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Editorial Results (free)

1. Ares Management Buys Two Industrial Warehouses -

Midwest Tuggle Road Industrial, an affiliate of Investco Realty Advisors, sold two of its industrial assets in Memphis in separate Aug. 8 warranty deeds.

AP Tuggle Road LLC, a company of Ares Management L.P., purchased a 1.1 million-square-foot warehouse for $29.3 million. The property at 4880 Tuggle Road was built in 1990. Electrolux and Ford Motor Co. both lease space in the Class A distribution center.

2. Last Word: The Elvis Bubble, Global Entry At MEM and ARC at the Rec Room -

Elvis Week is with us. If you are on Elvis Presley Boulevard every day you know that the Elvis Week landscape is very different this year with the Guest House at Graceland hotel going up and well underway at this point – 90 percent complete toward a late October opening we were told during a media tour on Wednesday.

3. Ares Management Purchases Two Industrial Warehouses -

Midwest Tuggle Road Industrial, an affiliate of Investco Realty Advisors, sold two of its industrial assets in Memphis in separate Aug. 8 warranty deeds.

AP Tuggle Road LLC, a company of Ares Management L.P., purchased a 1.1 million-square-foot warehouse for $29.3 million. The property at 4880 Tuggle Road was built in 1990. Electrolux and Ford Motor Co. both lease space in the Class A distribution center.

4. Camy’s To Relocate In Midtown -

Camy’s, the Midtown delivery and carry-out institution, will relocate soon.

Camy Archer, founder and owner of Camy’s, will move the business from 3 S. Barksdale to 2886 Walnut Grove Road, which is near the Union Avenue viaduct and was most recently occupied by the Love Shack.

5. Cordova Creek Apartments Sell for $12.5 Million -

1175 N. Germantown Parkway
Memphis, TN 38016
Sale Amount: $12.5 million

6. Industrial Portfolio Sells for $40.1 Million -

Three Class A warehouses totaling close to 1.9 million square feet in Southeast Memphis have been sold for a combined $40.1 million.

The Memphis Logistics I and II buildings at 5510 E. Holmes Road and 5540 E. Holmes Road and the warehouse at 4880 Tuggle Road were sold in two separate deeds in lieu of foreclosure that closed Dec. 16.

7. Archived Article: Real Briefs - Mid-America Apartment Q4 FFO Real estate investment trust Mid-America Apartment Communities Inc. posted a 14.6 percent increase in fourth quarter funds from operations but still fell a cent less than market expectations. For the three months ended D...