State: Tennessee - TN

A venture of Ramsfield Hospitality Finance and funds managed by CarVal Investors has purchased a $31.48 million mezzanine loan supported by a portfolio of 11 Hilton-branded hotels with 2,034 rooms in Tennessee, Florida and Michigan. The loan was purchased from ...

Covenant Capital Group has paid $32 million, or $108,108/unit, for the 296-unit Radius Mountain Creek apartment complex in Chattanooga, Tenn. The Nashville, Tenn., investment manager bought the 49-year-old property from Radco Cos. of Atlanta in a deal brokered by CBRE. ...

Magma Equities has paid $27 million, or $139,175/unit, for the 194-unit Charleston Hall Apartments in Smyrna, Tenn. The Manhattan Beach, Calif., apartment specialist, which targets class-B properties that it repositions, bought the 34-year-old property from Hunter Adams, a local investor ...

Westmount Realty Capital has paid $30.9 million, or $43.54/sf, for 245 Couchville Industrial Blvd., a 709,652-square-foot distribution facility in suburban Nashville, Tenn. The Dallas investment manager bought the fully leased property in Mt. Juliet, Tenn., some 30 miles east of ...

Commercial Real Estate Direct Staff Report Southwest Value Partners has paid $56 million, or $448,000/room, for the 125-room Union Station hotel in Nashville, Tenn. The San Diego developer acquired the property from Pebblebrook Hotel Trust, a Bethesda, Md., REIT, that ...

Grandbridge Real Estate Capital has originated a $26.04 million loan to help fund Dominion Group's $35 million, or $145,833/unit, purchase of the 240-unit Standifer Place apartment complex in Chattanooga, Tenn. The 10-year loan requires only interest payments for the first ...

Memphis Business Journal Scannell Properties this week broke ground on a 1 million-square-foot warehouse in Horn Lake, Miss., about 17.5 miles south of Memphis, Tenn. The project, which is being built speculatively, is going up on a 92-acre site at ...

Memphis Business Journal Robinson Weeks Partners recently purchased a 23-acre development site for a 320,000-square-foot warehouse in Memphis, Tenn. The Atlanta firm is building the industrial project at 6099 Global Drive. It's being developed on a speculative basis. Cushman & ...

Commercial Real Estate Direct Staff Report The 247-room Hutton Hotel in Nashville, Tenn., was sold by Watermark Lodging Trust for $70 million, or $283,400/room. As reported, the Chicago REIT, whose shares do not trade on any exchange, sold the property to ...