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Editorial Results (free)

1. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

2. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

3. French Quarter Inn Sells for $1.9 Million -

The long-vacant French Quarter Inn on Madison Avenue near Overton Square has been sold for $1.9 million, according to property records.

California-based NCE Realty and Capital Group LLC closed Dec. 31 on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street.

4. French Quarter Inn Sells for $1.9 Million -

The long-vacant French Quarter Inn on Madison Avenue near Overton Square has been sold for $1.9 million, according to property records.

California-based NCE Realty and Capital Group LLC closed Dec. 31 on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street.

5. Frayser Apartments Again Bought Out of Foreclosure -

An entity called MRC Memphis LLC has paid $1.2 million for the Whitney Manor and Frayser Manor apartment complexes in Frayser, following a foreclosure of the properties.

6. CashSaver Trades Hands for $3.2 Million -

The CashSaver in Midtown has traded hands. 

Kansas City, Kan.-based Super Market Developers Inc. bought the 69,017-square-foot building at 1620 Madison Ave. at Avalon Street from 1620 Madison LLC for $3.2 million. Fred Monks III, president/chief manager of 1620 Madison LLC, signed the special warranty deed.

7. Fla. Company Buys Cordova Retail Center -

Coral Springs, Fla.-based Swiss Capital Group LLC has acquired The Shops of Woodland Hills in Cordova for $3.1 million.

8. Trinity Place Sells For Third Time In Five Years -

A Cordova retail center is under new ownership for the third time in five years. Atlanta-based Altus Real Estate Advisors LLC has purchased Trinity Place, 7990 Trinity Road, for $2.8 million.

9. Tricky Market -

Because loan defaults are a common occurrence in this difficult financial climate, last week’s news that the 306-unit Preserve at Southwind Apartments had been foreclosed could easily be chalked up to a case of “another one bites the dust.”

10. Troubled Frayser Apartment Complexes Land New Owner -

3081 St. Charles Drive
and 931 Frayser Blvd.
Memphis, TN 38127

Sale Amount: $2.2 Million
Sale Date: July 22, 2009
Buyer: Group 40 LLC
Seller: Whitney Frayser Manor Memphis LLC
Loan Amount: $1.5 million
Loan Date: July 21, 2009
Maturity Date: July 1, 2012
Lender: Madison Realty Capital LP

11. Foreclosed Apartments Find New Owner -

The bank that bought the Whitney Manor and Frayser Manor apartment complexes in Frayser out of foreclosure has sold the properties to a Connecticut-based entity called Group 40 LLC. The $2.2 million sale closed in late July.

12. Neuvo Salon Files Permit For New East Memphis Location -

5158 Wheelis Drive
Memphis, TN 38117
Permit Amount: $712,367

Project Cost: $712,367
Permit Date: Applied May 2009
Completion: March 2010
Owner: Neuvo Salon
Tenant: Neuvo Salon
Contractor: Construction Solutions LLC
Architect: Thoda and Associates PLLC

13. Frayser Apartments Sold Back to Bank -

The Whitney Manor and Frayser Manor apartment complexes in Frayser have been sold back to the bank that owned the note on them, Madison Realty Capital LP, for a combined $1.2 million following a foreclosure. Whitney Frayser Manor Memphis LLC, a local entity related to the lender, bought the properties April 6 from successor trustee Charles S. Sanger on the courthouse steps.

14. Frayser Apartments Face Foreclosure Sale -

The owner of the Whitney Manor and Frayser Manor apartment complexes in Frayser has been foreclosed, and both properties will be sold on the courthouse steps April 6, according to a notice on Page 39 of today’s print edition of The Daily News, and also at The Daily News Online, www.memphisdailynews.com.

15. Revid Property Management Has Growth on Mind During Tough Times -

Revid Property Management LLC acquired Midtown Property Management and Realty LLC in August, gaining about 400 new rental units and placing the company and its sister entities, Revid Realty LLC and Revid Design LLC, as one of the largest property management companies in Memphis.

16. Hedge Funds Help Fill Gap in Lending for Property -

Three months ago, Eric Gray saw an opportunity to scoop up a vacant retail property in New York City's borough of Brooklyn. But he had a problem, one that has been plaguing many real-estate investors and owners: The nation's banks, burned by years of easy credit and the resulting devastating losses, are no longer eager to lend.

17. Commercial Real Estate Tumbles -

After a prolonged and prosperous ride, commercial real estate stumbled in the past year with no signs of regaining its balance anytime soon.

Just 998 commercial sales were made in Shelby County from August 2007 through July 2008, down 17.6 percent from 1,211 sales during the previous 12-month period, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

18. No Gloom Here -

Memphis' multifamily industry enjoyed one of the most dynamic years in recent memory, as 2007 saw increased occupancy, rental rates and even construction, according to the fourth quarter and 2007 "Memphis Multi-Housing Marketview" report by the local office of CB Richard Ellis (CBRE).

19. Breaking the Mold -

Large transactions involving apartment complexes and hotels dominated Shelby County's commercial real estate landscape in 2007, a year that saw increased sales amid an overwhelming economic slowdown.

20. Watergrove Transaction Sets Multifamily Price Record -

With 22 acres of lakes dotted across its sprawling footprint near Tenn. 385, Watergrove Townhomes has been one of the more recognizable properties in the Hickory Hill area for the past 20 years.

Thanks to the arrival of Philadelphia-based BPG Properties Ltd., the 1,002-unit Class B complex can now add another distinction to its resume - most lucrative.

21. Frayser Apartments SoldTo Connecticut Investor -      Two Frayser apartment complexes have sold to a Connecticut investor for $2.6 million.
     Whitney Manor Apartments at 1520 Whitney Ave. and Frayser Manor Apartments at 931 Frayser Blvd. were

22. Give 'Em Credit: Teachers' Credit Union Official Says New Branches Will Keep It Competitive -

New MATCU Branches on
Union Avenue and White Station Road
Project Cost: Not released

Permit Date: Dec. 4, 2006

23. Madison Avenue Building Turns Inside Out -

The developers of the Goodwyn Condominiums at 127 Madison Ave. are looking to blend a historic building with high-tech amenities.

The 18-story, 68,000-square-foot building is being redeveloped by Henry Grosvenor and J. Hollingsworth of Capital Development LLC for $9 million.

24. Royal ArkansasBuys Ramada Limited - The Royal Arkansas Hotel & Suites Inc. purchased the Ramada Limited at 2945-2979 Millbranch Road from LaSalle Bank as trustee for $1.9 million. One trust deed for $600,000 was filed with Madison Realty Capital as the lender. LaSalle purchased the pro

25. Archived Article: Real Recap - 10 S

Developer Refinances South Main Apartments

10 S. Main St.

Memphis, TN 38103

Cost: $7.9 million

Borrower: CTB LLC

Lender: Morgan Stanley Mortgage Capital Inc.

Trustee: Mid-South Title Corp.

Property: No. 10 Main Apartment...

26. Archived Article: Real Review Lj - Jitney Jungle closes doors Jitney Jungle closes doors in Little Rock, Memphis markets Jitney Jungle Stores of America Inc. on Monday announced the sale of six stores and the closure of three grocery stores and two companion gas stations in the Memph...

27. Archived Article: Real Briefs - Equity Inns Inc Equity Inns Inc., a hotel real estate investment trust that owns premium brand, limited-service and extended-stay hotel properties throughout the United States, announced that it has completed the private placement of $88 million in ...