News

Source: Birmingham News For most of 2010, those who work on the front lines of Birmingham’s commercial real estate industry have said it “feels like” things are getting better. The problem is that in the real estate business, like NCAA recruitment allegations, it takes more than a feeling to convince those who have a stake … Read More

Source: The Birmingham News Sister companies that own Taco Bell and Sonic restaurant franchises have purchased a building in Liberty Park for $2.4 million with plans to make it their new corporate headquarters. Tacala LLC and Boom Foods LLC, which operate 162 Taco Bell and 70 Sonic locations, respectively, plan to move from the current … Read More

Source: Bizjournals.com American Lumber said it will transform the former Georgia-Pacific facility in Tarrant into a manufacturing facility. The Texas-based company recently closed the purchase of the 98,000-square-foot facility, which Georgia-Pacific used to manufacture corrugated paper, but did not disclose the purchase price. According to LoopNet, the asking price was $2.2 million. And it plans … Read More

Source: Bizjournals.com Local contractor P&M Mechanical said it recently purchased a new building north of Birmingham to relocate and add more jobs. Terry Wideman, a principal of P&M, said the company paid $995,000 for the new building off Carson Road and plans to add up to 35 new employees over the next year and a … Read More

SANTA ROSA BEACH, Fla. – Young Professionals @ the Beach (YP@TB), the area’s premier organization for up and coming business men and women, were the lucky guests to tour the nearly completed Northwest Florida Beaches International Airport (ECP) in Panama City on April 14th. The local group boarded a tour bus guided by Access Public … Read More

Source: The Birmingham News – article by Michael Tomberlin Nextran Truck Center’s Birmingham operation has purchased its building and adjacent property as it pursues expansion. Officials at the Jacksonville, Fla.-based network of medium and heavy-duty truck sales and service centers spent months looking around the metro area for a new site to buy but ended … Read More

Source: Birmingham Business Journal – by Lauren B. Cooper BBVA Compass recently signed a multiyear lease for more than 50,000 square feet of space at SurModics Pharmaceuticals’ new facility off Lakeshore Parkway. The bank is taking the space in SurModics’ 130,000-square-foot office tower, which it purchased in 2008 along with a distribution center that was … Read More

Source: Birmingham Business Journal John Coleman of Graham & Co. represented GE Capital in the disposition of the former Expressions Cabinetry facility in Gadsden. The 55,000-square-foot building was purchased by United Caseworks and will continue to be used for cabinet manufacturing. Coleman also represented Thistle Properties in the acquisition of a 10,000-square-foot office warehouse off … Read More

Source: Birmingham News A cabinet company is taking over space and equipment left behind by another cabinet company in Gadsden. United Casework paid $775,000 for the 55,000 sf former Expressions Cabinetry facility in Gadsden. United also purchased the equipment in the building from the former lenders and is preparing to begin manufacturing cabinets by June, … Read More

Source: Birmingham News Waste Pro USA Inc. plans to invest $3.2 million in an operation in Tarrant that could eventually have up to 125 workers as the company collects garbage contracts with communities throughout the metro area. Longwood, Fla.-based Waste Pro has leased the 121,750-square-foot former Clean Earth Environmental building off Pinson Valley Parkway near … Read More