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Editorial Results (free)

1. Hotel Developer Moves On Scimitar Building Conversion -

179 Madison Ave.
Memphis, TN 38103

Permit Cost: $5.2 million

Permit Date: Applied August 2015

2. Car Wash Facilities Sell for $29 Million -

Car Wash USA Express Holdings LLC, a Mississippi limited liability company, has sold its portfolio of car wash facilities located across Memphis and Shelby County.

3. Memphis Investment Professionals Preach Caution Amid Market Swings -

The 1,000-point drop at one point Monday, Aug. 24, in the Dow Jones Industrial Average – it ended the day down 588 points to close at an 18-month low – was a result of volatile trading that marked a stomach-churning start to the week for investors.

4. Car Wash Facilities Sell for $29 Million -

Car Wash USA Express Holdings LLC, a Mississippi limited liability company, has sold its portfolio of car wash facilities located across Memphis and Shelby County.

5. Verso to Lay Off 600 in Maine, Kentucky -

Verso Corp. is permanently eliminating 300 jobs in Maine and laying off another 300 in Kentucky as it reduces production of coated paper and dried market pulp.

6. Proposal Prompts Closer Look at Tax Breaks -

In recent years, the tax incentives used to bring economic development and jobs to Memphis have been a lightning rod.

The debate’s volume grew as it became apparent that Memphis was emerging from the national recession at a slower pace than other major cities as well as some parts of rural west Tennessee and north Mississippi.

7. Ballet Memphis Closes On French Quarter Suites Purchase -

2144 Madison Ave.
Memphis, TN 38104

Sale Amount: $4.2 million

Sale Date: Aug. 6, 2015

8. Leco Realty Credits Success To Hands-On Approach -

Over the past 33 years, Bert Less has weathered many financial storms with his property management company Leco Realty Inc.

9. Loeb Properties Buys Shops of Chickasaw Gardens -

Loeb Properties has purchased the three commercial real estate parcels that compose the Shops of Chickasaw Gardens along Poplar Avenue for $3 million.

Memphis-based Loeb, working as Loeb Bros. Realty LP, bought the property from 3181 Poplar Avenue Holdings LLC, an affiliate of CWCapital Asset Management LLC, according to an Aug. 5 special warranty deed.

10. Loeb Properties Buys Shops of Chickasaw Gardens -

Loeb Properties has purchased the three commercial real estate parcels that compose the Shops of Chickasaw Gardens along Poplar Avenue for $3 million.

Memphis-based Loeb, working as Loeb Bros. Realty LP, bought the property from 3181 Poplar Avenue Holdings LLC, an affiliate of CWCapital Asset Management LLC, according to an Aug. 5 special warranty deed.

11. $9.5 Million Permit Filed For Downtown Hotel -

310 Union Ave.
Memphis, TN 38103

Permit Cost: $9.5 million

Permit Date: Applied August 2015

12. ServiceMaster Grows Net Income, Revenue -

ServiceMaster Global Holdings Inc. reported second-quarter net income of $67 million Tuesday, Aug. 4, as compared to $40 million from the same quarter in 2014.

13. The Shops of Collierville Sells for $7.4 Million -

Mount Pleasant, S.C.-based Ziff Properties Inc. has acquired The Shops of Collierville for $7.4 million, according to a special warranty deed filed Aug. 3.

14. The Shops of Collierville Sells for $7.4 Million -

Mount Pleasant, S.C.-based Ziff Properties Inc. has acquired The Shops of Collierville for $7.4 million, according to a special warranty deed filed Aug. 3.

15. ServiceMaster Grows Net Income, Revenue -

ServiceMaster Global Holdings Inc. reported second-quarter net income of $67 million Tuesday, Aug. 4, compared with $40 million from the same quarter in 2014.

16. Sports Shorts -

Five Memphis Tigers Claim Scholar-Athlete Awards: Five University of Memphis student-athletes claimed Scholar-Athlete Sport Excellence Awards for their efforts on the field and in the classroom during the 2014-15 season, the American Athletic Conference has announced.

17. Ikea Buys Cordova Acreage For Planned Memphis Store -

41 Acres for
Future Ikea Store

Sale Amount: $5.7 million

Sale Date: July 10, 2015

Buyer: IKEA Property Inc.

18. REIT Buys Sears Properties in Sale-Leaseback -

In part of a major transaction to increase cash flow and make their retail spaces more productive, Sears Holdings Corp. sold four Memphis properties to its newly formed public real estate investment trust, Seritage Growth Properties, for a combined $17.6 million.

19. REIT Buys Sears Properties in Sale-Leaseback Transaction -

In part of a major transaction to increase cash flow and make its retail spaces more productive, Sears Holdings Corp. sold four Memphis properties to its newly formed public real estate investment trust, Seritage Growth Properties, for a combined $17.6 million.

20. Supreme Court Upholds Nationwide Health Care Law Subsidies -

The Supreme Court on Thursday upheld the nationwide tax subsidies under President Barack Obama's health care overhaul, in a ruling that preserves health insurance for millions of Americans.

21. Michigan Investor Pays $7.5 Million for Hickory Hill Apartments -

5995 Waterstone Oak Way
Memphis, TN
Sale Amount: $7.5 million

Sale Date: June 11, 2015
Buyer: RoCo-Lakes LLC
Seller: RRE Waterstone Holdings LLC
Loan Amount: $6.2 million
Loan Date: June 11, 2015
Maturity Date: June 11, 2017
Lender: Keybank NA
Details: RoCo-Lakes LLC, a Michigan limited liability company, purchased two parcels comprising The Lakes at Ridgeway Apartments on June 11.

22. Chism Opens Capital Advisors/Bellwether Enterprise's Memphis Office -

Jeremy Chism has joined Capital Advisors/Bellwether Enterprise as vice president to open the company’s Memphis commercial real estate loan production office. The firm provides financing solutions through a vast network of insurance companies, CMBS lenders and commercial lenders for commercial real estate.

23. Del-Nat Sells Warehouse, Newby’s Makes A Comeback -

Del-Nat Tire Co. has unloaded a 500,000-square-foot warehouse in Southwest Memphis.

Sunhill Holdings LLC acquired the warehouse at 2365 Texas Drive for $6 million from Del-Nat Realty.

24. Solana Senior Living Facility Sells for $65.5 Million -

8199 Poplar Ave.
Germantown, TN 38138

Sale Amount: $65.5 million

Sale Date: May 27, 2015

25. LYFE Kitchen Pays $3M For East Memphis Spot -

LYFE Kitchen has purchased its East Memphis location from a division of Memphis-based Carlisle Corp.

LYFE bought the restaurant at 6201 Poplar Ave. from Wendelta Property Holdings LLC for $3 million, according to a May 29 warranty deed.

26. Snapshot: Memphis-Based Public Companies -

Here's a look at what's going on at the dozen public companies headquartered in Memphis:

AutoZone Inc.

AutoZone Inc. is one of the largest auto parts retailers and distributors in the U.S., with a store count of 5,476 as of Feb. 14. Since 1998, the company has repurchased $15.7 billion worth of its own shares. At the end of March, AutoZone continued its share buyback program with the authorization to buy back another $750 million in company stock. The company followed that news with plans to pursue a $650 million debt offering to be used for “general corporate purposes.” – Andy Meek

27. Teens Still Critical After Resort Poisoning -

Two Delaware teenagers are still in critical condition more than six weeks after a banned pesticide was sprayed at the Caribbean resort where they were staying, their family said Monday.

Sean and Ryan Esmond and their parents fell ill after an applicator working for Terminix used the pesticide methyl bromide at the resort in the U.S. Virgin Islands.

28. Shops at Kirby Gate Sells for $3.4 Million -

A California-based investor has purchased the Shops at Kirby Gate in East Memphis for $3.4 million.

An affiliate of Los Angeles-based Westwood Financial Corp. acquired the shopping center at the northwest corner of Quince Road and Kirby Parkway from Shops at Kirby Gate LLC, according to public records.

29. Teens Still Critical 6 Weeks After Resort Poisoning -

Two Delaware teenagers are still in critical condition more than six weeks after a banned pesticide was sprayed at the Caribbean resort where they were staying, their family said Monday.

Sean and Ryan Esmond and their parents fell ill after an applicator working for Terminix used the pesticide methyl bromide at the resort in the U.S. Virgin Islands.

30. ServiceMaster Ups First-Quarter Earnings -

Memphis-based ServiceMaster Global Holdings Inc. posted first-quarter earnings of $28 million, the company reported Tuesday, April 28.

31. Midtown Momentum -

Kroger Co., buoyed by the Crosstown Concourse development and increased investment in Midtown as a whole, has purchased properties associated with the long-dormant Washington Bottoms project at Poplar Avenue and Cleveland Street.

32. IHeartMedia Sells Four Memphis Radio Towers -

IHeartMedia + Entertainment Inc. has sold four of its Memphis radio towers for $6.3 million as part of a national deal topping $300 million.

33. Wal-Mart Moves Forward With New Supercenter -

6790 Raleigh Lagrange Road
Memphis, TN 38134
Permit Amount: $600,000

Permit Application Date: April 2015
Owner: Wal-Mart Stores Inc.
Tenant: Wal-Mart Stores Inc.
Architect: Carlos Perez
Details: Wal-Mart Stores Inc. is moving forward with plans for a new supercenter near Interstate 40 and Whitten Road.

34. IHeartMedia Sells Four Memphis Radio Towers -

IHeartMedia + Entertainment Inc. has sold four of its Memphis radio towers for $6.3 million as part of a national deal topping $300 million.

35. Bristol on Union, Crowne Plaza Poised For Sales -

Two key pieces of commercial real estate – one Downtown and one in the Memphis Medical District – are poised to trade hands.

A joint venture between New York-based DRA Advisors LLC and Memphis-based Fogelman Properties LLC have entered into an agreement to acquire the 220-unit Bristol on Union apartment community at Union Avenue and Interstate 240 from Sentinel Real Estate Corp, which has owned and operated the property since 2006.

36. Bristol on Union, Crowne Plaza Memphis Poised for Sales -

Two key pieces of commercial real estate – one Downtown and one in the Memphis Medical District – are poised to trade hands.

A joint venture between New York-based DRA Advisors LLC and Memphis-based Fogelman Properties LLC have entered into an agreement to acquire the 220-unit Bristol on Union apartment community at Union Avenue and Interstate 240 from Sentinel Real Estate Corp, which has owned and operated the property since 2006.

37. Woods at Ridgeway Apartments Sell for $18.5 Million -

6277 Lake Arbor Drive and 6206 Knight Arnold Road
Memphis, TN 38115
Sale Amount: $18.5 million

38. ServiceMaster Announces Post Secondary Stock Offering -

Memphis-based ServiceMaster Global Holdings Inc. filed notice Friday, March 20, of its proposed secondary offering of common stock.

39. Arizona Real Estate Firm Buys Storage Facility -

An Arizona-based real estate firm has acquired a Memphis mini-storage facility for $3.8 million.

Phoenix-based AMERCO Real Estate Co. bought the American Mini Storage facility at 7399 U.S. 64 from 7399 US Highway 64 Holdings LLC, which is affiliated with Florida-based LNR Partners Inc., for $3.8 million, according to a Feb. 24 warranty deed.

40. MRG Enjoys Flurry of Leasing Activity -

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

41. Brewery Developers Buy Site for New Apartment Building -

11 Butler Ave.
Memphis, TN 38103
Sale Amount: $1.25 million

Sale Date: Feb. 23, 2015
Buyer: 495 Tennessee LLC
Seller: BCH Investments LLC
Details: The team behind the development of the historic Tennessee Brewery has acquired a key piece of property adjacent to the long-vacant structure as plans for the new Tennessee Brewery: The Revival series of events there move forward.

42. Arizona Real Estate Firm Buys Storage Facility for $3.8 Million -

An Arizona-based real estate firm has acquired a Memphis mini-storage facility for $3.8 million.

Phoenix-based AMERCO Real Estate Co. bought the American Mini Storage facility at 7399 U.S. 64 from 7399 US Highway 64 Holdings LLC, which is affiliated with Florida-based LNR Partners Inc., for $3.8 million, according to a Feb. 24 warranty deed.

43. ServiceMaster Posts 2014 and Fourth-Quarter Revenue Gains -

Sales of new services at Terminix, the acquisition of Home Security of America Inc. and organic growth at American Home Shield prompted Memphis-based ServiceMaster Global Holdings Inc. to post increases in revenues Thursday, Feb. 26, for the year 2014 and the fourth quarter of the year.

44. Saudi Prince set to Visit Memphis Monday -

A member of the Saudi royal family, Prince Khaled bin Alwaleed, is scheduled to visit Memphis Monday, touring locations that include the Ronald McDonald House of Memphis.

The prince, who’s also the founder of private investment company KBW Investments, is set to tour the Ronald McDonald House facilities and have lunch with the organization’s staff, board members and founders. While there, he’ll also speak with families and learn about the organization’s history and mission, among other things.

45. Shelby Farms Conservancy Seeks $7.2 Million in Permits -

6093 N Patriot Lake Blvd.
415 E. Patriot Lake Blvd.
Memphis, TN 38118
Permit Amount: $7.2 million

46. Open In Memphis -

First-year Memphis Open tennis director Erin Mazurek no doubt could tell you more than you ever wanted to know about the Detroit Red Wings.

Mazurek spent five years working for the National Hockey League team as director of private events. So, she’s got a history there. She knows the value of winning and what the Stanley Cup means (last won by the Red Wings in 2008).

47. Airport Business Park Sells for $4.7 Million -

A group affiliated with a Dallas-based commercial real estate financing company has acquired Airport Business Park at a significant discount.

CRE ABP Memphis LLC, which is affiliated with Dallas-based Gearing Capital Partners Inc., bought Airport Business Park from Allegiance Realty Corp. for $4.7 million, according to a Jan. 21 warranty deed.

48. Randy Odom Named CEO of Memphis Athletic Ministries -

Randy Odom has been named president and chief executive officer of Memphis Athletic Ministries. Odom joined MAM in 2006 as a neighborhood center director and became chief operating officer in 2012. In his new role, he oversees all operations and programming for 10 neighborhood youth centers that serve more than 900 underserved youth after school each day.

49. Airport Business Park Sells for $4.7 Million -

A group affiliated with a Dallas-based commercial real estate financing company has acquired Airport Business Park at a significant discount.

CRE ABP Memphis LLC, which is affiliated with Dallas-based Gearing Capital Partners Inc., bought Airport Business Park from Allegiance Realty Corp. for $4.7 million, according to a Jan. 21 warranty deed.

50. Stonebridge Crossing Sells for $34.7 Million -

9300 U.S. 64
Lakeland, TN 38002
Sale Amount: $34.7 million

Sale Date: Jan. 5, 2015
Buyer: Lakeland Apartments TN Associates LLC
Seller: MRB Stonebridge LP
Loan Amount: $27.7 million
Loan Date: Dec. 15, 2014
Maturity Date: Feb. 1, 2025
Lender: Walker & Dunlop LLC
Details: An affiliate of a New York-based real estate investment firm has bought the Stonebridge Crossing Apartments in Lakeland for $34.7 million.

51. ServiceMaster Signals Desire to Strengthen Tennis Tournament -

After it was announced at a press conference at The Racquet Club of Memphis that ServiceMaster Global Holdings Inc. had entered into a three-year deal to be the presenting sponsor of the Memphis Open, the company’s chief financial officer, Alan Haughie, couldn’t help himself.

52. Townhome Community Sells for $7.2 Million -

An East Memphis townhome community has been sold for $7.2 million.

1704 Farmington LLC, an affiliate of New York-based CLK Properties, sold the 127-unit Class B townhome community at 6003 Bangalore Court, located on the north side of Quince Road near Lichterman Nature Center, to Ridgeway Holdings LLC, Waypoint LLC and Main Drive Properties LLC, according to a Jan. 13 special warranty deed. The sales price breaks down to $56,692 per unit.

53. ServiceMaster to Present Memphis Open -

Memphis-based ServiceMaster Global Holdings Inc. will be the presenting sponsor of the local Association of Tennis Professionals tour stop in February, it was announced Thursday afternoon at The Racquet Club of Memphis.

54. Townhome Community Sells for $7.2 Million -

An East Memphis townhome community has been sold for $7.2 million.

1704 Farmington LLC, an affiliate of New York-based CLK Properties, sold the 127-unit Class B townhome community at 6003 Bangalore Court, located on the north side of Quince Road near Lichterman Nature Center, to Ridgeway Holdings LLC, Waypoint LLC and Main Drive Properties LLC, according to a Jan. 13 special warranty deed. The sales price breaks down to $56,692 per unit.

55. Bridges Receives $75,000 Gift From ServiceMaster -

Memphis-based not-for-profit Bridges has announced a $75,000 gift from ServiceMaster Global Holdings Inc., given on behalf of ServiceMaster employees.

56. Justice Department: Verso can Acquire NewPage -

The U.S. Justice Department and Memphis-based Verso Paper Corp. have reached a settlement that will allow Verso to move ahead with its acquisition of NewPage Holdings Inc.

57. Big Deals Highlight 2014 Real Estate -

In Inked, we like to highlight local real estate transactions and the often-interesting companies leasing or buying commercial real estate space in the Memphis market. We also like to keep you informed about major deals before they happen and track companies that are critical to the local economy. Here are some important items that appeared in Inked in 2014.

58. Justice Department: Verso Can Acquire NewPage -

The U.S. Justice Department and Memphis-based Verso Paper Corp. have reached a settlement that will allow Verso to move ahead with its acquisition of NewPage Holdings Inc.

59. DeSoto Sears Distribution Center Up For Lease -

Struggling retailer Sears says it remains committed to the Memphis market despite that its 800,000-square-foot distribution center in Olive Branch is being marketed for lease.

Exeter Property Group recently began marketing the once-powerful retailer’s massive distribution center at 10425 Ridgewood Drive in Olive Branch for lease, a signal to some local real estate officials that Sears – which is facing significant financial and market headwinds – could be closing the center.

60. Lynnfield Place Apartments Sell for $22.4 Million -

The Lynnfield Place apartment community in East Memphis has sold for $22.4 million.

Lynnfield Apartments LLC, an affiliate of Hyde Capital LLC, purchased the 400-unit community at 1400 Lynnfield Road, between Park Avenue and Quince Road in East Memphis, from Lynnfield Holdings LLC, according to a Nov. 7 special warranty deed. Hyde Capital LLC lists an address of 3094 Autumnwood Ave. in Memphis, the same address of the 324-unit Autumnwood Apartments, which is owned by an affiliate of Hyde Multifamily Investments LLC.

61. Lynnfield Place Apartments Sell for $22.4 Million -

1400 Lynnfield Road
Memphis, TN 38119
Sale Amount: $22.4 million

Sale Date: Nov. 7, 2014
Buyer: Lynnfield Apartments LLC
Seller: Lynnfield Holdings LLC
Loan Amount: $20 million
Loan Date: Nov. 3, 2014
Borrower: Lynnfield Apartments LLC
Lender: Arbor Commercial Funding LLC
Details: The Lynnfield Place apartment community in East Memphis has sold for $22.4 million.

62. Lynnfield Place Apartments Sell for $22.4 Million -

The Lynnfield Place apartment community in East Memphis has sold for $22.4 million.

Lynnfield Apartments LLC, an affiliate of Hyde Capital LLC, purchased the 400-unit community at 1400 Lynnfield Road, between Park Avenue and Quince Road in East Memphis, from Lynnfield Holdings LLC, according to a Nov. 7 special warranty deed. Hyde Capital LLC lists an address of 3094 Autumnwood Ave. in Memphis, the same address of the 324-unit Autumnwood Apartments, which is owned by an affiliate of Hyde Multifamily Investments LLC.

63. Southwest Memphis Apts. Sell for $1.9 Million -

A southwest Memphis apartment complex has sold for $1.9 million.

An entity named AML 1003 LLC purchased the 64-unit Class D complex at 1952 Philsar St. from Longview Heights Partners, according to a Nov. 13 warranty deed. The seller is affiliated with The 1987 William Epstein Irrevocable Trust.

64. Southwest Memphis Apartments Sell for $1.9 Million -

A southwest Memphis apartment complex has sold for $1.9 million.

An entity named AML 1003 LLC purchased the 64-unit Class D complex at 1952 Philsar St. from Longview Heights Partners, according to a Nov. 13 warranty deed. The seller is affiliated with The 1987 William Epstein Irrevocable Trust.

65. Makowsky Ringel Greenberg Still Going Strong -

In 2008, Memphis-based Makowsky Ringel Greenberg LLC acquired land inside the Schilling Farms community in Collierville for a new high-end apartment development.

66. 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.

67. CWCapital Sheds Willow Lake Buildings -

3900, 4100 Willow Lake Blvd.
Memphis, TN 38118
Sale Amount: $1.9 million

68. Athletic/Ortho Facility Opens in Collierville -

D1 Sports Holdings LLC and Ortho One Sports Medicine have teamed up to open a sports training and therapy facility in Memphis. In addition, the business is co-owned by Tennessee Titans offensive lineman Michael Oher.

69. 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.

70. Willow Lake Building Sold for $1.9 million -

Another building inside Willow Lake Business Park and Corporate Park in Hickory Hill has been sold for $1.9 million.

Willow Lake Business Park LLC acquired 3592 Willow Lake Blvd. from 198-6 Memphis Industrial Portfolio Holdings LLC, which is affiliated with Bethesda, Md.-based special servicer CWCapital Asset Management, according to an Oct. 13 warranty deed.

71. Two Willow Lake Buildings Sold for $1.9 Million -

Two buildings inside Willow Lake Business Park and Corporate Park in Hickory Hill have been sold for $1.9 million.

Eagle Capital LLC acquired 3900 Willow Lake Blvd. and 4100 Willow Lake Blvd. from 198-6 Memphis Industrial Portfolio Holdings LLC, which is affiliated with Bethesda, Md.-based special servicer CWCapital Asset Management LLC, according to an Oct. 13 warranty deed.

72. Athletic/Ortho Facility Opens in Collierville -

D1 Sports Holdings LLC and Ortho One Sports Medicine have teamed up to open a sports training and therapy facility in Memphis. In addition, the business is co-owned by Tennessee Titans offensive lineman Michael Oher.

73. Developer Focuses on Midtown Corner -

Developer Charles S. Ryan is looking to expand his Midtown real estate holdings. For several years Ryan has held discussions with property owners around the intersection of Cooper Street and Central Avenue.

74. 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.

75. Meritan’s Branch Named Among Top Nurses -

Cindy Branch, Meritan’s associate vice president for health services, has been selected to represent Tennessee as one of the nation’s top 50 home care and hospice nurses by the National Association for Home Care & Hospice and the Home Healthcare Nurses Association. Branch, a registered nurse, has oversight of Meritan’s nursing programs, including home health, private duty nursing and medical residential homes. She will be recognized at NACH’s annual meeting in October.

76. Regional Airlines Not Sharing in Majors' Success -

DALLAS (AP) – For passengers traveling between smaller cities and large hub airports, the ticket may say Delta, American or United, but they're likely flying on a regional airline whose planes are painted in the major carrier's colors.

77. Whole Foods Pulls Building Permit -

Whole Foods is moving forward with construction of its new store in Germantown. The company pulled a $6.6 million building permit for the store at Poplar Avenue and Pete Mitchell Road in Germantown.

78. Whole Foods Pulls $6.6 Million Building Permit -

Whole Foods is moving forward with construction of its new store in Germantown. The company pulled a $6.6 million building permit for the store at Poplar Avenue and Pete Mitchell Road in Germantown.

79. Florida Company Buys Residence Inn for $6.5 Million -

An affiliate of Boca Raton, Fla.-based Luxury Resorts & Hotels has paid $6.5 million for the 105-room Residence Inn East Memphis at 6141 Poplar Ave.

80. Indmar Marine Engines Files Expansion Permit -

5400 Old Millington Road
Unincorporated Shelby County
Permit Cost: $2 million

81. Midtown Corner Could See Turnaround -

While Midtown as a whole is experiencing a resurgence, two properties at the key intersection of Union Avenue and McLean Boulevard remain vacant, decaying eyesores.

But a real estate agent representing the owner of the vacant office building and hotel at the southwest corner of Union and McLean says both properties are under contract to be sold.

82. Carlisle Corp. Buys Sharky’s Property -

6201 Poplar Ave.
Memphis, TN 38119
Sale Amount: $2.9 million

Sale Date: July 29, 2014
Buyer: Wendelta Property Holdings LLC
Seller: Aaron Muschel
Details: An affiliate of Carlisle Corp. has paid $2.9 million for the recently closed Sharky’s Gulf Grill at 6201 Poplar Ave.

83. Carlisle Corp. Buys Sharky's Property -

An affiliate of Carlisle Corp. has paid $2.9 million for the recently closed Sharky’s Gulf Grill at 6201 Poplar Ave.

84. Addison at Collierville Owner Files $17 Million Loan -

400 Orchard Circle
Collierville, TN 38017
Loan Amount: $16.8 million

Loan Date: July 1, 2014
Maturity Date: July 1, 2021
Borrower: G&I VII Addison at Collierville LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 226-unit Addison at Collierville apartments at 400 Orchard Circle W. has filed a $16.8 million loan on the property.

85. ServiceMaster Completes Initial Public Offering -

ServiceMaster Global Holdings Inc. announced Tuesday, July 1, that it has completed its initial public offering of common stock at $17 a share.

86. ServiceMaster Completes Initial Public Offering -

ServiceMaster Global Holdings Inc. announced Tuesday, July 1, that it has completed its initial public offering of common stock at $17 a share.

87. ServiceMaster Completes Public Offering -

ServiceMaster Global Holdings Inc. announced Tuesday, July 1, that it has completed its initial public offering of common stock at $17 a share.

88. Cypress Realty Files $7 Million Construction Loan -

Cypress Realty Holdings Co. has filed a $7 million construction loan for a medical office building on Wolf River Boulevard in Germantown.

89. Hollingsworth Buys Mississippi Industrial Property -

The Hollingsworth Cos., which operates a prominent industrial development company with holdings across the South, has acquired an industrial building in Senatobia, Miss.

Clinton, Tenn.-based Hollingsworth recently acquired the 198,450-square-foot building at 795 Shands Bottom Road in Senatobia from BMW.

90. ServiceMaster Begins Trading on NYSE -

The parent company of Memphis-based ServiceMaster Co. LLC began trading on the New York Stock Exchange Thursday, June 26, in an initial public offering of its common stock.

The move to the market comes a day after ServiceMaster Global Holdings Inc. announced it was pricing the offering of 35.9 million shares at $17 per share. The pricing was below analysts’ estimates of $18 to $21 per share.

91. Somerset Apartments Sell for $2.5 Million -

An entity called Memphis Winset LLC has paid $2.5 million for the 496-unit Somerset Park Apartment Homes in Oakhaven.

92. Aren Investments Buys Winchester Haverty’s -

6870 Winchester Road
Memphis, TN 38115
Sale Amount: $1.1 million

Sale Date: June 2, 2014
Buyer: Aren Investments LLC
Seller: Kirsch Associates LP
Loan Amount: $850,000
Loan Date: June 2, 2014
Maturity Date: Nov. 15, 2015
Lender: BancorpSouth Bank
Details: Local real estate investment firm Aren Investments LLC has paid $1.1 million for the Haverty’s furniture store at 6870 Winchester Road in Hickory Hill.

93. Shops of Wolflake Sells for $3.8 Million -

2965 N. Germantown Road
Bartlett, TN 38133
Sale Amount: $3.8 million

Sale Date: May 20, 2014
Buyer: Bartlett Interests LLC
Seller: Pref Wolflake Partners GP
Details: The Shops of Wolflake retail strip center at 2965 N. Germantown Road in Bartlett has sold for $3.8 million.

94. Life Church Buys Victory Campus for $4.4 Million -

255 N. Highland St.
Memphis, TN 38111
Sale Amount: $4.4 million

Sale Date: May 2, 2014
Buyer: The Life Church of Memphis Inc.
Seller: SignificantPsychology LLC
Loan Amount: $3.8 million
Loan Date: May 2, 2014
Maturity Date: May 5, 2019
Lender: Triumph Bank
Details: The Life Church of Memphis has paid $4.4 million for the former Victory University campus at 255 N. Highland St.

95. Hedgemoor Square Sells for $3.6 Million -

375 N. Graham St.
Memphis, TN 38117
Sale Amount: $3.6 million

Sale Date: April 30, 2014
Buyer: Summit Hedgemoor Square Apartments LLC
Seller: Hedgemoor Square Apartments GP
Loan Amount: $2.7 million
Loan Date: April 30, 2014
Maturity Date: N/A
Lender: Pulaski Bank

96. Carnival Memphis Celebrates Trucking Industry -

Trucking industry representatives and employees packed the spacious Tennessee Ballroom at Hilton Memphis, the gleaming glass hotel in East Memphis, for Carnival Memphis’ salute to the trucking industry.

97. Eastgate Set for Possible Makeover -

A venerable shopping center in East Memphis could be getting a significant makeover, according to a recent retail market report from CB Richard Ellis Memphis.

Eastgate Center LLC, the owner of Eastgate Shopping Center at Park Avenue and White Station Road in East Memphis, could make significant aesthetic improvements to the retail center beginning this year.

98. ServiceMaster Files for IPO -

ServiceMaster Global Holdings Inc., the parent company of The ServiceMaster Co., announced Monday, March 24, it has filed with the U.S. Securities and Exchange Commission for an initial public offering of its common stock.

99. Tripp Logistics Renews Nonconnah Corporate Center Lease -

Shawn Glemser, founder and owner of Tripp Logistics, a locally owned and operated logistics and transportation company, has renewed his lease at Nonconnah Corporate Center. Elliot Embry and Hank Martin of NAI Saig Co. represented the landlord, Nonconnah Holdings LLC.

100. ServiceMaster Files for IPO -

ServiceMaster Global Holdings Inc., the parent company of The ServiceMaster Co., announced Monday, March 24, it has filed with the U.S. Securities and Exchange Commission for an initial public offering of its common stock.