Editorial Results (free)
1. Malco Opens 12-Screen Olive Branch Cinema
- Friday, December 20, 2013
Memphis-based Malco Theatres is raising the curtains on a new 12-screen cinema in Olive Branch, as the company continues to push deeper into new markets while at the same time investing in its existing properties.
2. Restaurant Row
- Thursday, December 12, 2013
If you blink, you might miss a new restaurant opening along the Poplar Avenue corridor in East Memphis.
Over the last few months, several new restaurants have opened or are on the way around the heavily traveled Poplar corridor between Perkins Road and Kirby Parkway.
3. Baptist Begins Construction on $14.1 Million Pediatric ER
- Friday, September 27, 2013
Baptist Memorial Health Care Corp. began construction this week on a new pediatric emergency department at Baptist Memorial Hospital for Women.
4. Oklahoma Hotel Group Buys Baymont Inn
- Tuesday, August 20, 2013
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
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.
- Saturday, April 27, 2013
ArtsMemphis will present the Stax to the Max music festival Saturday, April 27, from 11 a.m. to 7 p.m. outside the Stax Museum of American Soul Music, 926 E. McLemore St. Admission to the festival is free; discounted museum tickets are $2 between noon and 5 p.m. Visit staxmuseum.com.
6. Meadows Named Director of Memphis Jewish Home & Rehab
- Wednesday, April 17, 2013
Bobby Meadows has joined Memphis Jewish Home & Rehab as executive director. Meadows, a licensed nursing home administrator, has 13 years of nursing home experience, including 11 as an executive director. Most recently, he served for six years at Allenbrooke Nursing and Rehabilitation Center in Memphis.
7. Boyle Celebrates 80 Years, Sponsors Art Exhibit
- Monday, March 18, 2013
Boyle Investment Co. turns 80 this year, and has partnered with the Memphis Brooks Museum of Art to celebrate.
- Saturday, March 09, 2013
The Brew Movement Against Multiple Sclerosis will hold the fourth annual Beauty in the Eye of the Beer Holder fundraiser for the Mid South Chapter of the National MS Society Thursday, March 14, from 6:30 p.m. to 9:30 p.m. at Memphis Pink Palace Museum, 3050 Central Ave. Attendees can sample unique homebrews created for the event, craft beers and microbrews. Tickets are $30. Visit msbrewmovement.org.
9. Crowne Plaza Hotel Sells Out of Foreclosure
- Tuesday, January 08, 2013
300 N. Second St. Memphis, TN 38103
Sale Amount: $9.4 million
Sale Date: Dec. 28, 2012
10. Collierville Acreage Sells for $1.1 Million
- Friday, January 04, 2013
A partnership called Crisscross Partners LLC has paid $1.1 million for a 22.19-acre vacant parcel at 115 Crisscross Lane in Collierville.
11. Midtown Momentum
- Saturday, December 22, 2012
The Midtown real estate market has long been an anomaly compared to its Bluff City counterparts, with fundamentals as diverse as its demographics.
“The types of real estate that you’ll find in Midtown can be some of the most expensive or some of the most modest when it comes to prices and facility,” said Gary Myers of Gary Myers Co. “Retail in particular.”
- Saturday, December 08, 2012
LightWave Solar will host a lunch & learn titled “How Solar Can Work for Your Home or Business” Friday, Dec. 14, from noon to 1 p.m. in the River Tower at South Bluffs clubhouse, 655 Riverside Drive. R.S.V.P. to Grace Robertson at email@example.com or 615-641-4050, ext. 104.
13. $3.5 Million McVay Station Begins
- Tuesday, November 27, 2012
Three Class A speculative office buildings have broken ground in Germantown at McVay Road and Poplar Pike.
The $3.5 million development, named McVay Station Professional Center, is by Jason Speed, local developer and contractor whose claim to fame was Corporate Gardens, a $24 million, 148,000-square-foot retail and office park delivered in 2001 on 14 acres at Forest Hill Irene Road and Poplar Pike.
14. New Malco Theatre Coming to Olive Branch
- Wednesday, November 07, 2012
Memphis-based Malco Theatres is building a new 12-screen theater in Olive Branch.
The movie chain completed initial site work several years ago but decided to shelve the development when the recession hit. The company announced this week it’s resumed construction on the project with plans for completion by the middle of next year.
15. Tax Consulting Firm, Daily News Host Financial Forum
- Wednesday, October 31, 2012
CBIZ MHM Thompson Dunavant and The Daily News are presenting a seminar in a few weeks that will take a broad look at topics including estate and gift tax issues, business and personal investments, health care reform and an update on the mergers and acquisitions market.
16. IP Looks to Future Following Temple-Inland Acquisition
- Wednesday, September 19, 2012
When International Paper Co. moved its headquarters to Memphis in 1987 it was an economic development milestone for Shelby County.
- Tuesday, September 11, 2012
Forest Hill Funeral Home and Cemeteries will hold a Sept. 11 memorial service Tuesday, Sept. 11, from 10:30 a.m. to 12:30 p.m. in its Bartlett chapel, 2440 Whitten Road. Visit foresthillfh.com.
18. Raleigh Office Complex Sold To Local Entity
- Friday, August 03, 2012
An office complex in Raleigh has traded hands after being under the same family ownership for more than 30 years.
Commercial Real Estate Network LLC, a local investor, has purchased the 40,756-square-foot Raleigh Center Office Complex at 2974 Austin Peay Highway from Charles R. Averwater Living Trust for $299,000.
19. Land in G'town's Enclave Sells for $2 Million
- Wednesday, June 20, 2012
Memphis-based entity Enclave 5 & 6 Joint Venture has bought land in Enclave Planned Development in Germantown from Magna Bank for $2 million. The land, which is on the north side of Wolf River Boulevard west of where Forest Hill-Irene Road would run if extended, is proposed as Enclave phases five and six, according to documents filed with the Shelby County Register of Deeds.
- Friday, May 25, 2012
The Gavel Club of Memphis will meet for a Dutch treat lunch Friday, May 25, at 11:30 a.m. at the Holiday Inn University of Memphis, 3700 Central Ave. Rebekah Sudduth, development coordinator for Make-A-Wish Foundation, will speak. Call Bob Gray at 494-8639.
21. $17M in Permit Applications Filed for Miller Creek Apts.
- Tuesday, May 22, 2012
Miller Creek Apartments
Germantown, TN 38125
Permit Cost: $17.2 million (20 permits)
Permit Date: Applied May 2012
Owner: Miller Creek Residences LLC
- Friday, April 13, 2012
Memphis Botanic Garden will hold its Spring’s Best Plant Sale Friday, April 13, through Sunday, April 15, at the garden, 750 Cherry Road. Hours are 9 a.m. to 5 p.m. Friday and Saturday, and 11 a.m. to 4 p.m. Sunday. Admission is free.
23. Cargill Files $1.4M Permit App For Pres. Island Storage Bldg.
- Tuesday, April 03, 2012
2615 Channel Ave.
Memphis, TN 38113
Permit Cost: $1.4 million
Permit Date: Applied March 2012
24. Mike Murphy Builders Files Loan for 3 Lots in Enclave
- Thursday, March 29, 2012
Mike Murphy Builders LLC has filed a construction loan for three lots in Germantown’s Enclave planned development, phase 3, through Financial Federal Savings Bank for $1.1 million. The sizes of the financed lots are 6,759 square feet fronting Enclave Hollow Lane East, 7,032 square feet fronting Terrene Lane and 6,760 square feet fronting Enclave Green Lane West.
25. Nucor Files Application For Steel Operations
- Tuesday, February 21, 2012
3601 Paul R. Lowry Road
Memphis, TN 38109
Permit Cost: $2 million
Permit Date: Applied February 2012
Owner: Nucor Corp.
26. Council to Weigh Pink Palace Funding
- Tuesday, February 21, 2012
A $20 million upgrade of the Memphis Pink Palace Museum tops the Tuesday, Feb. 21, Memphis City Council agenda that also includes two items key to Overton Square redevelopment and $510,000 in capital appropriations for the Memphis Area Transit Authority.
27. Org Asks What Memphis is Reading
- Friday, February 17, 2012
Literacy Mid-South has kicked off a Twitter campaign to get Memphians talking about their favorite books.
“What are you reading, Memphis?” encourages people to tweet about books they’re reading, using the hashtag #ReadMemphis.
28. Grays Creek Annexation on City’s Agenda
- Tuesday, February 07, 2012
Memphis City Council members take up the first of three readings Tuesday, Feb. 7, of an ordinance to annex the Grays Creek area that is in the city’s annexation reserve area.
The ordinance is a reaction to pending state legislation in Nashville that would remove part of the area from the Memphis annexation reserve.
29. Tennessee St. Office Bldg. Again in Foreclosure
- Tuesday, January 10, 2012
460 Tennessee St.
Memphis, TN 38103
Sale Amount: $3 million
Sale Date: Dec. 1, 2011
- Friday, December 09, 2011
The Tennessee Minority Development Council will hold a membership luncheon meeting Friday, Dec. 9, from 11:30 a.m. to 1 p.m. at Regions Bank, assembly room one, first floor, 6200 Poplar Ave. For more information or registration, contact Joyce Tabb at 830-8242 or firstname.lastname@example.org.
31. Linkous Builds Retail in Olive Branch
- Tuesday, November 15, 2011
Despite a dearth of overall construction throughout town, one local construction firm is erecting retail in Olive Branch at an impressive clip.
Linkous Construction Co. Inc. is in the midst of building 108,000 square feet of retail space in the Wedgewood Commons shopping center, 5070 Goodman Road.
32. Trends, Schools Impact Topics for Chandler Q3 Update
- Friday, October 28, 2011
As real estate professionals gather next week to take a look at the latest numbers, they’ll not only learn about local residential and commercial trends, but also be brought up to speed about the potential effect that the schools consolidation could have on real estate.
33. Defense Depot Property Sells for $1.1 Million
- Tuesday, October 04, 2011
2085 W.E. Freeman Drive
Memphis, TN 38114
Sale Amount: $1.1 million
Sale Date: Sept. 14, 2011
Buyer: Varma Family LP
34. Enclave Lots Sell for $1.4 Million
- Monday, October 03, 2011
J. Terry Pitts, as trustee, has bought 12 lots in Enclave Planned Development from Atlanta-based CRM Central Properties LLC for $1.4 million. Pitts lists a Cordova address.
35. Preserve at Forest Creek Sells for $45.5M
- Monday, July 04, 2011
A Class A apartment community in the Germantown/Collierville submarket has traded hands for $45.5 million – marking the largest multifamily sale in three years.
Preserve at Forest Creek Apartments sold on Wednesday, June 29, for $109,900 per unit to Carter-Haston Real Estate Services Inc.
36. Polley: Local Entrepreneurs Keep Market Going
- Monday, May 16, 2011
With various national and regional retailers finally following suit and getting more active in the Memphis market, sometimes the local entrepreneurs can get overlooked.
As project leasing director of StoneCrest Investments LLC’s Memphis office, Jason Polley has been active in the city’s commercial real estate scene for 12 years, focusing almost exclusively on retail. He works closely with both national and local retailers, but credits the latter in keeping the Memphis retail market afloat.
37. Cabot Affiliate Buys Airport Industrial Warehouse
- Tuesday, April 12, 2011
3924 Crowfarn Drive
Memphis, TN 38118
Sale Amount: $2.2 million
Sale Date: March 28, 2011
Buyer: Cabot III-TN1M01 LLC
Seller: MM Industrial Memphis LLC
38. Richland Holdings Buys Fountain Brook Lots
- Tuesday, April 05, 2011
Richland Holdings LLC, which shares a Memphis address with developer Kevin Hyneman Cos., has bought 55 lots in Fountain Brook Planned Development from Cadence Bank for $1.1 million. The transaction closed March 29.
39. Renovations Begin at Pinnacle Headquarters
- Tuesday, March 01, 2011
40 S. Main St.
Memphis, TN 38103
Permit Amount: $8.7 Million
Project Cost: $8.7 million
Permit Date: Applied February 2011
Owner: Memphis Commerce Square Partners
Tenant: Pinnacle Airlines Corp.
Contractor: Grinder, Taber & Grinder Inc.
40. Duntreath, Kateland Sell Properties to Magna Bank
- Thursday, February 24, 2011
Duntreath Partners and Kateland Inc. have sold property in lieu of foreclosure to Magna Bank. G. Benjamin Clark signed the sale documents as general partner in Duntreath Partners and president of Kateland Inc.
41. Boyle Fund Pays $14M for Germantown Mall
- Monday, January 31, 2011
Boyle Investment Co. has made its first Memphis acquisition since setting up its Midsouth Capital Fund I LLC by acquiring a significant amount of Belz Enterprises Inc.’s interest in Germantown Village Square Shopping Center.
42. Bank Reclaims Land Following Foreclosure
- Wednesday, January 05, 2011
The Bank of Fayette County has paid $1.2 million for 1.57 acres of vacant land in Collierville after foreclosing on the property late last year.
43. IDB to Discuss Consolidation At September Meeting
- Friday, August 20, 2010
In other IDB news, members of the Memphis-Shelby County Industrial Development Board will talk over the proposed consolidation charter at their September meeting.
The board wants to talk over the part of the charter that would make economic development a city department with a director who reports directly to the metro mayor.
44. Crews Buys Collierville Hampton
- Tuesday, May 25, 2010
1280 W. Poplar Ave.
Collierville, TN 38017
Sale Amount: $5.1 Million
Sale Date: May 11, 2010
Buyer: SGR LLC
Seller: Collierville Hotels GP
Loan Amount: $3.8 million
Loan Date: May 11, 2010
Maturity Date: May 11, 2015
Lender: First Citizens National Bank
45. Bank of Fayette County Buys Collierville Acreage
- Tuesday, May 18, 2010
The Bank of Fayette County has paid $1 million for a 1.56-acre parcel of land along the east side of Houston Levee Road in Collierville.
46. Lightman Files Permit for Retail Center
- Tuesday, February 02, 2010
7706 Winchester Road
Memphis, TN 38125
Permit Amount: $1 Million
Project Cost: $3 million
Permit Date: Applied January 2010
Completion: Late summer
Owner: Michael Lightman Realty LLC
Contractor: Linkous Construction Co. Inc.
Architect: Al Davidson of Davidson LLC
47. Mega Bucks
- Monday, December 14, 2009
Ten years ago, Jim Ewing and Jim Bruce wrote a piece for Site Selection, a trade magazine for people in the business of consulting on the best locations to build industrial plants. It was called “The Approaching Industrial Land Shortfall.”
48. Abner Building Borrows $1.3M For Collierville Property
- Wednesday, October 28, 2009
Abner Building Co. LLC has taken out an open-end mortgage for $1.3 million from Hardin County Bank for 1.34 acres in Collierville’s Ballard Property Planned Development. Abner took out the loan Oct. 12, although the deed is just now showing up in public records.
49. $1.5M Construction Loan Filed for Enclave PD
- Monday, October 12, 2009
Duntreath Investments LLC has filed a $1.5 million construction loan through Magna Bank to build homes on four lots of the Enclave Planned Development’s third phase in Germantown. The 15.95-acre, 50-lot phase is north of Wolf River Boulevard in Germantown, between Farmington Boulevard and Forest Hill-Irene Road.
50. Dishmon Joins UT Medical Group
- Wednesday, October 07, 2009
Dr. Dwight “Dan” Dishmon has joined the Department of Medicine at UT Medical Group.
Dishmon is an interventional cardiologist and cares for adults with ischemic heart disease and peripheral arterial disease.
He earned his medical degree and completed his internal medicine residency and general cardiology fellowship training at the University of Tennessee Health Science Center. He later completed additional fellowship training at Michigan State University’s Borgess Medical Center.
51. Golf Performance Center Slated For Timberlake’s Mirimichi
- Tuesday, October 06, 2009
6129 Woodstock Cuba Road
Millington, TN 38053
Permit Amount: $1.3 Million
Project Cost: $1.3 million
Permit Date: Applied October 2009
Owner: Big Creek Golf LLC
Tenant: Callaway Performance Center
Contractor: Eagle Contractors Inc.
52. Owners Serious About Kick-Starting Troubled Subdivision
- Monday, September 14, 2009
The Vinings at Germantown, a 63-lot development off Winchester Road, appears poised to close the book on a checkered past that includes several ownership groups and a litany of financial woes.
The 32-acre subdivision seemed doomed from its earliest stages when developer Levitt and Sons filed for bankruptcy in 2007. Then its second owner, The Hyneman Cos. LLC – led by developer William “Rusty” Hyneman – sold the property soon after buying it in December 2007 for a little less than $10 million.
53. A River Runs Through Us: Memphis’ once and future connection with the Wolf
- Monday, September 07, 2009
A cottonmouth slithers through the marsh. A wolf spider clings to a cypress tree. A white heron soars above the bottomland forest.
Paddle a canoe down the Ghost River section of the Wolf River in Fayette County and you’ll travel through multiple, distinct ecosystems teeming with wildlife. But while animal sightings convey the true spirit of the Wolf, only one creature – the elusive “river rat” – can verbalize why this river and its wetland corridor are so important.
54. Construction Specifications Institute Elects Davidson President of Memphis Chapter
- Wednesday, August 12, 2009
Pam Davidson has been elected president of the Memphis chapter of the Construction Specifications Institute. Davidson will serve as the third female president in the organization’s 50-year history.
55. Kohl’s Repairs Storm Damage At Cordova Department Store
- Tuesday, August 11, 2009
2335 N. Germantown Parkway
Cordova, TN 38016
Permit Amount: $550,000
Project Cost: $550,000
Permit Date: Applied August 2009
Completion: August 2009
Contractor: InStar Services Group LP
56. Abner Building Buys 1.34 Acres in Collierville
- Friday, August 07, 2009
A company called Abner Building Co. LLC on July 31 paid $554,648 for 1.34 acres in Collierville. The land is an outparcel of the 55-acre Ballard Property Planned Development at the northeast corner of Houston Levee Road and Crooked Creek Drive, near Poplar Avenue.
57. Gardens of Germantown Secures Funding to Build Alzheimer’s Facility
- Tuesday, August 04, 2009
3179 Professional Plaza
Germantown, TN 38138
Loan Amount: $8 Million
Loan Date: July 16, 2009
Maturity Date: Aug. 1, 2050
Borrower: Gardens of Germantown LLC
Lender: Deutsche Bank Berkshire Mortgage Inc.
Details: The developer of an Alzheimer’s facility called the Gardens of Germantown has filed an $8 million construction loan through Deutsche Bank Berkshire Mortgage Inc.
58. Commercial Real Estate Pocked by Financial Ruins
- Monday, August 03, 2009
Commercial real estate deals used to be hammered out in boardrooms, but with the rise of foreclosures in that sector, many of them are now being negotiated at the courthouse.
The steps of the Shelby County Courthouse proved to be a hot spot for high-dollar, high-profile commercial deals in June, a month that saw the most lucrative transaction and two of the top three sales occur following foreclosures.
59. U of M to Build Weight Room At Park Avenue Campus
- Tuesday, July 28, 2009
1115 E. Getwell Loop
Memphis, TN 38111
Permit Amount: $2.1 Million
Project Cost: $2.1 million
Permit Date: Applied July 2009
Completion: Late summer or early fall 2010
Owner: University of Memphis
Tenant: University of Memphis
Architect: Evans Taylor Foster Childress Architects
60. Mixed-Use Development Slated For Southeast Shelby County
- Tuesday, July 14, 2009
50 acres at Forest Hill-Irene Road and Tenn. 385
Memphis, TN 38125
Sale Amount: $4 Million
Sale Date: June 26, 2009
Buyer: Edward Rose Development Co. LLC
Seller: Turley LP
61. $1.7M Loan Filed For Retail Center
- Thursday, July 09, 2009
BAR LLC has filed a $1.7 million construction loan through First State Bank to build a 4,500-square-foot retail center at 4356 Forest Hill-Irene Road in Southeast Memphis. The center will be co-anchored by a gas station/convenience store and a Subway restaurant with a detached automated car wash.
62. Michigan Co. Buys Land for Development
- Wednesday, July 08, 2009
Edward Rose Development Co. LLC has bought 50 acres at the southeast corner of Forest Hill-Irene Road and Tenn. 385 for $4 million from Turley LP.
63. MAHBA Mothballs First-Time Buyer Program
- Tuesday, June 16, 2009
As if builders didn’t have enough headaches, a new program launched last month by the Memphis Area Home Builders Association to increase home sales had to be scrapped because of a legality.
Don Glays and Stephen Hodgkins, MAHBA executive director and president, respectively, said a program in which the trade association would lend $8,000 of down payment money to homebuyers and recoup the money through the federal tax credit was rejected by the U.S. Office of Management and Budget.
64. Carriage Crossing Jewelry Store Sold to Florida Investor
- Tuesday, May 19, 2009
4615 Merchants Park Circle
Collierville, TN 38017
Sale Amount: $2.8 Million
Sale Date: May 6, 2009
Buyer: Philip Brabyn
Seller: Carriage Avenue LLC
Loan Amount: $1.1 million
Loan Date: May 8, 2009
Maturity Date: July 1, 2009
Lender: Financial Federal Savings Bank
65. Home Sales Freefall Continues in Q1
- Monday, April 13, 2009
Shelby County home sales continued their downward spiral during the first quarter of 2009, proof that consumer confidence has yet to be restored and that credit issues have yet to be resolved.
Just 3,078 homes were sold in the first three months of 2009, down 25 percent from 4,101 in Q1 2008, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com. The period’s total marked the lowest first quarter since Q1 2001, which saw 3,107 home sales.
66. Permit Filed For Owens Corning Alteration
- Tuesday, April 07, 2009
693 Corrine Ave.
Memphis, TN 38107
Permit Cost: $600,000
Permit Date: Applied March 2009
Owner: Belz Union Realty Co. GP
Tenant: Owens Corning Corp.
Contractor: Southern Integrated Services Inc.
67. Bank Reclaims Two Homes, 55 Lots for $1.6 Million
- Monday, March 30, 2009
First Tennessee Bank NA has bought back two homes and 55 lots owned by J. Sweeney Homes LLC after foreclosing on the properties earlier this year. First Tennessee acquired the homes and lots March 23 in a $1.6 million substitute trustee’s sale on the courthouse steps.
68. $2M Retail Center to Rise Near Rose Complex
- Monday, March 09, 2009
A $2 million retail center – co-anchored by a gas station/convenience store and a Subway restaurant with a detached automated car wash – will rise soon at 4356 Forest Hill-Irene Road in Southeast Memphis, the project’s developer confirmed last week.
69. FRS Powersports Building New Motorcycle/ATV Shop
- Tuesday, November 11, 2008
2175 Whitten Road
Memphis, TN 38133
Loan Amount: $2 Million
Loan Date: Oct. 31, 2008
Maturity Date: Nov. 1, 2009
Borrower: FRS Industries Inc.
Lender: BancorpSouth Bank
70. 62-Bed Alzheimer’s Facility Coming to Germantown
- Tuesday, November 04, 2008
3179 Professional Plaza
Germantown, TN 38138
Permit Amount: $5.6 Million
Project Cost: $5.6 million
Permit Date: Applied October 2008
Completion: October or November of 2009
Owner: Alexander Enterprises
Tenant: Alexander Enterprises
Contractor: Patton and Taylor Enterprises
Architect: O.T. Marshall Architects
Details: An Alzheimer’s facility called the Gardens of Germantown soon will rise at 3179 Professional Plaza, which runs between Poplar Avenue and Poplar Pike near the Germantown/Collierville border.
Developer Alexander Enterprises has filed a permit application with the city-county Department of Construction Code Enforcement to build the 30,500-square-foot, single-story facility. The Gardens of Germantown will be a 48-unit, 62-bed facility that sits on roughly half of a 4.36 acre-parcel backing up to the Village Shops of Forest Hill retail center. Beacon Communities Inc. of Cumming, Ga., will manage the facility.
Construction on the building, set to begin in December, should take 10 months, said Michael Alexander of Alexander Enterprises, with an opening projected for October or November 2009. The property has been divided into two lots, with the Gardens of Germantown slated for the northwest corner of the property.
1.46 Acres in Commons at Dexter Lake
Cordova, TN 38018
Loan Amount: $1.2 Million
Loan Date: Oct. 2, 2008
Maturity Date: April 22, 2009
Borrower: Commons at Dexter Lake LLC
Lender: First Citizens National Bank
Details: A $1.6 million retail center with a French Quarter motif is being built in Cordova. The Commons at Dexter Lake LLC has filed a $1.2 million construction loan to build a 10,400-square-foot retail center, dubbed Vieux Carré, south of Dexter Road and west of Chickering Lane. Construction started last week. The development team bought the land from John B. Maxwell Jr., trustee for the sellers, for $334,541 and filed the construction loan through First Citizens National Bank. Commons at Dexter Lake LLC principal Nancy Waddell signed the trust deed. The center will sit on a 1.46-acre parcel near the Commons at Dexter Lake retail center and the Reserve at Dexter Lake apartments. A spokesman for the developer said the seven-bay center already has five leases signed. Tenants include a Belle Meade salon, financial planner Martin Hearn, a Crown Trophy store and a florist/gift shop. Jeff Blackledge is architect for Vieux Carré. KT Construction LLC, whose partners are Scott Turnage and Riley Kail, will be the general contractor. Turnage said the company is “stripping the lot off right now and pushing hard for the first of the year” to complete the center. “We’re going to go for kind of a hybrid French Quarter style – we’re going to be doing more of a Bourbon Street look,” Turnage said. “It’s going to be a strip center, but we’re going to try to give each space individuality, using depth and height offsets to try to give each space somewhat of a unique appearance.” More retail space will be coming to the site soon.
6075 Winchester Road
Memphis, TN 38115
Sale Amount: $1.4 Million
Sale Date: Oct. 23, 2008
Buyer: World Overcomers Outreach Ministries Church Inc.
Seller: Carlyle Rock Ridge LLC
Loan Amount: $1.2 million
Loan Date: Oct. 24, 2008
Maturity Date: N/A
Lender: Tri-State Bank of Memphis
Details: World Overcomers Outreach Ministries Church Inc. has bought the Hickory Ridge Mall for $1.4 million from Carlyle Rock Ridge LLC. The roughly 500,000-square-foot Hickory Ridge Mall sits on 44 acres at 6075 Winchester Road in Hickory Hill. It was damaged by a tornado during the Feb. 5 storms that ripped through the southern and southeastern areas of town. World Overcomers will retain its congregational home at the former Central Church at 6655 Winchester Road, down the road from the mall. The church bought that property in 2001 for $10 million. Church pastor Alton Williams has announced plans to turn the mall into a Christian community center, replete with a restaurant, banquet hall, theater and other services for the neighborhood. The Hickory Ridge Mall opened in 1981 to much fanfare, but it steadily declined over the years as newer malls opened in other parts of town and tenants departed. The February storm proved to be a death knell for the mall. Although the city of Memphis considered buying it and turning it into a satellite office for city services, the renovation proved too costly.
71. Election Fever
- Tuesday, November 04, 2008
Topped by the presidential race between Democrat Barack Obama and Republican John McCain, today’s ballot features a special City Council election as well as eight city of Memphis charter amendments and two Shelby County charter amendments.
72. Interface Properties Re-Enters Memphis Market
- Tuesday, October 07, 2008
A Florida development company absent from the Memphis market for the past few years is returning to the area with plans to develop outparcels at a Collierville retail center and a Germantown hotel.
73. Collierville Acreage Sells for $1.4 Million
- Monday, July 07, 2008
The Houston Levee Trust has bought two tracts of land totaling 2.48 acres on the Ballard Property Planned Development in Collierville for $1.4 million from the Forest Hill Land Trust, with Douglas R. Beaty as trustee.
74. Community Bank Buys C’ville Parcel for $1.6M
- Wednesday, May 14, 2008
Community Bank NA has bought 1.5 acres in Collierville for $1.6 million with plans to build a full-service branch on the site, albeit at a later date. The parcel, on the northeast corner of Houston Levee Road and Crooked Creek Drive, is part of the 55-acre Ballard Property Planned Development.
75. Office Building to Rise In Forest Hill-Irene Subdivision
- Tuesday, April 22, 2008
Lot on Centre Oak Way
Germantown, TN 38138
Loan Amount: $1.1 million
Loan Date: March 31, 2008
Borrower: Reed White Holdings LLC
76. $1.1M Construction LoanFiled for G'Town Land
- Tuesday, April 15, 2008
Reed White Holdings LLC has filed a $1.1 million construction loan for a lot in the Forest Hill-Irene commercial subdivision. The lot is on Centre Oak Way, which is on the west side of Forest Hill-Irene Road, between Pop
77. Shoemaker Financial's Allen Earns Circle of Excellence
- Wednesday, February 13, 2008
Frank Allen, a certified financial planner and financial adviser with Shoemaker Financial, has achieved the Circle of Excellence award from Securian Financial Services for his performance in 2007.
78. Archived Article
- Tuesday, January 29, 2008
3660, 3670 and 3680 Houston Levee Road
Collierville, TN 38017
Sale Amount: $15.8 million
Sale Date: Jan. 22, 2008
79. Hyneman Cos. Buys LandFrom Bankrupt Levitt
- Monday, January 07, 2008
The Hyneman Cos. LLC, the development company headed by William "Rusty" Hyneman, has bought Memphis property owned by now-bankrupt Levitt and Sons LLC for nearly $10 million, according to documents filed with the Shelby
80. State Tax Lien FiledAgainst Forest Hill
- Thursday, November 08, 2007
A $22,176.46 state tax lien has been filed against Forest Hill Funeral Home and Mem East LLC, according to The Daily News Online, www.memphisdailynews.com.
The lien was filed on behalf
81. Archived Article
- Tuesday, September 25, 2007
40 lots in Shelby
And DeSoto counties
Loan Amount: $3.6 million
Loan Date: Sept. 13, 2007
Maturity Date: Sept. 20, 2012
82. Clark & Clark Partner To Sell Forestbrook Lots
- Friday, September 21, 2007
Ben Clark, partner in Clark & Clark real estate development firm, has bought property in Germantown's Forestbrook Subdivision. Clark's Kateland Inc. entity, of which he is president, bought seven lots in Forestbrook last
83. Site Work on Prototype Hyatt Place to Begin Soon
- Tuesday, September 11, 2007
10.8 acres slated to become
Hyatt Place, Outparcels
Sale Amount: $2.2 million
Sale Date: Aug. 30, 2007
84. Beale Street's Dreamer Looks To Other Adventures
- Monday, July 02, 2007
"The seven wonders of the world I've seen,
And many are the places I have been,
Take my advice, folks, and see Beale Street first."
- "Beale Street Blues," W.C. Handy
Concert posters, jackets worn and signed by music icons such as Garth Brooks and B.B. King and an entire wall of Ernest Withers photos greet visitors inside the office of Performa Entertainment Real Estate.
The company's Beale Street storefront is decked out with scores of other trinkets, including head sculptures of the four members of the rock group K.I.S.S.
85. BankTennessee Branches Out
- Monday, June 25, 2007
BankTennessee might not be the largest or most recognizable financial institution whose title contains the state name.
But Collierville-based BankTennessee - with five branches, about $220 million in total assets and $183 million in deposits - has found plenty of success carving its niche as a community bank.
86. Legent Buys, Finances26 lots in Fountain Brook
- Tuesday, February 27, 2007
Legent Homes LLC has bought 26 lots in Cordova's Fountain Brook Planned Development in two transactions.
The company on Feb. 16 bought six lots in phase one for $294,000 from Fountain B
87. Luxury Garden Apartment Market Blooms in Cordova
- Friday, January 26, 2007
When Davis Development Inc. gets finished sculpting its planned 226-unit apartment development out of a bare patch of land in Cordova, the product will be more than your average multifamily complex.
88. Archived Article
- Tuesday, January 09, 2007
1715 Aaron Brenner Drive
Memphis, TN 38120
Sale Amount: $38.1 million
Sale Date: Dec. 11, 2006
Buyer: PKY Fund Memphis I LLC
89. Hyneman-Affiliated CompanyBuys Land near Berryhill Road
- Wednesday, January 03, 2007
Fountain Brook LLC has bought more than 28 acres on Berryhill Road in Cordova from F. William Hackmeyer Jr. for $1.5 million. On the east side of Berryhill near North Forest Hill-Irene Road, 16.1 acres of the land is sla
90. Hyneman Buys LotsIn Fountain Brook
- Thursday, December 07, 2006
William R. Hyneman has bought 51 lots in Fountain Brook Planned Development phase II from Fountain Brook LLC for $1.9 million. The subdivision is near Berryhill and North Forest Hill-Irene roads in Cordova. Hyneman filed
91. Archived Article
- Tuesday, November 28, 2006
Parcels in Herons Ridge
And Plantation Oaks Subdivisions
Loan Amount: $3.5 million
Loan Date: Nov. 14, 2006
92. Archived Article
- Tuesday, November 14, 2006
4287 Delp St.
Memphis, TN 38118
Sale Amount: $2.6 million
Sale Date: Oct. 27, 2006
Buyer: Cabot II-TN1W08 LLC
93. Hyatt Place HotelPlanned for Germantown
- Tuesday, October 31, 2006
Plans are in the works for a $22 million, 122-room Hyatt Place Hotel on a 10.8-acre site at Winchester and Forest Hill-Irene roads.
The Silver Cos., which has offices in Washington and
94. Archived Article
- Tuesday, October 10, 2006
One lot in
I-40 Business Center
Loan Amount: $4.5 million
Loan Date: Sept. 28, 2006
Maturity Date: March 28, 2008
95. Archived Article
- Tuesday, September 19, 2006
3691 Elvis Presley Blvd.
And vacant land
Sale Amount: $3.8 million
Sale Date: Sept. 1, 2006
Buyer: Memphis-Graceland RV Park & Campground LLC
96. You Better Shop Around
- Thursday, September 07, 2006
Seattle-based Nordstrom Inc. has Memphis on its radar as a possible home for one of its upscale department stores within the $100 million Forest Hill Plaza commercial development being built at the intersection of Winchester and Forest Hill-Irene roads.
97. Archived Article
- Tuesday, August 01, 2006
Loan Amount: $15 million
Loan Date: July 18, 2006
Maturity Date: Aug. 31, 2007
98. Archived Article
- Tuesday, July 25, 2006
67 Madison Ave.
Memphis, TN 38103
Loan Amount: $24.5 million
Loan Date: July 10, 2006
Maturity Date: n/a
99. Compass Pointe FinancesProperty in Afton Grove
- Friday, July 14, 2006
Compass Pointe Homes LLC has filed a $1.4 million construction loan through Financial Federal Savings Bank for 12 lots in Afton Grove Planned Development Phase III, east of Forest Hill-Irene Road south of Cordova Park Road. Co
100. Medical Facilities Feather Their Nest in Germantown
- Monday, July 10, 2006
Three years ago, Greg McGaw figured it would cost an outlandish amount to convert some of the now-vacant Wal-Mart property at 1280 S. Germantown Road into a medical space.
Wal-Mart abandoned the 16-acre site in 2003, leaving McGaw - principal of Landstone Medical Properties - and others to speculate that the land was a prime site for a medical user. That type of real estate also is something Germantown officials have been keen on attracting since the town is landlocked, very nearly built-out and has few opportunities available to expand its property tax base.