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Editorial Results (free)

1. TAG Expects Truck Facility to be Operational by Mid-2017 -

TAG Truck Center is moving forward with a $28 million trucking facility at the former site of the Mall of Memphis. Contractor Linkous Construction Co. recently filed two building permits for TAG’s new headquarters.

2. Delinquent Tax Revenue Up 18 Pct. in Shelby County -

Shelby County government took in 18 percent more from delinquent tax sales in the fiscal year ending June 30 than it did the year before, according to Shelby County Trustee David Lenoir.

3. Land Bridge Project Could Transform Entire University of Memphis Area -

The official planning phase has begun for the much anticipated $33 million University of Memphis land bridge, which will safely connect two sides of the university that are currently split by the Norfolk Southern railroad tracks and Southern Avenue.

4. Bank Building Set To Become Boutique Hotel -

158 Madison Ave.
Memphis, TN 38103

Sale Amount: $1.1 million

Sale Date: June 13, 2016

Buyer: Wessman Holdings

5. New Center to Capitalize on Strong Retail Demand -

The shopping center at 6450 Poplar Ave. is fully constructed with tenants opening as soon as next month.

6. Delinquent Tax Sale Revenue Up 18 Percent in Shelby County -

Shelby County government took in 18 percent more from delinquent tax sales in the fiscal year ending June 30 than it did the year before, according to Shelby County Trustee David Lenoir.

7. June Home Sales Slip, Prices Still Rising -

Shelby County home sales are moving slower through the mid-point of 2016 with prices higher than last year.

The number of home sales recorded for June came in at 1,688, down 5 percent compared to 1,784 sales recorded in June 2015, according to data from real estate information company Chandler Reports, chandlerreports.com.

8. Madison Hotel Sells to Chicago-Based Hotel Group -

79 Madison Ave.

Memphis, TN 38103

Sale Date: June 21 

Buyer: 79 Madison Avenue LLC

9. Millington Groundbreaking Held for New Retail Center -

Millington leaders broke ground Tuesday, July 12, on the $36.8 million Shops at Millington Farms development at 8570 North U.S. Highway 51.

The 125,000 square feet of retail space south of Veterans Parkway is being developed by Ryan Commercial Properties LLC.

10. Memphis Marketing Group Names New Board Members -

The Memphis Chapter of the American Marketing Association has announced the chapter’s 2016-2017 board of directors, which includes four new members. All terms took effect July 1.

Mary Stratton, director of marketing at Power & Tel, will lead the chapter as president, and Wendy-Sumner Winter, senior director of communications and marketing at Christian Brothers University, will serve as president-elect.

11. Last Word: Dallas, Baton Rouge and Minneapolis -

As I write this, I’m wondering if something else will happen once it goes up on our website that will render this irrelevant by the time you read it.

This time the datelines are Dallas, Baton Rouge and Minneapolis.

12. Madison Hotel, 3 Parcels Purchased by Chicago Firm -

A Chicago-based hotel group has closed on its purchase of the Madison Hotel and several surrounding properties.

Aparium Hotel Group, working as 79 Madison Avenue LLC, acquired the Madison and three other parcels from the hotel’s operator, Wilmont Hotel LP, in a June 21 quitclaim deed just filed with the Shelby County Register’s Office. Those other parcels include 83 Madison Ave., which houses eighty3 restaurant and office space; and a banquet center that spans 9 S. Main St. and 11 S. Main St.

13. Madison Hotel, Nearby Parcels Acquired by Chicago Firm -

A Chicago-based hotel group has closed on its purchase of the Madison Hotel and several surrounding properties.

Aparium Hotel Group, working as 79 Madison Avenue LLC, acquired the Madison and three other parcels from the hotel’s operator, Wilmont Hotel LP, in a June 21 quitclaim deed just filed with the Shelby County Register’s Office. Those other parcels include 83 Madison Ave., which houses eighty3 restaurant and office space; and a banquet center that spans 9 S. Main St. and 11 S. Main St.

14. Williams Hired for Memphis Blight-Fighting Fellowship -

The city of Memphis and University of Memphis Cecil C. Humphreys School of Law recently hired Brittany J. Williams as the city’s first Neighborhood Preservation Fellow. In that role, Williams will represent the city in Environmental Court lawsuits against property owners who have vacant, abandoned or dilapidated properties that violate city codes.

15. Pat Summitt Latest Exception to Tennessee Flag-Lowering Rule -

NASHVILLE, Tenn. (AP) – Gov. Bill Haslam's order for flags to be flown at half-staff following the death of former University of Tennessee coach Pat Summitt is the latest exception to state protocols that normally reserve the honor for members of the military.

16. Shops of Millington Farms Construction to Begin Soon -

Construction on the Shops of Millington Farms gets underway next week.

Leaders from the city of Millington, along with the Millington Industrial Development Board and the Millington Area Chamber of Commerce, will host a groundbreaking Tuesday, July 12, at 9:30 a.m. for the upcoming retail development at 8570 N. U.S. 51.

17. Last Word: Highlander, Aretha's House and When The Old Daisy Was New -

There is Highland Row and Highland Strip and they do not meet, although they are just a short walk from one another near the University of Memphis.

That is going to be a handy point of reference because the area in general – called the University District – is coming along so well that you are going to be reading more about it.

18. Loeb Looking to Build Homes Near University of Memphis -

Loeb Properties has a piece of University of Memphis-area land under contract for purchase and the eventual construction of single-family homes.

The vacant land faces Ellsworth Street between Midland and Central avenues and was intended for townhomes as part of the Highland Row project.

19. Loeb Properties to Reposition YoLo, Kwik Shop Grill -

YoLo Frozen Yogurt in Overton Square and the Kwik Shop Grill at Central Avenue and East Parkway are both on their way out.

Property owner Loeb Properties will soon undertake significant remodels at the locally-owned Midtown restaurants to attract other restaurant tenants.

20. Chamber Names Simmons Director of Public Policy -

Haley Simmons has joined the Greater Memphis Chamber as the director of public policy, a new position in the chamber’s community development department. In this role, Simmons will be focused on enhancing the chamber’s advocacy efforts to inform and engage its members on important policy issues, and he’ll also be responsible for growing the chamber’s role in education initiatives.

21. Frayser Targeted as Pilot Area for Citywide Fight Against Blight -

Last week, a wrecking team demolished a single-family home in the Washington Heights neighborhood in South Memphis. The effort, organized by United Housing Inc. and backed by the U.S. Department of Treasury, was the first of its kind to take place.

22. U of M Physicist Earns Early Career Research Award -

Xiao Shen, assistant professor of physics and materials science at the University of Memphis, has been named a winner of the 2016 Ralph E. Powe Junior Faculty Enhancement Award by Oak Ridge Associated Universities for his work on novel optical materials.

23. Editorial: The Bitter Taste of Tennessee Liquor Laws -

Something about spirits consistently causes Tennessee legislators to create arcane, byzantine laws.

Maybe it’s something in the wine. Or perhaps lawmakers have just been nursing legislative hangovers in recent years from debating health insurance rules or deciding who can use the bathroom where.

24. Arkansas Casino Campaign Announces Deal With Cherokee Nation -

LITTLE ROCK, Ark. (AP) – A group hoping to put a casino legalization measure on the Arkansas ballot this fall says it has signed an agreement with Cherokee Nation Entertainment to operate one of the casinos.

25. Overton Square Atrium Has New Operator -

On a Friday morning, the Atrium in Overton Square may host a corporate meeting, with a wedding planned for that same night.

As the event venue’s new operator, CFY Catering will manage event bookings, planning, preparation and of course, the food.

26. Last Word: Lights, Camera, Demolition, Our Cautious Prosperity and City Hall Redux -

In south Memphis Wednesday, an old house on Mississippi Boulevard was demolished as part of a press conference to tout anti-blight measures in a city that has a lot of blight.

At times it seems like we have a different blight program for just about every blighted property.

27. Goal of Owning Home Still Strong, and 8 Other Housing Trends -

WASHINGTON (AP) – Americans still want to own homes – if they can afford to. That's the finding of a report being released Wednesday by the Harvard University Joint Center for Housing Studies.

28. NexAir Signs Lease for New HQ at Crosstown Concourse -

495 N. Watkins St.
Memphis, TN 38104
Details: Crosstown Concourse has signed another tenant. Memphis-based nexAir, one of the largest distributors of atmospheric gases and welding supplies in the U.S., will lease 33,000 square feet at the mixed-use tower.

29. 10 Years After Housing Peaked, US is More of a Renter Nation -

MOUNT PLEASANT, South Carolina (AP) – It's a troublesome story playing out across America in the 10 years since the housing bubble peaked and then burst in a ruinous crash: As real estate has climbed back, homeowners are thriving while renters are struggling.

30. U of M Physicist Receives Early Career Research Award -

Xiao Shen, assistant professor of physics and materials science at the University of Memphis, has been named a winner of the 2016 Ralph E. Powe Junior Faculty Enhancement Award by Oak Ridge Associated Universities for his work on novel optical materials.

31. Online Tax Sale Begins Wednesday -

Shelby County government’s third online sale of tax-delinquent properties begins Wednesday, June 22, at 8 a.m. and runs through Friday, June 24, at 8 p.m.

The sale is one of four each year conducted by the Chancery Court clerk and master and the Shelby County Trustee’s office.

32. Loeb Properties Signs Spate of Leases -

Loeb Properties has released a slew of recent leases that fill vacancies from Overton Square to Germantown.

• CFY Catering will be the new operator for the The Atrium, an event venue at 2105 Madison Ave. in Overton Square. Owned by Kevin and Kristi Bush, CFY has another location at the Loeb Properties-owned Daybreak Shops in Bartlett. CFY’s lease begins July 1.

33. ServiceMaster Tax Incentive Package Approved -

The Center City Revenue Finance Corp. approved a tax incentive package Tuesday, June 14, to support ServiceMaster Global Holdings’ conversion of Peabody Place mall into a multimillion-dollar headquarters.

34. Real Estate Road Show Returns June 16 -

A primer on Shelby County property tax sales is June 16 at the Memphis Bioworks Foundation auditorium, 20 S. Dudley St., from 2:30 p.m. to 4 p.m.

35. MCA Students Design Overton Square Art Map -

Loeb Properties has kicked Overton Square’s status as an entertainment destination up a notch with a newly released art map that highlights public art alongside restaurants and retail.

Loeb Properties commissioned Memphis College of Art students to design the map as part of a semester-long Design Lab course where students learned how to fulfill a project for a client.

36. Collierville Sees Year’s Largest Multifamily Sale -

160 Madison Farms Drive
Collierville, TN 38017

Sale Amount: $34.3 million

Buyer: Spyglass-Collierville LLC

37. May Home Sales Rise, Low Inventory Hiking Prices -

After a strong April, home sales in Shelby County continued to perform well in May.

Total home sales increased 29 percent, from 1,266 recorded in May 2015 to 1,630 sales in May this year. Total home sales volume soared to $251 million, which is up 27 percent from last year, according to data from real estate information company Chandler Reports, chandlerreports.com.

38. Real Estate Road Show Returns June 16 -

A primer on Shelby County property tax sales is June 16 at the Memphis Bioworks Foundation auditorium, 20 S. Dudley St., from 2:30 p.m. to 4 p.m., starting with a 2 p.m. sign-in.

39. Collierville Apartments Sell for $34.3 Million -

Collierville’s 324-unit Madison at Schilling Farms apartment community has changed hands in the largest multifamily sale in Shelby County over the past year.

New Jersey-based private equity firm Spyglass Capital Partners LLC, working as Spyglass-Collierville LLC, paid $34.3 million, or $105,864 per unit, for the Class A property. The seller, Arenda Capital Management affiliate Madison 324 LLC, had purchased the community four years ago for $32 million.

40. MSCAA Reorganizes, Makes Staff Promotion -

The Memphis-Shelby County Airport Authority has promoted Angela Washington to director of Properties.

41. Madison at Schilling Farms Sells for $34.3 Million -

Collierville’s 324-unit Madison at Schilling Farms apartment community has changed hands in the largest multifamily sale in Shelby County over the past year.

New Jersey-based private equity firm Spyglass Capital Partners LLC, working as Spyglass-Collierville LLC, paid $34.3 million, or $105,864 per unit, for the Class A property. The seller, Arenda Capital Management affiliate Madison 324 LLC, had purchased the community four years ago for $32 million.

42. Real Memphis -

THE REAL DEAL. When our daughter was 5 we took her to Disney World and totally encased ourselves in Disney plastic. To this day, I’m still haunted by strains of “It’s A Small World” that won’t leave my head, still having nightmares that I’m still in line for Space Mountain.
The third day there, we took a boat to a lake island for a “nature walk.” Hallie looked down into a stream and looked up at me, wide-eyed: “Look, Daddy, real fish!”

43. Nordstrom Rack-Anchored Center Gets $15.5M Construction -

4572 Poplar Ave.
Memphis, TN 38117

Permit Amount: $10.5 million

Project Cost: $15.5 million

Completion: Fall 2017

44. DMC Wants to Connect Successful South End to South City -

For the past 15 years, the Downtown Memphis Commission has concentrated its development efforts in the South Main area. The fruits of that labor, which turned an abandoned stretch of Main Street into a blossoming haven for retail and restaurants, is spilling over onto South Front Street.

45. Clark Tower Undergoing $1.2M Lobby Renovation -

Clark Tower’s lobby is getting a facelift.

Dan Walker Associates Inc. recently filed a $1.2 million building permit for “existing first floor lobby renovation” at the East Memphis tower.

46. MSCAA Reorganizes, Makes Staff Promotion -

The Memphis-Shelby County Airport Authority has promoted Angela Washington to director of properties.

47. MAA Still Entertaining Headquarters Options -

Memphis-based MAA is a year into its search for a new headquarters, and the company is moving closer to plans for a newly constructed building.

The real estate investment trust, which focuses on multifamily properties, first announced the move last summer. MAA is currently housed in nearly 43,000 square feet at 6584 Poplar Ave. in East Memphis. It is looking for an 80,000-square-foot space, with room to grow, to house its 200 local employees.

48. Poplar Commons Developers Pull Permits Totaling $15.5M -

The developer of the Poplar Commons shopping center, which will open in fall 2017, has applied for its first batch of construction permits for the 135,000-square-foot center.

The largest permit Seritage Growth Partners is seeking is $10.5 million for a single-story retail building at 4572 Poplar Ave., labeled as building 1.

49. Poplar Commons Developers Pull Permits Totaling $15.5 Million -

The developer of the Poplar Commons shopping center, which will open in fall 2017, has applied for its first batch of construction permits for the 135,000-square-foot center.

The largest permit Seritage Growth Partners is seeking is $10.5 million for a single-story retail building at 4572 Poplar Ave., labeled as building 1.

50. Available Class-A Office Space Scarce in Memphis -

ServiceMaster is looking to relocate its headquarters into a Class A office building, and Memphis just doesn’t have room.

“For the past two years, we’ve been using those phrases,” said Ron Kastner, senior vice president with CBRE.

51. Laser Quest Closing In Poplar Plaza -

Laser Quest, a longtime tenant in the Poplar Plaza shopping center, is set to close on Sunday, May 29.

“We have been a proud part of the Memphis community for the last 20 years and as a company continue to grow,” said Phillips Aldis, director of sales and marketing for the laser-tag chain headquartered in Canada.

52. THDA to Resume Apartment Inspections -

The Tennessee Housing Development Agency plans to inspect at least a dozen apartment complexes in Memphis where federal subsidies pay tenants’ rent.

THDA executive director Ralph Perrey said the agency’s authority to make the inspections resumes in July. And the agency isn’t saying which properties will be visited “so as not to ruin the surprise,” Perrey said Wednesday, May 25, as he announced the resumption of the inspections.

53. THDA Resumes Inspections of HUD-Subsidized Apartments -

The Tennessee Housing Development Agency plans to inspect at least a dozen apartment complexes in Memphis where federal subsidies pay tenants’ rent.

THDA executive director Ralph Perrey said the agency’s authority to make the inspections resumes in July. And the agency isn’t saying which properties will be visited “so as not to ruin the surprise,” Perrey said Wednesday, May 25, as he announced the resumption of the inspections.

54. Global Ministries Continues to Take More Heat -

The receiver for the Warren and Tulane Apartments is in place with the notice filed in Memphis federal court last week that Foresite Realty Management LLC had accepted the job and that its bonding is in place.

55. Multifamily Rents Increase Significantly in First Quarter -

Memphis area market rents increased an annualized 4.7 percent during the first quarter of the year, reaching $795, according to a first-quarter report from ARA Memphis, a Newmark company.

It is the largest increase in rents for a first quarter in more than a decade and a half. A mild winter and an improving job market were considered likely factors in the significant increase, the report noted. The Memphis unemployment rate dropped below the national rate in March, the first time it has done so since 1999.

56. Two Original Casino Execs Return to Tunica Market -

Matt Earnheart and Andre Jackson, two casino executives who started their careers in the Tunica market, have returned to Tunica in senior executive capacities at Caesars Entertainment properties Horseshoe Tunica and Tunica Roadhouse.

57. One Family -

An unprecedented private investment aims to restore a commercial heart to the Soulsville USA neighborhood, where a pair of sprawling buildings take up nearly a full block across from the Stax Museum of American Soul Music. It isn’t an eyesore, but inactivity within those walls has been a drag on the community.

58. Multifamily Rents Soar To 15-Year Record in Q1 -

Memphis area market rents increased an annualized 4.7 percent during the first quarter of the year, reaching $795, according to a first-quarter report from ARA Memphis, a Newmark company.

It is the largest increase in rents for a first quarter in more than a decade and a half. A mild winter and an improving job market were considered likely factors in the significant increase, the report noted. The Memphis unemployment rate dropped below the national rate in March, the first time it has done so since 1999.

59. Two Original Casino Execs Return to Tunica Market -

Matt Earnheart and Andre Jackson, two casino executives who started their careers in the Tunica market, have returned to Tunica in senior executive capacities at Caesars Entertainment properties Horseshoe Tunica and Tunica Roadhouse.

60. Outsourcing Savings Estimates Strain ‘Credulity’ -

Terry Cowles flashes a photo of ceiling lamp fixtures on the screen and tells state legislators a vendor’s state Capitol team used its electrical training to remove, repair and reinstall fixtures, saving taxpayers $15,500.

61. Court Appoints Receiver for Warren, Tulane Apartments -

The Tulane and Warren apartments are under the control of a court-appointed receiver.

U.S. District Judge Jon P. McCalla appointed Foresite Realty Management LLC of Rosemont, Ill., as the receiver of the two properties Tuesday, May 17, by a consent order.

62. Last Word: Behind Brown, Selling 128 Adams and Preparing for School's Out -

It was a dark and stormy night. Well, dark but not really stormy – a little rain which is more than enough to activate all kinds of television mayhem and warnings that make your iPhone rattle and hum.

63. Receiver Appointed for Warren and Tulane Apartments -

The Tulane and Warren Apartments are under the control of a court-appointed receiver.

U.S. District Judge Jon P. McCalla appointed Foresite Realty Management LLC of Rosemont, Illinois as the receiver of the two properties Tuesday, May 17, by a consent order.

64. 15 Tennessee Communities to Receive Site Development Grants -

NASHVILLE, Tenn. (AP) – Fifteen Tennessee communities have been selected to receive state grants to prepare sites for economic development projects.

The grants will go toward completing infrastructure and engineering improvements for certified sites in rural communities.

65. Memphis Remains a Hot Market for Investors -

Local rental housing continues to be a popular buy for real estate investors. In the first quarter of 2016, 1,017 rental homes were purchased in Memphis and Shelby County, accounting for 30 percent of all home sales, according to data from Chandler Reports, a division of The Daily News Publishing Co.

66. Mortgage Market Up 31 Percent in April -

Shelby County’s mortgage market kicked off the second quarter by posting strong numbers for April, a continuation of where the mortgage market has been heading so far this year.

Last month’s total purchase mortgage volume stood at a little more than $168 million, up from April 2015’s total of a little more than $128 million, for a gain of 31 percent. That’s according to real estate information company Chandler Reports, www.chandlerreports.com.

67. Shelby County Housing Market Looks Strong -

All market fundamentals were positive for Shelby County home sales in April, making it the strongest month so far in 2016.

Year-to-date home sales and total sales revenue are both up 9 percent from the same period in 2015.

68. Bank Seeks Receiver for Warren, Tulane Apartments -

The Bank of New York Mellon Trust Co. wants a federal judge to appoint a receiver for the Warren and Tulane Apartments owned by Global Ministries Foundation, citing “an appearance of fraud” by GMF in a memorandum filed with the call for a receiver.

69. Bank of New York Seeks Receiver for Warren and Tulane Apartments -

The Bank of New York Mellon Trust Co. wants a federal judge to appoint a receiver for the Warren and Tulane Apartments owned by Global Ministries Foundation citing “an appearance of fraud” by GMF in a memorandum filed with the call for a receiver.

70. Frayser Truck Stop, Hotel Developers Change Plans -

Developers of a truck stop with a hotel on Hollywood at Interstate 40 in Frayser have dropped plans for the truck stop.

Representatives of the developers, Hospitality Builders of America, announced the change Tuesday, May 3, as the city council delayed a vote on the planned development on the site of the old Treasury department store.

71. Why is Tennessee’s Bankruptcy Rate So High? -

Tennessee led the nation in bankruptcy filings last year with 36,052 filings – more than twice the national average. Several factors contribute to the state’s high filing rate.

One reason is that Tennessee is creditor-friendly and makes it easy for creditors to quickly garnish wages and foreclose on properties, explains bankruptcy attorney Larry Ahern, a partner at Brown & Ahern and an adjunct professor at Vanderbilt Law School.

72. Downtown Condo Connection Added Management Service to Survive Recession -

When Karen Barrows and her husband decided to move back to Memphis from Florida to be closer to their daughter and young granddaughter, they had their eyes set on living in the heart of the city.

They previously had lived in Arlington and knew this time around they were interested in Midtown. Their daughter connected them to Kendall Haney, a Memphis Realtor who operates Downtown Condo Connection.

73. Memphis MSA Industrial Sector Has A Strong First Quarter After Record 2015 -

The Memphis MSA industrial sector had a strong first quarter after a record-breaking year in 2015.

Last year saw a record absorption rate of 8.4 million square feet, which is 2 million square feet higher than 2006’s pre-recession levels.

74. Frayser Truck Stop, Hotel Developers Change Plans -

Developers of a truck stop with a hotel on Hollywood at Interstate 40 in Frayser have dropped plans for the truck stop.

Representatives of the developers, Hospitality Builders of America, announced the change Tuesday, May 3, as the city council delayed a vote on the planned development on the site of the old Treasury department store.

75. Council Approves Overton Boundary Ordinance on First Reading -

Memphis City Council members approved an ordinance Tuesday, May 3, on the first of three readings to set boundaries in Overton Park including the use of the park Greensward.

But some council members who supported a March 1 resolution that gave the Memphis Zoo control of the greensward were much more hesitant about the ordinance two months later.

76. Last Word: Budget-Mania, TNReady's Backstory and Slow Down Millenial Investors -

The Overton Park Greensward controversy moves back to City Hall Tuesday as the council talks over an ordinance that sets further in stone the council’s decision in March to give the Memphis Zoo control of two-thirds of the greensward.

77. Fogelman Properties Expands in Atlanta -

Memphis-based Fogelman Properties has acquired a 312-unit apartment community in Norcross, Ga.

Fogelman purchased the Grove Point Apartments in a joint venture with Dallas-based Thackeray Partners. This is the second Atlanta-area acquisition for the Fogelman/Thackeray partnership following the 2015 purchase of the 196-unit Hamptons at East Cobb property.

78. RegionSmart Details How to Prevent Erosion of Talent, Population -

During his three terms as mayor of Pittsburgh, Tom Murphy had to assume a great deal of risk in transforming the city’s economy from an industrial to an entrepreneurial base.

79. U.S. Home Prices Rise at Solid Pace in February -

U.S. home prices continued their steady upward march in February as buyers competed for a limited number of available properties.

The Standard & Poor's/Case-Shiller 20-city home price index rose 5.4 percent that month compared with a year earlier, according to a report released Tuesday. That's down slightly from January's 5.7 percent rise.

80. Absolute Storage Management Reports Q1 Growth -

Memphis-based Absolute Storage Management saw growth in its first-quarter revenue and occupancy, the self-storage management firm announced this week.

ASM, the largest private, third-party self-storage management company in the United States, said its same-store income revenue increased 10.3 percent, compared with a 9.7 percent increase in first quarter 2015. Same-store square-foot occupancy rates increased 2.3 percent year-over-year, while same-store rent per occupied unit increased 6.9 percent.

81. Fair Oaks Superintendent Earns Top State Honor -

Nathan Sullivan, superintendent of Fair Oaks Golf Club in Oakland, Tenn., has received the 2015 Public Golf Course of the Year Award from the Tennessee Turfgrass Association (TTA).

82. US Home Prices Rise At Solid Pace -

U.S. home prices continued their steady upward march in February as buyers competed for a limited number of properties.

The Standard & Poor’s/Case-Shiller 20-city home price index rose 5.4 percent that month compared with a year earlier, according to a report released Tuesday. That’s down slightly from January’s 5.7 percent rise.

83. Absolute Storage Mgmt. Reports Q1 Growth -

Memphis-based Absolute Storage Management saw growth in its first-quarter revenue and occupancy, the self-storage management firm announced this week.

ASM, the largest private, third-party self-storage management company in the United States, said its same-store income revenue increased 10.3 percent, compared with a 9.7 percent increase in first quarter 2015. Same-store square-foot occupancy rates increased 2.3 percent year-over-year, while same-store rent per occupied unit increased 6.9 percent.

84. Fair Oaks Superintendent Earns Top State Honor -

Nathan Sullivan, superintendent of Fair Oaks Golf Club in Oakland, Tenn., has received the 2015 Public Golf Course of the Year Award from the Tennessee Turfgrass Association (TTA).

85. Memphis Health & Ed Board Can Resume Issuing Bonds -

The Memphis Health, Education and Housing Facility Board is back in business. In a letter sent Wednesday, April 20, Tennessee Housing and Development Agency executive director Ralph Perrey told the Health & Ed board that it may immediately resume issuing bonds.

86. Before Successes, Loeb Started from Zero – Twice -

Barreling down Madison Avenue in a black corduroy blazer and a pert, pink pocket square, Bob Loeb seems distracted. Then I realize: he’s editing. Move that tree, put a mural there. Tear that down, build that up.

87. Alabama Beaches Provide Relaxing Alternative -

It takes a moment after waking before I remember I’m in Orange Beach, Alabama. I usually sleep harder when visiting the beach, and this night seemed like all the rest.

It’s not the need for relaxation, although waking up with nowhere to be is always refreshing. I think it’s a mix of digging holes in the sand with my son while taking breaks from playing catch and racing on the beach.

88. State Lifts Memphis Health & Ed Board Bond Moratorium -

The Memphis Health, Education and Housing Facility Board is back in business.

In a letter sent Wednesday, April 20, Tennessee Housing and Development Agency executive director Ralph Perrey told the Health & Ed board that it may immediately resume issuing bonds.

89. Hotels Woo Guests to Book Directly Online With Discounts -

NEW YORK (AP) – Hotels are getting more aggressive in their fight to get travelers to book reservations directly with them instead of through online travel agencies such as Expedia and Priceline.

90. Middle Tennessee construction can’t meet demand -

When it comes to residential real estate around Middle Tennessee, there are plenty of buyers but not nearly enough sellers, says Heather Benjamin with Reliant Realty’s Benjamin McConnell Group. And new construction just can’t keep up with the demand.

91. Elkington Green Takes Infill Approach in Local Housing Market -

Two young developers are filling a niche by renovating, redoing, building and selling homes in the core of the city.

Griffin Elkington and Brian Green, principals of Elkington Green, are focusing on established areas of Memphis such as Crestview, Midtown, High Point and the University of Memphis area where residential properties have maintained a similar feel for generations.

92. Lot Availability, Prices Putting Home Construction Behind Demand -

The recent uptick in the residential real estate market is devouring what’s left of lot development that lagged during the recession, and tight supply is raising home prices in the Memphis area.

93. Fayette County Chosen for Property Evaluation Program -

Fayette County is getting help from state leaders to evaluate properties that could attract new business.

The Tennessee Department of Economic and Community Development announced Fayette is one of eight counties chosen to participate in the Select Tennessee Property Evaluation Program (PEP) Spring Round. The other counties selected are Humphreys, Lawrence, Maury, Scott, Unicoi, Van Buren and White.

94. Memphis College of Art Making Moves to Consolidate Campuses -

Memphis College of Art has confirmed the consolidation of its Downtown campus with its Overton Park campus and will begin relevant construction over the summer.

That construction includes converting five MCA-owned apartment buildings around the Overton Park campus into studios for use in the graduate program.

95. Shelby County Home Sales Up in March, Inventory Growing Slowly -

In March, Shelby County home sales rose 4 percent year-over-year with 1,347 recorded for the month compared to 1,295 in 2015.

“It looks like the number of sales are up dramatically,” said Thomas Murphree, principal of Birch Tree Realty Resources. “For the number of sales, that’s a healthy increase.”

96. NCAA Tournament Deal With CBS, Turner Extended Through 2032 -

NEW YORK (AP) – With eight years left on their deal to broadcast the NCAA Tournament, CBS and Turner are tacking on another eight.

The extension announced Tuesday goes all the way through 2032. The length of the contract is not unusual for college sports these days, though with the NCAA facing legal challenges on multiple fronts, a lot can change in 16 years.

97. Woman Sentenced to Prison for Defrauding Disabled Couple -

MEMPHIS, Tenn. (AP) – Federal prosecutors say a West Tennessee woman has been sentenced to three years and five months in prison for defrauding a disabled couple of more than $500,000.

98. Moving Dirt -

The Memphis development community is looking inward and upward to increase density in the urban core. New construction is happening across all four commercial real estate sectors, with long-anticipated projects like Trader Joe’s and the redevelopment of Central Station finally coming to fruition. Construction and operating costs continue to be a challenge as new projects hit the top of their class to command higher rents.

99. United Housing Gets $1.1M Boost From Banks -

United Housing Inc. has gotten a boost from area financial institutions in recent days to the tune of $1.1 million.

100. Pop-Up Retail Concept Housed in Shipping Containers -

A local entrepreneur is looking to bring an innovative marketplace made out of shipping containers to Memphis.

“It’s like a real shopping mall but for pop-up shops,” said Brian Christion, who recently returned to Memphis after a real estate career in New York City.