New Western opens Birmingham office
New Western, which specialized in buying vacant residential properties and rejuvenating them for the marketplace, has opened an office in Birmingham. Alabama is New Western’s 20th state. – Cision
Fitch assigns AA rating for $755 million in prison bonds
Fitch Ratings Services has assigned a AA rating for bonds to fund construction of two prisons. The state anticipates taking the $755 million worth of bonds to the marketplace June 28. – Fitch Ratings
Lakepoint State Park opens off-road course
State officials gathered June 16 to cut the ribbon on a new off-road vehicle course at Lakepoint State Park in Eufaula. The park expects to have vehicles available for rent. – Outdoor Alabama
Crypto currency firm under scrutiny
Alabama is one of five states launching an investigation in crypto currency firm Celcius Network. The investigation was triggered by the firm’s announcement Monday that customers could not withdraw their funds because of extreme market conditions. – CNBC
Imperial Dade opens Baldwin logistics hub
Independent food distributor Imperial Dade opened a 221,000-square-foot warehouse and logistics center in Loxley Thursday. The facility represents a $20 million investment, and county officials expect it to have 55 employees. – Valdosta Daily Times
