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Editorial Results (free)

1. City Council May Vote To Phase In MLGW Rate Hikes -

Memphis City Council members vote Tuesday, Dec. 19, on a set of water, gas and electric rate hikes recommended by Memphis Light, Gas and Water Division to take effect next month.

A council committee is recommending the electric and gas-rate increases be phased in over several years.

2. Whitehaven Unveils New Development Direction -

It’s been 10 months since Rev. Earle Fisher was among the individuals turned away from Graceland’s annual candlelight vigil by Memphis police in a reaction to possible protests at the event.

3. Whitehaven Leaders Unveil New Economic Development Group -

It’s been 10 months since Rev. Earle Fisher was among those turned away from Graceland’s annual candlelight vigil by Memphis Police in a reaction to possible protests at the vigil commemorating the anniversary of Elvis Presley’s death.

4. $12 Million Permit Filed For Hickman Building -

240 Madison Ave.
Memphis, TN 38103

Permit Amount: $12 million

Project Cost: $16 million

Application Date: February 2016

5. Building Permit Application Filed for Tri-State Bank Headquarters -

A $140,000 building permit application that lists “Tri-State Bank headquarters” as the tenant has been filed with the city-county Office of Construction Code Enforcement.

6. Olymbec Buys Midtown Office Building for $10.2M -

Canada-based Olymbec has purchased a Midtown office building for $10.2 million.

G&I Mid Memphis Tower LLC sold the property to Olymbec USA LLC in an Oct. 5 warranty deed.

7. Olymbec Makes Midtown Office Purchase -

Canada-based Olymbec has purchased a Midtown office building for $10.2 million.

G&I Mid Memphis Tower LLC sold the property to Olymbec USA LLC in an Oct. 5 warranty deed.

8. Varsity Brands Warehouse Sells for $9.5 Million -

3131 Appling Road
Bartlett, TN 38133

Sale Amount: $9.5 million

Sale Date: Aug. 4, 2016

Buyer: Appling Road Memphis LLC

9. Olymbec Buys Southeast Warehouse -

Olymbec USA has purchased a southeast Memphis office building from Memphis Investments LLC for $1.3 million.

10. More Student Housing For University District -

3557 Mynders Ave. 
Memphis, TN 38111
Permit Amount: $15.5 million

Completion: Fall 2017
Owner: 908 Group
Tenant: The Nine
Architect: BDG Architects
Details: A student housing tower near the University of Memphis has taken a step forward nearly two years after a development on that site was first announced.

11. Olymbec Purchases TBC Warehouse -

Montreal, Canada-based Olymbec USA has purchased a Hickory Hill warehouse currently occupied by Tire & Battery Corp.

12. Olymbec Compiling Airport-Area Office Park -

Olymbec USA LLC is gaining critical mass near Memphis International Airport with the planned purchase of a 133,600-square-foot office building at 2600 Nonconnah Blvd.

13. Crestview Collection Makes New HQ in Oakhaven -

4300 Concorde Road
Memphis, TN 38118

Sale Amount: $6.9 million

Sale Date: Dec. 15

Buyer: CLI Inc.

Seller: Lester McMahan Partnership

Loan Amount: $6 million

14. Federal Agency Moving to Brinkley Plaza -

A federal agency is moving to the Brinkley Plaza office building Downtown in the first quarter of 2016.

The Memphis field office of the United States Citizenship and Immigration Services will be taking up the seventh floor in the Downtown Class B building.

15. St. Jude Files $10 Million Construction Permit -

650 St. Jude Place
Memphis, TN 38105

Permit Amount: $10 million

Application Date: Nov. 24, 2015

Owner: St. Jude Children’s Research Hospital

Tenant: St. Jude Children’s Research Hospital

16. Olymbec Buys Office Building for $2.8M -

Olymbec USA LLC has purchased a six-story office building in the South Memphis/Alcy Road area for $2.8 million, according to a Friday, Nov. 20, warranty deed.

17. Olymbec Buys Office Building for $2.8M -

Olymbec USA LLC has purchased a six-story office building in the South Memphis/Alcy Road area for $2.8 million, according to a Friday, Nov. 20, warranty deed.

18. Trinity Ridge Business Center Sells for $16M -

7730, 7740, 7750, 7760, 7866 Trinity Road
Cordova, TN 38018
Sale Amount: $16 million

19. Boyle Sells Winchester Distribution Center -

Delaware-based Olymbec USA LLC is the new owner of the Winchester Distribution Center at 444 Winchester Road.

20. Boyle Sells Winchester Distribution Center -

Delaware-based Olymbec USA LLC is the new owner of the Winchester Distribution Center at 444 Winchester Road.

21. Memphis Industrial Market Rebounds in 2014 -

The upswing in the industrial real estate sector that started in 2012 and gained momentum in 2013 continued in 2014 and the Memphis market, fueled by several large transactions late in the year, should top 2013's level of around 3.2 million square feet of absorption.

22. CWCapital Sheds Willow Lake Buildings -

3900, 4100 Willow Lake Blvd.
Memphis, TN 38118
Sale Amount: $1.9 million

23. Willow Lake Sales Positive News For The Market -

The sale this week of five properties inside Willow Lake Business Park and Corporate Park for $4.2 million was welcome news for several reasons.

For one, true owners tend to take much better care of properties and market them more aggressively than special servicers like Bethesda, Md.-based CWCapital Asset Management.

24. ‘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.

25. 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.

26. 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.

27. Restivo Group Moves to New Midtown Digs -

The Restivo Group Realtors has expanded into new offices at 1861 Madison Ave. in the landmark Gilmore Building.

28. FedExForum Area Targeted for Apartments -

Nashville-based Elmington Capital Partners apparently likes the apartment market in Downtown Memphis.

An Elmington-affiliated company plans on building a 64-unit apartment complex at 362 S. Second St., south of FedExForum.

29. BizChair Leases Olive Branch Distribution Space -

BizChair.com, an Internet retailer that specializes in selling chairs and furniture for offices, schools, restaurants, medical facilities, and homes, has inked a lease for around 382,500 square feet at 8631 Polk Lane, inside Olive Branch Distribution Center in Olive Branch, Miss.

30. 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.

31. 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.

32. East Memphis Retail Center Sees Positive Lease Activity -

The Shops at Chickasaw Gardens, on Polar Avenue near the Benjamin L. Hooks Central Library, has seen good leasing activity recently.

Shark’s Fish and Chicken, an Arkansas-based restaurant chain, signed a lease for 2,330 square feet at 3183 Poplar Ave., taking the former Back Yard Burgers space. David’s Frames & Art renewed its lease for 3,080 square feet at 3151 Poplar Ave. Create A Cig, an electronic cigarette shop, will open soon at 3175 Poplar Ave.

33. Olymbec Files $5.5 Million Mortgage on Brinkley Plaza -

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, has filed a $5.45 million mortgage on Brinkley Plaza in Downtown Memphis.

34. Olymbec Files $5.5 Million Mortgage on Brinkley Plaza -

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, has filed a $5.45 million mortgage on Brinkley Plaza in Downtown Memphis.

35. 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.

36. 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.

37. 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.

38. Children’s Heart Foundation Given $15,000 for Relocation -

The International Children’s Heart Foundation was awarded a $15,000 commercial office grant Wednesday, Nov. 14, by the Center City Development Corp. to move its offices from 1750 Madison Ave., suite 500, to Downtown’s Brinkley Plaza, 80 Monroe Ave., suite G-1.

39. Center City Revenue Finance Corp. Passes Financing for Downtown Buildings -

The Downtown Memphis Commission’s Center City Revenue Finance Corp. passed several housekeeping items at its Tuesday, Nov. 13, board meeting, including assigning a payment-in-lieu-of-taxes (PILOT) lease agreement to Montreal-based Olymbec USA LLC for Brinkley Plaza, 80 Monroe Ave.

40. Center City Revenue Finance Corp. to Consider Brinkley Plaza Tax Break -

The Downtown Memphis Commission’s Center City Revenue Finance Corp. (CCRFC) has a full agenda for its Tuesday, Nov. 13, board meeting, with leasing and financing requests for Brinkley Plaza, Toyota Plaza and the Peabody Hotel Tract.

41. Brinkley Plaza Sells to Olymbec for $7.2 Million -

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.

42. Brinkley Plaza Sells to Olymbec for $7.2M -

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.

43. Firms Make Investments in Memphis Distribution -

In the past month, a pair of out-of-town firms have scooped up local distribution warehouses, growing its Memphis industrial real estate portfolio and planning for more.

Montreal-based Olymbec USA LLC recently closed on its $1.5 million purchase of 3615 Lamar Ave. from an entity affiliated with Miami-based loan servicer LNR Partners LLC.

44. Canadian Company Adds To Memphis Portfolio -

A Canadian real estate investment group has purchased a 157,000-square-foot industrial warehouse in South Memphis for $1.5 million, marking the firm’s second Memphis acquisition in 18 months.

Montreal-based Olymbec USA LLC bought the Class C facility at 3615 Lamar Ave. from FUCMS 2001-C2 Lamar Industrial LLC, an entity affiliated with Miami-based loan servicer LNR Partners LLC.

45. Canadian Firm Acquires South Memphis Warehouse for $1.5M -

A Canadian real estate investment group has purchased a 157,000-square-foot industrial warehouse in South Memphis for $1.5 million, marking the firm’s second Memphis acquisition in 18 months.