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Editorial Results (free)

1. New York Co. Buys Medical Office Buildings -

1333 Poplar Ave.
Memphis, TN 38104
Sale Amount: $2.9 million

Sale Date: Aug. 26, 2011

2. New York Investment Cos. buy Medical Offices -

A pair of related New York-based limited liability companies has bought two Memphis medical office buildings from related St. Louis entities.

ARC RNMPHTN001 LLC bought a medical office building at 1333 Poplar Ave. from St. Louis-based BanBan Midtown Memphis LLC for $2.9 million.

3. Commercial Sales Close 2009 on High Note -

Shelby County’s commercial real estate market saved its best for last in 2009, as the final month registered the highest sales total and largest dollar volume all year.

Not only that, but December marked the first year-over-year increase for a month during 2009 and the first year-over-year increase for a month since December 2007.

4. New York Company Buys 158-Unit Greenview Estates in Raleigh -

4650 Hedges Drive
Memphis, TN 38128
Sale Amount: $3 Million

Sale Date: Dec. 17, 2009
Buyer: Greenview Estates LLC
Seller: Greenview Townhomes LLC
Loan Amount: $2.1 million
Loan Date: Dec. 17, 2009
Maturity Date: N/A
Lender: Bloomfield Institutional Opportunity Fund LLC

5. Renal Co. Completes Second Sale-Leaseback -

RAI II LLC, a local affiliate of Nashville-based Renal Advantage Inc., has sold its renal clinic at 1333-1341 Poplar Ave. in Midtown for $2.6 million to IPX Development 124 LLC, a company related to the St. Louis-based 1031 tax-deferred exchange qualified intermediary IPX Exchange Services Inc. The deal closed Dec. 30.

6. 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

7. Whitehaven Clinic Sold, Leased Back by Renal Co. -

RAI II LLC, a local affiliate of Nashville-based Renal Advantage Inc., has sold its recently completed renal clinic at 4185 Pace Road in Whitehaven for $1.5 million to a St. Louis company called BanBan South Memphis LLC. The sale closed Dec. 17.