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Showing posts from September, 2024

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

Why Tuscaloosa Developer Stan Pate Bought Sections Of The Southern Border Wall

Why Tuscaloosa Developer Stan Pate Bought Sections Of The Southern Border Wall ... when asked how he came to own thousands of pounds of fabricated steel intended for the Southern border wall, he said he made his purchase for pennies on the dollar from the government surplus auction website GovPlanet . The website specializes in auctions for everything from surplus military vehicles, meals-ready-to-eat (MREs) and, at least for Pate's interest, the steel used for the wall along the border with Mexico. "We're always buying what we think is valuable," he told me. "The government has an auction website and all of a sudden sections of the wall started popping up for sale. At first, I thought this can't be true. But then I said let's buy some of it and see." Reference: patch.com

Huntsville, Alabama | Drake Ave. Machete Attack

One injured following assault near Drake Ave. He said a man believed to be homeless approached them and got into an argument with them. The suspect left and came back with a machete, as the witness said, and hit his friend in the arm with it. HPD is investigating how the victim was assaulted. The suspect’s identity is unclear at this time. Reference: www.waff.com

Madison DA office: Court records tell the whole story in city councilman’s theft case

Madison DA office: Court records tell the whole story in city councilman’s theft case Devyn Keith told voters recently that 2023 theft charges against him were not accurate. The Madison DA’s office pushed back on that claim. ... Keith pleaded guilty in August 2023 to two of the four theft charges he faced for allegedly stealing 31 different items from Walmart stores on four different occasions, according to court records. Keith is currently in a runoff, and facing an uphill battle to hold his council seat, against school board member Michell Watkins. ... documents tell the story,” Gann said. “It’s that simple.” Reference: www.alreporter.com

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