Quarterly market reports are common among commercial real estate firms in town, but Colliers International Memphis is the first in the marketplace to put out a snapshot video.
Colliers has prepared short video updates for the office and industrial sectors, highlighting notable leasing and sales activity, as well as insight into absorption, vacancy and rental rate figures. Click on the pictures below to watch.
Forbes’ list of public and private colleges and universities ranked three Memphis higher education institutions among “America’s Best Colleges in the Nation” from the students’ perspectives: Christian Brothers University, University of Memphis and Rhodes College.
The Forbes ranking is geared toward undergraduates and the evaluation process when selecting a college. Forbes list of 650 undergraduate schools – the top 20 percent of all undergraduate institutions – focuses on quality of teaching, great career prospects, graduation rates and low levels of debt.
This year, five criteria were used in compiling the rankings:
- post graduate success, which evaluates alumni pay and prominence
- student satisfaction, including professor evaluations and freshman-to-sophomore year retention rates
- debt, which penalizes schools for high student debt loads and default rates
- four-year graduation rate
- competitive awards, rewarding schools whose students win scholarships and fellowships
Other Tennessee universities to make the list included Vanderbilt University; Sewanee – University of the South; Fisk University; Union University; Maryville College; Carson-Newman College; The University of Tennessee, Knoxville; Middle Tennessee State University; and Belmont University.
The local Economic Development Growth Engine board approved two tax freeze benefits this week to facilitate some warehouse expansions:
The EDGE board approved a 3-year tax freeze for Stoughton, Mass.-based Franklin Sports, which is investing $550,000 here, adding 40 jobs and pursuing a 100,000-squrae-foot expansion of its local operations at 5510 Getwell Rd. Franklin wants to expand the company to capitalize on the departure of a competitor from the market, and the addition of 40 new employees will take its local workforce to a total of 167.
Meanwhile, Franklin, Mass.-based Barrett Distribution got a 5-year tax freeze to help the third-party logistics provider expand its existing facility while adding 35 new jobs and investing $4.9 million.
Barrett is planning a 254,940-square-foot expansion of its Memphis operations at 4836 Hickory Hill. Adding the 35 jobs will increase Barrett’s local workforce to 61.
Here’s a link to a commentary from Andy Dolich, the former president of business operations for the Memphis Grizzlies.
It’s an analysis of advertising surrounding the just-ended Olympics in London. An excerpt:
“I wasn’t in London, but like many millions of others, I watched hours of NBC coverage both live and tape-delayed. When all the Ad-Olympics competitors had reached the finish line, I thought that Proctor & Gamble, Nike, Chobani, and AT&T distinguished themselves with gold medal performances … At times this Olympics seemed to blur the lines of perception versus reality when it came to what advertisers were doing to keep up with events — in real-time, turnaround-time, and world-record times set by the athletes.”
Downtown Memphis’ weigh-and-pay frozen yogurt shop is in jeopardy of closing.
Nirva Patel, owner and operator of Dream Berry Frozen Yogurt & Treats, has posted an ad on Craig’s List explaining that he is being forced out of his space at 94 S. Main St.
“My hope is to sell everything as a package deal, including equipment, furniture, and POS and even possibly store Name and Concept,” the ad reads.
Patel confirmed to The Daily News Wednesday, Aug. 15, that the landlord is terminating his lease. The Shelby County Assessor of Property lists the building owner as Paul N. Wilson of Collierville.
When asked if moving to another Downtown location was a possibility, Patel responded, “right now, we’re looking into a few spaces to relocate and we’re looking for what could be the best option for us.”
Dream Berry opened in May 2011 in the 1,800-square-foot space to the north of what is now Aldo’s Pizza Pies.