The deal is a vote of confidence for the Memphis industrial real estate market, observers said.

In 2021, the developer announced it was trying to convert the property into residential use. 

Foreclosure deals are rare in the Memphis multifamily market.

A firm tied to an industrial electrical contracting firm and a prominent drag racing operator has bought a Southeast Memphis warehouse.

The Memphis-Shelby County Schools board is expected to vote Tuesday, April 28, on whether to sell the 2.3-acre former site of Orleans Elementary School at 1400 McMillan to The Works for $61,000.

Ice cream and more on its American Way, Rotolo’s Lakeland grand opening and Roll With It in Whitehaven.

YH TN Brownsville LLC, a private investment company, bought the 55,356-square-foot building at 2714 Union Ave. Extended from Coastal Partners LLC for $5.5 million.

LBMC is already expanding at Clark Tower, and Southaven will get a little hotter and a lot colder with a Sweathouz location. And rent a business space at Crosstown Concourse.

Stuck in neutral or still on track? If the renovation of the Memphis Motorsports Park is going to be ready for racing this fall, work on the property south of Millington will have to accelerate.

Germantown-based JX Investments LLC bought French Village Square at 4069-4111 Summer Ave. from MRS French Village LLC for $4.6 million.

OUTMemphis, the longest-running LGBTQ+ organization in Tennessee, is building a new regional headquarters in Midtown as part of a $12 million expansion to meet the growing demand for its services.

Cushman & Wakefield released its first quarter industrial report, showing the overall market has some positive trends such as vacancy rate decreasing while net absorption and asking rental rates increased.

The Realtors council also inducted William B. Dunavant III into its Commercial Hall of Fame and honored Michael Lightman Sr. with its Legacy Award.

Stix Express Downtown will close Friday, April 24. Meanwhile, two coffee locations have made progress toward opening. 

The office park includes numerous amenities along with walking trails, an on-site deli and a conference center.

The Economic Development Growth Engine for Memphis and Shelby County approved incentives during its monthly meeting at Junior Achievement of Memphis.

Caissa K12 grows at Clark Tower, the city starts building a golf clubhouse and a gutter services company opens its first Mid-South location.

Growlers, a locally owned and operated concert venue, occupies the building at 1911 Poplar Ave.

Today, commercial real estate reporter Andy Ashby takes us inside several property transactions as well as why commercial real estate is such a fun and interesting topic. For real. 

The Memphis Area Association of Realtors is recognizing William B. Dunavant III and Michael Lightman Sr. amid a night of other winners at its 25th annual Pinnacle Awards.

There were 1,206 home sales in March, down 1.7% compared to 1,227 in the same month last year, according to a Memphis Area Association of Realtors report.

Even though Stryker chose not to renew an office-space lease, experts say the medical-device industry remains strong in Memphis.

More gyros are coming to Collierville, and a second Memphis Raising Cane’s is planning its grand opening party. 

The Downtown Memphis Commission’s Center City Development Corp. will consider several grants for Downtown projects at its April 15 meeting.

Marcus & Millichap, a commercial real estate brokerage, announced the sale but would not disclose the buyer or the sales price.