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Editorial Results (free)

1. Cordova Goodwill Location Reopens -

Memphis Goodwill Inc. has reopened its Berryhill Attended Donation Center in Cordova. The center is at 1890 Berryhill Road, suite 101, near the intersection of Berryhill & Chimneyrock Boulevard.

2. Council Reopens Seismic Standards Debate -

Memphis City Council members repealed new seismic provisions for homes in the city-county Unified Development Code Tuesday, Oct. 7, about a year after approving them.

The action by the council included passage on the first of three readings of new seismic provisions that would take effect in 2015 if approved by the council and through a companion ordinance by the Shelby County Commission.

3. Commission Reopens Anti-Discrimination Debate -

Six of the 13 Shelby County Commissioners attend their last meeting Monday, Aug. 18.

The finale of the four-year term of office will feature renewed discussion about a proposed anti-discrimination ordinance and attempts to make the residency requirement for county commissioners more specific.

4. West Memphis Hospital Reopens -

A West Memphis hospital says it has opened its doors after it closed down a month ago from a fire.

WMC-TV reports that Crittenden County Regional Hospital opened on Friday morning. The hospital says it expects to reopen its labor and delivery and surgery wards this week.

5. Grand Reopening Planned for Malco Winchester -

Malco Theatres is planning a grand reopening celebration April 11 for the Winchester Cinema, which recently completed renovations.

The cinema’s upgrade included fully converting to digital cinema, installing larger wall-to-wall screens, remodeling the lobby, restrooms and concession stand and upgrading all seats with plush rocking chairs.

6. Museum Reopening Raises Issues About Present -

There was a moment in the April 5 two-hour reopening ceremony for the renovated National Civil Rights Museum that demonstrated the tension that still exists when it comes to the important issue of who is telling the story of history.

7. Market Mystery -

Over the last several years, investors ranging from mom-and-pop shops to large hedge funds have been acquiring single-family homes in Memphis at a historic pace.

But determining the long-term impact that investor purchases have made on neighborhoods remains elusive.

8. Mississippi College Savings Plan to Reopen Enrollment -

JACKSON, Miss. (AP) — A board has voted unanimously to re-open enrollment this fall in the Mississippi Prepaid Affordable College Tuition program.

The state-backed savings plan had been closed to new enrollees since the fall of 2012 because of concerns about a funding shortfall.

9. River Inn Reopens Terrace With Full Year as Goal -

The River Inn, the boutique hotel on Mud Island that opened in 2007, has reopened its upper-level terrace after making some changes designed to add even more comforts for the hotel’s guests.

The Terrace at River Inn, at 50 Harbor Town Square, is now a restaurant that’s open year-round, offering river views and new cuisine in a setting no longer limited by the weather or the time of year.

10. Historic Magevney House to Reopen Saturday -

After closing to the public eight years ago, the Magevney House, one of the oldest residences in the city, reopens to the public Saturday, Sept. 7, on a once-a-month basis.

The historic site will be a work in progress at least until next spring, when its restored kitchen garden and arbor begins to bloom again.

11. Magevney House to Reopen in September -

Eight years after it was closed to the public by the city of Memphis, the Magevney House will reopen Sept. 7.

The limited opening of the historic home at 198 Adams Ave., part of the city’s museum system, will be from 1 p.m. to 4 p.m. on the first Saturday of each month. Tours of the house and garden will take about 40 minutes.

12. Magevney House Reopens in September -

Eight years after it was closed to the public by the city of Memphis, the Magevney House will reopen Sept. 7.

The limited opening of the historic home at 198 Adams Ave., part of the city’s museum system, will be from 1 p.m. to 4 p.m. on the first Saturday of each month. Tours of the house and garden will take about 40 minutes.

13. Attorney General Reopens Nineteenth Century Club Review -

The state attorney general has reopened a review of the sale of the Nineteenth Century Club property on Union Avenue just as efforts by current and former club members to challenge the sale face a critical Monday fundraising deadline.

14. Beale Club Reopening About Timing -

The negotiations to reopen one of Beale Street’s busiest and most profitable nightspots were about not missing one of the busiest Downtown weekends of the year and how to handle the allegation that some employees of Club 152 either sold drugs or were complicit in drug sales in the club.

15. Talks Underway for Club 152 Reopening -

The owners of Club 152 on Beale Street and prosecutors with the Shelby County District Attorney General’s office have been talking since the club was shut down a week ago as a public nuisance.

Both sides are due back before General Sessions Environmental Court Judge Larry Potter Thursday, May 21.

16. US Options Exchange Reopens After Half-Day Outage -

NEW YORK (AP) – Trading on the biggest exchange for financial options resumed Thursday following an outage caused by software problems.

The Chicago Board Options Exchange reopened at 12:50 p.m. Eastern time after being closed from the start of the trading day. The shutdown forced traders to scramble for alternatives.

17. Schools Front Office Jobs Reopened -

Interim schools superintendent Dorsey Hopson has restarted the process of reapplying for the top jobs in the consolidated school system.

All of the jobs in the merged school system’s central office, effectively the front office of the school system, were reopened for applications through April 29.

18. Pinnacle Reorganization OK’d in Bankruptcy Court -

A federal bankruptcy court in New York has approved the reorganization plan of Pinnacle Airlines Corp.

19. Pinnacle Reorganization Approved in Bankruptcy Court -

A federal bankruptcy court in New York has approved the reorganization plan of Pinnacle Airlines Corp.

20. Southwind Homewood Suites Sells for $6.5 Million -

3583 Hacks Cross Road Memphis, TN 38125

Sale Amount: $6.5 million

Sale Date: Nov. 2, 2012

21. Southwind Homewood Suites Sells for $6.5 Million -

The Homewood Suites by Hilton Southwind at 3583 Hacks Cross Road sold for $6.5 million in a successor trustee’s deed following a foreclosure.

22. Delta Blues Winery LLC Buys 15 Acres in Lakeland -

6495 Stewart Road Lakeland, TN 38002
Sale Amount: $165,000

Sale Date: Dec. 10, 2012

23. Shoney’s to Reopen Memphis Restaurants -

The three Memphis-area Shoney’s restaurants, including one in West Memphis, have been reimaged.

Shoney’s CEO David Davoudpour said in a company release that the 65-year-old American brand is making a comeback by expanding and opening additional restaurants.

24. Southwind Hampton Inn Sells for $5.6 Million -

The Hampton Inn Memphis-Southwind hotel at 3579 Hacks Cross Road sold for $5.6 million in a successor trustee’s deed following a foreclosure.

25. Home Sales Up 16 Percent -

The Shelby County housing market continued to improve last month with year-over-year increases in home sales and average prices, and industry experts say those are just two of the signs that local residential real estate has stabilized.

26. Pinnacle Airlines Delays Reorganization Plan -

Pinnacle Airlines Corp. has delayed filing a reorganization plan and financial disclosure to Delta Air Lines possibly until the end of December.

27. Pinnacle Delays Reorganization Plan -

Pinnacle Airlines Corp. has delayed filing a reorganization plan and financial disclosure to Delta Air Lines, possibly until the end of December.

28. Expert: Investors Confound Housing -

The role of investor-driven neighborhoods in Memphis is growing, and the impact on different kinds of neighborhoods is largely unstudied and unknown.

For instance, what does it mean that going into 2012, 54 percent of residential property sales were accounted for by investor purchases from the Real Estate Owned (REO) inventory of foreclosing lenders?

29. Mallory-Neely House Reopening Seen as Boon for Victorian Village -

Thanks to a new roof and disability compliance, the Mallory-Neely House will be open to the public Fridays and Saturdays beginning Friday, Nov. 9.

Listed on the National Register of Historic Places and located at 652 Adams Ave. in Downtown Memphis’ Victorian Village Historic District, the Mallory-Neely House retains most of the original historic interiors, furniture and artifacts.

30. Airports and Stock Exchange Reopen After Superstorm Sandy -

NEW YORK (AP) – Two major airports reopened and the New York Stock Exchange got back to business Wednesday, while across the river in New Jersey, National Guardsmen rushed to feed and rescue flood victims two days after Superstorm Sandy struck.

31. New York Stock Exchange Will Reopen Wednesday -

NEW YORK (AP) – The New York Stock Exchange will reopen for regular trading Wednesday after being shut down for two days because of Hurricane Sandy.

The exchange said in a statement Tuesday that its building and trading floor are fully operational and that normal trading will resume at the usual starting time of 9:30 a.m.

32. Rise of House Flipping Focus Of Seminar -

The impact of the foreclosure crisis on Shelby County home values is intricate and far-reaching.

Recent estimates by real estate information company Chandler Reports suggest that nearly a quarter of Memphis’ total housing stock are non-owner occupied.

33. Southwind Homewood Suites Facing Foreclosure -

Homewood Suites by Hilton Southwind-Hacks Cross is facing foreclosure after its ownership group defaulted on a $10 million loan from Lehman Brothers Bank, according to a first-run foreclosure notice in Thursday’s Daily News.

34. Police Director Looks to Reorganization -

Memphis Police Director Toney Armstrong has plans to reorganize the department at the start of 2013.

The plans include moving investigators with the various bureaus now at the Criminal Justice Center to a set of nine bureaus spread across police precincts. And Armstrong told the Memphis Rotary Club this week that the precincts will be reconfigured to make them more similar in size with the same resources generally available at each.

35. Gaylord Shareholders Vote to Reorganize as Investment Trust -

NASHVILLE (AP) – Gaylord Entertainment Company shareholders have approved a plan to reorganize as a real estate investment trust and turn over management of its four resort properties to Marriot International Inc.

36. Key River Lock Reopens After Emergency Fixes -

Shipping resumed Thursday through one of the Mississippi River’s busiest locks, after crews completed emergency repairs that took days and that stranded hundreds of barges destined for points north or south.

37. Pinnacle Cuts Pay, Benefits in Reorganization Plan -

Memphis-based Pinnacle Airlines Corp. has a new bankruptcy reorganization plan that includes 6 percent pay cuts for nonunion employees, a cut in paid vacation time by one week and a smaller company match in 401(k) retirement plans to take effect in 2013.

38. Pinnacle Cuts Pay, Benefits in Reorganization Plan -

Memphis-based Pinnacle Airlines Corp. has a new bankruptcy reorganization plan that includes 6 percent pay cuts for nonunion employees, a cut in paid vacation time by one week and a smaller company match in 401(k) retirement plans to take effect in 2013.

39. Miss. River Reopens to Traffic After Grounding -

JACKSON, Miss. (AP) – The Mississippi River is open again to traffic after being closed due to a barge grounding.

The towboat Bootsie B ran aground Thursday pushing 13 empty barges and 15 barges loaded with fertilizer and salt. Coast Guard Petty Officer Ryan Tippets says the grounding happened near Greenville, Miss.

40. Northeast County Fire Station Reopens -

The old Shelby County Fire Engine Company 60 is open again for service starting Wednesday, Aug. 1.

Shelby County government reopened the fire station at 5380 Egypt Central Road, which was closed in 1988. A fire engine from the Lakeland fire station is moving to the location and there will be no additional firefighters hired.

41. City Hopes to Reopen Madison Avenue by Fall -

The wall shared by two Downtown buildings will be stabilized before one of the structures is demolished by the city of Memphis.

Part of the roof at 118 Madison Ave. collapsed in March 2011 and since then part of Madison Avenue, including the sidewalk, has been blocked by barriers to protect the public.

42. Calif. Firm Finds Niche With ‘Premium Properties’ -

Investment firms nationwide are snatching up single-family real estate-owned (REO) properties, renovating and renting them, and then selling them to other investors.

This “house flipping” is seen as especially opportunistic in Memphis, where median asking prices are dwarfed by national averages and vacancies are widespread.

43. FAA to Reopen Fatigue Rules for Cargo Pilots -

WASHINGTON (AP) – The Federal Aviation Administration will revisit a decision to exempt cargo airlines from new rules to prevent pilot fatigue, saying it made "errors" in cost calculations used to justify the exemption.

44. Market Value -

Investor Warren Buffett admitted in his annual letter to shareholders recently that he was “dead wrong” in his early 2011 prediction that the housing market would have begun recovery by now.

45. Chandler Event To Highlight Q1 Housing -

Shelby County home sales increased 20 percent from January to March compared to last year, but that number requires some reading between the lines.

That’s why real estate information company Chandler Reports is hosting its “Master Your Market: First Quarter Update” event for local agents, appraisers, builders, investors and bankers Thursday, May 3.

46. Pinnacle NASDAQ Delisting Next Move In Reorganization -

Stock in Memphis-based Pinnacle Airlines Corp. will be delisted from the NASDAQ stock market starting at the opening on business Wednesday, April 11.

47. General Sessions Court Office Reopens After Floods -

The civil division of Shelby County General Sessions Court reopens Monday, March 19. Flooding of the basement area at 140 Adams Ave. following heavy rains Friday morning also caused computer server problems for the court.

48. Toss ‘Dented Stereos’ Before 2012 Begins -

It is a great time of year for renewals. Thinking of new things to do, new ways to do old things, recommitting to things undone and so forth and so on. As some say this time of year, “Out with the old, in with the new.”

49. ‘Get In and Out’ -

In a local commercial real estate market where prices have plunged as much as 40 percent from 2007 peaks, special service companies are taking advantage of opportunities for buying distressed debt.

50. Madison Hotel Eatery To Reopen as Eighty3 -

The Westin Memphis Beale Street isn’t the only Downtown hotel whose restaurant is undergoing radical revision, revisioning and rebranding.

Grill 83, the restaurant for the Madison Hotel, which has been closed since Oct. 30, reopens Wednesday, Nov. 16, as Eighty3, a name intended to convey a sense of modernity, casual elegance and, yes, fun.

51. Clear Channel Cuts Jobs in Regional Reorganization -

LOS ANGELES (AP) – Clear Channel Communications Inc. said Friday that it had dismissed some on-air and off-air staff earlier this week, in a reshaping of its regional and local programming that should enable it to seek out advertisers focused on areas wider than a single market.

52. Kroger Buys Eight Schnucks To Reopen -

Eight Memphis area Schnucks supermarkets will become Kroger stores in a purchase of the rival stores announced Friday, Sept. 2.

Executives of Kroger’s Delta Division announced the purchase, saying the eight stores will re-open under the Kroger name within weeks after a temporary closing.

53. Kroger Buys Eight Schnucks To Reopen -

Eight Memphis area Schnucks supermarkets will become Kroger stores in a purchase of the rival stores announced Friday, Sept. 2.

Executives of Kroger’s Delta Division announced the purchase, saying the eight stores will re-open under the Kroger name within weeks after a temporary closing.

54. Temple-Inland Reopens Bogalusa Paper Mill -

Austin, Texas-based Temple Inland Inc. is preparing to restart its paper mill in Bogalusa, La., the company said in a Monday, Aug. 29, filing with the Securities and Exchange Commission.

55. WaMu Asks Judge to Approve Reorganization Plan -

WILMINGTON, Del. (AP) – Attorneys for Washington Mutual Inc. and supporters of its bankruptcy reorganization plan are accusing creditors who stand to receive nothing of trying to hold the plan hostage with unfounded allegations of insider trading.

56. Outer County Homes Appeal to Variety Of Buyers -

For the past decade or so, many homebuyers have settled outside the Shelby County limits, flocking to outlying counties such as DeSoto, Tipton and Fayette.

Driving factors run the gamut from better schools to lower taxes to rural appeal. Lisa Farmer, agent with RE/MAX On Track who specializes in DeSoto County, said it all comes down to a matter of preference.

57. Holliday Flowers & Events to Reopen Union Ave. Store -

Holliday Flowers & Events will reopen its 1149 Union Ave. store Monday, Aug. 22.

The shop was closed after a truck crashed through the western wall several years ago. This will become 30-year-old Holliday Flowers & Events’ fourth location in the Memphis area.

58. The Belle to Reopen at Blues City Brewery -

A landmark in the local banquet facility industry reopens Saturday, Aug. 13, in Hickory Hill.

The Belle, a banquet hall with riverboat décor, is being reopened by Maxx Management LLC at what is becoming Blues City Brewery at 5241 E. Raines Road.

59. Nike Adds 400K Square Feet To Local Portfolio -

The world’s largest maker of athletic gear has signed a lease in Memphis’ Southeast industrial submarket to handle its newly acquired NFL contract.

Nike Inc. inked a 400,000-square-foot warehouse lease in Centerpointe Distribution Center No. 1, 3461 E. Raines Road. Built in 1994, the property, owned by San Francisco-based Prologis Inc., features 38 dock doors and an 11,687-square-foot office space component.

60. Orion Hits ‘Home Run’ With REO Placement Program -

A Memphis woman is getting a second chance at owning her own home, thanks to a rare program that takes hard work into account over credit scores. For Blondell Phillips, it’s the American Dream, Take 2.

61. Workout Surge -

As the Memphis summertime heat intensifies, fitness clubs across the area are seeing membership numbers rise thanks to a developing trend for healthier living and more active lifestyles.

It’s no secret that the Mid-South has ranked as one of the most unfit regions in the country. According to the 2010 “F as in Fat” report, Mississippi ranks No. 1 in overall obesity rate and Tennessee is tied for second with Alabama.

62. Coast Guard May Reopen River to Barge Traffic -

The U.S. Coast Guard is likely to allow some Mississippi River barge traffic to resume after an accident closed a nine-mile stretch at Baton Rouge, La., three days ago.

Petty Officer Stephen Lehmann said the Coast Guard expected to allow northbound barges to resume sometime on Monday. Southbound barges would be allowed to travel down the river once the northbound backup is cleared.

63. Home Sales Stumble in Fayette, Tipton Counties -

February home sales declined in Fayette and Tipton counties – 26.7 and 7.9 percent, respectively, from the same month a year ago – but local agents are hoping an uptick in online shoppers will translate into more activity in the months ahead.

64. Optimistic Elkington Weathering Real Estate Storm -

When the economy crashed in 2007, Griffin Elkington had just taken a principal broker position at River City Land Co.

65. Fire-Damaged Victory Bicycle Reopens in Cooper-Young -

Victory Bicycle Studio at 2294 Young Ave. in Midtown has reopened its doors after being damaged by fire in September.

66. Cash Infusion -

An El Paso, Texas-based investment firm has bought a “significant stake” in LEDIC Management Group LLC, a move that will enable the Memphis-based third party investment real estate firm to expand its national footprint, implement new technology, and hire additional employees.

67. Apartment Optimism -

Apartment owners and operators in the Memphis market forecast a bright 2011, boosted by a continued weak homebuying landscape and a lack of new multifamily product coming online within the market.

“2010 was certainly an improvement for the multifamily sector – both in operations and in sales – over 2009, and we expect to see more of the same next year,” said Blake Pera, senior vice president of CB Richard Ellis Memphis’ multifamily division. “Most operators experienced comfortable revenue growth throughout the year, and there is some positive momentum in continued stable occupancy and concession burn-off next year with the lack of new supply hitting the market.”

68. Sportsman’s Warehouse Reopens in Southaven -

Sportsman’s Warehouse aims to once again be Southaven residents’ one-stop shop for their outdoor needs once the retailer reopens in February with a full stock of hunting, fishing and camping gear, as well as clothing and footwear.

69. Multi-Housing Data Show Q3 Improvement -

Memphis’ third quarter market activity continued to show considerable improvement from year-end 2009.

The slow and steady growth is expected to continue through the end of this year.

Total occupancy remained consistent from the second quarter, but jumped 240 basis points from year-end 2009 to 91.7 percent, according to the latest multi-housing data from CB Richard Ellis Memphis.

70. Wal-Mart Price Cuts Could Reopen TV Price Fight -

NEW YORK (AP) – The intense TV price wars of 2009's holiday season may look like kids' play if competition takes off this year the way some analysts expect.

In what could be an opening salvo, Wal-Mart Stores Inc. said Tuesday that it will discount stock on hand of certain flat-panel TVs at 8 a.m. Saturday for two days or as long as supplies last.

71. MCS Court Ruling Reopens City Budget for Discussion -

Consider the city budget approved by the Memphis City Council in June now officially reopened for discussion.

Last week’s decision by the Tennessee Supreme Court that there would be no appeal of the two-year school funding lawsuit reopened the budget books. It has also put new emphasis on two years worth of bickering about exactly how much Memphis City Schools would be entitled to if it won.

72. Lamar Crossing Slated for Auction Block -

More than three years after developers broke ground on Lamar Crossing, the end is finally in sight for the beleaguered apartment complex.

Arvest Bank of Oklahoma, the bank that reclaimed the property when it ran into financial problems, has commissioned Marcus & Millichap Real Estate Investment Services to hold an online auction for the 120-unit property.

73. Preserve at Southwind Sells for $19.9 Million -

The Preserve at Southwind was sold back to the lender Tuesday afternoon on the Shelby County Courthouse steps for $19.9 million.

After two planned foreclosure sales of the 306-unit apartment complex had been adjourned, Wells Fargo Bank NA – operating in the transaction as 7991 Capilano Drive Holdings LLC – reclaimed the property with no other bidders showing up for the auction.

74. Lux to Reopen in New Cooper-Young Locale -

Lux owner Tadd Feazell is reopening his clothing store right after ending a going-out-of-business sale.

He swears the sale was not a marketing ploy. The store is coming back to life because he was offered a new location he couldn’t pass up, Feazell said.

75. Strickland Attempts To Reopen City Budget -

Memphis City Council members closed out their budget season two weeks ago, but council member Jim Strickland will take one more try at amending the budget plan at Tuesday’s council session.

76. New York Company Buys Gardenwood Apartments -

4975 Hoover Drive
Memphis, TN 38128
Sale Amount: $2.9 Million

Sale Date: May 17, 2010
Buyer: Gardenwood Apartments LLC
Seller: Bank of America NA
Loan Amount: $2.2 million
Loan Date: May 17, 2010
Maturity Date: N/A
Lender: Bloomfield Capital Partners Fund III LLC

77. CSX Reopens Line From Memphis to N’ville -

CSX Transportation on Tuesday reopened its Memphis-Nashville rail line that was damaged by severe flooding in Middle Tennessee.

Operations were scheduled to resume at 5 p.m. local time for the entire 200-mile line between the two cities. Additional maintenance work is still required on the line, the Jacksonville, Fla.-based railroad announced.

78. Gardenwood Apartments Fetch $2.9M From NY Buyer -

New York-based Besyata Corp. has paid $2.9 million for the 152-unit Gardenwood Apartments at 4795 Hoover Drive in Raleigh.

79. Home Sales Decline in April but Market Leaders Optimistic -

Real estate professionals won’t call April’s home sales disappointing, but with all the buzz surrounding the homebuyers tax credit that expired at the end of last month the final tally was underwhelming to say the least.

80. Carlisle Corp. Files Building Permit For Downtown Corporate Headquarters -

263 Wagner Place
Memphis, TN 38103
Permit Amount: $1.5 Million

Project Cost: $2.7 million
Permit Date: Applied April 2010
Completion: TBA
Owner: Carlisle Corp.
Tenant: Carlisle Corp.
Contractor: N/A
Architect: N/A

81. Philly Company Works to Stabilize Apartment Community -

Eight months after Philadelphia-based Resource Real Estate bought the Wyndridge Apartments in Hickory Hill, the company’s property management arm, Resource Residential, has made significant progress on a $3.6 million overhaul of the complex.

82. Woodbriar Sells to Chattanooga Investor -

The 172-unit Woodbriar Apartments at 4505 Wooddale Ave. in Oakhaven sold last week for $946,000 to a Chattanooga-based company called UIGTN LLC.

83. Multifamily Market Records Strong Q1 -

Memphis’ multifamily market registered a strong first quarter of 2010 as occupancy, rental rates and absorption all showed improvements, according to the latest data from CB Richard Ellis Memphis.

Occupancy rose 0.8 percentage points to 90.1 percent marketwide, with Class A and B (newer and better maintained) properties rising 0.7 percentage points to 91.6 percent.

84. Tricky Market -

Because loan defaults are a common occurrence in this difficult financial climate, last week’s news that the 306-unit Preserve at Southwind Apartments had been foreclosed could easily be chalked up to a case of “another one bites the dust.”

85. Fred’s Reopens Store As New Prototype -

Memphis-based Fred’s today is reopening its store at 4280 Getwell Road as a Fred’s Super Dollar.

The store is the new prototype for the retail chain.

86. Philadelphia-Based Investor Buys Waterstone Landing Apartments -

The Memphis multifamily market remains attractive to Resource Real Estate Inc., which has bought its second apartment complex here.

87. Questions Abound for Commercial Real Estate’s Future -

The commercial real estate market will need to navigate its way through a host of landmines before it sees anything resembling recovery.

That was the message Mark Dotzour, chief economist and director of research for the Real Estate Center at Texas A&M University, told local brokers, bankers and appraisers at Wednesday’s Commercial Property Forecast Summit, held at the Germantown Performing Arts Centre and sponsored by the Memphis Area Association of Realtors Commercial Council.

88. Pinebrook Pointe Gets Speedy Makeover -

The new owner of the Pinebrook Pointe Apartments at 3541 Mediterranean Drive didn’t waste any time with plans to rejuvenate the property.

89. Wal-Mart Stores Reorganizes US Operations -

NEW YORK (AP) - Wal-Mart Stores Inc., the world's largest retailer, said Thursday it is realigning its U.S. operations in an effort to give more autonomy to executives in regional markets and reinvigorate U.S. growth.

90. MLGW Reopens Summer Avenue Office -

Memphis Light, Gas and Water Division on Tuesday reopened its office at 2424 Summer Ave. in the Midtown/Binghampton area.

91. Sale Could Bring Improvements To Bella Vista -

Like many projects companies launched before the recession hit, the plan for rejuvenating the 432-unit Bella Vista Apartment Homes in Hickory Hill began with such promise.

In March 2007, a newly formed company, Maple Creek Advisors LLC of Dallas, made its first multifamily acquisition with plans to invest $4 million of renovations in the property.

92. Ministry Buys Apartment Complex With More Evangelizing in Mind -

Richard Hamlet formed Global Ministries Fellowship in 2003 to spread the gospel by addressing critical needs around the world.

The faith-based nonprofit organization, headquartered in Memphis, supports ministry programs that build churches, educate children, combat hunger and perform other humanitarian deeds on five continents.

93. Migliara Buys Summer Avenue Retail Center from Las Vegas Owner -

6343 U.S. 70 (Summer Ave.)
Memphis, TN 38134
Sale Amount: $1.2 Million

Sale Date: Nov. 25, 2009
Buyer: Lawrence Migliara
Seller: Biz Point Property Group LLC
Loan Amount: $1.2 million
Loan Date: Nov. 25, 2009
Maturity Date: Dec. 5, 2014
Lender: Trustmark National Bank

94. Daly’s Former Home Has New Owner -

Professional golfer John Daly’s former home on Legends Drive in Germantown has a new owner. Scott and Niloofar Baymiller bought the two-story, 7,671-square-foot home Nov. 30 for $950,000 from an entity called Selene RMOF REO Acquisition LLC.

95. Airport Authority Files Permit For Parking Garage, Rental Car Facility -

2491 Winchester Road
Memphis, TN 38116
Permit Amount: $135 Million

Project Cost: $150 million
Permit Date: Applied October 2009
Completion: TBA
Owner: Memphis-Shelby County Airport Authority
Tenant: Memphis International Airport
Contractor: TBA
Architect: Walker Parking Consultants

96. Resource Real Estate Files Loan on Wyndridge -

Philadelphia-based Resource Real Estate Inc. has filed a $13 million trust deed through Varde Investment Partners LP for the Wyndridge Apartments in Hickory Hill North.

97. Colliers Takes On Tough Project -

A retail portfolio hit hard by the slumping economy has a new temporary owner and a new leasing/management team. Now those entities are charged with repositioning the assets so a buyer can step in and have a better shot at building long-term success.

98. Overlook Apartments Sell for $1.5 Million -

The 252-unit Overlook Apartments complex at 3085 and 3158 Steele St. in Frayser sold Oct. 1 for a combined $1.5 million to a Chattanooga-based company called UIGTN LLC. The entity bought the property as an REO (real estate owned) asset from LNR Partners Inc. of Florida, which operated in the deal as LBUBS 2001-C3 Steele Street.

99. Q3 Multifamily Occupancy, Absorption Rates Improve -

The Memphis multifamily market fared well during the third quarter amid a difficult economy, as occupancy rates and absorption improved, according to the latest data from CB Richard Ellis Memphis.

100. New Owner Hopes to Improve Apartment Complex -

Philadelphia-based Resource Real Estate Inc. has pulled the trigger on Shelby County’s third-largest commercial real estate deal of the year, paying $9.5 million for the Wyndridge Apartments in a special warranty deed.