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Editorial Results (free)

1. Dixie Pickers to Open East Memphis Store -

Dixie Pickers, a retailer offering sporting goods, outdoor clothing, hunting gear, guns and other outdoor accessories, has signed a lease with Loeb Properties for a new store location at 964 June Road near the intersection of Poplar Avenue and Yates Road in East Memphis.

2. Pay Down That Debt by Investing in Real Estate -

My father was born (1928) and raised in Franklin, when it was a sleepy little standalone hamlet unrelated to Nashville. In the mid-90s, I met him for lunch at the Shoney’s near I-65 off of Highway 96.

3. Editorial: Family Businesses Essential to Memphis' Destiny -

Locally owned businesses that endure over generations are a way of building the wealth that can transform Memphis.

It’s not a wealth that lives on Easy Street necessarily.

It is the kind of wealth that can, at times, make business owners wonder why they are pursuing the business that they, as children, watched their parents struggle with.

4. 100 North Main Seeks Historic Designation -

An effort to redevelop a Downtown skyscraper may have received a boost this week. A state board is recommending that the tower at 100 N. Main St. be listed on the National Register of Historic Places, a move that could allow the owner to seek tax credits and grants to redevelop the building.

5. Bankruptcies Dip Below 12,000 in 2014 -

Reflecting a national trend, Shelby County recorded a 7 percent drop in bankruptcies in 2014 compared to the previous year.

And the number of bankruptcies across the 33 Shelby County ZIP codes in 2014 was also down from 2013 and 2012 in each of the three types of bankruptcy chapters, according to The Daily News Online, memphisdailynews.com.

6. 100 N. Main Recommended for Historic Register, Pinch Decision Delayed -

A state board is recommending that the skyscraper at 100 N. Main St. Downtown be listed on the National Register of Historic Places, a move that could allow the owner to seek tax credits and grants to redevelop the building.

7. Renting Out Homes for Super Bowl Can Bring Big Bucks -

PHOENIX (AP) – Hundreds of people gather every year to hobnob with A-list celebrities at a charity bash thrown in the Super Bowl's host city. But instead of heading to a trendy nightclub or swanky restaurant, organizers this year are throwing the party inside a private home.

8. Shelby County Foreclosures Dip 22 Percent in 2014 -

Foreclosures took an even sharper dive in 2014 than they did in 2013. Compared to a 15 percent slide from 2012 to 2013, over the past year residential foreclosures in the county slipped 22 percent, from 3,555 in 2013 to 2,787 in 2014, according to real estate information company Chandler Reports, www.chandlerreports.com.

9. When Vacation Rentals Make More Sense -

With just one child, my wife and I don’t find ourselves stressing out about the need for a large hotel room suite or adjoining rooms so our family has enough room to spread around. 

But with the need for privacy or an opportunity to sleep in – our son wakes earlier than my wife and he likes to watch TV – we find sleeping in one hotel room is increasingly tough on our travels.

10. Shelby County Mortgage Market Sees Improvement -

The mortgage market in Shelby County ended 2014 in a slighter better position than where it stood in 2013.

Banks and mortgage lenders made 8,471 purchase mortgages in Shelby County during 2014, up 2 percent from the 8,301 mortgages during 2013, according to the latest data from real estate information company Chandler Reports,www.chandlerreports.com.

11. Dixie Pickers to Open East Memphis Store -

Dixie Pickers, a retailer offering sporting goods, outdoor clothing, hunting gear, guns and other outdoor accessories, has signed a lease with Loeb Properties for a new store location at 964 June Road near the intersection of Poplar Avenue and Yates Road in East Memphis.

12. Lincoln at Wolfchase Apts. Sells for $29.5 Million -

A Birmingham, Ala.-based real estate investment firm specializing in apartment communities has made a purchase in Memphis.

EBSCO Wolfchase LLC, an affiliate of EBSCO Income Properties LLC, bought the 408-unit Lincoln at Wolfchase Apartments community at 8230 Rockcreek Parkway in Cordova from MLQ-ELD LLC for $29.5 million, according to a special warranty deed. The purchase price breaks down to $72,303. The buyer filed a $23.6 million loan with Compass Bank in association with the purchase.

13. Dixie Pickers to Open in Former Tommy Bronson Space -

Dixie Pickers, a retailer offering sporting goods, outdoor clothing, hunting gear, guns and other outdoor accessories, has signed a lease with Loeb Properties for a new store location at 964 June Road near the intersection of Poplar Avenue and Yates Road in East Memphis.

14. Raymond James Tower Fetches $20 Million -

How much is a 21-story skyscraper overlooking the Mississippi River worth? About $1 million a floor.

New York-based investor Jacob Sofer will pay Parkway Properties around $20 million for the Raymond James Tower at 50 N. Front St. Downtown, according to several people with knowledge of the transaction. The Shelby County Assessor of Property’s 2014 appraisal for the 340,000-square-foot building is $24 million.

15. Lincoln at Wolfchase Sells for $29.5 Million -

A Birmingham, Ala.-based real estate investment firm specializing in apartment communities has made a purchase in Memphis.

EBSCO Wolfchase LLC, an affiliate of EBSCO Income Properties LLC, bought the 408-unit Lincoln at Wolfchase Apartments community at 8230 Rockcreek Parkway in Cordova from MLQ-ELD LLC for $29.5 million, according to a special warranty deed. The purchase price breaks down to $72,303. The buyer filed a $23.6 million loan with Compass Bank in association with the purchase.

16. Stonebridge Crossing Sells for $34.7 Million -

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

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

17. 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.

18. Phoenix REIT Purchases 2 Walgreens for $11.3 Million -

A Phoenix-based real estate investment trust has acquired two Walgreens stores from the retailer’s parent company.

ARCP WG Memphis TN LLC and ARCP WG Bartlett 5950 Stage Road LLC, both affiliates of Phoenix-based American Realty Capital Properties, acquired the Walgreens stores at 3670 Riverdale Road and 5950 Stage Road in Bartlett from the Walgreen Co. for $11.3 million, according to two Nov. 24 special warranty deeds.

19. Townhome Community Sells for $7.2 Million -

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

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

20. Caesars Tunica Casinos Open, Despite Bankruptcy -

Despite the company’s Chapter 11 bankruptcy filing, Caesars Entertainment casino properties in Tunica are open for business, the company says, adding that all operations at Horseshoe Tunica and Tunica Roadhouse continue as normal.

21. Millennial Challenge: Do I Rent or Do I Own? -

Mike Smalling is a mortgage loan originator with F&M Mortgage and is a lifer in mortgage lending. He recently penned a book entitled “Your Mortgage Matters,” and the work provides information for those new to home buying, as well as those that have bought and sold numerous homes.

22. Caesars Tunica Casinos Open, Despite Bankruptcy -

Despite the company’s Chapter 11 bankruptcy filing, Caesars Entertainment casino properties in Tunica are open for business, the company says, adding that all operations at Horseshoe Tunica and Tunica Roadhouse continue as normal.

23. Townhome Community Sells for $7.2 Million -

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

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

24. Plans Emerge for Universal Life Building -

In major Downtown news, the on-again, off-again redevelopment of the Universal Life Insurance Co. building Downtown appears to be on.

25. Bartlett Walgreens Sells for $4.8 Million -

An affiliate of a California-based real estate investment firm has acquired a Walgreens site in Bartlett for $4.8 million.

Realty Income Properties 5 LLC, an affiliate of California-based Realty Income Corp., bought the Walgreens store at 8097 U.S. 70 in Bartlett from Cole WG Bartlett TN DST, according to a Jan. 5 warranty deed. Realty Income Corp. acquires and manages freestanding, single-tenant properties leased to retail chains.

26. New York Investor to Buy Raymond James Tower -

A New York-based investor is under contract to purchase the Raymond James tower on Front Street Downtown, one of the most recognizable office buildings in the city.

27. Bank of Bartlett Buys Germantown Property -

1870 Kirby Parkway
Germantown, TN 38138
Sale Amount: $4.1 million

Sale Date: Dec. 29, 2014
Buyer: Bank of Bartlett
Seller: Spence Ray
Details: Bank of Bartlett has bought back a site on Kirby Parkway in Germantown for $4.1 million.

28. 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.

29. Phoenix REIT Purchases 2 Walgreens for $11.3 Million -

A Phoenix-based real estate investment trust has acquired two Walgreens stores from the retailer’s parent company.

ARCP WG Memphis TN LLC and ARCP WG Bartlett 5950 Stage Road LLC, both affiliates of Phoenix-based American Realty Capital Properties, acquired the Walgreens stores at 3670 Riverdale Road and 5950 Stage Road in Bartlett from the Walgreen Co. for $11.3 million, according to two Nov. 24 special warranty deeds.

30. Loeb Buys Former Peddler Bike Shop -

In addition to its recent purchase of the former Newby’s bar and restaurant space, an affiliate of Memphis-based Loeb Properties has acquired another key Highland Strip property for $500,000.

31. Loeb Pays $450,000 for Newby’s Property -

Memphis-based Loeb Properties paid $450,000 to acquire the Newby’s property on the Highland Strip near the University of Memphis.

Highland University District LLC, an affiliate of Memphis-based Loeb Properties, acquired 535 and 539 S. Highland St. from Paragon Bank, according to a Dec. 29 deed of trust.

32. OK, It’s a Great House! Can We Please See It? -

In Nashville real estate circles, it is difficult to say goodbye to 2014. We loved that 2014 and she was wonderful.

Missing her already, we hope she returns in 2015. But for the current trend to continue, Nashville is going to need some inventory.

33. Loeb Buys Former Peddler Bike Shop -

In addition to its recent purchase of the former Newby’s bar and restaurant space, an affiliate of Memphis-based Loeb Properties has acquired another key Highland Strip property for $500,000.

34. Creative Destruction -

For about three years Veronica Skinner called the two-story, 24-unit apartment building at 480 Tillman St. in the Binghampton neighborhood home.

35. Loeb Pays $450,000 for Newby’s Property -

Memphis-based Loeb Properties paid $450,000 to acquire the Newby’s property on the Highland Strip near the University of Memphis.

Highland University District LLC, an affiliate of Memphis-based Loeb Properties, acquired 535 and 539 S. Highland St. from Paragon Bank, according to a Dec. 29 deed of trust.

36. 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.

37. Memphis Industrial Market Rebounds in 2014 -

The upswing in the industrial real estate sector that started in 2012 and gained momentum in 2013 continued in 2014 and the Memphis market, fueled by several large transactions late in the year, should top 2013's level of around 3.2 million square feet of absorption.

38. 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.

39. 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.

40. MAAR Announces 2014 Award Winners -

The Memphis Area Association of Realtors has announced its 2014 award recipients.

The Realtor of the Year honor went to John Stamps of The Stamps Real Estate Co. Greg Renfrow of Marx-Bensdorf Realtors was named the Realtor-Associate of the Year. Debbie Reeves of the Tennessee Housing Development Agency was the Affiliate of the Year, and Doug Collins of Coldwell Banker Collins-Maury earned the Outstanding Leadership Award.

41. Airbnb, VRBO Offer Parallels to Online Music -

Butch Spyridon, president and CEO of the Nashville Convention and Visitors Corp., understands short-term rental sites like HomeAway, VRBO and Airbnb aren’t going away and are beneficial for visitors and neighborhoods.

42. Cities Across Tennessee Deal With Short-Term Rental Safety, Zoning Issues -

Nashville isn’t the only city struggling with how to handle short-term rental properties.

Just about every jurisdiction in the state has been caught off guard by the explosive rise in the new shared economy, and what that means for decades-old zoning laws.

43. Rental Showdown -

Tiffany H., 43, has found the perfect way to make money. It’s close to home, easy-to-manage and gives her the flexibility she needs as a busy mom shuttling two children back and forth to two different schools each day.

44. Loeb Acquires Newby’s Restaurant Space -

Memphis-based Loeb Properties has acquired one of the most venerable locations on the Highland strip.

Loeb purchased the long-time home of club and restaurant Newby’s at 535 and 539 Highland St. from Paragon Bank. A purchase price was not disclosed Friday, Jan. 2.

45. 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.

46. Big Deals Highlight 2014 Real Estate -

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

47. US Home Price Growth Slows for 11th Consecutive Month -

WASHINGTON (AP) – U.S. home prices rose in October at a slightly slower pace, as real estate sales have fallen and affordability has increasingly become a challenge for potential buyers.

48. Memphis Area Association of Realtors Announces 2014 Award Winners -

The Memphis Area Association of Realtors has announced its 2014 award recipients.

The Realtor of the Year honor went to John Stamps of The Stamps Real Estate Co. Greg Renfrow of Marx-Bensdorf Realtors was named the Realtor-Associate of the Year. Debbie Reeves of the Tennessee Housing Development Agency was the Affiliate of the Year, and Doug Collins of Coldwell Banker Collins-Maury earned the Outstanding Leadership Award.

49. 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.

50. 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.

51. Travel Trends for 2015 -

When traveling in 2015, we are more likely to consider sleeping on someone’s couch, possibly renting their whole apartment for a few days or even sharing a meal with complete strangers.

In looking at expected travel trends for the coming year, one consistency in most stories is the idea of shared travel.

52. 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.

53. Square Moves -

This year saw the continuation of Overton Square’s comeback, with another flurry of openings and moves to the square as the site of crowds and the sound of music continues to increasingly fill the restaurant and entertainment district.

54. Two Storage Facilities Sell for $4.9 Million -

Affiliates of Oaktree Capital Management have acquired two Memphis area mini-storage properties for $4.9 million.

SSSP Kirby Raines LLC, an affiliate of Los Angeles-based Oaktree Capital, acquired the mini-storage property at 6504 E. Raines Road from TSRE III Kirby Raines LLC for $2.5 million, according to a Dec. 2 warranty deed. The 50,910-square-foot storage development was built in 1995, and the Shelby County Assessor of Property’s 2014 appraisal is $1.3 million.

55. 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.

56. Big League Movers is on the Move -

Big League Movers is on the move and yes, they’ll be doing the moving themselves.

The Memphis-based company, which can handle virtually every type of moving need from residential moves to corporate relocations, is moving its office headquarters to a 4,000-square-foot space at the Minglewood Hall complex at 1559 Madison Ave. to accommodate more growth.

57. 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.

58. US Home Sales Hit Slowest Pace in 6 Months in November -

WASHINGTON (AP) – Fewer Americans bought homes in November as buying slid to its slowest pace in six months.

The National Association of Realtors said Monday that sales of existing homes fell 6.1 percent to a seasonally adjusted annual rate of 4.93 million. That was down from a revised annual pace of 5.26 million in October. Over the past 12 months, sales have risen 2.1 percent.

59. Caesars Entertainment to Buy Affiliate -

LAS VEGAS (AP) – Caesars Entertainment Corporation says it will buy an affiliate as it tries to smooth the reorganization of a struggling division and balance its debt load.

60. Two Storage Facilities Sell for $4.9 Million -

Affiliates of Oaktree Capital Management have acquired two Memphis area mini-storage properties for $4.9 million.

SSSP Kirby Raines LLC, an affiliate of Los Angeles-based Oaktree Capital, acquired the mini-storage property at 6504 E. Raines Road from TSRE III Kirby Raines LLC for $2.5 million, according to a Dec. 2 warranty deed. The 50,910-square-foot storage development was built in 1995, and the Shelby County Assessor of Property’s 2014 appraisal is $1.3 million.

61. Two In-Rel Properties Fetch $16.8 Million -

6263 Poplar Ave. and
2670 Union Ave. Extended
Memphis, TN

62. Wharton Defends Local Tax Incentives, Searches for New Methods to Compete -

Memphis Mayor A C Wharton Jr. is pursuing a new economic development strategy that would allow those parts of Tennessee bordering other states to mirror or match the incentives on the other side of the state line.

63. 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.

64. 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.

65. 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.

66. 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.

67. 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.

68. 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.

69. 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.

70. 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.

71. 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.

72. 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.

73. 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.

74. 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.

75. 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.

76. 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.

77. Milhaus Acquires Highland Row Property -

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

78. 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.

79. 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.

80. 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.

81. 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.

82. 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.

83. 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.

84. 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.

85. 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.

86. 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.

87. 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.

88. 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.

89. 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.

90. 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.

91. 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.

92. 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.

93. 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.

94. ’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.

95. 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.

96. 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.

97. 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.

98. 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.

99. 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.

100. 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.