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Editorial Results (free)

1. 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.

2. Walnut Hill Apartments Sells for $28 Million -

8920 Walnut Grove Road
Cordova, TN 38018
Sale Amount: $27.9 million

Sale Date: Aug. 28, 2014
Buyer: IRT Walnut Hill Apartments Owner LLC
Seller: 30 California-based limited liability companies
Details: The 324-unit Walnut Hill Apartments in Cordova has sold for $27.9 million to an entity affiliated with Philadelphia-based RAIT Financial Trust.

3. Family Dollar Sells Appling Road Location -

An entity affiliated with American Realty Capital Properties Inc. has bought the Family Dollar store at 1683 Appling Road from the North Carolina-based chain for $1.3 million.

4. Knowledge Tree Buys Cordova Retail Center -

8195 Dexter Road
Memphis, TN 38016
Sale Amount: $1.3 million

Sale Date: July 8, 2014
Buyer: K Tree LLC
Seller: 8195 Dexter Road LLC
Loan Amount: $1.5 million
Loan Date: July 11, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of the Knowledge Tree learning center has paid $1.5 million for the 28,575-square-foot shopping center at 8195 Dexter Road in Cordova.

5. First-Quarter Business Licenses Up 21.8 Percent -

The number of business licenses issued by the Shelby County Clerk’s Office in the first quarter of 2014 was 21.8 percent higher than the same period in 2013.

From January through March of 2014, there were 1,630 business licenses issued, as compared to 1,338 for that time frame in 2013.

6. Book Blitz -

Literacy Mid-South is spending part of this month literally surrounded by books.

The nonprofit, which is promoting the national Read Across America initiative in March, is in the process of collecting some 3,000 books (valued at $48,000) to give away. And in the meantime, those books will need to be somehow stored in the organization’s 1,300-square-foot office.

7. Clothes Mentor Sets Opening Date -

Clothes Mentor will open a Cordova location at the Commons at Dexter Lake March 20.

The women’s resale store chain based in Minnesota, which also has stores in Nashville and Clarksville, is leasing 5,000 square feet at 1717 N. Germantown Parkway, suite 101.

8. Clothes Mentor Sets Opening Date -

Clothes Mentor will open a Cordova location at the Commons at Dexter Lake March 20.

The women’s resale store chain based in Minnesota, which also has stores in Nashville and Clarksville, is leasing 5,000 square feet at 1717 N. Germantown Parkway, suite 101.

9. SCS Attendance Zone Proposal Affects 7,000 Students -

Shelby County Schools board members got their first detailed look Wednesday, Feb. 19, at a set of more than two dozen changes in student attendance zones in the 2014-2015 school year that could affect nearly 7,000 students in the school system.

10. Sharp to End Solar Panel Production in Memphis -

Sharp Corp. will stop making solar panels at its Memphis manufacturing plant by the end of March, leaving more than 300 employees out of a job.

The company's notice to the Tennessee Department of Labor and Workforce Development says 311 workers will lose their jobs as of March 22.

11. Commission Receives Schools Financials -

Shelby County Commissioners formally get the financials of Shelby County’s two public school systems Monday, May 6, in an action that is not expected to generate much debate.

But the financial statements for the fiscal year that ended June 30 is another step along the path toward the formal merger of both school systems effective at the end of the current fiscal year.

12. New Owner For Bartlett Car Wash Property -

A former car wash site in Bartlett has traded hands. Nyan Jaf acquired the 0.71-acre lot at 5960 Summer Ave. from Mr. Carwash LLC for $65,000.

13. 6 Months Later, What has Occupy Protest Achieved? -

NEW YORK (AP) – As spring approaches, Occupy Wall Street protesters who mostly hibernated all winter are beginning to stir with plans for renewed demonstrations six months after the movement was born.

14. Memphian Helps TV Viewers Kick the Cable Habit -

About a year ago, Bob Hazlett and his wife realized the amount of time they were spending watching the television was minimal compared to the mindless channel-flipping it took to find an appealing program.

15. Blues City Brewery Buys Hardy Bottling -

5151 E. Raines Road
Memphis, TN 38118
Sale Amount: $10 million

Sale Date: May 2, 2011
Buyer: Blues City Brewery LLC
Seller: Chism Hardy Enterprises LLC

16. Cordova Shopping Center Sells in Foreclosure -

8195 Dexter Road LLC, an affiliate of Hillsboro, Ore.-based StanCorp Mortgage Investors LLC, has acquired a strip shopping center at 8195 Dexter Road in Cordova via a foreclosure sale. The original borrower was Old Forest Properties GP, who borrowed $1.8 million from Standard Insurance Co. in December 2008.

17. Shelby Drive Apartments Sell for $1.4 Million -

1500 E. Shelby Drive
Memphis, TN 38116
Sale Amount: $1.4 million

Sale Date: Feb. 25, 2011
Buyer: Saddle Vineyards LP
Seller: Everbank
Loan Amount: $2.5 million
Loan Date: Feb. 28, 2011
Maturity Date: March 10, 2016
Lender: Triumph Bank

18. Staples to Build First Memphis Location -

The world’s largest office products company will soon enter the Memphis market.

Framingham, Mass.-based Staples Inc. has signed a 17,945-square-foot lease at Ridgeway Trace, the shopping center at Poplar Avenue and Interstate 240 developed by Houston-based Weingarten Realty Investors.

19. Memphis Stands Tall as Logistics Industry Struggles -

Although the aftermath of the recession was palpable across all industry sectors in 2010, Memphis continued to prove its status as a critical logistics and distribution center.

The year came to a close with a milestone in economic development when Swedish manufacturer Electrolux said it will build a $190 million manufacturing plant on 800 acres of land in the Frank C. Pidgeon Industrial Park in southwest Memphis.

20. Blackstone-Affiliated LLCs Buy Warehouses for $22M -

4460 E. Holmes Road
Memphis, TN 38118
Sale Amount: $12.1 million

Sale Date: Dec. 8, 2010
Buyer: BRE/EX TN Properties LLC
Seller: Exeter 4460 Holmes LLC
Loan Amount: $18.4 million
Loan Date: Dec. 10, 2010
Maturity Date: n/a

21. D. Canale Site Sells as Part of Hand Purchase -

45 E.H. Crump Blvd.
Memphis, TN 38106
Sale Amount: $4 million

Sale Date: Sept. 24, 2010
Buyer: The Hand Family Realty Co. LLC
Seller: D. Canale Beverages LLC
Loan Amount: $48.4 million
Loan Date: Sept. 27, 2010
Maturity Date: n/a
Lender: Branch Banking and Trust Co.

22. Former Hollywood Video Sells for $935,000 -

A former Hollywood Video in Cordova has sold for $935,000, and a construction loan has been filed for the property.

TM Partners bought the 7,360-square-foot retail building from Realty Income Corp. Built in 1998, the building sits on about an acre on the east side of North Germantown Parkway between Dexter Road and Bonnie Lane.

23. Cotton Leads April’s Slow CRE Numbers -

Cotton was king of commercial real estate in April as transactions involving three merchants – a pair of longtime Memphis companies and one area newcomer – represented two of the month’s top sales.

24. Realty Company Owner Files Ch. 7 Bankruptcy -

Mallard Creek Realty Inc. owner Stanley Holmes has filed for Chapter 7 bankruptcy.

25. Six Permits Issued to Airport For Ground Transportation Center -

2491 Winchester Road
Memphis, TN 38116
Permit Amounts: $89.5 Million

Project Cost: $121 million
Permit Date: Issued March 2010
Completion: Spring 2012
Owner: Memphis-Shelby County Airport Authority
Tenant: Memphis-Shelby County Airport Authority
Contractor: The Flintco Cos. Inc.
Architect: Walker Parking Consultants

26. Struggles Hamper Southern-Based Civil Rights Group -

ATLANTA (AP) - The organization that gave birth to the modern civil rights movement is in danger of missing out on a chance to capitalize on the country's conversation on race, despite President Barack Obama's historic campaign and election.

27. Collier Lincoln Mercury Dealership Sold Back to Bank -

2177 Covington Pike
Memphis, TN 38128
Sale Amount: $2.5 Million

Sale Date: May 22, 2009
Buyer: First Tennessee Bank NA
Seller: LaToya L. Williams, substitute trustee

28. Weichert Realtors’ Chapman Recognized for Service Achievement -

Amy Chapman, broker and owner of Weichert Realtors-Chapman & Associates, has been awarded Quality Service Certified Platinum status. It is considered the highest level of service achievement in the real estate industry.

29. Commercial Real Estate Hangs on for Dear Life -

The pulse of commercial real estate is barely detectable, but the fact that it’s still registering a beat is remarkable considering the trauma it’s suffered over the past year.

From March 2008 through February 2009, commercial sales in Shelby County declined 35 percent compared to the prior 12-month period, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

30. Re/Max Owner Under Fire -

Re/Max of Kentucky/Tennessee Inc. has filed a breach of franchise agreement complaint against Stan Holmes, his realty company and the four Re/Max franchises he operated in the Memphis area, for a litany of unpaid fees plus penalties and other costs.

31. Re/Max Offices to Close by Sunday -

The realty offices of Re/Max on the River and Re/Max at Mallard Creek will close Sunday, further proof that the slumping real estate market continues to claim casualties.

Carol Lott, broker-owner of Re/Max on the River, Monday confirmed the closures. She co-owns that office with Stan Holmes, who is the owner-broker of Re/Max at Mallard Creek.

32. Tight Credit Put Squeeze On ‘08 Commercial Real Estate Sales -

As with the residential sector, 2008 was a year to forget in commercial real estate, which suffered declining sales and endured a nationwide credit crunch throughout the year.

“The big storyline in ’08 was that lenders weren’t lending,” said Johnny Lamberson, senior vice president at CB Richard Ellis Memphis. “It put a real tightening on deals getting done. If deals weren’t highly leveraged, as the year went on it became harder and harder to get transactions closed because nobody was lending money.”

33. $4.5M Ice Arena Coming to Cordova -

An ownership group called Memphis Ice Arena LLC plans to bring a $4.5 million, 65,000-square-foot ice arena to the city in 2009, ending a six-year drought without a public ice rink.

34. Foreclosure Notices Filed On Alexander-Owned Properties -      Ten first-run foreclosure notices have been filed on properties owned by Charles W. Alexander. The notices appear beginning on Page 29 of today's Daily News.
     SunTrust Mortgage Inc. is th

35. Archived Article -

41 acres in Arlington
Slated for new subdivision
Loan Amount: $3.6 million

Loan Date: Aug. 24, 2006

36. Bill Morris Boom Times -

Pull off Bill Morris Parkway onto Winchester Road and head east. If you haven't driven down the stretch of Winchester that intersects Hacks Cross Road in the past couple of years, you might not recognize it.

37. Archived Article -

Five lots
in Enclave
Loan Amount: $15 million

Loan Date: July 18, 2006

Maturity Date: Aug. 31, 2007

38. Archived Article -

5900 Cedar Forrest Drive
Memphis, TN 38119
Sale Amount: $21.6 million

Sale Date: April 12, 2006

39. Memphis Exodus? Not Exactly. -

The casual observer could be forgiven for looking at Shelby County as the black sheep in a family of eight counties, all of which are jockeying for attention and favor.

By some accounts, Shelby is antisocial (driving residents away with high taxes), irresponsible with money (letting debt accumulate) and generally adrift, at least when it comes to solving recurring issues like the cost of school construction, suburban sprawl and consolidation.

40. Gated Community Planned for Cordova -

An area that is entirely surrounded by the city of Memphis - and that eventually will be annexed itself - has been targeted for development of a 92-lot, gated residential community named Lost Creek.

41. Archived Article: Cordova (lead) - Lead

New phase on tap for Cordova Collection

By LANCE ALLAN

The Daily News

The Earl of Sandwich is just one of several new businesses set to open when a new phase of the Cordova Collection at Dexter retail and office development comes on...

42. Archived Article: Real Briefs - Real estate briefs 03-18-03

The Memphis Area Association of Realtors luncheon is 11:45 a.m. Wednesday at the Holiday Inn at the University of Memphis, 3700 Central Ave. Henry Turley is the speaker.

Reservations can be made online at www.maar.o...

43. Archived Article: Bellevue (lead) - Developer eyes Appling intersection for shops

Developer eyes Appling intersection for shops

By STACEY WIEDOWER

The Daily News

A planned development that would expand commercial offerings in an area previously designated for office space ...

44. Archived Article: Real Briefs - Real estate briefs 02-18-03

The Memphis Area Association of Realtors luncheon runs from 11:45 a.m. to 1 p.m. Wednesday at the Holiday Inn-University of Memphis, 3700 Central Ave.

The speaker is Dexter Muller Sr., vice president for infrastruct...

45. Archived Article: Real Review - FedEx to pay first dividend, FedEx pays first dividend, shows financial discipline FedEx Corp., showing the results of a two-year push to tighten its belt and improve its financial discipline, said it plans to pay the first dividend in the company's...

46. Archived Article: Maa Page 2 - Mid-Americas 2002 first quarter earnings exceed expectations Mid-Americas 2002 first quarter earnings exceed expectations Memphis-based Mid-America Apartment Communities, Inc. announced Wednesday earnings for the first quarter of this year had excee...

47. Archived Article: Real Review - Allen & O'Hara's Education Properties Trust Acquires Florida Apartment Community Allen & O'Hara trust acquires Florida apartment community Allen & O'Hara Inc.s Education Properties Trust LLC, a joint venture with Fremont Realty Capital, ...

48. Archived Article: Real Briefs - Several Mid-America Apartments communities recently earned recognition for beautification and landscaping from numerous indepe Several Mid-America Apartments communities recently earned recognition for beautification and landscaping from numerous in...

49. Archived Article: Midamerica P.2 - Mid-America marks higher first quarter earnings Mid-America posts higher first quarter earnings Mid-America Apartment Communities Inc. announced funds from operations for the first quarter as 71 cents per share, 6.2 percent above the fourth quarter ...

50. Archived Article: Dexter Lake - Leasing is about to begin at a large apartment complex in Cordova Leasing set to begin at Reserve at Dexter Lake in Cordova By KATHLEEN BURT The Daily News Leasing is about to begin at an apartment complex underway in Cordova. The Reserve at Dexter ...

51. Archived Article: Apartment (lead) - Apartment construction starts and completions up for first quarter Apartment starts up slightly in first quarter By DIANNA DEAREN The Daily News Apartment construction starts increased in the first quarter compared to the same period in 1997, from o...

52. Archived Article: Commons - By SUZANNE THOMPSON Construction underway on Cordova apartment complex By SUZANNE THOMPSON The Daily News Mid-America Apartment Communities has started construction on the Commons at Dexter Lake, an 11-building apartment property at 1501 Germantown ...

53. Archived Article: Mayors Youth Initiat - lj 10/5 cates Mayor launches citys largest youth initiative By LAURIE JOHNSON The Daily News About 8,000 Memphis young people will get the opportunity this summer to discover their strengths, earn some money and possibly take the first steps toward ...

54. Archived Article: Govt Briefs - 04-26 Govt briefs The Shelby County Assessor of Propertys office recently mailed 35,000 personal property notices and 18,000 assessment change notices. The personal property notices will notify taxpayers of their 1996 personal property appraisals an...

55. Archived Article: Chg Cordova Apts - apartments Cordova/Germantown Apartment building on the rise in Cordova Apartment construction in Cordova increases By CAMILLE GAMBLE The Daily News Apartment construction in the Cordova/Germantown area is on the rise, and some developers fear the m...

56. Archived Article: Jts Govt Employment - 10/24 jts Guvmint Employment State, local governments watch block grants Govt. agencies among areas largest employers By JAMES SNYDER The Daily News While Congressional budget-cutters make headlines slashing federal jobs, too little attention is foc...