Higginbotham Automobiles of East Memphis LLC has bought two parcels of land in Collierville for a combined $3 million where it will build a Mercedes-Benz dealership.

2. Lenox Park Courtyard Sells for $4.2 Million - Tuesday, June 04, 2013

The Lenox Park Courtyard by Marriott at 3076 Kirby Parkway in East Memphis has sold for $4.2 million.

3. Internet Sales Tax Bill Faces Tough Sell in House - Wednesday, May 08, 2013

WASHINGTON (AP) – Traditional retailers and cash-strapped states face a tough sell in the House as they lobby Congress to limit tax-free shopping on the Internet.

The Senate voted 69 to 27 Monday to pass a bill that empowers states to collect sales taxes from Internet purchases. Under the bill, states could require out-of-state retailers to collect sales taxes when they sell products over the Internet, in catalogs, and through radio and TV ads. The sales taxes would be sent to the states where a shopper lives.

4. Senate OKs Bill to Protect College Student Counselors - Friday, March 15, 2013

NASHVILLE (AP) – The Senate has approved legislation that would protect student counselors at public higher education institutions who withhold their services because of religious beliefs.

5. Boyle Sells Lots at Spring Creek Ranch - Saturday, February 23, 2013

Boyle Investment Co. sold 10 lots at Spring Creek Ranch to a newly formed builder group and construction soon will commence on the next phase of development at The Village at Spring Creek Ranch, an upscale, master-planned community off Raleigh-LaGrange Road.

6. Boyle Sells Lots at Spring Creek Ranch - Friday, February 22, 2013

Boyle Investment Co. has sold 10 lots at Spring Creek Ranch to a newly formed builder group.

Construction soon will commence on the next phase of development at The Village at Spring Creek Ranch, an upscale, master-planned community off Raleigh-LaGrange Road.

7. Ryder Up to Challenge as Counsel for RNC - Thursday, February 21, 2013

John Ryder of Harris Shelton Hanover Walsh PLLC was recently appointed general counsel of the Republican National Committee.

8. Crye-Leike Offers Free Home Buying, Selling Class - Saturday, February 16, 2013

Several agents with Crye-Leike Realtors Inc. will host a free-to-the-public home buying and selling class on Saturday, Feb. 16, from 10 a.m. to 11:30 a.m. at Crye-Leike’s Hickory Ridge branch office, 3565 Ridge Meadow Parkway.

9. Crye-Leike Offers Free Home Buying, Selling Class - Friday, February 15, 2013

Several agents with Crye-Leike Realtors Inc. will host a free-to-the-public home buying and selling class on Saturday, Feb. 16, from 10 a.m. to 11:30 a.m. at Crye-Leike’s Hickory Ridge branch office, 3565 Ridge Meadow Parkway.

10. Apple is Biggest US Phone Seller for 1st Time - Monday, February 04, 2013

NEW YORK (AP) – The launch of the iPhone 5 and the declining popularity of non-smartphones have made Apple the biggest seller of phones in the U.S. for the first time, research firm Strategy Analytics said Friday.

11. Guard Lets Vessels Pass Leaking Mississippi River Barge - Thursday, January 31, 2013

JACKSON, Miss. (AP) – The Coast Guard is letting southbound vessels pass through a closed section of the Mississippi River at Vicksburg as it evaluates how traffic would affect efforts to remove and clean up oil from a leaking barge, a Guard officer said Wednesday.

12. Collierville Mill Sells for $1.4 Million - Wednesday, January 30, 2013

J-Line Pump Co. has paid $1.4 million for the manufacturing/processing mill at 550 South St. in Collierville.

13. Firebirds Wood Fired Grill in Bartlett Sells for $2.1 Million - Tuesday, January 15, 2013

An affiliate of Scottsdale, Ariz.-based STORE Capital has paid $2.1 million for the Firebirds Wood Fired Grill at 8470 U.S. (Highway) 64 in Bartlett.

The entity, STORE Master Funding II LLC, bought the 7,168-square-foot restaurant in a Dec. 28 special warranty deed from DMLD Building Group LLC of Charlotte, N.C.

14. Collierville Acreage Sells for $1.1 Million - Friday, January 04, 2013

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

15. Southern Avenue Apartment Complexes Sell for $1.2 Million - Friday, December 21, 2012

A pair of apartment complexes on Southern Avenue near the University of Memphis sold Dec. 14 for a combined $1.2 million.

An entity called RDC Fund VI Memphis LLC, which lists a Newport Beach, Calif., address, bought the multifamily properties at 3655 Southern Ave. and 3665 Southern Ave. from Lisa A. Dattel, Edward F. Dattel, Andrew R. Dattel, Brenda D. Meece and Arthur J. Wolff.

16. Arm Your Sales Team for Sophisticated Selling with Buyer Personas - Wednesday, November 14, 2012

To deliver a stellar performance, great actors engage in an extensive process to get inside the head of their characters – understanding their persona. Similarly, imagine if your sales force were armed with such a deep understanding of their buyers. Not only would it improve their ability to connect with prospects in a more meaningful way; it would also allow them to tailor their pitch to ensure it moves prospects to buy.

17. American Way Sleep Inn Sells for $1.2 Million - Friday, November 09, 2012

An entity called Shiv of Memphis LLC has paid $1.2 million for the Sleep Inn at 5119 American Way in Parkway Village.

18. Brinkley Plaza Sells to Olymbec for $7.2 Million - Monday, October 29, 2012

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.

19. Brinkley Plaza Sells to Olymbec for $7.2M - Friday, October 26, 2012

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.

20. The More You Tell, The Less You Sell - Wednesday, October 17, 2012

“Seek first to understand, then to be understood.” This principle from author Stephen Covey’s “Seven Habits of Highly Effective People” has the power to solve an industry-wide sales challenge – under-developed listening skills.

21. Willow Oaks Apartment Complex Sells for $1.1 Million - Friday, October 05, 2012

Bountiful, Utah-based Noall Investment Properties LLC has paid $1.1 million for the 346-unit Willow Oaks apartment complex at 2429 Ketchum Road.

22. Bailey Creek Apts. Sells for $23.8M - Monday, July 02, 2012

The 232-unit Bailey Creek Apartments in Collierville has sold for $23.8 million to New York-based private real estate investment firm Somerset Partners LLC, marking Somerset’s fourth Memphis-area purchase.

23. Little Rock Peabody Hotel Selling to Investor - Friday, June 29, 2012

The owners of The Peabody hotel in Little Rock have reached an agreement to sell the property to a real estate investment firm.

The agreement announced Thursday, June 28, says that Fairwood LLC is still researching the conditions of the sale. The city of Little Rock also has to approve the transaction.

24. Google Sells Small Tablet, Challenges Kindle Fire - Thursday, June 28, 2012

SAN FRANCISCO (AP) – Google is unveiling a small tablet computer bearing its brand in a challenge to Amazon's Kindle Fire.

The Nexus 7 is designed specifically for Google Play, the online store that sells movies, music, books, apps and other content – the things Amazon.com Inc. also sells for its tablet computer.

25. Heisley Reaches Tentative Deal to Sell Grizzlies - Tuesday, June 12, 2012

Michael Heisley, the Chicago billionaire and majority owner of the Memphis Grizzlies, has reached an agreement to sell the team to communications technology magnate Robert Pera, Heisley confirmed late Monday.

26. Distriplex Center Property Sells for $3.8 Million - Wednesday, May 09, 2012

Salt Lake City-based 4665 Distriplex Drive LLC has bought Class A warehouses in Distriplex Center from Road Bay Investments LLC for $3.9 million, filing a $3.7 million construction loan through Wells Fargo Bank NA at the time of purchase.

27. Four Lenox Park Bldgs. Sell for $22.3 Million - Thursday, May 03, 2012

New York-based Lenox Park C-F Owner LLC, an affiliate of HighBrook Investment Management, has bought four buildings in the Lenox Park office complex near Kirby Parkway and Tenn. 385 for $22.3 million. The purchase of buildings C, D, E and F from NNN Lenox C-F LLC closed April 27.

28. Westwood Apt. Complexes Sell for $1M in Foreclosure - Tuesday, May 01, 2012

Memphis-based Washington Manor Investments LLC has bought the Oak Run and Southern Pines apartment complexes at 1960 Florida St., 25 Belz Blvd. and 41 Belz Blvd. at a Friday, April 27, foreclosure sale for $1 million.

29. Crye-Leike Sells Properties, Land At Feb. Auction - Friday, March 30, 2012

Multiple properties in the Memphis area have traded hands as a result of an auction held by Crye-Leike Auction Services in February.

Kays Nawaf Employee Pension Plan sold three flex warehouse buildings at 4652 Damascus Road, 4660 Damascus Road and 4668 Damascus Road, ranging from 7,450 square feet to 10,160 square feet. There was a published minimum bid of $83,000 each.

30. Former Cleo Site Sells For $2.6M - Friday, March 16, 2012

A Memphis-based buyer has bought more than 1 million square feet formerly occupied by Cleo Inc. gift-wrapping company in Airport Industrial Park Section A for less than two-thirds of the listing price.

31. ‘Sales’ Seldom Save Money - Thursday, March 15, 2012

Ray’s Take Stores love to run sales to entice you, and everyone loves a bargain. However, don’t confuse getting a discount with saving money. Anytime you buy something you are spending money, not saving it. You might be spending a little less – maybe even substantially less – but you are still spending.

32. Staples Site Sells for $3.3 Million - Friday, February 24, 2012

An affiliate of Dallas-based Capview Management LLC has bought a 1.7-acre Staples office supply store site in the Galleria of Memphis Planned Development in Cordova for $3.3 million.

33. Pleasant View Apts. Sells in Foreclosure - Monday, January 23, 2012

Memphis-based WI Memphis LLC has bought the 259-unit Pleasant View apartment complex in Frayser for $1.7 million at a trustee’s foreclosure sale. The seller was Mark Turner, trustee, on behalf of The Maclellan Foundation Inc.

34. Chancery Court Clerk Job Takes Russell ‘Full Circle’ - Thursday, January 05, 2012

The new clerk and master of Shelby County Chancery Court is returning to the world of court administration.

Donna Russell was appointed to the position late last year by the court’s three chancellors following the sudden resignation of clerk and master Dewun Settle in September.

35. Cable Companies to Resell Verizon Wireless Service - Monday, December 05, 2011

NEW YORK (AP) – Cable companies Comcast Corp., Time Warner Cable Inc. and Bright House Networks are giving up on their dreams of creating their own wireless network, opting instead to resell Verizon Wireless service.

36. Bartlett Auto Service Garage on U.S. 64 Sells for $1M - Monday, November 14, 2011

Dilbag Singh Dhaliwal and Kanwaljit Kaur have bought an auto service garage at 7555 U.S. 64 from Thomas M. Black for $1 million. The purchase was financed with an $867,000 loan through Regions Bank that matures in November 2016.

37. Bartlett Storage Facility Sells for $3 Million - Tuesday, November 01, 2011

Olive Branch-based Memphis Storage VI LP has bought a self-storage facility at 8036 U.S. 70 from James C. Hise Jr. and Brenda L. Hise for $3 million. The transaction closed Oct. 25. It was financed by a $2.2 million loan through SunTrust Bank that was filed the same day and matures in November 2016.

38. Former C’ville Fitness Center Sells For $2.7M - Friday, October 21, 2011

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.

39. Apple Sells 4M-Plus New iPhone Models in 3 Days - Tuesday, October 18, 2011

NEW YORK (AP) – Apple Inc. on Monday said it sold more than 4 million units of the new iPhone model in three days – meaning it's selling more than twice as fast as the previous model did when it launched last year.

40. Distriplex Farms Warehouse Sells For $3 Million - Thursday, September 29, 2011

JSR Properties has bought two properties in Holmes/Mineral Wells Planned Development from Illinois-based DFS Services LLC for $3 million. One parcel contains a warehouse at 5305 Distriplex Farms Drive; the second is adjacent vacant land.

41. Barnes & Noble to Sell Nook at RadioShack - Thursday, September 22, 2011

NEW YORK (AP) – Barnes & Noble Inc. said Wednesday that it will add RadioShack Corp. to the list of retailers that sell its electronic reader, the Nook.

42. Raleigh Apartments Sell for $3.9 Million - Thursday, September 01, 2011

The Villages at Harrison Creek apartment complex at 3855 Jackson Ave. in Raleigh sold Aug. 26 for $3.9 million in a substitute trustee’s deed following a foreclosure of the property.

43. Bartlett Walgreens Site Sells for $3.8 Million - Monday, August 08, 2011

Deerfield, Ill.-based Cole WG Bartlett (St. Elmo) TN LLC has bought the site of a Walgreens at 6565 St. Elmo Road in Bartlett from Whitnall Garden Apartments for $3.8 million.

44. Noble Investment Buys Holiday Inn Select - Thursday, July 28, 2011

An Atlanta hospitality investment firm has paid $7.5 million for the Holiday Inn Select Memphis East at 5795 Poplar Ave. where Poplar and Interstate 240 intersect.

45. Villas at Cordova Complex Sells for $14.2M in Foreclosure - Tuesday, July 26, 2011

8546 Prestine Loop
Cordova, TN 38018
Sale Amount: $14.2 million

Sale Date: May 11, 2011

46. Legends at Wolfchase Sells for $27.8M - Tuesday, July 19, 2011

Legends at Wolfchase, a 300-unit apartment community in the Cordova apartment submarket, sold on Thursday, July 14, for $27.8 million.

Blake Pera and Tommy Bronson III with CB Richard Ellis Memphis’ multifamily division represented the seller, BlackRock, a New York-based pension fund adviser, in the sale to Los Angeles-based Passco Cos. LLC.

47. French Village Apartment Complex Sells for $2.8M - Thursday, July 07, 2011

Arlington-based Grahamwood Place Apartment Community LLC has bought the 244-unit French Village Apartments at 4055 Summer Ave. from French Village Apartments LP for $2.8 million.

48. Germantown Collection Sells for $7.3M in Foreclosure - Monday, July 04, 2011

7810 Poplar Ave.
Germantown, TN 38138
Sale Amount: $7.3 million

Sale Date: June 23, 2011
Buyer: GA Poplar Avenue Germantown LLC (c/o Principal Real Estate Investors)
Seller: Jason A. Strain, substitute trustee
Original Borrower: CH Realty III/Germantown LLC
Original Lender: Principal Life Insurance Co.
Orig. Loan Amount: $8.7 million
Orig. Loan Date: Oct. 12, 2004

49. Orchards of Collierville Sells for $15.7M - Friday, June 24, 2011

The Orchards of Collierville – a 226-unit apartment community at 400 Orchard Circle W. – has sold for $15.7 million.

50. Orchards of Collierville Sells for $15.7M - Thursday, June 23, 2011

The Orchards of Collierville – a 226-unit apartment community at 400 Orchard Circle W. – has sold for $15.7 million.

51. Apple Starts Selling Unlocked iPhones in US - Wednesday, June 15, 2011

NEW YORK (AP) – Apple Inc. on Tuesday started selling "unlocked" iPhones in the U.S. for the first time, allowing owners to switch carriers to a limited extent and save money when traveling.

52. Bartlett Warehouses Sell for $15M in Foreclosure - Monday, June 06, 2011

CMLT 2008-LS1 Wolf Lake Drive LLC, an entity affiliated with Miami Beach, Fla.-based LNR Partners LLC, has bought 10 parcels comprising 15 addresses in Bartlett Logistics Center at a foreclosure sale for $15 million. CMLT 2008-LS1 Wolf Lake Drive LLC was the current lender for the property.

53. Circle K Sells Store for $700,000 - Monday, April 18, 2011

Memphis-based limited liability company 4789 E. Shelby LLC has bought two parcels, including a convenience food store, from Circle K Stores Inc. for $700,000.

54. Houston Levee Shopping Ctr. Sells for $525,000 - Tuesday, April 12, 2011

A N Investments LLC has bought a neighborhood shopping center from Regions Bank for $525,000. The deal closed April 1 and was financed with a $420,000 loan through First Tennessee Bank NA.

55. Clearbrook Village Apts. Sells for $2.7 Million - Friday, April 08, 2011

Clearbrook Village Apartments LLC, a limited liability corporation associated with Brooklyn, N.Y.-based Besyata Corp., has bought Clearbrook Village apartments at 3516 Tall Oaks Circle from Alliance ES Clearbrook Village LLC for $2.7 million.

56. Collierville Land Sells at Foreclosure Sale - Wednesday, March 02, 2011

Memphis-based CGL Investments LLC has bought two parcels of vacant land in Collierville at a foreclosure sale for $942,400. The parcels were originally owned by MSMM-II Realty Investment Co., which defaulted on a 2005 loan.

57. Beale St.'s A. Schwab on the Market - Monday, February 28, 2011

The oldest business on Beale Street is for sale.

A. Schwab, a general store operating on the street since 1876, is on the market and is listed with Slovis & Associates LLC.

58. Beale Street's A. Schwab for Sale - Friday, February 25, 2011

The oldest business on Beale Street is for sale.

A. Schwab, a general store operating on the street since 1876, is on the market and is listed with Slovis & Associates LLC.

59. Wolfchase Auto Dealer Site Sells for $4M - Friday, February 04, 2011

A Wolfchase auto dealership facility is officially changing hands and names.

First Tennessee Trust Department has bought the 48,085-square-foot auto dealership formerly known as Cadillac SAAB of Memphis, 7727 U.S. 64, for $4 million.

60. Hopson Provides MCS Legal Counsel - Thursday, January 27, 2011

Being legal counsel for a school system is not for the faint of heart.

That’s true not just in Memphis and it was true in Memphis long before a charter surrender resolution ever showed up on the board’s agenda.

61. Houston Levee Strip Center Sells for $1.1 Million - Monday, January 17, 2011

Farhad Montomedi has bought a strip shopping center in Cordova from Chamberlain, McCreery & Rice GP for $1.1 million.

The property includes a one-story, 9,936-square-foot center built in 2007 sitting on 0.9 acres. The Shelby County Assessor of Property’s 2010 appraisal was $1.1 million. The purchase also included a 0.4-acre parcel of vacant land on Breezy Valley Drive. That parcel’s 2010 appraisal was $171,200.

62. Stage Road Dealership Sells for $4 Million - Monday, January 10, 2011

Bud Davis Cadillac Inc. has sold its former auto dealership at 7727 U.S. 64 (Stage Road) near Bartlett for $4 million to First Tennessee Bank as trustee.

63. Collierville Office Building Sells for $1.3M in Foreclosure - Tuesday, December 28, 2010

472 W. Poplar Ave.
Collierville, TN 38017
Sale Amount: $1.3 million

Sale Date: Dec. 14, 2010
Buyer: First Citizens National Bank
Seller: Ralph Henson, trustee
Orig. Borrower: Loyal Featherstone Realtors Inc.
Orig. Lender: First Citizens National Bank
Orig. Loan Amount: $1.6 million
Orig. Loan Date: March 7, 2007
Orig. Maturity: March 7, 2008

64. Collierville Office Building Sells for $1.3M in Foreclosure - Thursday, December 23, 2010

First Citizens National Bank has bought a low-rise office building at 472 W. Poplar Ave. in Collierville at a foreclosure sale. The sale was due to Loyal Featherstone Realtors Inc.’s default on a $1.6 million loan. First Citizens paid $1.3 million for the property.

65. Global Distriplex Warehouse Sells for $1.8M in Foreclosure - Monday, December 13, 2010

Renasant Bank has bought a 58,953-square-foot warehouse at 5375 Mineral Wells Road from Global Distriplex for $1.8 million at a foreclosure sale. The Dec. 8 sale occurred because Global Distriplex defaulted on a $2.6 million loan through Renasant.

66. Corner Park Complex Sells for $558K in Foreclosure - Tuesday, November 02, 2010

4150 Winchester Road
Memphis, TN 38118
Sale Amount: $558,000

Sale Date: Oct. 26, 2010
Buyer: City National Bank
Seller: City National Bank via Stewart Title of Memphis Inc.
Original Borrower: Alterra Corners LLC
Original Lender: City National Bank
Original Loan: $3.6 million
Original Loan Date: February 2007

67. Bartlett Applebee’s Sells to Arizona Investment Company - Tuesday, October 26, 2010

2890 Bartlett Blvd.
Bartlett, TN 38134
Sale Amount: $1.9 Million

Sale Date: Oct. 8, 2010
Buyer: Cole AP Bartlett TN LLC
Seller: DBAPPLEF LLC

68. Bartlett Applebee's Sells for $1.9 Million - Monday, October 25, 2010

The Applebee’s Neighborhood Grill and Bar at 2890 Bartlett Blvd. in Bartlett has sold for $1.9 million to Cole AP Bartlett TN LLC, an entity related to Phoenix-base Cole Real Estate Investments.

69. D. Canale Site Sells as Part of Hand Purchase - Tuesday, October 05, 2010

45 E.H. Crump Blvd.
Memphis, TN 38106
Sale Amount: $4 million

Sale Date: Sept. 24, 2010
Buyer: The Hand Family Realty Co. LLC
Seller: D. Canale Beverages LLC
Loan Amount: $48.4 million
Loan Date: Sept. 27, 2010
Maturity Date: n/a
Lender: Branch Banking and Trust Co.

70. Canale Sells Property to Hand for $4 Million - Thursday, September 30, 2010

The D. Canale Beverages LLC property at 45 E.H. Crump Blvd. has formally sold for $4 million to The Hand Family Realty Co. LLC, an affiliate of Clarksville, Tenn.-based The Hand Family Beverage Co.

71. Market at Riverdale Sells for $1.8 Million - Monday, September 20, 2010

Riverdale Investors LLC has bought the Market at Riverdale shopping center from Market at Riverdale Bend HH LLC for $1.8 million. No loan documents were filed at the time of purchase.

72. Riverdale Road IHOP Sells for $2.2 Million - Thursday, September 16, 2010

ARC IHMPHTN002 has bought a 4,200-square-foot IHOP restaurant at 3710 Riverdale Road for $2.2 million. Built in 1999, the restaurant is at the northeast corner of Riverdale Road and Malco Crossing in Hickory Trace Commons Planned Development, phase three.

73. 23 Lots in Maple Grove Sell for $805,000 - Monday, September 13, 2010

Twenty-three lots in Arlington’s Maple Grove Planned Development have sold for $805,000. L1 Properties LLC bought the lots, which are in phase two of the development, from Maple Grove Partners.

74. Memphian Pens Sleep Self-Help Book - Thursday, August 26, 2010

Dr. Karin Thompson would prefer her new book on post-traumatic insomnia end up on somebody’s nightstand than a medical library.

75. Pinnacle Board Gets Downtown Hard Sell - Wednesday, August 11, 2010

Pinnacle Airlines Corp. executives, after listening to a coordinated, Downtown-focused pitch from developers, businessmen and political leaders, will now take about a month to finish deciding where to relocate their corporate headquarters.

They’re considering sites Downtown, near Memphis International Airport as well as beyond the city. Mississippi has made what Pinnacle acknowledged is a “generous” offer for the company to move to Olive Branch.

Pinnacle executives are in town this week for the Memphis-based regional air carrier’s regular board meeting. Backers of the proposal to make Pinnacle the anchor tenant at Downtown’s One Commerce Square took that opportunity to make their case directly to the company in a private meeting Tuesday evening on the 29th floor of the landmark tower.

After about an hour, Pinnacle executives descended to the One Commerce lobby, where Memphis’ business elite were gathered, refreshments were served, and projected onto a screen were the words “Pinnacle Land Here” against a backdrop of the city.

Guests included a handful of political leaders, representatives of the Greater Memphis Chamber, EmergeMemphis, the Center City Commission and the heads of Memphis two largest locally-based banks, First Tennessee and Independent Bank, among other people.

Contrasting with the traditional nametags everyone else wore, the nametags of Pinnacle board members were brightly colored. All the better, Downtown supporters pointed out, for identifying them and laying on the charm.

“We’re going to fill this building,” exclaimed Karl Schledwitz, one of the partners with Southland Capital president Terry Lynch involved in buying the tower and working to lease a significant portion of it to Pinnacle.

As guests mingled, a marketing video produced by the Center City Commission was played on one wall that featured Downtown workers talking up the neighborhood. The same video was shown earlier that evening during the private pitch to Pinnacle’s board.

Making the case to the board were Memphis Mayor A C Wharton Jr.; incoming Shelby County Mayor Mark Luttrell and representatives of the investors buying One Commerce, as well as the Center City Commission and the Looney Ricks Kiss architectural firm.

“Pinnacle Airlines Corp.’s board of directors participated in a walk-through of One Commerce Square, hosted by members of the Center City Commission, the investors who are buying the building, and key business and government leaders,” said Phil Trenary, Pinnacle’s president and CEO, in a statement released Tuesday night. “This visit gave our board an opportunity to get a firsthand look at the building.

“Pinnacle has not selected a new site and still has to complete an in-depth analysis on this and other sites. We appreciate the interest and enthusiasm that the City of Memphis, the CCC, the Chamber and the ownership group have shown as we move through this process.”

Tuesday was the culmination of a months-long synchronized attempt at deal-making among several entities working to keep Pinnacle from being lured away from Memphis.

Details of the multimillion-dollar incentive package business and civic leaders have pieced together to cement the Downtown location for Pinnacle also began to trickle out Tuesday.

Coupled with that, a series of well-timed dominoes still needs to fall into place before a deal sweetened with a variety of incentives comes together.

Lynch confirmed Tuesday afternoon that several things have to happen more or less simultaneously.

The city, or perhaps an entity like one of the Center City Commission’s affiliated boards, would need to buy a nearby parking garage at the same time the investors buy One Commerce Square and at the same time Pinnacle signs a lease. Plans in the works now call for leasing the nearby parking garage back to One Commerce Square's new owners and giving Pinnacle parking there. More Pinnacle parking would be available at 250 Peabody Place.

Lynch said a memorandum of understanding has already been making its way around to various people involved in the deal. Wharton, outgoing Shelby County Mayor Joe Ford and CCC President Paul Morris have all signed a memo outlining the proposed incentives.

Lynch said U.S. Bank, the current owner of One Commerce Square, has accepted the investment group’s bid, but plenty more moving pieces need to fall into place.

“We have a letter of intent and we’re working through a contract right now. We’re just going back and forth. That’s the status of it right now,” Lynch said.

He said the timeline for next steps is fluid.

“If we don’t get past the first one, we can’t get to the second one,” Lynch said. “There’s various steps we have to get to.”

Wharton said Tuesday the city would like to commit $3 million from the $5 million economic development fund Wharton recently asked for the City Council’s approval to establish.

Wharton also mentioned Tuesday the possibility of applying for $15 million in American Recovery and Reinvestment Act bond allocations from the state to add to the pot of financing for the Pinnacle deal.

Another facet of the issue is how to pay for and fit into the package the acquisition of a nearby parking garage for Pinnacle’s use. The importance of that topic was discussed by Downtown officials with Pinnacle’s board Tuesday night.

“Landing Pinnacle Downtown would be a big boost in all kinds of ways,” said council member Bill Boyd.

U.S. Bancorp recently accepted the bid to buy One Commerce Square tower from a group of investors that includes Lynch; Schledwitz; and Gary Prosterman.

Lynch’s group is committing $25 million to $30 million on the building, which includes the purchase price and improvements to the building in the coming months. The group is now teeing up a deal to make Pinnacle the building's anchor tenant, something that Wharton has said will be an attraction to other businesses that have expressed interest in following suit if Pinnacle inks a deal.

Lynch wasn’t able to disclose the building's formal purchase price, but One Commerce Square was listed for $12 million.

Look for updates at The Daily News Online, www.memphisdailynews.com.

76. Apartment Complex Sells for $1.7 Million - Tuesday, August 03, 2010

Rivertown Square Apartments LLC has bought the 170-unit apartment complex at 2271 Airways Blvd. in the Defense Depot area for $1.7 million.

77. Bill to Make it Illegal to Sell Fake Urine - Wednesday, April 21, 2010

NASHVILLE (AP) - A proposal that would make it illegal in Tennessee to sell fake urine for the purpose of falsifying a drug test is headed to the governor for his consideration.

The measure sponsored by Democratic Sen. Doug Jackson of Dickson was unanimously approved by the Senate Monday evening. The companion bill also passed the House unanimously last month.

78. Venice Tile Founder Emphasizes Variety, Selection - Monday, March 01, 2010

David Gicking, a tile setter, opened Venice Tile & Marble Showroom in 1988 because he was bored with the bland, generic materials available at most local stores.

Today, his store offers about 260 lines.

79. Guilty Plea Entered in Biodiesel Scam Trial - Monday, February 15, 2010

ABERDEEN, Miss. (AP) - A former Tennessee lawyer has pleaded guilty to one count related to his role in defrauding the U.S. Department of Agriculture out of $2.8 million in bioenergy subsidy money.

80. Whitehaven Complex Sells for $1.3M - Wednesday, January 13, 2010

The 112-unit Sunrise Terrace Apartments at 2080 Winchester Road in Whitehaven sold at the end of last month for $1.3 million to a Montreal-based entity called Sunrise Memphis Corp. The seller was Sunrise Apartments LLC, which had acquired the complex in a 2007 quitclaim deed.

81. People of Tunica, Make Yourselves Heard As Details of GreenTech Deal Trickle Out - Monday, December 07, 2009

When globalization reaches the cotton fields of Tunica, Miss., it becomes more than just a distant concept. Unfortunately, however, it still lacks a specific definition and history on which to make risk-free business decisions.

82. Shelby Grove Apartment Complex Sells for $4.7M - Monday, November 23, 2009

The 98-unit Shelby Grove Apartments at 6320 Gillespie Road near Bartlett has sold for $4.7 million to an entity called Flynn Realty & Development Shelby Grove LLC, whose address is listed in Syosset, N.Y. The seller was MAC LP, and the sale closed Nov. 11.

83. Raleigh Springs Mall Sells for $650K - Friday, October 23, 2009

The Raleigh Springs Mall has a new owner. Whether that owner can breathe new life into the beleaguered shopping center remains to be seen.

Angela Whichard Inc., a company related to Raleigh, N.C.-based Whichard Real Estate, has bought the mall at 3390 Austin Peay Highway for $650,000 and the JCPenney department store plus an outparcel on the north side of the mall for $100,000.

84. 17 Lots in Collierville Gardens Sell for $1.5M - Tuesday, September 29, 2009

Jason Crews Partnership has sold 17 lots in the Collierville Gardens Planned Development for $1.5 million to Hilliard Crews Partnership. The sale occurred Sept. 17. The 23-lot, 56.66-acre subdivision was developed by Shelby Group Realty LLC, which filed its plat on the property in 2001.

85. Retailers Warned Against Selling Single Cigarettes - Friday, September 25, 2009

State agencies are warning tobacco retailers to stop selling individual cigarettes that can be as cheap as 25 cents apiece, but pose a health threat to young people.

The state Attorney General’s Office has notified 23 retailers who are allegedly selling single cigarettes that have been removed from the packs, called “loosies.”

86. SEC Rule on 'Naked' Short-Selling Now Permanent - Tuesday, July 28, 2009

WASHINGTON (AP) - Federal regulators on Monday made permanent an emergency rule aimed at reducing abusive short-selling, put in at the height of last fall's market turmoil.

The U.S. Securities and Exchange Commission announced that it took the action on the rule targeting so-called "naked" short-selling, which was due to expire Friday.

87. Butler Snow Selected To ‘Midsize Hot List’ - Monday, July 27, 2009

Butler, Snow, O’Mara, Stevens & Cannada PLLC has been selected for The National Law Journal’s inaugural “Midsize Hot List,” which recognizes firms that have “proven to be more agile than their bigger competitors.”

88. Fogerty Joins Jackson Lewis In Of Counsel Role - Wednesday, July 15, 2009

Whitney King Fogerty has joined Jackson Lewis LLP as of counsel.

Fogerty was previously a shareholder at Ogletree, Deakins, Nash, Smoak & Stewart PC, where she specialized in labor and employment litigation. She has practiced law for 10 years and has been named among Chambers USA’s Leading Lawyers for Business the past two years.

89. Bill to Relax Rules on Selenium Fails in Tenn. House - Thursday, June 04, 2009

NASHVILLE, Tenn. (AP) - Legislation that would relax standards for release of the mineral selenium into Tennessee waters is likely dead this session after it failed to get a majority vote in the House.

90. Brown Joins Jackson Lewis In Of Counsel Capacity - Thursday, May 14, 2009

R. Larry Brown, former chief human resources officer at FedEx Express, a subsidiary of FedEx Corp., has joined the Memphis office of law firm Jackson Lewis LLP, a national workplace firm with 41 offices.

91. Faughnan Selected For Litigation Counsel of America - Thursday, April 30, 2009

Brian Faughnan, a partner at the Memphis office of Adams & Reese LLP, has joined the Litigation Counsel of America, an invitation-only trial lawyer honorary society.

92. Measure to Relax Rules on Selenium - Tuesday, April 21, 2009

NASHVILLE, Tenn. (AP) - State legislators are debating a bill that would relax standards for release of the mineral selenium into Tennessee waters.

The Knoxville News Sentinel reports the bill, sponsored by House Conservation and Environment Committee Chairman Joe McCord, is being pushed by the coal industry and opposed by environmentalists. McCord is a Maryville Republican.

93. Summer Ave. Apartment Complex Sells for $1.1 Million - Monday, March 16, 2009

The 32-unit Summer Oaks apartment complex at 4030 Summer Ave. in Berclair has sold for $1.1 million to Charles Shoffner of Collierville. The sale occurred in January, although the transaction wasn’t processed by the Shelby County Register of Deeds until last week.

94. Shelby County Democrats To Begin Leadership Selection - Tuesday, March 03, 2009

After some confusion and political maneuvering, the Shelby County Democratic Party will begin the two-part process of selecting new leadership Saturday.

The ward and precinct caucuses at Airways Middle School Saturday morning are to select delegates to the March 28 local party convention also at Airways Middle School.

95. Former Steak & Ale Sells for $1.9 Million - Monday, January 05, 2009

RABF Holdings LLC, an investment group headed by Bernard Farber, Robert Allen and Anwar Aman, has bought the old Steak & Ale restaurant at 6201 Poplar Ave. for $1.9 million from CNL Net Lease Funding 2001 LP.

96. Collierville Parcel Sells for $820,000 - Friday, December 26, 2008

A 2.79-acre parcel of vacant land has sold for $820,000 in what appears to be an internal transfer between two entities related to local Burger King franchisee Mirabile Investment Corp. Mirabile Properties II sold the land, which is zoned commercial, to Mirabile Properties on Dec. 15.

97. Former Bill Heard Dealership Sells for $10 Million - Wednesday, December 10, 2008

The former Bill Heard Chevrolet dealership in Collierville has sold for $10 million. Eagle Land Co. LLC, which shares a Columbus, Ga., address with Bill Heard Chevrolet Inc., has sold the property at 4605 Houston Levee Road to Sunrise Buick Pontiac GMC at Collierville LLC.

98. Morgan Stanley to Sell 20 Percent Stake to Mitsubishi - Tuesday, September 23, 2008

NEW YORK (AP) – Investment bank Morgan Stanley reported Monday it signed a letter of intent to sell up to 20 percent of the company to Mitsubishi UFJ Financial Group Inc.

Financial terms of the deal were not disclosed. If the deal is completed, the price would be based on Morgan Stanley’s book value after Japan’s largest bank completes a due diligence review. The letter of intent signed by both banks is nonbinding.

99. Collierville Red Robin Sells for $2 Million - Monday, September 22, 2008

Ohio investors have bought the Red Robin Gourmet Burgers restaurant in Collierville for $2 million. The 6,582-square-foot restaurant, completed last year, sits on a 1.72-acre outparcel of The Avenue Carriage Crossing shopping center.

100. Bartlett Warehouse Sells for $1.3 Million - Tuesday, September 16, 2008

The San Ramon, Calif.-based entity Frank and Frank Partnership has bought a Bartlett warehouse for $1.3 million from Westview LLC of Cordova. The addresses for the property are listed as 2800, 2804 and 2810 Bartlett Road.