There are indications that Xethanol might not be leaving town. First of all, the company is no longer known as Xethanol.
The New York-based alternative ethanol company has turned itself into an Atlanta-based alternative energy technology company that now goes by the name of Global Energy Holdings Group.
It already has changed its stock exchange ticker. (For those of you who want to invest, it is GNH.)
When the meltdown began, the rules of the commercial development game changed.
Mike Graybill, a principal with Blanchard & Calhoun Commercial, was talking about the changes in credit rules for commercial development.
(The company is widely known for its work outside of Georgia. It is known around here for most recently putting together Evans Town Center and Evans Exchange, as well as the land where CarMax is going up along Interstate 20. It does a lot of its work outside of Georgia.)
We keep bidding farewell to furniture businesses. Furniture General in downtown Augusta has left us. Ashley Furniture in west Augusta was shut down more promptly by its Alpharetta, Ga., franchise owner.
Add Ivan Allen Workspace to the list, which decided a few weeks ago that it was going to run its Augusta operations out of Atlanta.
It won’t have a sales office or warehouse in Augusta by the end of the month.
A hamburger chain that has been eating up awards in the nation’s capital is going to have a home on Washington Road.
Troy Jordan, a vice president with the Augusta-based development firm of Blanchard & Calhoun Commercial, says Five Guys Burgers and Fries is one of the four tenants that will move into to a building under construction in front of the newly opened Kroger store at the corner of Washington Road and Alexander Drive.
Five Guys has 331 locations in 28 states nationwide.
Ivan Allen Workspace won’t have a sales office in Augusta by the end of the month. The company is going to run its operations out of the Atlanta headquarters instead.
We’ve had Ivan Allen in Augusta since 1954. Up until 2003, it was just an office furniture store, but then added some architectural and interior-design assistance.
The reason given for the store closing: “advances in technology, improvements in the distribution model and the ability to service all clients successfully out of the headquarters in Atlanta.”
When Wachovia announced its quarterly earnings a few months ago and its was billions in the wrong direction, it was an eye-opener and produced some concerns in the community.
It is, after all, one of the nameplate companies here - though we wonder whether that nameplate on the side of the tall, black Broad Street tower will soon bear the name of Wells Fargo instead.
If you want to tell people about Augusta’s manufacturing base, the nameplate companies are the ones you bring up in that conversation to lift their eyebrows.
He drove north on Interstate 15 until the stark Mojave Desert of Nevada gave way to the picturesque red rock vistas of southern Utah.
For a reason known only to him, he exited on State Highway 9 and pulled off onto a dirt road not far from the entrance to Zion National Park. He drove the Cadillac until the road ended at a meadow along the banks of the Virgin River.
The Richmond County Board of Education is about to make a smart move.
To help offset its $13.4 million budget shortfall, the board is poised to give final approval to sell off more than $1.5 million in unused real estate, including the old John S. Davidson and Sue Reynolds schools.
Economists are saying this is the worst summer job market in more than half a century.
Reading all the hubbub about how difficult it is for teens to find a summer job makes me thankful for the employment opportunity I had as a young’un.* I didn’t work at a fast-food joint, a movie theater or any of the other usual places.
My job was a really good one – I worked at a copper mine.
When I think of hostile takeovers, I think of board rooms, billionaire investors and hordes of execs in dark suits and power ties.
I also think of Michael Douglas.
What doesn’t come to mind is construction sites, guys in tool belts and pickup trucks.
That’s why I find the current proxy battle between the Home Builders Association of Georgia and the builders who sit on the board of the state’s largest workers compensation insurer interesting.