Editorial Results (free)
1.
Banks Team Up for Saturday Event to Help Memphians Improve Credit -
Friday, June 8, 2018
In an effort to support credit and financial counseling of Memphis residents, more than a dozen local banks that banded together last year to form the Memphis Area Community Reinvestment Act Association are preparing to host their first collective event this weekend.
2.
Last Word: One for Graceland, Randy Boyd in Millington and Green Eyeshades -
Tuesday, June 5, 2018
From the distance of 50 years – half a century – it’s hard to relate what it was like to grow up in the 1960s – in particular the year 1968 in a city that figured prominently in the year’s turbulent trajectory.
3.
Trustmark Bank Scores No. 1 Ranking In Customer Satisfaction Survey -
Saturday, June 2, 2018
With intense competition in the Memphis banking market to win over new customers and keep their existing ones, customer satisfaction is key. In the most recent J.D. Power U.S. Retail Banking Satisfaction Study, Trustmark National Bank scored the highest marks for the South Central region, which includes Memphis.
4.
Trustmark Corp. Reports Q4, Full-Year Earnings -
Saturday, February 3, 2018
Trustmark Corp., the Jackson, Miss.-based parent company of Trustmark National Bank, has reported net income of $15.8 million in the fourth quarter of 2017, which represented diluted earnings per share of 23 cents.
5.
Digest -
Monday, January 29, 2018
Memphis Toys R Us
To Remain Open
A representative with Toys R Us has confirmed to The Daily News that the retailer’s Memphis location, at 7676 Polo Ground Blvd., won’t close after all.
6.
Trustmark Corp. Reports Q4, Full-Year Earnings -
Monday, January 29, 2018
Trustmark Corp., the Jackson, Miss.-based parent company of Trustmark National Bank, has reported net income of $15.8 million in the fourth quarter of 2017, which represented diluted earnings per share of 23 cents.
7.
Dunavant Awards Will Feature Hardy As Keynote -
Friday, January 26, 2018
As a lifelong Memphian and successful entrepreneur, Carolyn Hardy is all about finding new ways to grow the city.
8.
Pinnacle Financial Adds to Memphis Team -
Saturday, December 2, 2017
Justin Gordon, Logan Welch, Michelle Butler and Amy Dunnam have joined Pinnacle Financial Partners, all based at the main office on Shady Grove Road.
9.
Pinnacle Financial Adds to Memphis Team -
Thursday, November 30, 2017
Justin Gordon, Logan Welch, Michelle Butler and Amy Dunnam have joined Pinnacle Financial Partners, all based at the main office on Shady Grove Road.
10.
Pinnacle Adds to Local Mortgage Teams -
Saturday, November 18, 2017
Stephanie Pilkington and Ken Pruett have joined Pinnacle Financial Partners as senior vice presidents and mortgage advisers.
11.
Pinnacle Adds to Local Mortgage Teams -
Tuesday, November 14, 2017
Stephanie Pilkington and Ken Pruett have joined Pinnacle Financial Partners as senior vice presidents and mortgage advisers.
12.
Iconic E. Memphis Office Building Sells for $19.7M -
Monday, November 6, 2017
Nashville-based Magnolia Capital Investments has purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investors, Faropoint Ventures. Faropoint intends to reinvest proceeds from the sale to buy other Memphis properties.
13.
Trustmark Centre Sells for Nearly $20M -
Thursday, November 2, 2017
An iconic East Memphis office building has switched hands for $19.7 million.
Nashville-based Magnolia Capital Investments has purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investment group Faropoint Investments.
14.
Trustmark Centre Sells for Nearly $20M -
Wednesday, November 1, 2017
An iconic East Memphis office building has switched hands for $19.7 million.
In the deal, Nashville-based Magnolia Capital Investments purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investors, Farpoint Investments.
15.
FDIC Report Shows Top Memphis Banks -
Thursday, October 5, 2017
With a few exceptions, the Top 10 banks in the Memphis metro area as ranked by deposits by the Federal Deposit Insurance Corp. in its latest annual report hasn’t changed much this time around.
16.
Trustmark Bank Expands Into Huntsville Market -
Saturday, November 19, 2016
The parent company of Trustmark Bank has announced a $25.6 million merger with RB Bancorporation, the holding company for Reliance Bank, which has seven offices that serve the Huntsville, Alabama, metro area.
17.
Trustmark Bank Expands Into Huntsville Market -
Wednesday, November 16, 2016
The parent company of Trustmark Bank has announced a $25.6 million merger with RB Bancorporation, the holding company for Reliance Bank, which has seven offices that serve the Huntsville, Alabama, metro area.
18.
Trustmark Centre Building Sells for $14.5 Million -
Saturday, October 22, 2016
An office building at 5350 Poplar Ave. in the prime East Memphis office submarket has been sold.
The Trustmark Centre building, located between Valleybrook and West Suggs Drive, was purchased by Tennessee and New York investment companies doing business as 5350 Poplar Office Center LLC for $14.47 million.
19.
Trustmark Centre Building Sells for $14.5 Million -
Friday, October 21, 2016
An office building at 5350 Poplar Ave. in the prime East Memphis office submarket has been sold.
The Trustmark Centre building, located between Valleybrook and West Suggs Drive, was purchased by Tennessee and New York investment companies doing business as 5350 Poplar Office Center LLC for $14.47 million.
20.
Last Word: Early Voting Lines, Bank Moves, and Death of the Hi-Tone Mural -
Thursday, October 20, 2016
Dodgers vs. Cubs or Trump vs. Clinton on your Wednesday evening. – We live in a land of choices … and screen within a screen technology.
Before the playoff game and the last of the Presidential debates got rolling there were lines at several of the early voting locations across Shelby County Wednesday on the first day of the early voting period.
21.
Trustmark Centre Building Sells for $14.5 Million -
Thursday, October 20, 2016
An office building at 5350 Poplar Ave. in the prime East Memphis office submarket has been sold.
The Trustmark Centre building, located between Valleybrook and West Suggs Drive, was purchased by Tennessee and New York investment companies doing business as 5350 Poplar Office Center LLC for $14.47 million.
22.
Jordan Takes Leading Role At Child Advocacy Center -
Wednesday, August 10, 2016
Mark Jordan has joined the Memphis Child Advocacy Center as development director, responsible for connecting people in a meaningful way to the critical services MCAC provides to vulnerable children. In his new role, Jordan will create and administer a comprehensive development plan to both enhance connections and build new relationships with volunteers and the philanthropic community to grow fundraising, donor relations and public engagement.
23.
McLean Wilson To Address Crosstown’s Resurgence -
Monday, October 19, 2015
Four years ago, the Sears Crosstown building started on a complete transformation into becoming a vertical urban village as Crosstown Concourse. It hasn’t been an easy journey for McLean Wilson, leader of the abandoned building’s $200 million redevelopment, but it’s one that has the potential to uplift other disinvested areas in Memphis commercial real estate.
24.
Local Wealth Managers Put Service Above Self -
Saturday, June 6, 2015
Service over self is the Rotarian creed, and one that local wealth manager William (Bill) Pickens, has embraced in his life.
As founder of Gift of Life International’s local chapter, Gift of Life Mid-South – an organization that brings children with congenital heart defects from developing countries to Memphis to undergo lifesaving surgery – Pickens has put his mantra to work in tangible ways.
25.
Council Pursues Budget Loose Ends, Votes on Brewery Funding -
Tuesday, June 2, 2015
Memphis City Council members will vote Tuesday on $2.5 million in city funding for the Tennessee Brewery redevelopment.
The members also have budget changes to work out before final budget votes later this month. They will tackle those issues during a Tuesday morning committee session.
26.
Shelby County Mortgage Market Sees Improvement -
Tuesday, January 27, 2015
The mortgage market in Shelby County ended 2014 in a slighter better position than where it stood in 2013.
Banks and mortgage lenders made 8,471 purchase mortgages in Shelby County during 2014, up 2 percent from the 8,301 mortgages during 2013, according to the latest data from real estate information company Chandler Reports,www.chandlerreports.com.
27.
Trustmark’s Neal Finds Plenty to Like in CRE -
Saturday, November 15, 2014
Trustmark National Bank senior vice president Rick Neal, who manages the bank’s commercial real estate efforts for the Memphis region, came to the bank in 2012 for a couple of reasons.
28.
Mortgage Market Up 8 Percent in April -
Thursday, May 8, 2014
Sam Goff, a senior loan originator at Independent Bank, announced in a post to his Facebook followers last month that mortgage rates were at one point about as low as they’d been in 2014 so far.
29.
Trustmark Bank Opens Headquarters in East Memphis -
Monday, April 28, 2014
Trustmark Bank has officially opened its new regional headquarters location in East Memphis.
The regional headquarters opened at the 5350 Poplar Ave. office building, which has been renamed Trustmark Centre. The bank acquired naming rights as a part of the 12.5-year lease Trustmark Corp. signed in November.
30.
Orpheum Files Permit For Performing Arts Center -
Tuesday, February 18, 2014
225 S. Main St.
Memphis, TN 38103
Permit Cost: $10.2 million
Project Cost: $14.5 million
31.
D1 Sports Buys Land, Files Construction Loan -
Thursday, February 13, 2014
An affiliate of Franklin, Tenn.-based D1 Sports Training has bought 1.9 acres of land in Collierville and filed a construction loan for a 19,062-square-foot sports facility on the property.
DP Memphis LLC paid $375,000 for the vacant parcel, whose address is known as 85 Market Center Drive, in a Feb. 4 special warranty deed from Schilling Farms LLC.
32.
Banner Year for East Memphis Office Space -
Monday, December 30, 2013
The Memphis office real estate market began showing signs of life in 2013, with the market for Class A office space in the East Memphis submarket fueling the resurgence.
While the city’s overall office market numbers may not appear very strong, the city’s most desired office submarket – East Memphis around Poplar Avenue and Interstate 240 – began showing strong signs of improvement in the second half of the year.
33.
Out-of-Town Banks Target Memphis for Growth -
Saturday, December 14, 2013
More than 40 percent of the customer deposit share in the Memphis-area banking market belongs to institutions that have a presence here but are based outside the area, the latest figures from the Federal Deposit Insurance Corp show.
34.
Mortgage Market Up 10 Percent in November -
Thursday, December 12, 2013
Borrowers are still rushing to lock in low rates, take advantage of a seemingly improving economy and get those keys to a new home in their hands.
That’s what the latest monthly mortgage numbers would suggest, as do the mortgage industry professionals who say borrowers kept the phones ringing at pretty much a steady clip in November compared to the previous month and helped November see a 10 percent uptick in the county’s mortgage volume.
35.
Former Ike’s on Summer Sells for $2.7 Million -
Monday, May 27, 2013
4569 Summer Ave. Memphis, TN 38122
Sale Amount: $2.7 million
Sale Date: May 17, 2013
36.
Iberiabank Installs New Executive in Memphis -
Saturday, May 25, 2013
Iberiabank has a new senior vice president and commercial relationship manager in the bank’s Memphis market.
Brandon Cooper will be in the bank’s Memphis-area corporate office at 4984 Poplar Ave. He comes to Iberiabank from Trustmark National Bank, where he was first vice president and commercial relationship manager.
37.
Former Ike’s on Summer Sells for $2.7 Million -
Friday, May 24, 2013
A 16,085-square-foot former Ike’s drug store at the corner of Summer Avenue and North Perkins Road in Berclair has sold for $2.7 million.
FSC FMC-FD Memphis TN LLC, which lists a Lake Como, N.J., address, bought the property at 4569 Summer Ave. on May 17 from FDS Holdings LLC and Blue Cedar Properties LLC.
38.
Iberiabank Installs New Executive in Memphis -
Tuesday, May 21, 2013
Iberiabank has a new senior vice president and commercial relationship manager in the bank’s Memphis market.
Brandon Cooper will be in the bank’s Memphis-area corporate office at 4984 Poplar Ave. He comes to Iberiabank from Trustmark National Bank, where he was first vice president and commercial relationship manager.
39.
Lender Buys Bartlett Office Building After Default -
Tuesday, April 16, 2013
The 59,882-square-foot Bartlett Square office building at 5705 Stage Road in Bartlett has been sold back to the lender following a foreclosure.
40.
Trustmark Buys Branches From SOUTHBank -
Saturday, April 6, 2013
Trustmark National Bank has inked a branch purchase and assumption agreement to acquire two branches of SOUTHBank to serve the Oxford, Miss., market.
41.
Trustmark Buys Two Branches From SOUTHBank -
Monday, April 1, 2013
Trustmark National Bank has inked a branch purchase and assumption agreement to acquire two branches of SOUTHBank to serve the Oxford, Miss., market.
42.
Nike Buys Frayser Land From Belz for Expansion -
Tuesday, February 5, 2013
200 acres in Frayser Sale Amount: $2.2 million
Sale Date: Jan. 24, 2013
Buyer: Nike TN Inc.
43.
Mayor, Banks Revive Program Targeting City’s Unbanked -
Monday, February 4, 2013
It started with a letter. More than two dozen of them, actually. Bankers from around Memphis got a missive from Memphis Mayor A C Wharton Jr. in 2010 that solicited help from bankers like Joe DiNicolantonio, West Tennessee area president for Regions Bank.
44.
Rheumatology Clinic Buys Germantown Office Building -
Tuesday, November 27, 2012
7660 Poplar Pike Germantown, TN 38138
Sale Amount: $986,850
Sale Date: Nov. 14, 2012
45.
Rheumatology Clinic Buys Germantown Office Building -
Monday, November 26, 2012
Rheumatology Specialty Clinic PLLC has bought the 4,728-square-foot building at 7660 Poplar Pike in Germantown for slightly less than $1 million.
46.
Shelby Oaks Red Roof Inn Sells for $1.6 Million -
Tuesday, September 25, 2012
6055 Shelby Oaks Drive
Memphis, TN 38134
Sale Amount: $1.6 million
Sale Date: Sept. 19, 2012
47.
Courtyard by Marriott Owner Files $15M Loan -
Friday, September 21, 2012
The company that developed and owns the Courtyard by Marriott hotel at 75 Jefferson Ave. has filed a $15 million loan on the Downtown property.
48.
Herbalife Plans to Expand Memphis Distribution Center -
Tuesday, August 21, 2012
5025 Crumpler Road
Memphis, TN 38141
Permit Cost: $4.8 million
Permit Date: Applied August 2012
49.
Former Ike's Sells for $1.3 Million -
Friday, August 17, 2012
A 16,085-square-foot former Ike’s drug store at the corner of Summer Avenue and North Perkins Road has sold for $1.3 million, or about $81 a square foot.
3C Summer Partners LLC, which lists a residential address in Brentwood, Tenn., bought the property from Stephen L. LaFrance Pharmacy Inc., filing a $1.7 million loan through Trustmark National Bank at the time of purchase.
50.
Humane Soc. Names Walker Development, Marketing Mgr. -
Wednesday, March 21, 2012
Leah Walker has joined the Humane Society of Memphis & Shelby County as development and marketing manager. Walker represented her home state as Miss Georgia in 2008 before joining the Greater Memphis Chamber as a development consultant.
51.
Land South of Shelby Forest Sells for $2.3 Million -
Tuesday, December 6, 2011
Vacant Land
Near Shelby Forest Park
Sale Amount: $2.3 million
Sale Date: Nov. 17, 2011
Buyer: Warren Nickolas Nunn
Seller: Estate of William S. Howard Sr.
Loan Amount: $2.5 million
Loan Date: Nov. 18, 2011
Maturity Date: n/a
Lender: Patriot Bank
Details: Warren Nickolas Nunn has bought several large parcels of vacant land from the estate of William S. Howard Sr. for $2.3 million, financing it with a $2.5 million loan through Patriot Bank.
52.
Off the Dock Seafood Plant Sells for $1.3 Million -
Wednesday, November 30, 2011
Nashville-based Seafood Property Partners GP has bought a 9,224-square-foot seafood packing plant at 3511 Sky Harbor Cove from David Feinstone and Andria Feinstone for $1.3 million.
53.
Trust One Parent Has Profitable Q3 -
Monday, October 31, 2011
Columbus, Ga.-based Synovus Financial Corp. reported earnings of $15.7 million for the third quarter, the company’s first quarterly profit since Q2 2008.
54.
Trustmark Corp. Reports Profitable Q3 -
Thursday, October 27, 2011
Trustmark Corp., the parent of Trustmark National Bank, reported net income of $27 million in the third quarter.
55.
Arlington Shopping Center Financed for $1.5 Million -
Thursday, July 14, 2011
Slidell, La.-based Southeast Investments LLC has financed a nearly 24,000-square-foot shopping center at 6050 Air Line Road in Arlington for $1.5 million through Trustmark National Bank. The loan matures July 5, 2016.
56.
$7.8 Million Loan Filed For Ridge Lake Doctor’s Office -
Wednesday, July 6, 2011
VRF Building Partners LLC has filed a $7.8 million loan through Trustmark National Bank for 825 Ridge Lake Blvd.
57.
Smith & Nephew Files Permit For Goodlett Farms Building -
Tuesday, May 3, 2011
7135 Goodlett Farms Parkway
Cordova, TN 38016
Permit Amount: $8 million
58.
Stonebriar Properties Buys Land in Stonebriar Phase 5 -
Tuesday, April 26, 2011
Germantown-based Stonebriar Properties LLC has bought 63 lots in Stonebriar Planned Development, phase 5, as well as 30 acres of vacant land in the development, from Land Solutions LLC for $2.5 million.
59.
Takeuchi Joins Memphis Veterinary Specialists -
Wednesday, February 23, 2011
Dr. Ai Takeuchi has joined Memphis Veterinary Specialists and PetMed Emergency Center as the facility’s first hospitalist.
Hometown: Kugenuma, Japan, but I grew up in Trinidad, U.S., Indonesia and Singapore as well.
Education: University of Pennsylvania, VMD; Mount Holyoke College, BA
Family: I am in Memphis with my husband, Chris, and my son, Aiden, who is almost 4 months old. We have a dog named Bovie and three cats: Rex, Mika and Lailee.
Activities you enjoy outside of work: Eating good food; I’m a foodie and love trying new restaurants. I also love to cook, horseback ride, read books and go on hikes or long walks with the family and our dog, Bovie.
Who has had the greatest influence on you? My mom had the most influence over me. She was a “Tiger Mom” and raising me in different countries while upholding cultural traditions must have been a challenge. She always pushed me to excel and I wouldn’t be where I am today without her support.
Why did you pursue a career as a veterinarian? At the age of 4, I went from wanting to be a bus driver to a veterinarian. I’ve always loved animals, and taking care of them is my dream job. They have no voice of their own and need someone to champion for them and take their interests at heart. They are all innocent little souls that need someone to watch over them.
What drew you to Memphis Veterinary Specialists? I wanted to work with boarded specialists who offered the highest level of medicine available. I enjoy emergency work as well as the challenges of complicated cases. It is imperative that I can give my clients a variety of medical options, including seeing a premier specialist.
What do you consider your greatest professional accomplishments? Whenever I can say I helped a family cope with their pet’s illness and was able to ease both their pain and help their pet. That is a great accomplishment for me.
What do you most enjoy about your work? Making a difference in an animal’s life and their family’s life. Being able to bring comfort to both the pet and the family makes my job fabulous. Even if the diagnosis is not a good one, at least I can answer their questions and help them make the right decision for their family.
60.
Foreign Investors Buy Treasure Park Apartments -
Tuesday, February 15, 2011
2601 N. Watkins St.
Memphis, TN 38127
First Sale: $1.1 million
Sale Date: Jan. 31, 2011
Buyer: City National Bank
Seller: Federal Deposit Insurance Corp. as receiver for Imperial Capital Bank of La Jolla, Calif.
Second Sale: $450,000
Sale Date: Jan. 28, 2011
Buyer: Square Mile Investments LLC
Seller: City National Bank
Details: A foreign investment group named Square Mile Investments LLC has bought Treasure Park Apartments at 2601 N. Watkins St. in Frayser from City National Bank for $450,000.
Details: A foreign investment group named Square Mile Investments LLC has bought Treasure Park Apartments at 2601 N. Watkins St. in Frayser from City National Bank for $450,000.
61.
Cordova Strip Center Sells for $800,000 -
Thursday, February 10, 2011
Cordova-based Monopoly Properties LLC has bought a strip shopping center at 990 N. Germantown Parkway from U.S. Bank NA, as trustee for Morgan Stanley Capital I Inc. Commercial Mortgage Pass-Through Certificates Series 2005-HQ7, for $800,000.
62.
Trustmark Forecloses on 46 Lots in Gailyn Manor -
Wednesday, January 26, 2011
Trustmark National Bank has foreclosed on 46 lots in Gailyn Manor Planned Development, phase II, according to a first-run foreclosure notice in today’s Daily News. The foreclosure notice was filed because borrower Gailyn Manor Inc. defaulted on a $2.1 million loan through Trustmark. That loan was a construction deed of trust dated Nov. 15, 2005, for what at the time was 34.3 vacant acres on Old Brownsville Road.
63.
Polly Installed as President of Downtown Kiwanis Club -
Wednesday, December 1, 2010
Dianne Polly, vice president of compliance and community relations for Metropolitan Inter-Faith Association, has been installed as president of the Downtown Memphis Kiwanis Club. Also, she has been appointed chairman of the American Dietetic Association’s Ethics Committee.
64.
Local TARP Profits Lining Up For Fed -
Tuesday, October 19, 2010
The federal government has so far turned a nearly $93 million profit from the investment of emergency capital into Memphis-area banks as part of its larger rescue of the nation’s financial system in 2008.
65.
Trustmark-Cadence Merger Shows Different Outcomes -
Friday, September 24, 2010
The merger of Trustmark National Bank and Cadence Bank offers a reminder of the arguably scattershot approach with which the federal government implemented the Troubled Asset Relief Program.
66.
Trustmark CEO Prepares to Retire -
Wednesday, September 22, 2010
Trustmark Corp. CEO Richard Hickson is preparing to hand off the reins of the Jackson, Miss.-based bank to Gerard (Jerry) Host at the end of the year, when Hickson retires from the post Dec. 31.
67.
Host to Become CEO of Trustmark -
Thursday, September 16, 2010
JACKSON, Miss. (AP) – Trustmark Corp. and its subsidiary, Trustmark National Bank, said Tuesday that Gerard Host will serve as president and CEO of both companies starting Jan. 1.
68.
Great Oaks Church of Christ Begins Work on New Wing -
Tuesday, June 22, 2010
3355 Brunswick Road
Bartlett, TN 38133
Loan Amount: $1 million
Loan Date: June 16, 2010
Maturity Date: June 10, 2011
Borrower: Great Oaks Church of Christ
Lender: BancorpBank South
69.
Paintball Park Sells For $3.5M After Foreclosure -
Wednesday, June 16, 2010
The property that houses the Paintball Park at 9640 Davies Plantation in Lakeland has sold for $3.5 million in a substitute trustee’s deed following a foreclosure.
The sale closed June 10 with Trustmark National Bank reclaiming the 101.95-acre property on the Shelby County Courthouse steps from substitute trustee Kelly E. McCarthy of Morton & Germany LLC.
70.
Stephenson Finds Success In Memphis -
Monday, March 29, 2010
Susan Stephenson grew up in East Tennessee and followed her heart to Memphis when a young man she knew decided to attend graduate school here.
71.
Former Orgill Distribution Center Sold Following Foreclosure -
Tuesday, March 23, 2010
2108 Latham St.
Memphis, TN 38109
Sale Amount: $2.5 Million
Sale Date: March 9, 2010
Buyer: NW-2100 Latham Street LLC
Seller: Bradley Ottinger, trustee
72.
Onyx Medical Files $3.5 Million Permit -
Monday, March 22, 2010
Onyx Medical Corp. last week filed a $3.5 million permit with the city-county Office of Construction Code Enforcement to build a facility at 5121 N. Shelby Oaks Drive.
73.
Six Permits Issued to Airport For Ground Transportation Center -
Tuesday, March 9, 2010
2491 Winchester Road
Memphis, TN 38116
Permit Amounts: $89.5 Million
Project Cost: $121 million
Permit Date: Issued March 2010
Completion: Spring 2012
Owner: Memphis-Shelby County Airport Authority
Tenant: Memphis-Shelby County Airport Authority
Contractor: The Flintco Cos. Inc.
Architect: Walker Parking Consultants
74.
RBM Venture Files Two Loans on Cordova Lots -
Monday, March 8, 2010
RBM Partners LP and RBM Trinity LP, two related entities connected to RBM Venture Co., have filed $1.6 million and $700,000 loans, respectively, on two lots near Trinity and Dexter roads in Cordova.
75.
Onyx Files Loan For New HQ -
Thursday, March 4, 2010
Onyx Medical Corp. on Monday filed a $3.9 million construction loan through Trustmark National Bank to build a facility at 5121 N. Shelby Oaks Drive.
76.
Little Guys, Big Guys -
Monday, February 22, 2010
No one would mistake a local institution like Tri-State Bank for one of Wall Street’s mighty titans of finance, whose recent woes brought the U.S. and world economies to their knees.
77.
Banks Find Time Right to Repay TARP -
Monday, February 1, 2010
President Barack Obama made an effort to show his disdain for the taxpayer-funded bank bailout during his State of the Union address Wednesday night, likening its popularity to that of a root canal.
78.
TARP paybacks spell end for Wall Street, Washington marriage -
Friday, January 8, 2010
About 230 miles separate the centers of political and financial power in the United States.
But in 2010, Wall Street and Washington will remain as interlocked as they’ve been for the past two years, ever since the federal government first began using the public credit card to shore up the wobbly financial marketplace.
79.
Renal Company Sells Clinic, Leases It Back From New Owner -
Tuesday, December 29, 2009
4185 Pace Road
Memphis, TN 38116
Sale Amount: $2 Million
Sale Date: Dec. 17, 2009
Buyer: BanBan South Memphis LLC
Seller: RAI II LLC
Loan Amount: $1.5 million
Loan Date: Dec. 15, 2009
Maturity Date: March 7, 2011
Lender: First Security Bank
80.
Owner Files $2.3M Loan On Retail Center -
Thursday, December 24, 2009
The owner of the Kirby Gate shopping center in the Quince/Ridgeway area on Dec. 16 filed a $2.3 million loan through Trustmark National Bank against a portion of the property.
81.
Mixed Signals Remain for Local Banking Industry -
Monday, December 21, 2009
The old proverb about the fear of dismounting a tiger – once you’re riding one, you can’t hop off without becoming easy prey for the beast – seems applicable to the banking industry at the moment.
The tiger it’s riding is an economy marked by delinquent mortgages, companies shedding jobs and unpaid consumer loans stacking up as borrowers fall further behind. As a result of that upheaval, the U.S. government has basically turned into a vast holding company sitting on giant stakes in automakers and hundreds of banks.
82.
Migliara Buys Summer Avenue Retail Center from Las Vegas Owner -
Tuesday, December 15, 2009
6343 U.S. 70 (Summer Ave.)
Memphis, TN 38134
Sale Amount: $1.2 Million
Sale Date: Nov. 25, 2009
Buyer: Lawrence Migliara
Seller: Biz Point Property Group LLC
Loan Amount: $1.2 million
Loan Date: Nov. 25, 2009
Maturity Date: Dec. 5, 2014
Lender: Trustmark National Bank
83.
Migliara Buys Summer Ave. Retail Center for $1.2M -
Tuesday, December 8, 2009
Local real estate investor and retail owner Lawrence Migliara has bought the 14,700-square-foot strip center at 6343 U.S. 70 (Summer Ave.) near Bartlett for $1.2 million from Biz Point Property Group LLC of Las Vegas.
The retail building, part of the Bartlett Commercial Center Planned Development, sits on the east side of Summer Avenue near its intersection with Elmore Road and across the street from the Summer Avenue driver testing station.
84.
Loan Losses Still Up at Area Banks -
Monday, November 16, 2009
With a few exceptions, most major regional and community banks with a presence in the Memphis market are socking away more money these days to cover troubled parts of their loan portfolios.
The degrees to which they’re piling up those cushions vary widely, with the figure more than doubling at banks like Cadence and Renasant when comparing the just-ended third quarter to the same period last year. And the trend is important to watch, because when provisions for loan losses are on the rise it eats into a bank’s earnings, which in turn postpones the return of stability to the industry.
85.
Treasury: Local Banks Have Paid $42M in Interest -
Monday, October 12, 2009
Memphis-area banks have paid more than $42 million in interest to the federal government as part of the strings attached to emergency capital they received starting last year.
The desperately needed cash was doled out to banks to help them ride out the economic storm, and was one of the most significant planks in the government’s rescue of the financial system. Banks are making quarterly interest payments on those capital infusions, and the tally from banks in and around Memphis comes from a new report from the U.S. Treasury.
86.
Dollar General Coming To James Road in Raleigh -
Tuesday, September 29, 2009
3609 James Road
Memphis, TN 38128
Permit Amount: $497,000
Project Cost: $497,000
Permit Date: Applied September 2009
Completion: TBA
Owner: SW Properties LLC
Tenant: Dollar General Corp.
Contractor: SW Properties LLC
Architect: N/A
87.
‘Hoops of Fire’ Squelch Commercial Real Estate Activity -
Wednesday, September 23, 2009
The economy hasn’t extinguished commercial real estate deals, but it certainly has changed the way they get done.
Shane McElveen learned about the tedious process of property acquisition when he looked into buying the High Point Funeral Chapel at 3788 Summer Ave. in the Berclair area. McElveen, who had worked at the chapel as senior vice president, was trying to buy the business from owner G. David Keller.
88.
Waddells Buy Ashley Manor Condominiums -
Tuesday, September 22, 2009
John and Nancy Waddell have bought the two-building, 16-unit Ashley Manor condominiums at 129 and 137 N. Belvedere St. in Midtown for $1.6 million from Chamberlain, McCreery and Rice GP. The sale closed Sept. 4.
89.
Caputo Joins Baker Donelson’s Construction Law Practice -
Wednesday, September 16, 2009
Chris Caputo has joined Baker, Donelson, Bearman, Caldwell & Berkowitz PC. Caputo concentrates his practice in construction law and has experience in representing public and private owners, contractors and subcontractors, suppliers, insurers, financial institutions and design professionals.
90.
Enclave Partnership Files Loan For 19 Lots of Enclave at Sparkle Creek -
Tuesday, August 25, 2009
Enclave at Sparkle Creek Planned Development
Unincorporated Shelby County
Loan Amount: $1.5 Million
Loan Date: Aug. 13, 2009
Maturity Date: Aug. 15, 2011
Borrower: The Enclave Partnership
Lender: Merchants & Planters Bank
91.
Funeral Home and Office Sell for $3.4 Million -
Monday, August 24, 2009
A Berclair commercial portfolio anchored by the High Point Funeral Chapel sold Aug. 10 for $3.4 million in an internal transaction. The seller, G. David Keller, is listed as president and owner of the funeral home at 3788 Summer Ave.
92.
Banks Pay Back $30M in Interest on TARP Money -
Monday, July 27, 2009
The federal government has collected almost $30 million in interest payments from Memphis-area banks that got emergency capital starting last year, according to a new report from the U.S. Treasury.
93.
Stronger Banks Keep Opting Into Bailout Program -
Monday, November 24, 2008
The impact that the U.S. Treasury Department’s capital purchase program will have on the banking landscape in Memphis is coming more clearly into view.
Bank of Bartlett has applied to participate in the government program, and bank chairman and CEO Bob Byrd said the bank probably will end up taking part in the program. Independent Bank is still evaluating whether it wants to participate.
94.
BNSF Adds Fueling Facility To Memphis Intermodal Yard -
Tuesday, October 7, 2008
5280 E. Shelby Drive
Memphis, TN 38118
Permit Amount: $1.6 Million
Project Cost:$100 million
Permit Date:Applied October 2008
Completion:Second Quarter 2009
Owner:BNSF
Tenant:BNSF
Contractor:Ames Construction
95.
G’Town Office Building Sells for $1 Million -
Monday, September 29, 2008
The office building at 7660 Poplar Pike in Germantown isn’t quite finished, but it already has a new owner. Bregenzer Properties LLC paid $1 million for the 5,000-square-foot structure. The company bought the office building from Nancy S. Waddell, who acquired it in March from the builder, The Salvaggio Group LLC.
96.
THM to Build Nursing Facility Near Downtown -
Tuesday, September 16, 2008
1513 N. Second St.
Memphis, TN 38107
Permit Amount: $12.5 Million
Project Cost: $12.5 million
Permit Date: Applied September 2008
Completion: Winter 2009
Owner: Harbor View Properties Inc.
Tenant: Harbor View Properties Inc.
Contractor: Inman Construction Co.
Architect: Askew Nixon Ferguson Architects Inc.
97.
SRVS Buys Parkway Village Office Building -
Friday, September 12, 2008
The Shelby Residential and Vocational Services Inc. (SRVS) has bought an office building at 3971 Knight Arnold Road in Parkway Village for $850,000 from the Ajsy Family Living Trust, Anthony Joseph Campos Sy, trustee. The sale closed Aug. 28. The 82,166-square-foot building was built in 1992 and sits on 3.3 acres near the intersection of Knight Arnold and Getwell roads. The Shelby County Assessor of Property’s 2008 appraisal is $422,500.
The organization financed the purchase with a $722,500 loan from Trustmark National Bank. SRVS was formed in 1962 to help Shelby County residents with development disabilities.
Source: The Daily News Online & Chandler Reports
...98.
Seven Foreclosures Filed AgainstMark Matthews Development LLC -
Wednesday, April 2, 2008
Seven first-run foreclosure notices appear in today's Daily News beginning on Page 32 for properties owned by Mark Matthews Development LLC.
The lots facing foreclosure are: lot 152 in 99.
Foreclosure Notices FiledAgainst Matthews Dev. -
Monday, November 26, 2007
Seven first-run foreclosure notices for properties owned by Mark Matthews Development LLC appeared in the Foreclosures section of Friday's edition of The Daily News.
Three loans were ta100.
Foreclosures Filed AgainstMark Matthews Properties -
Friday, November 16, 2007
Five first-run foreclosures have been filed against properties owned by Mark Matthews Development LLC, according to The Daily News Online, www.memphisdailynews.com. The notices begin on Page 37 of today's issue of The Da