Considered by many to be the main artery of Memphis’ robust logistical and distribution network, the Lamar Avenue Corridor has long been clogged by its own narrow lanes and outdated capacity. 

2. Corky’s BBQ Eyes Southeast Expansion Under New Partnership - Thursday, June 14, 2018

More and more people across the Southeast will be getting the chance to enjoy Memphis-style barbecue thanks to a new partnership announced Friday between Corky’s BBQ and Dobbs Equity Partners LLC. The deal will help Corky’s to expand its corporate-owned brick-and-mortar footprint, with plans to open 15 additional stores over the next three years, as well as invest and expand the Corky’s food manufacturing and distribution operations.

3. Faropoint, Belz Sell of Part of Retail Portfolio - Monday, May 21, 2018

7501 Goodman Road, Olive Branch, MS 38654 and 7685 Hacks Cross Road, Olive Branch, MS 38654:  Faropoint Ventures continues to remain active in the Greater Memphis Area with the sale of two Olive Branch retail centers for a combined $9.24 million.

4. Fogelman Properties Adds VP of Acquisitions - Tuesday, May 8, 2018

Fogelman Properties has appointed Mike Aiken vice president of acquisitions, a newly created position at the Memphis-based multifamily real estate services company.

5. Two Large Industrial Portfolios in Southeast Memphis Sold - Monday, May 7, 2018

4049 Willow Lake Blvd., Memphis, TN 38118 (portfolio)

Sale Amount: $21.8 million

Buyer: Faropoint Ventures

Buyer Rep: Brian Califf, NAI Saig Co.

6. First Tennessee to Put $4B In Community Investment - Saturday, April 14, 2018

Memphis-based First Tennessee Bank, along with its newly acquired Capital Bank, are launching a five-year, nearly $4 billion effort to expand the availability of financial resources in low- to moderate-income communities across an eight-state footprint.

7. First Tennessee Bank Launching $4 Billion Community Investment Effort - Tuesday, April 10, 2018

Memphis-based First Tennessee Bank, along with its newly acquired Capital Bank, are launching a five-year, nearly $4 billion effort to expand the availability of financial resources in low- to moderate-income communities across an 8-state footprint.

8. Wiuff Looks to Boost Engagement As MAAR Board President - Wednesday, March 14, 2018

Lauren Harkins Wiuff, a broker at Marx-Bensdorf Realtors, has begun her tenure as the 2018 president of the Memphis Area Association of Realtors board of directors. Wiuff, who will serve a one-year term as board president, is also a lifetime member of MAAR’s Multi Million Dollar Club. At Marx-Bensdorf, she leads a team that includes her sister, Stephanie Sheahan.

9. Coming Full Square - Saturday, March 10, 2018

For the first time in a while, Overton Square isn’t 100 percent leased. And while no one really expects that to be the case for very long, these rare vacancies provide a good chance to stop and examine what the popular entertainment destination has going on.

10. New Construction North Of State Line Highlights Busy Q4 - Friday, March 2, 2018

A flurry of large-scale build-to-suit projects north of the Tennessee-Mississippi state line – the first of their kind in a decade – capped off a busy 2017 for the Memphis industrial market, which closed the fourth quarter with 665,896 square feet of net absorption, according to Cushman & Wakefield/Commercial Advisors’ latest Marketbeat report.

11. The Week Ahead: February 26-March 4 - Monday, February 26, 2018

Good morning, Memphis! There are plenty of business, government and sporting events to keep your interest this week, along with the annual farm and gin show. And Shakespeare could inspire some Shelby County students to have their works published in a literary magazine.

12. Donors Give $2 Million To Le Bonheur Children’s Hospital - Friday, February 23, 2018

Le Bonheur Children’s Hospital has established the Trish Ring Endowment for Child Health and Well-Being, thanks to a $2 million gift from Trish and Carl Ring.

13. Target Fulfillment Center Closing, Vendor Laying Off 486 Memphis Workers - Thursday, February 1, 2018

A Target fulfillment center in southeast Memphis is closing in April, resulting in 486 layoffs.

Radial, a third-party logistics firm that manages the distribution center for Target Corp., has filed notice with the Tennessee Department of Labor and Workforce Development that the permanent layoffs at its 5461 Davidson Road facility will start April 7 and continue through April 30.

14. Target Fulfillment Center Closing, Vendor Laying Off 486 Memphis Workers - Tuesday, January 30, 2018

A Target fulfillment center in southeast Memphis is closing in April, resulting in 486 layoffs.

Radial, a third-party logistics firm that manages the distribution center for Target Corp., has filed notice with the Tennessee Department of Labor and Workforce Development that the permanent layoffs at its 5461 Davidson Road facility will start April 7 and continue through April 30. 

15. Dunavant Awards Will Feature Hardy As Keynote - Friday, January 26, 2018

As a lifelong Memphian and successful entrepreneur, Carolyn Hardy is all about finding new ways to grow the city.

16. 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.

17. Apocalypse Not - Saturday, November 25, 2017

Much has been said about the so-called “Retail Apocalypse,” a frightening term that conjures images of a desolate landscape littered with boarded-up malls and shopping centers representing the death of American capitalism. 

18. Iconic E. Memphis Office Building Sells for $19.7M - Monday, November 6, 2017

Nashville-based Magnolia Capital Investments has purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investors, Faropoint Ventures. Faropoint intends to reinvest proceeds from the sale to buy other Memphis properties.

19. Clicking on All Cylinders - Saturday, October 28, 2017

Memphis is a city on the precipice of change as projects that were once deemed impossible – like ServiceMaster’s Downtown headquarters or Crosstown Concourse – have emboldened developers and city officials to shoot for the moon.

20. Fogelman Properties Adds Day As Senior VP of Investments - Wednesday, October 25, 2017

Matthew Day has joined Fogelman Properties as senior vice president of investments. Day comes to the Memphis-based multifamily real estate services company with 15 years of investment experience and will spearhead its investment platform across the Southeast, Southwest and Midwest regions.

21. Germantown Medical Office Sells for $16M - Monday, September 18, 2017

1325 Wolf Park Drive, Germantown, TN 38138

Sale Amount: $15.9 million

Buyer: Global Medical REIT

22. India’s Consul General Visits Memphis - Monday, September 4, 2017

Indian Consul General Nagesh Singh was in Memphis last week for roundtable discussion with Greater Memphis Chamber members and business leaders.

Singh is consul general for the southeast U.S. and is based in Atlanta.

23. Financial Services Firm Takes Floor in Clark Tower - Monday, September 4, 2017

In this week’s Real Estate Recap, a financial services firm inks a full floor in Clark Tower and Crosstown High School files a $4.1 million permit to build-out space in the Crosstown Concourse for its charter school that is scheduled to open next fall. 

24. Financial Services Firm Takes Floor in Clark Tower - Tuesday, September 5, 2017

In this week’s Real Estate Recap, a financial services firm inks a full floor in Clark Tower and Crosstown High School files a $4.1 million permit to build-out space in the Crosstown Concourse for its charter school that is scheduled to open next fall. 

25. 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.

26. Bartlett Shopping Center Sells for Nearly $30M - Wednesday, July 19, 2017

An Atlanta-based real estate investment firm has made its first purchase in the Memphis market with the acquisition of a 198,103-square-foot shopping center in the heart of Bartlett.

The Bartlett Towne Centre, located at 6005 Stage Road, was acquired by Branch Properties LLC from Houston-based real estate investment trust Weingarten Realty for $28.8 million.

27. 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

28. EDGE Approves Pair Of ICED Loans - Saturday, June 10, 2017

Two Memphis businesses are set to receive Inner City Economic Development loans to improve their facilities.

The Economic Development Growth Engine finance committee voted Wednesday, June 7, to award a $20,000 loan to HopeWorks, located at 3337 Summer Ave. in Highland Heights, and a $19,000 loan to Orca Printing, located at 1808 September Ave. in Southeast Memphis.

29. EDGE Approves Pair of Inner City Development Loans - Friday, June 9, 2017

Two Memphis businesses are set to receive Inner City Economic Development loans to improve their facilities.

The Economic Development Growth Engine finance committee voted Wednesday, June 7, to award a $20,000 loan to HopeWorks, located at 3337 Summer Ave. in Highland Heights, and a $19,000 loan to Orca Printing, located at 1808 September Ave. in Southeast Memphis. The forgivable ICED loans will help offset the costs of physical improvements to their locations.

30. 2 Businesses Seek Inner City Loans From EDGE to Grow - Wednesday, June 7, 2017

Two local businesses that are looking to grow their footprint in traditionally underserved areas of Memphis are seeking forgivable loans for building improvements from the Economic Development Growth Engine for Memphis and Shelby County.

31. New York Firm Pays $23M for 3 Germantown Hotels - Thursday, May 4, 2017

7750 Wolf River Blvd., 9314 Poplar Pike and 9320 Poplar Pike, Germantown, TN 38138 | Sale Amount: $23 million

Sale Date: April 28, 2017

32. Malco Moving Forward With Downtown Theater - Thursday, April 6, 2017

45 E. G.E. Patterson Ave.
Memphis, TN 38103 

Permit Amount: $5 million

Project Cost: $55 million

Application Date: March 2017

33. NuVasive Receives 11-Year PILOT, Will Invest $116 Million - Friday, February 17, 2017

Medical device company NuVasive Inc. has been approved for an 11-year tax incentive that will allow them to invest $116 million into their southeast Memphis facility and create 15 net new jobs.

34. State Of The Suburbs - Saturday, February 11, 2017

With its central location, unparalleled access to major roads, rails, runways and rivers and low cost-of-living, it’s no surprise that Memphis and the surrounding area is a popular destination for corporate headquarters, national retail brands and major industrial centers.

35. Fogelman Acquires Two Apartment Communities - Saturday, January 7, 2017

Memphis-based Fogelman Properties acquired a pair of multifamily apartment communities in Georgia and South Carolina, totaling a combined 540 units.

The communities were acquired in a joint venture with Dallas, Texas-based Thackeray Partners and mark the third and fourth multifamily investments by the partnership since 2015.

36. Fogelman Acquires Two Apartment Communities - Thursday, January 5, 2017

Memphis-based Fogelman Properties acquired a pair of multifamily apartment communities in Georgia and South Carolina, totaling a combined 540 units.

The communities were acquired in a joint venture with Dallas, Texas-based Thackeray Partners and mark the third and fourth multifamily investments by the partnership since 2015.

37. Large Deals, Office Construction Among Memphis' Commercial Real Estate Trends - Wednesday, December 28, 2016

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.

38. Trader Joe’s Developer Seeks $2.5M Permit - Thursday, December 8, 2016

2130 Exeter Road, Germantown, TN 38138 • Permit Amount: $2.5 million 

Future Tenant: Trader Joe’s 

Developer: CAP Germantown LLC

39. Varsity Brands Warehouse Sells for $9.5 Million - Thursday, August 11, 2016

3131 Appling Road
Bartlett, TN 38133

Sale Amount: $9.5 million

Sale Date: Aug. 4, 2016

Buyer: Appling Road Memphis LLC

40. Olymbec Buys Southeast Warehouse - Monday, August 8, 2016

Olymbec USA has purchased a southeast Memphis office building from Memphis Investments LLC for $1.3 million.

41. First-Quarter Results Show Fred’s on Rebound - Monday, May 30, 2016

Especially for a company like Memphis-based discount retailer Fred’s Inc., quarterly earnings results are about more than the numbers.

Fred’s – which grew total sales 8 percent during the quarter ended April 30 over the same period last year and earned $1.3 million in net income – is in the midst of a broad strategic and operational realignment. On the heels of new additions to management last year, plus new strategic imperatives and a big acquisition, changes the company is pushing this year include positioning itself as more of a health care company.

42. Haves, Have-Nots Get Varied Tax Relief - Thursday, May 12, 2016

Amid the rancor of bathroom and counseling bills, two major pieces of legislation slipped through the General Assembly this session with hardly a peep – elimination of the Hall tax and a partial revitalization of property tax relief for seniors and disabled veterans.

43. Memphis MSA Industrial Sector Has A Strong First Quarter After Record 2015 - Saturday, May 7, 2016

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.

44. Sale of Former Memphis Police Headquarters Set for May - Tuesday, April 19, 2016

The tours and inspections are done for now. And City Hall’s timeline for selling the circa-1910 Memphis Police headquarters at 128 Adams Ave. is a bit behind schedule.

45. Work Begins On Brewery Development - Thursday, February 25, 2016

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

46. Israeli Firm Purchases Industrial Park for $13M - Saturday, February 20, 2016

Faropoint Investments, an Israel-based real estate firm, has purchased the Outland Business Center for $13 million, now its largest holding in the area.

On Feb. 11, Faropoint closed on the Southeast Memphis park, which includes five industrial buildings totaling more than 400,000 square feet at Outland Center Drive and Burbank Road.

47. Orleans at Walnut Grove Sells for $29.2 Million - Thursday, February 18, 2016

317 Royal Chartres Square E.
Cordova, TN 38018

Sale Amount: $29.2 million

Sale Date: Feb. 4, 2016

Buyer: PC Orleans LLC

48. Israeli-Based Firm Purchases Industrial Park for $13M - Monday, February 15, 2016

Faropoint Investments, an Israel-based real estate firm, has purchased the Outland Business Center for $13 million, now its largest holding in the area.

On Feb. 11, Faropoint closed on the Southeast Memphis park, which includes five industrial buildings totaling more than 400,000 square feet at Outland Center Drive and Burbank Road.

49. Medical Center Apartments Sell for $9.7 Million - Thursday, February 11, 2016

810 Washington Ave.
Memphis, TN 38105

Sale Amount: $9.7 million

Sale Date: Jan. 29, 2016

50. International Real Estate Firms Find Purchase Potential in Memphis - Tuesday, January 26, 2016

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.

51. Methodist Caps Busy 2015 With $40M Plans for Transplant Institute - Wednesday, November 18, 2015

New money is pouring in to the Methodist Le Bonheur Healthcare system, and it will be put to use as investments in everything from patient care to research. Construction work is under way at a number of facilities, and myriad future projects are in the works.

52. $200M Silicon Plant Opens in North Miss. - Monday, November 2, 2015

The first silicon metal manufacturing facility built in the U.S. in more than 40 years is now up and running in the North Mississippi town of Burnsville, a little more than 100 miles southeast of Memphis.

53. Dunavant Bulks Up in Memphis, Texas - Friday, July 24, 2015

Richard McDuffie was busy working in his East Memphis office when a company representative delivered the news.

54. Ikea Buys Cordova Acreage For Planned Memphis Store - Tuesday, July 21, 2015

41 Acres for
Future Ikea Store

Sale Amount: $5.7 million

Sale Date: July 10, 2015

Buyer: IKEA Property Inc.

55. Investors Pumping Hundreds of Millions Into Tennessee Startups - Saturday, May 16, 2015

The assignment sounded simple enough: Find out whether more money is coming into Nashville for startups.

If so, where is it coming from and what does it means to entrepreneurs, investors and the rest of us?

56. Men’s Salon Opening in Germantown - Friday, May 15, 2015

Germantown is getting an upscale styling salon and grooming service made just for men.

Owners Dara Vongphrachanh and Donald R. Johnson II are opening Baron’s Man Cave in 2,250 square feet in suite 102 at the Poplar Collection, located at 9289 Poplar Ave. in Germantown.

57. University of Memphis Foundation Applies for $1 Million Building Permit - Tuesday, April 28, 2015

1115 E. Getwell Loop
Memphis, TN 38111
Permit Amount: $1 million

Applicant: The University of Memphis Foundation
Project Cost: $40 million
Permit Application Date: April, 2015
Architect: Fleming Architects
Contractor: Grinder, Taber & Grinder Inc.
Details: The University of Memphis Foundation has applied for a $1 million building permit for a new facility at the university’s Park Avenue campus.

58. REIT Acquires Three Hotels for $39.6 Million - Tuesday, April 14, 2015

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

59. Pinnacle Awards Honor Commercial Real Estate Standouts - Monday, April 13, 2015

The local commercial real estate community gathered at the Memphis Botanic Garden Thursday, April 9, for the 14th annual Pinnacle Awards. Every year, the Memphis Area Association of Realtors Commercial Council honors its members based on their transactional volume, merit and community activity.

60. Mendenhall Property Fetches $2.4 Million - Saturday, April 11, 2015

A New Mexico-based firm has acquired a Southeast Memphis warehouse for $2.4 million.

Westmeath LLC, which lists an address in Albuquerque, N.M., acquired the 33,190-square-foot warehouse at 4339 S. Mendenhall Road from SE Industrial Investments LLC, according to a March 30 warranty deed. William Preston Thomas Jr. signed the deed for the seller, SE Industrial Investments LLC.

61. Southeast Memphis Property Fetches $2.4 Million - Thursday, April 9, 2015

A New Mexico-based firm has acquired a Southeast Memphis warehouse for $2.4 million.

Westmeath LLC, which lists an address in Albuquerque, N.M., acquired the 33,190-square-foot warehouse at 4339 S. Mendenhall Road from SE Industrial Investments LLC, according to a March 30 warranty deed. William Preston Thomas Jr. signed the deed for the seller, SE Industrial Investments LLC.

62. Brewery Developers Buy Site for New Apartment Building - Tuesday, March 3, 2015

11 Butler Ave.
Memphis, TN 38103
Sale Amount: $1.25 million

Sale Date: Feb. 23, 2015
Buyer: 495 Tennessee LLC
Seller: BCH Investments LLC
Details: The team behind the development of the historic Tennessee Brewery has acquired a key piece of property adjacent to the long-vacant structure as plans for the new Tennessee Brewery: The Revival series of events there move forward.

63. $42 Million Permit Filed For Target Fulfillment Center - Tuesday, January 27, 2015

5461 Davidson Road
Memphis, TN 38118
Permit Amount: $42 million

64. Highland Row Developer Applies for $6.7 Million Permit - Tuesday, November 11, 2014

387 S. Highland St.
Memphis, TN 38111
Permit Amount: $6.7 million

Project Cost: $61 million
Application Date: November 2014
Engineer: Jordan & Skala Engineers
Details: Indianapolis-based developer Milhaus Ventures has applied for another building permit for the long-awaited Highland Row project near the University of Memphis.

65. Courtyard Memphis East Sells for $11.7 Million - Saturday, November 8, 2014

Another East Memphis hotel has been sold, this one fetching $11.7 million.

The sale was part of a larger $1.1 billion deal New York City-based NorthStar Realty Finance Corp. announced in September to acquire 52 hotels across the country.

66. Courtyard Memphis East Sells for $11.7 Million - Thursday, November 6, 2014

Another East Memphis hotel has been sold, this one fetching $11.7 million.

The sale was part of a larger $1.1 billion deal New York City-based NorthStar Realty Finance Corp. announced in September to acquire 52 hotels across the country.

67. Courtyard Memphis East Fetches $11.7 Million - Wednesday, November 5, 2014

The Courtyard Memphis East/Park Avenue has sold for $11.7 million as part of New York-based NorthStar Realty Finance Corp.'s $1.1 billion acquisition of 52 hotels nationwide.

68. Sprouts Farmers Market Applies for Building Permit - Tuesday, October 21, 2014

3150 Village Shops Drive
Germantown, TN 38138

Project Cost: $1.5 million

Applied: Oct. 14, 2014

69. Waterford Place Apartments Sells for $28.3 Million - Monday, October 20, 2014

The 320-unit Waterford Place Apartments in Southeast Shelby County has sold to an entity affiliated with Chicago-based Trilogy Real Estate Group for $28.3 million, or about $88,438 per unit.

TMF III Waterford Place Partnership purchased the complex in an Oct. 16 special warranty deed from WRF-Waterford Place LLC, an entity related to Boston-based real estate investment trust Winthrop Realty Trust. Winthrop bought the property in April 2012 for $21.5 million.

70. Recruiter’s Career Twist - Saturday, October 18, 2014

Ask Janet Miller about her remarkable career at the Nashville Area Chamber of Commerce and she’ll likely attribute it to good timing or pass credit onto others.

71. 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.

72. Hot Yoga Plus Expands in Memphis - Friday, August 29, 2014

Hot Yoga Plus, a Nashville-based yoga concept, is opening a second Memphis area location.

Hot Yoga Plus, founded by Memphian Susannah Herring, has signed a 2,015-square-foot lease at 9037 Poplar Ave. in Germantown. The new store is expected to open this fall and follows the original Memphis location in Laurelwood.

73. Hot Yoga Plus Expands in Memphis - Friday, August 29, 2014

Hot Yoga Plus, a Nashville-based Yoga concept, is opening a second Memphis area location.

Hot Yoga Plus, founded by Memphian Susannah Herring, has signed a 2,015-square-foot lease at 9037 Poplar Ave. in Germantown. The new store is expected to open this fall and follows the original Memphis location in Laurelwood.

74. Developer Files Permit for Graceland-Area Hotel - Tuesday, August 19, 2014

3411 Elvis Presley Blvd.
Memphis, TN 38116
Permit Cost: $3.5 million

75. Southwind Village Office Owner Files $3.3 Million Loan - Tuesday, August 12, 2014

The owner of the two parcels that compose the Southwind Village office complex in Southeast Memphis has filed a $3.3 million loan on the property.

The parcels are 3101 Players Club Parkway and 3195 Players Club Parkway, which sit at the southeast corner of Players Club Parkway and Hacks Cross Road.

76. Knowledge Tree Buys Cordova Retail Center - Tuesday, July 22, 2014

8195 Dexter Road
Memphis, TN 38016
Sale Amount: $1.3 million

Sale Date: July 8, 2014
Buyer: K Tree LLC
Seller: 8195 Dexter Road LLC
Loan Amount: $1.5 million
Loan Date: July 11, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of the Knowledge Tree learning center has paid $1.5 million for the 28,575-square-foot shopping center at 8195 Dexter Road in Cordova.

77. Aren Investments Buys Winchester Haverty’s - Tuesday, June 17, 2014

6870 Winchester Road
Memphis, TN 38115
Sale Amount: $1.1 million

Sale Date: June 2, 2014
Buyer: Aren Investments LLC
Seller: Kirsch Associates LP
Loan Amount: $850,000
Loan Date: June 2, 2014
Maturity Date: Nov. 15, 2015
Lender: BancorpSouth Bank
Details: Local real estate investment firm Aren Investments LLC has paid $1.1 million for the Haverty’s furniture store at 6870 Winchester Road in Hickory Hill.

78. Change on Tap for Many Local Public Companies - Saturday, May 31, 2014

Here’s a snapshot of recent news and developments at some of the publicly traded companies based in Memphis, reflecting the influence these companies have and the shadows they cast both in Memphis and beyond, in industries that range from bioscience to banking.

79. Vote of Confidence - Saturday, May 3, 2014

After experiencing a strong fourth quarter in 2013, confidence in the Memphis office market remains high so far this year.

First quarter leases signed outnumbered tenant move outs and the Memphis market ended the quarter with 54,989 square feet of absorption, according to CB Richard Ellis Memphis.

80. Forest Hill Technology Center Sells for $5.2 Million - Tuesday, April 29, 2014

3860 Forest Hill-Irene Road
Germantown, TN 38125
Sale Amount: $5.2 million

Sale Date: March 31, 2014
Buyer: 3860 Forest Hills Irene LLC
Seller: BACM 2007-1 Irene Road LLC
Loan Amount: $5.6 million
Loan Date: April 17, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA

81. Forest Hill Technology Center Sells for $5.2 Million - Thursday, April 24, 2014

An affiliate of Nashville-based real estate investment company Anchor Investments LLC has paid $5.2 million for the Forest Hill Technology Center at 3860 Forest Hill-Irene Road in Germantown.

82. Pinnacle Apartments Sell for $3.8 Million - Tuesday, April 22, 2014

305 S. Bellevue Blvd.
Memphis, TN 38104
Sale Amount: $3.8 million

Sale Date: April 8, 2014
Buyer: Pinnacle Apartments Property Owner LLC
Seller: Bellevue Tower II LLC
Loan Amount: $3.4 million
Loan Date: April 11, 2014
Maturity Date: May 1, 2019
Lender: JPMorgan Chase Bank NA
Details: An affiliate of Woodbury, N.Y.-based CLK Properties has paid $3.8 million for the 118-unit Pinnacle Apartments at 305 S. Bellevue Blvd. in Midtown.

83. Belz Sells Shelby Oaks EnSafe Center for $910,000 - Monday, January 20, 2014

5710-5730 Summer Trees Drive
Memphis, TN 38134
Sale Amount: $910,000

Sale Date: Jan. 10, 2014
Buyer: EnSafe Inc.
Seller: BICO Associates GP
Details: An affiliate of Belz Enterprises has sold the five-building Shelby Oaks EnSafe Center office complex on Summer Trees Drive in Northeast Memphis for $910,000.

84. Commercial Real Estate Market Reawakens - Saturday, November 9, 2013

After suffering through a prolonged slump, the Memphis commercial real estate market this year began to shake off the rust that gathered during the “Great Recession,” and brighter days could be ahead for the prime markets in the apartment, retail, office and industrial sectors, according to local experts.

85. Developer Buys Land for Somerset Subdivision - Tuesday, November 5, 2013

26.3 Acres near Neshoba
And Germantown Roads
Sale Amount: $1.5 million

Sale Date: Oct. 28, 2013
Buyer: Somerset-Exeter GP
Seller: Owen Investments LP
Loan Amount: $2.8 million
Loan Date: Oct. 28, 2013
Maturity Date: Oct. 28, 2016
Lender: Kent Wunderlich
Details: An entity related to Germantown-based developer McNeill Investment Co. has paid $1.5 million for 26.3 acres near the intersection of Germantown and Neshoba roads.

86. Apartment, Retail Markets Holding Steady - Friday, November 1, 2013

The Memphis area multifamily and retail markets continue to chug along, with the newer, more upscale products in each sector propping up both overall markets.

Those trends and others in commercial real estate will be the subject of discussion Thursday, Nov. 7, during the 2013 Commercial Real Estate Review & Forecast, one of six seminars in The Daily News’ 2013 Seminar Series.

87. Lipscomb: Fairgrounds Retail to be ‘Market Driven’ - Thursday, October 10, 2013

Robert Lipscomb, director of the city of Memphis’ Division of Housing & Community Development, says the retail to be part of the city’s Fairgrounds overhaul will not be in competition with businesses in the nearby Cooper-Young Historic District or Overton Square.

88. Logistics Limelight - Saturday, October 5, 2013

World-renowned as a logistics and distribution hub, Memphis will further raise its profile this month with events that showcase the city’s transportation assets and standing in the global economy.

89. Oklahoma Hotel Group Buys Baymont Inn - Tuesday, August 20, 2013

6020 Shelby Oaks Drive
Memphis, TN 38134
Sale Amount: $2.1 million

Sale Date: Aug. 6, 2013
Buyer: Champion Regional Development LLC
Seller: BRE/LQ Properties LLC
Loan Amount: $2.1 million
Loan Date: Aug. 7, 2013
Maturity Date: N/A
Borrowers: Sunny Management LLC; KNSB LLC; Jansa LLC
Lender: InterBank
Details: An affiliate of Oklahoma City-based Champion Hotels has paid $2.1 million for the 103-room Baymont Inn & Suites Memphis East hotel at 6020 Shelby Oaks Drive in Northeast Memphis.

90. Raleigh Village Apartments Sell for $2.3 Million - Saturday, July 6, 2013

Raleigh Village, a 182-unit apartment complex constructed in 1974 and 1980, sold June 28 for $2.3 million, or $13,000 per unit.

Tommy Bronson III and Blake Pera with the CBRE Memphis Multifamily Division represented the seller, Grant Investments LLC, in the sale.

91. Raleigh Village Sells for $2.3 Million - Thursday, July 4, 2013

Raleigh Village, a 182-unit apartment complex constructed in 1974 and 1980, sold June 28 for $2.3 million, or $13,000 per unit.

Tommy Bronson III and Blake Pera with the CBRE Memphis Multifamily Division represented the seller, Grant Investments LLC, in the sale.

92. Owner Files $1.7 Million Loan on Arlington Center - Tuesday, May 14, 2013

The new owner of the 13,658-square-foot retail center at 9915 U.S. 64 in Arlington has filed a $1.7 million loan on the property.

HGG Investments LLC filed the deed of trust May 6 through First Citizens National Bank. The financing was in conjunction with HGG Investments obtaining the property in a quitclaim deed from Robert E. Harris, Beverley R. Harris, Becky J. Graybill and Andrew P.P. Golay.

93. Boyle Celebrates 80 Years, Sponsors Art Exhibit - Monday, March 18, 2013

Boyle Investment Co. turns 80 this year, and has partnered with the Memphis Brooks Museum of Art to celebrate.

94. Levenger Leases Up EastPark IV - Friday, December 14, 2012

A Delray Beach, Fla.-based specialty retail company is relocating its Memphis distribution warehouse within the Southeast submarket.

Levenger has inked 96,400 square feet in EastPark Distribution Center IV, 5265 Hickory Hill Road, bringing the 372,800-square-foot building to full occupancy. Levenger also has an operation at 3530 E. Raines Road.

95. Gen X Inks State’s First Location on Austin Peay - Friday, November 16, 2012

A trendy Vernon, Calif.-based retailer has inked its first Tennessee location in Austin Peay Plaza.

Gen X Clothing Inc. signed a 35,000-square-foot lease at 3252 Austin Peay Highway. The space was formerly occupied by Big Lots.

96. Corporate Avenue Building Sells for $1.2 Million - Tuesday, November 6, 2012

1721 Corporate Ave. Memphis, TN 38132

Sale Amount: $1.2 million

Sale Date: Oct. 26, 2012

97. Praxair, nexAir Form Joint Venture - Wednesday, August 8, 2012

Danbury, Conn.-based industrial gases company Praxair Inc. and Memphis-based nexAir LLC are forming a joint venture that will enable the combined business to have a bigger reach and broader mix of services for customers.

98. Aren Buys SE Memphis Warehouse For $1.3M - Friday, June 22, 2012

Trane U.S. Inc. has sold its parts distribution center in Southeast Memphis for $1.3 million.

Aren Investments LLC of Memphis acquired the 99,375-square-foot distribution warehouse at 4250 Concord Road. The company, which used a 1450 Massey Road address on the Shelby County Register of Deeds, financed the purchase with an $800,000 loan through BancorpSouth Bank. Igal Elfezouaty signed the trust deed as managing member of Aren.

99. Market Value - Monday, May 14, 2012

Investor Warren Buffett admitted in his annual letter to shareholders recently that he was “dead wrong” in his early 2011 prediction that the housing market would have begun recovery by now.

100. Philippine Spotlight - Monday, May 14, 2012

Tourism is big business, but there are concerns about infrastructure.

New education reforms are going from the drawing board to the classroom.

Government corruption is recognized as a deterrent to economic development efforts.