Cushman & Wakefield is pleased to invite you to our webinar focusing on current market conditions, trends and forecasts for the office and industrial markets.
Glenn Rufrano, CEO, Cushman & Wakefield, Inc.
Maria Sicola, Head of Americas Research
Ken McCarthy, Senior Economist
Jim Dieter, EVP of Industrial Operations
These presenters will provide a comprehensive overview of current trends and, more importantly, Cushman & Wakefield’s outlook for 2011. Don’t miss this excellent opportunity to gain a deeper understanding of the U.S. office and industrial market.
The webinar will be hosted on Thursday, October 21st at 11:00 am EDT
To register for the webinar please click the following-
https://cushwake.webex.com/cushwake/onstage/g.php?t=a&d=554606737
Dial in: (866) 832-9927; Passcode: 11926925
The session should last approximately one hour. For those unable to attend, a recording will be available in C&W’s Knowledge Center following the Webinar.
Thursday, October 14, 2010
Thursday, October 7, 2010
USAA Purchases Chickasaw D & G
Commercial Advisors LLC Executive Vice President Wyatt Aiken and Senior Vice President Dave Curran represented JP Morgan (the seller), in cooperation with Stewart Calhoun and David Meline, executive directors with Cushman & Wakefield in Atlanta.
Read the MBJ Story
Read the MBJ Story
Jeb Fields - Top 40 Material
Congratulations to Jeb Fields, Vice President with Commercial Advisors, on being named to the Memphis Business Journal's Top 40 Under 40 class of 2010. Over the past six years Jeb’s dedication to his work has been recognized not only by his clients but by Commercial Advisors and his commercial real estate peers. In 2007 he was promoted from Associate Broker to Vice President. In October of 2007, he earned a Certified Commercial Investment Member (CCIM) designation. That same year he was recognized with a MAAR Pinnacle Award, a prestigious award given annually to the top 25 brokers in Memphis. In 2008 he was featured in the Profile section of the Memphis Business Journal. In 2009 he was elected to the MAAR Commercial Council Board of Directors, and in 2010 he became President of the Memphis Metro CCIM.
A lifelong Memphian, Jeb has a heart for the local community. He is very active in the Blue Streak Scholarship Fund, a non-profit organization devoted to giving inner-city Memphis children the benefit of a private Catholic education through the Jubilee Schools of Memphis. He served as President in 2009 and has been on the Board of Directors for six years running. In 2005 he co-founded the annual Taste of Jubilee fundraiser which has grown to become the top fundraiser for the Jubilee Schools, netting $70,000 in 2009 alone.
In addition to Blue Streak, Jeb has devoted his time to countless other areas of our community. He served on the Orpheum Advisory Board, was in the NEXUS Protégé Class of 2008, served as logistics chair of the Starry Nights Committee in 2009, was a Commercial Appeal Young Leaders participant, is a 2010 Leadership Academy Fellow, and a former board member of the Boys and Girls Club of Hickory Hill. He, along with several other peers, took an active role in a Cooper Young neighborhood cleanup day, receiving recognition from the Commercial Appeal for his efforts. He is also a supporter of St. Jude, annually raising money as a St. Jude Hero on the Memphians for St. Jude racing team.
Tuesday, September 28, 2010
Memphis is Hot!
If you missed the article in last Monday’s Commercial Appeal, “Hot Property-Entertainment world wants a piece of Memphis cool vibe, heritage”, it is attached for review. On TV, on Broadway, in movies, in music the “Memphis” is a hot property. The outsiders looking in believe Memphis has authenticity and creativity that comes from a city which suffers from an inferiority complex which needs to cease……
Read the article here.
Friday, August 27, 2010
CA Supports the MUS Owls!
CA is sponsoring the MUS Owls Football team this year and is excited to be displaying a 30 second spot on their brand new digital scoreboard. We cant wait to watch it at their first home game this evening! Go Owls!!!
Cant make it to the game? You can preview the spot here.
Cant make it to the game? You can preview the spot here.
Mid-Year Market Reports
Our mid-year office and industrial market reports are now available for download. Learn about the trends we are currently seeing in the Memphis commercial real estate market as well as an outlook for future growth.
You can visit our website at www.commadv.com/marketknowledge or dowload them by clicking the links below.
Click Here to download the Office Report.
Click Here to download the Industrial Report.
You can visit our website at www.commadv.com/marketknowledge or dowload them by clicking the links below.
Click Here to download the Office Report.
Click Here to download the Industrial Report.
Friday, August 13, 2010
Jeb Fields Represents Chartwell Financial
Jeb Fields, Vice President with Commercial Advisors, represented Chartwell Financial Group in their move to The Centrum Building.
Read the MBJ article here: Chartwell prepares to double employees - Memphis Business Journal
Read the MBJ article here: Chartwell prepares to double employees - Memphis Business Journal
Thursday, August 5, 2010
Kemp Conrad on News Channel 3
Kemp Conrad, Senior Vice President of Commercial Advisors and President of Commercial Alliance, will be featured on News Channel 3 tonight giving election commentary. He will be commentating from 7-11pm.
Commercial Advisors Welcomes Allison Tinney
Commercial Advisors welcomes Allison Tinney to the team as Marketing Assistant. Allison comes to Commercial Advisors from Washington, D.C. where she worked as an Office Automation Clerk for the Air National Guard Bureau while attending American University. She is a graduate of Rhodes College where she majored in Business with a minor in Art History. We are very excited to have her.
Friday, July 30, 2010
CA and CAM Raise Money for Beat the Heat
The employees of Commercial Advisors and Commercial Alliance raised more than $1,100 to provide air conditioners for the elderly and those in need this summer. The money was donated to "Beat the Heat", a drive sponsored by News Channel 3 and 10 local non-profits. Melissa Moon of News Channel 3 came out today to film Kemp Conrad, Senior Vice President of Commercial Advisors and President of Commercial Alliance, handing over the check. Way to go team!
Thursday, July 15, 2010
MCAN - New Fiber Network in Memphis
After many years of focused effort Memphis did! MCAN (Memphis Coalition for Advance Networking) just made computer computation for research 3000 times faster by completing a fiber network between Oak Ridge National Laboratory which will allow private sector access to the world's fastest super computer at Oak Ridge. Read the article, 'Memphis Researchers Enter the World of High Speed' in the June 24, 2010 edition of the Daily News for a more detailed overview.
Tuesday, June 29, 2010
We've Moved!
Monday, June 7, 2010
Commercial Advisors - On the Move!
Commercial Advisors is excited to announce that we are moving back inside the loop at the end of June. Our new offices will be located a Clark Centre - 5101 Wheelis Drive behind the Clark Tower. Read the MBJ article here:
Commercial Advisors leaving Lenox Park for East Memphis offices in Clark Centre - Memphis Business Journal
Commercial Advisors leaving Lenox Park for East Memphis offices in Clark Centre - Memphis Business Journal
Wednesday, June 2, 2010
FedEx Boeing 777
FedEx's introduction of the Boeing 777 into its air cargo fleet moves Memphis and its Aerotropolis of the Americas initiative into the heart of FedEx's global marketing strategy as one of the three Aerotropolis hub operations. The Aerotropolis Europe hub is located in Paris and Aerotropolis Asia is in Guangzhou China. With the ability to fly between the three hubs with greater fuel efficiency and on a non-stop basis, access to global markets is happening now--faster, better, and cheaper. Memphis is a winner! Watch the video below to learn more about the Boeing 777.
You can also visit: www.fedex.com/weunderstand.
You can also visit: www.fedex.com/weunderstand.
Commercial Alliance: Small Business of the Year
Congratulations to our sister company Commercial Alliance Management for winning the MBJ's Small Business Award in the 1-25 employee category! Read the MBJ article here.
Railroads Making Tracks to Memphis
The MBJ recently featured an article on rail in Memphis. Where else in America can you find the concentration of investment by the railroads? Are we thinking strategically as a community about what it means and what we should do to leverage the investments to create JOBS??? Read the article here: Railroads making tracks to Memphis - Memphis Business Journal
Thursday, May 20, 2010
Done Deals: Buchart Horn, Russell Montgomery and Associates
Commercial Advisors has been busy helping several clients with their office lease renewals. Associate Matt Weathersby recently represented Buchart Horn in their 3,292 sf renewal at Lenox Office Park. Kemp Conrad, Senior Vice President, and Jacob Biddle, Associate, represented Russell Montgomery and Associates in their 3,019 sf renewal at White Station Tower.
Read the Commercial Appeal article here.
Read the Commercial Appeal article here.
Memphis Rail Growth: Threatening Chicago for Quite Some Time
The Commercial Appeal featured an article Tuesday about Memphis rail and how it is creating competition for Chicago. The article is interesting, but leaves out one fact.....the Mississippi River flooding in the upper Midwest in 1993 cut off rail service to Chicago and diverted rail traffic to Memphis and that's when the ease of doing business on rail through Memphis got its big boost. Click here to read the Commercial Appeal article.
Monday, May 17, 2010
Jeff Barry Featured in the Memphis Daily News
Jeff Barry, Senior Vice President of Commercial Advisors, was recently featured in the Memphis Newsmakers section of the Memphis Daily News. He has more than 20 years of experience in commercial real estate. He specializes in the acquisition, disposition and development of land around the mid-south. View the Article Here
Konica getting more exposure - Memphis Business Journal
Larry Jensen and Matt Weathersby of Commercial Advisors represented Konica Minolta in their 13,750 square feet space at Appling Farms.
Read the MBJ Article Here
Read the MBJ Article Here
Company Lunch at BBQ Fest
The staff of Commercial Advisors and Commercial Alliance Management got together last Friday for a little fun by the river and enjoyed the sights, sounds and tastes of Memphis in May BBQ Fest!
Monday, May 10, 2010
Aerotropolis drives recruiting - Memphis Business Journal:
Aerotropolis drives recruiting - Memphis Business Journal
Read about how Memphis had dubbed itself America's Aerotropolis. Larry Jensen is also mentioned in this recent MBJ article.
Read about how Memphis had dubbed itself America's Aerotropolis. Larry Jensen is also mentioned in this recent MBJ article.
CA/CAM Crawfish Boil!
The employees of Commercial Advisors and Commercial Alliance recently got together to enjoy a good ole' fashion crawfish boil at the home of our fellow co-worker Bentley Pembroke. We braved the torrential downpours and sirens and enjoyed some great food!
Tuesday, April 27, 2010
Lessons from Beijing
Larry Jensen quoted in Commercial Appeal article following up on the Airport Cities conference in Beijing. Read the story here.
Saturday, April 24, 2010
Blogging from Beijing Part II
Thursday, April 22 - 11:15 pm
Attendance at the Airport Cities has revealed to me an important insight into the value of our airport in Memphis. While I have appreciated the work of the Memphis and Shelby County Airport Authority under the leadership of President Larry Cox and Chairman Arnold Perl, it is my great privilege to gain a better understanding of the valuable asset that has been carefully managed and developed over the years. Thankfully, our community has been provided with an opportunity to excel and compete. We cannot be complacent and must work hard to assure our efforts are strategic and aggressive. We have opportunity before us if we can seize it and maximize the potentials.
From Munich to Dubai to Mumbai to Denver to Dallas and all around the world, there is a staggering amount of current economic investment in airport infrastructure. China, for example, plans to building 50 new airports in the next ten years and renovate many of the 152 existing facilities. Investing billions of dollars in airports globally is driven by the 21st century reality that the new economic highways are the air routes globally and domestically. Like the clipper ships of bygone days, world commerce occurs when airplanes have sustainable and efficient access to those air routes to carry business people, tourists, and goods effectively and efficiently. Vital airports provide access to the economic highways and are the key generators of economic activity for the 21st century for local and regional economies. It is critical to understand the concept of the entire regional economy revolving around the ingress and egress to the new economic highways. The new economic highways offer access and opportunities to expand and grow tourism, biosciences, medical care and research, conventions, education, research, logistics, corporate business operations, headquarters, and manufacturing.
Memphis is a current thought leader and participant as a global access airport. With hub status for the largest global airline, Delta; one of three global Aerotropolis hubs for FedEx, an UPS freight hub, Memphis’ airport impacts the daily lives of people and commerce across the region well beyond the land inside the fences at Memphis International Airport. Further with our Aerotropolis initiative of leveraging Memphis’s multi-modal transportation infrastructure (river, rail, road, runway), the future is bright if the community can comprehend the opportunity and make certain there is a laser focus on the airport’s importance and continued investment is made not only on the airport facilities but other vital infrastructure components.
Attendance at the Airport Cities has revealed to me an important insight into the value of our airport in Memphis. While I have appreciated the work of the Memphis and Shelby County Airport Authority under the leadership of President Larry Cox and Chairman Arnold Perl, it is my great privilege to gain a better understanding of the valuable asset that has been carefully managed and developed over the years. Thankfully, our community has been provided with an opportunity to excel and compete. We cannot be complacent and must work hard to assure our efforts are strategic and aggressive. We have opportunity before us if we can seize it and maximize the potentials.
From Munich to Dubai to Mumbai to Denver to Dallas and all around the world, there is a staggering amount of current economic investment in airport infrastructure. China, for example, plans to building 50 new airports in the next ten years and renovate many of the 152 existing facilities. Investing billions of dollars in airports globally is driven by the 21st century reality that the new economic highways are the air routes globally and domestically. Like the clipper ships of bygone days, world commerce occurs when airplanes have sustainable and efficient access to those air routes to carry business people, tourists, and goods effectively and efficiently. Vital airports provide access to the economic highways and are the key generators of economic activity for the 21st century for local and regional economies. It is critical to understand the concept of the entire regional economy revolving around the ingress and egress to the new economic highways. The new economic highways offer access and opportunities to expand and grow tourism, biosciences, medical care and research, conventions, education, research, logistics, corporate business operations, headquarters, and manufacturing.
Memphis is a current thought leader and participant as a global access airport. With hub status for the largest global airline, Delta; one of three global Aerotropolis hubs for FedEx, an UPS freight hub, Memphis’ airport impacts the daily lives of people and commerce across the region well beyond the land inside the fences at Memphis International Airport. Further with our Aerotropolis initiative of leveraging Memphis’s multi-modal transportation infrastructure (river, rail, road, runway), the future is bright if the community can comprehend the opportunity and make certain there is a laser focus on the airport’s importance and continued investment is made not only on the airport facilities but other vital infrastructure components.
Thursday, April 22, 2010
The Concept of Aerotropolis
Aerotropolis is formed from two words which might be literally understood as a city in the air or airport city. Site Selection Magazine featured an article entitled “Airport Cities” that does a much better job of defining the word in today’s global economic environment. In particular, the article provides history, current status, and future insights about Memphis’ role in providing sustainable global access as an “airport city” or “aerotropolis”. This is real, global, and a powerful economic reality for the future. Read carefully and grasp the opportunity by reading the article here.
Blogging from Beijing
Monday - April 19, 8:09 pm
We are sitting down to breakfast just now before heading out this morning to see The Great Wall. Our group continues to arrive and the conference meetings begin tomorrow evening, Wednesday. After arriving late last night via Detroit to Norita Japan and onto Beijing, we were escorted to our hotel and checked in after more than 26 hours in transit.
Tuesday - April 20, 5:57 am
We went to the Forbidden City, which was the palace of the Emperor in the 1400s. I have pictures, but it is huge and covers several hundred acres. It is an incredible place just off Tianemen Square. Beijing is a very busy city with many beautiful buildings mixed with large modern office buildings and hotels. Tomorrow we got to Great Wall and conference starts tomorrow evening. About 50 of the 500 conference attendees will most likely not be able to attend because of the volcanic ash in Europe.
Wenesday - April 21, 11:54 am
It was nice to be out in the countryside and ride through villages on the way to the Great Wall tour. The weather was cool, damp, and overcast, but pleasant enough to make our tour work. The Great Wall is impressive and we visited a section which was completed in the 16th century. The wall is more than 5500 miles long. I have pictures, but for some reason can't upload them to send right now. The conference began last night and we have a booth where we greeted attendees and began extending our invitation to come to Memphis next year for the 2011 Airport Cities Conference. I had visits with the airport executive for Munich and Denver, for example. Some people are still struggling to get here due to the disruption of air travel and others simply cannot make connections and have cancelled.
We are sitting down to breakfast just now before heading out this morning to see The Great Wall. Our group continues to arrive and the conference meetings begin tomorrow evening, Wednesday. After arriving late last night via Detroit to Norita Japan and onto Beijing, we were escorted to our hotel and checked in after more than 26 hours in transit.
Tuesday - April 20, 5:57 am
We went to the Forbidden City, which was the palace of the Emperor in the 1400s. I have pictures, but it is huge and covers several hundred acres. It is an incredible place just off Tianemen Square. Beijing is a very busy city with many beautiful buildings mixed with large modern office buildings and hotels. Tomorrow we got to Great Wall and conference starts tomorrow evening. About 50 of the 500 conference attendees will most likely not be able to attend because of the volcanic ash in Europe.
Wenesday - April 21, 11:54 am
It was nice to be out in the countryside and ride through villages on the way to the Great Wall tour. The weather was cool, damp, and overcast, but pleasant enough to make our tour work. The Great Wall is impressive and we visited a section which was completed in the 16th century. The wall is more than 5500 miles long. I have pictures, but for some reason can't upload them to send right now. The conference began last night and we have a booth where we greeted attendees and began extending our invitation to come to Memphis next year for the 2011 Airport Cities Conference. I had visits with the airport executive for Munich and Denver, for example. Some people are still struggling to get here due to the disruption of air travel and others simply cannot make connections and have cancelled.
Tuesday, April 20, 2010
Larry Jensen Heads to Beijing
Larry Jensen is part of a delegation from Memphis including Mayor AC Wharton and Memphis International Airport president Larry Cox attending the Airport Cities World Conference in Beijing, China this week. Read the Commercial Appeal article here.
Thursday, April 15, 2010
Congratulations 2009 Pinnacle Award Winners!
Congratulations to Larry Jensen, Wyatt Aiken, Kemp Conrad, Matt Weathersby, and Bentley Pembroke (Commercial Alliance) on being named top brokers in the Memphis market for 2009 by the Memphis Area Association of Realtors (MAAR) Commercial Council. Larry Jensen also received the Office Broker of the Year for 2009. Way to go!
Friday, April 9, 2010
Non-Profit Organizations - Addressing Community Challenges is a Grass-Roots Effort
Bottom-up, grass-roots consensus community processes are the centerpiece of 21st century community building and empowerment. Most successful projects and processes in our Memphis metro area in recent years have addressed the community challenges as inclusive, grass-roots approaches. Most failed projects have ignored these principals.
You only have to look at the board of directors of four organizations in our community to gain some understanding. Shelby Farms Park Conservancy, Memphis Bioworks Foundation, the Crime Commission, and the Memphis Area Chamber of Commerce are four examples of boards and leadership comprised of a broad cross section of Memphians: black, white, young, old, male, and female. Furthermore, the leadership of those organizations understands and practices reaching deep into the stakeholder communities to gain opinion, feedback, and participation before decisions are made and projects initiated. The approach and priorities of each of these organizations along with many, many others represents the present reality and the future approach of our community. While many seemingly intransigent issues around economic disparity, poverty, and race remain as significant community challenges, there is a new spirit of success, cooperation, collaboration, and community building emerging and even maturing.
For example, Memphis Tomorrow’s membership is comprised of predominantly white male CEO’s of the largest companies and institutions in the region. Memphis Tomorrow executes its projects and initiatives focused on education, crime, and economic development around the successful principles of deep research, broad community fact-gathering and grass-roots engagement. While comprised of top-down leadership, the approach of Memphis Tomorrow at its core is grass-roots community consensus building and execution.
You only have to look at the board of directors of four organizations in our community to gain some understanding. Shelby Farms Park Conservancy, Memphis Bioworks Foundation, the Crime Commission, and the Memphis Area Chamber of Commerce are four examples of boards and leadership comprised of a broad cross section of Memphians: black, white, young, old, male, and female. Furthermore, the leadership of those organizations understands and practices reaching deep into the stakeholder communities to gain opinion, feedback, and participation before decisions are made and projects initiated. The approach and priorities of each of these organizations along with many, many others represents the present reality and the future approach of our community. While many seemingly intransigent issues around economic disparity, poverty, and race remain as significant community challenges, there is a new spirit of success, cooperation, collaboration, and community building emerging and even maturing.
For example, Memphis Tomorrow’s membership is comprised of predominantly white male CEO’s of the largest companies and institutions in the region. Memphis Tomorrow executes its projects and initiatives focused on education, crime, and economic development around the successful principles of deep research, broad community fact-gathering and grass-roots engagement. While comprised of top-down leadership, the approach of Memphis Tomorrow at its core is grass-roots community consensus building and execution.
Killer B's of Memphis
Memphis is a major player in the emergence and transformation of the railroads into a primary transportation mode of business and commerce both domestically and internationally. Iconic, mutual fund investor, Warren Buffett, has added his confirmation of the shift in transportation with an 'all-in wager' in the Berkshire Hathaway $34 Billion dollar acquisition of Burlington Northern (BNSF) railroad, the 2nd largest railroad in the country. In true Buffet fashion, he is quoted on msnbc.com as saying, “Berkshire’s $34 billion investment in BNSF is a huge bet on that company, CEO Matt Rose and his team and the railroad industry. Most important of all, however it’s an all-in wager on the economic future of the United States. I love these bets” (read the entire article here). So what does that have to do with Memphis?
BNSF recently opened its $300 million "Memphis Intermodal" sort located on Lamar just north of Shelby Drive. With lift capacity in excess of 500,000 per year, the Memphis operation is reflective of the BNSF preparations for a changing focus of moving goods and products via the more 'green' railroad mode for longer distance shipping and shifting the trucking industry to more short-haul focus. The BNSF/Berkshire/Buffett combination makes a 'killer Bs' alignment for the Memphis economy. According to the BNSF website, “The expansion creates a sort of ripple effect of other new developments and growth in an area buzzing with warehouses, distribution centers and other transportation industries.” These new lifts not only help to fuel jobs and commerce locally, but they further edify Memphis’s role in the global marketplace as a transportation/distribution hub.
During difficult economic times, the major railroad companies continue to invest or have plans to invest more than $1 billion in rail infrastructure enhancements in the Memphis market.
BNSF recently opened its $300 million "Memphis Intermodal" sort located on Lamar just north of Shelby Drive. With lift capacity in excess of 500,000 per year, the Memphis operation is reflective of the BNSF preparations for a changing focus of moving goods and products via the more 'green' railroad mode for longer distance shipping and shifting the trucking industry to more short-haul focus. The BNSF/Berkshire/Buffett combination makes a 'killer Bs' alignment for the Memphis economy. According to the BNSF website, “The expansion creates a sort of ripple effect of other new developments and growth in an area buzzing with warehouses, distribution centers and other transportation industries.” These new lifts not only help to fuel jobs and commerce locally, but they further edify Memphis’s role in the global marketplace as a transportation/distribution hub.
During difficult economic times, the major railroad companies continue to invest or have plans to invest more than $1 billion in rail infrastructure enhancements in the Memphis market.
Tuesday, March 30, 2010
Year-End 2009 Market Reports
Our year-end office and industrial market reports are now available for download. Learn about the trends we are currently seeing in the Memphis commercial real estate market as well as an outlook for future growth.
You can visit our website at www.commadv.com/marketknowledge or dowload them by clicking the links below.
Office Report
Industrial Report
You can visit our website at www.commadv.com/marketknowledge or dowload them by clicking the links below.
Office Report
Industrial Report
Wednesday, March 17, 2010
Larry Jensen to Speak at Commercial Real Estate Women Luncheon
Larry Jensen, President and CEO of Commercial Advisors, is the keynote speaker at the Commercial Real Estate Women (CREW) luncheon this Thursday, March 18th at the Tower Room at Clark Tower. He will be giving his Roadshow presentation with insights about Memphis and the revelation of opportunity that exists within our community.
Tuesday, March 16, 2010
Wyatt Aiken Quoted in the Memphis Daily News
Commercial Advisors' Executive VP and COO Wyatt Aiken was recently quoted in the Memphis Daily News article: CRE Market Sweats Tight Times. You can read the article by clicking here.
Monday, March 8, 2010
An Open Letter to Our Local Congressmen
The Kauffman Foundation completed a recent study which overviewed the following historical information:
Larry Jensen
- From 1980-2005 almost ALL new jobs were created by small businesses less than five years old
- National Federation of Independent Businesses states 85% of US workers are employed by small business
- Credit is reasonably available
- Tax policy is clear and favorable to small business growth
- Healthcare craziness is settled
Larry Jensen
Thursday, March 4, 2010
Dear Mr. Forbes
Mr. Forbes,
May I ask a question? Did you or your reporter actually visit here before the recent article was written? It might have been good for someone to actually come to our 'miserable' city and discover just how good misery can be.
Just a few examples for your consideration:
1) Consistently, The Chronicle of Philanthropy cites Memphis as one of the 'most generous' cities in America in terms of support for philanthropic endeavors. Much of that focus is the faith community giving time, money, human resources and love into the poor and under-resourced areas of our community. An example might be helpful. For more than 20 years a just one faith-based organization, Neighborhood Christian Centers (www.ncclife.org), has provided caring help and services to our city’s poor and marginalized. Currently serving more than 70,000 residents each year, this organization, for example, provides food, clothing, tutoring, prenatal services, and much, much more. Or how about The Church Health Center (www.churchhealthcenter.org), which serves our city by providing cooperative health care services to many, many people on a free or reduced cost basis? How miserable!
2) There are more than 25 agencies or charter schools in our city with laser focus on 'at risk' kids. Making a difference is proven. In fact, Bill and Mylinda Gates (Read More) determined the efforts being made to address education deserved a $90+ million investment in our education efforts focused on our core city children. Misery loves company, so perhaps you could join the Gates and make a family investment in us? Maybe just writing a fully factual article could be a grand start.
3) Crime is a problem in every major city! Anyone who will take the time to research and understand the subject of national crime reporting knows statistical comparisons of crimes between metro areas are misleading and not factual. Tennessee reports in a most thorough manner, not required in most other states, thus our numbers are more accurate and therefore higher. Not to worry, our miserable crime fighting efforts in Memphis (www.memphiscrime.org) has reduced crime more than 20% in the last year and more than 15% since 2006. (That should have been reported and it is factual!) Seems someone missed those facts in their rush to misery conclusions.
4) Come on down in May and join our miserable month long celebration called Memphis in May (www.memphisinmay.org). Each year for the last 20+ years we have joined together as a community to honor a particular country. This year the country of Tunisia will be honored. There is the International Barbecue Cooking Contest, The Blues Festival, and finally the last weekend The Sunset Symphony. All of these events occur in our miserable downtown (www.downtownmemphis.com) , where more than 28,000 people live in a vibrant and renovated district just south of St. Jude Childrens' Research Hospital (www.stjude.org) campus. St. Jude has more than 4000 people who show up each day for live-saving research and medical work for the children of the WORLD!
5) Almost forgot about our innovation and entrepreneurial environment. If you ever need a bio-device such as a joint replacement you should look closely because it will likely have been made in misery in Memphis by one of the companies which lead the research and innovation globally. Global logistics and transportation have been changed by another miserable business: FedEx. I assume you occasion a grocery store which was pioneered here by Piggly Wiggly or you stay in a hotel, which is an industry developed by another misery loving company, Holiday Inn. How about changing the car parts industry to a retail business—AutoZone? Or how about our biggest employers whose headquarters grow and thrive in this miserable place: FedEx Corp, FedEx Express, International Paper, ServiceMaster, AutoZone, St. Jude, Guardsmark, Helena Chemical, Hunter Fan, ACH Foods, Lucite International and others.
6) Greenbelts and parks are a priority here. Consider how miserable it must be to have 4500 acre public park operated by a citizens' board smack in the middle of the miserable metro area with trails soon to be connecting from all over the area and people using it every for recreation and exercise. Let's see...Shelby Farms Park (www.shelbyfarmspark.org) is five (5X) larger than Central Park. Or how about our zoo (www.memphiszoo.org) which is a critically acclaimed, world class zoo operated by a public-private partnership.
Mayor AC Wharton is a national leader in urban issues and he would be a great feature story sometime. If your reporter had been to Memphis and if he had toured and talk to us, I believe the article would have been more representative. It seems he just took a bunch of research statistics and the result was he wrote a most miserable article. In any event if you and the reporter would like I am certain we could arrange a 'miserable' all expenses paid trip on one of our corporate jets and you can probably stay in the world class, five star Hotel Peabody. We'll leave the welcome mat out for you!
Miserably yours,
Larry Jensen
President & CEO
May I ask a question? Did you or your reporter actually visit here before the recent article was written? It might have been good for someone to actually come to our 'miserable' city and discover just how good misery can be.
Just a few examples for your consideration:
1) Consistently, The Chronicle of Philanthropy cites Memphis as one of the 'most generous' cities in America in terms of support for philanthropic endeavors. Much of that focus is the faith community giving time, money, human resources and love into the poor and under-resourced areas of our community. An example might be helpful. For more than 20 years a just one faith-based organization, Neighborhood Christian Centers (www.ncclife.org), has provided caring help and services to our city’s poor and marginalized. Currently serving more than 70,000 residents each year, this organization, for example, provides food, clothing, tutoring, prenatal services, and much, much more. Or how about The Church Health Center (www.churchhealthcenter.org), which serves our city by providing cooperative health care services to many, many people on a free or reduced cost basis? How miserable!
2) There are more than 25 agencies or charter schools in our city with laser focus on 'at risk' kids. Making a difference is proven. In fact, Bill and Mylinda Gates (Read More) determined the efforts being made to address education deserved a $90+ million investment in our education efforts focused on our core city children. Misery loves company, so perhaps you could join the Gates and make a family investment in us? Maybe just writing a fully factual article could be a grand start.
3) Crime is a problem in every major city! Anyone who will take the time to research and understand the subject of national crime reporting knows statistical comparisons of crimes between metro areas are misleading and not factual. Tennessee reports in a most thorough manner, not required in most other states, thus our numbers are more accurate and therefore higher. Not to worry, our miserable crime fighting efforts in Memphis (www.memphiscrime.org) has reduced crime more than 20% in the last year and more than 15% since 2006. (That should have been reported and it is factual!) Seems someone missed those facts in their rush to misery conclusions.
4) Come on down in May and join our miserable month long celebration called Memphis in May (www.memphisinmay.org). Each year for the last 20+ years we have joined together as a community to honor a particular country. This year the country of Tunisia will be honored. There is the International Barbecue Cooking Contest, The Blues Festival, and finally the last weekend The Sunset Symphony. All of these events occur in our miserable downtown (www.downtownmemphis.com) , where more than 28,000 people live in a vibrant and renovated district just south of St. Jude Childrens' Research Hospital (www.stjude.org) campus. St. Jude has more than 4000 people who show up each day for live-saving research and medical work for the children of the WORLD!
5) Almost forgot about our innovation and entrepreneurial environment. If you ever need a bio-device such as a joint replacement you should look closely because it will likely have been made in misery in Memphis by one of the companies which lead the research and innovation globally. Global logistics and transportation have been changed by another miserable business: FedEx. I assume you occasion a grocery store which was pioneered here by Piggly Wiggly or you stay in a hotel, which is an industry developed by another misery loving company, Holiday Inn. How about changing the car parts industry to a retail business—AutoZone? Or how about our biggest employers whose headquarters grow and thrive in this miserable place: FedEx Corp, FedEx Express, International Paper, ServiceMaster, AutoZone, St. Jude, Guardsmark, Helena Chemical, Hunter Fan, ACH Foods, Lucite International and others.
6) Greenbelts and parks are a priority here. Consider how miserable it must be to have 4500 acre public park operated by a citizens' board smack in the middle of the miserable metro area with trails soon to be connecting from all over the area and people using it every for recreation and exercise. Let's see...Shelby Farms Park (www.shelbyfarmspark.org) is five (5X) larger than Central Park. Or how about our zoo (www.memphiszoo.org) which is a critically acclaimed, world class zoo operated by a public-private partnership.
Mayor AC Wharton is a national leader in urban issues and he would be a great feature story sometime. If your reporter had been to Memphis and if he had toured and talk to us, I believe the article would have been more representative. It seems he just took a bunch of research statistics and the result was he wrote a most miserable article. In any event if you and the reporter would like I am certain we could arrange a 'miserable' all expenses paid trip on one of our corporate jets and you can probably stay in the world class, five star Hotel Peabody. We'll leave the welcome mat out for you!
Miserably yours,
Larry Jensen
President & CEO
Monday, February 15, 2010
Lease Accounting Changes
There is a most likely huge, huge change about to occur in the way real estate leases are treated from an accounting perspective. It is a game changer being considered for implementation in 2012 and there will be no 'grandfathering' of existing leases. Click Here to review the Business Briefing-Special Edition from Cushman & Wakefield for more detailed insights.
Commercial Advisors Represents Smith & Nephew in the Purchase of its New Orthopaedics HDQ
Commercial Advisors, LLC is proud to announce that it represented Smith & Nephew (S&N) in the purchase of its new orthopaedics headquarters at 7216 Goodlett Farms Parkway in Memphis, Tennessee. The 285,315 square foot building was previously owned by Harrah’s Entertainment and also includes 31 acres of land.
The new headquarters is located in the Goodlett Farms Office Corridor at I-40 and Whitten Rd in the Northeast Office Submarket. This area has seen a large amount of activity in the past year as many corporations have taken note of its central location and close proximity to residential and retail areas. S&N will soon be neighboring such companies as Hunter Fan, Stratus Foods, Accredo, FedEx and Regions Bank.
Smith & Nephew’s new facility will allow it to expand its orthopaedics headquarters in the region and in turn create 160 new jobs for the area. S&N already employs more than 2,000 people in Shelby County and received a $6.2 million, 15-year payment-in-lieu-of-taxes agreement from the Memphis and Shelby County IDB for the new location.
The Commercial Advisors team was lead by CA President & CEO, Larry Jensen, and Senior Vice President Kemp Conrad. S&N will expand its current campus on Brooks Road and is expected to move into the new space in August 2010.
The new headquarters is located in the Goodlett Farms Office Corridor at I-40 and Whitten Rd in the Northeast Office Submarket. This area has seen a large amount of activity in the past year as many corporations have taken note of its central location and close proximity to residential and retail areas. S&N will soon be neighboring such companies as Hunter Fan, Stratus Foods, Accredo, FedEx and Regions Bank.
Smith & Nephew’s new facility will allow it to expand its orthopaedics headquarters in the region and in turn create 160 new jobs for the area. S&N already employs more than 2,000 people in Shelby County and received a $6.2 million, 15-year payment-in-lieu-of-taxes agreement from the Memphis and Shelby County IDB for the new location.
Wednesday, February 10, 2010
Larry Jensen to Speak at the 2010 Commercial Property Forecast Summit
Commercial Advisors' President and CEO Larry Jensen will be a featured speaker this year at the annual Memphis Area Association of Realtors Commercial Property Forecast Summit. The event will be held Wednesday, February 17, 2010 at the Germantown Performing Arts Center. Guest speakers will be giving their perspectives on economic and market trends affecting commercial real estate both locally and nationally.
For his part, Jensen will be speaking about positives for the future of Memphis Commercial Real Estate. In an interview about the summit, he is quoted as saying, "You play the best you can with the cards you're dealt. A lot of Memphis' cards are terrific, he said, including: New leadership in Mayor A C Wharton; the city's emerging aerotropolis and world-class airport; the city's five major railroads; and growing bioworks industry."
Click here to read the Commercial Appeal article in its entirety. To learn more about the summit, click here.
For his part, Jensen will be speaking about positives for the future of Memphis Commercial Real Estate. In an interview about the summit, he is quoted as saying, "You play the best you can with the cards you're dealt. A lot of Memphis' cards are terrific, he said, including: New leadership in Mayor A C Wharton; the city's emerging aerotropolis and world-class airport; the city's five major railroads; and growing bioworks industry."
Click here to read the Commercial Appeal article in its entirety. To learn more about the summit, click here.
Cheri Gets the Cheese!
Friday, February 5, 2010
Introducing Jeff Barry
Wednesday, January 27, 2010
Monday, January 11, 2010
Wyatt Aiken Named COO
Wyatt Aiken has been named Chief Operating Officer/ Executive Vice President of Commercial Advisors, LLC. In this role, he will assume responsibility for the day-to-day operations and leadership of the Commercial Advisors.
Aiken has more than twenty-five years of experience in commercial real estate and is one of the founding brokers of Commercial Advisors (formerly Commercial Tennessee, Inc.) in 1992. Prior to the inception of Commercial Tennessee, Aiken worked as Director and Branch Manager with the Cushman and Wakefield. Mr. Aiken also worked from 1983 to 1988 as a leasing agent and marketing principal for the Trammell Crow Company.
Aiken has more than twenty-five years of experience in commercial real estate and is one of the founding brokers of Commercial Advisors (formerly Commercial Tennessee, Inc.) in 1992. Prior to the inception of Commercial Tennessee, Aiken worked as Director and Branch Manager with the Cushman and Wakefield. Mr. Aiken also worked from 1983 to 1988 as a leasing agent and marketing principal for the Trammell Crow Company.
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