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Editorial Results (free)

1. Methodist Pays $22.5 Million for Germantown Facility -

7945 Wolf River Blvd.
Germantown, TN 38138
Sale Amount: $22.5 million

2. Countryside Apartments Owner Files $5 Million Loan -

The owner of the 152-unit Countryside North Apartments at 6920 Reese Road in Northeast Memphis has filed a $5 million loan on the property.

3. Berklee City Music Network Conference Returns to Memphis -

A national music conference is headed to Memphis, bringing a variety of leaders in education and fundraising, plus youth groups and music teachers, to the Westin Memphis Beale Street Hotel and Minglewood Hall for a concert and master class.

4. Fisher Joins Boy Scouts Chickasaw Council as CEO -

Richard L. Fisher has joined the Chickasaw Council of the Boy Scouts of America as chief executive officer. In his new role, Fisher will extend character development and leadership skills to youth who live in the Chickasaw Council territory, which includes the Mississippi Delta, Memphis, and Shelby and Crittenden counties.

5. Stonebridge Apartments Sells for $22 Million -

9135 U.S. 64 and 9225 U.S. 64
Memphis, TN 38016

Sale Amount: $21.9 million

Sale Date: Dec. 6, 2011

Buyer: AB Merion Stonebridge LLC

6. Whitney Cap. Files Loan for 99 N. Main Apts. -

Memphis 99 Tower LP, an entity affiliated with New York-based Whitney Capital Co. LLC, has filed a $6.7 million trust deed through Oak Grove Commercial Mortgage LLC for The Renaissance Apartments at 99 N. Main St.

7. Williams Joins Ronald McDonald House Charities -

Keaton Williams has joined Ronald McDonald House Charities of Memphis as special events coordinator.

8. Market Slump Expected to Dent Profits at Big Banks -

NEW YORK (AP) — The bank industry's earnings winning streak may be over.

A terrible spring in the financial markets is expected to leave the nation's big banks with second-quarter earnings that fall short of their stellar results from the first three months of the year. That's bad news for companies that relied on trading profits to mask a still-miserable banking climate with high losses from failed loans and low demand for credit.

9. Standard & Poor's Cuts Ratings on 18 Banks -

NEW YORK (AP) - Credit ratings agency Standard & Poor's on Wednesday cut ratings on 18 banks amid concern about further weakening in the financial sector.

S&P said the changes reflected its assessment that volatility will remain in the financial sector and the industry is expected to face tighter regulatory oversight. S&P also said loan losses, which have plagued the industry for more than a year, are likely to continue to increase and could grow beyond expectations.

10. Multifamily Market Dominated By Foreclosure Sales -

Apartment complexes can be found throughout Memphis, but lately it seems the center of the multifamily world is on the courthouse steps Downtown.

Foreclosure sales have dominated the industry’s activity in Shelby County of late, with the most lucrative deals occurring as trustees’ deeds after the original owner defaults on a property or as bank sales after the lender reclaims and resells the property.

11. S&P Puts 23 Financial Firms on Negative Watch -

NEW YORK (AP) - Credit ratings agency Standard & Poor's is reviewing whether to cut the ratings of 23 regional and national banks.

The firms were placed on "CreditWatch Negative" on Monday, which means there is a 50 percent chance the ratings will be cut in the next three months. S&P said it expects the results of the reviews by the end of May.

12. Citi Shares Fall Despite Talks with Morgan Stanley -

NEW YORK (AP) - Citigroup Inc.'s stock sank Monday to its lowest levels since November as investors wondered how much more cash the troubled bank will need.

13. New Jobless Claims Drop Unexpectedly -

WASHINGTON (AP) – New claims for jobless benefits fell unexpectedly last week, but the number of people continuing to receive government aid reached a 26-year high and large companies announced more job cuts Thursday.

14. Harmon Receives Pro Bono Award -

Whitney Harmon, an attorney at Glankler Brown PLLC, has received the first Frank J. Glankler Jr. Pro Bono Award.

Glankler Brown committed this year to taking a minimum of 35 pro bono cases each year from Memphis Area Legal Services, an organization that provides legal assistance for people unable to afford representation. Harmon practices in the area of civil litigation and is a member of the American, Tennessee, Kentucky and Memphis Bar Associations, as well as the Association for Women Attorneys.

15. Peterson Named Director of Purchasing at UTHSC -

Kenneth M. Peterson has been appointed director of purchasing for the University of Tennessee Health Science Center. Previously, Peterson was a career employee of the U.S. government, and formerly served as director of the National Acquisition Center for the Customs and Border Patrol Protection Service in the Department of Homeland Security.

16. New Jersey Investment Co.Buys Joe's Crab Shack Sites -      A local Joe's Crab Shack site is among 29 that have been bought by Princeton, N.J.-based Sovereign Investment Co.
     The private principal equity investment firm, working under the name So

17. Archived Article -

4540 and 4600 Pleasant Hill Road
Memphis, TN 38118
Sale Amount: $9.8 million

Sale Date: Nov. 1, 2006

18. Archived Article: Telecorp Back - TeleCorp opens call TeleCorp opens call center in Memphis In its latest move, TeleCorp PCS Inc., AT&T Wireless' largest affiliate, and the provider of SunCom, announced it has opened a state-of-the-art call center in its Memphis market to serve ...