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Editorial Results (free)

1. Council Approves TDZ Financing for Second Convention Center Hotel -

Memphis City Council members approved the use of Tourism Development Zone revenues Tuesday, Aug. 28, to finance the construction of a second convention center hotel as they delayed any decisions on long-term crowd control and safety measures in the Beale Street entertainment district.

2. Memphis City Council Considers Surface Parking Lot at Main and Beale -

Memphis City Council members vote Tuesday, Aug. 28, on a special-use permit to turn the land on the northeast corner of South Main Street and Beale Street into a surface parking lot with landscaping.

3. David Todd moves from The Green Beetle to Become Chef at Interim -

There are big changes in store for Interim, the East Memphis restaurant where the constant has been change in its 12 years. Part-owner and acting executive chef Nick Scott is out and ownership remains with his former partners Tony Westmoreland, along with Brittany and Ed Cabigao, the couple who own SOB and Zaka Bowl.

4. University of Memphis, Slider Inn Projects Move Forward -

1115 E. Getwell Loop St., Memphis, TN 38152 - Turner Construction Co. is beginning the first phase of a $10.6 million expansion and renovation of the University of Memphis’ athletic training facility on its Park Avenue campus. 

5. Last Word: Sunflowers, Poplar-Ridgeway TIF and Meet The Developer of The Bucc -

You wait for it all year but it always comes as a surprise when you see them by the side of the road beckoning with their bright colors and their solid stance on the horizon as early voters head for Agricenter in search of a bit of scenery before making their choices. The sunflowers – What did you think I was talking about? -- began blooming on Walnut Grove Tuesday, the first of two phases from more than 78,000 sunflower seeds planted at Agricenter. They last a few weeks and with the staggered plantings, the new crop should be in its full glory about a month from now. Please don’t pick the sunflowers. Agricenter has designated parking areas after you enter on Timber Creek Drive. Just follow the signs.

6. Young Gun -

While most people were still taking general education classes in college or just trying to figure out their place in the world, Cameron Ellis was investing in real estate.

7. Young Gun -

While most people were still taking general education classes in college or just trying to figure out their place in the world, Cameron Ellis was investing in real estate.

8. Germantown Retail Center Sells for $13M, Orion Files Permit for New HQ -

1245 N. Germantown Parkway,
Cordova, TN 38016

Sale Amount: $12.6 million

9. The Week Ahead: July 23-29 -

Good morning, Memphis! Get ready to stock up on back-to-school gear during Tennessee’s sales tax holiday is this weekend. Plus, swoop in for a superhero double feature and boogie down on National Dance Day. Here’s the lowdown on all those and more hot happenings in The Week Ahead…

10. Affordable Housing Management Firm Buys Two Memphis Apartment Complexes -

One of the fastest-growing affordable housing property management companies in the U.S. has entered Tennessee with the purchase of two Memphis apartment properties.

Denver-based Monroe Group bought the 150-unit Keystone Landing Apartments, located at 4266 Ridgestone Drive in Raleigh, from Keystone Landing Apartments LLC for $6.5 million. It purchased the 120-unit Pendleton Apartments, located at 1764 Pendleton St. near Cherokee Park, from Pendleton Apartments LLC for $6 million.

11. New Beale Street Hotel, A Vehicle ‘Vending Machine,’ and New Life on Former Buccaneer Site -

380 Beale St.
Memphis, TN 38103

Project Cost: $16 million

Application Date: July 10

Owner: Miller Memphis Inc.

Tenant: TCH Memphis LLC

12. Lake District Lands Malco Theater, Former Benchmark Seeks New Life -

3536 Canada Road,
Lakeland, TN 38002

Tenant: Malco Theatres Inc.

Tenant’s Agent: Michael Lightman, Michael Lightman Realty

Landlord: The Lake District

13. Last Word: Bakery Rising, Legislative Notes From Nashville and Jazz Messiah -

Some call it the Bakery Project – others Wonder Bread. Whatever you call it the redevelopment project that is centered on the old Wonder Bread bakery on Monroe between Downtown and the Medical District is moving with a building permit this week for what developer Gary Prosterman and his team call the Cadillac Building … because it was once a Cadillac dealership. That’s part of the code being used for places that have been out of action or barely functioning for decades and are now under development.... very post-apocalyptic. 

14. Prosterman Talks Trends for Wonder Bread Project and Phase Two ‘Jewel’ -

As a fourth-generation Memphian, Gary Prosterman is familiar with the drive to and from work on Union, Monroe or Madison avenues.

He called for an informal show of hands at the Memphis Rotary Club luncheon Tuesday, April 10, of how many also drive the streets daily and a lot of hands went up.

15. Nine West Files for Chapter 11 Bankruptcy Protection -

NEW YORK (AP) – Nine West Holdings Inc. has filed for bankruptcy protection, the latest retailer to do so as it attempts to restructure its debt and refocus on its more successful products.

16. Heir on the Side of Caution -

The closest and best parcel of land for a second convention center hotel in Downtown Memphis is the Mud Island parking garage. It’s a block away from the Memphis Cook Convention Center and is the first site that came up when a Denver developer approached the city last year about possibly building such a hotel.

17. CRE Owners Look To Reap Rewards Of New Tax Cuts -

The start of the year enjoyed a flurry of commercial real estate sales and building permits, on the heels of federal tax cuts passed late last year that are expected to benefit CRE owners and possibly impact the number of new projects and sales announced this year.

18. Hotel Indigo, Trader Joe’s Move Ahead -

22 N B.B. King Blvd., Memphis, TN 38103: Atlanta-based Three P Partners has filed a $5 million building permit application with the Office of Construction Code Enforcement to construct a 118-room Hotel Indigo at the corner of North B.B. King Boulevard and Court Avenue.

19. DMC to Review Plans For New Downtown Mixed-Use Building, Midtown Apartments -

A local investment group is seeking a nine-year tax break from the Downtown Memphis Commission to construct a new mixed-use building where the Downtown Blue Monkey once stood at 529 S. Front St.

20. New Apartments Planned for Overton Square -

PMT Investments LLC, a newly formed business partnership between Aaron Petree, Cliff McLemore and Ed Thomas III, is seeking an 11-year tax abatement to construct a 16-unit apartment building on the periphery of Overton Square.

21. This Week In Memphis History: February 2-8, 2018 -

1948: On the front pages of The Daily News, the city commission approves paying Pidgeon-Thomas Iron Co. a final payment of $6,691.62 for 45 fire hydrants. Illinois Central Railroad is granted a right of way to construct a spur track across Broadway. The commission is also converting lots of land along U.S. 51 in Frayser from agricultural to residential – including property along what is now Carrolton Road, the land south of Floyd on the west side of the highway and Woodland Heights on the southeast corner of Millington and U.S. 51. The city makes a payment of $1 million to cover the deficit run by the Auditorium and Market Commission for the last three months of 1947. And the city zones all of the land on the west side of East Parkway between Nelson and Young as “A” residential.

22. Orion, LEO Buy Slice of Wonder Bread -

The Center City Revenue Finance Corp. approved a trio of sales on Tuesday, Jan. 9, including two involving the $73 million Bakery Development in the Medical District and the Beale Street Hampton Inn.

23. New Owners of Downtown Hotel Seeking PILOT Transfer, Bakery Development Project Progressing -

Richmond, Virginia-based Apple Hospitality REIT is seeking an assignment from the Center City Revenue Finance Corp. in order to complete the purchase of the Hampton Inn & Suites Memphis – Beale Street located at 175 Peabody Place in Downtown Memphis.

24. New Owners of Downtown Hotel Seeking PILOT Transfer, Bakery Development Project Progressing -

Richmond, Virginia-based Apple Hospitality REIT is seeking an assignment from the Center City Revenue Finance Corp. in order to complete the purchase of the Hampton Inn & Suites Memphis – Beale Street located at 175 Peabody Place in Downtown Memphis.

25. Gibson Plans to Sell Downtown Factory, Build a New One -

145 Lt. George W. Lee Ave., Memphis, TN 38103: Nashville-based guitar maker Gibson Brands Inc. confirmed Friday, Oct. 20, it is putting its Downtown Memphis factory on the market and plans to build and lease a new facility nearby.

26. Elvis Items to Hit Celebrity Auction Block on Nov. 11 -

Elvis collectors and fans will soon have the chance to own a piece of history when a variety of items once owned by the King become available.

GWS Auctions is auctioning off 150 celebrity items in an online event on Nov. 11, with an impressive array of memorabilia from Elvis, Hugh Hefner, Marilyn Monroe, Whitney Houston, JFK, Jackie O, Michael Jackson and more.

27. Lendermon To Retire From Riverfront Development Corp. -

Benny Lendermon is retiring as the founding president of the Riverfront Development Corp. effective in April.

28. Connecting The Pieces -

The Pinch District – a Downtown mini-neighborhood of only a few blocks sandwiched between the Memphis Cook Convention Center, Uptown, The Pyramid and the campus of St. Jude Children’s Research Hospital – has been a neglected donut hole of development for years, as investments have poured into other areas of Downtown around it.

29. Brooks Museum Eyes Downtown Fire Station Site -

The city fire station at Union Avenue and Front Street and the adjacent parking garage appears to be under consideration as the new site for the Memphis Brooks Museum of Art, according to a source close to the situation who did not want to be identified by The Daily News.

30. GPAC Planning New Open-Air Venue -

1801 Exeter Road, Germantown, TN 38138

Owner: Germantown Performing Arts Center

31. Last Word: Back From Jury Duty, ASD Changes and Southern Heritage Classic Is Here -

Back from a very short-lived jury duty on a short week for the courts – criminal and civil. Even a slow week at the Criminal Justice Center is a learning experience about not only our criminal justice system but also the Constitutional framework that puts those notices in the U.S. mail and results in several hundred citizens at a time showing up in a jury assembly room after the adventure of trying to find parking Downtown.

32. The Week Ahead: Sept. 4-10 -

Hello, Memphis – and Happy Labor Day! Hopefully the promise of an exciting football season and Memphis Redbirds playoff games will help ease you back into work mode after the three-day weekend. Both are in store – along with Goat Days and much more – in The Week Ahead...

33. 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.

34. Last Word: Sticker Shock Questions, Council Day Recap and Mueller's Move -

It’s not the final vote on the county property tax rate. But Monday’s acceptance by the Shelby County Commission of the state-certified property tax rate is an important insight into how the state and local governments get together on setting a tax rate that takes into account changes in overall property values from the countywide property reappraisal to set a tax rate that produces the same amount of revenue as the current rate.

35. Events -

Talk Shoppe will meet Wednesday, May 17 from 9 a.m. to 10 a.m. in NovaCopy’s conference room, 7251 Appling Farms Parkway. Phillip Kemp of Reed and Associates will present “Get a Life, Get a Property Manager – What You Don’t Know Could Hurt You.” Cost is free. Visit talkshoppe.com.

36. Events -

Agape North will hold a pop-up shop style party Tuesday, May 16, from 3:30 p.m. to 7:30 p.m. at its office, 2132 West St. The party will feature food trucks, live music, live screen-printing and outdoor games, plus the cause-based clothing company will reveal new apparel, including a design inspired by Maya Clark, a Collegiate School of Memphis student and the winner of Agape North’s first T-shirt design contest. Visit agapenorth.com.

37. Events -

Agape North will hold a pop-up shop style party Tuesday, May 16, from 3:30 p.m. to 7:30 p.m. at its office, 2132 West St. The party will feature food trucks, live music, live screen-printing and outdoor games, plus the cause-based clothing company will reveal new apparel, including a design inspired by Maya Clark, a Collegiate School of Memphis student and the winner of Agape North’s first T-shirt design contest. Visit agapenorth.com.

38. Midtown Retail Property Sells for $5 Million -

1625 Poplar Avenue

Memphis, TN 38104 

Sale Amount: $5 million

Sale Date: Dec. 21, 2016

39. Cordova’s Future LA Fitness Site Sells for $2.4M -

LA Fitness is one step closer to opening a Cordova location.

Insomnia Inc., the company owned by former topless-club operator Steve Cooper, sold two parcels near its former restaurant/nightclub on Fischer Steel Road to Orlando, Florida-based National Retail Properties Inc. for $2.4 million, according to a Dec. 20 warranty deed. The same day as the sale, Fitness International LLC, an affiliate of L.A. Fitness International LLC, signed a lease with National Retail Properties for the property.

40. Last Word: Turner Dairy Plans, Fred's HQ and Fred Smith's Remarks About Trump -

Lots of traffic at FedExForum this weekend with two graduation ceremonies for the University of Memphis – morning and afternoon shifts. Another double-header at the Forum Saturday. The Grizz beat the Warriors 110-89 and the Tigers beat UAB 62-55.

41. The Week Ahead: May 30-June 5 -

It's time to get this week started, Memphis! Here’s our roundup of local happenings you need to know about, from a Funkadelic party at the New Daisy to a Day of Merrymaking on the Greensward... 

42. International Real Estate Firms Find Purchase Potential in Memphis -

International investors and developers are increasingly looking to Memphis because the market is stable and the returns are high, according to a variety of real estate professionals doing business locally.

43. CCRFC Approves $1.7M For Convention Center Work -

The Center City Revenue Finance Corp. approved up to $1.7 million in revenue bonds Tuesday, Jan. 12, for Memphis Cook Convention Center improvements.

44. Council Members Settle In To New Assignments -

Memphis City Council members file the last of the paperwork Tuesday, Jan. 19, from the 2015 elections to put City Hall’s power transition on record.

Meanwhile, the six new members are learning on the job as they chair several committees following assignments by council chairman Kemp Conrad: Martavius Jones is chairman of the council audit committee; Patrice Robinson chairs the Memphis Light Gas and Water Division committee; Jamita Swearengen is chairwoman of the parks and neighborhoods committee; council member Philip Spinosa leads the personnel committee, usually the first committee session of the council day; Frank Colvett chairs the planning and zoning committee, which is the last session of the day before executive session; and Worth Morgan is chairman of the public safety committee.

45. CCRFC Approves $1.7M For Convention Center Work -

The Center City Revenue Finance Corp. approved up to $1.7 million in revenue bonds Tuesday, Jan. 12, for Memphis Cook Convention Center improvements.

46. Last Word: El Chapo and Memphis, First Filers for August and Origins in Graffiti -

The Mississippi River at Memphis crested and then it rained.
The weekend rain added about two-tenths of an inch by Saturday to Friday’s crest.
But by Sunday, the river had dropped to 39.12 feet, which is still more than five feet above flood stage.

47. Crestview Collection Makes New HQ in Oakhaven -

4300 Concorde Road
Memphis, TN 38118

Sale Amount: $6.9 million

Sale Date: Dec. 15

Buyer: CLI Inc.

Seller: Lester McMahan Partnership

Loan Amount: $6 million

48. The Week Ahead: Nov. 30, 2015 -

How was your weekend, Memphis? Here’s our weekly rundown of local happenings you need to know about, from snow and sledding at the Levitt Shell to orientation for members of the new Memphis City Council...

49. Cossitt Library’s October Events Designed to Activate Riverfront -

Far from Tiger Lane, University of Memphis football fans will have a new place to tailgate Friday, Oct. 2, as the Tigers play the University of Southern Florida in Tampa.

It’s also the kickoff of a month of events to call attention to one of the best views of the Mississippi River on what was once known as the “promenade.”

50. $9.5 Million Permit Filed For Downtown Hotel -

310 Union Ave.
Memphis, TN 38103

Permit Cost: $9.5 million

Permit Date: Applied August 2015

51. $9.5 Million Permit Filed for New Downtown Hotel -

GCG Hospitality Inc. has pulled a $9.5 million building permit for a one-acre site at 310 Union Ave. it purchased in January.

52. $9.5 Million Permit Filed For New Downtown Hotel -

GCG Hospitality Inc. has pulled a $9.5 million building permit for a one-acre site at 310 Union Ave. it purchased in January.

53. $9.5 Million Permit Filed for New Downtown Hotel -

GCG Hospitality Inc. has pulled a $9.5 million building permit for the one-acre site at 310 Union Ave. it purchased in January.

54. On Edge -

In February Sam Carolan was planning to move from Austin, Texas, to Memphis to become a digital sales specialist for Nexstar Broadcasting Group Inc., which owns the ABC24 and CW30 television channels.

55. Wonder Bread Bakery Under Contract -

The former Wonder Bread bakery at 400 Monroe Ave. could soon have a new owner.

The bakery, idled by a labor strike before being sold in 2013, is under contract to a potential buyer, according to a commercial real estate broker.

56. East Tennessee’s Endangered 8 -

The East Tennessee Preservation Alliance’s list of endangered heritage sites for the region:

1. The Stonecipher-Kelly House in Morgan County was built around 1814 by the first permanent white settlers in that area, as part of a Revolutionary War land-grant.

57. Preserving East Tennessee's Endangered Buildings -

When preservation comes up in conversation, it brings to mind crumbling Victorian mansions or maybe an old Woolworth’s sitting idle downtown.

That’s definitely been the case in and around Knoxville, and it’s a mindset that Knox Heritage and the East Tennessee Preservation Alliance (ETPA) are working hard to break.

58. Germantown Parkway Parcels Sell for $3.4 Million -

789 and 725 N. Germantown Parkway
Memphis, TN 38018
Sale Amount: $3.4 million

59. Germantown Parkway Sites Bought for $3.4 Million -

Two parcels of rarely available land on Germantown Parkway have been purchased for $3.4 million.

Marketplace Monroe LLC acquired the parcels at 789 and 725 N. Germantown Parkway, according to two April warranty deeds.

60. Germantown Parkway Sites Bought for $3.4 Million -

Two parcels of rarely available land on Germantown Parkway have been purchased for $3.4 million.

Marketplace Monroe LLC acquired the parcels at 789 and 725 N. Germantown Parkway, according to two April warranty deeds.

61. Sounds Like a Hit for Neighbors -

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

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

62. Planned Downtown Hotel Features Urban Design -

A new rendering of a proposed LaQuinta Inn & Suites hotel at Union Avenue and Danny Thomas Boulevard Downtown shows a more urban design than a previous stock rendering sent to city and county planners.

63. Another Downtown Hotel Could Be On the Way -

A Memphis businessman is proposing a suburban-style hotel in the heart of Downtown Memphis while Swedish furniture retailer Ikea moves forward with plans for its first Memphis-area store.

Gopal Govan is seeking a special use permit from the city-county Land Use Control Board to build the four-story, 104-room LaQuinta Inn & Suites hotel on the site of the former New York Suit Exchange at 310 Union Ave., located at Union and Danny Thomas Boulevard. The Land Use Control Board meets Thursday, Feb. 12.

64. Renting Out Homes for Super Bowl Can Bring Big Bucks -

PHOENIX (AP) – Hundreds of people gather every year to hobnob with A-list celebrities at a charity bash thrown in the Super Bowl's host city. But instead of heading to a trendy nightclub or swanky restaurant, organizers this year are throwing the party inside a private home.

65. Council Embraces New Pension 'Concept' -

Memphis City Council members are still weighing their options on pension plan changes after another alternative emerged Tuesday, Dec. 2, and the “concept” got eight votes on the council.

66. Station Inn: Music History Amid Gulch High-Rises -

J.T. Gray – who pioneered smokeless nightclubs before it became fashionable (and/or mandated) – is glad to see sparkling condo towers, office buildings, restaurants and the like sprouting around him. After all, these newcomers eventually might find themselves inside his time-out-of-mind blockhouse where Bill Monroe used to just drop by and pick.

67. Gestalt Schools Signs Lease in Hickory Hill -

A charter school operator has inked a lease for space on Winchester Road in Hickory Hill.

Gestalt Community Schools has leased 57,000 square feet of space at 5360 Winchester Road inside the Mendenhall Square shopping center.

68. Olymbec Buys Another Memphis Industrial Property -

Canadian real estate company Olymbec USA LLC has invested again in Memphis, paying $4 million for the warehouse at 4219 Air Trans Road in Oakhaven.

69. City Council to Review Police Budget -

Memphis City Council members talk with their actuary Tuesday, May 6, about the city’s pension liability crisis as the council budget committee takes a first look at the Memphis Police Department’s budget.

70. New Elvis Owners Discussing Graceland Upgrades -

MEMPHIS (AP) – An executive with the company that purchased Elvis Presley's intellectual property says it is discussing ways to expand the late rock and roll icon's brand and upgrades to the Graceland tourist attraction.

71. Elvis’ Intellectual Property Rights Sold -

Authentic Brands Group, a New York City intellectual property corporation, has bought Elvis Presley’s intellectual property and the right to operate Graceland from CORE Media Group, becoming the latest of four companies to own a majority share in the intellectual property assets of the late Memphis entertainer.

72. Olymbec Acquires 13-Building Bellbrook -

Olymbec USA LLC has snatched up two more key Memphis properties, including the 1.8 million-square-foot Bellbrook industrial park.

73. Square Roots -

Breakaway Running owner Barry Roberson was blown away by the crowds who visited his new Overton Square store, which opened Oct. 30.

74. French Quarter Deal Collapses -

A Texas-based group had inked a deal to purchase the long-vacant French Quarter Suites Hotel near Overton Square, but the proposed sale fell through the cracks.

Austin, Texas-based ASC Management had until Oct. 31 to close on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street but did not complete the sale.

75. French Quarter Suites Deal Hangs in Balance -

A planned deal to redevelop the long-vacant French Quarter Suites Hotel near Overton Square is nearing a critical deadline.

Austin, Texas-based ASC Management has until Oct. 31 to close on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street but has not yet done so, according to one of the property’s current owners.

76. French Quarter Deal Hangs in Balance -

A planned deal to redevelop the long-vacant French Quarter Suites Hotel near Overton Square is nearing a critical deadline.

Austin, Texas-based ASC Management has until Oct. 31 to close on the purchase of the 105-room inn at the northeast corner of Madison and Cooper Avenues but has not yet done so, according to one of the property’s current owners.

77. Mary Carter Decorating Center to Grow, Relocate -

A venerable Memphis cake decorating and supply store is moving to a new location on Summer Avenue.

Mary Carter Decorating Center signed a 4,800-square-foot lease in Cloverleaf Shopping Center at 733 N. White Station Road.

78. BankTennessee Buys Downtown Bank Building -

BankTennessee has bought the bank’s Downtown Memphis office building at 30 N. Second St.

The property, once known as the Welcome Wagon building, also has been renamed the BankTennessee Building.

79. BankTennessee Buys Downtown Bank Building -

BankTennessee has bought the bank’s Downtown Memphis office building at 30 N. Second St.

The property, once known as the Welcome Wagon building, also has been renamed the BankTennessee Building.

80. Flowers Foods Buys Former Hostess Bakery -

An affiliate of Thomasville, Ga.-based Flowers Foods Inc. has paid $1.8 million for the former Hostess Wonder Bread bakery at 400 Monroe Ave. Downtown.

81. Construction Begins on Hattiloo Theatre -

Construction has begun on the Hattiloo Theatre in Overton Square.

The $2.8 million, 10,600-square-foot black repertory theater is rising at the northwest corner of Monroe Avenue and Cooper Street and will feature two stages for larger and smaller shows.

82. Construction Begins on Hattiloo Theatre -

Construction has begun on the Hattiloo Theatre in Overton Square.

The $2.8 million, 10,600-square-foot black repertory theater is rising at the northwest corner of Monroe Avenue and Cooper Street and will feature two stages for larger and smaller shows.

83. State Delays Office Lease Announcement -

Groups hoping to garner the state’s real estate needs Downtown will have to wait a little longer to find out if they placed the winning bid.

The state had originally planned to issue a notice of awarding the lease for its office space needs Tuesday, July 23, but that date has been changed to Aug. 19, when the executive subcommittee of the State Building Commission meets.

84. Five Groups Bid for State Office Space -

Five groups have submitted bids to become the new home to roughly 900 state workers.

JP-Memphis, Memphis Commerce Square Partners, Peabody Tower GP, Peabody Place Gold GP and Hertz Memphis all submitted bids for the state’s real estate needs.

85. Olymbec Files $5.5 Million Mortgage on Brinkley Plaza -

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, has filed a $5.45 million mortgage on Brinkley Plaza in Downtown Memphis.

86. Olymbec Files $5.5 Million Mortgage on Brinkley Plaza -

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, has filed a $5.45 million mortgage on Brinkley Plaza in Downtown Memphis.

87. Loeb: City Should Increase Investment in Urban Core -

The relevance of Overton Square is that it’s one of many initiatives the city has in place to make Memphis a better place and a city of choice for the millennial generation.

Seventy-seven percent of those born from the early 1980s to the early 2000s want to live in the urban core and to drive less.

88. Center City Revenue Finance Corp. Passes Financing for Downtown Buildings -

The Downtown Memphis Commission’s Center City Revenue Finance Corp. passed several housekeeping items at its Tuesday, Nov. 13, board meeting, including assigning a payment-in-lieu-of-taxes (PILOT) lease agreement to Montreal-based Olymbec USA LLC for Brinkley Plaza, 80 Monroe Ave.

89. Center City Revenue Finance Corp. to Consider Brinkley Plaza Tax Break -

The Downtown Memphis Commission’s Center City Revenue Finance Corp. (CCRFC) has a full agenda for its Tuesday, Nov. 13, board meeting, with leasing and financing requests for Brinkley Plaza, Toyota Plaza and the Peabody Hotel Tract.

90. Brinkley Plaza Sells to Olymbec for $7.2 Million -

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.

91. Brinkley Plaza Sells to Olymbec for $7.2M -

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.

92. J.D. Byrider Brings First Franchise To Memphis -

The nation’s largest used car franchise company has entered the Memphis market. Carmel, Ind.-based J.D. Byrider has inked 30,900 square feet at 2580 Mount Moriah Road, marking the company’s second Tennessee dealership.

93. Holograms Present Celebs With New Afterlife Issues -

LOS ANGELES (AP) – When Tupac Shakur rose from the stage in the California desert earlier this year, it was not only a jaw-dropping resurrection, but also the beginning of a new form of live entertainment.

94. Nursing Home Owner Files $13 Million Loan -

3549 Norriswood Ave.
Memphis, TN 38111

Loan Amount: $13 million

Loan Date: July 13, 2012

95. Loeb Closes On $7M Purchase Of Overton Square -

Loeb Properties Inc. has closed its $7 million acquisition of Overton Square, after many months of negotiations with former owner, Denver Colo.-based Overton Square Investors LLC.

96. Loeb Closes on $7M Purchase of Overton Square -

Loeb Properties Inc. has closed its $7 million acquisition of Overton Square, after many months of negotiations with former owner, Denver Colo.-based Overton Square Investors LLC.

97. Owner Files $1.3 Million Loan on Cadre Building -

Cadre Realty LLC has filed a $1.3 million loan through First Alliance Bank on the Cadre Building at 149 Monroe Ave., on the southeast corner of Monroe and South Second Street.

98. Square Again Abuzz With Entertainment Options -

After three years of culinary success Downtown, owner Jeff Johnson is looking forward to taking his popular restaurant and bar Local Gastropub to the next level.

99. Another Round -

The revitalization of Overton Square can perhaps be best summed up with a famous quote often attributed to Mark Twain: “History does not repeat itself, but it does rhyme.”

The history of the Midtown entertainment district dates back to late 1970, when T.G.I. Friday’s opened its first franchised location on Madison Avenue near Cooper Street following the passage of a referendum vote allowing liquor by the drink citywide a year prior.

100. City Files $12 Million Permit App To Build Overton Square Garage -

2100 Monroe Ave.
Memphis, TN 38104

Permit Cost: $12 million

Permit Date: Applied June 2012