WIRE News thru 3/1
Vol. 2, Issue 9
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 adjustable rate loan for Birmingham apartments

Leitman, Siegal, Payne & Campbell, P.C. joined the ACRE Corporate Cabinet 

Brasfield & Gorrie to build Tractor Supply HQ

Regus to Open Fourth Birmingham Office

Balch & Bingham lands $4.71 million verdict 

Statewide & Nationwide

ACRE Report: Alabama Residential Sales Improve by 6.7% in January 

Realtor rally at the state house & capitol, March 5

Alabama foreclosures fall in 2012

Alabama homeowners received $101 million as part of mortgage settlement 

New home sales rise almost 16%

JPMorgan to scale back troubled-mortgage jobs

US pending home sales rise to highest since 2010

Rate on 30-year mortgage declines to 3.51%

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

Gadsden Area Residential Sales Up 23.5% in January

Proposed $1.3 billion retail development in Decatur 

Huntsville's December foreclosure rate falls

Gadsden expanding water line to spur development

East Clinton Elementary wants to turn historic property into 11 residential lots 

Twickenham Square construction will close part of Gallatin Street 

FirstBank Mortgage Partners adds three in Huntsville

Decatur on quest for upscale housing

Decatur is throwing around 'lofty' ideas

Decatur retail project would dwarf Bridge Street

Soldier at odds with homeowners association over flag

Downtown Huntsville 'economic renaissance' but remains a work in progress

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

Justin Dyar ("Mr. Smith Lake"), Appointed to UA's ACRE Leadership Council 

Jesse P. Evans III Appointed to UA's ACRE Leadership Council 

Lamberth named president and chief executive of Russell Lands Inc. 

Birmingham foreclosures, delinquencies fall in December  

Apartment developer to build 215-unit complex near Patchwork Farms 

Montevallo Middle School concerns

The Fresh Market to open this fall at Colonial Brookwood Village

Jefferson County committee accepts $2.9 million bid for nursing home property

Iberiabank adds two to Birmingham commercial banking unit 

Birmingham housing market maintains positive momentum, permit data show 

Hampton Inn Colonnade in Birmingham changes hands

Medical Properties Trust to issue 9 million shares of stock

Trinity's planned move to 280 fuels deal activity

West Alabama - Tuscaloosa, Black Belt

Hard to justify taking private property for trail in Tuscaloosa 

Tuscaloosa City Council gets update on status of storm recovery projects

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

Montgomery Area Residential Sales Up 17.9% in January

New restaurant Acre coming to Auburn

Auto suppliers fuel Montgomery construction business

Events planned for Women in Construction Week in Montgomery

State-of-the-Art Carmike Cinema May Open on Chantilly Parkway in 2014 

Wiregrass - Dothan, Enterprise, Troy

South Alabama leaders worried about possible budget cuts at Fort Rucker

Sequestration concerns cancel major economic development in Dothan 

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

Mobile Area residential sales up 4%

Condo inventory continues to shrink along Gulf Coast

Entertainment district in Mobile should include those who want in it 

Bills would pave way for hotel and conference center at Gulf State Park 

Plan to build football stadium for 3 Mobile County schools scratched, for now 

Who should get $2 million reimbursement: Baldwin or Cattle and Fair group?

Price of land examined in corruption trial of Bayou Mayor Stan Wright

Nonprofit official testifies she warned Bayou Mayor about federal housing project

Mobile City Council asks for $175,000 to develop Airbus construction offices

17 Mobile County schools, Barton getting portions of $100 million

Baldwin County wants BP grant for boat launch facility at Live Oak
WiRE compliments of
For more information, contact Grayson Glaze (205) 348-7714. 
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