Huntsville Apartment Oversupply | Are there too many apartments in Huntsville? New report looks at the boom

Are there too many apartments in Huntsville? New report looks at the boom Huntsville’s apartment boom has led to an oversupply of units in the fast-growing metro area, according to a recent report. We got ahead of ourselves. ...“Huntsville is currently overbuilt with apartments, and until that excess supply is absorbed, we’re going to see a slowdown in new multifamily construction,” Realtor Matt Curtis added. “ We’re seeing the effects of oversupply — one to two months of free rent incentives, declining rents, and higher vacancy rates. That’s not a climate where developers are eager to build. ...“Occupancies are down, values are down, expenses are up,” Wilson said ” Reference: www.al.com
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Poarch Band of Creek Indians company inks $217 million deal to provide NASA communications

Poarch Band of Creek Indians company inks $217 million deal to provide NASA communications

The contract with PCI Productions LLC, a Huntsville company, and its partners in “Team Creek” is worth $217 million if all options are exercised. It is a support contract meaning the company supports or helps write and produce NASA centers’ communications releases. But it could expand to sharing NASA stories, videos, and other information directly to the public, NASA said. “This type of a contract is not new for the tribe,” Poarch Band spokeswoman Kristin Hellmich said. “They have a division that is called PCI Federal Services.”

Reference: www.msn.com

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