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Editorial Results (free)

1. GE Pares Off Financial Unit and Returns to Industrial Roots -

General Electric is leaving the lending business, a major source of both profit and risk, as it continues to whittle its focus down to an industrial core.

The company said Friday that it will sell most of its GE Capital assets over the next two years, shedding businesses in a sector where it has had a tough time generating acceptable returns. GE also plans to repurchase as much as $50 billion of its own stock.

2. EFCO Corp. Leases West Memphis Industrial Space -

A large supplier of shoring for the concrete construction industry is opening a manufacturing facility in West Memphis, Ark., snatching up the last vacant industrial space in the city just across the Mississippi River.

3. EFCO Corp. Leases Last West Memphis Industrial Spot -

A large supplier of shoring for the concrete construction industry is opening a manufacturing facility in West Memphis, Ark., snatching up the last vacant industrial space in the city just across the Mississippi River.

4. Memphis Industrial Portfolio Sells for $86.3 Million -

A Minnesota-based real estate investment trust has acquired a large Memphis industrial portfolio for $86.3 million, one of the largest transactions ever recorded in the Memphis market.

Welsh Property Trust acquired the six-building, 2.3 million-square-foot portfolio from DCT Industrial Trust in a sale that was finalized last week. Built between 1998 and 2001, the six buildings are located in the Eastpark, Chickasaw and Southpoint Industrial Parks. The purchase price breaks down to about $37 per square foot.

5. Memphis Industrial Portfolio Sells for $82.6 Million -

A Minnesota-based real estate investment trust has acquired a large Memphis industrial portfolio for $82.6 million, one of the largest transactions ever recorded in the Memphis market.

Welsh Property Trust acquired the six-building, 2.3 million-square-foot portfolio from DCT Industrial Trust in a sale that was finalized last week. Built between 1998 and 2001, the six buildings are located in the Eastpark, Chickasaw and Southpoint Industrial Parks. The purchase price breaks down to about $37 per square foot.

6. Co-Branded Hilton to Rise in Germantown -

The first major mixed-use development in Germantown’s western gateway zone is moving forward and will include the first co-branded hotel in the Memphis area.

Developer Ray Gill of Gill Properties is moving forward with plans to build a development that includes office, retail and hotel space on the 10-acre site in Germantown that formerly housed the Nelson-Kirby Farm House.

7. FedEx Supply Chain Seeks $5.2M Permit -

FedEx Supply Chain Services is preparing to make improvements to a large southeast Memphis warehouse.

FedEx Supply Chain Services has applied for a $5.2 million building permit through the city-county Office of Construction Code Enforcement to make improvements to an employee entrance at 6005 Freeport Road, a 547,216-square-foot industrial building. Metro Construction LLC is listed as the contractor on the application.

8. Housing Crash Sends Beeson Into Commercial Real Estate -

Jacque Beeson entered the world of real estate when she was 19-years-old, working as an assistant to a homebuilder developing subdivisions. She stayed in the residential sector for 17 years, until the local housing market bottomed out in 2010.

9. Commercial Advisors Asset Services Sees Strong Growth -

Kemp Conrad joined the asset services team at Cushman & Wakefield/Commercial Advisors in 2007 after CB Richard Ellis acquired his former employer, Trammel Crow Co.

10. Real Estate Pros Upbeat -

After finally latching on to the broader national economic recovery in 2013, the Memphis-area commercial real estate market shook of the last vestiges of the Great Recession and roared back to life in 2014 with the office, retail, industrial and apartment sectors all producing solid gains.

11. Crone Promoted at Trane Mid-South -

Jim Crone has been promoted to comprehensive solutions business development manager with Trane Mid-South. In his new role, Crone will work with large commercial, industrial and institutional customers throughout the Mid-South to develop performance-based comprehensive solutions for capital improvements and operational efficiencies.

12. University of Memphis Engineering Alumni Plan Busy 2015 -

The alumni chapter of the University of Memphis Herff College of Engineering is ramping up efforts to help develop a strong engineering community in the city.

New president Jason Pendergrass said his goals include building alumni membership as well as helping the group act as a liaison between the university, local businesses and Shelby County at large.

13. Yellen Reiterates Fed's Patience in Raising Rates -

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen said Tuesday that the U.S. economy is making steady progress, but that for now the Fed is will remain patient about raising interest rates because the job market is still healing and inflation is too low.

14. Developer Charlie Ryan Focusing on Central-Cooper Intersection -

765 Tanglewood St.
Memphis TN 38104
Sale Amount: $27,000

Sale Date: Feb. 9, 2015
Buyer: Charles S. “Charlie” Ryan
Seller: Cowles Development Company LLC
Details: Developer Charles S. “Charlie” Ryan has acquired a key piece of Midtown property.

15. EDGE Leader Faults 'Vague' Concerns About Incentives -

The president of the Economic Development Growth Engine wants Memphis City Council members and Shelby County commissioners to approve proposed changes to payment-in-lieu-of taxes incentives the EDGE board grants.

16. TVA Sets Record Demand for February -

KNOXVILLE, Tenn. (AP) – The Tennessee Valley Authority says cold temperatures this week drove customers to set a record for demand for February.

TVA says the power demand hit an estimated 32,129 megawatts at 7 a.m. EST on Thursday. At that time, average temperatures in its coverage area hovered around 7 degrees.

17. Kuehne & Nagel Seeks $5.2 Million Permit -

Kuehne & Nagel is preparing to make improvements to its southeast Memphis warehouse.

Kuehne & Nagel has applied for a $5.2 million building permit through the city-county Office of Construction Code Enforcement to make improvements to an employee entrance at 6005 Freeport Road, a 547,216-square-foot industrial building built in 2000. Metro Construction LLC is listed as the contractor on the application.

18. Building From a New Blueprint -

When recruiting new businesses, East Tennessee economic development officials have long touted the benefits of partnering with the Oak Ridge National Laboratory and the University of Tennessee.

The lab and the university both have a history of working closely with private business to develop cutting-edge manufacturing techniques, technologies and new products. That research effort recently received a major boost with President Obama’s announcement of a new manufacturing innovation hub based in the Knoxville area.

19. Memphis Women in Business Face Low Receipts -

With a new political and civic push to improve minority business growth in Memphis’ public and private sectors, businesses owned by women are a specific part of the minority business community challenged in unique ways.

20. US Factory Output Rises 0.2 Percent in January -

U.S. factory production edged up last month as manufacturers cranked out more computers, clothing and steel and other metals, offsetting declines in autos and aerospace.

Factory production increased 0.2 percent in January after a flat reading in December, the Federal Reserve said Wednesday. December’s reading was revised down from a 0.3 percent gain. The data suggests manufacturing is still supporting the economy, even though it is growing at a weaker pace than last year.

21. Debt, Pension Overhang Top City Council Priorities -

UPDATE: Council committee sessions are beginning late Tuesday – at 10:30 a.m. – because of weather-related road conditions, and committees will have a condensed schedule, according to council staff.

22. Ready.Fund.Grow! Offers Help for Women-Owned, Small Businesses -

Small and women-owned businesses will have new sources of capital and know-how in 2015, thanks to a new initiative, Ready.Fund.Grow!, being developed by Pathway Lending and the Tennessee Small Business Development Center (TSBDC), along with a new Women’s Business Center which will be operated by Pathways.

23. Real Estate Community Readies for Pinnacle Awards -

Planning is well underway for the Memphis Area Association of Realtors Commercial Council’s 14th annual Pinnacle Awards ceremony, an evening dedicated to bringing commercial real estate industry professionals together and honoring them for their accomplishments in the previous year.

24. Nashville’s Most Romantic Restaurants -

Romance means something different for everyone, but most people can agree that if there is low lighting, soft music, a charming companion and something delicious to eat, you’ve already got the makings of one outstanding evening.

25. Loeb Properties Targets Broad Avenue -

Memphis-based Loeb Properties will help revitalize another core city neighborhood. Fresh off redeveloping Overton Square and currently involved in the Highland Strip, Loeb has set its sights on Broad Avenue.

26. US Factories Grew in December at Slowest Pace in a Year -

US factories expanded last month at the slowest pace in a year, as orders, production, and hiring all declined. The figures suggested manufacturing may not add much to growth in the first few months of 2015.

27. State Agriculture Dept. Taking Hemp Applications -

Tennessee's Department of Agriculture says it is accepting applications from those interested in growing industrial hemp.

The department says it is developing a licensing and inspection program for the production of industrial hemp in Tennessee.

28. Lasting Legacies -

A FedEx commercial that never made it past the storyboard stage portrayed company founder, chairman and CEO Fred Smith as a child filling out an order form in the back of a comic book for a batch of Sea-Monkeys, sending it off and waiting for the delivery.

29. State Agriculture Department Taking Hemp Applications -

Tennessee’s Department of Agriculture says it is accepting applications from those interested in growing industrial hemp.

The department says it is developing a licensing and inspection program for the production of industrial hemp in Tennessee.

30. Tax Breaks for Ikea Prompt Calls for Changes -

When the board of the Economic Development Growth Engine approved a $9.5 million, 11-year tax abatement incentive last week for the new Ikea furniture store planned for Cordova, the decision set in motion the next wave in an already robust political discussion about such incentives.

31. EDGE Approves Ikea Incentives -

Swedish furniture retailer Ikea has been awarded an 11-year tax break to develop a $64 million store near Interstate 40 and Germantown Parkway that is expected to employ 175 people.

The board of the city-county Economic Development Growth Engine on Wednesday, Jan. 21, approved the controversial payment-in-lieu-of-taxes incentive on an 8-1 vote. Larry Jackson voted against the measure.

32. EDGE Approves Incentives for Memphis Ikea Store -

Swedish furniture retailer Ikea has been awarded an 11-year tax break to develop a $64 million store near Interstate 40 and Germantown Parkway that is expected to employ 175 people.

The board of the city-county Economic Development Growth Engine on Wednesday, Jan. 21, approved the controversial payment-in-lieu-of-taxes incentive on an 8-1 vote, with Larry Jackson voting against the measure.

33. Walter Awarded AAF Silver Medal -

Ronald A. Walter, president and general manager of WREG-TV, has been chosen to receive AAF Memphis’ 2015 Silver Medal, the highest form of individual recognition given by local chapters of the American Advertising Federation. The annual award, which honors an exceptional leader for a career of outstanding accomplishment and contribution in the industry, will be presented at AAF Memphis’ luncheon Jan. 29 at 11:30 a.m. at Memphis Botanic Garden.

34. Hitting the Accelerator -

Five years after the Great Recession rocked the nation and nearly destroyed auto manufacturing in Tennessee, the Midstate’s industry is booming again.

Nissan’s growth is no small part of that, largely because of the company’s confidence in the state of Tennessee and Gov. Bill Haslam, according to José Muñoz, executive vice president of Nissan Motor Co. and chairman of Nissan North America, which is headquartered in Franklin.

35. Plans Emerge for Universal Life Building -

In major Downtown news, the on-again, off-again redevelopment of the Universal Life Insurance Co. building Downtown appears to be on.

36. Key Interest Rate Falls as Investors Seek Safety -

NEW YORK (AP) – A barometer of Wall Street's anxiety flashed red on Wednesday, when traders rushed to the safety of U.S. government bonds.

The surge in demand for Treasurys knocked a key interest rate to its lowest level since May 2013.

37. I Choose Memphis: Gene Baker -

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

Name: Gene Baker

38. Metrics for Front-End Innovation Projects -

“What are the metrics?” We get this question all the time from nervous directors and VPs who are struggling with the philosophical underpinnings of front-end innovation. They are eager to launch an innovation program, but want to be able to foresee the outcome before embarking on the journey of discovery.

39. US Factory Orders Fall 0.7 Percent in November -

Orders to U.S. factories fell for a fourth straight month in November, with demand in a key category that signals business investment plans down for a third month.

The Commerce Department said Tuesday factory orders dropped 0.7 percent in November after a similar 0.7 percent fall in October. The November weakness came from decreases in demand for primary metals, industrial machinery and military aircraft.

40. US Factories Grow at Slowest Pace in 6 Months -

U.S. factory activity grew at the slowest pace in six months in December, weakened by declines in orders and production. Yet growth was still healthy, a sign manufacturing may help drive the economy's expansion in 2015 as it did last year.

41. Southwest Tennessee Grows With Demand -

For Nathan Essex, the president of Southwest Tennessee Community College, his tenure has been a series of changes.

It was Essex who presided over the merger of Shelby State Community College and State Technical Institute in the late 1990s, before he was appointed president of the resulting Southwest Tennessee Community College in 2000.

42. Greenline Bike Repair Stations Open -

For most bike riders on the Shelby Farms Greenline it’s what might be called the offseason, which makes this the perfect time for the soft opening of four bike repair stations by the Shelby Farms Park Conservancy and Conway Services, which is sponsoring the stations.

43. Concerns Raised About Ikea Incentives -

Some city of Memphis officials are concerned that offering tax incentives to Swedish furniture retailer Ikea could set a dangerous precedent, one that could open the door for other retailers, including large mall owners, to seek the tax breaks.

44. US Factory Orders Fall 0.7 Percent in November -

Orders to U.S. factories fell for a fourth straight month in November, with demand in a key category that signals business investment plans down for a third month.

The Commerce Department said Tuesday factory orders dropped 0.7 percent in November after a similar 0.7 percent fall in October. The November weakness came from decreases in demand for primary metals, industrial machinery and military aircraft.

45. The Preserve at Southwind Sells for $28 Million -

7991 Capilano Drive
Memphis, TN 38125
Sale Amount: $28 million

Sale Date: Dec. 22, 2014
Buyer: Southwind Apartments LP
Seller: G&I VII Preserve at Southwind Apartments LP
Loan Amount: $18 million
Loan Date: Dec. 18, 2014
Maturity Date: Oct. 31, 2020
Lender: Jackson National Life Insurance Co.
Details: A team that includes Memphis-based Foegelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

46. US Factories Grow at Slowest Pace in 6 Months -

U.S. factory activity grew at the slowest pace in six months in December, weakened by declines in orders and production. Yet growth was still healthy, a sign manufacturing may help drive the economy’s expansion in 2015 as it did last year.

47. Memphis Industrial Market Rebounds in 2014 -

The upswing in the industrial real estate sector that started in 2012 and gained momentum in 2013 continued in 2014 and the Memphis market, fueled by several large transactions late in the year, should top 2013's level of around 3.2 million square feet of absorption.

48. REIT Sells Three Memphis Properties for $7.2 Million -

A Texas-based real estate investment trust has sold three Memphis properties for $7.2 million.

Cobalt Industrial REIT II, an affiliate of Cobalt Capital Partners, has sold the properties at 4366, 4406 and 4436 Malone Road to Colfin Cobalt I-II Owner LLC, an affiliate of Santa Monica, Calif.-based Colony Financial Inc., according to a Dec. 18 special warranty deed.

49. REIT Buys Distribution Center for $14.5 Million -

A large distribution center in Southeast Memphis has traded hands for $14.5 million, and it’s another out-of-state real estate investment trust doing the buying.

Crown Memphis Associates LLC sold the distribution center at 4836 Hickory Hill Road to SIR Properties Trust, an affiliate of Massachusetts-based Select Income REIT, according to a Dec. 23 warranty deed. Select Income REIT primarily owns properties that are net leased to single tenants. Around 35 percent of SIR’s rents are from land the company owns in Hawaii that is under long term lease to clients with the remaining revenues coming from single-tenant office and industrial properties across the U.S.

50. Building the Base -

It was late September, and local officials were deeply engaged with retail giant Target as the company explored investing in an online fulfillment center in Memphis when the discussions turned toward a familiar subject.

51. REIT Buys Distribution Center for $14.5 Million -

A large distribution center in Southeast Memphis has traded hands for $14.5 million, and it’s another out-of-state real estate investment trust doing the buying.

Crown Memphis Associates LLC sold the distribution center at 4836 Hickory Hill Road to SIR Properties Trust, an affiliate of Massachusetts-based Select Income REIT, according to a Dec. 23 warranty deed. Select Income REIT primarily owns properties that are net leased to single tenants. Around 35 percent of SIR’s rents are from land the company owns in Hawaii that is under long term lease to clients with the remaining revenues coming from single-tenant office and industrial properties across the U.S.

52. 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.

53. REIT Sells Three Memphis Properties for $7.2 Million -

A Texas-based real estate investment trust has sold three Memphis properties for $7.2 million.

Cobalt Industrial REIT II, an affiliate of Cobalt Capital Partners, has sold the properties at 4366, 4406 and 4436 Malone Road to Colfin Cobalt I-II Owner LLC, an affiliate of Santa Monica, Calif.-based Colony Financial Inc., according to a Dec. 18 special warranty deed.

54. Fogelman Affiliate Files Loan on Former Cozymel’s Site -

6450 Poplar Ave.
Memphis, TN 38119
Loan Amount: $6.1 million

Loan Date: Dec. 17, 2014
Maturity Date: Jan. 1, 2023
Borrower: Crown Centre LLC
Lender: Financial Federal Bank
Details: A company affiliated with Robert F. Fogelman II has filed a loan on a key piece of East Memphis land.

55. Memphis Resolutions -

The end of the year hastens a season of resolutions about the year ahead, resolutions about what to include on the blank canvas of a new year.

No matter who you are, the road to 2015 starts at the same place – through the experience of 2014. With that in mind, we surveyed many of the people we’ve covered in these pages in the last year to talk about the possibilities ahead.

56. Unions Make Push to Recruit Protected Immigrants -

CHICAGO (AP) – Unions across the U.S. are reaching out to immigrants affected by President Barack Obama's recent executive action, hoping to expand their dwindling ranks by recruiting millions of workers who entered the U.S. illegally.

57. Grassroots Growth -

In 2007, Greg Spillyards was part of a team at CB Richard Ellis Memphis tasked with reviving the dog-eared Bellbrook Industrial Park.

The project struck close to Spillyards’ heart.

Born in Pine Bluff Ark., and raised in Memphis, Spillyards originally entered the world of commercial real estate to help transform communities from the ground up, the kind of effort that restoring Bellbrook would take.

58. US Economy Accelerates, Helps Lift Dow Above 18,000 -

WASHINGTON (AP) – A surge in U.S. economic growth lifted stocks Tuesday to record highs and showed that the United States is putting distance between itself and struggling economies around the world.

59. E-Commerce Shift Could Benefit Region -

The Target online distribution center slated to open in Memphis next year is not only a major jobs generator in an area desperate for them, it could signal the region’s arrival as an e-commerce-based distribution hub, according to real estate experts.

60. Factory Output Eclipses Pre-Recession High -

U.S. manufacturing output in November surpassed its pre-recession peak, as auto production kicked into a higher gear.

The Federal Reserve said Monday that factory production rose 1.1 percent last month, up from a 0.4 percent improvement in October. Manufacturing output has risen 4.8 percent over the past 12 months. It's now above the previous high set just before the downturn began in December 2007.

61. 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.

62. From Sweden to Memphis -

Swedish retail giant Ikea will open a 225-employee store in the Wolfchase Galleria area in 2016.

The furniture retailer will locate the 269,000-square-foot store on a 35-acre site in Memphis near Interstate 40 and Germantown Parkway.

63. Factory Output Eclipses Pre-Recession High -

U.S. manufacturing output in November surpassed its pre-recession peak, as auto production kicked into a higher gear.

The Federal Reserve said Monday that factory production rose 1.1 percent last month, up from a 0.4 percent improvement in October. Manufacturing output has risen 4.8 percent over the past 12 months. It's now above the previous high set just before the downturn began in December 2007.

64. Ikea to Open First Tennessee Store in Memphis -

Swedish furniture retailer Ikea will open its first Tennessee store in Memphis next year, according to several people familiar with the effort and confirmed by Ikea representatives Monday.

The company and Memphis Mayor A C Wharton Jr. will announce the store Tuesday, Dec. 16, according to several sources. A statement to the media Monday night read: "Ikea, the world's leading home furnishings retailer, will announce plans on Tuesday morning for a proposed Memphis store. The proposed Ikea Memphis would be the first Ikea store in either Tennessee, Arkansas or Mississippi and would increase the Swedish retailer's presence in the Southeastern U.S."

65. 26 Industrial Properties Facing Foreclosure -

The company that purchased Farnsworth Investment Co.’s industrial portfolio in 2005 has defaulted on a $69 million loan, and now 26 of its properties are facing foreclosure, according to a first-run foreclosure notice in the Friday, Dec. 12, edition of The Daily News.

66. New Industrial Market Takes Hold in Marshall, Fayette Counties -

In November, Volvo began operations at its new parts distribution center in Marshall County, Miss.

The 1 million-square-foot distribution center inside Panattoni Development Co.’s Gateway Global Logistics Center is the centerpiece of the company’s streamlined North American parts distribution network and helped solidify the Marshall County and Fayette County, Tenn., region as a major player in local industrial real estate.

67. Labor Board OKs Personal Use of Company Email -

WASHINGTON (AP) – In a victory for unions, the National Labor Relations Board ruled Thursday that employees can use their company email accounts for union organizing and other workplace-related purposes, if they do it on their own time.

68. 26 Industrial Properties Facing Foreclosure -

The company that purchased Farnsworth Investment Co.’s industrial portfolio in 2005 has defaulted on a $69 million loan, and now 26 of its properties are facing foreclosure, according to a first-run foreclosure notice in the Friday, Dec. 12, edition of The Daily News.

69. Shelby County Commercial Sales Dip in October -

Shelby County recorded 90 commercial sales in October, down 4 percent from 94 commercial sales recorded in October 2013, according to real estate information company Chandler Reports, www.chandlerreports.com.

70. Holiday Tech Gadget Wish List -

With the holiday season in full swing, you may find yourself scrounging for gift ideas for the technology aficionado on your shopping list. Wearable technology is an option worth exploring, and one that’s gaining popularity, particularly among fitness enthusiasts.

71. Sources: Target to Seek Incentives for Memphis Project -

Target will seek incentives from Memphis and Shelby County as early as next week for an industrial project that could create up to 600 jobs, according to multiple sources.

The Minneapolis-based retail giant has explored sites in DeSoto County and Memphis for a distribution center and is in the process of finalizing a lease for the 900,000-square-foot building at 5461 Davidson Road in Southeast Memphis. In addition to the 600 jobs, Target is expected to make significant capital improvements to the property, which was formerly occupied by Hamilton Beach.

72. Why Areas With Good Jobs Have Hard-to-Afford Homes -

WASHINGTON (AP) – It's the new career trade-off: Around the country, areas with the strongest job markets increasingly have some of the costliest homes. And areas with the most affordable homes lack a solid base of middle class jobs that attract workers.

73. 321,000 Jobs Added in November, Most in Nearly 3 Years -

WASHINGTON (AP) – A burst of U.S. hiring in November – the most in nearly three years – added 321,000 jobs and provided the latest evidence that the United States is outperforming other economies throughout the developed world.

74. Anixter Moving Memphis Distribution Operations -

A leading supplier of communications and security products, electrical and electronic wire and cable, fasteners and other small components is relocating to a new Memphis distribution center.

Anixter International Inc., which is based in the Chicago area, has leased 100,000 square feet at 4001 Hickory Hill Road inside Memphis Distribution Center. Anixter will be relocating from 4580 S. Mendenhall Road, where DDN is expanding.

75. More US CEOs Plan to Boost Hiring in Next 6 Months -

WASHINGTON (AP) – Chief executives at the largest U.S. companies expect sales to keep growing in the next six months and also plan to step up hiring.

The Business Roundtable said Tuesday that 40 percent of its member CEOs plan to hire more workers, up from 34 percent in the third quarter. Nearly three-quarters project their sales will rise, roughly the same as the previous quarter.

76. 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.

77. Southwest’s Next Goal: Industrial Training Center -

As Southwest Tennessee Community College leaders formally opened a new nursing school building Downtown last week, the institution was making progress toward its next major capital project.

It is a $3.5 million Industrial Readiness Training center to be built at the school’s Macon Cove campus.

78. Volvo Parts Center Begins Operations -

Limited operations began this month at the new Volvo parts distribution center in Marshall County, Miss.

The 1 million-square-foot distribution center supports the company’s Mack, Volvo and UD Trucks brands, as well as Volvo Construction Equipment and Volvo Penta.

79. 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.

80. Southwest’s Next Goal: Industrial Training Center -

As Southwest Tennessee Community College leaders formally opened a new nursing school building Downtown last week, the institution was making progress toward its next major capital project.

It is a $3.5 million Industrial Readiness Training center to be built at the school’s Macon Cove campus.

81. 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.

82. More at Moore -

The large old trees on its campus and the large paned windows of its brick buildings indicate the William R. Moore College of Technology has been around for a while.

It was the idea of William R. Moore, a dry goods wholesaler, who left a $500,000 endowment to fund the institution following his death in 1909.

83. Volvo Parts Center Begins Operations -

Limited operations began this month at the new Volvo parts distribution center in Marshall County, Miss.

The 1 million-square-foot distribution center supports the company’s Mack, Volvo and UD Trucks brands, as well as Volvo Construction Equipment and Volvo Penta.

84. Rogero Talks ‘Smart Growth,’ Democratic Politics -

Knoxville Mayor Madeline Rogero became the first woman to hold that office when she won the election in 2011.

She’s been actively involved in a number of local issues since her election, from urban-core revitalization and business recruitment to broader social issues such as marriage equality.

85. US Factory Output Increases 0.2 Percent -

U.S. manufacturing output grew modestly in October, as autoworkers churned out fewer cars and trucks.

Output at manufacturing plants rose 0.2 percent in October, the Federal Reserve said Monday. Gains came from the rising demand for machinery, plastics, clothing and furniture. Factory output has risen 3.4 percent over the past 12 months.

86. Moore Tech Awakens -

The large old trees on its campus and the paned windows of its brick buildings indicate the William R. Moore College of Technology has been around for a while.

It was the idea of William R. Moore, a dry goods wholesaler, who left a $500,000 endowment to fund the institution following his death in 1909.

87. US Factory Output Increases 0.2 Percent -

U.S. manufacturing output grew modestly in October, as autoworkers churned out fewer cars and trucks.

Output at manufacturing plants rose 0.2 percent in October, the Federal Reserve said Monday. Gains came from the rising demand for machinery, plastics, clothing and furniture. Factory output has risen 3.4 percent over the past 12 months.

88. Auto Parts Manufacturer to Build Sevierville Plant -

SEVIERVILLE, Tenn. (AP) – An automobile parts manufacturer that already has a presence in Morristown is opening a new plant in Sevierville.

The Mountain Press reports Otics USA is investing $69.5 million in the facility and plans to create 117 new jobs there.

89. 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.

90. Kellogg Facility Planned in Jackson -

Economic development officials in Jackson have approved tax incentives for a Kellogg's facility planned in the West Tennessee city.

The Jackson Sun reports that the company expects to employ 100 people when construction on the 1.2 million-square-foot facility is completed.

91. Target Eyeing Memphis Area for Distribution Center -

Target is eyeing the Memphis area for an industrial project that could create up to 600 jobs, according to multiple sources.

The Minneapolis-based retail giant is considering sites in DeSoto County and Memphis for a distribution center and could soon seek incentives from Memphis and Shelby County, the sources said.

92. Kellogg Facility Planned in Jackson -

Economic development officials in Jackson have approved tax incentives for a Kellogg's facility planned in the West Tennessee city.

The Jackson Sun reports that the company expects to employ 100 people when construction on the 1.2 million-square-foot facility is completed.

93. 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.

94. Former FedEx Headquarters Up for Auction -

This week you can acquire a sizeable piece of Memphis business history at a deep discount.

The Commerce Center complex on Lamar Avenue – former home to Memphis-based corporate titans Holiday Inn and FedEx – is on the auction block.

95. 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.

96. 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.

97. Analysts: How GOP Congress Could Boost US Economy -

WASHINGTON (AP) – Voters made clear Tuesday that they're worried about the economy, despite steady job gains, a robust stock market and faster economic growth this year.

So what can – and should – the now-dominant Republicans in Congress and President Barack Obama do together to benefit more Americans?

98. 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.

99. 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.

100. MERI Trains First Responders for Ebola Readiness -

When in doubt, disinfect the gloves yet again.

During a training session conducted by a certified industrial hygienist, first responders learned step by step the procedures for putting on – and taking off – protective suits, gloves, boot coverings, face masks and splash shields in the event they have to come in contact with a person who may have Ebola.