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Atlanta-based MDH Partners buys on Lamar, plans significant renovation.
News 2 months ago
Atlanta-based MDH Partners buys on Lamar, plans significant renovation.

Atlanta-based MDH Partners is planning to flip two old, vacant warehouses on Lamar Avenue. Earlier this month, the company bought 3527 and 3543...

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Shelby County's largest property sales 2019 include West Clinic, Stag Industrial, and Group RMC.
News 2 months ago
Shelby County's largest property sales 2019 include West Clinic, Stag Industrial, and Group RMC.

There are a few issues in trying to discover the largest Mid-South property sales from any given year. One is that Mississippi - home to many of...

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Guest column by Oden's Bret Terwilleger: All Investments in Memphis make an impact
News 2 months ago
Guest column by Oden's Bret Terwilleger: All Investments in Memphis make an impact

As a business owner and principal in a Memphis-based marketing agency, I've always known the importance of investing in our community and fellow...

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Distribution Realty Group ready to build new speculative project in Southaven.
News 2 months ago
Distribution Realty Group ready to build new speculative project in Southaven.

An industrial real estate firm with offices in Chicago and Nashville is readying another development in Southaven - and this one is much larger...

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Market Share: Permits pulled for Vince Smith's Lakeland development; Sharp, Robbins & Popwell merges with BluSky
News 2 months ago
Market Share: Permits pulled for Vince Smith's Lakeland development; Sharp, Robbins & Popwell merges with BluSky

Local developer Vince Smith's 41-acre Lakeland Commons development is moving along. Montgomery Martin Contractors applied for $16 million worth of...

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Done Deal: Union Row developers buy from 480 Beale St. property from Coastal Partners.
News 2 months ago
Done Deal: Union Row developers buy from 480 Beale St. property from Coastal Partners.

The developers behind Union Row bought their first property east of Danny Thomas Boulevard. In a $1.5 million transaction on Jan. 6, Union Row LB...

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Toshiba America Business Solutions to move from Memphis to Horn Lake warehouse
News 2 months ago
Toshiba America Business Solutions to move from Memphis to Horn Lake warehouse

Toshiba America Business Solutions (TABS) is set to move a distribution facility from southeast Memphis to a new building in Horn Lake. The Toshiba...

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Facebook scouts Greater Nashville for data center project
News 2 months ago
Facebook scouts Greater Nashville for data center project

Facebook Inc. (Nasdaq: FB) is aiming to build a massive data center in Greater Nashville, according to multiple sources with knowledge of the...

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Boyle Investment in advanced negotiations to buy four Highwoods buildings in East Memphis: International Place II, Triad I, II, III
News 2 months ago
Boyle Investment in advanced negotiations to buy four Highwoods buildings in East Memphis: International Place II, Triad I, II, III

Boyle Investment Co. is in advanced negotiations to purchase four East Memphis office buildings from Highwoods Properties. According to multiple...

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Who Owns Memphis: Briar Club, Cinnamon Trails apartments sold by Tom Intrator, and Winchester Road shopping center sold.
News 2 months ago
Who Owns Memphis: Briar Club, Cinnamon Trails apartments sold by Tom Intrator, and Winchester Road shopping center sold.

"Who Owns Memphis" is MBJ's weekly excuse to dig deep into public documents to identify who, well, owns the city's prominent parcels. The big block...

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Blue Suede Properties plans 400 S. Main short-term rental renovation, asks for Downtown Memphis Commission PILOT
News 2 months ago
Blue Suede Properties plans 400 S. Main short-term rental renovation, asks for Downtown Memphis Commission PILOT

Developers are planning to flip another vacant Main Street building into residences above retail. Young developer Kenny Lipschutz and his Blue...

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Medtronic sells its local office campus to Chicago-based Oak Street Real Estate Capital
News 2 months ago
Medtronic sells its local office campus to Chicago-based Oak Street Real Estate Capital

Medtronic has sold its four-building, 467,000-square-foot local office campus to Chicago-based Oak Street Real Estate Capital for $34 million. The...

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New renderings unveiled for Loews, Inland Pacific Cos. hotel, as it seeks design approval from the Downtown Memphis Commission
News 3 months ago
New renderings unveiled for Loews, Inland Pacific Cos. hotel, as it seeks design approval from the Downtown Memphis Commission

As Loews Hotels' $240 million Downtown Memphis project continues its way through the approval process, its design is becoming more clear. New...

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Chicago-based LeSaint Logistics pulls $3M building permit for southeast Memphis renovation.
News 3 months ago
Chicago-based LeSaint Logistics pulls $3M building permit for southeast Memphis renovation.

A $3 million building permit was just filed for the build-out of a Memphis manufacturing facility that could create more than 250 jobs. The Jan.6...

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Alma Cienega applies for commercial subdivision at 5015 Summer Ave., former Wendy's restaurant.
News 3 months ago
Alma Cienega applies for commercial subdivision at 5015 Summer Ave., former Wendy's restaurant.

A small commercial development is being planned on Summer Avenue that would modify two existing buildings and lay the groundwork for an empty lot...

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Sears sells huge North Highland warehouse to Milwaukee-based Phoenix Investors
News 3 months ago
Sears sells huge North Highland warehouse to Milwaukee-based Phoenix Investors

A Sears subsidiary just sold a vacant, 1.4 million-square-foot facility on North Highland Street to Milwaukee-based Phoenix Investors. Sears built...

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Brookhaven building to house the Gary Myers Co., Behind the Scenes
News 3 months ago
Brookhaven building to house the Gary Myers Co., Behind the Scenes

A local commercial real estate firm is moving its offices to a building it just bought on Brookhaven Circle. The Gary Myers Co. recently bought 771...

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Active Downtown developer Intrator sells on Knight Arnold, buys on Front
News 3 months ago
Active Downtown developer Intrator sells on Knight Arnold, buys on Front

Companies Tom Intrator is invested in have continued to sell off local apartment buildings and purchase Downtown property. Intrator and his...

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Christ Community Health Services buys South Third St. shopping center from Belz for $1.7M.
News 3 months ago
Christ Community Health Services buys South Third St. shopping center from Belz for $1.7M.

In 1995, Christ Community Health Services began seeing patients - many of whom had no prior access to health care - from its founding location on...

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Cover story: Beverly Robertson leads Greater Memphis Chamber, looks back on first year, ahead to the future..
News 3 months ago
Cover story: Beverly Robertson leads Greater Memphis Chamber, looks back on first year, ahead to the future..

When Richard Smith took over as chairman of the Greater Memphis Chamber two years ago, his goal was disruption. The local economy wasn't growing...

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Los Angeles-based CIM Group purchases International Paper-occupied International Place IV tower for $76 million
News 3 months ago
Los Angeles-based CIM Group purchases International Paper-occupied International Place IV tower for $76 million

Los Angeles-based CIM Group has acquired its first office tower in Memphis. The private owner/operator of $31 billion worth of commercial real...

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Nashville-based Healthcare Realty Trust bought former Baptist Rehab Hospital Germantown on Exeter Road.
News 3 months ago
Nashville-based Healthcare Realty Trust bought former Baptist Rehab Hospital Germantown on Exeter Road.

A former rehabilitation hospital property sold to Nashville-based Healthcare Realty Trust Inc. (HRT) and now will get some rehab of its own....

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With Varsity Spirit locked in, larger Snuff District plans progress
News 3 months ago
With Varsity Spirit locked in, larger Snuff District plans progress

On the heels of receiving a $9.3 million tax abatement for their $46 million first phase, the developers of the Snuff District are pushing forward...

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Bankruptcies hit the retail sector hard in 2019, but bright spots seen
News 3 months ago
Bankruptcies hit the retail sector hard in 2019, but bright spots seen

While the overall economy saw gains in 2019, it was survival of the fittest in the retail sector as national chains unable to compete with online...

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Mike Gorney and investors from Memphis and Nashville purchase Highwoods' Atrium buildings
News 3 months ago
Mike Gorney and investors from Memphis and Nashville purchase Highwoods' Atrium buildings

The Crescent Center at 6075 Poplar Ave. and the adjacent Capital Grille and Seasons 52 are included in Highwood's Memphis portfolio. That group of...

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IMC Cos.' relocation to Collierville's Schilling Farms moves forward
News 3 months ago
IMC Cos.' relocation to Collierville's Schilling Farms moves forward

With a 10-year tax break in hand, the largest intermodal firm in the area is moving forward with its plans to move from Memphis to Collierville. As...

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Faropoint sells large MIAC portfolio to Exeter Property Group
News 3 months ago
Faropoint sells large MIAC portfolio to Exeter Property Group

Israel-based Faropoint Ventures just turned a nice profit on nine buildings next to the airport. The Israeli firm sold the 1.1 million-square-foot...

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2019 in Memphis real estate: Gibson, Prospero, Amazon, Intrator, and more
News 3 months ago
2019 in Memphis real estate: Gibson, Prospero, Amazon, Intrator, and more

The Memphis Business Journal wrote about 500 commercial real estate stories in 2019. Sometimes, it's worth taking a step back and highlighting...

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Developers of Snuff District apply for variation from code requirements to build apartments
News 3 months ago
Developers of Snuff District apply for variation from code requirements to build apartments

Over the past year, the redevelopment of the Snuff District has progressed quickly. In July 2018, the old Tobacco factory was placed on the...

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New shell and core permit filed for One Beale development Downtown
News 3 months ago
New shell and core permit filed for One Beale development Downtown

As this year nears its end, the massive Downtown development One Beale looks to a new one. On Dec. 23, The Landing Residences - the phase one...

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