Satsuma
Real Estate
Investors pay mega bucks for mega property at Port of Chickasaw
Local and out-of-town investors paid $6.5 million for the Tecnico Corporation property on Viaduct Road at the Port of Chickasaw, according to Cameron Weavil of The Weavil Company, who handled both sides of the transaction. The 23-acre site in Chickasaw includes three buildings totalling 180,000 square feet of warehouse space and 2,000 feet of pier space. Tecnico will move out and new tenant leases have been secured.
These two Alabama cities are building some of the largest apartments in the nation
Cities across the United States and adding lots of new apartments and they are building them smaller, but that’s not necessarily true in Alabama. And that’s definitely not true in two of the state’s largest cities, where Mobile and Huntsville are now building some of the biggest apartments in the nation.
Meet Taylor Atchison, Mobile real estate developer with an eye for historic restoration
A Mobile native, Taylor Atchison began his work in his parent’s furniture store, Atchison Home. He later struck out on his own, restoring historic homes and later working on larger-scale developments. Today, he has his own company, Atchison Real Estate and Development, and serves on the Mobile City Planning Commission.
Home Buyers in Mobile, AL Are Making Some of the Smallest Down Payment in the Country
High demand for housing during the COVID-19 pandemic, along with limited supply, created a strong sellers market that resulted in record-breaking home values. At the same time, mortgage lenders and sellers were able to demand concessions from buyers facing steep competition. While these conditions have changed in recent months, buyers in many markets are still forced to put down a large down payment. According to realtor.com, a real estate data platform, the average down payment for a single family home hit 14% of a home's...
Terry Cove land sale brings mega bucks
A Texas investor paid $22 million cash for almost 24 acres on Terry Cove off Captain Trent Lane in Orange Beach and plans to develop The Abaco, a 240-unit condominium complex, according to Bob Shallow of Re/Max Paradise, who handled both sides of the transaction. The project will feature a huge lazy river and boat docks with slips for sale. Presales and construction will start next year.
Historic building sells in Midtown Mobile
A local developer paid $1.17 million for 36 acres on Hadley Road in Foley, according to Jeff Barnes and Steadman Bethea of Stirling, who handled the transaction. The land has been approved for a residential subdivision. A local investor paid $1 million for the Lewis Communications building at 1668 Government...
WAWA leases land in Fairhope
Out-of-state investors paid $4.9 million for a 106,208-square-foot retail building at 5425 U.S. 90 in the Tillman’s Corner area of Mobile, according to David Dexter and Leigh Rendfrey of CRE Mobile, who handled the transaction. America’s Thrift Store will continue to operate in the 50,854-square-feet of space in the building they have occupied since 2007. The new owners will convert the remaining space into a climate controlled self-storage facility. It was previously occupied by Alorica.
Many residents at R.V. Taylor Plaza, Thomas James Place are relocating due to plans of demolition
MOBILE, Ala. (WKRG) — Two apartment complexes that are decades old will soon be torn down. The federal government says it is too costly to renovate R.V. Taylor Plaza and Thomas James Place. Opting instead to tear down most of the complexes’ units, displacing hundreds of low-income families. However, The Mobile Housing Authority has found […]
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