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Editorial Results (free)

1. Falls Building Owner Files $6 Million Loan -

The owner of the Falls Building at 22 N. Front St. has filed a $6 million loan for the Downtown high-rise office tower.

2. East Memphis Office Market Continues To Tighten -

Class A office space in East Memphis continues to be a strong performer thanks to the convenience and quality of buildings radiating from the Poplar/Interstate 240 intersection.

“East Memphis is a real bright spot regionally because if you look at the overall Memphis market it is a bit flat,” said Kemp Conrad, president of Cushman & Wakefield/Commercial Advisors Asset Services. “The East submarket, especially with Class A space, is very strong and dynamic, with strong tenants and strong institutional ownership.”

3. East Memphis Office Market Continues to Tighten -

Class A office space in East Memphis continues to be a strong performer thanks to the convenience and quality of buildings radiating from the Poplar/Interstate 240 intersection.

“East Memphis is a real bright spot regionally because if you look at the overall Memphis market it is a bit flat,” said Kemp Conrad, president of Cushman & Wakefield/Commercial Advisors Asset Services. “The East submarket, especially with Class A space, is very strong and dynamic, with strong tenants and strong institutional ownership.”

4. State Delays Office Lease Announcement -

Groups hoping to garner the state’s real estate needs Downtown will have to wait a little longer to find out if they placed the winning bid.

The state had originally planned to issue a notice of awarding the lease for its office space needs Tuesday, July 23, but that date has been changed to Aug. 19, when the executive subcommittee of the State Building Commission meets.

5. Test Drive -

When car sharing meets the parking and driving practices of Memphians on the streets of Downtown, the encounter could go so many ways between bad and good.

So when Zipcar parked four cars in four on-street parking spaces Downtown last month, there were a lot of questions first about how car sharing works but also about whether the national trend would apply to a city with a unique driving culture.

6. Changing Market -

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.

7. Palmer Joins Cannon Wright Blount As Director of Assurance -

David Palmer has joined Cannon Wright Blount certified public accounting firm as director of assurance and accounting services. Palmer’s specialties include audit and profit-sharing plans in the nonprofit, health care, government and construction industries.

8. ‘Perfect Storm’ -

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.

9. Hertz Closes On Memphis CRE Portfolio -

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.

10. Sullivan Inks Lease For Toyota Ctr. -

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.

11. Sullivan Branding Inks Toyota Center Deal -

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.

12. ‘The Rat’ at Rhodes Gets Makeover -

Rhodes College has filed an $11 million permit with the city-county Office of Construction Code Enforcement to expand and renovate its main dining hall facility.

Known by students as “The Rat,” Catherine Burrow Refectory opened in 1958 and has three dining areas – Neely Hall, Hyde Hall and Rollow Hall. Smaller meeting rooms include the Alburty Room, the Davis Room and the Bell Room.

13. Legislation Could Alter Interior Design Industry -

When a patient makes a doctor’s appointment or a homeowner hires an architect for a renovation project, he or she expects that doctor or architect to be a professional. And that term “professional” is measurable.

14. Avent Joins Smith Seckman Reid -

Justin Avent has joined Smith Seckman Reid Inc. as a civil engineer for its environmental group.

15. One Commerce Square Sale Tied Up In Court Dispute -

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.

16. Archived Article: Marketplace - New crop of enthusiasts changing the landscape

New crop of enthusiasts changing the landscape

By ANDREW BELL

The Daily News

When Peggy Mullins husband, Mark, retired from the work force last year, space to move around in the flowerbed of...

17. Archived Article: Penske Bott - By SUZANNE THOMPSON Penske Truck Leasing near completion of Whitten Road site $4 million maintenance facility contains almost 1,700 square feet By SUZANNE THOMPSON The Daily News Construction is nearing completion on a $4 million retail and truck ma...