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?”,…
Immediate responses are required when your tenant reports a maintenance issue or requests a repair at your rental property. Habitability issues are especially critical and require prompt attention. However, even minor repairs can save you money and keep your property better maintained. Repair needs never get easier or cheaper with time. One of the benefits…
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…
I’m sure a lot of people would like to know what a Subprime Mortgage is and what exactly happened last Summer that resulted in the Subprime Mortgage meltdown. I think it is important to understand what events occurred that got us in this Credit crisis and how it has spilled over into commercial real estate. It…
The National Multi-family Market was stronger in 2006 than it has been in the past few years. Owners were able to increase rates while decreasing the amount of concessions given to new tenants. Occupancy rates in many markets, increased as the supply of apartments were constrained due to the conversion of apartments into condominiums. Also,…
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…
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…
Looking back at the remarkable year we’ve just enjoyed in Middle Georgia’s retail real estate market and ahead to 2007, I am going to make some projections. I have always said that key to the economy’s remaining positive is Consumer Spending. Everything I’ve read shows Consumer Spending slowing, but continuing in a positive vein for 2007….
Carlton Ridge South is a newer development and features affordable new construction in Warner Robins / Houston County Georgia. Prices seem to be starting in the upper $100’s range. Carlton Ridge South is located off Feagin Mill Rd. close to highway 41. See all homes for sale in Carlton Ridge South : http://www.fickling.com/subdivisions/carlton-ridge.html
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…
