Mid-America Apartment’s second quarter results top expectations
Analysts expected funds from operations of $2 per share.
Neil Strebig
Neil Strebig is a chef turned journalist covering economic development and commercial real estate for The Daily Memphian. He grew up in Pennsylvania and has worked at media outlets including the York Daily Record/USA Today Network and most recently as Report for America Corps Member with Lookout Santa Cruz. He is a graduate of Point Park University in Pittsburgh.
There are 222 articles by Neil Strebig :
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July 2022
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Real Estate
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August 2022
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Real EstateInked: Coffee franchise plans for its first Memphis location — Uncle Goyo’s plans for its second
This week’s Inked covers a Scooter’s Coffee Shop location, updates on Felicia Suzanne’s in South Main, a possible second location for Uncle Goyo’s Mexican Restaurant and the sale of part of the Germantown Parkway Parcels shopping center.
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Business Local groups awarded almost $40M for workforce development
In part of the Good Jobs Challenge initiative, Mid-South Center and Persevere were awarded more than $36.8 million for workforce development training in the region.
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Real Estate Historic Dermon Building renovation includes apartments, outdoor pool, dog park
Developers Nick and Sam Patel plan to renovate the historic 10-story Dermon Building Downtown into 103 apartment units.
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Real Estate Boujee Bistro food truck lands first brick-and-mortar location
The local food truck will be moving into the former site of Regina’s Cajun Restaurant in a Downtown space near Court Square.
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Real Estate Dermon Bldg., University Lofts PILOTs approved by CCRFC
“This is a key historic building in Downtown,” a Downtown Memphis Commission staffer said. “The building has been vacant … we want to see it brought back to use.”
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BusinessInked: Home sales down 17.5% for July but inventory is way up
North Main Street project may soon be underway, the city is ready to renovate a former Coke bottling plant for its own uses and a California-based franchise will open its third area franchise, in Bartlett.
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Real Estate Board OKs Union Station townhomes in Central Gardens district
The 10-unit subdivision will be on the back of the former Memphis Police Department precinct on Union.
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South Memphis Agricultural area near airport approved for warehouse
The Memphis and Shelby County Land Use Control Board approved a rezoning request for a 52-acre property north of Stateline Road. It’s currently used as a residential site with horse stables, according to a staff report.
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Real Estate CCDC to consider three Downtown project improvement requests
Two residential properties and Downtown Wines and Spirits seek exterior improvement grants with the Center City Development Corp.
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Business Memphis job market sees all-time high in employment in June
The Greater Memphis Chamber’s Center for Economic Competitiveness’ June 2022 job report highlights record-high growth and significant pre-pandemic recovery across most industries.
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Real Estate Evelyn and Olive building approved for exterior grant
In addition to the 620 Madison Ave. property, the board approved a $25,000 grant for Downtown Wine and Spirits at 105 Madison Ave.
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Real EstateInked: Fire Station No. 5 demo makes way for Brooks Museum, Kiwi & Goji apartments for sale
This week’s Inked covers news on the Brooks Museum’s new Downtown location, an 80,000-square-foot office real estate transaction in East Memphis and the Kiwi and Goji apartments up for sale.
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Real EstateFore your game, Birdie’s virtual golf coming to South Main
The concept will have three booths with curved 10-foot by 15-foot 4K projector screens.
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Real EstateInked: Memphis among 10 best industrial real estate markets in country
Also, a longtime restaurant in Whitehaven is planning to improve its patio, as is Slider Inn on South Main Street, and a Wisconsin-based company has made its second — and third — acquisitions in the Memphis market.
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Real Estate Scooter’s Coffee closer to Midtown location, in former CK’s
The Memphis Landmarks Commission board approved plans for a Scooter’s Coffee drive-thru location at 1698 Poplar Ave.
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Real EstateLatest lodging summit suggests leisure travel remains dominant
Inflation is taking its toll, and business travel is still below pre-pandemic levels, but the tourism sector’s recovery seems to be on track.
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Real Estate 35 Central mixed-use project moves forward
A final site plan and demolition permit have been submitted for the former Third Church of Christ, Scientist building near the U of M.
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Real Estate Cordova complex part of over $245M in acquisitions by Fogelman this year
The Memphis-based real estate and investment firm has acquired six properties so far in 2022, including two in Shelby County.
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BusinessJuly jobs report highlights ‘full recovery’ for hospitality industry
Memphis Hotel and Lodging Association president Wayne Tabor noted that while revenue is up this year, due to increased rates and higher demand, employment has continued to be an issue.
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Real EstateInked: Historic Downtown building for sale, plus Storage World, Gordon Food coming
This week’s Inked covers news on Gordon Food Service opening in Midtown; pending sale of 44 S. Front St., and plans for a Storage World at 1699 Airways Blvd.
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Financial Services Boyle names new president and CEO
The president and CEO will oversee management and operations with Boyle, Boyle Insurance Agency and Nashville-based Boyle Nashville LLC.
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September 2022
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Real EstateInked: archimania honored with Future House Award, Poke World heads to Midtown
This week’s Inked covers news on archimania’s latest award, Supreme Staffing and Radians expansions and a new Poke World location in Midtown.
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Real Estate Riviana Foods to undergo $80.6M expansion
In July, EDGE approved an 11-year PILOT incentive for the project at 2314 S. Lauderdale St. Construction is expected to begin in early 2023.
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Real Estate Downtown board proposes One Beale resolution for $95M in bonds
The Center City Revenue Finance Corp. will weigh in on a One Beale financing resolution during its Sept. 13 meeting.
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