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Editorial Results (free)

1. Possible Trader Joe’s Update, New $35M Airport Facility -

2130 Exeter Road

Germantown, TN 38138

Sale Amount: $8.1 million

Sale Date: Dec. 11, 2017

Buyer: Wicker Park Capital Management

Seller: Robert H. Schwab

2. Popular Dessert Shop Opening Second Location -

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

3. Cooper-Young Historic District, Shelby Farms Mixed-Use Project Approved by LUCB -

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.

4. Disney Buying Large Part of 21st Century Fox in $52.4B Deal -

NEW YORK (AP) – Disney is buying the Murdoch family's Fox movie and television studios and some cable and international TV businesses for about $52.4 billion, as the home of Mickey Mouse tries to meet competition from technology companies in the entertainment business.

5. Popular Dessert Shop Opening Second Location -

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

6. Shelby County Housing Market Remains Strong -

As the year winds to a close, Shelby County home sales remained strong in November, continuing the nearly uniform rise in average sales price, volume and overall units that has been indicative of the local housing market in 2017.

7. Trader Joe’s Still Mystery As Developers Buy Old Kroger -

Developers planning to renovate the old Kroger location at 2130 Exeter Road in Germantown have bought out the property’s previous owners in a multimillion-dollar deal.

8. Developers of Old Kroger Site Buy Property for $8M -

The developers planning the renovations of the old Kroger location at 2130 Exeter Road have bought out the property’s previous owners in a multimillion-dollar deal.

Savannah, Georgia-based Wicker Park Capital Management, doing business as 2130 Exeter Road Holdings, has acquired the site from previous owner Robert H. Schwab for $8.1 million, according to warranty deed filed with the Shelby County Register on Dec. 11.

9. Piece by Piece: Construction Projects Flourishing Throughout Mid-South -

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.

10. Spikner Plans Shipping-Container Apartment Complex -

126 N Bellevue Blvd.,
Memphis, TN 38104 

Application Date: Dec. 20, 2017

11. ALCO to Renovate Two Affordable Housing Sites -

Memphis-based affordable housing management company ALCO Management Inc. has announced two of its properties, Eastern Heights and Creekwood Apartments, will undergo an $8 million upgrade using funding from financial and governmental partnerships, since both locations are considered affordable housing properties.

12. Prologis Continues Selling Spree in Memphis -

San Francisco-based logistics real estate firm Prologis Inc. is continuing its selling streak in Memphis with the sale of four properties to Denver, Colorado-based Triumph Real Estate Corp. for a combined $11.3 million.

13. Construction to Begin On Old Kroger Site -

A $90,000 building permit application has been filed to remove the facade of the old Kroger building at 2130 Exeter Road in Germantown.

14. Baker Donelson Honored With M&A Deal Award -

Memphis-based law firm Baker Donelson has been named a winner in the 16th Annual M&A Advisor Awards.

The annual awards, presented by media outlet “The M&A Advisor,” recognize the industry's leading mergers and acquisitions dealmakers.

15. Baker Donelson Honored With M&A Deal Award -

Memphis-based law firm Baker Donelson has been named a winner in the 16th Annual M&A Advisor Awards.

The annual awards, presented by media outlet The M&A Advisor, recognize the industry’s leading mergers and acquisitions dealmakers.

16. Prologis Continues Selling Spree in Memphis -

San Francisco-based logistics real estate firm Prologis Inc. is continuing its selling streak in Memphis with the sale of four properties to Denver, Colorado-based Triumph Real Estate Corp. for a combined $11.3 million.

17. Construction to Begin On Old Kroger Site -

A $90,000 building permit application has been filed to remove the facade of the old Kroger building at 2130 Exeter Road in Germantown.

18. ALCO to Renovate Two Affordable Housing Sites -

Memphis-based affordable housing management company ALCO Management Inc. has announced two of its properties, Eastern Heights and Creekwood Apartments, will undergo an $8 million upgrade using funding from financial and governmental partnerships, since both locations are considered affordable housing properties.

19. Meredith Buying Time Inc. for About $1.8 Billion -

NEW YORK (AP) – Magazine and broadcasting company Meredith is buying magazine publisher Time for about $1.8 billion, with help from the billionaire Koch brothers, to bulk up on readers as the publishing industry navigates the difficult transition to digital from print.

20. Destined for Greatness -

A modest eight-unit apartment building in the shadows of the $200 million Crosstown Concourse may not carry the name value or financial gravitas of its massive neighbor, but for a group of local kids, it has the chance to change their lives.

21. Lenox Park Offices Sell for $5.3 Million -

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.

22. Airline Defendants to Pay $95 Million in 9/11 Settlement -

NEW YORK (AP) – Insurers for American Airlines, United Airlines and other aviation defendants have agreed to pay $95 million to settle claims that security lapses led planes to be hijacked in the Sept. 11 attacks.

23. 8 Tennessee Sites Added to Historic Places Register -

NASHVILLE, Tenn. (AP) – Eight Tennessee properties have been added to the National Register of Historic Places.

The Tennessee Historical Commission announced Tuesday the additions to the list of cultural resources worthy of preservation.

24. Council Moves Toward Alcohol on Main Street -

Memphis City Council members delayed a final vote Tuesday, Nov. 21, on an ordinance that sets out options for the removal of statues of Nathan Bedford Forrest and Jefferson Davis in city parks, but moved forward on a proposal to allow open alcohol containers and consumption on Main Street.

25. Lenox Park Offices Sell for $5.3 Million -

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.

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

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

27. Faropoint Buys 2 Properties After Trustmark Centre Sale -

Fresh off of the sale of Trustmark Centre, Faropoint Ventures has acquired two more substantial office assets.

The Israeli investment firm bought the Lipscomb & Pitts Building, 2670 Union Ave. Extended, and Poplar Towers, 6263 Poplar Ave., for a combined $19.3 million using capital from the Trustmark Centre sale. The purchase also includes the high-end restaurant Fleming’s, 6245 Poplar, and an AT&T store at 6267 Poplar, both outparcels to Poplar Towers.

28. Boutique Fitness Studio Plans Memphis Location -

An Arkansas-based fitness boutique is building out its first Memphis location, with plans to open early next year.

ZenStudio Fitness is under construction in 2,790 square foot at 5270 Poplar Ave., on the north side of Poplar east of South White Station Road. The full-service studio offers indoor cycling, barre, yoga, pilates, bounce and interval training classes in a boutique setting.

29. Germantown Panel OKs Plan for Old Kroger Site -

At its Tuesday, Nov. 7, meeting, the Germantown Planning Commission advanced a trio of developments that included a revised final site plan for the Germantown Collection Shopping Center, a 310-unit multifamily development, and Germantown’s new elementary school.

30. Buyers Keep Coming -

October was another solid month for the local housing industry. The average home sales price rose to $168,272, a 13 percent increase from October a year ago, according to real estate information company Chandler Reports, chandlerreports.com.

31. Sears Posts Decline in Q3 Revenue Due to Store Closures -

NEW YORK (AP) – Sears says it has a deal with the federal pension insurance agency to release 140 properties from certain restrictions in exchange for $407 million in pension contributions, some relief for once-storied department store chain.

32. Germantown Planning Board OKs Plan for Old Kroger Site -

At its Tuesday, Nov. 7, meeting, the Germantown Planning Commission advanced a trio of developments that included a revised final site plan for the Germantown Collection Shopping Center, a 310-unit multifamily development, and Germantown’s new elementary school.

33. G’town Planning Commission Approves Plans for Old Kroger Site, New Multifamily -

At its Tuesday, Nov. 7 meeting, The Germantown Planning Commission advanced a trio of developments that included a revised final site plan for the Germantown Collection Shopping Center, a 310-unit multifamily development, and Germantown’s new elementary school.

34. Airbnb Eyes '6-Figure' Nashville Ad Buy Amid Regulation Push -

NASHVILLE, Tenn. (AP) – Airbnb says it is launching a "six-figure" advertising buy on TV airwaves and online as Nashville officials consider more regulation on short-term rentals.

According to The Tennessean , Airbnb declined to say exactly how much the ad blitz will cost.

35. Boutique Fitness Studio Plans 1st Memphis Location -

An Arkansas-based fitness boutique is building out its first Memphis location, with plans to open early next year.

ZenStudio Fitness is under construction in 2,790 square foot at 5270 Poplar Ave., on the north side of Poplar east of South White Station Road. The full-service studio offers indoor cycling, barre, yoga, pilates, bounce and interval training classes in a boutique setting.

36. Last Word: The Run, 70 Million Gallons a Day and More Shipping Containers -

This will be another busy week on the political front with more candidates declaring their intentions in advance of Thanksgiving. Meanwhile, Republican contender for governor Randy Boyd ends his run across the state Tuesday morning on Mud Island – a variation on Lamar Alexander’s walk across the state in the 1978 Republican primary for Governor that remains a part of the state’s political folklore almost 40 years later.

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

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

38. Exeter Closes on Fifth Major Purchase in October -

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

39. TraVure Developer Unveils East Memphis Project -

With two highly-anticipated developments already in the works, Gill Properties has announced plans for a new mixed-use development East Memphis.

Known as The Grove at White Station, the new office/retail development will be located on South White Station Road just north of Poplar Avenue.

40. University of Memphis Moves Ahead With Campus Changes -

After completing the Laurie-Walton Family Basketball Center practice facility on its Park Avenue campus, the University of Memphis recently pulled a $33.5 million permit to start construction on the parking garage and land bridge over the Southern Avenue railroad tracks – the most-immediate indication of changes on the main campus in the next three to five years.

41. City Judges Timing and Steps in Fairgrounds Planning -

City of Memphis leaders likely will reveal a few new details when they present the draft plan for Mid-South Fairgrounds redevelopment at a Monday, Nov. 6, town hall meeting. But Mayor Jim Strickland’s administration took much of the suspense and speculation out of next week’s session Wednesday, Nov. 1, releasing details that show the administration’s general belief that a few steps still need to be taken before the city gets to a broad reconfiguration of the Fairgrounds.

42. City Fairgrounds Plan Keeps Coliseum on Hold -

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.

43. Hilton Will Pay $700,000 to Settle Case Over Data Breach -

NEW YORK (AP) – Hotel operator Hilton will pay $700,000 to settle an investigation into two separate data breaches that exposed more than 350,000 credit card numbers.

The New York attorney general, who conducted an investigation along with his counterpart in Vermont, said Tuesday that one breach began in November 2014 and another in April 2015 but Hilton didn't tell consumers until November 2015.

44. Trustmark Centre Sells for Nearly $20M -

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

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

45. Trustmark Centre Sells for Nearly $20M -

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

In the deal, Nashville-based Magnolia Capital Investments purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investors, Farpoint Investments.

46. Exeter Closes on Fifth Major Purchase in October -

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

47. Air Force Vet Opens Local Maintenance Franchise -

Not too long after Scott Romero returned home from Afghanistan, he felt the need to do something bigger with his life and after good deal of soul searching, the former firefighter decided to become his own boss.

48. Real Estate Market In Focus At Seminar -

The Daily News will host its annual Commercial Real Estate Review & Forecast Seminar on Thursday, Nov. 2, at the Memphis Brooks Museum of Art, 1934 Poplar Ave.

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

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

50. Pennsylvania Investor Buys More Memphis Property -

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

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

51. Construction Continues On Hickman Building -

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

52. Trader Joe’s Not Mentioned In Germantown Site Review -

Plans for the renovation of the old Kroger building at 2130 Exeter Road were publicly reviewed by Germantown planning officials for the first time since the previous developer, Centennial American Properties, pulled out of the project in May.

53. Commercial Developers See Bright Future With Collierville's Growth -

The town of Collierville has been enjoying strong development activity in all sectors over the past several years, fueled by the area’s strong schools, low crime rate, plentiful amenities and an abundance of developable land.

54. No Mention of Trader Joe’s at Germantown Site Review -

Plans for the renovation of the old Kroger building at 2130 Exeter Road were publicly reviewed by Germantown planning officials for the first time since the previous developer, Centennial American Properties, pulled out of the project in May. 

55. Construction Continues On Hickman Building -

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

56. Last Word: Corker's Quest, Overton Park Transition and The Two Amazons -

The basic political differences between President Donald Trump and U.S. Senator Bob Corker of Tennessee returned to the top of the news cycle Tuesday with an extraordinary airing by the two leaders that went beyond Twitter, at least for Corker. Here is the basic account from Associated Press of what was a story that unfolded over the course of a work day in the Beltway. It was a day that included Trump going to Capitol Hill for a meeting with Republican Senators, including Corker.

57. Fogelman Properties Adds Day As Senior VP of Investments -

Matthew Day has joined Fogelman Properties as senior vice president of investments. Day comes to the Memphis-based multifamily real estate services company with 15 years of investment experience and will spearhead its investment platform across the Southeast, Southwest and Midwest regions.

58. Pennsylvania Investment Group Makes $34.5M Splash -

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

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

59. Publisher of New Tri-State Defender Dies -

Bernal E. Smith II, president and publisher of The New Tri-State Defender newspaper, died Sunday, Oct. 22, at his home, according to Smith’s family.

Smith, 45, oversaw the resurrection of the legacy African-American owned newspaper starting in 2010.

60. Bernal Smith II, Publisher of New Tri-State Defender Dies -

Bernal E. Smith II, president and publisher of The New Tri-State Defender newspaper, died Sunday, Oct. 22, at his home, according to Smith’s family.

Smith, 45, oversaw the resurrection of the legacy African-American owned newspaper starting in 2010.

61. ‘Tiger Eye’ Mural Goes Up On Highland Strip -

The Highland Strip, Loeb Properties’ shopping destination just west of the University of Memphis campus, is showing its team spirit with a new “Tiger Eye” mural.

The mural, designed by the Loeb Properties team and located on the wall of Burgerim at 569 S. Highland St., was installed over several days by SignWorks Memphis using a special heat-gun application that stretched print material over the wall to adhere onto the wall face and into the mortar between the bricks.

62. EPA, Herbicide Makers Agree on Dicamba Rules -

The Trump administration has reached a deal with three major agribusiness companies for new voluntary labeling requirements for a controversial herbicide blamed for damaging crops.

The Environmental Protection Agency reached an agreement with Monsanto, BASF and DuPont regarding the application of dicamba, which is used to control weeds in fields of genetically modified cotton and soybeans. Farmers who don’t buy the resistant seeds sold by the herbicide makers have complained that dicamba sprayed on neighboring properties drifts over and harms their crops, resulting in temporary bans issued last summer by state officials in Arkansas and Missouri.

63. Skincare Store to Open In Trinity Shopping Center -

Third-generation soap maker Carol Cook-Scobey will open her first brick-and-mortar Essentially Divine Natural Skincare store in Cordova’s Trinity Creek Shopping Center, 7865 Trinity Road, on Wednesday, Oct. 25, at 4:30 p.m.

64. DMC Acquires Main Street Building, Will Issue RFP -

Members of the Center City Development Corp. have approved an option contract to purchase a 29,000-square-foot building at 18 S. Main St. with the hopes issuing an RFP (request for proposal) to prospective developers interested in buying and renovating the property.

65. As Temps Drop, Shelby County Home Sales Continue to Rise -

As the temperatures cool, the Memphis-area housing market typically does too, but September home sales figures in Shelby County continued to outperform those of previous years.

The average home sales price in September increased 8 percent to $171,929 compared to a year ago, according to real estate information company Chandler Reports, chandlerreports.com. Germantown East’s 38139 ZIP code recorded the highest average price for the month, at $445,117.

66. Skincare Store to Open In Trinity Shopping Center -

Third-generation soap maker Carol Cook-Scobey will open her first brick-and-mortar Essentially Divine Natural Skincare store in Cordova’s Trinity Creek Shopping Center, 7865 Trinity Road, on Wednesday, Oct. 25, at 4:30 p.m.

67. DMC Acquires Main Street Building, Will Issue RFP -

Members of the Center City Development Corp. have approved an option contract to purchase a 29,000-square-foot building at 18 S. Main St. with the hopes issuing an RFP (request for proposal) to prospective developers interested in buying and renovating the property.

68. EPA, Herbicide Makers Agree To New Dicamba Usage Rules -

The Trump administration has reached a deal with three major agribusiness companies for new voluntary labeling requirements for a controversial herbicide blamed for damaging crops.

The Environmental Protection Agency reached an agreement with Monsanto, BASF and DuPont regarding the application of dicamba, which is used to control weeds in fields of genetically modified cotton and soybeans. Farmers who don’t buy the resistant seeds sold by the herbicide makers have complained that dicamba sprayed on neighboring properties drifts over and harms their crops, resulting in temporary bans issued last summer by state officials in Arkansas and Missouri.

69. Brooks Pursues Riverfront Site for New Museum -

The board of the Memphis Brooks Museum of Art announced Tuesday, Oct. 17, it is working with city government to relocate the museum from its Overton Park home to a Downtown site on Front Street between Union and Monroe avenues.

70. ‘Tiger Eye’ Mural Goes Up On Highland Strip -

The Highland Strip, Loeb Properties’ shopping destination just west of the University of Memphis campus, is showing its team spirit with a new “Tiger Eye” mural.

The mural, designed by the Loeb Properties team and located on the wall of Burgerim at 569 S. Highland St., was installed over several days by SignWorks Memphis using a special heat-gun application that stretched print material over the wall to adhere onto the wall face and into the mortar between the bricks.

71. Shelby County to Overhaul Criminal Justice Center -

201 Poplar Ave.
Memphis, TN 38103

Permit Amount: $17 million

Application Date: October 2017

72. Apartment Community Sells for $50 Million -

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

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

73. Collierville Home Prices Reach Record High -

Through the first nine months of this year, average home sales prices in Collierville have reached a record high of $344,845, up 4 percent from $331,456 during the same period of 2016.

Average home sales prices peaked in Collierville during the height of the market in 2007, when the average price for the year was $330,579.

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

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

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

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

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

76. Outdoors Retailer REI Plans First Memphis Store -

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

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

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

78. Outdoors Retailer REI Planning First Memphis Store -

5895 Poplar Ave.
Memphis, TN 38119

Permit Amount: $900,000

Owner: Weingarten Realty

Tenant: REI

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

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

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

80. CBRE Chosen To Lease Southwind Office Center -

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

81. Brooks Museum Eyes Downtown Fire Station Site -

Brooks Museum officials are considering relocating to a Downtown site at Front Street and Union Avenue that is currently occupied by the Memphis Fire Department headquarters.

While officials with the city and the museum would not comment, the idea of putting a “cultural amenity” on the river side of Front Street between Union and Monroe avenues first surfaced about two months ago.

82. 2 Cooper St. Projects In Midtown Seek Incentives -

Two separate Midtown projects, both located on Cooper Street, are seeking 11-year tax abatements from the Downtown Memphis Commission’s Center City Revenue Finance Corp. board.

83. Brooks Museum Eyes Downtown Fire Station Site -

The city fire station at Union Avenue and Front Street and the adjacent parking garage appears to be under consideration as the new site for the Memphis Brooks Museum of Art, according to a source close to the situation who did not want to be identified by The Daily News.

84. Two Midtown Projects Apply for Tax Incentives -

Two separate Midtown projects, both located on Cooper Street, are seeking 11-year tax abatements from the Downtown Memphis Commission’s Center City Revenue Finance Corp. board.

The first project, located at 663 and 673 Cooper St., is an office/residential mixed-use development submitted by filament LLC, the development wing of local architectural firm, archimania.

85. CBRE to Handle Leasing for Southwind Office Center -

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

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

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

87. DHL Planning New Memphis Distribution Facility -

0 Tchulahoma Rd.
Memphis, TN 38118

Tenant: DHL Supply Chain

Landlord: Belz Enterprises

88. Crosstown Crossroads -

For the past 90 years, Crosstown has seen its share of ups and downs. In the beginning, it was a shining beacon for the city’s eastward expansion; at its height, it anchored several vibrant and diverse neighborhoods; and at its lowest, Crosstown became the poster child for once-great inner-city areas of Memphis that had deteriorated.

89. DHL Planning New Memphis Distribution Facility -

International shipping giant DHL Supply Chain is planning a massive new development just north of the Tennessee-Mississippi state line.

The global logistics division of Germany’s Deutsche Post DHL Group is looking to build a 580,000-square-foot distribution facility on 55 acres of vacant land east of Tchulahoma Road and west of Meltech Boulevard on the northern border of the state line.

90. High-Def Experience Awaits Grizzlies, Tigers Fans -

The Memphis Grizzlies recently held a small reception at FedExForum to show off improvements, and the biggest one – literally – was a new video board hanging over the court that offers four times the amount of display space as the previous scoreboard.

91. Raycom Media, Community Newspaper Holdings Announce Merger -

MONTGOMERY, Ala. (AP) – Two media organizations that own dozens of newspapers and television stations around the nation, including a Memphis TV station, are announcing a merger.

Community Newspaper Holdings Inc. said in a statement Monday that it and Raycom Media Inc. have agreed to merge into a new privately owned media group.

92. GPAC Planning New Open-Air Venue -

1801 Exeter Road, Germantown, TN 38138

Owner: Germantown Performing Arts Center

93. Massachusetts Investor Buys Warehouse on Delp -

Wellesley, Massachusetts-based Trident Capital Group has purchased a 150,000-square-foot industrial facility in the airport submarket for $3.5 million.

Trident, doing business as TCG 4290 Delp LLC, bought the warehouse at 4290 Delp St. from a group of investors comprised of three individual entities, according to a warranty deed filed with the Shelby County Register Sept. 19. Ronald Baumgarten with RNB Interests controlled 55 percent of the selling entity, while Brett Baumgarten with BRB Interests and Brett Keeshin with BAK Interests controlled 22.5 percent each.

94. Overton Square Hotel Awarded Tax Incentives -

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

95. Overton Square Hotel Approved for Tax Incentives -

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

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

96. Massachusetts Investor Buys Airport-Area Facility -

Wellesley, Massachusetts-based Trident Capital Group has purchased a 150,000-square-foot industrial facility in the airport submarket for $3.5 million.

Trident, doing business as TCG 4290 Delp LLC, bought the warehouse at 4290 Delp St. from a group of investors comprised of three individual entities, according to a warranty deed filed with the Shelby County Register Sept. 19. Ronald Baumgarten with RNB Interests controlled 55 percent of the selling entity, while Brett Baumgarten with BRB Interests and Brett Keeshin with BAK Interests controlled 22.5 percent each.

97. New Gannett Cuts Eliminate Two More Commercial Appeal Employees -

The effects of another companywide restructuring at newspaper publisher Gannett Co. Inc. – which owns USA Today as well as The Commercial Appeal – have touched the newsroom in Memphis, following an even deeper round of local cuts earlier this year.

98. Highwoods Sells Southwind Portfolio for $39M -

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

99. Gannett Cost-Cutting Again Trims Commercial Appeal Headcount -

The effects of another companywide restructuring at newspaper publisher Gannett Co. Inc. – which owns USA Today as well as The Commercial Appeal – have touched the newsroom in Memphis, following an even deeper round of local cuts earlier this year.

100. 100-Year-Old Question -

The Memphis Brooks Museum of Art was already more than 10 years old when Sears, Roebuck & Co. opened its nearby Crosstown store in 1927 and the rest of the neighborhood began to fill in, so it was shock for many Memphians to hear about the possibility of the iconic institution leaving the only home it’s ever known.