Editorial Results (free)
1. Last Word: Being Fourth, Barbecue and Davos on the Delta and Steamboat Exit
- Wednesday, May 16, 2018
Not. Top. Three. The Grizz got the fourth pick of the NBA draft in Tuesday’s draft lottery in Chicago. Grizz president of business operations Jason Wexler had probably the best reaction on Twitter: “So for the next 5 weeks we are in a window where everyone can be wrong and everyone can be right at the same time.” The memory of Hasheem Thabeet’s arrival in Memphis looms large in this uncertainty and draft day is the only thing that can make that memory fade. At least for now, that image just got a bit sharper. And it becomes more vivid every time between now and the draft in June that you start a sentence with “The Grizz could still…”
2. Jernigan Sees Big Market for Company He's Moving to Memphis
- Wednesday, August 12, 2015
Dean Jernigan spent the better part of a roughly 40-minute earnings presentation to analysts early Wednesday, Aug. 12, detailing not just the latest quarterly results for his newly public company, Jernigan Capital, but also why it exists in the first place.
3. Jernigan Capital Moving HQ to Memphis
- Wednesday, August 12, 2015
Dean Jernigan, the founder of Storage USA and a businessman with deep ties to Memphis, is preparing to move the headquarters of his newly public company, Jernigan Capital, to Memphis.
4. 'En Fuego'
- Saturday, August 1, 2015
When Southaven Mayor Darren Musselwhite took office in June 2013, one of the first tasks that landed on his desk was a long-planned regional outlet mall.
The outlet mall, planned for a roughly 33-acre site at Church Road and Interstate 55 in the DeSoto County city, had been on the drawing board for some time, but the recession and its aftermath caused developers and Mississippi officials to put it on hold.
5. City Council to Get Update Halfway Into Fiscal Year
- Tuesday, March 3, 2015
Memphis City Council members return to the matter of city finances Tuesday, March 3, with a financial review in a 9:30 a.m. committee session that marks the halfway point in the city’s fiscal year.
6. Fogelman Affiliate Files Loan on Former Cozymel’s Site
- Tuesday, December 30, 2014
6450 Poplar Ave.
Memphis, TN 38119
Loan Amount: $6.1 million
Loan Date: Dec. 17, 2014
Maturity Date: Jan. 1, 2023
Borrower: Crown Centre LLC
Lender: Financial Federal Bank
Details: A company affiliated with Robert F. Fogelman II has filed a loan on a key piece of East Memphis land.
7. Blackie’s Body Shop Endures Changing Industry
- Monday, December 15, 2014
Cars are a lot different, and the business of an auto body shop is too, since Delmus “Blackie” Moore opened a body shop on Fourth Street in Downtown Memphis in 1951.
The business of body work is much faster, with less time for the custom work that once was much of Blackie Moore’s stock in trade.
8. City Council Reviews Fire Budget
- Tuesday, May 20, 2014
Memphis City Council members resume budget deliberations Tuesday, May 20, in committee sessions that take up half of the council day at City Hall.
Most of the time spent in the budget committee, chaired by council member Lee Harris, will be devoted to a review of the Memphis Fire Department budget proposal.
9. Dallas Company Buys Macon Road Center
- Tuesday, April 15, 2014
6100 Macon Road
Memphis, TN 38134
Sale Amount: $1.2 million
Sale Date: March 26, 2014
Buyer: PNL Cumberland LLC
Seller: Flagstar Bank FSB
Loan Amount: $862,500
Loan Date: April 1, 2014
Maturity Date: N/A
Lender: Pinnacle Bank
Details: An affiliate of Dallas-based The PNL Cos. has paid $1.2 million for the 30,000-square-foot shopping center at 6100 Macon Road in Northeast Memphis.
10. 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.
11. 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.
12. Green Growth
- Wednesday, September 18, 2013
Tioga Environmental Consultants is adding new staff and ramping up for an increased workload, due at least in part to new commercial regulations expected next year on lead-based paint in commercial facilities.
13. 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
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.
14. 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.
15. Raleigh Sam’s Club Sells for $11.4 Million
- Tuesday, July 30, 2013
2150 Covington Pike
Memphis, TN 38128
Sale Amount: $11.4 million
Sale Date: June 25, 2013
Buyer: Realty Income Properties 25 LLC
Seller: Dune SC Sub II LLC
Details: The Sam’s Club at 2150 Covington Pike in Raleigh has sold for $11.4 million to a California investor.
16. Storage Facility Foreclosed After $3.4 Million Loan Default
- Thursday, May 23, 2013
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.
17. Virginia Company Buys Poplar Avenue Retail Property
- Tuesday, April 30, 2013
7665 Poplar Ave. Germantown, TN 38138
Sale Amount: $2.9 million
Sale Date: April 19, 2013
18. Shelby Crossing Retail Center Sells for $2M in Foreclosure
- Tuesday, July 31, 2012
6100 Macon Road
Memphis, TN 38134
Sale Amount: $2 million
Sale Date: July 13, 2012
19. Nursing Home Owner Files $13 Million Loan
- Tuesday, July 24, 2012
3549 Norriswood Ave.
Memphis, TN 38111
Loan Amount: $13 million
Loan Date: July 13, 2012
20. Amsdell Cos. Buys Two Storage Facilities
- Thursday, July 19, 2012
Cleveland-based Amsdell Cos. has bought a pair of storage facilities from Memphis Storage Group LLC for a combined $4.2 million.
21. Hertz Closes On Memphis CRE Portfolio
- Wednesday, April 4, 2012
Hertz Investment Group LLC has completed its acquisition of five Memphis office buildings, marking the firm’s return to the Bluff City and focus shift to secondary and tertiary markets.
22. Site Work for St. Jude Tower Part of Permit Application
- Tuesday, March 13, 2012
315 Danny Thomas Place
Memphis, TN 38105
Permit Cost: $5 million
Project Cost: $190 million
23. $1.5 Million Loan Filed For Future Vantage Point Golf
- Tuesday, March 6, 2012
Future Vantage Point Golf Center
Loan Amount: $1.5 million
Loan Date: Feb. 28, 2012
Maturity Date: March 1, 2037
Borrower: Vantage Point Holdings LLC
24. $18.8M Loan Filed to Build Robinwood Retirement Community
- Tuesday, October 11, 2011
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
25. Substantial Deal Inked By Ontario-Based Manufacturer
- Friday, September 9, 2011
A substantial lease has been signed in a formerly distressed southwest Memphis industrial park that has made leaps and bounds since it was purchased by an out-of-town investor earlier this year.
KIK Custom Products, an Ontario-based manufacturer of national and retail brand consumer products, has signed a lease for 115,000 square feet in the Space Center Industrial Park, 265-353 Titan Drive.
26. Cabot Affiliate Buys Airport Industrial Warehouse
- Tuesday, April 12, 2011
3924 Crowfarn Drive
Memphis, TN 38118
Sale Amount: $2.2 million
Sale Date: March 28, 2011
Buyer: Cabot III-TN1M01 LLC
Seller: MM Industrial Memphis LLC
27. Civil Rights Museum Files Permit for Phase One Redesign
- Monday, January 17, 2011
450 Mulberry St.
Memphis, TN 38103
Permit Amount: $1 million
Permit Date: Applied January 2011
Owner: State of Tennessee
Tenant: National Civil Rights Museum Foundation
Architect: Self Tucker Architects Inc.
28. Enjoying the Ride
- Thursday, September 16, 2010
From Audrey Hepburn and Gregory Peck zipping past the Colosseum in “Roman Holiday” to vintage photographs of suit-wearing mods cruising the streets of 1960s London, the word ‘Vespa” evokes a stream of iconic pop culture images.
29. Mr. Ching's Opus
- Tuesday, March 30, 2010
Songs of farewell are staples of operatic repertoire, but supporters of Opera Memphis soon will be singing a new lament.
Earlier this month, artistic and general director Michael Ching, whose leadership of the company spans nearly two decades, announced his resignation.
30. American Resource Systems Keeps Communications Going
- Monday, February 15, 2010
When an important order comes due at American Resource Systems Inc., the “super-duper crew” gets the job done.
31. Bankruptcy Judge Rejects Beale Street Hip-Hop Club
- Tuesday, June 16, 2009
A federal bankruptcy court judge has scrapped plans to reopen the old Pat O’Brien’s on Beale Street as a two-day-a-week nightspot with a dress code.
The plan by Cato Walker and Curtis Givens to open “Liquid On Beale” drew opposition from Beale Street developer John Elkington and his Performa Entertainment Real Estate Inc., as well as the Beale Street Merchants Association.
32. Permit Filed For Owens Corning Alteration
- Tuesday, April 7, 2009
693 Corrine Ave.
Memphis, TN 38107
Permit Cost: $600,000
Permit Date: Applied March 2009
Owner: Belz Union Realty Co. GP
Tenant: Owens Corning Corp.
Contractor: Southern Integrated Services Inc.
33. Storage Portfolio Sells for $2.4 Million
- Wednesday, March 11, 2009
A collection of limited liability companies called the Northwest and Southern Self Storage Partnership has bought two self-storage facilities for $2.4 million from 4Guys LLC, which developed the properties in the 1990s. The portfolio includes the Southern Self Storage facility at 4740 Getwell Road in the Oakhaven/Parkway Village area and the Northwest Self Storage facility at 3891 Thomas St. in Frayser.
34. St. Clair Expands In Rough Economy
- Friday, September 19, 2008
When Oscar Edmonds III bought St. Clair Foods in 1976, the company employed two people and manufactured four salad dressings in an 1,800-square-foot space off Highland Avenue.
Fast forward to 2008: Through steady growth orchestrated by Edmonds and his management team, St. Clair Foods now employs 220 people and manufactures more than 90 food products in its 120,000-square-foot building in Whitehaven’s Bellbrook Industrial Park.
35. Archived Article
- Tuesday, November 6, 2007
2855 N. Houston Levee Road
Cordova, TN 38016
Sale Amount: $4.6 million
Sale Date: Oct. 23, 2007
Buyer: JF Storage Holding LLC
36. Archived Article
- Tuesday, June 26, 2007
5539 Elvis Presley Blvd.
Memphis, TN 38116
Sale Amount: $3.1 million
Sale Date: June 8, 2007
Buyer: ArciTerra DG Memphis TN LLC
37. Memphis Self Storage GroupBuys Second Facility
- Thursday, June 21, 2007
A local investment group focused on acquiring self-storage properties has bought its second facility, a Storage USA site at 4175 Winchester Road. Memphis Self Storage Group, working under the name Memphis Storage II LP,
38. Mini-Storage on U.S. 64Sells for $4.3 Million
- Wednesday, November 1, 2006
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
39. Archived Article
- Tuesday, October 18, 2005
49 lots in
Cost: $6 million
Borrower: Creekside Homes LLC
Lender: First Tennessee Bank NA
40. Archived Article: Gov
- Friday, February 25, 2005
By Andy Meek
Depot Readies Property for New Industry
The Daily News
The Memphis Depot Redevelopment Corp. has been working for almost a year preparing to market vacant land at the former Memphis Depot site for sale. And if a zo...
41. Archived Article: Real Recap
- Wednesday, July 28, 2004
1580-1588 Union Ave
West Clinic Plans Midtown Treatment Center
1580-1588 Union Ave.
Memphis, TN 38104
Cost: $2.9 million
Borrower: West Union Partners LLC
Lender: Commercial Bank and Trust Co.
Trustee: Reid D. Evensky
42. Archived Article: Real Recap
- Tuesday, July 20, 2004
8250 Poplar Ave
St. Georges School Makes Room for Growth
8250 Poplar Ave.
Germantown, TN 38138
Cost: $6.5 million
Borrower: St. Georges Independent School
Lender: St. Georges Episcopal Church, Germantown
Trustee: Scott K. Haight...
43. Archived Article: Daily Digest
- Monday, July 12, 2004
East Memphis Properties
East Memphis Properties
Sell for $7.1 Million
Storage Portfolio Bravo II LLC has purchased property at 4805 Summer Ave. and 2625 Mt. Moriah Road for a total price of $7.1 million, according to The Daily News Public R...
44. Archived Article: Real Recap
- Tuesday, November 4, 2003
Parcels located in
ProLogis-Macquarie Finances Four Parcels Parcels in two
Cost: $27.5 million
Borrower: ProLogis-Macquarie Tennessee II LLC
Lender: Allstate Life Insurance Co.
Trustee: Wesley D. Turner of Will...
45. Archived Article: Busline (lead)
- Tuesday, August 26, 2003
Landmarks owners seek spot on Register
The Daily News
Whether Fred Smith used his fathers bus line as a model for FedEx might be a fact known only by Smith himself.
But Judith Johnson believes he might have at least thought of Fred ...
46. Archived Article: Memos
- Wednesday, April 30, 2003
John W. McConomy
John W. McConomy was appointed ResortQuest International Inc. senior vice president and general counsel. McConomy will join the company effective May 19 in Destin, Fla., the new location of its corporate office. McConomy will ove...
47. Archived Article: Streamline (lead)
- Tuesday, October 16, 2001
Streamline move means at least 10 more jobs
Streamline move means more jobs
By MARY DANDO
The Daily News
In the current belt-tightening economy, one Memphis company is expanding and has relocated to meet increased demand.
48. Archived Article: Orpheum Lj
- Thursday, February 8, 1996
lj 10/5 cates Orpheum Theatre renovation funds reach $5 million mark Donations "coming out of the woodwork" for Orpheum Theatre By LAURIE JOHNSON The Daily News Beginning this fall, Memphians will no longer have to travel to Nashville, St....