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Editorial Results (free)

1. Construction Continues On Hickman Building -

Walk Off Properties, the new owners of the historic Hickman Building at 240 Madison Ave. in Downtown Memphis, are continuing their renovation of the property.

2. Construction Continues On Hickman Building -

Walk Off Properties, the new owners of the historic Hickman Building at 240 Madison Ave. in Downtown Memphis, are continuing their renovation of the property.

3. Law Firm Leases Keep East Submarket Strong in Q3 -

Despite a growing trend of major businesses relocating Downtown, the East submarket still led the way by a large margin in office leasing volume in the third quarter.

In total, the Memphis office market absorbed 156,280 square feet of space, which marks the third consecutive quarter of positive absorption, according to Cushman & Wakefield/Commercial Advisors’ Q3 Office MarketBeat report. This brings the year-to-date net absorption to 625,707 square feet, a drastic increase from the negative 59,344 square feet absorbed in the first three quarters a year ago.

4. Downtown Core Attracting More Corporate Tenants -

Hamida Mandani, who with her husband Sunny owns City Market at the corner of Main Street and Union Avenue, is anticipating lots of potential new customers soon for her small grocery and deli enterprise.

5. Allworld Renovating Vacant Downtown Building for HQ -

Allworld Project Management has been approved for an $80,000 Exterior Improvement Grant by the Center City Development Corp. to begin renovations on its new corporate headquarters in Downtown Memphis.

6. $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

7. $12 Million Permit Filed for Hickman Building -

Montgomery Martin Contractors has filed a $12 million building permit application with the city-county Office of Construction Code Enforcement to renovate the historic Hickman Building into a mixed-use development that will include the new headquarters of Memphis-based investment firm, SouthernSun Asset Management.

8. $12M Building Permit Pulled for Hickman Building -

Montgomery Martin Contractors has filed a $12 million building permit application with the city-county Office of Construction Code Enforcement to renovate the historic Hickman Building into a mixed-use development that will include the new headquarters of Memphis-based investment firm, SouthernSun Asset Management.

9. SouthernSun Converting Historic Downtown Building to New HQ -

SouthernSun Asset Management is preparing to convert part of a historic but long-vacant Downtown building into its new headquarters.

The $16 million project seeks to turn the nine-story Hickman Building, 240 Madison Ave., into a mixed-use project that houses the Memphis-based investment firm's headquarters as well as 40 apartments, 5,000 square feet of street-level retail and a connected parking structure.

10. SouthernSun Converting Historic Downtown Building to New HQ -

SouthernSun Asset Management is preparing to convert a historic but long-vacant Downtown building into its new headquarters.

The Memphis-based investment management firm plans to invest around $16 million to turn the nine-story Hickman Building, 240 Madison Ave., into a mixed-use project that houses its headquarters as well as 40 apartments, 5,000 square feet of street-level retail and a connected parking structure.

11. SouthernSun Converting Historic Downtown Building to New HQ -

SouthernSun Asset Management is preparing to convert a historic but long-vacant Downtown building into its new headquarters.

The Memphis-based investment management firm plans to invest around $16 million to turn the nine-story Hickman Building, 240 Madison Ave., into a mixed-use project that houses its headquarters as well as 40 apartments, 5,000 square feet of street-level retail and a connected parking structure.

12. SouthernSun Converting Historic Downtown Building to New HQ -

SouthernSun Asset Management is preparing to convert a historic but long-vacant Downtown building into its new headquarters.

The Memphis-based investment management firm plans to invest around $16 million to turn the nine-story Hickman Building, 240 Madison Ave., into a mixed-use project that houses its headquarters as well as 40 apartments, 5,000 square feet of street-level retail and a connected parking structure.

13. SouthernSun Converting Historic Downtown Building to New HQ -

SouthernSun Asset Management is preparing to convert a historic but long-vacant Downtown building into its new headquarters.

The Memphis-based investment management firm plans to invest around $16 million to turn the nine-story Hickman Building, 240 Madison Ave., into a mixed-use project that houses its headquarters as well as 40 apartments, 5,000 square feet of street-level retail and a connected parking structure.

14. Memphis Chamber Announces Program to Assist Minority-, Women-Owned Businesses -

At a press conference fittingly held at the National Civil Rights Museum, The Greater Memphis Chamber announced their newest pilot program Thursday, Dec. 15: the Ascend Memphis Business Development Pilot Program.

15. The Week Ahead: Feb. 1, 2016 -

How was your weekend, Memphis? The good news is you officially made it through January. Here’s a look at what’s happening this week, from a frigid swim to a FedExForum double-header…

16. AutoZone, SouthernSun, Loeb Donate to Artspace Lofts -

The Artspace South Main Artist Lofts development has three new supporters and made significant strides in its fundraising goal this week.

SouthernSun Asset Management and Loeb Properties Inc. each donated $10,000 to fund the affordable housing development, and AutoZone made a “major contribution” in line with donations made by The Assisi Foundation of Memphis, Pyramid Peak Foundation, the city of Memphis, Downtown Memphis Commission, Ford Foundation and the Hyde Family Foundations.

17. AutoZone, SouthernSun, Loeb Donate to Artspace Lofts -

The Artspace South Main Artist Lofts development has three new supporters and made significant strides in its fundraising goal this week.

SouthernSun Asset Management and Loeb Properties Inc. each donated $10,000 to fund the affordable housing development, and AutoZone made a “major contribution” in line with donations made by The Assisi Foundation of Memphis, Pyramid Peak Foundation, the city of Memphis, Downtown Memphis Commission, Ford Foundation and the Hyde Family Foundations.

18. New Owner to Revive Long-Vacant Downtown Block -

A group of private investors – led by Memphis businessman Michael Cook – is looking to turn a blighted Downtown block into a mixed-use development with covered parking.

Walk-Off Properties LLC bought the nine-story Hickman Building and its accompanying two-story parking garage on Sept. 30 for $1 million. The building, at 240 Madison Ave., sits across from the Fogelman Downtown YMCA.

19. Speakers Set For Inaugural TEDxMemphis Event -

A few weeks from now, Memphians will have a chance to hear from Kimbal Musk, the brother of billionaire Tesla founder Elon Musk, about his plans for the restaurant and garden concepts he’s bringing to Memphis.

20. U of M to Honor Distinguished Alumni -

Hilliard Crews, Wink Martindale and Diane Vescovo are among the individuals receiving 2015 Distinguished Alumni Awards from the University of Memphis Alumni Association.

21. University of Memphis to Honor Distinguished Alumni -

Hilliard Crews, Wink Martindale and Diane Vescovo are among the individuals receiving 2015 Distinguished Alumni Awards from the University of Memphis Alumni Association.

22. Boston Group Buys SouthernSun Asset Management -

Boston-based Affiliated Managers Group Inc. has bought a majority equity interest in Memphis-based investment management firm SouthernSun Asset Management LLC.

23. Boston Group Buys SouthernSun Asset Management -

Boston-based Affiliated Managers Group Inc. has bought a majority equity interest in Memphis-based investment management firm SouthernSun Asset Management LLC.

24. Bite Yourself Before You Get Bitten -

A few weeks ago we attended the FedEx Institute of Technology’s Innovation Expo to hear Philip Mudd, formally of the CIA and FBI, speak about risk, and A.G. Lafley, CEO of Procter & Gamble, discuss product development and market strategy. We will share with you their messages in our next two columns, as both had unique insight on strategy.

25. CRE Activity Stays Strong During 2011 -

Despite hard times, local commercial real estate firms were able to ink plenty of deals in the past 12 months.

Memphis’ industrial leasing activity kicked off in January when Buena Park, Calif.-based Pacific Logistics Corp. signed a 60,000-square-foot lease in ProLogis Park DeSoto for its first Memphis-area location.

26. SouthernSun Small Cap Fund gets 5-Star Rating -

Memphis-based SouthernSun Asset Management, which has 24 employees and more than $1.9 billion in assets under management, announced its SouthernSun Small Cap Fund has received a five-star Overall Morningstar Rating out of 305 small value funds.

27. Dollar General Building Store On Jackson In N. Memphis -

Plans for a new Dollar General store in the city’s North submarket are under way. Ware Properties LLC purchased 9,100 square feet of vacant land at 3433 Jackson Ave. from Hector Tejeda in May for $140,000, according to the Shelby County Register of Deeds. The Shelby County Assessor of Property’s 2011 appraisal of the parcel was $109,200.

28. 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.”

29. 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.