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Editorial Results (free)

1. Buzz Around Spec Office Space Starts to Swirl -

International Paper Co.’s new office tower in East Memphis is under construction now, but it’s been four years since the last speculative office building opened its doors in Memphis.

2. Mary Carter Decorating Center to Grow, Relocate -

A venerable Memphis cake decorating and supply store is moving to a new location on Summer Avenue.

Mary Carter Decorating Center signed a 4,800-square-foot lease in Cloverleaf Shopping Center at 733 N. White Station Road.

3. Change of Scenery -

After spending years or decades in their current form, longtime staples of the local real estate scene are about to disappear or undergo major changes that will forever alter the city’s built landscape.

4. Cozymel’s Site Could Grow in Scope -

Now that the old Cozymel’s restaurant has been razed, public documents shed light on what is in store for the Poplar Avenue property.

A site plan approved last year by the Land Use Control Board said Robert Fogelman was seeking to develop a two-story, 32,000-square-foot building for a bank and office space.

5. Documents Shed Light on Future of Cozymel’s Site -

Now that the old Cozymel’s restaurant has been razed, public documents shed light on what is in store for the Poplar Avenue property.

A site plan approved last year by the Land Use Control Board said Robert Fogelman was seeking to develop a two-story, 32,000-square-foot building for a bank and office space.

6. Cozymel's Property Comes Down -

The first financial ripples from International Paper Co.’s decision to build a fourth tower at its East Memphis campus are seeping out.

7. Commercial Practitioners Have Voice With Council -

The Memphis Area Association of Realtors Commercial Council has grown and evolved over the past nine years since its inception, with membership increasing from 150 members in 2004 to more than 350 members this year.

8. Panther Properties Buys Two Cordova Apartments -

2350 N. Houston Levee Road and 2323 N. Houston Levee Road

9. Highwoods Buys Land for International Paper Expansion -

Highwoods Realty LP has bought two parcels of East Memphis land totaling about 5.1 acres that will be used for International Paper’s headquarters expansion.

10. Reappraisal to Impact Office Market -

For the first time in history, the property value of the once-every-four-year reappraisal is going down, and it has some commercial real estate property owners concerned.

Although how much the value decreases won’t be official until April 20, the first formal notices of 2013 Shelby County property values for taxation purposes were mailed at the beginning of this month to owners of commercial and industrial cost properties.

11. Apperson Crump Expands in Triad III -

Memphis’ oldest continuously practicing law firm is expanding its presence in Triad III.

Apperson Crump PLC added 2,037 square feet to its seventh floor space in a vacant adjacent area between Silverleafe Capital Partners LLC.

12. Pinnacle Awards Entries Due Friday -

The deadline for local commercial real estate brokers to enter the 12th annual Pinnacle Awards is Friday, Feb. 15.

The Memphis Area Association of Realtors Commercial Council will honor those top producers in the industry at an April 25 ceremony at the Memphis Country Club, 600 Goodwyn St.

13. BenchMark to Relocate, Restructure -

BenchMark at Southwind Realtors LLC will soon relocate its Southeast Memphis office, add agents, integrate technology into its business practices and go paperless in one fell swoop.

14. 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.

15. Southwind Homewood Suites Sells for $6.5 Million -

3583 Hacks Cross Road Memphis, TN 38125

Sale Amount: $6.5 million

Sale Date: Nov. 2, 2012

16. $1.3 Million Permit Filed for The Capital Grille -

Orlando, Fla.-based Darden Concepts Inc. has filed a $1.3 million permit application with the city-county Office of Construction Code Enforcement to build The Capital Grille on an outparcel of the Crescent Center in East Memphis.

17. CashSaver Trades Hands for $3.2 Million -

The CashSaver in Midtown has traded hands. 

Kansas City, Kan.-based Super Market Developers Inc. bought the 69,017-square-foot building at 1620 Madison Ave. at Avalon Street from 1620 Madison LLC for $3.2 million. Fred Monks III, president/chief manager of 1620 Madison LLC, signed the special warranty deed.

18. DeWitt to Steer Council With Passion for Real Estate -

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. National Capital Management Expands -

National Capital Management LLC has expanded by 3,900 square feet on the third floor at Southwind Office Center A, bringing the company’s total lease to 12,253 square feet.

20. In-Rel Outsources Office Leasing -

In-Rel Properties Inc. has outsourced its Memphis office leasing to Cushman & Wakefield/Commercial Advisors LLC, following months of changes up top for the Lake Worth, Fla.-based real estate firm.

21. In-Rel Outsources Office Leasing -

In-Rel Properties Inc. has outsourced its Memphis office leasing to Cushman & Wakefield/Commercial Advisors LLC, following months of changes up top for the Lake Worth, Fla.-based real estate firm.

22. Office Opportunities -

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.

23. Awards Just One Facet Of Comm. Council -

This year marks a decade of existence for the Memphis Area Association of Realtors’ Commercial Council, the trade organization for the commercial real estate profession and its related sectors.

The council has about 325 members whose professions include commercial developers, brokers, property managers and other related CRE careers. Two of the council’s main events each year are the Commercial Property Forecast Summit, held in February, and the Pinnacle Awards, which honor the highest-producing commercial brokers each spring.

24. Monroe Ave. Bldg. Sells For $3.3M -

A fully leased Downtown office building has traded hands for more than twice its assessed value.

309 Monroe Property LLC purchased the 22,792-square-foot property at 309 Monroe Ave. for $3.3 million. The Shelby County Assessor of Property’s 2011 appraisal was $1.5 million.

25. Mercer Ready to Steer MAAR Commercial Council -

John Mercer does not take over as 2012 president of the Memphis Area Association of Realtors Commercial Council until Jan. 1, but he is already working hard planning several big MAAR events for early next year.

26. Crye-Leike Inks Car Dealership, Industrial Deals -

Bill Caller with Crye-Leike Commercial has brokered a pair of sales in recent weeks that enable the new users to occupy second-generation space.

Nihal Khwaja with Best Deal Motors purchased the 2-acre former car lot at 5648 Summer Ave. for $150,000.

27. Owners, Brokers Work Harder To Seal Deals -

Whether it’s a new lease or a renewal, industrial and office deal cycles are taking more time than normal due to fear, indecisiveness, doubt and a higher level of scrutiny in the negotiating process.

28. Highwoods Properties’ Q2 Funds Down to $45.8 Million -

Highwoods Properties Inc.’s second-quarter funds from operations was $45.8 million – down from $48.7 million during the same period last year – the company announced Thursday, July 28, in its second-quarter earnings conference call.

29. Sharp Optimistic About Future of CRE -

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

30. Dollar General Building Store On Jackson In N. Memphis -

Plans for a new Dollar General store in the city’s North submarket are under way. Ware Properties LLC purchased 9,100 square feet of vacant land at 3433 Jackson Ave. from Hector Tejeda in May for $140,000, according to the Shelby County Register of Deeds. The Shelby County Assessor of Property’s 2011 appraisal of the parcel was $109,200.

31. Cable Service Provider Signs New Lease -

A Madison, Tenn.-based cable service provider is taking advantage of lower rates in a competitive leasing environment.

FTS USA has signed a 4,002-square-foot lease in East Pointe Business Center, 3915 S. Mendenhall Road.

32. Ridgeway Trace’s Success Fills ‘Huge Void’ -

A dramatic change to the retail landscape in East Memphis began in February of 2005 with one phone call.

Danny Buring, managing partner of The Shopping Center Group, made that call to the owner of the Ridgeway Trace Apartments, located on the southeast corner of Poplar Avenue and Interstate 240.

33. Black Equip. Supply Grows Memphis Presence -

Black Equipment Supply is relocating its Memphis presence to a space that nearly doubles the size of the firm’s former location.

The company will vacate its 14,000-square-foot space off Cherry Road and has signed a 25,372-square-foot lease at Shelby Air Park, 4570 Shelby Air Drive, suite 8.

34. Myers Tire Finds ‘Ideal’ Spot in Miss. -

Airways Distribution Center at 8474 Marketplace Drive in Southaven is nearly at capacity with a new lease.

35. Dotzour Outlines CRE Future at MAAR Summit -

For this year’s version of the commercial real estate industry to differ from 2010, the economy needs one thing – jobs.

That was the message Mark Dotzour, chief economist and director of research for the Real Estate Center at Texas A&M University, told a room full of local brokers, bankers and appraisers at Wednesday’s Commercial Property Forecast Summit, held at the Germantown Performing Arts Centre and sponsored by the Memphis Area Association of Realtors Commercial Council.

36. Summit to Provide Insights for CRE Market -

Commercial real estate professionals will soon have the opportunity to gain insight on local and national issues that have an effect on Memphis business.

The eighth annual Commercial Property Forecast Summit, presented by the Memphis Area Association of Realtors Commercial Council, will provide reviews and forecasts of four local commercial real estate sectors.

37. Highwoods Extends Tenants at Southwind Office Center -

Raleigh, N.C.-based Highwoods Properties Inc. has signed two deals at its Southwind Office Center, a 62,000-square foot, three-story building with views of the Tournament Players Club at Southwind golf course.

38. Yogurt Craze Continues with TCBY Store -

A TCBY franchise has signed a 1,225-square-foot lease in University Center, 3445 Poplar Ave., at the southwest corner of Poplar and Highland Street.

39. Riley Poised to Lead MAAR Commercial Council in 2011 -

Ron Riley launched his sales career by selling copiers and printers at Xerox Corp. shortly after receiving his bachelor’s degree in business from the University of Memphis.

40. Moving Forward -

As the commercial real estate market remained soft in 2010, a handful of major deals – including some to close the year – indicated light at the end of the tunnel.

The year ended with the top retail investment sale of the year when Loeb Properties Inc. bought Park Place Centre from Belz Enterprises Inc. for $10.3 million.

41. EMHC Moving to Appling Farms, Doubling in Size -

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.

42. Seeking Stability -

The commercial real estate market is poised for a comeback in 2011, as investment sales show signs of recovery and occupancy slowly improves to meet supply.

Shelby County’s commercial sales during the past 12 months (November 2009 through October 2010) totaled 581, down 6 percent from 620 sales during the previous 12-month period, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

43. Calif. Investor Buys Midtown Apartments -

A vintage apartment complex in Midtown is under new ownership.

Gabrion Properties LLC closed on approximately 20,000 total square feet of space in Cherokee Arms Apartments for $455,000. The three-story apartment complex, 1508 Madison Ave., contains 30 studio apartments with historic vintage architecture.

44. Kent H. Landsberg Co. Doubles Space -

Kent H. Landsberg Co. has finally inked a deal that had been in the works for quite some time.

Landsberg, a packaging, janitorial and food service shipping supply company, stayed in Memphis and expanded when it purchased Wurzburg Inc., a Memphis-based provider of supply-chain logistics and packaging.

45. CBRE Lands Leasing Contract With Parkway -

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.

46. Lending Landscape Remains Bleak -

Commercial and residential construction lenders continue to see slow activity from developers, making it unlikely much dirt will get pushed on new projects in the next several months.

“We are seeing softness in the commercial market in almost all sectors,” said Rick Hall, executive vice president at Renasant Bank. “Not many projects have been presented, and demand is low for new loans.”

47. Highwoods Buys Crescent Center for $52.6M -

Highwoods Properties Inc. has bolstered its already strong position along the Poplar Avenue office corridor by adding an impressive asset.

48. Highwoods Buys Crescent Center for $52.6M -

Highwoods Properties Inc. has bolstered its already strong position along the Poplar Avenue office corridor by adding an impressive asset.

49. Deal 'Huge' For Office Real Estate Market -

The lease that sent Glankler Brown PLLC from Downtown to East Memphis was one of the most significant commercial real estate deals inked all year, even in a city known for its abundance of large industrial transactions.

50. Last Straw? -

News last week that the law firm Glankler Brown PLLC will vacate 39,000 square feet in One Commerce Square signaled another blow to the embattled 31-story tower, a fixture on the Memphis skyline for the past four decades.

51. Glankler Brown Departs Downtown -

Glankler Brown PLLC, a law firm that has been a Downtown mainstay for nearly a century, won’t renew its lease at One Commerce Square and will move to East Memphis.

52. Glankler Brown Departs Downtown -

Glankler Brown PLLC, a law firm that has been a Downtown mainstay for nearly a century, won’t renew its lease at One Commerce Square and will move to East Memphis.

The firm on Friday announced a 10-year, 32,000-square-foot lease with Highwoods Properties at Triad Centre I at Poplar Avenue and Shady Grove Road near Interstate 240, in the heart of the most desirable office corridor in town.

53. Aiken’s Love of Profession Radiates in Commercial Realty Work -

Wyatt Aiken launched his commercial real estate career in 1983, the same year he graduated from Tulane University with an MBA. As the New Orleans native first looked for jobs, he interviewed in a handful of Southeastern U.S. cities, but never considered Memphis.

54. Commercial Real Estate Hangs on for Dear Life -

The pulse of commercial real estate is barely detectable, but the fact that it’s still registering a beat is remarkable considering the trauma it’s suffered over the past year.

From March 2008 through February 2009, commercial sales in Shelby County declined 35 percent compared to the prior 12-month period, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

55. Tight Credit Put Squeeze On ‘08 Commercial Real Estate Sales -

As with the residential sector, 2008 was a year to forget in commercial real estate, which suffered declining sales and endured a nationwide credit crunch throughout the year.

“The big storyline in ’08 was that lenders weren’t lending,” said Johnny Lamberson, senior vice president at CB Richard Ellis Memphis. “It put a real tightening on deals getting done. If deals weren’t highly leveraged, as the year went on it became harder and harder to get transactions closed because nobody was lending money.”

56. Caraway Named ‘Rising Star’ By Midsouth Superlawyers -

Kirk Caraway of Allen, Summers, Simpson, Lillie & Gresham PLLC has been selected as a “Rising Star” in the field of Labor and Employment Litigation by Law & Politics Midsouth Superlawyers publication for 2008.

57. Commercial Real Estate Sales Bleak in October -

Commercial real estate’s downward spiral continued in October, with sales falling by a third compared to the same month a year ago.

Just 64 commercial deals occurred in Shelby County last month, a 33.3 percent decline from 96 in October 2007, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

58. Central Gardens Condominiums Under Renovation -

1676 Central Ave.
Memphis, TN 38104
Loan Amount: $ 750,000

Loan Date: Sept. 18, 2008
Maturity Date: Sept. 17, 2009
Borrower: Belvedere Central LLC
Lender: BancorpSouth Bank

59. Highwoods Properties Acquires PennMarc Building -

Highwoods Properties Inc., operating as Highwoods Realty LP, has bought the PennMarc office building at 6401 Poplar Ave. for $14.5 million.

60. New AT&T Retail Center Slated for Germantown Parkway -

1730 N. Germantown Parkway
Cordova, TN 38016
Sale Amount: $1.3 Million

Sale Date: May 6, 2008
Buyer: Retail Realty Partners LLC
Seller: First Capital Bank
Loan Amount: $2 million
Loan Date: May 12, 2008
Maturity Date: May 12, 2015
Lender: Cadence Bank NA

61. Big Sales Keep Market Afloat -

A retail strip center, a car dealership, land for a fitness center, two cemeteries and a hotel - in that order - ranked as Shelby County's top five commercial real estate sales in terms of dollar amount for March, proving the local market's versatility.

62. MAAR Event Tailored to Commercial Property Reappraisals -

Andy Raines graduated from law school at then-Memphis State University in 1980, the same year Shelby County held its first property reappraisal in nearly two decades.

As a young attorney cutting his teeth on property tax law for Evans and Petree PC, Raines saw firsthand the chaos created by what later would be considered a watershed event.

63. Big-Picture Economics Topic Of Property Summit -

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.

64. Commercial Real Estate Hangs Tight -

The nation's residential housing market may be sinking, but commercial real estate in Memphis has remained afloat.

The city's office sector received a positive checkup for the second quarter of the year as outlined in "2Q 2007 Memphis Office MarketView Report," released this month by the local office of CB Richard Ellis (CBRE).

65. Archived Article -

6125 Shelby Drive
Memphis, TN 38141
Sale Amount: $13.5 million

Sale Date: July 20, 2007

Buyer: NatTennessee GP

66. Poag & McEwen RenovatesEast Memphis HQ -      Poag & McEwen Lifestyle Centers applied July 5 for a $136,274 building permit to renovate and expand its corporate headquarters at 6410 Poplar Ave. inside the International Place business park.
   &nbs

67. Business Growth Leads to Slow Office Rebound -

As more businesses recover from tough economic conditions in recent years, many are realizing a need to expand. The trend is having a big impact on the Memphis-area office market - existing space that has sat vacant for years is slowly beginning to refill.

68. Archived Article: Lead - Germantown Office Park Ready for Business

Germantown Office Park Poised for Growth

ThyssenKrupp considers site in Forest Hill Heights

LANCE ALLAN

The Daily News

Germantown has long been an address for upscale residential communities a...

69. Archived Article: Lead - Changing Market Concerns Some Commercial Investors

Commercial Sales Feel Economic Impact

Interest rates, cap rates fueling real estate activity

LANCE ALLAN

The Daily News

With interest rates holding steady, commercial real estate acti...

70. Archived Article: Real Recap - 6410 Poplar Ave

Highwoods Properties Buys International Place II 6410 Poplar Ave.

Memphis, TN

Cost: $24.6 million

Borrower: HIW-TN LLC

Lender: Massachusetts Mutual Life Insurance Co.

Trustee: W. Rowlett Scott

Property: Internati...

71. Archived Article: Real Review - Highwoods reports third quarter earnings

Highwoods reports third quarter earnings

Highwoods Properties Inc. reported for the quarter ended Sept. 30, funds from operations before minority interest totaled $58.6 million, or 95 cents per diluted ...

72. Archived Article: Real Review - Highwoods begins construction Highwoods begins construction of Memphis Shadow Creek II Highwoods Properties Inc. reported for the quarter ended March 31, funds from operations before minority interest totaled $61.6 million, or 96 cents per diluted s...

73. Archived Article: Real Review - Quantum House goes on auction block Quantum House goes on auction block Jan. 21 The high-tech Quantum House, located in Midtown, goes up for absolute sale this month when John Roebuck and Associates offers the property at auction. Hayes-Wright Const...

74. Archived Article: Real Briefs - Three Memphis housing facilities for low-income elderly or incapacitated residents received a portion of $29 Three Memphis housing facilities for low-income elderly or incapacitated residents received a portion of $29.3 million in federal grants ann...

75. Archived Article: Marketplace (reits) - While stock markets continue roller coaster rides wild enough to send even the most confirmed investor into a selling frenzy, one investment strategy on the backburner since 1998 is beginning to post better numbers in 2000 REIT rebounding in 2000, u...

76. Archived Article: Real Briefs - On August 19, Furrow Auction Company will host an auction of the historic Webb Farm near Jackson, Tenn Furrow Auction Co. will host an auction Aug. 19 of the historic Webb Farm near Jackson, Tenn. The 508-acre farm, called Quinlac, has been owned by...

77. Archived Article: Market Briefs - The state of Tennessee secured almost $2 billion in announced private capital investments in a little more than a week The state of Tennessee secured almost $2 billion in announced private capital investments in a little more than a week. Willamette...

78. Archived Article: Real Focus (reits) - People just arent interested in REITs right now, said David Tannehill, Markets bullish year means bear for some Taking a backseat to techs glamour stocks, real estate investment trusts suffer in 1999 By LAURIE JOHNSON The Daily News Last year was a ...

79. Archived Article: Office Lead - Office starts decline slightly in 3rd quarter Office starts decline, values jump for quarter St. Jude tower, new office projects spur increase through Sept. 30 By LAURIE JOHNSON The Daily News Although the number of building permits filed in the thi...

80. Archived Article: Real Briefs - Mid-America Apartment Communities ResortQuest International Inc. announced pro forma net income for the second quarter ended June 30 increased 54 percent to $2 million from $1.3 million in 1998 on a 22 percent increase in pro forma revenue to $31 mi...

81. Archived Article: Real Briefs - Mid-America Apartment Communities The Memphis Area Association of Realtors announced the number of homes sold in June remained stable compared to the number sold in June 1998 while the average price and dollar volume of homes sold increased. In June...

82. Archived Article: Lucb (lead) - By LAURIE JOHNSON LUCB approves Southwind office complex By LAURIE JOHNSON The Daily News The Land Use Control Board on Wednesday approved a four-building office complex in Southwind Planned Development, citing the final site plan as "a very go...

83. Archived Article: Highwoods - By LAURIE JOHNSON Highwoods starts fifth building in Southwind By LAURIE JOHNSON The Daily News Highwoods Properties Inc., a Raleigh, N.C.-based real estate investment trust with operations in Memphis, has started construction on a 64,000-square-foo...

84. Archived Article: Real Briefs - Mid-America Apartment Communities Declares Dividend The Memphis Area Association of Realtors announced its Multiple Listing Service tallied 3,354 residential sales in the second quarter, up 13.3 percent from 2,961 in the second quarter of 1997. June...

85. Archived Article: Southwind - Highwoods Properties Highwoods Properties begins Southwind D By KATHLEEN BURT The Daily News A real estate investment trust with projects continuing in many markets in the Southeast has announced an expansion in Memphis. Highwoods Properties announc...

86. Archived Article: Real Briefs - SSR Realty Advisors Inc SSR Realty Advisors Inc. has acquired a 312-unit apartment complex in Cordova for $22 million. SSR Realty acquired Appling Lakes at Cordova Club Apartments from Cordova Club Development Group L.P. of Columbus, Ga. The propert...

87. Archived Article: Office Chg - By CAMILLE H Office construction stable in fourth quarter, year Existing companies expanding in the Memphis market increase demand for office space By CAMILLE H. GAMBLE The Daily News Fourth quarter office construction in Shelby County remained stab...

88. Archived Article: Highwoods-centrum Lj - By LAURIE JOHNSON Highwoods adds Centrum office building to portfolio By LAURIE JOHNSON The Daily News Highwoods Properties, a Raleigh, N.C.-based real estate investment trust with operations in Memphis, has acquired the Centrum office building at 6...

89. Archived Article: Back - Highwoods begins developing Colonnade Highwoods begins developing Colonnade Highwoods Properties Inc. has acquired three suburban office buildings encompassing 195,000 square feet for $23.1 million and has begun $24.5 million of development in three...

90. Archived Article: Back - MAAR sells investment property MAAR sells investment property The Memphis Area Association of Realtors sold 3.79 acres at 1701 International Place Drive in East Memphis for $1.29 million to Highwoods/Tennessee Holdings L.P. last week. Steve Woodyard...

91. Archived Article: Back - Highwoods Properties reports 18 percent increase in FFO Highwoods Properties reports 18 percent increase in FFO Highwoods Properties Inc. reported that for the quarter ended Dec. 31, funds from operations totaled $23.7 million or 65 cents per share,...

92. Archived Article: Highwoods Lj - lj 10/5 cates Construction will begin in February on Highwoods office By LAURIE JOHNSON The Daily News Highwoods Properties Inc., a Raleigh, N.C.-based real estate investment trust with operations in Memphis, will begin construction in early Februar...