Alabama

RCP Unveils Plans for $300M Mixed-Use Expansion at MidCity District in Huntsville

by John Nelson December 23, 2025

HUNTSVILLE, ALA. — RCP Cos. has unveiled plans for MidCity Arts + Innovation, a 12-acre development within the larger $2.2 billion MidCity District in downtown Huntsville. The project represents a $300 million investment and will expand the development’s master plan by three city blocks along Sanderson Road. MidCity Arts + Innovation will be anchored by MidCity Live, a 3,000-seat indoor music venue jointly designed by Matheny Goldmon Architects and Urban Design Associates. RCP will name an operating partner for the venue in early 2026. MidCity Live will join The Orion Amphitheater, an existing 8,000-seat music venue within MidCity District. Other components of the expansion will include a new location for The Camp, an outdoor venue and community gathering space; two hotels, including a 200-room, music-branded hotel; a tech-centric office campus developed by the Apollo Coalition nonprofit; and approximately 60,000 square feet of new retail and entertainment space.

December 23, 2025

Alabama Georgia Industrial Market Reports North Carolina South Carolina Southeast Southeast Market Reports Virginia

Tariffs Are Moving the Needle for Manufacturing, Distribution Demand on the I-85 Industrial Corridor

by John Nelson December 23, 2025

More than seven months have passed since Liberation Day, where the Trump administration declared a sweeping package of tariffs for foreign trade partners and specific commodities, including steel and aluminum. Since the announcement in early April, there has been a boon in the amount of multibillion-dollar advanced manufacturing, life sciences, semiconductor and data center investment announcements around the country, with the markets along the I-85 Industrial Corridor being no exception. To name a few: Toyota has recently begun production at its $13.9 billion battery plant in Liberty, N.C.; Rivian broke ground on its $5 billion electric vehicle plant near Social Circle, Ga.; JetZero is planning to create 14,500 jobs for an aerospace manufacturing facility in Greensboro, N.C.; Eli Lilly is developing a $5 billion pharmaceutical manufacturing facility in the Richmond suburb of Goochland County, Va.; and Google is developing a trio of data centers in metro Richmond’s Chesterfield County. “We have incredible momentum bringing business back into the United States, which is going to drive industrial growth, particularly in the Southeast,” says Jim Anthony, CEO and founder of APG Companies. “We’re not unionized, we have lower taxes, fewer regulations and lower cost of energy, which is huge factor in site …

December 23, 2025

Alabama Development Southeast Student Housing

Landmark Properties, Manulife to Develop 825-Bed Student Housing Project Near Auburn University

by Abby Cox December 15, 2025

AUBURN, ALA. — A joint venture between Landmark Properties and Manulife Investment Management has acquired a 3.3-acre development site at 141 Wright St. near Auburn University in Alabama. The partnership will soon break ground on The Mark Auburn, an 825-bed student housing community that is expected for completion in fall 2028. The mid-rise development will offer 329 fully furnished units in studio through five-bedroom floorplans. Amenities will include a clubhouse, rooftop swimming pool, Jumbotron, fitness center, sports simulator, study lounge, café, computer labs and grilling areas and fire pits. The community will also offer 853 parking spaces alongside bicycle/scooter storage. The development team for the project includes Peninsula Investments, BKV Group and Landmark Construction.

December 15, 2025

Alabama Loans Retail Southeast

CBRE Arranges $57M Refinancing for 422,337 SF Power Retail Center in Birmingham

by John Nelson December 11, 2025

BIRMINGHAM, ALA. — CBRE has arranged a $57 million loan for the refinancing of Brook Highland Plaza, a 422,337-square-foot power retail center located on 52 acres along U.S. Highway 280 in Birmingham. Richard Henry, Mike Ryan, Brian Linnihan and Taylor Crowder of CBRE’s Debt & Structured Finance team in Atlanta arranged the loan through an undisclosed life insurance company on behalf of the borrower, First National Realty Partners. Brook Highland Plaza was 94.4 percent leased at the time of sale to tenants including Sprouts Farmers Market, Best Buy, Burlington, HomeGoods, Michaels, Shoe Station and Ashley Home Furniture.

December 11, 2025

Acquisitions Alabama Multifamily Southeast

Marcus & Millichap Brokers $7.5M Sale of Willow Terrace Apartment Community in Troy, Alabama

by Abby Cox November 17, 2025

TROY, ALA. — Marcus & Millichap has brokered the $7.5 million sale of Willow Terrace, a 128-unit apartment community located in Troy, approximately 47 miles south of Montgomery, Ala. Built in 1974 on 6.5 acres, Willow Terrace includes a mix of one-, two- and three-bedroom floorplans ranging in size from 675 to 1,194 square feet, according to Apartments.com. Amenities at the complex include a swimming pool, fitness center, laundry facilities and onsite property management. Josh Jacobs of Marcus & Millichap represented the seller, an entity doing business as Willow Terrace Apartments LLC, in the transaction. The buyer was not disclosed.

November 17, 2025

Alabama Development Industrial Southeast

HDA Leads 325,000 SF Adaptive Reuse Project for Gulf Distributing in Downtown Mobile, Alabama

by John Nelson November 12, 2025

MOBILE, ALA. — HDA has announced the completion of the new headquarters for Gulf Distributing in downtown Mobile. The project was an adaptive reuse of the vacant Press-Register Building, a 1950s-era printing press, into a 325,000-square-foot beverage distribution facility. HDA’s design included renovating 225,290 square feet of existing space, an 85,040-square-foot warehouse expansion, a new 4,960-square-foot vehicle maintenance facility and a 9,166-square-foot covered cooperage for the production of barrels and tubs. Other members of the project team were not released. Founded in 1973, Gulf Distributing is a beer distributor that operates across Alabama, the Florida Panhandle and Mississippi. The family-owned company employs approximately 1,300 people and partners with more than 140 suppliers.

November 12, 2025

Acquisitions Alabama Hospitality Southeast

Marcus & Millichap Brokers $11M Sale of New Spark by Hilton Hotel in Birmingham

by Abby Cox October 16, 2025

BIRMINGHAM, ALA. — Marcus & Millichap has brokered the $11 million sale of Spark by Hilton Birmingham Colonnade, a 122-room hotel located at 4300 Colonnade Parkway in Birmingham. The hotel’s amenities include a bagel bar, lounge, indoor swimming pool, onsite market, 24-hour fitness center, pet-friendly rooms and complimentary breakfast. Originally opened in first-quarter 2025, the four-story hotel sits on roughly 2.3 acres. Jack Davis, Joce Messinger, Joseph Simpson and Eric Webster of Marcus & Millichap represented the seller in the transaction. Eddie Greenhalgh was Marcus & Millichap’s broker of record in Alabama. The buyer and seller requested anonymity.

October 16, 2025

Acquisitions Alabama Hospitality Southeast

PHD Hotels Acquires 111-Room Aloft Birmingham Soho Square Hotel in Alabama

by John Nelson October 2, 2025

HOMEWOOD, ALA. — Opelika, Ala.-based PHD Hotels Inc. has acquired Aloft Birmingham Soho Square, a 111-room hotel located at 1903 29th Ave. S in Homewood, a suburb of Birmingham. An institutional investor sold the hotel for an undisclosed price. Tim Osborne of Hunter Hotel Advisors’ Chattanooga office brokered the transaction. Aloft Birmingham Soho Square is a hospitality component within the Soho Square mixed-use campus and features meeting space, an indoor pool and a 24-hour fitness center, along with Re:fuel, a grab-and-go snack bar, and the W XYZ Bar, which offers craft cocktails and live music.

October 2, 2025

Acquisitions Alabama Southeast Student Housing

Walker & Dunlop Negotiates Sale of 452-Bed Student Housing Community Near Auburn University

by John Nelson September 26, 2025

AUBURN, ALA. — Walker & Dunlop has negotiated the sale of The French Quarter, a 452-bed student housing community located near Auburn University in Alabama. Built in 1997 and renovated in 2023, the property features New Orleans-inspired architecture and offers 207 units in one-, two-, three- and five-bedroom configurations. Shared amenities include a pool, lounge, student center, café, dog park, community green space and a fitness center. Patrick Chisholm, Brian Malone and William Scott sold the property to Matt Genesio and Collegetown Communities for an undisclosed price. Chris Epp, Matthew Chase, Craig Miller, Holden Penn, Ben Sarna, Sarah Foronda and Naomi Bludworth of Walker & Dunlop represented the seller in the transaction. Will Baker, William Shell and Mike Shropshire, also with Walker & Dunlop, arranged acquisition financing on behalf of the buyer. The sales price and loan amount were not disclosed.

September 26, 2025

Alabama Build-to-Rent Development Multifamily Single-Family Rental Southeast

Trilogy, Pinnacle Underway on Phase I of Build-to-Rent Development in Huntsville

by John Nelson September 22, 2025

HUNTSVILLE, ALA. — Trilogy Investment Co. and Pinnacle Partners have completed lot delivery and horizontal construction for Phase I of REV3 at The Celeste, a 172-unit build-to-rent (BTR) townhome community on Plummer Road in Huntsville. The development partnership plans to begin vertical construction in the fourth quarter. Trilogy is funding the project in part with its BTR Opportunity Zone fund, which is focused on developments in the Sun Belt region. REV3 at The Celeste will feature three-bedroom townhomes with 2.5 bathrooms, open-concept layouts, stainless steel appliances, LVP flooring, smart home technology and attached garages. Amenities will include a resort-style pool with a shaded cabana, clubhouse with gathering spaces, fitness center and outdoor grilling areas. Trilogy and Pinnacle plan to begin leasing in the second quarter of 2026 and deliver REV3 at The Celeste in third-quarter 2026.

September 22, 2025

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