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Editorial Results (free)

1. D. Canale Affiliate Buys Property for Distillery -

301 S. Front St.
Memphis, TN 38103
Sale Amount: $785,000

Sale Date: July 10, 2014
Buyer: Dominick Properties LLC
Seller: 301 South Front Street GP

2. Orders for US Durable Goods Up 0.7 Percent in June -

WASHINGTON (AP) – Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans.

3. Nursing Home Owner Files $9 Million Loan -

The owner of the 284-bed Grace Healthcare of Cordova nursing home at 955 N. Germantown Parkway has filed an $8.9 million loan on the property.

4. Start Co. Steers Accelerators Toward Demo Day -

Memphis’ startup community is in the throes of its busiest summer in memory.

The Start Co. organization is running four startup accelerator programs at the moment simultaneously, compared to past undertakings that involved one accelerator at a time. The four programs underway now include Seed Hatchery, Upstart, SparkGap and Sky High, and they include the participation of more than two dozen teams, some of which hail from Memphis and others from around the country.

5. Lot Shortage Poses Next Roadblock -

Local homebuilders say a dearth of developed lots is slowing down the new housing rebound, weighing down an industry still trying to drag itself out of the rubble left by the worst recession in decades.

6. Critical Decisions -

For the team behind the pending redevelopment of the massive Sears Crosstown property to reach its goal of maximizing the participation of women- and minority-owned businesses, it needed to make a crucial decision early in the planning process.

7. Music Lounge to Open in Edge District -

The Edge District near Downtown lost a theater but is gaining a new live music lounge in August.

The Dizzy Bird, named after legendary Jazz greats John “Dizzy” Gillespie and Charlie “Bird” Parker, is slated to open Aug. 2 at 652 Marshall Ave.

8. Grizzlies Promote Wexler to Business Operations President -

The Memphis Grizzlies have promoted Jason Wexler to president of business operations of the team and FedExForum.

The new position gives Wexler primary leadership responsibility for all aspects of the business, including ticket sales and service, arena operations, corporate partnerships, marketing communications and broadcast, community investment and general operations.

9. Building Community -

Over a recent weekend, around 30 members of Grace-St. Luke’s Episcopal Church descended on a home in the Northwood Hills community just north of Raleigh.

They came armed with determination and demolition tools, spending most of the weekend ripping out old appliances, tearing away wallpaper that had seen better days and preparing the dog-eared house for a rehabilitation project that will make it a home.

10. Chamber Launches PILOT Education Campaign -

Memphis economic development officials wasted little time launching an information campaign about Memphis and Shelby County’s primary business incentive program.

On July 16, less than a month after the Memphis City Council adopted a budget that included deep cuts to employee and retiree benefits, the Greater Memphis Chamber posted a video exploring how the payment-in-lieu-of-taxes incentive program works and why it is needed.

11. Are Fundraising Fables Getting in Your Way? -

Why is it so hard to retain fund development professionals? That’s the polite version of the question that has executive directors pulling their hair out and nonprofit board members wondering “what’s going on?”

12. Knowledge Tree Buys Cordova Retail Center -

8195 Dexter Road
Memphis, TN 38016
Sale Amount: $1.3 million

Sale Date: July 8, 2014
Buyer: K Tree LLC
Seller: 8195 Dexter Road LLC
Loan Amount: $1.5 million
Loan Date: July 11, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of the Knowledge Tree learning center has paid $1.5 million for the 28,575-square-foot shopping center at 8195 Dexter Road in Cordova.

13. French Fort Plan Calls for $150 Million Development -

What would begin as 67 apartments in the former U.S. Marine Hospital and nurses’ quarters on the northern edge of the French Fort neighborhood would grow in phases to a $150 million development south of E.H. Crump Boulevard, according to a plan unveiled over the weekend.

14. Forbes Sells Majority Stake to Group of Investors -

NEW YORK (AP) – Forbes said Friday it will sell a majority stake in the family owned magazine publisher to a Hong Kong-based investor group.

Financial terms of the deal were not disclosed. The New York company said in November it was putting itself up for sale.

15. Time to Invest in Emerging Markets? -

Emerging markets are a group of countries that are in the process of developing both their infrastructure and economic system.

Emerging countries include the big names that have dominated the space for years like Brazil, Russia, India and China (known as the BRIC), but also smaller developing countries in Emerging Asia, South America and Eastern Europe.

16. Retail Sales Tick Up 0.2 Percent in June -

U.S. retail sales increased slightly in June, evidence that consumers remain cautious despite steady job gains this year.

Retail sales rose just 0.2 percent last month, the Commerce Department said Tuesday, held back by a sharp drop at building and garden supply stores. Sales also fell at restaurants and at auto dealers.

17. Cargill Inc. to Invest $45 Million In West Memphis Grain Facility -

Cargill Inc. will invest $45 million to build a grain handling and shipping facility in West Memphis, the company announced Friday, June 10.

18. Retail Sales Tick Up 0.2 Percent in June -

U.S. retail sales increased slightly in June, evidence that consumers remain cautious despite steady job gains this year.

Retail sales rose just 0.2 percent last month, the Commerce Department said Tuesday, held back by a sharp drop at building and garden supply stores. Sales also fell at restaurants and at auto dealers.

19. Citigroup to Pay $7 Billion in Subprime Mortgages Probe -

WASHINGTON (AP) – Citigroup agreed Monday to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives" and contributed to the worst financial crisis in decades.

20. Midtown Retail Center Owner Files $3 Million Loan -

The owner of the retail building at 1460 Union Ave. in Midtown that houses Office Max and Cricket stores has filed a $2.9 million loan on the property.

21. Welcoming Home Baby Boomers -

Part two of a two-part series. Talented leadership is always in high demand. The question is: Where do you look for leaders, who are you overlooking and how do you effectively sustain their involvement?

22. Greenbrook Apartments Sell for $46.5 Million -

An affiliate of Atlanta-based Carroll Organization bought the 1,037-unit Greenbrook Apartments at 1400 Greenbrook Parkway from Memphis-based real estate investment trust MAA for $46.5 million in a deal that closed Friday, June 11, according to Shelby County property records.

23. Cargill to Invest $45M In West Memphis Facility -

Cargill Inc. will invest $45 million to build a grain handling and shipping facility in West Memphis, the company announced Friday, July 11.

24. IMF Chief Hints at Slower Economic Growth -

The chief of the International Monetary Fund predicts that the global economy will improve over the next 18 months but says that growth might not be as fast as previously expected.

IMF Managing Director Christine Lagarde says that investment remains weak and that the recovery in the United States hinges on the ability of the Federal Reserve to gradually reduce stimulus measures and on political leaders agreeing on a fiscal plan.

25. Cargill to Invest $45 Million in West Memphis Facility -

Cargill Inc. will invest $45 million to build a grain handling and shipping facility in West Memphis, the company announced Friday, July 11.

Cargill, which operates a corn mill on Presidents Island in Memphis, said in a statement that the new facility would “ become a key origination point in the south for soybeans, corn, milo and wheat.”

26. More 'Headline-Grabbing' Corporate Deals Expected -

LONDON (AP) – More "headline-grabbing" acquisitions are likely over the coming year as businesses take advantage of a period of improving economic growth and cheap financing.

That's the conclusion of business consulting firm EY, which says the value of takeover deals announced in the first half of 2014 struck its highest level since the end of the boom years in 2007.

27. We’re All Invited -

MEMPHIS, SERVED IN THE SHELL. Following up last week’s column, this from a reader:

“We have no civic pride, half the population is intent on killing as many as they can and the other part lives behind walls or gates. There was a time in the fifties when you could leave your front door unlocked and keys in the car.”

28. After the Flood -

When the flood water and debris from Nonconnah Creek receded last week from the Wheel Estate Mobile Home Park on East Brooks Road, it exposed a set of familiar issues for such properties in Memphis.

29. Top 10 Email Marketing Best Practices -

Part two in a two-part series. Email marketing has advanced significantly over the past decade, with the potential to be one of the strongest performers of all weapons in your marketing arsenal due to its unique ability for highly personalized content and comprehensive tracking delivered straight to the consumers’ inbox. Unfortunately, it’s also, perhaps, one of the most poorly executed of the marketing channels.

30. Cushman & Wakefield Adds Yates to Capital Markets Team -

Alex Yates has joined the Cushman & Wakefield/Commercial Advisors Capital Markets team as vice president, assisting and executing investment sales, debt/equity placement and development advisory projects. Yates’ efforts will be heavily concentrated in multifamily and retail, but he will focus on other product types as well.

31. Wisconsin Company Plans Paper Plant in Mississippi -

JACKSON, Miss. (AP) – A Wisconsin company will open a $48 million plant in Hattiesburg, Mississippi, to make paper towels, tissue and other projects, hiring 300 people over five years.

32. IMF Chief Hints at Slower Economic Growth -

The chief of the International Monetary Fund predicts that the global economy will improve over the next 18 months but says that growth might not be as fast as previously expected.

IMF Managing Director Christine Lagarde says that investment remains weak and that the recovery in the United States hinges on the ability of the Federal Reserve to gradually reduce stimulus measures and on political leaders agreeing on a fiscal plan.

33. Malone Center Owner Files $4.1 Million Loan -

The owner of the 23.7-acre Malone Distribution Center near the intersection of East Raines Road and Lamar Avenue in Oakhaven has filed a $4.1 million loan on the industrial property.

Cobalt Industrial REIT II filed the deed of trust with absolute assignment of leases and rents, security agreement and fixture filing July 1 through Wells Fargo Bank NA. The deed encompasses parcels at 4366 Malone Road, 4406 Malone and 4436 Malone.

34. Economic Development Growth Engine Looks to Make PILOTs More Effective -

For years, the payment-in-lieu-of-taxes incentive used to recruit or retain jobs in Memphis and Shelby County has been a lightning rod for criticism, particularly from municipal labor unions who view the incentives as corporate welfare that erodes the tax base.

35. ‘Significant Headwinds’ -

When Gov. Bill Haslam joined local economic development and civic officials at FedExForum in January to announce that Conduit Global would open a call center in Shelby County that would employ 1,000 people over the next three to five years, it provided a much-needed boost to the local office real estate sector.

36. Truck Suspension Maker Expanding in Dyer County -

MEMPHIS (AP) – Officials say that Rough Country Suspension Systems, a company that makes suspension products for trucks and SUVs, plans to move its distributions operations to a facility in Newbern.

37. Medical Device Accelerator Prepares for Demo Day -

Teams participating in ZeroTo510, Memphis’ medical device accelerator program, are gearing up to show the new technologies they’ve devised to investors in a bid for follow-on funding next month.

ZeroTo510’s Demo Day, happening Aug. 14, represents the culmination of the program.

38. US to Ask China to Restart Cyber Working Group -

WASHINGTON (AP) – The United States wants to restart a cybersecurity working group that China shut down after the U.S. indicted five Chinese military officers on charges of hacking into American companies' computers to steal trade secrets.

39. Durable Goods Orders Drop 1 Percent in May -

Orders for U.S. durable goods tumbled 1 percent in May as demand for military equipment fell sharply. But excluding defense-related goods, orders actually rose, and orders in a key category that signals business investment also increased.

40. Wunderlich Expands, Opens New Office -

Wunderlich Securities Inc. has expanded into consumer and business services investment banking.

The Memphis-based company has hired Joe Schimmelpfennig, Jeff Ng and Eric Eindahl as managing directors to lead the group and to open a new Orange County, Calif., office. The consumer and business services investment banking team is based in Newport Beach, Calif., and is in the process of supplementing its team with investment banking, equity research and institutional sales and trading professionals.

41. Park Progress -

Shelby Farms Park has always seemed, in a way, like Memphis’ 4,500-acre backyard.

Venture to the park on any given day, and what’s liable to greet you is a cross section of Memphis that presents itself amid the park’s rolling hills, pastures, trails and lakes.

42. The View From Nashville -

IF WE DON’T CARE, NO ONE ELSE WILL. Longtime friend and Nashville marketing maven, David Bohan, answered my column about oxymoronic Nashville barbecue with his own column “Marketing Matters” in The Tennessean last week.

43. Hollingsworth Buys Mississippi Industrial Property -

The Hollingsworth Cos., which operates a prominent industrial development company with holdings across the South, has acquired an industrial building in Senatobia, Miss.

Clinton, Tenn.-based Hollingsworth recently acquired the 198,450-square-foot building at 795 Shands Bottom Road in Senatobia from BMW.

44. Raymond James Recommits to Downtown -

Raymond James is extending its commitment to Downtown Memphis, where the investment firm will remain a key part of the city’s skyline for at least another decade.

The firm has reached a deal with Parkway Properties to extend its lease on the Raymond James Tower at 50 N. Front St. until March of 2024.

45. Amazon, Microsoft, Boeing Lure Interns With Perks -

SEATTLE (AP) – Amazon, Microsoft and Boeing sweeten already lucrative job offers in Seattle with subsidized, furnished housing. Transportation is covered from anywhere in the country, including airport food, baggage fees and taxis. There's free breakfast and dinner, biweekly housekeeping, a private party with Macklemore and Deadmau5.

46. Economy Shrank at Steep 2.9 Percent Rate in First Quarter -

WASHINGTON (AP) – The U.S. economy shrank at a steep annual rate of 2.9 percent in the January-March quarter as a harsh winter contributed to the biggest contraction since the depths of the recession five years ago. But the setback is widely thought to be temporary, with growth rebounding solidly since spring.

47. Durable Goods Orders Drop 1 Percent in May -

Orders for U.S. durable goods tumbled 1 percent in May as demand for military equipment fell sharply. But excluding defense-related goods, orders actually rose, and orders in a key category that signals business investment also increased.

48. Wunderlich Expands, Opens New Office -

Wunderlich Securities Inc. has expanded into consumer and business services investment banking.

49. Is a College Degree Still Worth It? Study Says Yes -

NEW YORK (AP) – Some comforting news for recent college graduates facing a tough job market and years of student loan payments: That college degree is still worth it.

Those with bachelor's or associate's degrees earn more money over their lifetime than those who skip college, even after factoring in the cost of higher education, according to a report released Tuesday by The Federal Reserve Bank of New York. The study, by economists Jaison R. Abel and Richard Deitz, also found that a degree is still a good investment for college grads whose jobs don't require college. About a third of all college graduates remain underemployed for most of their careers.

50. New Nonprofit Charts Role in Blight Fight -

The bulldozer went straight for the leasing office of the former Spanish Oaks apartments on Cazassa Road near Memphis International Airport.

Meanwhile another bulldozer across the two-lane road was deep into demolishing a set of buildings in the old Winchester Park apartments.

51. Calm Amidst the ‘Storm’ -

The S&P 500 continues to inch ever so closer to the 2,000 mark, while volatility measures remain historically low. Furthermore, there have been 43 consecutive days where the S&P 500 has registered a daily return mark within the -1 percent to +1 percent band.

52. Pan Am Flight Academy Building Sold -

A private investment group has purchased the Pan Am International Flight Academy office building.

Valhalla Financial bought the Memphis property, which is occupied by Pan Am’s local flight academy, for $4.9 million from Road Bay Investments LLC, a subsidiary of The Allstate Corp.

53. AutoZone Adds to Stock Buyback -

The board of AutoZone Inc. has authorized the company’s repurchase of an additional $750 million of the company’s common stock in connection with its ongoing share repurchase program.

54. Plastics Recycler Receives Incentives -

A company that recycles and manufactures post-industrial plastics was awarded incentives to relocate from Arkansas to Memphis.

RE-CY, or RE-CY Plastics, was awarded a four-year payment-in-lieu-of-taxes incentive from the board of the Economic Development Growth Engine of Memphis and Shelby County to relocate its plastics recycling and manufacturing operations to Memphis from Searcy, Ark.

55. Starbucks Contribution to Scholarship Overstated -

NEW YORK (AP) – It turns out Starbucks isn't contributing any upfront scholarship money to an online college degree program it introduced this week.

The Seattle-based company unveiled a program Monday that included a scholarship it described as "an investment" between Starbucks and Arizona State University. The program is designed to allow Starbucks workers to earn an online degree at the school at a steeply discounted rate.

56. AutoZone Adds to Stock Buyback -

The board of AutoZone Inc. has authorized the company’s repurchase of an additional $750 million of the company’s common stock in connection with its ongoing share repurchase program.

57. Plastics Recycler RE-CY Receives Incentives -

A company that recycles and manufactures post-industrial plastics was awarded incentives to relocate from Arkansas to Memphis.

RE-CY, or RE-CY Plastics, was awarded a four-year payment-in-lieu-of-taxes incentive from the board of the Economic Development Growth Engine of Memphis and Shelby County to relocate its plastics recycling and manufacturing operations to Memphis from Searcy, Ark.

58. Gestalt Schools Signs Lease in Hickory Hill -

A charter school operator has inked a lease for space on Winchester Road in Hickory Hill.

Gestalt Community Schools has leased 57,000 square feet of space at 5360 Winchester Road inside the Mendenhall Square shopping center.

59. Yellen: US Economy Still Needs Help From Fed -

WASHINGTON (AP) – The U.S. economy still isn't healthy enough to grow at a consistently strong pace without the Federal Reserve's help.

That was the message Fed Chair Janet Yellen sent Wednesday at a news conference after the central bank ended a two-day policy meeting.

60. What to Aid Ailing Casino Market -

TUNICA RESORTS, Miss. (AP) – As Tunica grapples with the Harrah's closure, the state of Mississippi hasn't acted to support the industry. But there are proposals under discussion that might bolster the remaining casinos and the tax revenue they produce. Here's a brief look at some:

61. Current Account Deficit Up From 14-Year Low -

A drop in U.S. exports and lower income from overseas investments drove the U.S. current account deficit to its highest level in 18 months.

The Commerce Department says the deficit jumped to a seasonally adjusted $111.2 billion in the January-March quarter, up from a revised total of $87.3 billion in the October-December quarter. The fourth quarter's total was the smallest in 14 years.

62. Pan Am Flight Academy Building Sold -

A private investment group has purchased the Pan Am International Flight Academy office building.

Valhalla Financial bought the Memphis property, which is occupied by Pan Am's local flight academy, for $4.9 million from Road Bay Investments LLC, a subsidiary of The Allstate Corp.

63. Partners Drive Startup Ecosystem -

Building startups is tough work that requires the engagement of money, mentorship and professional support.

Back before there were incubators, accelerators and formal platforms to systematically assist startup companies, there were critical trusted advisers in the community to help guide entrepreneurs as they started up. Those advisers were local bankers, lawyers, marketers, accountants and others where entrepreneurs could turn for support and guidance. While new startup infrastructures have sprung up to provide knowledge, capital and other resources, professionals continue to be the backbone driving entrepreneurial growth.

64. What Could Possibly Go Wrong? -

The most commonly cited indicator of complacency, the VIX or volatility index, recently hit a low of 10.73, a level not seen since early 2007.

Now a low VIX does not in any way signal an imminent crisis, but it does indicate a very complacent consensus susceptible to even slightly unpleasant surprises. Sadly, when the markets cannot find a reason to sell, Murphy ’s Law always provides one.

65. IMF Lowers Estimate of US Economic Growth in 2014 -

WASHINGTON (AP) – The U.S. economy is poised to accelerate after a dismal start to the year even though the job market won't return to full employment until 2017.

That was the forecast offered Monday in a report by the International Monetary Fund.

66. Fed Unlikely to Shift Course This Week -

When Federal Reserve officials gather this week and Fed Chair Janet Yellen speaks with reporters, investors will be seeking clues to two big questions:

When will the Fed finally start raising short-term interest rates?

67. Aren Investments Buys Winchester Haverty’s -

6870 Winchester Road
Memphis, TN 38115
Sale Amount: $1.1 million

Sale Date: June 2, 2014
Buyer: Aren Investments LLC
Seller: Kirsch Associates LP
Loan Amount: $850,000
Loan Date: June 2, 2014
Maturity Date: Nov. 15, 2015
Lender: BancorpSouth Bank
Details: Local real estate investment firm Aren Investments LLC has paid $1.1 million for the Haverty’s furniture store at 6870 Winchester Road in Hickory Hill.

68. EDGE Mulls Tax Break for Plastics Recycling Co. -

A company that recycles and manufactures post-industrial plastics is considering relocating from Arkansas to Memphis.

RE-CY, or RE-CY Plastics, is considering acquiring a facility on Winchester Road to recycle and manufacture plastics, which are then used for automotive parts, decking and IKEA furniture.

69. Aren Investments Buys Winchester Haverty’s -

Local real estate investment firm Aren Investments LLC has paid $1.1 million for the Haverty’s furniture store at 6870 Winchester Road in Hickory Hill.

70. Perfection vs. Petri Dish -

We live in the fastest-evolving marketplace in history, so why is it that so many companies still move so slowly bringing new products to market?

We believe it is because they are holding fast to an industrial revolution mindset where innovations are carefully devised, honed and perfected. The heft of extensive machines and expensive infrastructure mire down the collective mindset, locking in a collective fear of imperfection. There is much to learn from the nimble tech industry that focuses on speed to market over perfection.

71. ‘A Step Closer’ -

The general contractor for the Crosstown redevelopment project recently applied for three building permits totaling $115.3 million as the development team approaches a key period for financing the ambitious project.

72. Lew: Economy Still Facing Challenges -

Treasury Secretary Jacob Lew said Wednesday that the economy should grow at much stronger rates the rest of this year as the country overcomes the impact of a harsh winter. But Lew said millions of Americans continue to struggle as unemployment remains too high and economic growth is too slow.

73. Renovation, Expansion Underway at Saddle Creek -

The Shops at Saddle Creek has picked up a new tenant as the lifestyle center undergoes a renovation.

Marmi Shoes has leased 1,395 square feet between Vera Bradley and Madewell at Saddle Creek. St. Louis-based Marmi Shoes offers a wide variety of women’s shoe styles and sizes with a European influence. The Saddle Creek location, the first in the Memphis area and the second in Tennessee, is expected to open in the fall.

74. Graceland Hotel Passes Crucial Hurdle -

A new hotel near Graceland has passed a key regulatory hurdle.

The Memphis-Shelby County Land Use Control Board approved a proposal from Elvis Presley Enterprises to build a 450-room hotel on the same side of Elvis Presley Boulevard as the historic Graceland mansion, one of the city’s top tourism sites.

75. Lew: Economy Still Facing Challenges -

Treasury Secretary Jacob Lew said Wednesday that the economy should grow at much stronger rates the rest of this year as the country overcomes the impact of a harsh winter. But Lew said millions of Americans continue to struggle as unemployment remains too high and economic growth is too slow.

76. MicroPort to Invest $100 Million in Arlington Expansion -

MicroPort Orthopedics Inc. is expanding its Arlington location, investing $100 million over the next five years and creating 171 new jobs.

77. How to Sabotage Your Fundraising -

Fundraising is about asking for money. That’s the common perception. But is it the truth?

Here’s what we have learned from our extensive work with nonprofit organizations, colleges and universities, individual donors, program officers and foundation executives: Fundraising is about much more than asking for money.

78. Shops of Wolflake Sells for $3.8 Million -

2965 N. Germantown Road
Bartlett, TN 38133
Sale Amount: $3.8 million

Sale Date: May 20, 2014
Buyer: Bartlett Interests LLC
Seller: Pref Wolflake Partners GP
Details: The Shops of Wolflake retail strip center at 2965 N. Germantown Road in Bartlett has sold for $3.8 million.

79. I Choose Memphis: Melissa Duong -

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

Name: Melissa Duong

80. Boyle Starts New Phase at Spring Creek Ranch -

Activity at Boyle Investment Co.’s Spring Creek Ranch has continued this year with multiple phases of construction as it develops a total of 340 lots over the next decade.

81. Collierville Napa Store Sells for $1.1 Million -

A Fogelman Investment Co. executive has paid $1.1 million for the 7,750-square-foot Napa Auto Parts store at 270 W. U.S. 72 in Collierville.

82. Homeownership: Still the American Dream? -

Ray’s take: There was a time when owning a home was a key factor in achieving “The American Dream.”

That was when it was actually considered a home and not an investment. Sometime between the end of World War II and the 1990s, a home became a house. It was less about the place where you created memories and more about equity and resale value. Then it all came crashing down.

83. Perkins Hotel Sells After Foreclosure -

2700 S. Perkins Road
Memphis, TN 38118
Sale Amount: $2.2 million

Sale Date: May 23, 2014
Buyer: HC Memphis LLC
Seller: Douglas M. Alrutz, successor trustee
Details: The Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has sold for $2.2 million following a first-run foreclosure notice filed earlier this year.

84. Perkins Hotel Sells After Foreclosure -

The Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has sold for $2.2 million following a first-run foreclosure notice filed earlier this year.

85. Commission to Vote on Budget, Tax Rate -

Shelby County Commissioners take final votes Monday, June 2, on a $1.1 billion operating budget and a $75 million capital budget for Shelby County government, and the first of three votes on a new property tax rate for the fiscal year that begins July 1.

86. Argent Financial Adds Brundick in Memphis -

Argent Financial Group has added Ed Brundick to its Memphis team.

He’ll serve as market president of Argent Trust’s Memphis operations, while also partnering with investment firm and Argent subsidiary Highland Capital Management LLC.

87. Durable Goods Orders Up 0.8 Percent in April -

Orders to U.S. factories for long-lasting manufactured goods advanced for a third month in April, but much of the strength came from a big surge in demand for military aircraft. Orders in a category that signals business investment plans fell by the largest amount in three months.

88. Senatobia Furniture Factory to Close -

A furniture factory that was once had more than 1,000 employees in Senatobia is closing.

Chromcraft Revington laid off as many as 200 employees earlier this month, leaving the furniture maker and distributor with about 30 employees to wind down its operations.

89. Change on Tap for Many Local Public Companies -

Here’s a snapshot of recent news and developments at some of the publicly traded companies based in Memphis, reflecting the influence these companies have and the shadows they cast both in Memphis and beyond, in industries that range from bioscience to banking.

90. Facing the Music -

Starting over is one of those tasks that requires a fresh set of eyes if it’s to be pulled off successfully.

There has to be an acceptance that what was and what will be probably are mutually exclusive and a willingness to try new things, to be different and, above all else, to keep pressing forward.

91. Economy Set for Rebound After First Quarter Contraction -

WASHINGTON (AP) – The U.S. economy took a beating from an especially harsh winter during the January-March quarter, skidding into reverse for the first time in three years. But spring has arrived and along with it, signs that the chill was just a temporary setback in the long road to recovery.

92. Titan Medical Buys Bartlett Warehouse -

An affiliate of Titan Medical Manufacturing LLC has paid $2.2 million for the 50,635-square-foot warehouse at 7580 Bartlett Corporate Drive in Bartlett.

93. Know Your Options for Financing Major Home Upgrades -

American Housing Month, recognized each June, is an opportunity for individuals to better understand the process of buying a home and the benefits that come along with home ownership.

But what if you’re already a proud homeowner, and you’re looking to undertake a major reinvestment in your property? Just like when buying a home, it’s important to research before committing to any large purchase. There are a few routes available for financing a home maintenance or renovation project, and the biggest differences are interest rates and collateralization.

94. How Low Can We Go? -

With the S&P 500 back at all-time highs, investors may be experiencing a bit of altitude sickness. With the S&P 500 now up 180 percent from the bottom, it’s right to question how much upside remains. However, the better question might be how much downside lies below.

95. Median CEO Pay Crosses $10 Million in 2013 -

NEW YORK (AP) – They're the $10 million men and women.

Propelled by a soaring stock market, the median pay package for a CEO rose above eight figures for the first time last year. The head of a typical large public company earned a record $10.5 million, an increase of 8.8 percent from $9.6 million in 2012, according to an Associated Press/Equilar pay study.

96. Durable Goods Orders Up 0.8 Percent in April -

Orders to U.S. factories for long-lasting manufactured goods advanced for a third month in April, but much of the strength came from a big surge in demand for military aircraft. Orders in a category that signals business investment plans fell by the largest amount in three months.

97. Senatobia Furniture Factory to Close -

A furniture factory that was once had more than 1,000 employees in Senatobia is closing.

Chromcraft Revington laid off as many as 200 employees earlier this month, leaving the furniture maker and distributor with about 30 employees to wind down its operations.

98. AutoZone Quarterly Profit Rises 7.4 Percent -

Memphis-based AutoZone Inc. has enjoyed double-digit earnings per share growth every quarter since the latter part of the administration of President George W. Bush – 31 straight quarters, to be precise.

99. Economic Gauge Posts April Gain -

A gauge designed to predict the economy’s future health posted a solid gain in April, further evidence of stronger growth after a severe winter dampened activity.

The Conference Board said Thursday that its index of leading indicators increased 0.4 percent in April following an upwardly revised 1 percent gain in March. The strength in April was led by improving housing and financial market conditions.

100. West Clinic Portfolio Sells for $12.1 Million -

Core Real Estate Capital has completed the sale of three West Clinic Cancer Centers to 2014 Acquisitions 11 LLC, an affiliate of Net Lease Capital Advisors.

Net Lease Capital Advisors, a national real estate investment company based in Nashua, N.H., purchased the portfolio of three single-tenant medical facilities for approximately $12.1 million from Core Real Estate Capital, which acquired the properties in 2011. The deal closed Tuesday, May 20.