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Editorial Results (free)

1. Faropoint Sells Germantown Retail Center for $13M -

Faropoint Ventures, doing business as Germantown Square Retail LLC, has sold a 142,000-square-foot retail building to Florida investor Nash Fields LLC for $12.6 million.

2. Crosstown Crossroads -

When Octavia Young opened Midtown Crossing Grill in 2014, the area around what would eventually become the Crosstown Concourse was a lot different than it is now.

Though there were some agreements in place at the time, there were no guarantees that the wildly ambitious but risky project would a success, and even if it was, there was no telling how long it would take for that success to spill out into the surrounding neighborhood.

3. Bite Squad Pool Of Memphis Restaurants Tops 150 -

Competition in the on-demand meal delivery space is heating up in Memphis with the online and mobile food ordering and delivery service Bite Squad adding more than 30 new restaurants to its stable in Memphis, bringing its total to more than 150 here.

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

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

5. $12.6M Building Permit For New Ballet Memphis HQ -

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

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

6. Faropoint Purchases Cordova Retail Center -

Israel-based Faropoint Investments has made its second Memphis purchase this year. The real estate investment firm, acting as Germantown Square Retail Co., bought a Cordova shopping center from NPK Cordova LLC for $9.7 million, according to an April 15 warranty deed.

7. The Week Ahead: Jan. 18, 2016 -

How was your weekend Memphis? Here are some local events to keep on your radar this week, from a full slate of MLK activities to a David Bowie tribute to a Marco Rubio fundraiser…

8. Main Event’s ‘Eat. Bowl. Play’ Opens -

Main Event Entertainment looks at dozens of metrics when deciding where to bring its sprawling family entertainment centers next – everything from an area’s growth trajectory to the mix of households with children as well as young singles.

9. Incredible Pizza To Unveil Indoor Roller Coaster -

America’s Incredible Pizza Company is unveiling an indoor roller coaster at its Cordova family entertainment center next month.

The 3,500-square-foot steel coaster, to be housed inside the location at 1245 N. Germantown Parkway, is 72 feet long, 35 feet wide and 14 feet tall.

10. Incredible Pizza Memphis To Unveil Indoor Roller Coaster -

America’s Incredible Pizza Company is unveiling an indoor roller coaster at its Cordova family entertainment center next month.

The 3,500-square-foot steel coaster, to be housed inside the location at 1245 N. Germantown Parkway, is 72 feet long, 35 feet wide and 14 feet tall. The track is a figure-eight shape and each compartment car can hold up to four people, making for an overall capacity of 16 people per ride.

11. Nashville’s Most Romantic Restaurants -

Romance means something different for everyone, but most people can agree that if there is low lighting, soft music, a charming companion and something delicious to eat, you’ve already got the makings of one outstanding evening.

12. Take a Right at Candyland, Cruise Down Memory Lane -

Bill Decker has confessed to committing an “old Nashville” act. The founder of Decker Wealth Management admits he recently gave a friend directions to a certain destination that included a turn at a now-demolished Nashville landmark.

13. I Choose Memphis: Andrés Flores -

“I Choose Memphis” spotlights Memphians who are passionate about calling this community home. New Memphis Institute provides the profiles.

Name: Andrés Flores

14. Keystone Landing Complex Sells for $4.6 Million -

4266 Ridgestone Road
Memphis, TN 38128
Sale Amount: $4.6 million

Sale Date: Sept. 12, 2013
Buyer: Keystone Landing Apartments LLC
Seller: Ridgemont Investors LLC
Loan Amount: $3.5 million
Loan Date: Sept. 12, 2013
Maturity Date: N/A
Lender: Arbor Commercial Funding LLC
Details: The 150-unit Keystone Landing apartment complex at 4266 Ridgestone Road in Raleigh has sold for $4.6 million.

15. Cypress Realty Sells Red Robin Ground Lease -

Memphis-based Cypress Realty Holdings Co. has sold the ground lease of the Red Robin restaurant at 1231 N. Germantown Parkway in Cordova for $2 million.

16. Slice of the Pie -

Come mid-July, local restaurateur Aldo Dean will launch Aldo’s Pizza Pies, his group’s third concept in Memphis and second in Downtown’s Central Business District.

Dean is one of three partners behind the new 3,900-square-foot restaurant on the ground floor of Henry Turley Co.’s Barboro Flats at 100 S. Main St. Adam Slovis of Slovis & Associates LLC represented Dean and his group in its seven-year lease for Aldo’s Pizza Pies.

17. Cordova Hastings Store to Close -

Entertainment retailer Hastings Entertainment has operated a store in Cordova for the last four years.

But the location at 1245 Germantown Parkway, where the chain has operated in a 25,000-square-foot space since 2007, has long been unable to hit the company’s earnings target. That’s according to Hastings chief financial officer Dan Crow, who cited that and the fact “we just didn’t have sufficient volume” at the location as reason the company is closing it in early December.

18. Bank On Memphis Aims to Aid Unbanked, Underbanked -

The everyday financial transactions of 45,000 Memphis households are done in cash, car title loans, money orders, third-party check cashing and payday loans.

And those “unbanked” transactions mean lost savings opportunities estimated by Federal Reserve Bank officials at $45 million locally.

19. Mall Boosts Hickory Hill Business Activity -

Jara Robinson picked up a shoe that looked more like artwork than footwear at The Stiletto Bar.

“The name almost speaks for itself,” she said, describing the store she opened inside Hickory Ridge Mall two months ago. “I was just trying to bring something new and trendy to the area.”

20. America’s Incredible Pizza Slated for Hickory Ridge -

Morning Star LLC has filed a $1.1 million building permit application with the city-county Office of Construction Code Enforcement to remodel Hickory Ridge Mall’s former Macy’s store into an America’s Incredible Pizza Co. restaurant and entertainment center.

21. New & Improved -

Just more than two years after being ravaged by a tornado, Hickory Ridge Mall will reopen this weekend under new ownership and having undergone millions in renovations.

The mall now will be a community center featuring retail components and eventually will include a medical center.

22. Events -

The Dixon Gallery and Gardens will host Brewer’s Feast today at 6 p.m. at the Dixon, 4339 Park Ave. Five all-grain ales will be paired with gourmet food. Reservations are required. Cost is $50 for members and $60 for nonmembers. For more information, call 761-5250.

23. Chicago Firm Buys Another Memphis Warehouse -

4219 Air Trans Road
Memphis, TN 38118
Sale Amount: $8.4 Million

Sale Date: Nov. 5, 2008
Buyer: Memphis Air Trans LP
Seller: TC Air-T Industrial LLC
Loan Amount: $6.7 million
Loan Date: Nov. 5, 2008
Maturity Date: N/A
Lender: Union Bank of California NA

24. Cypress Realty Buys Red Robin Ground Lease -

Memphis-based Cypress Realty Holdings Co. has paid $1.4 million for the ground lease of the Red Robin restaurant at 1231 N. Germantown Parkway in Cordova. The building sits on a 1.68-acre outparcel of the former Kmart at 1245 N. Germantown Parkway. That center was redeveloped into an America’s Incredible Pizza Co. and other stores by NPK Cordova LLC, which sold the ground lease to Cypress Realty Holdings.

25. Old Kmart Site NearsRetail Transformation -      The transformation of a formerly vacant Kmart store in Cordova is nearly complete.
     Already, a Red Robin Gourmet Burgers restaurant has opened on an outparcel at the Germantown Parkway si

26. Abandoned Kmart to Find New Lease on Life -

The Cordova-area retail space formerly home to Kmart is being remodeled to make way for bowling lanes, a mini-golf course, go-kart track, video games, a pizza buffet and more.

The company behind the renovation of that vacant space at 1245 Germantown Parkway is Tulsa, Okla.-based America's Incredible Pizza Co., a company whose properties are veritable palaces of dining and entertainment options.

27. Centro Finalizes LeasesFor Former Kmart Site -      The New York-based real estate company Centro has finalized leases for the Germantown Square shopping center, at 1245 Germantown Parkway in Cordova.
     Incredible Pizza Co., Hastings Entert

28. Former Kmarts, Cordova Shopping Center Have New Options With New Plan -

When New Plan Excel Realty Trust Inc. and Sears Holdings Corp. set up a joint development venture in 2005, the venture's first deal involved transforming three former Kmart stores in Memphis.

Sears had closed the stores in 2005, citing their under-performance. Since then, Sears' partner in its development venture - a New York real estate investment trust (REIT) with assets of about $3.5 billion - has more than lived up to its name.

29. Wolfchase Neighbor Up for Grabs? Shopping Center across from mall scoped by NY real estate trust -

Judging by the interest of a New York-based real estate investment trust, ownership of one of the most expensive pieces of property in Shelby County soon could be changing hands.

New Plan Excel Realty Trust is in the early stages of acquiring The Commons, a 33-acre shopping center across from Wolfchase Galleria that includes such tenants as Old Navy, Home Depot and Toys 'R' Us.

30. Gill Properties Repositions Bartlett's Stage Centre -

6600 Stage Road
Bartlett, TN 38134
Loan Amount: $9.5 million

Loan Date: July 19, 2006

Maturity Date: Aug. 10, 2008

31. Amid Congestion and Over-Building, Cordova Struggles to Reinvent Itself -

It's common to refer to the object of someone's affection as "the apple of my eye," so one thing a group of civic and business leaders wants to do for Cordova is brand the Memphis suburb with a similar phrase.