We’re watching a lot of stories. Last week, Ingersoll Rand had hired Goldman Sachs to sell Club Car. The only response was could be coaxed out of their public relations department was, “I know you all stay very interested. There is nothing to share – we do not comment on rumor or speculation.” We will keep monitoring the potential Club Car sale.
Sunshine Bakery, a staple in downtown Augusta for decades, closed its doors. At this stage we can’t disclose exactly what is going to happen with the bakery, but we are confident that the sweet smell of baked goods will come out of their front door in the coming months.
Owners of the downtown Mellow Mushroom purchased another building on the 1100 block of Broad Street. We have not been able to confirm if the plans for that building include a new concept or a relocation of the existing Mellow Mushroom.
Thomson, Ga., Augusta’s neighbor to the northwest has seen some growth in recent weeks. News on both a new restaurant and a large retail store is forthcoming. It should be a few days before we can make an announcement on both new businesses.
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In local cyber news, IntelliGenesis acquired Cybati, a Illinois-based firm. IntelliGenesis works with the Clubhouse, the SANS Institute and DoE National Laboratories out of its Augusta location. Currently, they have an office in the Georgia Cyber Center as well as in Maryland.
After a crazy week, GameStop’s stock has pretty much stabilized. The stock, which was inflated by Reddit traders, went as high as $347.51 per share, as we reported previously. As of the close of trading Friday, the stock was back down to $63.08 and is expected to go even lower. Understandably, investors are nervous about what stock could be targeted next. The federal government is also looking into regulation options to prevent hectic trading like this from occurring again.
Real estate designations matter, but people don’t often understand why. A lot of different designations exist, and they all mean something different. It can get complicated as oftentimes it looks like the alphabet behind a Realtors name. Designations can tell you what the Realtor specializes in and what specific training they have. Training in specialized fields such as property management and commercial real estate sales are especially important. For example, a press release announced last week that Amanda Price of Sherman & Hemstreet Real Estate Co., received the “Accredited Residential Manager” designation from the Institute of Real Estate Management. According to www.IREM.org, Ms. Price is one of only two ARM’s in the CSRA. The second is Connie Wilson, CFO for The Augusta Press, who is also the managing broker of Sherman & Hemstreet Real Estate Co.
Joe Edge is the Publisher for The Augusta Press. Reach him at joe.edge@theaugustapress.com
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