As we get to the end of another year, it is time to reflect on what happened in the office real estate market in 2006 and what we can look forward to in 2007. In looking back over the past year the Macon and Middle Georgia office market is not unlike the national office market….
When you decide to work with a professional Macon property management company, you have a better chance of earning more on your investment. You can also count on saving yourself time, money, and headaches. If you’re wondering what to look for in a good property manager, we suggest you look for a few important things,…
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…
New Year’s resolution – noun: a promise to do something differently in the new year Dennis Buttimer, M.Ed., CEAP, RYT, a facilitator at Thomas F. Chapman FamilyCancer Wellness at Piedmont says, “The New Year offers a blank slate — anopportunity to get things right. When we set New Year’s resolutions, we are utilizinga very important…
Is it a good time to purchase multi-family property? Some of the current market conditions indicate that 2008 could be a year of opportunity for investors in multi-family properties. Let’s review some of the favorable conditions for the apartment market. A review of three factors, demands for apartments, supply of apartments and the financial…
In the previous Land and Timber articles of 2007, we covered a variety of topics focused on helping land owners make decisions that would be beneficial in their pursuit of selling their property. The past few years have been great indicators as to what the market would yield for landowners in 2007. The state of…
Bank Owned . . . sound familiar? In today’s world of commercial real estate, most of us are now all too familiar with such terms as “REO” (Real Estate Owned) or “OREO” (Other Real Estate Owned) or “CREO” (Commercial Real Estate Owned). It is far more normal in the current market to see bank owned…
The Bibb County apartment market continued to be active in 2008, 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. The demand for apartment complexes, especially…
Buy or sell? List my property or keep it off the market until the market turns around? Engage the expertise of a seasoned commercial real estate broker or try to handle myself? These are all questions commercial real estate investors are faced with on a daily basis. One thing I think we are all keenly…
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…
