Buying a house might seem like something you do later in life—but getting into the market while you’re young can actually be a major win. Sure, it’s a big step, but with a little planning and the right mindset, homeownership in your 20s or early 30s can set you up for long-term success. Start Building…
I’m sure a lot of people would like to know what a Subprime Mortgage is and what exactly happened last Summer that resulted in the Subprime Mortgage meltdown. I think it is important to understand what events occurred that got us in this Credit crisis and how it has spilled over into commercial real estate. It…
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…
Middle Georgia is full of charm, culture, and—thankfully—great coffee. Whether you’re a student cramming for finals, a remote worker looking for a cozy spot, or just someone who enjoys a quality latte, the coffee scenes in Macon, Warner Robins, and Milledgeville offer plenty of options. Here’s a guide to some of the best coffee shops…
Change is coming, but the Hospitality Lodging Industry’s immediate future still looks bright. Lodging Outlook for 2008 Stressing that they foresee no recession in the immediate future, analysts at PFK Hospitality Research have taken a swing at what such a trough would look like, should the views of the industry pessimists prove correct. At first…
As you all know, the commercial real estate business has experienced tough times. Financing to purchase a commercial investment has been very difficult or nonexistent. Recently, we interviewed several Middle Georgia banks offering commercial financing. The rules of the game have not really changed, they have just been enforced. You may remember what you did…
Hosting Thanksgiving doesn’t have to be stressful. With a little planning and a relaxed approach, you can create a cozy, welcoming celebration that everyone will enjoy—including you! Here are some tips for a laid-back Thanksgiving that keeps things festive and fun: 1. Keep the Menu Simple There’s no need to go overboard. Focus on a…
In our last article, we stated that we thought the housing market would continue to slump until mid-year and then start to stabilize. We may have been too optimistic. We now believe the housing slump will continue through year end and start to stabilize in early 2008. Some of the statistics that influenced our prediction…
Whew!! 2007 – “That Was The Year That Was”. That statement, the modified title of a 1970’s TV series, poignantly describes our past year in the world of Commercial Real Estate. We saw a lot: frenzied buying, unbelievably low cap rates, non-recourse money, a lot of mezz debt and equity, 100% financing and THEN almost…
During 2007, the warehouse/industrial market was very active as well as the other commercial categories. The 2008 commercial real estate market, as other service categories, will be difficult to predict. There are just two many unstable variables that could swing it in either direction. In 2007, the Bibb County industrial market remained basically unchanged from…
