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Memphis-area home sales for August increased 10.3 percent from a year ago, with 1,942 total sales recorded in the Memphis Area Association of REALTORS®MAARdata property records database. Sales were up 11.2 percent from July when there were 1,747 total sales. Average sales price from August-to-August was up 4.4 percent, at $183,175. Inventory decreased 2.1 percent, with 4,713 units listed for sale. Year-to-Date sales volume was up 13.7 percent at $2.24 billion.

Proffitt Dixon Partners, a Charlotte-based multifamily investment and development firm, said today Peyton Stakes is nearing completion in Nashville and their first residents began moving in last week. The apartment community is comprised of 249 units between two connected buildings.

JLL has been hired by Schneider Electric, the global specialist in energy management and automation, to provide project management services for its new office space located at Two Franklin Park, 6700 Tower Circle, just outside Nashville

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 5555 Edmondson Pike in Nashville, Tennessee for $6,926,345. The 15,680 square foot Walgreens building is strategically located at the signalized intersection of Old Hickory Boulevard and Edmondson Pike.

Passco Companies, LLC has acquired The Lexington Apartments, a 598-unit, Class-A garden-style multifamily community located in the Bellevue submarket of Nashville, Tennessee for $93.5 million, according to Colin Gillis, Passco Companies’ Director of Acquisitions, Southeast

The Preiss Company has been selected by Stonemont Financial Group to manage The Station at Martin, a 384-bed student housing community serving The University of Tennessee at Martin. This marks the 15th new property management assignment for The Preiss Company in the past nine months, including the second community in the state of Tennessee.

Moody National REIT I, Inc. (Moody REIT I), a public, non-traded REIT, recently agreed to acquire a hotel in Nashville, Tennessee for $66.3 million, excluding acquisition costs.

Niedergeses Landscape LLC today announced the launch of www.nland.biz as an informational portal that features educational resources on subjects such as property value benefits from landscaping, hardscaping and spring and fall cleanups, and many other helpful tips that can save you thousands of dollars in the Columbia Area

Memphis-area home sales for March increased 5.1 percent from a year ago, with 1,270 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database.