Bibb County Apartment Market Update Q2 2009

    The Bibb County apartment market continued to be active in 2008 and the first quarter of 2009, albeit considerably slower than 2007.  The capital crunch caused lenders to adopt more stringent lending standards or stop completely making loans.  The loan to value dropped to 75-80% and actual NOI was used to arrive at the value…

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      Retail Real Estate Market Q4 2007

      Retailers and Industry continue to move into our area. Investors are looking intently at our region. There are numerous projects in the works. Why are we enjoying this prosperity? For one, the real estate dollar goes a long way in our area compared to other areas around our region. For another, Atlanta sprawl moves closer…

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        St. George Island Real Estate Market Part 1

        The Forgotten Coast, located in the Panhandle of Florida, stretches from Alligator Point (south of Tallahassee) westward to Mexico Beach.  The name was coined in the early nineties when a Florida tourism group “forgot” to include information about this area on their map.  This prompted a local group to create their own brochure and map…

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          Industrial Property Market in Macon Q3 2006

          The second quarter of 2006 ended with total available Industrial Property inventory up significantly, as predicted.  The official closing of the Brown & Williamson Tobacco plant added over 2 million square feet to the market, to bring the total vacant to over 4 million square feet. However, the high available inventory is primarily attributed to large…

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            What Is A Short Sale?

            A Short Sale occurs when a bank allows an owner to sell property at a price that is less than the owner owes the bank.  In other words, the sales price is “short” of what is owed. This creates what is called a deficiency balance.  That is, even though the property has been sold to…

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              Warner Robins Commercial Real Estate Market

              With nearly $18 million dollars worth of commercial building permits for the first quarter of 2008, Houston County keeps growing.  Highlights include the new Publix shopping center on the Perry Parkway and a new hotel on Fairview Drive in Perry. After more than a decade of planning the I-75 Frontage Road connecting Watson Boulevard and…

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