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Editorial Results (free)

1. Memphis Retail Market ‘Cautiously Optimistic’ Through First Quarter -

Despite some notable big-box bankruptcies, positive growth is still in the forecast for the rest of 2017, according to Cushman & Wakefield/Commercial Advisors’ first quarter Retail Marketbeat Report.

2. Moving Dirt -

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.

3. Dayco Wins Tax Break For Distribution Operations -

Michigan-based manufacturer Dayco Products Ltd. will consolidate its distribution operations in the Memphis area, but exactly where remains undecided.

“Due to the continued growth in demand for our products and increased product complexity over the past several years, we have committed to this significant capital investment in order to deliver increased value to our customers,” said Ed Rammel, president of the North American and Australian Aftermarket for Dayco, in a company statement.

4. Sprouts Opening Lakeland Store May 13 -

Sprouts Farmers Market, a fast-growing specialty grocery chain, has set an opening date for its first Memphis-area store.

Phoenix-based Sprouts, which replicate the look and feel of an indoor farmers market and specialize in fresh, organic and healthy food, will open a 28,000-square-foot store in a former Kroger at 9050 U.S. 64 in Lakeland on May 13.

5. Macon Homes Complex Sells for $800,000 -

500 N. Claybrook St.
Memphis, TN 38104
Sale Amount: $800,000

Sale Date: Aug. 20, 2014
Buyer: Crosstown Macon Homes LLC
Seller: Macon Homes
Details: The 24-unit Macon Homes section 8 apartment complex at 500 N. Claybrook St. in Midtown has sold for $800,000.

6. Macon Homes Complex Sells for $800,000 -

The 24-unit Macon Homes section 8 apartment complex at 500 N. Claybrook St. in Midtown has sold for $800,000.