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Editorial Results (free)

1. Real Estate Rally -

Commercial real estate can offer insight into the strength of the local economy. Through the office, retail, industrial and apartment developments that mark the region the economy at work in the real world can be seen.

2. ‘State of Black Memphis’ Forum Urges Action -

Each year, the Urban League releases a national report that puts the “state of Black America” in the form of statistics on health care, education, economic power and similar factors.

This year, the Memphis Urban League Young Professionals used the report’s release to start a discussion billed as the “state of Black Memphis.”

3. Experts to Provide Commercial Real Estate Outlook at Seminar -

Yes, Overton Square is booming, but that may not have been the case without Memphis-based Loeb Properties Inc.

4. Acura of Memphis Owner Buys Dealership, Land -

2611 Ridgeway Road, 6055-6085 Acura Cove
Memphis, TN 38119
Sale Amount: $12.4 million

5. Developers Seek Permit for The Annex Lofts -

Developers are preparing to move forward with The Annex Lofts project Downtown.

Vince Smith Jr., who is teaming up with Robert Mallory, applied for a $1.6 million building permit through the city-county Office of Construction Code Enforcement to begin converting the 38,776-square-foot space at 345 S. Front St. into 23 apartments. The Annex Lofts will also include an interior courtyard and basement parking.

6. Developers Seek Permit for The Annex Lofts -

Developers are preparing to move forward with The Annex Lofts project Downtown.

Vince Smith Jr., who is teaming up with Robert Mallory, applied for a $1.6 million building permit through the city-county Office of Construction Code Enforcement to begin converting the 38,776-square-foot space at 345 S. Front St. into 23 apartments. The Annex Lofts will also include an interior courtyard and basement parking.

7. Central Centennial -

Central Station is 100 years old, an age that most train stations never reach. And if they do, they get there with some really harrowing years in mid-life.

The landmark at South Main Street and G.E. Patterson Drive marked its centennial this month with hundreds of people taking a look around the now recovered and renovated station as well as Amtrak trains and Canadian National railroad locomotives on the tracks that run by the station.

8. McNeill Seeks Permits for Germantown Medical Offices -

1432 Kimbrough Road and 1468 Kimbrough Road
Germantown, TN 38138
Project Cost: $2.6 million

9. McNeill Seeks Permits for Germantown Office Park -

A developer planning a mixed use development in Germantown has applied for two building permits for a medical office center.

McNeill Commercial Real Estate, operating as Wolf River Kimbrough Partnership, applied through the city-county Office of Construction Code Enforcement for two building permits totaling $2.4 million.

10. McNeill Seeks Permits for Germantown Office Park -

A developer planning a mixed use development in Germantown has applied for two building permits for a medical office center.

McNeill Commercial Real Estate, operating as Wolf River Kimbrough Partnership, applied through the city-county Office of Construction Code Enforcement for two building permits totaling $2.4 million.

11. Events -

Volunteer Mid-South will hold a volunteer expo Tuesday, Sept. 23, from 3 p.m. to 6 p.m. at Oak Court Mall, 4465 Poplar Ave. Dozens of Mid-South nonprofits will on hand to discuss programs and volunteer opportunities. Visit volunteermidsouth.org.

12. Events -

Volunteer Mid-South will hold a volunteer expo Tuesday, Sept. 23, from 3 p.m. to 6 p.m. at Oak Court Mall, 4465 Poplar Ave. Dozens of Mid-South nonprofits will on hand to discuss programs and volunteer opportunities. Visit volunteermidsouth.org.

13. Legacy Building -

2014 is shaping up to be a banner year for Legacy Wealth Management, an independent financial planning and portfolio management firm that’s moved into a prominent new space, continued staffing up over the last several months and is preparing to launch a seminar series.

14. FedEx Decides Not to Renew a Renaissance Center Lease -

FedEx has decided not to renew a lease at a prominent East Memphis office building.

FedEx Services is not renewing a roughly 11,000-square-foot lease at the 189,644-square-foot Renaissance Center office building at 1715 Aaron Brenner Drive that expires Oct. 1. Employees affected by the decision will be moved to FedEx facilities, part of a broader consolidation and efficiency plan the company has been pursuing.

15. 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.

16. Roast of the Town -

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

17. 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.

18. Olive Garden, Red Lobster Sales Continue to Slide -

NEW YORK (AP) – Darden said Friday that sales continued to slide at Olive Garden and Red Lobster, with other costs dragging down its profit by 35 percent in the latest quarter.

The results fell short of Wall Street expectations, and shares were down 2.5 percent in midday trading.

19. Is Hot Market for IPOs Cooling? -

NEW YORK (AP) – A hot market for initial public offerings may soon face a cooler reception from investors.

IPOs are having their best start to a year since 2000. Eighty-nine companies have raised $19 billion through sales of new stock so far in 2014. But demand for more offerings depends largely on the health of the broader market, and after last week's sell-off, the clamor from buyers may quiet down.

20. Potter Upholds Ashlar Hall Transfer -

Environmental Court Judge Larry Potter, reversing a previous decision, upheld a 2013 transfer of Ashlar Hall from Robert “Prince Mongo” Hodges to an acquaintance who wants to turn the stately but decaying property into a home for military veterans.

21. Ellis Joins State Systems As Sales Executive -

Alisa Ellis has joined State Systems Inc. as a low voltage sales executive. She brings 16 years of telecommunications experience to the company, which offers protection products and services, including fire protection equipment, training and cleaning services, as well as technology services such as network integration, cabling systems and wireless support.

22. Legacy Wealth Management Grows Staff, Relocates -

Legacy Wealth Management is starting 2014 with a handful of new faces and a move to a new office soon.

New additions to the ranks at Legacy include Brent Westbrook, who’s joined the firm as managing director of business development and client service. He came to Legacy from Argent Financial Group and will be working to introduce Legacy’s services to individuals, families and business-sponsored retirement plans.

23. Office Occupancy Ends 2013 on High Note -

An unusually strong fourth quarter helped push the overall Memphis office market occupancy rate into positive territory for 2013, according to year-end commercial real estate market reports.

The Memphis market recorded absorption of 225,338 square feet in the fourth quarter – the largest positive absorption the market has experienced during any quarter in more than 10 years – to end the year with positive net absorption of 40,558 square feet, according to CB Richard Ellis Memphis.

24. New Housing Option Comes to Victorian Village -

Florence Hervery had been thinking about the next phase of her life for some time.

The 55-year-old Whitehaven resident had been mulling over a move Downtown, but she wanted a home, not a condominium or apartment, and was hesitant to move into the bustling Downtown core.

25. Banner Year for East Memphis Office Space -

The Memphis office real estate market began showing signs of life in 2013, with the market for Class A office space in the East Memphis submarket fueling the resurgence.

While the city’s overall office market numbers may not appear very strong, the city’s most desired office submarket – East Memphis around Poplar Avenue and Interstate 240 – began showing strong signs of improvement in the second half of the year.

26. Methodist Pays $22.5 Million for Germantown Facility -

7945 Wolf River Blvd.
Germantown, TN 38138
Sale Amount: $22.5 million

27. Meadows Appointed to State Dentistry Board -

Dr. Dan T. Meadows has been appointed to the Tennessee Board of Dentistry by Gov. Bill Haslam. Meadows, who has a private practice on Walnut Grove Road, will serve as the Rotating Dentist member through June 2016.

28. Leases Push Renaissance Center Near Capacity -

The Renaissance Center office building in East Memphis should be near capacity early next year, following a series of recent lease signings.

Financial Federal signed a lease on Tuesday, Nov. 20, to occupy 27,000 square feet on the first and second floors of the Renaissance Center, 1715 Aaron Brenner Drive. In addition to the new location, the growing financial firm will have signage atop the East Memphis office building along Poplar Avenue east of Interstate 240.

29. Webb Builds on Reputation of Integrity, Efficiency -

Long before the county and city would cleave their school systems, Shelby County Schools saw unprecedented growth as more and more residents filled the neighborhoods that seemed to appear overnight like springtime daffodils.

30. Divine Inspiration Helps Guide Renaissance’s Allen -

Brandon Allen, an architect with Renaissance Group, was raised with a pencil and paper in hand, and the blueprint for how to put them to use in a career.

31. Small-Business Loan Workshop Set for Sept. 9 -

Sue Malone, the founder of San Francisco-based group Strategies for Small Businesses, will facilitate a small-business loan workshop in Memphis Sept. 9.

32. Small-Business Loan Workshop Scheduled for Sept. 9 -

Sue Malone, the founder of San Francisco-based group Strategies for Small Businesses, will facilitate a small-business loan workshop in Memphis Sept. 9.

33. Building Permit Filed for Volvo of Memphis -

7910 Trinity Road
Cordova, TN 38018
Permit Cost: $2.3 million

Project Cost: $3.5 million
Permit Date: Applied August 2013
Completion: Summer 2014
Owner: Wenco Properties LLC
Tenant: Volvo of Memphis
Architect: Fleming Associates Architects PC
Contractor: Grinder, Taber & Grinder
Details: The ownership group of Volvo of Memphis has filed a $2.3 million building permit for the company’s new dealership at 7910 Trinity Road in Cordova.

34. Fisher Named Director Of Economic Development -

Gwyn Fisher has been named the greater Memphis regional director of economic and community development by the Tennessee Department of Economic and Community Development. In her new role, Fisher will work with companies, municipalities and stakeholders in Shelby, Fayette, Tipton and Lauderdale counties to create jobs, attract new businesses and expand existing businesses.

35. Cresthaven Medical Building Sells for $2.5 Million -

1068 Cresthaven Road Memphis, TN 38119

Sale Amount: $2.5 million

Sale Date: May 2, 2013

36. Renaissance Group Files Loan on Lakeland Office -

Architecture and engineering firm Renaissance Group has filed a $1.7 million loan on its headquarters at 9700 Village Circle in Lakeland.

37. Germantown Fire House Gets LEED Gold Award -

The new Germantown Fire House 4 at 30301 Forest Hill-Irene Road, designed by Renaissance Group architects, has earned the status of being the first LEED Gold building for the city of Germantown and the first LEED Gold municipal facility in West Tennessee.

38. New Germantown Fire House Gets LEED Gold Award -

The new Germantown Fire House 4 at 30301 Forest Hill-Irene Road, designed by Renaissance Group architects, has earned the status of being the first LEED Gold building for the city of Germantown and the first LEED Gold municipal facility in West Tennessee.

39. Kroc Center Opens to Big Crowds -

To cap off Healthy Heart Month, the new 100,000-square-foot Kroc Center held its open house and ribbon-cutting ceremony last weekend.

The state-of-the-art Salvation Army Ray and Joan Kroc Corps Community Center has welcomed more than 10,000 visitors in its first few days.

40. Filling the Voids -

Last year was a banner year for adaptive reuse projects in Midtown and Downtown.

Developers announced plans for the Sears Crosstown building, Overton Square, Hotel Chisca, James Lee House and old United Warehouse in the South Main Historic Arts District. Construction began on The Pyramid, turning it into a 220,000-square-foot mega-Bass Pro Shop Outdoor World, and Memphis in May moved into its new headquarters at 56 S. Front St., a 14,600-square-foot building that’s on the National Register of Historic Places.

41. Events -

Memphis Center City Revenue Finance Corp. will meet Tuesday, Nov. 13, at 9 a.m. in the board’s office in The Crump Building, 114 N. Main St. Visit downtownmemphiscommission.com.

42. Ciaramitaro Joins Grace-St. Luke’s as School Counselor -

Licensed clinical social worker Courtney Ciaramitaro has joined Grace-St. Luke’s Episcopal School as school counselor. She will work primarily with middle school students.

Hometown: Memphis

43. Midtown Utopia -

Of Memphis’ tales of humble beginnings, of which there are many, the fluctuating renaissance of the Cooper-Young neighborhood is certainly compelling throughout.

The area has cycled from its 19th century roots to 1970s crime and neglect to its present-day status as one of the largest historic districts in the Southeast, a magnet of all ages and walks of life. All thanks to individuals and organizations that wouldn’t settle for sub-par quality in their tiny town within the bustling Bluff City.

44. Events -

Tennessee Shakespeare Co. will present “The Complete Works of William Shakespeare (abridged)” Thursday, Sept. 20, to Sunday, Oct 7, at Poplar Pike Playhouse, 7653 Old Poplar Pike. Visit tnshakespeare.org.

45. Events -

Memphis Bioworks Business Association, the U.S. Small Business Administration and The University of Tennessee Institute for Public Service will host Memphis Bioworks SBA Fast Conference: Growing Your Bioscience Business Wednesday, Sept. 19, and Thursday, Sept. 20, at the MBBA conference center, 20 S. Dudley St., first floor. Visit bioworksbusiness.com.

46. Vance Collaborative to Unveil Plan -

When the Vance Avenue Collaborative unveils its five-year, six-project plan Thursday, Sept. 13, for revitalizing the area south of FedExForum there will be some differences from what Memphis Mayor A C Wharton Jr.’s administration has been thinking.

47. Events -

The Black Business Association of Memphis will hold a small-business loan workshop Monday, Sept. 10, at 5:30 p.m. at Renaissance Business Center, 555 Beale St. Cost is free, and pre-registration is not required. Visit bbamemphis.com or call 526-9300.

48. Project Copilots -

A pair of local firms has partnered to design the $25 million expansion of the FedEx Air Operations Training Center that’s under way at 3851 Airways Blvd. – a project that will double the size of the Memphis simulator training facility.

49. Magna Bank Taps Stewart To Lead SBA Division -

Tom Stewart has been named senior vice president and manager of the small business administration division at Magna Bank. Since joining Magna in March, Stewart has led the bank in obtaining national preferred lending provider status. In his new role, Stewart will oversee all business development activities for the Mid-South along with portfolio management and loan servicing.

50. New Owner For Bartlett Car Wash Property -

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

51. Office Opportunities -

Memphis’ office real estate landscape is changing, and for three firms, those changes are creating opportunities.

Orlando, Fla.-based Parkway Properties Inc. in March completed the sale of its interest in Renaissance Center – a 190,000-square-foot office building at 1715 Aaron Brenner Drive in the Poplar Avenue corridor – to partner Parkway Properties Office Fund LP.

52. Parkway Completes Sale of Renaissance Center -

Parkway Properties Inc. has completed the sale of its interest in Renaissance Center – a 190,000-square-foot, Class A office building at 1715 Aaron Brenner Drive in the Poplar Avenue corridor – to partner Parkway Properties Office Fund LP.

53. Former Mazda Warehouse Sells for $13.5M -

The former Mazda North America Inc. distribution center in DeSoto County has been acquired by Hillwood Investment Properties for $13.5 million.

54. Grinding it Out -

After most recessions, real estate bounces back.

But the Great Recession has been notably different – long, deep and very prolonged.

That’s the message Dr. John Gnuschke, director of the Sparks Bureau of Business and Economic Research and co-director of the Center for Real Estate at the University of Memphis, delivered in December at the Urban Land Institute’s Real Estate Outlook for the Mid-South.

55. Parkway Sells Most of Local CRE Portfolio -

Parkway Properties Inc. has sold the majority of its Memphis portfolio, totaling 672,247 square feet, to Hertz Investment Group LLC.

56. Parkway Sells Majority of Memphis Portfolio -

Parkway Properties Inc. has sold the majority of its Memphis portfolio, totaling 672,247 square feet, to Hertz Investment Group LLC.

The news is part of Parkway’s contract to sell a portfolio of 15 non-core assets spanning 1.9 million square feet in Memphis, Jackson, Miss., and Richmond, Va., for a gross sale price of $147.5 million. Parkway announced the disposition of Falls Building, Forum I, II & III, and Toyota Center in the same Thursday, Jan. 5, statement that announced the date of its fourth quarter 2011 earnings release and conference call.

57. IPO Market, an Engine of Job Growth, Stalls -

NEW YORK (AP) — Two companies with quirky names, Ubiquiti Networks and Zeltiq Aesthetics, made their public debuts earlier this month with listings on the Nasdaq Stock Market. Each company's stock went up modestly on the first day of trading.

58. Germantown Station Closer to Construction -

750 N. Germantown Parkway
Cordova, TN 38018
Loan Amount: $2.6 million

59. Permit, Construction Loan Filed for Germantown Station -

Germantown Station retail center, slated to be built at 750 N. Germantown Parkway in Cordova, is a couple of steps closer to reality.

60. Business Diversification -

The engineering and architectural firms that have weathered the storm over the last four years all seem to have one common thread – diversification.

The goal is to make the clients’ experiences as efficient as possible by offering both architectural and engineering services under one roof is proving more and more to be the model.

61. Martino’s Faith at Center Of Successful Design Career -

Angelo Martino, head of the interior design department at Lakeland-based Renaissance Group, has been in the business almost 50 years. But what others may call the result of many years of practice, Martino calls a “gift from God.”

62. IDB to Weigh Dalphis Move -

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

63. IDB to Weigh Dalphis Move -

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

64. IDB to Weigh Dalphis Move -

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

65. Skyline Grows Local Footprint on Vantech Dr. -

Skyline Exhibits MidSouth is expanding its presence at East Pointe Business Center.

The St. Paul, Minn.-based tradeshow exhibits company renewed its 9,958-square-foot lease at 3895 Vantech Drive, Suite 9, and expanded into an additional 3,524 square feet. The additional space will enable Skyline to assemble and store exhibits for clients.

66. IRIS Rides Momentum into Holidays -

Halfway into its 10th anniversary concert season, IRIS Orchestra is still riding a wave of excitement generated by soloists Yo-Yo Ma and Yefim Bronfman in its first two concerts.

The Dec. 4 concert of Mozart, Magi and American Folk featuring violin soloist Augustin Hadelich promises much of the ingenuity and musical daring that has come to be IRIS’ niche. The concert starts at 8 p.m. at the Germantown Performing Arts Centre.

67. Crosstown Arts Looks to Take City to Next Creative Level -

As an arts community, Memphis is world-renowned. The city’s rich, bluesy culture is inextricably tied to its deep traditions in the visual and performing arts.

A newly formed nonprofit is working to take the city one step further – to establish Memphis not only as a strong arts community, but as a strong artists’ community.

68. CBRE Lands Leasing Contract With Parkway -

The Memphis office of CB Richard Ellis Inc. will handle marketing and leasing services for Parkway Realty Service’s Memphis office building portfolio, the company announced this week.

69. Conference Offers Tips on Benefit Cost Management -

The upcoming annual conference of the Memphis Business Group on Health offers employers insights into controlling benefit costs from experts on the subject.

Art Dickerson, a senior partner with the global human resources company Mercer, will give the keynote address at the Sept. 9 conference from 7:30 a.m. to 4 p.m. at the Holiday Inn-University of Memphis. The theme is “The Elephant in the Room: Healthcare Benefit Cost Management Tools and Solutions.”

70. Fulbright-Dent Joins First Tennessee Team -

Moya Fulbright-Dent has been named to the First Tennessee Bank private client team.

Hometown: Hot Springs, Ark.
Education: B.S. in finance, University of Memphis; MBA, Union University
Work Experience: Eight years at American Express Financial Advisors; six and a half years in banking, five at First Tennessee
Family: Husband and college sweetheart, Daniel; and two-year-old son, Colin.
Favorite quote: “Hope is the thing with feathers that perches in the soul – and sings the tunes without the words – and never stops at all.” – Emily Dickinson
Who has had the greatest influence on you? The two people who have influenced me most are my mother and my first boss, Harish Vishria. By example, my mom instilled a work ethic, mental toughness and positive attitude that has gotten me through every experience in my life. (Vishria) taught me the difference between a dream and a goal and gave me the ability to teach others how to achieve their dreams by setting goals.
Why did you pursue a career in financial services? As a child, I saw firsthand the difference asset management can make in not only one person’s life but that of a whole multigenerational family. When I was about 10 years old, two older family members passed away. I learned at that early age how difficult it can be to struggle with the emotional and financial challenges that can come with a loss in a family. I saw then how important it is to be prepared for life’s uncertainties so that one can make the right choices.
What do you consider your greatest professional accomplishments? I consider the everyday difference I am able to make in my clients’ lives my greatest accomplishment.
What do you most enjoy about your work? Each person’s financial situation is different. When I chose to major in business instead of art or literature, I thought I was giving up the chance to use my creativity. I have found that developing a plan for an individual, a family, or a business takes just as much creativity as writing a novel or painting a picture.

71. Events -

Methodist Le Bonheur Germantown Hospital’s Stroke Support Group will meet today at 4 p.m. in Suite 250 of Medical Office Building A on the its campus, 7655 Poplar Ave. For more information, call Angela Riggins at 516-6929.

72. Search Under Way For Center City Head -

A search committee of Center City Commission officials will meet next month to talk about the first step in finding a replacement for the Downtown agency’s departing president.

Jeff Sanford – who has been with the CCC for about 12 years – is hanging up his hat July 1. After he steps down, Sanford plans to establish a consulting practice that focuses on city building.

73. Germantown Plans ‘Green’ Fire Station -

This is not your grandmother’s fire station.

The City of Germantown’s planned replacement for fire station No. 4, just south of Poplar Avenue off Forest Hill-Irene Road, will be a step into the future for the Germantown Fire Department.

74. Attorney General Sues Employment Agency Owner -

The Tennessee attorney general’s office has filed a lawsuit against a West Tennessee woman who operated employment agencies in Memphis.

Attorney General Bob Cooper filed suit on behalf of the Division of Consumer Affairs against Linda McCluskey.

75. Events -

The Tennessee Department of Revenue will hold its next free bimonthly new business workshop today from 9 a.m. to noon at the Renaissance Business Center, 555 Beale St. The workshop will be held in the Memphis Training Room. To register, call 213-1400 or visit www.tn.gov/revenue.

76. Events -

Talk Shoppe will present “Financial Solutions for Business Owners” today from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. For more information, call Jo Garner at 482-0354.

77. Events -

The Memphis Rotary Club will meet today at noon at the University Club of Memphis, 1346 Central Ave. Memphis Flyer senior editor Michael Finger will speak. Lunch is $18 per person and reservations are required. For reservations, e-mail Taylor Hughes at taylor@memphisrotary.org.

78. Economies of Scale -

The dynamics of a bleak economy render a simple equation when applied to the architecture and design industry.

If financing is tight, then fewer construction projects are started. If fewer construction projects are started, then the need for architectural firms to create blueprints and design buildings also diminishes. And if there’s a decreased need for architectural firms, then some companies are forced to cut staff and many more to implement hiring freezes.

79. Church Files Loan For $1.3M Expansion -

Providence Baptist Church of Bartlett on Aug. 10 filed a $1.3 million loan through First Tennessee Bank NA to help bring a Family Life Center to its 13-acre property at 4351 N. Germantown Road in Arlington.

80. Construction Specifications Institute Elects Davidson President of Memphis Chapter -

Pam Davidson has been elected president of the Memphis chapter of the Construction Specifications Institute. Davidson will serve as the third female president in the organization’s 50-year history.

81. Work to Begin Soon On U of M’s ‘Penny’ Hall of Fame -

570 Normal St.
Memphis, TN 38152
Permit Amount: $2.9 Million

Project Cost: $2.9 million
Permit Date: Applied April 2009
Completion: Summer 2010
Owner: University of Memphis Foundation
Tenant: University of Memphis
Contractor: Patton & Taylor Enterprises LLC
Architect: Evans Taylor Foster Childress Architects

82. Diamond Cos. Files Expansion Permit -

About two months after buying the former Chuck Hutton Toyota dealership at 1710 E. Brooks Road, Diamond Cos. has filed its application permit with the city-county Office of Construction Code Enforcement to renovate the property.

83. Diamond Int’l To Expand -

Change is coming to the northeast corner of East Brooks and Millbranch roads in Whitehaven, where Diamond International Trucks Inc. will double its size by taking over the former Chuck Hutton Toyota dealership.

84. Riviana Foods Files $3M Building Permit -

2372 Prospect St.
Memphis, TN 38106
Permit Cost: $3 million

Project Cost: n/a
Permit Date: Applied February 2009
Owner: Riviana Foods
Tenant: Riviana Foods
Contractor: Linkous Construction Co. Inc.

85. Highland Files $7.2M Permit for Church -

Highland Church of Christ – formerly Highland Street Church of Christ – has filed a $7.2 million permit application with the city-county Office of Construction Code Enforcement to build a 67,000-square-foot, multibuilding church campus at 400 S. Houston Levee Road, northeast of the Walnut Grove Road and Houston Levee intersection.

86. Highland Street Church of Christ Files Loan for New Campus -

40 acres off Houston Levee Road
Memphis, TN 38018
Loan Amount: $8.5 Million

Loan Date: Dec. 3, 2008
Maturity Date: Dec. 10, 2010
Borrower: Highland Street Church of Christ of Memphis
Lender: BancorpSouth Bank

87. Highland Church Files $8.5M Construction Loan -

The Highland Street Church of Christ Memphis has filed an $8.5 million construction loan through BancorpSouth Bank to build its multibuilding church campus along Houston Levee Road, northeast of the Walnut Grove Road and Houston Levee intersection.

88. Enterprise Rent-A-Car Building 10,000-Square-Foot Facility -

2424 Appling Road
Memphis, TN 38133
Permit Amount: $2.3 Million

Project Cost: TBA
Permit Date: Applied November 2008
Completion: Summer 2009
Owner: Enterprise Rent-A-Car
Tenant: Enterprise Rent-A-Car
Contractor: Chris Woods Construction Co. Inc.
Architect: Renaissance Group

89. FRS Powersports Building New Motorcycle/ATV Shop -

2175 Whitten Road
Memphis, TN 38133
Loan Amount: $2 Million

Loan Date: Oct. 31, 2008
Maturity Date: Nov. 1, 2009
Borrower: FRS Industries Inc.
Lender: BancorpSouth Bank

90. FRS Powersports To Build New Shop -

FRS Industries Inc., the company that owns and operates FRS Powersports, has filed a $2 million construction loan through BancorpSouth Bank to build an 18,000-square-foot motorcycle and ATV shop at 2175 Whitten Road, just north of the Interstate 40 and Whitten Road interchange.

91. New Binghampton Senior Facility Planned -

Two generations ago, Darrell Cobbins’ grandfather developed one of Memphis’ first black middle-income communities called Lakeview Gardens.

Over the next couple of years, Cobbins, a commercial real estate developer and broker, will bring a 133-unit senior housing facility to Binghampton, and he’ll pay homage to his real estate lineage by calling it Lakeview Estates.

92. Oak Hall Renovation Begins Monday - After lengthy financing delays from a shaky real estate market, the group planning to renovate the old Oak Hall building at 555 S. Perkins Road Extended is finally ready to move forward.

Glen Bascom Jr., Glen Bascom Sr. and Chris Montesi – the trio who comprise the entity 555 Perkins LLC – have secured a $5.2 million construction loan with U.S. Bank NA to overhaul the 54,265-square-foot office building just south of the intersection at Poplar Avenue and Perkins Road Extended.

The renovation financing was orchestrated by Rick Wood, senior vice president for Financial Federal Savings Bank.

Construction on the 1966 property begins Monday, more than four months after the initial building permit was filed, although the partners’ interest in the property goes back much further. The group bought the ground lease of the building for $1.2 million from LaSalle Bank NA in December 2006, and Bascom Sr. had owned the land since the late 1980s.

Bascom Jr. has been champing at the bit to get the project under way, but he understood the hesitance of lenders, in these tight credit times, to front money for a building that’s only 15 percent preleased.

“I think a lot of big players are like that,” Bascom Jr. said. “Nobody wants to finance a spec building – either an apartment building, condo building or office building. They want to have tenants in place, and that was the hard part with us – we want to build it first and then get tenants.”

Looking for warm bodies

Getting tenants is the company’s goal over the next six months during redevelopment of the building, which will be renamed First Capital Center after the anchor tenant.

Germantown-based First Capital Bank will occupy 6,000 square feet on the ground floor with a branch that includes a drive-thru. The bank joins two existing tenants that are remaining in the four-story building, leaving about 45,000 square feet available for lease.

That task is being handled by Joe Steffner, president of the Memphis office of Grubb & Ellis Co. Steffner said he believes the renovated space of a well-known building along Poplar will make it a desirable locale for office users.

“When you compare the price with the amenities and the brand-new space in the building, it will be a relatively easy sell,” he said. “The Poplar corridor is where everyone has wanted to be. Over the past 15 years the market has grown and people have gone to the 385 corridor as kind of the second choice. Over the past several years, the tenants that either couldn’t find space on Poplar or didn’t want to be on Poplar for whatever reason have tended to come back to Poplar.”

Bascom Jr. agreed that the location along the high-density Poplar Avenue corridor should keep the First Capital Center insulated from what has been a generally soft market.

“Of all the deals that we have out there now, it’s a no-brainer,” Bascom Jr. said. “This one’s going to be successful. It’s a lot of money and time involved over the year or two, but it’s the one I feel most comfortable with of all the projects we’ve got going on.”

New and improved

Renaissance Group is architect and Montgomery Martin Contractors LLC is contractor for the project. Chris Ybos of Montgomery Martin said the expected completion date is about six months away.

Once the building is finished by the end of the year, it won’t look anything like the structure that formerly housed an Oak Hall clothing store. Upgrades include new HVAC, new roof, new shell, new windows, plus plenty of parking for tenants.

Steffner said pricing will be lower than other office space nearby because it’s an older building, but it will recapture the feel of a new product.

“It’s hard to take an older building and make it Class A, and yet they’re doing everything possible to make it A,” Steffner said. “It’s hard to argue with the amenities in the building, plus the bank on site. We think it will be an A-minus building with B prices. That will make it competitive.

“It’s exciting because it’s like having a brand-new building to lease on a speculative basis at below-market rates. We’ve never had an opportunity like this before. It will have a new name, but it’s a location everyone knows.”

...

93. Events -

The Memphis Investors Group will meet today at 7 p.m. at the Germantown Athletic Club, 1801 Exeter Road. Mark Klee and Caryn McKinney of postbankruptcyreport.com are the featured speakers. Early-bird sessions will be held at 6 p.m. The event is free to first-time visitors and members, while repeat visitors pay $20. For more information, contact Tammy Green at 414-2729 or mig@memphisinvestors.com.

94. Events -

Talk Shoppe will meet today from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. The topic will be "How to Find the Best Mortgage in this Topsy-Turvy Market" with Jo Garner, a loan officer with First Tennessee Bank. The event is free. For more information, call Garner at 759-7808.

95. Davidson Hotel Co. NamesMcCurdy VP of Operations -      Michael J. McCurdy has been named vice president of operations for Memphis-based Davidson Hotel Co.
     Edward J. Buckley has been named general manager of the Renaissance Chicago North Shor

96. Permits Filed ForOak Hall Building -      The owners of the Oak Hall Building at 555 Perkins Road Extended have filed building permits for a renovation that will give the 42-year-old structure a fresh look.
     Glen Bascom Sr., a pa

97. Archived Article -

2552 Channel Ave.
Memphis, TN 38113
Permit Cost: $1.8 million

Project Cost: $1.7 million

Permit Date: Applied November 2007

98. Expansion in Works For Animal Science Offices -      The American Association for Laboratory Animal Science has applied for a $900,000 building permit to expand its office space at its Crestwyn Hills Drive headquarters.
     The project will c

99. Cathey Development Proposal Hits Speed Bump -

A sprawling mixed-use development being planned for a little more than 88 acres north of the Mississippi state line is slated to go before the Memphis City Council for approval soon.

A green light for the Cathey Crossing Planned Development, which will include 191 single-family residential lots and more than 7 acres of commercial space, could come as early as the council's meeting Tuesday.

100. Events -

The Cordova Leadership Council and the Memphis Area Home Builders Association will host "The Future of Cordova Politics: City Candidates Forum" today at 6 p.m. at the Memphis Area Home Builders Association, 776 N. Germantown Parkway. For additional information, contact Gene Bryan at esbryan@bellsouth.net or 486-9679.