COVID-19 puts its stamp on commercial leases
Across the Memphis area, new and amended commercial real estate leases are reflecting the pandemic and what such a "force majeure" can do to a business's ability to pay rent.
Topic: Commercial Real Estate
RSSThere are 474 article(s) tagged Commercial Real Estate:
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May 2020
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Raymond James files more allegations against landlord
Raymond James wants to go another legal round against its Downtown Memphis landlord. The company also reveals that six years ago it negotiated to be anchor tenant for what is likely the planned One Beale office tower.
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Graceland-linked production plant wins planning board’s OK
Despite a “rejection” recommendation from the Office of Planning & Development, the Land Use Control Board voted 6-4 to approve construction of a production facility, using 3-D printing, in the middle of single-family homes in Whitehaven.
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Commercial real estate offers first clues of life in a pandemic
Two Memphis CRE executives talk on "Behind The Headlines" discuss the challenges, opportunities and changes behind the pandemic.
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‘Go-getters’ bringing tractor dealership to Memphis market
Just 33 years old, twins Ron and Don Parks of Union City will soon start building their fifth dealership of farm and lawn equipment, and their first in the Memphis market.
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Houses razed for Overton Square apartments
LPI Memphis, the owner of Overton Square, plans to build a three-story, 18-unit apartment building in the entertainment and dining district.
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UPDATE: YMCA will make Goodlett Farms building its HQ and Resource Center
The YMCA of Memphis & the Midsouth confirmed Saturday that it bought and will use as its resource center a 55,888-square-foot office building in Cordova's Goodlett Farms office park.
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April 2020
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Barefoot Bride moves to Downtown’s historic Emerge Building
The by-appointment-only bridal boutique shop started in Cooper-Young, moved to East Memphis, and now moves to the South Main District.
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Farm/lawn equipment dealer building in Eads
A new building document shows plans for a new Kubota tractor dealership in Eads on U.S. 64, near the Fayette County line. -
Industrial buildings change hands
A Shreveport, Louisiana,-based commercial real estate and operating company has purchased 20 single-tenant distribution warehouse buildings near Memphis International Airport. -
Space odyssey: Exploring the future of Memphis offices after COVID-19
Will demand for space in office buildings go up or down as a result of COVID-19? How does a company balance teamwork and social distancing in designing its floor plan? We picked the brains of several leaders in the world of Memphis office buildings.
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Landlords choose ways to help business tenants during crisis
Many commercial landlords in Memphis are using a range of options to help business tenants that have little or no income to pay rent during the COVID-19 pandemic.
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Highland Row sells for $65 million
A California-based private real estate investment and development company has bought the mixed-use development two blocks west of the University of Memphis.
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Boyle buys four Highwoods office buildings
Boyle Investment Co. has purchased four of the city’s premier office buildings in East Memphis as seller Highwoods Properties continues to divest itself from Memphis.
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March 2020
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Midtown shopping center sells
Gregory Realty has just purchased the Cooper-Young shopping center occupied by local and national tenants.
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Developers unfazed by COVID economy, forge ahead with construction
Taking the long view, Gill Properties is forging ahead with construction of a $3.9 million commercial center in East Memphis despite the recent economic disruption caused by COVID-19.
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New Starbucks may rise by iBank, Clark towers
A new, 2,100-square-foot Starbucks coffee shop would rise along Poplar in front of the iBank Tower in East Memphis, according to a new building permit application.
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Pittsburgh firm strikes again, buys Luther Towers
Pittsburgh-based Alpha Capital Partners has just purchased the 196-unit Luther Towers apartments in East Memphis for $8.45 million.
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Annesdale Mansion for sale, with ‘ample’ acreage for more housing
For sale: A grand, carefully restored, 165-year-old mansion on 7 acres.
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Court may give Raymond James Tower new lease on life
The reputation of a Downtown office tower and its landlord received a boost from a federal court recommendation.
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February 2020
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Carlisle buys 100-year-old building near One Beale
A company affiliated with Carlisle LLC, developers of One Beale, has just purchased a century-old, vacant warehouse at 339 S. Front.
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ArchInc uncovers soaring, historic space for its new office
The architecture firm is putting its specialty – designing renovations and adaptive-reuse projects for historic buildings – to good use, uncovering 1,900 square feet inside Downtown's 96-year-old Claridge House for its own offices.
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Board backs office building over a neighborhood’s objections
The Land Use Control Board also approved plans for a gated, 19-lot subdivision in East Memphis, modifications to a commercial development in Raleigh and a request to close a public street at Memphis Country Club.
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Harding sells Cordova campus to charter school
Memphis School of Excellence buys Harding Academy of Memphis' 20-acre campus in Cordova for $6 million.
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Downtown’s ornate Masonic Temple for sale
For sale for $2.5 million: A one-owner building with six floors, huge rooms and rich architectural detailing.
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