Real Estate News

• Investors bought 19 units and 14 boat slips at Vista Bel la on Ole River in Orange Beach according to Bob Shal low of REMAX Paradise in Orange Beach and one of the buyers. The units’ mortgages were bought from Regions Fi nancial , and the purchase price was not disclosed. The units were appraised at $9 million, Shallow said. The units are priced at $500,000 and up, and at one time were selling for $1 million or more. Thirty-one of the 50 units have sold in the 14-story complex.
• Curves, a women’s fitness center, has leased 1,625 square feet on Professional Park Drive in Robertsdale, according to Richard Mann of Prudential Cooper & Co. commercial division
• Nail Décor has leased 1,100 square feet in Twin Oaks Shopping Center on Ala. 59 in Robertsdale and will open later this month
• The Hendrix Co. , a building supply firm, has leased 7,500 square feet of warehouse space off Railroad Road in Loxley

Real Estate News