Peabody Place gets a new tenant
Peabody Place will soon be getting a new tenant. But not in the space that ServiceMaster Brands recently announced plans to vacate.
Peabody Place will soon be getting a new tenant. But not in the space that ServiceMaster Brands recently announced plans to vacate.
The California-based medical device company plans to hire 95 employees and spend $3.5 million to open a distribution and repair operation in the city’s southeast industrial submarket.
Mullen Technologies received tax break in return for hiring 434 people, investing $362 million and becoming the first company to make cars in Memphis since the Ford plant closed in 1958.
The state court’s general counsel emailed notice to judges and courts at all levels in 22 West Tennessee counties stating that the eviction ban is now lifted.
The Centers for Disease Control exceeded its authority in imposing an order prohibiting landlords from evicting renters during the pandemic, U.S. District Judge Mark Norris ruled Monday.
The Vollintine-Evergreen Community Association’s effort to become the 17th neighborhood with historic-overlay protections was delayed when an adjoining neighborhood asked to be included. The application now goes back to the Landmarks Commission.
The application process for the $7,500 in home-loan payments starts March 15. United Housing will host a free, online workshop on Thursday, March 11, to guide homeowners through that process, but also will counsel anyone struggling to keep current on their mortgage payments.
Leah Fox-Greenberg has a deep history with both preservation work and nonprofit organizations. She will start her job as chief executive of Memphis Heritage in April.
Twenty-six-year-old Hurston Reed has just launched his career at TSCG despite the challenges to retail real estate caused by COVID and e-commerce. “People want to get out of the house and be socially interactive. … I’m very confident in it,” he says.
The Board of Mayor and Aldermen approved a rezoning on the first of three readings. Multiple aldermen said the approval was part of “due process.”
A 36-year-old construction worker fell to his death while helping renovate a building in the Cotton Row National Historic District.
Cameron Ellis is just 27 years old, but his real estate business called WeOffr buys and renovates about 100 houses a year in Memphis and 20 to 40 annually in Nashville. Plus, Ellis is rapidly buying and renovating multifamily properties in the core city.
Eduardo Sanchez Borja came here from Mexico at age 14. Laurynas “LP” Petrauskas arrived from Lithuania at 13. Now partners in development, they may help change how Memphians see their built environment.
Pat Gamble is now senior vice president at Avison Young after spending 24 years with CBRE. Gamble also is broadening his focus to include industrial as well as office real estate.
Minglewood Plaza owner Richard Roberts also is looking for someone to manage Minglewood Hall concert venue. Other businesses inside Minglewood Plaza continue to operate.
New applications to the Land Use Control Board also include plans for a 156-lot subdivision on Walnut Grove, a 129-lot subdivision near Tenn. 385, and a gated, nine-lot subdivision in East Memphis on White Station Road.
The number of houses sold in Shelby, Fayette and Tipton counties in February dropped 5.2% from a year earlier. But the week of snowy weather was likely a factor.
The developers of the Historic Snuff District plan a second, mixed-use building of six stories, 292 apartments, 420 parking spaces and 10,000 square feet of commercial space. They seek a tax incentive valued at $19 million over 20 years.
The existing PILOT on the center runs through December 2026.
The owners of Tops Bar-B-Q have sold at least seven of their 15 restaurant buildings to a Phoenix firm that buys the real estate of businesses and leases it back to them.
Veterans Services (USA) plans to transform the East Memphis Crowne Plaza into a mixed-use development marketed to veterans and other seniors. The organization’s goal is to operate such a facility in all 50 states.
A new ownership group has bought Earnestine & Hazel’s for $900,000 and and a nearby warehouse for $200,000. The old bar will reopen soon, and the new owner promises to keep those Soul Burgers sizzling.
The former Tennessee Baptist Children’s Home site is considered a prime location in Bartlett due to its high acreage and its proximity to both U.S. Highways 64 and 70.
The applicants argued unsuccessfully to the Board of Adjustment that their flexible-loan business is not as financially punishing to customers as payday or title loan shops.
The new owner of an apartment building near the Highland Strip applied for a variance allowing a dumpster to be placed near Walker Avenue. The retroactive request will require the owner to make significant changes for approval amid significant opposition.