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Editorial Results (free)

1. Site of Amazon's HQ2 Has Much to Learn From Seattle -

SEATTLE (AP) – Memo to the many places vying for Amazon's second headquarters: It ain't all food trucks and free bananas.

For years, much of downtown Seattle has been a maze of broken streets and caution-taped sidewalks. Dozens of enormous cranes tower overhead as double-length dump trucks hauling excavated dirt rumble past pedestrians and bicyclists. The crashing and clanging of construction is the city's soundtrack on a perpetual loop.

2. Highline Aftermarket Expands at Memphis HQ -

Highline Aftermarket, a manufacturer and distributor of automotive chemicals, lubricants, parts, tools and related accessories, is expanding its existing Memphis presence and headquarters in Memphis.

3. Pettit Joins Food Bank As Chief Development Officer -

Attorney Peter Pettit has joined Mid-South Food Bank as chief development officer following his recent retirement as a partner in the Memphis office of Bass, Berry & Sims PLC. In his new role, Pettit works closely with food bank leaders to develop strategies and relationships with major gift donors, and specifically is working to complete the $12.5 million “Hunger to Hope” capital campaign.

4. Prologis Sells 2 Industrial Buildings for $23.8 Million -

San Fransisco-based Prologis Inc. has sold two parcels of its Memphis portfolio for a combined $23.8 million.

5. Designs for 3 Downtown Redevelopment Projects Approved -

Plans for three prominent Downtown redevelopment projects received the architectural green light Wednesday afternoon, Oct. 11, from the Downtown Memphis Commission’s Design Review Board.

Developer 495 TN Partners, which includes partners William Orgel, Jay Lindy and Adam Slovis, will be able to begin construction on Phase II of the Tennessee Brewery development at the southeast corner of Tennessee Street and Butler Avenue in the South Main Historic Arts District.

6. First Music Project Funded Through Memphis Slim House Loan Program -

Attendees of the Eric Hughes Band’s CD release party next week won’t see everything that goes into making a collection of tunes like the band’s latest.

The album – “Meet Me in Memphis” – and band will be feted Oct. 21 at the warehouse behind Earnestine & Hazel’s during a bash that includes live music and food by Central BBQ. Among the things that won’t be apparent amid the festivities, though, is all the work that goes into an undertaking like this, and the honing of chops that for Hughes has meant playing about 3,000 shows in Memphis since 2001.

7. Prologis Sells Two Industrial Buildings for $23.8M -

San Fransisco-based Prologis Inc. has sold two parcels of its Memphis portfolio for a combined $23.8 million.

8. Auto Supplier Denso: $1B Investment in Tennessee Plant -

NASHVILLE, Tenn. (AP) – Automotive supplier Denso announced plans Friday to invest $1 billion and create more than 1,000 new jobs in its main Tennessee facility to meet growing demand for electric vehicle parts.

9. Outdoors Retailer REI Planning First Memphis Store -

5895 Poplar Ave.
Memphis, TN 38119

Permit Amount: $900,000

Owner: Weingarten Realty

Tenant: REI

Details: Seattle, Washington-based sporting and camping goods retailer REI has filed a $900,000 building permit application for tenant improvement in the former Sports Authority building at 5895 Poplar Ave. in the Ridgeway Trace shopping center.

10. Constant Aviation Inks Deal Near Airport -

Cleveland, Ohio-based Constant Aviation recently signed a lease to occupy 33,950 square feet at 3720 Distriplex Drive near the intersection of Getwell Road and Shelby Drive.

11. Last Word: The Chamber on Forrest, Different Amazon News & More 2018 Dominoes -

The Greater Memphis Chamber rolls out its part of the push by the city administration to get a state waiver for the removal of the Nathan Bedford Forrest statue. Next week is the meeting of the Tennessee Historical Commission with Memphis Mayor Jim Strickland showing up to make his pitch. That is even though the chairman of the body has told him the commission will not take up a waiver at the meeting.

12. Amazon Planning Memphis Distribution Center, Sources Say -

Memphis is poised to land a massive Amazon distribution facility just north of the state line in Southeast Shelby County, according to multiple sources familiar with the project.

The Daily News first reported last week that Atlanta-based developer IDI Gazeley is launching a new large-scale commercial warehouse less than two miles from the Memphis International Airport, which appears to be the site that Amazon has targeted for its new fulfillment center.

13. Constant Aviation Inks Deal Near Airport -

Cleveland, Ohio-based Constant Aviation recently signed a lease to occupy 33,950 square feet at 3720 Distriplex Drive near the intersection of Getwell Road and Shelby Drive.

14. Positive Absorption Streak Continues in Industrial Market -

For the 17th straight quarter, the Memphis area industrial market continued its positive absorption streak, as it wrapped up Q3 2017 with more than 800,000 square feet of positive net absorption, according to commercial real estate brokerage firm CBRE’s Memphis Industrial MarketView Report.

15. IDI Planning Huge Facility Near Airport -

Atlanta-based developer IDI Gazeley appears to be planning a large-scale commercial warehouse less than two miles from the Memphis International Airport.

Located at 3292 Holmes Road, near the intersection of Holmes and Tchulahoma roads, IDI has already began moving dirt on the 139-acre site to prepare for a new commercial warehouse facility. The property is currently being marketed by Scott Pahlow with the commercial real estate advisory firm Newmark Knight Frank.

16. DHL Planning New Memphis Distribution Facility -

0 Tchulahoma Rd.
Memphis, TN 38118

Tenant: DHL Supply Chain

Landlord: Belz Enterprises

17. DHL Planning New Memphis Distribution Facility -

International shipping giant DHL Supply Chain is planning a massive new development just north of the Tennessee-Mississippi state line.

The global logistics division of Germany’s Deutsche Post DHL Group is looking to build a 580,000-square-foot distribution facility on 55 acres of vacant land east of Tchulahoma Road and west of Meltech Boulevard on the northern border of the state line.

18. GPAC Planning New Open-Air Venue -

1801 Exeter Road, Germantown, TN 38138

Owner: Germantown Performing Arts Center

19. Massachusetts Investor Buys Warehouse on Delp -

Wellesley, Massachusetts-based Trident Capital Group has purchased a 150,000-square-foot industrial facility in the airport submarket for $3.5 million.

Trident, doing business as TCG 4290 Delp LLC, bought the warehouse at 4290 Delp St. from a group of investors comprised of three individual entities, according to a warranty deed filed with the Shelby County Register Sept. 19. Ronald Baumgarten with RNB Interests controlled 55 percent of the selling entity, while Brett Baumgarten with BRB Interests and Brett Keeshin with BAK Interests controlled 22.5 percent each.

20. Raised From the Dead -

GHOST AND SPIRIT. I walked through the town at mid-morning. Like any town you spend a lifetime in, you know people.

I spoke to the guy that owns the coffee shop, Jimmy Lewis, as he walked between customers over cups and conversation. He and I went to the same high school, and I see they’re building a new high school right here in town – going to be trying all kinds of new ideas in there, a public/private, secondary/higher education partnership model for the country I’m told.

21. Massachusetts Investor Buys Airport-Area Facility -

Wellesley, Massachusetts-based Trident Capital Group has purchased a 150,000-square-foot industrial facility in the airport submarket for $3.5 million.

Trident, doing business as TCG 4290 Delp LLC, bought the warehouse at 4290 Delp St. from a group of investors comprised of three individual entities, according to a warranty deed filed with the Shelby County Register Sept. 19. Ronald Baumgarten with RNB Interests controlled 55 percent of the selling entity, while Brett Baumgarten with BRB Interests and Brett Keeshin with BAK Interests controlled 22.5 percent each.

22. Germantown Medical Office Sells for $16M -

1325 Wolf Park Drive, Germantown, TN 38138

Sale Amount: $15.9 million

Buyer: Global Medical REIT

23. Memphis Industrial Center Sells for $3.7 Million -

Boston-based real estate investment firm Plymouth Industrial REIT has expanded its local portfolio with the acquisition of a 132,000-square-foot industrial center in southeast Memphis.

In the deal, Plymouth purchased the property from Huntington Industrial Partners for $3.7 million.

24. SE Memphis Industrial Center Sells for $3.7 Million -

Boston-based real estate investment firm Plymouth Industrial REIT has expanded its local portfolio with the acquisition of a 132,000-square-foot industrial center in southeast Memphis.

In the deal, Plymouth purchased the property from Huntington Industrial Partners for $3.7 million.

25. Soulsville Gateway Has 2nd Site -

The South Memphis Alliance is about to close on a 52,923-square-foot warehouse on South Bellevue at Walker Street, the second part of a hard-fought gateway to the Soulsville area that has been in the works for the past five years.

26. Plymouth REIT Expands Memphis Portfolio -

Boston-based real estate investment firm Plymouth Industrial REIT has expanded its local portfolio with the acquisition of a 132,000-square-foot industrial center in southeast Memphis.

In the deal, Plymouth purchased the property from Huntington Industrial Partners for $3.7 million.

27. Tennessee Taco Opens in Former Los Compadres Space -

3295 Poplar Ave.
Memphis, TN 38111

28. Honeywell Inks Lease At Airport Industrial Park -

Honeywell International Inc., a Fortune 100 software-industrial company based in New Jersey, has signed a lease to occupy 100,000 square feet inside the Airport Industrial Park.

29. Marketing Firm Prepares For New Downtown HQ -

Oden & Associates Inc., a locally owned marketing firm, has filed a pair of permits totaling $3.6 million to renovate its future headquarters at 158 Vance Ave. in Downtown Memphis.

30. Financial Services Firm Takes Floor in Clark Tower -

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. 

31. Financial Services Firm Takes Floor in Clark Tower -

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. 


32. Marketing Firm Moving Ahead With New Downtown HQ -

Oden & Associates Inc., a locally owned marketing firm, has filed a pair of permits totaling $3.6 million to renovate its future headquarters at 158 Vance Ave. in Downtown Memphis.

33. Pottery Studio/Coffee House to Open on Highland Strip -

549 S. Highland St.
Memphis, TN 38122

Lease Size: 2,788 square feet

34. Appliance Company Inks Memphis Industrial Lease -

CE North America, a subsidiary of appliance maker CEM Global, recently signed a lease to occupy a 45,000-square-foot facility in Southeast Memphis.

Hank Martin, NAI Saig Co. vice president and business manager, represented the tenant in the deal, while Tim Mashburn, vice president of Collier International’s Industrial Division, represented the landlord, DP 73 LLC.

35. Appliance Company Inks Lease in Southeast Memphis -

CE North America, a subsidiary of appliance maker CEM Global, recently signed a lease to occupy a 45,000-square-foot facility in Southeast Memphis.

Hank Martin, NAI Saig Co. vice president and business manager, represented the tenant in the deal, while Tim Mashburn, vice president of Collier International’s Industrial Division, represented the landlord, DP 73 LLC.

36. UTHSC Readies New Pharmaceutical Manufacturing Facility -

UTHSC is putting the final touches on its new $20 million Plough Center for Sterile Drug Delivery Systems, a pharmaceutical manufacturing facility at the site of a former warehouse at 208 S. Dudley St. in the Memphis Medical District.

37. South City Redevelopment Activity Heating Up -

The up-and-coming South City neighborhood is enjoying a resurgence of redevelopment activity lately, with the restoration of several historic properties, new multifamily construction and talk of bringing in a grocery store. The city and the Downtown Memphis Commission have been instrumental in the renewed interest, with noteworthy projects including the Clayborn Temple, the Universal Life Building and the demolition of Foote Homes.

38. Crosstown Concourse Opens in 'Resurrection' -

With the First Baptist Church – Broad choir singing “Amazing Grace,” the $200-million mixed-use Crosstown Concourse development opened Saturday, Aug. 19, 90 years to the month that the building opened as a Sears-Roebuck store and distribution center.

39. South City Redevelopment Heats Up With Renovations, New Construction -

The up-and-coming South City neighborhood is enjoying a resurgence of redevelopment activity lately, with the restoration of several historic properties, new multifamily construction and talk of bringing in a grocery store. The city and the Downtown Memphis Commission have been instrumental in the renewed interest, with noteworthy projects including the Clayborn Temple, the Universal Life Building and the demolition of Foote Homes.

40. Remaking Crosstown -

As he was leading tours through Crosstown Concourse this month, Todd Richardson took a small group to a set of windows for a balcony view of an addition being constructed on the north side of the property.

41. On a Chaotic Day in DC, Trump Goes After Amazon, Again -

WASHINGTON (AP) – President Donald Trump renewed his attacks on e-commerce giant Amazon, saying Wednesday that the company is "doing great damage to tax paying retailers."

Trump, in a tweet, said that "towns, cities and states throughout the U.S. are being hurt – many jobs being lost!"

42. Deadly Rally Accelerates Removal of Confederate Statues -

In Gainesville, Florida, workers hired by the Daughters of the Confederacy chipped away at a Confederate soldier's statue, loaded it quietly on a truck and drove away with little fanfare.

In Baltimore, Mayor Catherine Pugh said she's ready to tear down all of her city's Confederate statues, and the city council voted to have them destroyed. San Antonio lawmakers are looking ahead to removing a statue from a prominent downtown park.

43. County Commission Approves Sheriff's Office Parking Near CJC -

Shelby County Commissioners approved Monday, Aug. 14, a couple of one-year contracts totaling $226,250 for 519 parking spaces near the Criminal Justice Center for the Shelby County Sheriff’s Office.

44. County Commission Approves Sheriff's Office Parking Near CJC -

Shelby County Commissioners approved Monday, Aug. 14, a couple of one-year contracts totaling $226,250 for 519 parking spaces near the Criminal Justice Center for the Shelby County Sheriff’s Office.

45. Memphis Medical District Bakery Project Closer to Inking Office Deals -

After receiving a 20-year tax incentive from the Center City Revenue Finance Corp. this week, one of the most ambitious projects to come out of the Memphis Medical District in recent memory is one step closer to repopulating the Edge District with an influx of office tenants.

46. Bakery Development Closer to Inking Influx of Office Tenants -

After receiving a 20-year tax incentive from the Center City Revenue Finance Corp. this week, one of the most ambitious projects to come out of the Memphis Medical District in recent memory is one step closer to repopulating the Edge District with an influx of office tenants.

47. Next Big Leap for Apple? – Augmented Reality -

SAN FRANCISCO (AP) – Apple's iPhone may be ready for its next big act – as a springboard into "augmented reality," a technology that projects life-like images into real-world settings viewed through a screen.

48. Hundreds Show Up for Jobs at Amazon Warehouses in US Cities -

FALL RIVER, Mass. (AP) – Hundreds of people showed up Wednesday for a chance to pack and ship products to Amazon customers, as the e-commerce company held a giant job fair at nearly a dozen U.S. warehouses.

49. Older People Dying on Job at Higher Rate Than All Workers -

Older people are dying on the job at a higher rate than workers overall, even as the rate of workplace fatalities decreases, according to an Associated Press analysis of federal statistics.

It's a trend that's particularly alarming as baby boomers reject the traditional retirement age of 65 and keep working. The U.S. government estimates that by 2024, older workers will account for 25 percent of the labor market.

50. Fully Loaded -

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.

51. Now Hiring at Amazon: Thousands of People in 1 Day -

NEW YORK (AP) – Amazon plans to make thousands of job offers in just one day as it holds a giant job fair next week at nearly a dozen warehouses across the U.S. – including one in Chattanooga.

52. Kellogg Cuts 117 Jobs at Rossville Facility -

Kellogg Co. has informed state officials it plans to permanently lay off 117 workers at its Eggo plant at 585 Morrison Road in Rossville.

53. Kellogg Laying Off 117 Fayette County Workers -

Kellogg, the world’s largest cereal company, has informed state officials that the company will be permanently laying off 177 workers at its Fayette County plant located at 585 Morrison Road in Rossville, Tennessee.

54. Bartlett Shopping Center Sells for Nearly $30M -

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.

55. Memphis, Other Secondary Markets Poised for Industrial Growth -

When it comes to logistics, the primary distribution center markets like Atlanta, Chicago and Los Angeles have led the way in terms of warehouse development. But as more companies look to tighten their supply chain, secondary markets – including Memphis; Louisville, Kentucky; and Cleveland, Ohio – have found themselves in a better position to absorb growth.

56. 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.

57. 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. 

58. 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.

59. 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.

60. 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.

61. 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...

62. 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.

63. 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.

64. 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.

65. 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.

66. 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.

67. 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.

68. 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...

69. 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.

70. 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.

71. 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.

72. 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

73. 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.

74. 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.

75. 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.

76. 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

77. 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.

78. 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.

79. 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.

80. 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.

81. 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.

82. 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.

83. 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

84. 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.

85. 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.

86. 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.

87. 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.

88. 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.

89. 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.

90. 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.

91. 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.

92. 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.

93. 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.

94. 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.

95. 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.

96. 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.

97. 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.

98. 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.

99. 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.

100. 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.