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Editorial Results (free)

1. Sprouts Opening Lakeland Store May 13 -

Sprouts Farmers Market, a fast-growing specialty grocery chain, has set an opening date for its first Memphis-area store.

Phoenix-based Sprouts, which replicate the look and feel of an indoor farmers market and specialize in fresh, organic and healthy food, will open a 28,000-square-foot store in a former Kroger at 9050 U.S. 64 in Lakeland on May 13.

2. Memphis Industrial Market Rebounds in 2014 -

The upswing in the industrial real estate sector that started in 2012 and gained momentum in 2013 continued in 2014 and the Memphis market, fueled by several large transactions late in the year, should top 2013's level of around 3.2 million square feet of absorption.

3. Grassroots Growth -

In 2007, Greg Spillyards was part of a team at CB Richard Ellis Memphis tasked with reviving the dog-eared Bellbrook Industrial Park.

The project struck close to Spillyards’ heart.

Born in Pine Bluff Ark., and raised in Memphis, Spillyards originally entered the world of commercial real estate to help transform communities from the ground up, the kind of effort that restoring Bellbrook would take.

4. Spillyards Leads Community Advisors Launch -

Greg Spillyards has joined the brokerage team at Cushman & Wakefield/Commercial Advisors to launch the firm’s Community Advisors service line.

Community Advisors is focused on the Memphis city core, with a goal to provide real estate advisory services to assist in the revitalization of the city’s underserved areas with passion, creativity and entrepreneurship, and with service to those already living and leading in their neighborhoods.

5. Legal Ease -

Earlier this year, Baker, Donelson, Bearman, Caldwell & Berkowitz PC renewed its lease at the First Tennessee Building Downtown.

The city’s largest law firm decided to expand its lease, taking over a quarter of the space at the 415,658-square-foot Madison Avenue office tower.

6. Community Main Focus of Conrad’s Goals -

Since Kemp Conrad, principal with Cushman & Wakefield/Commercial Advisors LLC, took the position as president of Commercial Advisors’ asset services – a leading third-party provider of leasing, property management and project management services – revenues have increased by 215 percent.

7. Community Improvement at Heart of Conrad’s Goals -

Since Kemp Conrad, principal with Cushman & Wakefield/Commercial Advisors LLC, took the position as president of Commercial Advisors’ asset services – a leading third-party provider of leasing, property management and project management services – revenues have increased by 215 percent.

8. Logistics Limelight -

World-renowned as a logistics and distribution hub, Memphis will further raise its profile this month with events that showcase the city’s transportation assets and standing in the global economy.

9. Jensen Guided by Service to Neighbors, Community -

While some companies have mission statements that stretch on for pages, Larry Jensen has boiled his firm’s strategic vision – and much of his outlook on life – down to a simple equation: FC3.

10. Government Largesse -

These days, it seems like office real estate brokers are fighting tooth and nail to find office space for government tenants.

While office brokers are typically chasing new business to town or urging existing firms to grow, they’re now looking for office space for government agencies, which have emerged as prominent players in the local office real estate sector.

11. Events -

The Memphis in May World Championship Barbecue Cooking Contest will be held Thursday, May 16, through Saturday, May 18, at Tom Lee Park, on Riverside Drive Downtown. Tickets are $9 at the gate. Visit memphisinmay.org.

12. Events -

Families of Incarcerated Individuals Inc. will host a rebranding event Wednesday, May 15, from 11:30 a.m. to 12:30 p.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave. The organization will unveil its revamped programs and services. Call 726-6191.

13. Events -

National Hispanic Professional Organization-Memphis will meet Thursday, May 16, from 11:30 a.m. to 1 p.m. at the Hilton Memphis, 939 Ridge Lake Blvd. Speakers include Larry Jensen, president and CEO of Cushman & Wakefield/Commercial Advisors LLC, and representatives from Washington think tank Excelencia in Education. Cost is free for members and $20 for nonmembers. R.S.V.P. to info@nhpomemphis.us or 466-6476.

14. Industrial, East Memphis Office Sectors Bolster CRE -

The local commercial real estate market is a tale of two sectors, with the industrial sector showing signs of improvement while the overall office sector – outside the prized East Memphis submarket – continues to struggle through the first three months of the year, according to recent reports.

15. Events -

Memphis Rotary Club will meet Tuesday, May 7, at noon at the University Club of Memphis, 1346 Central Ave. Jeremy Park, director of the Lipscomb Pitts Breakfast Club, will discuss corporate philanthropy and community building. Cost is $18. R.S.V.P. to Taylor Hughes at taylor@memphisrotary.org.

16. Events -

In-Synk and The Daily News will host a Leadership Lunch & Learn about Nate Silver’s book “The Signal and The Noise: Why So Many Predictions Fail – But Some Don’t” Friday, May 3, from 11:45 a.m. to 1 p.m. in the Triumph Bank board room, 5699 Poplar Ave. Cost is $20. Register at lnlsignalnoise-rss.eventbrite.com.

17. Events -

Memphis Rotary Club will meet Tuesday, May 7, at noon at the University Club of Memphis, 1346 Central Ave. Jeremy Park, director of the Lipscomb Pitts Breakfast Club, will discuss corporate philanthropy and community building. Cost is $18. R.S.V.P. to Taylor Hughes at taylor@memphisrotary.org.

18. Commercial Advisors Turns 20, Expands Office -

Cushman & Wakefield/Commercial Advisors LLC celebrates 20 years of serving clients in the Memphis community this year and has recently expanded its East Memphis office.

19. Bioventus Inks Deal for 40,000 Square Feet -

A Durham, N.C.-based biologics company is relocating its Memphis presence, signifying a boon to the Northeast office submarket.

Bioventus LLC has inked 38,880 square feet of office and manufacturing space in Goodlett Farms Business Campus, 1900 Charles Bryan Road, in Cordova.

20. Realty Firm Gives Back Through Farm-to-Fork Fellowship -

Commercial real estate deals were put on hold Friday, Oct. 26, for Cushman & Wakefield/Commercial Advisors LLC.

21. ‘Perfect Storm’ -

Office sublease space reached a record high in the first quarter, and local experts are forecasting even more leases from one lessee to another to hit the market prior to year-end.

Office subleasing totaled 600,664 square feet during the first three months of the year, according to Cushman & Wakefield/Commercial Advisors LLC’s Q1 office market report. That’s nearly 14 percent of total available space.

22. Health Care Reform to Affect CRE Industry -

Members of the local real estate and health care industries gathered at the Doubletree Hotel, 5069 Sanderlin Ave., on Thursday, June 28, for a luncheon and panel presentation called “The Changing Face of Health Care Real Estate.”

23. Aerotropolis Brand Slow To Catch On -

The president of the company that helped give Alliance, Texas, the country’s first 100 percent cargo airport said he and others in the project had the advantage of working with a relatively blank slate.

24. Binkley Promoted to VP at Boyle -

Les Binkley has been promoted to vice president at Boyle Investment Co.

Hometown: Memphis

25. New Eateries Coming to Midtown -

Midtown has a reputation for one of Memphis’ most eclectic areas, adorned with vintage houses, international cuisine and funky entertainment venues.

In the coming weeks, it will broaden its portfolio even more with three Memphis eateries: Gigi’s Cupcakes, The Slider Inn and a yet-to-be named concept in Cooper-Young.

26. Slow Deals Latest Signs of Times -

Office and industrial deals across the Mid-South are taking longer to get accomplished thanks to shaky confidence and more financial hurdles coming out of the economic downturn of the past few years.

27. 2011 CRE Outlook Cautiously Optimistic -

Optimism is in the eye of the beholder in the commercial real estate industry. In a city plagued with high vacancies and scarce speculative development, investors have Memphis on its radar – and Memphis should too.

28. Inaugural Seminar to Focus on CRE Issues -

Despite commercial real estate’s doldrums, local brokers are seeing signs of resurgence.

Commercial real estate investments – such as malls, office buildings and industrial properties – reached $316 billion nationwide in 2010, according to Thomas Reuters. That represented a 50 percent jump from an eight-year low in 2009 of $209 billion.

29. Interstate Brands Renews, Expands Lease -

Interstate Brands Corp. has renewed and expanded its lease in the Germantown Park - Kimbrough Building in Cordova, more than doubling its footprint.

30. Biz School Dean: Memphis Is A Real Estate City -

Rajiv Grover said his message to the Memphis Metropolitan chapter of CCIM at Tuesday’s monthly luncheon won’t reveal anything real estate professionals don’t already know about their business.

“This city is a real estate city,” said Grover, dean of the Fogelman College of Business and Economics at the University of Memphis. “A lot of people made wealth over the years through real estate and banking.

31. GreenScape Promotes Colvett to President -

Frank Colvett Jr. has been promoted to president of GreenScape Inc.

Colvett previously was executive vice president and corporate treasurer. He has been with GreenScape since 1992 and also has served the company in various capacities including project manager, estimator and vice president of marketing. His civic and community activities include serving as treasurer of the Tennessee Republican Party, and as a member of St. George’s Episcopal Church and the University Club of Memphis.

32. Airport Officials Prepare For Beijing -

In a few weeks, 10 Memphians will board an airplane for Beijing to represent this city at the Airport Cities Conference and Exhibition.

The event, which has been held in faraway places such as Athens, Greece, and nearby places like Dallas, is expected to draw 500 to 600 airport executives from facilities large and small across the globe.

33. Plough Blvd. Revamp Closer to Fruition -

With $1.6 million in public funding approved by the City Council two months ago, the beautification of Plough Boulevard – the road leading into Memphis International Airport – has reached another milestone.

34. Taking Off -

Aviators attain flight and control the movements of their aircraft by precisely balancing the forces of lift, thrust, drag and gravity. The people piloting the aerotropolis initiative – the promotion of Memphis’ economy focused on the airport, other transportation assets and the connectivity among them – are negotiating their own set of physics in hopes of becoming airborne.

35. Taking Off -

Aviators attain flight and control the movements of their aircraft by precisely balancing the forces of lift, thrust, drag and gravity. The people piloting the aerotropolis initiative – the promotion of Memphis’ economy focused on the airport, other transportation assets and the connectivity among them – are negotiating their own set of physics in hopes of becoming airborne.

36. Aerotropolis Discussion Planned for Chamber Luncheon -

The logistics and distribution industries are closely aligned with commercial real estate, and nowhere is their relationship more apparent than in the realm of an aerotropolis, in which a city’s economy is centered on its airport.

37. Commercial Real Estate Still Dropping, Stanton Says -

Janice Stanton, managing director of investment research for Cushman & Wakefield in New York, discussed the global financial crisis and how it has impacted commercial real estate at Wednesday’s Commercial Property Forecast Summit, at the Germantown Performing Arts Centre and sponsored by the Memphis Area Association of Realtors Commercial Council.

38. Covington Works To Advance Aerotropolis Concept -

During his first three months as vice president of logistics and aerotropolis development for the Memphis Regional Chamber, Jim Covington has developed a pretty good roadmap of his primary job duties.

39. Events -

The Center City Development Corp. Streetscape Selection Committee will meet today at 10:30 a.m. in the Center City Commission conference room at 114 N. Main St. The meeting will include proposal reviews for construction services for the Streetscape Phase II project. For more information, call Jay Goff at 575-0582.

40. Investors Group to Discuss Economic Development - How does the rest of the country view the Memphis real estate market? Larry Jensen, president and CEO of Commercial Advisors LLC, admits it can be a mixed bag, namely because the message Memphians send differs from the one they should be sending.

Jensen, a 30-year real estate veteran, will address that question – and provide a few different views – as guest speaker at the Memphis Investors Group’s monthly meeting Oct. 9 at 7 p.m. at the Germantown Athletic Club, 1801 Exeter Road.

The biggest problem, Jensen noted, is the city’s leaders don’t spend enough time focused on job creation, the biggest economic impact for a metropolitan area. Without that, companies hesitate to invest here.

“We don’t have enough priority in our community thinking about jobs creation – not just attracting new businesses here but making it an attractive place for existing businesses to expand,” Jensen said. “Is our welcome mat out in the community?”

Moreover, he said the city isn’t as “business friendly” as it once was, a huge detriment to attracting new companies or helping existing companies expand.

“I’m not so sure right now that we are (business friendly) as a community,” he said. “I think that’s one of the biggest problems – our reputation in the country.”

Focus on the positives

But the city’s problems aren’t the messages he wants to convey to attendees at next week’s Memphis Investors Group (MIG) meeting. Instead, Jensen wants to focus on the ABCs of the Memphis economy. For Jensen, it’s important for Memphis business leaders, especially real estate professionals, to focus on the fundamentals of the city’s economy.

That starts with the “A” for aerotropolis, the idea of building an economy around Memphis International Airport, a $22 billion engine.

“It’s really putting a bow around what we really have,” Jensen said. “We’re sitting as one of the major, major, major nodes in the rail intermodal (industry) and with the airport. You put those two things together and there are a lot of communities around this country that would be mighty happy and mighty proud of having that in place.”

Beyond that, Jensen touted the city’s other assets. “B” is for biosciences industry, “C” is for its community assets like Shelby Farms Park and “D” is for its diversity. All those factors are keys to making Memphis more attractive to companies looking to expand their operations here, and the city – its governmental, business and cultural leaders – have to be on track with them for Memphis to thrive.

Jensen said he doesn’t want to sound overly Pollyanna, but he noted that to attract more investment in the city, whether it’s in retail, industrial, office or residential real estate, the city’s good points have to be on display.

“If you’re comfortable with a place,” Jensen said, “then you’ll invest your money there.”

Different parameters

Kevin Peck, owner of the local investment firm Kevron Properties and MIG secretary, is comfortable investing his money in Memphis real estate and sees why the city, with its undervalued property values, has drawn interest from outside capital.

“We’re a little bit better off,” Peck said. “Prices have dropped here somewhat, just not cataclysmically as they have in other areas of the country.”

Peck is looking specifically at the residential side of investing, where everyday people from Memphis and from outside are looking to buy city houses on the cheap with hopes of flipping or renting. But with credit so tight these days, even the real estate investment gig is evolving.

“You can’t flip that house anymore because folks can’t get credit to buy (and sell), but if you’ve got credit to buy and hold, then you’re good to go,” said Peck, noting that a large segment of the population was “wiped away” from getting a mortgage because of the fallout. “On the flip side, that (situation) created renters, so if you’re buying and holding for rent, then some things are OK. We buy and hold and rent, and we’re finding that we’re doing OK. You can invest in real estate here and make it have good cash flow.”

Ultimately, Peck said, that’s why city homes will continue to be bought even during this economic and real estate slump.

“You can still buy a property for a good price, and if you’re smart about it, you can make it cash flow and make some money,” he said. “I think that’s why Memphis is attractive to folks.”

In addition to Jensen’s talk, the MIG monthly meeting begins with an “early bird” session at 6 p.m. This month’s topics include “Networking 101," "Getting Started Right in Real Estate" and "Investing in Your Self-Directed IRA.”


41. Commercial Sales See 26% Rise Over Last Year -

Large real estate deals tend to garner recognition with their high-dollar price tags and high-volume portfolios. But it's the untold small- and medium-sized transactions that help keep a market healthy and vital.

42. Former Mud Island Tour Guide Directs Future of Memphis Medical Center -

As a history major at then-Memphis State University in the early 1990s, Beth Flanagan worked as a tour guide at Mud Island River Park. She loved telling visitors about the rich history of the island and of Downtown Memphis.

43. Parkway Picks Commercial Alliance -

Memphis-based Commercial Alliance Management LLC has been tapped to handle all new leases for a Downtown office portfolio that includes the Morgan Keegan Tower, Falls Building and Toyota Center.

Those buildings are owned by Jackson, Miss.-based Parkway Properties Inc., a real estate investment trust (REIT) that had contracted last fall with Trammell Crow Co. to lease the properties.

44. Park Alliance Changes Name, Elects New Board, Restructures -      The Shelby Farms Park Alliance - formerly known as the Friends of Shelby Farms Park - has restructured its organization and elected a new board of directors, spanning the top talent of many local businesses and civic org

45. Commercial Advisors' Jensen Voted Commercial Broker of the Year -

Larry Jensen has received the 2005 Pinnacle Award for Commercial Broker of the Year from the Memphis Area Association of Realtors' Commercial Council. Jensen is president and CEO of Commercial Advisors LLC. He has more than 30 years of experience in real estate.

46. Archived Article: Events - Sunday on South Main begins at 11 a

Sunday in South Main begins at 11 a.m. Sunday in the South Main Arts District. Attendees can peruse shops and galleries and enjoy brunch in restaurants along South Main Street. Visit www.southmainmemphis.org fo...

47. Archived Article: Marketplace - Marketing day in Memphis slated for Oct

Memphis publicists prepare, marketing day is near


The Daily News

Back by popular demand is Marketing Day in Memphis, an educational and networking conference slated for Oct. 23.


48. Archived Article: Crime (lead) - Crime lower, burglary still too high Shelby County crime lower, burglary still high By MARY DANDO The Daily News Memphis crime rate continues to be slightly lower than Nashvilles. Based upon the most recent comparative data, Memphis continues to hav...

49. Archived Article: Real Briefs - Crye-Leike, one of the largest real estate companies in Tennessee and the Mid-South, ranked No Crye-Leike, one of the largest real estate companies in Tennessee and the Mid-South, ranked No. 13 in the nation among the 500 largest residential real es...

50. Archived Article: Calendar - Calendar of events: June 5 11 Calendar of events: May 21-May 27 May 21 Consumer Credit Counseling Service hosts a free money management workshop from 6 p.m. to 7:30 p.m. Monday at the CCCS office, 2158 Union Ave., fourth floor. Participants will lea...

51. Archived Article: Real Briefs - The next Memphis Area Association of Realtors luncheon is 11:45 a The next Memphis Area Association of Realtors luncheon is 11:45 a.m. May 23 at the Memphis Area Home Builders Association, 776 N. Germantown Pkwy. Larry Jensen, chairman of the Memphi...

52. Archived Article: Tech Focus - E-commerce distribution more than just moving boxes E-commerce distribution more than just moving boxes By KATHLEEN BURT The Daily News From Planet.Rx to Toys R Us to Barnes and Noble, companies that want an e-commerce presence have found Memphis an...

53. Archived Article: Real Focus (jensen) - By LARRY JENSEN Technology enhances need for commercial real estate agents By LARRY JENSEN Special to The Daily News Just a few short years ago, I carried my computer with me on family vacation. In the days before affordable laptops, we had rented a...

54. Archived Article: Comm Focus (forum) - By STACEY WIEDOWER Issues forum lets teen voices be heard By STACEY WIEDOWER The Daily News Memphis teens enjoy the benefits of living in a metropolitan community they can go to restaurants, shop in the malls, watch movies in any number of theaters ...

55. Archived Article: Alliance (lead) - By Stacey Wiedower Southaven next site for regional forum By Stacey Wiedower The Daily News A study designed as a "road map" to carry the Memphis region into the future will be discussed at a public forum between 4 p.m. and 6 p.m. Monday a...

56. Archived Article: Memos - Russell Gwatney, Gwatney Cos Russell Gwatney, Gwatney Cos. president, was named chairman of the Memphis Area Chamber of Commerce. Gwatney has served on the board since 1995. Other officers elected to serve in 2000 are: Larry Jensen, chairman-elect; ...

57. Archived Article: Memos - Glean out Memphians from this one Memos Yvette Sebelist and Shay Winebarger have joined the Nashville-based law firm of King & Ballow as associates. Sebelist, who received a bachelors degree from Rhodes College and a law degree from the Universi...

58. Archived Article: Calendar - April 12 April 12 Shelby County Republican Women will meet at 10:45 a.m. at the Adams Mark Hotel. The speaker will be John Ryder, a National Republican Committee member for Tennessee. For more information, call 756-5808. The Quality Center will spon...

59. Archived Article: Comm Focus (chamber) - By STACEY PETSCHAUER Creating connections Memphis Area Chamber of Commerce adopts a resolution encouraging a commitment to building business relationships with minority firms By STACEY PETSCHAUER The Daily News As Memphis moves into a new economic e...

60. Archived Article: Ncc Xmas Baskets Lj - By LAURIE JOHNSON Neighborhood center to distribute 12,000 Christmas baskets By LAURIE JOHNSON The Daily News In keeping with the Christmas spirit of giving, a Memphis neighborhood mission group will distribute 12,000 Christmas gift baskets to needy...

61. Archived Article: Calendar - Sept. 22 Sept. 22 The Commercial Investment Real Estate Institute will offer "Market Analysis for Commercial Investment Real Estate" through Friday from 8:30 a.m. to 5 p.m. each day at 6393 Poplar Ave. The cost is $745 for CCIM candidates ...

62. Archived Article: Calendar - Sept Sept. 15 East Memphis Business and Professional Women will meet at the Lulu Grille, 565 Erin Drive. Networking begins at 6 p.m., and dinner is served at 6:30 p.m. The speaker will be attorney Patrick B. Mason, who will discuss the Tax Relief Ac...

63. Archived Article: Calendar - Sept Sept. 8 The Laurelwood Business and Professional Women will meet at Davis-Kidd Booksellers, 387 Perkins Road Extended from 5:30 p.m. to 8 p.m. For more information, call 685-0495. The Shelby County Republican Womens Club will meet at 11 a.m. at...

64. Archived Article: Calendar - Aug Aug. 25 The Tennessee Society of Certified Public Accountants will sponsor a course titled "Getting the IRS Off Your Clients Back: Installment Agreements, Offers in Compromise, Bankruptcy and Other Strategies" at the Marriott. Registra...

65. Archived Article: Calendar - Aug Aug. 18 East Memphis Business and Professional Women will meet at Lulu Grille, 565 Erin Drive. Networking begins at 6 p.m., and dinner is served at 6:30 p.m. The speaker will be Virginia Griffee, an attorney and publisher of Business Law Focus, ...

66. Archived Article: Saddle Creek Lj - lj 10/5 cates Saddle Creek sections sell for $12.5 million By LAURIE JOHNSON The Daily News Two sections of the Saddle Creek shopping center  Saddle Creek West and Saddle Creek South  changed ownership this week in a transaction totaling a...

67. Archived Article: Dexter Road Lj - lj 10/5 cates Wolfchase area site of two new multifamily projects By LAURIE JOHNSON The Daily News Two apartment communities with a total value of $44 million are now in the beginning stages of construction in the Cordova/Germantown corridor, an are...