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Editorial Results (free)

1. Why Local One Commerce Square Owners Are Selling to Out-of-State Investors -

After successfully renovating the 29-story iBank Tower in Downtown Memphis, the work is done for a group of prominent Memphis investors as they prepare to sell the office building to a new owner with deeper pockets.

2. Montreal-based Investor Has Contract to Purchase One Commerce Square -

A Montreal-based real estate investor is under contract to buy One Commerce Square. The pending sale was revealed in a letter to the Downtown Memphis Commission.

The sale must receive approval from the Center City Revenue Finance Corp. (CCRFC) board for reassignment of the existing payment in lieu of taxes lease on the 30-story Downtown office building.

3. Montreal-based investor has contract to purchase One Commerce Square -

A Montreal-based real estate investor is under contract to buy One Commerce Square.

The pending sale was revealed in a letter to the Downtown Memphis Commission. The sale must receive approval from the Center City Revenue Finance Corp. (CCRFC) board for reassignment of the existing payment in lieu of taxes lease on the 30-story Downtown office building.

4. Police HQ No Longer in Running for Second Convention Center Hotel -

The Civic Center Plaza building that is currently Memphis Police Department headquarters is out of the running to be the site of a second convention center hotel.

“That site was contemplated in the beginning. It’s no longer in the running,” Downtown Memphis Commission president Jennifer Oswalt said of 170 N. Main St. on the WKNO/Channel 10 program “Behind The Headlines.”

5. Two Whitehaven Small Businesses Approved for EDGE Loans -

Two small businesses in the Whitehaven area were awarded forgivable loans Wednesday afternoon, Aug. 1, by the Economic Development Growth Engine for Memphis and Shelby County to help mitigate renovation and expansions costs.

6. Improved Facility Slated for Whitehaven Cheer Nonprofit -

A nonprofit that teaches gymnastics, dance and cheerleading to kids in the Whitehaven, Levi and Mitchell communities is seeking a forgivable loan to fix up its practice facility.

Regina Tappan, director of the Memphis Area Youth Association (MAYA), has applied for a three-year, $20,000 Inner City Economic Development (ICED) loan from the Economic Development Growth Engine (EDGE) of Memphis and Shelby County.

7. 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.

8. 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.

9. Developers Buy Land Near FedEx HQ for Apartments -

Texas-based Vantage Communities has closed on 22 acres of land near the FedEx World Headquarters for $1.7 million.

Vantage plans to build a 288-apartment luxury community dubbed Vantage at Germantown on the property located at the corner of Tournament Drive and Hacks Cross Road.

10. 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? 

11. Developers Buy Land Near FedEx HQ for Apartments -

Texas-based Vantage Communities has closed on 22 acres of land near the FedEx World Headquarters for $1.7 million.

Vantage plans to build a 288-apartment luxury community dubbed Vantage at Germantown on the property located at the corner of Tournament Drive and Hacks Cross Road.

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

3536 Canada Road,
Lakeland, TN 38002

Tenant: Gould’s Salon and Spa

13. 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.

14. Lake District Inks Deal With Gould’s -

Gould’s Salon and Spa has signed a deal to become The Lake District’s newest tenant.

This marks the 12th location for Gould’s, which joins The Stock Market and Malco Theatres in the 160-plus-acre mixed-use development.

15. 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. 

16. Lake District Inks Deal With Gould’s -

Gould’s Salon and Spa has signed a deal to become The Lake District’s newest tenant.

This marks the 12th location for Gould’s, which joins The Stock Market and Malco Theatres in the 160-plus-acre mixed-use development.

17. 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.

18. Last Word: Rebranding and Self Identity, The Many Legs of CTE and Draft Recap -

What’s in a name? Plenty when it comes to tourism. The Memphis Convention and Visitors Bureau is now Memphis Tourism – a name change that has been in the making for a while before last week’s unveiling at the CVB’s annual meeting where it flipped the switch on the new identity. There are a couple of key ingredients in the change – soul and home – according to Memphis Tourism president Kevin Kane.

19. Midtown Getting Denser, North Main Getting New Coffee Shop -

2542 Broad Ave.
Memphis, TN 38112

PILOT Length: 15 years

Project Cost: $51 million

20. 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.

21. Binghampton Apartments, Parkside TIF Get EDGE Greenlight -

Several hundred new apartments, a South Memphis grocery store and a new TIF district were all given the green light by the Economic Development Growth Engine for Memphis and Shelby County during a busy Wednesday, June 20, board meeting. 

22. Jewelry Supply Store Moves To Mendenhall Commons -

Adeli Designs has signed a lease for 1,125 square feet of retail space at Mendenhall Commons, at South Mendenhall Road and Sanderlin Avenue in East Memphis.

Weingarten Realty announced the lease this week.

23. 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

24. Malco Planning Theater For Lakeland’s Lake District -

More good news for Lakeland residents as Malco Theatres Inc. has signed a letter of intent to construct a “state-of-the-art” movie theater in The Lake District.

25. Malco Planning New 'State-of-the-Art' Theater for Lake District -

More good news for the residents of Lakeland as Malco Theatres Inc. has signed a letter of intent to construct a “state-of-the-art” movie theater in The Lake District.

The news of Malco’s 38,000-square-foot theater comes several months after the 160-plus-acre mixed-use Lake District project announced its first tenant would be The Stock Market, an upscale grocery store operated by independent retailer Jeff Burkhead.

26. One Beale, St. Jude, Sedgwick Projects Move Forward -

263 Wagner Place, Memphis, TN 38103: Carlisle Corp.’s expanded plans for One Beale received unanimous approval from the Center City Revenue Finance Corp. on Tuesday, May 29.

27. Gregory Realty Grows Industrial Portfolio -

Memphis-based Gregory Realty has acquired more than 53,000 square feet of industrial/flex space at 3920 S. Perkins Road and 3900 Perkins Cut Off Road for $1.6 million.

28. Gregory Realty Grows Industrial Portfolio -

Memphis-based Gregory Realty has acquired more than 53,000 square feet of industrial/flex space at 3920 S. Perkins Road and 3900 Perkins Cut Off Road for $1.6 million.

29. Gregory Realty Grows Industrial Portfolio -

Gregory Realty has acquired more than 53,000 square feet of industrial/flex space at 3920 S. Perkins Rd. and 3900 Perkins Cut Off Rd. for just over $1.6 million.

30. Firm Fined for Illegally Removing Native American Relics -

NASHVILLE, Tenn. (AP) – A Kentucky firm is being fined more than $15,000 for illegally excavating national park lands in Tennessee and removing century-old Native American relics.

The Tennessean reported Thursday that Cultural Resources Analysts Inc. also has to return the artifacts. The company was hired by developer Rockford Realty and Construction Co. to complete archaeological testing for a housing development southwest of Nashville.

31. 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.

32. Minority Entrepreneurs To Host ‘Spring Fling’ Friday -

The Minority Entrepreneurs will hold a Spring Fling Network Mix and Mingle on Friday, May 25, at the Memphis Marriott East, 5795 Poplar Ave. This monthly gathering provides entrepreneurs with the opportunity to network and market their products or services to more than 200 attendees.

33. 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.

34. 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.

35. Broad Avenue Mixed-Use Project Gets 1st Green Light -

3D Realty’s plans for a roughly 400-unit apartment complex with 10,000 square feet of ground-floor retail space on Broad Avenue has received its first green light.

Plans for the mixed-use property underneath the iconic Broad Avenue water tower were unanimously approved by the Shelby County Board of Adjustment on Wednesday, April 25.

36. Broad Avenue Mixed-Use Project Gets First Green Light -

3D Realty’s plans for a roughly 400-unit apartment complex with 10,000 square feet of ground-floor retail space on Broad Avenue has received its first green light.

Plans for the mixed-use property underneath the iconic Broad Avenue water tower were unanimously approved by the Shelby County Board of Adjustment on Wednesday, April 25.

37. The Week Ahead: April 23-29 -

Good morning, Memphis. There’s no better way to start off your week than hearing the beautiful sounds of a world famous boys’ choir from London inside a historic Memphis church Downtown. And the concert is free!

38. Seller’s Market -

With one quarter in the books, the Memphis-area housing market appears to be on pace for yet another record-breaking year. The average home sales price for the first three months of 2018 rose to $159,274, which is the highest first-quarter amount on record, according to real estate information company Chandler Reports, chandlerreports.com.

39. New Apartments Coming to Broad, Clark Tower Inks Another Tenant -

A multifamily project planned for Broad Avenue could provide the housing element that takes the arts district to the next level.


2542 Broad Ave.
Memphis, TN 38112

40. Last Word: Yoga's Return, Strickland on MLK50 and The Broad Water Tower Move -

The two parks where Confederate monuments were removed this past December will feature some new experiences now that spring is here both by the calendar and by all that flowers and clouds that are heavy with rain. Memphis Greenspace, the nonprofit that bought Health Sciences and Memphis Parks from the city at the end of 2017, will roll out its first programming for the two parks next week including a Truth Booth at Memphis Park along with the return of Downtown Yoga. It will be tai chi Tuesdays and yoga Thursdays at Health Sciences Park along with a lunchtime music series.

41. Massive Mixed-Use Project Slated for Broad Avenue -

In many ways the Broad Avenue water tower has become the defining emblem of the iconic arts district, but the empty warehouse it sits on stands in stark contrast from the vibrant shops, restaurants and art galleries that line the more developed south side of the street.

42. Without Toys R Us, 30,000 Jobs, A Black Hole for Toy Makers -

NEW YORK (AP) – The demise of Toys R Us will have a ripple effect on everything from toy makers to consumers to landlords.

The 70-year-old retailer is headed toward shuttering its U.S. operations, jeopardizing the jobs of some 30,000 employees while spelling the end for a chain known to generations of children and parents for its sprawling stores and Geoffrey the giraffe mascot.

43. Trey Carter Honored Among Top 35 Millennial Influencers -

Patrick “Trey” Carter III has been named one of the Top 35 Millennial Influencers in the Country by the Next Big Thing Movement, a global network of more than 20,000 young professionals and creatives. Carter, president of Olympic Career Training Institute and an active community volunteer, is the only Tennessean to be included on the list. He will be honored Saturday, March 10, at NBTM’s Forward Conference in New York City alongside other influencers, including “The Daily Show” host Trevor Noah, Teen Vogue editor Elaine Welteroth and YouTube vlogger Tyler Oakley.

44. Home Sweet Home -

Almost every facet of the Shelby County housing market showed improvement or promise in 2017, and the stellar year saw a new record high for average home sales price and a historic low number foreclosures.

45. The Week Ahead: February 26-March 4 -

Good morning, Memphis! There are plenty of business, government and sporting events to keep your interest this week, along with the annual farm and gin show. And Shakespeare could inspire some Shelby County students to have their works published in a literary magazine.

46. Last Word: Corker & Blackburn, More Frost and Dale Watson's Move to The Haven -

It's possible around City Hall these days to get your RFQs mixed up with your RFPs. And there is a difference in requests for qualifications and requests for proposals. Usually RFQs come before RFPs – but there are exceptions – loopholes. The latest RFQ out of City Hall – album title or t-shirt slogan? – is for the adaptive reuse of the Memphis Brooks Museum of Art.

47. CRE Owners Look To Reap Rewards Of New Tax Cuts -

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

48. Experts to Discuss Record Highs, Lows at Chandler Reports Seminar -

Topics ranging from record high average home sale prices to historic low foreclosure numbers will be explored at Chandler Reports’ annual Real Estate Review.

The 2017 year-in-review seminar will be held Thursday, March 1, from 3:30 p.m. to 5 p.m. in the Goldsmith Room at Memphis Botanic Garden, 750 Cherry Road, and will be moderated by Eric Barnes, publisher of The Daily News and The Memphis News.

49. Housing Prices Continue to Rise in 2018 -

After a hot 2017, the Memphis area housing market looks to carry over its success into 2018.

The average home sales price in January came in at $163,024, a 14 percent increase from January a year ago, according to real estate information company Chandler Reports, chandlerreports.com.

50. Target Fulfillment Center Closing, Vendor Laying Off 486 Memphis Workers -

A Target fulfillment center in southeast Memphis is closing in April, resulting in 486 layoffs.

Radial, a third-party logistics firm that manages the distribution center for Target Corp., has filed notice with the Tennessee Department of Labor and Workforce Development that the permanent layoffs at its 5461 Davidson Road facility will start April 7 and continue through April 30.

51. Target Fulfillment Center Closing, Vendor Laying Off 486 Memphis Workers -

A Target fulfillment center in southeast Memphis is closing in April, resulting in 486 layoffs.

Radial, a third-party logistics firm that manages the distribution center for Target Corp., has filed notice with the Tennessee Department of Labor and Workforce Development that the permanent layoffs at its 5461 Davidson Road facility will start April 7 and continue through April 30. 

52. PAC Raises $1.3M to Support Nashville Transit Plan -

NASHVILLE, Tenn. (AP) – A political action committee has raised $1.3 million to support the transit plan by Nashville Mayor Megan Barry that is up for a vote this spring.

53. Shelby County Home Sales Volume, Average Price Soar -

Average home sale prices and overall sales volume showed healthy gains in 2017 over the previous year, signaling another good year for the housing market in Shelby County.

The average home sales price in 2017 was $165,644, a 5 percent increase from the previous year, according to real estate information company Chandler Reports, chandlerreports.com.

54. This week in Memphis History: Jan. 12-18 -

2008: The campaign of Democratic presidential nominee Barack Obama opens its Memphis headquarters in the Eastgate Shopping Center three weeks before the Feb. 5 Super Tuesday Tennessee presidential primary. Obama and U.S. Sen. Hillary Clinton of New York are competing for the nomination. In the February primary, Clinton will carry Tennessee but Obama will take Shelby County’s base of Democratic primary voters, the largest base of Democrats in a single county in the state.

55. Frayser Bauhaus -

Memphis' best and most unique example of art deco-international style Bauhaus architecture has been hiding in plain sight in Frayser for nearly 70 years.

Tens of thousands of daily motorists drive past the white, multilevel building at 3590 Thomas St., on the northeast corner of Thomas and Floyd Avenue, where curved windows look out on the highway down the hill and large trees landscape the slope to the street.

56. 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.

57. Lake District Developer Pays Back Lender, Project 'Gathering Steam' -

A little more than a month after Gilad Development Co. began demolition of the shuttered Lakeland Factory Outlet Mall to pave way for the $375 million Lake District project, the developers have cleared another major hurdle.

58. Supreme Court Wrestles With Whistleblower Protection Issue -

WASHINGTON (AP) – The Supreme Court on Tuesday seemed reluctant to broadly apply whistleblower protections passed by Congress following the 2008 financial crisis, suggesting those particular protections only apply to people who report problems to the government.

59. 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.

60. 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.

61. 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.

62. Outdoors Retailer REI Planning First Memphis Store -

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.

63. Hickory Hill Apartments Sell for $9 Million -

The Stonebrook Apartments, located at 6371 Winchester Road, have switched hands for $9.7 million.

64. Morris Realty, Auction Combine Forces -

Morris Realty Group and Morris Auction Group have launched a new brand identity: Morris Realty & Auction. Buyers and sellers now can access each company’s services in one place.

“In today’s marketplace, buyers and sellers desire a one-stop shop for their real estate marketing and auction needs, and Morris Realty & Auction is now positioned to offer that comprehensive experience as we drive successful results for our clients,” Jeff Morris, founder and president of Morris Realty & Auction, said in a statement.

65. DHL Planning New Memphis Distribution Facility -

0 Tchulahoma Rd.
Memphis, TN 38118

Tenant: DHL Supply Chain

Landlord: Belz Enterprises

66. Morris Realty, Auction Groups Merge Into One Company -

Morris Realty Group and Morris Auction Group have launched a new brand identity: Morris Realty & Auction. Buyers and sellers now can access each company’s services in one place.

“In today’s marketplace, buyers and sellers desire a one-stop shop for their real estate marketing and auction needs, and Morris Realty & Auction is now positioned to offer that comprehensive experience as we drive successful results for our clients,” Jeff Morris, founder and president of Morris Realty & Auction, said in a statement.

67. Taylor Joins JA As VP of Development -

Latoria Taylor has been named vice president of development for Junior Achievement of Memphis and the Mid-South. She oversees all fundraising and marketing efforts for the nonprofit, which is dedicated to teaching children “how business works” and inspiring them to own their economic success.

68. Hickory Hill Apartments Sell for $9M -

The Stonebrook Apartments, located at 6371 Winchester Road, have switched hands for $9.7 million.

69. Toys 'R' Us Keeping Stores Open Following Bankruptcy Filing -

NEW YORK (AP) – Toys 'R' Us, the toy retailer struggling with $5 billion in debt and intense online competition, has filed for bankruptcy protection ahead of the key holiday shopping season – and says its stores will remain open for business as usual.

70. Should Your Resume Include A Photograph? -

Recently, I started receiving a question I haven’t heard much before: “Should I put my photo on my resume?”

It’s a great question! If you’ve wondered the same thing, you’re not alone. Resume templates are beginning to pop up on the internet with photos embedded. In all honesty, these templates are often beautifully designed. They look like a work of art. At first glance, they’re very enticing – and they make you question what you thought were the rules of the road with resumes. It makes you wonder if things have changed since the last time you looked.

71. MAAR Elects Five New 2018 Board Members -

The Memphis Area Association of Realtors elected five new members for its 2018-19 board of directors at its annual meeting Thursday, Aug. 31.

The new members include Amanda Lott and Loura Edmondson of Crye-Leike Inc. Realtors; Eric Fuhrman of Crye-Leike Commercial; Keith Gilliam of Weichert Realtors; and Grace Uhlhorn of Keller Williams Realty.

72. Tennessee Taco Opens in Former Los Compadres Space -

3295 Poplar Ave.
Memphis, TN 38111

73. Two Apartment Complexes Sell for $11 Million -

Two apartment complexes in northern Shelby County have been purchased by a Arkansas realty group for nearly $11 million, according to a pair of warranty deeds filed with the Shelby County Register.

74. Developer Eyes Former Sports Authority Site -

A $1.2 million building permit application has been filed for the former Sports Authority located at 5895 Poplar Ave. in East Memphis’ Ridgeway Commons shopping center.

75. Cordova Assisted Living Facility Sells for $6 Million -

Brookdale Cordova, a 44,000-square-foot assisted living facility at 1535 Appling Care Lane, has sold for $6 million.

76. Paul Mitchell School Coming to Poplar Plaza -

Though the area around Poplar and Highland avenues is usually associated with the University of Memphis, a new, albeit very different, school is coming soon.

Paul Mitchell Schools filed a $1 million building permit application with construction officials to move into the Poplar Plaza Shopping Center at the intersection of Poplar and Highland.

77. MAAR Elects Five New 2018 Board Members -

The Memphis Area Association of Realtors elected five new members for its 2018-19 board of directors at its annual meeting Thursday, Aug. 31.

The new members include Amanda Lott and Loura Edmondson of Crye-Leike Inc. Realtors; Eric Fuhrman of Crye-Leike Commercial; Keith Gilliam of Weichert Realtors; and Grace Uhlhorn of Keller Williams Realty.

78. Paul Mitchell School Coming to Poplar Plaza -

Though the area around Poplar and Highland avenues is usually associated with the University of Memphis, a new, albeit very different, school is coming soon.

Paul Mitchell Schools filed a $1 million building permit application with construction officials to move into the Poplar Plaza Shopping Center at the intersection of Poplar and Highland.

79. Cordova Assisted Living Facility Sells for $6M -

Brookdale Cordova, a 44,000-square-foot assisted living facility at 1535 Appling Care Lane, has sold for $6 million.

80. Developer Pulls Permit for Former Sports Authority Site -

A $1.2 million building permit application has been filed for the former Sports Authority located at 5895 Poplar Ave. in East Memphis’ Ridgeway Commons shopping center.

81. EDR Gets Predevelopment Nod for MSU Housing Project -

EdR, also called Education Realty Trust Inc., has announced that its predevelopment agreement for the College View housing development project at Mississippi State University has been approved by the Board of Trustees of State Institutions of Higher Learning.

82. Lakeland's Lake District on Hold after 'Surprise' Foreclosure Notice -

Despite unveiling a new look and layout for the proposed Lake District development at a special meeting late Thursday, developer Yehuda Netanel’s plans were put on ice by Lakeland’s Industrial Development Board. That is at least until the matter of a “surprise” foreclosure notice could be sorted out.

83. Home Sales Up, Price Slips in July -

As the housing market begins to head into a slower time of year with school restarting, home sales still continue to outpace last year’s figures despite a slight dip in average sales price.

The number of units sold in Shelby County was up 14 percent in July, with 1,808 sales recorded compared with 1,584 last July, according to real estate information company Chandler Reports, chandlerreports.com.

84. Atlanta Retail Investor Makes $29M Purchase -

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

85. Bartlett Shopping Center Sells for Nearly $30M -

An Atlanta-based real estate investment firm has made its first purchase in the Memphis market with the acquisition of a 198,103-square-foot shopping center in the heart of Bartlett.

The Bartlett Towne Centre, located at 6005 Stage Road, was acquired by Branch Properties LLC from Houston-based real estate investment trust Weingarten Realty for $28.8 million.

86. Bartlett Shopping Center Sells for Nearly $30M -

A 198,103-square-foot shopping center in the heart of Bartlett has sold for $28.8 million.

In the deal, The Bartlett Towne Centre, located at 6005 Stage Road, was acquired by Atlanta-based private real estate investment firm Branch Properties LLC from Houston, Texas-based real estate investment trust, Weingarten Realty.

87. Malco Pulls Additional Building Permit for Downtown Theater -

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


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

88. Malco Pulls Additional Building Permit for Downtown Theater -

45 E. G.E. Patterson Ave.

Memphis, TN 38103

Permit Amount: $5 million

Project Cost: $55 million

Application Date: July 2017

Owner: Henry Turley Co. and Community Capital

89. Cordova Shopping Center Sells for $2.3 Million -

The Woodchase Center, located at 2075 N. Germantown Parkway, has a new owner.

Dr. Alan Werner purchased the 28,484-square-foot retail building from MAM Realty Holdings of Memphis LLC for $2.3 million. Brian Califf, executive vice president of NAI Saig, represented Werner, while Melanie Myers with the Gary Myers Co. represented MAM Realty Holdings.

90. East Memphis Office Building Sells for $7 Million -

A 79,000-square-foot office building in East Memphis has switched hands in a multimillion-dollar deal.

Gregory Realty GP purchased the Class B building at 855 Ridge Lake Blvd. for $7 million from Israel-based investors Faropoint Ventures, doing business as Ridge Lake TN Realty Holdings LLC.

91. Bruster’s Ice Cream To Open on Highland Strip -

The Highland Strip will soon be home to a tasty new tenant.

Bruster’s Real Ice Cream plans to move into the 1,300-square-foot space at 571 Highland St., with construction set to begin soon and an expected opening date late this year, according to Loeb Properties Inc.

92. Bruster’s Highlights Highland Strip Growth -

When a small record shop called Pop-I’s opened in late 1960s, it helped spark the transformation of a mundane neighborhood shopping center near the University of Memphis into a popular entertainment destination for students.

93. East Memphis Office Building Sells for $7 Million -

A 79,000-square-foot office building in East Memphis has switched hands in a multimillion-dollar deal.

Gregory Realty GP purchased the Class B building at 855 Ridge Lake Blvd. for $7 million from Israel-based investors Faropoint Ventures, doing business as Ridge Lake TN Realty Holdings LLC.

94. Cooper-Young Getting New Coffee House -

945 Cooper St.
Memphis, TN 38104

Permit Amount: $85,750

Application Date: July 2017

95. Two Bartlett Buildings Sell for $2.7M -

Two flex buildings totaling 30,796 square feet on 3.16 acres of land at 7895 Stage Hills Blvd. in Bartlett were sold for $2.7 million.

96. Ole Miss Buys Baptist Hospital in $22 Million Deal -

2301 S. Lamar Blvd.
Oxford, MS 38655

Sale Amount: $22 million

Sale Date: June 15, 2017

97. Midtown Medical Facility Sells for $9.5 Million -

Southern California-based Majestic Realty Co. has purchased a Midtown medical facility from Vanguard of Memphis LLC for $9.5 million, according to paperwork filed with the Shelby County Register of Deeds.

98. In Midst of Changes, ArchInc Becomes Woman-Owned Biz -

The Memphis-based architecture firm formerly known as Architecture Inc. is in the midst of some major changes. The 23-year-old firm has rebranded as ArchInc; promoted Valentina Puppione Cochran to president and majority shareholder; and added preservation architect and urban designer Charles “Chooch” Pickard as a partner.
Cochran has been with ArchInc for 13 years, and her promotion makes the firm a woman-owned small business, which ArchInc says will boost the firm’s minority participation on projects.

99. Crye-Leike Executive Named To National Alliance Board -

Steve Brown, president of residential sales at Memphis-based Crye-Leike Inc., has been added to the board of directors of The Realty Alliance, a network of North America’s elite real estate firms serving all major and mid-size markets.

100. Golden India Seeks New Location Near Square -

The owners of Golden India restaurant in Overton Square want to move from their Madison Avenue storefront of 20 years to the site of a circa-1912 duplex on North Cooper Street where they intend to build a new restaurant.