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Editorial Results (free)

1. Regional Win -

In an increasingly interconnected world, having a cohesive economic regionalism strategy is becoming more of a must-have for successful metropolitan areas.

To facilitate this, the Urban Land Institute held Memphis’ first RegionSmart Summit in 2016 to gather all of the area’s government, economic development and community leaders in one place to collectively address some of the region’s most pressing planning and development issues.

2. Belz Sells Shelby Oaks EnSafe Center for $910,000 -

5710-5730 Summer Trees Drive
Memphis, TN 38134
Sale Amount: $910,000

Sale Date: Jan. 10, 2014
Buyer: EnSafe Inc.
Seller: BICO Associates GP
Details: An affiliate of Belz Enterprises has sold the five-building Shelby Oaks EnSafe Center office complex on Summer Trees Drive in Northeast Memphis for $910,000.

3. Weingarten Realty to Sell Two Industrial Properties -

Weingarten Realty Investors, a Houston-based owner, manager and developer of shopping centers, is preparing to sell its wholly-owned industrial portfolio – which includes two properties in Memphis – to New York-based DRA Advisors LLC for $382.4 million.

4. Belmont Village Senior Living Sells for $16.9 Million -

6605 Quail Hollow Road
Memphis, TN 38120

Sale Amount: $16.9 million

Sale Date: Jan. 26, 2012

5. Summer Commons Sells for $4.8M -

Summer Commons Investors LLC has bought the Summer Commons Retail Center at 5110 Summer Ave., 5124 Summer Ave., 5126 Summer Ave. and 5130 Summer Ave. from Summer Commons LLC.

6. $18.8M Loan Filed to Build Robinwood Retirement Community -

Construction Loan For Robinwood Retirement Community
Loan Amount: $18.8 million

Loan Date: Sept. 27, 2011

Maturity Date: Sept. 30, 2014, with conversion option that would extend maturity to Sept. 30, 2016

7. Mississippi Co. Finances Shelby County Car Washes -

Byhalia-based Mid-South Car Wash Investors Fund I LLC has financed multiple car wash locations across Shelby County through Liberty Bank of Arkansas for $8.9 million.

8. Commercial Real Estate Hits Doldrums -

When it comes to trends, commercial real estate usually lags residential real estate, sometimes by as much as a year. So with the housing market showing its first signs of improvement during the last month or so, the commercial sector needs to prepare itself for a long, bumpy road to recovery.

9. Commercial Real Estate Slump Continues -

The start of spring brought the first sign of hope in the commercial real estate market.

But while March sales showed a decent gain over the previous month, the numbers were significantly down compared to the same month a year ago.

10. Dental Building Sold In Cordova -

850 Willow Tree Circle, Suite 101
Cordova, TN 38018
Sale Amount: $800,000

Sale Date: March 11, 2009
Buyer: Jason Collier
Seller: William and Jeanne Locante
Loan Amounts: $633,200; $160,000
Loan Dates: March 11, 2009 (both)
Maturity Date: N/A
Lenders: The Huntington National Bank; William and Jeanne Locante

11. Goddard School Planned For Winchester Road in Collierville -

2.5 Acres
Collierville, TN 38017
Loan Amount: $1.3 Million

Loan Date: Feb. 13, 2009
Maturity Date: N/A
Borrower: R.S. Harris LLC
Lender: First Citizens National Bank

12. Houston REITs Buy $42M Share In Local Shopping Centers -

A newly formed joint venture between Weingarten Realty Investors and Hines Real Estate Investment Trust (REIT), both of Houston, has bought a majority share of two local Kroger-anchored retail centers for a combined $41.6 million.

13. Archived Article: Real Focus - By JENNIFER MURLEY Out-of-towners find Memphis real estate enticing By JENNIFER MURLEY The Daily News Within the past three years, two out-of-town commercial real estate investment firms drawn to the growth and location of Memphis have acquired near...