Curran
Research Services
News & Analysis

Kathy Jumper
Mobile Bay Times
... the people and places, politics and culture of the Mobile Bay area 
Tell a friend about this page
Sign InView Entries
Google
 
Become a Subscriber
LINKS
Drane Insurance

Slate

Salon

RealClearPolitics

Instapundit

Drudge Report

American Thinker

Southern Political Report

Real American Stories

Jag Fever
CPA's

Accounting, Auditing & Bookkeeping

1110 Hillcrest Rd. 
 Mobile, AL 36695-4044
   
251.639.9111 
Welcome to the Mobile Bay Times, an electronic magazine devoted to the politics, people, places, issues and history, food and good times in the Mobile Bay area. Please check back for regular updates, features and commentary. Subscribe for just 16 cents a day. Ad slots available for every budget.
Click to:
to Mobile Bay Times or by mail.
Building Relationships
251/652-6565
 The Real Deal

Mobile apartments sell for $98 million;
Bimini Bob's opens at Wharf;
Major theme park operators eyeing Foley

By Kathy Jumper
Mobile Bay Times
An out-of-town investment firm paid $98 million for five apartment complexes in Mobile owned by the Delaney family, according to Richard Weavil of The Weavil Company in Mobile, who brokered the transaction.

In what may be the largest real estate sale in Mobile, the Delaney apartment portfolio totaled more than 2,000 apartment units. The complexes were Cabana on Michael Boulevard, Pathways Place on Pathway Place, Sandpiper on Government Boulevard, Windsor Place on Airport Boulevard and Yester Oaks Townhouse Apartments on Yester Oaks Drive.

 The buyer was Colony Hills Capital based in Wilbraham, Mass.

Surety Land Title in Mobile handled the closing.

The transaction took two years to close, Weavil said. He worked on the deal in conjunction with Delaney Land and Realty.  
                              _______________

Local investors paid $3.1 million for 45,020 square feet of space in the Eco Rouge Shopping Center off U.S. 98 in Fairhope, according to Joey McCullough of McCullough Realty, who represented the sellers. 

The space is leased long-term by CPSIComputer Programs & Systems Inc. McCullough said the center owners turned the commercial spaces into three condo spaces, which allowed them to sell the office space leased by CPSI

There is 12,002 square feet remaining in the center, and Agave Cocina Mexicana & Tequila Bar occupies 4,800 square feet of that space, he said..
                             _______________

Bimini Bob’s Cabana Café opens this week at The Wharf on the Intracoastal Waterway off Canal Road in Orange Beach, according to restaurant owner Bob Baumhower.

The new eatery will be an open-air concept overlooking the marina with flip-flop casual dining, he said. 

The former defensive lineman for the Crimson Tide and the NFL’s Miami Dolphins also operates two other restaurants at The Wharf, the Compleat Angler and Baumhower’s

He and his wife, Leslie, also opened an art gallery at The Wharf called The Compleat Studio.
                            _______________

The former Orchard Retirement Community at 6411 Howells Ferry in Mobile, has been leased to another company that plans to open an assisted living facility, according to Tim Herrington of Herrington Realty and Ron LaGrange of Helix Properties.
                            _______________

Gulf Professional Services, a cleaning and flooring specialist, has leased a 2,680-square-foot building at 780 Zeigler Circle East in Mobile, according to Angela McArthur of Prudential Cooper and Co. commercial division.
                            _______________

Blue Collar Country developers have set up a construction trailer and office on the site of the multi-million dollar entertainment complex on Baldwin County 20 and the Foley Beach Express in Foley. 

The Tennessee-based investors paid more than $12 million for 520 acres and plan to build an amphitheater for live performances, hotels, restaurants, retail and an RV resort. 

The group is already fielding inquiries from major theme park operators around the country, according to Realtors.

(Editor's noteKathy Jumper's The Real Deal is a weekly feature in Mobile Bay Times. Her real estate column previously appeared for many years in the Press-Register. Please encourage others to subscribe so that it will continue to inform Mobile/Baldwin readers. Leads and tips welcomed. Her new email address is jumper@mobilebaytimes.com)
251.660-5025
click on ad above
Need help with legal research or, for that matter, any type of research? Public records and other research? Witness interviews? Consider contacting former Press-Register investigative reporter Eddie Curran. For more information, call Eddie at 251-454-1911, or visit Curran Research Services.
2033 Airport Blvd.
Mobile at the Loop
(251) 287-1490
Sign InView Entries