CRE Retail Duo Finds Success In Pairs - Memphis Daily News
This usually meant the partnering of an experienced agent with a junior agent, allowing continuity of clients over the future of the company as agents retired.
Massey, an adjunct professor in the graduate real estate program at the U of M, was planning a college mission trip to the Czech Republic, and was going to be out of pocket for about a month.
And the rest is history. In 2010, the duo closed 39 deals together throughout the Memphis area. Collectively, they have leased more than 20 Walmart shadow centers throughout the Mid-South and beyond.
They represent both tenants and landlords in deals that usually range from 1,600 to 5,000 square feet. National clients the pair has been involved with on either side include Big Lots, AT&T, Dunkin’ Donuts, Family Dollar, GameStop, PetSmart and FedEx Office.
Storms damage Hunt-Phelan Home roof - Memphis Commercial Appeal
Hunt-Phelan Home, the antebellum mansion once occupied by Ulysses S. Grant during the Civil War, will not be occupied this summer because of back-to-back storms that damaged the roof.
Owner Bill Day, the fifth generation landlord of the one-time tourist attraction at 533 Beale, inherited the home from his uncle Stephen Phelan in 1992 and had operated it as The Inn at Hunt Phelan, a bed and breakfast and restaurant that hosted private receptions and parties.
Day also built a separate six-unit condominium complex on the grounds. Those will be unaffected by the temporary shutdown of the 183-year-old home and the five rooms in its bed and breakfast operation.
Day said he was still getting insurance estimates after the first major storm this spring when the second major storm swept through the city. The storms, including a lightning strike, did about $200,000 in damage and will include repairs to ceilings and plaster inside, he said.
Storms damage Hunt-Phelan Home roof - Memphis Commercial Appeal
Coffee Break Goodwill opens new center - Memphis Commercial Appeal
The opening of the new attended donation center on Covington Pike marks the 19th center of its kind to open in the greater Memphis area and the 33rd in the Mid-South.
The owners of The Cajun Catfish Company at 1616 Sycamore View in Bartlett have opened a new location at 336 New Byhalia Road in Collierville.
The restaurant closes at 9:30 p.m. Sundays through Thursdays and at 10 p.m. Fridays and Saturdays. "We are really excited about bringing the restaurant to the Collierville area," said managing partner Becky Melton.
The Memphis chapter of the National Association of Women Business Owners will present "The Power of Procurement: How to do business with MLGW" from 11 a.m. to 1 p.m. Tuesday in the utility's first floor auditorium at 220 S. Main.
Coffee Break Goodwill opens new center - Memphis Commercial Appeal
Coffee Break: Baptist set to buy hospital in Mississippi - Memphis Commercial Appeal
The city of Oxford, Lafayette County and Baptist Memorial Health Care Corp. plan to finalize the sale of the local hospital to Baptist by July 31.
The sale will allow Baptist to get paperwork filed with the Mississippi Department of Health, which must approve construction of a new hospital.
Memphis-based Baptist Memorial Health Care announced earlier that the new $300 million hospital it wants to build will be located within the current city limits of Oxford.
The city and county have agreed to sell the current Baptist Medical Center-North Mississippi to Baptist, which currently leases the hospital from the city and county.
Coffee Break: Baptist set to buy hospital in Mississippi - Memphis Commercial Appeal
Fear and unity - Daily Helmsman
University of Memphis custodian Patricia Donaldson wakes up at two a.m. Monday through Friday to arrive at work on time an hour later. She alone is responsible for cleaning the entire Edward J. Meeman Journalism building by 11 a.m.
University of Memphis custodian Patricia Donaldson wakes up at two a.m. Monday through Friday to arrive at work on time an hour later. She alone is responsible for cleaning the entire Edward J. Meeman Journalism building by 11 a.m.
Donaldson said when she started working at The U of M, there were three people cleaning the three-floor building on Veterans Avenue. During the week she does all of the classrooms, offices and bathrooms, by herself, for $8.25 an hour, only a quarter more than when she first began work for The University five years ago.
Donaldson and her coworker Emma Davis, also a custodial worker, said when they've discussed pay with their supervisors in the past, they're told they should be grateful to have a job.
Fear and unity - Daily Helmsman
The Investigators - Pastors testify at debt/foreclosure fraud trial - WMC-TV
MEMPHIS, TN (WMC TV) - A former Bartlett businessman with no credentials in banking or finance will go to prison for an elaborate debt-reduction and foreclosure rescue scam that spanned nine states.
Wednesday, a federal jury found Charles McKuhn guilty on seven counts: two counts of mail fraud, four counts of wire fraud and one count of money-laundering.
U.S. District Court Judge Jon P. McCalla set May 19 as McKuhn's sentencing date. Investigators said he faces a minimum of 51 months in prison.
Last March, a federal grand jury indictment charged McKuhn and his company, Taurian Worldwide, Inc. (TWI) with bilking more than $500,000 from churches and individuals in the wire-transfer lending scheme.
The Investigators - Pastors testify at debt/foreclosure fraud trial - WMC-TV
Coffee Break: Gibson Guitar wins injunction against toymaker - Memphis Commercial Appeal
Gibson Guitar Corp. has won a temporary injunction against a toy maker that produced a toy guitar Gibson said looked too much like its signature products.
The Nashville-based guitar maker filed a complaint in November that said the Paper Jamz guitar toys made by Wowwee USA Inc. wrongfully copied Gibson's Les Paul, Flying V, Explorer and SG guitar lines.
Corporate holiday cards show appreciation to customers and colleagues, of course, but Sedgwick CMS went a little further than that this year.
The Memphis-based claims management company invited its clients and vendors to leave special messages on electronic and paper holiday cards for American soldiers serving overseas.
Coffee Break: Gibson Guitar wins injunction against toymaker - Memphis Commercial Appeal
Assurance Expands in Northwest Suburbs - GlobeSt.com
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SCHAUMBURG, IL-Assurance Agency Ltd. has increased its office lease at One Century Centre to 61,239 square feet. The insurance brokerage had leased three floors at the building, and has now added an additional 18,242 square feet on the first and second floors.
The 212,212-square-foot office tower is 95% leased, says Fred Ishler from Transwestern Investment Co., the owner of the building. Career Education Corp. is also a tenant at the property, located across Golf Road from Woodfield Mall. Asking rates at the complex are at about $13 per square foot, net.
The 212,212-square-foot office tower is 95% leased, says Fred Ishler from Transwestern Investment Co., the owner of the building. Career Education Corp. is also a tenant at the property, located across Golf Road from Woodfield Mall. Asking rates at the complex are at about $13 per square foot, net. “This is one of the largest subleases in the Northwest market this year,” Ishler tells GlobeSt.com. “This wasn’t even an expansion, the company is just doing well.” Ishler, Joe Stevens and Zach Fox represented the owners in the transaction, and Lou Hall, Paul Buckingham and Craig Cassell with Grubb & Ellis represented the tenant.
Assurance Expands in Northwest Suburbs - GlobeSt.com
Lease Up: American Greetings Narrows HQ Search - CoStar Group
No decision has been made to relocate the headquarters, which is now in Brooklyn, OH. The existing American Greetings location is one of the seven sites under consideration.
McGrath said that the review continues but significant progress has been made. Numerous factors are being considered including operating costs associated with a new or renovated facility, costs associated with any move or relocation, employee recruitment considerations and the enhancement of the company's creative environment and culture.
The company began to assess the location of its headquarters office only after the city of Brooklyn increased its income tax rate while lowering the residential property tax rate - effectively shifting taxes from the voting residents to the non-voting associates of American Greetings and other Brooklyn employers. The tax increase prompted a broader study of American Greetings' operations and its future facility needs.
McGrath said the company hopes to make a decision by, or close to, the end of February 2011 - which marks the conclusion of American Greetings' fiscal year.
Lease Up: American Greetings Narrows HQ Search - CoStar Group
Foreigners Stealing US Assets? How You Can Profit! - Tycoon Report
CNNMoney recently reported that a new wave of Australian investors are now grabbing up American investment properties in several states throughout the southeast and midwest regions.
An Orlando based firm called My USA Property has been brokering deals between Australians and real estate professionals. They have arranged nearly 300 deals in the last two years in 14 American cities.
The agents who find the foreclosures also get them rehabbed, and then property manage them. All of the properties come delivered with clear title and a home inspection report.
The Australians are not alone among foreign investors in recent years. Almost $1 billion of properties in Florida alone have been purchased by Middle Eastern and African investors.
Foreigners Stealing US Assets? How You Can Profit! - Tycoon Report