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Real Estate
The Lake District sale receives no bidders, goes back to lender
The Lake District mixed-use development is back in the hands of the lender. The Lakeland property received no bidders during a Tuesday afternoon foreclosure sale auction that took place on the steps of the Shelby County Courthouse in Downtown Memphis. Locke Waldrop of the Memphis law firm Baker, Donelson, Bearman,...
Court halts Graceland sale; company withdraws claim
MEMPHIS, Tenn. — A Shelby County judge issued an injunction Wednesday halting the sale of the Graceland estate, which was set for a foreclosure auction Thursday, prompting the company involved to withdraw its claim. “The court will enjoin the sale as requested because, one, the real estate is considered unique under Tennessee law. And in […]
Tennessee Judge Halts Foreclosure Sale Of Graceland Estate
The courts have made a temporary decision in the case of Graceland. A Shelby County judge halted the foreclosure sale of the estate after having a hearing on Wednesday. It was originally set for foreclosure auction on Thursday. A Shelby County judge issued an injunction preventing this sale from proceeding....
“No harm meant”: Company withdraws claim after court halts Graceland foreclosure sale
MEMPHIS, Tenn. — A Shelby County judge issued an injunction Wednesday halting the sale of the Graceland estate, which was set for a foreclosure auction Thursday, prompting the company involved to withdraw its claim. “The court will enjoin the sale as requested because, one, the real estate is considered unique under Tennessee law. And in […]
Which Memphis suburb has the highest home prices so far in 2024? Here's how they rank
Collierville led the six Shelby County suburban municipalities in most homes sold and highest median home sales price during the first quarter of 2024, according to Memphis Area Association of Realtors’ data. Collierville saw 185 homes sold from January to March 2024, compared to 163 homes in the same period last year — a 13.5% increase. The town's median sales price rose 4.8%, going from $499,500 to $523,310. ...
Bartlett's first mixed-use project brings more housing options to city
Good morning, Memphis! This is Features and Business Editor Erin Munz, and you're reading the Daily Briefing, our one-stop digital shop for the best Memphis stories from our award-winning Commercial Appeal team. Work is underway on Bartlett's first mixed-use development. ...
How the Union Depot project in Bartlett will fill a void in the city's housing market
Work is underway on Bartlett's first mixed-use development. The Union Depot, which is being built by development firm Blue Sky Communities, is led by local developer Keith Grant of Grant & Co. Builders, a Collierville-based homebuilding firm that also owns Blue Sky Communities. The 74-acre project site is located off U.S. 70 at Stage...
Looking to buy a home in Tennessee? These counties are selling the most homes under asking price
Thinking about buying a house in Tennessee? You may want to consider the likelihood of getting the house for less than asked for. Stacker, a data-driven news organization, compiled data from Redfin, a real estate company, for the month of March in Tennessee. From these numbers, Stacker was able to determine the "counties with the most homes selling under list price in Tennessee." ...
What Memphis neighborhoods have seen the most home sales in 2024? Here's how they rank
Most Memphis neighborhoods saw an increase in the number homes sold in the first quarter of 2024 compared to the same period last year, according to data released by Memphis Area Association of Realtors. It was a big quarter for many neighborhoods: Six saw an increase of more than 21% in the number of units sold. ...
The Lake District may still face auction despite reaching deal to settle debts. Here's why
The Lake District mixed-use development in Lakeland could still be put up for auction. In an email to The Commercial Appeal, Lakeland Mayor Josh Roman said The Lake District's developer, Yehuda Netanel, was given a two-week extension to secure funding to pay off his outstanding debt. Roman said from his understanding Netanel is hoping for a refinancing closing on May 13. ...
How a pop-up program helped Carriage Crossing land eclectic mix of new tenants
One of the creative initiatives Edwards Realty Company implemented to help attract new tenants to The Shops at Carriage Crossing was the firm’s Pop Local program. Edwards Realty, which was one of two companies that partnered to purchase the Collierville shopping center in March 2023 for $25 million, established Pop Local in 2020 in other shopping centers it owns. The program was created to provide local small business owners and entrepreneurs the opportunity to test out their...
With part of the former Commercial Appeal building sold, what's next for the site?
Well, it finally happened. A portion of the former Commercial Appeal building has been sold. California-based Global Storage Partners has purchased the warehouse portion of the building at 495 Union Ave. Global purchased part of the recently subdivided site for $3.7 million under the entity Global Memphis Beale LLC. On...
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