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Editorial Results (free)

1. Market of Riverdale Bend Sells for $6.2 Million -

7114-7186 Winchester Road Memphis, TN 38125

Sale Amount: $6.2 million

Sale Date: July 2, 2013

2. Market of Riverdale Bend Sells for $6.2 Million -

Four tenants in common have paid $6.2 million for the Market of Riverdale Bend shopping center on Winchester Road in Southeast Memphis.

The four buyers, shown in descending order of ownership percentage, are Peter Laspina Jr. (49.5 percent); 25-19 34th St. Realty Corp. (34.83 percent); Riverdale Center Investors LLC (14.67 percent); and Riverdale Market LLC (1 percent).

3. Grinding it Out -

After most recessions, real estate bounces back.

But the Great Recession has been notably different – long, deep and very prolonged.

That’s the message Dr. John Gnuschke, director of the Sparks Bureau of Business and Economic Research and co-director of the Center for Real Estate at the University of Memphis, delivered in December at the Urban Land Institute’s Real Estate Outlook for the Mid-South.

4. Winbranch Apartments Sell for $2.4 Million -

3595 Millbranch Road
Memphis, TN 38116
Sale Amount: $2.4 million

Sale Date: Sept. 7, 2010
Buyer: Winbranch Realty Partners LLC
Seller: LBUBS 2004-C4 Millbranch Road LLC
Loan Amount: $975,000
Loan Date: Sept. 7, 2010
Maturity Date: Sept. 1, 2011
Lender: The Leshum Group LLC

5. Market at Riverdale Sells for $1.8 Million -

Riverdale Investors LLC has bought the Market at Riverdale shopping center from Market at Riverdale Bend HH LLC for $1.8 million. No loan documents were filed at the time of purchase.

6. High-Dollar Deal Boosts Commercial Real Estate -

Following what has become a pattern, the local commercial real estate market in September was salvaged by one large deal that offset an otherwise dreary month.

This time it was Resource Real Estate Inc. to the rescue. The Philadelphia-based company bought the Wyndridge Apartments for $9.5 million Sept. 29 and carried the weight for Shelby County’s commercial activity during the month.

7. 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.

8. Sept. Commercial Sales Drop 18% -

Shelby County’s commercial real estate market was highlighted by a wide variety – but a low volume – of transactions in September, revealing a continued slowdown because of the credit crisis and overall economic slowdown.

9. Lightman Buys Back Land To Bolster Retail Center -

Three acres in Centennial Commons
Memphis, TN 38125
Sale Amount: $2 Million

Sale Date: Sept. 12, 2008
Buyer: Michael A. Lightman Sr.
Seller: Winsouth Hotel Partnership

Details: Michael Lightman Sr. has bought back a three-acre parcel of land in Centennial Commons retail center that he sold to Winsouth Hotel Partnership nine years ago for $1.4 million. The land is on the southwest corner of the Centennial site, which is north of Winchester Road, east of Germantown Road and near Tenn. 385.

10. Events -

Talk Shoppe will meet today from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. The topic is "Real Estate Property Management: What You Need to Know When You Need to Know It" with Hulet Gregory of Clothier & Gregory Real Estate. The event is free and open to the public. For more information, call Jo Garner at 759-7808.

11. New York Investors Buy Market of Riverdale Bend -

7110-7136 Winchester Road
Memphis, TN 38125
Sale Amount: $14.5 million

Sale Date: Dec. 15, 2006

12. Archived Article: Real Recap - Winchester Commons

Winchester Commons Sells for $13 Million

Winchester Commons

Shopping Center

Cost: $13 million

Buyer: Inland Western Memphis Winchester LLC

Seller: Germantown Venture

Property: Winchester Commons Shopping Cente...

13. Archived Article: Real Recap - 825 Ridge Lake Blvd

Doctors Purchase East Memphis Eye Care Clinic

825 Ridge Lake Blvd.

Memphis, TN 38120

Cost: $8.2 million

Buyer: VRF Building Partners LLC

Seller: RME Associates

Property: 1.76 acres at 825 Ridge Lake Blvd. The...

14. Archived Article: Retail Chg - By CAMILLE H Retail trends are more big-box stores, less spec space By CAMILLE H. GAMBLE The Daily News Although Memphis has more retail space per capita than the national average, developers say the market is not overbuilt because of the types of s...

15. Archived Article: Real Analys - 1/2 real analysis Memphis retail, lodging outlook rosy for 96 Prospects for the local real estate market remain pretty much bullish on all fronts as we head into the new year, according to those who ought to know. Belz senior vice president Andrew G...