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Editorial Results (free)

1. Grubb & Ellis Affiliates With New York Advisory Firm -

Grubb & Ellis-Memphis – a full-service commercial real estate firm serving western Tennessee, northern Mississippi and eastern Arkansas – has formed an affiliation with Newmark Grubb Knight Frank, a New York City-based commercial real estate advisory firm.

2. Grubb & Ellis Forms Affiliation With New York Advisory Firm -

Grubb & Ellis-Memphis – a full-service commercial real estate firm serving western Tennessee, northern Mississippi and eastern Arkansas – has formed an affiliation with Newmark Grubb Knight Frank, a New York City-based commercial real estate advisory firm.

3. Changing Market -

Much of 2012’s commercial real estate deals could be summed up in one of three phrases: speculative construction, institutional buyers and unusual transactions.

The first quarter was kicked off when Industrial Developments International Inc. revealed plans to add one build-to-suit and two speculative buildings in its Crossroads Distribution Center in Olive Branch – marking the area’s first spec construction since 2008.

4. Milwaukee Electric Tool Building Bought by Monmouth for $28 Million -

Freehold, N.J.-based Monmouth Real Estate Investment Corp. has acquired the Milwaukee Electric Tool Corp. building at 12385 Crossroads Drive in Olive Branch for $28 million.

5. Seminar Underscores Commercial Sectors’ Highs, Lows -

Memphis’ commercial real estate market for the most part appears to mirror national trends, with all four sectors boasting challenges and bright spots so far this year.

That was a message a room full of real estate professionals received when The Daily News hosted its second annual Commercial Real Estate seminar Thursday, Nov.1, at the Memphis Brooks Museum of Art, sponsored by Magna Bank and Evans Petree PC.

6. IDI Marks Mid-2012 With Development in Memphis -

Atlanta-based Industrial Developments International, also known as IDI, has begun inventory development in Memphis, Atlanta and Indianapolis, representing the first substantial speculative building by any industrial real estate company in these markets since 2008.

7. IDI Set to Begin Construction On Three Olive Branch Bldgs. -

Industrial Developments International Inc. soon will begin construction on three buildings in Crossroads Distribution Center in Olive Branch, marking the first substantial Memphis-area speculative development since 2008.

8. IDI to Begin Construction on 1.75M Square Feet in Olive Branch -

Industrial Developments International Inc. will soon begin construction on three buildings in Crossroads Distribution Center in Olive Branch, marking the first substantial Memphis-area speculative development since 2008.

9. Memphis Advantage -

As the industrial market approaches the end of the first quarter, a handful of deals have local brokers encouraged that the city’s bread-and-butter sector is poised for recovery.

Recent notable industrial leasing transactions – all of which occurred in Class A bulk warehouses – include Trane U.S. Inc.’s 625,000-square-foot lease in Chickasaw Distribution Center; Kimberly Clark Corp.’s 556,000-square-foot lease in Airways Distribution Center; and Impact Innovations’ 275,000-square-foot space at Southridge Corporate Park.

10. Milwaukee Electric Growing in Olive Branch -

A 600,000-square-foot build-to-suit is in the works in Olive Branch, a testament to the local industrial market’s position as a prime manufacturing hub.

Milwaukee Electric Tool Corp. – a Brookefield, Wis.-based manufacturer of heavy-duty portable electric power tools and accessories – recently announced the company is expanding its presence in North Mississippi by relocating to a new, larger distribution center in Industrial Development Inc.’s Crossroads Distribution Center.

11. IDI Bringing 3 Buildings to DeSoto County -

Industrial Developments International Inc. is in the midst of adding one build-to-suit and two speculative buildings in its Crossroads Distribution Center in Olive Branch – marking the area’s first spec construction since 2008.