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Watts Happenings News and Blog

Mix-Used Building Near TJ Tower Now on the Market!

Web Admin - Thursday, March 22, 2018
Just listed and already receiving lots of activity. We really enjoy walking through this building and getting a sense of it's history. Would be a great space for renovation next to TJ Tower and just a blocks from Innovation Depot and the new Birmingham Intermodal Terminal. Check out the link or head to our website for more... https://www.bizjournals.com/birmingham/news/2018/03/21/mixed-use-building-near-thomas-jefferson-tower.html



David Watts Named Top Producer for Development at the 45th Annual Commercial Club of Excellence

Michael Watts - Monday, March 19, 2018
Congratulations to David Watts for receiving 1st Place as the Top Producer for Development at the 45th Annual Commercial Club of Excellence sponsored by the Birmingham Commercial Realtors Council!














IREM Lunch Event at Flats On 4th

Michael Watts - Thursday, March 15, 2018


















Here is a candid picture of IREM's lunch event Tuesday at Flats on 4th.
Look at all of Alabama's well known Real Estate Brokers chilling out in
our lounge talking about the current status & future viability of
the multifamily market. Hashtag something clever...

Michel Marcoux Named Top 40 Under 40!

Michael Watts - Friday, February 09, 2018
We are proud of Michel Marcoux! Named a Top 40 Under 40 by Birmingham Business Journal. We are lucky to have the opportunity to work with Michel regarding properties here in Birmingham...but he is also family, our cousin!

IKKO Ramen and Sushi Opening in 5 Points South Neighborhood

Web Admin - Friday, December 15, 2017











Please welcome IKKO Ramen & Sushi to the 5 Points South Neighborhood. Today is their Grand Opening, so make sure to stop by and grab a bite to eat next time you are in the area.

Economic Outlook for 2018

Web Admin - Wednesday, November 29, 2017
The following is an exert from Nov/Dec 2017 edition of the Journal of Property Management by Joseph Dobrian...

"The consensus among property management specialists and other real estate services professionals is that 2018 will be another strong year for real estate generally, although the industry seems to have passed the peak of the "up" cycle.  Conceivably, a downturn is lurking, but it's not immediately in view."

That is the consensus from real estate professionals around the nation, as Chip explains how the deep south is looking to 2018.

"The Market looks strong in the Deep South too, for now," Chip Watts, CPM, CCIM, President and Executive CPM for Watts Realty Co., AMO, in Birmingham, Ala., predicts little change for 2018, although he's less sanguine about the long term.

"We'll have a strong 2018 for multifamily," he said. "We're seeing new projects being announced almost monthly.  Office is just a little soft and will continue to be so.  Relocations from suburban to urban buildings are on the rise, and total space requirements are increasing because offices have already gotten as small as they can get."

"Retail is in a transitional time. Some of the major chains are closing units, but single stores are coming back , which indicates to me that we have a strong economy."

The overall news is positive for property managers, he said, and for people who are considering entering the profession.

"Our multifamily market will remain strong, with lots of competition for staff talent through favorable salaries and benefits," he said. "Our commercial markets will be flat because we see a lot of space in transition now.  IN Alabama, you need a real estate license to lease space, but in some other states, you don't, so management companies there might have a larger pool of personnel to choose from."

"The challenges for property managers, in the coming year, will continue to be the ability to integrate technology into your marketplace, operate smart systems, and communicate via social media. Alabama will see a strong market in 2018; it's what could happen after that, that concerns us."

You can read more about the economic outlook for 2018 in real estate management here... http://www.jpm-digital.org/jpm/nov_dec_2017?pg=1#pg1



National Franchise Brands Exit 5 Points South Retail Spaces

Michael Watts - Friday, October 27, 2017
Chip gets down to the basics with Brent Godwin of The Birmingham Business Journal regarding several national franchise brands that have recently left the 5 Points South retail spaces looking for new tenants.  Click here for article.

The Faces Behind Commercial Real Estate Growth and the Revitalization of Downtown Birmingham

Web Admin - Friday, September 08, 2017
Over the last few years, Birmingham has experienced a renaissance and redevelopment of downtown in large part due to commercial real estate growth. Commercial real estate, according the Birmingham Association of REALTORS®, contributes $465 billion a year to the U.S. GDP (Gross Domestic Products Index).













The economic impact of this commercial real estate growth, according to the Birmingham Business Alliance, was nearly $587 million in capital investments in Birmingham in 2016 resulting in 2,014 new jobs in the area. The commercial real estate industry stands ready to help businesses meet the needs they have- from retail space and office buildings to vacant land and warehouses.

The Birmingham Association of REALTORS® recently shined the spotlight on six members of the Birmingham Commercial Realtors Council who are doing their part to make Birmingham shine. These powerhouse members garner national and international attention for the Magic City.

For the rest of the article and their description of Chip's and Watts Realty's part in the revitalization effort, check out this link... https://bhamnow.com/index.php/2017/09/01/the-faces-behind-commercial-real-estate-growth-and-the-revitalization-of-downtown-birmingham/

Chip Talks with REV Birmingham's CEO David Fleming

Web Admin - Wednesday, July 26, 2017
Last week Chip met with REV Birmingham's CEO David Fleming to talk about the continuing construction and growth of the Downtown/Parkside District.  Check out the link or watch the video.

A Zyp Bike tour of Birmingham's future (Part 2 of 2) from Alabama NewsCenter on Vimeo.

Flats On 4th makes Birmingham Business Journal's annual Deals of the Year list.

Web Admin - Monday, April 10, 2017
Watts Realty is honored to be able to accomplish this deal, and be named by BBJ in their annual Deals of the Year. The Watts family worked hard with all its partners to pull this one from vision to reality. Opening May 5th! We have been involved in Birmingham real estate for 111 years, and want to be investing in this city for another century. We wanted to build a property to reflect those values.

I hope our late grandfather would be proud. I'm sure he worked hard keeping Dad in check during the development of Arlington Business Center just as much as Dad has kept Chip & I in check during this project.

Once we close this project up, time to look for another one...(too soon?😅)

Clink link for BBJ's Deals of the Year

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1527 3rd Avenue South, Suite 102
Birmingham, AL 35233

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