The Hull Storey Retail Group, LLC announced this past week that it has entered into a definitive agreement to sell an 11-property, 3.8 million square foot enclosed mall portfolio to Hendon Properties for $214 million.
My very own newspaper is printing "mixed signals" when it comes to the nation's economy. Specifically, this past Saturday, I picked up the Statesboro Herald and saw what I would consider to be opposing headlines. Headline one – The green flies on black Friday. Headline two – Nation awaits housing fallout: New wave of mortgage failures could create nightmare scenario in U.S.
I haven't written anything about our local housing market in last several weeks, but I would be remiss as a business reporter if I continued to ignore the "elephant in the room".
With water woes abounding, we don't hear a lot of good news regarding bumper crops. However, I am here today to report that Bulloch County does have an historical bumper crop - tobacco.
Without further ado, here is what you have to look forward to in Statesboro Crossing – the new retail development going in at the southwest corner of Brannen Street and the Veterans Memorial Parkway (Statesboro Bypass).
I ended my column last week with the promise that I would find out about Statesboro Crossing, the development slated to go in at the southwest corner of the Statesboro Bypass (Veterans Memorial Parkway) and the Brannen Street Extension.
You all have a keen eye for dirt. The moving of dirt. The piling up of dirt. If dirt on commercial property in Bulloch County is "altered", I get a phone call – "what is happening, we see dirt."
For the last three years or so, we have watched three, well intentioned entrepreneurs attempt to resurrect the former Pizza Inn location on South Main with three separate restaurant concepts – one of which the name escapes me, Billy Blue Marlins, and Wise Guys Pizza. Each put money and a lot of effort into it, only to come up empty.
Business analysts are hanging on every bit of news from the national housing market. Is the housing crisis over? Is the mortgage crisis over? Each week a new national headline of doom and gloom regarding homes sales appears.
I have to admit I am a little sad that Alicia Bea's is gone. I, like many downtown development watchers, celebrated Alicia and Noel Burnsed's successful renovation of two buildings, the acquisition and use of another, and the revitalization of a downtown restaurant.
Sometimes it is tough to drag yourself to association meetings involving your industry. You know you need to be there. You know there is going to be information presented that you need to know. And, you know that your involvement is good practice.
See if you can guess this parcel of Bulloch County land. The vital statistics are as follows: 2.33 acres; land value estimation - $195,000; value of improvements - $700,000; tax appraiser's assessed value $358,200.
From a developmental standpoint, the last few years have been very exciting for Statesboro and Bulloch County. From new subdivisions and shopping centers to major construction across the Georgia Southern University campus, we have clearly experienced a "boom."
Get ready all of you Krystal fans. Construction on a new Krystal restaurant has begun in Buckhead Crossing at the corner of Brannen Street and the Veterans Memorial Parkway (otherwise known as the Statesboro Bypass).
Every once in a while I am given a "lead" about a business in one of our neighboring counties. With hunting season quickly approaching and our collective interest turning towards the outdoors, this business caught my attention.