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Editorial Results (free)

1. Kroger Spends Millions to Permanently Cut Prices in Memphis and Beyond -

Kroger has made a “multimillion-dollar investment” to permanently cut prices on more than 3,000 products in its grocery stores across Memphis and its multistate Delta Division.

Shoppers will be met with oversized signage announcing the price cuts almost anywhere they turn inside Memphis-area Kroger stores. That includes messaging that completely covers the entrances that shoppers walk through at locations like the Kroger at 1675 N. Germantown Parkway, where a bright yellow image of a few grocery items and the announcement “Say Hello To Lower Prices” covers the doors.

2. Hotel Developer Moves On Scimitar Building Conversion -

179 Madison Ave.
Memphis, TN 38103

Permit Cost: $5.2 million

Permit Date: Applied August 2015

3. Car Wash Facilities Sell for $29 Million -

Car Wash USA Express Holdings LLC, a Mississippi limited liability company, has sold its portfolio of car wash facilities located across Memphis and Shelby County.

4. Car Wash Facilities Sell for $29 Million -

Car Wash USA Express Holdings LLC, a Mississippi limited liability company, has sold its portfolio of car wash facilities located across Memphis and Shelby County.

5. Nursing Home Owner Files $13 Million Loan -

3549 Norriswood Ave.
Memphis, TN 38111

Loan Amount: $13 million

Loan Date: July 13, 2012

6. Schnucks Closure a Sign of Market’s Struggle -

News that the Schnucks supermarket at 1150 N. Germantown Parkway is closing brought to light an important realization about today’s economy.

7. Commercial Real Estate Hits Doldrums -

When it comes to trends, commercial real estate usually lags residential real estate, sometimes by as much as a year. So with the housing market showing its first signs of improvement during the last month or so, the commercial sector needs to prepare itself for a long, bumpy road to recovery.

8. Commercial Real Estate Hangs on for Dear Life -

The pulse of commercial real estate is barely detectable, but the fact that it’s still registering a beat is remarkable considering the trauma it’s suffered over the past year.

From March 2008 through February 2009, commercial sales in Shelby County declined 35 percent compared to the prior 12-month period, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

9. Tight Credit Put Squeeze On ‘08 Commercial Real Estate Sales -

As with the residential sector, 2008 was a year to forget in commercial real estate, which suffered declining sales and endured a nationwide credit crunch throughout the year.

“The big storyline in ’08 was that lenders weren’t lending,” said Johnny Lamberson, senior vice president at CB Richard Ellis Memphis. “It put a real tightening on deals getting done. If deals weren’t highly leveraged, as the year went on it became harder and harder to get transactions closed because nobody was lending money.”

10. Commercial Real Estate Sales Down 18 Percent -

A familiar theme in the commercial real estate market continued in November as a couple of high-dollar transactions kept the month out of the doldrums. Not surprisingly, though, those numbers didn’t do much to salvage an otherwise dismal year.

11. Houston REITs Buy $42M Share In Local Shopping Centers -

A newly formed joint venture between Weingarten Realty Investors and Hines Real Estate Investment Trust (REIT), both of Houston, has bought a majority share of two local Kroger-anchored retail centers for a combined $41.6 million.

12. Sept. Commercial Sales Drop 18% -

Shelby County’s commercial real estate market was highlighted by a wide variety – but a low volume – of transactions in September, revealing a continued slowdown because of the credit crisis and overall economic slowdown.

13. Extensive Rehab Planned For Frayser Apartments -

2881 Range Line Road
Memphis, TN 38127
Permit Amount: $2.6 Million

Project Cost: $2.6 million
Permit Date: Applied September 2008
Completion: Spring 2009
Owner: Rynard Properties Ridgecrest LP
Tenant: Rynard Properties Ridgecrest LP
Contractor: R.L. Rynard Construction Inc.