WOW! Have you been downtown lately? Great progress has been achieved in the revitalization of downtown Macon GA. In our initial coverage of the downtown area we will discuss the following: What is considered downtown? What are some of the recent important events that have happened? What are some of the planned important events? Why…
When I think of Peach County Georgia, I think of lazy hot summers, cold lemonade, front porch swings, and of course, peach cobbler. But Peach County, with all of its Southern Charm, is also a thriving community. From Fort Valley to Byron, Peach County is changing and growing. Peach County’s Chamber of Commerce and the…
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…
“Give an inch take a mile… I wouldn’t touch it with a ten foot pole… a miss is as good as a mile… he won’t budge an inch.” There are all kinds of metaphors for measurements and some are really confusing. Well, commercial office space measurement can be just as confusing. What I will try…
The second quarter of 2007 ended with total available inventory stable as predicted. However, the choices for products under 10,000 sf have increased. This is attributed to the addition of new development in the area as well as existing space being vacated. The preferred space seems to be Class A with 1000 sf of office…
Much has been accomplished since our last report. Lullwater at Saluda Pointe, our luxury apartment development in Lexington, South Carolina (a suburb of Columbia), has opened and has been leasing up at a very rapid pace. We have received certificates of occupancy on approximately 50% of the units and expect to be complete by the…
The first quarter of 2007 has been a busy one in the Commercial Development Department. At Lullwater at Saluda Pointe, our apartment development in the Columbia, South Carolina suburb of Lexington, we have opened the beautiful leasing office for business and the lease up process has begun in earnest. We expect our first residents to move…
Most people who want to invest in real estate start off with single family residential properties. They do this because they are more familiar with residential property, and the thought of owning commercial property is scary to the new investor. I know investors who own multiple single family residences. However, because of the high maintenance…
We just finished with the first quarter of the new year. Currently, land prices in Georgia are great for the buyer and the seller. With prices still rising, it is a great time to buy or sell in our market. Rural land prices are still going up in all counties and it does not seem…
Our Multifamily Portfolio has continued to grow and prosper in the First Quarter of 2007. Our Property Management team has been very busy creating strategic plans of action for three new apartment communities. Our newly added properties include an A+ development in South Carolina, a 22 year-old asset in Middle Georgia, and 212 units in North…
