State: Alabama - AL

Preferred Apartment Communities Inc. has paid $50 million, or $160,256/unit, for the Retreat Greystone, a newly-built apartment property with 312 units in Birmingham, Ala. The Atlanta REIT bought the property at 201 Retreat Drive from Tynes Development of Birmingham. The ...

General Growth Properties last month bought out its partner's interest in the Riverchase Galleria shopping center in suburban Birmingham, Ala., paying $33.8 million for its 50-percent stake. It also paid off the property's modified CMBS loan and will leave the ...

Daniel Corp. has paid $31 million, or about $100/sf, for the Financial Center, a 311,201-square-foot office property in Birmingham, Ala. The Birmingham company purchased the 18-story building, at 505 20th St. North, from Allegiance Realty Corp. in a deal brokered ...

Preferred Apartment Communities Inc. has provided $21.1 million of financing that will be used to fund the construction of a 271-unit apartment property in Birmingham, Ala. The property, Park 35 on Clairmont, is being developed by Bristol Development Group of ...

The CMBS financing against Riverchase Galleria in suburban Birmingham, Ala., once again has been transferred to special servicing. But this time it's because the collateral property's owner, a venture led by General Growth Properties Inc., is planning to sell the ...

Forum Real Estate Group has paid $42.1 million, or $101,691/unit, for the 414-unit Colony Woods apartment complex in Birmingham, Ala. The property, at 2000 Colony Park Drive, is 95 percent occupied, with monthly rents ranging from $805/unit to $1,299/unit. It ...