Big Bad Breakfast is set to bring its renowned Southern-inspired menu to The Canopy at Oak Mountain, with plans to open in the Spring of 2025. This exciting new addition will join a growing list of popular tenants, including Taco Mac, Cahaba Cycles, and Mountain High Outfitters, further establishing the Canopy as a premier destination […]
southpace properties
A Mission to Save the Historic Buildings of Birmingham
Over the years, thanks to Birmingham artist Bob Moody and Southpace Principal John Lauriello, many historic buildings in Birmingham have been rescued and restored. The two have been long time friends with a common interest, or should we say passion, for Birmingham. John and Bob’s partnership can be traced back to 1983, when the YMCA […]
Southpace Top 10 Deals in 2014
Last week we were pretty excited to learn that two Southpace transactions landed on the Birmingham Business Journal’s top Commercial Real Estate Deals of the Year for 2014. You’ll find both of those deals below, plus the rest of the top 10 transactions our brokers facilitated in 2014.
Investment Sales: It’s A Strong Seller’s Market
By Michael Randman In a recent Southpace Properties sales meeting, one of our brokers presented a NNN, free-standing, national credit tenant restaurant available for purchase. The broker was asking an 8 CAP for the deal. Within a few hours, he had five real offers for this well-located property that had a long lease term remaining. […]
Exclusive Use Rights for Office Real Estate?
By Blake Crowe, CCIM For those in commercial real estate, specifically retail real estate, you’re familiar with Exclusive Use Rights – a tenant can (and generally should) require a landlord to prohibit leasing space to another tenant selling the same product, or allow any other specified activities that could interfere with the success of their […]
10 Things You Need to Know About Retail
Last month while we were attending RECon, the global retail real estate convention in Las Vegas, OMNIPLAN Architects passed out this very insightful piece to event attendees. With great insight, we believe everyone in retail and retail real estate should be aware of these trends that are affecting our industry as we speak.
Investors Ride The Wave In Secondary Markets, Including Birmingham
By Michael Randman, Southpace Broker According to Real Capital Analytics, investment sales surpassed $355 billion in 2013. That’s a 19 percent increase from the $299 billion in sales in 2012. What’s behind this boost in investment sales? As well described in this recent article, “Surf’s Up,” published in CCIM’s Commercial Investment Real Estate magazine, […]
Our Top 10 Deals in 2013
Over the course of a year, we complete a lot of transactions here at Southpace. However, there are always a few deals that stand above the rest. Below are the top 10 transactions our brokers facilitated in 2013.
Pistachios: A Southpace Tradition
While everyone has their own holiday traditions, whether it be to decorate the tree, set cookies out for Santa, or light up the front yard; we have our own unique holiday tradition here at Southpace. You guessed it. We’re talking about our Mega Pistachio Mail Out! The Southpace office has officially been turned into Santa’s […]
Office Site Selection: The Most Critical Question To Ask
By Southpace Broker Blake Crowe, CCIM 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 […]
