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 […]
Development
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 […]
How The “Retail Apocalypse” Is Changing Grocery Stores
The process of how we purchase food is evolving at a rampant pace. Over the past several years, Amazon, Walmart, and other front-running influencers have brought home delivery, literally, to the market’s doorsteps. However, smaller grocery models, unable to keep up with industry giants, have been forced to “wait and see”, while large grocery enterprises continue […]
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. […]
Key Ways Steel and Aluminum Tariffs May Impact Commercial Real Estate
In March 2018, President Trump moved to mandate new tariffs on steel and aluminum. According to the administration, Trump’s decision to implement 10% aluminum and 25% steel tariffs was part of an effort to decrease the U.S. trade deficit as well as protect domestic steel production jobs, which, at the surface, seem like laudable […]
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 […]
Meet the New Face at Southpace
Please join us in welcoming a new face to Southpace Properties! Kathy Okrongley joined Southpace in late February, bringing with her more than 25 years of experience in the real estate industry with a focus primarily on commercial development. She has operated and managed various development companies for almost 15 years, following a proven career as […]
Downtown Birmingham: Full Steam Ahead
As long-time downtown Birmingham enthusiasts, Southpace has been excited to see the many new development projects popping up all around our neighborhood in the past few years. The majority of these are residential mixed-use projects like 20 Midtown, LIV Parkside and the Pizitz Building. However, the folks at Alabama Power are working to bring Birmingham […]
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 […]
Our Brokers Know Their Boundaries With Civil Engineering
By Jim Collins, CCIM Civil engineering is one of those areas that may not seem to directly relate to commercial real estate transactions, but it absolutely does. If nothing else, we need to know when it’s time to bring in a qualified professional to help our clients make the best decisions possible.
