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Editorial Results (free)

1. FedExFamilyHouse Breaks Ground on $12M Expansion -

918 Poplar Ave.
Memphis, TN 38105

Project Cost: $12 million 

Owners: Le Bonheur Children’s Hospital and FedEx

2. Last Word: 'Ono Poke and the Ghost of The Luau, Council Day and $3 Concerts -

The ghost of the Luau lives on. Loeb has a new tenant for the Shops of Chickasaw Gardens called ‘Ono Poke that features Hawaiian cuisine. And the restaurant will be just about on the other side of Poplar Avenue from where the Luau used to stand with its large concrete Easter Island head, Polynesian dishes and Hawaii Five-O era architecture – not the remake, the real Five-O and the real McGarrett.

3. Midtown Apartments Sell for $2.8 Million -

Memphis Medical Redevelopment Group LLC has purchased the Jefferson Manor Apartments from for $3.2 million, according to a warranty deed filed with the Shelby County Register of Deeds March 15.

4. Last Word: Lakeland Date Set, Silos in South Main and Trespassing in Apartments -

Here comes the Governor’s race with Randy Boyd doing the honors here in Memphis Wednesday at the top of the second day of his fly-around. Boyd’s opening sounds very much like he is running as the heir apparent to Gov. Bill Haslam – although there are no heirs in politics, at least not without an election. He talked a lot about hitting workforce development and job goals of the Haslam administration if he is elected Governor in 2018.

5. Hickory Hill Home Depot Site Sells for $15 Million -

3469 Riverdale Road
Memphis, TN 38115 

Sale Amount: $15.7 million

Sale Date: March 3, 2017

Buyer: Spirit Realty Capital

6. Warren, Tulane Complexes Find Buyer -

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.

7. Deerfield Apartments Sell for $6.3 Million -

The Deerfield Apartments complex, located at 2155 Sycamore View Road, has switched hands in a multimillion-dollar deal.

8. Deerfield Apartments Sell for $6.3 Million -

The Deerfield Apartments complex, located at 2155 Sycamore View Road, has switched hands in a multimillion-dollar deal.

9. $12 Million Permit Filed For Hickman Building -

240 Madison Ave.
Memphis, TN 38103

Permit Amount: $12 million

Project Cost: $16 million

Application Date: February 2016

10. Cities, Developers Reaping Rewards of Mixed-Use Shift -

Commercial real estate is shifting to mixed-use developments designed to create a sense of place for homeowners longing for the community of days gone by, and the trend is profiting many parties as commercial developers see stronger returns and cities undergo revitalization in their core.

11. Last Word: Lovell's Aftermath, West Memphis Tourism and Batter Up -

Political turbulence in the state capitol this week centered on one of the newest members of the Shelby County Delegation leaves the politically-minded among us with a lot to take in when you add the Beltway turbulence of the week in D.C.

12. Luxury Apartments Begin $17 Million Expansion -

3333 Hacks Cross Road, Memphis, TN 38125: Fieldstone Apartment Homes, a gated community in southeast Memphis, is in the process of another massive expansion.

Permit Amount: $9.7 million (combined)

13. Archived Article -

3333 Hacks Cross Road

Memphis, TN 38125

Permit Amount: $9.7 million (combined)

Project Cost: $17 million

14. Last Word: MATA and the TBI, Fieldstone Gets Bigger and Wedge Bills -

Since Gannett bought The Commercial Appeal there has been a lot of speculation about what would remain of the Memphis operation in a newspaper chain known for consolidating not just in-house parts of the publishing process but the reporting side too. The biggest question in the air was the fate of the large printing presses at the CA. And Monday evening, there was an answer.

15. Midtown High-Rise Sells For $2.3 Million -

A Central Gardens high-rise apartment switched hands for a cool $2.3 million, according to commercial real estate investment sales, financing, research and advisory company Marcus & Millichap, which brokered the deal.

16. State Of The Suburbs -

With its central location, unparalleled access to major roads, rails, runways and rivers and low cost-of-living, it’s no surprise that Memphis and the surrounding area is a popular destination for corporate headquarters, national retail brands and major industrial centers.

17. Midtown High-Rise Sells For $2.3 Million -

A Central Gardens high-rise apartment switched hands for a cool $2.3 million, according to Marcus & Millichap, the commercial real estate investment sales, financing, research and advisory company that brokered the deal.

18. Last Word: The Artisan Survives, Gas Tax Push-Back and Our Competition -

I knew winter was out there hiding somewhere. Just waiting for you to leave your coat at home in a flush of spring fever, bounding out of work Wednesday afternoon to find spring has hit the highway. But where does spring go on its spring break? The Suns were in Memphis Wednesday evening – the Phoenix Suns, that is. They lost to the Grizz at the Forum 110 – 91.

19. Dave & Buster’s to Open Cordova Location -

7930 Germantown Parkway
Memphis, TN 38133 

Landlord: Brixmor Property Group 

Tenant: Dave & Buster’s 

20. Germantown Apartment Complex Sells for $32M -

Whitney Management Corp., a Texas-based apartment management company, recently added to its Memphis portfolio with the purchase of a 252-unit apartment complex in Germantown.

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. Parkside Developers Finish Acquiring Land for Shelby Farms Urban Village -

Developers of Parkside at Shelby Farms, a proposed mixed-use project, took another step forward with the purchase nearly 40 acres of vacant property adjacent to Shelby Farms.

23. Riding Momentum -

Around this time each year, everyone tends to start fetishizing the blank slate a bit, with its attendant allure of reinvention and that sweeping away of the old order to make way for what comes next.

24. Hickory Hill Apartments Sell for $28 Million -

A California-based real estate investment and advisory firm has purchased the 630-unit Trails at Mt. Moriah apartment complex for $28 million, or $44,444 per unit.

MDO Trails LLC, an affiliate of Newport Beach, California-based CORE Realty Holdings Management Inc., purchased the Class B multifamily property from NNN Mt. Moriah Apartments LLC and 39 related entities in a Dec. 13 warranty deed.

25. Hickory Hill Apartments Sell for $28 Million -

A California-based real estate investment and advisory firm has purchased the 630-unit Trails at Mt. Moriah apartment complex for $28 million, or $44,444 per unit.

MDO Trails LLC, an affiliate of Newport Beach, California-based CORE Realty Holdings Management Inc., purchased the Class B multifamily property from NNN Mt. Moriah Apartments LLC and 39 related entities in a Dec. 13 warranty deed.

26. Wolf River Greenway’s Epping Way Segment Moves Toward May Opening -

The only trace of Berry Brooks’ Epping Way clubhouse and recreation area is a pair of wooden gabled stone posts across the curb cut and gravel entrance at the end of a Raleigh cul de sac.

The clubhouse and its parking lot just beyond the entrance on a hilltop that is still a verdant green days away from winter is long gone. A slim border, perhaps of a swimming pool, appears intermittently. The nine tennis courts are now a duck pond near the 20-acre lake that remains the centerpiece of the property.

27. Experts: Memphis Competitive on Commercial Real Estate Front -

Incentives are an indispensable tool for attracting major corporate tenants to Memphis. Memphis industrial real estate activity is hot, there’s something of a war for office sector talent and there’s been good absorption of multifamily space in Memphis this year.

28. With MAA, TraVure Is Gateway To Germantown -

The developer of Germantown’s mixed-use TraVure project is anxious to start work on the development’s centerpiece, a five-story Class A office building that now has an anchor tenant for most of the space – the headquarters of Memphis-based MAA, or Mid-America Apartment Communities Inc.

29. Last Word: MAA and TraVure, JT Votes Early and Minority Biz Momentum -

Big news overnight for one of several corporate headquarters moves we’ve been watching in the last year. Mid-America Apartments LP is poised to become the anchor of the TraVure mixed-use development on the western side of Germantown.

30. Germantown PILOT for MAA Headquarters Move to TraVure Approved -

Memphis-based Mid-America Apartments LP has won approval from Germantown leaders of financial incentives for a new headquarters in the TraVure development in Germantown.

31. Germantown PILOT for MAA Headquarters Move to TraVure Approved -

Memphis-based Mid-America Apartments LP has won approval from Germantown leaders of financial incentives for a new headquarters in the TraVure development in Germantown.

32. Last Word: Haslam on Trump, Midtown Apartment Blitz and Beyond Parks -

Trump vs. Clinton or Giants vs. Packers? America Chooses.

While there is so much discussion – and rightfully so – about the unprecedented direction this Presidential campaign as a whole has taken in so many ways, the speed of the conduct of the campaign and news cycle reaction has also become a factor. Many of you are probably reading this at a point in which the reaction to what happened over 90 minutes before 10 p.m. on a Sunday night has already made parts of the debate irrelevant or old news.

33. Last Word: Z Bo and the Second Unit, Gannettized and the Electoral College -

Zach Randolph will not be starting for the Grizz this season as the post-Grit & Grind era enters the “Second Unit” chapter.

It will be interesting to see fan reaction Thursday at the Forum when the Grizz play Atlanta in another pre-season game. Randolph did not start Monday night’s pre-season opener against Orlando either.

34. Skilled Nursing Facility In Bartlett Sells for $13 Million -

1150 Dovecrest Road

Bartlett, TN 38134

Sale Amount: $13 million

Sale Date: Sept. 30, 2016

35. Private Equity Firm Pays $13M for Retirement Community -

950 Cherry Road

Memphis, TN 38117

Sale Amount: $13 million

Sale Date: Sept. 7, 2016

36. Eden Square Debuts School, Arts Center -

Derwin Sisnett remembered a Christmas from his childhood this weekend. He wanted a Nintendo gaming system and remembers he and his brother searching their home while their parents where elsewhere.

On Christmas Day they discovered their parents had hidden the most cherished present in plain sight.

37. New Type of Subdivision to Replace Foote Homes -

Memphis’ last traditional public housing complex is coming down and a new kind of subdivision will rise in its place.

The Land Use Control Board formally accepted the site plan for the South City development at its Thursday, Sept. 8, meeting. With the help of a $30 million federal Choice Neighborhoods grant, the Memphis Housing Authority plans to raze the 420 units of Foote Homes that date back to the 1940s to make way for Memphis’ first sustainable subdivision.

38. Towers Apartments Sell for $13.5 Million -

An apartment high-rise in the Memphis Medical District has sold for $13.5 million.

Memphis 2192 TN LLC, a company of Millennia Housing Development, purchased the eight-story, 306-unit Memphis Towers apartments from Memphis II LP in an Aug. 19 warranty deed.

39. Last Word: Heart of the Park, Tigers Opener Preview and Memphis In May Numbers -

“Try to remember the kind of September when life was slow and oh, so mellow. Try to remember the kind of September when grass was green and grain was yellow.”

It would appear this is that kind of September you would otherwise be remembering.

40. Cordova’s Parkway Place Sells in Foreclosure -

1250 N. Germantown Parkway

Cordova, TN 38016

Sale Amount: $19.6 million

Sale Date: Aug. 24, 2016

41. Last Word: Mike McLean's Campaign, Jimmy Carter and Beyond Disparity Studies -

Mike McLean is running one heckuva campaign for Clerk of the Courts. Some of you are thinking, “Why haven’t I heard of that position before?” “Who is the incumbent?”

42. Memphis Towers Apartments Sell for $13.5 Million -

An apartment high-rise in the Memphis Medical District has sold for $13.5 million.

Memphis 2192 TN LLC, a company of Millennia Housing Development, purchased the eight-story, 306-unit Memphis Towers apartments from Memphis II LP in an Aug. 19 warranty deed.

43. Largest Multifamily Sale Takes Place for $39.1M -

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

44. Hyde Capital Pays $15.4M For 3 Midtown Properties -

New York-based Hyde Capital has purchased three Midtown properties for a combined $15.4 million.

Rosecrest LLC, a company of Hyde Capital, purchased the Rosecrest Apartments from Northland Rosecrest LLC for $8.5 million in an Aug. 5 warranty deed.

45. Last Word: SEC and GMF, Wiseacre's Growth and Apartment Action -

The Securities and Exchange Commission has been investigating Global Ministries Foundation since mid-July. The revelation turned up Wednesday in a Memphis Federal Court filing by the receiver appointed to oversee and sell the Tulane and Warren apartments.

46. Hyde Capital Pays $15.4M For 3 Midtown Properties -

New York-based Hyde Capital has purchased three Midtown properties for a combined $15.4 million.

Rosecrest LLC, a company of Hyde Capital, purchased the Rosecrest Apartments from Northland Rosecrest LLC for $8.5 million in an Aug. 5 warranty deed.

47. Last Word: Election Wrap Up, Crosstown's Momentum and GMF's Court Report -

For an election that only 14 percent of us turned out for, the Thursday elections in Shelby County delivered in terms of political drama.

David Kustoff, whose bid for Congress in the old 7th Congressional District 14 years ago ended in frustration amidst too many primary candidates from Shelby County, claimed the Republican primary in the 8th amidst an even larger field with even more Shelby County rivals.

48. Church Health YMCA Planned for Crosstown -

The YMCA will open its 11th Memphis-area branch in Crosstown Concourse in partnership with the Church Health Center.

“(The Church Health YMCA) is maybe one of the most exciting things we have done, said Keith Johnson, president and CEO of the YMCA of Memphis & the Mid-South.

49. Two Apartment Properties Sell for Combined $16.6M -

Los Angeles-based Latitude Management Real Estate Investors Inc. has unloaded two apartment communities in separate deals.

50. TAG Truck Center to Occupy Mall of Memphis Land -

4430 American Way

Memphis, TN 38118

Permit Amount: $28 million

Application Date: July 2016

51. Parkside Developer Seeks TIF Designation -

The developer of the Parkside mixed-use project at Shelby Farms hopes to add a traffic light at Kirby-Whitten and Mullins Station roads and fund a portion of the Shelby Farms Parkway.

52. Last Word: The Sound of Dominoes, Brexit Anxiety and Schilling Farms Backstory -

The Memphis Newspaper Guild makes it official – filing grievances against Gannett, the new owner of The Commercial Appeal, over the first significant changes in how the paper is put out. Those changes involve abolishing copy editing positions and making them part of the new job of digital producers.

53. Pair of Apartment Properties Sells for Combined $16.6M -

Los Angeles-based Latitude Management Real Estate Investors Inc. has unloaded two apartment communities in separate deals.

54. Madison Hotel Sells to Chicago-Based Hotel Group -

79 Madison Ave.

Memphis, TN 38103

Sale Date: June 21 

Buyer: 79 Madison Avenue LLC

55. Jefferson Square Apts. See $1.5M in Repairs -

The Jefferson Square apartments at 741 Adams Ave. will see a renovation. A and B Construction Co. Inc. recently filed a building permit application with the Memphis-Shelby County Office of Construction Code Enforcement for $1.5 million in exterior repairs. The Memphis Housing Authority is listed as owner and tenant on the permit application.

56. Jefferson Square Apts. See $1.5M in Repairs -

The Jefferson Square apartments at 741 Adams Ave. will see a renovation. A and B Construction Co. Inc. recently filed a building permit application with the Memphis-Shelby County Office of Construction Code Enforcement for $1.5 million in exterior repairs. The Memphis Housing Authority is listed as owner and tenant on the permit application.

57. Commission OKs Raleigh Land For Wolf River Trail -

Five acres of land in Raleigh has been donated by Shelby County government to the city of Memphis for use as a trailhead on the Wolf River Greenway.

Shelby County commissioners on Monday, June 20, approved the donation of the two tax-delinquent parcels south of Raleigh Lagrange Road and east of Old Austin Peay Highway.

58. Commission OKs Donating Land for Wolf River Trailhead -

Five acres of land in Raleigh has been donated by Shelby County government to the city of Memphis for use as a trailhead on the Wolf River Greenway.

Shelby County commissioners on Monday, June 20, approved the donation of the two tax-delinquent parcels south of Raleigh Lagrange Road and east of Old Austin Peay Highway.

59. EDGE Grants Incentives for TAG Truck Center, Turner Dairy -

Two longtime Memphis-area companies secured tax incentives at the June meeting of the Memphis-Shelby County Economic Development Growth Engine.

The payment-in-lieu-of-taxes will support TAG Truck Enterprises LLC’s plans for the former Mall of Memphis site as well as an expansion of Turner Dairy in the heart of Midtown.

60. Collierville Sees Year’s Largest Multifamily Sale -

160 Madison Farms Drive
Collierville, TN 38017

Sale Amount: $34.3 million

Buyer: Spyglass-Collierville LLC

61. THDA to Resume Apartment Inspections -

The Tennessee Housing Development Agency plans to inspect at least a dozen apartment complexes in Memphis where federal subsidies pay tenants’ rent.

THDA executive director Ralph Perrey said the agency’s authority to make the inspections resumes in July. And the agency isn’t saying which properties will be visited “so as not to ruin the surprise,” Perrey said Wednesday, May 25, as he announced the resumption of the inspections.

62. THDA Resumes Inspections of HUD-Subsidized Apartments -

The Tennessee Housing Development Agency plans to inspect at least a dozen apartment complexes in Memphis where federal subsidies pay tenants’ rent.

THDA executive director Ralph Perrey said the agency’s authority to make the inspections resumes in July. And the agency isn’t saying which properties will be visited “so as not to ruin the surprise,” Perrey said Wednesday, May 25, as he announced the resumption of the inspections.

63. Last Word: The Hot Seat, The Cohen-Rubio Letter and a New Historical Marker -

The hottest seat in a room of hot seats in city government can be being director of the Memphis Animal Shelter.

You wouldn’t think that from the job description, which seems pretty basic. Round up stray animals and put them up for adoption. But that’s being overly simplistic because it begs a lot of questions about how many animals and what happens if you run out of space.

64. Poplar Place Apartments Sell for $15.3 Million -

1669 Randolph Place
Memphis, TN 38120

Sale Amount: $15.3 million

Sale Date: May 6

Buyer: Poplar Place TN Townhomes LLC

65. Last Word: Behind Brown, Selling 128 Adams and Preparing for School's Out -

It was a dark and stormy night. Well, dark but not really stormy – a little rain which is more than enough to activate all kinds of television mayhem and warnings that make your iPhone rattle and hum.

66. The Week Ahead: May 16-22 -

With a barbecue-filled weekend behind us, it’s time to get this week started, Memphis! Here’s our roundup of local happenings you need to know about, from the Memphis in May Triathlon (where you can work off that pork belly) to the city’s first Palestine Festival (where, yes, there will be even more food).

67. Poplar Place Apartments Sell for $15.3 Million -

The 220-unit Poplar Place apartments in East Memphis have sold for $15.3 million, or $69,409 per unit.

Brooklyn-based Poplar Place TN Townhomes LLC purchased the complex in a May 6 warranty deed from Poplar Place Associates LLC, a company of Newton Square, Penn.-based GMH Capital Partners LP. The deed lists 1669 Randolph Place as the real property address.

68. Last Word: GMF Aftermath, Cop Counts and Budgets and Richardson Towers' Fall -

More on the move by Bank of New York to have a receiver appointed for the Warren and Tulane Apartments currently owned by Global Ministries Foundation.

GMF CEO Rev. Richard Hamlet responded Wednesday to the filing in Memphis federal court saying he agrees that a receiver for the property is a good idea. But he doesn’t agree – and in fact, strongly disagrees with the claims and reasoning behind the bank’s call for the receiver.

69. Poplar Place Apartments Sell for $15.3 Million -

The 220-unit Poplar Place apartments in East Memphis have sold for $15.3 million, or $69,409 per unit.

Brooklyn-based Poplar Place TN Townhomes LLC purchased the complex in a May 6 warranty deed from Poplar Place Associates LLC, a company of Newton Square, Penn.-based GMH Capital Partners LP. The deed lists 1669 Randolph Place as the real property address.

70. More Student Housing For University District -

3557 Mynders Ave. 
Memphis, TN 38111
Permit Amount: $15.5 million

Completion: Fall 2017
Owner: 908 Group
Tenant: The Nine
Architect: BDG Architects
Details: A student housing tower near the University of Memphis has taken a step forward nearly two years after a development on that site was first announced.

71. Last Word: Humdingers, Gangster Disciples Paper Work and Underground Day -

Sometimes you think you know what is going on and then something happens like Chris Wallace, the general manager of the Memphis Grizzlies, grabbing a bite to eat Monday at Humdingers out east with former Grizz coach Lionel Hollins. Next thing you know there’s another possibility for the next Grizz coach – a return engagement that would be exceedingly rare.

72. Student Housing Tower Near U of M Moves Forward -

A student housing tower near the University of Memphis has taken a step forward nearly two years after a development on that site was first announced.

Montgomery Martin Contractors recently applied for a $15.5 million building permit for 3557 Mynders Ave. at the southwest corner of Brister Street.

73. The Week Ahead: May 9-15 -

Alright, Memphis, grab your calendars! Whether you want to book it over to the Ruby Bridges Reading Festival or just baste in the scent of barbecue, there’s plenty to do this week. Here’s our roundup...

74. The Week Ahead: May 2-8 -

So, you think this is the “off-week” of the Memphis In May International Festival – the gap between the Beale Street Music Festival and the World Championship Barbecue Cooking Contest. But, while Tom Lee Park gets a breather, there are plenty of cultural experiences to soak up across Memphis. Here's our weekly roundup of local happenings you need to know about...

75. Last Word: Prince, Violent Crime Numbers, and a Parkside Post Script -

Prince. It’s hard to think of a musician with a more complete knowledge of music as a social and cultural force and the ability to let that force inhabit his music and what he wanted to accomplish.
It is that knowledge and its use from obscurity to the pinnacle of fame and acclaim to his own journey for personal fulfillment that, to me, defines what has been lost.
Music mattered to Prince unlike it had ever mattered before. All of the influences analyzed and synthesized by someone born in rock and roll’s first wave pushed forward in a sound that combined rock and roll and rhythm and blues and funk with purpose and confidence.
It wasn’t a denial or downplaying of any of those music categories – all were present sonically and culturally. No juggling or quick changes.
That was his talent and it’s hard to think of anyone who has been as knowledgeable, intentional and successful -- commercially and artistically – in that combination.
Prince is remembered here for not only playing the city’s largest arenas but for his legendary after shows on Beale Street that brought an entertainment insider cachet the district has rarely seen since its early 1980s reopening.
His was an intensity and sense of purpose rarely seen and possessed in such a way in the 60 years since rock and roll started in this very city, kicked off by both Rocket 88 and That’s Alright Mama.
So why couldn’t the city’s rock radio stations do more than talk about Prince into commercial breaks after another Nickelback rock block and actually play some of his music to acknowledge such a huge genre crossing artist?
Not cool.

76. Last Word: The Bible Veto Override Vote, Grizz Nostalgia and Kroger Goes Online -

The Tennessee Legislature hoped to end its 2016 session Wednesday at the end of an eventful day that included a failed attempt to override Gov. Bill Haslam’s veto of the bill that would have made the Bible the official state book.
But into Wednesday evening, the state House was still debating the Hall tax on dividends – specifically further roll backs of it. And the Senate had gone home for the night.
So Thursday looks like a good bet for the adjournment for the year and the formal start of the election season for incumbents.

77. $12.6M Building Permit For New Ballet Memphis HQ -

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.

78. LEDIC Founder Buys Metro 67 Apartments -

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.

79. Last Word: Tubby Time, Haslam's Veto and Africa in April's 30th Year -

It was just four weeks ago that all of this talk about change at the top of the Tiger basketball chart was put to rest. Coach Josh Pastner’s performance was reviewed by the University of Memphis administration and he was staying at least for another season. Four weeks to the day of that announcement, Pastner is the new coach at Georgia Tech and we are in the first day of the Tubby Smith era at the U of M.

80. Metro 67 Apartments Bought by LEDIC Founder -

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.

81. State Halts City Board From Issuing Bonds -

The city of Memphis entity that sold $12 million in municipal bonds on behalf of Global Ministries Foundation has been told it can no longer conduct such business.

The Tennessee Housing Development Agency has temporarily de-authorized the Health, Educational & Housing Facility Board of the city of Memphis to sell bonds. The decision is related to the withdrawal of federal subsidies going to Global Ministries Foundation’s portfolio and a subsequent downgrading of those bonds as well as leadership changes at the Health & Ed Board.

82. State Halts Memphis Health & Ed Board From Doing Business -

The city of Memphis entity that sold $12 million in municipal bonds on behalf of Global Ministries Foundation has been told it can no longer conduct such business.

The Tennessee Housing and Development Agency has temporarily de-authorized the Health, Educational and Housing Facility Board of the city of Memphis to sell bonds. The decision is related to the withdrawal of federal subsidies going to Global Ministries Foundation’s portfolio and a subsequent downgrading of those bonds as well as leadership changes at the Health & Ed Board.

83. 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.

84. Daughter of Duality, Gibbs is Building a Better Justice System -

Say you stole a television worth $300. How long should you be punished? A year? Five years? Whatever you answered, it probably wasn’t “for the rest of your life.” But that’s how the U.S. legal system currently treats many people who have been convicted of felonies.

85. Southland Mall Sells In Foreclosure -

1215 E. Shelby Drive
Memphis, TN 38116
Sale Amount: $4.3 million

Sale Date: March 31, 2016
Buyer: 1215 East Shelby Drive Holdings LLC
Seller: Southland Mall Shopping Center LLC
Details: Southland Mall, Memphis’ first enclosed mall when it opened 50 years ago, has sold for $4.3 million in foreclosure.

86. ROCO Real Estate Makes Fourth Memphis Purchase -

A Raleigh apartment community has sold for $6.7 million. Tennessee-based WE Stonegate LLC sold the property in a March 28 warranty deed to Michigan-based ROCO-Stonegate LLC.

87. Cleaning House -

Every neighborhood in Memphis and Shelby County has the right to be free from the negative effects of vacant, abandoned and blighted properties. That’s the battle cry of the Memphis Blight Elimination Charter, a 23-page pledge that will steer policy and programs dedicated to blight eradication.

88. Last Word: Confirming The Spike, Methodist Changes and The Honorary Miamian -

Lots of Memphians spending the week in Nashville in the name of bringing down the de-annexation proposal that’s already cleared the state House and is residing for now in a state Senate committee.

89. Last Word: D-Day, Opera Festival Returns and Buying GMF After the Bond Default -

This is what you might call D-Day in Nashville. The “D’ in this case stands for deannexation.
The bill to permit deannexation by referendum has in the course of two weeks become the city’s dominant political issue.

90. Cordova Apartments Sell for $31.1 Million -

555 Wood Arbor Parkway
Memphis, TN 38018
Sale Amount: $31.1 million

Sale Date: March 2, 2016
Buyer: CEAI Grove LLC
Seller: Trinity 464 LLC
Loan Amount: $4.2 million
Borrower: CEAI Grove LLC
Lender: CBRE Multifamily Capital Inc.
Details: The Grove at Trinity Point apartments have sold for $31.1 million.

91. Council Tallies Damage in 'Day of Bad News' -

Memphis City Council member Berlin Boyd summed up City Hall’s attitude Tuesday, March 15, during the council’s executive session. “Today is the day of bad news,” he said after a briefing from Mayor Jim Strickland on the deannexation bill approved the night before by the Tennessee House.
That was followed by more details on the estimated $60 million it will cost to replace the entire radio system for local first responders from the radios to the towers used to transmit their signals.

92. Last Word: Mudslide, The Deannexation Storm and Kilzer at Calvary -

Lots of news on a very rainy day including the flooding from the constant rain that closed some schools and cancelled a lot of other events. And then there was a mudslide on Riverside Drive from the bluff overlooking Tom Lee Park and the Mississippi River. The rain has also pushed the Wolf River to the point that it is now over some parts of the greenway in Germantown.

93. Last Word: Weekend on the Greensward, Huey's Graffiti Wall and Look Out Lynchburg -

The first weekend since the Memphis City Council vote on the Overton Park Greensward was an eventful one on the greensward.

Here is our dispatch from Saturday.
The overflow zoo parking took up more of the greensward on Sunday afternoon.
As we reported, there were some sporadic attempts at sit-ins but no arrests. The cars were directed to park around the protesters in those cases.
The effort to get zoo visitors to park on street in the neighborhood west of the zoo picked up some steam over the weekend as well.

94. Last Word: Election Day, Luttrell Makes It Six, And About "Executive Sessions" -

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.

95. Last Word: Timing and Numbers, Old Dominick Takes Shape and Zip Lines To Spring -

Political opportunity is defined by timing.
Witness a look at the early voting turnout numbers in advance of Tuesday’s election day.

More than half of the more than 43,000 Shelby County voters who cast early ballots voted Monday and Tuesday – the last two days of an early voting period that began Feb. 10 – way back there when Martin O’Malley was the third Democratic presidential contender and Jeb Bush was considered a force to be reckoned with in the Republican primaries.

96. Work Begins On Brewery Development -

502 Tennessee St.
Memphis, TN 38103

Permit Amount: $4.5 million

Application Date: Feb. 18, 2016

Tenant: Brewery Master Tenant LLC

Architect: LRK Architects

Contractor: Montgomery Martin Contractors

97. Apartments Sell to Texas Group -

An apartment community in the 38111 ZIP code has sold for $1.9 million. In a Feb. 10 warranty deed, Memphis resident Harvard Stephens sold the Prescott Place apartments to Texas-based Oak Bend Holdings LLC and Bay Brook Holdings LLC.

98. Orleans at Walnut Grove Sells for $29.2 Million -

317 Royal Chartres Square E.
Cordova, TN 38018

Sale Amount: $29.2 million

Sale Date: Feb. 4, 2016

Buyer: PC Orleans LLC

99. 276-Unit Cordova Apartments Sell for $29.2M -

The 276-unit Orleans at Walnut Grove apartment community has sold for $29.2 million.

PC Orleans LLC, an entity of Provo, Utah-based investment firm Peak Capital Partners, paid an equivalent of $105,731 per unit to buy the property at 317 Royal Chartres Square E. from Orleans Apartment Community LLC, according to a Feb. 4 warranty deed.

100. Last Word: Clinton in Whitehaven, Changes to Parkside and The Replacements Book -

The Presidential primary caravan has arrived.
Former President Bill Clinton was in Whitehaven Thursday evening to campaign for his wife, former Secretary of State and U.S. Senator Hillary Clinton.
And it was a reminder of his political potency as well as his popularity in a city that went for Barack Obama over his wife in the 2008 Tennessee Presidential primary but which was solidly behind him in both of his successful bids for the White House in the 1990s.
Clinton spoke in a packed Whitehaven High gymnasium to more than 700 people for almost an hour and then worked the crowd that gathered near the podium for another 25 minutes before sprinting out a door to a waiting car.
We’ll be busy this weekend with the opening of the local Bernie Sanders campaign headquarters and we’re still waiting on that promised Donald Trump Memphis appearance.
And we expect to encounter lots of Republican presidential partisans at the local GOP's annual Lincoln Day Gala on the 20th.