Editorial Results (free)
1. Local Multifamily Market Continues To Log Higher Sales, Strong Demand
- Saturday, October 29, 2016
Multifamily real estate sales have been strong in Memphis for a couple of years, and the 41 transactions posted in the third quarter mark the most recorded in a quarter in two years.
“The multifamily market continues to be very strong and has been the strongest real estate sector for the past several years,” said Mark Fogelman, president of Memphis-based Fogelman Management Group, a national multifamily property management company.
2. Pinnacle Awards Honor Commercial Real Estate Standouts
- Monday, April 13, 2015
The local commercial real estate community gathered at the Memphis Botanic Garden Thursday, April 9, for the 14th annual Pinnacle Awards. Every year, the Memphis Area Association of Realtors Commercial Council honors its members based on their transactional volume, merit and community activity.
3. Brook Chase Apartments Sells for $31.1 million
- Tuesday, October 07, 2014
The 280-unit Brook Chase Apartments community in Germantown has been sold for $31.1 million.
Brook Chase Apartments Partnership LLC, an affiliate of Germantown-based Sentinel Real Estate Corp., sold the complex to G & I VIII Brook Chase LLC, an affiliate of New York City-based DRA Advisors LLC, according to an Oct. 3 special warranty deed. G & I VIII Brook Chase LLC also filed a $22.1 million loan with CBRE Capital Markets Inc., according to an Oct. 3 multifamily deed of trust.
4. Addison at Collierville Owner Files $17 Million Loan
- Tuesday, July 08, 2014
400 Orchard Circle
Collierville, TN 38017
Loan Amount: $16.8 million
Loan Date: July 1, 2014
Maturity Date: July 1, 2021
Borrower: G&I VII Addison at Collierville LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 226-unit Addison at Collierville apartments at 400 Orchard Circle W. has filed a $16.8 million loan on the property.
5. Addison at Collierville Owner Files $17 Million Loan
- Friday, July 04, 2014
The owner of the 226-unit Addison at Collierville apartments at 400 Orchard Circle W. has filed a $16.8 million loan on the property.
6. Legacy Farm Owner Files $29.8 Million Loan
- Tuesday, June 24, 2014
1120 Winchester Road
Collierville, TN 38017
Loan Amount: $29.8 million
Loan Date: June 18, 2014
Maturity Date: July 1, 2021
Borrower: Legacy Farm LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 368-unit Legacy Farm apartment complex at 1120 Winchester Road in Collierville has filed a $29.8 million loan on the property.
7. Legacy Farm Owner Files $29.8 Million Loan
- Monday, June 23, 2014
The owner of the 368-unit Legacy Farm apartment complex at 1120 Winchester Road in Collierville has filed a $29.8 million loan on the property.
8. CB Richard Ellis Brokers Four Multifamily Sales
- Friday, March 21, 2014
The multifamily group at CB Richard Ellis Memphis has closed on the sale of four properties in the Memphis market over the last several weeks.
Briar Club Apartments, a 272-unit apartment community constructed in 1985, sold for $8.7 million, or $32,093 per unit. Cinnamon Trails Apartments, a 208-unit apartment community constructed in 1989, sold for $8.6 million, or $41,461 per unit. respectively. CBRE Memphis represented the sellers, Briar Apartments LLC and Cinnamon Apartments LLC in the sale to New York based Briar Club LLC and Cinnamon Trail LLC.
9. Changing Market
- Wednesday, January 02, 2013
Much of 2012’s commercial real estate deals could be summed up in one of three phrases: speculative construction, institutional buyers and unusual transactions.
The first quarter was kicked off when Industrial Developments International Inc. revealed plans to add one build-to-suit and two speculative buildings in its Crossroads Distribution Center in Olive Branch – marking the area’s first spec construction since 2008.
10. Rheumatology Clinic Buys Germantown Office Building
- Tuesday, November 27, 2012
7660 Poplar Pike Germantown, TN 38138
Sale Amount: $986,850
Sale Date: Nov. 14, 2012
11. Lease Brings New Breed Footprint to 3 Million Feet
- Friday, October 12, 2012
New Breed Inc. is enhancing its Memphis operations with a new distribution warehouse lease in the Southeast industrial submarket.
12. Site Work for St. Jude Tower Part of Permit Application
- Tuesday, March 13, 2012
315 Danny Thomas Place
Memphis, TN 38105
Permit Cost: $5 million
Project Cost: $190 million
13. Hunter's Trace Apts. Financed for $11M
- Tuesday, March 06, 2012
Hunters Trace LLC has financed Hunters Trace Apartments through CBRE Capital Markets Inc. for $10.9 million.
14. Stratum on Highland Financed for $5.7M
- Monday, November 28, 2011
Stratum on Highland LP has financed The Stratum on Highland apartment building through CBRE Capital Markets Inc. for $5.7 million. The deal closed Thursday, Nov. 17.
15. Green Shoots
- Monday, November 28, 2011
As the local commercial real estate market approaches the end of 2011, experts say it appears to be in line with national fundamentals for secondary and tertiary markets.
Shelby County commercial sales in the third quarter were the highest sales volume since Q3 2007, with $259 million, according to real estate information company Chandler Reports, www.chandlerreports.com.
16. Plans Move Ahead For Cordova Staples
- Tuesday, August 09, 2011
1.7 acres in
Galleria of Memphis
Sale Amount: $850,000
Sale Date: July 26, 2011
Buyer: TN Cordova Germantown LLC
17. Madison Humphreys Center Financed for $18.8 Million
- Friday, August 05, 2011
Madison Humphreys Center LLC has filed an $18.8 million loan for Madison Humphreys Center, a 300-unit apartment complex built in 2001 at 300 N. Humphreys Blvd. The loan, through CBRE Capital Markets Inc., matures in August 2018.
18. Trinity Place Sells For Third Time In Five Years
- Friday, July 08, 2011
A Cordova retail center is under new ownership for the third time in five years. Atlanta-based Altus Real Estate Advisors LLC has purchased Trinity Place, 7990 Trinity Road, for $2.8 million.
19. CBRE’s Ridgway Honored as Top Newcomer
- Tuesday, April 19, 2011
It’s safe to say that real estate runs in Grant Ridgway’s blood. In the 1890s, his great grandfather moved to Jackson, Miss., bought a farm, sectioned it off in parcels and sold them one by one. Naturally, his grandfather got into the business, developing much of the West Jackson area.
20. Popular Burger Chain Moves Into Memphis
- Friday, March 11, 2011
After years of Five Guys Burgers and Fries having a presence in the Nashville and Knoxville areas, the chain is setting up shop in one of Memphis’ most densely populated areas.
Jubilee Restaurant Group LLC, owner of the franchise, signed a 2,882-square-foot lease in Primacy Place, 1615 Ridgeway Road.
21. Apartment Optimism
- Thursday, December 30, 2010
Apartment owners and operators in the Memphis market forecast a bright 2011, boosted by a continued weak homebuying landscape and a lack of new multifamily product coming online within the market.
“2010 was certainly an improvement for the multifamily sector – both in operations and in sales – over 2009, and we expect to see more of the same next year,” said Blake Pera, senior vice president of CB Richard Ellis Memphis’ multifamily division. “Most operators experienced comfortable revenue growth throughout the year, and there is some positive momentum in continued stable occupancy and concession burn-off next year with the lack of new supply hitting the market.”
22. MAAR Commercial Council Welcomes New Board Members
- Monday, August 16, 2010
The Memphis Area Association of Realtors Commercial Council held its annual board of directors meeting Thursday, approving three new members for its 2011 board.
Greg deWitt of Grubb & Ellis Co. will take over one of the council’s director seats next year before becoming the council’s vice president in 2012. He will inherit the seat occupied by John Mercer of Highwoods Properties in 2011.
23. Raleigh-Bartlett Strip Center Fills Back Up
- Monday, April 05, 2010
ORIX Capital Markets, a Dallas-based company operating as the special servicer for a North Memphis retail center, is working to quickly turn around a property once headed for foreclosure.
Village on the Pike at 2974 Covington Pike between Raleigh and Bartlett already is on the upswing thanks to a new owner in ORIX and new leasing and management agent in CB Richard Ellis Memphis.
24. Multifamily Survives Q4, Year
- Thursday, January 14, 2010
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.
25. CBRE Report Shows Pockets of Hope in Retail Sector
- Thursday, December 03, 2009
The local retail market hasn’t been immune to the sluggish economy, but Memphis saw a couple of bright spots during the third quarter (July through October), according to the latest data from CB Richard Ellis.
26. Multifamily Sector Healthy in Q2
- Tuesday, September 16, 2008
No matter how tough the economy gets, people still need a place to live, and one of the few sectors to weather this latest downturn has been multifamily.
Apartment business registered a solid second quarter (April through June) this year with steady occupancy plus upward trends in the categories of rents, construction and absorption, according to the latest multifamily report by CB Richard Ellis Memphis’ multifamily division.
27. Commercial Real Estate Tumbles
- Friday, August 22, 2008
After a prolonged and prosperous ride, commercial real estate stumbled in the past year with no signs of regaining its balance anytime soon.
Just 998 commercial sales were made in Shelby County from August 2007 through July 2008, down 17.6 percent from 1,211 sales during the previous 12-month period, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
28. May Commercial Sales Drop 75 Percent
- Monday, June 23, 2008
Take away the $16 million multifamily portfolio sold in a complicated deal that kept the properties out of bankruptcy and Shelby County’s commercial real estate activity in May was a picture of paltriness.
29. No Gloom Here
- Friday, March 07, 2008
Memphis' multifamily industry enjoyed one of the most dynamic years in recent memory, as 2007 saw increased occupancy, rental rates and even construction, according to the fourth quarter and 2007 "Memphis Multi-Housing Marketview" report by the local office of CB Richard Ellis (CBRE).
30. Memphis Multifamily Shines in 2007
- Tuesday, November 20, 2007
This year is almost in the books, but no matter what happens in the next six weeks, 2007 will go down as one of the most intriguing in recent memory for the multifamily industry.
For starters, Fogelman Realty Group LLC fetched a Memphis multifamily record $46 million in October when it sold the Class B, 1,002-unit Watergrove Townhomes to Philadelphia-based BPG Properties Ltd.
31. Real-Estate Brokers Take a Real Bruising
- Thursday, August 23, 2007
Brokerage firms have prospered along with commercial-real-estate markets in the past few years, reaping record profits.
But over five weeks, shares of the biggest firm, CB Richard Ellis Group Inc., have plunged 30 percent as the credit mess leads investors to predict a severe slowdown in property sales and worry that an economic slowdown could hurt leasing. Yet, some analysts and investors believe that the selloff went too far.
32. Archived Article
- Tuesday, February 27, 2007
Airport Business Park
North of Democrat Road
Sale Amount: $13.8 million
Sale Date: Feb. 21, 2007
33. Airport Business ParkSells for Nearly $14 Million
- Monday, February 26, 2007
A real estate investment firm based in Charlotte, N.C., has entered the Memphis market with the purchase of Airport Business Park.
Allegiance Realty Corp., under the names Airport Busin
34. 30 BIG ONES
- Friday, May 12, 2006
The sale this month of three industrial properties in southeast Memphis, whose more than 880,000 square feet were snapped up for $30 million, illustrates a peculiar truth about the local market.
While some Memphis residents are incapable of seeing past suburban sprawl, election drama, taxes, crime statistics, school consolidation or the city's four-term mayor, that's not necessarily true for national real estate investors.