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Editorial Results (free)
1. Downtown Hotel Pipeline May Deter Larger Developer
- Wednesday, February 17, 2016
The proliferation of limited-size Downtown hotels could make the area less attractive for the 500-room, full-service hotel Downtown desperately needs.
That was board member Rob Norcross’ warning at the Feb. 11 meeting of the Land Use Control Board. And the Memphis Convention & Visitors Bureau agrees that small hotels pose a risk.
2. Is Hot Market for IPOs Cooling?
- Tuesday, April 15, 2014
NEW YORK (AP) – A hot market for initial public offerings may soon face a cooler reception from investors.
IPOs are having their best start to a year since 2000. Eighty-nine companies have raised $19 billion through sales of new stock so far in 2014. But demand for more offerings depends largely on the health of the broader market, and after last week's sell-off, the clamor from buyers may quiet down.
3. Industrial Portfolio Sells for $43 Million
- Tuesday, April 01, 2014
4550 Swinnea Road, 6005 Freeport Ave., 3399 E. Raines Road
Sale Amounts: $10.1 million; $14.8 million; $18 million
4. Oklahoma Hotel Group Buys Baymont Inn
- Tuesday, August 20, 2013
6020 Shelby Oaks Drive
Memphis, TN 38134
Sale Amount: $2.1 million
Sale Date: Aug. 6, 2013
Buyer: Champion Regional Development LLC
Seller: BRE/LQ Properties LLC
Loan Amount: $2.1 million
Loan Date: Aug. 7, 2013
Maturity Date: N/A
Borrowers: Sunny Management LLC; KNSB LLC; Jansa LLC
Details: An affiliate of Oklahoma City-based Champion Hotels has paid $2.1 million for the 103-room Baymont Inn & Suites Memphis East hotel at 6020 Shelby Oaks Drive in Northeast Memphis.
5. Oklahoma Hotel Group Buys Baymont Inn
- Thursday, August 15, 2013
An affiliate of Oklahoma City-based Champion Hotels has paid $2.1 million for the 103-room Baymont Inn & Suites Memphis East hotel at 6020 Shelby Oaks Drive in Northeast Memphis.
6. Swinnea Warehouse Sold in Lieu of Foreclosure
- Tuesday, March 19, 2013
4550 Swinnea Road, Memphis, TN 38118
Sale Amount: $4.2 million
Sale Date: March 7, 2013
Buyer: JPMCC 2007-LDP10 – 4550 SWINNEA RD LLC
Seller: Industrial Memphis International Owner LLC
Details: The Memphis International Distribution Center at 4550 Swinnea Road in Oakhaven has sold for $4.2 million in lieu of foreclosure.
7. Construction Slated for Solana Senior Facility
- Tuesday, November 23, 2010
8199 Poplar Ave.
Germantown, TN 38053
Permit Amount: $19 million
Project Cost: $30 million
Permit Date: Applied November 2010
Completion: Spring 2012
Owner: Formation Development Group LLC
Tenant: Dogwood Ridge Senior Living
Architect: Rogers Construction
8. Finish Line in Sight for Renovation Of Memphis Business Academy
- Tuesday, March 16, 2010
3306 Overton Crossing
Memphis, TN 38127
Loan Amount: $1.9 Million
Loan Date: Feb. 23, 2010
Maturity Date: Feb. 23, 2013
Borrower: Memphis Business Academy
Lender: Regions Bank
9. Memphis Companies Tap Into Renewable Energy Sources
- Friday, November 20, 2009
From solar power to wind power, from hybrid automotive technology to geothermal engineering, Memphis companies large and small are tapping into renewable energy.
The biggest news story surrounding local businesses going green involves shipping giant FedEx Corp., whose president and CEO Fred Smith earlier this year unveiled the company’s plans to become more energy-efficient and environmentally friendly through its EarthSmart initiative.
10. Blackstone Cements StatusWith Hilton Purchase
- Friday, July 06, 2007
Fresh off a $4.1 billion initial public offering, private-equity house Blackstone Group solidified its position as a power to reckon with on Wall Street with a multibillion dollar deal that gives the company control over
11. Archived Article
- Tuesday, March 14, 2006
1236 Primacy Parkway
Memphis, TN 38119
Cost: $10.4 million
Borrower: BRE/LQ Properties LLC
Seller: La Quinta Properties Inc.
12. La Quinta Sells Hotelsfor $14.4 Million
- Thursday, March 09, 2006
La Quinta Properties Inc. has sold two hotels for a total $14.4 million to BRE/LQ Properties Inc. care of Texas-based La Quinta Corp. As part of the transaction, the company bought a 131-unit La Quinta Inn & Suites built in 1998 on 2.62 acres at 1236
13. Millbranch Road HotelSells for $3.3 Million
- Friday, November 04, 2005
VJBP Hotels LLC has purchased a three-story hotel at 3005 Millbranch Road from Diplomat Development Co. for $3.3 million. The 102-unit hotel, built in 1986, sits on 1.95 acres in Ferrell Industrial Park. The property was sold to Diplomat by La Quinta
14. Archived Article: Real Recap
- Tuesday, October 12, 2004
Millington Telephone Co
Millington Telephone Co. Finances Land in Four Counties
Land in four
Cost: $8.1 million
Borrower: Millington Telephone Co. Inc.
Lender: The United States of America, Rural Utilities Servic...
15. Archived Article: Daily Digest
- Monday, September 20, 2004
La Quinta Purchases
La Quinta Purchases
Two Memphis Properties
La Quinta Properties Inc. has purchased improved property at 6020 Shelby Oaks Drive for $2 million and improved property at 3005 Millbranch Road for $1.8 million, according to T...
16. Archived Article: Daily Digest
- Monday, June 07, 2004
Sells for $1.4 Million
R&B Lodging Inc. has purchased 3.62 acres at 2745 Airways Blvd. near Democrat Road from La Quinta Properties Inc. for $1.4 million, according to The Daily News Public Records Dat...
17. Archived Article: Real Recap
- Tuesday, January 20, 2004
SM Properties Finances Future Schnucks Location
SM Properties Finances Future Schnucks Location 12.8 acres near
Cost: $6.9 million
Borrower: SM Properties Collierville LLC
Lender: Desco Financial LLC
18. Archived Article: Real Recap
- Tuesday, December 30, 2003
Loeb Properties Refinances Erin Way Shopping Center
Loeb Refinances Erin Way Shopping Center 4840-4872 Poplar Ave.
and 599-553 Erin Drive
Cost: $4.9 million
Borrower: Erin Way Partners LP
Lender: Farm Bureau Life Insurance Co.