Disappointments past can set up unmitigated joy in the present. At its best, that’s how this whole sports fandom thing works.

You invest yourself emotionally (yes, perhaps financially, too) and if you hold the stock (your loyalty) long enough, there’s a nice payoff.

2. Cates Named Commercial Broker of Year - Monday, April 29, 2013

The Memphis Area Association of Realtors Commercial Council honored its most productive members of 2012 at the 12th annual Pinnacle Awards gala, held Thursday, April 25, at the Memphis Country Club.

3. Basketball Boon - Saturday, April 27, 2013

Before the Grizzlies began their first-round playoff series with the Clippers in Los Angeles, Dennis Flanagan looked ahead to Game 3, which was to be played on Thursday night, April 25, in Memphis.

4. Avery Park Apartments Sell for $5.2 Million - Saturday, January 05, 2013

Avery Park, a 231-unit apartment community built in 1971 in Northeast Shelby County, sold on Dec. 19 for $5.2 million, or $22,511 per unit.

Blake Pera and Tommy Bronson III with CB Richard Ellis Memphis’ Memphis Multifamily Division represented California-based US Housing Partners VII in the sale to a Utah buyer.

5. Avery Park Apartments Sell for $5.2 Million - Wednesday, January 02, 2013

Avery Park, a 231-unit apartment community built in 1971 in Northeast Shelby County, sold on Dec. 19 for $5.2 million, or $22,511 per unit.

Blake Pera and Tommy Bronson III with CB Richard Ellis Memphis’ Memphis Multifamily Division represented California-based US Housing Partners VII in the sale to a buyer out of Utah.

6. CBRE Memphis Sells $8.7 Million in Apartment Properties - Saturday, December 29, 2012

Tommy Bronson III and Blake Pera with CB Richard Ellis Memphis’ Multifamily Division have sold six apartment communities totaling 693 units and $8.7 million in the past two weeks.

7. CBRE Memphis Sells $8.7 Million in Apartment Properties - Monday, December 24, 2012

Tommy Bronson III and Blake Pera with CB Richard Ellis Memphis’ Multifamily Division have sold six apartment communities totaling 693 units and $8.7 million in the past two weeks.

8. Levenger Leases Up EastPark IV - Friday, December 14, 2012

A Delray Beach, Fla.-based specialty retail company is relocating its Memphis distribution warehouse within the Southeast submarket.

Levenger has inked 96,400 square feet in EastPark Distribution Center IV, 5265 Hickory Hill Road, bringing the 372,800-square-foot building to full occupancy. Levenger also has an operation at 3530 E. Raines Road.

9. Gen X Inks State’s First Location on Austin Peay - Friday, November 16, 2012

A trendy Vernon, Calif.-based retailer has inked its first Tennessee location in Austin Peay Plaza.

Gen X Clothing Inc. signed a 35,000-square-foot lease at 3252 Austin Peay Highway. The space was formerly occupied by Big Lots.

10. Lease Brings New Breed Footprint to 3 Million Feet - Friday, October 12, 2012

New Breed Inc. is enhancing its Memphis operations with a new distribution warehouse lease in the Southeast industrial submarket.

11. Conn.-Based XSE Group Inks Deal - Friday, April 27, 2012

A Middletown, Conn.-based office supply printing company has entered the local industrial scene, taking advantage of Memphis’ centralized logistical capabilities.

XSE Group Inc. has leased 40,214 square feet in Building 14 of Airport Distribution Center, 4006 Airpark St., owned by San Francisco-based ProLogis Inc.

12. Pera, Lightman, Rainer V Take Top Pinnacle Awards - Thursday, April 26, 2012

The Memphis Area Association of Realtors Commercial Council honored the top performers in commercial real estate for 2011 at the 11th annual Pinnacle Awards gala, held Tuesday, April 24, at the Holiday Inn University of Memphis.

13. Dogwood Creek Apts. Sell for $26 Million - Monday, March 05, 2012

Dogwood Creek, a 278-unit apartment community constructed in 1997 in Collierville, sold to New York-based Somerset Partners LLC on Wednesday, Feb. 29, for $26 million, or $93,525 per unit.

14. CK’s Moves Into Jackson as Part of Expansion - Friday, March 02, 2012

A longtime Memphis diner chain is expanding its presence into the Jackson, Tenn., market.

CK’s Coffee Shop has signed a five-year lease for 1,390 square feet of the existing 4,900-square-foot Old Medina Market Gas Station at 2800 Old Medina Road.

15. Drexel Buys Presidents Is. Warehouse - Friday, January 27, 2012

A longtime Memphis-based agricultural chemical provider has snatched up a warehouse on Presidents Island, where it already has a strong presence.

Drexel Chemical Co. purchased the 137,526-square-foot former manufacturing and distribution facility on 12 acres at 2070 and 2071 Channel Ave. on Presidents Island from HPD Properties LLC for $810,000, or $5.89 per square foot.

16. CBRE Brokers Sale of 2 Apt. Complexes - Wednesday, January 25, 2012

CB Richard Ellis Memphis closed two multifamily properties in early January – Oakshire and Summer Trace Apartments.

Tommy Bronson III and Blake Pera with CBRE Memphis’ multifamily division represented LILO LLC in the sale of Oakshire to Memphis Bell LLC.

17. Lofty Heights - Tuesday, January 10, 2012

The Mid-South apartment market is riding high after a strong 2011.

Last year saw increasing occupancies and rents, as well as a shift from investors and lenders back to more stable properties, all of which followed a 2010 that was dominated by activity involving distressed product.

18. Lamar Crossing Apts. Changes Owners Again - Monday, January 02, 2012

2881 Lamar Ave.
Memphis, TN 38114
Loan Amount: $3.5 million

Loan Date: Oct. 7, 2011
Maturity Date: n/a
Borrower: Lamar Apartments LP
Lender: Nessko TN LLC

19. Deeds Filed for $31M Sale of Harbor Town Apts. - Friday, December 30, 2011

The Shelby County Register of Deeds office has now received filings for the Dec. 20 purchase of the 345-unit Arbors at Harbor Town Apartments for $31.5 million, or $91,304 per unit. The Class B complex, which was built in 1991, uses the address 671 Harbor Edge Drive.

20. Harbor Town Apts. Sell For $31.5M - Friday, December 23, 2011

Dallas-based Behringer Harvard has acquired the Arbors Harbor Town Apartments – a 345-unit multifamily community in Harbor Town on Mud Island – for $31.5 million, or $91,304 per unit.

21. Willow Lake Apartments Fetch $7.8M - Thursday, November 24, 2011

A North Hickory Hill apartment complex has traded hands for the second time in 18 months.

Bloomington, Minn.-based New Life Core Willow Lake LLC has bought Willow Lake Apartments at 2774 Mendenhall Road from NW-Willow Lake LLC for $7.8 million. The purchase was financed with a $7 million loan through KeyBank NA.

22. Former C’ville Fitness Center Sells For $2.7M - Friday, October 21, 2011

Memphis-based Hackmeyer Properties has bought the former Prairie Life Fitness Center at 3690 S. Houston Levee Road in Collierville from Prairie Life Fitness LLC for $2.7 million and is leasing the 57,264-square-foot facility to a new fitness company.

23. CBRE Closes On Two Distressed Apt. Complexes - Friday, October 07, 2011

CB Richard Ellis Memphis has recently closed two distressed multifamily properties in the West Winchester apartment submarket.

Tommy Bronson III and Blake Pera with CBRE’s multifamily division represented MPI Coventry Village LLC in the $1.25 million sale of Highland Creek Apartments, 1305 Turkey Run Lane, to Highland Creek Acquisitions LLC.

24. CRE Sales Increase 20 Percent In June - Tuesday, August 02, 2011

Local commercial real estate sales improved in all categories last month, strongly aided by two big-ticket multifamily sales.

Shelby County saw 53 CRE sales in June, a 20 percent increase from 44 sales in June 2010, and a 4 percent boost from 51 in May, according to the latest information from real estate information company Chandler Reports, www.chandlerreports.com.

25. Legends at Wolfchase Sells for $27.8M - Tuesday, July 19, 2011

Legends at Wolfchase, a 300-unit apartment community in the Cordova apartment submarket, sold on Thursday, July 14, for $27.8 million.

Blake Pera and Tommy Bronson III with CB Richard Ellis Memphis’ multifamily division represented the seller, BlackRock, a New York-based pension fund adviser, in the sale to Los Angeles-based Passco Cos. LLC.

26. Preserve at Forest Creek Sells for $45.5M - Monday, July 04, 2011

A Class A apartment community in the Germantown/Collierville submarket has traded hands for $45.5 million – marking the largest multifamily sale in three years.

Preserve at Forest Creek Apartments sold on Wednesday, June 29, for $109,900 per unit to Carter-Haston Real Estate Services Inc.

27. Orchards of Collierville Sells for $15.7M - Friday, June 24, 2011

The Orchards of Collierville – a 226-unit apartment community at 400 Orchard Circle W. – has sold for $15.7 million.

28. Orchards of Collierville Sells for $15.7M - Thursday, June 23, 2011

The Orchards of Collierville – a 226-unit apartment community at 400 Orchard Circle W. – has sold for $15.7 million.

29. Multifamily Sector ‘Poised for Solid Growth’ - Tuesday, May 24, 2011

Multifamily investment activity in Memphis continues to gain steam as lenders slowly loosen their purse strings.

The positive sales activity is being propelled by the market’s improved performance, low interest rates and additional capital coming off of the sidelines after being quiet for the last few years.

30. Northeast Submarket Bolstered By Trio of Deals - Friday, April 15, 2011

A handful of industrial deals in recent weeks hit Northeast Memphis in full force, significantly tightening the already solid submarket.

Mattress Firm has signed a 23,500-square-foot lease in Century Center, 1590 Century Circle, for a new retail and distribution space.

31. Cabot Affiliate Buys Airport Industrial Warehouse - Tuesday, April 12, 2011

3924 Crowfarn Drive
Memphis, TN 38118
Sale Amount: $2.2 million
Sale Date: March 28, 2011
Buyer: Cabot III-TN1M01 LLC
Seller: MM Industrial Memphis LLC

32. Pinnacle Awards Honor City’s Best Brokers - Monday, April 11, 2011

As emcee Dan Conaway noted in his opening address Thursday night at the 10th annual Pinnacle Awards, “OK is the new great.”

33. Pinnacle Awards Honor City's Best Brokers - Friday, April 08, 2011

As emcee Dan Conaway noted in his opening address Thursday night at the 10th annual Pinnacle Awards, “OK is the new great.”

34. Clearbrook Village Apts. Sells for $2.7 Million - Friday, April 08, 2011

Clearbrook Village Apartments LLC, a limited liability corporation associated with Brooklyn, N.Y.-based Besyata Corp., has bought Clearbrook Village apartments at 3516 Tall Oaks Circle from Alliance ES Clearbrook Village LLC for $2.7 million.

35. Hickory Hill Apartments Sell for $10M - Friday, March 25, 2011

Three apartment communities in the Hickory Hill Road/Knight Arnold Road area have sold for a combined price of $10 million.

Tommy Bronson III and Blake Pera with CB Richard Ellis Memphis’ multifamily division represented Hallmark Capital in the sale to Bellevue, Wash.-based Emerald Apartment Group. Wilson Management Inc., the managing entity behind Emerald Apartment Group, will retain and manage the properties.

36. Apartment Optimism - Thursday, December 30, 2010

Apartment owners and operators in the Memphis market forecast a bright 2011, boosted by a continued weak homebuying landscape and a lack of new multifamily product coming online within the market.

“2010 was certainly an improvement for the multifamily sector – both in operations and in sales – over 2009, and we expect to see more of the same next year,” said Blake Pera, senior vice president of CB Richard Ellis Memphis’ multifamily division. “Most operators experienced comfortable revenue growth throughout the year, and there is some positive momentum in continued stable occupancy and concession burn-off next year with the lack of new supply hitting the market.”

37. Winbranch Apartments Sell for $2.4 Million - Tuesday, September 21, 2010

3595 Millbranch Road
Memphis, TN 38116
Sale Amount: $2.4 million

Sale Date: Sept. 7, 2010
Buyer: Winbranch Realty Partners LLC
Seller: LBUBS 2004-C4 Millbranch Road LLC
Loan Amount: $975,000
Loan Date: Sept. 7, 2010
Maturity Date: Sept. 1, 2011
Lender: The Leshum Group LLC

38. New York Company Buys Gardenwood Apartments - Tuesday, June 01, 2010

4975 Hoover Drive
Memphis, TN 38128
Sale Amount: $2.9 Million

Sale Date: May 17, 2010
Buyer: Gardenwood Apartments LLC
Seller: Bank of America NA
Loan Amount: $2.2 million
Loan Date: May 17, 2010
Maturity Date: N/A
Lender: Bloomfield Capital Partners Fund III LLC

39. Gardenwood Apartments Fetch $2.9M From NY Buyer - Monday, May 24, 2010

New York-based Besyata Corp. has paid $2.9 million for the 152-unit Gardenwood Apartments at 4795 Hoover Drive in Raleigh.

40. Philly Company Works to Stabilize Apartment Community - Tuesday, April 27, 2010

Eight months after Philadelphia-based Resource Real Estate bought the Wyndridge Apartments in Hickory Hill, the company’s property management arm, Resource Residential, has made significant progress on a $3.6 million overhaul of the complex.

41. March Commercial Lending Still Slow - Monday, April 26, 2010

Commercial lending activity continues to be slow as companies either choose not to apply or are unable to qualify for loans.

Shelby County banks and mortgage companies made 21 commercial purchase mortgages in March, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com. (This report doesn’t include refinances.)

42. Chattanooga Investors Buy Third Memphis Property - Wednesday, April 21, 2010

An out-of-town investment company has bought its third Memphis apartment complex in less than a year, bringing its total to 590 units.

Chattanooga-based UIGTN II LLC, a trio of partners whose name derives from the title of its management arm, Urban Investments Group LLC, paid close to $1 million on April 15 for the 172-unit Woodbriar Apartments at 4505 Wooddale Ave. in Oakhaven.

43. Tricky Market - Tuesday, April 13, 2010

Because loan defaults are a common occurrence in this difficult financial climate, last week’s news that the 306-unit Preserve at Southwind Apartments had been foreclosed could easily be chalked up to a case of “another one bites the dust.”

44. Philadelphia-Based Investor Buys Waterstone Landing Apartments - Wednesday, March 24, 2010

The Memphis multifamily market remains attractive to Resource Real Estate Inc., which has bought its second apartment complex here.

45. Memphis College of Art Buys South Main Building - Tuesday, February 23, 2010

477 S. Main St.
Memphis, TN 38103
Sale Amount: $400,000

Sale Date: Feb. 12, 2010
Buyer: Memphis College of Art
Seller: Southeastern LSC Holding Corp., formally known as Lewis Supply Co. Inc.
Loan Amount: $1.5 million
Loan Date: Feb. 15, 2010
Maturity Date: March 1, 2013
Lender: J.R. Hyde III Family Foundation

46. Questions Abound for Commercial Real Estate’s Future - Thursday, February 18, 2010

The commercial real estate market will need to navigate its way through a host of landmines before it sees anything resembling recovery.

That was the message Mark Dotzour, chief economist and director of research for the Real Estate Center at Texas A&M University, told local brokers, bankers and appraisers at Wednesday’s Commercial Property Forecast Summit, held at the Germantown Performing Arts Centre and sponsored by the Memphis Area Association of Realtors Commercial Council.

47. Waddells Buy 14 Units In The Edge at Monroe - Wednesday, February 17, 2010

John and Nancy Waddell have paid $1.5 million for 14 units in Downtown’s The Edge at Monroe Condominiums at 437 and 449 Monroe Ave. The Waddells bought the units Feb. 3 from Monroe Properties LLC, financing the transaction with a $1.5 million loan through Financial Federal Savings Bank.

48. Sale Could Bring Improvements To Bella Vista - Friday, January 15, 2010

Like many projects companies launched before the recession hit, the plan for rejuvenating the 432-unit Bella Vista Apartment Homes in Hickory Hill began with such promise.

In March 2007, a newly formed company, Maple Creek Advisors LLC of Dallas, made its first multifamily acquisition with plans to invest $4 million of renovations in the property.

49. Multifamily Survives Q4, Year - Thursday, January 14, 2010

The fourth quarter of 2009 proved to be a decent period for the local multifamily industry during an otherwise lackluster year. Though some market trends remained relatively unchanged from third quarter, the apartment sector enjoyed a rush of investment sales as more investors pulled the trigger on deals.

50. Conwood Acquisition Helps Salvage November Commercial Sales - Thursday, December 24, 2009

A single, high-dollar transaction helped salvage November’s commercial sales total, accounting for half of the dollar volume last month. Beyond that, the most noteworthy trend to arise from the most recent data was a dearth of activity as Shelby County nears the end of 2009 – the slowest year for commercial transactions in at least two decades.

51. Ministry Buys Apartment Complex With More Evangelizing in Mind - Tuesday, December 22, 2009

Richard Hamlet formed Global Ministries Fellowship in 2003 to spread the gospel by addressing critical needs around the world.

The faith-based nonprofit organization, headquartered in Memphis, supports ministry programs that build churches, educate children, combat hunger and perform other humanitarian deeds on five continents.

52. Commercial Real Estate Hits Doldrums - Friday, December 18, 2009

When it comes to trends, commercial real estate usually lags residential real estate, sometimes by as much as a year. So with the housing market showing its first signs of improvement during the last month or so, the commercial sector needs to prepare itself for a long, bumpy road to recovery.

53. High-Dollar Deal Boosts Commercial Real Estate - Tuesday, October 27, 2009

Following what has become a pattern, the local commercial real estate market in September was salvaged by one large deal that offset an otherwise dreary month.

This time it was Resource Real Estate Inc. to the rescue. The Philadelphia-based company bought the Wyndridge Apartments for $9.5 million Sept. 29 and carried the weight for Shelby County’s commercial activity during the month.

54. Q3 Multifamily Occupancy, Absorption Rates Improve - Friday, October 09, 2009

The Memphis multifamily market fared well during the third quarter amid a difficult economy, as occupancy rates and absorption improved, according to the latest data from CB Richard Ellis Memphis.

55. New Owner Hopes to Improve Apartment Complex - Tuesday, October 06, 2009

Philadelphia-based Resource Real Estate Inc. has pulled the trigger on Shelby County’s third-largest commercial real estate deal of the year, paying $9.5 million for the Wyndridge Apartments in a special warranty deed.

56. Raleigh Apartments Follow Foreclosure Trend - Thursday, September 10, 2009

The foreclosure crisis has claimed another multimillion-dollar commercial victim, this one the 432-unit Jamesbridge apartments in Raleigh.

A first-run foreclosure notice against the multifamily complex’s owner begins on Page 42 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

57. Multifamily Market Stable, Says CBRE Report - Thursday, August 13, 2009

Amid the credit crunch and financial collapse of the past couple years, one word has been applied to Memphis’ multifamily market – stable.

That description held true for the second quarter of 2009, according to the latest MarketView report compiled by CB Richard Ellis Memphis’ multifamily division.

58. Commercial Sales: Nowhere to Go But Up - Monday, June 01, 2009

Shelby County’s commercial lending landscape remained bleak in April as activity fell for the fifth time in the past six months.

Just 24 commercial loans were made last month, a 36.8 percent decline from 38 loans in April 2008 and a 22.6 percent decline from 31 loans in March, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com. (Data for this report include only commercial mortgages taken at the time of sale and not refinancings.)

59. Foreclosures Slow After Subprime Spigot Begins to Trickle - Friday, May 22, 2009

In the fight against foreclosure, even the smallest victories should be celebrated, from a family staying in its home to a predatory lender going out of business.

Go ahead and count the latest figures as another reason to cheer.

60. Multifamily Market Dominated By Foreclosure Sales - Thursday, May 14, 2009

Apartment complexes can be found throughout Memphis, but lately it seems the center of the multifamily world is on the courthouse steps Downtown.

Foreclosure sales have dominated the industry’s activity in Shelby County of late, with the most lucrative deals occurring as trustees’ deeds after the original owner defaults on a property or as bank sales after the lender reclaims and resells the property.

61. Mud Island Apartments to Bolster Existing Condos - Thursday, April 16, 2009

It took a tax break from the Center City Revenue Finance Corp. to get the project going, but construction of Grand Island, a $19 million, 204-unit apartment complex slated for Mud Island, got the green light this week and will commence in November.

62. Memphis Multifamily Experiences Mixed Results - Monday, February 23, 2009

The Memphis multifamily market is garnering mixed reviews as analysts reflect on a relatively stable 2008 while projecting a potentially turbulent 2009.

Though the apartment sector didn’t fare as poorly as office and retail last year, it did endure a host of downward trends, from occupancy to construction to absorption, according to year-end data from the multifamily division of CB Richard Ellis Memphis.

63. Aldi Inc. Buys Land For Collierville Store - Tuesday, January 13, 2009

523 W. Poplar Ave.
Collierville, TN 38017
Sale Amount: $1 Million

Sale Date: Nov. 25, 2008
Buyer: Aldi Collierville LLC
Seller: Martin and Mildred Tippit

64. Hickory Pointe Sells For $5.8M to Utah Investor - Friday, January 09, 2009

The Hickory Pointe Apartments at 2775 Hickory Pointe Lane in Hickory Hill has sold for $5.8 million in a substitute trustee’s sale to Hickory Pointe Apartments Utah LLC, an affiliate of Salt Lake City-based Capital Growth Corp.

65. Multifamily Sector Steady to Good in Q3 - Friday, October 31, 2008

The Memphis multifamily market once again proved itself resistant to the economic downturn, registering another period of improvement during the third quarter (July through September) as other sectors continued their slide.

66. Multifamily Sector Healthy in Q2 - Tuesday, September 16, 2008

No matter how tough the economy gets, people still need a place to live, and one of the few sectors to weather this latest downturn has been multifamily.

Apartment business registered a solid second quarter (April through June) this year with steady occupancy plus upward trends in the categories of rents, construction and absorption, according to the latest multifamily report by CB Richard Ellis Memphis’ multifamily division.

67. Commercial Real Estate Tumbles - Friday, August 22, 2008

After a prolonged and prosperous ride, commercial real estate stumbled in the past year with no signs of regaining its balance anytime soon.

Just 998 commercial sales were made in Shelby County from August 2007 through July 2008, down 17.6 percent from 1,211 sales during the previous 12-month period, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

68. June Commercial Sales Down 31 Percent - Thursday, July 31, 2008

New month, same story for Shelby County’s commercial real estate market.

Following a recent trend, June’s sales total was salvaged by a high-profile, high-dollar multifamily transaction that kept the commercial numbers afloat while other property types foundered.

69. Colonial Grand Transaction Gives Boost To Local Commercial Market - Wednesday, July 02, 2008

The commercial real estate market received a much-needed boost last week when Louisville, Ky.-based NTS Realty Holdings LP followed through on its plans to buy the Colonial Grand at Shelby Farms apartment complex for $41 million.

70. May Commercial Sales Drop 75 Percent - Monday, June 23, 2008

Take away the $16 million multifamily portfolio sold in a complicated deal that kept the properties out of bankruptcy and Shelby County’s commercial real estate activity in May was a picture of paltriness.

71. Pedcor Files Construction Loan For Ashland Lakes Phase II - Tuesday, May 27, 2008

Address: 7660 State Line Road

Memphis, TN 38125

Sale Amount: $1.3 Million

Sale Date: May 13, 2008

Buyer: Pedcor Investments-2007-CVIII LP

Seller: Pedcor Investments

72. NY Group Buys Multifamily Portfolio for $16 Million - Monday, May 19, 2008

The Autumnwood and Stonegate apartment complexes at 3094 Autumnwood Ave. in Southeast Memphis and 4500 Stonegate Dr. in Raleigh sold May 13 for a combined $16 million to New York-based White Eagle Properties.

73. Luxury Apartments Under Way in Cordova - Monday, March 31, 2008

A new multifamily product in Cordova is under way on the west side of Houston Levee Road near Pisgah Road. Stockbridge, Ga.-based Davis Development Inc. has filed a $16.2 million construction loan for Carrington Park, a 226-unit luxury apartment complex, according to The Daily News Online, www.memphisdailynews.com.

74. $16M Bid Chosen for Two Apartment Complexes - Tuesday, February 19, 2008

Two Memphis apartment properties originally developed with low-income renters in mind - and whose cash-strapped owners filed for bankruptcy protection last year - appear likely to be snapped up soon by a private equity fund for $16 million.

75. Breaking the Mold - Thursday, January 24, 2008

Large transactions involving apartment complexes and hotels dominated Shelby County's commercial real estate landscape in 2007, a year that saw increased sales amid an overwhelming economic slowdown.

76. Maple Ridge Apartments Sells for $1.1 Million - Wednesday, January 16, 2008
     Avalon Holdings LLC has bought the Maple Ridge Apartments at 3373 Regal Plaza Drive for $1.1 million. The seller was ENB Realty Co. Inc. Avalon Holdings took out a loan from Regal Plaza Funding LLC for $1.4 million at th

77. Multifamily Properties Mostly Unfazed by Credit Crisis - Friday, December 28, 2007

As residential real estate continued to slump in the third quarter of 2007, the multifamily industry continued to soar, proving that the two industries remain headed in opposite directions at least for now.

78. Hermitage ApartmentsSells to California Group - Tuesday, November 27, 2007
     The Hermitage Apartments, an 80-unit apartment community in Midtown Memphis, recently sold for $1.7 million or $21,250 per unit.
     The apartments were built in 1968.
  &nbs

79. Memphis Multifamily Shines in 2007 - Tuesday, November 20, 2007

This year is almost in the books, but no matter what happens in the next six weeks, 2007 will go down as one of the most intriguing in recent memory for the multifamily industry.

For starters, Fogelman Realty Group LLC fetched a Memphis multifamily record $46 million in October when it sold the Class B, 1,002-unit Watergrove Townhomes to Philadelphia-based BPG Properties Ltd.

80. Developers Bring Apartments to Condo-Rich Downtown - Tuesday, November 13, 2007

With recent announcements of plans to rehab two historic properties, two development teams have signed on to give Downtown something it's been thirsting for - apartments.

Development groups called 91 Cotton Row LLC and Downtown Developers LLC have joined a growing list of groups bringing multifamily product to a submarket that many believe is oversaturated with condominiums and underserved by apartments.

81. Watergrove Transaction Sets Multifamily Price Record - Tuesday, October 23, 2007

With 22 acres of lakes dotted across its sprawling footprint near Tenn. 385, Watergrove Townhomes has been one of the more recognizable properties in the Hickory Hill area for the past 20 years.

Thanks to the arrival of Philadelphia-based BPG Properties Ltd., the 1,002-unit Class B complex can now add another distinction to its resume - most lucrative.

82. Subprime Fallout Could be Boon for Apartments - Tuesday, August 28, 2007

If any industry stands to gain from the subprime lending debacle, in which foreclosures continue to escalate, it's the multifamily market. Because as people lose their homes and look for a place to land, their only option is renting.

83. Gintz Group Buys Third Midtown Multifamily Property - Tuesday, July 17, 2007

1422 Lamar Ave.
Memphis, TN 38104
Sale Amount: $2.1 million

Sale Date: June 29, 2007

Buyer: 1422 Lamar Ave. LLC

84. North Memphis ApartmentsSold to New York Investor - Tuesday, May 29, 2007
     Timbers Apartments, a 200-unit multifamily community built in 1973 in the Raleigh/Bartlett area, sold May 22 for $2.8 million, or $14,000 per unit.
     Blake Pera and Tommy Bronson of CB Ric

85. Loft ApartmentsSells for $950,000 - Thursday, March 22, 2007
     Loft Apartments, a 112-unit multifamily community built in 1973 in the West Winchester submarket, sold March 5 for $950,000 or $8,482 per unit.
     Blake Pera and Tommy Bronson III of CB Ric

86. Downtown Condos Aren't Being Converted Back to Apartments - Yet - Tuesday, March 06, 2007

As construction of Downtown condominiums continues to surge - and availability of Downtown apartments remains scarce - the idea that unsold condos could be converted into apartments has crossed a few minds.

87. Multifamily Housing Market Remains Strong, Even With Lower Occupancies - Tuesday, February 27, 2007

Bolstered by a healthy local economy - most notably the area's highest job growth in five years - the Memphis multifamily housing market enjoyed a strong 2006 despite declining occupancy rates.

In other words, a steady new stream of workers kept the demand for apartments high, helping fill Class A and B properties and bumping up overall rental prices.

88. Commercial Advisors' Jensen Voted Commercial Broker of the Year - Wednesday, April 12, 2006

Larry Jensen has received the 2005 Pinnacle Award for Commercial Broker of the Year from the Memphis Area Association of Realtors' Commercial Council. Jensen is president and CEO of Commercial Advisors LLC. He has more than 30 years of experience in real estate.

89. Apartment Market Finally Sees Pickup - Tuesday, December 13, 2005

For the first time in the past few years, the Memphis multifamily housing market is gaining strength, and all signs point to growth in the year to come.

"The last couple of years have been very challenging for our business due to the fact that the pricing of single-family or for-sale housing alternatives has been very tempting for our residents," said Mark Fogelman, president of Memphis-based Fogelman Management Group. "In many cases, (renters) were able to buy a home for a lower monthly payment than actually renting an apartment. We lost a lot of residents over the last couple of years.

90. Archived Article: Lead - Wednesday, June 08, 2005
New Apartment Project On Tap For Southeast Shelby County

Apartments Planned For Shelby Drive Area

Southwind Lakes is Pedcors first Tennessee Venture

ANDY MEEK

The Daily News

Pedcor Investments, an Indiana-based real estate development...

91. Archived Article: Newsmakers - Wednesday, April 06, 2005
MAAR Pinnacle Awards Winners Announced

MAAR Announces Pinnacle Award Winners

The Memphis Area Association of Realtors announced the following winners of the fourth annual Pinnacle Awards: Al Andrews Jr. of Panattoni Development Co., Commercial...

92. Archived Article: Real - Tuesday, January 25, 2005
Multifamily Market Sees Mixed Results

Apartment Occupancy Low, Property Sales High

LANCE ALLAN

The Daily News

As low mortgage interest rates continue to drive single-family home sales in Metro Memphis, many apartment dwellers are abandon...

93. Archived Article: Daily Digest - Wednesday, November 24, 2004
Dunavant Finances

Dunavant Finances

Land for $20 Million

Dunavant Enterprises Inc. has financed 162.81 acres near Shelby Drive and Forest Hill-Irene Road for $20 million, according to The Daily News Public Records Database, www.memphisdaily...

94. Archived Article: Newsmakers - Wednesday, April 21, 2004
(e-photo) Virginia M

Memphis Area Legal Services Hires Staff Attorney

Virginia M. Alexander was hired as a staff attorney with Memphis Area Legal Services Inc. to work on MALS family/domestic violence project. Alexander previously was a sole p...

95. Archived Article: Newsmakers - Wednesday, April 07, 2004
YOUTH VILLAGES NAMES NEW BOARD MEMBER

UT Bowld Hires Transplant Services Director

Barry Marshall joined UT Bowld Hospital as administrative director of transplant services. Marshall previously worked with Health Alliance of Greater Cincinnati ...

96. Archived Article: Real Focus - Tuesday, December 16, 2003
Real

Apartments Struggle With Low Interest Rates

LANCE ALLAN

The Daily News

Pay $720 for a tiny, one-bedroom apartment, or an extra $120 a month for a three-bedroom house. Thats the decision University of Memphis grad Robert Goode faced ...

97. Archived Article: Daily Digest - Tuesday, December 16, 2003
Monticello Apartments

Monticello Apartments

Sell for $9.7 Million

An investment group led by Makowsky Ringel Greenberg LLC has acquired the Monticello Apartments at 3250 Kirby Parkway for $9.7 million. Blake Pera and Steve Rudesill of CB Ri...

98. Archived Article: Daily Digest - Monday, September 29, 2003
CRYE-LEIKE EXPANDING HOT SPRINGS

Apartment Complexes

Sell for $36.5 Million

Trinity Lakes, a 540-unit property at 7935 Club Circle, and Arbors of Century Center, a 420-unit property at 1490 Century Arbor Lane, both in the Cordova/Germantown...

99. Archived Article: Apt (lead) - Monday, September 15, 2003
Lead

Apartment Market Continues Slow Rise

Minimal construction aids absorption

LANCE ALLAN

The Daily News

The improvement might be slight, but the Memphis multifamily real estate market continued to turn around in the second quarter, ...

100. Archived Article: Real Review - Tuesday, May 20, 2003
Emerald properties sell for $9

Emerald properties sell for $9.3 million

Three apartment communities located in Memphis Southeast submarket sold recently for a combined price of $9.3 million, or $24,992 per unit.

Blake Pera and Steve Rudesil...