Real Estate
Midtown senior facility gets financing, small businesses get loans
A 93-unit senior housing project is moving forward, and a local board awards $43,000 in small business loans.
Andy Ashby
There are 112 articles by Andy Ashby :
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June 2026
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Real EstateEthnos Coffee Roasters eyes fall opening in Downtown Memphis
The Downtown Memphis Commission board talked coffee, new hires and beer at its meeting.
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Real EstateDevelopers line up funding for Midtown senior housing project
The project will have 93 units, with 72 for assisted living and 21 for memory care, plus restaurant-style dining, fitness amenities, memory care programming, entertainment spaces, salon and spa services and resident support services.
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Real EstateInked: Sonic Drive-In coming to East Memphis
Another fast-food location is coming to Poplar Avenue. Plus, the Memphis Fire Fighters Association is building a new space.
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Real EstateFour Memphis-area Wendy’s getting an update
Wendelta, a subsidiary of Carlisle Corp., has acquired four local Wendy’s restaurants and plans “to make sure they’re running really, really well.”
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Real EstateCoffee company brewing up Harbor Town location
The project is an 800-square-foot retail bay between Cocozza American Italian Restaurant and Cordelia’s Market.
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Real EstateA $30M renovation turned an apartment complex into a fresh start for 200+ families
“We sometimes say that we make our money in complexity,” said Sarah Jemison, head of ALCO, which just cut the ribbon on new affordable-housing units in Memphis.
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Real Estate‘Positive momentum’ in area fuels North Mississippi industrial development
Hillwood Investment Properties has broken ground on a 1.15 million-square-foot building, the first speculative building in the area in three years, which is a positive signal for the local industrial market.
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Real EstateNew York firm acquires former Memphis chemical manufacturer facility
Perdomo Worldwide plans to open a developable site in an older industrial submarket that’s seeing a slight resurgence.
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Real EstateInked: Cordova Creek Apartments, Townsend Insurance and Memphis Goodwill
Graybel Investments and Quad Property Group bought Cordova Creek Apartments. Townsend Insurance Group bought the former Regency Realty office. Memphis Goodwill Inc. is leasing the former Big Daddy Pawn building in Southeast Memphis.
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Real EstateCanada-based company buys former Fred’s HQ for $25 million
5C Data Centers bought the former Fred’s Inc. headquarters as part of its plan for a $152.1 million artificial intelligence data center.
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Real EstateProjects planned in Parkway Village, North Memphis, Cooper-Young and Covington Pike
If approved, these projects could add residential units and commercial property across the city.
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Real EstateOutdoors Inc. building hits market for almost $2 million
Location, location, location: The two buildings that housed the former Outdoors Inc. are near one of the busiest intersections in the city, seeing more than 29,000 vehicles daily.
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Real EstateWork starts on $70M Smokey City Market in North Memphis
The Community Redevelopment Agency is moving forward with the first phase of Smokey City Market, an estimated $70 million project aiming to bring affordable housing, senior care, retail and green space to the area.
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Real EstateNorth Memphis is about to have Jazz and Blues
Memphis Jazz, a residential community of 249 homesites, will be across the street from the Memphis Blues neighborhood.
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Real EstateInked: Dunkin', Tolteca and Welltower do deals
Dunkin’ crosses Union Avenue for a new location, Tolteca Foodservice buys a Southeast Memphis distribution center and Welltower buys a pair of local senior-housing facilities.
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Real EstateFrom ashes, a Mapco Express will rise on Poplar and Highland — with a patio
In January 2024, the Exxon/Hop-In on one of the most visible retail corners in the city was destroyed in a fire.
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Real EstateLong-vacant Holiday Inn, FedEx campus on Lamar gets new owner
The property was well-maintained for years but started to decline after FedEx left. Weeds have grown around the property, and the air conditioning gave out years ago.
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May 2026
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Real EstateInked: Downtown’s The Daily News building has a new owner
Local buyers claim former Daily News building and Fox Run Square. Helen of Troy expands to Southeast Memphis.
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Real Estate Former Commercial Appeal building set for demolition
Demolition of the former Commercial Appeal building could start in late June. DT Specialized Services, an Oklahoma-based company, filed a demolition permit for the property at 495 Union Ave.
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Real EstateFormer Immaculate Conception high school buildings, convent being demolished
The Cathedral of the Immaculate Conception is clearing four buildings on its campus to make the property more accessible, add green space and to save money on upkeep.
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Real EstateTsunami building goes on the market
Ben Smith opened Tsunami, a Pacific Rim-themed restaurant, in July 1998. He closed it this past February but would like to see it become a restaurant again.
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Real EstateOlymbec USA adds to its Southwest Memphis holdings
The privately-held commercial real estate firm bought the warehouse for $4.5 million.
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Real EstateGermantown office building bought for $5.5 million
A former FedEx office could become upscale medical campus.
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Real EstateInked: New industrial buyer, SRM expands and Village Mart adds 10th local store
A Dallas-based industrial real estate investment firm has made its first purchase in Memphis, and Village Mart, a local clothing store, has signed a lease for a new location.
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