Business
Memphis tax abatement could pull industrial user from DeSoto County
ITT Goulds Pumps would leave Southaven after 20 years for a Memphis building under an incentive approved Wednesday, Oct. 21.
Andy Ashby
There are 219 articles by Andy Ashby :
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October 2026
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Real EstateOak Court Mall demolition enters next phase
Crews have been working to demolish the former Macy’s portion of the Poplar Avenue property this year, and are moving on to the main mall building.
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Real EstateInked: Central Lofts, home sales numbers and a Collierville car wash
Central Lofts has a new owner, local home sales fell by double digits in September, and a Florida investor bought the former Glide Xpress Car Wash in Collierville.
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Real EstateCan state tax credits bridge the multimillion dollar gap for Memphis’ historic landmarks?
State historic tax credits could be especially beneficial in Memphis, particularly Downtown, where buildings listed on the National Register of Historic Places are eligible for the credits.
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BusinessSpaceXAI leases large Southaven warehouse
The transaction is the latest in a series of leases that have given DeSoto County, and the overall Memphis industrial market, multiple quarters of positive absorption.
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BusinessALO Yoga confirms Southaven fulfillment and distribution center
ALO, a fashion and lifestyle brand, will invest nearly $176 million and create 400 jobs at a national fulfillment and distribution center in Southaven.
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Real EstateInked: CrossFit Memphis stretching into bigger space
Also, Alterra IOS buys a Southeast Memphis property, and a locally owned business levels up with a larger location.
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Real EstateFalls Building gets 20-year tax freeze
New York-based Left Lane Development, operating as Falls Building Property Owner, bought the 156,000-square-foot building in May 2022 for $10 million with plans to convert it from office to residential.
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Real EstateBelle Mont’s second phase gets 10-year PILOT
The $2.7 million second phase will have 14 units arranged around a central courtyard, a mix of triplexes and duplexes. Construction could start by the end of the year and be done late next year.
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City of MemphisLocal CEOs build houses for Memphis Habitat
Like all Memphis Habitat homes, the homes built during the CEO Build event will be sold to local homebuyers through the nonprofit’s affordable mortgage program.
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Real EstateFrom vacant to haunted: How Spirit Halloween pops up in Memphis-area storefronts each fall
Behind the seasonal magic is months of planning, scouting and scheming, all leading to the moment an empty storefront reopens as a fully stocked Halloween shop that announces All Hallows' Eve has arrived.
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Real EstateInked: First Horizon Bank coming to Poplar and Mendenhall development
Also, Keystone Capital makes first commercial real estate purchase, and a mixed-use building is opening in the South Main District.
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Real Estate It’s official: Living Spaces buys former IKEA store near Wolfchase
Living Spaces looked at a Cordova site in 2021 but didn’t build there. Now it has bought the former IKEA store in the Wolfchase area.
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Real EstateNew IKEA building owner seems to be California furniture retailer
Living Spaces explored Memphis in 2021, filing a site plan with the Memphis and Shelby County Division of Planning and Development for a large furniture store.
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Real EstateBelle Mont’s developer seeks PILOT for second phase
The second phase of development for Belle Mont in Crosstown, which will include affordable duplex housing, has applied for a PILOT grant.
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Real EstateStalled Falls Building apartment conversion seeks new tax break as costs climb
It’s one of two payment-in-lieu-of-taxes applications the Downtown Memphis Commission’s Center City Revenue Finance Corp. will hear at their Oct. 13 meeting.
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Shelby County‘It’s going in the wrong direction’: Assessor sounds alarm on county tax base
Assessor Javier Bailey Sr. says empty Downtown office towers and lost tourism spending are shrinking the county’s tax base. He is planning a November summit to build a five-year strategy.
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Real EstateHistoric Porter-Leath property to house veterans
The 27,249-square-foot adaptive reuse, called “The Leath,” will have 34 residential units.
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Real EstateInked: Alo Yoga stretches to Southaven; Music, film nonprofit taking Front stage
North Mississippi continues to see renewed large-scale industrial activity — this time with a California-based yoga brand. Plus, MVP3 is getting a Downtown space on Front Street.
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September 2026
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Real EstateBelmont Grill building owner buys property next door
Jeff Dawson, operating as Nacks Properties LLC, bought the Poplar Avenue building currently home to Miestro, a home theater systems store, for $750,000.
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Real EstateIKEA building sold
The giant, blue building was bought by a retailer.
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Business Two years after opening, Starbucks on Covington to close
Starbucks is planning to close about 1% of its 18,000 North America locations.
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Real Estate‘Colossus is the biggest thing that happened to Memphis since FedEx — and it may only get bigger’
“Because of the energy infrastructure that (Elon Musk is) getting, not just from Tennessee but also from Mississippi, you could see the greatest boom since FedEx in this town. You need to double down here.”
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Real EstateAfter nearly 200 years, First Pres seeks to sell historic Downtown property
The second oldest church in Memphis, First Presbyterian Church has been at the corner of Poplar Avenue and B.B. King Boulevard since 1832. After 194 years, its flock is searching for a new home.
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Real EstateDevelopers buy historic Downtown Memphis building
At the corner of Second and Madison, four stories of an 116-year-old building have remained vacant. A local investment team plans to open it up to residents and business once more.
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