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Atlanta-area Home Depot distribution center bought for $97M

Monmouth Real Estate Investment Corp. (NYSE:MNR) acquired the new 657,518-square-foot building located at 3150 Highway 42 in Locust Grove, Ga. Image Source: Press Release Source: Atlanta Business Chronicle A big Atlanta-area distribution building leased to The Home Depot has been …
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Georgia economic development chief: Momentum means optimism for 2021

Source: Atlanta Business Chronicle Despite 2020’s uncertain realities and significant change, Georgia turned those 2020 buzzwords – “pivot,” “adapt,” even “unprecedented” – into good news. By partnering with our employers and communities in confronting challenges from COVID-19 head-on, we’ve regained …
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Speculative Cold Building Development: Trends and Strategies

Source: NAIOP Image Source: Pexels.com This sector of industrial was booming even before the pandemic, and future demand is expected to soar even higher. In the age of one-hour package shipments, the infrastructure needed to serve a growing on-demand culture is …
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Economic Forecast 2021: Atlanta will recover faster than the nation

Source: Atlanta Business Chronicle Atlanta’s recovery from the economic impact of the COVID-19 pandemic will outpace the nation’s in 2021, driven by the metro area’s educated workforce, consistent business development and innovation, above-average population growth and strong housing market, according …
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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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