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Editorial Results (free)

1. Belle Harbour Apartments Owner Files $17.1 Million Loan -

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.

2. Multifamily Sector ‘Poised for Solid Growth’ -

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.

3. Pacific Logistics Picks Olive Branch for Hub -

Pacific Logistics Corp. has signed a lease for its first Memphis-area location, which will serve as a regional hub for the company’s growing shoe and retail business.

4. Unemployment Rate Falls in 39 States in June -

WASHINGTON (AP) – The unemployment rate fell in most states in June, mainly because more people gave up searching for work and were no longer counted.

Fewer states saw job increases, the latest evidence that the economic recovery is slowing.

5. Mud Island Apartments to Bolster Existing Condos -

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.

6. First Phase Construction Begins On Mud Island Condos -      Keith and David Grant have begun construction on phase one of a 200-unit condominium complex on Mud Island, which consists of the first 86 units.
     RiverTown on the Island has units rangi

7. It All Starts with Elvis -

A sign at the Days Inn at 3839 Elvis Presley Blvd. quotes John Lennon as saying, "Before Elvis, there was nothing" - a truth that could apply to rock 'n' roll or even Whitehaven's tourism industry. Though Elvis came and went, the tourists kept coming to the area, and now The King might be responsible for more.

8. Archived Article: Graphic ($1.5 Mil) - Through the roof Through the roof January and February are very prosperous months, as builders want to get the jump on good weather ahead. In the first two months of 1999, a dozen projects with construction values of $1.5 million or more got underwa...

9. Archived Article: Resort Bott - ResortQuest International Expands ResortQuest expands presence in Florida ResortQuest International Inc. announced it has agreed to acquire Florida-based Bluebill Cos. and certain of its subsidiaries. Bluebill is a vacation property management and b...