WIRE News thru 8/30
*This edition includes news through 8/30 due to weekend travel
Vol. 1, Issue 24
Welcome to ACRE's newest initiative- The Alabama Real Estate News WIRE. WIRE is the acronym for "Week In Real Estate" and this product is intended to help real estate professionals, affiliates and consumers follow all the major news stories that impact real estate in Alabama and will come to you just once a week, on Saturday mornings, categorized geographically. We hope this will be a convenient way to catch up on anything you may have missed during the week without interrupting your workday. The WiRE is brought to you weekly compliments of ServisFirst Bank
Statewide & Nationwide

Alabama Residential Report: YTD Sales up 7.8%; Inventory down 9% 

Please Donate to the C. William Barnhill Scholarship Fund! 

Hottest and coldest US housing markets  

Foreclosures Leave Holes In Voter Outreach  

Alabama's foreclosure rate rose year over year  

Isaac threatens billions in property in four states 

North Alabama - Huntsville, Decatur, Florence, Gadsden, Muscle Shoals

Shoals Economic Development Agency proposes purchase of unused industrial park land 

Huntsville voters approve renewal of education property tax 

Boaz council approves annexing property on Medical Center Parkway

Building pemits for Huntsville, Madison and Madison County 

The Villas at Research Park designed for empty-nesters and young professionals 

North Central - Birmingham, Anniston, Bessemer, Pell City, Sylacauga

Mooyah to open first Alabama location in Colonnade  

Colonial Properties Trust sells Tannehill theater for $6.6M 

Work set to begin on Gardendale City Center, Buffalo Wild Wings 

Motion Industries, Bakery Investments renew leases in Avondale 

Future looks bright for Birmingham homebuilding

Mountain Brook approves final payment to construction company for municipal complex 

Southpace completes deals worth more than $20 million in July 

Residential construction up, commercial down in Birmingham market 

Regions Field Construction Continues (photo) 

Retirement home proposed for Patchwork Farms site in Vestavia Hills 

Bessemer courthouse may be relocated in former mall 

West Alabama Tuscaloosa, Black Belt 

Tuscaloosa's Silver Lining: Summit Heralds Post-Storm Real Estate Climate 

ACRE Report:Tuscaloosa Home Sales in July Up 3% from Prior Month; YTD Sales Up 2.7%   

Tuscaloosa eases zoning rules for development by Capital Growth-Buchalter 

Downtown Tuscaloosa hotel deal moves near completion 

South Central - MontgomeryAuburn, Lake Martin, Phenix City

ACRE Report: Montgomery home sales in July up 10.7% from a year ago; YTD Sales up 14.7% 

Mark Barrs, MAI, CCIM Appointed to UA's ACRE Leadership Council 

Auburn set to spend $1.3M to renew area around parking deck

Auburn named among best small cities by Money Magazine 

Four new stores coming to Montgomery's Festival Plaza 

Selma's Forrest monument dispute feels like deja vu

Wiregrass DothanAndalusia, Enterprise, Eufaula, Troy

ACRE Report: Dothan's housing affordability index rises 16% from last year 

Bingo building owner wants to abandon Chapter 11 bankruptcy 

Dealing with demolition; Long, costly process for city to demolish unsafe structures 

Gulf Coast - Mobile, Baldwin County, Gulf Shores, Orange Beach

ACRE Report: Baldwin County home sales in July up 12% from a year ago; YTD Sales up 5% 

Bank-owned beach house sells for $1.24 million in Gulf Shores 

Is it possible to build new Mobile high school football stadium for $2 million?

Mobile County school board cancels meeting to discuss construction funds 

Early Isaac Loss Estimates In; State Farm and Allstate Most Exposed 

ACRE Outreach Events - Please RSVP

Save the Date for these ACRE events!
Baldwin County Networking & Business Development Reception- October 23
Mobile Area Networking & Business Development Reception - October 25
Birmingham Commercial Networking Reception - November 15
 
More details coming soon about these events. 
To keep up with ACRE, follow us on Twitter @uaacre and facebook! 
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Past Issues
May 25







The WIRE compiled by ACRE Interns
William Ming MS Marketing Class of 2013