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Editorial Results (free)

1. Asics America to Expand Byhalia Footprint -

Asics is expanding its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park area by 342,144 square feet.

The expansion comes on the heels of a 513,000-square-foot build-to-suit completed in 2010, and now will consolidate the footwear distribution center with the apparel distribution center, which was previously located in Southaven. Asics hopes to improve its overall efficiency by combining the two components under one roof, which will total 855,144 square feet.

2. Asics America to Expand Byhalia Footprint -

Asics is expanding its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park area by 342,144 square feet.

The expansion comes on the heels of a 513,000-square-foot build-to-suit completed in 2010, and now will consolidate the footwear distribution center with the apparel distribution center, which was previously located in Southaven. Asics hopes to improve its overall efficiency by combining the two components under one roof, which will total 855,144 square feet.

3. Asics America Expanding in Byhalia -

Asics America Corp. is expanding its footprint in Byhalia, Miss.

The company is adding 342,144 square feet to its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park.

4. Legacy Farm Owner Files $29.8 Million Loan -

1120 Winchester Road
Collierville, TN 38017
Loan Amount: $29.8 million

Loan Date: June 18, 2014
Maturity Date: July 1, 2021
Borrower: Legacy Farm LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 368-unit Legacy Farm apartment complex at 1120 Winchester Road in Collierville has filed a $29.8 million loan on the property.

5. Gestalt Schools Signs Lease in Hickory Hill -

A charter school operator has inked a lease for space on Winchester Road in Hickory Hill.

Gestalt Community Schools has leased 57,000 square feet of space at 5360 Winchester Road inside the Mendenhall Square shopping center.

6. Many Seek New Homes Near Cities But are Priced Out -

WASHINGTON (AP) – City living has been a blessing for Tim Nelson.

The Phoenix lawyer moved downtown a few months ago into a new $389,000 home with a warehouse-style floor plan, a Jacuzzi tub and kitchen counters made of Caesarstone quartz. His favorite coffee spot is three blocks away. When the Arizona Diamondbacks play on Friday nights, he can watch postgame fireworks from his deck.

7. 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.

8. Commercial Real Estate Sales Up 6.1 Percent In March -

Shelby County recorded 208 commercial real estate sales in the first quarter, according to real estate information company Chandler Reports, www.chandlerreports.com.

9. 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.

10. MAAR to Hold Commercial Forecast Summit Feb. 12 -

Commercial real estate experts will share their insights this week on what to expect nationally and locally in 2014.

The Memphis Area Association of Realtors’ Commercial Council will host the 2014 Commercial Property Forecast Summit Wednesday, Feb. 12.

11. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

12. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

13. Fresh Market, Whole Foods Seek Approval From Boards -

Two planned high-profile grocery stores will be seeking regulatory approval in the coming weeks.

The Fresh Market is applying for a special-use permit from the Land Use Control Board Dec. 12 to convert the existing Ike’s store on Union Avenue into one of the chains upscale grocery stores.

14. Commercial Real Estate Market Reawakens -

After suffering through a prolonged slump, the Memphis commercial real estate market this year began to shake off the rust that gathered during the “Great Recession,” and brighter days could be ahead for the prime markets in the apartment, retail, office and industrial sectors, according to local experts.

15. East Memphis Retail Center Sees Positive Lease Activity -

The Shops at Chickasaw Gardens, on Polar Avenue near the Benjamin L. Hooks Central Library, has seen good leasing activity recently.

Shark’s Fish and Chicken, an Arkansas-based restaurant chain, signed a lease for 2,330 square feet at 3183 Poplar Ave., taking the former Back Yard Burgers space. David’s Frames & Art renewed its lease for 3,080 square feet at 3151 Poplar Ave. Create A Cig, an electronic cigarette shop, will open soon at 3175 Poplar Ave.

16. Airport Center Signs Two New Tenants -

Memphis International Airport Center in Southeast Memphis has recently experienced positive leasing activity.

Lansing Building Products, a major supplier of building products such as siding, windows, gutters, trims, railings, columns and stone, renewed its 24,524-square-foot lease at 3510 Winchester Road.

17. Baptist Begins Construction on $14.1 Million Pediatric ER -

Baptist Memorial Health Care Corp. began construction this week on a new pediatric emergency department at Baptist Memorial Hospital for Women.

18. Loeb Enjoying Strong Demand in East Memphis -

Pomp & Poise, a new gift store concept specializing in home and garden items, has signed a new lease at Park Place Center.

Pomp and Poise will occupy 1,400 square feet at the East Memphis retail center at the southwest corner of Park Avenue and Ridgeway Road.

19. James Lee House Owner Files Construction Loan -

690 Adams Ave.
Memphis, TN 38105
Loan Amount: $1 million

Loan Date: June 4, 2013

Maturity Date: June 4, 2019

20. Oakhaven Warehouse Sells for $11.3 Million -

5155 Citation Drive
Memphis, TN 38118
Sale Amount: $11.3 million

Sale Date: May 21, 2013

21. Cresthaven Medical Building Sells for $2.5 Million -

1068 Cresthaven Road Memphis, TN 38119

Sale Amount: $2.5 million

Sale Date: May 2, 2013

22. 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.

23. California Company Buys Former Quebecor Facility -

828 E. Holmes Road Memphis, TN 38116

Sale Amount: $2.7 million

Sale Date: Feb. 15, 2013

24. California Company Buys Former Quebecor Facility -

An affiliate of Downey, Calif.-based Industrial Realty Group LLC has paid $2.7 million for the former Quebecor World Inc. warehouse at 828 E. Holmes Road in Whitehaven.

25. Arnot Joins Hillwood as Market Director -

Dallas-based Hillwood Investment Properties has hired Bates Arnot as market director.

Arnot will be responsible for marketing and leasing industrial properties in the Dallas and Memphis markets.

26. Arnot Joins Hillwood as Market Director -

Dallas-based Hillwood Investment Properties has hired Bates Arnot as market director.

Arnot will be responsible for marketing and leasing industrial properties in the Dallas and Memphis markets.

27. Victory Packaging Relocates to Memphis -

Victory Packaging soon will relocate its entire Southaven branch operation to the Southeast Memphis industrial submarket.

The Houston, Texas-based industrial packaging supplier and distributor inked 158,333 square feet in Shelby Air Park Building 1, 4500 Malone Road. The 475,000-square-foot building also houses Terminal Warehouse Inc.

28. Realty Income Corp. Buys Herbalife Facility -

5025 Crumpler Road Memphis, TN 38141

Sale Amount: $16.6 million

29. Will Barden Joins Colliers International -

Commercial real estate veteran Will Barden has joined Colliers International Memphis as vice president of office services, effective Jan. 2.

Barden brings a wealth of experience in office tenant and user representation and will be teaming with Frazier Baker to help further expand Colliers’ presence in office real estate.

30. Barden Joins Colliers International -

Commercial real estate veteran Will Barden has joined Colliers International Memphis as vice president of office services, effective Jan. 2.

31. Realty Income Corp. Buys Herbalife Facility -

An affiliate of Escondido, Calif.-based Realty Income Corp. has paid $16.6 million for the Herbalife International of America Inc. distribution center at 5025 Crumpler Road in Hickory Hill.

32. 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.

33. I-Bank Grows in Namesake East Memphis Office Tower -

Independent Bank has expanded its headquarters at I-Bank Tower to primarily accommodate its Mortgage Lending Division.

34. Gen X Inks State’s First Location on Austin Peay -

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.

35. I-Bank Tower on Poplar Sells for $14.4 Million -

5050 Poplar Ave. Memphis, TN 38117

Sale Amount: $14.4 million

Sale Date: Sept. 14, 2012

36. Schmitt’s Career Fueled By Outside-the-Box Thinking -

Jill Schmitt used to envision herself searching for relics of ancient world cultures but instead found her niche helping businesses find new digs.

37. Capital Influx -

Capital is finally being set free in the Memphis industrial market, with opportunities on both the buy and sale side of investment deals.

Nearly $200 million has been spent since June, as public and private institutional buyers alike make large plays.

38. Brinkley Plaza Sells to Olymbec for $7.2 Million -

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.

39. Brinkley Plaza Sells to Olymbec for $7.2M -

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.

40. Nashville Company Buys Wolf River Medical Building for $11 Million -

8040 Wolf River Blvd.
Germantown, TN 38138
Sale Amount: $11 million

Sale Date: Oct. 9, 2012
Buyer: HRT of Tennessee Inc.
Seller: Bayrock Investment Co. LLC
Details: HRT of Tennessee Inc., an affiliate of Nashville-based Healthcare Realty Trust Inc., has paid slightly less than $11 million for the medical office building at 8040 Wolf River Blvd. in Germantown.

41. Lease Brings New Breed Footprint to 3 Million Feet -

New Breed Inc. is enhancing its Memphis operations with a new distribution warehouse lease in the Southeast industrial submarket.

42. Lease Takes Appling Farms to Capacity -

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

43. Denver REIT Buys Industrial Portfolio for $24M -

Denver-based Industrial Income Trust Inc. has bought an 890,000-square-foot industrial portfolio in Southeast Memphis from CRP Holdings B LP for $24.3 million. The purchase, recorded under the entity IIT Memphis IC LLC on the Shelby County Register of Deeds, includes various lots in Memphis Distribution Center.

44. MEPPI Files $155M Permit App For Rivergate Plant, Office -

2865 Riverport Road
Memphis, TN 38109

Permit Cost: $155 million

Permit Date: Applied June 2012

45. Singer Continues Path Down Real Estate Journey -

Mary Singer started her commercial real estate career out of necessity, managing and leasing multifamily units.

46. Fla. Company Buys Cordova Retail Center -

Coral Springs, Fla.-based Swiss Capital Group LLC has acquired The Shops of Woodland Hills in Cordova for $3.1 million.

47. Pera, Lightman, Rainer V Take Top Pinnacle Awards -

The Memphis Area Association of Realtors Commercial Council honored the top performers in commercial real estate for 2011 at the 11th annual Pinnacle Awards gala, held Tuesday, April 24, at the Holiday Inn University of Memphis.

48. Southland Sells Parcels To Bank For $1 Million -

A Downtown property that real estate investor Terry Lynch once planned for residential and retail space was sold back to the lender for slightly less than $1 million.

49. Thorpe Products Inks New Deal On Democrat -

Thorpe Products Co. is relocating its Memphis branch location to a site with higher ceiling heights and better proximity to its clients.

50. ‘Washington Courtyard’ Sells For $900K -

A trio of office buildings at Washington Avenue and Danny Thomas Boulevard has traded hands for $900,000.

Investment group 301 WA LTD LLC of Arizona purchased the assets from Gregory Realty GP. Brian Califf of NAI Saig Co. represented the seller.

51. Grinding it Out -

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.

52. Trane Signs Lease on Tradeport Drive -

Trane U.S. Inc. has finalized its 625,000-square-foot industrial lease in Southeast Memphis after the deal process initially began in January 2011.

53. CRE Activity Stays Strong During 2011 -

Despite hard times, local commercial real estate firms were able to ink plenty of deals in the past 12 months.

Memphis’ industrial leasing activity kicked off in January when Buena Park, Calif.-based Pacific Logistics Corp. signed a 60,000-square-foot lease in ProLogis Park DeSoto for its first Memphis-area location.

54. Colliers Signs Baker to First Site in Tenn. -

Colliers International’s industrial team of Andy Cates, Preston Thomas and Mike Driscoll has inked 63 transactions this year. Here’s a rundown on a flurry of recent deals the trio has brokered.

55. Capitoline Moves To SE Memphis Center -

A Rome, Ga.-based surface components manufacturer is relocating its distribution facility to the Southeast Memphis industrial submarket.

Capitoline Products has signed a 23,500-square-foot lease at 5805 Advantage Cove, confirmed the firm’s co-owner, L.G. Smith. The company is currently located off Lamar Avenue.

56. Nissan North America Renews Lease In SE Shelby -

Nissan North America Inc. has renewed its 413,000-square-foot lease in Southeast Shelby County.

57. iPad Becomes Essential Tool for Brokers -

Commercial real estate brokers and their clients are warming up to the trend of using the iPad as an everyday tool for conducting business.

Since its debut this past March, the iPad 2 – Apple Inc.’s ubiquitous tablet computer – is quickly gaining a foothold as a standard tool for many in the industry.

58. 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.

59. ITT Goulds Signs Lease In Southaven -

A Seneca Falls, N.Y.-based industrial pumping system manufacturer has inked a deal for a distribution center across the parking lot from its current space in Southaven.

ITT Goulds signed a 68,508-square-foot lease in Industrial Development International Inc.’s Stateline Business Park Building C, at 8890 Commerce Drive.

60. JLS Enterprises Buys SE Market Warehouse -

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.

61. Singer Named Director of Women’s Business Council -

Mary Singer, president of Commercial Realty Group, has been appointed regional director/Memphis for the Women’s Business Enterprise Council South and will serve on the board of directors for WBEC South.

62. Trinity Place Sells For Third Time In Five Years -

A Cordova retail center is under new ownership for the third time in five years. Atlanta-based Altus Real Estate Advisors LLC has purchased Trinity Place, 7990 Trinity Road, for $2.8 million.

63. Ga.-Based Coastal Logistics Signs Lease -

A budding Savannah, Ga.-based third-party logistics firm is expanding into the Southeast Memphis industrial market. Coastal Logistics Group Inc. has signed a new 50,000-square-foot lease at 5715 Distribution Drive.

64. Cordova’s Parkway Place Hits 100 Pct -

Two recent leases at Parkway Place Office have brought the center to 100 percent occupancy. Guardian Community Living LLC signed a 10,500-square-foot lease in the 70,000-square-foot office annex that is situated in Cordova.

65. Ambulance Co. Signs New Lease, Ups Space -

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.

66. MBIN Signs New Lease At Bellbrook Park -

A Memphis-based wholesaler of collectable items has signed a new industrial lease in the Southwest submarket.

MBIN Global Inc. has signed a new lease for 26,250 square feet at Bellbrook Industrial Park, 1004 Brooks Road.

67. FedEx Files $10.8M Permit For Demolition Work -

2781 Democrat Road
Memphis, TN 38118
Permit Amount: $10.8 million

Permit Date: Applied April 2011
Owner: FedEx
Tenant: FedEx
Contractor: Flintco Inc.

68. 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.

69. Crump Commercial Sets Sights on Continued Success -

To many Memphians, the name Crump is a familiar one.

The legacy of former Memphis mayor E.H. “Boss” Crump is felt across the political landscape and can be seen in everything from a boulevard to a football stadium

70. Electrolux Officials Sign Downtown Office Lease -

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.

71. Family Dollar Signs 2 Leases for Stores -

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.

72. Interstate Brands Renews, Expands Lease -

Interstate Brands Corp. has renewed and expanded its lease in the Germantown Park - Kimbrough Building in Cordova, more than doubling its footprint.

73. Pacific Logistics Picks Olive Branch for Hub -

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.

74. Menlo Deal Tops Noteworthy Leases -

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:

75. 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.

76. IDB to Weigh Dalphis Move -

The Memphis-Shelby County Industrial Development Board on Wednesday will consider a three-year, $2.4 million tax break for Memphis window covering manufacturer Dalphis Holdings LLC.

77. IDB to Weigh Dalphis Move -

The Memphis-Shelby County Industrial Development Board this week will consider a three-year, $2.4 million tax break for Memphis window covering manufacturer Dalphis Holdings LLC.

78. IDB to Weigh Dalphis Move -

The Memphis-Shelby County Industrial Development Board this week will consider a three-year, $2.4 million tax break for Memphis window covering manufacturer Dalphis Holdings LLC.

79. Skyline Grows Local Footprint on Vantech Dr. -

Skyline Exhibits MidSouth is expanding its presence at East Pointe Business Center.

The St. Paul, Minn.-based tradeshow exhibits company renewed its 9,958-square-foot lease at 3895 Vantech Drive, Suite 9, and expanded into an additional 3,524 square feet. The additional space will enable Skyline to assemble and store exhibits for clients.

80. Menlo Bolsters Local Presence With New Lease -

Menlo Worldwide Logistics LLC is expanding its Memphis-area operations with a new 181,000-square-foot lease in ProLogis Park DeSoto in Olive Branch.

81. Colliers Sells Property to Union Forklift -

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

82. Triumph Bank Adds New Board Members -

Triumph Bank has announced two additions to its board of directors – Dr. Joseph Mirabile, president of Mirabile Investment Corp., and Jason Crews, founder of Crews Realty.

83. MAAR Commercial Council Welcomes New Board Members -

The Memphis Area Association of Realtors Commercial Council held its annual board of directors meeting Thursday, approving three new members for its 2011 board.

Greg deWitt of Grubb & Ellis Co. will take over one of the council’s director seats next year before becoming the council’s vice president in 2012. He will inherit the seat occupied by John Mercer of Highwoods Properties in 2011.

84. After Trading Hands, Marina Cove Now Ready for Redevelopment -

5505 Winchester Road
Memphis, TN 38115
Sale Amount: $1.6 Million

Sale Date:July 15, 2010
Buyer:The Power Center Community Development Corp.
Seller:Water Gardens LLC (in dissolution), and Optimal Partners LLC and National Community Development Association Inc. (which constitutes all members of Water Gardens LLC since its dissolution)

85. Ohio-Based Company Buys Land Slated for Strayer University Campus -

7275 Appling Farms Parkway
Memphis, TN 38133
Sale Amount: $603,788

Sale Date: July 6, 2010
Buyer: Se Testa Memphis LLC
Seller: Belz Investment Co. LP

86. The Cost of Progress -

The development of Norfolk Southern Corp.’s $112 million intermodal yard on a former cattle ranch in Fayette County has polarized the community for more than a year.

87. Airport Authority Files Permit For Parking Garage, Rental Car Facility -

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

88. Commercial Real Estate Pocked by Financial Ruins -

Commercial real estate deals used to be hammered out in boardrooms, but with the rise of foreclosures in that sector, many of them are now being negotiated at the courthouse.

The steps of the Shelby County Courthouse proved to be a hot spot for high-dollar, high-profile commercial deals in June, a month that saw the most lucrative transaction and two of the top three sales occur following foreclosures.

89. Riviana Continues Work On Rice Processing/Distribution Plant -

2371 Prospect St.
Memphis, TN 38106
Permit Amount: $3.5 Million

Project Cost: $67 million
Permit Date: Applied June 2009
Completion: 2010
Owner: Riviana Foods Inc.
Tenant: Riviana Foods Inc.
Contractor: Linkous Construction Co. Inc.

90. Permit Filed For Owens Corning Alteration -

693 Corrine Ave.
Memphis, TN 38107
Permit Cost: $600,000

Permit Date: Applied March 2009
Owner: Belz Union Realty Co. GP
Tenant: Owens Corning Corp.
Contractor: Southern Integrated Services Inc.

91. Permit Filed for Alterations at Owens Corning Corp. -

An industrial building permit for $600,000 has been filed with the city-county Office of Construction Code Enforcement for property at 693 Corrine Ave. The owner of the property is Belz Union Realty Co. GP, and the tenant is listed as Owens Corning Corp.

92. County’s Latest Tax Figures Anemic -

The latest snapshot of Shelby County’s tax revenues looks about the same as it has for months.

The local housing market – which generates property tax revenue, the lifeblood of Memphis and Shelby County governments – has turned anemic. Consumer spending keeps on slowing in the face of a recession that prompted Congress this month to pass a nearly $800 billion stimulus package that amounts to an economic shock treatment.

93. 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.”

94. Commercial Real Estate Sales Down 18 Percent -

A familiar theme in the commercial real estate market continued in November as a couple of high-dollar transactions kept the month out of the doldrums. Not surprisingly, though, those numbers didn’t do much to salvage an otherwise dismal year.

95. 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.

96. 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.

97. Lightman Realty to Begin Phase II of Centennial Gardens -

7751 Centennial Drive
Memphis, TN 38125
Permit Amount: $10.6 Million

Project Cost: $14 million
Permit Date: Applied October 2008
Completion: 2010
Owner: Michael Lightman Realty Co.
Tenant: Michael Lightman Realty Co.
Contractor: Patton & Taylor Construction Co.
Architect: MMH Hall Architects and Planners Inc

98. MAAR Forms Group For Young Brokers -

Commercial real estate can be a tough profession at any age, but it’s especially difficult for a young agent breaking into the industry to find his or her footing alongside the established practitioners.

99. Commercial Real Estate Tumbles -

After a prolonged and prosperous ride, commercial real estate stumbled in the past year with no signs of regaining its balance anytime soon.

Just 998 commercial sales were made in Shelby County from August 2007 through July 2008, down 17.6 percent from 1,211 sales during the previous 12-month period, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

100. Blockman Joins Keller Williams -

Harold Blockman has been named the new vice president & principal broker of the Memphis Central Market Center for Keller Williams Realty.

Blockman serves as director of the board of the Memphis Area Association of Realtors and was selected for the 2007 Community Service Award by MAAR. Blockman is also president of the Tennessee GRI Association and a member of the Multi-Million Dollar Club.