The Wilbert Group Blog

Making News: Our Clients in the Headlines

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Skyline View of Atlantic Station

Skyline View of Atlantic Station

1. As you have probably heard by now, Atlantic Station was sold this month to real estate and investor services firm Hines Interests. Previous owner North American Properties, who bought the property in 2010, sold the retail town center. Atlantic Station is a mix of retail, residential and high-rise office buildings just west of the Downtown Connector. It also has a hotel and an IKEA store and hosts events such as an annual pro tennis tournament and Cirque du Soleil shows. The property sold does not include buildings occupied by Publix, Dillard’s, Target and IKEA, nor the office towers or hotel on site.

 

2. Earlier this month, Aaron’s launched an initiative to hire 700 new associates at its stores through the United States and Canada. Dubbed “National Hiring Day” the company invited people to register for the event and come to learn more about the company and apply for a job. Aaron’s was looking to hire delivery drivers, customer service representatives, manager trainees, information technology specialists and call center representatives.

 

3. WSB Atlanta recently interviewed principal architect of Cooper Carry Bob Neal on recent development at Avalon in Alpharetta. They are building a full convention center and hotel at the luxury community, which will expand upon the already existing walkable community of shopping, dining, living & working. Neal says that sustaining growth in the area requires more hotel space, which is the “only thing that is lacking the area right now.”

 

Revenue Analytics’ Managing Partner and Chief Scientist, Jon Higbie

Revenue Analytics’ Managing Partner and Chief Scientist, Jon Higbie

4. Revenue Analytics’ Managing Partner and Chief Scientist, Jon Higbie, was recently published on HotelExecutive.com with an article about the future of hotel revenue management. The article focused on why hotels need to adapt an analytical mindset to drive transactional profit. Concluding the article, Higbie said, “The hotels that can conquer the next frontier of Revenue Management, and change their business mindset to think like a merchant, can develop both organic revenue growth and a strong, loyal customer base.”

 

5. A recent U.S. News & World Report article titled “How to Sell An Ugly House” details, well… just that. Mike Minihan, managing broker of Terrace 24 Realty in Atlanta, says, “Dumpy houses are usually filled with dumpy furniture and decorations, so it’s best to move everything out. This runs counter to advice an agent would give to most sellers, because a staged house usually shows much better than an empty house.” Minihan says staged homes usually work better because buyers don’t have much imagination, and an empty room forces buyers to work hard to imagine their furniture and belongings in the room.” But with the dumpy house, you are in search of a buyer with imagination, and that couch from 1981 with cigarette burns all over it is probably going impede this visionary buyer’s creative process more than it will help it,” he says.