Tuesday, June 28, 2011

We are positioned for growth and business friendly!

Posted by Mike Flynn- Albany Realty Company - (229)883-6100


The Peach State is once again among the best states for business, according to CNBC.

Georgia is ranked No. 4 for 2011 following a four-year absence from the top five. Georgia scored a 1,513 out of 2,500 points in CNBC’s exclusive study, which examined a variety of factors and is being revealed on-air all day on Tuesday.

CNBC’s annual report examined 43 measurements and grouped them into 10 large categories for the survey. Georgia’s highest ranking came in infrastructure and transportation, while its lowest was in quality of life.

Here’s Georgia’s score breakdown:

Cost of Doing Business -- ranked 18th with a score of 208
Workforce -- ranked fourth with a score of 259
Quality of Life -- ranked 38th with a score of 140
Economy -- ranked 35th with a score of 107
Infrastructure & Transportation -- ranked second with a score of 273
Technology & Innovation -- ranked 17th with a score of 156
Education -- ranked 22nd with a score of 118
Business Friendliness -- ranked 16th with a score of 134
Access to Capital -- ranked 13th with a score of 76
Cost of Living -- ranked ninth with a score of 42
In 2010, Georgia was named 10th best for business in the CNBC rankings.

Friday, June 24, 2011

Are they joking? The Obama regime wants to do what?

by Mike Flynn - Albany Realty Company - 229-883-6100

I don't think these guys have ever been in the trenches in the real World.

Go here to see what your Treasury Secretary has in mind: www.cnsnews.com/news/article/geithner-taxes-small-business-must-rise

Sorry the link is not live. We are having some technical difficulty, but this story is too important and needs to be circulated.

Tuesday, June 21, 2011

Talk about a double edged sword!

by Mike Flynn - Albany Realty Company - 229-883-6100


Here's the dilemma. Loose lending created a gigantic speculative bubble in the real estate markets. We are still mopping up the mess created when it burst.

When real estate values started dropping and construction projects stalled or got canceled, the rest of the economy fell in line and stalled too. If there is no construction industry, there is no need for asphalt plants, truss companies, brick manufacturing, sheet rock suppliers, the trucking companies that move the products, builder's risk policies..etc. We could go on but you get the idea of how infectious the stall became.

Now that the economy is again showing signs of stagnation, the banks are considering loosening up their lending standards. The country needs lending and credit. Banks make profits off of this process and the economy will stall without fluid credit. This has to happen despite the fear of blowing and bursting another bubble.

Wednesday, June 15, 2011

Hotel Development will drive Northwest Development in 2011-12.

by Mike Flynn - Albany Realty Company - 229-883-6100
Hotel development will drive activity in the Northwest sector of Albany in 2011 and 2012. Two new projects are currently in the planning stages.

In February of 2011 Legendary Hospitality acquired 3.7 acres on Pointe North Blvd for $369,700. The developer is planning to construct a new 90 plus room Holiday Inn Express on the site with construction beginning sometime in late 2011 or early 2012.

Hallmark Hospitality and Management also has plans to construct a new 90 plus room Hampton Inn on property located at 2628 Dawson Road.

Southeastern Hospitality Management acquired the Albany Inn located at 2701 Dawson Road by a transfer of deed in lieu of foreclosure. The price for the property is believed to be in the $1-million range. The original structure was built in 1988 and the 4.7 acre site at the corner of Westover and Dawson is an ideal target for redevelopment. The owners have reopened the Albany Inn, but the question is when will that corner become more valuable for redevelopment.