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Editorial Results (free)

1. New York Life Sells Warehouses for $13M -

New York Life Insurance Co. has sold two distribution centers in Southpark Distribution Center for a combined $13 million.

2. Car Wash Facilities Sell for $29 Million -

Car Wash USA Express Holdings LLC, a Mississippi limited liability company, has sold its portfolio of car wash facilities located across Memphis and Shelby County.

3. Despite Stock Fall, Financial Health of Many Remains Solid -

WASHINGTON (AP) — Many Americans have just absorbed a financial beating — at least as measured by their stock holdings. It's the kind of blow that can feed a sense of helplessness about retirement, college savings and higher-than-expected bills.

4. New York Life Sells Warehouses for $13M -

New York Life Insurance Co. has sold two distribution centers in Southpark Distribution Center for a combined $13 million.

5. Memphis Investment Professionals Preach Caution Amid Market Swings -

The 1,000-point drop at one point Monday, Aug. 24, in the Dow Jones Industrial Average – it ended the day down 588 points to close at an 18-month low – was a result of volatile trading that marked a stomach-churning start to the week for investors.

6. Car Wash Facilities Sell for $29 Million -

Car Wash USA Express Holdings LLC, a Mississippi limited liability company, has sold its portfolio of car wash facilities located across Memphis and Shelby County.

7. Verso to Lay Off 600 in Maine, Kentucky -

Verso Corp. is permanently eliminating 300 jobs in Maine and laying off another 300 in Kentucky as it reduces production of coated paper and dried market pulp.

8. Home Depot Separates Itself From Retail Crowd in 2Q -

NEW YORK (AP) — Homes are getting a lot of TLC from their owners of late, which means better sales for businesses like Home Depot.

The world's largest home improvement retailer reported second-quarter results on Tuesday that surpassed Wall Street expectations, thanks largely to consumers opening their wallets. But Home Depot knows it's a change in mindset that is spurring homeowners to action.

9. Proposal Prompts Closer Look at Tax Breaks -

In recent years, the tax incentives used to bring economic development and jobs to Memphis have been a lightning rod.

The debate’s volume grew as it became apparent that Memphis was emerging from the national recession at a slower pace than other major cities as well as some parts of rural west Tennessee and north Mississippi.

10. Ballet Memphis Closes On French Quarter Suites Purchase -

2144 Madison Ave.
Memphis, TN 38104

Sale Amount: $4.2 million

Sale Date: Aug. 6, 2015

11. Leco Realty Credits Success To Hands-On Approach -

Over the past 33 years, Bert Less has weathered many financial storms with his property management company Leco Realty Inc.

12. Loeb Properties Buys Shops of Chickasaw Gardens -

Loeb Properties has purchased the three commercial real estate parcels that compose the Shops of Chickasaw Gardens along Poplar Avenue for $3 million.

Memphis-based Loeb, working as Loeb Bros. Realty LP, bought the property from 3181 Poplar Avenue Holdings LLC, an affiliate of CWCapital Asset Management LLC, according to an Aug. 5 special warranty deed.

13. Loeb Properties Buys Shops of Chickasaw Gardens -

Loeb Properties has purchased the three commercial real estate parcels that compose the Shops of Chickasaw Gardens along Poplar Avenue for $3 million.

Memphis-based Loeb, working as Loeb Bros. Realty LP, bought the property from 3181 Poplar Avenue Holdings LLC, an affiliate of CWCapital Asset Management LLC, according to an Aug. 5 special warranty deed.

14. $9.5 Million Permit Filed For Downtown Hotel -

310 Union Ave.
Memphis, TN 38103

Permit Cost: $9.5 million

Permit Date: Applied August 2015

15. ServiceMaster Grows Net Income, Revenue -

ServiceMaster Global Holdings Inc. reported second-quarter net income of $67 million Tuesday, Aug. 4, as compared to $40 million from the same quarter in 2014.

16. The Shops of Collierville Sells for $7.4 Million -

Mount Pleasant, S.C.-based Ziff Properties Inc. has acquired The Shops of Collierville for $7.4 million, according to a special warranty deed filed Aug. 3.

17. The Shops of Collierville Sells for $7.4 Million -

Mount Pleasant, S.C.-based Ziff Properties Inc. has acquired The Shops of Collierville for $7.4 million, according to a special warranty deed filed Aug. 3.

18. ServiceMaster Grows Net Income, Revenue -

ServiceMaster Global Holdings Inc. reported second-quarter net income of $67 million Tuesday, Aug. 4, compared with $40 million from the same quarter in 2014.

19. Sports Shorts -

Five Memphis Tigers Claim Scholar-Athlete Awards: Five University of Memphis student-athletes claimed Scholar-Athlete Sport Excellence Awards for their efforts on the field and in the classroom during the 2014-15 season, the American Athletic Conference has announced.

20. Colonial Country Club To Reopen South Course July 31 -

As part of an overall strategic plan to reinvigorate and sustain Colonial Country Club, the South Course is scheduled to reopen for play Friday, July 31, after undergoing a number of quality and playability improvements.

21. New Steakhouse Landing In Germantown -

Germantown is in line to get an upscale steakhouse.

Nashville-based J. Alexander’s Holdings has filed a $1.6 million building permit with the city-county Office of Construction Code Enforcement for a Stoney River Steakhouse and Grill at 7515 Poplar Ave. in Germantown. The location, just west of West Street and West Farmington Road, is near the Shops of Saddle Creek.

22. Cheaper Fuel Helps Southwest, United Post Record 2Q Profits -

DALLAS (AP) — Cheaper fuel and full planes are adding up to record airline profits, and the carriers are sharing the bounty with stockholders.

They're finally even giving passengers a break on fares.

23. Ikea Buys Cordova Acreage For Planned Memphis Store -

41 Acres for
Future Ikea Store

Sale Amount: $5.7 million

Sale Date: July 10, 2015

Buyer: IKEA Property Inc.

24. New Steakhouse Landing In Germantown -

Germantown is in line to get an upscale steakhouse.

Nashville-based J. Alexander’s Holdings has filed a $1.6 million building permit with the city-county Office of Construction Code Enforcement for a Stoney River Steakhouse and Grill at 7515 Poplar Ave. in Germantown. The location, just west of West Street and West Farmington Road, is in the Shops of Saddle Creek.

25. Clinton to Propose Increasing Capital Gains Taxes -

WASHINGTON (AP) — Hillary Rodham Clinton plans later this week to propose raising capital gains taxes for some investors, part of a larger campaign effort to encourage greater focus on longer-term economic growth rather than more immediate gains for investors.

26. REIT Buys Sears Properties in Sale-Leaseback -

In part of a major transaction to increase cash flow and make their retail spaces more productive, Sears Holdings Corp. sold four Memphis properties to its newly formed public real estate investment trust, Seritage Growth Properties, for a combined $17.6 million.

27. REIT Buys Sears Properties in Sale-Leaseback Transaction -

In part of a major transaction to increase cash flow and make its retail spaces more productive, Sears Holdings Corp. sold four Memphis properties to its newly formed public real estate investment trust, Seritage Growth Properties, for a combined $17.6 million.

28. NYSE Resumes Trading After Outage of More Than 3 Hours -

NEW YORK (AP) – Trading has resumed on the New York Stock Exchange after an outage of more than three hours caused by technical problems.

There was no interruption at the dozens of other U.S. stock exchanges Wednesday, including the Nasdaq, so investors were still able to buy and sell stocks easily.

29. Will Latest Inflammatory Comments Tarnish Trump's Brand? -

NEW YORK (AP) – Is Donald Trump's business empire as Teflon-coated as his hair appears to be?

Trump has found himself on the receiving end of the catchphrase he made famous on his reality show "The Apprentice" – "You're fired!" – after NBC dumped the real estate mogul Monday over comments he made about immigrants during his recent presidential campaign kickoff speech.

30. Knoxville’s Amazing Network of Trails, Parks and Waterways -

With the Great Smoky Mountains looming in the distance, and no shortage of ball fields and other outdoor recreation sites closer at hand, Knoxville and its surrounding communities don’t lack for recreational opportunities.

31. Supreme Court Upholds Nationwide Health Care Law Subsidies -

The Supreme Court on Thursday upheld the nationwide tax subsidies under President Barack Obama's health care overhaul, in a ruling that preserves health insurance for millions of Americans.

32. Michigan Investor Pays $7.5 Million for Hickory Hill Apartments -

5995 Waterstone Oak Way
Memphis, TN
Sale Amount: $7.5 million

Sale Date: June 11, 2015
Buyer: RoCo-Lakes LLC
Seller: RRE Waterstone Holdings LLC
Loan Amount: $6.2 million
Loan Date: June 11, 2015
Maturity Date: June 11, 2017
Lender: Keybank NA
Details: RoCo-Lakes LLC, a Michigan limited liability company, purchased two parcels comprising The Lakes at Ridgeway Apartments on June 11.

33. The Lakes at Ridgeway Apartments Sell For $7.5M -

RoCo-Lakes LLC, a Michigan limited liability company, purchased two parcels comprising The Lakes at Ridgeway Apartments on June 11.

34. The Lakes at Ridgeway Apartments Sell for $7.5 Million -

RoCo-Lakes LLC, a Michigan limited liability company, purchased two parcels comprising The Lakes at Ridgeway Apartments on June 11.

35. Chism Opens Capital Advisors/Bellwether Enterprise's Memphis Office -

Jeremy Chism has joined Capital Advisors/Bellwether Enterprise as vice president to open the company’s Memphis commercial real estate loan production office. The firm provides financing solutions through a vast network of insurance companies, CMBS lenders and commercial lenders for commercial real estate.

36. US Household Wealth Reaches New High: Nearly $85 Trillion -

WASHINGTON (AP) – A rising stock market and climbing home prices boosted Americans' net worth to a new high in the first three months of the year.

The Federal Reserve said Thursday that the value of Americans' stock holdings, real estate and other assets rose to $84.9 trillion from $83.3 trillion in the final three months of last year. Stock portfolios rose $487 billion, home values by $503 billion.

37. Del-Nat Sells Warehouse, Newby’s Makes A Comeback -

Del-Nat Tire Co. has unloaded a 500,000-square-foot warehouse in Southwest Memphis.

Sunhill Holdings LLC acquired the warehouse at 2365 Texas Drive for $6 million from Del-Nat Realty.

38. Solana Senior Living Facility Sells for $65.5 Million -

8199 Poplar Ave.
Germantown, TN 38138

Sale Amount: $65.5 million

Sale Date: May 27, 2015

39. LYFE Kitchen Pays $3M For East Memphis Spot -

LYFE Kitchen has purchased its East Memphis location from a division of Memphis-based Carlisle Corp.

LYFE bought the restaurant at 6201 Poplar Ave. from Wendelta Property Holdings LLC for $3 million, according to a May 29 warranty deed.

40. Downtown Business Owners Love CMA Fest -

It’s the business she’s chosen, and being a multi-bar owner gives Brenda Sanderson a unique perspective on what used to be called Fan Fair, a blue-collar celebration that has gradually been transformed into Nashville’s main culture festival and all-inclusive calling card.

41. Colonial Country Club Hires General Manager -

Colonial Country Club has hired John Schoenbeck as its new general manager.

As a “Class A” PGA Member, Schoenbeck has more than 22 years of golf club management experience and was most recently the managing director of The Woodlands Country Club, host of the PGA Champions Tour’s Insperity Invitational.

42. Snapshot: Memphis-Based Public Companies -

Here's a look at what's going on at the dozen public companies headquartered in Memphis:

AutoZone Inc.

AutoZone Inc. is one of the largest auto parts retailers and distributors in the U.S., with a store count of 5,476 as of Feb. 14. Since 1998, the company has repurchased $15.7 billion worth of its own shares. At the end of March, AutoZone continued its share buyback program with the authorization to buy back another $750 million in company stock. The company followed that news with plans to pursue a $650 million debt offering to be used for “general corporate purposes.” – Andy Meek

43. Talent Takes the Wheel -

As the economy continues to improve, employers are beginning to think of what they can do to attract and retain the best talent. In fact, I was just asked for tips on this very topic by a local employer.

44. Colonial Country Club Hires New General Manager -

Colonial Country Club has hired John Schoenbeck as its new general manager.

As a “Class A” PGA Member, Schoenbeck has more than 22 years of golf club management experience and was most recently the managing director of The Woodlands Country Club, host of the PGA Champions Tour’s Insperity Invitational.

45. Media Heads Rule Ranks of Best-Paid CEOs -

NEW YORK (AP) – They're not Hollywood stars, they're not TV personalities and they don't play in a rock band, but their pay packages are in the same league.

Six of the 10 highest-paid CEOs last year worked in the media industry, according to a study carried out by executive compensation data firm Equilar and The Associated Press.

46. Top 3 US Airlines Step Up Attack on Middle Eastern Carriers -

Leaders of the three largest U.S. airlines are stepping up their attack against Middle Eastern competitors that they say get unfair government subsidies.

The CEOs of American Airlines Group Inc., Delta Air Lines Inc., and United Continental Holdings Inc. made a rare public appearance together Friday at the National Press Club in Washington to detail their claims.

47. Teens Still Critical After Resort Poisoning -

Two Delaware teenagers are still in critical condition more than six weeks after a banned pesticide was sprayed at the Caribbean resort where they were staying, their family said Monday.

Sean and Ryan Esmond and their parents fell ill after an applicator working for Terminix used the pesticide methyl bromide at the resort in the U.S. Virgin Islands.

48. Shops at Kirby Gate Sells for $3.4 Million -

A California-based investor has purchased the Shops at Kirby Gate in East Memphis for $3.4 million.

An affiliate of Los Angeles-based Westwood Financial Corp. acquired the shopping center at the northwest corner of Quince Road and Kirby Parkway from Shops at Kirby Gate LLC, according to public records.

49. Teens Still Critical 6 Weeks After Resort Poisoning -

Two Delaware teenagers are still in critical condition more than six weeks after a banned pesticide was sprayed at the Caribbean resort where they were staying, their family said Monday.

Sean and Ryan Esmond and their parents fell ill after an applicator working for Terminix used the pesticide methyl bromide at the resort in the U.S. Virgin Islands.

50. ServiceMaster Ups First-Quarter Earnings -

Memphis-based ServiceMaster Global Holdings Inc. posted first-quarter earnings of $28 million, the company reported Tuesday, April 28.

51. Midtown Momentum -

Kroger Co., buoyed by the Crosstown Concourse development and increased investment in Midtown as a whole, has purchased properties associated with the long-dormant Washington Bottoms project at Poplar Avenue and Cleveland Street.

52. IHeartMedia Sells Four Memphis Radio Towers -

IHeartMedia + Entertainment Inc. has sold four of its Memphis radio towers for $6.3 million as part of a national deal topping $300 million.

53. Wal-Mart Moves Forward With New Supercenter -

6790 Raleigh Lagrange Road
Memphis, TN 38134
Permit Amount: $600,000

Permit Application Date: April 2015
Owner: Wal-Mart Stores Inc.
Tenant: Wal-Mart Stores Inc.
Architect: Carlos Perez
Details: Wal-Mart Stores Inc. is moving forward with plans for a new supercenter near Interstate 40 and Whitten Road.

54. IHeartMedia Sells Four Memphis Radio Towers -

IHeartMedia + Entertainment Inc. has sold four of its Memphis radio towers for $6.3 million as part of a national deal topping $300 million.

55. Bristol on Union, Crowne Plaza Poised For Sales -

Two key pieces of commercial real estate – one Downtown and one in the Memphis Medical District – are poised to trade hands.

A joint venture between New York-based DRA Advisors LLC and Memphis-based Fogelman Properties LLC have entered into an agreement to acquire the 220-unit Bristol on Union apartment community at Union Avenue and Interstate 240 from Sentinel Real Estate Corp, which has owned and operated the property since 2006.

56. Woods at Ridgeway Buyer Files $15.2 Million Loan -

The buyer of the Woods at Ridgeway, an apartment community near the northeast corner of Ridgeway and Knight Arnold roads, filed a $15.2 million loan in association with the recent $18.5 million purchase of the community from an affiliate of Michigan-based ROCO Real Estate.

57. Bristol on Union, Crowne Plaza Memphis Poised for Sales -

Two key pieces of commercial real estate – one Downtown and one in the Memphis Medical District – are poised to trade hands.

A joint venture between New York-based DRA Advisors LLC and Memphis-based Fogelman Properties LLC have entered into an agreement to acquire the 220-unit Bristol on Union apartment community at Union Avenue and Interstate 240 from Sentinel Real Estate Corp, which has owned and operated the property since 2006.

58. What's in a Hotel Name? Guests Try to Decipher the Mystery -

NEW YORK (AP) – Today's traveler faces a bewildering choice of hotel brands with similar-sounding and confusing names. Want to stay at a Hyatt? Take your pick. There's Hyatt Regency, Park Hyatt, Grand Hyatt, Hyatt House, Hyatt Place and, coming soon, Hyatt Centric.

59. The Woods at Ridgeway Sells for $18.5 Million -

The Woods at Ridgeway, an apartment community at the northeast corner of Ridgeway and Knight Arnold roads, has sold for $18.5 million to an affiliate of Michigan-based ROCO Real Estate.

Roco-Woods LLC bought the Class C property, which has about 550 units, from RRE Wyndridge Holdings LLC, according to a March 26 warranty deed.

60. Bypass the Taxman via Property Exchange -

Most of us are ankle, knee, elbow, perhaps even chin deep in the process of filing tax returns. A recent publication noted that even those due refunds wait until the last minute to submit their bills to Uncle Sam.

61. Big Leap From Hollywood Hustle to Nolensville ‘Barn’ -

The step-grandmother of Clark Gable’s granddaughter leans back in her chair inside the Mennonite furniture store and holds up a foot.

“Look. I’m wearing orange socks. I must be eccentric,” says Linda Roberts as a gray, misty day chases me from Nolensville Road into the worn building tucked against Mill Creek.

62. Woods at Ridgeway Apartments Sell for $18.5 Million -

6277 Lake Arbor Drive and 6206 Knight Arnold Road
Memphis, TN 38115
Sale Amount: $18.5 million

63. The Woods at Ridgeway Sells for $18.5 Million -

The Woods at Ridgeway, an apartment community at the northeast corner of Ridgeway and Knight Arnold roads, has sold for $18.5 million to an affiliate of Michigan-based ROCO Real Estate.

Roco-Woods LLC bought the Class C property, which has about 550 units, from RRE Wyndridge Holdings LLC, according to a March 26 warranty deed.

64. ServiceMaster Announces Post Secondary Stock Offering -

Memphis-based ServiceMaster Global Holdings Inc. filed notice Friday, March 20, of its proposed secondary offering of common stock.

65. Arizona Real Estate Firm Buys Storage Facility -

An Arizona-based real estate firm has acquired a Memphis mini-storage facility for $3.8 million.

Phoenix-based AMERCO Real Estate Co. bought the American Mini Storage facility at 7399 U.S. 64 from 7399 US Highway 64 Holdings LLC, which is affiliated with Florida-based LNR Partners Inc., for $3.8 million, according to a Feb. 24 warranty deed.

66. Elvis' Planes Could Take Flight in New Museum -

Two jets once belonging to Elvis Presley that have been displayed at Graceland for years could be destined for a museum, if the group that owns the planes has its way.

OKC Partnership, which owns the Lisa Marie and Hound Dog II jets, has applied to the Office of Planning and Development for a planned development to allow a museum featuring Elvis Presley’s airplanes at 3850 Elvis Presley Blvd. The museum would be located on a vacant lot that was formerly home to Covenant Presbyterian Church.

67. MRG Enjoys Flurry of Leasing Activity -

Memphis-based Makowsky Ringel Greenberg LLC is reporting leasing activity at its retail, office and industrial properties.

68. Brewery Developers Buy Site for New Apartment Building -

11 Butler Ave.
Memphis, TN 38103
Sale Amount: $1.25 million

Sale Date: Feb. 23, 2015
Buyer: 495 Tennessee LLC
Seller: BCH Investments LLC
Details: The team behind the development of the historic Tennessee Brewery has acquired a key piece of property adjacent to the long-vacant structure as plans for the new Tennessee Brewery: The Revival series of events there move forward.

69. Arizona Real Estate Firm Buys Storage Facility for $3.8 Million -

An Arizona-based real estate firm has acquired a Memphis mini-storage facility for $3.8 million.

Phoenix-based AMERCO Real Estate Co. bought the American Mini Storage facility at 7399 U.S. 64 from 7399 US Highway 64 Holdings LLC, which is affiliated with Florida-based LNR Partners Inc., for $3.8 million, according to a Feb. 24 warranty deed.

70. ServiceMaster Posts 2014 and Fourth-Quarter Revenue Gains -

Sales of new services at Terminix, the acquisition of Home Security of America Inc. and organic growth at American Home Shield prompted Memphis-based ServiceMaster Global Holdings Inc. to post increases in revenues Thursday, Feb. 26, for the year 2014 and the fourth quarter of the year.

71. Saudi Prince set to Visit Memphis Monday -

A member of the Saudi royal family, Prince Khaled bin Alwaleed, is scheduled to visit Memphis Monday, touring locations that include the Ronald McDonald House of Memphis.

The prince, who’s also the founder of private investment company KBW Investments, is set to tour the Ronald McDonald House facilities and have lunch with the organization’s staff, board members and founders. While there, he’ll also speak with families and learn about the organization’s history and mission, among other things.

72. Shelby Farms Conservancy Seeks $7.2 Million in Permits -

6093 N Patriot Lake Blvd.
415 E. Patriot Lake Blvd.
Memphis, TN 38118
Permit Amount: $7.2 million

73. Open In Memphis -

First-year Memphis Open tennis director Erin Mazurek no doubt could tell you more than you ever wanted to know about the Detroit Red Wings.

Mazurek spent five years working for the National Hockey League team as director of private events. So, she’s got a history there. She knows the value of winning and what the Stanley Cup means (last won by the Red Wings in 2008).

74. Airport Business Park Sells for $4.7 Million -

A group affiliated with a Dallas-based commercial real estate financing company has acquired Airport Business Park at a significant discount.

CRE ABP Memphis LLC, which is affiliated with Dallas-based Gearing Capital Partners Inc., bought Airport Business Park from Allegiance Realty Corp. for $4.7 million, according to a Jan. 21 warranty deed.

75. Randy Odom Named CEO of Memphis Athletic Ministries -

Randy Odom has been named president and chief executive officer of Memphis Athletic Ministries. Odom joined MAM in 2006 as a neighborhood center director and became chief operating officer in 2012. In his new role, he oversees all operations and programming for 10 neighborhood youth centers that serve more than 900 underserved youth after school each day.

76. Airport Business Park Sells for $4.7 Million -

A group affiliated with a Dallas-based commercial real estate financing company has acquired Airport Business Park at a significant discount.

CRE ABP Memphis LLC, which is affiliated with Dallas-based Gearing Capital Partners Inc., bought Airport Business Park from Allegiance Realty Corp. for $4.7 million, according to a Jan. 21 warranty deed.

77. Airlines Expect Another Big Year With Help From Cheaper Fuel -

DALLAS (AP) – Leaders of United and Southwest gave an upbeat forecast for 2015 that combined strong travel demand and cheaper fuel. Airline stocks soared on Thursday.

The price of jet fuel has dropped by about half since September, boosting airline profits and tamping down fear that global economic weakness could hurt the carriers. Analysts expect all four of the biggest U.S. airline operators to post bigger profits this year than in 2014.

78. Stonebridge Crossing Sells for $34.7 Million -

9300 U.S. 64
Lakeland, TN 38002
Sale Amount: $34.7 million

Sale Date: Jan. 5, 2015
Buyer: Lakeland Apartments TN Associates LLC
Seller: MRB Stonebridge LP
Loan Amount: $27.7 million
Loan Date: Dec. 15, 2014
Maturity Date: Feb. 1, 2025
Lender: Walker & Dunlop LLC
Details: An affiliate of a New York-based real estate investment firm has bought the Stonebridge Crossing Apartments in Lakeland for $34.7 million.

79. ServiceMaster Signals Desire to Strengthen Tennis Tournament -

After it was announced at a press conference at The Racquet Club of Memphis that ServiceMaster Global Holdings Inc. had entered into a three-year deal to be the presenting sponsor of the Memphis Open, the company’s chief financial officer, Alan Haughie, couldn’t help himself.

80. Townhome Community Sells for $7.2 Million -

An East Memphis townhome community has been sold for $7.2 million.

1704 Farmington LLC, an affiliate of New York-based CLK Properties, sold the 127-unit Class B townhome community at 6003 Bangalore Court, located on the north side of Quince Road near Lichterman Nature Center, to Ridgeway Holdings LLC, Waypoint LLC and Main Drive Properties LLC, according to a Jan. 13 special warranty deed. The sales price breaks down to $56,692 per unit.

81. ServiceMaster to Present Memphis Open -

Memphis-based ServiceMaster Global Holdings Inc. will be the presenting sponsor of the local Association of Tennis Professionals tour stop in February, it was announced Thursday afternoon at The Racquet Club of Memphis.

82. Townhome Community Sells for $7.2 Million -

An East Memphis townhome community has been sold for $7.2 million.

1704 Farmington LLC, an affiliate of New York-based CLK Properties, sold the 127-unit Class B townhome community at 6003 Bangalore Court, located on the north side of Quince Road near Lichterman Nature Center, to Ridgeway Holdings LLC, Waypoint LLC and Main Drive Properties LLC, according to a Jan. 13 special warranty deed. The sales price breaks down to $56,692 per unit.

83. House GOP Majority Aiming to Soften Financial Overhaul Law -

WASHINGTON (AP) – The newly bulked-up Republican majority in the House is aiming to soften the bite of legislation that grew out of the 2008 financial crisis and put banks and Wall Street under the most sweeping rules since the Great Depression.

84. Federal Reserve Paid Government Record $98.7 Billion in 2014 -

WASHINGTON (AP) – The Federal Reserve announced Friday that it paid the federal government a record $98.7 billion in 2014, a payment that reflects the central bank's earnings from holdings of Treasury bonds and mortgage-backed securities purchased to keep long-term interest rates low to boost the economy.

85. Bridges Receives $75,000 Gift From ServiceMaster -

Memphis-based not-for-profit Bridges has announced a $75,000 gift from ServiceMaster Global Holdings Inc., given on behalf of ServiceMaster employees.

86. Despite Global Weakness, Fed Upbeat About US Economy -

WASHINGTON (AP) – Federal Reserve policymakers who met in December expressed concern about weakness overseas but were upbeat enough about the U.S. economy and impact of lower oil prices to prepare for a likely interest rate hike sometime this year.

87. Justice Department: Verso can Acquire NewPage -

The U.S. Justice Department and Memphis-based Verso Paper Corp. have reached a settlement that will allow Verso to move ahead with its acquisition of NewPage Holdings Inc.

88. Big Deals Highlight 2014 Real Estate -

In Inked, we like to highlight local real estate transactions and the often-interesting companies leasing or buying commercial real estate space in the Memphis market. We also like to keep you informed about major deals before they happen and track companies that are critical to the local economy. Here are some important items that appeared in Inked in 2014.

89. Justice Department: Verso Can Acquire NewPage -

The U.S. Justice Department and Memphis-based Verso Paper Corp. have reached a settlement that will allow Verso to move ahead with its acquisition of NewPage Holdings Inc.

90. Volcker Critical of Delays in Bank Rule -

Former Federal Reserve Chairman Paul Volcker on Friday criticized a decision to delay full implementation of a rule that bears his name and aims to curb banks' risky investments.

The Fed said Thursday that it would delay until July 2017 the deadline by which U.S. banks will have to sell off potentially volatile holdings in private equity, venture capital and hedge funds.

91. Volcker Critical of Delays in Namesake Rule -

Former Federal Reserve Chairman Paul Volcker on Friday criticized a decision to delay full implementation of a rule that bears his name and aims to curb banks’ risky investments.

The Fed said Thursday that it would delay until July 2017 the deadline by which U.S. banks will have to sell off potentially volatile holdings in private equity, venture capital and hedge funds.

92. Fed Promises 'Patient' Approach to a Rate Increase -

WASHINGTON (AP) – The Federal Reserve is edging closer to raising interest rates from record lows given a strengthening U.S. job market and economy. But it says it will be "patient" in determining when to raise rates.

93. Wealth Gap Widens Between Whites and Minorities -

PORTLAND, Ore. (AP) – The economic recovery has not been equal among the races, according to a Pew Research Center study released Friday.

The study found that the wealth gap between white households and minorities has widened in recent years.

94. DeSoto Sears Distribution Center Up For Lease -

Struggling retailer Sears says it remains committed to the Memphis market despite that its 800,000-square-foot distribution center in Olive Branch is being marketed for lease.

Exeter Property Group recently began marketing the once-powerful retailer’s massive distribution center at 10425 Ridgewood Drive in Olive Branch for lease, a signal to some local real estate officials that Sears – which is facing significant financial and market headwinds – could be closing the center.

95. Sirius XM to Pay $3.8 Million to Settle Complaints -

Some Sirius XM customers, who were charged for satellite radio service they didn’t want, can now apply for a refund.

Sirius XM agreed Friday to pay $3.8 million to settle complaints that it misled customers with its advertising and billing practices. The money will be split among 46 states and the District of Columbia. Those in four states, California, Hawaii, Wyoming and New York, can’t apply for a refund, Sirius said.

96. These Retailers Could Use Some Holiday Cheer -

NEW YORK (AP) – The holiday shopping season is always a make-or-break period for struggling retailers.

But this year, the fight to grab shoppers has intensified, making it difficult for stores to use the season that accounts for about 20 percent of the retail industry's annual sales to bounce back.

97. HealthSouth Paying $750 Million for Home Health Business -

HealthSouth will spend about $750 million on the privately held owner of Encompass Home Health and Hospice in a deal that helps the rehabilitation hospital operator expand into home health care.

The Birmingham, Ala., company said Monday that Encompass, which is owned by EHHI Holdings Inc., will complement its inpatient rehabilitation business. Directors of both companies have approved the deal, which is expected to close before the end of the year.

98. 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.

99. HealthSouth Paying $750 Million for Home Health Business -

HealthSouth will spend about $750 million on the privately held owner of Encompass Home Health and Hospice in a deal that helps the rehabilitation hospital operator expand into home health care.

The Birmingham, Ala., company said Monday that Encompass, which is owned by EHHI Holdings Inc., will complement its inpatient rehabilitation business. Directors of both companies have approved the deal, which is expected to close before the end of the year.

100. 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.