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Engel News

Additional Units and a Value-Add Program Creates Significant Returns in Muscle Shoals, AL

On May 16, 2014 Engel Realty purchased Arbor Village a 160-unit multifamily property in Muscle Shoals, Alabama. Arbor Village was originally constructed in 1987 in multiple phases. What attracted Engel to Arbor Village was the opportunity to purchase the property from the developer, the quality of the construction, the inclusion…

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Downtown Loft Building Sold, Will Be Converted to Condos

A prominent building on First Avenue North will be converted into condominium units. In a recent transaction, Engel Lofts Co. sold the property at 2329 First Ave. N. to an entity called 2329 First Avenue North LLC, which includes local residential developers Margi Ingram and John Chapman. According to public…

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Engel Realty Identifies a Unique Opportunity in the Birmingham Loft District

In 2016 Engel Realty purchased the Whooten Lofts a 14-unit loft building in downtown Birmingham. Engel was able to acquire the property through an off-market transaction. Engel recognized the inherent value potential in the property that could be attained through a value-add program. That program would include updating the units…

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Engel Realty Company to Handle Leasing and Management of Iron City Lofts

KRE Devolopment Holdings completed one of the most anticipated projects in the Lakeview District earlier this year, Iron City Lofts. Engel Realty Company, LLC is handling the lease up and management of the project and we are incredibly fortunate to have the opportunity to partner with this developer. Learn More…

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5 More Restaurants to Join Starbucks, Comfort Inn & Suites at Birmingham’s Crossplex

Birmingham’s Crossplex Village moves forward with groundbreaking ceremony and the announcement of additional businesses moving into the development. Bob Nesbitt leads the project for Engel and has been an instrumental force driving the momentum of west Birmingham. Click here for additional details on the development and updates. Read Full Article…

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Savvy Southeast Commercial Real Estate Investments

As seen in Bloomberg Businessweek, Fortune and Money Magazines In trendy cities like Dallas, Atlanta and Nashville, commercial properties are flying off the shelves at top dollar. But just outside those markets, in metro areas of several hundred thousand residents, is where the real deals are being captured. That’s the…

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