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Editorial Results (free)

1. Week Ahead: Feb.19-25 -

It seems the only thing consistent about this hot again, cold again weather is the rain. As we enter another week of the waning winter, there are plenty of events to keep you entertained. But don’t forget the umbrellas, Memphis!

2. 100 N. Main Owner Buys Two Adjacent Parcels -

Less than a month after the 100 North Main Building was effectively reclaimed by the lender at a foreclosure auction, New York-based real estate firm Townhouse Management Co. affiliate THM Memphis Acquisitions LLC has purchased two adjacent parcels.

3. 100 N. Main Owners Buy Additional Property -

80, 86, 88 N. Main St., Memphis, TN 38103: Less than a month after the 100 North Main Building was effectively reclaimed by the lender at a foreclosure auction, New York-based real estate firm Townhouse Management Co. affiliate THM Memphis Acquisitions LLC has purchased adjacent parcels.

4. 100 N. Main Owner Buys Two Adjacent Parcels -

Less than a month after the 100 North Main Building was effectively reclaimed by the lender at a foreclosure auction, New York-based real estate firm Townhouse Management Co. affiliate THM Memphis Acquisitions LLC has purchased two adjacent parcels.

5. 100 North Main Owner Buys Two Adjacent Parcels -

Less than a month after the 100 North Main Building was effectively reclaimed by the lender at a foreclosure auction, New York-based real estate firm Townhouse Management Co. affiliate THM Memphis Acquisitions LLC has purchased two adjacent parcels.

6. Hotel Indigo, Trader Joe’s Move Ahead -

22 N B.B. King Blvd., Memphis, TN 38103: Atlanta-based Three P Partners has filed a $5 million building permit application with the Office of Construction Code Enforcement to construct a 118-room Hotel Indigo at the corner of North B.B. King Boulevard and Court Avenue.

7. Nasdaq Vice President Talks Up Blockchain in Memphis -

The guest speaker at this month’s Economic Club of Memphis luncheon discussed blockchain technology, a subject that has filtered into the mainstream conversation. Presenting the topic to a roomful of bankers and business leaders also gave it additional prominence at a time when blockchain-related news has been multiplying.

8. City Council Approves 2 Percent Gas and Electric Rate Hikes -

Memphis City Council members approved gas and electric rate hikes Tuesday, Feb. 6, for Memphis Light Gas and Water Division effective in July.

The two percent rate hikes for each of the sectors came after a prolonged council debate and a council vote that initially voted down the 2 percent rate hike for gas.

9. Harwell Plans to Back Faison’s Medical Marijuana Legislation -

House Speaker Beth Harwell is supporting medical marijuana legislation, saying she believes Tennesseans “deserve” an option to dangerous opioids.

10. Events -

Novel will host Wintrell Pittman, author of the “Children of the World” book series, for a discussion and book signing Saturday, Jan. 27, at 2 p.m. at 387 Perkins Road Extended. The 12-book series uses crayon characters to teach children basic morals and values while enhancing reading and comprehension skills. Visit novelmemphis.com.

11. ASD Proposes Shifting Memphis Middle School to Charter Group -

After years of dwindling enrollment, the only middle school in Memphis that’s run directly by Tennessee’s turnaround district could be switching hands.

The proposed change would keep Westside Achievement Middle School in the state-run Achievement School District but take it out of the district’s direct management. The plan would be to move Westside to Frayser Community Schools, a Memphis-based charter network that already operates two ASD schools.

12. Downtown Office Tower Reclaimed at Auction; Lafayette's to Expand -

100 N. Main St.

Memphis, TN 38103

Sale Amount: $1 million

Sale Date: Jan. 11, 2018

Buyer: THM Memphis Acquisitions

13. Downtown Office Tower Reclaimed at Auction; Lafayette's to Expand -

100 N. Main St.

Memphis, TN 38103

Sale Amount: $1 million

Sale Date: Jan. 11, 2018

Buyer: THM Memphis Acquisitions

14. 100 North Main Building Reclaimed at Auction; Lafayette’s Expanding -

100 N. Main St.

Memphis, TN 38103

Sale Amount: $1 million

Sale Date: Jan. 11, 2018

Buyer: THM Memphis Acquisitions

15. Lender Reclaims City’s Tallest Building, Lafayette’s Expanding -

100 N. Main St., Memphis, TN 38103 - THM Memphis Acquisitions LLC effectively bought the 100 North Main Building, a 37-story office tower, at a foreclosure auction on the courthouse steps after the property failed to receive any bids. A substitute trustee’s deed for the $1 million transaction was recorded with the Register’s Office Thursday, Jan. 11.

16. Lender Reclaims 100 North Main at Auction -

More than a year after Memphis’ tallest building went into foreclosure, 100 North Main has been reclaimed by the lender. THM Memphis Acquisitions LLC effectively bought the 37-story office tower at a foreclosure auction on the courthouse steps after the property failed to receive any bids.

17. Orpheum CEO Batterson Honored For Excellence in Performing Arts -

Brett Batterson, president and CEO of the Orpheum Theatre Group, has been named the North American Performing Arts Managers and Agents’ 2017 Presenter of the Year. The award honors individuals in the performing arts field for their excellence in exemplifying mentoring; setting an example of best practices, achievement and leadership in their discipline; and cultivating diversity, practicing inclusion, and creating equity for underserved members of the community.

18. Lender Reclaims 100 North Main at Auction -

More than a year after Memphis’ tallest building went into foreclosure, 100 North Main has been reclaimed by the lender.

THM Memphis Acquisitions LLC effectively bought the 37-story office tower at a foreclosure auction on the courthouse steps after the property failed to receive any bids. A substitute trustee’s deed for the $1 million transaction was recorded with the Register’s Office Thursday, Jan. 11.

19. Mayor Says Memphis 'Will Be Prepared' for Statue Protests -

If opponents of the removal of the city’s two most visible Civil War monuments follow through on plans for a Memphis protest Jan. 6, Mayor Jim Strickland said city government will be ready.

20. Off to a Great Start -

When Megan Smith, the former U.S. chief technology officer under the Obama administration, praised Memphis’ startup community during an interview last summer on Bloomberg TV, it was a high-profile example of the ongoing coming-of-age of the ecosystem here.

21. Moore Named Executive Director of Explore Bike Share -

Trey Moore has been named executive director of Explore Bike Share, the Memphis nonprofit that is preparing to launch a local bike-share system with 600 bicycles and 60 stations. Moore, who is returning to Memphis from Atlanta, Georgia, will lead Explore Bike Share’s staff in operations, fund development and community engagement activities in partnership with the organization’s board of directors.
As executive director, he also is committed to bicycling as a sustainable transportation option with access to as many Memphians as possible, and will help promote a bike-friendly culture in Memphis while encouraging exercise and healthy lifestyles.

22. Gibson Guitar Factory Property Fetches $14.4M, New Midtown Tiki Bar Opening Soon -

145 Lt. George W Lee Ave.

Memphis, TN 38103

Sale Amount: $14.4 million

Sale Date: Dec. 27, 2017

Buyer: Somera Road Inc., Tricera Capital

23. Beale’s Question Mark -

For all of the change in the Memphis landscape announced in 2017 – including the Memphis Brooks Museum of Art’s decision to move to the riverfront and plans for several “gateway” developments around the city – Beale Street was in a holding pattern for most of the year.

24. Attorney Wooten Joins Evans Petree as Shareholder -

Attorney William Allen Wooten has joined Evans Petree PC as a shareholder, working in the firm’s Memphis office as well as its new location at the current Wooten Law Firm in Covington, Tennessee.

25. Nonprofit Leader: Removal of 2 Memphis Confederate Monuments 'Only the Beginning' -

The morning after the city’s two best-known Confederate memorials came down in a pair of city parks, the attorney and Shelby County commissioner who leads the private nonprofit to whom the city sold the parks said the organization has plans to “liberate” other parks.

26. Black Theater Museum Plan Gets Good Reviews at City Hall -

For about five months, Hattiloo Theatre founder Ekundayo Bandele had been working on the idea he proposed Tuesday, Dec. 19, to establish the National Black Theater Museum inside the Memphis Brooks Museum of Art building in Overton Park.

27. Sedgwick Acquiring London-Based Claims Firm -

Memphis-based Sedgwick Claims Management Services Inc. has made an acquisition that expands the company’s international footprint.

28. Sedgwick Acquiring London-Based Claims Firm -

Memphis-based Sedgwick Claims Management Services Inc. has made an acquisition that expands the company’s international footprint.

29. Last Word: Bredesen Runs, Germantown Moratorium, Monsanto Fights Dicamba Ban -

The big reveal at the Greater Memphis Chamber’s annual luncheon Wednesday, at least for me – Dale Watson lives in Memphis now. The Americana musician, producer and author was among the performers at the Peabody and he had a bit of trouble getting the group of 700 business and political leaders to sing along with the refrain of one of his most popular tunes – “I Lie When I Drink and I Drink A Lot" -- with at least a dozen video cameras panning the room. But he continued on without audience participation. Other entertainment highlights featured Memphis Mayor Jim Strickland as the voice of Amazon’s Alexa.

30. Sedgwick to Acquire London-Based Claims Management Firm -

Memphis-based Sedgwick Claims Management Services Inc. has made an acquisition that expands the company’s international footprint.

31. Sedgwick to Acquire London-Based Claims Management Firm -

Memphis-based Sedgwick Claims Management Services Inc. has made an acquisition that expands the company’s international footprint.

32. Blankenship Named President Of Coldwell Banker Collins Maury -

Sean Blankenship has joined Coldwell Banker Collins Maury as president, coming to the Collierville-based full-service real estate firm after serving as chief marketing officer for Coldwell Banker Real Estate LLC. In his new role, Blankenship will focus on growing the company’s presence in the greater Memphis and northern Mississippi markets.

33. Chamber Announces 2018 '10 to Watch' -

Every year, the Greater Memphis Chamber honors 10 of its member companies and organizations they believe are on track for a great upcoming calendar year.

This year’s companies to watch are A+ Parking, AllWorld Project Management, Christ Community Health Services, H Saga International/Port Alliance, Morris Marketing Group, Nickey Warehouses, Nucor Steel, The Memphis Redbirds, The Seam and Tri-State Bank.

34. Chamber Announces 2018 ‘10 to Watch’ -

Every year, the Greater Memphis Chamber honors 10 of its member companies and organizations they believe are on track for a great upcoming calendar year.

This year’s companies to watch are A+ Parking, AllWorld Project Management, Christ Community Health Services, H Saga International/Port Alliance, Morris Marketing Group, Nickey Warehouses, Nucor Steel, The Memphis Redbirds, The Seam and Tri-State Bank.

35. Sawyer, Goff Kick Off Commission Campaigns -

Tami Sawyer and Sam Goff may be seeing each other on the August county general election ballot. But between now and May, they have separate primary races for the District 7 seat on the Shelby County Commission.

36. Human-Trafficking Group Gets First Leader -

Not long after starting her new job Oct. 1 as the first executive director of Thistle & Bee, a social enterprise focused on helping women who’ve survived sex trafficking and prostitution, Jordan Boss was allowed to ride along one night with a Memphis Police Department detective.

37. Lenox Park Buildings Sell for $5.3 Million -

This week's Real Estate Recap features the sale of two Class A office buildings totaling more than 200,000 square feet; a residential development being planned near a proposed new elementary school in Germantown; and more.

38. Hall Joins Arc Mid-South As a Case Manager -

De’Borah Hall recently joined The Arc Mid-South as a case manager, bringing with her nearly 15 years of experience in human resources. In her new role, Hall visits The Arc’s clients, who have intellectual and developmental disabilities, in their homes to determine if the organization’s direct support professionals are providing appropriate services, such as bathing, feeding and light housekeeping. The visits also help her evaluate staff members and determine if additional training or disciplinary measures are needed.

39. Chamber Chairman’s Circle Expands Leadership -

As the Greater Memphis Chamber’s Chairman’s Circle continues to grow, its founding members have decided to restructure its leadership.

Original co-chairs Gary Shorb, Richard Smith, Calvin Anderson, Carolyn Hardy, Spence Wilson Jr., Duncan Williams, Leigh Shockey and Jason Hood voted to install a new leadership structure that will include addition of a chairman, vice chairman and new co-chairs.

40. CBU Finds Crosstown Concourse Right Fit for Graduate Program, More -

Christian Brothers University already had a relatively new Healthcare Master of Business Administration program. Leasing 4,000 square feet of space at Crosstown Concourse, which opened in August, provided an opportunity to merge the two and also feed into the school’s larger goal.

41. Chamber Chairman’s Circle Expands Leadership -

As the Greater Memphis Chamber’s Chairman’s Circle continues to grow, its founding members have decided to restructure its leadership.

Original co-chairs Gary Shorb, Richard Smith, Calvin Anderson, Carolyn Hardy, Spence Wilson Jr., Duncan Williams, Leigh Shockey and Jason Hood voted to install a new leadership structure that will include addition of a chairman, vice chairman and new co-chairs.

42. Cannon Center Promotes Hirt To Event Services Coordinator -

Jasmine Hirt has been promoted to marketing and event services coordinator for the Cannon Center for the Performing Arts less than a year after joining the venue’s staff as marketing and event services assistant. In her new role, Hirt is responsible for advancing, managing and coordinating marketing efforts for ticketed events at the 2,100-seat venue, which is managed by Memphis Management Group.

43. Shelby Farms Draws $142 Million, 71-Acre Development -

Elmington Capital Group has submitted plans for a 71-acre senior housing, apartment and single-family development next to Shelby Farms Park. Dwell at Shelby Farms is a new $142 million development to be located on the north side of Raleigh-LaGrange Road near the intersections of Trinity and Fischer Steel roads.

44. First Tennessee’s Walker Leading Push To Infuse Diversity Throughout Bank -

Memphis-based First Tennessee Bank is already the biggest bank in the state and award-winning for its work atmosphere. But the company isn’t resting on its laurels, instead forging ahead with unique strategies to better reflect the communities it is serving through a top-down, baked-in approach to ensuring diversity at every level of the organization.

45. Non-Bank Lenders See Business Rise Among Shelby County Homebuyers -

One byproduct of the steady upward climb in volume generated by Shelby County’s mortgage market over the past year or two is that banks – traditional brick-and-mortar institutions, that is – haven’t been the only beneficiary of the consumer demand behind that trend.

46. Shelby Farms Draws New 71-Acre, $142M Development -

In a joint venture with Charles Crews of Crews Investment Holdings, Nashville-based Elmington Capital Group has submitted plans to the Office of Planning and Development for a 71-acre senior housing, apartment and single-family development next to Shelby Farms Park.

47. Sports Complex Remains Driver of Fairgrounds Redevelopment Plan -

Parts of the city’s tentative plan for redevelopment of the Mid-South Fairgrounds may still come and go and the cost estimates could vary. But Memphis Mayor Jim Strickland’s administration made it clear at a Monday, Nov. 6, public meeting to unveil the most specific plan yet that a youth sports tournament complex is the anchor and driver of the financing for a redevelopment covering 175 acres.

48. Folk’s Folly’s Kauker Named Tenn. Restaurant Manager of Year -

Folk’s Folly Prime Steak House general manager Diane Kauker has won the Tennessee Hospitality & Tourism Association’s 2017 Restaurant Manager of the Year Award, which honors a manager who has demonstrated exceptional leadership, service, and community and civic involvement. The judges noted Kauker’s outstanding performance beyond her normal job duties, including providing excellent service to Folk’s Folly guests and the greater community.

49. City's Tentative Fairgrounds Plan Confirms Separating Coliseum from Youth Sports -

Memphis Mayor Jim Strickland’s tentative plan for the redevelopment of the Mid-South Fairgrounds, presented Monday, Nov. 6, included a renovation of old Melrose High School in neighboring Orange Mound and a confirmation that the city administration doesn’t think the Mid-South Coliseum should be part of a youth sports tournament complex.

50. Iconic E. Memphis Office Building Sells for $19.7M -

Nashville-based Magnolia Capital Investments has purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investors, Faropoint Ventures. Faropoint intends to reinvest proceeds from the sale to buy other Memphis properties.

51. Exeter Closes on Fifth Major Purchase in October -

Pennsylvania-based real estate investment management firm Exeter Property Group made its fifth significant local investment within a month with the $13.8 million purchase of a 400,000-square-foot industrial property in southeast Memphis.

52. Trustmark Centre Sells for Nearly $20M -

An iconic East Memphis office building has switched hands for $19.7 million.

Nashville-based Magnolia Capital Investments has purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investment group Faropoint Investments.

53. Exeter Closes on Fifth Major Purchase in October -

Pennsylvania-based real estate investment management firm Exeter Property Group made its fifth significant local investment within a month with the $13.8 million purchase of a 400,000-square-foot industrial property in southeast Memphis.

54. Goodin Joins Hagwood Adelman As Memphis Managing Attorney -

Michael T. Goodin has joined Hagwood Adelman Tipton PC as managing attorney of the Memphis office. In that role, he provides legal services to HAT’s clients in matters such as medical malpractice and senior housing litigation for health care providers along the continuum of care, including skilled nursing, assisted living, behavioral health, home health and hospice litigation. In addition, he assists in supervising the attorney and paraprofessional teams.

55. Gibson Plans to Sell Downtown Factory, Build a New One -

145 Lt. George W. Lee Ave., Memphis, TN 38103: Nashville-based guitar maker Gibson Brands Inc. confirmed Friday, Oct. 20, it is putting its Downtown Memphis factory on the market and plans to build and lease a new facility nearby.

56. Pennsylvania Investor Buys More Memphis Property -

Exeter Property Group has made its second significant splash in the Memphis market with the combined $34.5 million acquisition of two industrial properties.

In the first purchase, Exeter Property Group, doing business as Exeter 4755 Southpoint LLC, purchased a 700,000-square-foot Class A warehouse located at 4755 Southpoint Drive from New York-based Treeview Real Estate Advisors LP for $17.3 million.

57. Construction Continues On Hickman Building -

Walk Off Properties, the new owners of the historic Hickman Building at 240 Madison Ave. in Downtown Memphis, are continuing their renovation of the property.

58. Construction Continues On Hickman Building -

Walk Off Properties, the new owners of the historic Hickman Building at 240 Madison Ave. in Downtown Memphis, are continuing their renovation of the property.

59. ALCO Management Earns Top 25 Employer Award -

ALCO Management Inc. has been named by Multifamily Leadership for 2018 as one of the top 25 Best Places to Work Multifamily.

60. Consortium Seeks Breast Cancer Policy Reforms -

Two-time breast cancer survivor Dr. Debra Bartelli and members of the Memphis Breast Cancer Consortium are pushing to increase awareness of breast cancer in Memphis because they know first-hand that early detection and treatment will lead to higher survival rates.

61. Pennsylvania Investment Group Makes $34.5M Splash -

Exeter Property Group as make its second significant splash in the Memphis market with the combined $34.5 million acquisition of two industrial properties.

In the first purchase, Exeter Property Group, doing business as Exeter 4755 Southpoint LLC, purchased a 700,000-square-foot Class A warehouse located at 4755 Southpoint Drive from New York-based Treeview Real Estate Advisors LP for $17.3 million.

62. 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.

63. Shelby County to Overhaul Criminal Justice Center -

201 Poplar Ave.
Memphis, TN 38103

Permit Amount: $17 million

Application Date: October 2017

64. Apartment Community Sells for $50 Million -

One of Memphis’ largest apartment communities, the 1,002-unit Madison Cypress Lakes Apartments, has sold for $47.8 million, or $47,704 per unit.

Rockville, Maryland-based CAPREIT, working as Tilden Fundamental Cypress Lakes Apartments LLC, bought the East Memphis property Friday, Oct. 6, from Water Grove Investors LLC, an affiliate of Philadelphia-based Madison Apartment Group LP.

65. Memphis Law School Wellness Program Defending Work-Life Balance -

It’s not that Richard Vaughan wasn’t busy before, because he was. He carried a full load as an undergrad at the University of South Carolina and also was a cheerleader there.

66. Steele Joins Southern Growth Studio’s Anthropology Team -

April Steele has joined Southern Growth Studio as a business anthropologist, responsible for collecting and analyzing data to evaluate existing and potential products and services. Steele’s hire comes as the Memphis-based innovation consulting firm grows its applied anthropology practice. Using qualitative social research methods like ethnography, the anthropology team steers the innovation process, conducting primary research to distill and communicate key insights to clients.

67. Investor Buys Quince Road Apartments for $47.8 Million -

One of Memphis’ largest apartment communities, the 1,002-unit Madison Cypress Lakes Apartments, has sold for $47.8 million, or $47,704 per unit.

Rockville, Maryland-based CAPREIT, working as Tilden Fundamental Cypress Lakes Apartments LLC, bought the East Memphis property Friday, Oct. 6, from Water Grove Investors LLC, an affiliate of Philadelphia-based Madison Apartment Group LP.

68. Outdoors Retailer REI Plans First Memphis Store -

In this week's Real Estate Recap, outdoors retailer REI eyes Ridgeway Trace for its first local store, Hilton Worldwide prepares to upgrade its Memphis campus, and several proposed Midtown projects seek financial incentives.

69. Prologis Sells Two Industrial Buildings for $23.8M -

San Fransisco-based Prologis Inc. has sold two parcels of its Memphis portfolio for a combined $23.8 million.

70. Outdoors Retailer REI Planning First Memphis Store -

5895 Poplar Ave.
Memphis, TN 38119

Permit Amount: $900,000

Owner: Weingarten Realty

Tenant: REI

Details: Seattle, Washington-based sporting and camping goods retailer REI has filed a $900,000 building permit application for tenant improvement in the former Sports Authority building at 5895 Poplar Ave. in the Ridgeway Trace shopping center.

71. Wright Investments To Buy Up to $400M in Hotels -

Wright Investments, a Memphis-based hotel management, investment and project management company, is planning to acquire up to $400 million in hotel properties over the next two to three years by investing the firm’s newly raised Hospitality Opportunity Fund II.

72. Memphis-Based Buckman Buys CiDRA Chemical -

Memphis-based Buckman has acquired CiDRA Chemical Management Inc. of Wallingford, Connecticut, Buckman announced Tuesday, Oct. 3. Terms of the deal were not announced.

73. Events -

Living Beyond Breast Cancer will host its “Sharing Wisdom, Sharing Strength” national conference Friday through Sunday, Oct. 6-8, at The Peabody hotel, 149 Union Ave. The conference, held in partnership with the Memphis Breast Cancer Consortium and the Common Table Health Alliance, will convene national experts, survivors and caregivers for a weekend of information, yoga and support. Limited walk-up registrations available. Visit lbbc.org for details.

74. CBRE Chosen To Lease Southwind Office Center -

Group RMC Corp., the new owners of Southwind Office Center, have tapped CBRE’s Ron Kastner and Patrick Reilly to handle leasing services for the recently acquired asset.

75. Events -

Living Beyond Breast Cancer will host its “Sharing Wisdom, Sharing Strength” national conference Friday through Sunday, Oct. 6-8, at The Peabody hotel, 149 Union Ave. The conference, held in partnership with the Memphis Breast Cancer Consortium and the Common Table Health Alliance, will convene national experts, survivors and caregivers for a weekend of information, yoga and support. Limited walk-up registrations available. Visit lbbc.org for details.

76. CBRE to Handle Leasing for Southwind Office Center -

Group RMC Corp., the new owners of Southwind Office Center, have tapped CBRE’s Ron Kastner and Patrick Reilly to handle leasing services for the recently acquired asset.

77. Buckman Acquires CiDRA Chemical -

Memphis-based Buckman has acquired CiDRA Chemical Management Inc. of Wallingford, Connecticut, Buckman announced Tuesday, Oct. 3. Terms of the deal were not announced.

78. Hotel Management Co. to Buy Up to $400M in Properties -

Wright Investments, a Memphis-based hotel management, investment and project management company, is planning to acquire up to $400 million in hotel properties over the next two to three years by investing the firm’s newly raised Hospitality Opportunity Fund II.

79. IDI Planning Huge Facility Near Airport -

Atlanta-based developer IDI Gazeley appears to be planning a large-scale commercial warehouse less than two miles from the Memphis International Airport.

Located at 3292 Holmes Road, near the intersection of Holmes and Tchulahoma roads, IDI has already began moving dirt on the 139-acre site to prepare for a new commercial warehouse facility. The property is currently being marketed by Scott Pahlow with the commercial real estate advisory firm Newmark Knight Frank.

80. Lenoir Starts Bid for County Mayor with Mix of Optimism and Challenge -

Shelby County Trustee David Lenoir’s campaign for Shelby County mayor will talk about the economic resurgence in Memphis and Shelby County as a challenge to address longstanding problems.

And as Lenoir formally launched the long-anticipated bid Thursday, Sept. 28, in East Memphis, he touted his business experience and background as well as his two terms as county trustee.

81. Taylor Joins JA As VP of Development -

Latoria Taylor has been named vice president of development for Junior Achievement of Memphis and the Mid-South. She oversees all fundraising and marketing efforts for the nonprofit, which is dedicated to teaching children “how business works” and inspiring them to own their economic success.

82. GPAC Planning New Open-Air Venue -

1801 Exeter Road, Germantown, TN 38138

Owner: Germantown Performing Arts Center

83. Overton Square Hotel Awarded Tax Incentives -

The developers of a $24 million Overton Square hotel and a Canadian elevator company looking to build its first U.S. facility in Memphis have been awarded tax incentives to move ahead with their projects.

84. Overton Square Hotel Approved for Tax Incentives -

The Economic Development Growth Engine board has approved Loeb Properties' request for a 15-year tax abatement to build a 100-room boutique hotel near Overton Square.

Despite some concerns from the EDGE board over the definition of blighted property, Loeb Properties and its partners, boutique hotel developer LRC2 Properties and hospitality management company MMI Hotel Group, were approved for the payment-in-lieu-of-taxes incentive Wednesday, Sept. 20, to help offset the construction costs of the $24 million hotel.

85. Are Achievement Schools a Problem or the Solution? -

Forgiveness or farewell: What should be the fate of the Achievement School District?

Among Memphis legislators, it just depends.

State Rep. Mark White calls the task to pull Shelby County’s poorest performing schools out of the state’s bottom 5 percent a “heavy lift.”

86. City’s Ire Raised By Stadium Droughts -

For most of the ongoing discussion about a reconfiguration of the Fairgrounds, the Liberty Bowl has been a part of the background. Much of the attention has been on what to do with the Mid-South Coliseum and what new uses or buildings will do to existing parking.

87. Germantown Medical Office Sells for $16M -

1325 Wolf Park Drive, Germantown, TN 38138

Sale Amount: $15.9 million

Buyer: Global Medical REIT

88. Loeb Properties Planning $24M Overton Square Hotel -

Loeb Properties wants to build on the revival of Overton Square by adding a $24 million, 100-room hotel in the district.

The Memphis-based company and its partners – boutique hotel developer LRC2 Properties and hospitality management company MMI Hotel Group – are seeking a 15-year tax abatement to construct a 100-room boutique hotel at the southwest corner of Cooper Street and Trimble Place, south of Madison Avenue in Midtown Memphis.

89. Southeast Shelby County Apartments Sell for $56M -

Preserve at Forest Creek, a sprawling southeast Shelby County apartment complex, has switched hands for more than $56 million.

In the deal, Blackstone, a New York City investment firm doing business as BRE Piper MF Forest Creek TN, sold the roughly 36-acre property to Columbus, Ohio-based investment management firm Coastal Ridge Real Estate doing business as PFC Memphis Borrowers for $56.6 million, according to a warranty deed filed on Sept. 14 with the Shelby County Register of Deeds.

90. Memphis Industrial Center Sells for $3.7 Million -

Boston-based real estate investment firm Plymouth Industrial REIT has expanded its local portfolio with the acquisition of a 132,000-square-foot industrial center in southeast Memphis.

In the deal, Plymouth purchased the property from Huntington Industrial Partners for $3.7 million.

91. Wunderlich Preparing Downtown Space for HQ Move -

By this time next year, Memphis-based investment firm Wunderlich Securities Inc. will have a prominent new headquarters space Downtown,

92. Waddell & Associates Platform Looks to Turn Millennials Into Investors -

Andrew Lichliter had a few thousand dollars in a retirement account, but wanted to change that to a different type of investment.

The problem, though, was that his $5,500 wasn’t nearly enough to open a typical investment account at most firms, some of which require hundreds of thousands of dollars just to start.

93. SE Memphis Industrial Center Sells for $3.7 Million -

Boston-based real estate investment firm Plymouth Industrial REIT has expanded its local portfolio with the acquisition of a 132,000-square-foot industrial center in southeast Memphis.

In the deal, Plymouth purchased the property from Huntington Industrial Partners for $3.7 million.

94. Opioid Committee on Right Track, Obstacles Remain -

Smyrna Police Chief Kevin Arnold can remember the first time his detectives brought a heroin case to him three or four years ago.

“Of course, my reaction immediately was, ‘I thought that went away in the late 70s.’ But we’re seeing it. In fact, we are averaging approximately five heroin overdoses a month just in the town of Smyrna,” adds Arnold, whose city about 10 miles southeast of Nashville has a population of nearly 48,600.

95. Plymouth REIT Expands Memphis Portfolio -

Boston-based real estate investment firm Plymouth Industrial REIT has expanded its local portfolio with the acquisition of a 132,000-square-foot industrial center in southeast Memphis.

In the deal, Plymouth purchased the property from Huntington Industrial Partners for $3.7 million.

96. MMDC Hires Mitchell to Lead Community Development -

Memphis native Vonesha Mitchell has joined the Memphis Medical District Collaborative as program manager, community development. Mitchell’s new position rolls together several functions, including recruiting retail for vacant and underutilized storefronts, working with U3 Advisors to launch and administer the Hire Local program, developing assistance package and incentive programs, and engaging current and potential businesses in the district to understand opportunities and concerns.

97. Baptist Opens Specialty Pharmacy -

Baptist Memorial Health Care has opened the first specialty pharmacy in the system, a place that the hospital’s leadership says is especially well-suited to care for the medication needs of patients dealing with chronic health conditions.

98. Commission Votes Down Health Coverage Change -

Shelby County Commissioners voted down a switch Monday, Aug, 28, of the county’s health insurance administration contract from Cigna to an $11 million, two-year contract with two one-year renewal options with Aetna.

99. County Commission Votes Down Health Coverage Change -

Shelby County Commissioners voted down a switch Monday, Aug, 28, of the county’s health insurance administration contract from Cigna to Aetna in an $11 million two-year contract with two renewals of one year each.

100. Artist Cat Peña Named Director Of CBU’s Ross Gallery -

Cat Peña, a Memphis-based artist, arts administrator and independent public art consultant, has been named director of the Beverly & Sam Ross Gallery at Christian Brothers University. As an artist, Peña’s work in recent years has centered on public art installations, including “There’s More To Be Proud Of,” a canopy of metallic streamers on display in the Edge District through next February. In addition, she is the founder of Collabortory, a creative platform that expands public art practices through collaborative and social practices.