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Editorial Results (free)

1. Owner of Air Trans Warehouse Files Loan -

The owner of the 224,749-square-foot warehouse at 4120 Air Trans Road in Oakhaven has filed a $3.8 million loan on the property.

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

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

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

The Polo Shops retail center on Winchester Road in Southeast Memphis has sold for $3.1 million following a foreclosure.

An entity called TOP11 - 7444 Winchester RD LLC bought the property, whose addresses are 7444 Winchester Road and 7464 Winchester Road, in a Feb. 19 substitute trustee’s deed from R. Spencer Clift III of Baker, Donelson, Bearman, Caldwell & Berkowitz PC.

4. Bass Pro Shops Files $40 Million Permit -

1 A.W. Willis Ave.
Memphis, TN 38103
Permit Cost: $40 million

Project Cost: $150 million

Permit Date: Applied September 2013

Completion: 2014

Owner: City of Memphis

5. Dallas Company Buys Cordova Storage Facility -

The Cordova Stor-N-Lock at 1570 Bonnie Lane has sold for $2.1 million for the second time in four months after facing foreclosure.

6. Jamesbridge Apartments Sell for $3.6 Million -

3689 James Road Memphis, TN 38128

Sale Amount: $3.6 million

Sale Date: June 6, 2013

7. 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.

8. Oakhaven Warehouse Sells After Foreclosure -

4120 Air Trans Road, Memphis, TN 38118

Sale Amount: $2.5 million

Sale Date: May 7, 2013

9. Oakhaven Warehouse Sells After Foreclosure -

The 224,749-square-foot warehouse at 4120 Air Trans Road in Oakhaven has sold for $2.5 million following a foreclosure.

10. Cordova Stor-N-Lock Sells for $2.1 Million -

The Cordova Stor-N-Lock at 1570 Bonnie Lane has sold for $2.1 million following a foreclosure.

Special servicer C-III Asset Management LLC of Irving, Texas, bought the 54,199-square-foot property in an April 26 substitute trustee’s deed from R. Spencer Clift of Baker, Donelson, Bearman, Caldwell & Berkowitz PC, acting on behalf of the lender.

11. U of M Files Permit for New Residence -

3615 Central Ave. Memphis, TN 38111

Permit Cost: $43.5 million

Project Cost: $53 million

12. 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.

13. Polo Shops on Winchester Facing Foreclosure -

The Polo Shops on Winchester Road is facing foreclosure after owner MPI/Polo I & II defaulted on a $3.9 million loan, according to a first-run foreclosure notice in the Thursday, Feb. 7, edition of the Daily News.

14. 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.

15. Crowne Plaza Hotel Sells Out of Foreclosure -

300 N. Second St. Memphis, TN 38103

Sale Amount: $9.4 million

Sale Date: Dec. 28, 2012

16. Crowne Plaza Hotel Sells Out of Foreclosure -

The Crowne Plaza Hotel at 300 N. Second St. Downtown sold on the Shelby County Courthouse steps Dec. 28 for $9.4 million following a foreclosure.

17. 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.

18. Change on Way for Bolivar Airport -

Those in Bolivar, Tenn., will have a chance to walk the runway of the Hardeman County Airport Saturday, Oct. 6, and take a look around an airport that recently came back to life.

The 5K walk-run is a chance to show off the improvements the Hardeman County government made to the airport with funding from the Tennessee Department of Transportation that has provided 90 percent of the money for the upgrade.

19. Essex Signs Two Leases For Discount Store Locales -

A Nashville-based discount retailer has entered the Memphis market in full force, inking two leases totaling 77,301 square feet.

Essex Bargain Hunt has leased 35,767 square feet at 590 N. Germantown Parkway and 41,534 square feet at 5124 Summer Ave. Kemp Conrad and Neely Mallory IV of Cushman & Wakefield/Commercial Advisors LLC represented the tenant in both transactions.

20. Foreclosure Notices Filed for Panattoni Land -

Vacant parcels on Holmes Road in Hickory Hill could be headed for a foreclosure sale after a group of borrowers that included Panattoni Development Co. leaders defaulted on multimillion-dollar construction loans, according to two first-run foreclosure notices in The Daily News Thursday, March 22.

21. Holmes Rd. Industrial Land Sells for $3M in Foreclosure -

San Francisco-based ATC Realty One LLC has bought vacant land on the north side of East Holmes Road between Getwell and Malone roads for $3 million at a foreclosure sale. Previous owner Holmes-Getwell 200 defaulted on a 2004 loan for $7.5 million through SouthTrust Bank, now merged into Wells Fargo Bank NA.

22. Binkley Promoted to VP at Boyle -

Les Binkley has been promoted to vice president at Boyle Investment Co.

Hometown: Memphis

23. 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.

24. 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.

25. 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.

26. Thrifty Real Estate - One area that has seemed to thrive in the recession is discount retailers, including thrift and dollar stores.

Low-cost operators, including nonprofit organizations like Memphis Goodwill Industries, are able to find more affordable property than in previous years. That’s because as market conditions have dropped, so has price per square foot, said Dave Leutwyler, Goodwill executive vice president.

27. Clark Shapes Mission for Habitat For Humanity -

Micheal Clark is the family services director at Habitat for Humanity of Greater Memphis, a role he has held since 2004.

28. 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.

29. ATTN: Mayor Wharton -

Memphians sound off on city’s most pressing needs.

Aaron Shafer
Founder of Skatelife Memphis; scientist at St. Jude Children’s Research Hosp.

Develop and promote a citywide mentoring campaign. We must heavily invest in the positive development of our children. Many of our Memphis children suffer not from a material poverty, but a poverty of healthy relationships and ultimately a poverty of possibility – of reaching their full potential. Each of us has had supportive network of mentors (“the village”) in our lives, be they our parents, teachers or friends, that have come along side of us to build our self-esteem and to help us navigate a path that moves us closer to realizing our potential.

30. Sustainability Way of Future In Communities like Hickory Hill -

The idea of a business abandoning its property and moving to a more fruitful area of town – only to have a second-generation user, such as a church, take its place – is nothing new.

It’s happened elsewhere in Memphis just as it has in other markets around the country.

31. Real Estate Recycling -

If sustainability is defined as reuse of land and/or structures for new purposes, Hickory Hill may be the capital of the concept in Memphis.

Consider New Direction Christian Church, which found a home in a vacant big box store and now plans to transform a vacant and blighted apartment complex into a charter middle and high school with a performing arts center. The bulldozers began demolishing the Marina Cove apartments complex last month.

32. Multi-Phase Plans Under Way for Former Marina Cove -

The multi-phase Power Center Academy Towne Center to be built on what is now the Marina Cove Apartments in Hickory Hill could have a construction contractor by the end of the year.

In a matter of weeks, Power Center Community Development Corp. and Askew Hargraves Harcourt & Associates Inc. (A2H) will begin talking with potential contractors.

33. Power Center Partners With A2H On Marina Cove Project -

A Hickory Hill community development corporation unveiled a five phase plan Tuesday evening for developing the old Marina Cove Apartments.

Power Center CDC, founded by New Direction Christian Church, developed the plan with Askew, Hargraves Harcourt & Associates Inc.

34. 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.

35. Raines Road Warehouse, Parcels in Foreclosure -

The 146,300-square-foot warehouse at 4049 E. Raines Road along with four vacant parcels have been foreclosed and will be sold on the courthouse steps, according to a first-run foreclosure notice that appears in today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

36. ‘Major Developer’ to Save Blighted Marina Cove -

For years the owners of Marina Cove apartments at 5505 Winchester Road in Hickory Hill have defied city attempts to force a demolition or at least a cleanup of the property.

37. 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.

38. 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.

39. Preserve Auction Adjourned Again -

For the second time in a month, the scheduled auction of the Preserve at Southwind Apartments near Hacks Cross and Tenn. 385 in Southeast Shelby County has been adjourned.

On Friday the sale was moved back to July 27 at noon.

40. Preserve Auction Adjourned to May 28 -

Friday’s scheduled auction of the Preserve at Southwind Apartments near Hacks Cross and Tenn. 385 in Southeast Shelby County has been adjourned to May 28 at noon.

The 306-unit complex will be auctioned to the highest bidder on the Shelby County Courthouse steps in a substitute trustee’s sale due to a foreclosure.

41. Saddle Vineyards Apts. Face Foreclosure -

A first-run foreclosure notice appears on Page 34 for the Saddle Vineyards Apartments at 3752 Winchester Road.

42. Southwind Apartment Complex Foreclosed -

The 306-unit Preserve at Southwind Apartments near Hacks Cross Road and Tenn. 385 in Southeast Shelby County has been foreclosed and will be sold on the Shelby County Courthouse steps, according to a notice on Page 37 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

43. Mobile Apps for Real Estate Go Beyond Search -

LOS ANGELES (AP) - Hunting for a home or apartment on the go seems to get easier with every new mobile phone application.

The latest apps and mobile sites include social networking features and even suggestions for the best places to shop.

44. Wright Medical Buys Arlington Bldg. For Distribution Needs -

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.

45. Retail Center Sells Following Foreclosure -

The Market of Riverdale Bend, a three-parcel retail portfolio on Winchester Road in Southeast Shelby County, has sold for $4.8 million to an entity called Market at Riverdale Bend HH LLC following a foreclosure of the property. The parcels’ addresses are listed as 7110-7136 Winchester Road and are on the north side of Winchester between Riverdale and Riverdale Bend roads.

46. Building Permit Brings Wally Joe Restaurant Closer to Reality -

690 S. Perkins Road
Memphis, TN 38117
Permit Amount: $800,000

Project Cost: $800,000
Permit Date: Applied October 2009
Completion: Summer 2010
Owner: Wally Joe Realty LLC
Tenant: TBA
Contractor: Day Construction LLC
Architect: Doug Enoch

47. Goodwyn Condos Sold Back to Bank for $4.5M -

The Goodwyn Condominiums at 127 Madison Ave. Downtown has sold back to the lender, First Tennessee Bank NA, following a foreclosure of 21 of the 18-story building’s 24 condo units. First Tennessee paid $4.5 million for the unsold units and neighboring commercial space during an Oct. 21 substitute trustee’s sale on the steps of the Shelby County Courthouse.

48. 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.

49. 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.

50. Memphis College of Art Files Loan to Build Residence Hall -

139 N. Barksdale St.
Memphis, TN 38104
Loan Amount: $3.1 Million

Loan Date: Oct. 1, 2009
Maturity Date: Oct. 1, 2019
Borrower: Memphis College of Art
Lender: First Tennessee Bank NA

51. Foreclosure Set for Lots In The Market at Riverdale Bend -

A first-run foreclosure notice appears on Page 32 of today’s edition of The Daily News and at The Daily News Online, www.memphisdailynews.com, for three parcels in The Market at Riverdale Bend.

52. Sunridge Townhouses Land New Owner -

Charles W. Shoffner has bought the 50-unit Sunridge Townhouses complex in Raleigh for $1.1 million from JPMorgan Chase Bank, formerly known as The Chase Manhattan Bank. Built in 1975, the townhouses sit at 4990 Stage Road, west of Covington Pike and southeast of the Raleigh Springs Mall. The sale closed Sept. 23.

53. Goodwyn Condos In Foreclosure -

Chalk up another victim to the continuing real estate crisis, this time the Goodwyn Condominiums at 127 Madison Ave.

54. Louisiana Investor Buys Arlington Retail Center -

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. Pinebrook Pointe Sells for $2.4 Million -

The Pinebrook Pointe Apartments at 3541 Mediterranean Drive in Oakhaven/Parkway Village have been sold back to the lender, Deutsche Bank National Trust Co., for $2.4 million in a successor trustee’s sale following a foreclosure. The 256-unit complex sits on the north side of Winchester Road between Lamar Avenue and South Perkins Road.

56. Raleigh Apartments Follow Foreclosure Trend -

The foreclosure crisis has claimed another multimillion-dollar commercial victim, this one the 432-unit Jamesbridge apartments in Raleigh.

A first-run foreclosure notice against the multifamily complex’s owner begins on Page 42 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

57. Foreclosed Gardenwood Sells for $2.4 Million -

The Gardenwood apartment complex at 4795 Hoover Drive in Raleigh was sold in a successor trustees’ sale Sept. 2 for $2.4 million following a foreclosure. The buyer was the lender, Bank of America NA, which bought the 139,096-square-foot property on the Shelby County Courthouse steps out of foreclosure.

58. 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.

59. Enclave Partnership Files Loan For 19 Lots of Enclave at Sparkle Creek -

Enclave at Sparkle Creek Planned Development
Unincorporated Shelby County
Loan Amount: $1.5 Million

Loan Date: Aug. 13, 2009
Maturity Date: Aug. 15, 2011
Borrower: The Enclave Partnership
Lender: Merchants & Planters Bank

60. Medical Office Owner Files $800K Loan -

The new owner of the Applingwood Professional Office Building at 1540 Appling Care Lane in unincorporated Shelby County has filed an $800,000 loan on the property.

61. Raleigh Apartments For Sale After Foreclosure -

The Gardenwood Apartments at 4795 Hoover Drive in Raleigh will be sold in a substitute trustees’ sale following a foreclosure of the property, according to a notice on Page 40 of today’s edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

62. Pat O’s Sold Back to Bank -

A mini bidding war broke out Friday during the trustee’s sale of the former Pat O’Brien’s bar at 310 Beale St., but in the end the bank that foreclosed on the property came in with the highest bid of $827,000.

63. Foreclosure Issued For 310 Beale St. -

Two entities, 310 Beale Street Properties LLC and Hurricane Memphis LLC, have defaulted on a December 2001 construction loan for $2.6 million. The lender is Wachovia Commercial Mortgage Inc. doing business as The Money Store Commercial Mortgage Inc. The first-run foreclosure notice appears on Page 40 of today’s paper.

64. Former Cordova Applebee’s To Be Converted to IHOP -

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. Sunridge Sold By Trustee for $1.1M -

The 50-unit Sunridge Townhouses complex at 4990 Stage Road, west of Covington Pike and southeast of the Raleigh Springs Mall, sold on the Shelby County Courthouse steps last week for $1.1 million after being foreclosed earlier this year.

66. Ride Continues for Whitehaven Complex -

One chapter in the continuing saga of the New Horizon Park apartments has been closed, but more twists are likely coming for the embroiled property.

The sprawling, 933-unit multifamily complex at 3578 Millbranch Road in Whitehaven was foreclosed and sold for $21.4 million in a Nov. 20 substitute trustee’s sale to Wells Fargo NA. The seller was Spencer Clift, trustee for the Health, Education and Housing Facility Board of the city (HEHFB) of Memphis.

67. Apartments Sold In $21M Trustee’s Sale -

The New Horizon Apartments, a 933-unit community at 3578 Millbranch Road and 1767 Winchester Road, has sold for $21.4 million in a trustee’s sale to Wells Fargo NA. The sale closed Nov. 20, and the seller was Spencer Clift, trustee for the Health, Education and Housing Facility Board of the city of Memphis.

68. Archived Article -

830 N. Byhalia Road
Collierville, TN 38017
Loan Amount: $10.6 million

Loan Date: Jan. 19, 2007

Maturity Date: Jan. 19, 2017

69. Archived Article: Daily Digest - KENILWORTH, N

Trustmark completes

purchase of Florida branches

Jackson, Miss.-based Trustmark Corp. announced that Trustmark National Bank has completed the purchase of Floridas Emerald Coast branches of The Bank, a subsidiary of Birmingham...

70. Archived Article: Market Briefs - The state Department of Environment

The state Department of Environment and Conservation issued certificates of competency to the following Shelby County water or wastewater treatment operators: Rickie L. Berryhill, Grade II wastewater collection...

71. Archived Article: Real Briefs - Dewayne Spencer

Dewayne Spencer, Habitat for Humanity executive director, addresses the Kiwanis Club of Memphis at noon Wednesday in the grand ballroom at The Peabody, 149 Union Ave.

Spencer will discuss insights and success stories from Habit...

72. Archived Article: Habitat (lead) - MAHBA begins Habitat house in Uptown

MAHBA begins Uptown Habitat house

By SUE PEASE

The Daily News

In a unique partnership twist, the Memphis Area Home Builders Association is taking on a Habitat for Humanity house in Uptown by completin...

73. Archived Article: Lead (register) - Registers office making steps from docs to digital Registers office to go digital, leave paper chase behind By SUE PEASE The Daily News Going digital in the county registers office is a little like diving into the deep end of a pool. The surface is ...

74. Archived Article: Memos - Joy Flora Appointed President of Joy Flora has been appointed president of Merry Maids. Flora most recently served as vice president of finance for ServiceMaster International. She also is a former franchise owner. Sandy Swanson has joined Trammell ...