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Editorial Results (free)

1. Former Motel 6 Sells for $1.4 Million -

1321 Sycamore View Road
Memphis, TN 38134
Sale Amount: $1.4 million

Sale Date: Jan. 13, 2014
Buyer: P & S Hospitality LLC
Seller: G6 Hospitality Property LLC
Loan Amount: $1.1 million
Loan Date: Jan. 14, 2014
Maturity Date: N/A
Lender: Argent Bank
Details: The former Motel 6 at 1321 Sycamore View Road in Northeast Memphis has traded hands for $1.4 million.

2. Monticello Apartments Owner Files $9.3 Million Loan -

The owner of the 202-unit Monticello apartments at 3250 Kirby Parkway in Hickory Hill has filed a $9.3 million loan on the property.

3. Swinnea Warehouse Sold in Lieu of Foreclosure -

4550 Swinnea Road, Memphis, TN 38118

Sale Amount: $4.2 million
Sale Date: March 7, 2013
Buyer: JPMCC 2007-LDP10 – 4550 SWINNEA RD LLC
Seller: Industrial Memphis International Owner LLC
Details: The Memphis International Distribution Center at 4550 Swinnea Road in Oakhaven has sold for $4.2 million in lieu of foreclosure.

4. In-Rel Files Two Loans on Lynnfield Portfolio -

A single-purpose entity related to Lake Worth, Fla.-based In-Rel Properties Inc. has filed a pair of $8 million loans on four Lynnfield Road office buildings in East Memphis.

5. Memphis Marriott Sells for $12.4 Million in Foreclosure -

2625 Thousand Oaks BlvdMemphis, TN 38118

Sale Amount: $12.4 million

6. Cordova Presbyterian Plans to Build on Fay Road -

8707 Fay Road
Cordova, TN 38018

Permit Cost: $2 million

Permit Date: Applied March 2012

7. Memphis Medical Finances Park Tower -

Memphis Medical Redevelopment Group LLC has financed Park Tower Apartments at 57 N. Somerville St. with a $3 million, 10-year trust deed through American Equity Investment Life Insurance Co.

8. Mixed Impact on Consumers From Fed's 'Twist' -

Operation Twist doesn't give consumers much to shout about.

The Federal Reserve's latest effort to boost the economy by driving down long-term interest rates won't have a big impact on home and car buyers, savers or credit card users.

9. 'A New Day' -

Marvell Mitchell has had it with numbers.

“I’ve read the numbers and I hear people talking about the recession but frankly, there’s an opportunity here,” said Mitchell, who owns Mitchell Technology Group LLC with his wife, Ledelle.

10. Financial Federal Helps Western Power Sports Grow -

Financial Federal Savings Bank has announced a pair of financing deals for Western Power Sports Inc. of Boise, Idaho.

11. AIG Sells Alico Unit to MetLife for $15.5 Billion -

CHARLOTTE, North Carolina (AP) - American International Group Inc. said Monday it will sell its American Life Insurance Co. division for $15.5 billion to MetLife Inc. The government-approved deal, AIG's second big asset sale in two weeks, will give the insurer more cash to repay the billions of bailout dollars it still owes the government.

12. Better Prospects -

Real estate investor John Bogdasarian might be from Ann Arbor, Mich., but it didn’t take him long to discover that the intersection of American Way and South Perkins Road was once infamous for its proximity to the old Mall of Memphis.

13. Gov’t Extends New Aid Package To AIG -

WASHINGTON (AP) – The government on Monday unveiled a revamped rescue package to insurance giant American International Group and will provide the troubled company with another $30 billion in taxpayer money on an “as needed” basis.

14. AIG Takes $85B Deal from Fed -

CHARLOTTE, N.C. (AP) - American International Group Inc. may have agreed to take the U.S. government up on a two-year, $85 billion loan to help stave off bankruptcy, but now the nation's largest insurer faces an FBI investigation.

15. Archived Article: Real Recap - 1285 Channel Ave

Presidents Island Property Bought in Koch Deal

1285 Channel Ave.

Memphis, TN 38103

Cost: $6.8 million

Buyer: SemMaterials LP

Seller: Koch Materials Co.

Property: Two tracts totaling 15.43 acres at 1285 Channel A...

16. Archived Article: Real Recap - Shelby Center

Shelby Square Sells for $6.6 Million

Shelby Square

near Shelby Drive

Cost: $6.6 million

Buyer: EIG Shelby Square LLC

Seller: Bennett V. York and Anderson-Tully Co.

Property: Shelby Square shopping center at Riverda...