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Editorial Results (free)

1. Hollywood Feed Promotes Ross To Director of Marketing -

Anne Ross has been promoted to director of marketing at Hollywood Feed. Having been with the Memphis-based natural pet food chain for more than five years, she now oversees all of the company’s marketing and communication efforts throughout the region in its 70 stores.

2. Court Upholds Cutting $150M in Opry Mills Mall Flood Coverage -

NASHVILLE, Tenn. (AP) – In a blow to the owner of Opry Mills Mall, the Tennessee Supreme Court has let stand a lower court's ruling that stripped $150 million of insurance coverage for the 2010 flood.

3. Wolfchase At 20 -

For the shopping mall – that quintessential staple of American retail, the biggest of big boxes, a sprawling, multilevel marvel of commercial magnificence – these are most certainly interesting times.

4. Criswell Take Reins As MAAR Board President -

Tommie Criswell has begun her yearlong tenure as president of the Memphis Area Association of Realtors’ board of directors. Criswell has actively volunteered with MAAR for more than 20 years. At Crye-Leike East Memphis, where she serves as broker/manager, she focuses on residential real estate along with some commercial real estate sales. 

5. Holiday Decision -

In recent years the holiday shopping season has been inching back further and further, with some retailers choosing to give up the tradition of being closed on Thanksgiving. But this year public backlash has reached the top of the retail chain, and some big malls and shopping centers are deciding it’s not worth opening on the national holiday.

6. 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.

7. 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.

8. Del-Nat Sells Warehouse, Newby’s Makes A Comeback -

Del-Nat Tire Co. has unloaded a 500,000-square-foot warehouse in Southwest Memphis.

Sunhill Holdings LLC acquired the warehouse at 2365 Texas Drive for $6 million from Del-Nat Realty.

9. Simon Property Raises Bid for Macerich to $16.8 Billion -

NEW YORK (AP) – Mall operator Simon Property boosted its hostile bid for rival Macerich by 5 percent to $16.8 billion and said it will be its best and final offer.

The proposed deal would combine two of the largest U.S. shopping mall operators.

10. Simon Property Group Launches $16 Billion Hostile Bid for Macerich -

INDIANAPOLIS (AP) – Simon Property Group has launched a $16 billion hostile bid for Macerich Co. after saying its rival refused to discuss a combination of two of the largest U.S. mall operators.

11. Flexing Its Muscles, LA Fitness Eyes Third Store -

LA Fitness is eyeing a property in the heart of East Memphis for its third Memphis-area location.

The California-based fitness center chain is considering opening its third store in the Memphis market at 1285 Ridgeway Road, according to sources.

12. ’Tis the Season -

After the recession struck, desperate retailers competing for a shrinking amount of shopping dollars and market share began tinkering with time-tested holiday marketing strategies.

Good prices, great values, unique offerings and convenience no longer were enough to boost retail sales.

13. Hillview Village Apartments Sell for $5.9 Million -

2051 E. Alcy Road
Memphis, TN 38114
Sale Amount: $5.9 million

Sale Date: March 27, 2014
Buyer: 2013 Hillview LP
Seller: Alcy Partners LP
Details: The 265-unit Hillview Village Apartments at 2051 E. Alcy Road in the Defense Depot neighborhood have sold for $5.9 million.

14. Simon Property Plans Strip Mall Business Spinoff -

Mall operator Simon Property Group Inc. plans to spin off to its shareholders a business that operates strip malls and smaller enclosed malls so it can focus on bigger malls and premium outlets.

15. Simon Property Plans Strip Mall Business Spinoff -

Mall operator Simon Property Group Inc. plans to spin off to its shareholders a business that operates strip malls and smaller enclosed malls so it can focus on bigger malls and premium outlets.

16. Retail Therapy -

The retail business has been described in recent times as Darwinian in nature to those in the industry, meaning formats come and go as competition intensifies each year.

That concept is apparent in retail chains having trouble finding the best real estate for new locations as antiquated strip centers retain high vacancies. Or in the resurgence of upscale retailers, while dollar stores are simultaneously expanding at a rapid clip.

17. Commercial Advisors Grows CRE Portfolio -

Cushman & Wakefield/Commercial Advisors Asset Services LLC is on a roll, picking up various leasing and management assignments that have brought its office and industrial involvement to 17.8 million square feet.

18. FDIC Signs Lease In Lakecrest -

Federal Deposit Insurance Corp. has inked a substantial lease in Lakecrest III, marking the market’s largest office lease signing this year.

19. Grubb & Ellis Survives, Prospers in Economy -

Like everybody else in the real estate business, the last 36 months or so have been trying times for Grubb & Ellis Co. Memphis, a commercial realty firm that splits its business between leasing/management and sales.

20. Two Memphis Malls Get New Leadership -

Oak Court Mall and Wolfchase Galleria have been assigned new general managers, Indianapolis-based Simon Property Group Inc. said Thursday.

21. Grubb & Ellis to Lease Oak Court Office Building -

Simon Property Group Inc. has selected Grubb & Ellis Memphis as the leasing agent for Oak Court Drive, a 136,000-square-foot Class A office building on Poplar Avenue in East Memphis.

Grubb & Ellis president Joe Steffner and vice president Greg deWitt will handle the leasing for the property, which sits next to Oak Court Mall and currently has up to 13,000 square feet of contiguous space with smaller suites available for other prospective tenants.

22. Simon Says It Improved Offer For Rival -

INDIANAPOLIS (AP) – Mall owner Simon Property Group says it has improved its offer to help finance the bankruptcy exit of its biggest rival, General Growth Properties.

The Indianapolis company, which owns and operates Oak Court Mall and Wolfchase Galleria, will backstop a $1.5 billion credit facility General Growth needs to emerge from bankruptcy, waive a $12.5 million fee and limit its governance rights.

23. The Biggest Spenders -

David Simon, chairman and CEO of the nation’s largest public real estate firm, told analysts a few weeks ago during Simon Property Group’s fourth quarter earnings conference call that 2009 was a challenging year. And he doesn’t think 2010 will be much better for the company, which owns two malls in Memphis.

24. Simon Properties Offers General Growth $10B Buyout -

INDIANAPOLIS (AP) – The nation’s largest shopping mall owner, Simon Property Group, made a $10 billion hostile bid Tuesday to acquire its ailing rival, General Growth Properties.

Simon has a large footprint in Memphis, where the company owns 94.5 percent of Wolfchase Galleria in Cordova and 100 percent of Oak Court Mall in East Memphis, two of the most successful area malls.

25. Web Retailers Extend Shipping Deadlines -

Retail Web sites have bumped back deadlines and offer free express shipping after weekend snowstorms kept holiday shoppers home in large areas of the East Coast.

Meanwhile, some bricks-and-mortar stores are extending early morning bargains that had been offered on Saturday through Wednesday.

26. Shelby County’s Malls Fight Tax Appraisals -

In a sign of the rattled state of commercial property owners amid the lingering downturn, the owners of most of Shelby County’s major shopping malls are contesting their 2009 property appraisals.

The new values, which will determine the properties’ tax bills, were sent out earlier this year as part of the 2009 countywide reappraisal of property. The area’s five most prominent shopping centers – Wolfchase Galleria, The Avenue Carriage Crossing, Oak Court, Raleigh Springs Mall and Southland Mall – all saw their appraisals rise this year.

27. Harbert Ave. Triplex On Tap for LUCB -

Among the development proposals scheduled for today’s Memphis-Shelby County Land Use Control Board meeting is a planned development application for the north side of Harbert Avenue, east of South Bellevue Boulevard.

28. Youth Villages Names Rutschman Director of Communications -

Echelle Lane Rutschman has been named director of communications at Youth Villages. Rutschman joins Youth Villages after 10 years serving as senior communications officer and system director of corporate communications at Baptist Memorial Health Care Corp.

29. Elvis Parent Company Calls Off Plans To Go Private -

The publicly traded company that owns 85 percent of Elvis Presley Enterprises has completely called off its attempt to go private.

30. Archived Article -

6525 N. Quail Hollow Road
Memphis, TN 38120
Sale Amount: $17.5 million

Sale Date: April 27, 2007

Buyer: Memphis-NCR LLC

31. Mid-America Apartment SellsHickory Farm, Gleneagles -      Mid-America Apartment Communities Inc. has sold two Memphis properties to Newton, Mass.-based Northland Investment Corp. as part of a planned disposition.
     Northland Hickory Farm LLC boug

32. Mid-America Establishes $500 Million Acquisition Fund -

Memphis-based Mid-America Apartment Communities Inc. has announced plans to ramp up its multifamily investments through a newly established fund called Mid-America Multifamily Fund I LLC.

The fund, a joint venture between Mid-America and institutional capital, will target investment opportunities within the company's existing Sunbelt markets. Mid-America will own a 33 percent interest in the fund with plans to acquire $500 million of multifamily properties during the next three years.

33. Simon Transfers Wolfchase Between Holding Groups,Refinances Mall for $225 Million -      A quitclaim deed filed in the Shelby County Register's office last week shows ownership interest in the Wolfchase Galleria mall has been transferred between limited liability companies both within Indianapolis-based Simo

34. Malled by the Competition -

Editor's note: This is the third in The Daily News' five-part Retail Reinvented series about the past - and future - of the local shopping landscape.

Pat Jacobs knows a thing or two about Memphis malls. He served as general manager of Southland Mall for 18 years before taking the same job at Hickory Ridge Mall in 2003.

35. Lookin' Good -

The high-end cosmetics store whose name reportedly is derived from the Greek word for beauty is poised to bring a new fragrance to the Memphis market this year.

Sephora - the skin care and beauty chain that operates more than 500 stores in 14 countries - is entering the Memphis market in the coming months with the launch of stores in two of the city's premier shopping centers.

36. Black Repertory Theater to Open on Marshall -

A neighborhood on the edge of Downtown is seeing some growth, the newest of which is a black repertory theater.

The 70-seat, 3,200-square-foot Hattiloo Theater is scheduled to open Sept. 22 at 656 Marshall Ave. and will focus on black theater and art. The building belongs to Pinkney Herbert, the owner of the Marshall Arts gallery at 639 Marshall.

37. Retailers Brace for New Mall's Impact -

For shoppers in the Collierville area, having the $100 million Avenue Carriage Crossing next door is a real boon.

Residents don't have to drive to Saddle Creek anymore to see the latest styles offered by Chico's. They can bring Fido upscale treats from Just Dogs! Gourmet. The proximity of Linens 'n Things precludes a trip to Bed, Bath & Beyond near Wolfchase Galleria.

38. Archived Article -

49 lots in
Evergreen Hills
Cost: $6 million

Borrower: Creekside Homes LLC

Lender: First Tennessee Bank NA

39. Wolfchase Galleria Withdraws Tax Appeal -

A dispute over the appraisal of Wolfchase Galleria, the largest single source of property taxes in Shelby County, is officially over.

Tax representatives for the 1.1 million-square-foot retail behemoth have withdrawn an appeal to the state assessment appeals commission after taking their case before an administrative judge in January. They were working to get the $132 million appraisal for Wolfchase, which is owned by Simon Property Group Inc., nearly cut in half to about $73 million. Simon also owns Raleigh Springs Mall and Oak Court Mall in Memphis.

40. Archived Article: Gov - By Andy Meek

Wolfchase Seeks to Compete Through Tax Breaks


The Daily News

When it comes to regional shopping centers, whats in a name?

Thats a question the Shelby County Assessor of Property Rita Clarks office is trying to a...

41. Archived Article: Real Review - Mid-America, Crow Holdings

Mid-America, Crow Holdings

buy Texas property for $18.9 million

Mid-America Apartment Communities Inc. acquired Green Oaks, a 300-unit apartment community in the Dallas suburb of Grand Prairie, Texas, for $18.9 mi...

42. Archived Article: Real Review - Spat could trigger more REIT deals

Spat could trigger more REIT deals

It's only a single takeover fight between the top U.S. mall owner and a smaller rival, but Simon Property Group Inc.'s unsolicited bid for Taubman Centers Inc. could spark a...

43. Archived Article: Reits P2 - Mall owners prospering weak economy

Mall owners prospering in weak economy
As the holiday selling season approaches, mall owners are seeing green, even as their retailer tenants see red.

While retailers brace for what could be another wea...

44. Archived Article: Real Review - Mid-America holds it own

Mid-America holds its own

during tough economic times

Mid-America Apartment Communities Inc. reported funds from operations, the generally accepted measure of operating performance for real estate investment trusts,...

45. Archived Article: Maa Page 2 - Mid-Americas 2002 first quarter earnings exceed expectations Mid-Americas 2002 first quarter earnings exceed expectations Memphis-based Mid-America Apartment Communities, Inc. announced Wednesday earnings for the first quarter of this year had excee...

46. Archived Article: Real Focus - By JENNIFER MURLEY REITs gain credibility with S & P showing By JENNIFER MURLEY The Daily News Known as one of the more conservative investment vehicles, real estate investment trusts have continued to gain credibility in a volatile financial ma...

47. Archived Article: Focus (reits) - REITs make a comeback in 2001 Real estate investment trusts make steady investments in 2001 By MARY DANDO The Daily News In the merry-go-round world of bears and bulls and stocks and bonds, glamour stocks involving biotechnology and dot-com companie...

48. Archived Article: Midamerica P.2 - Mid-America marks higher first quarter earnings Mid-America posts higher first quarter earnings Mid-America Apartment Communities Inc. announced funds from operations for the first quarter as 71 cents per share, 6.2 percent above the fourth quarter ...

49. Archived Article: Page 2 (maa) - Mid-America Apartment Communities has entered into definitive contracts to sell its Pine Trails and MacArthur Ridge apartment communities Mid-America Apartments sells two properties Mid-America Apartment Communities has entered into definitive contr...

50. Archived Article: Mid-america - WMF Creates a $195 Million Credit Facility for Mid-America Apartments, Part of a $290 Million Commitment in 1999 Mid-America secures credit for future growth WMF Washington Mortgage Corp., part of The WMF Group, announced approval of a $195 million ...

51. Archived Article: Back - Mid-America sees improved Mid-America sees improved revenues in third quarter Mid-America Apartment Communities announced that Funds From Operations on a fully diluted basis for the third quarter ended September 30, 1999, were 66 cents per share, on...

52. Archived Article: Origins Bott - Origins to open in Oak Court Origins to open in Oak Court By LAURIE JOHNSON The Daily News Memphis newest Origins cosmetics and skin care products store is scheduled to open in October in Oak Court Mall. The company, a division of New York-based cos...

53. Archived Article: Starbucks New - Starbucks to open Oak Court store Saturday Starbucks opens in Oak Court By LAURIE JOHNSON The Daily News Despite the summer heat, Memphians have been flocking to the areas first Starbucks coffee emporium, which opened Saturday in the Oak Court Mall....

54. Archived Article: Back-maa - Mid-America Apartment Communities Inc Mid-America completes merger, buys property Mid-America Apartment Communities Inc. announced it has completed the previously announced merger with Flournoy Development Co. and related partnerships in a transacti...

55. Archived Article: Back - Mid Mid-America Apartments report increase in FFO Mid-America Apartment Communities Inc. reported funds from operations for the second quarter grew to $10.7 million, a 21 percent increase over the second quarter of 1996. Revenues increased to $32.7 ...

56. Archived Article: Mid-america 2nd Lj - lj 10/5 cates Ready to rent Sales, acquisitions, expansions contribute to MAAs performance By LAURIE JOHNSON The Daily News Mid-America Apartment Communities has marked another period of high performance, posting second quarter gains in revenues, oc...

57. Archived Article: Reits Lj - lj 10/5 cates 1995 good year for REITs in Mid-South By LAURIE JOHNSON The Daily News Real estate investment trusts have been enjoying increased growth in the Mid-South, with at least two local REITs doubling their revenues in 1995. "1995 was a ...