Wells Fargo offered the only bid — $43 million — to take ownership of the landmark building in East Memphis.

In-Rel Properties said in an email that the East Memphis landmark will change ownership due to the outcome of a legal case.

Across the Memphis area, new and amended commercial real estate leases are reflecting the pandemic and what such a "force majeure" can do to a business's ability to pay rent.

Tennessee College of Applied Technology will now add a 20,000-square-foot building to its Downtown campus, even while construction continues on its new Bartlett campus.

To date, the EDGE committee has awarded $179,000 to 32 businesses throughout the NEED grant program.

Two manufacturers and an apartment builder received tax incentives from the EDGE Board.

The historic, renovated building housing the sophisticated designer-clothes and lifestyle store has been sold to real estate investors who plan to find another business tenant.

A California-inspired wine bar and restaurant plans to open this summer in Williamsburg Village shopping center in East Memphis.

A development team is building a three-story apartment building that will place residents in the middle of the restaurants, groceries and entertainment that surround Brookhaven Circle in East Memphis. 

Raymond James wants to go another legal round against its Downtown Memphis landlord. The company also reveals that six years ago it negotiated to be anchor tenant for what is likely the planned One Beale office tower. 

Pandrol plans to increase its capital investment in Memphis from $9.3 million to $12.9 million, and Ampro plans to invest $6 million to manufacture a new product line at its plant in Frayser.

A four-story, 127-unit apartment building is proposed for the east edge of the Fairgrounds.

Despite a “rejection” recommendation from the Office of Planning & Development, the Land Use Control Board voted 6-4 to approve construction of a production facility, using 3-D printing, in the middle of single-family homes in Whitehaven.

Both founded in South City in the 1960s, Paradise Entertainment Center and Tom Martin's Body Shop plan to improve the exterior of their buildings.

The athletic-apparel chain will open its second, Memphis-area store at the southwest corner of Central and Cooper. The 111-year-old building last housed Toad Hall Antiques. 

The first 500 cases of beer from the city's newest craft brewery rolled away Monday toward groceries, liquor stores and bars. The taproom will open once a power pole is moved so the city can restore access to the site. 

The pandemic may be delaying the city's process for selecting the next users of Rust Hall and the Brooks Museum of Art building in Overton Park.

Yes, the pandemic pushed home sales down substantially. But the agents still completed 1,456 transactions under trying conditions.  And this weekend, look for the return of open houses.

Just 33 years old, twins Ron and Don Parks of Union City will soon start building their fifth dealership of farm and lawn equipment, and their first in the Memphis market.

MAA reported revenues and expenses ticked up slightly, while the COVID-19 pandemic started to affect the multifamily rental business as the first quarter closed.

Developers of the upscale, senior-living development in East Memphis are dropping plans for underground parking and instead want to build a surface parking lot, eliminating 10 cottages but speeding up construction. 

The owners of the old Econo Lodge near Union and Interstate 240 want to raze it and build a dual-branded hotel: Townplace Suites and Fairfield Inn & Suites.  

LPI Memphis, the owner of Overton Square, plans to build a three-story, 18-unit apartment building in the entertainment and dining district.

The YMCA of Memphis & the Midsouth confirmed Saturday that it bought and will use as its resource center a 55,888-square-foot office building in Cordova's Goodlett Farms office park.

A building permit application filed this week is part of a $20 million project to enlarge and upgrade St. Clair Foods, which makes potato salad and many other refrigerated or frozen side dishes and has an expanded deal with Sam's Club stores.