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Memphis


Downtown Structured Parking Goes Green

Downtown Structured Parking Goes Green

The Bluff City just got a little greener. Green Ballast Inc., a Memphis-based energy solutions company, has announced it will be upgrading the lighting system at one of Belz Enterprises’ structured parking facilities.…

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Performa Free to Transfer Beale Street Lease to City

Performa Free to Transfer Beale Street Lease to City

Performa Entertainment Real Estate Inc. has cleared the final roadblock in the way of finalizing a lease transfer agreement with the City Of Memphis for the Beale Street Entertainment District.…

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$301M Expansion at Nike’s Memphis Operations

$301M Expansion at Nike’s Memphis Operations

Sports apparel giant Nike Inc. has announced it will be expanding its Memphis operations, investing $301 million…

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LEED Silver Certification for Airways Transit Center

LEED Silver Certification for Airways Transit Center

The U.S. Green Building Council recently awarded the Leadership in Energy and Environmental Design (LEED) Silver Certification to the Memphis Area Transit Authority’s (MATA) Airways Transit Center.…

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Affordable Housing and Midtown High-Rise Sold

Affordable Housing and Midtown High-Rise Sold

A private investor has purchased a 13.1-acre, low-income housing complex near Memphis International Airport…

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Historic Multifamily Property Becomes Dorm

Historic Multifamily Property Becomes Dorm

The National Cotton Council of America’s building at 1918 North Pkwy. has received a new lease on life.…

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Sears Crosstown Building to Be Reborn, Uplift Neighborhood

Sears Crosstown Building to Be Reborn, Uplift Neighborhood

Crosstown LLC, developer and current owner of the historic Sears Crosstown Building in Center City, has announced via a press release the signing of individual memorandums of understanding with nine founding partners…

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Peabody Memphis to Go Under the Knife; Luxury B&B Planned

Peabody Memphis to Go Under the Knife; Luxury B&B Planned

The Peabody Memphis, also referred to as South’s Grand Hotel, is expecting a major facelift. The 464-room hotel will begin a six-month renovation on Nov. 1, one that has been planned for the last few years and in design for one year.…

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$37M and $24M Industrial Transactions in Memphis

$37M and $24M Industrial Transactions in Memphis

The Memphis industrial market has been running hot with transactions over the past few weeks, with some major industrial market players coming to town and consolidating their presence in the Bluff City.…

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Amsdell Acquires Five Self-Storage Centers; StyleCraft Signs 170K-Sq.-Ft. Lease

Amsdell Acquires Five Self-Storage Centers; StyleCraft Signs 170K-Sq.-Ft. Lease

By Eliza Theiss, Associate Editor Cleveland-based Amsdell Storage Ventures VII LLC has purchased five self-storage centers in the Memphis metropolitan area for an undisclosed price. Two of the storage centers are located in Olive Branch, Miss. at 7097 Commerce Dr. and 7911 Hacks Cross Rd., while the other purchases are…

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International Paper Operations Sold; Warehouse Purchased For $7.5 M

International Paper Operations Sold; Warehouse Purchased For $7.5 M

By Eliza Theiss, Associate Editor International Paper, a global paper and packaging company, has announced via a press release that it has completed the sale of three of its operations as part of a February 2012 settlement agreement with the U.S. Department of Justice, this following the February 2012 acquisition…

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The Madison at Schilling Farms Goes for $32.1M; Bailey Creek for $23.8M

The Madison at Schilling Farms Goes for $32.1M; Bailey Creek for $23.8M

By Eliza Theiss, Associate Editor New York-based Somerset Partners LLC recently purchased the 232-unit Class A Bailey Creek Apartments for $23.8 million, or $102,586 per unit, reports the Memphis Business Journal. Located at 1907 North Bailey Woods Dr. in Collierville, Bailey Creek features one-, two and three-bedroom apartments with one…

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