What Is A Short Sale?

    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…

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      Retail Real Estate Market Q4 2007

      Retailers and Industry continue to move into our area. Investors are looking intently at our region. There are numerous projects in the works. Why are we enjoying this prosperity? For one, the real estate dollar goes a long way in our area compared to other areas around our region. For another, Atlanta sprawl moves closer…

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        Industrial Property Market in Macon Q2 2007

        There were no significant changes relating to the industrial real estate inventory during the first quarter of 2007.  The vacancies in the market remain stable at about 4,000,000 square feet with a 75% occupancy rate.  Again, this vacancy was mainly attributed to large blocks of industrial space such as the 2,000,000 square foot Brown &…

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          Downtown Macon Georgia Revitalization

          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…

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