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Editorial Results (free)

1. Snapshot: More Midtown Apartments -

The former Artisan Hotel is being demolished as part of the $43 million Midtown Market mixed-use project being co-developed by Belz Enterprises at Union Avenue and McLean Boulevard.

...

2. First Alliance Bank Inks 10-Year Lease to Move to Clark Tower -

Memphis-based First Alliance Bank has signed a 10-year lease to relocate its Poplar Avenue branch into the recently remodeled Clark Tower office building.


5100 Poplar Ave.
Memphis, TN 38137

3. Fully Loaded -

It’s almost like the first half of 2017 was a decade in the making, at least when it comes to commercial real estate. Throughout all four major sectors of the Memphis-area commercial real estate market – industrial, office, retail and multifamily – figures are consistently reaching or exceeding pre-recession marks.

4. Atlanta Retail Investor Makes $29M Purchase -

In this week’s Real Estate Recap, an 18-acre shopping center in the heart of Bartlett sells for $28.8 million, Ulta Beauty prepares to build out its space in Poplar Commons, and Dave & Buster’s continues work on its first Memphis location...

5. Workplace Law Firm Signs Downtown Memphis Lease -

Constangy, Brooks, Smith & Prophete LLP, an Atlanta-based workplace law firm, has signed a 3,000-square-foot lease in the Peabody Place Office Tower in Downtown Memphis.

6. Flintco Files $25 Million Permit for ServiceMaster HQ -

150 Peabody Place
Memphis, TN 38103

Permit Amount: $25 million

Application Date: May 2017 

7. Flintco Files $25M Permit For ServiceMaster's HQ -

Contractor Flintco LLC has filed a $25 million building permit application for tenant infill at ServiceMaster’s new headquarters Downtown.

8. ServiceMaster Almost Ready for First Employees to Occupy Downtown HQ -

By mid-June the first wave of employees will move into the new ServiceMaster Global Headquarters at 150 Peabody Place, bringing to fruition what many city leaders believe is one of the biggest wins for Downtown Memphis in a decade. 

9. Flintco Files $25 Million Permit for ServiceMaster HQ -

Contractor Flintco LLC has filed a $25 million building permit application for tenant infill at ServiceMaster’s new headquarters Downtown.

10. Faropoint Acquires Massive Industrial Portfolio for $33.1M -

Looking to continue its recent trend of bullish activity in the Memphis market, Faropoint Ventures has acquired a 1.1-million-square-foot industrial portfolio for $33.1 million. Details on that and more commercial real estate news in this week's Real Estate Recap...

11. Faropoint Acquires Massive Industrial Portfolio for $33.1M -

Looking to continue its recent trend of bullish activity in the Memphis market, Faropoint Ventures has acquired a 1.1 million-square-foot industrial portfolio for $33.1 million.

The seller was Greenfield Partners LLC, a Connecticut-based private equity firm. 

12. ServiceMaster’s New HQ Taking Shape -

About this time last year, there was a lot of uncertainty surrounding ServiceMaster’s relocation. So when the company announced it would convert the long-vacant Peabody Place Mall into its new corporate headquarters, it sent a clear signal that, in terms of development, anything is possible these days in the Bluff City. 

13. Flintco Leads Construction On ServiceMaster HQ -

Memphis-based ServiceMaster Global Holdings announced Flintco LLC will be heading up construction and renovation efforts at its new headquarters Downtown.

14. ServiceMaster Names General Contractor for Downtown HQ -

Memphis-based ServiceMaster Global Holdings announced Flintco LLC will be heading up construction and renovation efforts at its new global headquarters in Downtown Memphis.

15. Mid-South Mayors’ Council Announces Lineup for RegionSmart Summit -

The Mid-South Mayors’ Council, an initiative of Urban Land Institute Memphis, has release the lineup for its second annual RegionSmart summit, which will be held at the Halloran Centre for Performing Arts & Education on Thursday, April 27.

16. Mid-South Mayors’ Council Announces Lineup for RegionSmart Summit -

The Mid-South Mayors’ Council, an initiative of Urban Land Institute Memphis, has release the lineup for its second annual RegionSmart summit, which will be held at the Halloran Centre for Performing Arts & Education on Thursday, April 27.

17. Panel OKs Downtown Project, Midtown Changes -

The Center City Revenue Finance Corp. approved two Downtown projects and changes for Belz Enterprises mixed-use development at Union Avenue and McLean Boulevard in Midtown on Tuesday, Feb. 14.

18. Midtown Market Developers Scale Back Plans -

The proposed Midtown Market mixed-use development at Union Avenue and McLean Boulevard has changed as its developers continue to seek financing and adjust more than a year after they unveiled the ambitious but tentative plan.

19. February 3-9, 2017: This week in Memphis history -

1997: On the front page of The Daily News, Belz Enterprises tops out the tower of its new Peabody Place office building. Scheduled to open May 1, it is first new speculative office building in Downtown since the Morgan Keegan building of the mid-1980s, more than a decade earlier. Construction on the Peabody Place mall directly south of The Peabody hotel is to begin at the end of 1997 with an opening date of 1999.

20. Flintco Files $2.5M Permit For ServiceMaster HQ -

ServiceMaster’s much-anticipated new headquarters has taken another step forward.

Contractor Flintco Inc. has filed a $2.5 million building permit application with the city-county Office of Construction Code Enforcement for infill office space, a meeting room and public space in the former Peabody Place mall.

21. LA Fitness Eyes Collierville, Urban Village Moves Ahead -

1048 W. Poplar Ave.
Collierville, TN 38017

Sale Amount: $3.7 million

Sale Date: Jan. 5, 2017

Buyer: Fitness International LLC

22. Flintco Files $2.5M Permit For ServiceMaster HQ -

ServiceMaster’s much-anticipated new headquarters has taken another step forward.

Contractor Flintco Inc. has filed a $2.5 million building permit application with the city-county Office of Construction Code Enforcement for infill office space, a meeting room and public space in the former Peabody Place mall.

23. Large Deals, Office Construction Among Memphis' Commercial Real Estate Trends -

Coming off of a strong year in 2015, the commercial real estate market in the Memphis metropolitan area continued to do well in 2016.

Larry Jensen, president and CEO of Cushman & Wakefield/Commercial Advisors, said his company was tracking approximately 6 million square feet of net absorption in the industrial market headed into the last week of 2016, as compared to 8.4 million in 2015.

24. Growing Pains -

In many ways, Citizens to Preserve Overton Park v. Volpe in 1971 shaped the way Midtown Memphis looks today, so it’s only fitting that the park continues to inspire citizens to fight for what they feel is right.

25. Midtown Kroger Opens With Pedestrian Focus on Busy Union Avenue -

The carillon at Idlewild Presbyterian Church played the University of Memphis fight song Wednesday, Nov. 2, as the parking lot of the Midtown Kroger filled with cars. A block away a fire truck’s siren mixed with the church bells as the truck left the Union Avenue fire station to a call.

26. Real Estate Awakening -

The year’s biggest office deal didn’t affect Memphis’ office absorption at all, but everyone in real estate has felt its reverberations.

When ServiceMaster Global Holdings announced its move to the shuttered Peabody Place Mall from Ridge Lake office park, it promised new life for a 328,000-square-foot black hole in Downtown’s retail market.

27. Nearly 300 New Apartment Units Headed to McLean Boulevard Intersections -

Two projects planned a block apart from each other will flood the Midtown market with luxury rental units.

The area hasn’t seen new multifamily construction since The Bristol went up in 2004. Since that time, renewed interest in the urban core and high-profile projects like Overton Square have prepared Midtown for top-dollar rents.

28. Belz Preparing Peabody Place for ServiceMaster HQ -

150 Peabody Place

Memphis, TN 38103

Permit Amount: $9.5 million

Project Cost: $27 million overall

29. Belz Pulls $9M Permit to Prepare Peabody Place for ServiceMaster -

Belz Enterprises has taken a major step in the renovation of the shuttered Peabody Place mall into ServiceMaster Global Holdings’ future headquarters.

Contractor Belz Construction Services LLC is seeking a $9.5 million building permit from the city-county Office of Construction Code Enforcement for “core & shell improvement” to the 360,000-square-foot former mall, which has stood empty since it closed to the public in 2012.

30. Left Turns Coming To Union-McLean Intersection -

The 30,000 drivers a day on the Midtown stretch of Union Avenue will be able to make left turns from Union Avenue onto McLean Boulevard starting Monday, Aug. 1.

The city of Memphis is installing the signals for eastbound and westbound traffic as a follow-up to plans for the $43 million Midtown Market development on the southwest corner of Union and McLean.

31. Left Turns at Union and McLean Debut -

Traffic signals aren’t normally an event. But then again, Union Avenue traffic can be its own event on a daily basis.

Last week in an anonymous one-story city government building in South Memphis, City Traffic Engineer Randall Tatum took reporters to a workroom in the maintenance shop dominated by traffic signal lights to show off the city’s newest equipment.

32. Left Turns Coming To Union-McLean Intersection -

The 30,000 drivers a day on the Midtown stretch of Union Avenue will be able to make left turns from Union Avenue onto McLean Boulevard starting Monday, Aug. 1.

The city of Memphis is installing the signals for eastbound and westbound traffic as a follow-up to plans for the $43 million Midtown Market development on the southwest corner of Union and McLean.

33. Left Turns Coming to Union-McLean Intersection -

The 30,000 drivers a day on the Midtown stretch of Union Avenue will be able to make left turns from Union Avenue onto McLean Boulevard starting Aug. 1.

The city of Memphis is installing the signals for eastbound and westbound traffic as a follow-up to plans for the $43 million Midtown Market development on the southwest corner of Union and McLean.

34. Design Board Approves Peabody Place Mall Changes -

More windows for the exterior of the Peabody Place Mall and some new paint were approved Wednesday, July 6, by the Design Review Board of the Downtown Memphis Commission.

The changes are part of the move by ServiceMaster Global Holdings into the mall to make it the company’s new headquarters.

35. Design Review Board OKs Peabody Place Mall Changes -

More windows for the exterior of the Peabody Place Mall and some new paint were approved Wednesday, July 6, by the Design Review Board of the Downtown Memphis Commission.

The changes are part of the move by ServiceMaster Global Holdings into the mall to make it the company’s new headquarters.

36. The Week Ahead: July 4-10 -

Happy Fourth of July, Memphis! We hope you’re enjoying a long weekend – and if you do have to work today, we hope you’re able to sneak out early enough to watch some of the local fireworks displays tonight. Here are details on a few of them, plus other local happenings you need to know about this week…

37. ServiceMaster to Change Mall’s Exterior -

Memphis-based ServiceMaster Global Holdings Inc. and its landlord, Belz Enterprises, plan to remove the pedestrian skybridge into the Peabody Place development that crosses over Second Street and will add more than 50 new windows to the second and third levels on the Second Street side of the mall.

38. ServiceMaster Plans Different Second Street Look -

Memphis-based ServiceMaster Global Holdings Inc. and its landlord, Belz Enterprises, plan to remove the pedestrian skybridge into the Peabody Place development that crosses over Second Street. And the plans call for adding more than 50 new windows to the second and third level surfaces on the Second Street side of the mall.

39. Parking Was Key in ServiceMaster Deal -

Parking concerns for ServiceMaster Global Holdings’ move to Downtown Memphis have been resolved.

On June 14, the Downtown Parking Authority granted ServiceMaster access to the parking garage at 250 Peabody Place.

40. Last Word: ServiceMaster Details, Loflin Yard Changes and Bridge Lighting -

The ServiceMaster local incentives for the new Peabody Place headquarters have cleared the first hurdle.

That was the Center City Revenue Finance Corporation’s Tuesday meeting. It’s on to the Center City Development Corporation Wednesday and then EDGE.

41. ServiceMaster Tax Incentive Package Approved -

The Center City Revenue Finance Corp. approved a tax incentive package Tuesday, June 14, to support ServiceMaster Global Holdings’ conversion of Peabody Place mall into a multimillion-dollar headquarters.

42. Show Time -

For the first time in years, the Peabody Place mall was packed. On June 3, hundreds of ServiceMaster employees and a handful of business and government leaders ushered in One ServiceMaster Center, a multimillion-dollar headquarters for Memphis’ fourth-largest public company.

43. Last Word: ServiceMaster Incentives, Muvico Memories and the Beale Street Cover -

It looks like the conversion of Peabody Place mall to the new headquarters of ServiceMaster is a $33.3 million job. That could be a running total depending on a PILOT amendment to come.

44. City, State Incentives Lining Up For ServiceMaster's Move Downtown -

ServiceMaster Global Holdings Inc. will be getting a lot of help with its headquarters move into the vacant Peabody Place mall.

Documents obtained by The Daily News show that mall landlord Belz Enterprises will contribute $12 million to improvements to the facility while ServiceMaster will invest $14.8 million in converting the 340,000-square-foot retail center into corporate offices with open working and research spaces.

45. ServiceMaster Disrupting Its Culture With Move Downtown -

ServiceMaster is converting Peabody Place into a corporate headquarters that would rival a Silicon Valley tech outfit.

On Friday, June 3, ServiceMaster laid to rest months of speculation about whether the company would relocate to a larger city like Atlanta or Dallas. Memphis’ available Class A office space can’t currently accommodate ServiceMaster’s needs, so it looked to the retail sector for its new home.

46. Omni Charter School Buys Permanent Home -

3385 Austin Peay Highway
Memphis, TN 38128

Sale Amount: $1.3 million

Sale Date: Feb. 26, 2016

47. Moving Dirt -

The Memphis development community is looking inward and upward to increase density in the urban core. New construction is happening across all four commercial real estate sectors, with long-anticipated projects like Trader Joe’s and the redevelopment of Central Station finally coming to fruition. Construction and operating costs continue to be a challenge as new projects hit the top of their class to command higher rents.

48. Lake District Would Put Lakeland on the Map -

Before Lakeland became a city, it was the Lakeland Amusement Park. A California-based developer is bringing back that original flair with his proposal for The Lake District, a 165-acre mixed-use development.

49. Midtown Market Project Moving Forward -

The mixed-use Midtown Market project being planned at the southwest corner of McLean Boulevard and Union Avenue is moving forward.

In a March 11 warranty deed, Nevada-based Tennvada Holdings sold the Artisan Hotel, at 1837 Union Ave., for $1.3 million, and the Towery Office Building, at 1835 Union Ave., for $870,000.

50. Over $20M in Construction Headed to Brewery District -

495 Tennessee St.
Memphis, TN 38103

Permit Amount: $18.8 million

Owner: 495 Tennessee LLC

Tenant: Brewery Master Tenant

51. Midtown Market Moves Forward -

The mixed-use Midtown Market project at the southwest corner of McLean Boulevard and Union Ave. is moving forward.

In a March 11 warranty deed, Nevada-based Tennvada Holdings sold the Artisan Hotel, at 1837 Union Ave., for $1.3 million, and the Towery Office Building, at 1835 Union Ave., for $870,000.

52. Midtown Memphis Ready for Apartment Building Boom -

It’s been more than a decade since new apartments were built in Midtown, and that’s poised to change in a big way with a wave of new multifamily construction stretching from Binghampton to Crosstown.

53. Belz Sells Linden Camilla Towers for $14.4 Million -

256 S. Camilla Street
Memphis, TN 38104

Sale Amount: $14.4 million

Sale Date: Dec. 6, 2015

54. Belz Sells Linden Camilla Towers for $14.4M -

An entity affiliated with Belz Enterprises has sold the Linden Camilla Towers in Midtown for $14.4 million.

The 11-story senior living apartments, located 256 S. Camilla St., are still under local ownership.

55. Belz Sells Linden Camilla Towers for $14.4M -

An entity affiliated with Belz Enterprises has sold the Linden Camilla Towers in Midtown for $14.4 million.

The 11-story senior living apartments, located 256 S. Camilla St., are still under local ownership.

56. Midway Point -

A quality, affordable neighborhood for low- to moderate-income Memphians. That’s developer Henry Turley’s ongoing vision for Uptown, a North Memphis neighborhood benefiting from $150 million in redevelopment efforts.

57. Council Approves $4M Loan for Belz’s Midtown Market -

The mixed-use project at Union Avenue and McLean Boulevard got a $4 million federal boost with a proposal from developers Belz Enterprises and Harbor Retail Partners clearing the Memphis City Council Tuesday, Dec. 15.

58. Bass Berry & Sims Plans $2.1 Million Renovation -

100 Peabody Place
Memphis, TN 38103

Permit Amount: $2.1 million

Application Date: December 2015

59. December Welcomes Batch of Memphis Holiday Markets -

By the time everyone has put up the tinsel, taken down the trees and is counting down the days until 2016 arrives, the month of December will have seen at least half a dozen holiday markets, stores and pop-up shops unfold around Memphis.

60. Bass Berry’s Downtown Office to Get $2M Makeover -

The Downtown Memphis office of Bass, Berry & Sims PLC is about to undergo a $2 million interior renovation.

Contractor Grinder, Taber & Grinder Inc. applied for a building permit with the city-county Office of Construction Code Enforcement. The law firm’s office is in the Peabody Place office tower, 100 Peabody Place.

61. Bass Berry’s Downtown Office to Get $2.1M Makeover -

The Downtown Memphis office of Bass, Berry & Sims PLC is about to undergo a $2.1 million interior renovation.

Contractor Grinder, Taber & Grinder Inc. applied for a building permit with the city-county Office of Construction Code Enforcement. The law firm’s office is in the Peabody Place office tower, 100 Peabody Place.

62. City Council to Vote on Idlewild Gate, Water Rate Hike -

A gate across Idlewild Street between two competing supermarket projects in Midtown tops the Memphis City Council’s next-to-last meeting of the year.

The council is to vote Tuesday, Dec. 1, on a resolution that would close Idlewild south of Union Avenue to vehicular traffic and install a gate. The reason, according to the resolution, is to prevent motorists coming from Union Avenue and the two developments from cutting through the residential area.

63. LUCB Rejects Belz Application, Puts Midtown Mixed-Use Project in Jeopardy -

Balancing competing businesses, city engineering code and neighborhood input came to a head at a Thursday, Nov. 12, Office of Planning and Development meeting when the Land Use Control Board decided to reject a traffic-blocking gate across the south side of Idlewild Street in Midtown Memphis.

64. Design Board Approves New Peabody Place Facade -

The Downtown Memphis Commission’s Design Review Board approved a multitude of Downtown projects Wednesday, Nov. 4, including new Peabody Place Tower signage and Central Station plans that include an outdoor Malco movie screen.

65. The Week Ahead: Nov. 2, 2015 -

How was your weekend, Memphis? Here's our first weekly rundown of local happenings you need to know about, from the Indie Memphis Film Festival to Mississippi elections...

If you love the outdoors and good weather, these are the days you’ve been missing. And few things are as “fall” as a fall festival, and the kickoff of Miss Cordelia’s Saturday Market series this weekend seems like one more thing worth adding to the list of things to do in Memphis. There’ll be a growler station, local food and beer sampling, pop-up retail and food specials.

66. Mix It Up -

Memphis’ development eye is turning inward and upward as mixed-use projects are becoming more common than ever before.

Usually a mode of survival for densely packed cities, residential, office, retail and even manufacturing are cohabitating in single mixed-use buildings or lots as a way to recoup Memphis’ sprawl. Downtown and Midtown are being combed for infill and adaptive reuse possibilities as millennials are moving to the urban core in droves.

67. Around Here, You Hear Belz -

BELZ IS AT IT AGAIN. AND THAT’S A GOOD THING.

If you think you know Memphis, and you don’t know about him, you don’t know Jack.

Following his father Phillip as patriarch to the Belz family, Jack Belz led Belz Enterprises for decades, a company close to or at the top of Tennessee property owners for all that time. A quiet philanthropist and quiet pioneer in the concepts of city gateway centers and discount malls, Belz went very public with the world-class renovation and reopening of The Peabody.

68. New Tax Breaks Attract Grocers to Memphis Food Deserts -

Two of Memphis’ prominent food deserts are on the mend with possible tax breaks to attract grocery stores.

Binghampton and Uptown are set to receive Community Builder PILOTs, a new payment-in-lieu-of-taxes incentive granted by the Memphis and Shelby County Economic Development Growth Engine.

69. DMC Eyes More PILOTs for ‘High-Impact’ Development -

The proposed Midtown mixed-use development at McLean Boulevard and Union Avenue has turned a corner with newly approved tax breaks.

On Tuesday, Oct. 13, the Center City Revenue Finance Corp., an affiliate board of the Downtown Memphis Commission, approved a 15-year payment-in-lieu-of-taxes incentive to support the residential, retail and grocery project.

70. Belz Sells Champion Hills Office Building for $7.8M -

3725 Champion Hills Drive
Memphis, TN 38125
Sale Amount: $7.8 million

Sale Date: Oct. 8, 2015
Buyer: Champion Hills Realty Holdings LLC
Seller: Belz Investco GP
Loan Amount: $5.5 million
Loan Date: Oct. 5, 2015
Lender: C-III Commercial Mortgage LLC
Details: Belz Enterprises made another big real estate deal on the tail of its recent announcement to redevelop the corner of McLean Boulevard and Union Avenue into a mixed-use development.

71. Belz Sells Office Building Near Windyke for $7.8M -

Belz Enterprises made another big real estate deal on the tail of its recent announcement to redevelop the corner of McLean Boulevard and Union Avenue into a mixed-use development.

In an Oct. 8 warranty deed, Belz Investco GP sold the four-story office building at 3725 Champion Hills Drive for $7.8 million to Faropoint Ventures LLC acting as Champion Hills Realty Holdings LLC.

72. Belz Sells Office Building Near Windyke for $7.8 Million -

Belz Enterprises made another big real estate deal on the tail of its recent announcement to redevelop the corner of McLean Boulevard and Union Avenue into a mixed-use development.

In an Oct. 8 warranty deed, Belz Investco GP sold the four-story office building at 3725 Champion Hills Drive for $7.8 million to Faropoint Ventures LLC acting as Champion Hills Realty Holdings LLC.

73. Mixed-Use Midtown Market on Tap for Long-Vacant Corner -

Rumors and speculation have long run rampant about potential development at the southwest corner of Union Avenue and McLean Boulevard, one of Memphis’ busiest intersections.

Some of the speculation involved keeping the eight-story hotel, which was built in the late 1960s, as the central feature of whatever came next. In other scenarios it would be demolished.

74. Grocery, Apartments to Rise at McLean-Union Corner -

Belz Enterprises and Harbour Retail Partners of Marietta, Ga., have a plan to demolish the empty eight-story Artisan Hotel on the southwest corner of Union Avenue and McLean Boulevard.

The project would replace the blighted building with a $43 million mixed-use “Midtown Market” anchored by a “national gourmet grocery store." It also would include 188 apartments: 47 studios; 94 one-bedroom units; and 47 two-bedroom units.

75. Build Out -

Boyle Investment Co. is building a 52,000-square-foot office building at its Schilling Farms community in Collierville in which Helena Chemical Co.’s Southern Business Unit will lease half of the space.

76. Methodist Healthcare Buys Office Building From Belz -

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

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

77. Belz Sells Office Building for $4 Million -

Belz Enterprises and a partner have sold a Memphis office building to Methodist Le Bonheur Healthcare for $4 million.

Belz Investco GP and Bico Associates GP were listed as the sellers in the transaction, which included two parcels.

78. Belz Sells Building for $4 Million -

Belz Enterprises and a partner have sold a Memphis office building to Methodist Le Bonheur Healthcare for $4 million.

Belz Investco GP and Bico Associates GP were listed as the sellers in the transaction, which included two parcels.

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

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

80. MDH Buys Belz’s Memphis Industrial Portfolio -

An Atlanta-based firm has acquired a large industrial portfolio from Belz Enterprises.

Atlanta-based MDH Partners LLC bought 22 industrial buildings in the Memphis area totaling more than 3.1 million square feet.

81. MDH Partners Buys Belz's Memphis Industrial Portfolio -

An Atlanta-based firm has acquired a large industrial portfolio from Belz Enterprises.

Atlanta-based MDH Partners LLC bought 22 industrial buildings in the Memphis area totaling more than 3.1 million square feet.

82. Stein World Finds New Home -

Stein World has found a new home. The furniture distributor, which played a pivotal role in Cummins Inc.’s decision to expand locally, has inked a lease for 330,870 square feet at 5321 Shelby Drive.

83. Rollin' On The River -

When the team of planners and developers behind the Harbor Town community on Mud Island wanted to build slimmer streets to promote a more pedestrian-friendly experience, the city of Memphis said they couldn’t do it.

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

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

85. Lasting Legacies -

A FedEx commercial that never made it past the storyboard stage portrayed company founder, chairman and CEO Fred Smith as a child filling out an order form in the back of a comic book for a batch of Sea-Monkeys, sending it off and waiting for the delivery.

86. City Council Delays Beale Street Vote -

The Memphis City Council on Tuesday, Jan. 20, delayed a vote for two weeks on the resolution that would create a Beale Street Tourism Development Authority to oversee the future direction of the entertainment district between Second and Fourth streets.

87. City Council Delays Beale Street Vote -

The Memphis City Council on Tuesday, Jan. 20, delayed a vote for two weeks on the resolution that would create a Beale Street Tourism Development Authority to oversee the future direction of the entertainment district between Second and Fourth streets.

88. 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.

89. Park Avenue Professional Building Sells for $1.3M -

An affiliate of Memphis-based Belz Enterprises has sold an East Memphis office building for $1.3 million.

Belz Investco GP sold the Park Avenue Professional Building at 930 S. White Station Road, at the northeast corner of White Station and Park Avenue, to Mem1 RE LLC, according to an Oct. 31 warranty deed. The buyer is affiliated with Dallas-based real estate investment company Pro Domo LLC.

90. Park Avenue Professional Building Sells for $1.3 Million -

An affiliate of Memphis-based Belz Enterprises has sold an East Memphis office building for $1.3 million.

Belz Investco GP sold the Park Avenue Professional Building at 930 S. White Station Road, at the northeast corner of White Station and Park Avenue, to Mem1 RE LLC, according to an Oct. 31 warranty deed. The buyer is affiliated with Dallas-based real estate investment company Pro Domo LLC.

91. 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.

92. Midtown Retail Center Owner Files $3 Million Loan -

The owner of the retail building at 1460 Union Ave. in Midtown that houses Office Max and Cricket stores has filed a $2.9 million loan on the property.

93. Gestalt Schools Signs Lease in Hickory Hill -

A charter school operator has inked a lease for space on Winchester Road in Hickory Hill.

Gestalt Community Schools has leased 57,000 square feet of space at 5360 Winchester Road inside the Mendenhall Square shopping center.

94. Eastgate Set for Possible Makeover -

A venerable shopping center in East Memphis could be getting a significant makeover, according to a recent retail market report from CB Richard Ellis Memphis.

Eastgate Center LLC, the owner of Eastgate Shopping Center at Park Avenue and White Station Road in East Memphis, could make significant aesthetic improvements to the retail center beginning this year.

95. Hilton Garden Inn Planned for Former Bus Station -

A Knoxville-based hospitality company has closed on the purchase of the vacant Greyhound facility Downtown and will transform the property into a Hilton Garden Inn.

Turkey Creek Hospitality completed the $1.7 million purchase of the 1.3-acre property Tuesday, March 18, and will bring a 140-room Hilton Garden Inn to the heart of Downtown Memphis. Hank Martin and Elliot Embry with NAI Saig Co. represented Greyhound Lines Inc. in the transaction.

96. Midtown Office Max Sells for $3.9 Million -

An affiliate of Atlanta-based real estate investment firm Core Property Capital has paid $3.9 million for the retail building at 1460 Union Ave. that houses Office Max and Cricket stores.

97. Loeb Files $2 Million Loan on Park Place -

The Loeb Properties affiliate that owns Park Place Centre at Park Avenue and Ridgeway Road has filed a $2 million loan on the property.

Park Place Memphis LLC filed the deed of trust and security agreement and fixture filing statement (second priority) Feb. 13 through Thrivent Financial for Lutherans. Loeb vice president Earl Williams signed the trust deed on behalf of the borrower.

98. Smucker Files $16 Million Permit for Plant Expansion -

4789 Cromwell Ave.
Memphis, TN 38118
Permit Cost: $16 million

Project Cost: $41 million
Permit Date: Applied January 2014
Completion: TBA
Owner: The J.M. Smucker Co.
Tenant: The J.M. Smucker Co.
Architect: N/A
Contractor: N/A
Details: The J.M. Smucker Co. has filed a $16 million permit with the city-county Office of Construction Code Enforcement as part of its planned plant expansion at 4789 Cromwell Ave. in Oakhaven.

99. Hard Rock Files Permit for New Beale Locale -

Hard Rock Cafe International (USA) has filed a $2.5 million permit with the city-county Office of Construction Code Enforcement for interior renovations at 126 Beale St.

100. Belz Launches Hotel Management Venture -

The night before Conduit Global announced this week it will hire 1,000 people to staff a large call center in Shelby County, representatives of the company stayed at The Peabody hotel.

Not only did they let it be known they were impressed by the South’s Grand Hotel, they said they’d love to stay at the Peabody again when they come back to Memphis. Other groups also use the hotel for similar purposes – the University of Memphis men’s basketball team, for example, might bring recruits there, as might St. Jude Children’s Research Hospital when they bring a doctor to town they want to woo to the city.