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Editorial Results (free)

1. Tennessee Now Seeks to Renovate Cordell Hull Building -

NASHVILLE (AP) – Gov. Bill Haslam's administration is backing off earlier plans to demolish the 60-year-old Cordell Hull office building located next to the state Capitol in Nashville and instead hopes to renovate it.

2. Lenox Park Professional Buildings Sell for $6.1 Million -

The Lenox Park Professional Buildings A and B at 3175 Lenox Park Drive and 6625 Lenox Park Drive have sold for a combined $6.1 million following a foreclosure.

3. Pahlow Wins Broker of the Year -

After enduring early struggles in his commercial real estate career, Scott Pahlow has reached the top of his industry.

Pahlow, an executive vice president with Newmark Grubb Memphis, was named Commercial Broker of the Year Thursday night at the Memphis Area Association of Realtors Commercial Council’s 13th annual Pinnacle Awards gala.

4. ‘Champion of Working Man’ Rep. Turner Set to Retire -

State Rep. and Nashville Democrat Mike Turner is retiring from the General Assembly and considering a run for mayor.

5. Audit Critical of Company Hired to Manage Assets -

NASHVILLE (AP) – Tennessee Gov. Bill Haslam says the state has benefited from a company hired to manage its assets, despite a comptroller's report that suggests the company may have benefited from its own advice, creating a conflict of interest.

6. Overton Square Bogie's Closed by State -

The Bogie’s Delicatessen at 2098 Lasalle Place in Overton Square has been closed by the state for failure to pay taxes.

7. Overton Square Bogie’s Closed by State -

The Bogie’s Delicatessen at 2098 Lasalle Place in Overton Square has been closed by the state for failure to pay taxes.

8. State Architect Named to Head General Services -

NASHVILLE (AP) – Gov. Bill Haslam has named Robert E. Oglesby to become the new commissioner of the state Department of General Services.

Oglesby, who currently serves as state architect, will replace Steve Cates, who is leaving the Cabinet on Aug. 20 to return to private business.

9. State Delays Office Lease Announcement -

Groups hoping to garner the state’s real estate needs Downtown will have to wait a little longer to find out if they placed the winning bid.

The state had originally planned to issue a notice of awarding the lease for its office space needs Tuesday, July 23, but that date has been changed to Aug. 19, when the executive subcommittee of the State Building Commission meets.

10. Six Bids Taken as State Looks to Lease Office Space -

The state has taken six sealed bids on Nashville office space with the intent of moving workers out of the state-owned Cordell Hull Building.

The Tennessean reported among the bids are those from Lifeway Christian Resources and Bellsouth Telecommunications LLC.

11. LeSaint Logistics Leases Space Near Airport -

LeSaint Logistics LLC is entering the Memphis market, having recently leased 57,285 square feet at 3300 Jet Cove.

12. Five Groups Bid for State Office Space -

Five groups have submitted bids to become the new home to roughly 900 state workers.

JP-Memphis, Memphis Commerce Square Partners, Peabody Tower GP, Peabody Place Gold GP and Hertz Memphis all submitted bids for the state’s real estate needs.

13. Deadline Arrives for State’s Office Space Needs -

The future of the state’s role as a major employer and user of office space Downtown could become much clearer next month.

Proposals are due Tuesday, July 2, for 100,000 square feet of office space that will become vacant when the state abandons the Donnelly J. Hill State Office Building Downtown.

14. Jamesbridge Apartments Sell for $3.6 Million -

3689 James Road Memphis, TN 38128

Sale Amount: $3.6 million

Sale Date: June 6, 2013

15. The Ghost Of Claude Rains -

SHOCKED, SHOCKED. You know who Claude Rains was, don’t you? Played Captain Renault in the 1942 classic “Casablanca”?

Sure you do.

You remember what the corrupt Captain said when he closed the casino – where he gambled every night – in Rick’s Café Américain, “I’m shocked, shocked to find that gambling is going on in here!”

16. Jamesbridge Apartments Sell for $3.6 Million -

A California company has bought the 432-unit Jamesbridge Apartments at 3689 James Road in Raleigh for $3.6 million.

17. Private Firm to Benefit From State Leases -

NASHVILLE, Tenn. (AP) — A real estate services firm that recommended Tennessee unload some state office buildings stands to benefit from helping the state lease space in the private market.

18. State Zeros in on Downtown Office Space -

The future of the state’s role as a major employer and user of office space Downtown could become much clearer this week.

Proposals are due Thursday, May 16, for 100,000 square feet of office space that will become vacant when the state abandons the Donnelley J. Hill State Office Building Downtown. A recent request for proposals from the agency that handles state real estate appears to put the state’s focus entirely on Downtown.

19. Esrael Celebrates 30 Years at First South Financial -

Even as a young man right out of graduate school, Craig Esrael knew how to spot an opportunity.

Three decades later, the president and CEO of First South Financial still sees value in banking on a smaller scale.

20. U of M Files Permit for New Residence -

3615 Central Ave. Memphis, TN 38111

Permit Cost: $43.5 million

Project Cost: $53 million

21. Jamesbridge Apartments Sells for $7.2 Million in Foreclosure -

The 432-unit Jamesbridge apartments at 3689 James Road in Raleigh sold to a special servicer for $7.2 million after a foreclosure.

22. Foreclosure Notice Filed on Jamesbridge Apartments -

A first-run foreclosure notice has been filed against the owner of the 432-unit Jamesbridge apartments at 3689 James Road in Raleigh.

23. Changing Market -

Much of 2012’s commercial real estate deals could be summed up in one of three phrases: speculative construction, institutional buyers and unusual transactions.

The first quarter was kicked off when Industrial Developments International Inc. revealed plans to add one build-to-suit and two speculative buildings in its Crossroads Distribution Center in Olive Branch – marking the area’s first spec construction since 2008.

24. Makowsky Ringel Greenberg Beefs Up Commercial Team -

Makowsky Ringel Greenberg LLC is sharpening the focus of its commercial real estate division to stabilize its existing portfolio as well as build its third-party brokerage in the Memphis market.

25. High-Stakes Game -

At week’s end, International Paper Co. appeared ready to move forward with officially applying for a package of tax incentives as part of a plan to expand the company’s headquarters in the city.

26. High-Stakes Game -

At week’s end, International Paper Co. appeared ready to move forward with officially applying for a package of tax incentives as part of a plan to expand the company’s headquarters in the city.

27. Firm Selected to Market Mall of Memphis Site -

The local office of Jones Lang LaSalle has been selected to market the former Mall of Memphis property for industrial tenants.

Johnson Development Associates Inc. closed in April on the 113-acre site in the southwest quadrant of Interstate 240 and Perkins Road for $2.7 million. The Spartanburg, S.C.-based developer plans to build an industrial park called Aerotropolis Logistics Park that can accommodate two or more speculative or build-to-suit facilities of up to 1.2 million square feet.

28. Two Lenox Park Buildings Facing Foreclosure -

Lenox Park Professional Buildings A and B are facing a foreclosure sale after the properties’ owners defaulted on a 2007 loan for $17.3 million, according to a foreclosure notice in The Daily News’ Wednesday, Nov. 7, edition.

29. Hampton Inn Southwind in Foreclosure -

The Hampton Inn Memphis-Southwind hotel, 3579 Hacks Cross Road, is in foreclosure after its Memphis-based ownership group defaulted on an $11.5 million loan.

30. Board of Bankrupt Pinnacle Airlines Gets Update on Headquarters Costs -

Pinnacle Airlines Corp.'s board opened a two-day meeting Wednesday, but isn't expected to decide yet whether to keep company headquarters in Memphis.

31. Two Lenox Park Bldgs. in Foreclosure -

Two buildings in the Lenox Park office complex are facing a foreclosure sale after the properties’ owners defaulted on a 2007 loan for $17.3 million, according to a first-run foreclosure notice in The Daily News’ Friday, July 27, edition.

32. Cordova’s Appling Lakes Sells for $26 Million -

1385 Appling Road
Cordova, TN 38016
Sale Total: $26.4 million (27 TIC sellers)

33. Shops at Laurelwood Sells in Foreclosure -

Perkins Laurelwood LLC has bought back the Shops of Laurelwood, a Class A shopping center on Perkins Road Extended, for $1 million after it initiated foreclosure proceedings last month.

34. Shops of Laurelwood in Foreclosure -

A first-run foreclosure notice has been filed for the Shops of Laurelwood, a Class A shopping center on Perkins Road Extended, after property owner Z Investments LLC defaulted on a $1.7 million loan through LaSalle Bank. The notice was published in the Tuesday, April 17, edition of The Daily News.

35. J.C. Penney Gets Rid of Hundreds of Sales -

NEW YORK (AP) – J.C. Penney is permanently marking down all of its merchandise by at least 40 percent so shoppers no longer have to wait for sales to get bargains.

Penney said Wednesday that it is getting rid of the hundreds of sales it offers each year in favor of a simpler approach to pricing. Starting on Feb. 1, the retailer is rolling out an "Every Day" pricing strategy with much fewer sales throughout the year.

36. Tubing Maker Doubles Space in Willow Lake -

A Memphis-based tubing supplier is renewing its lease and more than doubling its space in a distressed Hickory Hill industrial park.

Jacob Tubing LP – the U.S. subsidiary of European modular tubing manufacturer Jacob Soehne – has renewed its 10-year lease for 20,232 square feet and expanded into an additional 30,000 square feet at Willow Lake Business Park, 3948 Willow Lake Blvd., in the Southeast industrial submarket.

37. Lender Buys Willow Lake for $26M -

Willow Lake Business Park and Corporate Park in Hickory Hill sold back to the lender for $26 million Friday, Oct. 14, on the Shelby County Courthouse steps following a foreclosure.

A single-purpose entity named 198-6 Memphis Industrial Portfolio Holdings LLC, which is related to U.S. Bank NA, bought the property from substitute trustee R. Spencer Clift III of Baker, Donelson, Bearman, Caldwell & Berkowitz PC.

38. Willow Lake Foreclosure Sale Slated for Oct. 14 -

The foreclosure sale of the 17-building, mixed-use Willow Lake Business Park and Corporate Park in Hickory Hill is slated for Friday, Oct. 14, at noon at the Shelby County Courthouse, 140 Adams Ave.

39. Trinity Place Sells For Third Time In Five Years -

A Cordova retail center is under new ownership for the third time in five years. Atlanta-based Altus Real Estate Advisors LLC has purchased Trinity Place, 7990 Trinity Road, for $2.8 million.

40. Foreclosure Notice Rerun for Willow Lake Park -

The planned foreclosure sale of the 17-building, mixed-use Willow Lake Business Park and Corporate Park in Hickory Hill has a new date: July 8, according to a first-run foreclosure notice in today’s Memphis Daily News and online at www.memphisdailynews.com.

41. MEPPI Buys Rivergate Park Acreage For Transformer Plant -

186.2 Acres In Rivergate Industrial Park
Sale Amount: $3.7 million
Sale Date: May 31, 2011

Buyer: Mitsubishi Electric Power Products Inc.
Seller: Belz Investco GP
Details: Warrendale, Pa.-based Mitsubishi Electric Power Products Inc. has bought three parcels in Rivergate Industrial Park from Belz Investco GP for $3.7 million. The deal closed May 31. The first parcel is 9.3 acres on the north side of Riverport Road (listed in the deed as Rivergate Road). It backs McKellar Lake, and the Shelby County Assessor of Property’s 2011 appraisal is $419,000. The second parcel is 63 acres on the south side of Riverport Road, appraised at $604,600. The third parcel is 113.9 acres on the north side of Riverport Road, wrapping around the 9.3-acre parcel and including an offshoot of McKellar Lake. Its 2011 appraisal is $769,600.
MEPPI announced in mid-February it would build a $200 million transformer manufacturing plant in Belz Enterprises Inc.-owned Rivergate Industrial Park.
In March, the Shelby County Commission and Memphis City Council each put in $1 million toward infrastructure financing for the project.

42. Bartlett Warehouses Sell for $15M in Foreclosure -

CMLT 2008-LS1 Wolf Lake Drive LLC, an entity affiliated with Miami Beach, Fla.-based LNR Partners LLC, has bought 10 parcels comprising 15 addresses in Bartlett Logistics Center at a foreclosure sale for $15 million. CMLT 2008-LS1 Wolf Lake Drive LLC was the current lender for the property.

43. Trademark Property Co.to Manage Saddle Creek -

Trademark Property Co. announced Monday it has been hired to lease and manage the Shops at Saddle Creek, Germantown’s 148,000-square-foot lifestyle center at Poplar Avenue and Germantown Road.

44. Real Estate Key to Aerotropolis -

The term aerotropolis has been a buzzword in recent times but often has a fuzzy meaning.

The aerotropolis concept focuses on the airport, but it also promotes other modes of transportation – and the real estate that surrounds these assets – as vital to the region’s economy.

45. Willow Lake Sale Moved to April 22 -

The foreclosure sale of the 17-building, mixed-use Willow Lake Business Park and Corporate Park in Hickory Hill has been postponed until April 22 at noon at the Shelby County Courthouse, 140 Adams Ave.

46. Pinnacle Awards Honor City’s Best Brokers -

As emcee Dan Conaway noted in his opening address Thursday night at the 10th annual Pinnacle Awards, “OK is the new great.”

47. Pinnacle Awards Honor City's Best Brokers -

As emcee Dan Conaway noted in his opening address Thursday night at the 10th annual Pinnacle Awards, “OK is the new great.”

48. Willow Lake Sale Moved to April 8 -

The foreclosure sale of the 17-building, mixed-use Willow Lake Business Park and Corporate Park in Hickory Hill has been postponed until Friday, April 8, at noon at the Shelby County Courthouse, 140 Adams Ave.

49. Willow Lake Sale Slated for March 11 -

The foreclosure sale of the 17-building, mixed-use Willow Lake Business Park and Corporate Park in Hickory Hill has been postponed until Friday, March 11, at noon at the Shelby County Courthouse, 140 Adams Ave.

50. Willow Lake Foreclosure Sale Slated for Friday -

The foreclosure sale of the 17-building, mixed-use Willow Lake Business Park and Corporate Park in Hickory Hill has been postponed until Friday, March 4, at noon at the Shelby County Courthouse, 140 Adams Ave.

51. Willow Lake Foreclosure Sales Slated for Friday -

The foreclosure sale of the 17-building, mixed-use Willow Lake Business Park and Corporate Park in Hickory Hill has been postponed until Friday, Feb. 25, at noon at the Shelby County Courthouse, 140 Adams Ave.

52. Business Park Slated for Auction Block -

In the past five years, real estate foreclosures have run the gamut from hospitality to retail to multifamily to high-end residential to industrial.

As the commercial market in particular continues to be plagued with record-high vacancies and downward pressure on rental rates, investors are feeling the brunt of the crisis.

53. Memphis Firm Acquires Two Atlanta Properties -

Memphis-based Cypress Realty Holdings Co. has acquired two outparcels in the North Atlanta market.

54. Multiple Industrial Sites Slated for Foreclosure Sale -

U.S. Bank N.A. has filed a first-run foreclosure notice for several Memphis properties. The substitute trustee’s notice can be read in the print and online editions of The Daily News.

55. Shoppers Crowd the Malls in Christmas Countdown -

NEW YORK (AP) – Packed malls? Healthy gains in holiday spending? It's beginning to look at least a little like a pre-recession Christmas.

Americans spent more on clothing, luxury goods and even furniture, delivering healthy gains across the board, according to MasterCard Advisors' SpendingPulse, which tracks spending across all transactions including cash. The online category continued to be a bright spot. The big exception was consumer electronics, dragged down by deep discounting of TVs amid a glut. That area was virtually unchanged from a year ago.

56. Former Bennigan’s Set to be Razed -

5336 Poplar Ave.
Memphis, TN 38119
Permit Amount: $775,000

Project Cost: n/a
Permit Date: Applied August 2010
Completion: Late fourth quarter 2010
Owner: Danco
Tenant: Newk’s Express Café
Contractor: Fleming/Associates/Architects PC
Architect: Horizon Construction LLC

57. Brownstone Lands First Tenant In Radiological and Vascular Center -

7695 Poplar Pike
Germantown, TN 38138
Sale Amount: $1.6 Million

Sale Date: May 28, 2010
Buyer: MRPC Building LLC
Seller: Salvaggio Group LLC
Loan Amount: $1.2 million
Loan Date: May 28, 2010
Maturity Date: Aug. 21, 2011
Lender: MedArm Inc.

58. Holiday Inn Express Sells for $2.5 Million -

The Holiday Inn Express at 4068 Stansell Court in unincorporated Southeast Shelby County has sold for $2.5 million following a foreclosure.

4068 Stancell Court Holdings, a special-purpose entity related to the lender, reclaimed the property June 4 in a successor trustee’s deed. The property went into receivership Feb. 26.

59. Buena Vista Apartments in Frayser Foreclosed, Sold to Atlanta Company -

3431 N. Trezevant St.
Memphis, TN 38127
Sale Amount: $1.3 Million

Sale Date: Jan. 12, 2010
Buyer: Tritex Real Estate Advisors Inc.
Seller: Emily Bowman, successor trustee

60. Buena Vista Apartments In Frayser Sold for $1.3M -

The 62-unit Buena Vista Apartments at 3431 N. Trezevant St. in Frayser sold Tuesday for $1.3 million in a successor trustee’s deed following a foreclosure of the property.

61. Commercial Property Market to Favor Tenants in '10 -

LOS ANGELES - The commercial property market is coming off its worst year in decades, and the woes are expected to deepen before a turnaround takes hold.

Experts anticipate vacancies for office, industrial, retail and apartment properties will continue to rise. Rental rates are expected to fall. And prices, already down 40 percent from the peak of the market in 2007, are projected to decline even further.

62. Saddle Creek Lands High-End Women’s Clothing Store -

Anthropologie, a high-end retailer of apparel and other items, is coming to The Shops of Saddle Creek in Germantown.

Though a lease hadn’t been inked by press time Monday, the company will soon begin tenant improvements for the bays that housed the former Yia Yia’s Euro Café and Divine Rags on the southwest end of Saddle Creek North.

63. Hacks Cross Center Sold Back to Bank -

The Shoppes at Misty Meadows, a two-parcel retail center at 3800 Hacks Cross Road in Southeast Shelby County, sold back to its lender Friday for $2.6 million in a substitute trustees’ sale. The seller was R. Spencer Clift III of the law firm Baker, Donelson, Bearman, Caldwell & Berkowitz PC.

64. Hacks Cross Center Foreclosed, to be Sold -

The Shoppes at Misty Meadows, a two-parcel retail center at 3800 Hacks Cross Road in Southeast Shelby County, has been foreclosed and will be sold in a substitute trustees’ sale, according to a notice that appears on Page 40 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

65. BofA Could Eventually Cut 10 Pct of Branches -

CHARLOTTE, N.C. (AP) - Bank of America Corp. could eventually shrink its 6,100-branch network by about 10 percent as consumers utilize other methods of banking, a company spokesman said Tuesday.

66. Commodities Reverse Early Losses, Move Higher -

NEW YORK (AP) - Prices for commodities like oil and gold reversed early losses and moved higher Wednesday as the dollar came under more pressure.

Most commodities declined in the early going following a government report indicating that inflation remains under control.

67. Broker CB Richard Ellis Upgraded on Stock Price -

NEW YORK (AP) - A Goldman Sachs analyst upgraded real estate broker CB Richard Ellis Group Inc. on Monday, saying that although he expects transactions to remain low until 2010 and continued pressure on earnings, the stock's price makes it more attractive.

68. Loan Filed for Phase Two Of Centennial Gardens Apartments -

7751 Centennial Drive
Memphis, TN 38125
Loan Amount: $11.5 Million

Loan Date: Jan. 15, 2009
Maturity Date: Jan. 15, 2013
Borrower: Lightman Centennial Gardens Co.
Lender: SunTrust Bank

69. Cordova’s Trinity Place Sells for $4.3 Million -

The Trinity Place shopping center at 7990 Trinity Road in Cordova sold for $4.3 million in a trustee’s deed to JPMCC 2006-LDP7 Trinity Place LLC.

70. Leonard Joins Madison Hotel As Director of Sales -

Liese Leonard recently joined the Madison Hotel as director of sales.

Leonard is responsible for overseeing all internal and external sales efforts for the hotel including developing new accounts, maintaining existing accounts and supervising all sales and catering associates.

71. Service Sector Shrinks as New Orders Fall in Nov. -

NEW YORK (AP) - The U.S. service sector contracted dramatically in November, as employment, new orders and prices fell precipitously, hurting retailers, hotels and other industries.

The Institute for Supply Management, a trade group of purchasing executives, said Wednesday that its services sector index fell to 37.3 in November from 44.4 in October. It was far below the reading of 42 expected by Wall Street economists surveyed by Thomson Reuters.

72. Credit Crunch Crimps Commercial Development -

With a vision of transforming downtown Seattle, the Clise family spent more than a century buying up key pieces of land. But the credit chaos has forced Al Clise to postpone his plans for a grand, 13-acre commercial and residential development.

73. Oak Hall Renovation Begins Monday - After lengthy financing delays from a shaky real estate market, the group planning to renovate the old Oak Hall building at 555 S. Perkins Road Extended is finally ready to move forward.

Glen Bascom Jr., Glen Bascom Sr. and Chris Montesi – the trio who comprise the entity 555 Perkins LLC – have secured a $5.2 million construction loan with U.S. Bank NA to overhaul the 54,265-square-foot office building just south of the intersection at Poplar Avenue and Perkins Road Extended.

The renovation financing was orchestrated by Rick Wood, senior vice president for Financial Federal Savings Bank.

Construction on the 1966 property begins Monday, more than four months after the initial building permit was filed, although the partners’ interest in the property goes back much further. The group bought the ground lease of the building for $1.2 million from LaSalle Bank NA in December 2006, and Bascom Sr. had owned the land since the late 1980s.

Bascom Jr. has been champing at the bit to get the project under way, but he understood the hesitance of lenders, in these tight credit times, to front money for a building that’s only 15 percent preleased.

“I think a lot of big players are like that,” Bascom Jr. said. “Nobody wants to finance a spec building – either an apartment building, condo building or office building. They want to have tenants in place, and that was the hard part with us – we want to build it first and then get tenants.”

Looking for warm bodies

Getting tenants is the company’s goal over the next six months during redevelopment of the building, which will be renamed First Capital Center after the anchor tenant.

Germantown-based First Capital Bank will occupy 6,000 square feet on the ground floor with a branch that includes a drive-thru. The bank joins two existing tenants that are remaining in the four-story building, leaving about 45,000 square feet available for lease.

That task is being handled by Joe Steffner, president of the Memphis office of Grubb & Ellis Co. Steffner said he believes the renovated space of a well-known building along Poplar will make it a desirable locale for office users.

“When you compare the price with the amenities and the brand-new space in the building, it will be a relatively easy sell,” he said. “The Poplar corridor is where everyone has wanted to be. Over the past 15 years the market has grown and people have gone to the 385 corridor as kind of the second choice. Over the past several years, the tenants that either couldn’t find space on Poplar or didn’t want to be on Poplar for whatever reason have tended to come back to Poplar.”

Bascom Jr. agreed that the location along the high-density Poplar Avenue corridor should keep the First Capital Center insulated from what has been a generally soft market.

“Of all the deals that we have out there now, it’s a no-brainer,” Bascom Jr. said. “This one’s going to be successful. It’s a lot of money and time involved over the year or two, but it’s the one I feel most comfortable with of all the projects we’ve got going on.”

New and improved

Renaissance Group is architect and Montgomery Martin Contractors LLC is contractor for the project. Chris Ybos of Montgomery Martin said the expected completion date is about six months away.

Once the building is finished by the end of the year, it won’t look anything like the structure that formerly housed an Oak Hall clothing store. Upgrades include new HVAC, new roof, new shell, new windows, plus plenty of parking for tenants.

Steffner said pricing will be lower than other office space nearby because it’s an older building, but it will recapture the feel of a new product.

“It’s hard to take an older building and make it Class A, and yet they’re doing everything possible to make it A,” Steffner said. “It’s hard to argue with the amenities in the building, plus the bank on site. We think it will be an A-minus building with B prices. That will make it competitive.

“It’s exciting because it’s like having a brand-new building to lease on a speculative basis at below-market rates. We’ve never had an opportunity like this before. It will have a new name, but it’s a location everyone knows.”

...

74. Permits Filed ForOak Hall Building -      The owners of the Oak Hall Building at 555 Perkins Road Extended have filed building permits for a renovation that will give the 42-year-old structure a fresh look.
     Glen Bascom Sr., a pa

75. Bank of America's Lewis Says Deal for Countrywide "Is a Go" -

CHARLOTTE, N.C. (AP) - Bank of America Corp. is moving forward with its purchase of beleaguered mortgage lender Countrywide Financial Corp., Chief Executive Ken Lewis said Tuesday.

"At this point, everything is a go to complete this transaction," Lewis said at an investor conference in New York.

76. Bank of America's EarningsFall 95 Percent -      Bank of America Corp. said Tuesday its fourth-quarter earnings fell 95 percent, hurt by mounting credit losses and weak investment banking results.
     Net income at the Charlotte, N.C.-base

77. Fed Drops Key Rate for Third Time This Year; Disappointed Wall Street Tumbles -

WASHINGTON (AP) - The Federal Reserve dropped its most important interest rate to a nearly two-year low on Tuesday and left the door open to additional cuts to prevent a housing and credit meltdown from pushing the economy into a recession. A disappointed Wall Street took a nosedive.

78. Archived Article -

40 lots in Shelby
And DeSoto counties
Loan Amount: $3.6 million

Loan Date: Sept. 13, 2007

Maturity Date: Sept. 20, 2012

79. California Investor Sees Memphis As 'Long-Haul' Market -

Thanks to his company's recent purchase of The Birches Townhouses in Whitehaven for $3.6 million, Bill Sparano can be counted among the out-of-town investors who are bullish on Memphis real estate.

80. Archived Article -

1068 Cresthaven Road
Memphis, TN 38119
Sale Amount: $3.3 million

Sale Date: Aug. 21, 2007

Buyer: FPA Cresthaven Associates LLC

81. Calif. Company Buys The Birches, Plans to Move to Memphis -

3510 Graceland Drive
Memphis, TN 38116
Sale Amount: $3.6 million

Sale Date: Aug. 23, 2007

Buyer: Better Buildings & Apartments LLC

82. California Investor BuysWhitehaven Apartments -      The Birches Townhouses about a mile from Graceland has sold for $3.6 million. Better Buildings & Apartments LLC closed on the property last week, financing the purchase with a $2.8 million loan through LaSalle Bank NA.83. Bad Credit Bigger RiskThan Terrorism, Group Says -      Bad credit has supplanted terrorism as the gravest immediate risk threatening the economy, a key national research group reported Monday.
     Borrowers' withering ability to pay their bills

84. Real-Estate Brokers Take a Real Bruising -

Brokerage firms have prospered along with commercial-real-estate markets in the past few years, reaping record profits.

But over five weeks, shares of the biggest firm, CB Richard Ellis Group Inc., have plunged 30 percent as the credit mess leads investors to predict a severe slowdown in property sales and worry that an economic slowdown could hurt leasing. Yet, some analysts and investors believe that the selloff went too far.

85. Archived Article -

15 buildings in
Bartlett Industrial Park
Sale Amounts: $20.7 million; $9.4 million; $2.9 million; $1.5 million; and $1.2 million

Sale Date: May 17, 2007

86. California Investment Co. BuysBartlett Industrial Park for $36M -      A California-based private real estate investment company has bought McNeill Investment Co.'s 15-building portfolio in Bartlett Industrial Park for $35.8 million.
     Bartlett Logistics One

87. $5.3M Building Loan Filed ForForeclosed Apartment Complex -      A $5.3 million construction loan has been filed for an apartment complex at the center of a December foreclosure.
     GGF Holdings LLC filed the loan through Washington Mutual Bank for the L

88. Archived Article -

6525 N. Quail Hollow Road
Memphis, TN 38120
Sale Amount: $17.5 million

Sale Date: April 27, 2007

Buyer: Memphis-NCR LLC

89. Archived Article -

Four parcels near
Germantown Parkway
Sale Amounts: $700,000; $28.3 million

Sale Date: Feb. 15, 2007 (for both)

90. Archived Article -

Airport Business Park
North of Democrat Road
Sale Amount: $13.8 million

Sale Date: Feb. 21, 2007

91. Airport Business ParkSells for Nearly $14 Million -      A real estate investment firm based in Charlotte, N.C., has entered the Memphis market with the purchase of Airport Business Park.
     Allegiance Realty Corp., under the names Airport Busin

92. Archived Article -

3800-3810 Hacks Cross Road
Memphis, TN 38125
Sale Amount: $6.9 million

Sale Date: Jan. 24, 2007

93. Triple Net PropertiesBuys Lenox Park -      Triple Net Properties LLC, a Santa Ana, Calif.-based investment firm, has bought the Lenox Park office complex near Kirby Parkway and Tenn. 385 from limited liability companies affiliated with local development company C

94. Archived Article -

3845 Crowfarn Drive
Memphis, TN 38118
Sale Amount: $2.8 million

Sale Date: Dec. 14, 2006

Buyer: Cabot II-TN1W09 LLC

95. Oak Hall Purchase BringsBuilding, Land Under Same Owners -      Oak Hall, a five-story, 91,000-square-foot office building at 555 Perkins Road Extended, has been transferred to a new ownership group, marking the first time the building and the land have been under the same ownership.

96. Archived Article -

Properties in Collierville, Memphis,
Jackson, Tenn., and Southaven
Loan Amount: $9.3 million

Loan Date: Nov. 30, 2006

97. Archived Article -

2362 and 2382 N. Germantown Parkway
Memphis, TN 38016
Sale Amount: $14.6 million

Sale Date: Nov. 9, 2006

98. Shops at Rock CreekGoes for $15 Million -      The 61,000-square-foot Shops at Rock Creek at 2362 and 2382 N. Germantown Parkway has been bought by two California investors for $14.6 million. Dominion Partners I LLC sold an 83.5 percent interest in the center to Kapr

99. Archived Article -

25 lots in
Carlyle Place II
Loan Amount: $4 million

Loan Date: Oct. 16, 2006

Maturity Date: Oct. 16, 2007

100. Bank Foreclosures OnLakeside Downs Apartments -      LaSalle National Bank has begun foreclosure proceedings on Lakeside Downs Apartments on the south side of Raines Road east of Airways Road. A first-run notice of the bank's intent to foreclose appears in the Foreclosures