Real Estate
Major Memphis industrial portfolio sale signals rebound in investor demand
The deal is a vote of confidence for the Memphis industrial real estate market, observers said.
There are 198 articles by Andy Ashby :
The deal is a vote of confidence for the Memphis industrial real estate market, observers said.
A firm tied to an industrial electrical contracting firm and a prominent drag racing operator has bought a Southeast Memphis warehouse.
Foreclosure deals are rare in the Memphis multifamily market.
The Memphis-Shelby County Schools board is expected to vote Tuesday, April 28, on whether to sell the 2.3-acre former site of Orleans Elementary School at 1400 McMillan to The Works for $61,000.
LBMC is already expanding at Clark Tower, and Southaven will get a little hotter and a lot colder with a Sweathouz location. And rent a business space at Crosstown Concourse.
YH TN Brownsville LLC, a private investment company, bought the 55,356-square-foot building at 2714 Union Ave. Extended from Coastal Partners LLC for $5.5 million.
Germantown-based JX Investments LLC bought French Village Square at 4069-4111 Summer Ave. from MRS French Village LLC for $4.6 million.
The Realtors council also inducted William B. Dunavant III into its Commercial Hall of Fame and honored Michael Lightman Sr. with its Legacy Award.
OUTMemphis, the longest-running LGBTQ+ organization in Tennessee, is building a new regional headquarters in Midtown as part of a $12 million expansion to meet the growing demand for its services.
Cushman & Wakefield released its first quarter industrial report, showing the overall market has some positive trends such as vacancy rate decreasing while net absorption and asking rental rates increased.
The office park includes numerous amenities along with walking trails, an on-site deli and a conference center.
The Center City Development Corp. approved $220,000 worth of incentives for Downtown improvements.
The Economic Development Growth Engine for Memphis and Shelby County approved incentives during its monthly meeting at Junior Achievement of Memphis.
GXO Logistics is streamlining its local footprint, leasing an Olive Branch warehouse after Elon Musk’s xAI purchased two of its previous local facilities.
The Memphis Area Association of Realtors is recognizing William B. Dunavant III and Michael Lightman Sr. amid a night of other winners at its 25th annual Pinnacle Awards.
Growlers, a locally owned and operated concert venue, occupies the building at 1911 Poplar Ave.
Caissa K12 grows at Clark Tower, the city starts building a golf clubhouse and a gutter services company opens its first Mid-South location.
Morgan Steel is seeking a tax break for expansion, and Richardson Oilseed and Mimeo.com are seeking PILOT amendments at an EDGE meeting Wednesday, April 15.
There were 1,206 home sales in March, down 1.7% compared to 1,227 in the same month last year, according to a Memphis Area Association of Realtors report.
Local ownership is preserved for historic Downtown building, Score Health opens a second clinic and AutoZone Park-view offices hit the market.
The new plan is a part of Memphis 3.0, which has received local pushback.
“Investors looking at Memphis from a distance will run the numbers, pull the crime stats, look at the demographics and sometimes walk away from deals that don’t fit a national template,” an executive with real estate firm NAI Saig Co. said about the Southeast Memphis shopping center.
Marcus & Millichap, a commercial real estate brokerage, announced the sale but would not disclose the buyer or the sales price.
Built in 1875, the building is across the street from the under-construction Memphis Art Museum.
The Downtown Memphis Commission’s Center City Development Corp. will consider several grants for Downtown projects at its April 15 meeting.