What do foreign investors have to do with local CRE?

investorBy Blake Thomas, Associate Broker

Did you know that in 2013, institutional and private investors “accounted for about half of the $6.4 billion total sales volume” for the U.S.?  In this article, properly titled, Private and institutional investors made up half of commercial real estate sales, the author shows how these investors are changing up the market. While a large number of these investors were from foreign countries, real estate investment is becoming an increasingly global business.

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Forbes’ Commercial Real Estate Forecast: Is it looking bright?

construction-hand-shakeBy Blake Thomas, Associate Broker

Recently I came across an article on Forbes entitled, Commercial Real Estate Forecast 2014-2015. The article gives a report on the national progress of Commercial Real estate in the recent months and how it will impact the industry going forward. While providing some interesting statistics, the piece also forecasts upcoming commercial real estate trends for 2015. According to Forbes’, the future is definitely looking bright.

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Southpace Brokers Complete Local March Transactions

Conns_redFrom Newk’s to The Diamond Group, Southpace brokers had a lot going on during March. Here’s a closer look at our March deals:

Bryan Holt, CCIM and Tyler Bradford, CCIM represented Conn’s in the leasing of 43,012 SF at County Line Plaza in Jackson, Mississippi. Conn’s is a specialty retailer and provider of consumer credit that offers home appliances, furniture, mattresses and consumer electronics to its customers. The store, which is Conn’s first location in Mississippi, plans to open this May.

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Southpace Welcomes New Retail Portfolio Manager and Associate Brokers

Southpace is pleased to introduce three new faces to our team. Each brings their own set of knowledge, skills, and expertise to the firm, and we’re more than excited to have them join us!

Travis RutherfordTravis M. Rutherford, CSM. Travis joined Southpace in March of this year as the Retail Portfolio Manager in the Southpace Management, Inc. division. As an Auburn University graduate, he brings with him more than 19 years of commercial real estate experience, including real estate/property management, site analytics/selection, acquisition and development, as well as corporate real estate consulting.

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The Alabama Chapter of the CCIM Institute Presents the John Lauriello Scholarship Award

John Lauriello AwardWe’re proud to announce that Southpace Properties Principal John Lauriello, CCIM was recently honored with a named endowment scholarship from the Alabama Chapter of the Certified Commercial Investment Member (CCIM) Institute.

What will now be known as the John Lauriello Scholarship Award will provide $1,000 tuition assistance for a core class to an Alabama CCIM chapter member. A recipient of the scholarship will be awarded annually and must be a current chapter member in good standing.

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The Day Fixer Purple Elixir, the Southpace signature cocktail

BartenderWe couldn’t think of a better way to recognize our company’s 30th Birthday than by having the entire Southpace team together to celebrate how far we’ve come in the past 30 years.

Since we have all of the best businesses right outside our front door, we got all of our birthday snacks and drinks from local Birmingham establishments. We wouldn’t have had it any other way.

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Southpace Has Largest Presence in Birmingham Commercial Club of Excellence

BCRCFor the past 16 years, Southpace Properties has been honored to be the number one commercial real estate firm with the most brokers represented in the Birmingham Commercial Realtors Council (BCRC) Commercial Club of Excellence. We’re proud to also be the number one firm for the past 25 out of 26 years.

This year we celebrate with 15 brokers receiving award recognition for their outstanding sales and achievements in 2013. Southpace represented 31% of the total 48 brokers in the Birmingham area who qualified for the BCRC Commercial Club of Excellence.

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Southpace Brokers Complete Local Transactions During the Month of February

VERIZON-WIRELESS-LOGOFrom Verizon Wireless to Domino’s Pizza, Southpace brokers completed a variety of deals throughout February.

Take a look at what our brokers have been up to during the past month:

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Straight Talk with John Lauriello: We’re Turning 30

john on purple copyIt all began the first week of January in 1984. Bill McDavid left his independent commercial real estate practice and I left Colonial Properties. I was redeveloping the Title Building and we moved into a small office on the 9th floor. It was the only room in the building that had any glass in the windows. I can remember how cold it was those first few winter months like it was yesterday.

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Watch as Rich Vanchina Gets Punked, Balloon Style

balloons3Last December, when we first found out that Rich Vanchina was going to be in this year’s Birmingham Business Journal’s Top 40 Under 40, we couldn’t help but play a small prank on him. The culprits involved in the prank: Southpace Principal Bryan Holt and Southpace Brokers Andrew Loveman, David Ashford, Tyler Bradford, Marcus Bruchis and Stutts Everette.

Congratulations, Rich! And thanks for being such a good sport!

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