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Editorial Results (free)

1. Lawyer Working to Resolve Bartlett Cemetery Owner's Case -

MEMPHIS, Tenn. (AP) – The lawyer for a West Tennessee cemetery owner charged with mishandling burials said Friday he is working to resolve the case.

Jemar Lambert, owner of Galilee Memorial Gardens in the Memphis suburb of Bartlett, made a brief appearance in Shelby County Criminal Court on a 2013 theft of property charge accusing him of selling burial plots on adjoining land not owned by the cemetery.

2. EDGE Approves Ikea Incentives -

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

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

3. EDGE Approves Incentives for Memphis Ikea Store -

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

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

4. Community Building -

Almost three years ago, former elementary school art teacher Erin Harris saw a video about children in Memphis who were working with an artist to start a sculpture garden. She still recalls the happy sight of a few boys in the video throwing balloons filled with paint at an old fence, as well as the reaction the footage generated from her.

5. Morris: Public Transit Tops Downtown Goals -

A stronger and more vital public transportation presence in Downtown and a plan for development of land south of Central Station are two priorities of the Downtown Memphis Commission for the coming year.

6. Executive Inn Demolition Long Time Coming -

The old Executive Inn hotel on Airways Boulevard where Brooks Road dead ends is the latest problem vacant property to be demolished and touted by Memphis Mayor A C Wharton Jr. as another step in his administration’s anti-blight effort.

7. Proposed Lakeland Prep Site Considered -

The proposed site for the new Lakeland Prep school is 94 acres of land north of U.S. 70, east of Canada Road.

Members of the Lakeland School System board got their first look at the details Monday, Jan. 5, during a school board work session in which the site was recommended by Southern Educational Strategies LLC, a consultant to the school system on the matter.

8. The Preserve at Southwind Sells for $28 Million -

7991 Capilano Drive
Memphis, TN 38125
Sale Amount: $28 million

Sale Date: Dec. 22, 2014
Buyer: Southwind Apartments LP
Seller: G&I VII Preserve at Southwind Apartments LP
Loan Amount: $18 million
Loan Date: Dec. 18, 2014
Maturity Date: Oct. 31, 2020
Lender: Jackson National Life Insurance Co.
Details: A team that includes Memphis-based Foegelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

9. Council to Vote on Beale Street Tourism Authority -

Memphis City Council members vote Tuesday, Jan. 6, on the creation of a Beale Street Tourism Development Authority to oversee the future of the entertainment district.

The proposal by Memphis Mayor A C Wharton Jr. sets up a nine-member body appointed by the mayor and confirmed by the City Council to issue bonds for construction projects in the district, levy fees to pay off the debt and to make lease agreements with tenants.

10. REIT Sells Three Memphis Properties for $7.2 Million -

A Texas-based real estate investment trust has sold three Memphis properties for $7.2 million.

Cobalt Industrial REIT II, an affiliate of Cobalt Capital Partners, has sold the properties at 4366, 4406 and 4436 Malone Road to Colfin Cobalt I-II Owner LLC, an affiliate of Santa Monica, Calif.-based Colony Financial Inc., according to a Dec. 18 special warranty deed.

11. REIT Buys Distribution Center for $14.5 Million -

A large distribution center in Southeast Memphis has traded hands for $14.5 million, and it’s another out-of-state real estate investment trust doing the buying.

Crown Memphis Associates LLC sold the distribution center at 4836 Hickory Hill Road to SIR Properties Trust, an affiliate of Massachusetts-based Select Income REIT, according to a Dec. 23 warranty deed. Select Income REIT primarily owns properties that are net leased to single tenants. Around 35 percent of SIR’s rents are from land the company owns in Hawaii that is under long term lease to clients with the remaining revenues coming from single-tenant office and industrial properties across the U.S.

12. REIT Buys Distribution Center for $14.5 Million -

A large distribution center in Southeast Memphis has traded hands for $14.5 million, and it’s another out-of-state real estate investment trust doing the buying.

Crown Memphis Associates LLC sold the distribution center at 4836 Hickory Hill Road to SIR Properties Trust, an affiliate of Massachusetts-based Select Income REIT, according to a Dec. 23 warranty deed. Select Income REIT primarily owns properties that are net leased to single tenants. Around 35 percent of SIR’s rents are from land the company owns in Hawaii that is under long term lease to clients with the remaining revenues coming from single-tenant office and industrial properties across the U.S.

13. REIT Sells Three Memphis Properties for $7.2 Million -

A Texas-based real estate investment trust has sold three Memphis properties for $7.2 million.

Cobalt Industrial REIT II, an affiliate of Cobalt Capital Partners, has sold the properties at 4366, 4406 and 4436 Malone Road to Colfin Cobalt I-II Owner LLC, an affiliate of Santa Monica, Calif.-based Colony Financial Inc., according to a Dec. 18 special warranty deed.

14. Four Transformational Sales Resolutions -

Change is hard for most people, but only through change can we grow. The New Year is the perfect time to take a hard look at what worked in your sales approach and what didn’t deliver for you in 2014, to break ineffective sales habits, and to resolve to adjust your approach. 

15. Shelby County Homebuilding Activity Continues to Slow -

Homebuilding in Shelby County was off last year’s pace again in November, with builders pulling fewer permits and selling fewer homes than in November 2013.

Shelby County homebuilders filed 43 permits last month, down 29.5 percent from 61 permits in November 2013, according to real estate information company Chandler Reports, www.chandlerreports.com. The 43 permits filed in November is down 31.7 percent from the 63 permits filed in October.

16. New TVA Board Members Sworn In -

KNOXVILLE, Tenn. (AP) – The nation's largest public utility has sworn in two new board members.

The Tennessee Valley Authority recently swore in Virginia Lodge of Nashville and Ronald Walter of Memphis. They are filling the seats of board members Barbara Haskew and Bill Sansom, whose terms expired in May.

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

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

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

18. Retailers Setting Eyes on Memphis -

The Memphis-area retail sector, fueled by several new retailers entering the market and a massive amount of grocery-based activity, experienced a strong 2014.

Grocery store activity came into full bloom this year, with market leader Kroger investing heavily in its stores and higher-end, organic-focused chains targeting the market for growth.

19. Owner Files $6.1M Loan on Former Cozymel’s Site -

A company affiliated with Robert F. Fogelman II has filed a loan on a key piece of East Memphis property.

Crown Centre LLC filed a $6.1 million loan with Financial Federal Bank for the old Cozymel’s Mexican Grill location at 6450 Poplar Ave. near International Paper’s campus in East Memphis, according to a Dec. 17 deed of trust.

20. Memphis Resolutions -

The end of the year hastens a season of resolutions about the year ahead, resolutions about what to include on the blank canvas of a new year.

No matter who you are, the road to 2015 starts at the same place – through the experience of 2014. With that in mind, we surveyed many of the people we’ve covered in these pages in the last year to talk about the possibilities ahead.

21. Owner Files $6.1 Million Loan on Former Cozymel's Site -

A company affiliated with Robert F. Fogelman II has filed a loan on a key piece of East Memphis property.

Crown Centre LLC filed a $6.1 million loan with Financial Federal Bank for the old Cozymel’s Mexican Grill location at 6450 Poplar Ave. near International Paper’s campus in East Memphis, according to a Dec. 17 deed of trust.

22. Grassroots Growth -

In 2007, Greg Spillyards was part of a team at CB Richard Ellis Memphis tasked with reviving the dog-eared Bellbrook Industrial Park.

The project struck close to Spillyards’ heart.

Born in Pine Bluff Ark., and raised in Memphis, Spillyards originally entered the world of commercial real estate to help transform communities from the ground up, the kind of effort that restoring Bellbrook would take.

23. This week in Memphis history: December 19-25 -

2009: On the front page of The Daily News, the Metro Charter Commission, drafting a proposed charter for a consolidated Memphis-Shelby County government made an early decision in its draft that their proposal would not include a consolidation of Memphis City Schools and Shelby County Schools.
It was the first decision on a charter issue by the group since it was formed that October. The reasoning was to sidestep what was judged to be the most controversial part of any consolidation. Nevertheless, the proposed charter was still crushed in the referendum that followed in the county outside Memphis and it only narrowly passed in the city of Memphis. The charter had to win approval in both to consolidate.

24. 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.

25. 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.

26. 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.

27. 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.

28. 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.

29. 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.

30. 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.

31. 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.

32. 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.

33. 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.

34. Milhaus Acquires Highland Row Property -

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

35. 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.

36. 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.

37. 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.

38. 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.

39. 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.

40. 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.

41. 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.

42. 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.

43. 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.

44. 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.

45. 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.

46. 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.

47. 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.

48. 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.

49. 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.

50. 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.

51. 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.

52. 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.

53. 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.

54. 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.

55. 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.

56. 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.

57. 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.

58. 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.

59. 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.

60. 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.

61. 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.

62. 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.

63. 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.

64. CWCapital Sheds Willow Lake Buildings -

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

65. 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.

66. 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.

67. 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.

68. 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.

69. 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.

70. 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.

71. 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.

72. 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.

73. Sprouts Farmers Market Applies for Building Permit -

3150 Village Shops Drive
Germantown, TN 38138

Project Cost: $1.5 million

Applied: Oct. 14, 2014

74. 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.

75. 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.

76. 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.

77. 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.

78. Acura of Memphis Owner Buys Dealership, Land -

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

79. 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."

80. 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.

81. 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.

82. 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.

83. 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.

84. 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.

85. 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.

86. 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.

87. 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.

88. McNeill Seeks Permits for Germantown Medical Offices -

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

89. 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.

90. 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.

91. 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.

92. 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.

93. 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.

94. 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.

95. 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.

96. 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.

97. 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.

98. 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.

99. 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.

100. 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.