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Egbert Perry has Doraville’s GM site under contract

By Douglas Sams and Maria Saporta

A development team led by Egbert Perry has put the former General Motors Co. plant in Doraville, Ga. under contract, with plans to close on a deal for the 167-acre site later this summer.

Doraville Mayor Donna Pittman confirmed the news to residents, and a few state and local political leaders, Monday evening. In a short speech at city hall, Pittman said the plant — which shut down several years ago – is now poised to become a historic redevelopment. Afterward, Pittman referred further questions to Perry, who did not attend the meeting.

Perry is one of the Atlanta’s best-known developers, and earlier this year he was named chairman of Fannie Mae. Perry has served on the board of Fannie Mae since 2008.

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Atlanta Press Club asking public for 50 best stories over past 50 years

By Maria Saporta

As a way to celebrate the Atlanta Press Club’s 50th anniversary, it is asking its members and the general public to get in the spirit.

The Club is issuing a public call for people to nominate the best Atlanta stories of the past 50 years.

The search, which will conclude in the fall with the announcement of “Atlanta’s Ten Best Stories” as determined by public voting, is entitled: “Finding Atlanta’s Best Stories: Journalism that Moved Us Over the Last 50 Years.”

The submissions may be any type of media story ranging from a hard-hitting investigative report to an unforgettable feature to an enduring column.

Posted inATL Business Chronicle, Maria's Metro

Crucial moment ahead for Morris Brown campus

By Maria Saporta and Douglas Sams
Published in the Atlanta Business Chronicle on April 25, 2014

A 37-acre tract of land controlled by Morris Brown College is reaching a pivotal point.

Bids for the historic Atlanta campus are due April 30, according to documents filed in federal bankruptcy court. Those proposals could determine who will own that property, how the land will be redeveloped and what the future holds for Morris Brown College, which lost its accreditation in 2002.

Posted inATL Business Chronicle, Maria's Metro

Column: Patriots Dinner in June will honor wounded warriors

By Maria Saporta
Published in the Atlanta Business Chronicle on April 18, 2014

The black-tie dinner will be held at the Georgia Aquarium, and it will include U.S. Sens. Saxby Chambliss and Johnny Isakson as well as Gov. Nathan Deal and Atlanta Mayor Kasim Reed.

In addition to the Medal of Honor recipients, other special guests will include Bernie Marcus, a philanthropist who contributed the Georgia Aquarium and was co-founder of The Home Depot Inc.; and Alana Shepherd, co-founder of the Shepherd Center. Music will be provided by Grammy winner Earl Klugh.

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Marci Reed leaves AIA – Georgia to return to executive job at Southface

By Maria Saporta

Marci B. Reed will be rejoining Southface beginning May 1 – as the environmental organization’s chief development and communications officer.

In her new capacity, she will oversee the fundraising and communications staff, manage strategic partnerships, direct key management initiatives and serve as a spokesperson for the organization.

From 2000 to 2006, Reed served as Southface’s first director of development and communications. Most recently Reed has been serving as executive director of the American Institute of Architects, Georgia Association.

Posted inATL Business Chronicle, Maria's Metro

Aaron’s aims to decide its own destiny

By Maria Saporta
Published in the Atlanta Business Chronicle on April 18, 2014

While Aaron’s Inc. has been fending off an unsolicited takeover offer from the Florida-based private equity firm Vintage Capital Management LLC, the Atlanta-based rent-to-own retailer has been putting the pieces in place to grow the company from within.

On the morning of April 15, Aaron’s CEO Ronald W. Allen made multiple announcements to show that the company was following its own strategic game plan to keep it growing as an independent company.

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Blank Foundation now taking grant requests for $15 million Westside fund

By Maria Saporta

The Arthur M. Blank Family Foundation is ready to accept grant applications to its $15 million Westside Neighborhood Prosperity Fund.

The Blank Foundation committed $15 million to help transform the neighborhoods of Vine City, English Avenue and Castleberry Hill last year when it was seeking approvals to get the new Atlanta Falcons stadium built south of the existing Georgia Dome. The city’s Invest Atlanta arm also committed $15 million from its Westside Tax Allocation District to those communities.

Frank Fernandez, vice president of community development for the Blank Foundation, announced Tuesday that it is now accepting grant applications from nonprofits interested in helping transform those communities.

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Atlanta Rotary Clubs tackle human trafficking through Covenant House

By Maria Saporta

Two years ago, U.S. District Attorney Sally Yates spoke to the Rotary Club of Atlanta.

“She told us about the underbelly of our city that few of us knew and no one wanted to hear,” wrote Rotarian Bob Hope in the Rotary newsletter about how Atlanta had become a major center for human trafficking. “Sally Yates’ message was an epiphany.”

So began Rotary’s involvement in the human trafficking issue and its support of the Covenant House.

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Atlanta Streets Alive helps city, state become more ped and cycle friendly

By Maria Saporta

The Alliance for Biking and Walking ranks how the nation’s major 52 cities and the 50 states compare when it comes to having bicycle-friendly streets and pedestrian-friendly amenities.

Although Atlanta tends to rank better than the state of Georgia, both definitely have lots of room to improve their offerings by providing different modes of transportation other than just the automobile.

One way to change the mindset of a city is Atlanta Streets Alive – a celebratory festival held in different parts of the city every few months or so whereby the Atlanta Bicycle Coalition  and the City of Atlanta close several major streets in a community and turn them over to the people.

Posted inATL Business Chronicle, Maria's Metro

Column: Atlanta Ballet on firm footing, has record ticket sales

By Maria Saporta
Published in the Atlanta Business Chronicle on April 11, 2014

Stability is a word that defines the Atlanta Ballet

Arturo Jacobus, who has served as the Atlanta Ballet’s executive director since December 2009, has signed on for another five-year contract — this time for the more aptly titled role of president and CEO.

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Arthur Blank says purchasing soccer team for Atlanta is ‘close to his heart’

By Maria Saporta

For Arthur Blank, buying a Major League Soccer franchise is as emotional a move as he’s ever made.

Blank, co-founder of the Home Depot and majority owner of the Atlanta Falcons, is first and foremost a smart businessman who has learned to connect with customers and fans while holding true to his core philanthropic values of making the community a better place.

And all of that will still be true with his new MLS franchise — the 22nd in the league.

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Leonardo McLarty to leave DeKalb Chamber after nearly 10 years

By Maria Saporta

Leonardo McLarty, president of the DeKalb Chamber of Commerce for nearly 10 years, will leave the organization on May 23 to become director of economic and community development for the City of York, Pa beginning on June 2.

McLarty sent an email earlier today to DeKalb Chamber members and friends letting them know of his upcoming move.

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Aaron’s acquiring Progressive Finance Holdings for $700 million; urges shareholders to reject Vintage bid

By Maria Saporta

Atlanta-based Aaron’s Inc., a leading lease-to-own retailer, announced Tuesday morning that it has acquired Progressive Finance Holdings, LLC, a leading virtual lease-to-own company, from Summit Partners in an all-cash transaction valued at about $700 million.

Aaron’s will operate Progressive as a wholly-owned subsidiary. John Robinson, Progressive’s CEO, will join the Aaron’s executive leadership team as executive vice president and CEO of Progressive, reporting directly to Ronald W. Allen, Aaron’s CEO.

“This is a highly complementary and transformative acquisition for Aaron’s, and we are eager to capture the significant opportunities this combination will provide for our customers, franchisees, and shareholders,” Allen said in the release.

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After 30 years, Young Audiences to change its name to Arts for Learning

By Maria Saporta

At its 30th anniversary lunch celebration, Young Audiences did something a little different.

It announced to the world that it is changing its name — to Arts for Learning/ Woodruff Arts Center — on June 1.

Charisse Williams, president of Young Audiences, said the past year has been a great year to reflect on the organization’s past three decades, but also a time to look forward to its next 30 years. Young Audiences has been refining its strategy and working on how to best tell its story.

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Arthur Blank expected to announce pro Atlanta soccer team on Wednesday

By Maria Saporta

In one of the most anticipated sports announcements in recent Atlanta history, Atlanta Falcons owner Arthur Blank is expected to announce on Wednesday that he has reached an agreement with Major League Soccer to become the newest owner of a franchise soccer team.

A media advisory was sent out Monday morning saying that there would be a major announcement on Wednesday with Blank, MLS Commissioner Don Garber along with Atlanta Mayor Kasim Reed and Frank Poe, the executive director of the Georgia World Congress Center Authority about the future of soccer in Atlanta.

Posted inATL Business Chronicle, Maria's Metro

Column: John Williams says Cobb school board ‘kicked’ him ‘in the ass’

By Maria Saporta
Published in the Atlanta Business Chronicle on April 4, 2014

Goodbye Cobb County. For the first time in 40 years, John Williams— the legendary apartment developer and metro power broker — will not be based in Cobb County.

Williams signed a lease on March 28 to move his current company — Preferred Apartment Communities — from the One Overton Park building where he has been for 10 years to the Medici building on Northside Drive in the city of Atlanta.

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Turner Entertainment’s Steve Koonin joining Atlanta Hawks as new CEO

By Maria Saporta

Becoming CEO of the Atlanta Hawks is “every boy’s dream,” said Steve Koonin, president of Turner Entertainment Networks.

The Atlanta Hawks announced on Sunday that Koonin will be the new CEO of the Atlanta Hawks and Philips Arena — a move aimed at strengthening the brand of the basketball team as well as focusing on more strategic plans for the organization.

“We just felt we needed a CEO who could step out of our day-to-day operations, both on the business side and the basketball side,” said Bruce Levenson, the majority owner of the Atlanta Hawks, in a telephone interview Sunday night.

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LBJ Library’s Civil Rights Summit shines light on Atlanta from Austin

By Maria Saporta

As the three-day Civil Rights Summit unfolded at the LBJ Presidential Library in Austin, Texas, one thing was abundantly clear.

Atlanta and its leaders were well represented during the event.

The summit began on Tuesday with Georgia’s own — former President Jimmy Carter, who spoke about his own evolution of growing up in a small rural town during the age of segregation. All his playmates were black, but they lived separate and unequal lives.

Posted inATL Business Chronicle, Maria's Metro

Top Georgia CEOs hope to stop social legislation that hurts business

By Maria Saporta
Published in the Atlanta Business Chronicle on April 4, 2014

At the March board meeting of the Metro Atlanta Chamber, 2014 Chairman Richard Anderson issued a call to action.

“We are going to have to step up as a business community and take a much more active role in stopping this social legislation that doesn’t help us in the global marketplace,” Anderson, the CEO of Delta Air Lines Inc., told the top- tier group of business leaders meeting behind closed doors.

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