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Editorial Results (free)

1. Fed: Memphis Banks Improved in 2013 -

Memphis banks ended 2013 in somewhat better shape collectively than they stood at the end of 2012, based on new numbers from the Federal Reserve Bank of St. Louis.

2. Ellis Joins State Systems As Sales Executive -

Alisa Ellis has joined State Systems Inc. as a low voltage sales executive. She brings 16 years of telecommunications experience to the company, which offers protection products and services, including fire protection equipment, training and cleaning services, as well as technology services such as network integration, cabling systems and wireless support.

3. Meadows Appointed to State Dentistry Board -

Dr. Dan T. Meadows has been appointed to the Tennessee Board of Dentistry by Gov. Bill Haslam. Meadows, who has a private practice on Walnut Grove Road, will serve as the Rotating Dentist member through June 2016.

4. Fieldstone Apartments Files $9 Million Loan -

Fieldstone Apartments III LLC – an affiliate of Michael Lightman Realty Co. – has filed a nearly $9 million loan through SunTrust Banks Inc. for land that will become a new apartment phase.

5. McDonald’s Buys Lamar Retail Center for $850,000 -

2342 Lamar Ave.
Memphis, TN 38114

Sale Amount: $850,000

Sale Date: Aug. 17, 2012

6. Fieldstone Apts. Buys Land for Third Phase -

Fieldstone Apartments III Co. has paid $1 million for almost 17 acres of vacant land on Tournament Drive in Southeast Memphis for a new apartment phase.

7. Magna Bank Taps Stewart To Lead SBA Division -

Tom Stewart has been named senior vice president and manager of the small business administration division at Magna Bank. Since joining Magna in March, Stewart has led the bank in obtaining national preferred lending provider status. In his new role, Stewart will oversee all business development activities for the Mid-South along with portfolio management and loan servicing.

8. Literacy Mid-South’s Dean Appointed to State Coalition -

Kevin Dean, executive director of Literacy Mid-South, has been appointed to the Tennessee Literacy Coalition’s board of directors. The board unanimously approved Dean’s nomination, and he will serve as a representative from West Tennessee for three years.

9. The Persistence of Memory -

The Gardens of Germantown, built at a cost of more than $8 million and slated to open Oct. 1, offers unique care concepts for people with Alzheimer’s and other forms of dementia.

The assisted care center at 3179 Professional Plaza Drive has three wings, or neighborhoods, allowing residents to live among others with the same degree of memory loss. Each neighborhood offers posh and secure surroundings with gated gardens outside and saltwater aquariums inside.

10. Building Permit Brings Wally Joe Restaurant Closer to Reality -

690 S. Perkins Road
Memphis, TN 38117
Permit Amount: $800,000

Project Cost: $800,000
Permit Date: Applied October 2009
Completion: Summer 2010
Owner: Wally Joe Realty LLC
Tenant: TBA
Contractor: Day Construction LLC
Architect: Doug Enoch

11. Goodwyn Condos Sold Back to Bank for $4.5M -

The Goodwyn Condominiums at 127 Madison Ave. Downtown has sold back to the lender, First Tennessee Bank NA, following a foreclosure of 21 of the 18-story building’s 24 condo units. First Tennessee paid $4.5 million for the unsold units and neighboring commercial space during an Oct. 21 substitute trustee’s sale on the steps of the Shelby County Courthouse.

12. Goodwyn Condos In Foreclosure -

Chalk up another victim to the continuing real estate crisis, this time the Goodwyn Condominiums at 127 Madison Ave.

13. Gardens of Germantown Secures Funding to Build Alzheimer’s Facility -

3179 Professional Plaza
Germantown, TN 38138
Loan Amount: $8 Million
Loan Date: July 16, 2009


Maturity Date: Aug. 1, 2050
Borrower: Gardens of Germantown LLC
Lender: Deutsche Bank Berkshire Mortgage Inc.
Details: The developer of an Alzheimer’s facility called the Gardens of Germantown has filed an $8 million construction loan through Deutsche Bank Berkshire Mortgage Inc.

14. $8M Loan Filed For Alzheimer’s Facility -

The developer of an Alzheimer’s facility called the Gardens of Germantown has filed an $8 million construction loan through Deutsche Bank Berkshire Mortgage Inc.

15. Events -

The Shelby County Board of Commissioners will hold committee meetings today beginning at 8:30 a.m. in the fourth floor committee room of the Shelby County Administration Building, 160 N. Main St. For more information, call Steve Summerall at 545-4301.

16. Events -

MPACT Memphis will hold a Community Service Committee meeting today at 6 p.m. at Café Eclectic, 603 N. McLean Blvd. To R.S.V.P., contact Audra Bares or Chad Lopes at memberconnections@mpactmemphis.org or 528-8340.

17. Events -

The Alzheimer’s Awareness Tour will stop in Memphis for a breakfast event today from 8 a.m. to 10 a.m. at the Embassy Suites Hotel, 1022 S. Shady Grove Road. The breakfast is free and will include information about the latest research and clinical studies. Space is limited. For reservations, call 877-307-8839 or e-mail info@newleafevents.com.

18. Events -

The Memphis Rotary Club will meet today at noon at the University Club of Memphis, 1346 Central Ave. Bruce Watts, president and CEO of Fred’s Inc., will speak. Lunch is $18 per person and reservations are required. For reservations, e-mail Taylor Hughes at taylor@memphisrotary.org.

19. Loan Filed for Phase Two Of Centennial Gardens Apartments -

7751 Centennial Drive
Memphis, TN 38125
Loan Amount: $11.5 Million

Loan Date: Jan. 15, 2009
Maturity Date: Jan. 15, 2013
Borrower: Lightman Centennial Gardens Co.
Lender: SunTrust Bank

20. Centennial Gardens Files $11.5M Loan for Phase II -

Lightman Centennial Gardens Co., a division of Michael Lightman Realty Co., on Jan. 15 closed an $11.5 million construction loan with SunTrust Bank for the second phase of the Centennial Gardens apartment complex in Southeast Memphis. The address is 7751 Centennial Drive, west of Hacks Cross Road and south of Winchester Road.

21. 62-Bed Alzheimer’s Facility Coming to Germantown - 3179 Professional Plaza
Germantown, TN 38138
Permit Amount: $5.6 Million

Project Cost: $5.6 million
Permit Date: Applied October 2008
Completion: October or November of 2009
Owner: Alexander Enterprises
Tenant: Alexander Enterprises
Contractor: Patton and Taylor Enterprises
Architect: O.T. Marshall Architects

Details: An Alzheimer’s facility called the Gardens of Germantown soon will rise at 3179 Professional Plaza, which runs between Poplar Avenue and Poplar Pike near the Germantown/Collierville border.

Developer Alexander Enterprises has filed a permit application with the city-county Department of Construction Code Enforcement to build the 30,500-square-foot, single-story facility. The Gardens of Germantown will be a 48-unit, 62-bed facility that sits on roughly half of a 4.36 acre-parcel backing up to the Village Shops of Forest Hill retail center. Beacon Communities Inc. of Cumming, Ga., will manage the facility.

Construction on the building, set to begin in December, should take 10 months, said Michael Alexander of Alexander Enterprises, with an opening projected for October or November 2009. The property has been divided into two lots, with the Gardens of Germantown slated for the northwest corner of the property.


1.46 Acres in Commons at Dexter Lake
Cordova, TN 38018
Loan Amount: $1.2 Million

Loan Date: Oct. 2, 2008
Maturity Date: April 22, 2009
Borrower: Commons at Dexter Lake LLC
Lender: First Citizens National Bank

Details: A $1.6 million retail center with a French Quarter motif is being built in Cordova. The Commons at Dexter Lake LLC has filed a $1.2 million construction loan to build a 10,400-square-foot retail center, dubbed Vieux Carré, south of Dexter Road and west of Chickering Lane. Construction started last week. The development team bought the land from John B. Maxwell Jr., trustee for the sellers, for $334,541 and filed the construction loan through First Citizens National Bank. Commons at Dexter Lake LLC principal Nancy Waddell signed the trust deed. The center will sit on a 1.46-acre parcel near the Commons at Dexter Lake retail center and the Reserve at Dexter Lake apartments. A spokesman for the developer said the seven-bay center already has five leases signed. Tenants include a Belle Meade salon, financial planner Martin Hearn, a Crown Trophy store and a florist/gift shop. Jeff Blackledge is architect for Vieux Carré. KT Construction LLC, whose partners are Scott Turnage and Riley Kail, will be the general contractor. Turnage said the company is “stripping the lot off right now and pushing hard for the first of the year” to complete the center. “We’re going to go for kind of a hybrid French Quarter style – we’re going to be doing more of a Bourbon Street look,” Turnage said. “It’s going to be a strip center, but we’re going to try to give each space individuality, using depth and height offsets to try to give each space somewhat of a unique appearance.” More retail space will be coming to the site soon.


6075 Winchester Road
Memphis, TN 38115
Sale Amount: $1.4 Million

Sale Date: Oct. 23, 2008
Buyer: World Overcomers Outreach Ministries Church Inc.
Seller: Carlyle Rock Ridge LLC
Loan Amount: $1.2 million
Loan Date: Oct. 24, 2008
Maturity Date: N/A
Lender: Tri-State Bank of Memphis

Details: World Overcomers Outreach Ministries Church Inc. has bought the Hickory Ridge Mall for $1.4 million from Carlyle Rock Ridge LLC. The roughly 500,000-square-foot Hickory Ridge Mall sits on 44 acres at 6075 Winchester Road in Hickory Hill. It was damaged by a tornado during the Feb. 5 storms that ripped through the southern and southeastern areas of town. World Overcomers will retain its congregational home at the former Central Church at 6655 Winchester Road, down the road from the mall. The church bought that property in 2001 for $10 million. Church pastor Alton Williams has announced plans to turn the mall into a Christian community center, replete with a restaurant, banquet hall, theater and other services for the neighborhood. The Hickory Ridge Mall opened in 1981 to much fanfare, but it steadily declined over the years as newer malls opened in other parts of town and tenants departed. The February storm proved to be a death knell for the mall. Although the city of Memphis considered buying it and turning it into a satellite office for city services, the renovation proved too costly.


...

22. Alzheimer’s Facility Slated for Germantown -

A $5.6 million Alzheimer’s facility called the Gardens of Germantown soon will rise at 3179 Professional Plaza, which runs between Poplar Avenue and Poplar Pike near the Germantown/Collierville border. Developer Alexander Enterprises has filed a permit application with the city-county Department of Construction Code Enforcement to build the 30,500-square-foot, single-story facility.

23. Lightman Realty to Begin Phase II of Centennial Gardens -

7751 Centennial Drive
Memphis, TN 38125
Permit Amount: $10.6 Million

Project Cost: $14 million
Permit Date: Applied October 2008
Completion: 2010
Owner: Michael Lightman Realty Co.
Tenant: Michael Lightman Realty Co.
Contractor: Patton & Taylor Construction Co.
Architect: MMH Hall Architects and Planners Inc

24. Lightman Files $10.6M Permit For Centennial Gardens -

Michael Lightman Realty Co. has filed a $10.6 million permit application with the city-county Department of Construction Code Enforcement to build the second phase of the Centennial Gardens apartments at 7751 Centennial Drive in Southeast Memphis. The property is off Hacks Cross Road south of Winchester Road.

25. $15.3M Permit FiledFor Centennial Gardens -      Michael Lightman Realty Co. is moving ahead with the planned $18 million, 256-unit phase one of Centennial Gardens apartments in the Centennial Park development. The company has filed a $15.3 million permit for the compl

26. Construction Activity Remains Strong -

There's a phrase the British use that's also appropriate in Memphis and Shelby County, where it applies both to the furious pace of home construction and the amount of new development across the region.

27. Archived Article: Newsmakers - Flintco Companies Names New Senior Vice President

Flintco Names New Senior Vice President

Kevin Moyes was appointed senior vice president of The Flintco Cos. Inc. Moyes has worked with Flintco for 18 years. He earned a bachelors degree from Ok...

28. Archived Article: Law Focus - Law

Construction Lawyers Form Statewide Association

LANCE ALLAN

The Daily News

Construction attorneys in Tennessee have never had an organization to call their own until recently, that is.

Serving a niche. A nonprofit corporation, the...

29. Archived Article: Memos - Carlos Webb was named executive vice president-chief executive officer of Memphis Area Teachers Credit Union Carlos Webb was named executive vice president-chief executive officer of Memphis Area Teachers Credit Union. The designation is a new one a...

30. Archived Article: Law Briefs - The Memphis Bar Association will present the brown bag lunch seminar ``Mechanics of Title Insurance and Closing Protection Let The Memphis Bar Association will present the brown bag lunch seminar ``Mechanics of Title Insurance and Closing Protection...

31. Archived Article: Real Review - Real Review 02-15-00 Management company once again locally owned LEDIC Management Group is again under Memphis ownership. A group of local real estate veterans, led by David L. Shores, has repurchased LEDIC from Residential Co. of America, the New Y...

32. Archived Article: Graphic (probatty) - Most active probate attorneys Most active probate attorneys A total of 798 cases have been filed in Shelby County Probate Court since Jan. 1. Here's a look at the most active attorneys involved in those cases. Attorney of record No. of cases James E...

33. Archived Article: Memos - John J John J. Bradley has been named senior vice president of economic development for the Memphis Area Chamber of Commerce. He is the current president of the Tennessee Industrial Development Council. Bradley is a graduate of the University of Ten...

34. Archived Article: Memos - Sheila Collins has been promoted to vice president at Arnoult & Associates Sheila Collins has been promoted to vice president at Arnoult & Associates. She formerly was project director and operations manager. Collins has an undergraduate deg...

35. Archived Article: Benchmark - Southwind Construction Corp Southwind Construction Corp. vs. Memphis-Shelby County Airport Authority and Allen & Hoshall Inc. An Indiana company is suing the airport authority and a local engineering firm in U.S. District Court. According to the...