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?”,…
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…
Not everyone embraces change. It can be stressful, and if that change involves your rental property, things can really seem overwhelming. Don’t be afraid of change if your management company isn’t working for you, however. If you aren’t getting the service you need and expect, you should absolutely look for a new property management partner….
As the summer sun blazes and temperatures soar, finding ways to stay cool becomes a top priority. While escaping to air-conditioned indoors might seem like the best option, plenty of outdoor activities can help you beat the heat while still enjoying the beautiful weather. From water-based adventures to shaded retreats and evening excursions, here are…
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…
If you live anywhere in the South, you know the end of July is the start of the real heat. Without a pool or beach, it can feel like you are stuck indoors to stay cool. Luckily, if you live in or near Macon, there are many ways to get you and the family out…
Every January, we all get caught up in the hype of New Year’s resolutions. We’re going to lose weight, save money, or finally get around to organizing that messy garage. But what about resolutions tied to real estate? Whether you’re dreaming of buying your first home, selling your current one, or diving into investment properties,…
In 2008, the average occupancy for Central Georgia was 89.5%, a 1% improvement over the prior year’s results. The markets experiencing the greatest increase in 2008 over 2007 were East Macon at 5%, Milledgeville at 5.5% and Warner Robins at 2%. The markets experiencing the greatest year-over-year downturn were Downtown Macon at 3% and North…
Macon’s newest Starbucks Coffee opened in Lullwater East on Bass Road in September, serving their delicious coffee drinks to great crowds. It is a beautiful store and complements our shopping center very nicely. I would invite you to stop in, if you have not already. The Starbucks Coffee associates are always friendly and, if asked,…
Buying a piece of land and building on it is an exciting journey, but it comes with its own set of challenges. Whether you’re dreaming of a custom home or starting a new project, here are some simple tips to help you along the way. 1. Do Your Homework Before you buy, take time to…
