Saturday, July 20, 2013

Downtown Atlanta Building Gets Funding for Energy Efficient Upgrades

Walton Building, Downtown Atlanta, GA

ATLANTA (July 18, 2013) –  The Invest Atlanta board approved Thursday $1.26 million in Westside Tax Allocation District (TAD) tax increment funding for energy-efficient upgrades at The Walton Building, which is being redeveloped into a 110-room hotel.

President Barack Obama
The nine-story building, currently operating as a residential hotel and located in the Fairlie-Poplar Historic District, will participate in the Atlanta Better Buildings Challenge, launched in 2011 as part of a national initiative by President Barack Obama to make the nation’s commercial buildings 20 percent more energy efficient by 2020.

The Walton Building is one of four Westside TAD properties selected by Invest Atlanta to receive an energy audit, and its owners are the first to seek funding for upgrades under this new initiative.

Mayor Kasim Reed
 “Creating a more sustainable city is a top priority of my Administration, and we are pleased to support commercial property developers who are committed to making their buildings as energy efficient as possible,” said Mayor Kasim Reed, who chairs the Invest Atlanta board.

“The Atlanta Better Buildings Challenge has ambitious goals, and investing in these upgrades is a vital part of how we can successfully reduce water and energy consumption.”

The TAD funds will pay for part of a $3.1 million energy-efficiency project that includes window replacement and insulation, high-efficiency heating and air conditioning, lighting with occupancy sensors and laundry water recycling.

For a complete copy of the company’s news release, please contact:

Tony Wilbert
The Wilbert Group

Cousins Properties Declares Third Quarter Common and Preferred Stock Dividends

ATLANTA, GA -- Cousins Properties Incorporated (NYSE: CUZ) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.045 per common share, payable August 26, 2013, to common stockholders of record on August 9, 2013.

 The $0.045 per share quarterly dividend equates to $0.18 on an annualized basis.

The Board of Directors has also declared a regular quarterly cash dividend on its Series B Cumulative Redeemable Preferred Stock.

The dividend of $0.46875 per share, or $1.875 on an annualized basis, is payable August 15, 2013, to Series B preferred stockholders of record on August 1, 2013.

For a complete copy of the company’s news release, please contact:

Cousins Properties Incorporated
Cameron Golden, 404-407-1984
Vice President of Investor Relations and Corporate Communications