The 2019 loan was secured by a deed of trust on the Lenox Office Park, which became collateral after the lending moved into “advanced foreclosure stage,” JLL’s listing said.

While the chain has offerings throughout the suburb, the Exeter Village store will be Germantown’s first standalone Starbucks with a drive-thru.

March home sales bounced back from February’s icy days as the spring market begins to flower. 

Hosted by the Memphis Area Association of Realtors Commercial Council, the Pinnacle Awards honor the top commercial real estate professionals and projects each year.

The Gourmet Gallery owners will open a new soul food restaurant at 629 Chelsea Ave., the former Ms. Girlee’s Soul Food. Also, a new burger restaurant is coming to Arlington.

In other news, apartments, offices and retail are planned for the former TV station at 2701 Union Ave. Extended. 

MidtownMemphis.org is encouraging residents to speak out against Memphis 3.0’s future land use map, but other residents say the city’s zoning plan will be beneficial.

“There’s nothing sad about any of this,” Falling Into Place owner Mary Claire White said. “I feel really, really good about what I’ve done for 10 years. I’m excited to focus on the next thing.”

“It’s just a super exciting time to be in real estate as our economy is going through this transformation,” said Kemp Conrad of Cushman & Wakefield.

The Texas-based wholesale egg distributor plans to operate near the Simmons Bank Liberty Stadium. 

XAI’s first Memphis data center Colossus dwells in a former Electrolux plant in Southwest Memphis. It is arguably one of the most valuable machines in the world controlled by someone with unrivaled wealth and galactic ambitions.

The latest from the no-frills national grocery chain will be located at 785 Union Ave., in a building that once housed an Office Depot. 

 Malco says it will only sell if it’s “the right thing to do.”

The summit discussed affordable housing in Memphis as the summit theme centered around creating generational wealth in Black communities where systemic inequities halt homeownership. 

The Midtown bar and entertainment space never reopened after it shut down suddenly in December with a social media post saying it was for renovations.

Also, a new Tractor Supply Co. will develop 7 acres of land for the new retail spot, and M.J. Funeral Homes is expanding.

For now, the Dollywood Foundation owns the former Pancho’s site in West Memphis, but if all goes according to plan, the site will be sold this summer with the proceeds going to the Foundation.

Sweet Eye Coffee House is open in Cordova, Teriyaki Madness will open this summer with plans to expand in the Memphis area and Walk-On’s Sports Bistreaux is open in Southaven.

The Downtown Memphis Commission’s Center City Development Corp. awarded the owner a $30,000 Retail Tenant Improvement Grant on Wednesday, March 19, for interior and exterior improvements.

A building in Memphis is trading church pews for stage cues, with Hattiloo Theatre tapped to run the theater program. Plus, a Nashville-based company takes the next steps for the Simmons Bank Liberty Stadium renovation. 

Harmony at Morning Grove is accepting applications for the 55-and-older community that includes 196 units in a four-story building at 9525 U.S. 64.

Here’s some juicy info. 

Plus, four new apartment buildings are slated for the Medical District along Poplar Avenue and MLGW’s North Service Center facility is expanding. 

A Shelby Drive industrial building will be auctioned off, an insurance agency is expanding to East Memphis and a wholesaler moved to Pleasant View Road. 

Frigid February weather stalled real estate sales, Memphis Area Association of Realtors’ President Greg Renfrow said. But a bounce back could be just around the corner.