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Editorial Results (free)

1. Room for Growth -

Sardor and Gulam Umarov are used to fighting battles with seemingly long odds.

Between 2005 and 2009, the brothers waged a high-profile human rights campaign against the authoritarian government in their native Uzbekistan for the release of their father, Sanjar Umarov, a Germantown businessman thrown into prison for opposing the regime.

2. Cotton Council Apartments Sell for $6.1 Million -

1918 North Parkway
Memphis, TN 38112
Sale Amount: $6.1 million

Sale Date: Sept. 16, 2014
Buyer: Lynxco LLC
Seller: Cotton Council Apartments LLC
Details: Lynxco LLC, an affiliate of Rhodes College, has purchased the former National Cotton Council building on North Parkway in Midtown for $6.1 million. Rhodes intends to use it as student housing, according to the school’s website.

3. Mortarville to Memphis -

On the walls of his office at Hickory Ridge Middle School, principal Cedric Smith has a poster of an Iraqi flag. It’s from the time his Army reserve unit was called up in 2009 and stationed on a base that soldiers nicknamed “Mortarville” for how often it was hit by enemy shells.

4. Source: Horizon Under Contract To Be Purchased -

The Horizon, an uncompleted 16-story residential tower overlooking the Mississippi River on the southern end of Downtown, could change hands soon.

A yet-to-be-identified buyer is under contract to purchase the tower, according to sources familiar with the effort.

5. Carlisle Corp. Buys Sharky’s Property -

6201 Poplar Ave.
Memphis, TN 38119
Sale Amount: $2.9 million

Sale Date: July 29, 2014
Buyer: Wendelta Property Holdings LLC
Seller: Aaron Muschel
Details: An affiliate of Carlisle Corp. has paid $2.9 million for the recently closed Sharky’s Gulf Grill at 6201 Poplar Ave.

6. Carlisle Corp. Buys Sharky's Property -

An affiliate of Carlisle Corp. has paid $2.9 million for the recently closed Sharky’s Gulf Grill at 6201 Poplar Ave.

7. Richmond Honan Buys Quince Centre for $10 Million -

6555 Quince Road
Memphis, TN 38119
Sale Amount: $10.4 million
Sale Date: March 7, 2014

8. Patching Up Poplar -

Its narrow traffic lanes are unforgiving and its storm water drain grates make driving the outside lane a perilous endeavor.

Sidewalks disappear and resume from block to block, while street crossings for pedestrians are daunting even for the most determined and fleet-footed runner who has to navigate stoplights and traffic.

9. Oakhaven Warehouse Sells for $1.2 Million -

4300 Air Trans Road
Memphis, TN 38118
Sale Amount: $1.2 million

Sale Date: Dec. 17, 2013
Buyer: Chob Realty LLC
Seller: Tenn Trans LLC
Loan Amount: $950,000
Loan Date: Dec. 19, 2013
Maturity Date: N/A
Lender: BankPlus
Details: The 109,626-square-foot warehouse at 4300 Air Trans Road in Oakhaven has traded hands for $1.2 million.

10. Healthy Memphis Common Table Marks 10 Years of Promoting Health -

With a motto of “eat healthy, eat less and move more,” Healthy Memphis Common Table (HMCT) has made its mark in the local community during the past decade, encouraging the public to lead healthier lifestyles and to “get activated” with their health and health care options.

11. Higher Standards -

For area teachers, the move to the school year ahead began around spring break.

And for many teachers in both of the county’s public school systems, the merger wasn’t the central source of their anxiety. It was the coming of the state’s Common Core standards.

12. Three High Schools Host Common Core Training -

Three Shelby County high schools – Ridgeway, Southwind and Bartlett – will host the local part of the largest teacher training event in Tennessee history.

The schools and 14 others across the state will host sessions for 30,000 educators in the Common Core State Standards.

13. Three High Schools Host Common Core Training -

Three Shelby County high schools – Ridgeway, Southwind and Bartlett – will host the local part of the largest teacher training event in Tennessee history.

The schools and 14 others across the state will host sessions for 30,000 educators in the Common Core State Standards.

14. Safeways Crime Program Goes for Long Haul -

When Pierce Ledbetter, the CEO of LEDIC Management, signed up his company’s Autumn Ridge apartment complex for the federally funded Safeways anti-crime initiative in 2009, he was nervous.

And his apprehension was soon borne out as residents in the crime-ridden apartment complex reacted to the new regime of police cameras and stricter regulations on trespassers and unannounced visitors.

15. Countywide Board Approves Realignments -

When the first school year of the consolidated school system begins Aug. 5, the new school system will open its first new school.

And most of what are now city and county schools will have the same grade structures for elementary, middle and high schools.

16. Crowne Plaza Hotel Sells Out of Foreclosure -

300 N. Second St. Memphis, TN 38103

Sale Amount: $9.4 million

Sale Date: Dec. 28, 2012

17. Highpoint Church Buys Briarcrest’s East Memphis Campus -

After seven years of leasing space for its worship services, Highpoint Church has acquired Briarcrest Christian School Systems Inc.’s property at 6000 Briarcrest Ave. for $7.25 million.

18. Medical Office Sector Enters Transitional Period -

As the trend for health care mergers intensifies, the city’s medical office market evolves, with some private practices consolidating into hospital systems and others relocating to better serve their patients.

19. MED Files $1.3 Million Permit for Improvements -

877 Jefferson Ave. Memphis, TN 38104

Permit Cost: $1.3 million

Project Cost: TBA

20. Company Files Loans on Hickory Hill Complexes -

Philadelphia-based real estate investment company Resource Real Estate has filed trust deeds on The Woods at Ridgeway and Waterstone Landing apartment complexes in Hickory Hill.

Both loans were filed Sept. 27 through Berkadia Commercial Mortgage LLC. Resource Real Estate executive vice president Kevin Finkel signed both loans.

21. Faith-Based Memphis Org Buys Hickory Hill Apts. -

The Memphis-based nonprofit Global Ministries Fellowship has bought the 348-unit Arbors of Hickory Ridge Apartments on Knight Arnold Road for $10 million from Fairfield Arbors LLC, a California company.

22. Three-in-One -

Highwoods Properties Inc. is about two weeks away from completing more than $1 million in parking lot renovations and building improvements at the East Memphis office complex Triad Centre, bringing its three developments into a cohesive, campus-style environment.

23. MBA Young Lawyers Division Awarded for Service -

A public service project spearheaded by the Memphis Bar Association Young Lawyers Division was so impressive that the group of attorneys took home a first-place “Service to the Public” award and was recognized for “outstanding activities” at the American Bar Association’s annual meeting this month.

24. ‘Modified and Decreased’ -

The Memphis condominium market is hoping to gain some positive momentum through the rest of this year thanks to historically low interest rates and decreasing condo supply across the city.

Condo sales in the Memphis area in 2011 are down 27 percent compared to 2010, with 310 sales through July this year versus 422 sales in the same time during 2010, according to real estate information company Chandler Reports, www.chandlerreports.com.

25. The Burger Joint Joins Ridgeway Trace -

Another national burger chain is setting up shop locally, except this one selected Memphis as its entrance into the Tennessee market.

BGR The Burger Joint is the latest tenant to join Ridgeway Trace Center, the 347,358-square-foot development at Poplar Avenue and Interstate 240 anchored by Target, Best Buy, PetSmart and Sports Authority.

26. Former French Village Apts. Sell for $2.8 Million -

4055 Summer Ave.
Memphis, TN 38122
Sale Amount: $2.8 million

Sale Date: June 30, 2011

27. Local Captain D's Franchisee Files for Bankruptcy -

On Thursday, May 26, SONFISH LLC, 5858 Ridgeway Center Parkway, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court, Western District of Tennessee.

28. Ridgeway Trace’s Success Fills ‘Huge Void’ -

A dramatic change to the retail landscape in East Memphis began in February of 2005 with one phone call.

Danny Buring, managing partner of The Shopping Center Group, made that call to the owner of the Ridgeway Trace Apartments, located on the southeast corner of Poplar Avenue and Interstate 240.

29. Local Students Design Future Record Stores -

Record stores may evolve into community gathering centers, according to middle school students and those in the business.

Students at Ridgeway Middle School made surprisingly astute predictions about the future of a product with which most are largely unfamiliar.

30. Blackwell Shines in Career and Community -

Vicki Blackwell is the multifaceted vice president of Crye-Leike Realtors Inc. who excels in her career and in the community.

31. SRVS Files Construction Loan for New Headquarters -

3971 Knight Arnold Road
Memphis, TN 38118
Loan Amount: $3.3 million

Loan Date: March 22, 2011
Maturity Date: n/a
Borrower: Shelby Residential and Vocational Services Inc.
Lender: First Tennessee Bank NA

32. Former Captive Journalist to Speak Thursday -

Roxana Saberi, an award-winning journalist who was imprisoned for 100 days in Iran, will lead a community conversation Thursday at 7 p.m. at Hutchison School, 1740 Ridgeway Road.

33. Ripples From Stanford Scheme Still Felt in Memphis -

The court-appointed receiver who’s unwinding the now-defunct operations of Stanford Financial Group – once fueled by money from a giant Ponzi scheme – is preparing to sell off Stanford property in Collierville.

34. Ripples From Stanford Scheme Still Felt in Memphis -

The court-appointed receiver who’s unwinding the now-defunct operations of Stanford Financial Group – once fueled by money from a giant Ponzi scheme – is preparing to sell off Stanford property in Collierville.

35. Eastgate Sells for $31.5 Million -

The Eastgate Shopping Center on Park Avenue in East Memphis has sold to a Dallas-based entity for $31.5 million from Belz Enterprises Inc., according to documents filed with the Shelby County Register of Deeds.

36. Eastgate Sells for $31.5 Million -

The Eastgate Shopping Center on Park Avenue in East Memphis has sold to a Dallas-based entity for $31.5 million from Belz Enterprises, according to documents filed with the Shelby County Register of Deeds.

37. Loeb Buys Park Place for $10.3M -

Loeb Properties Inc. has bought Park Place Centre from Belz Enterprises Inc. for $10.3 million – the biggest retail transaction of the year.

38. Loeb Buys Park Place for $10.3M -

Loeb Properties Inc. has bought Park Place Centre from Belz Enterprises Inc. for $10.3 million – the biggest retail transaction of the year.

39. Three Popular Restaurants Undergo Notable Changes -

In 2008 and 2009, restaurant news tended to be depressing because it usually involved restaurants that were closing, sometimes old favorites.

Today’s news, however, deals with moves and additions.

40. Despite Slight Uptick, March Numbers Show Struggling Market -

Shelby County’s commercial real estate market is doing what it can to hold steady amid a crumbled economy.

March saw 53 CRE sales, a 4 percent increase from 51 sales in March 2009 and 61 percent increase from 33 in February, according to the latest information from real estate information company Chandler Reports, www.chandlerreports.com.

41. Memphis College of Art Files Permit for South Main Building Renovation -

477 S. Main St.
Memphis, TN 38103
Permit Amount: $2.2 Million

Project Cost: $3 million
Permit Date: Applied April 2010
Completion: Fall 2010 (Phase I)
Owner: Memphis College of Art
Tenant: Memphis College of Art
Contractor: Montgomery Martin Contractors LLC
Architect: Askew Nixon Ferguson Architects

42. Former Orgill Distribution Center Sold Following Foreclosure -

2108 Latham St.
Memphis, TN 38109
Sale Amount: $2.5 Million

Sale Date: March 9, 2010
Buyer: NW-2100 Latham Street LLC
Seller: Bradley Ottinger, trustee

43. Three Cops Indicted In Nightclub Payoff Case -

Three Memphis police officers arrested on federal bribery, extortion and conspiracy charges have been indicted by a federal grand jury.

Lt. Timothy Green and patrol officers Christopher Crawford and Michael Young are now charged in a 53-count indictment with theft or bribery, extortion and conspiracy.

44. UPDATE: Three Cops Indicted In Nightclub Payoff Case -

Three Memphis police officers arrested on federal bribery, extortion and conspiracy charges have been indicted by a federal grand jury.

Lt. Timothy Green and patrol officers Christopher Crawford and Michael Young are now charged in a 53-count indictment with theft or bribery, extortion and conspiracy.

45. Smith & Nephew Closes Deal On Former Harrah’s Office Building -

7216 Goodlett Farms Road
Unincorporated Shelby County
Sale Amount: $14 Million

Sale Date: Jan. 13, 2010
Buyer: Smith & Nephew Inc.
Seller: Harrah’s Operating Co. Memphis LLC

46. Facelift Planned for Colonial Target -

A popular but aged East Memphis shopping destination is finally getting a much-needed makeover.

Minneapolis-based Target Corp. has filed a $2.5 million building permit with the city-county Office of Construction Code Enforcement to renovate and slightly expand its 30-year-old, 122,857-square-foot store at 601 Colonial Road in the East Central/Poplar Perkins area of East Memphis.

47. Sale Could Bring Improvements To Bella Vista -

Like many projects companies launched before the recession hit, the plan for rejuvenating the 432-unit Bella Vista Apartment Homes in Hickory Hill began with such promise.

In March 2007, a newly formed company, Maple Creek Advisors LLC of Dallas, made its first multifamily acquisition with plans to invest $4 million of renovations in the property.

48. Byrd Joins Wyatt’s Health Care Service Team -

Robert C. Byrd Jr. recently joined Wyatt, Tarrant & Combs LLP as a member of the firm’s Health Care Service team. He focuses his practice on health care and litigation.

49. Renal Company Sells Clinic, Leases It Back From New Owner -

4185 Pace Road
Memphis, TN 38116
Sale Amount: $2 Million

Sale Date: Dec. 17, 2009
Buyer: BanBan South Memphis LLC
Seller: RAI II LLC
Loan Amount: $1.5 million
Loan Date: Dec. 15, 2009
Maturity Date: March 7, 2011
Lender: First Security Bank

50. Owner Files $2.3M Loan On Retail Center -

The owner of the Kirby Gate shopping center in the Quince/Ridgeway area on Dec. 16 filed a $2.3 million loan through Trustmark National Bank against a portion of the property.

51. In-Rel Buys Former Comcast Building, Renames it “Quince Centre” -

6555 Quince Road
Memphis, TN 38119
Sale Amount: $5 million
Sale Date: Dec. 7, 2009

Buyer: 6555 Quince Building Owner LLC
Seller: BACM 2000-2 Quince Road LLC
Loan Amount: $3.1 million
Loan Date: Dec 7, 2009
Maturity Date: N/A
Lender: Insbank

52. In-Rel Closes On Quince Office Building -

In-Rel Management Inc. has bought the 123,924-square-foot office building at 6555 Quince Road in the Quince/Ridgeway area of Southeast Memphis for $5 million in a special warranty deed.

53. Migliara Buys Summer Avenue Retail Center from Las Vegas Owner -

6343 U.S. 70 (Summer Ave.)
Memphis, TN 38134
Sale Amount: $1.2 Million

Sale Date: Nov. 25, 2009
Buyer: Lawrence Migliara
Seller: Biz Point Property Group LLC
Loan Amount: $1.2 million
Loan Date: Nov. 25, 2009
Maturity Date: Dec. 5, 2014
Lender: Trustmark National Bank

54. Q3 Multifamily Occupancy, Absorption Rates Improve -

The Memphis multifamily market fared well during the third quarter amid a difficult economy, as occupancy rates and absorption improved, according to the latest data from CB Richard Ellis Memphis.

55. New Owner Hopes to Improve Apartment Complex -

Philadelphia-based Resource Real Estate Inc. has pulled the trigger on Shelby County’s third-largest commercial real estate deal of the year, paying $9.5 million for the Wyndridge Apartments in a special warranty deed.

56. Barboro Flats Developer To Begin Second Phase -

100 S. Main St.
Memphis, TN 38103
Permit Amount: $8 Million
Project Cost: $18.2 million
Permit Date: Applied July 2009
Completion: Summer 2010
Owner: 100 South Main Partners
Tenant: TBA
Contractor: Montgomery Martin Contractors LLC
Architect: Looney Ricks Kiss Architects Inc.

57. Office Building Fetches $5M in Foreclosure Sale -

The Class A office building at 6555 Quince Road in the Quince/Ridgeway area of East Memphis sold June 19 for $5 million on the steps of the Shelby County Courthouse in a substitute trustee’s deed.

58. Georgia Co. Buys U of M-Area Senior Nursing Facility -

3549 Norriswood Ave.
Memphis, TN 38111
Sale Amount: $7.3 Million

Sale Date: May 11, 2009
Buyer: FC Highlands LLC
Seller: Wesley Highland Nursing Homes Inc.
Loan Amount: $9.4 million
Loan Date: May 11, 2009
Maturity Date: N/A
Lender: First Bank

59. Tabor Orthopedics to Renovate Newly Purchased Office Building -

1244 Primacy Parkway
Memphis, TN 38119
Permit Amount: $1.5 Million

Project Cost: $1.5 million
Permit Date: Applied April 2009
Completion: October 2009
Owner: Primacy Partners LLC
Tenant: Tabor Orthopedics
Contractor: Grinder, Taber & Grinder Inc.
Architect: Archimania

60. International Film Fest Readies for 10th Year -

The 2009 “On Location: Memphis International Film Festival” will screen 100 films Thursday through Sunday at Malco’s Ridgeway Four, 5853 Ridgeway Parkway.

61. Tabor Files Permit To Remodel New Office -

Tabor Orthopedics has filed a $1.5 million permit application with the city-county Office of Construction Code Enforcement to perform an “interior and exterior remodel” of its recently acquired property at 1244 Primacy Parkway in the Quince/Ridgeway area of East Memphis.

62. $2M Retail Center to Rise Near Rose Complex -

A $2 million retail center – co-anchored by a gas station/convenience store and a Subway restaurant with a detached automated car wash – will rise soon at 4356 Forest Hill-Irene Road in Southeast Memphis, the project’s developer confirmed last week.

63. John Daly’s Home Foreclosed, Sold on Courthouse Steps -

9844 Legends Drive
Germantown, TN 38139
Sale Amount: $1.2 Million

Sale Date: Feb. 5, 2009
Buyer: Regions Bank
Seller: J. Phillip Jones, Substitute Trustee

64. Events -

Westminster Academy will host a mini-open house for parents of prospective students today from 10 a.m. to 11 a.m. at its campus, 2500 Ridgeway Road. Parents will have the opportunity to tour the campus and learn about Westminster’s educational opportunities. Westminster offers classical Christian education for kindergarten through 12th grade. For more information, call 380-9192 or visit www.wamemphis.com.

65. Target Sales Slip in January, Memphis Situation Unclear -

MINNEAPOLIS (AP) – Target Corp. reported Thursday that same-store sales fell 3.3 percent in January as consumers continued to pull back on their spending amid the recession.

66. 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

67. Aldi Inc. Buys Land For Collierville Store -

523 W. Poplar Ave.
Collierville, TN 38017
Sale Amount: $1 Million

Sale Date: Nov. 25, 2008
Buyer: Aldi Collierville LLC
Seller: Martin and Mildred Tippit

68. Warren Named Bursar At University of Memphis -

Carol Warren has accepted the position of bursar in the Division of Business & Finance at the University of Memphis. Warren is a graduate of the University of Memphis and has experience in student financial service operations working for the U of M previously as the assistant bursar. Before joining the university, Warren spent several years in the Loan Division at First Tennessee Bank.

69. Events -

The Alliance for Nonprofit Excellence will host “Telling Your Story: Communications for Nonprofits” today from 8:30 a.m. to 12:30 p.m. at The Assisi Foundation of Memphis Inc., 515 Erin Drive. For registration and cost information, visit www.npexcellence.org, call 684-6605 or e-mail adeberry@npexcellence.org.

70. Events -

Baker, Donelson, Bearman, Caldwell & Berkowitz PC will host a roundtable discussion titled “Trademark Law vs. the Internet” today from 11:30 a.m. to 1 p.m. at Baker Donelson’s office, 165 Madison Ave, 20th floor. The event is free and lunch will be provided. For more information or to register, contact Nicolette Bethel at 577-2328 or nbethel@bakerdonelson.com.

71. Boyle Files Permit For SunTrust Installation -

SunTrust Banks Inc. has taken another step in its move to East Memphis.

Boyle Investment Co., operating as Boyle 999 Shady Grove LLC, has filed a $1.9 million application for permit with the city-county Department of Construction Code Enforcement to complete tenant installation for SunTrust at Boyle’s 155,000-square- foot office building at 999 S. Shady Grove Road.

72. Jo-Ann Fabric, Dollar Tree Coming to Centennial Commons -

7746 and 7686 Polo Grounds Blvd.
Memphis, TN 38125
Permit Amounts: $1.1 Million and $360,000

Project Cost: $1.5 million
Permit Date: Applied April 2008
Completion: TBA
Owner: Michael Lightman Realty Co.
Tenants: Jo-Ann Fabric and Craft Stores and Dollar Tree Stores Inc.
Contractor: Linkous Construction Co. Inc.
Details: Michael Lightman Realty Co. has filed two more permits for construction on the 250,000-square-foot Centennial Commons shopping center on Polo Grounds Boulevard., north of Winchester Road, east of Tenn. 385 and south of Callis Cutoff Road. Lightman will build stores for Jo-Ann Fabric and Craft Stores and Dollar Tree Stores Inc., with construction beginning in the next two weeks and finishing later in the year, said Michael Lightman Jr. Those two retailers will join JCPenney and Dick’s Sporting Goods; construction already has begun on those stores.
Lightman said the shopping center has room for more tenants, but he will wait for users and build stores to suit. He is targeting additional retail shops for the remaining space, looking for holes in the busy 385/Winchester/Hacks Cross area. “We’re trying to meet all needs,” he said. “It’s going to be very nice.”
Lightman said Centennial Commons’ first openings should occur in October. “JCPenney will be open sooner, but they’re a little bit ahead of everybody else,” Lightman said. Centennial Commons is part of the 300-acre Centennial Park project, which Michael Lightman Realty Co. has been developing for a decade. Centennial Park includes retail stores, medical offices, restaurants, a hotel and apartments.

73. Target Files Permit to BuildRidgeway Trace Store -      Target Corp. has filed a $6 million application for permit to build a store at 5959 Poplar Ave. in the 26-acre Ridgeway Trace retail development near Interstate 240. Target's store will sit on 10 acres of the site, forme

74. Target to Anchor Ridgeway Trace -

Ridgeway Trace Center scored a major tenant last week when Weingarten Realty Investors announced that Target will build an anchor store at the 26-acre, 335,000-square foot retail development at 5963 Poplar Ave. near Interstate 240.

75. SunTrust To Cut 2,400 Jobs Nationally To Trim Costs -

ATLANTA (AP) - SunTrust Banks said Monday it will cut roughly 2,400 jobs, more than 7 percent of its total work force, by the end of next year.

The company, which said it doesn't expect its sales to be affected by the move, will incur a pretax, one-time charge of $45 million in the third quarter of this year to cover costs associated with the job cuts.

76. Boyle Files $24M LoanTo Build SunTrust Site -      Boyle Investment Co. has filed a $24 million construction loan for the 155,000-square-foot office building that will house consolidated offices for SunTrust Banks Inc. Boyle filed the loan under the name Boyle 999 Shady

77. SunTrust BanksConfirms Eastward Move -      SunTrust Banks Inc. has confirmed the company plans to move from its 170,000-square-foot space in One Commerce Square in Downtown Memphis.
     The Atlanta-based bank has announced plans to

78. SunTrust Bank's Possible Move Up For Discussion - Again -
     SunTrust Banks Inc. is leaving its 170,000-square-foot space in One Commerce Square at Main Street and Monroe Avenue to move into a 75,000- to 90,000-square-foot space in Ridgeway Center, an office park at Poplar Av

79. Archived Article: Real Review - Lexington Corporate Properties inks Lexington Corporate inks new lease with Mimeo.com Lexington Corporate Properties Trust, a real estate investment trust, has entered into new lease agreements for three of its properties. The properties are located...