JOBS IN GEORGIA?
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|More than 57,000 jobs for metro Atlanta this year and another 80,000 jobs next. That's the prediction Dr. Rajeev Dhawan made at the moment we took this of him at the "Views From the Top" forum this morning at Phipps Tower (our photographic memories instantly snapped what he said). Rajeev was the keynote for the event, put on by the GSU Real Estate Alumni Group and the Real Estate Investment Advisory Council. In his overview of economic conditions, Rajeev projects the strong job creation reversals over the next two years, after three years of job losses for metro Atlanta. Rajeev also told the audience that he expects a spike in tech investments given CEO confidence in the economy has rebounded in recent months.|
|We also ran into NAI/Brannen Goddard head Mitchell Brannen this morning at the forum. Mitch tells us the appetite by investors forretail in Atlanta continues to grow. Partly because Atlanta is viewed as finally having hit bottom. But also because investors are tired oflittle return from banks and are "slowly getting back out there," he tells us. While Mitch is seeing shopping centers that are 50% to 60% leased trade, investors are "not going to be overly aggressive" in chasing 4% to 5% returns, and still seek retail with cash flow and some upside.|