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Editorial Results (free)

1. Kimball Cabana Apartments Sold -

Lehi, Utah-based Kimball Cabana Apartments LLC sold the Kimball Cabana apartments in Memphis to Kimball LLC for $5.4 million on Aug. 1, according to deeds on file with the Shelby County Register of Deeds.

2. The Buying And Selling Of Memphis -

Even before he went to federal prison for 25 years on a racketeering conviction in 1995, Danny Owens had a real estate portfolio. The strip-club kingpin who defined the industry in Memphis across a 20-year period owned the old Memphian movie theater and made possible its 1986 sale to Playhouse on the Square by donating $160,000 toward its purchase.

3. Ride Continues for Whitehaven Complex -

One chapter in the continuing saga of the New Horizon Park apartments has been closed, but more twists are likely coming for the embroiled property.

The sprawling, 933-unit multifamily complex at 3578 Millbranch Road in Whitehaven was foreclosed and sold for $21.4 million in a Nov. 20 substitute trustee’s sale to Wells Fargo NA. The seller was Spencer Clift, trustee for the Health, Education and Housing Facility Board of the city (HEHFB) of Memphis.

4. NY Company Brings Brisk Pace To Whitehaven Developments -

Monday morning was a whirlwind for New York developer George Fakiris.

Though Fakiris wasn't in town, his company Apollon Group LLC within a short span opened the sales office for one of its Whitehaven apartment-turned-condominimum properties and began construction on another.

5. Whitehaven Apartments Slated For Renovation, Condo Conversion -

2115 Oxford Square Court
Memphis, TN 38116
Loan Amount: $5.3 million

Loan Date: May 11, 2007

Maturity Date: n/a

6. Give 'Em Credit: Teachers' Credit Union Official Says New Branches Will Keep It Competitive -

New MATCU Branches on
Union Avenue and White Station Road
Project Cost: Not released

Permit Date: Dec. 4, 2006

7. PILOT Apartment ComplexesChange Hands, Financed -      Two apartment complexes under 10-year payment-in-lieu-of-taxes (PILOT) agreements have been transferred to new investors and financed for more than $36 million.
     Kimball Cabana Apartments

8. Events -

The Memphis Regional Chamber offers "Preparing Your Business for the Unthinkable" today from 11:30 a.m. to 1 p.m. at 22 N. Front St., Ste. 200. Mark Giannini, co-founder of Service Assurance Corp., is the guest speaker. Call Tunga Lee at 543-3571 or e-mail tlee@memphischamber.com for more information.

9. Shelby Farms Ad Hoc Committee to Meet -

Oct. 31

The Shelby County Board of Commissioners Ad Hoc Committee on Shelby Farms meets at 2 p.m. in the Commission's 4th floor committee room at the Shelby County Administration Building, 160 N. Main St. Call Steve Summerall at 545-4301 for more information.

10. Archived Article: Real Recap - Addresses on Union Avenue

Circuit Playhouse Buys Property for Theater, Offices

Addresses on Union Avenue

and South Cooper Street

Cost: $1.1 million

Buyer: Circuit Playhouse Inc.

Seller: Union Catfish Co. Ltd.

Property: Property ...