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Editorial Results (free)

1. Nike Files $4.3 Million Permit for Frayser Facility -

3100 New Frayser Blvd.
Memphis, TN 38128
Permit Cost: $4.3 million

Project Cost: $301 million
Permit Date: Applied September 2013
Completion: TBA
Owner: Nike Inc.
Tenant: Nike Inc.
Architect: N/A
Contractor: Wynright Corp.
Details: Nike Inc. has filed a $4.3 million building permit with the city-county Office of Construction Code Enforcement for work on its North Memphis distribution center at 3100 New Frayser Blvd.

2. Owner Files $16.9 Million Loan on River Trace Apartments -

The owner of the 440-unit River Trace Apartment Homes, at 2165 E. River Trace Drive near Bartlett, has filed a $16.9 million loan on the property.

3. $3 Million in Permits Filed For Hacks Cross Buildings -

3152 Hacks Cross Road and
3168 Hacks Cross Road

Permit Amounts: $1.4 million (3152 Hacks
Cross); $1.6 million (3168 Hacks Cross)

4. Global Ministries Foundation Buys Three Apt. Complexes -

Entities affiliated with Cordova faith-based nonprofit organization Global Ministries Fellowship have bought three Memphis apartment complexes this month.

GMF-Warren/Tulane LLC has bought the Warren Apartments complex (1340 Clementine Road) and Tulane Apartments complex (4717-4787 Tulane Road) for a combined $9.5 million from a trio of Rapid City, S.D.-based entities. Meanwhile, GMF-Madison Tower LLC bought Wesley Madison Towers (381-383 Madison Ave.) from Seattle-based Wesley Madison Towers Limited for $2.7 million.

5. CRE Market Sweats Tight Times -

From Downtown to the eastern suburbs, from the airport to Millington, the landscape is bleak for commercial real estate brokers.

Everywhere they look, they see signs that the local market has endured and continues to endure its share of black eyes. In the past 12 months, for example, two of the area’s four biggest sales occurred on the Shelby County Courthouse steps.

6. Commercial Sales Close 2009 on High Note -

Shelby County’s commercial real estate market saved its best for last in 2009, as the final month registered the highest sales total and largest dollar volume all year.

Not only that, but December marked the first year-over-year increase for a month during 2009 and the first year-over-year increase for a month since December 2007.

7. Multifamily Survives Q4, Year -

The fourth quarter of 2009 proved to be a decent period for the local multifamily industry during an otherwise lackluster year. Though some market trends remained relatively unchanged from third quarter, the apartment sector enjoyed a rush of investment sales as more investors pulled the trigger on deals.

8. Ministry Buys Apartment Complex With More Evangelizing in Mind -

Richard Hamlet formed Global Ministries Fellowship in 2003 to spread the gospel by addressing critical needs around the world.

The faith-based nonprofit organization, headquartered in Memphis, supports ministry programs that build churches, educate children, combat hunger and perform other humanitarian deeds on five continents.

9. Bass Berry Starts Capitalizing on REITs -

The U.S. Congress created real estate investment trusts, or REITs, in the 1960s as a way to encourage real estate investment.

More than 40 years later, REITs are still a strong investment opportunity for people looking to diversify their portfolios, said Dr. Pankaj Jain, an assistant professor in the Fogelman College of Business and Economics' Department of Finance, Insurance and Real Estate at the University of Memphis.