Editorial Results (free)
1.
Owner Files $1.7 Million Loan on Arlington Center -
Tuesday, May 14, 2013
The new owner of the 13,658-square-foot retail center at 9915 U.S. 64 in Arlington has filed a $1.7 million loan on the property.
HGG Investments LLC filed the deed of trust May 6 through First Citizens National Bank. The financing was in conjunction with HGG Investments obtaining the property in a quitclaim deed from Robert E. Harris, Beverley R. Harris, Becky J. Graybill and Andrew P.P. Golay.
2.
Boyle Celebrates 80 Years, Sponsors Art Exhibit -
Monday, March 18, 2013
Boyle Investment Co. turns 80 this year, and has partnered with the Memphis Brooks Museum of Art to celebrate.
3.
Levenger Leases Up EastPark IV -
Friday, December 14, 2012
A Delray Beach, Fla.-based specialty retail company is relocating its Memphis distribution warehouse within the Southeast submarket.
Levenger has inked 96,400 square feet in EastPark Distribution Center IV, 5265 Hickory Hill Road, bringing the 372,800-square-foot building to full occupancy. Levenger also has an operation at 3530 E. Raines Road.
4.
Gen X Inks State’s First Location on Austin Peay -
Friday, November 16, 2012
A trendy Vernon, Calif.-based retailer has inked its first Tennessee location in Austin Peay Plaza.
Gen X Clothing Inc. signed a 35,000-square-foot lease at 3252 Austin Peay Highway. The space was formerly occupied by Big Lots.
5.
Corporate Avenue Building Sells for $1.2 Million -
Tuesday, November 06, 2012
1721 Corporate Ave. Memphis, TN 38132
Sale Amount: $1.2 million
Sale Date: Oct. 26, 2012
6.
Praxair, nexAir Form Joint Venture -
Wednesday, August 08, 2012
Danbury, Conn.-based industrial gases company Praxair Inc. and Memphis-based nexAir LLC are forming a joint venture that will enable the combined business to have a bigger reach and broader mix of services for customers.
7.
Aren Buys SE Memphis Warehouse For $1.3M -
Friday, June 22, 2012
Trane U.S. Inc. has sold its parts distribution center in Southeast Memphis for $1.3 million.
Aren Investments LLC of Memphis acquired the 99,375-square-foot distribution warehouse at 4250 Concord Road. The company, which used a 1450 Massey Road address on the Shelby County Register of Deeds, financed the purchase with an $800,000 loan through BancorpSouth Bank. Igal Elfezouaty signed the trust deed as managing member of Aren.
8.
Market Value -
Monday, May 14, 2012
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.
9.
Philippine Spotlight -
Monday, May 14, 2012
Tourism is big business, but there are concerns about infrastructure.
New education reforms are going from the drawing board to the classroom.
Government corruption is recognized as a deterrent to economic development efforts.
10.
New York Co. Buys Into Four Lenox Park Bldgs. -
Tuesday, May 08, 2012
3150 Lenox Park Blvd., 6750 Lenox Center Drive, 6745 Lenox Center Court and 6775 Lenox Center Court Memphis, TN 38115
11.
Westwood Apt. Complexes Sell for $1M in Foreclosure -
Tuesday, May 01, 2012
Memphis-based Washington Manor Investments LLC has bought the Oak Run and Southern Pines apartment complexes at 1960 Florida St., 25 Belz Blvd. and 41 Belz Blvd. at a Friday, April 27, foreclosure sale for $1 million.
12.
Construction Loan Filed To Develop Lamar Crossing -
Tuesday, March 20, 2012
2881 Lamar Ave.
Memphis, TN 38114
Loan Amount: $5.4 million
Loan Date: March 1, 2012
13.
Multipurpose Bldg. Planned for Soulsville Charter School -
Tuesday, February 07, 2012
1115 College St.
Memphis, TN 38106
Permit Cost: $4 million
Permit Date: Applied February 2012
Owner: The Soulsville Foundation
Tenant: The Soulsville Foundation
Details: The Soulsville Foundation has filed a $4 million building permit application with the city-county Office of Construction Code Enforcement for a 15,000-square-foot, one-story, multipurpose building at The Soulsville Charter School.
14.
Holmes Road Acreage, Lots Sell for $1.6M in Foreclosure -
Monday, December 26, 2011
Property on Holmes Road
Memphis, TN 38109
Sale Amount: $1.6 million
Sale Date: Nov. 18, 2011
Buyer: Renasant Bank
15.
Cross Creek Shopping Ctr. Sells for $12.7 Million -
Tuesday, November 22, 2011
3469 Riverdale Road, 3505 Riverdale Road and 3587 Riverdale Road
Memphis, TN 38115
Sale Amount: $12.7 million
16.
Nissan North America Renews Lease In SE Shelby -
Friday, October 28, 2011
Nissan North America Inc. has renewed its 413,000-square-foot lease in Southeast Shelby County.
17.
JLS Enterprises Buys SE Market Warehouse -
Friday, September 02, 2011
A 51,000-square-foot industrial building in the Southeast submarket has traded hands. JLS Enterprises LLC purchased 4021 Delp St. in Airport Industrial Park for $850,000. The warehouse currently houses Coca-Cola Enterprises Inc. and is 100 percent occupied.
18.
Airport Hotel, Conference Center Sells for $4.4M in Foreclosure -
Tuesday, August 16, 2011
2240 Democrat Road
Memphis, TN 38132
Sale Amount: $4.4 million
Sale Date: July 22, 2011
19.
Nike Adds 400K Square Feet To Local Portfolio -
Friday, July 29, 2011
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.
20.
Mississippi Co. Finances Shelby County Car Washes -
Tuesday, July 26, 2011
Byhalia-based Mid-South Car Wash Investors Fund I LLC has financed multiple car wash locations across Shelby County through Liberty Bank of Arkansas for $8.9 million.
21.
Balton Uses Biz Venture Exp. to Aid Small Biz -
Friday, July 22, 2011
After serving in the U.S. Air Force for four years and studying accounting at the University of Hawaii between Air Force duties, Steve Balton decided he wanted to use his skills as a consultant for a full-time job.
22.
Arlington Shopping Center Financed for $1.5 Million -
Thursday, July 14, 2011
Slidell, La.-based Southeast Investments LLC has financed a nearly 24,000-square-foot shopping center at 6050 Air Line Road in Arlington for $1.5 million through Trustmark National Bank. The loan matures July 5, 2016.
23.
Blues City Brewery Buys Hardy Bottling -
Tuesday, May 17, 2011
5151 E. Raines Road
Memphis, TN 38118
Sale Amount: $10 million
Sale Date: May 2, 2011
Buyer: Blues City Brewery LLC
Seller: Chism Hardy Enterprises LLC
24.
FedEx Files $10.8M Permit For Demolition Work -
Tuesday, April 19, 2011
2781 Democrat Road
Memphis, TN 38118
Permit Amount: $10.8 million
Permit Date: Applied April 2011
Owner: FedEx
Tenant: FedEx
Contractor: Flintco Inc.
25.
Houston Levee Shopping Ctr. Sells for $525,000 -
Tuesday, April 12, 2011
A N Investments LLC has bought a neighborhood shopping center from Regions Bank for $525,000. The deal closed April 1 and was financed with a $420,000 loan through First Tennessee Bank NA.
26.
Collierville-Based Venture Buys Summer Gas Station -
Monday, April 11, 2011
Collierville-based SAN Investments Inc. has bought a gas station at 6105 Highway 70 (also known as 6105 Summer Ave.) from JD Ventures II LLC for $1.3 million. The deal closed April 4.
27.
WPG Americas Signs Lease in Southaven -
Friday, March 18, 2011
A San Jose, Calif.-based worldwide electronics distributor is entering the Memphis area with full force.
WPG Americas Inc. has signed a 54,000-square-foot lease at Airways Distribution Center, 481 Industrial Drive, in Southaven. The project – a relocation of the WPG America’s New York facility – represents a $1.5 million investment by the company and will create 60 jobs over the next three years.
28.
Infinity Real Estate Buys Office Building for $1.2 Million -
Tuesday, March 08, 2011
5100 Sanderlin Ave.
Memphis, TN 38117
Sale Amount: $1.2 million
Sale Date: Feb. 16, 2011
Buyer: Infinity Real Estate LLC
Seller: Blanchard E. Tual, successor trustee of the Don Wallace Morgan Family Trust created under the last will and testament of Don Wallace Morgan dated Dec. 8, 2003, and Mary Katherine Fouts and Douglas A. Garner, co-trustees of the Fouts Estate Family Trust created under the last will and testament of Jimmie Darrell Fouts dated June 15, 2005
Loan Amount: $1.3 million
Loan Date: Feb. 16, 2011
Maturity Date: Feb. 16, 2026
Lender: First Tennessee Bank NA
29.
Collierville Land Sells at Foreclosure Sale -
Wednesday, March 02, 2011
Memphis-based CGL Investments LLC has bought two parcels of vacant land in Collierville at a foreclosure sale for $942,400. The parcels were originally owned by MSMM-II Realty Investment Co., which defaulted on a 2005 loan.
30.
Dotzour Outlines CRE Future at MAAR Summit -
Thursday, February 10, 2011
For this year’s version of the commercial real estate industry to differ from 2010, the economy needs one thing – jobs.
That was the message Mark Dotzour, chief economist and director of research for the Real Estate Center at Texas A&M University, told a room full of 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.
31.
Obama Goal: 'Putting the Economy Into Overdrive' -
Tuesday, January 25, 2011
SCHENECTADY, N.Y. (AP) – More than half the nation disapproves of President Barack Obama's policies to reduce stubbornly high unemployment, a new Associated Press-GfK poll said Friday as Obama refocused his job-creation efforts on a business-friendly vision emphasizing innovation and exports to other countries.
32.
Louis Dreyfus Buys Kentucky Drive Warehouse -
Tuesday, January 25, 2011
2514 Kentucky Drive
Memphis, TN 38106
Sale Amount: $2.4 million
Sale Date: Dec. 28, 2010
Buyer: Louis Dreyfus Commodities Memphis Warehousing LLC
Seller: Westside Compress Co. Inc.
33.
Bartlett Applebee’s Sells to Arizona Investment Company -
Tuesday, October 26, 2010
2890 Bartlett Blvd.
Bartlett, TN 38134
Sale Amount: $1.9 Million
Sale Date: Oct. 8, 2010
Buyer: Cole AP Bartlett TN LLC
Seller: DBAPPLEF LLC
34.
Bartlett Applebee's Sells for $1.9 Million -
Monday, October 25, 2010
The Applebee’s Neighborhood Grill and Bar at 2890 Bartlett Blvd. in Bartlett has sold for $1.9 million to Cole AP Bartlett TN LLC, an entity related to Phoenix-base Cole Real Estate Investments.
35.
Memphis Hosts Biomass South 2010 This Week -
Tuesday, October 12, 2010
Mid-South residents who want to learn about opportunities in the new age of agriculture can learn from national experts this week as Memphis hosts Biomass South 2010.
The conference focuses on how the global economy is transitioning from one based on fossil fuels to one based on biomass products. The possibilities extend far beyond ethanol, said Pete Nelson, AgBio co-coordinator for Memphis Bioworks Foundation.
36.
Galloway Gardens Apartments Sells for $1.1 Million -
Tuesday, September 07, 2010
1565 Galloway Ave.
Memphis, TN 38112
Sale Amount: $1.1 Million
Sale Date: Aug. 27, 2010
Buyer: Galloway Gardens LLC
Seller: Steve Benetti and Virginia Benetti
Loan Amounts: $200,000; $200,000; $916,937 (assumption)
Loan Date: Aug. 27, 2010
Maturity Dates: Aug. 27, 2011 ($200,000); Sept. 15, 2015 ($200,000); Sept. 10, 2013 ($916,937)
Lender: Regions Bank
37.
IP Turns Loss Into Profit, Still Disappoints -
Thursday, July 29, 2010
International Paper Co. is back in the black.
The Memphis-based company said it earned $93 million during the second quarter, a turn-around from the $162 million loss during the first three months of the year.
38.
IP Turns Loss Into Profit, Still Disappoints -
Wednesday, July 28, 2010
International Paper Co. is back in the black.
The Memphis-based company said Wednesday it earned $93 million during the second quarter, a turn-around from the $162 million loss during the first three months of this year.
39.
Rebounding Activity -
Monday, May 17, 2010
Shelby County homebuilders last month reached triple digits with new home permits for the first time in nearly two years.
But instead of congratulating themselves for the increase in activity, companies are focused now on maintaining momentum and further pulling themselves out of the biggest homebuilding slump in recent memory.
40.
Homebuilding Permits Up in Q1 -
Wednesday, April 14, 2010
New home permits in the first quarter rose for the fifth-straight period, further solidifying hopes of a full-scale housing recovery
Shelby County builders filed 175 permits in the first quarter, an 80.4 percent increase from 97 during the same period in 2009 and a 2.3 percent increase from 171 permits in the fourth quarter of last year, according to the latest figures from real estate information company Chandler Reports, www.chandlerreports.com.
41.
Poor January Home Starts Blamed on Inclement Weather -
Tuesday, February 16, 2010
January’s foul weather wreaked havoc on homebuilders, as the barrage of snow, ice and cold temperatures severely limited the ability to start homes.
Shelby County builders filed just 36 new home permits last month, half of December’s 72, but a slight increase from the January 2009 total of 31, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
42.
DeSoto Officials Eye I-269’s Potential -
Wednesday, February 03, 2010
Interstate 69 is dubbed the “NAFTA Highway” after the North American Free Trade Agreement because it will course through the central U.S. from Canada to Mexico, connecting the continent’s three nations.
43.
Freight Central -
Wednesday, January 20, 2010
When Bruce Lambert was looking for a place to host a regional freight conference, he set his sights on a city about six hours upriver from his hometown of New Orleans.
44.
Multifamily Survives Q4, Year -
Thursday, January 14, 2010
The fourth quarter of 2009 proved to be a decent period for the local multifamily industry during an otherwise lackluster year. Though some market trends remained relatively unchanged from third quarter, the apartment sector enjoyed a rush of investment sales as more investors pulled the trigger on deals.
45.
Crichton College Sale Closes To California Entrepreneur -
Tuesday, January 05, 2010
255 N. Highland St.
Memphis, TN 38111
Sale Amount: $5.3 Million
Sale Date: Dec. 1, 2009
Buyer: SignificantPsychology LLC
Seller: Crichton College
Loan Amounts: $4.3 million and $1.1 million
Loan Dates: Dec. 1, 2009
Maturity Dates: N/A
Lenders: SunTrust Bank and Crichton College
46.
McKesson’s Retention Rides on IDB, PILOT Tweaks -
Wednesday, November 18, 2009
Members of the Memphis-Shelby County Industrial Development Board were told last month the board’s tax incentive program needs to be tweaked – and soon. The reason: a major economic development project coming before them in November needs the new provisions.
47.
Public-Private Partnerships at Center of Freight Conference -
Wednesday, November 11, 2009
Memphis’ intermodal and freight capabilities are legendary. The city has boasted the world’s busiest cargo airport for 17 straight years thanks to hometown shipping giant FedEx Corp.
48.
Wright Medical Buys Arlington Bldg. For Distribution Needs -
Tuesday, November 10, 2009
11481 Gulf Stream Ave.
Arlington, TN 38002
Sale Amount: $1.6 Million
Sale Date: Oct. 29, 2009
Buyer: Wright Medical Technology Inc.
Seller: Covington Furniture Manufacturing Co.
Details: Wright Medical Group Inc. has bought a 56,340-square-foot building at 11481 Gulf Stream Ave. near its Arlington campus to increase distribution capacity. Operating in the transaction as Wright Medical Technology Inc., the company paid $1.6 million for the building, which was completed in 1973 and sits on 4.29 acres near the intersection of Tenn. 385 and U.S. 70.
49.
SunShine Car Wash Slated For Poplar and Colonial -
Thursday, November 05, 2009
SunShine Carwash Partners LLC has bought the parcel at 4831 Poplar Ave. in East Memphis with plans to build a tunnel wash facility there. The company on Oct. 30 paid $500,000 for the property from BCH Investments LLC and on the same day filed a $1 million loan through Landmark Community Bank.
50.
Buffett’s Berkshire Buying Burlington Northern -
Wednesday, November 04, 2009
NEW YORK (AP) – Warren Buffett’s Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp., making a $34 billion bet on the future of the U.S. economy.
51.
High-Dollar Deal Boosts Commercial Real Estate -
Tuesday, October 27, 2009
Following what has become a pattern, the local commercial real estate market in September was salvaged by one large deal that offset an otherwise dreary month.
This time it was Resource Real Estate Inc. to the rescue. The Philadelphia-based company bought the Wyndridge Apartments for $9.5 million Sept. 29 and carried the weight for Shelby County’s commercial activity during the month.
52.
New Owner Hopes to Improve Apartment Complex -
Tuesday, October 06, 2009
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.
53.
CN’s Harrison Yard Elevates Railroad, Memphis -
Monday, September 28, 2009
E. Hunter Harrison’s railroad legacy was cemented last week when Canadian National Railway Co. renamed its Johnston Yard freight car switching facility after him.
54.
Louisiana Investor Buys Arlington Retail Center -
Tuesday, September 15, 2009
6050 Air Line Road
Arlington, TN 38002
Sale Amount: $1.8 Million
Sale Date: Sept. 2, 2009
Buyer: Southeast Investments LLC
Seller: Pleasant Place LLC, Waymon H. Welch, Danya Welch, Dawn Welch, Jon E. McCreery, Phillip Chamberlain
55.
Arlington Center Sells for $1.8 Million -
Wednesday, September 09, 2009
Southeast Investments LLC of Slidell, La., has bought a 23,952-square-foot retail center at 6050 Air Line Road in Arlington for $1.8 million in a deed in lieu of foreclosure. The sellers were Pleasant Place LLC, Waymon H. Welch, Danya Welch, Dawn Welch, Jon E. McCreery and Phillip Chamberlain. The sale closed Sept. 2.
56.
Redevelopment Ahead for Poplar-Colonial Intersection -
Tuesday, August 25, 2009
Change is coming to a busy East Memphis intersection, where a car wash will soon be built as the first piece of a larger redevelopment plan.
SunShine Car Wash is planning a new facility at the southeast corner of Poplar Avenue and Colonial Road, on land the company’s owners recently acquired. Last month a group called BCH Investments LLC bought three parcels – 4811, 4825 and 4831 Poplar Ave. – for $1.4 million.
57.
Another Black Eye for Commercial Real Estate -
Monday, August 24, 2009
Commercial real estate sales suffered yet another decline in July as the ongoing economic crisis and tightened lending landscape continued to wreak havoc on the market.
Just 45 sales were made last month in Shelby County, down 24 percent from 59 sales in July 2008 and even down 15 percent from 53 sales in June, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
58.
Local Logistics Industry Embraces Norfolk Southern Expansion -
Wednesday, July 22, 2009
Although Norfolk Southern Corp.’s planned $129 million intermodal yard won’t be built within the city limits but instead in neighboring Rossville, Memphis’ logistics and distribution industries stand to benefit from the railroad’s decision to expand its local presence.
59.
Here Comes the Sun: Memphis’ cut of the state’s solar energy plan -
Monday, July 20, 2009
The Sharp Manufacturing plant in Hickory Hill has always been a symbol as much as a working part of the city’s economic infrastructure.
The plant on South Mendenhall Road represents the city’s first truly international big business presence. It opened in 1978 after Japanese executives came to Memphis to negotiate directly with city leaders. And once the deal closed, a now-legendary picket line was thrown up by local union leaders. The picketing symbolized organized labor’s determination to have a voice in local economic development.
60.
Dodd's Wife Serves on Health Care Company Boards -
Monday, June 15, 2009
WASHINGTON (AP) - The wife of a senator playing a lead role on a national health care overhaul sits on the boards of four health care companies, one of several examples of lawmakers with ties to the medical industry.
61.
Collier Lincoln Mercury Dealership Sold Back to Bank -
Tuesday, June 02, 2009
2177 Covington Pike
Memphis, TN 38128
Sale Amount: $2.5 Million
Sale Date: May 22, 2009
Buyer: First Tennessee Bank NA
Seller: LaToya L. Williams, substitute trustee
62.
Next Stop: Norfolk Southern’s intermodal plans take shape -
Wednesday, March 18, 2009
The freight trains that rumble through Memphis are hard to ignore, especially the ones that parallel or bisect main thoroughfares and disrupt traffic. But even people who don’t cross railroad tracks during their commutes are likely to hear the distant blare of horns at some point during the day as locomotives make their way into and out of the city.
63.
Industrial Real Estate Shows Rare Q1 Weakness -
Tuesday, May 05, 2009
Industrial real estate in many ways is the backbone of Memphis’ economy, providing warehouse and distribution space to the myriad transportation companies that move freight in and out of the city.
That sector began 2009 by showing rare signs of weakness, suffering its first three-month period of negative absorption since late 2007. The Memphis Metropolitan Statistical Area saw a loss of 521,677 square feet in the first quarter, according to quarterly data released last week by the Memphis office of CB Richard Ellis.
64.
Former Cordova Applebee’s To Be Converted to IHOP -
Tuesday, April 14, 2009
1106 N. Germantown Parkway
Cordova, TN 38016
Sale Amount: $1.3 Million
Sale Date: April 2, 2009
Buyer: Hotcakes Cordova Venture LLC
Seller: Gourmet Systems Inc.
Loan Amount: $1.6 million
Loan Date: April 2, 2009
Maturity Date: Sept. 30, 2014
Lender: Branch Banking and Trust
65.
Dental Building Sold In Cordova -
Tuesday, March 24, 2009
850 Willow Tree Circle, Suite 101
Cordova, TN 38018
Sale Amount: $800,000
Sale Date: March 11, 2009
Buyer: Jason Collier
Seller: William and Jeanne Locante
Loan Amounts: $633,200; $160,000
Loan Dates: March 11, 2009 (both)
Maturity Date: N/A
Lenders: The Huntington National Bank; William and Jeanne Locante
66.
Storage Portfolio Sells for $2.4 Million -
Wednesday, March 11, 2009
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.
67.
Real Estate Investor Finds Gold in Arkansas Land -
Monday, November 03, 2008
As homebuilders and developers scramble to adapt to the sagging real estate market, Jeff Barry, owner of Memphis-based Barry Properties LLC, knows he was fortunate enough to find a niche seemingly impervious to the downturn.
68.
Lightman Realty to Begin Phase II of Centennial Gardens -
Tuesday, October 14, 2008
7751 Centennial Drive
Memphis, TN 38125
Permit Amount: $10.6 Million
Project Cost: $14 million
Permit Date: Applied October 2008
Completion: 2010
Owner: Michael Lightman Realty Co.
Tenant: Michael Lightman Realty Co.
Contractor: Patton & Taylor Construction Co.
Architect: MMH Hall Architects and Planners Inc
69.
Jackson Avenue Properties Transformed Into Flea Market -
Tuesday, June 17, 2008
3972 Jackson Ave.
Memphis, TN 38128
Sale Amount: $1 Million
Sale Date: May 30, 2008
Buyer: Anthony Joseph Campos Sy, trustee for Anthony Joseph Campos Sy Trust Dated June 26, 2007
Seller: MIP Properties, Craig S. Mednikow and Stacy P. Mednikow
Loan Amount: $380,000
Loan Date: May 30, 2008
Maturity Date: June 1, 2010
Lender: Craig S. Mednikow and Stacy P. Mednikow
Details: Joseph Sy has added the final piece of the puzzle for his forthcoming open-air flea market on Jackson Avenue. Sy, a developer who spends time in Nevada and Memphis, has bought a 17,686-square-foot retail center at 3792 Jackson Ave., south of the Jackson–Interstate 40 interchange.
70.
Pedcor Files Construction Loan For Ashland Lakes Phase II -
Tuesday, May 27, 2008
Address: 7660 State Line Road
Memphis, TN 38125
Sale Amount: $1.3 Million
Sale Date: May 13, 2008
Buyer: Pedcor Investments-2007-CVIII LP
Seller: Pedcor Investments
71.
California Group Buys Hickory Hill Warehouse -
Thursday, May 15, 2008
A group from Corona, Calif., has bought the 42,240-square-foot warehouse at 5628 Distribution Drive in the Hickory Hill area for $1.6 million from Cherokee Lumber & Investments LLC. The sale date was May 5, and the buyer financed the purchase with a loan through U.S. Bank NA.
72.
Archived Article -
Tuesday, October 09, 2007
5135 Quince Road
Memphis, TN 38117
Sale Amount: $5.4 million
Sale Date: Sept. 19, 2007
Buyer: Quince Ave Memphis LLC (85 percent interest) and KJF/Faris LLC (15 percent interest)
73.
Calif.-Based InvestorBuys Frayser Restaurant -
Tuesday, October 02, 2007
RAM Investments of Tennessee LLC, an Encino, Calif.-based company, bought the site of a Wendy's restaurant at 2221 Frayser Blvd. for $1.2 million. The seller was Orlando, Fla.-based CNL Net Lease Funding 2003 LLC.
&n74.
Commercial Sales See 26% Rise Over Last Year -
Thursday, August 23, 2007
Large real estate deals tend to garner recognition with their high-dollar price tags and high-volume portfolios. But it's the untold small- and medium-sized transactions that help keep a market healthy and vital.
75.
Archived Article -
Tuesday, May 22, 2007
939 Ridge Lake Blvd.
Memphis, TN 38120
Sale Amount: $45 million
Sale Date: May 9, 2007
Buyer: RBD Memphis LLC
76.
Atlanta Owner Has High Hopes For Hickory Hill Office Complex -
Tuesday, April 17, 2007
Sometimes the most important factor in real estate isn't location, location, location. Sometimes it's ownership, ownership, ownership.
That could prove true for the EastPointe Business Center at 3915 S. Mendenhall Drive just south of Winchester Road in Hickory Hill.
77.
For Bella Vista Buyers, Hickory Hill Is a Beautiful Site Indeed -
Tuesday, April 03, 2007
3316 Hickory Hill Road
Memphis, TN 38115
Sale Amount: $10.9 million
Sale Date: March 22, 2007
Buyer: Maple Creek Properties I LP
78.
NNN Healthcare/Office REITBuys Lenox Office Park Building G -
Wednesday, March 28, 2007
NNN Healthcare/Office REIT Inc. announced on Monday the acquisition of Lenox Office Park Building G and two vacant parcels of land. The acquisition closed Friday.
Lenox Park G is a four-79.
Stockholders Sue ServiceMaster, Claim Unfair Share Prices -
Friday, March 23, 2007
Three separate class action complaints were filed against The ServiceMaster Co. in Shelby County courts this week, alleging inadequate and unfair pricing of publicly owned shares of ServiceMaster stock related to the company's acquisition by New York-based Clayton, Dubilier & Rice Inc. (CD&R).
80.
Archived Article -
Tuesday, February 27, 2007
Airport Business Park
North of Democrat Road
Sale Amount: $13.8 million
Sale Date: Feb. 21, 2007
81.
Airport Business ParkSells for Nearly $14 Million -
Monday, February 26, 2007
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 Busin82.
Archived Article -
Tuesday, December 12, 2006
Properties in Collierville, Memphis,
Jackson, Tenn., and Southaven
Loan Amount: $9.3 million
Loan Date: Nov. 30, 2006
83.
U.S. 64 Retail CenterSells for $1.6 Million -
Wednesday, December 06, 2006
Farley Properties LLC has bought an 8,400-square-foot strip shopping center at 9755 U.S. 64 from Misty Bay LLC for $1.6 million. The purchase was financed with a $1.1 million loan through Morgan Stanley Mortgage Capital 84.
Archived Article -
Tuesday, October 24, 2006
6105 Apple Tree Drive
Memphis, TN 38115
Sale Amount: $2.5 million
Sale Date: Oct. 2, 2006
Buyer: AMS Memphis 1 Investments LLC
85.
Starbucks Opens On Houston Levee Road -
Friday, October 06, 2006
Bayrock Investment Co. has bought a new Starbucks Coffee at 1181 N. Houston Levee Road from NENR Investments LLC for $1.2 million.
The coffee shop, which opened Sept. 26, is on .66 acre86.
North Carolina's Bell & Co. Scoops Up Memphis Apartments -
Friday, August 18, 2006
Steven D. Bell & Co. of Greensboro, N.C., has bought The Trails at Mt. Moriah housing complex in a $163 million acquisition of 10 apartment communities, most of which are in North Carolina's Piedmont Triangle area.
87.
Something to Talk About -
Thursday, August 17, 2006
Spurred on by the transformation of the Memphis Medical District into a world-class research center, local planners will seek approval next month for a new set of regulations that govern development in the area.
88.
Archived Article -
Tuesday, August 08, 2006
7761 U.S. 64
Memphis, TN 38133
Sale Amount: $17 million
Sale Date: July 7, 2006
Buyer: TENN CMX Owner LLC
89.
Archived Article -
Tuesday, August 01, 2006
Five lots
in Enclave
Loan Amount: $15 million
Loan Date: July 18, 2006
Maturity Date: Aug. 31, 2007
90.
Archived Article -
Tuesday, May 16, 2006
50-51 Harbor Town Square
Memphis, TN 38103
Loan Amount: $9.3 million
Loan Date: May 2, 2006
Maturity Date: May 2, 2011
91.
Eyesores Razed at Crump and I-240 -
Monday, March 06, 2006
Much of E.H. Crump Boulevard has been on the decline in recent years, but several projects could change that.
Probably the largest development along the South Memphis roadway is University Place at the southwest corner of Interstate 240 and Crump. It's being built over the former site of the 478-unit Lamar Terrace, a public housing development that sat abandoned for several years until being razed recently. Construction crews also have cleared the vacant Baptist Rehabilitation Hospital building and several others near it.
92.
Archived Article: Lead -
Wednesday, June 08, 2005
New Apartment Project On Tap For Southeast Shelby County Apartments Planned For Shelby Drive Area
Southwind Lakes is Pedcors first Tennessee Venture
ANDY MEEK
The Daily News
Pedcor Investments, an Indiana-based real estate development...
93.
Archived Article: Lead -
Monday, March 14, 2005
New Jersey Company Invests in Memphis Multifamily Empire Group Grows Memphis Portfolio
New Jersey company buys two more multifamily properties
LANCE ALLAN
The Daily News
Just months after investing more than $45 million in two Memphis...
94.
Archived Article: Trends Focus -
Monday, October 11, 2004
By Andy Meek Venture Capital Picture Improves in Memphis
ANDY MEEK
The Daily News
The entrepreneurial spirit is alive and well in Memphis. Thats the judgment of venture capital industry professionals such as Jim Witherington, managing pa...
95.
Archived Article: Real Recap -
Tuesday, August 03, 2004
8635 Highway 64 Holiday Inn Express Sells for $2.2 Million
8635 U.S. Highway 64
Memphis, TN 38133
Cost: $2.2 million
Buyer: First Lotus LLC
Seller: Wilson Inn-4064 Inc.
Property: Holiday Inn Express at 8635 U.S. Highway 64 near ...
96.
Archived Article: Trends Focus -
Monday, August 02, 2004
Kuzdas notes Collierville Faces Growth With Strict Standards
ANDY MEEK
The Daily News
Collierville officials view the bustling East Memphis suburb as an emerging island of commercial development, easily distinguished in its look and plan...
97.
Archived Article: Real Recap -
Tuesday, January 13, 2004
6310 Poplar Ave Developers Make Plans for Former Church Property 6310 Poplar Ave.
Memphis, TN 38117
Cost: $3.1 million
Buyer: WN Poplar-Massey
Seller: Kingsway Christian Church of Memphis, Tenn.
Property: Two acres at 6310 Poplar A...
98.
Archived Article: Real Focus -
Tuesday, January 13, 2004
MAAR MAAR President Focuses on Affordable Housing
LANCE ALLAN
The Daily News
With home sales numbers setting records virtually every month in 2003, the Memphis residential real estate market has experienced a nice run thats not expected ...
99.
Archived Article: Real Review -
Tuesday, July 01, 2003
Fogelman Management Group nabs national awards Fogelman Management Group nabs national awards
Fogelman Management Group recently received two Paragon Awards from the National Apartment Association.
The Paragon Awards are given annually by t...
100.
Archived Article: Standout -
Friday, May 16, 2003
Developer trumps home run projects with series of hits Developer trumps home run projects with series of hits
By ANDREW BEL
The Daily News
James Rasberry zips down his driveway on picturesque Central Avenue, peddling for exercise but sho...