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Editorial Results (free)

1. 2nd-Longest US Expansion on Record Keeps Churning Out Jobs -

WASHINGTON (AP) – The U.S. economy has delivered steady if only modest gains for most Americans since the Great Recession ended in 2009. It's been a frustration for many.

Yet the very sluggishness of the economic expansion helps explain why it's now the second-longest on record and why more of the country might soon benefit from higher pay.

2. Memorial Fund Created For Coach Tommy Buford -

The Tiger Scholarship Fund has created a memorial account in honor former University of Memphis men’s tennis coach Tommy Buford, who died Jan. 14 at age 83 at his home in Boise, Idaho.

The account was created at the request of former Tiger tennis players and friends of Buford.

3. Memorial Fund Created for Coach Tommy Buford -

The Tiger Scholarship Fund has created a memorial account in honor former University of Memphis men’s tennis coach Tommy Buford, who died Jan. 14 at age 83 at his home in Boise, Idaho.

4. As Companies Give Bonuses, Prospect of Pay Gains Still Hazy -

WASHINGTON (AP) – American Airlines is handing out $1,000 bonuses to its employees. So are AT&T, Bank of America and Nationwide Insurance. The same for Comcast, JetBlue Airways and US Bancorp.

5. Final Goodbye: Roll Call of Some Who Died in 2017 -

They made music that inspired legions of fans. Rock 'n' roll founding fathers Chuck Berry and Fats Domino, rockers Tom Petty and Gregg Allman, grunge icon Chris Cornell, country superstar Glen Campbell and jazz great Al Jarreau were among the notable figures who died in 2017, leaving a void in virtually every genre of music.

6. What to Expect for Your Personal Finances in 2018 -

No one wants to be caught off-guard when it comes to their finances. So The Associated Press asked several experts to share their opinion on what will happen with some key issues in 2018 that will directly impact your personal financial well-being. Here's a look at their forecasts:

7. GOP Tax Overhaul Will Be Felt by State, Local Governments -

With Congress sending President Donald Trump a tax overhaul, state and local governments are preparing for some fallout.

A look at some of the ways it might affect them:


8. Don’t Overlook Company Reviews -

Being happy at work is an essential part of career fulfillment. Sometimes, it seems we spend more time researching where to eat the best hamburger than where to work. Much like skipping restaurant reviews, failing to research a company can come back to burn you later. The good news is you no longer have to know someone personally to get the scoop on a company.

9. Jobs Data Could Signal Shortage of Qualified Workers to Hire -

WASHINGTON (AP) – Are employers starting to run out of workers to hire?

A hiring pullback reported in Friday's U.S. jobs data for May raises that prospect. The economy added just 138,000 jobs, which was still high enough to help cut the unemployment rate to a 16-year low of 4.3 percent. With the recovery from the Great Recession having reached its eighth year, hiring is gradually weakening.

10. US Employers Add Modest 138K Jobs; Rate Dips to 4.3 Percent -

WASHINGTON (AP) – U.S. employers pulled back on hiring in May by adding only 138,000 jobs, though the gains were enough to help nudge the unemployment rate down to a 16 year-low.

The Labor Department said Friday that the jobless rate fell to 4.3 percent the lowest level since 2001, from 4.4 percent. Still, the rate declined mainly for a less-than-encouraging reason: People stopped looking for work in May and so were no longer counted as unemployed.

11. Memphis Open Hall of Fame To Induct Phil Chamberlain -

Local tennis legend Phil Chamberlain will be inducted into the Memphis Open Hall of Fame as part of the Memphis Open tennis tournament.

Chamberlain will be honored during a ceremony to be conducted between the first and second matches of the evening session on Thursday, Feb. 16.

12. Memphis Open Hall of Fame To Induct Chamberlain -

Local tennis legend Phil Chamberlain will be inducted into the Memphis Open Hall of Fame as part of the Memphis Open tennis tournament.

Chamberlain will be honored during a ceremony to be conducted between the first and second matches of the evening session on Thursday, Feb. 16.

13. Obama's Final Jobs Report: Big Pay Gain, Slower Hiring -

WASHINGTON (AP) – Americans' paychecks rose in December at the fastest pace in more than seven years as steady hiring and low unemployment led some businesses to pay more to attract and keep workers.

14. Reactionaries, Evidence Vie on Medicinal Pot -

Three-year-old Josie Mae Mathis of Greene County used to suffer hundreds of seizures daily from epilepsy and infantile spasms. Aden Vogus, a pre-teen from Brentwood, has seen his seizures all but disappear.

15. Final Goodbye: Roll Call of Some of Those Who Died in 2016 -

Death claimed transcendent political figures in 2016, including Cuba's revolutionary leader and Thailand's longtime king, but also took away royals of a different sort: kings of pop music, from Prince and David Bowie to George Michael.

16. What 2017 May Mean for Your Personal Finances -

It's been a tumultuous 2016 – both financially and politically. The year may have left some people wondering, what's next? And, how will it affect me?

Lacking a crystal ball, we asked a few economic experts what they think 2017 may hold in store for Americans' personal finances. Here's their take on what to expect in the year ahead:

17. Mid-South Home Tour To Highlight Building Trends -

The West Tennessee Home Builders Association will showcase the latest trends in homebuilding and design as part of its Mid-South Parade of Homes. Twenty-two homes, reaching from Olive Branch to Collierville, are part of the Mid-South tour. Prices for the new homes range from $188,000 to $765,000.

18. Hiring Slowdown in April May Signal Caution About US Economy -

WASHINGTON (AP) – American employers signaled their caution about a sluggish economy by slowing their pace of hiring in April after months of robust job growth.

At the same time, companies raised pay, and their employees worked more hours – a combination that lifted income and, if sustained, could quicken the U.S. expansion.

19. Grizzlies Sign KD in Free Agency, Trade Mike Conley? No, Don’t Think So -

So there’s a national report out there saying the Memphis Grizzlies will make a strong play to sign free agent Kevin Durant after the season.

20. After 40 Years of Pro Tennis, Will Memphis See Another? -

You can’t tell the players – or the owners – without a scorecard.

That’s the recent history of what is presently called the Memphis Open presented by ServiceMaster.

It is, specifically speaking, an ATP World Tour 250 event.

21. Locally Grown Foods Look to Bigger Business -

PHILADELPHIA (AP) – Once a niche business, locally grown foods aren't just for farmers markets anymore.

A growing network of companies and organizations is delivering food directly from local farms to major institutions like Thomas Jefferson University Hospital in downtown Philadelphia, eliminating scores of middlemen from farm to fork. Along the way, they're increasing profits and recognition for smaller farms and bringing consumers healthier, fresher foods.

22. Southaven Ex-Mayor Sentenced to 2 1/2 Years -

Former Southaven Mayor Greg Davis has been sentenced to 2 1/2 years in state prison for felony convictions of embezzlement and fraud.

23. Southaven Ex-Mayor Sentenced to 2 1/2 Years -

Former Southaven Mayor Greg Davis has been sentenced to 2 1/2 years in state prison for felony convictions of embezzlement and fraud.

24. Former Motel 6 Sells for $1.4 Million -

1321 Sycamore View Road
Memphis, TN 38134
Sale Amount: $1.4 million

Sale Date: Jan. 13, 2014
Buyer: P & S Hospitality LLC
Seller: G6 Hospitality Property LLC
Loan Amount: $1.1 million
Loan Date: Jan. 14, 2014
Maturity Date: N/A
Lender: Argent Bank
Details: The former Motel 6 at 1321 Sycamore View Road in Northeast Memphis has traded hands for $1.4 million.

25. Owner of Whitehaven Retail Center Files Loan -

The owner of the 19,844-square-foot retail center at 5339 Elvis Presley Blvd. in Whitehaven has filed a $2.2 million loan on the property.

26. Chisley Named CEO of Methodist North Hospital -

Gyasi C. Chisley has joined Methodist North Hospital as CEO. In his new role, Chisley will lead thousands of associates and aligned and contracted medical staff. He says that as health care transitions from volume to value, his platform is to grow outpatient practices, physicians and services while creating a viable patient-centered environment.

27. Events -

The Center City Revenue Finance Corp. board will meet Tuesday, Sept. 10, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

28. Events -

In-Synk and The Daily News will host a Leadership Lunch & Learn book review and discussion on Sheryl Sandberg’s “Lean In: Women, Work and the Will to Lead” Friday, Sept. 6, from 11:45 a.m. to 1 p.m. in the Triumph Bank board room, 5699 Poplar Ave. Cost is $20. Visit seminars.memphisdailynews.com.

29. Henry Turley Co. Files Permits for South Junction -

727 E. Mann Circle; 726. E. Mann Circle; 725 W. Mann Circle; 35 W. Georgia Ave.; 649 Florida St.; 18 W. Carolina Ave.; 9 E. Carolina Ave.
Memphis, TN 38103
Permit Costs: $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.4 million

30. Florida Company Buys Multi-Tenant Building on U.S. 64 -

A local affiliate of Delray Beach, Fla.-based Belford Ventures has paid $3 million for the multi-tenant retail building at 7859 U.S. 64 (Stage Road) in Northeast Memphis.

The entity 7859 Stage LLC bought the 72,472-square-foot building in an Aug. 19 warranty deed from Memphis-based CM&W GP, a partnership composed of Phil Chamberlain, Jon McCreery and Jack Whitaker. That group bought the property in 2005 from SKN LLC for $2.5 million.

31. This week in Memphis history: June 28-July 4 -

2012: Shelby County Mayor Mark Luttrell was among those reacting to a legal motion by the Shelby County Commission to stop the move by suburban leaders to form their own municipal school districts. Luttrell said he wasn’t surprised by the motion but was “shocked” by the commission’s claim that the suburban school districts would amount to a racial resegregation of public schools in Shelby County.

32. Dot-Com Moves Distribution To Memphis -

Wilsonville, Ore.-based LinenTablecloth.com has entered the Memphis industrial market, leasing 82,500 square feet at 3046 Datsun Drive for its new distribution center.

33. Nursing Home Owner Files $13 Million Loan -

3549 Norriswood Ave.
Memphis, TN 38111

Loan Amount: $13 million

Loan Date: July 13, 2012

34. Parktown Place Condos Sold Back to BankPlus -

Ridgeland, Miss.-based BankPlus has bought back the Parktown Place Condominiums in Midtown following a foreclosure of the eight-unit multifamily complex and its owner, Dogwood Properties of Memphis.

35. Green Building, Design Slowly Take Hold in Memphis Area -

When residential and commercial construction hit new boom times – whenever that might be – the rebirth will take place in a new era with new rules.

“People are becoming more environmentally aware, and that’s going to change the market,” said Don Glays, executive director of the Memphis Area Home Builders Association. “There are a lot of advantages to buying green, and people are starting to understand that.”

36. Building Blitz -

Some of the city’s prominent homebuilders huddled up at McDonald’s on Winchester and Tchulahoma roads around 4:30 a.m. on Monday, June 4, trying to decide what the weather had in store for the first morning of the Habitat for Humanity of Greater Memphis/Memphis Area Home Builders Association Home Builders Blitz.

37. Habitat for Humanity Preps for Home Builders Blitz -

Habitat for Humanity of Greater Memphis, the Memphis Area Home Builders Association and Emmy Award-winning television personality Steve Thomas will join forces Monday, June 4, to kickoff Habitat for Humanity International’s Home Builders Blitz 2012.

38. Actor, Author Rivers To Speak At YWCA Benefit -

For its 15th annual benefit luncheon Wednesday, March 7, the YWCA of Greater Memphis is bringing actor-turned-activist and best-selling author Victor Rivas Rivers to town to discuss his familial experiences with domestic violence.

39. Chamberlain Joins MBI -

Jessica Chamberlain has joined MBI as a workspace consultant.

Hometown: Arlington, Tenn.

40. Logan New Director Of AHA Heart Ball -

Sarah Logan has joined the American Heart Association as director of the Heart Ball.

Hometown: Hernando, Miss.

41. Multipurpose Bldg. Planned for Soulsville Charter School -

1115 College St.
Memphis, TN 38106
Permit Cost: $4 million

Permit Date: Applied February 2012
Owner: The Soulsville Foundation
Tenant: The Soulsville Foundation
Details: The Soulsville Foundation has filed a $4 million building permit application with the city-county Office of Construction Code Enforcement for a 15,000-square-foot, one-story, multipurpose building at The Soulsville Charter School.

42. Dogwood Finances Lots in Arlington, Bartlett -

Dogwood Properties has filed a $1.5 million loan through Independent Bank secured by eight lots in Arlington and Bartlett.

43. MC Ionic Solutions US Begins Work on Fite Rd. Site -

2665 Fite Road
Memphis, TN 38127
Permit Amount: $1.3 million

Permit Date: Applied July 2011

44. Arlington Shopping Center Financed for $1.5 Million -

Slidell, La.-based Southeast Investments LLC has financed a nearly 24,000-square-foot shopping center at 6050 Air Line Road in Arlington for $1.5 million through Trustmark National Bank. The loan matures July 5, 2016.

45. Grants Buy Lots in Kensington PD -

Three companies related to the Grant family of homebuilders have bought the remaining 105 lots in Arlington’s Kensington Planned Development for a combined $2.6 million from BancorpSouth Bank. Kensington was approved for 109 lots on 45.4 acres.

46. Black Equip. Supply Grows Memphis Presence -

Black Equipment Supply is relocating its Memphis presence to a space that nearly doubles the size of the firm’s former location.

The company will vacate its 14,000-square-foot space off Cherry Road and has signed a 25,372-square-foot lease at Shelby Air Park, 4570 Shelby Air Drive, suite 8.

47. Glencore Grain Buys Mendenhall Warehouse -

4834 S. Mendenhall Road
Memphis, TN 38118
Sale Amount: $6 Million

Sale Date: March 25, 2011
Buyer: Glencore Grain USA LLC
Seller: ProLogis NA2 Tennessee LLC

48. Companies Sell Lots in Arlington Subdivision -

Two related companies – West TN Land Co. GP and Chamberlain & McCreery Inc. – have sold 104 lots in Arlington’s Kensington Planned Development to BancorpSouth Bank for $1.4 million.

49. Staples to Build First Memphis Location -

The world’s largest office products company will soon enter the Memphis market.

Framingham, Mass.-based Staples Inc. has signed a 17,945-square-foot lease at Ridgeway Trace, the shopping center at Poplar Avenue and Interstate 240 developed by Houston-based Weingarten Realty Investors.

50. Builders Struggle to Turn ‘Lookers’ Into Buyers -

While Shelby County builders filed just 24 permits last month – a 41.5 percent decrease from 41 permits in January 2010 – industry professionals are confident the numbers will be corrected by the close of the first quarter as the weather improves.

51. Wells Fargo Gives Grant to Memphis Nonprofit -

The Wells Fargo Home Mortgage Housing Foundation has presented a $12,000 grant to the Memphis Consumer Credit Education Association, a nonprofit group that helps families and individuals by providing them education on home buying, credit, budget development and money management.

52. Louis Dreyfus Buys Kentucky Drive Warehouse -

2514 Kentucky Drive
Memphis, TN 38106
Sale Amount: $2.4 million

Sale Date: Dec. 28, 2010
Buyer: Louis Dreyfus Commodities Memphis Warehousing LLC
Seller: Westside Compress Co. Inc.

53. Cordova Shopping Center Sells for $1.8 Million -

Old Forest Properties GP has sold a strip shopping center at 8195 Dexter Road to 8195 Dexter Road LLC for $1.8 million. The sale document states it is a non-merger deed in lieu of foreclosure.

54. Houston Levee Strip Center Sells for $1.1 Million -

Farhad Montomedi has bought a strip shopping center in Cordova from Chamberlain, McCreery & Rice GP for $1.1 million.

The property includes a one-story, 9,936-square-foot center built in 2007 sitting on 0.9 acres. The Shelby County Assessor of Property’s 2010 appraisal was $1.1 million. The purchase also included a 0.4-acre parcel of vacant land on Breezy Valley Drive. That parcel’s 2010 appraisal was $171,200.

55. Timmons Finds Ways to Serve at Frase Protection -

Michael Timmons grew up on a farm in rural Illinois.

While still in high school, he committed to enlist in the U.S. Army.

56. Rebounding Activity -

Shelby County homebuilders last month reached triple digits with new home permits for the first time in nearly two years.

But instead of congratulating themselves for the increase in activity, companies are focused now on maintaining momentum and further pulling themselves out of the biggest homebuilding slump in recent memory.

57. Q4 Permits Show Improvements -

A familiar trend in the housing industry played out during fourth quarter 2009. Like what happened with home sales and mortgages, building permits enjoyed a rare improvement as the year drew to a close.

58. Byrnes to Take MAHBA Reins -

Tommy Byrnes of Byrnes Ostner Investments Inc. will serve as 2010 president of the Memphis Area Home Builders Association, the group’s executive director, Don Glays, said this week.

59. Bank Reclaims 38 Lots From Builder in Bartlett -

Merchants & Farmers Bank bought back 28 lots in the Hampton Grove Planned Development and 10 lots in Hampton Grove North Planned Development in Bartlett for a combined $1.1 million after foreclosing on the property that had been owned by Chamberlain & McCreery Inc.

60. Residential Building Heats Up in November -

Arlington is back in the news, although this time it has nothing to do with Mayor Russell Wiseman posting remarks on his Facebook page about President Obama and “A Charlie Brown Christmas” television special.

61. Homebuilders Work Toward Much Greener Mentality -

A Memphis company last week forged an important milestone for the sustainable building movement when the National Association of Home Builders certified the 500th home in the U.S. through the organization’s National Green Building Program.

62. Dollar General Coming To James Road in Raleigh -

3609 James Road
Memphis, TN 38128
Permit Amount: $497,000

Project Cost: $497,000
Permit Date: Applied September 2009
Completion: TBA
Owner: SW Properties LLC
Tenant: Dollar General Corp.
Contractor: SW Properties LLC
Architect: N/A

63. Waddells Buy Ashley Manor Condominiums -

John and Nancy Waddell have bought the two-building, 16-unit Ashley Manor condominiums at 129 and 137 N. Belvedere St. in Midtown for $1.6 million from Chamberlain, McCreery and Rice GP. The sale closed Sept. 4.

64. Louisiana Investor Buys Arlington Retail Center -

6050 Air Line Road
Arlington, TN 38002
Sale Amount: $1.8 Million

Sale Date: Sept. 2, 2009
Buyer: Southeast Investments LLC
Seller: Pleasant Place LLC, Waymon H. Welch, Danya Welch, Dawn Welch, Jon E. McCreery, Phillip Chamberlain

65. Arlington Center Sells for $1.8 Million -

Southeast Investments LLC of Slidell, La., has bought a 23,952-square-foot retail center at 6050 Air Line Road in Arlington for $1.8 million in a deed in lieu of foreclosure. The sellers were Pleasant Place LLC, Waymon H. Welch, Danya Welch, Dawn Welch, Jon E. McCreery and Phillip Chamberlain. The sale closed Sept. 2.

66. Q2 Building Permits Continue Downward Trend -

The homebuilding industry in the mid-2000s distinguished itself through a record-setting pace – each year it seemingly topped the previous one in terms of housing starts.

Now, the converse of that is true as builders consistently set new lows because of the ongoing housing crunch and credit crisis.

67. Vesta Home Show to Kick Off in Arlington Today -

This year’s Vesta Home Show will achieve a couple of “firsts” – the first show in Arlington and the first to feature all “green” homes.

The eight-home show, set for the fall, kicks off today with a groundbreaking ceremony at 10 a.m. at the Villages of White Oak, a $24 million, 326-acre, 700-home development just north of Interstate 40 near the Shelby-Fayette county line.

68. Work Begins on Habitat’s Green Neighborhood -

Trinity Park, the first all-green neighborhood being developed by Habitat for Humanity of Greater Memphis, reached an important milestone last week when crews began site work on the project.

After years of fundraising – and those efforts are still under way – the $3.1 million, 38-home neighborhood will begin taking form on 8.6 acres at Winchester and Tchulahoma roads in Oakhaven near Memphis International Airport.

69. Modular Energy Plant To Be Installed at Le Bonheur -

905 Poplar Ave.
Memphis, TN 38105
Permit Amount: $13.6 Million

Project Cost: $327 million
Permit Date: Applied April 2009
Completion: 2011
Owner: Methodist Le Bonheur Healthcare
Tenant: Methodist Le Bonheur Healthcare
Contractor: Skanska USA
Architect: FKP Architects

70. Owner Files $1M Loan For Parktown Place -

Dogwood Properties, the owner of the eight-unit multifamily complex in Midtown called Parktown Place, has refinanced the property with a $1 million loan through BankPlus. The company’s principal is Jon McCreery, who said this transaction was a move from a construction loan to a longer-term, permanent loan on the property. The loan was dated March 30 with a maturity date of March 30, 2014.

71. Perennial Building Files Loan for Seven Lots -

Perennial Building Group LLC, whose principal is David Miller, has filed a $1.3 million loan through Renasant Bank for seven lots – three in the Harrells Ridge Subdivision in Arlington and four in the Mount Pisgah Planned Development in Cordova. The April 14 loan has a maturity date of April 15, 2011.

72. Q1 Data: All Quiet on the Homebuilding Front -

When an industry slows down dramatically, it’s often said its business comes to a screeching halt. The demise of local homebuilding can’t exactly be summed up that way because it implies some kind of sound is being generated.

73. Latest Numbers Paint Dreary Homebuilding Picture -

The homebuilding industry suffered another period of slower sales and fewer starts in October, signaling a continued crisis in the housing market.

Shelby County saw just 61 home sales by builders last month, a staggering 61.6 percent decline from the 159 homes sold in October 2007, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com. Last month’s total even marked a 53.1 percent dropoff from the 130 homes builders sold in September.

74. Head Selected as Director Of SWTCC Library -

Carolyn Head has been selected to serve as executive director of Library Services for Southwest Tennessee Community College.

75. Memphis Sash and Door Files $100K in Liens -

Memphis Sash and Door has filed 13 liens totaling $69,033 against builder Chamberlain & McCreery Inc. and six liens totaling $36,021 against builder Oaktree Homes LLC. The liens are for labor and materials provided that the claimant says remain unpaid by the builders.

76. Lenox Homes Makes Adjustments In Poor Market -

Chris Christian had been in the homebuilding business long enough – more than 20 years – to know it was time to shake things up.

His company, Lenox Homes LLC, was still performing well from Arlington to DeSoto County to Downtown. But as the housing market contracted, as sales sagged and new-home starts shrank throughout the region, Christian figured he better adapt to the changing times or suffer the consequences.

77. Builder Sales Suffer Drastic Dropoff -

Reduction of inventory for Shelby County homebuilders continued at a snail’s pace last month, declining 59.3 percent from the same month a year ago.

Builders sold just 81 homes in August, a staggering decrease from the 199 sold in August 2007, according to the latest Top Builders report by real estate information company Chandler Reports, www.chandlerreports.com. Data includes only new homes sold in Shelby County.

78. Bredesen, Energy Task Force To Discuss EcoBuild Program -

Tennessee Gov. Phil Bredesen and the Governor’s Energy Policy Task Force will meet today at 9 a.m. at the Memphis Light, Gas and Water Division Administration Building and afterward tour the Uptown neighborhood to learn about MLGW’s EcoBuild program.

79. 12 Foreclosure Notices Filed Against Chamberlain & McCreery -

Twelve foreclosure notices have been filed against local developer Chamberlain and McCreery Inc. for defaulting on loan payments. The first-run foreclosure notices appear starting on Page 26 of today’s Daily News.

80. Boost at the Base -

Chamberlain and McCreery Inc. has landed a $12 million contract with Cleveland-based Forest City Enterprises Inc. to build 73 homes at the Naval Support Activity Mid-South base in Millington.

The homebuilding company recently began work on the homes and is slated to complete the project by September 2009, said company executive Phil Chamberlain.

81. Sales Drop 50% Despite Builders’ Best Efforts -

Green building isn’t an instant salve for the ailing real estate market, but some local builders are moving in that direction as they continue to cope with slumping home sales.

Phil Chamberlain of Chamberlain & McCreery Inc. recently earned the Certified Green Professional (CGP) designation from the National Association of Home Builders, which he hopes will provide another viable option for prospective buyers in these difficult times.

82. Miller Brings Five Homes To Harrells Ridge -

David Miller LLC has filed a $1.2 million construction loan through Regions Bank to build homes on five lots in the Harrells Ridge Subdivision in Arlington.

The 122-lot subdivision, on roughly 66 acres bounded by Interstate 40 to the south and Harrell Road to the north, is nearing the halfway point with 52 homeowners living there and dozens more houses under construction.

83. Banks Maintain County Home Sales Lead -

A familiar trend continued in April as banks and trust companies again dominated the list of Shelby County’s top residential sellers while homebuilders lagged behind.

Deutsche Bank National Trust Co. remained the No. 1 seller of residential properties in terms of both number of sales and total dollar amount for the county. The company sold 72 residential properties averaging $62,190 per sale for a total of $4.5 million, according to the latest Top Sellers report from real estate information company Chandler Reports, www.chandlerreports.com.

84. Jo-Ann Fabric, Dollar Tree Coming to Centennial Commons -

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

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

85. Miller Files $3.1M LoansFor Homes on Arlington Lots -      David Miller LLC has filed a pair of construction loans to build homes on 21 lots in the Harrells Ridge subdivision in Arlington, a 122-lot development on roughly 66 acres bounded by Interstate 40 to the south and Harrel

86. CM&R Hit By Foreclosure Notices -

Cadence Bank NA has filed seven notices of foreclosure against Chamberlain, McCreery & Rice LLC, the company formed by a trio of longtime developers and builders – Phil Chamberlain, Jon McCreery and Hank Rice.

87. Bottoming Out -

Reducing starts and shedding inventory continued to be the overriding theme for homebuilders as 2008 began, and it manifested in the shrinking number of building permits filed during first quarter.

88. White Oak's Developers To Showcase New Homes -

The Villages at White Oak in Arlington is unveiling five model homes to give visitors to Shelby County's newest subdivision something to see and feel.

Scheduled for later this month, the open house marks a major milestone for the $24 million, 326-acre, 700-home development just north of Interstate 40 near the Shelby-Fayette county line, said White Oak development coordinator Tommy White.

89. Numbers Show Homebuilding Nightmare in Shelby -

Connie Neal likens her homebuilding company to a fairytale. At a time when builders' woes are splashed prominently in headlines each day, the activity at Affinity Homes LLC plugs along.

Neal, who owns the Cordova-based company with her husband, Jimmy, said Affinity has even hired new employees while many homebuilders slash payroll or close shop altogether.

90. Steady Sales Volume Good News for Commercial Real Estate -

A handful of high-dollar deals highlighted Shelby County's commercial real estate sales landscape in January, helping 2008 begin on a positive note with a total sales volume of $137.4 million.

Topping the list of commercial sellers for the month was Fair Oak LLC, which sold two multifamily properties for a combined $17.7 million. It marked the top total dollar amount for any one seller during January, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

91. Deutsche Bank HeadsJanuary Seller List -      Deutsche Bank National Trust Co. - a division of Frankfurt, Germany-based Deutsche Bank AG - was Shelby County's top residential home seller for January in terms of dollar amount, according to the latest data from real e

92. Builders' January SalesFall Short of 2007 -      Residential building in Shelby County for January dropped by 13.6 percent from last year's mark. Sales by builders totaled 95 for the month, down from the 110 homes sold by builders in January 2007, according to the late

93. Banks, Trust Cos. Top Shelby Home Sellers -

Of all the residential real estate storylines from the past year, perhaps the most intriguing was how trust companies and banks - not builders - wound up being the top home sellers in Shelby County.

94. Richwell Furniture Direct Building Near Wolfchase to be Subdivided -

7859 U.S. 64
Memphis, TN 38133
Sale Amount: $2.5 million

Sale Date: Jan. 7, 2008

Buyer: CM&W GP

95. Numbers Confirm That '07 Construction Went From High-Octane to Running on Fumes -

As president of one of Memphis' largest homebuilders and a 35-year industry veteran, Jerry Gillis of FaxonGillis Homes had no trouble summing up construction activity during the past year: "It started out with a bang and ended with a whimper." Indeed it did.

96. Builder Launches New Product Despite Housing Downturn -

The best companies - those that not only survive, but thrive - are the ones that adapt to changing times and changing marketplaces.

And since probably no other industry has experienced as much turmoil in 2007 as residential housing with sagging home sales and waning consumer confidence, being flexible in the homebuilding business is more critical than ever.

97. Archived Article -

2855 N. Houston Levee Road
Cordova, TN 38016
Sale Amount: $4.6 million

Sale Date: Oct. 23, 2007

Buyer: JF Storage Holding LLC

98. Nothing to Sugarcoat -

For anyone wondering where all the home builders have gone, just take a drive into Fayette or DeSoto counties and look for the brightly colored flags touting new subdivisions.

As those neighboring communities continue to boom, they also continue to take a toll on residential housing in Shelby County, which suffered another drastic dropoff in third quarter 2007.

99. FaxonGillis Buys 27 LotsIn Arlington Community -      White Oak General Partnership sold 27 lots in The Villages at Whiteoak for $1.4 million to FaxonGillis Homes Inc. on Sept. 21. The lots comprise phase one of the project, which is slated for completion by early 2009. 100. Archived Article -

1700, 1800 and 1820 N. Germantown Parkway
And 8110 Dexter Road
Sale Amount: $7 million

Sale Date: July 31, 2007