Southeastern Development Relocates Regal’s Headquarters to Knoxville

{Full Article Here} KNOXVILLE, TENN. — Southeastern Development Associates has signed Regal Entertainment Group to a lease that relocates its world corporate headquarters to downtown Knoxville. The company is the world’s largest theater chain with nearly 7,500 screens. Regal will occupy a nine-story, 178,000-square-foot office building located on the Tennessee River in Southeastern Development’s One Riverwalk mixed-use development. Upon completion, …

Huntsville, AL: GE Aviation announces $200 million investment, 300 new Alabama jobs

{ Full Alabama Today Article Here } GE Aviation announced Tuesday its plans to invest $200 million in the Yellowhammer State to create adjacent factories on 100 acres in Huntsville. The plan will create up to 300 jobs when the factories are operational later this decade. The announcement was made at the Alabama State Capital in Montgomery by GE Aviation’s Vice President of the CMC Programs, …

Multifamily Lending Hits $195.1B, on Pace to Break 2014 Record

{ Full BISNOW Article Here } Last year, multifamily lenders provided a total of $195.1B in new mortgages for five-plus-unit apartment buildings, a 13% increase from 2013, the Mortgage Bankers Association reported. The lending came from a range of lenders (2,876, to be exact), with two-thirds making five or fewer loans. The borrowing also came from a range of borrowers, …

McKee Foods announces $102 million expansion, new jobs

http://studio.ndnmediaservices.com/timesfreepress?ndn.trackingGroup=91692&ndn.siteSection=chattanooga_nws_loc_sty_pp&ndn.videoId=29843159&freewheel=91692&sitesection=chattanooga_nws_loc_sty_pp&vid=29843159 { Full Article Here } Collegedale-based McKee Foods Corp. is expanding, investing $102 million and creating about 50 new jobs over the next five years. This expansion includes new equipment for manufacturing, an onsite state-of-the-art conference center and an office building. “We’re thrilled to be increasing our production capacity and supporting the community we love through new jobs and …

Blackstone Leads Deal to Buy Stuyvesant Town Housing Complex

{ Full Wall Street Journal Article Here } Stuyvesant Town and Peter Cooper Village, a sprawling collection of 11,200 apartments that rode the boom and bust of the real-estate cycle, is set to be sold to Blackstone Group LP and another large investor for about $5.3 billion, people familiar with the matter said. The deal, in which Blackstone is partnering …

$4.3M retail development planned for Avondale

{ Full Birmingham Business Journal Article Here } Robert Ferrara and Blue Oak Development are thinking inside the box on a new retail development concept in Avondale. They are planning a $4.3 million project called Box Row Avondale that is made entirely of shipping containers that will be used to house boutiques, cafes, restaurants and galleries. The development will be …

Japanese auto supplier to build $100 million, 300-job plant in Jasper

{Full AL.com Article Here} Japanese auto supplier Yorozu Corp. will build a $100 million metal stamping facility in Jasper and create 300 jobs, Gov. Robert Bentley announced today. The facility will provide suspensions and other components to several auto assembly plants. Construction is expected to start by January, with operations beginning in July 2017. Information about incentives for the project …

Lawyer plans massive mixed-use project on Third Avenue North

{ BBJ Article Here } Local attorney Eric Guster is buying the former Red Cross building on Third Avenue North with plans to redevelop it into a mixed-use building that will include restaurant, retail, office and residential space. Guster plans to renovate the 140,000-square-foot building at the corner of Third Avenue North and 23rd Street North, which has been vacant …

Meet the newest tenants at Station 121

{ Birmingham Business Journal: Full Article Here } The space continues to fill up at the Station 121 development at the corner of Second Avenue South and 20th Street in downtown Birmingham. The newest tenants are two local companies with popular followings. Salon U and raw juice bar Sprout and Pour are planning a collaboration in a 2,444-square-foot space, according …

Mercedes plans $1.3B expansion in Tuscaloosa County

{ Full Article Here } Mercedes-Benz U.S. International on Thursday announced a $1.3 billion expansion that will add another 300 jobs at the automaker’s Tuscaloosa County operations. The expansion will add a new body shop to support the new generation of SUVs from the automaker, according to the Economic Development Partnership of Alabama. The expansion will be one of the …