As I wrote in my previous article, 2006 was the year of the private investor. Will 2007 be another year for the private investor? Equity funds and institutions have recently surpassed investments from private investors. This trend is unlikely to slow anytime soon since pension funds still report a great deal of pent-up investment demand. But…
Shoppers, get ready for new stores and restaurants as the first large north Macon/Bibb County retail project, also the area’s first major lifestyle shopping center, prepares to open in a few short weeks. Located on Riverside Drive, just east of its intersection with I-75, The Shoppes at River Crossing plans to open this Spring with…
Macon, Georgia, is a hidden gem when it comes to music history. It’s the kind of place where musical legends were born and raised, and where the history of their impact in music lives on. Everywhere you look there is a story or a place that made significant impacts in music. We’re going to look…
There’s something special about waking up here. Whether it’s the sweet scent of magnolia in the air, the sound of cicadas buzzing through the pines, or the promise of a peach-filled treat later in the day, life here moves at its own rhythm—equal parts charm and hustle. From the soulful hum of local music to…
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…
The restructuring of the property management department has proven to be successful. New policies and procedures have been introduced and owners have noticed our proactive approach rather than reactive approach. The tenants are finding that the response time to maintenance calls has been cut in half. The daily operations of the management department run more…
The holiday season is here in Middle Georgia! Macon, Warner Robins, and Milledgeville are lighting up December with festive parades, sparkling displays, Christmas markets, and family-friendly fun. Whether you’re out with friends or enjoying magical moments with the kids, these cities are full of holiday cheer. Macon, GA Macon, GA is full of holiday energy…
The real estate industry has recently learned of a fraud tactic being used against its customers involved in home purchases. The criminals involved in the fraud cases are using the compromised email accounts of Realtors, title company agents, and loan officers to have customers divert closing money to an account controlled by the criminals, as…
Fickling & Co., Inc. is pleased to announce our newest multifamily acquisition, Fieldstone Apartments. Fieldstone is located in Mebane, North Carolina, a second-tier market centrally located between Raleigh/Durham and Greensboro, North Carolina. Fickling and its joint venture partner out of New York closed on the property on June 19, 2007. Fieldstone, our new community, consists…
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…
