Photo from Pexels.com Source: Atlanta Business Chronicle A Chicago real estate developer has started construction on a distribution center near Atlanta’s airport, its first project in the metro area and another example of confidence in the region’s booming logistics sector. …
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UGA business school dean: ‘COVID-19 recession is over’
Image from Atlanta Business Chronicle Source: Atlanta Business Chronicle Despite rising cases of COVID-19 in Georgia, the recession brought on by the pandemic was one of the shortest on record, and according to economists, it is practically a thing of …
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Hyundai TRANSYS to add 678 jobs in Georgia expansion
Source: Atlanta Business Chronicle An automotive parts producer that specializes in transmissions says it will expand its Georgia operations with a $240 million investment that includes adding hundreds of new jobs. Hyundai TRANSYS will build a 620,000-square-foot facility in West …
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Georgia Saw Decrease in Unemployment Rate in October
Source: WRGA News Governor Brian P. Kemp and the Georgia Department of Labor today announced that Georgia’s unemployment rate in October dropped 1.8%, bringing the current unemployment rate to 4.5%, down more than 8% since the state’s all-time high in …
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U.S. Census: An estimated 284,541 people moved to Georgia in 2019
Photo from Pexels.com Source: Atlanta Business Chronicle The U.S. Census Bureau just released new statistics that highlight geographic mobility in the United States in 2019. According to the new data, the top 10 states that Americans moved to were Florida, 601,611; Texas, …
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Turkish electric vehicle parts manufacturer to open first North American facility in Georgia
Source: Atlanta Business Chronicle TEKLAS, a Turkish manufacturing company and supplier of electric vehicle parts, announced earlier this month it would invest $6.5 million to open its first North American facility and headquarters in Gordon County, according to a press release …
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Canada’s Granite REIT buying Atlanta PVH distribution center for $80M
Source: Atlanta Business Chronicle Canada’s Granite Real Estate Investment Trust is buying a big new Atlanta distribution center for $80 million. Toronto-based Granite (NYSE: GRP.U) reported it has agreed to acquire 8500 Tatum Road, a 1 million-square-foot modern warehouse distribution facility situated …
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E-Commerce Poised to Anchor Future of Industrial Real Estate
Source: Real Estate Business Online While the commercial real estate industry has experienced many uncertainties during the pandemic, the industrial and logistics market continues to thrive. With the rapid acceleration of e-commerce in the wake of COVID-19, major online retailers …
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Real Estate Notebook: Amazon expands Atlanta operations
Image from Pexels.com Source: Atlanta Business Chronicle Amazon.com Inc. is expanding its Atlanta warehouse operations by turning two aging industrial buildings on the Perimeter into its latest delivery station. The e-commerce giant purchased a 20-acre property in Doraville just north …
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‘Primed’ for Growth: How Amazon and the shift to e-commerce impacts the Atlanta economy
Image from Pexels.com Source: Atlanta Business Chronicle As Amazon.com builds its fulfillment engine across Atlanta, the e-commerce giant has ignited growth amid a mostly bleak COVID-19 economy. First the indirect impact. Consider the amount of industrial space Amazon alone is …
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