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John Elkington's involvement with the redevelopment of historic Beale Street in downtown Memphis began in 1982. After decades of decline and an ill-conceived urban renewal program that left the formerly vibrant area desolate and the street lined with empty, crumbling buildings, John Elkington agreed to lead the development and management of the massive project.
The company was founded in 1977 by George E. Cates. [3] In 1993, the company was organized as a real estate investment trust. [1] In February 1994, the company acquired The Cates Company from George E. Cates and became a public company via an initial public offering. [3] In March 2009, founder George E. Cates retired. [3]
The property owner in this case signs a property management agreement with the company, giving the latter the right to let it out to new tenants and collect rent. The owners don't usually even know who the tenants are. The property management company usually keeps 10-15% of the rent amount and shares the rest with the property owner.
In 1982, the City of Memphis recommended that the BSDC hire a management company led by John A. Elkington to assist in the development of the street by securing new tenants, collecting rents and handling certain maintenance and security issues. Each new lease had to be agreed upon by BSDC, the City of Memphis and the management company, Performa.
MANE STREET MEMPHIS: Almost 300 new apartments are coming to Legacy at Colonial in Cordova. Murray said Memphis-based River City Management Group will take over operations with Courtside Grill ...
The company was formed through the merger of AMB Property Corporation and Prologis in June 2011, which made Prologis the largest industrial real estate company in the world. [6] [7] As of December 2022, the company owned 5,495 buildings comprising about 1.2 billion square feet [8] in 19 countries across North America, Latin America, Europe, and ...
SMG, formerly Spectacor Management Group, was an American worldwide venue management group headquartered in West Conshohocken, Pennsylvania, that specialized in managing publicly owned facilities. It began their operation in 1977 with management of the Louisiana Superdome. It was one of the largest property management corporations in the world. [1]
Newmark was founded in 1929 [5] [6] in Manhattan by Dave Newmark. [7] [8]In 1953, Aaron Gural joined Newmark & Company as a real estate broker, later purchasing the company in 1956 with partners.