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. 

2. 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

3. 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. 

4. Memphis Experts See Economic Growth Building Off 2017 Into 2018 - Saturday, January 6, 2018

With resolutions made and the new year now, another annual exercise rises to the forefront – predictions on what Memphis and its economy can expect in 2018.

If 2017 taught us anything, it’s that there’s so much we won’t be able to even remotely see coming, from Memphis bidding to become the potential home for Amazon’s second headquarters to action finally being taken on the Confederate monuments in city parks and so much more.

5. Cooper-Young Historic District, Shelby Farms Mixed-Use Project Approved by LUCB - Friday, December 15, 2017

During its last meeting of 2017, The Shelby County Land Use Control Board tackled a particularity large slate of notable projects, including a massive $142 million mixed-use development on the outskirts of Shelby Farms and the fate of Cooper-Young’s Landmarks status.

6. Piece by Piece: Construction Projects Flourishing Throughout Mid-South - Saturday, December 9, 2017

With $11 billion spread out among more than 300 active projects in the Memphis area, according to data from brokerage firm Cushman & Wakefield/Commercial Advisors, it’s safe to say business in the region is good.

7. Fully Loaded - Saturday, July 29, 2017

It’s almost like the first half of 2017 was a decade in the making, at least when it comes to commercial real estate. Throughout all four major sectors of the Memphis-area commercial real estate market – industrial, office, retail and multifamily – figures are consistently reaching or exceeding pre-recession marks.

8. Council OKs Multifamily Project Near Overton Park - Thursday, July 27, 2017

The key element in selling the Overton Gateway project compromise to Midtown homeowners turned out to have little to do with the height of the apartment buildings or the number of parking spaces.

The mixed residential development by Makowsky Ringel Greenberg LLC at Sam Cooper Boulevard and East Parkway drew the concern of a lot of Midtown neighborhoods with historic status because its apartment buildings exceed the guidelines of the Lea’s Woods historic area on the eastern edge of Overton Park.

9. Overton Gateway Compromise Approved By Council - Wednesday, July 26, 2017

Memphis City Council members approved the Overton Gateway mixed residential development Tuesday, July 25 in a pair of unanimous votes – one for the plans on the north side of Sam Cooper Boulevard at East Parkway and the other for the plans on the south side of Sam Cooper at East Parkway.

10. Overton Gateway Compromise Approved By Council - Wednesday, July 26, 2017

Memphis City Council members approved the Overton Gateway mixed residential development Tuesday, July 25 in a pair of unanimous votes – one for the plans on the north side of Sam Cooper Boulevard at East Parkway and the other for the plans on the south side of Sam Cooper at East Parkway.

11. Council Vote Puts Overton Gateway Compromise To Test - Tuesday, July 25, 2017

Memphis City Council members will put a tentative compromise on the proposed Overton Gateway development to the test Tuesday, July 25.

The council is scheduled to vote on the multifamily apartment project to be built by Makowsky Ringel Greenberg that encompasses both sides of Sam Cooper Boulevard at East Parkway.

12. MRG, Thomas & Betts Receive Tax Incentives - Friday, July 21, 2017

Makowsky Ringel Greenberg and Thomas & Betts were both awarded tax incentives to advance their respective projects by the Economic Development Growth Engine for Memphis and Shelby County on Wednesday, July 19.

13. Madison @ McLean Project Awarded 14-Year Tax Abatement - Thursday, July 20, 2017

Local multifamily development group Makowsky Ringel Greenberg has been awarded a 14-year tax abatement to construct a 132,477-square-foot, 108-unit apartment complex in Midtown Memphis.

Named Madison @ McLean after the eponymous Midtown intersection it will reside on, the $14 million project is the first ever recipient of a Residential PILOT (payment-in-lieu-of-taxes), incentive, which was created earlier this year by the Economic Development Growth Engine for Memphis and Shelby County.

14. MRG Seeking Incentives For Midtown Project - Tuesday, July 18, 2017

After reaching a settlement with nearby neighbors on an unrelated Midtown multifamily project, developer Makowsky Ringel Greenberg has submitted a request for tax abatement on another ambitious project.

15. Overton Gateway Developers, Neighbors Reach Tentative Compromise - Friday, July 14, 2017

It may have taken the mediation of a Memphis City Council member and two hours of negotiation, but representatives from a local development group and a coalition of concerned Midtown residents were able to reach a tentative compromise on the fate of a massive project at the doorstep of Overton Park.

16. Council Takes Up Sanitation Worker Benefits - Tuesday, July 11, 2017

Memphis City Council members vote Tuesday, July 11, on grants of $50,000 each for the 14 surviving city sanitation workers from the 1968 strike along with a supplemental retirement plan for sanitation workers hired after the strike.

17. Hernando Ice Cream Parlor Preparing Crosstown Location - Thursday, June 15, 2017

1350 Concourse Ave.

Memphis, TN 38104

Permit Amount: $80,000

Application Date: June 2017

18. MRG’s Overton Gateway Rejected by Land Use Board - Saturday, June 10, 2017

The Overton Park Gateway, a multifamily development proposed by Makowsky Ringel Greenberg LLC, was rejected by the Land Use Control Board Thursday, June 8.

19. Golden India Seeks New Location Near Square - Friday, June 9, 2017

The owners of Golden India restaurant in Overton Square want to move from their Madison Avenue storefront of 20 years to the site of a circa-1912 duplex on North Cooper Street where they intend to build a new restaurant.

20. Overton Gateway Multifamily Project Rejected by Land Use Board - Thursday, June 8, 2017

The Overton Gateway, a proposed multifamily development planned by Makowsky Ringel Greenberg LLC, has been rejected by the Land Use Control Board at its Thursday, June 8, meeting.

A sizable crowd of Lea’s Woods residents and representatives from various Midtown neighborhood associations showed up to the meeting to voice their opposition. Chief among their complaints were issues with parking and building heights.

21. Jerry’s Sno Cones Files Permit for Cordova Shop - Thursday, June 8, 2017

In this week’s Real Estate Recap, one of the most iconic dessert spots in Memphis gets ready to expand, Crosstown Concourse is getting ready for its official grand opening and FedEx Ground upgrades its diesel facility...

22. MRG Wraps Up Renovations At Strafford Place Apts. - Wednesday, June 7, 2017

Makowsky Ringel Greenberg LLC has finished renovating 36 apartment units in its Midtown apartment complex, Strafford Place.

23. MRG Reshapes Overton Gateway Plan, Residents Still Not Happy - Thursday, April 27, 2017

A revised multifamily development planned by Makowsky Ringel Greenberg LLC that reduces the number of apartment units and adds amenities that would better connect the project with the neighborhood still didn’t get positive reviews from residents.

24. Events - Wednesday, April 26, 2017

SRVS and West Tennessee disability services providers will host an Employment and Community First services career fair Wednesday, April 26, from 9 a.m. to 2 p.m. in the Lipscomb & Pitts Building first-floor conference center, 2670 Union Ave. Staff will be conducting on-site interviews and hiring support staff and job coaches for ECF Services. Email kytrinia.miller@srvs.org for details.

25. Last Word: The Overton Park Split, Democrats Help The Gas Tax Bill and LaVar Ball - Thursday, March 23, 2017

The city's tallest building, the fenced-off, derelict, 38-story 100 N. Main Building, cited in the past by fire officials for code violations including fire alarms that don't work -- had a small fire Wednesday 34 floors up.

26. Midtown Residents Bemoan MRG Multifamily Plan - Thursday, March 23, 2017

A nearly century-old neighborhood that was torn in two when Interstate 40 came crashing to a halt at the doorstep of Overton Park is now again on the precipice of change.

Dubbed the Overton Gateway, Makowsky Ringel Greenberg’s plans for a proposed multifamily development at the confluence of Sam Cooper Boulevard and East Parkway received a cold reception from residents of the surrounding Lea’s Woods neighborhood Tuesday evening, March 21.

27. Last Word: Lakeland Date Set, Silos in South Main and Trespassing in Apartments - Thursday, March 16, 2017

Here comes the Governor’s race with Randy Boyd doing the honors here in Memphis Wednesday at the top of the second day of his fly-around. Boyd’s opening sounds very much like he is running as the heir apparent to Gov. Bill Haslam – although there are no heirs in politics, at least not without an election. He talked a lot about hitting workforce development and job goals of the Haslam administration if he is elected Governor in 2018.

28. Real Estate Awakening - Saturday, October 29, 2016

The year’s biggest office deal didn’t affect Memphis’ office absorption at all, but everyone in real estate has felt its reverberations.

When ServiceMaster Global Holdings announced its move to the shuttered Peabody Place Mall from Ridge Lake office park, it promised new life for a 328,000-square-foot black hole in Downtown’s retail market.

29. Nearly 300 New Apartment Units Headed to McLean Boulevard Intersections - Monday, October 10, 2016

Two projects planned a block apart from each other will flood the Midtown market with luxury rental units.

The area hasn’t seen new multifamily construction since The Bristol went up in 2004. Since that time, renewed interest in the urban core and high-profile projects like Overton Square have prepared Midtown for top-dollar rents.

30. Artspace Locks in Rents in Hot Area - Monday, October 3, 2016

A Downtown apartment complex will lock in affordable rents in one of Memphis’ most expensive areas. The South Main Artspace Lofts saw a formal groundbreaking Thursday, Sept. 29, at the giant United Warehouse building at 138 St. Paul Ave., tucked off of South Main.

31. Moving Dirt - Saturday, April 9, 2016

The Memphis development community is looking inward and upward to increase density in the urban core. New construction is happening across all four commercial real estate sectors, with long-anticipated projects like Trader Joe’s and the redevelopment of Central Station finally coming to fruition. Construction and operating costs continue to be a challenge as new projects hit the top of their class to command higher rents.

32. Midtown Memphis Ready for Apartment Building Boom - Friday, February 5, 2016

It’s been more than a decade since new apartments were built in Midtown, and that’s poised to change in a big way with a wave of new multifamily construction stretching from Binghampton to Crosstown.

33. Holiday Inn Express Ready To Rise Near Graceland - Tuesday, December 15, 2015

3411 Elvis Presley Blvd.
Memphis, TN 38116

Loan Amount: $4.8 million

34. Jeff Johnson Leases Midtown Restaurant Space - Saturday, December 12, 2015

Jeff Johnson, the restaurateur behind Local, Oshi Burger Bar and Agave Maria, is bringing a new concept to a Midtown restaurant space.

Jeff Johnson Restaurant Group last month signed a 2,212-square-foot lease at 1545 Overton Park Ave. The property most recently housed the Evergreen Grill. Carson Claybrook, vice president of Cushman & Wakefield/Commercial Advisors, represented the tenant.

35. Jeff Johnson Leases Midtown Restaurant Space - Friday, December 11, 2015

Jeff Johnson, the restaurateur behind Local, Oshi Burger Bar and Agave Maria, is bringing a new concept to a Midtown restaurant space.

Jeff Johnson Restaurant Group last month signed a 2,212-square-foot lease at 1545 Overton Park Ave. The property most recently housed the Evergreen Grill. Carson Claybrook, vice president of Cushman & Wakefield/Commercial Advisors, represented the tenant.

36. 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.

37. Crosstown Developer: Complicated Projects Can Be Transformative - Monday, November 9, 2015

The Memphis-area commercial real estate market continues to trend upward, industry leaders say. All asset classes are trending toward pre-Recession levels, and Memphis is taking on more complicated projects like the Crosstown Concourse redevelopment.

38. McLean Wilson To Address Crosstown’s Resurgence - Monday, October 19, 2015

Four years ago, the Sears Crosstown building started on a complete transformation into becoming a vertical urban village as Crosstown Concourse. It hasn’t been an easy journey for McLean Wilson, leader of the abandoned building’s $200 million redevelopment, but it’s one that has the potential to uplift other disinvested areas in Memphis commercial real estate.

39. Memphis Multifamily Action Gets Second-Quarter Boost - Monday, September 21, 2015

Multifamily fundamentals were strong for the second quarter of 2015 as Downtown and Collierville continued to perform well in their new-construction booms.

New construction is ahead compared to second quarter 2014, with 567 units coming online in the Memphis metro area compared to 466 units last year, according to CBRE Memphis’ Multifamily MarketView. By year-end, construction will total 1,280 units.

40. Absolute Recovery Services Enjoys Solid Growth in Short Time - Monday, May 25, 2015

Jason Burnett has worked his way through several different collections firms specializing in everything from retail to bank to medical debt.

41. MRG Enjoys Flurry of Leasing Activity - Friday, March 6, 2015

Memphis-based Makowsky Ringel Greenberg LLC is reporting leasing activity at its retail, office and industrial properties.

42. 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.

43. Lakeland Apartments Sell for $34.7 Million - Saturday, January 17, 2015

An affiliate of a New York-based real estate investment firm has bought the Stonebridge Crossing Apartments in Lakeland for $34.7 million.

Lakeland Apartments TN Associates LLC, which is affiliated with New York-based Somerset Partners LLC, bought the 432-unit apartment community at 9300 U.S. 64 from MRB Stonebridge LP, according to a Jan. 5 special warranty deed. The purchase price breaks down to around $80,324 per unit. The seller, MRB Stonebridge LP, lists the same address as Memphis-based Makowsky Ringel Greenberg LLC.

44. Lakeland Apartments Sell for $34.7 Million - Tuesday, January 13, 2015

An affiliate of a New York-based real estate investment firm has bought the Stonebridge Crossing Apartments in Lakeland for $34.7 million.

Lakeland Apartments TN Associates LLC, which is affiliated with New York-based Somerset Partners LLC, bought the 432-unit apartment community at 9300 U.S. 64 from MRB Stonebridge LP, according to a Jan. 5 special warranty deed. The purchase price breaks down to around $80,324 per unit. The seller, MRB Stonebridge LP, lists the same address as Memphis-based Makowsky Ringel Greenberg LLC.

45. Stonebridge Crossing Sells for $34.7 Million - Monday, January 12, 2015

An affiliate of a New York-based real estate investment firm has bought the Stonebridge Crossing Apartments in Lakeland for $34.7 million.

Lakeland Apartments TN Associates LLC, which is affiliated with New York-based Somerset Partners LLC, bought the 432-unit apartment community at 9300 U.S. 64 from MRB Stonebridge LP, according to a Jan. 5 special warranty deed. The purchase price breaks down to around $80,324 per unit. The seller, MRB Stonebridge LP, lists the same address as Memphis-based Makowsky Ringel Greenberg LLC.

46. Boyle Sees Opportunity in East Memphis - Friday, November 21, 2014

Memphis-based Boyle Investment Co. hopes to break ground next year on a new office building at its Ridgeway Center complex near Poplar Avenue and Shady Grove Road, according to company officials.

47. Makowsky Ringel Greenberg Still Going Strong - Monday, November 17, 2014

In 2008, Memphis-based Makowsky Ringel Greenberg LLC acquired land inside the Schilling Farms community in Collierville for a new high-end apartment development.

48. TGI Fridays Franchisee Buys 3 Local Restaurants - Friday, October 10, 2014

A New Orleans-based restaurant group has acquired three local TGI Fridays restaurants.

Southeast Restaurant Group bought the restaurants at 8325 U.S. 64, 7733 Winchester Road and 176 Goodman Road in Southaven, part of a broader 20-restaurant deal.

49. Methodist Opens Care Clinic in Marion - Monday, October 6, 2014

A subsidiary of Memphis-based Methodist Le Bonheur Healthcare has opened a primary care clinic in Marion, Ark., and officials hope more providers will follow suit to close the gap left by the sudden closure of Crittenden Regional Hospital in West Memphis.

50. Olive Branch Business Park Closer to Development - Friday, October 3, 2014

A Texas-based development firm could start turning dirt soon on a massive new business park in Olive Branch.

Hillwood Investment Properties is expected to close on a land purchase next week that will clear the way for Legacy Park, a 265-acre distribution and business park on the south side of Goodman Road, just east of Hacks Cross Road near Polk Lane.

51. Memphis Multifamily Sector on Firm Ground - Saturday, August 23, 2014

It was 2008 and Memphis-based Makowsky Ringel Greenberg had just acquired a swath of property inside Boyle Investment Co.’s master planned Schilling Farms community in Collierville for a new multifamily development.

52. Edison Apartments Owner Files $2.5 Million Loan - Tuesday, August 5, 2014

The owner of the Edison Apartments along Jefferson Avenue has filed a $2.5 million trust deed for the Downtown property.

Edison Park LP filed the deed of trust, assignment of rents and security agreement July 30 through American Fidelity Assurance Co. Neil E. Ringel signed the trust deed as president of Jan Realty Inc., general partner of Edison Park LP.

53. We’re All Invited - Friday, July 11, 2014

MEMPHIS, SERVED IN THE SHELL. Following up last week’s column, this from a reader:

“We have no civic pride, half the population is intent on killing as many as they can and the other part lives behind walls or gates. There was a time in the fifties when you could leave your front door unlocked and keys in the car.”

54. Back on Track - Thursday, June 19, 2014

Two major Downtown projects that suffered setbacks after the real estate market seized up when the recession battered the economy are poised for a comeback.

Real estate experts and Downtown officials say the prospects for the Horizon on the southern end of Downtown and One Beale at Beale Street and Riverside Drive appear promising.

55. RBCC Law Firm Moving to iBank Tower - Friday, February 14, 2014

The law firm of Rogers, Berry, Chesney & Cannon PLLC, owner of 1713 Kirby Parkway since 2006, recently sold its office building and will relocate to the iBank building on Poplar Avenue in East Memphis.

56. 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.

57. Monticello Apartments Owner Files $9.3 Million Loan - Friday, January 24, 2014

The owner of the 202-unit Monticello apartments at 3250 Kirby Parkway in Hickory Hill has filed a $9.3 million loan on the property.

58. Shopping Center Group Moving to New Office - Friday, December 20, 2013

The Shopping Center Group LLC is moving to a new office.

The Memphis office of the Atlanta-based retail real estate brokerage firm, which leases a total of approximately 4 million square feet of retail space and represents 100 retailers, is moving from 773 E. Brookhaven Circle to 5101 Wheelis Drive, Suite 106, at Clark Centre.

59. MRG Sees Flurry of Activity at Marion Center - Friday, December 13, 2013

In 2008, Memphis-based Makowsky Ringel Greenberg LLC developed The Shops of Angelos Grove retail center in Marion, Ark.

60. BizChair Leases Olive Branch Distribution Space - Friday, December 6, 2013

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.

61. Fresh Market, Whole Foods Seek Approval From Boards - Thursday, November 28, 2013

Two planned high-profile grocery stores will be seeking regulatory approval in the coming weeks.

The Fresh Market is applying for a special-use permit from the Land Use Control Board Dec. 12 to convert the existing Ike’s store on Union Avenue into one of the chains upscale grocery stores.

62. Eviction Notice - Monday, July 22, 2013

Managers of apartment complexes and other rental properties in Shelby County used to have a good grapevine or network when it came to trouble tenants, especially drug dealers, who had been evicted.

63. MRG Breaks Ground on Schilling Farms Apartment Complex - Thursday, June 13, 2013

Memphis-based Makowsky Ringel Greenberg LLC is launching a new apartment community at Schilling Farms.

64. Safeways Crime Program Goes for Long Haul - Wednesday, April 3, 2013

When Pierce Ledbetter, the CEO of LEDIC Management, signed up his company’s Autumn Ridge apartment complex for the federally funded Safeways anti-crime initiative in 2009, he was nervous.

And his apprehension was soon borne out as residents in the crime-ridden apartment complex reacted to the new regime of police cameras and stricter regulations on trespassers and unannounced visitors.

65. Coffee, Beer Bar Coming Downtown - Friday, March 22, 2013

Downtown residents and visitors will soon be able to grab a cup of joe, locally brewed beer and a fresh sandwich or salad in one convenient spot.

Taylor Berger, partner in YoLo Frozen Yogurt & Gelato, and partners Mitch Buckner (of Bella Café in Pink Palace) and Daniel Flanagan (of Chiwawa, the newly opened Southern-inspired eatery near Overton Square) have signed a lease for 2,755 square feet of retail space in the ground floor of Van Vleet Flats, 122 Gayoso Ave.

66. Imre Named Assistant Controller at Makowsky Ringel Greenberg - Wednesday, January 23, 2013

Nancy Imre has joined Makowsky Ringel Greenberg LLC as assistant controller. Imre is responsible for the real estate management company’s accounting department, overseeing investor reporting and preparation of corporate financial statements.

67. Midtown Momentum - Saturday, December 22, 2012

The Midtown real estate market has long been an anomaly compared to its Bluff City counterparts, with fundamentals as diverse as its demographics.

“The types of real estate that you’ll find in Midtown can be some of the most expensive or some of the most modest when it comes to prices and facility,” said Gary Myers of Gary Myers Co. “Retail in particular.”

68. Makowsky Ringel Greenberg Beefs Up Commercial Team - Tuesday, December 18, 2012

Makowsky Ringel Greenberg LLC is sharpening the focus of its commercial real estate division to stabilize its existing portfolio as well as build its third-party brokerage in the Memphis market.

69. Seminar Underscores Commercial Sectors’ Highs, Lows - Monday, November 5, 2012

Memphis’ commercial real estate market for the most part appears to mirror national trends, with all four sectors boasting challenges and bright spots so far this year.

That was a message a room full of real estate professionals received when The Daily News hosted its second annual Commercial Real Estate seminar Thursday, Nov.1, at the Memphis Brooks Museum of Art, sponsored by Magna Bank and Evans Petree PC.

70. Seminar To Tackle Commercial Conditions - Tuesday, October 23, 2012

While many commercial real estate professionals would like to forget about 2011 altogether, celebrating increases in 2012 is necessary for morale.

Shelby County experienced the most second-quarter sales this year since the second quarter of 2008, and the highest quarterly sales revenue since the second quarter of 2007.

71. Kroger Buys Union Space for Expansion - Friday, September 14, 2012

Kroger has acquired the Belvedere Apartments in Midtown as part of a long-term project to reconfigure the grocery store’s antiquated and challenged layout.

Kroger Delta Division closed Wednesday, Sept. 12, on the 10-story apartment high-rise at 1733 Union Ave. from Belvedere Apartment Inc. The sale includes Belvedere’s attached and front parking areas.

72. Literacy Mid-South’s Dean Appointed to State Coalition - Wednesday, June 27, 2012

Kevin Dean, executive director of Literacy Mid-South, has been appointed to the Tennessee Literacy Coalition’s board of directors. The board unanimously approved Dean’s nomination, and he will serve as a representative from West Tennessee for three years.

73. Thorpe Products Inks New Deal On Democrat - Friday, April 6, 2012

Thorpe Products Co. is relocating its Memphis branch location to a site with higher ceiling heights and better proximity to its clients.

74. ‘Modified and Decreased’ - Tuesday, August 23, 2011

The Memphis condominium market is hoping to gain some positive momentum through the rest of this year thanks to historically low interest rates and decreasing condo supply across the city.

Condo sales in the Memphis area in 2011 are down 27 percent compared to 2010, with 310 sales through July this year versus 422 sales in the same time during 2010, according to real estate information company Chandler Reports, www.chandlerreports.com.

75. MRG Bullish On Multifamily Market - Wednesday, August 17, 2011

With pending uncertainty about the housing market, the local multifamily market appears to be staging a healthy comeback.

This year has been especially kind to Makowsky Ringel Greenberg LLC, a 45-year-old commercial real estate firm whose business model is about 80 percent multifamily work.

76. HopeWorks, Businesses Give Hope Through Internships - Thursday, August 11, 2011

A number of local businesses are offering hope to the city’s chronically unemployed in the form of internships that provide real-world, on-the-job training.

The program is coordinated by HopeWorks, a 22-year-old nonprofit, faith-based organization dedicated to helping poor and chronically unemployed Memphians find steady work.

77. 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.

78. Colliers Sells Property to Union Forklift - Friday, October 22, 2010

Colliers International recently sold an 18,750-square-foot building in the Perimeter Point Business Park, 2188 Spicer Cove.

79. MedVet Memphis Builds New Cordova Facility - Tuesday, August 31, 2010

555 Trinity Creek Cove
Cordova, TN 38018
Permit Amount: $3 million

Permit Date: Applied August 2010
Completion: May 2011 (open Summer 2011)
Owner: MedVet Memphis LLC
Tenant: MedVet Memphis LLC
Architect: archimania
Contractor: Grinder, Taber & Grinder Inc.

80. Spottswood Property Sells for $680,000 - Thursday, August 26, 2010

Three addresses on Spottswood Avenue have sold to the same buyer for a total $680,000. University Highlands bought apartment complexes at 3417 and 3443 Spottswood Ave. from InSouth Bank for $640,000 and a house at 3435 Spottswood from Sycamore Bank for $40,000.

81. MAAR Commercial Council Welcomes New Board Members - Monday, August 16, 2010

The Memphis Area Association of Realtors Commercial Council held its annual board of directors meeting Thursday, approving three new members for its 2011 board.

Greg deWitt of Grubb & Ellis Co. will take over one of the council’s director seats next year before becoming the council’s vice president in 2012. He will inherit the seat occupied by John Mercer of Highwoods Properties in 2011.

82. Stratford Place Owner Files $1.4 Million Loan - Tuesday, February 16, 2010

1806 and 2098 Poplar Ave.
Memphis, TN 38104
Loan Amount: $1.4 million

Loan Date: Jan. 26, 2010
Maturity Date: N/A
Borrower: Stratford Place LLC
Lender: Union Central Life Insurance Co.

83. Stratford Place Owner Files $1.4 Million Loan - Tuesday, February 9, 2010

Stratford Place LLC, the owner of the Stratford Place apartments at 1806 Poplar Ave. and the Midtown Place apartments at 2095 Poplar Ave. in Midtown, has filed a $1.4 million deed of trust, security agreement, assignment and rents and fixture filing statement through Union Central Life Insurance Co. on the properties.

84. Louisiana Investor Buys Arlington Retail Center - Tuesday, September 15, 2009

6050 Air Line Road
Arlington, TN 38002
Sale Amount: $1.8 Million

Sale Date: Sept. 2, 2009
Buyer: Southeast Investments LLC
Seller: Pleasant Place LLC, Waymon H. Welch, Danya Welch, Dawn Welch, Jon E. McCreery, Phillip Chamberlain

85. Arlington Center Sells for $1.8 Million - Wednesday, September 9, 2009

Southeast Investments LLC of Slidell, La., has bought a 23,952-square-foot retail center at 6050 Air Line Road in Arlington for $1.8 million in a deed in lieu of foreclosure. The sellers were Pleasant Place LLC, Waymon H. Welch, Danya Welch, Dawn Welch, Jon E. McCreery and Phillip Chamberlain. The sale closed Sept. 2.

86. Pera Appointed Special Adviser For ABA Strategic Communications Committee - Wednesday, September 9, 2009

Lucian Pera of Adams and Reese LLP has been appointed as a special adviser of the American Bar Association’s Standing Committee on Strategic Communications for a one-year term.

87. Multifamily Market Dominated By Foreclosure Sales - Thursday, May 14, 2009

Apartment complexes can be found throughout Memphis, but lately it seems the center of the multifamily world is on the courthouse steps Downtown.

Foreclosure sales have dominated the industry’s activity in Shelby County of late, with the most lucrative deals occurring as trustees’ deeds after the original owner defaults on a property or as bank sales after the lender reclaims and resells the property.

88. Memphis Multifamily Experiences Mixed Results - Monday, February 23, 2009

The Memphis multifamily market is garnering mixed reviews as analysts reflect on a relatively stable 2008 while projecting a potentially turbulent 2009.

Though the apartment sector didn’t fare as poorly as office and retail last year, it did endure a host of downward trends, from occupancy to construction to absorption, according to year-end data from the multifamily division of CB Richard Ellis Memphis.

89. Commercial Real Estate Still Dropping, Stanton Says - Thursday, February 19, 2009

Janice Stanton, managing director of investment research for Cushman & Wakefield in New York, discussed the global financial crisis and how it has impacted commercial real estate at Wednesday’s Commercial Property Forecast Summit, at the Germantown Performing Arts Centre and sponsored by the Memphis Area Association of Realtors Commercial Council.

90. Whitehaven Apartments Sell for $1.3 Million - Tuesday, August 26, 2008

1033 Whitaker Drive
Memphis, TN 38116
Sale Amount: $1.3 Million

Sale Date: July 30, 2008
Buyer: Geoffrey Sinckler
Seller: Whitaker Place Associates
Loan Amount: $1.5 million
Loan Date: July 30, 2008
Maturity Date: Aug. 1, 2011
Lender: Regions Bank

91. OrthoOne Secures Land For New Facility - Tuesday, May 13, 2008

3.57 Acres on Market Center Drive
Collierville, TN 38017
Sale Amount: $914,513

Sale Date: April 25, 2008
Buyer: Attilla Group LLC
Seller: MED-A.R.M. Inc.
Loan Amount: $3.5 million
Loan Date: April 25, 2008
Maturity Date: N/A
Lender: Magna Bank

92. Schilling Farms Land Sells for $2.4M - Wednesday, May 7, 2008

     A group of investors related to Belz Enterprises Inc. and Makowsky Ringel Greenberg LLC has bought 18.31 acres of land in Collierville's Schilling Farms Planned Development for $2.4 million from Colonial Properties LLC.
     The buying entities and their percentage of ownership are Belz Investco GP (50 percent); LMR LP (31.22 percent); LMR V LP (17.78 percent); and MRG LLC (1 percent). The sale closed May 1.
     The property, which is on the north side of Winchester Road near West Schilling Blvd., eventually will be developed into multifamily housing, said Michael Greenberg, CEO of Makowsky Ringel Greenberg.
     "It's premature, although our plan pretty far down the line will be to develop it for apartments," Greenberg said. "The land is vacant and zoned, and we're just now going into the design process, so it will be a while before we submit plans and try to pull permits."
     Despite not being able to pin down a timeline, Greenberg said it made sense to invest in Schilling Farms and Collierville.
     "We think Collierville is a good market," he said.
     Schilling Farms is a $350 million, 443-acre, mixed-use planned development on the western edge of Collierville. It's being developed by Boyle Investment Co.
     The seller, Colonial Properties, bought the land in June 2006 for $2.2 million from Runnels Family Holdings LLC.
     

93. The Laurels' Greenberg Pins Sales Hopes On Insulated Buyers - Thursday, April 17, 2008

Aside from a concrete foundation and the rebar rising from it, there isn't much to see at the fenced-in construction site on the northeast corner of Central Avenue and Highland Street.

But Michael Greenberg clearly envisions the location's finished project - a $13.2 million condominium project called The Laurels.

94. 2007's Top RealtorsHonored by MAAR - Thursday, January 17, 2008
     The Memphis Area Association of Realtors recently handed out awards at its annual gala, including one to John Linthicum of Crye-Leike Inc., who was named 2007 Realtor of the Year. Randy Jefferson of The Hobson Co. Realto

95. Archived Article - Tuesday, November 27, 2007

The Laurels condos at
Highland Street and Central Avenue
Loan Amount: $10.5 million

Loan Date: Nov. 13, 2007

96. MRG Files $10.5M LoanFor The Laurels Condos - Wednesday, November 21, 2007
     Makowsky Ringel Greenberg LLC has filed a construction loan for The Laurels condominiums at Highland Street and Central Avenue, and site work currently is under way.
     MRG, under the name

97. Proposed Apartment Development Draws Opposition from Neighbors - Thursday, November 8, 2007

Makowsky Ringel Greenberg LLC is planning to build a four-story apartment building with a maximum of 202 units and an accompanying parking garage along a tree-lined, residential stretch of Park Avenue.

98. MAAR ElectsBoard of Directors - Tuesday, September 11, 2007
     Members of the Memphis Area Association of Realtors (MAAR) elected five directors to the organization's board at last week's annual meeting.
     The new directors are Bill Maury of Hobson Co

99. Subprime Fallout Could be Boon for Apartments - Tuesday, August 28, 2007

If any industry stands to gain from the subprime lending debacle, in which foreclosures continue to escalate, it's the multifamily market. Because as people lose their homes and look for a place to land, their only option is renting.

100. Multifamily Housing Market Remains Strong, Even With Lower Occupancies - Tuesday, February 27, 2007

Bolstered by a healthy local economy - most notably the area's highest job growth in five years - the Memphis multifamily housing market enjoyed a strong 2006 despite declining occupancy rates.

In other words, a steady new stream of workers kept the demand for apartments high, helping fill Class A and B properties and bumping up overall rental prices.