As the crowd of attendees at a preview party Monday night for Broad Avenue’s newest enterprise relaxed on couches, ordered drinks at the bar, and played video games like Super Smash Bros. – several of which were projected on a 120-foot-wide wall for collective viewing – one thing was readily apparent.
31. Helping Hand - Tuesday, March 17, 2015
If you know a teacher, then you know he or she spends countless hours encouraging young minds.
You also know the often-underpaid public servants spend personal money to provide school supplies and even uniforms for students.32. Comfy Camping - Friday, February 20, 2015
The way Andy Cates explains it, camping out hasn’t changed a lot in about half a century.
And while “roughing it” appeals to many of those in search of outdoors experiences, for others – sometimes in the same family – it doesn’t or it isn’t possible.33. Hearts and Minds - Thursday, November 27, 2014
Last fall, officials at Treadwell Middle School launched a school-wide beautification campaign, reaching out to anyone or any group that could help.
Lowe’s Home Improvement provided a $5,000 grant to help beautify a courtyard at Treadwell Middle and Memphis City Beautiful Commission also provided a grant and much more – a connection between the school and two commercial real estate businesses, Prologis and Colliers International Memphis.34. Hillwood to Launch Two Spec Buildings in DeSoto County - Friday, November 14, 2014
A Texas-based development firm will start turning dirt soon on a massive new business park in DeSoto County.
Hillwood Investment Properties is expected to begin site work in around 30 days on Legacy Park, a 266-acre distribution and business park on the south side of Goodman Road, just east of Hacks Cross Road near Polk Lane.35. Three Companies Seek PILOTs for Projects - Tuesday, October 14, 2014
Three companies – including a wing of Memphis-based FedEx – are considering investing more than $25 million in Memphis for new distribution operations that would create 272 new jobs.
“It's always good to see FedEx expanding and the other two projects appear to be new to Memphis,” said Kemp Conrad, principal of Cushman & Wakefield/Commercial Advisors. “This balanced growth is encouraging and we expect more good news later in the fourth quarter."36. Williams-Sonoma Growth Highlights DeSoto Push - Wednesday, October 01, 2014
In 1999, Williams-Sonoma Inc. opened its first DeSoto County distribution center on Polk Lane in Olive Branch.37. 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.38. 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. 39. ‘Significant Headwinds’ - Saturday, July 05, 2014
When Gov. Bill Haslam joined local economic development and civic officials at FedExForum in January to announce that Conduit Global would open a call center in Shelby County that would employ 1,000 people over the next three to five years, it provided a much-needed boost to the local office real estate sector.40. Hollingsworth Buys Mississippi Industrial Property - Friday, June 27, 2014
The Hollingsworth Cos., which operates a prominent industrial development company with holdings across the South, has acquired an industrial building in Senatobia, Miss.
Clinton, Tenn.-based Hollingsworth recently acquired the 198,450-square-foot building at 795 Shands Bottom Road in Senatobia from BMW.41. Untapped Proved Passion for History - Friday, June 06, 2014
Once the last of the food trucks departed, the tables and chairs were packed away, the beer garden cleared out and supporters exited through the courtyard archway a final time, the Tennessee Brewery returned to what it’s been for decades.42. Brewery’s Fate Unchanged Despite Untapped’s Success - Wednesday, May 14, 2014
Tennessee Brewery Untapped, the festival-like celebration that’s turned the long-vacant brewery structure Downtown into a packed community space, is now roughly halfway through its six-week run.
Approaching the end arguably hasn’t served to diminish the enthusiasm of the crowds that still converge on the brewery’s courtyard and connected spaces each week of Untapped.43. Volvo Group’s Byhalia Facility to Employ 250 - Tuesday, May 13, 2014
The Volvo Group will build a massive new distribution center in Byhalia, Miss., that should employ around 250 people.
The 1 million-square-foot distribution center will support the company’s Mack, Volvo and UD truck brands, as well as Volvo Construction Equipment and Volvo Penta. 44. Eastgate Set for Possible Makeover - Friday, May 02, 2014
A venerable shopping center in East Memphis could be getting a significant makeover, according to a recent retail market report from CB Richard Ellis Memphis.
Eastgate Center LLC, the owner of Eastgate Shopping Center at Park Avenue and White Station Road in East Memphis, could make significant aesthetic improvements to the retail center beginning this year.45. Untapped Potential - Wednesday, April 30, 2014
Since April 24, a crowd estimated at a few thousand people has flocked to the castle-like structure at 495 Tennessee St. for the chance to hang out at the Tennessee Brewery and enjoy a bar, food trucks, music and good company.46. Cates, Kornegay Look to Future While Honoring Colliers’ Past - Monday, April 21, 2014
The memory is scorched in Andy Cates’ mind.
It was 2005 and Cates, just 29 years old at the time, was being made a partner at Colliers International Memphis, the commercial real estate firm. 47. 2 Brokers Take Majority Stake in Colliers Memphis - Saturday, April 19, 2014
Two longtime members of Colliers International's Memphis office have taken a majority stake in the real estate company.
Andy Cates, executive vice president of brokerage, and Brad Kornegay, CEO of Colliers Management Services LLC, are now the majority shareholders in the two legal entities that make up the Memphis office.48. Enjoy the Brewery While It's Still Here - Tuesday, April 15, 2014
I’ve been looking at the Tennessee Brewery for years. I used to have an office next door, and now from my agency’s current location, I can see its majestic, Romanesque arched windows towering over the South Main Arts District.49. 2 Brokers Take Majority Stake in Colliers Memphis - Monday, April 14, 2014
Two longtime members of Colliers International's Memphis office have taken a majority stake in the real estate company.
Andy Cates, executive vice president of brokerage, and Brad Kornegay, CEO of Colliers Management Services LLC, are now the majority shareholders in the two legal entities that make up the Memphis office.50. Cates, Kornegay Take Majority Stake in Colliers’ Memphis Office - Friday, April 11, 2014
Two longtime members of Colliers International's Memphis office have taken a majority stake in the real estate company.
Andy Cates, executive vice president of brokerage, and Brad Kornegay, CEO of Colliers Management Services LLC, are now the majority shareholders in the two legal entities that make up the Memphis office.51. Pahlow Wins Broker of the Year - Monday, April 07, 2014
After enduring early struggles in his commercial real estate career, Scott Pahlow has reached the top of his industry.
Pahlow, an executive vice president with Newmark Grubb Memphis, was named Commercial Broker of the Year Thursday night at the Memphis Area Association of Realtors Commercial Council’s 13th annual Pinnacle Awards gala.52. New Partners Sign On to Tennessee Brewery Effort - Friday, April 04, 2014
This weekend, volunteers will return to the Tennessee Brewery property to continue getting it ready for Tennessee Brewery Untapped, a six-week series of community events that will run April 24 through June 1.53. Restivo Group Moves to New Midtown Digs - Friday, April 04, 2014
The Restivo Group Realtors has expanded into new offices at 1861 Madison Ave. in the landmark Gilmore Building.54. Berger Withdraws From Commission Race - Tuesday, April 01, 2014
In a somewhat abrupt turnaround, Memphis businessman Taylor Berger has decided to withdraw his candidacy for the Shelby County Commission about a month after announcing his intent to run for the District 5 seat.55. Plans Coming Together for Tennessee Brewery Untapped - Wednesday, March 26, 2014
Plans are taking shape for the six-week “temporary activation” project coming to the Tennessee Brewery at 495 Tennessee St., an initiative starting in late April that will be called “Tennessee Brewery Untapped.”56. Exeter Property Group Acquires Industrial Portfolio - Tuesday, March 11, 2014
Exeter Property Group has acquired a 4.4 million-square-foot industrial portfolio – including four properties in Memphis – for $132 million.
Exeter recently acquired the properties located in Memphis, Nashville and Columbus, Ohio, from LNR Property LLC, a special servicer appointed to the portfolio upon its transfer from London-based Strategic Realty Advisors Ltd. in June 2013. 57. MalmoMemphis Completes Three Law Firm Leases - Friday, February 28, 2014
Three Memphis law firms represented by MalmoMemphis Real Estate Inc. have renewed their office leases or leased new spaces.58. Wright Signs Lease for East Memphis Headquarters - Friday, January 03, 2014
After months of planning, Wright Medical Group Inc. has signed the lease for its new headquarters and is in the process of moving to the wooded office campus at Park Avenue and Cherry Road in East Memphis.59. Industrial Uptick Seen in Outer Counties - Friday, December 27, 2013
The Memphis industrial market saw the return of speculative development in 2013 and an uptick in tenants seeking blocks of 500,000 square feet or more.
After suffering through a prolonged slump in industrial construction activity following the economic collapse and resulting recession, industrial development outside of Shelby County in the Memphis market roared back to life in 2013.60. Colliers Continues Role as Major Commercial Real Estate Player - Saturday, August 17, 2013
Wilkinson & Snowden Inc. helped lead the industrial warehouse revolution in Memphis at a prescient time.61. Optimism Returns to Industrial Market - Saturday, May 25, 2013
Following the bloody recession and its brutal aftermath, one word has begun to creep back into the local industrial real estate lexicon: optimism.
“I wouldn’t say we’re out of the woods yet but there’s a bunch of positive momentum out there,” said Jim Mercer, executive vice president of brokerage services at CB Richard Ellis Memphis. “People are cautiously optimistic.62. E-Strategy for Retailers - Tuesday, April 30, 2013
A couple of weeks ago, my colleague Andy Cates penned an article regarding the impact of e-commerce on distribution and industrial real estate. If you think about it, regardless of the channel you use to buy, the item you purchase still has to get from seller to buyer in some manner. From a distribution perspective, as more people order online rather than shop in retail stores, more distribution is moving to direct-to-consumer and that will have an impact on distribution strategy. So what about the impact from the retail perspective? What is the future of the physical retail store?63. Cates Named Commercial Broker of Year - Monday, April 29, 2013
The Memphis Area Association of Realtors Commercial Council honored its most productive members of 2012 at the 12th annual Pinnacle Awards gala, held Thursday, April 25, at the Memphis Country Club.64. Absolutely, Positively Memphis - Wednesday, April 10, 2013
It’s certainly old news to say that the Internet is changing the way we do business today. And most assuredly, we’ve only seen the tip of the iceberg. It’s not so farfetched to imagine a world where virtually everything is delivered, well, virtually. Maybe in the 2060s, the decade in which the futuristic Jetsons cartoon was set. Until then, while eCommerce is having a growing impact on where and how people shop, the fact of the matter is that goods still have to get to the consumer.65. Commercial Practitioners Have Voice With Council - Tuesday, April 09, 2013
The Memphis Area Association of Realtors Commercial Council has grown and evolved over the past nine years since its inception, with membership increasing from 150 members in 2004 to more than 350 members this year.66. Events - Tuesday, March 19, 2013
National Association of Women Business Owners Memphis chapter will meet Tuesday, March 19, from 11:30 a.m. to 12:45 p.m. at Chickasaw Country Club, 3935 Galloway Ave. The topic is “The Little Known Secrets of Lenders: How to Access Capital to Grow Your Business.” Cost is $35 at the door. Visit nawbomemphis.org.67. Events - Saturday, March 16, 2013
Rhodes College will host Mia Farrow and son Ronan Farrow, presenting “Cinema, Politics and Mobilizing Change in Our Community” Tuesday, March 19, at 7:30 p.m. in the McCallum Ballroom of the Bryan Campus Life Center on campus, 2000 North Parkway. Email firstname.lastname@example.org. Events - Monday, March 18, 2013
Rhodes College and the Stax Museum of American Soul Music will present the Charles Lloyd Sky Trio Monday, March 18, in the McCallum Ballroom of the Bryan Campus Life Center on campus, 2000 North Parkway. The concert celebrates Lloyd’s 75th birthday and the museum’s 10th anniversary. Visit rhodes.edu.69. The Panama Effect - Monday, March 18, 2013
The expansion of the Panama Canal will affect the supply chain of businesses across the country, including those involved in Memphis industrial real estate.
The 48-mile Panama Canal connects the Pacific Ocean to the Atlantic Ocean through the Caribbean Sea. The $5.2 billion expansion will allow bigger container ships through the canal, providing a more efficient way of moving a large number of containers.70. Events - Friday, March 15, 2013
Playhouse on the Square will present “Angels in America Part One: Millennium Approaches and Part Two: Perestroika” Friday, March 15, through March 31 at Playhouse, 66 S. Cooper St. Visit playhouseonthesquare.org for times and tickets.71. Apperson Crump Expands in Triad III - Friday, March 15, 2013
Memphis’ oldest continuously practicing law firm is expanding its presence in Triad III.
Apperson Crump PLC added 2,037 square feet to its seventh floor space in a vacant adjacent area between Silverleafe Capital Partners LLC.72. Patterson Warehouses Adds Space - Friday, March 08, 2013
Patterson Warehouses Inc. is boosting its longtime local presence with a new lease in DeSoto County.
The renowned player in Memphis’ third-party logistics industry is leasing 237,952 square feet of Class A space in Marathon Distribution Center, 295 Marathon Way in Southaven.73. J-Line Pump Growing in Collierville - Friday, February 22, 2013
A local pumping equipment manufacturer is increasing its presence in the Collierville market.
J-Line Pump Co., doing business as American-Marsh Pumps, bought the 81,260-square-foot warehouse on 12.4 acres at 550 E. South St. for $1.4 million. This will be in addition to the adjoining 110,000-square-foot warehouse at 185 Progress Road the company has occupied since 1999.74. Brothers to Open Brewery on Broad - Tuesday, February 19, 2013
A new craft brewery is coming to one of Memphis’ up-and-coming areas – the Broad Avenue Historic District.
Wiseacre Brewing Co., a concept from brothers Kellan Bartosch and Davin Bartosch, has leased 13,000 square feet at 2783 Broad Ave. and is planning to open by late 2013. They chose the old warehouse for its “big open space” and the Binghampton neighborhood for its community appeal.75. Real Estate Magazine Names Cates to Hall of Fame - Saturday, December 15, 2012
Andy Cates, executive vice president with Colliers International Memphis, was recently honored as a part of the 2012 Midwest Real Estate News Magazine’s Hall of Fame, which honors the Midwest’s biggest names in commercial real estate.76. Fayette, Marshall Prep for Ambitious Industrial - Monday, December 17, 2012
With Norfolk Southern Corp.’s Memphis Regional Intermodal Terminal now operational in Rossville and a pair of large-scale industrial manufacturing buildings under way in the area, stakeholders say the future is bright for the region.77. Real Estate Magazine Names Cates to Hall of Fame - Friday, December 14, 2012
Andy Cates, executive vice president with Colliers International Memphis, was recently honored as a part of the 2012 Midwest Real Estate News Magazine’s Hall of Fame, which honors the Midwest’s biggest names in commercial real estate.78. Local Logistics Firms Expand Medical Real Estate Offerings - Monday, December 03, 2012
Memphis area industrial brokers are reporting an increase in activity with third-party and proprietary logistics companies involved in distribution of medical/pharma-related product.
During the second half of this year, several local companies have inked new leases that will expand their overall space in the Memphis area, creating new jobs in the process.79. Bioventus Inks Deal for 40,000 Square Feet - Thursday, November 22, 2012
A Durham, N.C.-based biologics company is relocating its Memphis presence, signifying a boon to the Northeast office submarket.
Bioventus LLC has inked 38,880 square feet of office and manufacturing space in Goodlett Farms Business Campus, 1900 Charles Bryan Road, in Cordova.80. 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.81. Seminar Underscores Commercial Sectors’ Highs, Lows - Monday, November 05, 2012
Memphis’ commercial real estate market for the most part appears to mirror national trends, with all four sectors boasting challenges and bright spots so far this year.
That was a message a room full of real estate professionals received when The Daily News hosted its second annual Commercial Real Estate seminar Thursday, Nov.1, at the Memphis Brooks Museum of Art, sponsored by Magna Bank and Evans Petree PC.82. West Tennessee Sites Designated Foreign Trade Zone - Monday, October 29, 2012
The United States Foreign Trade Zone Board has announced the approval of a new Grant of Authority for West Tennessee.
The new designation will allow for existing and new companies to benefit from being located in a foreign trade zone. Ten sites have been designated in West Tennessee.83. Capital Influx - Monday, October 29, 2012
Capital is finally being set free in the Memphis industrial market, with opportunities on both the buy and sale side of investment deals.
Nearly $200 million has been spent since June, as public and private institutional buyers alike make large plays.84. Seminar To Tackle Commercial Conditions - Tuesday, October 23, 2012
While many commercial real estate professionals would like to forget about 2011 altogether, celebrating increases in 2012 is necessary for morale.
Shelby County experienced the most second-quarter sales this year since the second quarter of 2008, and the highest quarterly sales revenue since the second quarter of 2007.85. Merchandiser Five Below Signs Lease in Olive Branch - Friday, October 05, 2012
A growing Philadelphia-based value retailer has inked a substantial industrial lease deal in Olive Branch.
Five Below Inc. has leased 605,427 square feet in Hacks Cross Logistics Center Building 1, 9105 Hacks Cross Road.86. Cates Among Top Tier of US Colliers Brokers - Friday, September 28, 2012
Andy Cates, executive vice president of brokerage with Colliers International Memphis, has been inducted into the Everest Club – the top 10 percent of all U.S. Colliers brokers for the 12-month period ending June 30.87. Lease Takes Appling Farms to Capacity - Friday, September 28, 2012
A distributorship of Pella Corp. has inked 11,300 square feet in Appling Farms Corporate Park, 6972 Appling Farms Parkway.88. New Day Coming for Sears Crosstown Urban Village - Wednesday, August 22, 2012
The historic Sears Crosstown building in Midtown Memphis is being redeveloped as a mixed-used vertical urban village, with nine “founding partners” in local health care, education and arts organizations that have signed on to occupy 600,000 square feet of the total 1.4 million square feet of space.89. Invacare Inks Lease in SE Memphis - Friday, August 17, 2012
Invacare Continuing Care Inc. has inked a 3,500-square-foot lease at 4187 Senator St. in Southeast Memphis.90. Dot-Com Moves Distribution To Memphis - Friday, August 10, 2012
Wilsonville, Ore.-based LinenTablecloth.com has entered the Memphis industrial market, leasing 82,500 square feet at 3046 Datsun Drive for its new distribution center.91. History for Sale - Wednesday, August 01, 2012
Three historic properties in the Midtown and Downtown areas are on the market, all listed with major Memphis commercial real estate firms.
The most recent listing is the Hunt-Phelan house at 533 Beale St., priced at $2.9 million with Henry Stratton and Andy Cates of Colliers International Memphis. The mansion has hosted guests including Ulysses S. Grant, Jefferson Davis, Andrew Jackson and Andrew Johnson.92. Hunt-Phelan Listed With Colliers for $2.9M - Friday, July 13, 2012
Downtown’s Hunt-Phelan house – a historic mansion at 533 Beale St. that hosted guests including Ulysses S. Grant, Jefferson Davis, Andrew Jackson and Andrew Johnson – has been listed on the market for $2.865 million with the Memphis office of Colliers International.93. Dunavant Development Buys Bartlett Logistics Portfolio - Friday, June 22, 2012
Dunavant Development Co. has reached a deal to buy Bartlett Logistics, a 515,000-square-foot multi-tenant flex portfolio consisting of Bartlett Logistics Park, at 8370-8500 Wolf Lake Blvd., and Stage Hills Industrial Park, 3080-3150 Stage Post Road. Dunavant bought the property from CMLT 2008-LS1 Wolf Lake Drive LLC (LNR Partners).94. 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.95. Dunavant Development Buys Bartlett Logistics Portfolio - Thursday, June 21, 2012
Dunavant Development Co. has announced it’s reached a deal to buy Bartlett Logistics, a 515,000-square-foot multi-tenant flex portfolio consisting of Bartlett Logistics Park, at 8370-8500 Wolf Lake Blvd., and Stage Hills Industrial Park, 3080-3150 Stage Post Road.96. Tax Factor - Monday, June 11, 2012
A few months ago, Memphis Mayor A C Wharton Jr. was recounting to an audience of businessmen a recent breakfast he’d had with a site location agent.
That agent had a client out of California looking at sites in the Memphis area for a project. The location agent had drawn up what the financials for the project might look like – and it included $25,000 in attorney’s fees.97. Fla. Company Buys Cordova Retail Center - Friday, June 08, 2012
Coral Springs, Fla.-based Swiss Capital Group LLC has acquired The Shops of Woodland Hills in Cordova for $3.1 million.98. Colliers Duo Has Stellar Start to ’12 - Friday, June 01, 2012
Colliers International’s industrial team of Andy Cates and Preston Thomas has closed on 34 transactions (sales and leases) to date in 2012. Here’s a rundown of some of the team’s most recent industrial transactions:99. Acquisition Underscores RVC’s Long-Term Goals - Monday, May 14, 2012
Long before Andy Cates established RVC Outdoor Destinations in 2007, he solidified his commercial real estate background at Trammel Crow Co.100. Conn.-Based XSE Group Inks Deal - Friday, April 27, 2012
A Middletown, Conn.-based office supply printing company has entered the local industrial scene, taking advantage of Memphis’ centralized logistical capabilities.
XSE Group Inc. has leased 40,214 square feet in Building 14 of Airport Distribution Center, 4006 Airpark St., owned by San Francisco-based ProLogis Inc.