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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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Tax Credit Housing Gets $14M Financing From Magna Bank and Metropolitan Bank

Tax Credit Housing Gets $14M Financing From Magna Bank and Metropolitan Bank

Magna Bank and Metropolitan Bank have engaged in $14 million of financing for the Second Phase of Crescent Bluff Apartments affordable housing project in the South Main district of Memphis, announced developer Elmington Capital Group…

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Trade Street Residential Pays $44M for Memphis Luxury Apartments

Trade Street Residential Pays $44M for Memphis Luxury Apartments

Florida-based Trade Street Residential, Inc. has announced the acquisition of the 330-unit Miller Creek at Germantown luxury apartment community for $43.8 million from LIV Development LLC - formerly known as Red Mountain Development.…

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Crescent Bluff Apartments to Add 172-Unit Second Phase

Crescent Bluff Apartments to Add 172-Unit Second Phase

Downtown Memphis is set to see new apartment development, with Phase II of Crescent Bluff Apartments, which will add 172 new units to the existing 72 of Phase I…

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Hotel Equities Selected to Manage 96-Key Courtyard by Marriot in East Memphis

Hotel Equities Selected to Manage 96-Key Courtyard by Marriot in East Memphis

Atlanta-based Hotel Equities has announced being appointed manager of the 96-key, three-story Courtyard Memphis East/Bill Morris Parkway, located on East Kirby Parkway.…

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