Alabama

Dobbins Group Delivers 475-Unit Apartment Community in Birmingham

by John Nelson July 30, 2026

BIRMINGHAM, ALA. — Dobbins Group has delivered Colina Hillside, a 475-unit apartment community located at 1121 Colina St. in Birmingham. Capstone Building Corp. served as the general contractor for the project, which comprises one-, two- and three-bedroom apartments across multiple four- and five-story buildings. Monthly rental rates range from $1,390 to $3,050, according to Apartments.com. Amenities at Colina Hillside include two saltwater pools with private cabanas, a fitness center, pet spa, dog parks, clubhouse with coworking areas, firepit and outdoor entertainment venues, EV charging stations, garages, storage space and a market for residents.

July 30, 2026

Acquisitions Alabama Retail Southeast

IPA Brokers $23.1M Sale of Publix-Anchored Shopping Center in Alexander City, Alabama

by John Nelson July 28, 2026

ALEXANDER CITY, ALA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $23.1 million sale of The Gateway at Lake Martin, a grocery-anchored shopping center in east-central Alabama. Built in 2024, the 93,352-square-foot center is situated on a 22-acre site at the intersection of U.S Highway 280 and Ala. Highway 63 in Alexander City. The Gateway at Lake Martin’s tenant roster includes Publix, Marshalls, Starbucks, Rack Room Shoes and Five Below, as well as four outparcels that were not part of the transaction. Zach Taylor of IPA’s Atlanta office, along with Robby Pfeiffer and Eric Abbott of Marcus & Millichap, represented the seller, a repeat developer of Publix-anchored shopping centers, in the transaction. Eddie Greenhalgh served as Marcus & Millichap’s broker of record in Alabama. Anita Paryani and David Fierroz of IPA Capital Markets arranged an undisclosed amount of acquisition financing for the buyer, an entity doing business as Calhoun Shores LLC, which purchased the center along with a grocery store in Naples, Fla., leased to Sprouts Farmers Market. David Weinberg, Jacob Keith, Greenhalgh and Ryan Nee of Marcus & Millichap procured the buyer along with Scott Sutphin of Jet Properties.

July 28, 2026

Acquisitions Alabama Healthcare Southeast

JLL Arranges Sale of 45,904 SF Outpatient Medical Facility in Florence, Alabama

by John Nelson July 23, 2026

FLORENCE, ALA. — JLL has arranged the sale of Singing River Cancer Center, a 45,904-square-foot outpatient medical facility located at 180 Cox Creek Parkway S in Florence, a city in North Alabama’s Tennessee Valley region. Purpose-built on a 6.6-acre site in 2020, Singing River is a single-story cancer center operated by OneOncology affiliates. Evan Kovac, Andrew Milne, John Chun, Matt DiCesare and Timothy Joyce of JLL’s Medical Properties Group represented the seller, Cypress West Partners, in the transaction. The buyer, a joint venture between Remedy Medical Properties and Kayne Anderson Real Estate, purchased Singing River for an undisclosed price.

July 23, 2026

Acquisitions Alabama Retail Southeast

FrostPoint Capital Acquires 22,069 SF Metro Birmingham Retail Center for $5.6M

by Abby Cox June 30, 2026

HOOVER, ALA. — FrostPoint Capital has acquired Lake Crest Plaza, a 22,069-square-foot retail center located in Hoover, roughly 10 miles south of Birmingham, for $5.6 million. The seller requested anonymity. The property, which was fully leased at the time of sale, features a mix of 13 tenants including Whiskey Foxtrot Burger Dive, Oak & Ale and Cajun Cleaver. Crawford Square Real Estate Advisors will manage and lease the center, along with FrostPoint Capital.

June 30, 2026

Acquisitions Alabama Seniors Housing Southeast

SLIB Arranges Sale of 54-Unit Seniors Housing Community in Tuscaloosa

by John Nelson June 18, 2026

TUSCALOOSA, ALA. — Senior Living Investment Brokerage (SLIB) has arranged the sale of an assisted living and memory care community located in Tuscaloosa. Built in 1994 and 2003, the property comprises 54 units. Dan Geraghty, Jeff Binder and Brad Clousing of SLIB represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

June 18, 2026

Alabama Development Hospitality Southeast

Travel + Leisure Breaks Ground on $150M Sports Illustrated Resort Near University of Alabama

by Abby Cox June 1, 2026

TUSCALOOSA, ALA. — Travel + Leisure Co., a vacation ownership and membership travel company, has broken ground on the $150 million Sports Illustrated Resort near the University of Alabama in Tuscaloosa. Slated to open in 2028, the planned mixed-use resort will feature a six-story tower with 75 hotel-managed condominiums and a six-story tower with 86 vacation ownership units, which will be connected by a central lobby. Owners and guests will have access to a lounge with stadium-style seating for watch parties, as well as a fitness center and pool deck amenities. The development will include retail and public-facing gathering spaces, including indoor/outdoor bars, a game lounge and a coffee bar. Plans also include a broadcast booth and rooftop terrace event space. Upon completion, the development will become the first ground-up collegiate Sports Illustrated Resort in the country, and will join previously announced projects in Baton Rouge, Nashville and Chicago. Travel + Leisure Co. operates, develops and manages the Sports Illustrated Resorts brand and its vacation club under a license from Authentic Brands Group, the owner of the Sports Illustrated name.

June 1, 2026

Acquisitions Alabama Industrial Southeast

Northmarq Arranges $19.5M Sale of Distribution Facility in Auburn

by John Nelson May 21, 2026

AUBURN, ALA. — Northmarq has arranged the $19.5 million sale of a 160,000-square-foot distribution facility located at 2250 Riley St. within Auburn Technology Park West in Auburn. Robert Poirier led Northmarq’s Atlanta team that represented the seller, SiO2, which previously owned and occupied the facility. The buyer was INFAC. Built in 2012 and situated on approximately 40 acres near I-85, the property features distribution space and approximately 28,000 square feet of “pharmaceutical-grade” clean room space. The fully air-conditioned building also offers 29- to 31-foot clear heights, eight dock doors with dock levelers, one oversized drive-in door, 2,000-amp electrical switchgear and 48 parking spaces.

May 21, 2026

Acquisitions Alabama Retail Southeast

Halpern Acquires 74,224 SF Shopping Center in Athens, Alabama

by John Nelson May 13, 2026

ATHENS, ALA. — Atlanta-based Halpern Enterprises has acquired Athens Marketplace, a 74,224-square-foot shopping center located at 1061 Kelli Drive in Athens, a western suburb of Huntsville. Drew Fleming and Mark Joines of Newmark represented the privately held seller in the transaction. The sales price was also not disclosed. Built in 2024, Athens Marketplace was fully leased at the time of sale to T.J. Maxx, Ross Dress for Less, Ulta Beauty, Five Below, Rack Room Shoes, America’s Best Contacts & Eyeglasses, High Cotton Nail Bar and Therapy South.

May 13, 2026

Acquisitions Alabama Multifamily Southeast

Newmark Negotiates $64M Sale of Apartment Community in Huntsville

by John Nelson May 6, 2026

HUNTSVILLE, ALA. — Newmark has negotiated the $64 million sale of The Liam at Hays Farm, a 329-unit apartment property located within the 850-acre Hays Farm master-planned community in south Huntsville. Greystone purchased the property from a joint venture between Bomasada Group and an affiliate of The Wolff Co. Justin Uffinger and Sarah Nee of Newmark represented the seller in the transaction. Built in 2024, The Liam at Hays Farm features one-, two- and three-bedroom apartments, as well as a resort-style swimming pool, Zen courtyard with a fireside lounge and a modern fitness center. The sale is the largest multifamily deal in the Huntsville market since 2023, according to Newmark.

May 6, 2026

Alabama Market Reports Office Southeast Southeast Market Reports

Birmingham’s Office Market: Stabilizing, Adapting and Gaining Momentum

by John Nelson May 4, 2026

We hear this question a lot: “How is commercial real estate doing in Birmingham?” Many people assume our market is experiencing the same volatility seen in national headlines over the past few years. The reality is a bit different. Birmingham is actually a stable market. While we certainly feel broader economic shifts, our office sector has avoided many of the dramatic swings seen in larger metro areas and is gradually positioning itself for future growth. To set the stage, Birmingham’s office market consists of approximately 18.8 million square feet of multi-tenant inventory across five submarkets, four of which include Class A properties. Overall absorption for fourth-quarter 2025 totaled negative 35,336 square feet following a positive third quarter. However, the market still finished the year with 56,786 square feet of positive net absorption. Occupancy remained largely stable throughout the year, with the overall vacancy rate holding at 19.8 percent. Direct vacancy improved slightly to 16.6 percent by year-end. Leasing activity also remained steady across the market. In total, 640,255 square feet of office space was leased in 2025, representing an approximately 14 percent increase compared to the amount of office space leased in 2024. Class A transactions accounted for more than …

May 4, 2026

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