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Editorial Results (free)

1. Paragon Bank Closes the Book on Busy 2014 -

Paragon Bank has closed the book on 2014, an active year for the bank with milestones that included, among other things adding a wealth solutions team, executing new leases for two banking centers and forming a small business capital group.

2. European Cruise Giant Viking Plans Mississippi River Tours -

NEW ORLEANS (AP) – European river cruise giant Viking, already gaining a high profile in the United States with its sponsorship of popular PBS television shows, announced Tuesday that it will make New Orleans its first North American home port for Mississippi River cruises expected to begin by late 2017.

3. Medtronic Earnings Top Wall Street Forecasts -

Medtronic Inc. on Tuesday reported fiscal third-quarter net income of $977 million.

The Minneapolis-based company said it had profit of 98 cents per share. Earnings, adjusted for non-recurring costs, were $1.01 per share.

4. Building From a New Blueprint -

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

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

5. What Recession? Middle Tennessee Largely Spared -

After handling clients at SunTrust as a senior portfolio manager for high-net-worth clients, many with $10 million or more in assets, Dana Moore, CFA, and two colleagues (George Stadler, Angela Helbig), founded HMS Investment Advisors in 2009.

6. Comfy Camping -

The way Andy Cates explains it, camping out hasn’t changed a lot in about half a century.

And while “roughing it” appeals to many of those in search of outdoors experiences, for others – sometimes in the same family – it doesn’t or it isn’t possible.

7. Medtronic Tops Wall Street Forecasts for Third Quarter -

Medtronic Inc. reported fiscal third-quarter net income of $977 million.

The Minneapolis-based company said it had profit of 98 cents per share. Earnings, adjusted for non-recurring costs, were $1.01 per share.

8. Memphis Leading Cities In Women-Led Startup Programs -

As a female serial entrepreneur, I experienced firsthand both the challenges and the opportunities of building a technology startup as a woman.

I started my entrepreneurial journey in 2004 and in 2013 joined Start Co. as an entrepreneur-in-residence because of the community’s focus on inclusion and empowerment of women. With the support of LaunchTN, City of Memphis, Assisi Foundation, FedEx, Start Co. Angels, and local partners like Baker Donelson, archer-malmo, The Marston Group and others, as a community we can see the impact and success of our acceleration and inclusion programs for women.

9. Saudi Prince set to Visit Memphis Monday -

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

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

10. Alternative Ending -

The city of Memphis secured $6.7 million in federal funding last week to improve and rehab public housing.

Meanwhile, the city’s application for a much larger federal grant to demolish the city’s last large public housing development was making the rounds at the federal Department of Housing and Urban Development.

11. Rite Aid to Pay $2B for EnvisionRx -

Rite Aid is expanding from running drugstores into managing pharmacy benefits with a planned, $2 billion purchase of EnvisionRx.

The company said it will pay about $1.8 billion in cash and $200 million in stock for EnvisionRx, a pharmacy benefit manager, or PBM, owned by the investment firm TPG.

12. Kellogg Cuts Forecast as Cereal Sales Decline -

Kellogg said Thursday that its cereal unit suffered another quarterly sales decline, and the company cut its long-term revenue forecast.

The maker of Frosted Flakes, Pop Tarts and Special K said it now expects core revenue to rise between 1 to 3 percent over the long-term, down from the previous forecast of 3 to 4 percent.

13. Kellogg Cuts Sales Forecast As Cereal Continues Decline -

Kellogg said Thursday that its cereal unit suffered another quarterly sales decline, and the company cut its long-term revenue forecast.

The maker of Frosted Flakes, Pop Tarts and Special K said it now expects core revenue to rise between 1 to 3 percent over the long-term, down from the previous forecast of 3 to 4 percent.

14. Scripps Networks Beats Fourth-Quarter Profit Forecasts -

KNOXVILLE, Tenn. (AP) – Scripps Networks Interactive Inc. (SNI) on Thursday reported fourth-quarter net income of $131.8 million.

15. Rite Aid to Pay $2 Billion for Pharmacy Benefit Manager -

Rite Aid is expanding from running drugstores into managing pharmacy benefits with a planned, $2 billion purchase of EnvisionRx.

The company said it will pay about $1.8 billion in cash and $200 million in stock for EnvisionRx, a pharmacy benefit manager, owned by the investment firm TPG.

16. Let Hackers In: Experts Say Traps Might Be Better Than Walls -

SEOUL, South Korea (AP) – Ever since the Internet blossomed in the 1990s, cybersecurity was built on the idea that computers could be protected by a digital quarantine. Now, as hackers routinely overwhelm such defenses, experts say cybersecurity is beyond due an overhaul.

17. Wade to Lead Southern College of Optometry's Hayes Center -

Dr. Lisa Wade has been named director of the Hayes Center for Practice Excellence at Southern College of Optometry, which focuses on teaching business principles to help optometrists succeed in independent practice.

18. Real Estate Community Readies for Pinnacle Awards -

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

19. Facebook, LinkedIn Join to Help Women in Tech -

MENLO PARK, Calif. (AP) – Facebook and LinkedIn want to boost dwindling numbers of women studying engineering and computer science with a collaborative initiative announced Friday that they hope will eventually fill thousands of lucrative Silicon Valley jobs long dominated by men.

20. Brean Capital Looks to Expand, Grow in Memphis -

Brean Capital LLC arrived in Memphis a few months ago and sees 2015 as a year of forward momentum for the company, with a planned move to a new office as well as interest in adding to the firm’s local ranks.

21. Loeb Properties Bullish on Center City Development -

When Loeb Properties Inc. acquired the warehouse at 2542 Broad Ave. in 1995, Aaron Petree, the company’s current vice president of brokerage, was just starting high school.

22. S&P Paying $1.38 Billion to Settle Charges Over Crisis-Era Ratings -

WASHINGTON (AP) – Standard & Poor's is paying about $1.38 billion to settle government allegations that it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis, the Justice Department announced Tuesday.

23. Word of Mouth Still Crucial for Adding Sales -

Building the customer base of a small business is not the same challenge it was 10 years ago. As digital content grows and it becomes more affordable to access, business owners are competing with more voices to be heard by potential customers.

24. Apple Plans to Sell as Much as $6.5 Billion in Bonds -

NEW YORK (AP) – Apple is planning another large bond sale at a time when investors are paying near record premiums for high-quality bonds.

The technology giant will sell a combination of bonds with maturities ranging from five years to 30 years, according to a filing with U.S. regulators. The company was originally trying to sell $5 billion in bonds, according to traders, but investor demand has been strong and Apple's offering might go as high as $6.5 billion.

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

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

26. Local Business Executives Upbeat as 2015 Gets Underway -

The latest Memphis Economic Indicator, a quarterly survey measuring general business sentiment, presented something of an upbeat trend in sentiment to kick off 2015.

The survey, which includes a set of six questions, asks participants to consider via a number scale, from positive to negative, how optimistic they are about the coming quarter.

27. Airport Business Park Sells for $4.7 Million -

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

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

28. TeamHealth Announces Expansion, 450 Jobs -

A healthcare company in Blount County has announced an expansion project that it says will create 450 new jobs.

The Daily Times reports TeamHealth, which provides outsourced physician staffing for hospitals, announced Wednesday that it plans a new building in Louisville.

29. Automotive Supplier Expanding in Tennessee -

A leading global automotive supplier plans to build a new facility in McMinn County that’s expected to create as many as 400 new jobs.

Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd announced this week that DENSO Manufacturing will build the new 224,000-square-foot facility at its existing location in Athens.

30. After Setting iPhone Record, What Does Apple Do Next? -

SAN FRANCISCO (AP) – Apple CEO Tim Cook says consumer demand for new iPhones has been "staggering" and "hard to comprehend." That helped the company report record-smashing earnings for its latest quarter and sent the stock climbing more than 7 percent on Wednesday.

31. Super Bowl Ad Preview -

Regardless of what happens on the field, history will be made at this year’s Super Bowl of advertising – starting with a record price tag of $4.5 million for a 30-second spot, a significant spike from the $4 million advertisers forked over last year.

32. Airport Business Park Sells for $4.7 Million -

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

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

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

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

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

34. EDGE Approves Ikea Incentives -

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

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

35. Phoenix REIT Purchases 2 Walgreens for $11.3 Million -

A Phoenix-based real estate investment trust has acquired two Walgreens stores from the retailer’s parent company.

ARCP WG Memphis TN LLC and ARCP WG Bartlett 5950 Stage Road LLC, both affiliates of Phoenix-based American Realty Capital Properties, acquired the Walgreens stores at 3670 Riverdale Road and 5950 Stage Road in Bartlett from the Walgreen Co. for $11.3 million, according to two Nov. 24 special warranty deeds.

36. Millennial Challenge: Do I Rent or Do I Own? -

Mike Smalling is a mortgage loan originator with F&M Mortgage and is a lifer in mortgage lending. He recently penned a book entitled “Your Mortgage Matters,” and the work provides information for those new to home buying, as well as those that have bought and sold numerous homes.

37. Hitting the Accelerator -

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

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

38. What We Can All Learn From Techies -

Sunday night, when most of us were relaxing and watching the Golden Globe Awards, I received a text from a friend. It said, “I spent some time today figuring out a new video software.” And, it had a link to a fun short video.

39. Plans Emerge for Universal Life Building -

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

40. Bank of Bartlett Buys Germantown Property -

1870 Kirby Parkway
Germantown, TN 38138
Sale Amount: $4.1 million

Sale Date: Dec. 29, 2014
Buyer: Bank of Bartlett
Seller: Spence Ray
Details: Bank of Bartlett has bought back a site on Kirby Parkway in Germantown for $4.1 million.

41. City Officials Ponder Macy’s Whitehaven Exit -

Memphis officials say they were blindsided by the announcement from Macy’s that it was closing its store at Southland Mall in Whitehaven and hope they can prevent more retailers from closing inner city locations.

42. Phoenix REIT Purchases 2 Walgreens for $11.3 Million -

A Phoenix-based real estate investment trust has acquired two Walgreens stores from the retailer’s parent company.

ARCP WG Memphis TN LLC and ARCP WG Bartlett 5950 Stage Road LLC, both affiliates of Phoenix-based American Realty Capital Properties, acquired the Walgreens stores at 3670 Riverdale Road and 5950 Stage Road in Bartlett from the Walgreen Co. for $11.3 million, according to two Nov. 24 special warranty deeds.

43. Cordova Retail Center Sells for $1.2 Million -

An affiliate of a Georgia-based real estate investment company has acquired a Cordova shopping center for $1.2 million.

CPT Berryhill LLC, which is affiliated with Marietta, Ga.-based Clifton Property Trust, bought the 17,500-square-foot Shops at Berryhill shopping center at 1890 Berryhill Road in Cordova from Berry Hill 169 LLC, an affiliate of Palm Beach Gardens, Fla.-based Ram Realty Services, according to a Dec. 30 special warranty deed. Ram Realty acquired the property out of default in 2010 for $400,000.

44. Crosstown Developers File $80.5 Million Loan -

The Crosstown development team has secured an $80.5 million loan on the property.

Crosstown Building Owner LLC filed the loan with SunTrust Bank, according to a Dec. 30 deed of trust. McLean Wilson, the Crosstown development team’s co-leader, signed the trust deed.

45. Cordova Retail Center Sells for $1.2 Million -

An affiliate of a Georgia-based real estate investment company has acquired a Cordova shopping center for $1.2 million.

CPT Berryhill LLC, which is affiliated with Marietta, Ga.-based Clifton Property Trust, bought the 17,500-square-foot Shops at Berryhill shopping center at 1890 Berryhill Road in Cordova from Berry Hill 169 LLC, an affiliate of Palm Beach Gardens, Fla.-based Ram Realty Services, according to a Dec. 30 special warranty deed. Ram Realty acquired the property out of default in 2010 for $400,000.

46. European Job Hunt -

When I visited Dublin, Ireland, in 2013, I was surprised at what I found. It was a European city that in some ways reminded me of home. People were incredibly friendly. The culture was built around music, food and socializing. The city’s core is a similar size to Downtown Memphis, and it’s built around a river.

47. Tanger Outlets Confirms Southaven Involvement -

Tanger Factory Outlet Centers Inc. has confirmed what The Daily News first reported in December: It will play a key role in the development of a massive outlet mall in Southaven.

48. Concerns Raised About Ikea Incentives -

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

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

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

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

50. Crosstown Developers File $80.5 Million Loan -

The Crosstown development team has secured an $80.5 million loan on the property.

Crosstown Building Owner LLC filed the loan with SunTrust Bank, according to a Dec. 30 deed of trust. McLean Wilson, the Crosstown development team’s co-leader, signed the trust deed.

51. REIT Buys Distribution Center for $14.5 Million -

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

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

52. Building the Base -

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

53. Crosstown Developers File $80.5 Million Loan -

The Crosstown development team has secured an $80.5 million loan on the property.

Crosstown Building Owner LLC filed the loan with SunTrust Bank, according to a Dec. 30 deed of trust. McLean Wilson, the Crosstown development team’s co-leader, signed the trust deed.

54. Loeb Acquires Newby’s Restaurant Space -

Memphis-based Loeb Properties has acquired one of the most venerable locations on the Highland strip.

Loeb purchased the long-time home of club and restaurant Newby’s at 535 and 539 Highland St. from Paragon Bank. A purchase price was not disclosed Friday, Jan. 2.

55. REIT Buys Distribution Center for $14.5 Million -

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

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

56. Bioworks Helped Spur Memphis Economy in 2014 -

In a variety of ways, the biosciences industry in Memphis helped lead the way in 2014 in terms of job creation and laying a foundation for economic growth in the future.

About that groundwork for growth to come, for example, the Memphis Bioworks Foundation got tapped early in 2014 to lead a new entrepreneurship venture in the city called The EPIcenter, with the goal of creating 1,000 entrepreneurs and 50 companies in the city over the next decade.

57. Why the US Will Power the World Economy in 2015 -

WASHINGTON (AP) – The United States is back, and ready to drive global growth in 2015.

After long struggling to claw its way out of the Great Recession, the world's biggest economy is on an extended win streak that is edging it closer to full health. But the new year doesn't look quite so bright in other major countries.

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

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

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

59. You Can’t Afford a Job Search Holiday -

The holiday season is a perfect chance to spend quality time with friends and family. It’s fun to put up holiday decorations, exchange gifts, and attend holiday gatherings. If we’re lucky, we get lots of rest, and extra time doing things we enjoy.

60. Walgreen Fiscal First-Quarter Profit Jumps 16 Percent -

Stronger sales from established stores helped Walgreen trump first-quarter expectations, and the nation's largest drugstore chain said Tuesday that a major acquisition expected to stoke its global reach and buying clout should close next week.

61. City, County Catch Late-Year Economic Development Surge -

Through September, things were looking somewhat bleak for Memphis and Shelby County on the economic development front.

At that point in the year the city and county were on pace to tie a record low for the number of payments-in-lieu-of-taxes, or PILOT, agreements granted to companies in a year. While granting fewer tax incentives could be viewed as good news because companies were more fiscally sound or confident about operating in Memphis and Shelby County, the lower level of activity represented a dip in the level of economic investment in the area.

62. US Companies Eager to Embrace Cuba Face Hurdles -

WASHINGTON (AP) – Cargill aims to sell more corn and soybeans. MasterCard covets another site for Americans to swipe credit cards. Marriott sees beachfront property that needs hotels.

And outside Orlando, Florida, Danny Howell just knows there would be demand for his classic Chevrolet parts.

63. E-Commerce Shift Could Benefit Region -

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

64. Target, Cummins Awarded Tax Breaks -

Two companies won approval Wednesday, Dec. 17, for tax incentives for projects that will create around 1,400 jobs.

The board of the city-county Economic Development Growth Engine approved 15-year payment-in-lieu-of-taxes, or PILOT, incentives for Target and Cummins Inc.

65. Beale Street Authority Takes Shape -

A new tourism development authority being proposed for the Beale Street entertainment district would not replace the Beale Street Development Corp.

66. Ikea to Open First Tennessee Store in Memphis -

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

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

67. 26 Industrial Properties Facing Foreclosure -

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

68. Council to Weigh Next Moves on Beale -

A Beale Street Tourism Development Authority with a nine-member appointed board would oversee the development and management of the entertainment district under the terms of a 13-page resolution that goes to the Memphis City Council this week for discussion.

69. 26 Industrial Properties Facing Foreclosure -

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

70. DeSoto Sears Distribution Center Up For Lease -

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

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

71. AutoZone Net Income Up 9.3 Percent -

AutoZone kicked off its new fiscal year with another quarter of growth, posting increases in same-store sales and earnings per share that are typical of earning announcements from the Memphis-based auto parts retailer.

72. Dollar General Misses Street 3Q Forecasts -

Dollar General Corp. reported third-quarter results Thursday that missed Wall Street expectations, and said it is still committed to buying rival discount retailer Family Dollar, which has already agreed to be bought by Dollar Tree. Dollar General said it plans to give an update on its Family Dollar bid this month.

73. Wunderlich Investment Taps New Finance Chief -

Wunderlich Securities Inc. has a new chief financial officer at its holding company, Wunderlich Investment Co.

74. Kemmons Wilson Cos. Announces New Leaders -

Kemmons Wilson Cos., a family-run business started by Holiday Inn Hotels founder Kemmons Wilson, has announced a new leadership team.

Spence Wilson Jr., Kemmons Wilson III, McLean Wilson and Webb Wilson – all grandsons of Kemmons Wilson – are now principals of the firm. The previous second-generation family leadership group, Spence Wilson Sr., Robert Wilson, and Kemmons Wilson Jr., will remain members of the board of directors.

75. Barnes & Noble, Microsoft End Nook Deal -

NEW YORK (AP) – Bookseller Barnes & Noble said Thursday it is ending its commercial agreement with Microsoft for its Nook e-book reader ahead of its planned Nook spinoff.

The news came as the largest U.S. traditional bookseller reported second-quarter net income that missed expectations.

76. Dollar General Misses Street Third-Quarter Forecasts -

Dollar General Corp. reported third-quarter results Thursday that missed Wall Street expectations, and said it is still committed to buying rival discount retailer Family Dollar, which has already agreed to be bought by Dollar Tree. Dollar General said it plans to give an update on its Family Dollar bid this month.

77. Anixter Moving Memphis Distribution Operations -

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

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

78. Next Generation Takes Helm of Kemmons Wilson Cos. -

A new leadership team has taken the reins at Kemmons Wilson Cos., the family-run business started by Holiday Inn founder Kemmons Wilson.

Spence Wilson Jr., Kemmons Wilson III, McLean Wilson and Webb Wilson – all grandsons of Kemmons Wilson – are now principals of the firm. The previous second-generation family leadership group, Spence Wilson Sr., Robert Wilson, and Kemmons Wilson Jr., will remain members of the board of directors.

79. Wunderlich Investment Taps New Finance Chief -

Wunderlich Securities Inc. has a new chief financial officer at its holding company, Wunderlich Investment Co.

80. Wunderlich Taps New Chief Financial Officer -

Wunderlich Securities Inc. has a new chief financial officer at its holding company, Wunderlich Investment Co.

The Memphis-based investment firm has tapped Stacy Hodges as its new CFO. She brings two decades of financial services experience to the role, mostly with Dallas-based Southwest Securities. She also has a background in public accounting.

81. Amazon's New Robot Army is Ready to Ship -

TRACY, California (AP) – A year ago, Amazon.com workers like 34-year-old Rejinaldo Rosales hiked miles of aisles each shift to "pick" each item a customer ordered and prepare it for shipping.

82. It’s Time to Update Your Website When … -

Take a minute to think about your company’s website. Does it invoke a sense of pride, or do you cringe and immediately think, “We should really work on that … eventually”?

In today’s fast-paced, technologically advanced world, your website is the window into your company, its mission and its values. It can make or break sales, bring in or repel new business and either be a talking point for your business or something you hope clients never comment on. Which category does your website fall into?

83. Lynnfield Place Apartments Sell for $22.4 Million -

1400 Lynnfield Road
Memphis, TN 38119
Sale Amount: $22.4 million

Sale Date: Nov. 7, 2014
Buyer: Lynnfield Apartments LLC
Seller: Lynnfield Holdings LLC
Loan Amount: $20 million
Loan Date: Nov. 3, 2014
Borrower: Lynnfield Apartments LLC
Lender: Arbor Commercial Funding LLC
Details: The Lynnfield Place apartment community in East Memphis has sold for $22.4 million.

84. AutoZone Shares Draw Interest From New Research Firms -

The stock of Memphis-based AutoZone Inc. has picked up new coverage from a handful of investment firms in recent weeks that have assigned a range of ratings to the stock.

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

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

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

86. Boyle Sees Opportunity in East Memphis -

Memphis-based Boyle Investment Co. hopes to break ground next year on a new office building at its Ridgeway Center complex near Poplar Avenue and Shady Grove Road, according to company officials.

87. Paragon Bank Launches Wealth Solutions Group -

Paragon Bank has formed a wealth solutions division, a group of six led by president and managing director Dan Overbey, in a move beyond its traditional banking services to offer a new suite of products to customers.

88. Elvis Presley Enterprises Seeks $70 Million Building Permit for Hotel -

3600 Elvis Presley Blvd.
Memphis, TN 38116
Permit Amount: $70 million

89. Microsoft Surpasses Exxon as 2nd Most Valuable Co. -

SAN FRANCISCO (AP) – The bull run in Microsoft's stock this past year has helped the tech giant surpass Exxon Mobil and seize the rank of the second most valuable company, behind Apple Inc.

90. Wunderlich Adds to Equity Capital Markets -

The last few weeks have been a time of expansion and growth for Memphis-based investment firm Wunderlich Securities Inc.

91. Hillwood to Launch Two Spec Buildings in DeSoto County -

A Texas-based development firm will start turning dirt soon on a massive new business park in DeSoto County.

Hillwood Investment Properties is expected to begin site work in around 30 days on Legacy Park, a 266-acre distribution and business park on the south side of Goodman Road, just east of Hacks Cross Road near Polk Lane.

92. Highland Row Developer Applies for $6.7 Million Permit -

387 S. Highland St.
Memphis, TN 38111
Permit Amount: $6.7 million

Project Cost: $61 million
Application Date: November 2014
Engineer: Jordan & Skala Engineers
Details: Indianapolis-based developer Milhaus Ventures has applied for another building permit for the long-awaited Highland Row project near the University of Memphis.

93. Overton Square Highlights Commercial Real Estate Positives -

The old owners of Overton Square had a plan to remove existing local tenants and retailers and replace them with national retailers.

They succeeded in emptying Overton Square of tenants, but couldn’t attract new national retailers, leaving what was left to twist in the wind.

94. Hook, Line & Sinker -

In May, when the first guests at Big Cypress Lodge inside The Pyramid open the French doors in their rooms, they’ll be able to walk onto a patio overlooking the sprawling interior of the Bass Pro Shops store and attraction, including a re-creation of Delta cypress swamp and 600,000 gallons of water features.

95. FedEx Founder: Expect More Automation -

FedEx founder, chairman and CEO Fred Smith is pretty confident that robotics, automation and perhaps drones will play an increasingly large role in the FedEx of the future.

96. Park Avenue Professional Building Sells for $1.3M -

An affiliate of Memphis-based Belz Enterprises has sold an East Memphis office building for $1.3 million.

Belz Investco GP sold the Park Avenue Professional Building at 930 S. White Station Road, at the northeast corner of White Station and Park Avenue, to Mem1 RE LLC, according to an Oct. 31 warranty deed. The buyer is affiliated with Dallas-based real estate investment company Pro Domo LLC.

97. Tech Support -

As FedEx evolved, it developed its own technologies for moving packages around the globe, such as handheld devices that scan packages. When those devices experienced problems, FedEx technicians repaired them.

98. Park Avenue Professional Building Sells for $1.3 Million -

An affiliate of Memphis-based Belz Enterprises has sold an East Memphis office building for $1.3 million.

Belz Investco GP sold the Park Avenue Professional Building at 930 S. White Station Road, at the northeast corner of White Station and Park Avenue, to Mem1 RE LLC, according to an Oct. 31 warranty deed. The buyer is affiliated with Dallas-based real estate investment company Pro Domo LLC.

99. Investment Group Buying Varsity Brands -

A private equity firm is in the process of leading an acquisition of Memphis-based Varsity Brands.

The latter is comprised of a portfolio of three school achievement brands – Herff Jones, BSN Sports and Varsity Spirit. Varsity Brands’ current leadership, under the terms of the proposed acquisition agreement, will get to both keep their current positions and join the investment group led by Charlesbank Capital Partners that’s buying the firm.

100. Midtown Cash Saver Property Sells for $5.3 Million -

1620 Madison Ave.
Memphis TN 38104
Sale Amount: $5.3 million

Sale Date: Oct. 24, 2014
Buyer: LAG Memphis LLC
Seller: Super Market Developers Inc.
Loan Amount: $3.9 million
Loan Date: Oct. 24, 2014
Lender: Ladder Capital Finance LLC
Details: The Cash Saver property on Madison Avenue in Midtown has been sold for $5.3 million.