The Memphis Area Association of Realtors Commercial Council honored its most productive members of 2012 at the 12th annual Pinnacle Awards gala, held Thursday, April 25, at the Memphis Country Club.

2. Olymbec Files $5.5 Million Mortgage on Brinkley Plaza - Saturday, March 09, 2013

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, has filed a $5.45 million mortgage on Brinkley Plaza in Downtown Memphis.

3. Olymbec Files $5.5 Million Mortgage on Brinkley Plaza - Wednesday, March 06, 2013

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, has filed a $5.45 million mortgage on Brinkley Plaza in Downtown Memphis.

4. Breaking the Mold - Saturday, February 23, 2013

When Rosemarie Fair was named Broker of the Year in investment sales at last year’s Pinnacle Awards, she became the first woman ever to do so.

Before Fair founded One Source Commercial Inc. in 1993, she worked with Carlisle Corp. in the early 1980s on Beale Street Landing Downtown. She remembers often what her mentor Gene Carlisle taught her – “Somebody will take care of the big stuff, it’s the nickels and dimes that make the difference.”

5. Madewell Coming to Saddle Creek - Friday, February 08, 2013

The Shops of Saddle Creek in Germantown will soon gain another national retailer with no other presence in Tennessee.

Madewell, a subsidiary of J. Crew Group Inc., has signed a 3,061-square-foot lease in The Shops of Saddle Creek North, 7509 Poplar Ave., in part of the space that was previously The Gap in between James Avery Jewelry and Brighton Collectables.

6. Pinnacle Departure Brings Real Estate Challenge - Wednesday, January 30, 2013

Pinnacle Airlines Corp.’s relocation of its Memphis headquarters to Minneapolis by May should have long-term leasing effects on the Downtown office market.

7. Victory Packaging Relocates to Memphis - Friday, January 18, 2013

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.

8. Changing Market - Wednesday, January 02, 2013

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.

9. Levenger Leases Up EastPark IV - Friday, December 14, 2012

A Delray Beach, Fla.-based specialty retail company is relocating its Memphis distribution warehouse within the Southeast submarket.

Levenger has inked 96,400 square feet in EastPark Distribution Center IV, 5265 Hickory Hill Road, bringing the 372,800-square-foot building to full occupancy. Levenger also has an operation at 3530 E. Raines Road.

10. Slow and Steady - Monday, December 03, 2012

The local office market saw little change in the third quarter, and brokers say the fourth quarter will likely yield similar results.

Memphis’ vacancy rate ended the quarter in the mid-14 percent range, the same levels as 2008, according to Colliers International Memphis’ Q3 office report. Vacancy during that period in 2007 was below 12 percent.

11. I-Bank Grows in Namesake East Memphis Office Tower - Friday, November 30, 2012

Independent Bank has expanded its headquarters at I-Bank Tower to primarily accommodate its Mortgage Lending Division.

12. Rheumatology Clinic Buys Germantown Office Building - Tuesday, November 27, 2012

7660 Poplar Pike Germantown, TN 38138

Sale Amount: $986,850

Sale Date: Nov. 14, 2012

13. New Identity - Wednesday, November 07, 2012

Every great person, every great organization and every great city is trying to be better today than they were yesterday.

That’s how Nancy Coffee puts it in describing the motivation behind the new name that’s been chosen for the nonprofit group she’s the president and CEO of – the New Memphis Institute, which used to be known as the Leadership Academy.

14. CBRE Shares Fall on Weak Third-Quarter Earnings - Thursday, November 01, 2012

CBRE Group Inc.'s shares fell Wednesday following a disappointing third-quarter earnings report from the real estate services company.

15. Brinkley Plaza Sells to Olymbec for $7.2 Million - Monday, October 29, 2012

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.

16. Brinkley Plaza Sells to Olymbec for $7.2M - Friday, October 26, 2012

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.

17. Lease Brings New Breed Footprint to 3 Million Feet - Friday, October 12, 2012

New Breed Inc. is enhancing its Memphis operations with a new distribution warehouse lease in the Southeast industrial submarket.

18. DeWitt to Steer Council With Passion for Real Estate - Friday, September 28, 2012

Greg deWitt’s history degree doesn’t necessarily come into play during his day-to-day leasing of office space, but it speaks to his early-on fascination with the built environment and the movers and shakers who helped to create it.

19. New Panera Underscores Midtown’s ‘Tipping Point’ - Tuesday, September 25, 2012

Panera Bread Co. is coming to one of Midtown’s busiest streets following years of site selection in the area.

20. Denver REIT Buys Industrial Portfolio for $24M - Wednesday, July 18, 2012

Denver-based Industrial Income Trust Inc. has bought an 890,000-square-foot industrial portfolio in Southeast Memphis from CRP Holdings B LP for $24.3 million. The purchase, recorded under the entity IIT Memphis IC LLC on the Shelby County Register of Deeds, includes various lots in Memphis Distribution Center.

21. Exeter Closes On Acquisition Of ProLogis Properties - Friday, June 15, 2012

Pennsylvania-based Exeter Property Group has closed on its acquisition of 10 Memphis-area industrial buildings for $40 million from San Francisco-based ProLogis Inc.

22. Fla. Company Buys Cordova Retail Center - Friday, June 08, 2012

Coral Springs, Fla.-based Swiss Capital Group LLC has acquired The Shops of Woodland Hills in Cordova for $3.1 million.

23. 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.

24. Georgia 3PL Growing Its Area Footprint - Friday, May 18, 2012

A Savannah, Ga.-based third-party logistics firm is seeing rapid expansion in the Southeast Memphis industrial market after its local entrance less than a year ago.

Coastal Logistics Group Inc. has signed a 50,000-square-foot lease extension at 5715 Distribution Drive, bringing its Memphis footprint to 100,000 square feet. The company inked its initial 50,000-square-foot warehouse lease in June.

25. New Owner For Bartlett Car Wash Property - Friday, May 04, 2012

A former car wash site in Bartlett has traded hands. Nyan Jaf acquired the 0.71-acre lot at 5960 Summer Ave. from Mr. Carwash LLC for $65,000.

26. Office Opportunities - Thursday, May 03, 2012

Memphis’ office real estate landscape is changing, and for three firms, those changes are creating opportunities.

Orlando, Fla.-based Parkway Properties Inc. in March completed the sale of its interest in Renaissance Center – a 190,000-square-foot office building at 1715 Aaron Brenner Drive in the Poplar Avenue corridor – to partner Parkway Properties Office Fund LP.

27. Conn.-Based XSE Group Inks Deal - Friday, April 27, 2012

A Middletown, Conn.-based office supply printing company has entered the local industrial scene, taking advantage of Memphis’ centralized logistical capabilities.

XSE Group Inc. has leased 40,214 square feet in Building 14 of Airport Distribution Center, 4006 Airpark St., owned by San Francisco-based ProLogis Inc.

28. Pera, Lightman, Rainer V Take Top Pinnacle Awards - Thursday, April 26, 2012

The Memphis Area Association of Realtors Commercial Council honored the top performers in commercial real estate for 2011 at the 11th annual Pinnacle Awards gala, held Tuesday, April 24, at the Holiday Inn University of Memphis.

29. Commercial Advisors Hires Walton as VP - Monday, March 26, 2012

Patrick Walton has joined Cushman & Wakefield/Commercial Advisors Asset Services LLC as vice president and Certified Global Supply Chain Specialist.

30. Site Work for St. Jude Tower Part of Permit Application - Tuesday, March 13, 2012

315 Danny Thomas Place
Memphis, TN 38105

Permit Cost: $5 million

Project Cost: $190 million

31. Hunter's Trace Apts. Financed for $11M - Tuesday, March 06, 2012

Hunters Trace LLC has financed Hunters Trace Apartments through CBRE Capital Markets Inc. for $10.9 million.

32. CK’s Moves Into Jackson as Part of Expansion - Friday, March 02, 2012

A longtime Memphis diner chain is expanding its presence into the Jackson, Tenn., market.

CK’s Coffee Shop has signed a five-year lease for 1,390 square feet of the existing 4,900-square-foot Old Medina Market Gas Station at 2800 Old Medina Road.

33. Former Mazda Warehouse Sells for $13.5M - Friday, February 10, 2012

The former Mazda North America Inc. distribution center in DeSoto County has been acquired by Hillwood Investment Properties for $13.5 million.

34. Drexel Buys Presidents Is. Warehouse - Friday, January 27, 2012

A longtime Memphis-based agricultural chemical provider has snatched up a warehouse on Presidents Island, where it already has a strong presence.

Drexel Chemical Co. purchased the 137,526-square-foot former manufacturing and distribution facility on 12 acres at 2070 and 2071 Channel Ave. on Presidents Island from HPD Properties LLC for $810,000, or $5.89 per square foot.

35. Lofty Heights - Tuesday, January 10, 2012

The Mid-South apartment market is riding high after a strong 2011.

Last year saw increasing occupancies and rents, as well as a shift from investors and lenders back to more stable properties, all of which followed a 2010 that was dominated by activity involving distressed product.

36. CRE Activity Stays Strong During 2011 - Friday, December 30, 2011

Despite hard times, local commercial real estate firms were able to ink plenty of deals in the past 12 months.

Memphis’ industrial leasing activity kicked off in January when Buena Park, Calif.-based Pacific Logistics Corp. signed a 60,000-square-foot lease in ProLogis Park DeSoto for its first Memphis-area location.

37. Harbor Town Apts. Sell For $31.5M - Friday, December 23, 2011

Dallas-based Behringer Harvard has acquired the Arbors Harbor Town Apartments – a 345-unit multifamily community in Harbor Town on Mud Island – for $31.5 million, or $91,304 per unit.

38. CBRE's Truitt Awarded By Commercial Alliance - Tuesday, December 06, 2011

Realtors Commercial Alliance, the commercial division of the National Association of Realtors, has recognized Kelly Truitt of CB Richard Ellis Memphis, an affiliate of CB Richard Ellis Inc., as a recipient of the 2011 Realtors Commercial Alliance National Award.

39. Willow Lake Apartments Fetch $7.8M - Thursday, November 24, 2011

A North Hickory Hill apartment complex has traded hands for the second time in 18 months.

Bloomington, Minn.-based New Life Core Willow Lake LLC has bought Willow Lake Apartments at 2774 Mendenhall Road from NW-Willow Lake LLC for $7.8 million. The purchase was financed with a $7 million loan through KeyBank NA.

40. Murchison Combines Passion, Fun in Career at CBRE - Tuesday, September 06, 2011

The phrase “There’s no place like home” rings true for native Memphian Brad Murchison. As a major player in the CB Richard Ellis industrial leasing team, Murchison finds Memphis to be a perfect fit for his career choice.

41. Plans Move Ahead For Cordova Staples - Tuesday, August 09, 2011

1.7 acres in
Galleria of Memphis
Sale Amount: $850,000

Sale Date: July 26, 2011

Buyer: TN Cordova Germantown LLC

42. Madison Humphreys Center Financed for $18.8 Million - Friday, August 05, 2011

Madison Humphreys Center LLC has filed an $18.8 million loan for Madison Humphreys Center, a 300-unit apartment complex built in 2001 at 300 N. Humphreys Blvd. The loan, through CBRE Capital Markets Inc., matures in August 2018.

43. Emerald Apts. Suit Settled, Properties Resold - Thursday, August 04, 2011

A $28 million lawsuit involving a trio of apartment complexes in Southeast Memphis settled on undisclosed terms last week, around the same time the original owner bought the properties back through three multimillion-dollar warranty deeds.

44. CRE Sales Increase 20 Percent In June - Tuesday, August 02, 2011

Local commercial real estate sales improved in all categories last month, strongly aided by two big-ticket multifamily sales.

Shelby County saw 53 CRE sales in June, a 20 percent increase from 44 sales in June 2010, and a 4 percent boost from 51 in May, according to the latest information from real estate information company Chandler Reports, www.chandlerreports.com.

45. Trinity Place Sells For Third Time In Five Years - Friday, July 08, 2011

A Cordova retail center is under new ownership for the third time in five years. Atlanta-based Altus Real Estate Advisors LLC has purchased Trinity Place, 7990 Trinity Road, for $2.8 million.

46. Apartments Owner Files Suit to Combat Foreclosure - Monday, June 27, 2011

Three apartment complexes in Southeast Memphis that sold three months ago for $10 million are now mired in foreclosure and a $28 million lawsuit.

Bellevue, Wash.-based Emerald Apartment Group LLC financed the properties through Protective Life Insurance Co. in a trio of March 18 transactions: Emerald Square for $3.7 million, Emerald Pointe for $2.3 million and Emerald Park for $3 million. The sellers were three Georgia-based entities.

47. Orchards of Collierville Sells for $15.7M - Friday, June 24, 2011

The Orchards of Collierville – a 226-unit apartment community at 400 Orchard Circle W. – has sold for $15.7 million.

48. Orchards of Collierville Sells for $15.7M - Thursday, June 23, 2011

The Orchards of Collierville – a 226-unit apartment community at 400 Orchard Circle W. – has sold for $15.7 million.

49. Sharp Optimistic About Future of CRE - Friday, June 17, 2011

For more than 17 years, Mary Sharp has made a name for herself in the historically male-dominated industry of commercial real estate.

50. Ambulance Co. Signs New Lease, Ups Space - Friday, May 20, 2011

A Nashville-based health care company is expanding its Memphis presence. First Call Ambulance Services LLC has signed a three-year, 13,500-square-foot lease at 5155 Wilfong Road, more than doubling its existing space on Federal Avenue.

51. Memphis Pride Signs Lease At Trinity Ridge - Friday, May 06, 2011

An up-and-coming Mid-South cheer and tumbling company has signed a new lease to expand its business, a move that will benefit the facility’s students and parents alike.

Memphis Pride is relocating from a 5,000-square-foot space in Cordova Industrial Park to 16,080-square-foot lease at 7740 B Trinity Road, suite 126.

52. MBIN Signs New Lease At Bellbrook Park - Friday, April 22, 2011

A Memphis-based wholesaler of collectable items has signed a new industrial lease in the Southwest submarket.

MBIN Global Inc. has signed a new lease for 26,250 square feet at Bellbrook Industrial Park, 1004 Brooks Road.

53. Brand Strategy - Tuesday, April 05, 2011

It was two years ago at a Five Guys Burgers and Fries franchisee conference when license rights to Memphis were up for grabs.

Mark Moseley, director of franchising for the Lorton, Va.-based burger chain and friend of FedEx Corp. founder Fred Smith, approached Alabama franchisee Seth Hargett about putting together a package and asked him if he wanted Memphis.

54. Hickory Hill Apartments Sell for $10M - Friday, March 25, 2011

Three apartment communities in the Hickory Hill Road/Knight Arnold Road area have sold for a combined price of $10 million.

Tommy Bronson III and Blake Pera with CB Richard Ellis Memphis’ multifamily division represented Hallmark Capital in the sale to Bellevue, Wash.-based Emerald Apartment Group. Wilson Management Inc., the managing entity behind Emerald Apartment Group, will retain and manage the properties.

55. Popular Burger Chain Moves Into Memphis - Friday, March 11, 2011

After years of Five Guys Burgers and Fries having a presence in the Nashville and Knoxville areas, the chain is setting up shop in one of Memphis’ most densely populated areas.

Jubilee Restaurant Group LLC, owner of the franchise, signed a 2,882-square-foot lease in Primacy Place, 1615 Ridgeway Road.

56. New Plants Bode Well for Industrial Sector - Monday, March 07, 2011

Although the overall commercial real estate market is soft, Memphis’ industrial sector appears to be gathering more steam than any other category.

With the arrival of such large projects like the Electrolux and Mitsubishi plants and Norfolk Southern Corp.’s new Fayette County intermodal yard, industry professionals hope ancillary business will bolster the industrial market by sparking new development, attracting new investors and enhancing the area’s economy.

57. Interstate Brands Renews, Expands Lease - Friday, January 14, 2011

Interstate Brands Corp. has renewed and expanded its lease in the Germantown Park - Kimbrough Building in Cordova, more than doubling its footprint.

58. EMHC Moving to Appling Farms, Doubling in Size - Friday, December 17, 2010

Emergency Mobile Health Care is more than doubling the size of its Memphis corporate headquarters.

EMHC has signed a 14,200-square-foot lease at 6972 Appling Farms Parkway. EMHC currently occupies 6,900 square feet at 5071 Wilfong Road, and also has an office in Jackson, Tenn.

59. Skyline Grows Local Footprint on Vantech Dr. - Friday, December 10, 2010

Skyline Exhibits MidSouth is expanding its presence at East Pointe Business Center.

The St. Paul, Minn.-based tradeshow exhibits company renewed its 9,958-square-foot lease at 3895 Vantech Drive, Suite 9, and expanded into an additional 3,524 square feet. The additional space will enable Skyline to assemble and store exhibits for clients.

60. Evolve Systems Grows Memphis Location - Friday, November 19, 2010

Evolve Digital Media has more than doubled its Memphis location at Apple Tree Center in Hickory Hill.

The Memphis-based company expanded its lease from 2,520 to 6,327 square feet at 6073 Mount Moriah Road Extended. Tyler Tapley, associate with CB Richard Ellis Memphis, represented the landlord, Apple Tree Center Partnership.

61. B.I.G. Idea - Monday, November 15, 2010

With crime on a downward spiral in Memphis, a new initiative seeks to amplify this trend by forging partnerships between business leaders and police precincts.

Business Interest Group (B.I.G.) Uniting for a Better Memphis is asking people to step outside their office walls to learn what’s really happening in nearby neighborhoods. Likewise, precinct commanders are coming into conference rooms to present crime statistics and answer questions.

62. Pet Hospital Signs Lease at Corner Shops - Friday, November 05, 2010

A new pet hospital is among the most recent tenants at The Corner Shops of Canada Road.

The Lakeland Pet Hospital signed a new 3,850-square-foot lease in the 32,500-square-foot center, at the northwest corner of U.S. 64 and Canada Road in Lakeland.

63. Omni Visions Deal Headlines Leasing Activity - Friday, October 29, 2010

Omni Visions Inc. recently signed a new lease at Kirby Gate Business Campus, 2725 Kirby Parkway, for 3,523 square feet.

64. CBRE Lands Leasing Contract With Parkway - Friday, October 01, 2010

The Memphis office of CB Richard Ellis Inc. will handle marketing and leasing services for Parkway Realty Service’s Memphis office building portfolio, the company announced this week.

65. MAAR Commercial Council Welcomes New Board Members - Monday, August 16, 2010

The Memphis Area Association of Realtors Commercial Council held its annual board of directors meeting Thursday, approving three new members for its 2011 board.

Greg deWitt of Grubb & Ellis Co. will take over one of the council’s director seats next year before becoming the council’s vice president in 2012. He will inherit the seat occupied by John Mercer of Highwoods Properties in 2011.

66. Jim’s Place East Finds New Home on Perkins - Thursday, July 15, 2010

Jim’s Place East – a Memphis tradition since its founding nearly 90 years ago – is opening a location at Poplar Avenue and Perkins Road, having signed a 10-year lease for the 5,900-square-foot space that recently housed Harold’s women’s boutique.

67. Jim's Place East to Relocate to Poplar/Perkins - Wednesday, July 14, 2010

Jim’s Place East – a Memphis tradition since its founding nearly 90 years ago – is opening a location at Poplar Avenue and Perkins Road, having signed a 10-year lease for the 5,900-square-foot space that recently housed Harold’s women’s boutique.

68. Arbors Of River Oaks Sells for $16.3 Million - Wednesday, June 16, 2010

An out-of-town company has pulled the trigger on the largest multifamily deal of 2010 with the $16.3 million purchase of the Arbors of River Oaks.

Trade Street Capital LLC of Miami bought the 191-unit Class B complex at 6369 Humphreys Blvd. in River Oaks from The Shoptaw Group of Atlanta.

69. New York Company Buys Gardenwood Apartments - Tuesday, June 01, 2010

4975 Hoover Drive
Memphis, TN 38128
Sale Amount: $2.9 Million

Sale Date: May 17, 2010
Buyer: Gardenwood Apartments LLC
Seller: Bank of America NA
Loan Amount: $2.2 million
Loan Date: May 17, 2010
Maturity Date: N/A
Lender: Bloomfield Capital Partners Fund III LLC

70. Gardenwood Apartments Fetch $2.9M From NY Buyer - Monday, May 24, 2010

New York-based Besyata Corp. has paid $2.9 million for the 152-unit Gardenwood Apartments at 4795 Hoover Drive in Raleigh.

71. Negative Absorption Dings Market - Tuesday, February 23, 2010

The strength of Memphis’ commercial real estate market is its industrial sector, but the city’s bread and butter suffered a rare misstep in 2009, the most recent data show.

Memphis saw negative absorption of 352,797 square feet during the fourth quarter and negative absorption of 913,871 during 2009, according to a year-end report from CB Richard Ellis.

72. Sale Could Bring Improvements To Bella Vista - Friday, January 15, 2010

Like many projects companies launched before the recession hit, the plan for rejuvenating the 432-unit Bella Vista Apartment Homes in Hickory Hill began with such promise.

In March 2007, a newly formed company, Maple Creek Advisors LLC of Dallas, made its first multifamily acquisition with plans to invest $4 million of renovations in the property.

73. Multifamily Survives Q4, Year - Thursday, January 14, 2010

The fourth quarter of 2009 proved to be a decent period for the local multifamily industry during an otherwise lackluster year. Though some market trends remained relatively unchanged from third quarter, the apartment sector enjoyed a rush of investment sales as more investors pulled the trigger on deals.

74. CBRE Report Shows Pockets of Hope in Retail Sector - Thursday, December 03, 2009

The local retail market hasn’t been immune to the sluggish economy, but Memphis saw a couple of bright spots during the third quarter (July through October), according to the latest data from CB Richard Ellis.

75. Impending Foreclosure Not First For Downtown Building - Monday, May 04, 2009

The foreclosure notice filed Friday against One Commerce Square at 40 S. Main St. isn’t the first financial crisis the landmark tower has faced.

76. Memphis Multifamily Experiences Mixed Results - Monday, February 23, 2009

The Memphis multifamily market is garnering mixed reviews as analysts reflect on a relatively stable 2008 while projecting a potentially turbulent 2009.

Though the apartment sector didn’t fare as poorly as office and retail last year, it did endure a host of downward trends, from occupancy to construction to absorption, according to year-end data from the multifamily division of CB Richard Ellis Memphis.

77. Hickory Pointe Sells For $5.8M to Utah Investor - Friday, January 09, 2009

The Hickory Pointe Apartments at 2775 Hickory Pointe Lane in Hickory Hill has sold for $5.8 million in a substitute trustee’s sale to Hickory Pointe Apartments Utah LLC, an affiliate of Salt Lake City-based Capital Growth Corp.

78. Multifamily Sector Steady to Good in Q3 - Friday, October 31, 2008

The Memphis multifamily market once again proved itself resistant to the economic downturn, registering another period of improvement during the third quarter (July through September) as other sectors continued their slide.

79. Multifamily Sector Healthy in Q2 - Tuesday, September 16, 2008

No matter how tough the economy gets, people still need a place to live, and one of the few sectors to weather this latest downturn has been multifamily.

Apartment business registered a solid second quarter (April through June) this year with steady occupancy plus upward trends in the categories of rents, construction and absorption, according to the latest multifamily report by CB Richard Ellis Memphis’ multifamily division.

80. Commercial Real Estate Tumbles - Friday, August 22, 2008

After a prolonged and prosperous ride, commercial real estate stumbled in the past year with no signs of regaining its balance anytime soon.

Just 998 commercial sales were made in Shelby County from August 2007 through July 2008, down 17.6 percent from 1,211 sales during the previous 12-month period, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

81. May Commercial Sales Drop 75 Percent - Monday, June 23, 2008

Take away the $16 million multifamily portfolio sold in a complicated deal that kept the properties out of bankruptcy and Shelby County’s commercial real estate activity in May was a picture of paltriness.

82. Pedcor Files Construction Loan For Ashland Lakes Phase II - Tuesday, May 27, 2008

Address: 7660 State Line Road

Memphis, TN 38125

Sale Amount: $1.3 Million

Sale Date: May 13, 2008

Buyer: Pedcor Investments-2007-CVIII LP

Seller: Pedcor Investments

83. No Gloom Here - Friday, March 07, 2008

Memphis' multifamily industry enjoyed one of the most dynamic years in recent memory, as 2007 saw increased occupancy, rental rates and even construction, according to the fourth quarter and 2007 "Memphis Multi-Housing Marketview" report by the local office of CB Richard Ellis (CBRE).

84. Big-Picture Economics Topic Of Property Summit - Tuesday, February 19, 2008

A host of experts will discuss the bigger picture of the U.S. and global economies as well as local real estate matters at this week's Commercial Property Forecast summit, hosted by the Memphis Area Association of Realtors' Commercial Council.

85. CB Richard Ellis EarningsSlip in Q4 - Thursday, February 07, 2008
     Commercial real estate firm CB Richard Ellis Group Inc. said Tuesday its fourth-quarter earnings slipped on acquisition costs and credit worries.
     Net income for the period ended Dec. 31

86. Multifamily Properties Mostly Unfazed by Credit Crisis - Friday, December 28, 2007

As residential real estate continued to slump in the third quarter of 2007, the multifamily industry continued to soar, proving that the two industries remain headed in opposite directions at least for now.

87. Memphis Multifamily Shines in 2007 - Tuesday, November 20, 2007

This year is almost in the books, but no matter what happens in the next six weeks, 2007 will go down as one of the most intriguing in recent memory for the multifamily industry.

For starters, Fogelman Realty Group LLC fetched a Memphis multifamily record $46 million in October when it sold the Class B, 1,002-unit Watergrove Townhomes to Philadelphia-based BPG Properties Ltd.

88. Watergrove Transaction Sets Multifamily Price Record - Tuesday, October 23, 2007

With 22 acres of lakes dotted across its sprawling footprint near Tenn. 385, Watergrove Townhomes has been one of the more recognizable properties in the Hickory Hill area for the past 20 years.

Thanks to the arrival of Philadelphia-based BPG Properties Ltd., the 1,002-unit Class B complex can now add another distinction to its resume - most lucrative.

89. California Investor Sees Memphis As 'Long-Haul' Market - Tuesday, September 11, 2007

Thanks to his company's recent purchase of The Birches Townhouses in Whitehaven for $3.6 million, Bill Sparano can be counted among the out-of-town investors who are bullish on Memphis real estate.

90. Real-Estate Brokers Take a Real Bruising - Thursday, August 23, 2007

Brokerage firms have prospered along with commercial-real-estate markets in the past few years, reaping record profits.

But over five weeks, shares of the biggest firm, CB Richard Ellis Group Inc., have plunged 30 percent as the credit mess leads investors to predict a severe slowdown in property sales and worry that an economic slowdown could hurt leasing. Yet, some analysts and investors believe that the selloff went too far.

91. Gintz Group Buys Third Midtown Multifamily Property - Tuesday, July 17, 2007

1422 Lamar Ave.
Memphis, TN 38104
Sale Amount: $2.1 million

Sale Date: June 29, 2007

Buyer: 1422 Lamar Ave. LLC

92. Archived Article - Tuesday, June 19, 2007

1130 Legacy Farm Court
Collierville, TN 38017
Sale Amount: $36.5 million

Sale Date: June 12, 2007

Buyer: Legacy Farm LLC

93. Loft ApartmentsSells for $950,000 - Thursday, March 22, 2007
     Loft Apartments, a 112-unit multifamily community built in 1973 in the West Winchester submarket, sold March 5 for $950,000 or $8,482 per unit.
     Blake Pera and Tommy Bronson III of CB Ric

94. Archived Article - Tuesday, February 27, 2007

Airport Business Park
North of Democrat Road
Sale Amount: $13.8 million

Sale Date: Feb. 21, 2007

95. Trammell Crow Buys PropertiesOn Air Trans, Brooks Roads - Tuesday, February 06, 2007
     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

96. CBRE Completes AcquisitionOf Trammell Crow - Friday, December 22, 2006
     Los Angeles-based real estate company CB Richard Ellis Group Inc. has completed its acquisition of Trammell Crow Co.
     Valued at around $2.2 billion, the deal includes approximately $1.9 b

97. 30 BIG ONES - Friday, May 12, 2006

The sale this month of three industrial properties in southeast Memphis, whose more than 880,000 square feet were snapped up for $30 million, illustrates a peculiar truth about the local market.

While some Memphis residents are incapable of seeing past suburban sprawl, election drama, taxes, crime statistics, school consolidation or the city's four-term mayor, that's not necessarily true for national real estate investors.

98. Archived Article: Lead - Friday, February 18, 2005
Retail Growth Will Continue Even After Construction

New Malls to Drive Further Retail Growth

Big-box, small stores to follow large-scale centers

LANCE ALLAN

The Daily News

The Metro Memphis retail landscape is about to see major chang...

99. Archived Article: Daily Digest - Tuesday, December 23, 2003
First Tennessee Wins

First Tennessee Wins

State Lottery Business

The Tennessee Education Lottery Corp. has chosen First Tennessee to provide banking services for the Tennessee Lottery. The three-year contract includes account maintenance an...