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…
Fickling Management Services is pleased to announce several reassignments in its multifamily property management business sector. Those assignments include: Mr. Jason Girvin to Vice President, Multifamily Property Management Ms. Michelle Fischer to Director of Operations, Multifamily Property Management Ms. Macia Hamirani to Director of Training and Compliance, Multifamily Property Management According to Bob McMahon, President…
We are currently seeking a motivated Sales & Marketing Support Associate in our Macon, Georgia corporate office. This is an excellent opportunity for someone who would like to build a successful career in commercial real estate. Description Working under the supervision of the Broker and the Senior Vice President the Sales & Marketing Support Associate lends…
The holiday season is just around the corner, and there’s no better time to start prepping your home for the festivities. With some planning and thoughtful touches, you can create a warm and inviting atmosphere that will make your guests feel welcome, and your family feel the holiday spirit. Here’s a guide to help you…
In the late seventies, General Motors introduced a revolutionary electric vehicle designed to address high oil prices and long gas lines. Unfortunately, battery system problems prompted GM to abruptly scrap the program. GM bought back vehicles from customers, cleared dealer lots and ran the fleet through the crusher. Thus ended the immediate promise of alternative…
It could not be any truer today than ever, “YOU MAKE MONEY WHEN YOU BUY”. Buying foreclosed commercial real estate can be a very rewarding opportunity for your future. There are some things to be considered and to be cautious about. When buying a foreclosed commercial property, whether it is land, bulk lots, retail or office building or…
Mark-to-Market Accounting is assigning a value to a financial instrument or asset, based on current market price or the fair-value of the asset. The term originated with futures trading a century ago. When taking a position, a trader, would deposit money on the margin to protect the Exchange against loss. At the end of the…
Spring is on the way — you can feel it in the air. And like the coming of spring you can feel the underlying buzz of activity and excitement in Peach County. We are currently working with several business owners who are focused on the Byron/Fort Valley area. They are intrigued by the Fort Valley…
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…
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…
