Two Centennial Crossing Parcels Face Foreclosure
The owners of two parcels in the Centennial Crossing shopping center in Southeast Shelby County have defaulted on a loan and are facing foreclosure.
MLC Investors LLC (56.08 percent interest), EJP Investors LLC (38.71 percent) and EK Investors LLC (5.21 percent interest) defaulted on their $5.8 million loan through IXIS Real Estate Capital Inc. dated Nov. 17, 2006, according to a first-run foreclosure notice in the Tuesday, July 1, edition of The Daily News.
The companies paid $8.1 million for the properties at the same time from Belz/Southbluffs Inc., Belz Investco GP, Belz/HC Partnership, Michael A. Lightman.
Per newspaper policy, calls to the parties involved, such as the property owner, deed holder or trustee, are prohibited until the notice is published.
R. Spencer Clift III of Baker, Donelson, Bearman, Caldwell & Berkowitz PC has been named substitute trustee and will hold a foreclosure sale July 25.
Built in 2002 at the southwest corner of Winchester and Hacks Cross roads, the larger parcel is at 7915 Winchester Road in Centennial Crossing. It sits on 4.3 acres and had a 2013 appraised value of $4.1 million, according to the Shelby County Assessor of Property.
The portion of the center facing foreclosure includes Michael’s arts and crafts store, space to the right of Michael’s that includes a Dilday TV and other tenants.
The other property is a 0.9-acre outparcel on Winchester Road that includes a Starbucks, a dry cleaners and a Verizon Wireless store. Its 2013 appraisal was $953,100.
Other tenants in the 430,000-square-foot Centennial Crossing that are not part of the parcels in default include Lowe’s home improvement store, PetSmart and Sportsman's Warehouse.
Source: The Daily News Online & Chandler Reports
– Daily News staff
Brooks’ Residency Hearing Delayed in Chancery Court
A Shelby County Chancery Court hearing on the residency lawsuit filed by County Commissioner Henri Brooks against the commission was delayed Monday, June 30, before Chancellor Walter Evans.
Brooks’ challenge of the attempt by some on the commission to declare her seat vacant was assigned by Chancellor Kenny Armstrong, who was out of town Monday.
Evans said Armstrong could choose to recuse himself from hearing the case because of a conflict of interest. Chancellors are also elected officials.
If Armstrong opts not to hear the matter and Evans as well as Chancellor Arnold Goldin also recuse themselves, the matter could go to a Circuit Court judge. Those judges are also elected and could opt to recuse themselves.
In that case, the chief justice of the Tennessee Supreme Court could appoint a civil court judge outside Shelby County to hear the matter.
Brooks is seeking a restraining order that bars the commission from voting Monday, July 7, on a resolution that would declare her seat vacant because of a county attorney’s report that concluded Brooks does not live in the district she has represented for the last eight years.
Brooks contends she does live in the district but at a different address. She has two months left in her term of office.
– Bill Dries
Sammy Hagar to Open Southland Park Restaurant
Southland Park Gaming and Racing has announced that rocker Sammy Hagar will bring his latest restaurant concept, Sammy Hagar’s Red Rocker Bar & Grill, to the Memphis area.
The 150-seat sports bar will open in October when the $37.4 million expansion and redesign is finished. The restaurant, the latest in Hagar’s empire, will offer classic bar food and will be the first to carry Hagar’s nickname of “The Red Rocker.”
Southland’s expansion and redesign, started at the beginning of the year, is intended to make Southland a leading gaming destination and entertainment complex for the Memphis area.
– Andy Meek
Rizzo’s to Help Raise Funds for Crisis Center
The Memphis Crisis Center and Rizzo's Diner at 106 G.E. Patterson Ave. are partnering for a monthly event to raise funds for the 24-hour hotline for people in emotional distress.
“Less to Wine About Wednesdays” will be held on the second Wednesday of every month. The restaurant, which has been featured on Food Network, will give 25 percent of the day’s proceeds to the Memphis Crisis Center.
The first event on June 11 raised more than $500. The next two will be held July 9 and August 13. Memphis Crisis Center volunteers handled nearly 19,000 crisis calls last year, including 1,300 suicide calls, according to the center’s executive director, Mike LaBonte.
The University of Tennessee Health Science Center partners with the Memphis Crisis Center, providing its call center, training facility and administrative offices on the UTHSC campus.
For more information, visit memphiscrisiscenter.org or call 649-8572.
– Don Wade
University of Memphis Names Carrier Assistant Athletic Director
Thomas Carrier, a two-time alumnus of the University of Memphis with more than 10 years of experience in the facility management industry, has been named assistant athletic director for events and facilities.
Carrier will serve as the game administrator for all Tiger home athletic events. He will function as the onsite contact for the university’s on-campus athletic facilities and will serve as the official liaison between the athletic department and off-campus facilities, including FedExForum, Liberty Bowl Memorial Stadium and the Mike Rose Soccer Complex.
In his new position, he will also play a key role in oversight and planning of new athletic facilities projects.
Carrier joins the University of Memphis Athletic Department after nine years in event operations at FedExForum and working for the Memphis Grizzlies. He began his career with a two-year internship in event services for SMG and The Pyramid.
In his final role at FedExForum, Carrier managed all coordination for arena events. He administered facility projects, coordinated internal facility usage and had oversight of building conversions.
This past spring, Carrier was the facility manager for the inaugural American Athletic Conference men’s basketball championship and the NCAA Division I Men’s South Regional.
– Don Wade
Tigers’ Ifedi Receives Athlon Recognition
University of Memphis senior defensive end Martin Ifedi has been named to Athlon Sports’ preseason American Athletic Conference first-team. He was one of five Memphis players recognized by the preseason publication.
Memphis senior Joe Craig was recognized as a second-team specialist as a kickoff returner. Senior cornerback Bobby McCain was named to the third team on defense. Sophomore place kicker Jake Elliott and punt returner Keiwone Malone were third-team specialists.
Ifedi enters his senior season on the verge of setting the school record for quarterback sacks. He ranks second all-time at Memphis with 20 during his career, one shy of the school record. Last year, Ifedi was named to the American Athletic Conference Team after leading Memphis’ defensive linemen in tackles, finishing with 52 stops including 14.5 for lost yardage (-73 yards) and 11.5 quarterback sacks (-62 yards).
– Don Wade
Haslam Signs Agreement to Protect Dairy Industry
Gov. Bill Haslam has signed an agreement with eight other states to protect the dairy industry in the event of an outbreak of hoof and mouth disease.
According to the state Agriculture Department, the agreement is called the Secure Milk Supply Plan. It sets standards by which milk producers, haulers and processors interact with animal health authorities to reduce the risk of spreading hoof and mouth disease in the event of an outbreak.
Although the disease has not been seen in the U.S. since 1929, outbreaks occur every year in other countries and the disease could easily be introduced through international trade.
For more information on the Secure Milk Supply Plan and opportunities to learn more about it, contact the State Veterinarian's Office at 615-837-5120.
– The Associated Press