Giant office project in Vinings has sold for $120 million

Paces West, a giant office project just north of the city that once served as the global headquarters of The Home Depot Inc., has sold for about $120 million.

San Francisco-based Farallon Capital Management LLC acquired the property in a joint venture with Crocker Partners.

Investcorp was the seller.

Investcorp, which had acquired the 646,471-square-foot property in 2015, was represented in the latest sale by a CBRE Group Inc. team of Jay O’Meara, Justin Parsonnet, Will Yowell, and Ryan Reethof.…


Atlanta Business Journal
Giant office project in Vinings has sold for 0 million

SunTrust-BB&T pick Truist as name for combined $66B bank

And the new name is …Truist.

The top executives of Winston-Salem, N.C.-based BB&T Corp. (NYSE: BBT) and Atlanta-based SunTrust Banks Inc. (NYSE: STI) announced Wednesday that the name of their new merged bank will be Truist – a name picked to reflect the heritage of both financial institutions.

Once the “merger of equals” is completed, Truist will become the sixth-largest U.S. bank holding company serving more than 10 million households in the United States – mostly in the Sunbelt and…


Atlanta Business Journal
SunTrust-BB&T pick Truist as name for combined B bank

Georgia-Pacific closing multiple manufacturing plants

Georgia-Pacific is planning to close multiple manufacturing plants in the Southeast.

The Atlanta-based company is set to close particleboard facilities in both Monroeville, Alabama and Hope, Arkansas, as well as the equipment and processes supporting the bleached board operations at its Crossett, Arkansas facility. More than 500 total jobs will be impacted.

Other nearby Alabama plants will support operations of the ones that have closed, including the Naheola and Brewton facilities. The Naheola…


Atlanta Business Journal
Georgia-Pacific closing multiple manufacturing plants

Episode 187 – Neill Wilson – Growing A Small Business

Episode 187 – Neill Wilson – Growing A Small Business
Atlanta

 
 
00:00 / 00:43:32
 
1X
 

Neill Wilson / Preserve Roofing

Born in Greensboro, NC and having lived in 8 states and 12 cities in his lifetime, he is no stranger to embracing change or seizing new opportunities. Growing up, he captained a Tier 1 AAA National Hockey Team, as well as setting records in track & field, baseball, and football. Midway through high school he shifted his focus from sports to the arts, where he made the US National Choir, starred as Danny Zuko in Grease, and was later accepted to Berklee College of Music. read more…

Pace Academy grad shoots an astonishing 57 at Druid Hills

Alex Ross, a Pace Academy graduate — and now an upcoming junior at Davidson College — did something June 6 that no other golfer has ever done, college or professional. He shot a 57 on an 18-hole course.

Ross, who shot 13 birdies and one eagle, joked about tying the 60-shot course record before the round and made it reality on the par-72 Druid Hills Golf Club course. He birdied seven of his final 10 holes.

“[The starter] told me 60,” Ross, 20, said to the Golf Channel. “I said, ‘OK,…


Atlanta Business Journal
Pace Academy grad shoots an astonishing 57 at Druid Hills

Automotive Minute: Renault Nissan Mitsubishi Alliance VP bullish on partnerships for achieving autonomous vehicle reality

The modern automotive industry alliance was built on promises to leverage strategic partnerships to move the ball forward on innovation while optimizing product platforms and cutting costs through mutual development and production. The Renault Nissan Mitsubishi Alliance is perhaps the most successful of these ventures in recent history, currently encompassing 450,000 employees and ten major automotive industry brands.

While the future of the Renault Nissan Mitsubishi Alliance is in possible flux…


Atlanta Business Journal
Automotive Minute: Renault Nissan Mitsubishi Alliance VP bullish on partnerships for achieving autonomous vehicle reality

The Trump administration may come to the aid of a Georgia manufacturer accusing China of unfair competition.

The tax cuts Congress passed in late 2017 are continuing to pay dividends for customers of Georgia Power Co.

The Atlanta-based utility announced Tuesday the second of three credits stemming from the tax legislation, which reduced Georgia Power’s federal corporate tax rate from 35% to 21%. The typical residential customer using an average of 1,000 kilowatt-hours per month will receive a credit of about $18 on their June bill.

The first credit last October was worth nearly $28 per typical customer.…


Atlanta Business Journal
The Trump administration may come to the aid of a Georgia manufacturer accusing China of unfair competition.

Atlanta payments company buys Hallmark Cards subsidiary

InComm, an Atlanta-based payments and technology services provider, has purchased the B2B incentives subsidiary of Hallmark Cards Inc., as it aims to strengthen its loyalty division.

Minneapolis, Minn.-based Hallmark Business Connections provides integrated, personalized solutions for organizations to boost employee engagement through incentive programs built around physical and digital gift cards, according to a news release. Hallmark’s clients include Fortune 500 companies across healthcare,…


Atlanta Business Journal
Atlanta payments company buys Hallmark Cards subsidiary

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