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Editorial Results (free)

1. Spikner Plans Shipping-Container Apartment Complex -

126 N Bellevue Blvd.,
Memphis, TN 38104 

Application Date: Dec. 20, 2017

2. Big River -

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

3. CWCapital Sheds Willow Lake Buildings -

3900, 4100 Willow Lake Blvd.
Memphis, TN 38118
Sale Amount: $1.9 million

4. Willow Lake Sales Positive News For The Market -

The sale this week of five properties inside Willow Lake Business Park and Corporate Park for $4.2 million was welcome news for several reasons.

For one, true owners tend to take much better care of properties and market them more aggressively than special servicers like Bethesda, Md.-based CWCapital Asset Management.

5. Willow Lake Building Sold for $1.9 million -

Another building inside Willow Lake Business Park and Corporate Park in Hickory Hill has been sold for $1.9 million.

Willow Lake Business Park LLC acquired 3592 Willow Lake Blvd. from 198-6 Memphis Industrial Portfolio Holdings LLC, which is affiliated with Bethesda, Md.-based special servicer CWCapital Asset Management, according to an Oct. 13 warranty deed.

6. Two Willow Lake Buildings Sold for $1.9 Million -

Two buildings inside Willow Lake Business Park and Corporate Park in Hickory Hill have been sold for $1.9 million.

Eagle Capital LLC acquired 3900 Willow Lake Blvd. and 4100 Willow Lake Blvd. from 198-6 Memphis Industrial Portfolio Holdings LLC, which is affiliated with Bethesda, Md.-based special servicer CWCapital Asset Management LLC, according to an Oct. 13 warranty deed.

7. Commercial Advisors Capital Markets to Zero In on ‘Untapped Segment’ -

Cushman & Wakefield/Commercial Advisors Asset Services LLC has launched a Capital Markets Group, a new service line to complement the firm’s tenant representation and third-party leasing and management businesses.

8. Lease Takes Appling Farms to Capacity -

A distributorship of Pella Corp. has inked 11,300 square feet in Appling Farms Corporate Park, 6972 Appling Farms Parkway.

9. Commercial Advisors Hires, Promotes Associates at Firm -

Cushman & Wakefield/Commercial Advisors Asset Services LLC has promoted Phil Dagastino to senior vice president of office leasing. Dagastino has been with the firm since January 2008.

10. Commercial Advisors Lists Former Hamilton Beach Site -

Cushman & Wakefield/Commercial Advisors LLC has been awarded listing and management of the 900,000-square-foot industrial space at 5461 Davidson Road, the largest vacancy in the Memphis market.

11. Commercial Advisors Awarded Industrial Listing -

Cushman & Wakefield/Commercial Advisors Asset Services LLC has been awarded listing and management of the 900,000-square-foot industrial space at 5461 Davidson Road, the largest vacancy in the Memphis market.

12. Grinding it Out -

After most recessions, real estate bounces back.

But the Great Recession has been notably different – long, deep and very prolonged.

That’s the message Dr. John Gnuschke, director of the Sparks Bureau of Business and Economic Research and co-director of the Center for Real Estate at the University of Memphis, delivered in December at the Urban Land Institute’s Real Estate Outlook for the Mid-South.

13. That's a Wrap -

If the grand sweep of 2011 could be captured on celluloid and presented to an audience on the big screen, all the components of a great film would be readily apparent.

There was drama, in the form of a deluge and historic flooding that led the Mississippi River to crest at nearly 48 feet early in the year. One of the year’s big surprises saw President Barack Obama give the commencement address for the Booker T. Washington High School class of 2011 at the Memphis Cook Convention Center.

14. Prolonged Recession -

In the words of Phil Woodard, an owner of multiple residential and commercial properties in Downtown Memphis, breaking even is the new profit.

Or as national real estate expert Jonathan Miller said earlier this month at the Urban Land Institute’s Real Estate Outlook for the Mid-South, “We cannot expect to make money the way we did a few years ago.”

15. Tubing Maker Doubles Space in Willow Lake -

A Memphis-based tubing supplier is renewing its lease and more than doubling its space in a distressed Hickory Hill industrial park.

Jacob Tubing LP – the U.S. subsidiary of European modular tubing manufacturer Jacob Soehne – has renewed its 10-year lease for 20,232 square feet and expanded into an additional 30,000 square feet at Willow Lake Business Park, 3948 Willow Lake Blvd., in the Southeast industrial submarket.

16. Willow Lake Apartments Fetch $7.8M -

A North Hickory Hill apartment complex has traded hands for the second time in 18 months.

Bloomington, Minn.-based New Life Core Willow Lake LLC has bought Willow Lake Apartments at 2774 Mendenhall Road from NW-Willow Lake LLC for $7.8 million. The purchase was financed with a $7 million loan through KeyBank NA.

17. Lender Buys Willow Lake for $26M -

Willow Lake Business Park and Corporate Park in Hickory Hill sold back to the lender for $26 million Friday, Oct. 14, on the Shelby County Courthouse steps following a foreclosure.

A single-purpose entity named 198-6 Memphis Industrial Portfolio Holdings LLC, which is related to U.S. Bank NA, bought the property from substitute trustee R. Spencer Clift III of Baker, Donelson, Bearman, Caldwell & Berkowitz PC.

18. Willow Lake Foreclosure Sale Slated for Oct. 14 -

The foreclosure sale of the 17-building, mixed-use Willow Lake Business Park and Corporate Park in Hickory Hill is slated for Friday, Oct. 14, at noon at the Shelby County Courthouse, 140 Adams Ave.

19. Foreclosure Notice Rerun for Willow Lake Park -

The planned foreclosure sale of the 17-building, mixed-use Willow Lake Business Park and Corporate Park in Hickory Hill has a new date: July 8, according to a first-run foreclosure notice in today’s Memphis Daily News and online at www.memphisdailynews.com.

20. Cordova’s Parkway Place Hits 100 Pct -

Two recent leases at Parkway Place Office have brought the center to 100 percent occupancy. Guardian Community Living LLC signed a 10,500-square-foot lease in the 70,000-square-foot office annex that is situated in Cordova.

21. Willow Lake Sale Moved to April 22 -

The foreclosure sale of the 17-building, mixed-use Willow Lake Business Park and Corporate Park in Hickory Hill has been postponed until April 22 at noon at the Shelby County Courthouse, 140 Adams Ave.

22. Willow Lake Sale Moved to April 8 -

The foreclosure sale of the 17-building, mixed-use Willow Lake Business Park and Corporate Park in Hickory Hill has been postponed until Friday, April 8, at noon at the Shelby County Courthouse, 140 Adams Ave.

23. Willow Lake Sale Slated for March 11 -

The foreclosure sale of the 17-building, mixed-use Willow Lake Business Park and Corporate Park in Hickory Hill has been postponed until Friday, March 11, at noon at the Shelby County Courthouse, 140 Adams Ave.

24. Willow Lake Foreclosure Sale Slated for Friday -

The foreclosure sale of the 17-building, mixed-use Willow Lake Business Park and Corporate Park in Hickory Hill has been postponed until Friday, March 4, at noon at the Shelby County Courthouse, 140 Adams Ave.

25. Willow Lake Foreclosure Sales Slated for Friday -

The foreclosure sale of the 17-building, mixed-use Willow Lake Business Park and Corporate Park in Hickory Hill has been postponed until Friday, Feb. 25, at noon at the Shelby County Courthouse, 140 Adams Ave.

26. Business Park Slated for Auction Block -

In the past five years, real estate foreclosures have run the gamut from hospitality to retail to multifamily to high-end residential to industrial.

As the commercial market in particular continues to be plagued with record-high vacancies and downward pressure on rental rates, investors are feeling the brunt of the crisis.

27. Multiple Industrial Sites Slated for Foreclosure Sale -

U.S. Bank N.A. has filed a first-run foreclosure notice for several Memphis properties. The substitute trustee’s notice can be read in the print and online editions of The Daily News.

28. Outside Interests Local Sector’s Biggest Benefactors -

As the real estate slump toils on, a Chicago-based company has proven to be a savior of sorts for the local industrial sector.

HSA Commercial Real Estate, already a player in the local market, continued its investments here by pulling the trigger on three of the four most lucrative deals in Shelby County during the past year, all of them in the Oakhaven/Parkway Village area.

29. Industrial Real Estate Shows Rare Q1 Weakness -

Industrial real estate in many ways is the backbone of Memphis’ economy, providing warehouse and distribution space to the myriad transportation companies that move freight in and out of the city.

That sector began 2009 by showing rare signs of weakness, suffering its first three-month period of negative absorption since late 2007. The Memphis Metropolitan Statistical Area saw a loss of 521,677 square feet in the first quarter, according to quarterly data released last week by the Memphis office of CB Richard Ellis.

30. Dental Building Sold In Cordova -

850 Willow Tree Circle, Suite 101
Cordova, TN 38018
Sale Amount: $800,000

Sale Date: March 11, 2009
Buyer: Jason Collier
Seller: William and Jeanne Locante
Loan Amounts: $633,200; $160,000
Loan Dates: March 11, 2009 (both)
Maturity Date: N/A
Lenders: The Huntington National Bank; William and Jeanne Locante

31. Commercial Real Estate Sales Down 18 Percent -

A familiar theme in the commercial real estate market continued in November as a couple of high-dollar transactions kept the month out of the doldrums. Not surprisingly, though, those numbers didn’t do much to salvage an otherwise dismal year.

32. Chicago Company Buys Again In Memphis -

A Chicago real estate firm has bolstered its Memphis presence with another industrial acquisition, its fourth high-dollar deal in the past couple of years.

HSA Commercial Real Estate, operating locally as Memphis Air Trans LP, has bought the 342,860-square-foot, one-story warehouse at 4219 Air Trans Road for $8.4 million, proving that it remains bullish on this market.

33. THM to Build Nursing Facility Near Downtown -

1513 N. Second St.
Memphis, TN 38107
Permit Amount: $12.5 Million

Project Cost: $12.5 million
Permit Date: Applied September 2008
Completion: Winter 2009
Owner: Harbor View Properties Inc.
Tenant: Harbor View Properties Inc.
Contractor: Inman Construction Co.
Architect: Askew Nixon Ferguson Architects Inc.

34. Commercial Sales See 26% Rise Over Last Year -

Large real estate deals tend to garner recognition with their high-dollar price tags and high-volume portfolios. But it's the untold small- and medium-sized transactions that help keep a market healthy and vital.

35. Sitting Pretty -

For anyone who can't see how important FedEx is to Memphis' economy, Wyatt Aiken, senior vice president of Commercial Advisors LLC, paints the following picture:

"If Memphis wasn't a great distribution hub, FedEx wouldn't be here," he said, "and if FedEx wasn't here, we'd be Little Rock."

36. Chicago Real Estate FirmBuys Major Memphis Sites -      Chicago-based HSA Commercial Real Estate has bought several prominent Memphis properties in a multi-million dollar deal with AMB Property Corp. The sale includes properties in Willow Lake Business Park and Corporate Park

37. Archived Article: Ip (lead) - By LAURIE JOHNSON International Paper to lease building at Lenox Court By LAURIE JOHNSON The Daily News International Paper is in the process of further expanding its operations in Memphis. The company has signed a lease to occupy a four-story, 97,0...

38. Archived Article: Amb (bott) - By LAURIE JOHNSON San Francisco REIT acquires Willow Lake Business Park By LAURIE JOHNSON The Daily News San Francisco-based AMB Property Corp. has purchased the Willow Lake Business Park as part of a series of five acquisitions completed during its...

39. Archived Article: Fujitsu Chg - Fujitsu PC Corporation Opens Product Configuration Center in Memphis Fujitsu to open product configuration center in Memphis By CAMILLE H. GAMBLE The Daily News Fujitsu PC Corp. announced Tuesday it will open a product configuration center in Memphi...

40. Archived Article: Env Briefs - Thousand Oaks Business Center received the Mayors Award of Excellence at the Beautiful Business Awards ceremony on Thursday Thousand Oaks Business Center received the Mayors Award of Excellence at the Beautiful Business Awards ceremony on Thursday. ...

41. Archived Article: Real Briefs - 02/06 Real briefs Linda Hoard has been elected president of the local chapter of the Institute of Real Estate Management. Other officers include president-elect Noy Garrett, treasurer Philip Dees and secretary Sandy Graham. Hoard, who is vice presid...