Local property management companies like Lubin Property Management LLC and Renshaw Property Management are capitalizing on the trend for young potential homebuyers choosing to rent instead of buy.

2. New York Company Buys Country Squire for $49.2 Million - Tuesday, April 09, 2013

8056 Country Squire Lane Cordova, TN 38018

Sale Amount: $49.2 million

Sale Date: March 28, 2013

3. New York Company Buys Country Squire for $49.2 Million - Thursday, April 04, 2013

An affiliate of New York-based NorthStar Realty Finance Corp. has paid $49.2 million for the 972-unit Country Squire Apartments in Cordova.

4. City Council Approves Amended Property Registry - Wednesday, April 03, 2013

Memphis Mayor A C Wharton Jr. won a partial victory in his emphasis on fighting blight with final Memphis City Council approval Tuesday, April 2, of a property registration ordinance.

But the council amended out a provision in the ordinance that would have required the registration of all property. What is left is a registry of vacant and abandoned property where property taxes are delinquent and code enforcement finds violations.

5. City Council to Vote on Property Registration Ordinance - Tuesday, April 02, 2013

Memphis City Council members take up third and final reading Tuesday, April 2, of an ordinance that requires registration and a fee for owners of property within the city.

The council meets at 3:30 p.m. at City Hall, 125 N. Main St.

6. Terminix Expands Commercial Sales Team - Saturday, March 16, 2013

Terminix, the Memphis-based pest control provider, has added three national account managers to its commercial sales team.

The new roles will allow the company to grow new business and better service existing commercial accounts, and all three will report to vice president of commercial sales Michele Vance, who joined the company last fall through its acquisition of Schendel Pest Services.

7. New York Firm Buys Distribution Center for $24.7 Million - Monday, March 18, 2013

Gramercy Capital Corp. has acquired Hacks Cross Logistics Center Building 1 in Olive Branch for $24.7 million from Hillwood Investment Properties.

8. Boyle Celebrates 80 Years, Sponsors Art Exhibit - Monday, March 18, 2013

Boyle Investment Co. turns 80 this year, and has partnered with the Memphis Brooks Museum of Art to celebrate.

9. Gramercy Capital Acquires $25 Million Distribution Facility - Friday, March 15, 2013

Gramercy Capital Corp. has acquired Hacks Cross Logistics Center Building 1 in Olive Branch for $24.65 million from Hillwood Investment Properties.

10. Terminix Expands Commercial Sales Team - Tuesday, March 12, 2013

Terminix, the Memphis-based pest control provider, has added three national account managers to its commercial sales team.

The new roles will allow the company to grow new business and better service existing commercial accounts, and all three will report to vice president of commercial sales Michele Vance, who joined the company last fall through its acquisition of Schendel Pest Services.

11. Belle Harbour Apartments Owner Files $17.1 Million Loan - Tuesday, March 12, 2013

The owner of the 499-unit Belle Harbour Apartments on Mud Island Drive has filed a $17.1 million loan on the property.

Knickerbocker Properties XXXIX, an affiliate of New York-based Sentinel Real Estate Corp., filed the multifamily deed of trust, assignment of leases and rents, security agreement and fixture filing Feb. 26 through Berkeley Point Capital LLC.

12. California Company Buys Former Quebecor Facility - Tuesday, March 05, 2013

828 E. Holmes Road Memphis, TN 38116

Sale Amount: $2.7 million

Sale Date: Feb. 15, 2013

13. Breaking the Mold - Saturday, February 23, 2013

When Rosemarie Fair was named Broker of the Year in investment sales at last year’s Pinnacle Awards, she became the first woman ever to do so.

Before Fair founded One Source Commercial Inc. in 1993, she worked with Carlisle Corp. in the early 1980s on Beale Street Landing Downtown. She remembers often what her mentor Gene Carlisle taught her – “Somebody will take care of the big stuff, it’s the nickels and dimes that make the difference.”

14. New York Times to Sell Boston Globe - Thursday, February 21, 2013

NEW YORK (AP) – The New York Times Co. says it is selling The Boston Globe and its related assets, in order to focus on its namesake newspaper.

15. York Properties Files Loans on Whitehaven Facility - Tuesday, February 12, 2013

York Properties LLC has filed $3.9 million and $2.1 million loans on its property at 3100 Bellbrook Drive in Whitehaven.

16. Memphis Marriott Sells for $12.4 Million in Foreclosure - Tuesday, February 12, 2013

2625 Thousand Oaks Blvd. Memphis, TN 38118

Sale Amount: $12.4 million

17. Autumnwood Apartments Sells for $13.5 Million - Monday, February 11, 2013

The 324-unit Autumnwood Apartments, situated at the southwest corner of Kirby Parkway and Mount Moriah Road Extended, has sold for $13.5 million to an entity named Autumnwood Investments LLC.

18. Madewell Coming to Saddle Creek - Friday, February 08, 2013

The Shops of Saddle Creek in Germantown will soon gain another national retailer with no other presence in Tennessee.

Madewell, a subsidiary of J. Crew Group Inc., has signed a 3,061-square-foot lease in The Shops of Saddle Creek North, 7509 Poplar Ave., in part of the space that was previously The Gap in between James Avery Jewelry and Brighton Collectables.

19. Stonegate Apartments Financed for $3.6 Million - Tuesday, February 05, 2013

The 208-unit Stonegate Apartments complex in Raleigh has been financed for $3.6 million by its ownership group, an affiliate of New York-based White Eagle Properties.

WE Stonegate LLC filed the five-year loan Jan. 30 for the Class C complex at 4500 Stone Gate Drive, situated on 12.3 acres at the northwest corner of Coleman and Raleigh-Lagrange roads.

20. Filling the Voids - Saturday, February 02, 2013

Last year was a banner year for adaptive reuse projects in Midtown and Downtown.

Developers announced plans for the Sears Crosstown building, Overton Square, Hotel Chisca, James Lee House and old United Warehouse in the South Main Historic Arts District. Construction began on The Pyramid, turning it into a 220,000-square-foot mega-Bass Pro Shop Outdoor World, and Memphis in May moved into its new headquarters at 56 S. Front St., a 14,600-square-foot building that’s on the National Register of Historic Places.

21. Dyersburg Mall Sells for $4.4 Million - Thursday, January 24, 2013

The Dyersburg Mall has fetched $4.35 million after hitting the online auction block in November.

Yazoo, Miss.-based Action Properties LLC purchased the 191,038-square-foot regional shopping mall at 2700 Lake Road in Dyersburg, Tenn., under the entity Action Dyersburg LLC. The seller, Jackson, Miss.-based Mattiace Properties Inc., disposed of the asset under the entity Dyersburg Mall Co. LLC.

22. Battling Blight - Monday, January 07, 2013

The kickoff date to the Downtown Memphis Commission’s anti-blight initiative on April 1, 2011, is embedded in president Paul Morris’ memory.

23. Changing Market - Wednesday, January 02, 2013

Much of 2012’s commercial real estate deals could be summed up in one of three phrases: speculative construction, institutional buyers and unusual transactions.

The first quarter was kicked off when Industrial Developments International Inc. revealed plans to add one build-to-suit and two speculative buildings in its Crossroads Distribution Center in Olive Branch – marking the area’s first spec construction since 2008.

24. New Brewery on Tap for Cooper-Young - Friday, December 21, 2012

A new brewery is headed to Cooper-Young. 

Memphis native and craft beer enthusiast Drew Barton plans to open Memphis Made Brewing Co. LLC at 768 S. Cooper St. near York Avenue along with two other silent partners by mid 2013. The 6,000-square-foot space is adjacent to Signworks and owned by Richard Sullivan.

25. Brooks Brothers Relocating to Saddle Creek - Friday, December 07, 2012

High-end clothier chain Brooks Brothers plans to open a new location at The Shops of Saddle Creek West in Germantown.

The New York City-based retailer will open in 7,500 square feet of space at 7509 Poplar Ave. by early June, taking over the two suites formerly occupied by Indigo and Talbots Men’s. Indigo last month relocated and expanded two spaces down into the old Natural Body Spa & Shoppe space.

26. Rheumatology Clinic Buys Germantown Office Building - Tuesday, November 27, 2012

7660 Poplar Pike Germantown, TN 38138

Sale Amount: $986,850

Sale Date: Nov. 14, 2012

27. California Investor Buys Apartments for $25.5 Million - Wednesday, November 21, 2012

Torrance, Calif.-based Arenda Capital Management LLC has bought its second Memphis-area multifamily property this year, paying $25.5 million for the Grove at Trinity Pointe apartments at 555 Wood Arbor Parkway in Cordova.

28. 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.

29. Capital Influx - Monday, October 29, 2012

Capital is finally being set free in the Memphis industrial market, with opportunities on both the buy and sale side of investment deals.

Nearly $200 million has been spent since June, as public and private institutional buyers alike make large plays.

30. J.D. Byrider Brings First Franchise To Memphis - Friday, October 26, 2012

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.

31. MED Files $1.3 Million Permit for Improvements - Tuesday, October 09, 2012

877 Jefferson Ave. Memphis, TN 38104

Permit Cost: $1.3 million

Project Cost: TBA

32. Easy Money - Monday, October 08, 2012

When the Federal Reserve announced a few weeks ago its newest – i.e., third – round of quantitative easing intended to once again try to juice a sluggish economy, an employee of FTN Financial couldn’t resist a metaphor for the Fed’s open-ended commitment.

33. Willow Oaks Apartment Complex Sells for $1.1 Million - Friday, October 05, 2012

Bountiful, Utah-based Noall Investment Properties LLC has paid $1.1 million for the 346-unit Willow Oaks apartment complex at 2429 Ketchum Road.

34. Lease Takes Appling Farms to Capacity - Friday, September 28, 2012

A distributorship of Pella Corp. has inked 11,300 square feet in Appling Farms Corporate Park, 6972 Appling Farms Parkway.

35. Gaylord Shareholders Vote to Reorganize as Investment Trust - Thursday, September 27, 2012

NASHVILLE (AP) – Gaylord Entertainment Company shareholders have approved a plan to reorganize as a real estate investment trust and turn over management of its four resort properties to Marriot International Inc.

36. CCDC Passes Two Downtown Projects - Thursday, September 20, 2012

Two Downtown Memphis projects were propelled Wednesday, Sept. 19, by the Center City Development Corp. while the board was briefed on several of the area’s businesses that are in flux.

37. Local Entrepreneurs Will Soon Have ‘Urban Workspace’ - Tuesday, September 18, 2012

A shared open work space, modeled after incubators in Los Angeles and New York City, is on the brink of being launched in Downtown Memphis.

Urban Workspace Powered by Cricket Wireless, located in the City House Memphis Condos at 6 W. G.E. Patterson Ave., will provide an affordable, shared working environment for freelancers, entrepreneurs, small businesses and startups eager to collaborate and share resources. The co-working facility opens Oct. 1.

38. Foreclosure Starts Fell on Annual Basis in August - Friday, September 14, 2012

LOS ANGELES (AP) – The evolution of the U.S. foreclosure crisis is increasingly diverging along state lines.

On a national level, fewer homes were placed on the foreclosure track last month than in August last year, when they hit a 17-year high, foreclosure listing firm RealtyTrac Inc. said Thursday.

39. The Heart Beats - Friday, September 14, 2012

THE HEART BEATS. AGAIN. A lifetime ago, screwdrivers with lifetime guarantees came from an art moderne castle, and screwdrivers with orange juice came from the only other Friday’s outside of Manhattan.

40. Panda to Build Restaurant On Winchester Outparcel - Monday, September 03, 2012

7525 Winchester Road
Memphis, TN 38125

Permit Cost: $791,345

Project Cost: N/A

41. New Jersey Company Buys Mendenhall Retail Portfolio - Friday, August 31, 2012

Lexington Funding LLC has paid $950,000 for a portfolio of retail strip centers on South Mendenhall Road in Hickory Hill North.

42. Raines Road Warehouse Sells for $2.3 Million - Tuesday, August 14, 2012

4049 E. Raines Road
Memphis, TN 38118

Sale Amount: $2.3 million

Sale Date: Aug. 3, 2012

43. Grant Entity Files $20M Loan For Collierville Construction - Tuesday, August 07, 2012

25 acres north
Of Shea Road

Loan Amount: $20.4 million

Loan Date: July 31, 2012

Maturity Date: Aug. 1, 2017

Borrower: Westbrook Crossing GP

Lender: Magna Bank

44. Hotel Makeover - Tuesday, August 07, 2012

The editors of TripAdvisor, the world’s largest Internet website devoted to travel, think the South’s Grand Hotel is one of the top 10 “quirkiest lodgings in America.”

In recent days, they posted to TripAdvisor a list of 10 properties, including The Peabody, which they say offer travelers “outlandish accommodations and extraordinary experiences.”

45. Carriage Crossing Owners File $40 Million Loan - Friday, August 03, 2012

The new owners of Collierville lifestyle center Carriage Crossing have filed a $40 million loan for the property through Wells Fargo Bank.

46. Shelby Crossing Retail Center Sells for $2M in Foreclosure - Tuesday, July 31, 2012

6100 Macon Road
Memphis, TN 38134

Sale Amount: $2 million

Sale Date: July 13, 2012

47. Dollar General Buys Three New Stores - Monday, July 30, 2012

Goodlettsville, Tenn.-based Dollar General Corp. has paid $3.2 million to buy three recently completed stores from Ware Properties LLC, the company that built them.

48. Royal Oaks Houses Trade Hands for $1.1M - Wednesday, July 25, 2012

New York-based SpringView Investments LLC has acquired 19 houses in Raleigh’s Royal Oaks Planned Development for $1.1 million.

49. More US Homes Facing Foreclosure Risk in June - Friday, July 13, 2012

LOS ANGELES (AP) — Banks are increasingly placing homes with unpaid mortgages on a countdown that could deliver a swell of new foreclosed properties onto the market by early next year, potentially weighing further on home values.

50. G&I Sells 2 Multifamily Sites For Combined $55.8 Million - Tuesday, July 03, 2012

160 Madison Farms Drive
Collierville, TN 38017

Sale Amount: $32 million

Sale Date: June 20, 2012

51. Bailey Creek Apts. Sells for $23.8M - Monday, July 02, 2012

The 232-unit Bailey Creek Apartments in Collierville has sold for $23.8 million to New York-based private real estate investment firm Somerset Partners LLC, marking Somerset’s fourth Memphis-area purchase.

52. Madison at Schilling Farms Sells for $32 Million - Tuesday, June 26, 2012

Arenda Capital Management, a Los Angeles-based private real estate investment firm, has bought the 324-unit Madison at Schilling Farms apartment complex in Collierville for $32 million.

Arenda, working under the name Madison 324 LLC, closed on the purchase from G&I IV Madison LP on Wednesday, June 20. G&I is a joint venture between New York-based investment advisor DRA Advisors LLC and Memphis’ Fogelman Properties.

53. Slice of the Pie - Monday, June 18, 2012

Come mid-July, local restaurateur Aldo Dean will launch Aldo’s Pizza Pies, his group’s third concept in Memphis and second in Downtown’s Central Business District.

Dean is one of three partners behind the new 3,900-square-foot restaurant on the ground floor of Henry Turley Co.’s Barboro Flats at 100 S. Main St. Adam Slovis of Slovis & Associates LLC represented Dean and his group in its seven-year lease for Aldo’s Pizza Pies.

54. Pair of Nursing Homes Financed for $22 Million - Friday, June 15, 2012

Quince Property Co. LLC has filed a $12 million loan through Lancaster Pollard Mortgage Co. for a Quince Road nursing home, while related entity Allenbrooke Property Co. LLC filed a $10 million loan through Lancaster Pollard for an Allenbrooke Cove nursing home. The New York-based entities bought the pair of properties last year for a combined $17 million, financing them at the time for $17 million.

55. MEPPI Files $155M Permit App For Rivergate Plant, Office - Tuesday, June 12, 2012

2865 Riverport Road
Memphis, TN 38109

Permit Cost: $155 million

Permit Date: Applied June 2012

56. Fla. Company Buys Cordova Retail Center - Friday, June 08, 2012

Coral Springs, Fla.-based Swiss Capital Group LLC has acquired The Shops of Woodland Hills in Cordova for $3.1 million.

57. NY-Based Retail Owner Defaults on $25.6M Loan - Friday, June 08, 2012

Four retail properties across six parcels in Collierville and Cordova owned by affiliates of New York-based Nightingale Properties are in default and facing foreclosure.

A first-run foreclosure notice has been filed for three retail properties in Collierville and one in Cordova after borrowers defaulted on a $25.6 million loan secured by the properties. The properties are scheduled for sale Friday, June 29, at noon by substitute trustee Robert F. Tom.

58. 4 Family Dollar Stores Sold in Sale-Leaseback - Thursday, June 07, 2012

Family Dollar Stores of Tennessee Inc. has sold four Memphis stores to California-based Realty Income Corp. as part of a $4.9 million sale-leaseback.

59. DRA Advisors Closes on Two Shelby Drive Warehouses - Friday, June 01, 2012

New York-based DRA Advisors LLC has closed on two Memphis warehouse properties for $12.3 million, as part of a larger portfolio purchase from Houston-based Weingarten Realty Investors.

60. FDIC Signs Lease In Lakecrest - Friday, May 25, 2012

Federal Deposit Insurance Corp. has inked a substantial lease in Lakecrest III, marking the market’s largest office lease signing this year.

61. Motel 6 Being Sold to Private Group for $1.9B - Wednesday, May 23, 2012

NEW YORK (AP) – French hotel company Accor SA is checking out of Motel 6 and a prominent U.S. investment firm is moving in.

Accor said Tuesday that it reached a deal to sell the U.S. motel company, including its extended-stay chain Studio 6, to The Blackstone Group LP for $1.9 billion.

62. $17M in Permit Applications Filed for Miller Creek Apts. - Tuesday, May 22, 2012

Miller Creek Apartments
Germantown, TN 38125

Permit Cost: $17.2 million (20 permits)

Permit Date: Applied May 2012

Owner: Miller Creek Residences LLC

63. $55M in Warranty Deeds Filed for Carriage Crossing - Tuesday, May 15, 2012

Three warranty deeds totaling $55 million have been filed with the Shelby County Register of Deeds related to the sale of The Avenue Collierville lifestyle center, formerly known as The Avenue at Carriage Crossing.

64. Poag, N.Y. Investor Buy The Avenue - Friday, May 11, 2012

The Avenue Collierville – the largest lifestyle center in the Memphis metropolitan area at Houston Levee Road and Bill Morris Parkway – has been bought by an affiliate of Memphis-based Poag Lifestyle Centers.

65. Poag, N.Y. Investor Buy The Avenue - Thursday, May 10, 2012

The Avenue Collierville – the largest lifestyle center in the Memphis metropolitan area at Houston Levee Road and Bill Morris Parkway – has been bought by an affiliate of Memphis-based Poag Lifestyle Centers.

66. Highland Meadows Sells for $5.5 Million - Tuesday, May 01, 2012

5045 Airways Blvd.
Memphis, TN 38116

Sale Amount: $5.5 million

Sale Date: April 25, 2012

67. Colonnade at Germantown Sells for $23 Million - Tuesday, April 17, 2012

7491 Wyndhurst Place or 7455 Wolf River Blvd.
Germantown, TN 38138

68. Sentinel Buys G'town Apts. for $23.1 Million - Monday, April 16, 2012

New York-based Sentinel Real Estate Corp., working under the name VA Germantown LLC, has bought The Colonnade at Germantown apartments for $23.1 million from DMARC 2006-CD2 Wyndhurst Place LLC, an entity affiliated with Miami-based special service lender LNR Partners LLC.

69. Weingarten Realty to Sell Two Industrial Properties - Friday, April 13, 2012

Weingarten Realty Investors, a Houston-based owner, manager and developer of shopping centers, is preparing to sell its wholly-owned industrial portfolio – which includes two properties in Memphis – to New York-based DRA Advisors LLC for $382.4 million.

70. Hertz Closes On Memphis CRE Portfolio - Wednesday, April 04, 2012

Hertz Investment Group LLC has completed its acquisition of five Memphis office buildings, marking the firm’s return to the Bluff City and focus shift to secondary and tertiary markets.

71. BofA to Offer Rentals as Foreclosure Alternative - Monday, March 26, 2012

NEW YORK (AP) – Bank of America says it has begun a pilot program offering some of its mortgage customers who are facing foreclosure a chance to stay in their homes by becoming renters instead of owners.

72. Tenn. Among States With Foreclosure Spike in Feb. - Friday, March 16, 2012

LOS ANGELES (AP) – Foreclosure activity surged last month across about half of the nation's states, as banks tackled a backlog of homes with mortgages that had gone unpaid yet remained in limbo due to delays stemming from foreclosure-abuse claims.

73. Former Cleo Site Sells For $2.6M - Friday, March 16, 2012

A Memphis-based buyer has bought more than 1 million square feet formerly occupied by Cleo Inc. gift-wrapping company in Airport Industrial Park Section A for less than two-thirds of the listing price.

74. 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.

75. Mallory’s Route Leads Him to CRE Career - Friday, March 02, 2012

Neely Mallory IV comes from a long line of logistics executives, with ancestry dating back to Memphis’ early days as a cotton hub.

These days, Mallory is learning the ropes of supply chains from a different vantage point: through some of the city’s top producing industrial real estate professionals.

76. Sears Shedding Some Stores, Reports Q4 Loss - Friday, February 24, 2012

NEW YORK (AP) – Sears said Thursday that it's unloading some of its profit-busting stores, but the retailer fell short of revealing how it plans to woo shoppers back into its remaining ones.

77. EdR to Develop Ole Miss Housing - Friday, February 24, 2012

Memphis-based collegiate housing company EdR has executed agreements with Landmark Properties to develop, own and manage a $36 million community near the University of Mississippi in Oxford, Miss.

The announcement comes Thursday, Feb. 23 – the same day EdR will release its fourth quarter financial results after market close.

78. EdR to Develop Ole Miss Housing - Thursday, February 23, 2012

Memphis-based collegiate housing company EdR has executed agreements with Landmark Properties to develop, own and manage a $36 million community near the University of Mississippi in Oxford, Miss.

The announcement comes Thursday, Feb. 23 – the same day EdR will release its fourth quarter financial results after market close.

79. Time Warner Sees Growth After Harry Potter Movies - Thursday, February 09, 2012

NEW YORK (AP) – Time Warner Inc. got a boost from its movie studio and cable TV networks in the last three months of the year, and the company expects growth to continue in 2012 even with the end of its lucrative Harry Potter franchise.

80. Memphis Company Inks Major Miami Lease - Tuesday, February 07, 2012

Memphis-based commercial real estate firm SMPO Properties Inc. has executed a lease with The Miami Herald Media Co. for the former U.S. Southern Command Headquarters building in Doral, Fla.

81. REIT Pays $30M for 2 Nursing Homes - Thursday, January 19, 2012

Affiliates of a Grubb & Ellis healthcare real estate investment trust have bought nursing homes in Memphis and Millington for a combined $29.9 million.

G&E HC REIT II Memphis SNF LLC bought Parkway Health & Rehab Center at 200 South Parkway W. from Tennessee Property Associates LP for $15.9 million, and G&E HC REIT II Millington SNF LLC bought Millington Healthcare Center at 5081 Easley St. in Millington from West Point Road Associates LP for $14 million.

82. Education Realty Trust Rebrands, Promotes Key Execs - Monday, January 09, 2012

Memphis-based Education Realty Trust Inc. has had a busy few months, ending fourth-quarter 2011 with several new properties in hand and starting 2012 by turning over a new leaf entirely – to be more specific, a new name, a new logo, new positions for several key executives and a $28 million acquisition.

83. CRE Activity Stays Strong During 2011 - Friday, December 30, 2011

Despite hard times, local commercial real estate firms were able to ink plenty of deals in the past 12 months.

Memphis’ industrial leasing activity kicked off in January when Buena Park, Calif.-based Pacific Logistics Corp. signed a 60,000-square-foot lease in ProLogis Park DeSoto for its first Memphis-area location.

84. Stonebridge Apartments Sells for $22 Million - Tuesday, December 20, 2011

9135 U.S. 64 and 9225 U.S. 64
Memphis, TN 38016

Sale Amount: $21.9 million

Sale Date: Dec. 6, 2011

Buyer: AB Merion Stonebridge LLC

85. Whitney Cap. Files Loan for 99 N. Main Apts. - Monday, December 19, 2011

Memphis 99 Tower LP, an entity affiliated with New York-based Whitney Capital Co. LLC, has filed a $6.7 million trust deed through Oak Grove Commercial Mortgage LLC for The Renaissance Apartments at 99 N. Main St.

86. Merion-AllianceBernstein Venture Buys Stonebridge Apts. - Thursday, December 15, 2011

A joint venture between Merion Realty Partners and an affiliate of AllianceBernstein U.S. Real Estate Partners LP has bought Stonebridge Apartments from CMS Stonebridge LLC for $21.9 million as part of a 20-property multifamily portfolio purchase the companies announced in October.

87. Cordova's Stonebridge Apartments Sells for $22M - Wednesday, December 14, 2011

A joint venture between Merion Realty Partners and an affiliate of AllianceBernstein U.S. Real Estate Partners LP has bought Stonebridge Apartments from CMS Stonebridge LLC for $21.9 million as part of a 20-property multifamily portfolio purchase the companies announced in October.

88. Federal Report: Home Flipping Drove Housing Bubble - Tuesday, December 13, 2011

LAS VEGAS (AP) – A new federal report shows that speculative real estate investors played a larger role than originally thought in driving the housing bubble that led to record foreclosures and sent economies plummeting in Nevada, California, Arizona, Florida and other states.

89. Somerset Park Apartments Sell for $1.1 Million - Tuesday, November 01, 2011

3425 Winchester Park Drive
Memphis, TN 38118
Sale Amount: $1.1 Million

90. Preserve at Southwind Apts. Sell for $22.2 Million - Tuesday, October 25, 2011

7991 Capilano Drive
Memphis, TN 38125
Sale Amount: $22.2 million

Sale Date: Oct. 12, 2011

91. Memphis Invest Sells 11 Local Properties - Friday, October 07, 2011

Memphis Invest – a local, family-owned, real estate investment firm – recently sold 11 properties, yielding an economic impact of nearly $1 million in local investment dollars.

Memphis Invest and FortuneBuilders.com in September hosted a MasterMind event for real estate-investment-business owners from California to New York and as far as New Zealand. Attendees studied best business practices such as growth strategies and relationship-building. Among other events, 85 attendees traveled on a one-day buying tour, where they were taken around the city on charter buses and introduced to immediate investment opportunities in Memphis.

92. In the US, Two Housing Markets and Two Directions - Thursday, September 22, 2011

In America, it's starting to feel as if there are two housing markets. One for the rich and one for everyone else.

Consider foreclosure-ravaged Detroit. In the historic Green Acres district, a haven for hipsters, a pristine, three-bedroom brick Tudor recently sold for $6,000 – about what a buyer would have paid during the Great Depression.

93. Summit Touts Return of Demand - Friday, August 26, 2011

“Demand is back” was the theme at the ninth annual Southern Lodging Summit held Downtown this week at The Peabody hotel and the Memphis Cook Convention Center.

Hoteliers and industry execs gathered for the 2011 Summit, which was organized by the Metropolitan Memphis Hotel & Lodging Association and hotel consulting firm Pinkowski & Co.

94. 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.

95. 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.

96. Bloomberg Philanthropies Grants Memphis $4.8M - Friday, July 15, 2011

New York City Mayor Michael Bloomberg calls it the “Mayors Project.” The $4.8 million, three-year grant his foundation announced Thursday, July 14, it is giving the city of Memphis is part of $24 million the Bloomberg Philanthropies will give to five cities including Memphis.

97. Details Emerge About Bloomberg's $4.8M Memphis Grants - Thursday, July 14, 2011

New York City Mayor Michael Bloomberg calls it the “Mayors Project.”

The $4.8 million, three-year grant his foundation announced Thursday, July 14, it is giving the city of Memphis is part of $24 million the Bloomberg Philanthropies will give to five cities including Memphis.

98. Bloomberg Grants Memphis $4.8M - Thursday, July 14, 2011

The Bloomberg Philanthropies, the non-profit philanthropic organization of New York City Mayor Michael Bloomberg, is giving the city of Memphis $1.6 million every year for the next three years to come up with programs to reduce handgun violence and revitalize vacant property in the core city with new commercial activity and building.

99. Former French Village Apts. Sell for $2.8 Million - Tuesday, July 12, 2011

4055 Summer Ave.
Memphis, TN 38122
Sale Amount: $2.8 million

Sale Date: June 30, 2011

100. Germantown Collection Sells for $7.3M in Foreclosure - Monday, July 04, 2011

7810 Poplar Ave.
Germantown, TN 38138
Sale Amount: $7.3 million

Sale Date: June 23, 2011
Buyer: GA Poplar Avenue Germantown LLC (c/o Principal Real Estate Investors)
Seller: Jason A. Strain, substitute trustee
Original Borrower: CH Realty III/Germantown LLC
Original Lender: Principal Life Insurance Co.
Orig. Loan Amount: $8.7 million
Orig. Loan Date: Oct. 12, 2004