The five C’s of credit established a thorough system of checks and balances that weighs each component to gauge the potential for borrower default as well as the overall possible risk of loss for the financers. Understanding the five C’s of credit can help you determine your current credit status as well as determine your […]
Obtaining Financing For CRE Projects Part I: Partnering With Local Lenders
What To Know About Financing Your Commercial Real Estate Projects At Southpace Properties, our team of licensed and professional realtors doesn’t just know commercial real estate properties; we also have extensive experience navigating through commercial real estate financing as well. Our collective tenure means that, within the commercial property vertical, we’ve pretty much seen it […]
Downtown Anniston Medical Office Building Purchased
Bill McDavid represented the bank in the closing of the Williams Building at 1930 Leighton Avenue in Anniston, Alabama. The bank foreclosed on the approximately 35,000 square-foot property in March of 2018 and vacated all tenants. The building was originally designed for, and leased to multiple medical practices. The purchaser bought the building as an […]
What Effects Could The 2020 Presidential Election Have On CRE?
As hard as it may seem to believe, here in the U.S., we are on the cusp of yet another cycle of presidential campaigning. Prospective candidates are already tentatively dipping their figurative toe in the political waters to gauge potential public approval and support. Before we know it, we will be headlong in the throws […]
New Taco Joint & International Fitness Concept Coming to Trussville
Tenants Taco Mama and Orangetheory Fitness are joining Chicken Salad Chick and Metro Diner in their newest Trussville location! Metro Diner and Chicken Salad Chick opened in March and have had great success thus far. Established Birmingham, Taco Mama’s laid back, funky taqueria is well loved throughout the state and parts of the Southeast. The […]
3 Steps Commercial Property Owners Can Take to Avoid a Fire
The fire that damaged a significant portion of the Notre Dame Cathedral in Paris this April was truly devastating. The flames raged on for hours before first responders could get the fire under control. By then the damage was done; entire structural pieces and countless invaluable artifacts were lost. Unfortunately, owning and managing commercial properties […]
Alabama Businesses Embrace CBD Oil Just Months After Farm Bill Law Update
The next potential commercial real estate gold rush is decidedly green – and many local businesses here in Birmingham, particularly those in the food, beverage, and hospitality industries are striking while the iron is hot. In December 2018, Alabama passed the Farm Bill Law that updated the legal status of cannabidiol, an active cannabis ingredient […]
Commercial Real Estate PropTech 101
Like most industries, commercial real estate has been heavily impacted in recent years by the rapidly evolving nature of technology. One of the latest emerging innovation trends in the commercial real estate vertical? PropTech. What is PropTech? While ConTech, or construction technology, specifically targets the building industry, PropTech (as its name implies) focuses specifically on […]
New Ideal Lofts Groundbreaking
Construction began March 2019 on the New Ideal Lofts redevelopment The project has been completed and residents have moved in. For more information regarding the development, visit https://new-ideal-lofts.com/ The New Ideal building is finally coming back to life after being shut off from the city for more than 30 years. Construction on the New Ideal […]
Southpace 2018 Year End Newsletter
Our 2018 Year End Newsletter is now available! Click here to check it out or leave a comment below letting us know you’d like a print copy and we’ll be happy to send it to you!
