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Editorial Results (free)

1. Business Licenses Drop 6 Percent In Fourth Quarter -

The Shelby County Clerk’s Office issued 1,083 business licenses in the fourth quarter of 2014, according to The Daily News Online, www.memphisdailynews.com.

This represented a 5.9 percent decline from the 1,151 licenses issued in 2013.

2. Cheesecake Factory Scouting First Memphis Location -

The Cheesecake Factory, a wildly popular restaurant chain known for its expansive menu and generous portions, is eyeing the Wolfchase Galleria in Cordova for its first Memphis-area location, according to sources with knowledge of the plans.

3. Business Licenses Rise 9.1 Percent In 2014 -

The Shelby County Clerk’s Office was busier in 2014, with 5,847 business licenses issued – a 9.1 percent increase from 2013 when there were 5,361 licenses issued.

The licenses include both new and renewals. The 5,847 total included 5,618 licenses originating in Tennessee, according to The Daily News Online, www.memphisdailynews.com.

4. Giannini Arraigned On Multiple Rape Charges -

A Shelby County businessman has been indicted on charges of rape and aggravated rape stemming from alleged assaults on three different women, Shelby County District Attorney Amy Weirich said Wednesday.

5. ECS Selects Peterson as Head of School -

Dan Peterson is the new head of school for Evangelical Christian School at the start of the 2015-2016 school year.

6. Cheesecake Factory Eyeing Wolfchase -

The Cheesecake Factory, a wildly popular restaurant chain, is eyeing the Wolfchase Galleria in Cordova for its first Memphis-area location, according to sources with knowledge of the plans.

A representative from Simon Property Group, Wolfchase's owner, could not confirm the talks, saying an announcement would only be made once a lease is fully executed.

7. 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.

8. Giannini Arraigned on Multiple Rape Charges -

A Shelby County businessman has been indicted on charges of rape and aggravated rape stemming from alleged assaults on three different women, Shelby County District Attorney Amy Weirich said Wednesday.

9. Memphis Businessman Indicted on Rape Charges -

A Shelby County businessman has been indicted on charges of rape and aggravated rape stemming from alleged assaults on three different women, Shelby County District Attorney Amy Weirich said Wednesday.

10. Home Construction Flat in December -

New home construction in Shelby County, as tracked by permits, was flat in December when compared to December 2013, but new home sales increased.

Builders filed 55 permits in December, the same amount they filed in 2013, according to real estate information company Chandler Reports, www.chandlerreports.com.

11. Tax Breaks for Ikea Prompt Calls for Changes -

When the board of the Economic Development Growth Engine approved a $9.5 million, 11-year tax abatement incentive last week for the new Ikea furniture store planned for Cordova, the decision set in motion the next wave in an already robust political discussion about such incentives.

12. Lot Shortage Leads to Fewer New Homes -

Shelby County homebuilding activity slowed in 2014 as builders filed fewer permits and sold fewer homes than in 2013.

Homebuilders filed 850 permits in 2014, down 8.6 percent from 930 permits filed in 2013 and down 7 percent from 914 permits filed in 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.

13. ECS Selects Peterson As Head of School -

Dan Peterson is the new head of school for Evangelical Christian School at the start of the 2015-2016 school year.

14. Fairgrounds Plan Draws Different Opinions -

The first renderings of a recast Mid-South Fairgrounds offered years ago are just one misstep early on that continues to plague the project still in search of specific private partners.

The conceptual drawings were heavy on baseball diamonds when the idea of two mayoral administrations at City Hall was and remains more soccer fields, basketball courts and a multi-purpose sports facility along with baseball diamonds.

15. December Home Sales Increase Sharply -

Shelby County home sales jumped significantly in December when compared to December 2013.

Shelby County recorded 1,843 home sales in December, up 26.1 percent from 1,142 homes sold in December 2013. The average sales price of a home in December was $133,075, down 3.1 percent from $137,314 in December 2013.

16. Multiple Factors Create Strong Fourth-Quarter Home Sales -

Shelby County recorded a jump in homes sales in the fourth quarter when compared to the same period in 2013.

Shelby County recorded 3,944 home sales in the three-month period, up 9.6 percent from 3,600 sales in the fourth quarter of 2013, according to real estate information company Chandler Reports, www.chandlerreports.com.

17. Foreclosure Sales Drop 26 Percent in Shelby County -

Fueled by a steep drop in foreclosure sales, fewer homes were sold in Shelby County in 2014 when compared to 2013.

There were 15,702 homes sold in Shelby County in 2014, down 1.2 percent from 15,896 homes sold in 2013, when Shelby County hit a five-year high in sales, according to real estate information company Chandler Reports, www.chandlerreports.com.

18. Lincoln at Wolfchase Apts. Sells for $29.5 Million -

A Birmingham, Ala.-based real estate investment firm specializing in apartment communities has made a purchase in Memphis.

EBSCO Wolfchase LLC, an affiliate of EBSCO Income Properties LLC, bought the 408-unit Lincoln at Wolfchase Apartments community at 8230 Rockcreek Parkway in Cordova from MLQ-ELD LLC for $29.5 million, according to a special warranty deed. The purchase price breaks down to $72,303. The buyer filed a $23.6 million loan with Compass Bank in association with the purchase.

19. EDGE Approves Ikea Incentives -

Swedish furniture retailer Ikea has been awarded an 11-year tax break to develop a $64 million store near Interstate 40 and Germantown Parkway that is expected to employ 175 people.

The board of the city-county Economic Development Growth Engine on Wednesday, Jan. 21, approved the controversial payment-in-lieu-of-taxes incentive on an 8-1 vote. Larry Jackson voted against the measure.

20. Lincoln at Wolfchase Sells for $29.5 Million -

A Birmingham, Ala.-based real estate investment firm specializing in apartment communities has made a purchase in Memphis.

EBSCO Wolfchase LLC, an affiliate of EBSCO Income Properties LLC, bought the 408-unit Lincoln at Wolfchase Apartments community at 8230 Rockcreek Parkway in Cordova from MLQ-ELD LLC for $29.5 million, according to a special warranty deed. The purchase price breaks down to $72,303. The buyer filed a $23.6 million loan with Compass Bank in association with the purchase.

21. $3 Million Permit Filed to Expand Berclair Elementary -

Shelby County Schools officials have applied for a $3 million building permit for an expansion of Berclair Elementary School, 810 N. Perkins St.

22. $3 Million Permit Filed for Berclair Elementary Expansion -

Shelby County Schools officials have applied for a $3 million building permit for an expansion of Berclair Elementary School, 810 N. Perkins St.

23. Events -

SRVS will host a job fair Wednesday, Jan. 14, from 9 a.m. to 1 p.m. at its headquarters, 3971 Knight Arnold Road. Openings are available for direct support professionals responsible for providing direct care for people with intellectual and developmental disabilities. Contact Metrio Robinson at metrio.robinson@srvs.org or 901-604-0291 for details.

24. Brewery Developer Calls for ‘Leap of Faith’ -

Crews could begin transforming the long-vacant Tennessee Brewery property Downtown later this year and the first residents could move in during the fall of 2016, a veteran developer told a Downtown development board Tuesday, Jan. 13.

25. Events -

The Center City Revenue Finance Corp. will meet Tuesday, Jan. 13, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

26. 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.

27. Events -

The Center City Revenue Finance Corp. will meet Tuesday, Jan. 13, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

28. Cordova Retail Center Sells for $1.2 Million -

An affiliate of a Georgia-based real estate investment company has acquired a Cordova shopping center for $1.2 million.

CPT Berryhill LLC, which is affiliated with Marietta, Ga.-based Clifton Property Trust, bought the 17,500-square-foot Shops at Berryhill shopping center at 1890 Berryhill Road in Cordova from Berry Hill 169 LLC, an affiliate of Palm Beach Gardens, Fla.-based Ram Realty Services, according to a Dec. 30 special warranty deed. Ram Realty acquired the property out of default in 2010 for $400,000.

29. Events -

Italian Winterfest, benefiting Ave Maria Home and the Catholic Education Scholarship Fund, will be held Sunday, Jan. 11, at 5 p.m. at The Racquet Club, 5111 Sanderlin Ave. The event will feature Italian cuisine and signature dishes from 15 Memphis restaurants, plus traditional Italian tableside music and a deejay. Tickets are $45. Visit avemariahome.org.

30. Cordova Retail Center Sells for $1.2 Million -

An affiliate of a Georgia-based real estate investment company has acquired a Cordova shopping center for $1.2 million.

CPT Berryhill LLC, which is affiliated with Marietta, Ga.-based Clifton Property Trust, bought the 17,500-square-foot Shops at Berryhill shopping center at 1890 Berryhill Road in Cordova from Berry Hill 169 LLC, an affiliate of Palm Beach Gardens, Fla.-based Ram Realty Services, according to a Dec. 30 special warranty deed. Ram Realty acquired the property out of default in 2010 for $400,000.

31. Fogelman Affiliate Files Loan on Former Cozymel’s Site -

6450 Poplar Ave.
Memphis, TN 38119
Loan Amount: $6.1 million

Loan Date: Dec. 17, 2014
Maturity Date: Jan. 1, 2023
Borrower: Crown Centre LLC
Lender: Financial Federal Bank
Details: A company affiliated with Robert F. Fogelman II has filed a loan on a key piece of East Memphis land.

32. Cordova Hotel Sells for $2.5 Million -

A Microtel Inn & Suites in Cordova has sold for $2.5 million.

Shiv Sai Ram LLC purchased the 66-room, three-story hotel at 2423 N. Germantown Parkway from Link-Paras LLC, according to a Dec. 15 warranty deed. The purchase price breaks down to around $37,878 per room.

33. Big League Movers is on the Move -

Big League Movers is on the move and yes, they’ll be doing the moving themselves.

The Memphis-based company, which can handle virtually every type of moving need from residential moves to corporate relocations, is moving its office headquarters to a 4,000-square-foot space at the Minglewood Hall complex at 1559 Madison Ave. to accommodate more growth.

34. Cordova Hotel Sells for $2.5 Million -

A Microtel Inn & Suites in Cordova has sold for $2.5 million.

Shiv Sai Ram LLC purchased the 66-room, three-story hotel at 2423 N. Germantown Parkway from Link-Paras LLC, according to a Dec. 15 warranty deed. The purchase price breaks down to around $37,878 per room.

35. Two In-Rel Properties Fetch $16.8 Million -

6263 Poplar Ave. and
2670 Union Ave. Extended
Memphis, TN

36. ITT Files $5.8M Loan on Cordova Building -

ITT Technical Institute has filed a $5.8 million loan on its Cordova campus.

ITT Educational Services Inc. filed the loan on the property at 7260 Goodlett Farms Parkway in Cordova through Cerberus Business Finance LLC, an affiliate of New York-based Cerberus Capital Management, according to a Nov. 25 deed of trust.

37. Events -

AARP Cordova Chapter will hold its holiday luncheon and inauguration of 2015 officers Thursday, Dec. 18, at 11:30 a.m. at Cheddar’s Restaurant, 2147 S. Germantown Road. Guests are welcome.

38. Events -

The Center City Development Corp. board will meet Wednesday, Dec. 17, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

39. From Sweden to Memphis -

Swedish retail giant Ikea will open a 225-employee store in the Wolfchase Galleria area in 2016.

The furniture retailer will locate the 269,000-square-foot store on a 35-acre site in Memphis near Interstate 40 and Germantown Parkway.

40. ITT Files $5.8 Million Loan on Cordova Building -

ITT Technical Institute has filed a $5.8 million loan on its Cordova campus.

ITT Educational Services Inc. filed the loan on the property at 7260 Goodlett Farms Parkway in Cordova through Cerberus Business Finance LLC, an affiliate of New York-based Cerberus Capital Management, according to a Nov. 25 deed of trust.

41. Events -

Madonna Learning Center will present its 2014 Christmas play, “Home for the Holidays,” Tuesday, Dec. 16, at 10 a.m. and 7 p.m. and Wednesday, Dec. 17, at 7 p.m. at the Germantown Performing Arts Center Duncan-Williams Performance Hall, 1801 Exeter Road. Tickets are $5. Visit gpacweb.com.

42. Ikea to Open First Tennessee Store in Memphis -

Swedish furniture retailer Ikea will open its first Tennessee store in Memphis next year, according to several people familiar with the effort and confirmed by Ikea representatives Monday.

The company and Memphis Mayor A C Wharton Jr. will announce the store Tuesday, Dec. 16, according to several sources. A statement to the media Monday night read: "Ikea, the world's leading home furnishings retailer, will announce plans on Tuesday morning for a proposed Memphis store. The proposed Ikea Memphis would be the first Ikea store in either Tennessee, Arkansas or Mississippi and would increase the Swedish retailer's presence in the Southeastern U.S."

43. Events -

The 13th annual Porter-Leath Toy Truck will collect new, unwrapped toys and monetary donations Monday, Dec. 15, to Dec. 19 from 7 p.m. to 7 p.m. at WMC-TV Action News 5, 1960 Union Ave., and Bud Davis Cadillac, 5433 Poplar Ave. Donations from both locations will benefit children and families served by Porter-Leath. Visit porterleath.org.

44. Commission Approves Greenline Contracts -

Shelby County Commissioners approved a contract Monday, Dec. 8, buying the section of the old CSX rail line from Mullins Station Road to the old Cordova train station for $2.5 million and a companion contract to build a 4.1-mile-long extension of the Shelby Farms Greenline on it for $2.2 million.

45. Commission Approves Greenline Contracts -

Shelby County Commissioners approved a contract Monday, Dec. 8, buying the section of the old CSX rail line from Mullins Station Road to the old Cordova train station for $2.5 million and a companion contract to build a 4.1-mile-long extension of the Shelby Farms Greenline on it for $2.2 million.

46. Commission Approves Graceland Plan, Delays Fairgrounds TDZ -

Shelby County Commissioners approved the Graceland economic impact plan Monday, Dec. 8, the last local hurdle for a plan that includes the construction of a 450-room hotel and a later phase transforming the Graceland Plaza area across Elvis Presley Boulevard from the Graceland mansion.

47. Shelby County Home Sales Slow in November -

After an unusually strong October for home sales, activity in Shelby County cooled in November.

Memphis and Shelby County home sales were down 7.8 percent in November, with 1,034 sales recorded for the month, compared with 1,115 recorded in November 2013, according to real estate information company Chandler Reports, www.chandlerreports.com.

48. Malco Pulls Permit to Build Cordova Cinema -

Malco Theatres appears poised to build a new cinema and entertainment center in Cordova.

Memphis-based Malco applied for a $600,000 building permit through the city-county Office of Construction Code Enforcement for “foundation and underground” work at 9561 U.S. 64.

49. Fairgrounds Plan Could Be Tied to Schools -

Shelby County Commissioners are scheduled to vote Monday, Dec. 8, on a contract with city government that is critical to the city advancing its long-held plans for a renovation of the Mid-South Fairgrounds.

50. Malco Pulls Permit to Build Cordova Cinema -

Malco Theatres appears poised to build a new cinema and entertainment center in Cordova.

Memphis-based Malco applied for a $600,000 building permit through the city-county Office of Construction Code Enforcement for “foundation and underground” work at 9561 U.S. 64.

51. Greenline Part of Larger Changes to Shelby Farms -

The visitors center at Shelby Farms Park is about to come down, the latest sign of the transformation of the park.

52. Shelby County, CSX Reach Greenline Deal -

Shelby County government has a contract with CSX Railroad to buy the railroad’s old right of way from Farm Road in Shelby Farms Park to the old Cordova train station.

53. Shelby County, CSX Reach Greenline Deal -

Shelby County government has a contract with CSX Railroad to buy the railroad’s old right of way from Farm Road in Shelby Farms Park to the old Cordova train station, with plans to extend the Shelby Farms Greenline.

54. AutoZone Shares Draw Interest From New Research Firms -

The stock of Memphis-based AutoZone Inc. has picked up new coverage from a handful of investment firms in recent weeks that have assigned a range of ratings to the stock.

55. Cordova Goodwill Location Reopens -

Memphis Goodwill Inc. has reopened its Berryhill Attended Donation Center in Cordova. The center is at 1890 Berryhill Road, suite 101, near the intersection of Berryhill & Chimneyrock Boulevard.

56. Cordova Goodwill Location Reopens -

Memphis Goodwill Inc. has reopened its Berryhill Attended Donation Center in Cordova. The center is at 1890 Berryhill Road, suite 101, near the intersection of Berryhill & Chimneyrock Boulevard.

57. Events -

National Civil Rights Museum will host a lunch and learn with Daphene McFerren, director of The Benjamin Hooks Institute at the University of Memphis, Wednesday, Nov. 19, from noon to 1 p.m. at the museum, 450 Mulberry St. The topic is “Freedom’s Front Line: The Voting Rights Struggle in Fayette County, Tenn.” Cost is free; bring your own lunch. Visit civilrightsmuseum.org.

58. Events -

Memphis Grizzlies and BlueCross BlueShield of Tennessee will host a family-friendly event Tuesday, Nov. 18, from 5 p.m. to 6 p.m. near the giant Grizzlies jersey in Tom Lee Park Downtown. Attendees can register for a Fitness Trail Passport, and those who complete all six stations will be in the running for prizes, including tickets to Grizzlies opening night and autographed items. Visit getriverfit.com.

59. McGuire Joins Insight Risk Management -

Myles McGuire has joined Insight Risk Management LLC as a corporate consultant. In his new role, he will consult with commercial clients and place them with the appropriate coverages to protect their business from risk and liability issues.

60. Germantown Parkway Land Sells for $485,000 -

A rare vacant outparcel on Germantown Parkway in Cordova has been sold for $485,000.

GATA LLC and FTBD LLC sold the lot to BAL Gopal LLC, according to an Oct. 28 warranty deed. John H. Lamberson Jr. is listed in the deed as the sole member of FTBD LLC.

61. Commercial Sales Rise in Third Quarter -

Commercial sales were up in the third quarter when compared to the same period last year, according to real estate information company Chandler Reports, www.chandlerreports.com.

62. Shelby County Home Sales Rise 10 Percent in October -

Home sales activity in Memphis and Shelby County certainly wasn’t spooky in October, with sales up 10 percent compared to the same month a year ago.

Memphis and Shelby County recorded 1,479 homes sales, up 10 percent from 1,343 in October 2013, according to real estate information company Chandler Reports, www.chandlerreports.com. The 1,479 homes sold in October is down 4 percent from 1,543 in September.

63. Midtown Cash Saver Property Sells for $5.3 Million -

1620 Madison Ave.
Memphis TN 38104
Sale Amount: $5.3 million

Sale Date: Oct. 24, 2014
Buyer: LAG Memphis LLC
Seller: Super Market Developers Inc.
Loan Amount: $3.9 million
Loan Date: Oct. 24, 2014
Lender: Ladder Capital Finance LLC
Details: The Cash Saver property on Madison Avenue in Midtown has been sold for $5.3 million.

64. Germantown Parkway Land Sells for $485,000 -

A rare vacant outparcel on Germantown Parkway in Cordova has been sold for $485,000.

GATA LLC and FTBD LLC sold the lot to BAL Gopal LLC, according to an Oct. 28 warranty deed. John H. Lamberson Jr. is listed in the deed as the sole member of FTBD LLC.

65. Real Estate Rally -

Commercial real estate can offer insight into the strength of the local economy. Through the office, retail, industrial and apartment developments that mark the region the economy at work in the real world can be seen.

66. Willow Lake Sales Positive News For The Market -

The sale this week of five properties inside Willow Lake Business Park and Corporate Park for $4.2 million was welcome news for several reasons.

For one, true owners tend to take much better care of properties and market them more aggressively than special servicers like Bethesda, Md.-based CWCapital Asset Management.

67. Business Licenses Up 13.2 Percent Year to Date -

Year to date, business licenses are ahead of 2013’s pace but there were fewer licenses issued through the Shelby County Clerk’s Office in the third quarter of 2014 than from the same period in 2013.

68. Building Permits Jump 35 Percent in September -

Shelby County homebuilding activity experienced significant gains in September when compared to the same month last year.

Builders pulled 77 permits in Shelby County in September, up 35 percent from 57 permits pulled in September 2013, according to real estate information company Chandler Reports, chandlerreports.com.

69. Shelby County Building Permits Rise 3.4 Percent -

Shelby County’s homebuilding industry showed slight improvement in the third quarter, with builders filing 3.4 percent more permits in the quarter than in the same three-month period a year ago.

70. Silver Lining -

Fueled by a steep drop in bank sales, Shelby County home sales slowed slightly in the third quarter compared to the same three-month period in 2013.

There were a total of 486 bank sales in the quarter, as opposed to 752 in the same period last year, a decrease of 35 percent, according to real estate information company Chandler Reports, www.chandlerreports.com.

71. Joerger to Host Benefit Grizz Preview Dinner -

Memphis Grizzlies Head Coach Dave Joerger will host the “Grizzlies Season Preview Dinner with Dave Joerger” Oct. 23 at 6:30 p.m. at the Colonial Country Club in Cordova. This marks Joerger’s second event benefiting the National Junior Tennis & Learning on the heels of last year’s inaugural “Taste for Tennis.”

72. November Council Vote On Pension Reform Likely -

Memphis City Council members again delayed final votes on a set of ordinances that would change pension benefits for city employees.

The delay Tuesday, Oct. 7, on third and final reading of several pension ordinances was expected. The items are now on the Oct. 21 council agenda, but council members expect there will not be a vote then either and city Chief Administrative Officer George Little said the administration can live with a further delay.

73. Council Delays Pension Action, Broods Over 'Key Members' Designation -

Memphis City Council members debated who is a “key member” of the body Tuesday, Oct. 7, as they delayed action on changes to city employee pensions into November.

The delay on third and final reading of several pension ordinances was expected. The items are now on the Oct. 21 council agenda. But council members expect there will not be a vote then either and city Chief Administrative Officer George Little said the administration can live with a further delay.

74. Home Sales Spike Surprises Realtors -

In welcome – if not slightly surprising – news for the local housing market, home sales jumped in September as housing values continued to rise, providing a measure of relief for a market that has endured slower-than-expected activity.

75. McNeill Seeks Permits for Germantown Medical Offices -

1432 Kimbrough Road and 1468 Kimbrough Road
Germantown, TN 38138
Project Cost: $2.6 million

76. Joerger to Host Benefit Grizzlies Preview Dinner -

Memphis Grizzlies Head Coach Dave Joerger will host the “Grizzlies Season Preview Dinner with Dave Joerger” Oct. 23 at 6:30 p.m. at the Colonial Country Club in Cordova. This marks Joerger’s second event benefiting the National Junior Tennis & Learning on the heels of last year’s inaugural “Taste for Tennis.”

77. AutoZone Sued by Federal Agency -

The U.S. Equal Employment Opportunity Commission has charged Memphis-based AutoZone in a lawsuit with violating federal law by allowing a store manager to subject several female employees to sexual harassment.

78. AutoZone Sued by Federal Equal Employment Agency -

The U.S. Equal Employment Opportunity Commission has charged Memphis-based AutoZone in a lawsuit with violating federal law by allowing a store manager to subject several female employees to sexual harassment.

79. Life Church Files $16.4 Million Loan -

The Life Church of Memphis has refinanced its four campuses and the Cordova shopping center it owns for $16.4 million, according to a Sept. 25 commercial deed of trust.

The refinance through SunTrust Bank includes the 101,908-square-foot shopping center Life Church owns at 1800 N. Germantown Parkway, the former Victory University site at 255 N. Highland Ave., a Collierville location at 650 Houston Hill Road and a campus in Jackson, Tenn.

80. Stonebridge Crossing Sells for $29.8 Million -

9135 Morning Ridge Road
Memphis, TN 38016
Sale Amount: $29.8 million

Sale Date: Sept. 11, 2014
Buyer: IRT Stonebridge Crossing Apartments Owner LLC
Seller: AB Merion Stonebridge LLC
Details: The 500-unit Stonebridge Crossing apartment complex in Cordova has traded hands.

81. Stonebridge Crossing Sells for $29.8 Million -

The Stonebridge Crossing apartment complex in Cordova has traded hands.

Independence Realty Trust, a Philadelphia-based real estate investment trust focused on apartment communities and operating as IRT Stonebridge Crossing Apartments Owner LLC, acquired the massive apartment community from AB Merion Stonebridge LLC for $29.8 million, according to a Sept. 11 special warranty deed.

82. Active Community Keeps Sports Medicine Busy -

George Hernandez is not only the CEO of Campbell Clinic, he’s a client.

An avid runner, Hernandez was doing a trail marathon last winter. Conditions were rainy, cold and windy. Worst of all, there were wet leaves underfoot covering protruding tree roots.

83. Stonebridge Crossing Sells for $29.8 Million -

The Stonebridge Crossing apartment complex in Cordova has traded hands.

Independence Realty Trust, a Philadelphia-based real estate investment trust focused on apartment communities and operating as IRT Stonebridge Crossing Apartments Owner LLC, acquired the massive apartment community from AB Merion Stonebridge LLC for $29.8 million, according to a Sept. 11 special warranty deed.

84. Stonebridge Crossing Sells for $29.8 Million -

The Stonebridge Crossing apartment complex in Cordova has traded hands.

Independence Realty Trust, a Philadelphia-based real estate investment trust focused on apartment communities and operating as IRT Stonebridge Crossing Apartments Owner LLC, acquired the massive apartment community from AB Merion Stonebridge LLC for $29.8 million, according to a Sept. 11 special warranty deed.

85. Cummins Eyes Memphis Site for Expansion -

Cummins Inc. is eyeing a Memphis property for a planned expansion of the company’s distribution operations, a move that would be welcome news for Memphis officials.

86. Sprouts Confirms Lakeland, Germantown Stores in 2015 -

Sprouts Farmers Market, a fast-growing specialty grocery chain, has confirmed it will open two Memphis-area stores in 2015, one in Germantown and another in Lakeland.

Sprouts will turn the 30,000-square-foot former Schnucks location at The Shops of Forest Hill at Poplar Avenue and Forest Hill-Irene Road in Germantown into one of its stores, which replicate the look and feel of an indoor farmers market and specialize in fresh, organic and healthy food.

87. Tennessee Steps Up the Fight Against Blight -

While the national economy is still rebounding from the 2008 housing crisis, foreclosures, vacant homes and blighted properties are a lingering issue many markets throughout the country have to address.

88. Harold Ford Funeral Home Files Construction Loan -

1670 Sycamore View Road
Memphis, TN 38134
Loan Amount: $2.6 million

Loan Date: Sept. 4, 2014
Maturity Date: N/A
Borrower: Harold Ford Sycamore View LLC and Serenity Columbarium and Memorial Gardens LLC
Lender: Regions Bank
Details: The Harold Ford Funeral Chapel at 1670 Sycamore View Road in Northeast Memphis has filed a $2.6 million construction loan on the property.

89. BrownDog Lodge Opens in Cordova -

Luxury dog hotel, daycare and spa BrownDog Lodge has opened a new location in Cordova.

The 426 S. Germantown Parkway location is the second for owner Chip Brown, who opened the original facility in East Memphis in 2007.

90. Sharpe, HealthNet Find Success in Changing Industry -

As banking has changed in recent years, it’s caused consumers to take another look at the conventional wisdom – including coming to the realization that banking is not limited to, well, banks.

Credit unions tend to be overshadowed by their more traditional brethren, but they generally provide the same services in a way that consumers probably couldn’t even spot the differences between those firms and larger, traditional banks.

91. New Owner Files Loan on Dexter Road BP -

The new owner of the BP gas station and convenience store at 7469 Dexter Road in unincorporated Northeast Shelby County near Cordova has filed a $1.4 million loan on the property.

92. Cordova Chuck E. Cheese’s Sells for $4.2 Million -

The 14,305-square-foot Chuck E. Cheese’s restaurant at 1636 N. Germantown Parkway in Cordova has sold for $4.2 million.

93. 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.

94. Shelby County Home Sales Down 28 Percent in August -

Shelby County home sales plummeted in August when compared to the same month last year. Realtors sold 1,235 homes in Shelby County in August, down a staggering 28 percent from 1,705 home sales in August 2013, according to real estate information company Chandler Reports, chandlerreports.com.

95. Pyro’s Fire Fresh Pizza Cooking Up Third Location -

Pyro's Fire Fresh Pizza is moving forward with a new location in Cordova.

Pyro’s has pulled a $295,000 building permit for a 3,200-square-foot restaurant at 2286 N. Germantown Parkway.

96. High-Flying Vols Can’t Overlook Arkansas State -

KNOXVILLE – You had to be hiding under a rock not to hear the buzz this week about the University of Tennessee’s football team.

One person not reveling in the Vols’ 38-7 season opening victory over Utah State on Sunday night was UT coach Butch Jones.

97. Walnut Hill Apartments Sells for $28 Million -

The 324-unit Walnut Hill Apartments in Cordova has sold for $27.9 million to an entity affiliated with Philadelphia-based RAIT Financial Trust.

IRT Walnut Hill Apartments Owner LLC bought the complex at 8920 Walnut Grove Road in an Aug. 28 special warranty deed from 30 related California-based limited liability companies.

98. FedEx Decides Not to Renew a Renaissance Center Lease -

FedEx has decided not to renew a lease at a prominent East Memphis office building.

FedEx Services is not renewing a roughly 11,000-square-foot lease at the 189,644-square-foot Renaissance Center office building at 1715 Aaron Brenner Drive that expires Oct. 1. Employees affected by the decision will be moved to FedEx facilities, part of a broader consolidation and efficiency plan the company has been pursuing.

99. ‘Penny’-Led Group Buys Dulins Sports Complex -

A company called FBC LLC, whose president is Memphis basketball legend Anfernee “Penny” Hardaway, has paid $1.3 million for the Dulins Sports Complex at 7790 Fischer Steel Road in Cordova.

100. Pyro's Fire Fresh Pizza Cooking Up Third Location -

Pyro’s Fire Fresh Pizza is moving forward with a new location in Cordova.

Pyro’s has pulled a $295,000 building permit for a 3,200-square-foot restaurant at 2286 N. Germantown Parkway.