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07/20/2018
Birmingham’s Historic Downtown Breathes Again
Rendering of the Denham project at 1143 1st Ave. S. in Birmingham, AL In 2013, the Alabama Historical Commission passed a historic tax credit program that provides a 25 percent refundable tax credit when an owner "substantially rehabilitates" a building...

07/16/2018
EBSCO Acquires 336-Unit Apt. Complex in Phenix City
The 336-unit Grand Reserve at Phenix City at 2700 College Dr. in Phenix City, AL Birmingham-based EBSCO Industries, a full-service investment firm, purchased a 336-unit apartment complex in Phenix City, AL from Steve Corbett, Inc. and TrimCOR. The...

07/11/2018
Alabama’s Industrial Market Lures More REITs
Rendering of the 362,942-square-foot distribution building at 6735 Trippel Rd. in Theodore, ALCredit: MSA Alabama’s aggressive plan to bring high-profile tenants into the state might just be paying off, and public investors are taking notice. The...

07/10/2018
StoneRiver Pays $39M for 625-Unit Apt. Portfolio in Mobile
The 168-unit Ashford Place apartment complex at 6075 Grelot Rd. in Mobile, ALCredit: Cushman & Wakefield StoneRiver Co., a local full-service investment, management and development firm, purchased three apartment complexes totaling 625 units in Mobile...

06/29/2018
Proposed Tariffs on Imported Cars, Car Parts Could Affect Jobs in Alabama
Aerial image of the 1.3 million-square-foot Mercedes-Benz Plant in Vance, AL. The proposed tariffs on imported cars and car parts could affect jobs in Alabama. The state is highly leveraged to the automotive supply chain, with major factories serving...

06/29/2018
Top Atlanta Creative Office Developers Merge to Expand Across Sun Belt
Pictured from left: Pierce Lancaster, Chris Faussemagne and Hank Farmer.Courtesy: Third & Urban.Two of Atlanta's top creators of cool office space are combining to capture pent-up demand and develop creative workspaces from Virginia to Texas. Third...

06/28/2018
Tricon Launches $2 Billion Joint Venture to Buy U.S. Homes
Pictured: Tricon American Homes' headquarters in Orange County, CA.Toronto-based Tricon Capital Group Inc. said it has signed up one of the world's largest sovereign wealth funds and a similar level state pension plan in the United States for a new fund...

06/22/2018
Apartment Construction Booming Across the Southern U.S.
The 816-unit Park Line Miami apartment towers at 250 NW 1st St. in Miami. The project is slated to be completed by the fourth quarter of 2019. Due to impressive in-migration as well as demographic growth and booming economies, southern metros have...

06/21/2018
LSINC Buys 51,000-SF Industrial Bldg. for New HQ in Huntsville
The 51,105-square-foot industrial building at 490 Discovery Dr. in Huntsville, AL LSINC Corp., a local company that collaborates with commercial clients to deliver product development, engineering design and analysis, purchased a 51,105-square-foot...

06/21/2018
Blue Magma Residential, Auerbach Funds Acquire 375-Unit Huntsville Apt. Complexes
The 152-unit Park at Bellingham apartment complex at 5001 Galaxy Way NW in Huntsville, AL A partnership between an affiliate of Tampa, FL-based Blue Magma Residential and New York-based Auerbach Funds purchased two apartment complexes totaling 375...

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