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1. Simon Property Group Launches $16 Billion Hostile Bid for Macerich -

INDIANAPOLIS (AP) – Simon Property Group has launched a $16 billion hostile bid for Macerich Co. after saying its rival refused to discuss a combination of two of the largest U.S. mall operators.

2. Flexing Its Muscles, LA Fitness Eyes Third Store -

LA Fitness is eyeing a property in the heart of East Memphis for its third Memphis-area location.

The California-based fitness center chain is considering opening its third store in the Memphis market at 1285 Ridgeway Road, according to sources.

3. Wolfchase Appears to Be Preparing for Cheesecake Factory -

The owner of the Wolfchase Galleria appears to be preparing for the arrival of a Cheesecake Factory restaurant.

Simon Property Group has applied for a $480,000 building permit to relocate Milano’s Men’s Wear inside the mall. Milano’s is currently located near the main entrance to Wolfchase on the Germantown Parkway side of the Cordova mall, the same location where multiple sources have indicated the Cheesecake Factory will open its first Memphis-area restaurant.

4. Cheesecake Factory Scouting First Memphis Location -

The Cheesecake Factory, a wildly popular restaurant chain known for its expansive menu and generous portions, is eyeing the Wolfchase Galleria in Cordova for its first Memphis-area location, according to sources with knowledge of the plans.

5. Cheesecake Factory Eyeing Wolfchase -

The Cheesecake Factory, a wildly popular restaurant chain, is eyeing the Wolfchase Galleria in Cordova for its first Memphis-area location, according to sources with knowledge of the plans.

A representative from Simon Property Group, Wolfchase's owner, could not confirm the talks, saying an announcement would only be made once a lease is fully executed.

6. Concerns Raised About Ikea Incentives -

Some city of Memphis officials are concerned that offering tax incentives to Swedish furniture retailer Ikea could set a dangerous precedent, one that could open the door for other retailers, including large mall owners, to seek the tax breaks.

7. ’Tis the Season -

After the recession struck, desperate retailers competing for a shrinking amount of shopping dollars and market share began tinkering with time-tested holiday marketing strategies.

Good prices, great values, unique offerings and convenience no longer were enough to boost retail sales.

8. Hillview Village Apartments Sell for $5.9 Million -

2051 E. Alcy Road
Memphis, TN 38114
Sale Amount: $5.9 million

Sale Date: March 27, 2014
Buyer: 2013 Hillview LP
Seller: Alcy Partners LP
Details: The 265-unit Hillview Village Apartments at 2051 E. Alcy Road in the Defense Depot neighborhood have sold for $5.9 million.

9. Oak Court Mall Transferred To Simon Property Spinoff -

Simon Property Group has transferred ownership of the Oak Court Mall to Washington Prime Group Inc. as part of a planned spinoff of some of its shopping centers and smaller malls.

10. Simon Property Plans Strip Mall Business Spinoff -

Mall operator Simon Property Group Inc. plans to spin off to its shareholders a business that operates strip malls and smaller enclosed malls so it can focus on bigger malls and premium outlets.

11. Simon Property Plans Strip Mall Business Spinoff -

Mall operator Simon Property Group Inc. plans to spin off to its shareholders a business that operates strip malls and smaller enclosed malls so it can focus on bigger malls and premium outlets.

12. Shopping Spree -

Retailers have been gearing up for a frenzied Black Friday, marking the beginning of the holiday shopping season, but industry experts expect a lukewarm year compared to moderate growth in 2012.

Both nationally and locally, many stores opened earlier than ever before in an attempt to capture customers before their competitors and maximize a shorter-than-usual shopping season.

13. Retail Therapy -

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.

14. Crew Training International Names Woodward Director -

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.

15. Baldwin Joins Trumbull Labs as Pathologist -

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.

16. East Joins Carriage Crossing As Marketing Coordinator -

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.

17. Commercial Advisors Grows CRE Portfolio -

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.

18. FDIC Signs Lease In Lakecrest -

Federal Deposit Insurance Corp. has inked a substantial lease in Lakecrest III, marking the market’s largest office lease signing this year.

19. Riding High -

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.

20. Bluff City Coffee Inks New Space -

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.

21. Fallen Police Memorial to be ‘Lasting Tribute’ -

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.

22. Colliers Signs Baker to First Site in Tenn. -

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.

23. Two Memphis Malls Get New Leadership -

Oak Court Mall and Wolfchase Galleria have been assigned new general managers, Indianapolis-based Simon Property Group Inc. said Thursday.

24. Grubb & Ellis to Lease Oak Court Office Building -

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.

25. Sears Closing Store in Raleigh Springs Mall -

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.

26. Wolfchase Files New Appraisal Challenge -

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.

27. Simon Says It Improved Offer For Rival -

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.

28. The Biggest Spenders -

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.

29. Area Malls See Different Reappraisal Results -

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.

30. Wolfchase Mall Loses Appeal of Higher Property Value -

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.

31. Wolfchase Mall Loses Appeal of Higher Property Value -

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.

32. Simon Properties Offers General Growth $10B Buyout -

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.

33. Web Retailers Extend Shipping Deadlines -

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.

34. Shelby County’s Malls Fight Tax Appraisals -

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.

35. Raleigh Springs Mall Sells for $650K -

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.

36. Youth Villages Names Rutschman Director of Communications -

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.

37. Elvis Managers Plan Big-Time Overhaul for Graceland - 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.

38. Archived Article -

6525 N. Quail Hollow Road
Memphis, TN 38120
Sale Amount: $17.5 million

Sale Date: April 27, 2007

Buyer: Memphis-NCR LLC

39. Swarovski Crystal Shop To Open at Wolfchase -

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.

40. Simon Transfers Wolfchase Between Holding Groups,Refinances Mall for $225 Million -      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

41. Malled by the Competition -

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.

42. Lookin' Good -

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.

43. Retailers Brace for New Mall's Impact -

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.

44. Wolfchase Galleria Withdraws Tax Appeal -

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.

45. Archived Article: Gov - 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...

46. Archived Article: Real Review - 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...

47. Archived Article: Real Review - 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...

48. Archived Article: Reits P2 - 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...

49. Archived Article: Comm Briefs - 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...

50. Archived Article: Real Focus - 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...

51. Archived Article: Memos - 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...

52. Archived Article: Real Analys - 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...