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Editorial Results (free)

1. 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.

2. Pinnacle Apartments Sell for $3.8 Million -

An affiliate of Woodbury, N.Y.-based CLK Properties has paid $3.8 million for the 118-unit Pinnacle Apartments at 305 S. Bellevue Blvd. in Midtown.

3. Is Hot Market for IPOs Cooling? -

NEW YORK (AP) – A hot market for initial public offerings may soon face a cooler reception from investors.

IPOs are having their best start to a year since 2000. Eighty-nine companies have raised $19 billion through sales of new stock so far in 2014. But demand for more offerings depends largely on the health of the broader market, and after last week's sell-off, the clamor from buyers may quiet down.

4. Enjoy the Brewery While It's Still Here -

I’ve been looking at the Tennessee Brewery for years. I used to have an office next door, and now from my agency’s current location, I can see its majestic, Romanesque arched windows towering over the South Main Arts District.

5. Glencore Grain Buys 2 Industrial Properties -

An affiliate of Swiss commodities giant Glencore International AG has bought warehouses at 1824 Frisco Ave. and 2452 Frisco Ave. in the Defense Depot area.

6. Loeb Midtown Center Now Fully Leased -

Loeb Properties’ Belvedere Collection on Union Avenue in Midtown is 100 percent leased.

Agilitas USA Inc., operating as Results Physiotherapy, signed a new lease for 2,280 square feet in Suites 105-106 at the retail strip center.

7. New Perspective -

When the U.S. Postal Service closed its branch office at 826 Mississippi Blvd. near E.H. Crump Boulevard in 2012, workers carted off an oil painting that hung there for several decades with little thought about the man portrayed in the painting.

8. Stephens Joins Maintenance Team at Commercial Advisors -

Timothy Stephens has joined Cushman & Wakefield/Commercial Advisors as a maintenance mechanic at One Commerce Square. In his new role, Stephens will performing plumbing, painting and general maintenance services.

9. City Blight Effort Faulted in Audit -

Memphis Mayor A C Wharton Jr. came up with the anti-blight initiative 25 Square specifically to attack overgrown lots in a systematic and targeted approach.

But the city’s internal auditors concluded in a report released this week that city leaders of the “grass mitigation” program didn’t use a “targeted approach” at all.

10. Falls Building Owner Files $6 Million Loan -

The owner of the Falls Building at 22 N. Front St. has filed a $6 million loan for the Downtown high-rise office tower.

11. Hillview Village Apartments Sell for $5.9 Million -

2051 E. Alcy Road
Memphis, TN 38114
Sale Amount: $5.9 million

Sale Date: March 27, 2014
Buyer: 2013 Hillview LP
Seller: Alcy Partners LP
Details: The 265-unit Hillview Village Apartments at 2051 E. Alcy Road in the Defense Depot neighborhood have sold for $5.9 million.

12. Pahlow Wins Broker of the Year -

After enduring early struggles in his commercial real estate career, Scott Pahlow has reached the top of his industry.

Pahlow, an executive vice president with Newmark Grubb Memphis, was named Commercial Broker of the Year Thursday night at the Memphis Area Association of Realtors Commercial Council’s 13th annual Pinnacle Awards gala.

13. Trustee’s Texts Reaching Tardy Taxpayers -

Shelby County Trustee David Lenoir has found a new way to reach out and touch someone – specifically, tardy taxpayers.

14. MAAR’s New MLS System Designed for Mobile Users -

The Memphis Area Association of Realtors had a system that allowed members to access its Multiple Listing Service on mobile devices, but users sometimes had to jump through sizable hoops to connect with the system while in the field.

15. Market Mystery -

Over the last several years, investors ranging from mom-and-pop shops to large hedge funds have been acquiring single-family homes in Memphis at a historic pace.

But determining the long-term impact that investor purchases have made on neighborhoods remains elusive.

16. Growing Demand for US Apartments Pushing Up Rents -

These are good times for U.S. landlords. For many tenants, not so much.

With demand for apartments surging, rents are projected to rise for a fifth straight year. Even a pickup in apartment construction is unlikely to provide much relief anytime soon.

17. US Home Market: Few Buyers and Not Enough Sellers -

WASHINGTON (AP) – Entering the 2014 spring buying season, the U.S. housing market faces an unusual dilemma: Too few people are selling homes. Yet too few buyers can afford the homes that are for sale.

18. Millington Dollar General Sells for $3.2 Million -

The 9,301-square-foot Dollar General store at 8021 Austin Peay Highway in Millington has sold for $3.2 million.

Cash Properties LLC bought the retail property in a March 25 warranty deed from Ware Properties LLC, the Coldwater, Miss.-based company that developed this property and also has developed numerous Dollar General stores in the area.

19. Industrial Portfolio Sells for $43 Million -

4550 Swinnea Road6005 Freeport Ave., 3399 E. Raines Road
Memphis, TN
Sale Amounts: $10.1 million; $14.8 million; $18 million

20. Las Vegas Company to Buy Tunica Casino -

Las Vegas-based Full House Resorts has agreed to buy Fitzgerald’s Casino in Tunica, Miss., from Majestic Star Casino LLC.

21. Harrah’s Tunica Casino Will Close in June -

Harrah’s Tunica casino will close June 2, according to an announcement Wednesday, March 26, by Caesars Entertainment, the parent company of Harrah’s

The casino at 13615 Old Highway 61 North in Tunica includes a hotel.

22. Industrial Portfolio Sells for $43 Million -

Affiliates of Plymouth Meeting, Pa.-based Exeter Property Group have paid a combined $42.9 million for a Memphis industrial portfolio.

The companies, in three separate special warranty deeds, bought the Memphis International Distribution Center at 4550 Swinnea Road in Oakhaven for $10.1 million, the warehouse at 6005 Freeport Avenue for $14.8 million and the warehouse at 3399 E. Raines Road for $18 million.

23. Tripp Logistics Renews Nonconnah Corporate Center Lease -

Shawn Glemser, founder and owner of Tripp Logistics, a locally owned and operated logistics and transportation company, has renewed his lease at Nonconnah Corporate Center. Elliot Embry and Hank Martin of NAI Saig Co. represented the landlord, Nonconnah Holdings LLC.

24. Clash of Contenders -

Shelby County Commissioner Steve Mulroy says his political plans last year didn’t include running for county mayor in 2014.

He was on U.S. Rep. Steve Cohen’s short list of recommendations for an open federal judgeship, a White House appointment he said he knew he might not get “the first time.”

25. Harrah's Tunica to Close in June -

Harrah’s Tunica casino will close June 2, according to an announcement Wednesday, March 26, by Caesars Entertainment, the parent company of Harrah’s

The casino at 13615 Old Highway 61 North in Tunica includes a hotel.

26. Old Venice Pizza Owner Files Loan on Property -

The owner of the Old Venice Pizza Co. at 368 Perkins Road Extended in East Memphis has filed a $1.1 million loan on the property.

27. Las Vegas Company To Buy Tunica Casino -

Las Vegas-based Full House Resorts has agreed to buy Fitzgerald’s Casino in Tunica, Miss., from Majestic Star Casino LLC.

28. Georgian Woods Apartments Sell for $3.9 Million -

118 St. Agnes Drive
Memphis, TN 38112

Sale Amount: $3.9 million

Sale Date: March 14, 2014

Buyer: Georgian Woods Property Owner LLC

29. CB Richard Ellis Brokers Four Multifamily Sales -

The multifamily group at CB Richard Ellis Memphis has closed on the sale of four properties in the Memphis market over the last several weeks.

Briar Club Apartments, a 272-unit apartment community constructed in 1985, sold for $8.7 million, or $32,093 per unit. Cinnamon Trails Apartments, a 208-unit apartment community constructed in 1989, sold for $8.6 million, or $41,461 per unit. respectively. CBRE Memphis represented the sellers, Briar Apartments LLC and Cinnamon Apartments LLC in the sale to New York based Briar Club LLC and Cinnamon Trail LLC.

30. Georgian Woods Apartments Sell for $3.9 Million -

The 100-unit Georgian Woods Apartments at 118 St. Agnes Drive in Midtown has sold for $3.9 million.

Georgian Woods Property Owner LLC, an affiliate of Woodbury, N.Y.-based CLK Properties, bought the property, whose alternate address is 2451 Union Ave., in a March 14 special warranty deed.

31. Events -

Conduit Global will hold a recruiting fair for its Memphis call center Tuesday, March 18, from 10 a.m. to 4 p.m. at Memphis Cook Convention Center, 255 N. Main St. Visit conduitglobal.com for job descriptions and qualifications.

32. Richmond Honan Buys Quince Centre for $10 Million -

6555 Quince Road
Memphis, TN 38119
Sale Amount: $10.4 million
Sale Date: March 7, 2014

33. Cordova Staples Sells For $3.3 Million -

The 18,200-square-foot Staples store at 2321 N. Germantown Parkway has sold for $3.3 million.

34. Events -

SHRM-Memphis will hold a legal seminar for human resources professionals Tuesday, March 18, from 8 a.m. to noon at the Fogelman Executive Center, 330 Innovation Drive. Attorneys from four firms will explore hot topics, trends and practical approaches to preventing and managing labor and employment law issues. Cost is $80 for members, $85 for nonmembers and $35 for students. Visit shrm-memphis.org.

35. Abatements Return As Budget Season Issue -

With the arrival of spring this week, city and county government leaders prepare for the coming of another season about which there is rarely as much excitement.

It soon will be budget season. And while county government’s budget season is without the dramatic decisions city government leaders are facing, the county budget season will include the annual raising of perennial issues, including payment-in-lieu-of-taxes incentives.

36. Events -

The Daily News will hold a free breakfast seminar on monitoring, protecting and growing your business with The Daily News Online March 19, 9 a.m.-10 a.m. at the Germantown Conf. Center, 1900 S. Germantown Pkwy. Attendees receive a free five-day trial of Daily News Online services. RSVP at seminars.memphisdailynews.com.

37. Shelby County CRE Sales Up 14 Percent in February -

Shelby County recorded 49 commercial real estate sales in February, according to real estate information company Chandler Reports, www.chandlerreports.com.

38. Richmond Honan Buys Quince Centre for $10 Million -

An affiliate of Roswell, Ga.-based health care real estate company Richmond Honan Development & Acquisitions LLC has paid $10.4 million for Quince Centre at 6555 Quince Road in East Memphis.

39. 2014 Home Sales Off to Slow Start -

Shelby County home sales were up in February when compared to the same month last year but not enough to overcome January’s sluggish start, according to real estate information company Chandler Reports.

40. Galvanizing Company Files Permit for Facility -

3328 Fite Road
Millington, TN 38053
Permit Cost: $1.9 million

Project Cost: N/A
Permit Date: Applied March 2014
Completion: N/A
Owner: 3328 Fite LLC
Tenant: 3328 Fite LLC
Architect: N/A
Contractor: N/A
Details: An affiliate of Columbus, Ohio-based “hot dip galvanizing” company Voigt & Schweitzer LLC plans to construct a 63,120-square-foot facility near Millington.

41. 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.

42. Average US 30-Year Mortgage Rate Slips to 4.28 Percent -

WASHINGTON (AP) – Average U.S. rates on fixed mortgages fell after three weeks of increases, edging closer to historically low levels.

Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan declined to 4.28 percent from 4.37 percent last week. The average for the 15-year mortgage fell to 3.32 percent from 3.39 percent.

43. Galvanizing Company Files Permit for Facility -

An affiliate of Columbus, Ohio-based “hot dip galvanizing” company Voigt & Schweitzer LLC plans to construct a 63,120-square-foot facility near Millington.

44. Lakecrest II Sells for $4.6 Million -

The Lakecrest II office building in East Memphis has changed hands again.

Southland Primacy LLC acquired the 129,104-square-foot office building at 6055 Primacy Parkway from Jefferson-Pilot Investments Inc. Feb. 28 for $4.6 million.

45. City Sprouts -

The vacant homes and lots on Jennette Place near Walker Avenue and Mississippi Boulevard in South Memphis began germinating like an urban form of kudzu. They appeared like an invasive species in this proud neighborhood, spreading quickly, choking the life from viable properties and growing into a scourge that at one point seemed impossible to eradicate.

46. US Home Prices Rose at Solid Pace in January -

WASHINGTON (AP) – U.S. home prices rose in January after three months of declines as a tight supply of properties likely supported prices despite slower sales.

Real estate data provider CoreLogic said Tuesday that prices rose 0.9 percent in January after dipping 0.1 percent in December. Over the past 12 months, home prices have risen 12 percent, the biggest year-over-year gain in more than eight years.

47. Council Takes Up Streetlight Fee -

Memphis City Council members return Tuesday, March 4, to the issue of monthly streetlight fees charged by Memphis Light, Gas and Water Division since the council voted last year to shift the responsibility for streetlights to the utility and out of the city operating budget.

48. MLGW Board Offers Streetlight Fee Changes -

The Memphis Light, Gas and Water Division board is sending to the Memphis City Council a new rate structure for streetlight service fees that would keep apartment and residential non-apartment rates the same, while setting a new single rate for commercial properties large and small.

49. ‘Never a Dull Moment’ in CRE for Hackmeyer -

After beginning the pursuit of a career as a pilot after graduating from the University of Alabama, Tanis Hackmeyer switched gears and delved into the world of commercial real estate.

“I believe that was one of the hardest decisions I’ve ever had to make and one of the best decisions I’ve ever made,” said Hackmeyer, managing partner at Hackmeyer Properties. “There were a few years where I still felt like I should be doing some flying, but I really was happy from the start that I made my decision.”

50. Buzz Around Spec Office Space Starts to Swirl -

International Paper Co.’s new office tower in East Memphis is under construction now, but it’s been four years since the last speculative office building opened its doors in Memphis.

51. Seeking Collaboration -

The debate over which development projects should be public or public-private efforts could intensify in the coming months as the city of Memphis explores multiple redevelopment plans.

Memphis Mayor A C Wharton Jr. said if the city, which is facing strong financial headwinds, hopes to attract investment, it must sometimes help jump-start developments in areas that the private sector may otherwise be hesitant to enter.

52. MalmoMemphis Completes Three Law Firm Leases -

Three Memphis law firms represented by MalmoMemphis Real Estate Inc. have renewed their office leases or leased new spaces.

53. Patching Up Poplar -

Its narrow traffic lanes are unforgiving and its storm water drain grates make driving the outside lane a perilous endeavor.

Sidewalks disappear and resume from block to block, while street crossings for pedestrians are daunting even for the most determined and fleet-footed runner who has to navigate stoplights and traffic.

54. Complaint Alleges Deutsche Bank Discrimination -

Deutsche Bank allegedly discriminated against minority neighborhoods in the Memphis area in the way it handled bank-owned properties, according to a complaint filed with the federal government.

55. German Eatery Slated for Overton Square -

Overton Square will be getting an international flavor with the addition of a German-themed restaurant in the space formerly occupied by Paulette’s.

Chef David Scott Walker has signed a lease to open Schweinehaus, a restaurant that will feature servers decked out in traditional Germanic dress and communal, handmade wood tables found in many German beer halls, at 2110 Madison Ave.

56. Polo Shops Sells for $3.1 Million After Foreclosure -

7444 Winchester Road7464 Winchester Road
Memphis, TN 38125
Sale Amount: $3.1 million

57. MLGW Board Offers Streetlight Fee Changes -

The Memphis Light, Gas and Water Division board is sending to the Memphis City Council a new rate structure for streetlight service fees that would keep apartment and residential non-apartment rates the same, while setting a new single rate for commercial properties large and small.

58. Council Rethinking Streetlight Fee -

Memphis City Council members are rethinking the streetlight fee Memphis Light, Gas and Water Division has been charging.

The monthly fee has several different rates for homeowners, renters, small commercial property owners and large commercial property owners.

59. Women Prove Mettle in Tough CRE Industry -

When Rosemarie Fair first entered the world of commercial real estate in the early 1980s, it was still a largely male-dominated profession and she felt the biting sting of disrespect.

“When you’re in property management as a female and you’re developing a Downtown mixed-use project, when you walked into a construction site the contractors and subcontractors just assumed here comes the owner’s wife, or the secretary,” said Fair, owner of One Source Commercial Inc. “The old adage back then was you had to work twice as hard to be thought of half as much and back then it was absolutely true. I had to start below zero and prove myself. And I did, and I was successful.”

60. Butler Sevier Law Firm Expands Downtown -

Butler, Sevier, Hinsley & Reid PLLC law firm has expanded its presence at 88 Union Ave.

61. Council Rethinking Streetlight Fee -

Memphis City Council members are rethinking the streetlight fee Memphis Light, Gas and Water Division has been charging.

The monthly fee has several different rates for homeowners, renters, small commercial property owners and large commercial property owners.

62. Collierville Apartments Sell for $1.2 Million -

The 30-unit Center Court Apartments at 282 Center St. and 288 Center St. in Collierville have sold for $1.2 million.

63. Three Town Center Concepts Take Shape -

The city of Memphis would move government offices into two shopping malls and the Soulsville Town Center under tentative “conceptual” plans Memphis Mayor A C Wharton Jr. took Tuesday, Feb. 18, to the Memphis City Council.

64. Council Tours Pyramid, Weighs City Offices In Two Malls -

Memphis City Council members heard Tuesday, Feb. 18, that the administration of Memphis Mayor A C Wharton Jr. wants to move some city government offices into the Soulsville Town Center in South Memphis and is weighing whether to renovate or tear down and build anew on the site of the Southbrook Mall in Whitehaven.

65. Loeb Files $2 Million Loan on Park Place -

The Loeb Properties affiliate that owns Park Place Centre at Park Avenue and Ridgeway Road has filed a $2 million loan on the property.

Park Place Memphis LLC filed the deed of trust and security agreement and fixture filing statement (second priority) Feb. 13 through Thrivent Financial for Lutherans. Loeb vice president Earl Williams signed the trust deed on behalf of the borrower.

66. Orpheum Files Permit For Performing Arts Center -

225 S. Main St.
Memphis, TN 38103

Permit Cost: $10.2 million

Project Cost: $14.5 million

67. CDC Leaders Have Challenges in Communities -

Community development corporations are designed to help create more housing in areas where investors and banks might not normally invest without incentives.

But the CDCs, as they are known, are increasingly in the business of adding business development to the housing in a combination of community building.

68. Reedy Thriving As Housing Investments Skyrocket -

Jim Reedy began selling real estate in 1976 while he was a student at the University of Memphis, and within three years, he moved into selling investment properties.

69. Industrial Portfolio Sells for $17 Million -

An affiliate of Boston-based Taurus Investment Holdings LLC has paid close to $17 million for a 650,000-square-foot industrial portfolio on South Mendenhall Road in Hickory Hill.

70. Net Leases – Explained -

Many retail and industrial leases are structured as net leases, but what does “net lease” mean?

A “net lease” is a lease transaction in which the landlord receives a monthly payment composed of two items: first and foremost is the rent, net of the property operating expenses and secondarily a portion of real estate taxes upon the property, casualty/liability insurance upon the property and common area expenses for the property.

71. Another Broken Egg to Open in E. Memphis -

Another Broken Egg Cafe will open later this year in East Memphis.

Franchise owners Chris Gouras and George Gouras of Gouras Restaurant Group have signed a 3,232-square-foot lease at Park Place Centre, at 6063 Park Ave. in East Memphis

72. Owner Files Loan on Bartlett Burger King -

The owner of the Burger King restaurant at 6700 Stage Road in Bartlett has filed a $1.6 million loan on the property.

73. Report: City Should Stay on at Beale -

The city of Memphis should maintain ownership of its properties on Beale Street and create an autonomous board or hire a new development and management company to guide its future, according to a detailed report on the iconic street.

74. D1 Sports Buys Land, Files Construction Loan -

An affiliate of Franklin, Tenn.-based D1 Sports Training has bought 1.9 acres of land in Collierville and filed a construction loan for a 19,062-square-foot sports facility on the property.

DP Memphis LLC paid $375,000 for the vacant parcel, whose address is known as 85 Market Center Drive, in a Feb. 4 special warranty deed from Schilling Farms LLC.

75. 13th Annual Pinnacle Awards On the Horizon -

Planning is well underway for the Memphis Area Association of Realtors Commercial Council’s 13th annual Pinnacle Awards ceremony, an evening dedicated to bringing commercial real estate industry professionals together and honoring them for their accomplishments in the previous year.

76. Events -

Kiwanis Club of Memphis will meet Wednesday, Feb. 12, from noon to 1 p.m. at The University Club of Memphis, 1346 Central Ave. Steve Guinn, vice president of Highwoods Properties, will present “Real Estate Taxes: Memphis vs. Nashville.” Cost is $18 for nonmembers.

77. Events -

Boys & Girls Clubs of Greater Memphis will host An Evening With Fred Davis Tuesday, Feb. 11, from 6 p.m. to 8 p.m. at the organization’s Technical Training Center, 903 Walker Ave. Davis is a business leader who also served on the first Memphis City Council under the mayor-council form of government in 1967. Tickets are $100. Visit bgcm.org.

78. Another Broken Egg to Open in East Memphis -

Another Broken Egg Cafe will open later this year in East Memphis.

Franchise owners Chris Gouras and George Gouras of Gouras Restaurant Group have signed a 3,232-square-foot lease at Park Place Centre, at 6063 Park Ave. in East Memphis

79. Council OKs ‘Tax Dead’ Anti-Blight Program -

The Memphis City Council on Tuesday, Feb. 4, approved an anti-blight grant program for “tax dead” properties – properties with more in back taxes and associated fees than the property is appraised for or could ever be sold for.

80. Events -

Memphis Botanic Garden will host the Green Your Home Winter Plant Sale Friday, Feb. 7, and Saturday, Feb. 8, from 9 a.m. to 5 p.m. at the garden, 750 Cherry Road. The sale will feature house plants, custom potting, terrariums and garden gift items. Admission is free. Visit memphisbotanicgarden.com.

81. Events -

Boys & Girls Clubs of Greater Memphis will host An Evening With Fred Davis Tuesday, Feb. 11, from 6 p.m. to 8 p.m. at the organization’s Technical Training Center, 903 Walker Ave. Davis served as the first black chairman of the Memphis City Council and opened one of the South’s first African-American-owned insurance agencies. Tickets are $100. Visit bgcm.org.

82. PILOT Reform -

Nike is in the midst of a $301 million expansion of its Northridge plant in Frayser, a project that means the Beaverton, Ore.-based company will create 250 new jobs and retain 1,600 existing local jobs.

83. FedExForum Area Targeted for Apartments -

Nashville-based Elmington Capital Partners apparently likes the apartment market in Downtown Memphis.

An Elmington-affiliated company plans on building a 64-unit apartment complex at 362 S. Second St., south of FedExForum.

84. Council OKs ‘Tax Dead’ Anti-Blight Program -

The Memphis City Council on Tuesday, Feb. 4, approved an anti-blight grant program for “tax dead” properties – properties with more in back taxes and associated fees than the property is appraised for or could ever be sold for.

85. Council Hears More on Police and Fire Budget Decisions -

Memphis City Council member got deeper Tuesday, Feb. 4, into the specifics of Memphis Police and Fire Department budget decisions.

But they didn’t get a clearer picture of what the direction forward will be as they and Memphis Mayor A C Wharton Jr. prepare to make some hard decisions about public safety in dealing with the city’s unfunded pension liability.

86. Smucker Files $16 Million Permit for Plant Expansion -

4789 Cromwell Ave.
Memphis, TN 38118
Permit Cost: $16 million

Project Cost: $41 million
Permit Date: Applied January 2014
Completion: TBA
Owner: The J.M. Smucker Co.
Tenant: The J.M. Smucker Co.
Architect: N/A
Contractor: N/A
Details: The J.M. Smucker Co. has filed a $16 million permit with the city-county Office of Construction Code Enforcement as part of its planned plant expansion at 4789 Cromwell Ave. in Oakhaven.

87. Mulroy Gets in County Mayor’s Race -

Shelby County Commissioner Steve Mulroy considered a bid for Shelby County mayor for the second time in a year and Monday, Feb. 3, pulled a qualifying petition to enter the Democratic primary just more than two weeks before the filing deadline for candidates in the May 6 county primaries.

88. City Council Reviews Raleigh Springs Mall Plan -

Memphis City Council members get their first public detailed look Tuesday, Feb. 4, of an “urban renewal” plan for the Raleigh Springs Mall.

The council meets at 3:30 p.m. at City Hall, 125 N. Main St. Follow the meeting @tdnpols, www.twitter.com/tdnpols.

89. Office Occupancy Ends 2013 on High Note -

An unusually strong fourth quarter helped push the overall Memphis office market occupancy rate into positive territory for 2013, according to year-end commercial real estate market reports.

The Memphis market recorded absorption of 225,338 square feet in the fourth quarter – the largest positive absorption the market has experienced during any quarter in more than 10 years – to end the year with positive net absorption of 40,558 square feet, according to CB Richard Ellis Memphis.

90. Caywood Law Renews Clark Tower Lease -

The Law Offices of David Caywood has renewed its 2,261-square-foot lease in Clark Tower for two more years.

91. Caywood Law Renews Clark Tower Lease -

The Law Offices of David Caywood has renewed its 2,261-square-foot lease in Clark Tower for two more years.

92. LeSaint Logistics Expands Memphis Footprint -

Less than a year after arriving in Memphis, LeSaint Logistics is already expanding its operations here.

LeSaint entered the market in July when it leased an initial 57,285 square feet at 3300 Jet Cove inside Memphis International Airport Center. LeSaint is expanding its footprint by 34,015 square feet, a 60 percent increase.

93. Beretta to Build New Firearms Plant in Tennessee -

NASHVILLE (AP) – Italian gun maker Beretta said Wednesday that Tennessee's support for gun rights was a major factor in its decision to build a manufacturing and research facility in the Nashville suburb of Gallatin.

94. Cecil’s Automotive Owner Files $1.7 Million Loan -

The owner of Cecil’s Automotive at 3815 S. Houston Levee Road in Collierville has filed a $1.7 million loan on the property.

95. Crye-Leike Drops 2 Third-Party Listing Services -

Memphis-based Crye-Leike Realtors Inc. has yanked its Memphis-area listings from Zillow and Trulia, two of the Web’s biggest third-party listing services.

96. 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.

97. Developers Show Interest in Germantown’s Arthur Property -

A 33-acre site near Saddle Creek in Germantown is seeing increased interest from developers and could change hands as early as this year, according to a real estate agent marketing the property.

Murray Foster, a broker with Taliesyn Realty, said interest in the property owned by the heirs of Boyd Arthur Sr. picked up last year and remains strong in 2014.

98. Industrial Park Expansions Gaining Momentum -

Economic development officials should know the final scope of a planned expansion of Presidents Island within the next 30 days while the proposed growth of nearby Frank C. Pidgeon Industrial Park is moving forward.

99. Industrial Park Expansions Are Gaining Momentum -

Economic development officials should know the final scope of a planned expansion of Presidents Island within the next 30 days while the proposed growth of nearby Frank C. Pidgeon Industrial Park is moving forward.

100. Call Center ‘Gratifying’ for Local Office Sector -

Conduit Global’s announcement this week that it is locating a call center in Shelby County that will employ 1,000 people was a breath of fresh air for local office real estate professionals.