Medical Properties Trust’s largest tenant files for bankruptcy
Massachusetts-based Steward Health Care, the largest tenant of Birmingham-based Medical Properties Trust, has gone into Chapter 11 bankruptcy. The Steward Health Care system includes 30 hospitals throughout eight states. – Yahoo! Finance
Birmingham manufacturer acquired by Pennsylvania company
General Machinery Company Inc., a Birmingham-based company with locations in Mobile and Madison, has been acquired by Pennsylvania-based Motion & Control Enterprises. GMC distributes automation and electrical products, process pumps, compressed air products and related repair services. – Industrial Distribution
Opportunity Alabama redeveloping first floor of historic building for new headquarters
The economic development organization Opportunity Alabama is redeveloping the ground floor of Birmingham’s Burger-Phillips Building to make it its new headquarters. Opportunity Alabama is redeveloping the ground floor of the former home of the Burger-Phillips department store along with Tessa Commercial Real Estate. – Bham Now
Genesis donates $50K to ASU for STEM students
Genesis Gives, the social responsibility initiative of Genesis Motor America, donated $50,000 to Alabama State University to provide scholarships for undergraduate STEM students. It’s the inaugural donation to ASU’s mechanical engineering program, which launches this fall. – PR Newswire
