The privately owned multifamily investment and property management company just acquired The Ovilla, a 288-unit multifamily community in Red Oak, Texas, for an undisclosed amount.

New owners are one step closer to buying the Central Lofts, a 2.6-acre property down the street from the Memphis Tigers football stadium. 

Raven Marshall-Lewis, who owned and ran the childcare center where Winter Jones died last week, operates at least six other childcare centers in Shelby County. Four of them have been cited for issues. 

The old Margaritas space in the 153-year-old building across from the Peabody Hotel has new ownership, and a former Kroger building has a new use.

The EDGE board will hear the application at its Aug. 19 meeting at Junior Achievement of Memphis and the Mid-South.

Central Lofts owners have entered a purchase agreement for the 127-unit apartment property.

“We do not have any immediate plans for the building and will demolish it for the safety and benefit of our staff, patients and visitors,” a Baptist Memorial Hospital executive said.

Brokers say AI technology improves efficiency, but only if users pay for stronger data controls and take the time to verify its output.

The financial services company is seeking more than $13 million from the owner of 50 N. Front St., formerly known as Raymond James Tower.

The Memphis and Shelby County Division of Planning and Development’s Unified Development Code update adds a Suburban Main Street mixed-use district and makes changes in zoning recommendations for multiple parts of the city.

Millwork Specialty Contractors buys warehouse in Memphis International Airport Center; Fusion Hospitality adds to its local hotel holdings; and Rush Gaming & Collectibles signs lease in East Memphis.

The Board of Mayor and Aldermen made a few adjustments to the Germantown subdivision. However, one resident said broken agreements is his impetus to run for mayor.

The former developer of the Cascades project in Olive Branch owes millions in unpaid loans. The future of the highly-anticipated project still remains unclear.

Two and a half years after a fire, the Exxon at Poplar and Highland is surrounded by fencing and still vacant.

Crews are demolishing the First Horizon building, and developers are building a restaurant in the former Houston’s site.

Two century-old apartment buildings in Midtown are sold, and it’s “a different ballgame” for people who want to buy industrial properties of a certain size. 

The Nineteenth Century Cub building at 1433 Union Ave., which was built as a private home in 1909, is on the market for $3.8 million.

The company’s sprawling campus stretches across the Tennessee-Mississippi state line and includes three data centers.

Varsity Spirit is growing its operations locally by snagging a warehouse space in Southeast Memphis.

Also in this edition of Inked: American Deli may be taking over a former Wendy’s restaurant in the Wolfchase area, and an HVAC company bought a Southeast Memphis building.

The property on the town’s western border could be developed into residential, commercial or mixed-use.

The Pasadena, California-based hot chicken chain will occupy one of the five suites in the former 15,000-square-foot corner space that housed Spin Street before it closed in 2017.

Grant & Co. pulled construction permits for The Levee, an estimated $40 million development with 300 units spread across 11 buildings.

Live Nation, Crosstown Concourse and Archimania worked together on the plan for the space at 1291 Autumn Ave.

The mixed-use project just south of the Interstate 40 and Canada Road interchange is a hive of activity as crews finish the first batch of townhomes at The Willows at the Lake.

One agribusiness giant is adding to its local presence while another is reducing its footprint.