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Editorial Results (free)

1. Changing Landscape -

A “high-end” grocery store chain not currently serving the Memphis market has leased the shuttered former Kroger store at 9050 U.S. 64 in Lakeland and should open in the spring, according to a Lakeland official.

2. Fight to Save Printers Alley a Family Affair -

“How does it feel to be on your own?” Fritz Hester turns Dylan’s “Like a Rolling Stone” into a surging blues tune that spills out of the Bourbon Street Blues and Boogie Bar into the thick, cigarette and beer-flavored humidity stifling Printers Alley

3. Hit Factory -

The massive trees and the shade they make are the only thing left on the northwest corner of Danny Thomas Boulevard and Chelsea Avenue from the days when American Studios turned out 120 hit records from 1965 to 1972.

4. Brooks Residency Issue Grows More Political -

Shelby County Commissioners seemed to settle one question Monday, July 7, about the residency challenge of Commissioner Henri Brooks.

They voted to make a determination of their own on whether she violated the residency clause of the county charter by moving out of the Midtown house she listed as her home address for years and continuing to use the address.

5. More ‘Unicorns,’ More Rosenfelt -

When I wrote about the 2014 Little Rock Film Festival, I reviewed, in three paragraphs, “I Believe in Unicorns.” This just in from that film’s director, Leah Myerhoff: “I appreciate your thoughtful response to the film. However, [please] make one correction: the lead actress is Natalia Dyer, not Amy Seimetz.”

6. Conn’s Plans Home Store in Memphis -

Texas-based retailer Conn’s will be opening a store in Southeast Memphis, one of possibly three stores the home appliances and furnishings chain plans to open in Tennessee.

The retailer will open a Conn’s HomePlus in May in 42,296 square feet at the Cross Creek Shopping Center at Riverdale and Tenn. 385 that Babies “R” Us vacated.

7. New Housing Option Comes to Victorian Village -

Florence Hervery had been thinking about the next phase of her life for some time.

The 55-year-old Whitehaven resident had been mulling over a move Downtown, but she wanted a home, not a condominium or apartment, and was hesitant to move into the bustling Downtown core.

8. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

9. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

10. Plans in Works for Dormant Midtown Project -

City officials are working on plans to kick-start the dormant Washington Bottoms project at Poplar Avenue and Cleveland Street in Midtown.

Memphis Housing and Community Development director Robert Lipscomb confirmed that he is working on the effort but said he was not yet able to release detailed information on the project.

11. Christmas Coming Home -

CHRISTMAS TIME. Every Christmas I tell this story, and in the telling Christmas comes home.

It was my first time to England and overseas, and prime time for The Beatles, The Rolling Stones and Soho.

12. Shopping Center Group Moving to New Office -

The Shopping Center Group LLC is moving to a new office.

The Memphis office of the Atlanta-based retail real estate brokerage firm, which leases a total of approximately 4 million square feet of retail space and represents 100 retailers, is moving from 773 E. Brookhaven Circle to 5101 Wheelis Drive, Suite 106, at Clark Centre.

13. Shopping Spree -

Retailers have been gearing up for a frenzied Black Friday, marking the beginning of the holiday shopping season, but industry experts expect a lukewarm year compared to moderate growth in 2012.

Both nationally and locally, many stores opened earlier than ever before in an attempt to capture customers before their competitors and maximize a shorter-than-usual shopping season.

14. Square Roots -

Breakaway Running owner Barry Roberson was blown away by the crowds who visited his new Overton Square store, which opened Oct. 30.

15. ‘Handle With Care’ -

Once the settlement of a lawsuit over control of Beale Street is complete, the administration of Memphis Mayor A C Wharton Jr. plans on issuing requests for firms to manage and develop the thriving entertainment district.

16. Saddle Creek Growth Sign of Future for City -

The Shops of Saddle Creek is in store for a multimillion-dollar makeover and expansion, a project that will likely be the first of several development dominoes to fall in Germantown.

Texas-based Trademark Property Co., which has operated the retail center since 2011, will expand the portion of the 148,000-square-foot lifestyle center on the southwest side of Poplar Avenue and West Street in Germantown.

17. Prescription for Success -

It’s been nearly a decade since the Memphis medical community and city leaders teamed up to create a master plan for what they called the Memphis Medical Center.

The district – which follows the main corridors of Union and Madison avenues and extends from Danny Thomas Boulevard to Cleveland Street and from Peabody Avenue to the Interstate 240 loop – already was home to more than 40 organizations that specialized in everything from clinical care to research. But the Memphis Medical Center organizers wanted to improve safety and promote overall economic development, including commercial, retail and residential real estate.

18. Hester Builds Know-How in Commercial Construction -

Len Hester is a project manager for Grinder Haizlip Construction Co., a general contractor that specializes in industrial and commercial projects and has worked on high-profile projects such as the Wright Medical Technology Inc. headquarters in Arlington, New Ballet Ensemble, the Grizzlies Sportsplex and the renovation of Memphis Theological Seminary.

19. Flowers Foods Buys Former Hostess Bakery -

An affiliate of Thomasville, Ga.-based Flowers Foods Inc. has paid $1.8 million for the former Hostess Wonder Bread bakery at 400 Monroe Ave. Downtown.

20. Midtown Mix -

Go by Overton Square during lunch or at night, and the place is usually overflowing with visitors – some who want lunch, dinner or a libation, and some who come just to enjoy the simple pleasure of people-watching.

21. Change of Scenery -

After spending years or decades in their current form, longtime staples of the local real estate scene are about to disappear or undergo major changes that will forever alter the city’s built landscape.

22. Historic Transformation -

Around nine years ago Scott Blake was walking to St. Mary’s Episcopal Cathedral when he noticed a window in the tower at the historic James Lee House in Victorian Village had been blown out, exposing it to the elements.

23. St. Jude: Local Resource With Global Impact -

Last week we highlighted The Blues Foundation, which is Memphis-based and focused on the past, present and future of the music genre. This week let us spotlight the iconic Memphis institution that is a world leader in the fight against childhood cancer and other deadly diseases: St. Jude Children’s Research Hospital.

24. Commission to Consider Residency Ballot Item -

Shelby County Commissioners take a final vote Monday, April 1, on a referendum ordinance that would do away with county government’s residency requirement for employment.

The commission meets at 1:30 p.m. at the Vasco Smith County Administration Building, 160 N. Main St.

25. Rediscovering the Past -

High-rise office buildings surround it on two sides and even the multistoried rectory at St. Peter Catholic Church offers a downward view of the Magevney House on Adams Avenue, east of Third Street.

26. Schools Questions Dominate County Commission Agenda -

Shelby County Commissioners approved on the second of three readings Monday, Feb. 25, an ordinance that gives Memphis City Schools teachers living outside Shelby County five years to move within Shelby County.

27. Startup Conference Billed as ‘Must Attend’ -

Scott Case, the founding chief technology officer of Priceline.com and Startup America CEO, had some words of praise for Memphis and Tennessee while on a panel at November’s Ernst & Young Strategic Growth Forum in Palm Springs, Calif.

28. ‘Judge-Sicle’ Murder Mystery Thrills to the End -

How could I not read the latest David Rosenfelt novel, “Airtight?” How could I not?! The author’s very publicist himself sent me an advance reading copy, asking that I do so. That, plus the book starts out with the murder of a judge, and I obviously want that case cracked, right?

29. Christmas Coming Home -

CHRISTMAS TIME Every Christmas I tell this story, and in the telling Christmas comes home.

It was my first time to England and overseas, and prime time for The Beatles, The Rolling Stones and Soho.

30. Delek Buys Lion Oil Facility for $6.4 Million -

1023 Riverside Drive Memphis, TN 38106

Sale Amount: $6.4 million

Sale Date: Nov. 7, 2012

31. New Panera Underscores Midtown’s ‘Tipping Point’ -

Panera Bread Co. is coming to one of Midtown’s busiest streets following years of site selection in the area.

32. Free People Set to Open in Saddle Creek -

Free People, a high-end women’s retailer of apparel and other items, will open at The Shops of Saddle Creek in Germantown on Friday, Sept. 14.

The Philadelphia-based retailer fills part of the space formerly occupied by Gap, in between the new Brighton Collectibles and Anthropologie. The location marks Free People’s second boutique in Tennessee, after a location in Nashville.

33. Free People to Open in Saddle Creek -

Free People, a high-end women’s retailer of apparel and other items, will open at The Shops of Saddle Creek in Germantown on Friday, Sept. 14.

The location marks the Philadelphia-based retailer’s second boutique in Tennessee, after a location in Nashville. The 2,000-square-foot space will feature a “Blacksmith Cottage” concept, the brand’s second store with this design, and the first of its kind in the U.S.

34. Free People to Open in Saddle Creek -

Free People, a high-end women’s retailer of apparel and other items, will open at The Shops of Saddle Creek in Germantown on Friday, Sept. 14.

The Philadelphia-based retailer fills part of the space formerly occupied by Gap, in between the new Brighton Collectibles and Anthropologie. The location marks Free People’s second boutique in Tennessee, after a location in Nashville.

35. History for Sale -

Three historic properties in the Midtown and Downtown areas are on the market, all listed with major Memphis commercial real estate firms.

The most recent listing is the Hunt-Phelan house at 533 Beale St., priced at $2.9 million with Henry Stratton and Andy Cates of Colliers International Memphis. The mansion has hosted guests including Ulysses S. Grant, Jefferson Davis, Andrew Jackson and Andrew Johnson.

36. Bill Clinton Visits Child Patients at St. Jude -

MEMPHIS (AP) – Former President Bill Clinton says research being done at St. Jude Children's Research Hospital in Memphis is helping increase the survival rate for children who have cancer.

37. Benz Repair Shop to Open On Cooper St. -

A high-end automobile maintenance and repair shop soon will be added to Cooper-Young’s booming portfolio of local businesses.

Shane Herbers, founder of Midtown Motor Werks, has leased 5,000 square feet at 795 S. Cooper St. from Richard Sullivan.

38. ‘Washington Courtyard’ Sells For $900K -

A trio of office buildings at Washington Avenue and Danny Thomas Boulevard has traded hands for $900,000.

Investment group 301 WA LTD LLC of Arizona purchased the assets from Gregory Realty GP. Brian Califf of NAI Saig Co. represented the seller.

39. AP: Lisa Marie Presley Talks About New Exhibit -

MEMPHIS (AP) – There's a glass case in a room on Graceland's first floor that holds a small white fur coat, a photo album of Elvis Presley's family and a blue record player used by his daughter, Lisa Marie.

40. AP: Lisa Marie Presley Talks About New Exhibit -

MEMPHIS (AP) – There's a glass case in a room on Graceland's first floor that holds a small white fur coat, a photo album of Elvis Presley's family and a blue record player used by his daughter, Lisa Marie.

41. Spurs Hand Grizzlies 4th Straight Loss, 83-73 -

MEMPHIS (AP) – The San Antonio Spurs hardly looked like an aging team playing the second night of a back-to-back.

But the Memphis Grizzlies sure appeared to be a team still in a haze from a four-game road trip.

42. Patrick Travels Long Road Before Opening Rizzos -

Michael Patrick came to Memphis in 1997. Things are finally starting to look up.

“Well, maybe that’s an exaggeration,” the chef said, sitting at the front sun-drenched table in his three-month-old Rizzos Diner. “At certain times, my time in Memphis has been disappointing. Sometimes it was going great, and then I had the carpet pulled out from under me. I got the rep of a person who had too many jobs.”

43. Ghosts Of Christmas Past, Revisited -

CHRISTMAS TIME It was my first time to England, first time overseas and prime time for The Beatles, The Rolling Stones, Soho and the rocking HQ for the whole British invasion.

It was time to discover pubs, and Scottish eggs, bubble & squeak and spotted dick. Time to discover that bitter, served warm, is twice as strong as our brew, that a British pint holds 20 oz. instead of our 16, and that all of that explains why your knees don’t work after three of them.

44. Supreme Court Website Provides Civil Legal Help -

The Tennessee Supreme Court has created a website targeted especially for people who can’t afford a lawyer and need help with civil legal matters.

JusticeForAllTN.com includes court forms, resource pages for individual counties, court alternatives, help with finding a lawyer and more. In essence, it seeks to be a one-stop-shop for anyone who needs a lawyer to help with all or part of a case, who needs to find an agency to help with a legal problem or who wants more information about representing themselves.

45. ‘Santa Claus’ Makes 100th Visit to Kids at St. Jude -

The children at St. Jude Children’s Research Hospital in Memphis celebrated Christmas in the lobby of the Chili’s Care Center Monday, Dec. 19, with crafts, holiday treats and a special visit from Old St. Nick.

46. Most American Airlines Fliers to See Little Impact -

NEW YORK (AP) – For most of the 240,000 passengers who fly American Airlines each day, the airline's bankruptcy filing should have little noticeable impact.

American continues to operate flights, honor tickets and take reservations. It says its frequent-flier program will be unaffected.

47. Butler Snow’s Van Horn Sworn in as TBA President -

When Danny Van Horn left Memphis in 1990 to pursue his undergrad degree at the University of Tennessee-Knoxville, he swore he would wind up anywhere but back home where he started.

48. Renewed Vision -

Victorian Village Inc. executive director Scott Blake has spent the past five years diligently working to revitalize the neighborhood he calls home, and a slew of recent projects indicate Victorian Village could be on the cusp of a renaissance.

49. City Eyes End to Public Housing Projects -

Chain link fences went up around the four Memphis Housing Authority high-rises earlier this month.

The renovation work that is about to begin on the public housing units in the next year comes as the city prepares to begin demolition of Cleaborn Homes on April 12.

50. States Push Harder for Online Sales Tax Collection -

SAN FRANCISCO (AP) – Tax-free shopping is under threat for many online shoppers as states facing widening budget gaps increasingly pressure Amazon.com Inc. and other Internet retailers to start collecting sales taxes from their residents.

51. Ghost of Christmas Past -

Christmas time. It was my first time to England, first time overseas, and prime time for The Beatles, The Rolling Stones, Soho and the rocking HQ for the whole British invasion.

It was time to discover pubs, and Scottish eggs, bubble & squeak and spotted dick. Time to discover that bitter, served warm, is twice as strong as our brew, that a British pint holds 20 oz. instead of our 16, and that all of that explains why your knees don’t work after three of them.

52. Real Estate Recycling -

If sustainability is defined as reuse of land and/or structures for new purposes, Hickory Hill may be the capital of the concept in Memphis.

Consider New Direction Christian Church, which found a home in a vacant big box store and now plans to transform a vacant and blighted apartment complex into a charter middle and high school with a performing arts center. The bulldozers began demolishing the Marina Cove apartments complex last month.

53. Chipotle to Open First Memphis Locale -

A Mexican eatery will be the latest tenant to occupy space in one of Memphis’ most populated areas, where it is joining several corporate retail giants.

Chipotle Mexican Grill Inc. has leased 2,400 square feet of space in Ridgeway Trace center, 5963 Poplar Ave. It will be Denver-based Chipotle’s first Memphis-area restaurant.

54. Alabama Avenue Could Become Residential Corridor -

For years, the stretch of Alabama Avenue between Danny Thomas Boulevard and Poplar Avenue has been both a traffic shortcut and a hotspot for illegal drug sales and violent crime.

For the last year, there has been some very different activity.

55. Few Engineering Firms Credit Stimulus For Survival -

The federal stimulus program has been very, very good to the Pickering Firm Inc., a Memphis-based engineering company.

56. Realtor Jobs Aren’t Business as Usual -

When people think of the term “small-business owner,” thoughts of the guy who owns the local liquor store or the woman who opens up a beauty shop come to mind.

But upon closer inspection, there are many small-business owners who don’t fit neatly into what is generally thought of as a small mom-and-pop operation.

57. Target Bolsters Local Presence -

Target Corp. wants more of its Memphis-area customers to be able to add beer and additional grocery items to shopping lists that already include the chain’s home accessories and latest fashions.

58. Brother Juniper’s: Proud of its Best Breakfast Status -

Brother Juniper’s – long known as having one of the best breakfasts in town – took a brave step about 18 months ago: It went breakfast only.

Most eateries must be open for at least two meals to be profitable, but owner Jonathan Koplin, 63, took a calculated risk.

59. Midtown Target -

Two years ago this month, awed silence greeted real estate developer Tom Marsh as he clicked through slides and walked a neighborhood group through his team’s plan.

60. Daq Drama Raises More Ownership Questions -

The case of a Southeast Memphis restaurant with no beer permit, beer for sale and a complex ownership history got more curious last week as the saga appeared to come to an end.

Keevon Morgan, the Nashville man who said he was the owner of The Daq, took the Fifth before the Shelby County Beer Board when members asked him more questions about the club’s ownership.

61. Largely Misunderstood, Probate Work Still Sought After -

It is the smallest office of the clerk’s positions on the May 5 primary ballot.

But because the Probate Court Clerk’s Office and the court's two divisions deal primarily with wills and estates, it might be the one office that begins with the simplest mission.

62. Daq Beer Question Looms Larger -

After one of several rounds of questions about his business last week, Keevon Morgan of Nashville said he thought he got caught in a political squeeze.

The comment came as the deputy county attorney, members of the Shelby County Beer Board and their attorney closed the board’s meeting Thursday to talk in private – presumably about who owns the restaurant Morgan recently opened in Southeast Shelby County.

63. Beer Board Head Reacts to Alleged Influence Ploy -

 The head of the local Beer Board has complained that a deputy administrator to the County Commission tried to influence the board’s decision on a Hacks Cross Road business.

The complaint from Merrick Horne touched off an internal county government investigation last month in which commissioner James Harvey, Deputy Administrator for the Commission Clay Perry and attorney Ricky E. Wilkins gave sworn statements.

64. UPDATE: Beer Beef Prompts Probe -  

The head of the Shelby County Beer Board has complained that a deputy administrator to the Shelby County Commission tried to influence the board’s decision on a Hacks Cross Road bar.

The complaint from Merrick Horne touched off an internal county government investigation last month in which commissioner James Harvey, Deputy Administrator for the Commission Clay Perry and attorney Ricky E. Wilkins gave sworn statements.

Perry is running in the May 4 Democratic primary for Probate Court clerk. Harvey, a Democratic county commissioner, is seeking re-election in the same set of primaries.

At the center of the controversy is a beer permit sought by the owners of a recently opened nightspot called The Daq.

Danny Shaw, a real estate agent and acquaintance of Perry and Harvey, left a phone message for Harvey seeking help when a Beer Board vote was delayed last month. Shaw called on behalf of the alleged owner, Keevon Morgan, of Nashville.

In a report released Monday, Deputy County Atty. Danny Presley concluded the episode “was clearly an attempt by Mr. Shaw to circumvent the proper procedures of the Shelby County Beer Board by contacting an elected official and a high-ranking staff member of said body to achieve a certain result, which was the speedy issuance of a beer permit for Mr. Morgan.”

Presley concluded Shaw “enjoyed a comfortable familiarity with both Clay Perry and Commissioner Harvey.”

“It is critical to note that, notwithstanding the clear appearance of utilizing political influence to circumvent the process, there is no evidentiary proof at this time that either Mr. Perry or Commissioner Harvey accepted or solicited any form of gratuity in exchange for their services,” Presley wrote.

Neither Harvey nor Horne could be reached by press time.

The Beer Board, at its March 18 meeting, delayed action on the beer permit when it couldn’t determine who the owner of the nightspot was.

There were two leases, and as the board’s staff investigated, they got conflicting answers on which lease was valid, as they called and contacted the various names on both sets of paperwork.

The Daq held its grand opening days later, on March 22, without a beer permit.

Horne said he drove by, saw the opening and went in where he talked to someone else who said they were the owner.

On the day of the grand opening, Shaw left a message at the commission offices for Harvey, according to a County Commission e-mail. Perry was copied on the e-mail, which is a routine procedure in handling calls to commissioners.

The next evening, March 23, Horne got a call at home from Perry asking if the board could call a special meeting.

Horne said Perry asked what could be done to speed the application process for The Daq.

Perry agreed that he quizzed Horne about possibly calling a special meeting to consider The Daq’s permit application.

“Clay then inferred that the owners were ‘connected.’ (I took that to mean politically, although I cannot remember the specific statement to quote.),” Horne wrote.

Perry denied saying anything like that or trying to imply any kind of political power.

“I haven’t been paid anything,” Perry is quoted as saying at one point in the interview.

Perry said Harvey never discussed the matter with him, and that Harvey had not talked with Kenny Shaw before Perry called Horne.

Perry said Shaw made it “perfectly clear” that Morgan wanted a specially called meeting.

Harvey said he talked with Shaw.

“I said, ‘Call Clay and tell him what your problem is and he will let me know what I need to do thereafter,’” Harvey told Presley.

Perry called the investigation “silly” and “politically motivated,” as well as politically timed. The report surfaced the same week that early voting began in advance of the primaries.

Perry said he was responding to a call from a constituent, a primary task of the commission staff.

“You can write it any way you want, and in the end, I’m still staff,” Perry told The Daily News. “I’ve been doing constituent service for 15 years. That’s all that was – constituent service.”

Presley said the investigation was prompted by a phone call from Horne and authorized by Shelby County Commission chairwoman Joyce Avery. Perry said he is to meet Monday with Avery.

The Beer Board’s next meeting is Thursday . Presley told The Daily News at that time, the board will consider new questions about who owns The Daq.

“Unfortunately, there is a rather stark inconsistency or discrepancy between what was represented back on March 18 and what we received in document form,” Presley said.

Horne told Presley that after last month’s vote to delay, Wilkins asked how long it would take The Daq to get a permit. Wilkins is an assistant county attorney hired to advise the Beer Board.

Wilkins denied any attempt to sway Horne or the board.

“No one has lobbied anybody that I know of on the planet Earth about this application,” he told Presley. “I don’t know these people. I have had no affiliation with any of these people.”

Note: An earlier version of this story contained an incorrect location for The Daq. We regret the error.

...

65. Companies Share Space, Expertise -

Bringmor Group LLC, an administrative management recruiting firm, and Eagle Medical Staffing, a temporary nursing agency, are now operating under the same roof..

66. Housing Market Shows Weakness for Second Month -

WASHINGTON (AP) - Sales of previously owned homes plunged in January to their lowest level since summer, providing fresh evidence that high unemployment and tight lending standards are outweighing the government's attempts to prop up the market.

67. Home Sales Up Year-Over-Year in South -

MIAMI (AP) - Home sales in the South posted an annual increase of 8 percent in January as buyers grabbed hold of federal tax credits and affordable prices.

However, sales plummeted 35 percent from December, a sign that the housing market's recovery may be on shaky ground.

68. Conwood Buys Hickory Hill Facility For Planned $133 Million Expansion -

5106 Tradeport Drive
Memphis, TN 38141
Sale Amount: $19.3 Million

Sale Date: Nov. 5, 2009
Buyer: Conwood Co. LLC
Seller: Chickasaw and Goodman Realty Holding Co.
Details: Conwood Co. LLC on Nov. 5 formally acquired the 787,500-square-foot facility at 5106 Tradeport Drive in Hickory Hill South for $19.3 million. Conwood earlier this year announced plans to buy the building, where it will expand its manufacturing operation of the smokeless tobacco products Kodiak and Grizzly.

69. Cypress Buys T-Mobile’s Union Avenue Store -

Memphis-based Cypress Realty Holdings Co., a private real estate investment trust managed by Joe Jarratt and Price Ford, has bought the retail/billboard site at 1860 Union Ave. in Midtown for $950,000. Operating in the transaction as Cypress Realty Holdings Co. II LLC, the company acquired the property Nov. 10 from Louisville, Ky.-based Elvi Partners LLC.

70. UTHSC College of Medicine Names Smith Interim Dean -

J. Lacey Smith has been named interim dean for the College of Medicine at the University of Tennessee Health Science Center.

Smith currently serves as the associate dean of clinical affairs for the College of Medicine and the chief medical officer and executive vice president for UT Medical Group Inc.

71. St. Jude Expands Campus Despite Economy -

Although St. Jude Children’s Research Hospital is slowing the pace of development because of the economic downturn, it continues to expand its Memphis footprint.

The campus for the world-renowned research hospital now has more room to grow east of Danny Thomas Boulevard. American Lebanese Syrian Associated Charities Inc., the nonprofit organization that supports the hospital, recently purchased the property where the old Gator’s Discount Store and Bill’s Twilight Lounge buildings are at 721 and 723 North Parkway for $580,000, according to The Daily News Online, www.memphisdailynews.com.

72. There Goes the Neighborhood: New hope emerges in one of Memphis’ roughest areas -

Hope and despair have co-existed for a long time along the stretch of Poplar Avenue between Danny Thomas Boulevard and Decatur Street. And for the past two years, the area has seen more change than just about any other inner-city avenue in Memphis.

73. Weekend Events Draw Politicians in Droves -

Before candidates take their quests for elected office to the public, they usually give them a road test before other politicos – allies and adversaries – to see if this is really what they want to do for the next year or so.

74. Events -

The Greater Memphis Chamber will present the first breakfast meeting in its Human Health Series today from 7:30 a.m. to 9 a.m. at The Crescent Club, 6075 Poplar Ave. Phil Smeltzer will speak on “Wellness Programs, Where’s the Money?” The meeting is free to members and prospective members. For reservations, contact Ericka Milford at emilford@memphischamber.com or 543-3518.

75. STANFORD SHOCKER -

The U.S. Securities and Exchange Commission has charged a Texas billionaire whose family of companies has deep ties to Memphis with an $8 billion securities fraud.

Asking for “emergency relief to halt a massive, ongoing fraud,” a complaint issued by the SEC Tuesday alleges the businessman, R. Allen Stanford – chairman of the Stanford Financial Group of companies – schemed to sell about $8 billion worth of certificates of deposit that promise higher returns than would have been available with genuine CDs offered by traditional banks.

76. Stanford Financial Chairman Charged With $8B Fraud - The U.S. Securities and Exchange Commission has charged a Texas billionaire whose family of companies has deep ties to Memphis with an $8 billion securities fraud.

Asking for "emergency relief to halt a massive, ongoing fraud," a complaint issued by the SEC Tuesday alleges the businessman, R. Allen Stanford – chairman of the Stanford Financial Group of companies – schemed to sell about $8 billion worth of certificates of deposit that promise higher returns than would have been available with genuine CDs offered by traditional banks.

Also named in the Texas complaint are James Davis, the chief financial officer of Stanford Financial Group Inc. who works in East Memphis’ Crescent Center, as well as Laura Pendergest-Holt, the chief investment officer of Stanford Financial Group. She supervises a group of analysts in Memphis, among other places, according to the SEC.

"Stanford and Davis have wholly failed to cooperate with the commission's efforts to account for the $8 billion of investor funds purportedly held by SIB (Stanford International Bank, the banking unit of the family of companies)," the SEC's complaint reads. "In short, approximately 90 percent of SIB's claimed investment portfolio resides in a 'black box' shielded from any independent oversight."

The particulars

Stanford's banking unit claims $8.5 billion in assets, and its brokerage unit reportedly has about $50 billion in assets. The SEC alleges the bulk of the banking unit’s investment portfolio was monitored by two people – Stanford and Davis.

The company and its executives cast a long shadow in Memphis, as does the sprawling complaint unveiled this week.

Law enforcement personnel Tuesday entered Stanford offices in the U.S. in more than one city, including Memphis. Memphis FBI officials could not be reached Tuesday afternoon, but were believed to be seizing records there.

The day before the SEC’s allegations were unveiled, a Stanford Financial Group spokesman told The Daily News the company was cooperating with investigators.

“Both FINRA (the Financial Industry Regulatory Authority) and the SEC have stated to us that their recent visits to our offices were part of a routine examination,” said Brian Bertsch. “We have provided U.S. regulators with the information requested and intend to comply fully with any findings or recommendations they may issue.”

Bertsch would not confirm if the company’s Memphis office was one of six locations visited in January by the SEC and FINRA.

Far-reaching operation

More than three dozen police officers and other law enforcement officials entered two Stanford Group office buildings in Houston Tuesday morning, according to The New York Times.

Several key aspects of the case, meanwhile, point to activities of the company that unfolded in Memphis or are related to the Bluff City.

"SIB's multi-billion (dollar) portfolio of investments is purportedly monitored by SFG's chief financial officer in Memphis, Tenn.," according to the SEC. That executive, James Davis, refused to appear and give testimony in the SEC investigation.

Meanwhile, “The bank's (senior investment officer) was trained by Ms. Pendergest-Holt to tell investors that the bank's multi-billion (dollar) portfolio was ‘monitored’ by the analyst team in Memphis,” the SEC’s complaint reads. “In communicating with investors, the SIO followed Pendergest's instructions, misrepresenting that a team of 20-plus analysts monitored the bank’s investment portfolio. In so doing, the SIO never disclosed to investors that the analysts only monitor approximately 10 percent of SIB's money.

“In fact, Pendergest-Holt trained the SIO ‘not to divulge too much’ about oversight of the bank's portfolio because that information ‘wouldn’t leave an investor with a lot of confidence.’”

One spark that may have added fuel to the fire concerns allegations from former Stanford employees.

D. Mark Tidwell and Charles Rawl last year filed a wrongful termination suit in state court in Texas alleging “various unethical and illegal business practices, including overstating the asset value of individuals in a manner designed to mislead potential investors and purging electronic data from computers in response to an investigation by the Securities and Exchange Commission,” according to a court filing in the Texas case. “According to Tidwell and Rawl, they left the company after realizing that they could possibly be implicated in the alleged illegal acts.”

Wellspring of support

The charges cast a dark cloud over a company that has been a generous benefactor of several causes in Memphis.

In the most recent edition of the Stanford Eagle, the in-house magazine of Stanford Financial Group, Stanford is shown seated among a quartet of children who all appear to be patients of St. Jude Children’s Research Hospital. All of them are smiling, and one is sitting on the businessman’s knee, cradled in his arm.

St. Jude is among the many local causes supported by Stanford's business interests. The annual Stanford St. Jude Championship alone has raised more than $19 million for the hospital since 1970. Stanford signed on as the major sponsor in 2007 after FedEx shifted its involvement.

The Houston-based financial services company, which operates an investment brokerage office in Memphis, provides financial support to the hospital as its “corporate charity of choice,” according to the magazine.

In the most recent edition of the magazine, Tony Thomas, the son of St. Jude founder Danny Thomas, said Stanford’s chairman “has been a blessing for us and for the children and patients of St. Jude. … His support has resulted in $15 million in the last three years.”

Among the Memphis causes it supports, the Houston company is a corporate sponsor of the National Civil Rights Museum and a contributor to the Greater Memphis Arts Council, the Boys and Girls Club of Memphis and the Ave Maria Foundation of Memphis, according to a report from Stanford about its community investments. Stanford’s charitable foundation also is based in Memphis.

A reception several years ago to celebrate the company’s growth in Memphis was held at the home of local fashion designer Pat Kerr Tigrett, with guests including Memphis Mayor Willie Herenton and FedEx founder Frederick W. Smith, according to news accounts of the event.

...

77. U of M Begins Intermodal Safety Center -

The University of Memphis has created the “CN – E. Hunter Harrison Center for Intermodal Safety and Emergency Preparedness” thanks to a $1 million donation by Canadian National Railway Co.

The new center falls under the U of M’s Intermodal Freight Transportation Institute (IFTI), which is housed within the university’s Herff College of Engineering. The center will address issues “related to the preparedness for and recovery from natural and manmade disasters within the intermodal freight transportation industry,” according to a release issued by the university.

78. Final Wolf River Ranch Piece in Sight With 34-Acre Sale -

More than 10 years after bulldozers first moved dirt in Collierville’s Wolf River Ranch, the end is in site for the residential portion of the 350-acre planned development as the final phase of homes nears completion.

79. Huey's CEO a Memphis Legacy -

Thomas Boggs learned the restaurant trade waiting tables at the TGI Friday's in Overton Square. He learned the value of hard work as a teenager playing drums in a wildly popular early 1960s party band in Memphis. The mix helped create a Midtown institution and a family business run by his daughters.

80. Huey’s Impresario Dies Monday -

Thomas Boggs learned the restaurant trade waiting tables at the TGI Friday’s in Overton Square. He learned the value of hard work as a teenager playing drums in a wildly popular early ’60s party band in Memphis. The mix helped to create a Midtown institution.

81. $55M Transaction Lifts Commercial RE -

Shelby County's sluggish commercial real estate market got a boost when a portfolio that includes Cordova's Countrywood Crossing shopping center and Dick's Sporting Goods sold to an out-of-town real estate investor for $55.2 million.

82. Kroger Latest Business to Leave Hickory Hill -

For years, Hickory Hill residents have watched the neighborhood slowly decline as one business after another leaves.

Along the stretch of Winchester Road between Hickory Hill and Riverdale roads, a number of businesses have moved out, including Smokey Bones Barbeque & Grill, CompUSA and Fisherman's Buffet, among others.

83. Jones Receives Welcome Home Memphis Designation -

Crye-Leike affiliate broker C. Lauren Jones was the first Realtor in the Memphis market to receive the Welcome Home Memphis designation when she recently earned the honor.

The designation recently was created by the Memphis Area Association of Realtors and is designed to increase affordable housing expertise.

84. BankTennessee Promotes Wilson To Senior VP of Marketing -

Julia Wilson has been promoted to senior vice president of marketing at BankTennessee. Wilson has been with the company since 1995. She has received several awards, including a Golden Pyramid from the Promotional Products Association International and an ADDY Award from the Memphis Advertising Federation.

85. Lehman Brothers Closes BNC Mortgage Subsidiary Amid Tumult in Home Lending Market -

NEW YORK (AP) - Lehman Brothers Holdings Inc., the nation's fourth-largest investment bank, said Wednesday it is shuttering its subprime mortgage business because of the turmoil in the home lending industry.

86. After Three Years In the Making, Uptown Development Nears Completion -

Three years after the first construction crews arrived in Uptown to move dirt and lay the foundations for a few hundred homes, the end is finally in sight for the revitalization of this once-blighted neighborhood.

87. ALSAC to Commemorate50-Year Anniversary -      ALSAC, the fundraising arm of St. Jude Children's Research Hospital, will celebrate its 50-year anniversary today and Saturday during its national convention in Memphis.
     The two-day even

88. Malled by the Competition -

Editor's note: This is the third in The Daily News' five-part Retail Reinvented series about the past - and future - of the local shopping landscape.

Pat Jacobs knows a thing or two about Memphis malls. He served as general manager of Southland Mall for 18 years before taking the same job at Hickory Ridge Mall in 2003.

89. Former Kmarts, Cordova Shopping Center Have New Options With New Plan -

When New Plan Excel Realty Trust Inc. and Sears Holdings Corp. set up a joint development venture in 2005, the venture's first deal involved transforming three former Kmart stores in Memphis.

Sears had closed the stores in 2005, citing their under-performance. Since then, Sears' partner in its development venture - a New York real estate investment trust (REIT) with assets of about $3.5 billion - has more than lived up to its name.

90. Don't Miss This Visit -

Betty Williams enjoys dressmaking and gardening, walking her dog, reading, swimming and writing, according to her curriculum vitae at www.nobelprize.org.

She attended Catholic schools growing up - St. Teresa's Primary School and St. Dominic's Grammar School in Northern Ireland. Her father worked as a butcher and her mother was a housewife. Williams had two children with her first husband, Ralph: a son, Paul, and a daughter, Deborah. While she was raising her kids, she worked as a receptionist.

91. For Participation in Leadership Law Class -

Editor's Note: This Law Talk feature is the third in a series of interviews with Memphis attorneys who have been chosen to participate in the Tennessee Bar Association's 2007 Leadership Law Class.

92. Developers on Edge -

As with the old saying about one door opening when another closes, the same is apparently true when it comes to condominium projects and Downtown Memphis.

This month, for example, the development group behind the planned $40 million, eight-story Mirabella - which would have featured 60 condo units starting at $600,000 a pop - scrapped the high-end project because of lackluster sales.

93. Gerard Appointed Administrator at Methodist Cancer Center -

Dr. Dava F. Gerard has been appointed administrator for the Methodist Healthcare Cancer Center. She previously was the founding vice president and chief operating officer of the Nevada Cancer Institute in Las Vegas.

94. A Downtown Grocery Store at Last? -

A little more than a year from now, a mixed-use commercial development will have risen from the ground in Downtown Memphis and presented consumers there with something they've long craved.

Namely, the opportunity to shop at a large, brand-name grocery store.

95. You Better Shop Around -

Seattle-based Nordstrom Inc. has Memphis on its radar as a possible home for one of its upscale department stores within the $100 million Forest Hill Plaza commercial development being built at the intersection of Winchester and Forest Hill-Irene roads.

96. A Second Wind For Winchester Park -

Architects, city planners, developers and regular citizens are gearing up for a six-day community and design planning process that could help the Winchester Park neighborhood on the northeast corner of Downtown.

97. Baker Donelson Names New President, COO -

Baker, Donelson, Bearman, Caldwell & Berkowitz PC announced that Jerry Stauffer was selected to serve as the firm's president and chief operating officer. Stauffer formerly served as chairman of the firm's litigation department, as a director of the firm and most recently as managing shareholder. Baker Donelson also announced that Mark Glover was named to a second term as managing shareholder. Ben Adams will continue to serve as board chairman and CEO.

98. Archived Article: Real Recap - 1285 Channel Ave

Presidents Island Property Bought in Koch Deal

1285 Channel Ave.

Memphis, TN 38103

Cost: $6.8 million

Buyer: SemMaterials LP

Seller: Koch Materials Co.

Property: Two tracts totaling 15.43 acres at 1285 Channel A...

99. Archived Article: Lead - Retail Growth Will Continue Even After Construction

New Malls to Drive Further Retail Growth

Big-box, small stores to follow large-scale centers

LANCE ALLAN

The Daily News

The Metro Memphis retail landscape is about to see major chang...

100. Archived Article: Lead - Ethan Allen to Relocate Near Wolfchase

Ethan Allen Picks Site Near Wolfchase

Furniture store to relocate to growing retail center

LANCE ALLAN

The Daily News

Its new home will be just a few blocks north of its current location, but whe...