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Editorial Results (free)

1. Editorial: Not All PILOTs Should Be Cleared for Takeoff -

In our long civic discussion about tax incentives to boost economic development, an often-repeated refrain is that these incentives – specifically payment-in-lieu-of-taxes, aka PILOTs – should be strategic in nature.

2. Amazon, Pfizer Approved for Tax Incentives -

Amazon was awarded a 15-year payment-in-lieu-of-taxes incentive by the Economic Development Growth Engine for Memphis and Shelby County at its Wednesday, Oct. 18, meeting, despite the online retailer’s proposed distribution center spurring a larger debate about the types of jobs the city should incentivize in the future.

3. Law Firm Leases Keep East Submarket Strong in Q3 -

Despite a growing trend of major businesses relocating Downtown, the East submarket still led the way by a large margin in office leasing volume in the third quarter.

In total, the Memphis office market absorbed 156,280 square feet of space, which marks the third consecutive quarter of positive absorption, according to Cushman & Wakefield/Commercial Advisors’ Q3 Office MarketBeat report. This brings the year-to-date net absorption to 625,707 square feet, a drastic increase from the negative 59,344 square feet absorbed in the first three quarters a year ago.

4. Amazon, Pfizer Seek Incentives for Projects -

While Memphis has been working to win the nod from Amazon in the company’s highly publicized decision on where it will put its second headquarters, the city is poised to get a major unrelated investment from the e-commerce giant.

5. Pfizer Seeks Incentives to Retain Financial Services Operations in Memphis -

Admitting that its workforce in Memphis has been declining due to technology and business changes, pharmaceutical company Pfizer Inc. is seeking a 14-year payment-in-lieu-of-taxes incentive from the city and county to retain its finance and accounting operations in Memphis with a “stabilized” workforce of about 250 workers.

6. Last Word: Alexander and Corker Differ, Instant Runoff React and Kroger On Hold -

Tennessee’s two U.S. Senators split their votes Tuesday in Washington on the vote that followed the vote to open debate on a repeal and replacement of Obamacare. Lamar Alexander and Bob Corker both voted yes on the debate motion. But then Corker was one of the nine Republican Senate votes that killed the Obamacare replacement plan known as BCRA, while Alexander voted for it.

7. Milford Joins Chamber As Programming, Events Director -

Ericka Milford recently joined the Greater Memphis Chamber as director of events and programming, a job in which she’s responsible for planning and executing chamber events and programs and for increasing engagement opportunities for members and the community. Milford’s new role marks her return to the chamber, where she served as events coordinator from 2007 to 2012 before taking a job with HigherVisibility.

8. Kellogg Cuts 117 Jobs at Rossville Facility -

Kellogg Co. has informed state officials it plans to permanently lay off 117 workers at its Eggo plant at 585 Morrison Road in Rossville.

9. Kellogg Laying Off 117 Fayette County Workers -

Kellogg, the world’s largest cereal company, has informed state officials that the company will be permanently laying off 177 workers at its Fayette County plant located at 585 Morrison Road in Rossville, Tennessee.

10. The Week Ahead: July 17-23 -

Hello, Memphis! Young, local artists are in the spotlight this week with a couple of art shows where you can meet these talented youths and someday say, “I knew them before they were famous.” Check out details on those, plus more cool events and hot happenings in The Week Ahead…

11. Last Word: Corporate Musical Chairs, Another Dollar General and Ronnie Grisanti -

The three-way deal by which Memphis-based Fred’s was to buy hundreds of Rite-Aid stores from Walgreens just keeps getting worse for Fred’s even though the deal happened last week without Fred’s. An analyst says Fred’s got cut out because of questions about the corporation’s viability to enter into what is an ambitious change of course for the company on a large scale.

12. Kellogg Laying Off 172, Closing Memphis Facility -

Kellogg Co. is closing its northeast Memphis distribution facility, resulting in 172 layoffs.

The Battle Creek, Michigan-based company plans to shutter the facility at 1751 Shelby Oaks Drive on July 29, according to a WARN notice filed with the Tennessee Department of Labor and Workforce Development on May 26 and made public Tuesday, May 30.

13. Last Word: Foote Homes Falls, Kellogg Layoffs and The SCS Ask -

Once upon a time in South Memphis it could be difficult to tell where Foote Homes began and Cleaborn Homes ended or vice versa. The key to this was which side of Lauderdale you were looking at. The east side was Cleaborn and the west was Foote with Lauderdale as the dividing line.

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

150 Peabody Place
Memphis, TN 38103

Permit Amount: $25 million

Application Date: May 2017 

15. Kellogg Closing Northeast Memphis Facility, Laying Off 172 Workers -

Kellogg Co. is closing its northeast Memphis distribution facility and laying off 172 workers, part of a larger cost-cutting plan that will result in more than 1,000 layoffs nationwide.

16. East Memphis Hotel Sells for $4.3 Million -

Iowa-based Suit and Tie Lodging LLC has sold a Fairfield Inn and Suites hotel in East Memphis to Texas-based 240 Perkins Holding LLC for $4.3 million.

17. The Buying And Selling Of Memphis -

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.

18. Last Word: Sticker Shock Questions, Council Day Recap and Mueller's Move -

It’s not the final vote on the county property tax rate. But Monday’s acceptance by the Shelby County Commission of the state-certified property tax rate is an important insight into how the state and local governments get together on setting a tax rate that takes into account changes in overall property values from the countywide property reappraisal to set a tax rate that produces the same amount of revenue as the current rate.

19. East Memphis Hotel Sells for $4.3 Million -

Iowa-based Suit and Tie Lodging LLC has sold a Fairfield Inn and Suites hotel in East Memphis to Texas-based 240 Perkins Holding LLC for $4.3 million.

20. Memphis Office Market Off to Good Start -

Though small to mid-sized leases comprised the majority of leasing activity, the Memphis area office market got off to a healthy start in 2017, according to Cushman & Wakefield/Commercial Advisors’ first quarter Marketbeat report.

21. Sedgwick Approved For $10.4 Million PILOT -

The Economic Development Growth Engine for Memphis and Shelby County approved Sedgwick Claims Management Services’ application for a $10.4 million tax abatement during a special session Friday, Feb. 24.

22. Time for a Divorce -

IT’S OVER. LET’S MAKE IT FINAL. I said divorce might be best in a column two years ago, so let’s get on with it already. After all, it was a shotgun wedding.

23. Sedgwick Approved For $10.4 Million PILOT -

The Economic Development Growth Engine for Memphis and Shelby County approved Sedgwick Claims Management Services’ application for a $10.4 million tax abatement during a special session Friday, Feb. 24.

24. Sedgwick Approved for $10.4 Million PILOT -

The Economic Development Growth Engine for Memphis and Shelby County approved Sedgwick Claims Management Services’ application for a $10.4 million tax abatement during a special session Friday, Feb. 24.

25. Sedgwick to Occupy Thomas & Betts HQ, TNB Shopping Memphis for New Home -

New details are continuing to emerge after Sedgwick Claims Management Services' blockbuster announcement Monday to consolidate and expand its corporate headquarters.

Sedgwick will apply for a 15-year Expansion PILOT that will enable the company to retain 865 jobs, create 130 new jobs, and invest $33 million into their new facility, according to papers filed with the Economic Development Growth Engine for Memphis and Shelby County.

26. Last Word: Opening Day in Nashville, Parking Pass or Parking Space and Ell Persons -

Lots of formalities Tuesday in Nashville where the 2017 session of the Tennessee Legislature begins. And that’s what this first week back will be about on the floors of the state House and the state Senate. Away from the floors, the real business of speculation and vote counting and drafting language is already well underway.

27. GCT Promotes Asher To Artistic Director -

Justin Asher has been promoted to artistic director of Germantown Community Theatre. Asher joined GCT in January 2015 as technical director. He was promoted to associate producer in July 2016 and has assisted in the productions of the titles in GCT’s 45th season.

28. Events -

NAWBO Memphis will hold a meet and greet to kick off Women in (Small) Business Month on Monday, Sept. 26, from 4 p.m. to 6 p.m. at Signet Inc., 1801 N. Shelby Oaks Drive. Learn more about NAWBO and meet other women who are serious about building their businesses. Cost is $10. Register at nawbomemphis.org.

29. Events -

Memphis Reads and its partners will host “Salvage the Bones” author Jesmyn Ward for events Wednesday and Thursday, Sept. 28-29. On Wednesday, Ward will give the Memphis Reads public lecture and sign books at 7 p.m. in the Christian Brothers University theater, 650 East Parkway S. On Thursday, she will participate in an open Q&A  at 6 p.m. in Rhodes College’s McCallum Ballroom, 2000 North Parkway. Visit facebook.com/MemphisReads for details.

30. Events -

Memphis Botanic Garden will present “Charlie and the Chocolate Factory” family movie night Friday, Sept. 16, from 6 p.m. to 9 p.m. at MBG, 750 Cherry Road. Visit exploration stations to learn about plants that become sweet treats, then settle in on the lawn for the screening. Bring a picnic; drinks and treats available for purchase. Admission is $8 for members and $10 for nonmembers. Visit memphisbotanicgarden.com.

31. Thomas & Betts Donates $50,000 to Apprenticeship Program -

Memphis-based Thomas & Betts Corp. has pledged $50,000 to the Memphis Electrical Joint Apprenticeship and Training Committee.

32. Thomas & Betts Donates $50K to Memphis Apprenticeship Program -

Memphis-based Thomas & Betts Corp. has pledged $50,000 to the Memphis Electrical Joint Apprenticeship and Training Committee.

33. Airport Didn’t Help, But Didn’t Derail ServiceMaster -

When ServiceMaster began its search for a new corporate headquarters nearly two years ago, it focused on Southern hub cities that could support a growing tech-focused company. In ranking Memphis alongside other cities, Memphis International Airport came up short.

34. 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).

35. Events -

The Bo-Keys will perform an album release concert for “Heartache by the Number,” on Thursday, April 21, from 6:30 p.m. to 8 p.m. at the Stax Museum of American Soul Music, 926 E. McLemore Ave. Admission is $10 at the door. Visit staxmuseum.com for details.

36. The Week Ahead: April 4-10 -

Let’s get this week started, Memphis! Here’s our roundup of local happenings you need to know about in the coming days, from an observance of the anniversary of Dr. Martin Luther King Jr.’s assassination to your first chance to visit Mud Island River Park this season.

37. Council Approves Hotels, Columbarium Permit -

The Memphis City Council approved a special permit March 15 for a memorial garden with mausoleums, crypts and a columbarium at the Serenity Columbarium and Memorial Garden at 1622 Sycamore View Road northwest of Shelby Oaks Drive.

38. City Council Approves Columbarium Permit -

The Memphis City Council approved a special permit Tuesday, March 15, for a memorial garden with mausoleums, crypts and a columbarium at the Serenity Columbarium and Memorial Garden at 1622 Sycamore View Road northwest of Shelby Oaks Drive.

39. 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.

40. Finances Will Be in Focus at City Council -

The list of financial surprises that Memphis Mayor Jim Strickland presented to Memphis City Council members two weeks ago tops council discussions Tuesday, March 15.

41. City Council to Discuss Greensward Controversy -

The next setting for the Overton Park Greensward controversy isn’t the park. It is City Hall.

Memphis City Council members have an executive session “discussion of Overton Park” on their committee list at 1:45 p.m. for Tuesday, March 1.

42. Terminix, CDS to Hold Job Fairs Wednesday -

A pair of job fairs on Wednesday, Jan. 20, is giving Memphis-area job seekers two chances to meet with potential employers.

Memphis-based pest-control company Terminix will hold its job event Wednesday from 9 a.m. to 11 a.m. at 6399 Shelby Oaks Drive. The company, a division of ServiceMaster Global Holdings, is seeking to fill 120 positions at its Memphis call center over the next six months, with new hire classes starting at the beginning of each month. The full-time customer service positions pay $11 an hour.

43. Memorable Events of 2015 will Spill Into 2016 -

When you really get down to it, history is a collection of moments, moments that, when they fall one after the other over the long arc of time, eventually form the tapestry representing who we are.

44. Last Word: More Medical Expansions, Norris & Harris and Christmas In Hell's Kitchen -

Last Word is a new daily online column that offers an overview of what’s happened at the end of shift, so to speak. Picture a dimly lit newsroom in the Downtown night and the last person in the place leaving a memo for the morning shift and you have a pretty good idea of what we are aiming for.

45. Whitehaven View Apartments Sell for $2.7 Million -

1594 E. Holmes Road
Memphis, TN 38116

Sale Amount: $2.7 million

Sale Date: Dec. 14, 2015

46. Sycamore View Hotel Sold for $3.9 Million -

An Extended Stay America hotel at 5885 Shelby Oaks Drive has sold for $3.9 million, according to a Dec. 8 warranty deed.

47. Sycamore View Hotel Sold for $3.9 Million -

An Extended Stay America hotel at 5885 Shelby Oaks Drive has sold for $3.9 million, according to a Dec. 8 warranty deed.

48. Crossroads Hospice Brings Sense of Mission, Purpose to End-of-Life Care -

There’s a dichotomy that quickly becomes apparent when visiting Crossroads Hospice’s Memphis office, at 1669 Shelby Oaks Drive, and talking to executives about what they do.

49. TVA Begins Work On Memphis Natural Gas Plant -

2480 HENNINGTON AVE
Memphis, TN 38109

Permit Amount: $5 million; $1.4 million

Application Date: Nov. 17

Owner: Tennessee Valley Authority

Tenant: Tennessee Valley Authority

50. D1 Sports Training Facility Sells for $4.1 Million -

85 Market Center Drive
Collierville, TN 38107

Sale Amount: $4.1 million

Sale Date: Nov. 5, 2015

51. LEDIC to Open New Headquarters in East Memphis -

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.

52. Methodist Le Bonheur Continues Updates -

Methodist Le Bonheur Healthcare has filed several construction permits for updates to its facilities.

On Nov. 6, it applied for an electrical construction permit for work on its Germantown building at 7691 U.S. 72.

53. Minglewood Hall, 1884 Lounge Sell for $2.7 Million -

1553 Madison Ave.
Memphis, TN 38104

Sale Amount: $2.7 million

Sale Date: Oct. 9, 2015

54. Methodist Remodels Union Avenue Facilities -

With remodeling beginning at its new Shelby Oaks office this week, Methodist Le Bonheur Healthcare also is working on its Union Avenue facilities.

On Nov. 2, Turner Construction filed a $456,654 permit application for phase two of repairs, including the removal of bricks on the west side of the 1265 Union Ave. building to be replaced with stucco. 

55. Methodist Remodels Union Avenue Facilities -

With remodeling beginning at its new Shelby Oaks office this week, Methodist Le Bonheur Healthcare also is working on its Union Avenue facilities.

56. Events -

Banjos and Bonfires will be held Friday, Nov. 6, from 7 p.m. to 10 p.m. at Felicia Suzanne’s, 80 Monroe Ave. L1. The evening will feature bluegrass music, a bonfire, and light appetizers and drinks; proceeds benefit the Church Health Center. Call 901-523-0877 for details.

57. Methodist Begins Remodel of Shelby Oaks Office -

Methodist Le Bonheur Healthcare has started work on its new Shelby Oaks office building. On Oct. 30, Liberty Electrical LLC filed a $1,959 electrical permit for a “complete remodel” of the existing three-story building.

58. Huge Memphis Industrial Lease Caps Busy Q3 -

The largest lease of the year has gone to a Fortune 500 Company.

TJX Cos., the parent company of T.J. Maxx, Homegoods and Marshalls, signed on with 800,000 square feet at Memphis Oaks III in Southeast Memphis.

59. Boyle Buys Vining Sparks HQ For $16.3M -

776 Ridge Lake Boulevard
Memphis, TN 38120

Sale Amount: $16.3 million

Sale Date: Oct. 15

60. Holmes Road Warehouse Gets $5M Expansion -

Panattoni Development Co. has filed a $5 million building permit for interior alterations to the Memphis Oaks III warehouse.

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

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

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

62. Events -

Central Defense Staffing will host a recruitment event Thursday, Oct. 8, from 9 a.m. to 2 p.m. at Crowne Plaza Memphis East, 2625 Thousand Oaks Blvd. CDS is seeking to fill hundreds of open positions for large industrial accounts in Memphis and the area. For details on available positions, call 901-473-6385.

63. Highland Row Developer Seeks Permit for Parking Garage -

Highland Row
Parking Garage
Permit Amount: $5 million

Application Date: September 2015
Completion: Late summer 2016
Owner: Poag Shopping Centers LLC
Architect: Looney Ricks Kiss
Contractor: Milhaus Development LLC
Details: Indianapolis-based developer Milhaus Development LLC and Memphis-based Poag Shopping Centers LLC have pulled a $5 million building permit as they continue developing the new Highland Row urban infill development.

64. Methodist Files Permit for Campus Near Bartlett -

Methodist Le Bonheur Healthcare has filed a $2.6 million building permit application for changes to a 64,294-square-foot Class B office building it recently acquired.

Methodist plans to turn the building into a campus for the health care provider’s information systems and biomedical and clinical engineering departments.

65. Methodist Files Permit for Campus Near Bartlett -

Methodist Le Bonheur Healthcare has filed a $2.6 million building permit application for changes to a 64,294-square-foot Class B office building it recently acquired.

Methodist plans to turn the building into a campus for the health care provider’s information systems and biomedical and clinical engineering departments.

66. Lighting Girls’ Lives -

The Pink Eagles are like a Girl Scouts troop created just for Memphis. For the past seven years, the nonprofit has helped area girls ages 5 to 19 build self-confidence, leadership skills and financial literacy. The weekly meetings and seasonal events are free for the participants thanks to the leadership of founder Loretta McNary.

67. West-Ward Pharmaceutical Plans Distribution Center Expansion -

4750 Pleasant Hill Road
Memphis, TN 38116
Loan Amount: $6.1 million

68. Apartments Near Graceland Sell for $1.2 Million -

Hunter Oaks apartments sold on July 10 for $1.2 million, according to a special warranty deed filed July 23.

Crane Properties LLC, a California limited liability company doing business in Tennessee as Crane Manor LLC, purchased the 76-unit complex from Jerry Razer. The property is located at 3775 Graves Road in Whitehaven, adjacent to the Elvis Presley Boulevard corridor.

69. Apartments Near Graceland Sell for $1.2 Million -

Hunter Oaks apartments sold on July 10 for $1.2 million, according to a special warranty deed filed July 23.

Crane Properties LLC, a California limited liability company doing business in Tennessee as Crane Manor LLC, purchased the 76-unit complex from Jerry Razer. The property is located at 3775 Graves Road in Whitehaven, adjacent to the Elvis Presley Boulevard corridor.

70. Methodist Healthcare Buys Office Building From Belz -

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

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

71. Belz Sells Office Building for $4 Million -

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

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

72. Belz Sells Building for $4 Million -

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

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

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

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

74. Home Medical Products Opens New Memphis Office -

Home Medical Products Inc. has opened a Memphis office by acquiring a local respiratory therapy business.

75. Belz’s Industrial Portfolio Sells to MDH for $82 Million -

The recent sale of Belz Enterprise’s industrial portfolio to MDH Partners LLC of Atlanta totals more than $82 million, according to four special warranty deeds filed on June 19.

76. Home Medical Products Opens New Memphis Office -

Home Medical Products Inc. has opened a Memphis office by acquiring a local respiratory therapy business.

77. Belz’s Industrial Portfolio Sells to MDH for $82 Million -

The recent sale of Belz Enterprise’s industrial portfolio to MDH Partners LLC of Atlanta totals more than $82 million, according to four special warranty deeds filed on June 19.

78. MDH Buys Belz’s Memphis Industrial Portfolio -

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

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

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

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

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

80. Can We Still Be Friends? -

DIVORCE MAY BE BEST. After all, it was a shotgun wedding.

He grew up in an old neighborhood under the shade of old oaks – a big city boy with more ambition than brains, a dreamer always looking past the weeds in his own yard to greener grass. He was fun alright – into good times and great restaurants, live music and funky joints, nights that start with sunsets on the river and end at dawn next to somebody. He spent big, too big. Lived large, too large. And, truth be told, he could be a bit scary and more than a bit grabby.

81. Germantown Parkway Parcels Sell for $3.4 Million -

789 and 725 N. Germantown Parkway
Memphis, TN 38018
Sale Amount: $3.4 million

82. Lantern Square Apartments Sell for $1.9 Million -

The Lantern Square Apartments community in Raleigh has sold for $1.9 million to a California investor.

Raleigh Management LLC purchased the Class D property from Lantern Square Apartments LLC, an affiliate of New Orleans-based Fountainbleau Management Services LLC, in an April 29 warranty deed.

83. Big Deals Highlight 2014 Real Estate -

In Inked, we like to highlight local real estate transactions and the often-interesting companies leasing or buying commercial real estate space in the Memphis market. We also like to keep you informed about major deals before they happen and track companies that are critical to the local economy. Here are some important items that appeared in Inked in 2014.

84. Highland Row Developer Applies for $6.7 Million Permit -

387 S. Highland St.
Memphis, TN 38111
Permit Amount: $6.7 million

Project Cost: $61 million
Application Date: November 2014
Engineer: Jordan & Skala Engineers
Details: Indianapolis-based developer Milhaus Ventures has applied for another building permit for the long-awaited Highland Row project near the University of Memphis.

85. Former Marriott Hotel Sells for $5.1 Million -

An East Memphis hotel has been sold for $5.1 million.

JPMCC 2007 CIBC19 Lodging 2625 LLC sold The Hotel Memphis at 2625 Thousand Oaks Blvd., near Perkins Road and Interstate 240, to Jubilee Hotels Group LLC, according to an Oct. 29 warranty deed.

86. Courtyard Memphis East Sells for $11.7 Million -

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.

87. Courtyard Memphis East Sells for $11.7 Million -

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.

88. Courtyard Memphis East Fetches $11.7 Million -

The Courtyard Memphis East/Park Avenue has sold for $11.7 million as part of New York-based NorthStar Realty Finance Corp.'s $1.1 billion acquisition of 52 hotels nationwide.

89. Former Marriott Hotel Sells for $5.1 Million -

An East Memphis hotel has been sold for $5.1 million.

JPMCC 2007 CIBC19 Lodging 2625 LLC sold The Hotel Memphis at 2625 Thousand Oaks Blvd., near Perkins Road and Interstate 240, to Jubilee Hotels Group LLC, according to an Oct. 29 warranty deed.

90. Shelby County Residential Foreclosures Drop 22 Percent -

Foreclosures have been on a consistent downward slope in Shelby County, with newly available figures underscoring the comprehensive nature of the decline.

During third quarter 2014, the county saw 667 residential foreclosures, a 22 percent decline from the 853 filed during the same period in 2013, according to real estate information company Chandler Reports, chandlerreports.com.

91. Racquetball to Benefit Church Health Center -

The 10th annual E-Force PowerSlam Racquetball Open to benefit the Church Health Center will be held Oct. 24-25 in Memphis.

WellWorX Sporting Clubs at 6161 Shelby Oaks Drive will serve as the host site for the tournament. Multiple skill and age divisions for men and women are available for singles and doubles play. The entry fee for one event is $45; participants may play up to three events and receive a reduced rate for the second and third events.

92. Racquetball Tournament to Benefit Church Health Center -

The 10th annual E-Force PowerSlam Racquetball Open to benefit the Church Health Center will be held Oct. 24-25 in Memphis.

WellWorX Sporting Clubs at 6161 Shelby Oaks Drive will serve as the host site for the tournament. Multiple skill and age divisions for men and women are available for singles and doubles play. The entry fee for one event is $45; participants may play up to three events and receive a reduced rate for the second and third events.

93. FedEx Decides Not to Renew a Renaissance Center Lease -

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.

94. Source: Horizon Under Contract To Be Purchased -

The Horizon, an uncompleted 16-story residential tower overlooking the Mississippi River on the southern end of Downtown, could change hands soon.

A yet-to-be-identified buyer is under contract to purchase the tower, according to sources familiar with the effort.

95. Developer Files Permit for Graceland-Area Hotel -

3411 Elvis Presley Blvd.
Memphis, TN 38116
Permit Cost: $3.5 million

96. Hotel Owner Files $3 Million Loan -

The new owner of the Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has filed a $3 million loan on the property.

97. Green Mountain Consulting Finds Home Along Poplar -

Logistics vendor Green Mountain Consulting wasn’t necessarily looking to buy an office building when it began its search for more office space for expansion.

“We’re not getting into the commercial real estate business because we wanted to be in it; we got into it because we have a company to operate and needed the space,” said Jim Jacobs, one of Green Mountain’s co-founders.

98. New Nonprofit Charts Role in Blight Fight -

The bulldozer went straight for the leasing office of the former Spanish Oaks apartments on Cazassa Road near Memphis International Airport.

Meanwhile another bulldozer across the two-lane road was deep into demolishing a set of buildings in the old Winchester Park apartments.

99. Renovation, Expansion Underway at Saddle Creek -

The Shops at Saddle Creek has picked up a new tenant as the lifestyle center undergoes a renovation.

Marmi Shoes has leased 1,395 square feet between Vera Bradley and Madewell at Saddle Creek. St. Louis-based Marmi Shoes offers a wide variety of women’s shoe styles and sizes with a European influence. The Saddle Creek location, the first in the Memphis area and the second in Tennessee, is expected to open in the fall.

100. Graceland Hotel Passes Crucial Hurdle -

A new hotel near Graceland has passed a key regulatory hurdle.

The Memphis-Shelby County Land Use Control Board approved a proposal from Elvis Presley Enterprises to build a 450-room hotel on the same side of Elvis Presley Boulevard as the historic Graceland mansion, one of the city’s top tourism sites.