From the Atlanta Business Chronicle:

Atlanta-based developer Carter recently cut 11 marketing and information technology positions, or about 7 percent of its 150 positions at its corporate offices, in a move related in part to a tough real estate market.

While the residential and office slowdown played a role, the job cuts were also part of a reorganization of Carter’s internal back-office operations, which included marketing, human resources, information technology and accounting. That reorganization started several months ago, said Carter’s president, Scott Taylor.

“I don’t expect further cuts,” Taylor said.

Carter, which also provides investment, property management and transaction services, has plenty of cash and no debt, Taylor said. He also said Carter — which employs about 400 people overall — “remains bullish on Atlanta” despite the residential and, to a lesser degree, office market declines.

“This [slowdown] is different, given that we have so much residential supply,” Taylor said.

Carter has developed well-known Atlanta projects including Lindbergh City Center and has recently launched The Banks, a massive development on the riverfront in Cincinnati.

“Our business is growing,” Taylor said.

More real-estate slowdown casualties in the Atlanta market.