Business: ATL real estate 'bloodbath' coming?

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Looking to give back to the community? Visit DoGood.ajc.com today.  Log on to ajc.com from your mobile device and download the new ajc icon for Blackberry users. Lookheed seeks overseas buyers My Opinion Thomas Oliver: To heal, U.S. must stanch foreclosures. Kennesaw liquor permit killed by Facebook A Kennesaw restaurant had its license to serve alcohol revoked after pictures of underage drinkers were posted on Facebook, the popular social networking Internet site. Lockheed's global customers increasingly crucial Lockheed Martin Corp., which has a production plant in Marietta, is drawing more business from overseas. It already has enough orders for its C-130J cargo planes to stay busy for several years and is scheduled to ceremoniously hand over the first of four mammoth C-130J airplanes to Norway today. Metro gas prices hit two-year low The lowest price reported by the Web site was $1.79 at two northside Kroger stores, with gas going for under $1.90 a gallon at more than a dozen stations across metro Atlanta. Gasbuddy.com said Atlanta drivers are paying an average of $1.98 a gallon, down a couple of pennies from Tuesday's average. •Price of oil drops further | Money tips: 209 ways to save Buckhead facing real estate 'bloodbath?' The Urban Land Institute, a national organization of developers, presented its annual Emerging Trends in Real Estate Report Tuesday, and once again Atlanta is portrayed as overbuilt and not a particularly attractive place to invest. •$285M hotel/condo still planned Private Quarters Allyson and Mark Watson's Vinings home reflects their love of Adirondacks lodges. •Photos Stocks dip at open Wall Street is down for the third straight day amid increasing evidence that consumers are sharply cutting back on spending. Department store operator Macy's Inc. says it lost $44 million in the third quarter, while consumer electronics retailer Best Buy Co. says it is cutting its 2009 guidance on fears that consumer spending will erode even further. Pelosi supports aid for U.S. automakers House Speaker Nancy Pelosi says she is confident that lawmakers will consider "emergency and limited financial assistance" for the auto industry under the $700 billion bailout measure that passed Congress in October. She urged the outgoing Bush administration to support a compromise. •Paulson to give update today on financial bailout | Lobbyists want slice of bailout pie •Critics say fed's mortgage plan lacking $15 to check first AirTran bag The airline's new $15 first checked bag charge will go into effect for new bookings starting today for travel Dec. 5 or later. Those who bought tickets Nov. 11 or earlier will not be charged the new fee. •Fly to Europe for $650 Looking for an auto dealer? Look here first. www.ajccars.com The last word on schools! The NEW Ultimate Atlanta School Guide Order today at ajcstore.com Your Business News More on AJC AJC Home Business Insider Vents Traffic Business Page Markets Weather Lotteries CNN Private Quarters accessAtlanta Living Coke BellSouth ajccars Metro Delta Technobuddy ajcclassifieds Nation-World Ga. 100 Stocks Wage Finder ajchomefinder Opinion Home Depot Your Business ajcjobs Shopping UPS Your Money Mobile Sports Alerts Sports * Copyright © 2008, The Atlanta Journal-Constitution. This news, information and advertising message is brought to you by Atlanta Journal Constitution, 72 Marietta St., N. W., Atlanta,GA 30303. This information is for personal use only and is not available for redistribution. This email was sent to: fpac.rangola@blogger.com Please do not reply to this e-mail. If you wish to remove your e-mail address from future mailings, please visit the subscription center. Manage your profile by visiting our profile center. If you have a question or concern about AJC e-mail newsletters, please visit our customer care site: http://www.ajc.com/newsletters To receive the latest Atlanta News and Sports Get The Atlanta Journal-Constitution delivered! Subscribe Today!				Sponsored by