Bibb County Apartment Market Update Q2 2009

    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…

    Read More

      Commercial Real Estate Forecast 2008

      Whew!!  2007 – “That Was The Year That Was”.  That statement, the modified title of a 1970’s TV series, poignantly describes our past year in the world of Commercial Real Estate.  We saw a lot: frenzied buying, unbelievably low cap rates, non-recourse money, a lot of mezz debt and equity, 100% financing and THEN almost…

      Read More

        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 &…

        Read More

          Hospitality Real Estate Forecast 2008

          Change is coming, but the Hospitality Lodging Industry’s immediate future still looks bright. Lodging Outlook for 2008 Stressing that they foresee no recession in the immediate future, analysts at PFK Hospitality Research have taken a swing at what such a trough would look like, should the views of the industry pessimists prove correct. At first…

          Read More