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Editorial Results (free)

1. Tigers Must Stay on Right Path to Reach Potential -

Depending on your perspective, it was lavish praise that spoke to the Tigers’ potential still there for the realizing and great NCAA Tournament victories still there for the taking.

Or, depending on your perspective, it was an unintentional indictment of a college basketball team that so far has majored in underachievement and of a basketball equation where the sum is always less than its individual parts.

2. Ciaramitaro Joins Grace-St. Luke’s as School Counselor -

Licensed clinical social worker Courtney Ciaramitaro has joined Grace-St. Luke’s Episcopal School as school counselor. She will work primarily with middle school students.

Hometown: Memphis

3. EdR Announces Executive Additions -

EdR, a Memphis-based developer, owner and manager of collegiate housing, has announced the addition of several key executives: Scott Barton, vice president of acquisitions; Liz Keough, vice president and general counsel; Randy Simpson, vice president of information technology; and James Kenner, director of interior design.

4. Former CBRE Exec Barton Joins Memphis-Based EdR -

Scott Barton has joined EdR, a student housing real estate investment trust based in Memphis, as vice president of real estate acquisitions.

5. New Dishes -

Memphis’ eyes were bigger than its stomach in 2011, but in a good way.

Some local restaurateurs launched completely new concepts; others entered new submarkets with additional stores. Even a handful of national retailers entered the Memphis market after having locations elsewhere in Tennessee for years.

6. Back to Black -

The Friday after Thanksgiving, often dubbed, “Black Friday,” is considered by many to be the traditional start of the holiday season shopping in the U.S.

The origin of the term varies. Some sources attribute the Philadelphia Police Department’s coinage of the phrase in 1966 to describe the hectic traffic and chaotic crowds on the busy shopping day. Others deem the expression to reflect a retailer’s shift to profitability during the holiday season, when a boost in sales moves a business out of the “red” and into the “black.”

7. Economy Has Little Effect on Fine Dining -

In the wake of 9/11, Estée Lauder Cos. chairman Leonard Lauder noticed his company was selling more lipstick than usual.

A 2008 New York Times article explained Lauder proposed lipstick purchases were a way to gauge the economy. When it’s shaky, he said in the article, women are more apt to boost their mood by buying inexpensive lipstick than pricey shoes.

8. 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

9. Back to School -

Back-to-school shoppers will spend about the same dollar amount this year as last year, but they plan to wait until the 11th hour to do it.

Families with children in grades K-12 will spend this year an average of $603.63 on apparel, school supplies and electronics, according to the National Retail Federation’s 2011 Back-to-School survey. That’s within just a few dollars of last year’s $606.40 average.

10. Point of Sale -

Shoppers look for bargains. That’s been the case for ages, but it’s especially true during these trying economic times.

The market reacts to what consumers want, and developers’ answer to this need of late has been the outlet mall.

11. 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.

12. Endpapers -

As the market for brick-and-mortar bookstores lessens, the space that once housed big-box retailers could very well be snatched up faster than a paperback at a liquidation sale.

It was 40 years ago that the first Borders opened its doors in Ann Arbor, Mich., as one of the originators of the big-box bookseller concept. But much to local bookworms’ dismay, Borders will now be known as yet another bookseller to be defeated by the ever-increasing eReader revolution.

13. 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.

14. 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.

15. Land Use Control Board Approves Cordova Staples -

The Memphis-Shelby County Land Use Control Board has granted site plan approval for a new Staples Inc. store in the Galleria of Memphis, on the north side of Market Plaza, adjacent to Kohl’s in the 130-acre retail development at Interstate 40 and North Germantown Parkway.

16. Pinnacle Awards Honor City’s Best Brokers -

As emcee Dan Conaway noted in his opening address Thursday night at the 10th annual Pinnacle Awards, “OK is the new great.”

17. Pinnacle Awards Honor City's Best Brokers -

As emcee Dan Conaway noted in his opening address Thursday night at the 10th annual Pinnacle Awards, “OK is the new great.”

18. Brand Strategy -

It was two years ago at a Five Guys Burgers and Fries franchisee conference when license rights to Memphis were up for grabs.

Mark Moseley, director of franchising for the Lorton, Va.-based burger chain and friend of FedEx Corp. founder Fred Smith, approached Alabama franchisee Seth Hargett about putting together a package and asked him if he wanted Memphis.

19. Hickory Hill Apartments Sell for $10M -

Three apartment communities in the Hickory Hill Road/Knight Arnold Road area have sold for a combined price of $10 million.

Tommy Bronson III and Blake Pera with CB Richard Ellis Memphis’ multifamily division represented Hallmark Capital in the sale to Bellevue, Wash.-based Emerald Apartment Group. Wilson Management Inc., the managing entity behind Emerald Apartment Group, will retain and manage the properties.

20. 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.

21. Staples to Build First Memphis Location -

The world’s largest office products company will soon enter the Memphis market.

Framingham, Mass.-based Staples Inc. has signed a 17,945-square-foot lease at Ridgeway Trace, the shopping center at Poplar Avenue and Interstate 240 developed by Houston-based Weingarten Realty Investors.

22. 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.

23. 2011 CRE Outlook Cautiously Optimistic -

Optimism is in the eye of the beholder in the commercial real estate industry. In a city plagued with high vacancies and scarce speculative development, investors have Memphis on its radar – and Memphis should too.

24. Inaugural Seminar to Focus on CRE Issues -

Despite commercial real estate’s doldrums, local brokers are seeing signs of resurgence.

Commercial real estate investments – such as malls, office buildings and industrial properties – reached $316 billion nationwide in 2010, according to Thomas Reuters. That represented a 50 percent jump from an eight-year low in 2009 of $209 billion.

25. Retail Rebound? -

Retail sales are looking bright this year, a sign that the pendulum of consumer confidence is swinging back in the right direction.

Holiday sales are anticipated to increase a modest 3.3 percent this year – adjusted from 2.3 percent in November – according to the National Retail Federation (NRF). This year’s uptick follows 2008’s 3.9 percent decline and also tops the 10-year average holiday sales increase of 2.5 percent.

26. ULI: Recovery to Begin in 2011 -

The real estate market is projected to turn around next year, but the industry will have to settle for baby steps in all markets and property sectors.

That was the message more than 250 bankers, investors and real estate professionals heard Wednesday at the Urban Land Institute’s fourth annual Real Estate Outlook for the Mid-South where they learned about the “era of less.”

27. ULI Conference to Tackle Emerging Trends -

As real estate professionals gather this week to take a look at the latest numbers and trends, they will also get a broader economic view of the recession’s effect on the industry.

They will get a glimpse into the current market Wednesday when the Urban Land Institute (ULI) District Council Memphis holds its annual Real Estate Outlook for the Mid-South.

28. Church Says ‘No’ to CVS -

Berclair Baptist Church on Wednesday night voted against selling its building to CVS Corp., but the retail pharmacy’s efforts to take over another corner church at a busy intersection in Memphis is further proof of an ongoing commercial development trend.

29. Church Says ‘No’ to CVS -

Berclair Baptist Church on Wednesday night voted against selling its building to CVS Corp., but the retail pharmacy’s efforts to take over another corner church at a busy intersection in Memphis is further proof of an ongoing commercial development trend.

30. 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.

31. A Sense of Place -

June West was born with a proverbial thick skin. She said her parents blessed her with an uncanny ability to take criticism in stride, an important trait for anyone who faces the verbal abuse that West routinely absorbs as executive director of the nonprofit Memphis Heritage Inc.

32. Jim’s Place East Finds New Home on Perkins -

Jim’s Place East – a Memphis tradition since its founding nearly 90 years ago – is opening a location at Poplar Avenue and Perkins Road, having signed a 10-year lease for the 5,900-square-foot space that recently housed Harold’s women’s boutique.

33. Jim's Place East to Relocate to Poplar/Perkins -

Jim’s Place East – a Memphis tradition since its founding nearly 90 years ago – is opening a location at Poplar Avenue and Perkins Road, having signed a 10-year lease for the 5,900-square-foot space that recently housed Harold’s women’s boutique.

34. Stokes Finds Success In Commercial Real Estate -

Commercial real estate is generally considered a man’s world, but CB Richard Ellis’ Leah Fyfe Stokes is undaunted.

35. CVS Inks Deal for Former MAHBA HQ -

CVS has chosen a busy stretch of Germantown Parkway in Cordova for its next area pharmacy.

The company’s regional developer, Redd Realty Services Inc., has inked a deal with Gill Properties to build a retail store on the site of the former Memphis Area Home Builders Association headquarters at 776 N. Germantown Parkway.

36. Raleigh-Bartlett Strip Center Fills Back Up -

ORIX Capital Markets, a Dallas-based company operating as the special servicer for a North Memphis retail center, is working to quickly turn around a property once headed for foreclosure.

Village on the Pike at 2974 Covington Pike between Raleigh and Bartlett already is on the upswing thanks to a new owner in ORIX and new leasing and management agent in CB Richard Ellis Memphis.

37. Dollar Signs Follow Dollar Stores -

Perhaps the most telling CRE trend that has emerged of late was underscored by Scott Barton of CB Richard Ellis-Memphis at last month’s Commercial Property Forecast Summit.

38. 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.

39. Home Builders HQ Could Become Retail Outlet -

The Memphis Area Home Builders Association is in the market for a new home, and its soon-to-be former digs appear headed for redevelopment.

In a deal that closed Dec. 18, the longtime homebuilding trade association sold its headquarters at 776 Germantown Road for $2.7 million to Ray Gill of Gill Properties Inc. Gill was attracted to the property because of its large footprint – a 3.6-acre parcel on the east side of Germantown – and because of its placement near the Trinity Commons shopping center along a busy corridor with high traffic.

40. CBRE Report Shows Pockets of Hope in Retail Sector -

The local retail market hasn’t been immune to the sluggish economy, but Memphis saw a couple of bright spots during the third quarter (July through October), according to the latest data from CB Richard Ellis.

41. CVS Ventures Into Local, Walgreens-Dominated Market -

CVS is already bringing one pharmacy to U.S. 64 and Houston Levee Road in Cordova, and the company last week secured the land where it will build its second Memphis store.

Woonsocket, R.I.-based CVS, the retail division of CVS Caremark, paid $1.4 million for the 7,344-square-foot retail store at 5055 Stage Road, on the southwest corner of Stage and Covington Pike in Raleigh. The building, which formerly housed a Hollywood Video store, sits on 1.1 acres near the Memphis-Bartlett border.

42. Saddle Creek Lands High-End Women’s Clothing Store -

Anthropologie, a high-end retailer of apparel and other items, is coming to The Shops of Saddle Creek in Germantown.

Though a lease hadn’t been inked by press time Monday, the company will soon begin tenant improvements for the bays that housed the former Yia Yia’s Euro Café and Divine Rags on the southwest end of Saddle Creek North.

43. 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.

44. Loan Filed for Phase Two Of Centennial Gardens Apartments -

7751 Centennial Drive
Memphis, TN 38125
Loan Amount: $11.5 Million

Loan Date: Jan. 15, 2009
Maturity Date: Jan. 15, 2013
Borrower: Lightman Centennial Gardens Co.
Lender: SunTrust Bank

45. 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.

46. 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.

47. 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.

48. 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

49. Malled by the Competition -

Editor's note: This is the third in The Daily News' five-part Retail Reinvented series about the past - and future - of the local shopping landscape.

Pat Jacobs knows a thing or two about Memphis malls. He served as general manager of Southland Mall for 18 years before taking the same job at Hickory Ridge Mall in 2003.

50. Lot of Potential -

Editor's note: This is the first in The Daily News' five-part Retail Reinvented series about the past - and future - of the local shopping landscape.

The former site of the iconic Mall of Memphis now lays open and empty, thanks to a demolition more than two years ago of the 1.2 million-square-foot retail center. But that might change within the next year or so as the mall site could begin to resemble the thriving retail center it once was.

51. Dick's Sporting Goods to Enter Memphis Market -      Fitness buffs and athletes in the Bluff City soon will have a new resource from which to buy their wares. Investors are working to close a deal that could bring Dick’s Sporting Goods to the Memphis market.
 &nb

52. Wal-Mart Gains More Ground In Greater Memphis -

In Memphis, answers to the question "What hath Wal-Mart wrought?" are about as numerous as the amount of shelves the world's largest retailer keeps stocked with its famously deep-discounted merchandise.

53. Wolfchase Neighbor Up for Grabs? Shopping Center across from mall scoped by NY real estate trust -

Judging by the interest of a New York-based real estate investment trust, ownership of one of the most expensive pieces of property in Shelby County soon could be changing hands.

New Plan Excel Realty Trust is in the early stages of acquiring The Commons, a 33-acre shopping center across from Wolfchase Galleria that includes such tenants as Old Navy, Home Depot and Toys 'R' Us.

54. Area Retail Market Sees Momentary Slowdown -

Not since the first quarter of 2004 has the Memphis retail real estate market shown such unimpressive numbers - vacancies are up while lease rates, construction and quarterly absorption are down from last year.

55. Commercial Sales Maintain Steady Pace -

International Paper's recent decision to relocate its global headquarters to Memphis could be viewed as an overall reflection of the city's commercial real estate sector. Memphis is experiencing a steady level of commercial investment activity, led by a surge in retail transactions.

56. Large-Scale Developments Help Draw New Retailers -

Having a metro population that ranked 44th in the 2000 U.S. Census can be challenging when it comes to attracting new retailers, but several new developments opening in the Memphis area are broadening its retail landscape.

57. Archived Article: Lead - Changing Market Concerns Some Commercial Investors

Commercial Sales Feel Economic Impact

Interest rates, cap rates fueling real estate activity

LANCE ALLAN

The Daily News

With interest rates holding steady, commercial real estate acti...

58. Archived Article: Lead - New Shopping Centers Create Stronger Competition

Existing Retailers Brace for Competition

New malls will mean three super-regional retail hubs

LANCE ALLAN

The Daily News

With three large-scale, open-air shopping malls in the works two...

59. Archived Article: Lead - Businesses Deal with Property Reappraisals

Business Owners Brace for Reappraisal

Higher appraisals mean higher taxes for commercial tenants

LANCE ALLAN

The Daily News

Among the estimated 300,000 parcels of property examined for the up...

60. Archived Article: Lead - Outlook Positive for Commercial Market

Outlook Positive for Commercial Market

Retail growth spurs real estate market heading into 2005

LANCE ALLAN

The Daily News

Following several years of post-9/11 uncertainty, the commercial real es...

61. Archived Article: Real - Commercial Realtors Depending on Internet

Internet Makes Impact on Commercial Sales

LANCE ALLAN

The Daily News

The day real estate professionals arent needed to help buyers and sellers complete real estate transactions will probably neve...

62. Archived Article: Lead - Retailers Moving to Whitehaven

Large-Scale Retail Heads for Whitehaven

Wal-Mart spawns further development in underserved area

LANCE ALLAN

The Daily News

When Wal-Mart Supercenter opens its doors in Whitehaven next year, it will mark ...

63. Archived Article: Real - Major Outdoor Retailer Coming to Hacks Cross Area

Winchester Corridor Continues to Expand

LANCE ALLAN

The Daily News

A national outdoors retailer is preparing to enter the Memphis market, choosing a thriving stretch of Winchester Road fo...

64. Archived Article: Special Report (lead) - Commercial data

Investors Heat Up Commercial Market

Land, multifamily and office sales improve in first-half 2004

LANCE ALLAN

The Daily News

Real estate is moving in Metro Memphis, at least if the number of commercial transactions ove...

65. Archived Article: Discount Club (lead) - Hickory Hill Gains New Retailer

Discount Retailer Debuts in Hickory Hill

World Discount Club owners plan to expand nationwide

LANCE ALLAN

The Daily News

After years marked by vacancies, the Hickory Ridge Commons shopping center is mak...

66. Archived Article: Malls (lead) - Mall lead

Memphis Market Embraces Retail Trend

Open-air shopping centers usher in new era for retailers

LANCE ALLAN

The Daily News

From locations to construction styles, shopping center trends are always changing. But one issue remain...

67. Archived Article: Downtown (lead) - Downtown Growth

Downtown Readies for Business Growth

More amenities, businesses move in as population rises

LANCE ALLAN

The Daily News

Many factors have led to the rebirth of Downtown Memphis, from development of Peabody Place, AutoZo...

68. Archived Article: Annex (lead) - Annexation Affects More Than Residents

Rising Taxes Hit Commercial Properties

Landlords adjust to annexation-driven tax increases

LANCE ALLAN

The Daily News

When an unincorporated area of Shelby County is annexed by the city of Memphi...

69. Archived Article: Hh Retail (lead) - Hickory Hill

As Hickory Hill Evolves, Retailers Adapt

Stores shift focus to local, not regional, shoppers

LANCE ALLAN

The Daily News

It wasnt so long ago that Metro Memphis had two major retail centers, each anchored by a sparkling ne...

70. Archived Article: Desoto (lead) - DeSoto retail

DeSoto County to Become Retail Hub

Developers cash in on areas residential, economic growth

LANCE ALLAN

The Daily News

DeSoto County has made a name for itself in recent years as a distribution hub, with companies increa...

71. Archived Article: Real Focus - Real

Winchester: Not Another Germantown Parkway

LANCE ALLAN

The Daily News

Germantown Parkway, once a road without any reason for stoplights, now has too many to count, due in large part to commercial development that has taken place in ...

72. Archived Article: Coll Retail (lead) - Lead

Collierville Experiences Retail Boom

Open-air mall brings new development south of Poplar

LANCE ALLAN

The Daily News

When Cousins Properties Inc. and Jim Wilson & Associates Inc. purchased 135 acres of land for the much-talke...

73. Archived Article: Real Focus - Real

Office, Retail Markets Follow Residential Growth

LANCE ALLAN

The Daily News

East is the place to be, at least as far as Metro Memphis retail and office real estate is concerned.

The suburban submarkets reflected the highest occup...

74. Archived Article: Real Focus - Real

Winchester Development Not Slowing Down

LANCE ALLAN

The Daily News

Once an area with an insurance agency here, a doctors office there and a few neighborhoods scattered around, Winchester Road in southeastern Shelby County is nothing...

75. Archived Article: Real Focus - Real

Mall Closure Changes Face of Retail Area

LANCE ALLAN

The Daily News

When the Mall of Memphis closes its doors Wednesday, it will mark the end of an era for the shopping centers Southeast Memphis home. Once the retail mecca of Metro ...

76. Archived Article: Apple (lead) - Terry Ramsey, Vice President of RidAll Pest Control

Apple Tree Center Sees Renewed Interest

Developers hope improvements will drive retail growth

ANDREW BELL

The Daily News

Exterior changes and other improvements are under way at a So...

77. Archived Article: Retail (lead) - New neighborhood shopping centers keep busy pace

Neighborhood centers keep retail market busy

By ANDREW BELL

The Daily News

The retail real estate market continued to thrive in the second quarter, in part due to a surge in construction o...

78. Archived Article: Real Briefs - The Memphis Certified Commercial Investment Member

The Memphis Certified Commercial Investment Member monthly luncheon is 11:45 a.m. today at the former Disney Store in Hickory Ridge Mall, 6075 Winchester Road. The luncheon focus is Retail Market...