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Editorial Results (free)

1. Lakecrest II Sells for $4.6 Million -

The Lakecrest II office building in East Memphis has changed hands again.

Southland Primacy LLC acquired the 129,104-square-foot office building at 6055 Primacy Parkway from Jefferson-Pilot Investments Inc. Feb. 28 for $4.6 million.

2. 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.

3. Stratton to Serve On National Real Estate Board -

Henry Stratton, vice president of brokerage services for Colliers International Memphis, has been elected to a three-year term on the national board of directors of the CCIM Institute, a commercial real estate organization with over 15,000 designees worldwide.

4. Stratton to Serve on National Real Estate Board -

Henry Stratton, vice president of brokerage services for Colliers International Memphis, has been elected to a three-year term on the national board of directors of the CCIM Institute, a commercial real estate organization with over 15,000 designees worldwide.

5. 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.

6. These are Taxing Times -

I find it very curious that the fiscal cliff was not a topic of any of the presidential debates of 2012. It was not mentioned by the candidates or the moderators. Yet within a week of the election results, it seems as though everyone has heard of the looming fiscal cliff and the black hole that lies beneath it. Ignorance may be bliss, but the unknown can be downright scary. Right now, most of us are staring into the black hole and wondering how this country will address the growing national deficit and in particular, how inevitable changes in tax policy and accounting rules will affect us in 2013 and beyond.

7. Gen X Inks State’s First Location on Austin Peay -

A trendy Vernon, Calif.-based retailer has inked its first Tennessee location in Austin Peay Plaza.

Gen X Clothing Inc. signed a 35,000-square-foot lease at 3252 Austin Peay Highway. The space was formerly occupied by Big Lots.

8. 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.

9. Lease Takes Appling Farms to Capacity -

A distributorship of Pella Corp. has inked 11,300 square feet in Appling Farms Corporate Park, 6972 Appling Farms Parkway.

10. Snyder’s-Lance Signs Deal In Southaven -

A well-known snack food company has boosted its distribution presence in the Memphis area.

Snyder’s-Lance Inc. signed a 26,757-square-foot lease at Airways Distribution Center Building F, 8425 Airways Blvd., in Southaven.

11. Dot-Com Moves Distribution To Memphis -

Wilsonville, Ore.-based LinenTablecloth.com has entered the Memphis industrial market, leasing 82,500 square feet at 3046 Datsun Drive for its new distribution center.

12. History for Sale -

Three historic properties in the Midtown and Downtown areas are on the market, all listed with major Memphis commercial real estate firms.

The most recent listing is the Hunt-Phelan house at 533 Beale St., priced at $2.9 million with Henry Stratton and Andy Cates of Colliers International Memphis. The mansion has hosted guests including Ulysses S. Grant, Jefferson Davis, Andrew Jackson and Andrew Johnson.

13. Hunt-Phelan Listed With Colliers for $2.9M -

Downtown’s Hunt-Phelan house – a historic mansion at 533 Beale St. that hosted guests including Ulysses S. Grant, Jefferson Davis, Andrew Jackson and Andrew Johnson – has been listed on the market for $2.865 million with the Memphis office of Colliers International.

14. Office Market Outlook Tied to Small Biz Expansion -

Companies seeking larger blocks of office space are staying on the sidelines for the most part so far this year because of diminishing inventory in the area’s hottest submarkets of East Memphis, the Tenn. 385 corridor and Downtown.

15. Green Shoots -

As the local commercial real estate market approaches the end of 2011, experts say it appears to be in line with national fundamentals for secondary and tertiary markets.

Shelby County commercial sales in the third quarter were the highest sales volume since Q3 2007, with $259 million, according to real estate information company Chandler Reports, www.chandlerreports.com.

16. Preparing for New ‘Bottom Line’ on Leases -

Part two of a two-part column. In part one of this two-part column, I shared with you that the Financial Accounting Standards Board (FASB) is in the processing of revising guidelines related to the accounting of leases, effectively eliminating the concept of an off-balance sheet operating lease. While the new guidelines aren’t yet finalized, these changes are likely to impact – in some way – almost any business that currently has operating leases. In this second part of the column, I’ll talk more about the potential impact and how to prepare for it.

17. New “Bottom Line” on Lease Accounting -

Part one of a two-part series. Does your company lease space or equipment for its operations? If so, and you aren’t already familiar with planned changes in the accounting treatment of leases, then you should take the time to read this column.

18. Ike’s Plans Expansion to Collierville -

A 10,000-square-foot Ike’s drugstore is coming to West Poplar Avenue in Collierville now that the Arkansas-based company that owns and operates the chain has bought the land and announced plans to begin building after the start of the new year.

19. Shanker Named Partner At Wyatt, Tarrant & Combs -

Jill Uiberall Shanker has become a partner at Wyatt, Tarrant & Combs LLP. Shanker is a member of Wyatt’s Corporate and Securities Team.

20. MAAR Commercial Council Elects Skopp President -

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.

21. Ain't No 'Chikins' -

The fast-food chain planning to tear down a church administrative building along Union Avenue to free up space for a new restaurant has sparked an unusual response from historic preservationists.

Rather than wage a pitched battle to keep the development at bay, many of those activists admit their fondness for Chick-fil-A, the restaurant that's coming. They even manage to work that fondness for the company's signature chicken entrees into their often sharply worded exchanges about the company's demolition plans for the property.

22. Archived Article: Real Briefs - Crye-Leike Realtors

Crye-Leike Realtors concluded its 2002 United Way Workplace Campaign by raising a total of $60,739 to support United Way agencies in 32 counties in Tennessee, Arkansas, Mississippi and Georgia.

Since becoming a partner with...

23. Archived Article: Studio (lead) - Cooper Young recording studio slated Studio sounds good to Cooper-Young By MARY DANDO The Daily News Plans to allow a recording studio to replace a gym in the Cooper-Young neighborhood are moving forward now that the project obtained a use variance ...

24. Archived Article: Standout - By JENNIFER MURLEY Developing a dream By JENNIFER MURLEY The Daily News During the past few decades, Downtown Memphis, with its dilapidated warehouses and outdated buildings, has been architect and developer Tony Bolognas playground. East Memphis wa...