Fickling & Company Realtors

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…

In the twenty-seven some odd years I have been in the commercial real estate business, I have been asked quite frequently how we, in our profession, value property.  Things like “How do you value a piece of commercial property?”, “What do you think my property is worth?”, “How do I go about purchasing commercial property?”,…

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…

Warehouse/industrial Market activity slowed in the 4th quarter of 2008, however the year ended with stabilized occupancy at 73%, basically unchanged from 2007. Occupancy in 2009 is expected to decrease. The construction industry is cutting back on occupied space as the cautious business climate and lack of financing continue to exert a negative influence in…

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…

It’s that time of the year when the real estate community is busy wrapping up loose ends, dotting the I’s and crossing the T’s in an effort to get those last deals finalized and closed before year end. As we move to the close of 2006 it behooves us to reflect on the factors that…

Fickling & Company’s Multifamily Division had an outstanding 2007.  Total Revenue increased by an average of 9% over 2006 operating results.  Overall occupancy increased by an average of 5%.  Our success was largely due to hiring and training highly professional and knowledgeable employees, effectively raising rents as availability dictated, closely monitoring expenses, maintaining a strong…

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…