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Posts from September 2003

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September
17

Brentwood, Tenn. - Crye-Leike Commercial of Brentwood, Tenn. has sold a 35-industrial acre site in LaVergne, Tenn. to 84 Lumber, the nation's largest privately-held building-materials supplier headquartered in Eighty Four, Pennsylvania.

Commercial sales associate John Sims of Crye-Leike Commercial in Brentwood, Tenn. represented the sellers, Steve and Terry Hawkins of Columbia, in the $750,000 sale. 84 Lumber was represented by Larry Beadle of Nai Mathews Parnters in Nashville, Tenn.

84 Lumber purchased the property with plans to build a truss company, retail service center, or a lumber yard.

The property is located at the end of the industrial park on Wheeler Avenue in LaVergne, Tenn. and is situated next to the railroad tracks.

84 Lumber is a low-cost provider of lumber and building materials. Through more than 450 stores and 12 components plants, the company sells lumber, siding, drywalls, windows, and other supplies, as well as ki...

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September
15

Little Rock, Ark. -  Crye-Leike, the nation's 10th largest real estate company, has begun construction of a new state of the art facility for its Hot Springs branch office, a move accelerated by the office's exponential growth over its first 10 months in operation.

Crye-Leike's new Hot Springs office will be located on the most popular corridor of Hot Springs at 1428 Central Avenue or State Highway 7, approximately 1.5 miles south of Oaklawn Race Track. It will occupy 6,000 square feet of the 13,000 sq. ft. strip center being erected, accommodating up to 45 sales associates.

Crye-Leike is currently running sales operations at its 4760 Central Avenue location where they have already outgrown the space in less than a year since first opening its doors in November 2002.

"When we acquired Prudential Lakefront Real Estate last November, we had intentions to move the current office to a bigger location to increase our agent base, but never dreamed that...

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September
15

Nashville, Tenn. - A total of 27 Crye-Leike sales associates in the Greater Nashville area recently completed a highly-specialized training course on marketing new homes offered by Crye-Leike Builder Resources, the new homes division of Crye-Leike, the nation's 10th largest real estate company.

Those Crye-Leike sales associates who graduated are:

Leslie Bermudez, David Lorenz, Kelley Snead, and Jon Young, all of Crye-Leike's Brentwood East branch office;

Janell Hall of Crye-Leike's Brentwood West branch office;

Amanda Masters, Wendy Tomme, and Joe W. White, all of Crye-Leike's Franklin-Cool Springs branch office;

Lori Davis of Crye-Leike's Goodlettsville branch office;

Ed Chaney, Cathy Garshnick, Michael J. Isle, and Amanda Peterman, all of Crye-Leike's Hendersonville branch office;

Ron Gabriel, Roy Napper, Shirley Shoemaker, and David Tomlin, all of Crye-Leike's Hermitage branch office;

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September
8

Written by Kate Miller Morton

 

Memphis, Tenn. - From closing costs to interior upgrades to new appliances, homebuilders are increasingly contributing to the start-up costs of home buying.

Once the purview of volume builders only, bonuses have become an expected part of the bargaining for entry level home buyers and similar incentives are creeping into higher end homes.

Reeves-Williams LLC vice president Martha Fondren says the company's bonuses usually range between $8,500 and $10,000, depending on the location and price of the house. Bonuses can go as high as $15,000, which is now being offered in the nearly completed Cumberland subdivision where the company is anxious to finish construction and move on to the next project.

Fondren says the company has always offered special programs, but bonuses have become important in the last three or four years. She attributes their rise to the fall in the typical home buyer's sav...

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September
8

Little Rock, Ark. -  One of Little Rock's leading real estate companies in Maumelle has joined Crye-Leike, Realtors, the nation's 10th largest real estate company.

The announcement was made by Chief Executive Officer Harold E. Crye, who obtained managing broker Mary Peyton to manage a Crye-Leike office in Maumelle, the company's 10th branch office in Arkansas and its fourth office in Pulaski County.

Crye says that this new Crye-Leike office in Maumelle is one of the key components to the company's strategy to establish market penetration in the entire Central Arkansas real estate market.

"Having an office in Maumelle will strengthen our presence in the markets of transferees and executives," says Crye.

Peyton became affiliated with the Century 21 franchise system in 1990. "When my franchise agreement came up for renewal, I didn't want to renew my real estate franchise with Century 21," says Peyton. "We were looking for an organizatio...

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