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Editorial Results (free)

1. Midtown Apartment Building Sells for $840,000 -

199 S. McLean Blvd.
Memphis, TN 38104
Sale Amount: $840,000

Sale Date: Feb. 21, 2014
Buyer: Zaki Holdings LLC
Seller: Colonial House LP
Loan Amount: $140,000
Loan Date: Feb. 21, 2014
Maturity Date: Sept. 1, 2015
Lender: Colonial House LP
Details: The 20-unit multifamily building at 199 S. McLean Blvd. in Midtown has sold for $840,000.

2. Two Hotels Sold in Lieu of Foreclosure -

The former Value Place extended stay hotels at 3913 Lamar Ave. and 1218 Winchester Road have sold for a combined $2.9 million via deeds in lieu of foreclosure.

3. Weichert Realtors’ Chapman Recognized for Service Achievement -

Amy Chapman, broker and owner of Weichert Realtors-Chapman & Associates, has been awarded Quality Service Certified Platinum status. It is considered the highest level of service achievement in the real estate industry.

4. Northwest Airlines Could Eventually Own Midwest Which is Being Acquired by TPG Capital -

MILWAUKEE (AP) - Northwest Airlines Corp. could end up owning rival Midwest Air Group Inc., which has agreed to a $450 million buyout offer from private equity firm TPG Capital.

Northwest is a passive investor in the deal and may eventually buy Midwest outright, TPG partner Richard P. Schifter said in a conference call Friday morning.