Entries Tagged 'Real estate' ↓

Mobile industry sparks rise in Baldwin home sales – FOX10 News | WALA

As Airbus continues to develop its Brookley facility in Mobile and more support industries announce their intent to move in, excitement is building throughout the community. One industry that stands to profit from the growth is real estate, particularly residential home sales.

Just a few short years ago Baldwin County’s real estate boom bottomed out. Subdivisions were abandoned by developers and soon weeds took over. Those days are over now and real estate officials hope it’s for good.

via Mobile industry sparks rise in Baldwin home sales – FOX10 News | WALA.

Baldwin County residential sales in May up 13% from prior year; YTD sales up 15% | AL.com

According to the Baldwin County Association of REALTORS MLS, May residential sales in Baldwin County totaling 514 units reached levels not experienced since 2005 and were 12.7 percent ahead of the same period a year ago. For some perspective, Baldwin County’s best May on record for sales was 2004 when 737 transactions were closed. Year-to-date sales through May are up 15.3 percent from 2014.

via Baldwin County residential sales in May up 13% from prior year; YTD sales up 15% | AL.com.

Old Shell Road Magnet School to become loft apartments | AL.com

Local investors paid $560,000 for 2.5 acres on Ala. 59 across from Tanger Outlet Center in Foley

A bank-owned, 2,125-square-foot former dental office at 25088 E. State St., in Elberta, sold to investors for $113,000

Sarrell Regional Dental Center has leased 2,300 square feet of space at 805 N. McKenzie St., in Foley

The Mobile Film Office is looking to book a condo or house in Orange Beach for actor Nicholas Cage, who will be filming action scenes in the Gulf during the last two weeks of June. Cage will star in the movie “USS Indianapolis — Men of Courage” which begins filming June 19 and features the battleship USS Alabama in Mobile.The film tells the story of the Indianapolis that was sunk by Japanese torpedos in World War II. About 900 crewmen were adrift in shark-infested waters for more than 3 days before the U.S.Navy realized the ship had sunk. Cage has filmed several films on the Gulf Coast

via Old Shell Road Magnet School to become loft apartments | AL.com.

Spanish Fort’s The Arlington at Eastern Shore purchased for nearly $43M | AL.com

Irvine, Calif.-based Passco Companies LLC has purchased The Arlington at Eastern Shore for nearly $42.975 million.

The 300-unit multifamily development in Spanish Fort was acquired using Fannie Mae financing, Gary Goodman, Passco’s senior vice president of acquisitions, said in a prepared statement.

“With increasing population and job growth anticipated in the region, this property is poised for ongoing strong performance, and we are pleased to be able to provide such a concrete asset to our investors,” Goodman said, noting the property has maintained an average occupancy rate of 96.5 percent during the past two years.

via Spanish Fort’s The Arlington at Eastern Shore purchased for nearly $43M | AL.com.

The Wharf welcomes new tenants to Orange Beach | AL.com

A four-bedroom, 4 ½-bath condominium unit at The Yacht Club on Terry Cove in Orange Beach has sold for $1.12 million, according to Tim Herrington of Herrington Realty, who represented the seller. James Calvert of REMAX Gulf Shores The Pro Team worked for the buyers.The 3,200-square-foot furnished unit also included two boat slips.

The House of Jerky has opened at The Wharf on the Intracoastal Waterway in Orange Beach, according to Jeff Barnes of Stirling Properties, who represented the landlord. The new store features a variety of jerky made of beef, alligator,turkey, fish, bacon and other specialty products. The national chain is based in Indiana.

Two condo units on the Gulf Coast will be auctioned next month by Coastal Auction Co. A two-bedroom, two-bath unit in the Back Bay condo complex at 4610 White Ave., in Orange Beach will be offered for sale June 27 at 10 a.m. as part of an estate sale. The 1,080-square-foot unit on Terry Cove unit has been renovated and has new stainless steel appliances. Owners can lease a boat slip in the complex’s 43-slip marina. On June 6, a two-bedroom, two-bath unit in The Landing will be offered for sale at a live auction at 10 a.m. at the condo unit at 1904 West Beach Blvd., in Gulf Shores, according to Coastal.

The Wharf off Canal Road also leased 4,600-square-feet of office space to Keller Williams Realty, according to Jeff Barnes of Stirling Properties. Tom Galloney of Keller Williams represented the real estate agency.

More tenants at The Wharf include Zeal Boutique, a women’s clothing, shoes and accessories store,  AlaGulf Realty, The Hot Spot Music & Grub and Shades which has expanded its existing store location, according to Jeff Barnes.

via The Wharf welcomes new tenants to Orange Beach | AL.com.

New real estate app has local focus   – LagniappeLagniappe

Tech-savvy, Mobile-based Better Homes and Gardens Real Estate Generations (BHGRE) recently announced the launch of Homescope, a consumer smartphone app, specifically designed for the Mobile and Baldwin County areas. Regions covered include Mobile, Semmes, Dog River, Daphne, Dauphin Island, Fairhope, Spanish Fort, Foley and Gulf Shores.

via New real estate app has local focus   – LagniappeLagniappe.

Brett/Robinson plans new 21-floor condo in Orange Beach at former site of proposed Junonia tower | AL.com

Riding the wave of renewed investment on the Alabama Gulf Coast, Brett/Robinson Real Estate and Development Co. is planning its 21st condo project.

The Orange Beach-based company already has work underway on the 22-floor Phoenix Gulf Shores on West Beach Boulevard and now has plans to build a 21-floor Phoenix Orange Beach on a roughly 2.75-acre lot it purchased for $5.5 million.

via Brett/Robinson plans new 21-floor condo in Orange Beach at former site of proposed Junonia tower | AL.com.

Ron Jon Surf Shop opens in Orange Beach; sports bar, two hotels, bike shop, spa to follow | AL.com

The iconic Ron Jon Surf Shop coasted into Alabama last Friday, opening in Orange Beach in the Amber Isle development that will soon add a sports bar and two hotels.

via Ron Jon Surf Shop opens in Orange Beach; sports bar, two hotels, bike shop, spa to follow | AL.com.

Real Estate News

Ross Dress For Less has leased 22,500 square feet of space in Foley Square off Ala. 59 and Pride Drive in Foley, adjacent to the center’s anchor store, Academy Sports Outdoors, according to Josh Burmeister and Buff Teague of JLL, who represented the landlord. Ross Dress For Less sells brand-name clothing, shoes, accessories and housewares at discount prices. Construction on the store space will begin in August. Academy Sports opened its new 62,000-square-foot store last week.

The MR/DD Board paid $80,000 for a lot on U.S. 90 in Robertsdale, and plan to build an office there, according to Joe Steen Real Estate & Development. The board provides services for individuals with intellectual and developmental disabilities.

ProHealth, which provides home health services, has leased 1,300-square-foot office at 105 Lottie Lane in Fairhope, and will open next month,according to Joe Steen Real Estate & Development.

Stirling Properties has been hired as the new leasing and sales agency for Spanish Fort Town Center off Interstate 10 and U.S. 98 in Spanish Fort, according to Stirling’s Angela McArthur and Jeff Barnes, who will handle leasing at the center. The 447,748-square-foot mixed use development on 230 acres is anchored by Bass Pro Shops, JC Penney and Kohl’s. The first step in revamping the center will be the opening of a new community park on 3.5 acres near JC Penney, according to McArthur. The park will open in June and feature a splash pad, children’s park and an outdoor exercise area.

Ron Jon Surf Shop will open later this month and will be the first business to open in Amber Isle at 22753 Perdido Beach Blvd., in Orange Beach, according to store officials. The 7,300-square-foot store will eventually be joined by the Wing Shack, Hotel Indigo and White Sands Resort hotel.

A local builder paid $80,000 for 4.3 bank-owned acres on Perdido Beach Boulevard in Orange Beach adjacent to Gulf State Park, according to Pratt Thomas of Merrill P.Thomas Co., who represented the bank. The property is across the street from the Gulf and has 1.5 acres of wetlands, he said. The developers owed more than $1 million on the land when they gave it back to the bank several years ago. At one time a condo project, Romar Villas, was planned for the property.The buyer, Jeff Patterson, is looking to build a road over that acreage, according to Thomas. Perry Mason of Avast Realty worked for the buyer.

 

Baldwin County residential sales in April up 31% from prior year | AL.com

According to the Baldwin County Association of REALTORS MLS, April residential sales in Baldwin County totaling 491 units reached levels not experienced since 2005 and were 30.6 percent ahead of the same period a year ago. For some perspective, Baldwin County’s best April on record for sales was 2004 when 574 transactions were closed. Year-to-date sales through April are up 16.2 percent from 2014.

Forecast: April results were 52 units or 11.8 percent above our monthly forecast. ACRE’s year-to-date sales forecast through April projected 1,506 closed transactions while the actual sales were 1,630 units, a cumulative variance of 8.2 percent.

via Baldwin County residential sales in April up 31% from prior year | AL.com.

Questions raised about Baldwin County’s property tax revenue | AL.com

Five Alabama counties are trending upward in property tax revenues, while Baldwin County has yet to see an uptick from the same revenue stream since the Recession, according to statistics provided by Interim County Administrator Ron Cink.

Revenue Commissioner Teddy Faust Jr., however, said the county’s revenue figures should show at least a 6 percent increase in the coming year.

Cink’s analysis was presented during a Baldwin County Commission workshop Tuesday, with Commissioner Tucker Dorsey questioning why the county – the fastest growing county in Alabama – was not generating an increase in property tax revenue.

via Questions raised about Baldwin County’s property tax revenue | AL.com.

Baldwin County Commission, Point Clear homeowners group at odds over drainage agreement | AL.com

Baldwin County officials and a property owners association in Point Clear are at odds over an agreement that commissioners say could be precedent-setting by putting county taxpayers on the hook for private subdivision maintenance.

The issue focuses on an easement agreement in which the homeowners’ association would convey the property to the county as part of a stabilization of a washed out stream bank within the Point Clear Stables subdivision south of Fairhope.

via Baldwin County Commission, Point Clear homeowners group at odds over drainage agreement | AL.com.

Valuation notices going to about half of Baldwin County property owners | AL.com

About half of Baldwin County’s property owners will get valuation notices sent to them in the coming days.

It’s a second year of a mailing that costs about half of what it used to for the county’s taxpayers since the county moved away from annual mail-outs to all property owners.

“It’s very expensive to do that (annual) mailing,” Baldwin County Revenue Commissioner Teddy Faust Jr. said Monday. “We were doing that (mailing) back when property values were going down and down. We mailed it every year because we wanted people to see where their value was and build some confidence with the people.”

Approximately 80,000 notices will be mailed on Wednesday to property owners whose values increases more than $1,000 or if there is a new owner.

via Valuation notices going to about half of Baldwin County property owners | AL.com.

Junonia Condominium Project Eyed in Orange Beach Would Be Tallest on Alabama Gulf Coast – Press Release

The Junonia Beach Resort, a top Real Estate Company with their recent condominium project of over 400-feet tall are creating a Bustle in Orange beach, however they aren’t the only beach front construction in progress. Two other condominium projects within a mile of the set 450-foot Ascension and 435-footGrace Location had already acquired the approval of City Council for construction. Junonia Beach Resort emphasizes the significance of notable commercial and public-construction projects in improving the appeal of residential property

The Junonia Beach Resort is one of the bigger and better-known real estate projects presently in construction within the Orange beach Metropolitan-Area. Close to the recommended site on the west side of the Hotel – Hampton Inn, the Junonia condominium project is under construction. Rick Phillips of Gulf Shores, who’d been involved with the Junonia condominium project, has been promoting the 23-story Junonia Beach Resort for the past couple of years through his organization, Southern Advantage Real Estate.

Read more: http://www.digitaljournal.com/pr/2530489#ixzz3Y5qvMCwe

via Junonia Condominium Project Eyed in Orange Beach Would Be Tallest on Alabama Gulf Coast – Press Release – Digital Journal.

Dunkin’ Donuts looks to open 2nd store in Daphne; VW and Kia dealership planned | AL.com

Commercial development continues to grow in Daphne and the latest additions look to be a Dunkin’ Donuts on Alabama 181 and a Volkswagen and Kia dealership in the Renaissance Center.

On Thursday, April 23, the Daphne Planning Commission is scheduled to vote on three site plans at its 5 p.m. meeting at City Hall.

via Dunkin’ Donuts looks to open 2nd store in Daphne; VW and Kia dealership planned | AL.com.