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Located at the intersection of U.S. Highway 31 (Montgomery Highway) and Interstate 459, the Riverchase Galleria complex includes the region's only Costco, and also includes the 15-story, 1,700,000-square-foot (160,000 m 2) Hyatt Regency, and the 17-story, 285,000-square-foot (26,500 m 2) Galleria Tower office building.
Montgomery Mall was an enclosed shopping mall in Montgomery, Alabama, United States. Opened in 1970, it closed in 2008 after several years of declining traffic. In February 2013, redevelopment began on the vacant mall property. There are 3 vacant anchor stores that were once Steve & Barry's, JCPenney, and Parisian.
According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
Colonial's assets had grown from $166 million in 1981 to $26 billion. Colonial expanded from its base of Alabama to fast-growing regional markets such as Florida, Georgia, Texas, and Nevada. Colonial Bank was the fifth-largest commercial bank in Florida and 27th-largest commercial bank in the USA.
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