{"id":1004052074,"date":"2012-01-21T19:48:22","date_gmt":"2012-01-22T03:48:22","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=32090"},"modified":"2025-02-25T23:44:01","modified_gmt":"2025-02-26T07:44:01","slug":"morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\/","title":{"rendered":"Morgan Keegan Deal Expected to Close During First Quarter of 2012"},"content":{"rendered":"

By Amalia Otet, Associate Editor<\/p>\n

Regions Financial Corp. has entered into a stock purchase agreement to sell Morgan Keegan & Co. Inc., its Memphis-based investment unit, to Raymond James Financial Inc., for $930 million. The transaction is expected to close during the first quarter, subject to regulatory approvals and customary closing conditions, according to a company spokesperson.<\/p>\n

\u201cOur businesses have grown significantly over the past decade as part of the Regions family,” John Carson, CEO of Morgan Keegan stated in a press statement. \u201cAs we enter a new era for the firm, we are excited by the opportunity to continue providing outstanding service to our individual and institutional clients as part of Raymond James.\u201d<\/p>\n

The deal is expected to have a big impact on the local office real \"\"<\/a>estate market as the two companies currently occupy more than 320,000 square feet of office space in Memphis, according to the Memphis Business Journal<\/em>. Morgan Keegan has offices in Morgan Keegan Tower on Front Street, where it occupies 242,000 square feet; it also leases 58,000 square feet in Boyle Investment Co.\u2019s Ridgeway Center at 1100 Ridgeway Loop, in East Memphis.<\/p>\n

Raymond James’ footprint in the Memphis market includes about 12,000 square feet on the ninth floor of the Crescent Center at Ridgeway Road and Poplar Avenue; and 8,100 square feet at Renaissance Center, an East Memphis office building located on Aaron Brenner Drive.<\/p>\n

In other news, the Commercial Appeal<\/em> reports that the Canadian National Railway (CN) got the green light from the Memphis-Shelby County Port Commission to proceed with its expansion project in Memphis. CN will be able to buy up to 800 acres in Frank C. Pidgeon Industrial Park as agreed with Port of Memphis officials. The plan is to develop the 800 acres to create a new logistics park that could evolve into a $300 million project that would employ around 5,000 people.<\/p>\n

Image courtesy of Wikimedia Commons user Hellohowareyoudoing (talk).<\/p>\n","protected":false},"excerpt":{"rendered":"

By Amalia Otet, Associate Editor
\nRegions Financial Corp. has entered into a stock purchase agreement to sell Morgan Keegan & Co. Inc., its Memphis-based investment unit, to Raymond James Financial Inc., for $930 million. The transaction is expected to close during the first quarter, subject to regulatory approvals and customary closing conditions, according to a company […]<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004052074","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\nMorgan Keegan Deal Expected to Close During First Quarter of 2012 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morgan Keegan Deal Expected to Close During First Quarter of 2012\" \/>\n<meta property=\"og:description\" content=\"By Amalia Otet, Associate Editor Regions Financial Corp. has entered into a stock purchase agreement to sell Morgan Keegan & Co. Inc., its Memphis-based investment unit, to Raymond James Financial Inc., for $930 million. The transaction is expected to close during the first quarter, subject to regulatory approvals and customary closing conditions, according to a company [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-01-22T03:48:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T07:44:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/01\/Morgan-Keegan-Tower.jpg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Morgan Keegan Deal Expected to Close During First Quarter of 2012\",\"datePublished\":\"2012-01-22T03:48:22+00:00\",\"dateModified\":\"2025-02-26T07:44:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\\\/\"},\"wordCount\":321,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/01\\\/Morgan-Keegan-Tower.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\\\/\",\"name\":\"Morgan Keegan Deal Expected to Close During First Quarter of 2012 - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/01\\\/Morgan-Keegan-Tower.jpg\",\"datePublished\":\"2012-01-22T03:48:22+00:00\",\"dateModified\":\"2025-02-26T07:44:01+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\\\/#primaryimage\",\"url\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/01\\\/Morgan-Keegan-Tower.jpg\",\"contentUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/01\\\/Morgan-Keegan-Tower.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Morgan Keegan Deal Expected to Close During First Quarter of 2012\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\",\"name\":\"Adriana Pop\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Adriana.jpg?w=91\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Adriana.jpg?w=91\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Adriana.jpg?w=91\",\"caption\":\"Adriana Pop\"},\"description\":\"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https:\\\/\\\/www.linkedin.com\\\/in\\\/ioana-adriana-pop-811772108\\\/.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/adriana-pop\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Morgan Keegan Deal Expected to Close During First Quarter of 2012 - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\/","og_locale":"en_US","og_type":"article","og_title":"Morgan Keegan Deal Expected to Close During First Quarter of 2012","og_description":"By Amalia Otet, Associate Editor Regions Financial Corp. has entered into a stock purchase agreement to sell Morgan Keegan & Co. Inc., its Memphis-based investment unit, to Raymond James Financial Inc., for $930 million. The transaction is expected to close during the first quarter, subject to regulatory approvals and customary closing conditions, according to a company [...]","og_url":"https:\/\/www.commercialsearch.com\/news\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2012-01-22T03:48:22+00:00","article_modified_time":"2025-02-26T07:44:01+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/01\/Morgan-Keegan-Tower.jpg","type":"","width":"","height":""}],"author":"Adriana Pop","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\/"},"author":{"name":"Adriana Pop","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad"},"headline":"Morgan Keegan Deal Expected to Close During First Quarter of 2012","datePublished":"2012-01-22T03:48:22+00:00","dateModified":"2025-02-26T07:44:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\/"},"wordCount":321,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/01\/Morgan-Keegan-Tower.jpg","articleSection":["News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\/","url":"https:\/\/www.commercialsearch.com\/news\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\/","name":"Morgan Keegan Deal Expected to Close During First Quarter of 2012 - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/01\/Morgan-Keegan-Tower.jpg","datePublished":"2012-01-22T03:48:22+00:00","dateModified":"2025-02-26T07:44:01+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/01\/Morgan-Keegan-Tower.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/01\/Morgan-Keegan-Tower.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/morgan-keegan-deal-expected-to-close-during-first-quarter-of-2012\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Morgan Keegan Deal Expected to Close During First Quarter of 2012"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad","name":"Adriana Pop","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","caption":"Adriana Pop"},"description":"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https:\/\/www.linkedin.com\/in\/ioana-adriana-pop-811772108\/.","url":"https:\/\/www.commercialsearch.com\/news\/author\/adriana-pop\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004052074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/260"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004052074"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004052074\/revisions"}],"predecessor-version":[{"id":1004530923,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004052074\/revisions\/1004530923"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004052074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004052074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004052074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}