Three companies plan $40 million steel plant in Madison
Steel Summit Holdings, Toyota Tsusho America and Southern Mobility Products are joining together to build a $40 million steel auto plant in Madison. Madison Metal Processing will bring 40 new jobs to the area. MMP will begin supplying steel blanks for new vehicles at Mazda-Toyota this year, with full production slated to begin in mid-2022. – News 19
Medical Properties Trust makes big Florida buy
Birmingham-based Medical Properties Trust paid $171 million for a hospital, three office buildings and a medical office mall in Lauderdale Lakes, Florida. It’s one of the largest commercial purchases in Broward County this year. – The Real Deal
Two development companies buy Birmingham’s Brookwood Village
Birmingham-based Fairway Investments and Atlanta’s Pope & Land Real Estate have purchased Brookwood Village for an undisclosed amount. The groups bought the 47-year-old shopping center and the Fresh Market retail center nearby. The development team includes Goodwyn Mills Cawood and DAG Architects. – AL.com
Renovation of Mobile’s Bienville Square begins
The $1.5 million first phase of the revitalization of Mobile’s Bienville Square has begun, and Ketchum Fountain will be removed for restoration as early as next week. The project will also include the redesign and repaving of the central plaza and general improvements around the fountain area. – Fox 10
