Editorial Results (free)
1. Cordova Stor-N-Lock Sells for $2.1 Million
- Tuesday, April 30, 2013
The Cordova Stor-N-Lock at 1570 Bonnie Lane has sold for $2.1 million following a foreclosure.
Special servicer C-III Asset Management LLC of Irving, Texas, bought the 54,199-square-foot property in an April 26 substitute trustee’s deed from R. Spencer Clift of Baker, Donelson, Bearman, Caldwell & Berkowitz PC, acting on behalf of the lender.
2. U of M Files Permit for New Residence
- Tuesday, February 26, 2013
3615 Central Ave. Memphis, TN 38111
Permit Cost: $43.5 million
Project Cost: $53 million
3. Jamesbridge Apartments Sells for $7.2 Million in Foreclosure
- Thursday, February 21, 2013
The 432-unit Jamesbridge apartments at 3689 James Road in Raleigh sold to a special servicer for $7.2 million after a foreclosure.
4. Polo Shops on Winchester Facing Foreclosure
- Thursday, February 07, 2013
The Polo Shops on Winchester Road is facing foreclosure after owner MPI/Polo I & II defaulted on a $3.9 million loan, according to a first-run foreclosure notice in the Thursday, Feb. 7, edition of the Daily News.
5. Foreclosure Notice Filed on Jamesbridge Apartments
- Monday, January 14, 2013
A first-run foreclosure notice has been filed against the owner of the 432-unit Jamesbridge apartments at 3689 James Road in Raleigh.
6. Crowne Plaza Hotel Sells Out of Foreclosure
- Tuesday, January 08, 2013
300 N. Second St. Memphis, TN 38103
Sale Amount: $9.4 million
Sale Date: Dec. 28, 2012
7. Crowne Plaza Hotel Sells Out of Foreclosure
- Thursday, January 03, 2013
The Crowne Plaza Hotel at 300 N. Second St. Downtown sold on the Shelby County Courthouse steps Dec. 28 for $9.4 million following a foreclosure.
8. Two Lenox Park Buildings Facing Foreclosure
- Wednesday, November 07, 2012
Lenox Park Professional Buildings A and B are facing a foreclosure sale after the properties’ owners defaulted on a 2007 loan for $17.3 million, according to a foreclosure notice in The Daily News’ Wednesday, Nov. 7, edition.
9. Foreclosure Notices Filed for Panattoni Land
- Thursday, March 22, 2012
Vacant parcels on Holmes Road in Hickory Hill could be headed for a foreclosure sale after a group of borrowers that included Panattoni Development Co. leaders defaulted on multimillion-dollar construction loans, according to two first-run foreclosure notices in The Daily News Thursday, March 22.
10. Holmes Rd. Industrial Land Sells for $3M in Foreclosure
- Thursday, February 02, 2012
San Francisco-based ATC Realty One LLC has bought vacant land on the north side of East Holmes Road between Getwell and Malone roads for $3 million at a foreclosure sale. Previous owner Holmes-Getwell 200 defaulted on a 2004 loan for $7.5 million through SouthTrust Bank, now merged into Wells Fargo Bank NA.
11. Lender Buys Willow Lake for $26M
- Monday, October 17, 2011
Willow Lake Business Park and Corporate Park in Hickory Hill sold back to the lender for $26 million Friday, Oct. 14, on the Shelby County Courthouse steps following a foreclosure.
A single-purpose entity named 198-6 Memphis Industrial Portfolio Holdings LLC, which is related to U.S. Bank NA, bought the property from substitute trustee R. Spencer Clift III of Baker, Donelson, Bearman, Caldwell & Berkowitz PC.
12. Willow Lake Foreclosure Sale Slated for Oct. 14
- Wednesday, October 12, 2011
The foreclosure sale of the 17-building, mixed-use Willow Lake Business Park and Corporate Park in Hickory Hill is slated for Friday, Oct. 14, at noon at the Shelby County Courthouse, 140 Adams Ave.
13. Foreclosure Notice Rerun for Willow Lake Park
- Friday, June 10, 2011
The planned foreclosure sale of the 17-building, mixed-use Willow Lake Business Park and Corporate Park in Hickory Hill has a new date: July 8, according to a first-run foreclosure notice in today’s Memphis Daily News and online at www.memphisdailynews.com.
14. Business Park Slated for Auction Block
- Tuesday, February 15, 2011
In the past five years, real estate foreclosures have run the gamut from hospitality to retail to multifamily to high-end residential to industrial.
As the commercial market in particular continues to be plagued with record-high vacancies and downward pressure on rental rates, investors are feeling the brunt of the crisis.
15. Preserve at Southwind Sells for $19.9 Million
- Wednesday, July 28, 2010
The Preserve at Southwind was sold back to the lender Tuesday afternoon on the Shelby County Courthouse steps for $19.9 million.
After two planned foreclosure sales of the 306-unit apartment complex had been adjourned, Wells Fargo Bank NA – operating in the transaction as 7991 Capilano Drive Holdings LLC – reclaimed the property with no other bidders showing up for the auction.
16. Five Apartment Complexes Face Foreclosure Sale
- Tuesday, July 27, 2010
The owner of five Memphis apartment complexes has defaulted on $21.8 million in multifamily housing revenue bonds through the Shelby County Health, Educational and Housing Facility Board.
The foreclosure notices for the five items appear in today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.
17. Raines Road Warehouse, Parcels in Foreclosure
- Friday, July 23, 2010
The 146,300-square-foot warehouse at 4049 E. Raines Road along with four vacant parcels have been foreclosed and will be sold on the courthouse steps, according to a first-run foreclosure notice that appears in today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.
18. Brownstone Lands First Tenant In Radiological and Vascular Center
- Tuesday, June 15, 2010
7695 Poplar Pike
Germantown, TN 38138
Sale Amount: $1.6 Million
Sale Date: May 28, 2010
Buyer: MRPC Building LLC
Seller: Salvaggio Group LLC
Loan Amount: $1.2 million
Loan Date: May 28, 2010
Maturity Date: Aug. 21, 2011
Lender: MedArm Inc.
19. Holiday Inn Express Sells for $2.5 Million
- Friday, June 11, 2010
The Holiday Inn Express at 4068 Stansell Court in unincorporated Southeast Shelby County has sold for $2.5 million following a foreclosure.
4068 Stancell Court Holdings, a special-purpose entity related to the lender, reclaimed the property June 4 in a successor trustee’s deed. The property went into receivership Feb. 26.
20. Preserve Auction Adjourned Again
- Friday, May 28, 2010
For the second time in a month, the scheduled auction of the Preserve at Southwind Apartments near Hacks Cross and Tenn. 385 in Southeast Shelby County has been adjourned.
On Friday the sale was moved back to July 27 at noon.
21. Preserve Auction Adjourned to May 28
- Friday, April 30, 2010
Friday’s scheduled auction of the Preserve at Southwind Apartments near Hacks Cross and Tenn. 385 in Southeast Shelby County has been adjourned to May 28 at noon.
The 306-unit complex will be auctioned to the highest bidder on the Shelby County Courthouse steps in a substitute trustee’s sale due to a foreclosure.
22. Saddle Vineyards Apts. Face Foreclosure
- Thursday, April 15, 2010
A first-run foreclosure notice appears on Page 34 for the Saddle Vineyards Apartments at 3752 Winchester Road.
23. Southwind Apartment Complex Foreclosed
- Friday, April 09, 2010
The 306-unit Preserve at Southwind Apartments near Hacks Cross Road and Tenn. 385 in Southeast Shelby County has been foreclosed and will be sold on the Shelby County Courthouse steps, according to a notice on Page 37 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.
24. Wright Medical Buys Arlington Bldg. For Distribution Needs
- Tuesday, November 10, 2009
11481 Gulf Stream Ave.
Arlington, TN 38002
Sale Amount: $1.6 Million
Sale Date: Oct. 29, 2009
Buyer: Wright Medical Technology Inc.
Seller: Covington Furniture Manufacturing Co.
Details: Wright Medical Group Inc. has bought a 56,340-square-foot building at 11481 Gulf Stream Ave. near its Arlington campus to increase distribution capacity. Operating in the transaction as Wright Medical Technology Inc., the company paid $1.6 million for the building, which was completed in 1973 and sits on 4.29 acres near the intersection of Tenn. 385 and U.S. 70.
25. Retail Center Sells Following Foreclosure
- Wednesday, November 04, 2009
The Market of Riverdale Bend, a three-parcel retail portfolio on Winchester Road in Southeast Shelby County, has sold for $4.8 million to an entity called Market at Riverdale Bend HH LLC following a foreclosure of the property. The parcels’ addresses are listed as 7110-7136 Winchester Road and are on the north side of Winchester between Riverdale and Riverdale Bend roads.
26. Building Permit Brings Wally Joe Restaurant Closer to Reality
- Tuesday, November 03, 2009
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
Contractor: Day Construction LLC
Architect: Doug Enoch
27. Goodwyn Condos Sold Back to Bank for $4.5M
- Tuesday, October 27, 2009
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.
28. Colliers Takes On Tough Project
- Thursday, October 15, 2009
A retail portfolio hit hard by the slumping economy has a new temporary owner and a new leasing/management team. Now those entities are charged with repositioning the assets so a buyer can step in and have a better shot at building long-term success.
29. Hacks Cross Center Sold Back to Bank
- Wednesday, October 14, 2009
The Shoppes at Misty Meadows, a two-parcel retail center at 3800 Hacks Cross Road in Southeast Shelby County, sold back to its lender Friday for $2.6 million in a substitute trustees’ sale. The seller was R. Spencer Clift III of the law firm Baker, Donelson, Bearman, Caldwell & Berkowitz PC.
30. Memphis College of Art Files Loan to Build Residence Hall
- Tuesday, October 13, 2009
139 N. Barksdale St.
Memphis, TN 38104
Loan Amount: $3.1 Million
Loan Date: Oct. 1, 2009
Maturity Date: Oct. 1, 2019
Borrower: Memphis College of Art
Lender: First Tennessee Bank NA
31. Foreclosure Set for Lots In The Market at Riverdale Bend
- Wednesday, October 07, 2009
A first-run foreclosure notice appears on Page 32 of today’s edition of The Daily News and at The Daily News Online, www.memphisdailynews.com, for three parcels in The Market at Riverdale Bend.
32. Sunridge Townhouses Land New Owner
- Tuesday, October 06, 2009
Charles W. Shoffner has bought the 50-unit Sunridge Townhouses complex in Raleigh for $1.1 million from JPMorgan Chase Bank, formerly known as The Chase Manhattan Bank. Built in 1975, the townhouses sit at 4990 Stage Road, west of Covington Pike and southeast of the Raleigh Springs Mall. The sale closed Sept. 23.
33. Goodwyn Condos In Foreclosure
- Thursday, September 24, 2009
Chalk up another victim to the continuing real estate crisis, this time the Goodwyn Condominiums at 127 Madison Ave.
34. Louisiana Investor Buys Arlington Retail Center
- Tuesday, September 15, 2009
6050 Air Line Road
Arlington, TN 38002
Sale Amount: $1.8 Million
Sale Date: Sept. 2, 2009
Buyer: Southeast Investments LLC
Seller: Pleasant Place LLC, Waymon H. Welch, Danya Welch, Dawn Welch, Jon E. McCreery, Phillip Chamberlain
35. Pinebrook Pointe Sells for $2.4 Million
- Thursday, September 10, 2009
The Pinebrook Pointe Apartments at 3541 Mediterranean Drive in Oakhaven/Parkway Village have been sold back to the lender, Deutsche Bank National Trust Co., for $2.4 million in a successor trustee’s sale following a foreclosure. The 256-unit complex sits on the north side of Winchester Road between Lamar Avenue and South Perkins Road.
36. Raleigh Apartments Follow Foreclosure Trend
- Thursday, September 10, 2009
The foreclosure crisis has claimed another multimillion-dollar commercial victim, this one the 432-unit Jamesbridge apartments in Raleigh.
A first-run foreclosure notice against the multifamily complex’s owner begins on Page 42 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.
37. Foreclosed Gardenwood Sells for $2.4 Million
- Tuesday, September 08, 2009
The Gardenwood apartment complex at 4795 Hoover Drive in Raleigh was sold in a successor trustees’ sale Sept. 2 for $2.4 million following a foreclosure. The buyer was the lender, Bank of America NA, which bought the 139,096-square-foot property on the Shelby County Courthouse steps out of foreclosure.
38. Hacks Cross Center Foreclosed, to be Sold
- Friday, September 04, 2009
The Shoppes at Misty Meadows, a two-parcel retail center at 3800 Hacks Cross Road in Southeast Shelby County, has been foreclosed and will be sold in a substitute trustees’ sale, according to a notice that appears on Page 40 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.
39. Enclave Partnership Files Loan For 19 Lots of Enclave at Sparkle Creek
- Tuesday, August 25, 2009
Enclave at Sparkle Creek Planned Development
Unincorporated Shelby County
Loan Amount: $1.5 Million
Loan Date: Aug. 13, 2009
Maturity Date: Aug. 15, 2011
Borrower: The Enclave Partnership
Lender: Merchants & Planters Bank
40. Medical Office Owner Files $800K Loan
- Thursday, August 20, 2009
The new owner of the Applingwood Professional Office Building at 1540 Appling Care Lane in unincorporated Shelby County has filed an $800,000 loan on the property.
41. Raleigh Apartments For Sale After Foreclosure
- Wednesday, August 12, 2009
The Gardenwood Apartments at 4795 Hoover Drive in Raleigh will be sold in a substitute trustees’ sale following a foreclosure of the property, according to a notice on Page 40 of today’s edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.
42. Pat O’s Sold Back to Bank
- Monday, August 03, 2009
A mini bidding war broke out Friday during the trustee’s sale of the former Pat O’Brien’s bar at 310 Beale St., but in the end the bank that foreclosed on the property came in with the highest bid of $827,000.
43. Foreclosure Issued For 310 Beale St.
- Tuesday, July 07, 2009
Two entities, 310 Beale Street Properties LLC and Hurricane Memphis LLC, have defaulted on a December 2001 construction loan for $2.6 million. The lender is Wachovia Commercial Mortgage Inc. doing business as The Money Store Commercial Mortgage Inc. The first-run foreclosure notice appears on Page 40 of today’s paper.
44. Former Cordova Applebee’s To Be Converted to IHOP
- Tuesday, April 14, 2009
1106 N. Germantown Parkway
Cordova, TN 38016
Sale Amount: $1.3 Million
Sale Date: April 2, 2009
Buyer: Hotcakes Cordova Venture LLC
Seller: Gourmet Systems Inc.
Loan Amount: $1.6 million
Loan Date: April 2, 2009
Maturity Date: Sept. 30, 2014
Lender: Branch Banking and Trust
45. Sunridge Sold By Trustee for $1.1M
- Wednesday, April 08, 2009
The 50-unit Sunridge Townhouses complex at 4990 Stage Road, west of Covington Pike and southeast of the Raleigh Springs Mall, sold on the Shelby County Courthouse steps last week for $1.1 million after being foreclosed earlier this year.
46. Ride Continues for Whitehaven Complex
- Wednesday, December 03, 2008
One chapter in the continuing saga of the New Horizon Park apartments has been closed, but more twists are likely coming for the embroiled property.
The sprawling, 933-unit multifamily complex at 3578 Millbranch Road in Whitehaven was foreclosed and sold for $21.4 million in a Nov. 20 substitute trustee’s sale to Wells Fargo NA. The seller was Spencer Clift, trustee for the Health, Education and Housing Facility Board of the city (HEHFB) of Memphis.
47. Apartments Sold In $21M Trustee’s Sale
- Monday, December 01, 2008
The New Horizon Apartments, a 933-unit community at 3578 Millbranch Road and 1767 Winchester Road, has sold for $21.4 million in a trustee’s sale to Wells Fargo NA. The sale closed Nov. 20, and the seller was Spencer Clift, trustee for the Health, Education and Housing Facility Board of the city of Memphis.
48. Rhodes College’s Stuart Receives Distinguished Service Award
- Wednesday, June 04, 2008
Forrest Stuart, director of financial aid at Rhodes College, recently received the Distinguished Service Award at the spring conference of the Tennessee Association of Student Financial Aid Administrators (TASFAA).
49. Flurry of Foreclosures Filed Against Mark Matthews Dev.
- Tuesday, November 06, 2007
Twenty-three first-run foreclosure notices against Mark Matthews Development LLC are in today's edition of The Daily News. They start on Page 39.
Regions Bank, the owner of the debt, has
50. Archived Article: Lead
- Thursday, March 17, 2005
Memphis Braces for Bankruptcy Changes
Federal bill could have unintended effect on local filings
The Daily News
Next month, Congress could put the finishing touches on the biggest overhaul of the nations bankruptcy...
51. Archived Article: Lead
- Thursday, February 03, 2005
By Andy Meek
Bankruptcy Filings Decline in 2004
West Tennessee filings drop, but remain high
The Daily News
Apparently, more people in Metro Memphis are learning how to handle credit card debt and unexpected expenses better ...
52. Archived Article: Trends
- Monday, January 03, 2005
By Andy Meek
Employment, Economic Development Key in 2005
The Daily News
Whether its Shelby Countys top finance official, the Memphis Regional Chamber, a small business liaison or a former four-term mayor of Indianapolis who is...
53. Archived Article: Bankrupt Quarterly (lead)
- Thursday, October 14, 2004
By Andy Meek
Bankruptcy Filings Dip in Third Quarter
Chapter 7, 13 cases experience gradual decline
The Daily News
It could be due in part to the recovering economy, but fewer people are filing for bankruptcy this year.
54. Archived Article: Market Briefs
- Monday, June 30, 2003
The state Department of Environment
The state Department of Environment and Conservation issued certificates of competency to the following Shelby County water or wastewater treatment operators: Rickie L. Berryhill, Grade II wastewater collection...