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Clinton National Airport’s Concourse Prepares for $20.6M Renovation

Clinton National Airport’s Concourse Prepares for $20.6M Renovation

In 2007, the Little Rock Municipal Airport Commission authorized a study to determine the feasibility of constructing a new terminal that would cater to projected passenger demands and regulatory requirements. The study showed that instead of building a new terminal, the demands could be better met through an extensive renovation…

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Cushman & Wakefield Arranges Bridge Loan for 1M SF Distribution Facility; New Student Housing Development Rising Next to University of Memphis

Cushman & Wakefield Arranges Bridge Loan for 1M SF Distribution Facility; New Student Housing Development Rising Next to University of Memphis

Cushman & Wakefield announced that its Equity, Debt & Structured Finance Group has recently arranged a $25.1 million bridge loan on behalf of PDC Memphis Oaks 3 Holdings, LLC, an entity managed by Panattoni Development Company. The loan will refinance the existing loan on Memphis Oaks 3, a 1,025,000-square-foot, Class…

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Hotel Equities Celebrates Reopening of 96-Room Courtyard by Marriott Memphis East

Hotel Equities Celebrates Reopening of 96-Room Courtyard by Marriott Memphis East

In recent news, Hotel Equities (HE) held a ribbon cutting ceremony to celebrate the reopening of the Courtyard by Marriott Memphis East, a recently renovated 96-room hotel. Owned by Batra Hospitality Group Inc., the asset was purchased for roughly $4.2 million in June, 2013. In December of the same…

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Apartment Complex Breaks Ground Next to University of Memphis; Germantown Welcomes New $4.1M Medical Office Building

Apartment Complex Breaks Ground Next to University of Memphis; Germantown Welcomes New $4.1M Medical Office Building

California-based Rael Development Corp. recently began the construction of an $8 million apartment complex near the University of Memphis. The company hired Montgomery Martin Contractors LLC to build the four-story complex, and has recently requested a $200,000 building permit for the laying of the foundation of the property.…

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Carroll Organization Purchases Memphis’ Largest Multifamily Community for $46.5 Million

Carroll Organization Purchases Memphis’ Largest Multifamily Community for $46.5 Million

Atlanta-based Carroll Organization has increased its Southeastern footprint with the acquisition of an off-market, multifamily portfolio composed of Colonial Village at Inverness in Birmingham, Al; Greenbrook in Memphis, TN; and Colonial Village at Charleston Place in Charlotte, NC. The three assets, totaling at approximately 1,800 apartment units, will be rebranded…

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Lone Star Funds Acquires Office Building for $53/SF; University of Memphis Launches $40M Campaign for New Music Center

Lone Star Funds Acquires Office Building for $53/SF; University of Memphis Launches $40M Campaign for New Music Center

Lone Star Funds, LP, a Dallas-based private equity firm, recently purchased the four-story Lakecrest III office building for $6.9 million, according to the Memphis Business Journal. Acquired from Management & Research LLC, the office building spans across 130,593 square feet, from which, 48,000 square feet aren’t leased.…

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Ole Miss Develops $69M Basketball Arena, U of Memphis Builds $62M Student Rec Center

Ole Miss Develops $69M Basketball Arena, U of Memphis Builds $62M Student Rec Center

Privately owned construction company BL Harbert International has announced receiving a $68.9 million contract to build the University of Mississippi Arena, the new home of the Ole Miss Basketball Teams.…

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Oakhaven Apartments Sold for $2.5M; Owner Files $22M Loan on Collierville Community

Oakhaven Apartments Sold for $2.5M; Owner Files $22M Loan on Collierville Community

Somerset Park Apartment Homes, a 496-unit apartment community in Oakhaven has been recently sold for $2.5 million…

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100-Bed Methodist Olive Branch Hospital Awarded LEED Gold

100-Bed Methodist Olive Branch Hospital Awarded LEED Gold

Methodist Olive Branch Hospital has become the first in-patient healthcare facility in the US to attain LEED for Healthcare Gold Certification, announced Methodist Healthcare.…

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Crosstown to Redevelop Historic Retail Complex for $180M

Crosstown to Redevelop Historic Retail Complex for $180M

It’s the time for massive redevelopment projects in Memphis it seems. Following the March announcement of the $100 million renovation of the iconic Union Planters Building, that will see the 792,000-square-foot office building turned into a hotel and upscale apartments, the Bluff City is now seeing the massive redevelopment of…

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Michael Lightman Realty Builds $7M Retail Center in Olive Branch; Bartlett Warehouse Sold for $2.2M

Michael Lightman Realty Builds $7M Retail Center in Olive Branch; Bartlett Warehouse Sold for $2.2M

Oliver Branch is set for a new shopping center, courtesy of Michael Lightman Realty Co…

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Michael Lightman Realty Plans $35M Expansion for Apartment Property; $67M Foreclosed Condo Tower Goes On the Market

Michael Lightman Realty Plans $35M Expansion for Apartment Property; $67M Foreclosed Condo Tower Goes On the Market

901-unit Fieldstone Apartments is set for $35 million expansion, which will add over 300 units to the 3333 Hacks Road community, making it the largest apartment community in Memphis…

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