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Editorial Results (free)

1. Gestalt Schools Signs Lease in Hickory Hill -

A charter school operator has inked a lease for space on Winchester Road in Hickory Hill.

Gestalt Community Schools has leased 57,000 square feet of space at 5360 Winchester Road inside the Mendenhall Square shopping center.

2. Olymbec Buys Another Memphis Industrial Property -

Canadian real estate company Olymbec USA LLC has invested again in Memphis, paying $4 million for the warehouse at 4219 Air Trans Road in Oakhaven.

3. Oakhaven Warehouse Sells for $1.2 Million -

4300 Air Trans Road
Memphis, TN 38118
Sale Amount: $1.2 million

Sale Date: Dec. 17, 2013
Buyer: Chob Realty LLC
Seller: Tenn Trans LLC
Loan Amount: $950,000
Loan Date: Dec. 19, 2013
Maturity Date: N/A
Lender: BankPlus
Details: The 109,626-square-foot warehouse at 4300 Air Trans Road in Oakhaven has traded hands for $1.2 million.

4. Avoiding a Tailspin -

Memphis, Nashville feels your pain.

When Delta announced earlier this month it would no longer use Memphis International Airport as a hub – cutting 230 jobs in the process – it brought back bad memories for the Music City.

5. June 7-13: This week in Memphis history -

1973: On the front page of The Daily News, the Shelby Farms Development Board voted to back the sale of the 2,000-acre site of the old Shelby County Penal Farm to Rouse Co. of Columbia, Md., and Boyle Investment Co. of Memphis for development of the land as a residential community. The action went to the Shelby County Quarterly Court. The land is now Shelby Farms Park.

6. Oakhaven Warehouse Sells After Foreclosure -

4120 Air Trans Road, Memphis, TN 38118

Sale Amount: $2.5 million

Sale Date: May 7, 2013

7. The Panama Effect -

The expansion of the Panama Canal will affect the supply chain of businesses across the country, including those involved in Memphis industrial real estate.

The 48-mile Panama Canal connects the Pacific Ocean to the Atlantic Ocean through the Caribbean Sea. The $5.2 billion expansion will allow bigger container ships through the canal, providing a more efficient way of moving a large number of containers.

8. HSA Files $6M Loan for Airport Industrial Lots -

Memphis Air Trans LP, an affiliate of Chicago-based HSA Commercial Real Estate, has filed a $6 million loan through The PrivateBank and Trust Co. for various lots in Airport Industrial Park Section L.

9. Delta Reduces Memphis to Amsterdam Flight -

Delta Air Lines Inc. will end regular daily service between Memphis International Airport and Amsterdam’s Airport Schiphol starting in September.

10. Delta Makes Amsterdam Flight Seasonal -

Delta Air Lines Inc. will end regular daily service between Memphis International Airport and Amsterdam’s Airport Schiphol starting in September.

11. 'In the Middle' -

Memphis executives and business owners moving their goods around the world this year kept a close eye on international developments like the Arab spring and the Greek government’s fiscal crisis.

12. Delta Sticks to Guns on Reduced Capacity -

Even with earnings down 58 percent in the second quarter of 2011 compared to a year ago, Delta Air Lines Inc. CEO Richard Anderson remained locked this week on the message that Delta’s capacity reduction is at the right level and is the right thing to do.

13. Delta Q2 Earnings Drop 58 Percent -

Earnings for Delta Air Lines Inc. dropped 58 percent in the second quarter ended June 30 compared to the same quarter in 2010.

14. Delta Earnings Drop as More Cuts Coming -

Delta Air Lines saw fuel prices substantially increase the cost of operating the worldwide air carrier, which has a hub at Memphis International Airport.

That and the one-time cost of a voluntary buyout program for 2,000 employees were what Delta executives said was behind a 58 percent drop in earnings for the quarter that ended June 30.

15. Delta Plan Yields More Cuts at Memphis Airport -

On the way to its Labor Day goal of cutting capacity, Delta Air Lines Inc. is making more specific the moves that will cut its service at Memphis International Airport, one of Delta’s seven domestic hubs.

16. Vision Airlines Lands at Tunica -

During the spring and summer Destin, Fla., is a popular beach getaway destination for Memphians. And this week Vision Airlines began service between Tunica Airport – about an hour from Memphis – and the Florida beach city, where Vision has a hub. The Tunica-Destin flight will then connect to Baton Rouge, La., and Las Vegas.

17. Aces Increases Presence With Two Leases -

Aces A/C Supply North has recently signed two leases in the region – one in Memphis and one in Jackson, Tenn.

Carrollton, Texas-based Aces, a representative of American Standard Heating and Air Conditioning, is a wholesaler of air conditioning and equipment and parts.

18. Delta Air Lines Reports $929M Profit in Q3 -

Delta Air Lines Inc. has reported a $929 million third-quarter profit excluding special items.

The Atlanta-based airline’s net income was $1.10 per diluted share on a 13.5 percent operating margin, beating analysts’ estimates by 16 cents. A $566 million special items charge was recorded in Q3.

19. Delta Reports $256 Million Q1 Loss, Sees Q2 Profit -

ATLANTA (AP) – Delta Air Lines Inc. blamed heavy winter storms and one-time expenses for propelling it to a $256 million loss during the first three months of the year, though it said Tuesday it expects a solidly profitable second quarter as the peak summer season ramps up.

20. Japan Airlines Rejects Delta, Stays With American -

TOKYO (AP) – Japan Airlines, wooed for months by Delta Air Lines with promises of cash and global reach, spurned the world's biggest carrier and opted to keep its alliance with American Airlines.

21. Union: Pinnacle, Other Regional Airlines Pressuring Pilots -

WASHINGTON (AP) - The regional airline that operated a plane that crashed and killed 50 people in upstate New York has been pushing pilots to fly even if they say they are too sick or too tired, a union official told Congress on Wednesday.

22. Union: Regional Airlines Pressure Pilots -

WASHINGTON (AP) — The regional airline that operated a plane that crashed and killed 50 people in upstate New York has been pushing pilots to fly even if they say they are too sick or too tired, a union official told Congress on Wednesday.

23. Outside Interests Local Sector’s Biggest Benefactors -

As the real estate slump toils on, a Chicago-based company has proven to be a savior of sorts for the local industrial sector.

HSA Commercial Real Estate, already a player in the local market, continued its investments here by pulling the trigger on three of the four most lucrative deals in Shelby County during the past year, all of them in the Oakhaven/Parkway Village area.

24. Numbers Show Industrial Real Estate Taking Plenty Of ‘Licks’ -

A healthy industrial real estate market is imperative for Memphis to live up to its longtime moniker of “America’s Distribution Center” or its new one of “America’s Aerotropolis.”

In other words, a viable warehouse sector – which bolsters the city’s ability to store goods before they’re distributed and supports the city’s robust transportation assets – is mission critical no matter how the city’s marketing is phrased.

25. Air France-KLM, Delta to Reap $12B a Year -

Delta Air Lines Inc., Air France and KLM signed a deal Wednesday to combine two separate joint venture agreements to create a more integrated trans-Atlantic powerhouse they said will generate $12 billion in annual revenue and provide better travel options for customers.

26. Industrial Real Estate Shows Rare Q1 Weakness -

Industrial real estate in many ways is the backbone of Memphis’ economy, providing warehouse and distribution space to the myriad transportation companies that move freight in and out of the city.

That sector began 2009 by showing rare signs of weakness, suffering its first three-month period of negative absorption since late 2007. The Memphis Metropolitan Statistical Area saw a loss of 521,677 square feet in the first quarter, according to quarterly data released last week by the Memphis office of CB Richard Ellis.

27. Tight Credit Put Squeeze On ‘08 Commercial Real Estate Sales -

As with the residential sector, 2008 was a year to forget in commercial real estate, which suffered declining sales and endured a nationwide credit crunch throughout the year.

“The big storyline in ’08 was that lenders weren’t lending,” said Johnny Lamberson, senior vice president at CB Richard Ellis Memphis. “It put a real tightening on deals getting done. If deals weren’t highly leveraged, as the year went on it became harder and harder to get transactions closed because nobody was lending money.”

28. Commercial Real Estate Sales Down 18 Percent -

A familiar theme in the commercial real estate market continued in November as a couple of high-dollar transactions kept the month out of the doldrums. Not surprisingly, though, those numbers didn’t do much to salvage an otherwise dismal year.

29. Chicago Company Buys Again In Memphis -

A Chicago real estate firm has bolstered its Memphis presence with another industrial acquisition, its fourth high-dollar deal in the past couple of years.

HSA Commercial Real Estate, operating locally as Memphis Air Trans LP, has bought the 342,860-square-foot, one-story warehouse at 4219 Air Trans Road for $8.4 million, proving that it remains bullish on this market.

30. Chicago Firm Buys Another Memphis Warehouse -

4219 Air Trans Road
Memphis, TN 38118
Sale Amount: $8.4 Million

Sale Date: Nov. 5, 2008
Buyer: Memphis Air Trans LP
Seller: TC Air-T Industrial LLC
Loan Amount: $6.7 million
Loan Date: Nov. 5, 2008
Maturity Date: N/A
Lender: Union Bank of California NA

31. Memphis Air Trans LP Buys Warehouse for $8.4M -

Memphis Air Trans LP has bought a 342,860-square-foot, one-story warehouse at 4219 Air Trans Road for $8.4 million. The seller was TC Air-T Industrial LLC, which acquired the property in January 2007 for $5.8 million. Memphis Air Trans financed the purchase with a $6.7 million loan through Union Bank of California NA.

32. Delta to Launch New Memphis Flights -

ATLANTA (AP) - Fresh off its acquisition of Northwest Airlines, Delta Air Lines Inc., the world's biggest carrier, said Wednesday it plans to add 15 new international routes starting next spring, though it's unclear whether that will mean another year of big capacity growth outside the U.S. as the carrier will cut frequencies on other routes.

33. European Regulators Approve Delta-Northwest Deal -

ATLANTA (AP) - European regulators said Wednesday they have cleared Delta Air Lines Inc.'s proposed acquisition of Northwest Airlines Corp.

The European Commission said in a statement that after examining the operation, it concluded that the transaction would "not significantly impede effective competition in the European Economic Area or any substantial part of it."

34. NAFTA Ramifications Reach Closer to Memphis -

Busy construction sites might offer a glimpse of the future when it comes to logistics, as thousands of Mexican truck drivers make Memphis their destination.

But the International Brotherhood of Teamsters union is leading an uphill battle to stop the incursion of Mexican-based trucks and drivers into the United States, part of a one-year demonstration project related to the North American Free Trade Agreement (NAFTA).

35. Coastal Partners AffiliatesBuy Delp Street Warehouse -      Three limited liability companies affiliated with California-based Coastal Partners LLC have bought a 153,380-square-foot warehouse at 4286-4362 Delp St. near Memphis International Airport.
    &n

36. Archived Article -

18 buildings near
Memphis International Airport
Sale Amount: $42 million

Sale Date: April 9, 2007
Buyer: Inland American TN Distribution LLC
Sellers: ProLogis-North Carolina LP (14 properties); Dorothy Vea Polk, Lewie R. Polk III, Patricia Polk Boyd, Peggy Polk Kent and Janice Polk Thompson (four properties)

37. Trammell Crow Buys PropertiesOn Air Trans, Brooks Roads -      Trammell Crow Co., a subsidiary of CB Richard Ellis Group Inc. (CBRE), has bought the Bellbrook and Space Center industrial parks and the Baker building - all on Brooks Road - and the Air Trans building on Air Trans Road

38. Warehouse Near AirportFinanced for $3 Million - ABP TN (Memphis) LLC has filed a $3 million mortgage through German American Capital Corp. for a warehouse in Airport Industrial Park. The property is a 103,288-square-foot, one-story warehouse on 12.81 acres on the southwest side of Malone Road acro

39. Archived Article -

70 S. Fourth St.
Memphis, TN 38103
Cost: $37 million

Borrower: Memphis Center City Revenue Finance Corp. (as grantor and lessor) and Forum Residential Partners LLC (as lessee)
Lender: Regions Bank
Trustee: Sandy Wilson
Property: Echelon at the Ballpark at 70 S. Fourth St.

40. Sealy Mattress Co. SellsProperty for $2.5 Million - BRB Interests LLC, Brett A. and Penny H. Keeshin, RNB Interests LLC, Joseph and Cynthia Kaplan, Todd V. and Christine G. Sanfilippo Family Living Trust and Marc Miller have purchased 16.41 acres at 4120 Air Trans Road near Pidgeon Roost Road from Sea

41. Archived Article: Real Recap - UT Medical Group Finances Wolf River Office

UT Medical Group Finances Wolf River Office

7945 Wolf River Blvd.

Germantown, TN 38138

Cost: $10 million

Borrower: UT Medical Group Inc.

Lender: National Bank of Commerce

Trustee: Sout...

42. Archived Article: Daily Digest - Sealy Mattress Co

Sealy Finances

Land for $3.6 Million

Sealy Mattress Co. of Memphis has financed 16.41 acres at 4120 Air Trans Road for $3.6 million, according to The Daily News Public Records Database, www.memphisdailynews.com. JPMorgan C...

43. Archived Article: Daily Digest - Memphis in May

Memphis in May

announces music lineup

Memphis in May International Festival announced the performance lineup Tuesday for the 2003 Beale Street Music Festival. Headliners include Sheryl Crow, John Mayer, Jonny Lang, Joe Cocker...

44. Archived Article: Averitt (lead) - Averitt starts construction of shop expansion Averitt starts construction of shop expansion at terminal By LAURIE JOHNSON The Daily News Averitt Express has launched construction of a 15,000-square-foot shop expansion for its Memphis terminal at 425...

45. Archived Article: Market Focus - By STACEY PETSCHAUER   State and local initiatives aim to increase international business opportunities By STACEY PETSCHAUER The Daily News Broadening the appeal of Memphis and Tennessee in international trade and business markets is the focus ...

46. Archived Article: Inv Briefs - 12/18 Inv briefs Federal Express Corp. announced that net income for the quarter ended Nov. 30 was $89.9 million, a 4 percent increase over last years second quarter net income of $86.1 million. Earnings per share rose to $1.57 from $1.53 per share ...

47. Archived Article: Real Analys - 11/14 Real analys Mallory Group & Alexander International break ground on new headquarters By ED RAINS The Daily News Memphis Mayor W.W. Herenton, Shelby County Mayor Jim Rout and Jim McGehee, chairman of the Memphis/Shelby County Airport Author...