Industrial properties at 6005 Freeport Avenue and 3399 E. Raines Road have sold for a combined $19.4 million in lieu of foreclosure.

2. Swinnea Warehouse Sold in Lieu of Foreclosure - Tuesday, March 19, 2013

4550 Swinnea Road, Memphis, TN 38118

Sale Amount: $4.2 million
Sale Date: March 7, 2013
Buyer: JPMCC 2007-LDP10 – 4550 SWINNEA RD LLC
Seller: Industrial Memphis International Owner LLC
Details: The Memphis International Distribution Center at 4550 Swinnea Road in Oakhaven has sold for $4.2 million in lieu of foreclosure.

3. Swinnea Warehouse Sold in Lieu of Foreclosure - Friday, March 15, 2013

The Memphis International Distribution Center at 4550 Swinnea Road in Oakhaven has sold for $4.2 million in lieu of foreclosure.

4. Fayette, Marshall Prep for Ambitious Industrial - Monday, December 17, 2012

With Norfolk Southern Corp.’s Memphis Regional Intermodal Terminal now operational in Rossville and a pair of large-scale industrial manufacturing buildings under way in the area, stakeholders say the future is bright for the region.

5. Hickory Hill Warehouse Sells for $15.7 Million - Tuesday, December 11, 2012

6380 Holmes Road Memphis, TN 38141

Sale Amount: $15.7 million

Sale Date: Dec. 5, 2012

6. 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.

7. 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.

8. Bioventus Inks Deal for 40,000 Square Feet - Thursday, November 22, 2012

A Durham, N.C.-based biologics company is relocating its Memphis presence, signifying a boon to the Northeast office submarket.

Bioventus LLC has inked 38,880 square feet of office and manufacturing space in Goodlett Farms Business Campus, 1900 Charles Bryan Road, in Cordova.

9. Gen X Inks State’s First Location on Austin Peay - Friday, November 16, 2012

A trendy Vernon, Calif.-based retailer has inked its first Tennessee location in Austin Peay Plaza.

Gen X Clothing Inc. signed a 35,000-square-foot lease at 3252 Austin Peay Highway. The space was formerly occupied by Big Lots.

10. Corporate Avenue Building Sells for $1.2 Million - Tuesday, November 06, 2012

1721 Corporate Ave. Memphis, TN 38132

Sale Amount: $1.2 million

Sale Date: Oct. 26, 2012

11. Lender Buys MIAC for $14.3 Million - Monday, November 05, 2012

Memphis International Airport Center sold back to the lender for $14.3 million Wednesday, Oct. 31, on the Shelby County Courthouse steps following a foreclosure.

CSMC 2007-C1 Air Center LLC bought the nine-building, 1.1 million-square-foot industrial portfolio from substitute trustee Harris P. Quinn, shareholder with Prochaska Thompson Quinn & Ferraro P.C. The lender was the only bidder at the sale.

12. Lender Buys MIAC for $14.3M - Thursday, November 01, 2012

Memphis International Airport Center sold back to the lender for $14.3 million Wednesday, Oct. 31, on the Shelby County Courthouse steps following a foreclosure.

CSMC 2007-C1 Air Center LLC bought the nine-building, 1.1 million-square-foot industrial portfolio from substitute trustee Harris P. Quinn, shareholder with Prochaska Thompson Quinn & Ferraro P.C. The lender was the only bidder at the sale.

13. Lender Buys MIAC for $14.3M - Friday, November 02, 2012

Memphis International Airport Center sold back to the lender for $14.3 million Wednesday, Oct. 31, on the Shelby County Courthouse steps following a foreclosure.

CSMC 2007-C1 Air Center LLC bought the nine-building, 1.1 million-square-foot industrial portfolio from substitute trustee Harris P. Quinn, shareholder with Prochaska Thompson Quinn & Ferraro P.C. The lender was the only bidder at the sale.

14. Case Management Buys Airport-Area Office Building - Tuesday, October 23, 2012

3171 Directors Row Memphis, TN 38116

Sale Amount: $1.3 million

Sale Date: Sept. 28, 2012

15. 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.

16. 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.

17. Merchandiser Five Below Signs Lease in Olive Branch - Friday, October 05, 2012

A growing Philadelphia-based value retailer has inked a substantial industrial lease deal in Olive Branch.

Five Below Inc. has leased 605,427 square feet in Hacks Cross Logistics Center Building 1, 9105 Hacks Cross Road.

18. Broadway Pizza Buys Building for East Memphis Expansion - Tuesday, October 02, 2012

627 S. Mendenhall Road Memphis, TN 38117

Sale Amount: $365,000

Sale Date: Sept. 13, 2012

19. Lease Takes Appling Farms to Capacity - Friday, September 28, 2012

A distributorship of Pella Corp. has inked 11,300 square feet in Appling Farms Corporate Park, 6972 Appling Farms Parkway.

20. LeMoyne-Owen to Begin Work on $13.5 Million Residence Hall - Tuesday, September 18, 2012

869 Saxon Ave.
Memphis, TN 38126

Permit Cost: $9 million

Permit Date: Applied September 2012

21. Invacare Inks Lease in SE Memphis - Friday, August 17, 2012

Invacare Continuing Care Inc. has inked a 3,500-square-foot lease at 4187 Senator St. in Southeast Memphis.

22. Dot-Com Moves Distribution To Memphis - Friday, August 10, 2012

Wilsonville, Ore.-based LinenTablecloth.com has entered the Memphis industrial market, leasing 82,500 square feet at 3046 Datsun Drive for its new distribution center.

23. Colliers Trio Nearly Triples Retail Portfolio - Tuesday, July 31, 2012

In the past 12 months, Colliers International Memphis’ retail team of Andrew Phillips, Ed Thomas and Laura Frazier has grown its retail portfolio from about 300,000 square feet to nearly 850,000 square feet.

24. Hillwood Buys Pilot Drive Warehouse - Friday, July 06, 2012

Hillwood Investment Properties has purchased the 605,000-square-foot warehouse at 4221 Pilot Drive in Southeast Memphis for $7.5 million from Addison, Texas-based MM Industrial Memphis LLC.

25. Canadian Company Adds To Memphis Portfolio - Wednesday, July 04, 2012

A Canadian real estate investment group has purchased a 157,000-square-foot industrial warehouse in South Memphis for $1.5 million, marking the firm’s second Memphis acquisition in 18 months.

Montreal-based Olymbec USA LLC bought the Class C facility at 3615 Lamar Ave. from FUCMS 2001-C2 Lamar Industrial LLC, an entity affiliated with Miami-based loan servicer LNR Partners LLC.

26. Canadian Firm Acquires South Memphis Warehouse for $1.5M - Tuesday, July 03, 2012

A Canadian real estate investment group has purchased a 157,000-square-foot industrial warehouse in South Memphis for $1.5 million, marking the firm’s second Memphis acquisition in 18 months.

27. Aren Buys SE Memphis Warehouse For $1.3M - Friday, June 22, 2012

Trane U.S. Inc. has sold its parts distribution center in Southeast Memphis for $1.3 million.

Aren Investments LLC of Memphis acquired the 99,375-square-foot distribution warehouse at 4250 Concord Road. The company, which used a 1450 Massey Road address on the Shelby County Register of Deeds, financed the purchase with an $800,000 loan through BancorpSouth Bank. Igal Elfezouaty signed the trust deed as managing member of Aren.

28. Colliers Duo Has Stellar Start to ’12 - Friday, June 01, 2012

Colliers International’s industrial team of Andy Cates and Preston Thomas has closed on 34 transactions (sales and leases) to date in 2012. Here’s a rundown of some of the team’s most recent industrial transactions:

29. 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.

30. Growing Power - Wednesday, April 11, 2012

The outlook is as bright as ever for the local solar industry. Two large solar arrays are opening this week in Memphis and Haywood County, while industry leaders are gathering here this week to tout solar power and its growth in Tennessee in recent years.

31. Mitsubishi Chem Subsidiary Files Permit App for HQ - Tuesday, March 27, 2012

2665 Fite Road
Memphis, TN 38127

Permit Cost: $8.2 million

Permit Date: Applied March 2012

32. Former Cleo Site Sells For $2.6M - Friday, March 16, 2012

A Memphis-based buyer has bought more than 1 million square feet formerly occupied by Cleo Inc. gift-wrapping company in Airport Industrial Park Section A for less than two-thirds of the listing price.

33. Client Satisfaction Key To Linkous’ Success - Monday, February 13, 2012

Since its grand opening on May 2, 2010, Highland Church of Christ on Houston Levee Road in Cordova has been a special source of inspiration and promise for congregation member Rusty Linkous, owner and director of business development for Linkous Construction Co. Inc.

34. Grinding it Out - Monday, February 06, 2012

After most recessions, real estate bounces back.

But the Great Recession has been notably different – long, deep and very prolonged.

That’s the message Dr. John Gnuschke, director of the Sparks Bureau of Business and Economic Research and co-director of the Center for Real Estate at the University of Memphis, delivered in December at the Urban Land Institute’s Real Estate Outlook for the Mid-South.

35. Ewing Signs New Lease In SE Memphis - Friday, January 13, 2012

Ewing Moving Service Inc. & Storage is relocating its operations in Southeast Memphis for better efficiencies and more office space.

36. Commitment, Teamwork Help Whitaker Realty Thrive - Monday, November 28, 2011

Though the last four years of the recession-afflicted economy have been a dark cloud of pessimism in the real estate world, Whitaker Realty LLC owner Mark Whitaker has weathered the storm and found success by carefully choosing his clients and providing careful oversight on expenditures.

37. 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.

38. Arlington Pet Hospital Files $1.2M Permit For Expansion - Friday, November 18, 2011

Construction plans for a new stand-alone space for a growing Arlington veterinary clinic are under way near its current shopping center space.

Samuel Garrett Davis, founder of Arlington Pet Hospital PLLC, has filed a $1.2 million building permit application with the city-county Department of Construction Code Enforcement for a 5,200-square-foot facility, complete with hospital boarding and grooming capabilities.

39. Franklin Sports Extends Lease in ProLogis Park - Monday, November 14, 2011

Franklin Sports Inc. has signed a four-year lease extension for its 300,000-square-foot industrial distribution warehouse in ProLogis Park Stateline, 5510 Getwell Road.

40. Investing in Memphis - Tuesday, September 27, 2011

You’d have to have been hiding under a rock for the last several years not to know that real estate values have dropped across the board. Whether it’s residential or any type of commercial real estate, you’ll hear it said over and over that it is a buyer’s market. That may be a reasonably accurate generalization, but when it comes to commercial real estate, “location, location, location” alone hasn’t been sufficient investment criteria for today’s buyers.

41. JLS Enterprises Buys SE Market Warehouse - Friday, September 02, 2011

A 51,000-square-foot industrial building in the Southeast submarket has traded hands. JLS Enterprises LLC purchased 4021 Delp St. in Airport Industrial Park for $850,000. The warehouse currently houses Coca-Cola Enterprises Inc. and is 100 percent occupied.

42. LensRentals.com Moves Into Trinity Ridge - Friday, July 22, 2011

A local camera- and lens-rental company is expanding into a significant amount of space in the already tight Northeast submarket.

LensRentals.com has signed a 16,800-square-foot lease in Cordova’s Trinity Ridge Business Center, 7730 A Trinity Road, suite 110.

43. MC Ionic Solutions US Begins Work on Fite Rd. Site - Tuesday, July 19, 2011

2665 Fite Road
Memphis, TN 38127
Permit Amount: $1.3 million

Permit Date: Applied July 2011

44. Cable Service Provider Signs New Lease - Friday, June 03, 2011

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.

45. Beutelschies Guides IDB Through Wide Range of Issues - Thursday, May 26, 2011

The rules of economic development are as specific as the terms of any business agreement. That’s because the incentives used to bring new businesses to Memphis and expand existing businesses here are contractual agreements.

46. 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.

47. 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.

48. Northeast Submarket Bolstered By Trio of Deals - Friday, April 15, 2011

A handful of industrial deals in recent weeks hit Northeast Memphis in full force, significantly tightening the already solid submarket.

Mattress Firm has signed a 23,500-square-foot lease in Century Center, 1590 Century Circle, for a new retail and distribution space.

49. Flintco Wins ABC Safety Award - Wednesday, March 09, 2011

Flintco LLC has been honored for having the one of the top building contractor safety programs in the country.

At last week’s Associated Builders and Contractors’ Excellence In Construction Awards Gala, Flintco was awarded the North American Industrial Classification System 236, 2 million-plus man-hour category. This the first year the leading national builder has received the honor.

50. Independent Bank Eyes Space in One Commerce - Monday, March 07, 2011

A bank logo may soon be returning to One Commerce Square.

Multiple sources confirmed Independent Bank is in the final stages of negotiating a deal to put a bank branch – and possibly additional office space – in the landmark Downtown tower, where for years the top of the building was adorned with the logo for National Bank of Commerce and later SunTrust Banks Inc.

51. Colliers Industrial Team Relies on Power of Three - Monday, March 07, 2011

In today’s challenging commercial real estate market, one Memphis group is providing three brokers for the price of one.

The industrial team of Andy Cates, Preston Thomas and Mike Driscoll of Colliers International offers a level of service that’s often hard to match by working with a single agent.

52. Electrolux Officials Sign Downtown Office Lease - Friday, March 04, 2011

Before it builds a new manufacturing plant at Frank C. Pidgeon Industrial Park, Electrolux will set up shop in Memphis with a Downtown office.

The Swedish appliance maker has signed a 14,000-square-foot lease at One Commerce Square, 40 S. Main St., where it will occupy the building’s entire 24th floor.

53. Staples to Build First Memphis Location - Friday, February 25, 2011

The world’s largest office products company will soon enter the Memphis market.

Framingham, Mass.-based Staples Inc. has signed a 17,945-square-foot lease at Ridgeway Trace, the shopping center at Poplar Avenue and Interstate 240 developed by Houston-based Weingarten Realty Investors.

54. Business Park Slated for Auction Block - Tuesday, February 15, 2011

In the past five years, real estate foreclosures have run the gamut from hospitality to retail to multifamily to high-end residential to industrial.

As the commercial market in particular continues to be plagued with record-high vacancies and downward pressure on rental rates, investors are feeling the brunt of the crisis.

55. Family Dollar Signs 2 Leases for Stores - Friday, February 11, 2011

Family Dollar has signed a 12,000-square-foot lease at 2754 Lamar Ave. Shawn Massey, partner with The Shopping Center Group LLC, represented the tenant. Harold Blockman with Keller Williams Realty Inc. represented the landlord, Chong K and Dul S. Pae.

56. Montreal Investor Pays $7.3M for Memphis Center - Monday, January 31, 2011

A Canadian real estate investment group has bought a distressed South Memphis industrial park with plans to reabsorb the space and bring it back to life.

Richard Stern, principal with Montreal-based Olymbec purchased the 1.1 million-square-foot Space Center, 3051-3133 Tranquility Drive, for $7.3 million.

57. Canadian Group Buys Distressed South Memphis Industrial Park - Friday, January 28, 2011

A Canadian real estate investment group has bought a distressed South Memphis industrial park with plans to re-absorb the space and bring it back to life.

Richard Stern, principal with Quebec, Canada-based Olymbec purchased the 1.1 million-square-foot Space Center, 3051-3133 Tranquility Drive, for $7.25 million.

58. 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.

59. Pacific Logistics Picks Olive Branch for Hub - Friday, January 07, 2011

Pacific Logistics Corp. has signed a lease for its first Memphis-area location, which will serve as a regional hub for the company’s growing shoe and retail business.

60. Menlo Deal Tops Noteworthy Leases - Thursday, December 30, 2010

The Daily News in September launched a new weekly column called “Inked” to spotlight Memphis’ commercial leasing landscape.

Despite tough times, local commercial real estate firms were able to ink plenty of deals in the past four months. Here’s a rundown of some of the most noteworthy commercial leases since Inked’s debut:

61. 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.

62. Business Sense - Monday, November 01, 2010

Mark Luttrell has a little more than eight weeks under his belt as Shelby County mayor, and he’s spent much of that time on things that shouldn’t come as a surprise.

63. Colliers Sells Property to Union Forklift - Friday, October 22, 2010

Colliers International recently sold an 18,750-square-foot building in the Perimeter Point Business Park, 2188 Spicer Cove.

64. Circa Slated for Regalia Space - Friday, October 01, 2010

Circa by John Bragg restaurant plans to open its East Memphis location at Regalia shopping center, Boyle Investment Co. recently announced.

65. $5.3M Permit Application Filed for Soulsville Charter School - Tuesday, September 28, 2010

1115 College St.
Memphis, TN 38106
Permit Amount: $5.3 million

Project Cost: $5.3 million for phase one
Permit Date: Applied September 2010
Completion: July 2011
Owner: Soulsville Foundation
Tenant: Soulsville Charter School
Contractor: Looney Ricks Kiss
Architect: Flintco Inc.

66. BWSC’s Goforth’s Prints Seen Throughout Firm’s Work - Friday, September 10, 2010

Managing the Memphis office of the design firm of Barge Waggoner Sumner & Cannon Inc., to hear him tell it, is Charles Goforth’s day job.

67. Lumber Company Adds Pair of New Locales - Monday, August 09, 2010

Lumber Liquidators has signed two new leases with developer Curtis Wegener.

The buildings are flex/industrial warehouses along the interstate, which is what Lumber Liquidators was looking for.

68. Realizing Dreams - Tuesday, July 06, 2010

William Adair’s quad-cab, four-wheel-drive pickup truck is splattered with mud. The office where he parks it out back, a converted country home at the corner of Tenn. 196 and U.S. 72, is littered with maps.

69. Six Permits Issued to Airport For Ground Transportation Center - Tuesday, March 09, 2010

2491 Winchester Road
Memphis, TN 38116
Permit Amounts: $89.5 Million

Project Cost: $121 million
Permit Date: Issued March 2010
Completion: Spring 2012
Owner: Memphis-Shelby County Airport Authority
Tenant: Memphis-Shelby County Airport Authority
Contractor: The Flintco Cos. Inc.
Architect: Walker Parking Consultants

70. NuVasive Files Permit to Renovate Southeast Memphis Facility - Tuesday, February 09, 2010

4670 E. Shelby Drive
Memphis, TN 38118
Permit Amount: $1.6 Million

Project Cost: $1.6 million
Permit Date: Applied February 2010
Completion: TBA
Owner: NuVasive Inc.
Tenant: NuVasive Inc.
Contractor: Montgomery Martin Contractors LLC
Architect: Looney Ricks Kiss Architects Inc.

71. 2010 - Monday, January 04, 2010

Is it over yet? That may be the most frequently asked question in the New Year. “It” is the worst national economic recession since the Great Depression.

Accurately reading the indicators will not be easy. Some will predict the recession is about to end, just as new indicators point to continuing economic agony for thousands of Memphians.

72. Plough Blvd. Revamp Closer to Fruition - Tuesday, December 15, 2009

With $1.6 million in public funding approved by the City Council two months ago, the beautification of Plough Boulevard – the road leading into Memphis International Airport – has reached another milestone.

73. Airport Authority Files Permit For Parking Garage, Rental Car Facility - Tuesday, October 20, 2009

2491 Winchester Road
Memphis, TN 38116
Permit Amount: $135 Million

Project Cost: $150 million
Permit Date: Applied October 2009
Completion: TBA
Owner: Memphis-Shelby County Airport Authority
Tenant: Memphis International Airport
Contractor: TBA
Architect: Walker Parking Consultants

74. FedEx Company Anticipates Recovery With Expansion - Wednesday, August 05, 2009

At a time when many companies are putting the brakes on large-scale projects, FedEx Global Supply Chain Services Inc. is undertaking a $1 million expansion and renovation of its warehouse at 5025 Tuggle Road in Oakhaven/Parkway Village, a facility it will fully occupy once the work is complete.

75. Former FedEx HQ Recast as Aerotropolis - Tuesday, December 30, 2008

The building that served as FedEx Corp.’s initial corporate headquarters is at the center of a rebranding campaign designed to tap into the city’s growing aerotropolis concept.

76. Chicago Firm Buys Another Memphis Warehouse - Tuesday, November 25, 2008

4219 Air Trans Road
Memphis, TN 38118
Sale Amount: $8.4 Million

Sale Date: Nov. 5, 2008
Buyer: Memphis Air Trans LP
Seller: TC Air-T Industrial LLC
Loan Amount: $6.7 million
Loan Date: Nov. 5, 2008
Maturity Date: N/A
Lender: Union Bank of California NA

77. Investors Group to Discuss Economic Development - Thursday, October 02, 2008
How does the rest of the country view the Memphis real estate market? Larry Jensen, president and CEO of Commercial Advisors LLC, admits it can be a mixed bag, namely because the message Memphians send differs from the one they should be sending.

Jensen, a 30-year real estate veteran, will address that question – and provide a few different views – as guest speaker at the Memphis Investors Group’s monthly meeting Oct. 9 at 7 p.m. at the Germantown Athletic Club, 1801 Exeter Road.

The biggest problem, Jensen noted, is the city’s leaders don’t spend enough time focused on job creation, the biggest economic impact for a metropolitan area. Without that, companies hesitate to invest here.

“We don’t have enough priority in our community thinking about jobs creation – not just attracting new businesses here but making it an attractive place for existing businesses to expand,” Jensen said. “Is our welcome mat out in the community?”

Moreover, he said the city isn’t as “business friendly” as it once was, a huge detriment to attracting new companies or helping existing companies expand.

“I’m not so sure right now that we are (business friendly) as a community,” he said. “I think that’s one of the biggest problems – our reputation in the country.”

Focus on the positives

But the city’s problems aren’t the messages he wants to convey to attendees at next week’s Memphis Investors Group (MIG) meeting. Instead, Jensen wants to focus on the ABCs of the Memphis economy. For Jensen, it’s important for Memphis business leaders, especially real estate professionals, to focus on the fundamentals of the city’s economy.

That starts with the “A” for aerotropolis, the idea of building an economy around Memphis International Airport, a $22 billion engine.

“It’s really putting a bow around what we really have,” Jensen said. “We’re sitting as one of the major, major, major nodes in the rail intermodal (industry) and with the airport. You put those two things together and there are a lot of communities around this country that would be mighty happy and mighty proud of having that in place.”

Beyond that, Jensen touted the city’s other assets. “B” is for biosciences industry, “C” is for its community assets like Shelby Farms Park and “D” is for its diversity. All those factors are keys to making Memphis more attractive to companies looking to expand their operations here, and the city – its governmental, business and cultural leaders – have to be on track with them for Memphis to thrive.

Jensen said he doesn’t want to sound overly Pollyanna, but he noted that to attract more investment in the city, whether it’s in retail, industrial, office or residential real estate, the city’s good points have to be on display.

“If you’re comfortable with a place,” Jensen said, “then you’ll invest your money there.”

Different parameters

Kevin Peck, owner of the local investment firm Kevron Properties and MIG secretary, is comfortable investing his money in Memphis real estate and sees why the city, with its undervalued property values, has drawn interest from outside capital.

“We’re a little bit better off,” Peck said. “Prices have dropped here somewhat, just not cataclysmically as they have in other areas of the country.”

Peck is looking specifically at the residential side of investing, where everyday people from Memphis and from outside are looking to buy city houses on the cheap with hopes of flipping or renting. But with credit so tight these days, even the real estate investment gig is evolving.

“You can’t flip that house anymore because folks can’t get credit to buy (and sell), but if you’ve got credit to buy and hold, then you’re good to go,” said Peck, noting that a large segment of the population was “wiped away” from getting a mortgage because of the fallout. “On the flip side, that (situation) created renters, so if you’re buying and holding for rent, then some things are OK. We buy and hold and rent, and we’re finding that we’re doing OK. You can invest in real estate here and make it have good cash flow.”

Ultimately, Peck said, that’s why city homes will continue to be bought even during this economic and real estate slump.

“You can still buy a property for a good price, and if you’re smart about it, you can make it cash flow and make some money,” he said. “I think that’s why Memphis is attractive to folks.”

In addition to Jensen’s talk, the MIG monthly meeting begins with an “early bird” session at 6 p.m. This month’s topics include “Networking 101," "Getting Started Right in Real Estate" and "Investing in Your Self-Directed IRA.”

78. Playhouse on the Square To Build New Theater - Tuesday, August 19, 2008

60 S. Cooper St.
Memphis, TN 38104
Permit Cost: $8.3 million

Project Cost: $12 million
Project Date: Aug. 12, 2008
Completion: Fall 2009
Owner: Playhouse on the Square
Tenant: Playhouse on the Square
Architect: Morris Architects Planners Inc.
Contractor: Montgomery Martin Contractors LLC

79. Memphis International Airport To Install Backup Generator - Tuesday, April 15, 2008

3977 Airways Blvd.
Memphis, TN 38116
Permit Amount: $2 million

Project Cost: $2 million

Permit Date: April 2, 2008

80. 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.

81. Net Magan, Others Sued for Breach of Contract - Thursday, August 09, 2007

The parties involved in a $78 million real estate portfolio sale from 2005 now are going to court over what one group calls a breach of contract.

Distriplex Investors LLC has filed a $3.5 million breach of contract complaint in Shelby County Chancery Court against Net Magan Land GP One LLC, Net Magan Land Mezz LLC and Joseph Mizrachi, according to The Daily News Online, www.memphisdailynews.com.

82. Archived Article - Tuesday, July 24, 2007

5015 Citation Drive
Memphis, TN 38118
Sale Amount: $19.3 million

Sale Date: June 27, 2007

Buyer: Distribution I TL Owner LLC

83. Sitting Pretty - Thursday, June 21, 2007

For anyone who can't see how important FedEx is to Memphis' economy, Wyatt Aiken, senior vice president of Commercial Advisors LLC, paints the following picture:

"If Memphis wasn't a great distribution hub, FedEx wouldn't be here," he said, "and if FedEx wasn't here, we'd be Little Rock."

84. Archived Article - Tuesday, April 24, 2007

18 buildings near
Memphis International Airport
Sale Amount: $42 million

Sale Date: April 9, 2007
Buyer: Inland American TN Distribution LLC
Sellers: ProLogis-North Carolina LP (14 properties); Dorothy Vea Polk, Lewie R. Polk III, Patricia Polk Boyd, Peggy Polk Kent and Janice Polk Thompson (four properties)

85. Airport-Area Industrial SitesPart of $56.6 Million Deal - Thursday, April 19, 2007
     Eighteen distribution buildings near Memphis International Airport have sold for more than $42 million as part of a 20-site, $56.6 million portfolio buyout.
     Oak Brook, Ill.-based Inland

86. Archived Article - Tuesday, March 27, 2007

26 buildings in
Nonconnah Corporate Park
Sale Amounts: $30.6 million; $8.3 million

Sale Date: Feb. 22, 2007

87. Archived Article - Tuesday, March 06, 2007

Four parcels near
Germantown Parkway
Sale Amounts: $700,000; $28.3 million

Sale Date: Feb. 15, 2007 (for both)

88. Knox St. Clair Prepares for Move To Bigger Facility - Tuesday, September 05, 2006

When Knox St. Clair Millwork Distributors Inc. in June received its payment-in-lieu-of-taxes, or PILOT, approval, one of the considerations that won big points with the Memphis Shelby County Industrial Development Board (IDB) was where the company planned to move.

89. Mahaffey Fabric Structures Relocates Headquarters - Tuesday, August 29, 2006

4131 Delp St.
Memphis, TN 38118
Sale Amount: $2.2 million

Sale Date: Aug. 11, 2006

Buyer: Beach House Investments LLC

90. Pricey Merchandise - Wednesday, August 23, 2006

Earlier this year, the Gary Myers Co. sold a 17,000-square-foot office warehouse at 3121 Bartlett Corporate Center Drive to an investment group for $1.5 million. The multi-tenant building, purchased by BCH Investments, is a short drive from Interstate 40 and counts big users like Brother International Corp. as neighbors.

91. Archived Article - Wednesday, May 31, 2006

TDN: Tell me a bit about your new facility - location, size, how many classes it will facilitate, etc.

KST: The location is on York Avenue between Meda and Young just north of the Urban Arts Commission/Cooper-Young trestle bridge. We think of it as a gateway into Cooper-Young. It is currently 11,000 square feet, but will have 14,000 square feet of useable space once complete. We will be able to triple our capacity for classes, operate a core program for students on a professional track, add community and adult classes and host other local dance groups that require a space with quality floors for safety and more room than they currently have access to. Pilates Central will operate a full service Pilates studio upstairs. NBE is a stakeholder in Heart of the Arts in partnership with Playhouse on the Square. We are two minutes down the street from the new theater location, where we will be able to rent performance space.

92. 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.

93. Grinder Haizlip Aims for Steady Growth - Tuesday, November 01, 2005

For the two men who run Grinder Haizlip Construction Co. Inc., the job of building their company's future is done brick by brick, one employee at a time.

The low-key construction business has been around since 1992, and co-owners Greg Grinder and Henry Haizlip - perhaps now more than ever - are thinking big. Not just in the size of their business, but also in the imagination with which they and their next generation of project managers tackle new jobs.

94. Distriplex Property Part of Farnsworth Sale - Tuesday, September 13, 2005

5400 Distriplex Farms Drive
Memphis, TN 38141
Cost: $10.2 million

Buyer: Net Magan Property Owner One LP

95. Archived Article: Newsmakers - Wednesday, December 01, 2004
Crye-Leike CEO Named Secretary of International Organization

New Assistant District Attorneys Appointed

Shelby County District Attorney Bill Gibbons announced the reappointment of former assistant district attorney Ray Lepone and the appointme...

96. Archived Article: Fayette 2 (lead) - Monday, September 20, 2004
Fayette Industrial

Fayette Leaders Prepare for New Industry

Lack of existing buildings hurts countys recruiting efforts

LANCE ALLAN

The Daily News

Fayette County is getting attention as a spot for new industrial projects more business...

97. Archived Article: Accredo (lead) - Thursday, September 02, 2004
By Andy Meek

Accredo Expands in Century Center

Center keeps high occupancy in struggling market

ANDY MEEK

The Daily News

A major expansion is under way for a Memphis-based health care company that provides pharmacy and related service...

98. Archived Article: Holmes (lead) - Thursday, April 22, 2004
Its gong to be used for bus expansion

Intermodal Cartage Buys Land for Expansion

Road improvements under way in area of industrial growth

ANDREW BELL

The Daily News

A Memphis-based intermodal transportation services company has purcha...

99. Archived Article: Events - Tuesday, February 10, 2004
Rhodes College President William E

The Bartlett Area Chamber of Commerce hosts its monthly luncheon from 11:30 a.m. to 1 p.m. today at the Holiday Inn-Sycamore View, 6101 Shelby Oaks Drive. Cost of buffet lunch is $10. Call 372-9457. The Associat...

100. Archived Article: Small Biz Focus - Wednesday, November 05, 2003
Time Shop enables better business

Shop Helps Employers Keep Track of Time

ANDREW BELL

The Daily News

In 1978, after three years working the late shift, Chris Carpenter punched his time card out of the printing industry and started a job ...