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Editorial Results (free)

1. NuVasive Receives 11-Year PILOT, Will Invest $116 Million -

Medical device company NuVasive Inc. has been approved for an 11-year tax incentive that will allow them to invest $116 million into their southeast Memphis facility and create 15 net new jobs.

2. Trader Joe’s Developer Seeks $2.5M Permit -

2130 Exeter Road, Germantown, TN 38138 • Permit Amount: $2.5 million 

Future Tenant: Trader Joe’s 

Developer: CAP Germantown LLC

3. Construction Loan Filed To Develop Lamar Crossing -

2881 Lamar Ave.
Memphis, TN 38114

Loan Amount: $5.4 million

Loan Date: March 1, 2012

4. Federal, State Tax Liens Up In County -

Interim Shelby County mayor Joe Ford, now the Democratic nominee for mayor in the fall general election, garnered attention last year for his personal financial woes.

5. NuVasive Files Permit to Renovate Southeast Memphis Facility -

4670 E. Shelby Drive
Memphis, TN 38118
Permit Amount: $1.6 Million

Project Cost: $1.6 million
Permit Date: Applied February 2010
Completion: TBA
Owner: NuVasive Inc.
Tenant: NuVasive Inc.
Contractor: Montgomery Martin Contractors LLC
Architect: Looney Ricks Kiss Architects Inc.

6. NuVasive Files Permit To Renovate Facility -

NuVasive Inc. has filed a $1.6 million permit application with the city-county Office of Construction Code Enforcement to renovate its building at 4670 E. Shelby Drive in the Oakhaven/Village Parkway area.

7. Troubled Frayser Apartment Complexes Land New Owner -

3081 St. Charles Drive
and 931 Frayser Blvd.
Memphis, TN 38127

Sale Amount: $2.2 Million
Sale Date: July 22, 2009
Buyer: Group 40 LLC
Seller: Whitney Frayser Manor Memphis LLC
Loan Amount: $1.5 million
Loan Date: July 21, 2009
Maturity Date: July 1, 2012
Lender: Madison Realty Capital LP

8. Westwood Shell Sold After Foreclosure -

The Shell gas station and convenience store at 4670 U.S. 61 (S. Third St.) in Westwood sold Aug. 3 for $1.1 million to the lender, BLX Capital Real Estate LLC, in a trustees’ sale. BLX Capital, which lists a Charlotte, N.C., address, foreclosed on the previous owner.