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Editorial Results (free)

1. Ikea Memphis Will Seek PILOT Incentives -

The new Ikea Memphis store to open in the fall of 2016 will seek tax incentives from the board of the Economic Development Growth Engine, according to Memphis Mayor A C Wharton Jr.

Wharton didn’t disclose details of the request for payments-in-lieu-of-taxes – or a PILOT agreement – but said it would be filed shortly with EDGE.

2. Ikea to Open Memphis Store in Fall 2016 -

The new Ikea Memphis store to open in the fall of 2016 will seek tax incentives from the board of the Economic Development Growth Engine, according to Memphis Mayor A C Wharton Jr.

Wharton didn’t disclose details of the request for payments-in-lieu-of-taxes – or a PILOT agreement – but said it would be filed shortly with EDGE.

3. Tanger Outlets Involved in Southaven Project -

A major player in the development of outlet malls has jumped on board the long-planned effort to build a massive outlet mall in Southaven.

Tanger Outlets, which has a portfolio of 44 outlet centers in 26 markets in the U.S. and Canada, is now involved in the effort to build The Outlet Shops of the Mid-South at Interstate 55 and Church Road in Southaven.

4. This week in Memphis history: December 12-18 -

2013: The city of Memphis was preparing to take day-to-day control of the Beale Street Entertainment District with the court settlement marking the formal exit of Performa Entertainment, the developer and manager of the district since its reopening in 1983. Memphis Mayor A C Wharton Jr. announced the Downtown Memphis Commission would run the district until a new developer and manager could be selected by the city and a future direction agreed on. The DMC continues to run the district a year later.

5. Goat Milk and Smart Marketing -

Maybe it was that last Facebook post that put them over the top. Or, maybe it was the #voteforgoats hashtag.

Little Seed Farm’s goats aren’t telling, but they do look a bit smug.

The goats, along with Little Seed Farm owners James and Eileen Ray, recently pulled in a cool $25,000 by snagging the top spot in furnishing retailer west elm’s, “We Love LOCAL Small Business’’ grant contest.

6. New Industrial Market Takes Hold in Marshall, Fayette Counties -

In November, Volvo began operations at its new parts distribution center in Marshall County, Miss.

The 1 million-square-foot distribution center inside Panattoni Development Co.’s Gateway Global Logistics Center is the centerpiece of the company’s streamlined North American parts distribution network and helped solidify the Marshall County and Fayette County, Tenn., region as a major player in local industrial real estate.

7. Competition, Cooperation Part of Regionalism Mix -

When a group of mayors with common borders get together, it is usually a sympathetic gathering of chief executives where there is much comparing of notes.

The items range from sewer projects and common problems to relationships with legislative bodies from aldermen to council members.

8. Council to Weigh Next Moves on Beale -

A Beale Street Tourism Development Authority with a nine-member appointed board would oversee the development and management of the entertainment district under the terms of a 13-page resolution that goes to the Memphis City Council this week for discussion.

9. Shelby County Commercial Sales Dip in October -

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

10. Target Bringing 400-Job Project to Memphis -

Memphis is poised to land hundreds of new jobs and retain several hundred more. Target will seek incentives from Memphis and Shelby County as early as next week for an online fulfillment center that will create over 400 new jobs.

11. Milhaus Acquires Highland Row Property -

44 S. Highland St.; 366, 374 and 380 Ellsworth St.
Memphis, TN 38111
Sale Amount: $4.3 million

12. Highland Row Developer Acquires 13 Acres -

Indianapolis-based developer Milhaus Ventures has acquired several vacant parcels for the long-awaited Highland Row project near the University of Memphis for $4.3 million.

Milhaus, operating as Highland Row LLC, acquired the properties at 443 S. Highland St. and 366, 374 and 380 Ellsworth St. from Worthington Hyde Partners, operating as Highland Row Land Partners LLC, according to a Nov. 26 warranty deed.

13. Graceland Plan Highlights Blurred Lines in Financing -

There are private funds and public funds. And when a private project has the potential to up the tax revenue taken in by local and state governments, that money enters a middle ground between the two.

14. Council Embraces New Pension 'Concept' -

Memphis City Council members are still weighing their options on pension plan changes after another alternative emerged Tuesday, Dec. 2, and the “concept” got eight votes on the council.

15. Highland Row Developer Acquires 13 Acres -

Indianapolis-based developer Milhaus Ventures has acquired several vacant parcels for the long-awaited Highland Row project near the University of Memphis for $4.3 million.

Milhaus, operating as Highland Row LLC, acquired the properties at 443 S. Highland St. and 366, 374 and 380 Ellsworth St. from Worthington Hyde Partners, operating as Highland Row Land Partners LLC, according to a Nov. 26 warranty deed.

16. Bass Pro Shops Preparing to Build Bowling Alley -

1 A.W. Willis Ave.
Memphis, TN 38103
Permit Amount: $600,000

Application Date: November 2014
Completion: May 2015
Owner: Bass Pro Shops
Tenant: Bass Pro Shops
Architect: OT Marshall Architects
Details: Bass Pro Shops is preparing to install a bowling alley inside The Pyramid.

17. Highland Row Developer Acquires 13 Acres -

Indianapolis-based developer Milhaus Ventures has acquired several vacant parcels for the long-awaited Highland Row project near the University of Memphis for $4.3 million.

Milhaus, operating as Highland Row LLC, acquired the properties at 443 S. Highland St. and 366, 374 and 380 Ellsworth St. from Worthington Hyde Partners, operating as Highland Row Land Partners LLC, according to a Nov. 26 warranty deed.

18. New Alliance Focuses on Workforce Development -

Memphis and Shelby County are prioritizing workforce development and creating a pipeline that will deliver trained employees to local companies.

The goal is to align educational offerings with the current and future needs of employers.

19. New Alliance Prioritizes Workforce Development -

Memphis and Shelby County are prioritizing workforce development and creating a pipeline that will deliver trained employees to local companies.

The goal is to align educational offerings with the current and future needs of employers.

20. 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.

21. More at Moore -

The large old trees on its campus and the large paned windows of its brick buildings indicate the William R. Moore College of Technology has been around for a while.

It was the idea of William R. Moore, a dry goods wholesaler, who left a $500,000 endowment to fund the institution following his death in 1909.

22. Nike Inc. Applies For $2M Building Permit -

Nike Inc. has applied for a $2 million building permit through the city-county Office of Construction Code Enforcement for additions to its distribution center at 3100 New Frayser Blvd.

23. Moore Tech Awakens -

The large old trees on its campus and the paned windows of its brick buildings indicate the William R. Moore College of Technology has been around for a while.

It was the idea of William R. Moore, a dry goods wholesaler, who left a $500,000 endowment to fund the institution following his death in 1909.

24. November 21-27: This week in Memphis history -

2013: The last in a series of 11 elections in Shelby County in three months. Memphis voters defeated a sales tax hike for prekindergarten and Democrat Raumesh Akbari was elected to the District 91 state House seat.

25. Adelman, Gibson Lease New Daisy Theater -

The California nightclub developer taking on the old Club Crave on Beale Street and the Memphis businessman who was a driving force behind the new Hattiloo Theater location in Overton Square are the new owners of Beale Street’s longest-running showcase music venue, The New Daisy Theater.

26. Nike Applies for $2 Million Building Permit -

Nike Inc. has applied for a $2 million building permit through the city-county Office of Construction Code Enforcement for additions to its distribution center at 3100 New Frayser Blvd.

27. 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.

28. Hillwood to Launch Two Spec Buildings in DeSoto County -

A Texas-based development firm will start turning dirt soon on a massive new business park in DeSoto County.

Hillwood Investment Properties is expected to begin site work in around 30 days on Legacy Park, a 266-acre distribution and business park on the south side of Goodman Road, just east of Hacks Cross Road near Polk Lane.

29. Highland Row Developer Applies for $6.7 Million Permit -

387 S. Highland St.
Memphis, TN 38111
Permit Amount: $6.7 million

Project Cost: $61 million
Application Date: November 2014
Engineer: Jordan & Skala Engineers
Details: Indianapolis-based developer Milhaus Ventures has applied for another building permit for the long-awaited Highland Row project near the University of Memphis.

30. New Lawmakers Trace Likely Abortion Legislation -

The two newest state legislators from Shelby County say they hope to find ways to work across party lines and even with the Shelby County Commission and the Memphis City Council.

“We may not be in the majority, but there is a lot we can do,” said incoming state Sen. Sara Kyle, who will be one of five Democrats in the 33-member Senate when next year’s legislative session in Nashville begins.

31. Harahan Boardwalk Construction Begins -

It was about four years ago that a group of Memphians flew to Omaha, Neb., to talk with Union Pacific railroad executives about building a bicycle and pedestrian boardwalk on the northern side of the Harahan Railroad Bridge across the Mississippi River.

32. Nike Applies for Building Permits -

Nike Inc. has applied for two building permits totaling $691,600 through the city-county Office of Construction Code Enforcement for additions to its distribution center at 3100 New Frayser Blvd.

33. Nike Applies for Building Permits -

Nike Inc. has applied for two building permits totaling $691,600 through the city-county Office of Construction Code Enforcement for additions to its distribution center at 3100 New Frayser Blvd.

34. 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.

35. Council Votes Down Whitehaven Car Lot -

The Memphis City Council voted down Tuesday, Nov. 4, the move of a used car lot on land owned by Graceland to a lot further north on Elvis Presley Boulevard near the new 450-room resort-style hotel Elvis Presley Enterprises is building.

36. Council Votes Down Elvis Presley Boulevard Car Lot -

The Memphis City Council voted down Tuesday, Nov. 4, the move of a used car lot on land owned by Graceland to a lot further north on Elvis Presley Boulevard near the new 450-room resort style hotel Elvis Presley Enterprises is building.

37. Local Golf Courses Change Hands, Undergo Improvements -

Mirimichi is a Native American word that means “place of happy retreat.”

Now that global entertainment icon Justin Timberlake and his family have sold their happy local retreat, Mirimichi Golf Course, to a local group for $500,000, the new owners have an opportunity to increase the number of holes and tournaments played at the course, which underwent a massive $16 million renovation.

38. Council to Vote on New Pension Proposal -

Memphis City Council members start all over Tuesday, Nov. 4, in their votes on pension reforms.

A pair of ordinances representing a revised pension proposal by Memphis Mayor A C Wharton Jr. are on Tuesday’s agenda for the first of three readings. They replace another set of ordinances that had been set for final votes at the last council meeting in October.

39. Turner Looks to Increase Professional Advancement in Commercial Real Estate -

Bob Turner has a diverse background in real estate, including long stints in both residential and commercial development.

40. Achievement Schools Opposition Finds Frustration -

Charter school operators who are being considered for the next round of schools entering the state-run Achievement School District are facing the most organized opposition effort in the three-year history of the district in Memphis.

41. CWCapital Sheds Willow Lake Buildings -

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

42. Schools, Development Dominate Germantown Races -

Germantown will have a new mayor once all of the votes are counted Nov. 4 in the city’s municipal elections on the ballot.

But the race between former Germantown Community Services director George Brogdon and alderman Mike Palazzolo likely won’t completely settle the community’s discussion and debate about development and the future of the Germantown Municipal Schools district.

43. Grizzlies Part of Crowded Western Conference Race -

Calling it the Wild West just doesn't do it justice anymore.

The NBA's Western Conference is brutal. It's loaded with talent. And the eight teams that make it through a gruelingly competitive regular season to reach the playoffs will only find slugging their way to the NBA Finals even more daunting.

44. This week in Memphis history: October 24-30 -

2009: Former Memphis Mayor Willie Herenton said he had received a “target” letter from federal prosecutors indicating he was the target of a federal investigation into an option he had on the land where the Greyhound bus terminal then stood. Ultimately the investigation went nowhere.

45. Hilton Data Center, Land Sold For $3.7 million -

The Hilton Data Center building in Memphis and 4.3 acres of vacant land have been sold for $3.7 million.

HLT Memphis Data LLC, which is affiliated with Hilton Hotels Corp., sold the 35,000-square-foot mixed-use office building and vacant land to F9 Memphis LLC, according to an Oct. 22 warranty deed. The buyer, F9 Memphis LLC, is affiliated with Charlotte, N.C.-based Niagra Ventures, according to public records. Niagra Ventures’ website said the company broadened its portfolio of industrial and manufacturing products into the data center asset sector in 2008.

46. Marine Hospital, I-55 Roundabout Draw Interest -

The public’s first opportunity to get a look at the old U.S. Marine Hospital by Chickasaw Heritage Park earlier this year included a chance to walk around the old set of buildings and the grounds overlooking the Mississippi River.

47. Nike Inc. Applies For $1.9 million Building Permit -

Nike Inc. has applied for a $1.9 million building permit with the city-county Office of Construction Code Enforcement for additions to its distribution center at 3100 New Frayser Blvd.

48. London Pipeline -

In the background stands the Palace of Westminster. Or the House of Lords and the House of Commons, if you prefer. In the foreground, a London taxi bears the word “Memphis” in big white letters across a door, the “I” replaced by a red guitar.

49. Council Considers Car Lot By New Graceland Hotel -

The Memphis City Council takes up a special use permit Tuesday, Oct. 21, to allow a used car lot at 3510 Elvis Presley Blvd., south of Winchester Road, by Babak Makki.

50. Sprouts Farmers Market Applies for Building Permit -

3150 Village Shops Drive
Germantown, TN 38138

Project Cost: $1.5 million

Applied: Oct. 14, 2014

51. Recruiter’s Career Twist -

Ask Janet Miller about her remarkable career at the Nashville Area Chamber of Commerce and she’ll likely attribute it to good timing or pass credit onto others.

52. This week in Memphis history: October 17-23 -

2013: Standing at the corner of Farrington Street and Hollowell Avenue in Riverside, District Attorney General Amy Weirich announced the city’s first no gang zone aimed at the Riverside Rolling 90s Crips gang.

53. Commission Moves Past First Partisan Divide -

As quickly as it surfaced, the Shelby County Commission’s first partisan divide of their term of office appeared to subside Monday, Oct. 13.

With little discussion, commissioners approved chairman Justin Ford’s slate of committee assignments for the next year.

54. Commission Approves Committee Slate -

With very little discussion, Shelby County Commissioners approved Monday, Oct. 13, chairman Justin Ford’s slate of committee assignments for the next year.

55. Acura of Memphis Owner Buys Dealership, Land -

2611 Ridgeway Road, 6055-6085 Acura Cove
Memphis, TN 38119
Sale Amount: $12.4 million

56. Three Companies Seek PILOTs for Projects -

Three companies – including a wing of Memphis-based FedEx – are considering investing more than $25 million in Memphis for new distribution operations that would create 272 new jobs.

“It's always good to see FedEx expanding and the other two projects appear to be new to Memphis,” said Kemp Conrad, principal of Cushman & Wakefield/Commercial Advisors. “This balanced growth is encouraging and we expect more good news later in the fourth quarter."

57. The Horizon Sells to Mississippi Developer for $13.5 Million -

A Mississippi-based developer has acquired the uncompleted Horizon condominium tower overlooking the Mississippi River in Downtown.

Dawn Properties Inc. of Hattiesburg, which is primarily involved in the acquisition, development and management of multifamily properties, has purchased the 16-story, 155-unit tower for $13.5 million and plans on completing the luxury condominiums.

58. Commission’s First Partisan Challenge Lingers -

Shelby County Commissioners appeared last week to be on the way to putting behind them their first political controversy of their term of office.

Six of the seven Democratic commissioners along with Republican commissioner Steve Basar voted last month to delay the slate of committee assignments made by new chairman Justin Ford.

59. Acura of Memphis Owner Buys Dealership, Land -

The owner of Acura of Memphis has paid $12.4 million for the East Memphis dealership and 25 acres of land.

Umansky Properties AOM LLC – led by Danny Umansky of Umansky Auto Group, which includes Acura of Memphis, Acura of Jackson, Tenn., and Wolfchase Hyundai – bought the properties in an Oct. 1 warranty deed from Tameron Properties Memphis LLC.

60. Central Centennial -

Central Station is 100 years old, an age that most train stations never reach. And if they do, they get there with some really harrowing years in mid-life.

The landmark at South Main Street and G.E. Patterson Drive marked its centennial this month with hundreds of people taking a look around the now recovered and renovated station as well as Amtrak trains and Canadian National railroad locomotives on the tracks that run by the station.

61. 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.

62. All Shook Up -

FedEx founder, chairman and chief executive officer Frederick W. Smith penned a memo in 1987 outlining his desire for the Memphis-based shipping giant to develop ways to assist customers in shipping their packages, including making sure packages arrived undamaged.

63. 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.

64. Acura of Memphis Owner Buys Dealership, Land -

The owner of Acura of Memphis has paid $12.4 million for the East Memphis dealership and 25 acres of land.

Umansky Properties AOM LLC – led by Danny Umansky of Umansky Auto Group, which includes Acura of Memphis, Acura of Jackson, Tenn., and Wolfchase Hyundai – bought the properties in an Oct. 1 warranty deed from Tameron Properties Memphis LLC.

65. McNeill Seeks Permits for Germantown Medical Offices -

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

66. Accredo Health Adding 50 Jobs in Memphis -

Accredo Health Group Inc. will add dozens of jobs in Memphis by the end of 2014.

Accredo, a subsidiary of Express Scripts Holding Co. that has around 1,500 jobs locally, will add 50 new jobs at its Century Center campus in Memphis by the end of the year.

67. Parting Thoughts -

Wade Bolton had a lot on his mind when he drafted his will in 1868.

Most of it had to do with a violent feud between his family and the Dickins family in which he was ultimately one of the victims of the violence – shot and fatally wounded in Court Square, less than a year after writing the will.

68. Editorial: Hotel Growth Part of City’s Story -

We seem to have settled the chicken-and-egg argument about more hotel rooms in Memphis.

And with financing now available, here come the rooms and with them opportunities beyond the question about which comes first – hotel rooms or more conference and meeting space.

69. Olive Branch Business Park Closer to Development -

A Texas-based development firm could start turning dirt soon on a massive new business park in Olive Branch.

Hillwood Investment Properties is expected to close on a land purchase next week that will clear the way for Legacy Park, a 265-acre distribution and business park on the south side of Goodman Road, just east of Hacks Cross Road near Polk Lane.

70. Fieldstone Apartments Owner Files Loan -

The owner of the 324-unit Fieldstone Apartments in the Southwind area has filed a loan on the property.

Fieldstone Apartments I LLC acquired a $13.5 million loan from Magna Bank for the apartment community at 3333 Hacks Cross Road, according to a Sept. 29 multifamily deed of trust. Michael A. Lightman is the registered agent for Fieldstone Apartments I LLC.

71. FedEx Delivers Service to Memphis Causes -

Robin Hicks, communications adviser for FedEx Trade Networks, arrived at the Lucius Burch Natural Area at Shelby Farms Park last week and made her way through the vegetation to the Wolf River.

72. Accredo Health Adding 50 Jobs in Memphis -

Accredo Health Group Inc. will add dozens of jobs in Memphis by the end of 2014.

Accredo, a subsidiary of Express Scripts Holding Co. that has around 1,500 jobs locally, will add 50 new jobs at its Century Center campus in Memphis by the end of the year.

73. Accredo Adding 50 Jobs in Memphis -

Accredo Health Group Inc. will add dozens of jobs in Memphis by the end of 2014.

Accredo, a subsidiary of Express Scripts Holding Co. that has around 1,500 jobs locally, will add 50 new jobs at its Century Center campus in Memphis by the end of the year.

74. 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.

75. Real Estate Experts Look at Impact of North Mississippi -

Six years after the real estate bubble burst nationally, the recovery of the commercial and residential sectors in Memphis is slower than in other parts of the country. But they are recovering on their own new terms, say the incoming president of the Memphis Area Association of Realtors, the president of the West Tennessee Home Builders Association and a mortgage lender.

76. Century Center Land Sold for $1.5 Million -

A group affiliated with Memphis-based Boyle Investment Co. has sold a large chunk of vacant land on Whitten Road near Interstate 40.

77. RiverFit Activities Planned for Saturday -

Several activities are planned at the Memphis Grizzlies Riverfront Fitness Trail and Pop-Up Park at Tom Lee Park this weekend.

78. Century Center Land Sells for $1.5 Million -

A group affiliated with Memphis-based Boyle Investment Co. has sold a large chunk of vacant land on Whitten Road near Interstate 40.

79. Singing Mechanic’s Life Much Like the Songs He Sings -

The Singing Mechanic – “I’ve got that name. Nobody else can use it,” says Billy Devereaux – sits by his worn, 1,200-square-foot, two-room cottage and looks down at Boots, his Dutch Shepherd.

“He’s a possum killer and he runs security,” says Billy, 55, gazing across the swath of remote land separated by a long gravel trail from Smith Springs Road in Antioch.

80. Airport Authority Approves RedRover Contract -

Memphis International Airport should have a new team of storytellers on board.

The Memphis-Shelby County Airport Authority board voted Thursday, Sept. 18, to engage Memphis-based RedRover Co. LLC to help craft a multi-platform communications and image campaign for Memphis International, which is transitioning from a Delta Airlines hub to an origin-and-destination airport.

81. Southern Airways Moving Hub to Memphis International -

Southern Airways Express is moving its primary hub from Olive Branch Airport in DeSoto County to a private terminal located at Memphis International Airport.

The move, announced Tuesday, Sept. 16, will be effective Oct. 1 and is the result of customer needs and a recently completed deal with Signature Flight Support.

82. Plans for Site of Closing International Paper Mill are Uncertain -

COURTLAND, Ala. (AP) – A year after International Paper announced that it would close a north Alabama mill because of declining demand, there's much uncertainty about the site's future.

83. Dedric Lawson Joining Tigers a Year Early -

Dedric Lawson, a 6-foot-8 forward, has said he will reclassify and come to the University of Memphis in 2015 instead of 2016, according to an ESPN.com report.

84. Real Estate Road Show on Tap Wednesday -

The next Shelby County Real Estate Road Show to promote Shelby County’s Tax Sale and Land Bank will be Wednesday, Sept. 10.

85. 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.

86. Bloodworth: Greenways Increasing Residential Values -

The Memphis region’s existing 50 miles of greenways, paths and trails are responsible for some increase in property values, particularly residential property, says Rusty Bloodworth, vice president of Boyle Investment Co. and past chairman of the Urban Land Institute’s Memphis chapter.

87. Sale-Leaseback Transactions Explained -

Many free-standing retail buildings are leased as a result of a “sale-leaseback,” when a retail company performs their own store development function.

What does sale-leaseback mean?

88. Stepherson Named Chair-Elect of Grocers Association -

Randy Stepherson has been named 2014-2015 chairman-elect of the Tennessee Grocers & Convenience Store Association board of directors. Stepherson is president of Stepherson Inc., the family- and employee-owned parent company of Superlo Foods, which has five Memphis-area locations, and Stepherson’s.

89. FedEx Building New Distribution Center in Louisiana -

COVINGTON, La. (AP) – Land is being cleared in St. Tammany Parish for a 175,000 square-foot distribution center for Federal Express.

Parish Economic Development Director Don Shea tells The Times-Picayune construction is expected to begin this fall and take about 15 months.

90. Council to Review Alternative Health Plan -

Memphis City Council members Tuesday, Sept. 2, talk over a proposed high-deductible health insurance plan that would restore health benefits for city employees and retirees.

The 1:30 p.m. executive session discussion by the full council is the first since the leaders of the Memphis Fire Fighters Association pitched the plan at a health insurance oversight committee session in July.

91. Greenprint Advocates Tout Range of Benefits -

After being lampooned for years as one of the worst metro areas in the country for bicyclists and pedestrians, the Memphis region is poised to make a huge leap forward in developing a regional greenway and trail system.

92. Macon Homes Complex Sells for $800,000 -

500 N. Claybrook St.
Memphis, TN 38104
Sale Amount: $800,000

Sale Date: Aug. 20, 2014
Buyer: Crosstown Macon Homes LLC
Seller: Macon Homes
Details: The 24-unit Macon Homes section 8 apartment complex at 500 N. Claybrook St. in Midtown has sold for $800,000.

93. Memphis Multifamily Sector on Firm Ground -

It was 2008 and Memphis-based Makowsky Ringel Greenberg had just acquired a swath of property inside Boyle Investment Co.’s master planned Schilling Farms community in Collierville for a new multifamily development.

94. Bull Market -

From his office on the 21st floor of the Raymond James tower Downtown, John C. Carson Jr. has a sweeping view of the Mississippi River as it rolls by the Bluff City.

95. Tennessee Now Seeks to Renovate Cordell Hull Building -

NASHVILLE (AP) – Gov. Bill Haslam's administration is backing off earlier plans to demolish the 60-year-old Cordell Hull office building located next to the state Capitol in Nashville and instead hopes to renovate it.

96. Circle K Files Permit for Winchester Store -

Circle K Stores has filed a $1.1 million permit with the city-county Office of Construction Code Enforcement for a store at 9113 Winchester Road in Germantown.

97. Slogan Sets Bar High for Tigers -

Senior running back Brandon Hayes knows the Tigers were “close” in a lot of games last season, even though the final result was a 3-9 record.

98. Graceland Manager Maps Global Outposts -

The recession and changes over the last nine years in the companies owning 85 percent of Elvis Presley Enterprises played a role in delaying plans for the expansion of Graceland into a 120-acre campus in Whitehaven.

99. Doug Carpenter & Associates Still Growing Four Years On -

Even before her recent graduation from the University of Texas at Austin, Cara Greenstein had been keeping an eye on her hometown of Memphis, paying attention to job opportunities, looking for the right place to land.

100. August 15-21: This week in Memphis history -

2013: Norah Jones was a surprise guest at a Levitt Shell concert by Cory Chisel and the Wild Rovers Tour.

1984: The Center City Commission reported $450 million in construction Downtown since 1976, counting public as well as private financing. The construction boom included the Memphis Plaza Hotel, Morgan Keegan Tower and the Scimitar Building.