Editorial Results (free)
1. Last Word: Substation 68, Akbari's Convention Slot and Heartbreak Hotel
- Monday, July 25, 2016
Relief came on Sunday for Memphis Light Gas and Water customers in Arlington, Lakeland and a part of Bartlett who have been enduring rolling blackouts and voluntary conservation measures in the worst heat of the summer for just shy of two weeks.
2. Grant Touts Ghost River Brewing as Neighborhood Asset
- Thursday, May 19, 2016
The Center City Development Corp. has awarded its largest storefront improvement grant to date to Ghost River Brewing Co., which plans to use the $65,500 to building an outside patio and taproom at its 827 S. Main St. facility.
3. Last Word: South of Crump, Council Day and Haslam on the Fed's Bathroom Memo
- Tuesday, May 17, 2016
Neon is coming back to E. H. Crump Boulevard and the momentum of development continues to move further south to the Crump border with South Memphis.
Ghost River Brewing Co. is making plans for a tap room that opens this fall as part of its existing brewery at South Main and Crump.
4. Megan Warden Joins Shea Moskovitz & McGhee
- Wednesday, November 04, 2015
Megan Warden, who joined Shea Moskovitz & McGhee as an associate attorney this year, represents clients in a variety of family law matters – including division and valuation of marital assets, spousal support, prenuptial agreements, child custody, parenting plans, visitation issues, domestic partnerships and parentage.
5. ULI Panel Tackles Soulsville’s Dilemma as Shadyac Reveals Concept
- Wednesday, September 16, 2015
Local shareholders and national development leaders got deep in the heart of Soulsville USA this week with an all-day deliberation on how to bring placemaking to one of Memphis’ struggling historical areas.
6. Clark Tower to Get $6 Million in Capital Improvements
- Wednesday, July 15, 2015
The venerable Clark Tower is getting an infusion of cash for capital improvements.
In-Rel Properties, which owns the East Memphis skyscraper, has executed an agreement with the building’s lender paving the way for a $6 million capital improvement project that will begin immediately.
7. Simmons Joins Cushman & Wakefield/Commercial Advisors
- Wednesday, June 24, 2015
Mary Leesa Simmons has joined Cushman & Wakefield/Commercial Advisors as vice president – senior asset manager. In her new role, Simmons provides all aspects of property management duties for the firm’s clients.
This includes financial administration, budgeting, reporting, lease administration, contract administration, tenant, client and vendor administration, capital improvements and property inspections.
8. TruGreen Selects East Memphis for New Headquarters
- Friday, May 29, 2015
TruGreen is moving more than 300 Memphis-area employees and its corporate headquarters to a 65,000-square-foot space at the Forum II office building in East Memphis, the company announced Friday.
The new headquarters, which will eventually house up to 400 of TruGreen’s corporate associates, will be part of the three-building Forum Office Complex, situated at the intersection of Kirby Parkway and Poplar Avenue.
9. Pinnacle Awards Honor Commercial Real Estate Standouts
- Monday, April 13, 2015
The local commercial real estate community gathered at the Memphis Botanic Garden Thursday, April 9, for the 14th annual Pinnacle Awards. Every year, the Memphis Area Association of Realtors Commercial Council honors its members based on their transactional volume, merit and community activity.
10. Pitts-Murdock Leading Library’s Teen Services
- Wednesday, December 24, 2014
R. Janae Pitts-Murdock has been named coordinator of teen services for the Memphis Public Library and Information Center, a role in which she’s responsible for coordinating teen programs, partnerships and special initiatives across 18 locations.
11. Stonebridge Crossing Sells for $29.8 Million
- Tuesday, September 30, 2014
9135 Morning Ridge Road
Memphis, TN 38016
Sale Amount: $29.8 million
Sale Date: Sept. 11, 2014
Buyer: IRT Stonebridge Crossing Apartments Owner LLC
Seller: AB Merion Stonebridge LLC
Details: The 500-unit Stonebridge Crossing apartment complex in Cordova has traded hands.
12. French Fort Plan Calls for $150 Million Development
- Tuesday, July 22, 2014
What would begin as 67 apartments in the former U.S. Marine Hospital and nurses’ quarters on the northern edge of the French Fort neighborhood would grow in phases to a $150 million development south of E.H. Crump Boulevard, according to a plan unveiled over the weekend.
13. Problem Solvers
- Thursday, July 03, 2014
Rick Smith is director of property management for Finard Properties, the commercial real estate firm that owns and manages properties such as the landmark Poplar Plaza shopping center at Poplar Avenue and Highland Street.
14. Bourland Heflin to Expand, Renovate Poplar Home
- Friday, May 16, 2014
A Memphis law firm is expanding its East Memphis office and improving public areas for clients and visitors.
Bourland Heflin Alvarez Minor & Matthews PLC renewed and expanded its lease in the 5400 Poplar Ave. office building.
15. This week in Memphis history: May 2-May 8
- Saturday, May 03, 2014
1950: Among the new privilege licenses listed in The Daily News was one for Martin Stadium, 476 Crump Blvd. The ballpark was the home of the Negro League Memphis Red Sox, named for the owner of the team. The new privilege license was filed three years after Jackie Robinson broke the color barrier in major league baseball, although racial segregation off the field remained a fact of life for many years following Robinson’s integration of baseball.
16. Trustmark Bank Opens Headquarters in East Memphis
- Monday, April 28, 2014
Trustmark Bank has officially opened its new regional headquarters location in East Memphis.
The regional headquarters opened at the 5350 Poplar Ave. office building, which has been renamed Trustmark Centre. The bank acquired naming rights as a part of the 12.5-year lease Trustmark Corp. signed in November.
17. This week in Memphis history: February 21-27
- Saturday, February 22, 2014
2013: The Salvation Army Kroc Center opened at the Mid-South Fairgrounds.
1974: On the front page of The Daily News, Albertine McCrory developers announced a 1,500-home planned community at Interstate 40 and Whitten Road called Hillshire. The plans called for single-family homes, townhouse condominiums, garden apartments, duplexes and commercial areas as well as an office industrial park for an estimated 12,000 people or a community about the size of Parkway Village at the time.
18. FedExForum Area Targeted for Apartments
- Friday, February 07, 2014
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.
19. Wright Signs Lease for East Memphis Headquarters
- Friday, January 03, 2014
After months of planning, Wright Medical Group Inc. has signed the lease for its new headquarters and is in the process of moving to the wooded office campus at Park Avenue and Cherry Road in East Memphis.
20. Orangetheory Fitness Signs New Lease In Stonecreek
- Friday, December 27, 2013
Orangetheory Fitness has signed a lease at Stonecreek Centre at Poplar Avenue and Forest Hill-Irene Road in Germantown.
Orangetheory Fitness will occupy 3,167 square feet at the location. Orangetheory Fitness is a workout method that is broken into intervals of cardiovascular and strength training while using heart rate monitors to keep heart rates in a targeted zone to stimulate metabolism and increases energy.
21. Building Capacities
- Saturday, December 21, 2013
Major road and highway projects like the Interstate 269 loop, I-40/240 and the Mallory Road interchange near Frank Pigeon Industrial Park made substantial progress during 2013, with several phases of important transportation corridors wrapping up and new projects planned for 2014 and beyond.
22. LRK Turns 30 With Eye Toward Growth
- Saturday, October 12, 2013
LRK Inc. is celebrating its 30th anniversary this year, and the full-service architectural, planning, environmental and interior design firm is involved with a diverse range of high-profile projects, both locally and nationally, with the intent of creating special places for clients and users.
23. Yoakum Helps Businesses ‘Move On With Their Lives’
- Thursday, August 22, 2013
Though the jump Brian Yoakum made at the beginning of August from The Biller Law Firm to Evans Petree PC was only a floor away, he saw a greater opportunity to broaden his practice areas and expand the services he could offer clients.
24. Apperson Crump Expands in Triad III
- Friday, March 15, 2013
Memphis’ oldest continuously practicing law firm is expanding its presence in Triad III.
Apperson Crump PLC added 2,037 square feet to its seventh floor space in a vacant adjacent area between Silverleafe Capital Partners LLC.
25. Hand Family Files Loan on Local Properties
- Tuesday, February 19, 2013
45 W. E.H. Crump Blvd.
Memphis, TN 38106
Loan Amount: $3.2 million
Loan Date: Feb. 4, 2013
Maturity Date: N/A
Borrower: The Hand Family Realty Co. LLC
Lender: JPMorgan Chase Bank NA
Details: The Hand Family Realty Co. LLC has filed a $3.2 million loan on its Memphis portfolio, including the Anheuser-Busch distribution facility at 45 W. E.H. Crump Blvd. south of Downtown.
26. Atlantic Track Grows Local Operations
- Friday, January 11, 2013
Bloomfield, N.J.-based Atlantic Track & Turnout Co. is expanding its Memphis operations with a 12,900-square-foot pre-engineered metal building addition with a bridge crane at 363 E. Bodley Ave.
27. CashSaver Trades Hands for $3.2 Million
- Friday, December 28, 2012
The CashSaver in Midtown has traded hands.
Kansas City, Kan.-based Super Market Developers Inc. bought the 69,017-square-foot building at 1620 Madison Ave. at Avalon Street from 1620 Madison LLC for $3.2 million. Fred Monks III, president/chief manager of 1620 Madison LLC, signed the special warranty deed.
28. Levenger Leases Up EastPark IV
- Friday, December 14, 2012
A Delray Beach, Fla.-based specialty retail company is relocating its Memphis distribution warehouse within the Southeast submarket.
Levenger has inked 96,400 square feet in EastPark Distribution Center IV, 5265 Hickory Hill Road, bringing the 372,800-square-foot building to full occupancy. Levenger also has an operation at 3530 E. Raines Road.
29. Memphis Goodwill Opens Oakland Store
- Thursday, December 13, 2012
Memphis Goodwill Inc. opened a new Attended Donation Center in Oakland Monday, Dec. 10.
The 1,850-square-foot space was previously a Starbucks Coffee Co. in an outparcel of a Kroger-anchored shopping center at 7275 U.S. 64. It is Goodwill’s first donation center in Fayette County.
30. Lease Brings New Breed Footprint to 3 Million Feet
- Friday, October 12, 2012
New Breed Inc. is enhancing its Memphis operations with a new distribution warehouse lease in the Southeast industrial submarket.
31. 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.
32. Next-Generation Theater
- Monday, September 17, 2012
Plans are moving forward for The Orpheum Theatre Memphis’ new Performing Arts and Leadership Centre, a $10.7 million facility that will enable growth in student participation and other professional development programs.
33. Invacare Inks Lease in SE Memphis
- Friday, August 17, 2012
Invacare Continuing Care Inc. has inked a 3,500-square-foot lease at 4187 Senator St. in Southeast Memphis.
34. Restaurants Make Market Entrée at Crescent Center
- Tuesday, May 01, 2012
The Poplar/240 corridor soon will add a pair of national restaurant tenants to its already booming portfolio of dining options.
The Land Use Control Board unanimously approved in April a planned development to add two upscale freestanding restaurants to the Crescent Center office building site at Poplar Avenue and Ridgeway Road.
35. Road Projects to Up Megasite’s Presence
- Thursday, April 26, 2012
When state and local leaders formally opened the West Tennessee Solar Farm in Haywood County earlier this month, Tennessee Transportation Commissioner John Schroer had one of the biggest applause lines of the day.
36. Colonnade at Germantown Sells for $23 Million
- Tuesday, April 17, 2012
7491 Wyndhurst Place or 7455 Wolf River Blvd.
Germantown, TN 38138
- Tuesday, March 27, 2012
Lipscomb Pitts Breakfast Club will host an executive lunch with Doug McGowen Tuesday, March 27, from noon to 1:30 p.m. at Napa Café, 5101 Sanderlin Ave., suite 122. McGowen will discuss starting new businesses, growing existing businesses and how to use commercial blight as an opportunity. Email Jeremy Park at email@example.com for reservations.
- Monday, March 26, 2012
The Tennessee Solar Institute will offer a free course in the basics of solar installation and photovoltaic technology Monday, March 26, through Friday, March 30, at the University of Memphis Fogelman Conference Center, 330 Innovation Drive. The 40-hour course will be held each day from 8 a.m. to 5 p.m. and lunch will be provided. At the conclusion of the course, an entry-level certificate of knowledge exam will be given. For more information, contact Patricia Wells at firstname.lastname@example.org or 615-253-6371.
39. Downtown Mixed-Use Bldg. Sells for $1.5M in Foreclosure
- Tuesday, February 28, 2012
92-96 S. Main St.
Memphis, TN 38103
Sale Amount: $1.5 million
Sale Date: Feb. 10, 2012
40. Muddy’s Inks Space on Broad
- Tuesday, February 14, 2012
Muddy’s Bake Shop will soon bring some of its “lovin’ from the oven” to Binghampton.
The local bakery has inked a 3,000-square-foot lease at 2497 Broad Ave. in the Historic Broad Avenue Arts District.
41. Muddy's Bake Shop Inks New Lease on Broad
- Monday, February 13, 2012
Muddy’s Bake Shop will soon bring some of its lovin’ from the oven to Binghampton.
The local bakery has inked a 3,000-square-foot lease at 2497 Broad Ave. in the Historic Broad Avenue Arts District.
42. CRE Activity Stays Strong During 2011
- Friday, December 30, 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.
43. Bldg. Permit Application Filed for Virginia Avenue Apts.
- Friday, November 18, 2011
A building permit application has been filed with the city-county Office of Construction Code Enforcement for apartments at 25 E. Virginia Ave.
44. Don’t Let Progress Harm Historic Neighborhood
- Monday, October 03, 2011
French Fort has seen it all. And by “all” we mean an amazing arc of history that began long before there was a Memphis or even a United States of America.
The neighborhood has Indian mounds used later as fortifications by Confederate soldiers. It was home to Union soldiers stationed at Fort Pickering. And it includes an old hospital that began as a place to care for those whose working lives were spent on the Mississippi River.
45. Back into the Fold
- Monday, October 03, 2011
Before there was South Bluffs, there was French Fort.
Before the Hernando DeSoto Bridge was built and city zoning regulations placed more distance between commercial, industrial and residential areas, this neighborhood by the trio of older Mississippi River bridges south of Downtown survived in one of the most historic and isolated parts of the city.
46. Company Buys 11 Acres On Thousand Oaks
- Friday, September 30, 2011
NAI Saig Co. has negotiated a pair of investment sales in recent weeks. Corolla Management Corp. has purchased two sites totaling 10.6 acres on Thousand Oaks Cove from Bank of Bartlett for $925,000.
47. Evolve Bank Moving Into Triad Centre III
- Monday, August 29, 2011
Evolve Bank & Trust is preparing to move into a new branch location next month at 6070 Poplar Ave. in the Triad Centre III office building.
48. ‘We’re OK’
- Wednesday, August 24, 2011
For decades, a residential area called French Fort, near the Metal Museum and Interstate 55, has thrived in isolation and anonymity.
The larger area is now poised to return to its one-time role as a gateway. But the owner of two key pieces of property told homeowners not to expect much movement for several years.
49. Bridging the Gap
- Friday, July 08, 2011
Between now and the end of the year, transportation planners in the tri-state area and beyond will round up the final work product that will go into the preliminary search for a new Mississippi River bridge at or near Memphis.
50. Perception vs. Reality
- Tuesday, June 14, 2011
Last month’s Mississippi River gauge was the second highest level ever recorded in the city’s history – flooding about 18 percent of Shelby County’s land and some 2,500 pieces of property – but for the city’s industrial warehouses it was virtually a non-issue.
51. Slow Deals Latest Signs of Times
- Monday, May 30, 2011
Office and industrial deals across the Mid-South are taking longer to get accomplished thanks to shaky confidence and more financial hurdles coming out of the economic downturn of the past few years.
52. Cordova’s Parkway Place Hits 100 Pct
- Friday, May 27, 2011
Two recent leases at Parkway Place Office have brought the center to 100 percent occupancy. Guardian Community Living LLC signed a 10,500-square-foot lease in the 70,000-square-foot office annex that is situated in Cordova.
53. Thrifty Real Estate
- Friday, May 27, 2011
One area that has seemed to thrive in the recession is discount retailers, including thrift and dollar stores.
Low-cost operators, including nonprofit organizations like Memphis Goodwill Industries, are able to find more affordable property than in previous years. That’s because as market conditions have dropped, so has price per square foot, said Dave Leutwyler, Goodwill executive vice president.
54. MBIN Signs New Lease At Bellbrook Park
- Friday, April 22, 2011
A Memphis-based wholesaler of collectable items has signed a new industrial lease in the Southwest submarket.
MBIN Global Inc. has signed a new lease for 26,250 square feet at Bellbrook Industrial Park, 1004 Brooks Road.
55. Humphreys Joins Keller Williams Realty
- Wednesday, April 20, 2011
Herbo Humphreys has joined the Crump Realty Group of Keller Williams Realty. Humphreys previously worked as a project supervisor for Bryan-Turley Properties.
56. City Eyes End to Public Housing Projects
- Wednesday, March 23, 2011
Chain link fences went up around the four Memphis Housing Authority high-rises earlier this month.
The renovation work that is about to begin on the public housing units in the next year comes as the city prepares to begin demolition of Cleaborn Homes on April 12.
57. Magna Bank Positions for Solid 2011 Despite ’10 Loss
- Monday, March 21, 2011
Memphis’ third-largest locally based financial institution closed the books on 2010 by reporting a loss but also touting investments made across the board in the bank as well as hinting at an expansion of its branch network.
58. Crump Commercial Sets Sights on Continued Success
- Monday, March 07, 2011
To many Memphians, the name Crump is a familiar one.
The legacy of former Memphis mayor E.H. “Boss” Crump is felt across the political landscape and can be seen in everything from a boulevard to a football stadium
59. Apperson Crump Adds Aldridge as Partner
- Monday, January 31, 2011
Commercial real estate attorney Joe Aldridge has become a partner in Apperson Crump PLC.
Previously, he was a partner in Baskin, McCarroll, McCaskill, Aldridge & Campbell PA in Southaven, and before that was with Wyatt Tarrant & Combs LLP and its predecessors for almost three decades.
60. Menlo Deal Tops Noteworthy Leases
- Thursday, December 30, 2010
The Daily News in September launched a new weekly column called “Inked” to spotlight Memphis’ commercial leasing landscape.
Despite tough times, local commercial real estate firms were able to ink plenty of deals in the past four months. Here’s a rundown of some of the most noteworthy commercial leases since Inked’s debut:
61. Kitchens Unlimited’s Kassen Wins TriStar Award
- Wednesday, December 29, 2010
Karen Kassen of Kitchens Unlimited has won a TriStar Award for Residential-Singular Space in the 2010 Tennessee American Society of Interior Designers Design Competition.
Work Experience: I began working at Kitchens Unlimited as an intern in 1992, and purchased the business with my family in 1998. So, I have worked at the same firm for the last 18 years.
Family: Husband, Joe, who is involved in our business. Two sons: Hays, 11, and Wynn, 8.
Why did you pursue a career in kitchen design? Although I began school in architecture, a kitchen designer friend got me interested in the specialization. While kitchen design involves a very technical side of interior design, I still get to work with finishes, materials, decorative arts and architectural planning. It is the best of both worlds.
What does winning the TriStar Award from ASID mean to you? I was very proud to share this award with a talented interior designer, Julia Finnell. She and I collaborated with an involved and passionate client to create a winning kitchen in a home that had been contemplated for years. There is no better confirmation than having someone in your profession praise your work for being the best.
What do you consider your greatest professional accomplishments? I am the only designer in Memphis to achieve the certification of Master Kitchen and Bath Designer, and one of only three people in the state of Tennessee. Last year, I was selected by National Kitchen and Bath Association and HGTV to be featured with one of my kitchen projects in a short story commercial that aired on HGTV and DIY network.
What do you most enjoy about your work? I get to be creative every day. I love that designing a kitchen or bathroom can be so impactful on the lives of my clients. It’s so rewarding to see a project transform from a sketch to real working and functioning space. Best of all, I enjoy the collaboration of working on projects with other designers, architects and my colleagues.
62. Aces Increases Presence With Two Leases
- Friday, December 03, 2010
Aces A/C Supply North has recently signed two leases in the region – one in Memphis and one in Jackson, Tenn.
Carrollton, Texas-based Aces, a representative of American Standard Heating and Air Conditioning, is a wholesaler of air conditioning and equipment and parts.
63. Air Park Property Sells For $730,000
- Friday, October 15, 2010
Crump Commercial LLC recently closed on a property at 3850 Air Park St., a deal that has been in the works for about six months.
- Tuesday, September 14, 2010
LaunchMemphis will present a seminar with author Larry Farrell Tuesday at 7:30 a.m. at EmergeMemphis, 516 Tennessee St. Farrell will speak on the topic “Iteration Trumps Perfection.” Cost is $25. To register, visit www.larryfarrellbreakfast.eventbrite.com.
65. Redesigned and Rebuilt
- Tuesday, August 17, 2010
David Schuermann, president of Architecture Inc., said his 16-year-old Downtown firm specializes in renovations and restorations to existing buildings.
66. Cautious Optimism
- Tuesday, June 15, 2010
Industrial real estate, which thrives whenever companies choose one of the city’s numerous warehouses and distribution centers to store their goods, plays a significant role in Memphis’ economy.
So as the recession improves and consumerism rebounds, the industrial sector is bound to show improvement as will the city’s financial climate.
67. Deal 'Huge' For Office Real Estate Market
- Thursday, June 10, 2010
The lease that sent Glankler Brown PLLC from Downtown to East Memphis was one of the most significant commercial real estate deals inked all year, even in a city known for its abundance of large industrial transactions.
68. Jeff Barry Joins Commercial Advisors As Senior V.P.
- Wednesday, May 05, 2010
Education: Memphis University School; Vanderbilt, B.S. in Economics; Vanderbilt, M.B.A.
Work experience: Belz Enterprises 1988-1990; Barry Properties LLC 1990-present; Commercial Advisors, present
Family: Wife, Amy; daughters, Kate and Ellie; son, Hall
Last book read: “Lonesome Dove”
Music: Bluegrass, Classical
Movies: “Braveheart,” “Sound of Music,” “To Kill a Mockingbird”
Sports team: Tigers Basketball
Activities you enjoy outside of work: Time with family, camping, hunting
What talent do you wish you had? Singing
Who has had the greatest influence on you? Mom, dad and Alice.
Why did you pursue a career in real estate? I think I received my dad’s “love of the land.” I also love working with people. The creative side of land development as well as the “deal” side of helping buyers and sellers on transactions is a good fit for me.
What have been your most rewarding professional accomplishments? Being able to work in a wide variety of land deals, ranging from subdivision development to buying and selling of farm and hunting land. Along with that, helping people realize their goals in those areas.
What do you most enjoy about your work? Being outside with people (i.e. NOT in the office).
69. CRE Market Sweats Tight Times
- Tuesday, March 16, 2010
From Downtown to the eastern suburbs, from the airport to Millington, the landscape is bleak for commercial real estate brokers.
Everywhere they look, they see signs that the local market has endured and continues to endure its share of black eyes. In the past 12 months, for example, two of the area’s four biggest sales occurred on the Shelby County Courthouse steps.
70. Glankler Brown Names Bradley Chief Manager
- Wednesday, March 03, 2010
William R. Bradley Jr. has been named chief manager of Glankler Brown PLLC.
Bradley’s primary practice areas include intellectual property, maintenance and litigation, antitrust counseling and litigation, business litigation, and construction litigation.
71. Mud Island Makeover
- Monday, November 30, 2009
In August 1976, Roy Harrover, the Memphis architect who designed such landmarks as Memphis International Airport, Memphis College of Art and the NBC Bank Building wrote a six-page description of a project then known as Volunteer Park.
72. Numbers Show Industrial Real Estate Taking Plenty Of ‘Licks’
- Friday, June 19, 2009
A healthy industrial real estate market is imperative for Memphis to live up to its longtime moniker of “America’s Distribution Center” or its new one of “America’s Aerotropolis.”
In other words, a viable warehouse sector – which bolsters the city’s ability to store goods before they’re distributed and supports the city’s robust transportation assets – is mission critical no matter how the city’s marketing is phrased.
73. Commercial Sector Limps Through April
- Tuesday, May 26, 2009
The commercial real estate sales volume slowed to a crawl in April, reaching only half of what it was the same month a year ago.
What’s worse, only three deals made it above the $1 million mark, and of those, one was an internal transaction and one was an apartment property that has had revolving owners in the past few years.
74. Work Progresses on Hope VI Development
- Tuesday, January 06, 2009
Construction crews didn’t let a little Monday morning mud stop them from building new apartments at University Place, a Hope VI housing development.
The third and final phase should be complete by fall, said Tom Currell, vice president of McCormack Baron Salazar, which is developing the $68 million project in partnership with Community Capital LLC.
75. Former FedEx HQ Recast as Aerotropolis
- Tuesday, December 30, 2008
The building that served as FedEx Corp.’s initial corporate headquarters is at the center of a rebranding campaign designed to tap into the city’s growing aerotropolis concept.
76. Commercial Real Estate Sales Bleak in October
- Tuesday, November 25, 2008
Commercial real estate’s downward spiral continued in October, with sales falling by a third compared to the same month a year ago.
Just 64 commercial deals occurred in Shelby County last month, a 33.3 percent decline from 96 in October 2007, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
77. Wal-Mart Turnaround Signals Philosophical Shift
- Wednesday, October 22, 2008
Wal-Mart executives say they are finished trying to build a third super store at Houston Levee and Macon Road in Cordova.
Monday’s 10-3 vote by the Shelby County Board of Commissioners ended a two-year process in which Wal-Mart executives won approval from the city-county Land Use Control Board, but were opposed by the local Office of Planning & Development.
78. Motel Developers Meet Different Fates With Council
- Wednesday, August 27, 2008
As a whole, the Memphis City Council over the last several years usually has responded to development applications for new motels in the inner city with a mix of incredulity, skepticism and pointed questions for developers.
79. Motel Project Causes Council Tension
- Thursday, August 21, 2008
When Memphis Mayor Willie Herenton shows up in the City Council’s committee room, it usually means he wants to make a point – maybe several.
This week, Herenton took the elevator from his office down two floors and waited his turn before the council’s Planning and Zoning Committee to protest plans for a hotel in the inner city neighborhood where he grew up.
80. LaPaloma Treatment Center To Start Building $4 Million Wing
- Tuesday, July 15, 2008
1248 Lapaloma St.
Memphis, TN 38114
Permit Amount: $4 Million
Project Cost: $4 million
Permit Date: Applied July 2008
Completion: End of year
Owner: LaPaloma Treatment Center
Tenant: LaPaloma Treatment Center
Architect: Looney Ricks Kiss
Contractor: Grinder, Tabor & Grinder Inc.
Details: LaPaloma Treatment Center is preparing to break ground on a new wing for its 10-acre campus on Lapaloma Street, south of Lamar Avenue near Foster Avenue in the Defense Depot area.
81. Tattered Cushion
- Friday, June 20, 2008
Industrial real estate in Shelby County borrowed a chapter from the residential market’s tale of woe by turning in a lackluster 12-month period.
Like what’s happening with home sales, myriad factors ranging from tightened credit to frightened buyers have blended during the past year to drag down the industrial numbers, which long have been the county’s bread and butter.
82. Shelby County’s Commercial Sales on Decline
- Friday, May 30, 2008
It took a pair of West Coast companies to give Memphis’ commercial real estate a shot in the arm in April – Tacoma, Wash.-based Gintz Group sold a 172-unit Midtown apartment complex at 1550 North Parkway to Newport Beach, Calif.-based Nationwide Health Properties Inc. for $19.5 million.
83. New Facility Boosts Wolf River’s Medical Appeal
- Tuesday, May 27, 2008
In the span of one week last October, Cypress Realty Holdings Co. bought a pair of commercial lots on Wolf River Boulevard in Germantown for $3.9 million and promptly began construction of a Class A medical office building.
84. Lawsuits Active, Multiplying Against Morgan Keegan
- Monday, April 28, 2008
At 5 p.m. Feb. 18, an attorney-client meeting was called to order at the Poplar Avenue law offices of Apperson Crump & Maxwell PLC.
In attendance was a group of about 10 people. It included at least four lawyers, Regions Morgan Keegan mutual fund shareholders and representatives of other shareholders who were not present. The first item of business: mapping out the next few steps in a complex securities class action suit filed on behalf of those shareholders against the Memphis-based Morgan Keegan brokerage firm.
85. Spiegel to Begin Work Friday as CEO At Methodist University Hospital
- Wednesday, March 12, 2008
Kevin M. Spiegel Friday will begin work as chief executive officer and administrator of Methodist University Hospital.
Spiegel is board-certified in health care administration and is a fellow in the American College of Health Care Executives. He previously served as president and chief operating officer of Trumbull Memorial Hospital in Warren, Ohio.
86. Shoemaker Financial's Allen Earns Circle of Excellence
- Wednesday, February 13, 2008
Frank Allen, a certified financial planner and financial adviser with Shoemaker Financial, has achieved the Circle of Excellence award from Securian Financial Services for his performance in 2007.
87. Picking Up the Pieces
- Monday, February 11, 2008
The industrial real estate market was thrown into a tizzy last week when Tuesday night's fierce storm whipped through the multitude of warehouses and distribution centers in Southeast Memphis and left destruction in its path.
88. Commercial Real Estate Could Weather Economic Storm
- Monday, January 07, 2008
Memphis is among the few cities whose commercial real estate market should remain stable in 2008 amid a sluggish U.S. economy, according to a report released last week by Santa Ana, Calif.-based Grubb & Ellis Co.
89. Commercial Sales See 26% Rise Over Last Year
- Thursday, August 23, 2007
Large real estate deals tend to garner recognition with their high-dollar price tags and high-volume portfolios. But it's the untold small- and medium-sized transactions that help keep a market healthy and vital.
90. Archived Article
- Tuesday, June 26, 2007
5539 Elvis Presley Blvd.
Memphis, TN 38116
Sale Amount: $3.1 million
Sale Date: June 8, 2007
Buyer: ArciTerra DG Memphis TN LLC
91. Sitting Pretty
- Thursday, June 21, 2007
For anyone who can't see how important FedEx is to Memphis' economy, Wyatt Aiken, senior vice president of Commercial Advisors LLC, paints the following picture:
"If Memphis wasn't a great distribution hub, FedEx wouldn't be here," he said, "and if FedEx wasn't here, we'd be Little Rock."
92. Commercial Investors Continue Spending Megabucks In Memphis
- Tuesday, May 08, 2007
Out-of-towners visit Memphis daily to spend money in the city's hotels, restaurants and shops. They come to see ducks at The Peabody Hotel, stroll Beale Street and pay homage to Elvis Presley with a trip to Graceland.
93. MHA Cranks Up Redevelopment Efforts Citywide
- Tuesday, April 03, 2007
The Chicago neighborhood of Marty Boscaccy's youth was a vibrant place, where commercial and residential developments were interwoven.
"You'd go to a busy street and you'd have Rocky's drugstore on the corner, but there would be flats above it where people lived," he said. "They call that 'New Urbanism,' but it's actually the way cities all over the country were developed."
94. Barrow Named Chef de Cuisine At Capriccio Grill
- Wednesday, March 14, 2007
The Peabody Hotel has named Brian Barrow chef de cuisine for Capriccio Grill, an Italian steakhouse. Barrow began his culinary career at 27. He attended Johnson & Wales University's College of Culinary Arts in Miami. He previously was a chef at the Ambassador Hotel in Fort Lauderdale, Fla., and with Do & Co International Catering.
95. FBI Special Agent Harrison Named PRSA Communicator of the Year
- Wednesday, January 17, 2007
My Harrison has been named the 2006 PRSA Communicator of the Year by the Memphis chapter of the Public Relations Society of America (PRSA). She is a special agent for the Federal Bureau of Investigation (FBI) in charge of the Memphis field office. Since her arrival in Memphis two years ago, she has supervised a number of high-profile federal investigations, including "Operation Tennessee Waltz," "Operation Tarnished Blue" and "Operation Main Street Sweeper."
96. Oak Hall Purchase BringsBuilding, Land Under Same Owners
- Wednesday, December 20, 2006
Oak Hall, a five-story, 91,000-square-foot office building at 555 Perkins Road Extended, has been transferred to a new ownership group, marking the first time the building and the land have been under the same ownership.
97. Commercial Advisors' Jensen Voted Commercial Broker of the Year
- Wednesday, April 12, 2006
Larry Jensen has received the 2005 Pinnacle Award for Commercial Broker of the Year from the Memphis Area Association of Realtors' Commercial Council. Jensen is president and CEO of Commercial Advisors LLC. He has more than 30 years of experience in real estate.
98. Memphis Area Legal Services Board Elects Matthews as VP
- Wednesday, March 29, 2006
The Memphis Area Legal Services' board of directors has elected Antonio "Toney" Matthews to serve as its vice president. Matthews is an attorney with Baker, Donelson, Bearman, Caldwell & Berkowitz PC and is a member of the Defense Research Institute, the Tennessee Defense Lawyers Association and the Tennessee Board of Professional Responsibility Hearing Committee.
99. Gilbert Puts Passion into Practice at Harris Shelton Hanover Walsh
- Thursday, March 09, 2006
Allison T. Gilbert, who recently became a member of Harris Shelton Hanover Walsh PLLC's East Memphis office, concentrates her practice in commercial and industrial real estate and related areas.
Gilbert is a member of the Association of Women Attorneys and serves on the board of directors for Ronald McDonald House, a home away from home for 51 families with children who are receiving cancer treatment at St. Jude Children's Research Hospital.
100. Memphis Industrial Market Begins to Rebound
- Tuesday, September 20, 2005
Optimism and recovery are key words for Memphis' industrial real estate market, with vacancies on the decline and a healthy level of new product being delivered in the market.
"The overall national economy has finally turned the corner," said Jim Mercer, executive vice president of industrial services with the Memphis office of CB Richard Ellis. "We feel momentum will continue through the end of this year."