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Editorial Results (free)

1. AutoZone Expanding Downtown, One Commerce Square Hits Market -

40 S. Main St.

Memphis, TN 38103

Property: One Commerce Square Building 

Seller: Memphis Commerce Square Partners LLC

Details: One Commerce Square, the fourth-largest building in Memphis, has hit the market.

2. Strickland: City Given Enough For Entertainment -

Memphis Mayor Jim Strickland says he would support some kind of incentives for the manufacturing facility Graceland wants to open in Whitehaven. But not if it’s linked to a greater share of city and county property tax revenue for a 6,200-seat arena Graceland also wants to build.

3. Last Word: The Graceland Campaign, NFL Draft Run Down and Heritage Trail's Story -

Riverside Drive is partially closed through Tuesday and then completely closed starting Wednesday marking the official start of Memphis In May and much of what is spring and summer in Memphis. Following close behind is registration for the Dragon Boat Races in mid-May. But it’s not all fun and games and detouring as you draw close to the river.

4. Sears' Biggest Shareholder Offers to Buy Kenmore Brand -

NEW YORK (AP) – Sears' biggest shareholder has suggested the company sell its well-known Kenmore brand and some real estate holdings, offering itself as a potential buyer.

The ailing company has sold off other major brands as it struggles to stay afloat, with Kenmore a notable remainder of the powerhouse retailer that survived two world wars and the Great Depression.

5. Last Word: Holder in Memphis for MLK 50, EDGE Sets a Date and South City Moves -

The week of MLK50 commemorations began Monday with a speech by former U.S. Attorney General Eric Holder and the arrival Monday afternoon of Rev. Bernice King, the youngest child of Dr. Martin Luther King Jr. Meanwhile, Monday's day of free admission to the museum, underwritten by FedEx drew a long line. It also drew some remote trepidation that tends to make the situation seem worse than it is once you actually go there for yourself.

6. ServiceMaster Hires Chief Transformation Officer -

Memphis-based ServiceMaster Global Holdings Inc. has named a new senior vice president and chief transformation officer.

7. ServiceMaster Names Chief Transformation Officer -

Memphis-based ServiceMaster Global Holdings Inc. has named a new senior vice president and chief transformation officer.

8. City Council Eyes Hotel-Motel Tax to Fund Pre-K -

Memphis City Council members will discuss a still-forming proposal Tuesday, Nov. 7, to fund universal prekindergarten in Memphis public schools by hiking the hotel-motel, or bed tax rate.

The 2:15 p.m. executive session discussion is around a proposal by council member Kemp Conrad that would increase the hotel-motel tax from 3.5 percent to 5 percent, which is the state’s cap on the tourism tax. The estimated $3.5 million that would generate would go toward a $7.9 million loss of funding for pre-K in 2019 when a federal pre-K grant runs out.

9. Drivers Whose Cars Were Flooded by Harvey Can't Find Rentals -

BEAUMONT, Texas (AP) – His three vehicles flooded by Hurricane Harvey, Jason Bell checked at one car-rental office only to find about 2,500 people ahead of him on the waiting list. When he tried a more out-of-the-way location, the reservations still numbered about 300.

10. Downtown Core Attracting More Corporate Tenants -

Hamida Mandani, who with her husband Sunny owns City Market at the corner of Main Street and Union Avenue, is anticipating lots of potential new customers soon for her small grocery and deli enterprise.

11. Permit Filed for Boutique Arrive Hotel Downtown -

477 S. Main St.
Memphis, TN 38103 

Permit Amount: $5.3 million

Application Date: February 2017

Completion: 2018

12. Bursting the Bubble -

Graceland is in Memphis. But the two have tended to coexist, rather than being part of each other, since Elvis Presley’s home opened as a commercial enterprise in 1982.

That is starting to change as a $137 million expansion of Graceland – a $92 million hotel resort opening in October and a $45 million, 200,000-square-foot entertainment complex west of the mansion to open in the spring of 2017 – begins to overlap with a renewed emphasis on Whitehaven as the home of many of the city’s middle class.

13. Chism Opens Capital Advisors/Bellwether Enterprise's Memphis Office -

Jeremy Chism has joined Capital Advisors/Bellwether Enterprise as vice president to open the company’s Memphis commercial real estate loan production office. The firm provides financing solutions through a vast network of insurance companies, CMBS lenders and commercial lenders for commercial real estate.

14. Diamond-Roberts Merger Announces New Name -

The newly merged Diamond Cos. and Roberts Truck Center dealerships have settled on a new name and logo.

The new company will be called Summit Holdings and will do business as Summit Truck Group, Summit Bus and Summit Lease & Rental. The new Summit logo uses orange and grey lettering to represent the merger of the two family businesses.

15. Diamond-Roberts Merger Announces New Name -

The newly merged Diamond Cos. and Roberts Truck Center dealerships have settled on a new name and logo.

The new company will be called Summit Holdings and will do business as Summit Truck Group, Summit Bus and Summit Lease & Rental. The new Summit logo uses orange and grey lettering to represent the merger of the two family businesses.

16. Enterprise Holdings to Hire 11,000 -

ST. LOUIS (AP) – Enterprise Holdings told The Associated Press on Wednesday that it plans to hire 11,000 new workers by the middle of next year, thanks to the success of its trio of car rental companies.

17. Transportation Center Welcomes Rental Car Operations -

The first two floors of the new $90 million ground transportation center at Memphis International Airport officially opened for rental car business on Wednesday, March 6, marking the latest in a series of airport upgrades and renovations aimed at improving the traveling experience for millions each year.

18. Carpenter Leaves Ad Agency He Helped Found -

Doug Carpenter has sold his interest in the advertising firm carpenter | sullivan | sossaman to fellow managing principal Brian Sullivan for an undisclosed amount, the longtime friends and business partners told The Daily News on Tuesday.

19. Enterprise Rent-A-Car Building 10,000-Square-Foot Facility -

2424 Appling Road
Memphis, TN 38133
Permit Amount: $2.3 Million

Project Cost: TBA
Permit Date: Applied November 2008
Completion: Summer 2009
Owner: Enterprise Rent-A-Car
Tenant: Enterprise Rent-A-Car
Contractor: Chris Woods Construction Co. Inc.
Architect: Renaissance Group

20. Gov't May Soon Loosen Capital Restraints On Fannie, Freddie -

WASHINGTON (AP) - Fannie Mae and Freddie Mac are expected to get further financial leeway from the government, enabling the mortgage-finance companies to expand their roles in the stricken housing market.

21. Freddie's Chief Financial Officer Says the Company has Enough Capital to Make it Through 2008 -

WASHINGTON (AP) - Freddie Mac on Thursday said its loss widened to $2.5 billion in the fourth quarter of 2007 as mortgage defaults mounted and falling interest rates hurt certain investments.

22. Federal Regulator Lifts Limits on Mortgage Portfolios Held by Fannie Mae and Freddie Mac -

WASHINGTON (AP) - Fannie Mae and Freddie Mac will be allowed to expand their roles in the turbulent mortgage market even as worsening conditions in the housing sector punish the two companies.

23. Lawmakers Say Bigger Role for Fannie, Freddie Should Also Come with Tighter Gov't Oversight -

WASHINGTON (AP) - Senators on Thursday said Fannie Mae and Freddie Mac should play a bigger role in helping struggling homeowners even as they called for tighter oversight of the government-sponsored mortgage finance companies.

24. Democrats Compromise On Increase In Portfolio Caps -

WASHINGTON (AP) - Congressional Democrats have reached a compromise on allowing two government-sponsored mortgage companies to increase their debt holdings in an effort to help financially struggling homeowners.

25. White House Could Create Special Mortgage Market Adviser -

WASHINGTON (AP) - Top congressional Democrats called Wednesday for the Bush Administration to appoint an adviser to coordinate the federal government's response to mounting foreclosures around the country.

26. Freddie Mac Pays $50MTo Settle Charges -      Freddie Mac, the nation's second-largest financer of home mortgages, is paying a $50 million fine to settle civil securities fraud charges brought by federal regulators in a four-year accounting lapse.

27. Regulators Ease Limits on Fannie’s, Freddie’s Mortgage Debt -

WASHINGTON (AP) - The government on Wednesday nudged higher the investment caps for home-loan finance companies Fannie Mae and Freddie Mac in an effort to alleviate strain in the mortgage market.

28. Mortgage Giants may not Provide Silver Bullet for Distressed Market, Experts Say -

WASHINGTON (AP) - Easing the investment constraints faced by Fannie Mae and Freddie Mac may not be enough to rescue homeowners and investors caught up in the mortgage market turbulence.

Shares of the government-sponsored home-loan financiers have surged in recent days on speculation that regulators will raise the amount of mortgage securities Fannie and Freddie can hold as investments. Mainstream Wall Street analysts believe such a move would ease the country's housing woes by injecting more cash into the market.

29. The Plot Thickens -

Shortly after losing the Democratic primary for a seat on the Shelby County Commission this past summer, Memphis businessman Joe Cooper left town to unwind and visit family members.

It had been a grueling campaign for the seat vacated by former Republican commissioner Bruce Thompson. Cooper, a former car salesman and well-known associate of the late Memphis billboard baron William B. Tanner, nevertheless decided to combine his family trip after the campaign with a little business.

30. Former Immigrant Among Out-of-Towners Buying Memphis Industrial Real Estate -

It's perhaps an understatement to say that Moshe Silagi, a Southern California developer who functions most of the time on less than six hours of sleep a night, loves the art of the real estate deal.

31. Archived Article: Newsmakers - Dr

Physician Selected to Chair Methodist Board

Dr. Richard Hollis was named chairman of Methodist Healthcares board of directors, marking the first time in the hospitals history a physician has been named board chairman. Hollis received a bach...

32. Archived Article: Real Recap - 3100 Bellbrook Drive

St. Clair Foods Plans to Expand

3100 Bellbrook Drive

Memphis, TN 38116

Cost: $3.4 million

Buyer: York Properties LLC

Seller: APF Bellbrook Industrial Inc.

Property: A 108,000-square-foot building and 11 acre...

33. Archived Article: Market Briefs - Orgill Inc Orgill Inc., headquartered in Memphis, announced it has contracted with Florida-based Gemini Warehouse Inc. to handle Orgills international export logistics and consolidation operations in Jacksonville and Miami, Fla. Both locations have ...

34. Archived Article: Real Review - Real Estate Review 10-05-99 Real Estate Review 10-05-99 Construction is underway on a 50,000-square-foot office building for Airborne Express at 3474 Winchester Road, according to Shelby County Construction Code Enforcement records. The $2.1 million...

35. Archived Article: Real Briefs - Weingarten buys 3 properties in Weingarten Realty Investors, a Houston-based real estate investment trust, announced it has bought three industrial properties in Memphis, totaling about 680,000 square feet, from Equitable Life Assurance Society. The...

36. Archived Article: Real Review Lj - lj 10/5 cates Market commentary. Last week, interest rates on 30-year, fixed-rate conventional and government loans remained near unchanged. Last weeks two- and five-year Treasury auctions were met with lackluster response from investors, according ...