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Editorial Results (free)

1. Stricter Rules Unveiled for Brokers Giving Retirement Advice -

WASHINGTON (AP) – The Obama administration acted Wednesday to require that brokers who recommend investments for retirement savers meet a stricter standard that now applies to registered advisers: They must act as "fiduciaries" – trustees who are obligated to put their clients' best interests above all.

2. Space Race -

Businesses looking for office space in Nashville are learning a painful lesson that homebuyers already know – prices are high, and if you take time to shop around for a better deal, someone else is likely to snap up the property, leaving you out in the cold.

3. Recruiter’s Career Twist -

Ask Janet Miller about her remarkable career at the Nashville Area Chamber of Commerce and she’ll likely attribute it to good timing or pass credit onto others.

4. Bass Pro Shops Files $40 Million Permit -

1 A.W. Willis Ave.
Memphis, TN 38103
Permit Cost: $40 million

Project Cost: $150 million

Permit Date: Applied September 2013

Completion: 2014

Owner: City of Memphis

5. Dallas Company Buys Cordova Storage Facility -

The Cordova Stor-N-Lock at 1570 Bonnie Lane has sold for $2.1 million for the second time in four months after facing foreclosure.

6. Oklahoma Hotel Group Buys Baymont Inn -

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
Lender: InterBank
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.

7. American Mini Storage on US 64 Sells for $2.4 Million -

The 10-building, 85,390-square-foot American Mini Storage at 7399 U.S. 64 in Northeast Memphis has sold for $2.4 million following a foreclosure.

An entity called 7399 US Highway 64 Holdings LLC – which is affiliated with Miami Beach, Fla.-based loan servicer LNR Partners LLC – bought the property in a July 15 substitute trustee’s deed from Stewart G. Austin Jr. and R. Mathew Brinner of Glankler Brown PLLC.

8. University Cabanas Sell for $2.1 Million -

2059 Vollintine Ave., Memphis, TN 38107

Sale Amount: $2.1 million

Sale Date: May 20, 2013

9. University Cabanas Sell for $2.1 Million -

The 488-unit University Cabana Apartment complex at 2059 Vollintine Ave. in North Memphis has sold for $2.1 million.

10. Storage Facility Foreclosed After $3.4 Million Loan Default -

The 10-building, 85,390-square-foot American Mini Storage facility at 7399 U.S. 64 in Northeast Memphis is facing foreclosure, according to a first-run foreclosure notice in the Thursday, May 23, edition of The Daily News.

11. Cordova Stor-N-Lock Sells for $2.1 Million -

The Cordova Stor-N-Lock at 1570 Bonnie Lane has sold for $2.1 million following a foreclosure.

Special servicer C-III Asset Management LLC of Irving, Texas, bought the 54,199-square-foot property in an April 26 substitute trustee’s deed from R. Spencer Clift of Baker, Donelson, Bearman, Caldwell & Berkowitz PC, acting on behalf of the lender.

12. Sports Connection -

Between Jon Albright and Don Wade, hosts of the newly launched the “Jon & Don Show” on WHBQ Sports 56 AM 560/87.7 FM, any topic a sports fan could want to talk about is conceivable.

13. Shelby Crossing Retail Center Sells for $2M in Foreclosure -

6100 Macon Road
Memphis, TN 38134

Sale Amount: $2 million

Sale Date: July 13, 2012

14. Cordova Storage Facility Sells for $1.2 Million -

Sale and loan documents related to the recent sale of a Memphis storage facility have been filed with the Shelby County Register’s Office. Grand Central Storage, 7384 Raleigh Lagrange Road, is one of two properties bought by out-of-town entity Orchid Hill Investments for a total $4.5 million.

15. City Files $12 Million Permit App To Build Overton Square Garage -

2100 Monroe Ave.
Memphis, TN 38104

Permit Cost: $12 million

Permit Date: Applied June 2012

16. University Cabana Sells for $2.9M in Foreclosure -

The 488-unit University Cabana Apartments in North Memphis has been bought back by its most recent lender, an affiliate of Miami-based loan servicer LNR Partners LLC, after going into default last year.

17. Foreclosure Notice Filed for University Cabana -

University Cabana Apartments in North Memphis might be headed for a foreclosure auction. An affiliate of Miami-based loan servicer LNR Partners LLC has run a first-run foreclosure notice for the apartment complex at 2059 Vollintine Ave., owned by University Apartment Associates LLC.

18. Holmes Road Acreage, Lots Sell for $1.6M in Foreclosure -

Property on Holmes Road
Memphis, TN 38109

Sale Amount: $1.6 million

Sale Date: Nov. 18, 2011

Buyer: Renasant Bank

19. Galloway Gardens Apartments Sells for $1.1 Million -

1565 Galloway Ave.
Memphis, TN 38112
Sale Amount: $1.1 Million

Sale Date: Aug. 27, 2010
Buyer: Galloway Gardens LLC
Seller: Steve Benetti and Virginia Benetti
Loan Amounts: $200,000; $200,000; $916,937 (assumption)
Loan Date: Aug. 27, 2010
Maturity Dates: Aug. 27, 2011 ($200,000); Sept. 15, 2015 ($200,000); Sept. 10, 2013 ($916,937)
Lender: Regions Bank

20. Winchester Road Apts. Financed for $1.2 Million -

An apartment complex on Winchester Road that was sold at a June foreclosure sale has been financed for $1.2 million.

Saddle Vineyards LP financed the property at 3752 Winchester Road through Triumph Bank.

21. Former Cordova Applebee’s To Be Converted to IHOP -

1106 N. Germantown Parkway
Cordova, TN 38016
Sale Amount: $1.3 Million

Sale Date: April 2, 2009
Buyer: Hotcakes Cordova Venture LLC
Seller: Gourmet Systems Inc.
Loan Amount: $1.6 million
Loan Date: April 2, 2009
Maturity Date: Sept. 30, 2014
Lender: Branch Banking and Trust

22. Oakhaven Walgreens Sells for $5.6 Million -

The Walgreens store at 3177 S. Perkins Road in the Oakhaven/Parkway Village area has sold for $5.6 million to an entity called Cole WG Memphis TN LLC in a special warranty deed. The sale closed in late March with CRE Memphis Triple Net Holdings as seller.

23. Office Building to Rise In Forest Hill-Irene Subdivision -

Lot on Centre Oak Way
Germantown, TN 38138
Loan Amount: $1.1 million

Loan Date: March 31, 2008

Borrower: Reed White Holdings LLC

24. Memphis International Airport To Install Backup Generator -

3977 Airways Blvd.
Memphis, TN 38116
Permit Amount: $2 million

Project Cost: $2 million

Permit Date: April 2, 2008

25. KC Company Buys SecondMemphis Warehouse -      Kansas City Life Insurance Co. has bought a warehouse at 3363 Miac Cove in the Oakhaven/Parkway Village area for $4.5 million from MIAC Cove Investors LLC, an affiliate of Hartford, Conn.-based UBS Realty Investors LLC.

26. Archived Article -

5668 Poplar Ave. and
1000 S. Yates Road
Sale Amounts: $23.9 million; $350,000

Sale Date: May 22, 2007

27. Archived Article -

1645 W. Massey Road
Memphis, TN 38120
Sale Amount: $19.7 million

Sale Date: Jan. 12, 2007

Buyer: WC-Memphis LLC

28. San Diego Investment Co.Buys Arlington Storage Facility -      San Diego-based Equity Based Services Inc. (EBS) has expanded its Memphis-area holdings with the purchase of Lock & Latch Storage at 10505 U.S. 64 in Arlington.
     EBS-controlled Lock and

29. Mini-Storage on U.S. 64Sells for $4.3 Million -      A 10-building American Mini Storage facility at 7399 U.S. 64 west of Appling Road has been bought by four limited liability companies, or LLCs, for $4.3 million.
     BHGG LLC sold the seven

30. Archived Article -

6105 Apple Tree Drive
Memphis, TN 38115
Sale Amount: $2.5 million

Sale Date: Oct. 2, 2006

Buyer: AMS Memphis 1 Investments LLC

31. Former Getwell Gardens Gets Another Facelift -

3752 Winchester Road
Memphis, TN 38118
Loan Amount: $2.4 million

Loan Date: Sept. 14, 2006

Maturity Date: n/a

32. Archived Article: Real Recap - 3

Kirby Gate Property Financed for $4.1 Million

2715-2725 Kirby Road

Memphis, TN 38119

Cost: $4.1 million

Borrower: 2715 Kirby Parkway LLC

Lender: UBS Real Estate Investments Inc.

Trustee: Security Title Co. Inc.

Property: 27...

33. Archived Article: Daily Digest - Bromley Lane Property

Bromley Lane Property

Financed for $4.4 Million

MAC LP has financed 6.58 acres near Bromley Lane and Gillespie Road for $4.4 million, according to The Daily News Public Records Database, www.memphisdailynews.com. UBS R...

34. Archived Article: Real Recap - Developer refinances Shoppes at Hacks Cross

Developer Refinances Shoppes of Hacks Cross

Shoppes of Hacks Cross

near Winchester Road

Cost: $7 million

Borrower: Hacks Winchester LLC

Lender: Morgan Stanley Mortgage Capital Inc.


35. Archived Article: Real Review - First American, LandAmerica First American, LandAmerica join forces to eAppraiseIT Two titans of the title insurance industry have joined forces to create what they claim is the "nation's largest provider of real estate valuation services."...