State: Alabama - AL

Birmingham Business Journal Heller/Stone Properties of California has purchased Enclave at Mountain Brook, a 508-unit apartment complex in Birmingham, Ala., for $24.2 million, or about $47,368/unit. Freddie Mac sold the property, on 50 acres at 4816 Sharpsburg Circle. The buyer ...

Birmingham Business Journal The ownership group that recently acquired the Thomas Jefferson Tower in Birmingham, Ala., is planning to redevelop the 20-story property that's also known as the Leer Building. Plans call for 100 apartment units as well as 7,000 ...

Birmingham Business Journal Raia Properties Corp. has purchased The Hill, a 122-unit apartment complex in Birmingham, Ala., for $22.9 million, or about $187,705/unit. Arlington Properties Inc. sold the property at 1840 Oxmoor Road, which it developed in 2011 for $20 ...

Cypress Equities has paid $38.5 million for Colonial Promenade Tannehill, a 421,000-square-foot retail property in Birmingham, Ala. Cypress, a Dallas investment manager that earlier this year launched an effort to raise up to $300 million that it would invest in ...

Birmingham Business Journal Work is expected to begin in January on the 228-unit LIV Parkside apartment project near Railroad Park in Birmingham, Ala. The $30 million project is going up on the 1700 block of First Avenue South and will ...

Birmingham Business Journal Developers Steven Corbett and Juston Trimback have proposed a 228-unit apartment complex in Pelham, Ala. The Grand Reserve at Pelham is being planned for Huntley Parkway next to a Publix supermarket. It is expected to cost $23 ...

Hendricks-Berkadia represented Arlington Properties Inc. in its sale of the 223-unit Tapestry Park Apartments in Birmingham, Ala. The property, at 801 Montclair Road, was purchased by Steadfast Income REIT Inc. of Irvine, Calif., for $32.4 million, or about $145,292/unit. The ...