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IMO US South sells Mt. Moriah Car Wash USA Express location near Flinn Broadcasting, Knox and Jerry Phillips property.
News 3 months ago
IMO US South sells Mt. Moriah Car Wash USA Express location near Flinn Broadcasting, Knox and Jerry Phillips property.

About a year ago, in December 2018, Net Lease Suds LLC bought a local car wash facility from IMO US South LLC. IMO is affiliated with Colorado...

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Wolfchase owner Simon acquires another major mall chain
News 3 months ago
Wolfchase owner Simon acquires another major mall chain

Simon Property Group Inc. (NYSE: SPG) will indeed acquire Taubman Centers Inc. in a deal foreshadowed by reports in early February. As the biggest...

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A view from out West: Retail developers look to arcades, bowling, food and more to bring in people
News 3 months ago
A view from out West: Retail developers look to arcades, bowling, food and more to bring in people

Customers watch sports and drink beer at the Dave & Busters location at Tempe Marketplace. Bowling alleys, arcades and movie theaters have been...

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Baptist Memorial Health Care Corp. spends $4 million to reacquire an office building and parking garage from the Memphis Bioworks Foundation.
News 3 months ago
Baptist Memorial Health Care Corp. spends $4 million to reacquire an office building and parking garage from the Memphis Bioworks Foundation.

Baptist Memorial Health Care Corp. has reacquired a Medical District office building and an adjacent parking garage for $4 million from the Memphis...

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Construction: Permit pulled for Burlington store near Wolfchase
News 3 months ago
Construction: Permit pulled for Burlington store near Wolfchase

A building permit was just pulled for 8044 Giacosa Place, near Wolfchase Galleria. The address is the former site of Value City Furniture. The...

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Multiline Furniture to open new store on Summer Avenue.
News 3 months ago
Multiline Furniture to open new store on Summer Avenue.

Memphis-based Multiline Furniture, an Ashley furniture retailer, is set to open its third Memphis-area store. Multiline offers discount furniture...

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Gestalt Community Schools' Yetta Lewis on the power of partnerships
News 3 months ago
Gestalt Community Schools' Yetta Lewis on the power of partnerships

A gestalt is a whole greater than the sum of its parts. For a community to become a true gestalt, it should aim to integrate all of its parts. For...

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Vince Smith's Poplar Art Lofts tabled by Design Review Board, Snuff District and One Beale approved.
News 3 months ago
Vince Smith's Poplar Art Lofts tabled by Design Review Board, Snuff District and One Beale approved.

The primary conflict at Wednesday's Design Review Board meeting was about the differences in the two photos below - both of which depict the Poplar...

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Macy's closing 96 additional stores, cutting 2,000 jobs
News 3 months ago
Macy's closing 96 additional stores, cutting 2,000 jobs

Retail giant Macy's Inc. is closing 125 stores and culling 10% of its corporate workforce, representing 2,000 jobs. Following closely on the heels...

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Announcing the contractors, architects, engineers, developers, and designers who will be recognized at the 2020 Building Memphis awards.
News 3 months ago
Announcing the contractors, architects, engineers, developers, and designers who will be recognized at the 2020 Building Memphis awards.

It takes a village to raise a building. OK, so that might not technically be how the adage goes. But, without a team of developers, architects,...

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Paris Adult Entertainment Center theater bought by Townsend Development.
News 3 months ago
Paris Adult Entertainment Center theater bought by Townsend Development.

The Paris Adult Entertainment Center was recently sold, according to the property's listing agent, Herbert Cochrane of Rasberry CRE. Details are...

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Highwoods sells Greensboro portfolio for $193.4 million in step toward buying Bank of America Tower at Legacy Union in Charlotte.
News 3 months ago
Highwoods sells Greensboro portfolio for $193.4 million in step toward buying Bank of America Tower at Legacy Union in Charlotte.

A $193 million portfolio in North Carolina has been sold, and another $40 million sale is in the works. Highwoods Properties (NYSE: HIW) of Raleigh...

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Milwaukee Tool adds another distribution center in Olive Branch IDI Logistics' Crossroads Distribution Center
News 3 months ago
Milwaukee Tool adds another distribution center in Olive Branch IDI Logistics' Crossroads Distribution Center

Milwaukee Tool will soon occupy more than 2.2 million square feet of industrial space in Olive Branch. The 12,000-employee tool company leased the...

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Who Owns Memphis: Methodist buys 1801 Union Ave. property from Belz Harbour.
News 4 months ago
Who Owns Memphis: Methodist buys 1801 Union Ave. property from Belz Harbour.

But, it looked like the health system was going to pull up stakes when Belz Enterprises and Harbour Retail Partners planned a mixed-use development...

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MBJ 2020 Best Real Estate Deals (BRED) awards has CRE finalists for hotel, industrial, mixed-use, office, residential, restaurants/retail commercial real estate.
News 4 months ago
MBJ 2020 Best Real Estate Deals (BRED) awards has CRE finalists for hotel, industrial, mixed-use, office, residential, restaurants/retail commercial real estate.

Sometimes a real estate deal comes together rapidly; other times it takes months or years to orchestrate. Whether it be a lease for a move-in ready...

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Snuff District project applies for Design Review Board approval for Conwood buildings in Uptown at Wolf River Harbor.
News 4 months ago
Snuff District project applies for Design Review Board approval for Conwood buildings in Uptown at Wolf River Harbor.

The $46 million million, 55-acre, Uptown/Snuff District development led by Billy Orgel is gathering steam, at least on paper. If all goes according...

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Germantown finalizes single-use apartment ban
News 4 months ago
Germantown finalizes single-use apartment ban

On Monday evening, the Germantown Board of Mayor and Aldermen (BMA) made it harder to develop apartments in the municipality. The BMA approved - on...

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Bradley Watkins takes job at Caritas Community Center & Cafe in Binghampton as director of programming.
News 4 months ago
Bradley Watkins takes job at Caritas Community Center & Cafe in Binghampton as director of programming.

Bradley Watkins, longtime executive director of the Mid-South Peace & Justice Center, has been named the new director of programming at Caritas...

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IDI plans two more spec buildings in DeSoto
News 4 months ago
IDI plans two more spec buildings in DeSoto

In early 2019, IDI Logistics announced it was developing two new spec warehouses in DeSoto County. Both were leased by year-end, so IDI is again...

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Nashville Mayor John Cooper, Gov. Bill Lee meet with Oracle Corp. officials about office hub.
News 4 months ago
Nashville Mayor John Cooper, Gov. Bill Lee meet with Oracle Corp. officials about office hub.

Nashville Mayor John Cooper was in California last week with Gov. Bill Lee to meet with officials from Oracle Corp., continuing negotiations for...

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Guest column: Food trucks, brick-and-mortar restaurants are key ingredients to economic growth
News 4 months ago
Guest column: Food trucks, brick-and-mortar restaurants are key ingredients to economic growth

What came first, the chicken or the egg? Those interested in getting into the restaurant industry could ask the same question of successful...

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Crosstown Concourse named Fitwel Certified community by the Center for Active Design, for its health benefits to neighborhood.
News 4 months ago
Crosstown Concourse named Fitwel Certified community by the Center for Active Design, for its health benefits to neighborhood.

In October, Crosstown Concourse applied for a first-of-its-kind designation from the Center for Active Design. The result was positive. "When you...

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Atlanta golf retailer expands, eyes vacant Toys ‘R’ Us, Bed Bath and Beyond stores
News 4 months ago
Atlanta golf retailer expands, eyes vacant Toys ‘R’ Us, Bed Bath and Beyond stores

Shiny new toys are replacing the old inventory at former Toys 'R' Us locations across the nation. That's a part of the plan for PGA TOUR Superstore...

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Carla and Gil Worth's Ixora makers' market, podcast studio, gift store to open near Crosstown Concourse.
News 4 months ago
Carla and Gil Worth's Ixora makers' market, podcast studio, gift store to open near Crosstown Concourse.

Carla and Gil Worth are carving out a unique space at 416 N. Cleveland St. Ixora, set to open Feb. 1, will be a sort of catch-all space with...

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RP-SEC-SUSAN: From Nike chef to Memphis' newest donut shop owner, meet Rueal Braden
News 4 months ago
RP-SEC-SUSAN: From Nike chef to Memphis' newest donut shop owner, meet Rueal Braden

Blues City Donuts is now in soft-opening mode. Its grand opening is Saturday, Jan. 25. The shop is located at 5735 Raleigh Lagrange Rd. Rueal...

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Who Owns Memphis: Southern Concrete Products buys property near Amazon, Nike in Raleigh
News 4 months ago
Who Owns Memphis: Southern Concrete Products buys property near Amazon, Nike in Raleigh

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

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St. Jude Children’s Research Hospital is planning a new office building and outpatient facility with big potential for MWBEs.
News 4 months ago
St. Jude Children’s Research Hospital is planning a new office building and outpatient facility with big potential for MWBEs.

In a recent conversation, St. Jude's John Curran spoke in an awed tone about the upcoming projects on the research hospital's campus. "It's...

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Express to close 100 stores amid $80M in cost-cutting
News 4 months ago
Express to close 100 stores amid $80M in cost-cutting

Express Inc. is closing 100 stores as it looks to further tighten its belt. The Columbus-based retailer (NYSE: EXPR) said in a filing with the...

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Collierville's Farms at Bailey Station is financed, under construction by Retirement Companies of America and Greystone Communities.
News 4 months ago
Collierville's Farms at Bailey Station is financed, under construction by Retirement Companies of America and Greystone Communities.

The words "The Farms at Bailey Station" first appeared on the Memphis Business Journal's website in 2007. In 2014, we wrote that construction would...

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Local investor John Halford plans redevelopment in Edge District
News 4 months ago
Local investor John Halford plans redevelopment in Edge District

Local architect John Halford recently purchased four Downtown Memphis properties and is planning to redevelop them. The mixed-use development,...

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