Editorial Results (free)
1. Archer-Malmo Grows Again With Lease Expansion
- Friday, February 01, 2013
Archer-malmo has inked an additional 3,000 square feet in the Cotton Exchange Building, bringing its total footprint in the historic 12-story Downtown tower to 41,277 square feet across six floors.
2. BenchMark to Relocate, Restructure
- Friday, January 25, 2013
BenchMark at Southwind Realtors LLC will soon relocate its Southeast Memphis office, add agents, integrate technology into its business practices and go paperless in one fell swoop.
3. FDIC Signs Lease In Lakecrest
- Friday, May 25, 2012
Federal Deposit Insurance Corp. has inked a substantial lease in Lakecrest III, marking the market’s largest office lease signing this year.
4. CK’s Moves Into Jackson as Part of Expansion
- Friday, March 02, 2012
A longtime Memphis diner chain is expanding its presence into the Jackson, Tenn., market.
CK’s Coffee Shop has signed a five-year lease for 1,390 square feet of the existing 4,900-square-foot Old Medina Market Gas Station at 2800 Old Medina Road.
5. Midtown Apts. Sell for $1M
- Thursday, March 01, 2012
Samuel Adefeyisan has purchased the Ashley Manor Apartments – two separate buildings totaling 16 one-bedroom condo units in Midtown – from John P. Waddell and Nancy S. Waddell for $1 million.
6. Bluff City Coffee Inks New Space
- Friday, January 20, 2012
Bluff City Coffee, the coffee and snack shop in Downtown’s South Main Historic Arts District, has recently unveiled some aggressive expansion plans.
The local eatery has leased a 3,000-square-foot kitchen in the Pembroke Building, 119 S. Main St., in the space behind the Center for Southern Folklore.
7. Lofty Heights
- Tuesday, January 10, 2012
The Mid-South apartment market is riding high after a strong 2011.
Last year saw increasing occupancies and rents, as well as a shift from investors and lenders back to more stable properties, all of which followed a 2010 that was dominated by activity involving distressed product.
8. Tubing Maker Doubles Space in Willow Lake
- Friday, December 16, 2011
A Memphis-based tubing supplier is renewing its lease and more than doubling its space in a distressed Hickory Hill industrial park.
Jacob Tubing LP – the U.S. subsidiary of European modular tubing manufacturer Jacob Soehne – has renewed its 10-year lease for 20,232 square feet and expanded into an additional 30,000 square feet at Willow Lake Business Park, 3948 Willow Lake Blvd., in the Southeast industrial submarket.
9. ITT Goulds Signs Lease In Southaven
- Friday, September 23, 2011
A Seneca Falls, N.Y.-based industrial pumping system manufacturer has inked a deal for a distribution center across the parking lot from its current space in Southaven.
ITT Goulds signed a 68,508-square-foot lease in Industrial Development International Inc.’s Stateline Business Park Building C, at 8890 Commerce Drive.
10. Multifamily Comeback
- Tuesday, September 13, 2011
With signs of resurgence in the commercial real estate industry, the multifamily sector looks to bounce back at an impressive clip.
So far this year, Memphis has seen a handful of big-ticket multifamily sales, including Preserve at Forest Creek ($45.5 million), Lynnfield Place ($22.4 million), Legends at Wolfchase ($27.8 million) and Orchards at Collierville ($15.7 million).
11. Substantial Deal Inked By Ontario-Based Manufacturer
- Friday, September 09, 2011
A substantial lease has been signed in a formerly distressed southwest Memphis industrial park that has made leaps and bounds since it was purchased by an out-of-town investor earlier this year.
KIK Custom Products, an Ontario-based manufacturer of national and retail brand consumer products, has signed a lease for 115,000 square feet in the Space Center Industrial Park, 265-353 Titan Drive.
12. Nike Adds 400K Square Feet To Local Portfolio
- Friday, July 29, 2011
The world’s largest maker of athletic gear has signed a lease in Memphis’ Southeast industrial submarket to handle its newly acquired NFL contract.
Nike Inc. inked a 400,000-square-foot warehouse lease in Centerpointe Distribution Center No. 1, 3461 E. Raines Road. Built in 1994, the property, owned by San Francisco-based Prologis Inc., features 38 dock doors and an 11,687-square-foot office space component.
13. Former French Village Apts. Sell for $2.8 Million
- Tuesday, July 12, 2011
4055 Summer Ave.
Memphis, TN 38122
Sale Amount: $2.8 million
Sale Date: June 30, 2011
14. Dollar General Building Store On Jackson In N. Memphis
- Friday, June 10, 2011
Plans for a new Dollar General store in the city’s North submarket are under way. Ware Properties LLC purchased 9,100 square feet of vacant land at 3433 Jackson Ave. from Hector Tejeda in May for $140,000, according to the Shelby County Register of Deeds. The Shelby County Assessor of Property’s 2011 appraisal of the parcel was $109,200.
15. Multifamily Sector ‘Poised for Solid Growth’
- Tuesday, May 24, 2011
Multifamily investment activity in Memphis continues to gain steam as lenders slowly loosen their purse strings.
The positive sales activity is being propelled by the market’s improved performance, low interest rates and additional capital coming off of the sidelines after being quiet for the last few years.
16. FedEx Files $10.8M Permit For Demolition Work
- Tuesday, April 19, 2011
2781 Democrat Road
Memphis, TN 38118
Permit Amount: $10.8 million
Permit Date: Applied April 2011
Contractor: Flintco Inc.
17. Pinnacle Awards Honor City’s Best Brokers
- Monday, April 11, 2011
As emcee Dan Conaway noted in his opening address Thursday night at the 10th annual Pinnacle Awards, “OK is the new great.”
18. Pinnacle Awards Honor City's Best Brokers
- Friday, April 08, 2011
As emcee Dan Conaway noted in his opening address Thursday night at the 10th annual Pinnacle Awards, “OK is the new great.”
19. Changes On Tap For 2011 Pinnacle Awards
- Tuesday, March 15, 2011
After a decade of awarding excellence in the commercial real estate industry, the Memphis Area Association of Realtors’ Commercial Council Pinnacle Awards will celebrate its 10th anniversary by recognizing the industry’s top producers and offering a few surprises as well.
20. Dotzour Outlines CRE Future at MAAR Summit
- Thursday, February 10, 2011
For this year’s version of the commercial real estate industry to differ from 2010, the economy needs one thing – jobs.
That was the message Mark Dotzour, chief economist and director of research for the Real Estate Center at Texas A&M University, told a room full of local brokers, bankers and appraisers at Wednesday’s Commercial Property Forecast Summit, held at the Germantown Performing Arts Centre and sponsored by the Memphis Area Association of Realtors Commercial Council.
21. Summit to Provide Insights for CRE Market
- Tuesday, February 01, 2011
Commercial real estate professionals will soon have the opportunity to gain insight on local and national issues that have an effect on Memphis business.
The eighth annual Commercial Property Forecast Summit, presented by the Memphis Area Association of Realtors Commercial Council, will provide reviews and forecasts of four local commercial real estate sectors.
22. The Venue Awarded for Renovation of the Year
- Monday, January 31, 2011
The Venue apartments, 1387 Central Ave., has received the Renovation of the Year Award from the Apartment Association of Greater Memphis.
23. Highwoods Extends Tenants at Southwind Office Center
- Friday, January 28, 2011
Raleigh, N.C.-based Highwoods Properties Inc. has signed two deals at its Southwind Office Center, a 62,000-square foot, three-story building with views of the Tournament Players Club at Southwind golf course.
24. Apartment Optimism
- Thursday, December 30, 2010
Apartment owners and operators in the Memphis market forecast a bright 2011, boosted by a continued weak homebuying landscape and a lack of new multifamily product coming online within the market.
“2010 was certainly an improvement for the multifamily sector – both in operations and in sales – over 2009, and we expect to see more of the same next year,” said Blake Pera, senior vice president of CB Richard Ellis Memphis’ multifamily division. “Most operators experienced comfortable revenue growth throughout the year, and there is some positive momentum in continued stable occupancy and concession burn-off next year with the lack of new supply hitting the market.”
25. Magnolia Homes to Build New Style in Winstead Farms
- Tuesday, December 14, 2010
Four Lots In Winstead Farms
Loan Amount: $971,250
Loan Date: Dec. 7, 2010
Maturity Date: Dec. 10, 2011
Borrower: Magnolia Homes Inc.
Lender: Regions Bank NA
26. Hunter's Ridge Apts. Sells for $2 Million
- Wednesday, December 08, 2010
WI Memphis LLC has bought the 141-unit Hunter’s Ridge apartment complex from Hunters Ridge Property Holder LLC for $2 million. The complex was built in 1972 and sits on 6.4 acres on the east side of New Allen Road in Raleigh, between Dillard Road to the north and Felton Road to the south.
27. Calif. Investor Buys Midtown Apartments
- Friday, November 12, 2010
A vintage apartment complex in Midtown is under new ownership.
Gabrion Properties LLC closed on approximately 20,000 total square feet of space in Cherokee Arms Apartments for $455,000. The three-story apartment complex, 1508 Madison Ave., contains 30 studio apartments with historic vintage architecture.
28. Galloway Gardens Apartments Sells for $1.1 Million
- Tuesday, September 07, 2010
1565 Galloway Ave.
Memphis, TN 38112
Sale Amount: $1.1 Million
Sale Date: Aug. 27, 2010
Buyer: Galloway Gardens LLC
Seller: Steve Benetti and Virginia Benetti
Loan Amounts: $200,000; $200,000; $916,937 (assumption)
Loan Date: Aug. 27, 2010
Maturity Dates: Aug. 27, 2011 ($200,000); Sept. 15, 2015 ($200,000); Sept. 10, 2013 ($916,937)
Lender: Regions Bank
29. Galloway Gardens Sells for $1.1 Million
- Wednesday, September 01, 2010
A Germantown-based limited liability company, Galloway Gardens LLC, has bought Galloway Gardens Condominiums for $1.1 million. The sellers were Steve Benetti and Virginia Benetti of California, who bought the property in 2004 for $1.7 million.
30. Tricky Market
- Tuesday, April 13, 2010
Because loan defaults are a common occurrence in this difficult financial climate, last week’s news that the 306-unit Preserve at Southwind Apartments had been foreclosed could easily be chalked up to a case of “another one bites the dust.”
31. New York Company Buys 158-Unit Greenview Estates in Raleigh
- Tuesday, January 12, 2010
4650 Hedges Drive
Memphis, TN 38128
Sale Amount: $3 Million
Sale Date: Dec. 17, 2009
Buyer: Greenview Estates LLC
Seller: Greenview Townhomes LLC
Loan Amount: $2.1 million
Loan Date: Dec. 17, 2009
Maturity Date: N/A
Lender: Bloomfield Institutional Opportunity Fund LLC
32. Conwood Acquisition Helps Salvage November Commercial Sales
- Thursday, December 24, 2009
A single, high-dollar transaction helped salvage November’s commercial sales total, accounting for half of the dollar volume last month. Beyond that, the most noteworthy trend to arise from the most recent data was a dearth of activity as Shelby County nears the end of 2009 – the slowest year for commercial transactions in at least two decades.
33. New York Investment Company Buys Shelby Grove Apartments
- Tuesday, November 24, 2009
6320 Gillespie Road
Memphis, TN 38134
Sale Amount: $4.7 Million
Sale Date: Nov. 11, 2009
Buyer: Flynn Realty & Development Shelby Grove LLC
Seller: MAC LP
Details: The 98-unit Shelby Grove Apartments at 6320 Gillespie Road near Bartlett has sold for $4.7 million to Flynn Realty & Development Shelby Grove LLC of Syosset, N.Y.
34. Shelby Grove Apartment Complex Sells for $4.7M
- Monday, November 23, 2009
The 98-unit Shelby Grove Apartments at 6320 Gillespie Road near Bartlett has sold for $4.7 million to an entity called Flynn Realty & Development Shelby Grove LLC, whose address is listed in Syosset, N.Y. The seller was MAC LP, and the sale closed Nov. 11.
35. High-Dollar Deal Boosts Commercial Real Estate
- Tuesday, October 27, 2009
Following what has become a pattern, the local commercial real estate market in September was salvaged by one large deal that offset an otherwise dreary month.
This time it was Resource Real Estate Inc. to the rescue. The Philadelphia-based company bought the Wyndridge Apartments for $9.5 million Sept. 29 and carried the weight for Shelby County’s commercial activity during the month.
36. Airport Authority Files Permit For Parking Garage, Rental Car Facility
- Tuesday, October 20, 2009
2491 Winchester Road
Memphis, TN 38116
Permit Amount: $135 Million
Project Cost: $150 million
Permit Date: Applied October 2009
Owner: Memphis-Shelby County Airport Authority
Tenant: Memphis International Airport
Architect: Walker Parking Consultants
37. Overlook Apartments Sell for $1.5 Million
- Tuesday, October 13, 2009
The 252-unit Overlook Apartments complex at 3085 and 3158 Steele St. in Frayser sold Oct. 1 for a combined $1.5 million to a Chattanooga-based company called UIGTN LLC. The entity bought the property as an REO (real estate owned) asset from LNR Partners Inc. of Florida, which operated in the deal as LBUBS 2001-C3 Steele Street.
38. Dollar General Coming To James Road in Raleigh
- Tuesday, September 29, 2009
3609 James Road
Memphis, TN 38128
Permit Amount: $497,000
Project Cost: $497,000
Permit Date: Applied September 2009
Owner: SW Properties LLC
Tenant: Dollar General Corp.
Contractor: SW Properties LLC
39. ‘Hoops of Fire’ Squelch Commercial Real Estate Activity
- Wednesday, September 23, 2009
The economy hasn’t extinguished commercial real estate deals, but it certainly has changed the way they get done.
Shane McElveen learned about the tedious process of property acquisition when he looked into buying the High Point Funeral Chapel at 3788 Summer Ave. in the Berclair area. McElveen, who had worked at the chapel as senior vice president, was trying to buy the business from owner G. David Keller.
40. Waddells Buy Ashley Manor Condominiums
- Tuesday, September 22, 2009
John and Nancy Waddell have bought the two-building, 16-unit Ashley Manor condominiums at 129 and 137 N. Belvedere St. in Midtown for $1.6 million from Chamberlain, McCreery and Rice GP. The sale closed Sept. 4.
41. Riviana Continues Work On Rice Processing/Distribution Plant
- Tuesday, June 16, 2009
2371 Prospect St.
Memphis, TN 38106
Permit Amount: $3.5 Million
Project Cost: $67 million
Permit Date: Applied June 2009
Owner: Riviana Foods Inc.
Tenant: Riviana Foods Inc.
Contractor: Linkous Construction Co. Inc.
42. Whitehaven Apartments Sell for $900K
- Tuesday, June 09, 2009
The Garden View Apartments at 1127 Whitaker Drive in Whitehaven has sold for $900,000 to a Springfield, Ill., investor called Pope’s Select Properties LLC. Built in 1963, the 92-unit, 64,809-square-foot complex sits on 6.75 acres on the south side of Whitaker, just west of Elvis Presley Boulevard.
43. Multifamily Market Dominated By Foreclosure Sales
- Thursday, May 14, 2009
Apartment complexes can be found throughout Memphis, but lately it seems the center of the multifamily world is on the courthouse steps Downtown.
Foreclosure sales have dominated the industry’s activity in Shelby County of late, with the most lucrative deals occurring as trustees’ deeds after the original owner defaults on a property or as bank sales after the lender reclaims and resells the property.
44. Commercial Real Estate Hangs on for Dear Life
- Friday, March 20, 2009
The pulse of commercial real estate is barely detectable, but the fact that it’s still registering a beat is remarkable considering the trauma it’s suffered over the past year.
From March 2008 through February 2009, commercial sales in Shelby County declined 35 percent compared to the prior 12-month period, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
45. MAAR Commercial Council Elects Skopp President
- Monday, January 05, 2009
The Memphis Area Association of Realtors Commercial Council has elected Irvin Skopp of Belz Realty Co. as the 2009 board of directors’ president and Wyatt Aiken of Commercial Advisors as 2009 president-elect.
46. Commercial Real Estate Sales Bleak in October
- Tuesday, November 25, 2008
Commercial real estate’s downward spiral continued in October, with sales falling by a third compared to the same month a year ago.
Just 64 commercial deals occurred in Shelby County last month, a 33.3 percent decline from 96 in October 2007, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
47. MAAR Forms Group For Young Brokers
- Friday, October 03, 2008
Commercial real estate can be a tough profession at any age, but it’s especially difficult for a young agent breaking into the industry to find his or her footing alongside the established practitioners.
48. CI Class Offered In Light of Tight Times
- Tuesday, July 08, 2008
A tight real estate market demands versatility from its professionals. If brokers who primarily or even exclusively deal with the residential side of the business are able to switch gears and land a commercial deal here or there, they might keep their livelihood afloat.
49. U of M Names Slater Emergency Preparedness Coordinator
- Wednesday, June 18, 2008
Shelby L. Slater has been hired at the University of Memphis as its first emergency preparedness coordinator.
Slater will assess, develop and maintain the university’s crisis management plan, facilitate integration of the Incident Command System into emergency planning activities and evaluate emergency communication needs.
50. Shelby County’s Commercial Sales on Decline
- Friday, May 30, 2008
It took a pair of West Coast companies to give Memphis’ commercial real estate a shot in the arm in April – Tacoma, Wash.-based Gintz Group sold a 172-unit Midtown apartment complex at 1550 North Parkway to Newport Beach, Calif.-based Nationwide Health Properties Inc. for $19.5 million.
51. Steady Sales Volume Good News for Commercial Real Estate
- Friday, February 29, 2008
A handful of high-dollar deals highlighted Shelby County's commercial real estate sales landscape in January, helping 2008 begin on a positive note with a total sales volume of $137.4 million.
Topping the list of commercial sellers for the month was Fair Oak LLC, which sold two multifamily properties for a combined $17.7 million. It marked the top total dollar amount for any one seller during January, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
52. Archived Article
- Tuesday, January 15, 2008
1669 Randolph Place
Memphis, TN 38120
Sale Amount: $13.5 million
Sale Date: Dec. 20, 2007
Buyer: Poplar Place Associates LLC
53. Apartment PortfolioFetches $16.4 million
- Thursday, January 10, 2008
The Poplar Place Townhomes in East Memphis and the Collier Village Apartments in Collierville have sold for a combined $16.4 million to an undisclosed out-of-town investor.
Lea Heilig of
54. Collierville ApartmentsSell for $1.6 Million
- Wednesday, November 28, 2007
Woodyard Realty Corp. has sold the Courtyard Apartments in Collierville to an undisclosed local investor who plans to continue upgrading the apartments.
The 40-unit apartment complex, ne
55. Memphis Multifamily Shines in 2007
- Tuesday, November 20, 2007
This year is almost in the books, but no matter what happens in the next six weeks, 2007 will go down as one of the most intriguing in recent memory for the multifamily industry.
For starters, Fogelman Realty Group LLC fetched a Memphis multifamily record $46 million in October when it sold the Class B, 1,002-unit Watergrove Townhomes to Philadelphia-based BPG Properties Ltd.
56. Austin Pointe SoldTo Las Vegas Investor
- Thursday, October 25, 2007
Woodyard Realty Corp. has sold the Austin Pointe Apartments, a 112-unit apartment community in the Raleigh/Bartlett submarket for $2.7 million, to an undisclosed Las Vegas investor.
57. Woodyard Realty BrokersSale of Raleigh Apartments
- Monday, October 15, 2007
Memphis-based Woodyard Realty Corp. has announced the sale of the 24-unit Raleigh Pines Apartments. The complex sold Oct. 3 for $575,000 to an undisclosed California-based investor.
58. MAAR ConfirmsCommercial Council Officers
- Monday, September 10, 2007
The Memphis Area Association of Realtors (MAAR) Commercial Council last week confirmed that Steve Guinn of Highwoods Properties will serve as 2008 president. The group also elected Irvin Skopp of Belz Realty Co. as 2008
59. Apartment Conversion, New Condo Construction Planned for North Belvedere
- Tuesday, June 26, 2007
Ashley Manor Condo Conversion at
129 and 137 N. Belvedere Blvd.
Sale Amount: $695,000
Sale Date: May 31, 2007
60. Woodyard Realty SellsWeatherstone Apartments
- Monday, June 11, 2007
Woodyard Realty Corp. has announced the sale of the Weatherstone Apartments in Horn Lake along Goodman Road.
Because of disclosure requirements, the price and purchaser are confidential.
61. University Towers ForeclosureEnds With Last-Minute Sale
- Friday, April 27, 2007
The owners of nearly all the units in University Towers Condominiums barely avoided their property's sale at foreclosure by striking an 11th hour deal for its purchase.
62. Wright Takes Helm of Suburban Community Newspapers
- Wednesday, November 22, 2006
Scott A. Wright has been named chairman and CEO of Suburban Community Newspapers Group (SCN), which includes 11 weekly newspapers in the Memphis metro and north Mississippi areas. Some of the papers are The Shelby Sun Times, The Collierville Independent and The East Shelby Review. Wright previously was publisher of 17 Dallas and Ft.Worth-area daily and weekly newspapers in the Star Community Newspapers group.
63. Archived Article: Briefs
- Wednesday, April 09, 2003
Tennessees Web site is relocating to a new home online, after its Web presence was overhauled so citizens can more easily acc
Tennessees Web site is relocating to a new online home, following an overhaul of the states Web presence that gives citi...
64. Archived Article: Memos
- Wednesday, February 26, 2003
Roger Hammons joined First Alliance Bank as vice president in the small business and professional lending division
Roger Hammons joined First Alliance Bank as vice president in the small business and professional lending division. He is a graduat...
65. Archived Article: Welcome Wagon Lj
- Monday, September 15, 1997
By LAURIE JOHNSON Welcome Wagon purchase to increase office, retail space By LAURIE JOHNSON The Daily News The recent sale of the Welcome Wagon building at 145 Court St. will bring about 30,000 square feet of office and retail space online for busin...
66. Archived Article: Real Fcs (maar Exp
- Tuesday, April 01, 1997
lj 10/5 cates MAAR: The next generation Local Realtor association prepares for the future with headquarters, computer system upgrade By LAURIE JOHNSON The Daily News Shortly after the turn of the century, the Memphis Area Association of Realtors was...
67. Archived Article: Back
- Tuesday, March 25, 1997
MAAR sells investment property MAAR sells investment property The Memphis Area Association of Realtors sold 3.79 acres at 1701 International Place Drive in East Memphis for $1.29 million to Highwoods/Tennessee Holdings L.P. last week. Steve Woodyard...
68. Archived Article: Orchards Of C'ville Lj
- Tuesday, March 04, 1997
lj 10/5 cates Collierville apartments sold for $11 million By LAURIE JOHNSON The Daily News A California corporation has purchased a Collierville apartment complex for $11 million its first property to acquire in the Memphis multifamily market. Lead...
69. Archived Article: Prime Prop.
- Tuesday, February 04, 1997
Welcome Wagon building Welcome Wagon building 30 N. Second St. For sale The Welcome Wagon building at 30 N. Second St. is for sale for $495,000, but the owner will consider any offer. The four-story building has 27,000 square feet and is convenient ...
70. Archived Article: Real Briefs
- Tuesday, September 24, 1996
Burnette Enterprises has acquired the Brittany Apartments for $700,000 Burnette Enterprises has acquired the Brittany Apartments for $700,000. The Brittany is a 65-unit apartment complex at 1918 Ezelle, visible from I-240 between Perkins and Getwell...
71. Archived Article: Backfill
- Tuesday, January 16, 1996
01/16 backfill Realtors install 1996 officers, honor members The Memphis Area Association of Realtors awarded its highest honors and ushered in its new board of directors during its annual banquet at the Germantown Performing Arts Centre. MAAR induc...