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Editorial Results (free)

1. 3 Parcels in Whitehaven Sell for $1.4 Million -

Joe Poppenheimer Management LLC has sold three parcels of commercial property in the Whitehaven area to Mikes Properties LLC for $1.4 million, according to a Jan. 17 warranty deed filed with the Shelby County Register of Deeds.

2. Harris Visits With Park Employees on State Outsourcing Plan -

NASHVILLE – State Sen. Lee Harris, D-Memphis, and Rep. John Ray Clemmons, D-Nashville, met with Fall Creek Falls State Park employees Friday, Jan. 20, for a town hall discussion on the governor’s proposal to outsource state assets to private companies and potentially eliminate state jobs.

3. 3 Parcels in Whitehaven Sell for $1.4 Million -

Joe Poppenheimer Management LLC has sold three parcels of commercial property in the Whitehaven area to Mikes Properties LLC for $1.4 million, according to a Jan. 17 warranty deed filed with the Shelby County Register of Deeds.

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

7930 Germantown Parkway
Memphis, TN 38133 

Landlord: Brixmor Property Group 

Tenant: Dave & Buster’s 

5. Board to Review Tennessee Historic Sites for National Register -

NASHVILLE, Tenn. (AP) – A state board has scheduled a meeting to review proposed nominations to the National Register of Historic Places, including two Shelby County properties.

The Tennessee State Review Board is planning to meet Jan. 25 at the Tennessee Historical Commission in Nashville.

6. Luxury Home Sales Up 13 Percent in 2016 -

Memphis and Shelby County set several real estate records in 2016, including the highest average home sales price ever recorded. One of the contributing factors, in addition to a 15-year low in the foreclosure rate, was the sale of luxury homes, residential properties valued over $500,000.

7. 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.

8. 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.

9. Shelby County Home Sales Prices Hit Record High -

The Memphis and Shelby County housing market remained healthy in 2016, where a record high in average home sales prices and a 15-year low in foreclosures helped make the housing crisis of last decade seem more and more like a distant memory.

10. LA Fitness Eyes Collierville, Urban Village Moves Ahead -

1048 W. Poplar Ave.
Collierville, TN 38017

Sale Amount: $3.7 million

Sale Date: Jan. 5, 2017

Buyer: Fitness International LLC

11. Fitness Chain Buys Former Collierville Car Dealership -

Fitness International LLC, an affiliate of L.A. Fitness International, has purchased the site of the former Sunrise Chevrolet Buick GMC in Collierville for $3.7 million.

12. Blight Fight Takes Root Near Carnes Elementary -

Some of Mary Baker’s friends like to joke that she will eventually reclaim the whole city of Memphis, but just one lot at a time. “I say, what’s wrong with that?” Baker replied.

13. Opponents of Dairy Expansion To Host Community Meeting -

A group of Midtown citizens who are opposed to the expansion of Turner Dairy’s Madison Avenue location will hold a public meeting Tuesday, Jan. 10, at 5:30 p.m. in the Hattiloo Theatre lobby, 37 S. Cooper St.

14. Avison Young Adds Four To Memphis Office Staff -

Commercial real estate firm Avison Young has announced four new additions to its Memphis office, including Greg deWitt, who will join as vice president.

DeWitt, a 23-year veteran of the commercial real estate market in Memphis, specializes in tenant and landlord representation for office and industrial properties.

15. Fogelman Acquires Two Apartment Communities -

Memphis-based Fogelman Properties acquired a pair of multifamily apartment communities in Georgia and South Carolina, totaling a combined 540 units.

The communities were acquired in a joint venture with Dallas, Texas-based Thackeray Partners and mark the third and fourth multifamily investments by the partnership since 2015.

16. Blake Shelton-Themed Bars to Open in Tennessee, Oklahoma -

NASHVILLE, Tenn. (AP) – The company that owns the Grand Ole Opry and the Ryman Auditorium is opening two new venues in Tennessee and Oklahoma with the help of country star Blake Shelton.

17. Elvis' Home-Away-From-Home Could Be Razed for Car Wash -

NASHVILLE, Tenn. (AP) – As a teenager growing up in the 1950s, Steve North would look for the pink Cadillac outside a stone house on the outskirts of Nashville. If the car was there, Elvis was in the building.

18. Fogelman Acquires Two Apartment Communities -

Memphis-based Fogelman Properties acquired a pair of multifamily apartment communities in Georgia and South Carolina, totaling a combined 540 units.

The communities were acquired in a joint venture with Dallas, Texas-based Thackeray Partners and mark the third and fourth multifamily investments by the partnership since 2015.

19. 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

20. Germantown Planning Board OKs Trader Joe’s Change -

Plans for Trader Joe’s Germantown location are changing again, and it could expedite the store’s opening.

Developer Centennial American Properties received unanimous approval from the Germantown Planning Commission Tuesday, Jan. 3, for a revised site plan that would locate Trader Joe’s within the former Kroger store at 2130 Exeter Road instead of in a new building on an outparcel of that site.

21. Avison Young Adds Four To Memphis Office Staff -

Commercial real estate firm Avison Young has announced four new additions to its Memphis office, including Greg deWitt, who will join as vice president.

DeWitt, a 23-year veteran of the commercial real estate market in Memphis, specializes in tenant and landlord representation for office and industrial properties.

22. 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.

23. 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.

24. US Pending Home Sales Fell in November -

Fewer Americans signed contracts to buy homes in November. The decrease likely reflects the drag caused by rising mortgage rates and the shallow inventory of properties on the market. 

The National Association of Realtors said Wednesday that its seasonally adjusted pending home sales index fell 2.5 percent to 107.3, the lowest reading since the start of 2016. Pending sales declined in the Midwest, South and West, while improving in the Northeast.

25. Midtown Retail Property Sells for $5 Million -

1625 Poplar Avenue

Memphis, TN 38104 

Sale Amount: $5 million

Sale Date: Dec. 21, 2016

26. 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.

27. Nordstrom Rack Files $1.5M Permit For Memphis Store -

Nordstrom Rack is moving one step closer to opening an East Memphis location in 2017.

The Seattle-based retailer has filed a $1.5 million building permit application with the city-county Office of Construction Code Enforcement for its store at 4572 Poplar Ave. in the future Poplar Commons retail center.

28. Large Deals, Office Construction Among Memphis' Commercial Real Estate Trends -

Coming off of a strong year in 2015, the commercial real estate market in the Memphis metropolitan area continued to do well in 2016.

Larry Jensen, president and CEO of Cushman & Wakefield/Commercial Advisors, said his company was tracking approximately 6 million square feet of net absorption in the industrial market headed into the last week of 2016, as compared to 8.4 million in 2015.

29. 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.

30. Long-Term US Mortgage Rates Hit Highest Levels Since 2014 -

WASHINGTON (AP) – Long-term US mortgage rates climbed again this week, hitting the highest levels since 2014.

Mortgage giant Freddie Mac said Thursday that the rate on 30-year fixed-rate loans jumped to an average 4.30 percent from 4.16 percent last week and the highest since April 2014. The average for a 15-year mortgage rose to 3.52 percent from 3.37 percent last week and highest since January 2014.

31. 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.

32. 2 Family Dollar Locations Sell for $2.6 Million -

Marketplace Development LLC has sold two Memphis properties housing Family Dollar stores to FD Retail Properties LLC for a combined $2.6 million.

33. Village Shops of Forest Hill Sells for $37.1 Million -

A 360,000-square-foot commercial retail center in Germantown recently was purchased by Epic Real Estate Partners acting as EREP Forest Hill I LLC for $37.1 million.

34. December 16-22, 2016: This week in Memphis history -

2015: A record high temperature of 70 degrees at Memphis, according to the National Weather Service. The 70-degree mark ties a record for the date set in 1982.

2011: On the front page of The Daily News, the Memphis City Council approves a planned development for the south side of Madison Avenue in Overton Square, including a new $16 million public parking garage to be built by the city. The garage is eligible for public funding because it is to include a water detention basin in its base that alleviates a chronic flooding problem in the area, which includes Lick Creek. Loeb Properties Inc. has a contract with the Colorado company that owns the entertainment district and the contract runs out at the end of 2011. A Loeb plan to make a supermarket the anchor of a revitalized square has fallen through and Loeb is now envisioning Overton Square as a theater district with a $19.2 million investment by Loeb in the area.

35. Memphis Chamber Announces Program to Assist Minority-, Women-Owned Businesses -

At a press conference fittingly held at the National Civil Rights Museum, The Greater Memphis Chamber announced their newest pilot program Thursday, Dec. 15: the Ascend Memphis Business Development Pilot Program.

36. Village Shops of Forest Hill Sold for $37.1 Million -

9155 U.S. Highway 72

Germantown, TN 38138

Sale Amount: $37.1 million 

Sale Date: December 2016

37. Avison Young Names Director Of Property Management -

Avison Young has named Tim Norwood the new director of property management for its Memphis office, the Toronto, Canada-based commercial real estate services firm announced Monday, Dec. 12.

38. Ethics Experts: Trump Invites Trouble If He Keeps Businesses -

NEW YORK (AP) – Donald Trump says he will step away from managing his business empire while he's in office – but he's not going to sell it off. If he follows through, he will shatter a presidential precedent on conflicts, and ethics experts say he will open the door to investigations and lawsuits that could hobble his administration.

39. Tourists Stream Back to Gatlinburg, But Rebuilding Looms -

GATLINBURG, Tenn. (AP) — Visitors jammed the main roads and sidewalks in Gatlinburg as the tourism city reopened to the public Friday for the first time since wildfires killed 14 people.

40. Village Shops of Forest Hill Sold for $37.1 Million -

A 360,000-square-foot commercial retail center in Germantown was recently purchased by Epic Real Estate Partners acting as EREP Forest Hill I LLC for $37.1 million.

41. Evolving PILOT Programs in Memphis Look to Restore Competitive Balance -

When the Memphis-Shelby County Economic Development Growth Engine approved its Fast Track payment-in-lieu-of-taxes (PILOT) program earlier this year, it was with the hopes of bringing back a competitive balance between Memphis and North Mississippi.

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. Outsourcing: Savings, But No Specifics -

The Haslam administration is forging ahead with plans to nab a statewide facilities services contractor after an outside analysis backed up a study showing estimated cost savings of more than $35 million a year at Tennessee universities.

44. Last Word: Football Comes Back, Snuff on Front Street and Pot Is Short of Seven -

I have a question that some of you may not care for? Is football making a comeback in this basketball town for a more prominent place in the conflicted and diverse hothouse that is Memphis culture?

45. Local Company Buys Former American Snuff Properties -

Local partnership group Keel Street LLC recently purchased two adjacent Downtown properties located at 46 Keel Ave. and 700 N. Front St. from American Snuff Co. for $250,000.

46. 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.

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

CAP Germantown LLC, the company developing a future Trader Joe’s store in Germantown, has pulled a $2.5 million building permit for modifications to the site, located near the northeast corner of Exeter Road and Poplar Avenue.

48. 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.

49. Last Word: Fire Recovery, Justice Department Work Begins and Rocky Top Angst -

The death toll in the East Tennessee wildfires goes to 10 Thursday as the recovery effort moves beyond a search for those missing. The count of buildings burned in Sevier County is estimated at more than 700 – 300 just in Gatlinburg. And 47 people are injured by the latest count. The count of those who died in the fires includes confirmation that Jon and Janet Summer of Memphis are among the dead recovered so far.

50. 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.

51. Trump Says He's Leaving Businesses to Avoid Conflicts -

NEW YORK (AP) – President-elect Donald Trump declared Wednesday he will leave his business empire behind to focus on his presidency. But the prospect that he could simply shift more control to three of his adult children looked too cozy to some business-ethics specialists who suggest the arrangement could bring unprecedented conflicts of interest into the Oval Office.

52. Saving Money On 2017 Travel -

I can’t in good conscience encourage anyone to spend money. Do we really need a Cyber Monday to go online and shop more? And it’s not like you’re saving money; yes, that TV might be $50 less than it was the previous day, but you’re still spending money.

53. Three CRE Firms Join to Improve Connectivity at Busy Poplar Corridor -

Three Memphis real estate companies with significant assets in the Poplar Avenue/Ridgeway Road area are making plans to improve connectivity and walkability there.

Boyle Investment Co., Highwoods Properties Inc. and Loeb Properties Inc. are forming the Shady Grove/Ridgeway Business Owners Association (BOA), an advocacy organization focused on pedestrian/streetscape enhancements for the East Memphis business district, particularly at Poplar and South Shady Grove Road.

54. US Home Prices Surpass Pre-Recession Peak Amid Healthy Sales -

WASHINGTON (AP) – U.S. home prices have fully recovered from their steep plunge during the housing bust and Great Recession, according to a private measure.

The Standard & Poor's CoreLogic Case-Shiller national home price index , released Tuesday, is slightly above the peak it set in July 2006, after rising 5.5 percent in September from a year earlier. The milestone comes after more than four years of steady gains.

55. Kirk-Ivy Named 2016 Mississippi Commercial Realtor -

Bambi K. Kirk-Ivy, a commercial Realtor and marketing director at Olive Branch-based Utley Properties, recently was recognized as the 2016 Mississippi Commercial Realtor of the Year at the annual Mississippi Realtors Convention and Expo.
As a landlord representative for all of Utley’s properties, most of Kirk-Ivy’s work has been in retail; however, she says the company is now focusing on light industrial-type flex spaces consisting of office, showroom and warehouse uses.
In 2017, she also will serve as the northern district director on the Mississippi Commercial Association of Realtors board of directors. 

56. Jernigan Capital to Invest $12.6M in Florida Facilities -

Jernigan Capital Inc. is investing $12.6 million in two storage facilities in Florida, the Memphis-based real estate investment trust has announced.

57. Morris Auction Group Adds New Services in Destin, Fla. -

Six months after Memphis-based Morris Auction Group expanded into Destin, Florida, the company is expanding the scope of its services there.

Morris’ Destin branch, Luxury Estates Auction Co., has added a new arm focused on traditional real estate services. Called Luxury Estates Realty Group, the arm will focus on showcasing and selling high net worth properties in the Destin/30A area and the Northwest Florida region.

58. Jernigan Capital to Invest $12.6M in Florida Facilities -

Jernigan Capital Inc. is investing $12.6 million in two storage facilities in Florida, the Memphis-based real estate investment trust has announced.

59. Morris Auction Group Adds New Services in Destin, Fla. -

Six months after Memphis-based Morris Auction Group expanded into Destin, Florida, the company is expanding the scope of its services there.

Morris’ Destin branch, Luxury Estates Auction Co., has added a new arm focused on traditional real estate services. Called Luxury Estates Realty Group, the arm will focus on showcasing and selling high net worth properties in the Destin/30A area and the Northwest Florida region.

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

6815 U.S. 72

Germantown, TN 38138

Permit Amount: $25 million

Future Tenant: MAA

61. US Home Sales Reach Strongest Pace in Nearly a Decade -

WASHINGTON (AP) – Americans bought homes in October at the fastest pace in nearly decade, helped out by low mortgage rates that have since started to climb following the presidential election of Donald Trump.

62. Last Word: Chattanooga's Tragedy, Elvis Presley's Memphis and Chandler Parsons -

A grim Monday in Chattanooga where, as we post this, six school children were killed in a school bus crash and the driver of the bus was charged late Monday with reckless driving and vehicular homicide.

63. Lennox Cos. Raising Its Profile -

When Lennox Cos. was founded in 2014, the upstart apartment management company owned only three properties with 800 units, but a mere 2 ½ years later it manages 18 properties with more than 3,700 units.

64. 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.

65. Holiday Decision -

In recent years the holiday shopping season has been inching back further and further, with some retailers choosing to give up the tradition of being closed on Thanksgiving. But this year public backlash has reached the top of the retail chain, and some big malls and shopping centers are deciding it’s not worth opening on the national holiday.

66. DMC Outlines 2017 Plans, Recaps 2016 Successes -

The Downtown Memphis Commission is looking ahead with strategies to improve the pedestrian experience, support large-scale hotel developments, attract corporate headquarters both large and small, and enhance the Main Street Mall.

67. 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.

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

350 N. Third St.

Memphis, TN 38105

Permit Amount: $3.5 million

Application Date: November 2016

69. CCRFC Approves Several Lease Agreements -

The Memphis Center City Revenue Finance Corp. approved two reassignments of payment-in-lieu-of-taxes incentives and the refinancing of a lease at its Tuesday, Nov. 15, meeting.

70. Auto Safety Supplier Autoliv Moves Into Memphis -

Autoliv, the world’s largest auto safety supplier, has signed a lease to move into a 157,366-square-foot distribution facility in Olive Branch, Mississippi.

Hillwood Investment Properties announced the lease Monday, Nov. 14.

71. Disney Embraces Streaming as Ratings Sag -

NEW YORK (AP) – As more and more people get their favorite TV shows and movies online, Disney is also learning to embrace the stream.

The Walt Disney Co. once resisted offering channels like ESPN directly over the internet, preferring old-fashioned cable subscriptions. Its investors are fretting over ratings as more people cut the cord and cancel cable or satellite service. NFL game viewership is also down, and the contentious election drew viewers away from Disney networks like ABC to cable news networks.

72. Gourmet Meal Service Le Jardin Set to Open -

A new gourmet meals service is coming to Chickasaw Crossing on Poplar Avenue just east of the Union Avenue viaduct.

Le Jardin will offer gourmet meals to go; a soft opening is scheduled Nov. 17 with a grand opening celebration planned for Dec. 1 from 4 p.m. to 7 p.m.

73. Developer Wins Approval For Downtown Aloft Hotel -

Mississippi-based Vibrant Hotels Inc. is one step closer to developing a new full-scale hotel in the heart of Downtown Memphis after its special use permit was approved by the Land Use Control Board Thursday, Nov. 10.

74. Downtown May Get New 12-Story Boutique Hotel -

A plan to redevelop the former Tenoke Building into a hotel may be revived several years after a similar idea for the vacant Downtown office high-rise fell through.

Vibrant Hotels Inc., an affiliate of Batesville, Mississippi-based development company JVD Enterprises, is seeking a special use permit that would allow the conversion of the century-old Tenoke, located at 161 Jefferson Ave., and the adjacent one-story office at 191 Jefferson Ave. into an “upper-brand franchised full-service hotel,” according to an application filed with the city-county Office of Planning and Development in August.

75. Thanksgiving Day Shopping is Here to Stay – With Some Tweaks -

NEW YORK (AP) – Thanksgiving Day shopping – a delight to some, an anathema to others – isn't going away, but some stores are rethinking their strategies on whether it makes sense to be open on the holiday itself.

76. Gourmet Meal Service Le Jardin Set to Open -

A new gourmet meals service is coming to Chickasaw Crossing on Poplar Avenue just east of the Union Avenue viaduct.

Le Jardin will offer gourmet meals to go; a soft opening is scheduled Nov. 17 with a grand opening celebration planned for Dec. 1 from 4 p.m. to 7 p.m.

77. 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.

78. MAA Q3 Earnings Reflect Merger Costs -

Memphis-based Mid-America Apartment Communities Inc. reported third quarter net income of $84.3 million, down from the $91.7 million reported by the real estate investment trust a year ago.

79. EdR Reports $3.5M Loss For Third Quarter -

Memphis-based EdR recorded a net loss of $3.5 million, or 5 cents per share, in the third quarter, the real estate investment trust reported Oct. 31. That compares to a net loss of $4.7 million, or 10 cents per share, during the same period a year ago.

80. Local Real Estate Sectors Show Positive Absorption -

Vacancy in the Memphis MSA industrial market has hit a five-year low as 3.5 million square feet of space has been absorbed so far this year, according to the latest MarketView Report from CBRE.

In the third quarter, the Memphis MSA saw 843,827 square feet of positive net absorption, down about 27 percent from the previous quarter.

81. Memphis Real Estate Sectors All Show Positive Absorption -

Vacancy in the Memphis MSA industrial market has hit a five-year low as 3.5 million square feet of space has been absorbed so far this year, according to the latest MarketView Report from CBRE.

In the third quarter, the Memphis MSA saw 843,827 square feet of positive net absorption, down about 27 percent from the previous quarter.

82. Newspaper Deal Falls Apart as Gannett Gives Up on Tronc -

NEW YORK (AP) – USA Today publisher Gannett walked away Tuesday from its attempted takeover of Tronc, the owner of the Los Angeles Times, Chicago Tribune and other major dailies.

Gannett's target was elusive from the beginning, with a publicly contentious back-and-forth between the two companies. Tronc, formerly known as Tribune Publishing, rejected at least two bids from Gannett since April because it said it preferred to go it alone and focus on tech-driven initiatives involving artificial intelligence and global expansion in entertainment news and video.

83. EdR Reports $3.5M Loss For Third Quarter -

Memphis-based EdR recorded a net loss of $3.5 million, or 5 cents per share, in the third quarter, the real estate investment trust reported Monday, Oct. 31. That compares to a net loss of $4.7 million or 10 cents per share, during the same period a year ago.

84. 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.

85. MAA Q3 Earnings Reflect Merger Costs -

Memphis-based MAA (formerly Mid-America Apartment Communities Inc.) reported third-quarter net income of $84.3 million, down from the $91.7 million reported by the real estate investment trust a year ago.

86. McNeill Commercial Real Estate Thrives By Focusing on Flexibility -

McNeill Commercial Real Estate doesn’t focus on one discipline, location or product type.

While some developers focus on multifamily, retail or industrial properties, for example, McNeill dabbles in it all. That includes a hospitality group that started in 2014 to expand on its already present hotel focus.

87. Local Multifamily Market Continues To Log Higher Sales, Strong Demand -

Multifamily real estate sales have been strong in Memphis for a couple of years, and the 41 transactions posted in the third quarter mark the most recorded in a quarter in two years.

“The multifamily market continues to be very strong and has been the strongest real estate sector for the past several years,” said Mark Fogelman, president of Memphis-based Fogelman Management Group, a national multifamily property management company.

88. Industrial Real Estate Competition Heats Up Between DeSoto, Marshall -

A North Mississippi industrial park more than 10 years in the making is reaching the finish line. By next May, Hillwood Investment Co. will wrap construction on a 947,000-square-foot warehouse on the final parcel in the DeSoto Trade Center.

89. 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.

90. $92M Graceland Hotel Expected to Be a Catalyst for Whitehaven -

The Heartbreak Hotel on Elvis Presley Boulevard was full Wednesday, Oct. 26 – its final night as a hotel.

By the time the $92 million, 450-room Guest House at Graceland resort opened across the boulevard Thursday morning, many of the doors at the Heartbreak Hotel were missing their room numbers – taken as souvenirs by guests who filled the circa-1980s hotel in its final days.

91. Last Word: Beale Street Blues, Feds Review MPD and Midtown Kroger -

It’s the Grizz season opener against the Minnesota Timberwolves at FedExForum Wednesday. But there was plenty of drama in the Grizzlies office Tuesday afternoon of the non-Grizz variety but nevertheless a shade of Beale Street blue.

92. 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.

93. 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.

94. 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.

95. US Internet Repeatedly Disrupted by Cyberattacks on Key Firm -

LONDON (AP) — Cyberattacks on a key internet firm repeatedly disrupted the availability of popular websites across the East Coast of the United States Friday, according to analysts and company officials.

96. October 21-27, 2016: This week in Memphis history -

2010: On the front page of The Daily News, Memphis Mayor A C Wharton marks one year in office with the city filing more than 130 lawsuits in Shelby County Environmental Court against owners of blighted properties. “I’m a lawyer and I’ve gotten to the point where I’m just saying, ‘Hey, I gotta sue somebody,” he says. Wharton says he feels “right at home” in the mayor’s office. “You never see me arguing with council members,” he adds. “Wonder why that is?” The remark is the closest Wharton comes to comparing his governing style to former Mayor Willie Herenton, whose July 2009 resignation set the stage for the October 2009 special election that Wharton won while serving as Shelby County mayor. The contrast in governing styles is one factor in Wharton’s move to City Hall. But Wharton’s relationship with the council is already becoming more complex as he marks one year as mayor.

97. US Home Sales Rebounded in September Despite Tight Supply -

WASHINGTON (AP) — More Americans bought homes in September, many for the first time, despite a persistent shortage of properties for sale.

The National Association of Realtors said Thursday that sales of existing homes rose 3.2 percent from August to a seasonally adjusted annual rate of 5.47 million, the strongest pace since June. Sales rose across the country: 5.7 percent in the Northeast, 5 percent in the West, 3.9 percent in the Midwest and 0.9 percent in the South.

98. Germantown Retail Strip Sells for $1.8 Million -

A Germantown shopping strip has sold for $1.8 million in a Sept. 30 warranty deed.

Kneeland Downs Properties LLC, which lists an address in Fort Myers, Florida, purchased the property at 9435 Poplar Ave. from Patton & Taylor Properties, a Memphis-based general partnership,

99. Big River -

Jim Jackson had it planned. At the third annual Arkansas Delta Flatlander bicycle ride, the 100-kilometer bike ride would become what it was intended to be – a ride across the Mississippi River from West Memphis to Memphis across the northern side of the Harahan Bridge.

100. Office Depot to Close for Thanksgiving -

NEW YORK (AP) – Office Depot Inc. says it will close its stores for Thanksgiving, after three years of being open on the turkey feast.