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Editorial Results (free)

1. 26 Industrial Properties Facing Foreclosure -

The company that purchased Farnsworth Investment Co.’s industrial portfolio in 2005 has defaulted on a $69 million loan, and now 26 of its properties are facing foreclosure, according to a first-run foreclosure notice in the Friday, Dec. 12, edition of The Daily News.

2. 26 Industrial Properties Facing Foreclosure -

The company that purchased Farnsworth Investment Co.’s industrial portfolio in 2005 has defaulted on a $69 million loan, and now 26 of its properties are facing foreclosure, according to a first-run foreclosure notice in the Friday, Dec. 12, edition of The Daily News.

3. James Lee House Owner Files Construction Loan -

690 Adams Ave.
Memphis, TN 38105
Loan Amount: $1 million

Loan Date: June 4, 2013

Maturity Date: June 4, 2019

4. Appling Farms Warehouse Sells for $2.7 Million -

A 54,621-square-foot warehouse at 6881 Appling Farms Parkway in Northeast Memphis has sold for $2.7 million.

5. Merchandiser Five Below Signs Lease in Olive Branch -

A growing Philadelphia-based value retailer has inked a substantial industrial lease deal in Olive Branch.

Five Below Inc. has leased 605,427 square feet in Hacks Cross Logistics Center Building 1, 9105 Hacks Cross Road.

6. Lease Takes Appling Farms to Capacity -

A distributorship of Pella Corp. has inked 11,300 square feet in Appling Farms Corporate Park, 6972 Appling Farms Parkway.

7. Colliers Duo Has Stellar Start to ’12 -

Colliers International’s industrial team of Andy Cates and Preston Thomas has closed on 34 transactions (sales and leases) to date in 2012. Here’s a rundown of some of the team’s most recent industrial transactions:

8. ‘Washington Courtyard’ Sells For $900K -

A trio of office buildings at Washington Avenue and Danny Thomas Boulevard has traded hands for $900,000.

Investment group 301 WA LTD LLC of Arizona purchased the assets from Gregory Realty GP. Brian Califf of NAI Saig Co. represented the seller.

9. Northeast Submarket Bolstered By Trio of Deals -

A handful of industrial deals in recent weeks hit Northeast Memphis in full force, significantly tightening the already solid submarket.

Mattress Firm has signed a 23,500-square-foot lease in Century Center, 1590 Century Circle, for a new retail and distribution space.

10. EMHC Moving to Appling Farms, Doubling in Size -

Emergency Mobile Health Care is more than doubling the size of its Memphis corporate headquarters.

EMHC has signed a 14,200-square-foot lease at 6972 Appling Farms Parkway. EMHC currently occupies 6,900 square feet at 5071 Wilfong Road, and also has an office in Jackson, Tenn.

11. Circa Slated for Regalia Space -

Circa by John Bragg restaurant plans to open its East Memphis location at Regalia shopping center, Boyle Investment Co. recently announced.

12. Ohio-Based Company Buys Land Slated for Strayer University Campus -

7275 Appling Farms Parkway
Memphis, TN 38133
Sale Amount: $603,788

Sale Date: July 6, 2010
Buyer: Se Testa Memphis LLC
Seller: Belz Investment Co. LP

13. Testa Buys Appling Land for Strayer Campus -

Testa Cos. has closed on the land in Appling Farms Business Park where it will build a campus for Strayer University.

Operating in the transaction as Se Testa Memphis LLC, the Cuyahoga Falls, Ohio-based commercial builder last week paid $603,788 for the parcel from Belz Investment Co. LP.

14. Assisted Living/Alzheimer’s Facility Near Completion in Schilling Farms -

15 Schilling Bend Commons
Collierville, TN 38017
Loan Amount: $4 Million

Loan Date: Jan. 7, 2009
Maturity Date: Jan. 7, 2009
Borrower: Southridge Nursing LLC
Lender: Financial Federal Savings Bank

15. Tight Credit Put Squeeze On ‘08 Commercial Real Estate Sales -

As with the residential sector, 2008 was a year to forget in commercial real estate, which suffered declining sales and endured a nationwide credit crunch throughout the year.

“The big storyline in ’08 was that lenders weren’t lending,” said Johnny Lamberson, senior vice president at CB Richard Ellis Memphis. “It put a real tightening on deals getting done. If deals weren’t highly leveraged, as the year went on it became harder and harder to get transactions closed because nobody was lending money.”

16. Events -

MPACT Memphis will meet for lunch today at noon at Flying Fish, 105 S. Second St. For more information or to R.S.V.P., contact Frank Langston at flangston@gmail.com.

Rhodes College will host a presentation by David Gillikin of Vassar College and David Goodwin of Denison University on their work with mussels today at 2:30 p.m. in Frazier Jelke B on the Rhodes Campus, 2000 North Parkway. For more information, call Kesler at 843-3557.

17. LaPaloma Treatment Center To Start Building $4 Million Wing -

1248 Lapaloma St.
Memphis, TN 38114
Permit Amount: $4 Million

Project Cost: $4 million
Permit Date: Applied July 2008
Completion: End of year
Owner: LaPaloma Treatment Center
Tenant: LaPaloma Treatment Center
Architect: Looney Ricks Kiss
Contractor: Grinder, Tabor & Grinder Inc.
Details: LaPaloma Treatment Center is preparing to break ground on a new wing for its 10-acre campus on Lapaloma Street, south of Lamar Avenue near Foster Avenue in the Defense Depot area.

18. Goodlett Farms Portfolio Sells for $18.9 Million -

Two local entities related to Dallas-based JP Realty Partners Ltd. have bought a pair of Class A office buildings in the Goodlett Farms development just south of Interstate 40 between Whitten and Appling roads.

19. Appling Farms PropertyFinanced for $10 Million -      VLE Properties II Inc. has filed a $10.2 million mortgage through AmSouth Bank, now Regions Bank, for about 15 acres in Appling Farms Business Park that the company bought in 2006.
     The

20. Archived Article -

Properties in Collierville, Memphis,
Jackson, Tenn., and Southaven
Loan Amount: $9.3 million

Loan Date: Nov. 30, 2006

21. Archived Article -

One lot in
I-40 Business Center
Loan Amount: $4.5 million

Loan Date: Sept. 28, 2006

Maturity Date: March 28, 2008

22. Archived Article -

Six Memphis
shopping centers
Loan Amount: $8.6 million

Loan Date: June 19, 2006

Maturity Date: July 1, 2021

23. Church Group BuysAppling Manor Property - Christian Church Disciples of Christ in Tennessee has purchased Appling Manor at 1755 Appling Road from Appling Manor Associates LLC for $1.2 million. The 1.84-acre property includes a 12,656-square-foot two-story building constructed in 1998 on the

24. Archived Article -

27.68 acres near
Wolf River Boulevard
Cost: $6.7 million

Borrower: Empirian Colonnade LLC and Bush Realty Colonnade LLC

25. Archived Article -

3357 E. Winchester Place
Memphis, TN 38116
Cost: $1.7 million

Buyer: Village Square I LLC, c/o Cascade Affordable Housing LLC

26. Archived Article -

1885 Appling Road
Cordova, TN 38016
Cost: $5.9 million

Buyer: Net Magan Property Owner One LP

Seller: Farnsworth Distribution Properties Partnership

27. Gated Community Planned for Cordova -

An area that is entirely surrounded by the city of Memphis - and that eventually will be annexed itself - has been targeted for development of a 92-lot, gated residential community named Lost Creek.

28. Archived Article: Gov - Gene pearson:

Report Spells Progress for Shelby Farms Plan

ANDY MEEK

The Daily News

In the ancient world, as history tells it, all roads led to Rome. In Memphis, long-range road plans call for more than 30 new lanes of traffic all leadin...

29. Archived Article: Lead - New Construction to Increase I-40 Office

Work Progresses on I-40 Corporate Park

Third building under way in office, industrial development

LANCE ALLAN

The Daily News

The office market along Interstate 40 in East Memphis is continuing ...

30. Archived Article: Real Recap - 4775 American Way

American Way Property Refinanced for $2.5 Million

4775 American Way

Memphis, TN 38118

Cost: $2.5 million

Borrower: American Way Partnership

Lender: Shenandoah Life Insurance Co.

Trustee: Andrew B. Gibson Jr. 31. Archived Article: Lead - ITT Technical Institute Constructs New School

ITT Tech Builds New Memphis Campus

Relocates from East Memphis to growing Goodlett Farms

LANCE ALLAN

The Daily News

Construction has begun on an educational facility that, when finished, w...

32. Archived Article: Daily Digest - Whitten Bend Property

Whitten Bend Property

Financed for $3.1 Million

Appling Farms Properties No. 2 LP has financed a 47,500-square-foot office/showroom in the Whitten Bend Development for $3.1 million, according to The Daily News Public R...

33. Archived Article: Gov Focus - By Andy Meek

Plans Move Forward on Dexter Development

ANDY MEEK

The Daily News

Kemmons Wilson Inc. is making plans to bring a 108-unit townhouse development to Germantown.

The Oaks at Dexter Planned Development, to be built on about 2...

34. Archived Article: Bob Ladd (lead) - Last Julys windstorm left its mark on Bob Ladd Incorporated, now located at 764 Scott Street

I-40 Corporate Park Sees More Growth

Golf supply business to move to budding commercial area

ROSALIND GUY

The Daily News

The windstorm that s...

35. Archived Article: Real Recap - 9

Developer to Build Shoppes of Greys Creek

9.06 acres near

Walnut Grove

Cost: $4.3 million

Borrower: Greys Creek Development Co. LP

Lender: Community Bank, DeSoto County

Trustee: Lancelot L. Minor III

Property: 9.06 acres of...

36. Archived Article: Shelby Park (lead) - PlandsMore than 30 acres of vacant land is

Developers Keep Eye on Shelby Farms

New mixed-use development on tap for land near park

ANDREW Bell

The Daily News

Property surrounding one of the citys most popular recreation areas, Shelby ...

37. Archived Article: Daily Digest - WKNO, Running Pony

Valenti Mid-South

Finances Kirby Property

Valenti Mid-South Realty LLC has financed vacant land near Kirby Parkway and Kirby Gate Cove for $1.2 million, according to The Daily News Public Records Database, www.memphisdail...

38. Archived Article: Real Estate Recap - Porter Farms Brings New Homes, Condos to Collierville

Porter Farms Brings New Homes to Collierville

22.6 acres near

Bailey Station

Cost: $3 million

Borrower: Porter Farms Area 1 LLC

Lender: BancorpSouth Bank

Trustee: David J. Ha...

39. Archived Article: Appling (lead) - Lead

New phase of I-40 park starts to take shape

By LANCE ALLAN

The Daily News

If Percy Galbreath was all that concerned about reports of a slow economy, he and partner Curtis Wegener wouldnt be building the second phase of the Appling F...

40. Archived Article: Law Briefs - The Shelby County Democratic Partys executive committee meeting is today at 7 p

The Shelby County Democratic Partys executive committee meeting is 7 p.m. today at the International Brotherhood of Electrical Workers Union Hall, 1870 Madison Ave. T...

41. Archived Article: Appling (lead) - By STACEY WIEDOWER

I-40 site goes from water park to corporate park

By STACEY WIEDOWER

The Daily News

Construction is underway on the first phase of a $15 million development off Whitten Road in East Memphis that eventually will include ...

42. Archived Article: Law Focus - Schools, sewers deciding factor in county expansion

Board contends schools deciding factor in county growth By MARY DANDO

The Daily News

The sleepy, historic community of Lucy, situated between Raleigh-Millington Road and U.S. Highway 51, c...

43. Archived Article: Sholom (lead) - Beth Sholom cemetery pavilion on tap

Beth Sholom cemetery pavilion on tap By MARY DANDO

The Daily News

At todays 3:30 p.m. Memphis City Council meeting, Beth Sholom Synagogue officials seek permission to erect structures to remember their d...

44. Archived Article: Lutheran (lead) - By STACEY WIEDOWER Foundation set for new Lutheran district office By STACEY WIEDOWER The Daily News Construction is underway on a $1.2 million, 7,000-square-foot office building that will house the Mid-South District of the Lutheran Church-Missouri...

45. Archived Article: Crews Chg - By CAMILLE H Crews buys 57 acres, plans include offices By CAMILLE H. GAMBLE The Daily News Crews Investment Properties has purchased 57 acres of vacant property on Raleigh-LaGrange Road with plans to possibly develop an office park in the future. C...

46. Archived Article: Chg Goodlett - 03-20 CHG Goodlett $10 million in office construction underway at Goodlett Farms By CAMILLE H. GAMBLE The Daily News Construction started last week on two major office projects at Goodlett Farms, a 300-acre office park south of I-40 near Whitten Roa...