Source: bizjournals.com Big-box retailers are leaning away from big-box spaces, and experts say that’s pushed Birmingham area property owners to think outside the big box to find new tenants. Since the recession, when several large retailers closed in the area, real estate professionals say they’ve seen a surge in creative reuse – when space is … Read More

Source: al.com Graham & Co’s Jacksonville Office Team Awarded U.S. Green Building Council (USGBC) North Florida Chapter’s annual Building Design And Construction Award, naming 550 Water Street as its 2011 recipient project. Pictured are: Peter Crolius, Managing Broker; Genny Spence, Administrative Assistant; Ron Kirkland, Director of Property Management and Mark Scott, Senior Director/Industrial Markets [ … Read More

Source: al.com BIRMINGHAM, ALABAMA — Arlington Properties has started work on the $23 million Tapestry Park apartment project on 16 acres off Montclair Road, once home to John Carroll Catholic High School’s athletic fields. The development will have 223 apartments in six buildings when it is constructed in the next 12 to 14 months, with … Read More

Source: bizjournals.com Graham & Co. reported the following deals: Graham & Company sold 3.2 acres at 3225 Montevallo Road in Mountain Brook. The development site formerly served as the former Knesseth Israel synagogue which relocated to Overton Road. Realty Choice also participated as broker in the transaction. The Catholic Diocese of Birmingham purchased a 15,268 … Read More

Source: bizjournals.com CRE deals Graham & Co., a Birmingham real estate firm, reported the following deals: Helix Systems – a Bessemer electrical, engineering and automation solutions company – purchased a 10,000-square-foot industrial building at 5530 Powder Plant Lane. Jack Brown and John Coleman handled the transaction. GFA Inc., a New Jersey based logistics company serving … Read More

Source: al.com BIRMINGHAM, ALABAMA — Bart Smith was recently appointed to the Alabama Center for Real Estate (ACRE) Leadership Council at The University of Alabama. Bart joined Graham & Company in 2002 and specializes in the office sector and has earned the Society of Industrial & Office Realtors (SIOR) designation, as well as the Certified … Read More

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

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

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

Source: al.com The Apostolic Overcoming Holy Church of God has bought the 5,100-seat Cathedral of the Cross in Center Point and plans to make it the headquarters of the international Pentecostal denomination. “It’ll fit our needs,” said AOH Presiding Bishop George W. Ayers, senior pastor of New Jerusalem AOH Church of God in Center Point … Read More