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Editorial Results (free)

1. ‘Complete Gut’ Planned for Dermon Building in Downtown Memphis -

The historic Dermon Building at the northeast corner of Third Street and Court Avenue will be turned into a boutique hotel following a recent purchase.

The 46 N. Third St. structure, which was built in 1925, is listed on the National Register of Historic Places due to its art deco and Renaissance-styled architecture. Real estate and bail bonding firms have occupied the lower levels, but the 10-story building has sat completely vacant for a few years and substantially vacant for well over 10 years.

2. Downtown Agency Looks to Tighten Up Hotel Tax Breaks -

To keep tourists flowing to Downtown, the Center City Revenue Finance Corp. grants tax breaks, or payment-in-lieu-of-tax incentives, for hotel developers. Such readily available incentives have helped create a market with 15 hotels and 3,000 rooms in Downtown Memphis.

3. Delayed Midtown Kroger Details Unveiled -

With completion of the Union Avenue store now 18 months past initial projections, Kroger Delta Division officials say that the store is on track and “not anywhere near your standard Kroger.”

4. Ikea Buys Cordova Acreage For Planned Memphis Store -

41 Acres for
Future Ikea Store

Sale Amount: $5.7 million

Sale Date: July 10, 2015

Buyer: IKEA Property Inc.

5. Room for Growth -

Sardor and Gulam Umarov are used to fighting battles with seemingly long odds.

Between 2005 and 2009, the brothers waged a high-profile human rights campaign against the authoritarian government in their native Uzbekistan for the release of their father, Sanjar Umarov, a Germantown businessman thrown into prison for opposing the regime.

6. Hilton Garden Inn Planned for Former Bus Station -

A Knoxville-based hospitality company has closed on the purchase of the vacant Greyhound facility Downtown and will transform the property into a Hilton Garden Inn.

Turkey Creek Hospitality completed the $1.7 million purchase of the 1.3-acre property Tuesday, March 18, and will bring a 140-room Hilton Garden Inn to the heart of Downtown Memphis. Hank Martin and Elliot Embry with NAI Saig Co. represented Greyhound Lines Inc. in the transaction.

7. Hilton Garden Inn Planned for Former Greyhound Station -

A Knoxville-based hospitality company has closed on the purchase of the vacant Greyhound facility Downtown and will transform the property into a Hilton Garden Inn.

Turkey Creek Hospitality completed the $1.7 million purchase of the 1.3-acre property Tuesday, March 18, and will bring a 140-room Hilton Garden Inn to the heart of Downtown Memphis.

8. Groundbreaking Set For Local Hilton Garden Inn -

The groundbreaking for the first Hilton Garden Inn in Memphis was scheduled for Friday, Jan. 31, at 10 a.m.

Hilton Worldwide and Globus Partnership are hosting the groundbreaking at the site of the new hotel, 7955 Market Plaza Drive in Cordova.

9. Groundbreaking Set for Memphis' First Hilton Garden Inn -

The groundbreaking for the first Hilton Garden Inn in Memphis is scheduled for Friday, Jan. 31, at 10 a.m.

Hilton Worldwide and Globus Partnership are hosting the groundbreaking at the site of the new hotel, 7955 Market Plaza Drive in Cordova.

10. New Hotel Planned for Downtown -

Memphis could be getting a new hotel at a prime Downtown location.

Turkey Creek Hospitality has signed a licensing agreement with Hilton Worldwide to develop a 140-room Hilton Garden Inn at 235 Union Ave., the site of a former structured parking facility at the corner of Union and Fourth Street. Knoxville-based Turkey Creek Hospitality would own and operate the new hotel.

11. New Hilton Garden Inn Planned for Downtown -

Memphis could be getting a new hotel at a prime Downtown location.

Turkey Creek Hospitality has signed a licensing agreement with Hilton Worldwide to develop a 140-room Hilton Garden Inn at 235 Union Ave., the site of a former structured parking facility at the corner of Union and Fourth Street. Knoxville-based Turkey Creek Hospitality would own and operate the new hotel.

12. Keystone Landing Complex Sells for $4.6 Million -

4266 Ridgestone Road
Memphis, TN 38128
Sale Amount: $4.6 million

Sale Date: Sept. 12, 2013
Buyer: Keystone Landing Apartments LLC
Seller: Ridgemont Investors LLC
Loan Amount: $3.5 million
Loan Date: Sept. 12, 2013
Maturity Date: N/A
Lender: Arbor Commercial Funding LLC
Details: The 150-unit Keystone Landing apartment complex at 4266 Ridgestone Road in Raleigh has sold for $4.6 million.

13. Union Avenue Parking Lot Sells for $1.4 Million -

The 186-space parking lot at 235 Union Ave., next to the former Greyhound Bus Station and across from AutoZone Park, has sold for $1.4 million.

14. Exeter Buys West Memphis Warehouse for $15.6 Million -

Pennsylvania-based Exeter Property Group has snatched up the Smucker’s distribution warehouse in West Memphis for $15.6 million.

The 600,000-square-foot facility was a foreclosed property from Bank of America, which was selling it with a year-end anticipated closing, said Matt Brodnik, Exeter’s director of capital markets.

15. Enclave Partnership Files Loan For 19 Lots of Enclave at Sparkle Creek -

Enclave at Sparkle Creek Planned Development
Unincorporated Shelby County
Loan Amount: $1.5 Million

Loan Date: Aug. 13, 2009
Maturity Date: Aug. 15, 2011
Borrower: The Enclave Partnership
Lender: Merchants & Planters Bank

16. Archived Article: Events - The U

The U.S. Department of Housing and Urban Development offers a training class on establishing nonprofit status from 8:30 a.m. to 12:30 p.m. today at 555 Beale St. Call 544-0928. The University of Memphis hosts Nobel Peace Prize recipient F.W...

17. Archived Article: Comm Focus - Womens show vendors cash in on power of the purse

Womens show vendors cash in on power of the purse

By STACEY WIEDOWER

The Daily News

Women have always held the purses, but now, many hold the purse-strings, too.

An increase in dual-in...

18. Archived Article: Gov't (ccc) - The ongoing debate over signs and billboards crossed another barrier and is nearing the end of the road, interim president Jeff Sanford reported to the Center City Commission Thursday CCC turns eye from billboards to total CDIB sign guidelines By KA...