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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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New Owners to Develop 450-Key Hotel at Graceland; Motel Sold by Developers

New Owners to Develop 450-Key Hotel at Graceland; Motel Sold by Developers

Graceland is about the get a major expansion.…

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64-Unit Hedgemoor Square, 161-Unit Heritage Place Sold to Out-of-Town Investors

64-Unit Hedgemoor Square, 161-Unit Heritage Place Sold to Out-of-Town Investors

Hedgemoor Square Apartments, a 64-unit East Memphis multifamily asset has been purchased by an affiliate of St. Louis-based Gateway Commercial for $3.6 million…

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CWCapital Affiliates Buy 2 Foreclosed Office Buildings for $6.1M

CWCapital Affiliates Buy 2 Foreclosed Office Buildings for $6.1M

Two buildings in Lenox Park, 3175 Lenox Park Drive and 6625 Lenox Park Drive have sold for $6.1 million following a foreclosure…

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Courtyard Memphis Airport Completes Renovation; Manager Appointed to Wolfchase Galleria Holiday Inn

Courtyard Memphis Airport Completes Renovation; Manager Appointed to Wolfchase Galleria Holiday Inn

By Eliza Theiss, Associate Editor Courtyard Memphis Airport has announced the completion of guestroom renovations. The 145-key hotel upgraded its 131 rooms and 14 suites to a contemporary design that offers comfort, flexibility and a sleek style. The new room designs hybrid work, sleep and relax zones, indirect lighting and…

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Making Inroads into Memphis, CLK Properties Buys 118-Unit Pinnacle Apartments for $3.8M

Making Inroads into Memphis, CLK Properties Buys 118-Unit Pinnacle Apartments for $3.8M

New York real estate firm CLK Properties has picked up yet another Memphis apartment, hot on the heels of its March purchase of Georgian Woods.…

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