ToodooBuckhead.com: John Howard » Real Estate http://www.toodoobuckhead.com/john Johns Blog - Part of the TooDooBuckhead.com Entertainment Network Tue, 23 Feb 2010 15:20:11 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Another Georgia Bank Failure http://www.toodoobuckhead.com/john/127/another-georgia-bank-failure/ http://www.toodoobuckhead.com/john/127/another-georgia-bank-failure/#comments Sat, 19 Dec 2009 16:34:40 +0000 John http://www.toodoobuckhead.com/john/?p=127 I am beginning to feel like the FDIC is closing a Georgia bank every week.  We lost another one yesterday.  On Friday, regulators took over Sandy Springs based RockBridge Commercial Bank making it the 25th bank failure this year.  Luckily there is only one more Friday (which is usually takeover day) this year so hopefully this will be the last one bank failure.  Defaulting real estate borrowers appears to be the culprit yet again.  Let’s hope that 2010 is a much better year for the Atlanta and Georgia banks.

]]> http://www.toodoobuckhead.com/john/127/another-georgia-bank-failure/feed/ 0 Even More Bad News http://www.toodoobuckhead.com/john/77/even-more-bad-news/ http://www.toodoobuckhead.com/john/77/even-more-bad-news/#comments Thu, 08 Oct 2009 12:58:53 +0000 John http://www.toodoobuckhead.com/john/?p=77 Sorry for the back to back postings of bad news but unfortunately the recession keeps rearing its ugly head by bringing down another Buckhead restaurant.  A fixture in the heart of Buckhead near the intersection of Peachtree Road and Pharr Road directly adjacent to the Cheesecake Factory, the ESPN Zone was a great place for fun and to watch a game.  It was one of the first sports themed restaurants to offer such unique items as individual sound for game at each table and an assortment of fine leather chairs for VIP viewing areas.

Unfortunately, the cost of operating the restaurant in this economic environment proved to be too much for the Disney owned and operated venture and they closed it down last week.  Approximately, 140 people lost their jobs.  On the bright side it opens up a prime piece of real estate for another restaurant for the area so stay tuned.

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