Driver
Driver, AR · Real Estate
The Commercial Appeal
Memphis industrial market among top in U.S.; Brookhaven Pub to expand
Memphis was among the top 10 national markets in industrial real estate in 2025, according to a recent report. In January, commercial real estate firm CBRE released a report highlighting the top 100 industrial leases last year. Memphis ranked seventh nationally by total square footage leased. The CBRE report highlights industrial real estate trends nationwide. Leases for third-party logistics providers were the majority of deals in 2025 at 44. “2025’s activity reflects continued strong demand for large distribution facilities as occupiers prioritize scale, efficiency, and long-term supply chain solutions," CBRE President of Americas Industrial and Logistics John Morris said in a statement. According to the report, California's Inland Empire submarket accounted for the most deals (14) and square footage leased (11.8 million square feet). By comparison, Memphis had five deals totaling 4.5 million square feet. That put Memphis as the eighth most active market, ahead of Pennsylvania's I-78/I-81 corridor submarket and South Carolina's Greenville-Spartanburg submarket. Additionally, the top 100 leases in 2025 totaled 98.8 million square feet, a slight increase from 2024 totals at 96.8 million square feet. The average lease size in 2025 was 980,000 square feet, according to the report. MEMPHIS BUSINESS NEWS: IKEA's store closure in Memphis
multifamilyaffordablehousing.com
Fogelman Buys 200-Unit Property in Greater Memphis, Tennessee
GERMANTOWN, TENN. — Locally based Fogelman Properties has acquired The Vineyards of Germantown, a 200-unit community approximately 20 miles east of Memphis, Tennessee. Fogelman acquired the asset through a joint venture with Dallas-based Thackeray Partners, marking the 18th acquisition for the Fogelman-Thackeray partnership. The Vineyards was built in 1997 and was 93 percent occupied at the time of the sale. Units are offered as one-, two- or three-bedroom floor plans. Fogelman is planning to renovate unit interiors, build a new pickleball court, and complete upgrades to the clubhouse, pool, fitness center and grilling pavilion.
localmemphis.com
City of Memphis launches pilot program to expand middle-income housing options
MEMPHIS, Tenn. — Memphis leaders say the city is facing a shortage of quality housing options, especially for families who earn too much to qualify for traditional housing assistance but still struggle to afford homes in today’s market. To help close that gap, the City of Memphis is...
fox13memphis.com
Record number of renters are “cost-burdened,” according to new report
MEMPHIS, Tenn. - How much do you spend on rent?. New research shows a record number of renters across the country are “cost-burdened,” meaning they spend at least 30 percent of their income on the roof over their heads. More than half of renters in Shelby County are...
WATN Local Memphis
Collierville may sue over hotel
hoodline.com
Downtown Memphis Apartments Move Forward Despite Headwinds
Downtown Memphis is not booming, but it is quietly grinding forward. A collection of small apartment and mixed-use projects is inching toward construction this spring even as developers and city officials keep stressing that progress is tough and slow. One of the clearest examples is a 28-unit renovation that would convert a long-derelict shell at 193 Pine Street into market-rate apartments. At the same time, design-focused work in the Edge District and upgrades along the riverfront are shifting where developers see opportunity. City staff and builders say that keeping a pipeline of projects matters, but financing gaps, approvals and neighborhood realities mean change will come in steady, incremental steps rather than big leaps.
fox13memphis.com
Homes, not hedge funds: Bill aims to stop growth of “mega investors”
MEMPHIS, Tenn. - There’s a new fight in Tennessee’s legislature to make housing more affordable. "Everyone deserves access to homeownership,” explained Sen. Charlane Oliver, D-Nashville. “Everyone deserves access to building wealth.”. Senate Bill 242, known as the “Homes, Not Hedge Funds Act” aims to stop the...
The Commercial Appeal
Memphis People in Business for March 5, 2026
Here's a look at promotions, hirings and other noteworthy business events in the Memphis area: Leadership Tennessee selected Lakeisha Edwards , executive director of UrbanArt Commission , for its Leadership Tennessee NEXT Program, Class XII, a statewide leadership initiative bringing together emerging and established leaders from across Tennessee. 32 participants representing 14 counties were chosen for the class. The program is Tennessee’s only statewide leadership experience designed to connect leaders across regions and industries while fostering non-partisan dialogue on the state’s most pressing issues. Edwards leads UrbanArt Commission, a Memphis-based nonprofit that partners with artists, neighborhoods and civic agencies to commission and steward public artwork throughout the city. Lauran Stimac , Evans Petree shareholder and chair of the Litigation Practice Group, was named the recipient of the 2026 Marion Griffin-Frances Loring Award by the Association for Women Attorneys at the organization's 44th Annual Banquet Jan. 29. The award — named for Marion Griffin, the first woman licensed to practice law in Tennessee in 1907, and Francis Loring, the first recipient of the award in 1989 — is a flagship honor for individuals who exhibit outstanding achievement in the legal profession. Boyle Investment Co. announced recently the retirement of Harold Moss,
actionnews5.com
IKEA Memphis’ closure to displace 114 workers
CORDOVA, Tenn. (WMC) - The closure of the Mid-South’s only IKEA location will impact 114 employees total. This number comes from the WARN Notice that the Swedish furniture company filed this week with the Tennessee Department of Labor and Workforce Development regarding the permanent closure of its store in Cordova.
WREG
Glorilla, Warren G, Moneybagg Yo all trust one Memphis woman with their biggest investment
WREG
Serenity Towers awaits renovation, still unsold
MEMPHIS, Tenn. — A dilapidated apartment complex with a troubled past is still on the market for a new purchaser to renovate and provide more housing to the city. “That’s 400 units of housing that no longer exist in this city, that were occupied by people who relied on affordable housing, so, we have to find solutions to make things work together,” said Marcus Ward, Special Master of the Environmental Court.
WREG
Ex-Millennia CEO buys $6.9M Florida mansion as conditions crumbled at Serenity
MEMPHIS, Tenn. — Attorneys for the city and those representing Serenity are scheduled to go back to Shelby County Environmental Court on March 3. That’s where we could finally learn more about what’s next for Serenity Towers. While its fate and future are still unclear, a more than six-month-long NewsChannel 3 Investigation reveals taxpayers have […]
WREG
Serenity Towers awaits renovation, still unsold
MEMPHIS, Tenn. — A dilapidated apartment complex with a troubled past is still on the market for a new purchaser to renovate and provide more housing to the city. “That’s 400 units of housing that no longer exist in this city, that were occupied by people who relied on affordable housing, so, we have to find […]
hoodline.com
Memphis Realtor’s Legal Spiral Deepens As Judge Cranks Bail To $500K
Memphis real estate agent Joshua Spotts, already trailed by civil suits and criminal complaints, is back behind bars after another arrest on a fresh theft charge. This latest booking has landed him in the Shelby County jail on a towering $500,000 bond, the newest chapter in a years-long legal saga that keeps pulling him back into court.
lakelandcurrents.com
Developer Purchases Former Willows Townhomes Site in Lakeland for $6.7 Million
Lakeland is seeing some recent momentum at The Lake District following a newly announced real estate transaction. Trilogy Investment Co., an investment and development firm based in Georgia, has purchased the nearly 20-acre townhome property formerly known as Willows Townhomes for just over $6.7 million. The site sits on the back portion of the mixed-use development and will move forward under a new name: REV3 at Garner Lake. This announcement follows additional developments at The Lake District this week, where construction has begun on a new dedicated office space for the Shelby County Sheriff’s Office (SCSO) and the City of Lakeland’s Parks Department.
fox13memphis.com
United Housing opens new headquarters in Binghampton
MEMPHIS, Tenn. — A local non-profit has a brand-new tool to help families buy their first homes. On Thursday, United Housing officially celebrated the organization’s 8,000-square-foot headquarters in Binghampton, at the site of the former Caritas Village. "Families cannot compete with cash investor buyers," said Amy Schaftlein, executive...