This week’s featured property is an excellent redevelopment opportunity available in the booming downtown area of Birmingham. Continue reading “Featured Property: New Ideal Building”
At Southpace, we start each new year by honoring our top five producing brokers from the previous year. Once again, our 2013 top five should come as no surprise to those in the Birmingham area commercial real estate industry. Continue reading “Our Top Five Brokers of 2013”
Las Vegas, Los Angeles, Phoenix, Atlanta, Denver, Chicago….We went all over the country this past year—not for real estate deals in these cities, but to LEARN, CONNECT and LEAD. Our business is largely built on referrals from relationships we build both here in Birmingham and around the country in the organizations that serve our industry. Every year we spend a good deal of time and effort on learning, connecting and leading, but 2013 was exceptional on all three fronts.
You guessed it. We’re talking about our Mega Pistachio Mail Out! The Southpace office has officially been turned into Santa’s Workshop, and the mail out has begun.
I recently read an article in the Birmingham Business Journal that discussed ten things a tenant should ask before choosing office space. While all ten were fair questions that would prove informative and beneficial for the tenant, I believe the most critical question to ask is, “Why don’t we hire a competent tenant representation broker?”
This new development will be conveniently located at the intersection of Rainbow Drive and AL Highway 77. Along with a 45,600 square foot Publix Super Market, The Shoppes will also include 20,000 square feet of retail shop space and two outparcels.
I recently came across an article in the Birmingham Business Journal by Jay Reed, President of the Associated Builders and Contractors of Alabama. His piece was titled “Why Construction Matters in Alabama.” As Director of Development and Construction Consulting at Southpace, I was curious to read his points of why he felt construction mattered so much in our state. Turns out, I couldn’t agree more with what he had Continue reading “How Construction Activity Betters Our Economy”
Marcus Bruchis, SCLS represented Rainbow Fashion in the leasing of 9,600 SF at High Point Marketplace in High Point, North Carolina.
As summer is coming to an end, CAP rates for net lease retail properties continue to remain low. Some of the lowest average rates are coming from segments such as banks, c-stores and pharmacies. While top tier assets remain in short supply and high demand, investors have begun to be bolder in regards to their investment criteria. But for now, the future of net lease retail development is looking good!