Memphis Local Business
Thursday | via Business Journal
Last year, Wal-Mart Stores Inc. purchased 35 acres off of Interstate 40 for the development of its sixth Supercenter within the Memphis city limits. Wal-Mart paid nearly $4 million for several properties northwest of the Whitten Road exit off of Interstate 40, behind the Firestone Complete Auto Care at Raleigh Lagrange and Whitten. Comment?
Thursday Apr 9 | via The Daily News
The Germantown-based homebuilder bought the vacant land from Bank of Bartlett in a March 25 warranty deed. In conjunction with the purchase, Regency filed a two-year, $1.3 million deed of trust, also through Bank of Bartlett. Comment?
Wednesday Apr 8 | via Business Journal
An East Memphis, Wolfchase and Germantown hotel were part of a $1.8 billion acquisition by a real estate investment trust out of New York. American Realty Capital Hospitality Trust Inc. of New York completed its acquisition of the Equity Inns Lodging Portfolio from affiliates of the Whitehall Real Estate Funds sponsored by Goldman Sachs . Comment?
Friday Apr 3 | via The Daily News
The Woods at Ridgeway, an apartment community at the northeast corner of Ridgeway and Knight Arnold roads, has sold for $18.5 million to an affiliate of Michigan-based ROCO Real Estate. Roco-Woods LLC bought the Class C property, which has about 550 units, from RRE Wyndridge Holdings LLC , according to a March 26 warranty deed. Comment?
Thursday Apr 2 | via Business Wire
"Dr. Ferrell brings to the Board extensive knowledge in business ethics, marketing and strategic corporate social responsibility in the direct selling industry," said J. Stanley Fredrick, Chairman of the Board of Mannatech, Incorporated. "Dr. Ferrell's work with the Direct Selling Education Foundation provides her with unique knowledge concerning the value of our business model to global consumers, which helps make her a valued asset and member of Mannatech's Board of Directors." Comment?
Thursday Apr 2 | via Business Journal
A Memphis property in the 38104 ZIP code was the winner with a $750,000 price tag. Located near the Cathedral of the Immaculate Conception in Midtown Memphis, the 4,932-square-foot house has five bedrooms and four bathrooms. Comment?
Wednesday Apr 1 | via The Daily News
An Arizona-based real estate investment trust has snatched up three Memphis-area car wash facilities for $6.4 million. A former clerk at the Chickasaw Country Club was sentenced Wednesday, April 1, to 18 months in prison for stealing $736,000 from the club. Comment?
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