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Editorial Results (free)

1. Downtown Focus -

With its own tax incentives, a narrowly focused group of development boards, a variety of neighborhood demographics and development clusters that run the gamut from commercial to residential, Downtown Memphis is a veritable petri dish of economic development.

2. 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.

3. Beyond Square One -

Memphis City Council’s approval for spending $16 million to improve Midtown’s Overton Square marked a milestone for neighborhood supporters, grassroots leaders and financial stakeholders – especially Loeb Properties Inc.

4. Small Banks Failing as Larger Firms Regain Health -

WASHINGTON (AP) – U.S. banks are failing at the fastest rate in two decades.

No, the financial crisis hasn't returned. Wall Street doesn't need another bailout.

But in communities around the country, 143 banks have collapsed so far this year - more than all of last year. This time, the failed banks are smaller, on average, than in 2008 and 2009. The damage to the industry has thus been milder this time. Still, the wave of closings points to the persistent struggles of many communities and states.

5. Lamar Crossing Slated for Auction Block -

More than three years after developers broke ground on Lamar Crossing, the end is finally in sight for the beleaguered apartment complex.

Arvest Bank of Oklahoma, the bank that reclaimed the property when it ran into financial problems, has commissioned Marcus & Millichap Real Estate Investment Services to hold an online auction for the 120-unit property.

6. Wright Medical Buys Arlington Bldg. For Distribution Needs -

11481 Gulf Stream Ave.
Arlington, TN 38002
Sale Amount: $1.6 Million

Sale Date: Oct. 29, 2009
Buyer: Wright Medical Technology Inc.
Seller: Covington Furniture Manufacturing Co.
Details:  Wright Medical Group Inc. has bought a 56,340-square-foot building at 11481 Gulf Stream Ave. near its Arlington campus to increase distribution capacity. Operating in the transaction as Wright Medical Technology Inc., the company paid $1.6 million for the building, which was completed in 1973 and sits on 4.29 acres near the intersection of Tenn. 385 and U.S. 70.

7. Justin's Empire: Timberlake drives business interests where it all began -

Justin Timberlake might be best known for hit records, dance moves and sold-out concerts, but the 28-year-old entertainer extraordinaire is much more than a singer/dancer/performer. The award-winning, chart-topping Timberlake – or, simply, JT – has become an institution, a brand name that transcends his showbiz persona and carries as much cachet as any living celebrity.

8. Local Logistics Industry Embraces Norfolk Southern Expansion -

Although Norfolk Southern Corp.’s planned $129 million intermodal yard won’t be built within the city limits but instead in neighboring Rossville, Memphis’ logistics and distribution industries stand to benefit from the railroad’s decision to expand its local presence.

9. Store Murder Makes Small Businesses, Community Wary -

People who live and work in the community around LeMoyne-Owen College wonder if the person who killed Abdallah Assaedi last month is still in their midst.

The 42-year-old store clerk at Sam’s Food Market died after being shot during a Nov. 21 robbery. Business owners are taking extra precautions.

10. Local Managers Keep Stake In Longleaf Funds -

“When the seas are roughest, a conservative appraisal is our anchor against fear.”

That’s one line from a letter sent to shareholders last month by the Memphis-based managers of the Longleaf Partners family of mutual funds. Its reference to choppy financial waters is an apt metaphor for the group of funds, three of which have taken a beating during the year-to-date period and at times lag the performance of rival funds and the S&P 500 Index.

11. Official Sale Papers Filed For Ridgeway Trace Target -

Sale of land for Target
In Ridgeway Trace
Sale Amount: $14.2 million

Sale Date: Dec. 20, 2007 (signed January 2008)

12. Mo' Mansions -

It's true that a million dollars may not buy what it once did, but in Memphis it still will buy one heck of a home.

Some of that trend is the result of Memphis' and Shelby County's affordably priced housing, said Lew Alvarado, a research associate with the Sparks Bureau of Business and Economic Research at the University of Memphis.

13. Archived Article: Gov - By Andy Meek

Consultants Respond to Pyramid Recommendations

ANDY MEEK

The Daily News

The real estate consultants at Bartram & Cochran have taken on some tricky projects over the years. The national firm has saved historic hospital bu...

14. Archived Article: Lead - By Andy Meek

Hernando Sees Commercial Growth Spurt

Retail, office development follow population upsurge

ANDY MEEK

The Daily News

Hernando, Miss., is fast shedding its image as a quiet bedroom community.

Several new projects are in ...

15. Archived Article: Tic (lead) - Cherry Road Property Receives New Investor

Cherry Road Property Nabs Final Investors

Success paves way for more tenant-in-common development

LANCE ALLAN

The Daily News

In what was termed a final transaction, TIC Properties closed on t...

16. Archived Article: Loeb (lead) - Trinity Commons shopping center changes ownership Trinity Commons changes ownership By SUE PEASE The Daily News Attracted to the tenant mix of Trinity Commons shopping center in Cordova, Loeb Realty purchased the property in a deal worth $14.3 milli...

17. Archived Article: Real Focus (r-up) - Real Estate Focus Year 2000 Roundup Overall, 2000 was a good year for Memphis real estate By MARY DANDO The Daily News What a long, strange year its been. It was a phenomenal year for home sales, according to the Memphis Area Association of Realtors...

18. Archived Article: Real Review Lj - Real Review 8-02-99 By LAURIE JOHNSON The Daily News Trammell Crow Co. broke ground Monday on the first phase of a new office development in southeast Shelby County at Forest Hill Heights. The first phase of the project includes a 75,000-square-foot...