• Investors paid more than $40 million for two upscale apartment complexes: the 228-unit Lenox Gates on Hillcrest Road in Mobile and Ashley Gates , 166 units on Van Avenue in Daphne, according to Realtors
• Gulf Coast Development has purchased almost 5 acres on Alabama 59 and Baldwin County 28 in Summerdale for $400,000 and plans to build an 80,000-square-foot, climate-controlled warehouse and boat and RV storage facility
• Local developers Smith Craig Enterprises paid $355,000 for a ½-acre lot near Baldwin County 48 and Alabama 181 in Fairhope and plan to build Bay Wash II , an automated car wash
• A local investor sold at auction 210 acres on Baldwin County 91 and 93 in Lillian for more than $2.09 million or an average $9,953 per acre. he investor also sold a 100-front-foot lot on Mobile Bay on Fort Morgan for $231,000

Investors buy upscale apartments