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…

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      Multi-family Real Estate Market Q3 2007

      In our last article, we stated that we thought the housing market would continue to slump until mid-year and then start to stabilize.  We may have been too optimistic.  We now believe the housing slump will continue through year end and start to stabilize in early 2008.  Some of the statistics that influenced our prediction…

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        Macon Industrial Real Estate Market Forecast 2009

        Warehouse/industrial Market activity slowed in the 4th quarter of 2008, however the year ended with stabilized occupancy at 73%, basically unchanged from 2007. Occupancy in 2009 is expected to decrease. The construction industry is cutting back on occupied space as the cautious business climate and lack of financing continue to exert a negative influence in…

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          Multi-family Real Estate Market Q4 2007

          In our last article, we stated that we thought the housing market slump would continue through year end and start to stabilize in early 2008.  Unfortunately, there has not been any news that changes our belief.  Some of the recent statistics indicate that we may still be too optimistic. The Commerce Department reported on August 16…

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            Downtown Macon Georgia Revitalization

            WOW!  Have you been downtown lately?  Great progress has been achieved in the revitalization of downtown Macon GA.  In our initial coverage of the downtown area we will discuss the following: What is considered downtown? What are some of the recent important events that have happened? What are some of the planned important events? Why…

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