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Editorial Results (free)

1. Feds Ban Theranos CEO From Running Lab for 2 Years -

Federal regulators dealt a major blow to troubled blood-testing startup Theranos, banning its founder and CEO from owning or running a medical laboratory for two years.

The sanctions, announced late Thursday by the company, follow months of investigation by government testing regulators at the Centers for Medicare & Medicaid Services. Theranos, which was reportedly worth $9 billion two years ago, is the latest much-hyped Silicon Valley firm to stumble while trying to enter the health care field.

2. ‘Critical Mass’ -

Shelby County Schools superintendent Dorsey Hopson calls it “a brave new world” after four years of unprecedented changes: the merger and demerger of the county’s public schools systems, the rise of charter schools, the formation of both the state-run Achievement School District and locally run Innovation Zone model, and declining SCS enrollment.

3. Forbes: Former Richest Self-Made US Woman Now Worth Nothing -

NEW YORK (AP) – Forbes has revised the net worth of the woman it crowned America's richest self-made woman last year from $4.5 billion to nothing.

Forbes says its estimate of Elizabeth Holmes' wealth is based entirely on her 50 percent stake in troubled blood-testing startup Theranos. The company acknowledged in April that it's under investigation by several regulators and agencies following a series of reports by The Wall Street Journal in which former employees said the company's tests were unreliable. The tests use only a few drops of blood.

4. Whitehaven Empowerment Zone Begins To Take Shape -

Public education is a “noble profession,” Whitehaven High School principal Vincent Hunter told a group of 100 parents and teachers in the high school’s auditorium last week.

5. EDGE OKs Fast Track PILOT Program -

The board of the Memphis-Shelby County Economic Development Growth Engine has approved a new tax incentive package designed to give Memphis a more competitive edge against North Mississippi.

The EDGE board green-lighted the Fast Track PILOT program at its Wednesday, May 18, meeting, making it EDGE’s fifth payment-in-lieu-of-taxes program.

6. SCS Budget Plan Goes To School Board For Vote Monday -

Shelby County Schools board members meet Monday, May 16, to vote on a budget proposal that goes to the Shelby County Commission for funding.

The budget proposal up for a vote Monday has $27 million in red ink – the gap between revenues and expenses.

7. May 13-19: This week in Memphis history -

1976: A Marx & Bensdorf ad in The Daily News offers a 170-acre estate at Holmes and Center Hill roads, then south of the Collierville city limits, for sale for $1.1 million. The “picture book” estate is advertised as the one-time home of the state’s most famous walking horse, Carbon Copy, the 1964 world grand champion.

8. Tennessee Leads the Nation in Bankruptcies -

Tennessee has a model program for financial literacy in its public schools. All high school students must pass a personal finance course to graduate, and even kindergartners are learning about money under a new initiative to extend the curriculum to primary school.

9. Hopson Adds Empowerment Zone, Other School Moves to Closings List -

Shelby County Schools Superintendent Dorsey Hopson coupled a tentative school closings list heavy with charter schools Tuesday, April 19, with a Whitehaven “empowerment zone” and other reconfigurations for the school year that begins in August.

10. Neil Young, Paul Simon, Modest Mouse Top Beale Street Music Fest Lineup -

Neil Young, Beck, Paul Simon, Train and Modest Mouse are among the headliners for the 2016 Beale Street Music Festival, April 29-May 1, in Tom Lee Park.

11. Orleans at Walnut Grove Sells for $29.2 Million -

317 Royal Chartres Square E.
Cordova, TN 38018

Sale Amount: $29.2 million

Sale Date: Feb. 4, 2016

Buyer: PC Orleans LLC

12. Memphis City Council to Get Police Body Camera Update -

Memphis City Council members are to get a timeline Tuesday, Feb. 16, on the roll out of police body cameras from Memphis Mayor Jim Strickland as well as some idea of the additional cost.

13. VIA Productions Acquires Beale Street Studios -

Memphis-based VIA Productions is moving forward with a plan to increase its presence in the Mid-South via the acquisition of Beale Street Studios, a full-service production studio that’s also giving VIA its new headquarters.

14. VIA Productions Acquires Beale Street Studios -

Memphis-based VIA Productions is moving forward with a plan to increase its presence in the Mid-South via the acquisition of Beale Street Studios, a full-service production studio that’s also giving VIA its new headquarters.

15. EDGE Grants Development Loans to 4 Inner-City Businesses -

Memphis’ inner-city neighborhoods garnered $79,000 in business development loans at the Feb. 3 meeting of the Memphis-Shelby County Economic Development Growth Engine’s finance committee.

16. Belz Sells Linden Camilla Towers for $14.4 Million -

256 S. Camilla Street
Memphis, TN 38104

Sale Amount: $14.4 million

Sale Date: Dec. 6, 2015

17. Exeter Property Group Transfers 13 Properties -

Exeter Property Group has sold 13 Memphis industrial properties for a combined $143.3 million – all part of the massive deal in which Exeter sold its U.S. industrial portfolio for $3.2 billion.

18. Exeter Property Group Transfers 13 Properties -

Exeter Property Group has sold 13 Memphis industrial properties for a combined $143.3 million – all part of the massive deal in which Exeter sold its U.S. industrial portfolio for $3.2 billion.

19. Whitehaven View Apartments Sell for $2.7 Million -

1594 E. Holmes Road
Memphis, TN 38116

Sale Amount: $2.7 million

Sale Date: Dec. 14, 2015

20. Whitehaven View Apartments Sell for $2.7 Million -

A Whitehaven apartment complex has sold for $2.7 million.

Memphian Steven B. Burrell bought the property at 1594 E. Holmes Road from Tennessee-based Saddle Vineyards L.P., according to a special warranty deed filed Dec. 14.

21. Food-Focused Nonprofits Join Under Memphis Tilth Banner -

Meet Memphis Tilth. Four of the city’s food and farming nonprofits, which cover areas ranging from soil health to food justice to produce distribution, are convening under a single banner.

The Memphis Tilth organization can offer a more comprehensive and sustainable approach to building a better local food system by combining the efforts of the Memphis Center for Food and Faith, GrowMemphis, Urban Farms-Memphis and Bring It Food Hub.

22. Collierville Opens Hinton Park -

There was music in the air as Collierville Mayor Stan Joyner formally opened the town’s 110-acre Hinton Park on Wednesday, Nov. 11. Chimes and a xylophone with a few drum beats, to be exact.

Located in southwest Collierville, the $5.5 million Hinton Park features two playgrounds, one of which has outdoor musical instruments that got a good workout on their first day on the job.

23. Events -

The Town of Collierville will open the 110-acre Hinton Park with a ribbon-cutting and dedication ceremony Wednesday, Nov. 11, at 2 p.m. at 10524 E. Holmes Road. The destination park features a five-acre fishing lake, two playgrounds, two disc golf courses and three miles of trails. Call 901-457-2210 for details.

24. Huge Memphis Industrial Lease Caps Busy Q3 -

The largest lease of the year has gone to a Fortune 500 Company.

TJX Cos., the parent company of T.J. Maxx, Homegoods and Marshalls, signed on with 800,000 square feet at Memphis Oaks III in Southeast Memphis.

25. Boyle Buys Vining Sparks HQ For $16.3M -

776 Ridge Lake Boulevard
Memphis, TN 38120

Sale Amount: $16.3 million

Sale Date: Oct. 15

26. Holmes Road Warehouse Gets $5M Expansion -

Panattoni Development Co. has filed a $5 million building permit for interior alterations to the Memphis Oaks III warehouse.

27. Books from Birth Surpasses 4 Million-Book Mark -

For adults, mail isn’t very exciting. It’s typically a bill or insurance statement. Maybe it’s a catalog or coupon booklet. But for kids, mail has a different connotation.

Maybe it’s a birthday invitation or a postcard from a well-traveled relative. And for 100,000 children so far in Shelby County, it comes every month in the form of a new book.

28. What’s Next for Memphis College of Art's Downtown Space? -

If the Memphis College of Art proceeds with consolidating its graduate school operations on its Overton Park campus, the South Main Historic Arts District would be left with a 48,000-square-foot opportunity in ready-to-lease space.

29. Chamber Names SoundCheck Executive Committee -

A new group of executive committee members have been announced for the second year of SoundCheck, the Young Professional Council of the Greater Memphis Chamber.

The new members include chair Trey Carter of OCTI Training; vice chair Anna Cardona of ETFC Architects; Thomas Holmes of NexStar Broadcasting; Schuyler Dalton of Roots Memphis Farm Academy; Frankie Dakin of the New Memphis Institute; Teddy Gorman of Gorham/Schaffler Inc.; and Brittney Rowe of Paragon Bank.

30. Furthering Dreams -

Kiera Aycock is starting her freshman year at the University of Memphis. She will live in a dorm. And she will major in criminology, or in psychology with an emphasis in criminology.

A graduate of Southaven High School, she has earned several scholarships including the Community Scholarship from the Community Foundation of Greater Memphis for her volunteer efforts with Memphis Miles for Myeloma run/walk, and her work with Bridge Builders and Student Ambassadors at her high school.

31. TCAP School-Level Scores Released -

State education officials released achievement test scores Monday, Aug. 3, for individual public schools across the state.

With the announcement of the Tennessee Comprehensive Assessment Program – or TCAP – scores, 35 Shelby County Schools achieved “Reward” status.

32. TCAP School-Level Scores Released -

State education officials released achievement test scores Monday, Aug. 3, for individual public schools across the state.

With the announcement of the Tennessee Comprehensive Assessment Program – or TCAP – scores, 35 Shelby County Schools achieved “Reward” status.

33. Council Redisricting Plan Raises Possibility of Unintentional District Shifts -

Memphis City Council members are reviewing a proposed redrawing of their district lines that would move 9,522 Memphians into different council districts a month and a half before early voting opens for the Oct. 8 Memphis elections.

34. Details Emerge on Planned Binghampton Retail Center -

The Binghampton neighborhood is inching closer to landing a grocery store as plans for a neighborhood retail center there come into clearer focus.

The Binghampton Development Corp. has signed a “letter of intent” with an unidentified national supermarket chain to build a store at the corner of Sam Cooper Boulevard and Tillman Street. It also is pursuing other retailers for the planned development that will bring more goods and jobs to the community.

35. TN Lawmakers Call For Removal of KKK Leader's Bust -

In the wake of a massacre at a black church in Charleston, South Carolina, a bipartisan mix of officials across Southern states are calling for the removal of Confederate flags and other symbols of the Confederacy.

36. Hillwood Pays $17.7 Million for FedEx SupplyChain Facility -

5050 E. Holmes Road and 0 Lamar Ave.
Memphis, TN 38118
Sale Amount: $17.7 million

37. Hillwood Pays $17.7M for FedEx SupplyChain Facility -

Hillwood Investment Properties, a Dallas-based commercial real estate investment company based, has purchased the Summit Distribution Center Building II, according to a special warranty deed filed June 4.

38. Hillwood Pays $17.7 Million for FedEx SupplyChain Facility -

Hillwood Investment Properties, a Dallas-based commercial real estate investment company based, has purchased the Summit Distribution Center Building II, according to a special warranty deed filed June 4.

39. Schumer's '12 Angry Men' Satire Stings -

A recent episode of “Inside Amy Schumer” parodies the 1957 Sidney Lumet movie “12 Angry Men.” A “jury” of dudes deliberate whether Schumer is “hot enough” to be on TV. Jeff Goldblum, John Hawkes, Paul Giamatti, Nick DiPaolo and Kumail Nanjiani are spot-on with their mimicry of the original actors from the movie – Henry Fonda, Ed Begely, Lee J. Cobb and others.

40. Loeb Sees Activity at Executive Square -

Loeb Properties has picked up a new lease and a lease renewal inside the Executive Square development in East Memphis.

BoCo Health Services signed a new lease for 1,007 square feet in Suite 103 at 5575 Poplar Ave. In addition, Sunshine Corp. renewed its 1,075-square foot lease in Suite 420.

41. This Week in Memphis History: March 27-April 2 -

1985: The NCAA Final Four basketball playoffs in Lexington, Ky., with the Memphis State University Tigers among the four top teams, along with St. John’s, Villanova and Georgetown.

The Tigers team of Keith Lee, Baskerville Holmes, Andre Turner, Vincent Askew, William Bedford, Aaron Price and John Wilfong – coached by Dana Kirk and recruited by assistant coach Larry Finch – lost to Villanova, which went on to beat Georgetown.

42. LEO Events’ Gigas Named Rising Star -

Airika Wallace Gigas, director of sales for Memphis-based LEO Events, has been honored with the Association of Destination Management Executives International’s Rising Star Award, given annually to one outstanding meeting and event-planning professional. Gigas, a destination management certified professional, oversees sales and operations for LEO’s local clients and clients inbound in to Memphis. She manages a team of two and a part time team of 25 people.

43. Fogelman Company Launching Retail Center in East Memphis -

6544 Poplar Ave.
Memphis, TN 38118

Permit Amount: $3.2 million

Permit Application Date: February, 2015

44. Eastern Heights Apts. Sells for $3.4 Million -

An apartment development near Chickasaw Country Club has sold for $3.4 million.

Eastern Heights Partners, a Tennessee general partnership, bought the 130-unit Eastern Heights Apartments from Eastern Heights Apartments Ltd., according to a Jan. 23 warranty deed.

45. Eastern Heights Apartments Sells for $3.4 Million -

An apartment development near Chickasaw Country Club has sold for $3.4 million.

Eastern Heights Partners, a Tennessee general partnership, bought the 130-unit Eastern Heights Apartments from Eastern Heights Apartments Ltd., according to a Jan. 23 warranty deed.

46. Opponents of Big River Steel Mill Defend Suit Against Plant -

LITTLE ROCK, Ark. (AP) – Opponents of a new steel mill under construction in eastern Arkansas argued in a court hearing Friday that they didn't forfeit their right to sue to stop the plant just because the state had already issued a permit.

47. Creative Destruction -

For about three years Veronica Skinner called the two-story, 24-unit apartment building at 480 Tillman St. in the Binghampton neighborhood home.

48. Elvis Presley Enterprises Applies for Hotel Building Permit -

3066 Elvis Presley Blvd.
Memphis, TN 38116
Permit Amount: $57 million

49. Riverdale Retail Center Fetches $1.4 Million -

A southeast Memphis retail center has been sold for $1.4 million.

City Storage East West Connector LLC sold the retail center at 5144 Riverdale Road to 5144 Realty LLC, according to a Nov. 26 warranty deed. The buyer, 5144 Realty LLC, is affiliated with New York-based Jaran Realty Corp. The seller, City Storage East West Connector, is affiliated with the Kevin Hyneman Cos.

50. 26 Industrial Properties Facing Foreclosure -

The company that purchased Farnsworth Investment Co.’s industrial portfolio in 2005 has defaulted on a $69 million loan, and now 26 of its properties are facing foreclosure, according to a first-run foreclosure notice in the Friday, Dec. 12, edition of The Daily News.

51. 26 Industrial Properties Facing Foreclosure -

The company that purchased Farnsworth Investment Co.’s industrial portfolio in 2005 has defaulted on a $69 million loan, and now 26 of its properties are facing foreclosure, according to a first-run foreclosure notice in the Friday, Dec. 12, edition of The Daily News.

52. Riverdale Retail Center Fetches $1.4 Million -

A southeast Memphis retail center has been sold for $1.4 million.

City Storage East West Connector LLC sold the retail center at 5144 Riverdale Road to 5144 Realty LLC, according to a Nov. 26 warranty deed. The buyer, 5144 Realty LLC, is affiliated with New York-based Jaran Realty Corp. The seller, City Storage East West Connector, is affiliated with the Kevin Hyneman Cos.

53. Drug Deal Murder Brings Interstate Commerce Violation -

Robbing a drug dealer can be a federal crime.

James Earl McCracken and the street gang he reputedly heads robbed and killed a man McCracken allegedly believed to be a drug dealer in July 2011, according to a Memphis federal grand jury.

54. FedEx Supply Chain Expansion Wins Tax Freeze -

FedEx Supply Chain Services appears poised to move ahead with an expansion in Memphis.

The third-party logistics arm of FedEx, recently won a five-year tax freeze for a $6.8 million expansion to its 454,713-square-foot warehouse at 5050 E. Holmes Road.

55. Incentive Applications Lag Previous Years -

Until a spate of activity this month, Memphis and Shelby County were on pace to tie a record-low for the number of payment-in-lieu-of-taxes agreements granted to companies in a year.

Through September, the city-county Economic Development Growth Engine, the primary business incentive body in Memphis and Shelby County, had awarded just four PILOTs, tied with 2006 for the lowest amount of PILOTs issued in a year since 2002.

56. EDGE Approves Trio of PILOT Tax Breaks -

Three companies – including a wing of Memphis-based FedEx – received tax breaks for projects in Memphis that total more than $25 million in capital investment and will create 272 new jobs.

57. EDGE Approves Trio Of PILOT Tax Breaks -

Three companies – including a wing of Memphis-based FedEx – received tax breaks for projects in Memphis that total more than $25 million in capital investment and will create 272 new jobs.

58. Three Companies Seek PILOTs for Projects -

Three companies – including a wing of Memphis-based FedEx – are considering investing more than $25 million in Memphis for new distribution operations that would create 272 new jobs.

“It's always good to see FedEx expanding and the other two projects appear to be new to Memphis,” said Kemp Conrad, principal of Cushman & Wakefield/Commercial Advisors. “This balanced growth is encouraging and we expect more good news later in the fourth quarter."

59. Three Companies Seek PILOTs for Distribution Projects -

Three companies are exploring Memphis for new distribution operations that would create 272 new jobs.

The third-party logistics arm of FedEx is considering an expansion in Memphis.

FedEx Supply Chain Systems Inc. is seeking a payment-in-lieu-of-taxes freeze to grow its local operations by investing $6.8 million in a 454,713-square-foot warehouse at 5050 E. Holmes Road and creating 87 new jobs.

60. Three Companies Seek PILOTs to Create 272 Jobs -

Three companies are exploring Memphis for new distribution operations that would create 272 new jobs.

The third-party logistics arm of FedEx is considering an expansion in Memphis.

FedEx Supply Chain Systems Inc. is seeking a payment-in-lieu-of-taxes freeze to grow its local operations by investing $6.8 million in a 454,713-square-foot warehouse at 5050 E. Holmes Road and creating 87 new jobs.

61. Whitehaven Flood Response Complicated -

When the Memphis area got seven inches of rain on Sept. 11, a group of Whitehaven homeowners at the state line watched once the rain stopped as their neighbors on the other side of the border got a prompter response in terms of a federal disaster declaration.

62. Council To Review Conflicting Health Insurance Numbers -

City government’s open enrollment period for health insurance begins in October and new details of health insurance benefit cuts approved in June go in the mail later this month. Yet Memphis City Council members meet in a special committee session next week to again review conflicting numbers from actuaries on the coverage.

63. Events -

The Cooper-Young Business Association will hold a Red Hot Summer Music concert Wednesday, Aug. 6, from 6:30 p.m. to 8:30 p.m. in the Cooper-Young gazebo at Cooper Street and Young Avenue. Davy Ray Bennett will perform. The series continues Wednesdays through Aug. 27. Visit cooperyoung.biz.

64. Knowledge Tree Buys Cordova Retail Center -

8195 Dexter Road
Memphis, TN 38016
Sale Amount: $1.3 million

Sale Date: July 8, 2014
Buyer: K Tree LLC
Seller: 8195 Dexter Road LLC
Loan Amount: $1.5 million
Loan Date: July 11, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of the Knowledge Tree learning center has paid $1.5 million for the 28,575-square-foot shopping center at 8195 Dexter Road in Cordova.

65. Multi-Building Office Complex Sells for $1.6 Million -

The 49,555-square-foot, multiple-building office complex at 2893 S. Mendenhall Road in Hickory Hill North has sold for $1.6 million.

66. Chamber Launches Young Professionals Group -

Before a concert gets underway, musicians will run through a soundcheck that serves as a kind of warm-up to the main event, during which participants can make suggestions for tweaks before the big show and can make sure that everything is done that needs to be.

67. Allen Gas Plant Would Be Historic Shift -

A new natural gas power plant to be built in the shadow of the Allen Steam Plant in Southwest Memphis got its first reviews Tuesday, July 8, at a Tennessee Valley Authority forum Downtown.

The session at Central Station featured lots of questions from citizens about the historic shift proposed, as well as some support for the conversion and some criticism.

68. 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.

69. Addison at Collierville Owner Files $17 Million Loan -

400 Orchard Circle
Collierville, TN 38017
Loan Amount: $16.8 million

Loan Date: July 1, 2014
Maturity Date: July 1, 2021
Borrower: G&I VII Addison at Collierville LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 226-unit Addison at Collierville apartments at 400 Orchard Circle W. has filed a $16.8 million loan on the property.

70. Holmes Shell Station Sells for $900,000 -

The Shell gas station and convenience store at 2205 E. Holmes Road in Whitehaven has sold for $900,000.

71. South Cypress Creek Meetings Planned -

The City of Memphis Division of Engineering has announced a series of neighborhood meetings focused on a stormwater master plan for the South Cypress Creek area.

The purpose of the plan is to identify potential solutions for flooding and drainage issues, and the goals of the meetings are to give people information about the project and gather information about drainage and flooding problems they’ve experienced.

72. Renovation, Expansion Underway at Saddle Creek -

The Shops at Saddle Creek has picked up a new tenant as the lifestyle center undergoes a renovation.

Marmi Shoes has leased 1,395 square feet between Vera Bradley and Madewell at Saddle Creek. St. Louis-based Marmi Shoes offers a wide variety of women’s shoe styles and sizes with a European influence. The Saddle Creek location, the first in the Memphis area and the second in Tennessee, is expected to open in the fall.

73. South Cypress Creek Meetings Planned -

The City of Memphis Division of Engineering has announced a series of neighborhood meetings focused on a stormwater master plan for the South Cypress Creek area.

The purpose of the plan is to identify potential solutions for flooding and drainage issues, and the goals of the meetings are to give people information about the project and gather information about drainage and flooding problems they’ve experienced.

74. Owner Files Loan on Fairway Townhomes -

The Utah-based owner of the 59-unit Fairway Townhomes and Apartments at 5150 Tulane Road has filed a $2.2 million loan on the property.

75. South Memphis Fence Grows Through Founder’s Experience -

Warren Price started South Memphis Fence Co. Inc. in the mid-1970s “out of need” – personal need.

He and his wife had just moved into their first home in 1974 and wanted to replace the 4-foot chain link fence with a wooden privacy fence. But they didn’t like the $2,700 to $3,000 price estimates they received. So Price and some friends got a good price on some lumber in Jackson, Tenn., rented a table saw from Dixie Rents and put up a wooden fence that came in at $800 to $900.

76. Industrial Portfolio Sells for $43 Million -

4550 Swinnea Road6005 Freeport Ave., 3399 E. Raines Road
Memphis, TN
Sale Amounts: $10.1 million; $14.8 million; $18 million

77. Industrial Portfolio Sells for $43 Million -

Affiliates of Plymouth Meeting, Pa.-based Exeter Property Group have paid a combined $42.9 million for a Memphis industrial portfolio.

The companies, in three separate special warranty deeds, bought the Memphis International Distribution Center at 4550 Swinnea Road in Oakhaven for $10.1 million, the warehouse at 6005 Freeport Avenue for $14.8 million and the warehouse at 3399 E. Raines Road for $18 million.

78. Events -

The University of Memphis will host the Civil Rights in Memphis luncheon and panel discussion Wednesday, Feb. 26, from 11 a.m. to 3 p.m. in the University Center Bluff Room, 499 University St. Visit memphis.edu/multiculturalaffairs for more information.

79. Former Motel 6 Sells for $1.4 Million -

1321 Sycamore View Road
Memphis, TN 38134
Sale Amount: $1.4 million

Sale Date: Jan. 13, 2014
Buyer: P & S Hospitality LLC
Seller: G6 Hospitality Property LLC
Loan Amount: $1.1 million
Loan Date: Jan. 14, 2014
Maturity Date: N/A
Lender: Argent Bank
Details: The former Motel 6 at 1321 Sycamore View Road in Northeast Memphis has traded hands for $1.4 million.

80. Owner of Whitehaven Retail Center Files Loan -

The owner of the 19,844-square-foot retail center at 5339 Elvis Presley Blvd. in Whitehaven has filed a $2.2 million loan on the property.

81. Commission Sets Pay of Four County Offices -

Shelby County Commissioners gave final approval Monday, Jan. 13, to the ordinance that keeps the same salaries for the Shelby County property assessor, register, trustee and Shelby County clerk for the four-year term of office that begins Sept. 1.

82. Oakhaven Warehouse Sells for $1.2 Million -

4300 Air Trans Road
Memphis, TN 38118
Sale Amount: $1.2 million

Sale Date: Dec. 17, 2013
Buyer: Chob Realty LLC
Seller: Tenn Trans LLC
Loan Amount: $950,000
Loan Date: Dec. 19, 2013
Maturity Date: N/A
Lender: BankPlus
Details: The 109,626-square-foot warehouse at 4300 Air Trans Road in Oakhaven has traded hands for $1.2 million.

83. New Owner of Holmes Properties Files Loan -

The new owner of the Memphis Logistics I and II buildings at 5510 E. Holmes Road and 5540 E. Holmes Road has filed a $28.9 million loan on the properties.

84. Cordova Creek Apartments Sell for $12.5 Million -

1175 N. Germantown Parkway
Memphis, TN 38016
Sale Amount: $12.5 million

85. Building Capacities -

Major road and highway projects like the Interstate 269 loop, I-40/240 and the Mallory Road interchange near Frank Pigeon Industrial Park made substantial progress during 2013, with several phases of important transportation corridors wrapping up and new projects planned for 2014 and beyond.

86. Industrial Portfolio Sells for $40.1 Million -

Three Class A warehouses totaling close to 1.9 million square feet in Southeast Memphis have been sold for a combined $40.1 million.

The Memphis Logistics I and II buildings at 5510 E. Holmes Road and 5540 E. Holmes Road and the warehouse at 4880 Tuggle Road were sold in two separate deeds in lieu of foreclosure that closed Dec. 16.

87. Methodist Pays $22.5 Million for Germantown Facility -

7945 Wolf River Blvd.
Germantown, TN 38138
Sale Amount: $22.5 million

88. Owner Files Loan on Holmes Road BP -

The new owner of the recently built BP convenience store and gas station at 6465 Holmes Road in unincorporated Southeast Shelby County has filed a $1.2 million loan on the property.

89. 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.

90. Owner Files $5.5 Million Loan on Highland Meadows -

The New York-based owner of the 624-unit Highland Meadows Apartments at 5045 Airways Blvd. has filed a $5.5 million loan on the property.

91. Winchester Law Firm Inks Lease at Triad Centre -

The Winchester Law Firm is moving to a new space within the Triad Centre II office building in East Memphis with a new buildout.

The law firm will occupy 5,523 square feet in the Highwoods Properties office building at 6060 Poplar Ave.

92. Rapid Return -

Downtown to Whitehaven on a city bus in a half hour is quite an achievement in a city with limited experience with modern bus express service.

The concept is called “bus rapid transit” and the Memphis Area Transit Authority’s first try at the concept with a Poplar Express lasted less than a year before MATA’s board pulled the plug for lack of ridership.

93. Developer Sells Two Family Dollar Stores -

The local developer of Family Dollar stores has sold two of its newest locales, 1539 Kirby Whitten Road and 5245 Riverdale Road, for a combined $3.2 million.

94. 24-Hour Run Supports Haiti Medical Missions of Memphis -

The years and the miles are adding up. And there really couldn’t be one without the other. Seventeen years ago, volunteers from Memphis went to Haiti on a short-term mission trip and saw there was a desperate need for health services.

95. Council Reappoints Bright to Head EDGE -

The Memphis City Council has approved the reappointment of Al Bright Jr. as chairman of the Economic Development Growth Engine. The Shelby County Commission had previously approved Bright’s reappointment by Wharton and Shelby County Mayor Mark Luttrell.

96. Council Reappoints Bright to Head EDGE -

The Memphis City Council has approved the reappointment of Al Bright Jr. as chairman of the Economic Development Growth Engine. The Shelby County Commission had previously approved Bright’s reappointment by Wharton and Shelby County Mayor Mark Luttrell.

97. Wharton Scraps Handy Park Lease -

Memphis Mayor A C Wharton Jr. scrapped a proposed lease of Handy Park in the Beale Street entertainment district Tuesday, Sept. 17, that would have settled the federal bankruptcy case involving control of the district.

98. Bigger Joins TriMetis as Business Development Specialist -

Lauren Bigger has joined preclinical services company TriMetis, a subsidiary of Memphis Bioworks Foundation, as a business development specialist. In her new role, Bigger will work with the operations and scientific teams to drive new projects for the TriMetis specialized laboratory and manage the sales and protocol review processes.

99. Oklahoma Hotel Group Buys Baymont Inn -

6020 Shelby Oaks Drive
Memphis, TN 38134
Sale Amount: $2.1 million

Sale Date: Aug. 6, 2013
Buyer: Champion Regional Development LLC
Seller: BRE/LQ Properties LLC
Loan Amount: $2.1 million
Loan Date: Aug. 7, 2013
Maturity Date: N/A
Borrowers: Sunny Management LLC; KNSB LLC; Jansa LLC
Lender: InterBank
Details: An affiliate of Oklahoma City-based Champion Hotels has paid $2.1 million for the 103-room Baymont Inn & Suites Memphis East hotel at 6020 Shelby Oaks Drive in Northeast Memphis.

100. Industrial Revolution -

It’s a striking figure for some commercial real estate experts.

No speculative industrial space – meaning constructed without a tenant in hand – has been built in the city of Memphis over the last four years, while 4 million square feet of speculative industrial space has been built, or is under construction, in DeSoto County.