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Editorial Results (free)

1. US Housing Recovery Appears to be Back on Track -

WASHINGTON (AP) – A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year.

2. Source: Horizon Under Contract To Be Purchased -

The Horizon, an uncompleted 16-story residential tower overlooking the Mississippi River on the southern end of Downtown, could change hands soon.

A yet-to-be-identified buyer is under contract to purchase the tower, according to sources familiar with the effort.

3. Westin Memphis Honored for Community Service -

When an F-5 tornado tore through Angela Copeland’s hometown of Moore, Okla., last year, she initially felt helpless.

4. New Owner Files Loan on East Memphis Building -

The new owner of the 130,593-square-foot office building at 6060 Primacy Parkway in East Memphis has filed an $8.8 million loan on the property.

5. Less-Frenzied House Hunting in Williamson County -

This past week, Realtor Stephanie Tipton Soper had two out-of-town families relocating to Nashville. Both were in search of homes in Williamson County.

Disclosure being the better part of valor, Stephanie is my real estate partner at Christianson, Patterson, Courtney and Associates. With my wife Beth and our twins vacationing in London, Stephanie was the only real estate agent from whom I can draw immediate, deadline-ready data and information, so here she is.

6. Reshaping a City, One Lot at a Time -

John G. Brittle Jr. doesn’t have an office. He has a war room. The space, crowded with maps, charts, books, piles of paper and marked-up spreadsheets, is ground zero for InfillNashville, the 10-person team of site selection specialists that Brittle leads at Village Real Estate Services.

7. Roast of the Town -

If you catch Jimmy Lewis these days and get him talking about coffee roasting, chances are he might never stop.

8. LYFE Kitchen Moving to Memphis -

LYFE Kitchen, a unique California-based restaurant concept, will move its headquarters to Memphis and open two locations – one in Downtown and another in East Memphis.

Palo Alto, Calif.-based LYFE, which stands for Love Your Food Everyday, will open a restaurant in the former Sharky’s Gulf Grill location at 6201 Poplar Ave. and another inside Downtown’s Chisca Hotel, now under construction.

9. Pinch District Could Lose Historic Designation -

The Pinch District, one of the city’s oldest commercial districts, could lose its designation on the National Register of Historic Places, a move that would jeopardize existing buildings but possibly make some new development easier.

10. Pressure Builds to Grant More Tax Breaks -

The head of the Economic Development Growth Engine organization says there is another side to the controversy over granting property tax abatements through payments-in-lieu-of-taxes that isn’t heard in the current civic discussion about the incentives.

11. Midtown Corner Could See Turnaround -

While Midtown as a whole is experiencing a resurgence, two properties at the key intersection of Union Avenue and McLean Boulevard remain vacant, decaying eyesores.

But a real estate agent representing the owner of the vacant office building and hotel at the southwest corner of Union and McLean says both properties are under contract to be sold.

12. Student Housing Tower Planned Near University of Memphis -

A Frankfort, Ky.-based developer is planning to develop a student housing tower close to the University of Memphis.

Will Crumbaugh of Frankfort-based Crumbaugh Properties, through Memphis Student Housing LLC, plans to build a roughly 120-unit, seven-story tower at the southwest corner of Mynders Avenue and Brister Street.

13. Springing to Life -

When Ridgeland, Miss.-based development firm the Bryan Co. broke ground on The Horizon condominium tower in 2007, it was at the peak of the housing bubble and optimism from elected officials and Downtown boosters was equally high.

14. Tamp & Tap to Open in East Memphis -

One of the newest office buildings in East Memphis has landed a popular local coffee shop and restaurant.

Tamp & Tap responded to repeated overtures from Highwoods Properties Inc. and has leased 2,785 square feet of space on the first floor of the Triad Centre III building on Poplar Avenue in East Memphis.

15. Student Housing Tower Planned Near University of Memphis -

A Frankfort, Ky.-based developer is planning to develop a student housing tower close to the University of Memphis.

Will Crumbaugh of Frankfort-based Crumbaugh Properties, through Memphis Student Housing LLC, plans to build a roughly 120-unit, seven-story tower at the southwest corner of Mynders Avenue and Brister Street.

16. Problem Property -

The city of Memphis and the Downtown Memphis Commission suffered a stinging setback this week in their quest to rid a key section of Main Street of a deteriorating eyesore, one that has survived multiple attempts to be sold and defied repeated orders to clean up.

17. Year-Over-Year US Home Prices Show a Slowing Gain -

WASHINGTON (AP) – U.S. home prices rose in June by the smallest year-over-year amount in 20 months, slowed by modest sales and more properties coming on the market.

Data provider CoreLogic said Tuesday that prices rose 7.5 percent in June compared with 12 months earlier. That's a solid gain but less than the 8.3 percent year-over-year increase in May and a recent year-to-year peak of 11.9 percent in February.

18. Gannett Splits Publishing, Broadcasting in Two -

NEW YORK (AP) – The game of survival is on for newspapers, as USA Today owner Gannett on Tuesday became the most recent major media entity to say it will divide its print and broadcast divisions into separate companies.

19. City Mulls Plan to Buy Former State Building -

It would be cheaper and more efficient for the city of Memphis to lease and then buy the vacant Donnelley J. Hill state office building across Main Street from Memphis City Hall than to continue leasing multiple properties spread across town, consultants and city officials told City Council members Tuesday.

20. Carlisle Corp. Buys Sharky’s Property -

6201 Poplar Ave.
Memphis, TN 38119
Sale Amount: $2.9 million

Sale Date: July 29, 2014
Buyer: Wendelta Property Holdings LLC
Seller: Aaron Muschel
Details: An affiliate of Carlisle Corp. has paid $2.9 million for the recently closed Sharky’s Gulf Grill at 6201 Poplar Ave.

21. Dohmen Life Science Adds Space in SE Memphis -

Dohmen Life Science Services is expanding its footprint in Southeast Memphis.

The operator of the pharmaceutical logistics company DDN recently inked lease renewals and an expansion that pushed its occupancy to 628,000 square feet.

22. Polo Shops Retail Center Sells for $2.6 Million -

The Polo Shops retail center at 7444 Winchester Road and 7464 Winchester Road in Southeast Memphis has sold for $2.6 million.

23. ABF Freight Acquires Two Memphis Properties -

ABF Freight System Inc. appears poised to significantly expand its Memphis presence, but company officials aren’t saying it’s a done deal just yet.

24. Centennial Crossing Parcels Sell for $3.4 Million -

Two parcels in the Centennial Crossing shopping center in Southeast Shelby County have sold for $3.4 million following foreclosure.

An entity called 7915 Winchester Road Holdings LLC, which is an affiliate of CWCapital Asset Management LLC, bought 7915 Winchester Road and an outparcel of the center in a July 25 substitute trustee’s deed from R. Spencer Clift III of Baker, Donelson, Bearman, Caldwell & Berkowitz PC.

25. D. Canale Affiliate Buys Property for Distillery -

301 S. Front St.
Memphis, TN 38103
Sale Amount: $785,000

Sale Date: July 10, 2014
Buyer: Dominick Properties LLC
Seller: 301 South Front Street GP

26. Contractors See Bright Days Ahead -

After slogging their way through the deepest economic slump in more than 60 years, Memphis area contractors say the near future looks much brighter than the dark days of the recession and its immediate aftermath.

27. D. Canale Affiliate Buys Property for Distillery -

An affiliate of D. Canale & Co. has bought the Downtown property where it will develop a spirits distillery and public tasting room.

28. Owner Files Loan on 3 Gas Stations -

After receiving two convenience stores and gas stations in quitclaim deeds, the new owner filed a $2 million loan on those properties and one other.

The entity, N & S LLC, doing business as Hwy 64 BP, filed the deed of trust July 16 through Renasant Bank. Nizar Lalani Sr. signed the deed as member of the borrower, and he is also related to the ownership entities that quitclaimed the properties.

29. Knowledge Tree Buys Cordova Retail Center -

8195 Dexter Road
Memphis, TN 38016
Sale Amount: $1.3 million

Sale Date: July 8, 2014
Buyer: K Tree LLC
Seller: 8195 Dexter Road LLC
Loan Amount: $1.5 million
Loan Date: July 11, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of the Knowledge Tree learning center has paid $1.5 million for the 28,575-square-foot shopping center at 8195 Dexter Road in Cordova.

30. Beale Street Landing Looks Beyond Early Curiosity -

The Riverfront Development Corp. is filling in a calendar of events at the newly opened Beale Street Landing that stretches into the fall and demonstrates the role of programming in holding the larger public’s interest beyond those coming to the landing now out of curiosity.

31. French Fort Plan Calls for $150 Million Development -

What would begin as 67 apartments in the former U.S. Marine Hospital and nurses’ quarters on the northern edge of the French Fort neighborhood would grow in phases to a $150 million development south of E.H. Crump Boulevard, according to a plan unveiled over the weekend.

32. Downtown Stakeholders Talk Office Space, Riverfront -

Office space is moving east in Memphis for now.

But the head of the Downtown Memphis Commission says that doesn’t appear to be a long-term trend.

“I don’t disagree that that’s happened. I disagree that that will continue to happen over the next 20 or 30 years,” Downtown Memphis Commission president Paul Morris said on the WKNO-TV program “Behind the Headlines.” “If you look at it from the longer-term perspective across America, more and more offices are returning to downtown areas.”

33. EdR Finalizes Sale Of Two Properties -

Memphis-based EdR has completed the sale of two properties to separate companies for a combined $29.9 million, the company announced Wednesday, July 16.

The student housing development and management firm said the sale of Pointe West, a 480-bed community built in 2003 that is about two miles from the University of South Carolina, closed on July 1. The sale of The Reserve on South College, a 576-bed community built in 1999 that is about a half-mile from Auburn University, on July 14.

34. Crews Realty Buys Collierville Acreage for $2 Million -

Three vacant parcels totaling about 231 acres at Tenn. 385 and Houston Levee Road in Collierville have sold for a combined $2 million.

A Germantown-based entity called HL385 Investments LLC, an affiliate of Crews Realty, bought the properties in two July 14 special warranty deeds from Jane Isbell Haynes, Barton F. Haynes, Elizabeth F. Haynes Burnett and Mary F. Haynes Gardner.

35. EdR Finalizes Sale of Two Properties -

Memphis-based EdR has completed the sale of two properties to separate companies for a combined $29.9 million, the company announced Wednesday, July 16.

The student housing development and management firm said the sale of Pointe West, a 480-bed community built in 2003 that is about two miles from the University of South Carolina, closed on July 1. The sale of The Reserve on South College, a 576-bed community built in 1999 that is about a half-mile from Auburn University, on July 14.

36. Foreclosures Drop 22 Percent in Second Quarter -

United Housing Inc. has teamed up with Grace-St. Luke’s Episcopal Church to create the first Grace-St. Luke’s GraceBuilders House, which will involve fixing up a foreclosed home for a family in United Housing’s Homebuyer Education program.

37. Citigroup to Pay $7 Billion in Subprime Mortgages Probe -

WASHINGTON (AP) – Citigroup agreed Monday to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives" and contributed to the worst financial crisis in decades.

38. Primacy Parkway Office Building Sells for $7 Million -

6060 Primacy Parkway
Memphis, TN 38119
Sale Amount: $6.9 million

Sale Date: June 27, 2014
Buyer: LSREF2 Newton LLC
Seller: Hub Properties Trust
Details: The 130,593-square-foot office building at 6060 Primacy Parkway in East Memphis has sold for $6.9 million.

39. Primacy Parkway Office Building Sells for $7 Million -

The 130,593-square-foot office building at 6060 Primacy Parkway in East Memphis has sold for $6.9 million.

40. We’re All Invited -

MEMPHIS, SERVED IN THE SHELL. Following up last week’s column, this from a reader:

“We have no civic pride, half the population is intent on killing as many as they can and the other part lives behind walls or gates. There was a time in the fifties when you could leave your front door unlocked and keys in the car.”

41. Pathmark Inks Lease at I-Bank Tower -

A longtime third-party logistics company is on the move.

Pathmark Transportation Co., which was started in 1984 as a subsidiary of petroleum marketing company Pathmark International before becoming a national logistics provider, has signed a new lease for 3,800 square feet at the i-bank Tower on Poplar Avenue in East Memphis.

42. After the Flood -

When the flood water and debris from Nonconnah Creek receded last week from the Wheel Estate Mobile Home Park on East Brooks Road, it exposed a set of familiar issues for such properties in Memphis.

43. Chamber Launches Young Professionals Group -

Before a concert gets underway, musicians will run through a soundcheck that serves as a kind of warm-up to the main event, during which participants can make suggestions for tweaks before the big show and can make sure that everything is done that needs to be.

44. Midtown Apartment Buildings Fetch $1.3 Million -

A pair of 16-unit, garden-style apartment buildings at 1772 Madison Ave. and 1775 Madison Ave. in Midtown have sold for a combined $1.3 million.

45. Square Entertainment -

Everything about the redevelopment of Overton Square followed a script.

But weather, or bad weather for that matter, can wreak havoc on the best-laid plans.

After acquiring Overton Square and spearheading construction and leasing, landlord Loeb Properties wanted to activate the revived entertainment district with programming that would draw people to the revitalized district.

46. Six Poplar View Office Park Buildings Sell for $1.5 Million -

Six buildings in Collierville’s Poplar View Office Park have sold for $1.5 million.

Poplar View Offices LLC, which lists a Collierville address, purchased the buildings in the Class B office park from Pro Memphis LLC in a June 16 warranty deed. In conjunction with the purchase, the buyer filed six trust deeds totaling $1.2 million through Bank of Bartlett.

47. Malone Center Owner Files $4.1 Million Loan -

The owner of the 23.7-acre Malone Distribution Center near the intersection of East Raines Road and Lamar Avenue in Oakhaven has filed a $4.1 million loan on the industrial property.

Cobalt Industrial REIT II filed the deed of trust with absolute assignment of leases and rents, security agreement and fixture filing July 1 through Wells Fargo Bank NA. The deed encompasses parcels at 4366 Malone Road, 4406 Malone and 4436 Malone.

48. Addison at Collierville Owner Files $17 Million Loan -

400 Orchard Circle
Collierville, TN 38017
Loan Amount: $16.8 million

Loan Date: July 1, 2014
Maturity Date: July 1, 2021
Borrower: G&I VII Addison at Collierville LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 226-unit Addison at Collierville apartments at 400 Orchard Circle W. has filed a $16.8 million loan on the property.

49. ‘Significant Headwinds’ -

When Gov. Bill Haslam joined local economic development and civic officials at FedExForum in January to announce that Conduit Global would open a call center in Shelby County that would employ 1,000 people over the next three to five years, it provided a much-needed boost to the local office real estate sector.

50. Poplar Plaza to Undergo Renovation -

The venerable Poplar Plaza shopping center at Poplar Avenue and Highland Street near the University of Memphis is slated to undergo a second facelift.

Finard Properties LLC is expected to soon launch extensive exterior improvements to the massive retail center at Poplar and Highland, starting with a fresh coat of paint.

51. Holmes Shell Station Sells for $900,000 -

The Shell gas station and convenience store at 2205 E. Holmes Road in Whitehaven has sold for $900,000.

52. Problem Solvers -

Rick Smith is director of property management for Finard Properties, the commercial real estate firm that owns and manages properties such as the landmark Poplar Plaza shopping center at Poplar Avenue and Highland Street.

53. Health Choice Selects Abisch to Lead Population Health Services -

Ellen Abisch has joined Health Choice LLC as senior director of population health services. In the newly created position, Abisch will be responsible for designing, implementing and managing population health and wellness programs for the Health Choice network.
Prior to joining the physician hospital organization, she served as manager of benefits and wellness for ServiceMaster.

54. Palazzolo Opens Run for Germantown Mayor -

So far, Germantown Alderman Mike Palazzolo has no opposition in his bid to become the next mayor of Germantown in the Nov. 4 elections.

And his early start campaigning door to door in March and covering about 25 percent of the city so far means he may not in the race to succeed outgoing Mayor Sharon Goldsworthy.

55. Two Centennial Crossing Parcels Face Foreclosure -

The owners of two parcels in the Centennial Crossing shopping center in Southeast Shelby County have defaulted on a loan and are facing foreclosure.

MLC Investors LLC (56.08 percent interest), EJP Investors LLC (38.71 percent) and EK Investors LLC (5.21 percent interest) defaulted on their $5.8 million loan through IXIS Real Estate Capital Inc. dated Nov. 17, 2006, according to a first-run foreclosure notice in the Tuesday, July 1, edition of The Daily News.

56. BuzzFree Mosquito Keeps Properties Free of Pests -

Lisa Thomas was well-aware of how relentless the mosquitoes could be. For several years, her family lived in the Mississippi Delta.

57. Park Progress -

Shelby Farms Park has always seemed, in a way, like Memphis’ 4,500-acre backyard.

Venture to the park on any given day, and what’s liable to greet you is a cross section of Memphis that presents itself amid the park’s rolling hills, pastures, trails and lakes.

58. Nashville's Historic Ryman Auditorium to Expand -

NASHVILLE (AP) – The Ryman Auditorium, the mother church of country music, is getting a new $14 million expansion that will provide more space for tours, food and beverage services and retail.

59. Hollingsworth Buys Mississippi Industrial Property -

The Hollingsworth Cos., which operates a prominent industrial development company with holdings across the South, has acquired an industrial building in Senatobia, Miss.

Clinton, Tenn.-based Hollingsworth recently acquired the 198,450-square-foot building at 795 Shands Bottom Road in Senatobia from BMW.

60. Raymond James Recommits to Downtown -

Raymond James is extending its commitment to Downtown Memphis, where the investment firm will remain a key part of the city’s skyline for at least another decade.

The firm has reached a deal with Parkway Properties to extend its lease on the Raymond James Tower at 50 N. Front St. until March of 2024.

61. New Nonprofit Charts Role in Blight Fight -

The bulldozer went straight for the leasing office of the former Spanish Oaks apartments on Cazassa Road near Memphis International Airport.

Meanwhile another bulldozer across the two-lane road was deep into demolishing a set of buildings in the old Winchester Park apartments.

62. Legacy Farm Owner Files $29.8 Million Loan -

1120 Winchester Road
Collierville, TN 38017
Loan Amount: $29.8 million

Loan Date: June 18, 2014
Maturity Date: July 1, 2021
Borrower: Legacy Farm LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 368-unit Legacy Farm apartment complex at 1120 Winchester Road in Collierville has filed a $29.8 million loan on the property.

63. Kitsinger Continues Downtown Work With The Development Studio -

As an architect and planner, Andy Kitsinger worked on large projects whose scale immediately changed areas, even as they were being built.

And he’s also worked on developments and projects that are smaller – sometimes part of the ripple effect of larger projects, but no less important or influential.

64. Pyro’s Adding Third Memphis Location -

Pyro’s Fire Fresh Pizza will be opening a third Memphis-area location in the next several months.

Pyro’s is leasing 3,200 square feet at 2286 N. Germantown Parkway, which is being developed by Utley Properties.

65. Westbrook Crossing Owner Files $22 Million Loan -

The owner of the Westbrook Crossing apartments at 525 Shea Road in Collierville has filed a $22 million loan on the property.

66. Gestalt Schools Signs Lease in Hickory Hill -

A charter school operator has inked a lease for space on Winchester Road in Hickory Hill.

Gestalt Community Schools has leased 57,000 square feet of space at 5360 Winchester Road inside the Mendenhall Square shopping center.

67. Back on Track -

Two major Downtown projects that suffered setbacks after the real estate market seized up when the recession battered the economy are poised for a comeback.

Real estate experts and Downtown officials say the prospects for the Horizon on the southern end of Downtown and One Beale at Beale Street and Riverside Drive appear promising.

68. Tunica Reels as Competition, Recession Hit Casinos -

TUNICA RESORTS, Miss. (AP) – It was 3:30 p.m. on a Monday in May at Harrah's Tunica Hotel & Casino in northwestern Mississippi.

Gamblers were few in number, and dealers stood ready at idle card tables.

69. Pyro’s Adding Third Memphis Location -

Pyro's Fire Fresh Pizza will be opening a third Memphis-area location in the next several months.

Pyro's is leasing 3,200 square feet at 2286 N. Germantown Parkway, which is being developed by Utley Properties.

70. Aren Investments Buys Winchester Haverty’s -

6870 Winchester Road
Memphis, TN 38115
Sale Amount: $1.1 million

Sale Date: June 2, 2014
Buyer: Aren Investments LLC
Seller: Kirsch Associates LP
Loan Amount: $850,000
Loan Date: June 2, 2014
Maturity Date: Nov. 15, 2015
Lender: BancorpSouth Bank
Details: Local real estate investment firm Aren Investments LLC has paid $1.1 million for the Haverty’s furniture store at 6870 Winchester Road in Hickory Hill.

71. Check, Please: Priceline Buys OpenTable for $2.6 Billion -

NEW YORK (AP) – Priceline has negotiated a $2.6 billion entree into the restaurant business.

The global travel booking king announced Friday it is acquiring the OpenTable Inc. in a deal that would put Priceline into a new business doing for restaurant reservations much what it does for hotel bookings.

72. Aren Investments Buys Winchester Haverty’s -

Local real estate investment firm Aren Investments LLC has paid $1.1 million for the Haverty’s furniture store at 6870 Winchester Road in Hickory Hill.

73. Renovation, Expansion Underway at Saddle Creek -

The Shops at Saddle Creek has picked up a new tenant as the lifestyle center undergoes a renovation.

Marmi Shoes has leased 1,395 square feet between Vera Bradley and Madewell at Saddle Creek. St. Louis-based Marmi Shoes offers a wide variety of women’s shoe styles and sizes with a European influence. The Saddle Creek location, the first in the Memphis area and the second in Tennessee, is expected to open in the fall.

74. Graceland Hotel Passes Crucial Hurdle -

A new hotel near Graceland has passed a key regulatory hurdle.

The Memphis-Shelby County Land Use Control Board approved a proposal from Elvis Presley Enterprises to build a 450-room hotel on the same side of Elvis Presley Boulevard as the historic Graceland mansion, one of the city’s top tourism sites.

75. Babalu Tacos & Tapas Adds to Square -

In the 1970s, Bill Latham worked as a waiter in Jackson, Miss., at the TGI Fridays restaurant there, one of the first few locations of the chain.

76. Time Warner Completes Time Inc. Spinoff -

Time Warner Inc. said Monday that it completed the spinoff of magazine publisher Time Inc. into a separate, publicly traded company, as it focuses on its other media properties.

77. Shops of Wolflake Sells for $3.8 Million -

2965 N. Germantown Road
Bartlett, TN 38133
Sale Amount: $3.8 million

Sale Date: May 20, 2014
Buyer: Bartlett Interests LLC
Seller: Pref Wolflake Partners GP
Details: The Shops of Wolflake retail strip center at 2965 N. Germantown Road in Bartlett has sold for $3.8 million.

78. Collierville Warehouse Sells for $1.3 Million -

Foundation Properties LLC has paid $1.3 million for the 124,940-square-foot industrial property at 141 Eastley St. in Collierville.

79. Untapped Proved Passion for History -

Once the last of the food trucks departed, the tables and chairs were packed away, the beer garden cleared out and supporters exited through the courtyard archway a final time, the Tennessee Brewery returned to what it’s been for decades.

80. ‘Alive and Well’ -

The diverse crowd that typically gathers for South Main Historic Arts District Trolley Night – from hipsters in skinny jeans to residents who enjoy the monthly celebration of their neighborhood to others drawn to see what the fuss is all about – featured several hundred ghastly additions in May.

81. Poplar Avenue Portfolio Sells After Foreclosure -

The three commercial real estate parcels that compose the Shops of Chickasaw Gardens along Poplar Avenue have sold for a combined $3.8 million following a foreclosure.

The mixed-use portfolio sold in a May 30 substitute trustee’s deed with 3181 Poplar Avenue Holdings LLC – an affiliate of special servicer CWCapital Asset Management – buying the properties from substitute trustee Robert F. Tom of Baker, Donelson, Bearman, Caldwell & Berkowitz PC.

82. Perkins Hotel Sells After Foreclosure -

2700 S. Perkins Road
Memphis, TN 38118
Sale Amount: $2.2 million

Sale Date: May 23, 2014
Buyer: HC Memphis LLC
Seller: Douglas M. Alrutz, successor trustee
Details: The Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has sold for $2.2 million following a first-run foreclosure notice filed earlier this year.

83. Reaching People -

The crowds that each week turn out for Thursdays Squared, the new entertainment event in Overton Square’s Tower Courtyard, are a testament to interest in the square and to its resurgence as an entertainment hotspot.

84. Titan Medical Buys Bartlett Warehouse -

An affiliate of Titan Medical Manufacturing LLC has paid $2.2 million for the 50,635-square-foot warehouse at 7580 Bartlett Corporate Drive in Bartlett.

85. Towering Progress -

The shell of the newest addition to the East Memphis office skyline is complete, setting the stage for exterior work on International Paper’s new building to begin.

“The structure has been built and now they’re starting from the ground up putting the skin on the building,” said Matthew Marzolf, director of development for Highwoods Properties Inc. in Memphis.

86. Peppertree Apartments Owner Files $3 Million Loan -

The owner of the 306-unit Peppertree Apartments at 4243 Graceland Drive in Whitehaven has filed a $3.2 million loan on the property.

87. Dykes Joins Family Safety Center as Controller -

Janet Dykes has joined the Family Safety Center, Memphis and Shelby County’s center for victims of domestic violence, as controller. In her new role, she is responsible for all finance, accounting and human resources functions, in addition to providing leadership and coordination in the organization’s administrative, business planning, accounting and budgeting efforts.

88. West Clinic Portfolio Sells for $12.1 Million -

Core Real Estate Capital has completed the sale of three West Clinic Cancer Centers to 2014 Acquisitions 11 LLC, an affiliate of Net Lease Capital Advisors.

Net Lease Capital Advisors, a national real estate investment company based in Nashua, N.H., purchased the portfolio of three single-tenant medical facilities for approximately $12.1 million from Core Real Estate Capital, which acquired the properties in 2011. The deal closed Tuesday, May 20.

89. ABF Freight Wins PILOT for Memphis Expansion -

ABF Freight System Inc. has received a tax break for the proposed expansion of its Memphis facility.

90. West Clinic’s Midtown Locale Sells for $5.3 Million -

West Clinic’s cancer center at 1580 Union Ave. in Midtown has sold for $5.3 million, one of three centers in the area that sold recently.

91. Shelby Farms Files $25 Million Permit for Lake Expansion -

500 Pine Lake
Memphis, TN 38134
Permit Cost: $25 million

Project Cost: $52 million
Permit Date: Applied May 2014
Completion: June 2016
Owner: Shelby Farms Park Conservancy
Tenant: Shelby Farms Park Conservancy
Architect: james corner field operations
Contractor: Montgomery Martin Contractors LLC
Details: The Shelby Farms Park Conservancy has filed a $25 million permit with the city-county Office of Construction Code Enforcement to expand Patriot Lake.

92. West Clinic Portfolio Sells for $12.1 Million -

Core Real Estate Capital has completed the sale of three West Clinic Cancer Centers to 2014 Acquisitions 11 LLC, an affiliate of Net Lease Capital Advisors.

Net Lease Capital Advisors, a national real estate investment company based in Nashua, N.H., purchased the portfolio of three single-tenant medical facilities for approximately $12.1 million from Core Real Estate Capital, which acquired the properties in 2011. The deal closed Tuesday, May 20.

93. Fieldstone Apartments Pays $1.8 Million for Land -

Fieldstone Apartments III LLC – an affiliate of Michael Lightman Realty Co. – has paid $1.8 million for land near its Southeast Memphis property.

94. Kyocera Inks ProLogis Park Lease Renewal -

ProLogis has landed a major renewal at one of its industrial parks.

Kyocera Document Solutions America Inc., which manufactures and markets network-ready digital copiers and printers, laser printers, color copiers and printers, digital laser facsimiles and multifunctional, wide-format imaging products, has renewed its lease for 300,000 square feet at 5510 Getwell Road in Memphis.

95. Out With the Old -

A small group of people gathered last week in the front room of a new Southwest Memphis housing development for senior citizens.

The scene marked the ending of one era in public housing and the start of another as the doors opened to the newest facility in the nearly 20-year makeover of public housing.

96. US Home Sales Rose 1.3 Percent in April -

WASHINGTON (AP) – Sales of existing U.S. homes rebounded slightly in April, but the pace of buying remained below last year's level.

The National Association of Realtors said Thursday that sales rose 1.3 percent from March to a seasonally adjusted annual rate of 4.65 million. Purchases of homes over the past 12 months have dropped 6.8 percent.

97. West Clinic Portfolio Sells for $12.1 Million -

Core Real Estate Capital has completed the sale of three West Clinic Cancer Centers to 2014 Acquisitions 11 LLC, an affiliate of Net Lease Capital Advisors.

Net Lease Capital Advisors, a national real estate investment company based in Nashua, N.H., purchased the portfolio of three single-tenant medical facilities for approximately $12.1 million from Core Real Estate Capital, which acquired the properties in 2011. The deal closed Tuesday, May 20.

98. ABF Freight Receives PILOT for Possible Expansion -

ABF Freight System Inc. has received a tax break for the proposed expansion of its Memphis facility.

99. Airport Artists -

Several years ago Richard White, vice president of properties and business development at the Memphis-Shelby County Airport Authority, noticed what he thought was a troubling trend.

100. Housing Debt Still Traps 10 Million Americans -

WASHINGTON (AP) – Nearly 10 million Americans remain financially trapped by homes worth less than their mortgage debts – an enduring drag on the U.S. economy almost seven years after the housing bust triggered the Great Recession.