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Editorial Results (free)

1. Polo Shops Sells for $3.1 Million After Foreclosure -

7444 Winchester Road7464 Winchester Road
Memphis, TN 38125
Sale Amount: $3.1 million

2. Owners File $1.6 Million Loan on Circle K Store -

The three limited liability companies that own the Circle K convenience store at 4789 E. Shelby Drive in Southeast Shelby County have filed a $1.6 million loan on the property.

3. Council Delays Referendums and OKs Alarm Fee Hike -

Memphis City Council members delayed Tuesday, July 16, several items that would have called for special referendum elections in this off-election year for Memphis voters.

The council delayed final votes to set referendums on civil service changes as well as on a proposed half-percent sales tax hike.

4. Council Delays Referendums, Approves Hike in Alarm Fees -

Memphis City Council members delayed Tuesday, July 16, several items that would have called for special referendum elections in this off-election year for Memphis voters.

The council delayed final votes to set referendums on civil service changes as well as on a proposed half-percent sales tax hike.

5. Council Ponders Use of Reserve To Keep Fire Station Open -

Memphis City Council member considered briefly Tuesday, July 16, using $1.1 million from the $48 million city reserve fund to keep a North Memphis fire station open.

But they dropped the idea after Memphis Mayor A C Wharton Jr. agreed to keep Fire Station #6, on Danny Thomas Boulevard north of Chelsea Avenue open at least until Labor Day.

6. Council OKs Apartments, Golf Driving Range -

Memphis City Council members approved Tuesday, May 7, a golf driving range on Summer Avenue north of Sycamore View Road, a 240-unit apartment complex on 19.3 acres at Lenow and Dexter roads and a 69-unit apartment complex on the northern side of Shelby Farms Park to the west of Germantown Parkway.

7. Council Approves Apartments, Golf Driving Range -

Memphis City Council members approved Tuesday, May 7, a golf driving range on Summer Avenue north of Sycamore View Road, a 240-unit apartment complex on 19.3 acres at Lenow and Dexter roads and a 69-unit apartment complex on the northern side of Shelby Farms Park to the west of Germantown Parkway.

8. Council Moves on School Funding Standoff -

Memphis City Council members want to try to resolve the Memphis City Schools $57 million court judgment against the city as well as the city’s legal counterclaim that the school system owes it more than twice that by the end of this month.

9. Council Tackles Budget, Tax Rate -

Memphis City Council members take their first steps Tuesday, May 7, toward approving a city operating budget and property tax rate for the fiscal year that begins July 1.

The council meets at 3:30 p.m. at City Hall, 125 N. Main St.

10. Troubled Beale Nightspot Changes Hands -

It’s been almost four months since Club Crave, the Beale Street nightspot with a history of violence under several names, was closed as a public nuisance under state law.

As the legal question of whether the building at 380 Beale St. is off limits for any future nightclub leases works its way through Shelby County General Sessions Environmental Court, the ownership of the club has changed in the last four months.

11. Exterior Plans for Bass Pro Approved -

Bass Pro Shops’ exterior building and site improvements for repurposing the city-owned Pyramid as a destination retailer were approved by the Design Review Board Wednesday, March 6, but the board asked for more time to digest the company’s controversial signage requests.

12. Exterior Plans for Bass Pro Approved -

Bass Pro Shops’ exterior building and site improvements for repurposing the city-owned Pyramid as a destination retailer were approved by the Design Review Board Wednesday, March 6, but the board asked for more time to digest the company’s controversial signage requests.

13. Capital Gains Tax Could Hurt Local Real Estate -

When investor/developer Phil Woodard sells his warehouse at 138 St. Paul Ave. in the South Main Historic Arts District to nonprofit ArtSpace this year for $850,000, he’ll be handing over $3,500 from his proceeds to the federal government.

14. Club Crave Ends, Larger Beale Dispute Continues -

Club Crave, the latest nightclub at 380 Beale St. with a history of violence, is dead.

But the Shelby County General Sessions Court order that ended it is not the endgame for a property at Beale and Fourth streets that has had many names over the decades.

15. Appeals Court Overturns $82 Million Medicare Fraud Judgment -

A federal appeals court on Friday overturned an $82.6 million judgment against three companies, saying businesses did not know they were violating Medicare's rules concerning the submission of bills for payment.

16. News Corp. Considers Split in 2 -

LOS ANGELES (AP) – Under pressure to limit contagion from the British phone-hacking scandal, Rupert Murdoch's News Corp. said Tuesday that it is considering splitting into two publicly traded companies.

17. Medical Realignment -

Private practice is fast becoming a thing of the past, as physicians groups across the country scramble to align with large health care systems in a move largely driven by national health care reform.

18. Redbirds Reconnection -

One of baseball’s enduring maxims is that anytime you go to a game you’ve got a chance to see something you’ve never seen before.

Apparently, this now applies off the field too, because a few weeks ago a group that included Magic Johnson as the front man paid $2.15 billion to buy the Los Angeles Dodgers from financially troubled owner Frank McCourt.

19. Choice Of Entity: Choose Wisely -

The “choice of entity” discussion is unavoidable for start-up companies. In the spirit of the lifecycle of a business, it is one of the more prudent and pertinent discussions to have with your tax adviser. While sometimes an afterthought, this is a crucial matter and a misstep can prove costly.

20. Weekly Pubs Expand Coverage For The Daily News -

In a time of historic uncertainty for the newspaper industry, The Daily News Publishing Co. Inc. has prevailed by adapting and expanding its footprint.

21. Stamson and Johnson Resign from Election Commission -

Shelby County Election Commissioners Steve Stamson and James Johnson have resigned following a legal opinion from the Shelby County attorney saying because they are county government retirees they can’t collect their pensions while serving on the five-member body.

22. MedVet Memphis Builds New Cordova Facility -

555 Trinity Creek Cove
Cordova, TN 38018
Permit Amount: $3 million

Permit Date: Applied August 2010
Completion: May 2011 (open Summer 2011)
Owner: MedVet Memphis LLC
Tenant: MedVet Memphis LLC
Architect: archimania
Contractor: Grinder, Taber & Grinder Inc.

23. Calif.-Based EMJ Files Permit For Arlington Distribution Center -

3167 Cypress Ridge Drive
Arlington, TN 38002
Permit Amount: $7 Million

Project Cost: $7 million
Permit Date: Applied May 2010
Completion: October 2010
Owner: Earle M. Jorgensen Co.
Tenant: Earle M. Jorgensen Co.
Contractor: TBD
Architect: TBD

24. New York Company Buys 158-Unit Greenview Estates in Raleigh -

4650 Hedges Drive
Memphis, TN 38128
Sale Amount: $3 Million

Sale Date: Dec. 17, 2009
Buyer: Greenview Estates LLC
Seller: Greenview Townhomes LLC
Loan Amount: $2.1 million
Loan Date: Dec. 17, 2009
Maturity Date: N/A
Lender: Bloomfield Institutional Opportunity Fund LLC

25. Ethics Sanctions Must Be Followed By Full Disclosure for Maximum Deterrence -

In some ways, the rules by which Smith & Nephew and the other orthopedics giants must abide are more exacting than the ones for local elected officials.

The public interest in both cases is readily apparent. But whether it is served by the rules that guide the conduct of these corporations with doctors is questionable.

26. FedEx Company Anticipates Recovery With Expansion -

At a time when many companies are putting the brakes on large-scale projects, FedEx Global Supply Chain Services Inc. is undertaking a $1 million expansion and renovation of its warehouse at 5025 Tuggle Road in Oakhaven/Parkway Village, a facility it will fully occupy once the work is complete.

27. New Building Slated for Hickory Hill Dialysis and Vascular Surgery Center -

6490 Mount Moriah Road Ext.
Memphis, TN 38115
Permit Amount: $1.1 Million

Project Cost: $1.1 million
Permit Date: Applied June 2009
Completion: Autumn 2009
Owner: DH MR Partners
Tenant: Mid-South Nephrology Consultants
Contractor: S. Webster Haining & Co.
Architect: Christopher Kidd & Associates LLC

28. Nephrology Center to Add New Dialysis, Surgery Centers -

An entity called DH MR Partners, the owners of a building at 6490 Mt. Moriah Road Extended that houses Mid-South Nephrology Consultants, has filed a $1.1 million permit with the city-county Office of Construction Code Enforcement to build the shell for a new 20,000-square-foot dialysis center and vascular surgery center. It will sit behind the medical center’s existing building.

29. Neuvo Salon Files Permit For New East Memphis Location -

5158 Wheelis Drive
Memphis, TN 38117
Permit Amount: $712,367

Project Cost: $712,367
Permit Date: Applied May 2009
Completion: March 2010
Owner: Neuvo Salon
Tenant: Neuvo Salon
Contractor: Construction Solutions LLC
Architect: Thoda and Associates PLLC

30. Modular Energy Plant To Be Installed at Le Bonheur -

905 Poplar Ave.
Memphis, TN 38105
Permit Amount: $13.6 Million

Project Cost: $327 million
Permit Date: Applied April 2009
Completion: 2011
Owner: Methodist Le Bonheur Healthcare
Tenant: Methodist Le Bonheur Healthcare
Contractor: Skanska USA
Architect: FKP Architects

31. Tax Questions Arise During School Funding Talks -

Making Shelby County government the single source of funding for the city and county public school systems could mean a 53-cent increase in the county property tax rate over several fiscal years. It would also reduce the city property tax rate by 82 cents.

32. Diamond Int’l To Expand -

Change is coming to the northeast corner of East Brooks and Millbranch roads in Whitehaven, where Diamond International Trucks Inc. will double its size by taking over the former Chuck Hutton Toyota dealership.

33. Enterprise Rent-A-Car Building 10,000-Square-Foot Facility -

2424 Appling Road
Memphis, TN 38133
Permit Amount: $2.3 Million

Project Cost: TBA
Permit Date: Applied November 2008
Completion: Summer 2009
Owner: Enterprise Rent-A-Car
Tenant: Enterprise Rent-A-Car
Contractor: Chris Woods Construction Co. Inc.
Architect: Renaissance Group

34. Q3 Building Permits Plummet -

Listen to homebuilders’ language and it’s easy to discern their problems. Instead of using terms such as “expanding operations” and “ramping up production” – as they did a few years ago – builders now resort to phrases like “hunkering down” and “scaling back.”

35. St. Clair Expands In Rough Economy -

When Oscar Edmonds III bought St. Clair Foods in 1976, the company employed two people and manufactured four salad dressings in an 1,800-square-foot space off Highland Avenue.

Fast forward to 2008: Through steady growth orchestrated by Edmonds and his management team, St. Clair Foods now employs 220 people and manufactures more than 90 food products in its 120,000-square-foot building in Whitehaven’s Bellbrook Industrial Park.

36. Texas Investor Buys Two Parkway Village Shopping Centers -

With the purchase of two Parkway Village shopping centers, a Texas investor has moved closer to his goal of owning a million square feet of commercial real estate in Memphis.

Parkway Fox LP, a limited partnership headed by Houston-based businessman Dr. Hardam Azad, bought the Parkway Village Center strip malls – plus a handful of outparcels – for $9.1 million from the Margaret Y. Henrich Estate. The sales closed late last week.

37. A Great Equalizer -

Tamara Mitchell-Ford - the ex-wife of former state Sen. John Ford - dodged a foreclosure sale of her two-story East Memphis home this week the same way scores of cash-strapped debtors do in Memphis. She filed for bankruptcy protection.

38. New Information Surfaces In MLGW-Networx Controversy -

New details have emerged over the last few days about potential suitors of Memphis Networx, shedding light on how a handful of offers were evaluated in the secretive bidding process to buy the company.

39. Panattoni Development Co.Finances Holmes/Getwell Land -      Real estate developers Panattoni Development Co. (PDC) has filed a construction loan for acreage near Getwell and Holmes roads. The property is zoned for industrial use.
     Four limited lia

40. Top of the Heap -

When it opened with a bang in 1935, the parade of dignitaries, airplanes overhead and boats drifting along the Mississippi River no doubt made for quite a spectacle.

Today, something similar is occurring along Riverside Drive, which remains an upscale, well-maintained "front door" of the city some 70 years after its unveiling. Several real estate projects are bringing new townhomes, condominiums and streetscape improvements to the area.

41. Blockbusted! Local franchisee sues Blockbuster Inc., alleges Dallas company 'undercut' its business -

Fred Montesi III, a member of the well-known Memphis grocery family, was one of the first Blockbuster franchise holders in the United States.

He opened the video rental company's first store in Memphis in the late 1980s, later growing his Blockbuster franchise operation into one of the largest in the country.

42. Archived Article: Benchmark - SEC sues spammer for alleged Web fraud

SEC sues spammer for alleged Web fraud

Regulators filed fraud charges Monday against a 20-year-old Kentucky man who allegedly scammed money from would-be investors by creating a Web site for a fictitious ...

43. Archived Article: Graphic (chrtrsapr) - On the rebound On the rebound Corporate charters filed in 1999 for businesses in Memphis and Shelby County experienced a slowdown, compared to the year earlier. However, the new millennium dawns, the number of charters filed is burgeoning. The numbe...

44. Archived Article: Law Briefs - The Young Lawyers Division of the Memphis Bar Association will sponsor a five-mile run/walk at 6:30 p The Young Lawyers Division of the Memphis Bar Association will sponsor a five-mile run/walk at 6:30 p.m. Aug. 7. The race will start Downtown and c...

45. Archived Article: Law Analys - 05-09 Law analys Limited liability companies offer tax, legal advantages By Richard E. M. Nichol Jr. For several decades, limited partnerships were the entity of choice for Tennesseans investing in real estate. In the last 18 months, however, limite...

46. Archived Article: Llcs Vg - 04-26 LLCs The limited liability company: Is it good for you? By VIRGINIA W. GRIFFEE Special to The Daily News Have you considered the limited liability company form for your business? This new business form, also called the LLC, has been available ...