A developer seeks to change a planned development to build a 22,490-square-foot commercial center at the northeast corner of Hacks Cross and Sedgwick Way in Southwind.

A property owner has applied for a planned development called Brookhaven Townhomes at 786 E. Brookhaven Circle in East Memphis. The three-story units, each 2,300 square feet, will be sold instead of leased, and each will have a two-car garage and rooftop deck.

When you add all the industrial space leased during 2020 and subtract the new vacancies, the Memphis area experienced a net positive absorption of more than 12 million square feet. The vacancy rate fell to 5%, and 12 million square feet of more space is under construction.

Crown World this week followed through with its plans for Memphis after receiving a tax incentive in December. The firm has bought the long-empty office building at 2990 Airways and will establish operations there.

Seven homes will soon occupy homes on Cordes and Dogwood. Piper’s Grove has already received city approval on land in Germantown that once held the “Spanish mansion.”

RISE Foundation offers pro-bono, personalized guidance, savings-building programs and financial literacy classes.

Memphis-based Lipscomb & Pitts Insurance is now a Higginbotham company, but will continue to operate as “Lipscomb & Pitts.” The two co-chief executives, Mat Lipscomb III and Johnny Pitts, have been named managing partners by the Fort Worth-based Higginbotham.

Ollie’s has two Memphis locations, one in the Wolfchase area and the other in Southwind’s Centennial Commons shopping center. Both are in former Toys R Us buildings, 

The firm buys a portfolio of seven retail strip centers, including four in the Memphis area. 

The store’s location in Collierville is expected to close by the end of 2021.

The EDGE board approves more grant money for restaurants and grocers that are affected by the pandemic and the latest restrictions.

The Shelby County Health Department says more than 24,000 COVID-19 shots have been given in Shelby County so far.

Even with the tax-break incentive, Central Yards would still generate $7.7 million more in local tax revenues over 20 years than the same property would generate without the mixed-use development, according to the Downtown Memphis Commission.

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.

OtherFoods Kitchen now serves 25 small businesses that make everything from take-home meals to bagels to gluten-free dog treats. The shared commercial kitchen rents its facilities by the hour, allowing startup businesses to avoid big overhead costs.

The Quebec-based Quint Group paid $8.75 million to Illinois-based Agracel Inc. for a 258,000-square-foot industrial building. Kemp Conrad, a principal with Cushman & Wakefield/Commercial Advisors, will represent Quint Group in leasing the building.

IP owns a little more than 90% of the Turkish company.

Memphis-based Vawter Gammon Norris & Company specializes in serving clients in automotive, truck and motorcycle dealerships, with clients in more than 20 states.

The 9.3-acre site, now cleared by demolition, sold for $7.7 million to RCM Devco LLC, which lists developer Chance Carlisle of One Beale as its agent.

So far, $2 million of the $2.5 million goal has been raised to rebuild Overton Park golf course and renovate its Abe Goodman Clubhouse. 

With Lakeland Commons and The Lake District mixed-use projects under construction, Lakeland is adopting a proactive approach to its economic development strategy, targeting a number of properties for redevelopment.

The City of Memphis is evaluating bids ranging from $9.4 million to $10.1 million for restoration of and other improvements to the historic Memphis cobblestone landing.

The location for Sticks X Stones would be 2965 N. Germantown Parkway Suite 111 in the Shoppes of Wolflake. The plaza is located near one of the city’s busiest intersections.

University of Memphis officials say they’re mulling over the future of Sparks Bureau of Business and Economic Research to see if it can continue serving business, government and community organizations.

A funeral home on the recently down-zoned section of Lamar wants to add a second cremation furnace, but now must seek a zoning variance to do it.