Proposed Expansion of PDK Airport May Mean More Hangars, Less Controversy

STAFF REPORT - The director of Atlanta's Peachtree-Dekalb Airport (PDK) has laid out a plan to both add hangars and revenue to the airport, while simultaneously limiting future controversial growth options. The Atlanta Journal Constitution is reporting the plan, which would allow the airport to house an additional 63 planes, would use only remaining possible location for a new terminal that could allow commercial passenger traffic. The possibility of future commercial traffic has been met by protest from local residents who fear the effects of additional noise, traffic, and pollution. Click the link below for more information on this issue from the AJC

Project may ease tensions at PDK | ajc.com

Chinese Telecom Giant ZTE Opens New Atlanta Office

STAFF REPORT - The American division of Chinese telecom ZTE Corp. has recently opened an office in Atlanta. The new office of Dallas-based ZTE USA is strategically located to serve local clients, primarily AT&T Mobility. Click the link below for the full article fomr GlobalAtlanta.com

Chinese Telecom Giant Opens New Atlanta Office

Southern Nuclear CEO Retiring

STAFF REPORT - Southern Nuclear, the division of Southern Company responsible for the bulk of the company's nuclear activities in Georgia, has announced that its CEO James Miller will retire this year. Click the link below to read the full article from the Atlanta Journal Constitution.

Southern Nuclear to get new chief | ajc.com

Roark Capital Announces Acquisitions of Arby's, Corner Bakery, and Il Fornaio

STAFF REPORT - Atlanta-based investment firm Roark Capital Group has announced the pending acquisitions of restaurant chains Arby's, Corner Bakery, and Il Fornaio. Roark is already home to such iconic brands as Auntie Anne's Pretzels, Atkins, Seattle's Best Coffee, Carvel Ice Cream, Wing Stop, Cinnabon, Schlotzsky's Deli, Moe's Southwest Grill, and McAllister's Deli. The new acquisitions, reported in separate articles in The Atlanta Journal-Constitution and The Atlanta Business Chronicle, will add nearly 3,750 stores to the Roark portfolio, mostly consisting of Arby's locations.

Southern Company Announces World's Largest Power Plant CCS Project Is Capturing Carbon

PRESS RELEASE - Southern Company announced today that its 25-megawatt carbon capture and storage facility is operating and capturing carbon dioxide. Located at Plant Barry near Mobile, Ala., the CCS facility is the world's largest for a coal-fired generating power plant. It will capture approximately 150,000 tons of carbon dioxide (CO2) annually – or the equivalent of emissions from 25 MW – for permanent underground storage in a deep saline geologic formation.

Waterton Residential Expands Portfolio with Metro Atlanta Acquisition

PRESS RELEASE - Waterton Residential selects upscale luxury with its latest Property Venture XI multifamily acquisition of Parc Alpharetta, a well-located, class A, age-restricted rental community in Alpharetta, Georgia. Constructed in 2008, Parc Alpharetta is a four-story, two-building midrise structure containing 210 units consisting of 85 one-bedroom/one-bathroom, 26 one-bedroom/one and a half bathroom, 93 two-bedroom/two-bathroom, and six two-bedroom/two and a half bathroom townhome units.

Cassidy Turley to Acquire Brokerage and Property Management Divisions of Carter

PRESS RELEASE - Cassidy Turley, a leading commercial real estate services provider in the U.S., has announced its commitment to acquire the brokerage and property management businesses of Carter, a national leader in project development, commercial real estate services and investments.  Based in Atlanta, Carter maintains full-service offices in Atlanta and Tampa and various offices throughout the U.S.

Birch Communications Secures Major Finance Package

PRESS RELEASE - Birch Communications, a leading IP-based telecommunications and managed services provider to small- and medium-sized businesses, is pleased to announce that it has secured a $77.5 million finance package consisting of a senior term loan, a senior revolving credit facility, a tranche of subordinated debt, and a provision for up to a $7.5 million leasing facility. Birch will use this new financing to repay outstanding indebtedness, fund future acquisitions, fund network build-out and for general corporate purposes.

Welcome to the Atlanta Business Report!

Welcome to The Atlanta Business Report! This is a new venture aimed at providing the metro Atlanta, Georgia community with local business news and objective information. We are currently set up as a blog to gauge interest and build a reader base before launching a real website sometime in the future.