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Editorial Results (free)

1. NAI Saig Leases Last Space at Nonconnah Corporate -

Nonconnah Corporate Center’s industrial space is now 100 percent leased thanks to a 26,865-square-foot deal.

NAI Saig Co., which has handled industrial leasing at the property since July 2011, said the new deal with Mar Cor Purification Inc. pushed the 350,000-square-foot park to full occupancy.

2. NAI Saig Leases Last Space At Nonconnah Corporate -

Nonconnah Corporate Center’s industrial space is now 100 percent leased thanks to a 26,865-square-foot deal.

NAI Saig Co., which has handled industrial leasing at the property since July 2011, said the new deal with Mar Cor Purification Inc. pushed the 350,000-square-foot park to full occupancy.

3. Freelance, Remote Work Part of New Office Reality -

In its 2015 list of the top 100 companies to watch for remote jobs, FlexJobs looked at the job-posting histories of more than 30,000 companies last year. The report, released in January, revealed a 26 percent increase in the number of remote jobs posted, hinting that the option to work from home is becoming more widely accepted in the broader economy.

4. Brookhaven Boom -

Downtown has the South Main Historic Arts District and the Main Street core. Midtown has Cooper-Young, Overton Square and the Broad Avenue Arts District, among others.

In East Memphis, defining a proper restaurant and entertainment district might seem to be more difficult, but in fact it’s existed all along on Brookhaven Circle. It’s just taken a few new restaurant openings to bring the neighborhood into full focus.

5. Onyx Equities Expands Operations to Memphis -

A New Jersey-based real estate investment, management and development firm has added a Memphis office to accommodate its growing management portfolio of real estate owned (REO) and receivership properties.

6. Onyx Equities Expands Operations to Memphis -

A New Jersey-based real estate investment, management and development firm has added a Memphis office to accommodate its growing management portfolio of real estate owned (REO) and receivership properties.

7. Crosstown Concourse Taps Retail Leasing Agent -

Crosstown Concourse has added another member to its growing team: The Shopping Center Group LLC will be the exclusive retail leasing agent for the massive project.

8. Crosstown Concourse Taps Retail Leasing Agent -

Crosstown Concourse has added another member to its growing team: The Shopping Center Group LLC will be the exclusive retail leasing agent for the massive project.

9. Earnings Season Roundup -

International Paper Reports Q2 Earnings Growth: International Paper reports its second-quarter net earnings grew while net sales for the quarter decreased slightly.

The Memphis-based company, which released its quarterly financial results Wednesday, July 29, said second-quarter earnings totaled $227 million, or 54 cents per share. That’s up from $161 million, or 37 cents per share, in second quarter 2014, but down from $313 million, or 74 cents per share, in first quarter 2015.

10. 'En Fuego' -

When Southaven Mayor Darren Musselwhite took office in June 2013, one of the first tasks that landed on his desk was a long-planned regional outlet mall.

The outlet mall, planned for a roughly 33-acre site at Church Road and Interstate 55 in the DeSoto County city, had been on the drawing board for some time, but the recession and its aftermath caused developers and Mississippi officials to put it on hold.

11. MAA Reports Surging Profits -

Mid-America Apartment Communities Inc. reported a banner second quarter highlighted by surging profits.

12. ‘Play Together’ -

The Memphis Medical Center is a hotbed of nationally renowned research and health care, but after dark the area might as well be dead.

Despite a workforce of 16,000 and a student base of 8,000, there are limited residential facilities and only a handful of nearby restaurants. But that’s all poised to change thanks to a partnership with an outside consulting group.

13. Dayco Opens Memphis Distribution Center -

Dayco, a leading engine products and drive systems supplier for the automotive, industrial and aftermarket industries, has opened its new Memphis distribution center.

The 400,000-square-foot facility, located at 3530 E. Raines Road, will employ 200 people.

14. Speakers Set For Inaugural TEDxMemphis Event -

A few weeks from now, Memphians will have a chance to hear from Kimbal Musk, the brother of billionaire Tesla founder Elon Musk, about his plans for the restaurant and garden concepts he’s bringing to Memphis.

15. Camy’s To Relocate In Midtown -

Camy’s, the Midtown delivery and carry-out institution, will relocate soon.

Camy Archer, founder and owner of Camy’s, will move the business from 3 S. Barksdale to 2886 Walnut Grove Road, which is near the Union Avenue viaduct and was most recently occupied by the Love Shack.

16. Dayco Opens Memphis Distribution Center -

Dayco, a leading engine products and drive systems supplier for the automotive, industrial and aftermarket industries, has opened its new Memphis distribution center.

The 400,000-square-foot facility, located at 3530 E. Raines Road, will employ 200 people.

17. Clark Tower to Get $6 Million in Capital Improvements -

The venerable Clark Tower is getting an infusion of cash for capital improvements.

In-Rel Properties, which owns the East Memphis skyscraper, has executed an agreement with the building’s lender paving the way for a $6 million capital improvement project that will begin immediately.

18. Madeline Patterson Joins Burson Campaigns -

Madeline Patterson has joined the Memphis office of Burson Campaigns, the corporate issues management unit of Burson-Marsteller, as a vice president. In her new role, Patterson will work with Burson clients on issues and crisis management, communications strategy, and integrated marketing and communications campaigns.

19. Fino’s Taking a Bite Out of East Memphis -

The Brookhaven Circle area, an emerging restaurant row in the heart of East Memphis, is welcoming a new neighbor.

Jerry Wilson, owner of Fino’s from the Hill at 1853 Madison Ave. in Midtown, has acquired the property at 703 W. Brookhaven Circle in East Memphis for $526,600.

20. Commercial Advisors Lands Crosstown Concourse Duties -

Cushman & Wakefield/Commercial Advisors has been tapped to handle property management and office leasing at the Crosstown Concourse development.

Under redevelopment now, the 1 million-square-foot Crosstown Concourse building will include 65,000 square feet of retail space on the first floor, 620,000 square feet of commercial/office space on floors two through six, and 270 apartments on floors seven through 10.

21. Commercial Advisors Lands Crosstown Concourse Duties -

Cushman & Wakefield/Commercial Advisors has been tapped to handle property management and office leasing at the Crosstown Concourse development.

Under redevelopment now, the 1 million-square-foot Crosstown Concourse building will include 65,000 square feet of retail space on the first floor, 620,000 square feet of commercial/office space on floors two through six, and 270 apartments on floors seven through 10.

22. Simmons Joins Cushman & Wakefield/Commercial Advisors -

Mary Leesa Simmons has joined Cushman & Wakefield/Commercial Advisors as vice president – senior asset manager. In her new role, Simmons provides all aspects of property management duties for the firm’s clients.
This includes financial administration, budgeting, reporting, lease administration, contract administration, tenant, client and vendor administration, capital improvements and property inspections.

23. OneJet Lands in Memphis, Thanks in Part to FedEx -

Mid-South business travelers now have an easy, efficient way to reach several large Midwestern markets.

OneJet, a startup airline catering to business travelers, launched its inaugural Memphis to Indianapolis flight on Monday, June 22.

24. MDH Buys Belz’s Memphis Industrial Portfolio -

An Atlanta-based firm has acquired a large industrial portfolio from Belz Enterprises.

Atlanta-based MDH Partners LLC bought 22 industrial buildings in the Memphis area totaling more than 3.1 million square feet.

25. Dayco Wins Tax Break For Distribution Operations -

Michigan-based manufacturer Dayco Products Ltd. will consolidate its distribution operations in the Memphis area, but exactly where remains undecided.

“Due to the continued growth in demand for our products and increased product complexity over the past several years, we have committed to this significant capital investment in order to deliver increased value to our customers,” said Ed Rammel, president of the North American and Australian Aftermarket for Dayco, in a company statement.

26. Chism Opens Capital Advisors/Bellwether Enterprise's Memphis Office -

Jeremy Chism has joined Capital Advisors/Bellwether Enterprise as vice president to open the company’s Memphis commercial real estate loan production office. The firm provides financing solutions through a vast network of insurance companies, CMBS lenders and commercial lenders for commercial real estate.

27. MDH Partners Buys Belz's Memphis Industrial Portfolio -

An Atlanta-based firm has acquired a large industrial portfolio from Belz Enterprises.

Atlanta-based MDH Partners LLC bought 22 industrial buildings in the Memphis area totaling more than 3.1 million square feet.

28. MAA Outgrowing Its East Memphis Headquarters -

MAA has tapped Cushman & Wakefield/Commercial Advisors to explore its long-term corporate office needs.

The apartment-focused real estate investment trust says internal growth and the 2013 acquisition of Colonial Properties Trust means space at its East Memphis headquarters is getting tight.

29. One-Day TEDx Event Coming to Memphis -

Memphis is getting a local version of the global TED conference that’s known for talks given by engaging, often celebrity speakers.

The global TED banner – TED being an acronym for technology, entertainment, design – has an offshoot called TEDx that was created so independent organizers can set up their own “TED-like” events in communities around the world and deliver comparable experiences. That TEDx event is coming to Memphis Aug. 29 at the University of Memphis Rose Theater, 3795 Central Ave.

30. Connexion Point to Hire Nearly 400 in Memphis -

A technology-driven health care services company is opening a Memphis office that will employ nearly 400 people over the next few months.

Connexion Point, a Salt Lake City, Utah-based company that represents large insurance companies, will open a contact center at Nonconnah Corporate Center in Southwest Memphis.

31. Stein World Finds New Home -

Stein World has found a new home. The furniture distributor, which played a pivotal role in Cummins Inc.’s decision to expand locally, has inked a lease for 330,870 square feet at 5321 Shelby Drive.

32. Sutton Joins Dixon Hughes Goodman -

Giles Sutton recently joined Dixon Hughes Goodman LLP as a partner in the firm’s tax practice, where he will focus on issues pertaining to state and local tax.
Sutton, an established attorney and certified public accountant, brings more than 25 years of business tax experience, with a focus on state and local tax issues within the food and beverage, health care, transportation and energy industries.

33. DTZ, Cushman Merger to Have Little Local Impact -

The proposed merger of DTZ and Cushman & Wakefield should have “very little impact” on Memphis-based Cushman & Wakefield/Commercial Advisors, according to a high-ranking company official.

34. DTZ, Cushman Merger to Have Little Local Impact -

The proposed merger of DTZ and Cushman & Wakefield should have “very little impact” on Memphis-based Cushman & Wakefield/Commercial Advisors, according to a high-ranking company official.

35. Opportunities for ‘B’ Buildings in ‘A’ Markets -

Perched on floor 31 of the iconic Clark Tower office building in East Memphis, immigration attorney Eric Henton offers clients from around the Southeastern U.S. an incredible view of Memphis.

“The first thing my clients generally notice when they walk into my office is how beautiful, calm and green Memphis looks from above,” Henton said. “In many cases, my clients have never been up so high and it is fun to watch their reaction.”

36. Rodgers Takes Reins at Collierville Chamber -

Kanette Keough-Rodgers recently took over as president/CEO of the Collierville Chamber of Commerce after the chamber’s transition team selected her from more than 170 candidates.

In her new role, Rodgers is responsible for retaining and expanding chamber membership by ensuring members receive relevant, responsive and timely services, initiatives, programs and events. She is also responsible for forging and sustaining relationships with community, government and educational institutions.

37. US Factory Orders Rise in March for First Time in 8 Months -

WASHINGTON (AP) – Orders to U.S. factories rose in March for the first time since last July, breaking a long stretch of weakness in manufacturing.

Orders increased 2.1 percent following seven monthly declines, the Commerce Department reported Monday. And in further good news, orders in a key category that tracks business investment plans eked out a 0.1 percent rise. It was the first advance in this category since last August.

38. Rieger Begins Work at Memphis Chamber -

Tom Rieger recently joined the Greater Memphis Chamber as senior vice president of member development, a role in which he will oversee major fundraising activities, conduct membership drive campaigns and implement revenue enhancement opportunities.

39. Office, Industrial Real Estate Rebounds in First Quarter -

In a sure sign that the local economy is in rebound mode, the Memphis-area commercial real estate market is heating up with the industrial and office sectors producing strong gains.

Fueled by strong demand and tightening of available space, rental rates for Class A space in East Memphis, the city’s primary business district, are approaching pre-recession levels, according to a new report.

40. Events -

JETS Memphis (Jet & Engine Trading Society) will host its second annual evening reception Wednesday, April 22, from 6 p.m. to 8 p.m. at the Memphis Rock ‘n’ Soul Museum, 191 Beale St. The commercial aviation business and networking event will include heavy hors d’oeuveres, drinks, and rock and soul music. Visit team.aero/jetsmemphis to RSVP.

41. Bristol on Union, Crowne Plaza Poised For Sales -

Two key pieces of commercial real estate – one Downtown and one in the Memphis Medical District – are poised to trade hands.

A joint venture between New York-based DRA Advisors LLC and Memphis-based Fogelman Properties LLC have entered into an agreement to acquire the 220-unit Bristol on Union apartment community at Union Avenue and Interstate 240 from Sentinel Real Estate Corp, which has owned and operated the property since 2006.

42. Bristol on Union, Crowne Plaza Memphis Poised for Sales -

Two key pieces of commercial real estate – one Downtown and one in the Memphis Medical District – are poised to trade hands.

A joint venture between New York-based DRA Advisors LLC and Memphis-based Fogelman Properties LLC have entered into an agreement to acquire the 220-unit Bristol on Union apartment community at Union Avenue and Interstate 240 from Sentinel Real Estate Corp, which has owned and operated the property since 2006.

43. Pinnacle Awards Honor Commercial Real Estate Standouts -

The local commercial real estate community gathered at the Memphis Botanic Garden Thursday, April 9, for the 14th annual Pinnacle Awards. Every year, the Memphis Area Association of Realtors Commercial Council honors its members based on their transactional volume, merit and community activity.

44. Workforce Group Elects Downtown for Office -

The Greater Memphis Alliance for a Competitive Workforce has found a headquarters location Downtown, leasing 2,967 square feet at the One Commerce Square office tower.

The alliance aims to produce a united regional workforce development system by generating extensive workforce data, creating a pipeline of ready-to-work employees, crafting career roadmaps for workers and students and helping meet the near-term employment needs of local employers.

45. Daily News Names Managing Editor -

Jane A. Donahoe has joined The Daily News Publishing Co. as managing editor. In her new role, she oversees award-winning coverage of business and government news for both The Daily News and The Memphis News.

46. Holding On -

The national outlook for traditional enclosed malls is bleak. No new enclosed mall has been built in the U.S. since 2006. More than 24 have closed since 2010, and an additional 60 are teetering on the edge, according to data from Green Street Advisors. Around 15 percent of malls nationwide are expected to close in the next decade.

47. Memphis Industrial Portfolio Sells for $86.3 Million -

A Minnesota-based real estate investment trust has acquired a large Memphis industrial portfolio for $86.3 million, one of the largest transactions ever recorded in the Memphis market.

Welsh Property Trust acquired the six-building, 2.3 million-square-foot portfolio from DCT Industrial Trust in a sale that was finalized last week. Built between 1998 and 2001, the six buildings are located in the Eastpark, Chickasaw and Southpoint Industrial Parks. The purchase price breaks down to about $37 per square foot.

48. Memphis Industrial Portfolio Sells for $82.6 Million -

A Minnesota-based real estate investment trust has acquired a large Memphis industrial portfolio for $82.6 million, one of the largest transactions ever recorded in the Memphis market.

Welsh Property Trust acquired the six-building, 2.3 million-square-foot portfolio from DCT Industrial Trust in a sale that was finalized last week. Built between 1998 and 2001, the six buildings are located in the Eastpark, Chickasaw and Southpoint Industrial Parks. The purchase price breaks down to about $37 per square foot.

49. Boyle Unveils New Office Building Design -

Boyle Investment Co. is offering the first glimpse of the new office building the company is planning near Poplar Avenue and Shady Grove Road.

50. Commercial Advisors Asset Services Sees Strong Growth -

Kemp Conrad joined the asset services team at Cushman & Wakefield/Commercial Advisors in 2007 after CB Richard Ellis acquired his former employer, Trammel Crow Co.

51. Real Estate Pros Upbeat -

After finally latching on to the broader national economic recovery in 2013, the Memphis-area commercial real estate market shook of the last vestiges of the Great Recession and roared back to life in 2014 with the office, retail, industrial and apartment sectors all producing solid gains.

52. 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.

53. Crone Promoted at Trane Mid-South -

Jim Crone has been promoted to comprehensive solutions business development manager with Trane Mid-South. In his new role, Crone will work with large commercial, industrial and institutional customers throughout the Mid-South to develop performance-based comprehensive solutions for capital improvements and operational efficiencies.

54. Sprouts Opening Lakeland Store May 13 -

Sprouts Farmers Market, a fast-growing specialty grocery chain, has set an opening date for its first Memphis-area store.

Phoenix-based Sprouts, which replicate the look and feel of an indoor farmers market and specialize in fresh, organic and healthy food, will open a 28,000-square-foot store in a former Kroger at 9050 U.S. 64 in Lakeland on May 13.

55. Planned Downtown Hotel Features Urban Design -

A new rendering of a proposed LaQuinta Inn & Suites hotel at Union Avenue and Danny Thomas Boulevard Downtown shows a more urban design than a previous stock rendering sent to city and county planners.

56. Raymond James Tower Fetches $20 Million -

How much is a 21-story skyscraper overlooking the Mississippi River worth? About $1 million a floor.

New York-based investor Jacob Sofer will pay Parkway Properties around $20 million for the Raymond James Tower at 50 N. Front St. Downtown, according to several people with knowledge of the transaction. The Shelby County Assessor of Property’s 2014 appraisal for the 340,000-square-foot building is $24 million.

57. Tanger Outlets Confirms Southaven Involvement -

Tanger Factory Outlet Centers Inc. has confirmed what The Daily News first reported in December: It will play a key role in the development of a massive outlet mall in Southaven.

58. Memphis Industrial Market Rebounds in 2014 -

The upswing in the industrial real estate sector that started in 2012 and gained momentum in 2013 continued in 2014 and the Memphis market, fueled by several large transactions late in the year, should top 2013's level of around 3.2 million square feet of absorption.

59. Big Deals Highlight 2014 Real Estate -

In Inked, we like to highlight local real estate transactions and the often-interesting companies leasing or buying commercial real estate space in the Memphis market. We also like to keep you informed about major deals before they happen and track companies that are critical to the local economy. Here are some important items that appeared in Inked in 2014.

60. Memphis Resolutions -

The end of the year hastens a season of resolutions about the year ahead, resolutions about what to include on the blank canvas of a new year.

No matter who you are, the road to 2015 starts at the same place – through the experience of 2014. With that in mind, we surveyed many of the people we’ve covered in these pages in the last year to talk about the possibilities ahead.

61. Grassroots Growth -

In 2007, Greg Spillyards was part of a team at CB Richard Ellis Memphis tasked with reviving the dog-eared Bellbrook Industrial Park.

The project struck close to Spillyards’ heart.

Born in Pine Bluff Ark., and raised in Memphis, Spillyards originally entered the world of commercial real estate to help transform communities from the ground up, the kind of effort that restoring Bellbrook would take.

62. E-Commerce Shift Could Benefit Region -

The Target online distribution center slated to open in Memphis next year is not only a major jobs generator in an area desperate for them, it could signal the region’s arrival as an e-commerce-based distribution hub, according to real estate experts.

63. Conn’s Inc. to Open Second Store in Memphis -

Specialty retailer Conn’s Inc. will open a second store in Memphis, the second of possibly three stores the Texas-based home appliances and furnishings chain plans to open in Tennessee.

64. Spillyards Leads Community Advisors Launch -

Greg Spillyards has joined the brokerage team at Cushman & Wakefield/Commercial Advisors to launch the firm’s Community Advisors service line.

Community Advisors is focused on the Memphis city core, with a goal to provide real estate advisory services to assist in the revitalization of the city’s underserved areas with passion, creativity and entrepreneurship, and with service to those already living and leading in their neighborhoods.

65. Loeb Buys Office Complex in Heart of East Memphis -

Loeb Properties has acquired an office complex in the heart of East Memphis, the company’s first major acquisition since it bought Overton Square in July 2012.

Memphis-based Loeb Properties purchased Executive Square, a 40-suite professional office complex at Poplar Avenue and Yates Road in East Memphis, from F. William Hackmeyer for $3.85 million.

66. Hillwood to Launch Two Spec Buildings in DeSoto County -

A Texas-based development firm will start turning dirt soon on a massive new business park in DeSoto County.

Hillwood Investment Properties is expected to begin site work in around 30 days on Legacy Park, a 266-acre distribution and business park on the south side of Goodman Road, just east of Hacks Cross Road near Polk Lane.

67. Midtown Success Highlights Commercial Real Estate Growth -

Loeb Properties Inc. plans to build on the momentum it has created at Overton Square while turning its attention to other parts of Midtown.

68. Mississippi Company Waited Years to Acquire The Horizon -

Walker Thrash, principal of Dawn Properties Inc., first heard about The Horizon shortly after work on the ambitious condominium tower overlooking the Mississippi River ground to a halt in 2009.

69. Real Estate Rally -

Commercial real estate can offer insight into the strength of the local economy. Through the office, retail, industrial and apartment developments that mark the region the economy at work in the real world can be seen.

70. Willow Lake Sales Positive News For The Market -

The sale this week of five properties inside Willow Lake Business Park and Corporate Park for $4.2 million was welcome news for several reasons.

For one, true owners tend to take much better care of properties and market them more aggressively than special servicers like Bethesda, Md.-based CWCapital Asset Management.

71. Three Companies Seek PILOTs for Projects -

Three companies – including a wing of Memphis-based FedEx – are considering investing more than $25 million in Memphis for new distribution operations that would create 272 new jobs.

“It's always good to see FedEx expanding and the other two projects appear to be new to Memphis,” said Kemp Conrad, principal of Cushman & Wakefield/Commercial Advisors. “This balanced growth is encouraging and we expect more good news later in the fourth quarter."

72. The Horizon Sells to Mississippi Developer for $13.5 Million -

A Mississippi-based developer has acquired the uncompleted Horizon condominium tower overlooking the Mississippi River in Downtown.

Dawn Properties Inc. of Hattiesburg, which is primarily involved in the acquisition, development and management of multifamily properties, has purchased the 16-story, 155-unit tower for $13.5 million and plans on completing the luxury condominiums.

73. Olive Branch Business Park Closer to Development -

A Texas-based development firm could start turning dirt soon on a massive new business park in Olive Branch.

Hillwood Investment Properties is expected to close on a land purchase next week that will clear the way for Legacy Park, a 265-acre distribution and business park on the south side of Goodman Road, just east of Hacks Cross Road near Polk Lane.

74. Stuttering Foundation's Fraser Honored for Service -

Jane Fraser, president of the Memphis-based Stuttering Foundation of America, has received an honorary fellowship from the London-based Royal College of Speech & Language Therapists. She was selected for her distinguished service in promoting the profession of speech and language therapy. Fraser, whose father started the nonprofit Stuttering Foundation in 1947, has served as its president since 1981.

75. Cummins Eyes Memphis Site for Expansion -

Cummins Inc. is eyeing a Memphis property for a planned expansion of the company’s distribution operations, a move that would be welcome news for Memphis officials.

76. Marx-Bensdorf Expands in East Memphis -

A prominent Memphis realty company has expanded its presence in East Memphis. Marx-Bensdorf Realtors has grown in the office building at 5860 Ridgeway Loop Blvd. by 526 square feet, bringing its total to 4,653 square feet.

77. Home Builders Group Buys Building for Headquarters -

The West Tennessee Home Builders Association has paid $4.4 million for an office building at 5400 Poplar Ave. in East Memphis that will house the organization’s new headquarters.

78. Steffner Adds SIOR Role to Real Estate Resume -

Since Joe Steffner opened his own commercial real estate firm 10 years ago, the industry veteran has had a front row seat to some wild changes in the industry.

He experienced everything from the boom days of the early- and mid-2000s to the depths of the recession and its crushing aftermath as the decade ended.

79. Source: Horizon Under Contract To Be Purchased -

The Horizon, an uncompleted 16-story residential tower overlooking the Mississippi River on the southern end of Downtown, could change hands soon.

A yet-to-be-identified buyer is under contract to purchase the tower, according to sources familiar with the effort.

80. Tubbs Joins Humane Society as Development and Marketing Director -

Nikki Tubbs has joined the Humane Society of Memphis & Shelby County as director of development and marketing, responsible for developing and executing the humane society’s fundraising plan, overseeing special events and securing sponsorships, and supervising supplemental development programs and the development team.

81. Springing to Life -

When Ridgeland, Miss.-based development firm the Bryan Co. broke ground on The Horizon condominium tower in 2007, it was at the peak of the housing bubble and optimism from elected officials and Downtown boosters was equally high.

82. US Factory Orders Rise 1.1 Percent in June -

WASHINGTON (AP) – Orders to U.S. factories increased in June, led by demand for aircraft, industrial machinery and computers and electronics.

Orders rose a seasonally adjusted 1.1 percent compared to the previous month, the Commerce Department reported Tuesday. Factory orders had fallen 0.6 percent in May after three straight months of gains.

83. Dohmen Life Science Adds Space in SE Memphis -

Dohmen Life Science Services is expanding its footprint in Southeast Memphis.

The operator of the pharmaceutical logistics company DDN recently inked lease renewals and an expansion that pushed its occupancy to 628,000 square feet.

84. Pathmark Inks Lease at I-Bank Tower -

A longtime third-party logistics company is on the move.

Pathmark Transportation Co., which was started in 1984 as a subsidiary of petroleum marketing company Pathmark International before becoming a national logistics provider, has signed a new lease for 3,800 square feet at the i-bank Tower on Poplar Avenue in East Memphis.

85. Cushman & Wakefield Adds Yates to Capital Markets Team -

Alex Yates has joined the Cushman & Wakefield/Commercial Advisors Capital Markets team as vice president, assisting and executing investment sales, debt/equity placement and development advisory projects. Yates’ efforts will be heavily concentrated in multifamily and retail, but he will focus on other product types as well.

86. ‘Significant Headwinds’ -

When Gov. Bill Haslam joined local economic development and civic officials at FedExForum in January to announce that Conduit Global would open a call center in Shelby County that would employ 1,000 people over the next three to five years, it provided a much-needed boost to the local office real estate sector.

87. Hollingsworth Buys Mississippi Industrial Property -

The Hollingsworth Cos., which operates a prominent industrial development company with holdings across the South, has acquired an industrial building in Senatobia, Miss.

Clinton, Tenn.-based Hollingsworth recently acquired the 198,450-square-foot building at 795 Shands Bottom Road in Senatobia from BMW.

88. Team Setting -

In February, three executives at the Church Health Center moved into a shared office space.

After working in separate silos in separate buildings, which created its own set of headaches, Chief Administrative Officer Jennie Robbins, Chief Operating Officer Michaela Sturdivant and Chief Strategic Officer Ann Langston moved into a new world – an office that all three would use.

89. FedEx Seeks Office Space as Needs Shift -

FedEx Corp. is currently looking for 25,000 square feet of office space in the Memphis market, according to several real estate brokers.

90. Dykes Joins Family Safety Center as Controller -

Janet Dykes has joined the Family Safety Center, Memphis and Shelby County’s center for victims of domestic violence, as controller. In her new role, she is responsible for all finance, accounting and human resources functions, in addition to providing leadership and coordination in the organization’s administrative, business planning, accounting and budgeting efforts.

91. Bourland Heflin to Expand, Renovate Poplar Home -

A Memphis law firm is expanding its East Memphis office and improving public areas for clients and visitors.

Bourland Heflin Alvarez Minor & Matthews PLC renewed and expanded its lease in the 5400 Poplar Ave. office building.

92. Real Estate ‘Titans’ Share Industry Advice -

In the 1980s Dan Wilkinson and Robert Snowden were deeply involved in developing Memphis International Airport Center.

93. Area Industrial Market Poised for Solid Year -

All signs are pointing toward a strong year for the Memphis-area industrial market.

The Memphis market closed the first quarter with 897,829 square feet of absorption and the total vacancy rate for the Memphis market – 10.8 percent - is the lowest the market has experienced in 14 years, according to CB Richard Ellis Memphis.

94. Eastgate Set for Possible Makeover -

A venerable shopping center in East Memphis could be getting a significant makeover, according to a recent retail market report from CB Richard Ellis Memphis.

Eastgate Center LLC, the owner of Eastgate Shopping Center at Park Avenue and White Station Road in East Memphis, could make significant aesthetic improvements to the retail center beginning this year.

95. Stephens Joins Maintenance Team at Commercial Advisors -

Timothy Stephens has joined Cushman & Wakefield/Commercial Advisors as a maintenance mechanic at One Commerce Square. In his new role, Stephens will performing plumbing, painting and general maintenance services.

96. Pahlow Wins Broker of the Year -

After enduring early struggles in his commercial real estate career, Scott Pahlow has reached the top of his industry.

Pahlow, an executive vice president with Newmark Grubb Memphis, was named Commercial Broker of the Year Thursday night at the Memphis Area Association of Realtors Commercial Council’s 13th annual Pinnacle Awards gala.

97. Exeter Property Group Acquires Industrial Portfolio -

Exeter Property Group has acquired a 4.4 million-square-foot industrial portfolio – including four properties in Memphis – for $132 million.

Exeter recently acquired the properties located in Memphis, Nashville and Columbus, Ohio, from LNR Property LLC, a special servicer appointed to the portfolio upon its transfer from London-based Strategic Realty Advisors Ltd. in June 2013.

98. MalmoMemphis Completes Three Law Firm Leases -

Three Memphis law firms represented by MalmoMemphis Real Estate Inc. have renewed their office leases or leased new spaces.

99. Butler Sevier Law Firm Expands Downtown -

Butler, Sevier, Hinsley & Reid PLLC law firm has expanded its presence at 88 Union Ave.

100. Ellis Joins State Systems As Sales Executive -

Alisa Ellis has joined State Systems Inc. as a low voltage sales executive. She brings 16 years of telecommunications experience to the company, which offers protection products and services, including fire protection equipment, training and cleaning services, as well as technology services such as network integration, cabling systems and wireless support.