Georgia banks as a whole were profitable for the second quarter of 2011, the first time in nearly three years the industry has had a positive result in the state. While individual banks returned to profitability earlier, the state’s banks were last profitable cumulatively in the third quarter of 2008. Continue this story at AJC.com.
This may surprise you: Barclays Capital says Atlanta will emerge as one the best markets for new homes over the next few years. The reason? “Regions that have pushed foreclosures through the pipeline quickly should see demand for new homes earlier than those that have allowed their backlog to grow,” a report released Friday by…
Now that declining budgets have reduced the outlook for federal largesse, what big ideas might help to continue growth among solar, wind and other clean energy industries? With the help of his sources in the “the renewables and efficiency space,” Climate Progress’ Stephen Lacey came up with five priorities for “business-oriented” policies that could keep…
Atlanta has foreclosed property and shuttered banks galore, as well as one of the largest park deficits of any metro area in the country. Ambitious as it sounds, a team at the Georgia Tech Research Institute is working on a solution for all those problems. Kevin Caravati, a senior research scientist at GTRI in Atlanta,…
The City of Atlanta will dip its toes into a potentially controversial issue late Thursday as the Council’s City Utilities Committee holds a public hearing on permitting rainwater harvesting systems designed to provide water inside the home. The move would give the city a tool to reduce the amount of water residents use, while it…
Atlanta real estate broker Carson Matthews has been performing a valuable service for metro homebuilders over the past two years. On a quarterly basis, he compares sales data on new “green homes” with all new home sales in four core metro counties. The results of the Atlanta Green Home Sales Report offer a compelling message: Homes certified…
This is kind of depressing: Late next month, John Dixon & Associates will auction off 19 commercial properties, 13 houses, and 720 undeveloped home sites — mainly south of I-20 in the greater Atlanta area. All the properties were foreclosed upon by an unidentified bank, and they’ll be sold May 25-26 from the conference room…
The folks at MAGE Solar, the German-owned solar panel maker with a plant in Dublin, Ga., posted an interesting press release this week to our Inside Stories section. MAGE has cut a deal with a De Lage Landen to provide financing for solar installers, or “integrators.” “Like in any other business where the contractor has…
McGraw-Hill reports that the value of all construction contracts in February was $685 million — or 23 percent below February 2010. The (sort of) good news: Residential construction was off only 12 percent while commercial construction slid 17 percent. In other words, non-building construction dropped by a whopping 65 percent. Not hard to figure out…
