Editorial Results (free)
1. Mall of Memphis Property Bought by Trucking Company
- Tuesday, January 05, 2016
Mall of Memphis Site
Sale Amount: $3.9 million
Sale Date: Dec. 29, 2015
Buyer: TAG Real Estate Holdings LLC
Seller: Memphis Industrial Properties LLC (Johnson Development Associates Inc.)
Loan Amount: $23 million
Loan Date: Dec. 29, 2015
Lender: Mercedes-Benz Financial Services USA LLC
Details: The 113-acre former Mall of Memphis property has a new owner. TAG Real Estate Holdings, an affiliate of Memphis-based TAG Truck Enterprises LLC, paid $3.9 million, or $34,513 an acre, to buy the property from Johnson Development Associates Inc., acting as Memphis Industrial Properties LLC.
2. St. Jude Files $10 Million Construction Permit
- Tuesday, December 01, 2015
650 St. Jude Place
Memphis, TN 38105
Permit Amount: $10 million
Application Date: Nov. 24, 2015
Owner: St. Jude Children’s Research Hospital
Tenant: St. Jude Children’s Research Hospital
3. Olive Branch Business Park Closer to Development
- Friday, October 03, 2014
A Texas-based development firm could start turning dirt soon on a massive new business park in Olive Branch.
Hillwood Investment Properties is expected to close on a land purchase next week that will clear the way for Legacy Park, a 265-acre distribution and business park on the south side of Goodman Road, just east of Hacks Cross Road near Polk Lane.
4. Loeb Midtown Center Now Fully Leased
- Friday, April 11, 2014
Loeb Properties’ Belvedere Collection on Union Avenue in Midtown is 100 percent leased.
Agilitas USA Inc., operating as Results Physiotherapy, signed a new lease for 2,280 square feet in Suites 105-106 at the retail strip center.
5. RBCC Law Firm Moving to iBank Tower
- Friday, February 14, 2014
The law firm of Rogers, Berry, Chesney & Cannon PLLC, owner of 1713 Kirby Parkway since 2006, recently sold its office building and will relocate to the iBank building on Poplar Avenue in East Memphis.
6. Boyle Sells More Lots at Spring Creek Ranch
- Friday, August 09, 2013
After an initial offering went so well earlier this year, a group of area homebuilders has acquired 17 more lots at The Village at Spring Creek Ranch from Boyle Investment Co.
7. Loeb Enjoying Strong Demand in East Memphis
- Friday, June 28, 2013
Pomp & Poise, a new gift store concept specializing in home and garden items, has signed a new lease at Park Place Center.
Pomp and Poise will occupy 1,400 square feet at the East Memphis retail center at the southwest corner of Park Avenue and Ridgeway Road.
8. Wills Stewarding Growth of East Memphis Land
- Monday, March 18, 2013
For Walter Wills III, taking care of his neighborhood and the surrounding area is one of his life tasks.
Wills & Wills LP has owned much of the land in the Kirby-Quince corridor for more than 40 years. The area is seeing an influx of medical office and retail users in the past few years, and more are expected with a new Regional Medical Center at Memphis outpatient center in the area.
9. Medtronic Sees Revenues Increase
- Wednesday, February 20, 2013
Medtronic Inc. announced on Tuesday, Feb. 19, higher than anticipated revenues of more than $4 billion for its fiscal third quarter ended Jan. 25, marking an increase of 3 percent as reported compared to the same period last year.
10. Pinnacle Departure Brings Real Estate Challenge
- Wednesday, January 30, 2013
Pinnacle Airlines Corp.’s relocation of its Memphis headquarters to Minneapolis by May should have long-term leasing effects on the Downtown office market.
11. Midtown Momentum
- Saturday, December 22, 2012
The Midtown real estate market has long been an anomaly compared to its Bluff City counterparts, with fundamentals as diverse as its demographics.
“The types of real estate that you’ll find in Midtown can be some of the most expensive or some of the most modest when it comes to prices and facility,” said Gary Myers of Gary Myers Co. “Retail in particular.”
12. StyleCraft Signs Lease At Airways Building E
- Friday, July 13, 2012
Home decor company StyleCraft Home Collection Inc. has signed a 167,600-square-foot lease at Industrial Developments International’s Airways Distribution Center Building E.
13. Thorpe Products Inks New Deal On Democrat
- Friday, April 06, 2012
Thorpe Products Co. is relocating its Memphis branch location to a site with higher ceiling heights and better proximity to its clients.
14. Harbor Town Apts. Sell For $31.5M
- Friday, December 23, 2011
Dallas-based Behringer Harvard has acquired the Arbors Harbor Town Apartments – a 345-unit multifamily community in Harbor Town on Mud Island – for $31.5 million, or $91,304 per unit.
15. Haykal Recognized For Work in Psychiatry
- Wednesday, August 10, 2011
Dr. Radwan Faysal Haykal, director of the Bipolar Spectrum Program at Lakeside Behavioral Health System and clinical professor of psychiatry at the University of Tennessee Health Science Center, has been inducted as a Distinguished Fellow of the American Psychiatric Association.
16. Emerald Apts. Suit Settled, Properties Resold
- Thursday, August 04, 2011
A $28 million lawsuit involving a trio of apartment complexes in Southeast Memphis settled on undisclosed terms last week, around the same time the original owner bought the properties back through three multimillion-dollar warranty deeds.
17. CrescoAg Inks Lease for New Downtown HQ
- Friday, July 15, 2011
Downtown Memphis has landed another corporate headquarters. CrescoAg LLC, an independent information management company, has signed a new lease on 4,594 square feet at 88 Union Ave.
18. Apartments Owner Files Suit to Combat Foreclosure
- Monday, June 27, 2011
Three apartment complexes in Southeast Memphis that sold three months ago for $10 million are now mired in foreclosure and a $28 million lawsuit.
Bellevue, Wash.-based Emerald Apartment Group LLC financed the properties through Protective Life Insurance Co. in a trio of March 18 transactions: Emerald Square for $3.7 million, Emerald Pointe for $2.3 million and Emerald Park for $3 million. The sellers were three Georgia-based entities.
19. Ambulance Co. Signs New Lease, Ups Space
- Friday, May 20, 2011
A Nashville-based health care company is expanding its Memphis presence. First Call Ambulance Services LLC has signed a three-year, 13,500-square-foot lease at 5155 Wilfong Road, more than doubling its existing space on Federal Avenue.
20. MBIN Signs New Lease At Bellbrook Park
- Friday, April 22, 2011
A Memphis-based wholesaler of collectable items has signed a new industrial lease in the Southwest submarket.
MBIN Global Inc. has signed a new lease for 26,250 square feet at Bellbrook Industrial Park, 1004 Brooks Road.
21. On the Call: Medtronic CFO Discusses Layoffs
- Wednesday, February 23, 2011
Medtronic Inc., the world's largest medical device maker, announced Tuesday it will eliminate 4 to 5 percent of its work force to make up for anemic sales of its implants.
22. Family Dollar Signs 2 Leases for Stores
- Friday, February 11, 2011
Family Dollar has signed a 12,000-square-foot lease at 2754 Lamar Ave. Shawn Massey, partner with The Shopping Center Group LLC, represented the tenant. Harold Blockman with Keller Williams Realty Inc. represented the landlord, Chong K and Dul S. Pae.
23. Interstate Brands Renews, Expands Lease
- Friday, January 14, 2011
Interstate Brands Corp. has renewed and expanded its lease in the Germantown Park - Kimbrough Building in Cordova, more than doubling its footprint.
24. Menlo Deal Tops Noteworthy Leases
- Thursday, December 30, 2010
The Daily News in September launched a new weekly column called “Inked” to spotlight Memphis’ commercial leasing landscape.
Despite tough times, local commercial real estate firms were able to ink plenty of deals in the past four months. Here’s a rundown of some of the most noteworthy commercial leases since Inked’s debut:
25. EMHC Moving to Appling Farms, Doubling in Size
- Friday, December 17, 2010
Emergency Mobile Health Care is more than doubling the size of its Memphis corporate headquarters.
EMHC has signed a 14,200-square-foot lease at 6972 Appling Farms Parkway. EMHC currently occupies 6,900 square feet at 5071 Wilfong Road, and also has an office in Jackson, Tenn.
26. Pet Hospital Signs Lease at Corner Shops
- Friday, November 05, 2010
A new pet hospital is among the most recent tenants at The Corner Shops of Canada Road.
The Lakeland Pet Hospital signed a new 3,850-square-foot lease in the 32,500-square-foot center, at the northwest corner of U.S. 64 and Canada Road in Lakeland.
27. Medtronic Reiterates Fiscal 2011 Earnings Guidance
- Thursday, June 24, 2010
MINNEAPOLIS (AP) — Medical device maker Medtronic Inc. on Wednesday reiterated its fiscal 2011 earnings guidance and issued a forecast for its first quarter, which ends July 30.
28. Medtronic Q2 Profit Sinks On Hefty Legal Charge
- Wednesday, November 19, 2008
WASHINGTON (AP) – Medtronic Inc., the world’s largest medical device maker, reported Tuesday that legal expenses and declining foreign exchange rates weighed down its fiscal 2009 second-quarter profit.
29. Medtronic Q4 Profit Flat Without Tax Gain
- Wednesday, May 21, 2008
Medtronic Inc. said Tuesday its fourth-quarter profit was flat compared with last year, when the medical device maker recorded a tax gain of about $129 million.
The results beat Wall Street estimates and the company indicated its earnings and revenue could top estimates for the full year. Its shares rose 3 percent in premarket trading.
30. Holder to be Tenn. Supreme Court's First Woman Chief Justice
- Friday, May 02, 2008
The next chief justice of the Tennessee Supreme Court will be Memphis Justice Janice Holder - who will be the state Supreme Court's first woman chief justice.
Holder will replace William M. Barker, who announced this week he will retire effective Sept. 1. Barker told his fellow justices two years ago that he would retire soon, Justice Gary R. Wade told the Chattanooga Times Free Press. Wade said the justices selected Holder as the new chief justice then and there.
31. 2007's Top RealtorsHonored by MAAR
- Thursday, January 17, 2008
The Memphis Area Association of Realtors recently handed out awards at its annual gala, including one to John Linthicum of Crye-Leike Inc., who was named 2007 Realtor of the Year. Randy Jefferson of The Hobson Co. Realto
32. Medtronic Second Quarter Earnings Dip 2 Percent
- Wednesday, November 21, 2007
MINNEAPOLIS (AP) - Medical device maker Medtronic Inc. said Monday that its second-quarter profits dipped 2 percent after it recalled wires for connecting its defibrillator to patients' hearts.
33. MAAR ElectsBoard of Directors
- Tuesday, September 11, 2007
Members of the Memphis Area Association of Realtors (MAAR) elected five directors to the organization's board at last week's annual meeting.
The new directors are Bill Maury of Hobson Co
34. Archived Article
- Tuesday, August 07, 2007
5925 Logistics Drive
Memphis, TN 38118
Permit Cost: $4.7 million
Project Cost: $4.7 million
Permit Date: Applied July 2007
35. Medtronic AcquiresSpinal Device Maker Kyphon
- Monday, July 30, 2007
Medical device maker Medtronic Inc. on Friday said it would acquire device maker Kyphon Inc. for $3.9 billion in a bid to expand its spinal products business.
36. Malled by the Competition
- Wednesday, March 28, 2007
Editor's note: This is the third in The Daily News' five-part Retail Reinvented series about the past - and future - of the local shopping landscape.
Pat Jacobs knows a thing or two about Memphis malls. He served as general manager of Southland Mall for 18 years before taking the same job at Hickory Ridge Mall in 2003.
37. Wal-Mart Gains More Ground In Greater Memphis
- Monday, October 23, 2006
In Memphis, answers to the question "What hath Wal-Mart wrought?" are about as numerous as the amount of shelves the world's largest retailer keeps stocked with its famously deep-discounted merchandise.
38. More Apartment Communities Go to Outsiders
- Monday, February 20, 2006
If you're an investor looking to spend some cash in the multifamily market, chances are the grass looks greener on the other side of the fence - maybe several states away.
That's been proven recently in Memphis, where several apartment properties have been snapped up quietly by out-of-town investment companies.
39. Archived Article: Lead
- Thursday, March 03, 2005
By Andy Meek
TIC Group Buys Appling Lakes Complex
Memphis a growing market for tenant-in-common deals
The Daily News
A Colorado real estate firm has purchased Appling Lakes Apartments in Cordova under a co-ownership arrangem...
40. Archived Article: Benchmark
- Thursday, June 19, 2003
Oracle boosts PeopleSoft takeover bid
Oracle boosts PeopleSoft takeover bid
Oracle Corp., the No. 2 U.S.-based global software maker, Wednesday sweetened its hostile cash bid for PeopleSoft Inc. by 22 percent to about $6.3 billion, the latest ...
41. Archived Article: Real Briefs
- Tuesday, June 17, 2003
The Memphis Certified Commercial Investment Member
The Memphis Certified Commercial Investment Member monthly luncheon is 11:45 a.m. today at the former Disney Store in Hickory Ridge Mall, 6075 Winchester Road. The luncheon focus is Retail Market...
42. Archived Article: Scb (lead)
- Tuesday, February 22, 2000
SCB prepares launch SCB prepares launch of e-business initiatives By KATHLEEN BURT The Daily News As completion nears on SCB Computer Technology Inc.s building in the heart of the Memphis high-tech corridor, the company announced the launch of new e...
43. Archived Article: 1qapts
- Monday, April 12, 1999
Apartment construction Apartment construction surges in Downtown By KATHLEEN BURT The Daily News Although the first quarter of 1999 lagged behind its predecessor in the number of permits filed for new apartment construction, several projects could m...
44. Archived Article: Gov't (lead)
- Wednesday, January 13, 1999
City Center Revenue Finance Commission board members dealt with a laundry list of issues Tuesday, unanimously approving all but one item Six project receive tax freeze approval By KATHLEEN BURT Daily News City Center Revenue Finance Commission board...
45. Archived Article: Gov't (ccrfc)
- Monday, January 11, 1999
Several major downtown projects will be considered by the Center City Revenue Finance Corp Companies seek seven PILOTs for development By KATHLEEN BURT The Daily News Seven payment-in-lieu-of-taxes applications will be considered by the Center City ...
46. Archived Article: Memos
- Wednesday, June 05, 1996
Laura T Laura T. Todd has joined the Bank of Collierville as mortgage loan officer. Formerly with First Tennessee Mortgage in Collierville, she has been in mortgage banking for more than 14 years. Todd is a graduate of the University of Mississippi ...