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Editorial Results (free)

1. Food for Thought -

If you’re shopping at Kroger or Wal-Mart, you might see Chef Jenn. She won’t be hard to miss in her white chef’s jacket, and a blue scarf around her neck, smiling out at you from inside the freezer case on a package of her buffalo-style shrimp dip or on a shelf housing a box of her new cheese grits or “hushpuppies with a bark.”

2. Warehouse At Perimeter Point Sells for $775,000 -

A Perimeter Point industrial building has been sold for $775,000.

Missouri-based Martabra Real Estate LLC acquired the flex warehouse building at 5055 Covington Way, just off Covington Pike south of Elmore Road, from CP Perimeter Point LLC, an affiliate of California-based Coastal Partners LLC.

3. Council Approves Pinch Building Permit Moratorium -

Memphis City Council members approved a 120-day moratorium Tuesday, July 7, on new building permits in the Pinch District as they also approved a planned development Downtown.

The moratorium proposed by councilman Berlin Boyd allows the council to grant waivers on a case-by-case basis during the four-month period. During that time, the Memphis-Shelby County Office of Planning and Development will come up with suggested guidelines for future development of the district bordering The Pyramid.

4. Council Approves Moratorium on Pinch Building Permits -

Memphis City Council members approved a 120-day moratorium Tuesday, July 7, on new building permits in the Pinch District as they also approved a planned development Downtown.

The moratorium proposed by councilman Berlin Boyd allows the council to grant waivers on a case-by-case basis during the four-month period. During that time, the Memphis-Shelby County Office of Planning and Development will come up with suggested guidelines for future development of the district bordering The Pyramid.

5. Colorado-Based Summit Wealth Group Expands to Memphis -

Randy Morris' Colorado-based independent wealth management firm Summit Wealth Group has grown at a steady clip over the last several years, and its new entry into the Memphis market shows that trend isn't slowing.

6. Council Approves Pinch Moratorium, Delays Vote On Civilian Police Review Board -

Memphis City Council members approved a 120-day moratorium Tuesday, July 7, on new building permits in the Pinch district as they also approved a planned development in the Downtown district.

The moratorium proposed by council member Berlin Boyd allows the council to grant waivers on a case-by-case basis during the four-month period. During the fourth months, the Memphis-Shelby County Office of Planning and Development will come up with some suggested guidelines for future development of the district that borders the reactivated Pyramid.

7. Council Approves Pinch Moratorium, Delays Vote On Civilian Police Review Board -

Memphis City Council members approved a 120-day moratorium Tuesday, July 7, on new building permits in the Pinch district as they also approved a planned development in the Downtown district.

The moratorium proposed by council member Berlin Boyd allows the council to grant waivers on a case-by-case basis during the four-month period. During the fourth months, the Memphis-Shelby County Office of Planning and Development will come up with some suggested guidelines for future development of the district that borders the reactivated Pyramid.

8. Council Approves Pinch Moratorium, Delays Vote On Civilian Police Review Board -

Memphis City Council members approved a 120-day moratorium Tuesday, July 7, on new building permits in the Pinch district as they also approved a planned development in the Downtown district.

The moratorium proposed by council member Berlin Boyd allows the council to grant waivers on a case-by-case basis during the four-month period. During the fourth months, the Memphis-Shelby County Office of Planning and Development will come up with some suggested guidelines for future development of the district that borders the reactivated Pyramid.

9. Ikea Seeks $16 Million Permit For First Memphis Store -

Future Ikea Store
On 42 Acres In Cordova
Permit Cost: $16 million

Application Date: July 2015
Owner/Tenant: Ikea
Details: Ikea is moving forward with its massive retail store in Cordova.

10. 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.

11. Bonnaroo Success ‘Testament to the Community’ -

Knoxville music promoter Ashley Capps – a big part of the brain trust that created Bonnaroo – really never needed the media to make the annual music and arts festival a success.

12. 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.

13. 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.

14. 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.

15. Shelby County Commercial Sales Dip in October -

Shelby County recorded 90 commercial sales in October, down 4 percent from 94 commercial sales recorded in October 2013, according to real estate information company Chandler Reports, www.chandlerreports.com.

16. Elvis Presley Enterprises Seeks $70 Million Building Permit for Hotel -

3600 Elvis Presley Blvd.
Memphis, TN 38116
Permit Amount: $70 million

17. Highland Row Developer Applies for $6.7 Million Permit -

387 S. Highland St.
Memphis, TN 38111
Permit Amount: $6.7 million

Project Cost: $61 million
Application Date: November 2014
Engineer: Jordan & Skala Engineers
Details: Indianapolis-based developer Milhaus Ventures has applied for another building permit for the long-awaited Highland Row project near the University of Memphis.

18. Sprouts Farmers Market Applies for Building Permit -

3150 Village Shops Drive
Germantown, TN 38138

Project Cost: $1.5 million

Applied: Oct. 14, 2014

19. McNeill Files Loans for Medical Office Park -

McNeill Commercial Real Estate, operating as Wolf River Kimbrough Partners, has filed two loans totaling $4 million for a planned medical office park.

McNeill filed for the loans with Financial Federal, according to two Oct. 1 commercial deeds of trust. Spence Ray of McNeill signed both deeds of trust.

20. McNeill Seeks Permits for Germantown Medical Offices -

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

21. McNeill Files Loans for Medical Office Park -

McNeill Commercial Real Estate, operating as Wolf River Kimbrough Partners, has filed two loans totaling $4 million for a planned medical office park.

McNeill filed for the loans with Financial Federal, according to two Oct. 1 commercial deeds of trust. Spence Ray of McNeill signed both deeds of trust.

22. 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.

23. 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.

24. Coalition Works to Preserve Nashville's Music Row -

NASHVILLE (AP) – With development squeezing Nashville's famous Music Row, some in the music industry say time is running out to preserve the district's character and the studios where the Music City's iconic sounds were born.

25. Hot Yoga Plus Expands in Memphis -

Hot Yoga Plus, a Nashville-based yoga concept, is opening a second Memphis area location.

Hot Yoga Plus, founded by Memphian Susannah Herring, has signed a 2,015-square-foot lease at 9037 Poplar Ave. in Germantown. The new store is expected to open this fall and follows the original Memphis location in Laurelwood.

26. Hot Yoga Plus Expands in Memphis -

Hot Yoga Plus, a Nashville-based Yoga concept, is opening a second Memphis area location.

Hot Yoga Plus, founded by Memphian Susannah Herring, has signed a 2,015-square-foot lease at 9037 Poplar Ave. in Germantown. The new store is expected to open this fall and follows the original Memphis location in Laurelwood.

27. Steffner Adds SIOR Role to Real Estate Resume -

Since Joe Steffner opened his own commercial real estate firm 10 years ago, the industry veteran has had a front row seat to some wild changes in the industry.

He experienced everything from the boom days of the early- and mid-2000s to the depths of the recession and its crushing aftermath as the decade ended.

28. Start Co. Graduates Newest Batch of Startups -

This week’s Start Co. Demo Day, which brought together more than 500 people involved in the local ecosystem including entrepreneurs, mentors and investors, saw teams presenting their startup ideas in the hopes of securing funding and taking their concepts to the next level.

29. Developer Files Permit for Graceland-Area Hotel -

3411 Elvis Presley Blvd.
Memphis, TN 38116
Permit Cost: $3.5 million

30. Developer Tries Again for Highland McDonald’s -

The developer behind a proposed McDonald’s on Highland Avenue near the University of Memphis is making another attempt at the project.

According to the most current site plan, the 5,353-square-foot restaurant building is situated along the sidewalk on Highland and a looping drive-thru proposed earlier has been replaced with one that runs along the eastern side of the building.

31. New York Firm Buys Retirement Community -

996 Cherry Road
Memphis, TN 38117
Sale Amount: $12.9 million

Sale Date: July 30, 2014
Buyer: GFTV Audubon Owner LLC
Seller: TV Memphis LP
Loan Amount: $23.5 million
Loan Date: July 30, 2014
Maturity Date: N/A
Lender: Grandbridge Real Estate Capital LLC
Details: An affiliate of New York-based Garrison Investment Group has paid $12.9 million for the 176-unit Town Village Audubon Park retirement community at 950 Cherry Road in East Memphis.

32. Forest Hill Technology Center Sells for $5.2 Million -

3860 Forest Hill-Irene Road
Germantown, TN 38125
Sale Amount: $5.2 million

Sale Date: March 31, 2014
Buyer: 3860 Forest Hills Irene LLC
Seller: BACM 2007-1 Irene Road LLC
Loan Amount: $5.6 million
Loan Date: April 17, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA

33. Forest Hill Technology Center Sells for $5.2 Million -

An affiliate of Nashville-based real estate investment company Anchor Investments LLC has paid $5.2 million for the Forest Hill Technology Center at 3860 Forest Hill-Irene Road in Germantown.

34. 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.

35. Developers Amend Highland Row Plan -

Developers of the Highland Row mixed-use development by the University of Memphis are taking an amended plan for the project to the Land Use Control Board Thursday, Feb. 13.

The new plan calls for less retail and commercial uses and more residential development.

36. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

37. Belz Sells Shelby Oaks EnSafe Center for $910,000 -

5710-5730 Summer Trees Drive
Memphis, TN 38134
Sale Amount: $910,000

Sale Date: Jan. 10, 2014
Buyer: EnSafe Inc.
Seller: BICO Associates GP
Details: An affiliate of Belz Enterprises has sold the five-building Shelby Oaks EnSafe Center office complex on Summer Trees Drive in Northeast Memphis for $910,000.

38. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

39. Cordova Creek Apartments Sell for $12.5 Million -

1175 N. Germantown Parkway
Memphis, TN 38016
Sale Amount: $12.5 million

40. Shopping Center Group Moving to New Office -

The Shopping Center Group LLC is moving to a new office.

The Memphis office of the Atlanta-based retail real estate brokerage firm, which leases a total of approximately 4 million square feet of retail space and represents 100 retailers, is moving from 773 E. Brookhaven Circle to 5101 Wheelis Drive, Suite 106, at Clark Centre.

41. Memphis Core Center Sells for $14.3 Million -

The Memphis Core Center warehouse at 4250 E. Shelby Drive in Oakhaven has traded hands for $14.3 million.

42. Ruby Tuesday Sells Bartlett Lots for $1.1 Million -

8348 U.S. 64
Bartlett, TN 38133
Sale Amount: $1.1 million

Sale Date: Dec. 5, 2013

Buyer: 64 Kate Hyde Partners

43. CubeSmart Sells Storage Facility for $7.9 Million -

2700 Poplar Ave.
Memphis, TN 38112
Sale Amount: $7.9 million

Sale Date: Nov. 4, 2013
Buyer: WCP/DSSH Holdings 16 LLC
Seller: CubeSmart LP
Details: Wayne, Va.-based self-storage real estate investment trust CubeSmart LP has sold the U-Store-It facility at 2700 Poplar Ave. in the 38112 ZIP code for $7.9 million.

44. Campus Connections -

The University of Memphis is in the early stages of updating its campus master plan, and it will seek input from its neighbors as it moves into its next century of higher education.

The U of M has hired the Smith Group JJR of Ann Arbor, Mich., to lead the effort with Memphis-based LRK Inc. serving as the local partner.

45. Influence1 Files $2.6 Million Loan for Former Bishop Byrne -

1475 E. Shelby Drive
Memphis, TN 38116
Loan Amount: $2.6 million

Loan Date: Aug. 23, 2013
Maturity Date: Aug. 23, 2024
Borrower: The Influence1 Foundation
Lender: Regions Bank
Details: The Influence1 Foundation, the Memphis-based organization that bought the former Bishop Byrne High School in June, has filed a $2.6 million loan on the property, at 1475 E. Shelby Drive in Whitehaven.

46. Henry Turley Co. Files Permits for South Junction -

727 E. Mann Circle; 726. E. Mann Circle; 725 W. Mann Circle; 35 W. Georgia Ave.; 649 Florida St.; 18 W. Carolina Ave.; 9 E. Carolina Ave.
Memphis, TN 38103
Permit Costs: $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.4 million

47. Henry Turley Co. Files Permits for South Junction -

A development group led by Henry Turley Co. has filed a series of building permits totaling $10.4 million for the 197-unit South Junction apartments Downtown.

48. Change of Scenery -

After spending years or decades in their current form, longtime staples of the local real estate scene are about to disappear or undergo major changes that will forever alter the city’s built landscape.

49. Red Carpet Tour Courts Site Selectors -

Site selection experts from six nationally known firms got a “red carpet tour” from the Greater Memphis Chamber Wednesday, June 5, in a recruitment effort that included a look at the industrial infrastructure of the Memphis area.

50. Tennessee Receives Grant for Workforce Development -

The Tennessee Department of Labor and Workforce has announced the United States Department of Labor awarded the state $697,963 for exceeding all performance goals that were set for the state’s workforce development and education activities.

51. Boyle Celebrates 80 Years, Sponsors Art Exhibit -

Boyle Investment Co. turns 80 this year, and has partnered with the Memphis Brooks Museum of Art to celebrate.

52. Vaco Memphis Adds Two Divisions -

Vaco has added two new divisions to its Memphis office, growth partners of the consulting and placement firm say is an organic extension of its service offerings.

Vaco – a Nashville-based staffing firm that provides candidates for positions in finance, accounting, technology and logistics – has recently launched a new division, Vaco Operations, which will be focused on recruiting human resources, sales, marketing and executive assistants.

53. 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.

54. Quince Fred’s Super Dollar Sells for $2.1 Million -

6500 Quince Road, Memphis, TN 38119

Sale Amount: $2.1 million

Sale Date: Jan. 18, 2013

55. BenchMark to Relocate, Restructure -

BenchMark at Southwind Realtors LLC will soon relocate its Southeast Memphis office, add agents, integrate technology into its business practices and go paperless in one fell swoop.

56. Realty Income Corp. Buys Herbalife Facility -

5025 Crumpler Road Memphis, TN 38141

Sale Amount: $16.6 million

57. Brooks Brothers Relocating to Saddle Creek -

High-end clothier chain Brooks Brothers plans to open a new location at The Shops of Saddle Creek West in Germantown.

The New York City-based retailer will open in 7,500 square feet of space at 7509 Poplar Ave. by early June, taking over the two suites formerly occupied by Indigo and Talbots Men’s. Indigo last month relocated and expanded two spaces down into the old Natural Body Spa & Shoppe space.

58. Rheumatology Clinic Buys Germantown Office Building -

7660 Poplar Pike Germantown, TN 38138

Sale Amount: $986,850

Sale Date: Nov. 14, 2012

59. I-Bank Tower on Poplar Sells for $14.4 Million -

5050 Poplar Ave. Memphis, TN 38117

Sale Amount: $14.4 million

Sale Date: Sept. 14, 2012

60. Broadway Pizza Buys Building for East Memphis Expansion -

627 S. Mendenhall Road Memphis, TN 38117

Sale Amount: $365,000

Sale Date: Sept. 13, 2012

61. Hollingsworth Files Loan on Shelby Drive Facility -

Clinton, Tenn.-based Hollingsworth Capital Partners – Memphis LLC has filed a $2.3 million loan on the industrial property at 4250 E. Shelby Drive.

62. Growth Streak -

Andrew Holliday and Daniel Brown, the founding partners of Memphis-based branding and marketing firm Harvest Creative, used to joke about one day making the Inc. 500|5000, the list published each year by Inc. Magazine that honors the fastest-growing private companies in the U.S.

63. Herbalife Plans to Expand Memphis Distribution Center -

5025 Crumpler Road
Memphis, TN 38141

Permit Cost: $4.8 million

Permit Date: Applied August 2012

64. Biz License Filings Rise in Q2 -

The number of business licenses filed with the Shelby County Clerk’s office increased 2.7 percent to 1,397 in the second quarter of 2012 from 1,360 for the same period last year, according to The Daily News Online, www.memphisdailynews.com.

65. $7.5 Million Permit App Filed for Fieldstone Apts. -

7986 Tournament Drive
Memphis, TN 38125

Permit Cost: $7.5 million

Permit Date: Applied May 2012

Owner: Fieldstone Apartments III Co.

Contractor: Patton & Taylor Construction Co.

66. Former Mall Acreage to be Industrial Development -

Acreage on Former
Mall of Memphis Site

Sale Amount: $2.7 million

Sale Date: April 18, 2012

Buyer: Memphis Industrial Properties LLC

67. Construction Loan Filed To Develop Lamar Crossing -

2881 Lamar Ave.
Memphis, TN 38114

Loan Amount: $5.4 million

Loan Date: March 1, 2012

68. Former Cleo Site Sells For $2.6M -

A Memphis-based buyer has bought more than 1 million square feet formerly occupied by Cleo Inc. gift-wrapping company in Airport Industrial Park Section A for less than two-thirds of the listing price.

69. Multipurpose Bldg. Planned for Soulsville Charter School -

1115 College St.
Memphis, TN 38106
Permit Cost: $4 million

Permit Date: Applied February 2012
Owner: The Soulsville Foundation
Tenant: The Soulsville Foundation
Details: The Soulsville Foundation has filed a $4 million building permit application with the city-county Office of Construction Code Enforcement for a 15,000-square-foot, one-story, multipurpose building at The Soulsville Charter School.

70. City Files $12M Permit Application For Mitsubishi Plant Infrastructure -

2865 Riverport Road
Memphis, TN 38109

Permit Cost: $12.1 million

Permit Date: Applied January 2012

71. Trane Signs Lease on Tradeport Drive -

Trane U.S. Inc. has finalized its 625,000-square-foot industrial lease in Southeast Memphis after the deal process initially began in January 2011.

72. Trinity Ridge Business Ctr. Sells for $7.6 Million -

7730 Trinity Road, 7740 Trinity Road, 7750 Trinity Road, 7760 Trinity Road and 7866 Trinity Road
Cordova, TN 38018
Sale Amount: $7.6 million

73. Preserve at Southwind Apts. Sell for $22.2 Million -

7991 Capilano Drive
Memphis, TN 38125
Sale Amount: $22.2 million

Sale Date: Oct. 12, 2011

74. Davidson Hotels Relocating to Atlanta -

Officials with Davidson Hotels & Resorts, one of the nation’s largest independent hotel management companies, announced Monday, Oct. 17, the company will relocate its headquarters from Memphis to Atlanta.

75. Davidson Hotels Relocating to Atlanta -

Officials with Davidson Hotels & Resorts, one of the nation’s largest independent hotel management companies, announced Monday, Oct. 17, the company will relocate its headquarters from Memphis to Atlanta.

76. Airport Hotel, Conference Center Sells for $4.4M in Foreclosure -

2240 Democrat Road
Memphis, TN 38132
Sale Amount: $4.4 million

Sale Date: July 22, 2011

77. Waterford Place Apartments Sells in Foreclosure for $18.2M -

Waterford Place Apartments at 8037 Waterford Circle in Southeast Shelby County’s 38125 ZIP code has sold for $18.2 million in a substitute trustee’s sale following a foreclosure. The complex sold May 11 but wasn’t recorded by the Shelby County Register of Deeds until this week.

78. CRE Sales Increase 20 Percent In June -

Local commercial real estate sales improved in all categories last month, strongly aided by two big-ticket multifamily sales.

Shelby County saw 53 CRE sales in June, a 20 percent increase from 44 sales in June 2010, and a 4 percent boost from 51 in May, according to the latest information from real estate information company Chandler Reports, www.chandlerreports.com.

79. LensRentals.com Moves Into Trinity Ridge -

A local camera- and lens-rental company is expanding into a significant amount of space in the already tight Northeast submarket.

LensRentals.com has signed a 16,800-square-foot lease in Cordova’s Trinity Ridge Business Center, 7730 A Trinity Road, suite 110.

80. Ga.-Based Coastal Logistics Signs Lease -

A budding Savannah, Ga.-based third-party logistics firm is expanding into the Southeast Memphis industrial market. Coastal Logistics Group Inc. has signed a new 50,000-square-foot lease at 5715 Distribution Drive.

81. MEPPI Buys Rivergate Park Acreage For Transformer Plant -

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

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

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

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

83. Rescue Groups Team Up to House Displaced Pets -

Wednesday morning for Mid-South animal responders began with the rescue of a domestic cat, one of roughly 40 local animals rescued from floodwaters since a coalition of rescue groups arrived in the Mid-South about two weeks ago.

84. Events -

The Alliance for Nonprofit Excellence will hold a workshop Wednesday from 8:30 a.m. to noon at its office, 5100 Poplar Ave., suite 502. Participants will increase understanding of key ethical issues faced by nonprofit leaders and learn approaches to practice and model ethical leadership. Cost is $60 for members, $110 for nonmembers and $55 for those in the Program for Nonprofit Excellence. For more information, call 684-6605 or visit www.npexcellence.org.

85. Electrolux Officials Sign Downtown Office Lease -

Before it builds a new manufacturing plant at Frank C. Pidgeon Industrial Park, Electrolux will set up shop in Memphis with a Downtown office.

The Swedish appliance maker has signed a 14,000-square-foot lease at One Commerce Square, 40 S. Main St., where it will occupy the building’s entire 24th floor.

86. Air Park Property Sells For $730,000 -

Crump Commercial LLC recently closed on a property at 3850 Air Park St., a deal that has been in the works for about six months.

87. The Law of Attraction -

The state of Tennessee is basking in the glow of its growing reputation as a top destination for companies following a myriad of accolades for its favorable and welcoming business climate.

While Chief Executive magazine ranked the Volunteer State the nation’s third best for business, Southern Business & Development magazine named Tennessee its State of the Year.

88. Boyle Investment Files Loan on Ridgeway Center Office Building -

889 Ridge Lake Boulevard
Memphis, TN 38120
Loan Amount: $6.9 Million

Loan Date: July 19, 2010
Maturity Date: Jan. 1, 2020
Borrower: Boyle-889 RLB Partnership
Lender: Woodmen of the World Life Insurance Society

89. After Trading Hands, Marina Cove Now Ready for Redevelopment -

5505 Winchester Road
Memphis, TN 38115
Sale Amount: $1.6 Million

Sale Date:July 15, 2010
Buyer:The Power Center Community Development Corp.
Seller:Water Gardens LLC (in dissolution), and Optimal Partners LLC and National Community Development Association Inc. (which constitutes all members of Water Gardens LLC since its dissolution)

90. Fundraising Consultants Set Up Memphis Office -

The fundraising firm of Saad & Shaw has established an office in Memphis because of the city’s central location and vibrant nonprofit community.

The two principals of the firm, Melvin Shaw and Pearl Saad Shaw, are now based in Memphis. They will also keep an office in Oakland, Calif., where they started the business.

For Melvin Shaw, the move means he has come back home. He grew up in Dixie Homes, taught at E.A. Harrold Elementary School and owned a small business in the city before he began working for the United Negro College Fund followed by founding his own consulting firm.

His wife and business partner, Pearl Shaw, said the move will allow them to grow an already impressive list of clients.

The clients they have served include Kaiser Permanente Department of Research, the Coalition for a Safe Environment, the Women’s Funding Network, San Francisco Library Foundation, North Carolina A&T University and several other colleges.

“We’re not seeking to just serve Memphis,” said Pearl Shaw. “It’s a jumping-off spot. We can get anywhere in the Southeast. We can get up to New York. Memphis is just centrally located. We can be of service here and we can continue to grow.”

The couple is looking to expand their Memphis network beyond clients they have worked for in the Mid-South, including LeMoyne-Owen College and Lane College in Jackson, Tenn. They set up an office in the city about six weeks ago.

Melvin Shaw started his consulting firm in 1993, then merged it with one founded by Pearl Saad Shaw when the two became business and life partners. The couple met while working on a fundraising campaign.

During his time as vice president of marketing for the United Negro College Fund, he established the Lou Rawls Telethon.

“I came out of the private sector,” said Pearl Shaw. “I had worked for a biotechnology company. I had also worked for a software development company doing business development. From there, I transferred into the nonprofit sector. I worked with a major women’s college, Mills College.”

Although they have specialized in helping colleges raise money, about 30 percent of their firm’s business is with smaller, traditional nonprofit organizations. They also work with companies and corporations on cause marketing campaigns.

The Shaws have a national network of connections, but they said their clients should grow their own base of supporters.

“We don’t come with a rolodex,” Melvin Shaw said. “I know a lot of firms will say we know the Rockefellers, we know Bill Cosby, We know Oprah Winfrey, blah, blah, blah. No, we know nobody. But what we do is

provide you with the training and the development and the capacity so that on your own and with your own connections you can reach out to those people who can make a difference.”

The firm stresses fundamental goals to nonprofit agencies. The firm's website is www.saadandshaw.com and has a blog that offers free advice to the nonprofit community.

...

91. The Cost of Progress -

The development of Norfolk Southern Corp.’s $112 million intermodal yard on a former cattle ranch in Fayette County has polarized the community for more than a year.

92. Frequent Flier -

Memphis Mayor A C Wharton Jr. is quickly evolving into a virtual one-man chamber of commerce.

In between putting out political brushfires, mapping out an ambitious city agenda and holding town halls with voters, the mayor also has spent much of his first three months glad-handing national businesses and political leaders.

93. Commercial Sales Close 2009 on High Note -

Shelby County’s commercial real estate market saved its best for last in 2009, as the final month registered the highest sales total and largest dollar volume all year.

Not only that, but December marked the first year-over-year increase for a month during 2009 and the first year-over-year increase for a month since December 2007.

94. Sale Could Bring Improvements To Bella Vista -

Like many projects companies launched before the recession hit, the plan for rejuvenating the 432-unit Bella Vista Apartment Homes in Hickory Hill began with such promise.

In March 2007, a newly formed company, Maple Creek Advisors LLC of Dallas, made its first multifamily acquisition with plans to invest $4 million of renovations in the property.

95. In-Rel Buys Former Comcast Building, Renames it “Quince Centre” -

6555 Quince Road
Memphis, TN 38119
Sale Amount: $5 million
Sale Date: Dec. 7, 2009

Buyer: 6555 Quince Building Owner LLC
Seller: BACM 2000-2 Quince Road LLC
Loan Amount: $3.1 million
Loan Date: Dec 7, 2009
Maturity Date: N/A
Lender: Insbank

96. In-Rel Closes On Quince Office Building -

In-Rel Management Inc. has bought the 123,924-square-foot office building at 6555 Quince Road in the Quince/Ridgeway area of Southeast Memphis for $5 million in a special warranty deed.

97. Tunica's New Cash Crop? -

When Xiaolin “Charles” Wang was introduced at an October press conference announcing plans to build a $1 billion hybrid automotive plant in Tunica County, he was described by the emcee as a man who “dreams big and drives fast.”

98. Grand Island Files Permit For Mud Island Apartment Complex -

300 Grand Island Drive
Memphis, TN 38103
Permit Amount: $12.1 Million

Project Cost: $19 million
Permit Date: Applied November 2009
Completion: 2012
Owner: Grand Island Partners
Tenant: Grand Island
Contractor: Keith and David Grant Homes LLC
Architect: MMH Hall Architects and Planners Inc.

99. Building Permit Brings Wally Joe Restaurant Closer to Reality -

690 S. Perkins Road
Memphis, TN 38117
Permit Amount: $800,000

Project Cost: $800,000
Permit Date: Applied October 2009
Completion: Summer 2010
Owner: Wally Joe Realty LLC
Tenant: TBA
Contractor: Day Construction LLC
Architect: Doug Enoch

100. Commercial Real Estate Pocked by Financial Ruins -

Commercial real estate deals used to be hammered out in boardrooms, but with the rise of foreclosures in that sector, many of them are now being negotiated at the courthouse.

The steps of the Shelby County Courthouse proved to be a hot spot for high-dollar, high-profile commercial deals in June, a month that saw the most lucrative transaction and two of the top three sales occur following foreclosures.