An Arizona-based real estate firm has acquired a Memphis mini-storage facility for $3.8 million.

Phoenix-based AMERCO Real Estate Co. bought the American Mini Storage facility at 7399 U.S. 64 from 7399 US Highway 64 Holdings LLC, which is affiliated with Florida-based LNR Partners Inc., for $3.8 million, according to a Feb. 24 warranty deed.

2. Memphis Industrial Portfolio Sells for $86.3 Million - Monday, March 2, 2015

A Minnesota-based real estate investment trust has acquired a large Memphis industrial portfolio for $86.3 million, one of the largest transactions ever recorded in the Memphis market.

Welsh Property Trust acquired the six-building, 2.3 million-square-foot portfolio from DCT Industrial Trust in a sale that was finalized last week. Built between 1998 and 2001, the six buildings are located in the Eastpark, Chickasaw and Southpoint Industrial Parks. The purchase price breaks down to about $37 per square foot.

3. Memphis Industrial Portfolio Sells for $82.6 Million - Monday, March 2, 2015

A Minnesota-based real estate investment trust has acquired a large Memphis industrial portfolio for $82.6 million, one of the largest transactions ever recorded in the Memphis market.

Welsh Property Trust acquired the six-building, 2.3 million-square-foot portfolio from DCT Industrial Trust in a sale that was finalized last week. Built between 1998 and 2001, the six buildings are located in the Eastpark, Chickasaw and Southpoint Industrial Parks. The purchase price breaks down to about $37 per square foot.

4. Brewery Developers Buy Site for New Apartment Building - Tuesday, March 3, 2015

11 Butler Ave.
Memphis, TN 38103
Sale Amount: $1.25 million

Sale Date: Feb. 23, 2015
Buyer: 495 Tennessee LLC
Seller: BCH Investments LLC
Details: The team behind the development of the historic Tennessee Brewery has acquired a key piece of property adjacent to the long-vacant structure as plans for the new Tennessee Brewery: The Revival series of events there move forward.

5. Arizona Real Estate Firm Buys Storage Facility for $3.8 Million - Monday, March 2, 2015

An Arizona-based real estate firm has acquired a Memphis mini-storage facility for $3.8 million.

Phoenix-based AMERCO Real Estate Co. bought the American Mini Storage facility at 7399 U.S. 64 from 7399 US Highway 64 Holdings LLC, which is affiliated with Florida-based LNR Partners Inc., for $3.8 million, according to a Feb. 24 warranty deed.

6. FedEx Supply Chain Seeks $5.2M Permit - Saturday, February 28, 2015

FedEx Supply Chain Services is preparing to make improvements to a large southeast Memphis warehouse.

FedEx Supply Chain Services has applied for a $5.2 million building permit through the city-county Office of Construction Code Enforcement to make improvements to an employee entrance at 6005 Freeport Road, a 547,216-square-foot industrial building. Metro Construction LLC is listed as the contractor on the application.

7. Developer Charlie Ryan Focusing on Central-Cooper Intersection - Tuesday, February 24, 2015

765 Tanglewood St.
Memphis TN 38104
Sale Amount: $27,000

Sale Date: Feb. 9, 2015
Buyer: Charles S. “Charlie” Ryan
Seller: Cowles Development Company LLC
Details: Developer Charles S. “Charlie” Ryan has acquired a key piece of Midtown property.

8. Kuehne & Nagel Seeks $5.2 Million Permit - Monday, February 23, 2015

Kuehne & Nagel is preparing to make improvements to its southeast Memphis warehouse.

Kuehne & Nagel has applied for a $5.2 million building permit through the city-county Office of Construction Code Enforcement to make improvements to an employee entrance at 6005 Freeport Road, a 547,216-square-foot industrial building built in 2000. Metro Construction LLC is listed as the contractor on the application.

9. Memphis Industrial Market Rebounds in 2014 - Monday, January 5, 2015

The upswing in the industrial real estate sector that started in 2012 and gained momentum in 2013 continued in 2014 and the Memphis market, fueled by several large transactions late in the year, should top 2013's level of around 3.2 million square feet of absorption.

10. Highland Row Developer Applies for $6.7 Million Permit - Tuesday, November 11, 2014

387 S. Highland St.
Memphis, TN 38111
Permit Amount: $6.7 million

Project Cost: $61 million
Application Date: November 2014
Engineer: Jordan & Skala Engineers
Details: Indianapolis-based developer Milhaus Ventures has applied for another building permit for the long-awaited Highland Row project near the University of Memphis.

11. Former Marriott Hotel Sells for $5.1 Million - Saturday, November 8, 2014

An East Memphis hotel has been sold for $5.1 million.

JPMCC 2007 CIBC19 Lodging 2625 LLC sold The Hotel Memphis at 2625 Thousand Oaks Blvd., near Perkins Road and Interstate 240, to Jubilee Hotels Group LLC, according to an Oct. 29 warranty deed.

12. Former Marriott Hotel Sells for $5.1 Million - Tuesday, November 4, 2014

An East Memphis hotel has been sold for $5.1 million.

JPMCC 2007 CIBC19 Lodging 2625 LLC sold The Hotel Memphis at 2625 Thousand Oaks Blvd., near Perkins Road and Interstate 240, to Jubilee Hotels Group LLC, according to an Oct. 29 warranty deed.

13. Forest Hill Technology Center Sells for $5.2 Million - Tuesday, April 29, 2014

3860 Forest Hill-Irene Road
Germantown, TN 38125
Sale Amount: $5.2 million

Sale Date: March 31, 2014
Buyer: 3860 Forest Hills Irene LLC
Seller: BACM 2007-1 Irene Road LLC
Loan Amount: $5.6 million
Loan Date: April 17, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA

14. Forest Hill Technology Center Sells for $5.2 Million - Thursday, April 24, 2014

An affiliate of Nashville-based real estate investment company Anchor Investments LLC has paid $5.2 million for the Forest Hill Technology Center at 3860 Forest Hill-Irene Road in Germantown.

15. Exeter Property Group Acquires Industrial Portfolio - Tuesday, March 11, 2014

Exeter Property Group has acquired a 4.4 million-square-foot industrial portfolio – including four properties in Memphis – for $132 million.

Exeter recently acquired the properties located in Memphis, Nashville and Columbus, Ohio, from LNR Property LLC, a special servicer appointed to the portfolio upon its transfer from London-based Strategic Realty Advisors Ltd. in June 2013.

16. Olymbec Acquires 13-Building Bellbrook - Friday, November 15, 2013

Olymbec USA LLC has snatched up two more key Memphis properties, including the 1.8 million-square-foot Bellbrook industrial park.

17. Developer Buys Land for Somerset Subdivision - Tuesday, November 5, 2013

26.3 Acres near Neshoba
And Germantown Roads
Sale Amount: $1.5 million

Sale Date: Oct. 28, 2013
Buyer: Somerset-Exeter GP
Seller: Owen Investments LP
Loan Amount: $2.8 million
Loan Date: Oct. 28, 2013
Maturity Date: Oct. 28, 2016
Lender: Kent Wunderlich
Details: An entity related to Germantown-based developer McNeill Investment Co. has paid $1.5 million for 26.3 acres near the intersection of Germantown and Neshoba roads.

18. Lamar Avenue Storage Facility Sells for $1 Million - Tuesday, October 29, 2013

An affiliate of Austin, Texas-based real estate investment firm World Class Capital Group has paid $1 million for the 63,740-square-foot A-AAA Key Mini Storage facility at 3951 Lamar Ave. in Oakhaven.

19. Oklahoma Hotel Group Buys Baymont Inn - Tuesday, August 20, 2013

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.

20. American Mini Storage on US 64 Sells for $2.4 Million - Friday, August 16, 2013

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.

21. Winchester Court Sells for $6 Million After Foreclosure - Tuesday, August 13, 2013

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.

22. Winchester Court Sells for $6 Million After Foreclosure - Friday, August 9, 2013

The Winchester Court retail center at Kirby Parkway and Winchester Road in Hickory Hill has sold for $6 million following a foreclosure.

An affiliate of Miami Beach, Fla.-based loan servicer LNR Partners LLC bought the property – composed of four parcels – in a July 31 substitute trustee’s deed from Harris P. Quinn of the law firm Prochaska Thompson Quinn & Ferraro PC.

23. University Cabanas Sell for $2.1 Million - Tuesday, June 4, 2013

2059 Vollintine Ave., Memphis, TN 38107

Sale Amount: $2.1 million

Sale Date: May 20, 2013

24. University Cabanas Sell for $2.1 Million - Monday, June 3, 2013

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

25. Apperson Crump Expands in Triad III - Friday, March 15, 2013

Memphis’ oldest continuously practicing law firm is expanding its presence in Triad III.

Apperson Crump PLC added 2,037 square feet to its seventh floor space in a vacant adjacent area between Silverleafe Capital Partners LLC.

26. Warehouse Sells for $7 Million Following Foreclosure - Tuesday, February 26, 2013

The 474,480-square-foot warehouse at 6125 E. Shelby Drive in Hickory Hill has sold for slightly less than $7 million following a foreclosure.

27. Memphis Marriott Sells for $12.4 Million in Foreclosure - Tuesday, February 12, 2013

2625 Thousand Oaks Blvd. Memphis, TN 38118

Sale Amount: $12.4 million

28. Memphis Marriott Sells for $12.4 Million in Foreclosure - Friday, February 8, 2013

Memphis Marriott at 2625 Thousand Oaks Blvd. has sold in foreclosure for $12.4 million after its previous owner, Kentucky-based CP Memphis Properties LLC, defaulted on a $38 million loan.

29. Atlantic Track Grows Local Operations - Friday, January 11, 2013

Bloomfield, N.J.-based Atlantic Track & Turnout Co. is expanding its Memphis operations with a 12,900-square-foot pre-engineered metal building addition with a bridge crane at 363 E. Bodley Ave.

30. Lender Buys MIAC for $14.3 Million - Monday, November 5, 2012

Memphis International Airport Center sold back to the lender for $14.3 million Wednesday, Oct. 31, on the Shelby County Courthouse steps following a foreclosure.

CSMC 2007-C1 Air Center LLC bought the nine-building, 1.1 million-square-foot industrial portfolio from substitute trustee Harris P. Quinn, shareholder with Prochaska Thompson Quinn & Ferraro P.C. The lender was the only bidder at the sale.

31. Lender Buys MIAC for $14.3M - Thursday, November 1, 2012

Memphis International Airport Center sold back to the lender for $14.3 million Wednesday, Oct. 31, on the Shelby County Courthouse steps following a foreclosure.

CSMC 2007-C1 Air Center LLC bought the nine-building, 1.1 million-square-foot industrial portfolio from substitute trustee Harris P. Quinn, shareholder with Prochaska Thompson Quinn & Ferraro P.C. The lender was the only bidder at the sale.

32. Lender Buys MIAC for $14.3M - Friday, November 2, 2012

Memphis International Airport Center sold back to the lender for $14.3 million Wednesday, Oct. 31, on the Shelby County Courthouse steps following a foreclosure.

CSMC 2007-C1 Air Center LLC bought the nine-building, 1.1 million-square-foot industrial portfolio from substitute trustee Harris P. Quinn, shareholder with Prochaska Thompson Quinn & Ferraro P.C. The lender was the only bidder at the sale.

33. Brinkley Plaza Sells to Olymbec for $7.2 Million - Monday, October 29, 2012

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.

34. Brinkley Plaza Sells to Olymbec for $7.2M - Friday, October 26, 2012

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.

35. Firms Make Investments in Memphis Distribution - Tuesday, July 10, 2012

In the past month, a pair of out-of-town firms have scooped up local distribution warehouses, growing its Memphis industrial real estate portfolio and planning for more.

Montreal-based Olymbec USA LLC recently closed on its $1.5 million purchase of 3615 Lamar Ave. from an entity affiliated with Miami-based loan servicer LNR Partners LLC.

36. Canadian Company Adds To Memphis Portfolio - Wednesday, July 4, 2012

A Canadian real estate investment group has purchased a 157,000-square-foot industrial warehouse in South Memphis for $1.5 million, marking the firm’s second Memphis acquisition in 18 months.

Montreal-based Olymbec USA LLC bought the Class C facility at 3615 Lamar Ave. from FUCMS 2001-C2 Lamar Industrial LLC, an entity affiliated with Miami-based loan servicer LNR Partners LLC.

37. Canadian Firm Acquires South Memphis Warehouse for $1.5M - Tuesday, July 3, 2012

A Canadian real estate investment group has purchased a 157,000-square-foot industrial warehouse in South Memphis for $1.5 million, marking the firm’s second Memphis acquisition in 18 months.

38. Dunavant Development Buys Bartlett Logistics Portfolio - Friday, June 22, 2012

Dunavant Development Co. has reached a deal to buy Bartlett Logistics, a 515,000-square-foot multi-tenant flex portfolio consisting of Bartlett Logistics Park, at 8370-8500 Wolf Lake Blvd., and Stage Hills Industrial Park, 3080-3150 Stage Post Road. Dunavant bought the property from CMLT 2008-LS1 Wolf Lake Drive LLC (LNR Partners).

39. Dunavant Development Buys Bartlett Logistics Portfolio - Thursday, June 21, 2012

Dunavant Development Co. has announced it’s reached a deal to buy Bartlett Logistics, a 515,000-square-foot multi-tenant flex portfolio consisting of Bartlett Logistics Park, at 8370-8500 Wolf Lake Blvd., and Stage Hills Industrial Park, 3080-3150 Stage Post Road.

40. City Files $12 Million Permit App To Build Overton Square Garage - Tuesday, June 19, 2012

2100 Monroe Ave.
Memphis, TN 38104

Permit Cost: $12 million

Permit Date: Applied June 2012

41. University Cabana Sells for $2.9M in Foreclosure - Tuesday, June 12, 2012

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.

42. Former Mall Acreage to be Industrial Development - Tuesday, April 24, 2012

Acreage on Former
Mall of Memphis Site

Sale Amount: $2.7 million

Sale Date: April 18, 2012

Buyer: Memphis Industrial Properties LLC

43. Waterford Place Apts. Sells for $21.5 Million - Monday, April 23, 2012

The 320-unit Waterford Place Apartments in Southeast Shelby County has sold for $21.5 million, $3 million more than an entity affiliated with special service lender LNR Partners LLC paid for it at a May foreclosure sale.

44. Villas at Cordova Sells for $19.3M - Friday, April 20, 2012

Los Angeles-based investment fund QVT Mount Auburn Capital LP, working under the name Memphis Villas LLC, has bought The Villas at Cordova apartments for $19.3 million – $5 million more than the complex sold for in foreclosure last year.

45. Colonnade at Germantown Sells for $23 Million - Tuesday, April 17, 2012

7491 Wyndhurst Place or 7455 Wolf River Blvd.
Germantown, TN 38138

46. Sentinel Buys G'town Apts. for $23.1 Million - Monday, April 16, 2012

New York-based Sentinel Real Estate Corp., working under the name VA Germantown LLC, has bought The Colonnade at Germantown apartments for $23.1 million from DMARC 2006-CD2 Wyndhurst Place LLC, an entity affiliated with Miami-based special service lender LNR Partners LLC.

47. Foreclosure Notice Filed for University Cabana - Friday, January 27, 2012

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.

48. Stonebridge Apartments Sells for $22 Million - Tuesday, December 20, 2011

9135 U.S. 64 and 9225 U.S. 64
Memphis, TN 38016

Sale Amount: $21.9 million

Sale Date: Dec. 6, 2011

Buyer: AB Merion Stonebridge LLC

49. ‘Get In and Out’ - Monday, December 19, 2011

In a local commercial real estate market where prices have plunged as much as 40 percent from 2007 peaks, special service companies are taking advantage of opportunities for buying distressed debt.

50. LNR Buys Warehouse at 3615 Lamar - Tuesday, December 13, 2011

FUCMS 2001-C2 Lamar Industrial LLC, an entity affiliated with Miami-based loan servicer LNR Partners LLC, has bought a warehouse at 3615 Lamar Ave. at a foreclosure auction for $1.6 million after borrower 3615 Lamar Partners LLC defaulted on a $3.7 million loan backed by the property. The limited liability company took out that loan through First Union National Bank in February 2001.

51. LNR Buys Germantown Apartments for $17.1M - Tuesday, December 13, 2011

7491 Wyndhurst Place or
7455 Wolf River Blvd.
Germantown, TN 38138

52. LNR Partners Buys Germantown Apts. - Wednesday, December 7, 2011

DMARC 2006-CD2 Wyndhurst Place LLC, an entity affiliated with Miami-based LNR Partners LLC, has bought Oakwood temporary housing apartment complex at 7455 Wolf River Blvd. in Germantown at a foreclosure sale for $17.1 million.

53. Cross Creek Shopping Ctr. Sells for $12.7 Million - Tuesday, November 22, 2011

3469 Riverdale Road, 3505 Riverdale Road and 3587 Riverdale Road
Memphis, TN 38115
Sale Amount: $12.7 million

54. Cross Creek Shopping Center Sells for $12.7 Million - Thursday, November 17, 2011

Commack, N.Y.-based Allied Development of Memphis LLC has bought Cross Creek Shopping Center for $12.7 million.

55. Trinity Ridge Business Ctr. Sells for $7.6 Million - Tuesday, November 15, 2011

7730 Trinity Road, 7740 Trinity Road, 7750 Trinity Road, 7760 Trinity Road and 7866 Trinity Road
Cordova, TN 38018
Sale Amount: $7.6 million

56. Airport Hotel, Conference Center Sells for $4.4M in Foreclosure - Tuesday, August 16, 2011

2240 Democrat Road
Memphis, TN 38132
Sale Amount: $4.4 million

Sale Date: July 22, 2011

57. Waterford Place Apartments Sells in Foreclosure for $18.2M - Thursday, August 11, 2011

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.

58. Villas at Cordova Complex Sells for $14.2M in Foreclosure - Tuesday, July 26, 2011

8546 Prestine Loop
Cordova, TN 38018
Sale Amount: $14.2 million

Sale Date: May 11, 2011

59. Villas at Cordova Sells for $14.2M - Thursday, July 21, 2011

The Villas at Cordova apartment complex at 8546 Prestine Loop in Cordova has sold in a substitute trustee’s deed following a foreclosure for $14.2 million.

60. MEPPI Buys Rivergate Park Acreage For Transformer Plant - Tuesday, June 7, 2011

186.2 Acres In Rivergate Industrial Park
Sale Amount: $3.7 million
Sale Date: May 31, 2011

Buyer: Mitsubishi Electric Power Products Inc.
Seller: Belz Investco GP
Details: Warrendale, Pa.-based Mitsubishi Electric Power Products Inc. has bought three parcels in Rivergate Industrial Park from Belz Investco GP for $3.7 million. The deal closed May 31. The first parcel is 9.3 acres on the north side of Riverport Road (listed in the deed as Rivergate Road). It backs McKellar Lake, and the Shelby County Assessor of Property’s 2011 appraisal is $419,000. The second parcel is 63 acres on the south side of Riverport Road, appraised at $604,600. The third parcel is 113.9 acres on the north side of Riverport Road, wrapping around the 9.3-acre parcel and including an offshoot of McKellar Lake. Its 2011 appraisal is $769,600.
MEPPI announced in mid-February it would build a $200 million transformer manufacturing plant in Belz Enterprises Inc.-owned Rivergate Industrial Park.
In March, the Shelby County Commission and Memphis City Council each put in $1 million toward infrastructure financing for the project.

61. Bartlett Warehouses Sell for $15M in Foreclosure - Monday, June 6, 2011

CMLT 2008-LS1 Wolf Lake Drive LLC, an entity affiliated with Miami Beach, Fla.-based LNR Partners LLC, has bought 10 parcels comprising 15 addresses in Bartlett Logistics Center at a foreclosure sale for $15 million. CMLT 2008-LS1 Wolf Lake Drive LLC was the current lender for the property.

62. WPG Americas Signs Lease in Southaven - Friday, March 18, 2011

A San Jose, Calif.-based worldwide electronics distributor is entering the Memphis area with full force.

WPG Americas Inc. has signed a 54,000-square-foot lease at Airways Distribution Center, 481 Industrial Drive, in Southaven. The project – a relocation of the WPG America’s New York facility – represents a $1.5 million investment by the company and will create 60 jobs over the next three years.

63. Carlisle Corp. Files Building Permit For Downtown Corporate Headquarters - Tuesday, April 27, 2010

263 Wagner Place
Memphis, TN 38103
Permit Amount: $1.5 Million

Project Cost: $2.7 million
Permit Date: Applied April 2010
Completion: TBA
Owner: Carlisle Corp.
Tenant: Carlisle Corp.
Contractor: N/A
Architect: N/A

64. Woodbriar Sells to Chattanooga Investor - Tuesday, April 20, 2010

The 172-unit Woodbriar Apartments at 4505 Wooddale Ave. in Oakhaven sold last week for $946,000 to a Chattanooga-based company called UIGTN LLC.

65. Commercial Sales Close 2009 on High Note - Thursday, January 21, 2010

Shelby County’s commercial real estate market saved its best for last in 2009, as the final month registered the highest sales total and largest dollar volume all year.

Not only that, but December marked the first year-over-year increase for a month during 2009 and the first year-over-year increase for a month since December 2007.

66. In-Rel Buys Former Comcast Building, Renames it “Quince Centre” - Tuesday, December 22, 2009

6555 Quince Road
Memphis, TN 38119
Sale Amount: $5 million
Sale Date: Dec. 7, 2009

Buyer: 6555 Quince Building Owner LLC
Seller: BACM 2000-2 Quince Road LLC
Loan Amount: $3.1 million
Loan Date: Dec 7, 2009
Maturity Date: N/A
Lender: Insbank

67. In-Rel Closes On Quince Office Building - Wednesday, December 16, 2009

In-Rel Management Inc. has bought the 123,924-square-foot office building at 6555 Quince Road in the Quince/Ridgeway area of Southeast Memphis for $5 million in a special warranty deed.

68. Airport Authority Files Permit For Parking Garage, Rental Car Facility - Tuesday, October 20, 2009

2491 Winchester Road
Memphis, TN 38116
Permit Amount: $135 Million

Project Cost: $150 million
Permit Date: Applied October 2009
Completion: TBA
Owner: Memphis-Shelby County Airport Authority
Tenant: Memphis International Airport
Contractor: TBA
Architect: Walker Parking Consultants

69. Overlook Apartments Sell for $1.5 Million - Tuesday, October 13, 2009

The 252-unit Overlook Apartments complex at 3085 and 3158 Steele St. in Frayser sold Oct. 1 for a combined $1.5 million to a Chattanooga-based company called UIGTN LLC. The entity bought the property as an REO (real estate owned) asset from LNR Partners Inc. of Florida, which operated in the deal as LBUBS 2001-C3 Steele Street.

70. Raleigh Apartments Follow Foreclosure Trend - Thursday, September 10, 2009

The foreclosure crisis has claimed another multimillion-dollar commercial victim, this one the 432-unit Jamesbridge apartments in Raleigh.

A first-run foreclosure notice against the multifamily complex’s owner begins on Page 42 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

71. Commercial Real Estate Pocked by Financial Ruins - Monday, August 3, 2009

Commercial real estate deals used to be hammered out in boardrooms, but with the rise of foreclosures in that sector, many of them are now being negotiated at the courthouse.

The steps of the Shelby County Courthouse proved to be a hot spot for high-dollar, high-profile commercial deals in June, a month that saw the most lucrative transaction and two of the top three sales occur following foreclosures.

72. Barboro Flats Developer To Begin Second Phase - Tuesday, July 21, 2009

100 S. Main St.
Memphis, TN 38103
Permit Amount: $8 Million
Project Cost: $18.2 million
Permit Date: Applied July 2009
Completion: Summer 2010
Owner: 100 South Main Partners
Tenant: TBA
Contractor: Montgomery Martin Contractors LLC
Architect: Looney Ricks Kiss Architects Inc.

73. Office Building Fetches $5M in Foreclosure Sale - Tuesday, July 14, 2009

The Class A office building at 6555 Quince Road in the Quince/Ridgeway area of East Memphis sold June 19 for $5 million on the steps of the Shelby County Courthouse in a substitute trustee’s deed.

74. Winbranch Apartments Sold Following Foreclosure - Tuesday, June 23, 2009

3595 Millbranch Road
Memphis, TN 38116
Sale Amount: $4 Million

Sale Date: June 4, 2009
Buyer: LBUNS 2004-C4 Millbranch Road LLC
Seller: Ronald G. Steen Jr., successor trustee

75. Winbranch Apartments Sold After Foreclosure - Tuesday, June 16, 2009

The 460-unit Winbranch Apartments at 3595 Millbranch Road in Whitehaven sold June 4 for $4 million in a successor trustee’s sale following a foreclosure. The sprawling multifamily complex sold on the Shelby County Courthouse steps to an entity called LBUNS 2004-C4 Millbranch Road LLC, which is a local affiliate of Miami-based LNR Partners Inc.

76. Loan Filed for Phase Two Of Centennial Gardens Apartments - Tuesday, January 27, 2009

7751 Centennial Drive
Memphis, TN 38125
Loan Amount: $11.5 Million

Loan Date: Jan. 15, 2009
Maturity Date: Jan. 15, 2013
Borrower: Lightman Centennial Gardens Co.
Lender: SunTrust Bank

77. Cordova’s Trinity Place Sells for $4.3 Million - Tuesday, January 20, 2009

The Trinity Place shopping center at 7990 Trinity Road in Cordova sold for $4.3 million in a trustee’s deed to JPMCC 2006-LDP7 Trinity Place LLC.