Birmingham metro-area industrial real estate has fewer vacancies

January 16, 2012

Source: al.com BIRMINGHAM, ALABAMA — Graham & Co. is heading into 2012 boosted by a number of property sales and leases in the last quarter of 2011. The Birmingham-based company completed 25 sales valued at more than $20 million and 40 lease deals with a value of $41 million in the quarter, according to Mike … Read More

Office vacancies slipping and rental rates rising in metro Birmingham

November 28, 2011

Source: bizjournals.com BIRMINGHAM, ALABAMA — Looking back over the year, Birmingham-area office building brokers said their market has seen steady improvement with fewer vacancies and higher rents. Although new office construction is at a standstill, relocations and expansions are expected to grow through next year, said Dan Lovell, director of Graham & Co.’s office division. … Read More

Aletheia House substance abuse program heading to new space

November 11, 2011

Source: al.com BIRMINGHAM, ALABAMA — The renovated two-story Legal Services Alabama Building at 1820 Seventh Ave. North has a new tenant for the largest space on the ground floor. Aletheia House, a substance abuse treatment organization, has leased nearly 1,800 square feet for its offices in the 24,500-square-foot building with plans to move in Dec. … Read More

Reporter’s notebook: Barber thrives on reinventing downtown properties

October 21, 2011

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

Real estate roundup: Wave of new restaurants on the way

October 17, 2011

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

Atherotech expanding facility, adding employees

October 4, 2011

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

New restaurants, new hope in Vestavia Hills

October 3, 2011

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

Pants Store finds a fit in Tuscaloosa

October 3, 2011

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