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Editorial Results (free)

1. Collierville Land Sells for $1.5 Million -

Commercial property at Winchester and Byhalia roads in Collierville has sold for $1.5 million.

CGL Investments LLC sold two parcels of vacant land to Innovative Investments LLC. The address given on the Nov. 18 warranty deed was 484 Winchester Road, located on the northeast corner of Winchester and Byhalia.

2. Bank Earnings Up 7.3 Percent in 3rd Quarter -

U.S. bank earnings rose 7.3 percent in the July-September quarter from a year earlier, as banks reduced their expenses and continued to lend out more money, which help drive up revenue.

The data issued Tuesday by the Federal Deposit Insurance Corp. showed that the banking industry continues to recover from the financial crisis that struck six years ago.

3. Running Pony Nominated for Regional Emmys -

Memphis video production company Running Pony has been nominated for three regional Emmy awards.

The nominations were revealed at a ceremony in Nashville. Running Pony was nominated for a commercial campaign produced along with Sullivan Branding for University of Memphis Tigers football, and for a public service announcement produced along with King Quality Communications for Memphis Gun Down.

4. Lynnfield Place Apartments Sell for $22.4 Million -

The Lynnfield Place apartment community in East Memphis has sold for $22.4 million.

Lynnfield Apartments LLC, an affiliate of Hyde Capital LLC, purchased the 400-unit community at 1400 Lynnfield Road, between Park Avenue and Quince Road in East Memphis, from Lynnfield Holdings LLC, according to a Nov. 7 special warranty deed. Hyde Capital LLC lists an address of 3094 Autumnwood Ave. in Memphis, the same address of the 324-unit Autumnwood Apartments, which is owned by an affiliate of Hyde Multifamily Investments LLC.

5. This week in Memphis history: November 28-December 4 -

2006: Memphis Mayor Willie Herenton and former heavyweight boxing champion Joe Frazier boxed at the Peabody Hotel in an exhibition for the Shelby County Drug Court.

6. Pepsi Gets Super Bowl Campaign Started Early -

NEW YORK (AP) – Super Bowl 49 is still more than two months away, but Pepsi is drumming up an audience for the halftime show.

Pepsi has been a long-time Super Bowl commercial sponsor and is sponsoring the halftime show for the third time. It will feature singer Katy Perry. Super Bowl 49 is slated to be played Feb. 1, 2015, in Phoenix and will be broadcast on NBC.

7. Hearts and Minds -

Last fall, officials at Treadwell Middle School launched a school-wide beautification campaign, reaching out to anyone or any group that could help.

Lowe’s Home Improvement provided a $5,000 grant to help beautify a courtyard at Treadwell Middle and Memphis City Beautiful Commission also provided a grant and much more – a connection between the school and two commercial real estate businesses, Prologis and Colliers International Memphis.

8. Bank Earnings Up 7.3 Percent in Third Quarter -

NEW YORK (AP) – U.S. bank earnings rose 7.3 percent in the July-September quarter from a year earlier, as banks reduced their expenses and continued to lend out more money, which help drive up revenue.

9. Spillyards Leads Community Advisors Launch -

Greg Spillyards has joined the brokerage team at Cushman & Wakefield/Commercial Advisors to launch the firm’s Community Advisors service line.

Community Advisors is focused on the Memphis city core, with a goal to provide real estate advisory services to assist in the revitalization of the city’s underserved areas with passion, creativity and entrepreneurship, and with service to those already living and leading in their neighborhoods.

10. Framing a Business -

Tom Clifton loves what he does for a living so much that he’ll sometimes happily bound into the office on Sundays to take care of a project.

11. Running Pony Nominated for Regional Emmys -

Memphis video production company Running Pony has been nominated for three regional Emmy awards.

The nominations were revealed at a ceremony in Nashville. Running Pony was nominated for a commercial campaign produced along with Sullivan Branding for University of Memphis Tigers football, and for a public service announcement produced along with King Quality Communications for Memphis Gun Down.

12. Lynnfield Place Apartments Sell for $22.4 Million -

1400 Lynnfield Road
Memphis, TN 38119
Sale Amount: $22.4 million

Sale Date: Nov. 7, 2014
Buyer: Lynnfield Apartments LLC
Seller: Lynnfield Holdings LLC
Loan Amount: $20 million
Loan Date: Nov. 3, 2014
Borrower: Lynnfield Apartments LLC
Lender: Arbor Commercial Funding LLC
Details: The Lynnfield Place apartment community in East Memphis has sold for $22.4 million.

13. Germantown Mayor-Elect Discusses Revenue, Schools -

The incoming mayor of Germantown wants to grow the city’s sales tax base to make its government a bit less reliant on property tax revenue.

Property taxes fund about 60 percent of Germantown city services, said mayor-elect Mike Palazzolo, who takes office Dec. 16. Sales tax revenue funds another 16 percent, with the rest coming from fees and state and federal funding.

14. Lynnfield Place Apartments Sell for $22.4 Million -

The Lynnfield Place apartment community in East Memphis has sold for $22.4 million.

Lynnfield Apartments LLC, an affiliate of Hyde Capital LLC, purchased the 400-unit community at 1400 Lynnfield Road, between Park Avenue and Quince Road in East Memphis, from Lynnfield Holdings LLC, according to a Nov. 7 special warranty deed. Hyde Capital LLC lists an address of 3094 Autumnwood Ave. in Memphis, the same address of the 324-unit Autumnwood Apartments, which is owned by an affiliate of Hyde Multifamily Investments LLC.

15. One Stop Grows From Changing Church Base -

In a city known for its churches and the culture of those churches, Betty Hobson has found a business model that shows just how broad and deep the influence of those churches can be.

16. I Choose Memphis: Philipp von Holtzendorff-Fehling -

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

Name: Philipp von Holtzendorff-Fehling

17. Wharton Says Southbrook Mall Qualifies for Federal Bonds -

The proposed renovation of Southbrook Mall is lurching back to life after months off the political radar screen.

Memphis Mayor A C Wharton Jr. announced Thursday, Nov. 20, that a renovation of the mall could be financed with up to $2.1 million in federal bonds through the Memphis Green Communities Program.

18. AutoZone Shares Draw Interest From New Research Firms -

The stock of Memphis-based AutoZone Inc. has picked up new coverage from a handful of investment firms in recent weeks that have assigned a range of ratings to the stock.

19. Green Hills in Full Boom Despite Traffic Woes -

Stephen Graw first moved to Green Hills in 2004 right after college, renting a house with a bunch of buddies from school. Like his neighborhood, he’s done a lot of growing in the last decade and is now a senior advisor at Sperry Van Ness Nashville and on the Chamber West Leadership Council.

20. Hillsboro High Land Sale: New School, Big Profit -

Merritt Rowe knows her children will never personally benefit from any changes to Hillsboro High School in Green Hills, but as the parent of two current students and another starting next year, it is something she is willing to fight for and encourages other parents – especially those of future students – to do the same.

21. Wharton Says Southbrook Mall Qualifies For Federal Bonds -

The proposed renovation of Southbrook Mall lurched back to life Thursday, Nov. 20, after months off the political radar screen.

Memphis Mayor A C Wharton Jr. announced Thursday a renovation of the mall could be financed with up to $2.1 million in federal bonds through the Memphis Green Communities Program.

22. Memphis May Offer Less Police Services -

Memphis Police Director Toney Armstrong says some services provided by the agency will likely be reduced soon because of staffing levels.

Armstrong told The Commercial Appeal that staffing levels have dropped to 2,160 as of Tuesday, which is the lowest level since 2009.

23. Boyle Sees Opportunity in East Memphis -

Memphis-based Boyle Investment Co. hopes to break ground next year on a new office building at its Ridgeway Center complex near Poplar Avenue and Shady Grove Road, according to company officials.

24. BankTennessee Celebrates 80 Years in Business -

The bank got its start in 1934 as First Federal Savings and Loan Association, founded by a group of local Memphis bankers and businessmen.

In 1997, its name was changed to BankTennessee. And this year, it’s celebrating its 80th anniversary – a milestone that finds the institution as a more expansive organization, coming off one of its most successful years in 2013, with a larger geographic footprint and a much more robust suite of products and services than it started with.

25. Loeb Buys Office Complex in Heart of East Memphis -

Loeb Properties has acquired an office complex in the heart of East Memphis, the company’s first major acquisition since it bought Overton Square in July 2012.

Memphis-based Loeb Properties purchased Executive Square, a 40-suite professional office complex at Poplar Avenue and Yates Road in East Memphis, from F. William Hackmeyer for $3.85 million.

26. Makowsky Ringel Greenberg Still Going Strong -

In 2008, Memphis-based Makowsky Ringel Greenberg LLC acquired land inside the Schilling Farms community in Collierville for a new high-end apartment development.

27. Trustmark’s Neal Finds Plenty to Like in CRE -

Trustmark National Bank senior vice president Rick Neal, who manages the bank’s commercial real estate efforts for the Memphis region, came to the bank in 2012 for a couple of reasons.

28. Hillwood to Launch Two Spec Buildings in DeSoto County -

A Texas-based development firm will start turning dirt soon on a massive new business park in DeSoto County.

Hillwood Investment Properties is expected to begin site work in around 30 days on Legacy Park, a 266-acre distribution and business park on the south side of Goodman Road, just east of Hacks Cross Road near Polk Lane.

29. McGuire Joins Insight Risk Management -

Myles McGuire has joined Insight Risk Management LLC as a corporate consultant. In his new role, he will consult with commercial clients and place them with the appropriate coverages to protect their business from risk and liability issues.

30. Shelby County Mortgage Volume Up 2 Percent -

When Patriot Bank executive vice president Keith Barger surveys the local mortgage lending landscape, he sees demand improving and homebuyers increasingly flocking – successfully – to bargains in the housing market.

31. Historic Brewery Sold and Ready for Development -

The long-vacant Tennessee Brewery Downtown has been sold for $825,000 and could soon see new life.

The Tennessee Brewery LLC, a trust of the family that owns Memphis general contractor BHN Corp., sold the shuttered brewery at 495 Tennessee St. to 495 Tennessee LLC, according to a Nov. 5 warranty deed filed with the Shelby County Register of Deeds office.

32. Scripps Sees Newspaper Revenues Decline -

The newspaper unit of The E.W. Scripps Co., parent company of The Commercial Appeal, barely made enough money to cover expenses in the third quarter.

33. Ridesharing Could Get City OK -

Legislation making its way through the Memphis City Council would allow transportation network companies such as Lyft and Uber to operate under the law.

Regulatory issues surrounding the services, which spread quickly across the country and sometimes violated dated municipal transportation policies, arose earlier this year.

34. Overton Square Highlights Commercial Real Estate Positives -

The old owners of Overton Square had a plan to remove existing local tenants and retailers and replace them with national retailers.

They succeeded in emptying Overton Square of tenants, but couldn’t attract new national retailers, leaving what was left to twist in the wind.

35. FedEx Founder: Expect More Automation -

FedEx founder, chairman and CEO Fred Smith is pretty confident that robotics, automation and perhaps drones will play an increasingly large role in the FedEx of the future.

36. C Spire Opens $23M Starkville Data Center -

Telecommunications firm C Spire say it has opened its $23 million Starkville data center.

The company announced Monday that the center, part of its strategy to sell more services to businesses, was operational.

37. CCRFC Considers Bonds for Crosstown Conservation -

The Sears Crosstown redevelopment project could get an infusion of funds for energy conservation efforts.

The Center City Revenue Finance Corp., the financial arm of the Downtown Memphis Commission, is considering issuing $14.5 million in Qualified Energy Conservation Bonds on Tuesday, Nov.. 11, and the $180 million Crosstown project could claim some of those funds.

38. Station Inn: Music History Amid Gulch High-Rises -

J.T. Gray – who pioneered smokeless nightclubs before it became fashionable (and/or mandated) – is glad to see sparkling condo towers, office buildings, restaurants and the like sprouting around him. After all, these newcomers eventually might find themselves inside his time-out-of-mind blockhouse where Bill Monroe used to just drop by and pick.

39. CCRFC Considers Bonds for Crosstown Conservation -

The Sears Crosstown redevelopment project could get an infusion of funds for energy conservation efforts.

The Center City Revenue Finance Corp., the financial arm of the Downtown Memphis Commission, is considering issuing $14.5 million in Qualified Energy Conservation Bonds on Tuesday, Nov.. 11, and the $180 million Crosstown project could claim some of those funds.

40. Commercial Sales Rise in Third Quarter -

Commercial sales were up in the third quarter when compared to the same period last year, according to real estate information company Chandler Reports, www.chandlerreports.com.

41. CCRFC Considers Conservation Bonds for Crosstown -

The Sears Crosstown redevelopment project could get an infusion of funds for energy conservation efforts.

The Center City Revenue Finance Corp., the financial arm of the Downtown Memphis Commission, is considering issuing $14.5 million in Qualified Energy Conservation Bonds for the $180 million Crosstown project for energy conservation efforts.

42. Events -

Cannon Wright Blount will present “Getting Started With QuickBooks: Learn from the Experts” Thursday, Nov. 6, from 9:30 a.m. to 11:30 a.m. in its boardroom, 756 Ridge Lake Blvd., suite 100. Cost is $75. Register at cannonwrightblount.com/resources or call 685-7500.

43. Council Pans City Garbage Proposal -

The administration of Mayor A C Wharton Jr. calls it SMART – Save Money And Reduce Trash. It’s a rebranding of the slow move to a pay-as-you-throw concept for city garbage and trash pickup.

44. Voters Approve Wine, Constitutional Amendments -

Shelby County citizens voted 2-to-1 Tuesday, Nov. 4, against a proposed amendment to the Tennessee Constitution that gives the Tennessee Legislature the power to regulate abortion, including in cases of rape or incest.

45. Council Votes Down Elvis Presley Boulevard Car Lot -

The Memphis City Council voted down Tuesday, Nov. 4, the move of a used car lot on land owned by Graceland to a lot further north on Elvis Presley Boulevard near the new 450-room resort style hotel Elvis Presley Enterprises is building.

46. C Spire Opens $23 Million Starkville Data Center -

Telecommunications firm C Spire say it has opened its $23 million Starkville data center.

The company announced Monday that the center, part of its strategy to sell more services to businesses, was operational.

47. Events -

The Booksellers at Laurelwood will host Ally Condie, author of “Atlantia,” for a discussion and book signing Wednesday, Nov. 5, at 6:30 p.m. at the bookstore, 387 Perkins Road Extended. Visit thebooksellersatlaurelwood.com.

48. Events -

Memphis Reads, the citywide community reading program, will host Dinaw Mengestu, author of Memphis Reads selection “The Beautiful Things That Heaven Bears” Tuesday, Nov. 4, for a reading at 5:30 p.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave. Mengestu will also speak at 8 p.m. at the University Theater on the Christian Brothers University campus, 650 East Parkway S. Both events are free. Visit cbu.edu.

49. Midtown Success Highlights Commercial Real Estate Growth -

Loeb Properties Inc. plans to build on the momentum it has created at Overton Square while turning its attention to other parts of Midtown.

50. Events -

Memphis Reads, the citywide community reading program, will host Dinaw Mengestu, author of Memphis Reads selection “The Beautiful Things That Heaven Bears” Tuesday, Nov. 4, for a reading at 5:30 p.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave. Mengestu will also speak at 8 p.m. at the University Theater on the Christian Brothers University campus, 650 East Parkway S. Both events are free. Visit cbu.edu.

51. -

SPECIAL EDITION Commercial Real Estate
...

52. University of Memphis Weighing Minimum Wage -

The University of Memphis is considering paying a minimum wage of $10.10 an hour and stepping into a national debate over how much workers should make for their efforts.

University President M. David Rudd told employees in an email last week that he's asked the state Board of Regents to raise base pay for the school's workers up from $8.75 an hour.

53. Staples Closes Stores, Keeps Distribution Center -

Just a few years after entering the Memphis market, Staples Inc. has closed all of its local stores, including a location on a prime piece of commercial real estate in East Memphis.

54. Events -

Memphis Reads, the citywide community reading program, will host Dinaw Mengestu, author of Memphis Reads selection “The Beautiful Things That Heaven Bears” Tuesday, Nov. 4, for a reading at 5:30 p.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave. Mengestu will also speak at 8 p.m. at the University Theater on the Christian Brothers University campus, 650 East Parkway S. Both events are free. Visit cbu.edu.

55. Turner Looks to Increase Professional Advancement in Commercial Real Estate -

Bob Turner has a diverse background in real estate, including long stints in both residential and commercial development.

56. Mississippi Company Waited Years to Acquire The Horizon -

Walker Thrash, principal of Dawn Properties Inc., first heard about The Horizon shortly after work on the ambitious condominium tower overlooking the Mississippi River ground to a halt in 2009.

57. Real Estate Rally -

Commercial real estate can offer insight into the strength of the local economy. Through the office, retail, industrial and apartment developments that mark the region the economy at work in the real world can be seen.

58. -

SPECIAL EDITION Commercial Real Estate
...

59. Lewis Biography Details Turbulent Personal Life -

If you tuned into The Late Show with David Letterman Monday, Oct. 28, you saw Jerry Lee Lewis in a very unusual setting – not at the center of attention.

60. Staples Closes Memphis Stores, Keeps Distribution Center -

Just a few years after entering the Memphis market, Staples Inc. has closed all of its local stores, including a location on a prime piece of commercial real estate in East Memphis.

61. University of Memphis Weighing Minimum Wage -

The University of Memphis is considering paying a minimum wage of $10.10 an hour and stepping into a national debate over how much workers should make for their efforts.

University President M. David Rudd told employees in an email last week that he's asked the state Board of Regents to raise base pay for the school's workers up from $8.75 an hour.

62. Events -

The Orpheum Theatre will present “Once” Tuesday, Oct. 28, through Nov. 2 at the theater, 203 S. Main St. Buy tickets at orpheum-memphis.com.

63. Schools, Development Dominate Germantown Races -

Germantown will have a new mayor once all of the votes are counted Nov. 4 in the city’s municipal elections on the ballot.

But the race between former Germantown Community Services director George Brogdon and alderman Mike Palazzolo likely won’t completely settle the community’s discussion and debate about development and the future of the Germantown Municipal Schools district.

64. Events -

Tennessee Department of Environment and Conservation will hold a presentation and public hearing on the 2015-2025 Solid Waste and Materials Management Plan Monday, Oct. 27, from 1:30 p.m. to 3:30 p.m. in the Benjamin L. Hooks Central Library meeting room A, 3030 Poplar Ave. Visit tn.gov/environment/solid-waste to review the draft plan.

65. Succession Plan Charts Future For Linkous Construction -

As children, Jamie and Rusty Linkous used to hop in the family vehicle with their parents, R.E. and Clare Linkous, and visit work sites, watching firsthand the hard work their parents put into altering the built landscape of the city.

66. Memphis Economic Indicator Finds Optimism -

The latest Memphis Economic Indicator, a quarterly survey measuring general business sentiment produced jointly by The Daily News and Dixon Hughes Goodman LLP, found a downward trend in sentiment measured by almost all of the survey’s six standard questions.

67. Events -

RiverArtsFest 2014 will be held Friday, Oct. 24, through Sunday, Oct. 26, in the South Main Historic Arts District. The festival will feature a juried artist market, 50 musical acts, food courts, interactive art stations and more. Admission is free on Friday and $5 on Saturday and Sunday. Visit riverartsmemphis.org for hours and more information.

68. Willow Lake Sales Positive News For The Market -

The sale this week of five properties inside Willow Lake Business Park and Corporate Park for $4.2 million was welcome news for several reasons.

For one, true owners tend to take much better care of properties and market them more aggressively than special servicers like Bethesda, Md.-based CWCapital Asset Management.

69. First Tennessee Grows Beyond Home State -

This year may mark its 150th anniversary, but 2014 has proven to be a significant period for First Tennessee Bank for reasons beyond the celebration of a milestone birthday.

70. Rules on Bank Risk in Mortgage Bonds Being Adopted -

WASHINGTON (AP) — Federal regulators are proceeding with new rules that ease guidelines for banks selling mortgage securities and could mean fewer borrowers will need to make hefty down payments.

71. Experts to Provide Commercial Real Estate Outlook at Seminar -

Yes, Overton Square is booming, but that may not have been the case without Memphis-based Loeb Properties Inc.

72. Recruiter’s Career Twist -

Ask Janet Miller about her remarkable career at the Nashville Area Chamber of Commerce and she’ll likely attribute it to good timing or pass credit onto others.

73. Fed Survey Finds Moderate Growth Nationwide -

WASHINGTON (AP) – The U.S. economy was strengthening in most regions of the country in September to early October, helped by gains in consumer spending, manufacturing and commercial construction, according to the Federal Reserve's latest survey of business conditions.

74. Shelby County Residential Foreclosures Drop 22 Percent -

Foreclosures have been on a consistent downward slope in Shelby County, with newly available figures underscoring the comprehensive nature of the decline.

During third quarter 2014, the county saw 667 residential foreclosures, a 22 percent decline from the 853 filed during the same period in 2013, according to real estate information company Chandler Reports, chandlerreports.com.

75. Tennessee Constitutional Officers Get Own Spokespeople -

Tennessee's secretary of state, comptroller and treasurer are abandoning an effort to use one communications officer to speak on all three constitutional officers' behalf.

Treasurer David Lillard announced Friday he has hired Shelli King, a former marketing consultant at WTVF-TV in Nashville, to be his chief spokeswoman. Comptroller Justin Wilson previously hired former WZTV-TV reporter John Dunn to be his spokesman.

76. Acura of Memphis Owner Buys Dealership, Land -

2611 Ridgeway Road, 6055-6085 Acura Cove
Memphis, TN 38119
Sale Amount: $12.4 million

77. Three Companies Seek PILOTs for Projects -

Three companies – including a wing of Memphis-based FedEx – are considering investing more than $25 million in Memphis for new distribution operations that would create 272 new jobs.

“It's always good to see FedEx expanding and the other two projects appear to be new to Memphis,” said Kemp Conrad, principal of Cushman & Wakefield/Commercial Advisors. “This balanced growth is encouraging and we expect more good news later in the fourth quarter."

78. The Horizon Sells to Mississippi Developer for $13.5 Million -

A Mississippi-based developer has acquired the uncompleted Horizon condominium tower overlooking the Mississippi River in Downtown.

Dawn Properties Inc. of Hattiesburg, which is primarily involved in the acquisition, development and management of multifamily properties, has purchased the 16-story, 155-unit tower for $13.5 million and plans on completing the luxury condominiums.

79. VIA Productions Expands in Memphis -

A month after announcing one acquisition, Memphis-based video production company VIA Productions is still pursuing an “aggressive growth strategy,” including staff additions and more acquisitions.

80. Developers Seek Permit for The Annex Lofts -

Developers are preparing to move forward with The Annex Lofts project Downtown.

Vince Smith Jr., who is teaming up with Robert Mallory, applied for a $1.6 million building permit through the city-county Office of Construction Code Enforcement to begin converting the 38,776-square-foot space at 345 S. Front St. into 23 apartments. The Annex Lofts will also include an interior courtyard and basement parking.

81. Mississippi Renews Claims Memphis is Stealing Water -

Mississippi officials are renewing allegations that Memphis is stealing water from the state.

The U.S. Supreme Court refused in 2010 to consider a similar claim.

The Commercial Appeal reports that Mississippi is seeking at least $615 million in damages. That's less than half the previous claim of $1.3 billion.

82. McNeill Files Loans for Medical Office Park -

McNeill Commercial Real Estate, operating as Wolf River Kimbrough Partners, has filed two loans totaling $4 million for a planned medical office park.

McNeill filed for the loans with Financial Federal, according to two Oct. 1 commercial deeds of trust. Spence Ray of McNeill signed both deeds of trust.

83. Nashville School News Briefs -

Montgomery Bell Student, Faculty Films Air

Films and videos by Montgomery Bell Academy students and one faculty member will be featured Oct. 23 on the Nashville Education, Community and Arts TV channel’s Artober celebration.

84. UT Homecoming Weekend Events -

“Tennessee Traditions” is this year’s Homecoming theme.

Colleges and student organizations will host reunion activities throughout the weekend. For a list of all event details including registration information, visit www.volsconnect.com.

85. Developers Seek Permit for The Annex Lofts -

Developers are preparing to move forward with The Annex Lofts project Downtown.

Vince Smith Jr., who is teaming up with Robert Mallory, applied for a $1.6 million building permit through the city-county Office of Construction Code Enforcement to begin converting the 38,776-square-foot space at 345 S. Front St. into 23 apartments. The Annex Lofts will also include an interior courtyard and basement parking.

86. November Council Vote On Pension Reform Likely -

Memphis City Council members again delayed final votes on a set of ordinances that would change pension benefits for city employees.

The delay Tuesday, Oct. 7, on third and final reading of several pension ordinances was expected. The items are now on the Oct. 21 council agenda, but council members expect there will not be a vote then either and city Chief Administrative Officer George Little said the administration can live with a further delay.

87. Paragon Launches Small-Business Group -

Memphis-based Paragon Bank is expanding beyond the city, thanks to its launch of a new division focused on small-business lending.

88. Council Delays Pension Action, Broods Over 'Key Members' Designation -

Memphis City Council members debated who is a “key member” of the body Tuesday, Oct. 7, as they delayed action on changes to city employee pensions into November.

The delay on third and final reading of several pension ordinances was expected. The items are now on the Oct. 21 council agenda. But council members expect there will not be a vote then either and city Chief Administrative Officer George Little said the administration can live with a further delay.

89. Bible Joins Shea Moskovitz & McGhee -

Kirkland Bible has joined family law firm Shea Moskovitz & McGhee as an associate. In her new position, Bible will represent clients in a variety of family law matters, including divorce, post-divorce and child custody matters.

90. Mississippi Renews Claims Memphis is Stealing Water -

Mississippi officials are renewing allegations that Memphis is stealing water from the state.

The U.S. Supreme Court refused in 2010 to consider a similar claim.

The Commercial Appeal reports that Mississippi is seeking at least $615 million in damages. That's less than half the previous claim of $1.3 billion.

91. McNeill Seeks Permits for Germantown Medical Offices -

1432 Kimbrough Road and 1468 Kimbrough Road
Germantown, TN 38138
Project Cost: $2.6 million

92. City Council Weighs Fluid Benefits Decisions -

Memphis City Council members have third and final votes scheduled Tuesday, Oct. 7, on a set of changes to the city’s pension benefits that are the second of two major sets of reforms in benefits for city employees and retirees.

93. Orgel Hints at Tennessee Brewery Plans -

The owner of the Tennessee Brewery said the historic property could be transformed into a mixed-use project featuring apartments and some ground-floor commercial space, according to a news report.

Billy Orgel, president of cell phone tower development firm Tower Ventures, said the “likely” use of the massive property overlooking the Mississippi River at 495 Tennessee St. would be a combination of residential and commercial space, according to the Memphis Business Journal.

94. McNeill Files Loans for Medical Office Park -

McNeill Commercial Real Estate, operating as Wolf River Kimbrough Partners, has filed two loans totaling $4 million for a planned medical office park.

McNeill filed for the loans with Financial Federal, according to two Oct. 1 commercial deeds of trust. Spence Ray of McNeill signed both deeds of trust.

95. Flintco Makes Memphis Leadership Promotion -

Flintco LLC, a leading commercial contractor, has made a key leadership promotion in Memphis.

Tim Weatherford has been named vice president and area manager of Flintco’s Memphis office.

96. McNeill Seeks Permits for Germantown Office Park -

A developer planning a mixed use development in Germantown has applied for two building permits for a medical office center.

McNeill Commercial Real Estate, operating as Wolf River Kimbrough Partnership, applied through the city-county Office of Construction Code Enforcement for two building permits totaling $2.4 million.

97. Airbnb, Other In-Home Vacation Rentals Face Rules, Taxes -

When Hume-Fogg teacher Elizabeth Smith and her husband became empty-nesters, they talked about downsizing.

98. US Factory Orders Posted Record Drop in August -

WASHINGTON (AP) – Orders to U.S. factories fell in August by the largest amount on record, but the drop was heavily weighed by an expected plunge in volatile aircraft orders.

A key category that tracks business investment plans posted a small increase, offering an encouraging sign that factory production will sustain momentum in the second half of this year.

99. Olive Branch Business Park Closer to Development -

A Texas-based development firm could start turning dirt soon on a massive new business park in Olive Branch.

Hillwood Investment Properties is expected to close on a land purchase next week that will clear the way for Legacy Park, a 265-acre distribution and business park on the south side of Goodman Road, just east of Hacks Cross Road near Polk Lane.

100. Paragon Bank Reports Profitable Quarter -

Paragon Bank’s most recent quarterly results show the bank sticking to the game plan for the rest of 2014 that Paragon executives outlined earlier this year at the company’s annual meeting.