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Editorial Results (free)

1. CB Richard Ellis Brokers Four Multifamily Sales -

The multifamily group at CB Richard Ellis Memphis has closed on the sale of four properties in the Memphis market over the last several weeks.

Briar Club Apartments, a 272-unit apartment community constructed in 1985, sold for $8.7 million, or $32,093 per unit. Cinnamon Trails Apartments, a 208-unit apartment community constructed in 1989, sold for $8.6 million, or $41,461 per unit. respectively. CBRE Memphis represented the sellers, Briar Apartments LLC and Cinnamon Apartments LLC in the sale to New York based Briar Club LLC and Cinnamon Trail LLC.

2. Downtown Investment -

Downtown’s housing market is seeing more sales, less time on the market, lower price points and inventory shortages.

There were 51 home sales year to date through February for Downtown’s 38103 ZIP code, a 104 percent increase from the 25 sales through the first two months of 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.

3. CashSaver Trades Hands for $3.2 Million -

The CashSaver in Midtown has traded hands. 

Kansas City, Kan.-based Super Market Developers Inc. bought the 69,017-square-foot building at 1620 Madison Ave. at Avalon Street from 1620 Madison LLC for $3.2 million. Fred Monks III, president/chief manager of 1620 Madison LLC, signed the special warranty deed.

4. Slam Dunk -

Historically, December isn’t the kindest month to Downtown Memphis’ economy. That’s compared to the summer months, when Beale Street and its surrounding areas are bustling with people visiting attractions, dining at restaurants and spending money on retail items.

5. Garland Sells Real Estate to Beat of His Own Drum -

Chris Garland was drawn to the hustle and bustle of the real estate business in his early teens.

6. J.D. Byrider Brings First Franchise To Memphis -

The nation’s largest used car franchise company has entered the Memphis market. Carmel, Ind.-based J.D. Byrider has inked 30,900 square feet at 2580 Mount Moriah Road, marking the company’s second Tennessee dealership.

7. Hilton Developer Granted Closing Extension -

Developers of the Downtown Memphis Hilton Hotel project were granted a one-year closing extension from the Memphis Center City Revenue Finance Corp. board Tuesday, Oct. 9.

8. Hilton Developer Granted Closing Extension -

Developers of the Downtown Memphis Hilton Hotel project were granted a one-year closing extension from the Memphis Center City Revenue Finance Corp. board Tuesday, Oct. 9.

9. Pinched by Gas, Shoppers Pull Back Elsewhere -

NEW YORK (AP) – Shoppers are showing signs of pulling back on spending on discretionary items like clothing and home goods as gasoline and groceries eat up more of their paychecks.

Those pressures led many retailers on Thursday to report only modest revenue increases in May, the latest sign of the economy hitting a soft patch.

10. Gus’s Chicken Empire will Expand to E. Memphis -

One of Memphis’ most celebrated fried chicken eateries is in the pipeline for a long-time vacant East Memphis parcel.

Construction is under way for a new custom-designed Gus’s “World Famous Fried Chicken” at 730 S. Mendenhall Road, at the “Y” where Mendenhall and Mount Moriah split just south of Poplar Avenue.

11. Gus’s to Expand Fried Chicken Empire to East Memphis -

One of Memphis’ most celebrated fried chicken eateries is in the pipeline for a long-time vacant East Memphis parcel.

Construction is under way for a new custom-designed Gus’s “World Famous Fried Chicken” at 730 S. Mendenhall Road, at the “Y” where Mendenhall and Mount Moriah split just south of Poplar Avenue.

12. Gus's to Expand Fried Chicken Empire to East Memphis -

One of the Memphis region’s most celebrated fried chicken eateries is in the pipeline for a long-time vacant East Memphis parcel.

Construction is under way for a new custom-designed Gus’s “World Famous Fried Chicken” at 730 S. Mendenhall Road, at the “Y” on Mendenhall just south of Poplar Avenue. It is between The Half Shell and Gibson's Donuts.

13. 'Eat and Enjoy' -

It’s only a matter of days before Downtowners can start bringing their grocery lists to the corner of Main Street and Union Avenue.

City Market, a boutique grocery that will offer freshly prepared cuisine as well as staples like milk and eggs, is expected to open its doors Nov. 30.

14. Ivy at South End Sidesteps Condominium Craze -

While much of the Downtown real estate market has been concentrating its efforts on condominiums, one group is working on something different - single family homes.

Robert Durbin of Durbin Diversified Builders and his son-in-law, Reid Hedgepeth of Hedgepeth Construction, are building 17 upscale zero-lot homes at The Ivy at South End near the intersection of South Front and Georgia streets.

15. Archived Article: Trees (lead) - Christmas tree vendors sell an experience, not just a tree Evergreen vendors sell more than trees By SUE PEASE The Daily News With two weeks until Christmas, shoppers still are filling the malls to make sure they have just the right gifts under the ...

16. Archived Article: Midtown (lead) - MIDTOWN CORRIDOR NEARS COMPLETION Midtown corridor nears completion By MARY DANDO The Daily News As the Memphis Landmarks Commission meets at 4:30 p.m. today to review plans for two Midtown homes on Garland and Peabody, the board will probably be co...

17. Archived Article: Real Focus Bricks - newsvote Building boom turns bricks into hot commodity By LAURIE JOHNSON The Daily News For the past several years, low interest rates and a healthy economy have sustained one of the longest building booms in recent history. This constant demand for...