262 Danny Thomas Place
Memphis, TN 38105

Permit Amount: $412 million

Project Cost: $330 million

2. Southwind LA Fitness Sold for $10.7 Million - Wednesday, August 1, 2018

Phoenix-based VEREIT Inc. purchased the LA Fitness at 7630 Polo Grounds Blvd. on July 30 from Barclay Holdings XII LLC for $10.7 million, according to the Shelby County Register of Deeds.

3. Council Gets First Look at Sanitation Overhaul - Tuesday, July 24, 2018

Memphis City Council members offer their first thoughts Tuesday, July 23, on the reconfiguration of city sanitation services outlined last week by Memphis Mayor Jim Strickland.

4. Germantown Retail Center Sells for $13M, Orion Files Permit for New HQ - Monday, July 23, 2018

1245 N. Germantown Parkway,
Cordova, TN 38016

Sale Amount: $12.6 million

5. Faropoint Sells G'town Retail Center for $13M - Saturday, July 21, 2018

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.

6. Faropoint Sells Germantown Retail Center for $13M - Monday, July 16, 2018

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.

7. Lake District’s Newest Tenant, New Medical District Apartments - Monday, July 2, 2018

3536 Canada Road,
Lakeland, TN 38002

Tenant: Gould’s Salon and Spa

8. Taking Flight - Saturday, June 30, 2018

In the past 20 years, there has been little to no new multifamily housing growth in Memphis outside of Downtown and Midtown. 

So around this time last year, the Economic Development Growth Engine for Memphis and Shelby County, at the behest of both mayors, introduced a tax incentive designed to encourage a new wave of multifamily development with the hopes of growing Memphis’ stagnant population. 

9. Council To Review ‘Shared Mobility’ Rules For Scooters, Bike Share - Tuesday, June 19, 2018

Memphis City Council members get their first look Tuesday, June 19, at a “shared mobility” ordinance that would set broad ground rules for “shared use mobility bicycles, electric assist bicycles and electric scooters.”

10. Crosstown Crossroads - Saturday, May 26, 2018

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.

11. Faropoint, Belz Sell of Part of Retail Portfolio - Monday, May 21, 2018

7501 Goodman Road, Olive Branch, MS 38654 and 7685 Hacks Cross Road, Olive Branch, MS 38654:  Faropoint Ventures continues to remain active in the Greater Memphis Area with the sale of two Olive Branch retail centers for a combined $9.24 million.

12. Local Investor Buys Apartments Near U of M - Saturday, April 7, 2018

Local multifamily property owner Harvard Stephens has purchased a 92-unit apartment complex about a mile and a half from the University of Memphis for $2.5 million.

In the deal, Stephens purchased the townhouse-style Commons at Brentwood, located at 2853 Waverly Ave., from the Orange Mound Development Corp., doing business as Commons at Brentwood LLC, according to a March 21 warranty deed filed with the Shelby County Register.

13. Local Investor Buys Apartments Near U of M - Thursday, April 5, 2018

Local multifamily property owner Harvard Stephens has purchased a 92-unit apartment complex about a mile and a half from the University of Memphis for $2.5 million.

In the deal, Stephens purchased the townhouse-style Commons at Brentwood, located at 2853 Waverly Ave., from the Orange Mound Development Corp., doing business as Commons at Brentwood LLC, according to a March 21 warranty deed filed with the Shelby County Register.

14. This Week In Memphis History: March 23-29 - Saturday, March 24, 2018

2010: Groundbreaking for the Salvation Army Kroc Center at the Mid-South Fairgrounds after a five-year effort that included the local Salvation Army chapter raising $25 million to trigger $60 million in matching funds from the estate of Joan Kroc.

15. Clark Tower, Primacy Parkway Ink New Tenants - Monday, March 12, 2018

5100 Poplar Ave.
Memphis, TN 38137

Lease Amount: 1,830 square feet

Tenant: Accurate Communications Corp.

16. Digest - Tuesday, March 6, 2018

Memphis Grizzlies Suffer 15th Consecutive Loss

The Grizzlies lost their 15th straight game, 119-110 at Chicago, on Wednesday, March 7.

The team has not won since defeating the Phoenix Suns at FedExForum on Jan. 29.

17. CRE Owners Look To Reap Rewards Of New Tax Cuts - Saturday, February 24, 2018

The start of the year enjoyed a flurry of commercial real estate sales and building permits, on the heels of federal tax cuts passed late last year that are expected to benefit CRE owners and possibly impact the number of new projects and sales announced this year.

18. FedEx Customer Service Building Sells for $14M - Saturday, February 10, 2018

The 125,000-square-foot building that houses FedEx’s TechConnect Customer Service center in Collierville has switched hands for $14 million.

In the deal, BAP Properties sold the Class B warehouse located at 477 Distribution Parkway to Infinity Nine Collierville LLC for $14 million.

19. FedEx Customer Service Building Sells for $14M - Wednesday, February 7, 2018

The 125,000-square-foot building that houses FedEx’s TechConnect Customer Service center in Collierville has switched hands for $14 million.

In the deal, BAP Properties sold the Class B warehouse located at 477 Distribution Parkway to Infinity Nine Collierville LLC for $14 million.

20. Vatterott Sells 14 Campuses, Including Three in Memphis - Saturday, January 20, 2018

Vatterott Educational Centers has agreed to sell 14 of its campuses – including three Memphis properties – to Education Corp. of America, which operates private, accredited colleges across the U.S.

21. Vatterott to Sell 14 Campuses, Including 3 in Memphis - Tuesday, January 16, 2018

Vatterott Educational Centers has agreed to sell 14 of its campuses – including three Memphis properties – to Education Corp. of America, which operates private, accredited colleges across the U.S.

22. Memphis Hilton Sale, New FedEx Hub Building Highlight Busy Week - Monday, January 15, 2018

939 Ridge Lake Blvd.

Memphis, TN 38120

Sale Amount: $31 million

Sale Date: Jan. 3, 2018

Buyer: Linchris Hotel Corp.

Seller: Davidson Hotels and Resorts

23. Popular Dessert Shop Opening Second Location - Saturday, December 16, 2017

La Michoacana Ice Cream & Paletas has announced it will be opening a second location in Cordova at 830 N. Germantown Parkway.

24. Cooper-Young Historic District, Shelby Farms Mixed-Use Project Approved by LUCB - Friday, December 15, 2017

During its last meeting of 2017, The Shelby County Land Use Control Board tackled a particularity large slate of notable projects, including a massive $142 million mixed-use development on the outskirts of Shelby Farms and the fate of Cooper-Young’s Landmarks status.

25. Popular Dessert Shop Opening Second Location - Friday, December 15, 2017

La Michoacana Ice Cream & Paletas has announced it will be opening a second location in Cordova at 830 N. Germantown Parkway.

26. Piece by Piece: Construction Projects Flourishing Throughout Mid-South - Saturday, December 9, 2017

With $11 billion spread out among more than 300 active projects in the Memphis area, according to data from brokerage firm Cushman & Wakefield/Commercial Advisors, it’s safe to say business in the region is good.

27. Lenox Park Offices Sell for $5.3 Million - Saturday, November 25, 2017

Lenox Park A and Lenox Park B, a pair of Southeast Memphis office buildings topping 100,000 square feet each, have sold for a combined $5.3 million, according to a Friday, Nov. 17, deed filed with the Shelby County Register of Deeds.

28. Lenox Park Offices Sell for $5.3 Million - Wednesday, November 22, 2017

Lenox Park A and Lenox Park B, a pair of Southeast Memphis office buildings topping 100,000 square feet each, have sold for a combined $5.3 million, according to a Friday, Nov. 17, deed filed with the Shelby County Register of Deeds.

29. Shelby Farms Draws $142 Million, 71-Acre Development - Monday, November 13, 2017

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.

30. City Fairgrounds Plan Keeps Coliseum on Hold - Thursday, November 2, 2017

When it unveils a general plan for Fairgrounds redevelopment Monday, Nov. 6, the administration of Memphis Mayor Jim Strickland will put the emphasis on setting the stage for a fuller redevelopment.

31. Outdoors Retailer REI Plans First Memphis Store - Tuesday, October 10, 2017

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.

32. Outdoors Retailer REI Planning First Memphis Store - Monday, October 9, 2017

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.

33. CBRE Chosen To Lease Southwind Office Center - Friday, October 6, 2017

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.

34. CBRE to Handle Leasing for Southwind Office Center - Wednesday, October 4, 2017

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.

35. GPAC Planning New Open-Air Venue - Monday, September 25, 2017

1801 Exeter Road, Germantown, TN 38138

Owner: Germantown Performing Arts Center

36. Highwoods Sells Southwind Portfolio for $39M - Thursday, September 21, 2017

Highwoods Properties Inc. has sold a massive portion of its portfolio in Southwind to a New York-based investment group for $39 million.

37. Highwoods Sells Southwind Portfolio for Nearly $40M - Tuesday, September 19, 2017

Highwoods Properties has sold a massive portion of its portfolio in Southwind to a New York-based investment group for $39 million.

In the deal, Highwoods Properties, doing business as Highwoods Reality Limited Partnership, sold eight parcels of land near the intersection of Players Club Parkway and Tournament Drive to Group RMC, which purchased the property under the name of Southwind Memphis Reality LP.

38. August 11-17, 2017: This week in Memphis history - Saturday, August 12, 2017

1937: A privilege license for The Oasis, a restaurant serving beer and owned by Nick Demapolis at 2128 Central Ave. on the corner of Central and Cooper.

39. Cordova Apartment Community Sells for $27.9M - Friday, August 4, 2017

The Charleston, a 284-unit apartment community on the east side of Houston Levee Road just south of U.S. 64, has sold for $27.9 million, marking a new chapter for a property that was built just last year.

40. Council OKs Multifamily Project Near Overton Park - Thursday, July 27, 2017

The key element in selling the Overton Gateway project compromise to Midtown homeowners turned out to have little to do with the height of the apartment buildings or the number of parking spaces.

The mixed residential development by Makowsky Ringel Greenberg LLC at Sam Cooper Boulevard and East Parkway drew the concern of a lot of Midtown neighborhoods with historic status because its apartment buildings exceed the guidelines of the Lea’s Woods historic area on the eastern edge of Overton Park.

41. Council Vote Puts Overton Gateway Compromise To Test - Tuesday, July 25, 2017

Memphis City Council members will put a tentative compromise on the proposed Overton Gateway development to the test Tuesday, July 25.

The council is scheduled to vote on the multifamily apartment project to be built by Makowsky Ringel Greenberg that encompasses both sides of Sam Cooper Boulevard at East Parkway.

42. MRG, Thomas & Betts Receive Tax Incentives - Friday, July 21, 2017

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.

43. Madison @ McLean Project Awarded 14-Year Tax Abatement - Thursday, July 20, 2017

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.

44. Atlanta Retail Investor Makes $29M Purchase - Thursday, July 20, 2017

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...

45. Events - Wednesday, July 19, 2017

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.

46. Events - Tuesday, July 18, 2017

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.

47. Malco Pulls Additional Building Permit for Downtown Theater - Thursday, July 13, 2017

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

48. Malco Pulls Additional Building Permit for Downtown Theater - Thursday, July 13, 2017

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

49. Hernando Ice Cream Parlor Preparing Crosstown Location - Thursday, June 15, 2017

1350 Concourse Ave.

Memphis, TN 38104

Permit Amount: $80,000

Application Date: June 2017

50. Jerry’s Sno Cones Files Permit for Cordova Shop - Thursday, June 8, 2017

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...

51. Medical District Apartments Sell for $5.2 Million - Thursday, May 25, 2017

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...

52. Collierville Retail Building Sells for $2.5 Million - Saturday, May 20, 2017

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.

53. Collierville Retail Building Sells for $2.5 Million - Thursday, May 18, 2017

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.

54. Clark Tower Wraps Up $8 Million Renovation - Thursday, May 11, 2017

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...

55. MRG Reshapes Overton Gateway Plan, Residents Still Not Happy - Thursday, April 27, 2017

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.

56. Council to Consider Plans, Raises, ‘Basics’ in Strickland's Budget - Tuesday, April 25, 2017

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.”

57. East Memphis Office Sells for $17 Million - Thursday, April 20, 2017

6055 Primacy Pkwy.
Memphis, TN 38119

Sale Amount: $17 million 

Sale Date: April 11, 2017

58. Events - Monday, April 17, 2017

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.

59. Events - Saturday, April 15, 2017

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.

60. Events - Friday, April 14, 2017

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.

61. East Memphis Office Sells for $17M - Thursday, April 13, 2017

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.

62. Shops of Wolflake Near Wolfchase Sells for $4.8M - Thursday, April 13, 2017

2965 N. Germantown Parkway
Bartlett, TN 38133 

Sale Amount: $5 million

Sale Date: March 31

Buyer: WFL Retail LLC

63. Last Word: The Overton Park Split, Democrats Help The Gas Tax Bill and LaVar Ball - Thursday, March 23, 2017

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.

64. Wolfchase At 20 - Saturday, March 18, 2017

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.

65. Hickory Hill Home Depot Site Sells for $15 Million - Thursday, March 16, 2017

3469 Riverdale Road
Memphis, TN 38115 

Sale Amount: $15.7 million

Sale Date: March 3, 2017

Buyer: Spirit Realty Capital

66. Luxury Apartments Begin $17 Million Expansion - Thursday, February 16, 2017

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)

67. Archived Article - Thursday, February 16, 2017

3333 Hacks Cross Road

Memphis, TN 38125

Permit Amount: $9.7 million (combined)

Project Cost: $17 million

68. Events - Wednesday, February 8, 2017

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.

69. Events - Saturday, February 4, 2017

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.

70. Events - Monday, February 6, 2017

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.

71. Temple Israel Expanding Into Crosstown Concourse - Thursday, February 2, 2017

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. 

72. Parkway Village Burger King Sells for $1.8 Million - Tuesday, January 31, 2017

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.

73. Dave & Buster’s to Open Cordova Location - Thursday, January 19, 2017

7930 Germantown Parkway
Memphis, TN 38133 

Landlord: Brixmor Property Group 

Tenant: Dave & Buster’s 

74. Dave & Buster’s Plans Memphis Debut - Tuesday, January 17, 2017

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.

75. Dave & Buster's To Open In Cordova - Friday, January 13, 2017

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.

76. Nordstrom Rack Files $1.5M Permit for Memphis Store - Thursday, January 5, 2017

4572 Poplar Ave.

Memphis, TN 38117

Permit Amount: $1.5 million

Project Cost: $25.2 million

Application Date: December 2016

77. Germantown Park Offices Sell for Nearly $48 Million - Saturday, December 31, 2016

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.

78. Germantown Park Offices Sell for Nearly $48 Million - Friday, December 30, 2016

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.

79. Midtown Retail Property Sells for $5 Million - Thursday, December 29, 2016

1625 Poplar Avenue

Memphis, TN 38104 

Sale Amount: $5 million

Sale Date: Dec. 21, 2016

80. Arrests, Metal Barriers, Lawsuits All Played Role in Greensward Parking Compromise - Thursday, December 29, 2016

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.

81. Cordova’s Future LA Fitness Site Sells for $2.4M - Monday, December 26, 2016

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.

82. Developer Buys Former Merle Norman Warehouse - Thursday, December 22, 2016

3670 S. Perkins Road

Memphis, TN 38118

Sale Amount: $1.3 million

Sale Date: December 2016

Buyer: Farnsworth Investment Co.

83. Trader Joe’s Developer Seeks $2.5M Permit - Thursday, December 8, 2016

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

Future Tenant: Trader Joe’s 

Developer: CAP Germantown LLC

84. Two Hotel Projects Top Council Agenda - Tuesday, December 6, 2016

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.

85. MAA Closes Merger With Post Properties - Monday, December 5, 2016

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.

86. MAA Closes Merger With Post Properties - Friday, December 2, 2016

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.

87. Gill Seeks $25 Million Permit For New MAA Headquarters - Thursday, November 24, 2016

6815 U.S. 72

Germantown, TN 38138

Permit Amount: $25 million

Future Tenant: MAA

88. Gill Seeks $25M Permit For Future MAA Headquarters - Saturday, November 19, 2016

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.

89. Gill Seeks $25M Permit for Future MAA Headquarters - Thursday, November 17, 2016

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.

90. Cordova Flex Development Sells for $6.3 Million - Saturday, November 5, 2016

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.

91. Cordova Flex Development Sells for $6.3 Million - Monday, October 31, 2016

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.

92. Real Estate Awakening - Saturday, October 29, 2016

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.

93. With MAA, TraVure Is Gateway To Germantown - Wednesday, October 26, 2016

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.

94. Germantown PILOT for MAA Headquarters Move to TraVure Approved - Tuesday, October 25, 2016

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.

95. Germantown PILOT for MAA Headquarters Move to TraVure Approved - Tuesday, October 25, 2016

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.

96. Southeast Memphis Portfolio Sells for $23.6 Million - Thursday, October 13, 2016

Multiple Properties

Memphis, TN 38118

Sale Amount: $23.6 million

Sale Date: Sept. 27, 2016

97. Skilled Nursing Facility In Bartlett Sells for $13 Million - Thursday, October 6, 2016

1150 Dovecrest Road

Bartlett, TN 38134

Sale Amount: $13 million

Sale Date: Sept. 30, 2016

98. East Memphis Office Changes Hands for $2.4M - Wednesday, October 5, 2016

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.

99. Trampoline Park Coming To Trinity Commons - Saturday, October 1, 2016

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.

100. Trampoline Park Coming To Trinity Commons in Cordova - Friday, September 30, 2016

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.