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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. Chase Merritt Files LoanTo Build Lamar Value Place -      The California-based real estate investment firm building two Value Place extended-stay hotels near Memphis International Airport has filed a construction loan and started site work on its Lamar Avenue facility.
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4. California-Based Investor Brings Two Hotels to Airport Area -

Yet another out-of-town real estate investor is pumping money into the local economy, further proof that Memphis remains attractive to outside interests.

This time it's Newport Beach, Calif.-based Chase Merritt LP, which is launching a pair of nationally branded hotels called Value Place on both sides of Memphis International Airport, according to The Daily News Online, www.memphisdailynews.com.