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VOL. 131 | NO. 173 | Tuesday, August 30, 2016

Daily Digest

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CBRE, Mosaik Partner To Map Cellular Service

CBRE has partnered with Memphis-based Mosaik to analyze cellular and Wi-Fi coverage at commercial properties.

With the launch of CBRE’s new Benchmark In-Building Cellular Mapping Services, CBRE Telecom Advisory Services will be able to quantify the network quality of entire properties or an individual unit.

“We cannot emphasize enough the importance of in-building coverage,” said Cris Kimbrough, managing director of Telecom Advisory Services for CBRE. “When individuals have poor in-building network experiences, it impacts their overall view of a property.”

With the Mosaik partnership, CBRE will be able to remedy coverage issues by determining where distributed antenna systems or other small cell installations may be needed. By using Mosaik’s Signal Insights application, CBRE or property owners will be able to map both indoor and outdoor signals and analyze performance indicators like download speed and signal strength.

CBRE expects to start offering Benchmark In-Building Cellular Mapping to its customers this October.

– Madeline Faber

Memphis Towers Apartments Sell for $13.5 Million

An apartment high-rise in the Memphis Medical District has sold for $13.5 million.

Memphis 2192 TN LLC, a company of Millennia Housing Development, purchased the eight-story, 306-unit Memphis Towers apartments from Memphis II LP in an Aug. 19 warranty deed.

The Class C property at 1081 Court Ave. was built in 1978. The building bears 185,146 square feet and is situated on 2.9 acres on the south side of Court east of North Camilla Street. The Shelby County Assessor most recently appraised the property at $5.4 million.

In conjunction with the sale, Memphis 2192 TN LLC filed a $10 million loan through Pillar Multifamily LLC.

– Madeline Faber

Grizzlies to Hold D-League Open Tryout Oct. 9

The Iowa Energy, the NBA Development League affiliate of the Memphis Grizzlies, will hold their annual open player tryouts for the upcoming 2016-17 season on Oct. 9 from 1 p.m. to 5 p.m. at the Hyde Gym on the Memphis University School campus, 6191 Park Ave.

Basketball staff from both the Grizzlies and Iowa Energy will be on hand to make evaluations. Registrations completed before Oct. 9 are $150. Same-day registration is $200. Go to grizzlies.com or iowanba.com for more information.

– Don Wade

Cordova Hotel Sells for $2M

A Quality Suites hotel in Cordova has sold for $2 million.

Akshar Macon LLC purchased the hotel from Minesh Patel in an Aug. 25 warranty deed. Built in 1996, the property at 8166 Varnavas Drive bears 66,050 square feet. It sits on 2.2 acres on the north side of Varnavas east of North Germantown Parkway, and the Shelby County Assessor’s 2016 appraisal was $2 million.

In conjunction with the sale, Akshare Macon LLC filed a $3.7 construction loan woth Centennial Bank.

– Madeline Faber

Tim Jackson Wins Tennessee Senior Amateur Championship

Germantown’s Tim Jackson won the 2016 Tennessee Senior Amateur Championship by two strokes. Jackson shot a pair of 3-under par 69s in rounds 1 and 3.

The thick rough and quick greens of Spring Creek Ranch made for a tough test as Jackson was the only player to finish the week under par. The division is for golfers 55 and older.

Buzz Fly of Memphis tied for seventh place, and Gary Simpson and Barry Stafford, both of Memphis, tied for 11th place.

In the Super Senior Amateur, for golfers 65 and older, David Kraus of Memphis finished third and Cordova’s Bob Clark came in 10th. Neil Spitalny of Chattanooga captured the Super Senior title after winning a playoff on the second hole over Jim Webb of Brentwood.

– Don Wade

VIA Productions Hires Business Development Director

VIA Productions, a full-service production company with offices in Memphis and Los Angeles, has added Lindsey Roberts as director of business development.

In that newly created role, Roberts will drive new business, build strategic relationships and drive new opportunities.

Prior to joining VIA, Roberts spent five years with Vaco Memphis as a staffing manager and executive recruiter. The announcement follows a year of new partnerships and staffing growth. And with the addition of Roberts, VIA aims to further bolster its presence in both Memphis and Los Angeles.

– Andy Meek

FedEx Institute Partners With Indie Memphis for Film Tech Contest

The FedEx Institute of Technology is launching the 2017 Film Innovation Challenge, a contest open to filmmakers across the country that highlights the latest advances in technology innovation.

Contestants are invited to submit films between five and 10 minutes long in one of two categories: Film Innovation and Technical Innovation. Each category is designed to push the limits of how film can incorporate emerging technologies, both as subject matter and as technical development. The Film Innovation Challenge festival highlighting the finalists will be held at the FedEx Institute of Technology on Jan. 19.

A special category has been made available to University of Memphis students and alumni, who may submit to either the technical innovation or film innovation category and will be judged against a separate pool from the national competition.

The deadline for submissions is Dec. 9, with finalists notified on Dec. 19. Submissions must fit one of two categories:

• Film Innovation Challenge: Films must feature emerging trends in science and technology as their principal subject matter. This may be presented in the form of a documentary, original fictional work or experimental piece. Content must focus on technology advances which could be implemented in the next five to 10 years based on the current state of emerging technologies.

• Technical Innovation Challenge: Films should exhibit a technical innovation in their filmmaking process. Technical innovation is defined as the incorporation of a new or emerging technology which can include virtual reality/immersive technology, micro filmography or advanced CGI. Entries must include an essay explaining the implemented innovation. Email essays to fedex@memphis.edu with subject line: “Film Innovation Challenge: Technical Innovation Essay.” Only technique will be judged.

Submissions will be managed through FilmFreeway, and entrants must be present at the film festival to win. Visit memphis.edu/fedex/film for complete details.

– Don Wade

PROPERTY SALES 62 288 2,619
MORTGAGES 52 197 1,783