Industrial real estate to have soft landing at end of 2024
CBRE and Cushman & Wakefield | Commercial Advisors released their quarterly market industrial reports with both showing cautious optimism for the fourth quarter.
CBRE and Cushman & Wakefield | Commercial Advisors released their quarterly market industrial reports with both showing cautious optimism for the fourth quarter.
After decades of filling prescriptions, Bartlett Station’s Regel Pharmacy is shuttering its doors. Meanwhile, Side Porch Steak House are drafting plans for the building.
Wild Beet Salad Co. is on the hunt for a new retail space, Elise Desserts Co. finds warehouse space and the old Mellow Mushroom at Park Avenue and White Station Road will become a Bojangles.
The Stratford Memphis venue sold, ProHealth Wellness Clinic to open its sixth location in Arlington, Horn Lake shopping center sold for $2.3 million and an Olive Branch warehouse also sold.
The Economic Development Growth Engine Board approved a Jobs 15-year payment-in-lieu-of-taxes incentive for AAON Inc., three forgivable loans, and an extension of the closing date of Richardson Oilseed PILOT at its special call board meeting on Wednesday, Nov. 6.
Starting this week, Pattillo Industrial Real Estate will begin working on the 200,000-square-foot facility for a California-based business.
A Chick-fil-A opens in Horn Lake, and Starbucks is coming to West Memphis. Plus, this brewery is serving pretzels, calzones and honey that “Makes You Tingle.”
A sneaker and vintage clothing store will open within the next month in the Broad Avenue Arts District, two East Germantown hotels are renovated, a marketing agency joins Primacy II tenant list and 15 acres in Southeast Memphis were sold.
Also: Fun City Adventure Park opens another location in Memphis.
Developer Vibrant Hotels Inc., led by Vince Vaghela, renovated the former Tenoke Building built in 1911 into the three-star Aloft hotel.
JoJo’s Espresso will open its second location in a former gift shop.
The affiliate will be tax-exempt and have no legal or financial liability in the city’s transaction.
St. Louis-based Best Wash Laundromats expands presence in Memphis, Frager Law Firm signs a lease in East Memphis Crye Leike building, and a new tenant in The Shops at Rock Creek in Cordova.
Boba Boba Life is open, and Taco Cabana is considering expanding to Memphis. Pearl’s Coffee & Tea House is opening on Peabody next to Kura House.
Union Depot in Bartlett is set to change the suburb’s landscape while adding residences for the growing city.
A medical office building fully leased by Baptist Medical Group has been sold. Plus, Ameriflo has a new global headquarters.
A DMC board approved bonds to loan Memphis the millions needed to buy and maintain the Sheraton Memphis Downtown hotel, renovate AutoZone Park and update the 100 N. Main parking garage.
The deli will provide hot sandwiches, salads, soups and grab-and-go items on weekdays from 11 a.m. to 8 p.m. at the former Big River Market space at 516 Tennessee St.
XAI is set to lease a site via CTC Property LLC, a California LLC affiliated with the Elon Musk company.
The Daily Memphian will have a permanent office, and Red Door Wealth Management gets a space, too. Plus, a fully leased Collierville building is up for sale.
Also, Staks Kitchen will have an Arlington location, and Scooter’s Coffee is adding multiple locations across the region.
The Renasant Convention Center’s general manager said the convention center would be “like a racecar without wheels” without the hotel.
Also a home-theater store opens in East Memphis, a Southeast Memphis warehouse has been bought and Amazing Lash Studio is moving to Poplar Commons Shopping Mall.
“He would be so overjoyed today. I feel his presence now,” Dr. Carol Loree Champion said of her late father, Dr. Charles Champion, who opened his pharmacy and herb store in South Memphis in 1981.
Cxffeeblack is now serving its coffee at the Hyatt Centric on Beale, Salata Salad Kitchen looks at Memphis for expansion and Uncle Goyo’s reopens.
Also: Coworking space for lawyers is coming to Downtown.
The hotel selection and design have pushed the project timeline back from the end of 2027 to early 2028.
The former Murdock Printing building at 430 Monroe Ave. is one of four projects tapped for local grants.
Also, an industrial outdoor storage lot has been leased.