The Loss of a Dear Friend – Greg Despinakis

We are saddened by the loss of one of our own, Greg Despinakis. Greg passed away peacefully on Wednesday December 6th and was laid to rest today Monday December 11th. Greg worked as a broker at Southpace for over 25 years and was an astute colleague, friend, and mentor. Everyone who knew Greg knew he had a passion for life, enjoying hobbies including game hunting and flying his Piper Cub. He will be severely missed at Southpace and amongst the community. Our thoughts and prayers go out to his daughters Stephanie, Harriet, and Pamela, his beloved Babs, and the rest of his family.

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Featured Property: 1109 E Park Drive

This week’s featured property is this excellent investment property at 1109 E Park Drive in Birmingham. We have recently reduced the price on the office building from $528,054 to $475,250. The building is currently 100% leased with 5 long term tenants. This well maintained, 2 story Class B building is 7,700 square feet has recently been renovated with a new roof, new gutters and all updated HVAC units. The property is conveniently situated near I-59 and just minutes from a thriving downtown.

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CRE Designations within Southpace

Every real estate broker is required by law to be licensed in the specific state in which he/she is practicing in. However, obtaining additional designations shows the individual’s commitment to continued development for excellence within the industry. Nonetheless, all of those letters superseding a broker’s name can be unrecognizable and often go overlooked because of it, so we’ve compiled an overview of the designations you can find our brokers at Southpace boasting. Continue reading “CRE Designations within Southpace”

Why You Need A Commercial Real Estate Broker

Whether you are a seller or a buyer in commercial real estate, it’s important that you have the best people on your team to get the most out of the deal. Cue a well-qualified commercial real estate broker. We’ve come up with a few things we think are critical qualifications for brokers to possess and for you to look for when making your decision on who to bring onto your team. Continue reading “Why You Need A Commercial Real Estate Broker”

‘Damn Yankee’ pioneer of Birmingham downtown revival shares how city overcame race fears to rebound (via

articleSouthpace Principal John Lauriello was recently highlighted in an article by Roy S. Johnson with, taking an in-depth look at Birmingham’s revitalization and growth in recent years, as well as a look at John and Southpace’s direct involvement and efforts in pursuit of that goal. Continue reading “‘Damn Yankee’ pioneer of Birmingham downtown revival shares how city overcame race fears to rebound (via”

Southpace Property Manager Julie Gieger Awarded 2016 Certified Property Manager of the Year Award

Julie Gieger, CCIM, CPM was named “2016 Certified Property Manager of the Year” by the Alabama Chapter of the Institute of Real Estate Management (IREM). This award recognizes a real estate management professional for dedication in achieving management excellence and advancing the profession. Julie will also serve as Treasurer on the board of the Alabama IREM Chapter 43 in 2017. Continue reading “Southpace Property Manager Julie Gieger Awarded 2016 Certified Property Manager of the Year Award”

Rotary Club of Birmingham Panel

Southpace Principal, John Lauriello, Sloss Real Estate President & CEO, Cathy Sloss Jones, Shannon Waltchack Partner, Derek Waltchack, Dick Schmalz of RGS Properties, and David Silverstein of Bayer Properties served on a Rotary Club panel yesterday, October 26th, to discuss all the positive growth and development in the City of Birmingham and their ongoing projects and their impact on Birmingham. John also moderated the panel discussion.