March 31, 2026
Birmingham, Alabama-area retail property sells to private developer
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.
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March 26, 2026Medical office building under renovation anchors Brookwood redevelopment in Homewood, Alabama
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.
March 25, 2026Belk anchor store gets new life as sports health center
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.
March 25, 2026Big postal service lease turns vacant logistics center into economic engine
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.
March 20, 2026Savills adds Philadelphia director; Newmark expands industrial team; Portillo's names development chief
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.
March 5, 2026Alabama credit union buys former medical office building in Birmingham to accommodate growth
An Alabama credit union has acquired a former medical office building in downtown Birmingham to provide space to serve its growing membership.
February 23, 2026Savills expands Detroit team; Hilco names receivership advisory chief; JLL hire targets Tennessee projects
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.
February 12, 2026Top office leases recognized for Birmingham
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.
February 12, 2026Top retail leases recognized for Birmingham
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.
February 10, 2026Saks Global to close eight Saks Fifth Avenue locations, one Neiman Marcus
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.
February 3, 2026Crane survey: Hotel rooms boom and office refurbishments rise across regions in 2025
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.
January 30, 2026Alabama industrial property sells in potential redevelopment project
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.
January 20, 2026Regional banks went quiet on commercial property loans. They’re turning up the volume again.
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.
January 6, 2026W.P. Carey works out deal for national portfolio of Life Time fitness clubs
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.
December 22, 2025Avison Young expands DC tenant team; JLL hire targets Atlanta business; Gilbane promotes Southeast executive
Avison Young expands DC tenant representation team; JLL hire targets Atlanta office business; Gilbane promotes Southeast executive
November 18, 2025Lincoln Property buys student housing developer in bet on higher ed
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.
November 14, 2025Luxury and upper-upscale hotels face diverging paths across southern states
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.
November 13, 2025Southwire to expand Alabama factory as demand rises for electric power supplies
Electric cable manufacturer Southwire plans to more than double the size of an Alabama plant amid surging global demand for electric power supplies.
November 7, 2025Luxury bedding retailer Boll & Branch plans more store growth
Luxury bedding retailer Boll & Branch next year plans to build on its national growth after doubling its store fleet in 2025.
November 3, 2025Top retail leases recognized for Birmingham
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.