Birmingham Properties News

Colonial Properties Trust to Participate in BMO Capital Markets 5th Annual North American REIT Conference
BIRMINGHAM, Ala.----Colonial Properties Trust , announced today that it will participate in the BMO Capital Markets 5th Annual North American REIT Conference scheduled September 15 & 16, 2010, at The Peninsula Hotel, Chicago, Illinois.

Birmingham council OKs incentives for Pizitz fixup
BIRMINGHAM -- The Birmingham City Council has approved incentives for a developer's $57 million plan to renovate the Pizitz Building, a downtown land­mark that has been shut­tered for about 20 years.

Birmingham City Council approves Pizitz building renovation
BIRMINGHAM,AL (WBRC) - Birmingham City Councilors today approved a deal allowing developers to go-ahead with a $57 million project to renovate and refurbish the old Pizitz building in downtown Birmingham. The project would turn Pizitz into a mixed office and retail space.

Birmingham City Council approves incentives for renovation of former Pizitz building downtown (with slideshow and video)
Bayer Properties hopes to open the building in the summer or fall of 2012.

Orange Beach council agrees to swap firehouse property at The Wharf
Doing so moves the acre pledged to the public by Birmingham-based AIG Baker Shopping Center Properties from land that Regions Bank plans to auction in a Monday foreclosure sale in Bay Minette to a section of The Wharf that is controlled by another lender.

Mortgage write-downs gain appeal
RALEIGH, N.C. - Eager to avoid writing down the loans on their books, banks have been extending many of them with the hope that the market will improve.

REITs on a Run: $290M in Excel, BioMed Deals
SAN DIEGO-Locally based REITs Excel Trust and BioMed Realty Trust have acquired new properties and/or signed contracts for an aggregate of more than $290 million in the San Diego area and in five states outside of California.

Write-downs gaining appeal among banks
Write-downs gaining appeal among banks