Regions faces trust mismanagement allegations
A lawsuit filed against Regions Financial Corp. says the bank mismanaged a charitable trust named for a former Alabama secretary of state. Among other things, the bank allegedly charged exorbitant fees and steered scholarship money to children of trust board members of the Mabel Amos Trust. Regions told AL.com its fees are consistent with industry rates. – AL.com
Birmingham’s Pizitz building for sale
The Pizitz, an iconic building in downtown Birmingham that underwent a $70 million renovation beginning in 2014, is for sale. Cushman & Wakefield is listing the property, which includes 143 apartments, the Pizitz Food Hall, two movie theaters and the administrative offices of the Sidewalk Film Festival and a coworking office space called Forge. The property is on Second Avenue North in the heart of the city’s theater district. – The Birmingham Times
Tuscaloosa’s McFarland Plaza sold
GBT Realty has sold McFarland Plaza, a 188,406-square-foot shopping center that includes HomeGoods, T.J. Maxx, Michaels and Dollar General, for an undisclosed amount. The shopping complex is one mile from the University of Alabama campus. – REBusiness Online
Birmingham firm partners with Tria Health for diabetes care program
Birmingham-based RxBenefits is partnering with Tria Health to launch the Optimize MyCare Diabetes Support Program. The program is designed to improve diabetes care and combat rising health care costs. – Cision
Jefferson County approves workforce funding
The Jefferson County Commission approved more than $1.4 million in federal Workforce Innovation Opportunity Act funds for Jefferson State Community College and the Dannon Project for Occupational Training and Work Based Learning Programs. The programs are geared to train students in occupational skills. – Jefferson County
