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News
Central Alabama Water clears its $63.9 million debt on schedule
1+ week, 5+ day ago (347+ words) Alabama’s largest water utility cut a $63,890,906 check Tuesday, retiring the 2024 revenue anticipation bond it inherited from the Birmingham Water Works Board. Central Alabama Water borrowed $62,715,000 in September 2024 at a 3.750% fixed rate, due September 1, 2026. The other $1,175,906 was interest. “Paying off the RAB…...
Alabama in running for $434 million Carrier manufacturing plant, nearly 500 jobs
2+ week, 2+ day ago (296+ words) Alabama is in the running for a new Carrier manufacturing plant representing nearly $434 million in investment and almost 500 jobs. Carrier Global Corp., one of the world’s largest heating, ventilation and air conditioning manufacturers, is evaluating Alabama alongside competing sites, including…...
JLL Income Property Trust Acquires Shopping Center in Tuscaloosa, Alabama for $94M
2+ week, 2+ day ago (273+ words) TUSCALOOSA, ALA. — Chicago-based JLL Income Property Trust has acquired Midtown Village, a 345,000-square-foot shopping center located near the University of Alabama campus in Tuscaloosa, for $94 million. The seller requested anonymity. Built in 2007, Midtown Village consists of eight single-story buildings across…...
TVA creates new data center rate to protect North Alabama consumers as power demand surges
2+ week, 4+ day ago (398+ words) TVA’s new data center rate is designed to protect North Alabama households and businesses from absorbing the costs of rapidly growing electricity demand from artificial intelligence and large-scale computing facilities. The Tennessee Valley Authority Board approved changes to its wholesale…...
These are the 10 best places to work in Alabama, according to Forbes
3+ week, 3+ day ago (276+ words) NASA, which employs thousands of people in the Huntsville area through the Marshall Space Flight Center, was named Alabama's best employer in Forbes magazine's annual report on the best companies to work for across the U.S. Efforts to reach representatives for…...
Montgomery ISD adopts lower property tax rate for FY 2026-27 at regular board meeting.
3+ week, 3+ day ago (360+ words) On Aug. 18, the Montgomery ISD board of trustees adopted the fiscal year 2026-27 tax rate, which is lower than the previous tax rate. The reason behind this decision was to pay back Montgomery residents for their recent support and investments, said…...
LivAway Suites® Breaks Ground in Montgomery, Continues Rapid Nationwide Expansion
3+ week, 6+ day ago (199+ words) MONTGOMERY, Ala., Aug. 18, 2026 /PRNewswire/ -- LivAway Suites, one of the nation's fastest growing economy extended stay brands, has broken ground on its first hotel in Alabama, marking the company's entry into the state and another milestone in its continued expansion across…...
Goodgame Company invests $250,000 in UAB St. Vincent’s St. Clair
3+ week, 5+ day ago (516+ words) A Pell City company that helped build UAB St. Vincent’s St. Clair is now putting $250,000 toward the hospital’s future. Goodgame Company Inc. made the contribution through Alabama’s Rural Hospital Investment Program, joining Metro Bank to bring the hospital’s private contributions…...
Tuscaloosa apartments for rent saw price increases since last July - AOL
4+ week, 2+ day ago (342+ words) Renters in Tuscaloosa saw apartment listing prices increase 7% from July 2025's median of $1,400, an analysis of new data from rental marketplace Zumper shows. The typical apartment listed for rent at $1,495 in July. Median listing prices in Tuscaloosa are trending 7% upwards…...
Prudent Growth Partners Announces $3.7 Million Acquisition of Somerset Shoppes in Montgomery, Alabama
1+ mon, 4+ hour ago (467+ words) Prudent Growth Partners, LLC, a private equity real estate investment firm based in Chapel Hill, North Carolina, has completed its $3.7 million acquisition of Somerset Shoppes, a 27,250-square-foot neighborhood retail center located in Montgomery, Alabama. The acquisition expands the firm's portfolio…...