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Editorial Results (free)

1. Large Subdivision Planned In De-annexed Area -

With plans submitted for a nearly 400-home subdivision, the city of Memphis could be missing out on more tax revenue than it originally anticipated when it recently de-annexed an area of Eads.

PFMT Holdings, a Tennessee limited liability company, is planning a 398-home subdivision on 130 acres at the southeast corner of Highway 64 and Cobb Road.

2. Large Subdivision Planned In De-annexed Area -

With plans submitted for a nearly 400-home subdivision, the city of Memphis could be missing out on more tax revenue than it originally anticipated when it recently de-annexed an area of Eads.

PFMT Holdings, a Tennessee limited liability company, is planning a 398-home subdivision on 130 acres at the southeast corner of Highway 64 and Cobb Road.

3. Events -

Shelby County Real Estate Road Show, co-sponsored by Shelby County Trustee David Lenoir and Chandler Reports, will be held Thursday, Feb. 9, from 5 p.m. to 7 p.m. at the Memphis Area Association of Realtors, 6393 Poplar Ave. Learn about the county’s tax sale process and anti-blight initiative, as well as how to bid on commercial, industrial and residential properties through the Civic Source online system. Cost is free. Register at eventbrite.com or email kwhitaker@shelbycountytrustee.com.

4. Events -

Talk Shoppe will meet Wednesday, Feb. 8, from 9 a.m. to 10 a.m. in NovaCopy’s conference room, 7251 Appling Farms Parkway. Leadership development coach Shelley Baur will present “Creating Honest Conversations to Build Better Relationships.” Cost is free. Visit talkshoppe.com.

5. Last Word: Lights, Camera, Demolition, Our Cautious Prosperity and City Hall Redux -

In south Memphis Wednesday, an old house on Mississippi Boulevard was demolished as part of a press conference to tout anti-blight measures in a city that has a lot of blight.

At times it seems like we have a different blight program for just about every blighted property.

6. Memphis Music Initiative Launches With $20M Strategy -

A pair of music-focused enterprises in Memphis are investing in the city’s homegrown music talent and helping cultivate a music ecosystem here.

The Memphis Music Initiative will host a launch event next week as part of an effort toward building awareness with stakeholders. It encompasses a five-year, $20 million strategy built around things like helping sustain existing music education programs in schools.

7. Long-Vacant Union Avenue Properties Get Another Day -

The city of Memphis and the Downtown Memphis Commission are negotiating with the owners of two vacant buildings in the 600 block of Union Avenue in an effort to avoid General Sessions Environmental Court declaring the properties a public nuisance.

8. Pocket Park Takes Shape on Madison -

For several years, Scott Crosby, an attorney with Burch, Porter & Johnson PLLC and co-owner of The Brass Door restaurant on Madison Avenue Downtown, had considered what, if anything, could be done with the shuttered Burger King restaurant across the street, a decaying eyesore in an otherwise vibrant strip of the street.

9. We’re All Invited -

MEMPHIS, SERVED IN THE SHELL. Following up last week’s column, this from a reader:

“We have no civic pride, half the population is intent on killing as many as they can and the other part lives behind walls or gates. There was a time in the fifties when you could leave your front door unlocked and keys in the car.”

10. Shankman-Cohn to Lead Interior Design Coalition -

Leslie Shankman-Cohn has been elected the 2014 president of the Tennessee Interior Design Coalition, a statewide coalition committed, through legislative and regulatory endeavors, to enhance and protect the right to practice interior design. Shankman-Cohn is a partner in Jill Hertz Interior Design, a division of Eclectic Interiors. She specializes in custom-designed furniture, space planning, furnishings and finishes specifications, universal design, Aging in Style and sustainable design issues.

11. Bumper Crop -

Unless you see the signs, it is hard to tell when you have crossed the Tennessee-Mississippi state line where Fayette County, Tenn., meets Marshall County, Miss., not too far from the southern city limits of Collierville.

12. California Company Buys Former Quebecor Facility -

828 E. Holmes Road Memphis, TN 38116

Sale Amount: $2.7 million

Sale Date: Feb. 15, 2013

13. Lee House Development Could Propel District -

In the 19th century, Victorian Village was home to Memphis’ elite.

Nowadays, the 10-square-block area in Downtown Memphis has one of the highest concentrations of historic structures in the city, with 24 properties on the National Register of Historic Places within four blocks.

14. Brucker Joins McManus Reilly As Investment, Insurance Adviser -

Edward Brucker III has joined McManus Reilly Financial Foresight as investment and insurance adviser.

Hometown: Tucson, Ariz.

Education: Master of business administration from University of Phoenix

15. Bradley Joins Food Bank As VP of Programs -

Tonya M. Bradley has joined the Mid-South Food Bank as vice president of programs.

Hometown: Wichita, Kan.; moved to Memphis in 1995.

16. Cypress Realty Holdings Buys Millington Perkins Site -

8472 New Wilkinsville Road
Millington, TN 38053
Sale Amount: $1.3 Million

17. Baltimore’s Wells Fargo Suit Could Affect Memphis -

Lawyers for the city of Baltimore are preparing to reload in their two-year court fight against Wells Fargo over its lending practices in the city.

Baltimore is planning to file a new complaint against the lender after a federal judge last week dismissed the city’s second amended complaint. The city was given until Oct. 22 to try again in its effort to prove Wells broadly discriminated against black borrowers in its mortgage lending.

18. Macon Manor, South Pointe Up for Foreclosure Sale -

Macon Manor Apartments on Macon Road and South Pointe Apartments on East Shelby Drive are in foreclosure, according to a first-run foreclosure notice in today’s Daily News.

EverBank is foreclosing on the properties because the borrower, Raymond Porter, defaulted on loans secured by each property. The Macon Manor loan was $2.8 million and the South Pointe loan was $3.1 million, both taken out in August 2006.

19. French Quarter Suites Hotel Bought Back by Original Owner -

2144 Madison Ave.
Memphis, TN 38104
Sale Amounts: $1 Million; $300,000; $200,000

Sale Dates:Nov. 20, Nov. 5 and Nov. 12, 2009
Sellers:Lodgian Memphis Property Owner LLC, Horace and Ann Proctor, and Martha D. Sutton
Loan Amount:$1.3 million
Loan Date:Nov. 30, 2009
Maturity Date:Nov. 20, 2010
Lender:Triumph Bank

20. BancorpSouth Reclaims Three Vacant Properties -

BancorpSouth Bank has bought back three parcels totaling 51.7 acres of land in a substitute trustee’s deed following a foreclosure. The Tupelo, Miss.-based bank paid $1.2 million for two pieces of farmland and one vacant residential lot – all in unincorporated Southeast Shelby County – on the courthouse steps Nov. 10 from substitute trustee David J. Harris of Burch, Porter & Johnson PLLC.

21. Grand Island Files Permit For Mud Island Apartment Complex -

300 Grand Island Drive
Memphis, TN 38103
Permit Amount: $12.1 Million

Project Cost: $19 million
Permit Date: Applied November 2009
Completion: 2012
Owner: Grand Island Partners
Tenant: Grand Island
Contractor: Keith and David Grant Homes LLC
Architect: MMH Hall Architects and Planners Inc.

22. Memphis College of Art Files Loan to Build Residence Hall -

139 N. Barksdale St.
Memphis, TN 38104
Loan Amount: $3.1 Million

Loan Date: Oct. 1, 2009
Maturity Date: Oct. 1, 2019
Borrower: Memphis College of Art
Lender: First Tennessee Bank NA

23. U of M-Area Multifamily Sells for $2.4M -

Polk Rental Properties of Memphis LLC has bought a multifamily portfolio of three University of Memphis-area apartment complexes for $2.4 million. The apartments are at 3251, 3341 and 3427 Southern Ave. The seller was Sycamore Bank, which weeks before had reacquired the properties in a substitute trustees’ sale following a foreclosure. The sale to Polk closed Sept. 29.

24. Le Bonheur Files Permit For FedExFamilyHouse -

918 Poplar Ave.
Memphis, TN 38105
Permit Amount: $5.2 Million

Project Cost: $5.2 million
Permit Date: Applied September 2009
Completion: Fall 2010
Owner: Le Bonheur Children’s Medical Center
Tenant: FedExFamilyHouse
Contractor: Montgomery Martin Contractors LLC
Architect: Looney Ricks Kiss Architects Inc.

25. Pair of Apartments Sold Back to Bank -

Two apartment complexes in the University of Memphis area – the 38-unit Southern Station Apartments at 3341 Southern Ave. and 40-unit Barclay House Apartments at 3427 Southern Ave. – have sold for a combined $2.5 million back to the lender, Sycamore Bank, following a foreclosure. Southern Station sold for $1.2 million and Barclay House sold for $1.3 million.

26. Pair of Apartments For Sale After Foreclosure -

Two apartment complexes in the University of Memphis area – the 38-unit Southern Station Apartments at 3341 Southern Ave. and 40-unit Barclay House Apartments at 3427 Southern Ave. – have been foreclosed and will be sold on the Shelby County Courthouse steps later this month. The notice begins on Page 32 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

27. Memphis Music Foundation Elects Bell Chairman -

Al Bell has been elected the new chairman of the Memphis Music Foundation.
Under Bell’s direction, the foundation will continue to provide education, strategic planning and promotional opportunities to the Memphis music industry.
Bell is the former chairman and owner of Stax Records and former president of Motown Records. Bell has worked with artists such as Booker T and the MG’s, Otis Redding, Sam and Dave, Albert King, Rufus Thomas, Isaac Hayes and Richard Pryor.

28. Youth Villages Names Rutschman Director of Communications -

Echelle Lane Rutschman has been named director of communications at Youth Villages. Rutschman joins Youth Villages after 10 years serving as senior communications officer and system director of corporate communications at Baptist Memorial Health Care Corp.

29. Assessor Wades Through Thousands of Review Requests -

Through the end of last week, property owners who disagree with their new 2009 property values have sent almost 18,600 requests for informal reviews to the Shelby County Assessor of Property.

Nearly every commercial, industrial and residential property owner in Shelby County – with a few exceptions – has by now received a reappraisal notice containing an adjusted property value. Property values were updated this year as part of the countywide reappraisal, something that happens every four years.

30. City Program Seeks Minority Developers -

Creating more minority developers means getting them to see blight differently.

That’s what the director of a two-year old effort by the city of Memphis to build diversity in the development community said last week about the effort.

31. Settlement Funds To Honor Cauley -

It was the kind of gathering you normally wouldn’t associate with the settlement of a class action case involving urethane.

Several hours in advance of the hearing before Circuit Court Judge Jerry Stokes last week, some of those who would benefit from the settlement gathered at the Glassman, Edwards, Wade & Wyatt PC law firm across from Court Square in Downtown.

32. Harmon Receives Pro Bono Award -

Whitney Harmon, an attorney at Glankler Brown PLLC, has received the first Frank J. Glankler Jr. Pro Bono Award.

Glankler Brown committed this year to taking a minimum of 35 pro bono cases each year from Memphis Area Legal Services, an organization that provides legal assistance for people unable to afford representation. Harmon practices in the area of civil litigation and is a member of the American, Tennessee, Kentucky and Memphis Bar Associations, as well as the Association for Women Attorneys.

33. Archived Article -

Vacant land
In Collierville
Sale Amount: $ 2 million; $2.1 million ($4.1 million total)

Sale Date: Sept. 27, 2007

34. Local Investment CompanyBuys Collierville Property -      Local investor Grant Properties LLC has bought vacant lots in Collierville's The Villages at Porter Farms in Collierville. Two sales deeds for $2 million and $2.1 million were signed Sept. 27.

35. Development, Compliance Issues Become Hot Topics in Environmental Law -

When attorney Allen Malone first began practicing law in 1969 in Memphis, no agency existed governing air pollution or the disposal of hazardous waste.

But the timing to begin his practice was just right, because the United States was about to enter a decade in which significant environmental legislation would be passed.

36. Downtown High-Rise Up for Grabs Soon at Roebuck Auction -

A 96-year-old Downtown building that has housed everything from furniture to military recruitment offices will have a shot at revitalization starting at noon June 22.

That's when the 12-story, 134,124-square-foot Tenoke Building will be auctioned off at Roebuck Auction Center at 4932 Park Ave.

37. Affordable-Property Owner Uses Vigilance To Foster 'Germantown Environment' -

It's not out of the ordinary to spot Raymond Porter out walking one of his properties as late as midnight or 1 a.m., even though most property owners keep a strict 9-to-5 schedule.

That's all part of the approach he takes when refurbishing properties that have been allowed to fall into disrepair because of mismanagement or neglect.

38. Archived Article -

3251 Southern Ave.
Memphis, TN 38111
Cost: $1.4 million

Borrower: Porter Properties LLC

Lender: Sycamore Bank

39. Porter Properties buys Southern Oaks Apartments -

3251 Southern Ave.
Memphis, TN 38111
Cost: $1.4 million

Buyer: Porter Properties LLC

Seller: Southern Oaks GP

40. Forest Hill Properties Buys 14 Lots in Porter Farms Development -

14 lots in
Porter Farms
Cost: $1.2 million

Buyer: Forest Hill Properties Inc.

Seller: Porter Farms Area 1 Inc.

41. Archived Article -

Three properties
on East Shelby Drive
Cost: $4.6 million

Buyer: GMIP Shelby Drive LLC

Seller: IWS Shelby Partners

42. Porter Properties Finances Apartment Communities -

3341 and 3427 Southern Ave.
Memphis, TN 38111
Cost: $1.5 million

Borrower: Porter Properties LLC

43. Archived Article: Real Recap - 34

Highland Point Planned Near Berryhill Road

34.27 acres in

Wilderwood Estates

Cost: $1.1 million

Buyer: Latting Road Partners LLC

Seller: David Miller LLC

Property: 34.27 acres in Wilderwood Estates Subdivision in Cordova. The...

44. Archived Article: Newsmakers - Young Lawyers Division Announces New Board Members

MSO Names New General Manager

Alberto Gutierrez joined Memphis Symphony Orchestra as general manager. Gutierrez previously served as operations manager for the San Antonio Symphony. After grad...

45. Archived Article: Lucb (lead) - By JENNIFER MURLEY Land board considers proposal for smaller houses in Southwind By JENNIFER MURLEY The Daily News A proposal to develop the last residential parcel of the upscale Southwind Planned Development, which is scheduled on todays Land Use ...

46. Archived Article: Law Focus - LAW AND GOVERNMENT Home Depot project goes to Land Use board By MARY DANDO The Daily News Home repair enthusiasts take note Home Depot has applied for permission to add a tool rental building to its existing store at Truse Parkway, south of Poplar A...

47. Archived Article: Porter Lead - By SUZANNE THOMPSON HCD grant helps fund independent living center By SUZANNE THOMPSON The Daily News Renovation work began Monday on an independent living facility operated by Porter Leath Children Center for young men who are wards of the state. P...

48. Archived Article: Gov't Bott - A project that will close a gap on the north side of Court Square will be considered by the Design Review Board at its meeting Wednesday Court Square project would consolidate Burch Porter By KATHLEEN BURT The Daily News A project that would close a...

49. Archived Article: Fleming - By LAURIE JOHNSON Development begins on Fleming Gardens in Collierville By LAURIE JOHNSON The Daily News Land development is underway on Fleming Gardens, a residential subdivision planned for what may one day be the "new heart of Collierville.&...

50. Archived Article: Comm Briefs - Lifeblood, Mid-South Regional Blood Center and Hollywood Video are teaming up to promote blood donation in June Le Bonheurs Week of Miracles raised more than $1.5 million for the medical center. Le Bonheurs annual Childrens Miracle Network Champions...

51. Archived Article: Memos - SCB Computer Technology Names Equity Inns Inc. has added three members to its board of directors: Raymond E. Schultz, retired chairman and chief executive officer of Promus Hotel Corp.; Howard A. Silver, president and chief operating officer of Equi...

52. Archived Article: Calendar - March 3 March 3 The Society of Professional Journalists, University of Memphis chapter, will sponsor its 17th annual Freedom of Information Congress at 7:30 p.m. in the Faulkner Lounge of the University Center. The speaker will be Barrie Dunsmore, f...

53. Archived Article: Memos - Barry D Barry D. Robbins has been named executive vice president/sales and marketing for TBC Corp. He currently is senior vice president of strategic marketing. Ronald E. McCollough was named executive vice president and chief financial officer for ...

54. Archived Article: Memos - Sam Hubbard has joined Financial Federal Savings Bank as vice president in the companys construction lending department Sam Hubbard has joined Financial Federal Savings Bank as vice president in the companys construction lending department. Hubbard ...