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Editorial Results (free)

1. Collierville Office Building Owner Files $1.8 Million Loan -

The owner of the 15,632-square-foot office building at 60 Market Center Drive in Collierville has filed a $1.8 million loan on the property.

2. Former Ike’s on Summer Sells for $2.7 Million -

4569 Summer Ave. Memphis, TN 38122

Sale Amount: $2.7 million

Sale Date: May 17, 2013

3. Changing Current -

The Uptown waterfront along the Wolf River Harbor – the area of the rejuvenated Uptown neighborhood that has for the most part been left out of the revitalization – could soon become a bustling waterfront village, according to a recently released master plan for the area.

4. Cresthaven Medical Building Sells for $2.5 Million -

1068 Cresthaven Road Memphis, TN 38119

Sale Amount: $2.5 million

Sale Date: May 2, 2013

5. Nike Distribution Center Issued $4.4 Million Permit -

The city-county Office of Construction Code Enforcement has issued a $4.4 million mechanical permit for work on Nike Inc.’s North Memphis distribution center at 3100 New Frayser Blvd.

6. Oakhaven Warehouse Sells After Foreclosure -

4120 Air Trans Road, Memphis, TN 38118

Sale Amount: $2.5 million

Sale Date: May 7, 2013

7. Nike Files $3 Million Permit for Distribution Center -

Nike Inc. has filed a $3 million permit application with the city-county Office of Construction Code Enforcement for work on its North Memphis distribution center at 3100 New Frayser Blvd.

8. Whole Foods Files Permit for Expansion -

5014 Poplar Ave. Memphis, TN 38117

Permit Cost: $3.1 million

Project Cost: TBA

Permit Date: Applied April 2013

9. Council Tackles Budget, Tax Rate -

Memphis City Council members take their first steps Tuesday, May 7, toward approving a city operating budget and property tax rate for the fiscal year that begins July 1.

The council meets at 3:30 p.m. at City Hall, 125 N. Main St.

10. May 3-9: This Week in Memphis History -

1993: J. Terry Steib became the new bishop of the Catholic Diocese of Memphis.

The Harrah’s casino division of Memphis-based Promus Cos. announced plans to build a casino in Tunica on 150 acres of land five miles west of U.S. 61 with an opening date of late 1994.

11. Central Animal Hospital Files Loan on Property -

Central Animal Hospital at 2192 Central Ave. in Midtown has filed a $2.4 million loan on its property.

12. Commission Receives Schools Financials -

Shelby County Commissioners formally get the financials of Shelby County’s two public school systems Monday, May 6, in an action that is not expected to generate much debate.

But the financial statements for the fiscal year that ended June 30 is another step along the path toward the formal merger of both school systems effective at the end of the current fiscal year.

13. Four-Way Self Storage Facility Sells for $1.3 Million -

6780 Country Park Drive Memphis, TN 38134

Sale Amount: $1.3 million

Sale Date: April 9, 2013

14. County Commission Approves Tall Trees Sale -

Shelby County Commissioners approved Monday, April 15, the sale of the old Tall Trees Juvenile Detention facility at 3335 Old Getwell Road.

15. Trustee Tax Sale Makes $350,000 -

The most recent tax sale by the Shelby County Chancery Court Clerk’s office of tax delinquent properties brought in more than $350,000, according to Shelby County Trustee David Lenoir.

16. The New Beale -

Over the last four years, the next chapter in the development of Beale Street has been a stop-and-go affair. First would come announcements followed by silence from official channels.

Along with that silence, though, was quiet activity on the side, a movement that culminated with the March announcement of Memphis Mayor A C Wharton Jr.’s strategic planning committee’s report, “A Framework for Beale Street.”

17. Four-Way Self Storage Facility Sells for $1.3 Million -

The Four-Way Self Storage facility at 6780 Country Park Drive in Northeast Memphis has sold for $1.3 million.

18. County Commission Approves Tall Trees Sale -

Shelby County Commissioners approved Monday, April 15, the sale of the old Tall Trees Juvenile Detention facility at 3335 Old Getwell Road.

19. Market Stability -

Home permit activity held stable for the first quarter of this year compared with the same period last year, and local builders expect to see continued gradual improvement through this year and into next.

20. Harold Ford Sr. Buys Sycamore View Property -

1670 Sycamore View Road Memphis, TN 38134

Sale Amount: $1.8 million

Sale Date: April 8, 2013

21. Trustee Tax Sale Makes $350,000 -

The most recent tax sale by the Shelby County Chancery Court Clerk’s office of tax delinquent properties brought in more than $350,000, according to Shelby County Trustee David Lenoir.

22. Commission Weighs Tall Trees Sale -

The sale of the old Tall Trees juvenile detention facility, zoning code changes to account for trucks with four back tires and a possible revote on legal fees in the schools consolidation case top the Shelby County Commission agenda for Monday, April 15.

23. Harold Ford Sr. Buys Sycamore View Property -

Former U.S. Rep. Harold Ford Sr. of Memphis has paid $1.8 million for a shopping center at 1670 Sycamore View Road in Northeast Memphis.

24. Cordova Ridge Shops Sells for $1.8 Million -

An affiliate of Norcross, Ga.-based Safeway Group Inc. has paid $1.8 million for Cordova Ridge Shops, a retail shopping center at 1204 Houston Levee Road in unincorporated Cordova.

25. Agriculture Boom Fuels Agricenter Expansions -

Agriculture is a promising business, especially considering the rapidly growing worldwide demand for food and fiber products by a ballooning international population.

That’s the backdrop for construction that’s set to begin soon on a state-of-the-art greenhouse and research laboratory at Agricenter International.

26. Panther Properties Buys Two Cordova Apartments -

2350 N. Houston Levee Road and 2323 N. Houston Levee Road

27. Highwoods Buys Land for International Paper Expansion -

Highwoods Realty LP has bought two parcels of East Memphis land totaling about 5.1 acres that will be used for International Paper’s headquarters expansion.

28. Highwoods to Develop International Paper Tower -

The future of International Paper Co. in Memphis, where it’s long been based and where it recently reached a deal to solidify its presence here, is taking shape.

29. Highwoods Signs Build-To-Suit Lease with International Paper -

Highwoods Properties Inc. has signed a long-term build-to-suit lease with International Paper Co.

The agreement, announced by Highwoods Monday, March 25, involves Highwoods developing a 241,000-square-foot, nine-story Class A office building with structured parking in the Poplar Avenue corridor. That new building will sit directly across the street from International Paper’s world headquarters and main campus, and construction is expected to start in the fourth quarter, with completion by the end of the second quarter of 2015.

30. Berclair Dollar General Sells for Almost $1 Million -

3443 Jackson Ave., Memphis, TN 38122

Sale Amount: $971,000
Sale Date: March 14, 2013
Buyer: VM Property Investments LLC
Seller: Ware Properties LLC
Loan Amount: $679,700
Loan Date: March 14, 2013
Maturity Date: N/A
Lender: US Bank NA
Details: The 9,160-square-foot Dollar General store at 3433 Jackson Ave. in Berclair has sold for $971,000.

31. Sammons Seeks Final Cut Numbers From Delta -

Jack Sammons, the new chairman of the Memphis-Shelby County Airport Authority board, is no stranger to the flight from Memphis to Atlanta. Sammons long has been the board’s frequent flyer when it comes to business travel.

32. Berclair Dollar General Sells for Almost $1 Million -

The 9,160-square-foot Dollar General store at 3433 Jackson Ave. in Berclair has sold for $971,000.

VM Property Investments LLC of Sandy, Utah, bought the 2-year-old retail store from Ware Properties LLC, the Coldwater, Miss.-based company that developed the property.

33. Apperson Crump Expands in Triad III -

Memphis’ oldest continuously practicing law firm is expanding its presence in Triad III.

Apperson Crump PLC added 2,037 square feet to its seventh floor space in a vacant adjacent area between Silverleafe Capital Partners LLC.

34. Land Use to Consider RV Park Conversion -

The company that owns the old Memphis Mobile City mobile home park wants to turn the site that flooded seven times in 10 years including floods in 2010 and 2011 into a resort for recreational vehicles with cabins and manufactured homes on adjoining acreage.

35. California Company Buys Former Quebecor Facility -

828 E. Holmes Road Memphis, TN 38116

Sale Amount: $2.7 million

Sale Date: Feb. 15, 2013

36. Land Sale Paves Way for Honda Dealership -

American Way Motors Inc. has paid $2.8 million for 28.8 acres of land on Hacks Cross Road near its Tenn. 385 interchange.

37. City Council Approves Fairgrounds TDZ Request -

Memphis City Council members approved Tuesday, Feb. 19, plans for a tourism development zone to capture sales tax revenue in a large area for a renovation of the Fairgrounds property at first.

The boundaries of the zone go to the state for approval and city Community and Housing Development division director Robert Lipscomb said such a proposal could be at the state building commission in Nashville in April.

38. Green Line Marketing Doubles Office -

Green Line Marketing Group has outgrown its East Memphis office space due to its expanded staff and client roster.

The boutique agency has signed a 2,000-square-foot lease in Racquet Club Plaza, where it will relocate from its three 350-square-foot executive suites in Clark Tower by the end of the month.

39. Nike Buys Frayser Land From Belz for Expansion -

200 acres in Frayser Sale Amount: $2.2 million

Sale Date: Jan. 24, 2013

Buyer: Nike TN Inc.

40. Council Votes on Sales Tax Referendum -

Memphis City Council members take the first step toward a fall referendum on a citywide half percent sales tax hike Tuesday, Feb. 4, as they vote on the first of three readings of the referendum ordinance.

41. Nike Buys Frayser Land From Belz for Expansion -

Nike Inc. has paid $2.2 million for about 200 acres of vacant land in Frayser from Belz Investco GP for an expansion of its North Memphis distribution center.

42. Opera Memphis Becoming ‘Test Lab’ for Larger Companies -

In the middle of what might be its most experimental season yet, Opera Memphis is attracting curious on-lookers in companies around the country.

This week’s production of “Elixir of Love” will also involve the kind of imaginative setting that is garnering Opera Memphis’ reputation for innovation.

43. Quince Fred’s Super Dollar Sells for $2.1 Million -

6500 Quince Road, Memphis, TN 38119

Sale Amount: $2.1 million

Sale Date: Jan. 18, 2013

44. Quince Fred’s Super Dollar Sells for $2.1 Million -

The recently opened fred’s Super Dollar store at 6500 Quince Road in East Memphis has sold for $2.1 million.

45. Beale Bankruptcy Terms Nearly Done -

A federal bankruptcy court judge has adopted a settlement on the bankruptcy case involving control of the Beale Street Entertainment District.

But all sides in the legal action will be reading the fine print of the coming written court order carefully as one part of the long-running legal drama over the storied district nears an end.

46. Chism Hardy Moves Deeper Into Logistics -

The certified public accountant who bought the old Coors Belle brewery in Hickory Hill seven years ago and turned it into Hardy Bottling Co. has taken the supply chain lessons from the business into the logistics industry.

47. Former Harrah's Headquarters Sells for $4.1 Million -

The previous owner of the East Memphis office complex at 1023 Cherry Road has reinvested in the asset for $4.1 million.

48. Pinnacle Moving Memphis Headquarters to Minnesota -

Memphis-based Pinnacle Airlines Corp. is moving its headquarters to Minneapolis by May as part of its bankruptcy reorganization.

The regional air carrier announced the move out of One Commerce Square Downtown Thursday, Jan. 24, saying the new headquarters will be in vacant space leased by Delta Air Lines at the Minneapolis-St. Paul International Airport.

49. Former Harrah’s Headquarters Sells for $4.1 Million -

The previous owner of the East Memphis office complex at 1023 Cherry Road has reinvested in the asset for $4.1 million.

50. Former Harrah’s Headquarters Sells for $4.1 Million -

The previous owner of the East Memphis office complex at 1023 Cherry Road has reinvested in the asset for $4.1 million.

51. Council to Discuss Pyramid Development -

Memphis City Council members vote Tuesday, Jan. 22, on the “Memphis Pyramid Planned Development” – the formal name for the conversion of The Pyramid to a Bass Pro Shops store with other attractions including a hotel.

52. Shelby County Commission Finalizes Trustee Contract -

Shelby County Commissioners approved at their Monday, Jan. 14, meeting the agreement between the Shelby County Trustee’s office and the city of Memphis for Trustee David Lenoir to collect city property taxes for the city.

53. Tax Sale Draws 65 Bidders, Collects $212,000 in Overdue Taxes -

The results are in for the most recent Shelby County Tax Sale held Jan. 3-4 that drew 65 registered bidders.

The sale, the second of the fiscal year, featured more than 400 properties. A total of 26 properties were sold to individuals for $212,721.69 and another 403 were purchased by the county, said Wendie Blanton with the Shelby County Trustee’s Tax Sale Department.

54. Fourth-Quarter Bankruptcies Decline -

The 3,144 bankruptcy filings in Shelby County during the last three months of 2012 equal about a fourth of the year’s total.

And like the year-end totals, according to The Daily News Online, most of those filings – 2,484 – were Chapter 13 filings with another 654 filed as Chapter 7 and 6 in the Chapter 11 category.

55. Tax Sale Draws 65 Bidders, Collects $212,000 in Overdue Taxes -

The results are in for the most recent Shelby County Tax Sale held Jan. 3-4 that drew 65 registered bidders.

The sale, the second of the fiscal year, featured more than 400 properties. A total of 26 properties were sold to individuals for $212,721.69 and another 403 were purchased by the county, said Wendie Blanton with the Shelby County Trustee’s Tax Sale Department.

56. Shelby County Commission Finalizes Trustee Contract -

Shelby County Commissioners approved at their Monday, Jan. 14, meeting the agreement between the Shelby County Trustee’s office and the city of Memphis for Trustee David Lenoir to collect city property taxes for the city.

57. County Wage Theft Ordinance Defeated -

Shelby County Commissioners voted down a “wage theft” ordinance Monday, Jan. 14, on third and final reading.

The proposal failed on a 5-7 vote with very little debate among commissioners but a just about even split among 23 citizens who spoke on the issue before the commission voted.

58. County Wage Theft Ordinance Defeated -

Shelby County Commissioners voted down a “wage theft” ordinance Monday, Jan. 14, on third and final reading.

The proposal failed on a 5-7 vote with very little debate among commissioners but a just about even split among 23 citizens who spoke on the issue before the commission voted.

59. Realty Income Corp. Buys Herbalife Facility -

5025 Crumpler Road Memphis, TN 38141

Sale Amount: $16.6 million

60. Making Sense of the Merger -

There are several certainties for public education in Shelby County when the new school year begins in August.

Memphis City Schools and Shelby County Schools will be consolidated into a single countywide system and there will be more competition than most Memphians can remember in their lifetimes for that single consolidated school system.

61. Wharton Gives Beale Street Clues -

There would still be a role for the Beale Street Development Corp. in the second phase of development of the entertainment district.

62. Crowne Plaza Hotel Sells Out of Foreclosure -

300 N. Second St. Memphis, TN 38103

Sale Amount: $9.4 million

Sale Date: Dec. 28, 2012

63. Collierville Acreage Sells for $1.1 Million -

A partnership called Crisscross Partners LLC has paid $1.1 million for a 22.19-acre vacant parcel at 115 Crisscross Lane in Collierville.

64. Trustee to Hold Third Real Estate Road Show -

Shelby County Trustee David Lenoir is partnering with real estate information company Chandler Reports and the Community Development Council to present its third Real Estate Road Show Thursday, Jan. 3.

65. Southwind Homewood Suites Sells for $6.5 Million -

3583 Hacks Cross Road Memphis, TN 38125

Sale Amount: $6.5 million

Sale Date: Nov. 2, 2012

66. CashSaver Trades Hands for $3.2 Million -

The CashSaver in Midtown has traded hands. 

Kansas City, Kan.-based Super Market Developers Inc. bought the 69,017-square-foot building at 1620 Madison Ave. at Avalon Street from 1620 Madison LLC for $3.2 million. Fred Monks III, president/chief manager of 1620 Madison LLC, signed the special warranty deed.

67. ‘Banner Year’ for Logistics Industry -

Positive momentum far outweighed the negative in the local logistics and distribution industry during 2012, as city officials and business leaders continued elevating Memphis’s status as world logistics hub.

68. Trustee to Hold Third Real Estate Road Show -

Shelby County Trustee David Lenoir is partnering with real estate information company Chandler Reports and the Community Development Council to present its third Real Estate Road Show Thursday, Jan. 3.

69. Southwind Homewood Suites Sells for $6.5 Million -

The Homewood Suites by Hilton Southwind at 3583 Hacks Cross Road sold for $6.5 million in a successor trustee’s deed following a foreclosure.

70. Delta Blues Winery LLC Buys 15 Acres in Lakeland -

6495 Stewart Road Lakeland, TN 38002
Sale Amount: $165,000

Sale Date: Dec. 10, 2012

71. Metro Connection -

The Interstate 269 bypass loop is moving closer to completion as work continues on sections running through Collierville, Fayette County and into Mississippi.

Preliminary dirt work is under way to connect Tenn. 385 near the Collierville/Fayette County border to the Mississippi state line, and an eight-mile portion spanning from Poplar Avenue north to Macon Road will be complete by the end of next year.

72. Delta Blues Winery Buys Lakeland Acreage -

Delta Blues Winery LLC has paid $165,000 for 15 acres at 6495 Stewart Road in Lakeland to establish a winery at the location.

73. Southwind Hampton Inn Sells for $5.6 Million -

The Hampton Inn Memphis-Southwind hotel at 3579 Hacks Cross Road sold for $5.6 million in a successor trustee’s deed following a foreclosure.

74. Home Sales Up 16 Percent -

The Shelby County housing market continued to improve last month with year-over-year increases in home sales and average prices, and industry experts say those are just two of the signs that local residential real estate has stabilized.

75. Commission Approves Pidgeon Land Purchase -

Shelby County Commissioners approved Monday, Dec. 3, the purchase of 33.6 acres of land in the Frank C. Pidgeon Industrial Park by Carolyn Hardy for the Hardy Investment Trust.

76. Council Debates Golf Courses Fate -

Four golf courses owned and run by the city of Memphis are closed for the winter season as the Memphis City Council continues to debate the fate of the Whitehaven golf course, one of the four, which was to be closed permanently starting this month.

77. Commission Approves Pidgeon Land Purchase -

Shelby County Commissioners approved Monday, Dec. 3, the purchase of 33.6 acres of land in the Frank C. Pidgeon Industrial Park by Carolyn Hardy for the Hardy Investment Trust.

78. Commission Approves Pidgeon Land Sale, Weighs Schools Moves -

Shelby County Commissioners approved Monday, Dec. 3, the purchase of 33.6 acres of land in the Frank C. Pidgeon Industrial Park by Carolyn Hardy for the Hardy Investment Trust.

79. MED Buys East Memphis Land for $3.4 Million -

6525 Quince Road Memphis, TN 38119

Sale Amount: $3.4 million

Sale Date: Nov. 16, 2012

80. Commission to Vote on Industrial Land Sale -

Shelby County Commissioners take up the proposed sale Monday, Dec. 3, of 33.6 acres of land in the Frank C. Pidgeon Industrial Park in southwest Memphis.

Carolyn Hardy, owner of the Hardy Bottling Co. and consultant to the Blues City Brewery operation that later bought the plant, wants to buy the last available roadside acreage in the industrial park for a business to store and stage modular containers.

81. Gallina Centro Property Sells for $7.1 Million -

An affiliate of the Phoenix-based real estate investment trust Cole Capital Advisors Inc. has paid $7.1 million for the portion of the Gallina Centro strip center in Collierville that houses HomeGoods and Michael’s.

82. MED Buys East Memphis Land for $3.4 Million -

The Regional Medical Center at Memphis has closed on its $3.4 million purchase of two parcels totaling 54.5 acres of land at Quince Road and Tenn. 385 in East Memphis.

Operating in the transaction as Regional Med Properties LLC, the MED on Nov. 16 paid $3.4 million for 29.5 acres between Quince and 385 from KG Land LLC.

83. Jones Center Fulfills Dream at First Assembly Christian School -

If the walls could talk in the log cabin on the campus of First Assembly Christian School in Cordova, they might tell stories of home life in 1836 or of the visiting missionaries who used to stay there.

84. Heritage Trail Plan Raises Concerns -

While the focus of the Heritage Trail Community Redevelopment Plan is on public housing projects Cleaborn Pointe at Heritage Landing and Foote Homes, the 20-year plan has far reaching implications for Downtown stakeholders, especially real estate developers.

85. Boyle Buys Spring Creek Ranch Acreage -

Boyle Investment Co. through its subsidiary SCR Bravo Investments LLC has purchased the remaining 168 acres of land at Spring Creek Ranch in Collierville for $4.3 million.

86. Jones Back in Familiar Post at Millington City Hall -

After four years away from City Hall, Terry Jones returns to the Millington mayor’s office in January.

87. Development Accelerator -

The city of Millington didn’t have a city engineer until 2008 when it had to have one in order to have local control over the Veterans Parkway road construction project.

“I thought it was kind of my cross to bear since I was hired in 2008,” Millington City Engineer Darek Baskin said this week of the road.

88. Willow Oaks Apartments Sell for $1.5 Million -

2429 Ketchum Road Memphis, TN 38114

Sale Amount: $1.5 million

Sale Date: Nov. 2, 2012

89. Highpoint Church Buys Briarcrest’s East Memphis Campus -

After seven years of leasing space for its worship services, Highpoint Church has acquired Briarcrest Christian School Systems Inc.’s property at 6000 Briarcrest Ave. for $7.25 million.

90. Two Lenox Park Buildings Facing Foreclosure -

Lenox Park Professional Buildings A and B are facing a foreclosure sale after the properties’ owners defaulted on a 2007 loan for $17.3 million, according to a foreclosure notice in The Daily News’ Wednesday, Nov. 7, edition.

91. Commission Approves Bartlett Senior Facility -

If an expansion of an assisted-living facility at Baylor and Brunswick roads stays on schedule with votes next month by the Memphis City Council, the planned development should win final approval less than a month before the area it is in is annexed by the city of Bartlett.

92. Commission Votes Down Wage Theft Ordinance -

Shelby County Commissioners voted down a wage theft ordinance Monday Nov. 5 on the first of three readings.

Normally that would mean the proposal doesn’t advance to second and third readings. But commission chairman Mike Ritz said after conferring with the county attorney’s office, he interprets the rule to mean it can advance to second and third readings.

93. Hilliard Crews Buys Land In Collierville for $4.3 Million -

Hilliard Crews Partnership has paid a combined $4.3 million for roughly 67 acres of land in Collierville from Shea Partners.

The buying partnership, composed of Hilliard R. Crews Jr. and Hilliard LLC, bought the vacant parcel in two special warranty deeds Oct. 31 from an entity composed of Boyle Investment Co. and Boyle North Co. LLC.

94. Corporate Avenue Building Sells for $1.2 Million -

1721 Corporate Ave. Memphis, TN 38132

Sale Amount: $1.2 million

Sale Date: Oct. 26, 2012

95. City Council to Consider Sales Tax Hike Repercussions -

As voters go to the polls Tuesday, Memphis City Council members and Memphis Mayor A C Wharton Jr. will be discussing the sales tax increase on the ballot.

Wharton has requested a legal opinion from the City Attorney’s office on whether the tax can be “recalled” if it is approved by the voters but the money designated for education is not used to fund pre-kindergarten programs.

96. Bartlett Zoning Case Tops Commission Agenda -

Shelby County Commissioners take up a proposed assisted living facility at their meeting Monday, Nov. 5, that doesn’t yet require approval from the city of Bartlett but which is in an area Bartlett is seeking to annex.

97. Owner of Cordova Abbay's Files $1.3 Million Loan -

Abbay Hyde Enterprises LLC, the owner of the Abbay’s fast-food restaurant at 2345 N. Germantown Parkway in Cordova, has filed a $1.3 million on the property.

98. Case Management Buys Airport-Area Office Building -

3171 Directors Row Memphis, TN 38116

Sale Amount: $1.3 million

Sale Date: Sept. 28, 2012

99. Georgia Company Files Loans on Auto Dealerships -

Duluth, Ga.-based JWE ACE LLC has filed loans for $9.5 million and $1.3 million, respectively, for the auto dealerships at 3060 N. Germantown Road in Bartlett and 1831 Getwell Road in Memphis.

100. Nashville Company Buys Wolf River Medical Building for $11 Million -

8040 Wolf River Blvd.
Germantown, TN 38138
Sale Amount: $11 million

Sale Date: Oct. 9, 2012
Buyer: HRT of Tennessee Inc.
Seller: Bayrock Investment Co. LLC
Details: HRT of Tennessee Inc., an affiliate of Nashville-based Healthcare Realty Trust Inc., has paid slightly less than $11 million for the medical office building at 8040 Wolf River Blvd. in Germantown.