logo
‘Mow to Own' program allows man to possess vacant lot

‘Mow to Own' program allows man to possess vacant lot

Yahoo22-05-2025

MEMPHIS, Tenn. — A man was awarded a vacant lot previously owned by the City of Memphis through the city's 'Mow to Own' Program on Tuesday.
The program allows Memphians to take ownership of city-owned properties that are adjacent to theirs.
Michael Gladney, 64, is a retired mechanic, and he now owns a brand new lot on Speed Street.
Whitehaven resident Gladney says he feels good now that he has a piece of property.
He said two years ago he used to live right next to a vacant lot on Speed Street.
Deputies investigate man beaten, stripped over racial slur at MS club
Gladney said he mowed the lawn of the North Memphis property every two weeks for the past three years.
'All you gotta do is keep the maintenance up on it. Keep it cut, keep it edged, and always take a before and after photo, so that way you have proof,' said Gladney.
'It's a win, win for the property owners and the city of Memphis as it would allow those particular properties to become useful again in the community by allowing property owners to extend their property lines, and it would allow that property to be back on the tax rolls and become a productive part of our community,' said Carleton Osborn, City of Memphis Real Estate Manager.
'Call and ask if this property will qualify for the Mow to Own program, and we will be able to research and get the answers that you need to have you qualify for the program,' said Osborn.
Gladney says he is thinking about building a getaway home on the other side of town to relax.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

GIPR Announces Sale of Two Properties and Full Repayment of CMBS Loan
GIPR Announces Sale of Two Properties and Full Repayment of CMBS Loan

Yahoo

time13 minutes ago

  • Yahoo

GIPR Announces Sale of Two Properties and Full Repayment of CMBS Loan

TAMPA, FL / / June 4, 2025 / Generation Income Properties, Inc. (NASDAQ:GIPR) ("GIPR" or the "Company"), today announced the successful sale of two assets-an Auburn University-occupied industrial building in Huntsville, Alabama, and a Starbucks-occupied retail property in Tampa, Florida-both of which were previously encumbered under a single commercial mortgage-backed securities (CMBS) loan. The sales resulted in the full repayment of the loan's approximately $10.5 million principal balance, leaving the Company's remaining CMBS-encumbered property-a 7-Eleven in Washington, D.C.-completely unleveraged. Said David Sobelman, CEO of GIPR, "These transactions represent a meaningful milestone in GIPR's continued efforts to streamline its balance sheet and strategically enhance its portfolio. The Company navigated a complex payoff process and addressed a number of administrative and timing constraints that arose in connection with the CMBS loan, which was serviced by PNC Bank. With the CMBS loan now fully retired and these sales complete, GIPR is positioned to move forward with a cleaner capital structure and enhanced operational flexibility." About Generation Income Properties Generation Income Properties, Inc., located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office and industrial net lease properties located primarily in densely populated submarkets throughout the United States. Additional information about Generation Income Properties, Inc. can be found on the Company's corporate website: Forward-Looking Statements: This press release, whether or not expressly stated, may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. The words "believe," "intend," "expect," "plan," "should," "will," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These statements reflect the Company's expectations regarding future events and economic performance and are forward-looking in nature and, accordingly, are subject to risks and uncertainties. Such forward-looking statements include risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements which are, in some cases, beyond the Company's control and which could have a material adverse effect on the Company's business, financial condition, and results of operations. These risks and uncertainties include the risk that that the expected benefits of the above-described portfolio acquisition will not be realized or will not be realized within the expected time periods, as well as risks relating to general economic conditions, market conditions, interest rates, and other risks and uncertainties that are identified from time to in the Company's SEC filings which are available at The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company's business, financial condition, and results of operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statement made by us herein speaks only as of the date on which it is made. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof, except as may be required by law. Investor Contact: Investor Relationsir@ SOURCE: Generation Income Properties View the original press release on ACCESS Newswire

Blowtorch burglars access safes at another Southern California jewelry store
Blowtorch burglars access safes at another Southern California jewelry store

Yahoo

timean hour ago

  • Yahoo

Blowtorch burglars access safes at another Southern California jewelry store

A jewelry store in Encino on Sunday became the latest to be targeted by burglars using a blowtorch to gain access to its safes. Surveillance video from Afghan Lapis Jewelry on the 17600 block of Ventura Boulevard shows four burglars crawling on the floor after breaking into the business during the early morning hours. KTLA reporter Angeli Kakade was at the store Wednesday morning. She could still smell the smoke from inside the ransacked shop, where items were overturned and a blowtorch was used to open two safes. The suspects are believed to have spent about an hour and a half inside the shop, getting away with an estimated hundreds of thousands of dollars worth of merchandise, after taking down the alarm system. 'For one second, if you can imagine how would you feel if you built your life and you're at retirement age and everything you saved up is gone to zero, overnight,' the store owner's brother Amin Nassiri said. A GoFundMe donation page has been started to help the owner repair and reopen the family-owned store. The burglary is nearly identical to a break-in that took place at a jewelry store in Glendale last month, in which the suspects dropped through a roof before using a blowtorch to open a safe. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

LGI Homes, Inc. Reports May 2025 Home Closings
LGI Homes, Inc. Reports May 2025 Home Closings

Yahoo

timean hour ago

  • Yahoo

LGI Homes, Inc. Reports May 2025 Home Closings

THE WOODLANDS, Texas, June 04, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 416 homes in May 2025. As of May 31, 2025, the Company had 145 active selling communities. About LGI Homes, Inc. Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America's fastest growing companies, LGI Homes has closed over 75,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek's list of the World's Most Trustworthy Companies. LGI Homes' commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state, and national level, including the Top Workplaces USA 2025 Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company's website at CONTACT:Joshua D. FattorExecutive Vice President, Investor Relations and Capital Markets(281) 210-2586investorrelations@ in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store