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1. Warren, Tulane Complexes Find Buyer
- Tuesday, March 14, 2017
The court-appointed receiver in the Memphis federal court case involving Global Ministries Foundation has an offer to buy the Tulane and Warren apartment complexes owned by GMF.
Cleveland, Ohio-based Millenia Housing Development Ltd. has offered the receiver $3 million for both properties, according to court documents and a legal notice in the Tuesday, March 14, edition of The Daily News.
2. HUD Serves GMF With Search Warrants
- Friday, August 05, 2016
Agents with the Inspector General’s office of the federal Department of Housing and Urban Development served search warrants Wednesday, Aug. 3, at the Memphis offices of Global Ministries Foundation and showed up at GMF-owned apartment complexes in Indianapolis, Ind., and the offices of the Gill Group, a real estate company in Dexter, Mo.
3. Court Appoints Receiver for Warren, Tulane Apartments
- Thursday, May 19, 2016
The Tulane and Warren apartments are under the control of a court-appointed receiver.
U.S. District Judge Jon P. McCalla appointed Foresite Realty Management LLC of Rosemont, Ill., as the receiver of the two properties Tuesday, May 17, by a consent order.
4. Receiver Appointed for Warren and Tulane Apartments
- Wednesday, May 18, 2016
The Tulane and Warren Apartments are under the control of a court-appointed receiver.
U.S. District Judge Jon P. McCalla appointed Foresite Realty Management LLC of Rosemont, Illinois as the receiver of the two properties Tuesday, May 17, by a consent order.
5. Mall of Memphis Property Bought by Trucking Company
- Tuesday, January 05, 2016
Mall of Memphis Site
Sale Amount: $3.9 million
Sale Date: Dec. 29, 2015
Buyer: TAG Real Estate Holdings LLC
Seller: Memphis Industrial Properties LLC (Johnson Development Associates Inc.)
Loan Amount: $23 million
Loan Date: Dec. 29, 2015
Lender: Mercedes-Benz Financial Services USA LLC
Details: The 113-acre former Mall of Memphis property has a new owner. TAG Real Estate Holdings, an affiliate of Memphis-based TAG Truck Enterprises LLC, paid $3.9 million, or $34,513 an acre, to buy the property from Johnson Development Associates Inc., acting as Memphis Industrial Properties LLC.
6. iBank Tower Sells for $19.2 Million
- Thursday, December 31, 2015
The iBank Tower, located at 5050 Poplar Ave., has sold for $19.2 million, and for the first time, the same owner controls both the iBank Tower and the nearby Clark Tower at 5100 Poplar Ave.
7. Clark Tower to Get $6 Million in Capital Improvements
- Wednesday, July 15, 2015
The venerable Clark Tower is getting an infusion of cash for capital improvements.
In-Rel Properties, which owns the East Memphis skyscraper, has executed an agreement with the building’s lender paving the way for a $6 million capital improvement project that will begin immediately.
8. Opportunities for ‘B’ Buildings in ‘A’ Markets
- Saturday, May 09, 2015
Perched on floor 31 of the iconic Clark Tower office building in East Memphis, immigration attorney Eric Henton offers clients from around the Southeastern U.S. an incredible view of Memphis.
“The first thing my clients generally notice when they walk into my office is how beautiful, calm and green Memphis looks from above,” Henton said. “In many cases, my clients have never been up so high and it is fun to watch their reaction.”
9. Pathmark Inks Lease at I-Bank Tower
- Friday, July 11, 2014
A longtime third-party logistics company is on the move.
Pathmark Transportation Co., which was started in 1984 as a subsidiary of petroleum marketing company Pathmark International before becoming a national logistics provider, has signed a new lease for 3,800 square feet at the i-bank Tower on Poplar Avenue in East Memphis.
10. Tower Facelift
- Thursday, May 08, 2014
One of Memphis’ most recognizable office buildings, occupying a prime piece of commercial real estate on Poplar Avenue in East Memphis, is getting a makeover.
Rosemont Realty LLC is investing around $400,000 to update the 24-story i-bank Tower at 5050 Poplar Ave. The 275,634-square-foot building, built in 1967 by pioneering developer William B. Clark Sr. and formerly known as White Station Tower, includes the signature round top floor, which once housed a rotating restaurant.
11. I-Bank Grows in Namesake East Memphis Office Tower
- Friday, November 30, 2012
Independent Bank has expanded its headquarters at I-Bank Tower to primarily accommodate its Mortgage Lending Division.
12. I-Bank Tower on Poplar Sells for $14.4 Million
- Tuesday, October 30, 2012
5050 Poplar Ave. Memphis, TN 38117
Sale Amount: $14.4 million
Sale Date: Sept. 14, 2012
13. I-Bank Tower Sells For $14.4 Million
- Monday, October 29, 2012
The I-Bank Tower at 5050 Poplar Ave. in East Memphis has traded hands for $14.4 million, although the sale appears to be an internal transfer as the result of a corporate acquisition.