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Editorial Results (free)

1. Health Care Safety Net Tops Council Agenda -

Memphis City Council members get more information during the Tuesday, Aug. 5, council day on different parts of City Hall’s ongoing health benefits and pension liability discussions.

But the only item on the agenda for a vote Tuesday is a resolution to create a $2 million “safety net” that was delayed last month.

2. Pleasant View Apartment Complex Sells for $3 Million -

The 259-unit Pleasant View apartment complex at 3085 Steele St. and 3158 Steele St. in Frayser has sold for slightly less than $3 million.

3. Nursing Homes Sell For $30 Million -

200 South Parkway W.
Memphis, TN 38109

Sale Amount: $15.9 million

Sale Date: Jan. 10, 2012

4. Pleasant View Apts. Sells in Foreclosure -

Memphis-based WI Memphis LLC has bought the 259-unit Pleasant View apartment complex in Frayser for $1.7 million at a trustee’s foreclosure sale. The seller was Mark Turner, trustee, on behalf of The Maclellan Foundation Inc.

5. Notice Filed on Exchange Building -

A first-run foreclosure notice has been filed against the Exchange Building in Downtown Memphis. The notice appears in the Thursday, June 30, print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

6. Virtus Real Estate Buys Self-Storage Facilities -

6714 Winchester Pointe Cove and
314 S. Mt. Pleasant Road
Sale Amount: $2 million; $1.5 million

7. Exchange Building Sells for $2.4 Million -

The Exchange Building at 130 Madison Ave. has sold for $2.4 million to an Evanston, Ill.-based limited liability company, UIGTN III LLC.

8. Carlisle Corp. Files Building Permit For Downtown Corporate Headquarters -

263 Wagner Place
Memphis, TN 38103
Permit Amount: $1.5 Million

Project Cost: $2.7 million
Permit Date: Applied April 2010
Completion: TBA
Owner: Carlisle Corp.
Tenant: Carlisle Corp.
Contractor: N/A
Architect: N/A

9. Chattanooga Investors Buy Third Memphis Property -

An out-of-town investment company has bought its third Memphis apartment complex in less than a year, bringing its total to 590 units.

Chattanooga-based UIGTN II LLC, a trio of partners whose name derives from the title of its management arm, Urban Investments Group LLC, paid close to $1 million on April 15 for the 172-unit Woodbriar Apartments at 4505 Wooddale Ave. in Oakhaven.

10. Woodbriar Sells to Chattanooga Investor -

The 172-unit Woodbriar Apartments at 4505 Wooddale Ave. in Oakhaven sold last week for $946,000 to a Chattanooga-based company called UIGTN LLC.

11. Airport Authority Files Permit For Parking Garage, Rental Car Facility -

2491 Winchester Road
Memphis, TN 38116
Permit Amount: $135 Million

Project Cost: $150 million
Permit Date: Applied October 2009
Completion: TBA
Owner: Memphis-Shelby County Airport Authority
Tenant: Memphis International Airport
Contractor: TBA
Architect: Walker Parking Consultants

12. Overlook Apartments Sell for $1.5 Million -

The 252-unit Overlook Apartments complex at 3085 and 3158 Steele St. in Frayser sold Oct. 1 for a combined $1.5 million to a Chattanooga-based company called UIGTN LLC. The entity bought the property as an REO (real estate owned) asset from LNR Partners Inc. of Florida, which operated in the deal as LBUBS 2001-C3 Steele Street.