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Editorial Results (free)

1. I-Bank Grows in Namesake East Memphis Office Tower -

Independent Bank has expanded its headquarters at I-Bank Tower to primarily accommodate its Mortgage Lending Division.

2. 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.

3. Blues City Brewery Buys Hardy Bottling -

5151 E. Raines Road
Memphis, TN 38118
Sale Amount: $10 million

Sale Date: May 2, 2011
Buyer: Blues City Brewery LLC
Seller: Chism Hardy Enterprises LLC

4. Cordova Shopping Center Sells in Foreclosure -

8195 Dexter Road LLC, an affiliate of Hillsboro, Ore.-based StanCorp Mortgage Investors LLC, has acquired a strip shopping center at 8195 Dexter Road in Cordova via a foreclosure sale. The original borrower was Old Forest Properties GP, who borrowed $1.8 million from Standard Insurance Co. in December 2008.

5. Louis Dreyfus Buys Kentucky Drive Warehouse -

2514 Kentucky Drive
Memphis, TN 38106
Sale Amount: $2.4 million

Sale Date: Dec. 28, 2010
Buyer: Louis Dreyfus Commodities Memphis Warehousing LLC
Seller: Westside Compress Co. Inc.

6. Cordova Shopping Center Sells for $1.8 Million -

Old Forest Properties GP has sold a strip shopping center at 8195 Dexter Road to 8195 Dexter Road LLC for $1.8 million. The sale document states it is a non-merger deed in lieu of foreclosure.

7. Realty Company Owner Files Ch. 7 Bankruptcy -

Mallard Creek Realty Inc. owner Stanley Holmes has filed for Chapter 7 bankruptcy.

8. Re/Max Owner Under Fire -

Re/Max of Kentucky/Tennessee Inc. has filed a breach of franchise agreement complaint against Stan Holmes, his realty company and the four Re/Max franchises he operated in the Memphis area, for a litany of unpaid fees plus penalties and other costs.

9. Re/Max Offices to Close by Sunday -

The realty offices of Re/Max on the River and Re/Max at Mallard Creek will close Sunday, further proof that the slumping real estate market continues to claim casualties.

Carol Lott, broker-owner of Re/Max on the River, Monday confirmed the closures. She co-owns that office with Stan Holmes, who is the owner-broker of Re/Max at Mallard Creek.

10. Archived Article: Calendar - Calendar of events Nov Calendar of events Dec. 10-Dec. 16 Dec. 10 The Memphis Brooks Museum of Art displays the Art of Warner Bros. Cartoons, an exhibition of original artwork from the world of Looney Tunes and Merry Melodies through Jan. 13. Visito...

11. Archived Article: Real Briefs - Crye-Leike Realtor Kathy McMath was named 2002 president of the Tennessee Chapter of the Graduate Realtor Institute a recent a

Mortgage Bankers Association of America reported applications for refinances last week fell almost 15 percent from the ...