WIRE News thru 2/9
Vol. 2, Issue 6
Welcome to ACRE's weekly digital publication - the WIRE. WIRE is the acronym for "Week In Real Estate". Delivered weekly, on Saturday mornings, the WiRE is categorized geographically and is designed to help real estate professionals, affiliates and consumers follow all the major news stories that impact real estate in Alabama.  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 compliments of the ACRE Corporate Cabinet.
ACRE Corporate Cabinet News

Beech Street Capital Closes $32.5M In Loans for Embassy Group's Apt. Portfolio Purchase

Wells Fargo Special Commentary: Alabama's Big Wheels Keep on Turning 

Renasant to acquire First M&F 

Statewide & Nationwide

Real Estate Conference (ACREcon) Draws Record Crowd 

Alabama Year-End Residential Report: Sales up 5.9% in 2012; 72% of local markets show improvement from 2011 

Texas firm wants to build wind farm in Alabama

UA's Real Estate Center Names Two New Board Members 

Alabama Housing Market Expanded in 2012

Feds file suit over S&P mortgage bond ratings

Buy real estate with your IRA (Stewart Welch)

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

Shoals Area Residential Sales Up 8.3% In 2012 

Antique dealer's quest to open a shop inside a historic Decatur home

Huntsville invites retail developers to bid on 25 acres at John Hunt Park

Madison County $8 million in state funding for 2 road projects

Huntsville home prices increase 6.6 percent in December

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

Acquisitions fuel strong 4Q for Medical Properties 

Construction of Red Mountain Expressway underway

Apartment developer plans $10M revamp of Stonewall Building 

Aliant Bank reports growth in deposits, mortgage lending

ATRIP projects announced for St. Clairc

Colonial adjusts earnings after lawsuit

Hoover City Council shifts $1.37 million from Valleydale to Chapel Lane 

Birmingham home prices take a tumble in December 

Tampa seafood restaurant to anchor down in Patton Creek 

Real Estate Roundup: Down on Uptown? 

Colonial sells Charlotte retail center for $94.4M 

West Alabama - Tuscaloosa, Black Belt

UA Trustees approve $1.875M in Shelby Quad upgrades 

UA launches website as resource in off-campus housing searches

South Central - Montgomery, Auburn, Lake Martin, Phenix City

Lee County Residential Sales Up 9% in 2012 

Wiregrass - Troy, Dothan, Enterprise
Gulf Coast - Mobile, Baldwin County, Gulf Shores, Orange Beach

Mobile Area Residential Sales Up 2% in 2012 

Condo sales along Gulf Coast finish strong; Up 9.3% in 2012 

Bellator Market Update

Colonial loses $13M fraud lawsuit in Baldwin

Realty Executives BayShores honors Cynthia McAllister

Burton Property Group buys Jubilee Square for $37 million 

Unveiling of Bienville Square "Great Public Space Award" Plaque 

Mobile area housing prices shrink in December
WiRE compliments of
For more information, contact Grayson Glaze (205) 348-7714. 
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