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Editorial Results (free)

1. Renovations Begin at Pinnacle Headquarters -

40 S. Main St.
Memphis, TN 38103
Permit Amount: $8.7 Million

Project Cost: $8.7 million
Permit Date: Applied February 2011
Owner: Memphis Commerce Square Partners
Tenant: Pinnacle Airlines Corp.
Contractor: Grinder, Taber & Grinder Inc.

2. Mississippi LLCs Finance Three Self-Storage Sites -

Three limited liability companies affiliated with Gulfport, Miss.-based Tellus Equity GP have financed self-storage facilities the LLCs bought last year. All the loans were taken out through Standard Insurance Co. with a maturity date in March 2036.

3. DriveTime Car Sales Buys Former Bud Davis Dealership -

2177 Covington Pike
Memphis, TN 38128
Sale Amount: $1.3 million

Sale Date: Aug. 13, 2010
Buyer: DriveTime Car Sales Co. LLC
Seller: First Tennessee Bank NA

4. Mississippi Company Buys Storage Facility on Raines -

A Gulfport, Miss., company has bought a third self-storage facility, this one at 6504 Raines Road near the northwest corner of Kirby Parkway and Raines Road.

5. Methodist Le Bonheur Healthcare Buys Sutherland Cardiology Clinic -

7460 Wolf River Blvd.
Germantown, TN 38138
Sale Amount: $13.3 Million

Sale Date: July 1, 2010
Buyer: Methodist Healthcare-Memphis Hospitals
Seller: The Sutherland Cardiology Clinic Rental Co. LLC

6. Mississippi Co. Buys Two Self-Storage Facilities -

A Gulfport, Miss.-based company has bought two Memphis self-storage facilities for a total $2.9 million.

Northwest and Southern Self Storage Partnership sold its facility at 3891 Thomas St. to TSRE III Northwest LLC for $1.5 million. The purchase was financed with a $1.1 million loan through Virtus Storage Investment III LP. The same seller sold its 4740 Getwell Road facility to TSRE III Southern LLC for $1.4 million. It was financed through Virtus for $1 million.

7. Commercial Real Estate Slump Continues -

The start of spring brought the first sign of hope in the commercial real estate market.

But while March sales showed a decent gain over the previous month, the numbers were significantly down compared to the same month a year ago.

8. World Overcomers Buys Hickory Ridge Mall Macy’s -

6001 Winchester Road
Memphis, TN 38115
Sale Amount: $1 Million

Sale Date: Feb. 26, 2009
Buyer: World Overcomers Outreach Ministries Inc.
Seller: Macy’s Retail Holdings Inc.

9. Storage Portfolio Sells for $2.4 Million -

A collection of limited liability companies called the Northwest and Southern Self Storage Partnership has bought two self-storage facilities for $2.4 million from 4Guys LLC, which developed the properties in the 1990s. The portfolio includes the Southern Self Storage facility at 4740 Getwell Road in the Oakhaven/Parkway Village area and the Northwest Self Storage facility at 3891 Thomas St. in Frayser.