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Editorial Results (free)

1. New Elvis Owners Discussing Graceland Upgrades -

MEMPHIS (AP) – An executive with the company that purchased Elvis Presley's intellectual property says it is discussing ways to expand the late rock and roll icon's brand and upgrades to the Graceland tourist attraction.

2. Elvis’ Intellectual Property Rights Sold -

Authentic Brands Group, a New York City intellectual property corporation, has bought Elvis Presley’s intellectual property and the right to operate Graceland from CORE Media Group, becoming the latest of four companies to own a majority share in the intellectual property assets of the late Memphis entertainer.

3. Olymbec Acquires 13-Building Bellbrook -

Olymbec USA LLC has snatched up two more key Memphis properties, including the 1.8 million-square-foot Bellbrook industrial park.

4. Square Roots -

Breakaway Running owner Barry Roberson was blown away by the crowds who visited his new Overton Square store, which opened Oct. 30.

5. French Quarter Deal Collapses -

A Texas-based group had inked a deal to purchase the long-vacant French Quarter Suites Hotel near Overton Square, but the proposed sale fell through the cracks.

Austin, Texas-based ASC Management had until Oct. 31 to close on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street but did not complete the sale.

6. French Quarter Suites Deal Hangs in Balance -

A planned deal to redevelop the long-vacant French Quarter Suites Hotel near Overton Square is nearing a critical deadline.

Austin, Texas-based ASC Management has until Oct. 31 to close on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street but has not yet done so, according to one of the property’s current owners.

7. French Quarter Deal Hangs in Balance -

A planned deal to redevelop the long-vacant French Quarter Suites Hotel near Overton Square is nearing a critical deadline.

Austin, Texas-based ASC Management has until Oct. 31 to close on the purchase of the 105-room inn at the northeast corner of Madison and Cooper Avenues but has not yet done so, according to one of the property’s current owners.

8. Mary Carter Decorating Center to Grow, Relocate -

A venerable Memphis cake decorating and supply store is moving to a new location on Summer Avenue.

Mary Carter Decorating Center signed a 4,800-square-foot lease in Cloverleaf Shopping Center at 733 N. White Station Road.

9. BankTennessee Buys Downtown Bank Building -

BankTennessee has bought the bank’s Downtown Memphis office building at 30 N. Second St.

The property, once known as the Welcome Wagon building, also has been renamed the BankTennessee Building.

10. BankTennessee Buys Downtown Bank Building -

BankTennessee has bought the bank’s Downtown Memphis office building at 30 N. Second St.

The property, once known as the Welcome Wagon building, also has been renamed the BankTennessee Building.

11. Flowers Foods Buys Former Hostess Bakery -

An affiliate of Thomasville, Ga.-based Flowers Foods Inc. has paid $1.8 million for the former Hostess Wonder Bread bakery at 400 Monroe Ave. Downtown.

12. Construction Begins on Hattiloo Theatre -

Construction has begun on the Hattiloo Theatre in Overton Square.

The $2.8 million, 10,600-square-foot black repertory theater is rising at the northwest corner of Monroe Avenue and Cooper Street and will feature two stages for larger and smaller shows.

13. Construction Begins on Hattiloo Theatre -

Construction has begun on the Hattiloo Theatre in Overton Square.

The $2.8 million, 10,600-square-foot black repertory theater is rising at the northwest corner of Monroe Avenue and Cooper Street and will feature two stages for larger and smaller shows.

14. State Delays Office Lease Announcement -

Groups hoping to garner the state’s real estate needs Downtown will have to wait a little longer to find out if they placed the winning bid.

The state had originally planned to issue a notice of awarding the lease for its office space needs Tuesday, July 23, but that date has been changed to Aug. 19, when the executive subcommittee of the State Building Commission meets.

15. Five Groups Bid for State Office Space -

Five groups have submitted bids to become the new home to roughly 900 state workers.

JP-Memphis, Memphis Commerce Square Partners, Peabody Tower GP, Peabody Place Gold GP and Hertz Memphis all submitted bids for the state’s real estate needs.

16. Olymbec Files $5.5 Million Mortgage on Brinkley Plaza -

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, has filed a $5.45 million mortgage on Brinkley Plaza in Downtown Memphis.

17. Olymbec Files $5.5 Million Mortgage on Brinkley Plaza -

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, has filed a $5.45 million mortgage on Brinkley Plaza in Downtown Memphis.

18. Loeb: City Should Increase Investment in Urban Core -

The relevance of Overton Square is that it’s one of many initiatives the city has in place to make Memphis a better place and a city of choice for the millennial generation.

Seventy-seven percent of those born from the early 1980s to the early 2000s want to live in the urban core and to drive less.

19. Center City Revenue Finance Corp. Passes Financing for Downtown Buildings -

The Downtown Memphis Commission’s Center City Revenue Finance Corp. passed several housekeeping items at its Tuesday, Nov. 13, board meeting, including assigning a payment-in-lieu-of-taxes (PILOT) lease agreement to Montreal-based Olymbec USA LLC for Brinkley Plaza, 80 Monroe Ave.

20. Center City Revenue Finance Corp. to Consider Brinkley Plaza Tax Break -

The Downtown Memphis Commission’s Center City Revenue Finance Corp. (CCRFC) has a full agenda for its Tuesday, Nov. 13, board meeting, with leasing and financing requests for Brinkley Plaza, Toyota Plaza and the Peabody Hotel Tract.

21. Brinkley Plaza Sells to Olymbec for $7.2 Million -

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.

22. Brinkley Plaza Sells to Olymbec for $7.2M -

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.

23. J.D. Byrider Brings First Franchise To Memphis -

The nation’s largest used car franchise company has entered the Memphis market. Carmel, Ind.-based J.D. Byrider has inked 30,900 square feet at 2580 Mount Moriah Road, marking the company’s second Tennessee dealership.

24. Holograms Present Celebs With New Afterlife Issues -

LOS ANGELES (AP) – When Tupac Shakur rose from the stage in the California desert earlier this year, it was not only a jaw-dropping resurrection, but also the beginning of a new form of live entertainment.

25. Nursing Home Owner Files $13 Million Loan -

3549 Norriswood Ave.
Memphis, TN 38111

Loan Amount: $13 million

Loan Date: July 13, 2012

26. Loeb Closes On $7M Purchase Of Overton Square -

Loeb Properties Inc. has closed its $7 million acquisition of Overton Square, after many months of negotiations with former owner, Denver Colo.-based Overton Square Investors LLC.

27. Loeb Closes on $7M Purchase of Overton Square -

Loeb Properties Inc. has closed its $7 million acquisition of Overton Square, after many months of negotiations with former owner, Denver Colo.-based Overton Square Investors LLC.

28. Owner Files $1.3 Million Loan on Cadre Building -

Cadre Realty LLC has filed a $1.3 million loan through First Alliance Bank on the Cadre Building at 149 Monroe Ave., on the southeast corner of Monroe and South Second Street.

29. Square Again Abuzz With Entertainment Options -

After three years of culinary success Downtown, owner Jeff Johnson is looking forward to taking his popular restaurant and bar Local Gastropub to the next level.

30. Another Round -

The revitalization of Overton Square can perhaps be best summed up with a famous quote often attributed to Mark Twain: “History does not repeat itself, but it does rhyme.”

The history of the Midtown entertainment district dates back to late 1970, when T.G.I. Friday’s opened its first franchised location on Madison Avenue near Cooper Street following the passage of a referendum vote allowing liquor by the drink citywide a year prior.

31. 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

32. Events -

The Black Business Association of Memphis will hold a general membership meeting Thursday, May 17, at 8 a.m. at the BBA office, 555 Beale St. Contact BBA at bbamemphis.com, info@bbamemphis.com or 526-9300.

33. Second Budget Vote Tops Agenda -

Memphis City Council members take the second of three votes Tuesday, May 15, on a city budget for the fiscal year that begins July 1 as well as a property tax rate for the fiscal year to come.

But the council is still weighing its options and gathering information through a budget committee that continues meeting Tuesday morning at City Hall.

34. Union Ave. Medical Office Financed for $1.8 Million -

Roundabout Real Estate LLC and Visual Projects LLC, both based in Missouri, have filed a $1.8 million loan through Renasant Bank secured by a nearly 16,000-square-foot medical office building at 2076 Union Ave.

35. Craft Brewery on Tap for Edge District -

A new microbrewery has its sights set on Memphis’ Edge District for a September opening.

High Cotton Brewing Co. – which its partners say will be housed in a Monroe Avenue property, though a contract has yet to be finalized – will join Boscos and Ghost River Brewing in bringing locally crafted beers to the Memphis market.

36. Craft Brewery on Tap for Edge District -

A new microbrewery has its sights set on Memphis’ Edge District for a September opening.

High Cotton Brewing Co. – which its partners say will be housed in a Monroe Avenue property, though a contract has yet to be finalized – will join Boscos and Ghost River Brewing in bringing locally crafted beers to the Memphis market.

37. Monroe Ave. Bldg. Sells For $3.3M -

A fully leased Downtown office building has traded hands for more than twice its assessed value.

309 Monroe Property LLC purchased the 22,792-square-foot property at 309 Monroe Ave. for $3.3 million. The Shelby County Assessor of Property’s 2011 appraisal was $1.5 million.

38. Council to Weigh Pink Palace Funding -

A $20 million upgrade of the Memphis Pink Palace Museum tops the Tuesday, Feb. 21, Memphis City Council agenda that also includes two items key to Overton Square redevelopment and $510,000 in capital appropriations for the Memphis Area Transit Authority.

39. New Dishes -

Memphis’ eyes were bigger than its stomach in 2011, but in a good way.

Some local restaurateurs launched completely new concepts; others entered new submarkets with additional stores. Even a handful of national retailers entered the Memphis market after having locations elsewhere in Tennessee for years.

40. Beyond Square One -

Memphis City Council’s approval for spending $16 million to improve Midtown’s Overton Square marked a milestone for neighborhood supporters, grassroots leaders and financial stakeholders – especially Loeb Properties Inc.

41. Events -

Talk Shoppe will present the seminar “How to Effectively Downsize, Smaller is Better” Wednesday, Oct. 5, from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Drive. For more information, call Jo Garner at 482-0354.

42. ITT Goulds Signs Lease In Southaven -

A Seneca Falls, N.Y.-based industrial pumping system manufacturer has inked a deal for a distribution center across the parking lot from its current space in Southaven.

ITT Goulds signed a 68,508-square-foot lease in Industrial Development International Inc.’s Stateline Business Park Building C, at 8890 Commerce Drive.

43. Council Could Consider Schools Settlement -

Memphis City Council members take up the schools consolidation lawsuit settlement at their Tuesday, Sept. 6 sessions.

The meeting at City Hall, 125 N. Main St., begins at 3:30 p.m.

44. Downtown Restaurants Looking for New Life -

Two popular Downtown Memphis hotspots – Escape Alley - Sundry and Bon Ton Café – are both undergoing major transformations while also working to preserve the area’s history.

Russell Wild and Jo Boone-Wild, owners of Escape Alley, are seeking a partner, investor or buyer for their property at 655 Marshall Ave. Russell, an architect, and Jo, a former personal chef, simply don’t have the manpower or the capital to continue operating the eclectic, “down home” entertainment venue and restaurant.

45. Reservation Rebound -

The Memphis hotel and lodging market is experiencing increased demand and rising occupancy rates thanks to no new hotel construction and flat supply.

“Memphis is pretty much a mid-scale market, and the market is doing better right now than it was at this time last year,” said Chuck Pinkowski of the hotel consulting firm Pinkowski & Co. “With the improving economic situation, both commercial and leisure travel are coming back.”

46. MEPPI Buys Rivergate Park Acreage For Transformer Plant -

186.2 Acres In Rivergate Industrial Park
Sale Amount: $3.7 million
Sale Date: May 31, 2011

Buyer: Mitsubishi Electric Power Products Inc.
Seller: Belz Investco GP
Details: Warrendale, Pa.-based Mitsubishi Electric Power Products Inc. has bought three parcels in Rivergate Industrial Park from Belz Investco GP for $3.7 million. The deal closed May 31. The first parcel is 9.3 acres on the north side of Riverport Road (listed in the deed as Rivergate Road). It backs McKellar Lake, and the Shelby County Assessor of Property’s 2011 appraisal is $419,000. The second parcel is 63 acres on the south side of Riverport Road, appraised at $604,600. The third parcel is 113.9 acres on the north side of Riverport Road, wrapping around the 9.3-acre parcel and including an offshoot of McKellar Lake. Its 2011 appraisal is $769,600.
MEPPI announced in mid-February it would build a $200 million transformer manufacturing plant in Belz Enterprises Inc.-owned Rivergate Industrial Park.
In March, the Shelby County Commission and Memphis City Council each put in $1 million toward infrastructure financing for the project.

47. Core Memphis Buys Medical Bldg. for $3.1M -

Columbus, Ohio-based Core Memphis LLC has bought two tracts with parcels on Union Avenue and South Willett Street from West Union Partners LLC for $3.1 million.

48. Local Investors to Buy One Commerce -

U.S. Bancorp has accepted the bid from a local investment group to buy One Commerce Square at 40 S. Main St.

The group, which includes Southland Capital president Terry Lynch, his partner Karl Schledwitz and also Gary Prosterman, submitted its bid last week.

49. Local Investors to Buy One Commerce -

U.S. Bancorp has accepted the bid from a local investment group to buy One Commerce Square at 40 S. Main St.

The group, which includes Southland Capital president Terry Lynch, his partner Karl Schledwitz and also Gary Prosterman, submitted its bid last week.

50. Historic Restaurant to Begin New Chapter in New Locale -

Jim’s Place restaurant was founded Downtown in 1921. Eighty-nine years later, the Taras family still owns Jim’s Place East, on Shelby Oaks Drive, and Jim’s Place Grille, in Collierville, though a major change is coming for Jim’s Place East in the next few months.

51. Development Partners Reunite on Midtown Project -

Community Capital and Architecture Inc. have teamed up again, this time to build Community Capital’s new headquarters at 1708 Monroe Ave. between South Belvedere Boulevard and South Evergreen Street.

52. Last Straw? -

News last week that the law firm Glankler Brown PLLC will vacate 39,000 square feet in One Commerce Square signaled another blow to the embattled 31-story tower, a fixture on the Memphis skyline for the past four decades.

53. Kramer, Crone Form New Alliance -

Chances are that discussions of the coming May elections will be off-limits at the water cooler of a newly formed law firm Downtown.

Attorneys Alan Crone and Bruce Kramer combined their existing practices to form Kramer + Crone, which became effective on April 1. Both attorneys said their mutual respect for each other trumped opposing political ideologies.

54. Hyneman Sells 3-acre Outparcel Of Lakeland’s Corner Shops -

2957 Canada Road
Lakeland, TN 38002
Sale Amount: $550,000

Sale Date: March 22, 2010
Buyer: A. Douglas Collins
Seller: Corner Shops LLC

55. Madison Avenue Building Sold after Foreclosure -

A commercial real estate portfolio that includes a 24,168-square-foot medical office building at 1391 Madison Ave. in Midtown has been sold back to the lender following a foreclosure.

56. CCRFC to Consider PILOT, Fielder Square Refinance -

The Center City Revenue Finance Corp. this morning will meet to discuss the details of financing packages for a pair of existing Downtown developments.

57. 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

58. Square Deal Undone -

A facelift has been in the works for about a year for a Midtown landmark that long ago succumbed to the real estate equivalent of jowls and wrinkled skin. But after months of planning, it now appears the proposed nips and tucks for Overton Square, a roughly 10-acre hodgepodge of shops, restaurants and a movie theater, won't be happening after all.

59. Playhouse on the Square Readies for Building’s Debut -

In anticipation of its grand opening production of “Pippin” Jan. 29, the new three-story Playhouse on the Square near Overton Square held its first preview event this week.

The new theater is the culmination of five years of fundraising and more than a year of construction.

60. Plans Submitted for Overton Square Revamp -

Oklahoma-based Sooner Investment has submitted its plan to overhaul the southern half of Overton Square to the Memphis-Shelby County Office of Planning and Development.

That step makes official the developer’s intentions for the square.

61. Overton Square Developer Files Plans -

Oklahoma-based Sooner Investment has submitted its plan to overhaul the south half of Overton Square to the Memphis-Shelby County Office of Planning and Development.

That step makes official the developer’s intentions for the square. And it also sets in motion the regulatory approval process that includes assigning Sooner’s development application to a local planner for review and the distribution of the plans to government officials and area stakeholders.

62. Events -

The Memphis Lawyers’ Chapter and University of Memphis Law School Student Chapter of the Federalist Society will hold a seminar today from 11:45 a.m. to 1 p.m. at the University of Memphis Cecil C. Humphreys School of Law, 3715 Central Ave. Steven J. Mulroy and Christopher Green will present “A Constitution Day Debate: Living Constitution vs. Original Intent.” To register, call Greg Grisham at 527-0214.

63. Roebuck’s Lease-Auction Program Takes Hold -

Robert “Bob” Shively of Roebuck Auctions thought he had a good idea when he formed “Lease for Auction,” the company’s new program that allows bidders to make offers on commercial space to lease rather than buy, as is the traditional auction format.

64. Hyneman Sells Lakeland Outparcel To California Investors -

2957 Canada Road
Lakeland, TN 38002
Sale Amount: $2 Million

Sale Date: June 19, 2009
Buyer: Debbie Ann Martinez and Michael Amerio, as trustees of the Debbie Ann Martinez 2003 Trust (50 percent); and Dawn Lizabeth Bubion and Michael Amerio, as trustees of the Dawn Lizabeth Bubion 2003 Trust (50 percent)
Seller: Corner Shops LLC

65. Permit Filed For Cotton Mills Project -

Madison, Miss.-based Memphis Housing LLC, the developer of the Cotton Mills Apartments at 607 Monroe Ave., has filed a $3.5 million permit application with the city-county Office of Construction Code Enforcement to begin work on the complex.

66. Events -

The Greater Memphis Chamber Humana Health Series will be today from 7:30 a.m. to 9 a.m. at Crescent Club, Poplar Ave., Suite 909. The speaker panel will include Craig Becker of the Tennessee Hospital Association, Bob Gordon of Baptist Memorial Health Care and Dave Archer of Saint Francis Hospital. For reservations, contact Angela Michaels at 543-3546 or amichaels@memphischamber.com.

67. New Building Slated for Hickory Hill Dialysis and Vascular Surgery Center -

6490 Mount Moriah Road Ext.
Memphis, TN 38115
Permit Amount: $1.1 Million

Project Cost: $1.1 million
Permit Date: Applied June 2009
Completion: Autumn 2009
Owner: DH MR Partners
Tenant: Mid-South Nephrology Consultants
Contractor: S. Webster Haining & Co.
Architect: Christopher Kidd & Associates LLC

68. East Lake LLC Buys Whitehaven Warehouse -

An entity called East Lake LLC has paid $720,000 for the 9,600-square-foot warehouse at 4587 Damascus Road in Oakhaven/Parkway Village in a special warranty deed. The seller was 309 Monroe LLC and the sale date was May 22.

69. Bank Buys One Commerce For $20M -

One Commerce Square at 40 S. Main St. sold Monday for $20 million on the Shelby County Courthouse steps.

The 31-story landmark skyscraper, foreclosed last month, traded hands during a successor trustee’s sale in which the lender, Park National Bank of Chicago, was the sole bidder for the property.

70. One Commerce Square Faces Foreclosure -

The real estate crisis has struck a blow to the Memphis skyline, hitting one of Downtown’s tallest and most iconic towers.

Trustees have filed a first-run foreclosure notice on One Commerce Square at 40 S. Main St. and will sell the 31-story building on the courthouse steps May 27. The notice appears in today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

71. Apartment Variances Raise Concerns In Medical District -

The approval of variances to build a four-story apartment complex that will tower over neighboring buildings on Monroe Avenue has raised concerns that the Memphis & Shelby County Board of Adjustments will not enforce new guidelines for the Downtown medical district.

72. Trust Buys Trio Of Shrine Building Condos -

Joshua B. Lawhead, acting as trustee for a trust dated Nov. 10, 2008, has bought three roof garden condominiums at the Shrine Building, 66 Monroe Ave. Downtown for $1.7 million. Lawhead bought them Dec. 23 from John Mark Barnes and John Andrew Ranier Grimaldi Jr.

73. Sunrise Buick Buys Collierville’s Bill Heard Dealership -

4605 S. Houston Levee Road
Collierville, TN 38017
Sale Amount: $10 million

Sale Date: Dec. 2, 2008
Buyer: Sunrise Buick Pontiac GMC at Collierville LLC
Seller: Eagle Land Co. LLC
Loan Amount: $10 million
Loan Date: Dec. 2, 2008
Maturity Date: Jan. 1, 2014
Lender: GMAC Bank

74. Whitehaven Dialysis Center Sells Again for $3.3 Million -

The DSI Whitehaven dialysis center at 3420 Elvis Presley Blvd. in Whitehaven has sold for the second time this year. Net Lease Holdings LLC, a St. Louis, Mo.-based company, sold the 9,500-square-foot facility for $3.3 million to an entity called 3420 Elvis BSA LLC of Rochester, N.Y., in a special warranty deed.

75. Growth Continues for Resource Entertainment Group -

Howard Stovall and Mike Brocato, managing partners at Resource Entertainment Group, said they never imagined they would need to become legal specialists to work in the entertainment industry.

But they have spent the past couple of weeks doing just that. The entertainment services company, which just moved into its new office at 153 Monroe Ave. next to the Cadre building Downtown, recently signed a new client that required the company’s executives to learn about tort law and sovereign immunity among other things.

76. Florida Investor Buys SE Memphis Retail Center -

6990 Shelby Drive
Memphis, TN 38125
Sale Amount: Quitclaim

Sale Date: Aug. 1, 2008
Buyer: Gator Shelby Partners Ltd.
Seller: Shelby Square LLC
Loan Amount: $4.3 million
Loan Date: Aug. 1, 2008
Maturity Date: N/A
Lender: Bank of America NA
Details: Miami-based real estate investment firm Gator Investments, operating locally as Gator Shelby Partners Ltd., has entered the Memphis market with the acquisition of the Shelby Square retail strip center on the northeast corner of Riverdale Road and Shelby Drive.

77. Whitehaven Dialysis Center Sells for $2.9 Million -

The DSI Whitehaven dialysis center at 3420 Elvis Presley Blvd. has sold for $2.9 million to St. Louis-based Net Lease Holdings LLC. The seller was Hilco DSI LLC, which is the local affiliate of Hilco Real Estate LLC, a division of Northbrook, Ill.-based Hilco Trading LLC.

78. Pedcor Files Construction Loan For Ashland Lakes Phase II -

Address: 7660 State Line Road

Memphis, TN 38125

Sale Amount: $1.3 Million

Sale Date: May 13, 2008

Buyer: Pedcor Investments-2007-CVIII LP

Seller: Pedcor Investments

79. One Commerce Square Sale Tied Up In Court Dispute -

The parties involved in a proposed sale of Downtown's One Commerce Square building for nearly $31 million, a deal that fell apart back in March, are still haggling in court over part of the transaction.

80. Archived Article -

177 N. Highland St.
Memphis, TN 38111
Permit Cost: $600,000

Project Cost: $40 million

Permit Date: Applied July 6, 2007

81. Swarovski Crystal Shop To Open at Wolfchase -

The retail chain famous for its line of
merchandise bedecked with shimmering crystal - and which boasts a world-renowned brand name - is opening a store in Memphis next month.

Swarovski, which traces its corporate history all the way back to an inventor working in the Austrian village of Wattens at the end of the 19th century, is opening a roughly 1,200-square-foot retail space inside Wolfchase Galleria May 4.

82. Three DSI Dialysis ClinicsPart of Sale-Leaseback Deals -      Northbrook, Ill.-based Diversified Specialty Institutes Inc. (DSI), which owns seven Memphis dialysis centers, has sold three of its properties as part of a sale-leaseback with Nashville-based Hilco Trading Co. Inc.

83. Developers on Edge -

As with the old saying about one door opening when another closes, the same is apparently true when it comes to condominium projects and Downtown Memphis.

This month, for example, the development group behind the planned $40 million, eight-story Mirabella - which would have featured 60 condo units starting at $600,000 a pop - scrapped the high-end project because of lackluster sales.

84. Gruenberg Award Sheds Light on Kress Building -

On North Main Street, old and new converge to create a feeling of revitalization and promise sprinkled with nostalgia.

The trolley rolls by Court Square as pedestrians toss crumbs to the birds, and ashes from the recently burned Lincoln-American Tower are swept up and carted away.

85. If Plans Pass Final Muster, Big Changes on Tap at Tennessee Brewery -

What a difference a PR team, higher elevation, more condos, a bigger price tag, a new dog walk, fresh landscaping, restaurant and retail space make.

When it comes to the current set of plans for redeveloping the ornate, castle-like Tennessee Brewery in Downtown Memphis, the latest team of developers and investors has picked up where their forerunners either couldn't or wouldn't go. And those extra touches may have finally assured the success of the project, which has been tried several times over the years.

86. A GRAVE SITUATION -

Sometime in mid-July, the Sons of Confederate Veterans will show up in Collierville to perform a traditional military ceremony, with friends and family members on hand to observe.

The main order of business will be to relocate the remains of Civil War veteran James M. Northcross from a family plot to a new site in Collierville's Magnolia Cemetery. All of the work will be carefully orchestrated by the Memphis-based urban archaeology firm Weaver and Associates, the same firm that excavated the FedExForum site in 2002.

87. Construction Planned NearMonroe Avenue, Lauderdale Street -     Monroe Properties LLC has filed a $3.6 million construction loan through Financial Federal Savings Bank for land at Monroe Avenue and Lauderdale Street. Monroe bought part of the property June 20 for $317,400 from the Larry E.

88. Finding Safe Harbor -

The Riverfront Development Corp. (RDC) has absorbed $500,000 of city budget cuts and appears ready to move ahead on its largest project to date, the $29.3 million Beale Street Landing.

When the Memphis City Council approved the city budget June 6, the RDC received $2.1 million for its operating budget for fiscal year 2007, down 18 percent from $2.6 million last year. The RDC's total operating budget is projected to be $4.2 million, down slightly from last year's $4.3 million.

89. Old Union Planters Building Gets Major Facelift -

With the Center City Commission (CCC) listing 1,065 condominiums in the Downtown market and with more on the way, a Dallas-based residential development company has decided to go in a different direction.

90. Connecting Buyers and Sellers -

A local Realtor is looking to tap into the rising Downtown condominium market by providing an information center for potential buyers in the 38103 ZIP code.

Kendall Haney, owner of Kendall Haney Realty Group at 612 S. Cooper St., early this month opened the Downtown Condo Connection at 408 S. Front St. as a resource for potential buyers who might be confused by the sheer variety and availability of the area's condos.

91. Local Properties Vie For Historic Register -

They've all outlasted at least 10 U.S. presidents, Sun Records and suburban sprawl, in addition to pre-dating the creation of an Interstate system, FedEx and the rebirth of Downtown Memphis.

Not a bad record for the group of Memphis properties that could be the latest local additions to the National Register of Historic Places.

92. Author, Folklorist Talks about His Local Approach to Life and Literature -

The gift of gab is part and parcel to a lawyer's bag of tricks, so it's no wonder William Lynwood Montell literally has filled volumes with anecdotes from attorneys and judges in two states.

The seasoned oral historian, folklorist and author collected numerous stories for his most recent book, 2005's "Tales From Tennessee Lawyers." That collection followed a theme he explored previously in "Tales from Kentucky Lawyers 2003." The University Press of Kentucky published both books.

93. Downtown Hotel FinancedFor $8.4 Million - Moody National Memphis RI S LLC and Moody National Memphis RI H LLC have financed the Residence Inn at 110 Monroe Ave. through Mortgage Electronic Registration Systems Inc. for $8.4 million. The 89-unit hotel was built in 1930. It is owned by Memphis

94. Downtown Development Spawns Condos Big and Small -

Is bigger better? While the Downtown condominium market appears to be moving in that direction, the little guy isn't down for the count.

When the Center City Commission updated its Downtown Condo Report in late January, it listed 14 condo projects under construction, with a total of 532 units.

95. Archived Article: Real Recap - PUT INTERVIEW ITEM HERE

Turley Begins Shrine Building Conversion

66 Monroe Ave.

Memphis, TN 38103

Cost: $9.5 million

Borrower: Shrine Investment Co.

Lender: First Tennessee Bank NA

Trustee: Thomas F. Baker IV

Property: 0.17 a...

96. Archived Article: Lead - Downtown Neighborhood Rising in Popularity

Downtown Developers Eye The Edge

Revitalization efforts moving beyond Downtown core

LANCE ALLAN

The Daily News

A lot has changed in The Edge neighborhood since its heyday in the 1930s. The ar...

97. Archived Article: Daily Digest - Elm Creek Property

Elm Creek Property

Purchased for $1.4 Million

MDM Co. LLC has purchased 17 lots in the Elm Creek Subdivision in Collierville from JHC Properties LLC for $1.4 million, according to The Daily News Public Records Database, w...

98. Archived Article: Daily Digest - Cordova Property

Cordova Property

Sells for $1.1 Million

Latting Road Partners LLC has purchased 34.27 acres in the Wilderwood Estates Subdivision in Cordova from David Miller LLC for $1.1 million, according to The Daily News Public Records...

99. Archived Article: Daily Digest - TAC Enterprises

TAC Enterprises

Buys Two Properties

TAC Enterprises has purchased property at 2662 Kirby Whitten Road and 7939 Lowrance Road from Jones Carwash LLC for $3 million, according to The Daily News Public Records Database, www.mem...

100. Archived Article: Lead - Downtowns Claridge House Readies for Condos

Claridge House Up for Condo Conversion

Property targets second-home buyers, Downtown workers

LANCE ALLAN

The Daily News

Homebuyers shopping for a Downtown residence soon will have yet anothe...