Industrial Property Market in Macon Q2 2007
There were no significant changes relating to the industrial real estate inventory during the first quarter of 2007. The vacancies in the market remain stable at about 4,000,000 square feet with a 75% occupancy rate. Again, this vacancy was mainly attributed to large blocks of industrial space such as the 2,000,000 square foot Brown &…
Easy and Inexpensive Improvements to Increase Your Home’s Value
If you’re selling your home and want to get more buyers in the door, there are a few quick, easy and inexpensive things that you can do to make your home stand out from the competition. First, your curb appeal will decide if many buyers will want to see more. Look at your house from…
Macon Multi-family Market Update Q1 2009
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…
Common Mistakes Home Buyers Make and How to Avoid Them
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…
Lullwater East Commmercial Developement
Work has progressed well on our retail developments MarketPlace at Bass, Lullwater Village and Lullwater East here in Macon. At MarketPlace, the new McDonalds has opened and, judging from the crowds we are seeing there, is doing a great business at the corner of Bass Road and Bass Pro Blvd. We have heard many compliments…
On The Retail Track
At the risk of sounding cliché . . . . . . . with this ever changing real estate market and the impact of the subprime market fiasco, now more than ever the importance of LOCATION, LOCATION, LOCATION is quite evident!! National trends, specifically in the Southeast, are showing us retail property prices are beginning to…
Federal Programs for Timber Real Estate
If you are a landowner or in the market to buy land, there are Landowner Assistance programs that could be beneficial to you and your land. The programs offered by the USDA forest service are designed to help the private landowner protect, restore and sustain private forests. A few of the programs available are: Forest…
Multi-Family Property Management Outlook 2007
Fickling & Company’s Multi-Family Division has had an extraordinary year. Our apartment portfolio has doubled in size, and revenues are up by 55% over last year’s operating results. The Fourth Quarter has been particularly successful for the Fickling properties. We have consistently outperformed the market, with occupancies averaging 95% or greater. Market rents have also…
A Commercial Real Estate Lease Defined
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…