Editorial Results (free)
1.
Why Local One Commerce Square Owners Are Selling to Out-of-State Investors -
Wednesday, August 15, 2018
After successfully renovating the 29-story iBank Tower in Downtown Memphis, the work is done for a group of prominent Memphis investors as they prepare to sell the office building to a new owner with deeper pockets.
2.
Police HQ No Longer in Running for Second Convention Center Hotel -
Tuesday, August 7, 2018
The Civic Center Plaza building that is currently Memphis Police Department headquarters is out of the running to be the site of a second convention center hotel.
“That site was contemplated in the beginning. It’s no longer in the running,” Downtown Memphis Commission president Jennifer Oswalt said of 170 N. Main St. on the WKNO/Channel 10 program “Behind The Headlines.”
3.
Taking Flight -
Saturday, June 30, 2018
In the past 20 years, there has been little to no new multifamily housing growth in Memphis outside of Downtown and Midtown.
So around this time last year, the Economic Development Growth Engine for Memphis and Shelby County, at the behest of both mayors, introduced a tax incentive designed to encourage a new wave of multifamily development with the hopes of growing Memphis’ stagnant population.
4.
Midtown Getting Denser, North Main Getting New Coffee Shop -
Monday, June 25, 2018
2542 Broad Ave.
Memphis, TN 38112
PILOT Length: 15 years
Project Cost: $51 million
5.
Binghampton Apartments, Parkside TIF Get EDGE Greenlight -
Thursday, June 21, 2018
Several hundred new apartments, a South Memphis grocery store and a new TIF district were all given the green light by the Economic Development Growth Engine for Memphis and Shelby County during a busy Wednesday, June 20, board meeting.
6.
Bitcoin Fans Rave, But Understand It’s Still a Risky Business -
Monday, May 28, 2018
By now, anyone who follows Wall Street even slightly has heard of cryptocurrency and its most famous spawn – bitcoin, which launched in 2009 but grabbed headlines last year for its wild swings in valuation.
7.
CRE Owners Look To Reap Rewards Of New Tax Cuts -
Saturday, February 24, 2018
The start of the year enjoyed a flurry of commercial real estate sales and building permits, on the heels of federal tax cuts passed late last year that are expected to benefit CRE owners and possibly impact the number of new projects and sales announced this year.
8.
Hickory Hill Home Depot Site Sells for $15 Million -
Thursday, March 16, 2017
3469 Riverdale Road
Memphis, TN 38115
Sale Amount: $15.7 million
Sale Date: March 3, 2017
Buyer: Spirit Realty Capital
9.
Cordova Bed, Bath & Beyond Property Sells for $5 Million -
Wednesday, March 15, 2017
A Michigan-based real estate investment trust has purchased Bed, Bath & Beyond’s Germantown Parkway site for $5 million.
Agree Realty Corp., acting as Agree 1031 LLC, bought the Cordova property from Kimco Income REIT, doing business as KIR Memphis BBB, according to a March 9 warranty deed.
10.
Tapping Young Donors -
Saturday, March 11, 2017
Amelia Thompson is everything a nonprofit is looking for now and in the future. A 30-year-old Memphian who graduated White Station High School, she has worked with a nonprofit in Washington, D.C. and been a buyer for Macy’s in New York.
11.
Education Realty Trust Reports Q4 Results -
Wednesday, February 22, 2017
MEMPHIS, Tenn. (AP) – Education Realty Trust Inc. on Tuesday reported a key measure of profitability in its fourth quarter. The results surpassed Wall Street expectations.
12.
Finances Will Be in Focus at City Council -
Tuesday, March 15, 2016
The list of financial surprises that Memphis Mayor Jim Strickland presented to Memphis City Council members two weeks ago tops council discussions Tuesday, March 15.
13.
Last Word: Election Day, Luttrell Makes It Six, And About "Executive Sessions" -
Tuesday, March 1, 2016
Can You Feel It? Tuesday is election day in Memphis and across the state in this presidential election year. And all indications are the turnout locally should be above the 24 percent mark we’ve been at in the last two presidential election years.
14.
Numbers Show Memphis’ Commercial Real Estate Market Stable in 2015 -
Saturday, February 27, 2016
Across all sectors, the Memphis market was stable in 2015.
That’s according to the latest data from Integra Realty Resources, a national appraisal and advisory firm. At its annual Viewpoint local market presentation Wednesday, Feb. 24, local Integra leaders spoke on the industrial sector’s banner year, multifamily’s expansion cycle, what’s next for an office market without any remaining Class A space, and growth in the retail sector.
15.
Four Memphis Taco Bell Properties Sell for $7.2M -
Saturday, January 9, 2016
A Memphis-based owner of fast food properties has sold of a hefty part of its portfolio to California-based Realty Income Properties 22 LLC in four separate transactions totaling $7.2 million.
RGT Foods Inc. sold the Taco Bell property at 1447 Union Ave. to Realty Income Properties 22 for $1.5 million, while the location at 7964 Winchester Road sold for $2 million.
16.
Four Memphis Taco Bell Properties Sell for $7.2M -
Monday, January 4, 2016
A Memphis-based owner of fast food properties has sold of a hefty part of its portfolio to California-based Realty Income Properties 22 LLC in four separate transactions totaling $7.2 million.
RGT Foods Inc. sold the Taco Bell property at 1447 Union Ave. to Realty Income Properties 22 for $1.5 million, while the location at 7964 Winchester Road sold for $2 million.
17.
Makowsky Ringel Greenberg Buys 8 Acres Near Broad Avenue -
Wednesday, December 2, 2015
The bids have been opened. Memphis-based multifamily housing manager and developer Makowsky Ringel Greenberg won the eight acres of vacant Sam Cooper right-of-way announced for sale early last month.
18.
Inspector Anxiety Bites Both Buyers and Sellers -
Saturday, June 6, 2015
Almost all home sales stipulate that a home inspector will evaluate the condition of the house. The person who coined the “fine-toothed comb” phrase may well have had visions of these detectives crawling into places fit neither for man nor beast and ascending high into the heavens shingle by shingle.
19.
Making the Connection -
Saturday, June 6, 2015
Archie Willis III had just earned his master’s degree in business at the University of North Carolina at Chapel Hill when he returned to Memphis in 1981 to help his father, A.W. Willis Jr., redevelop the Adler Hotel Annex.
20.
Snapshot: Memphis-Based Public Companies -
Saturday, May 30, 2015
Here's a look at what's going on at the dozen public companies headquartered in Memphis:
AutoZone Inc.
AutoZone Inc. is one of the largest auto parts retailers and distributors in the U.S., with a store count of 5,476 as of Feb. 14. Since 1998, the company has repurchased $15.7 billion worth of its own shares. At the end of March, AutoZone continued its share buyback program with the authorization to buy back another $750 million in company stock. The company followed that news with plans to pursue a $650 million debt offering to be used for “general corporate purposes.” – Andy Meek
21.
Condo Dwellers Loving Restaurant Choices -
Saturday, May 2, 2015
It’s Saturday afternoon, and the Bakersfield taco bar, located at the bottom of the Encore condominium building downtown, has drawn a lively crowd.
With the country music cranked and servers delivering platters of four-inch tacos displayed on trays like pizzas, guests of all types look to be on vacation.
22.
US Home Sales Bounced Back in March, But Can the Gain Last? -
Thursday, April 23, 2015
WASHINGTON (AP) – U.S. home sales bloomed in March after a brutal winter, a sign of possible newfound momentum for housing.
Sales of existing homes jumped 6.1 percent last month to a seasonally adjusted annual rate of 5.19 million, the National Association of Realtors said Wednesday. The gains were solid enough to suggest that housing might be returning to stable footing after enduring a boom, a bust and a stubbornly tepid recovery over the past dozen years.
23.
Holding On -
Saturday, March 14, 2015
The national outlook for traditional enclosed malls is bleak. No new enclosed mall has been built in the U.S. since 2006. More than 24 have closed since 2010, and an additional 60 are teetering on the edge, according to data from Green Street Advisors. Around 15 percent of malls nationwide are expected to close in the next decade.
24.
Stonebridge Crossing Sells for $34.7 Million -
Monday, January 19, 2015
9300 U.S. 64
Lakeland, TN 38002
Sale Amount: $34.7 million
Sale Date: Jan. 5, 2015
Buyer: Lakeland Apartments TN Associates LLC
Seller: MRB Stonebridge LP
Loan Amount: $27.7 million
Loan Date: Dec. 15, 2014
Maturity Date: Feb. 1, 2025
Lender: Walker & Dunlop LLC
Details: An affiliate of a New York-based real estate investment firm has bought the Stonebridge Crossing Apartments in Lakeland for $34.7 million.
25.
Bartlett Walgreens Sells for $4.8 Million -
Wednesday, January 14, 2015
An affiliate of a California-based real estate investment firm has acquired a Walgreens site in Bartlett for $4.8 million.
Realty Income Properties 5 LLC, an affiliate of California-based Realty Income Corp., bought the Walgreens store at 8097 U.S. 70 in Bartlett from Cole WG Bartlett TN DST, according to a Jan. 5 warranty deed. Realty Income Corp. acquires and manages freestanding, single-tenant properties leased to retail chains.
26.
The Preserve at Southwind Sells for $28 Million -
Tuesday, January 6, 2015
7991 Capilano Drive
Memphis, TN 38125
Sale Amount: $28 million
Sale Date: Dec. 22, 2014
Buyer: Southwind Apartments LP
Seller: G&I VII Preserve at Southwind Apartments LP
Loan Amount: $18 million
Loan Date: Dec. 18, 2014
Maturity Date: Oct. 31, 2020
Lender: Jackson National Life Insurance Co.
Details: A team that includes Memphis-based Foegelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.
27.
Anixter Moving Memphis Distribution Operations -
Friday, December 5, 2014
A leading supplier of communications and security products, electrical and electronic wire and cable, fasteners and other small components is relocating to a new Memphis distribution center.
Anixter International Inc., which is based in the Chicago area, has leased 100,000 square feet at 4001 Hickory Hill Road inside Memphis Distribution Center. Anixter will be relocating from 4580 S. Mendenhall Road, where DDN is expanding.
28.
Enjoy Low Interest Rates While They Last -
Saturday, November 15, 2014
In what has become expected in this post-Recession boom, home sales continue to set records each month with no end in sight, based on October sales figures from the Greater Nashville Association of Realtors.
29.
Not Closing on Time? Little Issues Can Lead to Big Snags -
Saturday, November 1, 2014
Here is a scary Halloween tale: Many real estate transactions do not close on the actual date specified by the legally binding contract.
This is not a recent phenomenon and has occurred since the time buyers required funding by third parties to purchase homes.
30.
Hot Yoga Plus Expands in Memphis -
Friday, August 29, 2014
Hot Yoga Plus, a Nashville-based yoga concept, is opening a second Memphis area location.
Hot Yoga Plus, founded by Memphian Susannah Herring, has signed a 2,015-square-foot lease at 9037 Poplar Ave. in Germantown. The new store is expected to open this fall and follows the original Memphis location in Laurelwood.
31.
Hot Yoga Plus Expands in Memphis -
Friday, August 29, 2014
Hot Yoga Plus, a Nashville-based Yoga concept, is opening a second Memphis area location.
Hot Yoga Plus, founded by Memphian Susannah Herring, has signed a 2,015-square-foot lease at 9037 Poplar Ave. in Germantown. The new store is expected to open this fall and follows the original Memphis location in Laurelwood.
32.
Many Seek New Homes Near Cities But are Priced Out -
Thursday, June 12, 2014
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.
33.
Darden to Sell Red Lobster, Hold Onto Olive Garden -
Monday, May 19, 2014
NEW YORK (AP) – Darden is setting Red Lobster adrift, but betting that it can still turn around Olive Garden's fortunes.
The company, which is based in Orlando, Florida, said Friday that it would sell its seafood chain and the accompanying real estate to investment firm Golden Gate Capital in a $2.1 billion cash deal. The announcement came despite objections from some shareholders to the plan to separate Red Lobster, which was announced late last year.
34.
Former Motel 6 Sells for $1.4 Million -
Tuesday, January 28, 2014
1321 Sycamore View Road
Memphis, TN 38134
Sale Amount: $1.4 million
Sale Date: Jan. 13, 2014
Buyer: P & S Hospitality LLC
Seller: G6 Hospitality Property LLC
Loan Amount: $1.1 million
Loan Date: Jan. 14, 2014
Maturity Date: N/A
Lender: Argent Bank
Details: The former Motel 6 at 1321 Sycamore View Road in Northeast Memphis has traded hands for $1.4 million.
35.
Developers Show Interest in Germantown’s Arthur Property -
Tuesday, January 28, 2014
A 33-acre site near Saddle Creek in Germantown is seeing increased interest from developers and could change hands as early as this year, according to a real estate agent marketing the property.
Murray Foster, a broker with Taliesyn Realty, said interest in the property owned by the heirs of Boyd Arthur Sr. picked up last year and remains strong in 2014.
36.
Frayser Walgreens Sells for $2.2 Million -
Wednesday, January 22, 2014
The 17,062-square-foot Walgreens at 3360 Frayser Blvd. (alternatively 3360 N. Watkins St.) in Frayser has sold for $2.2 million.
37.
Apartment, Retail Markets Holding Steady -
Friday, November 1, 2013
The Memphis area multifamily and retail markets continue to chug along, with the newer, more upscale products in each sector propping up both overall markets.
Those trends and others in commercial real estate will be the subject of discussion Thursday, Nov. 7, during the 2013 Commercial Real Estate Review & Forecast, one of six seminars in The Daily News’ 2013 Seminar Series.
38.
Whole Foods Eyes Germantown Site -
Thursday, October 24, 2013
Whole Foods Market and local development firm Cypress Realty Holdings Co. are targeting the Poplar Avenue corridor in Germantown for the Memphis area’s second Whole Foods store.
39.
Shelby County Home Sales Climb 12 Percent in Quarter -
Monday, October 14, 2013
Shelby County’s housing market continued to show signs of improvement in the third quarter, posting double-digit increases in several key areas over the same period last year.
The county netted 4,686 home sales in the third quarter, a 12 percent increase from 4,176 in the third quarter of 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
40.
Raleigh Sam’s Club Sells for $11.4 Million -
Tuesday, July 30, 2013
2150 Covington Pike
Memphis, TN 38128
Sale Amount: $11.4 million
Sale Date: June 25, 2013
Buyer: Realty Income Properties 25 LLC
Seller: Dune SC Sub II LLC
Details: The Sam’s Club at 2150 Covington Pike in Raleigh has sold for $11.4 million to a California investor.
41.
Raleigh Sam’s Club Sells for $11.4 Million -
Friday, July 26, 2013
The Sam’s Club at 2150 Covington Pike in Raleigh has sold for $11.4 million to a California investor.
42.
Cresthaven Medical Building Sells for $2.5 Million -
Tuesday, May 21, 2013
1068 Cresthaven Road Memphis, TN 38119
Sale Amount: $2.5 million
Sale Date: May 2, 2013
43.
Cresthaven Building Sells for $2.5 Million -
Wednesday, May 15, 2013
The 125,160-square-foot Cresthaven Medical Building at 1068 Cresthaven Road in East Memphis has sold for $2.5 million.
44.
FedEx Headquarters Building Sells for $22.6 Million -
Tuesday, March 12, 2013
942 S. Shady Grove Road Memphis, TN 38119
Sale Amount: $22.6 million
Sale Date: Feb. 21, 2013
45.
FedEx Headquarters Building Sells for $22.6 Million -
Wednesday, March 6, 2013
The building that houses the corporate headquarters of FedEx Corp. at 942 S. Shady Grove Road in East Memphis has sold for $22.6 million.
46.
Hollywood Feed Expands, Renews Local Leases -
Friday, March 1, 2013
Hollywood Feed has renewed and expanded two of its Memphis locations.
The Memphis-based natural and holistic pet food merchant is growing its 2648 Broad Ave. warehouse from 44,400 square feet to 77,763 square feet.
47.
Realty Income Corp. Buys Herbalife Facility -
Tuesday, January 15, 2013
5025 Crumpler Road Memphis, TN 38141
Sale Amount: $16.6 million
48.
Realty Income Corp. Buys Herbalife Facility -
Wednesday, January 9, 2013
An affiliate of Escondido, Calif.-based Realty Income Corp. has paid $16.6 million for the Herbalife International of America Inc. distribution center at 5025 Crumpler Road in Hickory Hill.
49.
Changing Market -
Wednesday, January 2, 2013
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.
Delta Blues Winery LLC Buys 15 Acres in Lakeland -
Tuesday, December 18, 2012
6495 Stewart Road Lakeland, TN 38002
Sale Amount: $165,000
Sale Date: Dec. 10, 2012
51.
Advance Auto Parts Sells for $1.1 Million -
Monday, December 17, 2012
An affiliate of Escondido, Calif.-based Realty Income Corp. has paid $1.1 million for the Advance Auto Parts store at 9811 U.S. 64 in Arlington.
52.
Connecting Tenants With Space Keeps Acker Robison Thriving -
Monday, October 29, 2012
For 11 years now, Acker Robison Realty has been helping businesses around the Memphis area with their commercial real estate needs.
The boutique firm, founded by Michael Robison in 2001, handles the full gamut of commercial brokerage services, representing landlords and tenants, purchasers and sellers in the office, industrial and retail sectors.
53.
Capital Influx -
Monday, October 29, 2012
Capital is finally being set free in the Memphis industrial market, with opportunities on both the buy and sale side of investment deals.
Nearly $200 million has been spent since June, as public and private institutional buyers alike make large plays.
54.
Midtown Utopia -
Monday, September 24, 2012
Of Memphis’ tales of humble beginnings, of which there are many, the fluctuating renaissance of the Cooper-Young neighborhood is certainly compelling throughout.
The area has cycled from its 19th century roots to 1970s crime and neglect to its present-day status as one of the largest historic districts in the Southeast, a magnet of all ages and walks of life. All thanks to individuals and organizations that wouldn’t settle for sub-par quality in their tiny town within the bustling Bluff City.
55.
Commercial Sales Drop 36 Percent -
Tuesday, August 28, 2012
Local commercial real estate sales in July posted a 36 percent decrease from the same period a year ago.
Shelby County saw 41 sales last month, down from 64 sales in July 2011, according to the latest information from real estate information company Chandler Reports, www.chandlerreports.com.
56.
Denver REIT Buys Industrial Portfolio for $24M -
Wednesday, July 18, 2012
Denver-based Industrial Income Trust Inc. has bought an 890,000-square-foot industrial portfolio in Southeast Memphis from CRP Holdings B LP for $24.3 million. The purchase, recorded under the entity IIT Memphis IC LLC on the Shelby County Register of Deeds, includes various lots in Memphis Distribution Center.
57.
MEPPI Files $155M Permit App For Rivergate Plant, Office -
Tuesday, June 12, 2012
2865 Riverport Road
Memphis, TN 38109
Permit Cost: $155 million
Permit Date: Applied June 2012
58.
4 Family Dollar Stores Sold in Sale-Leaseback -
Thursday, June 7, 2012
Family Dollar Stores of Tennessee Inc. has sold four Memphis stores to California-based Realty Income Corp. as part of a $4.9 million sale-leaseback.
59.
Performance Of Memphis Public Cos. Varies Widely -
Monday, April 16, 2012
Memphis is home to several publicly traded companies that have made an indelible mark on industries ranging from transportation to finance and manufacturing.
Here’s a snapshot of how those companies are faring at the moment. (For a detailed look at AutoZone, see related story, "The Fast Lane.")
60.
Southland Sells Parcels To Bank For $1 Million -
Friday, April 13, 2012
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.
61.
Cypress RE Fund Buys Perkins BYB Property -
Wednesday, March 28, 2012
Memphis-based realty investment fund Cypress Realty Holdings has bought Back Yard Burgers’ property at 436 Perkins Road Extended for $1.2 million.
62.
Housing Increase Marred by Bank Sales -
Wednesday, March 7, 2012
Local home sales posted a 36 percent increase in February, but many of those sales were executed by banks and investors.
Shelby County saw 997 home sales last month, compared to February 2011’s 735 sales, according to real estate information company Chandler Reports, www.chandlerreports.com.
63.
Miconi Finds Success During First Year -
Tuesday, February 28, 2012
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.
64.
EdR Sees Q4 Net Loss of $5.8M -
Monday, February 27, 2012
The same day Memphis-based EdR announced it would have a majority interest in developing, owning and managing a $36 million cottage-style community near the University of Mississippi, the collegiate housing company reported a fourth quarter net loss of $5.8 million compared to fourth quarter 2010.
65.
EdR Sees Q4 Net Loss of $5.8M -
Friday, February 24, 2012
The same day Memphis-based EdR announced it would have a majority interest in developing, owning and managing a $36 million cottage-style community near the University of Mississippi, the collegiate housing company reported a fourth quarter net loss of $5.8 million compared to fourth quarter 2010.
66.
Prolonged Recession -
Monday, December 26, 2011
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.”
67.
‘Get In and Out’ -
Monday, December 19, 2011
In a local commercial real estate market where prices have plunged as much as 40 percent from 2007 peaks, special service companies are taking advantage of opportunities for buying distressed debt.
68.
Education Realty Trust Improves Operating Funds -
Monday, October 31, 2011
Education Realty Trust Inc. on Thursday, Oct. 27, announced third quarter funds from operations (FFO) totaled $500,000 compared to a loss of $32.6 million the same period a year ago.
69.
Wal-Mart Reverses Revenue Decline in US Business -
Thursday, October 13, 2011
NEW YORK (AP) – Wal-Mart's effort to reverse a two-year sales slump at its U.S. Walmart stores is beginning to work.
The world's largest retailer said Wednesday that a key revenue measure has risen three months in a row for its namesake stores in the U.S. The company also said it plans to cut its capital spending in the U.S. as it continues to shift toward opening smaller stores and away from remodeling locations.
70.
Agents Moonlight to Cope With Slump -
Tuesday, October 11, 2011
In tough times, many local real estate agents seek secondary sources of income to compensate for the market’s instability.
J. Tucker Beck has been selling real estate with Crye-Leike Commercial for 18 years. But when the market dried up in the fall of 2007, he turned to an old fraternity brother to help him line up a job at Huey’s.
71.
New York Co. Buys Medical Office Buildings -
Tuesday, September 20, 2011
1333 Poplar Ave.
Memphis, TN 38104
Sale Amount: $2.9 million
Sale Date: Aug. 26, 2011
72.
New York Investment Cos. buy Medical Offices -
Tuesday, September 13, 2011
A pair of related New York-based limited liability companies has bought two Memphis medical office buildings from related St. Louis entities.
ARC RNMPHTN001 LLC bought a medical office building at 1333 Poplar Ave. from St. Louis-based BanBan Midtown Memphis LLC for $2.9 million.
73.
Outer County Homes Appeal to Variety Of Buyers -
Monday, August 22, 2011
For the past decade or so, many homebuyers have settled outside the Shelby County limits, flocking to outlying counties such as DeSoto, Tipton and Fayette.
Driving factors run the gamut from better schools to lower taxes to rural appeal. Lisa Farmer, agent with RE/MAX On Track who specializes in DeSoto County, said it all comes down to a matter of preference.
74.
The Burger Joint Joins Ridgeway Trace -
Friday, August 19, 2011
Another national burger chain is setting up shop locally, except this one selected Memphis as its entrance into the Tennessee market.
BGR The Burger Joint is the latest tenant to join Ridgeway Trace Center, the 347,358-square-foot development at Poplar Avenue and Interstate 240 anchored by Target, Best Buy, PetSmart and Sports Authority.
75.
Three States Supply Inks Lease in SE Submarket -
Friday, August 12, 2011
A heating and air-conditioning firm is consolidating offices within the Southeast industrial submarket – where it currently has one office.
Three States Supply Co. LLC has inked a 47,000-square-foot lease at 4290 Delp St.
76.
Clayborn-Ball Temple Plays Role In Area’s Future -
Monday, August 1, 2011
A historic Downtown church is for sale after decades of attempts by the AME church leadership to bring it back.
What happens to Clayborn Ball Temple could be a bellwether for redevelopment efforts for the area just south of FedExForum. It’s an area developers and planners refer to as SoFo.
77.
EDR Sees Q2 Net Income Rise -
Monday, July 25, 2011
Education Realty Trust Inc. on Thursday, July 21, announced net income of $0.6 million, or $0.1 per diluted share, in the second quarter.
78.
Education Realty Trust Reports Q2 Earnings, Activity -
Friday, July 22, 2011
Memphis-based Education Realty Trust Inc. announced Thursday, July 21, its second-quarter net operating income was $13.1 million, up 1.3 percent from the same period last year.
79.
Trinity Place Sells For Third Time In Five Years -
Friday, July 8, 2011
A Cordova retail center is under new ownership for the third time in five years. Atlanta-based Altus Real Estate Advisors LLC has purchased Trinity Place, 7990 Trinity Road, for $2.8 million.
80.
Housing Gap -
Monday, June 20, 2011
The push for home ownership has been a fundamental element of the American Dream since the 1960s.
And because a home is typically a person’s most valuable asset, research indicates home ownership stabilizes neighborhoods while also contributing positively to the overall economy. Leading this promotional effort is the National Association of Realtors, which regularly links a healthy housing market to job creation.
81.
Ridgeway Trace’s Success Fills ‘Huge Void’ -
Monday, May 16, 2011
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.
82.
Education Realty Trust Posts Q1 Growth -
Monday, April 25, 2011
Memphis-based Education Realty Trust Inc. showed same-community net income operating growth of 4.3 percent in the first three months of 2011 compared to the first quarter of 2010.
83.
Education Realty Trust Posts Net Income Growth in Q1 -
Friday, April 22, 2011
Memphis-based Education Realty Trust Inc. showed same-community net income operating growth of 4.3 percent in the first three months of 2011 compared to the first quarter of 2010.
84.
Market Factors Give Caution to Younger Homebuyers -
Monday, March 21, 2011
When Jonathan Lyons, 25, went looking to buy a home, he planned each step carefully – he found a good job, enlisted the help of a Realtor, educated himself on the various costs, and got pre-approval from a bank.
85.
Eastgate Sells for $31.5 Million -
Tuesday, January 4, 2011
The Eastgate Shopping Center on Park Avenue in East Memphis has sold to a Dallas-based entity for $31.5 million from Belz Enterprises Inc., according to documents filed with the Shelby County Register of Deeds.
86.
Eastgate Sells for $31.5 Million -
Monday, January 3, 2011
The Eastgate Shopping Center on Park Avenue in East Memphis has sold to a Dallas-based entity for $31.5 million from Belz Enterprises, according to documents filed with the Shelby County Register of Deeds.
87.
Loeb Buys Park Place for $10.3M -
Wednesday, December 22, 2010
Loeb Properties Inc. has bought Park Place Centre from Belz Enterprises Inc. for $10.3 million – the biggest retail transaction of the year.
88.
Loeb Buys Park Place for $10.3M -
Thursday, December 23, 2010
Loeb Properties Inc. has bought Park Place Centre from Belz Enterprises Inc. for $10.3 million – the biggest retail transaction of the year.
89.
Shadows of Doubt -
Monday, November 29, 2010
As the housing market continues to improve, a significant backlog of foreclosed and distressed properties that have not been put on the market could bring the recovery to a screeching halt.
Many lenders across the nation – mostly banks – are struggling to keep up with the overwhelming number of borrowers who have stopped making their mortgage payments. And with the fledgling recovery in housing still weak, banks, institutional investors and even some homeowners who want to sell their homes are waiting until the market shows marked improvement.
90.
Pet Hospital Signs Lease at Corner Shops -
Friday, November 5, 2010
A new pet hospital is among the most recent tenants at The Corner Shops of Canada Road.
The Lakeland Pet Hospital signed a new 3,850-square-foot lease in the 32,500-square-foot center, at the northwest corner of U.S. 64 and Canada Road in Lakeland.
91.
D. Canale Site Sells as Part of Hand Purchase -
Tuesday, October 5, 2010
45 E.H. Crump Blvd.
Memphis, TN 38106
Sale Amount: $4 million
Sale Date: Sept. 24, 2010
Buyer: The Hand Family Realty Co. LLC
Seller: D. Canale Beverages LLC
Loan Amount: $48.4 million
Loan Date: Sept. 27, 2010
Maturity Date: n/a
Lender: Branch Banking and Trust Co.
92.
Former Hollywood Video Sells for $935,000 -
Friday, October 1, 2010
A former Hollywood Video in Cordova has sold for $935,000, and a construction loan has been filed for the property.
TM Partners bought the 7,360-square-foot retail building from Realty Income Corp. Built in 1998, the building sits on about an acre on the east side of North Germantown Parkway between Dexter Road and Bonnie Lane.
93.
'A New Day' -
Monday, September 20, 2010
Marvell Mitchell has had it with numbers.
“I’ve read the numbers and I hear people talking about the recession but frankly, there’s an opportunity here,” said Mitchell, who owns Mitchell Technology Group LLC with his wife, Ledelle.
94.
Homebuyers Rush to Take Advantage of Tax Credits -
Friday, April 30, 2010
Real estate agents are working seven days a week, builders are staying open late and homebuyers are scrambling to get their offers in as they rush to take advantage of tax credits that expire at midnight Friday.
95.
A subtle improvement -
Tuesday, February 16, 2010
From declining sales to falling prices, the housing industry has been hammered recently, and nowhere is that more evident than in Memphis Area Association of Realtors membership numbers.
MAAR, the local trade organization for real estate professionals, has seen its membership dwindle steadily since its high point in August 2007, when it boasted 5,406 members. The latest numbers show membership at just 3,797, a 29.8 percent decline from its pinnacle two and a half years ago and the lowest point since 3,943 in February 2004, the last time it sat below 4,000.
96.
MAAR Prez: Stage Set for Better Home Sales -
Monday, January 11, 2010
2009 went into the books as the worst year for home sales in 18 years, but a slight improvement in the final quarter signaled a sliver of hope for a beleaguered real estate industry.
Shelby County saw just 14,600 home sales last year, an 11 percent decline from 16,406 home sales during 2008 and a 29 percent decline from 20,706 home sales during 2007, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
97.
Aiken’s Love of Profession Radiates in Commercial Realty Work -
Friday, December 18, 2009
Wyatt Aiken launched his commercial real estate career in 1983, the same year he graduated from Tulane University with an MBA. As the New Orleans native first looked for jobs, he interviewed in a handful of Southeastern U.S. cities, but never considered Memphis.
98.
Stars Start to Align In Residential Real Estate Market -
Tuesday, November 10, 2009
The first week of November brought a double dose of good news for the beleaguered real estate industry. Not only did Congress extend and expand its first-time homebuyers tax credit, but the most recent local sales report was peppered with positive signs.
99.
Dollar General Coming To James Road in Raleigh -
Tuesday, September 29, 2009
3609 James Road
Memphis, TN 38128
Permit Amount: $497,000
Project Cost: $497,000
Permit Date: Applied September 2009
Completion: TBA
Owner: SW Properties LLC
Tenant: Dollar General Corp.
Contractor: SW Properties LLC
Architect: N/A
100.
Lit Refrigeration Set to Bring ‘Jr.’ Version of Store to Whitehaven -
Tuesday, September 1, 2009
1665 Winchester Road
Memphis, TN 38116
Sale Amount: $500,000
Sale Date: Aug. 18, 2009
Buyer: Noble Partners Winchester LLC
Seller: Remark Chism
Loan Amount: $400,000
Loan Date: Aug. 18, 2009
Maturity Date: N/A
Lender: SunTrust Bank