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Editorial Results (free)

1. RBCC Law Firm Moving to iBank Tower -

The law firm of Rogers, Berry, Chesney & Cannon PLLC, owner of 1713 Kirby Parkway since 2006, recently sold its office building and will relocate to the iBank building on Poplar Avenue in East Memphis.

2. Former Motel 6 Sells for $1.4 Million -

1321 Sycamore View Road
Memphis, TN 38134
Sale Amount: $1.4 million

Sale Date: Jan. 13, 2014
Buyer: P & S Hospitality LLC
Seller: G6 Hospitality Property LLC
Loan Amount: $1.1 million
Loan Date: Jan. 14, 2014
Maturity Date: N/A
Lender: Argent Bank
Details: The former Motel 6 at 1321 Sycamore View Road in Northeast Memphis has traded hands for $1.4 million.

3. Monticello Apartments Owner Files $9.3 Million Loan -

The owner of the 202-unit Monticello apartments at 3250 Kirby Parkway in Hickory Hill has filed a $9.3 million loan on the property.

4. Shopping Center Group Moving to New Office -

The Shopping Center Group LLC is moving to a new office.

The Memphis office of the Atlanta-based retail real estate brokerage firm, which leases a total of approximately 4 million square feet of retail space and represents 100 retailers, is moving from 773 E. Brookhaven Circle to 5101 Wheelis Drive, Suite 106, at Clark Centre.

5. MRG Sees Flurry of Activity at Marion Center -

In 2008, Memphis-based Makowsky Ringel Greenberg LLC developed The Shops of Angelos Grove retail center in Marion, Ark.

6. BizChair Leases Olive Branch Distribution Space -

BizChair.com, an Internet retailer that specializes in selling chairs and furniture for offices, schools, restaurants, medical facilities, and homes, has inked a lease for around 382,500 square feet at 8631 Polk Lane, inside Olive Branch Distribution Center in Olive Branch, Miss.

7. 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.

8. Eviction Notice -

Managers of apartment complexes and other rental properties in Shelby County used to have a good grapevine or network when it came to trouble tenants, especially drug dealers, who had been evicted.

9. MRG Breaks Ground on Schilling Farms Apartment Complex -

Memphis-based Makowsky Ringel Greenberg LLC is launching a new apartment community at Schilling Farms.

10. Safeways Crime Program Goes for Long Haul -

When Pierce Ledbetter, the CEO of LEDIC Management, signed up his company’s Autumn Ridge apartment complex for the federally funded Safeways anti-crime initiative in 2009, he was nervous.

And his apprehension was soon borne out as residents in the crime-ridden apartment complex reacted to the new regime of police cameras and stricter regulations on trespassers and unannounced visitors.

11. Coffee, Beer Bar Coming Downtown -

Downtown residents and visitors will soon be able to grab a cup of joe, locally brewed beer and a fresh sandwich or salad in one convenient spot.

Taylor Berger, partner in YoLo Frozen Yogurt & Gelato, and partners Mitch Buckner (of Bella Café in Pink Palace) and Daniel Flanagan (of Chiwawa, the newly opened Southern-inspired eatery near Overton Square) have signed a lease for 2,755 square feet of retail space in the ground floor of Van Vleet Flats, 122 Gayoso Ave.

12. Imre Named Assistant Controller at Makowsky Ringel Greenberg -

Nancy Imre has joined Makowsky Ringel Greenberg LLC as assistant controller. Imre is responsible for the real estate management company’s accounting department, overseeing investor reporting and preparation of corporate financial statements.

13. Midtown Momentum -

The Midtown real estate market has long been an anomaly compared to its Bluff City counterparts, with fundamentals as diverse as its demographics.

“The types of real estate that you’ll find in Midtown can be some of the most expensive or some of the most modest when it comes to prices and facility,” said Gary Myers of Gary Myers Co. “Retail in particular.”

14. Makowsky Ringel Greenberg Beefs Up Commercial Team -

Makowsky Ringel Greenberg LLC is sharpening the focus of its commercial real estate division to stabilize its existing portfolio as well as build its third-party brokerage in the Memphis market.

15. Seminar Underscores Commercial Sectors’ Highs, Lows -

Memphis’ commercial real estate market for the most part appears to mirror national trends, with all four sectors boasting challenges and bright spots so far this year.

That was a message a room full of real estate professionals received when The Daily News hosted its second annual Commercial Real Estate seminar Thursday, Nov.1, at the Memphis Brooks Museum of Art, sponsored by Magna Bank and Evans Petree PC.

16. Seminar To Tackle Commercial Conditions -

While many commercial real estate professionals would like to forget about 2011 altogether, celebrating increases in 2012 is necessary for morale.

Shelby County experienced the most second-quarter sales this year since the second quarter of 2008, and the highest quarterly sales revenue since the second quarter of 2007.

17. Kroger Buys Union Space for Expansion -

Kroger has acquired the Belvedere Apartments in Midtown as part of a long-term project to reconfigure the grocery store’s antiquated and challenged layout.

Kroger Delta Division closed Wednesday, Sept. 12, on the 10-story apartment high-rise at 1733 Union Ave. from Belvedere Apartment Inc. The sale includes Belvedere’s attached and front parking areas.

18. Literacy Mid-South’s Dean Appointed to State Coalition -

Kevin Dean, executive director of Literacy Mid-South, has been appointed to the Tennessee Literacy Coalition’s board of directors. The board unanimously approved Dean’s nomination, and he will serve as a representative from West Tennessee for three years.

19. 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.

20. ‘Modified and Decreased’ -

The Memphis condominium market is hoping to gain some positive momentum through the rest of this year thanks to historically low interest rates and decreasing condo supply across the city.

Condo sales in the Memphis area in 2011 are down 27 percent compared to 2010, with 310 sales through July this year versus 422 sales in the same time during 2010, according to real estate information company Chandler Reports, www.chandlerreports.com.

21. MRG Bullish On Multifamily Market -

With pending uncertainty about the housing market, the local multifamily market appears to be staging a healthy comeback.

This year has been especially kind to Makowsky Ringel Greenberg LLC, a 45-year-old commercial real estate firm whose business model is about 80 percent multifamily work.

22. HopeWorks, Businesses Give Hope Through Internships -

A number of local businesses are offering hope to the city’s chronically unemployed in the form of internships that provide real-world, on-the-job training.

The program is coordinated by HopeWorks, a 22-year-old nonprofit, faith-based organization dedicated to helping poor and chronically unemployed Memphians find steady work.

23. Pet Hospital Signs Lease at Corner Shops -

A new pet hospital is among the most recent tenants at The Corner Shops of Canada Road.

The Lakeland Pet Hospital signed a new 3,850-square-foot lease in the 32,500-square-foot center, at the northwest corner of U.S. 64 and Canada Road in Lakeland.

24. 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.

25. MedVet Memphis Builds New Cordova Facility -

555 Trinity Creek Cove
Cordova, TN 38018
Permit Amount: $3 million

Permit Date: Applied August 2010
Completion: May 2011 (open Summer 2011)
Owner: MedVet Memphis LLC
Tenant: MedVet Memphis LLC
Architect: archimania
Contractor: Grinder, Taber & Grinder Inc.

26. Spottswood Property Sells for $680,000 -

Three addresses on Spottswood Avenue have sold to the same buyer for a total $680,000. University Highlands bought apartment complexes at 3417 and 3443 Spottswood Ave. from InSouth Bank for $640,000 and a house at 3435 Spottswood from Sycamore Bank for $40,000.

27. 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.

28. Stratford Place Owner Files $1.4 Million Loan -

1806 and 2098 Poplar Ave.
Memphis, TN 38104
Loan Amount: $1.4 million

Loan Date: Jan. 26, 2010
Maturity Date: N/A
Borrower: Stratford Place LLC
Lender: Union Central Life Insurance Co.

29. Stratford Place Owner Files $1.4 Million Loan -

Stratford Place LLC, the owner of the Stratford Place apartments at 1806 Poplar Ave. and the Midtown Place apartments at 2095 Poplar Ave. in Midtown, has filed a $1.4 million deed of trust, security agreement, assignment and rents and fixture filing statement through Union Central Life Insurance Co. on the properties.

30. Louisiana Investor Buys Arlington Retail Center -

6050 Air Line Road
Arlington, TN 38002
Sale Amount: $1.8 Million

Sale Date: Sept. 2, 2009
Buyer: Southeast Investments LLC
Seller: Pleasant Place LLC, Waymon H. Welch, Danya Welch, Dawn Welch, Jon E. McCreery, Phillip Chamberlain

31. Arlington Center Sells for $1.8 Million -

Southeast Investments LLC of Slidell, La., has bought a 23,952-square-foot retail center at 6050 Air Line Road in Arlington for $1.8 million in a deed in lieu of foreclosure. The sellers were Pleasant Place LLC, Waymon H. Welch, Danya Welch, Dawn Welch, Jon E. McCreery and Phillip Chamberlain. The sale closed Sept. 2.

32. Pera Appointed Special Adviser For ABA Strategic Communications Committee -

Lucian Pera of Adams and Reese LLP has been appointed as a special adviser of the American Bar Association’s Standing Committee on Strategic Communications for a one-year term.

33. Multifamily Market Dominated By Foreclosure Sales -

Apartment complexes can be found throughout Memphis, but lately it seems the center of the multifamily world is on the courthouse steps Downtown.

Foreclosure sales have dominated the industry’s activity in Shelby County of late, with the most lucrative deals occurring as trustees’ deeds after the original owner defaults on a property or as bank sales after the lender reclaims and resells the property.

34. Memphis Multifamily Experiences Mixed Results -

The Memphis multifamily market is garnering mixed reviews as analysts reflect on a relatively stable 2008 while projecting a potentially turbulent 2009.

Though the apartment sector didn’t fare as poorly as office and retail last year, it did endure a host of downward trends, from occupancy to construction to absorption, according to year-end data from the multifamily division of CB Richard Ellis Memphis.

35. Commercial Real Estate Still Dropping, Stanton Says -

Janice Stanton, managing director of investment research for Cushman & Wakefield in New York, discussed the global financial crisis and how it has impacted commercial real estate at Wednesday’s Commercial Property Forecast Summit, at the Germantown Performing Arts Centre and sponsored by the Memphis Area Association of Realtors Commercial Council.

36. Whitehaven Apartments Sell for $1.3 Million -

1033 Whitaker Drive
Memphis, TN 38116
Sale Amount: $1.3 Million

Sale Date: July 30, 2008
Buyer: Geoffrey Sinckler
Seller: Whitaker Place Associates
Loan Amount: $1.5 million
Loan Date: July 30, 2008
Maturity Date: Aug. 1, 2011
Lender: Regions Bank

37. OrthoOne Secures Land For New Facility -

3.57 Acres on Market Center Drive
Collierville, TN 38017
Sale Amount: $914,513

Sale Date: April 25, 2008
Buyer: Attilla Group LLC
Seller: MED-A.R.M. Inc.
Loan Amount: $3.5 million
Loan Date: April 25, 2008
Maturity Date: N/A
Lender: Magna Bank

38. Schilling Farms Land Sells for $2.4M -

     A group of investors related to Belz Enterprises Inc. and Makowsky Ringel Greenberg LLC has bought 18.31 acres of land in Collierville's Schilling Farms Planned Development for $2.4 million from Colonial Properties LLC.
     The buying entities and their percentage of ownership are Belz Investco GP (50 percent); LMR LP (31.22 percent); LMR V LP (17.78 percent); and MRG LLC (1 percent). The sale closed May 1.
     The property, which is on the north side of Winchester Road near West Schilling Blvd., eventually will be developed into multifamily housing, said Michael Greenberg, CEO of Makowsky Ringel Greenberg.
     "It's premature, although our plan pretty far down the line will be to develop it for apartments," Greenberg said. "The land is vacant and zoned, and we're just now going into the design process, so it will be a while before we submit plans and try to pull permits."
     Despite not being able to pin down a timeline, Greenberg said it made sense to invest in Schilling Farms and Collierville.
     "We think Collierville is a good market," he said.
     Schilling Farms is a $350 million, 443-acre, mixed-use planned development on the western edge of Collierville. It's being developed by Boyle Investment Co.
     The seller, Colonial Properties, bought the land in June 2006 for $2.2 million from Runnels Family Holdings LLC.
     

...

39. The Laurels' Greenberg Pins Sales Hopes On Insulated Buyers -

Aside from a concrete foundation and the rebar rising from it, there isn't much to see at the fenced-in construction site on the northeast corner of Central Avenue and Highland Street.

But Michael Greenberg clearly envisions the location's finished project - a $13.2 million condominium project called The Laurels.

40. 2007's Top RealtorsHonored by MAAR -      The Memphis Area Association of Realtors recently handed out awards at its annual gala, including one to John Linthicum of Crye-Leike Inc., who was named 2007 Realtor of the Year. Randy Jefferson of The Hobson Co. Realto

41. Archived Article -

The Laurels condos at
Highland Street and Central Avenue
Loan Amount: $10.5 million

Loan Date: Nov. 13, 2007

42. MRG Files $10.5M LoanFor The Laurels Condos -      Makowsky Ringel Greenberg LLC has filed a construction loan for The Laurels condominiums at Highland Street and Central Avenue, and site work currently is under way.
     MRG, under the name

43. Proposed Apartment Development Draws Opposition from Neighbors -

Makowsky Ringel Greenberg LLC is planning to build a four-story apartment building with a maximum of 202 units and an accompanying parking garage along a tree-lined, residential stretch of Park Avenue.

44. MAAR ElectsBoard of Directors -      Members of the Memphis Area Association of Realtors (MAAR) elected five directors to the organization's board at last week's annual meeting.
     The new directors are Bill Maury of Hobson Co

45. Subprime Fallout Could be Boon for Apartments -

If any industry stands to gain from the subprime lending debacle, in which foreclosures continue to escalate, it's the multifamily market. Because as people lose their homes and look for a place to land, their only option is renting.

46. Multifamily Housing Market Remains Strong, Even With Lower Occupancies -

Bolstered by a healthy local economy - most notably the area's highest job growth in five years - the Memphis multifamily housing market enjoyed a strong 2006 despite declining occupancy rates.

In other words, a steady new stream of workers kept the demand for apartments high, helping fill Class A and B properties and bumping up overall rental prices.

47. The Slowdown Lowdown -

People who used the phrase "safe as houses" to sum up the residential construction market in Shelby County from late 2004 to late 2005 might seek less exemplary terms to describe the slowdown during that period.

48. Westbury Apartments Refinanced for $22 Million -

Westbury Apartment Homes
Near Windyke Country Club
Loan Amount: $22.1 million

Loan Date: Sept. 12, 2006

49. Shops at Highland Development Near University of Memphis Moves Forward -

Although he doesn't own a crystal ball, Josh Poag said he hopes to see The Shops at Highland University on the Highland Strip positively influence the area surrounding the University of Memphis.

Poag, executive vice president of Memphis-based real estate firm Poag & McEwen Lifestyle Centers, once lived in the area and said he thinks the community around the university is a great neighborhood with a lot of potential.

50. What's Cooking on the Highland Strip? -

A few months ago, Marty Roberts was scouting for possible sites for a small retail complex. He bought what he considered a promising piece of vacant land along Park Avenue, where he's planning to begin construction soon on a 4,400-square-foot strip center.

51. More Apartment Communities Go to Outsiders -

If you're an investor looking to spend some cash in the multifamily market, chances are the grass looks greener on the other side of the fence - maybe several states away.

That's been proven recently in Memphis, where several apartment properties have been snapped up quietly by out-of-town investment companies.

52. Condos On Tap For U of M Area - Development company Makowsky Ringel Greenberg LLC is planning to build a four-story, 40-unit condominium building at the corner of Highland Street and Central Avenue. The Redeemer Lutheran Church there will be torn down to make way for the new buildi

53. Shenandoah Group Buys Woodcrest Apartments -

170 N. Hollywood St.
Memphis, TN 38127
Cost: $1.5 million

Buyer: Shenandoah Group LLC

Seller: Lauburn Investments LLC, William A. Mathis and Charles M. Mathis

54. Katrina Victims Seek Short-Term Housing Options -

Shelters for Hurricane Katrina evacuees are scattered throughout the Memphis area, but for some who were displaced by the storm, the reality is that they will find themselves in this region for months, not weeks.

55. Apartment Market Continues to Struggle -

With mortgage interest rates remaining at low levels, potential homebuyers continue to flock to the single-family home market rather than opting to rent.

Apartment vacancy rates remain high in the local market, but some area property owners are seeing slight improvement in the numbers, despite a recent report in The Wall Street Journal that ranks Memphis in the bottom tier nationwide for vacancies.

56. Archived Article: Newsmakers - HEADLINE

AdFed Names Pyramid Award Winners

The Memphis Advertising Federation named Robert Vornbrock and Glenna Rogers-Ward ad man and ad woman of the year at its 2005 Pyramid Awards ceremony. Vornbrock, president of diversified communications...

57. Archived Article: Lead - New Shopping Centers Create Stronger Competition

Existing Retailers Brace for Competition

New malls will mean three super-regional retail hubs

LANCE ALLAN

The Daily News

With three large-scale, open-air shopping malls in the works two...

58. Archived Article: Newsmakers - YMCA Appoints Senior Vice President for Development

YMCA Appoints Senior Development Officer

Rorie Trammel was promoted to senior vice president for development and community relations for YMCA of Memphis and the Mid-South. Trammel joined the ...

59. Archived Article: Real - Multifamily Market Sees Mixed Results

Apartment Occupancy Low, Property Sales High

LANCE ALLAN

The Daily News

As low mortgage interest rates continue to drive single-family home sales in Metro Memphis, many apartment dwellers are abandon...

60. Archived Article: Lead - Icy Weather Could Mean Busy Courts

Winter Weather Could Mean Busy Courts

Storm leads to premises liability issues for businesses

LANCE ALLAN

The Daily News

When the winter storm came through Memphis recently, it surprised more than we...

61. Archived Article: Special Report (lead) - Commercial data

Investors Heat Up Commercial Market

Land, multifamily and office sales improve in first-half 2004

LANCE ALLAN

The Daily News

Real estate is moving in Metro Memphis, at least if the number of commercial transactions ove...

62. Archived Article: Annex (lead) - Annexation Affects More Than Residents

Rising Taxes Hit Commercial Properties

Landlords adjust to annexation-driven tax increases

LANCE ALLAN

The Daily News

When an unincorporated area of Shelby County is annexed by the city of Memphi...

63. Archived Article: Desoto (lead) - Vickie DuPree

DeSoto Blossoms Into Commercial Hub

As countys population grows, industry and retail follow

ANDY MEEK

The Daily News

When it comes to DeSoto Countys steady growth as an industrial and commercial center, Vickie DuPree, ex...

64. Archived Article: Hh Retail (lead) - Hickory Hill

As Hickory Hill Evolves, Retailers Adapt

Stores shift focus to local, not regional, shoppers

LANCE ALLAN

The Daily News

It wasnt so long ago that Metro Memphis had two major retail centers, each anchored by a sparkling ne...

65. Archived Article: Real Focus - Real

Winchester: Not Another Germantown Parkway

LANCE ALLAN

The Daily News

Germantown Parkway, once a road without any reason for stoplights, now has too many to count, due in large part to commercial development that has taken place in ...

66. Archived Article: Spcl Report (lead) - Real lead

Rates Drive 03 Real Estate Growth

The Daily News sees continued momentum in 04

LANCE ALLAN

The Daily News

The Memphis real estate market saw heavy activity in 2003, as warranty deed transactions increased by 17 percent, acco...

67. Archived Article: Real Focus - Real

Mall Closure Changes Face of Retail Area

LANCE ALLAN

The Daily News

When the Mall of Memphis closes its doors Wednesday, it will mark the end of an era for the shopping centers Southeast Memphis home. Once the retail mecca of Metro ...

68. Archived Article: Real Focus - Real

Apartments Struggle With Low Interest Rates

LANCE ALLAN

The Daily News

Pay $720 for a tiny, one-bedroom apartment, or an extra $120 a month for a three-bedroom house. Thats the decision University of Memphis grad Robert Goode faced ...

69. Archived Article: Daily Digest - Monticello Apartments

Monticello Apartments

Sell for $9.7 Million

An investment group led by Makowsky Ringel Greenberg LLC has acquired the Monticello Apartments at 3250 Kirby Parkway for $9.7 million. Blake Pera and Steve Rudesill of CB Ri...

70. Archived Article: Schnucks (lead) - Lead

Schnucks Adds to Cordova Competition

Grocer to anchor center across street from Kroger

LANCE ALLAN

The Daily News

Site work has begun on a 93,000-square-foot retail center that, when finished next year, will bring Schnucks 13th g...

71. Archived Article: Lakeland (lead) - Lead

Highway 64 Sees More Retail Growth

Big-box retailers could continue to move east

LANCE ALLAN

The Daily News

When Makowsky Ringel Greenberg LLC opens its latest retail development along U.S. Highway 64 in the Lakeland area, it wil...

72. Archived Article: Marketplace - There are no titles, acronyms or organizational titles for the city of Memphis annual Thanksgiving dinner for the less fortun

City pools resources for massive Thanksgiving feed

By ANDREW BELL

The Daily News

There are no titles, acronyms ...

73. Archived Article: Memos - Mark Askew, principal-in-charge of Memphis engineering firm Askew, Hargraves, Harcourt & Associates, was installed as presiden

Mark Askew, principal-in-charge of Memphis engineering firm Askew, Hargraves, Harcourt & Associates, was instal...

74. Archived Article: Real Review - Allen & OHara, Fremont Realty Allen & OHara, Fremont Realty team up for national acquisitions Allen & OHara Inc. has entered into a strategic partnership with Fremont Realty Capital LP to capitalize Education Properties Trust LLC, an acq...

75. Archived Article: Real Focus (us64) - U U.S. 64 reclaims rural roots east of interstate By KATHLEEN BURT The Daily News Turning right off the exit ramp of Interstate 40 at U.S. Highway 64 is similar to turning to a different world. The bright lights, big city feel growing to the west a ...