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Top News Links: Monday, Jan. 23

Pizitz building nearing its reintroduction to society

From the outside, the Pizitz building looks like it could be 1925, shiny and new but true to its era. Step inside, you see modern finishes, stainless steel appliances and modern technology. That's exactly what Bayer Properties was going for in its renovation of the iconic 1923 Birmingham building, now a mixed-use project nearing rebirth. – AL.com

Regions sees 10 percent increase in earnings in 2016

Regions Financial Corporation Friday reported net income available to common shareholders of $1.1 billion in 2016, an increase of 10 percent over the prior year and earnings per diluted share of $0.87, an increase of 16 percent. For the fourth quarter, the company reported net income available to common shareholders of $279 million and earnings per diluted share of $0.23. – BusinessWire

New Williams-Sonoma store in Mobile to have local offerings

When the Williams-Sonoma store opens in Mobile's Legacy Village shopping center on Jan. 27, it will become the San Francisco-based kitchen store's second location in Alabama and the first to offer food items from Southern makers, including several from Alabama. The new store, which specializes in cookware, kitchen accessories and gourmet goods, replaces the now-closed Williams-Sonoma store in Eastern Shore Centre in Spanish Fort. – AL.com

Berkadia brokers $6.2M apartment sale in Dothan

Berkadia recently negotiated the sale of Camelot, a 150-unit apartment community at 106 Castle Drive  in Dothan for $6.2 million. Managing Director David Oakley and Senior Vice President David Etchison with the Birmingham office of Berkadia Real Estate Advisors, LLC represented the seller. – News release

Used car glut predicted to depress new car prices

All those years of rising U.S. auto sales are starting to work against carmakers. A glut of used vehicles has started to depress prices. That trend will intensify as Americans will return 3.36 million leased cars and trucks this year, another jump after a 33 percent surge in 2016, according to J.D. Power. The fallout has already begun, with Ford Motor Co. shaving $300 million from its financial-services arm’s profit forecast for this year. – Automotive News

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