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Editorial Results (free)

1. Sephora Hiring 400 for New Olive Branch Warehouse -

Beauty retailer Sephora announced it will be looking to hire 400 workers at its distribution center in Olive Branch that is scheduled to open later this month, according to The Associated Press.

The subsidiary of French luxury goods house LVMH signed a lease for its 720,000-square-foot facility in the second quarter of 2016, according to real estate brokerage firm Cushman & Wakefield/Commercial Advisors’ Q2 2016 Industrial Snapshot. 

2. Auto Supplier Minth Group to Invest $13M in Tennessee Plant -

LEWISBURG, Tenn. (AP) – Chinese auto supplier Minth Group is investing $13 million in a Tennessee plant, creating 200 jobs.

Republican Gov. Bill Haslam on Tuesday announced the plans by Minth to renovate an existing 125,000-square-foot facility in Lewisburg that will serve as a manufacturing facility and distribution warehouse for parts made elsewhere.

3. Tennessee Brewery Developers Seek Incentives for Second Phase -

The developers of the Tennessee Brewery project are seeking a 20-year tax abatement to begin construction on phase two of their Downtown Memphis mixed-use development.

William Orgel, Jay Lindy and Adam Slovis, representing 495 TN Partners, have applied to the Center City Revenue Finance Corp. for a payment-in-lieu-of-taxes incentive to build an additional 130-unit, four-story building they estimate will cost around $12.3 million.

4. Tennessee Brewery Developers Seeking Tax Incentives for Second Phase -

The developers of the Tennessee Brewery Project have applied for a 20-year tax abatement with the Center City Revenue Finance Corporation to begin construction on phase two of their Downtown Memphis mixed-use development.

5. Jerry’s Sno Cones Files Permit for Cordova Shop -

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

6. NE Memphis Warehouse Sells for $1.3 Million -

Appling Farms Center LLC has purchased a 30,000-square-foot warehouse at 6936 Appling Farms Parkway in northeast Memphis for $1.3 million, according to documents filed with the Shelby County Register of Deeds.

7. Kellogg Laying Off 172, Closing Memphis Facility -

Kellogg Co. is closing its northeast Memphis distribution facility, resulting in 172 layoffs.

The Battle Creek, Michigan-based company plans to shutter the facility at 1751 Shelby Oaks Drive on July 29, according to a WARN notice filed with the Tennessee Department of Labor and Workforce Development on May 26 and made public Tuesday, May 30.

8. Last Word: Recovery Day 6, Trezevant Allegations Resurface and Memphis Is Hard -

There is some debate about how the Memorial Day weekend storm compares to the Ice Storm of 1994 and Hurricane Elvis in 2003. A city public works supervisor who is a veteran of both earlier incidents weighed in this week as Mayor Jim Strickland stopped by Collins Yard to rally the city’s troops in the recovery effort. Rodney Wakefield also had a lot to say about what motivates city workers to tackle this hard work in a sweltering spring and do it as quickly and as safely as possible.

9. International Medical Corps’ Portable Hospital Finds Home At FedEx -

Valued at more than $2 million, International Medical Corps’ massive field hospital has yet to save even a single life since it was constructed five years ago.

That could soon change, however, with the addition of FedEx.

10. Last Word: Halfway Point, The Cancer-Influenza Connection and Wade Baldwin's Way -

Monday was the day that Memphis Light Gas and Water Division reached the halfway point in restoring power. There were 90,384 customers without power Monday evening, compared to 188,000 without power at the outset Saturday evening at 11 p.m. There were 126 utility crews working by Monday evening.

11. FedEx Supply Chain Ramps Up New Medical Distribution Warehouse -

FedEx Supply Chain, formerly known as Genco, is ramping up activity at its 1.1 million-square-foot multitenant distribution warehouse on East Holmes Road. Memphis-based FedEx Corp. acquired Genco, a third-party logistics provider, for $1.4 billion in early 2015 and announced a network expansion last October.

12. Medical District Apartments Sell for $5.2 Million -

A medical district apartment switches hands in a multimillion-dollar deal, a Downtown developer plans an apartment complex near FedExForum, and a California investor buys a local industrial portfolio. Details in this week’s Real Estate Recap...

13. Warehouse Portfolio Sells for $8.6 Million -

Huntington Industrial Partners, doing business as Artemis HIP Corporate Park LLC, has sold three warehouses in Southeast Memphis to a pair of West Coast investors for a combined $8.6 million.

14. Warehouse Portfolio Sells for $8.6 Million -

Huntington Industrial Partners, doing business as Artemis HIP Corporate Park LLC, has sold three warehouses in Southeast Memphis to a pair of West Coast investors for a combined $8.6 million.

15. Senses Nightclub Reopens, Raising Zoning Questions -

Senses, the controversial nightclub located at 2866 Poplar Ave., mysteriously reopened Saturday, May 6, after sitting empty for several years. And it has plans to continue operations, which may be in direct violation of the local zoning laws.

16. New York Firm Pays $23M for 3 Germantown Hotels -

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

Sale Date: April 28, 2017

17. Last Word: Rain, Rain... Cooper-Young Holding Pattern and Haslam on IMPROVE -

Trees down, power out, Redbirds' Saturday game called early with no fireworks, flooding in some parts of the Mid-South region. So this means Beale Street Music Festival weekend will be clear as a bell, right? Ponchos and boots ready just in case, as well as light sabres.

18. Nike Continues Work on Lamar Warehouse -

Nike Inc. has filed a $1.8 million building permit application with the city-county Office of Construction Code Enforcement to install a rack system at its 5155 Lamar Ave. warehouse.

19. Investors See Benefits, Drawbacks In Access to Real-Time Technology -

Twenty years ago, if John Laughlin needed data on the stock market, he logged in to a Bloomberg terminal and started doing research.

20. Germantown Village Square Sells for $27.3 Million -

7694 Poplar Ave.
Germantown, TN 38138

Sale Amount: $27.3 million

Sale Date: April 24, 2017 

Buyer: PEBB Enterprises

21. Germantown Village Square Sells for $29.3 Million -

A Boyle Investment Co. real estate investment fund has sold Germantown Village Square to PEBB Enterprises, a private equity firm based in Boca Raton, Florida, for $29.3 million.

22. Boyle Investment Fund Sells Germantown Village Square for $29.3M -

A Boyle Investment Co. real estate investment fund has sold Germantown Village Square to PEBB Enterprises, a private equity firm based in Boca Raton, Florida, for $29.3 million.

23. EDGE Board Approves Two PILOTs, GMACW Merger -

The Economic Development Growth Engine for Memphis and Shelby County on Wednesday, April 19, granted tax abatements for a pair of companies with capital investment plans totaling $34 million and approved a resolution that allows the Greater Memphis Alliance for a Competitive Workforce to merge into EDGE.

24. Nucor Steel, Rice Manufacturer Seek Memphis Incentives -

Two companies have filed applications with the Economic Development Growth Engine for Memphis and Shelby County for tax incentives that would allow them to expand operations in the Mid-South.

Nucor Steel Memphis and Ebrofrost North America are both seeking PILOTs (payment-in-lieu-of-taxes) that would result in a combined investment of $34 million and 31 net new jobs, according to their respective applications.

25. Oden to Rehab Building Downtown for New HQ -

The Center City Revenue Finance Corp. has approved an eight-year PILOT (payment-in-lieu-of-taxes) for Oden & Associates Inc., a locally owned marketing firm, to turn a vacant 77-year-old warehouse two blocks from the FedExForum into its headquarters.

26. First Horizon Reports Busy, Profitable First Quarter -

First Tennessee Bank’s parent company kicked off 2017 with a busy first quarter, a period in which the company saw net income growth of 13 percent, an improvement in deposits and loans, a 29 percent boost to its dividend and the closing of a key acquisition.

27. Shops of Wolflake Near Wolfchase Sells for $4.8M -

2965 N. Germantown Parkway
Bartlett, TN 38133 

Sale Amount: $5 million

Sale Date: March 31

Buyer: WFL Retail LLC

28. CCRFC OKs Sheraton Deal, Incentive for Oden HQ -

The sale of the 600-room Sheraton Memphis Downtown took a step forward Tuesday, April 11.

The Center City Revenue Finance Corp. unanimously approved a request to reassign an existing payment-in-lieu-of-taxes incentive for the hotel, 250 N. Main St., to a joint venture between Louisville, Kentucky-based Schulte Hospitality Group and Starwood Capital Group.

29. Memphis Industrial Market Continues Strength in Q1 -

The Memphis area industrial real estate market closed the first quarter with positive net absorption, a strong start to 2017 that builds on a nearly four-year streak.

The market closed with 1.3 million square feet of positive net absorption and a total vacancy rate of 8 percent, according to commercial real estate company CBRE’s Q1 2017 Memphis Industrial MarketView report. It is the 15th consecutive quarter the market has closed with positive net absorption.

30. Oden to Rehab Building Downtown for New HQ -

Plans to breathe new life into a vacant 77-year-old warehouse two blocks from the FedExForum have been submitted by Oden & Associates Inc., a locally owned marketing firm looking to relocate its headquarters.

31. Local Trucking Company Buys Land for New Office -

JIT-EX, a locally owned for-hire trucking fleet, has bought three parcels of land in Whitehaven from Estes Express Lines for $2.4 million, according to paperwork filed with the Shelby County Register of Deeds.

32. Hickory Hill Industrial Park Warehouse Sells for $1.6M -

A 102,500-square-foot warehouse in Hickory Hill Industrial Park has sold for $1.6 million, according to paperwork filed with the Shelby County Register of Deeds.

Libra Properties LLC purchased the warehouse, located at 5837 Distribution Drive, from C L I Incorporated, according to the March 31 deed.

33. Memphis Industrial Market Continues Positive Trend in 2017 -

The Memphis area industrial real estate market closed the first quarter with positive net absorption, a strong start to 2017 that builds on a nearly four-year streak.

The market closed with 1.3 million square feet of positive net absorption and a total vacancy rate of 8 percent, according to commercial real estate company CBRE’s Q1 2017 Memphis Industrial MarketView report. It is the 15th consecutive quarter the market has closed with positive net absorption.

34. Last Word: Spring Votes, Those Tax Bills and Tim McCarver on Baseball Changes -

Look for more details on the specifics of the “Gateway” project to start to emerge now that a crucial if overlooked piece of the geographic puzzle in the north Downtown area has come into public view. The city’s largest hotel, also the city’s original convention center hotel, is about to change hands and go back to flying the Marriott flag.

35. Marketing Firm to Rehab Vacant Downtown Building for New HQ -

Plans to breathe new life into a vacant 77-year-old warehouse two blocks from the FedExForum have been submitted by Oden & Associates Inc., a locally owned marketing firm looking to relocate its headquarters.

36. Hickory Hill Industrial Park Warehouse Sells for $1.6M -

A 102,500-square-foot warehouse in Hickory Hill Industrial Park has sold for $1.6 million, according to paperwork filed with the Shelby County Register of Deeds.

Libra Properties LLC purchased the warehouse, located at 5837 Distribution Drive, from C L I Incorporated, according to the March 31 deed.

37. Local Trucking Company Buys Land for New Office -

JIT-EX, a locally owned for-hire trucking fleet, has bought three parcels of land in Whitehaven from Estes Express Lines for $2.4 million, according to paperwork filed with the Shelby County Register of Deeds.

38. Yuletide Completes Warehouse Expansion -

Memphis-based Yuletide Office Solutions recently completed an expansion effort at its warehouse.

This additional 2,000 square feet will allow the office products company to increase the items it stocks.

39. Last Word: The CA Marks A Year, Bike Lanes and Nicole Miller for Fashion Week -

The city of Memphis is in a two-front legal fight in federal court over alleged surveillance of protesters that landed several dozen of them on the City Hall list – according to each of the two lawsuits filed this past month.

40. Spice Maker to Open Marshall County Warehouse, Hiring 48 -

BYHALIA, Miss. (AP) – McCormick & Co. will open a distribution center in north Mississippi, investing $6 million in equipment and hiring 48 workers.

41. Last Word: Tri-State Inks Move to Midtown, Main and Gayoso and 'Wise Trek' -

The open land across Union Avenue from AutoZone Park remains just that as some of it has changed hands again. Vision Hospitality buying the land that had been the location of the Greyhound bus station at Union and Hernando. Vision Memphis LLC sold to Vision Hospitality of Knoxville for $4 million, according to a warrant deed we reviewed Monday.

42. Yuletide Completes Warehouse Expansion -

Memphis-based Yuletide Office Solutions recently completed an expansion effort at its warehouse.

This additional 2,000 square feet will allow the office products company to increase the items it stocks.

43. Binghampton Gateway Builds on Decade of Momentum -

While construction recently began on the large-scale Binghampton Gateway Center and more development is on the way, the revitalization process to bring businesses and jobs back to the distressed Binghampton area began more than a decade ago.

44. Former Senses Nightclub To Be Sold in Foreclosure -

The shuttered Senses nightclub on Poplar Avenue is facing foreclosure after its owners, who had planned to resurrect the once-popular nightclub, defaulted on a $1.1 million loan.

C&R Events Enterprise LLC bought the former Senses property at 2866 Poplar Ave. from Mascom Properties for $1.2 million in May 2015. The purchase included the 14,700-square-foot warehouse that housed the nightclub as well as the adjacent 134-space parking lot.

45. Hickory Hill Home Depot Site Sells for $15 Million -

3469 Riverdale Road
Memphis, TN 38115 

Sale Amount: $15.7 million

Sale Date: March 3, 2017

Buyer: Spirit Realty Capital

46. Former Senses Nightclub Facing Foreclosure Sale -

The shuttered Senses nightclub on Poplar Avenue is facing foreclosure after its owners, who had planned to resurrect the once-popular nightclub, defaulted on a $1.1 million loan.

C&R Events Enterprise LLC bought the former Senses property at 2866 Poplar Ave. from Mascom Properties for $1.2 million in May 2015. The purchase included the 14,700-square-foot warehouse that housed the nightclub as well as the adjacent 134-space parking lot.

47. Church Health Partners With Advance Memphis -

Church Health’s resource production team is now employing Advance Memphis graduates to manage its online orders, shipping and inventory of educational materials.

Church Health creates content and materials to educate, encourage and equip ministries as part of the organization’s ongoing effort to promote wellness in communities and congregations. Church Health Resources creates and distributes these publications, which includes the quarterly magazine Church Health Reader.

48. Mallory Alexander Inks Three-Year Industrial Lease -

Memphis-based shipping company Mallory Alexander International Logistics has signed a three-year lease for space at 4221 Pilot Drive.

49. March 10-16, 2017: This week in Memphis history -

1835: A letter from Mayor Marcus Winchester reads in part: “We are involved in another lawsuit involving important interests in relation to the John Rice grant. You are aware that since 1828 a mud bar has been accumulating in front of this town. During last summer two warrants were located upon this bar, in the name of J.D. Martin, amounting together to 44 1/2 acres, for which a grant has actually been obtained from the state.”

50. Mallory Alexander Inks Three-Year Lease -

Memphis-based shipping company Mallory Alexander International Logistics has signed a three-year lease for space at 4221 Pilot Drive.

51. Church Health Partners With Advance Memphis -

Church Health’s resource production team is now employing Advance Memphis graduates to manage its online orders, shipping and inventory of educational materials.

Church Health creates content and materials to educate, encourage and equip ministries as part of the organization’s ongoing effort to promote wellness in communities and congregations. Church Health Resources creates and distributes these publications, which includes the quarterly magazine Church Health Reader.

52. Last Word: Gas Tax Conflict, Redbirds Changes and Hidden Office Space -

The CEO of Memphis-based AutoZone, Bill Rhodes, among the corporate leaders meeting with President Donald Trump recently to urge him to abandon plans for a border tax. This is the tax on goods imported to the U.S. from other countries that U.S. Rep. David Kustoff says also has some opposition among Republicans in D.C.

53. EDGE, U of M Partner On Regional Database -

The University of Memphis’ Sparks Bureau of Business and Economic Research and the Economic Development Growth Engine for Memphis and Shelby County are partnering to develop a data warehouse, web portal and associated editorial content.

54. Within Memphis’ Massive Industrial Market Lies ‘Hidden Office Space’ -

It’s easy to dismiss the city’s abundance of large warehouses as just big boxes full of smaller boxes, but according to Cushman & Wakefield/Commercial Advisors president and CEO Larry Jensen, that would be a mistake.

55. EDGE, U of M Partner On Regional Economic Database -

The University of Memphis’ Sparks Bureau of Business and Economic Research and the Economic Development Growth Engine for Memphis and Shelby County are partnering to develop a data warehouse, web portal and associated editorial content.

56. Brewery District Developer Pulls $1.1M Building Permit -

495 Tennessee St., Memphis, TN 38103: Montgomery Martin Contractors LLC has filed a $1.1 million building permit application with the city-county Office of Construction Code Enforcement for tenant buildout in the former Tennessee Brewery, located at 495 Tennessee St.

57. EDGE, U of M Partner to Create Regional Economic Database -

The University of Memphis’ Sparks Bureau of Business and Economic Research and the Economic Development Growth Engine for Memphis and Shelby County announced they will be working together to develop a data warehouse, web portal and associated editorial content.

58. Turner’s Midtown Expansion Continues With $4.9M Permit -

Turner Holdings LLC’s multimillion-dollar plans to upgrade its Midtown location took another step toward completion as the company filed for a $4.94 million building permit application with the city-county Office of Construction Code Enforcement.

59. February 17-23, 2017: This week in Memphis history -

2015: Eric Trump, son of future President Donald Trump, is in Memphis for the opening of the new Eric Trump Foundation Surgery and ICU Center at St. Jude Children’s Research Hospital.

The facility is part of the $198 million Kay Research and Care Center that will also include a proton therapy center and the Marlo Thomas Center for Global Education and Collaboration.

60. Panel OKs Downtown Project, Midtown Changes -

The Center City Revenue Finance Corp. approved two Downtown projects and changes for Belz Enterprises mixed-use development at Union Avenue and McLean Boulevard in Midtown on Tuesday, Feb. 14.

61. Bank Acquires Foreclosed Recycling Facility -

First Capital Bank has acquired a Downtown recycling plant for $1.8 million in foreclosure, according to a substitute trustee’s deed filed with the Shelby County Register of Deeds on Feb. 3.

62. Edge District Employing Micro Concept to Stir Retail Offerings -

Successful rehabilitation projects in the city’s core like Broad Avenue, Crosstown and Overton Square have demonstrated the impact innovative ideas can have on struggling neighborhoods, but fine-tuning the right approach for each neighborhood is far from a perfect science.

63. State Of The Suburbs -

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.

64. Midtown Market Developers Scale Back Plans -

The proposed Midtown Market mixed-use development at Union Avenue and McLean Boulevard has changed as its developers continue to seek financing and adjust more than a year after they unveiled the ambitious but tentative plan.

65. Temple Israel Expanding Into Crosstown Concourse -

495 N Watkins St.
Memphis, TN 38104

Tenant: Temple Israel

Details: In a letter that went out to its congregation over the weekend, Temple Israel announced plans to expand into the Crosstown Concourse this summer.
Officials said the new Crosstown campus won’t be a second synagogue, but will instead enhance the Temple’s community outreach programs.
“We believe that Temple will thrive in Crosstown and that you, the members, will be truly amazed by the collaboration in the years ahead,” Temple Israel president Elkan Scheidt said in the email. “Crosstown’s creativity, innovation, and social-action focus aligns seamlessly with Temple and Reform Judaism’s inclusive philosophy.”
Temple Israel formed a preliminary Crosstown committee, which included Cara Greenstein, Alex Shindler, Daniel Kiel, Meggan Kiel, Bruce Landau, Susanne Landau, Joanna Lipman, Josh Lipman, Liz Rudnick and Elton Parker to discuss the move before deciding to sign a lease for a 1,200-square-foot “Midtown Living Room” in the Concourse.
“By offering countless programming and Tikkun Olam opportunities, Temple Israel Crosstown will bring the celebrated Temple Israel spirit of 38120 to 38104,” the announcement went on to say. “It will also become a new member gateway for unaffiliated Downtown/Midtown Jews and newcomers to Memphis.”
“Tikkun Olam, Hebrew for “repairing this broken world,” expresses the fundamental Jewish idea that what we do to heal the hurt and help those who are suffering most – in our city and in this world – is what matters most to the one God who loves us all,” Rabbi Micah Greenstein, senior rabbi at Temple Israel, said.
The email outlined some of the programs Temple Israel could offer in Crosstown, such as partnerships with their Crosstown neighbors, lunch and learns, baby-and-me classes, Hebrew tutoring and Women of Reformed Judaism-Sisterhood knitting for the Manna House.
Temple Israel, which is located at 1376 E. Massey Road, was founded in 1854 as the first permanent Jewish house of worship in Tennessee and now serves 1,500 member families in the Memphis area. 

66. Airport-Area Property Sells for $300,000 -

A nearly 3-acre parcel with a pair of 30,000-plus-square-foot buildings near the Memphis International Airport has sold for $300,000.

The parcel, which is located at 3592 Knight Arnold Road near Kathy Cove, is home to a 35,000-square-foot warehouse and a 31,200-square-foot office building.

67. Airport-Area Property Sells for $300,000 -

A nearly 3-acre parcel with a pair of 30,000-plus-square-foot buildings near the Memphis International Airport has sold for $300,000.

The parcel, which is located at 3592 Knight Arnold Road near Kathy Cove, is home to a 35,000-square-foot warehouse and a 31,200-square-foot office building.

68. 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

69. Redeemers Group to Open Little Rock Office -

Redeemers Group, a Memphis-based specialty contractor, is preparing to expand with the opening of an Arkansas office in January.

Redeemers Group, which specializes in mold prevention, crawl space encapsulation, basement waterproofing and foundation repair, acquired 7,734 square feet of office and warehouse space at 224 W. 13th St. in North Little Rock on Dec. 1, according to a release.

70. 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.

71. Mahaffey Tent & Event Rentals: All Grown Up, Flexing Creative Muscle -

The beginning of Mahaffey Tent & Event Rentals goes all the back to 1924, when three brothers – Owen, Gene and Earl Mahaffey – got their start making awnings, canvas tarpaulins and cotton pick sacks.

72. Riding Momentum -

Around this time each year, everyone tends to start fetishizing the blank slate a bit, with its attendant allure of reinvention and that sweeping away of the old order to make way for what comes next.

73. 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.

74. Memphis Bridge Protest Underscores 2016 National Narrative on Race, Police -

It was a year to the month since Memphis Police officer Connor Schilling shot and fatally wounded Darrius Stewart during a traffic stop in Hickory Hill. Stewart’s death in July 2015 and a subsequent decision by a Shelby County grand jury that Schilling would face no state criminal charges was still an issue in Memphis. This past July, it became the local face of a resumed national narrative.

75. Last Word: Change at the Top, Legislature New Year's Resolution and Election Selfies -

It’s the Grizz and the Thunder Thursday at the Forum followed by the Tigers and South Carolina at the Forum Friday. And yes there are still people in town watching football. They are here for the AutoZone Liberty Bowl earlier in the day Friday between Georgia and TCU. You should join them.

76. Midtown Retail Property Sells for $5 Million -

1625 Poplar Avenue

Memphis, TN 38104 

Sale Amount: $5 million

Sale Date: Dec. 21, 2016

77. Redeemers Group to Open Little Rock Office -

Redeemers Group, a Memphis-based specialty contractor, is preparing to expand with the opening of an Arkansas office in January.

Redeemers Group, which specializes in mold prevention, crawl space encapsulation, basement waterproofing and foundation repair, acquired 7,734 square feet of office and warehouse space at 224 W. 13th St. in North Little Rock on Dec. 1. The location will allow the company to increase its footprint in Arkansas while better serving their current customers in the area.

78. Nonprofits Raised Value In 2016 In Many Ways -

In any given year, charitable giving might rise or fall. But when the Chronical of Philanthropy analyzed the giving of the country’s 50 largest cities via Internal Revenue Service data, it captured a larger sample size: 2006 through 2012.

79. Last Word: Fred's Post Mortem, Karen Camper on Guns and Pentatonix at Calvary -

Who knew Fred’s could become probably the most complex local business story of the year? More post mortem on the $950 million deal announced this week in which the Memphis-based corporation bought 865 Rite Aid stores from Walgreens and Rite-Aid, who are working toward an acquisition and merger deal of their own.

80. 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.

81. Developer Buys Former Merle Norman Warehouse -

Merle Norman Cosmetics Inc. has sold its former Memphis distribution center to local real estate developer Thomas Farnsworth Jr. for $1.3 million.

82. Local Developer Buys Former Merle Norman Warehouse -

Merle Norman Cosmetics Inc. has sold its former Memphis distribution center to local real estate developer Thomas Farnsworth Jr. for $1.3 million.

83. 1 Small Delivery for a Man, 1 Giant Leap for Amazon, Drones -

ATLANTA (AP) – Drone delivery has begun.

On Dec. 7, a bag of popcorn, along with an Amazon Fire TV stick, left a Cambridge warehouse in the U.K. and 13 minutes later, both were accepted by an Amazon customer, one of two who had agreed to be part of the test program.

84. Growing Pains -

In many ways, Citizens to Preserve Overton Park v. Volpe in 1971 shaped the way Midtown Memphis looks today, so it’s only fitting that the park continues to inspire citizens to fight for what they feel is right.

85. Design Board OKs Signs For ServiceMaster, Old Dominick -

After the votes were cast, Downtown Memphis Commission president Terence Patterson said he could not contain his excitement over ServiceMaster’s newly approved sign package.

86. Council Approves Two Downtown Hotels, Sets Vote on Dairy Expansion -

Memphis City Council members approved two conversions of Downtown buildings into hotels Tuesday, Dec. 6, and set a Jan. 17 date for a public hearing and vote on expansion plans for the Turner Dairy in Overton Square.

87. Council Approves Pair of Downtown Hotels, Sets January Vote on Dairy Expansion -

Memphis City Council members approved two conversions of Downtown buildings as hotels Tuesday, Dec. 6, and set a Jan. 17 date for a public hearing and vote on expansion plans for the Turner Dairy in Overton Square.

88. Last Word: Football Comes Back, Snuff on Front Street and Pot Is Short of Seven -

I have a question that some of you may not care for? Is football making a comeback in this basketball town for a more prominent place in the conflicted and diverse hothouse that is Memphis culture?

89. Dunavant Expands Into China While Bolstering the Company Stateside -

With a strong presence on the Gulf Coast and in the Southeast, the acquisition of a private customs brokerage company in Mobile, Alabama, made sense for Memphis-based Dunavant Global Logistics Group LLC.

90. Downtown Newcomers Seek Sign Exceptions -

The Downtown Memphis Commission’s Design Review Board will meet next week to discuss some potential changes to the Downtown Memphis skyline.

Both highly touted applicants, Old Dominick Distillery and ServiceMaster, are proposing changes that will alter the visual presence of Downtown. ServiceMaster is proposing a package of 14 signs while Old Dominick is requesting a four-sign package consisting of both permanent and temporary signage.

91. Kirk-Ivy Named 2016 Mississippi Commercial Realtor -

Bambi K. Kirk-Ivy, a commercial Realtor and marketing director at Olive Branch-based Utley Properties, recently was recognized as the 2016 Mississippi Commercial Realtor of the Year at the annual Mississippi Realtors Convention and Expo.
As a landlord representative for all of Utley’s properties, most of Kirk-Ivy’s work has been in retail; however, she says the company is now focusing on light industrial-type flex spaces consisting of office, showroom and warehouse uses.
In 2017, she also will serve as the northern district director on the Mississippi Commercial Association of Realtors board of directors. 

92. On-Demand Storage Offers Seasonal Space Relief -

With popular companies like Uber and Airbnb redefining their industries, it’s no surprise that other sectors are starting to tap into the country’s growing interest in on-demand services.

93. International Paper Strengthens Partnership With Mid-South Food Bank -

International Paper Co. presented the Mid-South Food Bank with a check for $1.25 million in support of its signature charity last week and the timing was excellent because, well, there is never not a good time for the Food Bank to receive that kind of generous help.

94. IKEA Memphis to Install Electric Vehicle Stations -

IKEA plans to install three electric vehicle charging stations at the Memphis store it’s opening on Dec. 14.

Globally, IKEA says it evaluates locations for conservation opportunities, integrates innovative materials into product design, works to maintain sustainable resources, and flat-packs goods for efficient distribution. U.S. sustainable efforts include recycling waste material; incorporating environmental measures such as energy-efficient HVAC and lighting systems, recycled construction materials, skylights in warehouse areas and water-conserving restrooms; eliminating plastic bags from the checkout process; and selling only LED bulbs.

95. Events -

Nutcracker Ballet Ensemble & School will perform “Nut ReMix” with special guest Charles “Lil Buck” Riley Friday through Sunday, Nov. 18-20, at the Cannon Center, 255 N. Main St. The show is a new take on Tchaikovsky’s “The Nutcracker” set on Beale Street, with music performed by the Memphis Symphony Orchestra and Big Band. Visit newballet.org for times and tickets.

96. IKEA Memphis to Install Electric Vehicle Stations -

IKEA plans to install three electric vehicle charging stations at the Memphis store it’s opening on Dec. 14.

Globally, IKEA says it evaluates locations for conservation opportunities, integrates innovative materials into product design, works to maintain sustainable resources, and flat-packs goods for efficient distribution. U.S. sustainable efforts include recycling waste material; incorporating environmental measures such as energy-efficient HVAC and lighting systems, recycled construction materials, skylights in warehouse areas and water-conserving restrooms; eliminating plastic bags from the checkout process; and selling only LED bulbs.

97. IP Giving $1.25 Million Grant To Mid-South Food Bank -

International Paper Co. chairman and CEO Mark Sutton will present a $1.25 million check to Mid-South Food Bank on Wednesday, Nov. 16, at 10:30 a.m., as part of the company’s support of Mid-South Food Bank as its signature charity. The event will take place at 239 S. Dudley St.

98. The Week Ahead: November 14-20 -

Good morning, Memphis! It’s finally feeling like fall outside – just in time for Graceland to flip with switch on Elvis’ Christmas light display. Plus, we have details on a couple of autumn-themed parties, plenty of basketball, and more to keep you busy in The Week Ahead…

99. The Week Ahead: November 7-13 -

Good morning, Memphis! From Tigers and Grizzlies to a party that’ll make you howl, this week is all about the animals – oh, and did we mention there’s an election, too? Check out details on those and other need-to-know happenings in The Week Ahead…

100. Cordova Flex Development Sells for $6.3 Million -

The Horizon Business Center, a flex warehouse development on the north side of Interstate 40 near Wolfchase Galleria, has sold for $6.3 million.

Three limited liability companies affiliated with Louisville, Colorado-based Real Capital Solutions bought the 23,750-square-foot building at 2525 Horizon Lake Drive and the 41,300-square-foot building at 2565 Horizon Lake Drive from MM Industrial Memphis LLC in an Oct. 25 warranty deed.