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1. Memphis MSA Industrial Sector Has A Strong First Quarter After Record 2015 -

The Memphis MSA industrial sector had a strong first quarter after a record-breaking year in 2015.

Last year saw a record absorption rate of 8.4 million square feet, which is 2 million square feet higher than 2006’s pre-recession levels.

2. RegionSmart Details How to Prevent Erosion of Talent, Population -

During his three terms as mayor of Pittsburgh, Tom Murphy had to assume a great deal of risk in transforming the city’s economy from an industrial to an entrepreneurial base.

3. Moving Dirt -

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.

4. Lawmakers Lure Us In With Momentary Sanity, And Then... -

Just when it appears the Tennessee Senate is made up of sensible people – as evidenced by the killing of de-annexation legislation – the body is changing course with a Bible-thumping measure.

5. ALSAC Buys Warehouse For $6 Million -

483 Manassas St.
Memphis, TN 38105

Sale Amount: $6 million

Sale Date: March 17, 2016

Buyer: ALSAC

Seller: Michael Nussbaum and Joyce Nussbaum

6. Memphis Fights Back: Senate Poised To Do Real Damage via De-Annexation -

Memphis Mayor Jim Strickland makes a persuasive argument against de-annexation legislation now being considered by the state Legislature, providing a long list of figures to show it would devastate the Bluff City.

7. Over $20M in Construction Headed to Brewery District -

495 Tennessee St.
Memphis, TN 38103

Permit Amount: $18.8 million

Owner: 495 Tennessee LLC

Tenant: Brewery Master Tenant

8. Airport-Area Industrial Sells for $1.2 Million -

1525 Three Place, 3365-3378 One Place
Memphis, TN 38116

Sale Amount: $1.2 million

Buyer: Gregory Realty

Seller: One Place Associates

9. Airport-Area Industrial Sells for $1.2 Million -

A local investor has purchased four industrial buildings near Memphis International Airport. Gregory Realty bought 1525 Three Place and 3365-3378 One Place, totaling 85,631 square feet, from One Place Associates for $1.2 million.

10. Numbers Show Memphis’ Commercial Real Estate Market Stable in 2015 -

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.

11. Work Begins On Brewery Development -

502 Tennessee St.
Memphis, TN 38103

Permit Amount: $4.5 million

Application Date: Feb. 18, 2016

Tenant: Brewery Master Tenant LLC

Architect: LRK Architects

Contractor: Montgomery Martin Contractors

12. Orleans at Walnut Grove Sells for $29.2 Million -

317 Royal Chartres Square E.
Cordova, TN 38018

Sale Amount: $29.2 million

Sale Date: Feb. 4, 2016

Buyer: PC Orleans LLC

13. New Numbers: Memphis Industrial Market Breaks Records -

The Memphis industrial sector had a banner year in 2015. According to year-end data from Cushman & Wakefield/Commercial Advisors, last year’s absorption level came in at 8.4 million square feet, 2 million square feet higher than 2006’s pre-recession levels and a record for the market.

14. Save-A-Lot to Anchor New Sam Cooper Shopping Center -

Southeast Corner of Sam Cooper
Boulevard and Tillman Street
Memphis, TN 38104

Tenant: Save-A-Lot

Size: 16,300 square feet

Tenant’s Agent: Frank Dyer, Loeb Realty Group

15. ProLogis Sells 90M Square Feet of Property -

ProLogis has unloaded nearly 90 million square feet of its industrial holdings in six separate deals.

ProLogis, working under a number of affiliated names, sold multiple properties – including two warehouses housing Cummins Inc.’s distributions operations – to Exeter Property Group, according to warranty deeds signed Dec. 29. They include:

16. ProLogis Sells 90 Million Square Feet of Property -

ProLogis has unloaded nearly 90 million square feet of its industrial holdings in six separate deals.

ProLogis, working under a number of affiliated names, sold multiple properties – including two warehouses housing Cummins Inc.’s distributions operations – to Exeter Property Group, according to warranty deeds signed Dec. 29. They include:

17. Last Word: Kroger Disses Clarence Saunders, Mud Island Plans and The Australians -

What is old has become new again. And judging by your reaction to Andy Meek’s story on the Kroger plans for online ordering of groceries, what is old has gone viral as well.
Here are the basics:
You order from a list of items and Kroger fills the order and has it waiting for you to pick up.
When you think about the idea of supermarkets, which originated here in Memphis with Piggly Wiggly, it’s enough to make the Piggly Wiggly founder himself, Clarence Saunders, spin in his grave.
Before he came up with the idea of taking store shelves from behind the counter and putting them out there for you to get your own stuff from them, you would tell your grocer what you wanted and he would write it down on a paper bag and get it for you, wrap it up and present it to you.
Saunders changed all of that as you know if you’ve seen the Pink Palace’s child-sized replica of a Piggly Wiggly store from the start of the 20th century.
A century later, no paper bags and you can still walk among the shelves if you wish.
Perhaps this isn’t that extreme. Maybe this is simply a swing of the pendulum, back toward the middle ground.
Saunders tried to push it even further with his Keedoozle stores that followed Piggly Wiggly. In those stores, the items were lined up in what amounted to vending machines with shoppers releasing an item from the vertical row with a key.
Here Saunders went too far. He mashed the bread.

18. Belz Sells Linden Camilla Towers for $14.4 Million -

256 S. Camilla Street
Memphis, TN 38104

Sale Amount: $14.4 million

Sale Date: Dec. 6, 2015

19. International Real Estate Firms Find Purchase Potential in Memphis -

International investors and developers are increasingly looking to Memphis because the market is stable and the returns are high, according to a variety of real estate professionals doing business locally.

20. Exeter Property Group Transfers 13 Properties -

Exeter Property Group has sold 13 Memphis industrial properties for a combined $143.3 million – all part of the massive deal in which Exeter sold its U.S. industrial portfolio for $3.2 billion.

21. Olymbec Compiling Airport-Area Office Park -

Olymbec USA LLC is gaining critical mass near Memphis International Airport with the planned purchase of a 133,600-square-foot office building at 2600 Nonconnah Blvd.

22. Exeter Property Group Transfers 13 Properties -

Exeter Property Group has sold 13 Memphis industrial properties for a combined $143.3 million – all part of the massive deal in which Exeter sold its U.S. industrial portfolio for $3.2 billion.

23. Hughes Promoted at Harris Shelton -

Brett Hughes has been promoted to managing member at Harris Shelton Hanover Walsh PLLC law firm. In his new role, Hughes will provide managerial support to the firm’s three offices. His primary responsibility will be to manage the firm’s administration and committees, particularly on issues that impact client service, as well as the morale, compensation, growth and development of the firm.

24. Collierville Assisted Living Facility Sells for $17 Million -

601 Wolf River Blvd.
Collierville, TN 38017

Sale Amount: $17 million

Sale Date: Dec. 29, 2015

25. Pilot Distribution Center Sells for $11.9 Million -

The 605,000-square-foot Pilot Distribution Center in Southeast Memphis has sold for $11.9 million.

Sealy Strategic Equity Partners LP, working as Sealy Pilot LLC, purchased the industrial warehouse at 4221 Pilot Drive from Pilot Distribution Center Inc. on Dec. 22, according to a warranty deed.

26. Pilot Distribution Center Sells for $11.9 Million -

The 605,000-square-foot Pilot Distribution Center in Southeast Memphis has sold for $11.9 million.

Sealy Strategic Equity Partners LP, working as Sealy Pilot LLC, purchased the industrial warehouse at 4221 Pilot Drive from Pilot Distribution Center Inc. on Dec. 22, according to a warranty deed.

27. Mall of Memphis Property Bought by Trucking Company -

113-Acre Former
Mall of Memphis Site
Sale Amount: $3.9 million

Sale Date: Dec. 29, 2015
Buyer: TAG Real Estate Holdings LLC
Seller: Memphis Industrial Properties LLC (Johnson Development Associates Inc.)
Loan Amount: $23 million
Loan Date: Dec. 29, 2015
Lender: Mercedes-Benz Financial Services USA LLC
Details: The 113-acre former Mall of Memphis property has a new owner. TAG Real Estate Holdings, an affiliate of Memphis-based TAG Truck Enterprises LLC, paid $3.9 million, or $34,513 an acre, to buy the property from Johnson Development Associates Inc., acting as Memphis Industrial Properties LLC.

28. Mall of Memphis Land Sold to Trucking Company -

The development company that wanted to build a speculative industrial park on the former Mall of Memphis site has sold the property instead.

Johnson Development Associates, Inc., acting as Memphis Industrial Properties, LLC, has unloaded the Mall of Memphis land in a Dec. 29 warranty deed.

29. LEDIC’s High-Tech HQ To Be LEED Certified -

LEDIC’s new East Memphis headquarters will aim for a LEED-certified silver status and bring high-speed fiber optic Internet to the area, according to documents recently submitted to the Memphis-Shelby County Economic Development Growth Engine.

30. Minglewood Hall, 1884 Lounge Sell for $2.7 Million -

1553 Madison Ave.
Memphis, TN 38104

Sale Amount: $2.7 million

Sale Date: Oct. 9, 2015

31. Office, Industrial Real Estate Enjoy Strong Third Quarter -

Memphis’ industrial and office sectors are seeing healthy activity, and some areas are experiencing record fundamentals.

At the Crescent Center building in East Memphis, prices per square foot have reached $30.50, a level that hasn’t been seen before in the Memphis market.

32. State Systems Inc. Buys New HQ -

One of the Economic Development Growth Engine’s latest payment-in-lieu-of-taxes recipients is expanding its market footprint and real estate holdings with the recent purchase of seven Memphis properties.

33. Trinity Ridge Business Center Sells for $16M -

7730, 7740, 7750, 7760, 7866 Trinity Road
Cordova, TN 38018
Sale Amount: $16 million

34. Developer Long on Downtown Memphis, Short on Specifics -

Three Downtown properties are now owned by an Atlanta-based affiliate of an Australian real estate investment and development company, which is giving little in the way of clues about its Memphis plans.

35. Belz Sells Champion Hills Office Building for $7.8M -

3725 Champion Hills Drive
Memphis, TN 38125
Sale Amount: $7.8 million

Sale Date: Oct. 8, 2015
Buyer: Champion Hills Realty Holdings LLC
Seller: Belz Investco GP
Loan Amount: $5.5 million
Loan Date: Oct. 5, 2015
Lender: C-III Commercial Mortgage LLC
Details: Belz Enterprises made another big real estate deal on the tail of its recent announcement to redevelop the corner of McLean Boulevard and Union Avenue into a mixed-use development.

36. Collierville Sites Being Groomed to Attract Industrial Development -

Cartwright Farms in the Collierville Commerce Center is a 165-acre lot well positioned for new industrial activity.

It has the infrastructure and utilities capability. It is served by U.S. 72, which just underwent a $20 million five-lane expansion. It’s shovel-ready. It’s one of the largest pieces of Collierville’s 500 acres zoned industrial. All it needs is a little statewide attention.

37. Two Warehouses Acquired in Major National Deal -

Denver-based Northstar Commercial Partners, a privately held commercial real estate investment company, purchased two warehouse storage facilities in south Memphis for $5.2 million, according to a special warranty deed signed Sept. 29.

38. Two Warehouses Acquired In Major National Deal -

Denver-based Northstar Commercial Partners, a privately held commercial real estate investment company, purchased two warehouse storage facilities in south Memphis for $5.2 million, according to a special warranty deed signed Sept. 29.

39. Memphis College Prep Renovating Former Dunn Avenue Elementary -

1500 Dunn Ave.
Memphis, TN 38106

Permit Amount: $1.4 million

Application Date: Sept. 30

40. Developers Officially Pull Out of Mall of Memphis Project -

Developers of the former Mall of Memphis site said the fate of their proposed 1.1 million-square-foot industrial park couldn’t wait another month, and now they’re likely taking the property to sale.

41. Developers Pull Out of Mall of Memphis Project -

Developers of the former Mall of Memphis site said the fate of their proposed 1.1 million-square-foot industrial park couldn't wait another month, and now they're likely taking the property to sale.

42. Tax Incentive Changes Causing Headaches for Memphis Mayoral Candidates -

The four major candidates for Memphis mayor all have some version of the same basic answer to questions about tax incentives for economic development.

The answer: Tax incentives, and particularly payment-in-lieu-of-taxes incentives, are not the best way to grow the city’s economy and perhaps should be examined and changed. All four agree that they can’t be done away with entirely, even though the candidates’ opinions on potential changes differ.

43. Developers Threaten to Pull Out of Mall of Memphis Site -

Developers of the former Mall of Memphis site were again delayed as the board of the Economic Development Growth Engine tabled a vote on a payment-in-lieu-of-taxes benefit for the speculative industrial site.

44. Problem Properties -

Memphis has a crippling issue with blight, and one nonprofit is front and center with changing the culture that led to the city’s inundation of abandoned properties and lots.

Neighborhood Preservation Inc. was founded in 2012 as a court-appointed receiver of properties taken away from neglectful owners. Over the years, it has evolved to become a robust advocate for stronger legislation and development tools to deal with problem properties.

45. Onyx Equities Expands Operations to Memphis -

A New Jersey-based real estate investment, management and development firm has added a Memphis office to accommodate its growing management portfolio of real estate owned (REO) and receivership properties.

46. Onyx Equities Expands Operations to Memphis -

A New Jersey-based real estate investment, management and development firm has added a Memphis office to accommodate its growing management portfolio of real estate owned (REO) and receivership properties.

47. $9.5 Million Permit Filed For Downtown Hotel -

310 Union Ave.
Memphis, TN 38103

Permit Cost: $9.5 million

Permit Date: Applied August 2015

48. The Shops of Collierville Sells for $7.4 Million -

Mount Pleasant, S.C.-based Ziff Properties Inc. has acquired The Shops of Collierville for $7.4 million, according to a special warranty deed filed Aug. 3.

49. The Shops of Collierville Sells for $7.4 Million -

Mount Pleasant, S.C.-based Ziff Properties Inc. has acquired The Shops of Collierville for $7.4 million, according to a special warranty deed filed Aug. 3.

50. West-Ward Pharmaceutical Plans Distribution Center Expansion -

4750 Pleasant Hill Road
Memphis, TN 38116
Loan Amount: $6.1 million

51. 'En Fuego' -

When Southaven Mayor Darren Musselwhite took office in June 2013, one of the first tasks that landed on his desk was a long-planned regional outlet mall.

The outlet mall, planned for a roughly 33-acre site at Church Road and Interstate 55 in the DeSoto County city, had been on the drawing board for some time, but the recession and its aftermath caused developers and Mississippi officials to put it on hold.

52. Warehouse At Perimeter Point Sells for $775,000 -

A Perimeter Point industrial building has been sold for $775,000.

Missouri-based Martabra Real Estate LLC acquired the flex warehouse building at 5055 Covington Way, just off Covington Pike south of Elmore Road, from CP Perimeter Point LLC, an affiliate of California-based Coastal Partners LLC.

53. Wonder Bread Bakery Under Contract -

The former Wonder Bread bakery at 400 Monroe Ave. could soon have a new owner.

The bakery, idled by a labor strike before being sold in 2013, is under contract to a potential buyer, according to a commercial real estate broker.

54. Graceland Hotel Developers File $84 Million Construction Loan -

3600 Elvis Presley Blvd.
Memphis, TN 38116
Loan Amount: $84 million

55. 100 N. Main Keeps Power On for Another Month -

The head of the Downtown Memphis Commission says the skyscraper at 100 N. Main St. suffers from “weak” ownership and that the building would probably be better off with a new, deep-pocketed owner.

56. Developer Arranging Financing for 100 North Main -

The owner of the skyscraper at 100 N. Main St. is closing in on a financing package to redevelop the building and will pay his utility bill as soon as the deal is complete, according to a review of public records.

57. Dayco Wins Tax Break For Distribution Operations -

Michigan-based manufacturer Dayco Products Ltd. will consolidate its distribution operations in the Memphis area, but exactly where remains undecided.

“Due to the continued growth in demand for our products and increased product complexity over the past several years, we have committed to this significant capital investment in order to deliver increased value to our customers,” said Ed Rammel, president of the North American and Australian Aftermarket for Dayco, in a company statement.

58. Hillwood Pays $17.7 Million for FedEx SupplyChain Facility -

5050 E. Holmes Road and 0 Lamar Ave.
Memphis, TN 38118
Sale Amount: $17.7 million

59. Memphis' Tallest Building Faces June 24 Utility Cutoff -

The owner of the skyscraper at 100 N. Main St., the city’s tallest office building, has two weeks to pay the delinquent balance on the Memphis Light, Gas and Water Division bill before utilities will be disconnected, a move that would catch a popular Downtown restaurant in the crossfire, according to a an executive at the publicly owned utility.

60. REIT Acquires Three Hotels for $39.6 Million -

7905 Giacosa Place, 5320 Poplar Ave. and 7855 Wolf River Boulevard
Memphis, TN
Sale Amount: $39.6 million

61. Pinnacle Awards Honor Commercial Real Estate Standouts -

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.

62. Orion Acquires Medical Center Property for New Branch -

821 Poplar Ave.
Memphis, TN 38105
Sale Amount: $1.3 million

Sale Date: March 20, 2015
Buyer: Orion Federal Credit Union
Seller: Georgia Commercial Stores Inc.
Details: Orion Federal Credit Union has acquired a key piece of Memphis Medical Center real estate for a new branch.

63. Memphis Officials Target High-Cost Markets for Office Jobs -

On a recent trip to New York City to meet with site selection consultants, national headhunters and corporate executives, Greater Memphis Chamber officials and prominent Memphis business operators wined and dined the assembled crowd and touted the benefits of locating office operations in the Memphis area, a city and region in dire need of white-collar jobs.

64. Building Boom -

With the greater Memphis area slower to recover from the recession and economic downturn than other parts of the country, frustrated local general contractors watched in 2012 and 2013 as firms across the country participated in what appeared to be a robust national economic rebound.

65. MRG Enjoys Flurry of Leasing Activity -

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

66. Co-Branded Hilton to Rise in Germantown -

The first major mixed-use development in Germantown’s western gateway zone is moving forward and will include the first co-branded hotel in the Memphis area.

Developer Ray Gill of Gill Properties is moving forward with plans to build a development that includes office, retail and hotel space on the 10-acre site in Germantown that formerly housed the Nelson-Kirby Farm House.

67. Commercial Advisors Asset Services Sees Strong Growth -

Kemp Conrad joined the asset services team at Cushman & Wakefield/Commercial Advisors in 2007 after CB Richard Ellis acquired his former employer, Trammel Crow Co.

68. Real Estate Pros Upbeat -

After finally latching on to the broader national economic recovery in 2013, the Memphis-area commercial real estate market shook of the last vestiges of the Great Recession and roared back to life in 2014 with the office, retail, industrial and apartment sectors all producing solid gains.

69. Loeb Properties Targets Broad Avenue -

Memphis-based Loeb Properties will help revitalize another core city neighborhood. Fresh off redeveloping Overton Square and currently involved in the Highland Strip, Loeb has set its sights on Broad Avenue.

70. Plans Emerge for Universal Life Building -

In major Downtown news, the on-again, off-again redevelopment of the Universal Life Insurance Co. building Downtown appears to be on.

71. The Preserve at Southwind Sells for $28 Million -

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.

72. Memphis Industrial Market Rebounds in 2014 -

The upswing in the industrial real estate sector that started in 2012 and gained momentum in 2013 continued in 2014 and the Memphis market, fueled by several large transactions late in the year, should top 2013's level of around 3.2 million square feet of absorption.

73. REIT Sells Three Memphis Properties for $7.2 Million -

A Texas-based real estate investment trust has sold three Memphis properties for $7.2 million.

Cobalt Industrial REIT II, an affiliate of Cobalt Capital Partners, has sold the properties at 4366, 4406 and 4436 Malone Road to Colfin Cobalt I-II Owner LLC, an affiliate of Santa Monica, Calif.-based Colony Financial Inc., according to a Dec. 18 special warranty deed.

74. REIT Buys Distribution Center for $14.5 Million -

A large distribution center in Southeast Memphis has traded hands for $14.5 million, and it’s another out-of-state real estate investment trust doing the buying.

Crown Memphis Associates LLC sold the distribution center at 4836 Hickory Hill Road to SIR Properties Trust, an affiliate of Massachusetts-based Select Income REIT, according to a Dec. 23 warranty deed. Select Income REIT primarily owns properties that are net leased to single tenants. Around 35 percent of SIR’s rents are from land the company owns in Hawaii that is under long term lease to clients with the remaining revenues coming from single-tenant office and industrial properties across the U.S.

75. REIT Buys Distribution Center for $14.5 Million -

A large distribution center in Southeast Memphis has traded hands for $14.5 million, and it’s another out-of-state real estate investment trust doing the buying.

Crown Memphis Associates LLC sold the distribution center at 4836 Hickory Hill Road to SIR Properties Trust, an affiliate of Massachusetts-based Select Income REIT, according to a Dec. 23 warranty deed. Select Income REIT primarily owns properties that are net leased to single tenants. Around 35 percent of SIR’s rents are from land the company owns in Hawaii that is under long term lease to clients with the remaining revenues coming from single-tenant office and industrial properties across the U.S.

76. Big Deals Highlight 2014 Real Estate -

In Inked, we like to highlight local real estate transactions and the often-interesting companies leasing or buying commercial real estate space in the Memphis market. We also like to keep you informed about major deals before they happen and track companies that are critical to the local economy. Here are some important items that appeared in Inked in 2014.

77. REIT Sells Three Memphis Properties for $7.2 Million -

A Texas-based real estate investment trust has sold three Memphis properties for $7.2 million.

Cobalt Industrial REIT II, an affiliate of Cobalt Capital Partners, has sold the properties at 4366, 4406 and 4436 Malone Road to Colfin Cobalt I-II Owner LLC, an affiliate of Santa Monica, Calif.-based Colony Financial Inc., according to a Dec. 18 special warranty deed.

78. Fogelman Affiliate Files Loan on Former Cozymel’s Site -

6450 Poplar Ave.
Memphis, TN 38119
Loan Amount: $6.1 million

Loan Date: Dec. 17, 2014
Maturity Date: Jan. 1, 2023
Borrower: Crown Centre LLC
Lender: Financial Federal Bank
Details: A company affiliated with Robert F. Fogelman II has filed a loan on a key piece of East Memphis land.

79. Memphis Resolutions -

The end of the year hastens a season of resolutions about the year ahead, resolutions about what to include on the blank canvas of a new year.

No matter who you are, the road to 2015 starts at the same place – through the experience of 2014. With that in mind, we surveyed many of the people we’ve covered in these pages in the last year to talk about the possibilities ahead.

80. Grassroots Growth -

In 2007, Greg Spillyards was part of a team at CB Richard Ellis Memphis tasked with reviving the dog-eared Bellbrook Industrial Park.

The project struck close to Spillyards’ heart.

Born in Pine Bluff Ark., and raised in Memphis, Spillyards originally entered the world of commercial real estate to help transform communities from the ground up, the kind of effort that restoring Bellbrook would take.

81. 26 Industrial Properties Facing Foreclosure -

The company that purchased Farnsworth Investment Co.’s industrial portfolio in 2005 has defaulted on a $69 million loan, and now 26 of its properties are facing foreclosure, according to a first-run foreclosure notice in the Friday, Dec. 12, edition of The Daily News.

82. 26 Industrial Properties Facing Foreclosure -

The company that purchased Farnsworth Investment Co.’s industrial portfolio in 2005 has defaulted on a $69 million loan, and now 26 of its properties are facing foreclosure, according to a first-run foreclosure notice in the Friday, Dec. 12, edition of The Daily News.

83. Shelby County Commercial Sales Dip in October -

Shelby County recorded 90 commercial sales in October, down 4 percent from 94 commercial sales recorded in October 2013, according to real estate information company Chandler Reports, www.chandlerreports.com.

84. Anixter Moving Memphis Distribution Operations -

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.

85. This week in Memphis history: November 28-December 4 -

2006: Memphis Mayor Willie Herenton and former heavyweight boxing champion Joe Frazier boxed at the Peabody Hotel in an exhibition for the Shelby County Drug Court.

86. Makowsky Ringel Greenberg Still Going Strong -

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

87. Hillwood to Launch Two Spec Buildings in DeSoto County -

A Texas-based development firm will start turning dirt soon on a massive new business park in DeSoto County.

Hillwood Investment Properties is expected to begin site work in around 30 days on Legacy Park, a 266-acre distribution and business park on the south side of Goodman Road, just east of Hacks Cross Road near Polk Lane.

88. Overton Square Highlights Commercial Real Estate Positives -

The old owners of Overton Square had a plan to remove existing local tenants and retailers and replace them with national retailers.

They succeeded in emptying Overton Square of tenants, but couldn’t attract new national retailers, leaving what was left to twist in the wind.

89. Commercial Sales Rise in Third Quarter -

Commercial sales were up in the third quarter when compared to the same period last year, according to real estate information company Chandler Reports, www.chandlerreports.com.

90. Events -

Cannon Wright Blount will present “Getting Started With QuickBooks: Learn from the Experts” Thursday, Nov. 6, from 9:30 a.m. to 11:30 a.m. in its boardroom, 756 Ridge Lake Blvd., suite 100. Cost is $75. Register at cannonwrightblount.com/resources or call 685-7500.

91. Events -

The Booksellers at Laurelwood will host Ally Condie, author of “Atlantia,” for a discussion and book signing Wednesday, Nov. 5, at 6:30 p.m. at the bookstore, 387 Perkins Road Extended. Visit thebooksellersatlaurelwood.com.

92. Events -

Memphis Reads, the citywide community reading program, will host Dinaw Mengestu, author of Memphis Reads selection “The Beautiful Things That Heaven Bears” Tuesday, Nov. 4, for a reading at 5:30 p.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave. Mengestu will also speak at 8 p.m. at the University Theater on the Christian Brothers University campus, 650 East Parkway S. Both events are free. Visit cbu.edu.

93. Midtown Success Highlights Commercial Real Estate Growth -

Loeb Properties Inc. plans to build on the momentum it has created at Overton Square while turning its attention to other parts of Midtown.

94. Events -

Memphis Reads, the citywide community reading program, will host Dinaw Mengestu, author of Memphis Reads selection “The Beautiful Things That Heaven Bears” Tuesday, Nov. 4, for a reading at 5:30 p.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave. Mengestu will also speak at 8 p.m. at the University Theater on the Christian Brothers University campus, 650 East Parkway S. Both events are free. Visit cbu.edu.

95. Events -

Memphis Reads, the citywide community reading program, will host Dinaw Mengestu, author of Memphis Reads selection “The Beautiful Things That Heaven Bears” Tuesday, Nov. 4, for a reading at 5:30 p.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave. Mengestu will also speak at 8 p.m. at the University Theater on the Christian Brothers University campus, 650 East Parkway S. Both events are free. Visit cbu.edu.

96. Turner Looks to Increase Professional Advancement in Commercial Real Estate -

Bob Turner has a diverse background in real estate, including long stints in both residential and commercial development.

97. Real Estate Rally -

Commercial real estate can offer insight into the strength of the local economy. Through the office, retail, industrial and apartment developments that mark the region the economy at work in the real world can be seen.

98. Mixed-Use Project Looms for Former Lakeland Mall -

Get used to the name Lake District. You’ll probably be hearing more about it in the near future. Lake District is the new name for the revamped project being planned at the old Lakeland Factory Outlet Mall site.

99. CWCapital Sheds Willow Lake Buildings -

3900, 4100 Willow Lake Blvd.
Memphis, TN 38118
Sale Amount: $1.9 million

100. Willow Lake Sales Positive News For The Market -

The sale this week of five properties inside Willow Lake Business Park and Corporate Park for $4.2 million was welcome news for several reasons.

For one, true owners tend to take much better care of properties and market them more aggressively than special servicers like Bethesda, Md.-based CWCapital Asset Management.