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Orangetheory fitness to open Roswell studio

Orangetheory fitness to open Roswell studio

ROSWELL, Ga. -- Orangetheory Fitness will open several more studios in metro Atlanta this year.

The group exercise concept will debut its seventh Atlanta-area location in Roswell next month. The new Orangetheory will be located in the Roswell Crossing shopping center on West Crossville Road.

"We know this community will embrace this new fitness concept. Roswell has strong community support and pride," Cindy Hirsch, co-owner of the new studio, said in a release. Cindy and her husband Gary plan to open another Orangetheory studio in Suwanee in the fall. Other locations scheduled to open later this summer include Alpharetta and Druid Hills.

Orangetheory Fitness members engage in high-intensity cardio and strength training sessions. According to the company, each workout burns between 500 and 900 calories, and results in a metabolic increase that continues to burn calories for up to 36 hours.

Jesse Walton Jr. receives promotion at Morgan Stanley Wealth Management

Jesse Walton Jr. receives promotion at Morgan Stanley Wealth Management

ALPHARETTA, Ga. -- Morgan Stanley announced that Mr. Jesse Walton Jr. has been promoted to Vice President, Financial Advisor, CFP® CIMA®, in the firm’s Wealth Management office in Alpharetta.

Walton, who has been with Morgan Stanley Wealth Management since 2000, is a native of Decatur, Ga.  He holds a Bachelor’s in International Business degree from Howard University. Jesse currently lives in Marietta with his wife, Angela and son, Bryce.

Morgan Stanley Wealth Management, a global leader, provides access to a wide range of products and services to individuals, businesses and institutions, including brokerage and investment advisory services, financial and wealth planning, banking services, annuities and insurance, retirement and trust services. For further information about Morgan Stanley, please visit www.morganstanley.com.

Compass Real Estate Fund III LLC completes first closing

Compass Real Estate Fund III LLC completes first closing

ROSWELL, Ga. -- Compass Real Estate Fund III LLC (“Compass Fund III”), the third private equity real estate investment fund formed by Compass Real Estate (“Compass”), had its first closing in December 2013. The closing enables the fund managers to begin deploying capital from this fund immediately.

“We have a proven track record of providing co-investment equity for commercial real estate acquisitions, developments and recapitalizations in major markets throughout the United States,” said Robert (“Bob”) F. Godard, founder and chief executive officer of Compass, and the managing member of Compass Fund III. “Our third fund allows Compass to continue our transition from being a successful sponsor to being a source of capital for other successful sponsors. We look forward to finding the right opportunities for our investment capital and to forming long-term partnerships with great sponsors.”

Verizon Wireless to hire more than 400 in Georgia

Verizon Wireless to hire more than 400 in Georgia


ALPHARETTA, Ga. -- Verizon Wireless has announced plans to hire more than 400 new employees throughout Georgia.

Officials say the company is hiring workers for more than 200 positions at call centers in Alpharetta and Milton. Aside from customer service, the company is also planning to fill network and information technology positions.

Verizon is also hiring for mostly retail positions in the Albany, Augusta, Macon and Savannah areas.

Officials said the company already employs more than 4,500 people in the state, and interested candidates may apply for positions online.


Jim Hansberger named to Barron’s Top 1,200 Financial Advisors

Jim Hansberger named to Barron’s Top 1,200 Financial Advisors

ATLANTA -- Morgan Stanley announced today that Jim Hansberger, Managing Director, Financial Advisor, in the Firm’s Atlanta Wealth Management office, has been named to Barron’s list of America’s Top 1,200 Advisors: 2014 State-by-State.

The “Barron’s Top 1,200 Advisors” is a select group of individuals who are screened on a number of criteria. Among factors the survey takes into consideration are assets under management, revenue produced for the Firm and quality of service provided to clients.

“I am extremely proud that Jim Hansberger is representing Morgan Stanley Wealth Management on this list,” commented Michael Outlaw, Branch Manager of Morgan Stanley’s Atlanta office. “This listing recognizes an elite group of financial professionals who are dedicated to providing clients with exceptional wealth management services.”

Ron Hart named to Barron’s Top 1,200 Financial Advisors

Ron Hart named to Barron’s Top 1,200 Financial Advisors

ATLANTA -- Morgan Stanley announced today that Ron Hart, Managing Director, Financial Advisor, in the Firm’s Atlanta Wealth Management office, has been named to Barron’s list of America’s Top 1,200 Advisors: 2014 State-by-State.

The “Barron’s Top 1,200 Advisors” is a select group of individuals who are screened on a number of criteria. Among factors the survey takes into consideration are assets under management, revenue produced for the Firm and quality of service provided to clients.

“I am extremely proud that Ron Hart is representing Morgan Stanley Wealth Management on this list,” commented Michael Outlaw, Branch Manager of Morgan Stanley’s Atlanta office. “This listing recognizes an elite group of financial professionals who are dedicated to providing clients with exceptional wealth management services.”

RadioShack to close 1,100 stores

(USA TODAY) -- After reporting dismal fourth-quarter earnings, RadioShack said Tuesday that it would close about 1,100 poorly performing stores, roughly 20% of the electronic retailer's locations.

The store closings will leave about 4,000 locations in the U.S. The company has been struggling to revamp its stores for the past year.

Total net sales and operating revenues were $935.4 million in the fourth quarter, vs. $1,171.4 million last year, a 20% decline. Comparable store sales were down 19%, which the company blames on poor performance in its mobile phone business.

RadioShack stock was down more than 20% in premarket trading.

"Even in this environment, we're continuing to make progress on the five pillars of our turnaround plan: repositioning the brand, revamping the product assortment, reinvigorating the stores, operational efficiency and financial flexibility," CEO Joseph C. Magnacca said in a statement.