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Editorial Results (free)

1. Memphis Multifamily Sector on Firm Ground -

It was 2008 and Memphis-based Makowsky Ringel Greenberg had just acquired a swath of property inside Boyle Investment Co.’s master planned Schilling Farms community in Collierville for a new multifamily development.

2. Developer Tries Again for Highland McDonald’s -

The developer behind a proposed McDonald’s on Highland Avenue near the University of Memphis is making another attempt at the project.

According to the most current site plan, the 5,353-square-foot restaurant building is situated along the sidewalk on Highland and a looping drive-thru proposed earlier has been replaced with one that runs along the eastern side of the building.

3. Asics America to Expand Byhalia Footprint -

Asics is expanding its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park area by 342,144 square feet.

The expansion comes on the heels of a 513,000-square-foot build-to-suit completed in 2010, and now will consolidate the footwear distribution center with the apparel distribution center, which was previously located in Southaven. Asics hopes to improve its overall efficiency by combining the two components under one roof, which will total 855,144 square feet.

4. Asics America to Expand Byhalia Footprint -

Asics is expanding its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park area by 342,144 square feet.

The expansion comes on the heels of a 513,000-square-foot build-to-suit completed in 2010, and now will consolidate the footwear distribution center with the apparel distribution center, which was previously located in Southaven. Asics hopes to improve its overall efficiency by combining the two components under one roof, which will total 855,144 square feet.

5. ‘Significant Headwinds’ -

When Gov. Bill Haslam joined local economic development and civic officials at FedExForum in January to announce that Conduit Global would open a call center in Shelby County that would employ 1,000 people over the next three to five years, it provided a much-needed boost to the local office real estate sector.

6. Problem Solvers -

Rick Smith is director of property management for Finard Properties, the commercial real estate firm that owns and manages properties such as the landmark Poplar Plaza shopping center at Poplar Avenue and Highland Street.

7. 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.

8. What to Aid Ailing Casino Market -

TUNICA RESORTS, Miss. (AP) – As Tunica grapples with the Harrah's closure, the state of Mississippi hasn't acted to support the industry. But there are proposals under discussion that might bolster the remaining casinos and the tax revenue they produce. Here's a brief look at some:

9. 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.

10. Medical Makeover -

After suffering from years of benign neglect, a new, more invigorated Memphis Medical Center is finally beginning to take shape.

A drive or walk around the area these days shows the hallmarks of a changing landscape – bulldozers, backhoes, cranes and construction crews working feverishly to forge the new urban environment.

11. Vote of Confidence -

After experiencing a strong fourth quarter in 2013, confidence in the Memphis office market remains high so far this year.

First quarter leases signed outnumbered tenant move outs and the Memphis market ended the quarter with 54,989 square feet of absorption, according to CB Richard Ellis Memphis.

12. 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.

13. 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.

14. 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.

15. 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.

16. Low-Wage Jobs Unexpectedly a Way of Life for Many -

WASHINGTON (AP) – For years, many Americans followed a simple career path: Land an entry-level job. Accept a modest wage. Gain skills. Leave eventually for a better-paying job.

The workers benefited, and so did lower-wage retailers such as Wal-Mart: When its staffers left for better-paying jobs, they could spend more at its stores. And the U.S. economy gained, too, because more consumer spending fueled growth.

17. 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.

18. 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.

19. 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.

20. Council Gets Overview of Public Safety Spending -

Memphis City Council members got a first and at times conflicting look Tuesday, Jan. 21, at the hard decisions they could make about city spending on public safety.

Memphis Mayor A C Wharton Jr. walked the council through some ideas for cuts in city spending beyond larger changes in city retirement and health benefits. Those obligations are the “cornerstone” of the efforts to get the city’s financial house in order, said city Chief Administrative Officer George Little.

21. 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.

22. 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.

23. Germantown Planning Commission OKs Plan for Whole Foods -

Developers on Tuesday, Jan. 7, cleared a key regulatory hurdle for a planned Whole Foods Market store in Germantown.

Before a packed house, the Germantown Planning Commission voted to approve a revamped plan for a new Whole Foods store at the southeast corner of the intersection of Poplar Avenue and Pete Mitchell Road, on the eastern edge of Germantown’s Central Business District.

24. Ballpark Deal Back Before City Council -

Memphis City Council members are scheduled to pick up Tuesday, Jan. 7, where they left off last month in considering a proposal in which the city of Memphis would buy AutoZone Park and contribute toward improvements to the ballpark.

25. Orangetheory Fitness Signs New Lease In Stonecreek -

Orangetheory Fitness has signed a lease at Stonecreek Centre at Poplar Avenue and Forest Hill-Irene Road in Germantown.

Orangetheory Fitness will occupy 3,167 square feet at the location. Orangetheory Fitness is a workout method that is broken into intervals of cardiovascular and strength training while using heart rate monitors to keep heart rates in a targeted zone to stimulate metabolism and increases energy.

26. 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.

27. Pay Raises, Germantown Schools Deal Top Commission Agenda -

Shelby County Commissioners won’t be voting on anything having to do with the proposed sale of AutoZone Park when they meet Monday, Dec. 16.

The resolution involving their piece of the original terms of financing for the ballpark in 1998 was pulled from the agenda of the last meeting of 2013 at the request of Memphis Mayor A C Wharton Jr. last week.

28. Olymbec Acquires 13-Building Bellbrook -

Olymbec USA LLC has snatched up two more key Memphis properties, including the 1.8 million-square-foot Bellbrook industrial park.

29. Olymbec Acquires Bellbrook Industrial Park -

Olymbec USA LLC has snatched up two more key Memphis properties, including the 1.8 million-square-foot Bellbrook industrial park.

30. ‘Pro-Business’ -

The explosive population growth and business-friendly environment in DeSoto County have combined to transform its formerly sleepy suburbs into thriving retail and industrial development centers.

Today, Goodman Road looks more and more like a busy commercial strip in Memphis, and DeSoto County has become the favored location for large industrial developers.

31. ‘Pro-Business Environment’ -

The explosive population growth and business-friendly environment in DeSoto County have combined to transform its formerly sleepy suburbs into thriving retail and industrial development centers.

Today, Goodman Road looks more and more like a busy commercial strip in Memphis, and DeSoto County has become the favored location for large industrial developers.

32. Sales of Small Businesses Finally Make Big Gains -

NEW YORK (AP) – Sales of small businesses are finally making big gains.

Fred Barkman, who last year bought Spectra Laboratories, a company that tests land and water for toxins, is in the process of purchasing a second environmental lab. Both companies were owned by retirees who wanted to sell but had to wait for the economy to improve after the recession devastated the small business market.

33. Panattoni’s Speculative Warehouse Underway -

In industrial development news, construction on Panattoni Development Co.’s speculative industrial building in Marshall County, Miss., is progressing.

34. Nike Files $4.3 Million Permit for Frayser Facility -

3100 New Frayser Blvd.
Memphis, TN 38128
Permit Cost: $4.3 million

Project Cost: $301 million
Permit Date: Applied September 2013
Completion: TBA
Owner: Nike Inc.
Tenant: Nike Inc.
Architect: N/A
Contractor: Wynright Corp.
Details: Nike Inc. has filed a $4.3 million building permit with the city-county Office of Construction Code Enforcement for work on its North Memphis distribution center at 3100 New Frayser Blvd.

35. Cutting Edge -

Methodist Olive Branch Hospital opened its doors late last month, and hospital officials can expect to see dramatically reduced energy costs thanks to innovative, environmentally friendly design features like photoelectric glass and a geothermal heat pump system – one of the first of its type in a hospital in the U.S.

36. Bumper Crop -

Unless you see the signs, it is hard to tell when you have crossed the Tennessee-Mississippi state line where Fayette County, Tenn., meets Marshall County, Miss., not too far from the southern city limits of Collierville.

37. Government Largesse -

These days, it seems like office real estate brokers are fighting tooth and nail to find office space for government tenants.

While office brokers are typically chasing new business to town or urging existing firms to grow, they’re now looking for office space for government agencies, which have emerged as prominent players in the local office real estate sector.

38. Cozymel's Property Comes Down -

The first financial ripples from International Paper Co.’s decision to build a fourth tower at its East Memphis campus are seeping out.

39. Cresthaven Medical Building Sells for $2.5 Million -

1068 Cresthaven Road Memphis, TN 38119

Sale Amount: $2.5 million

Sale Date: May 2, 2013

40. Sammons Seeks Final Cut Numbers From Delta -

Jack Sammons, the new chairman of the Memphis-Shelby County Airport Authority board, is no stranger to the flight from Memphis to Atlanta. Sammons long has been the board’s frequent flyer when it comes to business travel.

41. Apperson Crump Expands in Triad III -

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.

42. Olymbec USA LLC Buys Again in Memphis -

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.

43. Olymbec USA LLC Buys Again in Memphis -

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.

44. Former Harrah's Headquarters Sells for $4.1 Million -

The previous owner of the East Memphis office complex at 1023 Cherry Road has reinvested in the asset for $4.1 million.

45. Former Harrah’s Headquarters Sells for $4.1 Million -

The previous owner of the East Memphis office complex at 1023 Cherry Road has reinvested in the asset for $4.1 million.

46. Former Harrah’s Headquarters Sells for $4.1 Million -

The previous owner of the East Memphis office complex at 1023 Cherry Road has reinvested in the asset for $4.1 million.

47. Helen of Troy Plans Build-to-Suit -

Helen of Troy Ltd., a manufacturer and distributor of household products, has finalized plans to build a 1.3 million-square-foot distribution facility in Olive Branch.

The $37 million facility will be constructed on a 77-acre site in the Whispering Woods development on Polk Lane in DeSoto County. CB Richard Ellis Memphis brokers Patrick Burke, Tommy Jackson and Jim Mercer represented Panattoni Development Co. in the land sale and build-to-suit negotiations to Helen of Troy, which closed on Dec. 28.

48. Norfolk Southern Increases Activity -

Norfolk, Va.-based Norfolk Southern Corp. expects to continue increasing operations this year at its new Memphis Regional Intermodal Terminal in Rossville, just east of Collierville.

49. Changing Market -

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.

50. Milwaukee Electric Tool Building Bought by Monmouth for $28 Million -

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.

51. Midtown Momentum -

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.”

52. Fayette, Marshall Prep for Ambitious Industrial -

With Norfolk Southern Corp.’s Memphis Regional Intermodal Terminal now operational in Rossville and a pair of large-scale industrial manufacturing buildings under way in the area, stakeholders say the future is bright for the region.

53. Urban Land Institute: Memphis Recovering Slowly, Behind Nashville -

Memphis’ economy and commercial real estate industry is recovering, but not as fast as other places – like Nashville.

That was the message local professionals heard Tuesday, Dec. 4, at the Urban Land Institute Memphis’ 2013 Real Estate Outlook for the Mid-South.

54. Jones Back in Familiar Post at Millington City Hall -

After four years away from City Hall, Terry Jones returns to the Millington mayor’s office in January.

55. Development Accelerator -

The city of Millington didn’t have a city engineer until 2008 when it had to have one in order to have local control over the Veterans Parkway road construction project.

“I thought it was kind of my cross to bear since I was hired in 2008,” Millington City Engineer Darek Baskin said this week of the road.

56. Highpoint Church Buys Briarcrest’s East Memphis Campus -

After seven years of leasing space for its worship services, Highpoint Church has acquired Briarcrest Christian School Systems Inc.’s property at 6000 Briarcrest Ave. for $7.25 million.

57. Snyder’s-Lance Signs Deal In Southaven -

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

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

58. Kroger Buys Union Space for Expansion -

Kroger has acquired the Belvedere Apartments in Midtown as part of a long-term project to reconfigure the grocery store’s antiquated and challenged layout.

Kroger Delta Division closed Wednesday, Sept. 12, on the 10-story apartment high-rise at 1733 Union Ave. from Belvedere Apartment Inc. The sale includes Belvedere’s attached and front parking areas.

59. Wharton: ‘Everything is Coming Together’ -

Memphis Mayor A C Wharton Jr. had to make a decision Monday, July 2: Get up before dawn and catch a flight to Atlanta or stick with a scheduled and extensive bus tour for newspaper editors and others of the three core city neighborhoods he has targeted in a small-business innovation effort.

60. Hillwood Buys Pilot Drive Warehouse -

Hillwood Investment Properties has purchased the 605,000-square-foot warehouse at 4221 Pilot Drive in Southeast Memphis for $7.5 million from Addison, Texas-based MM Industrial Memphis LLC.

61. Control Over Ex-Tycoon Stanford's Assets at Issue -

HOUSTON (AP) – As former Texas tycoon R. Allen Stanford's criminal case gets ready to wind down with his sentencing Thursday for a $7 billion Ponzi scheme, the battle for control of his remaining assets around the globe still hasn't been settled.

62. Colliers Duo Has Stellar Start to ’12 -

Colliers International’s industrial team of Andy Cates and Preston Thomas has closed on 34 transactions (sales and leases) to date in 2012. Here’s a rundown of some of the team’s most recent industrial transactions:

63. Georgia 3PL Growing Its Area Footprint -

A Savannah, Ga.-based third-party logistics firm is seeing rapid expansion in the Southeast Memphis industrial market after its local entrance less than a year ago.

Coastal Logistics Group Inc. has signed a 50,000-square-foot lease extension at 5715 Distribution Drive, bringing its Memphis footprint to 100,000 square feet. The company inked its initial 50,000-square-foot warehouse lease in June.

64. New Owner For Bartlett Car Wash Property -

A former car wash site in Bartlett has traded hands. Nyan Jaf acquired the 0.71-acre lot at 5960 Summer Ave. from Mr. Carwash LLC for $65,000.

65. Pera, Lightman, Rainer V Take Top Pinnacle Awards -

The Memphis Area Association of Realtors Commercial Council honored the top performers in commercial real estate for 2011 at the 11th annual Pinnacle Awards gala, held Tuesday, April 24, at the Holiday Inn University of Memphis.

66. Southland Sells Parcels To Bank For $1 Million -

A Downtown property that real estate investor Terry Lynch once planned for residential and retail space was sold back to the lender for slightly less than $1 million.

67. Benz Repair Shop to Open On Cooper St. -

A high-end automobile maintenance and repair shop soon will be added to Cooper-Young’s booming portfolio of local businesses.

Shane Herbers, founder of Midtown Motor Werks, has leased 5,000 square feet at 795 S. Cooper St. from Richard Sullivan.

68. Miconi Finds Success During First Year -

Start-up firm Miconi Project Management has completed several projects in the Memphis area in recent months, and has more in the pipeline.

Warren Miconi founded the firm on April 1. It provides real estate project management and consulting services to clients with operations in Mississippi and the Mid-South.

69. CRE Outlook Remains Mixed -

A sophomore at the University of Memphis could open up an economics book and explain how the United States got to its current state through the laws of demand, diminishing returns and comparative advantage.

70. CRE Outlook Remains Mixed -

A sophomore at the University of Memphis could open up an economics book and explain how the United States got to its current state through the laws of demand, diminishing returns and comparative advantage.

71. Grinding it Out -

After most recessions, real estate bounces back.

But the Great Recession has been notably different – long, deep and very prolonged.

That’s the message Dr. John Gnuschke, director of the Sparks Bureau of Business and Economic Research and co-director of the Center for Real Estate at the University of Memphis, delivered in December at the Urban Land Institute’s Real Estate Outlook for the Mid-South.

72. Lamar Crossing Apts. Changes Owners Again -

2881 Lamar Ave.
Memphis, TN 38114
Loan Amount: $3.5 million

Loan Date: Oct. 7, 2011
Maturity Date: n/a
Borrower: Lamar Apartments LP
Lender: Nessko TN LLC

73. CRE Activity Stays Strong During 2011 -

Despite hard times, local commercial real estate firms were able to ink plenty of deals in the past 12 months.

Memphis’ industrial leasing activity kicked off in January when Buena Park, Calif.-based Pacific Logistics Corp. signed a 60,000-square-foot lease in ProLogis Park DeSoto for its first Memphis-area location.

74. Prolonged Recession -

In the words of Phil Woodard, an owner of multiple residential and commercial properties in Downtown Memphis, breaking even is the new profit.

Or as national real estate expert Jonathan Miller said earlier this month at the Urban Land Institute’s Real Estate Outlook for the Mid-South, “We cannot expect to make money the way we did a few years ago.”

75. Harbor Town Apts. Sell For $31.5M -

Dallas-based Behringer Harvard has acquired the Arbors Harbor Town Apartments – a 345-unit multifamily community in Harbor Town on Mud Island – for $31.5 million, or $91,304 per unit.

76. Boyle Promotes Binkley to VP -

Boyle Investment Co. has promoted Les Binkley to vice president.

Along with overseeing day-to-day activities that pertain to Boyle’s mixed-use developments, Binkley will explore potential property acquisitions for future Boyle projects.

77. Colliers Signs Baker to First Site in Tenn. -

Colliers International’s industrial team of Andy Cates, Preston Thomas and Mike Driscoll has inked 63 transactions this year. Here’s a rundown on a flurry of recent deals the trio has brokered.

78. Willow Lake Apartments Fetch $7.8M -

A North Hickory Hill apartment complex has traded hands for the second time in 18 months.

Bloomington, Minn.-based New Life Core Willow Lake LLC has bought Willow Lake Apartments at 2774 Mendenhall Road from NW-Willow Lake LLC for $7.8 million. The purchase was financed with a $7 million loan through KeyBank NA.

79. Arlington Pet Hospital Files $1.2M Permit For Expansion -

Construction plans for a new stand-alone space for a growing Arlington veterinary clinic are under way near its current shopping center space.

Samuel Garrett Davis, founder of Arlington Pet Hospital PLLC, has filed a $1.2 million building permit application with the city-county Department of Construction Code Enforcement for a 5,200-square-foot facility, complete with hospital boarding and grooming capabilities.

80. Nissan North America Renews Lease In SE Shelby -

Nissan North America Inc. has renewed its 413,000-square-foot lease in Southeast Shelby County.

81. Former C’ville Fitness Center Sells For $2.7M -

Memphis-based Hackmeyer Properties has bought the former Prairie Life Fitness Center at 3690 S. Houston Levee Road in Collierville from Prairie Life Fitness LLC for $2.7 million and is leasing the 57,264-square-foot facility to a new fitness company.

82. Greyhound Move to Alter Downtown Gateway -

The recent listing of the Greyhound Bus Station in Downtown Memphis has a lot bigger impact for the city than meets the eye.

Dallas-based Greyhound Lines Inc. soon will move its depot to Memphis Area Transit Authority’s Airways Transit Center, 3033 Airways Blvd., near Memphis International Airport.

83. Defense Depot Property Sells for $1.1 Million -

2085 W.E. Freeman Drive
Memphis, TN 38114
Sale Amount: $1.1 million

Sale Date: Sept. 14, 2011

Buyer: Varma Family LP

84. Greyhound Station Listed for $2.3M -

The Greyhound Bus Station in Downtown Memphis has been listed for sale by CB Richard Ellis Memphis for $2.3 million.

The intercity bus transportation hub is at 203 Union Ave., directly across from AutoZone Park and near one of Downtown’s busiest intersections.

85. Greyhound Station Listed for $2.3M -

The Greyhound Bus Station in Downtown Memphis has been listed for sale by CB Richard Ellis Memphis for $2.3 million.

The intercity bus transportation hub is at 203 Union Ave., directly across from AutoZone Park and near one of Downtown’s busiest intersections.

86. Mississippi Muscle -

Since the 1950s, Memphis has been building industrial space for users to benefit from the city’s transportation amenities, which now includes five Class 1 railroads, several interstate highways, the nation’s fourth-busiest inland waterway port and the world’s second-largest cargo airport.

87. Have ‘Mondegreens’ Had Their Day? -

The word “Mondegreen” made it into the dictionary in 2000, 46 years after it was coined. I guess I haven’t written about it since before that time.

The word was come up with by American writer Sylvia Wright, in a 1954 essay in Harper’s. As a youth, Wright heard her mother read from “The Bonny Earl o’ Moray”: “They hae slain the Earl o’ Moray/ And laid him on the green.”

88. Plans Move Ahead For Cordova Staples -

1.7 acres in
Galleria of Memphis
Sale Amount: $850,000

Sale Date: July 26, 2011

Buyer: TN Cordova Germantown LLC

89. Tiger Gift Shop Moves To Larger Space -

Tiger Gift Shop is relocating a few doors down from its current location on the Highland Strip near the University of Memphis.

The university retailer, now at 549 S. Highland St., has signed a new 5,000-square-foot lease at 531 S. Highland, in the space formerly occupied by From One Greek to Another.

90. Plans Move Forward for Cordova Staples -

Plans for a Staples office-supply store in Cordova are moving forward.

Greenville, S.C.-based TN Cordova Germantown LLC has bought a 1.7-acre parcel in The Galleria of Memphis Planned Development, phase IV, from Kohl’s Department Stores Inc. for $850,000. The site is part of an 11.5-acre site at the northwest corner of North Germantown Parkway and Market Place that currently houses an 88,840-square-foot Kohl’s department store.

91. CRE Sales Increase 20 Percent In June -

Local commercial real estate sales improved in all categories last month, strongly aided by two big-ticket multifamily sales.

Shelby County saw 53 CRE sales in June, a 20 percent increase from 44 sales in June 2010, and a 4 percent boost from 51 in May, according to the latest information from real estate information company Chandler Reports, www.chandlerreports.com.

92. MC Ionic Solutions US Begins Work on Fite Rd. Site -

2665 Fite Road
Memphis, TN 38127
Permit Amount: $1.3 million

Permit Date: Applied July 2011

93. CrescoAg Inks Lease for New Downtown HQ -

Downtown Memphis has landed another corporate headquarters. CrescoAg LLC, an independent information management company, has signed a new lease on 4,594 square feet at 88 Union Ave.

94. Grants Buy Lots in Kensington PD -

Three companies related to the Grant family of homebuilders have bought the remaining 105 lots in Arlington’s Kensington Planned Development for a combined $2.6 million from BancorpSouth Bank. Kensington was approved for 109 lots on 45.4 acres.

95. New Air Traffic Control System at Crossroads -

WASHINGTON (AP) – The Federal Aviation Administration is creating a new air traffic system that officials say will be as revolutionary for civil aviation as was the advent of radar six decades ago. But the program is at a crossroads.

96. Perception vs. Reality -

Last month’s Mississippi River gauge was the second highest level ever recorded in the city’s history – flooding about 18 percent of Shelby County’s land and some 2,500 pieces of property – but for the city’s industrial warehouses it was virtually a non-issue.

97. Dollar General Building Store On Jackson In N. Memphis -

Plans for a new Dollar General store in the city’s North submarket are under way. Ware Properties LLC purchased 9,100 square feet of vacant land at 3433 Jackson Ave. from Hector Tejeda in May for $140,000, according to the Shelby County Register of Deeds. The Shelby County Assessor of Property’s 2011 appraisal of the parcel was $109,200.

98. Market Changes -

With the local commercial real estate industry showing signs of a rebound, it still appears the bounce back has a ways to go to a full recovery.

Shelby County’s commercial sales during the past 12 months – May 2010 through April 2011 – totaled 698, up 19 percent from 585 sales during the previous 12-month period, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com. Commercial real estate sales numbers reflect office, industrial and retail real estate.

99. Ridgeway Trace’s Success Fills ‘Huge Void’ -

A dramatic change to the retail landscape in East Memphis began in February of 2005 with one phone call.

Danny Buring, managing partner of The Shopping Center Group, made that call to the owner of the Ridgeway Trace Apartments, located on the southeast corner of Poplar Avenue and Interstate 240.

100. Mixing it Up -

Scarce new development is providing the retail sector the opportunity to rethink how it delivers its goods and services, moving away from car-dependent models and toward walkable urban centers.

This mixed-use, walkable neighborhood concept is something Memphis will see more and more of, especially in the urban core, said Jason Polley, project leasing director for Stonecrest Investments LLC.