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Editorial Results (free)

1. ABA President Silkenat Shares Notion Of ‘Civil Gideon’ -

The president of the American Bar Association sees at least a discussion on the way about a “civil Gideon” – a requirement that a citizen who cannot afford an attorney in a civil court proceeding should have one appointed by the court.

2. Return to Value -

Last week, we discussed that the wrestling match between stimulus and global debt deleveraging will continue to create anxiety and volatility for investors. Viewing the world through this prism helps to clarify seemingly baffling market movements.

3. Events -

Memphis Rotary Club will meet Tuesday, April 15, at noon at the University Club of Memphis, 1346 Central Ave. James Silkenat, president of the American Bar Association, will speak. Cost is $20 at the door. Advance RSVP is required to taylor@memphisrotary.org.

4. Enjoy the Brewery While It's Still Here -

I’ve been looking at the Tennessee Brewery for years. I used to have an office next door, and now from my agency’s current location, I can see its majestic, Romanesque arched windows towering over the South Main Arts District.

5. Events -

Methodist South Hospital will host a stroke support group meeting for survivors and caregivers Monday, April 14, at 5:30 p.m. in the outpatient rehabilitation center, 1251 Wesley Drive, suite 141. Occupational therapists Maggie Lewis and Patricia Morgan will present “Occupational Therapy: Living life to its fullest.” Email patricia.morgan@mlh.org or rushali.naik@mlh.org.

6. Loeb Midtown Center Now Fully Leased -

Loeb Properties’ Belvedere Collection on Union Avenue in Midtown is 100 percent leased.

Agilitas USA Inc., operating as Results Physiotherapy, signed a new lease for 2,280 square feet in Suites 105-106 at the retail strip center.

7. Renewing Our Vows -

Last week, U.S. indices ascended briefly back into record territory on supportive comments from global powerbrokers.

In Europe, Mario Draghi, the head of the European Central Bank, initiated a bold conversation on monetary stimulus measures. Reality has set in across the Eurozone that the euro is too strong and inflation too weak for enduring economic expansion.

8. Hillview Village Apartments Sell for $5.9 Million -

2051 E. Alcy Road
Memphis, TN 38114
Sale Amount: $5.9 million

Sale Date: March 27, 2014
Buyer: 2013 Hillview LP
Seller: Alcy Partners LP
Details: The 265-unit Hillview Village Apartments at 2051 E. Alcy Road in the Defense Depot neighborhood have sold for $5.9 million.

9. New Partners Sign On to Tennessee Brewery Effort -

This weekend, volunteers will return to the Tennessee Brewery property to continue getting it ready for Tennessee Brewery Untapped, a six-week series of community events that will run April 24 through June 1.

10. Oak Court Mall Transferred To Simon Property Spinoff -

Simon Property Group has transferred ownership of the Oak Court Mall to Washington Prime Group Inc. as part of a planned spinoff of some of its shopping centers and smaller malls.

11. Now Tack! -

In sailing, when the wind shifts direction, you must move your sails or risk losing the wind. The first indication of a shifting breeze comes from the telltales, strips of lightweight material attached to the sails that foreshadow a change in conditions. Recently, the market telltales have been active.

12. Methodist University Hospital Names Liebman New CEO -

Jeff Liebman has joined Methodist University Hospital as chief executive officer. In his new role, Liebman said, he will ensure the hospital continues to be a community resource providing the highest possible quality of care to the community while following the guidelines of the Methodist LeBonheur mission.

13. Higher Markets Ahead? -

Fed testimony last week addressed burning economic and policy questions for investors. How did they respond? Fearfully, joyfully and indifferently. Just as they have to nearly every news item so far this year.

14. Six Things You Can Do As a Board Member -

Calling all nonprofit board members: Do you sometimes wonder what value you bring to the nonprofits you serve? Do you wish you were more engaged, or that “they” took more advantage of the talents you bring to the board? We have the solution for you: take initiative! Don’t wait for someone to ask you to get involved.

15. 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.

16. Stewart Joins Metal Museum as Collections Manager -

Grace Stewart has joined the Metal Museum as collections manager/registrar. Stewart, who previously served as registrar for the National Civil Rights Museum for a year and a half, says her goals are to help grow and define the Museum’s permanent collection and facilitate greater access to the collection through exhibits and education opportunities.

17. Richmond Honan Buys Quince Centre for $10 Million -

6555 Quince Road
Memphis, TN 38119
Sale Amount: $10.4 million
Sale Date: March 7, 2014

18. 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.

19. Tennessee Brewery Plan Unveiled -

Memphis businessman Taylor Berger is part of a team preparing to take short-term ownership of the Tennessee Brewery Downtown, with plans to bring a variety of community-focused uses to the site from roughly the last weekend in April through the last weekend in May.

20. Examining Numbers From Data Week -

The first week of the month always produces a torrent of economic data that is capped off by the Friday employment report from the Department of Labor. Here is a summary of the more relevant data releases from last week:

21. County Commission Approves Crosstown Funding -

Shelby County Commissioners approved Monday, March 10, $5 million in county funding for public infrastructure on the $180 million Crosstown redevelopment project.

The 11-1 vote came after it appeared twice that commissioners, including those supporting the funding, were ready to delay the decision for two weeks.

22. Global Ministries Pays $12 Million for Serenity Towers -

An affiliate of Cordova-based Global Ministries Fellowship has paid $12 million for the Serenity Towers retirement center at 400 S. Highland St.

23. Kroger: Storm Response Helped Boost Sales -

NEW YORK (AP) – Kroger said its ability to keep its supermarkets open and well-stocked as customers rushed to hoard groceries ahead of winter storms helped boost its results in the fourth quarter.

24. Looking Backward and Forward -

The Look Back This time last year we predicted that 2013 would revive investor animal spirits. In fact, investors were downright euphoric last year, absolutely gorging themselves on stocks, buying at a record pace.

25. Collier Village Apartments Sell for $4.4 Million -

The 100-unit Collier Village Apartments at 365 Center St. in Collierville has sold for $4.4 million.

Collier Village Apartments Utah LLC – an affiliate of Salt Lake City-based Property Asset Management Inc. – bought the townhouse-style multifamily complex in a Feb. 26 special warranty deed from Collier Village Associates LLC.

26. Fed: Memphis Banks Improved in 2013 -

Memphis banks ended 2013 in somewhat better shape collectively than they stood at the end of 2012, based on new numbers from the Federal Reserve Bank of St. Louis.

27. MalmoMemphis Completes Three Law Firm Leases -

Three Memphis law firms represented by MalmoMemphis Real Estate Inc. have renewed their office leases or leased new spaces.

28. How to Fight the Flat -

Markets have regained their composure after a sharp, but necessary, sell off in early January. Sentiment has now retreated from the euphoric levels reached toward the end of last year, to more neutral levels.

29. Yellen Debuts as Fed Chair -

For the first time since 2006, someone not named Ben Bernanke testified before the House Financial Services Committee as Chair of the Board of Governors of the Federal Reserve System. Dr. Janet Yellen officially assumed the post on Feb. 3.

30. Survey: Vehicle Owners Having More Problems -

The race to increase vehicle fuel economy is taking a toll on quality.

Owners of three-year-old vehicles are reporting more problems than they did a year ago, according to J.D. Power and Associates’ annual survey of vehicle dependability. It’s the first time since 1998 that the average number of problems per vehicle has increased.

31. Survey: Vehicle Owners Having More Problems -

The race to increase vehicle fuel economy is taking a toll on quality.

Owners of three-year-old vehicles are reporting more problems than they did a year ago, according to J.D. Power and Associates' annual survey of vehicle dependability. It's the first time since 1998 that the average number of problems per vehicle has increased.

32. Muddling Through the Muddling Through -

Last week’s December jobs number was billed as an economic tiebreaker after a string of mixed data. The release depicted a softening employment environment. The U.S. economy created 113,000 jobs in January against expectations of 185,000. Over the trailing three months, the economy has added an average of about 150,000 new jobs per month versus 200,000 per month reached last summer/fall. With the jobs market downshifting, can the Fed do more?

33. PILOT Reform -

Nike is in the midst of a $301 million expansion of its Northridge plant in Frayser, a project that means the Beaverton, Ore.-based company will create 250 new jobs and retain 1,600 existing local jobs.

34. Champion Rebrand -

In 1996, the company known as Champion Awards and Apparel first waded into the world of e-commerce by operating a merchandise website for the Memphis Mad Dogs, the Canadian Football League team that was partly owned by FedEx founder, chairman and CEO Fred Smith.

35. Understanding 2014 -

Last week, the government released GDP statistics for the fourth quarter of 2013. Overall, the economy expanded at a 3.2 percent clip (above estimates). For the full year, the economy grew a less impressive 1.9 percent, but momentum was clearly built into the back half of the year. Expectations for 3 percent annual growth in 2014 remain intact.

36. What to Expect When You’re Expecting -

S&P 500 corporate earnings in 2013 likely grew about 6 percent. The S&P 500 price index, however, grew 29.6 percent. The difference between the growth in earnings and the growth in the price index amounts to P/E expansion.

37. Espitia Joins Michael Hatcher as Chief Financial Officer -

Ed Espitia has joined Michael Hatcher & Associates Inc. as chief financial officer. Espitia comes to the Memphis-based landscape services firm after serving since 2010 as finance manager for Schulz Xtruded Products, a Germany-based pipe maker with operations in North Mississippi.

38. Belz Sells Shelby Oaks EnSafe Center for $910,000 -

5710-5730 Summer Trees Drive
Memphis, TN 38134
Sale Amount: $910,000

Sale Date: Jan. 10, 2014
Buyer: EnSafe Inc.
Seller: BICO Associates GP
Details: An affiliate of Belz Enterprises has sold the five-building Shelby Oaks EnSafe Center office complex on Summer Trees Drive in Northeast Memphis for $910,000.

39. Belz Sells Shelby Oaks Ensafe Center for $910K -

An affiliate of Belz Enterprises has sold the five-building Shelby Oaks EnSafe Center office complex on Summer Trees Drive in Northeast Memphis for $910,000.

BICO Associates GP sold the property’s four parcels in a Jan. 10 warranty deed to EnSafe Inc., a Memphis-based environmental remediation engineering firm whose headquarters is at the complex.

40. Consider Selling Momentum, Buying Contrarian -

The S&P 500 has been the world’s performance bell cow since the great recession on the relative strength of the U.S. economic recovery. The S&P 500 has outperformed the MSCI All World ex USA All Cap Index by 17 percent over the last year, 11 percent annualized over the last three years and 5 percent annualized over the last five years.

41. Health Management Holders Approve Sale to CHS -

FRANKLIN, Tenn. (AP) – Health Management Associates Inc. shareholders have approved the company's sale to competitor Community Health Systems.

42. Council Approves Ballpark Deal -

Memphis City Council members approved the city’s $19.5 million purchase of AutoZone Park Tuesday, Jan. 7, and another $4.5 million in improvements to the baseball park.

The deal includes the St. Louis Cardinals buying the Memphis Redbirds franchise and entering into a 17-year lease with the city of Memphis at $300,000 a year.

43. It Pays to Look Forward -

The thundering herd that carried the equity markets into the record books in 2013 seemed spooked by the first few trading days of 2014. Should we read into this?

Perhaps, but it more likely indicates portfolio rebalancing rather than a widespread repositioning of wagers. Those rebalancing their portfolios need to sell stocks to provide currency to replenish underperforming asset classes. For those that shifting wagers, what new bets might pay off in 2014?

44. Gold Strike Promotes Slade to PR Manager -

Elizabeth Slade has been promoted to public relations manager at Gold Strike Casino Resort. In her new role at the MGM Resorts International property, Slade will lead in developing and executing integrated marketing communication plans with components such as media relations, social media strategy, community partnerships and brand management.

45. Personal Power -

Remember me? Throughout 2011, I wrote about engaging employees. In order to engage anyone, you need something I call personal power.

Personal power doesn’t have anything to do with your title or your scope of responsibility. You can hold important political or business positions with little or no personal power at all. People with big responsibilities have “position” power.

46. What Does the Fed Say? -

Ben Bernanke announced a tapering of the Federal Reserve’s asset purchase program from $85 billion to $75 billion at his final FOMC meeting last week, and contrary to pundit fears, the Dow Jones Industrial Average threw him a going away celebration by rallying to new highs. What he said:

47. Southeastern Freight Lines Gives Back -

Despite a busy year greatly expanding its facilities in Memphis, Southeastern Freight Lines has found time to give back to the local community through its Southeastern Serves program, donating 39 hours locally and 1,323 total hours nationally to a variety of worthy causes.

48. 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.

49. The Economy in 2013: Naughty and Nice -

Thanks to the Federal Reserve’s dedication to increasing your net worth, 2013 will go down as one of the most prosperous years on file. Stock prices have increased more than 20 percent and U.S. home prices have increased nearly 15 percent. These gains hit national headlines, but the gains for back-page asset classes are equally impressive.

50. Elkington’s Farewell -

It’s been more than three years since city leaders declared the next chapter of the Beale Street entertainment district was about to begin.

But it wasn’t until Monday, Dec. 16, that Beale Street developer John Elkington marked his coming farewell to the street at the end of this year.

51. Brown Launches County Commission Campaign -

In a Midtown apartment last week, Jake Brown gathered his friends and friends of those friends to launch his campaign for a seat on the Shelby County Commission in the 2014 county elections.

52. The Healing Continues -

With another successful earnings season in the books, earnings news will move to the backburner for financial market observers. In the midst of this earnings vacuum, economic news moves to the forefront, as investors try to determine if the strong earnings will be sustainable via a healing economy. Or, if the economic support is beginning to deteriorate, perhaps earnings have peaked.

53. Stephenson Honored by Appraisal Institute -

The Memphis Chapter of The Appraisal Institute presented veteran real estate appraiser Robert Stephenson with its prestigious Lifetime Achievement Award on Friday, Dec. 5.

54. Scartozzi Named Sales Director at Hilton Memphis -

Heidi Scartozzi has joined the Hilton Memphis, managed by Davidson Hotels & Resorts, as director of sales. Scartozzi is a 15-year hospitality veteran, most recently serving as a regional director of sales for JQH Hotels and Resorts, servicing 13 hotels on the West Coast.

55. Iberiabank Promotes 2 Memphis Associates -

Iberiabank has promoted two associates in Memphis.

Stephen Fitzsimmons is the new branch manager at Iberiabank’s Germantown branch, 7465 Poplar Ave. He has seven years of banking experience, and is a licensed attorney and an active member of the Memphis Bar Association.

56. Iberiabank Promotes 2 Memphis Associates -

Iberiabank has promoted two associates in Memphis.

Stephen Fitzsimmons is the new branch manager at Iberiabank’s Germantown branch, 7465 Poplar Ave. He has seven years of banking experience, and is a licensed attorney and an active member of the Memphis Bar Association.

57. Roland Calls for Probe of Missing Schools Inventory -

Shelby County Commissioner Terry Roland is calling for a special meeting of the Shelby County Commission this month to talk with Shelby County Schools officials about the recent external audit of the school system that couldn’t account for $48.4 million in school system property and equipment.

58. Multiple Sclerosis Society Adds Trustees -

The Mid-South Chapter of the National Multiple Sclerosis Society has added 10 people from the Memphis area to its board of trustees.

They are Andrew Forsdick, owner of Addison Capital Advisors; Kerry Hayes, director of public relations for Doug Carpenter & Associates LLC; Terry Lawrence, project manager at AutoZone Inc.; Ginger Leeke, esthetician with Eden Spa; Alan Lindgren, owner of Speed of Sound LLC; Karen Malogroski, owner of Bikes Plus; Tracy Pearson, vice president and general manager, food service, International Paper Co.; Michelle Rappaport-Moore, psychotherapist with The Experiential Healing Center; Dr. N. Shah, pediatric neurologist with Le Bonheur Children’s Hospital; and Suzanne Williamson, vice president of market, Boscos Corp./Roma Pomodori Inc.

59. Raymond James Donating $430,000 in Memphis -

Raymond James Financial Inc. will distribute more than $430,000 in Memphis as part of the company’s distribution of $4.3 million around the country through its annual United Way giving campaign.

60. Sources: AutoZone Park Price ‘South of $24 Million’ -

The price tag for the city of Memphis to acquire AutoZone Park would be “south of $24 million,” according to two sources familiar with the negotiations.

The city’s acquisition of AutoZone Park, which opened in 2000 and helped invigorate the resurgence of Downtown Memphis, will be on the City Council’s Dec. 3 agenda.

61. Nelson Takes New Role at Alliance for Nonprofit Excellence -

Amanda C. Nelson has joined the Alliance for Nonprofit Excellence as director of consulting, a newly created position. Nelson will oversee, coordinate and promote the alliance’s management consulting services, and manage its three-year capacity-building program, the Program for Nonprofit Excellence.

62. Raymond James Donating $430,000 in Memphis -

Raymond James Financial Inc. will distribute more than $430,000 in Memphis as part of the company’s distribution of $4.3 million around the country through its annual United Way giving campaign.

63. Multiple Sclerosis Society Adds Trustees -

The Mid-South Chapter of the National Multiple Sclerosis Society has added 10 people from the Memphis area to its board of trustees.

They are Andrew Forsdick, owner of Addison Capital Advisors; Kerry Hayes, director of public relations for Doug Carpenter & Associates LLC; Terry Lawrence, project manager at AutoZone Inc.; Ginger Leeke, esthetician with Eden Spa; Alan Lindgren, owner of Speed of Sound LLC; Karen Malogroski, owner of Bikes Plus; Tracy Pearson, vice president and general manager, food service, International Paper Co.; Michelle Rappaport-Moore, psychotherapist with The Experiential Healing Center; Dr. N. Shah, pediatric neurologist with Le Bonheur Children’s Hospital; and Suzanne Williamson, vice president of market, Boscos Corp./Roma Pomodori Inc.

64. Dixon Hughes Hires Eight in Memphis -

The Memphis office of Dixon Hughes Goodman has made eight hires.

Dixon Hughes, the largest certified public accounting firm based in the South, has hired Jessie Austin, Lee Harris and Jack Kaler as associates in the firm’s dealer services group, which focuses on the specialty accounting needs of automotive and heavy truck dealerships. Mack Widder, Lauren Leone and Kimberly Kirkland have been hired as associates in the firm’s tax department, and Domina Cox and Lawson Kilpatrick are associates in the audit department.

65. Events -

Tennessee Shakespeare Co. will present “It’s a Wonderful Life: A Life Radio Play” Wednesday, Nov. 20, through Dec. 8 in the Dixon Gallery and Gardens Winegardner Auditorium, 4339 Park Ave. Visit tnshakespeare.org.

66. DOMA Repeal Headlines Planning Discussion -

Financial adviser Brian Douglas has the hard-earned designations you’d expect to find in a professional with nearly a decade of experience in the industry, including certified financial planner, chartered retirement planning counselor and, added this year, Five Star Wealth Manager award winner.

67. Events -

Memphis Rotary Club will host a debate between Shea Flinn and Kenneth Whalum Jr. Tuesday, Nov. 19, at noon at the University Club of Memphis, 1346 Central Ave. The topic is “Memphis Sales Tax Increase: Yea or Nay?” Cost for nonmembers is $18. RSVP to Taylor Hughes at taylor@memphisrotary.org.

68. Wenco Files Construction Loan for Volvo of Memphis -

7910 Trinity Road
Cordova, TN 38018
Loan Amount: $4.2 million

Loan Date: Nov. 7, 2013
Maturity Date: n/a
Borrower: Wenco Properties LLC
Lender: Wells Fargo Bank NA
Details: Wenco Properties LLC has filed a $4.2 million construction loan through Wells Fargo Bank for the Volvo of Memphis dealership it is building at 7910 Trinity Road in Cordova.

69. Dixon Hughes Hires Eight in Memphis -

The Memphis office of Dixon Hughes Goodman has made eight hires.

Dixon Hughes, the largest certified public accounting firm based in the South, has hired Jessie Austin, Lee Harris and Jack Kaler as associates in the firm’s dealer services group, which focuses on the specialty accounting needs of automotive and heavy truck dealerships. Mack Widder, Lauren Leone and Kimberly Kirkland have been hired as associates in the firm’s tax department, and Domina Cox and Lawson Kilpatrick are associates in the audit department.

70. Wenco Files $4.2 Million Loan to Build Cordova Volvo -

Wenco Properties LLC has filed a $4.2 million construction loan through Wells Fargo Bank for the Volvo of Memphis dealership it is building at 7910 Trinity Road in Cordova.

71. Events -

The Shelby County Trustee’s Office will host a “Home Sweet Home” workshop for seniors Monday, Nov. 18, from 10 a.m. to noon at the Goodwill Senior Center, 163 W. Raines Road. Trustee staff will provide information on senior property taxes and how to effectively pass property to heirs. Cost is free. Visit shelbycountytrustee.com.

72. Events -

Ignite Memphis, Vol. 6, will be held Tuesday, Nov. 19, from 7 p.m. to 10 p.m. at Crosstown Arts, 430 N. Cleveland St. Twelve Memphians will enlighten attendees on a variety of topics via five-minute, 20-slide presentations. Cost is $15. Visit ignitememphis.com.

73. Keep Your Eye on the Ball -

Markets bounced around a bit last week due to the continued volley between economic/earnings expectations and interest rate expectations. As a market observer, you must fully grasp this dynamic to translate daily volatility.

74. Gates to Share Creative Vision at Crosstown -

Internationally acclaimed installation and social practice artist Theaster Gates will be in Memphis this week to share some of the beliefs and perspectives that fuel his creative vision.

Gates’ free, public lecture, “A Way of Working,” will be Saturday, Nov. 16, at Sears Crosstown, 495 N. Watkins St.

75. CubeSmart Sells Storage Facility for $7.9 Million -

2700 Poplar Ave.
Memphis, TN 38112
Sale Amount: $7.9 million

Sale Date: Nov. 4, 2013
Buyer: WCP/DSSH Holdings 16 LLC
Seller: CubeSmart LP
Details: Wayne, Va.-based self-storage real estate investment trust CubeSmart LP has sold the U-Store-It facility at 2700 Poplar Ave. in the 38112 ZIP code for $7.9 million.

76. Regions Celebrates ‘Share the Good Week’ -

Through Friday, Nov. 8, Regions Bank associates in Memphis are participating in the company’s Share the Good Week, a coordinated effort across the 16 states Regions serves, including about 350 events to give back to the communities and people who support Regions.

77. Harbor Island Buys Land, Files Loan for Apartments -

Harbor Island Partners LLC has acquired 10.5 acres on Mud Island and filed a construction loan for a 134-unit apartment complex on the property.

78. Tencarva Looking to Expand Memphis Presence -

The story of how industrial distributor Tencarva Machinery Co. got its start has all the makings of a great motivational business speech – or a tale told in the iconic style of Sophia Petrillo from “The Golden Girls.”

79. Big Lots Closing its Wholesale Units -

COLUMBUS, Ohio (AP) – Big Lots Inc. said Friday that it will close its wholesale business by the end of the year, citing tough competition and weaker sales and margins.

80. St. Jude’s Downing Elected to Institute of Medicine -

Dr. James R. Downing of St. Jude Children’s Research Hospital has been elected to the Institute of Medicine, a branch of the National Academy of Sciences.

Downing, the hospital’s scientific director, deputy director and executive vice president, becomes the sixth member of the institute from St. Jude.

81. This week in Memphis history: November 1-7 -

2012: On the front page of The Daily News, Memphis-based International Paper Co. confirmed it was exploring its options in expanding its Memphis headquarters, including looking at relocating in other cities. The company’s leaders later decided to expand the Memphis footprint in the Poplar Corridor with another building in the complex near Poplar Avenue and Massey Road.

82. New in Rural Tennessee: Discovery Park of America -

UNION CITY, Tenn. (AP) – The gleaming white building with curved exteriors and a spaceship-like tower emerges from the flat landscape of West Tennessee like something out of science fiction, but it's not a villain's lair or superhero's headquarters.

83. Stocks March Into Higher Realm -

Found: New Highs!

Markets continued their record march this week as a tepid jobs report reinforced expectations for further Fed stimulus. In anticipation of “print it” Janet’s reign, the 10-year Treasury yield has frozen at 2.5 percent. With a valuation of 17x trailing operating earnings, S&P 500 earnings yield nearly 6 percent. Obviously 6 percent is more than 2.5 percent, making stocks more attractive than bonds. To wit, equity mutual funds have added $32 billion in assets since May 31, while bond mutual funds have shed $128 billion. The longer interest rate expectations remain anchored at low levels, the more enticing the gap between the earnings yield for stocks and the interest rate yields for bonds. This explains the continued push into record territory for the stock market. As rate increase fears abate, stocks escalate.

84. Hotel REIT Transfers 3 Germantown Properties -

7750 Wolf River Parkway Germantown, TN 38138
9314 Poplar Pike Germantown, TN 38138
9320 Poplar Pike Germantown, TN 38138

85. Park Ave. Retail Center Owner Files $1.2 Million Loan -

The owner of the 10,998-square-foot retail strip center at 3477 Park Ave. near the University of Memphis has filed a $1.2 million loan on the property.

86. Avoid the Blog Bait -

Last week, the keystone cops in Washington signed yet another procrastination resolution to our festering debt and deficit issues. No matter. The market rallied into our fiscal D-Day and right after it to new all-time highs. Why? While the volume of reporting on the debt ceiling has grown substantially, the event itself is old news. Congress has raised the debt ceiling 45 times since the late 1970s. The debt level reached within 2 percent of the ceiling 37 of those times.

87. 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.

88. Industry Spotlight -

An audience of a few hundred people, including investors, entrepreneurs, researchers, clinicians and musculoskeletal industry leaders, is gathering in Memphis this week to network, learn about new business opportunities and hear about companies like Restore Medical Solutions, a Memphis-based medical device startup.

89. Organizations Honored For Homebuyer Education -

United Housing Inc. and the Binghampton Development Corp. have been recognized by the state for their role in creating homebuyer education programs.

90. Community Oasis -

A visitor walking the winding, sun-dappled paths of Memphis Botanic Garden past stands of maple trees and beds of hydrangeas might never guess that there was a time when a black cloud hung low over the East Memphis attraction.

91. Buying Yellen -

President Obama recently made it official that Janet Yellen will succeed Ben Bernanke as the head of the Federal Reserve. Janet has spent much of her career as a dedicated and vocal advocate for the unemployed. With participation rates low, and the unemployment rate high, the markets anticipate that Janet will continue, if not augment, Ben Bernanke’s expansionary monetary policies. A renewed enthusiasm for monetary stimulus has had observable market impact.

92. Meyers Returns to Roots at Glankler Brown -

Robert Meyers has joined Glankler Brown PLLC as a member, and it isn’t his first time around this block. He worked for the firm as a newly licensed attorney right out of law school.

93. Raymond James Boosts Local Community Efforts -

A new website and a significant sponsorship are two of the latest ways Raymond James Inc. is demonstrating its commitment to Memphis.

94. Organizations Honored for Homebuyer Education -

United Housing Inc. and the Binghampton Development Corp. have been recognized by the state for their role in creating homebuyer education programs.

95. Walker Associates Names Head of Nashville Branch -

Memphis-based marketing and communications firm Walker Associates has added Cecilia Walker as a new account executive.

96. Airport Center Signs Two New Tenants -

Memphis International Airport Center in Southeast Memphis has recently experienced positive leasing activity.

Lansing Building Products, a major supplier of building products such as siding, windows, gutters, trims, railings, columns and stone, renewed its 24,524-square-foot lease at 3510 Winchester Road.

97. Walker Associates Names Head of Nashville Branch -

Memphis-based marketing and communications firm Walker Associates has added Cecilia Walker as a new account executive.

98. Take a Deep Breath -

Last Monday, as Congress was debating the 97th version of the Continuing Resolution (CR), I decided to watch some of the floor remarks made from Capitol Hill. After about four minutes of viewing, the alarmist nature of the comments about the pending shutdown proved to be three minutes too much for me.

99. Lipscomb: Fairgrounds Retail to be ‘Market Driven’ -

Robert Lipscomb, director of the city of Memphis’ Division of Housing & Community Development, says the retail to be part of the city’s Fairgrounds overhaul will not be in competition with businesses in the nearby Cooper-Young Historic District or Overton Square.

100. Baptist Begins Work on Germantown Rehabilitation Facility -

Baptist Memorial Health Care Corp. is moving ahead with a new rehabilitation facility on South Germantown Road, aimed at helping meet increased demand from an aging population seeking to continue their independence after a devastating injury or illness.