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Editorial Results (free)

1. 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

2. Business Leaders Optimistic About Local Economy -

As they have for a few quarters now, Memphis-area business leaders continue to acknowledge an incremental sense of optimism about specific aspects of their companies and the economy, according to the results of the third Memphis Economic Indicator.

3. Goodwyn Condos Shoved Back Into Marketplace -

It didn’t take long for the Goodwyn Condominiums at 127 Madison Ave. to get back on track. Just two months after foreclosing on more than 80 percent of the historic building, First Tennessee Bank NA has taken steps to finish 21 unsold units and put them on the market.

4. Factory Orders Rise 0.9 Percent in September -

WASHINGTON (AP) - Orders to U.S. factories rebounded in September, helped by strength in autos, heavy machinery and military aircraft.

The fifth increase in six months bolstered hopes that a revival in manufacturing will help support an overall economic recovery. The worry is that if consumer spending falters in coming months, orders will slump again.

5. N.J. Company Buys FedEx Global Supply Building -

Another out-of-town company has discovered the value of Memphis’ commercial real estate with a multimillion-dollar investment in the city.

Freehold, N.J.-based Monmouth Real Estate Investment Corp. has bought the 449,262-square-foot, Class A warehouse at 5025 Tuggle Road for $14.6 million. The facility, which just underwent a $1 million expansion, is 100 percent leased by FedEx Global Supply Chain Services Inc.

6. Diversified Interests Keep Commercial Builders Afloat -

Fewer cranes. Fewer steel girders. Fewer concrete mixers.

Outside a handful of high-profile projects in the past year, the commercial construction market – much like its residential counterpart – has been marked by a lack of activity in Shelby County, as the tightened lending landscape crippled the industry.

7. FedEx Company Anticipates Recovery With Expansion -

At a time when many companies are putting the brakes on large-scale projects, FedEx Global Supply Chain Services Inc. is undertaking a $1 million expansion and renovation of its warehouse at 5025 Tuggle Road in Oakhaven/Parkway Village, a facility it will fully occupy once the work is complete.

8. Gateway Center To Get Image Boost -

Belz Enterprises Inc. will complete a $1 million facelift on the Gateway Shopping Center at 3230 Jackson Ave. in the Berclair neighborhood of North Memphis, company officials have confirmed.

The longtime Memphis real estate and development firm has filed an application with the city-county Department of Construction Code Enforcement to renovate the exterior of Gateway, which was built in 1962 and sits on 9.62 acres.

9. Collierville Chamber to Relocate, Expand -

Collierville Chamber of Commerce officials have been looking for a new home for a few years now - and it seems they finally have found one.

The chamber expects to break ground next month on a new facility in Halle Park Professional Centre, adjacent to Collierville Town Hall.

10. Archived Article: Saddles - By SUZANNE THOMPSON Saddles Steakhouse to open in Germantown By SUZANNE THOMPSON The Daily News Demolition work will begin in the next two to three weeks on the facade of the building located at the southwest corner of Poplar Pike and Forest Hill Ir...