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Editorial Results (free)

1. Dayco Opens Memphis Distribution Center -

Dayco, a leading engine products and drive systems supplier for the automotive, industrial and aftermarket industries, has opened its new Memphis distribution center.

The 400,000-square-foot facility, located at 3530 E. Raines Road, will employ 200 people.

2. Fed Directs 8 Biggest US Banks to Hold Extra Capital -

WASHINGTON (AP) — Federal regulators are directing the eight biggest U.S. banks to hold capital at levels above industry requirements to cushion against unexpected losses and reduce the chances of future taxpayer bailouts.

3. This week in Memphis history: July 17-23 -

1986: Stevie Wonder brings his In Square Circle Tour to the Mid-South Coliseum

1965: On the front page of The Daily News, an ad for the first 50 lots in Lakeland at $50 down and “small monthly payments.” The ad also promises membership in the Lakeland Fun and Recreation Club.

4. Methodist Healthcare Buys Office Building From Belz -

5865 Shelby Oaks Circle
Memphis, TN 38134
Sale Amount: $4 million

Sale Date: June 30, 2015
Buyer: Methodist Le Bonheur Healthcare
Seller: Belz Investco GP and Bico Associates GP
Details: Belz Enterprises and a partner have sold a Memphis office building to Methodist Le Bonheur Healthcare for $4 million.

5. 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.

6. Ikea Seeks $16 Million Permit For First Memphis Store -

Future Ikea Store
On 42 Acres In Cordova
Permit Cost: $16 million

Application Date: July 2015
Owner/Tenant: Ikea
Details: Ikea is moving forward with its massive retail store in Cordova.

7. Wonder Bread Bakery Under Contract -

The former Wonder Bread bakery at 400 Monroe Ave. could soon have a new owner.

The bakery, idled by a labor strike before being sold in 2013, is under contract to a potential buyer, according to a commercial real estate broker.

8. Experts Give Their Take on Jobs, Fed and Financial Markets -

NEW YORK (AP) – If investors hoped Thursday's U.S. jobs report would give them clarity, they were probably disappointed.

The report, one of the most-watched pieces of news in financial markets, painted a mixed picture for U.S. employment. And it left a key question hanging over stocks and bonds: When and how quickly will the Federal Reserve raise interest rates?

9. Volvo Group Unveils $70M Byhalia Distribution Center -

Volvo Group inaugurated its new 1 million-square-foot distribution center in Byhalia, Miss.

The $70 million facility – located at 100 Global Gateway Drive inside Panattoni Development Co.’s Gateway Global Logistics Center – supports the company’s Mack and Volvo truck brands, as well as Volvo Construction Equipment and Volvo Penta.

10. Mark Mosteller Joins Evolve Bank & Trust -

Mark E. Mosteller Sr. recently joined Evolve Bank & Trust as executive vice president, accounting and finance.
The new role includes a variety of responsibilities, including management of the accounting and finance department team, accounting internal controls, internal and external financial reporting, budgeting and forecasting, taxes and treasury management. Mosteller also works with senior and executive management and the board on accounting, finance and operational issues.

11. Volvo Group Unveils $70 Million Byhalia Distribution Center -

Volvo Group inaugurated its new 1 million-square-foot distribution center in Byhalia, Miss.

The $70 million facility – located at 100 Global Gateway Drive inside Panattoni Development Co.’s Gateway Global Logistics Center – supports the company’s Mack and Volvo truck brands, as well as Volvo Construction Equipment and Volvo Penta.

12. Graceland Hotel Developers File $84 Million Construction Loan -

3600 Elvis Presley Blvd.
Memphis, TN 38116
Loan Amount: $84 million

13. Belz’s Industrial Portfolio Sells to MDH for $82 Million -

The recent sale of Belz Enterprise’s industrial portfolio to MDH Partners LLC of Atlanta totals more than $82 million, according to four special warranty deeds filed on June 19.

14. Dog Daycare Bringing New Life to East Memphis Retail Center -

A new doggy daycare and camp is coming to East Memphis.

Becky and Tim Simcoe have leased 8,875 square feet at the Balmoral Shopping Center at Quince Road and Ridgeway Road in East Memphis to open a Camp Bow Wow franchise.

15. Nike Formally Opens $301 Million Frayser Expansion -

Executives of Nike Inc. are in Memphis Friday, June 26, to formally open the $301 million expansion of the sports shoe and apparel giant’s Northridge distribution center at 3100 New Frayser Boulevard.

16. Belz’s Industrial Portfolio Sells to MDH for $82 Million -

The recent sale of Belz Enterprise’s industrial portfolio to MDH Partners LLC of Atlanta totals more than $82 million, according to four special warranty deeds filed on June 19.

17. 100 N. Main Keeps Power On for Another Month -

The head of the Downtown Memphis Commission says the skyscraper at 100 N. Main St. suffers from “weak” ownership and that the building would probably be better off with a new, deep-pocketed owner.

18. Pinnacle Financial Partners Adds to Memphis Team -

The team launching Nashville-based Pinnacle Financial Partners’ expansion into the Memphis market is getting bigger.

The bank has added another three in Memphis, bringing the total so far to 11. The new additions – Rick Neal, Richard Harris and Nicole Pickens – come from Trustmark Bank, Paragon Bank and First Tennessee, respectively.

19. Wunderlich’s Hogan Offers Latest Read on Economy -

A little more than a year ago, Wunderlich Securities Inc. chief market strategist Art Hogan stood before an audience of business leaders assembled by The Daily News – part of the paper’s regular seminar series – and offered his take on an economic recovery that looked different depending on where a person stood.

20. Developer Arranging Financing for 100 North Main -

The owner of the skyscraper at 100 N. Main St. is closing in on a financing package to redevelop the building and will pay his utility bill as soon as the deal is complete, according to a review of public records.

21. MDH Buys Belz’s Memphis Industrial Portfolio -

An Atlanta-based firm has acquired a large industrial portfolio from Belz Enterprises.

Atlanta-based MDH Partners LLC bought 22 industrial buildings in the Memphis area totaling more than 3.1 million square feet.

22. Dayco Wins Tax Break For Distribution Operations -

Michigan-based manufacturer Dayco Products Ltd. will consolidate its distribution operations in the Memphis area, but exactly where remains undecided.

“Due to the continued growth in demand for our products and increased product complexity over the past several years, we have committed to this significant capital investment in order to deliver increased value to our customers,” said Ed Rammel, president of the North American and Australian Aftermarket for Dayco, in a company statement.

23. Dayco Awarded Tax Incentive for Memphis Warehouse -

A Michigan-based manufacturer of belts and other items for the automotive, industrial and aftermarket sectors has been awarded a tax break to open a national distribution center in Memphis.

The city-county Economic Development Growth Engine awarded Dayco Products Ltd. a five-year tax incentive for the distribution center, which will employ 174 workers. The average annual pay for employees would be $26,753, plus benefits.

24. MDH Partners Buys Belz's Memphis Industrial Portfolio -

An Atlanta-based firm has acquired a large industrial portfolio from Belz Enterprises.

Atlanta-based MDH Partners LLC bought 22 industrial buildings in the Memphis area totaling more than 3.1 million square feet.

25. Dayco Seeks Tax Break for Memphis Distribution Center -

A Michigan-based manufacturer of belts and hoses is seeking local tax incentives for a Memphis distribution center.

Dayco Products Ltd., which has filed a payment-in-lieu-of-taxes application with the city-county Economic Development Growth Engine, says the center would employ 174 workers.

26. Hillwood Pays $17.7 Million for FedEx SupplyChain Facility -

5050 E. Holmes Road and 0 Lamar Ave.
Memphis, TN 38118
Sale Amount: $17.7 million

27. Machinery Parts Maker Seeks Tax Incentives for Memphis Distribution Center -

A Michigan-based manufacturer of belts and hoses is seeking local tax incentives for a Memphis distribution center.

Dayco Products Ltd., which has filed a payment-in-lieu-of-taxes application with the city-county Economic Development Growth Engine, says the center would employ 174 workers.

28. Talent-Supporting Structures -

A fallacy about organizational management prevents many firms from getting the best out of their best people: the notion that everyone who excels in their jobs will eventually become managers, directors, etc. True, some may have a talent for management, while others flourish in active roles that have nothing to do with managing.

29. Tioga Environmental Consultants Stays Agile During Economic Change -

When someone is preparing a house for sale, they might look into painting the kitchen or refurbishing the basement. But many homeowners and management groups first turn to groups such as Tioga Environmental Consultants to investigate for coatings of lead-based paint or asbestos in the house.

30. Awards Spotlight Knoxville's Top Achievers -

The depth and strength of the Knoxville area business community was highlighted recently with the Knoxville Chamber’s 11th annual Pinnacle Business Awards presentation.

A dry cleaner, government contractor, clothing designer, technology innovator and media executive were among the Knoxville area companies and business leaders recognized for their achievements.

31. Friendly Fire May Put Your House Hunt at Risk -

Friends don’t let friends buy junk. As it pertains to real estate, friends don’t let friends buy anything. In the past it was the parents with the “Ma and Pa Meddle” syndrome that impeded the youth from purchasing homes.

32. Whitehaven Motel Sells for $1.5 Million -

Springbrook Hospitality LLC, a Tennessee limited liability company, purchased the America’s Best Value Inn & Suites located at 1360 Springbrook Avenue on June 2.

33. Tennessee Farmers Start Planting Highly Regulated Hemp Seeds -

JONESBOROUGH, Tenn. (AP) – No longer forbidden from growing hemp, Tennessee farmers have started receiving the highly regulated seeds to produce the state's first legal harvest of the crop in more than 70 years.

34. Memphis' Tallest Building Faces June 24 Utility Cutoff -

The owner of the skyscraper at 100 N. Main St., the city’s tallest office building, has two weeks to pay the delinquent balance on the Memphis Light, Gas and Water Division bill before utilities will be disconnected, a move that would catch a popular Downtown restaurant in the crossfire, according to a an executive at the publicly owned utility.

35. Whitehaven Motel Sells for $1.5 Million -

Springbrook Hospitality LLC, a Tennessee limited liability company, purchased the America’s Best Value Inn & Suites located at 1360 Springbrook Avenue on June 2.

36. Worthington Expanding in Greene County, Adding 140 Jobs -

GREENEVILLE, Tenn. (AP) – Worthington Industries, a maker of operator cabs for industrial mobile equipment, is expanding its Greene County factory and creating 140 new jobs.

The more than $14 million project will add four new product lines at the Greeneville factory.

37. Why Businesses Should Be Aware of Deemed Exports -

Around the time of the American Revolution, England was a textile powerhouse. Jealous to guard its industry, England made it a crime for any citizen to communicate textile technology outside of the country.

38. Memphis-Based Monogram Foods Expanding Virginia Operation -

RICHMOND, Va. (AP) – Virginia Gov. Terry McAuliffe says a Memphis-based food company is adding a warehouse and logistics center to its Henry County manufacturing operation.

The governor said Monday that Monogram Food Solutions LLC will invest $7.2 million and create 101 new jobs. The company has been making meat snacks at the Henry County Patriot Centre Industrial Park since 2009.

39. Tom’s Tiny Kitchen Gets a Whole Lot Bigger -

By adding a pinch of passion to a tried-and-true recipe, Tom Flournoy has grown a family-run business to having a five-state reach.

After he was unexpectedly laid off from his executive position in the automotive parts industry, Flournoy fell back on an appetizing venture: homemade pimento cheese. To make ends meet, he started preparing pimento cheese at home and selling it to friends and farmers markets under the name Tom’s Tiny Kitchen.

40. Swinging Church? Courts to Have Last Laugh -

It’s official: No sex clubs are allowed outside of industrial areas or within 1,000 feet of a home, church or school in Metro Nashville.

The council passed the ordinance recently in response to a proposed swingers club’s attempt to relocate next door to Goodpasture Christian School in Madison.

41. Ramsey Uses ‘System’ to Reshape State’s Political Landscape -

Senate Speaker and Lieutenant Gov. Ron Ramsey laughs at the notion he’s changed since being elected to the Legislature 23 years ago, that he’s lost touch with the common man or become “arrogant” as lieutenant governor of Tennessee.

42. Do Not Fear What You Should be Afraid Of -

There are factors conspiring in the market’s industrial kitchen right now that might lead to a fit of indigestion for investors. This week we will look at the three main ingredients and discuss how to medicate.

43. Stein World Finds New Home -

Stein World has found a new home. The furniture distributor, which played a pivotal role in Cummins Inc.’s decision to expand locally, has inked a lease for 330,870 square feet at 5321 Shelby Drive.

44. Orion Adds Commercial Loan Originator -

Orion Federal Credit Union has expanded its lending program via the appointment of Ashley Sutherland as a commercial loan originator.

45. US Industrial Output Falls for 5th Month on Lower Drilling -

WASHINGTON (AP) – A plunge in energy-related drilling and sluggish manufacturing sent U.S. industrial output down for a fifth straight month in April.

Overall industrial production slid 0.3 percent in April after a drop of the same size in March, the Federal Reserve said Friday. The figures suggest that weakness in manufacturing and mining is weighing heavily on the economy.

46. Nashville's Next Mayor Must Solve Traffic, Education Woes -

“Traffic is getting worse by the day.” I must have heard that complaint six times last week. Those exact words.

Perhaps some road construction coupled with Vanderbilt’s graduation complicated the situation, but that seems to be the feeling here.

47. US Economy Rebounding With Solid, If Unspectacular, Job Gains -

WASHINGTON (AP) – Rebounding from a dismal start to the year, the U.S. economy added 223,000 jobs in April, a solid gain that suggested that employers are helping fuel a durable if still subpar recovery.

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. US Trade Deficit Jumps to 6-Year High of $51.4 Billion -

WASHINGTON (AP) – The U.S. trade deficit in March swelled to the highest level in more than six years, propelled by a flood of imports that may have sapped the U.S. economy of any growth in the first quarter.

50. Growth in US Services Firms Picked Up Speed Last Month -

WASHINGTON (AP) – U.S. service firms' growth accelerated in April, fueled by more orders, rising sales and an uptick in hiring. The figures provide solid evidence that the economy is recovering from its first-quarter stumble.

51. Welcome to the New Era of Automation -

When Netflix put the video rental retail stores in their coffins, there was still a sizable segment of people who missed the convenience, were suspect of a mail-order or streaming subscription service or simply didn’t have the connectivity to enjoy it.

52. New Oak Ridge Airport Awaits Review by DOE -

For years, area business leaders and aviation enthusiasts have advocated the need for a general aviation airport in Oak Ridge to complement commercial air service provided by McGhee Tyson Airport, the largest commercial airport in East Tennessee.

53. Office, Industrial Real Estate Rebounds in First Quarter -

In a sure sign that the local economy is in rebound mode, the Memphis-area commercial real estate market is heating up with the industrial and office sectors producing strong gains.

Fueled by strong demand and tightening of available space, rental rates for Class A space in East Memphis, the city’s primary business district, are approaching pre-recession levels, according to a new report.

54. Dr. Neil Bomar Joins Support Solutions -

Dr. Neil Bomar has joined Support Solutions as its first staff psychiatrist, a role in which he will help individuals with intellectual disabilities and those with a history of long-term mental illness who are currently supported by the organization. Bomar’s addition makes Support Solutions one of the only industry providers in the Mid-South to provide this level of support.

55. Survey: US Businesses Expect Sales Rebound, More Hiring -

WASHINGTON (AP) – U.S. businesses expect their sales will rebound in the next three months after a sluggish first quarter, and they also plan to boost hiring and pay, according to a survey released Monday.

56. Heavy Lifting -

When it comes to industrial work, it doesn’t get much heavier than Atlantic Track and Turnout Co. deep in southwest Memphis.

57. 'Entopreneurs' Feed Growing Appetite for Edible Insects -

SAN FRANCISCO (AP) – They hop. They crawl. They squirm. And they could be coming to a dinner plate near you.

An increasing number of "entopreneurs" are launching businesses to feed a growing appetite for crickets, mealworms and other edible insects.

58. State Agriculture Department Gets 53 Hemp Applications -

Tennessee’s Department of Agriculture says it has received 53 applications seeking approval to grow industrial hemp.

The Knoxville News Sentinel reports the applicants will serve as test cases for the state law if the U.S. Drug Enforcement Administration gives its approval to the project.

59. REIT Acquires Three Hotels for $39.6 Million -

7905 Giacosa Place, 5320 Poplar Ave. and 7855 Wolf River Boulevard
Memphis, TN
Sale Amount: $39.6 million

60. 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.

61. Pinnacle Awards Honor Commercial Real Estate Standouts -

The local commercial real estate community gathered at the Memphis Botanic Garden Thursday, April 9, for the 14th annual Pinnacle Awards. Every year, the Memphis Area Association of Realtors Commercial Council honors its members based on their transactional volume, merit and community activity.

62. Mendenhall Property Fetches $2.4 Million -

A New Mexico-based firm has acquired a Southeast Memphis warehouse for $2.4 million.

Westmeath LLC, which lists an address in Albuquerque, N.M., acquired the 33,190-square-foot warehouse at 4339 S. Mendenhall Road from SE Industrial Investments LLC, according to a March 30 warranty deed. William Preston Thomas Jr. signed the deed for the seller, SE Industrial Investments LLC.

63. Southeast Memphis Property Fetches $2.4 Million -

A New Mexico-based firm has acquired a Southeast Memphis warehouse for $2.4 million.

Westmeath LLC, which lists an address in Albuquerque, N.M., acquired the 33,190-square-foot warehouse at 4339 S. Mendenhall Road from SE Industrial Investments LLC, according to a March 30 warranty deed. William Preston Thomas Jr. signed the deed for the seller, SE Industrial Investments LLC.

64. Volkswagen Seeks to Increase Planned Expansion by 25 Percent -

CHATTANOOGA, Tenn. (AP) – Volkswagen is seeking to add to a planned expansion announced last year to produce a new sport utility vehicle in Tennessee.

The Chattanooga Times Free Press (http://bit.ly/1Ggptwe) reports documents show the automaker wants to add an additional 130,153 square feet to the original expansion, 25 percent more than first planned. The additional expansion will add about $18 million to the $900 million project.

65. Five of the Nation’s Finest -

Each year the U.S. Chamber of Commerce recognizes the contribution of small business to the national economy with the Blue Ribbon Small Business Awards. Five from Knoxville’s business community – The Tomato Head, Management Solutions LLC, Design Innovation Architects Inc., Visionary Solutions LLC and AMS Corp. – have been chosen for inclusion in the annual program.

66. Orion Acquires Medical Center Property for New Branch -

821 Poplar Ave.
Memphis, TN 38105
Sale Amount: $1.3 million

Sale Date: March 20, 2015
Buyer: Orion Federal Credit Union
Seller: Georgia Commercial Stores Inc.
Details: Orion Federal Credit Union has acquired a key piece of Memphis Medical Center real estate for a new branch.

67. Commercial Real Estate Bounces Back -

After slowing to a crawl in the years following the Great Recession, commercial real estate activity in Metropolitan Knoxville is showing signs of sustained growth.

Last year marked a solid increase in sales and leasing in the Knoxville region, and 2015 is off to a good start, according to several area real estate executives.

68. High Water -

The city’s 3.3 miles of floodwalls and five miles of levees held in the 2011 near record rise of the Mississippi River at Memphis.

But in the four years since, the walls have continued to settle by as much as 18 inches in some places.

69. East Raines Warehouse Sells to New Jersey-Based Investor -

A New Jersey-based investor has acquired a Memphis industrial property for $1.1 million.

E. Raines 4949 LLC, which lists a mailing address in Lakewood, N.J., acquired the 182,136-square-foot warehouse at 4949 E. Raines Road from Missouri-based MHB LLC, according to a March 19 warranty deed.

70. City Council Approves Downtown LaQuinta -

The Memphis City Council approved Tuesday, March 17, a special use permit for a four-story, 104-room LaQuinta Inn and Suites hotel on Union Avenue at Danny Thomas Boulevard.

Gopal Govan will build and own the new hotel.

71. U of M to Honor Distinguished Alumni -

Hilliard Crews, Wink Martindale and Diane Vescovo are among the individuals receiving 2015 Distinguished Alumni Awards from the University of Memphis Alumni Association.

72. Impact Innovations to Bring Giftwrap Production Back -

The Minnesota company that bought some assets from the old Cleo Inc. giftwrap company four years ago wants to once again make wrapping paper in Memphis.

73. Memphis Officials Target High-Cost Markets for Office Jobs -

On a recent trip to New York City to meet with site selection consultants, national headhunters and corporate executives, Greater Memphis Chamber officials and prominent Memphis business operators wined and dined the assembled crowd and touted the benefits of locating office operations in the Memphis area, a city and region in dire need of white-collar jobs.

74. EDGE Developing Guidelines for Destination Retail Incentives -

When Swedish furniture retail giant Ikea announced it wanted to build one of its destination retail centers in Memphis, the company was greeted with open arms.

Mayor A C Wharton Jr. even held a City Hall press conference to announce the news in December.

75. Fed: No Rate Hike Until Job Market Improves, Inflation Rises -

WASHINGTON (AP) – The Federal Reserve signaled Wednesday that it needs to see further improvement in the job market and higher inflation before it raises interest rates from record lows.

76. City Council Approves Downtown LaQuinta -

The Memphis City Council approved Tuesday, March 17, a special use permit for a four-story, 104-room LaQuinta Inn and Suites hotel on Union Avenue at Danny Thomas Boulevard.

Gopal Govan will build and own the new hotel.

77. Impact Innovations to Bring Giftwrap Production Back -

The Minnesota company that bought some assets from the old Cleo Inc. giftwrap company four years ago wants to once again make wrapping paper in Memphis.

78. Council Weighs City Debt Payment Restructuring Proposal -

Memphis City Council members discuss and could vote Tuesday, March 17, on a restructuring of the city’s debt payments.

Memphis Mayor A C Wharton Jr. has proposed the restructuring to delay a balloon payment in 2020 that would see the city’s annual payment go from $15 million the year before to $30 million in that fiscal year.

79. Impact Innovations Wants to Bring Gift Wrap Production Back to Memphis -

The Minnesota company that bought some assets from the old Cleo Inc. gift wrap company four years ago wants to once again make wrapping paper in Memphis.

80. University of Memphis to Honor Distinguished Alumni -

Hilliard Crews, Wink Martindale and Diane Vescovo are among the individuals receiving 2015 Distinguished Alumni Awards from the University of Memphis Alumni Association.

81. 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.

82. Dow Reshuffle: Apple Joins Blue-Chip Index and Boots AT&T -

NEW YORK (AP) – Apple is in. AT&T is out.

In another victory of sorts for the popular and profitable iPhone giant, Apple will replace AT&T in the venerable Dow Jones industrial average on March 19, the manager of the index announced Friday.

83. Solid US Jobs Report: 295,000 Positions Added -

WASHINGTON (AP) – A burst of hiring in February underscored the resilience and confidence of U.S. businesses, which are adding workers at the fastest pace in 17 years. Yet the strong job gains did little to raise wages last month.

84. 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.

85. The Ransom Note on Tennessee Public Records -

The fastest way to shut down access to government records is to charge fees people can’t afford to pay.

Another way is to simply ignore or delay responding to citizens or media who make requests under the Tennessee Public Records Act.

86. Drive! Consortium Pushes Regional Auto Industry -

Tennessee’s bustling automotive-industry sector is going to get a whole lot busier in the coming months, at least if a large group of businesses, agencies and related parties behind the Drive! for the Future Consortium (Drive!) have anything to say about it.

87. Building Boom -

With the greater Memphis area slower to recover from the recession and economic downturn than other parts of the country, frustrated local general contractors watched in 2012 and 2013 as firms across the country participated in what appeared to be a robust national economic rebound.

88. MRG Enjoys Flurry of Leasing Activity -

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

89. Transcripts Reveal Fed Confronting Chaotic Banking System -

WASHINGTON (AP) – Transcripts of Federal Reserve meetings in 2009 showed central bank officials struggling to contain the worst financial crisis in seven decades and searching for the right policies to halt a deepening economic downturn.

90. Eliminating Hall Income Tax Raises New Problems -

Republican lawmakers are lining up legislation to reduce or phase out Tennessee’s Hall income tax on investments, even though Gov. Bill Haslam is concerned about losing revenue amid the state’s economic ups and downs.

91. 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.

92. 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.

93. 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.

94. 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.

95. 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.

96. 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.

97. 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.

98. 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.

99. 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.

100. 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.