4120 Air Trans Road, Memphis, TN 38118

Sale Amount: $2.5 million

Sale Date: May 7, 2013

2. Construction Lending Still Facing Tepid Improvement - Saturday, May 11, 2013

As the economy starts to rebound, local lenders like Magna Bank, First Tennessee Bank and Renasant Bank are seeing moderate improvement in activity for new commercial and residential construction projects, and competition is intensifying to land deals.

3. Industrial, East Memphis Office Sectors Bolster CRE - Friday, May 10, 2013

The local commercial real estate market is a tale of two sectors, with the industrial sector showing signs of improvement while the overall office sector – outside the prized East Memphis submarket – continues to struggle through the first three months of the year, according to recent reports.

4. Cates Named Commercial Broker of Year - Monday, April 29, 2013

The Memphis Area Association of Realtors Commercial Council honored its most productive members of 2012 at the 12th annual Pinnacle Awards gala, held Thursday, April 25, at the Memphis Country Club.

5. Four-Way Self Storage Facility Sells for $1.3 Million - Tuesday, April 23, 2013

6780 Country Park Drive Memphis, TN 38134

Sale Amount: $1.3 million

Sale Date: April 9, 2013

6. Landings Apartment Owner Files $8.7 Million Loan - Friday, April 19, 2013

The owner of the 292-unit Landings apartments at 3550 Brownbark Drive in Hickory Hill has filed an $8.7 million loan on the property.

7. Canterbury Woods Owner Files Loan on Property - Tuesday, April 09, 2013

The owner of the 400-unit Canterbury Woods apartments at 6520 Macon Road has filed a $9.8 million loan on the property.

8. Commercial Practitioners Have Voice With Council - Tuesday, April 09, 2013

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.

9. Berclair Dollar General Sells for Almost $1 Million - Tuesday, March 26, 2013

3443 Jackson Ave., Memphis, TN 38122

Sale Amount: $971,000
Sale Date: March 14, 2013
Buyer: VM Property Investments LLC
Seller: Ware Properties LLC
Loan Amount: $679,700
Loan Date: March 14, 2013
Maturity Date: N/A
Lender: US Bank NA
Details: The 9,160-square-foot Dollar General store at 3433 Jackson Ave. in Berclair has sold for $971,000.

10. Freeport, Raines Warehouses Sell for $19.4 Million - Tuesday, March 19, 2013

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

11. 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.

12. New York Firm Buys Distribution Center for $24.7 Million - Monday, March 18, 2013

Gramercy Capital Corp. has acquired Hacks Cross Logistics Center Building 1 in Olive Branch for $24.7 million from Hillwood Investment Properties.

13. Boyle Celebrates 80 Years, Sponsors Art Exhibit - Monday, March 18, 2013

Boyle Investment Co. turns 80 this year, and has partnered with the Memphis Brooks Museum of Art to celebrate.

14. Reappraisal to Impact Office Market - Monday, March 18, 2013

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.

15. Gramercy Capital Acquires $25 Million Distribution Facility - Friday, March 15, 2013

Gramercy Capital Corp. has acquired Hacks Cross Logistics Center Building 1 in Olive Branch for $24.65 million from Hillwood Investment Properties.

16. Apperson Crump Expands in Triad III - Friday, March 15, 2013

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.

17. FedEx Headquarters Building Sells for $22.6 Million - Tuesday, March 12, 2013

942 S. Shady Grove Road Memphis, TN 38119

Sale Amount: $22.6 million

Sale Date: Feb. 21, 2013

18. Commercial Professionals Achieve Designations - Saturday, March 09, 2013

Eleven members of local professional organizations in commercial real estate reached elite status in 2012 in their respective fields, which include the Memphis metro area’s appraisers, commercial brokers and property managers.

19. Patterson Warehouses Adds Space - Friday, March 08, 2013

Patterson Warehouses Inc. is boosting its longtime local presence with a new lease in DeSoto County.

The renowned player in Memphis’ third-party logistics industry is leasing 237,952 square feet of Class A space in Marathon Distribution Center, 295 Marathon Way in Southaven.

20. Denver, Atlanta Companies Close on Second Purchase - Thursday, March 07, 2013

A partnership between real estate investment companies from Denver and Atlanta has closed on another industrial purchase in Oakhaven.

Operating as 3884 Crowfarn Drive LLC, Denver-based Amstar and Atlanta-based Huntington Industrial Partners bought a 158,175-square-foot industrial facility at 3810 Crowfarn Drive for $1.2 million.

21. FedEx Headquarters Building Sells for $22.6 Million - Wednesday, March 06, 2013

The building that houses the corporate headquarters of FedEx Corp. at 942 S. Shady Grove Road in East Memphis has sold for $22.6 million.

22. Lower Property Values Sink Revenues - Wednesday, March 06, 2013

The first formal notices of 2013 Shelby County property values in the once-every-four-years reappraisal for taxation purposes were mailed Monday, March 4, to owners of commercial and industrial cost properties as well as homeowners in Hickory Hill, Whitehaven and parts of Southwest Memphis.

23. Commercial Professionals Achieve Designations - Tuesday, March 05, 2013

Eleven members of local professional organizations in commercial real estate reached elite status in 2012 in their respective fields, which include the Memphis metro area’s appraisers, commercial brokers and property managers.

24. California Company Buys Former Quebecor Facility - Tuesday, March 05, 2013

828 E. Holmes Road Memphis, TN 38116

Sale Amount: $2.7 million

Sale Date: Feb. 15, 2013

25. Olymbec USA LLC Buys Again in Memphis - Saturday, March 02, 2013

Olymbec USA LLC has acquired 40,000 square feet of land and three small shed buildings totaling 12,000 square feet at 373 W. Brooks Road through a January auction from the Estate of George E. Smith for $50,600.

26. South Main’s New Life - Saturday, March 02, 2013

The history of the South Main Historic Arts District is as colorful as its present-day users, an alternating rhythm of sorts in Memphis’ songbook.

The area has oscillated from its ritzy suburban roots of the 1800s to the industrial era ghost town of the 20th century and now to its current status as Downtown’s flourishing arts and boutique district and the subject of some $100 million in investment. And it’s all due to stakeholders who braved the status quo in distinguishing the southern end of the Central Business District as that funky place with an indescribable vibe.

27. Olymbec USA LLC Buys Again in Memphis - Friday, March 01, 2013

Olymbec USA LLC has acquired 40,000 square feet of land and three small shed buildings totaling 12,000 square feet at 373 W. Brooks Road through a January auction from the Estate of George E. Smith for $50,600.

28. Pinnacle Awards Entries Due Friday - Thursday, February 14, 2013

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.

29. Arnot Joins Hillwood as Market Director - Saturday, February 09, 2013

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.

30. Arnot Joins Hillwood as Market Director - Friday, February 08, 2013

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.

31. Madewell Coming to Saddle Creek - Friday, February 08, 2013

The Shops of Saddle Creek in Germantown will soon gain another national retailer with no other presence in Tennessee.

Madewell, a subsidiary of J. Crew Group Inc., has signed a 3,061-square-foot lease in The Shops of Saddle Creek North, 7509 Poplar Ave., in part of the space that was previously The Gap in between James Avery Jewelry and Brighton Collectables.

32. Loeb: City Should Increase Investment in Urban Core - Thursday, January 31, 2013

The relevance of Overton Square is that it’s one of many initiatives the city has in place to make Memphis a better place and a city of choice for the millennial generation.

Seventy-seven percent of those born from the early 1980s to the early 2000s want to live in the urban core and to drive less.

33. Hillwood Partnership Buys Airways Distribution Center - Saturday, January 26, 2013

Dallas-based Hillwood Investment Properties, in a partnership with Toronto-based Brookfield Asset Management Inc. and the Hillwood-Brookfield Industrial Partners fund, acquired the 556,000-square-foot Airways Distribution Center Building D in the DeSoto County submarket.

34. Hillwood Partnership Acquires Airways Distribution Center - Friday, January 25, 2013

Dallas-based Hillwood Investment Properties, in a partnership with Toronto-based Brookfield Asset Management Inc. and the Hillwood-Brookfield Industrial Partners fund, acquired the 556,000-square-foot Airways Distribution Center Building D in the DeSoto County submarket.

35. Victory Packaging Relocates to Memphis - Friday, January 18, 2013

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.

36. Realty Income Corp. Buys Herbalife Facility - Tuesday, January 15, 2013

5025 Crumpler Road Memphis, TN 38141

Sale Amount: $16.6 million

37. Deadline Fast Approaching for Pinnacle Awards - Tuesday, January 15, 2013

The Memphis Area Association of Realtors Commercial Council is well under way in planning the 12th annual Pinnacle Awards ceremony, a night dedicated to showcasing commercial real estate industry professionals in the area.

38. Owner Files $9.1 Million Loan on Hickory Hill Warehouse - Thursday, January 10, 2013

An affiliate of Denver-based Industrial Income Trust has filed a $9.1 million loan on the 437,740-square-foot warehouse at 6380 Holmes Road in Hickory Hill.

39. Realty Income Corp. Buys Herbalife Facility - Wednesday, January 09, 2013

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.

40. Exeter Buys West Memphis Warehouse for $15.6 Million - Friday, January 04, 2013

Pennsylvania-based Exeter Property Group has snatched up the Smucker’s distribution warehouse in West Memphis for $15.6 million.

The 600,000-square-foot facility was a foreclosed property from Bank of America, which was selling it with a year-end anticipated closing, said Matt Brodnik, Exeter’s director of capital markets.

41. Changing Market - Wednesday, January 02, 2013

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.

42. CashSaver Trades Hands for $3.2 Million - Friday, December 28, 2012

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.

43. Milwaukee Electric Tool Building Bought by Monmouth for $28 Million - Wednesday, December 26, 2012

Freehold, N.J.-based Monmouth Real Estate Investment Corp. has acquired the Milwaukee Electric Tool Corp. building at 12385 Crossroads Drive in Olive Branch for $28 million.

44. Makowsky Ringel Greenberg Beefs Up Commercial Team - Tuesday, December 18, 2012

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.

45. 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.

46. Fairway Manor to Rise in Westwood - Thursday, December 13, 2012

An $8.5 million public housing project called Fairway Manor soon will break ground in Westwood’s 38109 ZIP code.

The facility at 12 W. Fairway Ave. will include a three-story senior living space and a seven-building townhouse apartment complex with clubhouse. The 110,000-square-foot project will contain 96 units between the two properties.

47. NAI Saig Well-Positioned for Real Estate Rebound - Monday, December 03, 2012

Commercial real estate is making a strong come back for one Memphis brokerage firm as previously shelved projects come roaring back to life.

Edward Saig said that a rise of activity in 2012 demonstrates the ability of banks to lend in an era of tight regulation.

48. Community, Real Estate Drive Crye-Leike’s Fuhrman - Monday, December 03, 2012

Crye-Leike Commercial Real Estate president and managing broker Eric Fuhrman is a busy man.

For starters, he is in charge of a bustling division of one of the largest real estate firms in the country.

49. 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.

50. 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.

51. 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.

52. 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

53. Seminar Underscores Commercial Sectors’ Highs, Lows - Monday, November 05, 2012

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.

54. Connecting Tenants With Space Keeps Acker Robison Thriving - Monday, October 29, 2012

For 11 years now, Acker Robison Realty has been helping businesses around the Memphis area with their commercial real estate needs.

The boutique firm, founded by Michael Robison in 2001, handles the full gamut of commercial brokerage services, representing landlords and tenants, purchasers and sellers in the office, industrial and retail sectors.

55. Capital Influx - Monday, October 29, 2012

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.

56. Brinkley Plaza Sells to Olymbec for $7.2 Million - Monday, October 29, 2012

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.

57. Brinkley Plaza Sells to Olymbec for $7.2M - Friday, October 26, 2012

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.

58. 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

59. Mallory Alexander Debuts New Space - Tuesday, October 23, 2012

When Mallory Alexander International Logistics moved into what had been the Freightliner warehouse in the Delp Distribution Center in early 2011, there was much to do.

So much that Mallory didn’t get around to marking the move until last week with an open house for customers and others in the business.

60. Seminar To Tackle Commercial Conditions - Tuesday, October 23, 2012

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.

61. 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.

62. 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.

63. 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.

64. 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.

65. Path Brings McKinnon Back to Initial Choice - Thursday, September 27, 2012

Andrea McKinnon’s fervor for the law was cultivated in middle school social studies classes.

“From a young kid, I always wanted to go to law school,” McKinnon said. “In fact, I thought I wanted to be a judge when I was a little kid. I’m not sure why, I think it was in sixth or seventh grade, I was fascinated with things about the courts and the Supreme Court. I sort of declared that that was something I was going to do later.”

66. Snyder’s-Lance Signs Deal In Southaven - Friday, September 21, 2012

A well-known snack food company has boosted its distribution presence in the Memphis area.

Snyder’s-Lance Inc. signed a 26,757-square-foot lease at Airways Distribution Center Building F, 8425 Airways Blvd., in Southaven.

67. Panda to Build Restaurant On Winchester Outparcel - Monday, September 03, 2012

7525 Winchester Road
Memphis, TN 38125

Permit Cost: $791,345

Project Cost: N/A

68. Daves Quickly Climbing Commercial Real Estate Ranks - Friday, August 31, 2012

In Bryce Daves’ three years in the commercial real estate business, he’s quickly climbed the ranks to lease some 2 million square feet of property.

The CB Richard Ellis Memphis associate was promoted in March to leasing agent for Bellbrook Industrial Park – a 13-building campus in the southwest Memphis industrial submarket totaling more than 1.6 million square feet spread over 100 acres.

69. Millstone Medical Expands Local Operations - Friday, August 31, 2012

Fall River, Mass.-based Millstone Medical Outsourcing LLC is relocating its Memphis operations to a larger Olive Branch facility to broaden services and capacity.

70. Commercial Sales Drop 36 Percent - Tuesday, August 28, 2012

Local commercial real estate sales in July posted a 36 percent decrease from the same period a year ago.

Shelby County saw 41 sales last month, down from 64 sales in July 2011, according to the latest information from real estate information company Chandler Reports, www.chandlerreports.com.

71. 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.

72. Raines Road Warehouse Sells for $2.3 Million - Tuesday, August 14, 2012

4049 E. Raines Road
Memphis, TN 38118

Sale Amount: $2.3 million

Sale Date: Aug. 3, 2012

73. Hickory Hill Warehouse Sells for $1.3 Million - Tuesday, July 17, 2012

5837 Distribution Drive
Memphis, TN 38141

Sale Amount: $1.3 million

Sale Date: July 11, 2012

74. Hillwood Buys Industrial Portfolio for $37M - Tuesday, July 17, 2012

Hillwood Investment Properties has bought an industrial portfolio in Southeast Memphis for $37.25 million from TIAA Realty Inc., augmenting the Dallas-based commercial real estate firm’s budding local footprint.

75. Teleflex Lease Marks Largest In Two Years - Tuesday, July 17, 2012

Medical device company Teleflex Inc. has inked a substantial lease in DeSoto County, continuing to reduce the availability of Class A bulk inventory in the local industrial market.

76. Hillwood Buys Industrial Portfolio for $37M - Monday, July 16, 2012

Hillwood Investment Properties has bought an industrial portfolio in Southeast Memphis for $37.25 million from TIAA Realty Inc., augmenting the Dallas-based commercial real estate firm’s budding local footprint.

77. Hickory Hill Warehouse Sells for $1.3 Million - Monday, July 16, 2012

Memphis-based CLI Inc. has bought the 102,570-square-foot warehouse at 5837 Distribution Drive in Hickory Hill for $1.3 million from Tenoh LLC. The sale closed July 11.

78. StyleCraft Signs Lease At Airways Building E - Friday, July 13, 2012

Home decor company StyleCraft Home Collection Inc. has signed a 167,600-square-foot lease at Industrial Developments International’s Airways Distribution Center Building E.

79. Praxair Files $2M Permit App for Pidgeon Park Site Work - Tuesday, July 10, 2012

3587 Paul R. Lowry Road
Memphis, TN 38109
Permit Cost: $2 million

Permit Date: Applied June 2012
Owner: Praxair Inc.
Tenant: Praxair Inc.
Contractor: W.G. Yates & Sons Construction Co.
Details: Praxair Inc., an industrial gases company that operates an air separation complex in Frank C. Pidgeon Industrial Park, has filed a $2 million building permit application to lay a foundation at its facility, 3587 Paul. R. Lowry Road.

80. Firms Make Investments in Memphis Distribution - Tuesday, July 10, 2012

In the past month, a pair of out-of-town firms have scooped up local distribution warehouses, growing its Memphis industrial real estate portfolio and planning for more.

Montreal-based Olymbec USA LLC recently closed on its $1.5 million purchase of 3615 Lamar Ave. from an entity affiliated with Miami-based loan servicer LNR Partners LLC.

81. 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.

82. 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.

83. 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.

84. G&I Sells 2 Multifamily Sites For Combined $55.8 Million - Tuesday, July 03, 2012

160 Madison Farms Drive
Collierville, TN 38017

Sale Amount: $32 million

Sale Date: June 20, 2012

85. Literacy Mid-South’s Dean Appointed to State Coalition - Wednesday, June 27, 2012

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.

86. Madison at Schilling Farms Sells for $32 Million - Tuesday, June 26, 2012

Arenda Capital Management, a Los Angeles-based private real estate investment firm, has bought the 324-unit Madison at Schilling Farms apartment complex in Collierville for $32 million.

Arenda, working under the name Madison 324 LLC, closed on the purchase from G&I IV Madison LP on Wednesday, June 20. G&I is a joint venture between New York-based investment advisor DRA Advisors LLC and Memphis’ Fogelman Properties.

87. Exeter Closes On Acquisition Of ProLogis Properties - Friday, June 15, 2012

Pennsylvania-based Exeter Property Group has closed on its acquisition of 10 Memphis-area industrial buildings for $40 million from San Francisco-based ProLogis Inc.

88. MEPPI Files $155M Permit App For Rivergate Plant, Office - Tuesday, June 12, 2012

2865 Riverport Road
Memphis, TN 38109

Permit Cost: $155 million

Permit Date: Applied June 2012

89. Gill Presses on Despite Enduring 4th Recession - Monday, June 11, 2012

Ray Gill, president of Gill Properties, got into commercial real estate because of his interest in land but now wishes he’d spent some time reading palms and tarot cards.

90. Tax Factor - Monday, June 11, 2012

A few months ago, Memphis Mayor A C Wharton Jr. was recounting to an audience of businessmen a recent breakfast he’d had with a site location agent.

That agent had a client out of California looking at sites in the Memphis area for a project. The location agent had drawn up what the financials for the project might look like – and it included $25,000 in attorney’s fees.

91. Fla. Company Buys Cordova Retail Center - Friday, June 08, 2012

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

92. DRA Advisors Closes on Two Shelby Drive Warehouses - Friday, June 01, 2012

New York-based DRA Advisors LLC has closed on two Memphis warehouse properties for $12.3 million, as part of a larger portfolio purchase from Houston-based Weingarten Realty Investors.

93. 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:

94. Commercial Advisors Grows CRE Portfolio - Thursday, May 31, 2012

Cushman & Wakefield/Commercial Advisors Asset Services LLC is on a roll, picking up various leasing and management assignments that have brought its office and industrial involvement to 17.8 million square feet.

95. Poag, N.Y. Investor Buy The Avenue - Friday, May 11, 2012

The Avenue Collierville – the largest lifestyle center in the Memphis metropolitan area at Houston Levee Road and Bill Morris Parkway – has been bought by an affiliate of Memphis-based Poag Lifestyle Centers.

96. Poag, N.Y. Investor Buy The Avenue - Thursday, May 10, 2012

The Avenue Collierville – the largest lifestyle center in the Memphis metropolitan area at Houston Levee Road and Bill Morris Parkway – has been bought by an affiliate of Memphis-based Poag Lifestyle Centers.

97. Forum Addresses Latest HUD, Real Estate Trends - Monday, May 07, 2012

People who receive housing counseling before they borrow are much less likely to default. Research shows that 75 percent of at-risk homeowners who meet with U.S. Department of Housing and Urban Development housing counselors and attend loss mitigation programs won’t be foreclosed.

98. 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.

99. Experience Helps Harckum Lead Versant, CSCMP - Monday, April 30, 2012

When supply chain executives from different businesses in Memphis get together, they talk about each other, said Glen Harckum, chairman of the local Council of Supply Chain Management Professionals.

100. Pera, Lightman, Rainer V Take Top Pinnacle Awards - Thursday, April 26, 2012

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.