Southpace Completes More Than $12 Million in Transactions During September

NewksOur brokers were busy last month finishing off the third quarter of 2014. While Newk’s and Heritage Towne Center were among our most notable September deals, we’re looking forward to a great fall season.

Check out all of our September done deals below.

Continue reading

Posted in Done Deals | Tagged , , , | Leave a comment

Client Spotlight: MAKEbhm – If You Don’t Start, You’ll Never Know

MAKEbhmLately MAKEbhm has been causing a lot of buzz all around the Birmingham area, and we can’t help but be proud to have helped them find their place in Avondale. It’s the perfect location for such a business; right in the middle of all the creative, inspiring happenings going on in Birmingham.

With all the talk about MAKEbhm, we wanted to go straight to the source and get our information first-hand from its founder and Executive Director, Bruce Lanier. What he had to tell us was more than inspiring.

Here’s his story.

Continue reading

Posted in Client Spotlight, Commercial real estate | Tagged , , , , , | Leave a comment

Now Open: JJ Eyes Optical Boutique, Nothing Bundt Cakes & More

JJeyesSouthpace is proud to have helped placed the following businesses and we encourage you to visit them now that they’re officially open! It’s great to see so many new businesses expanding and opening their doors in new markets.  Continue reading

Posted in Now Open, Retail Market | Tagged , , , , | Leave a comment

Featured Property: Office space for sublease at Wells Fargo Tower

wellsfargoThis week’s featured property is office space for sublease at 420 20th Street North in the tallest building in Birmingham, the Wells Fargo Tower.

This Class A office space is in excellent condition, features high-end finishes, and is located in Birmingham’s central business district. It’s within walking distance from first-class restaurants and hotels and is also just a quick drive to the Birmingham-Shuttlesworth International Airport.

See the video tour of the space:

Continue reading

Posted in Featured Property | Tagged , , | Leave a comment

Crowdfunding: The Future of Commercial Real Estate Investment?

crowdfunding2Crowdfunding has become a huge trend in investing and it’s become more and more popular over the past few years. Many aspects such as the convenience and the lower risks have drawn in not only investors, but entrepreneurs as well.

According to Forbes, the volume of global crowdfunding platforms increased from $530 million in 2009 to more than $2.8 billion in 2012.

And this is a trend that won’t be fading away any time soon.

Continue reading

Posted in CCIM, Commercial real estate | Tagged , , , | Leave a comment

Southpace Completes More Than $19 Million in Transactions During August

allsouthFrom our brokers representing businesses such as Toys “R” Us and Kathy G. & Company, to the sale of a building to AllSouth Appliance, we’ve been extremely busy during the month of August.

Take a look at some of our August done deals:

Bryan Holt, CCIM represented Toys “R” Us in the sale of a 30,000 SF building to AllSouth Appliance at 345 State Farm Parkway in Birmingham, Alabama. Mark Byers of EGS Commercial Real Estate represented the purchaser.

Continue reading

Posted in Commercial real estate, Done Deals | Tagged , , , | Leave a comment

Featured Property: Office Space for Lease at Berry Building

BerryBuildingThis week we have a perfect space for any business looking to open up in the heart of downtown Birmingham. Located at 2015 Second Avenue North, this building is within walking distance to several of Birmingham’s most popular restaurants—perfect for grabbing lunch or a happy hour special at the end of a work day.

Not only is the location convenient, but the building itself is in great condition with high ceilings, lots of windows, and even on-site security.

See the space for yourself in our video tour:

Continue reading

Posted in Featured Property | Tagged , , | Leave a comment

Now Open: Just Happy Hounds Doggie Daycare & More!

happyhoundsAll around Birmingham, new places are opening up and bringing more people into the city. With more businesses coming in and the expected population growth, it’s an exciting time to be a business owner in the area.

We’re proud to have been of help in placing the following businesses across the Birmingham area and encourage you to visit them now that they’re officially open!

Continue reading

Posted in Commercial real estate, Restaurants, Retail Market | Tagged , , , , | Leave a comment

Southpace Properties Participates in the ALS Ice Bucket Challenge

Southpace Properties participated in the ALS #icebucketchallenge on the roof of our office headquarters at the Title Building in downtown Birmingham. We now challenge a few of our RBN affiliates; Stirling Properties in New Orleans, LA, Centennial Retail Services in Nashville, TN and Equity Retail Brokers in Philadelphia, PA.

Continue reading

Posted in Uncategorized | Leave a comment

REITs: A Better Investment Than Stocks

REITsDuring the first half of 2014, the National Association of Real Estate Investment Trusts reported the stock exchange-listed U.S. equity REITs were up 16.25%, with a dividend yield of 3.52%. Yet the S&P 500 Index reports a total return of 7.14% with a dividend yield of 2%, according to a recent article on CNBC.com.

Why are investors looking into REITs? Because of higher yields, bigger returns, and the currently low interest rates.

Continue reading

Posted in Economic news, Retail Market | Tagged , , , | Leave a comment