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Editorial Results (free)

1. Commercial Developers See Bright Future With Collierville's Growth -

The town of Collierville has been enjoying strong development activity in all sectors over the past several years, fueled by the area’s strong schools, low crime rate, plentiful amenities and an abundance of developable land.

2. Relaxation Awaits in Puerto Vallarta -

I napped. I never nap. But off and on for a few hours a nap seemed like a perfectly reasonable activity as I laid in the shade of our poolside Bali bed cabana at Villa Premiere Boutique Hotel & Romantic Getaway in Puerto Vallarta, Mexico.

3. Fogelman Management Group Adds 1,800 Units -

Memphis-based Fogelman Management Group has won approval for the management of seven new properties across the Southeast totaling more than 1,800 units.

The company announced Monday, May 25, that it was awarded management duties at the properties in Georgia, Alabama, Florida, North Carolina and Missouri.

4. Fogelman Management Group Adds 1,800 Units to Portfolio -

Memphis-based Fogelman Management Group has won approval for the management of seven new properties across the Southeast totaling more than 1,800 units.

The company announced Monday, March 25, that it was awarded management duties at the properties in Georgia, Alabama, Florida, North Carolina and Missouri.

5. New Breed of Lodging -

Somewhere between short-term rentals and traditional hotels, you can find a new breed of visitor lodging in Nashville.

These privately-owned condos with sophisticated urban décor and unique spaces for every guest are a dream come true for any traveler who wants to experience a city on a more intimate level.

6. Bright Spot -

The Memphis multifamily market turned in a strong performance during 2013, with enhanced investor interest and new units under construction.

Blake Pera, senior vice president of CB Richard Ellis Memphis’ multifamily division, classified the multifamily market in 2013 as healthy and continuing to improve.

7. Apartment, Retail Markets Holding Steady -

The Memphis area multifamily and retail markets continue to chug along, with the newer, more upscale products in each sector propping up both overall markets.

Those trends and others in commercial real estate will be the subject of discussion Thursday, Nov. 7, during the 2013 Commercial Real Estate Review & Forecast, one of six seminars in The Daily News’ 2013 Seminar Series.

8. California Investor Buys Airways Villas Complex -

An affiliate of Foothill Ranch, Calif.-based West Egg Enterprises has paid $1.8 million for the 182-unit Airways Villas Apartments at 2305 Pendleton St. in the Defense Depot area.

9. Villas at Cordova Apartments Owner Files $17.9 Million Loan -

The owner of the 256-unit Villas at Cordova apartment complex at 8341 Macon Road has filed a $17.9 million loan on the property.

10. Panther Properties Buys Two Cordova Apartments -

2350 N. Houston Levee Road and 2323 N. Houston Levee Road

11. Panther Properties Buys Two Cordova Apartments -

Woburn, Mass.-based Panther Properties Investment LLC has bought a pair of Cordova apartment complexes – the Villas at Grays Creek and the Carrington at Houston Levee – for a combined $44.8 million.

12. Tennessee State Parks Offers Special Winter Rates -

Tennessee State Parks is offering special winter rates for 360 villas and cabins.

The discount, which also includes six state park inns, lasts through March 15, 2013.

The special rate allows park visitors to stay at one of Tennessee’s six state park inns for $54.95 a night, excluding tax.

13. Former Mall Acreage to be Industrial Development -

Acreage on Former
Mall of Memphis Site

Sale Amount: $2.7 million

Sale Date: April 18, 2012

Buyer: Memphis Industrial Properties LLC

14. Waterford Place Apts. Sells for $21.5 Million -

The 320-unit Waterford Place Apartments in Southeast Shelby County has sold for $21.5 million, $3 million more than an entity affiliated with special service lender LNR Partners LLC paid for it at a May foreclosure sale.

15. Villas at Cordova Sells for $19.3M -

Los Angeles-based investment fund QVT Mount Auburn Capital LP, working under the name Memphis Villas LLC, has bought The Villas at Cordova apartments for $19.3 million – $5 million more than the complex sold for in foreclosure last year.

16. Pleasant View Apts. Sells in Foreclosure -

Memphis-based WI Memphis LLC has bought the 259-unit Pleasant View apartment complex in Frayser for $1.7 million at a trustee’s foreclosure sale. The seller was Mark Turner, trustee, on behalf of The Maclellan Foundation Inc.

17. Lofty Heights -

The Mid-South apartment market is riding high after a strong 2011.

Last year saw increasing occupancies and rents, as well as a shift from investors and lenders back to more stable properties, all of which followed a 2010 that was dominated by activity involving distressed product.

18. ‘Get In and Out’ -

In a local commercial real estate market where prices have plunged as much as 40 percent from 2007 peaks, special service companies are taking advantage of opportunities for buying distressed debt.

19. LNR Buys Warehouse at 3615 Lamar -

FUCMS 2001-C2 Lamar Industrial LLC, an entity affiliated with Miami-based loan servicer LNR Partners LLC, has bought a warehouse at 3615 Lamar Ave. at a foreclosure auction for $1.6 million after borrower 3615 Lamar Partners LLC defaulted on a $3.7 million loan backed by the property. The limited liability company took out that loan through First Union National Bank in February 2001.

20. LNR Buys Germantown Apartments for $17.1M -

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

21. LNR Partners Buys Germantown Apts. -

DMARC 2006-CD2 Wyndhurst Place LLC, an entity affiliated with Miami-based LNR Partners LLC, has bought Oakwood temporary housing apartment complex at 7455 Wolf River Blvd. in Germantown at a foreclosure sale for $17.1 million.

22. Cross Creek Shopping Ctr. Sells for $12.7 Million -

3469 Riverdale Road, 3505 Riverdale Road and 3587 Riverdale Road
Memphis, TN 38115
Sale Amount: $12.7 million

23. Cross Creek Shopping Center Sells for $12.7 Million -

Commack, N.Y.-based Allied Development of Memphis LLC has bought Cross Creek Shopping Center for $12.7 million.

24. Waterford Place Apartments Sells in Foreclosure for $18.2M -

Waterford Place Apartments at 8037 Waterford Circle in Southeast Shelby County’s 38125 ZIP code has sold for $18.2 million in a substitute trustee’s sale following a foreclosure. The complex sold May 11 but wasn’t recorded by the Shelby County Register of Deeds until this week.

25. Villas at Cordova Complex Sells for $14.2M in Foreclosure -

8546 Prestine Loop
Cordova, TN 38018
Sale Amount: $14.2 million

Sale Date: May 11, 2011

26. Villas at Cordova Sells for $14.2M -

The Villas at Cordova apartment complex at 8546 Prestine Loop in Cordova has sold in a substitute trustee’s deed following a foreclosure for $14.2 million.

27. For Real Estate, a Giant Spring Clearance Sale -

In suburban Chicago, it's paradise to be a homebuyer.

At the Millbrook Pointe development in quaint and pristine Wheeling, a $269,000, brick-and-stone townhouse comes with $25,000 in free upgrades, including wood-burning fireplaces, all-stainless steel kitchens and marbled bathrooms tricked out with double-bowl vanities and whirlpool soaker tubs.

28. MSO Concert Explores Italy -

TThe Memphis Symphony Orchestra continues its “Season of Discovery” by starting a cold new year with a foray into the land of terraced vineyards and sunlit villas.

“Italian Inspirations,” the latest installment of the First Tennessee Saturday Masterworks Series, promises a musical tour of the landscapes, waterways and villages that inspired master composers from Italy and beyond.

29. Preserve at Southwind Sells for $19.9 Million -

The Preserve at Southwind was sold back to the lender Tuesday afternoon on the Shelby County Courthouse steps for $19.9 million.

After two planned foreclosure sales of the 306-unit apartment complex had been adjourned, Wells Fargo Bank NA – operating in the transaction as 7991 Capilano Drive Holdings LLC – reclaimed the property with no other bidders showing up for the auction.

30. Preserve Auction Adjourned to May 28 -

Friday’s scheduled auction of the Preserve at Southwind Apartments near Hacks Cross and Tenn. 385 in Southeast Shelby County has been adjourned to May 28 at noon.

The 306-unit complex will be auctioned to the highest bidder on the Shelby County Courthouse steps in a substitute trustee’s sale due to a foreclosure.

31. Chattanooga Investors Buy Third Memphis Property -

An out-of-town investment company has bought its third Memphis apartment complex in less than a year, bringing its total to 590 units.

Chattanooga-based UIGTN II LLC, a trio of partners whose name derives from the title of its management arm, Urban Investments Group LLC, paid close to $1 million on April 15 for the 172-unit Woodbriar Apartments at 4505 Wooddale Ave. in Oakhaven.

32. Tricky Market -

Because loan defaults are a common occurrence in this difficult financial climate, last week’s news that the 306-unit Preserve at Southwind Apartments had been foreclosed could easily be chalked up to a case of “another one bites the dust.”

33. Southwind Apartment Complex Foreclosed -

The 306-unit Preserve at Southwind Apartments near Hacks Cross Road and Tenn. 385 in Southeast Shelby County has been foreclosed and will be sold on the Shelby County Courthouse steps, according to a notice on Page 37 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

34. Financing in Place For Towne Center at Soulsville -

915 E. McLemore Ave.
Memphis, TN 38106
Loan Amounts: $5.8 million; $1.5 million; $1.5 million

Loan Dates: May 5, 2008

Maturity Dates: N/A

Borrower: New Towne Center Inc.

35. Brinkley Heights Ministries To Expand Academy -

3277 Macon Road
Memphis, TN 38122
Permit Cost: $2.4 million

Project Cost: $2.4 million

Permit Date: Applied March 2008

36. LeMoyne-Owen CDC To Build Center, Subdivision -      LeMoyne-Owen College Community Development Corp. (LOC-CDC) has applied for a $501,000 building permit for a lifestyle center and subdivision at 915 E. McLemore Ave.
     The lifestyle center

37. Luxury Apartments Under Way in Cordova -

A new multifamily product in Cordova is under way on the west side of Houston Levee Road near Pisgah Road. Stockbridge, Ga.-based Davis Development Inc. has filed a $16.2 million construction loan for Carrington Park, a 226-unit luxury apartment complex, according to The Daily News Online, www.memphisdailynews.com.

38. Group Banks on Oakland With Condo Development -

Four businessmen have pooled their talents and resources into a $38 million condominium development in Oakland, one of the fastest-growing communities in the Mid-South.

SWAN Development Group LLC - whose name comes from the initials of principals Steve Ehrhart, Bill McWaters (borrowing the "W" from McWaters), Arnie Birmingham and Nick Jebbia - has launched Phase I of the Villas at Fair Oaks (www.thevillasatfairoaks.com).

39. Gintz Group Buys Third Midtown Multifamily Property -

1422 Lamar Ave.
Memphis, TN 38104
Sale Amount: $2.1 million

Sale Date: June 29, 2007

Buyer: 1422 Lamar Ave. LLC

40. MHA Cranks Up Redevelopment Efforts Citywide -

The Chicago neighborhood of Marty Boscaccy's youth was a vibrant place, where commercial and residential developments were interwoven.

"You'd go to a busy street and you'd have Rocky's drugstore on the corner, but there would be flats above it where people lived," he said. "They call that 'New Urbanism,' but it's actually the way cities all over the country were developed."

41. Ford Senior Villas Replaces Ford Road Housing Development -

Construction loans for
Ford Senior Villas
Loan Amounts: $1.5 million; $4.5 million

Loan Date: March 15, 2007

42. Villas Development Expected to Inject Vitality Into South Memphis -

Memphis' 6th District is undeniably Ford territory.

Along four-lane New Horn Lake Road between West Mitchell and Brooks roads, nearly every other house boasts a Harold Ford Jr. for U.S. Senate sign in the front yard, as cars with Ford stickers placed prominently on their rear windows zoom past.

43. More Apartment Communities Go to Outsiders -

If you're an investor looking to spend some cash in the multifamily market, chances are the grass looks greener on the other side of the fence - maybe several states away.

That's been proven recently in Memphis, where several apartment properties have been snapped up quietly by out-of-town investment companies.

44. Archived Article: Lead - New Jersey Company Invests in Memphis Multifamily

Empire Group Grows Memphis Portfolio

New Jersey company buys two more multifamily properties


The Daily News

Just months after investing more than $45 million in two Memphis...

45. Archived Article: Daily Digest - Regions marks

Regions marks

record earnings

Regions Financial Corp. announced record earnings for the quarter ended March 31. Net income totaled $158.6 million, or 71 cents per diluted share, for first quarter 2003, an 8 percent increase pe...

46. Archived Article: Real Review - NAR study takes aim

NAR study takes aim

at changing industry

Consolidation, business styles of brokers and agents, rising technology costs and regulatory impact are the most likely changes that will drive the real estate industry in the nex...

47. Archived Article: Daily Digest - Court allows Bellevue Inn

Court allows Bellevue Inn

to reopen under strict rules

General Sessions Criminal Court Judge Larry Potter signed a consent order Monday in which Pravien Patel, owner of the Bellevue Inn, 1250 S. Bellevue Blvd., adm...

48. Archived Article: Real Review - ResortQuest adds two resorts

ResortQuest adds two resorts

to growing Tennessee portfolio

ResortQuest International, which manages vacation condos, homes and villas, was chosen as property manager for two new luxury resorts in the Gatlinburg...

49. Archived Article: Daily Digest - AutoZone updates

AutoZone updates

second quarter forecast

AutoZone Inc. announced that for the second fiscal quarter through Feb. 8, total same store sales are 3 percent and retail same store sales are flat versus a year ago.

AutoZone wi...

50. Archived Article: Davis Apts (lead) - By STACEY WIEDOWER

Apartments expand Georgia firms Memphis presence


The Daily News

Framing has begun on a $19.5 million, 256-unit multi-family residential complex at Macon and Cully roads in Cordova. The upscale apartm...

51. Archived Article: Real Review - ResortQuest signs alliance with AAA

ResortQuest signs alliance with AAA

ResortQuest International Inc., one of the world's leading managers of vacation rental properties, reached an agreement with AAA Auto Club South that will give club member...

52. Archived Article: Real Focus - The Lakes at Bonne Terre ready for development

Scenic Bonne Terre readies for new development


The Daily News

A new development in Nesbit, Miss., is poised to offer homeowners the same type of French country and Southern clas...

53. Archived Article: Real Focus - Olive Branch

Olive Branch, Miss., home-building on solid footing


The Daily News

Theyve widened most of the main thoroughfares to six lanes and hung traffic lights every mile or so. Traffic starts backing up in both directi...

54. Archived Article: Real Review - Florida property chooses Florida property chooses ResortQuest for management ResortQuest International, the worlds largest vacation rental property management company, was selected for another major property management assignment along Floridas Emer...

55. Archived Article: Resortquest P2 - ResortQuest signs deal for Florida condos ResortQuest signs deal for Florida condos ResortQuest International, the world's largest vacation rental property management company, was selected for another major property management assignment along Flori...

56. Archived Article: Resortquest P - ResortQuest expands presence in Hawaii ResortQuest expands presence in Hawaii ResortQuest International has expanded its presence in Hawaii with the addition of two new management contracts for its subsidiary, Aston Hotels & Resorts Hawaii. Asto...

57. Archived Article: Focus (tour) - By JENNIFER MURLEY Home tour puts Evergreen District on display By JENNIFER MURLEY The Daily News A unique blend of five old and new homes with distinctly European characters will be featured on the 2001 Evergreen Historic District Home Tour. The to...

58. Archived Article: Real Focus (16 Days) - By LAURIE JOHNSON Builder launches project with 16-day house By LAURIE JOHNSON The Daily News When a builder starts construction in a new subdivision, it is important to get that first model home up quickly to attract potential buyers. When Southave...

59. Archived Article: Back-resortquest - ResortQuest International Acquires ResortQuest acquires Hilton Head company ResortQuest International Inc. announced it has acquired Shoreline Rentals Inc. in Hilton Head, S.C. Shoreline Rentals is ResortQuests 16th acquisition since its May 1998 in...

60. Archived Article: Real Fcs (waverly) Lj - By LAURIE JOHNSON A view of the green Pickering Inc. teams up with Old Waverly Golf Course in West Point, Miss., to develop $3 million residential project By LAURIE JOHNSON The Daily News When cameras pan the crowd at the 1999 U.S. Womens Open golf ...

61. Archived Article: Back 2 - Perkins Family Restaurants kicks off Perkins Family Restaurants kicks off `Round-Up For Kids' campaign When employees of Memphis-based Perkins Family Restaurants across America and Canada pledged to build a giant cupcake addition to an enormous ging...

62. Archived Article: Back-promus - Promus, Vistana to develop Promus, Vistana to develop vacation resort in Scottsdale Vistana Inc., a developer and operator of vacation ownership resorts, and Promus Hotel Corp. announced plans Tuesday to develop and franchise a 150-unit Embassy Vaca...