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Editorial Results (free)

1. Co-Branded Hilton to Rise in Germantown -

The first major mixed-use development in Germantown’s western gateway zone is moving forward and will include the first co-branded hotel in the Memphis area.

Developer Ray Gill of Gill Properties is moving forward with plans to build a development that includes office, retail and hotel space on the 10-acre site in Germantown that formerly housed the Nelson-Kirby Farm House.

2. Commercial Advisors Asset Services Sees Strong Growth -

Kemp Conrad joined the asset services team at Cushman & Wakefield/Commercial Advisors in 2007 after CB Richard Ellis acquired his former employer, Trammel Crow Co.

3. Real Estate Pros Upbeat -

After finally latching on to the broader national economic recovery in 2013, the Memphis-area commercial real estate market shook of the last vestiges of the Great Recession and roared back to life in 2014 with the office, retail, industrial and apartment sectors all producing solid gains.

4. The Science Behind Making the Visible Invisible -

Researchers like Dr. Rami Kalyanaraman and Gerd Duscher, associate professors of materials science engineering at the University of Tennessee, could not develop cloaking devices or work to achieve true invisibility without the use of metamaterials. But what are these fancy new materials and how do they work?

5. Vanderbilt's Valentine Honored for Cloaking Research -

Dr. Jason Valentine, assistant professor of both mechanical and electrical engineering at Vanderbilt University, got his start in cloaking research as a graduate student at the University of California, Berkeley.

6. Now You See It … -

Ferris Hall is an unassuming brick building on the edge of the University of Tennessee’s College of Engineering campus and home to the Department of Materials Science Engineering. There, Drs. Ramki Kalyanaraman and Gerd Duscher have opened the door to applying the magic of Hogwarts to military camouflage, cancer treatment or even Halloween costumes for a new generation.

7. Flexing Its Muscles, LA Fitness Eyes Third Store -

LA Fitness is eyeing a property in the heart of East Memphis for its third Memphis-area location.

The California-based fitness center chain is considering opening its third store in the Memphis market at 1285 Ridgeway Road, according to sources.

8. County Home Sales Dip in January -

Fewer homes were sold in Shelby County in January when compared to last year, but pricing remained strong.

There were 1,018 homes sold in Shelby County in January, down 7.5 percent from 1,100 sales in January 2014, according to real estate information company Chandler Reports, www.chandlerreports.com.

9. US Home Sales Plunge 4.9 Percent in January -

WASHINGTON (AP) – U.S. home sales struck a snow drift in January, plunging to the slowest pace in nine months.

The National Association of Realtors said Monday that sales of existing homes tumbled 4.9 percent last month to a seasonally adjusted annual rate of 4.82 million. That brings sales down to their lowest level since April 2014.

10. Airport Authority Plans Seismic Upgrades -

The Memphis-Shelby County Airport Authority is beefing up seismic protections at several properties.

The Airport Authority has applied to the city-county Office of Construction Code Enforcement for four building permits totaling $1 million for seismic improvements at 2865 Rudder Road, 4100 Louis Carruthers Road, 2756 Winchester Road and 4376 Airways Blvd.

11. Sprouts Opening Lakeland Store May 13 -

Sprouts Farmers Market, a fast-growing specialty grocery chain, has set an opening date for its first Memphis-area store.

Phoenix-based Sprouts, which replicate the look and feel of an indoor farmers market and specialize in fresh, organic and healthy food, will open a 28,000-square-foot store in a former Kroger at 9050 U.S. 64 in Lakeland on May 13.

12. Comfy Camping -

The way Andy Cates explains it, camping out hasn’t changed a lot in about half a century.

And while “roughing it” appeals to many of those in search of outdoors experiences, for others – sometimes in the same family – it doesn’t or it isn’t possible.

13. Maines Paper & Food Service Continues Work in Arlington -

11420 Gulf Stream Road
Memphis, TN 38002
Permit Amount: $2.5 million

Permit Application Date: February 2015
Owner: W D Arlington LLC
Tenant: Maines Paper & Food Service
Details: More new construction is planned at the Maines Paper & Food Service cold-storage facility in Arlington.

14. Fairfield Inn & Suites Sells for $3 Million -

A Fairfield Inn & Suites by Marriott near Perkins Road and Interstate 40 in East Memphis has been sold for $3 million.

Suit & Tie Lodging LLC, operating in care of Iowa-based Hawkeye Hotels, bought the hotel at 4760 Showcase Blvd. from Leeward Strategic Properties LLC, operating in care of GE Capital Real Estate, according to a Feb. 5 special warranty deed.

15. Tigers Sports Properties Names General Manager -

Learfield Sports has appointed Lucas Kraut general manager for its locally based Tiger Sports Properties entity, the exclusive multimedia rights holder for University of Memphis Athletics. The U of M is one of the nearly 100 collegiate properties represented by Learfield Sports.

16. 1212 Makes Statement With January Sales -

What a difference a boom makes. In 2008, when the Icon condos in the Gulch were beginning to close, the developer was under scrutiny. Some doubted the veracity of his reported sales figures.

One group even went as far as to photograph the tower under the cover of darkness in order to prove no one lived there. If the lights are out, they argued, units had not been sold.

17. Airport Authority Seeks Permits for Seismic Work -

The Memphis-Shelby County Airport Authority is beefing up seismic protections at several properties.

The Airport Authority has applied to the city-county Office of Construction Code Enforcement for four building permits totaling $1 million for seismic improvements at 2865 Rudder Road, 4100 Louis Carruthers Road, 2756 Winchester Road and 4376 Airways Blvd.

18. Airport Authority Seeks Four Building Permits -

The Memphis-Shelby County Airport Authority is beefing up seismic protections at several properties.

The Airport Authority has applied to the city-county Office of Construction Code Enforcement for four building permits totaling $1 million for seismic improvements at 2865 Rudder Road, 4100 Louis Carruthers Road, 2756 Winchester Road and 4376 Airways Blvd.

19. Planned Downtown Hotel Features Urban Design -

A new rendering of a proposed LaQuinta Inn & Suites hotel at Union Avenue and Danny Thomas Boulevard Downtown shows a more urban design than a previous stock rendering sent to city and county planners.

20. Gas Station, Convenience Store Sell for $785,000 -

Investors have purchased a Southeast Memphis gas station and convenience store for $785,000.

Ajit Varma and Haseena Ajit Varma, purchased the Texaco gas station at 4219 Riverdale Road from Hudson Properties LLC, according to a Jan. 30 warranty deed.

21. Events -

The Memphis Chapter of the Public Relations Society of America will honor Loeb Properties president Bob Loeb, the chapter’s 2014 Communicator of the Year, at its monthly luncheon Thursday, Feb. 12, at 11:45 at the University Club, 1346 Central Ave. Cost is free for members and $25 for nonmembers. Visit prsamemphis.org.

22. Tigers Sports Properties Names New General Manager -

Learfield Sports has appointed Lucas Kraut general manager for its locally based Tiger Sports Properties entity, the exclusive multimedia rights holder for University of Memphis Athletics.

The U of M is one of the nearly 100 collegiate properties represented by Learfield Sports.

23. Events -

The Tennessee Small Business Development Center and Waller Lansden Dortch and Davis LLP will kick off the “Protecting Your Intellectual Property” series Thursday, Feb. 12, from 8:30 a.m. to 11 a.m. at the Renaissance Business Center, 555 Beale St. Participants will learn more about patents, copyrights, trademarks, nondisclosure agreements and more to protect their business. Visit tsbdc.org/swtcc or call 901-333-5085 to register.

24. Fairfield Inn & Suites Sells for $3 Million -

A Fairfield Inn & Suites by Marriott near Perkins Road and Interstate 40 in East Memphis has sold for $3 million.

Suit & Tie Lodging LLC, operating in care of Iowa-based Hawkeye Hotels, bought the hotel at 4760 Showcase Blvd. from Leeward Strategic Properties LLC, operating in care of GE Capital Real Estate, according to a Feb. 5 special warranty deed.

25. Events -

The Center City Revenue Finance Corp. will meet Tuesday, Feb. 10, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

26. Fogelman Company Launching Retail Center in East Memphis -

6544 Poplar Ave.
Memphis, TN 38118

Permit Amount: $3.2 million

Permit Application Date: February, 2015

27. Developer Seeks Permit to Renovate The Horizon -

The new owner of The Horizon condominium tower on Riverside Drive Downtown is moving forward with renovating the tower.

Dawn Properties Inc. has applied for a $2 million building permit to begin construction on the first three floors of the 155-unit tower.

28. Events -

Morris Auction Group will host a free seminar for potential property sellers to learn about the real estate auction marketing method Monday, Feb. 9, at 6 p.m. at the Morris Auction Group offices, 2687 Mount Moriah Terrace. Visit morrisauctiongroup.com for details.

29. Eastern Heights Apts. Sells for $3.4 Million -

An apartment development near Chickasaw Country Club has sold for $3.4 million.

Eastern Heights Partners, a Tennessee general partnership, bought the 130-unit Eastern Heights Apartments from Eastern Heights Apartments Ltd., according to a Jan. 23 warranty deed.

30. Loeb Chosen as PRSA Communicator of the Year -

The Memphis Chapter of the Public Relations Society of America has chosen Loeb Properties Inc. president Bob Loeb as its Communicator of the Year and will honor him at its monthly luncheon Thursday, Feb. 12, at the University Club.

31. Events -

Teach901 will host its third annual teacher job fair Tuesday, Feb. 10, from 5 p.m. to 8 p.m. at Central BBQ Downtown, 1247 Butler Ave. Candidates interested in pursuing a career as an educator in the Memphis area are invited. More than 20 organizations will be seeking hires. Visit teach901.com/job-fair to register.

32. ‘Government’s Too Big and People are Sick of It’ -

Knox County Mayor Tim Burchett is an enigma of the modern civil servant, a career politician who doesn’t seem to take himself too seriously. He thinks he’s paid too much (his salary is state mandated) and brings it up often in interviews with the media.

33. Growth is Great, But Where Will Workers Live? -

For the past two years, developers, property owners and Realtors alike have been treated to what some call the best real estate market in the country. Sellers are realizing astronomical returns on their investments as they shed properties that they have been strapped with for years.

34. Developer Seeks Permit to Renovate The Horizon -

The new owner of The Horizon condominium tower on Riverside Drive Downtown is moving forward with renovating the tower.

Dawn Properties Inc. has applied for a $2 million building permit to begin construction on the first three floors of the 155-unit tower.

35. Loeb Properties Bullish on Center City Development -

When Loeb Properties Inc. acquired the warehouse at 2542 Broad Ave. in 1995, Aaron Petree, the company’s current vice president of brokerage, was just starting high school.

36. Assessor Allegations Dismissed as ‘Baseless’ -

An anonymous ethics complaint against Shelby County Assessor Cheyenne Johnson in January included lots of documents and lots of allegations.

But whoever filed the complaint with the county’s ethics officer missed a crucial detail in making the allegation that Johnson supposedly forged her son’s name on documents for properties owned by Faith Investment Group LLC.

37. Loeb Chosen as PRSA Communicator of the Year -

The Memphis Chapter of the Public Relations Society of America has chosen Loeb Properties Inc. president Bob Loeb as its Communicator of the Year and will honor him at its monthly luncheon Thursday, Feb. 12, at the University Club.

38. Loeb Properties Targets Broad Avenue -

Memphis-based Loeb Properties will help revitalize another core city neighborhood. Fresh off redeveloping Overton Square and currently involved in the Highland Strip, Loeb has set its sights on Broad Avenue.

39. Eastern Heights Apartments Sells for $3.4 Million -

An apartment development near Chickasaw Country Club has sold for $3.4 million.

Eastern Heights Partners, a Tennessee general partnership, bought the 130-unit Eastern Heights Apartments from Eastern Heights Apartments Ltd., according to a Jan. 23 warranty deed.

40. 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.

41. 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.

42. 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.

43. 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.

44. 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.

45. 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.

46. 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.

47. 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.

48. 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.

49. 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.

50. 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.

51. 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.

52. 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.

53. 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.

54. 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.

55. 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.

56. 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.

57. 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.

58. 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.

59. 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.

60. 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.

61. 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.

62. 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.

63. 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.

64. 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.

65. 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.

66. 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.

67. 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.

68. 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.

69. 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.

70. 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.

71. 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.

72. 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.

73. 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.

74. 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.

75. 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.

76. 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.

77. 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.

78. 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.

79. 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.

80. 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.

81. 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.

82. 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.

83. 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.

84. 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.

85. 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.

86. 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.

87. 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.

88. 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.

89. 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.

90. 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.

91. 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.

92. 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.

93. 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.

94. 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.

95. 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.

96. 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.

97. 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.

98. 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.

99. 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.

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

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