U_R_
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Posts posted by U_R_
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8 hours ago, Nick2 said:
Does anyone know if an Atlanta version of Charlotte's UP? Atl doesn't seem active and I just moved here
The Atlanta SkyScraper Page forum is very active. On twitter, cbenderatl has some good updates.
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Thought this was interesting:
Ingersoll Rand (NYSE:IR) has made takeover bids for SPX Flow (NYSE:FLOW) that have been rebuffed, including a recent all-cash offer that valued SPX Flow in the low-$80s/share, or ~$3.5B, WSJ reports. Ingersoll Rand has no plans to make a hostile offer for SPX Flow, and it is not clear if it will submit a new bid, according to another report.
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Thought I’d share this, but I don’t really know how this would affect the Charlotte area. It seems like Cox has been investing heavily in their automotive and communications branches, so it might lead to more investment in CLT.
“Cox Communications inked a deal to buy the commercial services segment of Segra, a privately-held fiber infrastructure provider based out of Charlotte, North Carolina. Terms of the deal were not disclosed, but Bloomberg sources estimate the deal at about $3 billion. Cox is buying the business segment from the investment company EQT Infrastructure.
Segra’s existing management team will continue to lead the Segra enterprise and carrier organization following the acquisition. It will retain the Segra brand and operate as a stand-alone business within the Cox family of companies.“
https://www.fiercetelecom.com/operators/cox-buys-private-fiber-company-segra
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The Fortune 500 2021 rankings came out today and NC (esp Charlotte) had a strong showing.
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Just my two cents on this issue...
The bill definitely is not painting Georgia in a good light, and I do feel that it could have some potentially negative repercussions for Atlanta. What those repercussions are...I don't really know. Atlanta has not really received many high profile corporate relocations recently, so I think it would mostly affect new office expansions and so forth. However, I feel that the bill has especially received much more attention than it might have received in a different year because of how frequently GA has appeared in the news recently (Senate races, presidential elections, etc.).
On to my next point, I am almost certain that Microsoft most definitely knew about the bill before announcing their Atlanta expansion. In their recent press release regarding their issues with the bill, they reaffirmed their commitment to the Atlanta area, but that could all change depending on how things play out especially since there is a governor's election in 2022. Google, even with all the news around the bill, announced an expansion to their expansion of their corporate offices in Atlanta. They are going from taking 5 floors of office to now taking 19 I believe, and the tower will have Google signage on it.
Even with the passing of the bill, the Atlanta area still has all of the features that made it attractive in the first place (diverse tech scene, lower cost of living, good airport, excellent talent from places like GT, UGA, Morehouse, GSU, Emory,etc.). Overall, I doubt that Microsoft would completely abandon its Atlanta campus, but they could possibly think about downsizing its initial scope which is where the opportunity for Charlotte would be.
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Would anyone familiar with Duke and NextEra know why NextEra went for Duke over Southern Company? If Duke rejects again would NextEra look toward southern? Southern’s market cap is around 5 billion lower than Duke’s, so I wonder why they chose Duke.
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Thought this was an interesting article. Although, it’s behind a paywall so I couldn’t read the entire thing.
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1 hour ago, Tyree Ricardo said:
by for much longer, I mean a few years, not like this instant. But I think Centene will be looking for friendly pastures.
I could see maybe in a few years (would still be a stretch). Centene just built a massive and beautiful complex in downtown Clayton.
https://claycorp.com/project/centene-centre/
Just look at it!
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Congrats to all of y'all in Charlotte!!! Would've loved to have this in the ATL, but it's still great news.
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2 hours ago, CLT2014 said:
Charleston was closed earlier in a previous shutdown wave as SC cases spiked again: https://www.postandcourier.com/business/apple-closes-stores-in-sc-including-charleston-other-states-amid-coronavirus-spikes/article_5f63f480-b24c-11ea-8cc2-377aa3dea4ac.html
The stores in Raleigh and Durham never opened back up from the initial closure at the start of the pandemic. They thus are not on the "re-closing list" since they are already closed.
The Apple store in Charleston was open. It is closed because the windows of the Apple store were damaged/shattered during the protests.
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https://www.charlotteobserver.com/news/coronavirus/article243528837.html
I saw this article pop up, and it surprised me to see Meck at over 7k cases while Fulton in GA is around 5k cases. Are the cases in Meck higher because of the border with SC?
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Is NC not breaking down their testing between antibody and viral tests, or am I just looking in the incorrect sections?
https://covid19.ncdhhs.gov/dashboard/testing
It also seems like NC is starting to catch up to GA.
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11 hours ago, KJHburg said:
Hmm catching up on my ATL Business Chronicle and see an article on new head of Portman Residential.
Here is a quote from the subscriber story
""What projects does Portman Residential have in planning stages right now, and when could these projects break ground?
Our first project will likely break ground in the second quarter of 2021, which is the residential phase of Portman’s redevelopment of the historic [H.M. Patterson & Son] funeral home property in Midtown Atlanta. A second residential tower is in the works in Buckhead Village which includes a high-end hotel that will likely break ground in 2022. We are also in the early stages of projects in Charlotte, N.C., and Nashville, and looking for additional deals in other markets.""
Lets see where does Portman own a tract of land that is desirable for an apartment tower oh yeah right here next to the office tower on the current site of Sycamore Brewing. Their first apartment tower in ATL's Midtown? 34 stories.
https://www.bizjournals.com/atlanta/news/2020/05/29/harvey-wadsworth-portman-executive-profile.html
Portman can sometimes deliver stunning architecture, but more often than not its bland. Cue the CODA and Portman buildings.
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New Hampshire-based wireless network firm adds company that specializes in serving senior living communities. Single Digits, the Bedford-based provider of scalable wireless network solutions, has completed another acquisition, this time of Inviacom, a firm that installs and manages comprehensive Wi-Fi and connectivity services for senior living communities across the U.S. The acquisition, said Single Digits CEO Stephen Singlar, will add over 30 more Wi-Fi specialists to its team as well as five more field
https://www.nhbr.com/single-digits-picks-up-another-acquisition/
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Charlotte, North Carolina’s Segra has completed the NorthState acquisition — gaining a high-speed bandwidth services provider in Segra’s. home state.
The deal was first announced in December 2019. This acquisition will help ensure the scale, reliability, and strength of Segra’s fiber network and operations, the buyer said.
Segra is one of the largest fiber infrastructure bandwidth companies in the Eastern United States. By adding NorthState’s near-3,000 mile fiber network, Segra continues its expansion within the region. The company’s network connects more than 10 thousand locations and six data centers along the eastern seaboard.
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On 5/7/2020 at 1:16 AM, LA_TN said:
This is quite a shock to see. I know a lot about CSX, but little about Norfolk Southern. I would have never dreamed NS needed or could afford this massive of a complex. CSX has been counting pennies, but maybe @rookziecould shed some light on this
Norfolk Southern sold their land in the Gulch to CIM for 115 million I believe which went towards the cost of their new headquarters. NS also sold their old regional headquarters to Cousins Properties which also happens to be assisting in the development of their new headquarters.
I'm also surprised Cousins Properties has not ventured into the Nashville market yet.
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3 hours ago, kermit said:
Its just another means of socializing risk and privateising profits. The convention business is super profitable for hotel and restaurant owners (along with our local airline), but not profitable at all for convention center operators. Without the convention center we would also lack the uptown hotels necessary to make Charlotte such a good place to go to a Panthers/Hornets/Knights/ACC Championship etc. game.
The convention center does have the virtue of being paid for (mostly) by visitor taxes -- but that is money that could have been spent elsewhere (like a new stadium).
Atlanta got around that by basically paying for the Benz Stadium with hotel taxes. The convention center brings in visitors which use the convention center and stay in hotels. By staying in hotels they also pay for the stadium.
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5 hours ago, CLT704 said:
Raleigh, of all places (!!), is getting AA’s 777-300ER! I know it’s stupid but it makes me mad that Raleigh (!!) is getting AA’s flagship. We don’t see it, nor does PHL or ORD. Even if it’s to rotate an AC, I would have guessed that either us or PHL would see it before RDU.
It could very well be an error, but do remember that Delta and American are competing for premium RDU traffic. AA has a stranglehold on CLT (highest fares of any airline hub), so they figure people will still fly them even if the product is not excellent. AA in RDU might be trying to take away pax from the RDU-CDG flight and I think KL might have a RDU-AMS but I’m not sure.
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26 minutes ago, SouthEndCLT811 said:
Oh no, stop.. Please don't move this convention out of Charlotte
Whether or not you agree with the political party, conventions bring a MASSIVE amount of money to the city hosting them.
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20 hours ago, SydneyCarton said:
In addition, to the UN, could you imagine if Charlotte could lure the NYSE to move to Uptown? That might shift the balance of power to Charlotte.
I mean NYSE is already under the control of a southern company.
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1 hour ago, Rufus said:
Clearly my numbers are off by virtue of the F1000 numbers, but these were taken from NYSE and NASDAQ filings that are public to view. This was last updated in early March before the beginning of the shutdown in NYC.
This is fantastic!!!
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1 hour ago, Rufus said:
I've done quite a bit of work on the $1b Public Companies in the region, and there are about 5-10 more in the $1-2b range. Interested to see how Ingersoll-Rand and their current network of spinning off will work out.
If you don’t mind, could you list the other companies in the $1-2b range?
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1 hour ago, kermit said:
or what they are doing in Florida and Georgia which is doctoring the numbers rather than doctoring the people.
We need to be talking about the quality of our data before we make decisions based on it (not really pointed at NC specifically)
This whole graph thing in GA has been massively overblown imho. This article does a good job explaining it. The graph that was out of whack only showed the top 5 counties for coronavirus cases, so the graph itself was not even that important. Meanwhile, GA has increased its testing and now ranks 21st in the US for tests/1k people while states likes North Carolina and South Carolina are in the 40s. Our cases in GA have been steady/slightly decreasing which is different than the large spike many people were expecting.
https://mobile.twitter.com/kelleykphoto/status/1262701861724917761
Tests/1k People
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The official Fortune 500 2020 list came out today, and metro ATL and GA had a great representation.
https://www.metroatlantachamber.com/resources/most-popular/fortune-500-fortune-1000-in-metro-atlanta
Here in the ATL, our newcomers were Newell Brands, Gray Television, Rollins Inc, Primerica, and Floor and Decor. For this 2020 list, it still had Norfolk Southern as based in Norfolk, VA, but when their new HQ is done I presume Fortune will recognize their headquarters in ATL.
Here is the link for all the companies in GA:
https://fortune.com/fortune500/2020/search/?hqstate=GA
Mohawk and Aflac were the only F500 companies not based in metro ATL while Synovus and Flowers Foods were the only F1000 not based in metro ATL. Synovus was also a newcomer to the F1000 list.-
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Charlotte and NC had a very good representation this year on both the Fortune 500 and 1000 lists. Although I'm still surprised GA edged out NC with more Fortune 500/1000 companies in total. It's also very interresting (for me at least) to see how spread out a lot of the companies are compared to GA where they are centered on Atlanta and Columbus (Aflac, Synovus, and used to have TSYS).
Economic Development - Expansions and Relocations
in Charlotte
Posted
Does anyone know why the Fortune 500 and 1000 is now behind an annoying paywall? Either way, looks like NC had a good showing as usual.