Most brands have halted their development pipelines until they can see a definite end to the crisis. Many of our clients have adapted their operations to the new-normal, but I believe this is the beginning of a sea-change in store design. Simply being able to alter your menu and staffing to better accommodate take-out orders […]
Construction
Nexus Fitness Owner Opening Boutique Fitness Concept at New Ideal Lofts
New Ideal Lofts has announced that the 3,500-square-foot ground floor commercial portion of the project has been leased to X⁴ – a new gym concept by Chris Wade, owner of the wildly successful Nexus Fitness in Homewood, AL. New Ideal Lofts is a redevelopment led by Southpace’s Kathy Okrongley and Michael Randman under New Ideal […]
Former Trinity Hospital Campus Purchase from a Broker’s Perspective
Written by Bryan Holt The former Trinity Hospital sits on a beautiful wooded campus just 7 minutes from downtown Birmingham and on the edge of the wealthiest community in Alabama. It is 77 acres with more than 900,000 square feet of buildings perched high upon a ridge with great views of Mountain Brook. This site […]
Shipping Container Popularity On The Rise For Commercial Developments
Commercial real estate is an ever-evolving industry, continuously showcasing non-traditional and inventive ways for property owners to optimize return on their investments. One of the newest trends quickly gaining attention and momentum within the commercial real estate vertical? Shipping container developments. Shipping Containers Prove Viable Alternative for Entrepreneurs This growing phenomenon is precisely what it […]
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 […]
Historic Tax Credits Increase Birmingham Real Estate Investments Demand
Many national markets continue to emphasize a “newer is better” mentality. However, Birmingham and Alabama as a whole have placed a significant focus on investing in buildings with a nationally certified historic status. In short, while many areas tear down historical sites and structures, our state continues to restore, redevelop, and celebrate them. […]
Smart Buildings: What You Need To Know For Your Commercial Property
The term “smart buildings” is trending in both residential and commercial real estate circles – but what does the phrase actually mean? While most of us understand some of the general concepts of a smart building, many of us often assume that a building’s intelligence lies mainly in its high-tech, futurist gadgetry that is […]
What Brokers Need To Know About Construction
By Charles Ferlisi, Southpace Director of Development and Construction Consulting So many times when people contact brokers to buy an existing property it will require some type of construction. Or sometimes clients want to purchase a property to build on. These clients likely have little or no knowledge of construction issues and very little […]
Working With Architects In Commercial Real Estate
By Rich Vanchina, CCIM, SIOR As commercial real estate brokers, we are often engaged by developers, investors, and end-users of commercial property to identify sites that they can either redevelop or build new buildings. And most of the time, this task is much more technical than simply identifying a site large enough to accommodate the […]
