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Editorial Results (free)

1. MRG, Thomas & Betts Receive Tax Incentives -

Makowsky Ringel Greenberg and Thomas & Betts were both awarded tax incentives to advance their respective projects by the Economic Development Growth Engine for Memphis and Shelby County on Wednesday, July 19.

2. Madison @ McLean Project Awarded 14-Year Tax Abatement -

Local multifamily development group Makowsky Ringel Greenberg has been awarded a 14-year tax abatement to construct a 132,477-square-foot, 108-unit apartment complex in Midtown Memphis.

Named Madison @ McLean after the eponymous Midtown intersection it will reside on, the $14 million project is the first ever recipient of a Residential PILOT (payment-in-lieu-of-taxes), incentive, which was created earlier this year by the Economic Development Growth Engine for Memphis and Shelby County.

3. Atlanta Retail Investor Makes $29M Purchase -

In this week’s Real Estate Recap, an 18-acre shopping center in the heart of Bartlett sells for $28.8 million, Ulta Beauty prepares to build out its space in Poplar Commons, and Dave & Buster’s continues work on its first Memphis location...

4. Events -

Talk Shoppe will meet Wednesday, July 19, from 9 a.m. to 10 a.m. in NovaCopy’s conference room, 7251 Appling Farms Parkway. Attorney Wis Laughlin will present “Learn About Owning an Airbnb – Including Important Tax Information.” Cost is free. Visit talkshoppe.com.

5. Events -

Nick Black will perform as part of Stax Museum’s Live in Studio A summer concert series Tuesday, July 18, from 2 p.m. to 4 p.m. at 926 E. McLemore Ave. The concert is free for Shelby County residents (who get free museum admission with ID on Tuesday afternoons), and free with paid admission for out-of-towners. Visit staxmuseum.com.

6. Malco Pulls Additional Building Permit for Downtown Theater -

Malco Theatres’ Downtown movie theater continues to take shape, with the Memphis-based cinema chain seeking its second multimillion-dollar building permit for the project in recent months.


45 E. G.E. Patterson Ave.
Memphis, TN 38103
Permit Amount: $5 million

7. Malco Pulls Additional Building Permit for Downtown Theater -

45 E. G.E. Patterson Ave.

Memphis, TN 38103

Permit Amount: $5 million

Project Cost: $55 million

Application Date: July 2017

Owner: Henry Turley Co. and Community Capital

8. Hernando Ice Cream Parlor Preparing Crosstown Location -

1350 Concourse Ave.

Memphis, TN 38104

Permit Amount: $80,000

Application Date: June 2017

9. Jerry’s Sno Cones Files Permit for Cordova Shop -

In this week’s Real Estate Recap, one of the most iconic dessert spots in Memphis gets ready to expand, Crosstown Concourse is getting ready for its official grand opening and FedEx Ground upgrades its diesel facility...

10. Medical District Apartments Sell for $5.2 Million -

A medical district apartment switches hands in a multimillion-dollar deal, a Downtown developer plans an apartment complex near FedExForum, and a California investor buys a local industrial portfolio. Details in this week’s Real Estate Recap...

11. Collierville Retail Building Sells for $2.5 Million -

A Collierville retail center at 1204 W. Poplar Ave. has sold for $2.5 million.

Bryan Evans with NAI Saig Co. represented the buyer, TH Magnolia Sands, in the purchase of the 7,562-square-foot building. Patt Bullock with Gill Properties represented the seller, Gill Retail GP.

12. Collierville Retail Building Sells for $2.5 Million -

A Collierville retail center at 1204 W. Poplar Ave. has sold for $2.5 million.

Bryan Evans with NAI Saig Co. represented the buyer, TH Magnolia Sands, in the purchase of the 7,562-square-foot building. Patt Bullock with Gill Properties represented the seller, Gill Retail GP.

13. Clark Tower Wraps Up $8 Million Renovation -

Commercial real estate firm Colliers International has announced the owner of Clark Tower, In-Rel Properties, has finished an $8 million renovation of the iconic East Memphis office building. Details on that and other top deals in this week's Real Estate Recap...

14. MRG Reshapes Overton Gateway Plan, Residents Still Not Happy -

A revised multifamily development planned by Makowsky Ringel Greenberg LLC that reduces the number of apartment units and adds amenities that would better connect the project with the neighborhood still didn’t get positive reviews from residents.

15. Council to Consider Plans, Raises, ‘Basics’ in Strickland's Budget -

In his second budget presentation as Memphis mayor Tuesday, April 24, expect Jim Strickland to continue to talk about city government being “brilliant at the basics.”

16. East Memphis Office Sells for $17 Million -

6055 Primacy Pkwy.
Memphis, TN 38119

Sale Amount: $17 million 

Sale Date: April 11, 2017

17. Events -

Shelby County Real Estate Road Show, co-sponsored by Shelby County Trustee David Lenoir and Chandler Reports, will be held Monday, April 17, from 5:30 p.m. to 6:30 p.m. at Memphis Botanic Garden, 750 Cherry Road. Learn about the county’s tax sale process and anti-blight initiative, as well as how to bid on commercial, industrial and residential properties through the Civic Source online system. Cost is free. Register at rersmemphis42017.eventbrite.com or email kwhitaker@shelbycountytrustee.com.

18. Events -

The Dunavant Public Servant Awards luncheon, co-sponsored by The Rotary Club of Memphis East and The Daily News, will be held Tuesday, April 18, from 11:30 a.m. to 1 p.m. at the Hilton Memphis, 939 Ridge Lake Blvd. Awards will be presented to Collierville Mayor Stan Joyner and Memphis Public Library & Information Center director Keenon McCloy, and U.S. Sen. Bob Corker will give the keynote. Tickets are $50. Call 901-754-1615 or email lmhughes@costconsulting.net.

19. Events -

SRVS Kids & Families will host the 21st annual 5K Bunny Run and 1-mile Family Fun Run/Walk on Saturday, April 15, at 9 a.m. at Independent Presbyterian Church, 4738 Walnut Grove Road. Registration begins at 7:30 a.m. The event includes a visit by the Easter bunny, egg hunt, music, food trucks and more. Visit bunnyrun.racesonline.com for registration fees and information.

20. East Memphis Office Sells for $17M -

Primacy II, a 123,265-square-foot East Memphis office building, has a new owner thanks to a huge $17 million deal.

Nashville-based Priam Capital purchased the office building located at 6055 Primacy Parkway near the intersection Ridgway Road and Park Avenue from The Southland Companies for $16.6 million, according to a warranty deed filed with the Shelby County Register of Deeds April 11.

21. Shops of Wolflake Near Wolfchase Sells for $4.8M -

2965 N. Germantown Parkway
Bartlett, TN 38133 

Sale Amount: $5 million

Sale Date: March 31

Buyer: WFL Retail LLC

22. Last Word: The Overton Park Split, Democrats Help The Gas Tax Bill and LaVar Ball -

The city's tallest building, the fenced-off, derelict, 38-story 100 N. Main Building, cited in the past by fire officials for code violations including fire alarms that don't work -- had a small fire Wednesday 34 floors up.

23. Wolfchase At 20 -

For the shopping mall – that quintessential staple of American retail, the biggest of big boxes, a sprawling, multilevel marvel of commercial magnificence – these are most certainly interesting times.

24. Hickory Hill Home Depot Site Sells for $15 Million -

3469 Riverdale Road
Memphis, TN 38115 

Sale Amount: $15.7 million

Sale Date: March 3, 2017

Buyer: Spirit Realty Capital

25. Luxury Apartments Begin $17 Million Expansion -

3333 Hacks Cross Road, Memphis, TN 38125: Fieldstone Apartment Homes, a gated community in southeast Memphis, is in the process of another massive expansion.

Permit Amount: $9.7 million (combined)

26. Archived Article -

3333 Hacks Cross Road

Memphis, TN 38125

Permit Amount: $9.7 million (combined)

Project Cost: $17 million

27. Events -

Talk Shoppe will meet Wednesday, Feb. 8, from 9 a.m. to 10 a.m. in NovaCopy’s conference room, 7251 Appling Farms Parkway. Leadership development coach Shelley Baur will present “Creating Honest Conversations to Build Better Relationships.” Cost is free. Visit talkshoppe.com.

28. Events -

The second We Mean Business Symposium, hosted by the City of Memphis Office of Business Diversity and Compliance, will be held Wednesday, Feb. 8, from 8 a.m. to 3:30 p.m. at the Tower Center at Clark Tower, 5100 Poplar Ave., 33rd floor. The primary focus is to share upcoming city bid opportunities for small and minority-owned businesses. Companies also will learn about the certification and registration process and how to leverage the city’s diversity programs. The first J.E. Walker Breaking Barriers Awards Luncheon will follow. Cost is free; RSVP required. Register at eventbrite.com.

29. Events -

NAWBO Memphis will present “Selling for Business Owners” Tuesday, Feb. 7, from 11:30 a.m. to 1 p.m. at Seasons 52, 6085 Poplar Ave. Shawn Karol Sandy, chief revenue officer of The Selling Agency, will share the three-point plan that builds your own selling program and positions your company in front of your ideal customers. Register at nawbomemphis.org.

30. Temple Israel Expanding Into Crosstown Concourse -

495 N Watkins St.
Memphis, TN 38104

Tenant: Temple Israel

Details: In a letter that went out to its congregation over the weekend, Temple Israel announced plans to expand into the Crosstown Concourse this summer.
Officials said the new Crosstown campus won’t be a second synagogue, but will instead enhance the Temple’s community outreach programs.
“We believe that Temple will thrive in Crosstown and that you, the members, will be truly amazed by the collaboration in the years ahead,” Temple Israel president Elkan Scheidt said in the email. “Crosstown’s creativity, innovation, and social-action focus aligns seamlessly with Temple and Reform Judaism’s inclusive philosophy.”
Temple Israel formed a preliminary Crosstown committee, which included Cara Greenstein, Alex Shindler, Daniel Kiel, Meggan Kiel, Bruce Landau, Susanne Landau, Joanna Lipman, Josh Lipman, Liz Rudnick and Elton Parker to discuss the move before deciding to sign a lease for a 1,200-square-foot “Midtown Living Room” in the Concourse.
“By offering countless programming and Tikkun Olam opportunities, Temple Israel Crosstown will bring the celebrated Temple Israel spirit of 38120 to 38104,” the announcement went on to say. “It will also become a new member gateway for unaffiliated Downtown/Midtown Jews and newcomers to Memphis.”
“Tikkun Olam, Hebrew for “repairing this broken world,” expresses the fundamental Jewish idea that what we do to heal the hurt and help those who are suffering most – in our city and in this world – is what matters most to the one God who loves us all,” Rabbi Micah Greenstein, senior rabbi at Temple Israel, said.
The email outlined some of the programs Temple Israel could offer in Crosstown, such as partnerships with their Crosstown neighbors, lunch and learns, baby-and-me classes, Hebrew tutoring and Women of Reformed Judaism-Sisterhood knitting for the Manna House.
Temple Israel, which is located at 1376 E. Massey Road, was founded in 1854 as the first permanent Jewish house of worship in Tennessee and now serves 1,500 member families in the Memphis area. 

31. Parkway Village Burger King Sells for $1.8 Million -

Tennessee-based Desianna Properties has sold a 1.2-acre property in Parkway Village to Elba Inc. and Hillview Development LLC for $1.8 million, according to a warranty deed filed with the Shelby County Register of Deeds.

32. Dave & Buster’s to Open Cordova Location -

7930 Germantown Parkway
Memphis, TN 38133 

Landlord: Brixmor Property Group 

Tenant: Dave & Buster’s 

33. Dave & Buster’s Plans Memphis Debut -

The popular restaurant/sports bar/adult arcade Dave & Buster’s will join the likes of Ikea, Nordstrom Rack and Trader Joe’s on the list of popular franchises opening up their first locations in the Bluff City.

34. Dave & Buster's To Open In Cordova -

The popular restaurant/sports bar/adult arcade Dave & Buster’s will join the likes of Ikea, Nordstrom Rack and Trader Joe’s on the list of popular franchises opening up first-time locations in the Bluff City.

35. Nordstrom Rack Files $1.5M Permit for Memphis Store -

4572 Poplar Ave.

Memphis, TN 38117

Permit Amount: $1.5 million

Project Cost: $25.2 million

Application Date: December 2016

36. Germantown Park Offices Sell for Nearly $48 Million -

A large office park near the intersection of Germantown Parkway and Walnut Grove Road in Cordova has been sold for nearly $50 million.

New York-based DRA Advisors LLC, acting as DRA CRT Germantown Center LP, sold six parcels to Real Capital Solutions, acting as EAT-1615 LLC, for $47.8 million.

37. Germantown Park Offices Sell for Nearly $48 Million -

A large office park near the intersection of Germantown Parkway and Walnut Grove Road in Cordova has been sold for nearly $48 million.

New York-based DRA Advisors LLC, acting as DRA CRT Germantown Center LP, sold six parcels to Real Capital Solutions, acting as EAT-1615 LLC, for $47.8 million.

38. Midtown Retail Property Sells for $5 Million -

1625 Poplar Avenue

Memphis, TN 38104 

Sale Amount: $5 million

Sale Date: Dec. 21, 2016

39. Arrests, Metal Barriers, Lawsuits All Played Role in Greensward Parking Compromise -

Spring at City Hall is budget season and it can be stormy for a new mayor, not to mention a city council with six new members. But that wasn’t the case in 2016.

The real spring political storm was the Overton Park Greensward – specifically overflow parking from the Memphis Zoo on the greenspace south of the zoo.

40. Cordova’s Future LA Fitness Site Sells for $2.4M -

LA Fitness is one step closer to opening a Cordova location.

Insomnia Inc., the company owned by former topless-club operator Steve Cooper, sold two parcels near its former restaurant/nightclub on Fischer Steel Road to Orlando, Florida-based National Retail Properties Inc. for $2.4 million, according to a Dec. 20 warranty deed. The same day as the sale, Fitness International LLC, an affiliate of L.A. Fitness International LLC, signed a lease with National Retail Properties for the property.

41. Developer Buys Former Merle Norman Warehouse -

3670 S. Perkins Road

Memphis, TN 38118

Sale Amount: $1.3 million

Sale Date: December 2016

Buyer: Farnsworth Investment Co.

42. Trader Joe’s Developer Seeks $2.5M Permit -

2130 Exeter Road, Germantown, TN 38138 • Permit Amount: $2.5 million 

Future Tenant: Trader Joe’s 

Developer: CAP Germantown LLC

43. Two Hotel Projects Top Council Agenda -

Two Downtown hotels top a planning and development-heavy agenda for the Tuesday, Dec. 2, session of the Memphis City Council.

The council votes on a special use permit for a 68-room luxury hotel at 477 S. Main St., in a building that until recently had been a graduate school for the Memphis College of Art.

44. MAA Closes Merger With Post Properties -

Memphis-based real estate investment trust MAA has completed its $4 billion merger with rival Post Properties Inc., creating a combined company with an equity market capitalization of about $11 billion and overall market cap of $15 billion.

45. MAA Closes Merger With Post Properties -

Memphis-based real estate investment trust MAA has completed its $4 billion merger with rival Post Properties Inc., creating a combined company with an equity market capitalization of about $11 billion and overall market cap of $15 billion.

46. Gill Seeks $25 Million Permit For New MAA Headquarters -

6815 U.S. 72

Germantown, TN 38138

Permit Amount: $25 million

Future Tenant: MAA

47. Gill Seeks $25M Permit For Future MAA Headquarters -

The future home of Memphis-based MAA has taken another step forward.

Developer Gill Properties, working as Gill Poplar GP, has applied for a $25 million building permit for a five-story office building and five-story parking garage – two main components of the $90 million TraVure development in Germantown’s western gateway.

48. Gill Seeks $25M Permit for Future MAA Headquarters -

The future home of Memphis-based MAA has taken another step forward.

Developer Gill Properties, working as Gill Poplar GP, has applied for a $25 million building permit for a five-story office building and five-story parking garage – two main components of the $90 million TraVure development in Germantown’s western gateway.

49. Cordova Flex Development Sells for $6.3 Million -

The Horizon Business Center, a flex warehouse development on the north side of Interstate 40 near Wolfchase Galleria, has sold for $6.3 million.

Three limited liability companies affiliated with Louisville, Colorado-based Real Capital Solutions bought the 23,750-square-foot building at 2525 Horizon Lake Drive and the 41,300-square-foot building at 2565 Horizon Lake Drive from MM Industrial Memphis LLC in an Oct. 25 warranty deed.

50. Cordova Flex Development Sells for $6.3 Million -

The Horizon Business Center, a flex warehouse development on the north side of Interstate 40 near Wolfchase Galleria, has sold for $6.3 million.

Three limited liability companies affiliated with Louisville, Colorado-based Real Capital Solutions bought the 23,750-square-foot building at 2525 Horizon Lake Drive and the 41,300-square-foot building at 2565 Horizon Lake Drive from MM Industrial Memphis LLC in an Oct. 25 warranty deed. The seller had owned the properties since 2005.

51. Real Estate Awakening -

The year’s biggest office deal didn’t affect Memphis’ office absorption at all, but everyone in real estate has felt its reverberations.

When ServiceMaster Global Holdings announced its move to the shuttered Peabody Place Mall from Ridge Lake office park, it promised new life for a 328,000-square-foot black hole in Downtown’s retail market.

52. With MAA, TraVure Is Gateway To Germantown -

The developer of Germantown’s mixed-use TraVure project is anxious to start work on the development’s centerpiece, a five-story Class A office building that now has an anchor tenant for most of the space – the headquarters of Memphis-based MAA, or Mid-America Apartment Communities Inc.

53. Germantown PILOT for MAA Headquarters Move to TraVure Approved -

Memphis-based Mid-America Apartments LP has won approval from Germantown leaders of financial incentives for a new headquarters in the TraVure development in Germantown.

54. Germantown PILOT for MAA Headquarters Move to TraVure Approved -

Memphis-based Mid-America Apartments LP has won approval from Germantown leaders of financial incentives for a new headquarters in the TraVure development in Germantown.

55. Southeast Memphis Portfolio Sells for $23.6 Million -

Multiple Properties

Memphis, TN 38118

Sale Amount: $23.6 million

Sale Date: Sept. 27, 2016

56. Skilled Nursing Facility In Bartlett Sells for $13 Million -

1150 Dovecrest Road

Bartlett, TN 38134

Sale Amount: $13 million

Sale Date: Sept. 30, 2016

57. East Memphis Office Changes Hands for $2.4M -

An East Memphis office building has sold for $2.4 million to a local investment group.

BC Commercial Properties LLC, which is managed by Bridge Capital Asset Management LLC, purchased the office building at 1669 Kirby Parkway from Kirby Parkway Building Partnership in a Sept. 30 warranty deed.

58. Trampoline Park Coming To Trinity Commons -

A new retail tenant in Trinity Commons shopping center in Cordova could have some Memphians jumping for joy.

Loeb Properties Inc. announced it has leased 30,000 square feet at the center, 700 N. Germantown Parkway, to national trampoline park chain Urban Air Trampoline & Adventure Park.

59. Trampoline Park Coming To Trinity Commons in Cordova -

A new retail tenant in Trinity Commons shopping center in Cordova could have some Memphians jumping for joy.

Loeb Properties Inc. announced it has leased 30,000 square feet at the center, 700 N. Germantown Parkway, to national trampoline park chain Urban Air Trampoline & Adventure Park.

60. Last Word: Talking Terms on Beale, Bolton High's Past and DeAngelo Williams -

There will be a funeral in south Memphis Friday at Metropolitan Baptist Church for seven of the 10 people – three adults and seven children -- who died not quite two weeks ago in a house fire on Severson Street. The remaining three funerals follow into the weekend.

61. Last Word: Rallings on Protests, New Home Sales Numbers and Special Session Over -

$10 million goes a long way toward establishing a new school.

But Crosstown High School was not among the new high schools that garnered grants Wednesday from the XQ Super School Project.

62. The Week Ahead: September 12-18 -

Happy Monday, Memphis! There’s plenty of celebrating going on in the Bluff City this week, from COGIC’s annual Founder’s Celebration to the Cooper-Young Festival and The Peabody’s birthday bash. Check out details on those and other happenings to keep on your radar this week…

63. Last Word: Heart of the Park, Tigers Opener Preview and Memphis In May Numbers -

“Try to remember the kind of September when life was slow and oh, so mellow. Try to remember the kind of September when grass was green and grain was yellow.”

It would appear this is that kind of September you would otherwise be remembering.

64. Cordova’s Parkway Place Sells in Foreclosure -

1250 N. Germantown Parkway

Cordova, TN 38016

Sale Amount: $19.6 million

Sale Date: Aug. 24, 2016

65. Last Word: Mike McLean's Campaign, Jimmy Carter and Beyond Disparity Studies -

Mike McLean is running one heckuva campaign for Clerk of the Courts. Some of you are thinking, “Why haven’t I heard of that position before?” “Who is the incumbent?”

66. Parkway Place in Cordova Sells for $19.6 Million in Foreclosure -

Cordova’s Parkway Place shopping center and three adjacent properties have sold in foreclosure for $19.6 million.

The properties entered into foreclosure after its owners – 19 North Carolina limited liability companies – defaulted on a $22.5 million loan, according to a first-run foreclosure notice in the Friday, Aug. 5, edition of The Daily News.

67. Events -

Memphis Botanic Garden will host Arts and Craft Beers on Friday, Aug. 19, from 6 p.m. to 9 p.m. at 750 Cherry Road. Grab a power tool and create take-home DIY art projects, sample local craft beers and challenge friends to a lawn game at this 21-and-older event. Tickets are $15 for MBG members and $18 for nonmembers and are available at memphisbotanicgarden.com or 901-636-4131.

68. Four Cordova Properties Facing Foreclosure -

Cordova’s Parkway Place shopping center and three adjacent properties have entered into foreclosure after its owners – 19 North Carolina limited liability companies – defaulted on a $22.5 million loan, according to a first-run foreclosure notice in the Friday, Aug. 5, edition of The Daily News.

69. Four Cordova Properties Facing Foreclosure -

Cordova’s Parkway Place shopping center and three adjacent properties have entered into foreclosure after its owners – 19 North Carolina limited liability companies – defaulted on a $22.5 million loan, according to a first-run foreclosure notice in the Friday, Aug. 5, edition of The Daily News.

70. Frost Bake Shop Opens Second Location -

1016 W. Poplar Ave

Collierville, TN 38017

Address: 1016 W. Poplar Ave

Square feet: 3,400

71. Last Word: Union Turns A Corner, Parkside's TIF and Bee Cause -

There hasn’t been this much excitement since right turn on red came to town 40 years ago.

In less than a week you will be able to make a left turn onto McLean Boulevard from Union Avenue eastbound and westbound. And the traffic signal that lets you do that will flash a yellow arrow that indicates you can turn left if there are no pedestrians and no cars coming the other way.

72. Parkside Developer Seeks TIF Designation -

The developer of the Parkside mixed-use project at Shelby Farms hopes to add a traffic light at Kirby-Whitten and Mullins Station roads and fund a portion of the Shelby Farms Parkway.

73. Bank Building Set To Become Boutique Hotel -

158 Madison Ave.
Memphis, TN 38103

Sale Amount: $1.1 million

Sale Date: June 13, 2016

Buyer: Wessman Holdings

74. Madison Hotel Sells to Chicago-Based Hotel Group -

79 Madison Ave.

Memphis, TN 38103

Sale Date: June 21 

Buyer: 79 Madison Avenue LLC

75. Millington Groundbreaking Held for New Retail Center -

Millington leaders broke ground Tuesday, July 12, on the $36.8 million Shops at Millington Farms development at 8570 North U.S. Highway 51.

The 125,000 square feet of retail space south of Veterans Parkway is being developed by Ryan Commercial Properties LLC.

76. Loeb Properties to Reposition YoLo, Kwik Shop Grill -

YoLo Frozen Yogurt in Overton Square and the Kwik Shop Grill at Central Avenue and East Parkway are both on their way out.

Property owner Loeb Properties will soon undertake significant remodels at the locally-owned Midtown restaurants to attract other restaurant tenants.

77. NexAir Signs Lease for New HQ at Crosstown Concourse -

495 N. Watkins St.
Memphis, TN 38104
Details: Crosstown Concourse has signed another tenant. Memphis-based nexAir, one of the largest distributors of atmospheric gases and welding supplies in the U.S., will lease 33,000 square feet at the mixed-use tower.

78. Loeb Properties Signs Spate of Leases -

Loeb Properties has released a slew of recent leases that fill vacancies from Overton Square to Germantown.

• CFY Catering will be the new operator for the The Atrium, an event venue at 2105 Madison Ave. in Overton Square. Owned by Kevin and Kristi Bush, CFY has another location at the Loeb Properties-owned Daybreak Shops in Bartlett. CFY’s lease begins July 1.

79. Last Word: Budget-Mania, TNReady's Backstory and Slow Down Millenial Investors -

The Overton Park Greensward controversy moves back to City Hall Tuesday as the council talks over an ordinance that sets further in stone the council’s decision in March to give the Memphis Zoo control of two-thirds of the greensward.

80. Middle Tennessee construction can’t meet demand -

When it comes to residential real estate around Middle Tennessee, there are plenty of buyers but not nearly enough sellers, says Heather Benjamin with Reliant Realty’s Benjamin McConnell Group. And new construction just can’t keep up with the demand.

81. Poplar Opens Up -

The prized retail stretch of Poplar Avenue between Perkins Road and Interstate 240 is shaking up in a way the area hasn’t seen in several decades. Within the next two years, more than 230,000 square feet will be made available in what has historically been a tight trade area.

82. TraVure Development Wins Hard-Fought Approval -

After months of dispute and compromise, the Germantown Board of Mayor and Aldermen unanimously approved the 10-acre TraVure planned development.

Opponents and supporters of the project agreed that it was precedent-setting, but they agreed on little else during a two-hour debate on Feb. 22 at Germantown City Hall.

83. Midtown Memphis Ready for Apartment Building Boom -

It’s been more than a decade since new apartments were built in Midtown, and that’s poised to change in a big way with a wave of new multifamily construction stretching from Binghampton to Crosstown.

84. Belz Sells Linden Camilla Towers for $14.4 Million -

256 S. Camilla Street
Memphis, TN 38104

Sale Amount: $14.4 million

Sale Date: Dec. 6, 2015

85. Main Event Entertainment Transferred in Sale-Leaseback -

Operators of the newly opened Main Event Entertainment complex at 7219 Appling Farms Parkway participated in an $8 million sale and leaseback transaction, according to a Dec. 17 special warranty deed.

86. First Building Permit Pulled For Crosstown Concourse Build-Out -

495 N. Watkins St.
Memphis, TN 38104

Permit Amount: $15.6 million

Application Date: January 2016

87. Main Event Entertainment Transferred in Sale-Leaseback -

Operators of the newly opened Main Event Entertainment complex at 7219 Appling Farms Parkway participated in an $8 million sale and leaseback transaction, according to a Dec. 17 special warranty deed.

88. Collierville Assisted Living Facility Sells for $17 Million -

601 Wolf River Blvd.
Collierville, TN 38017

Sale Amount: $17 million

Sale Date: Dec. 29, 2015

89. Mall of Memphis Property Bought by Trucking Company -

113-Acre Former
Mall of Memphis Site
Sale Amount: $3.9 million

Sale Date: Dec. 29, 2015
Buyer: TAG Real Estate Holdings LLC
Seller: Memphis Industrial Properties LLC (Johnson Development Associates Inc.)
Loan Amount: $23 million
Loan Date: Dec. 29, 2015
Lender: Mercedes-Benz Financial Services USA LLC
Details: The 113-acre former Mall of Memphis property has a new owner. TAG Real Estate Holdings, an affiliate of Memphis-based TAG Truck Enterprises LLC, paid $3.9 million, or $34,513 an acre, to buy the property from Johnson Development Associates Inc., acting as Memphis Industrial Properties LLC.

90. Crestview Collection Makes New HQ in Oakhaven -

4300 Concorde Road
Memphis, TN 38118

Sale Amount: $6.9 million

Sale Date: Dec. 15

Buyer: CLI Inc.

Seller: Lester McMahan Partnership

Loan Amount: $6 million

91. Whitehaven View Apartments Sell for $2.7 Million -

1594 E. Holmes Road
Memphis, TN 38116

Sale Amount: $2.7 million

Sale Date: Dec. 14, 2015

92. Cordova Subdivision Still Feeling Effects of Foreclosure Crisis -

The Countrywood subdivision located off Rockcreek Parkway just east of North Germantown Parkway in Cordova’s 38016 ZIP code was hit hard by the foreclosure crisis.

Since 2009 there have been 44 foreclosures recorded in the subdivision, almost a third of them in 2009 alone, resulting in a significant decline of home values over the last several years.

93. Fogelman Proposal Blocks TraVure Vote -

The $90 million TraVure mixed-use development met a delayed vote from the Germantown Planning Commission for a third consecutive time, and developer Ray Gill has strong words for the officials.

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

776 Ridge Lake Boulevard
Memphis, TN 38120

Sale Amount: $16.3 million

Sale Date: Oct. 15

95. Mixed-Use Midtown Market on Tap for Long-Vacant Corner -

Rumors and speculation have long run rampant about potential development at the southwest corner of Union Avenue and McLean Boulevard, one of Memphis’ busiest intersections.

Some of the speculation involved keeping the eight-story hotel, which was built in the late 1960s, as the central feature of whatever came next. In other scenarios it would be demolished.

96. Grocery, Apartments to Rise at McLean-Union Corner -

Belz Enterprises and Harbour Retail Partners of Marietta, Ga., have a plan to demolish the empty eight-story Artisan Hotel on the southwest corner of Union Avenue and McLean Boulevard.

The project would replace the blighted building with a $43 million mixed-use “Midtown Market” anchored by a “national gourmet grocery store." It also would include 188 apartments: 47 studios; 94 one-bedroom units; and 47 two-bedroom units.

97. Ikea Construction On Hold in Property Tax Dispute -

Shelby County Assessor of Property Cheyenne Johnson will appeal a Thursday, Sept. 17, decision by the Shelby County Board of Equalization that lowers the appraised value of the land in Cordova where Ikea plans to build a $64 million, 269,000-square-foot Memphis store.

98. Tax Incentive Changes Causing Headaches for Memphis Mayoral Candidates -

The four major candidates for Memphis mayor all have some version of the same basic answer to questions about tax incentives for economic development.

The answer: Tax incentives, and particularly payment-in-lieu-of-taxes incentives, are not the best way to grow the city’s economy and perhaps should be examined and changed. All four agree that they can’t be done away with entirely, even though the candidates’ opinions on potential changes differ.

99. Ikea Construction On Hold In Property Tax Dispute -

Shelby County Assessor of Property Cheyenne Johnson will appeal a Thursday, Sept. 17, decision by the Shelby County Board of Equalization that lowers the appraised value of the land in Cordova where Ikea plans to build a $64 million, 269,000-square-foot Memphis store.

100. Hotel Developer Moves On Scimitar Building Conversion -

179 Madison Ave.
Memphis, TN 38103

Permit Cost: $5.2 million

Permit Date: Applied August 2015