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Editorial Results (free)

1. Last Word: Firestone's Legacy, Malco In Lakeland and Alexander on Cell Phones -

What about Firestone? That’s the quick way of getting into the latest turn in our ongoing civic discussion about whether there should be changes to how Memphis approaches economic development and the growth it brings. Eric Robertson, the president of Community LIFT, which works with community development corporations across the city, says the definition of economic development should be broader and the approach to it should go beyond answering the questions of site consultants to keep them from walking away to the next city on their list.

2. Council Talks With Head of TVA, Votes on Two More Ballot Questions -

Memphis City Council members talk with Tennessee Valley Authority president Bill Johnson Tuesday, Jan. 23, meet Mayor Jim Strickland’s nominee to replace retiring Memphis Light, Gas and Water Division president Jerry Collins and may renew discussions of electric and gas rate hikes proposed by MLGW that it voted down two weeks ago.

3. Last Word: Corker's Touchstone, Quonset Rehab and The Methodist Chart -

More invective from the White House directed at U.S. Senator Bob Corker since we last met here. And it is now becoming a sort of political prairie fire among Republicans in the Beltway per The New York Times.

4. Outdoors Retailer REI Plans First Memphis Store -

In this week's Real Estate Recap, outdoors retailer REI eyes Ridgeway Trace for its first local store, Hilton Worldwide prepares to upgrade its Memphis campus, and several proposed Midtown projects seek financial incentives.

5. Outdoors Retailer REI Planning First Memphis Store -

5895 Poplar Ave.
Memphis, TN 38119

Permit Amount: $900,000

Owner: Weingarten Realty

Tenant: REI

Details: Seattle, Washington-based sporting and camping goods retailer REI has filed a $900,000 building permit application for tenant improvement in the former Sports Authority building at 5895 Poplar Ave. in the Ridgeway Trace shopping center.

6. Last Word: Closing the Door, Midtown Rents and Red West's Many Roles -

It didn’t take the Shelby County Commission very long Wednesday to close the door on its budget season – about 20 minutes in the day’s special meeting to approve a county property tax rate of $4.11 on third and final reading. That’s not a quick up or down vote. And it took just a bit longer because there is still some discussion about whether this was a reduction in the tax rate or a tax cut in the sense that a homeowner in Shelby County would understand the term.

7. Last Word: Grade Tampering, The Tom Lee Storm and Fred's Strategy -

There are indications that allegations of grade-tampering at Shelby County Schools are not going to recede as rapidly as they did late last year when the allegations first came up. The first indication was word late last week that the state department of education will audit the grade transcripts of all SCS high schools. But there are still some fuzzy points in that about whether that is a new move or whether it is something that has been underway since last year.

8. Luxury Apartments Begin $17 Million Expansion -

3333 Hacks Cross Road, Memphis, TN 38125: Fieldstone Apartment Homes, a gated community in southeast Memphis, is in the process of another massive expansion.

Permit Amount: $9.7 million (combined)

9. Archived Article -

3333 Hacks Cross Road

Memphis, TN 38125

Permit Amount: $9.7 million (combined)

Project Cost: $17 million

10. Last Word: MATA and the TBI, Fieldstone Gets Bigger and Wedge Bills -

Since Gannett bought The Commercial Appeal there has been a lot of speculation about what would remain of the Memphis operation in a newspaper chain known for consolidating not just in-house parts of the publishing process but the reporting side too. The biggest question in the air was the fate of the large printing presses at the CA. And Monday evening, there was an answer.

11. Riding Momentum -

Around this time each year, everyone tends to start fetishizing the blank slate a bit, with its attendant allure of reinvention and that sweeping away of the old order to make way for what comes next.

12. Council Tallies Damage in 'Day of Bad News' -

Memphis City Council member Berlin Boyd summed up City Hall’s attitude Tuesday, March 15, during the council’s executive session. “Today is the day of bad news,” he said after a briefing from Mayor Jim Strickland on the deannexation bill approved the night before by the Tennessee House.
That was followed by more details on the estimated $60 million it will cost to replace the entire radio system for local first responders from the radios to the towers used to transmit their signals.

13. This week in Memphis history: January 29-February 4 -

1986: Plans are announced for the Southwind Tournament Players Club development on Winchester Road 10 miles east of Memphis International Airport. The centerpiece of the development is a 215-acre golf course to open in the fall of 1987 as the new site of the St. Jude Memphis Golf Classic, which will move from its longtime home at Colonial Country Club.

14. Memorable Events of 2015 will Spill Into 2016 -

When you really get down to it, history is a collection of moments, moments that, when they fall one after the other over the long arc of time, eventually form the tapestry representing who we are.

15. Council Redistricting Discussion Yields to Talk of Council Changes -

A discussion among Memphis City Council members about redistricting Tuesday, July 21, turned into the idea of changing the structure of the council to single-member districts and discarding the multi-member super districts the council has had since 1995.

16. Vertical Living in Crosstown -

The 1.1 million-square-foot Sears & Roebuck regional distribution center, which has laid abandoned in the Crosstown neighborhood for more than 10 years, is getting a new lease on life as the highly-anticipated Crosstown Concourse project.

17. The Preserve at Southwind Sells for $28 Million -

7991 Capilano Drive
Memphis, TN 38125
Sale Amount: $28 million

Sale Date: Dec. 22, 2014
Buyer: Southwind Apartments LP
Seller: G&I VII Preserve at Southwind Apartments LP
Loan Amount: $18 million
Loan Date: Dec. 18, 2014
Maturity Date: Oct. 31, 2020
Lender: Jackson National Life Insurance Co.
Details: A team that includes Memphis-based Foegelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

18. Southwind Apartments Sell for $28 Million -

A team that includes Memphis-based Fogelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

G&I VII Preserve at Southwind LLC, a joint venture between Rick and Mark Fogelman and New York-based DRA Advisors LLC, sold the 306-unit complex to Colorado-based Preserve at Southwind Apartments LP, an affiliate of Continental Realty Advisors Ltd., according to a Dec. 22 warranty deed. The sellers acquired the property for $22.1 million in 2011.

19. Southwind Apartments Sell for $28 Million -

A team that includes Memphis-based Fogelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

G&I VII Preserve at Southwind LLC, a joint venture between Rick and Mark Fogelman and New York-based DRA Advisors LLC, sold the 306-unit complex to Colorado-based Preserve at Southwind Apartments LP, an affiliate of Continental Realty Advisors Ltd., according to a Dec. 22 warranty deed. The sellers acquired the property for $22.1 million in 2011.

20. McNeill Seeks Permits for Germantown Medical Offices -

1432 Kimbrough Road and 1468 Kimbrough Road
Germantown, TN 38138
Project Cost: $2.6 million

21. Fieldstone Apartments Owner Files Loan -

The owner of the 324-unit Fieldstone Apartments in the Southwind area has filed a loan on the property.

Fieldstone Apartments I LLC acquired a $13.5 million loan from Magna Bank for the apartment community at 3333 Hacks Cross Road, according to a Sept. 29 multifamily deed of trust. Michael A. Lightman is the registered agent for Fieldstone Apartments I LLC.

22. Kroger-Anchored Center Sells for $14.6 Million -

4270 Summer Ave. Memphis, TN 38122

Sale Amount: $14.6 million

Sale Date: June 18, 2013

23. Pedcor Files Loan on Southwind Lakes Apartments -

An affiliate of Carmel, Ind.-based Pedcor Investments has filed a $4.7 million loan on the second phase of Southwind Lakes Apartments at 8000 E. Shelby Drive in Southwind.

24. BenchMark to Relocate, Restructure -

BenchMark at Southwind Realtors LLC will soon relocate its Southeast Memphis office, add agents, integrate technology into its business practices and go paperless in one fell swoop.

25. CBRE Memphis Sells $8.7 Million in Apartment Properties -

Tommy Bronson III and Blake Pera with CB Richard Ellis Memphis’ Multifamily Division have sold six apartment communities totaling 693 units and $8.7 million in the past two weeks.

26. Southwind Homewood Suites Sells for $6.5 Million -

3583 Hacks Cross Road Memphis, TN 38125

Sale Amount: $6.5 million

Sale Date: Nov. 2, 2012

27. CBRE Memphis Sells $8.7 Million in Apartment Properties -

Tommy Bronson III and Blake Pera with CB Richard Ellis Memphis’ Multifamily Division have sold six apartment communities totaling 693 units and $8.7 million in the past two weeks.

28. G&I Sells 2 Multifamily Sites For Combined $55.8 Million -

160 Madison Farms Drive
Collierville, TN 38017

Sale Amount: $32 million

Sale Date: June 20, 2012

29. Highland Meadows Sells for $5.5 Million -

5045 Airways Blvd.
Memphis, TN 38116

Sale Amount: $5.5 million

Sale Date: April 25, 2012

30. Waterford Place Apartments Sells in Foreclosure for $18.2M -

Waterford Place Apartments at 8037 Waterford Circle in Southeast Shelby County’s 38125 ZIP code has sold for $18.2 million in a substitute trustee’s sale following a foreclosure. The complex sold May 11 but wasn’t recorded by the Shelby County Register of Deeds until this week.

31. $3 Million in Permits Filed For Hacks Cross Buildings -

3152 Hacks Cross Road and
3168 Hacks Cross Road

Permit Amounts: $1.4 million (3152 Hacks
Cross); $1.6 million (3168 Hacks Cross)

32. Investors Buy Stalled Lamar Crossing Apartments -

2881 Lamar Ave.
Memphis, TN 38114
Sale Amount: $1.5 Million

Sale Date: May 11, 2011

33. Highwoods Extends Tenants at Southwind Office Center -

Raleigh, N.C.-based Highwoods Properties Inc. has signed two deals at its Southwind Office Center, a 62,000-square foot, three-story building with views of the Tournament Players Club at Southwind golf course.

34. Calif. Investor Buys Midtown Apartments -

A vintage apartment complex in Midtown is under new ownership.

Gabrion Properties LLC closed on approximately 20,000 total square feet of space in Cherokee Arms Apartments for $455,000. The three-story apartment complex, 1508 Madison Ave., contains 30 studio apartments with historic vintage architecture.

35. Preserve Auction Adjourned Again -

For the second time in a month, the scheduled auction of the Preserve at Southwind Apartments near Hacks Cross and Tenn. 385 in Southeast Shelby County has been adjourned.

On Friday the sale was moved back to July 27 at noon.

36. Changing Tide -

The foreclosure crisis took an interesting twist in the past year.

No longer was the problem relegated only to blighted communities like Frayser, Raleigh and Hickory Hill.

Although those areas were still severely afflicted by loan defaults and vacant homes, the biggest foreclosure headlines of the previous 12 months centered on some of the area’s most ambitious projects and most prominent properties.

37. Multifamily Owner Defaults On $19.5M Loan -

In what has become a common theme in the multifamily industry, another pair of large apartment complexes will be sold on the courthouse steps.

The Waterford Pointe Apartments at 5045 Airways Blvd. in Whitehaven and the Carrington Manor Apartments at 4805 Winchester Road in Oakhaven have been foreclosed, according to a first-run notice in today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

38. Preserve Auction Adjourned to May 28 -

Friday’s scheduled auction of the Preserve at Southwind Apartments near Hacks Cross and Tenn. 385 in Southeast Shelby County has been adjourned to May 28 at noon.

The 306-unit complex will be auctioned to the highest bidder on the Shelby County Courthouse steps in a substitute trustee’s sale due to a foreclosure.

39. Saddle Vineyards Apts. Face Foreclosure -

A first-run foreclosure notice appears on Page 34 for the Saddle Vineyards Apartments at 3752 Winchester Road.

40. Tricky Market -

Because loan defaults are a common occurrence in this difficult financial climate, last week’s news that the 306-unit Preserve at Southwind Apartments had been foreclosed could easily be chalked up to a case of “another one bites the dust.”

41. Southwind Apartment Complex Foreclosed -

The 306-unit Preserve at Southwind Apartments near Hacks Cross Road and Tenn. 385 in Southeast Shelby County has been foreclosed and will be sold on the Shelby County Courthouse steps, according to a notice on Page 37 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

42. Hyneman Sells Lakeland Outparcel To California Investors -

2957 Canada Road
Lakeland, TN 38002
Sale Amount: $2 Million

Sale Date: June 19, 2009
Buyer: Debbie Ann Martinez and Michael Amerio, as trustees of the Debbie Ann Martinez 2003 Trust (50 percent); and Dawn Lizabeth Bubion and Michael Amerio, as trustees of the Dawn Lizabeth Bubion 2003 Trust (50 percent)
Seller: Corner Shops LLC

43. Barboro Alley Flats Construction to Begin Oct. 1 -

100 S. Main St.
Memphis, TN 38103
Permit Amount: $5.5 Million

Project Cost: $18.2 million
Permit Date: Applied August 2008
Completion: 2010
Owner: 100 South Main Partners
Tenant: TBA
Contractor: Montgomery Martin Contractors LLC
Architect: Looney Ricks Kiss Architects Inc.

44. Pedcor Files Construction Loan For Ashland Lakes Phase II -

Address: 7660 State Line Road

Memphis, TN 38125

Sale Amount: $1.3 Million

Sale Date: May 13, 2008

Buyer: Pedcor Investments-2007-CVIII LP

Seller: Pedcor Investments

45. Archived Article -

6125 Shelby Drive
Memphis, TN 38141
Sale Amount: $13.5 million

Sale Date: July 20, 2007

Buyer: NatTennessee GP

46. Archived Article -

6525 N. Quail Hollow Road
Memphis, TN 38120
Sale Amount: $17.5 million

Sale Date: April 27, 2007

Buyer: Memphis-NCR LLC

47. Local Relocation Companies Help New Residents Find Housing -

First there was International Paper. Then there was ServiceMaster. Next, well, who knows?

But as corporations move their headquarters or relocate individuals to Memphis, the transferees and their families need to find new homes, just as their companies did.

48. Archived Article -

Five lots
in Enclave
Loan Amount: $15 million

Loan Date: July 18, 2006

Maturity Date: Aug. 31, 2007

49. Land Near SouthwindSells for $1.7 Million - Pedcor Investments-2005-LXXIV LP has purchased 20.74 acres near East Shelby Drive from Buckingham Farms LLC for $1.7 million. Four acres of the property is slated to become Southwind Lakes Apartments. The parcel is zoned Multiple Dwelling Residential

50. Archived Article: Lead - New Apartment Project On Tap For Southeast Shelby County

Apartments Planned For Shelby Drive Area

Southwind Lakes is Pedcors first Tennessee Venture

ANDY MEEK

The Daily News

Pedcor Investments, an Indiana-based real estate development...

51. Archived Article: Lead - New Jersey Company Invests in Memphis Multifamily

Empire Group Grows Memphis Portfolio

New Jersey company buys two more multifamily properties

LANCE ALLAN

The Daily News

Just months after investing more than $45 million in two Memphis...

52. Archived Article: Daily Digest - Lincoln on the Green

Lincoln on the Green

Financed for $31 Million

Mid-America Apartment Communities Inc. and Mid-America Apartments LP have financed the Lincoln on the Green Apartments on 26.97 acres near Southwind for $31 million, accordi...

53. Archived Article: Real Recap - 4775 American Way

American Way Property Refinanced for $2.5 Million

4775 American Way

Memphis, TN 38118

Cost: $2.5 million

Borrower: American Way Partnership

Lender: Shenandoah Life Insurance Co.

Trustee: Andrew B. Gibson Jr. 54. Archived Article: Real Recap - 7491 Wyndhurst Place

Germantown Apartments Sell for $20.7 Million

7491 Wyndhurst Place

Germantown, TN 38138

Cost: $20.7 million

Buyer: Empirian Colonnade LLC, with an undivided 75 percent interest; and Bush Realty Colonnade LLC, with ...

55. Archived Article: Daily Digest - Colonnade at Germantown

Colonnade at Germantown

Purchased for $20.7 Million

Empirian Colonnade LLC and Bush Realty Colonnade LLC have purchased the Colonnade at Germantown multifamily development for $20.7 million, according to The Daily Ne...

56. 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...

57. Archived Article: Daily Digest - Limelight to Acquire

Limelight to Acquire

Bluepoint Technologies

Memphis-based Limelight Media Group Inc. has agreed to fully acquire Salt Lake City-based Bluepoint Technologies, a privately held developer of Web-based software for managing...

58. Archived Article: Real Focus - Real

Winchester Development Not Slowing Down

LANCE ALLAN

The Daily News

Once an area with an insurance agency here, a doctors office there and a few neighborhoods scattered around, Winchester Road in southeastern Shelby County is nothing...

59. Archived Article: Lightman (lead) - By Suzanne Thompson Upscale apartment complex lands near Southwind course By Suzanne Thompson THE DAILY NEWS  A slightly overbuilt local apartment market may have slowed officials at Lightman Realty from developing a multi-million dollar apartm...

60. Archived Article: Real Focus (reits) - People just arent interested in REITs right now, said David Tannehill, Markets bullish year means bear for some Taking a backseat to techs glamour stocks, real estate investment trusts suffer in 1999 By LAURIE JOHNSON The Daily News Last year was a ...

61. Archived Article: Gov't (bfarms) - Residents, developer Residents, developer clash over apartments By KATHLEEN BURT The Daily News It's a classic David and Goliath situation. Residents of Buckingham Farms in southeast Shelby County are fighting a planned development that would allow ...

62. Archived Article: Federal Station Chg - Partnership starts apartment property in Collierville Partnership starts apartment property in Collierville By CAMILLE H. GAMBLE The Daily News A limited liability company has plans to start construction next week on a 232-unit apartment property ac...

63. Archived Article: Real Briefs - Equity Inns Inc Equity Inns Inc. has completed the purchase of a 119-room Hampton Inn in Norfolk, Va., for $5.6 million. In 1997, the company has closed on the purchase of five hotels valued at $40 million. The company also announced that its board ...

64. Archived Article: Windyke Apts - lj 10/5 cates Construction begins on Windykes second phase By LAURIE JOHNSON The Daily News Construction is underway on the second phase of Champion Hills at Windyke, a resort-style apartment complex in southeast Memphis that is being developed thro...

65. Archived Article: Lincoln Apts Chg - By CAMILLE H Dallas apartment developer re-enters Memphis market By CAMILLE H. GAMBLE The Daily News Dallas-based developer Lincoln Property Co. has started construction on a 408-unit apartment property on Rockcreek Parkway in Cordova, the first apa...

66. Archived Article: Fieldstone Lj - lj 10/5 cates Apartment complex to be first project in Fieldstone By LAURIE JOHNSON The Daily News Construction is now underway on the first project to be built in the Fieldstone Planned Development, a 220-acre, multi-use subdivision on Hacks Cross ...

67. Archived Article: 3rd Qtr Apart Chg - Third quarter apartment Third quarter apartment starts highest since 1980s By CAMILLE H. GAMBLE The Daily News New apartment construction in Shelby County peaked in the third quarter compared to third quarters for the past five years, with building ...

68. Archived Article: Mid-america 2nd Lj - lj 10/5 cates Ready to rent Sales, acquisitions, expansions contribute to MAAs performance By LAURIE JOHNSON The Daily News Mid-America Apartment Communities has marked another period of high performance, posting second quarter gains in revenues, oc...

69. Archived Article: Lincoln Chg - By CAMILLE H. GAMBLE Apartment projects begin in Cordova, Southwind By CAMILLE H. GAMBLE The Daily News Mid-America Apartment Communities has started construction on a second phase to its Lincoln on the Green apartment community in Southwind, and Me...

70. Archived Article: Fieldstone Chg - California partnership buys 22 acres at Southwind Texas partnership buys 22 acres at Southwind Embrey Partners start first phase of Fieldstone Planned Development A San Antonio, Texas-based partnership has purchased 21.7 acres of property on Hacks C...

71. Archived Article: Chg Cordova Apts - apartments Cordova/Germantown Apartment building on the rise in Cordova Apartment construction in Cordova increases By CAMILLE GAMBLE The Daily News Apartment construction in the Cordova/Germantown area is on the rise, and some developers fear the m...

72. Archived Article: Lj Real Review - Real Review 10/16 Real Review 10/16 E. B. Southwind, L.P., a Georgia limited partnership, borrowed $1.9 million from First Tennessee Bank. The company secured the loan with two parcels of land in Southwind Planned Development, according to a trust d...