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Editorial Results (free)

1. Iconic E. Memphis Office Building Sells for $19.7M -

Nashville-based Magnolia Capital Investments has purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investors, Faropoint Ventures. Faropoint intends to reinvest proceeds from the sale to buy other Memphis properties.

2. Trezevant Celebrates 40 Years, Expanded Services -

For Jet Thompson, living at the Trezevant senior living community is part of a family tradition. She has been a resident there for the past 16 years – recently celebrating her 96th birthday – her mother had lived there for 20 years starting in 1981, and now two of her daughters are on the waiting list for admission.

3. 2 Businesses Seek Inner City Loans From EDGE to Grow -

Two local businesses that are looking to grow their footprint in traditionally underserved areas of Memphis are seeking forgivable loans for building improvements from the Economic Development Growth Engine for Memphis and Shelby County.

4. Transcript: CBU to Transform Campus, Transition to Project-Based Learning -

Christian Brothers University is not only changing the look of its campus at Central Avenue and East Parkway. Leaders of the institution are embarking on the second phase of a $70 million capital campaign that includes plans to “blow up” the university’s department of education to include Crosstown High School and the neighboring Middle College High School, extend internships to all students and to create a new library that is more than “air conditioning for books.”

5. 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.

6. ALSAC Buys Warehouse For $6 Million -

483 Manassas St.
Memphis, TN 38105

Sale Amount: $6 million

Sale Date: March 17, 2016

Buyer: ALSAC

Seller: Michael Nussbaum and Joyce Nussbaum

7. Hamlet Offers Plan For Global Ministries Foundation's Inner-City Apartments -

Global Ministries Foundation founder Richard Hamlet has a multi-million dollar recapitalization plan to make extensive renovations at three inner-city apartment complexes his company owns.

8. 'En Fuego' -

When Southaven Mayor Darren Musselwhite took office in June 2013, one of the first tasks that landed on his desk was a long-planned regional outlet mall.

The outlet mall, planned for a roughly 33-acre site at Church Road and Interstate 55 in the DeSoto County city, had been on the drawing board for some time, but the recession and its aftermath caused developers and Mississippi officials to put it on hold.

9. Loeb Properties Bullish on Center City Development -

When Loeb Properties Inc. acquired the warehouse at 2542 Broad Ave. in 1995, Aaron Petree, the company’s current vice president of brokerage, was just starting high school.

10. Acura of Memphis Owner Buys Dealership, Land -

2611 Ridgeway Road, 6055-6085 Acura Cove
Memphis, TN 38119
Sale Amount: $12.4 million

11. Changing Landscape -

A “high-end” grocery store chain not currently serving the Memphis market has leased the shuttered former Kroger store at 9050 U.S. 64 in Lakeland and should open in the spring, according to a Lakeland official.

12. Life Church Buys Victory Campus for $4.4 Million -

255 N. Highland St.
Memphis, TN 38111
Sale Amount: $4.4 million

Sale Date: May 2, 2014
Buyer: The Life Church of Memphis Inc.
Seller: SignificantPsychology LLC
Loan Amount: $3.8 million
Loan Date: May 2, 2014
Maturity Date: May 5, 2019
Lender: Triumph Bank
Details: The Life Church of Memphis has paid $4.4 million for the former Victory University campus at 255 N. Highland St.

13. Heritage Place Retirement Community Sells for $1 Million -

An affiliate of Orlando, Fla.-based Elevation Financial Group has paid $1 million for the 161-unit Heritage Place retirement center at 2990 Hickory Hill Road in Hickory Hill.

14. Georgian Woods Apartments Sell for $3.9 Million -

118 St. Agnes Drive
Memphis, TN 38112

Sale Amount: $3.9 million

Sale Date: March 14, 2014

Buyer: Georgian Woods Property Owner LLC

15. Highland Church of Christ Files Permit for Addition -

Highland Church of Christ at 400 N. Houston Levee Road in Cordova has filed a $3 million permit with the city-county Office of Construction Code Enforcement to expand its church campus.

16. Richmond Honan Buys Quince Centre for $10 Million -

6555 Quince Road
Memphis, TN 38119
Sale Amount: $10.4 million
Sale Date: March 7, 2014

17. Global Ministries Pays $12 Million for Serenity Towers -

An affiliate of Cordova-based Global Ministries Fellowship has paid $12 million for the Serenity Towers retirement center at 400 S. Highland St.

18. Jamesbridge Apartments Sell for $3.6 Million -

3689 James Road Memphis, TN 38128

Sale Amount: $3.6 million

Sale Date: June 6, 2013

19. Oakhaven Warehouse Sells for $11.3 Million -

5155 Citation Drive
Memphis, TN 38118
Sale Amount: $11.3 million

Sale Date: May 21, 2013

20. Owner Files $4.3 Million Loan on Serenity Towers -

The owner of the Serenity Towers at Midtown Memphis retirement community at 400 S. Highland St. has filed a $4.3 million loan on the property.

21. LeMoyne-Owen to Begin Work on $13.5 Million Residence Hall -

869 Saxon Ave.
Memphis, TN 38126

Permit Cost: $9 million

Permit Date: Applied September 2012

22. Farrisview Freight Terminal Sells for $1.7 Million -

2727 Farrisview Blvd.
Memphis, TN 38118

Sale Amount: $1.7 million

Sale Date: April 27, 2012

23. STCC Takes Next Step In Nursing Bldg. Plans -

693 Union Ave.
Memphis, TN 38103

Permit Cost: $14.6 million

Project Cost: $18.2 million

24. Land South of Shelby Forest Sells for $2.3 Million -

Vacant Land
Near Shelby Forest Park
Sale Amount: $2.3 million

Sale Date: Nov. 17, 2011
Buyer: Warren Nickolas Nunn
Seller: Estate of William S. Howard Sr.
Loan Amount: $2.5 million
Loan Date: Nov. 18, 2011
Maturity Date: n/a
Lender: Patriot Bank
Details: Warren Nickolas Nunn has bought several large parcels of vacant land from the estate of William S. Howard Sr. for $2.3 million, financing it with a $2.5 million loan through Patriot Bank.

25. Cross Creek Shopping Ctr. Sells for $12.7 Million -

3469 Riverdale Road, 3505 Riverdale Road and 3587 Riverdale Road
Memphis, TN 38115
Sale Amount: $12.7 million

26. CBRE Closes On Two Distressed Apt. Complexes -

CB Richard Ellis Memphis has recently closed two distressed multifamily properties in the West Winchester apartment submarket.

Tommy Bronson III and Blake Pera with CBRE’s multifamily division represented MPI Coventry Village LLC in the $1.25 million sale of Highland Creek Apartments, 1305 Turkey Run Lane, to Highland Creek Acquisitions LLC.

27. Tiger Gift Shop Moves To Larger Space -

Tiger Gift Shop is relocating a few doors down from its current location on the Highland Strip near the University of Memphis.

The university retailer, now at 549 S. Highland St., has signed a new 5,000-square-foot lease at 531 S. Highland, in the space formerly occupied by From One Greek to Another.

28. MBIN Signs New Lease At Bellbrook Park -

A Memphis-based wholesaler of collectable items has signed a new industrial lease in the Southwest submarket.

MBIN Global Inc. has signed a new lease for 26,250 square feet at Bellbrook Industrial Park, 1004 Brooks Road.

29. Riviana PILOT Headlines IDB Meeting -

Riviana Foods Inc. is looking for a tax break for its recently consolidated manufacturing and processing facility at 2314 S. Lauderdale St.

30. $5.3M Permit Application Filed for Soulsville Charter School -

1115 College St.
Memphis, TN 38106
Permit Amount: $5.3 million

Project Cost: $5.3 million for phase one
Permit Date: Applied September 2010
Completion: July 2011
Owner: Soulsville Foundation
Tenant: Soulsville Charter School
Contractor: Looney Ricks Kiss
Architect: Flintco Inc.

31. Highland Towers Sells for $1.8 Million -

Orlando, Fla.-based Serenity Towers at Midtown Memphis LLC has bought Highland Towers retirement community at 400 S. Highland St., for $1.8 million. The seller was Seattle-based New Wesley Highland Towers Associates.

32. Fan Friendly -

The Mid-South Fairgrounds may be the most unlikely landscape for a civic project that has succeeded in catching the eye of skeptical Memphians.

But it isn’t the architectural renderings of water-colored citizens strolling in the glow of a possible future that has our attention. It’s what Memphians don’t see when they drive by the fairgrounds that has their attention.

33. Riviana Foods Files $3M Building Permit -

2372 Prospect St.
Memphis, TN 38106
Permit Cost: $3 million

Project Cost: n/a
Permit Date: Applied February 2009
Owner: Riviana Foods
Tenant: Riviana Foods
Contractor: Linkous Construction Co. Inc.

34. Highland Files $7.2M Permit for Church -

Highland Church of Christ – formerly Highland Street Church of Christ – has filed a $7.2 million permit application with the city-county Office of Construction Code Enforcement to build a 67,000-square-foot, multibuilding church campus at 400 S. Houston Levee Road, northeast of the Walnut Grove Road and Houston Levee intersection.

35. Events -

Practical Exporting, a two-day seminar on key developments in exporting, will be held today and Sept. 30 from 10 a.m. to 2 p.m. at the SunTrust Building, 850 Ridge Lake Blvd., Suite 400. Cost is $25 for each day. Seating is limited to 35. Register online at www.memphischamber.com or contact Brenda Montgomery at 543-3541 or bmontgomery@memphischamber.com.

36. Sometimes, Wigging Out Isn’t Such a Bad Thing -

About a year after I graduated from journalism school, the managing editor at the medium-sized newspaper I worked for called me into his office and issued a no-nonsense command: Set up an appointment with one of the staff photographers for a head shot of me that would run on the cover of the features section every Monday.

37. $400 Million Indian CreekDevelopment Planned for Tunica -      Tunica Resorts-based Landworks Communities and Dallas-based Highland Capital Real Estate Advisors have purchased a 721-acre tract of land at Old U.S. 61 and Casino Strip Boulevard (Tenn. 304) and plan to build homes on t

38. Events -

The Memphis Bioworks Development Council meets today from 11:30 a.m. to 2 p.m. at the Holiday Inn-University of Memphis, 3700 Central Ave. Cost is $20. Call 543-3570 for more information.

The Small Business Chamber presents "Memphis Chamber in Action" Thursday from 5 p.m. to 6:30 p.m. at Regions Bank, 6200 Poplar Ave. For more information, contact Robert Staub at 259-1093.

39. Trezevant Manor Undergoes $80 Million Expansion -

Just as AARP The Magazine listed Memphis as one of five "Dream Towns" for retirement because of affordable housing and favorable weather, an upscale senior community in the city is undergoing a major expansion to keep up with its own growth.

40. What's Cooking on the Highland Strip? -

A few months ago, Marty Roberts was scouting for possible sites for a small retail complex. He bought what he considered a promising piece of vacant land along Park Avenue, where he's planning to begin construction soon on a 4,400-square-foot strip center.

41. Archived Article: Real Briefs - Three Memphis housing facilities for low-income elderly or incapacitated residents received a portion of $29 Three Memphis housing facilities for low-income elderly or incapacitated residents received a portion of $29.3 million in federal grants ann...

42. Archived Article: Real Briefs - The U The U.S. Department of Housing and Urban Development awarded $6.5 million in housing counseling assistance grants to 12 national, regional and multi-state intermediary agencies, including $324,000 to West Tennessee Legal Services Inc. in Jacks...

43. Archived Article: Graphic (trdeeds) - Dreams on loan Dreams on loan More than 8,500 trust deeds with due dates greater than 14 years have been executed in Memphis and Shelby County since the beginning of the year. The Cordova area accounted for the most trust deeds and the total amount ...

44. Archived Article: Real Briefs - The West Tennessee Chapter of Associated Builders and Contractors offers for 2000 are Vince Mazzola of Brooks and Mazzola Con The West Tennessee Chapter of Associated Builders and Contractors officers for 2000 are Vince Mazzola of Brooks and Mazzola...

45. Archived Article: Market Briefs - The Leadership Institute of Memphis is seeking applicants for the Leadership Memphis Class of 2001 The Leadership Institute of Memphis is seeking applicants for the Leadership Memphis Class of 2001. The Leadership Institute emphasizes diversity, sup...

46. Archived Article: Graphic (ytdsales) - A look back A look back Continued favorable interest rates and a variety of mortgage programs pushed 1999 to record proportions in terms of property transactions. According to warranty deeds filed in the Shelby County Registers Office for the past y...

47. Archived Article: Graphic - Houses of worship Houses of worship Whether adding a classroom or building an entirely new sanctuary, churches in Shelby County spend a lot of money on facilities, to the tune of $38.6 million in the past 12 months. Building permit needs range from ...

48. Archived Article: Graphic (resperm) - Hot pockets Hot pockets While the number of building permits issued for new construction on residential property is down for the first seven months of 1999, there are a few sub-markets seeing a good percentage of growth. In a comparison of permits i...

49. Archived Article: Graphic (2qcrime) - On the rise On the rise As the mercury rises, so do the number of incidents reported to local law enforcement. The three months of the second quarter 1999 reflect that trend as reports neared 7,600 in June, up from nearly 7,500 in May and more than ...

50. Archived Article: Graphic - Crime decline Crime decline Fewer days or cooler temperatures could have contributed to an overall drop in incident reports made to Memphis and Shelby County law enforcement agencies in February. Here's a comparative look at January and February rep...

51. Archived Article: Graphic (tdbyzip) - Brisk market Brisk market Property transactions in Cordova and Collierville continue at a rapid clip as those areas far outpace other parts of the county in the number of deeds of trust filed in the Shelby County Register's Office. Here's a look at ...

52. Archived Article: Graphic - Where the money goes Where the money goes It will come as little surprise to those in the know that Cordova and Collierville are the hottest ZIP codes in the county for property transactions, according to warranty deeds filed during November for amo...

53. Archived Article: Graphic - Power up Power up Across the board, utility connections in Memphis are on the rise. Comparing connections through the first 10 months of 1998 and 1997, 790 more connections have been made this year, a 4.3 increase over 1997. Heres a look at the numb...

54. Archived Article: Graphic - The Collierville ZIP code continues to be the hot address for property sales in August By the numbers The Collierville ZIP code continued to be the hot address for property sales in August. The town in southeast Shelby County leads the list for prop...

55. Archived Article: Graphic - Harried home sales Harried home sales Home builders have been putting up residences at a rapid clip during August. Heres a list of home sellers based on warranty deeds filed in Shelby County Registers Office for the period of Aug. 1-31 Seller Amo...

56. Archived Article: Graphic (utilconn) - The lights are on The lights are on About 1,000 more new utility connections were recorded in 1998 over 1997 in the city, according to figures supplied by Memphis Light, Gas & Water. In 1998, 21,904 connections were recorded, compared to 20,998 ...

57. Archived Article: Buck&bass Chg - Buck and Bass to build Jackson, Tenn Buck and Bass to build Jackson, Tenn., store Second location of hunting and fishing supply store scheduled to open in July By CAMILLE H. GAMBLE The Daily News Buck and Bass Sports Centre Inc. has borrowed $3.6 mi...