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Editorial Results (free)

1. Hook, Line & Sinker -

In May, when the first guests at Big Cypress Lodge inside The Pyramid open the French doors in their rooms, they’ll be able to walk onto a patio overlooking the sprawling interior of the Bass Pro Shops store and attraction, including a re-creation of Delta cypress swamp and 600,000 gallons of water features.

2. TGI Fridays Franchisee Buys 3 Local Restaurants -

A New Orleans-based restaurant group has acquired three local TGI Fridays restaurants.

Southeast Restaurant Group bought the restaurants at 8325 U.S. 64, 7733 Winchester Road and 176 Goodman Road in Southaven, part of a broader 20-restaurant deal.

3. Harold Ford Funeral Home Files Construction Loan -

1670 Sycamore View Road
Memphis, TN 38134
Loan Amount: $2.6 million

Loan Date: Sept. 4, 2014
Maturity Date: N/A
Borrower: Harold Ford Sycamore View LLC and Serenity Columbarium and Memorial Gardens LLC
Lender: Regions Bank
Details: The Harold Ford Funeral Chapel at 1670 Sycamore View Road in Northeast Memphis has filed a $2.6 million construction loan on the property.

4. Harold Ford Funeral Home Files Construction Loan -

The Harold Ford Funeral Chapel at 1670 Sycamore View Road in Northeast Memphis has filed a $2.6 million construction loan on the property.

5. Developers Swing, Miss in Attempt to Buy Prime Germantown Locale -

The first time I stepped into this mustard-yellow building at 300 Jefferson Street to ask how it felt to have the Nashville Sounds moving in across the street, Wayne Woelk, 50, was having a heart attack.

6. Dallas Company Buys Macon Road Center -

6100 Macon Road
Memphis, TN 38134
Sale Amount: $1.2 million

Sale Date: March 26, 2014
Buyer: PNL Cumberland LLC
Seller: Flagstar Bank FSB
Loan Amount: $862,500
Loan Date: April 1, 2014
Maturity Date: N/A
Lender: Pinnacle Bank
Details: An affiliate of Dallas-based The PNL Cos. has paid $1.2 million for the 30,000-square-foot shopping center at 6100 Macon Road in Northeast Memphis.

7. Dallas Company Buys Macon Road Center -

An affiliate of Dallas-based The PNL Cos. has paid $1.2 million for the 30,000-square-foot shopping center at 6100 Macon Road in Northeast Memphis.

8. Truse Parkway Outparcel Sells for $3.1 Million -

An 8,650-square-foot retail outparcel at 780 Truse Parkway, at its intersection with Poplar Avenue, has sold for $3.1 million.

9. Grisham Thriller Smacks of Dickens -

At the pretrial conference, big-city lawyer Wade Lanier does an “evidence dump.” His witness list includes 45 people not previously disclosed in discovery. Local lawyer Jake Brigance moves for a continuance. Lanier says that with two weeks remaining before trial, there’s plenty of time for Jake to call these folks. Judge Reuben Attlee denies the motion. What will Jake do?

10. Galvanizing Company Files Permit for Facility -

3328 Fite Road
Millington, TN 38053
Permit Cost: $1.9 million

Project Cost: N/A
Permit Date: Applied March 2014
Completion: N/A
Owner: 3328 Fite LLC
Tenant: 3328 Fite LLC
Architect: N/A
Contractor: N/A
Details: An affiliate of Columbus, Ohio-based “hot dip galvanizing” company Voigt & Schweitzer LLC plans to construct a 63,120-square-foot facility near Millington.

11. Nolan AV Files Loan on Shelby Oaks Facility -

Longtime audio-visual company Nolan AV has filed a $1 million loan on its industrial facility at 6225 Shelby Oaks Drive in Northeast Memphis.

12. SCS Attendance Zone Proposal Affects 7,000 Students -

Shelby County Schools board members got their first detailed look Wednesday, Feb. 19, at a set of more than two dozen changes in student attendance zones in the 2014-2015 school year that could affect nearly 7,000 students in the school system.

13. Former Motel 6 Sells for $1.4 Million -

1321 Sycamore View Road
Memphis, TN 38134
Sale Amount: $1.4 million

Sale Date: Jan. 13, 2014
Buyer: P & S Hospitality LLC
Seller: G6 Hospitality Property LLC
Loan Amount: $1.1 million
Loan Date: Jan. 14, 2014
Maturity Date: N/A
Lender: Argent Bank
Details: The former Motel 6 at 1321 Sycamore View Road in Northeast Memphis has traded hands for $1.4 million.

14. Former Motel 6 Sells for $1.4 Million -

The former Motel 6 at 1321 Sycamore View Road in Northeast Memphis has traded hands for $1.4 million.

15. Meadows Apartments Sell for $9 Million -

The 200-unit Meadows Apartments at 5580 Raleigh-LaGrange Road in Northeast Memphis have sold for $9 million.

RCP Meadows LLC, an affiliate of New York-based RCP General Inc., bought the multifamily property in a Jan. 10 special warranty deed from SCA Meadows LP.

16. 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.

17. Owner Files Loan on Summer Avenue Walgreens -

The owner of the Walgreens drugstore at 5828 Summer Ave. (U.S. 70) in Northeast Memphis has filed a $4.7 million loan on the property.

18. Building Capacities -

Major road and highway projects like the Interstate 269 loop, I-40/240 and the Mallory Road interchange near Frank Pigeon Industrial Park made substantial progress during 2013, with several phases of important transportation corridors wrapping up and new projects planned for 2014 and beyond.

19. Bartlett Heights Apartment Complex Sells for $5 Million -

The 173-unit Bartlett Heights Apartments at 6128 Stage Road near Elmore Park Road in Bartlett has sold for $5 million. A company called Sycamore Lakes bought the Class C multifamily property in a Dec. 12 special warranty deed from multiple sellers.

20. 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

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

Ruby Tuesday Inc. has sold two vacant lots at 8348 U.S. 64, also known as Stage Road, in Bartlett for $1.1 million.

22. Embassy Suites Memphis Sells for $24.8 Million -

1022 S. Shady Grove Road
Memphis, TN 38119
Sale Amount: $24.8 million

Sale Date: Nov. 15, 2013
Buyer: 1022 South Shady Grove LLC
Seller: 1022 Shady Grove LLC
Loan Amount: $22.6 million
Loan Date: Nov. 15, 2013
Maturity Date: N/A
Lender: Great American Life Insurance Co.
Details: An affiliate of Chicago-based hotel asset manager Lodging Capital Partners LLC has paid $24.8 million for the Embassy Suites Memphis hotel at 1022 S. Shady Grove Road in East Memphis.

23. Macon Cove Fairfield Inn Sells for $2.3 Million -

Minesh Patel of Memphis has paid $2.3 million for the 63-room Fairfield Inn & Suites at 6010 Macon Cove in Northeast Memphis.

24. Connection Complete -

State and local officials will cut the ribbon on the last piece of Tenn. 385 on the morning of Friday, Nov. 22, and the eight-mile stretch of road will open to motorists later in the day.

The roughly eight-mile section between Macon Road and Tenn. 57 in Piperton is the final piece of a nearly 50-mile route that travels from Millington through Arlington and south through Fayette County and into Collierville before linking back to Interstate 240 in the city of Memphis. Work on the $74 million section began in November 2009.

25. Former Drury Inn Sells for $4.1 Million -

The 118-room former Drury Inn & Suites motel at 1556 Sycamore View Road in Northeast Memphis has sold for $4.1 million.

26. Yuletide Office Solutions Adapts to Changing Industry -

Paperless office. It’s a phrase to strike fear in the heart of any office supply provider. “I used to sell ‘While You Were Out’ pads in the two-part books every day,” said Chris Miller, president of Yuletide Office Solutions. “I might sell a dozen ‘While You Were Out’ pads once every three months now.”

27. Yuletide Office Solutions Adapts to Changing Industry -

Paperless office. It’s a phrase to strike fear in the heart of any office supply provider.

“I used to sell ‘While You Were Out’ pads in the two-part books every day,” said Chris Miller, president of Yuletide Office Solutions. “I might sell a dozen ‘While You Were Out’ pads once every three months now.”

28. Reconfigured Interchange To Improve Traffic Flow -

Phase II of substantial improvements are about to begin on the Interstate 40/240 interchange in East Memphis that will address the expected traffic increase in this area for decades to come. The average daily traffic (ADT) on I-40 has grown from 49,000 vehicles in 1985 to about 200,000 vehicles a day in 2013. By 2035, projections show the interchange could be handling well over 350,000 vehicles.

29. Campbell Clinic Pays $3.2 Million for Surgery Center -

255 Dr. Martin Luther King Jr. Memphis, TN 38104
Sale Amount: $3.2 million

30. Sycamore Lakes Apartments Sells for $9 Million -

The 353-unit Sycamore Lakes apartment complex at 2174 Raleigh-LaGrange Road in Raleigh has sold for $9 million.

An entity called Sycamore Lake Property Owner LLC bought the sprawling complex in an Oct. 1 special warranty deed from Sycamore Lakes, successor to Sycamore Lakes LLC. A quitclaim deed, in which Robert F. Fogelman transferred the property to the seller, preceded the sale.

31. Nike Files $4.3 Million Permit for Frayser Facility -

3100 New Frayser Blvd.
Memphis, TN 38128
Permit Cost: $4.3 million

Project Cost: $301 million
Permit Date: Applied September 2013
Completion: TBA
Owner: Nike Inc.
Tenant: Nike Inc.
Architect: N/A
Contractor: Wynright Corp.
Details: Nike Inc. has filed a $4.3 million building permit with the city-county Office of Construction Code Enforcement for work on its North Memphis distribution center at 3100 New Frayser Blvd.

32. Owner Files $16.9 Million Loan on River Trace Apartments -

The owner of the 440-unit River Trace Apartment Homes, at 2165 E. River Trace Drive near Bartlett, has filed a $16.9 million loan on the property.

33. Democrats ‘Roast’ Herenton, Look Ahead to 2014 -

Divisions within the local Democratic party took a backseat over the weekend as the Shelby County Democratic Party held the first of two large fundraisers for the 2014 election year.

But the look back for the party came with some advice for the future.

34. New Model Brings Ford Back to Funeral Business -

Memphis political icon Harold Ford Sr. is changing careers again. In this case, it is a return to the Ford family business for the 11-term U.S. representative, who has been a Washington consultant and lobbyist since he opted not to seek re-election in 1996.

35. Conservancy Wants Guarantees on Shelby Farms Parkway -

The Shelby Farms Park Conservancy wants to see more work toward agreements about a proposed Shelby Farms parkway, including no big-rig truck traffic, that are its conditions for agreeing to the long-discussed road.

36. Conservancy Wants Guarantees on Shelby Farms Parkway -

The Shelby Farms Park Conservancy wants to see more work toward agreements about a proposed Shelby Farms parkway, including no big-rig truck traffic, that are its conditions for agreeing to the long-discussed road.

37. Shelby Farms Parkway Hearings Continue -

Tennessee transportation officials return Tuesday, Sept. 24, to the topic of a parkway through Shelby Farms Park.

38. Oklahoma Hotel Group Buys Baymont Inn -

6020 Shelby Oaks Drive
Memphis, TN 38134
Sale Amount: $2.1 million

Sale Date: Aug. 6, 2013
Buyer: Champion Regional Development LLC
Seller: BRE/LQ Properties LLC
Loan Amount: $2.1 million
Loan Date: Aug. 7, 2013
Maturity Date: N/A
Borrowers: Sunny Management LLC; KNSB LLC; Jansa LLC
Lender: InterBank
Details: An affiliate of Oklahoma City-based Champion Hotels has paid $2.1 million for the 103-room Baymont Inn & Suites Memphis East hotel at 6020 Shelby Oaks Drive in Northeast Memphis.

39. Oklahoma Hotel Group Buys Baymont Inn -

An affiliate of Oklahoma City-based Champion Hotels has paid $2.1 million for the 103-room Baymont Inn & Suites Memphis East hotel at 6020 Shelby Oaks Drive in Northeast Memphis.

40. Barnhart Buys Industrial Property for Expansion -

2085 W. E. Freeman Drive
Memphis, TN 38114

Sale Amount: $2.6 million

Sale Date: June 27, 2013

Buyer: Barnhart Crane and Rigging Co.

41. Holmes Road Church Trades Hands for $1.8 Million -

The LaBelle Haven Baptist church at 6825 E. Holmes Road in Hickory Hill has been sold for $1.8 million.

42. Sycamore View Starbucks Sells for $1.1 Million -

The Starbucks coffee shop at 1615 Sycamore View Road in Northeast Memphis has sold for $1.1 million.

43. Former Ike’s on Summer Sells for $2.7 Million -

4569 Summer Ave. Memphis, TN 38122

Sale Amount: $2.7 million

Sale Date: May 17, 2013

44. Ford Files Trust Deed for Sycamore View Property -

Former U.S. Rep. Harold Ford Sr. of Memphis has filed a $900,000 loan on the shopping center at 1670 Sycamore View Road in Northeast Memphis that he recently bought.

45. Council OKs Apartments, Golf Driving Range -

Memphis City Council members approved Tuesday, May 7, a golf driving range on Summer Avenue north of Sycamore View Road, a 240-unit apartment complex on 19.3 acres at Lenow and Dexter roads and a 69-unit apartment complex on the northern side of Shelby Farms Park to the west of Germantown Parkway.

46. Council Approves Apartments, Golf Driving Range -

Memphis City Council members approved Tuesday, May 7, a golf driving range on Summer Avenue north of Sycamore View Road, a 240-unit apartment complex on 19.3 acres at Lenow and Dexter roads and a 69-unit apartment complex on the northern side of Shelby Farms Park to the west of Germantown Parkway.

47. Council Moves on School Funding Standoff -

Memphis City Council members want to try to resolve the Memphis City Schools $57 million court judgment against the city as well as the city’s legal counterclaim that the school system owes it more than twice that by the end of this month.

48. Council Tackles Budget, Tax Rate -

Memphis City Council members take their first steps Tuesday, May 7, toward approving a city operating budget and property tax rate for the fiscal year that begins July 1.

The council meets at 3:30 p.m. at City Hall, 125 N. Main St.

49. Understanding the Importance of a Getaway -

THE TIME TO GET AWAY IS CLOSE. One morning last week. Anderson’s dogs were running, impossibly fast, circling a field of new wheat, impossibly green, and then through the woods and past the ponds, Snuffy bounding just ahead of us and Bow Wow off to our right in the trees. Their eyes were bright and their joy obvious, impossibly happy.

50. Harold Ford Sr. Buys Sycamore View Property -

1670 Sycamore View Road Memphis, TN 38134

Sale Amount: $1.8 million

Sale Date: April 8, 2013

51. Harold Ford Sr. Buys Sycamore View Property -

Former U.S. Rep. Harold Ford Sr. of Memphis has paid $1.8 million for a shopping center at 1670 Sycamore View Road in Northeast Memphis.

52. Swinnea Warehouse Sold in Lieu of Foreclosure -

4550 Swinnea Road, Memphis, TN 38118

Sale Amount: $4.2 million
Sale Date: March 7, 2013
Buyer: JPMCC 2007-LDP10 – 4550 SWINNEA RD LLC
Seller: Industrial Memphis International Owner LLC
Details: The Memphis International Distribution Center at 4550 Swinnea Road in Oakhaven has sold for $4.2 million in lieu of foreclosure.

53. Macon Cove Hotel Sells for $1.9 Million -

The 129-room hotel at 6068 Macon Cove near Sycamore View Road and Interstate 40 has sold for $1.9 million.

54. Arena Transformation -

As the city of Memphis is nearing completion of its preparation of The Pyramid for Bass Pro Shops, the Springfield, Mo.-based retailer is slated to start its part of the project in March.

The city and Bass Pro Shops in January filed two building permits with the city-county Office of Construction Code Enforcement for $21.5 million and $7 million for renovations to 32-story The Pyramid arena at 1 A.W. Willis Ave.

55. Southwind Homewood Suites Sells for $6.5 Million -

3583 Hacks Cross Road Memphis, TN 38125

Sale Amount: $6.5 million

Sale Date: Nov. 2, 2012

56. Utah Company Buys Avery Park Apartments -

An affiliate of Salt Lake City-based Property Asset Management Inc. has paid $5.2 million for the Avery Park Apartments at 4865 Raleigh LaGrange Road in Raleigh.

57. Hickory Hill Warehouse Sells for $15.7 Million -

6380 Holmes Road Memphis, TN 38141

Sale Amount: $15.7 million

Sale Date: Dec. 5, 2012

58. Village of Sycamore Ridge Owner Files $4.3 Million Loan -

The owner of the Village of Sycamore Ridge – a 114-unit apartment community at 1945 Sycamore View Road near Bartlett – has filed a $4.3 million multifamily deed of trust, absolute assignment of leases and rents and security agreement (including fixture filing) on the property.

59. Nashville Company Buys Wolf River Medical Building for $11 Million -

8040 Wolf River Blvd.
Germantown, TN 38138
Sale Amount: $11 million

Sale Date: Oct. 9, 2012
Buyer: HRT of Tennessee Inc.
Seller: Bayrock Investment Co. LLC
Details: HRT of Tennessee Inc., an affiliate of Nashville-based Healthcare Realty Trust Inc., has paid slightly less than $11 million for the medical office building at 8040 Wolf River Blvd. in Germantown.

60. Summer Avenue Walgreens Sells for $4 Million -

The 14,092-square-foot Walgreens store at 5828 Summer Ave. (U.S. 70) has sold for $4 million to an entity called ARC WGMEMTN001 LLC.

61. Shelby Oaks Red Roof Inn Sells for $1.6 Million -

6055 Shelby Oaks Drive
Memphis, TN 38134

Sale Amount: $1.6 million

Sale Date: Sept. 19, 2012

62. Shelby Oaks Red Roof Inn Sells for $1.6 Million -

The Red Roof Inn at 6055 Shelby Oaks Drive has traded hands for the second time in a year and for the same sales price of $1.6 million.

63. Shelby Farms Parkway Still Unresolved -

The political road to a Shelby Farms Parkway that extends Kirby Parkway through the northwestern edge of Shelby Farms Park to link up with Whitten Road has a few turns and lots of mileage left in it.

64. Shelby Crossing Retail Center Sells for $2M in Foreclosure -

6100 Macon Road
Memphis, TN 38134

Sale Amount: $2 million

Sale Date: July 13, 2012

65. Bank Buys Shelby Crossing at $2M Foreclosure Sale -

Flagstar Bank FSB has bought back a shopping center near Bass Pro Shops on Macon Road at a $2 million foreclosure sale after owners Sun Shelby LLC defaulted on a 2007 loan through the bank.

66. Drought Stress on Trees Deeper Than is Evident -

NASHVILLE, Tenn. (AP) — Tulip poplar trees are dropping yellowed leaves, white pines are shedding second-year needles months early and the depth of damage to Tennessee's trees from the current drought might not be immediately evident.

67. City Files $12 Million Permit App To Build Overton Square Garage -

2100 Monroe Ave.
Memphis, TN 38104

Permit Cost: $12 million

Permit Date: Applied June 2012

68. $3.5M Construction Loan Filed for Summer Trace -

SBV-Memphis-Summer Trace has filed a $3.5 million construction loan for the 255-unit Summer Trace Apartments at 6015 Summer Trace Drive in the Raleigh/Bartlett apartment submarket.

69. Talbots Receives Sweetened $211M Buyout Offer -

Clothing retailer The Talbots Inc. said Monday that it has received a sweetened buyout offer from private equity firm Sycamore Partners that values the company at about $211 million.

70. New Owner For Bartlett Car Wash Property -

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

71. Shelby Crossing Center in Foreclosure -

Shelby Crossing phase II, a 30,000-square-foot shopping center on Macon Road near Bass Pro Shops, is in foreclosure after its owners defaulted on a $2.4 million loan, according to a first-run foreclosure notice in the Wednesday, April 18, Daily News.

72. Drexel Buys Presidents Is. Warehouse -

A longtime Memphis-based agricultural chemical provider has snatched up a warehouse on Presidents Island, where it already has a strong presence.

Drexel Chemical Co. purchased the 137,526-square-foot former manufacturing and distribution facility on 12 acres at 2070 and 2071 Channel Ave. on Presidents Island from HPD Properties LLC for $810,000, or $5.89 per square foot.

73. CBRE Brokers Sale of 2 Apt. Complexes -

CB Richard Ellis Memphis closed two multifamily properties in early January – Oakshire and Summer Trace Apartments.

Tommy Bronson III and Blake Pera with CBRE Memphis’ multifamily division represented LILO LLC in the sale of Oakshire to Memphis Bell LLC.

74. SCO’s Steele Receives Optometry Recognition -

Dr. Glen T. Steele, a professor at the Southern College of Optometry, has received the prestigious William Feinbloom Award from the American Academy of Optometry for his work with InfantSEE.

75. Coba Named President of ServiceMaster Divs. -

Thomas Coba, the outgoing chief operating officer of Subway Restaurants, has been named the new president of ServiceMaster Clean and Merry Maids, two divisions of Memphis-based The ServiceMaster Co.

76. Former C’ville Fitness Center Sells For $2.7M -

Memphis-based Hackmeyer Properties has bought the former Prairie Life Fitness Center at 3690 S. Houston Levee Road in Collierville from Prairie Life Fitness LLC for $2.7 million and is leasing the 57,264-square-foot facility to a new fitness company.

77. Rolling Meadows Lots Sell for $1.4 Million -

Germantown-based Regency Homebuilders LLC has bought 49 lots in Rolling Meadows Planned Development phase two in Collierville from BancorpSouth Bank for $1.4 million. The purchase was financed with a $1 million loan through BancorpSouth Bank that matures in October 2013.

78. Shelby Oaks Red Roof Among 143 Sold -

6055 Shelby Oaks Drive
Memphis, TN 38134
Sale Amount: $1.6 million

79. Memphis Red Roof Among 143 Sold -

A Red Roof Inn on Shelby Oaks Drive is one of 143 bought by a joint venture as part of Red Roof Inns Inc.’s efforts to recapitalize ownership of its assets.

80. Substantial Deal Inked By Ontario-Based Manufacturer -

A substantial lease has been signed in a formerly distressed southwest Memphis industrial park that has made leaps and bounds since it was purchased by an out-of-town investor earlier this year.

KIK Custom Products, an Ontario-based manufacturer of national and retail brand consumer products, has signed a lease for 115,000 square feet in the Space Center Industrial Park, 265-353 Titan Drive.

81. Ware Properties Building Dollar General in Raleigh -

Ware Properties LLC has filed a $912,000 construction loan through Sycamore Bank to build a Dollar General store at 3429 Ramill Road in Raleigh.

82. Villages at Harrison Creek Apts. Sell out of Foreclosure -

3855 Jackson Ave.
Memphis, TN 38128
Sale Amount: $3.9 Million

Sale Date: Aug. 26, 2011

83. Brentwood Place Apartments Sells for $8.5 Million -

1835 Sycamore View Road
Memphis, TN 38135
Sale Amount: $8.5 million

84. Brentwood Place Apts. Sells for $8.5 Million -

Slidell, La.-based Southern Breeze LLC has bought the Brentwood Place Apartments complex at 1835 Sycamore View Road from Grant Investment LLC for $8.5 million. The deal closed Aug. 22.

85. Nike Adds 400K Square Feet To Local Portfolio -

The world’s largest maker of athletic gear has signed a lease in Memphis’ Southeast industrial submarket to handle its newly acquired NFL contract.

Nike Inc. inked a 400,000-square-foot warehouse lease in Centerpointe Distribution Center No. 1, 3461 E. Raines Road. Built in 1994, the property, owned by San Francisco-based Prologis Inc., features 38 dock doors and an 11,687-square-foot office space component.

86. Villas at Cordova Complex Sells for $14.2M in Foreclosure -

8546 Prestine Loop
Cordova, TN 38018
Sale Amount: $14.2 million

Sale Date: May 11, 2011

87. U of M-Area Apts. Sell for $1.6M in Foreclosure -

Sycamore Bank has bought three apartment complexes near the University of Memphis at a substitute trustee’s sale, or foreclosure sale, for $1.6 million. The complexes were foreclosed after the borrower, Little Rock-based Polk Rental Properties of Memphis LLC, defaulted on loans taken out through Sycamore Bank.

88. 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.

89. Cordova’s Parkway Place Hits 100 Pct -

Two recent leases at Parkway Place Office have brought the center to 100 percent occupancy. Guardian Community Living LLC signed a 10,500-square-foot lease in the 70,000-square-foot office annex that is situated in Cordova.

90. Dalphis Holdings Files for Chapter 11 Bankruptcy -

Memphis window covering company Dalphis Holdings LLC has filed a Chapter 11 bankruptcy reorganization petition.

91. Sanderlin Nursing Home Financed for $4.8M -

5070 Sanderlin Ave.
Memphis, TN 38117
Loan Amount: $4.8 million

Loan Date: May 1, 2011
Maturity Date: June 1, 2036
Borrower: Bright Glade Long Term Facility Inc.
Lender: Lancaster Pollard Mortgage Co.

92. La Quinta Financed for $2.7 Million -

LaVista LLC has financed a 41,992-square-foot, 64-unit La Quinta Inn through Fidelity Bank for $2.7 million.

93. FedEx Files $10.8M Permit For Demolition Work -

2781 Democrat Road
Memphis, TN 38118
Permit Amount: $10.8 million

Permit Date: Applied April 2011
Owner: FedEx
Tenant: FedEx
Contractor: Flintco Inc.

94. Country Nightclub Two-Steps Into Town -

A new nightclub is saddling up at Sycamore View and Interstate 40. Country and dance nightclub Electric Cowboy has signed a 14,435-square-foot lease in Shelby Crossing Shopping Center, 6160 Macon Road.

95. Country Nightclub Two-Steps Into Town -

A new nightclub is saddling up at Sycamore View and Interstate 40.

Country and dance nightclub Electric Cowboy has signed a 14,435-square-foot lease in Shelby Crossing Shopping Center, 6160 Macon Road.

96. Sycamore View Office Sells for $1.2 Million -

Pensacola, Fla.-based DNBC Holdings LLC has bought parcels at 1341 Sycamore View Road and 6075 Executive Center Drive in the 38134 ZIP code from Calvin Howell for $1.2 million.

97. Glencore Grain Buys Mendenhall Warehouse -

4834 S. Mendenhall Road
Memphis, TN 38118
Sale Amount: $6 Million

Sale Date: March 25, 2011
Buyer: Glencore Grain USA LLC
Seller: ProLogis NA2 Tennessee LLC

98. BancorpSouth Buys Meadow Estates Land -

BancorpSouth Bank has bought property in Collierville from Meadow Estates LLC for $2 million.

99. Family Dollar Signs 2 Leases for Stores -

Family Dollar has signed a 12,000-square-foot lease at 2754 Lamar Ave. Shawn Massey, partner with The Shopping Center Group LLC, represented the tenant. Harold Blockman with Keller Williams Realty Inc. represented the landlord, Chong K and Dul S. Pae.

100. IDB Approves Dalphis Move to Airport Area -

The same day local leaders celebrated the coming move of Electrolux to the Frank C. Pidgeon Industrial Park, members of the Memphis-Shelby County Industrial Development Board were reminded that there remains intense competition for jobs already in Memphis.