News
Gellerstedt More Positive on ATL
April 23, 2013
In case youre just getting back from Spring Break, we have a little event tomorrow called the 4th Annual Atlanta State of Market (tickets here). One of our panelists is Cousins Properties CEO Larry Gellerstedt, who has had a thing or two to say about Atlanta in the past. Today, Cousins is still focused on other markets--the $165M recently raised by the company is being used to buy 816 Congress in Austin and to buy some preferred shares. But Tom tells us theres a light finally in Atlantas economy. Atlanta is recovering, as seen by job growth numbers as well as office absorption, he says. Atlanta is earlier in its recovery than our Texas markets, but were positive about the direction and performance of the region.
