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Editorial Results (free)

1. Expanding East -

Tamp & Tap, the name of the popular Downtown coffee shop and restaurant, is an allusion to both espresso – which is tamped for compression before going into the machine – and also kegs of beer, which are tapped.

2. ITT Files $5.8M Loan on Cordova Building -

ITT Technical Institute has filed a $5.8 million loan on its Cordova campus.

ITT Educational Services Inc. filed the loan on the property at 7260 Goodlett Farms Parkway in Cordova through Cerberus Business Finance LLC, an affiliate of New York-based Cerberus Capital Management, according to a Nov. 25 deed of trust.

3. In-Rel Sells 2 Office Buildings for $16.8M -

Affiliates of Clark Tower owner In-Rel Properties Inc. have sold two of the company’s other Memphis office buildings to a private equity firm for $16.8 million as part of a larger portfolio.

4. Conn’s Inc. to Open Second Store in Memphis -

Specialty retailer Conn’s Inc. will open a second store in Memphis, the second of possibly three stores the Texas-based home appliances and furnishings chain plans to open in Tennessee.

5. Summer Avenue Car Lot Denied -

In zoning and development items Tuesday, Dec. 16, the Memphis City Council unanimously voted down a car lot at Summer Avenue and Vaughn Road.

Council members approved an amendment to the Kirby Gate planned development by Grant Properties LLC that allows a self-service storage facility as well as an amendment to the Oak Tree Planned Development at Mt. Moriah Road and Park Avenue permitting commercial mixed-use development.

6. City Council Approves Pension Changes -

Memphis City Council members put to rest Tuesday, Dec. 16, at least the City Hall portion of the debate about city employee benefits and the liability of those benefits by approving changes to the city’s pension plan.

7. In-Rel Sells Two Memphis Office Buildings for $16.8 Million -

Affiliates of Clark Tower owner In-Rel Properties Inc. have sold two of the company’s other Memphis office buildings to a private equity firm for $16.8 million as part of a larger portfolio.

8. ITT Files $5.8 Million Loan on Cordova Building -

ITT Technical Institute has filed a $5.8 million loan on its Cordova campus.

ITT Educational Services Inc. filed the loan on the property at 7260 Goodlett Farms Parkway in Cordova through Cerberus Business Finance LLC, an affiliate of New York-based Cerberus Capital Management, according to a Nov. 25 deed of trust.

9. FCC Approves Scripps, Journal Broadcast Merger -

The E.W. Scripps Co., parent company of The Commercial Appeal in Memphis, and Milwaukee-based Journal Communications Inc. now have approval from the Federal Communications Commission for their plan to merge their broadcast operations.

10. 26 Industrial Properties Facing Foreclosure -

The company that purchased Farnsworth Investment Co.’s industrial portfolio in 2005 has defaulted on a $69 million loan, and now 26 of its properties are facing foreclosure, according to a first-run foreclosure notice in the Friday, Dec. 12, edition of The Daily News.

11. Tamp & Tap Preparing East Memphis Location -

Tamp & Tap, the popular Downtown restaurant and coffee shop, has applied for a building permit for its East Memphis location.

Tamp & Tap applied for a $244,494 building permit through the Office of Construction Code Enforcement for its location at 6070 Poplar Ave. inside Highwoods Properties Inc.’s Triad Centre III office building in East Memphis.

12. 26 Industrial Properties Facing Foreclosure -

The company that purchased Farnsworth Investment Co.’s industrial portfolio in 2005 has defaulted on a $69 million loan, and now 26 of its properties are facing foreclosure, according to a first-run foreclosure notice in the Friday, Dec. 12, edition of The Daily News.

13. 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.

14. Tamp & Tap Preparing East Memphis Location -

Tamp & Tap, the popular Downtown restaurant and coffee shop, has applied for a building permit for its East Memphis location.

Tamp & Tap applied for a $244,494 building permit through the Office of Construction Code Enforcement for its location at 6070 Poplar Ave. inside Highwoods Properties Inc.’s Triad Centre III office building in East Memphis.

15. Milhaus Acquires Highland Row Property -

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

16. Shelby County Home Sales Slow in November -

After an unusually strong October for home sales, activity in Shelby County cooled in November.

Memphis and Shelby County home sales were down 7.8 percent in November, with 1,034 sales recorded for the month, compared with 1,115 recorded in November 2013, according to real estate information company Chandler Reports, www.chandlerreports.com.

17. Greater Imani Buys Broadmoor Property -

Greater Imani Baptist Church has purchased property from Broadmoor Baptist Church for $1.6 million.

Greater Imani acquired the Broadmoor property at 3824 Austin Peay Highway, according to a Nov. 3 warranty deed. Greater Imani filed a $2 million loan with Citizens Savings Bank and Trust Co. in conjunction with the purchase, according to a deed of trust filed the same day. William A. Adkins Jr., board president for Greater Imani, signed the deed of trust.

18. 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.

19. Brook Chase Apartments Will Receive Upgrades -

The Brook Chase Apartments in Germantown are about to get a makeover.

Memphis-based Fogelman Properties and New York-based DRA Advisors LLC, which teamed up this year to acquire the property for $31.1 million, plan on making significant upgrades to the 280-unit apartment community at 7865 Grove Court West.

20. Anixter Moving Memphis Distribution Operations -

A leading supplier of communications and security products, electrical and electronic wire and cable, fasteners and other small components is relocating to a new Memphis distribution center.

Anixter International Inc., which is based in the Chicago area, has leased 100,000 square feet at 4001 Hickory Hill Road inside Memphis Distribution Center. Anixter will be relocating from 4580 S. Mendenhall Road, where DDN is expanding.

21. Deck the Halls -

It was early Tuesday, a little more than 48 hours before Overton Square was set to throw a major holiday celebration complete with a tree-lighting ceremony, school choirs and dozens of participating tenants.

22. Brook Chase Apartments Will Receive Upgrades -

The Brook Chase Apartments in Germantown are about to get a makeover.

Memphis-based Fogelman Properties and New York-based DRA Advisors LLC, which teamed up this year to acquire the property for $31.1 million, plan on making significant upgrades to the 280-unit apartment community at 7865 Grove Court West.

23. Greater Imani Church Buys Broadmoor Property -

Greater Imani Baptist Church has purchased property from Broadmoor Baptist Church for $1.6 million.

Greater Imani acquired the Broadmoor property at 3824 Austin Peay Highway, according to a Nov. 3 warranty deed. Greater Imani filed a $2 million loan with Citizens Savings Bank and Trust Co. in conjunction with the purchase, according to a deed of trust filed the same day. William A. Adkins Jr., board president for Greater Imani, signed the deed of trust.

24. 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.

25. 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.

26. 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.

27. Appraisals Trail Amount Middle Tennessee Buyers Willing to Pay -

There are a few hot topics from the real estate world this week, the first being that appraisers seem to have hit the wall on the rampant price inflation.

With less inventory and more sales, sellers are resting in an enviable position inasmuch as buyers are forced to pay whatever is asked, or more, in order to acquire properties.

28. Blight of the Living Dead -

When the Smiths moved into a brand new home right before Christmas 2007, they had no idea that construction in their Antioch area subdivision would soon stop cold – and stay stopped for four years.

29. EDGE Approves Graceland Taxing District -

A special taxing district to help pay for a massive redevelopment of the sprawling Graceland campus is one step closer to reality.

The board of the city-county Economic Development Growth Engine approved Tuesday, Nov. 25, the creation of a Tax Increment Financing, or TIF, district around Graceland, one of the city's most visited attractions and powerful economic engines.

30. East Memphis Hotel Sells for $12.9 Million -

An East Memphis hotel near Saint Francis Hospital has sold for $12.9 million.

BRE Amerisuites Properties LLC sold the Hyatt Place hotel at 1220 Primacy Parkway to SREF3 AH Chicago LLC, according to a Nov. 19 warranty deed.

31. This week in Memphis history: November 28-December 4 -

2006: Memphis Mayor Willie Herenton and former heavyweight boxing champion Joe Frazier boxed at the Peabody Hotel in an exhibition for the Shelby County Drug Court.

32. ’Tis the Season -

After the recession struck, desperate retailers competing for a shrinking amount of shopping dollars and market share began tinkering with time-tested holiday marketing strategies.

Good prices, great values, unique offerings and convenience no longer were enough to boost retail sales.

33. FedEx Supply Chain Expansion Wins Tax Freeze -

FedEx Supply Chain Services appears poised to move ahead with an expansion in Memphis.

The third-party logistics arm of FedEx, recently won a five-year tax freeze for a $6.8 million expansion to its 454,713-square-foot warehouse at 5050 E. Holmes Road.

34. East Memphis Hotel Sells for $12.9 Million -

An East Memphis hotel near Saint Francis Hospital has sold for $12.9 million.

BRE Amerisuites Properties LLC sold the Hyatt Place hotel at 1220 Primacy Parkway to SREF3 AH Chicago LLC, according to a Nov. 19 warranty deed.

35. 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.

36. Germantown Mayor-Elect Discusses Revenue, Schools -

The incoming mayor of Germantown wants to grow the city’s sales tax base to make its government a bit less reliant on property tax revenue.

Property taxes fund about 60 percent of Germantown city services, said mayor-elect Mike Palazzolo, who takes office Dec. 16. Sales tax revenue funds another 16 percent, with the rest coming from fees and state and federal funding.

37. School on ‘Nashville Nine’ List -

Historic Nashville Inc., a nonprofit devoted to promoting and preserving historic places in Nashville, has placed Hillsboro High School on its annual Nashville Nine list.

38. Collierville Daycares Sell for $4.4 Million -

Two Collierville daycare centers have sold for a combined $4.4 million.

SDK Properties LLC sold the center at 105 Crescent Drive to Store Master Funding VII LLC for $2.5 million and the center at 1649 S. Shea Road to the same entity for $1.8 million, according to warranty deeds filed Nov. 14. The buyer, Store Master Funding VII LLC, is an affiliate of Scottsdale, Ariz.-based real estate investment trust STORE Capital. The centers operate as Kid Tech #1 and Kid Tech #2.

39. KPMG Signs Lease In East Memphis -

After a year-long study of different options, audit, tax and advisory firm KPMG has made its move from Downtown to East Memphis official with its announcement today of the signing of a 10-year 3-month lease at Highwoods Properties’ Triad Centre III at 6070 Poplar Ave.

40. US Home Sales Rise in October -

WASHINGTON (AP) – Americans bought homes in October at the briskest pace this year, a sign that the sluggish housing market is turning around.

Sales of existing homes rose 1.5 percent to a seasonally adjusted annual rate of 5.26 million last month, the National Association of Realtors said Thursday. That's up from a revised pace of 5.18 million in September. October marked the first month in 2014 when sales increased compared to a year ago, registering a 2.5 percent gain.

41. Collierville Daycares Sell for $4.4 Million -

Two Collierville daycare centers have sold for a combined $4.4 million.

SDK Properties LLC sold the center at 105 Crescent Drive to Store Master Funding VII LLC for $2.5 million and the center at 1649 S. Shea Road to the same entity for $1.8 million, according to warranty deeds filed Nov. 14. The buyer, Store Master Funding VII LLC, is an affiliate of Scottsdale, Ariz.-based real estate investment trust STORE Capital. The centers operate as Kid Tech #1 and Kid Tech #2.

42. KPMG Signs Lease in East Memphis -

After a year-long study of different options, audit, tax and advisory firm KPMG has made its move from Downtown to East Memphis official with its announcement today of the signing of a 10-year 3-month lease at Highwoods Properties’ Triad Centre III at 6070 Poplar Ave.

43. KPMG Signs Lease in East Memphis, Leaving Downtown -

After a year-long study of different options, audit, tax and advisory firm KPMG has made its move from Downtown to East Memphis official with its announcement today of the signing of a 10-year 3-month lease at Highwoods Properties’ Triad Centre III at 6070 Poplar Ave.

44. Elvis Presley Enterprises Seeks $70 Million Building Permit for Hotel -

3600 Elvis Presley Blvd.
Memphis, TN 38116
Permit Amount: $70 million

45. Loeb Buys Office Complex in Heart of East Memphis -

Loeb Properties has acquired an office complex in the heart of East Memphis, the company’s first major acquisition since it bought Overton Square in July 2012.

Memphis-based Loeb Properties purchased Executive Square, a 40-suite professional office complex at Poplar Avenue and Yates Road in East Memphis, from F. William Hackmeyer for $3.85 million.

46. 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.

47. Estates at River Pointe Owner Files $31.2M Loan -

The owner of the Estates at River Pointe apartment complex on Mud Island has taken out a $31.2 million loan on the property.

Knickerbocker Properties XXXIX, an affiliate of New York-based Sentinel Real Estate Corp., filed the multifamily deed of trust, assignment of leases and rents, security agreement and fixture filing Oct. 30 through Berkeley Point Capital LLC.

48. 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.

49. Estates at River Pointe Owner Files $31.2 Million Loan -

The owner of the Estates at River Pointe apartment complex on Mud Island has taken out a $31.2 million loan on the property.

Knickerbocker Properties XXXIX, an affiliate of New York-based Sentinel Real Estate Corp., filed the multifamily deed of trust, assignment of leases and rents, security agreement and fixture filing Oct. 30 through Berkeley Point Capital LLC.

50. 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.

51. Overton Square Highlights Commercial Real Estate Positives -

The old owners of Overton Square had a plan to remove existing local tenants and retailers and replace them with national retailers.

They succeeded in emptying Overton Square of tenants, but couldn’t attract new national retailers, leaving what was left to twist in the wind.

52. Former Marriott Hotel Sells for $5.1 Million -

An East Memphis hotel has been sold for $5.1 million.

JPMCC 2007 CIBC19 Lodging 2625 LLC sold The Hotel Memphis at 2625 Thousand Oaks Blvd., near Perkins Road and Interstate 240, to Jubilee Hotels Group LLC, according to an Oct. 29 warranty deed.

53. 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.

54. Events -

Cannon Wright Blount will present “Getting Started With QuickBooks: Learn from the Experts” Thursday, Nov. 6, from 9:30 a.m. to 11:30 a.m. in its boardroom, 756 Ridge Lake Blvd., suite 100. Cost is $75. Register at cannonwrightblount.com/resources or call 685-7500.

55. Events -

The Booksellers at Laurelwood will host Ally Condie, author of “Atlantia,” for a discussion and book signing Wednesday, Nov. 5, at 6:30 p.m. at the bookstore, 387 Perkins Road Extended. Visit thebooksellersatlaurelwood.com.

56. Skip Check-In; Latest Hotel Room Key is Your Phone -

NEW YORK (AP) – Hotels don't want guests to have to linger at the front desk – or even stop by at all.

New programs are helping speed up the check-in process for busy travelers, or in at least one case, letting them go straight to their rooms by using their smartphone to unlock doors.

57. Former Marriott Hotel Sells for $5.1 Million -

An East Memphis hotel has been sold for $5.1 million.

JPMCC 2007 CIBC19 Lodging 2625 LLC sold The Hotel Memphis at 2625 Thousand Oaks Blvd., near Perkins Road and Interstate 240, to Jubilee Hotels Group LLC, according to an Oct. 29 warranty deed.

58. Events -

Memphis Reads, the citywide community reading program, will host Dinaw Mengestu, author of Memphis Reads selection “The Beautiful Things That Heaven Bears” Tuesday, Nov. 4, for a reading at 5:30 p.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave. Mengestu will also speak at 8 p.m. at the University Theater on the Christian Brothers University campus, 650 East Parkway S. Both events are free. Visit cbu.edu.

59. 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.

60. Midtown Success Highlights Commercial Real Estate Growth -

Loeb Properties Inc. plans to build on the momentum it has created at Overton Square while turning its attention to other parts of Midtown.

61. Events -

Memphis Reads, the citywide community reading program, will host Dinaw Mengestu, author of Memphis Reads selection “The Beautiful Things That Heaven Bears” Tuesday, Nov. 4, for a reading at 5:30 p.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave. Mengestu will also speak at 8 p.m. at the University Theater on the Christian Brothers University campus, 650 East Parkway S. Both events are free. Visit cbu.edu.

62. Austin Peay Gas Station Sells for $1.1 Million -

An Atlanta-based real estate investment firm has sold a local convenience store and gas station for $1.1 million.

Decatur Properties IV Inc. sold the gas station and store at 4861 Austin Peay Highway to Roopani Properties LLC, according to an Oct. 22 warranty deed. Roopani Properties secured a $1.2 million loan for the purchase through Fidelity Bank, according to a deed of trust filed the same day.

63. Staples Closes Stores, Keeps Distribution Center -

Just a few years after entering the Memphis market, Staples Inc. has closed all of its local stores, including a location on a prime piece of commercial real estate in East Memphis.

64. Events -

Memphis Reads, the citywide community reading program, will host Dinaw Mengestu, author of Memphis Reads selection “The Beautiful Things That Heaven Bears” Tuesday, Nov. 4, for a reading at 5:30 p.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave. Mengestu will also speak at 8 p.m. at the University Theater on the Christian Brothers University campus, 650 East Parkway S. Both events are free. Visit cbu.edu.

65. Editorial: Overton Square Comeback Proof of Possibilities -

Overton Square is back in ways few of us could have foreseen just three years ago.

And that’s the point – ways few of us could have foreseen.

The direct cause is millions of dollars invested by Loeb Properties, a Memphis company that knows what was, what could be and the necessary difference between the two.

66. 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.

67. Mississippi Company Waited Years to Acquire The Horizon -

Walker Thrash, principal of Dawn Properties Inc., first heard about The Horizon shortly after work on the ambitious condominium tower overlooking the Mississippi River ground to a halt in 2009.

68. Real Estate Rally -

Commercial real estate can offer insight into the strength of the local economy. Through the office, retail, industrial and apartment developments that mark the region the economy at work in the real world can be seen.

69. Austin Peay Gas Station Sells for $1.1 Million -

An Atlanta-based real estate investment firm has sold a local convenience store and gas station for $1.1 million.

Decatur Properties IV Inc. sold the gas station and store at 4861 Austin Peay Highway to Roopani Properties LLC, according to an Oct. 22 warranty deed. Roopani Properties secured a $1.2 million loan for the purchase through Fidelity Bank, according to a deed of trust filed the same day.

70. Mixed-Use Project Looms for Former Lakeland Mall -

Get used to the name Lake District. You’ll probably be hearing more about it in the near future. Lake District is the new name for the revamped project being planned at the old Lakeland Factory Outlet Mall site.

71. Staples Closes Memphis Stores, Keeps Distribution Center -

Just a few years after entering the Memphis market, Staples Inc. has closed all of its local stores, including a location on a prime piece of commercial real estate in East Memphis.

72. Events -

The Orpheum Theatre will present “Once” Tuesday, Oct. 28, through Nov. 2 at the theater, 203 S. Main St. Buy tickets at orpheum-memphis.com.

73. CWCapital Sheds Willow Lake Buildings -

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

74. US New-Home Sales Close to Flat in September -

WASHINGTON (AP) — U.S. sales of new homes were nearly flat in September, after the government sharply revised downward what was initially an August surge in buying.

New-home sales edged up 0.2 percent last month to a seasonally adjusted annual rate of 467,000, the Commerce Department reported Friday. The report also revised down the August sales rate to 466,000 from 504,000.

75. Events -

Tennessee Department of Environment and Conservation will hold a presentation and public hearing on the 2015-2025 Solid Waste and Materials Management Plan Monday, Oct. 27, from 1:30 p.m. to 3:30 p.m. in the Benjamin L. Hooks Central Library meeting room A, 3030 Poplar Ave. Visit tn.gov/environment/solid-waste to review the draft plan.

76. Events -

RiverArtsFest 2014 will be held Friday, Oct. 24, through Sunday, Oct. 26, in the South Main Historic Arts District. The festival will feature a juried artist market, 50 musical acts, food courts, interactive art stations and more. Admission is free on Friday and $5 on Saturday and Sunday. Visit riverartsmemphis.org for hours and more information.

77. 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.

78. US Existing Home Sales Rise in September -

WASHINGTON (AP) — U.S. homes sold in September at their fastest clip this year, a sign that the housing market is shaking off a slowdown that began in the middle of 2013.

The National Association of Realtors said Tuesday that sales of existing homes rose 2.4 percent from the previous month to a seasonally adjusted annual rate of 5.17 million. Still, the sales rate has dropped 1.7 percent over the past 12 months.

79. Las Vegas Without Gambling -

Who in his right mind spends four days in Las Vegas, without kids to slow down things, and doesn’t sit at a table game even once to play a hand?

Who visits Sin City and doesn’t buy in at a morning poker game? And who travels to Las Vegas with a group of friends, almost all of whom played at least one table game, and doesn’t sit with them?

80. Sprouts Farmers Market Applies for Building Permit -

3150 Village Shops Drive
Germantown, TN 38138

Project Cost: $1.5 million

Applied: Oct. 14, 2014

81. Experts to Provide Commercial Real Estate Outlook at Seminar -

Yes, Overton Square is booming, but that may not have been the case without Memphis-based Loeb Properties Inc.

82. How Bad is Knoxville Crime? -

From murders to burglaries, most of Knoxville’s crime can be attributed to illegal drugs, police say.

But even as crime figures have remained static for years, where you live likely determines how you feel about crime and safety.

83. Surging Sales, Prices Reset Reality for Buyers -

Last week The Greater Nashville Association of Realtors (GNAR) released the sales information for the area for September, and the numbers were staggering, with sales up 19 percent.

That’s staggering in the sense that this is the third consecutive year of similar growth, and the inventory when all of this began was at 19,622. Now there are only 15,182 properties available.

84. 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.

85. Collierville Storage Facility Sells for $3.9 Million -

A California-based owner and operator of self-storage facilities has purchased a Collierville storage facility for $3.9 million.

LifeStorage, through an entity operating as SSTN 651 S. Rowlett Street LLC, acquired the 62,170-square-foot facility at 651 S. Rowlett St. from LottaStorage LLC, according to an Oct. 6 special warranty deed. The Shelby County Assessor of Property’s 2014 appraisal is $2.2 million.

86. 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.

87. Shelby County Residential Foreclosures Drop 22 Percent -

Foreclosures have been on a consistent downward slope in Shelby County, with newly available figures underscoring the comprehensive nature of the decline.

During third quarter 2014, the county saw 667 residential foreclosures, a 22 percent decline from the 853 filed during the same period in 2013, according to real estate information company Chandler Reports, chandlerreports.com.

88. Acura of Memphis Owner Buys Dealership, Land -

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

89. 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."

90. 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.

91. Three Companies Seek PILOTs for Distribution Projects -

Three companies are exploring Memphis for new distribution operations that would create 272 new jobs.

The third-party logistics arm of FedEx is considering an expansion in Memphis.

FedEx Supply Chain Systems Inc. is seeking a payment-in-lieu-of-taxes freeze to grow its local operations by investing $6.8 million in a 454,713-square-foot warehouse at 5050 E. Holmes Road and creating 87 new jobs.

92. Three Companies Seek PILOTs to Create 272 Jobs -

Three companies are exploring Memphis for new distribution operations that would create 272 new jobs.

The third-party logistics arm of FedEx is considering an expansion in Memphis.

FedEx Supply Chain Systems Inc. is seeking a payment-in-lieu-of-taxes freeze to grow its local operations by investing $6.8 million in a 454,713-square-foot warehouse at 5050 E. Holmes Road and creating 87 new jobs.

93. Acceleration Sports Gets All Ages Stronger -

If personal trainer/performance coach Stacy Peterson could help volleyball players at the Hutchison School, including their own daughters, then maybe she could help them, too.

94. Silver Lining -

Fueled by a steep drop in bank sales, Shelby County home sales slowed slightly in the third quarter compared to the same three-month period in 2013.

There were a total of 486 bank sales in the quarter, as opposed to 752 in the same period last year, a decrease of 35 percent, according to real estate information company Chandler Reports, www.chandlerreports.com.

95. 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.

96. McNeill Files Loans for Medical Office Park -

McNeill Commercial Real Estate, operating as Wolf River Kimbrough Partners, has filed two loans totaling $4 million for a planned medical office park.

McNeill filed for the loans with Financial Federal, according to two Oct. 1 commercial deeds of trust. Spence Ray of McNeill signed both deeds of trust.

97. RVC Signs On to Sponsor Shelby Farms Greenline -

RVC Outdoor Destinations has signed on as a sponsor of the Shelby Farms Greenline, adding a $10,000 contribution to operations and maintenance of the greenline as well as a new totem at the park’s main entrance on Mullins Station Road.

98. Germantown Collection Sells for $13 Million -

Germantown Collection, a 55,373-square-foot retail center at 7820 Poplar Ave., sold for $13 million on Oct. 3 to Germantown Collection Property LLC, an entity affiliated with Wicker Park Capital Management LLC and Bayer Properties LLC.

99. US Mortgage Rates Down for Third Straight Week -

WASHINGTON (AP) – Average U.S. mortgage rates fell for the third straight week, making it more affordable to borrow to buy a home.

Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan fell to 4.12 percent from 4.19 percent last week. The average for a 15-year mortgage, a popular choice for people who are refinancing, also declined to 3.3 percent from 3.36 percent.

100. TGI Fridays Franchisee Buys 3 Local Restaurants -

A New Orleans-based restaurant group has acquired three local TGI Fridays restaurants.

Southeast Restaurant Group bought the restaurants at 8325 U.S. 64, 7733 Winchester Road and 176 Goodman Road in Southaven, part of a broader 20-restaurant deal.