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June 29, 2022

Georgia's Key Weapon In The EV Factory Battle Is Almost Out Of Bullets. It's Working To Reload

Newport Real Estate’s April Stammel Weighs In On Successful Community-Oriented Development Aug. 10

In quick succession earlier this year, Georgia landed two huge deals with automobile manufacturers Rivian and Hyundai Motor Group. Both of those planned factories will be located on what the state calls a megasite — land assembled, entitled and marketed by the state for game-changing economic development moves.

Georgia is in a battle with its Southeastern state neighbors to get major manufacturers to open large-scale facilities within their borders. State officials have focused their strategy for attracting these companies on megasites — which allow a company like Rivian to bypass months of sales negotiations and entitlement work to quickly get a plant up and running.

But its supply of these sites is almost out.

Georgia's Key Weapon In The EV Factory Battle Is Almost Out Of Bullets. It's Working To Reload

Earlier this month, Georgia, along with the Development Authority of Peach County, purchased a roughly 1,100-acre site in the center of the state, just south of Macon, that is being marketed as Georgia's latest — and only — megasite. Rivian and

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KKR Buying Microsoft's Midtown Atlanta Campus For Likely Record Sum

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Hines and Invesco have gotten approval to sell the two-building office campus they developed and leased to Microsoft in Atlantic Station to a division of private equity firm KKR.The Development Authority…

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The Construction Labor Shortage Is Set To Intensify Over Next 6 Months

Construction labor has long faced a generational challenge finding enough skilled workers. But the second half of 2022 may see that long-term problem really take its toll as inflation, federal spending, an aging workforce and persistent shortages combine to drive up costs, wages and the overall price of building anything in the United States. 

“The next six months will be like the last six months, only worse,” Associated Builders and Contractors Chief Economist Anirban Basu said. “After accounting for inflation, construction spending has likely fallen over the past 12 months. As outlays from the infrastructure bill increase, construction spending will expand, exacerbating the chasm between supply and demand for labor.”

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Experiential Retail Concept 'Beat The Bomb' Bursting Onto The Scene In D.C., Atlanta

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An experiential video game retail concept called Beat The Bomb is booming, with plans to open new locations in Atlanta and Washington, D.C.New York-based Beat The Bomb, which describes itself as "the world's first immersive social video game company," is launching a 50-location expansion, starting with the two cities the company…

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