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Editorial Results (free)

1. Memphis Investment Professionals Preach Caution Amid Market Swings -

The 1,000-point drop at one point Monday, Aug. 24, in the Dow Jones Industrial Average – it ended the day down 588 points to close at an 18-month low – was a result of volatile trading that marked a stomach-churning start to the week for investors.

2. Mayoral Debate Clash Focuses on City Finances -

Memphis city government’s financial problems and how those problems happened was the flashpoint for the latest meeting of the top mayoral contenders on the Oct. 8 ballot.

The Wednesday, Aug. 19, forum sponsored by The Commercial Appeal at the University of Memphis saw incumbent Mayor A C Wharton Jr. clash with challengers and city council members Jim Strickland and Harold Collins. The fourth debate contender, Memphis Police Association president Mike Williams, argued for different city priorities and a slower move toward economic development goals.

3. Memphis Symphony President and CEO to Leave in November -

The Memphis Symphony Orchestra’s president and CEO is preparing to step down in November.

Roland Valliere is taking a new job in Cape Cod, Mass., as president and CEO of the nonprofit arts organization Cape Arts & Entertainment, the Memphis symphony announced Monday. He’s staying on here through Nov. 9 and will continue to serve as an adviser to smooth the leadership transition.

4. Ballet Memphis Closes On French Quarter Suites Purchase -

2144 Madison Ave.
Memphis, TN 38104

Sale Amount: $4.2 million

Sale Date: Aug. 6, 2015

5. Hooker Fights for Right to Die on His Terms -

John Jay Hooker, a household name in Middle Tennessee if nowhere else, is suffering from stage 4 metastatic cancer with weeks, not months to live.

6. Memphis Search Marketing Firm Nabs Spot on Inc. 500 -

Search marketing firm HigherVisibility LLC was the highest-ranked Memphis company on the annual Inc. 5000 list, which ranks the nation’s fastest growing companies.

7. Editorial: The Triumphant Return of Tigers Football -

Fifty years after the University of Memphis’ first season at the Liberty Bowl, and 52 years since the 1963 undefeated season, the annual return of Tigers football feels triumphant.

Maybe you don’t completely trust the tide from last year’s winning season – the first since 2007, the first conference championship since 1971 and the first bowl appearance since 2008. Your head tells you to assert your confidence in Tigers football. But in your heart, it feels like this may be at the expense of Tigers basketball.

8. Memphis Firm HigherVisibility Nabs Spot on Inc. 5000 -

Search marketing firm HigherVisibility LLC was the highest-ranked Memphis company on the annual Inc. 5000 list, which ranks the nation’s fastest growing companies.

9. College Football Notebook: Nick Saban Needs a Quarterback -

Another season at Alabama and another battle for quarterback.

Last year’s runner-up, Florida State transfer Jacob Coker, returns for a second shot at the job after losing out to Blake Sims in 2014. Redshirt freshman David Cornwell showed enough last spring to become a contender, and the race may be wide enough open to go beyond these two if neither can assert himself as the leader of the offense.

10. Regions Wealth Executive Talks Expansion, Growth Opportunities -

Travis LeMonte has been on the job for a little more than two months, but the executive leading Regions Private Wealth Management in West Tennessee already is talking expansion and adding to his team’s wealth management firepower.

11. West-Ward Pharmaceutical Plans Distribution Center Expansion -

4750 Pleasant Hill Road
Memphis, TN 38116
Loan Amount: $6.1 million

12. Earnings Season Roundup -

International Paper Reports Q2 Earnings Growth: International Paper reports its second-quarter net earnings grew while net sales for the quarter decreased slightly.

The Memphis-based company, which released its quarterly financial results Wednesday, July 29, said second-quarter earnings totaled $227 million, or 54 cents per share. That’s up from $161 million, or 37 cents per share, in second quarter 2014, but down from $313 million, or 74 cents per share, in first quarter 2015.

13. Carriage Ride -

Carriage Crossing is experiencing strong leasing activity and rising sales numbers as it prepares for multinational clothing retailer H&M to open its first Memphis-area location this month.

In recent months, the Collierville lifestyle center landed the H&M store, which the Swedish retailer says it plans to open Aug. 13, an Off Broadway Shoe Warehouse and a Hickory Tavern restaurant.

14. Memphis Police Oversight Ordinance Back on Track After Wharton Backtracks -

Two days after an aide in Memphis Mayor A C Wharton Jr.’s administration said the mayor was against any changes to the 1994 city ordinance governing a Civilian Law Enforcement Review Board, Wharton himself said he is for the proposed changes.

15. MAA Reports Surging Profits -

Mid-America Apartment Communities Inc. reported a banner second quarter highlighted by surging profits.

16. Houston Levee Apartments In Cordova Fetch $17.5M -

9940 Paddle Wheel Drive
Cordova, TN 38016

Sale Amount: $17.5 million

Sale Date: July 9, 2015

17. Speakers Set For Inaugural TEDxMemphis Event -

A few weeks from now, Memphians will have a chance to hear from Kimbal Musk, the brother of billionaire Tesla founder Elon Musk, about his plans for the restaurant and garden concepts he’s bringing to Memphis.

18. Ikea Buys Cordova Acreage For Planned Memphis Store -

41 Acres for
Future Ikea Store

Sale Amount: $5.7 million

Sale Date: July 10, 2015

Buyer: IKEA Property Inc.

19. REIT Buys Sears Properties in Sale-Leaseback -

In part of a major transaction to increase cash flow and make their retail spaces more productive, Sears Holdings Corp. sold four Memphis properties to its newly formed public real estate investment trust, Seritage Growth Properties, for a combined $17.6 million.

20. Nineteenth Century Club Owner Files Building Permit -

The owner of the Nineteenth Century Club is prepared to launch a renovation of the historic building on Union Avenue.

Union Group LLC has applied for a $2.17 million building permit with the city-county Office of Construction Code Enforcement to proceed with renovations to turn the home at 1433 Union Ave. into a restaurant. Archer Custom Builders is listed as the contractor on the permit.

21. Owner Files Building Permit For Nineteenth Century Club -

The owner of the Nineteenth Century Club is prepared to launch a renovation of the historic building on Union Avenue.

Union Group LLC has applied for a $2.17 million building permit with the city-county Office of Construction Code Enforcement to proceed with renovations to turn the home at 1433 Union Ave. into a restaurant. Archer Custom Builders is listed as the contractor on the permit.

22. REIT Buys Sears Properties in Sale-Leaseback Transaction -

In part of a major transaction to increase cash flow and make its retail spaces more productive, Sears Holdings Corp. sold four Memphis properties to its newly formed public real estate investment trust, Seritage Growth Properties, for a combined $17.6 million.

23. Carpenter: Police Internal Affairs Records Should Be Open -

When advocates of a beefed-up Civilian Law Enforcement Review Board for Memphis called for police internal affairs to open its records of misconduct investigations to the review board, it wasn’t a new idea.

24. Gasol Back in Fold, Grizzlies Still In Thick of Tough Western Conference -

There were a few mildly uneasy days between the arrival of Grizzlies controlling owner Robert Pera in Spain and the news that, yes, All-Star center Marc Gasol would indeed re-sign with the team. And not just for a short-term deal, but a five-year max contract (about $113 million) with a player option after the fourth year.

25. Civilian Review Board Debate Flares Before Council Delay -

After years of give and take, negotiations over legal terms and the rise of police misconduct as a national issue, it appeared the Memphis City Council was ready Tuesday, July 7, to take a final vote on new rules for the long-dormant Civilian Law Enforcement Review Board.

26. Ikea Seeks $16 Million Permit For First Memphis Store -

Future Ikea Store
On 42 Acres In Cordova
Permit Cost: $16 million

Application Date: July 2015
Owner/Tenant: Ikea
Details: Ikea is moving forward with its massive retail store in Cordova.

27. Nineteenth Century Club Owners Secure Loan -

The owners of the Nineteenth Century Club in Midtown have secured a $2.35 million construction loan to begin transforming the historic home at 1433 Union Ave. in Midtown into a restaurant.

28. Memphis Symphony Eyes Move to Midtown -

Memphis Symphony Orchestra president and CEO Roland Valliere is not shy when it comes to talking about the future of the organization.

After all, it wasn't that long ago that the symphony made the painful acknowledgement that its finances were in dire straits, that it needed support from patrons and the public more than ever and that its future was far from guaranteed.

29. Nineteenth Century Club Owners Secure Loan -

The owners of the Nineteenth Century Club in Midtown have secured a $2.35 million construction loan to begin transforming the historic home at 1433 Union Ave. in Midtown into a restaurant.

30. Mark Mosteller Joins Evolve Bank & Trust -

Mark E. Mosteller Sr. recently joined Evolve Bank & Trust as executive vice president, accounting and finance.
The new role includes a variety of responsibilities, including management of the accounting and finance department team, accounting internal controls, internal and external financial reporting, budgeting and forecasting, taxes and treasury management. Mosteller also works with senior and executive management and the board on accounting, finance and operational issues.

31. Jason Eagle to Lead MIFA’s Advancement Department -

Jason Eagle has been appointed vice president of advancement for MIFA. Eagle will oversee the vision and execution of engaging the Memphis community to advance the nonprofit organization’s mission. He will lead a team to increase and enrich public awareness, volunteerism, outreach and stewardship to meet annual and long-term fundraising goals.

32. Dog Daycare Bringing New Life to East Memphis Retail Center -

A new doggy daycare and camp is coming to East Memphis.

Becky and Tim Simcoe have leased 8,875 square feet at the Balmoral Shopping Center at Quince Road and Ridgeway Road in East Memphis to open a Camp Bow Wow franchise.

33. 100 N. Main Keeps Power On for Another Month -

The head of the Downtown Memphis Commission says the skyscraper at 100 N. Main St. suffers from “weak” ownership and that the building would probably be better off with a new, deep-pocketed owner.

34. Michigan Investor Pays $7.5 Million for Hickory Hill Apartments -

5995 Waterstone Oak Way
Memphis, TN
Sale Amount: $7.5 million

Sale Date: June 11, 2015
Buyer: RoCo-Lakes LLC
Seller: RRE Waterstone Holdings LLC
Loan Amount: $6.2 million
Loan Date: June 11, 2015
Maturity Date: June 11, 2017
Lender: Keybank NA
Details: RoCo-Lakes LLC, a Michigan limited liability company, purchased two parcels comprising The Lakes at Ridgeway Apartments on June 11.

35. Jason Eagle to Lead MIFA’s Advancement Department -

Jason Eagle has been appointed vice president of advancement for MIFA. Eagle will oversee the vision and execution of engaging the Memphis community to advance the nonprofit organization’s mission. He will lead a team to increase and enrich public awareness, volunteerism, outreach and stewardship to meet annual and long-term fundraising goals.

36. Developer Arranging Financing for 100 North Main -

The owner of the skyscraper at 100 N. Main St. is closing in on a financing package to redevelop the building and will pay his utility bill as soon as the deal is complete, according to a review of public records.

37. Local Investment Group Files $11.4 Million Loan -

Radiant Group of Properties LLC filed an $11.4 million loan with BancorpSouth Bank on June 14 for 14 of its retail properties around Memphis and Shelby County.

38. Memphis City Council’s Distrust of Wharton Boils to Surface -

If it wasn’t obvious in five previous budget seasons, Memphis City Council members made the point clearer Tuesday, June 16, just before they delayed final city budget votes for another week.

They don’t trust the numbers and explanations they are getting from Memphis Mayor A C Wharton Jr. as they try to rearrange his $656.5 million budget that was proposed in April.

39. Sam’s Hamburgers in 100 N. Main Could Be Forced to Close -

Amjad “AJ” Odeh moved to Memphis in 1996 to partner with Osama Eltaych at the old Sam’s Hamburgers & More that was operating at 16 S. Front St.

40. Hillwood Pays $17.7 Million for FedEx SupplyChain Facility -

5050 E. Holmes Road and 0 Lamar Ave.
Memphis, TN 38118
Sale Amount: $17.7 million

41. Memphis' Tallest Building Faces June 24 Utility Cutoff -

The owner of the skyscraper at 100 N. Main St., the city’s tallest office building, has two weeks to pay the delinquent balance on the Memphis Light, Gas and Water Division bill before utilities will be disconnected, a move that would catch a popular Downtown restaurant in the crossfire, according to a an executive at the publicly owned utility.

42. MAA Outgrowing Its East Memphis Headquarters -

MAA has tapped Cushman & Wakefield/Commercial Advisors to explore its long-term corporate office needs.

The apartment-focused real estate investment trust says internal growth and the 2013 acquisition of Colonial Properties Trust means space at its East Memphis headquarters is getting tight.

43. Solana Senior Living Facility Sells for $65.5 Million -

8199 Poplar Ave.
Germantown, TN 38138

Sale Amount: $65.5 million

Sale Date: May 27, 2015

44. Wendy’s in Frayser Sells for $1.46 Million -

The Wendy’s franchise restaurant at 2221 Frayser Blvd. in Memphis sold May 20 for $1.5 million.

45. Evolve Bank & Trust Adds Executive Vice President -

Evolve Bank & Trust has added Mark Mosteller as its new executive vice president of accounting and finance.

46. YMCA of Memphis Buys Downtown YMCA for $2.9M -

The YMCA of Memphis & the Mid-South has purchased the Fogelman Downtown YMCA for $2.9 million, according to public records.

YMCA acquired the building at 245 Madison Ave. from Forum 245 Madison LLC, according to a May 27 warranty deed. In conjunction with the purchase, the organization filed a $2.1 million loan with Regions Bank, according to a May 26 deed of trust. Keith Johnson, president and chief executive of the YMCA of Memphis & the Mid-South, signed the deed of trust.

47. Memphis Library Foundation Crowdfunds for Cloud901 -

This week, the Memphis Library Foundation launched its first crowdfunding campaign to raise $10,000 for needed equipment in its new teen learning lab Cloud901, opening this fall.

Thanks to donors Jack and Sandra Jones, that $10,000 will be doubled, with their commitment to match up to $10,000.

48. Redbirds' Piscotty Adjusts Batting Approach in Search of Cardinals-Level Power -

When Stephen Piscotty was growing up in Pleasanton, Calif., he played one of those games that kids with big-league dreams play. Only, this game was a little different. It had to be. The backyard had an obstacle.

49. Salomon Joins Harkavy Shainberg -

Jason D. Salomon, one of the 25 lawyers in Tennessee certified as an estate planning specialist, has joined Harkavy Shainberg Kaplan & Dunstan PLC as a member of the firm.
Salomon focuses his practice primarily in the areas of estate planning, trust implementation and probate administration. He also addresses issues regarding disability planning, elder law, nonprofits and small-business succession.

50. 100 N. Main Owner Still Owes MLGW -

The owner of the city’s tallest office building still has not paid the Memphis Light, Gas and Water Division bill on the property, and an official with the publicly owned utility said the two sides remain engaged in talks.

51. Evolve Bank & Trust Adds Executive Vice President -

Evolve Bank & Trust has added Mark Mosteller as its new executive vice president of accounting and finance.

52. YMCA of Memphis Buys Downtown Facility for $2.9 Million -

The YMCA of Memphis & the Mid-South has purchased the Fogelman Downtown YMCA for $2.9 million, according to public records.

YMCA acquired the building at 245 Madison Ave. from Forum 245 Madison LLC, according to a May 27 warranty deed. In conjunction with the purchase, the organization filed a $2.1 million loan with Regions Bank, according to a May 26 deed of trust. Keith Johnson, president and chief executive of the YMCA of Memphis & the Mid-South, signed the deed of trust.

53. Regions Bank Taps New Area Wealth Executive -

Regions Bank has tapped Travis LeMonte to be its new area wealth executive for Regions Private Wealth Management in West Tennessee.

54. Wendy’s in Frayser Sells for $1.46 Million -

The Wendy’s franchise restaurant at 2221 Frayser Blvd. in Memphis sold May 20 for $1.5 million.

55. Cooper-Young Festival Poster Artist Chosen -

The Evolve Bank and Trust Cooper Young Festival has announced Midtown-based creative Gino Barzizza as the poster artist for the 2015 festival.

56. AutoZone Among Top 10 Arts-Supporting Businesses -

AutoZone Inc.’s commitment to the arts has earned it a place in Americans for the Arts’ top 10 business partners.

57. 100 N. Main Listed on National Historic Register -

The city’s tallest building has been added to the National Register of Historic Places, a designation that could allow tax credits and grants for the redevelopment of the building at 100 N. Main St.

58. Snapshot: Memphis-Based Public Companies -

Here's a look at what's going on at the dozen public companies headquartered in Memphis:

AutoZone Inc.

AutoZone Inc. is one of the largest auto parts retailers and distributors in the U.S., with a store count of 5,476 as of Feb. 14. Since 1998, the company has repurchased $15.7 billion worth of its own shares. At the end of March, AutoZone continued its share buyback program with the authorization to buy back another $750 million in company stock. The company followed that news with plans to pursue a $650 million debt offering to be used for “general corporate purposes.” – Andy Meek

59. 100 N. Main Could Lose Utilities -

The owner of the city’s tallest office building has until the end of the month to pay at least the past-due portion of the Memphis Light, Gas and Water Division bill on the property before potentially facing cutoff.

60. 100 N. Main Listed on National Historic Register -

The city’s tallest building has been added to the National Register of Historic Places, a designation that could allow tax credits and grants for the redevelopment of the building at 100 N. Main St.

61. Cooper-Young Festival Poster Artist Chosen -

The Evolve Bank and Trust Cooper Young Festival has announced Midtown-based creative Gino Barzizza as the poster artist for the 2015 festival.

62. AutoZone Named in Top 10 of Arts-Supporting Businesses -

AutoZone Inc.’s commitment to the arts has earned it a place in Americans for the Arts’ top 10 business partners.

63. Small Banks Find Ways to Compete With Giants -

Nashville’s InsBank began 15 years ago, founded by a group of insurance agents. Originally, it was known as Insurors Bank of Tennessee, its target market was independent insurance agents in the state. But that has changed somewhat over the years as the bank has evolved from that particular niche.

64. Massey Helps Grow Memphis CCIM Chapter -

Unlike countless college students who hop from one major to another, Shawn Massey always knew he wanted to be involved in commercial real estate.

65. The Joy of Tony Allen; Inflategate Worse Than Deflategate -

Wading in with a few quick takes …

If I had the money and the inclination to open up a bar on Beale Street, the name is set: One-Eyed Charlie.

Mike Conley’s masked-man performance in Game 2 as the Grizzlies defeated Golden State to even their Western Conference playoff series at 1-1 now stands atop the list of true grit-n-grind moments. And for the record, playing point guard with a broken face > than pitching with a bloody sock.

66. Rieger Begins Work at Memphis Chamber -

Tom Rieger recently joined the Greater Memphis Chamber as senior vice president of member development, a role in which he will oversee major fundraising activities, conduct membership drive campaigns and implement revenue enhancement opportunities.

67. University of Memphis Foundation Applies for $1 Million Building Permit -

1115 E. Getwell Loop
Memphis, TN 38111
Permit Amount: $1 million

Applicant: The University of Memphis Foundation
Project Cost: $40 million
Permit Application Date: April, 2015
Architect: Fleming Architects
Contractor: Grinder, Taber & Grinder Inc.
Details: The University of Memphis Foundation has applied for a $1 million building permit for a new facility at the university’s Park Avenue campus.

68. IHeartMedia Sells Four Memphis Radio Towers -

IHeartMedia + Entertainment Inc. has sold four of its Memphis radio towers for $6.3 million as part of a national deal topping $300 million.

69. Medical Center Apartments Sell for $6.4 Million -

A Memphis investor has acquired a Memphis Medical Center apartment building for $6.4 million.

Thunderbird Towers LLC bought the 201-unit, Class C apartment building at 141 N. Manassas St., known as the Adams Place Apartments, from 750 Adams Place LLC, according to an April 13 warranty deed.

70. Salinger Lawsuit Reflects Larger Issues of Literature -

When 22 of his short stories and other writings were published in 1974, J.D. Salinger broke a 20-year public silence and explained his feelings about his early works before he wrote “The Catcher in the Rye.”

71. Investor Buys Medical Center Apartments for $6.4 Million -

A Memphis investor has acquired a Memphis Medical Center apartment building for $6.4 million.

Thunderbird Towers LLC bought the 201-unit, Class C apartment building at 141 N. Manassas St., known as the Adams Place Apartments, from 750 Adams Place LLC, according to an April 13 warranty deed.

72. Raleigh Warehouse on Elmore Road Sells For $700,000 -

A Union County, Tenn., forklift business has sold a Raleigh warehouse building for $700,000.

Union City Forklift Inc. sold the property at 2188 Spicer Cove in Memphis to Dpdd LLC, according to an April 6 warranty deed. Jim Mason, president of Union City Forklift Inc., signed the warranty deed.

73. Wal-Mart Moves Forward With New Supercenter -

6790 Raleigh Lagrange Road
Memphis, TN 38134
Permit Amount: $600,000

Permit Application Date: April 2015
Owner: Wal-Mart Stores Inc.
Tenant: Wal-Mart Stores Inc.
Architect: Carlos Perez
Details: Wal-Mart Stores Inc. is moving forward with plans for a new supercenter near Interstate 40 and Whitten Road.

74. IHeartMedia Sells Four Memphis Radio Towers -

IHeartMedia + Entertainment Inc. has sold four of its Memphis radio towers for $6.3 million as part of a national deal topping $300 million.

75. Rental Company Buys 7 Homes Near U of M -

A Germantown-based rental-home company has purchased seven houses near the University of Memphis for $617,000.

Blue & White Properties bought the homes at 572, 582 and 588 Watson St., 590 Loeb St., 737 Shotwell St., 705 S. Graham St. and 3739 Spottswood Ave. from Collegiate Properties LLC, according to a March 31 warranty deed.

76. REIT Acquires Three Hotels for $39.6 Million -

7905 Giacosa Place, 5320 Poplar Ave. and 7855 Wolf River Boulevard
Memphis, TN
Sale Amount: $39.6 million

77. Rental Company Buys 7 Homes Near University of Memphis -

A Germantown-based rental-home company has purchased seven houses near the University of Memphis for $617,000.

Blue & White Properties bought the homes at 572, 582 and 588 Watson St., 590 Loeb St., 737 Shotwell St., 705 S. Graham St. and 3739 Spottswood Ave. from Collegiate Properties LLC, according to a March 31 warranty deed.

78. Regency Homebuilders Buys Lakeland Property -

Regency Homebuilders LLC has paid $1.3 million for 64 acres in Lakeland.

The Germantown-based homebuilder bought the vacant land from Bank of Bartlett in a March 25 warranty deed. In conjunction with the purchase, Regency filed a two-year, $1.3 million deed of trust, also through Bank of Bartlett.

79. REIT Acquires Three Hotels for $39.6 Million -

A New York-based real estate investment trust has acquired three hotels in the Memphis area for $39.6 million.

ARC Hospitality Portfolio I Owner LLC, an affiliate of American Realty Capital Hospitality Trust Inc., acquired the three properties from W2007 Equity Inns Realty LLC.

80. Regency Homebuilders Buys Lakeland Property -

Regency Homebuilders LLC has paid $1.3 million for 64 acres in Lakeland.

The Germantown-based homebuilder bought the vacant land from Bank of Bartlett in a March 25 warranty deed. In conjunction with the purchase, Regency filed a two-year, $1.3 million deed of trust, also through Bank of Bartlett.

81. Workforce Group Elects Downtown for Office -

The Greater Memphis Alliance for a Competitive Workforce has found a headquarters location Downtown, leasing 2,967 square feet at the One Commerce Square office tower.

The alliance aims to produce a united regional workforce development system by generating extensive workforce data, creating a pipeline of ready-to-work employees, crafting career roadmaps for workers and students and helping meet the near-term employment needs of local employers.

82. Legislators Not Moved by Hymns, Reason -

The words of “We Shall Overcome” and “Wade in the Water” resonate through the halls as Insure Tennessee supporters descend on the Legislative Plaza for a key vote on the plan to provide coverage to 280,000 working Tennesseans.

83. REIT Acquires Three Hotels For $39.6 Million -

A New York-based real estate investment trust has acquired three hotels in the Memphis area for $39.6 million.

ARC Hospitality Portfolio I Owner LLC, an affiliate of American Realty Capital Hospitality Trust Inc., acquired the three properties from W2007 Equity Inns Realty LLC.

84. FedEx Secures Deal to Buy TNT Express -

FedEx Corp. has agreed to take over one of Europe's largest delivery companies, TNT Express, for $4.8 billion, the companies announced Tuesday, April 7.

85. Woods at Ridgeway Apartments Sell for $18.5 Million -

6277 Lake Arbor Drive and 6206 Knight Arnold Road
Memphis, TN 38115
Sale Amount: $18.5 million

86. Arizona REIT Buys Three Properties for $6.4 Million -

An Arizona-based real estate investment trust has snatched up three Memphis-area car wash facilities for $6.4 million.

Store Master Funding VII LLC, an affiliate of Scottsdale-based STORE Capital, acquired the properties at 1565 N. Germantown Road, 5795 Raleigh Lagrange Road and 4234 Hacks Cross Road from Little Rock, Ark.-based Baileys Tunnel Wash LLC, according to three March 16 warranty deeds.

87. Finard Properties Sells Germantown Retail Center -

A New York investor has purchased the Germantown Plaza Shopping Center for $14.35 million.

An entity operating as FarmEx Rail LLC acquired the 137,554-square-foot shopping center at 1991 Exeter Road, near the southwest corner of Exeter and Farmington Boulevard, from Finard Germantown LLC, according to a March 19 warranty deed. The buyer, FarmEx Rail LLC, filed a $10.7 million loan in association with the purchase with CitiGroup Global Markets Realty Corp, according to a March 21 deed of trust.

88. Arizona REIT Buys Three Properties for $6.4 Million -

An Arizona-based real estate investment trust has snatched up three Memphis-area car wash facilities for $6.4 million.

Store Master Funding VII LLC, an affiliate of Scottsdale-based STORE Capital, acquired the properties at 1565 N. Germantown Road, 5795 Raleigh Lagrange Road and 4234 Hacks Cross Road from Little Rock, Ark.-based Baileys Tunnel Wash LLC, according to three March 16 warranty deeds.

89. Highland Capital Management Merges With Florida Firm -

Memphis-based investment firm Highland Capital Management has merged with a Florida-based financial firm.

Highland Capital has acquired the assets of ICC Capital Management, a combination that increases client assets under management at Highland to $2.8 billion. As a result, Highland’s parent company, Louisiana-based wealth management firm Argent Financial Group, is now responsible for client assets of more than $11 billion.

90. Lowery, Boyd Urge Wharton to Change Riverside Drive -

Memphis City Council chairman Myron Lowery and council member Berlin Boyd are urging Memphis Mayor A C Wharton Jr. to “compromise” on the current layout of Riverside Drive between Beale Street and Georgia Avenue.

91. Finard Properties Sells Germantown Retail Center -

A New York investor has purchased the Germantown Plaza Shopping Center for $14.35 million.

An entity operating as FarmEx Rail LLC acquired the 137,554-square-foot shopping center at 1991 Exeter Road, near the southwest corner of Exeter and Farmington Boulevard, from Finard Germantown LLC, according to a March 19 warranty deed. The buyer, FarmEx Rail LLC, filed a $10.7 million loan in association with the purchase with CitiGroup Global Markets Realty Corp, according to a March 21 deed of trust.

92. Orion Acquires Medical Center Property for New Branch -

821 Poplar Ave.
Memphis, TN 38105
Sale Amount: $1.3 million

Sale Date: March 20, 2015
Buyer: Orion Federal Credit Union
Seller: Georgia Commercial Stores Inc.
Details: Orion Federal Credit Union has acquired a key piece of Memphis Medical Center real estate for a new branch.

93. Memphis-Area Homes Part of $553 Million Loan -

A total of 66 residential single-family rental properties in the Memphis area, including the cities of Memphis, Lakeland and Arlington, are part of a massive loan arranged by Goldman Sachs for a leading residential real estate investment trust.

94. Memphis-Area Homes Part of $553 Million Loan -

A total of 66 residential single-family rental properties in the Memphis area, including the cities of Memphis, Lakeland and Arlington, are part of a massive loan arranged by Goldman Sachs for a leading residential real estate investment trust.

95. Salinger Court Fight Involves Law, Literature Business -

When 22 of his short stories and other writings were published in 1974, J.D. Salinger broke a 20-year public silence and explained his feelings about his early works before he wrote “The Catcher In The Rye.”

96. Argent Financial Adds to Executive Ranks in Memphis -

Argent Financial Group and its Argent Trust Co. subsidiary have added David Franks to executive ranks as senior vice president and relationship manager.

97. Argent Financial Adds To Executive Ranks in Memphis -

Argent Financial Group and its Argent Trust Co. subsidiary have added David Franks to executive ranks as senior vice president and relationship manager.

98. Salinger Legal Case Surfaces in Memphis Federal Court -

A Memphis company that last summer published three short stories by J.D. Salinger in the U.S. is suing the J.D. Salinger Literary Trust over its plans to publish the trio as “Three Early Stories” in foreign markets.

99. Chicago-Based LivCor Snaps Up Memphis Apartment Community -

9230 Thornbury Boulevard
Memphis, TN 38125
Sale Amount: $51.3 million

Sale Date: Feb. 27, 2015
Buyer: BRE Piper MF Forest Creek TN LLC, an affiliate of Chicago-based LivCor LLC,
Seller: Forest Creek Apartment Associate LLC and Forest Creek Land Associates LLC, affiliates of Carter Hastin Real Estate Services Inc.
Loan Amount: $44.2 million
Loan Date: Feb. 27, 2015
Lender: Wells Fargo Bank
Details: The Preserve at Forest Creek Apartments in Southeast Memphis has been sold for $51.3 million.

100. Tennessee Cemetery Owner Agrees to Probation in Plea Deal -

MEMPHIS, Tenn. (AP) – A Tennessee cemetery owner accused of burying up to 200 bodies on land not owned by the business pleaded guilty Friday in exchange for 10 years' probation.

Jemar Lambert, the owner of Galilee Memorial Gardens in Bartlett, entered an Alford plea in Shelby County Criminal Court. Under an Alford plea, a defendant doesn't admit guilt but acknowledges there is enough evidence to convict.