News

Source: al.com In the current economic climate, sometimes the greatest success is in deals that equate to hitting singles and doubles rather than in trying for home runs that are hard to come by. That has almost always been the approach of the Barber Companies, which is one of downtown’s largest property owners but has … Read More

Source: bizjournal.com Get the tropical shirts ready. A new wave of beach-themed restaurants is crashing into Alabama. Hurricane Grill & Wings area developer Tom Petska is seeking investors to open a minimum of 10 franchises across Alabama, including four in Birmingham, over the next eight years, as I reported this week. For the real estate … Read More

Source: bizjournals.com Atherotech Diagnostics Lab has announced a 30 percent expansion of its Lakeshore Crossings Business Park lab facility to better meet rising demand for advanced cholesterol screening and other clinical laboratory services. The announcement comes after the company boosted its employment level by an estimated 30 percent this year with plans to add 40 … Read More

Source: al.com Vestavia Hills, Alabama — The Vestavia Hills City Center has had trouble attracting and keeping restaurant and retail tenants at the heart of the property, but officials hope a plan to mix in office and medical space with some vibrant new restaurants could change the center’s fortunes. Excel Vestavia, which owns the center, … Read More

Source: al.com Family-owned local retailer The Pants Store is expanding to Tuscaloosa in a project that will turn a vacant downtown building into new shops and restaurant space. The apparel and shoe store partnered with Birmingham-based Shannon Waltchack Investment Real Estate and local commercial real estate broker John Coleman to buy the Kress building at … Read More

Source: al.com Birmingham’s LAH Real Estate Inc., a high-profile firm with more than 150 agents, has new owners. Tom Carruthers III, Charles Robinson Jr. and Mike Graham have purchased ownership stakes from founders Jim Lawrence and Keith Arendall — the “L” and the “A” in the company’s name. Maurice Humphries remains a partner and takes … Read More

Source: al.com BIRMINGHAM, Alabama — Graham & Co. brokers point to $18.8 million in commercial property sales in the second quarter as a sign that the Birmingham real estate market is on an upswing. Mike Graham, president of Graham & Co., said pent-up demand combined with ample inventory and low interest rates have provided continued … Read More

Source: al.com BIRMINGHAM, Alabama — With Dollar General giving its $100 million stamp of approval to a 100-acre site near Alabama 150 and Lakeshore Parkway, the owner of the surrounding 500 acres feels the time is right for that area to reach its long-promised commercial development potential. USS Real Estate, the property and development arm … Read More

Source: al.com Melissa Taylor and Leslie Cooper have joined Birmingham’s Cook & Bynum Capital Management in newly created positions. Taylor has been named director of communications. She was previously a manager with SNL Financial and worked in the public affairs office at General Dynamics. Cooper joins the firm as marketing coordinator. She previously served as … Read More