Choose your location
Birmingham Business Journal
BBJ's 2024 Inno Under 25 spotlight honorees revealed
The BBJ's Inno Under 25 spotlight showcases some of the area's most promising young innovators who are acting now to kickstart their careers.<\p> By thinking global and acting local, these young people are making their presence known, and all are age 25 and younger. In choosing the nominees, the BBJ sought recommendations from within the region's startup community.<\p>
Million Dollar Monday: Custom-built Bham mansion on market for $2.9M
A custom-built mansion has hit the market for $2.9 million.<\p> Built in 2012 by the owner, the estate is located at 2628 Wenonah Oxmoor Road, only minutes from downtown Birmingham. The 16,264-square-foot house sits on a 3.5-acre lot and has seven bedrooms and 10 bathrooms.<\p>
New UAB MedWest hospital to open after six-year-long project
UAB Medical West’s new $400 million hospital in McCalla is finally set to open after a longer-than-expected building process. <\p> Though they’re still waiting on final checks from the state, MedWest administrators expect the hospital to officially open the first week of August. <\p>
Prominent business owner plans to open commissary kitchen
A commissary kitchen is in the works for a Birmingham neighborhood. <\p> Zebbie Carney, owner of Eugene's Hot Chicken, is planning a kitchen for property he purchased at 5501 Georgia Road in Woodlawn. <\p>
Alabama-based company plans $280M expansion, 1,000-plus jobs
An Alabama-based shipbuilder plans to expand through a massive financial infusion and job boost. <\p> Austal USA will expand its Mobile shipyard, adding another waterfront assembly facility. The investment totals over $288 million and will create 1,032 new jobs. <\p>
How Dulce Rivera is changing Bham's food and culture scene
Since high school, Dulce Rivera aspired to turn her love for business and leadership in a managerial role. <\p> After graduating from Samford University’s Brock School of Business in 2017, she eventually reached that goal by becoming CEO of Mi Pueblo Supermarket, the largest multicultural store in Alabama, in 2020. Named as an honoree for BBJ’s 2024 Class of 40 under 40, Rivera was just 28 years old when she started in her executive position. A family-run grocery chain, Rivera’s father founded the store nearly 20 years ago. <\p>
Businesses, agencies ramp up backup systems after global tech outage
The global technology outage caused by a CrowdStrike update pushed to Microsoft Windows devices impacted everything from airlines to banks Friday morning — and reinforced the need for companies to have procedures in place to handle disruptions when they occur.<\p> Systems were gradually coming back on line by late morning.<\p>
Large national law firm relocating to Financial Center
A large national law firm will relocate its Birmingham office to the Financial Center downtown.<\p> Gordon Rees Scully Mansukhani LLP (GRSM) is relocating its office to 505 20th St. N., Suite 1650 on Aug. 15, according to a news release from the company. The firm’s local office was previously located in the Shipt Tower, which recently entered receivership.<\p>
Alabama Business Hall of Fame unveils 2024 class
The 2024 Alabama Business Hall of Fame class has been unveiled, and four prominent Birmingham leaders are among the seven-member class.<\p> This year’s inductees include Rob Burton of Birmingham, Raymond Harbert of Birmingham, Thomas Harris of Hope Hull, Dr. Marnix Heersink of Dothan, Thomas Lowder of Birmingham, Claude Nielsen of Birmingham and Nick Saban of Tuscaloosa. <\p>
Ross Dress for Less to opening in Homewood
A discount department store is opening this week along a highly traveled corridor in Homewood. <\p> Ross Dress for Less will open Saturday at 120 Wildwood Parkway. The store carries clothing, shoes, home decor and more. <\p>
Alabama Theatre nears million-dollar renovation project completion
The Alabama Theatre is finishing renovations that will transform and impact its space downtown. <\p> Renovations kicked off May 24 and have continued through the summer. The renovations and repairs are scheduled to be complete this week, except for a few remaining elements. The project involved renovating the theater's dressing rooms, repairing paint and plaster, constructing a new tech booth and installing a make-up air unit to help with humidity control. <\p>
Local tech firm using grants to tackle knee surgery complications
A Birmingham biotech company is using $392,000 in grant funding to develop a biologic material to reduce infection and scarring after knee replacement surgery. <\p> Endomimetics, a local early-stage bio-medical device company founded in 2016, was awarded $292,000 as part of the Small Business Innovation Research (SBIR) grant by the National Institutes of Health (NIH) in November 2023 and $100,000 from Innovate Alabama on July 9. <\p>
The National Observer: Distress rises for apartment owners
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals network of publications. Today, we'll take a look at the challenges of finding new tenants as two prominent drug store chains close stores, uncertainty around new rules on brokers in the home buying sector, and Big Lots' plan to close dozens of stores as doubts arise around its solvency over the next year. But for our top story we're going to examine distressed debt in the multifamily sector.<\p> Get more stories like these every day in your inbox by subscribing to The National Observer newsletter. <\p>
Cheeseburger brand backed by NFL pro plans metro Bham spots
A cheeseburger brand is planning to open eight new locations in Birmingham and North Alabama.<\p> Smalls Sliders, which is famous for restaurants outfitted in bright-colored shipping containers, aims to open locations in Trussville, downtown Birmingham and in the northern part of the state. <\p>
How a California investor lost control of Birmingham's tallest tower
A property portfolio holding Shipt Tower and four Inverness Center buildings entered a receivership earlier this year, as the BBJ previously reported, due to court orders from county judges.<\p> On April 9 and 10, Eighteenth Judicial Circuit Court of Alabama Judge Lara M. Alvis in Shelby County and Tenth Judicial Circuit Court of Alabama Judge Javan Joille Patton in Jefferson County appointed Matthew Mason, managing director at Dallas-based business advisory firm Riveron, as receiver. A receiver has the authority to take management and operating control of assigned properties with the intent of stabilizing them. <\p>
The ghost effect: Another sign the job market has dramatically shifted
Three years ago, many employers reported the phenomenon of being "ghosted" by job candidates.<\p> In yet another sign of the shifting labor market, the shoe is now on the other foot, with companies now abruptly ceasing communication with candidates. <\p>
Major South Alabama bridge project wins $550M grant
A major bridge project in Mobile could be underway next year.<\p> The Mobile River Bridge and Bayway Project won a $550 million discretionary grant, according to a recent release from Gov. Kay Ivey’s office. Building a new Interstate 10 Bridge and Bayway from Mobile to the Eastern Shore of Baldwin County is a decades-long project.<\p>
The Red Barn names new leader
A local nonprofit has tapped a new executive director. <\p> Shannon Horsley is now the executive director of The Red Barn, a nonprofit founded by Joy O’Neal in 2012 to provide therapeutic horseback riding services to children with disabilities, especially those from low-income households. <\p>
Birmingham Business Journal
5K+
Posts
946K+
Views
The Birmingham region's source for local business news, breaking news alerts, newsletters, business intelligence and local business networking. An American City Business Journals publication.
Welcome to NewsBreak, an open platform where diverse perspectives converge. Most of our content comes from established publications and journalists, as well as from our extensive network of tens of thousands of creators who contribute to our platform. We empower individuals to share insightful viewpoints through short posts and comments. It’s essential to note our commitment to transparency: our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. We strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation. Join us in shaping the news narrative together.