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Editorial Results (free)

1. Bourland Heflin to Expand, Renovate Poplar Home -

A Memphis law firm is expanding its East Memphis office and improving public areas for clients and visitors.

Bourland Heflin Alvarez Minor & Matthews PLC renewed and expanded its lease in the 5400 Poplar Ave. office building.

2. Cates, Kornegay Look to Future While Honoring Colliers’ Past -

The memory is scorched in Andy Cates’ mind.

It was 2005 and Cates, just 29 years old at the time, was being made a partner at Colliers International Memphis, the commercial real estate firm.

3. Pahlow Wins Broker of the Year -

After enduring early struggles in his commercial real estate career, Scott Pahlow has reached the top of his industry.

Pahlow, an executive vice president with Newmark Grubb Memphis, was named Commercial Broker of the Year Thursday night at the Memphis Area Association of Realtors Commercial Council’s 13th annual Pinnacle Awards gala.

4. Exeter Property Group Acquires Industrial Portfolio -

Exeter Property Group has acquired a 4.4 million-square-foot industrial portfolio – including four properties in Memphis – for $132 million.

Exeter recently acquired the properties located in Memphis, Nashville and Columbus, Ohio, from LNR Property LLC, a special servicer appointed to the portfolio upon its transfer from London-based Strategic Realty Advisors Ltd. in June 2013.

5. FedExForum Area Targeted for Apartments -

Nashville-based Elmington Capital Partners apparently likes the apartment market in Downtown Memphis.

An Elmington-affiliated company plans on building a 64-unit apartment complex at 362 S. Second St., south of FedExForum.

6. LeSaint Logistics Expands Memphis Footprint -

Less than a year after arriving in Memphis, LeSaint Logistics is already expanding its operations here.

LeSaint entered the market in July when it leased an initial 57,285 square feet at 3300 Jet Cove inside Memphis International Airport Center. LeSaint is expanding its footprint by 34,015 square feet, a 60 percent increase.

7. Fresh Market, Whole Foods Seek Approval From Boards -

Two planned high-profile grocery stores will be seeking regulatory approval in the coming weeks.

The Fresh Market is applying for a special-use permit from the Land Use Control Board Dec. 12 to convert the existing Ike’s store on Union Avenue into one of the chains upscale grocery stores.

8. Leases Push Renaissance Center Near Capacity -

The Renaissance Center office building in East Memphis should be near capacity early next year, following a series of recent lease signings.

Financial Federal signed a lease on Tuesday, Nov. 20, to occupy 27,000 square feet on the first and second floors of the Renaissance Center, 1715 Aaron Brenner Drive. In addition to the new location, the growing financial firm will have signage atop the East Memphis office building along Poplar Avenue east of Interstate 240.

9. Olymbec Acquires 13-Building Bellbrook -

Olymbec USA LLC has snatched up two more key Memphis properties, including the 1.8 million-square-foot Bellbrook industrial park.

10. Office Team Helps Colliers Expand Local Footprint -

As a part of the Colliers International office in Memphis’ growth strategy, the brokerage office has been expanding its presence in the office sector over the past year by adding a new office team consisting of Frazier Baker and Will Barden.

11. Colliers Continues Role as Major Commercial Real Estate Player -

Wilkinson & Snowden Inc. helped lead the industrial warehouse revolution in Memphis at a prescient time.

12. Balancing Act -

It’s past time to rethink the old 60/40 notion of investing, say a wide range of Memphis financial professionals, as the ground continues to shift beneath the feet of investors in this low-yield world of investing dominated by unprecedented action from the Federal Reserve.

13. Commercial Practitioners Have Voice With Council -

The Memphis Area Association of Realtors Commercial Council has grown and evolved over the past nine years since its inception, with membership increasing from 150 members in 2004 to more than 350 members this year.

14. Six New Seed Hatchery Teams Chosen -

Six new teams have been lined up for the 2013 Seed Hatchery cohort.

Seed Hatchery is Memphis’ high-growth tech startup accelerator and puts entrepreneurs through a 90-day boot camp, with a crash course in customer discovery, business development, go-to-market strategies and investor pitches. And this year’s cohort marks the third collection of founders to go through the program.

15. Victory Packaging Relocates to Memphis -

Victory Packaging soon will relocate its entire Southaven branch operation to the Southeast Memphis industrial submarket.

The Houston, Texas-based industrial packaging supplier and distributor inked 158,333 square feet in Shelby Air Park Building 1, 4500 Malone Road. The 475,000-square-foot building also houses Terminal Warehouse Inc.

16. Levenger Leases Up EastPark IV -

A Delray Beach, Fla.-based specialty retail company is relocating its Memphis distribution warehouse within the Southeast submarket.

Levenger has inked 96,400 square feet in EastPark Distribution Center IV, 5265 Hickory Hill Road, bringing the 372,800-square-foot building to full occupancy. Levenger also has an operation at 3530 E. Raines Road.

17. I-Bank Grows in Namesake East Memphis Office Tower -

Independent Bank has expanded its headquarters at I-Bank Tower to primarily accommodate its Mortgage Lending Division.

18. Highpoint Church Buys Briarcrest’s East Memphis Campus -

After seven years of leasing space for its worship services, Highpoint Church has acquired Briarcrest Christian School Systems Inc.’s property at 6000 Briarcrest Ave. for $7.25 million.

19. LGSTX Services Expands Local Warehouse -

LGSTX Services Inc. is relocating and expanding its Memphis warehouse operations. The Wilmington, Ohio-based firm, which specializes in aviation support and facility services, has leased 184,680 square feet across two facilities in the Southwide Distribution area at 363 Burma Road and 410 Burma Road.

20. Commercial Council Elects deWitt, Reilly as Top Leaders -

The Memphis Area Association of Realtors Commercial Council announced its 2013 officers and directors Thursday, Aug. 9, at its annual Member Appreciation and Election Party.

Greg deWitt of Grubb & Ellis Memphis will serve as 2013 president. Patrick Reilly of CB Richard Ellis Memphis will serve as vice president.

21. Colliers Trio Nearly Triples Retail Portfolio -

In the past 12 months, Colliers International Memphis’ retail team of Andrew Phillips, Ed Thomas and Laura Frazier has grown its retail portfolio from about 300,000 square feet to nearly 850,000 square feet.

22. Canadian Company Adds To Memphis Portfolio -

A Canadian real estate investment group has purchased a 157,000-square-foot industrial warehouse in South Memphis for $1.5 million, marking the firm’s second Memphis acquisition in 18 months.

Montreal-based Olymbec USA LLC bought the Class C facility at 3615 Lamar Ave. from FUCMS 2001-C2 Lamar Industrial LLC, an entity affiliated with Miami-based loan servicer LNR Partners LLC.

23. Canadian Firm Acquires South Memphis Warehouse for $1.5M -

A Canadian real estate investment group has purchased a 157,000-square-foot industrial warehouse in South Memphis for $1.5 million, marking the firm’s second Memphis acquisition in 18 months.

24. Big-Box Vacancies Prove Hard To Fill -

The closing of big-box stores in recent years belonging to the likes of Borders Group Inc., Circuit City Inc. and others has left suburban shopping centers around the country with lots of space to fill.

25. Dunavant Development Buys Bartlett Logistics Portfolio -

Dunavant Development Co. has reached a deal to buy Bartlett Logistics, a 515,000-square-foot multi-tenant flex portfolio consisting of Bartlett Logistics Park, at 8370-8500 Wolf Lake Blvd., and Stage Hills Industrial Park, 3080-3150 Stage Post Road. Dunavant bought the property from CMLT 2008-LS1 Wolf Lake Drive LLC (LNR Partners).

26. Dunavant Development Buys Bartlett Logistics Portfolio -

Dunavant Development Co. has announced it’s reached a deal to buy Bartlett Logistics, a 515,000-square-foot multi-tenant flex portfolio consisting of Bartlett Logistics Park, at 8370-8500 Wolf Lake Blvd., and Stage Hills Industrial Park, 3080-3150 Stage Post Road.

27. Colliers Duo Has Stellar Start to ’12 -

Colliers International’s industrial team of Andy Cates and Preston Thomas has closed on 34 transactions (sales and leases) to date in 2012. Here’s a rundown of some of the team’s most recent industrial transactions:

28. FDIC Signs Lease In Lakecrest -

Federal Deposit Insurance Corp. has inked a substantial lease in Lakecrest III, marking the market’s largest office lease signing this year.

29. Essex Signs Two Leases For Discount Store Locales -

A Nashville-based discount retailer has entered the Memphis market in full force, inking two leases totaling 77,301 square feet.

Essex Bargain Hunt has leased 35,767 square feet at 590 N. Germantown Parkway and 41,534 square feet at 5124 Summer Ave. Kemp Conrad and Neely Mallory IV of Cushman & Wakefield/Commercial Advisors LLC represented the tenant in both transactions.

30. CRE Activity Stays Strong During 2011 -

Despite hard times, local commercial real estate firms were able to ink plenty of deals in the past 12 months.

Memphis’ industrial leasing activity kicked off in January when Buena Park, Calif.-based Pacific Logistics Corp. signed a 60,000-square-foot lease in ProLogis Park DeSoto for its first Memphis-area location.

31. ‘Get In and Out’ -

In a local commercial real estate market where prices have plunged as much as 40 percent from 2007 peaks, special service companies are taking advantage of opportunities for buying distressed debt.

32. Tubing Maker Doubles Space in Willow Lake -

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.

33. City’s Story Recounted in ‘Memphis 101’ -

A cross-section of native Memphians and Memphians by choice spent the afternoon of Tuesday, Nov. 9, exploring the stories that shaped the city during “Memphis 101,” a free, public event held biannually at the Benjamin L. Hooks Central Library.

34. The Right Fit -

In just over a year, national fitness craze Pure Barre Technique has taken the Memphis market by storm.

The exercise routine that uses a ballet barre to perform small isometric movements set to music began in 2001 in Birmingham, Mich. In July 2009, Pure Barre became a nationwide franchise.

35. Company Buys 11 Acres On Thousand Oaks -

NAI Saig Co. has negotiated a pair of investment sales in recent weeks. Corolla Management Corp. has purchased two sites totaling 10.6 acres on Thousand Oaks Cove from Bank of Bartlett for $925,000.

36. Hacks Cross DQ Site Sells for $865,000 -

Collierville-based Mid South Food Enterprises Inc. has bought the site of a Dairy Queen Grill & Chill fast-food restaurant at 4265 Hacks Cross Road from Olugbenga Faleye and Adeola Faleye for $865,000. The property is in Southeast Shelby County’s 38125 ZIP code.

37. Despite Confusion City Ballot Set -

Three would-be candidates in the Oct. 6 elections for Memphis City Council have filed complaints with the Shelby County and Tennessee Election Commissions.

Andrew Rome Withers, Ambi Phillips and Ian Randolph contend they were unfairly disqualified from the races they wanted to enter because of confusion from the 11th hour passage of new boundaries for the council districts.

38. Driver Services Center Site Sells for $1.6M -

An Omaha, Neb.-based real estate investment firm has acquired a single-tenant office building near Poplar Avenue and the Union Avenue crossover.

Circo Enterprises LLC purchased the 10,180-square-foot Department of Safety & Homeland Security building at 3040 Walnut Grove Road for $1.6 million.

39. TVA Says Power Grid Not Fragile, Despite Storms -

CHATTANOOGA, Tenn. (AP) – As the Tennessee Valley Authority continues to repair storm damage that temporarily knocked out some electricity distribution, the utility insists its transmission system is not fragile.

40. Cable Service Provider Signs New Lease -

A Madison, Tenn.-based cable service provider is taking advantage of lower rates in a competitive leasing environment.

FTS USA has signed a 4,002-square-foot lease in East Pointe Business Center, 3915 S. Mendenhall Road.

41. Cordova’s Parkway Place Hits 100 Pct -

Two recent leases at Parkway Place Office have brought the center to 100 percent occupancy. Guardian Community Living LLC signed a 10,500-square-foot lease in the 70,000-square-foot office annex that is situated in Cordova.

42. Thrifty Real Estate - One area that has seemed to thrive in the recession is discount retailers, including thrift and dollar stores.

Low-cost operators, including nonprofit organizations like Memphis Goodwill Industries, are able to find more affordable property than in previous years. That’s because as market conditions have dropped, so has price per square foot, said Dave Leutwyler, Goodwill executive vice president.

43. Duo Helps Strengthen Colliers’ Retail Face -

After being historically thought of as a driving force in industrial real estate, Colliers International is becoming a rising star in the retail arena.

The retail team of Andrew Phillips and Ed Thomas has been involved in three of the largest retail lease transactions in the last six months with the 45,000-square-foot Habitat for Humanity, 24,000-square-foot Memphis Judo and 14,000-square-foot Jack Wills Co.

44. Opening Doors -

Every commercial real estate submarket in the Memphis area has seen its share of foreclosures – even those with the strongest demographics and continued expansion and development. The assumption might be that foreclosures are occurring in lower income areas where crime and poverty have played a role in a property’s decline. But, in fact, foreclosures have occurred across all submarkets.

45. Pinnacle Awards Honor City’s Best Brokers -

As emcee Dan Conaway noted in his opening address Thursday night at the 10th annual Pinnacle Awards, “OK is the new great.”

46. Pinnacle Awards Honor City's Best Brokers -

As emcee Dan Conaway noted in his opening address Thursday night at the 10th annual Pinnacle Awards, “OK is the new great.”

47. Montreal Investor Pays $7.3M for Memphis Center -

A Canadian real estate investment group has bought a distressed South Memphis industrial park with plans to reabsorb the space and bring it back to life.

Richard Stern, principal with Montreal-based Olymbec purchased the 1.1 million-square-foot Space Center, 3051-3133 Tranquility Drive, for $7.3 million.

48. Canadian Group Buys Distressed South Memphis Industrial Park -

A Canadian real estate investment group has bought a distressed South Memphis industrial park with plans to re-absorb the space and bring it back to life.

Richard Stern, principal with Quebec, Canada-based Olymbec purchased the 1.1 million-square-foot Space Center, 3051-3133 Tranquility Drive, for $7.25 million.

49. Omni Visions Deal Headlines Leasing Activity -

Omni Visions Inc. recently signed a new lease at Kirby Gate Business Campus, 2725 Kirby Parkway, for 3,523 square feet.

50. NYC Court Tosses FCC's Fleeting Expletives Policy -

NEW YORK (AP) — A federal appeals court on Tuesday tossed out a government policy that can lead to broadcasters being fined for allowing even a single curse word on live television, concluding that the rule was unconstitutionally vague and had a chilling effect on broadcasters.

51. Colliers Takes On Tough Project -

A retail portfolio hit hard by the slumping economy has a new temporary owner and a new leasing/management team. Now those entities are charged with repositioning the assets so a buyer can step in and have a better shot at building long-term success.

52. Youth Villages Names Rutschman Director of Communications -

Echelle Lane Rutschman has been named director of communications at Youth Villages. Rutschman joins Youth Villages after 10 years serving as senior communications officer and system director of corporate communications at Baptist Memorial Health Care Corp.

53. Addington Joins Memphis Heart Clinic -

Dr. M. Brent Addington has joined Memphis Heart Clinic. Addington is board certified in internal medicine, cardiovascular disease and interventional cardiology. A native of Memphis, he has been in private practice for more than 20 years in the Memphis community.

54. Newberry Takes Helm of MLGW's Credit Union -

Ken Newberry has been named the president and chief executive officer of LG&W Federal Credit Union, which serves immediate family members, employees and retired employees of Memphis Light, Gas & Water Division. Newberry is the second vice president of the Memphis chapter of the Tennessee Credit Union League and treasurer of the West Tennessee Affiliate of the National Kidney Foundation.

55. 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.

56. Archived Article: Newsmakers - BOMA Inducts 2005 Officers

Gibbons Named to Chair National Committee

Judge Julia Gibbons of Memphis was named by U.S. Supreme Court Chief Justice William H. Rehnquist as chair of the Budget Committee of the Judicial Conference. Gibbons has bee...

57. Archived Article: Real Recap - 4730 Riverdale

Phillips Edison & Co. Buys Gleneagles Court

4730 Riverdale Road

Memphis, TN 38141

Cost: $7.8 million

Buyer: Gleneagles Station LLC, c/o Phillips Edison & Co.

Seller: Monumental Life Insurance Co.

Property:...

58. Archived Article: Daily Digest - International Paper Reports Fourth-Quarter and Full-Year 2003 Earnings

IP Sees 2003 Profit

After 2002 Loss

International Paper has reported 2003 fourth quarter net earnings of $48 million, compared with a net loss of $130 million in fourth ...

59. Archived Article: Real Focus - New ownership, new hopes for outlet mall businesses

New ownership, new hopes for outlet mall retailers

By ANDREW BELL

The Daily News

A major property ownership group that purchased the Belz Factory Outlet Mall for $3.5 million with plans...

60. Archived Article: Memos - Dr. Rosie Phillips Bingham

Dr. Rosie Phillips Bingham was promoted to vice president for student affairs at the University of Memphis. The Memphis native will assume the role May 1. She has been U of M assistant vice president for student affairs...

61. Archived Article: Standout - Risky business

Risky business

By ANDREW BELL

The Daily News

It was her new, or different, way of tackling problems as a social worker that led Pearson Uhlhorn Crutcher into a circle of individuals who make their livings by thinking creat...

62. Archived Article: Silver (lead) - Decades after Tom Phillips, as a child, uncovered a silver wine goblet amidst other discarded items in a neighborhood cleanup

New shop owners want to turn silver into gold

By ANDREW BELL

The Daily News

Decades after youngster Tom Phillip...

63. Archived Article: Memos - Sam Hubbard has joined Financial Federal Savings Bank as vice president in the companys construction lending department Sam Hubbard has joined Financial Federal Savings Bank as vice president in the companys construction lending department. Hubbard ...