Millions of New Households Could Soon Form

{ full article here } SEATTLE—Stagnant incomes and rising rents left the US with an unprecedented number of doubled-up households as people moved in together to make ends meet. That is according to locally based Zillow. The firm says that all those roommates have changed the American housing landscape, with 5.4 million households that would exist under normal conditions instead …

Whole Foods Market to open Hoover location

{ full article } Shoppers in Hoover will soon have more healthy grocery options, following an announcement that Whole Foods Marketwould open a location in the Birmingham suburb. Whole Foods currently has one Alabama location in Mountain Brook, according to areport from Fox 6, which is located inCahaba Village Plaza and opened in 2007. “We’re excited to announce that@WholeFoods will …

Forum to explore whether downtown Mobile needs more residential real estate

{ full article here } MOBILE, Alabama — The Downtown Mobile Alliance will hold a symposium on residential real estate Thursday, centering on the question of whether the downtown area need more multi-family homes. The two-hour long session will start at 3 p.m. at the Center for Living Arts followed by a reception. Professionals with backgrounds in real estate market analysis, …

Apartment Living: It’s Not Just For Millennials

{ full article here } WASHINGTON, DC—The apartment market is firing on all cylinders—or to be more precise, it is firing across all four areas of the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions. For the third quarter in a row the four areas the index measures—market tightness, sales volume, equity financing and debt financing–all rose over …

Investors Keep Piling Into Apartments

{ full article here } Investors are on trackto buy more multifamily properties this year than they did last year—impressive considering that last year apartment sale topped the peak year of the last real estate boom. “Markets continue to perform at peak levels… with near-term, pocketed softening on the horizon,” according to the “Multifamily Outlook” for Fall 2014 from Jones …

Move over A320: Mobile final assembly line will produce larger A321 aircraft for Airbus

{ full article here } MOBILE, Alabama – In a bid to meet rising demand for its larger aircraft, Airbus Group confirmed Tuesday to Reuters its final assembly line under construction in Mobile will produce the A321 jetliner instead of the previously announced A320. Reuters reports Airbus Americas President Barry Eccleston told an audience in Seattle that the European planemaker is switching gears to allow the $600 …

Chicago-based Coyote Logistics to occupy downtown Saks building

{ full article here } Chicago-based Coyote Logistics has inked a lease to occupy the Saks building on First Ave. N. in downtown Birmingham. Currently located at Two Perimeter Park, Suite 305 West, the transportation and logistics service provider plans to move to its new location at 1904 First Ave. N. by the end of January or first of February …

First look: Bristol Development’s 246-unit Clairmont Avenue apartment project

{ full article } BIRMINGHAM, Alabama – Tennessee’s Bristol Development Group has released details and the first rendering on its Clairmont Avenue apartment project – including a pet grooming station and a bike repair site. Bristol will break ground on the 246-unit complex early 2015, and it will feature one, two and three bedroom apartments. The rents will range from $1,100 to $2,450 …