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Editorial Results (free)

1. Pinnacle Bank Maps More Growth, Additional Hires in Memphis Market -

With new bank branches and loan production offices planned locally, new hires and increased production numbers, Nashville-based Pinnacle Financial Partners is making an impact on the Memphis banking market following its acquisition of Magna Bank in 2015.

2. Office Vacancy, Asking Rents Both Rise -

Despite an uptick in the vacancy rate, direct asking prices continued to rise in the Memphis office market during the first quarter of 2018, according to research complied by commercial real estate firm Avison Young.

3. Pinnacle Continues to Ramp up Memphis Presence -

Pinnacle Bank is continuing to accelerate its growth in the Memphis banking market, with the opening in recent days of two new loan production offices, a new mortgage office, plus another mortgage office on the way soon in Southaven.

4. Boyle Investment Co. Celebrating 85th Year -

Boyle Investment Co. celebrated its 85th anniversary with a luncheon on Friday, March 23, for its 113 employees on the top floor of its new Class A office building at 949 S. Shady Grove Road.

5. New Construction North Of State Line Highlights Busy Q4 -

A flurry of large-scale build-to-suit projects north of the Tennessee-Mississippi state line – the first of their kind in a decade – capped off a busy 2017 for the Memphis industrial market, which closed the fourth quarter with 665,896 square feet of net absorption, according to Cushman & Wakefield/Commercial Advisors’ latest Marketbeat report.

6. 2017 a Year of Expansion for Memphis Banks -

The biggest banks in Memphis made aggressive pushes this year to raise their profiles and expand footprints, as competition in the sector heats up and the industry continues winning back the strength it enjoyed before the bust of 2008.

7. Growth Spurt -

Executives with Pinnacle Financial Partners in Memphis are “so granular” in maintaining a pipeline of candidates they’d like to recruit to work at the bank that they meet every week to discuss the pool of potential hires.

8. Pinnacle Expanding Memphis Footprint -

A week after Pinnacle Financial Partners’ Memphis chairman told The Daily News the bank would be growing its footprint around the city, the bank has announced it’s preparing to do just that.

9. Clicking on All Cylinders -

Memphis is a city on the precipice of change as projects that were once deemed impossible – like ServiceMaster’s Downtown headquarters or Crosstown Concourse – have emboldened developers and city officials to shoot for the moon.

10. Amazon, Pfizer Seek Incentives for Projects -

While Memphis has been working to win the nod from Amazon in the company’s highly publicized decision on where it will put its second headquarters, the city is poised to get a major unrelated investment from the e-commerce giant.

11. Pfizer Seeks Incentives to Retain Financial Services Operations in Memphis -

Admitting that its workforce in Memphis has been declining due to technology and business changes, pharmaceutical company Pfizer Inc. is seeking a 14-year payment-in-lieu-of-taxes incentive from the city and county to retain its finance and accounting operations in Memphis with a “stabilized” workforce of about 250 workers.

12. Strategic Financial Partners In Growth Mode -

Strategic Financial Partners president Russ VanderSteeg has been thinking about the future of his company and how to bring more younger financial advisers into an industry that has been going gray fast for at least a few years now.

13. Malco Moving Forward With Downtown Theater -

45 E. G.E. Patterson Ave.
Memphis, TN 38103 

Permit Amount: $5 million

Project Cost: $55 million

Application Date: March 2017

14. Pinnacle Ramps Up Investment in Memphis -

Since its entry into Memphis, Nashville-based Pinnacle Financial Partners has been slowly ramping up and investing in its presence here, a trend that has continued unabated in recent weeks.

The bank, among other things, struck a deal to bring a Starbucks store inside its Wolf River office at 1264 S. Germantown Road. It’s also gone on a hiring binge in recent weeks, and it’s filed a $2.3 million building permit for interior tenant work for its Memphis headquarters at 949 S. Shady Grove Road.

15. Anchor Office Tenant Pinnacle Bank Files $2.3M Permit -

A major project that ended a decade-long speculative drought in Memphis has taken another step forward.

Pinnacle Bank, the anchor tenant in Boyle Investment Co.’s long-awaited office building in Ridgeway Center, filed $2.3 million building permit application with the city-county Office of Construction Code Enforcement for interior tenant work. Linkous Construction Co. is listed as the contractor.

16. Ridgeway Center Anchor Office Tenant Pulls $2.3M Permit -

A major project that ended a decade-long speculative drought in Memphis has taken another step forward.

Pinnacle Bank, the anchor tenant in Boyle Investment Co.’s long-awaited office building in Ridgeway Center, filed $2.3 million building permit application with the city-county Office of Construction Code Enforcement for interior tenant work. Linkous Construction Co. is listed as the contractor.

17. 2016: Not Too Many Banking Industry Surprises -

When shareholders of First Tennessee Bank’s Memphis-based parent company convened in April at the bank’s Downtown Memphis headquarters for their annual meeting, the whole thing wrapped up in about 10 minutes.

18. Three CRE Firms Join to Improve Connectivity at Busy Poplar Corridor -

Three Memphis real estate companies with significant assets in the Poplar Avenue/Ridgeway Road area are making plans to improve connectivity and walkability there.

Boyle Investment Co., Highwoods Properties Inc. and Loeb Properties Inc. are forming the Shady Grove/Ridgeway Business Owners Association (BOA), an advocacy organization focused on pedestrian/streetscape enhancements for the East Memphis business district, particularly at Poplar and South Shady Grove Road.

19. Real Estate Awakening -

The year’s biggest office deal didn’t affect Memphis’ office absorption at all, but everyone in real estate has felt its reverberations.

When ServiceMaster Global Holdings announced its move to the shuttered Peabody Place Mall from Ridge Lake office park, it promised new life for a 328,000-square-foot black hole in Downtown’s retail market.

20. Open and Shut -

The office of the future hacks down cubicle walls in favor of modular furniture that encourages collaboration. As many business sectors, from banking to legal services, move to a tech-first approach, companies are turning away from traditional office configurations to attract the next generation of talent.

21. Last Word: Convention Bounces, Changing Schools and Blue Collar Changes -

Before the balloons dropped Thursday and a Katy Perry soundtrack brought the Democratic National Convention to an end, state Representative Raumesh Akbari of Memphis spoke at the convention on its final day.

22. Pinnacle Keeps Ramping Up in Memphis -

Pinnacle Financial Partners has been steadily ramping up its presence in Memphis since entering the market last year via its acquisition of Memphis-based Magna Bank.

23. Last Word: Spec In East Memphis, Bike Share Test and Gannett Earnings -

Pinnacle Financial is the anchor for the first Class A spec office space in Memphis in just about a decade.

Madeline Faber breaking the Boyle lease news for the $20-million office tower at 949 S. Shady Grove Road. This is what office-space developers have been talking about for quite some time and as more time passed there was apprehension about the window for spec office space running out.

24. Pinnacle Financial to Anchor Boyle’s Building -

Pinnacle Financial Partners will be an anchor tenant in Boyle Investment Co.’s long-awaited office building in Ridgeway Center.

25. Pinnacle Financial Anchor Tenant in Boyle's New Office Building -

Pinnacle Financial Partners will be an anchor tenant in Boyle Investment Co.’s long-awaited office building in Ridgeway Center.

26. Boyle Unveils New Office Building Design -

Boyle Investment Co. is offering the first glimpse of the new office building the company is planning near Poplar Avenue and Shady Grove Road.