VOL. 129 | NO. 164 | Friday, August 22, 2014

The 24-unit Macon Homes section 8 apartment complex at 500 N. Claybrook St. in Midtown has sold for $800,000.

A recently formed limited liability company called Crosstown Macon Homes LLC bought the 17,820-square-foot, three-building multifamily property in an Aug. 20 warranty deed from Macon Homes Ltd.

The seller had acquired the property in 1981 for $191,000.

Built in 1950, the Class D apartment complex sits on 1.2 acres along the east side of North Claybrook Street where it bends west into Forrest Avenue. The Shelby County Assessor of Propertys 2014 appraisal is $411,300.

No financing was associated with the transaction, but the seller did quitclaim the property to Crosstown Macon Homes on the same date.

Source: The Daily News Online & Chandler Reports

Daily News staff

The Economic Development Growth Engine of Memphis and Shelby County tweaked the tax incentives for an expanding trucking company.

The payment-in-lieu-of-taxes incentive, or PILOT, awarded to North Carolina-based less-than-truckload carrier Old Dominion Freight Line Inc. last year had to be adjusted after the company said it would create fewer jobs in the ramp-up period but increase capital spending and wages.

Excerpt from:
MERI Receives $150,000 Grant