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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


Can Higher Education Save the Yellowhammer State?

Wed, 25 Apr 2018 03:07:58 GMT

Alabama has the dubious distinction of leading a group of seven states that have fewer jobs today than they did at the peak of the last recession. Joining Alabama are such troubled lands as coal dependent West Virginia and Wyoming, and debt-ridden Puerto Rico and Illinois. The state, which counts 66,000 fewer jobs now than it did in 2007, has struggled to gain employers after nearly a decade of national job growth. Particularly distressing is...

STORE Sells Golden Corral Branch in Montgomery

Mon, 23 Apr 2018 09:47:03 GMT

Golden Corral at 1480 Eastern Blvd. in Montgomery, AL STORE Master Funding, a subsidiary of STORE Capital (STORE), single tenant operational real estate, sold a 10,355-square foot retail building in Montgomery, AL to a private investor based in Acton, CA. The Golden Corral branch sold for $4.34 million, or about $419 per square foot. The single-story restaurant was built in 2006 at 1480 Eastern Blvd., near the intersection of I-85 and US-231...

Nashville Investor Acquires 48-Unit Birmingham Apartment Complex

Thu, 19 Apr 2018 08:30:55 GMT

The 48-unit Chesterfield apartment complex at 2612 Niazuma Ave. S. in Birmingham, AL Manchester Partners, a local investment firm, sold a 48-unit apartment complex in Birmingham, AL to a Nashville, TN-based private investor. Chesterfield sold for $3.24 million, or about $67,000 per unit. The complex was built in 1968 at 2612 Niazuma Ave. S., adjacent to Highland Ave. and centrally located between Caldwell and Rhodes Park. The low-rise community...

RVI America Insurance Buys Vacant Office Tower in Birmingham

Thu, 12 Apr 2018 07:40:43 GMT

The 28-story City Center at 600 19th St. N in Birmingham, AL RVI America Insurance Co., a Stamford, CT-based firm that delivers specialty insurance, financial solutions and analytical services, purchased a 617,456-square-foot office building in Birmingham, AL from AT&T. The City Center sold for $29.25 million, or about $47 per square foot. The Class A, 28-story tower at 600 19th St. N was built in 1970 and renovated in 2005. AT&T vacated the...