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Memphis


Dawn Properties Acquires Memphis’ Long-Stalled Apt. Highrise for $13.5M

Dawn Properties Acquires Memphis’ Long-Stalled Apt. Highrise for $13.5M

Cushman & Wakefield recently made public that they brokered the acquisition of Memphis’ Horizon, a 16-story, 155-unit high-rise that has remained unfinished for more than six years due to the financial crisis of 2008.…

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Old Dominion Prepares for Grand Opening of Whitehaven Service Center

Old Dominion Prepares for Grand Opening of Whitehaven Service Center

Old Dominion Freight Line, Inc. is celebrating as it is preparing for the opening of their new Whitehaven service center on October 20th. The 267-door facility will provide direct service to western Tennessee – Memphis, Millington, Bartlett and Somerville – to east Arkansas – West Memphis, Wynne and Forrest City…

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266 Developer Moving Forward with Mixed-Use Project for Downtown Memphis

266 Developer Moving Forward with Mixed-Use Project for Downtown Memphis

Downtown Memphis might become home to a new, mixed-use project at the southeast corner of Dr. Martin Luther King Jr. Avenue and South Front Street. Operating under an entity called 266 Developer, LLC, Robert Mallory, John Dicken and Vince Smith have just made a request for a 10-year payment in-lieu-of-tax…

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Hillwood Investment Moving Ahead with $165M Legacy Park; Tennessee Receives $28M in CDBG

Hillwood Investment Moving Ahead with $165M Legacy Park; Tennessee Receives $28M in CDBG

Hillwood Investment Properties is moving forward with plans to develop Legacy Park, a $165 million, 265-acre distribution and business complex on the south side of Goodman Road, according to the Memphis Daily News.…

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McNeill Commercial Starts Preparations for $150M M-U Development in Germantown; Independence Realty Trust Acquires Cordova’s Property

McNeill Commercial Starts Preparations for $150M M-U Development in Germantown; Independence Realty Trust Acquires Cordova’s Property

By Liviu Oltean, Associate Editor McNeill Commercial Real Estate recently acquired 19 acres of land in Germantown for the development of a $150 million mixed-use complex. The project, carrying the name Thornwood, will be located at the northeast corner of Neshoba Road and South Germantown Road, according to the Memphis…

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Oberdier Ressmeyer Entity Buys Cancer Center for Nearly $6M; Henry Turley Expands Apartments with $8.1M Investment

Oberdier Ressmeyer Entity Buys Cancer Center for Nearly $6M; Henry Turley Expands Apartments with $8.1M Investment

Memphis West Clinic LLC, an entity belonging to law firm Oberdier Ressmeyer LLP, recently purchased The West Clinic cancer center at 1580 Union Ave. and two vacant parcels for approximately $6 million. As reported by the Memphis Daily News, the seller was TN MS Owner DST, which had acquired the…

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South Main Artspace Lofts’ Repositioning Plan Moves Forward

South Main Artspace Lofts’ Repositioning Plan Moves Forward

Artspace, a longtime advocate for artist’s space needs turned developer, recently announced that it is ready to move forward with the long-awaited repositioning of the 87,625-square-foot brick South Main Artspace Lofts building at 138 S. Paul Avenue.…

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Dan Walker Proceeds with Plans in 7.6-Acre Business Park in Memphis; Tennessee Plans $70M Veterans’ Nursing Home for Shelby County

Dan Walker Proceeds with Plans in 7.6-Acre Business Park in Memphis; Tennessee Plans $70M Veterans’ Nursing Home for Shelby County

Memphis-based Dan Walker Associates Inc. is moving ahead with plans for the development of a new large office building park, according to the Memphis Business Journal.…

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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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