The head of a commercial real estate investment firm has been sentenced to 87 months in prison and ordered to pay $45 million in restitution in a fraud scheme involving the Atlanta Financial Center in Buckhead.
Indicators of the week is back! This time, we explore why oil and gas companies are pulling in record profits, whether bad commercial property debt is likely to spark a financial crisis and how much a lost tooth goes for in this economy.
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Portman views the roughly 10-acre property off Monroe Drive and nestled between the affluent Morningside/Lenox and Virginia-Highland neighborhoods as the ideal spot for a destination mixed-use project because its adjacent to the Atlanta BeltLine, Piedmont Park, and Atlanta Botanical Garden.
Turning barely used office space into desperately needed urban housing seems like a win-win in the work-from-home era. But even in cities eager to do this, plenty of obstacles remain.
The office property sector is in trouble as many workplaces remain empty, and that threatens to spark a number of economic problems, including more pain at the country's banks.
With so many people still working from home, companies are cutting back on office space. That spells trouble for small businesses that depend on foot traffic.
