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Editorial Results (free)

1. Hotels Woo Guests to Book Directly Online With Discounts -

NEW YORK (AP) – Hotels are getting more aggressive in their fight to get travelers to book reservations directly with them instead of through online travel agencies such as Expedia and Priceline.

2. NCAA Tournament Deal With CBS, Turner Extended Through 2032 -

NEW YORK (AP) – With eight years left on their deal to broadcast the NCAA Tournament, CBS and Turner are tacking on another eight.

The extension announced Tuesday goes all the way through 2032. The length of the contract is not unusual for college sports these days, though with the NCAA facing legal challenges on multiple fronts, a lot can change in 16 years.

3. Pop-Up Retail Concept Housed in Shipping Containers -

A local entrepreneur is looking to bring an innovative marketplace made out of shipping containers to Memphis.

“It’s like a real shopping mall but for pop-up shops,” said Brian Christion, who recently returned to Memphis after a real estate career in New York City.

4. The Week Ahead: April 4-10 -

Let’s get this week started, Memphis! Here’s our roundup of local happenings you need to know about in the coming days, from an observance of the anniversary of Dr. Martin Luther King Jr.’s assassination to your first chance to visit Mud Island River Park this season.

5. Percussion to Pluto: A UT Student’s Unusual Journey -

Chad Melton has always loved astronomy, but he never really mastered mathematics in high school. Since math is essential to astronomy, majoring in it in his first round of college wasn’t really an option. He ended up following his other love – music – and spent time on the road playing drums with various musicians.

6. Percussion to Pluto: A UT Student’s Unusual Journey -

Chad Melton has always loved astronomy, but he never really mastered mathematics in high school. Since math is essential to astronomy, majoring in it in his first round of college wasn’t really an option. He ended up following his other love – music – and spent time on the road playing drums with various musicians.

7. Nordstrom Will Lure More Class A Retailers to Memphis -

Nordstrom Rack is just the tip of the Class A iceberg. At least three more best-in-class retailers are headed for the newly-built East Memphis shopping center, and the fate of the Wolfchase Galleria Sears is to be decided.

8. Best-in-Class Retailers to Join Nordstrom Rack in East Memphis -

Nordstrom Rack is just the tip of the Class A iceberg. At least three more best-in-class retailers are headed for the newly built East Memphis shopping center, and the fate of the Wolfchase Galleria Sears is to be decided.

9. UPS Invests in Same-Day Delivery Company Deliv -

NEW YORK (AP) – UPS, looking for ways to get goods to shoppers faster, is investing in same-day delivery company Deliv.

Deliv, founded nearly four years ago, works with Macy's Inc., Kohl's Corp. and other retailers to deliver online orders within the same day. Shoppers select same-day delivery when they're about to buy something from the retailer's website and Deliv's workers get it delivered. Retailers pay Deliv for its service and the stores usually charge customers. At Kohl's, for example, shoppers pay $9.95 for same-day deliveries on orders above $75 and $14.95 for orders below $75.

10. Medical Center Apartments Sell for $9.7 Million -

810 Washington Ave.
Memphis, TN 38105

Sale Amount: $9.7 million

Sale Date: Jan. 29, 2016

11. Midtown Neighborhood Starts 2016 Off With a Bang -

Touted as Midtown’s first working-class neighborhood, established in 1890, the Mount Arlington subdivision in the Cooper-Young district contains 856 properties with an average year built of 1927.

12. CCRFC Approves $1.7M For Convention Center Work -

The Center City Revenue Finance Corp. approved up to $1.7 million in revenue bonds Tuesday, Jan. 12, for Memphis Cook Convention Center improvements.

13. CCRFC Approves $1.7M For Convention Center Work -

The Center City Revenue Finance Corp. approved up to $1.7 million in revenue bonds Tuesday, Jan. 12, for Memphis Cook Convention Center improvements.

14. Graffiti Green Light -

Brandon Marshall is a full-time artist, making a living painting commissioned murals for clients. He’s also well-versed in the graffiti world of Memphis, a small but determined group of artists who tag properties around the city.

15. Google Helps Analyze If Rooftop Solar Panels Are Good Deal -

RALEIGH, N.C. (AP) – The company that lets you compare air fares and translate foreign languages online wants to make it easier to weigh the costs and benefits of installing solar panels on household rooftops.

16. Chinese Medicinal Herbs Provide Niche Market for US Farmers -

DELMAR, N.Y. (AP) – Expanding interest in traditional Chinese medicine in the United States is fostering a potentially lucrative new niche market for farmers who plant the varieties of herbs, flowers and trees sought by practitioners.

17. Whitehaven View Apartments Sell for $2.7 Million -

1594 E. Holmes Road
Memphis, TN 38116

Sale Amount: $2.7 million

Sale Date: Dec. 14, 2015

18. Plans Forming for Memphis’ First Food Hall -

A norm on the East and West coasts – and an even older tradition in Europe and other international cities – indoor food markets are making their way to the Southeast in cities like Nashville, Atlanta, Little Rock and St. Louis.

19. Marriott Becomes World's Largest Hotelier, Buying Starwood -

NEW YORK (AP) — Hotel behemoth Marriott International is becoming even larger, taking over rival chain Starwood in a $12.2 billion deal that will catapult it to become the world's largest hotelier by a wide margin.

20. Tennessee’s Landlords Find Hidden Costs of Privatization -

Murfreesboro businessman Tom Hyde felt the sting of Tennessee’s privatization practices two years ago when a representative of Jones Lang Lasalle notified him he would have to pay the company a commission as part of his next lease agreement.

21. Match Group Plans to Raise Up to $466.2M From IPO -

NEW YORK (AP) — The owner of Tinder, Match.com and OkCupid hopes to raise as much as $466.2 million in an initial public offering, which would put the value of the dating site company in the neighborhood of $3 billion.

22. Summit Distribution Center Sells for $21.6 Million -

5155 U.S. 78
Memphis, TN 38118

Sale Amount: $21.6 million

Sale Date: Oct. 21, 2015

Buyer: Summit I Distribution Center LLC

23. Summit Distribution Center Sells for $21.6 Million -

Hillwood Investment Properties, acting as Summit I Distribution Center LLC, bought a 706,802-square-foot warehouse off of Lamar Avenue for $21.6 million.

24. Mix It Up -

Memphis’ development eye is turning inward and upward as mixed-use projects are becoming more common than ever before.

Usually a mode of survival for densely packed cities, residential, office, retail and even manufacturing are cohabitating in single mixed-use buildings or lots as a way to recoup Memphis’ sprawl. Downtown and Midtown are being combed for infill and adaptive reuse possibilities as millennials are moving to the urban core in droves.

25. Summit Distribution Center Sells for $21.6 Million -

Hillwood Investment Properties, acting as Summit I Distribution Center LLC, bought a 706,802-square-foot warehouse off of Lamar Avenue for $21.6 million.

26. Developer Long on Downtown Memphis, Short on Specifics -

Three Downtown properties are now owned by an Atlanta-based affiliate of an Australian real estate investment and development company, which is giving little in the way of clues about its Memphis plans.

27. Airbnb Provides Options to Memphis Homeowners, Guests -

It all began for Marilyn White over phone conversations with a close friend back home in Buffalo, N.Y.

28. Highland Row Developer Seeks Permit for Parking Garage -

Highland Row
Parking Garage
Permit Amount: $5 million

Application Date: September 2015
Completion: Late summer 2016
Owner: Poag Shopping Centers LLC
Architect: Looney Ricks Kiss
Contractor: Milhaus Development LLC
Details: Indianapolis-based developer Milhaus Development LLC and Memphis-based Poag Shopping Centers LLC have pulled a $5 million building permit as they continue developing the new Highland Row urban infill development.

29. $83.6 Million Rental-Home Deeds Filed With County Register -

Deeds related to New York-based Cerberus Capital Management’s purchase of more than 1,000 rental homes in Shelby County have been filed with the county Register’s Office.

Cerberus affiliate CSMA BLT LLC purchased 1,024 rental homes from BLTREJV3 Memphis LLC, an affiliate of BLT Homes, for a combined $83.6 million, according to five Aug. 31 special warranty deeds.

30. $83.6 Million Rental-Home Deeds Filed With County Register -

Deeds related to New York-based Cerberus Capital Management’s purchase of more than 1,000 rental homes in Shelby County have been filed with the county Register’s Office.

Cerberus affiliate CSMA BLT LLC purchased 1,024 rental homes from BLTREJV3 Memphis LLC, an affiliate of BLT Homes, for a combined $83.6 million, according to five Aug. 31 special warranty deeds.

31. Single-Family Home Rentals Strong in Memphis -

When New York-based Cerberus Capital Management closed Aug. 31 on its $440 million acquisition of 4,200 rental homes in five states – including 1,032 in Shelby County – it demonstrated a trend in local real estate.

32. Comcast Teeing Up New Services Targeted at Millennials -

NEW YORK (AP) — Comcast, which became a TV powerhouse by signing up Generation Xers, baby boomers and their parents, now is fighting for millennial eyeballs.

The TV giant is investing in online media outlets like BuzzFeed and Vox that attract young viewers. It's setting up a streaming TV service for millennials who don't watch a boob tube. And it's developing a YouTube-like video app and website.

33. Eating Well -

Hannah and Amy Pickle’s Raw Girls food business is booming, with multiple projects in the works and a surge in demand for their Midtown food truck. But aside from a business boost, the healthy food-loving pair also happily finds themselves now confronted with a groundswell of community support.

34. Hotel Developer Moves On Scimitar Building Conversion -

179 Madison Ave.
Memphis, TN 38103

Permit Cost: $5.2 million

Permit Date: Applied August 2015

35. New York Life Sells Warehouses for $13M -

New York Life Insurance Co. has sold two distribution centers in Southpark Distribution Center for a combined $13 million.

36. New York Life Sells Warehouses for $13M -

New York Life Insurance Co. has sold two distribution centers in Southpark Distribution Center for a combined $13 million.

37. Target Is Getting its Groove Back: Turnaround Takes Hold -

NEW YORK (AP) — Target is on its way back.

Shoppers are visiting the company's stores more often and spending more on each trip, the Minneapolis-based discount-store chain said Wednesday. The company raised its annual profit outlook and said its second-quarter net income more than tripled.

38. Leco Realty Credits Success To Hands-On Approach -

Over the past 33 years, Bert Less has weathered many financial storms with his property management company Leco Realty Inc.

39. $9.5 Million Permit Filed For Downtown Hotel -

310 Union Ave.
Memphis, TN 38103

Permit Cost: $9.5 million

Permit Date: Applied August 2015

40. The Shops of Collierville Sells for $7.4 Million -

Mount Pleasant, S.C.-based Ziff Properties Inc. has acquired The Shops of Collierville for $7.4 million, according to a special warranty deed filed Aug. 3.

41. The Shops of Collierville Sells for $7.4 Million -

Mount Pleasant, S.C.-based Ziff Properties Inc. has acquired The Shops of Collierville for $7.4 million, according to a special warranty deed filed Aug. 3.

42. Carriage Ride -

Carriage Crossing is experiencing strong leasing activity and rising sales numbers as it prepares for multinational clothing retailer H&M to open its first Memphis-area location this month.

In recent months, the Collierville lifestyle center landed the H&M store, which the Swedish retailer says it plans to open Aug. 13, an Off Broadway Shoe Warehouse and a Hickory Tavern restaurant.

43. Can US Housing Industry's Comeback Endure? The Outlook Dims -

WASHINGTON (AP) — The U.S. housing market has sizzled this summer, lifting expectations that home sales will finally help drive an economic expansion now in its seventh year.

Or will it?

44. Ikea Buys Cordova Acreage For Planned Memphis Store -

41 Acres for
Future Ikea Store

Sale Amount: $5.7 million

Sale Date: July 10, 2015

Buyer: IKEA Property Inc.

45. REIT Buys Sears Properties in Sale-Leaseback -

In part of a major transaction to increase cash flow and make their retail spaces more productive, Sears Holdings Corp. sold four Memphis properties to its newly formed public real estate investment trust, Seritage Growth Properties, for a combined $17.6 million.

46. REIT Buys Sears Properties in Sale-Leaseback Transaction -

In part of a major transaction to increase cash flow and make its retail spaces more productive, Sears Holdings Corp. sold four Memphis properties to its newly formed public real estate investment trust, Seritage Growth Properties, for a combined $17.6 million.

47. Will Latest Inflammatory Comments Tarnish Trump's Brand? -

NEW YORK (AP) – Is Donald Trump's business empire as Teflon-coated as his hair appears to be?

Trump has found himself on the receiving end of the catchphrase he made famous on his reality show "The Apprentice" – "You're fired!" – after NBC dumped the real estate mogul Monday over comments he made about immigrants during his recent presidential campaign kickoff speech.

48. Graceland Hotel Developers File $84 Million Construction Loan -

3600 Elvis Presley Blvd.
Memphis, TN 38116
Loan Amount: $84 million

49. Belz’s Industrial Portfolio Sells to MDH for $82 Million -

The recent sale of Belz Enterprise’s industrial portfolio to MDH Partners LLC of Atlanta totals more than $82 million, according to four special warranty deeds filed on June 19.

50. Belz’s Industrial Portfolio Sells to MDH for $82 Million -

The recent sale of Belz Enterprise’s industrial portfolio to MDH Partners LLC of Atlanta totals more than $82 million, according to four special warranty deeds filed on June 19.

51. Seeds of Nutrition in South Memphis -

Second in a series of profiles on the Community Foundation of Greater Memphis’ GiVE 365 grantees.

The community garden/urban farming concept literally took root years ago. Knowledge Quest founder and director Marlon Foster remembers well the 25-by-25-foot plot at the Fowler Homes housing project back in 1999. It was a humble beginning planted with a few seeds and a lot of faith and hope.

52. Panel Alters Wharton’s Plan for Memphis Fairgrounds -

The Mid-South Coliseum becomes a pavilion with a grove next to a multi-purpose sports center. A 10-acre water park fronts on Central Avenue where a high school gym now stands.

A second north-south Tiger Lane intersects with the current east-west version.

53. Panel Alters Wharton’s Plan for Memphis Fairgrounds -

The Mid-South Coliseum becomes a pavilion with a grove next to a multi-purpose sports center. A 10-acre water park fronts on Central Avenue where a high school gym now stands.

A second north-south Tiger Lane intersects with the current east-west version.

54. Memphis' Tallest Building Faces June 24 Utility Cutoff -

The owner of the skyscraper at 100 N. Main St., the city’s tallest office building, has two weeks to pay the delinquent balance on the Memphis Light, Gas and Water Division bill before utilities will be disconnected, a move that would catch a popular Downtown restaurant in the crossfire, according to a an executive at the publicly owned utility.

55. ULI Fairgrounds Panel Has Busy Schedule -

A team of eight out-of-town planning experts has a busy week ahead as it wades into the simmering local debate about plans to recast the Mid-South Fairgrounds.

And the first hard copy of something the Urban Land Institute-assembled group is likely to get are the comments from four town hall meetings held in different parts of Memphis over two evenings last week.

56. Square Roots -

Lucy Woodson and George Saig went to lunch recently in Overton Square.

They chose Babalu, the site where the entertainment district began in 1970 with the opening of the former TGI Friday’s, just months after Memphis voters approved “liquor by the drink.”

57. 1 in 4 US Renters Must Use Half Their Pay for Housing Costs -

WASHINGTON (AP) – More than one in four U.S. renters have to use at least half their family income to pay for housing and utilities.

That's the finding of an analysis of Census data by Enterprise Community Partners, a nonprofit that helps finance affordable housing. The number of such households has jumped 26 percent to 11.25 million since 2007.

58. Condo Dwellers Loving Restaurant Choices -

It’s Saturday afternoon, and the Bakersfield taco bar, located at the bottom of the Encore condominium building downtown, has drawn a lively crowd.

With the country music cranked and servers delivering platters of four-inch tacos displayed on trays like pizzas, guests of all types look to be on vacation.

59. Bristol on Union, Crowne Plaza Poised For Sales -

Two key pieces of commercial real estate – one Downtown and one in the Memphis Medical District – are poised to trade hands.

A joint venture between New York-based DRA Advisors LLC and Memphis-based Fogelman Properties LLC have entered into an agreement to acquire the 220-unit Bristol on Union apartment community at Union Avenue and Interstate 240 from Sentinel Real Estate Corp, which has owned and operated the property since 2006.

60. Bristol on Union, Crowne Plaza Memphis Poised for Sales -

Two key pieces of commercial real estate – one Downtown and one in the Memphis Medical District – are poised to trade hands.

A joint venture between New York-based DRA Advisors LLC and Memphis-based Fogelman Properties LLC have entered into an agreement to acquire the 220-unit Bristol on Union apartment community at Union Avenue and Interstate 240 from Sentinel Real Estate Corp, which has owned and operated the property since 2006.

61. REIT Acquires Three Hotels for $39.6 Million -

7905 Giacosa Place, 5320 Poplar Ave. and 7855 Wolf River Boulevard
Memphis, TN
Sale Amount: $39.6 million

62. What's in a Hotel Name? Guests Try to Decipher the Mystery -

NEW YORK (AP) – Today's traveler faces a bewildering choice of hotel brands with similar-sounding and confusing names. Want to stay at a Hyatt? Take your pick. There's Hyatt Regency, Park Hyatt, Grand Hyatt, Hyatt House, Hyatt Place and, coming soon, Hyatt Centric.

63. REIT Acquires Three Hotels for $39.6 Million -

A New York-based real estate investment trust has acquired three hotels in the Memphis area for $39.6 million.

ARC Hospitality Portfolio I Owner LLC, an affiliate of American Realty Capital Hospitality Trust Inc., acquired the three properties from W2007 Equity Inns Realty LLC.

64. REIT Acquires Three Hotels For $39.6 Million -

A New York-based real estate investment trust has acquired three hotels in the Memphis area for $39.6 million.

ARC Hospitality Portfolio I Owner LLC, an affiliate of American Realty Capital Hospitality Trust Inc., acquired the three properties from W2007 Equity Inns Realty LLC.

65. Woods at Ridgeway Apartments Sell for $18.5 Million -

6277 Lake Arbor Drive and 6206 Knight Arnold Road
Memphis, TN 38115
Sale Amount: $18.5 million

66. Finard Properties Sells Germantown Retail Center -

A New York investor has purchased the Germantown Plaza Shopping Center for $14.35 million.

An entity operating as FarmEx Rail LLC acquired the 137,554-square-foot shopping center at 1991 Exeter Road, near the southwest corner of Exeter and Farmington Boulevard, from Finard Germantown LLC, according to a March 19 warranty deed. The buyer, FarmEx Rail LLC, filed a $10.7 million loan in association with the purchase with CitiGroup Global Markets Realty Corp, according to a March 21 deed of trust.

67. Finard Properties Sells Germantown Retail Center -

A New York investor has purchased the Germantown Plaza Shopping Center for $14.35 million.

An entity operating as FarmEx Rail LLC acquired the 137,554-square-foot shopping center at 1991 Exeter Road, near the southwest corner of Exeter and Farmington Boulevard, from Finard Germantown LLC, according to a March 19 warranty deed. The buyer, FarmEx Rail LLC, filed a $10.7 million loan in association with the purchase with CitiGroup Global Markets Realty Corp, according to a March 21 deed of trust.

68. Simon Property Raises Bid for Macerich to $16.8 Billion -

NEW YORK (AP) – Mall operator Simon Property boosted its hostile bid for rival Macerich by 5 percent to $16.8 billion and said it will be its best and final offer.

The proposed deal would combine two of the largest U.S. shopping mall operators.

69. Memphis Officials Target High-Cost Markets for Office Jobs -

On a recent trip to New York City to meet with site selection consultants, national headhunters and corporate executives, Greater Memphis Chamber officials and prominent Memphis business operators wined and dined the assembled crowd and touted the benefits of locating office operations in the Memphis area, a city and region in dire need of white-collar jobs.

70. Simon Property Group Launches $16 Billion Hostile Bid for Macerich -

INDIANAPOLIS (AP) – Simon Property Group has launched a $16 billion hostile bid for Macerich Co. after saying its rival refused to discuss a combination of two of the largest U.S. mall operators.

71. Elvis' Planes Could Take Flight in New Museum -

Two jets once belonging to Elvis Presley that have been displayed at Graceland for years could be destined for a museum, if the group that owns the planes has its way.

OKC Partnership, which owns the Lisa Marie and Hound Dog II jets, has applied to the Office of Planning and Development for a planned development to allow a museum featuring Elvis Presley’s airplanes at 3850 Elvis Presley Blvd. The museum would be located on a vacant lot that was formerly home to Covenant Presbyterian Church.

72. Goldman Sachs ‘Confident’ in Memphis -

In April, Rachel Diller, managing director of the urban investment group at Goldman Sachs, received a phone call in her New York office from officials at Phoenix-based Dudley Ventures.

The executives at Dudley Ventures, which specializes in large tax-credit supported projects, were arranging financing for the $200 million effort to transform the old Sears Crosstown property and wanted to know if the New York-based investment bank was interested.

73. 1212 Makes Statement With January Sales -

What a difference a boom makes. In 2008, when the Icon condos in the Gulch were beginning to close, the developer was under scrutiny. Some doubted the veracity of his reported sales figures.

One group even went as far as to photograph the tower under the cover of darkness in order to prove no one lived there. If the lights are out, they argued, units had not been sold.

74. Planned Downtown Hotel Features Urban Design -

A new rendering of a proposed LaQuinta Inn & Suites hotel at Union Avenue and Danny Thomas Boulevard Downtown shows a more urban design than a previous stock rendering sent to city and county planners.

75. When Vacation Rentals Make More Sense -

With just one child, my wife and I don’t find ourselves stressing out about the need for a large hotel room suite or adjoining rooms so our family has enough room to spread around. 

But with the need for privacy or an opportunity to sleep in – our son wakes earlier than my wife and he likes to watch TV – we find sleeping in one hotel room is increasingly tough on our travels.

76. Raymond James Tower Fetches $20 Million -

How much is a 21-story skyscraper overlooking the Mississippi River worth? About $1 million a floor.

New York-based investor Jacob Sofer will pay Parkway Properties around $20 million for the Raymond James Tower at 50 N. Front St. Downtown, according to several people with knowledge of the transaction. The Shelby County Assessor of Property’s 2014 appraisal for the 340,000-square-foot building is $24 million.

77. Stonebridge Crossing Sells for $34.7 Million -

9300 U.S. 64
Lakeland, TN 38002
Sale Amount: $34.7 million

Sale Date: Jan. 5, 2015
Buyer: Lakeland Apartments TN Associates LLC
Seller: MRB Stonebridge LP
Loan Amount: $27.7 million
Loan Date: Dec. 15, 2014
Maturity Date: Feb. 1, 2025
Lender: Walker & Dunlop LLC
Details: An affiliate of a New York-based real estate investment firm has bought the Stonebridge Crossing Apartments in Lakeland for $34.7 million.

78. Townhome Community Sells for $7.2 Million -

An East Memphis townhome community has been sold for $7.2 million.

1704 Farmington LLC, an affiliate of New York-based CLK Properties, sold the 127-unit Class B townhome community at 6003 Bangalore Court, located on the north side of Quince Road near Lichterman Nature Center, to Ridgeway Holdings LLC, Waypoint LLC and Main Drive Properties LLC, according to a Jan. 13 special warranty deed. The sales price breaks down to $56,692 per unit.

79. Townhome Community Sells for $7.2 Million -

An East Memphis townhome community has been sold for $7.2 million.

1704 Farmington LLC, an affiliate of New York-based CLK Properties, sold the 127-unit Class B townhome community at 6003 Bangalore Court, located on the north side of Quince Road near Lichterman Nature Center, to Ridgeway Holdings LLC, Waypoint LLC and Main Drive Properties LLC, according to a Jan. 13 special warranty deed. The sales price breaks down to $56,692 per unit.

80. New York Investor to Buy Raymond James Tower -

A New York-based investor is under contract to purchase the Raymond James tower on Front Street Downtown, one of the most recognizable office buildings in the city.

81. The Preserve at Southwind Sells for $28 Million -

7991 Capilano Drive
Memphis, TN 38125
Sale Amount: $28 million

Sale Date: Dec. 22, 2014
Buyer: Southwind Apartments LP
Seller: G&I VII Preserve at Southwind Apartments LP
Loan Amount: $18 million
Loan Date: Dec. 18, 2014
Maturity Date: Oct. 31, 2020
Lender: Jackson National Life Insurance Co.
Details: A team that includes Memphis-based Foegelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

82. Memphis Industrial Market Rebounds in 2014 -

The upswing in the industrial real estate sector that started in 2012 and gained momentum in 2013 continued in 2014 and the Memphis market, fueled by several large transactions late in the year, should top 2013's level of around 3.2 million square feet of absorption.

83. US Home Price Growth Slows for 11th Consecutive Month -

WASHINGTON (AP) – U.S. home prices rose in October at a slightly slower pace, as real estate sales have fallen and affordability has increasingly become a challenge for potential buyers.

84. Two In-Rel Properties Fetch $16.8 Million -

6263 Poplar Ave. and
2670 Union Ave. Extended
Memphis, TN

85. ITT Files $5.8M Loan on Cordova Building -

ITT Technical Institute has filed a $5.8 million loan on its Cordova campus.

ITT Educational Services Inc. filed the loan on the property at 7260 Goodlett Farms Parkway in Cordova through Cerberus Business Finance LLC, an affiliate of New York-based Cerberus Capital Management, according to a Nov. 25 deed of trust.

86. In-Rel Sells 2 Office Buildings for $16.8M -

Affiliates of Clark Tower owner In-Rel Properties Inc. have sold two of the company’s other Memphis office buildings to a private equity firm for $16.8 million as part of a larger portfolio.

87. In-Rel Sells Two Memphis Office Buildings for $16.8 Million -

Affiliates of Clark Tower owner In-Rel Properties Inc. have sold two of the company’s other Memphis office buildings to a private equity firm for $16.8 million as part of a larger portfolio.

88. ITT Files $5.8 Million Loan on Cordova Building -

ITT Technical Institute has filed a $5.8 million loan on its Cordova campus.

ITT Educational Services Inc. filed the loan on the property at 7260 Goodlett Farms Parkway in Cordova through Cerberus Business Finance LLC, an affiliate of New York-based Cerberus Capital Management, according to a Nov. 25 deed of trust.

89. 26 Industrial Properties Facing Foreclosure -

The company that purchased Farnsworth Investment Co.’s industrial portfolio in 2005 has defaulted on a $69 million loan, and now 26 of its properties are facing foreclosure, according to a first-run foreclosure notice in the Friday, Dec. 12, edition of The Daily News.

90. 26 Industrial Properties Facing Foreclosure -

The company that purchased Farnsworth Investment Co.’s industrial portfolio in 2005 has defaulted on a $69 million loan, and now 26 of its properties are facing foreclosure, according to a first-run foreclosure notice in the Friday, Dec. 12, edition of The Daily News.

91. Shelby County Commercial Sales Dip in October -

Shelby County recorded 90 commercial sales in October, down 4 percent from 94 commercial sales recorded in October 2013, according to real estate information company Chandler Reports, www.chandlerreports.com.

92. Brook Chase Apartments Will Receive Upgrades -

The Brook Chase Apartments in Germantown are about to get a makeover.

Memphis-based Fogelman Properties and New York-based DRA Advisors LLC, which teamed up this year to acquire the property for $31.1 million, plan on making significant upgrades to the 280-unit apartment community at 7865 Grove Court West.

93. Brook Chase Apartments Will Receive Upgrades -

The Brook Chase Apartments in Germantown are about to get a makeover.

Memphis-based Fogelman Properties and New York-based DRA Advisors LLC, which teamed up this year to acquire the property for $31.1 million, plan on making significant upgrades to the 280-unit apartment community at 7865 Grove Court West.

94. Lynnfield Place Apartments Sell for $22.4 Million -

1400 Lynnfield Road
Memphis, TN 38119
Sale Amount: $22.4 million

Sale Date: Nov. 7, 2014
Buyer: Lynnfield Apartments LLC
Seller: Lynnfield Holdings LLC
Loan Amount: $20 million
Loan Date: Nov. 3, 2014
Borrower: Lynnfield Apartments LLC
Lender: Arbor Commercial Funding LLC
Details: The Lynnfield Place apartment community in East Memphis has sold for $22.4 million.

95. Elvis Presley Enterprises Seeks $70 Million Building Permit for Hotel -

3600 Elvis Presley Blvd.
Memphis, TN 38116
Permit Amount: $70 million

96. Estates at River Pointe Owner Files $31.2M Loan -

The owner of the Estates at River Pointe apartment complex on Mud Island has taken out a $31.2 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 Oct. 30 through Berkeley Point Capital LLC.

97. Estates at River Pointe Owner Files $31.2 Million Loan -

The owner of the Estates at River Pointe apartment complex on Mud Island has taken out a $31.2 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 Oct. 30 through Berkeley Point Capital LLC.

98. Highland Row Developer Applies for $6.7 Million Permit -

387 S. Highland St.
Memphis, TN 38111
Permit Amount: $6.7 million

Project Cost: $61 million
Application Date: November 2014
Engineer: Jordan & Skala Engineers
Details: Indianapolis-based developer Milhaus Ventures has applied for another building permit for the long-awaited Highland Row project near the University of Memphis.

99. Skip Check-In; Latest Hotel Room Key is Your Phone -

NEW YORK (AP) – Hotels don't want guests to have to linger at the front desk – or even stop by at all.

New programs are helping speed up the check-in process for busy travelers, or in at least one case, letting them go straight to their rooms by using their smartphone to unlock doors.

100. Midtown Cash Saver Property Sells for $5.3 Million -

1620 Madison Ave.
Memphis TN 38104
Sale Amount: $5.3 million

Sale Date: Oct. 24, 2014
Buyer: LAG Memphis LLC
Seller: Super Market Developers Inc.
Loan Amount: $3.9 million
Loan Date: Oct. 24, 2014
Lender: Ladder Capital Finance LLC
Details: The Cash Saver property on Madison Avenue in Midtown has been sold for $5.3 million.