Editorial Results (free)
1. Developer Buys Land for Somerset Subdivision
- Tuesday, November 05, 2013
26.3 Acres near Neshoba
And Germantown Roads
Sale Amount: $1.5 million
Sale Date: Oct. 28, 2013
Buyer: Somerset-Exeter GP
Seller: Owen Investments LP
Loan Amount: $2.8 million
Loan Date: Oct. 28, 2013
Maturity Date: Oct. 28, 2016
Lender: Kent Wunderlich
Details: An entity related to Germantown-based developer McNeill Investment Co. has paid $1.5 million for 26.3 acres near the intersection of Germantown and Neshoba roads.
2. Cordova Village Retail Center Sells for $3.4 Million
- Wednesday, October 30, 2013
The Cordova Village retail strip center at 1315 N. Germantown Parkway has sold for $3.4 million.
3. Visible Music College Files $3.2 Million Loan
- Tuesday, September 10, 2013
200 Madison Ave.
Memphis, TN 38103
Loan Amount: $3.2 million
Loan Date: Aug. 30, 2013
Borrower: Visible Music College
Lender: Renasant Bank
Details: Visible Music College has filed a $3.2 million loan on its Downtown campus at 200 Madison Ave.
4. Doctor Files Loan on Chiropractic Clinic
- Wednesday, September 04, 2013
The owner of the Spinal Healthcare Associates, Cordova Pain Treatment Center at 8132 Country Village Drive in Cordova has filed a $1.4 million loan on the property.
5. City Budget Debate Shifts to Larger Issues
- Monday, July 08, 2013
When city leaders gathered last week for the groundbreaking of renovation work on the James Lee House in Victorian Village, the talk among them was bound to turn to the city budget season’s recent end.
6. County Business Licenses Dip 7.4 Percent
- Monday, April 22, 2013
The number of business licenses filed with the Shelby County Clerk’s office fell 7.4 percent to 1,415 in the first quarter, compared with 1,528 in the first quarter of 2012, according to The Daily News Online, www.memphisdailynews.com.
7. Bankruptcies Dip Slightly as Economy Improves
- Friday, April 19, 2013
The first quarter of 2013 showed a slight slump in West Tennessee bankruptcy filings as the economy improved.
All chapters combined – Chapters 7, 11 and 13 – declined to 3,031 Shelby County bankruptcies for the three-month period ended March 31, down 1 percent from 3,063 bankruptcies filed during the same three-month period in 2012, according to The Daily News Online, www.memphisdailynews.com.
8. Shelby County Business Licenses See Slight Decline
- Monday, January 21, 2013
The Shelby County Clerk’s Office issued 5,520 business licenses in 2012, a 4 percent drop from 2011, when 5,751 licenses were filed in the county, according to The Daily News Online, www.memphisdailynews.com.
9. Hickory Hill Warehouse Sells for $15.7 Million
- Tuesday, December 11, 2012
6380 Holmes Road Memphis, TN 38141
Sale Amount: $15.7 million
Sale Date: Dec. 5, 2012
10. MED Buys East Memphis Land for $3.4 Million
- Tuesday, December 04, 2012
6525 Quince Road Memphis, TN 38119
Sale Amount: $3.4 million
Sale Date: Nov. 16, 2012
11. Pennsylvania Company Buys Cordova Walgreens
- Monday, December 03, 2012
An affiliate of American Capital Realty has paid $3.8 million for the 15,048-square-foot Walgreens at 1943 Berryhill Road in Cordova.
12. Rheumatology Clinic Buys Germantown Office Building
- Tuesday, November 27, 2012
7660 Poplar Pike Germantown, TN 38138
Sale Amount: $986,850
Sale Date: Nov. 14, 2012
13. PLC International Files $1.4 Million Loan on Building
- Thursday, November 22, 2012
Memphis-based PLC International Inc. has filed a $1.4 million loan through BrightBridge Inc. on the 67,538-square-foot strip center at 1150 N. Germantown Parkway (also known as 1140 Cordova Road) in Cordova.
14. Highpoint Church Buys Briarcrest’s East Memphis Campus
- Friday, November 09, 2012
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.
15. Q2 Bankruptcies up 6.5 Percent
- Friday, July 20, 2012
Bankruptcy filings in West Tennessee increased overall in the second quarter of 2012, although Chapter 7 bankruptcies, filed by the most hard-pressed debtors, fell slightly, according to The Daily News Online, www.memphisdailynews.com.
16. Baptist Medical Group Acquires Cordova Clinic
- Thursday, May 03, 2012
Baptist Medical Group, an affiliate of Baptist Memorial Health Care Corp., has partnered with Drs. Gregory K. Jenkins and H. Howard Nease to form Baptist Medical Group-Jenkins and Nease Internal Medicine.
17. Biz Licenses Drop 2 Pct. in Q1
- Tuesday, April 24, 2012
The number of business licenses filed with the Shelby County Clerk’s office decreased by about 1.8 percent to 1,528 in the first quarter compared with 1,556 in first quarter of 2011, according to The Daily News Online, www.memphisdailynews.com.
18. March Home Sales Improve 18 Percent
- Monday, April 16, 2012
Mirroring the first quarter of the year, March home sales were up 18 percent with 1,263 recorded for the month compared to 1,067 in March 2011.
Year to date, home sales were up 20 percent from last year. March total sales revenue was up 14 percent from the same month last year with $147 million total for the month compared to $129 million.
19. Southland Sells Parcels To Bank For $1 Million
- Friday, April 13, 2012
A Downtown property that real estate investor Terry Lynch once planned for residential and retail space was sold back to the lender for slightly less than $1 million.
20. Thorpe Products Inks New Deal On Democrat
- Friday, April 06, 2012
Thorpe Products Co. is relocating its Memphis branch location to a site with higher ceiling heights and better proximity to its clients.
21. Former Mazda Warehouse Sells for $13.5M
- Friday, February 10, 2012
The former Mazda North America Inc. distribution center in DeSoto County has been acquired by Hillwood Investment Properties for $13.5 million.
22. Real Estate Pros Figuring Out New Reality
- Monday, January 30, 2012
The real estate market isn’t projected to get back to the pre-bubble bursting days of 2007 anytime soon.
It’s part of the new reality that agents across the board are coping with, and it was the heart of the discussion Thursday, Jan. 26, when real estate information company Chandler Reports hosted its “Master Your Market: 4th Quarter 2011 Update.”
23. Drop in Bankruptcies Belies Economic Picture
- Friday, January 20, 2012
Although the total number of bankruptcies filed in Shelby County has slowly declined over the last three years, attorney Joseph Townsend with Fullen & Townsend Attorneys said fewer filings aren’t necessarily a sign that the economy is on the upswing.
24. Tennessee St. Office Bldg. Again in Foreclosure
- Tuesday, January 10, 2012
460 Tennessee St.
Memphis, TN 38103
Sale Amount: $3 million
Sale Date: Dec. 1, 2011
25. Former Cordova Schnucks Sells for $3.1 Million
- Friday, January 06, 2012
Memphis-based PLC International Inc. has bought a vacant 68,000-square-foot Schnucks supermarket at 1150 N. Germantown Parkway (also known as 1140 Cordova Road) from SM Properties Memphis LLC for $3.1 million.
26. Prolonged Recession
- Monday, December 26, 2011
In the words of Phil Woodard, an owner of multiple residential and commercial properties in Downtown Memphis, breaking even is the new profit.
Or as national real estate expert Jonathan Miller said earlier this month at the Urban Land Institute’s Real Estate Outlook for the Mid-South, “We cannot expect to make money the way we did a few years ago.”
27. Business License Activity Rises 14 Pct. in Q3
- Tuesday, October 18, 2011
The number of businesses licenses filed with the Shelby County Clerk’s office increased by more than 14 percent to 1,592 in the third quarter compared with 1,391 in third quarter 2010, according to The Daily News Online, www.memphisdailynews.com.
28. Q3 Bankruptcies See Slight Increase
- Friday, October 14, 2011
The total number of bankruptcies filed in Shelby County rose slightly in the third quarter of 2011 (July 1 through Sept. 30), seeing a slight 1 percent increase compared to the same quarter last year.
29. Builders File 70 Permits in September
- Wednesday, October 12, 2011
September’s permit totals notched a double-digit increase year over year, much like the performance seen during the third quarter.
Shelby County homebuilders filed 70 permits in September, a 27 percent leap from September 2010’s 55, according to real estate information company Chandler Reports, www.chandlerreports.com.
30. Building Momentum
- Thursday, September 15, 2011
Local homebuilders were busy in August, filing more permits than the same month a year ago.
Shelby County homebuilders filed 73 permits last month, a 21.7 percent increase from 60 filed in August 2010 and a 19.7 percent increase from 61 filed in July, according to real estate information company Chandler Reports, www.chandlerreports.com.
31. City’s Public Libraries have New Hours
- Monday, August 01, 2011
Beginning Monday, Aug. 1, the locations of the Memphis Public Library & Information Center will operate with new hours due to budget reductions.
The Benjamin L. Hooks Central Library will be open Monday through Thursday from 10 a.m. to 8 p.m., Friday and Saturday from 10 a.m. to 5 p.m., and Sunday from 1 p.m. to 5 p.m.
32. Business License Activity Improves 11.4 Percent
- Tuesday, July 19, 2011
The number of businesses licenses filed with the Shelby County Clerk’s office increased by more than 10 percent to 1,360 in the second quarter of 2011, up 11.4 percent from 1,221 in the second quarter of 2010, according to The Daily News Online, www.memphisdailynews.com.
33. County Bankruptcy Filings Fall Slightly
- Friday, July 15, 2011
The total number of bankruptcies filed in Shelby County has slowly declined over the last two years.
All chapters combined – Chapters 7, 11 and 13 – amounted to 2,904 Shelby County bankruptcies in the second quarter of 2011, down 1.2 percent from 2,939 in Q2 2010 and down 5 percent from 3,056 in Q2 2009.
34. Crye-Leike Signs Alliance with Kemmons Wilson
- Wednesday, May 11, 2011
Kemmons Wilson Cos. has recently built new condo communities in the Memphis area and named Crye-Leike Realtors Inc. as the exclusive real estate company to list and market those properties.
35. Bankruptcy Filings See Modest Q1 Decline
- Friday, April 15, 2011
At the height of the Great Recession, Memphis bankruptcy attorney Jimmy McElroy of Jimmy McElroy & Associates noticed a trend of older, more established individuals filing for bankruptcy, and he sees no signs of the trend slowing down any time soon.
36. Yogurt Craze Continues with TCBY Store
- Friday, January 21, 2011
A TCBY franchise has signed a 1,225-square-foot lease in University Center, 3445 Poplar Ave., at the southwest corner of Poplar and Highland Street.
37. Bankruptcy Trends Shift, Local Numbers Drop
- Friday, January 14, 2011
Bankruptcy attorney Jimmy McElroy, one of the Memphis court’s top filers, has noticed a recent change in local bankruptcy trends.
38. YMCA Buys Former Cordova Athletic Club
- Tuesday, December 07, 2010
7950 Club Center Drive
Cordova, TN 38018
Sale Amount: $2 million
Sale Date: Dec. 1, 2010
Buyer: YMCA of Memphis & the Mid-South
Seller: Cordova AC LLC
Loan Amount: $4.7 million
Loan Date: Dec. 1, 2010
Maturity Date: n/a
Lender: Regions Bank and Regions Equipment Finance Corp. (together, the beneficiary)
39. Elections to Look Different Under New Charter
- Friday, October 22, 2010
If a consolidation charter is approved by voters, those seeking offices in the new government would have nearly four years to make plans for the first elections.
Elections under a metro government would be much different than Shelby County elections, which include partisan primaries for non-judicial offices, or Memphis elections, which have no runoffs.
40. Business License Filings Down 15 Percent in Q3
- Tuesday, October 19, 2010
Entrepreneurship in Shelby County dipped in the third quarter from the same period a year ago with the number of business privilege licenses decreasing by 15 percent.
There were 1,173 licenses that were either issued by new startups or renewed by existing businesses, according to The Daily News Online, www.memphisdailynews.com. That compares to 1,386 during the same period a year ago.
41. Foreclosures Hit Higher-Income Suburbs
- Thursday, October 14, 2010
The rate of foreclosures in the suburbs surged during the third quarter, while the problem showed signs of ebbing in some of Memphis’ hardest hit neighborhoods, according to ZIP code data compiled by real estate information company Chandler Reports, www.chandlerreports.com.
42. MedVet Memphis Builds New Cordova Facility
- Tuesday, August 31, 2010
555 Trinity Creek Cove
Cordova, TN 38018
Permit Amount: $3 million
Permit Date: Applied August 2010
Completion: May 2011 (open Summer 2011)
Owner: MedVet Memphis LLC
Tenant: MedVet Memphis LLC
Contractor: Grinder, Taber & Grinder Inc.
43. Charter 411
- Monday, August 30, 2010
The metro government charter, to be voted on Nov. 2, would combine the Memphis and Shelby County governments into one new local government.
The 49-page charter is the work of the 15-member Metro Charter Commission, which began in November and completed its work just weeks ago.
44. Memphians’ Love, Options For Sushi Continue to Grow
- Monday, August 30, 2010
Sushi, the Japanese preparation of raw fish and rice, was unheard of in the United States until after World War II, and then even until the 1970s was largely an exotic phenomenon of the West Coast.
45. Schoolhouse Shuffle
- Monday, April 26, 2010
On a cold February morning, a group of excited parents clustered in a tent in back of Kate Bond Elementary School.
46. Outlook Unsure
- Monday, February 22, 2010
Last week’s Commercial Property Forecast Summit painted a dour picture of the local real estate market, but the January numbers show that the commercial sector has a detectable pulse – at least for now.
47. NuVasive Files Permit to Renovate Southeast Memphis Facility
- Tuesday, February 09, 2010
4670 E. Shelby Drive
Memphis, TN 38118
Permit Amount: $1.6 Million
Project Cost: $1.6 million
Permit Date: Applied February 2010
Owner: NuVasive Inc.
Tenant: NuVasive Inc.
Contractor: Montgomery Martin Contractors LLC
Architect: Looney Ricks Kiss Architects Inc.
48. Commercial Sales Close 2009 on High Note
- Thursday, January 21, 2010
Shelby County’s commercial real estate market saved its best for last in 2009, as the final month registered the highest sales total and largest dollar volume all year.
Not only that, but December marked the first year-over-year increase for a month during 2009 and the first year-over-year increase for a month since December 2007.
49. 2009 Bankruptcy Filings Up 2 Percent
- Friday, January 15, 2010
While he was at a free legal clinic last week, Memphis bankruptcy attorney Bruce Ralston struck up a conversation with a woman whose background would have made her a hot commodity once upon a time.
50. In-Rel Buys Former Comcast Building, Renames it “Quince Centre”
- Tuesday, December 22, 2009
6555 Quince Road
Memphis, TN 38119
Sale Amount: $5 million
Sale Date: Dec. 7, 2009
Buyer: 6555 Quince Building Owner LLC
Seller: BACM 2000-2 Quince Road LLC
Loan Amount: $3.1 million
Loan Date: Dec 7, 2009
Maturity Date: N/A
51. Cedar Ridge Owner Files $2.8 Million Loan
- Thursday, November 19, 2009
The owner of the Cedar Ridge Patio Homes apartment complex at 6957-6977 Amberly Village Drive near Cordova has filed a $2.8 million multifamily deed of trust, assignment of rents and security agreement through Magna Bank. Cedar Ridge LLC, the limited liability company that owns the complex, filed the loan Nov. 13.
52. High-Dollar Deal Boosts Commercial Real Estate
- Tuesday, October 27, 2009
Following what has become a pattern, the local commercial real estate market in September was salvaged by one large deal that offset an otherwise dreary month.
This time it was Resource Real Estate Inc. to the rescue. The Philadelphia-based company bought the Wyndridge Apartments for $9.5 million Sept. 29 and carried the weight for Shelby County’s commercial activity during the month.
53. Q3 Biz Permit Dip Not as Steep
- Tuesday, October 20, 2009
Recession casualties in the business sector could be easing, according to the most recent numbers for privilege licenses in the greater Memphis area.
The number of business permits issued during the third quarter slipped by 2.8 percent from the same period a year ago, according to The Daily News Online, www.memphisdailynews.com. That compares to an 8.8 percent drop in the second quarter.
54. Netmakers Carry on Family Tradition
- Monday, August 17, 2009
The descendents of Bill Miller continue the craft of making nets that the Irish immigrant brought from Dublin to the shores of the St. Francis River in Arkansas four generations ago.
55. Kohl’s Repairs Storm Damage At Cordova Department Store
- Tuesday, August 11, 2009
2335 N. Germantown Parkway
Cordova, TN 38016
Permit Amount: $550,000
Project Cost: $550,000
Permit Date: Applied August 2009
Completion: August 2009
Contractor: InStar Services Group LP
56. Gardens of Germantown Secures Funding to Build Alzheimer’s Facility
- Tuesday, August 04, 2009
3179 Professional Plaza
Germantown, TN 38138
Loan Amount: $8 Million
Loan Date: July 16, 2009
Maturity Date: Aug. 1, 2050
Borrower: Gardens of Germantown LLC
Lender: Deutsche Bank Berkshire Mortgage Inc.
Details: The developer of an Alzheimer’s facility called the Gardens of Germantown has filed an $8 million construction loan through Deutsche Bank Berkshire Mortgage Inc.
57. Victorian Village Restaurant Seeks CCDC’s Aid
- Friday, July 10, 2009
Memphis restaurateur Karen Blockman Carrier has applied for a $50,000 retail forgivable loan from the Center City Development Corp. in an effort to revive Mollie Fontaine Lounge, the restaurant she runs out of an historic Victorian Village home.
58. Collier Lincoln Mercury Dealership Sold Back to Bank
- Tuesday, June 02, 2009
2177 Covington Pike
Memphis, TN 38128
Sale Amount: $2.5 Million
Sale Date: May 22, 2009
Buyer: First Tennessee Bank NA
Seller: LaToya L. Williams, substitute trustee
59. Commercial Sector Limps Through April
- Tuesday, May 26, 2009
The commercial real estate sales volume slowed to a crawl in April, reaching only half of what it was the same month a year ago.
What’s worse, only three deals made it above the $1 million mark, and of those, one was an internal transaction and one was an apartment property that has had revolving owners in the past few years.
60. Foreclosures Slow After Subprime Spigot Begins to Trickle
- Friday, May 22, 2009
In the fight against foreclosure, even the smallest victories should be celebrated, from a family staying in its home to a predatory lender going out of business.
Go ahead and count the latest figures as another reason to cheer.
61. Carriage Crossing Jewelry Store Sold to Florida Investor
- Tuesday, May 19, 2009
4615 Merchants Park Circle
Collierville, TN 38017
Sale Amount: $2.8 Million
Sale Date: May 6, 2009
Buyer: Philip Brabyn
Seller: Carriage Avenue LLC
Loan Amount: $1.1 million
Loan Date: May 8, 2009
Maturity Date: July 1, 2009
Lender: Financial Federal Savings Bank
62. Commercial Real Estate Slump Continues
- Thursday, April 30, 2009
The start of spring brought the first sign of hope in the commercial real estate market.
But while March sales showed a decent gain over the previous month, the numbers were significantly down compared to the same month a year ago.
63. Business Licenses Reflect Uptick In Entrepreneurship
- Tuesday, April 21, 2009
Now might not seem like the best time to open a business, but Kat Semrau said opportunities can be found even during a recession.
She and her husband, Lorne, spent Sunday afternoon painting the inside of an old bank building at 117 S. Main St., where Art Under A Hot Tin Roof will begin selling paintings, pottery, jewelry and other items in early May.
64. Q1 a ‘Busy’ Time for Bankruptcy Filings
- Friday, April 17, 2009
If you live in the city of Memphis outside of the Interstate 240 loop, you likely live in or near a neighborhood whose real estate market has been scarred by heightened foreclosure activity. Another financial woe that goes hand in hand with foreclosure has hit those same neighborhoods hard.
65. Foreclosures Mellow in Q1
- Thursday, April 16, 2009
Shelby County’s usual spate of foreclosures appears to be slowing.
From every vantage point of the foreclosure process – the original foreclosure notice, the lender seizing property and the sale to a new owner – the numbers fell in the first quarter.
66. Former Cordova Applebee’s To Be Converted to IHOP
- Tuesday, April 14, 2009
1106 N. Germantown Parkway
Cordova, TN 38016
Sale Amount: $1.3 Million
Sale Date: April 2, 2009
Buyer: Hotcakes Cordova Venture LLC
Seller: Gourmet Systems Inc.
Loan Amount: $1.6 million
Loan Date: April 2, 2009
Maturity Date: Sept. 30, 2014
Lender: Branch Banking and Trust
67. Tight Credit Put Squeeze On ‘08 Commercial Real Estate Sales
- Thursday, January 22, 2009
As with the residential sector, 2008 was a year to forget in commercial real estate, which suffered declining sales and endured a nationwide credit crunch throughout the year.
“The big storyline in ’08 was that lenders weren’t lending,” said Johnny Lamberson, senior vice president at CB Richard Ellis Memphis. “It put a real tightening on deals getting done. If deals weren’t highly leveraged, as the year went on it became harder and harder to get transactions closed because nobody was lending money.”
68. Commercial Real Estate Sales Down 18 Percent
- Tuesday, December 23, 2008
A familiar theme in the commercial real estate market continued in November as a couple of high-dollar transactions kept the month out of the doldrums. Not surprisingly, though, those numbers didn’t do much to salvage an otherwise dismal year.
69. 62-Bed Alzheimer’s Facility Coming to Germantown
- Tuesday, November 04, 2008
3179 Professional Plaza
Germantown, TN 38138
Permit Amount: $5.6 Million
Project Cost: $5.6 million
Permit Date: Applied October 2008
Completion: October or November of 2009
Owner: Alexander Enterprises
Tenant: Alexander Enterprises
Contractor: Patton and Taylor Enterprises
Architect: O.T. Marshall Architects
Details: An Alzheimer’s facility called the Gardens of Germantown soon will rise at 3179 Professional Plaza, which runs between Poplar Avenue and Poplar Pike near the Germantown/Collierville border.
Developer Alexander Enterprises has filed a permit application with the city-county Department of Construction Code Enforcement to build the 30,500-square-foot, single-story facility. The Gardens of Germantown will be a 48-unit, 62-bed facility that sits on roughly half of a 4.36 acre-parcel backing up to the Village Shops of Forest Hill retail center. Beacon Communities Inc. of Cumming, Ga., will manage the facility.
Construction on the building, set to begin in December, should take 10 months, said Michael Alexander of Alexander Enterprises, with an opening projected for October or November 2009. The property has been divided into two lots, with the Gardens of Germantown slated for the northwest corner of the property.
1.46 Acres in Commons at Dexter Lake
Cordova, TN 38018
Loan Amount: $1.2 Million
Loan Date: Oct. 2, 2008
Maturity Date: April 22, 2009
Borrower: Commons at Dexter Lake LLC
Lender: First Citizens National Bank
Details: A $1.6 million retail center with a French Quarter motif is being built in Cordova. The Commons at Dexter Lake LLC has filed a $1.2 million construction loan to build a 10,400-square-foot retail center, dubbed Vieux Carré, south of Dexter Road and west of Chickering Lane. Construction started last week. The development team bought the land from John B. Maxwell Jr., trustee for the sellers, for $334,541 and filed the construction loan through First Citizens National Bank. Commons at Dexter Lake LLC principal Nancy Waddell signed the trust deed. The center will sit on a 1.46-acre parcel near the Commons at Dexter Lake retail center and the Reserve at Dexter Lake apartments. A spokesman for the developer said the seven-bay center already has five leases signed. Tenants include a Belle Meade salon, financial planner Martin Hearn, a Crown Trophy store and a florist/gift shop. Jeff Blackledge is architect for Vieux Carré. KT Construction LLC, whose partners are Scott Turnage and Riley Kail, will be the general contractor. Turnage said the company is “stripping the lot off right now and pushing hard for the first of the year” to complete the center. “We’re going to go for kind of a hybrid French Quarter style – we’re going to be doing more of a Bourbon Street look,” Turnage said. “It’s going to be a strip center, but we’re going to try to give each space individuality, using depth and height offsets to try to give each space somewhat of a unique appearance.” More retail space will be coming to the site soon.
6075 Winchester Road
Memphis, TN 38115
Sale Amount: $1.4 Million
Sale Date: Oct. 23, 2008
Buyer: World Overcomers Outreach Ministries Church Inc.
Seller: Carlyle Rock Ridge LLC
Loan Amount: $1.2 million
Loan Date: Oct. 24, 2008
Maturity Date: N/A
Lender: Tri-State Bank of Memphis
Details: World Overcomers Outreach Ministries Church Inc. has bought the Hickory Ridge Mall for $1.4 million from Carlyle Rock Ridge LLC. The roughly 500,000-square-foot Hickory Ridge Mall sits on 44 acres at 6075 Winchester Road in Hickory Hill. It was damaged by a tornado during the Feb. 5 storms that ripped through the southern and southeastern areas of town. World Overcomers will retain its congregational home at the former Central Church at 6655 Winchester Road, down the road from the mall. The church bought that property in 2001 for $10 million. Church pastor Alton Williams has announced plans to turn the mall into a Christian community center, replete with a restaurant, banquet hall, theater and other services for the neighborhood. The Hickory Ridge Mall opened in 1981 to much fanfare, but it steadily declined over the years as newer malls opened in other parts of town and tenants departed. The February storm proved to be a death knell for the mall. Although the city of Memphis considered buying it and turning it into a satellite office for city services, the renovation proved too costly.
70. Biz Licenses Up in Q3, Down From ’07
- Tuesday, October 21, 2008
Business licenses in Shelby County were up in the third quarter compared to the second.
But the 1,501 licenses issued from July-September represented a drop of almost 300 from this time last year.
- Friday, September 05, 2008
MPACT Memphis will meet for lunch today at noon at Flying Fish, 105 S. Second St. For more information or to R.S.V.P., contact Frank Langston at firstname.lastname@example.org.
Rhodes College will host a presentation by David Gillikin of Vassar College and David Goodwin of Denison University on their work with mussels today at 2:30 p.m. in Frazier Jelke B on the Rhodes Campus, 2000 North Parkway. For more information, call Kesler at 843-3557.
72. Builder Defies Housing Slump
- Friday, August 29, 2008
Someone forgot to tell Barry Watson about the housing slump. The owner of Eads-based Barry Watson Homes LLC is having a banner year, leading all Shelby County homebuilders in sales with 58 through the end of July. That’s far ahead of his 2007 sales pace, which was just 17. Watson also has led the county in sales during four of the first seven months of 2008, ranking near the top in the other three.
73. Commercial Real Estate Tumbles
- Friday, August 22, 2008
After a prolonged and prosperous ride, commercial real estate stumbled in the past year with no signs of regaining its balance anytime soon.
Just 998 commercial sales were made in Shelby County from August 2007 through July 2008, down 17.6 percent from 1,211 sales during the previous 12-month period, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
74. Kemmons Wilson to Unveil Lifestyle Center
- Friday, April 25, 2008
Kemmons Wilson Communities on Saturday will unveil its newest "lifestyle community" to the public when it holds a grand opening for the Village at Schilling Farms, a 58-home subdivision in Collierville.
75. Steady Sales Volume Good News for Commercial Real Estate
- Friday, February 29, 2008
A handful of high-dollar deals highlighted Shelby County's commercial real estate sales landscape in January, helping 2008 begin on a positive note with a total sales volume of $137.4 million.
Topping the list of commercial sellers for the month was Fair Oak LLC, which sold two multifamily properties for a combined $17.7 million. It marked the top total dollar amount for any one seller during January, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
76. Commercial Sales ActivityDrops in January
- Monday, February 25, 2008
Commercial sales in Shelby County began 2008 on a low note, posting a 12.4 percent decline in January compared to the same month in 2007, according to real estate information company Chandler Reports, www.chandlerreports
77. Archived Article
- Tuesday, August 21, 2007
1700, 1800 and 1820 N. Germantown Parkway
And 8110 Dexter Road
Sale Amount: $7 million
Sale Date: July 31, 2007
78. Archived Article
- Tuesday, July 31, 2007
6125 Shelby Drive
Memphis, TN 38141
Sale Amount: $13.5 million
Sale Date: July 20, 2007
Buyer: NatTennessee GP
79. No Dunkin' For These Doughnuts
- Tuesday, July 10, 2007
More than 300 people or businesses applied for new business licenses in June in Shelby County, representing a little more than 20 percent of those who filed licenses during the second quarter. During Q2, 1,458 licenses were filed with the Shelby County Clerk, according to The Daily News Online, www.memphisdailynews.com.
80. Spinal Business Moves to Spine of Cordova
- Friday, June 15, 2007
In about a week, when the doctors of Spinal Health Care Associates PC move to their new $2 million Cordova home, they won't be very far physically from their old locale - less than a mile, in fact.
81. Neither Time Nor Distance
- Thursday, May 31, 2007
Soldiers like Norman Bryan Hooker were the tip of the spear the U.S. thrust into Germany's underbelly during World War II.
Hooker, killed by a sniper while fighting in the German town of Halle days away from his 20th birthday, was part of the Army's fearsome 104th Infantry Division. Nicknamed the Timberwolves, the division was renowned for its skill at fighting night battles.
82. Archived Article
- Tuesday, May 29, 2007
15 buildings in
Bartlett Industrial Park
Sale Amounts: $20.7 million; $9.4 million; $2.9 million; $1.5 million; and $1.2 million
Sale Date: May 17, 2007
83. Up, Up and Not Away
- Thursday, May 24, 2007
Homeownership is supposed to be the American dream, but Steve Lockwood knows this isn't always the case - especially for those who seek counseling services at the Frayser Community Development Corp., where he serves as executive director.
84. More TIC Interests SoldFor Cordova Shopping Center
- Wednesday, March 14, 2007
Seventeen tenants-in-common investors have bought an interest in Cordova's Parkway Place shopping center in a $13.3 million deal, adding to the nearly 20 TIC investors who invested in the property in February.
85. Archived Article
- Tuesday, March 06, 2007
Four parcels near
Sale Amounts: $700,000; $28.3 million
Sale Date: Feb. 15, 2007 (for both)
86. Grisanti's Goes Smoke-Free
- Thursday, January 18, 2007
Grisanti's Bol A Pasta officially will go smoke-free Feb. 10. The decision was made to ban smoking at both Bol A Pasta locations - 3160 Village Shop Drive in Germantown and 2200 N. Germantown Road in Cordova - in support
87. Able to Exhale
- Wednesday, January 10, 2007
The bulldozers and construction teams that build the sprawling estates in Arlington, the condominiums in Downtown Memphis, infill housing elsewhere in the city and expensive new homes in all the suburbs that surround Memphis got something of a breather this year.
88. Archived Article
- Tuesday, November 21, 2006
2362 and 2382 N. Germantown Parkway
Memphis, TN 38016
Sale Amount: $14.6 million
Sale Date: Nov. 9, 2006
89. Archived Article
- Tuesday, October 31, 2006
Construction loan for Hope Presbyterian
Loan Amounts: $13.5 million
(pledge note); $15 million (term note)
Loan Date: Oct. 19, 2006
90. Matthews Brothers Buys Former Bowden Offices for $1.2 Million
- Tuesday, June 20, 2006
138 Timber Creek Drive
Cordova, TN 38018
Sale Amount: $1.2 million
Sale Date: June 6, 2006
91. Archived Article
- Tuesday, February 28, 2006
2270 Germantown Parkway
Cordova, TN 38016
Cost: $5.3 million
Borrower: Tirupati LP
Lender: General Electric Capital Corp.
92. Auto Parts Store Sells for $1.9 Million
- Tuesday, January 24, 2006
Village Grand LLC has purchased an Advance Auto Parts store in Cordova from VDS Development LLC for $1.9 million. The property at 1561 N. Germantown Parkway near Chickering Cove includes a 6,887-square-foot building constructed in 2004. The purchase
93. Archived Article
- Tuesday, January 17, 2006
Thousand Oaks Boulevard (three addresses)
Cost: $28.6 million
Buyer: Talcott III Thousand Oaks LP
Seller: Glenborough Properties LP
94. Business Filings Jump Highest in 2005
- Tuesday, January 10, 2006
Memphis and Shelby County have seen a rise in business license filings over the past three years, and 2005 was no different. It was the best in that period with 6,660 filings - that's a 9.43 percent increase over the 6,086 filings in 2004 and a 13.53 percent increase over the 5,866 filings in 2003.
95. Retailers Brace for New Mall's Impact
- Friday, December 23, 2005
For shoppers in the Collierville area, having the $100 million Avenue Carriage Crossing next door is a real boon.
Residents don't have to drive to Saddle Creek anymore to see the latest styles offered by Chico's. They can bring Fido upscale treats from Just Dogs! Gourmet. The proximity of Linens 'n Things precludes a trip to Bed, Bath & Beyond near Wolfchase Galleria.
96. Country Village CenterFinanced for $7.7 Million
- Monday, December 19, 2005
Country Village Acquisition Partnership has refinanced the Country Village Shopping Center in Cordova through Jefferson-Pilot Life Insurance Co. for $7.7 million. The 62,400-square-foot center, located at 1250 N. Germantown Parkway, was constructed i
97. Archived Article
- Tuesday, November 01, 2005
1245 Germantown Parkway
Cordova, TN 38016
Cost: $8 million
Buyer: NPK Cordova LLC
Seller: Kmart Corp.
98. Business Activity Sees Summer Spike
- Tuesday, October 25, 2005
Economic news this summer - corporate bankruptcies, Hurricane Katrina and skyrocketing fuel prices - hasn't been encouraging. But mid-year was apparently as good a time as any to take a risk, which is what almost 2,000 business people in Shelby County did.
99. Archived Article
- Tuesday, August 23, 2005
Cost: $15.5 million
Borrower: CP Memphis Properties LLC
Lender: U.S. Bank NA
100. Cordova VillageSells for $4.5 Million
- Tuesday, August 02, 2005
Cordova Village LLC has purchased the Cordova Village Shopping Center from IWS Shelby Partners for $4.5 million. The 30,060-square-foot strip shopping center, located at 1315-1357 N. Germantown Parkway, was built in 1988. The sale was financed by one