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Editorial Results (free)

1. Dallas Company Buys Macon Road Center -

6100 Macon Road
Memphis, TN 38134
Sale Amount: $1.2 million

Sale Date: March 26, 2014
Buyer: PNL Cumberland LLC
Seller: Flagstar Bank FSB
Loan Amount: $862,500
Loan Date: April 1, 2014
Maturity Date: N/A
Lender: Pinnacle Bank
Details: An affiliate of Dallas-based The PNL Cos. has paid $1.2 million for the 30,000-square-foot shopping center at 6100 Macon Road in Northeast Memphis.

2. Dallas Company Buys Macon Road Center -

An affiliate of Dallas-based The PNL Cos. has paid $1.2 million for the 30,000-square-foot shopping center at 6100 Macon Road in Northeast Memphis.

3. Galvanizing Company Files Permit for Facility -

3328 Fite Road
Millington, TN 38053
Permit Cost: $1.9 million

Project Cost: N/A
Permit Date: Applied March 2014
Completion: N/A
Owner: 3328 Fite LLC
Tenant: 3328 Fite LLC
Architect: N/A
Contractor: N/A
Details: An affiliate of Columbus, Ohio-based “hot dip galvanizing” company Voigt & Schweitzer LLC plans to construct a 63,120-square-foot facility near Millington.

4. Nolan AV Files Loan on Shelby Oaks Facility -

Longtime audio-visual company Nolan AV has filed a $1 million loan on its industrial facility at 6225 Shelby Oaks Drive in Northeast Memphis.

5. Former Motel 6 Sells for $1.4 Million -

1321 Sycamore View Road
Memphis, TN 38134
Sale Amount: $1.4 million

Sale Date: Jan. 13, 2014
Buyer: P & S Hospitality LLC
Seller: G6 Hospitality Property LLC
Loan Amount: $1.1 million
Loan Date: Jan. 14, 2014
Maturity Date: N/A
Lender: Argent Bank
Details: The former Motel 6 at 1321 Sycamore View Road in Northeast Memphis has traded hands for $1.4 million.

6. Former Motel 6 Sells for $1.4 Million -

The former Motel 6 at 1321 Sycamore View Road in Northeast Memphis has traded hands for $1.4 million.

7. Meadows Apartments Sell for $9 Million -

The 200-unit Meadows Apartments at 5580 Raleigh-LaGrange Road in Northeast Memphis have sold for $9 million.

RCP Meadows LLC, an affiliate of New York-based RCP General Inc., bought the multifamily property in a Jan. 10 special warranty deed from SCA Meadows LP.

8. Belz Sells Shelby Oaks EnSafe Center for $910,000 -

5710-5730 Summer Trees Drive
Memphis, TN 38134
Sale Amount: $910,000

Sale Date: Jan. 10, 2014
Buyer: EnSafe Inc.
Seller: BICO Associates GP
Details: An affiliate of Belz Enterprises has sold the five-building Shelby Oaks EnSafe Center office complex on Summer Trees Drive in Northeast Memphis for $910,000.

9. Owner Files Loan on Summer Avenue Walgreens -

The owner of the Walgreens drugstore at 5828 Summer Ave. (U.S. 70) in Northeast Memphis has filed a $4.7 million loan on the property.

10. Building Capacities -

Major road and highway projects like the Interstate 269 loop, I-40/240 and the Mallory Road interchange near Frank Pigeon Industrial Park made substantial progress during 2013, with several phases of important transportation corridors wrapping up and new projects planned for 2014 and beyond.

11. Ruby Tuesday Sells Bartlett Lots for $1.1 Million -

8348 U.S. 64
Bartlett, TN 38133
Sale Amount: $1.1 million

Sale Date: Dec. 5, 2013

Buyer: 64 Kate Hyde Partners

12. Ruby Tuesday Sells Bartlett Lots for $1.1 Million -

Ruby Tuesday Inc. has sold two vacant lots at 8348 U.S. 64, also known as Stage Road, in Bartlett for $1.1 million.

13. Embassy Suites Memphis Sells for $24.8 Million -

1022 S. Shady Grove Road
Memphis, TN 38119
Sale Amount: $24.8 million

Sale Date: Nov. 15, 2013
Buyer: 1022 South Shady Grove LLC
Seller: 1022 Shady Grove LLC
Loan Amount: $22.6 million
Loan Date: Nov. 15, 2013
Maturity Date: N/A
Lender: Great American Life Insurance Co.
Details: An affiliate of Chicago-based hotel asset manager Lodging Capital Partners LLC has paid $24.8 million for the Embassy Suites Memphis hotel at 1022 S. Shady Grove Road in East Memphis.

14. Macon Cove Fairfield Inn Sells for $2.3 Million -

Minesh Patel of Memphis has paid $2.3 million for the 63-room Fairfield Inn & Suites at 6010 Macon Cove in Northeast Memphis.

15. Connection Complete -

State and local officials will cut the ribbon on the last piece of Tenn. 385 on the morning of Friday, Nov. 22, and the eight-mile stretch of road will open to motorists later in the day.

The roughly eight-mile section between Macon Road and Tenn. 57 in Piperton is the final piece of a nearly 50-mile route that travels from Millington through Arlington and south through Fayette County and into Collierville before linking back to Interstate 240 in the city of Memphis. Work on the $74 million section began in November 2009.

16. Former Drury Inn Sells for $4.1 Million -

The 118-room former Drury Inn & Suites motel at 1556 Sycamore View Road in Northeast Memphis has sold for $4.1 million.

17. Yuletide Office Solutions Adapts to Changing Industry -

Paperless office. It’s a phrase to strike fear in the heart of any office supply provider. “I used to sell ‘While You Were Out’ pads in the two-part books every day,” said Chris Miller, president of Yuletide Office Solutions. “I might sell a dozen ‘While You Were Out’ pads once every three months now.”

18. Yuletide Office Solutions Adapts to Changing Industry -

Paperless office. It’s a phrase to strike fear in the heart of any office supply provider.

“I used to sell ‘While You Were Out’ pads in the two-part books every day,” said Chris Miller, president of Yuletide Office Solutions. “I might sell a dozen ‘While You Were Out’ pads once every three months now.”

19. Reconfigured Interchange To Improve Traffic Flow -

Phase II of substantial improvements are about to begin on the Interstate 40/240 interchange in East Memphis that will address the expected traffic increase in this area for decades to come. The average daily traffic (ADT) on I-40 has grown from 49,000 vehicles in 1985 to about 200,000 vehicles a day in 2013. By 2035, projections show the interchange could be handling well over 350,000 vehicles.

20. Campbell Clinic Pays $3.2 Million for Surgery Center -

255 Dr. Martin Luther King Jr. Memphis, TN 38104
Sale Amount: $3.2 million

21. Sycamore Lakes Apartments Sells for $9 Million -

The 353-unit Sycamore Lakes apartment complex at 2174 Raleigh-LaGrange Road in Raleigh has sold for $9 million.

An entity called Sycamore Lake Property Owner LLC bought the sprawling complex in an Oct. 1 special warranty deed from Sycamore Lakes, successor to Sycamore Lakes LLC. A quitclaim deed, in which Robert F. Fogelman transferred the property to the seller, preceded the sale.

22. Nike Files $4.3 Million Permit for Frayser Facility -

3100 New Frayser Blvd.
Memphis, TN 38128
Permit Cost: $4.3 million

Project Cost: $301 million
Permit Date: Applied September 2013
Completion: TBA
Owner: Nike Inc.
Tenant: Nike Inc.
Architect: N/A
Contractor: Wynright Corp.
Details: Nike Inc. has filed a $4.3 million building permit with the city-county Office of Construction Code Enforcement for work on its North Memphis distribution center at 3100 New Frayser Blvd.

23. Owner Files $16.9 Million Loan on River Trace Apartments -

The owner of the 440-unit River Trace Apartment Homes, at 2165 E. River Trace Drive near Bartlett, has filed a $16.9 million loan on the property.

24. Democrats ‘Roast’ Herenton, Look Ahead to 2014 -

Divisions within the local Democratic party took a backseat over the weekend as the Shelby County Democratic Party held the first of two large fundraisers for the 2014 election year.

But the look back for the party came with some advice for the future.

25. New Model Brings Ford Back to Funeral Business -

Memphis political icon Harold Ford Sr. is changing careers again. In this case, it is a return to the Ford family business for the 11-term U.S. representative, who has been a Washington consultant and lobbyist since he opted not to seek re-election in 1996.

26. Conservancy Wants Guarantees on Shelby Farms Parkway -

The Shelby Farms Park Conservancy wants to see more work toward agreements about a proposed Shelby Farms parkway, including no big-rig truck traffic, that are its conditions for agreeing to the long-discussed road.

27. Conservancy Wants Guarantees on Shelby Farms Parkway -

The Shelby Farms Park Conservancy wants to see more work toward agreements about a proposed Shelby Farms parkway, including no big-rig truck traffic, that are its conditions for agreeing to the long-discussed road.

28. Shelby Farms Parkway Hearings Continue -

Tennessee transportation officials return Tuesday, Sept. 24, to the topic of a parkway through Shelby Farms Park.

29. Oklahoma Hotel Group Buys Baymont Inn -

6020 Shelby Oaks Drive
Memphis, TN 38134
Sale Amount: $2.1 million

Sale Date: Aug. 6, 2013
Buyer: Champion Regional Development LLC
Seller: BRE/LQ Properties LLC
Loan Amount: $2.1 million
Loan Date: Aug. 7, 2013
Maturity Date: N/A
Borrowers: Sunny Management LLC; KNSB LLC; Jansa LLC
Lender: InterBank
Details: An affiliate of Oklahoma City-based Champion Hotels has paid $2.1 million for the 103-room Baymont Inn & Suites Memphis East hotel at 6020 Shelby Oaks Drive in Northeast Memphis.

30. Oklahoma Hotel Group Buys Baymont Inn -

An affiliate of Oklahoma City-based Champion Hotels has paid $2.1 million for the 103-room Baymont Inn & Suites Memphis East hotel at 6020 Shelby Oaks Drive in Northeast Memphis.

31. Barnhart Buys Industrial Property for Expansion -

2085 W. E. Freeman Drive
Memphis, TN 38114

Sale Amount: $2.6 million

Sale Date: June 27, 2013

Buyer: Barnhart Crane and Rigging Co.

32. Sycamore View Starbucks Sells for $1.1 Million -

The Starbucks coffee shop at 1615 Sycamore View Road in Northeast Memphis has sold for $1.1 million.

33. 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

34. Ford Files Trust Deed for Sycamore View Property -

Former U.S. Rep. Harold Ford Sr. of Memphis has filed a $900,000 loan on the shopping center at 1670 Sycamore View Road in Northeast Memphis that he recently bought.

35. Council OKs Apartments, Golf Driving Range -

Memphis City Council members approved Tuesday, May 7, a golf driving range on Summer Avenue north of Sycamore View Road, a 240-unit apartment complex on 19.3 acres at Lenow and Dexter roads and a 69-unit apartment complex on the northern side of Shelby Farms Park to the west of Germantown Parkway.

36. Council Approves Apartments, Golf Driving Range -

Memphis City Council members approved Tuesday, May 7, a golf driving range on Summer Avenue north of Sycamore View Road, a 240-unit apartment complex on 19.3 acres at Lenow and Dexter roads and a 69-unit apartment complex on the northern side of Shelby Farms Park to the west of Germantown Parkway.

37. Council Moves on School Funding Standoff -

Memphis City Council members want to try to resolve the Memphis City Schools $57 million court judgment against the city as well as the city’s legal counterclaim that the school system owes it more than twice that by the end of this month.

38. 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.

39. Harold Ford Sr. Buys Sycamore View Property -

1670 Sycamore View Road Memphis, TN 38134

Sale Amount: $1.8 million

Sale Date: April 8, 2013

40. 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.

41. Swinnea Warehouse Sold in Lieu of Foreclosure -

4550 Swinnea Road, Memphis, TN 38118

Sale Amount: $4.2 million
Sale Date: March 7, 2013
Buyer: JPMCC 2007-LDP10 – 4550 SWINNEA RD LLC
Seller: Industrial Memphis International Owner LLC
Details: The Memphis International Distribution Center at 4550 Swinnea Road in Oakhaven has sold for $4.2 million in lieu of foreclosure.

42. Macon Cove Hotel Sells for $1.9 Million -

The 129-room hotel at 6068 Macon Cove near Sycamore View Road and Interstate 40 has sold for $1.9 million.

43. Arena Transformation -

As the city of Memphis is nearing completion of its preparation of The Pyramid for Bass Pro Shops, the Springfield, Mo.-based retailer is slated to start its part of the project in March.

The city and Bass Pro Shops in January filed two building permits with the city-county Office of Construction Code Enforcement for $21.5 million and $7 million for renovations to 32-story The Pyramid arena at 1 A.W. Willis Ave.

44. Hickory Hill Warehouse Sells for $15.7 Million -

6380 Holmes Road Memphis, TN 38141

Sale Amount: $15.7 million

Sale Date: Dec. 5, 2012

45. Village of Sycamore Ridge Owner Files $4.3 Million Loan -

The owner of the Village of Sycamore Ridge – a 114-unit apartment community at 1945 Sycamore View Road near Bartlett – has filed a $4.3 million multifamily deed of trust, absolute assignment of leases and rents and security agreement (including fixture filing) on the property.

46. 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.

47. Summer Avenue Walgreens Sells for $4 Million -

The 14,092-square-foot Walgreens store at 5828 Summer Ave. (U.S. 70) has sold for $4 million to an entity called ARC WGMEMTN001 LLC.

48. Shelby Oaks Red Roof Inn Sells for $1.6 Million -

6055 Shelby Oaks Drive
Memphis, TN 38134

Sale Amount: $1.6 million

Sale Date: Sept. 19, 2012

49. Shelby Oaks Red Roof Inn Sells for $1.6 Million -

The Red Roof Inn at 6055 Shelby Oaks Drive has traded hands for the second time in a year and for the same sales price of $1.6 million.

50. Shelby Farms Parkway Still Unresolved -

The political road to a Shelby Farms Parkway that extends Kirby Parkway through the northwestern edge of Shelby Farms Park to link up with Whitten Road has a few turns and lots of mileage left in it.

51. Shelby Crossing Retail Center Sells for $2M in Foreclosure -

6100 Macon Road
Memphis, TN 38134

Sale Amount: $2 million

Sale Date: July 13, 2012

52. Bank Buys Shelby Crossing at $2M Foreclosure Sale -

Flagstar Bank FSB has bought back a shopping center near Bass Pro Shops on Macon Road at a $2 million foreclosure sale after owners Sun Shelby LLC defaulted on a 2007 loan through the bank.

53. City Files $12 Million Permit App To Build Overton Square Garage -

2100 Monroe Ave.
Memphis, TN 38104

Permit Cost: $12 million

Permit Date: Applied June 2012

54. $3.5M Construction Loan Filed for Summer Trace -

SBV-Memphis-Summer Trace has filed a $3.5 million construction loan for the 255-unit Summer Trace Apartments at 6015 Summer Trace Drive in the Raleigh/Bartlett apartment submarket.

55. New Owner For Bartlett Car Wash Property -

A former car wash site in Bartlett has traded hands. Nyan Jaf acquired the 0.71-acre lot at 5960 Summer Ave. from Mr. Carwash LLC for $65,000.

56. Shelby Crossing Center in Foreclosure -

Shelby Crossing phase II, a 30,000-square-foot shopping center on Macon Road near Bass Pro Shops, is in foreclosure after its owners defaulted on a $2.4 million loan, according to a first-run foreclosure notice in the Wednesday, April 18, Daily News.

57. Drexel Buys Presidents Is. Warehouse -

A longtime Memphis-based agricultural chemical provider has snatched up a warehouse on Presidents Island, where it already has a strong presence.

Drexel Chemical Co. purchased the 137,526-square-foot former manufacturing and distribution facility on 12 acres at 2070 and 2071 Channel Ave. on Presidents Island from HPD Properties LLC for $810,000, or $5.89 per square foot.

58. CBRE Brokers Sale of 2 Apt. Complexes -

CB Richard Ellis Memphis closed two multifamily properties in early January – Oakshire and Summer Trace Apartments.

Tommy Bronson III and Blake Pera with CBRE Memphis’ multifamily division represented LILO LLC in the sale of Oakshire to Memphis Bell LLC.

59. SCO’s Steele Receives Optometry Recognition -

Dr. Glen T. Steele, a professor at the Southern College of Optometry, has received the prestigious William Feinbloom Award from the American Academy of Optometry for his work with InfantSEE.

60. Coba Named President of ServiceMaster Divs. -

Thomas Coba, the outgoing chief operating officer of Subway Restaurants, has been named the new president of ServiceMaster Clean and Merry Maids, two divisions of Memphis-based The ServiceMaster Co.

61. Former C’ville Fitness Center Sells For $2.7M -

Memphis-based Hackmeyer Properties has bought the former Prairie Life Fitness Center at 3690 S. Houston Levee Road in Collierville from Prairie Life Fitness LLC for $2.7 million and is leasing the 57,264-square-foot facility to a new fitness company.

62. Shelby Oaks Red Roof Among 143 Sold -

6055 Shelby Oaks Drive
Memphis, TN 38134
Sale Amount: $1.6 million

63. Memphis Red Roof Among 143 Sold -

A Red Roof Inn on Shelby Oaks Drive is one of 143 bought by a joint venture as part of Red Roof Inns Inc.’s efforts to recapitalize ownership of its assets.

64. Substantial Deal Inked By Ontario-Based Manufacturer -

A substantial lease has been signed in a formerly distressed southwest Memphis industrial park that has made leaps and bounds since it was purchased by an out-of-town investor earlier this year.

KIK Custom Products, an Ontario-based manufacturer of national and retail brand consumer products, has signed a lease for 115,000 square feet in the Space Center Industrial Park, 265-353 Titan Drive.

65. Brentwood Place Apartments Sells for $8.5 Million -

1835 Sycamore View Road
Memphis, TN 38135
Sale Amount: $8.5 million

66. Brentwood Place Apts. Sells for $8.5 Million -

Slidell, La.-based Southern Breeze LLC has bought the Brentwood Place Apartments complex at 1835 Sycamore View Road from Grant Investment LLC for $8.5 million. The deal closed Aug. 22.

67. Cordova’s Parkway Place Hits 100 Pct -

Two recent leases at Parkway Place Office have brought the center to 100 percent occupancy. Guardian Community Living LLC signed a 10,500-square-foot lease in the 70,000-square-foot office annex that is situated in Cordova.

68. Dalphis Holdings Files for Chapter 11 Bankruptcy -

Memphis window covering company Dalphis Holdings LLC has filed a Chapter 11 bankruptcy reorganization petition.

69. Sanderlin Nursing Home Financed for $4.8M -

5070 Sanderlin Ave.
Memphis, TN 38117
Loan Amount: $4.8 million

Loan Date: May 1, 2011
Maturity Date: June 1, 2036
Borrower: Bright Glade Long Term Facility Inc.
Lender: Lancaster Pollard Mortgage Co.

70. La Quinta Financed for $2.7 Million -

LaVista LLC has financed a 41,992-square-foot, 64-unit La Quinta Inn through Fidelity Bank for $2.7 million.

71. FedEx Files $10.8M Permit For Demolition Work -

2781 Democrat Road
Memphis, TN 38118
Permit Amount: $10.8 million

Permit Date: Applied April 2011
Owner: FedEx
Tenant: FedEx
Contractor: Flintco Inc.

72. Country Nightclub Two-Steps Into Town -

A new nightclub is saddling up at Sycamore View and Interstate 40. Country and dance nightclub Electric Cowboy has signed a 14,435-square-foot lease in Shelby Crossing Shopping Center, 6160 Macon Road.

73. Country Nightclub Two-Steps Into Town -

A new nightclub is saddling up at Sycamore View and Interstate 40.

Country and dance nightclub Electric Cowboy has signed a 14,435-square-foot lease in Shelby Crossing Shopping Center, 6160 Macon Road.

74. Sycamore View Office Sells for $1.2 Million -

Pensacola, Fla.-based DNBC Holdings LLC has bought parcels at 1341 Sycamore View Road and 6075 Executive Center Drive in the 38134 ZIP code from Calvin Howell for $1.2 million.

75. Family Dollar Signs 2 Leases for Stores -

Family Dollar has signed a 12,000-square-foot lease at 2754 Lamar Ave. Shawn Massey, partner with The Shopping Center Group LLC, represented the tenant. Harold Blockman with Keller Williams Realty Inc. represented the landlord, Chong K and Dul S. Pae.

76. IDB Approves Dalphis Move to Airport Area -

The same day local leaders celebrated the coming move of Electrolux to the Frank C. Pidgeon Industrial Park, members of the Memphis-Shelby County Industrial Development Board were reminded that there remains intense competition for jobs already in Memphis.

77. IDB Approves Dalphis Move To Airport Area -

The Memphis-Shelby County Industrial Development Board (IDB) has approved a three-year, $2.4 million PILOT (payment in lieu of taxes) for a Memphis window coverings company to move from the Sycamore View-Interstate 40 area to the Airport Industrial Park area.

78. IDB to Weigh Dalphis Move -

The Memphis-Shelby County Industrial Development Board on Wednesday will consider a three-year, $2.4 million tax break for Memphis window covering manufacturer Dalphis Holdings LLC.

79. IDB to Weigh Dalphis Move -

The Memphis-Shelby County Industrial Development Board this week will consider a three-year, $2.4 million tax break for Memphis window covering manufacturer Dalphis Holdings LLC.

80. IDB to Weigh Dalphis Move -

The Memphis-Shelby County Industrial Development Board this week will consider a three-year, $2.4 million tax break for Memphis window covering manufacturer Dalphis Holdings LLC.

81. Highland Family Dollar Could Spur Area Development -

A recently approved plan for a Family Dollar development on Highland could very well set the tone for peer retailers looking to come to the area.

Marketplace Development LLC purchased the northeast corner of Highland Street and Spottswood Avenue for $525,000 for a proposed freestanding 8,100-square-foot Family Dollar Stores Inc. development. A $1.2 million construction loan was taken out at the time of the sale.

82. Clean Slate -

A Memphis corporation is helping set standards for best practices in the health care industry on an international level.

This week ServiceMaster Clean’s Bartlett-area training facility led business managers from Japan through the gray areas of cleaning in medical facilities.

83. Tanglewood Foreclosed, to be Sold at Courthouse -

The 199-unit Tanglewood apartment complex at 2171 Sycamore View Road has been foreclosed and will be sold on the Shelby County Courthouse steps, according to a notice in today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

84. Ohio-Based Company Buys Land Slated for Strayer University Campus -

7275 Appling Farms Parkway
Memphis, TN 38133
Sale Amount: $603,788

Sale Date: July 6, 2010
Buyer: Se Testa Memphis LLC
Seller: Belz Investment Co. LP

85. Testa Buys Appling Land for Strayer Campus -

Testa Cos. has closed on the land in Appling Farms Business Park where it will build a campus for Strayer University.

Operating in the transaction as Se Testa Memphis LLC, the Cuyahoga Falls, Ohio-based commercial builder last week paid $603,788 for the parcel from Belz Investment Co. LP.

86. Strayer Files $2.8M Permit for Appling Farms Campus -

Testa Cos. has filed a $2.8 million building permit application with the city-county Office of Construction Code Enforcement for a Strayer University campus on Appling Farms Parkway.

The permit lists construction of a two-story, 15,625-square-foot campus for Strayer University. The contractor is listed as Belz Investco GP.

87. Family at Heart of Lavoro’s Success -

When most people walk into a neighborhood Italian restaurant, the last thing they expect to see in front of the stove is a lawyer clad in a three-piece suit, but at Lavoro’s it’s not an uncommon sight.

88. Clear Channel Adds More Digital Billboards -

It’s not difficult to see why Clear Channel Outdoor is upgrading another of its more than 1,000 billboard “faces” in Memphis with digital technology, boosting the company’s digital signs from eight to nine.

89. Cotton Leads April’s Slow CRE Numbers -

Cotton was king of commercial real estate in April as transactions involving three merchants – a pair of longtime Memphis companies and one area newcomer – represented two of the month’s top sales.

90. American Snuff Files Permit for Improvements to Hickory Hill Property -

5106 Tradeport Drive
Memphis, TN 38115
Permit Amount: $3.2 Million

Project Cost: $3.2 million
Permit Date: Applied April 2010
Completion: TBA
Owner: American Snuff Co. LLC
Tenant: American Snuff Co. LLC
Contractor: N/A
Architect: N/A

91. Belz Sells Ramada for $1.3M -

Belz Investco GP, an affiliated company of Belz Enterprises, has sold the former Ramada Inn at 1585 Sycamore View near Bartlett for $1.3 million to an entity called Shree of Memphis LLC.

92. Despite Slight Uptick, March Numbers Show Struggling Market -

Shelby County’s commercial real estate market is doing what it can to hold steady amid a crumbled economy.

March saw 53 CRE sales, a 4 percent increase from 51 sales in March 2009 and 61 percent increase from 33 in February, according to the latest information from real estate information company Chandler Reports, www.chandlerreports.com.

93. Land of Lenny's -

With the opening of a second Downtown Lenny’s, the Memphis-born restaurant chain has the city covered as good as the hot pepper relish on its signature subs.

The new restaurant, slated to open Monday at 153 S. Main St., is just a short jaunt of seven blocks – not even a half-mile – from the existing one at 22 N. Front St.

94. Finish Line in Sight for Renovation Of Memphis Business Academy -

3306 Overton Crossing
Memphis, TN 38127
Loan Amount: $1.9 Million

Loan Date: Feb. 23, 2010
Maturity Date: Feb. 23, 2013
Borrower: Memphis Business Academy
Lender: Regions Bank

95. Morgan to Plead Guilty Today -

A Memphis psychologist with political ties to former state Sen. John Ford is scheduled to plead guilty today to charges that he lied to federal agents.

96. Macon Cove La Quinta Sells for $1.8 Million -

A&P Hotel Funding LLC has sold the La Quinta Inns & Suites at 6068 Macon Cove for $1.8 million to Harsha Patel. The sale closed March 4.

97. Shelby Farms Park Conservancy To Build New Playground and Bridge -

500 Pine Lake Drive
Memphis, TN 38134
Permit Amounts: $3.5 Million and $1.8 Million

Project Cost: $100 million (Phase I)
Permit Dates: Applied February 2010
Completion: October 2010
Owner: Shelby Farms Park Conservancy
Tenant: Shelby Farms Park Conservancy
Contractor: Montgomery Martin Contractors LLC

98. Family Dollar Coming To Sycamore View -

Marketplace Development LLC has paid $350,000 for a 0.93-acre parcel at 1745 Sycamore View Road near Bartlett, where it will develop a Family Dollar store. The sale closed Monday and the seller was Sycamore View Car Wash Inc., which operated a 4,349-square-foot car wash on the site.

99. Plumbing Company Buys Raleigh Car Dealership -

Hill Services Inc. has bought the former Lincoln-Mercury car dealership at 4940 Covington Way in Raleigh.

100. Memphis College of Art Buys South Main Building -

477 S. Main St.
Memphis, TN 38103
Sale Amount: $400,000

Sale Date: Feb. 12, 2010
Buyer: Memphis College of Art
Seller: Southeastern LSC Holding Corp., formally known as Lewis Supply Co. Inc.
Loan Amount: $1.5 million
Loan Date: Feb. 15, 2010
Maturity Date: March 1, 2013
Lender: J.R. Hyde III Family Foundation