Background
Primary Real Estate Broker
26 years with firm
BA, Auburn University
Key projects
Residential Subdivisions
Property Acquisition
Joe Cleage is the real estate broker of record for Porter, White & Company. Since joining the firm in 1981, Joe has been involved in a wide range of real estate development, leasing and financing projects. His expertise encompasses almost every facet of the real estate business: residential subdivisions; office buildings; office, residential, and resort condominiums; medical facilities; historic buildings; shopping centers; and apartment complexes.
In the development of residential subdivisions, Joe's expertise covers all project phases: identifying worthwhile properties; creating projections and forecasts; negotiating land sales and options; dealing with zoning issues; structuring partnerships; site layout and engineering; project financing; infrastructure construction and development; marketing; and sales.
Residential Subdivision Development: An example of Joe's work is
Shook Hill Estates, in Mountain Brook, Alabama. In 1984, Joe overcame a series
of obstacles that had stymied others to make this development a success. Obstacles
overcome included negotiating with multiple trust and individual owners; solving
complex water, sewer and drainage problems; and the development of private
roads, public and private sanitary sewers, and public water on private property.
Shook Hill was developed as a partnership and was sold to the public as the first
subdivision in the Birmingham market with all lots over $100,000. All the lots in
the subdivision were sold within four months of the original offering.
In the early 1990s, Joe foresaw that Birmingham's next growth would come in an
eastern direction and located property for Porter, White & Company's development in
Trussville. The result was an 85-lot subdivision that sold out completely, meeting
all budgets and forecasts.
Following completion of Pine Crest in Trussville, Joe looked north to the Gardendale
area where Porter, White & Company developed Pine Meadow, an 85-lot subdivision now
being successfully completed.
Diversity of Real Estate: Joe has also been involved in the development
of professional buildings on the Baptist and St. Vincent's Hospital campuses;
with the management and disposition of one of the area's larger malls; with
the conversion of apartment buildings and professional office buildings to
condominium ownership; and with the development and marketing of a variety
of specialty real estate.