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Editorial Results (free)
1.
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.
2.
Center City Revenue Finance Corp. to Consider Brinkley Plaza Tax Break -
Thursday, November 08, 2012
The Downtown Memphis Commission’s Center City Revenue Finance Corp. (CCRFC) has a full agenda for its Tuesday, Nov. 13, board meeting, with leasing and financing requests for Brinkley Plaza, Toyota Plaza and the Peabody Hotel Tract.
3.
Commercial Advisors Capital Markets to Zero In on ‘Untapped Segment’ -
Friday, October 12, 2012
Cushman & Wakefield/Commercial Advisors Asset Services LLC has launched a Capital Markets Group, a new service line to complement the firm’s tenant representation and third-party leasing and management businesses.
4.
‘Perfect Storm’ -
Tuesday, July 03, 2012
Office sublease space reached a record high in the first quarter, and local experts are forecasting even more leases from one lessee to another to hit the market prior to year-end.
Office subleasing totaled 600,664 square feet during the first three months of the year, according to Cushman & Wakefield/Commercial Advisors LLC’s Q1 office market report. That’s nearly 14 percent of total available space.
5.
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.
6.
Hertz Closes On Memphis CRE Portfolio -
Wednesday, April 04, 2012
Hertz Investment Group LLC has completed its acquisition of five Memphis office buildings, marking the firm’s return to the Bluff City and focus shift to secondary and tertiary markets.
7.
Parkway Completes Sale of Renaissance Center -
Tuesday, March 13, 2012
Parkway Properties Inc. has completed the sale of its interest in Renaissance Center – a 190,000-square-foot, Class A office building at 1715 Aaron Brenner Drive in the Poplar Avenue corridor – to partner Parkway Properties Office Fund LP.
8.
Sullivan Inks Lease For Toyota Ctr. -
Wednesday, February 29, 2012
Sullivan Branding has finalized its lease in the Toyota Center, where it will move about two-thirds of its workforce by the end of the week.
About 40 of Sullivan Branding’s 65 Memphis employees will relocate from 400 Union Ave. to occupy approximately half of the sixth floor of the 175,000-square-foot, eight-story Downtown office building at 175 Toyota Center, near the intersection of Third and Union.
9.
Sullivan Branding Inks Toyota Center Deal -
Tuesday, February 28, 2012
Sullivan Branding has finalized its lease in the Toyota Center, where it will move about two-thirds of its workforce by the end of the week.
About 40 of Sullivan Branding’s 65 Memphis employees will relocate from 400 Union Ave. to occupy approximately half of the sixth floor of the 175,000-square-foot, eight-story Downtown office building at 175 Toyota Center, near the intersection of Third and Union.
10.
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.
11.
Parkway Properties Reports Net Loss of $137 Million -
Wednesday, February 08, 2012
Parkway Properties Inc. reported a net loss of $137 million for the year ended Dec. 31, compared to a net loss of $8.9 million for the year prior, as the company works to realign its investment strategy by exiting noncore markets, including Memphis.
12.
Parkway Sells Most of Local CRE Portfolio -
Monday, January 09, 2012
Parkway Properties Inc. has sold the majority of its Memphis portfolio, totaling 672,247 square feet, to Hertz Investment Group LLC.
13.
Parkway Sells Majority of Memphis Portfolio -
Friday, January 06, 2012
Parkway Properties Inc. has sold the majority of its Memphis portfolio, totaling 672,247 square feet, to Hertz Investment Group LLC.
The news is part of Parkway’s contract to sell a portfolio of 15 non-core assets spanning 1.9 million square feet in Memphis, Jackson, Miss., and Richmond, Va., for a gross sale price of $147.5 million. Parkway announced the disposition of Falls Building, Forum I, II & III, and Toyota Center in the same Thursday, Jan. 5, statement that announced the date of its fourth quarter 2011 earnings release and conference call.
14.
Peeples Promoted to Administrator At Methodist Alliance Health Services -
Wednesday, March 19, 2008
Trip Peeples has been promoted to administrator for Methodist Alliance Health Services' Home Medical Equipment and Infusion division.
Peeples has been with Methodist Le Bonheur Healthcare for seven years, most recently serving as corporate director of finance and reimbursement and interim chief financial officer for Methodist Extended Care Hospital.
15.
One Commerce Square Sale Tied Up In Court Dispute -
Wednesday, August 15, 2007
The parties involved in a proposed sale of Downtown's One Commerce Square building for nearly $31 million, a deal that fell apart back in March, are still haggling in court over part of the transaction.