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Editorial Results (free)

1. Faropoint, Belz Sell of Part of Retail Portfolio -

7501 Goodman Road, Olive Branch, MS 38654 and 7685 Hacks Cross Road, Olive Branch, MS 38654:  Faropoint Ventures continues to remain active in the Greater Memphis Area with the sale of two Olive Branch retail centers for a combined $9.24 million.

2. Cordova Shopping Center Sells for $3.7 Million -

The Shops of Cordova Station, located at 1010-1030 N. Germantown Parkway, has sold for $3.7 million.

TMK Cordova LLC purchased the 18,800-square-foot strip shopping center from Shops at Cordova Memphis LLC, according to a May 14 warranty deed filed with the Shelby County Register.

3. Cordova Shopping Center Sells for Almost $4M -

The Shops of Cordova Station, located at 1010-1030 N. Germantown Parkway, has sold for $3.7 million.

4. Demand for Long-Term Care Insurance Expected to Rise -

With the youngest of the country’s 70 million baby boomers now in their 50s and the average life expectancy for Americans having increased to nearly 80 years, the need for long-term illness care either at home or in assisted living facilities is on the rise. Rates for long-term care insurance have spiked in the past several years, making the decision tougher for many considering the coverage.

5. OK, Baby Boomers: Time for Some Hard Decisions -

She works in her yard, maintains a garden, watches her diet and is waiting for her exercise group to get started at the FiftyForward Center in Madison.

Asked about long-term care insurance, Eva Mai Nelson says, “I’ve thought about it. I don’t think it’s worthwhile to buy at my age.” She’s 83.

6. Winchester Court Sells for $6 Million After Foreclosure -

6740 Winchester Road
Memphis, TN 38115
Sale Amount: $6 million

Sale Date: July 31, 2013
Buyer: WBCMT 2007-C31 Winchester Court LLC
Seller: Harris P. Quinn, substitute trustee
Details: The Winchester Court retail center at Kirby Parkway and Winchester Road in Hickory Hill has sold for $6 million following a foreclosure.

7. Owner Files $2.2 Million Loan on Park Cosmorama -

The owner of the Park Cosmorama retail center at 5043 Park Ave. in East Memphis has filed a $2.2 million loan on the property.

8. Handling Long-Term Care Costs -

Ray’s Take The cost of long-term nursing home care is increasing at a dramatic pace. According to the latest Genworth Financial report, the median annual cost is now $83,950 and has risen 4.5 percent annually over the last five years.

9. Glankler Brown’s Hancock Elected Bar Foundation Fellow -

Jonathan C. Hancock of Glankler Brown PLLC has been elected a Fellow of the Tennessee Bar Foundation, an association of 710 attorneys across the state.

10. Southern Heritage Classic Founder Receives Lifetime Achievement Award -

Fred Jones has received the Arthur S. Holmon Lifetime Achievement Award from the University of Memphis Black Student Association.

11. Insurers Get OK For Treasury Funds -

LOS ANGELES (AP) – The U.S. Treasury Department has agreed to extend billions in bailout funds to six major life insurers, following a months-long quest by some in the sector for government help in shoring up capital positions in the wake of major investment losses.