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Editorial Results (free)

1. Expanding East -

Tamp & Tap, the name of the popular Downtown coffee shop and restaurant, is an allusion to both espresso – which is tamped for compression before going into the machine – and also kegs of beer, which are tapped.

2. November Mortgage Volume Drops 14 Percent -

Looking at results from last month might suggest mortgage industry professionals are in the midst of a yearend slowdown, with phones not ringing quite as much as a result of interested buyers at the moment.

3. Milhaus Acquires Highland Row Property -

44 S. Highland St.; 366, 374 and 380 Ellsworth St.
Memphis, TN 38111
Sale Amount: $4.3 million

4. Greater Imani Buys Broadmoor Property -

Greater Imani Baptist Church has purchased property from Broadmoor Baptist Church for $1.6 million.

Greater Imani acquired the Broadmoor property at 3824 Austin Peay Highway, according to a Nov. 3 warranty deed. Greater Imani filed a $2 million loan with Citizens Savings Bank and Trust Co. in conjunction with the purchase, according to a deed of trust filed the same day. William A. Adkins Jr., board president for Greater Imani, signed the deed of trust.

5. Greater Imani Church Buys Broadmoor Property -

Greater Imani Baptist Church has purchased property from Broadmoor Baptist Church for $1.6 million.

Greater Imani acquired the Broadmoor property at 3824 Austin Peay Highway, according to a Nov. 3 warranty deed. Greater Imani filed a $2 million loan with Citizens Savings Bank and Trust Co. in conjunction with the purchase, according to a deed of trust filed the same day. William A. Adkins Jr., board president for Greater Imani, signed the deed of trust.

6. Lynnfield Place Apartments Sell for $22.4 Million -

1400 Lynnfield Road
Memphis, TN 38119
Sale Amount: $22.4 million

Sale Date: Nov. 7, 2014
Buyer: Lynnfield Apartments LLC
Seller: Lynnfield Holdings LLC
Loan Amount: $20 million
Loan Date: Nov. 3, 2014
Borrower: Lynnfield Apartments LLC
Lender: Arbor Commercial Funding LLC
Details: The Lynnfield Place apartment community in East Memphis has sold for $22.4 million.

7. Collierville Daycares Sell for $4.4 Million -

Two Collierville daycare centers have sold for a combined $4.4 million.

SDK Properties LLC sold the center at 105 Crescent Drive to Store Master Funding VII LLC for $2.5 million and the center at 1649 S. Shea Road to the same entity for $1.8 million, according to warranty deeds filed Nov. 14. The buyer, Store Master Funding VII LLC, is an affiliate of Scottsdale, Ariz.-based real estate investment trust STORE Capital. The centers operate as Kid Tech #1 and Kid Tech #2.

8. Collierville Daycares Sell for $4.4 Million -

Two Collierville daycare centers have sold for a combined $4.4 million.

SDK Properties LLC sold the center at 105 Crescent Drive to Store Master Funding VII LLC for $2.5 million and the center at 1649 S. Shea Road to the same entity for $1.8 million, according to warranty deeds filed Nov. 14. The buyer, Store Master Funding VII LLC, is an affiliate of Scottsdale, Ariz.-based real estate investment trust STORE Capital. The centers operate as Kid Tech #1 and Kid Tech #2.

9. Shelby County Mortgage Volume Up 2 Percent -

When Patriot Bank executive vice president Keith Barger surveys the local mortgage lending landscape, he sees demand improving and homebuyers increasingly flocking – successfully – to bargains in the housing market.

10. Commercial Sales Rise in Third Quarter -

Commercial sales were up in the third quarter when compared to the same period last year, according to real estate information company Chandler Reports, www.chandlerreports.com.

11. Sears Secures $7.3 Million Loan on East Memphis Store -

The parent company of Sears has taken out a $7.3 million loan on the store at 4570 Poplar Ave. in East Memphis, part of a broader effort to pump hundreds of millions into the struggling retailer.

12. Trustmark Sees Third-Quarter Net Income Gain -

Trustmark Corp.’s just-ended third quarter saw the bank grow its net income slightly.

The bank reported $33.6 million of net income, up 2 percent from the prior quarter and third quarter of 2013. During the first nine months of 2014, Trustmark’s net income totaled $95.5 million, up 6 percent from the prior year.

13. Trustmark Sees Third-Quarter Net Income Gain -

Trustmark Corp.’s just-ended third quarter saw the bank grow its net income slightly.

The bank reported $33.6 million of net income, up 2 percent from the prior quarter and third quarter of 2013. During the first nine months of 2014, Trustmark’s net income totaled $95.5 million, up 6 percent from the prior year.

14. CWCapital Sheds Willow Lake Buildings -

3900, 4100 Willow Lake Blvd.
Memphis, TN 38118
Sale Amount: $1.9 million

15. Sears Secures $7.3 Million Loan on East Memphis Store -

The parent company of Sears has taken out a $7.3 million loan on the store at 4570 Poplar Ave. in East Memphis, part of a broader effort to pump hundreds of millions into the struggling retailer.

16. I Choose Memphis: Edward C-W Harper IV -

“I Choose Memphis” spotlights Memphians who are passionate about calling this community home. New Memphis Institute provides the profiles.

Name: Edward C-W Harper IV

17. Alexander vs. Ball -

Lamar Alexander and Gordon Ball were on the same campaign trail but different races at about this time 36 years ago.

18. Recruiter’s Career Twist -

Ask Janet Miller about her remarkable career at the Nashville Area Chamber of Commerce and she’ll likely attribute it to good timing or pass credit onto others.

19. Acura of Memphis Owner Buys Dealership, Land -

2611 Ridgeway Road, 6055-6085 Acura Cove
Memphis, TN 38119
Sale Amount: $12.4 million

20. The Horizon Sells to Mississippi Developer for $13.5 Million -

A Mississippi-based developer has acquired the uncompleted Horizon condominium tower overlooking the Mississippi River in Downtown.

Dawn Properties Inc. of Hattiesburg, which is primarily involved in the acquisition, development and management of multifamily properties, has purchased the 16-story, 155-unit tower for $13.5 million and plans on completing the luxury condominiums.

21. McNeill Seeks Permits for Germantown Medical Offices -

1432 Kimbrough Road and 1468 Kimbrough Road
Germantown, TN 38138
Project Cost: $2.6 million

22. Financial Elements of the Innovation Process -

Innovation is a saturated field, but one with a hole in it. Many companies can generate thousands of potentially valuable ideas, but have no accepted cultural method for placing a value on them.

Many of these same companies can do Wicked Thinking, block out Business Model Canvases, and follow a Design Thinking Sprint, but they lack credible and concrete thinking about the financial side of their innovation concepts as the front-end process is progressing.

23. Stonebridge Crossing Sells for $29.8 Million -

9135 Morning Ridge Road
Memphis, TN 38016
Sale Amount: $29.8 million

Sale Date: Sept. 11, 2014
Buyer: IRT Stonebridge Crossing Apartments Owner LLC
Seller: AB Merion Stonebridge LLC
Details: The 500-unit Stonebridge Crossing apartment complex in Cordova has traded hands.

24. Cummins Eyes Memphis Site for Expansion -

Cummins Inc. is eyeing a Memphis property for a planned expansion of the company’s distribution operations, a move that would be welcome news for Memphis officials.

25. ‘Cutting Edge’ -

The first thing to understand about the task that Opera Memphis general director Ned Canty feels is before him is that he’s not leading a music organization that competes only with other music outlets and venues for audiences’ attention.

26. Pain Treatment Center to Open Second Locale -

Comprehensive Pain Specialists, a national player in the field of medical pain treatment centers from Nashville, has signed a lease for 4,713 square feet in Healthcare Realty Trust’s building at 8000 Wolf River Blvd.

27. Shelby County Mortgage Market Down 19 Percent in August -

BankTennessee president and CEO Jim Rout sees new home sales and resales “fairly steady” at the moment.

But, in a common refrain among many local bankers looking at their recent numbers, the activity is not at the level that might be expected, considering still-historic low interest rates.

28. Indmar Marine Engines Files Expansion Permit -

5400 Old Millington Road
Unincorporated Shelby County
Permit Cost: $2 million

29. Hot Yoga Plus Expands in Memphis -

Hot Yoga Plus, a Nashville-based yoga concept, is opening a second Memphis area location.

Hot Yoga Plus, founded by Memphian Susannah Herring, has signed a 2,015-square-foot lease at 9037 Poplar Ave. in Germantown. The new store is expected to open this fall and follows the original Memphis location in Laurelwood.

30. Hot Yoga Plus Expands in Memphis -

Hot Yoga Plus, a Nashville-based Yoga concept, is opening a second Memphis area location.

Hot Yoga Plus, founded by Memphian Susannah Herring, has signed a 2,015-square-foot lease at 9037 Poplar Ave. in Germantown. The new store is expected to open this fall and follows the original Memphis location in Laurelwood.

31. Owner Quitclaims Grove Park Center -

Grove Park Center, the 94,200-square-foot office building at 4515 Poplar Ave. in East Memphis, has traded hands via quitclaim deed.

32. Macon Homes Complex Sells for $800,000 -

500 N. Claybrook St.
Memphis, TN 38104
Sale Amount: $800,000

Sale Date: Aug. 20, 2014
Buyer: Crosstown Macon Homes LLC
Seller: Macon Homes
Details: The 24-unit Macon Homes section 8 apartment complex at 500 N. Claybrook St. in Midtown has sold for $800,000.

33. Fullilove Calls Off Sales Tax Hike Try, Unions May Try -

Memphis City Council member Janis Fullilove pulled the plug Tuesday, Aug. 19, on a proposed November referendum on a citywide half cent sales tax hike.

34. Edison Apartments Owner Files $2.5 Million Loan -

The owner of the Edison Apartments along Jefferson Avenue has filed a $2.5 million trust deed for the Downtown property.

Edison Park LP filed the deed of trust, assignment of rents and security agreement July 30 through American Fidelity Assurance Co. Neil E. Ringel signed the trust deed as president of Jan Realty Inc., general partner of Edison Park LP.

35. Carlisle Corp. Buys Sharky’s Property -

6201 Poplar Ave.
Memphis, TN 38119
Sale Amount: $2.9 million

Sale Date: July 29, 2014
Buyer: Wendelta Property Holdings LLC
Seller: Aaron Muschel
Details: An affiliate of Carlisle Corp. has paid $2.9 million for the recently closed Sharky’s Gulf Grill at 6201 Poplar Ave.

36. Holiday Inn Express Owner Files Loan -

The owner of the 72-room Holiday Inn Express & Suites at 7784 Wolf Trail Cove in Germantown has filed a $7 million loan on the property.

37. D. Canale Affiliate Buys Property for Distillery -

301 S. Front St.
Memphis, TN 38103
Sale Amount: $785,000

Sale Date: July 10, 2014
Buyer: Dominick Properties LLC
Seller: 301 South Front Street GP

38. Simmons First National Moves Into Tennessee -

A similar history, a foundation in agriculture lending and growth potential attracted Arkansas-based Simmons First National Corp. to buy Community First Bancshares Inc. of Union City, Tenn., and its $1.9 billion subsidiary First State Bank, says Simmons’ Chairman and CEO George A. Makris.

39. Trustmark Grows Income in Second Quarter -

Trustmark Corp. has reported net income of $32.9 million for the second quarter.

That represents earnings per share of 49 cents, up 14 percent from the prior quarter and 6.5 percent from the same period last year. Trustmark president and CEO Gerard R. Host said the solid results included a 7.5 percent increase in total revenue and represented the fifth straight quarter of growth in the company’s legacy loan portfolio.

40. Contractors See Bright Days Ahead -

After slogging their way through the deepest economic slump in more than 60 years, Memphis area contractors say the near future looks much brighter than the dark days of the recession and its immediate aftermath.

41. Grizzlies Promote Wexler to Business Operations President -

The Memphis Grizzlies have promoted Jason Wexler to president of business operations of the team and FedExForum.

The new position gives Wexler primary leadership responsibility for all aspects of the business, including ticket sales and service, arena operations, corporate partnerships, marketing communications and broadcast, community investment and general operations.

42. Trustmark Grows Income in Second Quarter -

Trustmark Corp. has reported net income of $32.9 million for the second quarter.

That represents earnings per share of 49 cents, up 14 percent from the prior quarter and 6.5 percent from the same period last year. Trustmark president and CEO Gerard R. Host said the solid results included a 7.5 percent increase in total revenue and represented the fifth straight quarter of growth in the company’s legacy loan portfolio.

43. Asics America to Expand Byhalia Footprint -

Asics is expanding its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park area by 342,144 square feet.

The expansion comes on the heels of a 513,000-square-foot build-to-suit completed in 2010, and now will consolidate the footwear distribution center with the apparel distribution center, which was previously located in Southaven. Asics hopes to improve its overall efficiency by combining the two components under one roof, which will total 855,144 square feet.

44. From Despair to Belief -

A July weekday afternoon, about 2:45. It’s the perfect time for just about anyone to be nodding off in class.

But in the basement of Midtown Church of Christ, where HopeWorks Inc. is housed, class is in session and a dozen men and their teacher are having a lively discussion.

45. Green Mountain Consulting Finds Home Along Poplar -

Logistics vendor Green Mountain Consulting wasn’t necessarily looking to buy an office building when it began its search for more office space for expansion.

“We’re not getting into the commercial real estate business because we wanted to be in it; we got into it because we have a company to operate and needed the space,” said Jim Jacobs, one of Green Mountain’s co-founders.

46. Locally Grown Foods Look to Bigger Business -

PHILADELPHIA (AP) – Once a niche business, locally grown foods aren't just for farmers markets anymore.

A growing network of companies and organizations is delivering food directly from local farms to major institutions like Thomas Jefferson University Hospital in downtown Philadelphia, eliminating scores of middlemen from farm to fork. Along the way, they're increasing profits and recognition for smaller farms and bringing consumers healthier, fresher foods.

47. Asics America to Expand Byhalia Footprint -

Asics is expanding its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park area by 342,144 square feet.

The expansion comes on the heels of a 513,000-square-foot build-to-suit completed in 2010, and now will consolidate the footwear distribution center with the apparel distribution center, which was previously located in Southaven. Asics hopes to improve its overall efficiency by combining the two components under one roof, which will total 855,144 square feet.

48. Shelby County Mortgage Market Sees Modest Gain -

Shelby County mortgage lenders share a few common trends at the moment, as the area’s mortgage market begins to shake off the wintry chill of the first quarter.

Many of them report robust purchase mortgage activity, as refinances plummet to small fractions of their business. As a result of the demand, many of those lenders also have been adding mortgage officers to their ranks and plan to continue doing so.

49. Asics America Expanding in Byhalia -

Asics America Corp. is expanding its footprint in Byhalia, Miss.

The company is adding 342,144 square feet to its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park.

50. Addison at Collierville Owner Files $17 Million Loan -

400 Orchard Circle
Collierville, TN 38017
Loan Amount: $16.8 million

Loan Date: July 1, 2014
Maturity Date: July 1, 2021
Borrower: G&I VII Addison at Collierville LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 226-unit Addison at Collierville apartments at 400 Orchard Circle W. has filed a $16.8 million loan on the property.

51. Cypress Realty Files $7 Million Construction Loan -

Cypress Realty Holdings Co. has filed a $7 million construction loan for a medical office building on Wolf River Boulevard in Germantown.

52. New Nonprofit Charts Role in Blight Fight -

The bulldozer went straight for the leasing office of the former Spanish Oaks apartments on Cazassa Road near Memphis International Airport.

Meanwhile another bulldozer across the two-lane road was deep into demolishing a set of buildings in the old Winchester Park apartments.

53. Legacy Farm Owner Files $29.8 Million Loan -

1120 Winchester Road
Collierville, TN 38017
Loan Amount: $29.8 million

Loan Date: June 18, 2014
Maturity Date: July 1, 2021
Borrower: Legacy Farm LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 368-unit Legacy Farm apartment complex at 1120 Winchester Road in Collierville has filed a $29.8 million loan on the property.

54. Legacy Farm Owner Files $29.8 Million Loan -

The owner of the 368-unit Legacy Farm apartment complex at 1120 Winchester Road in Collierville has filed a $29.8 million loan on the property.

55. Westbrook Crossing Owner Files $22 Million Loan -

The owner of the Westbrook Crossing apartments at 525 Shea Road in Collierville has filed a $22 million loan on the property.

56. Aren Investments Buys Winchester Haverty’s -

6870 Winchester Road
Memphis, TN 38115
Sale Amount: $1.1 million

Sale Date: June 2, 2014
Buyer: Aren Investments LLC
Seller: Kirsch Associates LP
Loan Amount: $850,000
Loan Date: June 2, 2014
Maturity Date: Nov. 15, 2015
Lender: BancorpSouth Bank
Details: Local real estate investment firm Aren Investments LLC has paid $1.1 million for the Haverty’s furniture store at 6870 Winchester Road in Hickory Hill.

57. EDGE Mulls Tax Break for Plastics Recycling Co. -

A company that recycles and manufactures post-industrial plastics is considering relocating from Arkansas to Memphis.

RE-CY, or RE-CY Plastics, is considering acquiring a facility on Winchester Road to recycle and manufacture plastics, which are then used for automotive parts, decking and IKEA furniture.

58. Lehman-Roberts’ Longevity Paved by Family Ownership -

Lehman-Roberts Co. is a highway paving contractor that president Patrick Nelson regards with the kind of pride that might at first seem out of place for work that involves asphalt and roadwork.

59. Shops of Wolflake Sells for $3.8 Million -

2965 N. Germantown Road
Bartlett, TN 38133
Sale Amount: $3.8 million

Sale Date: May 20, 2014
Buyer: Bartlett Interests LLC
Seller: Pref Wolflake Partners GP
Details: The Shops of Wolflake retail strip center at 2965 N. Germantown Road in Bartlett has sold for $3.8 million.

60. Collierville Napa Store Sells for $1.1 Million -

A Fogelman Investment Co. executive has paid $1.1 million for the 7,750-square-foot Napa Auto Parts store at 270 W. U.S. 72 in Collierville.

61. New Path -

A lot has changed for Memphis-based TruGreen lawn care in the last six months.

The company behind one of the best known brands in lawn care became its own independent company at the start of 2014, spinning off from The ServiceMaster Co. in a move that meant changes for both companies.

62. Commercial Bank Given Industry Distinction -

Community bank risk management firm Seifried & Brew LLC has named Commercial Bank & Trust Co. in its 2013 top 15th percentile of community banks.

63. Shelby Farms Files $25 Million Permit for Lake Expansion -

500 Pine Lake
Memphis, TN 38134
Permit Cost: $25 million

Project Cost: $52 million
Permit Date: Applied May 2014
Completion: June 2016
Owner: Shelby Farms Park Conservancy
Tenant: Shelby Farms Park Conservancy
Architect: james corner field operations
Contractor: Montgomery Martin Contractors LLC
Details: The Shelby Farms Park Conservancy has filed a $25 million permit with the city-county Office of Construction Code Enforcement to expand Patriot Lake.

64. Fieldstone Apartments Pays $1.8 Million for Land -

Fieldstone Apartments III LLC – an affiliate of Michael Lightman Realty Co. – has paid $1.8 million for land near its Southeast Memphis property.

65. Von Drehle Files Loan on Hickory Hill Facility -

Towel and tissue producer von Drehle Corp. has filed a $2.2 million loan on its industrial facility at 4826 Hickory Hill Road.

66. Warehouse Owner Files $1.1 Million Loan on Property -

The owner of the 117,300-square-foot warehouse at 4242 B.F. Goodrich Blvd. in Oakhaven has filed a $1.1 million loan on the property.

Riveredge Co. Inc., which lists a Bartlett address, filed the deed of trust April 16 through Peoples Bank of Clifton, Tenn.

67. Ridge Lake Building Sold After Foreclosure -

756 Ridge Lake Blvd.
Memphis, TN 38120
Sale Amount: $2.9 million

Sale Date: May 8, 2014
Buyer: Life Insurance Co. of the Southwest
Seller: Brooks R. Smith, successor trustee
Details: The 38,472-square-foot Ridge Lake Office Building at 756 Ridge Lake Blvd. in East Memphis has sold back to the lender for $2.9 million following a foreclosure.

68. Commercial Bank & Trust Wins Industry Distinction -

Community bank risk management firm Seifried & Brew LLC has named Commercial Bank & Trust Co. in its 2013 top 15th percentile of community banks.

69. Ridge Lake Building Sold After Foreclosure -

The 38,472-square-foot Ridge Lake Office Building at 756 Ridge Lake Blvd. in East Memphis has sold back to the lender for $2.9 million following a foreclosure.

70. Morris Promoted at Commercial Bank -

Greg Morris has been promoted to assistant vice president at Commercial Bank and Trust Co.

71. Morris Promoted at Commercial Bank and Trust -

Greg Morris has been promoted to assistant vice president at Commercial Bank and Trust Co.

72. Hedgemoor Square Sells for $3.6 Million -

375 N. Graham St.
Memphis, TN 38117
Sale Amount: $3.6 million

Sale Date: April 30, 2014
Buyer: Summit Hedgemoor Square Apartments LLC
Seller: Hedgemoor Square Apartments GP
Loan Amount: $2.7 million
Loan Date: April 30, 2014
Maturity Date: N/A
Lender: Pulaski Bank

73. Lamar Avenue Citgo Sells for $975,000 -

The Citgo gas station and convenience store at 4941 Lamar Ave., at the corner of Lamar and East Shelby Drive, has sold for $975,000.

74. Eastgate Set for Possible Makeover -

A venerable shopping center in East Memphis could be getting a significant makeover, according to a recent retail market report from CB Richard Ellis Memphis.

Eastgate Center LLC, the owner of Eastgate Shopping Center at Park Avenue and White Station Road in East Memphis, could make significant aesthetic improvements to the retail center beginning this year.

75. Developer Buys Land for Germantown Whole Foods -

Cypress Realty Holdings Co. has paid close to $2.3 million for five Germantown residential parcels where it will build the area’s second Whole Foods.

76. Trustmark Corp. Reports Strong Q1 -

Trustmark Corp. had a strong start to 2014.

The parent company of Trustmark Bank reported net income of $29 million in the first quarter, up 13.2 percent compared to one year earlier. Trustmark president and CEO Gerard Host said the quarter’s results, coupled with its profitability and strong capital base, mark a positive start to its 125th year in business.

77. Trustmark Corp. Reports Strong First Quarter -

Trustmark Corp. had a strong start to 2014.

The parent company of Trustmark Bank reported net income of $29 million in the first quarter, up 13.2 percent compared to one year earlier. Trustmark president and CEO Gerard Host said the quarter’s results, coupled with its profitability and strong capital base, mark a positive start to its 125th year in business.

78. Affordable Care Act Only Chips Away at a Core Goal -

SACRAMENTO, Calif. (AP) – Swan Lockett had high hopes that President Barack Obama's health overhaul would lead her family to an affordable insurance plan, but that hasn't happened.

Instead, the 46-year-old mother of four from Texas uses home remedies or pays $75 to see a doctor when she has an asthma attack.

79. Ridge Lake Office Building Owners Face Foreclosure -

The owners of the 38,472-square-foot Ridge Lake Office Building at 756 Ridge Lake Blvd. in East Memphis are in default, according to a first-run foreclosure notice in the Tuesday, April 15, edition of The Daily News.

80. 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.

81. Diversified Trust Makes Promotions in Memphis -

Memphis-based Diversified Trust, a comprehensive wealth management firm with more than $5 billion in assets, has promoted seven professionals in its Memphis office.

Robin Smithwick, managing principal of Diversified’s Memphis office, attributed the move to the company’s next generation of leaders becoming more visible and taking on greater responsibility around the firm, which also is celebrating its 20th anniversary this year.

82. Market Mystery -

Over the last several years, investors ranging from mom-and-pop shops to large hedge funds have been acquiring single-family homes in Memphis at a historic pace.

But determining the long-term impact that investor purchases have made on neighborhoods remains elusive.

83. Methodist University Hospital Names Liebman New CEO -

Jeff Liebman has joined Methodist University Hospital as chief executive officer. In his new role, Liebman said, he will ensure the hospital continues to be a community resource providing the highest possible quality of care to the community while following the guidelines of the Methodist LeBonheur mission.

84. Industrial Portfolio Sells for $43 Million -

4550 Swinnea Road6005 Freeport Ave., 3399 E. Raines Road
Memphis, TN
Sale Amounts: $10.1 million; $14.8 million; $18 million

85. Old Venice Pizza Owner Files Loan on Property -

The owner of the Old Venice Pizza Co. at 368 Perkins Road Extended in East Memphis has filed a $1.1 million loan on the property.

86. Georgian Woods Apartments Sell for $3.9 Million -

118 St. Agnes Drive
Memphis, TN 38112

Sale Amount: $3.9 million

Sale Date: March 14, 2014

Buyer: Georgian Woods Property Owner LLC

87. Richmond Honan Buys Quince Centre for $10 Million -

6555 Quince Road
Memphis, TN 38119
Sale Amount: $10.4 million
Sale Date: March 7, 2014

88. Shelby County Mortgages Jump 12 Percent in February -

The latest monthly totals for Shelby County’s mortgage market show homebuying improved somewhat last month, with total mortgage volume up 12 percent compared to February 2013, according to real estate information company Chandler Reports,www.chandlerreports.com.

89. Global Ministries Pays $12 Million for Serenity Towers -

An affiliate of Cordova-based Global Ministries Fellowship has paid $12 million for the Serenity Towers retirement center at 400 S. Highland St.

90. Galvanizing Company Files Permit for Facility -

3328 Fite Road
Millington, TN 38053
Permit Cost: $1.9 million

Project Cost: N/A
Permit Date: Applied March 2014
Completion: N/A
Owner: 3328 Fite LLC
Tenant: 3328 Fite LLC
Architect: N/A
Contractor: N/A
Details: An affiliate of Columbus, Ohio-based “hot dip galvanizing” company Voigt & Schweitzer LLC plans to construct a 63,120-square-foot facility near Millington.

91. Kroger: Storm Response Helped Boost Sales -

NEW YORK (AP) – Kroger said its ability to keep its supermarkets open and well-stocked as customers rushed to hoard groceries ahead of winter storms helped boost its results in the fourth quarter.

92. Lakecrest II Sells for $4.6 Million -

The Lakecrest II office building in East Memphis has changed hands again.

Southland Primacy LLC acquired the 129,104-square-foot office building at 6055 Primacy Parkway from Jefferson-Pilot Investments Inc. Feb. 28 for $4.6 million.

93. Midtown Apartment Building Sells for $840,000 -

199 S. McLean Blvd.
Memphis, TN 38104
Sale Amount: $840,000

Sale Date: Feb. 21, 2014
Buyer: Zaki Holdings LLC
Seller: Colonial House LP
Loan Amount: $140,000
Loan Date: Feb. 21, 2014
Maturity Date: Sept. 1, 2015
Lender: Colonial House LP
Details: The 20-unit multifamily building at 199 S. McLean Blvd. in Midtown has sold for $840,000.

94. Two Hotels Sold in Lieu of Foreclosure -

The former Value Place extended stay hotels at 3913 Lamar Ave. and 1218 Winchester Road have sold for a combined $2.9 million via deeds in lieu of foreclosure.

95. Polo Shops Sells for $3.1 Million After Foreclosure -

7444 Winchester Road7464 Winchester Road
Memphis, TN 38125
Sale Amount: $3.1 million

96. Shockey ‘Ideal Fit’ as Chamber Chair -

Leigh Shockey had gone to Memphis International Airport in her role as an executive for the family business – Drexel Chemical Co.

97. Sector Capital Management Independent Again -

Three years after its acquisition by Argent Financial Group, Memphis-based Sector Capital Management is an independent company again.

Sector CEO Reed Walters led the negotiations to buy back the wealth management firm in the wake of Louisiana-based Argent going on something of an acquisition spree in recent years. Sector also has relocated from Argent’s office at The Crescent Center to the Atrium I building at 6800 Poplar Ave.

98. Owners File $1.6 Million Loan on Circle K Store -

The three limited liability companies that own the Circle K convenience store at 4789 E. Shelby Drive in Southeast Shelby County have filed a $1.6 million loan on the property.

99. Orpheum Files Permit For Performing Arts Center -

225 S. Main St.
Memphis, TN 38103

Permit Cost: $10.2 million

Project Cost: $14.5 million

100. Industrial Portfolio Sells for $17 Million -

An affiliate of Boston-based Taurus Investment Holdings LLC has paid close to $17 million for a 650,000-square-foot industrial portfolio on South Mendenhall Road in Hickory Hill.