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Editorial Results (free)

1. D. Canale Affiliate Buys Property for Distillery -

301 S. Front St.
Memphis, TN 38103
Sale Amount: $785,000

Sale Date: July 10, 2014
Buyer: Dominick Properties LLC
Seller: 301 South Front Street GP

2. Critical Decisions -

For the team behind the pending redevelopment of the massive Sears Crosstown property to reach its goal of maximizing the participation of women- and minority-owned businesses, it needed to make a crucial decision early in the planning process.

3. Across US Job Market, Layoffs are Becoming Rare -

WASHINGTON (AP) – The risk of losing your job is getting smaller and smaller.

As the U.S. economy has improved and employers have regained confidence, companies have been steadily shedding fewer workers. Which is why applications for unemployment benefits have dwindled to their lowest level since February 2006 – nearly two years before the Great Recession began – the government said Thursday.

4. D. Canale Affiliate Buys Property for Distillery -

An affiliate of D. Canale & Co. has bought the Downtown property where it will develop a spirits distillery and public tasting room.

5. Music Lounge to Open in Edge District -

The Edge District near Downtown lost a theater but is gaining a new live music lounge in August.

The Dizzy Bird, named after legendary Jazz greats John “Dizzy” Gillespie and Charlie “Bird” Parker, is slated to open Aug. 2 at 652 Marshall Ave.

6. Electrolux Donating Air Conditioners in Memphis -

As part of its Keeping Memphis Cool initiative, Electrolux is donating air conditioning units Wednesday, July 16, to assist needy Memphis individuals and families.

The donation effort is being coordinated through Neighborhood Christian Centers.

7. Locally Grown Foods Look to Bigger Business -

PHILADELPHIA (AP) – Once a niche business, locally grown foods aren't just for farmers markets anymore.

A growing network of companies and organizations is delivering food directly from local farms to major institutions like Thomas Jefferson University Hospital in downtown Philadelphia, eliminating scores of middlemen from farm to fork. Along the way, they're increasing profits and recognition for smaller farms and bringing consumers healthier, fresher foods.

8. Electrolux Donating Air Conditioners in Memphis -

As part of its Keeping Memphis Cool initiative, Electrolux is donating air conditioning units Wednesday, July 16, to assist needy Memphis individuals and families.

The donation effort is being coordinated through Neighborhood Christian Centers.

9. Johnson Returns to Different Schools Reality -

When Carol Johnson left as superintendent of Memphis City Schools at about this time in 2007, the system was struggling with Bush-era No Child Left Behind standards and making progress at some schools.

10. Chamber: More People Working in Green Sector -

The Greater Memphis Chamber counts approximately 15,380 Memphians working in the green economy, with the largest group being 4,800 who work in clean energy.

The numbers are based on U.S. Bureau of Labor Statistics, and in the headcounts by business, there are some corporate and brand names that might not be on the tip of your tongue when you hear the term green economy or green business.

11. Malone Center Owner Files $4.1 Million Loan -

The owner of the 23.7-acre Malone Distribution Center near the intersection of East Raines Road and Lamar Avenue in Oakhaven has filed a $4.1 million loan on the industrial property.

Cobalt Industrial REIT II filed the deed of trust with absolute assignment of leases and rents, security agreement and fixture filing July 1 through Wells Fargo Bank NA. The deed encompasses parcels at 4366 Malone Road, 4406 Malone and 4436 Malone.

12. Odyssey Building -

It’s fitting that the word “odyssey” is included in the name of Sarah Petschonek’s program she launched in March 2013 as a volunteering platform for job seekers.

That’s because her Volunteer Odyssey effort promises participants a robust volunteering experience, one that’s already seen 25 people complete the program and which is preparing to expand even more beyond its initial concept.

13. Two Centennial Crossing Parcels Face Foreclosure -

The owners of two parcels in the Centennial Crossing shopping center in Southeast Shelby County have defaulted on a loan and are facing foreclosure.

MLC Investors LLC (56.08 percent interest), EJP Investors LLC (38.71 percent) and EK Investors LLC (5.21 percent interest) defaulted on their $5.8 million loan through IXIS Real Estate Capital Inc. dated Nov. 17, 2006, according to a first-run foreclosure notice in the Tuesday, July 1, edition of The Daily News.

14. Charlotte Firm Buys Mendenhall Warehouse -

4517 S. Mendenhall Road
Memphis, TN 38141
Sale Amount: $1.4 million

Sale Date: June 24, 2014
Buyer: TKC CLXXIX LLC
Seller: Tenn Thom Realty LLC
Loan Amount: $1.1 million
Loan Date: June 24, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of Charlotte, N.C.-based real estate development firm The Keith Corp. has paid $1.4 million for the 14,650-square-foot warehouse at 4517 S. Mendenhall Road in Hickory Hill.

15. Charlotte Firm Buys Mendenhall Warehouse -

An affiliate of Charlotte, N.C.-based real estate development firm The Keith Corp. has paid $1.4 million for the 14,650-square-foot warehouse at 4517 S. Mendenhall Road in Hickory Hill.

16. Legacy Farm Owner Files $29.8 Million Loan -

1120 Winchester Road
Collierville, TN 38017
Loan Amount: $29.8 million

Loan Date: June 18, 2014
Maturity Date: July 1, 2021
Borrower: Legacy Farm LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 368-unit Legacy Farm apartment complex at 1120 Winchester Road in Collierville has filed a $29.8 million loan on the property.

17. Gestalt Schools Signs Lease in Hickory Hill -

A charter school operator has inked a lease for space on Winchester Road in Hickory Hill.

Gestalt Community Schools has leased 57,000 square feet of space at 5360 Winchester Road inside the Mendenhall Square shopping center.

18. AZAL Files $2.2 Million Loan on Bartlett Property -

The owner of the 26,568-square-foot warehouse at 3025 Kate Bond Blvd. in Bartlett has filed a $2.2 million construction loan on the property.

19. Brim’s Owner Files Loan on Bartlett Facility -

A company whose principal owns Brim’s Snack Foods has filed a $4.3 million construction loan on its 7940 A E Beaty Drive property in Bartlett.

TBLN Investments – whose principal, Terry Brimhall, is founder and president of Brim’s parent company Brimhall Foods Co. Inc. – filed the loan April 30 through Renasant Bank. Though the loan was filed in April, the Shelby County Register of Deeds didn’t record the loan until this week.

20. Aren Investments Buys Winchester Haverty’s -

6870 Winchester Road
Memphis, TN 38115
Sale Amount: $1.1 million

Sale Date: June 2, 2014
Buyer: Aren Investments LLC
Seller: Kirsch Associates LP
Loan Amount: $850,000
Loan Date: June 2, 2014
Maturity Date: Nov. 15, 2015
Lender: BancorpSouth Bank
Details: Local real estate investment firm Aren Investments LLC has paid $1.1 million for the Haverty’s furniture store at 6870 Winchester Road in Hickory Hill.

21. Pay Raises Go Mainly to Those in Select Industries -

NEW YORK (AP) – If you hope to get a raise that finally feels like one, it helps to work in the right industry.

Historically, at this stage in the economy's recovery, pay would be rising in most sectors. But five years after the Great Recession officially ended, raises remain sharply uneven across industries and, as a whole, have barely kept up with prices. Overall pay has been rising about 2 percent a year, roughly equal to inflation.

22. 10-Acre Cordova Industrial Site Sells -

A 10-acre heavy industrial site at 9373 Macon Road in Cordova has sold for $1.5 million to William A. McMahan of Bartlett.

23. Many Seek New Homes Near Cities But are Priced Out -

WASHINGTON (AP) – City living has been a blessing for Tim Nelson.

The Phoenix lawyer moved downtown a few months ago into a new $389,000 home with a warehouse-style floor plan, a Jacuzzi tub and kitchen counters made of Caesarstone quartz. His favorite coffee spot is three blocks away. When the Arizona Diamondbacks play on Friday nights, he can watch postgame fireworks from his deck.

24. Growth Strategy -

Cotton helped make Dunavant Enterprises into a worldwide brand, but the family and company have maintained a long-term association with the logistics industry.

Col. William Pemberton Dunavant first ventured into logistics shortly after the Civil War – decades before Dunavant entered into the cotton trade – when he was involved in building short-line railroads in Mississippi.

25. Tennessee Drops Investigation Into Diageo Storage Case -

NASHVILLE (AP) – Alcohol regulators have abruptly ended their investigation into whether liquor giant Diageo violated state laws by storing whiskey made in Tennessee in neighboring Kentucky.

26. Shops of Wolflake Sells for $3.8 Million -

2965 N. Germantown Road
Bartlett, TN 38133
Sale Amount: $3.8 million

Sale Date: May 20, 2014
Buyer: Bartlett Interests LLC
Seller: Pref Wolflake Partners GP
Details: The Shops of Wolflake retail strip center at 2965 N. Germantown Road in Bartlett has sold for $3.8 million.

27. Collierville Warehouse Sells for $1.3 Million -

Foundation Properties LLC has paid $1.3 million for the 124,940-square-foot industrial property at 141 Eastley St. in Collierville.

28. ‘Alive and Well’ -

The diverse crowd that typically gathers for South Main Historic Arts District Trolley Night – from hipsters in skinny jeans to residents who enjoy the monthly celebration of their neighborhood to others drawn to see what the fuss is all about – featured several hundred ghastly additions in May.

29. Olymbec Buys Another Memphis Industrial Property -

Canadian real estate company Olymbec USA LLC has invested again in Memphis, paying $4 million for the warehouse at 4219 Air Trans Road in Oakhaven.

30. Perkins Hotel Sells After Foreclosure -

2700 S. Perkins Road
Memphis, TN 38118
Sale Amount: $2.2 million

Sale Date: May 23, 2014
Buyer: HC Memphis LLC
Seller: Douglas M. Alrutz, successor trustee
Details: The Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has sold for $2.2 million following a first-run foreclosure notice filed earlier this year.

31. Senatobia Furniture Factory to Close -

A furniture factory that was once had more than 1,000 employees in Senatobia is closing.

Chromcraft Revington laid off as many as 200 employees earlier this month, leaving the furniture maker and distributor with about 30 employees to wind down its operations.

32. Events -

The Circuit Playhouse will present the dark comedy “The Lyons” Friday, May 30, through June 22, at the theater, 51 S. Cooper St. Buy tickets at playhouseonthesquare.org.

33. Change on Tap for Many Local Public Companies -

Here’s a snapshot of recent news and developments at some of the publicly traded companies based in Memphis, reflecting the influence these companies have and the shadows they cast both in Memphis and beyond, in industries that range from bioscience to banking.

34. Titan Medical Buys Bartlett Warehouse -

An affiliate of Titan Medical Manufacturing LLC has paid $2.2 million for the 50,635-square-foot warehouse at 7580 Bartlett Corporate Drive in Bartlett.

35. FedEx Seeks Office Space as Needs Shift -

FedEx Corp. is currently looking for 25,000 square feet of office space in the Memphis market, according to several real estate brokers.

36. Events -

Memphis Italian Festival will be held Thursday, May 29, through Sunday, May 31, at Marquette Park, at the corner of Mount Moriah Road and Park Avenue. The 25th annual event will celebrate all things Italian with food, music, sports competitions and more. Visit memphisitalianfestival.com for tickets and schedule.

37. Senatobia Furniture Factory to Close -

A furniture factory that was once had more than 1,000 employees in Senatobia is closing.

Chromcraft Revington laid off as many as 200 employees earlier this month, leaving the furniture maker and distributor with about 30 employees to wind down its operations.

38. Shelby Farms Files $25 Million Permit for Lake Expansion -

500 Pine Lake
Memphis, TN 38134
Permit Cost: $25 million

Project Cost: $52 million
Permit Date: Applied May 2014
Completion: June 2016
Owner: Shelby Farms Park Conservancy
Tenant: Shelby Farms Park Conservancy
Architect: james corner field operations
Contractor: Montgomery Martin Contractors LLC
Details: The Shelby Farms Park Conservancy has filed a $25 million permit with the city-county Office of Construction Code Enforcement to expand Patriot Lake.

39. Von Drehle Files Loan on Hickory Hill Facility -

Towel and tissue producer von Drehle Corp. has filed a $2.2 million loan on its industrial facility at 4826 Hickory Hill Road.

40. Warehouse Owner Files $1.1 Million Loan on Property -

The owner of the 117,300-square-foot warehouse at 4242 B.F. Goodrich Blvd. in Oakhaven has filed a $1.1 million loan on the property.

Riveredge Co. Inc., which lists a Bartlett address, filed the deed of trust April 16 through Peoples Bank of Clifton, Tenn.

41. Volvo Group’s Byhalia Facility to Employ 250 -

The Volvo Group will build a massive new distribution center in Byhalia, Miss., that should employ around 250 people.

The 1 million-square-foot distribution center will support the company’s Mack, Volvo and UD truck brands, as well as Volvo Construction Equipment and Volvo Penta. 

42. Life Church Buys Victory Campus for $4.4 Million -

255 N. Highland St.
Memphis, TN 38111
Sale Amount: $4.4 million

Sale Date: May 2, 2014
Buyer: The Life Church of Memphis Inc.
Seller: SignificantPsychology LLC
Loan Amount: $3.8 million
Loan Date: May 2, 2014
Maturity Date: May 5, 2019
Lender: Triumph Bank
Details: The Life Church of Memphis has paid $4.4 million for the former Victory University campus at 255 N. Highland St.

43. Dancing on Broad -

A person doesn’t have to look far to get a feel for the distinctiveness and the uniquely artistic hue that colors Memphis’ Broad Avenue neighborhood.

To cite one example: The neighborhood for eight weeks this summer is hosting a dance party.

44. Bank Buys Magic Apparel Facility After Foreclosure -

An affiliate of EverBank Financial Corp. has paid $1.1 million for the Magic Apparel warehouse at 4361 Shelby Air Drive in Oakhaven following a foreclosure.

45. Tactical Urbanism: Citizen Projects Go Mainstream -

MEMPHIS (AP) – The city painted a crosswalk and installed tennis-ball green signs, but the cars just kept on zooming through. But rather than wave a white flag, Sarah Newstok grabbed an orange one instead.

46. Carnival Memphis Celebrates Trucking Industry -

Trucking industry representatives and employees packed the spacious Tennessee Ballroom at Hilton Memphis, the gleaming glass hotel in East Memphis, for Carnival Memphis’ salute to the trucking industry.

47. Poetry in Motion -

Darius Clayton was one of the few people at a recent NAACP political forum who wasn’t running for Shelby County office this year or working for a candidate.

Clayton came to the event at Mt. Olive Cathedral CME Church as part of his immersion into the city’s political environment.

48. Forest Hill Technology Center Sells for $5.2 Million -

3860 Forest Hill-Irene Road
Germantown, TN 38125
Sale Amount: $5.2 million

Sale Date: March 31, 2014
Buyer: 3860 Forest Hills Irene LLC
Seller: BACM 2007-1 Irene Road LLC
Loan Amount: $5.6 million
Loan Date: April 17, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA

49. Bank Buys Collierville Property After Foreclosure -

First Citizens National Bank has paid $1.3 million in a substitute trustee’s deed for the industrial property at 141 Eastley St. in Collierville following a foreclosure.

50. Armstrong Relocation Owner Shares ‘Only in America’ Story -

When Tom Watson was a child, his father and uncle bought what was then known as Armstrong Transfer and Storage Co.

51. Gregory Realty Pays $1.8 Million for Bartlett Facility -

The 30,976-square-foot industrial facility at 7895 Stage Hills Blvd. in Bartlett has sold for $1.8 million.

52. Wright Medical Investing in Arlington -

Just months after relocating its corporate headquarters to Memphis, Wright Medical Group Inc. is planning a $4.3 million expansion of its manufacturing and distribution operations in Arlington.

53. 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.

54. Wright Medical Investing in Arlington -

Just months after relocating its corporate headquarters to Memphis, Wright Medical Group Inc. is planning a $4.3 million expansion of its manufacturing and distribution operations in Arlington.

55. Dallas Company Buys Macon Road Center -

6100 Macon Road
Memphis, TN 38134
Sale Amount: $1.2 million

Sale Date: March 26, 2014
Buyer: PNL Cumberland LLC
Seller: Flagstar Bank FSB
Loan Amount: $862,500
Loan Date: April 1, 2014
Maturity Date: N/A
Lender: Pinnacle Bank
Details: An affiliate of Dallas-based The PNL Cos. has paid $1.2 million for the 30,000-square-foot shopping center at 6100 Macon Road in Northeast Memphis.

56. Continental Eyeing Memphis for Tire Facility -

The tire division of Continental AG, one of the world’s largest automotive industry suppliers, is eyeing a location on Winchester Road in Memphis for a retreading, service and sales center.

Continental Tire the Americas LLC is seeking a tax break from the Economic Development Growth Engine of Memphis and Shelby County for a tire facility that will employ 25 people at 3474 Winchester Road.

57. 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.

58. Food Recycler Buys Presidents Island Property -

ReConserve of Memphis Inc., the local affiliate of a California-based food recycling company, has bought the warehouse at 1495 Harbor Ave. on Presidents Island for $781,577.

59. Where There’s Smoke -

DON’T WAIT FOR THE FIRE TO FIND THE WATER. Neglect and denial burns in empty buildings and blighted neighborhoods, futures are hazy, moods are dark and the smoke from all of it chokes cities and sends those able to flee to greener ground at the edges, leaving behind a bitter landscape, a smoldering threat.

60. Campfield Sticks to Goals of Smaller Government -

For a decade, state Sen. Stacey Campfield has been unafraid of making headlines.

First as a state representative, and then in the Senate, he’s spoken his mind and put forth legislation that meets his stated goals of shrinking government.

61. Owner of Air Trans Warehouse Files Loan -

The owner of the 224,749-square-foot warehouse at 4120 Air Trans Road in Oakhaven has filed a $3.8 million loan on the property.

62. 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

63. Mosaic in the Making -

A group of artists soon will be chosen to add something new to the canvas of Downtown’s South Main Historic Arts District.

They’ll be part of a public art program called South Main Mosaic, for which the Downtown Memphis Commission has put out a call for artists based within 250 miles of Memphis to submit everything from sculptures to murals, videos, artistic lighting and more. Up to 10 pieces will be chosen, and a budget of $47,000 has been allocated for artist fees and production of the works.

64. 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.

65. 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

66. Collierville Pepsi Plant Lays Off 55 -

The Pepsi Beverages Co. plant in Collierville is laying off 55 workers as it shut down soft drink and other beverage production immediately at the plant at 110 S. Byhalia Road, according to a notice the company sent to Collierville city leaders.

67. Owner of New Getwell Facility Files $1.2M Loan -

The owner of the 110,808-square-foot industrial facility at 4050 New Getwell Road in Oakhaven has filed a $1.2 million loan on the property.

68. City Council Continues Pension Talks -

Memphis City Council members continue their discussions Tuesday, March 18, about the city’s unfunded pension liability as well as possible changes in city employee heath care benefits.

But there is still no action on any part of the issues on the council agenda for a vote.

69. Collierville Pepsi Plant Lays Off 55 -

The Pepsi Beverages Co. plant in Collierville is laying off 55 workers as it shut down soft drink and other beverage production immediately at the plant at 110 S. Byhalia Road, according to a notice the company sent to Collierville city leaders.

70. 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.

71. Nolan AV Files Loan on Shelby Oaks Facility -

Longtime audio-visual company Nolan AV has filed a $1 million loan on its industrial facility at 6225 Shelby Oaks Drive in Northeast Memphis.

72. IMC Cos. Expands Mid-Atlantic Footprint -

Memphis-based IMC Cos. has acquired the marine drayage division of Norfolk, Va.-based D.D. Jones Transfer and Warehouse Co.

73. 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.

74. IMC Cos. Expands Mid-Atlantic Footprint -

Memphis-based IMC Cos. has acquired the marine drayage division of Norfolk, Va.-based D.D. Jones Transfer and Warehouse Co.

75. Orpheum Files Permit For Performing Arts Center -

225 S. Main St.
Memphis, TN 38103

Permit Cost: $10.2 million

Project Cost: $14.5 million

76. 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.

77. 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.

78. Editorial: Candy Business has Lessons for Memphis -

There are lessons to be learned from even the basic outline of the story of candy in Memphis that go far beyond making something sweet.

The traditional components of the city’s better-known business narratives – innovation, tenacity, adapting to change – are part of the outline.

79. The Sweet Spot -

Gary Wilkes usually doesn’t notice the smell at the family business, Wayne’s Candy Co. Inc., unless he has just returned from vacation.

80. Colgate-Palmolive Building New Plant -

Officials say Colgate-Palmolive is building an oral care products manufacturing plant in Hamblen County, Tenn., adding 75 jobs in the process.

In a news release, Tennessee Economic and Community Development Commissioner Bill Hagerty says the company will invest $25 million in manufacturing equipment and building and infrastructure improvements in Morristown.

81. Full Steam Ahead -

A burgeoning distribution and logistics market for the Mid-South is taking root in the rich Delta soil in Marshall County, Miss., and Fayette County, Tenn.

Industrial developers and their tenants, lured by the availability of large tracts of land, major infrastructure enhancements, a new intermodal facility and friendly, focused public policy, are increasingly targeting the area.

82. Full Steam Ahead -

A burgeoning distribution and logistics market for the Mid-South is taking root in the rich Delta soil in Marshall County, Miss., and Fayette County, Tenn.

Industrial developers and their tenants, lured by the availability of large tracts of land, major infrastructure enhancements, a new intermodal facility and friendly, focused public policy, are increasingly targeting the area.

83. 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.

84. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

85. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

86. KBM Group Growing at Clark Tower -

A digital marketing agency is expanding at Clark Tower in East Memphis.

KBM Group, which is part of Wunderman/WPP, one of the world’s largest marketers, is expanding at Clark Tower less than a year after moving into the East Memphis office building, 5100 Poplar Ave.

87. US Businesses Boost Stockpiles 0.4 Percent in November -

WASHINGTON (AP) — U.S. companies built up their stockpiles in November as their sales improved. Continued growth in inventories suggests businesses believe consumers will increase spending in the months ahead.

88. Midtown Medical Office Building Sells for $2.6 Million -

A partnership of two Utah-based companies has acquired a medical office building on Union Avenue near Overton Square.

Trivalis LLC and Novalis LLC, both based in Utah, acquired the medical office building built in 1967 at 2076 Union Ave., next door to the IHOP restaurant, for $2.6 million. The property, at the corner of Union Avenue and Florence Street, was appraised at $1.3 million in 2013, according to the Shelby County Assessor of Property’s office. The sellers, Missouri-based Roundabout Real Estate LLC and Visual Projects LLC, acquired the property in 2008 for $2 million.

89. Electrolux Cooks -

Executives at Electrolux Major Appliances North America formally opened their Memphis plant Thursday, Jan. 9, at Frank C. Pidgeon Industrial Park.

But as Tennessee Gov. Bill Haslam and local elected leaders toured the facility, there were plenty of indications the $266 million plant has been turning out ovens and stoves for a couple of months.

90. SK Realty Pays $9.4 Million For Raines Warehouse -

An affiliate of New York-based SK Realty Management has paid $9.4 million for the 658,257-square-foot warehouse at 5555 E. Raines Road in Hickory Hill.

91. Oakhaven Warehouse Sells for $1.2 Million -

4300 Air Trans Road
Memphis, TN 38118
Sale Amount: $1.2 million

Sale Date: Dec. 17, 2013
Buyer: Chob Realty LLC
Seller: Tenn Trans LLC
Loan Amount: $950,000
Loan Date: Dec. 19, 2013
Maturity Date: N/A
Lender: BankPlus
Details: The 109,626-square-foot warehouse at 4300 Air Trans Road in Oakhaven has traded hands for $1.2 million.

92. Will a Leader Take a Stand? -

Despite its history of entrepreneurialism, Memphis is a ghost town when it comes to birthing and growing businesses.

We keep beating this drum, hoping people will hear and that a leader will answer the call. Memphis needs an entrepreneurial champion.

93. Mid-South Food Bank Files $1.6 Million Loan -

Mid-South Food Bank has filed a $1.6 million on its newly acquired property at 3834 Knight Road in Oakhaven.

94. Wright Signs Lease for East Memphis Headquarters -

After months of planning, Wright Medical Group Inc. has signed the lease for its new headquarters and is in the process of moving to the wooded office campus at Park Avenue and Cherry Road in East Memphis.

95. Oakhaven Warehouse Sells for $1.2 Million -

The 109,626-square-foot warehouse at 4300 Air Trans Road in Oakhaven has traded hands for $1.2 million.

96. New Owner of Holmes Properties Files Loan -

The new owner of the Memphis Logistics I and II buildings at 5510 E. Holmes Road and 5540 E. Holmes Road has filed a $28.9 million loan on the properties.

97. Industrial Uptick Seen in Outer Counties -

The Memphis industrial market saw the return of speculative development in 2013 and an uptick in tenants seeking blocks of 500,000 square feet or more.

After suffering through a prolonged slump in industrial construction activity following the economic collapse and resulting recession, industrial development outside of Shelby County in the Memphis market roared back to life in 2013.

98. Cordova Creek Apartments Sell for $12.5 Million -

1175 N. Germantown Parkway
Memphis, TN 38016
Sale Amount: $12.5 million

99. Industrial Portfolio Sells for $40.1 Million -

Three Class A warehouses totaling close to 1.9 million square feet in Southeast Memphis have been sold for a combined $40.1 million.

The Memphis Logistics I and II buildings at 5510 E. Holmes Road and 5540 E. Holmes Road and the warehouse at 4880 Tuggle Road were sold in two separate deeds in lieu of foreclosure that closed Dec. 16.

100. Memphis Core Center Sells for $14.3 Million -

The Memphis Core Center warehouse at 4250 E. Shelby Drive in Oakhaven has traded hands for $14.3 million.