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09/13/2018
Resurgent Job Growth Fueling Multifamily Demand in Birmingham, Alabama
Aerial of the 4-Star The Harbor on 6th apartment complex that delivered in 2017 in Tuscaloosa, Alabama. Birmingham has experienced a recent resurgence in job growth, led by strong manufacturing and office-using employment. As a result, multifamily...

08/24/2018
Blueprint Church Signs Lease in Anniston
The 13,000-square-foot office building in Anniston, Alabama. Blueprint Church signed a 13,000-square-foot lease at Cusa Realty’s single-tenant office building in Anniston, Alabama. The single-story structure at 301 E. 13th Street was built in 1967...

08/24/2018
Fletcher Property Group Pays $2.8M for Birmingham Manufacturing Bldg.
The 81,736-square-foot manufacturing building at Oxmoor Industrial Park in Birmingham. Fletcher Property Group, a full-service investment firm, purchased an 81,736-square-foot manufacturing building at Oxmoor Industrial Park in Birmingham from Art...

08/22/2018
Multifamily Construction Charges Ahead in Huntsville
Aerial of the 100-acre MidCity development in Huntsville, Alabama. Huntsville is experiencing a rise in multifamily construction as both demographic and market fundamentals continue to strengthen. The Huntsville metro area, comprised of Madison...

08/17/2018
Rising Home Sales May Threaten Multifamily Gains in Alabama
The Waites apartment building in Birmingham. As home sales begin to rise across the state, multifamily occupancy and rent gains may be in trouble. Since 2010 Alabama, like many other states, has seen a large amount of multifamily development. Total...

08/17/2018
Investors Feeling Mobile with $134.3 Million Multifamily Buy on Alabama's Gulf Coast
A quintet of apartment properties in Alabama's preeminent port city has fetched $134.3 million. Spruce Capital Partners, of New York, and Post Road Group, of Stamford, Connecticut, acquired the five property, 1,972-unit portfolio in Mobile late last...

08/16/2018
MLSN Mortgage Group Pays $3.1M for Birmingham Multifamily Complex
The 56-unit Places at Red Rocks apartment complex in Birmingham. Deerfield, Illinois-based MLSN Mortgage Group purchased a 56-unit apartment complex in Birmingham from Abaco Partners. Places at Red Rocks sold for $3.06 million, or about $55,000 per...

08/10/2018
Zarzour Cos. Acquires 107,000-SF Mobile Office Park
The 42,850-square-foot One Office Park building in Mobile, Alabama. Zarzour Cos., a local investment firm, purchased a three-building, 106,750-square-foot office park in Mobile, Alabama from Baton Rouge-based Boulle' Enterprises. Mobile Office Park...

08/10/2018
Global Defense Company Expands in Huntsville with $45.5M Project
Rendering of the new BAE Systems facility at 400 Jan Davis Dr. in Huntsville, Alabama. BAE Systems, a global defense, aerospace and security company, announced it will expand its operations in Huntsville, Alabama, with a new 83,000-square-foot industrial...

08/10/2018
Savannah Rentals Go for $50 Million
A suburban Savannah, Georgia apartment complex has sold for just under $50 million. B&M Management, a Montgomery, Alabama apartment shop, closed on Two Addison Place in Pooler, Georgia two weeks ago. It paid $49.75 million, or $153,000 per unit, for...

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