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Editorial Results (free)

1. Tri-State Bank HQ Sale Heightens Speculation -

The northeast corner of Main and Beale streets is more than prime real estate; it’s historic ground with a direct connection to ongoing racial and economic issues.

Tri-State Bank, the city’s 70-year old black-owned bank, and Belz Investco announced Thursday, Dec. 31, that the bank was selling its headquarters, 180 S. Main St., to Belz Investco GP in a $3 million deal.

2. Milhaus Acquires Highland Row Property -

44 S. Highland St.; 366, 374 and 380 Ellsworth St.
Memphis, TN 38111
Sale Amount: $4.3 million

3. Greater Imani Buys Broadmoor Property -

Greater Imani Baptist Church has purchased property from Broadmoor Baptist Church for $1.6 million.

Greater Imani acquired the Broadmoor property at 3824 Austin Peay Highway, according to a Nov. 3 warranty deed. Greater Imani filed a $2 million loan with Citizens Savings Bank and Trust Co. in conjunction with the purchase, according to a deed of trust filed the same day. William A. Adkins Jr., board president for Greater Imani, signed the deed of trust.

4. Greater Imani Church Buys Broadmoor Property -

Greater Imani Baptist Church has purchased property from Broadmoor Baptist Church for $1.6 million.

Greater Imani acquired the Broadmoor property at 3824 Austin Peay Highway, according to a Nov. 3 warranty deed. Greater Imani filed a $2 million loan with Citizens Savings Bank and Trust Co. in conjunction with the purchase, according to a deed of trust filed the same day. William A. Adkins Jr., board president for Greater Imani, signed the deed of trust.

5. Wenco Files Construction Loan for Volvo of Memphis -

7910 Trinity Road
Cordova, TN 38018
Loan Amount: $4.2 million

Loan Date: Nov. 7, 2013
Maturity Date: n/a
Borrower: Wenco Properties LLC
Lender: Wells Fargo Bank NA
Details: Wenco Properties LLC has filed a $4.2 million construction loan through Wells Fargo Bank for the Volvo of Memphis dealership it is building at 7910 Trinity Road in Cordova.

6. Trolley Station Sells For $2.7 Million -

Trolley Station, a Class C shopping center at the northwest corner of South Perkins Road and American Way, has sold for $2.7 million to a Georgia-based company.

Vishal Trolley Station LLC purchased the property from Kimco Trolley Station LP in an Oct. 29 special warranty deed, financing the deal with a $1.9 million deed of trust through Citizens Savings Bank & Trust Co. Shiv K. Aggarwal signed the trust deed as sole manager of Vishal Trolley Station.

7. Trolley Station Sells for $2.7 Million -

Trolley Station, a Class C shopping center at the northwest corner of South Perkins Road and American Way, has sold for $2.7 million to a Georgia-based company.

Vishal Trolley Station LLC purchased the property from Kimco Trolley Station LP in an Oct. 29 special warranty deed, financing the deal with a $1.9 million deed of trust through Citizens Savings Bank & Trust Co. Shiv K. Aggarwal signed the trust deed as sole manager of Vishal Trolley Station.

8. Mayor, Banks Revive Program Targeting City’s Unbanked -

It started with a letter. More than two dozen of them, actually. Bankers from around Memphis got a missive from Memphis Mayor A C Wharton Jr. in 2010 that solicited help from bankers like Joe DiNicolantonio, West Tennessee area president for Regions Bank.

9. ‘In This Together’ -

For some Memphis consumers, it’s a completely natural impulse to go out of the way to keep from going far away when there’s money to spend. Those particular consumers will run over a TCBY to get to YoLo, shove past a Starbucks to get their caffeine fix at Otherlands, Republic or Cafe Eclectic, hop over an IHOP to stand in line at Brother Juniper’s and dodge Dillard’s to suit up at shops like Oak Hall and James Davis.

10. Social Security Stopping Mailed Earning Statements -

WASHINGTON (AP) – Those yearly statements that Social Security mails out – here's what you'd get if you retired at 62, at 66, at 70 – will soon stop arriving in workers' mailboxes. It's an effort to save money and steer more people to the agency's website.

11. Collierville Office Building Sells for $1.3M in Foreclosure -

472 W. Poplar Ave.
Collierville, TN 38017
Sale Amount: $1.3 million

Sale Date: Dec. 14, 2010
Buyer: First Citizens National Bank
Seller: Ralph Henson, trustee
Orig. Borrower: Loyal Featherstone Realtors Inc.
Orig. Lender: First Citizens National Bank
Orig. Loan Amount: $1.6 million
Orig. Loan Date: March 7, 2007
Orig. Maturity: March 7, 2008

12. Dem Lawyer Questions Fincher's Disclosure to House -

NASHVILLE (AP) – A prominent Democratic lawyer is asking federal prosecutors to investigate whether Republican congressional candidate Stephen Fincher omitted debts and assets in financial disclosures maintained by the U.S. House.

13. Upswing in Motion -

When mortgage numbers reach historic lows – as they have in Shelby County during the past two years – any improvement, however small, should be viewed as positive.

The commercial lending industry indeed received a rare dose of good news in December with a bump in commercial purchase mortgage activity, as opposed to refinances.

14. Commercial Mortgages Down 41 Percent From ‘07 -

Tom Portis was surprised to hear that BancorpSouth Bank ranked as the top commercial mortgage lender in Shelby County for October, especially in light of its competition in this market.

15. Archived Article -

5925 Logistics Drive
Memphis, TN 38118
Permit Cost: $4.7 million

Project Cost: $4.7 million

Permit Date: Applied July 2007

16. Archived Article -

Two loans for
Kirby Gate center
Loan Amounts: $5 million; $1 million

Loan Date (for both): March 28, 2006

17. Archived Article -

24 properties
and two leaseholds
Cost: $68.6 million

Borrower: Net Magan Property Owner One LP

Lender: Eurohypo AG

18. Archived Article: Real Recap - Front Street Property to Become Condos

Front Street Property to Become Condos

338-352 S. Front St.

Memphis, TN 38103

Cost: $3.5 million

Borrower: Front Bluff Partners LLC

Lender: First Tennessee Bank NA

Trustee: Thomas F. Baker ...

19. Archived Article: Real Recap - 9

Developer to Build Shoppes of Greys Creek

9.06 acres near

Walnut Grove

Cost: $4.3 million

Borrower: Greys Creek Development Co. LP

Lender: Community Bank, DeSoto County

Trustee: Lancelot L. Minor III

Property: 9.06 acres of...

20. Archived Article: War (lead) - Tensions in Iraq alter local economic dynamics

Tensions in Iraq alter local economic dynamics

By ANDREW BELL

The Daily News

Duration and outcome of the tense situation in Iraq are two significant unknowns facing the U.S. economy as milit...

21. Archived Article: Y2k-consumers - By STACEY PETSCHAUER Consumers can expect Y2K scams as millennium nears By STACEY PETSCHAUER The Daily News As sure as the year 2000 is to arrive, there will be scam artists to exploit it. An onslaught of scammers, preying on those fearful of doomsa...

22. Archived Article: First State - First State opens community bank in West Memphis First State opens community bank in West Memphis By KATHLEEN BURT The Daily News In this day of blossoming mergers and mega-banks, it is not surprising that a new bank has opened in West Memphis. But,...

23. Archived Article: Upc Merger Chg - Union Planters to merge with City Bank & Trust Union Planters to merge with City Bank & Trust By CAMILLE H. GAMBLE The Daily News Union Planters Corp. plans to merge with Central Tennessee-based CB&T Inc., the parent company of City Bank...

24. Archived Article: Real Fcs (exhibit) Lj - By LAURIE JOHNSON Your House, My House New permanent exhibit at the Childrens Museum of Memphis gives children hands-on experience in home design and construction By LAURIE JOHNSON The Daily News A new permanent exhibit that gives children the oppor...

25. Archived Article: Briefs - Citizens of Hardeman County Financial Services Inc Citizens of Hardeman County Financial Services Inc. and its wholly owned subsidiary Whiteville Bank, has entered into a definitive agreement to affiliate with Union Planters Corp. Consummation of th...