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1. Hilton Data Center, Land Sold For $3.7 million -

The Hilton Data Center building in Memphis and 4.3 acres of vacant land have been sold for $3.7 million.

HLT Memphis Data LLC, which is affiliated with Hilton Hotels Corp., sold the 35,000-square-foot mixed-use office building and vacant land to F9 Memphis LLC, according to an Oct. 22 warranty deed. The buyer, F9 Memphis LLC, is affiliated with Charlotte, N.C.-based Niagra Ventures, according to public records. Niagra Ventures’ website said the company broadened its portfolio of industrial and manufacturing products into the data center asset sector in 2008.

2. Palazzolo, Brogdon Talk 3 Gs in Germantown Debate -

The two candidates for mayor of Germantown offered different views about where the city is and future goals Tuesday, Oct. 21, before an overflow crowd at the Germantown Municipal Center.

Mike Palazzolo and George Brogdon, who retired as the city’s community services director to run for mayor, are running on the Nov. 4 ballot to succeed five-term mayor Sharon Goldsworthy, who is not seeking re-election.

3. Nike Inc. Applies For $1.9 million Building Permit -

Nike Inc. has applied for a $1.9 million building permit with the city-county Office of Construction Code Enforcement for additions to its distribution center at 3100 New Frayser Blvd.

4. Sprouts Farmers Market Applies for Building Permit -

3150 Village Shops Drive
Germantown, TN 38138

Project Cost: $1.5 million

Applied: Oct. 14, 2014

5. Cox Acquires WHBQ Building, Transmitter -

The FOX-13 WHBQ television station property on Highland Street has sold for $2.6 million.

Fox Television Stations Inc. sold the 25,923-square-foot building at 483 S. Highland St. to KTVU LLC, which is affiliated with Cox Media Group, according to an Oct. 8 warranty deed. The Shelby County Assessor of Property’s 2014 appraisal is $1.2 million.

6. Cox Media Acquires WHBQ Transmitter Site -

The FOX-13 WHBQ radio and television transmitter site has been sold for $1.1 million.

Fox Television Stations Inc. sold the 3,200-square-foot building built in 1954 and 27.5 acres of land to KTVU LLC, which is affiliated with Cox Media Group, according to an Oct. 8 warranty deed. The Shelby County Assessor of Property’s 2014 appraisal is $231,200.

7. Commission Moves Past First Partisan Divide -

As quickly as it surfaced, the Shelby County Commission’s first partisan divide of their term of office appeared to subside Monday, Oct. 13.

With little discussion, commissioners approved chairman Justin Ford’s slate of committee assignments for the next year.

8. Commission Approves Committee Slate -

With very little discussion, Shelby County Commissioners approved Monday, Oct. 13, chairman Justin Ford’s slate of committee assignments for the next year.

9. Acura of Memphis Owner Buys Dealership, Land -

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

10. Three Companies Seek PILOTs for Projects -

Three companies – including a wing of Memphis-based FedEx – are considering investing more than $25 million in Memphis for new distribution operations that would create 272 new jobs.

“It's always good to see FedEx expanding and the other two projects appear to be new to Memphis,” said Kemp Conrad, principal of Cushman & Wakefield/Commercial Advisors. “This balanced growth is encouraging and we expect more good news later in the fourth quarter."

11. Commission’s First Partisan Challenge Lingers -

Shelby County Commissioners appeared last week to be on the way to putting behind them their first political controversy of their term of office.

Six of the seven Democratic commissioners along with Republican commissioner Steve Basar voted last month to delay the slate of committee assignments made by new chairman Justin Ford.

12. Acura of Memphis Owner Buys Dealership, Land -

The owner of Acura of Memphis has paid $12.4 million for the East Memphis dealership and 25 acres of land.

Umansky Properties AOM LLC – led by Danny Umansky of Umansky Auto Group, which includes Acura of Memphis, Acura of Jackson, Tenn., and Wolfchase Hyundai – bought the properties in an Oct. 1 warranty deed from Tameron Properties Memphis LLC.

13. Brook Chase Apartments Sells for $31.1 million -

The 280-unit Brook Chase Apartments community in Germantown has been sold for $31.1 million.

Brook Chase Apartments Partnership LLC, an affiliate of Germantown-based Sentinel Real Estate Corp., sold the complex to G & I VIII Brook Chase LLC, an affiliate of New York City-based DRA Advisors LLC, according to an Oct. 3 special warranty deed. G & I VIII Brook Chase LLC also filed a $22.1 million loan with CBRE Capital

14. Council Delays Pension Action, Broods Over 'Key Members' Designation -

Memphis City Council members debated who is a “key member” of the body Tuesday, Oct. 7, as they delayed action on changes to city employee pensions into November.

The delay on third and final reading of several pension ordinances was expected. The items are now on the Oct. 21 council agenda. But council members expect there will not be a vote then either and city Chief Administrative Officer George Little said the administration can live with a further delay.

15. Acura of Memphis Owner Buys Dealership, Land -

The owner of Acura of Memphis has paid $12.4 million for the East Memphis dealership and 25 acres of land.

Umansky Properties AOM LLC – led by Danny Umansky of Umansky Auto Group, which includes Acura of Memphis, Acura of Jackson, Tenn., and Wolfchase Hyundai – bought the properties in an Oct. 1 warranty deed from Tameron Properties Memphis LLC.

16. Brook Chase Apartments Sells for $31.1 million -

The 280-unit Brook Chase Apartments community in Germantown has been sold for $31.1 million.

Brook Chase Apartments Partnership LLC, an affiliate of Germantown-based Sentinel Real Estate Corp., sold the complex to G & I VIII Brook Chase LLC, an affiliate of New York City-based DRA Advisors LLC, according to an Oct. 3 special warranty deed. G & I VIII Brook Chase LLC also filed a $22.1 million loan with CBRE Capital Markets Inc., according to an Oct. 3 multifamily deed of trust.

17. McNeill Seeks Permits for Germantown Medical Offices -

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

18. Parting Thoughts -

Wade Bolton had a lot on his mind when he drafted his will in 1868.

Most of it had to do with a violent feud between his family and the Dickins family in which he was ultimately one of the victims of the violence – shot and fatally wounded in Court Square, less than a year after writing the will.

19. Fieldstone Apartments Owner Files Loan -

The owner of the 324-unit Fieldstone Apartments in the Southwind area has filed a loan on the property.

Fieldstone Apartments I LLC acquired a $13.5 million loan from Magna Bank for the apartment community at 3333 Hacks Cross Road, according to a Sept. 29 multifamily deed of trust. Michael A. Lightman is the registered agent for Fieldstone Apartments I LLC.

20. FedEx Delivers Service to Memphis Causes -

Robin Hicks, communications adviser for FedEx Trade Networks, arrived at the Lucius Burch Natural Area at Shelby Farms Park last week and made her way through the vegetation to the Wolf River.

21. Stonebridge Crossing Sells for $29.8 Million -

9135 Morning Ridge Road
Memphis, TN 38016
Sale Amount: $29.8 million

Sale Date: Sept. 11, 2014
Buyer: IRT Stonebridge Crossing Apartments Owner LLC
Seller: AB Merion Stonebridge LLC
Details: The 500-unit Stonebridge Crossing apartment complex in Cordova has traded hands.

22. Real Estate Experts Look at Impact of North Mississippi -

Six years after the real estate bubble burst nationally, the recovery of the commercial and residential sectors in Memphis is slower than in other parts of the country. But they are recovering on their own new terms, say the incoming president of the Memphis Area Association of Realtors, the president of the West Tennessee Home Builders Association and a mortgage lender.

23. Century Center Land Sold for $1.5 Million -

A group affiliated with Memphis-based Boyle Investment Co. has sold a large chunk of vacant land on Whitten Road near Interstate 40.

24. Century Center Land Sells for $1.5 Million -

A group affiliated with Memphis-based Boyle Investment Co. has sold a large chunk of vacant land on Whitten Road near Interstate 40.

25. County Commission Starts School Bond Process -

Shelby County Commissioners vote Monday, Sept. 22, on a resolution that is the first step in issuing $120 million in general obligation bonds over the next two years to finance “public works projects, including schools,” according to the resolution.

26. Airport Authority Approves RedRover Contract -

Memphis International Airport should have a new team of storytellers on board.

The Memphis-Shelby County Airport Authority board voted Thursday, Sept. 18, to engage Memphis-based RedRover Co. LLC to help craft a multi-platform communications and image campaign for Memphis International, which is transitioning from a Delta Airlines hub to an origin-and-destination airport.

27. Real Estate Road Show on Tap Wednesday -

The next Shelby County Real Estate Road Show to promote Shelby County’s Tax Sale and Land Bank will be Wednesday, Sept. 10.

28. Walnut Hill Apartments Sells for $28 Million -

8920 Walnut Grove Road
Cordova, TN 38018
Sale Amount: $27.9 million

Sale Date: Aug. 28, 2014
Buyer: IRT Walnut Hill Apartments Owner LLC
Seller: 30 California-based limited liability companies
Details: The 324-unit Walnut Hill Apartments in Cordova has sold for $27.9 million to an entity affiliated with Philadelphia-based RAIT Financial Trust.

29. Bloodworth: Greenways Increasing Residential Values -

The Memphis region’s existing 50 miles of greenways, paths and trails are responsible for some increase in property values, particularly residential property, says Rusty Bloodworth, vice president of Boyle Investment Co. and past chairman of the Urban Land Institute’s Memphis chapter.

30. County Commission Begins New Term -

Shelby County Commissioners elect a new chairman Monday, Sept. 8, for the next year at the first voting meeting of their four-year term of office.

And their agenda includes votes on appointments by Shelby County Mayor Mark Luttrell to his second-term team of division directors and administrators.

31. Council to Review Alternative Health Plan -

Memphis City Council members Tuesday, Sept. 2, talk over a proposed high-deductible health insurance plan that would restore health benefits for city employees and retirees.

The 1:30 p.m. executive session discussion by the full council is the first since the leaders of the Memphis Fire Fighters Association pitched the plan at a health insurance oversight committee session in July.

32. Greenprint Advocates Tout Range of Benefits -

After being lampooned for years as one of the worst metro areas in the country for bicyclists and pedestrians, the Memphis region is poised to make a huge leap forward in developing a regional greenway and trail system.

33. Macon Homes Complex Sells for $800,000 -

500 N. Claybrook St.
Memphis, TN 38104
Sale Amount: $800,000

Sale Date: Aug. 20, 2014
Buyer: Crosstown Macon Homes LLC
Seller: Macon Homes
Details: The 24-unit Macon Homes section 8 apartment complex at 500 N. Claybrook St. in Midtown has sold for $800,000.

34. August 15-21: This week in Memphis history -

2013: Norah Jones was a surprise guest at a Levitt Shell concert by Cory Chisel and the Wild Rovers Tour.

1984: The Center City Commission reported $450 million in construction Downtown since 1976, counting public as well as private financing. The construction boom included the Memphis Plaza Hotel, Morgan Keegan Tower and the Scimitar Building.

35. Commission Approves School Facilities Study -

Shelby County Commissioners approved Monday, Aug. 4, a $1.8 million school facilities study to be conducted by Shelby County Schools.

And the commission approved a resolution asking Tennessee legislators to change laws on the approval of land use and zoning changes within five miles of the Memphis city limits. The change would make the Shelby County Commission the only body needed for approval. Currently, such changes within the 5-mile limit also require approval of the Memphis City Council.

36. PILOT Incentives Go Before City Council -

The incentives used to attract companies to the city and county or retain existing jobs got a hearing before a Memphis City Council committee Tuesday, Aug. 5.

In the ultra-competitive world of economic development, incentives can tip the scales in favor of Memphis and Shelby County, said Reid Dulburger, president and CEO of the city-county Economic Development and Growth Engine.

37. PILOT Incentives Go Before City Council -

The incentives used to attract companies to the city and county or retain existing jobs got a hearing before a Memphis City Council committee Tuesday, Aug. 5.

In the ultra-competitive world of economic development, incentives can tip the scales in favor of Memphis and Shelby County, said Reid Dulburger, president and CEO of the city-county Economic Development and Growth Engine.

38. Graceland Campus Financing Relies on Tight Boundaries -

When Elvis Presley Enterprises breaks ground next week on the $75 million, 450-room hotel-resort it will build north of Graceland mansion, it will be the beginning of crossing something off the company’s wish list since Elvis Presley’s mansion opened for tours in the early 1980s.

39. 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.

40. Commission Approves School Facilities Study -

Shelby County Commissioners approved Monday, Aug. 4, a $1.8 million school facilities study to be conducted by Shelby County Schools.

And the commission approved a resolution asking Tennessee legislators to change laws on the approval of land use and zoning changes within five miles of the Memphis city limits. The change would make the Shelby County Commission the only body needed for approval. Currently, such changes within the 5-mile limit also require approval of the Memphis City Council.

41. County Commission Asks for Federal Election Monitors -

Shelby County Commissioners voted Monday, Aug. 4, to ask U.S. Attorney Ed Stanton to monitor Thursday’s election in Shelby County.

The commission approved the resolution after attorney and former Shelby County Commissioner Julian Bolton said there have been “serious” irregularities already during the early voting period. And Bolton cited problems in past elections.

42. 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.

43. County Commission Weighs End of Term Items -

At the next to last meeting of their four-year terms of office, Shelby County commissioners will be dealing with some items that have been on the wish lists of individual commissioners for years in some cases.

44. Holiday Inn Express Owner Files Loan -

The owner of the 72-room Holiday Inn Express & Suites at 7784 Wolf Trail Cove in Germantown has filed a $7 million loan on the property.

45. Lot Shortage Poses Next Roadblock -

Local homebuilders say a dearth of developed lots is slowing down the new housing rebound, weighing down an industry still trying to drag itself out of the rubble left by the worst recession in decades.

46. Regional One Health Expands Footprint -

In the last year, Regional One Health has added about 100 employees and its new name.

Of course, for about three decades it was known as The Regional Medical Center at Memphis – or simply The MED. That officially changed back on Feb. 26 when Regional One Health became the new name for the Shelby County Health Care Corp. and the “umbrella” name for the hospital.

47. Chamber Launches PILOT Education Campaign -

Memphis economic development officials wasted little time launching an information campaign about Memphis and Shelby County’s primary business incentive program.

On July 16, less than a month after the Memphis City Council adopted a budget that included deep cuts to employee and retiree benefits, the Greater Memphis Chamber posted a video exploring how the payment-in-lieu-of-taxes incentive program works and why it is needed.

48. 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.

49. 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.

50. More Than Delta -

MESSAGE FROM HOME. A while back – right after I wrote a column blasting Delta, the Airport Authority and Garage Gargantua – I was invited to tour the airport and learn a thing or two or 50 about where so much of what and where we are takes off and lands every day.

51. 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.

52. Company Buys 30 Acres Of Land for $1.3 Million -

An affiliate of Lakeland-based real estate company WESSCORP Communities has paid $1.3 million for about 30 acres of vacant land in Northeast Memphis near Arlington.

The entity known as The Charleston HL Apartment Community LLC bought the two parcels – one totaling 29.6 acres and one totaling 0.1 acres – in a June 30 special warranty deed from First Alliance Bank.

53. Changing Landscape -

It’s been confusing from a distance.

The formal groundbreaking for Shelby Farms Park’s $70 million “Heart of the Park” improvements, including an expansion of Patriot Lake, came the same week last month the Memphis City Council voted to delay for one year the city’s portion of funding for the Shelby Farms Parkway.

54. 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.

55. 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.

56. Economic Development Growth Engine Looks to Make PILOTs More Effective -

For years, the payment-in-lieu-of-taxes incentive used to recruit or retain jobs in Memphis and Shelby County has been a lightning rod for criticism, particularly from municipal labor unions who view the incentives as corporate welfare that erodes the tax base.

57. ‘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.

58. Cypress Realty Files $7 Million Construction Loan -

Cypress Realty Holdings Co. has filed a $7 million construction loan for a medical office building on Wolf River Boulevard in Germantown.

59. Charlotte Firm Buys Mendenhall Warehouse -

4517 S. Mendenhall Road
Memphis, TN 38141
Sale Amount: $1.4 million

Sale Date: June 24, 2014
Buyer: TKC CLXXIX LLC
Seller: Tenn Thom Realty LLC
Loan Amount: $1.1 million
Loan Date: June 24, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of Charlotte, N.C.-based real estate development firm The Keith Corp. has paid $1.4 million for the 14,650-square-foot warehouse at 4517 S. Mendenhall Road in Hickory Hill.

60. Editorial: Park Should Be Place to Unify Community -

There is something about an economic impact study of a 4,500-acre park that at first glance seems out of place.

But given the recent travels of Shelby Farms Park through our local political machinery, further proof of the park’s worth is still needed.

61. Builder Files Construction Loan for Cambridge Manor -

Oakland-based homebuilder Creekside Homes LLC has filed a $1.2 million construction loan on five lots in the Cambridge Manor Planned Development in Arlington.

62. 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.

63. 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.

64. Building Permits Tumble 38 Percent in May -

Homebuilding activity slowed in May compared to a year ago, with builders filing fewer permits and selling fewer new homes than the same month last year.

Builders pulled 72 permits in Shelby County in May, down 38.4 percent from 117 permits in May 2013, according to real estate information company Chandler Reports, www.chandlerreports.com. The 72 permits filed by builders in May were up slightly from 68 permits filed in April.

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. Heart of Park Advances as Shelby Farms Parkway Stalls -

Within the space of a few days this month, the Shelby Farms Park Conservancy formally broke ground on the park’s $70 million Heart of the Park project and then its leaders watched as the Memphis City Council delayed the Shelby Farms Parkway project for a year.

67. County Commission to Discuss Brooks’ Residency -

A challenge of Shelby County Commissioner Henri Brooks’ residency is serious enough that her fellow commissioners are prepared to discuss it at a special meeting next week.

The Shelby County Attorney’s office is investigating whether Brooks lives in the district she has represented for the last eight years.

68. 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.

69. EDGE Mulls Tax Break for Plastics Recycling Co. -

A company that recycles and manufactures post-industrial plastics is considering relocating from Arkansas to Memphis.

RE-CY, or RE-CY Plastics, is considering acquiring a facility on Winchester Road to recycle and manufacture plastics, which are then used for automotive parts, decking and IKEA furniture.

70. County Commission to Weigh New Disparity Study -

Shelby County Commissioners consider a start Monday, June 16, toward a new disparity study as a way to changing the county’s efforts in increasing minority business participation in government contracts.

71. 10-Acre Cordova Industrial Site Sells -

A 10-acre heavy industrial site at 9373 Macon Road in Cordova has sold for $1.5 million to William A. McMahan of Bartlett.

72. 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.

73. Conduit Global Opens Call Center -

Civic and business leaders celebrated Conduit Global’s new call center Wednesday, June 11, with a ribbon-cutting ceremony.

The $8 million Conduit Global call center and back-office support operation at 7000 Goodlett Farms Parkway will eventually employ 1,000 people, making it one of the largest local job creation projects in recent history.

74. Bailey Continues Call for Shelby Farms Development -

Walter Bailey is the only serving Shelby County Commissioner who was part of the 1970s debate on the commission about what to do with the farmland that was the old Shelby County Penal Farm.

75. Commission Approves Budgets and Dueling Tax Rates Without PreK Amendment -

Shelby County Commissioners signed off Monday, June 2, on a $1.1 billion consolidated operating budget for all of Shelby County government as well as a $75 million capital budget, both for the fiscal year that begins July 1.

76. 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.

77. 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.

78. Ridge Lake Building Sold After Foreclosure -

756 Ridge Lake Blvd.
Memphis, TN 38120
Sale Amount: $2.9 million

Sale Date: May 8, 2014
Buyer: Life Insurance Co. of the Southwest
Seller: Brooks R. Smith, successor trustee
Details: The 38,472-square-foot Ridge Lake Office Building at 756 Ridge Lake Blvd. in East Memphis has sold back to the lender for $2.9 million following a foreclosure.

79. Construction Loan Filed for Kirby Whitten Land -

The owner of a 4.5-acre vacant parcel on Kirby Whitten Road has filed an $8 million construction loan for the Bartlett site.

Vancouver, Wash.-based Bartlett Care Group LLC filed the construction deed of trust with absolute assignment of rents and leases, security agreement and fixture filing financing statement May 7 through Wells Fargo Bank NA.

80. Culture of Health -

Twenty-five years ago, Carol Harshman was an aerobics instructor working for a Springfield, Mo., health club.

As someone with a job that allowed her to live out a lifestyle of health and wellness at work, she was in the minority.

81. Lamar Avenue Motel Sells for $1.3 Million -

The former Best Western Travelers Inn at 5024 U.S. 78 (Lamar Avenue) in Oakhaven has sold for $1.3 million.

Radha Hospitality LLC bought the 24,864-square-foot motel in a May 2 warranty deed from Anil N. Shah and P.V. Shah, who acquired the property in 1991 for $210,000 and developed the land.

82. Lessons for Memphis Abound in Atlanta’s Beltline -

The Atlanta Beltline is an infrastructure framework around the urban core of Atlanta – a 22-mile loop of mostly abandoned railroads that is being transformed into a transit greenway.

It is a linear park with streetcars, bicycle paths and pedestrian trails that will connect more than 40 diverse neighborhoods, as well as city schools, historic sites and cultural locales.

83. Commission to Vote On Austin Peay Project -

Shelby County Commissioners vote Monday, May 12, on the return of a planned development at the northwest corner of Austin Peay Highway and Millington-Arlington Road by First Citizens National Bank.

84. Tile Shop Inks Lease for First Area Store -

A specialty retailer of high-quality tile will open its first location in Memphis later this year.

The Tile Shop is in the final stages of negotiating a roughly 20,000-square-foot lease at 1245 Germantown Parkway, between Cordova Road and Autumn Creek Drive, in the Germantown Square Shopping Center in Cordova, according to company representative Lindsey Rose.

85. Across the River -

The Arkansas land between the bridges across the Mississippi River at Memphis doesn’t have a name, at least not yet.

If graffiti is any indication, lots of people go there. And they cross numerous boundaries on dirt and gravel roads and paths that can end abruptly and are posted with “no trespassing” signs and other warnings as well as railroad video cameras.

86. Graceland Hotel First Sign of Expansion Plans -

It’s been several years since executives at Elvis Presley Enterprises took an expansion plan to homeowners in Whitehaven.

The last time was when the entertainment company CKx Inc. owned 85 percent of Graceland and rolled out a $250 million plan to expand the area around Graceland into a resort setting with more hotels, restaurants and entertainment venues.

87. Graceland Files Notice for 450-Room Whitehaven Hotel -

Elvis Presley Enterprises has filed paperwork with the Land Use Control Board to move ahead with the first part of a long planned expansion of Graceland.

The filing with the LUCB Wednesday, April 30, is for construction of a 450-room hotel on the same side of Elvis Presley Boulevard as the mansion on a parcel of land EPE has owned since the mid 1990s.

88. Lenox Park Professional Buildings Sell for $6.1 Million -

The Lenox Park Professional Buildings A and B at 3175 Lenox Park Drive and 6625 Lenox Park Drive have sold for a combined $6.1 million following a foreclosure.

89. I Choose Memphis: Jittapong 'JT' Malasri -

“I Choose Memphis” spotlights Memphians who are passionate about calling this community home. New Memphis Institute provides the profiles.

Name: Jittapong “JT” Malasri

90. Houston Levee Parcel Sells for $1 Million -

A vacant 1.4-acre parcel at Houston Levee Road and Poplar Avenue in Collierville has traded hands for $932,700.

PHD @ Houston Levee LLC bought the land in a November 6 special warranty deed from Interface Houston Levee LLC. Though the sale closed in November, the Shelby County Register of Deeds didn’t process the paperwork until last week.

91. A Funder’s View of Sustainability -

Editor’s Note: This column will appear Tuesdays through April in honor of Sustainability Month for Memphis and Shelby County.

As the Mid-South’s philanthropic partner since 1969, the Community Foundation of Greater Memphis is clearly here to stay. That’s why we are interested in initiatives that make our area more livable and connected right now and for future generations.

92. Pinnacle Apartments Sell for $3.8 Million -

305 S. Bellevue Blvd.
Memphis, TN 38104
Sale Amount: $3.8 million

Sale Date: April 8, 2014
Buyer: Pinnacle Apartments Property Owner LLC
Seller: Bellevue Tower II LLC
Loan Amount: $3.4 million
Loan Date: April 11, 2014
Maturity Date: May 1, 2019
Lender: JPMorgan Chase Bank NA
Details: An affiliate of Woodbury, N.Y.-based CLK Properties has paid $3.8 million for the 118-unit Pinnacle Apartments at 305 S. Bellevue Blvd. in Midtown.

93. Collierville ABRA Owner Files $1.9 Million Loan -

The owner of the ABRA Auto Body & Glass at 430 E. Winchester Blvd. in Collierville has filed a $1.9 million loan on the property.

94. Commercial Real Estate Sales Up 6.1 Percent In March -

Shelby County recorded 208 commercial real estate sales in the first quarter, according to real estate information company Chandler Reports, www.chandlerreports.com.

95. Collierville Explores New School Options -

The Collierville Schools system is about to start the process of finding a site for a new high school and determining how much it would cost.

The Collierville school board voted unanimously Tuesday, April 8, to have the school system’s staff begin developing a request for the qualifications of an architect and planners to come up with plans for the school and select a site.

96. Hillview Village Apartments Sell for $5.9 Million -

2051 E. Alcy Road
Memphis, TN 38114
Sale Amount: $5.9 million

Sale Date: March 27, 2014
Buyer: 2013 Hillview LP
Seller: Alcy Partners LP
Details: The 265-unit Hillview Village Apartments at 2051 E. Alcy Road in the Defense Depot neighborhood have sold for $5.9 million.

97. Trustee’s Texts Reaching Tardy Taxpayers -

Shelby County Trustee David Lenoir has found a new way to reach out and touch someone – specifically, tardy taxpayers.

98. Millington Dollar General Sells for $3.2 Million -

The 9,301-square-foot Dollar General store at 8021 Austin Peay Highway in Millington has sold for $3.2 million.

Cash Properties LLC bought the retail property in a March 25 warranty deed from Ware Properties LLC, the Coldwater, Miss.-based company that developed this property and also has developed numerous Dollar General stores in the area.

99. New Retail Center Proposed for Downtown Memphis -

A new mixed-use retail center could be headed to the area south of FedExForum Downtown after the developer received approval Wednesday, March 26 for two drive-thru windows and several other code variances.

100. Owner Files Loan On Germantown Land -

The owner of a 1.2-acre parcel at the corner of Germantown and Farmington roads in Germantown has filed a $1.8 million loan on the land.

The entity, called Lot 3 Saddlecreek PUD Partners, filed the deed of trust, security agreement and assignment of rents and leases March 20 through Financial Federal Bank.