Editorial Results (free)
1.
Oakhaven Warehouse Sells After Foreclosure -
Tuesday, May 14, 2013
4120 Air Trans Road, Memphis, TN 38118
Sale Amount: $2.5 million
Sale Date: May 7, 2013
2.
Two Memphis Krystals Sell for $2.5 Million -
Monday, May 13, 2013
A pair of Memphis Krystal restaurants – 2663 Mount Moriah Road in Hickory Hill and 4431 Summer Ave. in Berclair – have sold for a combined $2.5 million.
3.
Virginia Company Buys Poplar Avenue Retail Property -
Tuesday, April 30, 2013
7665 Poplar Ave. Germantown, TN 38138
Sale Amount: $2.9 million
Sale Date: April 19, 2013
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.
Kroger Plans $100 Million Overhaul of Stores -
Thursday, April 25, 2013
The footprint of the city’s dominant grocery store will undergo a facelift worth tens of millions of dollars over the next five years.
Kroger’s Memphis-based Delta Division, which operates 115 Kroger grocery stores and 70 fuel centers in five states, is pumping $100 million into its portfolio.
6.
Cypress Realty Pays $1.7 Million for Office Condos -
Wednesday, April 24, 2013
Memphis-based realty investment fund Cypress Realty Holdings has paid $1.7 million for a trio of office condominiums at 717 White Station Road.
7.
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
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.
Panther Properties Buys Two Cordova Apartments -
Tuesday, April 02, 2013
2350 N. Houston Levee Road and 2323 N. Houston Levee Road
10.
Panther Properties Buys Two Cordova Apartments -
Monday, April 01, 2013
Woburn, Mass.-based Panther Properties Investment LLC has bought a pair of Cordova apartment complexes – the Villas at Grays Creek and the Carrington at Houston Levee – for a combined $44.8 million.
11.
Highwoods Buys Land for International Paper Expansion -
Thursday, March 28, 2013
Highwoods Realty LP has bought two parcels of East Memphis land totaling about 5.1 acres that will be used for International Paper’s headquarters expansion.
12.
Highwoods to Develop International Paper Tower -
Wednesday, March 27, 2013
The future of International Paper Co. in Memphis, where it’s long been based and where it recently reached a deal to solidify its presence here, is taking shape.
13.
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.
14.
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.
15.
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.
16.
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.
17.
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.
18.
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.
19.
In-Rel Files Two Loans on Lynnfield Portfolio -
Thursday, March 14, 2013
A single-purpose entity related to Lake Worth, Fla.-based In-Rel Properties Inc. has filed a pair of $8 million loans on four Lynnfield Road office buildings in East Memphis.
20.
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
21.
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.
22.
Olymbec Files $5.5 Million Mortgage on Brinkley Plaza -
Saturday, March 09, 2013
Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, has filed a $5.45 million mortgage on Brinkley Plaza in Downtown Memphis.
23.
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.
24.
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.
25.
Olymbec Files $5.5 Million Mortgage on Brinkley Plaza -
Wednesday, March 06, 2013
Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, has filed a $5.45 million mortgage on Brinkley Plaza in Downtown Memphis.
26.
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.
27.
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
28.
EdR Purchases Interest in Elauwit Networks -
Saturday, March 02, 2013
EdR – a Memphis-based owner, developer and manager of collegiate housing – has purchased a 10 percent interest in Elauwit Networks, a Charleston, S.C.-based provider of Internet access, high-definition video and telephone service.
29.
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.
30.
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.
31.
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.
32.
EdR Purchases Interest in Elauwit Networks -
Thursday, February 28, 2013
EdR – a Memphis-based owner, developer and manager of collegiate housing – has purchased a 10 percent interest in Elauwit Networks, a Charleston, S.C.-based provider of Internet access, high-definition video and telephone service.
33.
U of M Files Permit for New Residence -
Tuesday, February 26, 2013
3615 Central Ave. Memphis, TN 38111
Permit Cost: $43.5 million
Project Cost: $53 million
34.
Breaking the Mold -
Saturday, February 23, 2013
When Rosemarie Fair was named Broker of the Year in investment sales at last year’s Pinnacle Awards, she became the first woman ever to do so.
Before Fair founded One Source Commercial Inc. in 1993, she worked with Carlisle Corp. in the early 1980s on Beale Street Landing Downtown. She remembers often what her mentor Gene Carlisle taught her – “Somebody will take care of the big stuff, it’s the nickels and dimes that make the difference.”
35.
Carey Watermark Investors Buys Beale Hampton Inn -
Friday, February 22, 2013
The new owner of the Hampton Inn & Suites Memphis-Beale Street at 175 Peabody Place Downtown, has filed a $22.5 million loan on the property after acquiring the 144-room hotel.
36.
Hand Family Files Loan on Local Properties -
Tuesday, February 19, 2013
45 W. E.H. Crump Blvd.
Memphis, TN 38106
Loan Amount: $3.2 million
Loan Date: Feb. 4, 2013
Maturity Date: N/A
Borrower: The Hand Family Realty Co. LLC
Lender: JPMorgan Chase Bank NA
Details: The Hand Family Realty Co. LLC has filed a $3.2 million loan on its Memphis portfolio, including the Anheuser-Busch distribution facility at 45 W. E.H. Crump Blvd. south of Downtown.
37.
Green Line Marketing Doubles Office -
Friday, February 15, 2013
Green Line Marketing Group has outgrown its East Memphis office space due to its expanded staff and client roster.
The boutique agency has signed a 2,000-square-foot lease in Racquet Club Plaza, where it will relocate from its three 350-square-foot executive suites in Clark Tower by the end of the month.
38.
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.
39.
Memphis Marriott Sells for $12.4 Million in Foreclosure -
Tuesday, February 12, 2013
2625 Thousand Oaks Blvd. Memphis, TN 38118
Sale Amount: $12.4 million
40.
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.
41.
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.
42.
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.
43.
Filling the Voids -
Saturday, February 02, 2013
Last year was a banner year for adaptive reuse projects in Midtown and Downtown.
Developers announced plans for the Sears Crosstown building, Overton Square, Hotel Chisca, James Lee House and old United Warehouse in the South Main Historic Arts District. Construction began on The Pyramid, turning it into a 220,000-square-foot mega-Bass Pro Shop Outdoor World, and Memphis in May moved into its new headquarters at 56 S. Front St., a 14,600-square-foot building that’s on the National Register of Historic Places.
44.
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.
45.
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.
46.
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.
47.
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.
48.
Sekisui, Circa to Relocate Spaces -
Thursday, January 10, 2013
Two East Memphis restaurants soon will have new addresses.
Sekisui is moving from its original location in the Shops of Humphreys Center, 50 Humphreys Blvd., into Circa by John Bragg’s space in Regalia Shopping Center at 6150 Poplar Ave., suite 122. Circa plans to relocate west to Chickasaw Crossing, 2855 Poplar, in the space where Ronnie Grisanti’s restaurant operated for years.
49.
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.
50.
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.
51.
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.
52.
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.
53.
Midtown Momentum -
Saturday, December 22, 2012
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.”
54.
Delta Blues Winery LLC Buys 15 Acres in Lakeland -
Tuesday, December 18, 2012
6495 Stewart Road Lakeland, TN 38002
Sale Amount: $165,000
Sale Date: Dec. 10, 2012
55.
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.
56.
Maximizing Your Return on Luck -
Monday, December 17, 2012
Hunkering down in year-end strategic planning sessions, you are probably thinking about what’s next for the economy and how that will affect your business.
Slow down. You should be laser focused on maximizing what Jim Collins, in his book “Great by Choice,” calls your “return on luck” – one of the most important business concepts ever articulated.
57.
California Firm Buys Cordova Retirement Home for $8.7 Million -
Wednesday, December 12, 2012
An affiliate of Long Beach, Calif.-based real estate investment trust HCP Inc. has paid $8.7 million for the Emeritus of Cordova retirement community at 1535 Appling Care Lane in Cordova.
58.
Brooks Brothers Relocating to Saddle Creek -
Friday, December 07, 2012
High-end clothier chain Brooks Brothers plans to open a new location at The Shops of Saddle Creek West in Germantown.
The New York City-based retailer will open in 7,500 square feet of space at 7509 Poplar Ave. by early June, taking over the two suites formerly occupied by Indigo and Talbots Men’s. Indigo last month relocated and expanded two spaces down into the old Natural Body Spa & Shoppe space.
59.
MemShop Latest Boon for Overton Square -
Wednesday, December 05, 2012
A year ago, Loeb Properties Inc. was granted the green light from Memphis City Council for the funds necessary to construct a parking lot and detention pond west of Cooper Street – the last component in the more than $30 million public/private partnership to revitalize the once thriving Overton Square district.
60.
MED Buys East Memphis Land for $3.4 Million -
Tuesday, December 04, 2012
6525 Quince Road Memphis, TN 38119
Sale Amount: $3.4 million
Sale Date: Nov. 16, 2012
61.
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.
62.
Rheumatology Clinic Buys Germantown Office Building -
Tuesday, November 27, 2012
7660 Poplar Pike Germantown, TN 38138
Sale Amount: $986,850
Sale Date: Nov. 14, 2012
63.
Reardon Speaks Out Against City’s Approach to Housing -
Tuesday, November 27, 2012
The University of Memphis professor leading the resistance to a still-forming plan to demolish the city’s last large public housing project says the city’s approach to transforming public housing since the late 1990s hasn’t worked.
64.
Bike Lane Boost -
Monday, November 26, 2012
A year ago, city roads crews were wrapping up the installation of dedicated bike lanes on the two-mile stretch of Madison Avenue between McNeil and Cooper streets – the culmination of an extensive debate that included those radically for or radically against the two-wheeled route that entailed a major road diet and on-street parking.
65.
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.
66.
California Investor Buys Apartments for $25.5 Million -
Wednesday, November 21, 2012
Torrance, Calif.-based Arenda Capital Management LLC has bought its second Memphis-area multifamily property this year, paying $25.5 million for the Grove at Trinity Pointe apartments at 555 Wood Arbor Parkway in Cordova.
67.
Delek Buys Lion Oil Facility for $6.4 Million -
Tuesday, November 20, 2012
1023 Riverside Drive Memphis, TN 38106
Sale Amount: $6.4 million
Sale Date: Nov. 7, 2012
68.
East Memphis Assisted-Living Facility Sells for $11.7 Million -
Monday, November 19, 2012
An affiliate of Long Beach, Calif.-based real estate investment trust HCP Inc. has paid $11.7 million for the Rose Terrace assisted living community at 6015 Primacy Parkway in East Memphis.
69.
Willow Oaks Apartments Sell for $1.5 Million -
Tuesday, November 13, 2012
2429 Ketchum Road Memphis, TN 38114
Sale Amount: $1.5 million
Sale Date: Nov. 2, 2012
70.
Expert: Investors Confound Housing -
Monday, November 12, 2012
The role of investor-driven neighborhoods in Memphis is growing, and the impact on different kinds of neighborhoods is largely unstudied and unknown.
For instance, what does it mean that going into 2012, 54 percent of residential property sales were accounted for by investor purchases from the Real Estate Owned (REO) inventory of foreclosing lenders?
71.
Garland Sells Real Estate to Beat of His Own Drum -
Friday, November 09, 2012
Chris Garland was drawn to the hustle and bustle of the real estate business in his early teens.
72.
Center City Revenue Finance Corp. to Consider Brinkley Plaza Tax Break -
Thursday, November 08, 2012
The Downtown Memphis Commission’s Center City Revenue Finance Corp. (CCRFC) has a full agenda for its Tuesday, Nov. 13, board meeting, with leasing and financing requests for Brinkley Plaza, Toyota Plaza and the Peabody Hotel Tract.
73.
Plan Now for Home Winterization -
Thursday, November 08, 2012
The Appraisal Institute urges homeowners to consider winterizing their properties to potentially lower energy costs, increase comfort in cold months and possibly improve resale value.
The institute encourages homeowners to focus on three main updates for the winter: windows, exterior and furnace.
74.
Mallory-Neely House Reopening Seen as Boon for Victorian Village -
Tuesday, November 06, 2012
Thanks to a new roof and disability compliance, the Mallory-Neely House will be open to the public Fridays and Saturdays beginning Friday, Nov. 9.
Listed on the National Register of Historic Places and located at 652 Adams Ave. in Downtown Memphis’ Victorian Village Historic District, the Mallory-Neely House retains most of the original historic interiors, furniture and artifacts.
75.
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.
76.
Memphis Invest Spent $3.1 Million In Redevelopment -
Wednesday, October 31, 2012
Memphis Invest, a single-family rental real estate investment services firm, sold 164 homes during the third quarter and spent $3.1 million with 58 local small businesses completing redevelopment of those properties. Those companies collectively employ approximately 250 workers.
77.
Rise of House Flipping Focus Of Seminar -
Wednesday, October 31, 2012
The impact of the foreclosure crisis on Shelby County home values is intricate and far-reaching.
Recent estimates by real estate information company Chandler Reports suggest that nearly a quarter of Memphis’ total housing stock are non-owner occupied.
78.
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.
79.
Medical Office Sector Enters Transitional Period -
Monday, October 29, 2012
As the trend for health care mergers intensifies, the city’s medical office market evolves, with some private practices consolidating into hospital systems and others relocating to better serve their patients.
80.
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.
81.
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.
82.
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.
83.
J.D. Byrider Brings First Franchise To Memphis -
Friday, October 26, 2012
The nation’s largest used car franchise company has entered the Memphis market. Carmel, Ind.-based J.D. Byrider has inked 30,900 square feet at 2580 Mount Moriah Road, marking the company’s second Tennessee dealership.
84.
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.
85.
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.
86.
MED Files $1.3 Million Permit for Improvements -
Tuesday, October 09, 2012
877 Jefferson Ave. Memphis, TN 38104
Permit Cost: $1.3 million
Project Cost: TBA
87.
Easy Money -
Monday, October 08, 2012
When the Federal Reserve announced a few weeks ago its newest – i.e., third – round of quantitative easing intended to once again try to juice a sluggish economy, an employee of FTN Financial couldn’t resist a metaphor for the Fed’s open-ended commitment.
88.
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.
89.
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.
90.
Midtown Utopia -
Monday, September 24, 2012
Of Memphis’ tales of humble beginnings, of which there are many, the fluctuating renaissance of the Cooper-Young neighborhood is certainly compelling throughout.
The area has cycled from its 19th century roots to 1970s crime and neglect to its present-day status as one of the largest historic districts in the Southeast, a magnet of all ages and walks of life. All thanks to individuals and organizations that wouldn’t settle for sub-par quality in their tiny town within the bustling Bluff City.
91.
CCDC Passes Two Downtown Projects -
Thursday, September 20, 2012
Two Downtown Memphis projects were propelled Wednesday, Sept. 19, by the Center City Development Corp. while the board was briefed on several of the area’s businesses that are in flux.
92.
Cherry Back to Roots at Dunavant Enterprises -
Thursday, September 06, 2012
Russel Cherry, longtime general counsel at Dunavant Enterprises Inc., grew up in a family that raised sporting dogs and had originally planned to be a veterinarian.
93.
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.
94.
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.
95.
Analyzing Real Estate’s Q2 -
Tuesday, August 14, 2012
THE HOUSING BUST IS OVER, THE REAL ESTATE MARKET HAS FINALLY TURNED THE CORNER … are the words that Realtors and consumers are dying to hear. The second quarter numbers for the Memphis and Shelby County real estate market are encouraging; we could be seeing the end.
96.
EdR Announces Agreement For Penn State Community -
Tuesday, August 07, 2012
EdR, a Memphis-based developer, owner and manager of collegiate housing, has announced a $3 million mezzanine investment and an option-to-purchase agreement with Landmark Properties for The Retreat at State College, a 587-bed, cottage-style community to be built 1.2 miles from the Penn State campus.
97.
Grant Entity Files $20M Loan For Collierville Construction -
Tuesday, August 07, 2012
25 acres north
Of Shea Road
Loan Amount: $20.4 million
Loan Date: July 31, 2012
Maturity Date: Aug. 1, 2017
Borrower: Westbrook Crossing GP
Lender: Magna Bank
98.
B&B Could Spark Victorian Village -
Tuesday, August 07, 2012
Following years of due diligence, the James Lee House in Downtown Memphis could soon be the centerpiece of the Victorian Village master plan.
99.
B&B Development Could Spark Victorian Village -
Monday, August 06, 2012
Following years of due diligence, the James Lee House in Downtown Memphis could soon be the centerpiece of the Victorian Village master plan.
100.
Carriage Crossing Owners File $40 Million Loan -
Friday, August 03, 2012
The new owners of Collierville lifestyle center Carriage Crossing have filed a $40 million loan for the property through Wells Fargo Bank.