Editorial Results (free)
1. MRG, Thomas & Betts Receive Tax Incentives
- Friday, July 21, 2017
Makowsky Ringel Greenberg and Thomas & Betts were both awarded tax incentives to advance their respective projects by the Economic Development Growth Engine for Memphis and Shelby County on Wednesday, July 19.
2. Madison @ McLean Project Awarded 14-Year Tax Abatement
- Thursday, July 20, 2017
Local multifamily development group Makowsky Ringel Greenberg has been awarded a 14-year tax abatement to construct a 132,477-square-foot, 108-unit apartment complex in Midtown Memphis.
Named Madison @ McLean after the eponymous Midtown intersection it will reside on, the $14 million project is the first ever recipient of a Residential PILOT (payment-in-lieu-of-taxes), incentive, which was created earlier this year by the Economic Development Growth Engine for Memphis and Shelby County.
3. Nearly 300 New Apartment Units Headed to McLean Boulevard Intersections
- Monday, October 10, 2016
Two projects planned a block apart from each other will flood the Midtown market with luxury rental units.
The area hasn’t seen new multifamily construction since The Bristol went up in 2004. Since that time, renewed interest in the urban core and high-profile projects like Overton Square have prepared Midtown for top-dollar rents.
4. Grizzlies Bites: October 2-8
- Saturday, October 03, 2015
FedExForum Increases Security for Grizzlies Games: Walk-through magnetometers (metal detectors) have been installed at all entrances to FedExForum, and will be standard practice for entering fans starting with the Memphis Grizzlies’ first preseason game Tuesday, Oct. 6, vs. the Houston Rockets.
5. Absolute Recovery Services Enjoys Solid Growth in Short Time
- Monday, May 25, 2015
Jason Burnett has worked his way through several different collections firms specializing in everything from retail to bank to medical debt.
6. Boyle Sees Opportunity in East Memphis
- Friday, November 21, 2014
Memphis-based Boyle Investment Co. hopes to break ground next year on a new office building at its Ridgeway Center complex near Poplar Avenue and Shady Grove Road, according to company officials.
7. Makowsky Ringel Greenberg Still Going Strong
- Monday, November 17, 2014
In 2008, Memphis-based Makowsky Ringel Greenberg LLC acquired land inside the Schilling Farms community in Collierville for a new high-end apartment development.
8. 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.
9. Former Motel 6 Sells for $1.4 Million
- Tuesday, January 28, 2014
1321 Sycamore View Road
Memphis, TN 38134
Sale Amount: $1.4 million
Sale Date: Jan. 13, 2014
Buyer: P & S Hospitality LLC
Seller: G6 Hospitality Property LLC
Loan Amount: $1.1 million
Loan Date: Jan. 14, 2014
Maturity Date: N/A
Lender: Argent Bank
Details: The former Motel 6 at 1321 Sycamore View Road in Northeast Memphis has traded hands for $1.4 million.
10. Monticello Apartments Owner Files $9.3 Million Loan
- Friday, January 24, 2014
The owner of the 202-unit Monticello apartments at 3250 Kirby Parkway in Hickory Hill has filed a $9.3 million loan on the property.
11. MRG Breaks Ground on Schilling Farms Apartment Complex
- Thursday, June 13, 2013
Memphis-based Makowsky Ringel Greenberg LLC is launching a new apartment community at Schilling Farms.
12. 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.
13. Kroger Buys Union Space for Expansion
- Friday, September 14, 2012
Kroger has acquired the Belvedere Apartments in Midtown as part of a long-term project to reconfigure the grocery store’s antiquated and challenged layout.
Kroger Delta Division closed Wednesday, Sept. 12, on the 10-story apartment high-rise at 1733 Union Ave. from Belvedere Apartment Inc. The sale includes Belvedere’s attached and front parking areas.
14. Holograms Present Celebs With New Afterlife Issues
- Wednesday, August 22, 2012
LOS ANGELES (AP) – When Tupac Shakur rose from the stage in the California desert earlier this year, it was not only a jaw-dropping resurrection, but also the beginning of a new form of live entertainment.
15. Commercial Council Elects deWitt, Reilly as Top Leaders
- Monday, August 13, 2012
The Memphis Area Association of Realtors Commercial Council announced its 2013 officers and directors Thursday, Aug. 9, at its annual Member Appreciation and Election Party.
Greg deWitt of Grubb & Ellis Memphis will serve as 2013 president. Patrick Reilly of CB Richard Ellis Memphis will serve as vice president.
16. Literacy Mid-South’s Dean Appointed to State Coalition
- Wednesday, June 27, 2012
Kevin Dean, executive director of Literacy Mid-South, has been appointed to the Tennessee Literacy Coalition’s board of directors. The board unanimously approved Dean’s nomination, and he will serve as a representative from West Tennessee for three years.
17. Questions Abound in Grizzlies Sale
- Wednesday, June 13, 2012
Robert Pera, a young tech industry multimillionaire, is close to adding a new title to his resume: NBA team owner.
18. Garrett to Head Adult Programs At Literacy Mid-South
- Wednesday, May 02, 2012
Alfred Garrett has been promoted to director of adult programs at Literacy Mid-South. Previously the adult programs manager, Garrett’s new role will include establishing and maintaining program delivery policies, evaluating effectiveness and measuring outcomes for the nonprofit organization’s adult programs.
19. Colliers Sells Property to Union Forklift
- Friday, October 22, 2010
Colliers International recently sold an 18,750-square-foot building in the Perimeter Point Business Park, 2188 Spicer Cove.
20. Pera Appointed Special Adviser For ABA Strategic Communications Committee
- Wednesday, September 09, 2009
Lucian Pera of Adams and Reese LLP has been appointed as a special adviser of the American Bar Association’s Standing Committee on Strategic Communications for a one-year term.
21. Multifamily Market Dominated By Foreclosure Sales
- Thursday, May 14, 2009
Apartment complexes can be found throughout Memphis, but lately it seems the center of the multifamily world is on the courthouse steps Downtown.
Foreclosure sales have dominated the industry’s activity in Shelby County of late, with the most lucrative deals occurring as trustees’ deeds after the original owner defaults on a property or as bank sales after the lender reclaims and resells the property.
22. Memphis Multifamily Experiences Mixed Results
- Monday, February 23, 2009
The Memphis multifamily market is garnering mixed reviews as analysts reflect on a relatively stable 2008 while projecting a potentially turbulent 2009.
Though the apartment sector didn’t fare as poorly as office and retail last year, it did endure a host of downward trends, from occupancy to construction to absorption, according to year-end data from the multifamily division of CB Richard Ellis Memphis.
23. Commercial Real Estate Still Dropping, Stanton Says
- Thursday, February 19, 2009
Janice Stanton, managing director of investment research for Cushman & Wakefield in New York, discussed the global financial crisis and how it has impacted commercial real estate at Wednesday’s Commercial Property Forecast Summit, at the Germantown Performing Arts Centre and sponsored by the Memphis Area Association of Realtors Commercial Council.
24. Whitehaven Apartments Sell for $1.3 Million
- Tuesday, August 26, 2008
1033 Whitaker Drive
Memphis, TN 38116
Sale Amount: $1.3 Million
Sale Date: July 30, 2008
Buyer: Geoffrey Sinckler
Seller: Whitaker Place Associates
Loan Amount: $1.5 million
Loan Date: July 30, 2008
Maturity Date: Aug. 1, 2011
Lender: Regions Bank
25. OrthoOne Secures Land For New Facility
- Tuesday, May 13, 2008
3.57 Acres on Market Center Drive
Collierville, TN 38017
Sale Amount: $914,513
Sale Date: April 25, 2008
Buyer: Attilla Group LLC
Seller: MED-A.R.M. Inc.
Loan Amount: $3.5 million
Loan Date: April 25, 2008
Maturity Date: N/A
Lender: Magna Bank
26. Schilling Farms Land Sells for $2.4M
- Wednesday, May 07, 2008
A group of investors related to Belz Enterprises Inc. and Makowsky Ringel Greenberg LLC has bought 18.31 acres of land in Collierville's Schilling Farms Planned Development for $2.4 million from Colonial Properties LLC....
The buying entities and their percentage of ownership are Belz Investco GP (50 percent); LMR LP (31.22 percent); LMR V LP (17.78 percent); and MRG LLC (1 percent). The sale closed May 1.
The property, which is on the north side of Winchester Road near West Schilling Blvd., eventually will be developed into multifamily housing, said Michael Greenberg, CEO of Makowsky Ringel Greenberg.
"It's premature, although our plan pretty far down the line will be to develop it for apartments," Greenberg said. "The land is vacant and zoned, and we're just now going into the design process, so it will be a while before we submit plans and try to pull permits."
Despite not being able to pin down a timeline, Greenberg said it made sense to invest in Schilling Farms and Collierville.
"We think Collierville is a good market," he said.
Schilling Farms is a $350 million, 443-acre, mixed-use planned development on the western edge of Collierville. It's being developed by Boyle Investment Co.
The seller, Colonial Properties, bought the land in June 2006 for $2.2 million from Runnels Family Holdings LLC.
27. The Laurels' Greenberg Pins Sales Hopes On Insulated Buyers
- Thursday, April 17, 2008
Aside from a concrete foundation and the rebar rising from it, there isn't much to see at the fenced-in construction site on the northeast corner of Central Avenue and Highland Street.
But Michael Greenberg clearly envisions the location's finished project - a $13.2 million condominium project called The Laurels.
28. Archived Article
- Tuesday, November 27, 2007
The Laurels condos at
Highland Street and Central Avenue
Loan Amount: $10.5 million
Loan Date: Nov. 13, 2007
29. MRG Files $10.5M LoanFor The Laurels Condos
- Wednesday, November 21, 2007
Makowsky Ringel Greenberg LLC has filed a construction loan for The Laurels condominiums at Highland Street and Central Avenue, and site work currently is under way.
MRG, under the name
30. The Slowdown Lowdown
- Thursday, December 21, 2006
People who used the phrase "safe as houses" to sum up the residential construction market in Shelby County from late 2004 to late 2005 might seek less exemplary terms to describe the slowdown during that period.
31. Westbury Apartments Refinanced for $22 Million
- Tuesday, September 26, 2006
Westbury Apartment Homes
Near Windyke Country Club
Loan Amount: $22.1 million
Loan Date: Sept. 12, 2006
32. 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.
33. Shenandoah Group Buys Woodcrest Apartments
- Tuesday, October 11, 2005
170 N. Hollywood St.
Memphis, TN 38127
Cost: $1.5 million
Buyer: Shenandoah Group LLC
Seller: Lauburn Investments LLC, William A. Mathis and Charles M. Mathis
34. MAAR Commercial Council Names Board Members
- Wednesday, September 14, 2005
The Memphis Area Association of Realtors Commercial Council elected the following individuals to its board of directors: Bayard Snowden, president-elect; Michael Greenberg, 2005 director/2006 vice president; Andy Cates, two-year director; Kelly Truitt, two-year director; and Jim Rainer, two-year director. Returning board members include Jon Albright, president; Steve Guinn, vice president; Joel Fulmer, immediate past president; Frank Dyer, Irvin Skopp and Russ Westlake, directors; Richard Groff, Memphis Metro CCIM chapter president; John Bartlett, IREM chapter 20 president; Philip Erstine, Realtors Land Institute Tennessee chapter president; and Joe Steffner, SIOR chapter president.
35. Archived Article: Lead
- Wednesday, February 23, 2005
New Shopping Centers Create Stronger Competition
Existing Retailers Brace for Competition
New malls will mean three super-regional retail hubs
The Daily News
With three large-scale, open-air shopping malls in the works two...
36. Archived Article: Real
- Tuesday, January 25, 2005
Multifamily Market Sees Mixed Results
Apartment Occupancy Low, Property Sales High
The Daily News
As low mortgage interest rates continue to drive single-family home sales in Metro Memphis, many apartment dwellers are abandon...
37. Archived Article: Annex (lead)
- Wednesday, July 07, 2004
Annexation Affects More Than Residents
Rising Taxes Hit Commercial Properties
Landlords adjust to annexation-driven tax increases
The Daily News
When an unincorporated area of Shelby County is annexed by the city of Memphi...
38. Archived Article: Real Focus
- Tuesday, May 18, 2004
Winchester: Not Another Germantown Parkway
The Daily News
Germantown Parkway, once a road without any reason for stoplights, now has too many to count, due in large part to commercial development that has taken place in ...
39. Archived Article: Real Focus
- Tuesday, December 23, 2003
Mall Closure Changes Face of Retail Area
The Daily News
When the Mall of Memphis closes its doors Wednesday, it will mark the end of an era for the shopping centers Southeast Memphis home. Once the retail mecca of Metro ...
40. Archived Article: Real Focus
- Tuesday, December 16, 2003
Apartments Struggle With Low Interest Rates
The Daily News
Pay $720 for a tiny, one-bedroom apartment, or an extra $120 a month for a three-bedroom house. Thats the decision University of Memphis grad Robert Goode faced ...
41. Archived Article: Schnucks (lead)
- Tuesday, October 28, 2003
Schnucks Adds to Cordova Competition
Grocer to anchor center across street from Kroger
The Daily News
Site work has begun on a 93,000-square-foot retail center that, when finished next year, will bring Schnucks 13th g...
42. Archived Article: Lakeland (lead)
- Tuesday, October 07, 2003
Highway 64 Sees More Retail Growth
Big-box retailers could continue to move east
The Daily News
When Makowsky Ringel Greenberg LLC opens its latest retail development along U.S. Highway 64 in the Lakeland area, it wil...
43. Archived Article: Real Review
- Tuesday, April 24, 2001
Allen & OHara, Fremont Realty Allen & OHara, Fremont Realty team up for national acquisitions Allen & OHara Inc. has entered into a strategic partnership with Fremont Realty Capital LP to capitalize Education Properties Trust LLC, an acq...
44. Archived Article: Real Focus (us64)
- Tuesday, August 01, 2000
U U.S. 64 reclaims rural roots east of interstate By KATHLEEN BURT The Daily News Turning right off the exit ramp of Interstate 40 at U.S. Highway 64 is similar to turning to a different world. The bright lights, big city feel growing to the west a ...
45. Archived Article: Starr (law Focus)
- Thursday, February 03, 2000
Starr highlight at Rhodes law institute event Starr highlight at Rhodes law institute event By KATHLEEN BURT The Daily News When ethics in government was chosen as the topic for the Rhodes College Institute on the Profession of Law, a name came to m...