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Editorial Results (free)

1. Pettit Joins Food Bank As Chief Development Officer -

Attorney Peter Pettit has joined Mid-South Food Bank as chief development officer following his recent retirement as a partner in the Memphis office of Bass, Berry & Sims PLC. In his new role, Pettit works closely with food bank leaders to develop strategies and relationships with major gift donors, and specifically is working to complete the $12.5 million “Hunger to Hope” capital campaign.

2. Shelby County to Overhaul Criminal Justice Center -

201 Poplar Ave.
Memphis, TN 38103

Permit Amount: $17 million

Application Date: October 2017

3. 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.

4. County Delays Convention Center Funds -

Shelby County commissioners again delayed passage Monday, Sept. 25, of a resolution that would allow the city of Memphis to use surplus hotel-motel tax revenue for Memphis Cook Convention Center renovations.

5. Commission Again Delays Convention Center Hotel-Motel Tax Flow To City -

Shelby County Commissioners again delayed passage Monday, Sept. 25, of a resolution that allows the city of Memphis to use surplus hotel-motel tax revenue to go toward Memphis Cook Convention Center renovations.

6. GPAC Planning New Open-Air Venue -

1801 Exeter Road, Germantown, TN 38138

Owner: Germantown Performing Arts Center

7. Canadian Elevator Company Seeks PILOT For Hickory Hill Plant -

A Canadian elevator company has a contract with a “Tennessee area” machine manufacturer for $500,000 and as a result wants to build a manufacturing plant in Hickory Hill as it expands its U.S. customer base.

8. Commission Delays Votes On Finance Ordinances -

Shelby County Commissioners delayed votes Monday, Sept. 11, on a set of three resolutions dealing with county finances, citing the need for further discussion and questions.

The first of the three is a supplement to the interlocal agreement on financing the Memphis and Shelby County Sports Authority to pay the debt on FedExForum. The agreement allows revenue from a 2015 increase in the hotel-motel tax to be used to finance renovations of the Memphis Cook Convention Center as well as the debt on the arena.

9. Commission Delays Votes On Finance Ordinances -

Shelby County Commissioners delayed votes Monday, Sept. 11, on a set of three resolutions dealing with county finances, citing the need for further discussion and questions.

The first of the three is a supplement to the interlocal agreement on financing the Memphis and Shelby County Sports Authority to pay the debt on FedExForum. The agreement allows revenue from a 2015 increase in the hotel-motel tax to be used to finance renovations of the Memphis Cook Convention Center as well as the debt on the arena.

10. County Commission Joins City Call to Remove Confederate Monuments -

Shelby County Commissioners approved a resolution Monday, Sept. 11, backing the city’s efforts to remove Confederate monuments with a waiver from the Tennessee Historical Commission. The resolution by commissioner Walter Bailey also backs the Memphis City Council’s move to an ordinance that could take down the monuments after the Oct. 13 decision if the historical commission does not grant the waiver.

11. Last Word: The Amazon Competition, Millington Shelters and Grizz Ownership Drama -

With a social media post Thursday morning, Memphis Mayor Jim Strickland said the city is ready to compete in a very public competition for the $5-billion second North American headquarters Amazon.com announced earlier Thursday. Some context here. The $5 billion investment by Amazon in what it calls HQ2 compares to the $9 billion St. Jude is investing in its expansion including about $1 billion in capital costs and the rest research, technology and other development costs included in what is more than a physical expansion.

12. 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.

13. Last Word: Tri-State's New HQ, TnReady Scores and Return of the Frayser Dump Plan -

On Elvis Presley Boulevard in Whitehaven, executives and board members of Tri-State Bank did the honors on the bank’s new headquarters Tuesday which follows a move earlier of its operations infrastructure to Union Avenue near Cleveland after leaving its long time headquarters and operations center Downtown at Beale and Main.

14. Avison Young’s Memphis Office Uses Diversified Approach -

Eighteen months ago, real estate brokers Shane Soefker and Jacob Biddle decided they wanted to do things a little differently, so they left their jobs at a local brokerage firm and set off on their own.

15. Avison Young’s Memphis Office Finds Strength In Diversified Approach -

Eighteen months ago, real estate brokers Jacob Biddle and Shane Soefker decided they wanted to do things a little differently, so they left their jobs at a local brokerage firm and set off on their own.

16. 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.

17. 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.

18. 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.

19. 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.

20. 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.

21. 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.

22. 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.

23. Scene Change -

The sprawling mixed-use complex opening next month on North Cleveland in Midtown is a high-profile example of where Memphis’ art community finds itself at the halfway mark in 2017.

When Crosstown Concourse opens there Aug. 19, it won’t just represent a new beginning that turns a former Sears distribution center into a 1.5-million-square-foot community mainstay. With tenants like Crosstown Arts moving in, the development is also a representation of how the city’s arts landscape is changing this year.

24. 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

25. 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

26. Malco Pulls 2nd 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.

Malco has filed a $5 million building permit application with the Office of Construction Code Enforcement for the seven-screen theater being built at at 45 E. G.E. Patterson Ave., at the southeast corner of G.E. Patterson and Front Street. The application lists Linkous Construction Co. as the contractor, SRC Consultants as the engineer and TK Architects as the architect.

27. Last Word: Vince Carter Leaves, Fairgrounds and Pulling the Plug on Green Tech -

Vince Carter joins Zach Randolph with the Sacramento Kings next NBA season with an $8 million one-year pact for Carter. Still no word on Tony Allen’s free agency status as we put this up. The Grizz plan to retire Randolph’s jersey.

28. $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...

29. $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.

30. 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.

31. City Council Completes Budget Season, Says Larger Issues of Priorities Remain -

Memphis City Council members approved Tuesday, June 6, a $680 million city operating budget for the fiscal year that starts July 1, an $81.3 million capital budget and a $3.27 city property tax rate.

32. New York Firm Pays $23M for 3 Germantown Hotels -

7750 Wolf River Blvd., 9314 Poplar Pike and 9320 Poplar Pike, Germantown, TN 38138 | Sale Amount: $23 million

Sale Date: April 28, 2017

33. New York Firm Pays $23M For 3 Memphis-Area Hotels -

AR Global Investments, a New York-based asset management firm, has purchased a trio of Germantown hotels for a combined $23 million from Austin, Texas-based Summit Hotel Properties, according to three warranty deeds filed with the Shelby County Register of Deeds on April 28.

34. Strickland Delivers $680 Million Operating Budget to Council -

Memphis Mayor Jim Strickland delivered a $680 million city government operating budget proposal to the Memphis City Council Tuesday, April 25, with no property tax increase and no use of city reserves to balance it.

35. Memphis City Council OKs Sale of Sheraton Hotel -

The Memphis City Council on Tuesday, April 11, approved Host Hotels & Resorts LP’s $67 million sale of the Sheraton Memphis Downtown convention center hotel to LMS Real Estate Investment Management LLC, a newly formed joint venture between Schulte Hospitality Group and Starwood Capital Group.

36. Council OKs Sheraton Sale, Weighs Trash Pickup Changes -

The Memphis City Council on Tuesday, April 11, approved Host Hotels & Resorts LP’s $67 million sale of the Sheraton Memphis Downtown convention center hotel to LMS Real Estate Investment Management LLC, a newly formed joint venture between Schulte Hospitality Group and Starwood Capital Group.

37. CCRFC OKs Sheraton Deal, Incentive for Oden HQ -

The sale of the 600-room Sheraton Memphis Downtown took a step forward Tuesday, April 11.

The Center City Revenue Finance Corp. unanimously approved a request to reassign an existing payment-in-lieu-of-taxes incentive for the hotel, 250 N. Main St., to a joint venture between Louisville, Kentucky-based Schulte Hospitality Group and Starwood Capital Group.

38. Council Faces Beale Street, Parking Decisions -

Memphis City Council members have an agenda full of hot spots Tuesday, April 11. They vote on a move to abolish the Beale Street Tourism Development Authority, check to see if both sides paying for a Memphis Zoo parking solution in Overton Park are on the same page and take a final vote to change on-street parking around FedExForum and The Orpheum Theatre to a flat fee of $10 for “special events.”

39. “Gateway’ Puzzle Begins To Come Together -

Starting last summer, a new ownership group for the city’s largest hotel by room count was undertaking its due diligence largely out of the public eye.

There were some rumblings about the Sheraton Memphis Downtown changing hands three years after a renovation of the 600-room hotel attached to the Memphis Cook Convention Center.

40. City's Largest Hotel Changes Hands In Latest 'Gateway' Puzzle Piece -

The largest hotel in the city by room count is changing hands in what is a key part of the city’s effort to remake the Memphis Cook Convention Center as a part of a larger “Gateway project” in the general convention center area.

41. Malco Moving Forward With Downtown Theater -

45 E. G.E. Patterson Ave.
Memphis, TN 38103 

Permit Amount: $5 million

Project Cost: $55 million

Application Date: March 2017

42. Malco Moving Forward With Downtown Theater -

Malco Theatre’s multimillion-dollar Downtown movie theater has taken another step toward completion.

A $5 million building permit application for the foundation of a new seven-screen movie theater was filed with the city-county Office of Construction Code Enforcement.

43. Malco Moving Forward With Downtown Theater -

Malco Theatre’s multimillion-dollar Downtown movie theater has taken another step toward completion.

A $5 million building permit application for the foundation of a new seven-screen movie theater was filed with the city-county Office of Construction Code Enforcement.

44. Penn National Gaming to Buy 2 Tunica Casinos for $44M -

1450 Bally Blvd.
Robinsonville, MS 38664 

Sale Amount: $44 million

Sale Date: March 28, 2017

45. Penn National Gaming to Buy 2 Tunica Casinos for $44M -

A Pennsylvania-based gaming company is planning to add to its Tunica-area holdings by buying the gaming operations of Bally’s Casino Tunica and Resorts Casino Tunica.

Penn National Gaming Inc. announced Tuesday, March 28, it has entered into a definitive agreement to acquire RIH Acquisitions MS I LLC and RIH Acquisitions MS II LLC, the holding companies for the two casinos, for approximately $44 million in cash. The transaction, which is expected to close in the second quarter of 2017, still has to be approved by the Mississippi Gaming Commission.

46. Last Word: Building a Bigger Police Force, Old Desk Calendars and Summer School -

Since the Memphis Mayor’s race of 2015 became about how best to build a larger Memphis Police Department, the discussion has always had an element of controversy to it on a larger scale than a head count of who has a badge.

47. 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

48. Rewrite of City Impasse Ordinance Draws Fire from Unions -

The unions representing city of Memphis employees gave a rough reception Tuesday, Feb. 7, to a proposal to revamp the city’s impasse proceedings for stalled contract talks between the unions and the city administration.

49. Last Word: The Business of Local Sports, Garrison Leaves MATA and Broadband -

Marc Gasol makes the NBA’s Western Conference All Star team as a reserve, the first player in the history of the Grizz to make the All-Star Game three times.

Grizz business operations president Jason Wexler asked about Memphis hosting an NBA All-Star Game one of these days at The Daily News Sports Seminar Thursday at the Brooks. Wexler saying the city doesn’t have enough hotel rooms – the same barrier to drawing bigger conventions and meetings to the city.

50. Trump Leaving His Global Business – To Be Run By His Sons -

NEW YORK (AP) – Breaking with presidential precedent, Donald Trump said Wednesday he will continue to profit from his global business empire after he enters the White House this month.

51. More Than One Convention Center Hotel Proposal -

There is another convention center hotel proposal in circulation, Memphis Mayor Jim Strickland says.

52. Convention Center Hotel Plan Hinges on Financing -

For years the Memphis convention and tourism industry has known which comes first in the chicken-and-egg argument about drawing more convention business. More hotel rooms with meeting space take top priority in an environment where there is just enough political will for a $60 million renovation of the Memphis Cook Convention Center but not enough to build and finance a new convention center.

53. Last Word: Convention Center Hotel, The Crime Discussion and A Gas Tax Hike Plan -

Grizzlies fall to the Clippers 115-106 in Los Angeles. They play Golden State Friday in another West Coast road game.

During the California sojourn, Chandler Parsons turned up on the tabloid TV show TMZ clubbing in the general vicinity of Kendall Jenner after New Year’s Eve with Kate Beckinsale.

54. Convention Center Hotel Proposal Surfaces -

A Denver financier whose work in the last 15 years is in developing and financing convention center hotels has very general plans for a 600-room Memphis Convention Center hotel at Front and Poplar where the Mud Island parking garage is currently.

55. Convention Center Hotel Proposal Surfaces -

A Denver financier whose work in the last 15 years is in developing and financing convention center hotels has very general plans for a 600-room Memphis Convention Center hotel at Front and Poplar where the Mud Island parking garage is currently.

56. Nordstrom Rack Files $1.5M Permit for Memphis Store -

4572 Poplar Ave.

Memphis, TN 38117

Permit Amount: $1.5 million

Project Cost: $25.2 million

Application Date: December 2016

57. Arkansas Governor Starts Raising Money for Re-Election Bid -

LITTLE ROCK, Ark. (AP) – Arkansas Gov. Asa Hutchinson hasn't formally announced his plans to seek a second term, but is already raising money for his re-election bid.

The Arkansas Democrat-Gazette reports (http://bit.ly/2hNx6Fc) a fundraiser for the Republican governor's 2018 campaign is set for Thursday night at the Capital Hotel in downtown Little Rock.

58. Council Signals Minority Contract Concerns on Airport Bond Issue -

Memphis City Council members approved the issuance of $110 million in airport authority revenue bonds at the last council meeting of 2016.

But council members served notice that in the new year they expect the airport authority and other public entities to do better in minority and locally owned-business contracting.

59. Council Questions, Approves Airport Revenue Bonds -

Memphis City Council members approved the issuance of $110 million in airport authority revenue bonds at the last council meeting of 2016. But council members served notice that in the new year they expect the airport authority and other public entities to do better in minority and locally owned-business contracting.

60. Council Ends 2016 With Committee Changes -

The last Memphis City Council meeting of 2016 marks the end of the first year of a four-year term of office for the 13-member body.

It also marks a change from council chairman Kemp Conrad to incoming chairman Berlin Boyd.

61. Marion Near Downtown Memphis But Retains Its Small-Town Identity -

The location is the selling point. It comes with a small-town way of life and easy access to Downtown Memphis.

Yet it also comes with the challenge of being a well-kept secret off the interstate. No doubt, you’ve seen the road signs for Marion, Arkansas. But have you stopped there? Have you considered living there or operating a business there?

62. Gill Seeks $25 Million Permit For New MAA Headquarters -

6815 U.S. 72

Germantown, TN 38138

Permit Amount: $25 million

Future Tenant: MAA

63. FedExFamilyHouse Eyes $12M Expansion -

The Le Bonheur Children’s Hospital-owned home away from home for families of patients being treated at the hospital is about to get a lot bigger.

The FedExFamilyHouse at 918 Poplar Ave. has launched a fundraising campaign to pay for the planned $12 million cost of expanding the facility. By the time that expansion is finished in 2018, the space will have tripled in size and will be better able to keep pace, officials say, with the growth in specialty care at Le Bonheur that’s helped draw more patients – and families who need a place to stay.

64. Gill Seeks $25M Permit For Future MAA Headquarters -

The future home of Memphis-based MAA has taken another step forward.

Developer Gill Properties, working as Gill Poplar GP, has applied for a $25 million building permit for a five-story office building and five-story parking garage – two main components of the $90 million TraVure development in Germantown’s western gateway.

65. Gill Seeks $25M Permit for Future MAA Headquarters -

The future home of Memphis-based MAA has taken another step forward.

Developer Gill Properties, working as Gill Poplar GP, has applied for a $25 million building permit for a five-story office building and five-story parking garage – two main components of the $90 million TraVure development in Germantown’s western gateway.

66. Last Word: The Long Count, Bigger Than Boutiques and God's View of the NBA -

It's Veterans Day with the annual Downtown parade starting at 10 a.m. Friday and a wreath-laying ceremony an hour later at the Doughboy Statue in Overton Park.

The long local vote count since Tuesday is still underway as Thursday becomes Friday. It should wrap up Friday with the provisional ballot count completed.

67. Outlook Weighs on Hilton -

MCLEAN, Va. (AP) – Hilton cut its expectations for a key revenue figure, overshadowing an otherwise solid third-quarter performance.

Hilton had previously expected its revenue per-available room to rise between 3 percent and 4 percent for 2016. On Wednesday, it trimmed those expectations to just a 1.5 percent to 2 percent increase compared with last year, and flat to 1 percent for the current and final quarter of 2016.

68. Another Bid From China for US Hotel; $6.5B for Hilton Stake -

NEW YORK (AP) – HNA Group is snapping up a 25 percent ownership stake of the Hilton hotel chain for about $6.5 billion, the latest attempt by a Chinese interest to acquire real estate in the U.S.

69. Last Word: Mud Island Round 3, Newsmakers Notes and North Midtown -

Cue the organ. You know, the one from those old soap operas or radio dramas. And prepare for the latest episode of Island of Mud. When last we looked in on Mud Island River Park, the city had two finalists to redevelop all or a part of the southern half of the island that is really a peninsula.

70. Southeast Memphis Portfolio Sells for $23.6 Million -

Multiple Properties

Memphis, TN 38118

Sale Amount: $23.6 million

Sale Date: Sept. 27, 2016

71. Last Word: $60 Million, Frozen Graceland and Wreck It Ralph's Return -

The federal government’s problem with a law the Tennessee Legislature passed earlier this year is serious -- $60-million serious.

And Tennessee Gov. Bill Haslam, in Hickory Hill Thursday, said he’s working on a compromise that would have the Legislature undo what it did this year when the new legislative session begins in January.

72. Artspace Begins $17M Affordable Housing Project -

138 & 120 St. Paul Ave.

Memphis, TN 38103

Permit Amount: $10.5 million

Project Cost: $17 million

73. City, Wiseacre Set to Discuss Brewery’s Proposal for Coliseum -

The first order of business is to figure out what the city and the owners of Wiseacre Brewing Co. are negotiating about when it comes to Wiseacre’s proposal to convert the Mid-South Coliseum into a brewery.

74. Largest Multifamily Sale Takes Place for $39.1M -

8285 Irene Blvd.
Memphis 38125

Sale Amount: $39.1 million

Sale Date: Aug. 5, 2016

Buyer: WDC Greens Investment LLC and MEM Greens at Irene LLC

75. Hyde Capital Pays $15.4M For 3 Midtown Properties -

New York-based Hyde Capital has purchased three Midtown properties for a combined $15.4 million.

Rosecrest LLC, a company of Hyde Capital, purchased the Rosecrest Apartments from Northland Rosecrest LLC for $8.5 million in an Aug. 5 warranty deed.

76. Hyde Capital Pays $15.4M For 3 Midtown Properties -

New York-based Hyde Capital has purchased three Midtown properties for a combined $15.4 million.

Rosecrest LLC, a company of Hyde Capital, purchased the Rosecrest Apartments from Northland Rosecrest LLC for $8.5 million in an Aug. 5 warranty deed.

77. Nashville Airport Plans $1.2 Billion Renovation -

NASHVILLE, Tenn. (AP) – Nashville International Airport is embarking on a $1.2 billion renovation aimed at changing virtually every aspect of a traveler's experience.

The Tennessean (http://tnne.ws/2aGH9Jc) reports projects planned in the next five to seven years include new parking, more security lines, larger baggage claim and ticketing areas, expanded concourse space and a hotel.

78. Last Word: Return of the Balloon Note, SCS and Migrant Teens & Greensward Doubts -

One of the prime culprits in the housing bubble burst that played a role in the worst economic downturn since the Great Depression is back – the adjustable rate mortgage.

Numbers from Chandler Reports, the real estate information company that is part of The Daily News Publishing Co. Inc, show the number of such loans has spiked in the first half of this year and are the highest they’ve been since 2008, the year after the bubble burst nationally.

79. First Horizon CFO Touts Growth Opportunities, Conservative Approach -

The chief financial officer of First Tennessee Bank’s parent company took a message of expansion, of stronger loan portfolios and being smarter than the competition about which deals to pursue in a meeting with analysts in New York City earlier this month.

80. Pinch District to Move in a New Direction: Up -

The Pinch District is getting a sky-high development treatment. For decades, the north Downtown neighborhood has been known as a sea of parking lots punctuated by a handful of small businesses.

With St. Jude Children's Research Hospital announcing $1 billion in new construction, the Pinch's largest tenant is opening up its campus with new buildings, some as tall as 12 stories, in the greater Pinch neighborhood. A neighborhood-level presence is a sea change for the institution, which has grown to 2.5 million square feet behind a gated campus.

81. EDGE Grants Incentives for TAG Truck Center, Turner Dairy -

Two longtime Memphis-area companies secured tax incentives at the June meeting of the Memphis-Shelby County Economic Development Growth Engine.

The payment-in-lieu-of-taxes will support TAG Truck Enterprises LLC’s plans for the former Mall of Memphis site as well as an expansion of Turner Dairy in the heart of Midtown.

82. Collierville Sees Year’s Largest Multifamily Sale -

160 Madison Farms Drive
Collierville, TN 38017

Sale Amount: $34.3 million

Buyer: Spyglass-Collierville LLC

83. The Week Ahead: June 6-12 -

Time to get this week started, Memphis! There’s plenty to keep you busy in this week’s roundup of need-to-know happenings, from the 50th anniversary of a seminal civil rights moment to a blast from the '80s-movie past...

84. Committee Recommends Pay Raises for City Employees -

The Memphis City Council’s budget committee completed its budget reviews Tuesday, May 31, recommending a 1.5 percent pay raise for city employees other than fire and police and $300,000 in grant funding to hire a full-time director for the Whitehaven Economic Development Council.

85. Council Committee Recommends Pay Raises Beyond Fire and Police -

It took six hours. But the Memphis City Council’s budget committee completed its budget reviews Tuesday, May 31, with a recommendation of a 1.5 percent pay raise for city employees other than fire and police and $300,000 in grant funding to hire a full-time director for the Whitehaven Economic Development Council.

86. Last Word: $4.8 Billion of TNT, North Parkway Complications and Graceland West -

FedEx sets a date next week for its acquisition of TNT Express – a $4.8 billion deal that was approved by TNT shareholders Wednesday.

87. Poplar Place Apartments Sell for $15.3 Million -

1669 Randolph Place
Memphis, TN 38120

Sale Amount: $15.3 million

Sale Date: May 6

Buyer: Poplar Place TN Townhomes LLC

88. City Sells Old Police Building to NCE Realty -

The company that had the only bid Tuesday, May 17, on the old Central Police Building at 128 Adams Avenue still has to close on the deal with the city of Memphis.

89. Council Sells Former Police HQ for $2 Million -

Memphis City Council members approved Tuesday, May 17, the sale of the old Central Police building at 128 Adams Ave. for $2 million to NCE Realty and Capital Group LLC for development as a boutique hotel.

90. Council Sells Former Police HQ for $2 Million -

Memphis City Council members approved Tuesday, May 17, the sale of the old Central Police building at 128 Adams Ave. for $2 million to NCE Realty and Capital Group LLC for development as a boutique hotel.

91. Council Auctions Old Police Building -

The city holds a rare auction at the Tuesday, May 17, session of the Memphis City Council, selling the old Central Police building at 128 Adams Ave. to the highest bidder.

92. Delay On Larger Pinch Plan Grows Uneasy -

When Memphis Mayor Jim Strickland met last week with representatives of Bass Pro Shops and city council member Berlin Boyd – the council member whose district includes the Pyramid, Mud Island, the Pinch District and St. Jude Children’s Research Hospital – there was a lot of turf to discuss.

93. Cordova Wingate Sells for $6 Million -

A Cordova hotel has sold for $6 million.

Amber Hospitality LLC purchased the Wingate by Wyndham hotel from Tirupati LP in a May 5 warranty deed. The three-story hotel, built in 1998 at 2270 North Germantown Parkway, bears 55,932 square feet, according to the Shelby County Assessor of Property. It most recently was appraised at $2.6 million.

94. Cordova Wingate Sells for $6 Million -

A Cordova hotel has sold for $6 million.

Amber Hospitality LLC purchased the Wingate by Wyndham hotel from Tirupati LP in a May 5 warranty deed. The three-story hotel, built in 1998 at 2270 North Germantown Parkway, bears 55,932 square feet, according to the Shelby County Assessor of Property. It most recently was appraised at $2.6 million.

95. Last Word: The Airport and Hotels, Loans and Musicians and Underground in Town -

That didn’t take long. Fired one day, hired the next for Dave Joerger now formerly of the Grizz.

96. Memphis Consultant Says Airport Area ‘Gone’ for Hotel Development -

One of the last remaining hotels near Memphis International Airport has sold in foreclosure for the second time in less than five years.

Chuck Pinkowski, a local hotel consultant with Pinkowski & Co., said that a multimillion-dollar renovation couldn’t save the Holiday Inn from a declining hotel market.

97. Startup Teams Announced for ‘Summer Of Acceleration’ -

Monday, May 2, marked Day One of Memphis’ first “summer of acceleration,” a joint program of seven startup accelerators running concurrently that have collectively drawn the participation of 18 startup teams and dozens of founders hailing from as far away as Slovenia and Israel.

98. City Council Set for First Property Tax Rate Vote -

Memphis City Council members begin setting the stage for the approval of city operating and capital budgets when they meet Tuesday, May 3.

The council agenda includes first-reading votes on two ordinances that are placeholders for the basic passage of tax rates and the allocation of parts of the rate.

99. $12.6M Building Permit For New Ballet Memphis HQ -

2144 Madison Ave.
Memphis, TN 38104
Permit Amount: $12.6 million

Owner: Ballet Memphis
Tenant: Ballet Memphis
Architect: Archimania
Contractor: Grinder, Taber & Grinder
Details: Ballet Memphis is setting the stage for its Overton Square headquarters as Grinder, Taber & Grinder recently applied for a $12.6 million building permit for new construction.

100. Ballet Memphis Files Permit For Overton Square HQ -

Ballet Memphis is setting the stage for its Overton Square headquarters as Grinder, Taber & Grinder recently applied for a $12.6 million building permit for new construction.

In 2015, Ballet Memphis purchased the former French Quarter Inn, at the corner of Madison Avenue and North Cooper Street. Demolition on the shuttered hotel began in October.