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Editorial Results (free)

1. Thawing Out: Warmer Temperatures Lift US Economy -

WASHINGTON (AP) – Spring's thaw is reviving the economy, too.

A recent batch of government and business reports show a U.S. economy emerging from winter's deep freeze.

Economists had expected the growth to accelerate in 2014 after two years of slow and steady improvement. But an unusually bitter winter sent factories, hiring and consumer spending into hibernation.

2. Events -

The Africa in April Cultural Awareness Festival will be held Friday, April 18, through Sunday, April 20, in Robert R. Church Park, at the corner of Fourth and Beale streets. The festival includes festivities, food, crafts and music showcasing Burkina Faso. Visit africainapril.org for a schedule.

3. I Choose Memphis: Ragan Washburn -

“I Choose Memphis” spotlights Memphians who are passionate about calling this community home. New Memphis Institute provides the profiles.

Name: Ragan Washburn

Job Title and Company: Manager of Community Engagement and Events at Duncan-Williams Inc.

4. US New-Home Sales Drop in February -

Sales of new U.S. single-family homes fell in February to a five-month low, according to the U.S. Commerce Department.

Sales fell 3.3 percent nationally to a seasonally adjusted annual rate of 440,000 units, the lowest level since September. New-home sales fell 1.1 percent compared with February 2013. The median price of a new home last month fell 1.2 percent from February 2013, the biggest drop since June 2012.

5. US New-Home Sales Drop in February -

Sales of new U.S. single-family homes fell in February to a five-month low, according to the U.S. Commerce Department.

Sales fell 3.3 percent nationally to a seasonally adjusted annual rate of 440,000 units, the lowest level since September. New-home sales fell 1.1 percent compared with February 2013. The median price of a new home last month fell 1.2 percent from February 2013, the biggest drop since June 2012.

6. Public Invited to Weigh in on Sustainability Plan -

Planners from the Memphis and Shelby County Office of Sustainability are inviting members of the public to review the vision plan and concept map for connecting local green space that’s a result of the Mid-South Regional Greenprint and Sustainability Plan.

7. Public Invited to Weigh In on Sustainability Plan -

Planners from the Memphis and Shelby County Office of Sustainability are inviting members of the public to review the vision plan and concept map for connecting local green space that’s a result of the Mid-South Regional Greenprint and Sustainability Plan.

8. Complaint Alleges Deutsche Bank Discrimination -

Deutsche Bank allegedly discriminated against minority neighborhoods in the Memphis area in the way it handled bank-owned properties, according to a complaint filed with the federal government.

9. US Housing Construction Down 16 Percent in January -

WASHINGTON (AP) – U.S. home construction fell in January for a second month but the weakness in both months reflected severe winter weather in many parts of the country. The expectation is that housing will deliver another year of solid gains, helped by an improving economy.

10. Former Motel 6 Sells for $1.4 Million -

1321 Sycamore View Road
Memphis, TN 38134
Sale Amount: $1.4 million

Sale Date: Jan. 13, 2014
Buyer: P & S Hospitality LLC
Seller: G6 Hospitality Property LLC
Loan Amount: $1.1 million
Loan Date: Jan. 14, 2014
Maturity Date: N/A
Lender: Argent Bank
Details: The former Motel 6 at 1321 Sycamore View Road in Northeast Memphis has traded hands for $1.4 million.

11. Property Struggle -

Discussions are underway about the particulars of an imminent demolition contract for the Tennessee Brewery, and the owners of the castle-like structure Downtown could decide the property’s fate by sometime in February or March.

12. Cameraman’s Collection -

Don Newman was a photographer whose pursuit of the perfect shot once took him to the middle of one of the busiest streets in Memphis.

13. Out-of-Town Banks Target Memphis for Growth -

More than 40 percent of the customer deposit share in the Memphis-area banking market belongs to institutions that have a presence here but are based outside the area, the latest figures from the Federal Deposit Insurance Corp show.

14. Southwest to Drop Flights to 3 Smaller Cities -

Southwest Airlines Co. said Thursday that it will end service in June to Key West, Fla.; Jackson, Miss.; and Branson, Mo., because it can’t make money serving the smaller markets.

15. US Home Prices Rose at Slower Pace in September -

WASHINGTON (AP) – U.S. home prices rose more slowly in September than in August, a sign that weaker sales are preventing the kinds of sharp price gains that occurred earlier this year.

16. Embassy Suites Memphis Sells for $24.8 Million -

1022 S. Shady Grove Road
Memphis, TN 38119
Sale Amount: $24.8 million

Sale Date: Nov. 15, 2013
Buyer: 1022 South Shady Grove LLC
Seller: 1022 Shady Grove LLC
Loan Amount: $22.6 million
Loan Date: Nov. 15, 2013
Maturity Date: N/A
Lender: Great American Life Insurance Co.
Details: An affiliate of Chicago-based hotel asset manager Lodging Capital Partners LLC has paid $24.8 million for the Embassy Suites Memphis hotel at 1022 S. Shady Grove Road in East Memphis.

17. US Existing Home Sales Fall 3.2 Percent in October -

WASHINGTON (AP) – Fewer Americans bought existing homes in October, as higher mortgage rates, the 16-day partial government shutdown and a limited supply of houses on the market reduced sales.

18. Banks Tweak Checking, Online Options -

As the two banks with the biggest customer deposit shares in Memphis, First Tennessee Bank and Regions Bank must stay closely in touch with their clients’ checking and online banking needs.

19. Overton Square Momentum Connects With History -

If you think Midtown’s recent momentum, particularly in and around Overton Square, is real growth, you are right.

But it is growth in development that Overton Square developer Bob Loeb believes will bring along a denser population in the area.

20. Helping the Homeless -

Genesis House, a shelter for homeless men and women run by Catholic Charities of West Tennessee, is doubling its capacity for veterans suffering from mental illness and addiction. The home is expanding from five to 10 the number of beds reserved for veterans – good news for the organization following the closure of two of its other programs for the homeless earlier this year because of a lack of new funding.

21. New Jersey Firm Buys Pendleton Place Apartments -

1780 Pendleton St.
Memphis, TN 38114
Sale Amount: $3.1 million

Sale Date: Sept. 11, 2013
Buyer: Pendleton Apartments LLC
Seller: Pendleton Investors LLC
Details: An affiliate of Teaneck, N.J.-based The Aspen Cos. has paid $3.1 million for the Pendleton Place Apartments at 1780 Pendleton St. in the Defense Depot area.

22. US New-Home Sales Jump 7.9 Percent in August -

WASHINGTON (AP) – Americans stepped up purchases of new homes in August after cutting back in July, suggesting that higher mortgage rates are not yet slowing the housing recovery.

Sales of new homes increased 7.9 percent last month to a seasonally adjusted annual rate of 421,000, the Commerce Department said Wednesday. That comes after sales plunged 14.1 percent in July to a 390,000 annual rate.

23. Henry Turley Co. Files Permits for South Junction -

727 E. Mann Circle; 726. E. Mann Circle; 725 W. Mann Circle; 35 W. Georgia Ave.; 649 Florida St.; 18 W. Carolina Ave.; 9 E. Carolina Ave.
Memphis, TN 38103
Permit Costs: $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.4 million

24. United Housing Places 3,000th Homeowner -

Lisa Brice was living in a Memphis-area townhouse with her two teenage daughters when the water was turned off in the community back in January.

25. Handy Park Lease Latest Stage in Beale Endgame -

The city of Memphis has a tentative lease of Handy Park with a group that includes some current tenants of the Beale Street entertainment district.

And the pending agreement would resolve one of the final issues in the city’s relationship with John Elkington, the developer of the district and founder of Performa Entertainment.

26. Unemployment Rates Rise in Most US States -

Unemployment rates rose in more than half of U.S. states in July and fewer states added jobs, echoing national data that show the job market may have lost some momentum.

The Labor Department said Monday that unemployment rates increased in 28 states. They were unchanged in 14 and fell in eight states – the fewest to show a decline since January.

27. US Homebuilder Confidence Nears 8-Year High -

Confidence among U.S. homebuilders is at its highest level in nearly eight years, fueled by optimism that demand for new homes will drive sales growth into next year.

The brighter sales outlook is the latest sign pointing to a sustained pickup in construction in coming months and comes as applications for permits to build single-family houses are at a five-year high.

28. California Investor Buys Airways Villas Complex -

An affiliate of Foothill Ranch, Calif.-based West Egg Enterprises has paid $1.8 million for the 182-unit Airways Villas Apartments at 2305 Pendleton St. in the Defense Depot area.

29. Obama Orders Review of Chemical Plant Rules -

WASHINGTON (AP) – President Barack Obama on Thursday ordered federal agencies to review safety rules at chemical facilities in response to the deadly April explosion at a Texas fertilizer plant.

30. Better Economic Growth Likely to Follow Weak Second Quarter -

WASHINGTON (AP) – The economy is expected to have grown at a dismal pace in the April-June quarter, weighed down by large tax increases and steep government spending cuts.

But the second quarter should be the low point for the year, economists say. The fiscal drag is expected to fade. At the same time, steady hiring, more business spending and a solid recovery in housing should push growth higher in the second half of the year.

31. Pending Sales of US Homes Slip From 6-Year High -

WASHINGTON (AP) – The number of Americans who signed contracts to buy homes dipped in June from a six-year high in May, a sign that sales could stabilize over the next few months.

The National Association of Realtors said Monday that its seasonally adjusted index for pending home sales ticked down 0.4 percent to 110.9 in June. The May reading was revised lower by a percentage point to 111.3, but it was still the highest since December 2006.

32. Second-Quarter Bankruptcies Up 2.3 Percent -

The second quarter of 2013 showed a slight boost in West Tennessee bankruptcy filings as consumers who couldn’t pay off debt accumulated in late 2012 filed for bankruptcy.

All chapters combined – Chapters 7, 11 and 13 – climbed to 3,164 Shelby County bankruptcies for the three-month period ended June 30, up 2.3 percent from 3,093 bankruptcies filed during the same three-month period in 2012, according to The Daily News Online, www.memphisdailynews.com.

33. Bass Pro Shops To Begin Pyramid Work End of August -

Bass Pro Shops will begin installing its store and other attractions in The Pyramid at the end of August.

That is the date the city’s part of the work on the renovation of The Pyramid is expected to be completed according to a project update Tuesday, July 16, for the Memphis City Council and the Downtown Memphis Commission.

34. Market of Riverdale Bend Sells for $6.2 Million -

7114-7186 Winchester Road Memphis, TN 38125

Sale Amount: $6.2 million

Sale Date: July 2, 2013

35. No Bass Pro Signage On Pyramid's Northern Face -

A revised plan for signage at The Pyramid by Bass Pro Shops shows the outdoor retailer has dropped plans for a large logo on the north face of the pyramid that faces the residential communities on Mud Island’s north end.

36. Daniels Takes on New Role at Greater Memphis Chamber -

The Greater Memphis Chamber has promoted Amy Daniels to the newly created position of senior vice president, membership and communications. Daniels, who has worked at the chamber for 17 years, will now oversee the membership department while continuing in her prior role, leading the communications and programming department.

37. Barnhart Buys Industrial Property for Expansion -

2085 W. E. Freeman Drive
Memphis, TN 38114

Sale Amount: $2.6 million

Sale Date: June 27, 2013

Buyer: Barnhart Crane and Rigging Co.

38. Barnhart Buys Industrial Property for Expansion -

Barnhart Crane & Rigging Co. has paid $2.6 million for the industrial property at 2085 W.E. Freeman Drive in the Defense Depot area as part of its local expansion.

39. Sycamore View Starbucks Sells for $1.1 Million -

The Starbucks coffee shop at 1615 Sycamore View Road in Northeast Memphis has sold for $1.1 million.

40. Kroger-Anchored Center Sells for $14.6 Million -

4270 Summer Ave. Memphis, TN 38122

Sale Amount: $14.6 million

Sale Date: June 18, 2013

41. Events -

The Cooper-Young Business Association will feature Standby for Mars as part of the Red Hot Summer concert series Wednesday, July 3, from 6:30 p.m. to 8:30 p.m. in the gazebo at Cooper Street and Young Avenue. Cost is free. Visit cooperyoung.biz.

42. Jim 'N Nick's Owner Files Loan on Cordova Property -

The owner of the Jim ‘N Nick’s Bar-B-Q restaurant at 2359 N. Germantown Parkway in Cordova has filed a $1.4 million loan on the property.

43. Commission Pushes Back Seismic Standards Date -

The Shelby County Commission approved Monday, June 17, a set of three ordinances on third and final reading Monday that push back the effective date for new seismic measures for new home construction and renovations of existing buildings until the end of 2013.

44. Congressional Delegation Tours Presidents Island -

The International Port of Memphis played host to a handful of influential guests Friday, June 21, just as the city and its partners are seeking a large federal grant to help expand the industrial area.

45. US Home Re-Sales Surpass 5 Million in May -

WASHINGTON (AP) — U.S. sales of previously occupied homes surpassed the 5 million mark in May, the first time that's happened in 3 ½ years. The gain shows the housing recovery is strengthening.

46. Summer of Cloar -

Stanton Thomas remembers his first encounter with Carroll Cloar’s art. It was eight years ago as Thomas, the Memphis Brooks Museum of Art’s curator, was about to interview for the job he now has.

47. Council Begins Action On End Of Budget Year Items -

Memphis City Council members approved several budget items Tuesday, June 18, for the end of the current fiscal year before turning their attention to the budget for the coming fiscal year.

That includes a long promised Holmes-Tchulahoma Park in South Memphis. The council appropriated $1.5 million for the park’s construction in a contract with Wagner General Contractors Inc.

48. Commission Pushes Back Seismic Standards Date -

The Shelby County Commission approved Monday, June 17, a set of three ordinances on third and final reading Monday that push back the effective date for new seismic measures for new home construction and renovations of existing buildings until the end of 2013.

49. Schools Payroll Changed Back As Commission Okays Schools Budget -

A week after announcing a change in when Shelby County Schools teachers get paid in the schools merger that begins July 1, interim schools superintendent Dorsey Hopson changed course. The change keeps teachers from the two systems on different pay schedules for the first year of the merger.

50. State Pulls Riverfront Trail Funds -

The state of Tennessee has withdrawn $316,680 from the city for a riverfront bike and pedestrian system due to inactivity, according to state officials.

“Sorry for the bad news but this project is very old and there was no movement and I could not get any information out of any one on why there was such a delay in getting the project constructed that Federal Highway Administration said they were pulling the funding,” Lisa Dunn, transportation planner with the Tennessee Department of Transportation, wrote in an email to Jim Reeder, project development coordinator for the Riverfront Development Corp.

51. Home Builders Groups Form West Tennessee Association -

The Memphis Area Home Builders Association is joining with two West Tennessee associations to form the new West Tennessee Home Builders Association.

The Jackson Area HBA, the Dyersburg Area HBA and the Memphis Area HBA are combining to form the new group.

52. Home Builders Groups Form West Tennessee Association -

The Memphis Area Home Builders Association is joining with two West Tennessee associations to form the new West Tennessee Home Builders Association.

The Jackson Area HBA, the Dyersburg Area HBA and the Memphis Area HBA are combining to form the new group.

53. MRG Breaks Ground on Schilling Farms Apartment Complex -

Memphis-based Makowsky Ringel Greenberg LLC is launching a new apartment community at Schilling Farms.

54. Morris to Lead Main to Main Project -

Downtown Memphis Commission President Paul Morris will become the new project director for the Main Street to Main Street revitalization project that includes a Harahan Bridge boardwalk.

55. Morris to Lead Main to Main Project -

Downtown Memphis Commission president Paul Morris will become the new project director for the Main Street to Main Street revitalization project that includes a Harahan Bridge boardwalk.

56. Oakhaven Warehouse Sells for $11.3 Million -

5155 Citation Drive
Memphis, TN 38118
Sale Amount: $11.3 million

Sale Date: May 21, 2013

57. Commission OKs Sale for Penny Hardaway Courts -

Shelby County Commissioners approved Monday, June 3, the transfer of nearly 10 acres of land in Cordova on the west side of Herbert Road at Fischer Steel Road to Gameday Health Kids Foundation as the location of “Penny’s Fast Break Courts Sports Facility” – the children’s basketball site named for NBA and University of Memphis basketball star Anfernee “Penny” Hardaway.

58. Commission OKs Land Sale for ‘Penny’ Hardaway Courts -

Shelby County Commissioners approved Monday, June 3, the transfer of nearly 10 acres of land in Cordova on the west side of Herbert Road at Fischer Steel Road to Gameday Health Kids Foundation as the location of “Penny’s Fast Break Courts Sports Facility” – the children’s basketball site named for NBA and University of Memphis basketball star Anfernee “Penny” Hardaway.

59. Delta to Cut Flights, De-Hub Memphis -

Memphis is losing its status as a passenger hub for Delta Air Lines. Delta executives announced Tuesday, June 4, the Atlanta-based airline will cut service to Memphis International Airport to approximately 60 daily flights starting in September, down from 92.

60. Delta to De-Hub Memphis -

Memphis is losing its status as a passenger hub for Delta Air Lines.

Delta executives announced Tuesday, June 4, the Atlanta-based airline will cut service to Memphis International Airport to approximately 60 daily flights starting in September, down from 92.

61. Events -

The Daily News will host its Money and Markets: State of the Economy seminar and panel discussion Thursday, June 6, at 3:30 p.m. in the Memphis Brooks Museum of Art auditorium, 1934 Poplar Ave. Craig Dismuke, senior vice president and chief economic strategist at Vining Sparks IBG, will present the keynote. Cost is $25. Visit seminars.memphisdailynews.com.

62. Events -

West Tennessee Historical Society will meet Monday, June 3, at 7 p.m. in the Wunderlich Auditorium at Memphis University School, 6191 Park Ave. Joe V. Lowry will present “Memphis: Going Through Changes, 1890-1929.” Visit wths-tn.org.

63. Events -

The Healthy Church Challenge Obesity Summit will be held Saturday, June 1, from 10 a.m. to 1 p.m. at Breath of Life Christian Center, 3795 Frayser Raleigh Road. Winners of the 100-day weight-loss challenge will be announced; other events include a keynote by fitness expert Donna Richardson, health screenings and workout sessions. Call 278-0881.

64. Events -

The Rotary Club of Memphis East will meet Wednesday, May 22, at noon at The Racquet Club of Memphis, 5111 Sanderlin Ave. Bill West, founder of The West Clinic, will speak. Cost is $17. R.S.V.P. to Lee Hughes at lmhughes@bellsouth.net.

65. Cresthaven Medical Building Sells for $2.5 Million -

1068 Cresthaven Road Memphis, TN 38119

Sale Amount: $2.5 million

Sale Date: May 2, 2013

66. Main to Main’s Carpenter Moves to Plough Foundation -

Mike Carpenter, the project manager for the city’s Main Street to Main Street project, will become the executive director of the nonprofit Plough Foundation next month.

67. US Housing Starts Fell in April but Permits Surged -

WASHINGTON (AP) – U.S. builders broke ground on fewer homes in April, one month after topping the 1 million mark for the first time since 2008. But most of the decline was in apartment construction, which tends to vary sharply from month to month.

68. Whole Foods Files Permit for Expansion -

5014 Poplar Ave. Memphis, TN 38117

Permit Cost: $3.1 million

Project Cost: TBA

Permit Date: Applied April 2013

69. Council Tackles Budget, Tax Rate -

Memphis City Council members take their first steps Tuesday, May 7, toward approving a city operating budget and property tax rate for the fiscal year that begins July 1.

The council meets at 3:30 p.m. at City Hall, 125 N. Main St.

70. Harahan Bridge Project Plans Nearing Completion -

Design work on the “Main to Main Connector” project is at the halfway point. And the city team overseeing the project is due to complete plans by the end of May to trigger a $15 million appropriation of federal funding in June.

71. Arts Award -

The New Ballet Ensemble and School is a first-time recipient of a grant from the National Endowment for the Arts, money the Midtown-based school is using to create and perform an original dance work.

72. Metropolitan Bank Still Growing 5 Years In -

Metropolitan Bank has come a long way in five short years. Since being founded amid the worst financial crisis in the U.S. in generations, the bank – which in March celebrated its fifth birthday – has grown its assets from $243 million at the end of 2008 to $722 million at the end of 2012.

73. US Housing Starts Surpass 1 Million in March -

WASHINGTON (AP) – U.S. homebuilders broke the 1 million mark in March for the first time since June 2008. The gain signals continued strength for the housing recovery at the start of the spring buying season.

74. U of M President Raines Announces Retirement -

Shirley C. Raines is retiring at the end of June after 12 years as president of the University of Memphis.

Raines announced her retirement Monday, April 15. John Morgan, the chancellor of the Tennessee Board of Regents, will name an interim president for the university possibly as early as this week for the transition.

75. Sales of New US Homes Slip 4.6 Percent in February -

WASHINGTON (AP) – Sales of new homes fell in February after climbing to the highest level in more than four years in January.

Sales of new homes dropped to a seasonally adjusted annual rate of 411,000 in February, the Commerce Department reported Tuesday. That is a decline of 4.6 percent from the January level of 431,000, which had been the strongest sales pace since September 2008.

76. Mumford Jr. Pleads in Teacher Cheating Scandal -

The son of the former Memphis City Schools assistant principal at the center of a teacher testing cheating scandal became the 12th person in the federal case to plead guilty last week in U.S. District Court for the Western District of Tennessee.

77. US Housing Starts Rise, Permits at 4.5-Year High -

U.S. builders started more homes in February and permits for future construction rose at the fastest pace in 4.5 years. The increases point to a housing recovery that is gaining strength.

The Commerce Department said Tuesday that builders broke ground on houses and apartments last month at a seasonally adjusted annual rate of 917,000. That’s up from 910,000 in January. And it’s the second-fastest pace since June 2008, behind December’s rate of 982,000.

78. US Housing Starts Rise, Permits at 4.5-Year High -

U.S. builders started more homes in February and permits for future construction rose at the fastest pace in 4.5 years. The increases point to a housing recovery that is gaining strength.

The Commerce Department said Tuesday that builders broke ground on houses and apartments last month at a seasonally adjusted annual rate of 917,000. That’s up from 910,000 in January. And it’s the second-fastest pace since June 2008, behind December’s rate of 982,000.

79. Wills Stewarding Growth of East Memphis Land -

For Walter Wills III, taking care of his neighborhood and the surrounding area is one of his life tasks.

Wills & Wills LP has owned much of the land in the Kirby-Quince corridor for more than 40 years. The area is seeing an influx of medical office and retail users in the past few years, and more are expected with a new Regional Medical Center at Memphis outpatient center in the area.

80. Land Use to Consider RV Park Conversion -

The company that owns the old Memphis Mobile City mobile home park wants to turn the site that flooded seven times in 10 years including floods in 2010 and 2011 into a resort for recreational vehicles with cabins and manufactured homes on adjoining acreage.

81. South Main’s New Life -

The history of the South Main Historic Arts District is as colorful as its present-day users, an alternating rhythm of sorts in Memphis’ songbook.

The area has oscillated from its ritzy suburban roots of the 1800s to the industrial era ghost town of the 20th century and now to its current status as Downtown’s flourishing arts and boutique district and the subject of some $100 million in investment. And it’s all due to stakeholders who braved the status quo in distinguishing the southern end of the Central Business District as that funky place with an indescribable vibe.

82. Hollywood Feed Expands, Renews Local Leases -

Hollywood Feed has renewed and expanded two of its Memphis locations.

The Memphis-based natural and holistic pet food merchant is growing its 2648 Broad Ave. warehouse from 44,400 square feet to 77,763 square feet.

83. US Home Sales Rise to Second-Highest Pace in 3 Years -

WASHINGTON (AP) – U.S. sales of previously occupied homes rose in January to the second-highest level in three years, a sign that the housing market is sustaining its recovery and helping bolster the economy.

84. US Housing Starts Dip but Remain at Solid Pace -

WASHINGTON (AP) – U.S. homebuilders began work at a slower pace in January than in December. But all of the drop occurred in the volatile area of apartment construction, which sank 24 percent. By contrast, the rate of single-family homebuilding rose 0.8 percent.

85. Hand Family Files Loan on Local Properties -

45 W. E.H. Crump Blvd.
Memphis, TN 38106
Loan Amount: $3.2 million

Loan Date: Feb. 4, 2013
Maturity Date: N/A
Borrower: The Hand Family Realty Co. LLC
Lender: JPMorgan Chase Bank NA
Details: The Hand Family Realty Co. LLC has filed a $3.2 million loan on its Memphis portfolio, including the Anheuser-Busch distribution facility at 45 W. E.H. Crump Blvd. south of Downtown.

86. Arlington Sonic Owner Files Loan on Property -

The owner of the recently built Sonic drive-in restaurant at 6101 Airline Road in Arlington has filed a $1.2 million loan on the property.

87. Madewell Coming to Saddle Creek -

The Shops of Saddle Creek in Germantown will soon gain another national retailer with no other presence in Tennessee.

Madewell, a subsidiary of J. Crew Group Inc., has signed a 3,061-square-foot lease in The Shops of Saddle Creek North, 7509 Poplar Ave., in part of the space that was previously The Gap in between James Avery Jewelry and Brighton Collectables.

88. Healthy Church Challenge Tackles Obesity Epidemic -

BlueCross BlueShield of Tennessee’s second annual Healthy Church Challenge 100-day weight loss competition for churches in West Tennessee is set to get under way on Saturday, Feb. 2.

This year’s challenge is anticipated to include more than 50 local churches that will get the chance to compete for cash prizes to benefit their churches and health ministries.

89. Quince Fred’s Super Dollar Sells for $2.1 Million -

6500 Quince Road, Memphis, TN 38119

Sale Amount: $2.1 million

Sale Date: Jan. 18, 2013

90. Crowne Plaza Hotel Sells Out of Foreclosure -

300 N. Second St. Memphis, TN 38103

Sale Amount: $9.4 million

Sale Date: Dec. 28, 2012

91. Exeter Buys West Memphis Warehouse for $15.6 Million -

Pennsylvania-based Exeter Property Group has snatched up the Smucker’s distribution warehouse in West Memphis for $15.6 million.

The 600,000-square-foot facility was a foreclosed property from Bank of America, which was selling it with a year-end anticipated closing, said Matt Brodnik, Exeter’s director of capital markets.

92. McLaughlin Joins Inferno as Senior Copywriter -

Trish McLaughlin has joined inferno as senior copywriter. In her new role, McLaughlin supervises the copywriting department, pairing up writers with art directors and project teams, and reviewing copy for message, voice and strategic focus. In addition, she coaches young writers in strategic thinking, concepting, editing and presenting.

93. Brooks Brothers Relocating to Saddle Creek -

High-end clothier chain Brooks Brothers plans to open a new location at The Shops of Saddle Creek West in Germantown.

The New York City-based retailer will open in 7,500 square feet of space at 7509 Poplar Ave. by early June, taking over the two suites formerly occupied by Indigo and Talbots Men’s. Indigo last month relocated and expanded two spaces down into the old Natural Body Spa & Shoppe space.

94. Rheumatology Clinic Buys Germantown Office Building -

7660 Poplar Pike Germantown, TN 38138

Sale Amount: $986,850

Sale Date: Nov. 14, 2012

95. International Exposure -

The Memphis hotel industry can thank at least 200,000 of its room nights last year to European visitors booked by tour operators.

European stays in Memphis averaged three nights, with each person spending more than $200 per day.

96. Foreclosures Continue Rise in Third Quarter -

At a public gathering at Calvary Episcopal Church last week, the city’s Housing and Community Development director Robert Lipscomb lamented the pervasiveness of poverty in Memphis.

97. Triumph Bank Turns in Another Profit -

It’s hiring, making plenty of new loans, growing its pool of assets, opening new offices – and enjoying a now long-unbroken run in profitability.

Triumph Bank’s latest quarterly numbers are in, and the result is the bank ending comfortably in the black for the 14th straight quarter. The bank in recent weeks presented its second quarter financials to shareholders. And they included raising more than $12 million in new capital, money that was used to purchase investments and for other general corporate purposes.

98. Contracts to Buy US Homes Fell Slightly in August -

WASHINGTON (AP) – The number of Americans who signed contracts to buy previously occupied homes fell in August from a two-year high in July.

The National Association of Realtors said Thursday that its index of sales agreements dropped 2.6 percent last month to 99.2. In July, the index rose to 101.9. That was the highest level since April 2010, when the market benefited from a federal home-buying tax credit.

99. New US Home Sales Edged Down 0.3 Percent in August -

WASHINGTON (AP) – Sales of new homes in the United States dipped slightly in August from July but the median price of homes sold during the month rose by a record amount.

New-home sales edged down to a seasonally adjusted annual rate of 373,000 in August, a dip of 0.3 percent from July's revised rate of 374,000, the Commerce Department said Wednesday. That had been the fastest pace since April 2010 when government tax credits were boosting sales.

100. Census Data Another Sign Economy has Bottomed Out -

WASHINGTON (AP) – Five years after the housing bust, the U.S. economy is showing signs of finally bottoming out.

Americans are on the move again after putting their lives on hold and staying put. More young adults are leaving their parents' homes to take a chance with college or the job market, while once-sharp declines in births are leveling off and poverty is slowing.