{ Full Article Here } Dear young people who are deep in the struggle of life as adults: Would you like to pay a little less to sleep in your bed at night? If your answer is “yes, a lot,” perhaps you should consider shipping off to Missouri. The state is home to two of the cities where millennials are most likely to …

{ Full Article Here } RemSourceUSA, Inc., a leading automotive accessory manufacturer, announced today it will build a $4 million plant in Ooltewah and add 89 jobs. The automotive supplier, an affiliated company of Remington Industries, Inc. and Remington Global Inc., will manufacture injection molded plastic parts and compound rubber parts from a 63,000 square foot facility in Ooltewah. “Chattanooga offers …

{ Full Article Here } SYKES Enterprises is set to open a new customer service support center in east Montgomery by September and hire 500 workers over three years, officials announced today. Half of those employers will be hired this year, SYKES North America operations Senior Vice President Rob Duncan said, during a press conference held at the Montgomery Area …

{ Full Article Here } Google plans to build a $600 million data center in Stevenson, according to Gov. Robert Bentley. The center — Google’s seventh in the U.S. and 14th worldwide — will bring 75-100 “high-paying” jobs to Jackson County in northeast Alabama, Bentley said. Construction will begin in 2016. “This a fantastic and exciting day for Jackson County,” said …

BERLIN—Spanish automotive supplier Gestamp is planning to open a new pressing plant in Chattanooga, Tenn., to supply Volkswagen AG, according to people familiar with the situation. A formal announcement is planned for next Tuesday. VW has invited journalists to a news conference to announce a “major economic development” in Chattanooga. Gestamp will create 500 new jobs at the plant, which …

{ Full Article Here } A Nashville investor has bought a 96-unit apartment complex in Homewood for $3.1 million. Highland Homewood Investments bought Oxmoor Ridge Apartments at on Edgecrest Drive, representing the group’s first in Alabama. The group has plans to renovate the exterior and interior of the property. New Lexington Properties II of Tuscaloosa sold the complex, which was …

{ Full Article Here } The Scenic City lived up to its name: Chattanooga is a two-time winner of Outside magazine’s Best Town title. Chattanooga defeated  Port Angeles, Wash., with more than 52 percent of the final round voting, winning by a  67,432-to-62,130 vote margin in a final round that almost consistently had it outpacing the tiny Northwest city. Chattanooga …

{ Full Article Here } 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 …

As prices surge in big cities, investors go hunting in places like Buffalo and Birmingham { Full Article Here } As prices for multifamily properties in big cities escalate, some investors are setting their sights on smaller markets where prices are lower and yields are higher. These investors are following the lead of companies like Wilkinson Group Inc., an Atlanta-based …

Just 2.4% of the 2006/2007 CMBS backed by Manhattan properties faces challenges in refinancing. { Full Article Here } NEW YORK CITY—The wave of 10-year CMBS maturities is set to roll in beginning in 2016, and while it will be a massive wave, it’s not likely to come crashing ashore with tsunami-like force. Not according to Real Capital Analytics, which …