News
LOCAL BANKS STUNT GROWTH
November 1, 2012
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| "I wouldn't say we're headed for another recession, but you scratch your head about Atlanta and ask how come Atlanta just hasn't taken off like these other markets." That's from Seefried Properties CEO Rob Rakusin, whom we caught up with ahead of our 3rd Annual Atlanta Industrial Summit. Our event is Nov. 14 at the Grand Hyatt Atlanta in Buckhead (tickets available here). Rob does have a theory as to why Atlanta lags (aside from housing and a lack of job growth): banks. "Our banks have probably taken more of a beating than other markets," he says. "And really, they've restricted a lot of the growth impetus in the city." | ||
