Editorial Results (free)
1. Retail Therapy
- Monday, November 26, 2012
The retail business has been described in recent times as Darwinian in nature to those in the industry, meaning formats come and go as competition intensifies each year.
That concept is apparent in retail chains having trouble finding the best real estate for new locations as antiquated strip centers retain high vacancies. Or in the resurgence of upscale retailers, while dollar stores are simultaneously expanding at a rapid clip.
2. Crew Training International Names Woodward Director
- Wednesday, October 31, 2012
Steve Woodward has joined Crew Training International as director of learning. In his new role, Woodward will manage CTI’s core learning centers, oversee professional development programs and develop metrics to measure and manage the most efficient learning systems.
3. Baldwin Joins Trumbull Labs as Pathologist
- Wednesday, August 01, 2012
Dr. Heather Sehnert Baldwin has joined Trumbull Laboratories LLC as a pathologist. In her new role, Baldwin will practice a full range of pathology with a focus in hematopathology.
4. East Joins Carriage Crossing As Marketing Coordinator
- Wednesday, July 18, 2012
Kendra East has joined Carriage Crossing as marketing coordinator. East’s new responsibilities include creating and implementing the lifestyle center’s yearly marketing budget, spearheading onsite events and leading merchant communication.
5. Commercial Advisors Grows CRE Portfolio
- Thursday, May 31, 2012
Cushman & Wakefield/Commercial Advisors Asset Services LLC is on a roll, picking up various leasing and management assignments that have brought its office and industrial involvement to 17.8 million square feet.
6. FDIC Signs Lease In Lakecrest
- Friday, May 25, 2012
Federal Deposit Insurance Corp. has inked a substantial lease in Lakecrest III, marking the market’s largest office lease signing this year.
7. Riding High
- Friday, March 09, 2012
The traditional enclosed shopping mall is supposedly a retail relic, a throwback to the days when most consumer buying activity occurred behind bricks and mortar.
Fifteen years after it opened, though, Wolfchase Galleria is still holding on, maintaining a high occupancy rate, bringing on innovative concepts that fit into the mall’s existing mix and having recently announced a group of new tenants.
8. 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.
9. Fallen Police Memorial to be ‘Lasting Tribute’
- Tuesday, December 20, 2011
Men and women in blue were joined by friends, family and supporters at the Oak Court Mall, 4465 Poplar Ave., Friday, Dec. 16, for the unveiling of the mockup of a Fallen Officer Memorial that will honor the Memphis Police Department officers who have given their lives in the line of duty.
10. Colliers Signs Baker to First Site in Tenn.
- Friday, December 09, 2011
Colliers International’s industrial team of Andy Cates, Preston Thomas and Mike Driscoll has inked 63 transactions this year. Here’s a rundown on a flurry of recent deals the trio has brokered.
11. Two Memphis Malls Get New Leadership
- Monday, February 28, 2011
Oak Court Mall and Wolfchase Galleria have been assigned new general managers, Indianapolis-based Simon Property Group Inc. said Thursday.
12. Grubb & Ellis to Lease Oak Court Office Building
- Tuesday, January 11, 2011
Simon Property Group Inc. has selected Grubb & Ellis Memphis as the leasing agent for Oak Court Drive, a 136,000-square-foot Class A office building on Poplar Avenue in East Memphis.
Grubb & Ellis president Joe Steffner and vice president Greg deWitt will handle the leasing for the property, which sits next to Oak Court Mall and currently has up to 13,000 square feet of contiguous space with smaller suites available for other prospective tenants.
13. Sears Closing Store in Raleigh Springs Mall
- Thursday, January 06, 2011
Sears Holding Corp. is closing the last remaining anchor store in the Raleigh Springs Mall.
The company announced this week an April 3 closing of the store, which will result in the loss of 91 jobs. Employees at the mall store will be offered opportunities to apply for jobs at other local Sears stores.
14. Wolfchase Files New Appraisal Challenge
- Wednesday, May 05, 2010
The owner of the most expensive piece of real estate in Shelby County isn’t finished challenging its 2009 appraisal.
Indianapolis-based Simon Property Group, the owner of Wolfchase Galleria, is filing another appeal of the mall’s price tag, which the Shelby County Board of Equalization in March pegged at $150 million.
15. Simon Says It Improved Offer For Rival
- Friday, April 23, 2010
INDIANAPOLIS (AP) – Mall owner Simon Property Group says it has improved its offer to help finance the bankruptcy exit of its biggest rival, General Growth Properties.
The Indianapolis company, which owns and operates Oak Court Mall and Wolfchase Galleria, will backstop a $1.5 billion credit facility General Growth needs to emerge from bankruptcy, waive a $12.5 million fee and limit its governance rights.
16. The Biggest Spenders
- Monday, April 12, 2010
David Simon, chairman and CEO of the nation’s largest public real estate firm, told analysts a few weeks ago during Simon Property Group’s fourth quarter earnings conference call that 2009 was a challenging year. And he doesn’t think 2010 will be much better for the company, which owns two malls in Memphis.
17. Area Malls See Different Reappraisal Results
- Wednesday, March 17, 2010
When The Avenue Carriage Crossing opened in Collierville in 2005, its open-air, lifestyle center concept was touted as a hot new retail trend that would dramatically reshape the traditional mall experience.
18. Wolfchase Mall Loses Appeal of Higher Property Value
- Tuesday, March 16, 2010
The most expensive property in Shelby County got even pricier in 2009.
The Shelby County Board of Equalization Monday adopted a $150 million value for Wolfchase Galleria, a 15 percent increase over the mall’s 2008 appraisal of $130 million.
19. Wolfchase Mall Loses Appeal of Higher Property Value
- Monday, March 15, 2010
The most expensive property in Shelby County got even pricier in 2009.
The Shelby County Board of Equalization today adopted a $150 million value for Wolfchase Galleria, a 15 percent increase over the mall’s 2008 appraisal of $130 million.
20. Simon Properties Offers General Growth $10B Buyout
- Wednesday, February 17, 2010
INDIANAPOLIS (AP) – The nation’s largest shopping mall owner, Simon Property Group, made a $10 billion hostile bid Tuesday to acquire its ailing rival, General Growth Properties.
Simon has a large footprint in Memphis, where the company owns 94.5 percent of Wolfchase Galleria in Cordova and 100 percent of Oak Court Mall in East Memphis, two of the most successful area malls.
21. Web Retailers Extend Shipping Deadlines
- Tuesday, December 22, 2009
Retail Web sites have bumped back deadlines and offer free express shipping after weekend snowstorms kept holiday shoppers home in large areas of the East Coast.
Meanwhile, some bricks-and-mortar stores are extending early morning bargains that had been offered on Saturday through Wednesday.
22. Shelby County’s Malls Fight Tax Appraisals
- Monday, December 14, 2009
In a sign of the rattled state of commercial property owners amid the lingering downturn, the owners of most of Shelby County’s major shopping malls are contesting their 2009 property appraisals.
The new values, which will determine the properties’ tax bills, were sent out earlier this year as part of the 2009 countywide reappraisal of property. The area’s five most prominent shopping centers – Wolfchase Galleria, The Avenue Carriage Crossing, Oak Court, Raleigh Springs Mall and Southland Mall – all saw their appraisals rise this year.
23. Raleigh Springs Mall Sells for $650K
- Friday, October 23, 2009
The Raleigh Springs Mall has a new owner. Whether that owner can breathe new life into the beleaguered shopping center remains to be seen.
Angela Whichard Inc., a company related to Raleigh, N.C.-based Whichard Real Estate, has bought the mall at 3390 Austin Peay Highway for $650,000 and the JCPenney department store plus an outparcel on the north side of the mall for $100,000.
24. Youth Villages Names Rutschman Director of Communications
- Wednesday, May 13, 2009
Echelle Lane Rutschman has been named director of communications at Youth Villages. Rutschman joins Youth Villages after 10 years serving as senior communications officer and system director of corporate communications at Baptist Memorial Health Care Corp.
25. Elvis Managers Plan Big-Time Overhaul for Graceland
- Wednesday, August 01, 2007
MEMPHIS (AP) - The thousands of Elvis Presley fans descending on Memphis for the 30th anniversary of his death Aug. 16 won't see much sign of it, but plans are moving along for big-time changes at Graceland.
26. Archived Article
- Tuesday, May 15, 2007
6525 N. Quail Hollow Road
Memphis, TN 38120
Sale Amount: $17.5 million
Sale Date: April 27, 2007
Buyer: Memphis-NCR LLC
27. Swarovski Crystal Shop To Open at Wolfchase
- Thursday, April 19, 2007
The retail chain famous for its line of
merchandise bedecked with shimmering crystal - and which boasts a world-renowned brand name - is opening a store in Memphis next month.
Swarovski, which traces its corporate history all the way back to an inventor working in the Austrian village of Wattens at the end of the 19th century, is opening a roughly 1,200-square-foot retail space inside Wolfchase Galleria May 4.
28. Simon Transfers Wolfchase Between Holding Groups,Refinances Mall for $225 Million
- Thursday, April 05, 2007
A quitclaim deed filed in the Shelby County Register's office last week shows ownership interest in the Wolfchase Galleria mall has been transferred between limited liability companies both within Indianapolis-based Simo
29. Malled by the Competition
- Wednesday, March 28, 2007
Editor's note: This is the third in The Daily News' five-part Retail Reinvented series about the past - and future - of the local shopping landscape.
Pat Jacobs knows a thing or two about Memphis malls. He served as general manager of Southland Mall for 18 years before taking the same job at Hickory Ridge Mall in 2003.
30. Lookin' Good
- Friday, February 02, 2007
The high-end cosmetics store whose name reportedly is derived from the Greek word for beauty is poised to bring a new fragrance to the Memphis market this year.
Sephora - the skin care and beauty chain that operates more than 500 stores in 14 countries - is entering the Memphis market in the coming months with the launch of stores in two of the city's premier shopping centers.
31. Retailers Brace for New Mall's Impact
- Friday, December 23, 2005
For shoppers in the Collierville area, having the $100 million Avenue Carriage Crossing next door is a real boon.
Residents don't have to drive to Saddle Creek anymore to see the latest styles offered by Chico's. They can bring Fido upscale treats from Just Dogs! Gourmet. The proximity of Linens 'n Things precludes a trip to Bed, Bath & Beyond near Wolfchase Galleria.
32. Wolfchase Galleria Withdraws Tax Appeal
- Wednesday, September 28, 2005
A dispute over the appraisal of Wolfchase Galleria, the largest single source of property taxes in Shelby County, is officially over.
Tax representatives for the 1.1 million-square-foot retail behemoth have withdrawn an appeal to the state assessment appeals commission after taking their case before an administrative judge in January. They were working to get the $132 million appraisal for Wolfchase, which is owned by Simon Property Group Inc., nearly cut in half to about $73 million. Simon also owns Raleigh Springs Mall and Oak Court Mall in Memphis.
33. Archived Article: Gov
- Wednesday, January 07, 2004
By Andy Meek
Wolfchase Seeks to Compete Through Tax Breaks
The Daily News
When it comes to regional shopping centers, whats in a name?
Thats a question the Shelby County Assessor of Property Rita Clarks office is trying to a...
34. Archived Article: Real Review
- Tuesday, February 11, 2003
Mid-America, Crow Holdings
Mid-America, Crow Holdings
buy Texas property for $18.9 million
Mid-America Apartment Communities Inc. acquired Green Oaks, a 300-unit apartment community in the Dallas suburb of Grand Prairie, Texas, for $18.9 mi...
35. Archived Article: Real Review
- Tuesday, December 03, 2002
Spat could trigger more REIT deals
Spat could trigger more REIT deals
It's only a single takeover fight between the top U.S. mall owner and a smaller rival, but Simon Property Group Inc.'s unsolicited bid for Taubman Centers Inc. could spark a...
36. Archived Article: Reits P2
- Monday, November 04, 2002
Mall owners prospering weak economy
Mall owners prospering in weak economy
As the holiday selling season approaches, mall owners are seeing green, even as their retailer tenants see red.
While retailers brace for what could be another wea...
37. Archived Article: Comm Briefs
- Friday, January 11, 2002
Memphis Mayor Willie Herenton will give his state of the city address at the Jan Memphis Mayor Willie Herenton will give his state of the city address Tuesday at the meeting of the Memphis Rotary Club beginning at noon at City Hall. Upcoming speaker...
38. Archived Article: Real Focus
- Tuesday, December 11, 2001
By JENNIFER MURLEY REITs gain credibility with S & P showing By JENNIFER MURLEY The Daily News Known as one of the more conservative investment vehicles, real estate investment trusts have continued to gain credibility in a volatile financial ma...
39. Archived Article: Memos
- Wednesday, May 27, 1998
John R John R. Osborne has been named vice president and general manager for Hollywood Casino Corp. in Tunica, Miss. Osborne most recently served as assistant general manager and chief financial officer for the Tunica property. He is a graduate of t...
40. Archived Article: Real Analys
- Tuesday, December 12, 1995
12/12 Real analys Stoneridge the second major apartment sale within a week By ED RAINS The Daily News The transfer of Stoneridge Apartments, a 246-unit development located at 6930 Club Lane in Southeast Memphis on Dec. 7, marked the second sizable s...