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Alabama Commercial Real Estate News From CoStar Group



CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of



 



CoStar's People of Note (Sept. 15) - CBRE Exec Jumps to NKF, Savills Studley Promotes Three...

Fri, 15 Sep 2017 08:00:00 GMT

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Silicon Valley, Houston, Richmond / Hampton Roads, Los Angeles, New York City, San Diego, Atlanta, Dallas / Ft. Worth, Boston, Northern New Jersey, Philadelphia, Chicago, Cincinnati, South Carolina and East Bay. SILICON VALLEY Kelly Joins NKF as Executive Managing...



Apple Hospitality REIT Finalizes $38.4 Million Purchase of Brand New Dual-Branded Hotel in Downtown Birmingham

Thu, 14 Sep 2017 01:18:42 GMT

Apple Hospitality REIT (NYSE: APLE) officially entered the downtown Birmingham market after the firm completed its previously announced purchase of the 210-unit Hilton Garden Inn and Home2 Suites by Hilton for $38.4 million, or approximately $183,000 per key. Developed by LBA Hospitality, the brand new dual-branded hotel is located at 250 18th St. South just two blocks north of the University of Alabama Birmingham campus and in close proximity...



Broad Metro Begins Development of New 44-Acre Retail and Medical Center in Hoover

Thu, 14 Sep 2017 12:50:37 GMT

Broad Metro has begun development on a new 44-acre mixed-use project in Hoover, AL that will usher in a wave of new retail and medical space to the south Birmingham suburb. The New York-based developer's +218,000-square-foot Stadium Trace Village project will include a 68,900-square-foot "experiential" retail store, a 22,000-square-foot organic grocery store, a 14,800-square-foot pharmacy and a number of adjoining retailers and restaurants as...