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Editorial Results (free)

1. Museum of the Bible, Built by Hobby Lobby Owner, Opens in DC -

WASHINGTON (AP) – Eight years ago, Hobby Lobby president Steve Green found a new way to express his Christian faith. His family's $4 billion arts and craft chain was already known for closing stores on Sundays, waging a Supreme Court fight over birth control and donating tens of millions of dollars to religious groups.

2. 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.

3. US Air Force Official: Missile Targeting Saudis Was Iranian -

DUBAI, United Arab Emirates (AP) — Iran manufactured the ballistic missile fired by Yemen's Shiite rebels toward the Saudi capital and remnants of it bore "Iranian markings," the top U.S. Air Force official in the Mideast said Friday, backing the kingdom's earlier allegations.

4. Shelby Farms Draws New 71-Acre, $142M Development -

In a joint venture with Charles Crews of Crews Investment Holdings, Nashville-based Elmington Capital Group has submitted plans to the Office of Planning and Development for a 71-acre senior housing, apartment and single-family development next to Shelby Farms Park.

5. Last Word: Rape Kits Deposition, Pre-K Kickoff and Parkside Gets Company -

A retired Memphis Police Lieutenant was deposed Wednesday in East Memphis as part of the ongoing civil lawsuit in Circuit Court over the city’s 12,000 untested rape kits. Cody Wilkerson had been a detective in the police sex crimes unit and said Wednesday in the deposition that police brass, including Col. Marcus Worthy – his supervisor in sex crimes – oversaw cases in which rape kits were routinely shelved and forgotten about.

6. Nashville Developers Planning Massive 71-Acre Project Near Shelby Farms -

Nashville-based Elmington Capital Group has submitted plans to the Office of Planning and Development for a 71-acre senior housing, apartment and single-family development next to Shelby Farms Park.

7. Sports Complex Remains Driver of Fairgrounds Redevelopment Plan -

Parts of the city’s tentative plan for redevelopment of the Mid-South Fairgrounds may still come and go and the cost estimates could vary. But Memphis Mayor Jim Strickland’s administration made it clear at a Monday, Nov. 6, public meeting to unveil the most specific plan yet that a youth sports tournament complex is the anchor and driver of the financing for a redevelopment covering 175 acres.

8. City's Tentative Fairgrounds Plan Confirms Separating Coliseum from Youth Sports -

Memphis Mayor Jim Strickland’s tentative plan for the redevelopment of the Mid-South Fairgrounds, presented Monday, Nov. 6, included a renovation of old Melrose High School in neighboring Orange Mound and a confirmation that the city administration doesn’t think the Mid-South Coliseum should be part of a youth sports tournament complex.

9. 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.

10. 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.

11. 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.

12. Highland Row Owner Secures $245M in Capital -

Indianapolis-based developer Milhaus, which currently owns the Highland Row in Memphis, has secured $245 million in new capital from FrontRange Capital Partners, StepStone Group Real Estate LP, and a group of internal investors.

13. Clicking on All Cylinders -

Memphis is a city on the precipice of change as projects that were once deemed impossible – like ServiceMaster’s Downtown headquarters or Crosstown Concourse – have emboldened developers and city officials to shoot for the moon.

14. Effects Of E-commerce, Amazon Among Seminar Topics -

The growth of e-commerce has been one of the most transformative trends in real estate over the past few years and Memphis’ unique geography has it poised to reap the benefits.

While the more traditional industrial projects like Amazon’s proposed 615,440-square-foot receiving center at 3292 Holmes Road or DHL’s planned 580,000-square-foot distribution facility less than a mile to the south come to mind, the ripple effects of this can be felt in other areas as well, such as in typical brick-and-mortar retail operations.

15. Big Question For US Cities: Is Amazon's HQ2 Worth The Price? -

WASHINGTON (AP) – Dozens of cities are working frantically to land Amazon's second headquarters, raising a weighty question with no easy answer:

Is it worth it?

Amazon is promising $5 billion of investment and 50,000 jobs over the next decade and a half. Yet the winning city would have to provide Amazon with generous tax breaks and other incentives that can erode a city's tax base.

16. Seminar To Feature ULI Emerging Trends Report -

For the second straight year, ULI Memphis is partnering with The Daily News to present its 2018 Emerging Trends Report on Thursday, Nov. 2, at the Memphis Brooks Museum of Art.

The report will immediately precede TDN’s Commercial Real Estate Review & Forecast Seminar, where a panel of local real estate experts will discuss how these trends will affect the Memphis area.

17. City Lays Out Numerous Options in Confederate Monuments Controversy -

The city administration and Memphis City Council laid out numerous paths forward in the Confederate monuments controversy Tuesday, Oct. 17, that include closing Health Sciences Park entirely or building a memorial to lynching victims in the park plaza where a statue of Nathan Bedford Forrest is now the centerpiece.

18. Shelby County to Overhaul Criminal Justice Center -

201 Poplar Ave.
Memphis, TN 38103

Permit Amount: $17 million

Application Date: October 2017

19. Ring Partners With Conagra On PAM Spray Bottles -

Ring Container Technologies, a product packaging and plastic container manufacturing company based in Oakland, Tennessee, has completed a collaboration with Conagra Brands to create a new plastic bottle for PAM Cooking Spray.

20. 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.

21. Last Word: 'Seismic Shift,' Mason Village and Running A Store From A Cloud -

It doesn’t take a lot of imagination to drive through the old town part of Cordova near its one-time train station and see the potential. Now word of a new restaurant opening later this month in what is known as Farley House. The old town is an interesting mix of new development and old development including an iconic country Baptist church that not too long ago turned 100 years old. And then there is the trail head for the Shelby Farms Greenline that runs near the train station.

22. First Music Project Funded Through Memphis Slim House Loan Program -

Attendees of the Eric Hughes Band’s CD release party next week won’t see everything that goes into making a collection of tunes like the band’s latest.

The album – “Meet Me in Memphis” – and band will be feted Oct. 21 at the warehouse behind Earnestine & Hazel’s during a bash that includes live music and food by Central BBQ. Among the things that won’t be apparent amid the festivities, though, is all the work that goes into an undertaking like this, and the honing of chops that for Hughes has meant playing about 3,000 shows in Memphis since 2001.

23. Last Word: Corker's Touchstone, Quonset Rehab and The Methodist Chart -

More invective from the White House directed at U.S. Senator Bob Corker since we last met here. And it is now becoming a sort of political prairie fire among Republicans in the Beltway per The New York Times.

24. 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.

25. Ring Partners With Conagra on PAM Spray Bottles -

Ring Container Technologies, a product packaging and plastic container manufacturing company based in Oakland, Tennessee, has completed a collaboration with Conagra Brands to create a new plastic bottle for PAM Cooking Spray.

26. Jump Around With The Fans In Madison -

Weather makes all the difference in making a destination a memorable or miserable experience. Chalk fall up as a fantastic time to visit Wisconsin.

I spent a long weekend to close out September in Madison, Wisconsin, with a quick stopover in Chicago. Specifically, I visited Madison and had a day in Chicago before flying home late Sunday night. I chose to fly direct to Chicago instead of making a connection to fly into Madison. It was cheaper and I also had friends driving up from Cincinnati. So we all drove on together from Chicago, about a two-hour drive.

27. 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.

28. Last Word: Pantographs & Catenaries, Grizz Uncertainty and Tuesdays Without Morrie -

After three years off the rails, the first significant indications that the trolleys are about to return. It was just a two-block ride that includes the Memphis Area Transit Authority trolley barn on North Main and one very new trolley. But it is a start through what is a very technical and bureaucratic process involving lots of safety vests, clipboards and video cameras.

29. GPAC Planning New Open-Air Venue -

1801 Exeter Road, Germantown, TN 38138

Owner: Germantown Performing Arts Center

30. 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.

31. 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.

32. City’s Ire Raised By Stadium Droughts -

For most of the ongoing discussion about a reconfiguration of the Fairgrounds, the Liberty Bowl has been a part of the background. Much of the attention has been on what to do with the Mid-South Coliseum and what new uses or buildings will do to existing parking.

33. 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.

34. 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.

35. Beale, Bourbon Street Protocols Examined -

As the Beale Street Task Force moves toward making recommendations to the Memphis City Council on a Saturday night Beale Street cover charge, there isn’t a consensus on the $5 charge.

Task force members who have been to New Orleans and consulted other cities have found very different models for crowd control.

36. Highwoods Sells Southwind Portfolio for Nearly $40M -

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

In the deal, Highwoods Properties, doing business as Highwoods Reality Limited Partnership, sold eight parcels of land near the intersection of Players Club Parkway and Tournament Drive to Group RMC, which purchased the property under the name of Southwind Memphis Reality LP.

37. Germantown Medical Office Sells for $16M -

1325 Wolf Park Drive, Germantown, TN 38138

Sale Amount: $15.9 million

Buyer: Global Medical REIT

38. Memphis Industrial Center Sells for $3.7 Million -

Boston-based real estate investment firm Plymouth Industrial REIT has expanded its local portfolio with the acquisition of a 132,000-square-foot industrial center in southeast Memphis.

In the deal, Plymouth purchased the property from Huntington Industrial Partners for $3.7 million.

39. Wunderlich Preparing Downtown Space for HQ Move -

By this time next year, Memphis-based investment firm Wunderlich Securities Inc. will have a prominent new headquarters space Downtown,

40. Waddell & Associates Platform Looks to Turn Millennials Into Investors -

Andrew Lichliter had a few thousand dollars in a retirement account, but wanted to change that to a different type of investment.

The problem, though, was that his $5,500 wasn’t nearly enough to open a typical investment account at most firms, some of which require hundreds of thousands of dollars just to start.

41. Last Word: The Monument Letter, Soulsville Gateway and Gas Tax Hike Regrets -

The Redbirds take Game 1 of the Pacific Coast League Championship series Wednesday evening with a 6-4 win over El Paso at AutoZone Park. Game 2 is noon Thursday at B.B. King and Union.

42. SE Memphis Industrial Center Sells for $3.7 Million -

Boston-based real estate investment firm Plymouth Industrial REIT has expanded its local portfolio with the acquisition of a 132,000-square-foot industrial center in southeast Memphis.

In the deal, Plymouth purchased the property from Huntington Industrial Partners for $3.7 million.

43. Plymouth REIT Expands Memphis Portfolio -

Boston-based real estate investment firm Plymouth Industrial REIT has expanded its local portfolio with the acquisition of a 132,000-square-foot industrial center in southeast Memphis.

In the deal, Plymouth purchased the property from Huntington Industrial Partners for $3.7 million.

44. Tennessee Taco Opens in Former Los Compadres Space -

3295 Poplar Ave.
Memphis, TN 38111

45. 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.

46. Financial Services Firm Takes Floor in Clark Tower -

In this week’s Real Estate Recap, a financial services firm inks a full floor in Clark Tower and Crosstown High School files a $4.1 million permit to build-out space in the Crosstown Concourse for its charter school that is scheduled to open next fall. 

47. Financial Services Firm Takes Floor in Clark Tower -

In this week’s Real Estate Recap, a financial services firm inks a full floor in Clark Tower and Crosstown High School files a $4.1 million permit to build-out space in the Crosstown Concourse for its charter school that is scheduled to open next fall. 


48. Last Word: Game Day, Corker at Southwind on Taxes and Trump and Hotel Stats -

The game is on rain or shine at the Liberty Bowl Thursday. And the start of the Tigers football season could be a very soggy start with remnants of Hurricane Harvey arriving. So while tailgating on Tiger Lane may involve umbrellas, none are allowed in the Liberty Bowl itself. Ponchos it is for your face time on CBS Thursday evening.

49. Highwoods in Talks to Backfill MassMutual Space at Triad III -

Even with a renewed interest in the city’s core and two new office buildings under construction, Class A space in the East Submarket is about as hot as it gets right now, so it’s not a surprise that the soon-to-be-vacated space currently occupied by a Memphis-based MassMutual firm in Triad Centre III has already drawn serious interest.

50. Financial Services Firm Inks Deal At Clark Tower -

According to multiple sources close to the deal, the Memphis arm of MassMutual will merge with a Nashville-based financial group and move its combined operations into the 23rd floor of the Clark Tower.

51. New Tenant to Take 23rd Floor of Clark Tower -

According to multiple sources close to the deal, the Memphis arm of MassMutual will merge with a Nashville-based financial group and move its combined operations into the 23rd floor of the Clark Tower.

52. Council OKs $6M Loan for Wonder Bread Garage -

The Memphis City Council approved a $6 million loan on Tuesday, Aug. 22, to help finance the development of a 481-space parking garage that’s a key part of the $73 million Wonder Bread redevelopment.

53. South City Redevelopment Activity Heating Up -

The up-and-coming South City neighborhood is enjoying a resurgence of redevelopment activity lately, with the restoration of several historic properties, new multifamily construction and talk of bringing in a grocery store. The city and the Downtown Memphis Commission have been instrumental in the renewed interest, with noteworthy projects including the Clayborn Temple, the Universal Life Building and the demolition of Foote Homes.

54. Confederate Monuments Controversy Comes to City Hall -

The question of timing in removing two Confederate monuments from city parks arrives at City Hall Tuesday, Aug. 22.

A Memphis City Council resolution that would instruct the city administration to immediately remove and/or sell Confederate monuments in city parks is scheduled for discussion at the 2:15 p.m. executive session and could be added to the council agenda or voted on later at the first council session in September.

55. Last Word: Crosstown & Forrest, Eclipse Day and The Problem With Day Care -

As an organizer of Saturday’s “Take Them Down” rally at Health Sciences Park walked toward Union Avenue where Memphis Police had taken one of the protesters arrested there, he looked at another organizer and said, “It’s time to make the call.” The call was bail money for the five, soon to be six people arrested. These were the first arrests of the last week of new momentum for an issue that has risen and subsided for decades now in our city.

56. Downtown Lofts to Begin Second Phase -

In this week’s Real Estate Recap, 266 Lofts in Downtown Memphis begins its second phase, Peak Capital closes on a massive Cordova apartment complex, and a Chattanooga-based rock climbing gym purchases land in East Memphis.

57. Two Portfolios Near Airport Sell for Combined $26M -

Nearly 2 million square feet of industrial space near Memphis International Airport has switched hands for a combined $25.9 million in a pair of recently closed deals.

The larger of the two was a 70-acre, 13-property portfolio in the Airport Distribution Center and Delp Distribution Center that sold for $18.1 million.

58. South City Redevelopment Heats Up With Renovations, New Construction -

The up-and-coming South City neighborhood is enjoying a resurgence of redevelopment activity lately, with the restoration of several historic properties, new multifamily construction and talk of bringing in a grocery store. The city and the Downtown Memphis Commission have been instrumental in the renewed interest, with noteworthy projects including the Clayborn Temple, the Universal Life Building and the demolition of Foote Homes.

59. How Many Funds Make a Good Mix? -

Ray’s Take: When it comes to building a portfolio for retirement, your goal shouldn’t be to load up with as many different types of investments as you can in the hopes that you’ll outsmart any fluctuations in the market. Diversification, like all things, has its limits.

60. Lazarov Strategizes to Strengthen Memphis Businesses -

There’s a lot Jami Lazarov can’t tell you about her work. The young attorney – three years into her position as a senior associate attorney at Wyatt, Tarrant & Combs LLP – practices the kind of law carried out in high-pressure offices and boardrooms, not high-drama courtrooms. And the specifics stay between Lazarov and her many influential Memphis clients.

61. Wonder Bread Garage Gets OK From Parking Authority -

The Downtown Parking Authority has given its approval to the 481-space parking garage connected to the $73 million Wonder Bread redevelopment, paving the way for developers PGK Properties to seek final approval from the Memphis City Council and Shelby County Commission.

62. Last Word: Night in the Park, Hattiloo Goes Bigger & Cohen on the Republican Soul -

A gathering in Health Science Park a little before 11:30 Monday evening by a group of protesters who Facebooked that their intent was to take down the statue of Nathan Bedford Forrest. Memphis Police showed up quickly and the police supervisor told those around the statue that the park is a private park and that no one can be in the park after 8 p.m. No arrests but the police did ask for identification from those in the park.

63. Last Word: Charlottesville Reaction, Stax & Atlantic Together Again and MEMFix -

The violence in Charlottesville, Virginia over the weekend will be on a lot of minds in a lot of other places including Memphis as this week begins. And the discussion here in Memphis is already underway. The gathering point Saturday just hours after a suspected white supremacist drove his car into a group of counter protesters in Charlottesville really didn’t even need a lot of billing or explanation.

64. Cordova Apartment Community Sells for $27.9M -

The Charleston, a 284-unit apartment community on the east side of Houston Levee Road just south of U.S. 64, has sold for $27.9 million, marking a new chapter for a property that was built just last year.

65. Last Word: Primary Care, Weirich On Twitter and Tigers Offense -

Shelby County District Attorney General Amy Weirich has been responding by Twitter for the last two days to the New York Times Magazine article about the Noura Jackson case that went up online earlier this week. Using the hashtag “ProCrimeNYTimes,” Weirich @ShelbyCountyDA -- tweeted Wednesday that the long read is “a blatant effort to create sympathy for the defendant while demonizing prosecutors.”

66. Cordova Apartment Community Sells for $27.9M -

The Charleston, a 284-unit apartment community on the east side of Houston Levee Road just south of U.S. 64, has sold for $27.9 million, marking a new chapter for a property that was built just last year.

67. Last Word: St. Jude School, More Gannett Moves and Maida Pearson Smith -

For most, the school year starts next week. But classes are already underway at St. Jude’s new Graduate School of Biomedical Sciences, an idea 15 years in the making, according to the physician who had that idea. The school is a big step in higher education in Memphis and its road to research center status.

68. Developers Baking $73 Million Deal at Wonder Bread Plant -

A development group wants to breathe new life into the former Wonder Bread plant that used to fill the Memphis Medical District with the smell of fresh bread before it closed in 2013.

A group of investors spearheaded by Chisca Hotel Developers – Development Services Group – has submitted a $73 million plan to create 286 upscale multifamily units, a 480-space parking garage and 150,000 square feet of office and retail space.

69. HealthChoice Promotes Henning To Director of Population Health -

Sarah Henning has been promoted to director of population health programs at HealthChoice. Henning previously served as manager of the department. In her new role, Henning is responsible for designing, implementing and managing population health and wellness initiatives and programs for the HealthChoice network.
She also collaborates with stakeholders to promote and support these programs and to ensure they meet the needs of the affected populations and adapt with the changing health care environment.

70. UrbanArt Commission Will See Tighter City Guidelines -

Memphis City Council chairman Berlin Boyd put his move to abolish the UrbanArt Commission on hold Tuesday, July 25, in favor of tighter oversight of the UAC’s public art program, which totals 1 percent of city expenditures on capital projects.

71. Fully Loaded -

It’s almost like the first half of 2017 was a decade in the making, at least when it comes to commercial real estate. Throughout all four major sectors of the Memphis-area commercial real estate market – industrial, office, retail and multifamily – figures are consistently reaching or exceeding pre-recession marks.

72. UrbanArt Commission to See Tighter City Guidelines -

Memphis City Council chairman Berlin Boyd put his move to abolish the UrbanArt Commission on hold Tuesday, July 25, in favor of tighter oversight of the UAC’s public art program, which totals 1 percent of city expenditures on capital projects.

73. Gillette Out, ServiceMaster to Spin Off Unit -

To Memphians, Rob Gillette is the ServiceMaster Global Holdings Inc. leader who moved the company’s headquarters from East Memphis to Downtown and put the old Peabody Place Mall back in use.

74. Overton Gateway Compromise Approved By Council -

Memphis City Council members approved the Overton Gateway mixed residential development Tuesday, July 25 in a pair of unanimous votes – one for the plans on the north side of Sam Cooper Boulevard at East Parkway and the other for the plans on the south side of Sam Cooper at East Parkway.

75. Overton Gateway Compromise Approved By Council -

Memphis City Council members approved the Overton Gateway mixed residential development Tuesday, July 25 in a pair of unanimous votes – one for the plans on the north side of Sam Cooper Boulevard at East Parkway and the other for the plans on the south side of Sam Cooper at East Parkway.

76. Council Vote Puts Overton Gateway Compromise To Test -

Memphis City Council members will put a tentative compromise on the proposed Overton Gateway development to the test Tuesday, July 25.

The council is scheduled to vote on the multifamily apartment project to be built by Makowsky Ringel Greenberg that encompasses both sides of Sam Cooper Boulevard at East Parkway.

77. Venezuela Strike Erupts Into Sporadic Violence -

CARACAS, Venezuela (AP) — A nationwide strike against plans to rewrite the constitution shut down much of Venezuelan's capital Thursday before erupting into sporadic violence when protesters clashed with riot police and burned a post office near the headquarters of the main state-run broadcaster.

78. MRG, Thomas & Betts Receive Tax Incentives -

Makowsky Ringel Greenberg and Thomas & Betts were both awarded tax incentives to advance their respective projects by the Economic Development Growth Engine for Memphis and Shelby County on Wednesday, July 19.

79. Madison @ McLean Project Awarded 14-Year Tax Abatement -

Local multifamily development group Makowsky Ringel Greenberg has been awarded a 14-year tax abatement to construct a 132,477-square-foot, 108-unit apartment complex in Midtown Memphis.

Named Madison @ McLean after the eponymous Midtown intersection it will reside on, the $14 million project is the first ever recipient of a Residential PILOT (payment-in-lieu-of-taxes), incentive, which was created earlier this year by the Economic Development Growth Engine for Memphis and Shelby County.

80. Thomas and Betts Expanding, Creating 90 New Jobs -

New details are emerging surrounding the relocation Thomas & Betts’ headquarters as the manufacturing company has announced that it is expanding its operations in Memphis by consolidating its R&D Functions to a new facility in Memphis, creating 90 new jobs.

81. 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

82. 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

83. Last Word: The List Lawsuit, Charlie Morris on 1939 and New Rules for Democrats -

This looks like the end of Grit ‘n’ Grind as we wait for the other shoe to drop following Zach Randolph’s exit from the Grizzlies to Sacramento. There were a lot of rumors Wednesday, the day after Randolph’s $24 million free agency deal, including some about Marc Gasol and the Celtics. And then Tony Allen dropped a Grizz reference from his Twitter account causing even more speculation.

84. $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...

85. $18.5 Million Permit Filed For Central Station Project -

The developers of the Central Station, located at 545 S. Main St., filed an $18.5 million building permit application with the city-county Office of Construction Code Enforcement to convert the existing building from residential apartments to a hotel.

86. Chamber Names 2017 Young Memphian Winners -

The Greater Memphis Chamber has announced its official 2017 Young Memphians list, which will be featured in the summer issue of Memphis Crossroads Magazine.

Nominations for the Young Memphians award were submitted via the chamber’s website, social media outlets and email. All nominees must be under 40 and a member of the Greater Memphis Chamber.

87. UK Moves to Ease Tensions After Van Attack on London Muslims -

LONDON (AP) — British authorities and Islamic leaders moved swiftly to ease concerns in the Muslim community after a man plowed a large van into a crowd of worshippers outside a north London mosque early Monday, injuring at least nine people.

88. Tensions Rise in Syria as Russia, Iran Send US Warnings -

BEIRUT (AP) — Russia on Monday threatened aircraft from the U.S.-led coalition in Syrian-controlled airspace and suspended a hotline intended to avoid collisions in retaliation for the U.S. military shooting down a Syrian warplane.

89. Facilities, Football Fever Growing At the University of Memphis -

Somewhere, in a long-ago Division I sports galaxy far away, an athletic director could catch his breath after his college baseball team made its last out and before his football team started practice. Not so much now.

90. Last Word: Disaster Paperwork, The Whitehaven Plan and Juvenile Justice -

On its way to Washington is the paperwork for a federal disaster declaration sent Wednesday by Tennessee Gov. Bill Haslam. It includes Shelby County and 11 other Tennessee counties. This is essentially federal funding that will reimburse local government for money they spend up front for these kinds of disasters. The state’s request also includes a call for individual assistance to Shelby County homeowners and business owners whose property was damaged in the Memorial Day weekend storms.

91. Gunman Who Shot Congressman Had History of Anti-GOP Activity -

BELLEVILLE, Ill. (AP) – The gunman who shot a top GOP congressman and several other people Wednesday at a baseball practice outside the nation's capital had a long history of lashing out at Republicans and once frightened a neighbor by firing a rifle into a field behind his Illinois house.

92. Hernando Ice Cream Parlor Preparing Crosstown Location -

1350 Concourse Ave.

Memphis, TN 38104

Permit Amount: $80,000

Application Date: June 2017

93. Nordstrom Family Considering Buyout of Department Store -

NEW YORK (AP) – Members of the Nordstrom family including co-presidents Blake, Peter and Erik Nordstrom are considering making an offer to buy out the 70 percent of the department store's stock they don't already own.

94. Tennessee Brewery Developers Seek Incentives for Second Phase -

The developers of the Tennessee Brewery project are seeking a 20-year tax abatement to begin construction on phase two of their Downtown Memphis mixed-use development.

William Orgel, Jay Lindy and Adam Slovis, representing 495 TN Partners, have applied to the Center City Revenue Finance Corp. for a payment-in-lieu-of-taxes incentive to build an additional 130-unit, four-story building they estimate will cost around $12.3 million.

95. Tennessee Brewery Developers Seeking Tax Incentives for Second Phase -

The developers of the Tennessee Brewery Project have applied for a 20-year tax abatement with the Center City Revenue Finance Corporation to begin construction on phase two of their Downtown Memphis mixed-use development.

96. City Council Settles Budget, But Other Issues Remain -

The budget season at City Hall is over with the Tuesday, June 6, Memphis City Council vote approving a $680 million city operating budget, an $81.3 million capital budget and a $3.27 city property tax rate.

97. US Services Firms Expanded at Solid But Slower Pace in May -

WASHINGTON (AP) – U.S. services companies expanded at a slightly slower pace in May compared with the previous month, a sign that modest economic growth is likely to continue.

The Institute for Supply Management, a trade group of purchasing managers, said Monday that its services index slipped last month to 56.9 from 57.5 in April. Any reading above 50 indicates expansion. Sales and new orders grew more slowly, while a measure of employment showed companies stepped up hiring.

98. Walmart Touts Investment in People, Technology as Advantages -

FAYETTEVILLE, Ark. (AP) – Walmart CEO Doug McMillon touted the company's investments in people and technology, but also said the company may have reached an employment peak and urged employees not to be afraid of automation.

99. City Council Weighs $7.3M Cut in Police Budget -

Memphis City Council members will likely be discussing possible amendments to the city budget right up to the final June 6 votes on the budget and tax rate resolutions and ordinances.

In a council budget committee wrap-up session Tuesday, May 30, that drew nine of the 13 council members, the group considered but took no action on a proposal by council member Martavius Jones to cut $7.3 million in funding for the Memphis Police Department.

100. City Council Discusses $7.3 Million Cut in Police Budget -

Memphis City Council members will likely be discussing possible amendments to the city budget right up to the final June 6 votes on the budget and tax rate resolutions and ordinances.

In a council budget committee wrap-up session Tuesday, May 30, that drew 9 of the 13 council members, the group considered but took no action on a proposal by council member Martavius Jones to cut $7.3 million in funding for the Memphis Police Department.