The iBank Tower, located at 5050 Poplar Ave., has sold for $19.2 million, and for the first time, the same owner controls both the iBank Tower and the nearby Clark Tower at 5100 Poplar Ave.

2. Fieldstone Apartments Files $15M Construction Loan - Saturday, May 02, 2015

Fieldstone Apartments III LLC filed a $15 million construction loan with SunTrust Bank for the development of a new phase of Fieldstone Apartments in Southeast Memphis.

3. University of Memphis Foundation Applies for $1 Million Building Permit - Tuesday, April 28, 2015

1115 E. Getwell Loop
Memphis, TN 38111
Permit Amount: $1 million

Applicant: The University of Memphis Foundation
Project Cost: $40 million
Permit Application Date: April, 2015
Architect: Fleming Architects
Contractor: Grinder, Taber & Grinder Inc.
Details: The University of Memphis Foundation has applied for a $1 million building permit for a new facility at the university’s Park Avenue campus.

4. Fieldstone Apartments Files $15M Construction Loan - Monday, April 27, 2015

Fieldstone Apartments III LLC filed a $15 million construction loan with SunTrust Bank for the development of a new phase of Fieldstone Apartments in Southeast Memphis.

5. Wave of New Retail Construction Boosts Contractors - Saturday, March 07, 2015

Retail development in the Memphis area is booming in what construction and retail officials describe as the most active period for retail construction since the recession, with everything from a massive outlet mall in Southaven to grocery stores and smaller, traditional retail centers going up.

6. FedEx Supply Chain Expansion Wins Tax Freeze - Thursday, November 27, 2014

FedEx Supply Chain Services appears poised to move ahead with an expansion in Memphis.

The third-party logistics arm of FedEx, recently won a five-year tax freeze for a $6.8 million expansion to its 454,713-square-foot warehouse at 5050 E. Holmes Road.

7. Lightman Realty Begins Fieldstone Expansion - Saturday, October 18, 2014

Michael Lightman Realty Co. is moving forward with an expansion of the Fieldstone Apartments.

8. Acura of Memphis Owner Buys Dealership, Land - Tuesday, October 14, 2014

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

9. Lightman Realty Begins Fieldstone Apartments Expansion - Monday, October 13, 2014

Michael Lightman Realty Co. is moving forward with an expansion of the Fieldstone Apartments.

10. Shelby Farms Files $25 Million Permit for Lake Expansion - Monday, May 26, 2014

500 Pine Lake
Memphis, TN 38134
Permit Cost: $25 million

Project Cost: $52 million
Permit Date: Applied May 2014
Completion: June 2016
Owner: Shelby Farms Park Conservancy
Tenant: Shelby Farms Park Conservancy
Architect: james corner field operations
Contractor: Montgomery Martin Contractors LLC
Details: The Shelby Farms Park Conservancy has filed a $25 million permit with the city-county Office of Construction Code Enforcement to expand Patriot Lake.

11. Fieldstone Apartments Pays $1.8 Million for Land - Friday, May 23, 2014

Fieldstone Apartments III LLC – an affiliate of Michael Lightman Realty Co. – has paid $1.8 million for land near its Southeast Memphis property.

12. Dallas Company Buys Macon Road Center - Tuesday, April 15, 2014

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.

13. Permit Filed for Marshalls Store at Centennial Commons - Monday, April 14, 2014

Michael Lightman Realty Co. has filed a $2.1 million building permit with the city-county Office of Construction Code Enforcement for a Marshalls retail store in Centennial Commons.

14. Commercial Real Estate Market Reawakens - Saturday, November 09, 2013

After suffering through a prolonged slump, the Memphis commercial real estate market this year began to shake off the rust that gathered during the “Great Recession,” and brighter days could be ahead for the prime markets in the apartment, retail, office and industrial sectors, according to local experts.

15. ‘Pro-Business’ - Monday, November 04, 2013

The explosive population growth and business-friendly environment in DeSoto County have combined to transform its formerly sleepy suburbs into thriving retail and industrial development centers.

Today, Goodman Road looks more and more like a busy commercial strip in Memphis, and DeSoto County has become the favored location for large industrial developers.

16. ‘Pro-Business Environment’ - Saturday, November 02, 2013

The explosive population growth and business-friendly environment in DeSoto County have combined to transform its formerly sleepy suburbs into thriving retail and industrial development centers.

Today, Goodman Road looks more and more like a busy commercial strip in Memphis, and DeSoto County has become the favored location for large industrial developers.

17. Apartment, Retail Markets Holding Steady - Friday, November 01, 2013

The Memphis area multifamily and retail markets continue to chug along, with the newer, more upscale products in each sector propping up both overall markets.

Those trends and others in commercial real estate will be the subject of discussion Thursday, Nov. 7, during the 2013 Commercial Real Estate Review & Forecast, one of six seminars in The Daily News’ 2013 Seminar Series.

18. Krystal Buys Winchester Fast Food Restaurant - Tuesday, July 16, 2013

The Krystal Co. has paid $575,000 for the fast food restaurant site at 7073 Winchester Road in Southeast Memphis.

19. Green Line Marketing Doubles Office - Friday, February 15, 2013

Green Line Marketing Group has outgrown its East Memphis office space due to its expanded staff and client roster.

The boutique agency has signed a 2,000-square-foot lease in Racquet Club Plaza, where it will relocate from its three 350-square-foot executive suites in Clark Tower by the end of the month.

20. CashSaver Trades Hands for $3.2 Million - Friday, December 28, 2012

The CashSaver in Midtown has traded hands. 

Kansas City, Kan.-based Super Market Developers Inc. bought the 69,017-square-foot building at 1620 Madison Ave. at Avalon Street from 1620 Madison LLC for $3.2 million. Fred Monks III, president/chief manager of 1620 Madison LLC, signed the special warranty deed.

21. Fieldstone Apartments Files $9 Million Loan - Tuesday, October 02, 2012

Fieldstone Apartments III LLC – an affiliate of Michael Lightman Realty Co. – has filed a nearly $9 million loan through SunTrust Banks Inc. for land that will become a new apartment phase.

22. McDonald’s Buys Lamar Retail Center for $850,000 - Tuesday, August 28, 2012

2342 Lamar Ave.
Memphis, TN 38114

Sale Amount: $850,000

Sale Date: Aug. 17, 2012

23. Fieldstone Apts. Buys Land for Third Phase - Wednesday, August 22, 2012

Fieldstone Apartments III Co. has paid $1 million for almost 17 acres of vacant land on Tournament Drive in Southeast Memphis for a new apartment phase.

24. Raleigh Office Complex Sold To Local Entity - Friday, August 03, 2012

An office complex in Raleigh has traded hands after being under the same family ownership for more than 30 years.

Commercial Real Estate Network LLC, a local investor, has purchased the 40,756-square-foot Raleigh Center Office Complex at 2974 Austin Peay Highway from Charles R. Averwater Living Trust for $299,000.

25. Pera, Lightman, Rainer V Take Top Pinnacle Awards - Thursday, April 26, 2012

The Memphis Area Association of Realtors Commercial Council honored the top performers in commercial real estate for 2011 at the 11th annual Pinnacle Awards gala, held Tuesday, April 24, at the Holiday Inn University of Memphis.

26. ‘Get In and Out’ - Monday, December 19, 2011

In a local commercial real estate market where prices have plunged as much as 40 percent from 2007 peaks, special service companies are taking advantage of opportunities for buying distressed debt.

27. Mt. Zion Upgrades to Larger Church in Frayser - Friday, February 18, 2011

Two Memphis area churches have closed on a deal that’s been in the pipeline for about a year and a half.

Mt. Zion Baptist Church, 1280 Stonewall St., bought the 36,000-square-foot church at 1621 Dellwood Ave. in Frayser from Schoolfield United Methodist Church Inc. for $500,000.

28. Family Dollar Signs 2 Leases for Stores - Friday, February 11, 2011

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.

29. Cheddar’s Casual Café Comes to Memphis - Friday, December 03, 2010

Cheddar’s Casual Café has recently filed for a $1.4 million building permit for about 8,600 square feet at 7684 Winchester Road in Michael Lightman Realty Co.’s Centennial Commons development.

30. Aces Increases Presence With Two Leases - Friday, December 03, 2010

Aces A/C Supply North has recently signed two leases in the region – one in Memphis and one in Jackson, Tenn.

Carrollton, Texas-based Aces, a representative of American Standard Heating and Air Conditioning, is a wholesaler of air conditioning and equipment and parts.

31. Lightman Files Loan To Build Toys ‘R’ Us - Tuesday, April 13, 2010

Michael A. Lightman Sr. has filed a $6 million construction loan through SunTrust Bank to build a 47,000-square-foot Toys ‘R’ Us on the west side of the Centennial Commons retail development at Tenn. 385 and Winchester Road.

32. Southwind Apartment Complex Foreclosed - Friday, April 09, 2010

The 306-unit Preserve at Southwind Apartments near Hacks Cross Road and Tenn. 385 in Southeast Shelby County has been foreclosed and will be sold on the Shelby County Courthouse steps, according to a notice on Page 37 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

33. Lightman Files Permit for Retail Center - Tuesday, February 02, 2010

7706 Winchester Road
Memphis, TN 38125
Permit Amount: $1 Million

Project Cost: $3 million
Permit Date: Applied January 2010
Completion: Late summer
Owner: Michael Lightman Realty LLC
Tenant: TBD
Contractor: Linkous Construction Co. Inc.
Architect: Al Davidson of Davidson LLC

34. Lightman Files Permit For Centennial Center - Thursday, January 28, 2010

Michael Lightman Realty LLC has filed a $1 million permit application with the city-county Office of Construction Code Enforcement to build the shell of an 18,000-square-foot retail center called the Shoppes of Centennial.

35. ArtsMemphis Names Board of Directors - Friday, November 27, 2009

ArtsMemphis has announced its new board chair and eight new board members.

Anne Stokes will serve as the new chairwoman.

36. Office Depot Slated For Centennial Commons - Monday, September 21, 2009

Michael Lightman Realty Co. has filed an $800,000 permit application with the city-county Office of Construction Code Enforcement to build an Office Depot store at 7726 Polo Grounds Blvd. in the Centennial Commons retail center.

37. Loan Filed for Phase Two Of Centennial Gardens Apartments - Tuesday, January 27, 2009

7751 Centennial Drive
Memphis, TN 38125
Loan Amount: $11.5 Million

Loan Date: Jan. 15, 2009
Maturity Date: Jan. 15, 2013
Borrower: Lightman Centennial Gardens Co.
Lender: SunTrust Bank

38. Centennial Gardens Files $11.5M Loan for Phase II - Wednesday, January 21, 2009

Lightman Centennial Gardens Co., a division of Michael Lightman Realty Co., on Jan. 15 closed an $11.5 million construction loan with SunTrust Bank for the second phase of the Centennial Gardens apartment complex in Southeast Memphis. The address is 7751 Centennial Drive, west of Hacks Cross Road and south of Winchester Road.

39. Sept. Commercial Sales Drop 18% - Monday, October 27, 2008

Shelby County’s commercial real estate market was highlighted by a wide variety – but a low volume – of transactions in September, revealing a continued slowdown because of the credit crisis and overall economic slowdown.

40. Lightman Realty to Begin Phase II of Centennial Gardens - Tuesday, October 14, 2008

7751 Centennial Drive
Memphis, TN 38125
Permit Amount: $10.6 Million

Project Cost: $14 million
Permit Date: Applied October 2008
Completion: 2010
Owner: Michael Lightman Realty Co.
Tenant: Michael Lightman Realty Co.
Contractor: Patton & Taylor Construction Co.
Architect: MMH Hall Architects and Planners Inc

41. Lightman Files $10.6M Permit For Centennial Gardens - Thursday, October 09, 2008

Michael Lightman Realty Co. has filed a $10.6 million permit application with the city-county Department of Construction Code Enforcement to build the second phase of the Centennial Gardens apartments at 7751 Centennial Drive in Southeast Memphis. The property is off Hacks Cross Road south of Winchester Road.

42. Lightman Buys Back Land To Bolster Retail Center - Tuesday, September 23, 2008

Three acres in Centennial Commons
Memphis, TN 38125
Sale Amount: $2 Million

Sale Date: Sept. 12, 2008
Buyer: Michael A. Lightman Sr.
Seller: Winsouth Hotel Partnership

Details: Michael Lightman Sr. has bought back a three-acre parcel of land in Centennial Commons retail center that he sold to Winsouth Hotel Partnership nine years ago for $1.4 million. The land is on the southwest corner of the Centennial site, which is north of Winchester Road, east of Germantown Road and near Tenn. 385.

43. JCPenney Prepares to Open Centennial Commons Store - Monday, September 22, 2008

J.C. Penney Co. Inc. is preparing to open a new store at Centennial Commons at 7700 Polo Grounds Blvd.

The official grand opening for the new JCPenney will take place Oct. 3, beginning with a ribbon-cutting ceremony at the store’s main entrance at 8:45 a.m.

44. Lightman Buys Piece Of Polo Grounds for $2M - Friday, September 19, 2008

Michael A. Lightman Sr. has acquired three more acres in the Polo Grounds North Planned Development, where his company, Michael Lightman Realty Co., is building the Centennial Commons retail center. Lightman bought the acreage for $2 million in a special warranty deed from Winsouth Hotel Partnership. The sale closed Sept. 12.

45. Jo-Ann Fabric, Dollar Tree Coming to Centennial Commons - Tuesday, April 29, 2008

7746 and 7686 Polo Grounds Blvd.
Memphis, TN 38125
Permit Amounts: $1.1 Million and $360,000

Project Cost: $1.5 million
Permit Date: Applied April 2008
Completion: TBA
Owner: Michael Lightman Realty Co.
Tenants: Jo-Ann Fabric and Craft Stores and Dollar Tree Stores Inc.
Contractor: Linkous Construction Co. Inc.
Details: Michael Lightman Realty Co. has filed two more permits for construction on the 250,000-square-foot Centennial Commons shopping center on Polo Grounds Boulevard., north of Winchester Road, east of Tenn. 385 and south of Callis Cutoff Road. Lightman will build stores for Jo-Ann Fabric and Craft Stores and Dollar Tree Stores Inc., with construction beginning in the next two weeks and finishing later in the year, said Michael Lightman Jr. Those two retailers will join JCPenney and Dick’s Sporting Goods; construction already has begun on those stores.
Lightman said the shopping center has room for more tenants, but he will wait for users and build stores to suit. He is targeting additional retail shops for the remaining space, looking for holes in the busy 385/Winchester/Hacks Cross area. “We’re trying to meet all needs,” he said. “It’s going to be very nice.”
Lightman said Centennial Commons’ first openings should occur in October. “JCPenney will be open sooner, but they’re a little bit ahead of everybody else,” Lightman said. Centennial Commons is part of the 300-acre Centennial Park project, which Michael Lightman Realty Co. has been developing for a decade. Centennial Park includes retail stores, medical offices, restaurants, a hotel and apartments.

46. Q4 Commercial Sales Down 8 Percent - Thursday, January 24, 2008

Though Shelby County's commercial real estate performed well through most of 2007, sales declined more than 8 percent in the fourth quarter, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

47. Archived Article - Tuesday, December 04, 2007

756 Ridge Lake Blvd.
Memphis, TN 38120
Sale Amount: $4.3 million

Sale Date: Nov. 16, 2007

Buyer: 756 RL Group I LLC (78.439 percent interest); 756 RL Private Investor I LLC (12.139 percent interest); 756 RL Private Investor II LLC (9.422 percent interest)

48. Archived Article - Tuesday, November 13, 2007

10505 U.S. 64
Arlington, TN 38002
Sale Amount: $4.4 million

Sale Date: Nov. 2, 2007

Buyer: RMLP Lock and Latch Holdings LLC (56.7% interest) and Lock and Latch Holdings LLC (43.3% interest)

49. Lightman Co. Buys LandFor Centennial Commons - Thursday, August 16, 2007
     Michael A. Lightman has bought about 13 acres near the planned Centennial Commons shopping center in two transactions. The purchases included 12.05 acres from Diversified Trust Co., trustee, for $2.6 million and .88 acre

50. $15.3M Permit FiledFor Centennial Gardens - Tuesday, July 24, 2007
     Michael Lightman Realty Co. is moving ahead with the planned $18 million, 256-unit phase one of Centennial Gardens apartments in the Centennial Park development. The company has filed a $15.3 million permit for the compl

51. Centennial Development AddsJCPenney, Luxury Apartments - Thursday, April 19, 2007
     A JCPenney department store, along with a 256-unit apartment complex, will be the newest additions to Michael Lightman Realty Co.'s group of Centennial developments at Winchester Road and Tenn. 385.
  &nbs

52. Archived Article - Tuesday, March 06, 2007

Four parcels near
Germantown Parkway
Sale Amounts: $700,000; $28.3 million

Sale Date: Feb. 15, 2007 (for both)

53. New Firestone PlannedNear Winchester/Hacks Cross - Thursday, March 01, 2007
     A roughly 7,600-square-foot Firestone auto care center is slated to go up in Michael Lightman Realty Co.'s Centennial Park Development. The property is on Centennial Drive, a loop street that runs between Winchester and

54. Further Growth Planned Near Stonebridge - Thursday, July 14, 2005

For developer Michael Lightman Sr., a Schnucks store in the Stonebridge Crossing shopping center is the bullseye on a patch of land he has targeted for several new projects.

Lightman and Weston Cos. are partnering in a joint venture on the 92,374-square-foot center, located on U.S. Highway 64 at Fletcher Trace Parkway, near Berryhill Road. Lightman said the center was built to accommodate the Schnucks store, which opened at 9025 U.S. Highway 64 in November - the second of three new Memphis-area supermarkets opened by Schnuck Markets Inc. last year.

55. Archived Article: Daily Digest - Thursday, March 03, 2005
Winchester, Riverdale Land

Winchester, Riverdale Land

Financed for $27.5 Million

Michael A. Lightman Sr. has financed 38.78 acres near Winchester and Riverdale roads for $27.5 million, according to The Daily News Public Records Database, ww...

56. Archived Article: Real Recap - Tuesday, November 09, 2004
3955 E

Local Firm to Manage Germantown Collection

7810-7850 Poplar Ave.

Germantown, TN 38138

Cost: $8.7 million

Borrower: CH Realty III/Germantown LLC

Lender: Principal Life Insurance Co.

Trustee: C. Thomas Cates

Property: Ge...

57. Archived Article: Biz Licenses Quarterly (lead) - Tuesday, October 12, 2004
Between July 1 and Sept

Business Licenses Hold Steady in Quarter

Hickory Hill, Whitehaven top the list in filing activity

ANDY MEEK

The Daily News

Jacqueline McFerren has high hopes for Hickory Hill. She moved her small mortgage compa...

58. Archived Article: Winchester (lead) - Thursday, August 26, 2004
By Andy Meek

Winchester Center Gets New Tenants

Hollidays, specialty store add to growing corridor

ANDY MEEK

The Daily News

Weston Cos., in conjunction with Michael Lightman Realty, is continuing to add to its busy retail center at 78...

59. Archived Article: Real Focus - Tuesday, February 03, 2004
Real

Winchester Development Not Slowing Down

LANCE ALLAN

The Daily News

Once an area with an insurance agency here, a doctors office there and a few neighborhoods scattered around, Winchester Road in southeastern Shelby County is nothing...

60. Archived Article: Lightman (lead) - Tuesday, June 25, 2002
Hueys and Half Shell expand eastward

Hueys, Half Shell order

eastward expansion

By SUE PEASE

The Daily News

A Memphis developer has begun construction on a retail center in East Memphis, which will add two established restaurants to t...

61. Archived Article: Lightman (lead) - Tuesday, September 19, 2000
By Suzanne Thompson Upscale apartment complex lands near Southwind course By Suzanne Thompson THE DAILY NEWS  A slightly overbuilt local apartment market may have slowed officials at Lightman Realty from developing a multi-million dollar apartm...

62. Archived Article: Marketplace St - Monday, August 07, 2000
By SUZANNE THOMPSON Nonconnah Parkway corridor set to explode By SUZANNE THOMPSON The Daily News Nonconnah Parkway is now open from Ridgeway Road to Byhalia Road. Ongoing construction of the parkway the outer loop of the expressway that will one day...

63. Archived Article: Malco (lead) - Friday, July 21, 2000
By SUZANNE THOMPSON Cordova moviegoers to see 16 new screens By SUZANNE THOMPSON The Daily News Malco Theaters is gearing up to begin construction on a 16-screen theater at 1080 Germantown Parkway, according to Michael Lightman Sr., president of Lig...

64. Archived Article: Real Review - Tuesday, February 15, 2000
Real Review 02-15-00 Management company once again locally owned LEDIC Management Group is again under Memphis ownership. A group of local real estate veterans, led by David L. Shores, has repurchased LEDIC from Residential Co. of America, the New Y...

65. Archived Article: Retail (lead) - Tuesday, January 25, 2000
By SUZANNE THOMPSON Retail construction slows in 1999 experts predict continued decline By SUZANNE THOMPSON The Daily News The number of retail construction starts filed during 1999 dropped 9.7 percent from the number of permits filed during 1998, a...

66. Archived Article: Majestic (bott) - Tuesday, May 11, 1999
Majestic Centre nearing completion Majestic Centre nearing completion in east Memphis By LAURIE JOHNSON The Daily News Work is nearly complete on Majestic Centre, an upscale retail center under construction in the shadow of the Majestic Theatre on W...

67. Archived Article: Retail - Monday, April 20, 1998
By SUZANNE THOMPSON Retail construction starts decline in first quarter By SUZANNE THOMPSON The Daily News Retail construction starts decreased 6.6 percent in the first quarter compared with the same period in 1997. Five permits, with values totalin...

68. Archived Article: Hickory Ridge Prk - Monday, February 16, 1998
By SUZANNE THOMPSON Hickory Ridge Business Park Phase II construction to begin By SUZANNE THOMPSON The Daily News Construction will begin in April on Phase II of the Hickory Ridge Business Park at the northeast corner of Hickory Hill Road and East S...

69. Archived Article: Malco Update Lj - Tuesday, June 24, 1997
lj 10/5 cates Malcos Majestic nears completion By LAURIE JOHNSON The Daily News Construction is about 80 percent complete on Malco Theatres Inc.s largest movie house to date an 11-screen theater on Winchester Road in Memphis Hickory Hill area. The 5...

70. Archived Article: Retail Chg - Friday, January 24, 1997
Retail construction up Retail construction starts hit high for decade in í96 By CAMILLE H. GAMBLE The Daily News The value of new retail construction in Shelby County was up 40 percent in 1996, with 71 permits totaling more than $63.8 million...

71. Archived Article: Malco - Thursday, November 21, 1996
lj 10/5 cates Construction begins on Malcos largest theater to date By LAURIE JOHNSON The Daily News Construction has begun on Malco Theatres Inc.s largest movie house to date an 11-screen theater located on Winchester Road in East Shelby Countys ra...

72. Archived Article: Back Chg - Wednesday, September 25, 1996
A Clarksdale, Miss., realty group recently purchased a strip office center at 3693 Germantown Road Extended for $1.35 million from Gill Properties. Clarksdale, Miss., firm buys strip office center on Germantown Road A Clarksdale, Miss., realty group...

73. Archived Article: Lightman Dev - Wednesday, March 06, 1996
CHG 03-07 Lightman dev. Lightman begins development at Nonconnah, Riverdale Road By CAMILLE H. GAMBLE The Daily News Michael Lightman Realty Co. will break ground this week on a $30 million retail center at Riverdale and Nonconnah Parkway, one of se...