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?”,…
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….
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…
State law prohibits a broker from representing a buyer as a client without first entering into a written agreement with the buyer under O.C.G.A. 10-6A-1 Understanding what the statement means An exclusive agreement means that the buyer agrees to hire the broker to act as the buyer’s exclusive real estate agent in order to assist…
Whether you have or have not rented commercial space, there are several things you need to know. One, there is no standard lease agreement for all commercial properties. Typically, office, retail, and industrial properties have different leases and while there are some similarities they are also vastly different. Two, a commercial lease is a binding…
Macon, Georgia offers a mix of Southern charm, natural beauty, and outdoor adventure, making it an ideal destination for anyone looking to enjoy time outside. Whether you’re a local or visiting the area, there are plenty of activities that take advantage of the region’s mild climate and scenic landscapes. Here are some of the best…
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…
Buying a home is an exciting adventure, but it can also be a bit overwhelming. It’s easy to make mistakes along the way, but with some foresight, you can avoid the most common ones. Here’s a relaxed guide to help you navigate the process smoothly. Not Getting Pre-Approved for a Mortgage One of the first…
Shoppers, get ready for new stores and restaurants as the first large north Macon/Bibb County retail project, also the area’s first major lifestyle shopping center, prepares to open in a few short weeks. Located on Riverside Drive, just east of its intersection with I-75, The Shoppes at River Crossing plans to open this Spring with…
The media has reported that 2016 is shaping up to be a seller’s market. Whether you are looking to buy or sell a home many industry terms can be quite confusing. Let’s explore the terms buyer’s and seller’s markets. The type of market is defined by the amount of available inventory. Therefore, if a market…
