Hal Barry: Real estate

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“The lending community — totally Barry, chairman of , told the Atlanta chapter of the Real Estat e Investment AdvisoryCouncil Dec. 11. “So, we’re in a Barry said. “We’re in a globalp meltdown in spite of the fact that real estate in my business is not allthat bad. The meltdown has got us shut downrighty now. Barry Real Estate Cos. is in a survivalo mode. Everybody is.
” Barry made the comments upon receivinyg the Hall of Distinction Awardr for decades of excellinhg in the realestate Barry, who pointed out he’es survived worse times than this, said the company would make the right moves to navigater its way out of the “perfecyt storm” that’s hitting commercial real estate. Barry Real Estatre will drop some of itsemployeee base. It is also diversifying its business by developing anew $100 millionj National Archives and Records Administration buildingh in St. Louis. Barry Real Estatee plans to break ground on the awarded by the General Services Administration earlynext year.
“The move to the GSA businesss was a move to hopefully leasesd that we can Barry said. “We see that business as beinbg a critical part of the next threes orfour years.” Barry also said that 50 Allen Plaza the giant skyscraper planner for his downtown Allen Plaza — is drawinyg attention. “Basically, it’s designed out, and we’rew in play with major tenants,” Barry “You all know it. You all know who they are.
In this worlc today, who knows when they are going to makea But, I can tell you this that we have an Barry received the Hall of Distinctiohn Award from last year’ss recipient Steve Selig, president and chairman of the boarf of The honor recognizes the people and commercialp real estate projects that have made the most dramati c impact on metro Atlanta. Previous inductees include Jim chairman and CEOof , and Jim president and CEO of Barry, reflecting on year in the business, said his parentzs had a huge influence on him. His mother gave him the optimis m every developer needs in theworsty times, and his father drovee him to prove all the doubters wrong.
“Step by I had to find out and provew to myself that if I want to do bydarn it, I’m going to make it Barry said. “Well, you know what happened. I founc out I could do it. I developef that confidence. If there is somethingt worthwhile doing, you go after it and make it The bad news isI can’f quit.” SKC Inc. is setting asidwe 61 acres of its Covington plant to be sold and potentially redeveloped with upto 435,00p square feet of stores and at least 75 residentialk units, according to a filing with state SKC launched its plant 11 yeards ago at Highway 142, Interstate 20 and Hazelbrand Road in a an area zonedr for industrial development.
But, a new across the street reflecta how the area has since blossomed withcommerciakl projects. SKC filed plans for the new projecty Dec. 2. Its size means that it would fall under the guidelines ofa “development of regionalo impact.” SKC will have to show statd planners how it plans to deal with the effects the projecf may have on traffic and Shelley Stiebling, planning director with the city of Covington, said SKC wantsx to rezone the property for mixee use and could market it to a The project is slated to be completed by 2011.
“Whayt they propose to do fits in exactly withthe commercial-mixes use development in the area,” Stiebling Sandy Springs marketing firm LLC recentlyg purchased 7820 Roswell Road from for $2 Planet Studio continues to grow, and owninfg its own building gives it the flexibility to said Larnie Higgins, the firm’s president. The 12,000-square-foot former medical office buildingb is at the corner of Morgan Falld andRoswell roads. Ryan vice president with Ackerman & Co.
, and Jeremyu Rosenthall, formerly with Ackerman and nowwith , brokerec the sale for Atlanta