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Editorial Results (free)

1. Fino’s Taking a Bite Out of East Memphis -

The Brookhaven Circle area, an emerging restaurant row in the heart of East Memphis, is welcoming a new neighbor.

Jerry Wilson, owner of Fino’s from the Hill at 1853 Madison Ave. in Midtown, has acquired the property at 703 W. Brookhaven Circle in East Memphis for $526,600.

2. Will Latest Inflammatory Comments Tarnish Trump's Brand? -

NEW YORK (AP) – Is Donald Trump's business empire as Teflon-coated as his hair appears to be?

Trump has found himself on the receiving end of the catchphrase he made famous on his reality show "The Apprentice" – "You're fired!" – after NBC dumped the real estate mogul Monday over comments he made about immigrants during his recent presidential campaign kickoff speech.

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

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

4. Seeds of Nutrition in South Memphis -

Second in a series of profiles on the Community Foundation of Greater Memphis’ GiVE 365 grantees.

The community garden/urban farming concept literally took root years ago. Knowledge Quest founder and director Marlon Foster remembers well the 25-by-25-foot plot at the Fowler Homes housing project back in 1999. It was a humble beginning planted with a few seeds and a lot of faith and hope.

5. Here's Why Home Sales Are Finally Surging -

WASHINGTON (AP) — Real estate has gotten hot again.

Home sales are on pace for their best year since 2007. First-time buyers are streaming back into the market. Prices are skyrocketing, aided by a stronger job market and tantalizingly low mortgage rates that are creating pressure for buyers to act fast.

6. Why Isn't Stolen Data on Federal Employees for Sale? -

WASHINGTON (AP) – The Obama administration is increasingly confident that China's government, not criminal hackers, was responsible for the extraordinary theft of personal information about as many as 14 million current and former federal employees and others, The Associated Press has learned. One sign: None of the data has been credibly offered for sale on underground markets popular among professional identity thieves.

7. Dayco Wins Tax Break For Distribution Operations -

Michigan-based manufacturer Dayco Products Ltd. will consolidate its distribution operations in the Memphis area, but exactly where remains undecided.

“Due to the continued growth in demand for our products and increased product complexity over the past several years, we have committed to this significant capital investment in order to deliver increased value to our customers,” said Ed Rammel, president of the North American and Australian Aftermarket for Dayco, in a company statement.

8. East Tennessee’s Endangered 8 -

The East Tennessee Preservation Alliance’s list of endangered heritage sites for the region:

1. The Stonecipher-Kelly House in Morgan County was built around 1814 by the first permanent white settlers in that area, as part of a Revolutionary War land-grant.

9. Universal Life Building Developers Secure Loan -

The Center City Development Corp. approved a $300,000 loan to help get the planned redevelopment of the Universal Life Building across the finish line.

10. Universal Life Building Developers Secure Loan -

The Center City Development Corp. approved a $300,000 loan to help get the planned redevelopment of the Universal Life Building across the finish line.

11. Universal Life Building Developers Acquire Key Public Financing -

Developers of the Universal Life Building have received approval for two key pieces of financing and a commitment from the city of Memphis to lease about half of the building.

Self-Tucker Properties LLC won approval Tuesday, April 14, for a nine-year payment-in-lieu-of-taxes agreement from the Center City Revenue Finance Corp. to renovate the building for office use. Architects Jimmie Tucker and Juan Self, principals of Self-Tucker Architects, also gained approval for $2 million in Qualified Energy Conservation Bonds for the project.

12. REIT Acquires Three Hotels for $39.6 Million -

7905 Giacosa Place, 5320 Poplar Ave. and 7855 Wolf River Boulevard
Memphis, TN
Sale Amount: $39.6 million

13. REIT Acquires Three Hotels for $39.6 Million -

A New York-based real estate investment trust has acquired three hotels in the Memphis area for $39.6 million.

ARC Hospitality Portfolio I Owner LLC, an affiliate of American Realty Capital Hospitality Trust Inc., acquired the three properties from W2007 Equity Inns Realty LLC.

14. Universal Life Building Developers Seek PILOT -

Developers of the Universal Life Building are seeking a 10-year payment-in-lieu-of-taxes agreement from the Center City Revenue Finance Corp. to renovate the building for office use.

15. Universal Life Building Developers Seek PILOT -

Developers of the Universal Life Building are seeking a 10-year payment-in-lieu-of-taxes agreement from the Center City Revenue Finance Corp. to renovate the building for office use.

16. Universal Life Building Developers Seek PILOT -

Developers of the Universal Life Building are seeking a 10-year payment-in-lieu-of-taxes agreement from the Center City Revenue Finance Corp. to renovate the building for office use.

17. REIT Acquires Three Hotels For $39.6 Million -

A New York-based real estate investment trust has acquired three hotels in the Memphis area for $39.6 million.

ARC Hospitality Portfolio I Owner LLC, an affiliate of American Realty Capital Hospitality Trust Inc., acquired the three properties from W2007 Equity Inns Realty LLC.

18. Orion Acquires Medical Center Property for New Branch -

821 Poplar Ave.
Memphis, TN 38105
Sale Amount: $1.3 million

Sale Date: March 20, 2015
Buyer: Orion Federal Credit Union
Seller: Georgia Commercial Stores Inc.
Details: Orion Federal Credit Union has acquired a key piece of Memphis Medical Center real estate for a new branch.

19. Memphis-Area Homes Part of $553 Million Loan -

A total of 66 residential single-family rental properties in the Memphis area, including the cities of Memphis, Lakeland and Arlington, are part of a massive loan arranged by Goldman Sachs for a leading residential real estate investment trust.

20. Memphis-Area Homes Part of $553 Million Loan -

A total of 66 residential single-family rental properties in the Memphis area, including the cities of Memphis, Lakeland and Arlington, are part of a massive loan arranged by Goldman Sachs for a leading residential real estate investment trust.

21. MRG Enjoys Flurry of Leasing Activity -

Memphis-based Makowsky Ringel Greenberg LLC is reporting leasing activity at its retail, office and industrial properties.

22. Events -

The Memphis Chapter of the Public Relations Society of America will honor Loeb Properties president Bob Loeb, the chapter’s 2014 Communicator of the Year, at its monthly luncheon Thursday, Feb. 12, at 11:45 at the University Club, 1346 Central Ave. Cost is free for members and $25 for nonmembers. Visit prsamemphis.org.

23. Events -

The Tennessee Small Business Development Center and Waller Lansden Dortch and Davis LLP will kick off the “Protecting Your Intellectual Property” series Thursday, Feb. 12, from 8:30 a.m. to 11 a.m. at the Renaissance Business Center, 555 Beale St. Participants will learn more about patents, copyrights, trademarks, nondisclosure agreements and more to protect their business. Visit tsbdc.org/swtcc or call 901-333-5085 to register.

24. Events -

The Center City Revenue Finance Corp. will meet Tuesday, Feb. 10, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

25. Events -

Morris Auction Group will host a free seminar for potential property sellers to learn about the real estate auction marketing method Monday, Feb. 9, at 6 p.m. at the Morris Auction Group offices, 2687 Mount Moriah Terrace. Visit morrisauctiongroup.com for details.

26. Events -

Teach901 will host its third annual teacher job fair Tuesday, Feb. 10, from 5 p.m. to 8 p.m. at Central BBQ Downtown, 1247 Butler Ave. Candidates interested in pursuing a career as an educator in the Memphis area are invited. More than 20 organizations will be seeking hires. Visit teach901.com/job-fair to register.

27. Bankruptcies Dip Below 12,000 in 2014 -

Reflecting a national trend, Shelby County recorded a 7 percent drop in bankruptcies in 2014 compared to the previous year.

And the number of bankruptcies across the 33 Shelby County ZIP codes in 2014 was also down from 2013 and 2012 in each of the three types of bankruptcy chapters, according to The Daily News Online, memphisdailynews.com.

28. Phoenix REIT Purchases 2 Walgreens for $11.3 Million -

A Phoenix-based real estate investment trust has acquired two Walgreens stores from the retailer’s parent company.

ARCP WG Memphis TN LLC and ARCP WG Bartlett 5950 Stage Road LLC, both affiliates of Phoenix-based American Realty Capital Properties, acquired the Walgreens stores at 3670 Riverdale Road and 5950 Stage Road in Bartlett from the Walgreen Co. for $11.3 million, according to two Nov. 24 special warranty deeds.

29. Bank of Bartlett Buys Germantown Property -

1870 Kirby Parkway
Germantown, TN 38138
Sale Amount: $4.1 million

Sale Date: Dec. 29, 2014
Buyer: Bank of Bartlett
Seller: Spence Ray
Details: Bank of Bartlett has bought back a site on Kirby Parkway in Germantown for $4.1 million.

30. Phoenix REIT Purchases 2 Walgreens for $11.3 Million -

A Phoenix-based real estate investment trust has acquired two Walgreens stores from the retailer’s parent company.

ARCP WG Memphis TN LLC and ARCP WG Bartlett 5950 Stage Road LLC, both affiliates of Phoenix-based American Realty Capital Properties, acquired the Walgreens stores at 3670 Riverdale Road and 5950 Stage Road in Bartlett from the Walgreen Co. for $11.3 million, according to two Nov. 24 special warranty deeds.

31. Shelby County Commercial Sales Dip in October -

Shelby County recorded 90 commercial sales in October, down 4 percent from 94 commercial sales recorded in October 2013, according to real estate information company Chandler Reports, www.chandlerreports.com.

32. Skip Check-In; Latest Hotel Room Key is Your Phone -

NEW YORK (AP) – Hotels don't want guests to have to linger at the front desk – or even stop by at all.

New programs are helping speed up the check-in process for busy travelers, or in at least one case, letting them go straight to their rooms by using their smartphone to unlock doors.

33. Mixed-Use Project Looms for Former Lakeland Mall -

Get used to the name Lake District. You’ll probably be hearing more about it in the near future. Lake District is the new name for the revamped project being planned at the old Lakeland Factory Outlet Mall site.

34. How Bad is Knoxville Crime? -

From murders to burglaries, most of Knoxville’s crime can be attributed to illegal drugs, police say.

But even as crime figures have remained static for years, where you live likely determines how you feel about crime and safety.

35. Acceleration Sports Gets All Ages Stronger -

If personal trainer/performance coach Stacy Peterson could help volleyball players at the Hutchison School, including their own daughters, then maybe she could help them, too.

36. Walnut Hill Apartments Sells for $28 Million -

8920 Walnut Grove Road
Cordova, TN 38018
Sale Amount: $27.9 million

Sale Date: Aug. 28, 2014
Buyer: IRT Walnut Hill Apartments Owner LLC
Seller: 30 California-based limited liability companies
Details: The 324-unit Walnut Hill Apartments in Cordova has sold for $27.9 million to an entity affiliated with Philadelphia-based RAIT Financial Trust.

37. Family Dollar Sells Appling Road Location -

An entity affiliated with American Realty Capital Properties Inc. has bought the Family Dollar store at 1683 Appling Road from the North Carolina-based chain for $1.3 million.

38. Discover Labor Day Getaways Close to Home -

Labor Day, the traditional end to summer. Public swimming pools are closing and college football is getting underway.

It’s also time for one last getaway before fall settles in, especially if you have school-age children.

39. We’re All Invited -

MEMPHIS, SERVED IN THE SHELL. Following up last week’s column, this from a reader:

“We have no civic pride, half the population is intent on killing as many as they can and the other part lives behind walls or gates. There was a time in the fifties when you could leave your front door unlocked and keys in the car.”

40. Health Choice Selects Abisch to Lead Population Health Services -

Ellen Abisch has joined Health Choice LLC as senior director of population health services. In the newly created position, Abisch will be responsible for designing, implementing and managing population health and wellness programs for the Health Choice network.
Prior to joining the physician hospital organization, she served as manager of benefits and wellness for ServiceMaster.

41. Perkins Hotel Sells After Foreclosure -

2700 S. Perkins Road
Memphis, TN 38118
Sale Amount: $2.2 million

Sale Date: May 23, 2014
Buyer: HC Memphis LLC
Seller: Douglas M. Alrutz, successor trustee
Details: The Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has sold for $2.2 million following a first-run foreclosure notice filed earlier this year.

42. Darden to Sell Red Lobster, Hold Onto Olive Garden -

NEW YORK (AP) – Darden is setting Red Lobster adrift, but betting that it can still turn around Olive Garden's fortunes.

The company, which is based in Orlando, Florida, said Friday that it would sell its seafood chain and the accompanying real estate to investment firm Golden Gate Capital in a $2.1 billion cash deal. The announcement came despite objections from some shareholders to the plan to separate Red Lobster, which was announced late last year.

43. Under the Banner -

If you’ve made your way to the Cooper-Young Historic District lately, you might have noticed the new banners hanging from street poles throughout the neighborhood.

The 26 banners, which line Memphis Light, Gas and Water Division poles down Central Avenue, Cooper Street and Young Avenue, feature images of some of the neighborhood’s biggest assets: the business owners and customers who have helped turn Cooper-Young into such an urban success story.

44. Conn’s Plans Home Store in Memphis -

Texas-based retailer Conn’s will be opening a store in Southeast Memphis, one of possibly three stores the home appliances and furnishings chain plans to open in Tennessee.

The retailer will open a Conn’s HomePlus in May in 42,296 square feet at the Cross Creek Shopping Center at Riverdale and Tenn. 385 that Babies “R” Us vacated.

45. New Perspective -

When the U.S. Postal Service closed its branch office at 826 Mississippi Blvd. near E.H. Crump Boulevard in 2012, workers carted off an oil painting that hung there for several decades with little thought about the man portrayed in the painting.

46. Market Mystery -

Over the last several years, investors ranging from mom-and-pop shops to large hedge funds have been acquiring single-family homes in Memphis at a historic pace.

But determining the long-term impact that investor purchases have made on neighborhoods remains elusive.

47. Richmond Honan Buys Quince Centre for $10 Million -

6555 Quince Road
Memphis, TN 38119
Sale Amount: $10.4 million
Sale Date: March 7, 2014

48. Cordova Staples Sells For $3.3 Million -

The 18,200-square-foot Staples store at 2321 N. Germantown Parkway has sold for $3.3 million.

49. Galvanizing Company Files Permit for Facility -

3328 Fite Road
Millington, TN 38053
Permit Cost: $1.9 million

Project Cost: N/A
Permit Date: Applied March 2014
Completion: N/A
Owner: 3328 Fite LLC
Tenant: 3328 Fite LLC
Architect: N/A
Contractor: N/A
Details: An affiliate of Columbus, Ohio-based “hot dip galvanizing” company Voigt & Schweitzer LLC plans to construct a 63,120-square-foot facility near Millington.

50. Galvanizing Company Files Permit for Facility -

An affiliate of Columbus, Ohio-based “hot dip galvanizing” company Voigt & Schweitzer LLC plans to construct a 63,120-square-foot facility near Millington.

51. Complaint Alleges Deutsche Bank Discrimination -

Deutsche Bank allegedly discriminated against minority neighborhoods in the Memphis area in the way it handled bank-owned properties, according to a complaint filed with the federal government.

52. Reedy Thriving As Housing Investments Skyrocket -

Jim Reedy began selling real estate in 1976 while he was a student at the University of Memphis, and within three years, he moved into selling investment properties.

53. Net Leases – Explained -

Many retail and industrial leases are structured as net leases, but what does “net lease” mean?

A “net lease” is a lease transaction in which the landlord receives a monthly payment composed of two items: first and foremost is the rent, net of the property operating expenses and secondarily a portion of real estate taxes upon the property, casualty/liability insurance upon the property and common area expenses for the property.

54. Report: City Should Stay on at Beale -

The city of Memphis should maintain ownership of its properties on Beale Street and create an autonomous board or hire a new development and management company to guide its future, according to a detailed report on the iconic street.

55. Events -

Kiwanis Club of Memphis will meet Wednesday, Feb. 12, from noon to 1 p.m. at The University Club of Memphis, 1346 Central Ave. Steve Guinn, vice president of Highwoods Properties, will present “Real Estate Taxes: Memphis vs. Nashville.” Cost is $18 for nonmembers.

56. Events -

Boys & Girls Clubs of Greater Memphis will host An Evening With Fred Davis Tuesday, Feb. 11, from 6 p.m. to 8 p.m. at the organization’s Technical Training Center, 903 Walker Ave. Davis is a business leader who also served on the first Memphis City Council under the mayor-council form of government in 1967. Tickets are $100. Visit bgcm.org.

57. Events -

Memphis Botanic Garden will host the Green Your Home Winter Plant Sale Friday, Feb. 7, and Saturday, Feb. 8, from 9 a.m. to 5 p.m. at the garden, 750 Cherry Road. The sale will feature house plants, custom potting, terrariums and garden gift items. Admission is free. Visit memphisbotanicgarden.com.

58. Events -

Boys & Girls Clubs of Greater Memphis will host An Evening With Fred Davis Tuesday, Feb. 11, from 6 p.m. to 8 p.m. at the organization’s Technical Training Center, 903 Walker Ave. Davis served as the first black chairman of the Memphis City Council and opened one of the South’s first African-American-owned insurance agencies. Tickets are $100. Visit bgcm.org.

59. LeSaint Logistics Expands Memphis Footprint -

Less than a year after arriving in Memphis, LeSaint Logistics is already expanding its operations here.

LeSaint entered the market in July when it leased an initial 57,285 square feet at 3300 Jet Cove inside Memphis International Airport Center. LeSaint is expanding its footprint by 34,015 square feet, a 60 percent increase.

60. 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.

61. Industrial Park Expansions Gaining Momentum -

Economic development officials should know the final scope of a planned expansion of Presidents Island within the next 30 days while the proposed growth of nearby Frank C. Pidgeon Industrial Park is moving forward.

62. Industrial Park Expansions Are Gaining Momentum -

Economic development officials should know the final scope of a planned expansion of Presidents Island within the next 30 days while the proposed growth of nearby Frank C. Pidgeon Industrial Park is moving forward.

63. Belz Launches Hotel Management Venture -

The night before Conduit Global announced this week it will hire 1,000 people to staff a large call center in Shelby County, representatives of the company stayed at The Peabody hotel.

Not only did they let it be known they were impressed by the South’s Grand Hotel, they said they’d love to stay at the Peabody again when they come back to Memphis. Other groups also use the hotel for similar purposes – the University of Memphis men’s basketball team, for example, might bring recruits there, as might St. Jude Children’s Research Hospital when they bring a doctor to town they want to woo to the city.

64. Belz Launches Brand Management Venture -

Belz Enterprises has established a new venture, Peabody Hotels & Resorts, that moves the company into asset and brand management within the luxury hotel space.

The transition has been in the works for a few years, and through it, the new venture will begin researching and evaluating properties that could become Peabody-branded hotels.

65. Shankman-Cohn to Lead Interior Design Coalition -

Leslie Shankman-Cohn has been elected the 2014 president of the Tennessee Interior Design Coalition, a statewide coalition committed, through legislative and regulatory endeavors, to enhance and protect the right to practice interior design. Shankman-Cohn is a partner in Jill Hertz Interior Design, a division of Eclectic Interiors. She specializes in custom-designed furniture, space planning, furnishings and finishes specifications, universal design, Aging in Style and sustainable design issues.

66. MRG Sees Flurry of Activity at Marion Center -

In 2008, Memphis-based Makowsky Ringel Greenberg LLC developed The Shops of Angelos Grove retail center in Marion, Ark.

67. Meadows Appointed to State Dentistry Board -

Dr. Dan T. Meadows has been appointed to the Tennessee Board of Dentistry by Gov. Bill Haslam. Meadows, who has a private practice on Walnut Grove Road, will serve as the Rotating Dentist member through June 2016.

68. 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.

69. 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.

70. JPMorgan, Government Finalizes Deal -

WASHINGTON (AP) – JPMorgan Chase & Co. has reached a record $13 billion settlement with federal and state authorities, resolving claims over the bank's sales of low-quality, high-risk mortgage-backed securities that collapsed in value during the U.S. housing crisis.

71. Wenco Files Construction Loan for Volvo of Memphis -

7910 Trinity Road
Cordova, TN 38018
Loan Amount: $4.2 million

Loan Date: Nov. 7, 2013
Maturity Date: n/a
Borrower: Wenco Properties LLC
Lender: Wells Fargo Bank NA
Details: Wenco Properties LLC has filed a $4.2 million construction loan through Wells Fargo Bank for the Volvo of Memphis dealership it is building at 7910 Trinity Road in Cordova.

72. Olymbec Acquires 13-Building Bellbrook -

Olymbec USA LLC has snatched up two more key Memphis properties, including the 1.8 million-square-foot Bellbrook industrial park.

73. CubeSmart Sells Storage Facility for $7.9 Million -

2700 Poplar Ave.
Memphis, TN 38112
Sale Amount: $7.9 million

Sale Date: Nov. 4, 2013
Buyer: WCP/DSSH Holdings 16 LLC
Seller: CubeSmart LP
Details: Wayne, Va.-based self-storage real estate investment trust CubeSmart LP has sold the U-Store-It facility at 2700 Poplar Ave. in the 38112 ZIP code for $7.9 million.

74. Hotel REIT Transfers 3 Germantown Properties -

7750 Wolf River Parkway Germantown, TN 38138
9314 Poplar Pike Germantown, TN 38138
9320 Poplar Pike Germantown, TN 38138

75. Chasing Growth -

The pressure to show investors growth and a return is one of the most basic realities of operating as a public company.

And the three Memphis-based companies on this year’s Fortune 500 list are pressing forward on their own distinct paths toward satisfying that pressure.

76. Developer Sells Two Family Dollar Stores -

The local developer of Family Dollar stores has sold two of its newest locales, 1539 Kirby Whitten Road and 5245 Riverdale Road, for a combined $3.2 million.

77. Campbell Clinic Pays $3.2 Million for Surgery Center -

255 Dr. Martin Luther King Jr. Memphis, TN 38104
Sale Amount: $3.2 million

78. Medical Office Facility Sells for $5.9 Million -

7865 Educators Lane
Memphis, TN 38133
Sale Amount: $5.9 million

Sale Date: Sept. 26, 2013
Buyer: GA HC REIT II Bartlett TN MOB LLC
Seller: APD Investments LLC, Robert S. Biscan, The Colony Group LP and Amir H. Mehrabi
Details: An affiliate of Newport Beach, Calif.-based Griffin-American Healthcare REIT II Inc. has paid $5.9 million for the medical office building at 7865 Educators Lane in Northeast Memphis.

79. Rock’n Dough Pizza Opening in Jackson -

The little Memphis pizzeria that could will soon be opening a new location in Jackson, Tenn.

The Rock’n Dough Pizza Co., owned by Jeremy and Amanda Denno, is slated to open a new restaurant and microbrewery at the Jackson Walk development in Jackson in October. The Dennos will team up with veteran local brewer Ben Pugh to create signature suds at the 4,100-square-foot restaurant.

80. Council OKs Statue Move, Demolition Moratorium -

Memphis City Council members approved a four-month moratorium Tuesday, Sept. 3, on any new demolition permits for city properties listed on the National Register of Historic Places.

But the resolution was amended to not apply to any demolition permits already issued, including the one for the Nineteenth Century Club building in Midtown. The planned demolition of the property by its new owners to make way for a restaurant is on hold, pending a Chancery Court decision on whether the club’s sale of the property was legal.

81. Handful of Projects on Horizon, but Construction Still Struggling -

Commercial real estate construction activity in the Mid-South perked up modestly this year following a sluggish 2011 and 2012, and industry execs are cautiously optimistic that the positive trajectory will continue through next year.

82. Council OKs Statue Move, Demolition Moratorium -

Memphis City Council members approved a four-month moratorium Tuesday, Sept. 3, on any new demolition permits for city properties listed on the National Register of Historic Places.

But the resolution was amended to not apply to any demolition permits already issued, including the one for the Nineteenth Century Club building in Midtown. The planned demolition of the property by its new owners to make way for a restaurant is on hold, pending a Chancery Court decision on whether the club’s sale of the property was legal.

83. Events -

WKNO will host March on Washington online chats Wednesday, Aug. 28, from 11 a.m. to 8 p.m. in the WKNO Digital Media Center, 7151 Cherry Farms Road. The event will include screenings of the PBS documentary “The March” as well as online chats and hosted discussions about the civil rights movement. Participants can watch from home or from noon to 6 p.m. at the Poplar-White Station, North or Whitehaven branch libraries. Visit wkno.org or call 729-8735 for details.

84. Oklahoma Hotel Group Buys Baymont Inn -

6020 Shelby Oaks Drive
Memphis, TN 38134
Sale Amount: $2.1 million

Sale Date: Aug. 6, 2013
Buyer: Champion Regional Development LLC
Seller: BRE/LQ Properties LLC
Loan Amount: $2.1 million
Loan Date: Aug. 7, 2013
Maturity Date: N/A
Borrowers: Sunny Management LLC; KNSB LLC; Jansa LLC
Lender: InterBank
Details: An affiliate of Oklahoma City-based Champion Hotels has paid $2.1 million for the 103-room Baymont Inn & Suites Memphis East hotel at 6020 Shelby Oaks Drive in Northeast Memphis.

85. Turley Shows Interest in Developing Central Station -

A partnership consisting of Henry Turley and Community Capital is the only entity so far to express interest in the management and development of Central Station.

86. Aerotropolis Manager Bowman Completes Delta Leadership Program -

Chad Bowman, aerotropolis project manager for the Memphis and Shelby County Division of Planning and Development, has graduated from the Delta Leadership Institute Executive Academy, a yearlong Delta Regional Authority program designed to foster collaborative initiatives across the Delta region.

87. Grass-Roots Growth -

From where Tamara Cook sits, the future of the Cooper-Young Historic District looks as bright as it’s ever been.

88. Construction Begins on Hattiloo Theatre -

Construction has begun on the Hattiloo Theatre in Overton Square.

The $2.8 million, 10,600-square-foot black repertory theater is rising at the northwest corner of Monroe Avenue and Cooper Street and will feature two stages for larger and smaller shows.

89. Raleigh Sam’s Club Sells for $11.4 Million -

2150 Covington Pike
Memphis, TN 38128
Sale Amount: $11.4 million

Sale Date: June 25, 2013
Buyer: Realty Income Properties 25 LLC
Seller: Dune SC Sub II LLC
Details: The Sam’s Club at 2150 Covington Pike in Raleigh has sold for $11.4 million to a California investor.

90. Former Theater Site Heads to Auction Block -

The Internal Revenue Service is auctioning a Midtown building with an interesting history.

On Friday, Aug. 9, at the Shelby County Courthouse, the IRS will auction the building and a vacant lot at 319 Dr. M. L. King Jr. Drive and 323 Dr. M. L. King Jr. Drive. The minimum bid the IRS is seeking is $12,356. The IRS seized the building for nonpayment of IRS taxes due from Faith Village.

91. Collierville Retail Center Owner Files $1.5 Million Loan -

The owner of the 43,585-square-foot retail center at 783 W. Poplar Ave. in Collierville has filed a $1.5 million loan on the property.

92. Square Planners Focus on Pedestrians -

Overton Square planners are focusing on “the spaces between” and making the area more comfortable for pedestrians while increasing density and expecting more traffic in the arts, theater and retail district.

93. Memphis in the Meantime -

The city’s tourism and travel industry is thriving as a one-of-a-kind destination for leisure and business travelers, but industry insiders believe a larger, technologically updated convention center is needed in years to come if Memphis wants to remain competitive in bringing larger groups to town.

94. Oakhaven Warehouse Sells After Foreclosure -

4120 Air Trans Road, Memphis, TN 38118

Sale Amount: $2.5 million

Sale Date: May 7, 2013

95. Two Memphis Krystals Sell for $2.5 Million -

A pair of Memphis Krystal restaurants – 2663 Mount Moriah Road in Hickory Hill and 4431 Summer Ave. in Berclair – have sold for a combined $2.5 million.

96. City Council to Vote on Property Registration Ordinance -

Memphis City Council members take up third and final reading Tuesday, April 2, of an ordinance that requires registration and a fee for owners of property within the city.

The council meets at 3:30 p.m. at City Hall, 125 N. Main St.

97. Hagan Named President of Memphis Heritage Board -

Joey Hagan, principal of Architecture Inc., has been named the 2013-2014 board president for Memphis Heritage Inc. after being nominated and elected by the previous board. Hagan’s primary responsibilities as one of two principals at Architecture Inc. include running the organization, marketing, design and project management. As MHI president, he will strive to continue to make preservation of important properties a priority for Memphians.

98. 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.

99. Boyle Celebrates 80 Years, Sponsors Art Exhibit -

Boyle Investment Co. turns 80 this year, and has partnered with the Memphis Brooks Museum of Art to celebrate.

100. Apperson Crump Expands in Triad III -

Memphis’ oldest continuously practicing law firm is expanding its presence in Triad III.

Apperson Crump PLC added 2,037 square feet to its seventh floor space in a vacant adjacent area between Silverleafe Capital Partners LLC.