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Editorial Results (free)

1. G&I Sells 2 Multifamily Sites For Combined $55.8 Million -

160 Madison Farms Drive
Collierville, TN 38017

Sale Amount: $32 million

Sale Date: June 20, 2012

2. Madison at Schilling Farms Sells for $32 Million -

Arenda Capital Management, a Los Angeles-based private real estate investment firm, has bought the 324-unit Madison at Schilling Farms apartment complex in Collierville for $32 million.

Arenda, working under the name Madison 324 LLC, closed on the purchase from G&I IV Madison LP on Wednesday, June 20. G&I is a joint venture between New York-based investment advisor DRA Advisors LLC and Memphis’ Fogelman Properties.

3. Events -

Visible Music College will hold the seventh annual 24-Hour Drumathon beginning at 10 a.m. Friday, Oct. 21. The entire percussion department will drum for 24 hours at the Ann and Jim Vining Concert Hall, 200 Madison Ave. The event will raise money for Visible Music College drummers to attend the Percussive Arts Society International Convention in Indianapolis. The Drumathon will be broadcast live online, To donate, watch streaming video or request a song, visit www.drumathon.com.

4. Smith & Nephew Sues Former Employees -

Smith & Nephew has raced to contain any damage from a scheme the company said it recently interrupted that involved nine former employees who allegedly planned to resign together, start their own company and benefit from company trade secrets.

5. Events -

Friends of the Library will hold a two-day book sale Friday and Saturday from 10 a.m. to 5 p.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave. More than 15,000 books and materials will be on sale. For more information, call 415-2700.

6. Events -

The Madison Hotel will host Sunset Atop the Madison Thursday from 5:30 p.m. to 10 p.m. on the hotel’s rooftop, 79 Madison Ave. The event will include a live performance by Joyce Cobb, a cash bar and a rooftop terrace menu. Admission is $7. For more information, call 333-1200.