Paulk Turner, MAI, Director of the Appraisal and Valuation Services division at J.H. Berry, recently authored an article that was featured in the Birmingham Business Journal titled, Six Things to Know About CRE Appraisals. In the article, Paulk outlines six of the top things that property owners need to be aware of when seeking a…
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By Callan Sherrod If you’re contemplating relocating your company to a new office or renovating your existing space, you may be wondering about what type of design elements to consider that accurately reflects your company culture and office environment, while adhering to the latest trends. While there’s no one-size-fits-all option, our latest blog lays out…
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John Hardin, CCIM, vice president of office sales and leasing at J.H. Berry & Gilbert, was recently quoted in an article by AL.com about J.H. Berry’s work in the sale of Homewood’s University Building. The 40,000-square-foot property is located at 85 Bagby Drive and was sold to a Florida investor in December 2016 for $1.62…
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The 40,000 square-foot property known as the University Building at 85 Bagby Drive, recently sold to a Florida-based investor for $1.62 million. In September 2013, Bill Smith, a local investor and CEO of Shipt, purchased the building with 40 percent occupancy. After a three-year period and significant renovations and lease-up by Smith’s team, they were…
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On Jan. 17, 2017, the Housing Authority of the Birmingham District (HABD) approved Southside Development Co. as its partner on the redevelopment of the Southtown public housing property. Our Michael Reilly, leasing and brokerage associate, was quoted in a recent article by the Birmingham Business Journal stating, “This redevelopment effort is definitely a positive initiative…
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According to a recent article in the Birmingham Business Journal, experts say 2017 should see the continuation of commercial real estate momentum that began in 2016. Our Philip Currie, SIOR, CCIM, told the BBJ, “Location drivers will continue to influence the market. Additionally, design factors and consideration are currently, and will continue to be, at…
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Peltown Realty recently purchased Magnolia Office Park from its original owner, Lewis Development and Management. The space, located in Birmingham’s Southside near Five Points South, consists of three buildings totaling 170,000 square feet and is 99 percent occupied. Our Philip Currie, CCIM, SIOR, president of J.H. Berry & Gilbert, helped broker the transaction. “The tenants…
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By Philip Currie As we approach the New Year, our team analyzed trends and stories that shaped Birmingham’s commercial real estate industry in 2016 and identified what we can expect in 2017. Commercial Real Estate 2016 Recap An early wave of momentum kicked off 2016 for the commercial real estate industry, which maintained steady growth…
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For many business owners, the process of purchasing a building can feel overwhelming, confusing and complicated. In our latest blog, we highlight the most important factors to consider when searching for a commercial real estate property. Timing Ideally, you should begin the building acquisition process 10-12 months from when you want to occupy the building,…
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Homewood Musical Instrument Co. and Burns String Instrument Repair have relocated from their previous location at 3207 Central Ave. next to Nabeel’s Café and Market. The companies will now occupy 2,600 square feet at 1712 28th Ave. S. in Homewood, Alabama. William Gunn, SIOR, CCIM of J.H. Berry represented landlord Executive Office Services Inc. in…
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