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StoneRiver Co. closes $80 million fund

Birmingham-based StoneRiver Co. has closed StoneRiver Investment Fund II LLC with more than $80 million of equity commitments, including co-investment capital from its initial...

Three multifamily properties acquired in Tuscaloosa

Three garden-style, multifamily properties in Tuscaloosa have been acquired by Arch Companies and Drake Real Estate Partners. These three properties — Broadmoor Gardens, Copper...

The Sanders Trust completes rehabilitation hospital construction

The Sanders Trust, a Birmingham-based real estate investment development company, has completed construction of Anderson Rehabilitation Institute in Illinois.The institute is a 34-bed, 50,000-square-foot...

UA Center Launches Initiative to Boost Diversity in Real Estate Industry

A new initiative at the University of Alabama aims to bring more people from underrepresented groups into entry-level positions in the real estate industry.REimagined...

Lane Parke Phase II construction set to begin in Mountain Brook village

The second phase of construction of Lane Parke, in the Birmingham suburb of Mountain Brook, will begin in March, according to developer Evson and...

Big Mall Buyer Pockets Eastdale Mall

The largest mall buyer in the country recently snapped up one of Alabama's oldest malls.Montgomery's Eastdale Mall, which opened in 1977, was bought last...

Affordable Rental Housing Stock Dwindling

Fewer Americans can afford a home, more and more have to rent shelter and the number of rental units they can afford is steadily...

Birmingham 38th out of 100 for Affordable Housing

If you’ve been wondering where to put down roots, from a purely analytical standpoint, the Magic City can boast at least one powerful statistic to sway your thinking.

Red Flags in Commercial Real Estate Could Spell Trouble for Banks

“Real estate has had a great run, prices have gone up, but it’s peaking out and we are at a point where lots of bad things could happen.” — K.C. Conway, chief economist for the Certified Commercial Investment Member Institute

Downtown Birmingham’s Latest Condo Surge

A new wave of condominium development sweeps into booming downtown Birmingham.

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