Developer awarded $7.2M in wake of Pihakis restaurant closings; Hoover health center names first tenants; Regions Bank launches new group

Developer awarded $7.2M in wake of Pihakis restaurant closings

Birmingham developer Mike Mouron and his Dunnavant Valley Dining LLC won a $7.19 million default judgment against Valley Post, which was home to four restaurants in the Pihakis Restaurant Group. Mouron had sued over unpaid rent. — AL.com

Hoover health center names first tenants

Baptist Health and Seale Harris Clinic are the first tenants announced for the Riverwalk Health & Wellness Center in Hoover. The 90-acre mixed-use district is set to open in 2028. — Bham Now

Regions Bank launches new group

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Birmingham-based Regions Bank has launched a Materials and Infrastructure Group. The team will serve clients that manufacture and distribute materials used in building products, infrastructure, packaging and other related industries. — Regions Bank

Alabama hotels recognized in Michelin Guide

Five Alabama hotels are recognized in the Michelin Guide 2026. The hotels are The Admiral Hotel in Mobile, Elyton Hotel in Birmingham, GunRunner in Florence, The Laurel Hotel & Spa in Auburn and The Painted Lady in Birmingham. — Mobile Bay Now