ArcTrust acquired a one-story retail property at 2301 John Hawkins Parkway in Hoover, Alabama, from The Luzzatto Co. for $3.1 million or $300 per square foot.
Expecting to be finished in the summer of 2027, Creekside at Brookwood, is a medical office building in the heart of Homewood, Alabama, that is under renovation and designed to accommodate a single‑tenant or headquarters user.
A former Belk department store within a shopping center will be reborn as a sports health care facility after Airway Investments sold the structure to Hammes for $16 million.
The United States Postal Service secured one of the largest industrial leases in the Birmingham, Alabama, area for 2025 when it chose Academy Logistics Center to serve as a processing and distribution center, a deal that earned the transaction a 2026 CoStar Impact Award, as judged by real estate professionals familiar with the market.
Robert Mansell joined Savills as managing director in its Philadelphia office, as the company looks to expand its industrial-focused occupier advisory services in the region. Mansell will work with local and national clients in manufacturing, supply chain and related logistics industries, Savills said.
Savills said it's bolstered its services in the Detroit region with the hiring of Michael Bennett as corporate managing director and Addison Williams as managing director of capital markets. Bennett joined Savills from Colliers, where he served as executive vice president and led strategic partner assignments for General Motors across North America.
Prominent office leases signed by Neel-Schaffer, Howden Insurance and Parker Hennecy negotiated by top dealmakers from Chase Commercial Real Estate and CBRE are among the fourth-quarter office leases recognized by CoStar.
Prominent retail leases signed by Alabama Adult Day, Planet Fitness and Harbor Freight negotiated by top dealmakers from Engel Realty Co. and Harbert Realty Services are among the fourth-quarter retail leases recognized by CoStar.
Saks Global is closing nine of its luxury department stores, including eight Saks Fifth Avenues and one Neiman Marcus, to focus on its most-profitable locations as it navigates bankruptcy proceedings.
Numbers of hotel rooms under construction across four of the UK's leading regional cities increased by more than 50% last year, while high-quality refurbishments dominated office starts, Deloitte’s Regional Crane Surveys show.
An industrial building whose tenants include the U.S. Postal Service has sold in Birmingham, Alabama, with the new owner eyeing a potential redevelopment at a time when the surrounding area is experiencing an increase in adaptive reuse projects.
Major U.S. regional banks are projecting renewed growth in commercial real estate lending after years of reducing risk, citing lower interest rates and credit quality stabilizing across properties.
Net lease real estate investment trust W.P. Carey bought a portfolio of Life Time fitness clubs in Atlanta, Chicago, Washington, and other metropolitan areas for about $300 million.
Real estate services firm Lincoln Property Co. is adding to its capabilities by acquiring a developer of on-campus student housing in a bet on higher education properties.
Luxury and upper-upscale hotels across the southern United States entered fall with mixed fortunes. Through September, revenue per available room, or RevPAR, trends reveal a bifurcated landscape, with some cities thriving on strong average daily rate growth, while others struggle under occupancy pressure.
Prominent retail leases signed by Minnie's Golf & Bar, AutoZone and Velvet & Vine, negotiated by top dealmakers from SRS Real Estate Partners, Engel Realty Co. and Retail Specialists are among the third-quarter retail leases recognized by CoStar.