Editorial Results (free)
1. Developers Baking $73 Million Deal at Wonder Bread Plant
- Wednesday, August 02, 2017
A development group wants to breathe new life into the former Wonder Bread plant that used to fill the Memphis Medical District with the smell of fresh bread before it closed in 2013.
A group of investors spearheaded by Chisca Hotel Developers – Development Services Group – has submitted a $73 million plan to create 286 upscale multifamily units, a 480-space parking garage and 150,000 square feet of office and retail space.
2. Wonder Bread Factory Rebirth Eyed by Chisca Hotel Developer
- Wednesday, August 02, 2017
A new plan submitted to city officials would breathe new life into the former Wonder Bread factory that used to fill the Memphis Medical District with the smell of fresh bread before it closed in 2013.
3. Agricenter Farmer’s Market Marks 31st Anniversary
- Wednesday, August 02, 2017
The Agricenter Farmer’s Market is marking its 31st anniversary belatedly with a tote bag in honor of the city’s oldest continuously operating farmers market in the county.
The cotton tote bags, which feature the market’s iconic red barn, are free to the first 400 customers at the market Wednesday, Aug. 2, with a limit of one per customer.
4. Blight More Than Out-of-State LLCs
- Tuesday, July 18, 2017
The prominent role investors play in buying single-family homes in Memphis to rent them out is part of the city’s significant problem with blight.
But there are some property owners who live here who don’t even know that their loved one who died recently made them a property owner.
5. Jobs Data Could Signal Shortage of Qualified Workers to Hire
- Monday, June 05, 2017
WASHINGTON (AP) – Are employers starting to run out of workers to hire?
A hiring pullback reported in Friday's U.S. jobs data for May raises that prospect. The economy added just 138,000 jobs, which was still high enough to help cut the unemployment rate to a 16-year low of 4.3 percent. With the recovery from the Great Recession having reached its eighth year, hiring is gradually weakening.
6. Winds of Change
- Saturday, June 03, 2017
Humans have been harnessing the power of the wind since the first Egyptians began to use sails to move their boats along the Nile. More than 7,000 years later, wind power capacity in the U.S. alone has surpassed 82 gigawatts, or enough energy to power 20 million homes, making it the largest renewable generation capacity in the country.
7. Last Word: Centennial, Hackett Retires -- Sort Of and Baseball Dreams
- Monday, May 22, 2017
Monday marks 100 years since a mob took Ell Persons off a train and to the Macon Road Bridge across the Wolf River and burned him alive. It was the lynching that gave birth to the Memphis Branch NAACP one month later. The national NAACP field office investigator who came to Memphis at great personal peril to investigate Person’s death was none other than James Weldon Johnson, the man who also composed “Lift Every Voice and Sing.”
8. Something Completely Different at McDonald's: Fresh Beef
- Friday, March 31, 2017
NEW YORK (AP) – Coming soon to McDonald's: Fresh beef.
The fast food giant said Thursday that it will swap frozen beef patties for fresh ones in its Quarter Pounder burgers by sometime next year at most of its U.S. locations. It's a major change for McDonald's, which has relied on frozen beef for more than 40 years. Employees will cook up the never-frozen beef on a grill when burgers are ordered.
9. Atlanta Developer Files $200 Million Germantown Mixed-Use Plan
- Tuesday, March 14, 2017
Atlanta developers have filed an outline plan with Germantown leaders for a $200 million mixed-use town village development on the 32-acre “Arthur tract” west of the Saddle Creek South retail center.
10. State Of The Suburbs
- Saturday, February 11, 2017
With its central location, unparalleled access to major roads, rails, runways and rivers and low cost-of-living, it’s no surprise that Memphis and the surrounding area is a popular destination for corporate headquarters, national retail brands and major industrial centers.
11. City Budget Season on the Way With Concerns
- Tuesday, December 20, 2016
One of the highlights of 2016 for the Memphis City Council that took office in January with six new members was a budget season in which there were no significant changes in the proposal by Memphis Mayor Jim Strickland, who also took office in January.
12. On-Demand Storage Offers Seasonal Space Relief
- Wednesday, November 30, 2016
With popular companies like Uber and Airbnb redefining their industries, it’s no surprise that other sectors are starting to tap into the country’s growing interest in on-demand services.
13. The Role Of Conscious Corporations
- Tuesday, November 08, 2016
Denial of a human-centric world and its impact on the planet since the industrial revolution is no longer an acceptable worldview.
In March, we reached the point of no return, the point where most credible international scientists agree that damage will be unprecedented and relentless. As we have surpassed global CO2 concentrations at 400 parts per million (PPM), let’s make this alarm a time for changing the purpose of business.
14. Ford Cutting Production as US Demand Slows
- Wednesday, October 19, 2016
DETROIT (AP) — Ford Motor Co. is cutting production as U.S. demand for new vehicles slows, but so far, its rivals aren't doing the same.
15. Southeast Memphis Portfolio Sells for $23.6 Million
- Thursday, October 13, 2016
Memphis, TN 38118
Sale Amount: $23.6 million
Sale Date: Sept. 27, 2016
16. How the Incredible Shrinking Stock Market Affects Your Fund
- Friday, September 23, 2016
NEW YORK (AP) – More companies don't want you, or any other investor, to buy their stock.
Instead of listing their shares on a stock exchange, businesses are going private or never going public in the first place. Security company ADT, for example, pulled its shares off the market this spring after going private in a nearly $7 billion buyout. Uber, meanwhile, makes it simple for customers to hail a car, but investors can't easily buy a piece of the privately held company, which is valued at more than $60 billion.
17. With Economic Outlook Hazy, Fed Likely to Leave Rates Alone
- Tuesday, September 20, 2016
WASHINGTON (AP) – Again and again in recent months, the Federal Reserve has signaled that it's edging closer to resuming the interest-rate hikes it began in December.
It just doesn't seem to be there quite yet.
18. Hospitable Market
- Saturday, September 17, 2016
The Memphis area hotel market continues on its solid run of the past few years, led by the Downtown submarket with strong occupancy and room rates. The pipeline for new Downtown hotel projects is loaded, with as many as 15 projects in various stages of development and hotel construction picking up in other parts of the county.
19. US Stocks Slump As Traders Fear Higher Interest Rates
- Monday, September 12, 2016
Investor jitters over the possibility the Federal Reserve is ready to raise interest rates this year roiled Wall Street Friday, handing the stock market its worst day in more than two months.
The Dow Jones industrial average sank nearly 400 points, its worst single-day loss since June. The broad slump wiped out two months of gradual gains, jolting the market out of a mostly flat course over the past several weeks.
20. Trust Marketing Mantra: It Takes Villagers to Reach the People
- Saturday, September 10, 2016
Even if you have not heard of Trust Marketing & Communications Inc., you’ve seen their work.
21. The World at your Doorstep
- Saturday, August 27, 2016
There is nothing you can’t get delivered these days. If you can imagine owning it, it’s only a matter of time before it can be in your possession, brought to your front door within minutes, hours or days from the first moment you even conjured the thought of having it.
22. Memphis Housing Market Ranked Among Healthiest
- Saturday, June 25, 2016
For the third consecutive quarter, Memphis has made the top ten in a national list of the healthiest housing markets.
In the second-quarter 2016 Health of Housing Markets report published by Nationwide, the Memphis metropolitan statistical area came in at No. 4 in a ranking of 400 housing markets, and is projected to be one of the most sustainable markets over the next year.
23. Memphis Housing Market Ranked Among Healthiest
- Wednesday, June 22, 2016
For the third consecutive quarter, Memphis has made the top 10 in a national list of the healthiest housing markets.
In the second-quarter 2016 Health of Housing Markets report published by Nationwide, the Memphis metropolitan statistical area came in at No. 4 in a ranking of 400 housing markets, and is projected to be one of the most sustainable markets over the next year. The Q2 report weighed employment, demographics, home prices and the mortgage market using data from the first quarter.
24. White House Clears Small, Commercial Drones for Takeoff
- Wednesday, June 22, 2016
WASHINGTON (AP) – Routine use of small drones by real estate agents, farmers, filmmakers and countless other commercial operators was cleared for takeoff by the Obama administration Tuesday, after years of struggling to write rules that would both protect public safety and free the benefits of a new technology.
25. Eye in the Sky: FedEx, Orbis Debut Third-Gen Flying Eye Hospital
- Friday, June 17, 2016
Memphis-based FedEx Express and Orbis International debuted the third-generation Orbis Flying Eye Hospital on Thursday, June 16, at the FedEx World Hub.
The Flying Eye Hospital is the world’s only mobile ophthalmic teaching hospital, which was retrofitted on an MD-10 aircraft donated by FedEx in 2011. The aircraft has been custom-designed to provide the best medical training and technology to patients and health care professionals throughout the developing world. It leaves for its inaugural program in Shenyang, China, on Sept. 2.
26. Paying the Freight: A3 Freight Payment 'Re-Creates the Wheel'
- Saturday, June 04, 2016
As CEO of A3 Freight Payment, Ross Harris emphasizes transparency. He speaks it, too.
“Our industry is kind of weird,” he said.
27. Last Word: As The Wheel Tax Turns, New Zoo Poll and Once Every Dozen Years
- Wednesday, June 01, 2016
When the school year ends, that’s not necessarily when leaders of school systems can take it easy.
That’s because the business of school systems is about looking months if not years ahead on your mental calendar.
28. Memphis Consultant Says Airport Area ‘Gone’ for Hotel Development
- Saturday, May 07, 2016
One of the last remaining hotels near Memphis International Airport has sold in foreclosure for the second time in less than five years.
Chuck Pinkowski, a local hotel consultant with Pinkowski & Co., said that a multimillion-dollar renovation couldn’t save the Holiday Inn from a declining hotel market.
29. Memphis MSA Industrial Sector Has A Strong First Quarter After Record 2015
- Saturday, May 07, 2016
The Memphis MSA industrial sector had a strong first quarter after a record-breaking year in 2015.
Last year saw a record absorption rate of 8.4 million square feet, which is 2 million square feet higher than 2006’s pre-recession levels.
30. Middle Tennessee construction can’t meet demand
- Saturday, April 16, 2016
When it comes to residential real estate around Middle Tennessee, there are plenty of buyers but not nearly enough sellers, says Heather Benjamin with Reliant Realty’s Benjamin McConnell Group. And new construction just can’t keep up with the demand.
31. Young Cherishes Role of Rebuilding Memphis Neighborhoods
- Tuesday, April 12, 2016
“I don’t want to be viewed as the most powerful person in Memphis,” said Paul Young, a Memphis native who became director of Housing and Community Development for the city of Memphis in January.
32. Moving Dirt
- Saturday, April 09, 2016
The Memphis development community is looking inward and upward to increase density in the urban core. New construction is happening across all four commercial real estate sectors, with long-anticipated projects like Trader Joe’s and the redevelopment of Central Station finally coming to fruition. Construction and operating costs continue to be a challenge as new projects hit the top of their class to command higher rents.
33. Up, Up and Away
- Saturday, March 12, 2016
The modern-day drone is both a high-tech military tool and a safer way to play humanitarian and deliver medicine and supplies to the suffering people of war-torn Syria.
The drone is everything from a stalking device to track poachers creeping through the South African bush hunting rhinos to the impetus for a potential commercial growth industry right here in Memphis.
34. Liquor Giants a Threat to Dominate Memphis Sales
- Friday, March 04, 2016
In less than four months, Memphians will be able to purchase wine in grocery stores.
Since the Tennessee Legislature passed the resolution in 2014, Memphis liquor stores have been prepping for the July 1 bombshell by adding growler stations, padding shelves with packaged cheese and meat and undergoing hefty store expansions.
35. Poplar Opens Up
- Saturday, February 27, 2016
The prized retail stretch of Poplar Avenue between Perkins Road and Interstate 240 is shaking up in a way the area hasn’t seen in several decades. Within the next two years, more than 230,000 square feet will be made available in what has historically been a tight trade area.
36. Work Begins On Brewery Development
- Thursday, February 25, 2016
502 Tennessee St.
Memphis, TN 38103
Permit Amount: $4.5 million
Application Date: Feb. 18, 2016
Tenant: Brewery Master Tenant LLC
Architect: LRK Architects
Contractor: Montgomery Martin Contractors
37. The Week Ahead: Feb. 22, 2016
- Monday, February 22, 2016
Good morning Memphis. The Monday holidays are gone for a while, we’re afraid, but you’ve got a whole week to finish that work instead of just four days. Here are a few items to look forward to this week, led by the annual announcement of performers who will descend on Memphis this May for the Beale Street Music Festival.
38. Downtown Hotel Pipeline May Deter Larger Developer
- Wednesday, February 17, 2016
The proliferation of limited-size Downtown hotels could make the area less attractive for the 500-room, full-service hotel Downtown desperately needs.
That was board member Rob Norcross’ warning at the Feb. 11 meeting of the Land Use Control Board. And the Memphis Convention & Visitors Bureau agrees that small hotels pose a risk.
39. Real Estate Vet: Kroger Looking to Spread its Wings
- Monday, February 15, 2016
Jimmy Lewis isn’t surprised by word that emerged in recent days about Kroger, the nation’s largest grocery chain, eyeing an acquisition of specialty grocer Fresh Market.
40. Strickland Wants Contract, Pay Boost for Memphis' Next Police Director
- Friday, February 12, 2016
Memphis Mayor Jim Strickland wants to offer the next Memphis Police Department director a multi-year contract for more than the $150,000 the city is currently paying interim police director Michael Rallings.
41. New Numbers: Memphis Industrial Market Breaks Records
- Friday, February 12, 2016
The Memphis industrial sector had a banner year in 2015. According to year-end data from Cushman & Wakefield/Commercial Advisors, last year’s absorption level came in at 8.4 million square feet, 2 million square feet higher than 2006’s pre-recession levels and a record for the market.
42. Twitter Tweaks its Timeline in Pursuit of More Users
- Thursday, February 11, 2016
SAN FRANCISCO (AP) — Twitter is tweaking the way that tweets appear in its users' timelines in its latest attempt to broaden the appeal of its messaging service.
The change announced Wednesday moves Twitter closer to a formula that Facebook uses to determine the order of posts appearing in its users' news feeds.
43. The Grind
- Saturday, January 16, 2016
For Memphis musicians like John Paul Keith, the grind is not a catchy rallying cry or slogan. It’s a philosophy, a work ethic that allows musicians like him to earn a living dedicating themselves to their craft in one of the most important music cities in the world.
44. Plans Forming for Memphis’ First Food Hall
- Wednesday, December 16, 2015
A norm on the East and West coasts – and an even older tradition in Europe and other international cities – indoor food markets are making their way to the Southeast in cities like Nashville, Atlanta, Little Rock and St. Louis.
45. Why Relationships Are Essential To Research
- Thursday, December 10, 2015
Beth Werner, Head of Retail Research and Vision at Bose
So, why are relationships essential for research? Let me begin by telling you a little about myself, and then tell you about why relationships are scary for Bose.
46. Memphis' Grocery Wars
- Saturday, December 05, 2015
After Sprouts became one of the newest grocery chains to enter the Memphis market by opening stores in Lakeland and Germantown earlier this year, company spokesman Diego Romero described the chain’s arrival as practically a no-brainer.
47. Methodist Forms Partnership to Improve Health Care Quality in China
- Monday, November 30, 2015
Methodist Healthcare is known as one of Memphis’ leading health care institutions, but it’s also working to spread its institutional knowledge related to things like training and health care management across the globe.
48. Terminix Acquires Alterra Pest Control
- Friday, November 13, 2015
Terminix has acquired the assets of Alterra Pest Control, a three-year-old company that in a short time has grown to become one of the 15 largest residential pest control companies in the U.S.
The acquisition was announced Wednesday, Nov. 11. Alterra, which has 22 branches in 15 states, will continue to use its name.
49. Terminix Acquires Alterra
- Thursday, November 12, 2015
Terminix has acquired the assets of Alterra Pest Control, a three-year-old company that in a short time has grown to become one of the 15 largest residential pest control companies in the U.S.50. Visa to Buy Visa Europe in Deal That Could Exceed $23B - Tuesday, November 03, 2015
NEW YORK (AP) — Payment processing giant Visa announced plans Monday to buy its sister company, Visa Europe, in a deal that could be worth more than $23 billion and would consolidate all of Visa's operations worldwide.51. Orgill to Build New World HQ in Collierville - Wednesday, October 28, 2015
Orgill Inc. is going to build its new world headquarters in Collierville, bringing a $15 million investment and 115 new jobs.
Memphis-based Orgill is the world’s largest independently owned hardlines distributor, according to the Tennessee Department of Economic and Community Development.52. Tanger Southaven Expected To Drive More DeSoto County Retail - Tuesday, October 27, 2015
At its grand opening Nov. 20, Tanger Outlets Southaven mall will finally see light after years of development.
The project, which initially was developed by Memphis-based Poag Shopping Centers and shelved during the recession, was revived thanks to a relationship with national group Tanger Factory Outlet Centers Inc. and several public partnerships with DeSoto County and the state of Mississippi.53. US Cold Storage Latest Growth For Tipton County - Monday, October 12, 2015
Phil Coles remembers one job interview in particular as he was hiring for the new United States Cold Storage plant in Covington, Tenn.
The job applicant, who was from Covington, had questions for Coles, the plant’s general manager. Was the plant paid for? Or was U.S. Cold renting? The bottom line was job stability in a town and county that has had a rough recession.54. Earlier Conversions Leave Lessons for Foote Homes Project - Friday, October 02, 2015
The coming redevelopment of Foote Homes will be different from previous public housing conversions, incorporating lessons learned from relocating residents.
The last phase of neighboring Cleaborn Homes’ conversion to a mixed-use, mixed-income development is under construction on the other side of Lauderdale Street. It will create 67 multifamily units and should be completed by the end of the year.55. Last-Minute Negotiations Secure $30 Million Foote Homes Grant - Tuesday, September 29, 2015
The Foote Homes public housing development is still standing with word Monday, Sept. 28, that the city of Memphis has secured a $30 million federal grant to convert it to a mixed-use, mixed-income development.56. Memphis Nabs $30 Million South City Grant After Last-Minute Negotiations - Friday, September 25, 2015
The Foote Homes public housing development is still standing with word Monday, Sept. 28, that the city of Memphis has secured a $30 million federal grant to convert it to a mixed-use, mixed-income development.57. Memphis Multifamily Action Gets Second-Quarter Boost - Monday, September 21, 2015
Multifamily fundamentals were strong for the second quarter of 2015 as Downtown and Collierville continued to perform well in their new-construction booms.
New construction is ahead compared to second quarter 2014, with 567 units coming online in the Memphis metro area compared to 466 units last year, according to CBRE Memphis’ Multifamily MarketView. By year-end, construction will total 1,280 units.58. OneJet Expands, Says Memphis Route Exceeding Expectations - Thursday, August 13, 2015
Six weeks into OneJet’s Indianapolis-Memphis air service, the CEO of the small- to medium-sized market air carrier says the route is performing “beyond our expectations.”
Matthew Maguire and OneJet executives announced Thursday, Aug. 13, that Nashville will be the fourth city to join Memphis, Pittsburgh, Pa., and Milwaukee, Wis., in service to and from Indianapolis, One Jet’s “focus” city.59. 'En Fuego' - Saturday, August 01, 2015
When Southaven Mayor Darren Musselwhite took office in June 2013, one of the first tasks that landed on his desk was a long-planned regional outlet mall.
The outlet mall, planned for a roughly 33-acre site at Church Road and Interstate 55 in the DeSoto County city, had been on the drawing board for some time, but the recession and its aftermath caused developers and Mississippi officials to put it on hold.60. Build Out - Saturday, July 25, 2015
Boyle Investment Co. is building a 52,000-square-foot office building at its Schilling Farms community in Collierville in which Helena Chemical Co.’s Southern Business Unit will lease half of the space. 61. Ikea Buys Cordova Acreage For Planned Memphis Store - Tuesday, July 21, 2015
41 Acres for
Future Ikea Store
Sale Amount: $5.7 million
Sale Date: July 10, 2015
Buyer: IKEA Property Inc.62. Memphis Tourism Officials: Limit Hotel Tax Breaks - Tuesday, July 21, 2015
A wave of Downtown hotel plans has officials pumping the brakes on using public incentives for smaller, limited-service hotels.
With up to a dozen Downtown hotel projects in the development pipeline, the Memphis Convention and Visitors Bureau has asked the Downtown Memphis Commission to explore limiting incentives to large, full-service hotels.63. Wonder Bread Bakery Under Contract - Tuesday, July 07, 2015
The former Wonder Bread bakery at 400 Monroe Ave. could soon have a new owner.
The bakery, idled by a labor strike before being sold in 2013, is under contract to a potential buyer, according to a commercial real estate broker.64. Building Boom Strains Labor Pool, Supply Chain - Saturday, July 04, 2015
Middle Tennessee’s red-hot construction boom is becoming a victim of its own success. Architects, contractors and everyone in between, including Metro Codes, are up to their necks in work.
It’s a happy time of an industry that also can see long, slow periods of stagnation.65. OneJet Lands in Memphis, Thanks in Part to FedEx - Wednesday, June 24, 2015
Mid-South business travelers now have an easy, efficient way to reach several large Midwestern markets.
OneJet, a startup airline catering to business travelers, launched its inaugural Memphis to Indianapolis flight on Monday, June 22.66. Here's Why Home Sales Are Finally Surging - Tuesday, June 23, 2015
WASHINGTON (AP) — Real estate has gotten hot again.
Home sales are on pace for their best year since 2007. First-time buyers are streaming back into the market. Prices are skyrocketing, aided by a stronger job market and tantalizingly low mortgage rates that are creating pressure for buyers to act fast.67. 5 Reasons Why US Employers are Showing Confidence in Economy - Monday, June 08, 2015
WASHINGTON (AP) – Employers last month delivered a vote of confidence in the U.S. economy.
They added 280,000 jobs – a surprisingly robust total at a time when consumers are hesitant to spend and the economy appears less than fully healthy. Some key industries, from energy to manufacturing, have been struggling. And economic troubles overseas have put investors on edge.68. Pending US Home Sales Jump to Strongest Level in 9 Years - Friday, May 29, 2015
WASHINGTON (AP) – Americans signed contracts to buy homes in April at the fastest pace in nearly nine years, evidence that steady job growth is strengthening the real estate market.
The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index climbed 3.4 percent to 112.4 last month. It's the fourth consecutive monthly gain. The index now stands at its highest level since May 2006.69. 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.70. ‘Pioneering is a Bitch’ - Saturday, April 18, 2015
Christy Shuff was robbed on the night she moved some equipment into her soon-to-open new business, Rumours Gallery, on 12South Avenue.
That was 12 years ago, and Shuff, now 40, and her then-husband Will Shuff were aspiring urban pioneers, ready to take a chance on the downtrodden, but affordable 12South area, then home to a few businesses and mostly older houses.71. Kiesewetter Joins Fisher Phillips Law Firm - Wednesday, April 15, 2015
Jay W. Kiesewetter has joined the Memphis office of Fisher & Phillips LLP as senior counsel. In his new role, Kiesewetter advises clients on issues related to union organizing and elections, arbitrations, negotiations, strikes, lockouts and Labor Board charges.72. Analyst Downgrades Apple Shares as Smartwatch Goes on Sale - Monday, April 13, 2015
NEW YORK (AP) – As consumers trekked to Apple stores to try on the company's smartwatch for the first time, a Raymond James analyst downgraded shares of the tech giant, saying its first product launch under CEO Tim Cook poses "more risk than reward."73. Five of the Nation’s Finest - Saturday, April 04, 2015
Each year the U.S. Chamber of Commerce recognizes the contribution of small business to the national economy with the Blue Ribbon Small Business Awards. Five from Knoxville’s business community – The Tomato Head, Management Solutions LLC, Design Innovation Architects Inc., Visionary Solutions LLC and AMS Corp. – have been chosen for inclusion in the annual program.74. FDA Approves Genetically Engineered Potatoes, Apples as Safe - Monday, March 23, 2015
BOISE, Idaho (AP) – Potatoes that won't bruise and apples that won't brown are a step closer to grocery store aisles, but some food suppliers say they don't want any part of it and others are staying silent.75. Chicago-Based LivCor Snaps Up Memphis Apartment Community - Tuesday, March 17, 2015
9230 Thornbury Boulevard
Memphis, TN 38125
Sale Amount: $51.3 million
Sale Date: Feb. 27, 201576. Real Estate Community Readies for Pinnacle Awards - Wednesday, February 11, 2015
Buyer: BRE Piper MF Forest Creek TN LLC, an affiliate of Chicago-based LivCor LLC,
Seller: Forest Creek Apartment Associate LLC and Forest Creek Land Associates LLC, affiliates of Carter Hastin Real Estate Services Inc.
Loan Amount: $44.2 million
Loan Date: Feb. 27, 2015
Lender: Wells Fargo Bank
Details: The Preserve at Forest Creek Apartments in Southeast Memphis has been sold for $51.3 million.
Planning is well underway for the Memphis Area Association of Realtors Commercial Council’s 14th annual Pinnacle Awards ceremony, an evening dedicated to bringing commercial real estate industry professionals together and honoring them for their accomplishments in the previous year.77. Loeb Properties Bullish on Center City Development - Friday, February 06, 2015
When Loeb Properties Inc. acquired the warehouse at 2542 Broad Ave. in 1995, Aaron Petree, the company’s current vice president of brokerage, was just starting high school.78. Drowning in Student Loan Debt - Saturday, January 31, 2015
Three-and-a-half years after graduating from the University of Tennessee-Knoxville, Yasameen Hoffman is still trying to land the kind of full-time job that will help her start paying off her student loan.79. Memphis Industrial Market Rebounds in 2014 - Monday, January 05, 2015
The upswing in the industrial real estate sector that started in 2012 and gained momentum in 2013 continued in 2014 and the Memphis market, fueled by several large transactions late in the year, should top 2013's level of around 3.2 million square feet of absorption.80. Big Deals Highlight 2014 Real Estate - Thursday, January 01, 2015
In Inked, we like to highlight local real estate transactions and the often-interesting companies leasing or buying commercial real estate space in the Memphis market. We also like to keep you informed about major deals before they happen and track companies that are critical to the local economy. Here are some important items that appeared in Inked in 2014.81. More Than One Way to Ring in New Year in Knoxville - Saturday, December 27, 2014
With gas prices dropping and the economy continuing to improve, Knoxvillians have much to celebrate as 2014 comes to a close. A number of venues and restaurants have festive plans for New Year’s Eve.82. Ad Retargeting May Spoil Holiday Surprise - Wednesday, December 17, 2014
When you shop Amazon for a product and then see that same product in a Facebook ad days later, it is certainly not a coincidence. It is a marketing strategy called ad retargeting, and it is dominating online advertising.83. Target Bringing 400-Job Project to Memphis - Thursday, December 11, 2014
Memphis is poised to land hundreds of new jobs and retain several hundred more. Target will seek incentives from Memphis and Shelby County as early as next week for an online fulfillment center that will create over 400 new jobs.84. Trader Joe’s: No Immediate Plans for Memphis - Wednesday, December 03, 2014
Trader Joe’s doesn’t have any immediate plans to enter the Memphis market, the company said Wednesday, Dec. 3.
“A Memphis/Germantown store is not in our two-year plan at this time,” said Rachel Broderick, a spokeswoman for the sought-after specialty grocery chain.85. Victorian Village Homes See Demand - Wednesday, December 03, 2014
A new single-family residential project in the heart of Victorian Village is doing very well, thank you very much.
Five of the eights lots inside Planters Row II, a unique master planned community on Jefferson Avenue in Victorian Village between the Medical Center and Downtown core, are already optioned or under contract after the first day of sales, according to Scott Blake, president of Design 500 Inc. 86. More at Moore - Tuesday, November 25, 2014
The large old trees on its campus and the large paned windows of its brick buildings indicate the William R. Moore College of Technology has been around for a while.
It was the idea of William R. Moore, a dry goods wholesaler, who left a $500,000 endowment to fund the institution following his death in 1909. 87. Thinking Independent - Tuesday, November 11, 2014
The origin story, if it could be called that, for many of the shops and restaurants in the burgeoning Broad Avenue Arts District tends to start the same way.
Their future proprietors were in the area and just fell in love with it – the neighborhood, and sometimes a specific building. That’s the way it was for Lisa and Luis Toro, working to open the new store City & State at 2625 Broad Ave. in a few months, with the former describing the process of settling on a building as a little like falling in love with the right wedding dress.88. Yellen: Awareness of Economists' Diversity Needed - Friday, October 31, 2014
WASHINGTON (AP) – Federal Reserve Chair Janet Yellen says she wants to raise awareness of the need for diversity among economists, with relatively few women and minorities still choosing to major in economics in college.89. Mixed-Use Project Looms for Former Lakeland Mall - Friday, October 31, 2014
Get used to the name Lake District. You’ll probably be hearing more about it in the near future. Lake District is the new name for the revamped project being planned at the old Lakeland Factory Outlet Mall site.90. Presenting Mid-October Economic Snapshot - Wednesday, October 22, 2014
The heightened volatility month of October continued last week. On Wednesday alone, the Dow Jones Industrial Average moved nearly 460 points from its high point in the day to its low point (before closing in between). Granted, a 400-point move from a 16,000 altitude translates into much milder percentage moves when compared to a similar move off of a lower base, but with the number on CNBC constantly, it gives investors pause.91. How Bad is Knoxville Crime? - Saturday, October 18, 2014
From murders to burglaries, most of Knoxville’s crime can be attributed to illegal drugs, police say.
But even as crime figures have remained static for years, where you live likely determines how you feel about crime and safety.92. Recruiter’s Career Twist - Saturday, October 18, 2014
Ask Janet Miller about her remarkable career at the Nashville Area Chamber of Commerce and she’ll likely attribute it to good timing or pass credit onto others.93. Whole Foods to Roll Out Rankings for Produce - Saturday, October 18, 2014
Whole Foods plans to start rolling out a system that ranks fruits and vegetables as "good," ''better" or "best" based on the supplier's farming practices.
Most notably, the supermarket chain says its "responsibly grown" labeling system for produce and flowers will prohibit the use of several common pesticides. The rankings will also take into account factors such as water and energy use.94. Whole Foods to Roll Out Rankings for Produce - Thursday, October 16, 2014
Whole Foods plans to start rolling out a system that ranks fruits and vegetables as "good," ''better" or "best" based on the supplier's farming practices.
Most notably, the supermarket chain says its "responsibly grown" labeling system for produce and flowers will prohibit the use of several common pesticides. The rankings will also take into account factors such as water and energy use.95. Obama Claims Progress on Wall Street Rules - Tuesday, October 07, 2014
WASHINGTON (AP) – A year after prodding financial regulators to act more swiftly to rein in Wall Street, President Barack Obama on Monday claimed progress in toughening banking rules but urged bank overseers to consider additional ways to prevent the kind of risk-taking that precipitated the 2008 financial crisis.96. University of Tennessee Students Help Design Nashville’s Future - Saturday, September 27, 2014
Nashville may be a city on the rise, attracting new residents by the droves. But it’s also a laboratory for students at the University of Tennessee-Knoxville’s College of Architecture and Design, where they are designing the communities of the future in partnership with the Nashville Civic Design Center.97. Sprouts Confirms Lakeland, Germantown Stores in 2015 - Saturday, September 20, 2014
Sprouts Farmers Market, a fast-growing specialty grocery chain, has confirmed it will open two Memphis-area stores in 2015, one in Germantown and another in Lakeland.
Sprouts will turn the 30,000-square-foot former Schnucks location at The Shops of Forest Hill at Poplar Avenue and Forest Hill-Irene Road in Germantown into one of its stores, which replicate the look and feel of an indoor farmers market and specialize in fresh, organic and healthy food.98. Stock Gains Lift US Household Wealth to Record High - Friday, September 19, 2014
WASHINGTON (AP) – Strong stock market gains and higher home prices boosted Americans' net worth in the April-June quarter to a record high, a trend that could encourage more spending.
U.S. households also took on the most new debt in five years, driven mostly by student and auto loans. More borrowing can be a sign of confidence, although greater student debt can pose a burden for younger households.99. Officials Vow to Help Cargill Workers Find Jobs - Thursday, September 18, 2014
The Greater Memphis Chamber says it will work with its partners to help displaced Cargill Inc. employees find new jobs.100. Cargill to Close Memphis Corn Mill - Tuesday, September 16, 2014
Cargill Inc. will close its Memphis corn mill in January, a move that will impact 440 employees.
The company said the closure of the facility resulted from the underutilization of the Memphis plant on Presidents Island and its location far away from the Corn Belt. The nearby corn oil refinery that employs 28 people will remain open and operate as a standalone facility, Cargill said.