“We sometimes say that we make our money in complexity,” said Sarah Jemison, head of ALCO, which just cut the ribbon on new affordable-housing units in Memphis. 

Hillwood Investment Properties has broken ground on a 1.15 million-square-foot building, the first speculative building in the area in three years, which is a positive signal for the local industrial market.

Perdomo Worldwide plans to open a developable site in an older industrial submarket that’s seeing a slight resurgence.

Graybel Investments and Quad Property Group bought Cordova Creek Apartments. Townsend Insurance Group bought the former Regency Realty office. Memphis Goodwill Inc. is leasing the former Big Daddy Pawn building in Southeast Memphis.

5C Data Centers bought the former Fred’s Inc. headquarters as part of its plan for a $152.1 million artificial intelligence data center.

If approved, these projects could add residential units and commercial property across the city. 

Location, location, location: The two buildings that housed the former Outdoors Inc. are near one of the busiest intersections in the city, seeing more than 29,000 vehicles daily.

The Community Redevelopment Agency is moving forward with the first phase of Smokey City Market, an estimated $70 million project aiming to bring affordable housing, senior care, retail and green space to the area.

After two years in limbo, Ramble on Summer seems to be moving ahead, bringing another piece to the development on U.S. 70 in Bartlett.

Working a few lots at a time with different developers, the City of Memphis is beginning to connect the vacant lots in North Memphis neighborhood to form a pattern of redevelopment.

While Taco Prime and Petals of a Peony expand, Peach Cobbler Factory opens and The Farm Table closes.

Memphis Jazz, a residential community of 249 homesites, will be across the street from the Memphis Blues neighborhood. 

Dunkin’ crosses Union Avenue for a new location, Tolteca Foodservice buys a Southeast Memphis distribution center and Welltower buys a pair of local senior-housing facilities.

Ramble on Summer and the latest phase of Union Depot have received recommendations from the Bartlett Planning Commission.

In January 2024, the Exxon/Hop-In on one of the most visible retail corners in the city was destroyed in a fire.

Germantown hasn’t had a Bed Bath and Beyond in six years, but fans of the home goods store won’t have to wait much longer. 

The property was well-maintained for years but started to decline after FedEx left. Weeds have grown around the property, and the air conditioning gave out years ago.

The late-night cookie chain Insomnia Cookies will soon open its third Memphis store on Winchester Road. Tekila Group opened its newest concept in Senatobia. A Downtown patio area up for debate.

Local buyers claim former Daily News building and Fox Run Square. Helen of Troy expands to Southeast Memphis.

The Cathedral of the Immaculate Conception is clearing four buildings on its campus to make the property more accessible, add green space and to save money on upkeep.

Demolition of the former Commercial Appeal building could start in late June. DT Specialized Services, an Oklahoma-based company, filed a demolition permit for the property at 495 Union Ave.

Ben Smith opened Tsunami, a Pacific Rim-themed restaurant, in July 1998. He closed it this past February but would like to see it become a restaurant again.

After 12 years, the fondue restaurant is expected to return to the Memphis market in late 2026 or early 2027 inside a former Pyro’s Fire Fresh Pizza.

The privately-held commercial real estate firm bought the warehouse for $4.5 million.

A Dallas-based industrial real estate investment firm has made its first purchase in Memphis, and Village Mart, a local clothing store, has signed a lease for a new location.