Editorial Results (free)
1. Wenco Files Construction Loan for Volvo of Memphis
- Tuesday, November 19, 2013
7910 Trinity Road
Cordova, TN 38018
Loan Amount: $4.2 million
Loan Date: Nov. 7, 2013
Maturity Date: n/a
Borrower: Wenco Properties LLC
Lender: Wells Fargo Bank NA
Details: Wenco Properties LLC has filed a $4.2 million construction loan through Wells Fargo Bank for the Volvo of Memphis dealership it is building at 7910 Trinity Road in Cordova.
2. Suburban Prospects
- Tuesday, November 12, 2013
Walker Taylor’s business philosophy is a simple one, and it’s helping keep his Germantown-based restaurant a must-visit for diners from around the world.
3. Campbell Clinic Pays $3.2 Million for Surgery Center
- Tuesday, October 22, 2013
255 Dr. Martin Luther King Jr. Memphis, TN 38104
Sale Amount: $3.2 million
4. Former FedEx Headquarters on Airways Sells for $850,000
- Thursday, October 17, 2013
The first corporate headquarters of FedEx Corp. at 2990 Airways Blvd. has sold for $850,000 to an entity related to a Buenos Aires-based commercial real estate firm.
5. Blume Named to Tennessee Real Estate Commission
- Wednesday, October 16, 2013
Gary Blume, a veteran agent with RE/MAX Real Estate Experts, has been appointed by Gov. Bill Haslam to a five-year term on the Tennessee Real Estate Commission. Blume is a past president of the Memphis Area Association of Realtors and has served twice as president of the Tennessee Real Estate Educational Foundation.
6. Shelby County Home Sales Climb 12 Percent in Quarter
- Monday, October 14, 2013
Shelby County’s housing market continued to show signs of improvement in the third quarter, posting double-digit increases in several key areas over the same period last year.
The county netted 4,686 home sales in the third quarter, a 12 percent increase from 4,176 in the third quarter of 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
7. Baptist Begins Construction on $14.1 Million Pediatric ER
- Friday, September 27, 2013
Baptist Memorial Health Care Corp. began construction this week on a new pediatric emergency department at Baptist Memorial Hospital for Women.
8. Market of Riverdale Bend Sells for $6.2 Million
- Tuesday, July 16, 2013
7114-7186 Winchester Road Memphis, TN 38125
Sale Amount: $6.2 million
Sale Date: July 2, 2013
9. ‘Good News’ for Housing in Second Quarter
- Monday, July 15, 2013
Shelby County’s housing rebound continued in the second quarter, with key indicators showing improvement over the same period last year.
Shelby County netted 4,226 home sales in the second quarter, an 11 percent bump from 3,821 in the second quarter of 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
10. LeSaint Logistics Leases Space Near Airport
- Friday, July 12, 2013
LeSaint Logistics LLC is entering the Memphis market, having recently leased 57,285 square feet at 3300 Jet Cove.
11. Kroger-Anchored Center Sells for $14.6 Million
- Tuesday, July 02, 2013
4270 Summer Ave. Memphis, TN 38122
Sale Amount: $14.6 million
Sale Date: June 18, 2013
12. Loeb Enjoying Strong Demand in East Memphis
- Friday, June 28, 2013
Pomp & Poise, a new gift store concept specializing in home and garden items, has signed a new lease at Park Place Center.
Pomp and Poise will occupy 1,400 square feet at the East Memphis retail center at the southwest corner of Park Avenue and Ridgeway Road.
13. Kroger-Anchored Center Sells for $14.6 Million
- Wednesday, June 26, 2013
The Kroger-anchored retail center at 4270 Summer Ave. in Berclair has sold for $14.6 million.
BDB Summer Center LLC, an affiliate of Atlanta-based BDB Realty LLC, bought the 151,958-square-foot center in a June 18 special warranty deed from WNI/Tennessee LP, an affiliate of Houston-based Weingarten Realty Investors.
14. James Lee House Owner Files Construction Loan
- Tuesday, June 18, 2013
690 Adams Ave.
Memphis, TN 38105
Loan Amount: $1 million
Loan Date: June 4, 2013
Maturity Date: June 4, 2019
15. US Home Repossessions Fall in April, RealtyTrac Says
- Friday, May 10, 2013
Fewer U.S. homes entered the foreclosure process or were repossessed by lenders last month, the latest indication that the nation’s foreclosure woes could be waning.
Nationally, home repossessions fell 20 percent in April from the previous month and were down 32 percent from a year earlier, foreclosure listing firm RealtyTrac Inc. said Thursday.
16. Mortgages Near $107 Million in April
- Friday, May 10, 2013
From where he sits, Renaissance Realty’s Jeff Jenkins is optimistic that 2013 will be a fruitful one for the local real estate industry.
17. Foreclosures Drop 17 Percent
- Thursday, April 18, 2013
Regulators and major lenders are still on the hot seat over flawed and sometimes abusive foreclosures that were carried out in recent years.
On Main Street, the ebbs and flows of foreclosure patterns – things like the public notice of a sale and the actual foreclosure transaction – still haven’t returned to a predictable or natural rhythm.
18. Signs of Life
- Saturday, April 13, 2013
Home sales activity picked up in the first quarter of this year across the Mid-South, and brokers believe the market recovery is gaining traction.
Shelby County home sales rose 6 percent during the first quarter, with 3,382 sales from January to March compared to 3,179 during the first quarter of 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
19. Downtown Investment
- Thursday, March 14, 2013
Downtown’s housing market is seeing more sales, less time on the market, lower price points and inventory shortages.
There were 51 home sales year to date through February for Downtown’s 38103 ZIP code, a 104 percent increase from the 25 sales through the first two months of 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
20. Breaking the Mold
- Saturday, February 23, 2013
When Rosemarie Fair was named Broker of the Year in investment sales at last year’s Pinnacle Awards, she became the first woman ever to do so.
Before Fair founded One Source Commercial Inc. in 1993, she worked with Carlisle Corp. in the early 1980s on Beale Street Landing Downtown. She remembers often what her mentor Gene Carlisle taught her – “Somebody will take care of the big stuff, it’s the nickels and dimes that make the difference.”
21. Green Line Marketing Doubles Office
- Friday, February 15, 2013
Green Line Marketing Group has outgrown its East Memphis office space due to its expanded staff and client roster.
The boutique agency has signed a 2,000-square-foot lease in Racquet Club Plaza, where it will relocate from its three 350-square-foot executive suites in Clark Tower by the end of the month.
22. 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.
23. Shelby County Home Sales Up 19 Percent in 2012
- Monday, January 14, 2013
Shelby County had the most home sales recorded in 2012 since 2008 when the housing market started drastically declining.
There were 14,946 home sales last year, up 19 percent from 12,600 unit sales during 2011, according to real estate information company Chandler Reports, www.chandlerreports.com. And industry professionals say the outlook for 2013 is continued modest improvement.
24. First National Expanding Into Memphis-Area Walmart Stores
- Monday, December 31, 2012
The New Year marks a major milestone for First National Realty Inc., as the Memphis-based residential real estate brokerage firm has plans to expand branch offices into 13 Walmart Supercenters in the Memphis metro area.
25. Delta Blues Winery LLC Buys 15 Acres in Lakeland
- Tuesday, December 18, 2012
6495 Stewart Road Lakeland, TN 38002
Sale Amount: $165,000
Sale Date: Dec. 10, 2012
26. Levenger Leases Up EastPark IV
- Friday, December 14, 2012
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.
27. MED Buys East Memphis Land for $3.4 Million
- Tuesday, December 04, 2012
6525 Quince Road Memphis, TN 38119
Sale Amount: $3.4 million
Sale Date: Nov. 16, 2012
28. October Home Sales Rise 36 Percent
- Tuesday, November 13, 2012
The Shelby County housing market continues to improve with 1,407 home sales recorded in October, up 36 percent from the 1,034 sales tallied in October 2011.
And year-to-date home sales activity is up 18 percent, with 12,585 sales recorded through October, according to real estate information company Chandler Reports, www.chandlerreports.com.
29. Schmitt’s Career Fueled By Outside-the-Box Thinking
- Monday, October 29, 2012
Jill Schmitt used to envision herself searching for relics of ancient world cultures but instead found her niche helping businesses find new digs.
30. J.D. Byrider Brings First Franchise To Memphis
- Friday, October 26, 2012
The nation’s largest used car franchise company has entered the Memphis market. Carmel, Ind.-based J.D. Byrider has inked 30,900 square feet at 2580 Mount Moriah Road, marking the company’s second Tennessee dealership.
31. Nashville Company Buys Wolf River Medical Building for $11 Million
- Tuesday, October 16, 2012
8040 Wolf River Blvd.
Germantown, TN 38138
Sale Amount: $11 million
Sale Date: Oct. 9, 2012
Buyer: HRT of Tennessee Inc.
Seller: Bayrock Investment Co. LLC
Details: HRT of Tennessee Inc., an affiliate of Nashville-based Healthcare Realty Trust Inc., has paid slightly less than $11 million for the medical office building at 8040 Wolf River Blvd. in Germantown.
32. Homes Sales Jump 17 Percent
- Monday, October 15, 2012
Shelby County home sales in the third quarter increased 17 percent compared to the third quarter last year, and local professionals say there’s a feeling of optimism among buyers and those in the business.
33. Wolf River Medical Building Sells for $11 Million
- Friday, October 12, 2012
HRT of Tennessee Inc., an affiliate of Nashville-based Healthcare Realty Trust Inc., has paid slightly less than $11 million for the medical office building at 8040 Wolf River Blvd. in Germantown.
34. Midtown Utopia
- Monday, September 24, 2012
Of Memphis’ tales of humble beginnings, of which there are many, the fluctuating renaissance of the Cooper-Young neighborhood is certainly compelling throughout.
The area has cycled from its 19th century roots to 1970s crime and neglect to its present-day status as one of the largest historic districts in the Southeast, a magnet of all ages and walks of life. All thanks to individuals and organizations that wouldn’t settle for sub-par quality in their tiny town within the bustling Bluff City.
35. Snyder’s-Lance Signs Deal In Southaven
- Friday, September 21, 2012
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.
36. August Home Sales up 21 Percent
- Tuesday, September 11, 2012
Home sales in August were up 21 percent year over year, representing the eighth consecutive monthly increase from 2011.
Shelby County saw 1,487 home sales last month compared to the 1,228 homes sold in August 2011, according to real estate information company Chandler Reports, www.chandlerreports.com.
37. Invacare Inks Lease in SE Memphis
- Friday, August 17, 2012
Invacare Continuing Care Inc. has inked a 3,500-square-foot lease at 4187 Senator St. in Southeast Memphis.
38. Raines Road Warehouse Sells for $2.3 Million
- Tuesday, August 14, 2012
4049 E. Raines Road
Memphis, TN 38118
Sale Amount: $2.3 million
Sale Date: Aug. 3, 2012
39. Hickory Hill Warehouse Sells for $1.3 Million
- Tuesday, July 17, 2012
5837 Distribution Drive
Memphis, TN 38141
Sale Amount: $1.3 million
Sale Date: July 11, 2012
40. Hickory Hill Warehouse Sells for $1.3 Million
- Monday, July 16, 2012
Memphis-based CLI Inc. has bought the 102,570-square-foot warehouse at 5837 Distribution Drive in Hickory Hill for $1.3 million from Tenoh LLC. The sale closed July 11.
41. Pair of Nursing Homes Financed for $22 Million
- Friday, June 15, 2012
Quince Property Co. LLC has filed a $12 million loan through Lancaster Pollard Mortgage Co. for a Quince Road nursing home, while related entity Allenbrooke Property Co. LLC filed a $10 million loan through Lancaster Pollard for an Allenbrooke Cove nursing home. The New York-based entities bought the pair of properties last year for a combined $17 million, financing them at the time for $17 million.
42. Evans Joins MERI As Finance Director
- Wednesday, June 13, 2012
Devonya Evans has joined the Medical Education & Research Institute as director of finance. Evans, a licensed certified public accountant, will be responsible for heading MERI’s finance and information technology departments.
43. Singer Continues Path Down Real Estate Journey
- Monday, June 11, 2012
Mary Singer started her commercial real estate career out of necessity, managing and leasing multifamily units.
44. Home Browsers
- Monday, June 04, 2012
Amid the fast-pace world of the real estate business, having technology on your side is not only beneficial, but often necessary.
Due to the rising popularity of smartphones, real estate apps and the Web, homebuyers are doing their homework on neighborhoods, schools, amenities and crime well before they pick up the phone and seek professional advice.
45. Forum Addresses Latest HUD, Real Estate Trends
- Monday, May 07, 2012
People who receive housing counseling before they borrow are much less likely to default. Research shows that 75 percent of at-risk homeowners who meet with U.S. Department of Housing and Urban Development housing counselors and attend loss mitigation programs won’t be foreclosed.
46. Pera, Lightman, Rainer V Take Top Pinnacle Awards
- Thursday, April 26, 2012
The Memphis Area Association of Realtors Commercial Council honored the top performers in commercial real estate for 2011 at the 11th annual Pinnacle Awards gala, held Tuesday, April 24, at the Holiday Inn University of Memphis.
47. Chandler Event To Highlight Q1 Housing
- Wednesday, April 25, 2012
Shelby County home sales increased 20 percent from January to March compared to last year, but that number requires some reading between the lines.
That’s why real estate information company Chandler Reports is hosting its “Master Your Market: First Quarter Update” event for local agents, appraisers, builders, investors and bankers Thursday, May 3.
48. Performance Of Memphis Public Cos. Varies Widely
- Monday, April 16, 2012
Memphis is home to several publicly traded companies that have made an indelible mark on industries ranging from transportation to finance and manufacturing.
Here’s a snapshot of how those companies are faring at the moment. (For a detailed look at AutoZone, see related story, "The Fast Lane.")
49. Thorpe Products Inks New Deal On Democrat
- Friday, April 06, 2012
Thorpe Products Co. is relocating its Memphis branch location to a site with higher ceiling heights and better proximity to its clients.
50. Cherokee Arms Undergoes Rehab
- Tuesday, March 27, 2012
It wasn’t long ago that the Cherokee Arms Apartments complex in Midtown was on the market with a note of “in need of repair.”
But thanks to Memphis native and current Los Angeles resident Dana Gabrion, the three-story complex will soon breathe new life to 1508 Madison Ave. Under the entity Gabrion Properties LLC, she acquired the 30-unit, Class C investment-grade multifamily building for $455,000 in fall 2010 and hopes to have it ready for occupancy come June.
51. Haney Signs Realty Publishing Deal
- Monday, March 26, 2012
Kendall Haney of Keller Williams Realty | Kendall Haney Group has signed a publishing deal to contribute to the book “The New Rise in Real Estate: The Nation’s Trusted Real Estate Advisors Reveal Their Top Secrets for Buying and Selling Homes in the New Real Estate Economy.”
52. Hayes Survives, Thrives Even in Housing Slump
- Monday, March 19, 2012
As a child, Michelle Hayes dreamed of owning her own hotel. Instead of going toe to toe with Hilton and Marriott, however, the Whitehaven native and LeMoyne-Owen College graduate instead entered into the world of real estate in 1998.
53. HomeGoods Preps for Memphis Store
- Wednesday, March 14, 2012
Plans are under way for home décor retailer HomeGoods to enter the Memphis market in Cordova.
Metro Construction Inc. has filed a $950,000 building permit application with the city-county Office of Construction Code Enforcement for interior renovation of a former Samuels Furniture and Interiors at The Commons at Dexter Lake, 1615 N. Germantown Parkway, according to The Daily News Online, www.memphisdailynews.com.
54. Housing Market Slowly Improving
- Wednesday, March 14, 2012
Memphis last month was named as one of 29 metropolitan areas to be included on the National Association of Home Builders/First American Improving Markets Index, which is now nearing 100 cities.
The index identifies metro areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at least six consecutive months. Other notable new entrants to the list in February were Miami; Boston; Detroit; Kansas City, Mo.; Portland, Ore.; and Salt Lake City.
55. Housing Increase Marred by Bank Sales
- Wednesday, March 07, 2012
Local home sales posted a 36 percent increase in February, but many of those sales were executed by banks and investors.
Shelby County saw 997 home sales last month, compared to February 2011’s 735 sales, according to real estate information company Chandler Reports, www.chandlerreports.com.
56. ‘Washington Courtyard’ Sells For $900K
- Friday, February 24, 2012
A trio of office buildings at Washington Avenue and Danny Thomas Boulevard has traded hands for $900,000.
Investment group 301 WA LTD LLC of Arizona purchased the assets from Gregory Realty GP. Brian Califf of NAI Saig Co. represented the seller.
57. Gastro Group Opens Office In Senatobia
- Friday, February 17, 2012
Utley Properties has closed on a flurry of deals in its Northwest Plaza Shopping Center in Senatobia in recent weeks.
Dr. Ulric Duncan of Delta Gastroenterology PC has leased 1,200 square feet of space at 113 Northwest Drive for two years.
58. Home Sales See 8 Pct. Increase
- Wednesday, February 08, 2012
January home sales posted an 8 percent increase compared to the same month a year ago as average pricing remained flat, due in large part to the market’s abundance of foreclosures.
Shelby County saw 923 home sales last month, compared to 855 in January 2011 and 880 in December, according to real estate information company Chandler Reports, www.chandlerreports.com.
59. Elite Electric Relocates to Hickory Withe
- Friday, February 03, 2012
A local electrical designer is relocating its operations from Collierville to Hickory Withe.
Elite Electric & Lighting Inc. has purchased 5,000 square feet of the former John Deere Landscapes facility at 2875 U.S. 64 from K&L Highway 64 Investments LLC for $425,000.
60. Crye-Leike Team Rebrands as 'Your Key to Memphis'
- Wednesday, February 01, 2012
Melissa Hayes Thompson has branded her realty team as “Your Key to Memphis” – a boutique branch of buyer/seller specialists within Crye-Leike Realtors Inc.
61. 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.
62. Trane Signs Lease on Tradeport Drive
- Friday, January 06, 2012
Trane U.S. Inc. has finalized its 625,000-square-foot industrial lease in Southeast Memphis after the deal process initially began in January 2011.
63. 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.
64. Commitment, Teamwork Help Whitaker Realty Thrive
- Monday, November 28, 2011
Though the last four years of the recession-afflicted economy have been a dark cloud of pessimism in the real estate world, Whitaker Realty LLC owner Mark Whitaker has weathered the storm and found success by carefully choosing his clients and providing careful oversight on expenditures.
65. Trinity Ridge Business Ctr. Sells for $7.6 Million
- Tuesday, November 15, 2011
7730 Trinity Road, 7740 Trinity Road, 7750 Trinity Road, 7760 Trinity Road and 7866 Trinity Road
Cordova, TN 38018
Sale Amount: $7.6 million
66. Union Holiday Deli & Ham Adds Drive-Thru, Parking
- Friday, November 11, 2011
Holiday Deli & Ham Co. is in the midst of adding parking and a drive-thru to its high-volume Midtown store.
67. Nissan North America Renews Lease In SE Shelby
- Friday, October 28, 2011
Nissan North America Inc. has renewed its 413,000-square-foot lease in Southeast Shelby County.
68. Preserve at Southwind Apts. Sell for $22.2 Million
- Tuesday, October 25, 2011
7991 Capilano Drive
Memphis, TN 38125
Sale Amount: $22.2 million
Sale Date: Oct. 12, 2011
69. Lender Buys Willow Lake for $26M
- Monday, October 17, 2011
Willow Lake Business Park and Corporate Park in Hickory Hill sold back to the lender for $26 million Friday, Oct. 14, on the Shelby County Courthouse steps following a foreclosure.
A single-purpose entity named 198-6 Memphis Industrial Portfolio Holdings LLC, which is related to U.S. Bank NA, bought the property from substitute trustee R. Spencer Clift III of Baker, Donelson, Bearman, Caldwell & Berkowitz PC.
70. Two Tenants Join Ridgeway Center
- Monday, October 10, 2011
Boyle Investment Co. has inked a pair of new office leases at 999 S. Shady Grove Road in Ridgeway Center, building on its longevity with two local companies.
71. Housing Market Inches Upward in Q3
- Monday, October 10, 2011
Local home sales saw an uptick during the third quarter, and local professionals say it’s due to the sluggish market conditions yielding incentives for buyers.
Shelby County registered 3,568 home sales in the third quarter (July 1 to Sept. 30), a 7 percent increase from Q3 2010, which totaled 3,332, according to real estate information company Chandler Reports, www.chandlerreports.com.
72. Boyle Adds 2 Tenants to Ridgeway Center
- Friday, October 07, 2011
Boyle Investment Co. has inked a pair of new office leases at 999 S. Shady Grove Road in Ridgeway Center, building on its longevity with two local companies.
73. 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).
74. JLS Enterprises Buys SE Market Warehouse
- Friday, September 02, 2011
A 51,000-square-foot industrial building in the Southeast submarket has traded hands. JLS Enterprises LLC purchased 4021 Delp St. in Airport Industrial Park for $850,000. The warehouse currently houses Coca-Cola Enterprises Inc. and is 100 percent occupied.
75. Front Street Property For Sale After Foreclosure
- Tuesday, August 30, 2011
A first-run foreclosure notice on a multimillion-dollar property on South Front Street in Downtown Memphis appears in the Tuesday, Aug. 30, issue of The Daily News and also at The Daily News Online, www.memphisdailynews.com.
76. Outer County Homes Appeal to Variety Of Buyers
- Monday, August 22, 2011
For the past decade or so, many homebuyers have settled outside the Shelby County limits, flocking to outlying counties such as DeSoto, Tipton and Fayette.
Driving factors run the gamut from better schools to lower taxes to rural appeal. Lisa Farmer, agent with RE/MAX On Track who specializes in DeSoto County, said it all comes down to a matter of preference.
77. Three States Supply Inks Lease in SE Submarket
- Friday, August 12, 2011
A heating and air-conditioning firm is consolidating offices within the Southeast industrial submarket – where it currently has one office.
Three States Supply Co. LLC has inked a 47,000-square-foot lease at 4290 Delp St.
78. John Green & Co. Finds Success In Community Involvement
- Monday, August 08, 2011
Scattered throughout various front yards in the Collierville area are small green signs that read “John Green & Co. Realtors, On the Historic Town Square.”
79. On the Right Path
- Monday, August 08, 2011
Greenlines, greenbelts and greenways are already under way and are expected to grow and converge across the city in the years to come.
And while property owners should see increasing values as the Shelby Farms Greenline and other green assets become community fixtures and expand throughout the area, so far the depressed housing market is keeping all property values – no matter their location – in check.
80. 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
81. Housing Market Plunges 16 Pct. in Q2
- Monday, July 11, 2011
Residential sales during the second quarter of 2011 proved to be an improvement from the previous quarter but still shy of totals during the same period last year.
Shelby County saw just 3,453 new and existing home sales in the second quarter (April 1 to June 30), a 16 percent drop from Q2 2010, which totaled 4,099, according to real estate information company Chandler Reports, www.chandlerreports.com.
82. Trinity Place Sells For Third Time In Five Years
- Friday, July 08, 2011
A Cordova retail center is under new ownership for the third time in five years. Atlanta-based Altus Real Estate Advisors LLC has purchased Trinity Place, 7990 Trinity Road, for $2.8 million.
83. Open Houses Create Leads, Networking Opportunities
- Monday, July 04, 2011
The return on investment of open houses has long been a debated topic among residential real estate agents.
Some seasoned professionals with a large referral base and repeat clientele opt out, while others are avid believers.
84. Driver Services Center Site Sells for $1.6M
- Friday, July 01, 2011
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.
85. Housing Gap
- Monday, June 20, 2011
The push for home ownership has been a fundamental element of the American Dream since the 1960s.
And because a home is typically a person’s most valuable asset, research indicates home ownership stabilizes neighborhoods while also contributing positively to the overall economy. Leading this promotional effort is the National Association of Realtors, which regularly links a healthy housing market to job creation.
86. Foreclosure Notice Rerun for Willow Lake Park
- Friday, June 10, 2011
The planned foreclosure sale of the 17-building, mixed-use Willow Lake Business Park and Corporate Park in Hickory Hill has a new date: July 8, according to a first-run foreclosure notice in today’s Memphis Daily News and online at www.memphisdailynews.com.
87. 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.
88. May Home Sales Drop 13 Percent
- Tuesday, June 07, 2011
While May is traditionally thought of as the kickoff to homebuying season, last month’s sales total was down 13 percent from May 2010, proof that the depressed housing market has a way to go before full recovery.
89. Cordova’s Parkway Place Hits 100 Pct
- Friday, May 27, 2011
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.
90. Ambulance Co. Signs New Lease, Ups Space
- Friday, May 20, 2011
A Nashville-based health care company is expanding its Memphis presence. First Call Ambulance Services LLC has signed a three-year, 13,500-square-foot lease at 5155 Wilfong Road, more than doubling its existing space on Federal Avenue.
91. Fayette, Tipton Home Sales See Big Drops
- Wednesday, May 11, 2011
April home sales in Fayette and Tipton counties – down 20 and 38 percent, respectively, from April 2010 – have local agents hanging in there and hoping for the best.
Fayette County saw 44 home sales last month, compared to 55 in April 2010, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com. Last month’s total, however, was down 22.8 percent from March’s 57 sales.
92. Sanderlin Nursing Home Financed for $4.8M
- Tuesday, May 10, 2011
5070 Sanderlin Ave.
Memphis, TN 38117
Loan Amount: $4.8 million
Loan Date: May 1, 2011
Maturity Date: June 1, 2036
Borrower: Bright Glade Long Term Facility Inc.
Lender: Lancaster Pollard Mortgage Co.
93. MBIN Signs New Lease At Bellbrook Park
- Friday, April 22, 2011
A Memphis-based wholesaler of collectable items has signed a new industrial lease in the Southwest submarket.
MBIN Global Inc. has signed a new lease for 26,250 square feet at Bellbrook Industrial Park, 1004 Brooks Road.
94. Black Equip. Supply Grows Memphis Presence
- Friday, April 08, 2011
Black Equipment Supply is relocating its Memphis presence to a space that nearly doubles the size of the firm’s former location.
The company will vacate its 14,000-square-foot space off Cherry Road and has signed a 25,372-square-foot lease at Shelby Air Park, 4570 Shelby Air Drive, suite 8.
95. Market Factors Give Caution to Younger Homebuyers
- Monday, March 21, 2011
When Jonathan Lyons, 25, went looking to buy a home, he planned each step carefully – he found a good job, enlisted the help of a Realtor, educated himself on the various costs, and got pre-approval from a bank.
96. WPG Americas Signs Lease in Southaven
- Friday, March 18, 2011
A San Jose, Calif.-based worldwide electronics distributor is entering the Memphis area with full force.
WPG Americas Inc. has signed a 54,000-square-foot lease at Airways Distribution Center, 481 Industrial Drive, in Southaven. The project – a relocation of the WPG America’s New York facility – represents a $1.5 million investment by the company and will create 60 jobs over the next three years.
97. Home Sales Stumble in Fayette, Tipton Counties
- Tuesday, March 08, 2011
February home sales declined in Fayette and Tipton counties – 26.7 and 7.9 percent, respectively, from the same month a year ago – but local agents are hoping an uptick in online shoppers will translate into more activity in the months ahead.
98. Electrolux Officials Sign Downtown Office Lease
- Friday, March 04, 2011
Before it builds a new manufacturing plant at Frank C. Pidgeon Industrial Park, Electrolux will set up shop in Memphis with a Downtown office.
The Swedish appliance maker has signed a 14,000-square-foot lease at One Commerce Square, 40 S. Main St., where it will occupy the building’s entire 24th floor.
99. Business Park Slated for Auction Block
- Tuesday, February 15, 2011
In the past five years, real estate foreclosures have run the gamut from hospitality to retail to multifamily to high-end residential to industrial.
As the commercial market in particular continues to be plagued with record-high vacancies and downward pressure on rental rates, investors are feeling the brunt of the crisis.
100. Keller Williams Realty to Launch Business Platform
- Wednesday, February 09, 2011
Keller Williams Realty Inc. is set to launch eEdge – the real estate industry’s first complete lead-to-close business solution for every agent in the company.