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Editorial Results (free)

1. Ikea Buys Cordova Acreage For Planned Memphis Store -

41 Acres for
Future Ikea Store

Sale Amount: $5.7 million

Sale Date: July 10, 2015

Buyer: IKEA Property Inc.

2. Germantown Eyes Area South of Poplar for Elementary School -

Germantown leaders are looking for land south of Poplar Avenue in Germantown for a new elementary school for the Germantown Municipal School District.

“South of Poplar we want to have a community school, an elementary school,” Germantown Municipal School District superintendent Jason Manuel said on the WKNO TV program “Behind The Headlines.”

3. Ikea Acquires Land for New Cordova Store -

Ikea continues to take steps toward construction of its massive Cordova store.

According to documents filed July 10, IKEA Property Inc. purchased about 41 acres of land from Music City Investments LLC for $5.7 million.

4. Ikea Acquires Land for New Cordova Store -

Ikea continues to take steps toward construction of its massive Cordova store.

According to documents filed July 10, IKEA Property Inc. purchased about 41 acres of land from Music City Investments LLC for $5.7 million.

5. One Beale Nabs 20-Year Tax Freeze -

The developers behind One Beale have earned key pieces of the public-private partnership they say is necessary to pursue the twin tower project overlooking the Mississippi River.

Memphis-based Carlisle Corp. on Tuesday, July 14, received a 20-year payment-in-lieu-of-taxes incentive and a $10 million contribution toward a public parking garage from the Center City Revenue Finance Corp.

6. Methodist Healthcare Buys Office Building From Belz -

5865 Shelby Oaks Circle
Memphis, TN 38134
Sale Amount: $4 million

Sale Date: June 30, 2015
Buyer: Methodist Le Bonheur Healthcare
Seller: Belz Investco GP and Bico Associates GP
Details: Belz Enterprises and a partner have sold a Memphis office building to Methodist Le Bonheur Healthcare for $4 million.

7. Televised Memphis Mayoral Forum Set for September -

There could be a lot of candidates for Memphis Mayor in the Oct. 8 city elections. And much of the attention in the run up to active campaigning has focused on the field’s size.

But as campaigning begins the focus will shift to issues at play in the mayor’s race, from the city’s path to economic growth and the efficiency and fiscal health of city government to the perennial issues of crime and blight.

8. Social Security Office Building Sells for $1.5 Million -

The office building occupied by the Social Security Administration at 3461 U.S. 61 S. in Westwood sold for $1.5 million, according to a special warranty deed filed July 6.

Rainier GSAP I-Memphis, LLC, a Dallas-based limited liability company, purchased the 11,000-square-foot building from Justin Barton.

9. Social Security Office Building Sells for $1.5 Million -

The office building occupied by the Social Security Administration at 3461 U.S. 61 S. in Westwood sold for $1.5 million, according to a special warranty deed filed July 6.

Rainier GSAP I-Memphis, LLC, a Dallas-based limited liability company, purchased the 11,000-square-foot building from Justin Barton.

10. Carlisle Corp. Alters One Beale Plan -

Carlisle Corp. has revised plans for its ambitious, $160 million One Beale development at the foot of Beale Street in Downtown Memphis.

The south tower, which will include a four-star hotel, will now stand 18 stories tall, down from 22 stories as previously planned.

11. Memphis City Council to Vote on Forrest Statue Removal -

[Update: Adds specifics of City Council's proposal on Nathan Bedford Forrest. The council will vote on the Forrest statue removal today.] With the city budget season done, Memphis City Council members turn their attention Tuesday, July 7, to development in the Pinch district, the statue of Nathan Bedford Forrest and redrawing council district lines.

12. Graceland Hotel Developers File $84 Million Construction Loan -

3600 Elvis Presley Blvd.
Memphis, TN 38116
Loan Amount: $84 million

13. Nike Formally Opens $301 Million Frayser Expansion -

Executives of Nike Inc. are in Memphis Friday, June 26, to formally open the $301 million expansion of the sports shoe and apparel giant’s Northridge distribution center at 3100 New Frayser Boulevard.

14. Michigan Investor Pays $7.5 Million for Hickory Hill Apartments -

5995 Waterstone Oak Way
Memphis, TN
Sale Amount: $7.5 million

Sale Date: June 11, 2015
Buyer: RoCo-Lakes LLC
Seller: RRE Waterstone Holdings LLC
Loan Amount: $6.2 million
Loan Date: June 11, 2015
Maturity Date: June 11, 2017
Lender: Keybank NA
Details: RoCo-Lakes LLC, a Michigan limited liability company, purchased two parcels comprising The Lakes at Ridgeway Apartments on June 11.

15. Nike Vendor Files Two Permits Totaling $8.5M -

Elk Grove, Ill.-based Wynright Corp. applied for two building permits – one for $7.2 million and another for $1.3 million – through the city-county Office of Construction Code Enforcement for work on Nike’s $301 million expansion at 3100 New Frayser Blvd. The permit description said the scope of work included “engineering material and installation.”

16. Passion for Architecture Fuels Looney Ricks Kiss' Norcross -

Rob Norcross, a principal at Memphis architecture, planning and design firm Looney Ricks Kiss, has increasingly enmeshed himself into public service, holding positions on several key boards or committees.

17. Dayco Wins Tax Break For Distribution Operations -

Michigan-based manufacturer Dayco Products Ltd. will consolidate its distribution operations in the Memphis area, but exactly where remains undecided.

“Due to the continued growth in demand for our products and increased product complexity over the past several years, we have committed to this significant capital investment in order to deliver increased value to our customers,” said Ed Rammel, president of the North American and Australian Aftermarket for Dayco, in a company statement.

18. Nike Vendor Files Two Permits Totaling $8.5 Million -

Elk Grove, Ill.-based Wynright Corp. applied for two building permits – one for $7.2 million and another for $1.3 million – for work on Nike’s $301 million expansion at 3100 New Frayser Blvd.

19. Del-Nat Sells Warehouse, Newby’s Makes A Comeback -

Del-Nat Tire Co. has unloaded a 500,000-square-foot warehouse in Southwest Memphis.

Sunhill Holdings LLC acquired the warehouse at 2365 Texas Drive for $6 million from Del-Nat Realty.

20. Carlisle Corp. Gets Tentative OK on One Beale Plan -

Developers got a tentative green light to move forward with the ambitious One Beale project, convincing regulators that the twin skyscraper development would be a game-changer for the Memphis skyline.

21. County Commission Refuses Payday Loan Exception -

Shelby County Commissioners decided Monday, June 1, to take no vote on an application that would have allowed a payday loan business to remain open in the Cordova shopping center where it has been for a year and a half.

22. Wolf River Greenway Planning Pushes Route Further North -

Now that you know the Greenline, here comes the Greenway.

After almost a year of behind-the-scenes planning, coordination and fundraising, the Wolf River Conservancy is about to go public with plans to add another 18 miles to the existing 2.6 miles of the Wolf River Greenway in Shelby County.

23. County Commission Refuses Payday Loan Exception -

Shelby County Commissioners decided Monday, June 1, to take no vote on an application that would have allowed a payday loan business to remain open in the Cordova shopping center where it has been for a year and a half.

24. Commission Begins to Wind Down Budget Season -

Shelby County Commissioners take the first of three votes Monday, June 1, on a county property tax rate for the new fiscal year, and the discussion could begin to tie up the loose ends remaining in the county’s budget season.

25. Homebuilders Enjoying Steady Start to 2015 -

The Shelby County homebuilding industry surged ahead in April with builders pulling more permits and selling more new homes at higher prices, a positive start to the peak building season.

Builders filed 84 permits in April, a 10.5 jump over the 76 permits filed in April 2014 and a 47.3 percent jump from the 57 permits filed in March of this year, according to real estate information company Chandler Reports, www.chandlerreports.com.

26. Oak Park Apartments Demolition Latest in Blight Campaign -

The group of Memphis leaders and Glenview-area homeowners standing in a parking lot last week surrounded by the shells of two two-story apartment buildings and the charred foundation of a third paused for a moment.

27. Harris Pushes For Insure Tennessee Comeback -

State Senate Democratic leader Lee Harris of Memphis will be on the campaign trail this summer.

Harris and other Democratic leaders in the majority Republican Tennessee legislature will campaign across the state this summer for the comeback of the Insure Tennessee proposal in the 2016 legislative session.

28. Shelby County Commission Questions Grays Creek Payday Loan Error -

Shelby County Commissioners want to know how a payday loan business got a certificate of occupancy from the county’s Office of Construction Code Enforcement and opened in the Cordova Ridge Shops development even though such a business violates the Unified Development Code.

29. County Budget Season Reflects Priorities, Angst -

It’s that time of year in Downtown’s Civic Center Plaza.

In late April, May and into June, the budget committee sessions of the Memphis City Council and Shelby County Commission become the stage for the priorities – political and financial – of both bodies.

30. Can We Still Be Friends? -

DIVORCE MAY BE BEST. After all, it was a shotgun wedding.

He grew up in an old neighborhood under the shade of old oaks – a big city boy with more ambition than brains, a dreamer always looking past the weeds in his own yard to greener grass. He was fun alright – into good times and great restaurants, live music and funky joints, nights that start with sunsets on the river and end at dawn next to somebody. He spent big, too big. Lived large, too large. And, truth be told, he could be a bit scary and more than a bit grabby.

31. ULI Gathering Puts Numbers to Poverty Challenge -

The way Steve Guinn sees it, there are two ways for Memphis to reduce its poverty rate by 10 percentage points.

32. Larger Hotel Overton To Replace French Quarter Inn -

The idea of an Overton Square hotel has long been a part of plans for the Midtown entertainment district, which marks the 45th anniversary of its founding this month.

Seven years after the district’s first hotel, the French Quarter Inn, closed its doors for good, there are plans for a new five-story, 134-suite Hotel Overton on the same northeast corner of Madison Avenue and North Cooper Street.

33. Germantown Parkway Parcels Sell for $3.4 Million -

789 and 725 N. Germantown Parkway
Memphis, TN 38018
Sale Amount: $3.4 million

34. Shelby Farms Mixes Spring and Construction -

The invitation advised guests to “dress for dirt.”

But when the Shelby Farms Park Conservancy broke ground Thursday, April 30, on the park’s new visitors and events centers, most attendees were wearing suits and dresses.

35. Shelby County Commercial Sales Revenue Surges in First Quarter -

The number of commercial sales in Shelby County dipped in the first quarter when compared to last year but the average sale amount and total sales revenue surged ahead of 2014 levels, according to real estate information company Chandler Reports.

36. Stringfellow Taking Memphis Back to the Basics -

Alex Stringfellow believes it’s time for Memphis to get back to basics.

As chairman of the Urban Land Institute’s Young Leaders division, he’s noticed at lecture events that questions from the audience always return to the same core subjects. This need for information, coupled with a perceived negative attitude among Memphians about the city’s issues, drove him to organize ULI Memphis’ May 4 event, “Getting Back to Basics: The Real Deal of Schools, Crime & Taxes.”

37. Memphis Taking Big Steps -

BIG STEPS. Part of our vacation ritual involves underwear, kitchen gadgets, camp shirts, socks and shoes – all items available in branded abundance on the cheap at Tanger Outlets.

38. This Week in Memphis History: April 17-23 -

2014: The formal dedication of the Overton Park Bike Gate on the western edge of the Midtown landmark draws a crowd of several hundred people, dozens of whom come with their bicycles for a ride from the gate on East Parkway to Shelby Farms Park. The nearby Hampline connecting the park to the western end of the Greenline was still under construction at the time.

39. Job Search -

On Sunday, about 1,400 Memphians seeking jobs and internships flocked to the Hilton Memphis for the 2nd annual Multicultural Career Expo. They met with human resources professionals from 50 local companies that are seeking a diverse roster of candidates.

40. REIT Acquires Three Hotels for $39.6 Million -

7905 Giacosa Place, 5320 Poplar Ave. and 7855 Wolf River Boulevard
Memphis, TN
Sale Amount: $39.6 million

41. Regency Homebuilders Buys Lakeland Property -

Regency Homebuilders LLC has paid $1.3 million for 64 acres in Lakeland.

The Germantown-based homebuilder bought the vacant land from Bank of Bartlett in a March 25 warranty deed. In conjunction with the purchase, Regency filed a two-year, $1.3 million deed of trust, also through Bank of Bartlett.

42. Wharton's Way -

City elections in Memphis begin unadorned.

Yard signs don’t bloom until mid- to late summer, when the strategic use of television ads and the much higher cycle of radio advertising kick in.

43. Land Use Control Board Approves Move of Elvis Jets -

Two airplanes once owned by Elvis Presley, the Lisa Marie and the Hound Dog II, could be moved from Graceland to a location down the street under a plan approved by a county board.

The Shelby County Land Use Control Board approved the plan Thursday from the planes’ current owners, OKC Partnership. The planes have been situated at Graceland since the mid-1980s and would move to 3850 Elvis Presley Boulevard in the new plan.

44. Regency Homebuilders Buys Lakeland Property -

Regency Homebuilders LLC has paid $1.3 million for 64 acres in Lakeland.

The Germantown-based homebuilder bought the vacant land from Bank of Bartlett in a March 25 warranty deed. In conjunction with the purchase, Regency filed a two-year, $1.3 million deed of trust, also through Bank of Bartlett.

45. Workforce Group Elects Downtown for Office -

The Greater Memphis Alliance for a Competitive Workforce has found a headquarters location Downtown, leasing 2,967 square feet at the One Commerce Square office tower.

The alliance aims to produce a united regional workforce development system by generating extensive workforce data, creating a pipeline of ready-to-work employees, crafting career roadmaps for workers and students and helping meet the near-term employment needs of local employers.

46. Woods at Ridgeway Apartments Sell for $18.5 Million -

6277 Lake Arbor Drive and 6206 Knight Arnold Road
Memphis, TN 38115
Sale Amount: $18.5 million

47. South Front Street Property Sells for $840,000 -

A Downtown property has traded hands for $840,000.

Stars & Stripes 1B LLC acquired 316 S. Front St. and 324 S. Front St. from Front & Vance LLC, according to a March 27 warranty deed.

48. Archimania Moving Forward With South Main Plans -

Memphis architecture firm archimania is inching closer to building a new headquarters and apartment development in the South Main neighborhood Downtown.

Archimania hopes to build a 5,000-square-foot office building, a 20-space surface parking lot and a six-unit apartment building at 705 S. Main St., which is located southeast of the Main and East Carolina Avenue intersection.

49. This Week in Memphis History: March 20-26 -

1980: Frank Marino and Mahogany Rush headlined at the Mid-South Coliseum at the top of a busy bill that included a reformed Humble Pie led by Steve Marriott, Mother’s Finest and Angel.

50. EDGE Developing Guidelines for Destination Retail Incentives -

When Swedish furniture retail giant Ikea announced it wanted to build one of its destination retail centers in Memphis, the company was greeted with open arms.

Mayor A C Wharton Jr. even held a City Hall press conference to announce the news in December.

51. Chicago-Based LivCor Snaps Up Memphis Apartment Community -

9230 Thornbury Boulevard
Memphis, TN 38125
Sale Amount: $51.3 million

Sale Date: Feb. 27, 2015
Buyer: BRE Piper MF Forest Creek TN LLC, an affiliate of Chicago-based LivCor LLC,
Seller: Forest Creek Apartment Associate LLC and Forest Creek Land Associates LLC, affiliates of Carter Hastin Real Estate Services Inc.
Loan Amount: $44.2 million
Loan Date: Feb. 27, 2015
Lender: Wells Fargo Bank
Details: The Preserve at Forest Creek Apartments in Southeast Memphis has been sold for $51.3 million.

52. Tennessee Cemetery Owner Agrees to Probation in Plea Deal -

MEMPHIS, Tenn. (AP) – A Tennessee cemetery owner accused of burying up to 200 bodies on land not owned by the business pleaded guilty Friday in exchange for 10 years' probation.

Jemar Lambert, the owner of Galilee Memorial Gardens in Bartlett, entered an Alford plea in Shelby County Criminal Court. Under an Alford plea, a defendant doesn't admit guilt but acknowledges there is enough evidence to convict.

53. Shelby Farms Park Raises $70 Million in Capital Campaign -

The Shelby Farms Park Conservancy has closed the books on a capital campaign that raised $70 million. Most of the money – $60 million – was raised from 387 private-donor gifts, led by a $20 million gift from the Hyde Family Foundations.

54. Preserve at Forest Creek Sells for $51.3 Million -

The Preserve at Forest Creek Apart- ments in Southeast Memphis has been sold for $51.3 million.

Forest Creek Apartment Associate LLC and Forest Creek Land Associates LLC, affiliates of Carter Hastin Real Estate Services Inc., sold the 414-unit apartment complex at 9230 Thornbury Boulevard to BRE Piper MF Forest Creek TN LLC, an affiliate of Chicago-based LivCor LLC, ac- cording to a Feb. 27 special warranty deed.

55. Lawyers Negotiating Plea Deal for Bartlett Cemetery Owner -

MEMPHIS, Tenn. (AP) – The lawyer for a Tennessee cemetery owner accused of mishandling burials says a plea deal with prosecutors could be reached as early as Friday.

Coleman Garrett told a judge Thursday that he is negotiating with prosecutors on a plea agreement for his client, Jemar Lambert. Shelby County Criminal Court Judge Lee Coffee set a Friday hearing to discuss their progress.

56. Shelby Farms Conservancy Completes Capital Campaign -

The Shelby Farms Park Conservancy has closed the books on a capital campaign that raised $70 million. Most of the money – $60 million – was raised from 387 private-donor gifts, led by a $20 million gift from the Hyde Family Foundations.

57. Preserve at Forest Creek Sells for $51.3 Million -

The Preserve at Forest Creek Apartments in Southeast Memphis has been sold for $51.3 million.

Forest Creek Apartment Associate LLC and Forest Creek Land Associates LLC, affiliates of Carter Hastin Real Estate Services Inc., sold the 414-unit apartment complex at 9230 Thornbury Boulevard to BRE Piper MF Forest Creek TN LLC, an affiliate of Chicago-based LivCor LLC, according to a Feb. 27 special warranty deed.

58. Highland Row Developer Approved for $11 Million Permit -

395 S. Highland St.
Memphis, TN 38111
Permit Amount: $11 million

Project Cost: $61 million
Permit Approval Date: March 2015
Owner: Highland Row LLC
Contractor: Milhaus Construction LLC
Details: The developer of the mixed-use Highland Row project won approval for an $11 million building permit from the city-county Office of Construction Code Enforcement.

59. Commission Debates School Voucher Bill -

Shelby County Commissioners have a lively difference of opinion about the schools voucher bill moving through the Tennessee legislature in Nashville even though nobody on the commission has a vote on the proposal.

60. Restless Winter -

For most of its 103-year life as city property, the Mid-South Fairgrounds has been a place where Memphians remember why they came there in the past, as local leaders have periodically pushed to remake its landscape and in turn create more memories going forward.

61. Brewery Developers Buy Site for New Apartment Building -

11 Butler Ave.
Memphis, TN 38103
Sale Amount: $1.25 million

Sale Date: Feb. 23, 2015
Buyer: 495 Tennessee LLC
Seller: BCH Investments LLC
Details: The team behind the development of the historic Tennessee Brewery has acquired a key piece of property adjacent to the long-vacant structure as plans for the new Tennessee Brewery: The Revival series of events there move forward.

62. Debt, Pension Overhang Top City Council Priorities -

UPDATE: Council committee sessions are beginning late Tuesday – at 10:30 a.m. – because of weather-related road conditions, and committees will have a condensed schedule, according to council staff.

63. Luttrell Scolds State Legislators -

Shelby County Mayor Mark Luttrell says the political forces that defeated the Insure Tennessee proposal of Gov. Bill Haslam this month in Nashville weren’t in a fight with Washington and President Barack Obama

64. Ikea Store Clears Regulatory Hurdles -

Ikea’s site plan for its 269,000-square-foot store on a 42-acre site near Interstate 40 and Germantown Parkway was given the green light by the Memphis-Shelby County Land Use Control Board on Thursday, Feb. 12.

65. Wade to Lead Southern College of Optometry's Hayes Center -

Dr. Lisa Wade has been named director of the Hayes Center for Practice Excellence at Southern College of Optometry, which focuses on teaching business principles to help optometrists succeed in independent practice.

66. Lakeland Prep Land Purchase Takes Another Step -

Lakeland Schools board members hired architects and planners Monday, Feb. 9, to begin design work on a new Lakeland Prep grade 6-12 school to open in August 2017.

And the school system is poised to buy the 94 acres of land with $1 million from their $1.5 million reserve fund after the Shelby County Commission delayed earlier in the day Monday a shift of county capital funds for the purchase of the land north of U.S. 70 and east of Canada Road.

67. Commission Delays Vote on Lakeland School Site Funding -

Shelby County commissioners delayed a vote Monday, Feb. 9, on a shift of county capital funds for the Lakeland Schools System to allow the school system to use it to buy land for the new Lakeland Prep grades 6-12 school being planned.

68. Commission Delays Vote on Lakeland School Site Funding -

Shelby County commissioners delayed a vote Monday, Feb. 9, on a shift of county capital funds for the Lakeland Schools System to allow the school system to use it to buy land for the new Lakeland Prep grades 6-12 school being planned.

69. Fogelman Company Launching Retail Center in East Memphis -

6544 Poplar Ave.
Memphis, TN 38118

Permit Amount: $3.2 million

Permit Application Date: February, 2015

70. Another Downtown Hotel Could Be On the Way -

A Memphis businessman is proposing a suburban-style hotel in the heart of Downtown Memphis while Swedish furniture retailer Ikea moves forward with plans for its first Memphis-area store.

Gopal Govan is seeking a special use permit from the city-county Land Use Control Board to build the four-story, 104-room LaQuinta Inn & Suites hotel on the site of the former New York Suit Exchange at 310 Union Ave., located at Union and Danny Thomas Boulevard. The Land Use Control Board meets Thursday, Feb. 12.

71. More Tax Incentive Changes Likely -

Shelby County Mayor Mark Luttrell made the argument last week in his State of the County speech that local economic development and economic recovery is not the singular pursuit of jobs.

72. City Council Endorses Insure Tennessee -

As Tennessee legislators continue their special session on the proposed Medicaid expansion, Memphis City Council members approved Tuesday, Feb. 4, a resolution urging the Legislature to approve Gov. Bill Haslam’s Insure Tennessee plan. The council resolution is a companion to a similar resolution approved by the Shelby County Commission last month.

73. Fogelman Moves Forward with Poplar Retail Center -

A company affiliated with Robert F. Fogelman II is moving forward with plans to build a new retail center on a key piece of land in the heart of East Memphis.

Crown Centre LLC has applied for a $3.2 million building permit to build the “shell” of a 29,000-square-foot, single-story retail building on the site of the old Cozymel’s Mexican Grill site at 6544 Poplar Ave., near International Paper’s campus in East Memphis.

74. Fogelman Moves Forward With Poplar Retail Center -

A company affiliated with Robert F. Fogelman II is moving forward with plans to build a new retail center on a key piece of land in the heart of East Memphis.

Crown Centre LLC has applied for a $3.2 million building permit to build the “shell” of a 29,000-square-foot, single-story retail building on the site of the old Cozymel’s Mexican Grill site at 6544 Poplar Ave., near International Paper’s campus in East Memphis.

75. Greenprint Maps Plan for 25-Year Development -

Open a trail or bike lane in the Memphis area and one of the first questions will be about how it links up to other trails or greenlines or bike lanes.

The Mid-South Regional Greenprint Plan is the answer and the guide to those questions with a long-term 25-year plan that maps out a proposed regional trail system to be built in pieces over the quarter of a century scope of the plan.

76. Plans for Retail Center on Former Cozymel's Site Move Ahead -

A company affiliated with Robert F. Fogelman II is moving forward with plans to build a new retail center on a key piece of land in the heart of East Memphis.

Crown Centre LLC has applied for a $3.2 million building permit to build the “shell” of a 29,000-square-foot, single-story retail building on the site of the old Cozymel’s Mexican Grill site at 6544 Poplar Ave., near International Paper’s campus in East Memphis.

77. Fogelman Moving Forward With East Memphis Retail Center -

A company affiliated with Robert F. Fogelman II is moving forward with plans to build a new retail center on a key piece of land in the heart of East Memphis.

Crown Centre LLC has applied for a $3.2 million building permit to build the “shell” of a 29,000-square-foot, single-story retail building on the site of the old Cozymel’s Mexican Grill site at 6544 Poplar Ave., near International Paper’s campus in East Memphis.

78. Memphis City Council Endorses Insure Tennessee -

As Tennessee legislators continue their special session on the proposed Medicaid expansion, Memphis City Council members approved Tuesday, Feb. 4, a resolution urging the Legislature to approve Gov. Bill Haslam’s Insure Tennessee plan. The council resolution is a companion to a similar resolution approved by the Shelby County Commission last month.

79. Wharton Administration No Show At Fairgrounds Forum -

No one from the administration of Memphis Mayor A C Wharton Jr. showed up Wednesday, Jan. 28, for a public forum on Wharton’s still-developing plan for the redevelopment of the Mid-South Fairgrounds.

80. Settlement Could Fund I-Zone Schools -

With federal money about to run out for the Shelby County Schools Innovation Zone schools, the $8 million in cash due from the city of Memphis next month is most likely to land in the bank account for that effort.

81. Commission Approves Center Point Terminal Lease -

Shelby County Commissioners approved Monday, Jan. 26, a new five-year lease between Center Point Terminal Co. LLC and the Memphis and Shelby County Port Commission for a dock, wharf and other facilities on Presidents Island in the barge business.

82. Lawyer Working to Resolve Bartlett Cemetery Owner's Case -

MEMPHIS, Tenn. (AP) – The lawyer for a West Tennessee cemetery owner charged with mishandling burials said Friday he is working to resolve the case.

Jemar Lambert, owner of Galilee Memorial Gardens in the Memphis suburb of Bartlett, made a brief appearance in Shelby County Criminal Court on a 2013 theft of property charge accusing him of selling burial plots on adjoining land not owned by the cemetery.

83. EDGE Approves Ikea Incentives -

Swedish furniture retailer Ikea has been awarded an 11-year tax break to develop a $64 million store near Interstate 40 and Germantown Parkway that is expected to employ 175 people.

The board of the city-county Economic Development Growth Engine on Wednesday, Jan. 21, approved the controversial payment-in-lieu-of-taxes incentive on an 8-1 vote. Larry Jackson voted against the measure.

84. EDGE Approves Incentives for Memphis Ikea Store -

Swedish furniture retailer Ikea has been awarded an 11-year tax break to develop a $64 million store near Interstate 40 and Germantown Parkway that is expected to employ 175 people.

The board of the city-county Economic Development Growth Engine on Wednesday, Jan. 21, approved the controversial payment-in-lieu-of-taxes incentive on an 8-1 vote, with Larry Jackson voting against the measure.

85. Executive Inn Demolition Long Time Coming -

The old Executive Inn hotel on Airways Boulevard where Brooks Road dead ends is the latest problem vacant property to be demolished and touted by Memphis Mayor A C Wharton Jr. as another step in his administration’s anti-blight effort.

86. Proposed Lakeland Prep Site Considered -

The proposed site for the new Lakeland Prep school is 94 acres of land north of U.S. 70, east of Canada Road.

Members of the Lakeland School System board got their first look at the details Monday, Jan. 5, during a school board work session in which the site was recommended by Southern Educational Strategies LLC, a consultant to the school system on the matter.

87. The Preserve at Southwind Sells for $28 Million -

7991 Capilano Drive
Memphis, TN 38125
Sale Amount: $28 million

Sale Date: Dec. 22, 2014
Buyer: Southwind Apartments LP
Seller: G&I VII Preserve at Southwind Apartments LP
Loan Amount: $18 million
Loan Date: Dec. 18, 2014
Maturity Date: Oct. 31, 2020
Lender: Jackson National Life Insurance Co.
Details: A team that includes Memphis-based Foegelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

88. Council to Vote on Beale Street Tourism Authority -

Memphis City Council members vote Tuesday, Jan. 6, on the creation of a Beale Street Tourism Development Authority to oversee the future of the entertainment district.

The proposal by Memphis Mayor A C Wharton Jr. sets up a nine-member body appointed by the mayor and confirmed by the City Council to issue bonds for construction projects in the district, levy fees to pay off the debt and to make lease agreements with tenants.

89. REIT Sells Three Memphis Properties for $7.2 Million -

A Texas-based real estate investment trust has sold three Memphis properties for $7.2 million.

Cobalt Industrial REIT II, an affiliate of Cobalt Capital Partners, has sold the properties at 4366, 4406 and 4436 Malone Road to Colfin Cobalt I-II Owner LLC, an affiliate of Santa Monica, Calif.-based Colony Financial Inc., according to a Dec. 18 special warranty deed.

90. REIT Buys Distribution Center for $14.5 Million -

A large distribution center in Southeast Memphis has traded hands for $14.5 million, and it’s another out-of-state real estate investment trust doing the buying.

Crown Memphis Associates LLC sold the distribution center at 4836 Hickory Hill Road to SIR Properties Trust, an affiliate of Massachusetts-based Select Income REIT, according to a Dec. 23 warranty deed. Select Income REIT primarily owns properties that are net leased to single tenants. Around 35 percent of SIR’s rents are from land the company owns in Hawaii that is under long term lease to clients with the remaining revenues coming from single-tenant office and industrial properties across the U.S.

91. REIT Buys Distribution Center for $14.5 Million -

A large distribution center in Southeast Memphis has traded hands for $14.5 million, and it’s another out-of-state real estate investment trust doing the buying.

Crown Memphis Associates LLC sold the distribution center at 4836 Hickory Hill Road to SIR Properties Trust, an affiliate of Massachusetts-based Select Income REIT, according to a Dec. 23 warranty deed. Select Income REIT primarily owns properties that are net leased to single tenants. Around 35 percent of SIR’s rents are from land the company owns in Hawaii that is under long term lease to clients with the remaining revenues coming from single-tenant office and industrial properties across the U.S.

92. REIT Sells Three Memphis Properties for $7.2 Million -

A Texas-based real estate investment trust has sold three Memphis properties for $7.2 million.

Cobalt Industrial REIT II, an affiliate of Cobalt Capital Partners, has sold the properties at 4366, 4406 and 4436 Malone Road to Colfin Cobalt I-II Owner LLC, an affiliate of Santa Monica, Calif.-based Colony Financial Inc., according to a Dec. 18 special warranty deed.

93. Shelby County Homebuilding Activity Continues to Slow -

Homebuilding in Shelby County was off last year’s pace again in November, with builders pulling fewer permits and selling fewer homes than in November 2013.

Shelby County homebuilders filed 43 permits last month, down 29.5 percent from 61 permits in November 2013, according to real estate information company Chandler Reports, www.chandlerreports.com. The 43 permits filed in November is down 31.7 percent from the 63 permits filed in October.

94. Fogelman Affiliate Files Loan on Former Cozymel’s Site -

6450 Poplar Ave.
Memphis, TN 38119
Loan Amount: $6.1 million

Loan Date: Dec. 17, 2014
Maturity Date: Jan. 1, 2023
Borrower: Crown Centre LLC
Lender: Financial Federal Bank
Details: A company affiliated with Robert F. Fogelman II has filed a loan on a key piece of East Memphis land.

95. Owner Files $6.1M Loan on Former Cozymel’s Site -

A company affiliated with Robert F. Fogelman II has filed a loan on a key piece of East Memphis property.

Crown Centre LLC filed a $6.1 million loan with Financial Federal Bank for the old Cozymel’s Mexican Grill location at 6450 Poplar Ave. near International Paper’s campus in East Memphis, according to a Dec. 17 deed of trust.

96. Memphis Resolutions -

The end of the year hastens a season of resolutions about the year ahead, resolutions about what to include on the blank canvas of a new year.

No matter who you are, the road to 2015 starts at the same place – through the experience of 2014. With that in mind, we surveyed many of the people we’ve covered in these pages in the last year to talk about the possibilities ahead.

97. Owner Files $6.1 Million Loan on Former Cozymel's Site -

A company affiliated with Robert F. Fogelman II has filed a loan on a key piece of East Memphis property.

Crown Centre LLC filed a $6.1 million loan with Financial Federal Bank for the old Cozymel’s Mexican Grill location at 6450 Poplar Ave. near International Paper’s campus in East Memphis, according to a Dec. 17 deed of trust.

98. Grassroots Growth -

In 2007, Greg Spillyards was part of a team at CB Richard Ellis Memphis tasked with reviving the dog-eared Bellbrook Industrial Park.

The project struck close to Spillyards’ heart.

Born in Pine Bluff Ark., and raised in Memphis, Spillyards originally entered the world of commercial real estate to help transform communities from the ground up, the kind of effort that restoring Bellbrook would take.

99. This week in Memphis history: December 19-25 -

2009: On the front page of The Daily News, the Metro Charter Commission, drafting a proposed charter for a consolidated Memphis-Shelby County government made an early decision in its draft that their proposal would not include a consolidation of Memphis City Schools and Shelby County Schools.
It was the first decision on a charter issue by the group since it was formed that October. The reasoning was to sidestep what was judged to be the most controversial part of any consolidation. Nevertheless, the proposed charter was still crushed in the referendum that followed in the county outside Memphis and it only narrowly passed in the city of Memphis. The charter had to win approval in both to consolidate.

100. New Industrial Market Takes Hold in Marshall, Fayette Counties -

In November, Volvo began operations at its new parts distribution center in Marshall County, Miss.

The 1 million-square-foot distribution center inside Panattoni Development Co.’s Gateway Global Logistics Center is the centerpiece of the company’s streamlined North American parts distribution network and helped solidify the Marshall County and Fayette County, Tenn., region as a major player in local industrial real estate.