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Editorial Results (free)

1. Connecting The Pieces -

The Pinch District – a Downtown mini-neighborhood of only a few blocks sandwiched between the Memphis Cook Convention Center, Uptown, The Pyramid and the campus of St. Jude Children’s Research Hospital – has been a neglected donut hole of development for years, as investments have poured into other areas of Downtown around it.

2. Leaders to Discuss Pinch District Progress -

Nearly a year ago state and local officials joined representatives of St. Jude Children’s Research Hospital on the hospital’s campus to announce $37 million in state and local funding into public infrastructure around the hospital.

3. South City Redevelopment Activity Heating Up -

The up-and-coming South City neighborhood is enjoying a resurgence of redevelopment activity lately, with the restoration of several historic properties, new multifamily construction and talk of bringing in a grocery store. The city and the Downtown Memphis Commission have been instrumental in the renewed interest, with noteworthy projects including the Clayborn Temple, the Universal Life Building and the demolition of Foote Homes.

4. South City Redevelopment Heats Up With Renovations, New Construction -

The up-and-coming South City neighborhood is enjoying a resurgence of redevelopment activity lately, with the restoration of several historic properties, new multifamily construction and talk of bringing in a grocery store. The city and the Downtown Memphis Commission have been instrumental in the renewed interest, with noteworthy projects including the Clayborn Temple, the Universal Life Building and the demolition of Foote Homes.

5. Kemmons Wilson Cos. Continues in the Spirit of its Founder -

McLean T. Wilson has a statistic he likes to keep top of mind: 94 percent of third-generations businesses fail. Kemmons Wilson Cos. (KWC), the enterprise founded by McLean’s grandfather, Kemmons Wilson, is in the other 6 percent.

6. Final Goodbye: Roll Call of Some of Those Who Died in 2016 -

Death claimed transcendent political figures in 2016, including Cuba's revolutionary leader and Thailand's longtime king, but also took away royals of a different sort: kings of pop music, from Prince and David Bowie to George Michael.

7. Morgan Tate Promoted At River City Land Co. -

Morgan Tate has been named principal property manager of River City Land Co.’s property management division. A fourth-generation real estate professional, Tate joined the team at River City Land Co. in 2008 and began working for the firm’s property management division in 2012. 

8. Fenced Out -

There’s a major problem in Memphis when it comes to minorities: African-Americans make up 63 percent of the population but garner less than 1 percent of total business receipts within Memphis, according to the most recent U.S. Census data.

9. Graceland Hotel Developers File $84 Million Construction Loan -

3600 Elvis Presley Blvd.
Memphis, TN 38116
Loan Amount: $84 million

10. Graceland Hotel Developers File $84 Million Construction Loan -

The developers behind a massive hotel near Graceland are ready to shake, rattle and roll on the project.

Guest House at Graceland LLC, formed to develop the hotel, has filed an $84 million construction loan for the 450-room resort-style hotel at 3600 Elvis Presley Blvd.

11. Pinnacle Awards Honor Commercial Real Estate Standouts -

The local commercial real estate community gathered at the Memphis Botanic Garden Thursday, April 9, for the 14th annual Pinnacle Awards. Every year, the Memphis Area Association of Realtors Commercial Council honors its members based on their transactional volume, merit and community activity.

12. Legacy Farm Owner Files $29.8 Million Loan -

1120 Winchester Road
Collierville, TN 38017
Loan Amount: $29.8 million

Loan Date: June 18, 2014
Maturity Date: July 1, 2021
Borrower: Legacy Farm LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 368-unit Legacy Farm apartment complex at 1120 Winchester Road in Collierville has filed a $29.8 million loan on the property.

13. Tower Facelift -

One of Memphis’ most recognizable office buildings, occupying a prime piece of commercial real estate on Poplar Avenue in East Memphis, is getting a makeover.

Rosemont Realty LLC is investing around $400,000 to update the 24-story i-bank Tower at 5050 Poplar Ave. The 275,634-square-foot building, built in 1967 by pioneering developer William B. Clark Sr. and formerly known as White Station Tower, includes the signature round top floor, which once housed a rotating restaurant.

14. Bell Joins First State Bank as Commercial Loan Officer -

Jonathan Bell has joined First State Bank as vice president/commercial loan officer. Bell, who has more than 13 years of experience in the banking industry, will provide banking services for businesses in Collierville and the surrounding area.

15. Former Motel 6 Sells for $1.4 Million -

1321 Sycamore View Road
Memphis, TN 38134
Sale Amount: $1.4 million

Sale Date: Jan. 13, 2014
Buyer: P & S Hospitality LLC
Seller: G6 Hospitality Property LLC
Loan Amount: $1.1 million
Loan Date: Jan. 14, 2014
Maturity Date: N/A
Lender: Argent Bank
Details: The former Motel 6 at 1321 Sycamore View Road in Northeast Memphis has traded hands for $1.4 million.

16. Monticello Apartments Owner Files $9.3 Million Loan -

The owner of the 202-unit Monticello apartments at 3250 Kirby Parkway in Hickory Hill has filed a $9.3 million loan on the property.

17. Embassy Suites Memphis Sells for $24.8 Million -

1022 S. Shady Grove Road
Memphis, TN 38119
Sale Amount: $24.8 million

Sale Date: Nov. 15, 2013
Buyer: 1022 South Shady Grove LLC
Seller: 1022 Shady Grove LLC
Loan Amount: $22.6 million
Loan Date: Nov. 15, 2013
Maturity Date: N/A
Lender: Great American Life Insurance Co.
Details: An affiliate of Chicago-based hotel asset manager Lodging Capital Partners LLC has paid $24.8 million for the Embassy Suites Memphis hotel at 1022 S. Shady Grove Road in East Memphis.

18. Embassy Suites Memphis Sells for $24.8 Million -

An affiliate of Chicago-based hotel asset manager Lodging Capital Partners LLC has paid $24.8 million for the Embassy Suites Memphis hotel at 1022 S. Shady Grove Road in East Memphis.

19. Shoemaker Continues Rising After 2010 Fire -

Shoemaker Financial has risen from the ashes since its building burned in 2010. The firm has enjoyed 30 percent growth each year since then, and its client list has swelled to more than 15,000.

“The end of 2008 and 2009 were not the best of times for anybody in the financial services business,” said Thomas “Mac” Jenkins III, managing partner who has been with the firm for the past 21 years. “I think the fire in 2010 ignited us, as we have been on a record-setting pace from a sales and growth perspective since then. You look back and the things that appeared to be road blocks turned out to be speed bumps.”

20. Walker Leads Trust Growth at Commercial Bank -

Emily Walker, vice president and trust officer with Commercial Bank & Trust Co., has worked in Trust for the past 16 years and feels blessed to have been a part of so many lives.

21. School Board Examines Budget Fine Print -

The funding gap for the still tentative schools merger stands at an even $35 million in new funding.

The new total came Tuesday, May 14, after interim schools superintendent Dorsey Hopson told countywide school board members he and his staff had eliminated a “district initiative department” that would have cost $737,366.

22. Health Care Challenge -

To cap off National Public Health Week, The Daily News held an in-depth discussion about health care reform and the daunting task of trying to digest and comprehend the new Affordable Care Act, which encompasses more than 2,800 pages of law and more than 100,000 pages of regulations and rules.

23. Swinnea Warehouse Sold in Lieu of Foreclosure -

4550 Swinnea Road, Memphis, TN 38118

Sale Amount: $4.2 million
Sale Date: March 7, 2013
Buyer: JPMCC 2007-LDP10 – 4550 SWINNEA RD LLC
Seller: Industrial Memphis International Owner LLC
Details: The Memphis International Distribution Center at 4550 Swinnea Road in Oakhaven has sold for $4.2 million in lieu of foreclosure.

24. In-Rel Files Two Loans on Lynnfield Portfolio -

A single-purpose entity related to Lake Worth, Fla.-based In-Rel Properties Inc. has filed a pair of $8 million loans on four Lynnfield Road office buildings in East Memphis.

25. You Can Still Save for Retirement -

Ray’s Take It may feel as if those gray hairs are multiplying faster than your 401(k). Or maybe your career or other life experience has thrown you curve balls that ate through your savings. Either way, it’s not too late to save for a more comfortable future!

26. Fed Survey: No Movement in Area Lending -

The local economy is inching toward improvement. A newly released report from the Federal Reserve shows the central bank’s regional district that includes Memphis saw modest improvement in residential real estate as well as the commercial real estate market since the Fed’s last survey.

27. Valentine Joins Regions Insurance -

Chalmers Valentine, owner and principal of Peyton Financial Group, has joined Regions Insurance of Tennessee.

She’s worked for Peyton Financial Group for the past 23 years specializing in insurance and financial services, estate coordination, executive compensation, employee benefits and retirement planning. Her focus at Regions Insurance will be to help build out a life insurance and executive compensation practice.

28. Vornbrock Receives Ad Fed’s Silver Medal -

Bob Vornbrock thought he was attending the Thursday, Jan. 26, American Advertising Federation Memphis meeting to hear a presentation from Fred’s Discount Stores about the marketing approach of brick-and-mortar retail.

29. Vornbrock Receives Ad Fed’s Silver Medal -

Bob Vornbrock thought he was attending the Thursday, Jan. 26, American Advertising Federation Memphis meeting to hear a presentation from Fred’s Discount Stores about the marketing approach of brick-and-mortar retail.

30. Union Avenue Dialysis Ctr. Sells for $1.7 Million -

Haskell, Okla.-based WMEM LLC has bought a nearly 15,000-square-foot building at 2225 Union Ave. from CKC Development Co. for $1.7 million.

31. Mixed Impact on Consumers From Fed's 'Twist' -

Operation Twist doesn't give consumers much to shout about.

The Federal Reserve's latest effort to boost the economy by driving down long-term interest rates won't have a big impact on home and car buyers, savers or credit card users.

32. 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.

33. Germantown Collection Sells for $7.3M in Foreclosure -

7810 Poplar Ave.
Germantown, TN 38138
Sale Amount: $7.3 million

Sale Date: June 23, 2011
Buyer: GA Poplar Avenue Germantown LLC (c/o Principal Real Estate Investors)
Seller: Jason A. Strain, substitute trustee
Original Borrower: CH Realty III/Germantown LLC
Original Lender: Principal Life Insurance Co.
Orig. Loan Amount: $8.7 million
Orig. Loan Date: Oct. 12, 2004

34. Principal Buys G’Town Collection for $7.3 Million -

The 60,724-square-foot Germantown Collection shopping center that includes tenants such as Chili’s and Panera Bread at the corner of Poplar Avenue and Exeter Road has been bought out of foreclosure.

35. Germantown Collection Center in Foreclosure -

The Germantown Collection shopping center that includes tenants such as Chili’s and Panera Bread at the corner of Poplar Avenue and Exeter Road has been foreclosed.

A first-run foreclosure notice for the 6.1 acre, Class A retail property appears in the Wednesday, June 1, edition of The Daily News and at The Daily News Online, www.memphisdailynews.com.

36. ‘The Rat’ at Rhodes Gets Makeover -

Rhodes College has filed an $11 million permit with the city-county Office of Construction Code Enforcement to expand and renovate its main dining hall facility.

Known by students as “The Rat,” Catherine Burrow Refectory opened in 1958 and has three dining areas – Neely Hall, Hyde Hall and Rollow Hall. Smaller meeting rooms include the Alburty Room, the Davis Room and the Bell Room.

37. Country Nightclub Two-Steps Into Town -

A new nightclub is saddling up at Sycamore View and Interstate 40. Country and dance nightclub Electric Cowboy has signed a 14,435-square-foot lease in Shelby Crossing Shopping Center, 6160 Macon Road.

38. Country Nightclub Two-Steps Into Town -

A new nightclub is saddling up at Sycamore View and Interstate 40.

Country and dance nightclub Electric Cowboy has signed a 14,435-square-foot lease in Shelby Crossing Shopping Center, 6160 Macon Road.

39. Mortgage Modifications Daunting for Homeowners -

HELENA, Mont. (AP) – Laverl "Nick" Nicholson used to look out of his kitchen window at the weeping willows that mark the burial place of two of his daughters. Then a debilitating car wreck left him unable to pay the $220,000 he owed on his northwestern Montana home.

40. Moving Forward -

As the commercial real estate market remained soft in 2010, a handful of major deals – including some to close the year – indicated light at the end of the tunnel.

The year ended with the top retail investment sale of the year when Loeb Properties Inc. bought Park Place Centre from Belz Enterprises Inc. for $10.3 million.

41. Blackstone-Affiliated LLCs Buy Warehouses for $22M -

4460 E. Holmes Road
Memphis, TN 38118
Sale Amount: $12.1 million

Sale Date: Dec. 8, 2010
Buyer: BRE/EX TN Properties LLC
Seller: Exeter 4460 Holmes LLC
Loan Amount: $18.4 million
Loan Date: Dec. 10, 2010
Maturity Date: n/a

42. Seeking Stability -

The commercial real estate market is poised for a comeback in 2011, as investment sales show signs of recovery and occupancy slowly improves to meet supply.

Shelby County’s commercial sales during the past 12 months (November 2009 through October 2010) totaled 581, down 6 percent from 620 sales during the previous 12-month period, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

43. Principal Financial to Exit Health Insurance -

DES MOINES, Iowa (AP) – Principal Financial Group Inc., an insurance, retirement and financial services company, said Thursday it is getting out of the health insurance business.

44. $5.3M Permit Application Filed for Soulsville Charter School -

1115 College St.
Memphis, TN 38106
Permit Amount: $5.3 million

Project Cost: $5.3 million for phase one
Permit Date: Applied September 2010
Completion: July 2011
Owner: Soulsville Foundation
Tenant: Soulsville Charter School
Contractor: Looney Ricks Kiss
Architect: Flintco Inc.

45. After Trading Hands, Marina Cove Now Ready for Redevelopment -

5505 Winchester Road
Memphis, TN 38115
Sale Amount: $1.6 Million

Sale Date:July 15, 2010
Buyer:The Power Center Community Development Corp.
Seller:Water Gardens LLC (in dissolution), and Optimal Partners LLC and National Community Development Association Inc. (which constitutes all members of Water Gardens LLC since its dissolution)

46. WelshInvest Buys Two Sites in Airport Industrial Park -

Two limited liability companies affiliated with Minnesota-based WelshInvest have bought property in Airport Industrial Park from Principal Life Insurance Co. for $20.6 million.

47. Stratford Place Owner Files $1.4 Million Loan -

1806 and 2098 Poplar Ave.
Memphis, TN 38104
Loan Amount: $1.4 million

Loan Date: Jan. 26, 2010
Maturity Date: N/A
Borrower: Stratford Place LLC
Lender: Union Central Life Insurance Co.

48. 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.

49. Stratford Place Owner Files $1.4 Million Loan -

Stratford Place LLC, the owner of the Stratford Place apartments at 1806 Poplar Ave. and the Midtown Place apartments at 2095 Poplar Ave. in Midtown, has filed a $1.4 million deed of trust, security agreement, assignment and rents and fixture filing statement through Union Central Life Insurance Co. on the properties.

50. Dewald Selected to Chair Life and Health Insurance Foundation -

Jack Dewald will serve as chairman of the board for the Life and Health Insurance Foundation for Education.

Dewald is president and owner of Agency Services Inc.

51. 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.

52. Leffler Believes in Work As Defense Attorney -

Stephen Leffler, principal attorney of Stephen R. Leffler PC, practices in personal injury, wrongful death, car accidents, DUI cases and defense of felonies and misdemeanors and federal and state crimes. He received his juris doctorate degree from then-Memphis State University in 1984 and was admitted to the bar in Tennessee that same year.

53. Principal Financial to Cut 550 Jobs -

DES MOINES, Iowa (AP) - Insurance, banking, retirement and asset manager Principal Financial Group Inc. said Tuesday it is cutting 550 jobs, about 3.5 percent of its work force.

54. SEC Bans Short-Selling of Financial Stocks -

WASHINGTON (AP) – The federal government, trying to boost investor confidence in the face of a market crisis, took the dramatic step Friday of temporarily banning a practice of betting against financial stocks.

55. Furor Builds on SEC Indexed Annuity Oversight Plan -

NEW YORK (AP) - It sounds like an arcane topic that would concern only a few, but a proposal by the Securities and Exchange Commission has generated a mini furor.

The subject of this highly charged debate? Whether or not equity-indexed annuities, a specialized financial product that combines the promise of regular payments with the potential for gains linked to the stock market, should be considered securities or insurance.

56. FDIC Sets Mortgage Plan for IndyMac Borrowers -

WASHINGTON (AP) - Thousands of troubled home borrowers with loans from IndyMac Federal Bank will be able to switch to fixed-rate mortgages under a new plan from federal regulators, who seized the bank last month after it became the largest regulated thrift to fail.

57. Bond Insurers See Ill Winds -

When a hurricane slams into Florida, investors dump shares of companies that insure homes. When a storm of defaults engulfs the bond market, investors naturally sell the companies that insure bonds. In both cases, the selloffs are often overdone.

58. Archived Article -

1130 Legacy Farm Court
Collierville, TN 38017
Sale Amount: $36.5 million

Sale Date: June 12, 2007

Buyer: Legacy Farm LLC

59. USAA Buys Summit II Building -      An affiliate of USAA Real Estate Co. has bought Summit II, a 790,000-square-foot industrial building at 5215 U.S. 78, from Principal Global Investors for an undisclosed sum.
     The building

60. Archived Article -

67 Madison Ave.
Memphis, TN 38103
Loan Amount: $24.5 million

Loan Date: July 10, 2006

Maturity Date: n/a

61. Thousand Oaks Business CenterFinanced for $22 Million - Talcott III Thousand Oaks LP has filed a $22 million mortgage through Life Investors Insurance Co. of America for property in Thousand Oaks Business Center on Thousand Oaks Boulevard. The sale includes 10 acres of vacant property on American Way, alo

62. $30 Million Mortgage FiledFor Distribution Center Property -     CRP Holdings B LP has filed a $30 million mortgage through JP Morgan Chase Bank for three warehouse storage facilities in Memphis Distribution Center near the northwest corner of Hickory Hill and Raines roads. The property inc

63. Archived Article -

6075 Poplar Ave.
Memphis, TN 38119
Cost: $63 million

Buyer: IPC Crescent Center LLC

Seller: Crescent Forum Partnership

64. Harbin FinancesTuggle Road Warehouse - Harbin Enterprises GP has financed 18.77 acres at 5025 Tuggle Road near U.S. Highway 78 through Principal Life Insurance Co. for $11.2 million. The property, which includes a warehouse built in 1996, was part of a payment-in-lieu-of-taxes program thr

65. Archived Article: Real Recap - Blair Tower Apartments

Blair Tower Property Slated for Renovations

810 Washington Ave.

Memphis, TN 38105

Cost: $5.4 million

Borrower: Blair MCAP LLC

Lender: Capri Capital Finance LLC

Trustee: Chicago Title Insurance Co.

Prope...

66. Archived Article: Real Recap - 3955 E

Local Firm to Manage Germantown Collection

7810-7850 Poplar Ave.

Germantown, TN 38138

Cost: $8.7 million

Borrower: CH Realty III/Germantown LLC

Lender: Principal Life Insurance Co.

Trustee: C. Thomas Cates

Property: Ge...

67. Archived Article: Tech Briefs - Lick the Toad, a Memphis interactive community

Lick the Toad, a Memphis interactive community, hosts a Toad mixer from 7:30 p.m. to 9:30 p.m. Thursday at Cozymels, 6450 Poplar Ave.

The meeting is open to technology professionals and anyone int...

68. Archived Article: Memos - James Pascover was appointed Better Business of the Mid-South director of marketing and communications

James Pascover was appointed Better Business Bureau of the Mid-South director of marketing and communications. Pascover brings more than 20 yea...

69. Archived Article: Memos - Todd Proctor was promoted to director of institutional sales at First Mercantile Todd Proctor was promoted to director of institutional sales at First Mercantile. He joined First Mercantile in 1997 as a retirement plan consultant from Merrill Lynch ...

70. Archived Article: Marketplace - Financial plan puts future in order Financial plan puts future in order  By TONY JENNINGS Special to The Daily News Whether it's a new home, a child's education or a secure retirement, most people know what they want out of life. But the indivi...

71. Archived Article: Retire P - Give the gift of early retirement Give the gift of early retirement At this time of year, families are reaping the benefits of giving and receiving holiday gifts. But think about giving what some consider the best gift of all the gift of early retir...

72. Archived Article: Marketplace - Foreclosure notice falls on Hickory Ridge Mall Foreclosure notice falls on Hickory Ridge Mall By SUE PEASE The Daily News Its 12:15 p.m. on a Thursday in the food court at Hickory Ridge Mall and it appears to be business is usual. Customers are lini...

73. Archived Article: 1q Home Sales (lead) - The Memphis area residential real estate market continued to strengthen in March 1999 and surpassed first-quarter 1998s record pace by 3 First quarter home sales shatter previous records By LAURIE JOHNSON The Daily News Memphis area home sales and s...

74. Archived Article: Marketplace (women) Lj - Women business owners influential in consumer spending New study shows women business owners, employees, differ in purchasing styles By LAURIE JOHNSON The Daily News Prior to opening her own business, Shelley Phillipy Baur frequently enjoyed wrappin...

75. Archived Article: Law Focus - Tara E Why use trusts? Trusts can be beneficial to everyone not just those with wealthy estates By Tara E. Bazzone Waring Cox PLC Special to The Daily News What is a trust? A trust can be a powerful and flexible financial-planning tool. Simply put, ...

76. Archived Article: Real Focus - By LAURIE JOHNSON Its the law The new Homeowners Protection Act may save homeowners hundreds of dollars a year in unnecessary private mortgage insurance fees By LAURIE JOHNSON The Daily News A new law recently went into effect that protects homeowne...

77. Archived Article: Memos - ResortQuest International Appoints Paul Manteris has been appointed vice president of operations for ResortQuest International Inc. He most recently held senior management and training positions with Colorado-based Premier Resorts Inc./Village Resor...

78. Archived Article: Memos - Methodist Alliance Health Services has announced several new employees: Methodist Alliance Health Services has announced several new employees: Sandy Campany has been named customer development coordinator. She previously was clinical coordinator fo...

79. Archived Article: Tech Focus Chg - Before the Internet, students could look to the familys set of encyclopedias for help with geography or history homework, but if the parents were not mathematically inclined, they may have been out of look with their calculus homework The Web as a m...

80. Archived Article: Inv Analys - 05-20 Inv analys Saving for your childs education By Mike Stein Special to The Daily News For years, one of the basic American dreams has been to have the financial ability to send a child to college but this dream is becoming increasingly more diff...

81. Archived Article: Inv Analys - 04-13 Inv analys Are annuities for you? By MIKE STEIN Special to The Daily News If you would like an investment that grows tax deferred until you decide to withdraw it, consider annuities. An annuity is simply a contract between you and an insurance...

82. Archived Article: Calendar - 01/05 Calendar Feb. 6 The 1996 Hazardous Waste Annual Report Workshop will be at State Technical Institute from 8 a.m. to noon. For more information, call the University of Tennessee Center for Industrial Services at (615) 532-8657. The Tennessee Ba...

83. Archived Article: Inv Analys - 01/29 Inv analys To retire early, plan early By MIKE STEIN Special to The Daily News It seems that early retirement is becoming the rule rather than the exception these days. Not only are many people choosing to retire before the traditional age of ...