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…
As usual, Warner Robins continues to grow with new projects announced in the second quarter of 2007. A 232-unit apartment project is under construction on Leverette Road west of Hatcher Road. The Oasis Shopping Center on S. Houston Lake Road is nearing completion. Circuit City has begun construction at 2951 Watson between Hobby Lobby and…
The Greater Macon Chamber of Commerce and the Macon Economic Development Commission (MEDC) hosted their 155th Annual Meeting on Thursday, December 3rd at Middle Georgia State University. During the meeting Patty Burns, a broker with Fickling & Company, received the Ambassador of the Year Award. The Ambassadors Committee maintains and enhances a membership retention program…
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…
As the real estate market in this region continues to grow and boom, businesses — both major corporations and small start up companies — may begin to question whether they should lease or purchase property for their business to locate. The question is a valid one and the answer is simple – both! At some…
Baldwin County, Milledgeville GCSU opened 150,000 sq ft Library and Information Center GCSU opened another 300+ beds in a new residence hall to keep up with enrollment Barberitos and Velvet Elvis Restaurants opened downtown Pizza Hut, Wing Street, Long Johns Silver’s and A&W Rootbeer will open in December International House of Pancackes opened at the Super…
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…
Only when the tide goes out do you discover who’s been swimming naked. – Warren Buffett Open any newspaper or turn on any news channel and you will hear the same thing: The Real Estate market is doomed. Interest rates are beginning to rise while the numbers of new real estate buyers are shrinking. Not to…
In my articles in the past newsletters I have discussed topics such as office vacancies and occupancy, valuing properties and key commercial terms to name a few. Most of the time I come up with the different subjects from questions from my clients. So suffice to say that is the same with this article. When…
Tenant turnover periods can be stressful for both landlords and tenants, but they don’t have to be. When you put together an organized, automated, and well-documented process, you can expect to start and end the tenancy on a positive note. Remember that tenant communication is critical, especially when they’re moving into the property and preparing…
