The Archives
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01.26.09Home Depot shutting Expo storesFrom the Real Estate Crack Up: Home Depot is shuttering all of its Home Depot Expo stores, which turned out never to be much of a success anyway. Even with homeowners flush with equity-line cash, the stores apparently never really performed well. 7,000 jobs are to be eliminated. The decline in Atlanta's housing market has hit the Orange Box pretty severely. 3.1.06 Orange Stripe, originally uploaded by M J M.
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10.26.08North Georgia business bankruptcy filings surgeFrom the Atlanta Journal and Constitution: The popped housing bubble and crushed credit market have pushed record numbers of North Georgia businesses into bankruptcy court this year. Chapter 11 filings are up between 50 percent and 70 percent over all of last year, depending on how they’re counted. They’re also up significantly from any of the past 20 years — and there are almost 10 weeks left in 2008. As of Friday, 283 companies and their affiliates had filed for Chapter 11 protection from creditors in Georgia’s Northern District, which has offices in Atlanta, Gainesville, Newnan and Rome. Jeffrey Kelley, head of the bankruptcy practice at ...
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09.30.08Atlanta rated best for singlesAtlanta topped Forbes magazine's 2008 list of best cities for singles. In the eight years of the survey, it is the first time Atlanta has been ranked first. Following Atlanta were San Francisco, Dallas, Minneapolis and Washington DC. What makes Atlanta attractive to singles? Job growth, a relatively high number of other singles, and a thriving nightlife. Sabroso Mexican Restaurant, originally uploaded by DrJimiGlide.
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08.30.08Atlanta-based Integrity Bank failsFrom the Atlanta Business Chronicle: Integrity Bank's skyrocket run as the fastest-growing bank in Georgia history, fueled by housing construction, has ended in failure. Birmingham, Ala.-based Regions Financial Corp. (NYSE: RF) late Friday acquired the deposits for the Alpharetta, Ga.-based community bank in the 10th bank U.S. bank failure this year, according to a late Friday press release from the Federal Deposit Insurance Corp. Integrity Bank operates five branches in metro Atlanta, primarily in the city's affluent north suburbs. Regions Financial acquired all of Integrity’s $962 million in total deposits, including uninsured deposits, paying $9.7 million for them. The deal does not include Integrity ...