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ATLANTA BRAVES

Braves to buy Genuine Parts site

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The Atlanta Braves announced Thursday that they have entered into an agreement to purchase a 9.5-acre parcel of land that currently houses the headquarters of Genuine Parts Company, which sits on Circle 75 Parkway near the site of the Braves stadium and mixed-use development.

Genuine Parts, a Fortune 500 parent company of auto parts giant NAPA, announced last month that they intend to build a new 150,000-square-foot headquarters in Cobb County beginning next year.

employment health

Georgia’s unemployment rate falls to 7.2 percent in November

Georgia’s unemployment rate fell to 7.2 percent in November from a revised 7.6 percent in October, as employers hired more workers and cut fewer jobs, the state labor department said Thursday.

“This is the largest monthly rate decrease we have seen in Georgia going all the way back to 1976,” state Labor Commissioner Mark Butler said in a statement.

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breaking news

Catherall
RENEE BROCK

Phipps, Lenox seeking eviction of Twist, Prime restaurants

The owners of Phipps Plaza and Lenox Square in Buckhead want two restaurants evicted from the malls, claiming a leasing agreement breach by prominent Atlanta chef Tom Catherall.

CPI Phipps and The Retail Property Trust filed a lawsuit recently in federal court in Atlanta against Catherall, his wife, Leigh, and several of their companies, including Here To Serve Restaurants Inc.

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sponsorship now idol

american idol

Coca-Cola dumps 'American Idol' as a sponsor after 13 seasons

In yet another sign of the show’s waning influence and reach, Atlanta-based Coca Cola is ending its 13 season relationship with “American Idol” as a sponsor, according to an exclusive story in Variety magazine. “After 13 years, we feel it is the right time for the Coca-Cola brand to venture into new spaces and pursue other opportunities to connect with teens and leverage music as a passion point,” the company sent Variety in a statement.

ride-share challenge

uber
GETTY IMAGES

Georgia weighs regulations for Uber, Lyft

State lawmakers this week heard two days of testimony on the rise of ride-sharing services Uber and Lyft, with the upstart companies alternately praised as groundbreaking and vilified as interlopers who don’t think the rules apply to them.

The challenge now for legislators, especially those in the Republican majority who will largely decide what happens, is ensuring public safety and a level-playing field while honoring the popularity of these companies with younger voters and not angering conservative voters who despise new government regulations.

Underground's future

Underground
AJC

Underground Atlanta under contract with new owner

Underground Atlanta, the at-times revered and reviled shopping mall in the heart of downtown, has a new owner, The Atlanta Journal-Constitution has learned.

Atlanta Mayor Kasim Reed is expected to announce Wednesday that a developer from South Carolina is under contract to purchase the nearly 12-acre property for $25.75 million, and plans to convert the multi-tiered subterranean shopping complex into mixed-use development with a grocery store and above-ground apartments.


breaking news

mercedes
GETTY IMAGES

Mercedes scouting Atlanta for U.S. HQ site? Maybe.

Is Mercedes-Benz seriously snooping around Atlanta and other Southern cities for a new U.S. headquarters site, or is it casting a southward glance in order to win incentives from its current home in New Jersey?

Two Atlanta publications reported early Tuesday, citing unnamed people, that the German luxury carmaker had its eyes on metro Atlanta for a new home for its U.

more solar power

Southern Power plans solar plant to supply Cobb EMC

A new solar power plant is planned for Taylor County, and it will supply electricity to three cooperatives, including Cobb Electric Membership Corp.

Southern Power, a subsidiary of Atlanta-based Southern Co., said the plant, on 911 acres, is expected to be operational by the fourth quarter in 2016. The plant, a 131-megawatt photovoltaic solar project, will produce enough electricity to supply more than 21,000 homes.


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