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Editorial Results (free)

1. Primacy Parkway Office Building Sells for $7 Million -

6060 Primacy Parkway
Memphis, TN 38119
Sale Amount: $6.9 million

Sale Date: June 27, 2014
Buyer: LSREF2 Newton LLC
Seller: Hub Properties Trust
Details: The 130,593-square-foot office building at 6060 Primacy Parkway in East Memphis has sold for $6.9 million.

2. September 27-October 3, 2013: This week in Memphis history -

2012: Republican vice presidential nominee Paul Ryan raised an estimated $1 million during a private fundraiser at The Racquet Club for the Romney-Ryan presidential ticket. The Memphis stop was one of several fundraisers across the state and included a later gathering at the home of FedEx founder and CEO Fred Smith. In the November presidential general election the Romney-Ryan ticket carried Tennessee. President Barack Obama carried Shelby County.

3. Events -

Tennessee Shakespeare Co. will present “Hamlet” Wednesday, April 3, through Sunday, April 14, at the Dixon Gallery and Gardens Winegardner Auditorium, 4339 Park Ave. Visit tnshakespeare.org for times and tickets.

4. Northward Expansion -

Thirteen years after Visible Music College founder Ken Steorts launched a school with a focus on music ministry and production that relocated into Memphis after outgrowing its original Lakeland campus, the school is preparing to launch a satellite campus.

5. Sites Down to 3 for New West Tennessee Vets Cemetery -

JACKSON, Tenn. (AP) – The potential locations for a new West Tennessee veterans cemetery have been pared to three.

The Jackson Sun reported a steering committee last week picked one site in Madison County and two spots in Henderson County as finalists. All sites are between 130 and 140 acres.

6. Praxair Files $2M Permit App for Pidgeon Park Site Work -

3587 Paul R. Lowry Road
Memphis, TN 38109
Permit Cost: $2 million

Permit Date: Applied June 2012
Owner: Praxair Inc.
Tenant: Praxair Inc.
Contractor: W.G. Yates & Sons Construction Co.
Details: Praxair Inc., an industrial gases company that operates an air separation complex in Frank C. Pidgeon Industrial Park, has filed a $2 million building permit application to lay a foundation at its facility, 3587 Paul. R. Lowry Road.

7. 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.

8. Virtus Real Estate Buys Self-Storage Facilities -

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

9. 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.

10. Multifamily Owner Defaults On $19.5M Loan -

In what has become a common theme in the multifamily industry, another pair of large apartment complexes will be sold on the courthouse steps.

The Waterford Pointe Apartments at 5045 Airways Blvd. in Whitehaven and the Carrington Manor Apartments at 4805 Winchester Road in Oakhaven have been foreclosed, according to a first-run notice in today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

11. Events -

Mothers of the NILE will hold a Mother’s Day banquet Thursday at 5:30 p.m. at First Baptist Church Broad Avenue, 2935 Broad Ave. Dr. Kriner Cash will be the featured speaker. The dinner is open to the public. For reservations, call Veronica Coleman-Davis at 592-5817 or Myra Stiles at 272-3819.

12. Events -

The Alliance for Nonprofit Excellence will hold its annual conference “The New Nonprofit Sector: Redefined, Retooled and Resilient” Wednesday at 8:30 a.m. at the Clark Opera Memphis Center, 6745 Wolf River Blvd. Sonal Shah, head of the White House’s Domestic Policy Council’s Office of Social Innovation and Civil Participation, will speak. Cost is $99 for members, $150 for nonmembers and $65 for students. For reservations, call 684-6605 or visit www.npexcellence.org.

13. Restaurateurs Find Opportunities in New Technology -

Nowadays there’s a cell phone app for nearly everything – and restaurant reservations are no exception.

That’s not been lost on local restaurateurs, who are embracing online reservations and finding that they are weathering the struggling economy better as a result.

14. Q1 Property Foreclosures Up Slightly -

Lenders repossessed almost as many homes, apartment buildings and other properties in Shelby County during the first quarter of this year as they did during the same period in 2009.

And in what’s akin to the real estate version of the game hot potato, lenders worked fast to unload what they collected.

15. Tricky Market -

Because loan defaults are a common occurrence in this difficult financial climate, last week’s news that the 306-unit Preserve at Southwind Apartments had been foreclosed could easily be chalked up to a case of “another one bites the dust.”

16. Exchange Building Sells at Bargain Price -

The Exchange Building at 130 Madison Ave. sold for a fraction of its value in a successor trustee’s deed last month when it was reclaimed by the lender following a foreclosure.

17. Commercial Real Estate Raises Red Flags for Bankers -

This month’s foreclosure of the 19-story Exchange Building apartment tower at 130 Madison Ave. is a local example of a problem that’s sounding alarm bells in the banking industry.

It’s the commercial real estate version of the mortgage meltdown that clobbered the housing industry. Signs are emerging that it’s poised to pounce on banks, the real estate industry and policymakers who have spent the past two years working to quell that previous crisis.

18. Downtown’s Exchange Building In Foreclosure -

The Exchange Building, a century-old, 19-story apartment tower at 130 Madison Ave., is in foreclosure after its owner defaulted on a loan, according to a first-run notice that begins on Page 31 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

19. Steady Clip for Court Cases in ’09 -

Civil court filings for 2009 were higher than the previous two years, according to data from The Daily News Online.

The year-end data for Circuit, Chancery and Probate courts showed 10,794 cases were filed in 2009 compared to 9,766 in 2008 and 10,045 in 2007.

20. Cellular South to Acquire Ala. Wireless Provider -

RIDGELAND, Miss. (AP) - Cellular South has announced plans to acquire Corr Wireless, based in north Alabama.

Terms of the deal were not disclosed Friday. The acquisition requires regulator approval, which Cellular South officials say should be completed in several months.

21. Events -

SCORE will hold a seminar today from 7:45 a.m. to 4:30 p.m. in the eighth floor conference room of Clark Tower, 5100 Poplar Ave. The seminar is titled “How to Successfully Manage a Small Business.” Cost is $70 in advance and $99 at the door. To register, visit www.scorememphis.org/registration. For more information, call 544-3588.

22. Southaven Destination -

Sam Mitchell probably would be the first person to say commercial success in DeSoto County isn't limited to Goodman Road. The business lineup at Town Square at Snowden Grove in Southaven proves it.

23. Archived Article: Daily Digest - Agnes Place Apartments

Agnes Place Apartments

Financed for $3.4 Million

Agnes Place Apartments LP has financed the Agnes Place Apartments near North Hollywood Street, also known as Hawkins Mill, for $3.4 million, according to The Daily News...

24. Archived Article: Daily Digest - Budget committee OKs

Budget committee OKs

county furniture purchase

Two resolutions were approved by the countys budget and finance committee and will be included on todays Shelby County Commission agenda.

At its meeting Wednesday, the c...

25. Archived Article: Gov't Bott - A project that will close a gap on the north side of Court Square will be considered by the Design Review Board at its meeting Wednesday Court Square project would consolidate Burch Porter By KATHLEEN BURT The Daily News A project that would close a...