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Editorial Results (free)

1. City Council Reviews Fire Budget -

Memphis City Council members resume budget deliberations Tuesday, May 20, in committee sessions that take up half of the council day at City Hall.

Most of the time spent in the budget committee, chaired by council member Lee Harris, will be devoted to a review of the Memphis Fire Department budget proposal.

2. Dallas Company Buys Macon Road Center -

6100 Macon Road
Memphis, TN 38134
Sale Amount: $1.2 million

Sale Date: March 26, 2014
Buyer: PNL Cumberland LLC
Seller: Flagstar Bank FSB
Loan Amount: $862,500
Loan Date: April 1, 2014
Maturity Date: N/A
Lender: Pinnacle Bank
Details: An affiliate of Dallas-based The PNL Cos. has paid $1.2 million for the 30,000-square-foot shopping center at 6100 Macon Road in Northeast Memphis.

3. Developer Buys Land for Somerset Subdivision -

26.3 Acres near Neshoba
And Germantown Roads
Sale Amount: $1.5 million

Sale Date: Oct. 28, 2013
Buyer: Somerset-Exeter GP
Seller: Owen Investments LP
Loan Amount: $2.8 million
Loan Date: Oct. 28, 2013
Maturity Date: Oct. 28, 2016
Lender: Kent Wunderlich
Details: An entity related to Germantown-based developer McNeill Investment Co. has paid $1.5 million for 26.3 acres near the intersection of Germantown and Neshoba roads.

4. Lamar Avenue Storage Facility Sells for $1 Million -

An affiliate of Austin, Texas-based real estate investment firm World Class Capital Group has paid $1 million for the 63,740-square-foot A-AAA Key Mini Storage facility at 3951 Lamar Ave. in Oakhaven.

5. Green Growth -

Tioga Environmental Consultants is adding new staff and ramping up for an increased workload, due at least in part to new commercial regulations expected next year on lead-based paint in commercial facilities.

6. Oklahoma Hotel Group Buys Baymont Inn -

6020 Shelby Oaks Drive
Memphis, TN 38134
Sale Amount: $2.1 million

Sale Date: Aug. 6, 2013
Buyer: Champion Regional Development LLC
Seller: BRE/LQ Properties LLC
Loan Amount: $2.1 million
Loan Date: Aug. 7, 2013
Maturity Date: N/A
Borrowers: Sunny Management LLC; KNSB LLC; Jansa LLC
Lender: InterBank
Details: An affiliate of Oklahoma City-based Champion Hotels has paid $2.1 million for the 103-room Baymont Inn & Suites Memphis East hotel at 6020 Shelby Oaks Drive in Northeast Memphis.

7. American Mini Storage on US 64 Sells for $2.4 Million -

The 10-building, 85,390-square-foot American Mini Storage at 7399 U.S. 64 in Northeast Memphis has sold for $2.4 million following a foreclosure.

An entity called 7399 US Highway 64 Holdings LLC – which is affiliated with Miami Beach, Fla.-based loan servicer LNR Partners LLC – bought the property in a July 15 substitute trustee’s deed from Stewart G. Austin Jr. and R. Mathew Brinner of Glankler Brown PLLC.

8. Raleigh Sam’s Club Sells for $11.4 Million -

2150 Covington Pike
Memphis, TN 38128
Sale Amount: $11.4 million

Sale Date: June 25, 2013
Buyer: Realty Income Properties 25 LLC
Seller: Dune SC Sub II LLC
Details: The Sam’s Club at 2150 Covington Pike in Raleigh has sold for $11.4 million to a California investor.

9. Storage Facility Foreclosed After $3.4 Million Loan Default -

The 10-building, 85,390-square-foot American Mini Storage facility at 7399 U.S. 64 in Northeast Memphis is facing foreclosure, according to a first-run foreclosure notice in the Thursday, May 23, edition of The Daily News.

10. Virginia Company Buys Poplar Avenue Retail Property -

7665 Poplar Ave. Germantown, TN 38138

Sale Amount: $2.9 million

Sale Date: April 19, 2013

11. Shelby Crossing Retail Center Sells for $2M in Foreclosure -

6100 Macon Road
Memphis, TN 38134

Sale Amount: $2 million

Sale Date: July 13, 2012

12. Nursing Home Owner Files $13 Million Loan -

3549 Norriswood Ave.
Memphis, TN 38111

Loan Amount: $13 million

Loan Date: July 13, 2012

13. Amsdell Cos. Buys Two Storage Facilities -

Cleveland-based Amsdell Cos. has bought a pair of storage facilities from Memphis Storage Group LLC for a combined $4.2 million.

14. Hertz Closes On Memphis CRE Portfolio -

Hertz Investment Group LLC has completed its acquisition of five Memphis office buildings, marking the firm’s return to the Bluff City and focus shift to secondary and tertiary markets.

15. Site Work for St. Jude Tower Part of Permit Application -

315 Danny Thomas Place
Memphis, TN 38105

Permit Cost: $5 million

Project Cost: $190 million

16. $1.5 Million Loan Filed For Future Vantage Point Golf -

Future Vantage Point Golf Center

Loan Amount: $1.5 million

Loan Date: Feb. 28, 2012

Maturity Date: March 1, 2037

Borrower: Vantage Point Holdings LLC

17. $18.8M Loan Filed to Build Robinwood Retirement Community -

Construction Loan For Robinwood Retirement Community
Loan Amount: $18.8 million

Loan Date: Sept. 27, 2011

Maturity Date: Sept. 30, 2014, with conversion option that would extend maturity to Sept. 30, 2016

18. Substantial Deal Inked By Ontario-Based Manufacturer -

A substantial lease has been signed in a formerly distressed southwest Memphis industrial park that has made leaps and bounds since it was purchased by an out-of-town investor earlier this year.

KIK Custom Products, an Ontario-based manufacturer of national and retail brand consumer products, has signed a lease for 115,000 square feet in the Space Center Industrial Park, 265-353 Titan Drive.

19. Cabot Affiliate Buys Airport Industrial Warehouse -

3924 Crowfarn Drive
Memphis, TN 38118
Sale Amount: $2.2 million
Sale Date: March 28, 2011
Buyer: Cabot III-TN1M01 LLC
Seller: MM Industrial Memphis LLC

20. Civil Rights Museum Files Permit for Phase One Redesign -

450 Mulberry St.
Memphis, TN 38103
Permit Amount: $1 million

Permit Date: Applied January 2011
Owner: State of Tennessee
Tenant: National Civil Rights Museum Foundation
Architect: Self Tucker Architects Inc.

21. Enjoying the Ride -

From Audrey Hepburn and Gregory Peck zipping past the Colosseum in “Roman Holiday” to vintage photographs of suit-wearing mods cruising the streets of 1960s London, the word ‘Vespa” evokes a stream of iconic pop culture images.

22. Mr. Ching's Opus -

Songs of farewell are staples of operatic repertoire, but supporters of Opera Memphis soon will be singing a new lament.

Earlier this month, artistic and general director Michael Ching, whose leadership of the company spans nearly two decades, announced his resignation.

23. American Resource Systems Keeps Communications Going -

When an important order comes due at American Resource Systems Inc., the “super-duper crew” gets the job done.

24. Bankruptcy Judge Rejects Beale Street Hip-Hop Club -

A federal bankruptcy court judge has scrapped plans to reopen the old Pat O’Brien’s on Beale Street as a two-day-a-week nightspot with a dress code.

The plan by Cato Walker and Curtis Givens to open “Liquid On Beale” drew opposition from Beale Street developer John Elkington and his Performa Entertainment Real Estate Inc., as well as the Beale Street Merchants Association.

25. Permit Filed For Owens Corning Alteration -

693 Corrine Ave.
Memphis, TN 38107
Permit Cost: $600,000

Permit Date: Applied March 2009
Owner: Belz Union Realty Co. GP
Tenant: Owens Corning Corp.
Contractor: Southern Integrated Services Inc.

26. Storage Portfolio Sells for $2.4 Million -

A collection of limited liability companies called the Northwest and Southern Self Storage Partnership has bought two self-storage facilities for $2.4 million from 4Guys LLC, which developed the properties in the 1990s. The portfolio includes the Southern Self Storage facility at 4740 Getwell Road in the Oakhaven/Parkway Village area and the Northwest Self Storage facility at 3891 Thomas St. in Frayser.

27. 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.

28. Archived Article -

2855 N. Houston Levee Road
Cordova, TN 38016
Sale Amount: $4.6 million

Sale Date: Oct. 23, 2007

Buyer: JF Storage Holding LLC

29. Archived Article -

5539 Elvis Presley Blvd.
Memphis, TN 38116
Sale Amount: $3.1 million

Sale Date: June 8, 2007

Buyer: ArciTerra DG Memphis TN LLC

30. Memphis Self Storage GroupBuys Second Facility -      A local investment group focused on acquiring self-storage properties has bought its second facility, a Storage USA site at 4175 Winchester Road. Memphis Self Storage Group, working under the name Memphis Storage II LP,

31. Mini-Storage on U.S. 64Sells for $4.3 Million -      A 10-building American Mini Storage facility at 7399 U.S. 64 west of Appling Road has been bought by four limited liability companies, or LLCs, for $4.3 million.
     BHGG LLC sold the seven

32. Archived Article -

49 lots in
Evergreen Hills
Cost: $6 million

Borrower: Creekside Homes LLC

Lender: First Tennessee Bank NA

33. Archived Article: Gov - By Andy Meek

Depot Readies Property for New Industry

ANDY MEEK

The Daily News

The Memphis Depot Redevelopment Corp. has been working for almost a year preparing to market vacant land at the former Memphis Depot site for sale. And if a zo...

34. Archived Article: Real Recap - 1580-1588 Union Ave

West Clinic Plans Midtown Treatment Center

1580-1588 Union Ave.

Memphis, TN 38104

Cost: $2.9 million

Borrower: West Union Partners LLC

Lender: Commercial Bank and Trust Co.

Trustee: Reid D. Evensky

Propert...

35. Archived Article: Real Recap - 8250 Poplar Ave

St. Georges School Makes Room for Growth

8250 Poplar Ave.

Germantown, TN 38138

Cost: $6.5 million

Borrower: St. Georges Independent School

Lender: St. Georges Episcopal Church, Germantown

Trustee: Scott K. Haight...

36. Archived Article: Daily Digest - East Memphis Properties

East Memphis Properties

Sell for $7.1 Million

Storage Portfolio Bravo II LLC has purchased property at 4805 Summer Ave. and 2625 Mt. Moriah Road for a total price of $7.1 million, according to The Daily News Public R...

37. Archived Article: Real Recap - Parcels located in

ProLogis-Macquarie Finances Four Parcels Parcels in two

distribution centers

Cost: $27.5 million

Borrower: ProLogis-Macquarie Tennessee II LLC

Lender: Allstate Life Insurance Co.

Trustee: Wesley D. Turner of Will...

38. Archived Article: Busline (lead) - Lead

Landmarks owners seek spot on Register

The Daily News

Whether Fred Smith used his fathers bus line as a model for FedEx might be a fact known only by Smith himself.

But Judith Johnson believes he might have at least thought of Fred ...

39. Archived Article: Memos - John W. McConomy

John W. McConomy was appointed ResortQuest International Inc. senior vice president and general counsel. McConomy will join the company effective May 19 in Destin, Fla., the new location of its corporate office. McConomy will ove...

40. Archived Article: Streamline (lead) - Streamline move means at least 10 more jobs

Streamline move means more jobs

By MARY DANDO

The Daily News

In the current belt-tightening economy, one Memphis company is expanding and has relocated to meet increased demand.

Streamline D...

41. Archived Article: Orpheum Lj - lj 10/5 cates Orpheum Theatre renovation funds reach $5 million mark Donations "coming out of the woodwork" for Orpheum Theatre By LAURIE JOHNSON The Daily News Beginning this fall, Memphians will no longer have to travel to Nashville, St....