Aldi opening new store in Greensboro
<img src='http://assets.bizjournals.com/triad/news/post-aldi*100.jpg?v=1'>Greensboro is getting yet another grocery store. Aldi, a Batavia, Ill.-based subsidiary of Germany's Aldi Group, plans to open a new store at 1507 New Garden Road sometime in 2013, according to a spokesman for the company. Aldi bills itself as a super-discount chain with a no-frills approach and a limited selection of 1,400 items. The company already has 10 stores in the Triad located in Asheboro, Burlington, Greensboro, High Point, Kernersville, Lexington, Thomasville and Winston-Salem. The new Aldi store comes at a time when the landscape among grocers in the Triad is becoming increasingly competitive...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=WzSKZ4vuCM0:2KscND_hJRg:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_triad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=WzSKZ4vuCM0:2KscND_hJRg:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_triad?i=WzSKZ4vuCM0:2KscND_hJRg:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=WzSKZ4vuCM0:2KscND_hJRg:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_triad?i=WzSKZ4vuCM0:2KscND_hJRg:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=WzSKZ4vuCM0:2KscND_hJRg:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_triad?d=qj6IDK7rITs" border="0"></img></a> </div>
Lorillard donates $100,000 to Greensboro arts group
Lorillard Tobacco Co. has donated $100,000 to the United Arts Council of Greater Greensboro?s annual Arts Fund campaign, which kicks off on Feb. 21, Lorillard Chairman, President and Chief Executive Officer, Murray S. Kessler said in a statement that the company hopes "the increased support will encourage other businesses to recognize the incredible value the arts provide this community -- both for the quality of life our employees enjoy and for the vitality and economic impact the arts bring to our city...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=oW1cK0qO0H0:Oo-0MnUfzNA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_triad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=oW1cK0qO0H0:Oo-0MnUfzNA:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_triad?i=oW1cK0qO0H0:Oo-0MnUfzNA:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=oW1cK0qO0H0:Oo-0MnUfzNA:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_triad?i=oW1cK0qO0H0:Oo-0MnUfzNA:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=oW1cK0qO0H0:Oo-0MnUfzNA:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_triad?d=qj6IDK7rITs" border="0"></img></a> </div>


be the next boomtown turned into a ghost town, you might want to get out. This strategy can produce a great return and it’s a pretty passive source. You don’t really have to do anything except buy the land and wait.

Another great way to invest in commercial property is through the rehab market. This is where you buy a run-down property that needs a lot of work done. You fix it up with a little elbow grease. Then after it’s up to par, you put it back on the market and make a tidy profit. This is a growing segment in the real estate industry. There is a definite need for this as property is always getting old. The most important thing to remember in this type of venture is you make your money when you buy the property, not when you sell it.

You must find properties that are undervalued. If you overpay, no matter what you do to the property, you’ll still come out behind. You need to find properties that need a lot of work. This has the highest potential for a great return. Don’t get involved with a property that just needs a new coat of paint and the yard mowed. This will not make you any money. In fact, you’ll most likely lose money. Stick with the properties that need the most TLC and you’ll come out on top.

Another popular strategy is that of quick turning a property. This involves finding distressed properties. You search for a great deal that is extremely undervalued. This could be a property that is facing foreclosure or a bankruptcy. Someone may take a significant cut in the price in order to get out fast. This can benefit you, the investor, greatly. You then take the distressed property and put it back on the market quickly. Since you don’t have to sell quickly, the property will get fair market value and you can make thousands of dollars in profit. As with rehabbing property, the key is finding cheap properties that you know are worth more. This is where all of the money comes from in this type of transaction. If you know the market, you can do very well with this type of deal.

For investors that already have a good sum of money saved up, there is another form of investment that is very appealing. Professionals who want another steady income can invest in expensive real estate that is already a great performing asset. This could be a luxury apartment complex or condos or any number of properties. The investor then takes over the cash flow that is generated by the subject property. They will most likely leave the existing property management in place and just take the steady cash flow. This is a great form of investment for those that are looking for a passive source of income from their investment. People who would benefit from this are usually very busy and already successful in some other walk of life. They understand that the only way to create wealth is through multiple sources of income. Diversification is the key.

Whichever method of commercial real estate investment you decide on, make sure it’s the right one for you. Consider all the factors carefully before making your decision. Just remember that you too can succeed in real estate investment.

Tony Seruga, Yolanda Seruga and Yolanda Bishop of www.maverickrei.com specialize in commercial and investment real estate. As of May, 2006, they and their partners are managing over $600 million dollars worth of new projects.

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