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University of Memphis' MD2K Center develops app to help track social distancing
News 1 month ago
University of Memphis' MD2K Center develops app to help track social distancing

On March 12, MBJ asked Santosh Kumar, director of the MD2K center for Excellence, if his team was doing research to combat the spreading...

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Kemmons Wilson Cos. moving headquarters to Spaghetti Warehouse building Downtown
News 1 month ago
Kemmons Wilson Cos. moving headquarters to Spaghetti Warehouse building Downtown

Kemmons Wilson Cos. plans to move its headquarters to the old Spaghetti Warehouse building in Downtown Memphis. The famous, revered local company...

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Meet the 2020 Best of the Bar finalists in the Real Estate category.
News 1 month ago
Meet the 2020 Best of the Bar finalists in the Real Estate category.

All of the 2020 Best of the Bar finalists were featured in a special edition of the Memphis Business Journal released March 27. In the coming weeks...

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California firm buys Highland Row near the University of Memphis
News 1 month ago
California firm buys Highland Row near the University of Memphis

California-based Forge Partners purchased Highland Row this week. The firm paid about $65 million for the 395 S. Highland St. property, which...

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Memphis Housing Authority attempts $233 million redevelopment of apartments in Uptown, Downtown, and South Memphis
News 2 months ago
Memphis Housing Authority attempts $233 million redevelopment of apartments in Uptown, Downtown, and South Memphis

The Memphis Housing Authority (MHA) plans to redevelop more than half of the public housing units in its portfolio. The project is set to cost $233...

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Charlie Ryan sells Cooper/Central property
News 2 months ago
Charlie Ryan sells Cooper/Central property

Local commercial real estate transactions have all but stopped, and most retail establishments have been ordered to close by city leaders. But,...

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Are commercial real estate lenders still lending?
News 2 months ago
Are commercial real estate lenders still lending?

Commercial real estate investors loathe to part with cash these days and many developers want to wait before starting new projects. Even those who...

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Guest column: How businesses can get property tax relief during coronavirus economic conditions, by Caren Nichol with Evans Petree
News 2 months ago
Guest column: How businesses can get property tax relief during coronavirus economic conditions, by Caren Nichol with Evans Petree

While it is certain that we will have to pay property taxes and no virus will get us out of that, who is going to bear the burden of the downturn...

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Memphis commercial real estate sales drop steeply, according to Shelby County Register of Deeds
News 2 months ago
Memphis commercial real estate sales drop steeply, according to Shelby County Register of Deeds

On March 20, a Bloomberg article declared "a freeze is settling on commercial property markets." That freeze appears to have reached Memphis. In...

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International Paper, local companies open new credit lines in wake of COVID-19 pandemic
News 2 months ago
International Paper, local companies open new credit lines in wake of COVID-19 pandemic

As the coronavirus' clouds darken and forecasts of a recession loom over the economy, businesses around the country have opened new credit lines to...

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FedEx and UPS each lease land at Memphis International Airport for expansions
News 2 months ago
FedEx and UPS each lease land at Memphis International Airport for expansions

The Memphis-Shelby County Airport Authority approved leasing agreements for more land to two of their major tenants: Competitors FedEx and UPS....

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Lake District updates: Malco renderings & bowling, Stock Market grocery store permit
News 2 months ago
Lake District updates: Malco renderings & bowling, Stock Market grocery store permit

The Stock Market grocery store en route to the huge Lake District development appears to be progressing. A $1.5 million building permit was filed...

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LRK talks long distance collaboration, why it was prepared to work remotely
News 2 months ago
LRK talks long distance collaboration, why it was prepared to work remotely

With eight offices spread across the country, and a need for collaboration between locations, remote work isn't a foreign concept to LRK. At times,...

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Kroger CEO explains toilet paper supply chain and rush to hire thousands of people
News 2 months ago
Kroger CEO explains toilet paper supply chain and rush to hire thousands of people

A Greater Cincinnati Kroger store received a pallet of toilet paper Wednesday morning. It was gone within an hour. That's one sign of why Rodney...

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Broad Ave. apartments receive incentive, expected to have aggressive rental rates
News 2 months ago
Broad Ave. apartments receive incentive, expected to have aggressive rental rates

The Economic Development Growth Engine (EDGE) for Memphis & Shelby County approved Wednesday a $17.6 million tax break for the 350-unit apartment...

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New York-based Pergament Properties plans redevelopment of former Orion HQ
News 2 months ago
New York-based Pergament Properties plans redevelopment of former Orion HQ

New York-based Pergament Properties is planning $3 million of improvements to the building that will be quite obvious to cars passing by on Hwy. 64...

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Analyst warns of 'dire' consequences for retailers that keep stores open
News 2 months ago
Analyst warns of 'dire' consequences for retailers that keep stores open

In a note to investors Monday, Susquehanna Financial Group analyst Sam Poser commended Nike and other retailers that have closed stores because of...

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Developer plans 100-acre, mixed-use project in Millington
News 2 months ago
Developer plans 100-acre, mixed-use project in Millington

Shelby County's smallest city is in line for one of its largest new commercial developments. Developer Tom Marsh is planning to build hundreds of...

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Bob Loeb's reconfigured Broad Avenue development seeks larger tax break
News 2 months ago
Bob Loeb's reconfigured Broad Avenue development seeks larger tax break

In June 2018, Bob Loeb of Loeb Properties and James Maclin of M&M Enterprises were approved for a $12.6 million tax break to build 413 apartments...

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Downtown Memphis Commission policy on affordable housing for incentivized multifamily has not been enforced
News 2 months ago
Downtown Memphis Commission policy on affordable housing for incentivized multifamily has not been enforced

This week's cover story is the result of months of work by Jacob Steimer. The deep dive concerns a Downtown Memphis Commission (DMC) policy that...

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Why the Downtown Memphis Commission's affordable housing policy hasn't helped low-income renters unlock top-class apartments
News 2 months ago
Why the Downtown Memphis Commission's affordable housing policy hasn't helped low-income renters unlock top-class apartments

Walking through a vacant warehouse that has since been demolished to make way for Union Row, Trump cabinet member Ben Carson asked developer Kevin...

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TPA Group plans huge, speculative warehouse near Memphis International Airport.
News 2 months ago
TPA Group plans huge, speculative warehouse near Memphis International Airport.

When Atlanta-based Robinson Weeks Partners built its 420,000-square-foot warehouse on Global Drive last year, it became the first industrial...

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BRED 2020 awards: Loews Hotel, Southland West Memphis, Crews Realty Marriott and Home2 Suites Collierville, Arlington Spring Hill Suites, Fairfield Inn
News 2 months ago
BRED 2020 awards: Loews Hotel, Southland West Memphis, Crews Realty Marriott and Home2 Suites Collierville, Arlington Spring Hill Suites, Fairfield Inn

The Memphis hotel market is booming, with a wave of new hotels heading to the area. From suburbs to the west, across the city core, and to suburbs...

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Healthcare Realty Trust's project to convert a former Baptist rehab hospital into medical office space is progressing.
News 2 months ago
Healthcare Realty Trust's project to convert a former Baptist rehab hospital into medical office space is progressing.

A medical office building on Exeter Road in Germantown is undergoing a significant transformation. Starting in February and continuing into March,...

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Union Row developers land tax break for low-income units in Oaks Edge, a planned East Memphis development
News 2 months ago
Union Row developers land tax break for low-income units in Oaks Edge, a planned East Memphis development

The primary investors behind Union Row recently received a tax break for an East Memphis senior living development from The Health, Educational and...

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Abbi Rychlock and Scott Orellana opened a new Wireless Zone store in East Memphis, marking their third location.
News 2 months ago
Abbi Rychlock and Scott Orellana opened a new Wireless Zone store in East Memphis, marking their third location.

Abbi Rychlock and Scott Orellana just opened a new Wireless Zone in the Poplar Commons shopping center in East Memphis. Located at 4562 Poplar Ave....

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Developer plans massive spec warehouse in Olive Branch
News 2 months ago
Developer plans massive spec warehouse in Olive Branch

Hillwood is set to begin work on a 1 million-square-foot warehouse in Olive Branch. The industrial building, which would be large even in the world...

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BRED 2020 awards: Coastal Fish Co., Marketplace at Raleigh, Magnolia & May, Slim & Husky's, Dory
News 2 months ago
BRED 2020 awards: Coastal Fish Co., Marketplace at Raleigh, Magnolia & May, Slim & Husky's, Dory

Memphis is a foodie city, and we love nothing more to shop. This BRED category highlights the latest and greatest deals shaping the future of the...

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The Rise Memphis apartments set to open soon; Development Services Group buy building next door
News 2 months ago
The Rise Memphis apartments set to open soon; Development Services Group buy building next door

The Rise Apartments on the old Wonder Bread bakery site are about to come out of the oven, and the developers just bought an adjacent building. The...

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BRED 2020 awards: Tom Intrator Pinch and South Main, Union Row, Ambassador Hotel, Orgel Front St.
News 2 months ago
BRED 2020 awards: Tom Intrator Pinch and South Main, Union Row, Ambassador Hotel, Orgel Front St.

"Mixed-Use" is the BRED awards' most ill-defined category. How does one categorize mixed-use? Combine at least two of any of the other categories...

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