Commercial Real Estate in Memphis and our Galaxy

Home sales up 2.1% in April

From the Memphis Business Journal:

Memphis area home sales for April increased 2.1 percent compared to sales in April 2005, according to the Memphis Area Association of Realtors. The numbers as reported by the Multiple Listing Service showed 1,497 home sales in April 2006 compared to 1,466 in April 2005. The average home sale price in April this year was up slightly to $166,900 from $165,500 in the same month during 2005. Read more »

May 16, 2006 Posted by Will Hicks | Memphis, Tennessee | | No Comments Yet

Cordova High-Rise sells for $19.3 Million

From today's The Daily News:

Hart Cordova LLC has purchased a high-rise office at 7000 Goodlett Farms Parkway from GBS GP for $19.3 million. Built in 1997, the 131,556-square-foot, five-story building sits on 8.47 acres at the northwest corner of Goodlett Farms Parkway and Charles Bryan Road…The county assessor's 2006 appraisal was $12.4 million. Read more »

May 16, 2006 Posted by Will Hicks | Memphis, Tennessee | | No Comments Yet

Uri Gellar buys Elvis Presleys’ old house.

I heard on the radio this morning about Uri Gellar buying Elvis Presleys' house not named Graceland. I found the whole story online at The New York Post, because our local Commercial Appeal didn't have the story yet.

"Psychic" Uri Geller and two partners have bought the Tennessee house Elvis Presley lived in before moving to Graceland, with a winning bid of $905,100 on eBay, he said yesterday. Read more »

May 16, 2006 Posted by Will Hicks | Memphis, Tennessee | | No Comments Yet