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Editorial Results (free)

1. Hotel REIT Transfers 3 Germantown Properties -

7750 Wolf River Parkway Germantown, TN 38138
9314 Poplar Pike Germantown, TN 38138
9320 Poplar Pike Germantown, TN 38138

2. Park Ave. Retail Center Owner Files $1.2 Million Loan -

The owner of the 10,998-square-foot retail strip center at 3477 Park Ave. near the University of Memphis has filed a $1.2 million loan on the property.

3. Construction Slated for Solana Senior Facility -

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
Contractor: three
Architect: Rogers Construction

4. Collierville LLC Buys Warford Retail Property -

Eastview Properties LLC has bought a 9,180-square-foot, two-bay retail building from Shopping Centers of TN for $1.6 million. The building was built in 2003 on the east side of Warford Street north of James Road. It is divided into 5,100- and 4,080-square-foot bays.

5. Opening Move -

The owners of 138 run-down properties sued by the city on the recommendation of code enforcement officials will soon be due in court for a series of hearings that start later this month.

The targets of those lawsuits own everything from a collection of townhouses east of Memphis International Airport to Southern Funeral Home at 440 Vance Ave. The trait they share is the public nuisance the city believes they present.

6. Midtown Target -

Two years ago this month, awed silence greeted real estate developer Tom Marsh as he clicked through slides and walked a neighborhood group through his team’s plan.

7. Sale Could Bring Improvements To Bella Vista -

Like many projects companies launched before the recession hit, the plan for rejuvenating the 432-unit Bella Vista Apartment Homes in Hickory Hill began with such promise.

In March 2007, a newly formed company, Maple Creek Advisors LLC of Dallas, made its first multifamily acquisition with plans to invest $4 million of renovations in the property.

8. Barlow Leaves UNDC To Build Law Practice -

Memphis attorney Steve Barlow has left his full-time position as executive director of the neighborhood group that promotes revitalization around the University of Memphis.

9. Lawsuit Filed to Clean Up Medical District Property -

A state public nuisance law is being used to force the owners of a dilapidated, two-story apartment complex at 267 Ayers St. in the Medical Center District to clean it up.

10. Legislature Works to Bolster Anti-Blight Law -

Two Memphis-area lawmakers are proposing amendments to Tennessee’s Neighborhood Preservation Act, which allows homeowners to sue owners of nearby rental properties that fall into disrepair and cause home values to decline.

11. Eastview Blight Lawsuit Could Be Settled -

A relatively obscure Tennessee state statute is being used to put some legal muscle behind an effort to reverse one Memphis neighborhood’s decline.

Settlement discussions are under way in a Shelby County Chancery Court lawsuit filed by a property owner in April who lives near the blighted Eastview neighborhood. Jan Rowe, a homeowner who lives a few streets over from Eastview Drive, filed the suit to argue that the neighborhood’s public scars – which include blighted homes and duplexes, trash-strewn lots and unkempt properties owned by out-of-town investors – are creating negative ripple effects in her own neighborhood.

12. Eastview Neighbor Tries to Sue Blight Away -

The Memphis neighborhood known as Eastview gives the appearance of lacking many things. Some of those things include lawnmowers, fix-it men and the occasional visit of a code enforcement officer.

Most of the homes in Eastview, which sits directly north of East High School and an upscale shopping center, are more than 60 years old. Trash is scattered here and there in the street and in many of the yards. Some of the yards are overgrown. Cars are parked in a few of them. One of the area's vacant houses is so dilapidated it looks like it's recently been used as a giant punching bag.

13. As Home Values Rise, Eastview Residents Keep Waiting For Neighborhood Improvements -

"When I drive across this city," Memphis Mayor Willie Herenton told the audience at his New Year's Day Prayer Breakfast earlier this year, "there are some sections of Memphis that I'm not proud of. I see urban blight. I see neighborhood deterioration. I see people living in housing that's unfit for human habitation. And I want to do something about it."

14. Texas Group Readies Hickory HillApartments for Major Renovation -      After scouring the Southeast - from Texas to the Carolinas - Jeff Burk and his partners at Dallas-based Maple Creek Advisors LLC have chosen a 32-year-old property in Hickory Hill as their company's first acquisition.15. For Bella Vista Buyers, Hickory Hill Is a Beautiful Site Indeed -

3316 Hickory Hill Road
Memphis, TN 38115
Sale Amount: $10.9 million

Sale Date: March 22, 2007

Buyer: Maple Creek Properties I LP

16. Texas Investors Pay $10.9 MillionFor Hickory Hill Apartments -      A Texas partnership has bought the 432-unit Bella Vista Apartments complex on Hickory Hill Road for nearly $11 million.
     Maple Creek Properties I LP, which shares an address with Addison,

17. Plans Proposed to Revitalize Eastview -

For a blighted neighborhood in East Memphis, the time is right for a transformation.

That's not yet obvious from the sight of the trash-strewn lots, overgrown lawns, "for rent" signs and row upon row of dilapidated housing scattered throughout Eastview. But it's long been a refrain among city leaders that the neighborhood's turning point is just around the corner.

18. City Officials Eye New Sites for Redevelopment -

Following the decision issued by the U.S. Supreme Court last month in property rights case Kelo v. City of New London, speculation in Memphis quickly turned to the decision's impact on riverfront development and other targeted areas Downtown.

19. Archived Article: Real Recap - 3316 Hickory Hill Road

Eastview Apartments Sell for $7.9 Million

3316 Hickory Hill Road

Memphis, TN 38115

Cost: $7.9 million

Buyer: Eastview 432 LP

Seller: Mid-America Apartments LP

Property: Eastview Apartments at 3316 Hickory ...

20. Archived Article: Real Briefs - The June REALTOR Luncheon will be held on Wednesday, June 12 at the Memphis Area Home Builders Association from 11:45 a Memphis Area Home Builders Association hosts "MAHBA Membership Appreciation Day" Friday at Houston Levee Park. Lowes wi...

21. Archived Article: Reits Lj - lj 10/5 cates 1995 good year for REITs in Mid-South By LAURIE JOHNSON The Daily News Real estate investment trusts have been enjoying increased growth in the Mid-South, with at least two local REITs doubling their revenues in 1995. "1995 was a ...