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Editorial Results (free)

1. Dohmen Life Science Adds Space in SE Memphis -

Dohmen Life Science Services is expanding its footprint in Southeast Memphis.

The operator of the pharmaceutical logistics company DDN recently inked lease renewals and an expansion that pushed its occupancy to 628,000 square feet.

2. ‘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.

3. FedEx Consolidates Office Space -

For months, commercial real estate brokers have been watching closely for any signs that might hint at what FedEx Corp. and its subsidiaries will do with the hundreds of thousands of square feet of commercial space the Memphis-based company leases across the area.

4. 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.

5. Cates, Kornegay Look to Future While Honoring Colliers’ Past -

The memory is scorched in Andy Cates’ mind.

It was 2005 and Cates, just 29 years old at the time, was being made a partner at Colliers International Memphis, the commercial real estate firm.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. Phillips Joins Spirco as Manager, Vice President -

Mike Phillips has joined Spirco Manufacturing as general manager and vice president of operations. In his new role, Phillips will oversee all divisions of the metal-building manufacturer and direct its organizational needs.

12. Pinnacle Departure Brings Real Estate Challenge -

Pinnacle Airlines Corp.’s relocation of its Memphis headquarters to Minneapolis by May should have long-term leasing effects on the Downtown office market.

13. Slow and Steady -

The local office market saw little change in the third quarter, and brokers say the fourth quarter will likely yield similar results.

Memphis’ vacancy rate ended the quarter in the mid-14 percent range, the same levels as 2008, according to Colliers International Memphis’ Q3 office report. Vacancy during that period in 2007 was below 12 percent.

14. Cohen Talks About Opponents, Schools, Race and His Political Past -

U.S. Rep. Steve Cohen is running for a fourth term in Congress starting with the Aug. 2 primary, in which he is being challenged by countywide school board member Tomeka Hart.

15. ‘Perfect Storm’ -

Office sublease space reached a record high in the first quarter, and local experts are forecasting even more leases from one lessee to another to hit the market prior to year-end.

Office subleasing totaled 600,664 square feet during the first three months of the year, according to Cushman & Wakefield/Commercial Advisors LLC’s Q1 office market report. That’s nearly 14 percent of total available space.

16. Granting Wishes -

Make-A-Wish Foundation of the Mid-South plans to grant 220 wishes to children with life-threatening medical conditions this year.

On Thursday, May 24, the Memphis Area Association of Realtors Commercial Council was able to witness one of those wishes being granted firsthand at Windyke Country Club, as well as donate enough funds to share the power of three additional wishes.

17. In-Rel Outsources Office Leasing -

In-Rel Properties Inc. has outsourced its Memphis office leasing to Cushman & Wakefield/Commercial Advisors LLC, following months of changes up top for the Lake Worth, Fla.-based real estate firm.

18. In-Rel Outsources Office Leasing -

In-Rel Properties Inc. has outsourced its Memphis office leasing to Cushman & Wakefield/Commercial Advisors LLC, following months of changes up top for the Lake Worth, Fla.-based real estate firm.

19. Office Opportunities -

Memphis’ office real estate landscape is changing, and for three firms, those changes are creating opportunities.

Orlando, Fla.-based Parkway Properties Inc. in March completed the sale of its interest in Renaissance Center – a 190,000-square-foot office building at 1715 Aaron Brenner Drive in the Poplar Avenue corridor – to partner Parkway Properties Office Fund LP.

20. 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.

21. Awards Just One Facet Of Comm. Council -

This year marks a decade of existence for the Memphis Area Association of Realtors’ Commercial Council, the trade organization for the commercial real estate profession and its related sectors.

The council has about 325 members whose professions include commercial developers, brokers, property managers and other related CRE careers. Two of the council’s main events each year are the Commercial Property Forecast Summit, held in February, and the Pinnacle Awards, which honor the highest-producing commercial brokers each spring.

22. Cubicles: Unintended Consequences -

Finding ways to maximize office space isn’t really a new concept. After all, Dilbert has been parodying office life in and around the cubicle for more than 20 years.

But a recession has a way of challenging us all to do more with less and there may be no better example of that in commercial real estate than in the office sector, where there is a global trend toward allocating less square footage per person. Forty percent of respondents in a recent CoreNet Global survey project their office space per person will be 100 square feet or less by 2017 and a majority of respondents reported that they’ve already reduced space per employee by 5 to 25 square feet over the last five years.

23. Renaissance 2012 -

It may be the start of a new year for most people, but for arts organizations in Memphis, it’s a new life altogether. Tough economic years in 2009 and 2010 led to creative collaborations in 2011, which some say will bloom into financial success in 2012.

24. ‘A Different Place’ -

In Memphis’ small commercial real estate network, it’s not uncommon for brokers to be on opposite sides of the negotiating table one hour then clinking beers in celebration at Jim’s Place East the next.

25. Mercer Ready to Steer MAAR Commercial Council -

John Mercer does not take over as 2012 president of the Memphis Area Association of Realtors Commercial Council until Jan. 1, but he is already working hard planning several big MAAR events for early next year.

26. Mayor Wharton to Speak At Commercial Council Breakfast -

The Memphis Area Association of Realtors Commercial Council will serve as host for a breakfast on Wednesday, July 27, with Memphis Mayor A C Wharton Jr. at Downtown’s One Commerce Square Annex, 40 S. Main St.

27. Slow Deals Latest Signs of Times -

Office and industrial deals across the Mid-South are taking longer to get accomplished thanks to shaky confidence and more financial hurdles coming out of the economic downturn of the past few years.

28. MAAR Commercial Council Golf Tourney Makes Dreams Come True -

The First Annual Memphis Area Association of Realtors Commercial Council Charity Golf Tournament raised enough money to grant three wishes for Make-A-Wish children Thursday at Windyke Country Club.

29. MAAR to Honor Top Brokers with Pinnacle Awards -

The Pinnacle Awards have become a benchmark for excellence in the commercial real estate industry.

Started in 2002, the awards honor the highest producing commercial brokers in Memphis for the previous year in a number of categories including broker and newcomer of the year. All commercial brokers who hold membership in the Memphis Area Association of Realtors Commercial Council are encouraged to submit an application.

30. Summit to Provide Insights for CRE Market -

Commercial real estate professionals will soon have the opportunity to gain insight on local and national issues that have an effect on Memphis business.

The eighth annual Commercial Property Forecast Summit, presented by the Memphis Area Association of Realtors Commercial Council, will provide reviews and forecasts of four local commercial real estate sectors.

31. Riley Poised to Lead MAAR Commercial Council in 2011 -

Ron Riley launched his sales career by selling copiers and printers at Xerox Corp. shortly after receiving his bachelor’s degree in business from the University of Memphis.

32. In-Rel Wraps Up Rebranding Campaign -

After more than a year in the making, one commercial real estate firm’s rebranding efforts are now complete as it seeks to zero in on tenant retention.

In-Rel Properties Inc. – formerly In-Rel Management – is now “vertically integrated,” meaning it has shifted its focus to owning and managing its portfolio with little or no third-party involvement.

33. MAAR Commercial Council Welcomes New Board Members -

The Memphis Area Association of Realtors Commercial Council held its annual board of directors meeting Thursday, approving three new members for its 2011 board.

Greg deWitt of Grubb & Ellis Co. will take over one of the council’s director seats next year before becoming the council’s vice president in 2012. He will inherit the seat occupied by John Mercer of Highwoods Properties in 2011.

34. Events Company Sparks New Activity Atop Clark Tower -

After four years of refining and expanding his catering business, Wade Hartsfield has taken on a soaring new challenge.

35. Questions Abound for Commercial Real Estate’s Future -

The commercial real estate market will need to navigate its way through a host of landmines before it sees anything resembling recovery.

That was the message Mark Dotzour, chief economist and director of research for the Real Estate Center at Texas A&M University, told local brokers, bankers and appraisers at Wednesday’s Commercial Property Forecast Summit, held at the Germantown Performing Arts Centre and sponsored by the Memphis Area Association of Realtors Commercial Council.

36. Wamp Heads to Ala. for Gubernatorial Fundraiser -

NASHVILLE, Tenn. (AP) - Tennessee gubernatorial candidate Zach Wamp is headed to neighboring Alabama for a campaign fundraiser.

The $500-per-ticket Wamp fundraiser scheduled for Monday in Huntsville features Alabama Gov. Bob Riley.

37. In-Rel Buys Former Comcast Building, Renames it “Quince Centre” -

6555 Quince Road
Memphis, TN 38119
Sale Amount: $5 million
Sale Date: Dec. 7, 2009

Buyer: 6555 Quince Building Owner LLC
Seller: BACM 2000-2 Quince Road LLC
Loan Amount: $3.1 million
Loan Date: Dec 7, 2009
Maturity Date: N/A
Lender: Insbank

38. In-Rel Closes On Quince Office Building -

In-Rel Management Inc. has bought the 123,924-square-foot office building at 6555 Quince Road in the Quince/Ridgeway area of Southeast Memphis for $5 million in a special warranty deed.

39. MAAR Commercial Council Names 2010 Officers -

The Memphis Area Association of Realtors Commercial Council announced Friday that Wyatt Aiken of Commercial Advisors will serve as 2010 president and Ron Riley of In-Rel Management will serve as 2010 president-elect.

40. MAAR Commercial Council Elects Skopp President -

The Memphis Area Association of Realtors Commercial Council has elected Irvin Skopp of Belz Realty Co. as the 2009 board of directors’ president and Wyatt Aiken of Commercial Advisors as 2009 president-elect.

41. Bredesen to Host Fundraiser for Kurita Replacement -

NASHVILLE, Tenn. (AP) - Gov. Phil Bredesen plans to headline a fundraiser for the Democratic nominee who replaced incumbent Sen. Rosalind Kurita on the ticket in Senate District 22.

A joint convention of Democratic leaders in Montgomery, Cheatham and Houston counties this week voted to select Clarksville attorney Tim Barnes as the nominee over Kurita.

42. Bredesen Reaffirms Commitment To Tennessee Plan -

Tennessee Gov. Phil Bredesen wants the Tennessee Plan for selecting appeals court judges to remain in place.

Bredesen commented last week during a trip to Memphis that included the ceremonial swearing in of new Tennessee Criminal Appeals Court Judge Camille McMullen of Memphis.

43. MAAR ConfirmsCommercial Council Officers -      The Memphis Area Association of Realtors (MAAR) Commercial Council last week confirmed that Steve Guinn of Highwoods Properties will serve as 2008 president. The group also elected Irvin Skopp of Belz Realty Co. as 2008

44. Archived Article -

Six lots in
Braystone Park
Loan Amount: $3.9 million

Loan Date: Dec. 14, 2006

Maturity Date: Dec. 10, 2007

45. Clark Tower OwnerBuys 2400 Poplar -      In-Rel Management Inc., which in 2003 bought Clark Tower at 5100 Poplar Ave., has expanded its Memphis portfolio with the addition of a 66,000-square-foot office building at 2400 Poplar Ave.
    

46. Archived Article: Newsmakers - <ephoto> Pamela Cannon Scretchen was presented with the James G

Perl to Chair Airports Council Committee Arnold Perl, chairman of the Memphis-Shelby County Airport Board of Commissioners, was elected chairman of the Commissioners Committee ...

47. Archived Article: Sofamor Danek Lj - lj 10/5 cates Sofamor Danek breaks ground on new addition By LAURIE JOHNSON The Daily News Sofamor Danek Group Inc. officially broke ground Monday on an addition that will significantly increase the amount of office and distribution space at the com...