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Editorial Results (free)

1. Crosstown Concourse Leaders Switch Financing -

Crosstown Concourse now has permanent financing that replaces a complex mosaic of financing from dozens of institutions that allowed the renovation and readaptation of the 1.5-million-square-foot landmark.

2. Last Word: Filing Deadline, Case & Vance In May and Paul Manafort at the Rivermont -

By our count, when the noon Thursday deadline for candidates in the May county primaries has come and gone, there could be -- could be -- four incumbent county commissioners who are effectively re-elected to their seats for another four-year term. And we already know the commission will have at least seven new faces in September. More interesting is that there are only four sets of primaries – all for countywide offices – that have multiple contenders in each primary. That’s out of 23 offices on the primary ballot.

3. Last Word: Fred's Troubles, Indigo Comeback and Selling MCA -

During Monday’s record Wall Street drop, Memphis-based Fred’s was among those taking it on the chin. But the retailer’s stock was already taking a beating from more turmoil since it got cut-out of a purchase of Rite Aid stores by Walgreens in 2017. Fred’s third chief financial officer in seven months is getting a $100,000 hiring bonus.

4. Dunavant Awards Will Feature Hardy As Keynote -

As a lifelong Memphian and successful entrepreneur, Carolyn Hardy is all about finding new ways to grow the city.

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

In this week’s Real Estate Recap, a new development in the saga of Germantown’s Trader Joe’s, Memphis International Airport begins work on a new $35 million facility, and Central BBQ announces a new a location...

6. 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.

7. Widening The Path -

He asked to only be a small part of this story. But when you come up with an idea so good, so powerful, that it’s named as one of the top 20 ideas in the Forbes Change the World Competition, you are the story’s foundation.

8. Remaking Crosstown -

As he was leading tours through Crosstown Concourse this month, Todd Richardson took a small group to a set of windows for a balcony view of an addition being constructed on the north side of the property.

9. $18.5 Million Permit Filed for Central Station Project -

In this week’s Real Estate Recap, developers pull an $18 million permit for the Central Station overhaul, another new Downtown hotel is in the works and the new Laurelwood bookstore gets a restaurant...

10. Arlington Neighborhood Thriving Despite Investor Activity -

The Village of Summer Meadows subdivision located off Milton Wilson Drive just north of Interstate 40, behind Arlington High School, is a hot spot for local investors and national hedge funds.

11. Barbecue Restaurant Scene Heats Up in Memphis -

Memphis has enjoyed a bumper crop of barbecue restaurant news in recent weeks, from tweaks to some business’ existing locations and plans by others to expand. And that trend isn’t letting up anytime soon.

12. Last Word: Railgarten Redux, Raleigh Springs Mall and Forrest Author Speaks -

Railgarten II, Son of Railgarten, Railgarten, Beyond the Board of Adjustment, Railgarten, Enter The City Council … Take your pick of sequel titles. Railgarten goes back to the City Council Tuesday for at least a committee discussion in which the council considers whether it should take back the special use permit it granted the bar-restaurant. This is a follow up to the Board of Adjustment decision last month to delay any action on approving the other annexes of the business for 30 days.

13. Kemmons Wilson Cos. Continues in the Spirit of its Founder -

McLean T. Wilson has a statistic he likes to keep top of mind: 94 percent of third-generations businesses fail. Kemmons Wilson Cos. (KWC), the enterprise founded by McLean’s grandfather, Kemmons Wilson, is in the other 6 percent.

14. Germantown Village Square Sells for $27.3 Million -

7694 Poplar Ave.
Germantown, TN 38138

Sale Amount: $27.3 million

Sale Date: April 24, 2017 

Buyer: PEBB Enterprises

15. Last Word: Who Needs To Be Watched, Hopdoddy and Fresh Fed Numbers -

Three Memphis City Council members on Behind The Headlines had quite a bit to say about protesters and lists and police surveillance. Council chairman Berlin Boyd and council members Kemp Conrad and Worth Morgan all say the surveillance question, which is the central issue now that the City Hall list has been pared significantly, is complex because of public postings and protests in public places.

16. Cheffie’s Café Opening 2nd Location in Collierville -

A popular restaurant that encourages the customer to “be the chef” is opening a second location in Collierville.

Cheffie’s Café announced it will open its newest spot at 956 Winchester Road inside of Boyle Investment Co.’s Schilling Farms community, adding roughly 15 to 20 new jobs in the area.

17. State Of The Suburbs -

With its central location, unparalleled access to major roads, rails, runways and rivers and low cost-of-living, it’s no surprise that Memphis and the surrounding area is a popular destination for corporate headquarters, national retail brands and major industrial centers.

18. Last Word: TNReady Scores, Ikea Day and 901REnews -

Snap goes the streak. Cavs over the Grizz in Cleveland Tuesday 103-86. The Cavs are here Wednesday without LeBron James, Kevin Love or Kyrie Irving. For the Grizz, we shall see about Deyonta Davis who came out of Tuesday’s game with a left foot injury.

19. Outsourcing: Savings, But No Specifics -

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

20. $92M Graceland Hotel Expected to Be a Catalyst for Whitehaven -

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

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

21. What Would It Take for Trump to Lose Tennessee Voters? -

Murfreesboro Realtor Larry Sims almost closes his ears when Donald Trump speaks.

“He gets out of bounds. Of course, the press, they love it because they get to exploit his sayings and doings,” says Sims, who traveled to Cleveland, Ohio, as a Trump delegate for the Republican National Convention. 

22. UTHSC Names Storgion Chair Of Physician Assistant Studies -

Dr. Stephanie Storgion has been named chair of the department of physician assistant studies at the University of Tennessee Health Science Center. Storgion’s appointment comes as the department moves to the College of Medicine from the College of Health Professions, where it started two years ago. 

23. Nordstrom Rack-Anchored Center Gets $15.5M Construction -

4572 Poplar Ave.
Memphis, TN 38117

Permit Amount: $10.5 million

Project Cost: $15.5 million

Completion: Fall 2017

24. Wilson Urges Family Philanthropic Efforts at Dunavant Awards -

When most people think of the Kemmons Wilson family, there is an image that comes to mind. It’s a black and white photo from the 1950s of the five children – three boys and two girls – of the Holiday Inn founder cutting the ribbon on the very first Holiday Inn at 4925 Summer Ave.

25. Melzie Wilson Appointed To Commerce Advisory Committee -

Melzie Wilson, vice president of compliance at Mallory Alexander International Logistics, has been appointed to the U.S. Department of Commerce’s Advisory Committee on Supply Chain Competitiveness by secretary of commerce Penny Pritzker. In her role at Mallory Alexander, Wilson is responsible for all government regulations the company must comply with, both in the U.S. and globally.
She’s also responsible, along with a compliance team, for ensuring Mallory Alexander’s clients stay compliant.

26. Middle Tennessee real estate trends for March 2016 -

March 2016 real estate trends for Davidson, Williamson, Rutherford and Wilson counties, as compiled by Chandler Reports.

Chandler Reports has been publishing Real Estate Market Data since 1968. That year, Chandler began collecting residential sales information for the Chandler Residential Report, considered the authoritative source for residential real estate sales information. Over the next three decades, the publications have been continually refined, enhanced and expanded, growing to include lot sales data, new residential construction and absorption information, and commercial sales. In 1987, Chandler Reports began one of the first on–line real estate market data services in the country, and is a nationally recognized leader in the industry. In 2004, Chandler Reports was purchased by The Daily News Publishing Co. In 2007, Chandler introduced RegionPlus, including property research for Nashville and Middle Tennessee. Visit online at chandlerreports.com.

...

27. Middle Tennessee construction can’t meet demand -

When it comes to residential real estate around Middle Tennessee, there are plenty of buyers but not nearly enough sellers, says Heather Benjamin with Reliant Realty’s Benjamin McConnell Group. And new construction just can’t keep up with the demand.

28. Last Word: Pro Day, Hardwood Patios in C-Y and Memphis' Contested Convention -

It was a windy Pro Day Wednesday at the University of Memphis for Tigers quarterback Paxton Lynch. And if the wind wasn’t for you, you could watch Lynch work out for NFL teams and their representatives on the NFL network.
Don Wade was there to watch in person.

29. Spence Wilson To Keynote Dunavant Awards May 11 -

Spence Wilson, chairman of the board of Kemmons Wilson Companies, is the keynote speaker for the annual Bobby Dunavant Public Servant Awards to be held May 11 at the Holiday Inn University of Memphis.

30. Up, Up and Away -

The modern-day drone is both a high-tech military tool and a safer way to play humanitarian and deliver medicine and supplies to the suffering people of war-torn Syria.

The drone is everything from a stalking device to track poachers creeping through the South African bush hunting rhinos to the impetus for a potential commercial growth industry right here in Memphis.

31. Impatient Clemmons Anxious for Minority Voice to Be Heard -

Democratic state Rep. John Ray Clemmons is only halfway through his first two-year term representing District 55 in Nashville. But he’s not willing to wait years to speak out or push for change.

32. The Week Ahead: Jan. 11, 2016 -

How was your weekend, Memphis? Here’s our weekly rundown of local happenings you need to know about, from drones and robot research to the Grizzlies’ annual MLK symposium at the National Civil Rights Museum...

33. Crosstown Developer: Complicated Projects Can Be Transformative -

The Memphis-area commercial real estate market continues to trend upward, industry leaders say. All asset classes are trending toward pre-Recession levels, and Memphis is taking on more complicated projects like the Crosstown Concourse redevelopment.

34. McLean Wilson To Address Crosstown’s Resurgence -

Four years ago, the Sears Crosstown building started on a complete transformation into becoming a vertical urban village as Crosstown Concourse. It hasn’t been an easy journey for McLean Wilson, leader of the abandoned building’s $200 million redevelopment, but it’s one that has the potential to uplift other disinvested areas in Memphis commercial real estate.

35. Events -

The Orpheum Theatre will present Rodgers & Hammerstein’s “Cinderella” Tuesday, Oct. 13, through Oct. 18 at the theater, 203 S. Main St. Buy tickets at orpheum-memphis.com.

36. Koonce Joins Sedgwick Client Services -

Sedgwick Claims Management Services Inc. has added K. Max Koonce II as senior vice president of client services for its casualty retail business unit. Koonce, an attorney by trade, comes to Sedgwick from Wal-Mart Stores Inc., where he was senior director of risk management. He simultaneously served as president of Claims Management Inc., Wal-Mart’s wholly owned third-party administrator.

37. Wharton Reintroduces Detroit Specter as Early Voting Begins -

When the city of Memphis got an unmistakable warning in May 2013 from Tennessee comptroller Justin Wilson to get its financial house in order, Memphis mayor A C Wharton was among those quick to caution against likening the city’s problems to those of Detroit.

38. Crosstown Concourse Taps Retail Leasing Agent -

Crosstown Concourse has added another member to its growing team: The Shopping Center Group LLC will be the exclusive retail leasing agent for the massive project.

39. Crosstown Concourse Taps Retail Leasing Agent -

Crosstown Concourse has added another member to its growing team: The Shopping Center Group LLC will be the exclusive retail leasing agent for the massive project.

40. Simmons Joins Cushman & Wakefield/Commercial Advisors -

Mary Leesa Simmons has joined Cushman & Wakefield/Commercial Advisors as vice president – senior asset manager. In her new role, Simmons provides all aspects of property management duties for the firm’s clients.
This includes financial administration, budgeting, reporting, lease administration, contract administration, tenant, client and vendor administration, capital improvements and property inspections.

41. Making the Connection -

Archie Willis III had just earned his master’s degree in business at the University of North Carolina at Chapel Hill when he returned to Memphis in 1981 to help his father, A.W. Willis Jr., redevelop the Adler Hotel Annex.

42. Square Roots -

Lucy Woodson and George Saig went to lunch recently in Overton Square.

They chose Babalu, the site where the entertainment district began in 1970 with the opening of the former TGI Friday’s, just months after Memphis voters approved “liquor by the drink.”

43. Nashville's Next Mayor Must Solve Traffic, Education Woes -

“Traffic is getting worse by the day.” I must have heard that complaint six times last week. Those exact words.

Perhaps some road construction coupled with Vanderbilt’s graduation complicated the situation, but that seems to be the feeling here.

44. Men’s Salon Opening in Germantown -

Germantown is getting an upscale styling salon and grooming service made just for men.

Owners Dara Vongphrachanh and Donald R. Johnson II are opening Baron’s Man Cave in 2,250 square feet in suite 102 at the Poplar Collection, located at 9289 Poplar Ave. in Germantown.

45. Sounds Like a Hit for Neighbors -

For months, sounds of construction surrounded the Nashville Sounds’ sparkling new First Tennessee Park in Germantown.

The constant thump-thump-thump of pounding jackhammers competed with the irritating, high-pitched beeps of vehicles backing up. Ka-ching! Cranes lifted steel beams into place, keeping time with a syncopated thrumming of never-ending drilling. Ka-ching!

46. Daily News Names Managing Editor -

Jane A. Donahoe has joined The Daily News Publishing Co. as managing editor. In her new role, she oversees award-winning coverage of business and government news for both The Daily News and The Memphis News.

47. Eakin: Rising Rents Hitting All of Middle Tennessee -

Selling business people on the idea of relocating to Nashville is easy for commercial real estate broker Barry R. Smith because he, too, bought into the city’s charm when he first came to town in 1981.

48. PR That Gets Media Results -

The press release was written with no mistakes, explaining all the virtues of your company’s remarkable product. It was sent to all the newspapers and TV stations, and you even managed to send it to select radio stations and bloggers.

49. Crosstown Crossroads -

Richard Spore and his colleague at the Memphis office of the Bass Berry & Sims law firm have worked on several ambitious, game-changing projects like the transformation of Overton Square and Bass Pro Shops’ redevelopment of The Pyramid.

50. Wade to Lead Southern College of Optometry's Hayes Center -

Dr. Lisa Wade has been named director of the Hayes Center for Practice Excellence at Southern College of Optometry, which focuses on teaching business principles to help optometrists succeed in independent practice.

51. Shelby Farms Conservancy Seeks $7.2 Million in Permits -

6093 N Patriot Lake Blvd.
415 E. Patriot Lake Blvd.
Memphis, TN 38118
Permit Amount: $7.2 million

52. Lasting Legacies -

A FedEx commercial that never made it past the storyboard stage portrayed company founder, chairman and CEO Fred Smith as a child filling out an order form in the back of a comic book for a batch of Sea-Monkeys, sending it off and waiting for the delivery.

53. Millennial Challenge: Do I Rent or Do I Own? -

Mike Smalling is a mortgage loan originator with F&M Mortgage and is a lifer in mortgage lending. He recently penned a book entitled “Your Mortgage Matters,” and the work provides information for those new to home buying, as well as those that have bought and sold numerous homes.

54. The Preserve at Southwind Sells for $28 Million -

7991 Capilano Drive
Memphis, TN 38125
Sale Amount: $28 million

Sale Date: Dec. 22, 2014
Buyer: Southwind Apartments LP
Seller: G&I VII Preserve at Southwind Apartments LP
Loan Amount: $18 million
Loan Date: Dec. 18, 2014
Maturity Date: Oct. 31, 2020
Lender: Jackson National Life Insurance Co.
Details: A team that includes Memphis-based Foegelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

55. Kemmons Wilson Cos. Announces New Leaders -

Kemmons Wilson Cos., a family-run business started by Holiday Inn Hotels founder Kemmons Wilson, has announced a new leadership team.

Spence Wilson Jr., Kemmons Wilson III, McLean Wilson and Webb Wilson – all grandsons of Kemmons Wilson – are now principals of the firm. The previous second-generation family leadership group, Spence Wilson Sr., Robert Wilson, and Kemmons Wilson Jr., will remain members of the board of directors.

56. Next Generation Takes Helm of Kemmons Wilson Cos. -

A new leadership team has taken the reins at Kemmons Wilson Cos., the family-run business started by Holiday Inn founder Kemmons Wilson.

Spence Wilson Jr., Kemmons Wilson III, McLean Wilson and Webb Wilson – all grandsons of Kemmons Wilson – are now principals of the firm. The previous second-generation family leadership group, Spence Wilson Sr., Robert Wilson, and Kemmons Wilson Jr., will remain members of the board of directors.

57. Spillyards Leads Community Advisors Launch -

Greg Spillyards has joined the brokerage team at Cushman & Wakefield/Commercial Advisors to launch the firm’s Community Advisors service line.

Community Advisors is focused on the Memphis city core, with a goal to provide real estate advisory services to assist in the revitalization of the city’s underserved areas with passion, creativity and entrepreneurship, and with service to those already living and leading in their neighborhoods.

58. Is Showing a House to a Stranger Worth the Risk? -

The real estate community was saddened last week to learn of the murder of one of its own when the body of Little Rock real estate broker Beverly Carter was discovered in a shallow grave days after she had been reported missing.

59. Cushman & Wakefield Adds Yates to Capital Markets Team -

Alex Yates has joined the Cushman & Wakefield/Commercial Advisors Capital Markets team as vice president, assisting and executing investment sales, debt/equity placement and development advisory projects. Yates’ efforts will be heavily concentrated in multifamily and retail, but he will focus on other product types as well.

60. Charlotte Firm Buys Mendenhall Warehouse -

4517 S. Mendenhall Road
Memphis, TN 38141
Sale Amount: $1.4 million

Sale Date: June 24, 2014
Buyer: TKC CLXXIX LLC
Seller: Tenn Thom Realty LLC
Loan Amount: $1.1 million
Loan Date: June 24, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of Charlotte, N.C.-based real estate development firm The Keith Corp. has paid $1.4 million for the 14,650-square-foot warehouse at 4517 S. Mendenhall Road in Hickory Hill.

61. Battle Lines -

The city’s operating and capital budgets are just about set for the new fiscal year next month. Hard decisions made about health insurance for city employees and retirees Tuesday, June 17, are unlikely to be revisited by the Memphis City Council.

62. Miles to Lead Germantown Community Theatre -

Michael D. Miles took over as executive director of Germantown Community Theatre Monday, April 28, about two weeks before the theater closes its 2013-2014 season with “A Funny Thing Happened on the Way to the Forum” May 16 to June 1.

63. A Calling Card That Speaks Volumes -

For those in marketing, there is never, ever enough time in the day to get it all done. That’s why savvy marketers seek passive marketing strategies to compliment their more active techniques. It’s like having a secret squad at work for you 24/7.

64. Stewart Joins Metal Museum as Collections Manager -

Grace Stewart has joined the Metal Museum as collections manager/registrar. Stewart, who previously served as registrar for the National Civil Rights Museum for a year and a half, says her goals are to help grow and define the Museum’s permanent collection and facilitate greater access to the collection through exhibits and education opportunities.

65. Shelby County CRE Sales Up 14 Percent in February -

Shelby County recorded 49 commercial real estate sales in February, according to real estate information company Chandler Reports, www.chandlerreports.com.

66. New Home Permits See Slight Bump -

Despite bitterly cold temperatures that plagued the Memphis area last month, homebuilders pulled slightly more housing permits in January when compared to the same month last year.

Shelby County homebuilders filed 64 permits in January, up from 57 permits filed in January 2013 and 53 permits in December 2013, according to real estate information company Chandler Reports, www.chandlerreports.com.

67. Events -

Memphis Botanic Garden will host the Green Your Home Winter Plant Sale Friday, Feb. 7, and Saturday, Feb. 8, from 9 a.m. to 5 p.m. at the garden, 750 Cherry Road. The sale will feature house plants, custom potting, terrariums and garden gift items. Admission is free. Visit memphisbotanicgarden.com.

68. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

69. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

70. Plan to Renovate Southbrook Mall Resurfaces -

Memphis Mayor A C Wharton Jr.’s administration is working on a broader plan for economic development in Whitehaven that will include a renovation and possible public use of Southbrook Mall.

That’s what city Chief Administrative Officer George Little told Memphis City Council members Tuesday, Dec. 17.

71. BizChair Leases Olive Branch Distribution Space -

BizChair.com, an Internet retailer that specializes in selling chairs and furniture for offices, schools, restaurants, medical facilities, and homes, has inked a lease for around 382,500 square feet at 8631 Polk Lane, inside Olive Branch Distribution Center in Olive Branch, Miss.

72. Mid-South Food Bank Buys Oakhaven Warehouse -

3834 Knight Road
Memphis, TN 38118
Sale Amount: $3.6 million

Sale Date: Nov. 18, 2013
Buyer: The Mid-South Food Bank
Seller: 198-6 Memphis Industrial Portfolio Holdings LLC
Details: Mid-South Food Bank has paid $3.6 million for the 122,496-square-foot warehouse at 3834 Knight Road in Oakhaven.

73. This week in Memphis history: September 13-19 -

1973: Wayne W. Pyeatt assumed the duties of chief executive officer of National Bank of Commerce. He had been president and chief administrative officer. The decision by the bank’s board left Lewis R. McKee as board chairman.

74. Walgreen Co. Closes Ike’s Gas Station -

Walgreen Co. has closed the gas station at its Ike’s store on Union Avenue, but the company isn’t saying anything else about the property’s future.

75. Memphis Economic Indicator Surveys Landscape -

The inaugural Memphis Economic Indicator, a new online survey launched by Dixon Hughes Goodman LLP and The Daily News to measure general business sentiment, shows little consensus about the local economy.

76. Convert Web Traffic to Sales -

Every brand needs a Web presence to survive in the digital age, but how do you know that Web investment is actually performing?

The answer begins by shifting your focus from simply generating more traffic to generating more traffic that converts to actual business. Traffic that doesn’t convert has little value.

77. Retail Resurgence -

When leaders of the Delta Division of Kroger kicked off the $5 million renovation of the chain’s Whitehaven supermarket, some of the area’s community and business leaders were looking beyond the store’s parking lot.

78. Mayor, Council Talk Budget Reset -

This wasn’t what the Memphis City Council had in mind when its budget committee set Thursday, May 30, as its wrap-up session on the city budget.

Such sessions are usually the time when the budget committee takes final votes on whether it agrees with parts of the administration’s budget proposal and council members begin to roll out their own proposals and substitutions.

79. Creative Space -

By the time Crosstown Arts occupies space in the 1.5 million-square-foot Sears Crosstown building, it will have completed a solid test run of promoting arts-based community and economic development in Midtown.

80. Wyatt Tarrant Law Firm Elects New Partners -

The law firm of Wyatt, Tarrant & Combs LLP, has elected four new partners.

They are Byron Brown IV, Kacey Faughnan, Jordan Reifler and Kristen Mistretta Wilson.

81. Wyatt Tarrant Law Firm Elects New Partners -

The law firm of Wyatt, Tarrant & Combs LLP, has elected four new partners.

They are Byron Brown IV, Kacey Faughnan, Jordan Reifler and Kristen Mistretta Wilson.

82. CashSaver Trades Hands for $3.2 Million -

The CashSaver in Midtown has traded hands. 

Kansas City, Kan.-based Super Market Developers Inc. bought the 69,017-square-foot building at 1620 Madison Ave. at Avalon Street from 1620 Madison LLC for $3.2 million. Fred Monks III, president/chief manager of 1620 Madison LLC, signed the special warranty deed.

83. Delta Blues Winery LLC Buys 15 Acres in Lakeland -

6495 Stewart Road Lakeland, TN 38002
Sale Amount: $165,000

Sale Date: Dec. 10, 2012

84. I-Bank Grows in Namesake East Memphis Office Tower -

Independent Bank has expanded its headquarters at I-Bank Tower to primarily accommodate its Mortgage Lending Division.

85. Rekindling Crosstown -

Video artist Chris Miner says one way to explain the redevelopment of the Sears Crosstown building is likening it to the process of creating art.

“You get into it with a general idea of what you want to do, but then you kind of let it take you wherever you are going to go or wherever the piece wants to go,” he said.

86. Collaborative Zones -

The practice of designing office spaces is trending away from inhibiting cubicles and foreboding conference tables and more toward creating collaborative zones.

Tenants are demanding alternatives that cut costs, improve productivity and increase morale. That’s because flexibility is key for modern-day office users, said Heather Averwater, interior designer with brg3s architects.

87. Daunting Vision -

To say the team behind the redevelopment of the nearly 20-year-vacant Sears, Roebuck & Co. Retail and Catalog distribution facility in Midtown’s Crosstown neighborhood has their work cut out for them would be an understatement at best.

88. Wilson Auto Group Affiliate Buys Byhalia Road Acreage -

4.9 acres at Tenn. 385
And Byhalia Road

Sale Amount: $1.4 million (Bumpus Properties); $625,000 (Boshwit Bros.)

Sale Date: Aug. 21, 2012

Buyer: Wilson Real Estate LLC

89. First Tennessee Unit to Move Downtown -

First Tennessee Bank is preparing its Downtown Memphis headquarters for occupancy of one of its units.

90. Wilson Auto Group Affiliate Buys Collierville Acreage -

An entity affiliated with Mississippi-based Wilson Auto Group has bought 4.8 acres at the northwest corner of South Byhalia Road and Tenn. 385 and filed a $5.3 million construction loan for the property.

91. New Day Coming for Sears Crosstown Urban Village -

The historic Sears Crosstown building in Midtown Memphis is being redeveloped as a mixed-used vertical urban village, with nine “founding partners” in local health care, education and arts organizations that have signed on to occupy 600,000 square feet of the total 1.4 million square feet of space.

92. History for Sale -

Three historic properties in the Midtown and Downtown areas are on the market, all listed with major Memphis commercial real estate firms.

The most recent listing is the Hunt-Phelan house at 533 Beale St., priced at $2.9 million with Henry Stratton and Andy Cates of Colliers International Memphis. The mansion has hosted guests including Ulysses S. Grant, Jefferson Davis, Andrew Jackson and Andrew Johnson.

93. Literacy Mid-South’s Dean Appointed to State Coalition -

Kevin Dean, executive director of Literacy Mid-South, has been appointed to the Tennessee Literacy Coalition’s board of directors. The board unanimously approved Dean’s nomination, and he will serve as a representative from West Tennessee for three years.

94. Mall Makeover -

Over the years, it has become harder and harder to tell that Whitehaven has two shopping malls.

Southbrook Mall was built across East Shelby Drive from Southland Mall, the city’s first shopping mall, which preceded Southbrook by five years.

95. $7.5 Million Permit App Filed for Fieldstone Apts. -

7986 Tournament Drive
Memphis, TN 38125

Permit Cost: $7.5 million

Permit Date: Applied May 2012

Owner: Fieldstone Apartments III Co.

Contractor: Patton & Taylor Construction Co.

96. Acquisition Underscores RVC’s Long-Term Goals -

Long before Andy Cates established RVC Outdoor Destinations in 2007, he solidified his commercial real estate background at Trammel Crow Co.

97. Poag, N.Y. Investor Buy The Avenue -

The Avenue Collierville – the largest lifestyle center in the Memphis metropolitan area at Houston Levee Road and Bill Morris Parkway – has been bought by an affiliate of Memphis-based Poag Lifestyle Centers.

98. Poag, N.Y. Investor Buy The Avenue -

The Avenue Collierville – the largest lifestyle center in the Memphis metropolitan area at Houston Levee Road and Bill Morris Parkway – has been bought by an affiliate of Memphis-based Poag Lifestyle Centers.

99. Pinnacle Awards To Honor City’s Best in CRE -

Amid the lukewarm commercial real estate climate, a little recognition goes a long way.

That’s why the Memphis Area Association of Realtors Commercial Council is well under way in planning the 11th annual Pinnacle Awards ceremony, a night dedicated to showcasing commercial real estate industry professionals in the Memphis area.

100. Education Realty Trust Rebrands, Promotes Key Execs -

Memphis-based Education Realty Trust Inc. has had a busy few months, ending fourth-quarter 2011 with several new properties in hand and starting 2012 by turning over a new leaf entirely – to be more specific, a new name, a new logo, new positions for several key executives and a $28 million acquisition.