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Editorial Results (free)

1. $9.5 Million Permit Filed For Downtown Hotel -

310 Union Ave.
Memphis, TN 38103

Permit Cost: $9.5 million

Permit Date: Applied August 2015

2. 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.

3. 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.

4. NY-Based Retail Owner Defaults on $25.6M Loan -

Four retail properties across six parcels in Collierville and Cordova owned by affiliates of New York-based Nightingale Properties are in default and facing foreclosure.

A first-run foreclosure notice has been filed for three retail properties in Collierville and one in Cordova after borrowers defaulted on a $25.6 million loan secured by the properties. The properties are scheduled for sale Friday, June 29, at noon by substitute trustee Robert F. Tom.

5. ‘The Rat’ at Rhodes Gets Makeover -

Rhodes College has filed an $11 million permit with the city-county Office of Construction Code Enforcement to expand and renovate its main dining hall facility.

Known by students as “The Rat,” Catherine Burrow Refectory opened in 1958 and has three dining areas – Neely Hall, Hyde Hall and Rollow Hall. Smaller meeting rooms include the Alburty Room, the Davis Room and the Bell Room.

6. Improvement Planned ForProperties in $31M Deal -      New York-based Nightingale Properties and equity partner Reuben Stein of Memphis have bought five properties in Memphis, Cordova and Collierville for more than $31 million with plans to hold them long term.
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7. Young Go-Getter Racks Up $14.4 Million In Commercial Sales In Only Three Weeks -

In the past three weeks, a commercial real estate broker at Re/Max On The River has closed more than $14.4 million in real estate deals in Memphis, with more on the way.

Reuben Stein, 22, the senior vice president of Re/Max's commercial group, brokered the sale of two strip centers and an office park - in Cordova, Bartlett and Memphis - to Nightingale Properties, a New York-based group of investors.