A major change to office space in downtown Huntsville is taking shape with the demolition of a pair of decades-old buildings located on Seminole Drive. Breland Companies initiated the demolition of the old K&M Glass buildings. The goal is to make room for a new 60,000 square foot Class A office building, which will complement […]
Mortgage application volume dropped by 7.2% last week, a drop that the Mortgage Bankers Association is attributing to intense competition among buyers for a relatively small number of units available. Across the nation, applications for mortgages for purchasing homes specifically declined by 11% over the week, which represented a total drop of 20% year-over-year. This […]
Hanley Investment Group Real Estate Advisors, a real estate brokerage and advisory firm specializing in retail property sales, has recently facilitated the sale of a newly constructed, single-tenant net lease investment property in Huntsville, Alabama. The property is occupied by Strickland Brothers 10 Minute Oil Change and is situated within a new Publix-anchored shopping center, […]
Essex Capital and Ascend Property Group have jointly announced the successful closure of a $115 million construction financing deal for Front Row. This substantial project, located in the heart of Huntsville’s downtown area, is positioned to be one of the Southeast region’s largest and most anticipated developments. Front Row will span over 11 acres, comprising […]
The Huntsville Area Association of Realtors (HAAR) has released its annual report for 2023, as well as the report for the month of December specifically. 2023 was a year defined by the interest rate shock, which reverberated throughout the entire real estate market. Would-be buyers found homeownership a more daunting prospect as 30-year fixed mortgage […]
Housing and Real Estate statistics taken from the end of December 2023 indicate that the phenomenon of would-be buyers holding off until mortgage rates decline – an effect known as “lock-in” by the industry – has begun to weaken. This suggests that 2024 could see a turnaround from the sluggish pace seen since the twin […]
Bank Independent announced the promotion of Kris Bell to Business Development Officer for Madison County. “The creation of the Business Development Officer role demonstrates our commitment to meeting deposit demand through relationship-based business development,” Bank Independent CEO Rick Wardlaw said. “As Business Development Officer, Kris will serve as an ambassador of the bank’s mission, vision, and values within the […]
Over the past few years, a variety of changes have happened in North Alabama that have altered the landscape of the Rocket City. Once a rather quiet, smaller southern city, Huntsville has experienced an explosive influx of people. The catalyst for such population demographics in Huntsville, which surpassed the population of Birmingham back in 2021, […]
During Huntsville City Council’s most recent meeting, the Council passed a resolution assigning a zoning designation to Drake Farm, which is slated to be a major development for Huntsville. Huntsville City Council approved the rezoning of the 88.78 acre Drake Farm site, lying on the north and south side of Cecil Ashburn Drive, and east […]
HUNTSVILLE, AL – Huntsville City Council adjourned their last meeting of the year this past Thursday with yet another full slate on the agenda. The Council ended a busy, and at times exciting, schedule in 2023 with a vote that authorized $4 million in Emergency Rental Assistance (ERA2) Program funds to Meridian Commons Ltd., which […]
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