Woodfin, Stimpson reelected; Tim James proposes Shreveport toll bridge project; Southpoint, Merchants announce merger; Foley’s Meadowbrook Apartments sold for $6.8 million

Birmingham and Mobile mayoral incumbents retain their seats with resounding victories.

Woodfin, Stimpson reelected 

Birmingham Mayor Randall Woodfin cruised to a resounding victory in his bid for a second term, winning some 65% of the vote. In Mobile, Sandy Stimpson captured 57% to win a third term as mayor. — ABC 3340; WKRG-TV


Tim James proposes Shreveport toll bridge project

Greenville-based Tim James Inc. has proposed a project to build a Shreveport area bypass including a toll bridge over the Red River. James also backed the Foley Beach Express at the Alabama Gulf and is working toward a “Coosa River Express” connecting US 280 in Sylacauga to Interstate 65 in Calera. — KEEL Radio; Tim James Inc.

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SouthPoint, Merchants announce merger

Birmingham-based SouthPoint Bancshares today announced a definitive merger agreement with Merchants Bank of Alabama. Merchants will continue to operate under its own name. — Yahoo Finance


Foley’s Meadowbrook Apartments sold for $6.8M

New York real estate developer Arch Cos. has sold its interest in Foley’s Meadowbrook Apartments, a 60-unit complex, for $6.8 million to an undisclosed buyer. Arch has owned the property since 2018. — REBusiness Online

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