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Business briefs for April 28, 2016

MAAR names top performers

MEMPHIS — The Memphis Area Association of Realtors Commercial Council honored the top performers in commercial real estate for 2015 at the 15th Annual Pinnacle Awards gala held earlier this month at the Memphis Botanic Garden.

Coming away with the evening’s highest honors were Commercial Hall of Fame inductee Phillip McNeill, Commercial Broker of the Year Joe Steffner, of Newmark Grubb Knight Frank, and Legacy Award winner Gene Woods.

The Community Impact Award went to Crosstown Concourse.

Awards also were handed out in Broker-of-the-Year categories as follows:

  • Industrial Tenant: Russ Westlake, Jones Lang LaSalle
  • Industrial Landlord: Tim Mashburn, Colliers International Memphis
  • Office Sales and Industrial Sales: Johnny Lamberson, CB Richard Ellis Memphis
  • Multifamily Sales: Blake Pera, ARA Newmark
  • Retail Sales: Brian Califf, NAI Saig Company
  • Office Leases Tenant: Kelly Truitt, CB Richard Ellis Memphis
  • Office Leases Landlord: Ron Kastner, CB Richard Ellis Memphis
  • Retail Leases Tenant: Robert Sloan, The Shopping Center Group
  • Retail Leases Landlord: Jason Polley, StoneCrest Investments
  • Land Sales: Stephen Steinbach, UrbanInsites
  • Newcomer of the Year: Austin Ehrat, CB Richard Ellis Memphis
  • Grit & Grind: Tanis Hackmeyer, Hackmeyer Realty

MLGW: Winter bills were lowest since 2007

MEMPHIS — Memphis Light, Gas and Water Division customers continued to reap the benefits of low natural gas prices, according to MLGW spokesmen. The average residential natural gas bill for the winter of 2015-16 was $54.11, down 59 percent or $78.12 since peaking in 2007. As a result, the average total winter residential utility bill has also fallen 30 percent, or $67.70, to $157.23 compared to 2007-08.

For the past several years, MLGW has posted the lowest combined residential utility bill among 50 cities surveyed. That trend continued this year.

“That’s something which customers can appreciate because it improves their quality of life and their standard of living because they don’t have to spend so much on utilities,” said Jerry Collins Jr., MLGW president and CEO.

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