Murfreesboro-based TDK Construction is plowing $19 million into a 30-building development on the West side of Mobile. One competitor is not impressed.
"We certainly have an abundance of apartments online or coming online and there is not a need for any more," said Maxime, vice president of property management at Delaney, which has more than 2,000 apartment units.SEE ALSO: 'Boro developer planning Chattanooga apartments
Nov 30, 2009 10:54 AM
San Antonio-based SWBC has acquired six mortgage production offices from Texas to Georgia, including one in Brentwood. The buyer is mum about the seller, which appears to be New South Federal Savings Bank, a struggling institution regulators have ordered to find a buyer in the next month. New South's former address east of Interstate 65 is now registered to SWBC, which also runs offices in Hendersonville and Spring Hill. SEE ALSO: Building anew as well as other mortgage tidbits
Nov 24, 2009 8:22 AM
Low-profile investment firm Carter-Haston has partnered with an Ohio company to acquire a 414-unit apartment complex on the south side of Birmingham. The two companies paid Colonial Properties Trust almost $25 million for the 15-year-old property.
Nov 19, 2009 10:50 AM
Coffee Health Group, the holding company for some North Alabama hospitals former Province CEO Marty Rash wants to buy, has hired Shattuck Hammond to help it hammer out a plan and a timeline that will focus on "marrying the ideals of Coffee to potential buyers."
Nov 16, 2009 10:55 AM
Trinity Medical Center, a 534-bed Birmingham hospital run by Community Health Systems, has recruited a 22-person sports medicine and orthopedics practice. The doctor running the group – who also is medical director of the new United Football League and Major League Soccer – already is looking to expand across Alabama.
Nov 3, 2009 10:30 AM
After a couple of quiet months, RegionalCare Hospital Partners, the latest venture headed by serial health care entrepreneur Marty Rash, has offered to buy an Alabama health system whose 2008 revenues fell short by $8 million and is tightening its belt big time.
The board has approved a $172 million budget for the fiscal year, which began July 1, and hospital administrators laid off between 65 and 70 full-time employees in July to reduce its personnel expenses.Rash launched RegionalCare in July with fellow Province alum John Rutledge and $300 million in Warburg Pincus backing. Until now, the company had been conspicuously invisible. SEE ALSO: Our recent story on the gathering hospital M&A wave
Oct 15, 2009 8:29 AM
The Birmingham office of Waller Lansden earlier this month welcomed ex-federal prosecutor William Athanas to its ranks. Athanas spent eight years with the Justice Department, most recently as an Assistant U.S. Attorney in Alabama's Northern District.
Oct 12, 2009 8:16 AM
The bankrupt restaurant chain Santa Fe Holding has closed at least 10 of its almost 30 roadhouse-style eateries since filing to restructure its finances in July. In Columbus, Miss., things appear to have gone smoothly enough, but in Tuscaloosa, Ala., the process of winding up shop last week included some weapon brandishing that called for law enforcement intervention.
“He started running his mouth at me,” Pate said, “and that’s when I went to my truck and got my shotgun, requesting strongly that he should leave my property.”SEE ALSO: Our July story on Santa Fe's Chapter 11 filing
Oct 5, 2009 7:37 AM
In a tale of two suns, Madison-based Suncrest Healthcare has signed a deal to buy three home health care businesses from SunLink Health Systems for $3.3 million. The deal with Atlanta-based SunLink (Ticker: SSY) will lift SunCrest's locations to more than 20.
Sep 14, 2009 2:45 PM