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Editorial Results (free)

1. Mueller Industries Eyeing Relocation to Collierville -

Memphis-based Mueller Industries has filed a payment-in-lieu-of-taxes application with the Collierville Industrial Development Board to relocate its corporate headquarters to the Schilling Farms mixed-use development from its current location in Southeast Memphis.

2. New Midtown Brewery Files $1.2M Building Permit Application -

1350 Concourse Ave.
Memphis, TN 38104 

Permit Amount: $1.2 million

Application Date: March 2017

Owner: Crosstown Concourse

3. Regency Buys 70 Acres In Germantown for $2 Million -

Regency Homebuilders LLC has bought a 70-acre parcel of land in Germantown from Goodwin Farms L.P. for roughly $2 million, according to a Feb. 27 warranty deed filed with the Shelby County Register of Deeds.

4. Last Word: Arnold's in the Alley, Haslam's Gas Tax Bill Wins A Round and Hershey -

A busy day in the City Hall list saga. The list is a lot shorter, but there is a second lawsuit over this in Memphis Federal Court. And the list itself seems to be giving way to a controversy that is all about whether police were unlawfully following and tracking protesters who broke no laws.

5. Regency Homebuilders Buys 70 Acres in Germantown -

Regency Homebuilders LLC has bought a 70-acre parcel of land in Germantown from Goodwin Farms L.P. for roughly $2 million, according to a Feb. 27 warranty deed filed with the Shelby County Register of Deeds.

6. Collierville Insurance Merging With Henry & Co. -

Two of West Tennessee’s oldest insurance agencies – Henry & Co. Insurance, an affiliate of The Bank of Fayette County, and Collierville Insurance Agency – are merging.

7. Henry & Co., Collierville Insurance to Merge -

Two of West Tennessee’s oldest insurance agencies – Henry & Co. Insurance, an affiliate of The Bank of Fayette County, and Collierville Insurance Agency – are merging.

8. Palazzolo Says Germantown Maximizing Commercial Development Where it Can -

Just a few years ago, Germantown leaders were worried. Sales tax revenues were down in the recession and the city had annexed the last of its reserve area.

Looking back on it, Germantown Mayor Mike Palazzolo admits it was a challenge. The perspective has changed as the recession has lifted.

9. New Olivet Church Buys Woodland Hills for $2M -

Cordova’s Woodland Hills event center has been purchased by a local church.

New Olivet Baptist Church, working as Olivet Baptist Church, paid $2 million for the 31,672-square-foot clubhouse, or $61.57 per square foot. The sellers, Edward and Cindy Dodd, had purchased Woodland Hills in 2010 for $1.6 million.

10. St. Jude Planning Renovation Of Tri Delta Place -

350 N. Third St.

Memphis, TN 38105

Permit Amount: $3.5 million

Application Date: November 2016

11. New Olivet Baptist Church Buys Woodland Hills for $2M -

Cordova’s Woodland Hills event center has been purchased by a local church.

New Olivet Baptist Church, working as Olivet Baptist Church, paid $2 million for the 31,672-square-foot clubhouse, or $61.57 per square foot. The sellers, Edward and Cindy Dodd, had purchased Woodland Hills in 2010 for $1.6 million.

12. Last Word: Underperforming At the Polls, Tenoke Plans and Poverty in Cordova -

Still parsing election numbers, although 24 hours after the polls closed in Shelby County, the Election Commission was still counting absentee ballots.

Here is a statewide perspective from Associated Press.

13. Malco Prepares to Renovate Wolfchase Galleria Cinema -

Malco’s Wolfchase Galleria cinema is set to undergo what it’s calling an “extensive renovation.”

The project is expected to begin in January. The renovations will include improved sound systems, upgraded auditorium seats, new restrooms, an updated lobby, enhanced concession stand with new menu items and fresh signage.

14. Last Word: Election Impact, Fun with Election Cross Tabs and DeSoto vs. Marshall -

Now, about the idea being discussed starting late last week that when the Feds are looking at someone running for office or holding office they have to take into consideration how close the next election is for that person.

15. Malco Prepares to Renovate Wolfchase Galleria Cinema -

Malco’s Wolfchase Galleria cinema is set to undergo what it’s calling an “extensive renovation.”

The project is expected to begin in January. The renovations will include improved sound systems, upgraded auditorium seats, new restrooms, an updated lobby, enhanced concession stand with new menu items and fresh signage.

16. Boyle Completing Key Quadrant At Schilling Farms, Eyeing More Retail -

Boyle Investment Co. is wrapping up construction on a critical corner of Schilling Farms that will bring more retail and encourage more office users to consider the development. The three adjacent projects fill in the southern quadrant of Schilling Boulevard and Winchester Road, a small part of the sprawling 443-acre, city-within-a-city in Collierville.

17. 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.

18. Retail Projects in Memphis Suburbs, Oxford Staple of Trezevant Realty Corp. -

Germantown-based Trezevant Realty Corp. has deep roots in the Mid-South commercial real estate market, and the uptick in the economy has more projects moving full-steam ahead.

19. Husband-and-Wife Team Manage Brides and Business at Maggie Louise -

Molly Farrell doesn’t recall a childhood spent dreaming about wedding gowns and the perfect ceremony.

20. 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.

21. Arlington Car Wash Sells for $3 Million -

The Boomerang Carwash located at 9809 Highway 64 in Arlington sold for $3 million on Sept. 30.

Scottsdale Ariz.-based Spirit Master Funding X LLC purchased the 3,150-square-foot property located on Highway 64 just west of North Houston Levee Road.

22. Arlington Car Wash Sells for $3 Million -

The Boomerang Carwash located at 9809 Highway 64 in Arlington sold for $3 million on Sept. 30.

Scottsdale Ariz.-based Spirit Master Funding X LLC purchased the 3,150-square-foot property located on Highway 64 just west of North Houston Levee Road.

23. Binghampton Retail Plan Goes to Land Use Board -

Neighborhood retail in Binghampton tops the Thursday, Aug. 13, agenda of the Memphis-Shelby County Land Use Control Board.

Among the 25 items on the board’s agenda is Binghampton Development Corp.’s request for a planned development to accommodate a retail center with grocery store on 4.87 acres at Sam Cooper Boulevard and Tillman Street.

24. Binghampton Retail Plan Goes to Memphis Land Use Board -

Neighborhood retail in Binghampton tops the Thursday, Aug. 13, agenda of the Memphis-Shelby County Land Use Control Board.

Among the 25 items on the board’s agenda is Binghampton Development Corp.'s request for a planned development to accommodate a retail center with grocery store on 4.87 acres at Sam Cooper Boulevard and Tillman Street.

25. Houston Levee Apartments In Cordova Fetch $17.5M -

9940 Paddle Wheel Drive
Cordova, TN 38016

Sale Amount: $17.5 million

Sale Date: July 9, 2015

26. Michigan Investor Pays $7.5 Million for Hickory Hill Apartments -

5995 Waterstone Oak Way
Memphis, TN
Sale Amount: $7.5 million

Sale Date: June 11, 2015
Buyer: RoCo-Lakes LLC
Seller: RRE Waterstone Holdings LLC
Loan Amount: $6.2 million
Loan Date: June 11, 2015
Maturity Date: June 11, 2017
Lender: Keybank NA
Details: RoCo-Lakes LLC, a Michigan limited liability company, purchased two parcels comprising The Lakes at Ridgeway Apartments on June 11.

27. Two In-Rel Properties Fetch $16.8 Million -

6263 Poplar Ave. and
2670 Union Ave. Extended
Memphis, TN

28. Lynnfield Place Apartments Sell for $22.4 Million -

1400 Lynnfield Road
Memphis, TN 38119
Sale Amount: $22.4 million

Sale Date: Nov. 7, 2014
Buyer: Lynnfield Apartments LLC
Seller: Lynnfield Holdings LLC
Loan Amount: $20 million
Loan Date: Nov. 3, 2014
Borrower: Lynnfield Apartments LLC
Lender: Arbor Commercial Funding LLC
Details: The Lynnfield Place apartment community in East Memphis has sold for $22.4 million.

29. Survival of the Fittest -

Back in 2010, as the video rental giant Blockbuster was circling the drain in the wake of its Chapter 11 bankruptcy filing, the irony was inescapable to Matt Martin.

Martin, co-owner of Black Lodge Video in Memphis, told a reporter for the Christian Science Monitor how Blockbuster employees “literally laughed in our faces” when the independent video rental shop first opened its doors.

30. Marx-Bensdorf Expands in East Memphis -

A prominent Memphis realty company has expanded its presence in East Memphis. Marx-Bensdorf Realtors has grown in the office building at 5860 Ridgeway Loop Blvd. by 526 square feet, bringing its total to 4,653 square feet.

31. Dohmen Life Science Adds Space in SE Memphis -

Dohmen Life Science Services is expanding its footprint in Southeast Memphis.

The operator of the pharmaceutical logistics company DDN recently inked lease renewals and an expansion that pushed its occupancy to 628,000 square feet.

32. Knowledge Tree Buys Cordova Retail Center -

8195 Dexter Road
Memphis, TN 38016
Sale Amount: $1.3 million

Sale Date: July 8, 2014
Buyer: K Tree LLC
Seller: 8195 Dexter Road LLC
Loan Amount: $1.5 million
Loan Date: July 11, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of the Knowledge Tree learning center has paid $1.5 million for the 28,575-square-foot shopping center at 8195 Dexter Road in Cordova.

33. Legacy Farm Owner Files $29.8 Million Loan -

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

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

34. Hillview Village Apartments Sell for $5.9 Million -

2051 E. Alcy Road
Memphis, TN 38114
Sale Amount: $5.9 million

Sale Date: March 27, 2014
Buyer: 2013 Hillview LP
Seller: Alcy Partners LP
Details: The 265-unit Hillview Village Apartments at 2051 E. Alcy Road in the Defense Depot neighborhood have sold for $5.9 million.

35. Malco to Leave Wolfchase in 2017 -

Rather than renew the lease to its cinema inside the Wolfchase Galleria mall when it ends in 2017, Malco has decided to replace it by building a new cinema on U.S. 64, west of Houston Levee Road.

Malco spokeswoman Karen Scott said it’s a result of the Memphis-based theater chain preferring to build free-standing facilities moving forward, rather than operate inside someone else’s facility, as it has done at Wolfchase.

36. Malco to Leave Wolfchase in 2017 -

Rather than renew the lease to its cinema inside the Wolfchase Galleria mall when it ends in 2017, Malco has decided to replace it by building a new cinema on U.S. 64, west of Houston Levee Road.

Malco spokeswoman Karen Scott said it’s a result of the Memphis-based theater chain preferring to build free-standing facilities moving forward, rather than operate inside someone else’s facility, as it has done at Wolfchase.

37. Smucker Files $16 Million Permit for Plant Expansion -

4789 Cromwell Ave.
Memphis, TN 38118
Permit Cost: $16 million

Project Cost: $41 million
Permit Date: Applied January 2014
Completion: TBA
Owner: The J.M. Smucker Co.
Tenant: The J.M. Smucker Co.
Architect: N/A
Contractor: N/A
Details: The J.M. Smucker Co. has filed a $16 million permit with the city-county Office of Construction Code Enforcement as part of its planned plant expansion at 4789 Cromwell Ave. in Oakhaven.

38. Cecil’s Automotive Owner Files $1.7 Million Loan -

The owner of Cecil’s Automotive at 3815 S. Houston Levee Road in Collierville has filed a $1.7 million loan on the property.

39. Apartment, Retail Markets Holding Steady -

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

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

40. Harold Ford Sr. Buys Sycamore View Property -

1670 Sycamore View Road Memphis, TN 38134

Sale Amount: $1.8 million

Sale Date: April 8, 2013

41. Panther Properties Buys Two Cordova Apartments -

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

42. Panther Properties Buys Two Cordova Apartments -

Woburn, Mass.-based Panther Properties Investment LLC has bought a pair of Cordova apartment complexes – the Villas at Grays Creek and the Carrington at Houston Levee – for a combined $44.8 million.

43. Crowne Plaza Hotel Sells Out of Foreclosure -

300 N. Second St. Memphis, TN 38103

Sale Amount: $9.4 million

Sale Date: Dec. 28, 2012

44. Collierville Acreage Sells for $1.1 Million -

A partnership called Crisscross Partners LLC has paid $1.1 million for a 22.19-acre vacant parcel at 115 Crisscross Lane in Collierville.

45. Delta Blues Winery LLC Buys 15 Acres in Lakeland -

6495 Stewart Road Lakeland, TN 38002
Sale Amount: $165,000

Sale Date: Dec. 10, 2012

46. Advance Auto Parts Sells for $1.1 Million -

An affiliate of Escondido, Calif.-based Realty Income Corp. has paid $1.1 million for the Advance Auto Parts store at 9811 U.S. 64 in Arlington.

47. MED Buys East Memphis Land for $3.4 Million -

6525 Quince Road Memphis, TN 38119

Sale Amount: $3.4 million

Sale Date: Nov. 16, 2012

48. Integrity Oncology Adapts to Rapidly Changing Industry -

Integrity Oncology PLLC continues to evolve within an ever-changing health care landscape.

Last month the practice, which operates four area locations, moved its West Memphis office to a new 2,500-square-foot, freestanding location, and it anticipates a future move of its East Memphis office into the new Baptist Memorial Health Care Corp.’s $65 million comprehensive cancer treatment center that will be built by 2015.

49. Events -

Catholic Charities of West Tennessee’s Mobile Food Pantry will be holding a nonperishable-food drive during the grand opening of the fred’s Super Dollar at 7143 Winchester Road Friday, Sept. 21, from 9 a.m. to 2:30 p.m. Contact Alie Lifsey at alie.lifsey@acc.cdom.org.

50. Panda to Build Restaurant On Winchester Outparcel -

7525 Winchester Road
Memphis, TN 38125

Permit Cost: $791,345

Project Cost: N/A

51. Raines Road Warehouse Sells for $2.3 Million -

4049 E. Raines Road
Memphis, TN 38118

Sale Amount: $2.3 million

Sale Date: Aug. 3, 2012

52. Dollar General Buys Elvis Presley Blvd. Store -

Retail Property Investments LLC, a subsidiary of Goodlettsville, Tenn.-based Dollar General Corp., has bought a newly built store on Elvis Presley Boulevard from the company that developed it.

53. C’ville Medical Office Financed for $2.2M -

O&W Properties LLC has financed a Class A medical office located in a historic Collierville residence for $2.2 million through First Tennessee Bank NA.

54. Grant Entity Files $20M Loan For Collierville Construction -

25 acres north
Of Shea Road

Loan Amount: $20.4 million

Loan Date: July 31, 2012

Maturity Date: Aug. 1, 2017

Borrower: Westbrook Crossing GP

Lender: Magna Bank

55. Shelby Crossing Retail Center Sells for $2M in Foreclosure -

6100 Macon Road
Memphis, TN 38134

Sale Amount: $2 million

Sale Date: July 13, 2012

56. Dollar General Buys Three New Stores -

Goodlettsville, Tenn.-based Dollar General Corp. has paid $3.2 million to buy three recently completed stores from Ware Properties LLC, the company that built them.

57. Hickory Hill Warehouse Sells for $1.3 Million -

5837 Distribution Drive
Memphis, TN 38141

Sale Amount: $1.3 million

Sale Date: July 11, 2012

58. Grant to Enhance West Memphis Port -

The rails at the Port of West Memphis will meet the edge of the levee with $10.9 million in federal funding announced last week in Washington.

The port won funding from the U.S. Department of Transportation as part of the TIGER – Transportation Investment Generating Economic Recovery – grant program.

59. Nucor Files Application For Steel Operations -

3601 Paul R. Lowry Road
Memphis, TN 38109

Permit Cost: $2 million

Permit Date: Applied February 2012

Owner: Nucor Corp.

60. Gallina Centro Parcel Sells for $800,000 -

An outparcel to Collierville’s Gallina Centro shopping center traded hands twice in recent weeks, culminating in a $800,000 sale.

First, Gallina Centro LLC quitclaimed the 18,260-square-foot building to two entities, with 75 percent interest going to H-L Centro LLC and the remainder quitclaimed to Forest Hill LP.

61. Events -

The Peabody hotel will host a Thanksgiving Day brunch Thursday, Nov. 24, from 10:30 a.m. to 3:30 p.m. on the mezzanine at the hotel, 149 Union Ave. Cost is $55 for adults and $20 for children. For reservations, call 529-3668. Thanksgiving Day dinner at the Capriccio Grill is from 11 a.m. to 10 p.m. Cost is $40 for adults and $15 for children. For reservations, call 529-4199. Thanksgiving Day dinner at Chez Philippe is $70 per person and includes a four-course menu. For reservations, call 529-4188. A Christmas tree-lighting ceremony will be held Friday, Nov. 25, from 11 a.m. to 7 p.m. at the hotel. The ceremony is free and open to the public.

62. Events -

Talk Shoppe will present “Open Microphone Discussing Hot Business Topics” Wednesday, Nov. 23, from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. For more information, call Jo Garner at 482-0354.

63. Defense Depot Property Sells for $1.1 Million -

2085 W.E. Freeman Drive
Memphis, TN 38114
Sale Amount: $1.1 million

Sale Date: Sept. 14, 2011

Buyer: Varma Family LP

64. Cordova Mini-Storage Financed for $2.2M -

Extra Space Properties Seventy Three LLC, an affiliate of Salt Lake City-based Extra Space Storage Inc., has filed a $2.2 million loan through Compass Bank for its storage center at 2855 Houston Levee Road in Cordova.

65. Bioworks Foundation to Build Specialized Lab on S. Dudley -

45 S. Dudley St.
Memphis, TN 38103
Permit Amount: $15.2 million

Project Cost: $15.2 million

66. Orleans Apt. Community Files $11.9M Construction Loan -

Bartlett-based Orleans Apartment Community LLC has filed an $11.9 million construction loan through U.S. Bank N.A. for 18.5 acres on the north side of Walnut Grove Road between Rocky Point Road to the west and North Houston Levee Road to the east.

67. Plans Move Ahead For Cordova Staples -

1.7 acres in
Galleria of Memphis
Sale Amount: $850,000

Sale Date: July 26, 2011

Buyer: TN Cordova Germantown LLC

68. Redeemer Church Buys Collierville Property -

Redeemer Evangelical Church of Memphis has bought a church and surrounding property at 2896 Houston Levee Road in Collierville from The Diocese of West Tennessee for $2.5 million. The purchase was financed through the diocese for $2.5 million, with the loan maturing Aug. 1, 2016.

69. Smith & Nephew Files Permit For Goodlett Farms Building -

7135 Goodlett Farms Parkway
Cordova, TN 38016
Permit Amount: $8 million

70. Cordova Self-Storage Facility Sells for $2.6 Million -

Salt Lake City-based Extra Space Properties Two LLC has bought a self-storage facility at 2855 Houston Levee Road from Georgia-based JF Storage Holdings LLC for $2.6 million. No financing deed was filed with the Shelby County Register of Deeds at the time of sale.

71. FedEx Files $10.8M Permit For Demolition Work -

2781 Democrat Road
Memphis, TN 38118
Permit Amount: $10.8 million

Permit Date: Applied April 2011
Owner: FedEx
Tenant: FedEx
Contractor: Flintco Inc.

72. Shelby Drive Apartments Sell for $1.4 Million -

1500 E. Shelby Drive
Memphis, TN 38116
Sale Amount: $1.4 million

Sale Date: Feb. 25, 2011
Buyer: Saddle Vineyards LP
Seller: Everbank
Loan Amount: $2.5 million
Loan Date: Feb. 28, 2011
Maturity Date: March 10, 2016
Lender: Triumph Bank

73. Evolve Bank Buys Vacant Collierville Land -

Evolve Bank & Trust has bought a 1.1-acre parcel on the east side of South Houston Levee Road north of West Poplar Avenue in Collierville from Fusion Worldwide LLC for $820,000. The site is an outparcel of Ballard Property Planned Development.

74. Krispy Kreme Finances Two Memphis Locations -

6255 Wincester Road
And 4244 Elvis Presley Blvd.
Loan Amount: $8.4 million

75. Collierville Auto Garage Financed for $1.5 Million -

Olive Branch-based Roller Properties LLC, which is affiliated with Cecil’s Automotive, has financed an auto garage at 3815 S. Houston Levee Road in Collierville through BancorpSouth Bank for $1.5 million.

76. Infinity Real Estate Buys Office Building for $1.2 Million -

5100 Sanderlin Ave.
Memphis, TN 38117
Sale Amount: $1.2 million

Sale Date: Feb. 16, 2011
Buyer: Infinity Real Estate LLC
Seller: Blanchard E. Tual, successor trustee of the Don Wallace Morgan Family Trust created under the last will and testament of Don Wallace Morgan dated Dec. 8, 2003, and Mary Katherine Fouts and Douglas A. Garner, co-trustees of the Fouts Estate Family Trust created under the last will and testament of Jimmie Darrell Fouts dated June 15, 2005
Loan Amount: $1.3 million
Loan Date: Feb. 16, 2011
Maturity Date: Feb. 16, 2026
Lender: First Tennessee Bank NA

77. Civil Rights Museum Files Permit for Phase One Redesign -

450 Mulberry St.
Memphis, TN 38103
Permit Amount: $1 million

Permit Date: Applied January 2011
Owner: State of Tennessee
Tenant: National Civil Rights Museum Foundation
Architect: Self Tucker Architects Inc.

78. Clark Properties Sold at Foreclosure Sales -

Properties belonging to brothers G. Benjamin Clark and Nicholas G. Clark, as well as Hearthstone Investments LLC, an entity related to the Clarks, have been sold at foreclosure sales, according to The Daily News Online.

79. Commission Debates Charter Stand, Approves Terms For New Morgue -

Shelby County Commissioners talked Monday about consolidation, education funding and minority business contracts during a session that also included a debate about building a new morgue.

A resolution approving the agreements between Shelby County and the state for the construction of a new Regional Forensic Center passed on an 11-0 vote. Commissioner Heidi Shafer abstained and Commissioner Justin Ford, who is a funeral director, recused himself from the vote.

80. Historic Restaurant to Begin New Chapter in New Locale -

Jim’s Place restaurant was founded Downtown in 1921. Eighty-nine years later, the Taras family still owns Jim’s Place East, on Shelby Oaks Drive, and Jim’s Place Grille, in Collierville, though a major change is coming for Jim’s Place East in the next few months.

81. Miller Amasses More Foreclosures -

More foreclosures have piled up against developer and homebuilder David Miller, who filed for Chapter 7 bankruptcy in May.

82. Crews Buys Collierville Hampton -

1280 W. Poplar Ave.
Collierville, TN 38017
Sale Amount: $5.1 Million

Sale Date: May 11, 2010
Buyer: SGR LLC
Seller: Collierville Hotels GP
Loan Amount: $3.8 million
Loan Date: May 11, 2010
Maturity Date: May 11, 2015
Lender: First Citizens National Bank

83. Hyneman Sells 3-acre Outparcel Of Lakeland’s Corner Shops -

2957 Canada Road
Lakeland, TN 38002
Sale Amount: $550,000

Sale Date: March 22, 2010
Buyer: A. Douglas Collins
Seller: Corner Shops LLC

84. Lightman Files Permit for Retail Center -

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

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

85. Smith & Nephew Closes Deal On Former Harrah’s Office Building -

7216 Goodlett Farms Road
Unincorporated Shelby County
Sale Amount: $14 Million

Sale Date: Jan. 13, 2010
Buyer: Smith & Nephew Inc.
Seller: Harrah’s Operating Co. Memphis LLC

86. Migliara Buys Summer Avenue Retail Center from Las Vegas Owner -

6343 U.S. 70 (Summer Ave.)
Memphis, TN 38134
Sale Amount: $1.2 Million

Sale Date: Nov. 25, 2009
Buyer: Lawrence Migliara
Seller: Biz Point Property Group LLC
Loan Amount: $1.2 million
Loan Date: Nov. 25, 2009
Maturity Date: Dec. 5, 2014
Lender: Trustmark National Bank

87. Daly’s Former Home Has New Owner -

Professional golfer John Daly’s former home on Legends Drive in Germantown has a new owner. Scott and Niloofar Baymiller bought the two-story, 7,671-square-foot home Nov. 30 for $950,000 from an entity called Selene RMOF REO Acquisition LLC.

88. CVS Ventures Into Local, Walgreens-Dominated Market -

CVS is already bringing one pharmacy to U.S. 64 and Houston Levee Road in Cordova, and the company last week secured the land where it will build its second Memphis store.

Woonsocket, R.I.-based CVS, the retail division of CVS Caremark, paid $1.4 million for the 7,344-square-foot retail store at 5055 Stage Road, on the southwest corner of Stage and Covington Pike in Raleigh. The building, which formerly housed a Hollywood Video store, sits on 1.1 acres near the Memphis-Bartlett border.

89. Golf Performance Center Slated For Timberlake’s Mirimichi -

6129 Woodstock Cuba Road
Millington, TN 38053
Permit Amount: $1.3 Million

Project Cost: $1.3 million
Permit Date: Applied October 2009
Completion: 2010
Owner: Big Creek Golf LLC
Tenant: Callaway Performance Center
Contractor: Eagle Contractors Inc.
Architect: N/A

90. Roller Properties Buys Lot For Car Care Center -

Olive Branch-based Roller Properties LLC, the parent company of Cecil’s Automotive, has purchased for $695,000 a 1.01-acre lot on Houston Levee Road for a new full-service car care center. The sale took place Sept. 23. The seller was Kevin Hyneman of Kevin Hyneman Cos.

91. Owner Files Loan On Houston Levee Center -

Houston Levee Investments LLC, the owner of a 16,320-square-foot retail center at 2821 N. Houston Levee Road, has filed a $1.7 million loan on the property through First Citizens National Bank. The loan was dated Aug. 13.

92. City of Memphis Files Permit For Liberty Bowl Renovation -

335 S. Hollywood St.
Memphis, TN 38104
Permit Amount: $1.2 Million

Project Cost: $1.2 million
Permit Date: Applied June 2009
Owner: City of Memphis
Tenant: Liberty Bowl Memorial Stadium
Architect: Bounds & Gillespie Architects PLLC

93. Hyneman Sells Lakeland Outparcel To California Investors -

2957 Canada Road
Lakeland, TN 38002
Sale Amount: $2 Million

Sale Date: June 19, 2009
Buyer: Debbie Ann Martinez and Michael Amerio, as trustees of the Debbie Ann Martinez 2003 Trust (50 percent); and Dawn Lizabeth Bubion and Michael Amerio, as trustees of the Dawn Lizabeth Bubion 2003 Trust (50 percent)
Seller: Corner Shops LLC

94. Commercial Real Estate Takes a Beating -

Commercial real estate suffered a sharp decline in May, with sales falling dramatically from the same month a year ago and the previous month.

Shelby County saw just 35 commercial sales in May, marking a 49 percent dropoff from 69 sales in May 2008 and a 35 percent dropoff from 54 sales in April, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

95. Events -

The Alliance for Nonprofit Excellence will present a workshop titled “Best Practices in Internal Controls” today from 8:30 a.m. to noon at the Alliance office, 5100 Poplar Ave., Suite 502. Daniel Moore will lead the workshop. Cost is $65 for members, $125 for nonmembers and $55 for those in the Program for Nonprofit Excellence. For more information, call 684-6605 or visit www.npexcellence.org.

96. Events -

Memphis City Schools will host its first Memphis Interscholastic Athletic Association Golf Classic today at 8 a.m. at Irene Golf & Country Club, 8141 Irene Blvd. Tournament fees are $250 per person and $1,000 for teams of four. For more information or tickets, call 748-8889.

97. Collier Lincoln Mercury Dealership Sold Back to Bank -

2177 Covington Pike
Memphis, TN 38128
Sale Amount: $2.5 Million

Sale Date: May 22, 2009
Buyer: First Tennessee Bank NA
Seller: LaToya L. Williams, substitute trustee

98. Foreclosure Crisis Hits All Sectors Of Community -

Not even the rich and famous are immune to foreclosure, as evidenced by a handful of mortgage defaults by high-profile figures during the past year.

Six months after Isaac Hayes’ death, his Cordova home at 9280 Riveredge Drive was foreclosed and sold back to Regions Bank for $712,000, half of what the soul singer paid for the property in 2002.

99. Lorenzen Wright’s Home Sold Back to Bank -

The Eads home of former University of Memphis and Grizzlies basketball player Lorenzen Wright has been sold back to the bank following a foreclosure.

BankTennessee on Friday bought the custom-built, 12,475-square-foot house, near Raleigh-LaGrange and Reid Hooker roads, for $1.3 million on the Shelby County Courthouse steps.

100. 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