Commercial Real Estate

The wrecking crew industry missed out on a couple of big jobs recently when one private investment company and one local government bought historic buildings to give them completely new purposes. Warren Mill The 130-year-old Warren Mill, the former center of community life in Warrenville, S.C., has sold for $1.6 million with plans to turn the former three-shift clothing factory into 180 to 200 apartments with a swimming pool, an events center and other amenities, according to several recent reports. Warren Mill has been vacant since 1982. The new owner

When we get together with a business owner and start the process of selling their company, some of the same general questions come up. How much will a buyer pay for my business? How long will it take to sell? Who is the best buyer? The first two questions are a bit subjective, but the best buyer question is almost always someone who is not currently operating a business in your industry. To many business owners, they are a bit surprised to hear a competitor or someone looking to gain

We have all seen the news. The residential real estate market is hot and it’s a great time to be a seller. What about the commercial office market? If you own an office building, I’m sure you want to know if your value is still there. If you lease office space you probably need to know if the rent is going up next time you renew, or will you be able to find new space when you move? The pandemic did shut down the office market for a while last

Jason Wiles is optimistic about future growth in commercial real estate in Richmond County. Wiles – Chief Executive Officer and owner of CSRA Home Solutions, owns several rental properties, mostly in South Augusta. “I primarily own single-family (homes), but I just purchased two duplexes,” he says. “I see most of the developments being commercial,” such as apartments and townhomes, rather than single-family neighborhoods. Wiles attended the first day of the Augusta Land Development Conference on Wednesday, Oct. 6 at the Kroc Center. He came to the conference to find out

A two-day conference in Augusta will allow local real estate investors and developers to share ideas and discuss future land development projects in the CSRA. The Augusta Land Development Conference, hosted by the Augusta, Georgia Land Bank Authority, will be held at the Kroc Center on Wednesday, Oct. 6 and Thursday, Oct. 7 from 7:30 a.m. to 5 p.m. both days. Breakfast and lunch will be provided. Speakers will include representatives from the Augusta Economic Development Authority, Housing and Urban Development, and the Center for Community Progress. A flyer for

Death of a technology leader in CSRA Today’s “buzz” begins with the death of a respected former journalist and successful CSRA technology business owner Jimmy Bennett. He spent 20 years writing and editing for community newspapers in Statesboro, Eastman, Jessup and Canton. He became the editor of True Citizen newspaper in Waynesboro, GA before going into the computer business. Bennett died last week due to complications from Covid-19. My last email exchange with him showed me how much he still cared about local journalism. “Chuck Smith has joined the growing

North Augusta will soon be home to a new QuikTrip gas station and convenience store location. The new store will be located on a 14.3-acre lot located at 930 Edgefield Road near four of its future competitors: Kangaroo Express, Exxon, Circle K, and Sprint Foods. Besides gas, it will also sell pizza, coffee, and a variety of slushies. According to the company’s website, QuikTrip was founded in 1958 and currently has 850 stores in 11 states, including Georgia, Tennessee, and North Carolina. Some locations also have QT Kitchens, which serve

When Thompson Building Wrecking Company Inc. was founded in Augusta, John F. Kennedy was president of the United States. Located at 631 11th St., the family-owned business offers a variety of services for both residential and commercial customers, including demolition, asbestos testing and removal, and roll-off container rentals. “We have a recycling yard also,” which is located in Beech Island, says Susan Juker, Thompson’s roll-off/office manager. That facility recycles concrete and asphalt. The company’s roll-off containers are available for short-term and long-term use at residential and commercial construction sites. Their