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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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Exeter Affiliates Buy $43M of Industrial Space in Memphis

Exeter Affiliates Buy $43M of Industrial Space in Memphis

The Memphis industrial market recently became red-hot with the $43 million sale of an industrial portfolio.…

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Full House Pays $62M for Metro Memphis Casino

Full House Pays $62M for Metro Memphis Casino

Full House Resorts, Inc. a locals-oriented, regional casino gaming company, has announced entering into a definitive agreement with The Majestic Star Casino LLC to purchase Fitzgerald’s Casino for $62 million.…

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Construction Starts on $14.5M Orpheum Performing Arts Center

Construction Starts on $14.5M Orpheum Performing Arts Center

The Orpheum Centre for Performing Arts and Education has broken ground in downtown Memphis, announced parent company Memphis Development Foundation and the Greater Memphis Chamber.…

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Global Ministries Acquires Low-Income Senior Housing for $12M

Global Ministries Acquires Low-Income Senior Housing for $12M

Global Ministries Fellowship (GMF), a faith-based relief and development group, has purchased the 396-unit Serenity Towers in Memphis, which serves low-income elderly and disabled residents, mostly family households.…

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Property Asset Management Affiliates Purchase Property, Files Loan in Memphis Market

Property Asset Management Affiliates Purchase Property, Files Loan in Memphis Market

Collier Village Apartments, a 100-unit Class C multifamily property in Collierville has sold for $4.4 million…

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Downtown Office Hi-Rise to be Redeveloped into Hotel, Apartments in $100M Project

Downtown Office Hi-Rise to be Redeveloped into Hotel, Apartments in $100M Project

100 North Main, the iconic downtown office building formerly known as the Union Planters Building is officially headed for redevelopment.…

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Memphis Airport Embarks on $114M Modernization Plan

Memphis Airport Embarks on $114M Modernization Plan

Times they are a-changing in the air travel industry and Memphis International Airport s following suit.…

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Architects Convert Church, Apartment Developers Eye New Project in Downtown

Architects Convert Church, Apartment Developers Eye New Project in Downtown

The Memphis apartment market has been doing quite well recently, coming off its fourth consecutive year of positive demand, with 1,690 apartments absorbed in 2013 as well as overall rent growth of 1.5 percent…

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