After successfully renovating the 29-story iBank Tower in Downtown Memphis, the work is done for a group of prominent Memphis investors as they prepare to sell the office building to a new owner with deeper pockets.

2. Police HQ No Longer in Running for Second Convention Center Hotel - Tuesday, August 7, 2018

The Civic Center Plaza building that is currently Memphis Police Department headquarters is out of the running to be the site of a second convention center hotel.

“That site was contemplated in the beginning. It’s no longer in the running,” Downtown Memphis Commission president Jennifer Oswalt said of 170 N. Main St. on the WKNO/Channel 10 program “Behind The Headlines.”

3. Heat Wave - Saturday, July 14, 2018

After what was a banner year in many ways for Memphis commercial real estate in 2017, projections for this year were bullish. But at the halfway point of 2018, have expectations in the area risen with the temperatures or have they begun to dry out under the sweltering summer heat? 

4. Lake District’s Newest Tenant, New Medical District Apartments - Monday, July 2, 2018

3536 Canada Road,
Lakeland, TN 38002

Tenant: Gould’s Salon and Spa

5. Binghampton Apartments, Parkside TIF Get EDGE Greenlight - Thursday, June 21, 2018

Several hundred new apartments, a South Memphis grocery store and a new TIF district were all given the green light by the Economic Development Growth Engine for Memphis and Shelby County during a busy Wednesday, June 20, board meeting. 

6. Lake District Lands Malco Theater, Former Benchmark Seeks New Life - Monday, June 11, 2018

3536 Canada Road,
Lakeland, TN 38002

Tenant: Malco Theatres Inc.

Tenant’s Agent: Michael Lightman, Michael Lightman Realty

Landlord: The Lake District

7. Malco Planning Theater For Lakeland’s Lake District - Saturday, June 9, 2018

More good news for Lakeland residents as Malco Theatres Inc. has signed a letter of intent to construct a “state-of-the-art” movie theater in The Lake District.

8. Malco Planning New 'State-of-the-Art' Theater for Lake District - Thursday, June 7, 2018

More good news for the residents of Lakeland as Malco Theatres Inc. has signed a letter of intent to construct a “state-of-the-art” movie theater in The Lake District.

The news of Malco’s 38,000-square-foot theater comes several months after the 160-plus-acre mixed-use Lake District project announced its first tenant would be The Stock Market, an upscale grocery store operated by independent retailer Jeff Burkhead.

9. One Beale, St. Jude, Sedgwick Projects Move Forward - Monday, June 4, 2018

263 Wagner Place, Memphis, TN 38103: Carlisle Corp.’s expanded plans for One Beale received unanimous approval from the Center City Revenue Finance Corp. on Tuesday, May 29.

10. The Week Ahead: April 23-29 - Monday, April 23, 2018

Good morning, Memphis. There’s no better way to start off your week than hearing the beautiful sounds of a world famous boys’ choir from London inside a historic Memphis church Downtown. And the concert is free!

11. This week in Memphis History: Jan. 12-18 - Saturday, January 13, 2018

2008: The campaign of Democratic presidential nominee Barack Obama opens its Memphis headquarters in the Eastgate Shopping Center three weeks before the Feb. 5 Super Tuesday Tennessee presidential primary. Obama and U.S. Sen. Hillary Clinton of New York are competing for the nomination. In the February primary, Clinton will carry Tennessee but Obama will take Shelby County’s base of Democratic primary voters, the largest base of Democrats in a single county in the state.

12. Lake District Developer Pays Back Lender, Project 'Gathering Steam' - Friday, December 1, 2017

A little more than a month after Gilad Development Co. began demolition of the shuttered Lakeland Factory Outlet Mall to pave way for the $375 million Lake District project, the developers have cleared another major hurdle.

13. Outdoors Retailer REI Plans First Memphis Store - Tuesday, October 10, 2017

In this week's Real Estate Recap, outdoors retailer REI eyes Ridgeway Trace for its first local store, Hilton Worldwide prepares to upgrade its Memphis campus, and several proposed Midtown projects seek financial incentives.

14. Outdoors Retailer REI Planning First Memphis Store - Monday, October 9, 2017

5895 Poplar Ave.
Memphis, TN 38119

Permit Amount: $900,000

Owner: Weingarten Realty

Tenant: REI

Details: Seattle, Washington-based sporting and camping goods retailer REI has filed a $900,000 building permit application for tenant improvement in the former Sports Authority building at 5895 Poplar Ave. in the Ridgeway Trace shopping center.

15. DHL Planning New Memphis Distribution Facility - Monday, October 2, 2017

0 Tchulahoma Rd.
Memphis, TN 38118

Tenant: DHL Supply Chain

Landlord: Belz Enterprises

16. Taylor Joins JA As VP of Development - Wednesday, September 27, 2017

Latoria Taylor has been named vice president of development for Junior Achievement of Memphis and the Mid-South. She oversees all fundraising and marketing efforts for the nonprofit, which is dedicated to teaching children “how business works” and inspiring them to own their economic success.

17. Tennessee Taco Opens in Former Los Compadres Space - Monday, September 11, 2017

3295 Poplar Ave.
Memphis, TN 38111

18. Two Apartment Complexes Sell for $11 Million - Monday, September 4, 2017

Two apartment complexes in northern Shelby County have been purchased by a Arkansas realty group for nearly $11 million, according to a pair of warranty deeds filed with the Shelby County Register.

19. Atlanta Retail Investor Makes $29M Purchase - Thursday, July 20, 2017

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...

20. Bartlett Shopping Center Sells for Nearly $30M - Wednesday, July 19, 2017

An Atlanta-based real estate investment firm has made its first purchase in the Memphis market with the acquisition of a 198,103-square-foot shopping center in the heart of Bartlett.

The Bartlett Towne Centre, located at 6005 Stage Road, was acquired by Branch Properties LLC from Houston-based real estate investment trust Weingarten Realty for $28.8 million.

21. Malco Pulls Additional Building Permit for Downtown Theater - Thursday, July 13, 2017

Malco Theatres’ Downtown movie theater continues to take shape, with the Memphis-based cinema chain seeking its second multimillion-dollar building permit for the project in recent months.

45 E. G.E. Patterson Ave.
Memphis, TN 38103
Permit Amount: $5 million

22. Malco Pulls Additional Building Permit for Downtown Theater - Thursday, July 13, 2017

45 E. G.E. Patterson Ave.

Memphis, TN 38103

Permit Amount: $5 million

Project Cost: $55 million

Application Date: July 2017

Owner: Henry Turley Co. and Community Capital

23. The Buying And Selling Of Memphis - Saturday, May 27, 2017

Even before he went to federal prison for 25 years on a racketeering conviction in 1995, Danny Owens had a real estate portfolio. The strip-club kingpin who defined the industry in Memphis across a 20-year period owned the old Memphian movie theater and made possible its 1986 sale to Playhouse on the Square by donating $160,000 toward its purchase.

24. Hickory Hill Home Depot Site Sells for $15 Million - Thursday, March 16, 2017

3469 Riverdale Road
Memphis, TN 38115 

Sale Amount: $15.7 million

Sale Date: March 3, 2017

Buyer: Spirit Realty Capital

25. Warren, Tulane Complexes Find Buyer - Tuesday, March 14, 2017

The court-appointed receiver in the Memphis federal court case involving Global Ministries Foundation has an offer to buy the Tulane and Warren apartment complexes owned by GMF.

Cleveland, Ohio-based Millenia Housing Development Ltd. has offered the receiver $3 million for both properties, according to court documents and a legal notice in the Tuesday, March 14, edition of The Daily News.

26. Tapping Young Donors - Saturday, March 11, 2017

Amelia Thompson is everything a nonprofit is looking for now and in the future. A 30-year-old Memphian who graduated White Station High School, she has worked with a nonprofit in Washington, D.C. and been a buyer for Macy’s in New York.

27. Three Industrial Properties Sell for $9.6 Million - Thursday, September 15, 2016

Malone Distribution Park 

Memphis, TN 38118

Sale Amount: $9.6 million

Sale Date: Sept. 8

28. Largest Multifamily Sale Takes Place for $39.1M - Thursday, August 18, 2016

8285 Irene Blvd.
Memphis 38125

Sale Amount: $39.1 million

Sale Date: Aug. 5, 2016

Buyer: WDC Greens Investment LLC and MEM Greens at Irene LLC

29. $21.6 Million in Construction Headed to Graceland - Thursday, May 26, 2016

1064 Craft Road

Memphis, TN 38116

Permit Amount: $18.1 million

Project Cost: $21.6 million

30. $12.6M Building Permit For New Ballet Memphis HQ - Thursday, April 21, 2016

2144 Madison Ave.
Memphis, TN 38104
Permit Amount: $12.6 million

Owner: Ballet Memphis
Tenant: Ballet Memphis
Architect: Archimania
Contractor: Grinder, Taber & Grinder
Details: Ballet Memphis is setting the stage for its Overton Square headquarters as Grinder, Taber & Grinder recently applied for a $12.6 million building permit for new construction.

31. LEDIC Founder Buys Metro 67 Apartments - Saturday, April 16, 2016

The Metro 67 Apartments in Downtown Memphis has been sold by a Dallas equity firm to Scott Ledbetter, founder and chairman-emeritus of LEDIC Management Group in Memphis, and members of his family.

32. Metro 67 Apartments Bought by LEDIC Founder - Thursday, April 14, 2016

The Metro 67 Apartments in Downtown Memphis has been sold by a Dallas equity firm to Scott Ledbetter, founder and chairman-emeritus of LEDIC Management Group in Memphis, and members of his family.

33. City Has Offer On Adams Police Station - Monday, March 14, 2016

The realty group that proposed a short-lived Hotel Overton for Overton Square in 2015 has offered the city of Memphis $1.1 million for the old Central Police Station building at 128 Adams Ave.

34. City Has Offer On Adams Police Headquarters - Friday, March 11, 2016

The realty group that proposed a short-lived Hotel Overton for Overton Square in 2015 has offered the city of Memphis $1.1 million for the old Central Police Station building at 128 Adams Avenue.

35. Airport-Area Industrial Sells for $1.2 Million - Thursday, March 10, 2016

1525 Three Place, 3365-3378 One Place
Memphis, TN 38116

Sale Amount: $1.2 million

Buyer: Gregory Realty

Seller: One Place Associates

36. Last Word: Election Day, Luttrell Makes It Six, And About "Executive Sessions" - Tuesday, March 1, 2016

Can You Feel It? Tuesday is election day in Memphis and across the state in this presidential election year. And all indications are the turnout locally should be above the 24 percent mark we’ve been at in the last two presidential election years.

37. The Week Ahead: Feb. 22, 2016 - Monday, February 22, 2016

Good morning Memphis. The Monday holidays are gone for a while, we’re afraid, but you’ve got a whole week to finish that work instead of just four days. Here are a few items to look forward to this week, led by the annual announcement of performers who will descend on Memphis this May for the Beale Street Music Festival.

38. Save-A-Lot to Anchor New Sam Cooper Shopping Center - Tuesday, February 2, 2016

Southeast Corner of Sam Cooper
Boulevard and Tillman Street
Memphis, TN 38104

Tenant: Save-A-Lot

Size: 16,300 square feet

Tenant’s Agent: Frank Dyer, Loeb Realty Group

39. Save-A-Lot to Anchor Binghampton Retail Center - Saturday, January 30, 2016

Save-A-Lot Food Stores is the anchor tenant for the Binghampton Grocery Center, a new shopping complex at the corner of Sam Cooper Boulevard and Tillman Street developed by the Binghampton Development Corp.

40. Save-A-Lot to Anchor Binghampton Retail Center - Tuesday, January 26, 2016

Save-A-Lot Food Stores is the anchor tenant for the Binghampton Grocery Center, a new shopping complex at the corner of Sam Cooper Boulevard and Tillman Street developed by the Binghampton Development Corp.

41. Four Beale Street Proposals Feature Different Backgrounds - Monday, January 18, 2016

Jeff Sanford fielded inquiries from 17 or 18 companies, local and out of town, expressing some level of interest in the contract to manage the Beale Street entertainment district.

42. Memphis Chamber Names ‘10 to Watch’ in 2016 - Saturday, January 16, 2016

The Greater Memphis Chamber has released its “10 to Watch” in 2016 list, recognizing companies and organizations that over the past year showed outstanding leadership, growth and commitment to success.

43. Memphis Chamber Names ‘10 to Watch’ in 2016 - Friday, January 15, 2016

The Greater Memphis Chamber has released its “10 to Watch” in 2016 list, recognizing companies and organizations that over the past year showed outstanding leadership, growth and commitment to success.

44. Mall of Memphis Property Bought by Trucking Company - Tuesday, January 5, 2016

113-Acre Former
Mall of Memphis Site
Sale Amount: $3.9 million

Sale Date: Dec. 29, 2015
Buyer: TAG Real Estate Holdings LLC
Seller: Memphis Industrial Properties LLC (Johnson Development Associates Inc.)
Loan Amount: $23 million
Loan Date: Dec. 29, 2015
Lender: Mercedes-Benz Financial Services USA LLC
Details: The 113-acre former Mall of Memphis property has a new owner. TAG Real Estate Holdings, an affiliate of Memphis-based TAG Truck Enterprises LLC, paid $3.9 million, or $34,513 an acre, to buy the property from Johnson Development Associates Inc., acting as Memphis Industrial Properties LLC.

45. St. Jude Files $10 Million Construction Permit - Tuesday, December 1, 2015

650 St. Jude Place
Memphis, TN 38105

Permit Amount: $10 million

Application Date: Nov. 24, 2015

Owner: St. Jude Children’s Research Hospital

Tenant: St. Jude Children’s Research Hospital

46. Ikea PILOT Extension Approved - Thursday, November 19, 2015

Nearly 10 months after the Memphis-Shelby County Development Growth Engine approved tax breaks for Ikea, it returned to the board with a new plan.

The Swedish retail giant requested EDGE extend its property tax abatement by 11 months to make up for a dispute over the property tax appraisal on the Cordova land.

47. LEDIC to Open New Headquarters in East Memphis - Wednesday, November 11, 2015

LEDIC, a Memphis-based manager, owner and developer of multifamily properties around the country, is building a new $10.2 million state-of-the-art headquarters facility in Memphis.

The company will create 300 new Tennessee jobs in the process, LEDIC announced Wednesday, Nov. 11. About 100 of the new jobs will be based at the new national headquarters at 555 S. Perkins Rd. The remaining 200, which include management, construction, maintenance and leasing positions, will be distributed throughout the state.

48. Ballet Memphis Closes On French Quarter Suites Purchase - Tuesday, August 18, 2015

2144 Madison Ave.
Memphis, TN 38104

Sale Amount: $4.2 million

Sale Date: Aug. 6, 2015

49. Warehouse At Perimeter Point Sells for $775,000 - Friday, July 31, 2015

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.

50. Biomedical Company Expanding in Southeast Memphis - Friday, July 17, 2015

Cognate Bioservices Inc. is launching a 32,500-square-foot expansion at its manufacturing facility at 4600 E. Shelby Drive in southeast Memphis near Lamar Avenue.

51. New Hotel Planned for Downtown Memphis - Thursday, July 9, 2015

Two Ohio-based development firms plan to build a new hotel on a vacant site in Downtown Memphis.

The Orlean Co. of Beachwood, Ohio, and Ceres Development LLC of Westlake, Ohio, plan on building a Cambria Suites on a 3.3-acre lot on the south side of Union across from Fourth Street, just west of Danny Thomas Boulevard.

52. Ikea Seeks $16 Million Permit For First Memphis Store - Tuesday, July 7, 2015

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.

53. Hillwood Pays $17.7 Million for FedEx SupplyChain Facility - Tuesday, June 16, 2015

5050 E. Holmes Road and 0 Lamar Ave.
Memphis, TN 38118
Sale Amount: $17.7 million

54. Del-Nat Sells Warehouse, Newby’s Makes A Comeback - Friday, June 12, 2015

Del-Nat Tire Co. has unloaded a 500,000-square-foot warehouse in Southwest Memphis.

Sunhill Holdings LLC acquired the warehouse at 2365 Texas Drive for $6 million from Del-Nat Realty.

55. Larger Hotel Overton To Replace French Quarter Inn - Tuesday, May 5, 2015

The idea of an Overton Square hotel has long been a part of plans for the Midtown entertainment district, which marks the 45th anniversary of its founding this month.

Seven years after the district’s first hotel, the French Quarter Inn, closed its doors for good, there are plans for a new five-story, 134-suite Hotel Overton on the same northeast corner of Madison Avenue and North Cooper Street.

56. Real Estate Industry Emerges From Frigid Winter With High Hopes - Saturday, May 2, 2015

Overall home sales in Shelby County were essentially flat in the first quarter while homebuilding activity increased, despite arctic temperatures in February and March that could have put the residential real estate sector in the deep freeze.

57. Shelby County Commercial Sales Revenue Surges in First Quarter - Friday, May 1, 2015

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.

58. REIT Acquires Three Hotels for $39.6 Million - Tuesday, April 14, 2015

7905 Giacosa Place, 5320 Poplar Ave. and 7855 Wolf River Boulevard
Memphis, TN
Sale Amount: $39.6 million

59. Shelby Farms Conservancy Seeks $7.2 Million in Permits - Tuesday, February 3, 2015

6093 N Patriot Lake Blvd.
415 E. Patriot Lake Blvd.
Memphis, TN 38118
Permit Amount: $7.2 million

60. The Preserve at Southwind Sells for $28 Million - Tuesday, January 6, 2015

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.

61. Southwind Apartments Sell for $28 Million - Saturday, January 3, 2015

A team that includes Memphis-based Fogelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

G&I VII Preserve at Southwind LLC, a joint venture between Rick and Mark Fogelman and New York-based DRA Advisors LLC, sold the 306-unit complex to Colorado-based Preserve at Southwind Apartments LP, an affiliate of Continental Realty Advisors Ltd., according to a Dec. 22 warranty deed. The sellers acquired the property for $22.1 million in 2011.

62. Southwind Apartments Sell for $28 Million - Tuesday, December 30, 2014

A team that includes Memphis-based Fogelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

G&I VII Preserve at Southwind LLC, a joint venture between Rick and Mark Fogelman and New York-based DRA Advisors LLC, sold the 306-unit complex to Colorado-based Preserve at Southwind Apartments LP, an affiliate of Continental Realty Advisors Ltd., according to a Dec. 22 warranty deed. The sellers acquired the property for $22.1 million in 2011.

63. Shelby County Commercial Sales Dip in October - Friday, December 12, 2014

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.

64. Highland Row Developer Applies for $6.7 Million Permit - Tuesday, November 11, 2014

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.

65. Overton Square Highlights Commercial Real Estate Positives - Monday, November 10, 2014

The old owners of Overton Square had a plan to remove existing local tenants and retailers and replace them with national retailers.

They succeeded in emptying Overton Square of tenants, but couldn’t attract new national retailers, leaving what was left to twist in the wind.

66. Courtyard Memphis East Sells for $11.7 Million - Saturday, November 8, 2014

Another East Memphis hotel has been sold, this one fetching $11.7 million.

The sale was part of a larger $1.1 billion deal New York City-based NorthStar Realty Finance Corp. announced in September to acquire 52 hotels across the country.

67. Courtyard Memphis East Sells for $11.7 Million - Thursday, November 6, 2014

Another East Memphis hotel has been sold, this one fetching $11.7 million.

The sale was part of a larger $1.1 billion deal New York City-based NorthStar Realty Finance Corp. announced in September to acquire 52 hotels across the country.

68. Sprouts Farmers Market Applies for Building Permit - Tuesday, October 21, 2014

3150 Village Shops Drive
Germantown, TN 38138

Project Cost: $1.5 million

Applied: Oct. 14, 2014

69. Waterford Place Apartments Sells for $28.3 Million - Monday, October 20, 2014

The 320-unit Waterford Place Apartments in Southeast Shelby County has sold to an entity affiliated with Chicago-based Trilogy Real Estate Group for $28.3 million, or about $88,438 per unit.

TMF III Waterford Place Partnership purchased the complex in an Oct. 16 special warranty deed from WRF-Waterford Place LLC, an entity related to Boston-based real estate investment trust Winthrop Realty Trust. Winthrop bought the property in April 2012 for $21.5 million.

70. 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

71. Stonebridge Crossing Sells for $29.8 Million - Tuesday, September 30, 2014

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

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

72. FedEx Decides Not to Renew a Renaissance Center Lease - Thursday, September 4, 2014

FedEx has decided not to renew a lease at a prominent East Memphis office building.

FedEx Services is not renewing a roughly 11,000-square-foot lease at the 189,644-square-foot Renaissance Center office building at 1715 Aaron Brenner Drive that expires Oct. 1. Employees affected by the decision will be moved to FedEx facilities, part of a broader consolidation and efficiency plan the company has been pursuing.

73. Addison at Collierville Owner Files $17 Million Loan - Tuesday, July 8, 2014

400 Orchard Circle
Collierville, TN 38017
Loan Amount: $16.8 million

Loan Date: July 1, 2014
Maturity Date: July 1, 2021
Borrower: G&I VII Addison at Collierville LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 226-unit Addison at Collierville apartments at 400 Orchard Circle W. has filed a $16.8 million loan on the property.

74. Legacy Farm Owner Files $29.8 Million Loan - Tuesday, June 24, 2014

1120 Winchester Road
Collierville, TN 38017
Loan Amount: $29.8 million

Loan Date: June 18, 2014
Maturity Date: July 1, 2021
Borrower: Legacy Farm LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 368-unit Legacy Farm apartment complex at 1120 Winchester Road in Collierville has filed a $29.8 million loan on the property.

75. Legacy Farm Owner Files $29.8 Million Loan - Monday, June 23, 2014

The owner of the 368-unit Legacy Farm apartment complex at 1120 Winchester Road in Collierville has filed a $29.8 million loan on the property.

76. Gestalt Schools Signs Lease in Hickory Hill - Friday, June 20, 2014

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.

77. Hedgemoor Square Sells for $3.6 Million - Tuesday, May 6, 2014

375 N. Graham St.
Memphis, TN 38117
Sale Amount: $3.6 million

Sale Date: April 30, 2014
Buyer: Summit Hedgemoor Square Apartments LLC
Seller: Hedgemoor Square Apartments GP
Loan Amount: $2.7 million
Loan Date: April 30, 2014
Maturity Date: N/A
Lender: Pulaski Bank

78. Commercial Real Estate Sales Up 6.1 Percent In March - Friday, April 18, 2014

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

79. Lakecrest II Sells for $4.6 Million - Friday, March 7, 2014

The Lakecrest II office building in East Memphis has changed hands again.

Southland Primacy LLC acquired the 129,104-square-foot office building at 6055 Primacy Parkway from Jefferson-Pilot Investments Inc. Feb. 28 for $4.6 million.

80. 15 Vie for County Commission Seat - Wednesday, January 8, 2014

Shelby County Commissioners will interview a group of 15 citizens Wednesday, Jan. 8, who want to become the newest member of the elected body.

The committee session interviews come before the full commission is to vote Monday, Jan. 13, on a replacement for Commissioner Wyatt Bunker.

81. French Quarter Inn Sells for $1.9 Million - Saturday, January 4, 2014

The long-vacant French Quarter Inn on Madison Avenue near Overton Square has been sold for $1.9 million, according to property records.

California-based NCE Realty and Capital Group LLC closed Dec. 31 on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street.

82. French Quarter Inn Sells for $1.9 Million - Friday, January 3, 2014

The long-vacant French Quarter Inn on Madison Avenue near Overton Square has been sold for $1.9 million, according to property records.

California-based NCE Realty and Capital Group LLC closed Dec. 31 on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street.

83. Commercial Real Estate Market Reawakens - Saturday, November 9, 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.

84. Winchester Law Firm Inks Lease at Triad Centre - Friday, November 8, 2013

The Winchester Law Firm is moving to a new space within the Triad Centre II office building in East Memphis with a new buildout.

The law firm will occupy 5,523 square feet in the Highwoods Properties office building at 6060 Poplar Ave.

85. Blume Named to Tennessee Real Estate Commission - Wednesday, October 16, 2013

Gary Blume, a veteran agent with RE/MAX Real Estate Experts, has been appointed by Gov. Bill Haslam to a five-year term on the Tennessee Real Estate Commission. Blume is a past president of the Memphis Area Association of Realtors and has served twice as president of the Tennessee Real Estate Educational Foundation.

86. Frayser Apartments Again Bought Out of Foreclosure - Tuesday, October 8, 2013

An entity called MRC Memphis LLC has paid $1.2 million for the Whitney Manor and Frayser Manor apartment complexes in Frayser, following a foreclosure of the properties.

87. New Jersey Firm Buys Pendleton Place Apartments - Tuesday, October 1, 2013

1780 Pendleton St.
Memphis, TN 38114
Sale Amount: $3.1 million

Sale Date: Sept. 11, 2013
Buyer: Pendleton Apartments LLC
Seller: Pendleton Investors LLC
Details: An affiliate of Teaneck, N.J.-based The Aspen Cos. has paid $3.1 million for the Pendleton Place Apartments at 1780 Pendleton St. in the Defense Depot area.

88. Regency at Raleigh Owner Files $1.6 Million Loan - Wednesday, September 25, 2013

The owner of the Regency at Raleigh apartment complex at 4544 New Allen Road has filed a $1.6 million construction loan on the property.

89. Influence1 Files $2.6 Million Loan for Former Bishop Byrne - Monday, September 2, 2013

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.

90. Market of Riverdale Bend Sells for $6.2 Million - Tuesday, July 16, 2013

7114-7186 Winchester Road Memphis, TN 38125

Sale Amount: $6.2 million

Sale Date: July 2, 2013

91. Market of Riverdale Bend Sells for $6.2 Million - Friday, July 12, 2013

Four tenants in common have paid $6.2 million for the Market of Riverdale Bend shopping center on Winchester Road in Southeast Memphis.

The four buyers, shown in descending order of ownership percentage, are Peter Laspina Jr. (49.5 percent); 25-19 34th St. Realty Corp. (34.83 percent); Riverdale Center Investors LLC (14.67 percent); and Riverdale Market LLC (1 percent).

92. James Lee House Owner Files Construction Loan - Tuesday, June 18, 2013

690 Adams Ave.
Memphis, TN 38105
Loan Amount: $1 million

Loan Date: June 4, 2013

Maturity Date: June 4, 2019

93. Oakhaven Warehouse Sells for $11.3 Million - Tuesday, June 11, 2013

5155 Citation Drive
Memphis, TN 38118
Sale Amount: $11.3 million

Sale Date: May 21, 2013

94. Owner Files Loan on Humphrey Hampton Inn - Thursday, June 6, 2013

The owner of the 121-room Hampton Inn at 33 Humphrey Center Drive in East Memphis has filed a $5.4 million loan on the property.

95. Cozymel's Property Comes Down - Friday, May 31, 2013

The first financial ripples from International Paper Co.’s decision to build a fourth tower at its East Memphis campus are seeping out.

96. Cresthaven Medical Building Sells for $2.5 Million - Tuesday, May 21, 2013

1068 Cresthaven Road Memphis, TN 38119

Sale Amount: $2.5 million

Sale Date: May 2, 2013

97. New York Company Buys Country Squire for $49.2 Million - Tuesday, April 9, 2013

8056 Country Squire Lane Cordova, TN 38018

Sale Amount: $49.2 million

Sale Date: March 28, 2013

98. Fairfield Inn Sells for $4.2 Million - Monday, April 8, 2013

An entity related to GE Capital Real Estate has paid $4.2 million for the 89-unit Fairfield Inn & Suites Memphis at 4760 Show Case Blvd. near Interstate 240 and South Perkins Road.

99. New York Company Buys Country Squire for $49.2 Million - Thursday, April 4, 2013

An affiliate of New York-based NorthStar Realty Finance Corp. has paid $49.2 million for the 972-unit Country Squire Apartments in Cordova.

100. Panther Properties Buys Two Cordova Apartments - Tuesday, April 2, 2013

2350 N. Houston Levee Road and 2323 N. Houston Levee Road