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Editorial Results (free)

1. City Council Continues Pension Talks -

Memphis City Council members continue their discussions Tuesday, March 18, about the city’s unfunded pension liability as well as possible changes in city employee heath care benefits.

But there is still no action on any part of the issues on the council agenda for a vote.

2. 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.

3. South Main’s New Life -

The history of the South Main Historic Arts District is as colorful as its present-day users, an alternating rhythm of sorts in Memphis’ songbook.

The area has oscillated from its ritzy suburban roots of the 1800s to the industrial era ghost town of the 20th century and now to its current status as Downtown’s flourishing arts and boutique district and the subject of some $100 million in investment. And it’s all due to stakeholders who braved the status quo in distinguishing the southern end of the Central Business District as that funky place with an indescribable vibe.

4. Victory Packaging Relocates to Memphis -

Victory Packaging soon will relocate its entire Southaven branch operation to the Southeast Memphis industrial submarket.

The Houston, Texas-based industrial packaging supplier and distributor inked 158,333 square feet in Shelby Air Park Building 1, 4500 Malone Road. The 475,000-square-foot building also houses Terminal Warehouse Inc.

5. Exeter Buys West Memphis Warehouse for $15.6 Million -

Pennsylvania-based Exeter Property Group has snatched up the Smucker’s distribution warehouse in West Memphis for $15.6 million.

The 600,000-square-foot facility was a foreclosed property from Bank of America, which was selling it with a year-end anticipated closing, said Matt Brodnik, Exeter’s director of capital markets.

6. Events -

St. Jude Children’s Research Hospital will host its 50th Year Anniversary Biomedical Symposium Thursday, Oct. 4, and Friday, Oct. 5, at the hospital, 262 Danny Thomas Place. Speakers include some of the world’s leading cancer scientists. Visit stjude.org.

7. Events -

Talk Shoppe will host a free discussion by Lance and Terry Walker of Walker Auctions on how to buy at auction, followed by an auction to benefit Make-A-Wish Foundation Wednesday, Oct. 3, from 9 a.m. to 10 a.m. at Better Business Bureau, 3693 Tyndale Ave. Visit talkshoppe.biz.

8. Rail Yard Opens In Rossville -

Those in the logistics industry have known since the end of June, but Norfolk Southern Corp.’s Memphis Regional Intermodal Facility at Rossville had its soft opening earlier this month.

9. Fullen Dock Operational Despite Floodwaters -

Fullen Dock and Warehouse, an intermodal river terminal at Mile 740 of the Lower Mississippi River immediately north of Downtown, announced that its terminal and docks are fully operational despite the flooding of the river.

10. Glencore Grain Buys Mendenhall Warehouse -

4834 S. Mendenhall Road
Memphis, TN 38118
Sale Amount: $6 Million

Sale Date: March 25, 2011
Buyer: Glencore Grain USA LLC
Seller: ProLogis NA2 Tennessee LLC

11. Dunavant Buys Sea Lane, Expands Intermodal Service -

Memphis-based Dunavant Transportation Group has bought Sea Lane Express, a regional trucking and intermodal company with headquarters in Great Neck, N.Y.

The acquisition, announced Monday, gives Dunavant intermodal and seaport locations along the East Coast.

12. Pacific Logistics Picks Olive Branch for Hub -

Pacific Logistics Corp. has signed a lease for its first Memphis-area location, which will serve as a regional hub for the company’s growing shoe and retail business.

13. FedEx to Relocate Fueling, Recycling Centers -

2691 Democrat Road
Memphis, TN 38118
Permit Amounts: $2 million (fueling center); $1.5 million (recycling center)

14. Ryan’s Property in Millington Sells for $1.6 Million -

8165 U.S. Highway 61 N.
Millington, TN 38053
Sale Amount: $1.6 million

Sale Date: Oct. 15, 2010
Buyer: DPI Group LLC
Seller: FIGRYANH LLC

15. Cautious Optimism -

Industrial real estate, which thrives whenever companies choose one of the city’s numerous warehouses and distribution centers to store their goods, plays a significant role in Memphis’ economy.

So as the recession improves and consumerism rebounds, the industrial sector is bound to show improvement as will the city’s financial climate.

16. Passengers Down, Cargo Up at Airport -

While a whistleblower’s claim that one of the airport’s runways is unsafe took center stage at last week’s Memphis-Shelby County Airport Authority board meeting, the dramatic discussion overshadowed a full slate of resolutions and updates on the most recent passenger and cargo activity at the airport.

17. The Cost of Progress -

The development of Norfolk Southern Corp.’s $112 million intermodal yard on a former cattle ranch in Fayette County has polarized the community for more than a year.

18. Commercial Sales See Bump in October -

High-dollar transactions involving a wide range of properties – vacant land, a strip center, an apartment complex and a couple of warehouses – helped Shelby County’s commercial market register a relatively decent month by 2009 standards during October.

19. Public-Private Partnerships at Center of Freight Conference -

Memphis’ intermodal and freight capabilities are legendary. The city has boasted the world’s busiest cargo airport for 17 straight years thanks to hometown shipping giant FedEx Corp.

20. Airport Authority Files Permit For Parking Garage, Rental Car Facility -

2491 Winchester Road
Memphis, TN 38116
Permit Amount: $135 Million

Project Cost: $150 million
Permit Date: Applied October 2009
Completion: TBA
Owner: Memphis-Shelby County Airport Authority
Tenant: Memphis International Airport
Contractor: TBA
Architect: Walker Parking Consultants

21. Cal Western Packaging Buys Rivergate Warehouse -

Cal Western Packaging Corp. has bought the 100,000-square-foot warehouse at 2665 Riverport Road in the Rivergate Industrial Port in South Memphis.

22. BNSF Railway Preps for Intermodal Yard Opening -

Evidence of Memphis’ importance to the intermodal industry can be seen throughout town, but nowhere is it more apparent than at the intersection of Lamar Avenue and Shelby Drive, where nine-story cranes now dominate the warehouse district’s industrial skyline.

23. Taking Off -

Aviators attain flight and control the movements of their aircraft by precisely balancing the forces of lift, thrust, drag and gravity. The people piloting the aerotropolis initiative – the promotion of Memphis’ economy focused on the airport, other transportation assets and the connectivity among them – are negotiating their own set of physics in hopes of becoming airborne.

24. Taking Off -

Aviators attain flight and control the movements of their aircraft by precisely balancing the forces of lift, thrust, drag and gravity. The people piloting the aerotropolis initiative – the promotion of Memphis’ economy focused on the airport, other transportation assets and the connectivity among them – are negotiating their own set of physics in hopes of becoming airborne.

25. Fayette Rail Yard Expected to Spark Business Activity -

Don Culbreath has about 200 acres for sale in Chickasaw Trails Industrial Park, a 2,600-acre site in Marshall County, Miss., but so far no one has shown any interest in buying the land.

26. 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.

27. FedEx Expands Services in Mexico -

MEMPHIS, Tenn. (AP) - FedEx Express, a unit of shipper FedEx Corp., said Wednesday it is expanding its services in Mexico for both domestic and international business.

28. Memphis International Airport To Install Backup Generator -

3977 Airways Blvd.
Memphis, TN 38116
Permit Amount: $2 million

Project Cost: $2 million

Permit Date: April 2, 2008

29. Commercial Real Estate Could Weather Economic Storm -

Memphis is among the few cities whose commercial real estate market should remain stable in 2008 amid a sluggish U.S. economy, according to a report released last week by Santa Ana, Calif.-based Grubb & Ellis Co.

30. Memphis Plays Integral Role in Logistics Future -

Peter Ladouceur of Canadian National Railway Co. stood before Memphis' top transportation professionals last week and recalled a famous scene from the movie "The Graduate," in which the lead character is advised to consider a career in "plastics."

31. 'If You Build It' -

In the 1989 movie "Field of Dreams," a mysterious voice tells Kevin Costner's character, Ray Kinsella, "If you build it, they will come," referring to the construction of a baseball field in the middle of Iowa farmland. A Chicago-based development company is taking that approach, except with a large-scale warehouse project at the northwest edge of West Memphis, Ark., touching the border of Marion.

32. BNSF Moves on Expansion Plans -

Memphis, already firm in its status as a national transportation hub, is on the verge of another major transport industry development. Burlington Northern Santa Fe is moving forward with a planned expansion of its railway facility at Shelby Drive and Lamar Avenue.

33. Archived Article: Lead - By Andy Meek

Creative Fire Sparks Agencys Growth

Marketing firm inferno racks up industry accolades

ANDY MEEK

The Daily News

When the Memphis advertising and marketing agency known as inferno shifted its offices last year from Central...

34. Archived Article: Trends - By Andy Meek

More Industries Expand Marketing Through Branding

ANDY MEEK

The Daily News

When the bosses at Fullen Dock and Warehouse decided to spread the word that theyre a major player in the aggregate business something potential cust...

35. Archived Article: Real Recap - HELM Fertilizer plans additional warehouse

HELM Fertilizer Plans Additional Warehouse 28.6 acres near

Channel and Port

Cost: $3 million

Borrower: HELM Fertilizer Terminal Inc.

Lender: First Tennessee Bank National Association

Prope...

36. Archived Article: Comm Briefs - The offices of The Daily News will be closed Monday for the Labor Day holiday

The Daily News offices will be closed Monday for the Labor Day holiday. We will reopen Tuesday from 8:30 a.m. to 5 p.m. The South Main Association hosts its monthly Art...

37. Archived Article: Airport P.2 - Airport to build $6 MSCAA to build warehouse facility By MARY DANDO The Daily News As part of the continuing expansion of Memphis International Airport, the Memphis Shelby County Airport Authority has awarded a contract to build a 60,000-square-foot...

38. Archived Article: Tech Focus - E-commerce distribution more than just moving boxes E-commerce distribution more than just moving boxes By KATHLEEN BURT The Daily News From Planet.Rx to Toys R Us to Barnes and Noble, companies that want an e-commerce presence have found Memphis an...

39. Archived Article: Real Review Lj - Real Review 8-02-99 Smith-Doyle Contractors Inc. is planning a move from its long-time location near the Memphis airport to new quarters in Cordova. The company is about to start construction of a new 8,000-square-foot office building at 1635 Wynne ...

40. Archived Article: Gov't (opd) - The makings of a success story are being written in south Memphis Mississippi businessman has plans for South Memphis land By KATHLEEN BURT The Daily News The makings of a success story are being written in South Memphis. For years, several reasons ...

41. Archived Article: 4q Warehouse - The warehouse and industrial construction market is alive and well in Shelby County Industrial growth strong, incentives are concern By KATHLEEN BURT The Daily News The warehouse and industrial construction market is alive and well in Shelby County....

42. Archived Article: United Terminal Chg - By CAMILLE H. GAMBLE Entrepreneur buys 60-year-old distribution company By CAMILLE H. GAMBLE The Daily News United Warehouse and Terminal Corp., a Memphis distribution company, was recently acquired by local businessman Calvin W. Ozier Jr. Ozier pur...