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Editorial Results (free)

1. Developer Tries Again for Highland McDonald’s -

The developer behind a proposed McDonald’s on Highland Avenue near the University of Memphis is making another attempt at the project.

According to the most current site plan, the 5,353-square-foot restaurant building is situated along the sidewalk on Highland and a looping drive-thru proposed earlier has been replaced with one that runs along the eastern side of the building.

2. Sherman Joins Campbell Clinic as Sports Medicine Physician -

Dr. Henry “Hank” Sherman has joined Campbell Clinic Orthopaedics as a sports medicine family practice physician in its Southaven office. Sherman treats patients who suffer from a variety of orthopedic injuries – from competitive athletes looking to get back in the game to weekend warriors who want to stay active later in life.

3. Ex-Senator Baker Remembered for Crossing the Aisle -

HUNTSVILLE, Tenn. (AP) – Former Senate Majority Leader Howard H. Baker Jr. was remembered Tuesday for his ability to bridge political divides in Washington while also establishing the Republican Party as a statewide force in Tennessee.

4. Baker’s Career Mirrored State’s Political Story -

As the week begins, political leaders of both parties and across several generations will gather in East Tennessee for the funeral of former U.S. Sen. Howard Baker.

5. Former US Senator Howard Baker Jr. Dies -

WASHINGTON (AP) – Former Sen. Howard H. Baker Jr., a moderate Republican known as the politician who inquired what President Richard Nixon knew during the 1973 Senate Watergate hearings, has died. He was 88.

6. Redmont Joins HORNE as Tax Consulting Manager -

Richard Redmont has joined HORNE LLP as a tax consulting manager. Redmont, a certified public accountant, has more than 25 years of tax and consulting experience with international firms in the accounting and insurance industries, and has served clients in the manufacturing, retail, distribution, health care and financial services industries. He also served on a national Sarbanes-Oxley team for an international firm.

7. CB Richard Ellis Brokers Four Multifamily Sales -

The multifamily group at CB Richard Ellis Memphis has closed on the sale of four properties in the Memphis market over the last several weeks.

Briar Club Apartments, a 272-unit apartment community constructed in 1985, sold for $8.7 million, or $32,093 per unit. Cinnamon Trails Apartments, a 208-unit apartment community constructed in 1989, sold for $8.6 million, or $41,461 per unit. respectively. CBRE Memphis represented the sellers, Briar Apartments LLC and Cinnamon Apartments LLC in the sale to New York based Briar Club LLC and Cinnamon Trail LLC.

8. Low-Wage Jobs Unexpectedly a Way of Life for Many -

WASHINGTON (AP) – For years, many Americans followed a simple career path: Land an entry-level job. Accept a modest wage. Gain skills. Leave eventually for a better-paying job.

The workers benefited, and so did lower-wage retailers such as Wal-Mart: When its staffers left for better-paying jobs, they could spend more at its stores. And the U.S. economy gained, too, because more consumer spending fueled growth.

9. RBCC Law Firm Moving to iBank Tower -

The law firm of Rogers, Berry, Chesney & Cannon PLLC, owner of 1713 Kirby Parkway since 2006, recently sold its office building and will relocate to the iBank building on Poplar Avenue in East Memphis.

10. Attorney Pierotti Joins Thomas Family Law Firm -

Nicholas J. Pierotti has joined Thomas Family Law Firm PLC as an attorney, marking the firm’s expansion to include probate issues. Pierotti, a third-generation attorney, joins founder Justin K. Thomas in the Memphis-based practice and will work with clients on both family law and probate matters, including wills and estates.

11. Fisher Joins Boy Scouts Chickasaw Council as CEO -

Richard L. Fisher has joined the Chickasaw Council of the Boy Scouts of America as chief executive officer. In his new role, Fisher will extend character development and leadership skills to youth who live in the Chickasaw Council territory, which includes the Mississippi Delta, Memphis, and Shelby and Crittenden counties.

12. Airlines Promise a Return to Civility, For a Fee -

NEW YORK (AP) – Airlines are introducing a new bevy of fees, but this time passengers might actually like them.

Unlike the first generation of charges which dinged fliers for once-free services like checking a bag, these new fees promise a taste of the good life, or at least a more civil flight.

13. Hudson's Bay Buying Saks for About $2.4 Billion -

NEW YORK (AP) – Don't let the global economy fool you: Luxury is hardly dead.

Saks Inc. agreed to sell itself to Hudson's Bay Co., the Canadian parent of upscale retailer Lord & Taylor, for about $2.4 billion in a deal that will bring luxury to more North American locales.

14. Suburbs Ready for Start of Early Voting -

Early voting will be a bit earlier than usual for the municipal school district referendums in Shelby County’s six suburban towns and cities.

Election Day is July 16 in each of the suburban communities holding the set of special elections with the ballot question as the only item on the ballot.

15. Seed Hatchery Teams Begin Next Steps -

Participants in this year’s cohort of the Seed Hatchery startup accelerator now face perhaps the most important piece of the 90-day program that puts them through an entrepreneurship boot camp.

16. Olymbec Files $5.5 Million Mortgage on Brinkley Plaza -

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, has filed a $5.45 million mortgage on Brinkley Plaza in Downtown Memphis.

17. Olymbec USA LLC Buys Again in Memphis -

Olymbec USA LLC has acquired 40,000 square feet of land and three small shed buildings totaling 12,000 square feet at 373 W. Brooks Road through a January auction from the Estate of George E. Smith for $50,600.

18. State Systems Installs Green Ballast Lighting -

State Systems Inc., a privately-owned total protection company based in Memphis, has installed Green Ballast Inc.’s light ballasts in its corporate headquarters and warehouse facility at 3755 Cherry Road.

19. Fogelman Properties Moves Headquarters to Triad II -

Memphis-based Fogelman Properties LLC has signed a lease for 12,000 square feet on the second floor of Triad Centre II, an 110,305-square-foot, Class A office building at 6060 Poplar Ave.

20. Events -

Make-A-Wish Mid-South will host Wine for Wishes Thursday, Feb. 28, from 6:30 p.m. to 9:30 p.m. at The Cadre, 149 Monroe Ave. The fundraiser will include food and wine pairings, a silent auction and live music by The Will Tucker Band. Visit midsouth.wish.org.

21. New Seed Hatchery Season Launches -

This weekend marks the start of the third season of Seed Hatchery, Memphis’ startup accelerator that aims to turn six teams of founders into well-prepared, more polished entrepreneurs.

And from several vantage points, it’s one of the most diverse collections of startup talent in the 90-day bootcamp’s three-year history.

22. Six New Seed Hatchery Teams Chosen -

Six new teams have been lined up for the 2013 Seed Hatchery cohort.

Seed Hatchery is Memphis’ high-growth tech startup accelerator and puts entrepreneurs through a 90-day boot camp, with a crash course in customer discovery, business development, go-to-market strategies and investor pitches. And this year’s cohort marks the third collection of founders to go through the program.

23. Victory Packaging Relocates to Memphis -

Victory Packaging soon will relocate its entire Southaven branch operation to the Southeast Memphis industrial submarket.

The Houston, Texas-based industrial packaging supplier and distributor inked 158,333 square feet in Shelby Air Park Building 1, 4500 Malone Road. The 475,000-square-foot building also houses Terminal Warehouse Inc.

24. Bronson Sporting Goods Adopts Green Ballast Lighting -

Tommy Bronson Sporting Goods, a local sporting goods provider for 86 years, has installed Green Ballast Inc.’s patented daylight harvesting fluorescent light ballasts in its new East Memphis location at 964 June Road.

25. Avery Park Apartments Sell for $5.2 Million -

Avery Park, a 231-unit apartment community built in 1971 in Northeast Shelby County, sold on Dec. 19 for $5.2 million, or $22,511 per unit.

Blake Pera and Tommy Bronson III with CB Richard Ellis Memphis’ Memphis Multifamily Division represented California-based US Housing Partners VII in the sale to a buyer out of Utah.

26. CBRE Memphis Sells $8.7 Million in Apartment Properties -

Tommy Bronson III and Blake Pera with CB Richard Ellis Memphis’ Multifamily Division have sold six apartment communities totaling 693 units and $8.7 million in the past two weeks.

27. Children’s Heart Foundation Given $15,000 for Relocation -

The International Children’s Heart Foundation was awarded a $15,000 commercial office grant Wednesday, Nov. 14, by the Center City Development Corp. to move its offices from 1750 Madison Ave., suite 500, to Downtown’s Brinkley Plaza, 80 Monroe Ave., suite G-1.

28. Center City Revenue Finance Corp. to Consider Brinkley Plaza Tax Break -

The Downtown Memphis Commission’s Center City Revenue Finance Corp. (CCRFC) has a full agenda for its Tuesday, Nov. 13, board meeting, with leasing and financing requests for Brinkley Plaza, Toyota Plaza and the Peabody Hotel Tract.

29. Harrah's Office Complex to be Auctioned -

The former headquarters of Harrah’s Entertainment Inc. in East Memphis is set to be auctioned in November with a minimum bid of $2 million.

30. Commercial Council Elects deWitt, Reilly as Top Leaders -

The Memphis Area Association of Realtors Commercial Council announced its 2013 officers and directors Thursday, Aug. 9, at its annual Member Appreciation and Election Party.

Greg deWitt of Grubb & Ellis Memphis will serve as 2013 president. Patrick Reilly of CB Richard Ellis Memphis will serve as vice president.

31. EdR Announces Executive Additions -

EdR, a Memphis-based developer, owner and manager of collegiate housing, has announced the addition of several key executives: Scott Barton, vice president of acquisitions; Liz Keough, vice president and general counsel; Randy Simpson, vice president of information technology; and James Kenner, director of interior design.

32. Denver REIT Buys Industrial Portfolio for $24M -

Denver-based Industrial Income Trust Inc. has bought an 890,000-square-foot industrial portfolio in Southeast Memphis from CRP Holdings B LP for $24.3 million. The purchase, recorded under the entity IIT Memphis IC LLC on the Shelby County Register of Deeds, includes various lots in Memphis Distribution Center.

33. Literacy Mid-South’s Dean Appointed to State Coalition -

Kevin Dean, executive director of Literacy Mid-South, has been appointed to the Tennessee Literacy Coalition’s board of directors. The board unanimously approved Dean’s nomination, and he will serve as a representative from West Tennessee for three years.

34. Real Estate Appraiser Disciplined by State -

Real estate appraiser John Pinkston of Cordova has been disciplined by the state of Tennessee Department of Commerce & Insurance, according to the May 2012 Disciplinary Action Report.

35. Commercial Advisors Hires, Promotes Associates at Firm -

Cushman & Wakefield/Commercial Advisors Asset Services LLC has promoted Phil Dagastino to senior vice president of office leasing. Dagastino has been with the firm since January 2008.

36. CEVA Logistics Renews in Southeast Memphis -

CEVA Logistics U.S. Inc. renewed a 648,750-square-foot lease at 5166 Pleasant Hill Road in Southeast Memphis.

37. DRA Advisors Closes on Two Shelby Drive Warehouses -

New York-based DRA Advisors LLC has closed on two Memphis warehouse properties for $12.3 million, as part of a larger portfolio purchase from Houston-based Weingarten Realty Investors.

38. CBRE Promotes Four Brokers -

Four of CB Richard Ellis Memphis’ brokerage professionals received promotions last week – Patrick Burke, Alex Turley, Brad Murchison and Bobby Daush.

39. White Joins BankTennessee As Mortgage Specialist -

Judy Sulton White has joined BankTennessee as a mortgage loan specialist. White has worked in the mortgage industry for 30 years and will focus on new-home financing options, mortgage refinances and custom construction loans.

40. Baker Donelson Elects New Shareholders -

Four attorneys in the Memphis office of Baker, Donelson, Bearman, Caldwell & Berkowitz PC have been elected shareholders.

They are Adam Baldridge, Christopher Coats, Richard Mattern and Stacie Smith Winkler.

41. CBRE Adds 800K Feet of Office to Portfolio -

The total square footage of the CB Richard Ellis Memphis property management portfolio increased by more than 800,000 square feet in the first quarter of 2012, due to the addition of management services for Germantown Park, Renaissance Center in East Memphis and The Pinnacle Center in Southaven.

42. Loeb Renews Leases for Two Upscale Restaurants -

Two local restaurateurs and tenants of Loeb Properties Inc. have renewed leases.

Bill Latham, owner of Interim Restaurant, has renewed his lease for 4,957 square feet at Sanderlin Place, 5040 Sanderlin Ave. Carey White, Loeb senior vice president of asset management, brokered the deal.

43. Commercial Advisors Hires Walton as VP -

Patrick Walton has joined Cushman & Wakefield/Commercial Advisors Asset Services LLC as vice president and Certified Global Supply Chain Specialist.

44. Dogwood Creek Apts. Sell for $26 Million -

Dogwood Creek, a 278-unit apartment community constructed in 1997 in Collierville, sold to New York-based Somerset Partners LLC on Wednesday, Feb. 29, for $26 million, or $93,525 per unit.

45. Former CBRE Exec Barton Joins Memphis-Based EdR -

Scott Barton has joined EdR, a student housing real estate investment trust based in Memphis, as vice president of real estate acquisitions.

46. CBRE Memphis Brokers Florida Investment Sale -

CB Richard Ellis Memphis has brokered the sale of the Grand Panama Office Building in Panama City Beach, Fla., from Grand Panama Office LLC to Corr Properties I LLC for $3.7 million, or $137.80 per square foot.

47. CBRE Brokers Sale of 2 Apt. Complexes -

CB Richard Ellis Memphis closed two multifamily properties in early January – Oakshire and Summer Trace Apartments.

Tommy Bronson III and Blake Pera with CBRE Memphis’ multifamily division represented LILO LLC in the sale of Oakshire to Memphis Bell LLC.

48. CRE Activity Stays Strong During 2011 -

Despite hard times, local commercial real estate firms were able to ink plenty of deals in the past 12 months.

Memphis’ industrial leasing activity kicked off in January when Buena Park, Calif.-based Pacific Logistics Corp. signed a 60,000-square-foot lease in ProLogis Park DeSoto for its first Memphis-area location.

49. Boyle Promotes Binkley to VP -

Boyle Investment Co. has promoted Les Binkley to vice president.

Along with overseeing day-to-day activities that pertain to Boyle’s mixed-use developments, Binkley will explore potential property acquisitions for future Boyle projects.

50. Colliers Signs Baker to First Site in Tenn. -

Colliers International’s industrial team of Andy Cates, Preston Thomas and Mike Driscoll has inked 63 transactions this year. Here’s a rundown on a flurry of recent deals the trio has brokered.

51. CBRE's Truitt Awarded By Commercial Alliance -

Realtors Commercial Alliance, the commercial division of the National Association of Realtors, has recognized Kelly Truitt of CB Richard Ellis Memphis, an affiliate of CB Richard Ellis Inc., as a recipient of the 2011 Realtors Commercial Alliance National Award.

52. Franklin Sports Extends Lease in ProLogis Park -

Franklin Sports Inc. has signed a four-year lease extension for its 300,000-square-foot industrial distribution warehouse in ProLogis Park Stateline, 5510 Getwell Road.

53. Union Holiday Deli & Ham Adds Drive-Thru, Parking -

Holiday Deli & Ham Co. is in the midst of adding parking and a drive-thru to its high-volume Midtown store.

54. Hodges’ Attorneys Urge Public to Withhold Judgment -

Attorneys for Millington Mayor Richard Hodges said Thursday, Oct. 13, the public should withhold its judgment until both sides of the corruption case against him are heard in court.

55. Hodges’ Attorneys Urge Public to Withhold Judgment -

Attorneys for Millington Mayor Richard Hodges said Thursday, Oct. 13, the public should withhold its judgment until both sides of the corruption case against him are heard in court.

56. Stone Joins Metropolitan Bank As Mortgage Specialist -

Kent Stone has joined Metropolitan Bank as a mortgage specialist.

57. Three States Supply Inks Lease in SE Submarket -

A heating and air-conditioning firm is consolidating offices within the Southeast industrial submarket – where it currently has one office.

Three States Supply Co. LLC has inked a 47,000-square-foot lease at 4290 Delp St.

58. Pink Palace Museum Seeks Proposals for New Restaurant -

The Memphis Pink Palace Museum, 3050 Central Ave., is seeking proposals for a new restaurant.

The natural and cultural history museum is listed on the National Register of Historic Places and is the most visited museum in the state of Tennessee, with total attendance in 2010 surpassing 513,600.

59. Highwoods to Receive LEED Gold Plaque -

Highwoods Properties Inc. will be presented Monday, June 6, with the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) Gold plaque for Memphis’ first multi-tenant LEED-certified building, Triad Center III, 6070 Poplar Ave.

60. CREW Unites Women in Real Estate Deals -

In a tough economic climate, it’s imperative for women in the commercial real estate industry to join forces and work to cross deals through the finish line.

That’s the message Carol Slone, a founding member of the Memphis chapter of Commercial Real Estate Women, stresses to members and those considering joining the professional networking group.

61. Patterson Named Shareholder At Baker Donelson -

Lori Patterson’s career has come full circle. Fresh out of law school in 1997, Patterson began a clerkship with federal appeals court Judge John C. Godbold. In 1999, she settled in at Baker, Donelson, Bearman, Caldwell & Berkowitz PC, where she was mentored by influential professionals in her field.

62. Special Coverage: Mid-South Flooding -

Coverage of the rising waters in the Memphis area

Memphis Believe T-Shirt to Benefit Red Cross

In an effort to promote Memphis pride and the power of a strong community, Tampa, Fla.-based Encore Select Inc. is introducing T-shirts that will unite the community by aiding those in need.

63. Special Coverage: Mid-South Flooding -

Coverage of the rising waters in the Memphis area

Scientists to Determine Exact River Crest Height

The Mississippi River at Memphis crested Tuesday. But at what level?

The river level that goes into the history books will take a few days to determine, according to Memphis National Weather Service meteorologist Richard Okulski.

64. Special Coverage: Mid-South Flooding -

Coverage of the rising waters in the Memphis area

Police Manually Checking Memphis River Gauge

The gauge that is the official measurement of the Mississippi River at Memphis has been on the blink since last week as the river has approached historic levels.

65. Special Coverage: Mid-South Flooding -

DeWitt Spain Airport Inundated With Water

General DeWitt Spain Airport was inundated with flood waters early Thursday morning. Reports said around midnight, part of a berm washed out as well as part of North Second Street, which had already been closed because of rising water. A broken water main contributed to the high water.

66. Land Use Control Board Approves Cordova Staples -

The Memphis-Shelby County Land Use Control Board has granted site plan approval for a new Staples Inc. store in the Galleria of Memphis, on the north side of Market Plaza, adjacent to Kohl’s in the 130-acre retail development at Interstate 40 and North Germantown Parkway.

67. Memphis’ Q4 Office Market Shows Bright Spots -

While the fourth quarter of 2010 showed very little growth among the existing office tenant base, it showed glimpses of positive leasing activity with a fair volume of leases signed before year end, according to CB Richard Ellis Memphis’ MarketView report.

68. Q4 Retail Vacancies, Asking Rates Decline -

Memphis’ retail market continued a trend of declining vacancy in the fourth quarter of 2010 as vacancy dropped from 13.6 percent to 13.1 percent – representing the lowest vacancy rate in the Memphis Metropolitan Statistical Area in more than three years – according to CB Richard Ellis Memphis’ Q4 Retail MarketView.

69. Business Park Slated for Auction Block -

In the past five years, real estate foreclosures have run the gamut from hospitality to retail to multifamily to high-end residential to industrial.

As the commercial market in particular continues to be plagued with record-high vacancies and downward pressure on rental rates, investors are feeling the brunt of the crisis.

70. Adrienne Johnson Promoted at the Greater Memphis Chamber -

Adrienne Johnson has been promoted to director of research for the Greater Memphis Chamber.

71. Yogurt Craze Continues with TCBY Store -

A TCBY franchise has signed a 1,225-square-foot lease in University Center, 3445 Poplar Ave., at the southwest corner of Poplar and Highland Street.

72. Interstate Brands Renews, Expands Lease -

Interstate Brands Corp. has renewed and expanded its lease in the Germantown Park - Kimbrough Building in Cordova, more than doubling its footprint.

73. Apperson Crump Acquires Smith-Kimbrough & Assoc. -

Apperson Crump PLC – the oldest continuously operating law firm in Memphis – has announced its acquisition of Smith-Kimbrough & Associates PC.

Cecil Smith, founder of Smith-Kimbrough & Associates, will become a partner at Apperson Crump, and in turn, Apperson Crump will inherit Smith-Kimbrough’s offices in Nashville and Oxford, Miss.

74. Obama's Economist Pick Seen as Sign of New Agenda -

HONOLULU (AP) – Among the first announcements President Barack Obama will make upon returning from his Hawaiian vacation is his choice for top economic adviser, a decision that could signal a new direction for the administration as it struggles to jumpstart the economy and wrestle down unemployment.

75. Multi-Housing Data Show Q3 Improvement -

Memphis’ third quarter market activity continued to show considerable improvement from year-end 2009.

The slow and steady growth is expected to continue through the end of this year.

Total occupancy remained consistent from the second quarter, but jumped 240 basis points from year-end 2009 to 91.7 percent, according to the latest multi-housing data from CB Richard Ellis Memphis.

76. Industrial Leases Driven by Bulk Warehouse Sector -

Absorption in the Memphis industrial market was driven by leasing activity in the bulk warehouse sector for the third quarter, according to the latest data from CB Richard Ellis Memphis.

Memphis Metropolitan Statistical Area’s vacancy rate dipped to 15.7 percent in Q3. Three of the top five leases were in Class A buildings. The top lease transactions of the quarter all occurred within the Southeast and DeSoto submarkets, helping cancel out Q2’s 1.5 million square feet of negative absorption.

77. Q3 Sees Mixed Review of Retail Numbers -

Memphis’ retail market saw the first increase in asking rental rate in two years, according to the latest data from CB Richard Ellis Memphis.

2010’s June-through-September quarter increased from $9.52 per square foot to $9.64 per square foot from the third quarter of 2008.

78. CCIM Panel Discussion Planned for Tuesday -

The Memphis Metro Certified Commercial Investment Member (CCIM) Chapter plans to hold a panel discussion on new directions in commercial real estate Tuesday.

The panel is composed of professors from the department of finance, insurance and real estate of the University of Memphis, including Ronald W. Spahr, Grant I. Thrall, Mark Sunderman and Richard D. Evans.

79. New Church Comes to Downtown -

A new church is launching its official introduction to the public this upcoming Sunday.

Downtown Presbyterian’s pastor, the Rev. Richard Rieves, is a Christian Brothers High School and University of Memphis alum. This will be Rieves’ third church to plant.

80. Events -

Baker, Donelson, Bearman, Caldwell & Berkowitz, PC will hold a Breakfast Briefing titled “Employee Privacy Claims” Wednesday from 7:30 a.m. to 9 a.m. at its downtown office, 165 Madison Ave. The event is free but seating is limited. To register, contact Nicolette Thomas at 577-2328 or nthomas@donelson.com.

81. Developers Run With Midtown Dunkin’ -

Editor’s note: “Inked” is a new column by real estate reporter Sarah Baker on Memphis’ commercial leasing landscape. It will appear each Friday in The Daily News and also in our weekly publication, The Memphis News.

82. Trustmark, Cadence Banks Merging -

Two Mid-South banks – Trustmark Corp. and Cadence Financial Corp., each with a handful of branches in Shelby County – announced the signing of a merger agreement Wednesday afternoon.

83. Events -

Baker, Donelson, Bearman, Caldwell & Berkowitz PC will present “Workforce Expense Reductions” Thursday from 8 a.m. to 9 a.m. at Baker Donelson’s office, 165 Madison Ave., 20th floor. For more information or to register, contact Nicolette Thomas at 577-2328 or nthomas@bakerdonelson.com.

84. Events -

The Small Business Chamber will hold a luncheon featuring Shelby County Commissioner Steve Mulroy Tuesday from 11:30 a.m. to 1 p.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. For more information, visit www.smallbusinesschamber.com.

85. Sale Could Bring Improvements To Bella Vista -

Like many projects companies launched before the recession hit, the plan for rejuvenating the 432-unit Bella Vista Apartment Homes in Hickory Hill began with such promise.

In March 2007, a newly formed company, Maple Creek Advisors LLC of Dallas, made its first multifamily acquisition with plans to invest $4 million of renovations in the property.

86. Analysis: Budget Cuts Suggest Bleak Fiscal Session -

LITTLE ROCK, Ark. (AP) - Lawmakers knew they would face a tight budget when they return to the Capitol for their first fiscal session next month. Now they know it could be downright ugly.

The state fiscal officer's declaration that Arkansas – facing a nearly $55 million shortfall – will likely face budget cuts this year was a reminder of the state's economic picture as lawmakers prepare for the first-ever fiscal session.

87. Raleigh Apartments Follow Foreclosure Trend -

The foreclosure crisis has claimed another multimillion-dollar commercial victim, this one the 432-unit Jamesbridge apartments in Raleigh.

A first-run foreclosure notice against the multifamily complex’s owner begins on Page 42 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

88. A River Runs Through Us: Memphis’ once and future connection with the Wolf -

A cottonmouth slithers through the marsh. A wolf spider clings to a cypress tree. A white heron soars above the bottomland forest.

Paddle a canoe down the Ghost River section of the Wolf River in Fayette County and you’ll travel through multiple, distinct ecosystems teeming with wildlife. But while animal sightings convey the true spirit of the Wolf, only one creature – the elusive “river rat” – can verbalize why this river and its wetland corridor are so important.

89. Dress Newest Pathologist At Pathology Group of the MidSouth -

Dr. Matthew A. Dress has joined Pathology Group of the MidSouth PC as its newest pathologist.

Before joining Pathology Group of the MidSouth, Dress served as the chief resident in anatomic and clinical pathology at the Department of Pathology and Laboratory Medicine at the University of Tennessee. He then completed a fellowship in hematopathology at the University of Rochester Medical Center-Strong Memorial Hospital in Rochester, N.Y. 

90. Events -

MPACT Memphis will meet for a Lunch Bunch today at noon at On the River, 51 S. Main St. To R.S.V.P., contact Joy Turner at memberconnections@mpactmemphis.org or 528-8340.

91. Events -

The Memphis Investors Group will meet today at 7 p.m. at Appling Manor, 1755 Appling Road. Wendy Patton will discuss leasing real estate with an option to buy. Admission is free for first-time visitors and members. Repeat visitors pay $20.

92. SEC Letters Show Early Red Flags in Stanford Case -

“Is this possible and secure?”

The subject of that question was Stanford Financial Group, the business empire accused by federal regulators of perpetrating a multibillion-dollar investment fraud. An accountant who worked in Mexico’s banking industry asked it in a 2002 letter to the U.S. Securities and Exchange Commission.

93. The Flintco Cos. Names Musson Business Development Director -

Troy Musson has been hired by The Flintco Cos. Inc. as its director of business development for Flintco’s Memphis and Springdale, Ark., offices.

94. Treadway Joins Thomas & Betts as Senior VP for Electrical Business -

Charles L. Treadway has joined Thomas & Betts Corporation in the newly created position of senior vice president, group president – electrical. Treadway will provide strategic and operational leadership to the company’s electrical products businesses on a global basis. The electrical segment of Thomas & Betts has approximately 60 manufacturing and distribution facilities in 11 countries and employs approximately 8,000 associates worldwide. The electrical segment reported $2.1 billion in revenues in 2008. Treadway previously served as president and chief executive officer for the Custom Sensors and Technology unit of Schneider Electric.

95. Thornton Receives Glankler Pro Bono Award -

Laurie M. Thornton of Glankler Brown PLLC has received the second annual Frank J. Glankler Jr. Pro Bono Award given by James S. Gilliland and the Glankler Brown law firm.

96. Rainey Chosen as President-Elect Of TN Women's Council of Realtors -

Crye-Leike Realtors broker Patty Rainey has been chosen as president-elect of the Tennessee Women's Council of Realtors.

Rainey is a member of the Memphis Area, Northwest Mississippi, Tennessee and National Associations of Realtors. She is in the Multi-Million Dollar Club and MAARket Master Toastmasters, and in 2006, she served as the president of the local Certified Residential Specialists chapter.

97. 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.

98. Thompson Named Chair of MPACT Board -

Jeni Stephens Thompson has been named the new chairwoman of the MPACT Memphis board of directors. Thompson is the director of marketing and development for the Memphis Bioworks Foundation. She has a bachelor's degree in communications from Lambuth University and a master's degree in education from Vanderbilt University. Thompson serves as the programs chair for the Association of Fundraising Professionals and sits on the Playhouse on the Square board. She is a member of the Leadership Memphis Class of 2008.

99. Tutor Receives Transplant Nursing Excellence Award -

Dr. Ruth Tutor has received the 2007 Transplant Nursing Excellence Award from the International Transplant Nurses Society. Tutor is a Critical Care/Transplant Advance Practice Nurse at Methodist University Hospital Transplant Institute. She has worked with transplant patients since 1985. She joined the nursing staff at the Transplant Institute in 2004.

100. Baptist Names Baker Nursing Research Coordinator -

Nursing professor Diana Baker has been named Baptist Memorial Health Care Corp.'s new coordinator for nursing research. Baker is the first person to hold the position. She has been in nursing for more than 40 years and most recently served on the faculty of the Baptist College of Health Sciences.