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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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Deal to Sell AutoZone Has $20M Price Tag and $20M Improvements Commitment

Deal to Sell AutoZone Has $20M Price Tag and $20M Improvements Commitment

Things are heating up the Bluff City with what could be the most high-impact deal for the city reaching the 11th hour: the sale of the AutoZone Park and Memphis Redbirds minor league baseball team and franchise.…

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Paramount Lodging Advisors Closes Sale of 118-Key Memphis Hotel

Paramount Lodging Advisors Closes Sale of 118-Key Memphis Hotel

Paramount Lodging Advisors (PLA) completed the sale of the 118-key Drury Inn & Suites Northeast Memphis on behalf of DSW Inns, LLC, announced the hospitality industry-centric brokerage and advisory firm.…

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Lodging Capital Partners and Lubert-Adler Team Up On Embassy Suites Memphis Acquisition

Lodging Capital Partners and Lubert-Adler Team Up On Embassy Suites Memphis Acquisition

Real estate investment banking firm RobertDouglas announced it has advised Chicago-based Lodging Capital Partners LLC and Philadelphia-based Lubert-Adler Management Co. on the $22.6 million acquisition financing of the 220-key Embassy Suites Memphis.…

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Olymbec Pays $23M for 1.8M SF Industrial Park

Olymbec Pays $23M for 1.8M SF Industrial Park

Olymbec USA, part of Canadian commercial and residential real estate owner and manager Olymbec, has announced the acquisition of Bellbrook, a 1.8 million square-foot industrial park located at the intersection of Brooks Road and I-55, next to the Olymbec-owned Space Center Industrial Portfolio, within the heart of the Memphis’ distribution…

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Growth Properties Hospitality Management to Manage Memphis Airport Hotel & Conference Center

Growth Properties Hospitality Management to Manage Memphis Airport Hotel & Conference Center

Bensalem, Pennsylvania-based Growth Properties Hospitality Management has announced striking a deal for providing management services to the Memphis Airport Hotel & Conference Center, a 374-key hotel near Memphis International Airport.…

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Memphis Partnership Pays $454K for 42-Unit Apt. Property

Memphis Partnership Pays $454K for 42-Unit Apt. Property

For some vintage is irresistible. That seems to be the case for a Memphis partnership that just purchased the 1936-built Alta Vista apartments.…

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