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Editorial Results (free)

1. Nordstrom Rack Files $1.5M Permit for Memphis Store -

4572 Poplar Ave.

Memphis, TN 38117

Permit Amount: $1.5 million

Project Cost: $25.2 million

Application Date: December 2016

2. Germantown Park Offices Sell for Nearly $48 Million -

A large office park near the intersection of Germantown Parkway and Walnut Grove Road in Cordova has been sold for nearly $50 million.

New York-based DRA Advisors LLC, acting as DRA CRT Germantown Center LP, sold six parcels to Real Capital Solutions, acting as EAT-1615 LLC, for $47.8 million.

3. Germantown Park Offices Sell for Nearly $48 Million -

A large office park near the intersection of Germantown Parkway and Walnut Grove Road in Cordova has been sold for nearly $48 million.

New York-based DRA Advisors LLC, acting as DRA CRT Germantown Center LP, sold six parcels to Real Capital Solutions, acting as EAT-1615 LLC, for $47.8 million.

4. Midtown Retail Property Sells for $5 Million -

1625 Poplar Avenue

Memphis, TN 38104 

Sale Amount: $5 million

Sale Date: Dec. 21, 2016

5. Large Deals, Office Construction Among Memphis' Commercial Real Estate Trends -

Coming off of a strong year in 2015, the commercial real estate market in the Memphis metropolitan area continued to do well in 2016.

Larry Jensen, president and CEO of Cushman & Wakefield/Commercial Advisors, said his company was tracking approximately 6 million square feet of net absorption in the industrial market headed into the last week of 2016, as compared to 8.4 million in 2015.

6. Cordova’s Future LA Fitness Site Sells for $2.4M -

LA Fitness is one step closer to opening a Cordova location.

Insomnia Inc., the company owned by former topless-club operator Steve Cooper, sold two parcels near its former restaurant/nightclub on Fischer Steel Road to Orlando, Florida-based National Retail Properties Inc. for $2.4 million, according to a Dec. 20 warranty deed. The same day as the sale, Fitness International LLC, an affiliate of L.A. Fitness International LLC, signed a lease with National Retail Properties for the property.

7. Developer Buys Former Merle Norman Warehouse -

3670 S. Perkins Road

Memphis, TN 38118

Sale Amount: $1.3 million

Sale Date: December 2016

Buyer: Farnsworth Investment Co.

8. Village Shops of Forest Hill Sells for $37.1 Million -

A 360,000-square-foot commercial retail center in Germantown recently was purchased by Epic Real Estate Partners acting as EREP Forest Hill I LLC for $37.1 million.

9. December 16-22, 2016: This week in Memphis history -

2015: A record high temperature of 70 degrees at Memphis, according to the National Weather Service. The 70-degree mark ties a record for the date set in 1982.

2011: On the front page of The Daily News, the Memphis City Council approves a planned development for the south side of Madison Avenue in Overton Square, including a new $16 million public parking garage to be built by the city. The garage is eligible for public funding because it is to include a water detention basin in its base that alleviates a chronic flooding problem in the area, which includes Lick Creek. Loeb Properties Inc. has a contract with the Colorado company that owns the entertainment district and the contract runs out at the end of 2011. A Loeb plan to make a supermarket the anchor of a revitalized square has fallen through and Loeb is now envisioning Overton Square as a theater district with a $19.2 million investment by Loeb in the area.

10. Village Shops of Forest Hill Sold for $37.1 Million -

9155 U.S. Highway 72

Germantown, TN 38138

Sale Amount: $37.1 million 

Sale Date: December 2016

11. Avison Young Names Director Of Property Management -

Avison Young has named Tim Norwood the new director of property management for its Memphis office, the Toronto, Canada-based commercial real estate services firm announced Monday, Dec. 12.

12. Village Shops of Forest Hill Sold for $37.1 Million -

A 360,000-square-foot commercial retail center in Germantown was recently purchased by Epic Real Estate Partners acting as EREP Forest Hill I LLC for $37.1 million.

13. Evolving PILOT Programs in Memphis Look to Restore Competitive Balance -

When the Memphis-Shelby County Economic Development Growth Engine approved its Fast Track payment-in-lieu-of-taxes (PILOT) program earlier this year, it was with the hopes of bringing back a competitive balance between Memphis and North Mississippi.

14. Two Hotel Projects Top Council Agenda -

Two Downtown hotels top a planning and development-heavy agenda for the Tuesday, Dec. 2, session of the Memphis City Council.

The council votes on a special use permit for a 68-room luxury hotel at 477 S. Main St., in a building that until recently had been a graduate school for the Memphis College of Art.

15. MAA Closes Merger With Post Properties -

Memphis-based real estate investment trust MAA has completed its $4 billion merger with rival Post Properties Inc., creating a combined company with an equity market capitalization of about $11 billion and overall market cap of $15 billion.

16. Last Word: Fire Recovery, Justice Department Work Begins and Rocky Top Angst -

The death toll in the East Tennessee wildfires goes to 10 Thursday as the recovery effort moves beyond a search for those missing. The count of buildings burned in Sevier County is estimated at more than 700 – 300 just in Gatlinburg. And 47 people are injured by the latest count. The count of those who died in the fires includes confirmation that Jon and Janet Summer of Memphis are among the dead recovered so far.

17. MAA Closes Merger With Post Properties -

Memphis-based real estate investment trust MAA has completed its $4 billion merger with rival Post Properties Inc., creating a combined company with an equity market capitalization of about $11 billion and overall market cap of $15 billion.

18. Three CRE Firms Join to Improve Connectivity at Busy Poplar Corridor -

Three Memphis real estate companies with significant assets in the Poplar Avenue/Ridgeway Road area are making plans to improve connectivity and walkability there.

Boyle Investment Co., Highwoods Properties Inc. and Loeb Properties Inc. are forming the Shady Grove/Ridgeway Business Owners Association (BOA), an advocacy organization focused on pedestrian/streetscape enhancements for the East Memphis business district, particularly at Poplar and South Shady Grove Road.

19. Jernigan Capital to Invest $12.6M in Florida Facilities -

Jernigan Capital Inc. is investing $12.6 million in two storage facilities in Florida, the Memphis-based real estate investment trust has announced.

20. Morris Auction Group Adds New Services in Destin, Fla. -

Six months after Memphis-based Morris Auction Group expanded into Destin, Florida, the company is expanding the scope of its services there.

Morris’ Destin branch, Luxury Estates Auction Co., has added a new arm focused on traditional real estate services. Called Luxury Estates Realty Group, the arm will focus on showcasing and selling high net worth properties in the Destin/30A area and the Northwest Florida region.

21. Jernigan Capital to Invest $12.6M in Florida Facilities -

Jernigan Capital Inc. is investing $12.6 million in two storage facilities in Florida, the Memphis-based real estate investment trust has announced.

22. Morris Auction Group Adds New Services in Destin, Fla. -

Six months after Memphis-based Morris Auction Group expanded into Destin, Florida, the company is expanding the scope of its services there.

Morris’ Destin branch, Luxury Estates Auction Co., has added a new arm focused on traditional real estate services. Called Luxury Estates Realty Group, the arm will focus on showcasing and selling high net worth properties in the Destin/30A area and the Northwest Florida region.

23. Gill Seeks $25 Million Permit For New MAA Headquarters -

6815 U.S. 72

Germantown, TN 38138

Permit Amount: $25 million

Future Tenant: MAA

24. Gill Seeks $25M Permit For Future MAA Headquarters -

The future home of Memphis-based MAA has taken another step forward.

Developer Gill Properties, working as Gill Poplar GP, has applied for a $25 million building permit for a five-story office building and five-story parking garage – two main components of the $90 million TraVure development in Germantown’s western gateway.

25. Gill Seeks $25M Permit for Future MAA Headquarters -

The future home of Memphis-based MAA has taken another step forward.

Developer Gill Properties, working as Gill Poplar GP, has applied for a $25 million building permit for a five-story office building and five-story parking garage – two main components of the $90 million TraVure development in Germantown’s western gateway.

26. St. Jude Planning Renovation Of Tri Delta Place -

350 N. Third St.

Memphis, TN 38105

Permit Amount: $3.5 million

Application Date: November 2016

27. Auto Safety Supplier Autoliv Moves Into Memphis -

Autoliv, the world’s largest auto safety supplier, has signed a lease to move into a 157,366-square-foot distribution facility in Olive Branch, Mississippi.

Hillwood Investment Properties announced the lease Monday, Nov. 14.

28. Developer Wins Approval For Downtown Aloft Hotel -

Mississippi-based Vibrant Hotels Inc. is one step closer to developing a new full-scale hotel in the heart of Downtown Memphis after its special use permit was approved by the Land Use Control Board Thursday, Nov. 10.

29. Downtown May Get New 12-Story Boutique Hotel -

A plan to redevelop the former Tenoke Building into a hotel may be revived several years after a similar idea for the vacant Downtown office high-rise fell through.

Vibrant Hotels Inc., an affiliate of Batesville, Mississippi-based development company JVD Enterprises, is seeking a special use permit that would allow the conversion of the century-old Tenoke, located at 161 Jefferson Ave., and the adjacent one-story office at 191 Jefferson Ave. into an “upper-brand franchised full-service hotel,” according to an application filed with the city-county Office of Planning and Development in August.

30. MAA Q3 Earnings Reflect Merger Costs -

Memphis-based Mid-America Apartment Communities Inc. reported third quarter net income of $84.3 million, down from the $91.7 million reported by the real estate investment trust a year ago.

31. EdR Reports $3.5M Loss For Third Quarter -

Memphis-based EdR recorded a net loss of $3.5 million, or 5 cents per share, in the third quarter, the real estate investment trust reported Oct. 31. That compares to a net loss of $4.7 million, or 10 cents per share, during the same period a year ago.

32. EdR Reports $3.5M Loss For Third Quarter -

Memphis-based EdR recorded a net loss of $3.5 million, or 5 cents per share, in the third quarter, the real estate investment trust reported Monday, Oct. 31. That compares to a net loss of $4.7 million or 10 cents per share, during the same period a year ago.

33. MAA Q3 Earnings Reflect Merger Costs -

Memphis-based MAA (formerly Mid-America Apartment Communities Inc.) reported third-quarter net income of $84.3 million, down from the $91.7 million reported by the real estate investment trust a year ago.

34. Local Multifamily Market Continues To Log Higher Sales, Strong Demand -

Multifamily real estate sales have been strong in Memphis for a couple of years, and the 41 transactions posted in the third quarter mark the most recorded in a quarter in two years.

“The multifamily market continues to be very strong and has been the strongest real estate sector for the past several years,” said Mark Fogelman, president of Memphis-based Fogelman Management Group, a national multifamily property management company.

35. Industrial Real Estate Competition Heats Up Between DeSoto, Marshall -

A North Mississippi industrial park more than 10 years in the making is reaching the finish line. By next May, Hillwood Investment Co. will wrap construction on a 947,000-square-foot warehouse on the final parcel in the DeSoto Trade Center.

36. Real Estate Awakening -

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.

37. $92M Graceland Hotel Expected to Be a Catalyst for Whitehaven -

The Heartbreak Hotel on Elvis Presley Boulevard was full Wednesday, Oct. 26 – its final night as a hotel.

By the time the $92 million, 450-room Guest House at Graceland resort opened across the boulevard Thursday morning, many of the doors at the Heartbreak Hotel were missing their room numbers – taken as souvenirs by guests who filled the circa-1980s hotel in its final days.

38. With MAA, TraVure Is Gateway To Germantown -

The developer of Germantown’s mixed-use TraVure project is anxious to start work on the development’s centerpiece, a five-story Class A office building that now has an anchor tenant for most of the space – the headquarters of Memphis-based MAA, or Mid-America Apartment Communities Inc.

39. Germantown PILOT for MAA Headquarters Move to TraVure Approved -

Memphis-based Mid-America Apartments LP has won approval from Germantown leaders of financial incentives for a new headquarters in the TraVure development in Germantown.

40. Germantown PILOT for MAA Headquarters Move to TraVure Approved -

Memphis-based Mid-America Apartments LP has won approval from Germantown leaders of financial incentives for a new headquarters in the TraVure development in Germantown.

41. Big River -

Jim Jackson had it planned. At the third annual Arkansas Delta Flatlander bicycle ride, the 100-kilometer bike ride would become what it was intended to be – a ride across the Mississippi River from West Memphis to Memphis across the northern side of the Harahan Bridge.

42. Last Word: Memphis-Temple, Southwest's Remake and Death Penalty Arguments -

Memphis 34 –Temple 27 Thursday evening at the Liberty Bowl and on ESPN. Whatever happened during halftime, the Tigers were a very different team from the first half when they emerged.

43. Skilled Nursing Facility In Bartlett Sells for $13 Million -

1150 Dovecrest Road

Bartlett, TN 38134

Sale Amount: $13 million

Sale Date: Sept. 30, 2016

44. East Memphis Office Changes Hands for $2.4M -

An East Memphis office building has sold for $2.4 million to a local investment group.

BC Commercial Properties LLC, which is managed by Bridge Capital Asset Management LLC, purchased the office building at 1669 Kirby Parkway from Kirby Parkway Building Partnership in a Sept. 30 warranty deed.

45. BBB Issues Warning About Memphis Company -

The Better Business Bureau has issued a consumer warning about Woods Enterprise LLC, a Memphis-based company that buys and sells investment properties.

46. Private Equity Firm Pays $13M for Retirement Community -

950 Cherry Road

Memphis, TN 38117

Sale Amount: $13 million

Sale Date: Sept. 7, 2016

47. Memphis Drawing More Out-of-Town Retailers -

Second- and third-tier retail markets are seeing a resurgence nationally, and Memphis’ own economic recovery is garnering attention from out-of-town retailers.

Among the higher-end retailers preparing for their first local store are Ikea, which is set to open in the next few months, and Trader Joe’s and Nordstrom Rack, both of which are in their early stages and are expected to open by the end of 2017.

48. Enoble Business Capital Offices Sell in Foreclosure -

813 Ridge Lake Blvd.

Memphis, TN 38120

Sale Amount: $9.6 million

Sale Date: Aug. 31, 2016

Buyer: Merchants Capital Real Estate LLC

49. Last Word: Hyde Lake, Global Ministries Exits and Another Big 12 Rumor -

A big day at Shelby Farms Park Thursday as the Heart of the Park renovations were formally opened. And it was also a cause to look back on where the park has come from.

50. Global Ministries Plans to Sell Its Subsidized Housing Portfolio -

Memphis-based Global Ministries Foundation is getting out of the federally subsidized housing game with a move to sell all of its Memphis properties and about half of its nationwide portfolio, which includes complexes in eight states.

51. Nonconnah Center Sale Could Boost Market -

In what is sure to be one of the top commercial real estate transactions of the year, the majority of the 1.2 million-square-foot Nonconnah Corporate Center has sold. ReMark Trust, an out-of-town investment group, purchased the property for $57 million.

52. Much of Nonconnah Park Sells for $57 Million -

The majority of the Nonconnah Corporate Center has sold for $57 million.

New York-based Hampshire Properties, acting as Nonconnah Holdings LLC, sold the entirety of its portfolio at the Memphis International Airport-area office park.

53. Bike Share Attractive for Developers, Tenants -

On both sides of the spectrum, real estate developers and tenants are attracted to bike share because proximity to the rental bikes makes areas attractive.

Developer Billy Orgel said he’s interested in securing a bike station to serve the four residential buildings, office users and 358-space parking garage at his planned Brewery District Downtown.

54. Last Word: Mike McLean's Campaign, Jimmy Carter and Beyond Disparity Studies -

Mike McLean is running one heckuva campaign for Clerk of the Courts. Some of you are thinking, “Why haven’t I heard of that position before?” “Who is the incumbent?”

55. MAA to Pay $4 Billion For REIT Post Properties -

Memphis-based MAA will purchase Atlanta-based Post Properties Inc. for $4 billion, creating the largest publicly traded real estate investment trust by number of owned apartments. The combined company will have an expected value of $17 billion with an equity market capitalization of $12 billion.

56. Last Word: Malco in South Main, Suburban Deadline and Chiwawa -

The Malco movie theater in South Main is to begin construction in September, the latest piece of the Central Station development where construction of apartment units on the Front Street side of the property has been underway for some time.

57. Largest Multifamily Sale Takes Place for $39.1M -

8285 Irene Blvd.
Memphis 38125

Sale Amount: $39.1 million

Sale Date: Aug. 5, 2016

Buyer: WDC Greens Investment LLC and MEM Greens at Irene LLC

58. Last Word: Graceland's Important Day, MAA's $4 Billion Buy and Hotel Napoleon -

Before the rain did its thing Monday night at Graceland, the latest Black Lives Matter movement protest was a fact at Graceland’s annual candlelight vigil.

Some tension and lots of noise on the line at Elvis Presley and Craft where police stopped those whom they identified as protesters. And more than a few allegations of racial profiling by police.

59. MAA to Acquire Post Properties for $4 Billion -

Memphis-based MAA will purchase Atlanta-based Post Properties Inc. for $4 billion, creating the largest publicly traded real estate investment trust by number of owned apartments. The combined company will have an expected value of $17 billion with an equity market capitalization of $12 billion.

60. Shelby County Foreclosures Remain at Historic Lows -

Over the last several years foreclosure activity in Memphis and Shelby County has reached historic lows. Year to date, foreclosures are down 23 percent from the same period of 2015.

The number of homes in foreclosure inventory, properties that have been foreclosed but not yet resold by the bank, has fallen drastically. At the end of 2008, there were 3,925 homes in foreclosure inventory; at the end of July, there were 2,070, a decrease of 47 percent.

61. EdR Reports $17.6M Net Income for Q2 -

Memphis-based EdR saw a dramatic increase in its second-quarter net income, reaching $17.6 million, or 26 cents per share, in the quarter ended June 30. That compares with net income of $2.9 million, or 6 cents per share, a year ago, the company said when it reported earnings Monday, Aug. 1.

62. EdR Reports $17.6M Net Income for Q2 -

Memphis-based EdR saw a dramatic increase in its second-quarter net income, reaching $17.6 million, or 26 cents per share, in the quarter ended June 30. That compares with net income of $2.9 million, or 6 cents per share, a year ago, the company said when it reported earnings Monday, Aug. 1.

63. Pinnacle Financial to Anchor Boyle’s Building -

Pinnacle Financial Partners will be an anchor tenant in Boyle Investment Co.’s long-awaited office building in Ridgeway Center.

64. Pinnacle Financial Anchor Tenant in Boyle's New Office Building -

Pinnacle Financial Partners will be an anchor tenant in Boyle Investment Co.’s long-awaited office building in Ridgeway Center.

65. RVC Outdoor Destinations Helps Honeybees -

RVC Outdoor Destinations is making an investment in one of America’s most important natural resources: honeybees.

The company is installing honeybee hives at its outdoor resort properties nationwide in an effort to slow the disastrous effects of colony collapse disorder.

66. Bank Building Set To Become Boutique Hotel -

158 Madison Ave.
Memphis, TN 38103

Sale Amount: $1.1 million

Sale Date: June 13, 2016

Buyer: Wessman Holdings

67. New Center to Capitalize on Strong Retail Demand -

The shopping center at 6450 Poplar Ave. is fully constructed with tenants opening as soon as next month.

68. Madison Hotel Sells to Chicago-Based Hotel Group -

79 Madison Ave.

Memphis, TN 38103

Sale Date: June 21 

Buyer: 79 Madison Avenue LLC

69. Chamber Names Simmons Director of Public Policy -

Haley Simmons has joined the Greater Memphis Chamber as the director of public policy, a new position in the chamber’s community development department. In this role, Simmons will be focused on enhancing the chamber’s advocacy efforts to inform and engage its members on important policy issues, and he’ll also be responsible for growing the chamber’s role in education initiatives.

70. Nordstrom Rack-Anchored Center Gets $15.5M Construction -

4572 Poplar Ave.
Memphis, TN 38117

Permit Amount: $10.5 million

Project Cost: $15.5 million

Completion: Fall 2017

71. MAA Still Entertaining Headquarters Options -

Memphis-based MAA is a year into its search for a new headquarters, and the company is moving closer to plans for a newly constructed building.

The real estate investment trust, which focuses on multifamily properties, first announced the move last summer. MAA is currently housed in nearly 43,000 square feet at 6584 Poplar Ave. in East Memphis. It is looking for an 80,000-square-foot space, with room to grow, to house its 200 local employees.

72. Available Class-A Office Space Scarce in Memphis -

ServiceMaster is looking to relocate its headquarters into a Class A office building, and Memphis just doesn’t have room.

“For the past two years, we’ve been using those phrases,” said Ron Kastner, senior vice president with CBRE.

73. Global Ministries Continues to Take More Heat -

The receiver for the Warren and Tulane Apartments is in place with the notice filed in Memphis federal court last week that Foresite Realty Management LLC had accepted the job and that its bonding is in place.

74. One Family -

An unprecedented private investment aims to restore a commercial heart to the Soulsville USA neighborhood, where a pair of sprawling buildings take up nearly a full block across from the Stax Museum of American Soul Music. It isn’t an eyesore, but inactivity within those walls has been a drag on the community.

75. Court Appoints Receiver for Warren, Tulane Apartments -

The Tulane and Warren apartments are under the control of a court-appointed receiver.

U.S. District Judge Jon P. McCalla appointed Foresite Realty Management LLC of Rosemont, Ill., as the receiver of the two properties Tuesday, May 17, by a consent order.

76. Receiver Appointed for Warren and Tulane Apartments -

The Tulane and Warren Apartments are under the control of a court-appointed receiver.

U.S. District Judge Jon P. McCalla appointed Foresite Realty Management LLC of Rosemont, Illinois as the receiver of the two properties Tuesday, May 17, by a consent order.

77. Memphis Remains a Hot Market for Investors -

Local rental housing continues to be a popular buy for real estate investors. In the first quarter of 2016, 1,017 rental homes were purchased in Memphis and Shelby County, accounting for 30 percent of all home sales, according to data from Chandler Reports, a division of The Daily News Publishing Co.

78. 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.

79. Last Word: Budget-Mania, TNReady's Backstory and Slow Down Millenial Investors -

The Overton Park Greensward controversy moves back to City Hall Tuesday as the council talks over an ordinance that sets further in stone the council’s decision in March to give the Memphis Zoo control of two-thirds of the greensward.

80. 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.

81. Before Successes, Loeb Started from Zero – Twice -

Barreling down Madison Avenue in a black corduroy blazer and a pert, pink pocket square, Bob Loeb seems distracted. Then I realize: he’s editing. Move that tree, put a mural there. Tear that down, build that up.

82. 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.

83. United Housing Gets $1.1M Boost From Banks -

United Housing Inc. has gotten a boost from area financial institutions in recent days to the tune of $1.1 million.

84. 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

85. Cleaning House -

Every neighborhood in Memphis and Shelby County has the right to be free from the negative effects of vacant, abandoned and blighted properties. That’s the battle cry of the Memphis Blight Elimination Charter, a 23-page pledge that will steer policy and programs dedicated to blight eradication.

86. Roadmap to Attacking Blight Awaits City and County Approval -

Blighted properties, overgrown lots and abandoned buildings are not unique to Memphis. But Memphis is the only city with a blight elimination charter that affirms cross-sector commitment to uproot the causes of blight and prevent further decline.

87. Blight Fight Touts New Pathway, Partnerships -

The local effort to fight blight has been in recent years a machete-like action to cut through bureaucratic red tape and get possession of the most blighted properties.

So there have been a lot of press conferences where bulldozers are featured prominently to demolish the targeted property.

88. Ulta to Join Nordstrom Rack in Poplar Commons Retail Center -

Ulta Beauty will be a neighbor of Nordstrom Rack in the upcoming Poplar Commons shopping center, set to open in the fall of 2017.

This will be the third Ulta store in the Memphis market and the first in the East Memphis submarket.

89. Nordstrom Will Lure More Class A Retailers to Memphis -

Nordstrom Rack is just the tip of the Class A iceberg. At least three more best-in-class retailers are headed for the newly-built East Memphis shopping center, and the fate of the Wolfchase Galleria Sears is to be decided.

90. Best-in-Class Retailers to Join Nordstrom Rack in East Memphis -

Nordstrom Rack is just the tip of the Class A iceberg. At least three more best-in-class retailers are headed for the newly built East Memphis shopping center, and the fate of the Wolfchase Galleria Sears is to be decided.

91. 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.

92. Fogelman Management Group Adds 2,200 Apartment Units -

Fogelman Management Group, a Memphis-based property management and investment group, has added 2,200 apartment units across eight properties to its portfolio.

The newly managed buildings in Florida, Texas and Georgia bring Fogelman Management Group’s portfolio to 21,000 units valued at $2 billion. Those properties are located in 25 cities in the Southeast, Southwest and Midwest.

93. 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

94. 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.

95. Cates Wants Detail on Downtown Agreements -

From Mud Island River Park across the Memphis harbor to The Pyramid and further east to St. Jude Children’s Research Hospital – there are a lot of connections as the areas head toward a new incarnation.

96. Collaborative Aims to Enhance Memphis Medical District -

In 2016, the Memphis Medical Center will see $1.8 million in upgrades and enhancements aimed at creating a unified, livable district. That’s the annual budget for the newly established Medical District Collaborative, a nonprofit entity made up of the area’s stakeholders and executives.

97. 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

98. 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:

99. 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:

100. 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