Vallas Realty, Inc. recently sold a property on 951 Government St. The eight story, 75,000-square-foot building is located on the corner of Government and Marine Streets. The out-of-state developer paid $275,000 and plans to convert the building into residential apartment units.
John M. Delchamps, Associate Broker for Merrill P. Thomas Company Inc., recently leased the Sawyer Furniture Store at 3767 Airport Blvd. to Spirit Halloween for short-term seasonal use.
Local investors recently purchased a 10,000-square-foot office building located at 3315 Demotropolis Road with plans for tenant renovation. Joey Betbeze with Betbeze Realty negotiated the transaction.
The same investors also purchased a vacant lot next to the building, which will be used to increase parking space. Joey Betbeze represented the purchaser and Paul Carter with The Paul Carter Agency represented the seller.
Marl M. Cummings IV of Cummings & Associates leased the former Jags Grill location at Old Shell and University to Momma Goldberg’s Deli. The space is 3210-square-feet with plans for an opening in October. Cameron Weavil of the Weavil Company represented the tenant.
Marl M. Cummings IV also represented the buyers of the property at 2 N. Florida Street. It is a 4,000-square-foot office building located at the northeast corner of Dauphin and Florida Streets. There are also 2,600-square-foot and 1,400-square-foot office suites available for lease. Pratt Thomas represented the seller.
In a recent update, Provence Real Estate was selected to manage the five apartment communities in Mobile purchased for $98 million by Colony Hills Capital of Wilbraham, MA. The communities total 2,013 units and include: Cabana Apartments, Sandpiper Townhomes, Yester Oaks Apartments, Windsor Place Apartments, and The Pathways Apartments. Provence assumed management effective May 20th, 2013, and is also planning to open a local regional office soon as part of the takeover.
International Chamber coming to Mobile
The ASSOCHAM Ladies League (ALL) of Alabama will soon join other chapters around the world with the objective of connecting women across boundaries and borders internationally.
The Associated Chamber of Commerce and Industry for India (ASSOCHAM) is the leading entity of its kind in India and was established in 1920. Currently the organization has 4.4 million members and is headquartered in New Delhi.
The organization was designed to connect women around the world into a global business network that supports initiatives of assistance for women in the realms of education, entrepreneurship, leadership, the arts, safety, cinema, public policy and technology.
Mobile native Darlene Moore — an actress, screenwriter and film producer — has been appointed chapter chairperson for the Alabama Ladies League (ALL). Dr. Harbeen Arora, Ph.D., is the Global Chairperson of the ASSOCHAM and is a noted screenwriter, film producer and author of “Creative Living: Discovering Happiness and Well Being.”
Prominent ASSOCHAM members include Paris-based designer Ritu Beri and Indian entrepreneur Kiran Mazumadar Shaw. Shaw was ranked 80th among the world’s most powerful women by Forbes Magazine.
ALL of Alabama is one of 25 satellite chapters located around the world. Locations in North America include: New York, Miami, Los Angeles, Boston, Chicago, Washington, D.C., Vancouver and Ottawa.
The ALL of Alabama plans an outreach soon to Georgia, Texas, Louisiana and Mississippi for involvement in a variety of programs and events. Locally, the ALL of Alabama chapter is hosting their official launch event Thursday, Aug. 15, 2013, at the Mobile Marriott. The theme is “United to Serve, Educate and Assist Women around the World.”
One of the major speakers will be Tonie Ann Torrans, Executive Director of Penelope House.
“When I was first contacted by Darlene about supporting ASSOCHAM and ALL in Mobile, I noticed parallels between their goals for supporting women and the mission statement of the Penelope House. I am honored to be keynote speaker at their kickoff event,” Torrans said.
For more information on ASSOCHAM or the Penelope House, visit their websites at: www.assocham.org and www.penelopehouse.org.
BP Claims Update
According to Attorney C. Bennett Long with Long & Waite, BP has recently enacted an advertising campaign that attempts to position itself as a victim of alleged fraud in the class action settlement that it drafted and agreed to honor. “Business owners and individuals should not be intimidated by BP’s recent propaganda campaign. There is nothing wrong or fraudulent about making a claim if there’s proper documentation meeting the correct specifications,” Long said.
Per Long, BP employed some of the best attorneys in the world to assist in drafting the nearly 1,200-page settlement agreement. The terms and conditions were advocated as being fair and reasonable to all.
“The resulting class action settlement agreement represents one of the most sophisticated contracts in American jurisprudence and likely all of mankind,” Long said.
According to Long, three years after the oil spill and nearly a year and a half after agreeing to the settlement, BP is crying foul and attempting to invalidate it. “It just doesn’t make any common or legal sense and is disheartening,” Long said.
Currently, the Deepwater Horizon Claims Facility is set to accept applications through early April 2014. However, it is possible that the actual cutoff date could occur much sooner depending on the outcome of certain hearings relating to class certification.
Ingalls Shipbuilding Names 11th LPD
Ingalls Shipbuilding authenticated the keel of the company’s 11th amphibious transport dock ship, Portland (LPD 27). Named in honor of Oregon’s most populated city, it is currently about seven percent complete.
The ship is scheduled to launch in early 2016 and is scheduled to be delivered to the U.S. Navy in late 2017. Somerset (LPD 25) is currently preparing for builder’s sea trials and
John P. Murtha (LPD 26) is currently 50 percent complete and will launch next year.
Ingalls Shipbuilding is building the entire LPD 17 San Antonio Class of ships, the newest addition to the Navy’s 21st century amphibious assault force. To date, eight ships have been delivered to the Navy. The 684-foot-long, 105-foot-wide vessels are used to transport and land Marines, their equipment and supplies ashore. The ships will continue to support amphibious assault, special operations, or expeditionary warfare and humanitarian missions throughout the first half of the 21st century.
In addition to more than 10,000 Ingalls shipbuilders, there are 650 suppliers from 38 states which support the LPD 17 program. Ingalls spends roughly $175 million a year with this vital industrial base.