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Editorial Results (free)

1. Why Airlines Keep Pushing Biofuels: They Have No Choice -

NEW YORK (AP) — The number of global fliers is expected to more than double in the next two decades. In order to carry all those extra passengers, airlines are turning to a technology very few can make work on a large scale: converting trash into fuel.

2. Ikea Buys Cordova Acreage For Planned Memphis Store -

41 Acres for
Future Ikea Store

Sale Amount: $5.7 million

Sale Date: July 10, 2015

Buyer: IKEA Property Inc.

3. Google Shareholders Revel in Record 1-Day Windfall of $65.1 Billion -

SAN FRANCISCO (AP) – Google's stock roared out of a long slumber Friday to produce the biggest shareholder windfall in U.S. history as investors rewarded the Internet company for promising to curb its spending on risky projects.

4. REIT Buys Sears Properties in Sale-Leaseback -

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

5. As Amazon Turns 20, A Look at Its Biggest Bets -

NEW YORK (AP) – Amazon has come a long way from selling books out of a Seattle garage.

The company had an inauspicious start in July 1995 at the dawn of the Web as an online bookseller. It narrowly escaped the dot-com bust of 2000 to reinvent online retailing. And eventually, it morphed into the global e-commerce powerhouse it is today with $89 billion in annual revenue.

6. LRK Launches Expansion in Downtown Memphis -

Looney Ricks Kiss is embarking on an expansion of its Downtown Memphis headquarters.

The Memphis-based architecture, planning and design firm is expanding its office footprint by about 60 percent as part of a long-term lease extension at the Toyota Center building adjacent to AutoZone Park, 175 Toyota Plaza.

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

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

8. Madeline Patterson Joins Burson Campaigns -

Madeline Patterson has joined the Memphis office of Burson Campaigns, the corporate issues management unit of Burson-Marsteller, as a vice president. In her new role, Patterson will work with Burson clients on issues and crisis management, communications strategy, and integrated marketing and communications campaigns.

9. JPMorgan 2Q Profit Up As Bank Trims Expenses -

NEW YORK (AP) — JPMorgan Chase & Co.'s second-quarter profit rose 4 percent as the bank made up for lower revenue by cutting expenses.

10. Boner, Fate and the Summer of Shame -

Phil Bredesen knew what he was trying to do. He just didn’t know if he could accomplish it.

“I had this sense that Nashville was ready for change,” says the former Metro mayor and Tennessee governor, reflecting on his early motivation for taking on the system that had run Nashville for decades.

11. IBM Claims Breakthrough in Making Chips Even Smaller -

NEW YORK (AP) – IBM says it has achieved a breakthrough in making computer chips even smaller, creating a test version of the world's first semiconductor that shrinks down the circuitry by overcoming "one of the grand challenges" of the tech industry.

12. 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.

13. Phillip Rogers Joins Wunderlich Wealth Management -

Phillip Rogers recently joined the Wunderlich Wealth Management office in Memphis as a managing director and financial adviser. Rogers’ financial services practice is focused on the needs of high net worth individuals, as well as endowments and foundations. He applies his background in and knowledge of the fixed income capital markets to extend an institutional level of expertise to individual investors.

14. Fino’s Taking a Bite Out of East Memphis -

The Brookhaven Circle area, an emerging restaurant row in the heart of East Memphis, is welcoming a new neighbor.

Jerry Wilson, owner of Fino’s from the Hill at 1853 Madison Ave. in Midtown, has acquired the property at 703 W. Brookhaven Circle in East Memphis for $526,600.

15. Engaging Followers Via LinkedIn -

LinkedIn, the world’s largest social media platform specifically targeting the business community, has grown to roughly 350 million users in 2015 according to Statista. And businesses have taken note with more than 4 million of them flocking to create company pages in order to tap into this critical mass of business professionals.

16. Culture Trumps Concepts -

When many people hear the word “Innovation” they think of a service that created a category: Xerox or FedEx. Or, they think of one that made bold, brilliant moves to earn a leadership position in an emerging space: Google, Facebook, Uber and Airbnb.

17. Uncomfortable Truths in Real Estate Contracts -

Bill Decker of Decker Wealth Management was recently discussing a contract issue he had with one of his vendors, the issue being whether Decker should be allowed to purchase additional product at a certain price.

18. Business in Politics -

One of the first things Shea Flinn noticed when he left the Memphis City Council this year was that benches for audience members in the council chamber are less comfortable than council members’ seats.

19. 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.

20. UBS Adding New Office in Nashville Area -

NASHVILLE, Tenn. (AP) — State officials say financial services company UBS is investing $11 million in a new office in Williamson County, adding 350 jobs in the next several years.

Officials said the new office in Franklin will accommodate the growth of the UBS Business Solution Center in Nashville, as well as a satellite branch office for Wealth Management Americas financial advisors.

21. Spanish Auto Parts Maker Gestamp Expanding in Chattanooga -

CHATTANOOGA, Tenn. (AP) — Spanish auto parts maker Gestamp is expanding operations in Chattanooga with a $180 million investment the company says will triple its capacity in the city and create 550 new jobs.

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

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

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

23. Modern Throwback Over the Moon Diapers Finds Growth in Online Sales -

New parents often look to their own mothers for support and advice, but Courtney Moser found a business partner in her mother, Janice Bogott. The pair operates Over the Moon Diapers, a web-based distributor for cloth diapers, breastfeeding accoutrements and other baby supplies.

24. Memphis Startup ‘Pickle’ Lands $135,000 in Funding -

A local entrepreneur has secured $135,000 in funding for her startup company, Pickle.

Morgan Steffy, an entrepreneurship fellow at the University of Memphis Crews Center for Entrepreneurship, has secured the funds for the competitive “selfie” and photo sharing application. Users can upload photos to challenge in categories such as “best dog selfie” or “most disheveled morning face” and other users vote for a winner.

25. Building Green in a Red-Hot Market -

Counting cranes has become a Nashville pastime, and the perks of all that development are clear – a robust economy, vibrant real estate market and more jobs.

Naturally, there is concern among some residents that all of the construction and increased population could harm the area’s environment, water and air quality and green space.

26. Kroger First-Quarter Earnings Rise, Top Expectations -

CINCINNATI (AP) – Kroger's fiscal first-quarter profit rose, free of some pension-related charges that weighed it down last year.

A profit that beat expectations and an upgraded sales forecast helped push the supermarket chain's stock higher in premarket trading.

27. Memphis Startup 'Pickle' Lands $135,000 in Funding -

A local entrepreneur has secured $135,000 in funding for her startup company, Pickle.

Morgan Steffy, an entrepreneurship fellow at the University of Memphis Crews Center for Entrepreneurship, has secured the funds for the competitive “selfie” and photo sharing application. Users can upload photos to challenge in categories such as “best dog selfie” or “most disheveled morning face” and other users vote for a winner.

28. 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.

29. CVS Health Launches Health, Beauty Makeover for Drugstores -

CVS drugstores that quit tobacco sales last year are now getting health and beauty makeovers and a shot of ethnic diversity in some cases to attract customers who want more than a prescription refill.

30. Zacks Expects FedEx to Beat Earnings Estimates  -

Zacks said it is “impressed by FedEx’s efforts to control costs in a bid to boost the bottom line.”

Consequently, Zacks expects FedEx to achieve its fiscal 2015 earnings per share outlook in the band of $8.80 to $8.95. The investment research firm also said it was encouraged by the Memphis-based company’s “focus on share buybacks and regular dividend payments to enhance shareholder value.”

31. 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

32. Memphis Economic Indicator Taking Third-Quarter Responses -

Investors in some of Memphis’ largest publicly traded companies are likely to feel somewhat encouraged about the current state of the economy – at least, when looking at their portfolios.

33. Hillwood Pays $17.7M for FedEx SupplyChain Facility -

Hillwood Investment Properties, a Dallas-based commercial real estate investment company based, has purchased the Summit Distribution Center Building II, according to a special warranty deed filed June 4.

34. MAA Outgrowing Its East Memphis Headquarters -

MAA has tapped Cushman & Wakefield/Commercial Advisors to explore its long-term corporate office needs.

The apartment-focused real estate investment trust says internal growth and the 2013 acquisition of Colonial Properties Trust means space at its East Memphis headquarters is getting tight.

35. Do More Jobs Mean More Economic Security? Not for Some -

WASHINGTON (AP) – The U.S. economy is churning out a lot of jobs these days but not a lot of financial security for many of the people who hold them.

Pay growth, though improving, remains tepid. Many workers have few opportunities to advance. Others have taken temporary, part-time or freelance jobs, with little chance of landing full-time permanent work with benefits.

36. AP Analysis: More 'Phony Numbers' in Reports as Stocks Rise -

NEW YORK (AP) – Those record profits that companies are reporting may not be all they're cracked up to be.

As the stock market climbs ever higher, professional investors are warning that companies are presenting misleading versions of their results that ignore a wide variety of normal costs of running a business to make it seem like they're doing better than they really are.

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

Hillwood Investment Properties, a Dallas-based commercial real estate investment company based, has purchased the Summit Distribution Center Building II, according to a special warranty deed filed June 4.

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

8199 Poplar Ave.
Germantown, TN 38138

Sale Amount: $65.5 million

Sale Date: May 27, 2015

39. Wal-Mart Keeps It All in the Family, Chair Passed to Penner -

FAYETTEVILLE, Ark. (AP) – Wal-Mart is passing the chairmanship of the world's largest retailer from the eldest son of late founder Sam Walton to a third generation.

The company said that board Chairman Rob Walton will step down and be succeeded by Vice Chairman Greg Penner, who is his son-in-law.

40. Downtown Developer Gene Carlisle Laid to Rest -

Downtown developer Gene Carlisle was laid to rest Monday, June 1, following his death late last week. He was 72.

Carlisle was chairman and founder of Carlisle Corp., a multifaceted real estate development firm and restaurant operator, including numerous franchised Wendy’s locations. In 2014, Carlisle Corp. made an equity investment in LYFE Kitchen, which is planning to open two Memphis locations and move its headquarters here.

41. Buster's Boom: Popular Liquor and Wine Store Expanding -

Buster’s Liquors & Wines is expanding its footprint. The popular wine and liquor store near the University of Memphis is taking over the space occupied by La Hacienda Mexican Restaurant in the University Center retail development at Poplar Avenue and Highland Street.

42. Making the Connection -

Archie Willis III had just earned his master’s degree in business at the University of North Carolina at Chapel Hill when he returned to Memphis in 1981 to help his father, A.W. Willis Jr., redevelop the Adler Hotel Annex.

43. Ashley Furniture Talking With Investment Banker -

ARCADIA, Wis. (AP) – Ashley Furniture Industries has acknowledged that it's in "exploratory" discussions with investment banking firm Goldman Sachs, but downplays the possibility of a sale.

44. The Solana Germantown Bought for $65.5 Million -

An affiliate of a Fortune 500 real estate investment trust has bought a senior living facility in Germantown for nearly $65.5 million.

HCP Germantown LLC, an affiliate of health care-focused real estate investment trust HCP, bought The Solana Germantown facility at 8199 Poplar Ave. in Germantown from FSP-Germantown, an affiliate of Brookdale Senior Living, according to a May 27 warranty deed.

45. Medtronic Beats Street Fourth-Quarter Forecasts -

Medtronic lost $1 million in its fiscal fourth quarter, as costs tied to its $42.9 billion acquisition of Covidien and other expenses weighed on the medical device maker's performance.

The company, which moved its headquarters to Dublin earlier this year after completing the deal, absorbed $368 million in acquisition-related costs and $207 million in restructuring. Medtronic's selling, general and administrative expenses also soared 56 percent to $2.4 billion. Its cost of products sold also more than doubled in the quarter that ended April 24.

46. Dollar General First-Quarter Profit Tops Street, Key Sales Metric Rises -

GOODLETTSVILLE, Tenn. (AP) – Dollar General's fiscal first-quarter profit topped Wall Street's expectations, and a key sales measurement rose thanks to better traffic and shoppers spending more per transaction.

47. Downtown Developer Gene Carlisle Laid to Rest -

Downtown developer Gene Carlisle was laid to rest Monday, June 1, following his death late last week. He was 72.

Carlisle was chairman and founder of Carlisle Corp., a multifaceted real estate development firm and restaurant operator, including numerous franchised Wendy’s locations. In 2014, Carlisle Corp. made an equity investment in LYFE Kitchen, which is planning to open two Memphis locations and move its headquarters here.

48. Regions Bank Taps New Area Wealth Executive -

Regions Bank has tapped Travis LeMonte to be its new area wealth executive for Regions Private Wealth Management in West Tennessee.

49. Prepare for Takeoff -

At Southern Airways Express’ hub in a Memphis International Airport executive terminal, movement is at a peaceful lull.

There are no loudspeaker announcements or TSA check-in points. Patrons sip complimentary coffee. The lobby opens right onto the tarmac where a fleet of 9-passenger Cessna 208 Caravan jets land about 12 times daily.

50. VIA Productions Expands With Acquisition -

Growth is the name of the game these days at Memphis-based VIA Productions, which in the last 30 days has grown by 25 percent with five new hires.

The company also announced in recent days the acquisition of Memphis-based Otter Creek Productions, a company that rents cameras and equipment to production companies throughout the U.S., a service that VIA previously hadn’t offered.

51. TruGreen Selects East Memphis for New Headquarters -

TruGreen is moving more than 300 Memphis-area employees and its corporate headquarters to a 65,000-square-foot space at the Forum II office building in East Memphis, the company announced Friday.

The new headquarters, which will eventually house up to 400 of TruGreen’s corporate associates, will be part of the three-building Forum Office Complex, situated at the intersection of Kirby Parkway and Poplar Avenue.

52. Snapshot: Memphis-Based Public Companies -

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

AutoZone Inc.

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

53. Stock-Buyback Programs Hit Record Pace -

If this was a poker game, it could be said that American companies are doubling down – repurchasing their own stock at a record pace instead of betting on new, outside investments.

TrimTabs Investment Research calculated that companies had announced plans to buy back $133 billion of their own stock in April. That was a new monthly high.

54. Conn’s Acquires Site for Third Memphis-Area Location -

A Texas-based retailer has acquired a fully leased shopping center in Southaven and will build a new store on an outparcel of the existing retail center.

Conn’s Appliances Inc. acquired the Stateline Square Shopping Center at 550 Stateline Road in Southaven for $5 million from Brixmor Commercial Real Estate, which was doing business as NPK Southaven LLC.

55. AutoZone Reports Quarterly Revenue, Earnings Increase -

AutoZone Inc. reported Tuesday morning a 35th consecutive three-month period of double-digit earnings per share growth.

56. Justices Make It Easier to Sue Over 401(k) Retirement Plans -

WASHINGTON (AP) – The Supreme Court ruled unanimously Monday in favor of participants in employee retirement plans who object to companies' investment decisions that eat into retirement savings.

57. Investors Pumping Hundreds of Millions Into Tennessee Startups -

The assignment sounded simple enough: Find out whether more money is coming into Nashville for startups.

If so, where is it coming from and what does it means to entrepreneurs, investors and the rest of us?

58. Verizon Buys AOL for $4.4 Billion in Mobile Video Bet -

NEW YORK (AP) – After selling millions of Americans their mobile phones, Verizon now wants to capture their eyeballs, too.

As its phone business slows down, the nation's largest wireless carrier is making a $4.4 billion bet that it can find growth in mobile video and advertising by buying AOL, one of the Internet's oldest brands, which has been through its own share of transformations since introducing much of America to the online world nearly a generation ago.

59. Total Concept Launching Fully Online Enterprise -

If you’ve learned about an in-store sale while shopping for groceries, this Memphis-based printing company could have been the one to help you save those extra pennies.

For nearly 20 years, Total Concept has worked as a full-service printing company for large manufacturers and retail chains in the Memphis area. This year, it will launch a fully online enterprise, Eco Signs and Banners Memphis, within the parent company.

60. Job Losses Reflect Risks of Economic Development -

Tennessee officials say they are watching the fallout from Conduit Global’s sudden mass layoffs at its Memphis-area call center and that the state could eventually move to reclaim grant funds the company was awarded.

61. Want a Great-Paying Job? Here’s the Deal -

Want a new career with nearly unlimited upside potential? One that will have employers beating down your door?

Uncle Sam wants you – to join the technology workforce.

Nationwide, skilled tech workers are in short supply, with more than half a million jobs going unfilled. And in Tennessee, where the rapidly expanding economy has companies competing for every qualified worker, the state is going to great lengths to train people in sought-after tech skills – footing the entire bill, in some cases, for adults willing to retool their careers.

62. Wunderlich Acquires Dallas Investment Firm -

Memphis-based Wunderlich Investment Co. has reached a deal to acquire Dallas-based independent investment advisory firm Fiduciary Financial Services of the Southwest.

63. Scripps Networks Tops First-Quarter Profit Forecasts -

KNOXVILLE, Tenn. (AP) – Scripps Networks Interactive Inc. (SNI) on Thursday reported first-quarter profit of $123.8 million.

64. Conduit Job Cuts Follow Bass Pro Gain -

The news that Conduit Global would lay off nearly 600 of its 700 Memphis call center employees happened so quickly that Mayor A C Wharton Jr. was caught by surprise when the word came Wednesday, May 6.

65. Cirrus Aircraft to Build New Center at East Tennessee Airport -

Cirrus Aircraft is building a new center in East Tennessee that will create 170 new jobs.

Media reports say the center will become the flagship location for all sales, marketing and customer experience operations for the Minnesota-based manufacturer of small airplanes.

66. Rodgers Takes Reins at Collierville Chamber -

Kanette Keough-Rodgers recently took over as president/CEO of the Collierville Chamber of Commerce after the chamber’s transition team selected her from more than 170 candidates.

In her new role, Rodgers is responsible for retaining and expanding chamber membership by ensuring members receive relevant, responsive and timely services, initiatives, programs and events. She is also responsible for forging and sustaining relationships with community, government and educational institutions.

67. Wunderlich Acquires Dallas Investment Firm -

Memphis-based Wunderlich Investment Co. has reached a deal to acquire Dallas-based independent investment advisory firm Fiduciary Financial Services of the Southwest.

68. Germantown Parkway Parcels Sell for $3.4 Million -

789 and 725 N. Germantown Parkway
Memphis, TN 38018
Sale Amount: $3.4 million

69. Avondale Partners Expands Into Memphis -

Avondale Partners, a Nashville-based boutique investment banking and wealth management firm, has opened a new office in Germantown with John Santi heading up the location as managing director.

The new office brings to the Mid-South investment banking and equity research focused on the health care, transportation, logistics and business services sectors as well as a fiduciary investment practice for individuals and institutions.

70. Collierville Warehouse Sells for $400,000 -

A Jacksonville, Fla.-based investment company has acquired a Collierville warehouse.

CC Acquisition Co. LLC purchased the warehouse at 636 Chaney Drive in Collierville from Browning Construction Co. Inc. for $400,000, according to an April warranty deed.

71. Economic Microscope -

Back in 2012, Century Wealth Management president and founder Jay Healy was telling the firm’s clients that the U.S. stock market was behaving like a coiled spring.

72. UAW Reports 55 Percent Membership at VW Plant in Tennessee -

NASHVILLE, Tenn. (AP) – The United Auto Workers union has 816 members at the Volkswagen plant in Tennessee, or about 55 percent of the total blue collar work force, according the union's latest disclosure with the U.S. Department of Labor.

73. Collierville Warehouse Sells for $400,000 -

A Jacksonville, Fla.-based investment company has acquired a Collierville warehouse.

CC Acquisition Co. LLC purchased the warehouse at 636 Chaney Drive in Collierville from Browning Construction Co. Inc. for $400,000, according to an April warranty deed.

74. International Paper Reports ‘Solid’ First Quarter -

International Paper Co. reported net earnings of $313 million for the first quarter of 2015.

The earnings, which come to 74 cents a share, compare to $134 million in the last quarter of 2014 and a net loss of $95 million in the year-ago quarter.

75. IHeartMedia Sells Four Memphis Radio Towers -

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

76. Sounds Like a Hit for Neighbors -

For months, sounds of construction surrounded the Nashville Sounds’ sparkling new First Tennessee Park in Germantown.

The constant thump-thump-thump of pounding jackhammers competed with the irritating, high-pitched beeps of vehicles backing up. Ka-ching! Cranes lifted steel beams into place, keeping time with a syncopated thrumming of never-ending drilling. Ka-ching!

77. Start Co. Startups Pull in $1.8 Million -

The funding announcements keep rolling in for startup teams that participated in Start Co.’s 2014 round of accelerator programming.

78. Wal-Mart Moves Forward With New Supercenter -

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

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

79. IHeartMedia Sells Four Memphis Radio Towers -

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

80. Don't Panic, College Seniors: Jobs for Grads Likely to Grow -

WASHINGTON (AP) – The consulting and accounting firm EY is aggressively recruiting on college campuses this spring. The company formerly known as Ernst & Young plans to hire 9,000 graduates from U.S. universities this year, up from 7,500 in 2014. But recruiting isn't as easy as it used to be.

81. Loeb Sees Activity at Executive Square -

Loeb Properties has picked up a new lease and a lease renewal inside the Executive Square development in East Memphis.

BoCo Health Services signed a new lease for 1,007 square feet in Suite 103 at 5575 Poplar Ave. In addition, Sunshine Corp. renewed its 1,075-square foot lease in Suite 420.

82. Heavy Lifting -

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

83. 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

84. 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.

85. Technology Drives Global Growth for MSM Solutions -

Rick Summers knows the value of adaptation. What started out as a side job being a Mid-South distributor for pricing guns and stickers has grown into a global company on the forefront of labeling technology.

86. 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.

87. Bypass the Taxman via Property Exchange -

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

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

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

89. Highland Capital Management Merges With Florida Firm -

Memphis-based investment firm Highland Capital Management has merged with a Florida-based financial firm.

Highland Capital has acquired the assets of ICC Capital Management, a combination that increases client assets under management at Highland to $2.8 billion. As a result, Highland’s parent company, Louisiana-based wealth management firm Argent Financial Group, is now responsible for client assets of more than $11 billion.

90. Amazon.com Offering to Help Get Jobs Done Around the House -

SEATTLE (AP) – Amazon.com is introducing a referral service to help people to get projects and chores done around their homes.

The recommendation system, called Amazon Home Services, marks the e-commerce company's latest attempt to expand its empire beyond online shopping. It debuted Monday across the U.S. after several months of testing in New York, Los Angeles and Amazon.com's home city of Seattle.

91. 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.

92. Plans Revealed for $55 Million Central Station Project -

Conceptual plans were revealed Friday for the widely anticipated redevelopment of Central Station.

Archie Willis of Community Capital and developer Henry Turley outlined the $55 million plan for the finance committee of the Memphis Area Transit Authority.

93. AutoZone Authorizes $750 Million Stock Repurchase -

AutoZone Inc. announced this week it was boosting its share repurchase program yet again with the authorization of $750 million to repurchase shares of the company’s common stock.

94. 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.

95. AutoZone Authorizes $750M For Stock Repurchase -

AutoZone Inc. announced this week it was boosting its share repurchase program yet again with the authorization of $750 million to repurchase shares of the company’s common stock.

96. Flurry of Fred’s News Includes Fourth-Quarter Loss -

Fred’s Inc. reported a fourth-quarter loss Thursday, March 26, the day after announcing a major acquisition to its pharmacy network as well as the addition of several new executives.

Fred's Inc. booked an $8.2 million loss in the quarter ended Jan. 31 as a rise in expenses countered a small sales gain.

97. HJ Heinz Buys Kraft To Build $28 Billion Food Giant -

NEW YORK (AP) – Some of the most familiar names in ketchup, pickles, cheese and hot dogs are set to come under the same roof after H.J. Heinz Co. announced plans Wednesday to buy Kraft and create one of the world's largest food and beverage companies.

98. Simon Property Raises Bid for Macerich to $16.8 Billion -

NEW YORK (AP) – Mall operator Simon Property boosted its hostile bid for rival Macerich by 5 percent to $16.8 billion and said it will be its best and final offer.

The proposed deal would combine two of the largest U.S. shopping mall operators.

99. Boyle-Affiliated Company Buys Schilling Farms Land -

A company affiliated with Boyle Investment Co. has sold vacant land inside the Memphis-based company’s Schilling Farms development in Collierville to another Boyle-related entity.

100. 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.