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Editorial Results (free)

1. Pop the Cork -

On Nov. 4, 2014, voters in six of Shelby County’s seven municipalities approved wine sales in food stores effective July 1, 2016. The next day, Josh Hammond, president of Buster’s Liquors & Wines, put the gears in motion to acquire the restaurant adjacent to his Highland Street spirits store.

2. Graceland West Moves Forward With $6.8M Permit -

1116 Craft St.
Memphis, TN 38116

Permit Amount: $6.8 million

Owner: Elvis Presley Enterprises

Architect: Hnedak Bobo Group

3. Kroger Closing Store at 576 S. Perkins -

In advance of its lease expiration in May, Kroger Delta Division is closing its store at 576 S. Perkins Road on March 26, the company announced Tuesday, March 1.

4. Belz Sells Shelby Oaks EnSafe Center for $910,000 -

5710-5730 Summer Trees Drive
Memphis, TN 38134
Sale Amount: $910,000

Sale Date: Jan. 10, 2014
Buyer: EnSafe Inc.
Seller: BICO Associates GP
Details: An affiliate of Belz Enterprises has sold the five-building Shelby Oaks EnSafe Center office complex on Summer Trees Drive in Northeast Memphis for $910,000.

5. Kroger-Anchored Centers Sell for Combined $41M -

Two Class A retail centers anchored by Kroger stores at 1605 N. Germantown Parkway and 540 S. Mendenhall Road have traded hands in an internal transfer for a combined $41.2 million.

6. LGSTX Services Expands Local Warehouse -

LGSTX Services Inc. is relocating and expanding its Memphis warehouse operations. The Wilmington, Ohio-based firm, which specializes in aviation support and facility services, has leased 184,680 square feet across two facilities in the Southwide Distribution area at 363 Burma Road and 410 Burma Road.

7. Commercial Real Estate Hits Doldrums -

When it comes to trends, commercial real estate usually lags residential real estate, sometimes by as much as a year. So with the housing market showing its first signs of improvement during the last month or so, the commercial sector needs to prepare itself for a long, bumpy road to recovery.

8. Commercial Real Estate Hangs on for Dear Life -

The pulse of commercial real estate is barely detectable, but the fact that it’s still registering a beat is remarkable considering the trauma it’s suffered over the past year.

From March 2008 through February 2009, commercial sales in Shelby County declined 35 percent compared to the prior 12-month period, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

9. Tight Credit Put Squeeze On ‘08 Commercial Real Estate Sales -

As with the residential sector, 2008 was a year to forget in commercial real estate, which suffered declining sales and endured a nationwide credit crunch throughout the year.

“The big storyline in ’08 was that lenders weren’t lending,” said Johnny Lamberson, senior vice president at CB Richard Ellis Memphis. “It put a real tightening on deals getting done. If deals weren’t highly leveraged, as the year went on it became harder and harder to get transactions closed because nobody was lending money.”

10. Newly Merged Renal Firm To Improve Poplar Ave. Building -

1333-1341 Poplar Ave.
Memphis, TN 38104
Permit Amount: $1.2 Million

Project Cost: $1.2 million
Permit Date: Applied December 2008
Completion: TBA
Owner: National Renal Alliance LLC
Tenant: National Renal Alliance LLC
Contractor: N/A
Architect: N/A

11. 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.

12. Houston REITs Buy $42M Share In Local Shopping Centers -

A newly formed joint venture between Weingarten Realty Investors and Hines Real Estate Investment Trust (REIT), both of Houston, has bought a majority share of two local Kroger-anchored retail centers for a combined $41.6 million.

13. Mendenhall CommonsSells for $11.9 Million -      Weingarten Nostat Inc. has bought Mendenhall Commons shopping center at 540 S. Mendenhall Road from Life Investors Insurance Co. of America for $11.9 million. Built in 1987 on 5.73 acres on the southeast corner of South

14. Archived Article: Pip Printing - PIP Printing to move offices, double space Local printer, computer company to double space Pip Printing, GTS Computing to move into new building on June Road in early summer By CAMILLE H. GAMBLE The Daily News Pip Printing is doubling its space in M...

15. Archived Article: Market Briefs - Freds Inc Freds Inc. reported Thursday that sales for the four-week period ended Aug. 31 increased .7 percent to $30.2 million, compared with $30 million in the year-earlier period. On a comparable store basis, August sales declined 3.2 percent. For...