164 Union Ave.

Memphis, TN 38103

Sale Amount: $3.2 million

Sale Date: Dec. 5, 2012

2. Roberts Benchmark Hotel on Union Sells for $3.2 Million - Wednesday, December 19, 2012

A Nashville investor has paid $3.2 million for the 120-room Roberts Benchmark Hotel at 164 Union Ave. in Downtown.

3. Soccer Effect - Tuesday, October 09, 2012

Like so many good ideas, the one for the Mike Rose Soccer Complex had buy-in from several quarters.

The late John C. Talley developed the business plan. Then Shelby County Mayor Jim Rout supported the concept.

4. French Quarter’s New Owners Meet With Residents - Friday, February 03, 2012

Two new local owners are under contract to buy and convert the former French Quarter Suites Hotel in Midtown’s Overton Square district to a Comfort Suites in a $6 million project.

At a public meeting Wednesday, Feb. 1, at Memphis Heritage Inc.’s office, 2282 Madison Ave., partners Jay Kumar and Rishi Chopra revealed plans to purchase the vacant 103-room hotel at 2144 Madison Ave., at the northeast corner of Cooper Street and Madison from FQI LLC for $2.3 million and pump about $3.7 million into renovations.

5. Former French Quarter Hotel to Become Comfort Suites - Thursday, February 02, 2012

Two new local owners are under contract to convert the former French Quarter Suites Hotel in Midtown’s Overton Square district to a Comfort Suites in a $6 million project.

At a public meeting Wednesday, Feb. 1, at Memphis Heritage, 2282 Madison Ave., partners Jay Kumar and Rishi Chopra revealed their plans to purchase the vacant 103-room hotel at the northeast corner of Cooper Street and Madison Avenue from FQI LLC for $2.3 million and pump about $3.7 million into renovations.

6. Poorest Poor in US Hits New Record: 1 in 15 People - Friday, November 04, 2011

WASHINGTON (AP) – The ranks of America's poorest poor have climbed to a record high – 1 in 15 people – spread widely across metropolitan areas as the housing bust pushed many inner-city poor into suburbs and other outlying places and shriveled jobs and income.

7. McGuire Joins Accounting Firm Dixon Hughes Goodman - Friday, October 21, 2011

Dixon Hughes Goodman LLP, the new firm formed earlier this year with the combination of Memphis accounting firm Dixon Hughes PLLC and Virginia-based accounting firm Goodman & Co. LLP, has a new senior manager in Memphis leading the office’s financial institutions services group.

8. Unemployment Rises in More Than Half of US Metros - Thursday, June 30, 2011

WASHINGTON (AP) – Unemployment rates rose last month in more than half of the nation's largest metro areas, driven higher by weak private-sector hiring and natural disasters.

The unemployment rate increased in 210 metro areas in May, the Labor Department said Wednesday. It fell in 131 cities and remained unchanged in 37. That's a sharp reversal from April, when unemployment rates dropped in more than 90 percent of metro areas.

9. Few Jobs Added in May; Unemployment Up to 9.1 Pct - Monday, June 06, 2011

WASHINGTON (AP) – U.S. employers in May added the fewest jobs in eight months, and the unemployment rate inched up to 9.1 percent. The weakening job market raised concerns about an economy hampered by high gas prices and the effects of natural disasters here and abroad.

10. Unemployment Fell in April in Most Metro Areas - Thursday, June 02, 2011

WASHINGTON (AP) – The best month for private-sector hiring in five years and a pickup in summer jobs helped lower unemployment rates in more than 90 percent of the nation's largest cities in April.

11. Hedge Funds Help Fill Gap in Lending for Property - Thursday, August 28, 2008

Three months ago, Eric Gray saw an opportunity to scoop up a vacant retail property in New York City's borough of Brooklyn. But he had a problem, one that has been plaguing many real-estate investors and owners: The nation's banks, burned by years of easy credit and the resulting devastating losses, are no longer eager to lend.

12. Motel Developers Meet Different Fates With Council - Wednesday, August 27, 2008

As a whole, the Memphis City Council over the last several years usually has responded to development applications for new motels in the inner city with a mix of incredulity, skepticism and pointed questions for developers.

13. Lamar Ave. Hotel Developer Struggles for Approval - Friday, May 23, 2008

Local cab business owner Jay Kumar has tried for two years to build an upscale, 35-room motel along Lamar Avenue, a project for which he estimates spending $2.5 million. And because he temporarily failed to get the final approval from city officials that he needed this week, he’s still trying.

14. Kumar Works Toward Building Lamar Motel - Again - Thursday, March 13, 2008

Local cab business owner Jay Kumar is taking his application for a 35-room motel along Lamar Avenue back before the same government body this afternoon that said no to a different version of the plan almost two years ago.

15. Site Work on Prototype Hyatt Place to Begin Soon - Tuesday, September 11, 2007

10.8 acres slated to become
Hyatt Place, Outparcels
Sale Amount: $2.2 million

Sale Date: Aug. 30, 2007

16. Business Owner Continues Lobbying Lamar Residents Over Hotel Idea - Wednesday, May 02, 2007

Real estate developers concerned with how home- and business owners are affected by their projects might reach out to them by eliminating a few building stories here or planting a grove of trees there.

17. Archived Article - Tuesday, May 01, 2007

Six acres north of
Lowrance Road

Loan Amount: $6.5 million

Loan Date: March 30, 2007

18. Westin Beale Street HotelOpens for Business - Monday, April 16, 2007
     Downtown Memphis welcomed a new tenant Friday with the opening of a Westin Hotel at 170 Lt. George W. Lee Ave., across from the FedExForum.
     The 203-room Westin Beale Street Hotel is the

19. Able to Exhale - Wednesday, January 10, 2007

The bulldozers and construction teams that build the sprawling estates in Arlington, the condominiums in Downtown Memphis, infill housing elsewhere in the city and expensive new homes in all the suburbs that surround Memphis got something of a breather this year.

20. Riverbend Crossing Gets Green Light, Then Yellow - Monday, August 28, 2006
     The large-scale development project that will bring a Metro-Goldwyn-Mayer movie-themed park, nationally branded aquarium or museum, hotels, golf courses and up to 9,500 homes in a residential resort community in DeSoto C

21. Residential Growth Fuels Retail in Tipton - Wednesday, January 25, 2006

Where people go, businesses will follow. That's a truth that's readily apparent when looking at the commercial growth taking place in south Tipton County.

About 580 new home construction projects were started in Atoka and Munford during 2005, according to the South Tipton County Chamber of Commerce. Following the residential growth are some major commercial projects, and area leaders don't expect activity to decline anytime soon.

22. Metro Hotels FinancesDowntown Best Western - Tuesday, December 06, 2005
Metro Hotels Inc. has financed the Best Western Hotel at 164 Union Ave. through Farmers Insurance Group Federal Credit Union for $3.1 million. The property, located at the northwest corner of Union Avenue and South Third Street, includes a five-story

23. Archived Article: Daily Digest - Tuesday, June 28, 2005
Bartlett Property

Bartlett Property

Sells for $2.8 Million

Comprehensive Computer Services Inc. has purchased 20 acres containing a 232,375-square-foot concrete tilt-up manufacturing & processing plant at 2950 Brother Blvd. in Bartlett ...

24. Archived Article: Daily Digest - Monday, June 27, 2005
Dillards Buys Property

Dillards Buys Property

in Carriage Crossing

The Castner-Knott Dry Goods Co. has purchased 12.47 acres near the proposed south line of Houston Levee Road and proposed north line of Shelby Drive from Carriage Avenue LLC...

25. Archived Article: Daily Digest - Friday, February 18, 2005
Bowden Buys Lots

Bowden Buys Lots

in Carlyle Place

Bowden Building Corp. has purchased 33 lots in phase one of the Carlyle Place Planned Development from Rusco Co. for $1.1 million, according to The Daily News Public Records Database, www.m...

26. Archived Article: Lead - Tuesday, January 25, 2005
ANDY MEEK

Historic Neighborhood Awaits Rebirth

South Forum project focuses on revitalization, preservation

ANDY MEEK

The Daily News

You cant tell it by the way the neighborhood looks today, but the blighted South Forum District behind...

27. Archived Article: Trends - Monday, December 20, 2004
By Andy Meek

Wireless Hotspots Hot in New Construction

ANDY MEEK

The Daily News

In Julie Rays Pinch District cafe, customers of all ages, at almost any time of day, can be found hunched over their laptops as they enjoy their cups of coff...

28. Archived Article: S. Main (lead) - Wednesday, September 22, 2004
South Main Has Monthly Glimmer

South Main Seeks to Increase its Draw

Stakeholders in arts district want more restaurants, visitors

LANCE ALLAN

The Daily News

Friday marks a milestone of sorts for the South Main Arts District. Its the ...

29. Archived Article: Special Report (lead) - Tuesday, August 24, 2004
Commercial data

Investors Heat Up Commercial Market

Land, multifamily and office sales improve in first-half 2004

LANCE ALLAN

The Daily News

Real estate is moving in Metro Memphis, at least if the number of commercial transactions ove...

30. Archived Article: Real Recap - Tuesday, June 29, 2004
6101 Hickory Ridge Trail

Virginia Company Finances Waterstone Landing

6101 Hickory Ridge Trail

Memphis, TN 38115

Cost: $12.2 million

Borrower: Hickory Gardens Associates LLC

Lender: Wachovia Bank NA

Trustee: Michael Champlin

...

31. Archived Article: Trends Focus - Monday, September 29, 2003
Hiring Trends: Downturn Predicted, Might Not Take Place

Hiring Takes Hit, but Overall Market Stable

MEGAN CATHEY

The Daily News

Hiring activity is projected to take a downturn during fourth quarter 2003, but not all Memphis-area business...

32. Archived Article: Trends Focus - Monday, September 15, 2003
Lost signs, lost advertising thanks to storm

Damaged Signs Mean Dollar Signs for Some

ANDREW BELL

The Daily News

The first thing Cheryl Mesler who owns Burkes Bookstore along with her husband, Corey saw when she arrived to work early Jul...

33. Archived Article: Tech Briefs - Wednesday, August 20, 2003
The Memphis Business Council holds a seminar on small business administration loans from 10 a

U.S. Small Business Administration disaster recovery workshops are being offered this week at Whitehaven Community Center, 4318 Graceland Drive, and Gai...

34. Archived Article: Comm Focus - Friday, June 20, 2003
FESJC gives Southwind area a little summertime gravy

FESJC gives Southwind area a little summertime gravy

By LANCE ALLAN

The Daily News

When the FedEx St. Jude Classic golf tournament kicks off next week in Southeast Shelby County, it wo...

35. Archived Article: Real Review - Tuesday, May 27, 2003
Crye-Leike to open office in North Little Rock

Crye-Leike to open office in North Little Rock

Crye-Leike, the nations 10th largest real estate company, is preparing to expand its presence in Central Arkansas.

A pending purchase will create ...

36. Archived Article: Peabody (lead) - Friday, March 08, 2002
By JENNIFER MURLEY Peabody to open nouveau bistro By JENNIFER MURLEY The Daily News Construction is underway within the Peabody to transform two ground floor restaurants into one new upscale dining venue described as a "northern Italian bistro&...

37. Archived Article: Memos - Wednesday, August 02, 2000
William H William H. Masters joined the electrical department of Askew Hargraves Harcourt and Associates as an electrical project manager. He earned his bachelors degree from Vanderbilt University and masters degree from the University of Memphis. M...

38. Archived Article: Memos - Wednesday, July 19, 2000
Jeff Pohlgeers joined the survey department at Askew Hargraves Harcourt & Associates Inc Jeff Pohlgeers joined the survey department at Askew Hargraves Harcourt & Associates Inc. as a Survey/CAD Technician. He is a graduate of Cincinnati Sta...

39. Archived Article: Market Briefs - Monday, August 30, 1999
Club Hotel by Doubletree to be Omega Travel will begin operations Wednesday under the name Travelennium. The new name is designed to reflect the companys commitment to keeping up with changes in travel, especially corporate travel, said chief execut...

40. Archived Article: Java Blues Lj - Wednesday, April 22, 1998
By LAURIE JOHNSON Lifestyle Ventures to open Downtown coffee shop on Monday Designed as an extension of B.B. Kings, Java Blues Cafe will target Downtown residents and workers By LAURIE JOHNSON The Daily News Memphis entertainment management firm Lif...

41. Archived Article: Lifestyle Ventures Lj - Thursday, February 19, 1998
By LAURIE JOHNSON Lifestyle Ventures plans move to Downtown By LAURIE JOHNSON The Daily News Memphis entertainment management firm Lifestyle Ventures is getting ready to move into the same neighborhood as its primary client, the B. B. Kings Blues Cl...

42. Archived Article: Se Co. Parkedit - Monday, December 09, 1996
12-6 notes SE Co. Park.gs Proposed soccer park expected to bring in $8 million annually By GABRIELLE C.L. SONGE The Daily News Shelby County Mayor Jim Rout will ask the County Commission today to clear the way for development of a137-acre soccer com...

43. Archived Article: Back Page Story - Tuesday, November 07, 1995
Belz warehouses Demand for Industrial Space Increases Belz plans four new warehouses The Daily News Leasing activity and occupancy rates at several industrial and corporate parks owned by Belz Enterprises show an increasing demand for industrial spa...