Oak Court Mall owner files for reorganization bankruptcy
Oak Court Mall houses about 70 retailers including anchors Macy’s, Dillards and H&M.
Topic: Commercial Real Estate
RSSThere are 474 article(s) tagged Commercial Real Estate:
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June 2021
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Renovation coming to another historic building in the Edge
A new owner plans a historically sensitive renovation of a 103-year-old warehouse with a shopfront on Monroe in the Edge District. The plan is one of four applications to be reviewed Wednesday, June 2, by the Design Review Board.
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May 2021
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Covered storage for RVs coming to Summer Ave.
A developer plans to turn 5 acres lining Summer Avenue into 75 covered and secured spaces for storing recreational vehicles.
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Pinnacle Awards recognize top commercial real estate professionals
A who’s who of the top local commercial real estate professionals gathered Downtown for the 20th annual Memphis Area Association of Realtors (MAAR) Pinnacle Awards.
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Saint Nick gate rejected; Walnut Grove subdivision approved
Among the 18 cases it considered, the Land Use Control Board rejected a plan to gate one end of Saint Nick Drive, dropped long-range plans for a street at the request of a new car dealership, and approved a 156-lot subdivision along Walnut Grove.
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Requests withdrawn for closing street, building C-store, allowing drive-thru
The Land Use Control Board will have a few less controversial cases to consider when it convenes Thursday, May 13. Three applicants have withdrawn requests that had faced opposition.
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April 2021
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Downtown’s historic Masonic Temple building is sold
The ornate Memphis Masonic Temple has sold for $2.225 million, according to the Shelby County Register’s Office website.
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March 2021
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CBIZ takes long view, renovates its Clark Tower perch
The company that provides accounting, tax, insurance, auditing, and human resource services to businesses decided to stay and renovate its lofty place in Clark Tower.
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Veteran real estate broker takes leadership role at Avison Young
Pat Gamble is now senior vice president at Avison Young after spending 24 years with CBRE. Gamble also is broadening his focus to include industrial as well as office real estate.
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February 2021
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Salad restaurant tossed into the mix near URBN on Union
Salad Expressions will be wedged between the new URBN on Union buildings. The restaurant will open at 1308 Union, which formerly housed E’s 24 Hour Café.
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January 2021
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Open space will separate ‘vibes’ of C-store, retail center
Singh Development designs its combo convenience stores/retail centers a bit differently than most.
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Demolition starts on Summer Ave. for $9M health-crisis facility
Demolition has started to clear space for Alliance Healthcare Service’s $9 million-plus development in an economically distressed area of Summer Avenue.
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Petland returning shopfront puppy sales to Memphis
An online petition opposing the opening of a Petland shop in Memphis has drawn more than 21,000 digital signatures. But the daughter of Petland’s founder mounts a defense, complete with Shelby County statistics on dogs placed into homes by animal welfare organizations in Shelby County.
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Local group buys two office buildings on Poplar, plans upgrades
The investors who own the building housing RockHouse Live (formerly Poplar Lounge) have just bought the two ragged, midrise office buildings that flank the bar near Midtown. Immediate plans are to make improvements to woo more tenants back, but long-range plans may include demolition and a new hotel.
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Underberg remembered for his Class A character in commercial real estate
He first founded The Furniture Center, then acquired a substantial amount of commercial real estate through his American Properties Co. No matter the deal, Ronnie Underberg wanted both sides to feel good about the transaction.
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December 2020
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City, state plan to sever Poplar from Scott Street
Affected property owners oppose the design for replacing the Poplar Viaduct that would remove direct access between Scott Street and Poplar Avenue. City and state engineers say keeping the connection would be less safe.
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Last call at Earnestine & Hazel’s: Offers due by Jan. 15
States the marketing brochure: “Owner reserves the right to accept all cash full price offers on a first come first serve basis.”
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Parking-lot prayers: Brothers’ love transcends a COVID death
They were about as close as brothers can be, having been forced to share a bed or bedroom through childhood. COVID-19 took the life of Donnell Cobbins on Friday, Dec. 11. And Darrell Cobbins now knows the meaning of a stranger’s message to both of them when they were teenagers.
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Dental lab may open near airport
Executives with a dental products company say they would open a dental lab near the airport if their company receives a tax incentive.
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Ghost kitchens coming to Summer Avenue
California-based CloudKitchens has purchased a vacant, former auto parts building in a distressed part of Summer Avenue. The 11,000 square feet could house dozens of small, commercial kitchens for the pandemic-fueled industry of meal delivery.
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Church buys building housing Wellford’s Antiques, Joe’s Fried Chicken
Among the 14 newest applications submitted to the planning board are ones to accommodate a short move by Third Church of Christ, Scientist, to allow construction of a Shelby County fire station, and to double the size of a Downtown condo development.
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Sonder Luxury Suites drawn to The Citizen’s location, customer base
The co-owners of Sonder Luxury Suites not only liked The Citizen’s location and vibe, they loved the built-in customer base living in its 173 apartments.
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The state of commercial real estate in Memphis during COVID
This free, virtual seminar at 3 p.m. today will feature in-depth discussion of the office market, industrial and distribution, retail, and apartments.
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Commercial real estate during, after COVID: Memphis experts to speak
Six experts in Memphis commercial real estate will offer their take on what’s happening during the pandemic and their forecast on what the post-COVID era will be like.
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November 2020
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Skinner rezoning heads to Germantown Planning Commission
David Skinner will seek rezoning for three acres along Poplar Avenue. The land has been in his family about 100 years. It is currently zoned agricultural and residential estate.
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