The Blackburn Group announced recently that 100 percent of its new retail center in Oxford Commons is leased and residents should expect businesses to open this summer. The Terrace at Oxford Commons, a 16,000 square foot neighborhood retail center … Continued
News
COVID-19 puts its stamp on commercial leases by Tom Bailey
Something else is going viral because of the pandemic: New language in commercial real estate leases that acknowledges the potential effect of occurrences like COVID-19 on the contract between a landlord and tenant. It’s basically putting in writing something that … Continued
Brown Gill: Crisis will ‘really hit landlords in May, June, July’ by Jacob Steimer
Gill Properties is one of 49,000 real estate companies that had been approved for the Paycheck Protection Program (PPP), as of April 13. While principal Brown Gill said the company is doing fine so far, he said the subsidy will … Continued
Landlords choose ways to help business tenants during crisis by Tom Bailey
Many commercial landlords in Memphis have been telling this to their small-business tenants struggling during the pandemic: Pay neither rent nor triple net (tax, insurance and common-area maintenance expenses) for the next month or so, but gradually repay that amount … Continued
Race is on to fill empty real estate along U.S. 64/Stage Road corridor by Michael Waddell
With a number of large commercial spaces sitting open along the busy U.S. 64/Stage Road corridor in Bartlett and the Wolfchase area, and new commercial development underway at the southwest corner of Stage and Germantown Road, the race is on … Continued
Developers unfazed by COVID economy, forge ahead with construction by Tom Bailey
Just minutes after news hit Thursday morning that a record 3.3 million workers applied last week for unemployment benefits, building officials emailed the daily batch of Shelby building permits. Unemployment crisis: State jobless numbers jump, 4,355 claims in greater Memphis … Continued
White Station retail moves forward, developer shares long-term view by Jacob Steimer
Earlier this week, the large majority of retailers and restaurants were ordered to close up shop for at least two weeks. But, that hasn’t stopped Gill Properties from moving forward with its retail-focused development on White Station Road. Gill Properties … Continued
Southaven’s Silo Square attracts new restaurant, continues work on pedestrian bridge by Susan Ellis
According to Brian Hill, owner/developer of Silo Square in Southaven, the project is coming along. They’ve got six buildings set to be finished by the end of the year, and he said, “If the phone calls keep coming in the … Continued
Market Share: Life science firm opens third local warehouse; retailer grows Mid-South presence by Jacob Steimer and Susan Ellis
Dohmen/Eversana opens new warehouse A Milwaukee-based life sciences firm recently announced it opened a 260,000-square-foot warehouse at 5650 Challenge Drive near Hickory Hill Road. Eversana, which was formed in October as a result of a merger of six life sciences … Continued
New CBD store coming to Collierville by Susan Ellis
Now we can’t say with 100 percent certainty, but we feel pretty confident that Hemp2Oh! will not have a Grateful Dead tapestry. It’s just not that type of CBD store, the owners say. You can also get kratom here, just … Continued