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☆ How private equity fills the lending gap for commercial real estate
▼ + stars: | 2024-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow private equity fills the lending gap for commercial real estateGreg Friedman, CEO of Peachtree Group, joins CNBC's 'The Exchange' to discuss how the lending slowdown is creating opportunity for private credit, how his business purchases commercial real estate loans, and more.

Persons: Greg Friedman Organizations: Peachtree Group

☆ The American Dream is under siege
▼ + stars: | 2024-03-02 | by ( Matt Egan | ) edition.cnn.com time to read: +15 min

Parents of young children are making difficult choices to afford child care — or they’re opting to evade it by dropping out of the workforce altogether. Even as the inflation rate has cooled across the US economy, child care remains a sore spot for many families. The weekly price of day care for a toddler surged 9% in 2023, according to Care.com, a marketplace for child care. Of course, Allison is hardly alone in feeling like the American Dream has been more difficult — and expensive — to attain than imagined. “The American dream is being taken away from the younger generation by the housing affordability challenges,” said Lawrence Yun, chief economist at the National Association of Realtors.

Persons: Hana Husković, Price, Hana, Michelle, they'll, ” Hana, “, It’s, they’ll, ’ Allison Powell, Liam Kelly, ” Allison, Allison Powell, Corinne ., ”, Allison, I’ll, homebuyers, Lotfi Karoui, Goldman Sachs, Lawrence Yun, Yun, Priscilla Almodovar, Fannie Mae, ” Almodovar, that’s, Almodovar, they’d, Homebuilding, Mark Zandi, Biden, ” Lael Brainard, Brainard, ” Brainard, ‘, Rachael Gambino, Garrett Mazzeo, Rachael, Deborah Brunswick, John General, ” Rachael, won’t, they’ve, – Organizations: New, New York CNN, Bureau of Labor Statistics, Wall, CNN, Federal, Intercontinental Exchange, ICE, Bloomberg, Getty, Rust Belt, National Association of Realtors, North, NAR, That’s, Baby Boomers, Homeowners, Federal Reserve, Moody’s Analytics, White, National Economic Council, American, Target, Starbucks, Facebook Locations: New York, United States, Atlanta, Peachtree Corners , Georgia, Decatur, Decatur , Georgia, Carolina, Yugoslavia, Italy, Mexico, Oakland , California, Livermore, San Francisco, California, Los Angeles, San Diego, Francisco, Miami, Honolulu, Rust, Des Moines , Iowa, Dayton , Ohio, Cleveland , Ohio, Scranton , Pennsylvania, Los Angeles , California, North America, America, States, Lansdale , Pennsylvania, Philadelphia

☆ Bidders Chase Elton John Memorabilia and a Banksy in First Week of Sales
▼ + stars: | 2024-02-23 | by ( Julia Halperin | ) www.nytimes.com time to read: +1 min

More than 3,500 people from 34 countries registered for the chance to bid on the superstar Elton John’s rocket-shaped cocktail shakers, ornate jumpsuits, and black-and-white fashion photography at Christie’s “Goodbye Peachtree Road” auction this week. Two sales over three days featuring the celebrated musician’s belongings rocketed to $14.4 million, with auction-house fees, outperforming the high estimate of $11.3 million. Bidders vied for silver leather platform boots the singer wore throughout the 1970s (they sold for $94,000, more than nine times the high estimate) and an 18-karat gold Rolex watch with a leopard-print dial (it fetched $176,400, about three times the high estimate). Most of the remaining auctions will take place online through Feb. 28, including sales of John’s celebrity portraits, jewelry and Versace clothes. With six online sales to go, the collection has already exceeded the original (and perhaps conservative) expectation of $10 million set by Christie’s.

Persons: Elton John’s, rocketed, John, David Locations: Peachtree, Atlanta

The Federal Reserve on Wednesday did what everyone expected, holding interest rates steady for now. But it also avoided saying anything about what it plans to do with rates in the future, dashing hopes for now that rate cuts are in the offing soon. “The Committee judges that the risks to achieving its employment and inflation goals are moving into better balance,” the statement read. Over 12 months, the core rate has come down to 2.9%, he pointed out, adding, “We’re wanting to see more data. “However, they do need to be careful about holding rates up too far, too long.”Economists are predicting a slowdown this year.

Persons: Jerome Powell, ” Powell, “ We’re, You’ve, Powell, ”, Greg Friedman, Brian Henderson, “ There’s, Charlie Wise, Wise Organizations: Federal Reserve, Fed, ”, Dow Jones, Peachtree Group, BOK, “ Locations: American

☆ Georgia Republicans advance new US House map that maintains their edge
▼ + stars: | 2023-12-01 | by ( Joseph Ax | ) www.reuters.com time to read: +2 min

A general view of the Atlanta skyline includes the Georgia Capitol dome and a "Vote" sign atop the 100 Peachtree building, days ahead of nationally significant U.S. Senate and state governor elections in Atlanta, Georgia, U.S. November 6, 2022. In his Oct. 26 opinion, U.S. District Judge Steve Jones said that Georgia could not remedy the problem "by eliminating minority opportunity districts elsewhere." The new map would likely allow Republicans to maintain their current 9-5 advantage among the state's 14 U.S. House districts. In a statement, the Republican speaker of the state House, Jon Burns, said the new map "fully complies with the judge's order." McBath's campaign manager, Jake Orvis, said in a statement, "Georgia Republicans have yet again attempted to subvert voters by changing the rules."

Persons: Jonathan Ernst, Lucy McBath, Steve Jones, Brian Kemp, Jon Burns, Jake Orvis, Joseph Ax, Will Dunham Organizations: Georgia Capitol, Senate, REUTERS, Georgia Republicans, . House, voters, Republican, Democratic U.S, District, Legislators, McBath, Thomson Locations: Atlanta, Georgia, Peachtree, Atlanta , Georgia, U.S, Black, United States, Georgia's, New York

AMERICUS, Ga. (AP) — Rosalynn Carter will make her final journey to the Jimmy Carter Presidential Center on Monday as her family begins three days of memorials for the former first lady and global humanitarian who died Nov. 19 at the age of 96. President Joe Biden and first lady Jill Biden, longtime friends of the Carters, lead the dignitaries expected to attend the Atlanta service. Some well-wishers began honoring Rosalynn Carter soon after her death, including an uptick in visitors to the Presidential Center campus. At the campus's Rosalynn Carter Health and Human Sciences Complex, there will be a wreath-laying ceremony attended by the current leadership of the Rosalynn Carter Institute for Caregiving. A brief service of repose is scheduled for 3:30 p.m. — before public access — once her remains arrive at Carter Presidential Center.

Persons: — Rosalynn Carter, Jimmy Carter, Rosalynn Carter's, Joe Biden, Jill Biden, Jimmy Carter's, ”, Kim Fuller, we’re, Rosalynn Carter, Brendan Green, ” Green, Carter's, Carter, Kamala Harris, Doug Emhoff, Glenn, Carters, Fuller, ” Fuller, Sudhin Thanawala Organizations: Jimmy Carter Presidential Library and Museum, Maranatha Baptist Church, White House, Maranatha, “, Presidential Center, Medical, Georgia Southwestern State University, Georgia Southwestern College, Carter Health, Human Sciences, Carter Institute for Caregiving, Carter, Luke’s Episcopal Church, Peachtree, Glenn Memorial Church, Emory University, Emory, Methodist, Plains Methodist Church, Associated Press Locations: AMERICUS, Ga, Sumter County, Georgia, Atlanta, Plains, caregiving, Maranatha, Chicago, Americus, St, Luke’s, Peachtree St

Nov. 25, 2023A regular golf cart has no turn signals, no radio, no protection from the elements other than a thin roof and rain flaps. Press the pedal to the floor and it can maybe — maybe — accelerate to 15 miles per hour. If you are 12, commanding that cart feels like power. “You had that little sense of adventure,” said Caroline Lawson, 17, thinking back a few years to her earliest experiences driving a golf cart. “It’s just that little sense of, ‘Whee!’”

Persons: “, ”, Caroline Lawson, It’s, ‘ Locations: Atlanta, Peachtree City , Ga

☆ Tiffany Haddish arrested for alleged DUI
▼ + stars: | 2023-11-24 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Tiffany Haddish was arrested early Friday morning on suspicion of driving under the influence, according to the Beverly Hills Police Department. Police were called at 5:45 a.m. PST on Friday morning and she was arrested shortly after. The comedic actress was also arrested on suspicion of driving under the influence in 2022 in Peachtree City, Georgia after she fell asleep at the wheel. And I’ve got to get my asking of things to God a little better,” Haddish added at the time. Haddish, who has starred on several television shows, is best known for her stand-up comedy and her performance in the film “Girls Trip.”

Persons: CNN — Tiffany Haddish, Haddish, Jimmy Fallon, ”, I’ve, ” “, we’re Organizations: CNN, Beverly Hills Police Department . Police, TMZ, Haddish Locations: West Hollywood, Peachtree City , Georgia

☆ The Ultra-Affordable EVs That Won’t Be Coming to the U.S. Anytime Soon
▼ + stars: | 2023-10-21 | by ( Christopher Mims | ) www.wsj.com time to read: 1 min

Most days, Athena Frederick goes grocery shopping and picks up her grandson from school without ever getting into a car. The same is true of her teenage daughter, who takes herself to and from high school. That’s possible because she lives in Peachtree City, Ga., a small town just south of Atlanta that started building a network of paths in 1974 that are accessible to golf carts, but not cars. It now extends more than 100 miles, serving 38,000 residents and their more than 11,000 registered carts. Nearly every destination and domicile in the town is accessible via a class of vehicle most Americans regard as a toy.

Persons: Athena Frederick Locations: Peachtree City , Ga, Atlanta

☆ Swedish startup Luvly is making flat-pack electric microcars
▼ + stars: | 2023-10-09 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +8 min

In addition to the novel flat-pack delivery, Luvly is hoping that the electric car’s other features – including its super-light frame and swappable batteries – will make sustainable transport more affordable, says Håkan Lutz, Luvly CEO and co-founder. LuvlyA “Luvly” solutionLuvly O is a “light urban vehicle,” also known as a microcar. Luvly plans to license its patented light vehicle flat-pack framework to other car manufacturers to build their own branded versions. Resource-light and requiring less energy to manufacture than electric passenger cars, light electric vehicles (LEVs) such as microcars could make a serious dent in transport carbon emissions, says Brost. This is where Luvly hopes to add value: inspiring more car manufacturers to develop light urban vehicles with its patented framework.

Persons: it’s, Håkan Lutz, Lutz, Luvly, ”, —, “, Luvly isn’t, Citroën, Ami, Mascha Brost, Brost, ” Brost, It’s Organizations: CNN, IKEA, BMW, Formula, Opel, Fiat, Micro, German Aerospace Center, German Aerospace, Institute for Highway, US, Peachtree Locations: Swedish, Stockholm, €, Italian, Swiss, Germany, Peachtree City, Georgia

☆ Peachtree CEO talks commercial real estate turning to private credit as banks pullback lending
▼ + stars: | 2023-08-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPeachtree CEO talks commercial real estate turning to private credit as banks pullback lendingGreg Friedman, Peachtree CEO, joins 'The Exchange' to discuss a rising trend in commercial real estate private credit loans, and how private creditors can benefit from the pullback in direct bank lending to commercial real estate.

Persons: Greg Friedman Organizations: Peachtree

New York CNN —A 68-year-old woman has her job back after she was fired last month for attempting to stop shoplifters at a Lowe’s store in Georgia. “The Lowes (sic) employee, Donna Hansbrough was fired for attempting to stop the theft,” the post said. “After senior management became aware of the incident and spoke to Donna Hansbrough today, we are reinstating her job and we are pleased that she has accepted the offer to return to Lowe’s,” Lowe’s said. In Kansas, Kansas Attorney General Kris Kobach, a Republican, said retail crime is a “spiraling problem,” adding that Kansas and Missouri are among the top 10 states in the nation for the volume of retail crime. “There is a link between drug trafficking and organized retail crime,” Kobach told lawmakers in June.

Persons: Donna Hansbrough, Lowes, “ Lowes, Donna, ” Lowe’s, Hansbrough, “, Kris Kobach, Kobach, ” Kobach, ”, Read Hayes, they’ve, Lululemon Organizations: New, New York CNN, Rincon Police Department, Lowes, CNN, Retailers, National Retail Federation, Republican, Kansas, “, University of Florida, Prevention Research Council, Walmart, “ Retailers Locations: New York, Georgia, Rincon, San Francisco, America, In Kansas, Kansas, Missouri, Peachtree Corners , Georgia

☆ What’s a Georgia Summer Without Peaches? Not So Sweet.
▼ + stars: | 2023-07-06 | by ( Kim Severson | More About Kim Severson | ) www.nytimes.com time to read: +1 min

A winter that was a touch warm, followed by a series of hard freezes in March, has devastated the Georgia peach crop. “If we made 2 percent of a crop, I would be surprised,” said Jeff Cook, a University of Georgia cooperative extension coordinator who helped put together an application for federal relief. Last week, the U.S. Department of Agriculture granted it, declaring 18 Georgia counties natural-disaster areas and making an additional 38 counties eligible for federal loans. The cost to the state, including lost jobs and peach sales, Mr. Cook said, could reach $200 million. In a state where eating a peach over the kitchen sink is a birthright, cobbler recipes are passed down through the generations and a baffling number of streets in Atlanta are named Peachtree, a summer without peaches is unfathomable.

Persons: ”, Jeff Cook, Cook Organizations: University of Georgia, U.S . Department of Agriculture Locations: Georgia, Atlanta, Peachtree

☆ Peachtree Road Race: Senbere Teferi took a wrong turn meters from the finish. It cost her thousands
▼ + stars: | 2023-07-04 | by ( Jill Martin | ) edition.cnn.com time to read: +1 min

CNN —Ethiopian runner Senbere Teferi looked to be mere seconds away from defending her Peachtree Road Race title. The first three competitors of the women’s elite division of the Peachtree Road Race, a 10-kilometer race held annually in Atlanta on July 4, were approaching the finish line when Teferi, the 2022 champion, had the lead. But with just meters to go, Teferi, who was following a lead vehicle, took a right turn, running off course. But after I saw that car turn, I saw the finish sign in front of me, so I pushed ahead. But I was really upset because I really planned to stick with Senbere at the finish.”Approximately 50,000 people participate in the Peachtree Road Race.

Persons: Senbere Teferi, Teferi, Fotyen Tesfay, Tesfay, ”, “ Organizations: CNN, Ethiopian, Peachtree Locations: Peachtree, Atlanta

☆ A family bought an underground nuclear bunker for $300,000, and they're turning it into their home. Take a look inside.
▼ + stars: | 2023-06-24 | by ( Monica Humphries | ) www.businessinsider.com time to read: +4 min

In 2020, the Romero family moved into an underground bunker in the middle of the US. The Romero family transformed a nuclear bunker into their home. "We took all of our life savings — everything, basically our last penny and then some — and purchased the bunker," Romero said. The bunker was unfurnished, so the Romero family is now renovating the space into a home. The room the Romero family transformed into the primary bedroom.

Persons: Romero, —, Ruben Romero, I'm, TikTok Romero, Romero family's, There's, there's, it's, he's Organizations: Service, Newsweek, AT, Center, YouTube Locations: Niagara Falls , New York, Peachtree City , Georgia

☆ A boss who dumped 91,500 pennies on an ex-employee's driveway was ordered to pay $40,000
▼ + stars: | 2023-06-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

An autoshop owner has been ordered to pay almost $40,000 in back wages and damages. Miles Walker previously dumped 91,000 pennies on a former employee's driveway. The US government sued him for repeatedly failing to pay wages and illegal retaliation. He was sued by the US government for repeatedly failing to pay wages and illegal retaliation against an ex-worker, according to the lawsuit viewed by Insider. When Walker was contacted by the department, he said he wouldn't pay Flaten a penny.

Persons: Miles Walker, —, Andreas Flaten, Walker didn't, Walker, Flaten, Tremelle Howard Organizations: Service, Department of Labor, Labor Locations: Peachtree City , Georgia, Fayetteville , Georgia, Atlanta

☆ Lululemon stands by decision to fire employees who intervened in robbery
▼ + stars: | 2023-06-06 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +4 min

“It’s only merchandise.”McDonald said the employees “knowingly broke the policy” and engaged with the thieves, including following them out of the store. As economic fears grow amid inflation and rising borrowing costs, incidents of retail crime are mounting. Target (TGT) last month said it was bracing to lose half a billion dollars this year because of rising theft. “This is organized retail crime. “We’ve had instances, and we’ve seen in other retailers instances where employees step in and are hurt or worse, killed,” he told CNBC.

Persons: New York CNN — Lululemon’s, LULU, Calvin McDonald, “, ”, ” McDonald, Lululemon, Read Hayes, criminologist, they’ve, ” Lululemon, Nordstrom, Hayes, McDonald, “ We’ve, we’ve Organizations: New, New York CNN, “, CNBC, University of Florida, Prevention Research Council, Walmart, Target, “ Retailers, CNN, Employees, Dollar, Foods, Walgreens, National Retail Federation Locations: New York, Peachtree Corners , Georgia, Peachtree, Georgia, harm’s, San Francisco, Bethesda , Maryland

☆ Why Lululemon will fire employees if they try to stop thieves
▼ + stars: | 2023-06-02 | by ( Cadie Thompson | ) www.businessinsider.com time to read: +3 min

Lululemon has a zero-tolerance policy for employees engaging with thieves. Two former Lululemon employees said they were fired after calling police to report a robbery. Recently, two former Lululemon employees in Peachtree Corners, Georgia said they were fired from the retailer after calling the police to report a robbery. He also said that Lululemon employees are allowed to call the police. Like Lululemon, many retailers prohibit employees from engaging with thieves in order to keep the workers safe.

Persons: Lululemon, Calvin McDonald, —, McDonald Organizations: CNBC, Service, Employees, NBC News, National Retail Federation Locations: Peachtree Corners, Georgia

☆ Former Lululemon employees say they were fired after calling police to report a robbery
▼ + stars: | 2023-05-30 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Two former employees say they were fired for allegedly breaking store policy at a Lululemon store in Georgia. The women told local outlets they were fired two weeks after reporting a robbery to police. "We didn't really feel very protected or know what else to do," Rogers told local TV station 11Alive. Lululemon said in a later, expanded statement that the two employees weren't fired for calling the police. Update: May 30, 2023: This story has been updated with a new, expanded statement from Lululemon.

☆ Former Lululemon employees say they were fired for breaking store policy after calling police to report a robbery
▼ + stars: | 2023-05-27 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Two former employees say they were fired for allegedly breaking store policy at a Lululemon store in Georgia. The women told local outlets they were fired two weeks after reporting a robbery to police. "We didn't really feel very protected or know what else to do," Rogers told local TV station 11Alive. The former employees said they are working through how to deal with the sudden firing financially, and hope Lululemon considers changing the policy. Company policy shared with Insider further indicates the women were likely fired for recording and interacting with the robbers, rather than for calling the police.

☆ Amazon Prime signs on to stream professional pickleball tournaments
▼ + stars: | 2023-05-16 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

Amazon's Prime Video streaming platform announced on Tuesday it's signed a multiyear deal with the Professional Pickleball Association for global streaming rights to four live PPA Tour events per year, including the 2023-2024 PPA Tour World Championship Series. "When something has an explosion in growth, naturally it catches our eye," Charlie Neiman, head of sports partnerships at Amazon Prime Video, told CNBC. Connor Pardoe, CEO and cofounder of the Pro Pickleball Association, called the deal "monumental" for the burgeoning league. "We're always looking at content and making sure our offerings on Prime Video reflect our customers interests," he said. Earlier this month, the PPA Tour announced that ESPN will cover eight of the league's tournaments.

☆ Midtown Atlanta shooting: A military vet is in jail, his mother apologized, and hospital patients and staff are traumatized
▼ + stars: | 2023-05-04 | by ( Ryan Young Gary Tuchman Elizabeth Wolfe Sara Smart Holly Yan | Ryan Young | Gary Tuchman | ) edition.cnn.com time to read: +12 min

The suspect, Deion Duwane Patterson, 24, was armed when he was arrested Wednesday evening, Cobb County Police Chief Stuart VanHoozer said Thursday. “Just be careful.”A mother of two was killedAmy St. Pierre was killed in the Atlanta shooting, medical examiners confirmed. Generous supporter of worthy causes, she was the social conscience of our family.”The family of Amy St. Pierre, who was killed in the Midtown Atlanta shooting, said she was their pride and joy. On Friday, two of the victims were still in critical condition in the ICU, said Robert Jansen, chief medical officer at Grady Health System. They need help.”‘The impact … is something you can’t imagine’The rush of shooting victims who arrived at Grady Memorial Hospital is not uncommon, the chief medical officer said.

☆ Atlanta Police investigating an active shooter at a building in Midtown
▼ + stars: | 2023-05-03 | by ( Rebekah Riess | ) edition.cnn.com time to read: 1 min

CNN —The Atlanta Police Department tweeted Wednesday that it is investigating an active shooter incident inside a building in Midtown Atlanta. “Please shelter in place, or stay out of the area,” APD added. “We are working an active shooter situation inside a building on West Peachtree St, between 12th St and 13th St. We are aware of multiple people injured. No suspect is in custody,” the department added. This is a developing story and will be updated.

☆ Ralph Boston, Olympian Who Soared Into the Record Books, Dies at 83
▼ + stars: | 2023-05-01 | by ( Glenn Rifkin | ) www.nytimes.com time to read: +1 min

Ralph Boston, the Olympic long jump champion who, in August 1960, broke the track star Jesse Owens’s 25-year-old world record in the event, and a year later became the first jumper to break the 27-foot mark, died on Sunday at his home in Peachtree City, Ga., a suburb of Atlanta. Boston dominated the long jump through much of the 1960s by breaking or tying world records six more times over that span. A tall and sinewy Mississippian, he won a gold medal in the Rome Olympics in 1960, a silver medal in Tokyo in 1964 and a bronze in Mexico City in 1968. long jump title in 1960, when he was an emerging athlete at Tennessee State University (then known as the Tennessee Agricultural & Industrial State University). In August, he burst onto the national scene at a conditioning meet in Los Angeles that served as a final tuneup before the Rome Olympics.

☆ Bed Bath & Beyond just missed another debt payment. See the full list of stores it will close, including Harmon and Buybuy Baby locations.
▼ + stars: | 2023-02-02 | by ( Avery Hartmans | Dominick Reuter | ) www.businessinsider.com time to read: +20 min

In addition to 87 more Bed Bath & Beyond stores, the company now says it will close all of its remaining Harmon health and beauty stores, and five Buybuy Baby stores. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. Marina: 117 General Stilwell Drive117 General Stilwell Drive Vallejo: 105 Plaza Drive, Suite 107105 Plaza Drive, Suite 107 * Palm Desert: 72459 Highway 11172459 Highway 111 * Visalia: 3125 South Mooney Blvd. Arterial * Coralville: 2515 Corridor Way Suite 5Kansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd Place425 3rd Place * Olathe: 15335 W. 119th St.Kentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd.

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