A multifamily project planned for Broad Avenue could provide the housing element that takes the arts district to the next level.

2542 Broad Ave.
Memphis, TN 38112

2. Largest Multifamily Sale Takes Place for $39.1M - Thursday, August 18, 2016

8285 Irene Blvd.
Memphis 38125

Sale Amount: $39.1 million

Sale Date: Aug. 5, 2016

Buyer: WDC Greens Investment LLC and MEM Greens at Irene LLC

3. Greens at Irene Apartments Sold for $39 Million - Saturday, August 13, 2016

The Greens at Irene apartment community in southeast Memphis has sold for $39.1 million.

WDC Greens Investment LLC and MEM Greens at Irene LLC purchased the property from The Greens at Irene L.P. and the Greens at Irene Phase II L.P. in a Aug. 5 warranty deed.

4. Greens at Irene Apartments Sells for $39 Million - Thursday, August 11, 2016

The Greens at Irene apartment community in southeast Memphis has sold for $39.1 million.

WDC Greens Investment LLC and MEM Greens at Irene LLC purchased the property from The Greens at Irene L.P. and the Greens at Irene Phase II L.P. in a Aug. 5 warranty deed.

5. $12.6M Building Permit For New Ballet Memphis HQ - Thursday, April 21, 2016

2144 Madison Ave.
Memphis, TN 38104
Permit Amount: $12.6 million

Owner: Ballet Memphis
Tenant: Ballet Memphis
Architect: Archimania
Contractor: Grinder, Taber & Grinder
Details: Ballet Memphis is setting the stage for its Overton Square headquarters as Grinder, Taber & Grinder recently applied for a $12.6 million building permit for new construction.

6. Ballet Memphis Files Permit For Overton Square HQ - Tuesday, April 19, 2016

Ballet Memphis is setting the stage for its Overton Square headquarters as Grinder, Taber & Grinder recently applied for a $12.6 million building permit for new construction.

In 2015, Ballet Memphis purchased the former French Quarter Inn, at the corner of Madison Avenue and North Cooper Street. Demolition on the shuttered hotel began in October.

7. Sale of Former Memphis Police Headquarters Set for May - Tuesday, April 19, 2016

The tours and inspections are done for now. And City Hall’s timeline for selling the circa-1910 Memphis Police headquarters at 128 Adams Ave. is a bit behind schedule.

8. Memphis Leaders Taking New Offers for Old Police HQ - Wednesday, March 16, 2016

The city of Memphis now has three offers to buy the old Central Police Station at 128 Adams Ave. and renovate it as a hotel. It will likely have even more offers by the time the Memphis City Council decides who, if anyone, to sell the circa-1910 building to at its April 19 meeting.

9. City Has Offer On Adams Police Station - Monday, March 14, 2016

The realty group that proposed a short-lived Hotel Overton for Overton Square in 2015 has offered the city of Memphis $1.1 million for the old Central Police Station building at 128 Adams Ave.

10. Last Word: Mudslide, The Deannexation Storm and Kilzer at Calvary - Friday, March 11, 2016

Lots of news on a very rainy day including the flooding from the constant rain that closed some schools and cancelled a lot of other events. And then there was a mudslide on Riverside Drive from the bluff overlooking Tom Lee Park and the Mississippi River. The rain has also pushed the Wolf River to the point that it is now over some parts of the greenway in Germantown.

11. City Has Offer On Adams Police Headquarters - Friday, March 11, 2016

The realty group that proposed a short-lived Hotel Overton for Overton Square in 2015 has offered the city of Memphis $1.1 million for the old Central Police Station building at 128 Adams Avenue.

12. Ballet Memphis Closes On French Quarter Suites Purchase - Tuesday, August 18, 2015

2144 Madison Ave.
Memphis, TN 38104

Sale Amount: $4.2 million

Sale Date: Aug. 6, 2015

13. Ballet Memphis Closes On French Quarter Inn - Saturday, August 15, 2015

Ballet Memphis has closed on its purchase of the French Quarter Inn in Overton Square for $4.2 million.

The seller, NCE Realty and Capital Group LLC of California, had owned the 34,0000-square-foot hotel at the northeast corner of Madison Avenue and Cooper Street since December 2013, when it purchased the property for $1.9 million.

14. Ballet Memphis Closes On French Quarter Inn - Wednesday, August 12, 2015

Ballet Memphis has closed on its purchase of the French Quarter Inn in Overton Square for $4.2 million.

The seller, NCE Realty and Capital Group LLC of California, had owned the 34,0000-square-foot hotel at the northeast corner of Madison Avenue and Cooper Street since December 2013, when it purchased the property for $1.9 million.

15. Ballet Memphis Turns to Overton Square - Wednesday, June 24, 2015

Scratch those plans for a new Hotel Overton where the French Quarter Inn now sits in Overton Square.

Ballet Memphis has a sales contract on the property at the northeast corner of Madison Avenue and Cooper Street and plans to build a new two-story structure fronting on Madison with parking in the rear and on the eastern end.

16. Larger Hotel Overton To Replace French Quarter Inn - Tuesday, May 5, 2015

The idea of an Overton Square hotel has long been a part of plans for the Midtown entertainment district, which marks the 45th anniversary of its founding this month.

Seven years after the district’s first hotel, the French Quarter Inn, closed its doors for good, there are plans for a new five-story, 134-suite Hotel Overton on the same northeast corner of Madison Avenue and North Cooper Street.

17. FedEx Decides Not to Renew a Renaissance Center Lease - Thursday, September 4, 2014

FedEx has decided not to renew a lease at a prominent East Memphis office building.

FedEx Services is not renewing a roughly 11,000-square-foot lease at the 189,644-square-foot Renaissance Center office building at 1715 Aaron Brenner Drive that expires Oct. 1. Employees affected by the decision will be moved to FedEx facilities, part of a broader consolidation and efficiency plan the company has been pursuing.

18. New Life - Saturday, January 18, 2014

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

19. New Life - Monday, January 20, 2014

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

20. French Quarter Inn Sells for $1.9 Million - Saturday, January 4, 2014

The long-vacant French Quarter Inn on Madison Avenue near Overton Square has been sold for $1.9 million, according to property records.

California-based NCE Realty and Capital Group LLC closed Dec. 31 on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street.

21. French Quarter Inn Sells for $1.9 Million - Friday, January 3, 2014

The long-vacant French Quarter Inn on Madison Avenue near Overton Square has been sold for $1.9 million, according to property records.

California-based NCE Realty and Capital Group LLC closed Dec. 31 on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street.

22. Frayser Apartments Again Bought Out of Foreclosure - Tuesday, October 8, 2013

An entity called MRC Memphis LLC has paid $1.2 million for the Whitney Manor and Frayser Manor apartment complexes in Frayser, following a foreclosure of the properties.

23. CashSaver Trades Hands for $3.2 Million - Friday, December 28, 2012

The CashSaver in Midtown has traded hands. 

Kansas City, Kan.-based Super Market Developers Inc. bought the 69,017-square-foot building at 1620 Madison Ave. at Avalon Street from 1620 Madison LLC for $3.2 million. Fred Monks III, president/chief manager of 1620 Madison LLC, signed the special warranty deed.

24. Fla. Company Buys Cordova Retail Center - Friday, June 8, 2012

Coral Springs, Fla.-based Swiss Capital Group LLC has acquired The Shops of Woodland Hills in Cordova for $3.1 million.

25. Trinity Place Sells For Third Time In Five Years - Friday, July 8, 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.

26. Tricky Market - Tuesday, April 13, 2010

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.”

27. Troubled Frayser Apartment Complexes Land New Owner - Tuesday, August 18, 2009

3081 St. Charles Drive
and 931 Frayser Blvd.
Memphis, TN 38127

Sale Amount: $2.2 Million
Sale Date: July 22, 2009
Buyer: Group 40 LLC
Seller: Whitney Frayser Manor Memphis LLC
Loan Amount: $1.5 million
Loan Date: July 21, 2009
Maturity Date: July 1, 2012
Lender: Madison Realty Capital LP

28. Foreclosed Apartments Find New Owner - Tuesday, August 11, 2009

The bank that bought the Whitney Manor and Frayser Manor apartment complexes in Frayser out of foreclosure has sold the properties to a Connecticut-based entity called Group 40 LLC. The $2.2 million sale closed in late July.

29. Neuvo Salon Files Permit For New East Memphis Location - Tuesday, May 12, 2009

5158 Wheelis Drive
Memphis, TN 38117
Permit Amount: $712,367

Project Cost: $712,367
Permit Date: Applied May 2009
Completion: March 2010
Owner: Neuvo Salon
Tenant: Neuvo Salon
Contractor: Construction Solutions LLC
Architect: Thoda and Associates PLLC

30. Frayser Apartments Sold Back to Bank - Thursday, May 7, 2009

The Whitney Manor and Frayser Manor apartment complexes in Frayser have been sold back to the bank that owned the note on them, Madison Realty Capital LP, for a combined $1.2 million following a foreclosure. Whitney Frayser Manor Memphis LLC, a local entity related to the lender, bought the properties April 6 from successor trustee Charles S. Sanger on the courthouse steps.

31. Frayser Apartments Face Foreclosure Sale - Friday, March 13, 2009

The owner of the Whitney Manor and Frayser Manor apartment complexes in Frayser has been foreclosed, and both properties will be sold on the courthouse steps April 6, according to a notice on Page 39 of today’s print edition of The Daily News, and also at The Daily News Online, www.memphisdailynews.com.

32. Revid Property Management Has Growth on Mind During Tough Times - Monday, October 13, 2008

Revid Property Management LLC acquired Midtown Property Management and Realty LLC in August, gaining about 400 new rental units and placing the company and its sister entities, Revid Realty LLC and Revid Design LLC, as one of the largest property management companies in Memphis.

33. Hedge Funds Help Fill Gap in Lending for Property - Thursday, August 28, 2008

Three months ago, Eric Gray saw an opportunity to scoop up a vacant retail property in New York City's borough of Brooklyn. But he had a problem, one that has been plaguing many real-estate investors and owners: The nation's banks, burned by years of easy credit and the resulting devastating losses, are no longer eager to lend.

34. 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.

35. No Gloom Here - Friday, March 7, 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).

36. Breaking the Mold - Thursday, January 24, 2008

Large transactions involving apartment complexes and hotels dominated Shelby County's commercial real estate landscape in 2007, a year that saw increased sales amid an overwhelming economic slowdown.

37. Watergrove Transaction Sets Multifamily Price Record - Tuesday, October 23, 2007

With 22 acres of lakes dotted across its sprawling footprint near Tenn. 385, Watergrove Townhomes has been one of the more recognizable properties in the Hickory Hill area for the past 20 years.

Thanks to the arrival of Philadelphia-based BPG Properties Ltd., the 1,002-unit Class B complex can now add another distinction to its resume - most lucrative.

38. Frayser Apartments SoldTo Connecticut Investor - Tuesday, March 20, 2007
     Two Frayser apartment complexes have sold to a Connecticut investor for $2.6 million.
     Whitney Manor Apartments at 1520 Whitney Ave. and Frayser Manor Apartments at 931 Frayser Blvd. were

39. Give 'Em Credit: Teachers' Credit Union Official Says New Branches Will Keep It Competitive - Tuesday, December 19, 2006

New MATCU Branches on
Union Avenue and White Station Road
Project Cost: Not released

Permit Date: Dec. 4, 2006

40. Madison Avenue Building Turns Inside Out - Friday, March 3, 2006

The developers of the Goodwyn Condominiums at 127 Madison Ave. are looking to blend a historic building with high-tech amenities.

The 18-story, 68,000-square-foot building is being redeveloped by Henry Grosvenor and J. Hollingsworth of Capital Development LLC for $9 million.

41. Royal ArkansasBuys Ramada Limited - Friday, July 8, 2005
The Royal Arkansas Hotel & Suites Inc. purchased the Ramada Limited at 2945-2979 Millbranch Road from LaSalle Bank as trustee for $1.9 million. One trust deed for $600,000 was filed with Madison Realty Capital as the lender. LaSalle purchased the pro

42. Archived Article: Real Recap - Tuesday, May 4, 2004
10 S

Developer Refinances South Main Apartments

10 S. Main St.

Memphis, TN 38103

Cost: $7.9 million

Borrower: CTB LLC

Lender: Morgan Stanley Mortgage Capital Inc.

Trustee: Mid-South Title Corp.

Property: No. 10 Main Apartment...

43. Archived Article: Real Review Lj - Tuesday, March 28, 2000
Jitney Jungle closes doors Jitney Jungle closes doors in Little Rock, Memphis markets Jitney Jungle Stores of America Inc. on Monday announced the sale of six stores and the closure of three grocery stores and two companion gas stations in the Memph...

44. Archived Article: Real Briefs - Tuesday, February 11, 1997
Equity Inns Inc Equity Inns Inc., a hotel real estate investment trust that owns premium brand, limited-service and extended-stay hotel properties throughout the United States, announced that it has completed the private placement of $88 million in ...