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Editorial Results (free)

1. CB Richard Ellis Brokers Four Multifamily Sales -

The multifamily group at CB Richard Ellis Memphis has closed on the sale of four properties in the Memphis market over the last several weeks.

Briar Club Apartments, a 272-unit apartment community constructed in 1985, sold for $8.7 million, or $32,093 per unit. Cinnamon Trails Apartments, a 208-unit apartment community constructed in 1989, sold for $8.6 million, or $41,461 per unit. respectively. CBRE Memphis represented the sellers, Briar Apartments LLC and Cinnamon Apartments LLC in the sale to New York based Briar Club LLC and Cinnamon Trail LLC.

2. A Failure to Communicate -

A research study was done that asked 100 people who were all more than 90 years of age to describe what they would do differently if they had to live their lives over. The responses most often given were that they would take more risks, that they would spend more time reflecting, and that they would do more that would live on after they were gone. I was not a part of that survey, but I would like to add one more to that list of “do overs”: to listen more.

3. Samuelson Turns Passion Into Race-Management Company -

Retired Navy Cmdr. Michael Samuelson of Lakeland has one simple philosophy that sums up his approach to life: “Enjoy yourself.”

For Samuelson, that enjoyment often comes in the form of running, usually on trails and frequently for more than 26 miles during one run. Oh, and he also likes to run across the country, as in from Washington to Delaware in 80 days.

4. Spring Creek Ranch Addition Tops Shelby County Commission Agenda -

Shelby County Commissioners consider an events center for Spring Creek Ranch golf course Monday, Aug. 5, as well as a mixed-use commercial site at Austin Peay Highway and Millington-Arlington Road by First Citizens National Bank.

5. Future Talk -

Years off the campaign trail haven’t diminished the typical features of an Al Gore speech.

When the former vice president’s book tour swung through The Booksellers at Laurelwood Monday, Feb. 18, there were the requisite shout-outs to familiar faces in the crowd, with Gore acknowledging by name people like Memphis Mayor A C Wharton Jr. and Roy Herron, chairman of the Tennessee Democratic Party.

6. Council Votes on Sales Tax Referendum -

Memphis City Council members take the first step toward a fall referendum on a citywide half percent sales tax hike Tuesday, Feb. 4, as they vote on the first of three readings of the referendum ordinance.

7. Crowne Plaza Hotel Sells Out of Foreclosure -

300 N. Second St. Memphis, TN 38103

Sale Amount: $9.4 million

Sale Date: Dec. 28, 2012

8. Owner of Winchester Lit Files $1.1 Million Loan -

The partnership related to the Lit Refrigeration Co. restaurant supply stores has filed a $1.1 million loan on the Lit Jr. store at 1665 Winchester Road in Whitehaven.

9. Fayette, Marshall Prep for Ambitious Industrial -

With Norfolk Southern Corp.’s Memphis Regional Intermodal Terminal now operational in Rossville and a pair of large-scale industrial manufacturing buildings under way in the area, stakeholders say the future is bright for the region.

10. Growth Streak -

Andrew Holliday and Daniel Brown, the founding partners of Memphis-based branding and marketing firm Harvest Creative, used to joke about one day making the Inc. 500|5000, the list published each year by Inc. Magazine that honors the fastest-growing private companies in the U.S.

11. The State of Green -

There are many shades of green.

And the use of the term “green” to describe public policies, business practices and other decisions designed to improve or sustain natural surroundings and our connection with them touches on so many other considerations.

12. Obama Demands Congress End Oil, Gas Subsidies -

NASHUA, N.H. (AP) – President Barack Obama, turning his political sights on snowy New Hampshire, demanded that Congress eliminate oil and gas company subsidies that he called an outrageous government "giveaway." Though politically a long shot, the White House believes the idea resonates at a time of high gasoline prices.

13. Cross Creek Shopping Ctr. Sells for $12.7 Million -

3469 Riverdale Road, 3505 Riverdale Road and 3587 Riverdale Road
Memphis, TN 38115
Sale Amount: $12.7 million

14. Bartlett Apartments Financed for $2.6M -

Reese Road Apartments LLC has filed a $2.6 million mortgage through U.S. Bank NA for Reese Road Apartments at 2403 E. Reese Grove Road after a number of quitclaims transferring the property to the limited liability company.

15. Lightman Entity Buys Sanderlin Centre -

5101 Sanderlin Ave.
Memphis, TN 38117
Sale Amount: $5.3 million

Sale Date: Nov. 1, 2011

16. Preserve at Southwind Apts. Sell for $22.2 Million -

7991 Capilano Drive
Memphis, TN 38125
Sale Amount: $22.2 million

Sale Date: Oct. 12, 2011

17. G'town Medical Offices Financed for $3.1M -

Wolf Trail Medical Partners has filed two loans totaling $3.1 million through Triumph Bank for two medical office buildings on Wolf Trail Cove in Germantown. A $2 million loan is for 7800 Wolf Trail Cove, while a $1.1 million loan is for 7796 Wolf Trail Cove. Both loans mature on Oct. 12, 2018.

18. River Revival -

Nature enthusiasts and conservation supporters are getting set for the second annual Wolf River Day exposition Saturday at the Vollintine-Evergreen Greenline, 620 N. Avalon St., in Midtown.

19. Mergers Account for Half of Haslam 11K Jobs Claim -

BELLS, Tenn. (AP) - On the campaign trail and in television ads, Republican gubernatorial candidate Bill Haslam boasts of his role in creating 11,000 jobs as an executive with family-owned Pilot Corp.

20. Lit Refrigeration Set to Bring ‘Jr.’ Version of Store to Whitehaven -

1665 Winchester Road
Memphis, TN 38116
Sale Amount: $500,000

Sale Date: Aug. 18, 2009
Buyer: Noble Partners Winchester LLC
Seller: Remark Chism
Loan Amount: $400,000
Loan Date: Aug. 18, 2009
Maturity Date: N/A
Lender: SunTrust Bank

21. Lit Buys Former Chism Trail for $500K -

A partnership related to the Lit Refrigeration Co. restaurant supply stores has bought the former Chism Trail grocery store at 1665 Winchester Road in Whitehaven for $500,000. Operating in the transaction as Noble Partners Winchester LLC, the group bought the property Aug. 18 from Remark Chism and will open a Lit store at the site.

22. Fitness Company to Build $8.5M Facility in G’town -

Memphians will have a new place to work out once Lexington, Ky.-based Urban Active Fitness completes its plan to bring an $8.5 million, 48,000-square-foot fitness facility to Wolf Trail Cove in Germantown.

23. New Facility Boosts Wolf River’s Medical Appeal -

In the span of one week last October, Cypress Realty Holdings Co. bought a pair of commercial lots on Wolf River Boulevard in Germantown for $3.9 million and promptly began construction of a Class A medical office building.

24. Financing in Place For Towne Center at Soulsville -

915 E. McLemore Ave.
Memphis, TN 38106
Loan Amounts: $5.8 million; $1.5 million; $1.5 million

Loan Dates: May 5, 2008

Maturity Dates: N/A

Borrower: New Towne Center Inc.

25. Group Files $2.7M Loan For New Medical Building -

Wolf Trail Medical Partners has filed a $2.7 million construction deed of trust to build a two-story, 10,800-square-foot medical building in the Blair James Commercial Subdivision on Wolf Trail Cove in Germantown. Construction starts this week.

26. Course Owned By Timberlake To Go Green -

First, they saved it from the auction block last fall. Now, an ownership group that includes entertainer Justin Timberlake is seeking to transform a 303-acre golf course property south of Millington into a facility built to design standards unmatched in Tennessee and in few places elsewhere in the world.

27. Potential Pyramid Investor A Global Player -

His financial partners are in Europe. His investment fund is based in Asia and Michael F. Burgess has managed the construction of 13 hotel projects on nine Carribean islands in a four-decade career that defines the term "far flung."

28. Two Developments Take Center Stage in Highland-Area Renewal -

Some very significant construction is taking place along the Highland Street corridor near the University of Memphis, a sight that is to many area residents the beginning of a drastic transformation for the neighborhood.

29. Thornhill EstatesGets New Developer -      An upscale lifestyle community in Millington has a new owner after Jada Enterprises LLC sold its stake in the 95-acre development.
     Thornhill Partners - comprised of Memphians Bob Turner

30. Tunica Heritage Tourism Takes Step Forward With Blues Marker -

The setting is the back room of the Clack Store, a modest shack that once operated on Old Highway 61 in Tunica County as part store, part farm commissary, part train station.

The image is of a black Baptist preacher, perhaps dressed in his usual white shirt and string tie. One of the most influential bluesmen to emerge from the cotton fields and fertile farmland of the Mississippi Delta, the man furiously slaps the strings of his guitar and sings into the microphone of an archivist from the Library of Congress.

31. Archived Article -

26 buildings in
Nonconnah Corporate Park
Sale Amounts: $30.6 million; $8.3 million

Sale Date: Feb. 22, 2007

32. Spring Creek AcreageSells for $3.3 Million -      Nearly 76 acres around Collierville's Spring Creek Ranch development has sold for $3.3 million. Trail Partners LLC bought the land last week from Spring Creek LLC.
     The 75.8-acre property

33. 'Hello, Sunshine' -

The song "Why Does the Sun Shine?" popularly covered by alternative rock band They Might Be Giants, gives a basic rundown of the huge sphere at the center of our universe:

    "Yo ho, it's hot, the sun is not
    A place where we could live.
    But here on Earth there'd be no life
    Without the light it gives."

34. Young Go-Getter Racks Up $14.4 Million In Commercial Sales In Only Three Weeks -

In the past three weeks, a commercial real estate broker at Re/Max On The River has closed more than $14.4 million in real estate deals in Memphis, with more on the way.

Reuben Stein, 22, the senior vice president of Re/Max's commercial group, brokered the sale of two strip centers and an office park - in Cordova, Bartlett and Memphis - to Nightingale Properties, a New York-based group of investors.

35. Cordova Residents Fight Retail Development -

The way Ray Bratcher sees it, the developers who are bringing a pair of retail centers to his tree-lined suburban neighborhood couldn't have picked a more ironic name for themselves.

The unfinished project - which could include a hotel, offices and a five-star restaurant, all tucked behind another row of stores - is being built in the Countrywood subdivision by a group that calls itself Family Values Property LLC. Bratcher says he thinks that name is odd because of what the group plans to do.

36. Archived Article: Real Recap - Construction Set to Begin on Kress Building

Construction Set to Begin on Kress Building

Three parcels

near Main Street

Cost: $4 million

Borrower: THG Main LLC

Lender: First Tennessee Bank NA

Trustee: Thomas F. Baker IV

Proper...

37. Archived Article: Real Recap - 6101 Hickory Ridge Trail

Virginia Company Finances Waterstone Landing

6101 Hickory Ridge Trail

Memphis, TN 38115

Cost: $12.2 million

Borrower: Hickory Gardens Associates LLC

Lender: Wachovia Bank NA

Trustee: Michael Champlin

...

38. Archived Article: Daily Digest - Chapel Ridge Partners

Wright Medical Product

Gets FDA Clearance

A new product developed by Arlington-based orthopedic medical device company Wright Medical Group Inc. has been cleared by the Food and Drug Administration for commercial sale ...

39. Archived Article: Real Focus - One of the largest African-American denominations in the country, Christian Methodist Episcopal Church (CME) is joining forces Local lenders open doors to homeownership One of the largest African-American denominations in the nation, Christian Metho...

40. Archived Article: Law Focus - Shelby county plans to keep it green Shelby County planning to keep it green By MARY DANDO The Daily News Although no longer the hardwood capital of the world, Memphis still has an abundance of trees along the avenues and boulevards of the city. Bey...

41. Archived Article: Real Review - Industrial Developments International LP, a Georgia limited partnership, financed $16 IDI finances $16.9 million through Nashville bank Industrial Developments International LP, a Georgia limited partnership, financed $16.9 million through Firstar B...

42. Archived Article: Amb (bott) - By LAURIE JOHNSON San Francisco REIT acquires Willow Lake Business Park By LAURIE JOHNSON The Daily News San Francisco-based AMB Property Corp. has purchased the Willow Lake Business Park as part of a series of five acquisitions completed during its...

43. Archived Article: Wolf River Ranch Lj - By LAURIE JOHNSON Work to begin on Wolf River Ranch By LAURIE JOHNSON The Daily News Bulldozers are expected to begin rolling within the next few weeks on the first section of Wolf River Ranch, a new planned development that eventually will cover 35...

44. Archived Article: Wyndridge Lj - lj 10/5 cates National REIT acquires Wyndridge Apartments By LAURIE JOHNSON The Daily News Two sections of an East Memphis apartment complex have been purchased by the nations largest multi-family real estate investment trust for $30 million. Chicag...

45. Archived Article: Wolf River Chg - By CAMILLE H Corps of Engineers, county to sign Wolf River agreement By CAMILLE H. GAMBLE The Daily News The Memphis District of the U.S. Army Corps of Engineers, the Chickasaw Basin Authority and Shelby County will become partners to fund studies t...

46. Archived Article: Govt Focus - Initiative encourages greenways, trails Initiative encourages greenways, trails Project is designed to provide recreational, educational opportunities Mobilizing Tennessee communities to initiate new greenways and trails projects this year is the go...