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Preview: Birmingham Commercial Real Estate News From CoStar Group

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 (Week of May 26) Tanger Promotes Two from Senior Management Team

Fri, 26 May 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: North Carolina, St. Louis, Dallas / Ft. Worth, Washington DC, Orlando, New York City, Chicago, Ohio, Houston, Southern California, Baltimore, South Florida and Richmond / Hampton Roads. NORTH CAROLINA Tanger Factory Outlet Centers Names New President By CoStar News...

Hollingsworth Begins Construction on Latest Spec Project Within Huntsville Business Park

Fri, 26 May 2017 03:34:36 GMT

Clinton, TN-based industrial owner and developer The Hollingsworth Cos. has kicked off construction on its latest development within the SouthPoint Business Park in Huntsville, AL. The 252,000-square-foot steel facility is being constructed on a speculative basis and is being marketed to single-end users or as a multi-tenant complex for companies seeking warehouse or manufacturing space. Located on a 19.17-acre, pad ready site along I-65/I-565...

Medical Properties Trust Investing $1.4 Billion in 11 Health Care Facilities

Sun, 21 May 2017 11:35:39 GMT

Medical Properties Trust Inc. (NYSE: MPW) agreed to acquire the real estate interests of 10 acute care hospitals and one behavioral health facility currently operated by IASIS Healthcare. Operation of the healthcare facilities will be transferred to Steward Health Care System LLC when the transaction is completed. Steward and IASIS simultaneously announced a merger transaction, contingent on the property sale to MPT, which will also make a $100...

AdCare Pays $5.5 Million for Assisted Living and Memory Care Facility in Alabama

Fri, 19 May 2017 04:51:32 GMT

AdCare Health Systems (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) has acquired the Meadowood Retirement Village in Glencoe, AL for $5.5 million. The assisted living and memory care facility is located at 509 Pineview Ave. off Chastain Blvd. and features 106 operational beds. Following the acquisition, AdCare, a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term healthcare...

Cole Capital Buys 375,000-SF Open-Air Power Center in Mobile for $77.8 Million

Tue, 16 May 2017 08:58:26 GMT

Cole Credit Property Trust IV, a publicly registered, non-listed real estate investment trust that specializes in the acquisition of retail real estate assets, finalized a deal with center developer The Hutton Co. to acquire McGowin Plaza in Mobile, AL for $77.75 million, or approximately $193 per square foot. The Phoenix-based REIT obtained $42.76 million in acquisition financing to purchase the 375,000-square-foot, regional open-air shopping...