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Editorial Results (free)

1. Summit Distribution Center Sells for $21.6 Million -

5155 U.S. 78
Memphis, TN 38118

Sale Amount: $21.6 million

Sale Date: Oct. 21, 2015

Buyer: Summit I Distribution Center LLC

2. Summit Distribution Center Sells for $21.6 Million -

Hillwood Investment Properties, acting as Summit I Distribution Center LLC, bought a 706,802-square-foot warehouse off of Lamar Avenue for $21.6 million.

3. Summit Distribution Center Sells for $21.6 Million -

Hillwood Investment Properties, acting as Summit I Distribution Center LLC, bought a 706,802-square-foot warehouse off of Lamar Avenue for $21.6 million.

4. Robotic Rise of the S&P -

The S&P 500 hit a new all-time high again last week for the 34th time so far this year. However, U.S. stocks appear increasingly detached.

While the S&P 500 has risen nearly 10 percent year-to-date, stocks outside the US have returned less than 3 percent. In fact, U.S. stocks have pummeled their international competition by an astounding 70 percent over the last five years.

5. Winchester Court Sells for $6 Million After Foreclosure -

6740 Winchester Road
Memphis, TN 38115
Sale Amount: $6 million

Sale Date: July 31, 2013
Buyer: WBCMT 2007-C31 Winchester Court LLC
Seller: Harris P. Quinn, substitute trustee
Details: The Winchester Court retail center at Kirby Parkway and Winchester Road in Hickory Hill has sold for $6 million following a foreclosure.

6. Owner Files $2.2 Million Loan on Park Cosmorama -

The owner of the Park Cosmorama retail center at 5043 Park Ave. in East Memphis has filed a $2.2 million loan on the property.

7. Review Your Will Regularly -

Ray’s Take Let’s assume you’ve done the right thing and have a will in place. That is a good start, but it’s not enough. You need to regularly review your will to make sure it stays in line with your intentions and the law. Congress continues to kick the can down the road on important income tax and transfer payments, but we now have pretty good guidance on estate tax laws both federally and in Tennessee.

8. GM to Buy Out White-Collar Pensions -

DETROIT (AP) – General Motors Co. will change the way it makes pension payments to white-collar retirees, cutting its underfunded U.S. pension obligation by $26 billion.

9. Kimberly-Clark Signs Southaven Lease -

Kimberly-Clark Corp., a global manufacturer of hygiene and personal health products, has entered the local industrial market in full force.

10. Kimberly-Clark Signs Southaven Lease -

Kimberly-Clark Corp., a global manufacturer of hygiene and personal health products, has entered the local industrial market in full force.

11. Court Limits Banks’ Immunity -

A recent ruling from the Tennessee Court of Appeals has limited the immunity banks in the state once had when it comes to liability for withdrawals of money under powers of attorney.

The July 26 ruling comes in the Memphis case of the estate of Robert Stokes West, which sued Regions Bank in 2008 over the issue.

12. Developers Run With Midtown Dunkin’ -

Editor’s note: “Inked” is a new column by real estate reporter Sarah Baker on Memphis’ commercial leasing landscape. It will appear each Friday in The Daily News and also in our weekly publication, The Memphis News.

13. Be Tough with Your Financial Adviser -

NEW YORK (AP) - Your financial adviser might be acting like a doctor who prescribes certain medicine only because he's on a drug company's payroll and then neglects to tell you about it.

Not all brokers who sell stocks, bonds, annuities and other investments are required to put their clients' interests first. They can steer you into mutual funds or college savings plans that pad their firms' profits or their own commissions, and you might never know.

14. AIG Sells Alico Unit to MetLife for $15.5 Billion -

CHARLOTTE, North Carolina (AP) - American International Group Inc. said Monday it will sell its American Life Insurance Co. division for $15.5 billion to MetLife Inc. The government-approved deal, AIG's second big asset sale in two weeks, will give the insurer more cash to repay the billions of bailout dollars it still owes the government.

15. Job Losses, Early Retirements Hurt Social Security -

WASHINGTON (AP) – Big job losses and a spike in early retirement claims from laid-off senior citizens will force Social Security to pay out more in benefits than it collects in taxes the next two years, the first time that’s happened since the 1980s.

16. AIG Takes $85B Deal from Fed -

CHARLOTTE, N.C. (AP) - American International Group Inc. may have agreed to take the U.S. government up on a two-year, $85 billion loan to help stave off bankruptcy, but now the nation's largest insurer faces an FBI investigation.

17. Furor Builds on SEC Indexed Annuity Oversight Plan -

NEW YORK (AP) - It sounds like an arcane topic that would concern only a few, but a proposal by the Securities and Exchange Commission has generated a mini furor.

The subject of this highly charged debate? Whether or not equity-indexed annuities, a specialized financial product that combines the promise of regular payments with the potential for gains linked to the stock market, should be considered securities or insurance.

18. Memphis Health Care Employees Enjoy Better Pensions -

More than 22,000 workers at Memphis' largest health care institutions likely will avoid a looming domino effect of failing pension plans at hospitals on the East Coast. They can thank their employers for converting pension structures from the traditional defined benefits to the newer defined contributions approach.

19. Archived Article -

Collierville Crossing
Shopping Center
Sale Amount: $15.4 million

Sale Date: Aug. 10, 2007

Buyer: MCW-RD Collierville Crossing LLC

20. Collierville CrossingSells for $15.4 Million -      An 86,000-square-foot Collierville shopping center has been bought by a Jacksonville, Fla.-based company for $15.4 million.
     Collierville Crossing, which sits on about 11.6 acres at the

21. Archived Article -

5015 Citation Drive
Memphis, TN 38118
Sale Amount: $19.3 million

Sale Date: June 27, 2007

Buyer: Distribution I TL Owner LLC

22. Foreign Group Buys PortfolioIncluding Three Memphis Sites -      A group of foreign investors has bought three Memphis distribution sites as part of a $270 million, 22-building deal.
     The investors, working under the name Distribution I TL Owner LLC, b

23. Courtyard by Marriott Slated for $12 Million in Upgrades -

3076 Kirby Parkway
Memphis, TN 38115
Cost: $12 million

Borrower: Summit Hotel Properties LLC

24. Summit Hotel FinancesCourtyard by Marriott - Summit Hotel Properties LLC has financed Courtyard by Marriott-Lenox Park through ING Life Insurance and Annuity Co. for $12 million. The 96-unit hotel, built in 1998, is on 2.57 acres at 3076 Kirby Parkway in Lenox Corporate Park. Summit purchased t

25. Archived Article -

5300 Hickory Hill Road
Memphis, TN 38141
Cost: $18.8 million

Borrower: DCT Eastpark I LP and Ark Eastpark I LLC

26. Hickory Hill PropertyFinanced for $19.5 Million - DCT Eastpark I LP and Ark Eastpark I LLC have financed property at 5300 Hickory Hill Road through ING Life Insurance and Annuity Co. for $19.5 million. The warehouse-storage property is part of land transferred from six limited liability companies to

27. Archived Article -

30 units in
Lexington Condominiums
Cost: $22.9 million

Borrower: Lexington Partners LLC

Lender: SunTrust Bank

28. Prologis FinancesWarehouse Property - Prologis-Macquarie Tennessee II LLC has financed a 257,968-square-foot warehouse at 5295-5305 Logistics Drive through Teachers Insurance and Annuity Association of America for $13.4 million. The property is part of 79.79 acres purchased by Prologis,

29. Archived Article: Real Recap - 8250 Poplar Ave

St. Georges School Makes Room for Growth

8250 Poplar Ave.

Germantown, TN 38138

Cost: $6.5 million

Borrower: St. Georges Independent School

Lender: St. Georges Episcopal Church, Germantown

Trustee: Scott K. Haight...

30. Archived Article: Daily Digest - Carrier Corp

Carrier Corp. Warehouse

Purchased for $13.4 Million

Teachers Insurance and Annuity Association of America has purchased a Carrier Corp. warehouse on 36.9 acres at 5015 Citation Drive for $13.4 million, according to The Daily Ne...

31. Archived Article: Real Recap - AS Hospitality Buys Press Building

AS Hospitality Buys Press Building

3493 Lamar Ave.

Memphis, TN 38118

Cost: $2.7 million

Buyer: ASH Properties LLC

Seller: Commerce Center LP

Property: Property at 3493 Lamar Ave. near Pearson R...

32. Archived Article: Real Recap - STACEY On the second one down, I used the term Peabody Place Centre Condominium etc

Greystar Refinances Preserve at Southwind 7991 Capilano Drive

Memphis, TN 38125

Cost: $17.1 million

Borrower: Southwind Multifamily LP

Lender: Metropo...

33. Archived Article: Daily Digest - Peabody Place Centre

FedEx Subsidiary

Moves to Hybrid Trucks

FedEx Express, a subsidiary of FedEx Corp., has introduced its first hybrid electric-powered delivery vehicles in California. The vehicles decrease emissions and travel 50 percent...

34. Archived Article: Law Focus - Whistleblower gets day in court

Whistleblower gets day in court after 8 years


The Daily News

The Tennessee Supreme Court recently upheld the states whistleblower law sending the case back for trial in Shelby County Circuit ...

35. Archived Article: Market Briefs - Back Yard Burgers Inc Back Yard Burgers Inc. reported it entered into a 40-unit development agreement with Black Angus Burgers Inc. May 22. Black Angus Burgers will open 40 Back Yard Burgers stand-alone franchises over the next 10 years. Black Angus...

36. Archived Article: Real Review - Multifamily market improves, Multifamily market improves, CB Richard Ellis reports The Memphis multifamily market improved slightly during the first quarter, with increasing occupancy rates and modest rental rate growth, CB Richard Ellis reported. O...

37. Archived Article: Market Briefs - Archer/Malmo has 40 finalists in the Memphis Public Relations Society of Americas Vox Awards Gala, which takes place May 18 a Archer/Malmo has 40 finalists in the Memphis Public Relations Society of Americas Vox Awards Gala, which takes place May 18...

38. Archived Article: Memos - Tom Hutton joined the office leasing and management division of Boyle Investment Co Tom Hutton joined the office leasing and management division of Boyle Investment Co. Prior to joining Boyle, he was a marketing assistant with Trammell Crow. He spen...

39. Archived Article: Memos - Jon Woods joined Chris Woods Construction Co Jon Woods joined Chris Woods Construction Co. Inc. as an assistant project manager/estimator. He earned a bachelors degree from Auburn University. Four community members were elected to the board of trust...

40. Archived Article: Memos - Steven L Steven L. Oseman Jr. joined the family-owned Oseman Insurance Agency as administrative manager. He had worked as a financial analyst with Meridian Resource Corp. He has a bachelors degree from Millsaps College and is in a masters program at...

41. Archived Article: Memos - Michael K Holly Seek was hired as a graphic artist by Chandler Ehrlich advertising agency. Prior to joining Chandler Ehrlich, Seek was graphic designer at Catherines Stores Inc. She earned a bachelors degree from the University of Memphis. Archer Ma...

42. Archived Article: Law Focus - Planned giving can take a bite out of tax burden Planned giving can take a bite out of tax burden By KATHLEEN D. BARK The Best Times Having a valuable asset can sometimes cost the owner. Take, for example, a large stock holding or a piece of real es...

43. Archived Article: Real Rev bott - Real Estate Review 10-12-99 Two Sams Clubs undergo renovations By LAURIE JOHNSON The Daily News Two Memphis Sams Club stores are in the process of being remodeled. Renovations are underway on the Sams Club at 2150 Covington Pike and 1805 Getwell Roa...

44. Archived Article: Law Focus - While Americans traditionally have been generous, charitable giving has reached record-breaking levels in recent years Building a trust Charitable trust allow anyone to leave a legacy and save taxes By TARA BAZZONE Waring Cox PLC While Americans tra...

45. Archived Article: Up (back) - Union Planters Corporation Union Planters marks record quarterly earnings Union Planters Corp. announced record second quarter net earnings of $105.8 million, an increase of 33.2 percent compared to $79.4 million for the second quarter of 1998. Dilu...

46. Archived Article: Real Briefs - ResortQuest Completes $50 Million The Memphis Area Association of Realtors announced Multiple Listing Service home sales climbed in May, surpassing last years year-to-date pace by 7.8 percent. During May, 1,233 homes were sold through MAARs Multiple...

47. Archived Article: Bbb Reverse Mtg Scam Lj - By LAURIE JOHNSON BBB warns consumers of mortgage scams By LAURIE JOHNSON The Daily News If someone calls your home claiming to be a "service provider" offering "free information" on how to convert your home equity into cash the ...

48. Archived Article: Real Review Lj - lj 10/5 cates Real Review Market commentary. Last week, several announcements had an adverse impact on the mortgage market, according to Albert Santi, branch manager of Signet Mortgage. Here is a short review of what went wrong: the gross domestic p...

49. Archived Article: Inv Analys - 04-13 Inv analys Are annuities for you? By MIKE STEIN Special to The Daily News If you would like an investment that grows tax deferred until you decide to withdraw it, consider annuities. An annuity is simply a contract between you and an insurance...

50. Archived Article: Lj Real Review - lj 10/4 building Panattoni & Van Valkenburgh, a San Francisco-based real estate development company, has construction underway on three new distribution facilities in Memphis totaling 820,000 square feet. A footing and foundation permit was issu...