State: Tennessee - TN

Industrial Logistics Properties Trust has paid $100 million for a portfolio of three industrial properties with 1.29 million square feet in the Memphis, Tenn., area. The Newton, Mass., REIT, which is managed by RMR Group, bought the three buildings from ...

Commercial Real Estate Direct Staff Report Highwoods Properties Inc. has sold Crescent Center, a 356,000-square-foot office building in Memphis, Tenn., for $67.5 million, or $189.61/sf. An investment group bought the property, which Highwoods had purchased in 2010 for $52.6 million. CBRE ...

Knighthead Funding has provided $33 million of construction financing for Pie Town, a proposed residential project at 629 7th Ave. South in Nashville, Tenn. The property is being planned for a one-acre site in the city's Pie Town area, in ...

Commercial Real Estate Direct Staff Report Blue Magma Residential LLC has paid $88 million, or $87,824/unit, for the 1,002-unit Waterview Apartment Homes in Memphis, Tenn. The Tampa, Fla., real estate investor bought the property from CapREIT Inc. of Rockville, Md. ...

A venture of Ramsfield Hospitality Finance and funds managed by CarVal Investors has provided $135.2 million of mortgage financing against a portfolio of 11 Hilton-branded hotels owned by Cooper Hotels, refinancing a $101.94 million CMBS loan that had matured. The ...

Hamilton Zanze has paid $46.5 million, or $203,947/unit, for the 228-unit Retreat at Arden Village apartment property in Columbia, Tenn., a Nashville, Tenn., suburb. The San Francisco company bought the complex from Ram Partners of Atlanta in a deal brokered ...

Preferred Apartment Communities Inc. has acquired the Anson, a recently completed 301-unit apartment property in Nashville, Tenn. The Atlanta REIT bought the property, at 950 Brittany Park Drive, from its developer, Oxford Properties, also of Atlanta. It acquired the property ...

Commercial Real Estate Direct Staff Report Keppel Pacific Oak US REIT has paid $105.1 million for two fully leased office properties with a combined 385,425 square feet in Colorado and Tennessee. The Singapore company acquired 105 Edgeview Drive, with 186,231 ...

The Clark Tower, a 675,505-square-foot office building in Memphis, Tenn., has been sold for $38.12 million, or $56.44/sf, resulting in the near total wipe-out of a $60.75 million CMBS loan that it had backed. The loss was driven by the ...