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Editorial Results (free)

1. US Home Market: Few Buyers and Not Enough Sellers -

WASHINGTON (AP) – Entering the 2014 spring buying season, the U.S. housing market faces an unusual dilemma: Too few people are selling homes. Yet too few buyers can afford the homes that are for sale.

2. Vince Vaughn Brings Comedy Festival to Nashville -

NASHVILLE (AP) – Actor Vince Vaughn is bringing a new comedy festival to Nashville this spring with live tapings and stand-up acts to be held at the city's music venues.

Vaughn's Wild West Comedy Festival on May 15-18 will include comedians Aziz Ansari, Rodney Carrington and Dennis Miller among others.

3. Bright Spot -

The Memphis multifamily market turned in a strong performance during 2013, with enhanced investor interest and new units under construction.

Blake Pera, senior vice president of CB Richard Ellis Memphis’ multifamily division, classified the multifamily market in 2013 as healthy and continuing to improve.

4. Apartment, Retail Markets Holding Steady -

The Memphis area multifamily and retail markets continue to chug along, with the newer, more upscale products in each sector propping up both overall markets.

Those trends and others in commercial real estate will be the subject of discussion Thursday, Nov. 7, during the 2013 Commercial Real Estate Review & Forecast, one of six seminars in The Daily News’ 2013 Seminar Series.

5. Banks' Earnings Pop Masks Deeper Concerns -

NEW YORK (AP) – Major U.S. banks have turned in big profit gains this season, but the news isn't all good.

Much of the earnings increase is coming from cutting costs, rather than growing their core lending businesses. A boom in mortgage refinancing looks like it's about to peter out. And regulators are considering stricter new rules that would force the banks to shore up their cash.

6. Panther Properties Buys Two Cordova Apartments -

2350 N. Houston Levee Road and 2323 N. Houston Levee Road

7. Panther Properties Buys Two Cordova Apartments -

Woburn, Mass.-based Panther Properties Investment LLC has bought a pair of Cordova apartment complexes – the Villas at Grays Creek and the Carrington at Houston Levee – for a combined $44.8 million.

8. Q2 Foreclosures Hold Steady -

Shelby County foreclosures increased slightly in the second quarter (April through June) compared to Q2 2009 but declined from the first quarter of 2010.

There were 1,384 properties seized in Q2, up 2 percent from 1,353 in Q2 2009 and down 4.3 percent from 1,446 in Q1, according to quarterly figures from real estate information company Chandler Reports, www.chandlerreports.com.

9. Multifamily Owner Defaults On $19.5M Loan -

In what has become a common theme in the multifamily industry, another pair of large apartment complexes will be sold on the courthouse steps.

The Waterford Pointe Apartments at 5045 Airways Blvd. in Whitehaven and the Carrington Manor Apartments at 4805 Winchester Road in Oakhaven have been foreclosed, according to a first-run notice in today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

10. Luxury Apartments Under Way in Cordova -

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.

11. Elvis Presley EnterprisesBuys 9.5 Acres in Whitehaven -      Elvis Presley Enterprises Inc. has bought two parcels totaling 9.5 acres near Graceland in Whitehaven through two transactions.
     The first was the purchase of 5.53 acres from Roluwa Realt

12. $1.5 Million Land Transaction Heralds New Cordova Apartments -      Davis Development Inc., an apartment development company based near Atlanta, has bought two parcels on Houston Levee Road near Pisgah Road in Cordova and plans to build luxury apartment complexes on each.
  

13. Archived Article -

1715 Aaron Brenner Drive
Memphis, TN 38120
Sale Amount: $38.1 million

Sale Date: Dec. 11, 2006

Buyer: PKY Fund Memphis I LLC

14. Archived Article -

Six lots in
Wolf River Ranch
Loan Amount: $6 million

Loan Date: March 24, 2006

Maturity Date: Aug. 31, 2006

15. Archived Article -

5300 Hickory Hill Road
Memphis, TN 38141
Cost: $18.8 million

Borrower: DCT Eastpark I LP and Ark Eastpark I LLC

16. Alliance RT FinancesApartment Communities - Alliance RT LP has financed the Waterford Pointe apartments at 5045 Airways Blvd. and Carrington Manor apartments at 4805 Winchester Road through Wachovia Bank NA for $21.3 million. Alliance bought the properties from Mid-America Apartments LP in 200

17. Archived Article: Trends Focus - ANDY MEEK

Memphis Lottery Sales Slack Off, Retailers Say

ANDY MEEK

The Daily News

When Tennessee Lottery officials make their second transfer of proceeds to the Tennessee Lottery for Education fund next week, the total is expected to app...

18. Archived Article: Newsmakers - CHILDRENS MUSEUMS ADDS TO BOARD OF TRUSTEES

Childrens Museum Names New Board Members

The Childrens Museum of Memphis announced the following additions to its board of trustees: Jon A. Bascum, vice president of information technology, AutoZone;...

19. Archived Article: Real Recap - 31 acres near

Firm Finances, Refinances Apartments

31 acres near

Winchester Road

Cost: $22 million

Borrower: Windyke Park Associates LP

Lender: AmSouth Bank

Trustee: FMLS Inc.

Property: 31 acres of unimproved land located at ...

20. Archived Article: Cutline - cutline William Carrington Jones signs in with his local precinct at Lindenwood Christian Church on East Parkway, preparing to vote in the primaries. Turnout for Super Tuesday was expected to be low. ...