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Editorial Results (free)

1. As Expected, Study Shows Memphis Lags Behind Peer Cities in Economic Development -

Greater Memphis Chamber leaders say they’re moving aggressively to improve economic development efforts after a new study confirmed what they already suspected: that Memphis and Shelby County are at a serious competitive disadvantage to a number of peer communities.

2. Longtime Tenants Buy Clark Centre for $11M -

Two identical buildings at 5100 and 5101 Wheelis Drive in East Memphis were purchased by a group of longtime tenants for $11 million.

3. Home Sales Volume Rises 8 Percent From Last July -

The average home sale price for July was $186,292, up 7 percent from July 2017 when the average price was $173,610, according to new data from Chandler Reports, a division of The Daily News Publishing Co.

4. Large Subdivision Planned In De-annexed Area -

With plans submitted for a nearly 400-home subdivision, the city of Memphis could be missing out on more tax revenue than it originally anticipated when it recently de-annexed an area of Eads.

PFMT Holdings, a Tennessee limited liability company, is planning a 398-home subdivision on 130 acres at the southeast corner of Highway 64 and Cobb Road.

5. U of M-Area Apartments Sold to Japanese Investor -

A Los Angeles-based company that owns University of Memphis-area apartments has sold its property to a Tokyo-based buyer, according to the Shelby County Register of Deeds.

Win Win Properties LLC sold the apartments at 3380 Spottswood Ave. to Masayuki Tsukada for $2.1 million on Aug. 7.

6. University-Area Apartments Sold to Japanese Investor -

A Los Angeles-based company that owns University of Memphis-area apartments has sold its property to a Tokyo-based buyer, according to the Shelby County Register of Deeds.

Win Win Properties LLC sold the apartments at 3380 Spottswood Ave. to Masayuki Tsukada for $2.1 million on Aug. 7.

7. Home Sales Volume Up 8 Percent From Last July -

The average home sale price for July was $186,292, up 7 percent from July 2017 when the average price was $173,610, according to new data from Chandler Reports, a division of The Daily News Publishing Co.

8. Large Subdivision Planned In De-annexed Area -

With plans submitted for a nearly 400-home subdivision, the city of Memphis could be missing out on more tax revenue than it originally anticipated when it recently de-annexed an area of Eads.

PFMT Holdings, a Tennessee limited liability company, is planning a 398-home subdivision on 130 acres at the southeast corner of Highway 64 and Cobb Road.

9. Loeb Presents Renderings of New Hotel Proposed for Overton Square -

New renderings were released Tuesday of an Overton Square hotel tall enough – at seven stories – for rooftop bar patrons to see much of Midtown, including Overton Park six blocks to the north.

10. Last Word: Cops Stay Put, Day One at SCS and Barry Gibb Comes To Town -

Memphis Police are staying put in their recent move to 170 North Main from the CJC. There has been some question about the former state office building the city bought possibly becoming the site of a second convention center hotel. And that’s where this gets complex.

11. Longtime Tenants Buy Clark Centre for $11M -

Two identical buildings at 5100 and 5101 Wheelis Drive in East Memphis were purchased by a group of longtime tenants for $11 million.

12. MCA Closing On a Dozen Properties Near Park -

Memphis College of Art has either sold or accepted offers on all 12 of the properties it owns just south of Poplar Avenue and Overton Park where the school is headquartered.

The financially strapped college is disposing of its apartment buildings, single-family homes, office and studio/class space, and dormitories in preparation for closing by spring 2020.

13. College of Art Closing on a Dozen Properties it is Selling Near Overton Park Site -

Editor's Note: An earlier version of this story indicated the Womack House at 152 N. Tucker was sold. The transaction was for an easement, not the entire property.

Memphis College of Art has either sold or accepted offers on all 12 of the properties it owns just south of Poplar Avenue and Overton Park where the school is headquartered.

14. Commercial Appeal, Amazon Eying New Locations -

262 Danny Thomas Place
Memphis, TN 38105

Permit Amount: $412 million

Project Cost: $330 million

15. Commercial Appeal Looking at New Spot Downtown -

The Commercial Appeal building was a nexus of local news coverage for Memphis and the Mid-South for nearly a half-century, but The CA won’t be operating out of its 495 Union Ave. location for the first time since the Ford Administration.

16. The CA Looking at New Spot Downtown -

The Commercial Appeal building was a nexus of local news coverage for Memphis and the Mid-South for nearly a half-century, but The CA won’t be operating out of its 495 Union Ave. location for the first time since the Ford Administration.

17. Nashville Public Housing Authority Won't Enforce Smoking Ban -

NASHVILLE (AP) — One Tennessee city says it won't enforce the new national ban on smoking in public housing.

Public housing residents in Nashville recently signed leases that prohibited smoking. But Metropolitan Development and Housing Agency spokeswoman Jamie Berry tells WPLN-FM the housing authority will tack on a grandfathering addendum that lets current tenants smoke.

18. Southwind LA Fitness Sold for $10.7 Million -

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.

19. Senate votes to extend flood insurance program -

WASHINGTON (AP) — The Senate voted Tuesday to extend for four months the program that provides flood insurance for nearly 5 million homeowners and business owners.

The bill's passage by an 86-12 vote averts a scenario in which people living in coastal communities would have been unable to renew their flood insurance policies or purchase new ones during the peak of hurricane season.

20. University of Memphis, Slider Inn Projects Move Forward -

1115 E. Getwell Loop St., Memphis, TN 38152 - Turner Construction Co. is beginning the first phase of a $10.6 million expansion and renovation of the University of Memphis’ athletic training facility on its Park Avenue campus. 

21. New Gym Opening In East Memphis -

SHED Fitness has signed a lease to occupy 4,055 square feet at 1215 Ridgeway Road.

Marcus Esposito and Maureen Shorter Esposito, the local franchise owners, are currently building out their Park Place location, which is expected to open in August.

22. New Gym Opening In East Memphis -

SHED Fitness has signed a lease to occupy 4,055 square feet at 1215 Ridgeway Road.

Marcus Esposito and Maureen Shorter Esposito, the local franchise owners, are currently building out their Park Place location, which is expected to open in August.

23. Young Gun -

While most people were still taking general education classes in college or just trying to figure out their place in the world, Cameron Ellis was investing in real estate.

24. Young Gun -

While most people were still taking general education classes in college or just trying to figure out their place in the world, Cameron Ellis was investing in real estate.

25. Last Word: T.O. Jones, One Beale's Launch and De-Annexation in Trouble -

You might call it the final act of the MLK 50 observances around our city this year. With very little fanfare at the start of Tuesday’s city council session, the council honored T.O. Jones, the leader of the union representing city sanitation workers and the leader of the 1968 strike by those workers. Jones was a pivotal figure in the strike who soon after lost his position with the local union in the internal politics of AFSCME as the local became a powerful political symbol.

26. Carlisle to Partner with Highwoods, Hyatt on One Beale -

For more than a decade the Carlisle family’s dream of their One Beale development becoming a reality always seemed just out of reach. 

But when a visibly emotional Chance Carlisle finally announced Tuesday, July 24, that the on-again, off-again project first envisioned by his late father would finally break ground in January, that dream seemed as close to reality as it ever has. 

27. Council Gets First Look at Sanitation Overhaul -

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.

28. Germantown Retail Center Sells for $13M, Orion Files Permit for New HQ -

1245 N. Germantown Parkway,
Cordova, TN 38016

Sale Amount: $12.6 million

29. Affordable Housing Management Firm Buys Two Memphis Apartment Complexes -

One of the fastest-growing affordable housing property management companies in the U.S. has entered Tennessee with the purchase of two Memphis apartment properties.

Denver-based Monroe Group bought the 150-unit Keystone Landing Apartments, located at 4266 Ridgestone Drive in Raleigh, from Keystone Landing Apartments LLC for $6.5 million. It purchased the 120-unit Pendleton Apartments, located at 1764 Pendleton St. near Cherokee Park, from Pendleton Apartments LLC for $6 million.

30. Faropoint Sells G'town Retail Center for $13M -

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

31. July 20-26, 2018: This week in Memphis history -

2012: Loeb Properties Inc. of Memphis closed on its $7 million acquisition of eight acres of the Overton Square entertainment district from Denver-based Overton Square Investors LLC.

32. Growing Number of Small-Scale Investors Looking Toward Infill Projects -

Eduardo Sanchez Borja, a local entrepreneur who recently ventured into the world of small-scale development, describes owning commercial property as a unique feeling.

“There is something very satisfying about owning something of value,” Sanchez said. “With commercial property, you can see how your property affects your community and moves along the economy.”

33. Comcast Drops Fox Bid, Paving Way for Sale to Disney -

NEW YORK (AP) – Comcast is dropping its bid for Fox's entertainment businesses, paving the way for Disney to boost its upcoming streaming service by buying the studios behind "The Simpsons" and X-Men.

34. Highwoods Pulls Permit For Triad Centre Upgrades -

North Carolina-based Highwoods Properties has filed a $2 million building permit application for some interior changes at East Memphis’ Triad Centre II building. The application for alterations to the first and third floors lists Highwoods as the owner and Bank of America as the tenant.

35. Shrinking Inventory Keeps Home Prices Climbing -

Limited lot space, lack of lumber and a labor shortage are just a few of the reasons behind increasing home sales prices in Shelby County.

In June, the average home sales price was $192,514, an 8 percent increase from $178,655 a year ago, according to real estate information company Chandler Reports, chandlerreports.com.

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

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

37. Amazon, Container Store Eye New Locations in Memphis -

5155 Citation Dr.

Memphis, TN 38118

Permit Amount: $10 million

Application Date: July 10 

Owner: Exeter Property Group

Tenant: Amazon

38. The Container Store Planning G’town Location -

The Container Store, a national retail brand that specializes in storage and organizational products, is planning a Germantown location near Trader Joe’s.

The Texas-based chain applied for a sign variance from the Germantown Design Review Commission for a store that will be located at 2130 Exeter Road in the Germantown Collection Shopping Center. The commission was scheduled to consider the request Thursday night, July 12.

39. Heat Wave -

After what was a banner year in many ways for Memphis commercial real estate in 2017, projections for this year were bullish. But at the halfway point of 2018, have expectations in the area risen with the temperatures or have they begun to dry out under the sweltering summer heat? 

40. The Container Store Planning G’town Location -

The Container Store, a national retail brand that specializes in storage and organizational products, is planning a Germantown location near Trader Joe’s.

The Texas-based chain is seeking a sign variance from the Germantown Design Review Commission for a store that will be located at 2130 Exeter Road in the Germantown Collection Shopping Center.

41. The Container Store Planning Germantown Location -

The Container Store, a national retail brand that specializes in storage and organizational products, is planning a Germanton location near Trader Joe’s.

The Texas-based chain is seeking a sign variance from the Germantown Design Review Commission for a store that will be located at 2130 Exeter Rd. in the Germantown Collection Shopping Center.

42. Bank of Bartlett Eyes An Expanded Footprint to Meet Consumer Demand -

Bank of Bartlett will soon consolidate its two Germantown branches into one enhanced location at Poplar and Kirby, and is eyeing Midtown and Arlington as areas for additional brick-and-mortar branches.

43. Beale Hotel, South Main Mixed-Use Top Busy Week In Development -

It’s a busy week for the city of Memphis when it comes to economic development. The Downtown Memphis Commission has two of its affiliate boards, the Center City Revenue Finance Corp. and the Design Review Board, in action this week, while the Economic Development Growth Engine for Memphis and Shelby County is holding a meeting for its Economic Development Finance Committee.

44. The Week Ahead: July 9-15 -

Good morning, Memphis! This week delivers a blast with some entertainment straight out of the '80s, plus your chance to tour a midcentury property in the midst of a restoration. Plus, we share what you need to know about early voting, I-240 closures, and plenty of other local happenings in The Week Ahead...

45. Helping Hands -

Most mornings it’s not uncommon to see dozens of homeless Memphians lined up outside Hospitality Hub’s Downtown location, hoping to get selected for the nonprofit’s Work Local program, which offers $50 and a meal in exchange for five hours of work cleaning up around the city.

46. Lake District’s Newest Tenant, New Medical District Apartments -

3536 Canada Road,
Lakeland, TN 38002

Tenant: Gould’s Salon and Spa

47. Avison Young Brokers EnSafe Sale-Leaseback -

Avison Young principals Shane Soefker and Jacob Biddle have negotiated the sale-leaseback of environmental consultancy firm EnSafe Inc.’s northeast Memphis headquarters.

48. Taking Flight -

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. 

49. Hot Housing Market: Now a ‘Great Time to Buy, Sell or Refinance’ -

The average home sales price in May was $192,883, a 14 percent increase from $169,540 a year ago, according to real estate information company Chandler Reports, chandlerreports.com.

50. Avison Young Brokers EnSafe Sale-Leaseback -

Avison Young principals Shane Soefker and Jacob Biddle have negotiated the sale-leaseback of environmental consultancy firm EnSafe Inc.’s northeast Memphis headquarters.

51. EdR to Be Acquired In $4.6 Billion Deal -

Memphis-based collegiate housing developer and manager EdR has entered into an agreement to be acquired by the newly formed, perpetual-life fund Greystar Student Housing Growth and Income Fund in a $4.6 billion all-cash transaction.

52. U.S. new-home sales climbed 6.7 percent in May -

WASHINGTON (AP) — Sales of new U.S. homes jumped 6.7 percent in May, with purchases in the South accounting for all of the monthly gains.

The Commerce Department said Monday that new homes sold last month at a seasonally adjusted annual rate of 689,000, up from 646,000 in April. The South reported monthly sales growth of 17.9 percent, while sales were flat in the Midwest and fell in the Northeast and West.

53. EdR to be Acquired in $4.6 Billion Deal -

Memphis-based collegiate housing developer and manager EdR has entered into an agreement to be acquired by the newly-formed, perpetual-life fund Greystar Student Housing Growth and Income Fund in a $4.6 billion all-cash transaction.

54. Sanders says she was told to leave Virginia restaurant -

WASHINGTON (AP) — White House press secretary Sarah Huckabee Sanders was booted from a Virginia restaurant because she works for President Donald Trump, setting off a fierce debate about whether politics should play a role in how administration officals are treated in public.

55. Avison Young Brokers Sale-Leaseback of EnSafe HQ -

Avison Young principals Shane Soefker and Jacob Biddle have negotiated the sale-leaseback of environmental consultancy firm EnSafe Inc.’s northeast Memphis headquarters.

56. Events -

The Shelby County Real Estate Road Show, co-sponsored by the Shelby County Trustee’s Office and Chandler Reports, is Thursday, June 21, from 5:30 p.m. to 7 p.m. (registration 5 p.m.) at Memphis Botanic Garden, 750 Cherry Road. Learn about the county’s tax sale process and anti-blight initiative, plus how to buy properties through Shelby County Land Bank. Cost is free. Register at rersmemphis621.eventbrite.com.

57. Events -

Creative Aging’s Senior Arts Series continues Wednesday, June 20, at 1:30 p.m. at Theatre Memphis, 630 Perkins Road Extended. The performance features Creative Aging jazz and blues artist Deborah Swiney and highlights from Theatre Memphis’ “42nd Street.” Tickets available online or at the door for a minimum donation of $5 (cash or check). Visit creativeagingmidsouth.org.

58. Events -

Talk Shoppe will meet Wednesday, June 20, from 9 a.m. to 10 a.m. at Pinot’s Palette, 8225 Dexter Road, suite 103. A Dress for Success representative will present “Career 101: What Not to Wear.” Cost is free. Visit talkshoppe.com.

59. Council To Review ‘Shared Mobility’ Rules For Scooters, Bike Share -

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.”

60. Why Many Americans Aren't Benefiting From Robust US Economy -

WASHINGTON (AP) – "The economy," Federal Reserve Chairman Jerome Powell declared this week, "is doing very well."

And it is. Steady hiring has shrunk unemployment to 3.8 percent – the lowest since the 1960's. Consumers are spending. Taxes are down. Inflation is tame. Factories are busy. Demand for homes is strong. Household wealth is up.

61. After AT&T-Time Warner Win, Is Comcast-Fox a Done Deal? -

NEW YORK (AP) – Comcast will likely bid for Fox's entertainment business as early as Wednesday now that a federal judge has cleared AT&T's $85 billion takeover of Time Warner.

If Comcast succeeds in outbidding Disney for Fox, a major cable distributor would control even more channels on its lineup and those of its rivals. There are fears that it could lead to higher cable bills or hinder online alternatives.

62. Lake District Lands Malco Theater, Former Benchmark Seeks New Life -

3536 Canada Road,
Lakeland, TN 38002

Tenant: Malco Theatres Inc.

Tenant’s Agent: Michael Lightman, Michael Lightman Realty

Landlord: The Lake District

63. Tenn. Brewery’s 1st Phase 100 Percent Leased -

The first phase of the Tennessee Brewery development is now completely leased, according to multifamily investment and property management company Fogelman Properties.

Since opening its doors December 2017, the Tennessee Brewery has become the real estate company’s fastest “opening to stabilization” community to date.

64. $20M Permit Filed For Bakery Apartments -

The team redeveloping the Wonder Bread bakery and several nearby properties has filed a $20 million building permit application for the apartment portion of the $73 million mixed-use project.

LRK was tapped to handle the design work, while Montgomery Martin Contractors will head up the construction.

65. SE Memphis Industrial Property Sells for $7.6M -

Huntington Industrial Partners, doing business as HIP 3527-3543 Lamar Avenue LLC, has acquired a roughly 18-acre industrial property in southeast Memphis for $7.6 million.

66. Home Equity Boosts US Household Wealth 1 Pct. to $100.8T -

WASHINGTON (AP) – Increased home prices boosted U.S. household net worth 1 percent in the January-March quarter to crack $100 trillion for the first time.

The Federal Reserve said Thursday that home values rose $500 billion, offsetting a decline in stock portfolios of $400 billion. Overall household wealth rose to $100.8 trillion from $99.7 trillion in the October-December quarter.

67. $20M Permit Filed for Bakery Apartments -

The team redeveloping the Wonder Bread bakery and several nearby properties has filed a $20 million building permit application for the apartment portion of the $73 million mixed-use project.

LRK was tapped to handle the design work, while Montgomery Martin Contractors will head up the construction.

68. Last Word: Our Un-Signature, City Hall Beat Down and Lamar Avenue -

The first thing most people notice when they realize there is lots of development going on in Memphis but that its quite different than Nashville’s brand of development is that you don’t see nearly as many construction cranes here as you do there. It’s become an un-signature of sorts for what is an ongoing remake of Memphis. We adapt and use for new purposes. We also move institutions around, it turns out.

69. Highly Visible -

Sometimes in business timing is everything. And when it comes to the relationship between FirstBank and Gill Properties that’s certainly the case. When Jeff Hudson was hired three years ago, one of his goals was to relocate FirstBank’s commercial offices and regional headquarters into a highly trafficked area with good visibility and easy access for their clientele.

70. Hollywood Feed Promotes Ross To Director of Marketing -

Anne Ross has been promoted to director of marketing at Hollywood Feed. Having been with the Memphis-based natural pet food chain for more than five years, she now oversees all of the company’s marketing and communication efforts throughout the region in its 70 stores.

71. Last Word: Storm Damage, Overton Square Parking and Corker's Tariff Plan -

The week begins with recovery across the river in Arkansas where high winds, possibly tornadoes, did quite a bit of damage Saturday evening – the Delta Regional Airport just outside Colt in St. Francis County destroyed, by the National Weather Service preliminary damage estimate Sunday.

72. Fogelman: Tennessee Brewery’s First Phase 100 Percent Leased -

The first phase of the Tennessee Brewery development is now completely leased, according to multifamily investment and property management company Fogelman Properties.

Since opening its doors December 2017, the Tennessee Brewery has become the real estate company’s fastest “opening to stabilization” community to date.

73. Malco Sues Overton Square Landlord Over Lack of Parking -

Memphis-based Malco Theatres Inc. is suing Overton Square landlord Loeb Properties over the dwindling number of parking spaces surrounding Studio on the Square.

The movie theater chain alleges net profits from Studio on the Square have been reduced as a result of insufficient free parking, which Malco claims is in violation of a long-standing lease agreement, according to documents filed in Shelby County Chancery Court.

74. Editorial: 100 North Main’s Better Days Come With Lessons -

No matter what spot is chosen for Memphis’ second convention center hotel, what comes with it is certain to change the gap between Civic Center Plaza and a thriving residential and retail area on the Main Street Mall.

75. 100 North Main -

The city’s tallest building, the 37-story 100 North Main Building – may or may not become the city’s second convention center hotel. But the skyscraper that has been vacant for four years and counting is the centerpiece of a 3-acre planned commercial complex anchored by a 600-room hotel, no matter where it winds up in the footprint. The complex, as much as the hotel, promises to change more than the city’s convention business.

76. Businesses Seek to Expand Opportunities for Disabled Workers -

NEW YORK (AP) – On any weekday morning, Miles Thornback is working on marketing campaigns for real estate agents or dealing with tricky tech issues at the office.

Thornback, who has cerebral palsy, got hired three years ago at the RE/MAX Prestige real estate agency in Costa Mesa, California, after the owners heard that he'd spent six years applying for jobs at hundreds of companies and finding nothing but negative mindsets.

77. Tackling Transit, Reappraisal at Once Not Smart -

Nashville’s Metro Council is taking the hit for falling asleep at the wheel in a period of unprecedented prosperity and waking up to a budget shortfall in mid-2018.

“We’ve been drunken by our growth and the label of the It City,” Councilwoman Tanaka Vercher admits. “But this is what happens in growth. It stabilizes.”

78. Merging Past, Present -

The Medical Arts Building at the corner of Madison Avenue and Fourth Street in Downtown Memphis, much like its hometown, has seen its share of ups and downs for nearly a century.

But as the city continues to reinvent itself, Walk-Off Properties, the building’s current owner, is also in the process of reimaging the iconic property.

79. Blockparty To Enhance U of M’s Tiger Lane Experience in ’18 -

Just a few years ago, it was a struggle to get fans to show up for University of Memphis football games at Liberty Bowl Memorial Stadium. Losing was the norm, Tiger Lane as it exists now was just wild imagination, and the notion of the school having use for a professional tailgating partner would have been lunacy.

80. Bitcoin Fans Rave, But Understand It’s Still a Risky Business -

By now, anyone who follows Wall Street even slightly has heard of cryptocurrency and its most famous spawn – bitcoin, which launched in 2009 but grabbed headlines last year for its wild swings in valuation.

81. Crosstown Crossroads -

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

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

82. Comcast v. Disney: A Fight for Twenty-First Century Fox -

NEW YORK (AP) – Comcast and Disney are on the verge of a head-to-head bidding war for Fox's entertainment properties.

The potential battle for Twenty-First Century Fox comes as traditional entertainment companies try to amass more properties to compete better with technology companies such as Amazon and Netflix for viewers' attention – and dollars.

83. Court Upholds Cutting $150M in Opry Mills Mall Flood Coverage -

NASHVILLE, Tenn. (AP) – In a blow to the owner of Opry Mills Mall, the Tennessee Supreme Court has let stand a lower court's ruling that stripped $150 million of insurance coverage for the 2010 flood.

84. Sleep Out Louie’s Reopens Tuesday -

The reincarnation of Downtown bar Sleep Out Louie’s opens Tuesday, May 22, more than a decade after it closed.

Sleep Out Louie’s, whose 19-year run on Union Avenue between Front and North Main streets ended in 2007, is reopening at 150 Peabody Place. The new location is in what was once the Peabody Place mall and is now ServiceMaster’s global headquarters, and the bar has an entrance inside the complex as well as a street entrance.

85. Faropoint, Belz Sell of Part of Retail Portfolio -

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.

86. Faropoint Sells Two Olive Branch Retail Centers -

Faropoint Ventures continues to remain active in the greater Memphis area with the sale of two Olive Branch retail centers for a combined $9.2 million.

NAI Saig Co. executive vice president Brian Califf and Elliot Embry negotiated the sale of the more than 54,000 square feet of retail space by representing Faropoint in the deal.

87. Three Projects Get Green Light from EDGE Board -

The Economic Development Growth Engine for Memphis and Shelby County approved a trio of projects that could create as many as 255 new jobs and retain nearly 300 more during a busy Wednesday, May 16, agenda. 

88. Faropoint Sells Two Olive Branch Retail Centers for Almost $10M -

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.

NAI Saig Co. executive vice president Brian Califf and Elliot Embry negotiated the sale of the more than 54,000 square feet of retail space by representing Faropoint in the deal.

89. Faropoint Converting ‘Diamond In The Rough’ -

So far this year Faropoint Ventures has already acquired $37 million in property in the Memphis area and has its sights set on another $38 million by year’s end.

But of all those properties, one in particular stood out to NAI Saig Co.’s Hank Martin and Brian Califf, who are representing Faropoint in the Memphis market.

90. Nobel-Winning Tech at Heart of Rubber Band Improvements -

HOT SPRINGS, Ark. (AP) – While it may seem a stretch, an Arkansas company and a university in southeastern England want to use Nobel Prize-winning technology to build a better rubber band.

91. Last Word: Singletary to Memphis, County Budget Notes and Buying NIN Tickets -

It’s not a done deal yet. But there is at least the framework of a plan for the city’s tallest building. The city has signed a letter of intent with the current owners to convert the 100 North Main Building to a convention center hotel with retail, meeting space and a parking garage with a timeline to have this built and open for business by the end of 2022 – two years after the $175 million renovation of the Memphis Cook Convention Center is to be completed.

92. Local Entrepreneur Bringing Old Properties Back To Life One Building at a Time -

Being a developer is something that local entrepreneur Eduardo Sanchez Borja has always been interested in, but has never really had the time to do.

But with his two staffing companies, Inspire Hotel Staffing and Supreme Staffing, doing well, he figured the time was right to take a leap of faith.

93. County Home Sales Rise 13 Percent in April -

Spring has sprung and that means the busy season for home buying and selling is in full bloom.

In April, the average home sales price rose to $168,835, a 7 percent increase from April a year ago, according to real estate information company Chandler Reports, chandlerreports.com.

94. Council Gives Final Approval to Speedway Terrace Historic District Status -

Memphis City Council members approved historic overlay district status Tuesday, May 8, for the Speedway Terrace neighborhood north of Crosstown Concourse. The approval on third and final reading of the ordinance is the second approval in a month of a district whose standards are governed by the Memphis Landmarks Commission.

95. Last Word: Making Memphis Easier, Strickland on Graceland and Construction Jobs -

Some of the BSMF reviews in from this past weekend are thumbs up for the way Memphis In May has ramped up what you might call its infrastructure around Uber, Lyft and little items like muddy boots for the increasing number of Memphians and visitors who are ready to go no matter what the weather is doing. And they may opt for some other way into Downtown beyond driving a car and finding a parking place and walking, especially when there’s a drop off at the northern end of the music festival. Even a fire hydrant water flow to take the mud off your boots. We can make Memphis easier with less effort than we think at the outset.

96. Fogelman Properties Adds VP of Acquisitions -

Fogelman Properties has appointed Mike Aiken vice president of acquisitions, a newly created position at the Memphis-based multifamily real estate services company.

97. Two Large Industrial Portfolios in Southeast Memphis Sold -

4049 Willow Lake Blvd., Memphis, TN 38118 (portfolio)

Sale Amount: $21.8 million

Buyer: Faropoint Ventures

Buyer Rep: Brian Califf, NAI Saig Co.

98. 2nd-Longest US Expansion on Record Keeps Churning Out Jobs -

WASHINGTON (AP) – The U.S. economy has delivered steady if only modest gains for most Americans since the Great Recession ended in 2009. It's been a frustration for many.

Yet the very sluggishness of the economic expansion helps explain why it's now the second-longest on record and why more of the country might soon benefit from higher pay.

99. Faropoint Grows Portfolio By Nearly 1M Square Feet -

Faropoint Ventures has purchased another batch of properties in the Memphis area, effectively increasing its local footprint by almost 1 million square feet.

NAI Saig Co. executive vice president Brian Califf represented Faropoint in the $21.8 million multiproperty deal.

100. 3D Realty Plans to Bring Additional Mixed-Use Communities to Memphis -

Fresh off the Shelby County Board of Adjustment’s April 25 unanimous vote to advance 3D Realty’s mixed-use community underneath the iconic Broad Avenue water tower, James Maclin says the company doesn’t intend on slowing down anytime soon.