Macon is a beautiful city with endless opportunities of things to do. Whether you are an active outdoors man, a stay-at-home type, or a night life seeker you will be sure to find something in or around town that best suits your interests! If you are looking to move to Macon and are not sure…
In my articles in the past newsletters I have discussed topics such as office vacancies and occupancy, valuing properties and key commercial terms to name a few. Most of the time I come up with the different subjects from questions from my clients. So suffice to say that is the same with this article. When…
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,…
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…
The Forgotten Coast, located in the Panhandle of Florida, stretches from Alligator Point (south of Tallahassee) westward to Mexico Beach. The name was coined in the early nineties when a Florida tourism group “forgot” to include information about this area on their map. This prompted a local group to create their own brochure and map…
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…
The experience of buying bank owned assets may vary for many investors. For some, it can be a very rewarding process yet for others, somewhat frustrating. The trick is understanding and establishing a process that works for you. Below are a few tips that may be helpful to you while navigating the ever shifting landscape of…
A 1031 Tax Exchange allows you to defer taxes on the sale of a property. It will allow you to have more money to invest in another real estate transaction. You are actually using the money from the sale toward a purchase instead of paying it to the government in taxes. This relates to a…
As predicted, the Bibb County Industrial Market experienced a substantial vacancy increase in 2006 with the 2.2 million square foot Brown & Williamson Plant officially being added to the existing vacancy inventory of more than 2 million square feet of space. Total Industrial space in the Bibb County market increased to 16 million square feet in…
In this video financial expert, Jill Schlesinger shares how critical it is for homes entering the market to be priced appropriately in order to build adequate interest. The first three weeks of a home’s entrance on the market are the most critical for creating interest and attracting buyers, and buyers often dismiss a listing that is…
