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Editorial Results (free)

1. Eastgate Set for Possible Makeover -

A venerable shopping center in East Memphis could be getting a significant makeover, according to a recent retail market report from CB Richard Ellis Memphis.

Eastgate Center LLC, the owner of Eastgate Shopping Center at Park Avenue and White Station Road in East Memphis, could make significant aesthetic improvements to the retail center beginning this year.

2. Belz Sells Shelby Oaks EnSafe Center for $910,000 -

5710-5730 Summer Trees Drive
Memphis, TN 38134
Sale Amount: $910,000

Sale Date: Jan. 10, 2014
Buyer: EnSafe Inc.
Seller: BICO Associates GP
Details: An affiliate of Belz Enterprises has sold the five-building Shelby Oaks EnSafe Center office complex on Summer Trees Drive in Northeast Memphis for $910,000.

3. Kroger-Anchored Centers Sell for Combined $41M -

Two Class A retail centers anchored by Kroger stores at 1605 N. Germantown Parkway and 540 S. Mendenhall Road have traded hands in an internal transfer for a combined $41.2 million.

4. Retailers Face Season of Uncertainty -

NEW YORK (AP) – Will Washington be the Grinch who stole Christmas?

After weeks of bickering between Congress and the White House, President Barack Obama on Wednesday signed into law a plan that ended a partial 16-day government shutdown and suspended the nation's debt limit until early next year.

5. Retailers Report Modest September Sales Gains -

Several retailers reported modest sales gains for September as shoppers who were worried about a partial government shutdown and the overall economy pulled back their spending from the prior month. The results increase concerns about how shoppers will spend for the crucial holiday season, the largest shopping selling period for retailers.

6. Retailers Report Modest September Sales Gains -

Several retailers reported modest sales gains for September as shoppers who were worried about a partial government shutdown and the overall economy pulled back their spending from the prior month.

7. Retailers Report Strong Gains for June -

NEW YORK (AP) – June sales heated up for stores, in a sign that Americans likely will continue to spend during the important back-to-school shopping season.

U.S. retailers reported their strongest sales gains since January, as shoppers, enticed by warm weather and an improving economy, took advantage of summer discounts.

8. Eckstein Finds Room to Grow at Martin Tate -

Adam Eckstein had been clerking for two years with Tennessee Supreme Court Justice Janice Holder and was interviewing with various law firms, including several in Memphis that seemed like places where he could see himself working.

9. HomeGoods Preps for Memphis Store -

Plans are under way for home décor retailer HomeGoods to enter the Memphis market in Cordova.

Metro Construction Inc. has filed a $950,000 building permit application with the city-county Office of Construction Code Enforcement for interior renovation of a former Samuels Furniture and Interiors at The Commons at Dexter Lake, 1615 N. Germantown Parkway, according to The Daily News Online, www.memphisdailynews.com.

10. Nucor Files Application For Steel Operations -

3601 Paul R. Lowry Road
Memphis, TN 38109

Permit Cost: $2 million

Permit Date: Applied February 2012

Owner: Nucor Corp.

11. Gallina Centro Parcel Sells for $800,000 -

An outparcel to Collierville’s Gallina Centro shopping center traded hands twice in recent weeks, culminating in a $800,000 sale.

First, Gallina Centro LLC quitclaimed the 18,260-square-foot building to two entities, with 75 percent interest going to H-L Centro LLC and the remainder quitclaimed to Forest Hill LP.

12. Trinity Ridge Business Ctr. Sells for $7.6 Million -

7730 Trinity Road, 7740 Trinity Road, 7750 Trinity Road, 7760 Trinity Road and 7866 Trinity Road
Cordova, TN 38018
Sale Amount: $7.6 million

13. Gallina Centro Acreage Sells for $2.1 Million -

Vacant land in Gallina Centro shopping center has been bought for $2.1 million, with the property slated to become a HomeGoods home décor store.

It marks HomeGoods’ first store in the Memphis area.

14. The Burger Joint Joins Ridgeway Trace -

Another national burger chain is setting up shop locally, except this one selected Memphis as its entrance into the Tennessee market.

BGR The Burger Joint is the latest tenant to join Ridgeway Trace Center, the 347,358-square-foot development at Poplar Avenue and Interstate 240 anchored by Target, Best Buy, PetSmart and Sports Authority.

15. Popular Burger Chain Moves Into Memphis -

After years of Five Guys Burgers and Fries having a presence in the Nashville and Knoxville areas, the chain is setting up shop in one of Memphis’ most densely populated areas.

Jubilee Restaurant Group LLC, owner of the franchise, signed a 2,882-square-foot lease in Primacy Place, 1615 Ridgeway Road.

16. $25M Loan Arranged for Eastgate Shopping Center -

The Dallas office of Holliday Fenoglio Fowler L.P. has arranged a $25 million loan for Eastgate Shopping Center.

Eastgate is situated on more than 32 acres at 5048 Park Avenue in East Memphis.

17. Eastgate Sells for $31.5 Million -

The Eastgate Shopping Center on Park Avenue in East Memphis has sold to a Dallas-based entity for $31.5 million from Belz Enterprises Inc., according to documents filed with the Shelby County Register of Deeds.

18. Eastgate Sells for $31.5 Million -

The Eastgate Shopping Center on Park Avenue in East Memphis has sold to a Dallas-based entity for $31.5 million from Belz Enterprises, according to documents filed with the Shelby County Register of Deeds.

19. Newly Merged Renal Firm To Improve Poplar Ave. Building -

1333-1341 Poplar Ave.
Memphis, TN 38104
Permit Amount: $1.2 Million

Project Cost: $1.2 million
Permit Date: Applied December 2008
Completion: TBA
Owner: National Renal Alliance LLC
Tenant: National Renal Alliance LLC
Contractor: N/A
Architect: N/A

20. REIT Files $20.9M Loan on New Assets -

WRI HR Venture Properties I LLC, the real estate investment trust (REIT) that recently bought the Commons at Dexter Lake and Mendenhall Commons shopping centers, filed on Dec. 22 a $20.9 million deed of trust, assignment of leases and rents and security agreement for the properties through New York Life Insurance Co.

21. Commercial Real Estate Sales Down 18 Percent -

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

22. Houston REITs Buy $42M Share In Local Shopping Centers -

A newly formed joint venture between Weingarten Realty Investors and Hines Real Estate Investment Trust (REIT), both of Houston, has bought a majority share of two local Kroger-anchored retail centers for a combined $41.6 million.

23. Retailers With Strong Local Ties Report Losses -

More signs of economic woe appeared Wednesday with news of sagging sales from retail behemoths Macy’s Inc. and Best Buy Co., both of which have a significant presence in Memphis.

24. Lightman Buys Back Land To Bolster Retail Center -

Three acres in Centennial Commons
Memphis, TN 38125
Sale Amount: $2 Million

Sale Date: Sept. 12, 2008
Buyer: Michael A. Lightman Sr.
Seller: Winsouth Hotel Partnership

Details: Michael Lightman Sr. has bought back a three-acre parcel of land in Centennial Commons retail center that he sold to Winsouth Hotel Partnership nine years ago for $1.4 million. The land is on the southwest corner of the Centennial site, which is north of Winchester Road, east of Germantown Road and near Tenn. 385.

25. First South BuysGallina Centro Parcel -      First South Credit Union has purchased an acre of land on the west side of the multi-use Gallina Centro retail center, on Houston Levee Road between Winchester Road and West Poplar Avenue in Collierville.
  

26. Archived Article -

Gallina Centro Retail Center
On Houston Levee Road
Sale Amount: $17.8 million

Sale Date: March 26, 2007

27. Phoenix-Based Cole BuysGallina Centro Retail Center -      Gallina Centro Retail Center, the Boyle Investment Co. development at the corner of Winchester and South Houston Levee roads, has been bought for $17.8 million by the Phoenix-based real estate investment trust (REIT) tha

28. Bowled Over -

Imperial Lanes at 4700 Summer Ave. soon will meet the same fate as a set of pins after a perfectly rolled strike.

A real estate deal is in the works to sell the property on which the bowling alley sits, a place that's become a Memphis landmark since it opened in December 1958. The details haven't been finalized, but the project apparently would involve knocking down the 48-lane bowlers' hotspot and putting up a retail strip center, according to sources close to the deal.

29. Investors PurchaseCordova Retail Property - Five limited liability companies have purchased property at 1010-1034 and 1065 N. Germantown Parkway from Kisber Enterprises II LLC for a total $6.2 million. The property includes The Shops of Cordova Station anchored by Kroger, Stein Mart, Samuels F

30. Boyle Finances Village Shops of Forest Hill -

The Village Shops
of Forest Hill
Cost: $17.8 million

Borrower: BIC-MTS Partners
Lender: New York Life Insurance Co.
Trustee: Ronald I. Feldman
Property: The Village Shops of Forest Hill, located on three lots in Germantown. The borrower, BIC-MTS Partners, is affiliated with Boyle Investment Co.
According to Cary Whitehead III, senior vice president of Boyle and executive manager of BIC-MTS, the transaction marked a refinancing of the 12-year-old Germantown property.
"It is a community shopping center anchored by Target, Schnucks, Marshalls, Malco and Old Navy, and the rest of them are general retail stores," Whitehead said. "(Boyle) built it. The Target store, the Schnucks and the Marshalls went through major renovations in 2004."
Whitehead said Boyle is working on another retail project, Gallina Centro, which is currently under development near Poplar Avenue and Houston Levee Road. Current tenants include Kroger, Kohl's, Stein Mart and Pier 1 Imports.
"(Gallina Centro) will be sort of the connection between Poplar and the new Carriage Crossing project, which is also on Houston Levee," Whitehead said.

31. Archived Article: Real Focus - Revitalized Eastgate

Revitalized Eastgate draws eclectic mix of new tenants

By STACEY WIEDOWER

The Daily News

In Memphis, the word Midtown is more than a label for a section of the community it conveys an image thats synonymous with ever...

32. Archived Article: Daily Digest - UP first quarter

UP first quarter

earnings top estimates

Union Planters Corp. reported first quarter earnings of $133.7 million, or 67 cents per diluted share, representing a 9.8 percent increase in diluted earnings per share versus the sam...

33. Archived Article: Comm Briefs - Community briefs 03-14-03

The River Bluff Forge Council, the Memphis chapter of the Artist-Blacksmiths Association of North America, hosts Forging on the River X at the National Ornamental Metal Museum, 374 Metal Museum Drive, March 28-30.

Dem...

34. Archived Article: Comm Briefs - An exhibit by works

An exhibit of works by Cuban-born artist Maria Elena Gonzalez begins today at the Art Museum of the University of Memphis. It runs through April 19.

The exhibit, titled UN Real Estates, addresses the meaning of home in Amer...

35. Archived Article: Real Review - Continental General Tire has leased a 300,000-square-foot distribution facility at the Airport Industrial Park Tire company leases in Airport Industrial Park Continental General Tire has leased a 300,000-square-foot distribution facility at the Airp...

36. Archived Article: Marshall's (lead) - By STACEY WIEDOWER Germantown Road site for areas fourth Marshalls By STACEY WIEDOWER The Daily News Construction is underway on a Marshalls store that will anchor the second phase of a Weston Cos. development along Germantown Parkway at Dexter Road...

37. Archived Article: Real Review - The nations largest grocery store chain and a major discount retailer have signed on with Boyle Investment Co Boyle development draws Kroger, Stein Mart The nations largest grocery store chain and a major discount retailer have signed on with Boyle ...

38. Archived Article: Marketplace St - By SUZANNE THOMPSON Sniffing out shoplifters Shoplifting incidents increase during the holiday season as thieves try to blend in with seasonal shoppers By SUZANNE THOMPSON The Daily News The four-week shopping period between Thanksgiving and Christm...

39. Archived Article: Marketplace - stein mart Retail roots Stein Mart pushes for a greater national presence in an expansion strategy which began with Memphis By DIANNA DEAREN The Daily News Retailer Stein Mart spread its corporate wings and flew to numerous new markets in 1997, fulf...

40. Archived Article: Dexter Commons Lj - lj 10/5 cates Construction begins on $20 million shopping center in Cordova By LAURIE JOHNSON The Daily News Weston Cos. has broken ground on a $20 million community shopping center at the southwest corner of Dexter Road and Germantown Parkway in Co...