JCAP common stockholders will receive $17.30 per share in cash, according to the agreement.

Among the terms of the grant, applicants must make a “best faith effort” to reach out to minority- and women-owned business enterprises (MWBEs) for consulting/contracting opportunities.

Changes to the bonding formula for new projects in Bartlett should result in savings for developers.

A South Carolina real estate investment firm just bought the Southwind area's 817,000-square-foot warehouse that had been used for decades by Nike.

Owners have spent nearly $11 million building Grind City Brewery Co. near Uptown. They are frustrated that the taproom's opening has been delayed for months while they wait for MLGW to move a power pole from the middle of the access drive. 

The proposed "Pre-Development Assistance Grant" would provide up to $5,000 for such costs as marketing studies, architecture, engineering and environmental assessments. 

Rooziman and Nighat Shah have just bought 45 acres at Hacks Cross and Shelby Drive, with plans to build a convenience store/gas station as well as a 16,000-square-foot shopping center on the corner. They own more than 100 C-stores in and around the Memphis area.

The current plan for the adaptive reuse of the Nylon Net Building is to build 199 apartments and a two-level parking structure with 230 spaces.

The e-commerce giant will now operate more than 4 million square feet of facilities in the Memphis area.

Opponents' reasons can be grouped into about 10 categories, from traffic congestion to environmental concerns over underground gas tanks. Still, the Office of Planning Development has recommended the C-store be approved because the area around it has become more commercial. But now the case may be delayed until late August.

Strong industrial real estate activity happened in the Memphis market during April, May and June, in part because of the pandemic, not despite it. 

A two-story commercial building at the seam of Central Gardens and the Medical District will soon become 18 units of luxury apartments.

Yet another seafood boil restaurant is coming to Memphis. The Hook & Reel will breathe new life into a building where an O'Charley's Restaurant closed recently.

Chick-fil-A's unusually short but expensive move seems to affirm the Wolfchase shopping district has still got 'it': The power to draw customers from far and wide.

The number of houses for sale in the Memphis area has dropped by a third over the past year.

After the City Council sent the cases back, the Land Use Control Board for a second time approved two development proposals over the stiff opposition of neighbors.

Google's goal is to hire 100 people by the end of 2020 and open its operations center at 5665 Airways by summer 2021.

Building permit applications have been filed for a $35 million senior living facility in southeast Memphis and a $50 million warehouse near the airport.

The applicant proposing The Stratford event center plans several measures to prevent the commercial activity from affecting residences nearby.

Building permit applications show Raymond James plans to spend $7.25 million renovating the 1100 Ridgeway Loop building and $6.33 million renovating the 889 Ridge Lake building.

Finard Properties has filed requests with the planning board to transform Poplar Plaza's southeast corner into a mixed-use development. A rendering indicates existing buildings on the corner will be replaced with six- or seven-story structures.

The retail chain that serves civilian and professional gun shooters, law enforcement and other first responders has signed a lease in the Market at Wolfcreek, across from Wolfchase Galleria.

Two of Silo Square's mixed-use buildings, each three stories, are effectively designed as illusions, with a nod to the past. The presence of a kitchen-appliance delivery truck nearby signals that completion of those buildings is within the near future. 

Hulet and Jackie Gregory this week bought the 85,000-square-foot Bartlett Station Plaza shopping center. Gregory Realty now has about 30 commercial properties and is hunting for more.

Gorney Realty Partners just bought the Centrum and Colonnade office buildings in East Memphis from Highwoods Properties.