Alabama

JCCG Underway on 250-Unit Build-to-Rent Community in Loxley, Alabama

by Abby Cox February 27, 2026

LOXLEY, ALA. — Jim Chapman Construction Group (JCCG) is underway on the construction of The Cottages at Loxley, a 250-unit build-to-rent residential community located in Loxley, a city in Alabama’s Baldwin County. The firm broke ground on the project in January, with vertical construction slated to begin later this year. Situated on roughly 51 acres along I-10, The Cottages at Loxley will comprise single-family rental homes ranging in size from 1,000 to 1,493 square feet, featuring open-concept layouts and attached private garages. Planned amenities will include a clubhouse, swimming pool, fitness center, onsite property management and 24-hour emergency maintenance. The community is designated to serve families within the Baldwin County Public Schools system, including Loxley Elementary School, Central Baldwin Middle School and Robertsdale High School.

February 27, 2026

Alabama Development Mixed-Use Multifamily Southeast

Essex Capital, Ascend Begin Leasing 545-Unit Residences at Front Row in Huntsville

by John Nelson February 25, 2026

HUNTSVILLE, ALA. — A joint venture between Essex Capital and Ascend Property Group has begun leasing at The Residences at Front Row, a 545-unit multifamily community in downtown Huntsville. Move-ins for the first 190 apartments are targeted for June, according to the development team. The property is the first phase of Front Row, a $220 million mixed-use development that will feature residences, offices and 50,000 square feet of shops and restaurants surrounding a central green space, as well as art installations and outdoor patios. In addition to Essex Capital and Ascend, the development team of The Residences at Front Row includes affiliates of Silverstein Properties, Cantor Fitzgerald and Arctaris Impact Investors. Other project team members include Crunkleton Associates (retail broker), Torti Gallas + Partners and Matheny Goldmon (architects), Vida Design (interior designer), ARCO/Murray (general contractor) and The VOREA Group (construction oversight).

February 25, 2026

Alabama Development Retail Southeast

IKEA to Open 46,000 SF Store in Huntsville, Marking Retailer’s First Location in Alabama

by Abby Cox February 20, 2026

HUNTSVILLE, ALA. — IKEA U.S. has announced plans to open a 46,000-square-foot store in Huntsville, making it the Swedish retailer’s first location in Alabama. Set to open on Feb. 25, the new, small format store will be located at 6125 University Place Drive within the University Place Shopping Center. The landlord was not disclosed. IKEA says the store will showcase more than 5,000 products and a variety of fully furnished room settings and will include a central planning area for personalized design consultations, an “As Is” department with sustainable furnishing options for purchase and its Swedish in-store restaurant.

February 20, 2026

Acquisitions Alabama Multifamily Southeast Student Housing

Marcus & Millichap Brokers $26.5M Sale of Multifamily Portfolio in Auburn, Alabama

by John Nelson February 3, 2026

AUBURN, ALA. — Marcus & Millichap has brokered the $26.5 million sale of a three-property multifamily portfolio in Auburn. The properties include Vue on Dean (61 units constructed in 1977), Vue on Glenn (72 units built in 1974) and Vue on Ross (54 units completed in 1964). Josh Jacobs of Marcus & Millichap’s Birmingham office represented the seller and procured the buyer in the transaction. Both parties requested anonymity. The seller recently invested $3.3 million to upgrade 90 percent of the portfolio’s unit interiors as well as update the properties’ landscaping, painting and re-branding.

February 3, 2026

Alabama Industrial Leasing Activity Southeast

Graham & Co. Negotiates 1.4 MSF Industrial Lease in Montgomery, Alabama

by Abby Cox February 2, 2026

MONTGOMERY, ALA. — Graham & Co. has negotiated a full-building lease at Air-Port Commerce Center, a 1.4 million-square-foot industrial facility located at 2855 Selma Highway in Montgomery. The former Big Lots Distribution Center — which closed in mid-2025 after the retailer’s bankruptcy — sits on 100 acres and is adjacent to Coca-Cola Bottling Co. United and the Montgomery Intermodal Container Transfer Facility site. Ogden Deaton and John Coleman of Graham & Co., along with Allen Garstecki of JLL, represented the landlord, ARES Management, in the lease negotiations. The tenant was not disclosed.

February 2, 2026

Acquisitions Alabama Industrial Southeast

Coro Realty Purchases 239,370 SF Industrial Property in Birmingham

by John Nelson January 29, 2026

BIRMINGHAM, ALA. — Coro Realty has acquired a 239,370-square-foot industrial facility located at 3501 1st Ave. N in Birmingham’s Eastside submarket. Tripp Alexander and Will Canary of Colliers represented Coro Realty in the $13.8 million transaction. Jake Viverette and Will Redding with The Overton Group, along with Edwin Moss and Benjamin Bottcher of JH Berry, represented the undisclosed seller. Bobby Norwood of JLL arranged an undisclosed amount of acquisition financing on behalf of Coro Realty via Seacoast Bank. Originally built in 1965, the property was fully leased at the time of sale to tenants including the U.S. Postal Service, Division 7 Supply and Sara Sells. The infill facility is situated on a nine-acre site near downtown Birmingham and I-20 and features 20 dock-high doors, LED lighting and a rail spur with potential connectivity to an active Norfolk Southern line.

January 29, 2026

Alabama Loans Multifamily North Carolina Southeast

Dwight Mortgage Trust Provides $88.4M in Loans for Three Southeast Multifamily Assets

by John Nelson January 20, 2026

TUSCALOOSA, ALA. AND FAYETTEVILLE, N.C. — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has closed two loans totaling $88.4 million for the refinancing of three apartment communities in the Southeast. The properties include Mosaic Apartments, a 456-unit community in Tuscaloosa, and two complexes in Fayetteville totaling 312 units: Britt Lake and Woodland Village. Moshe Feiner of Sevenstone Capital worked along with Andrew Tichy of Dwight Mortgage Trust to arrange the five-year, fixed-rate loans on behalf of the borrowers, private high-net-worth investors that used the loan proceeds to refinance existing debt, cover transaction costs and fund interest reserves.

January 20, 2026

Acquisitions Alabama Retail Southeast

JLL Income Property Trust Acquires Westbury Square Shopping Center in Huntsville for $32M

by Abby Cox January 12, 2026

HUNTSVILLE, ALA. — JLL Income Property Trust has acquired Westbury Square, a 115,000-square-foot shopping center located in Huntsville, for $32 million. Tenants at the center, which was fully leased at the time of sale, include T.J. Maxx, Michaels, Stein Mart, Metro Diner, Chicken Salad Chick, Captain D’s, BB&T, Moe’s Southwest Grill, Jenny Craig, Jimmy John’s and Cricket Wireless. Cushman & Wakefield represented the undisclosed seller in the transaction.

January 12, 2026

Acquisitions Alabama Multifamily Southeast

Marcus & Millichap Brokers $5.6M Sale of Apartment Community in Birmingham

by John Nelson January 8, 2026

BIRMINGHAM, ALA. — Marcus & Millichap has brokered the $5.6 million sale of Pineview Pointe Apartments, a 141-unit community located in Birmingham’s Center Point neighborhood. Josh Jacobs and Lloyd Escue of Marcus & Millichap’s Birmingham office represented the seller, an entity doing business as Pineview Pointe LLC, in the off-market transaction. The buyer was not disclosed. Built in the 1970s, Pineview Pointe features a mix of one- and two-bedroom, garden-style apartments.

January 8, 2026

Alabama Development Hospitality Mixed-Use Retail Southeast

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

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