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Editorial Results (free)

1. Dallas Company Buys Macon Road Center -

6100 Macon Road
Memphis, TN 38134
Sale Amount: $1.2 million

Sale Date: March 26, 2014
Buyer: PNL Cumberland LLC
Seller: Flagstar Bank FSB
Loan Amount: $862,500
Loan Date: April 1, 2014
Maturity Date: N/A
Lender: Pinnacle Bank
Details: An affiliate of Dallas-based The PNL Cos. has paid $1.2 million for the 30,000-square-foot shopping center at 6100 Macon Road in Northeast Memphis.

2. Glencore Grain Buys 2 Industrial Properties -

An affiliate of Swiss commodities giant Glencore International AG has bought warehouses at 1824 Frisco Ave. and 2452 Frisco Ave. in the Defense Depot area.

3. Call Center ‘Gratifying’ for Local Office Sector -

Conduit Global’s announcement this week that it is locating a call center in Shelby County that will employ 1,000 people was a breath of fresh air for local office real estate professionals.

4. Harkavy Happy Mixing Business With Law -

Lee Harkavy, partner with Wyatt Tarrant & Combs LLP, had a dream to work in the world of business and finance, so the native Memphian pursued and completed a Bachelor of Business Administration in financing and accounting at the University of Michigan.

5. Former Ike’s on Summer Sells for $2.7 Million -

4569 Summer Ave. Memphis, TN 38122

Sale Amount: $2.7 million

Sale Date: May 17, 2013

6. ‘Perfect Storm’ -

Office sublease space reached a record high in the first quarter, and local experts are forecasting even more leases from one lessee to another to hit the market prior to year-end.

Office subleasing totaled 600,664 square feet during the first three months of the year, according to Cushman & Wakefield/Commercial Advisors LLC’s Q1 office market report. That’s nearly 14 percent of total available space.

7. Hertz Closes On Memphis CRE Portfolio -

Hertz Investment Group LLC has completed its acquisition of five Memphis office buildings, marking the firm’s return to the Bluff City and focus shift to secondary and tertiary markets.

8. Mitsubishi Chem Subsidiary Files Permit App for HQ -

2665 Fite Road
Memphis, TN 38127

Permit Cost: $8.2 million

Permit Date: Applied March 2012

9. Logistics Team Buys Delp St. Warehouse -

Logistics Team, a third-party logistics firm based near Los Angeles, has bought a 95,000-square-foot warehouse at 4444 Delp St. for $1.7 million.

10. Last Straw? -

News last week that the law firm Glankler Brown PLLC will vacate 39,000 square feet in One Commerce Square signaled another blow to the embattled 31-story tower, a fixture on the Memphis skyline for the past four decades.

11. Data and Contacts Vanish from Sidekick Phones -

NEW YORK (AP) - Owners of Sidekick phones may have lost all the personal information they put on the device, including contact numbers, because of a failure of servers that remotely stored the data.

12. Dollar General Coming To James Road in Raleigh -

3609 James Road
Memphis, TN 38128
Permit Amount: $497,000

Project Cost: $497,000
Permit Date: Applied September 2009
Completion: TBA
Owner: SW Properties LLC
Tenant: Dollar General Corp.
Contractor: SW Properties LLC
Architect: N/A

13. Storage Company Transfers Two Locales -

U Store It, a national owner and operator of self-storage facilities, on Sept. 16 quitclaimed – or transferred – its properties at 3686 S. Germantown Road in Southeast Shelby County and 3040 Austin Peay Highway in Raleigh to its trust division, which operated in the transaction as YSI XXXXI LLC.

14. 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

15. U Store It Buys Germantown Home -

Alexandria, Va.-based U Store It, a national owner and operator of self-storage facilities, has bought a 5,744-square-foot home on Belle Fleurs Cove in Germantown. Operating as U Store It LP, the company on Aug. 19 paid $985,000 for the home from Jonathan L. and Angela J. Perry.

16. Pawnshops Clients Today are Driving BMWs -

PHILADELPHIA - At Society Hill Loan, a pawnshop in a middle-class neighborhood here, a steady rain fell outside as a fashionably dressed young man parked his Cadillac Escalade outside. Looking around warily, he came in to speak with Nat Leonard, co-owner of the store.

17. Archived Article -

Five addresses
In Millington
Loan Amount: $7 million

Loan Date: July 25, 2007

Maturity Date: July 25, 2008

18. Archived Article -

5539 Elvis Presley Blvd.
Memphis, TN 38116
Sale Amount: $3.1 million

Sale Date: June 8, 2007

Buyer: ArciTerra DG Memphis TN LLC

19. State Tax LiensFiled Against Medshares -      More state tax liens have been filed against Medshares Nursing Services and its seemingly affiliated companies. Eight state tax liens have been filed against Medshares affiliates, according to The Daily News Online, www.

20. Memphis Self Storage GroupBuys Second Facility -      A local investment group focused on acquiring self-storage properties has bought its second facility, a Storage USA site at 4175 Winchester Road. Memphis Self Storage Group, working under the name Memphis Storage II LP,

21. State Tax Lien FiledAgainst Medshares -      A state tax lien has been filed against Medshares Nursing Services of Middle Tennessee, according to The Daily News Online, www.memphisdailynews.com.
     The notice of state tax lien filed

22. New Self-Storage PartnershipBuys Lamar Facility -      Memphis Self Storage Group LLC, a newly formed partnership headed by self-storage veteran Kenneth Cox, has made its first move with the purchase of a Lamar Avenue facility.
     The group, wo

23. Heavy-Hitters Join Wyatt, Tarrant & Combs LLP -

Two prominent attorneys have been named partners of the Memphis office of Wyatt, Tarrant & Combs LLP, the firm announced Wednesday.

Ellen Vergos and Lee Harkavy recently joined as partners, bringing the total number of attorneys in the East Memphis practice to 41.

24. Potential Home Run -

As a youth in Memphis in the 1950s and 1960s, Redbirds founder Dean Jernigan enjoyed watching baseball games at the former Russwood Park on Union Avenue.

The park, which seated about 17,000, was known for its covered grandstands, "hit it here" bulls eye sign and Memphis Steam Laundry water tower behind the center field wall.

25. Knox St. Clair Prepares for Move To Bigger Facility -

When Knox St. Clair Millwork Distributors Inc. in June received its payment-in-lieu-of-taxes, or PILOT, approval, one of the considerations that won big points with the Memphis Shelby County Industrial Development Board (IDB) was where the company planned to move.

26. Self-Storage Comes of Age -

For the longest time, it was perhaps the runt of the litter in the field of commercial real estate.

But the 120,000-square-foot, climate-controlled, state-of-the-art self-storage facility that H. Keith Russell is building in Horn Lake is a strong example that the entire self-storage industry has grown up.

27. A GRAVE SITUATION -

Sometime in mid-July, the Sons of Confederate Veterans will show up in Collierville to perform a traditional military ceremony, with friends and family members on hand to observe.

The main order of business will be to relocate the remains of Civil War veteran James M. Northcross from a family plot to a new site in Collierville's Magnolia Cemetery. All of the work will be carefully orchestrated by the Memphis-based urban archaeology firm Weaver and Associates, the same firm that excavated the FedExForum site in 2002.

28. Downtown High-Rise Up for Grabs Soon at Roebuck Auction -

A 96-year-old Downtown building that has housed everything from furniture to military recruitment offices will have a shot at revitalization starting at noon June 22.

That's when the 12-story, 134,124-square-foot Tenoke Building will be auctioned off at Roebuck Auction Center at 4932 Park Ave.

29. Jernigan Tapped AsU-Store-It CEO - Memphian Dean Jernigan has been tapped by Cleveland-based U-Store-It Trust to serve as president and CEO of the real estate investment trust focused primarily on self-storage facilities. Jernigan also will join U-Store-It's board of directors. Jernig

30. Self-Storage Industry Meets Growing Demand -

With more businesses and residents leaving the city for the rural charm of DeSoto and Fayette counties and the small-town feel of the suburbs, Brown Gill has noticed one big retail opportunity that has followed them.

31. Archived Article: Daily Digest - Gerland Creek Property

Gerland Creek Property

Financed for $1.9 Million

Whisper Ridge GP has financed 21.83 acres in the proposed eighth phase of the Gerland Creek Planned Development, located at the northwest corner of Shelby Drive and Hac...

32. Archived Article: Daily Digest - Property Near Whitney

Property Near Whitney

Financed for $1.9 Million

Cole RA Memphis TN LLC has financed 1.64 acres near Whitney Avenue and Thomas Street for $1.9 million, according to The Daily News Public Records Database, www.memphisdai...

33. Archived Article: Memos - John W. McConomy

John W. McConomy was appointed ResortQuest International Inc. senior vice president and general counsel. McConomy will join the company effective May 19 in Destin, Fla., the new location of its corporate office. McConomy will ove...

34. Archived Article: Market Briefs - The Memphis Chapter of the Institute of Management Accountants will have a

Les Passees will have its 16th annual Stock Exchange Sept. 13 through Oct. 31 from 10 a.m. to 4 p.m. daily, until 7 p.m. Thursdays and from 1 p.m. to 4 p.m. Sundays (close...

35. Archived Article: Real Review - Storage USA shareholders Storage USA shareholders to vote on buyout April 26 Storage USA Inc. shareholders are scheduled to vote April 26 on the company's proposed acquisition by Security Capital Group Inc. According to Storage USAs proxy filing wit...

36. Archived Article: Standout - City view Embracing Memphis By MARY DANDO The Daily News The future of Memphis is here and it looks a lot like Anne McGrew Conrad. Conrad is an attorney with Young and Perl. Specializing in public and private sector labor and employment law, Conrad ...

37. Archived Article: Focus Graphic - Publicly-traded Memphis-based REITs Publicly traded Memphis-based REITs Name Type Ticker symbol Market cap (As of 10-31-01) Storage USA* Self-storage SUS $1.09 billion Mid-America Apartment Communities Inc. Residential MAA $428.3 million Equity ...

38. Archived Article: Storage Usa P.2 - Security Capital to buy Storage USA

Security Capital to buy Storage USA

Storage USA Inc. has entered into a definitive purchase and sale agreement with Security Capital Group Inc. providing for a transaction in which all of the holders of Stor...

39. Archived Article: Storage Usa P.2 - Storage USA reports operating funds Storage USA reports operating funds Storage USA Inc. announced the results of its second quarter ended June 30. Funds from operations for the quarter were $25.9 million, or 94 cents per common share on a diluted b...

40. Archived Article: Storage Usa P.2 - Storage USA quarterly income up Storage USA operating funds up Storage USA, Inc. announced the results of its first quarter ended March 31. Funds from operations for the quarter were $22.3 million, or 82 cents per common share on a diluted basis. Fu...

41. Archived Article: Storage Usa P.2 - S&P lowers Storage USA outlook S&P lowers Storage USA outlook Standard & Poor's revised its outlook on Storage USA Inc. and SUSA Partnership LP to negative from stable. The outlook revision impacts roughly $600 million in existing senior...

42. Archived Article: Storage Usa P.2 - Storage USA marks higher 2000 results Storage USA marks higher 2000 results Storage USA Inc. announced the results of its fourth quarter and full year ended Dec. 31. Funds from operations for the quarter were $24.1 million compared to $23.8 million ...

43. Archived Article: Focus (reits) - REITs make a comeback in 2001 Real estate investment trusts make steady investments in 2001 By MARY DANDO The Daily News In the merry-go-round world of bears and bulls and stocks and bonds, glamour stocks involving biotechnology and dot-com companie...

44. Archived Article: Memos - James E James E. Bellis joined the National Weather Service in Memphis as warning coordinator meteorologist. He has a bachelor's degree from State University in New York and a master's from Pennsylvania State University. Dr. Bradley A. Boucher was c...

45. Archived Article: Market Briefs - Union Planters Corp Union Planters Corp. was named the third most small business-friendly bank holding company in the nation by the U.S. Small Business Administration. In the SBAs study of large banks, Union Planters ranked third, trailing BB&T ...

46. Archived Article: Marketplace (reits) - While stock markets continue roller coaster rides wild enough to send even the most confirmed investor into a selling frenzy, one investment strategy on the backburner since 1998 is beginning to post better numbers in 2000 REIT rebounding in 2000, u...

47. Archived Article: Marketbase (lead) - MarketBase 2000 to showcase North Mississippi business MarketBase 2000 showcases North Mississippi business By LAURIE JOHNSON The Daily News North Mississippi business and industry will be in the spotlight at DeSoto Countys fourth annual business ex...

48. Archived Article: Memos Lj - Memos Memos Dr. S. Terry Canale, Campbell Clinic chief of staff and orthopedic surgeon, has been named president of the American Academy of Orthopedic Surgeons. Prior to this appointment, Canale served the AAOS in a number of capacities, including s...

49. Archived Article: Real Focus (reits) - People just arent interested in REITs right now, said David Tannehill, Markets bullish year means bear for some Taking a backseat to techs glamour stocks, real estate investment trusts suffer in 1999 By LAURIE JOHNSON The Daily News Last year was a ...

50. Archived Article: Storage Usa - Storage USA rating reaffirmed following $400 million announcement Storage USA rating reaffirmed following $400 million announcement Duff & Phelps Credit Rating Co. has reaffirmed its senior unsecured debt and preferred stock ratings for Storage ...

51. Archived Article: Memos - Jernigan Elected to Board of Thomas & Betts Dean Jernigan was elected to the board of directors of Thomas & Betts Corp. Jernigan's term will run until May 3, 2000, when he will stand for election by the shareholders with the full board. Jern...

52. Archived Article: Market Briefs - Whitehall Jewellers Increases Store Thomas & Betts Corp. announced it has completed the sale of its broadband RF amplifier product line to Seattle-based ACI Communications Inc. Terms of the sale were not disclosed. Thomas & Betts does not ex...

53. Archived Article: Back Storage - Storage USA, Inc Storage USA, Budget complete alliance Storage USA Inc. announced it has closed its previously announced strategic alliance with Budget Group Inc. Pursuant to the strategic alliance affiliates of Storage USA Franchise Corp. and Budge...

54. Archived Article: Bott - Trammell Crow completes sale, lease of 371,500 sf of property Memphis City Schools, Global ink property deals By LAURIE JOHNSON The Daily News Trammell Crow Co. has completed the sale of one property and closed a deal for the lease of another, for a...

55. Archived Article: Law Focus - The Memphis legal community sponsors rummage   The Memphis legal community sponsors rummage sale to support breast cancer prevention and research By Jennifer Vollmert Harden of Baker, Donelson, Bearman & Caldwell What does it take for the l...

56. Archived Article: Ccc Bott - By LAURIE JOHNSON Downtown construction represents good year for CCC By LAURIE JOHNSON The Daily News Try to drive from Beale Street to the Convention Center, and youre likely to wind up fighting for space with bulldozers and construction crews. Whi...

57. Archived Article: Market Briefs - A fourth Fazolis restaurant will open in Memphis Thursday at 6466 Poplar Ave A fourth local Fazolis restaurant will open Thursday at 6466 Poplar Ave. The franchise owner is Shane Coughlin. Other Fazolis restaurants are located on Riverdale Road and ...

58. Archived Article: Calendar - May 25 May 25 The Association for Women in Communications will meet at 11:45 a.m. at the Community Foundation, 1900 Union Ave. The speaker will be Dean Jernigan, chairman of the board and chief executive officer of Storage USA and co-founder of the ...

59. Archived Article: Milestones - The Association for Women in Communications will meet at 11:45 a The Association for Women in Communications will meet at 11:45 a.m. Tuesday at the Community Foundation, 1900 Union Ave. The speaker will be Dean Jernigan, chairman of the board and ch...

60. Archived Article: Desoto (bott) - By LAURIE JOHNSON MarketBase 99 to showcase North Mississippi business By LAURIE JOHNSON The Daily News North Mississippi business and industry will be in the spotlight at DeSoto Countys third annual business exposition, an event organized by the So...

61. Archived Article: Memos - Gene Auerbach Named AutoZone's Gene Auerbach has joined AutoZone Inc. as senior vice president, store development. Auerbach previously was director of Asian operations for The Dairy Farm Co. and senior vice president, international, at PriceCostco. ...

62. Archived Article: Market Briefs - Six Companies On Fortune 500 List - (NEW YORK, New York) -- Six Tennessee based Response Oncology Inc. announced it has secured a national contract with Intracorp, a U.S. case management company, for high-dose chemotherapy. Under the terms of the co...

63. Archived Article: Market Briefs - Consolidated Graphics Completes Patterson Warehouses Inc. recently completed an 840,000-square foot-expansion at 5388 Airways Blvd. The firm operates more than 1.2 million square feet of public warehouse space. Orgill Inc. has signed a letter of int...

64. Archived Article: Market Briefs - The Bank of New York to Purchase Budget Group Inc., which owns Budget Rent a Car Corp. and Ryder TRS Inc., announced it has agreed in principle to create a strategic alliance with Storage USA Inc. and Storage USA Franchise Corp., an affiliate of Sto...

65. Archived Article: Gov't (drb) - DRB considers plan Parking deck planned near AutoZone Park By KATHLEEN BURT The Daily News A plan to build a multi-level parking deck near the site of the proposed AutoZone Park will be considered by the Design Review Board at its meeting at 4:30 p....

66. Archived Article: Storage Usa Ffo - Storage USA Reports Year-End Storage USA reports FFO increase of 8 percent Storage USA Inc. reported funds from operations for the year were almost $85.66 million or $3.08 per common share on a diluted basis, an increase of 8 percent on a per-share ...

67. Archived Article: Market Briefs - Storage USA Reports Year-End Northwest Airlink will move its scheduled airline operations from Drake Field to the Northwest Arkansas Regional Airport effective March 15. The airline will continue to operate six daily flights to Memphis and will main...

68. Archived Article: Real Briefs - Mid-America <MAA Parkway Properties Inc. has purchased one office building and initiated a historic renovation of another office building in Downtown. Parkway bought the Falls Building, which has 11 stories and 150,000 net rentable square feet, f...

69. Archived Article: Gov't (ccdc) - Two development loans that will assist with complete renovations of two Downtown buildings were approved by the Center City Development Corp Loans will help renovate two Downtown buildings By KATHLEEN BURT The Daily News Two development loans that w...

70. Archived Article: R'birds (bott) - Approval was given by the Center City Revenue Finance Corp $75 million bond issue will spark park construction By KATHLEEN BURT The Daily News The issuance of $75 million in bonds to finance construction of AutoZone Park has been approved by the Cen...

71. Archived Article: Bpw (bott) - By SUZANNE THOMPSON Business and Professional Women to sponsor Expo Saturday By SUZANNE THOMPSON The Daily News The second annual Women in Business Expo will be Saturday in the lobby of the Clark Tower from 9 a.m. to 4 p.m. While Memphis has five lo...

72. Archived Article: Market Briefs - Union Planters Bank announced it has opened a new, full-service Thomas & Betts Corp. reported a third quarter net loss after a $108.5 million pre-tax charge for closing facilities and restructuring. The company reported net earnings, excluding t...

73. Archived Article: Market Briefs - Storage USA Declares Regular TBC Corp., a tire distributor for the automotive replacement market, announced the buyback of an additional 2 million shares of outstanding common stock. The buyback, totaling 9.4 percent of the companys 21.4 million sha...

74. Archived Article: Memos - Storage USA names official Ian McFadden has been named chief operating officer for The Regional Medical Center. He formerly was vice president of hospital services for West Tennessee Healthcare Inc. He has masters degrees from the University of Memp...

75. Archived Article: Storage Usa - Storage USA Reports Second Quarter Results Funds From Operations Increase 8 Storage USA reports FFO increases 8.5 percent Storage USA Inc. announced funds from operations for the second quarter ended June 30 were $21.47 million or 77 cents per dilut...

76. Archived Article: Market Briefs - Union Planters sets stock buyback National Commerce Bancorp. announced net income for the second quarter was $20.48 million, a 27.1 percent increase over the $16.11 million reported for the same period in 1997. Diluted earnings per share were 20 cen...

77. Archived Article: Back-storage - Storage USA Reports Year-End Results - Funds From Operations (FFO) Increase 10 Storage USA reports FFO up 10.3 percent Storage USA Inc. reported funds from operations for the year ended Dec. 31 were $77.33 million or $2.89 per common share, an incre...

78. Archived Article: Storage Chg - Old ice skating rink Old ice skating rink to become Storage USA By CAMILLE H. GAMBLE The Daily News Construction has started on a Storage USA mini-storage warehouse at 4961 Covington Way. Pete Williams, a Storage USA franchisee, is in a joint ventur...

79. Archived Article: Lotta-storage Lj - By LAURIE JOHNSON Self-storage facility to expand in Collierville By LAURIE JOHNSON The Daily News Construction now is underway on the final phase of the Lott-A-Storage self-storage facility at 651 S. Rowlette in Collierville. David Lott, owner of L...

80. Archived Article: Graph - 3292 Austin Peay Highway Commercial Construction A building permit has been issued for interior alterations to 3292 Austin Peay Highway for Stream International. Other commercial building projects underway, according to permits issued by the Shelby ...

81. Archived Article: G&g Mini Storage Lj - By LAURIE JOHNSON New mini-storage to open at Kirby and Winchester Area growing into popular hub for development By LAURIE JOHNSON The Daily News Construction is almost complete on a self-storage facility that will provide more than 62,000 square fe...

82. Archived Article: Mini-storage Lj - lj 10/5 cates Downtown apartments get new life as storage facility By LAURIE JOHNSON The Daily News A derelict Downtown apartment complex is undergoing a transformation into something that could be a benefit to residents and businesses in the area: ...