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Editorial Results (free)

1. Acura of Memphis Owner Buys Dealership, Land -

2611 Ridgeway Road, 6055-6085 Acura Cove
Memphis, TN 38119
Sale Amount: $12.4 million

2. Acura of Memphis Owner Buys Dealership, Land -

The owner of Acura of Memphis has paid $12.4 million for the East Memphis dealership and 25 acres of land.

Umansky Properties AOM LLC – led by Danny Umansky of Umansky Auto Group, which includes Acura of Memphis, Acura of Jackson, Tenn., and Wolfchase Hyundai – bought the properties in an Oct. 1 warranty deed from Tameron Properties Memphis LLC.

3. Acura of Memphis Owner Buys Dealership, Land -

The owner of Acura of Memphis has paid $12.4 million for the East Memphis dealership and 25 acres of land.

Umansky Properties AOM LLC – led by Danny Umansky of Umansky Auto Group, which includes Acura of Memphis, Acura of Jackson, Tenn., and Wolfchase Hyundai – bought the properties in an Oct. 1 warranty deed from Tameron Properties Memphis LLC.

4. McNeill Seeks Permits for Germantown Medical Offices -

1432 Kimbrough Road and 1468 Kimbrough Road
Germantown, TN 38138
Project Cost: $2.6 million

5. Life Church Files $16.4 Million Loan -

The Life Church of Memphis has refinanced its four campuses and the Cordova shopping center it owns for $16.4 million, according to a Sept. 25 commercial deed of trust.

The refinance through SunTrust Bank includes the 101,908-square-foot shopping center Life Church owns at 1800 N. Germantown Parkway, the former Victory University site at 255 N. Highland Ave., a Collierville location at 650 Houston Hill Road and a campus in Jackson, Tenn.

6. Cycle for Life -

She’s young, physically active, and the family history did not suggest she was at risk. Yet Kate Horton was diagnosed with ovarian cancer.

7. Marx-Bensdorf Expands in East Memphis -

A prominent Memphis realty company has expanded its presence in East Memphis. Marx-Bensdorf Realtors has grown in the office building at 5860 Ridgeway Loop Blvd. by 526 square feet, bringing its total to 4,653 square feet.

8. Germantown Land Sells for $6 Million -

Neshoba-Exeter Real Estate Partners, whose managing general partner is M. Spence Ray, has acquired property in Germantown for $6 million.

Neshoba-Exeter Partners acquired roughly 16 acres of vacant land zoned for residential development in two parcels owned by Owen Investments LP near the northeast corner of South Germantown and Neshoba roads on Sept. 15, according to a warranty deed.

9. AutoZone Agrees to Buy Parts Distributor -

A few weeks ahead of its fiscal fourth quarter earnings announcement, Memphis-based AutoZone Inc. disclosed it’s reached a deal to buy Interamerican Motor Corp., the second-largest distributor of original equipment import replacement parts in the U.S.

10. FedEx Founder Highlights Economic Club Fall Slate -

FedEx founder Fred Smith will make a rare public speaking appearance in Memphis Nov. 6, as part of the fall 2014 lineup of speakers planned for the Economic Club of Memphis.

11. 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

12. 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.

13. Chisca Hotel Owners File Construction Loan -

The Chisca Hotel ownership group has filed a $17.3 million construction loan to renovate and redevelop the historic South Main Street property.

Main Street Apartment Partners LLC filed the construction leasehold deed of trust, assignment of leases and rents, security agreement and fixture filing July 18 through SunTrust Banks.

14. Cohen-Wilkins Campaign Gets Personal -

In hard-fought political races, candidates try to disrupt the game plan of their rival, change the rules of the contest to their own liking and control the campaign’s narrative.

On the third day of the early voting period in advance of the Aug. 7 election day, that is what both contenders in the 9th District Democratic Congressional primary had come to.

15. ServiceMaster Sponsoring New BizTown Shop -

Junior Achievement of Memphis and the Mid-South Inc. has announced the newest shop in JA BizTown will be sponsored by ServiceMaster.

16. Green Mountain Consulting Finds Home Along Poplar -

Logistics vendor Green Mountain Consulting wasn’t necessarily looking to buy an office building when it began its search for more office space for expansion.

“We’re not getting into the commercial real estate business because we wanted to be in it; we got into it because we have a company to operate and needed the space,” said Jim Jacobs, one of Green Mountain’s co-founders.

17. ServiceMaster Sponsoring New BizTown Shop -

Junior Achievement of Memphis and the Mid-South Inc. has announced the newest shop in JA BizTown will be sponsored by ServiceMaster.

18. Legacy Farm Owner Files $29.8 Million Loan -

1120 Winchester Road
Collierville, TN 38017
Loan Amount: $29.8 million

Loan Date: June 18, 2014
Maturity Date: July 1, 2021
Borrower: Legacy Farm LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 368-unit Legacy Farm apartment complex at 1120 Winchester Road in Collierville has filed a $29.8 million loan on the property.

19. AZAL Files $2.2 Million Loan on Bartlett Property -

The owner of the 26,568-square-foot warehouse at 3025 Kate Bond Blvd. in Bartlett has filed a $2.2 million construction loan on the property.

20. SunTrust Joins Effort to Upgrade Bank Branches -

ATLANTA (AP) – The largest bank based in Georgia has joined a national push to upgrade branches, spurred by customers who prefer online banking to waiting in a teller line.

Two SunTrust locations – one already open inside a food court at the bank's Atlanta headquarters and another scheduled to open this summer in the Georgetown neighborhood in Washington, D.C. – will test customers' response to new technology. Bank officials said they will use that feedback to help determine where and when to roll out the updates at other branches.

21. Homer Skelton Wolfchase Dealership Sells for $8.5 Million -

An entity whose manager is president of Acura of Memphis has paid $8.5 million for the Homer Skelton Wolfchase Hyundai auto dealership at 7727 U.S. 64 in Northeast Memphis.

Umansky Properties WH LLC – led by Danny Umansky of Acura of Memphis – bought the 48,085-square-foot property in a May 7 special warranty deed from First Tennessee Bank NA, trustee of the Homer D. Skelton Inter Vivos Trust, u/t/a dated March 28, 2000.

22. Estate Planning Council Taps New Leadership -

J. Randolph Flatt, a financial planner with the Mid-South Financial Group of Mass Mutual, has been elected to serve as vice president and acting president for the Estate Planning Council of Memphis.

23. Call Center ‘Gratifying’ for Local Office Sector -

Conduit Global’s announcement this week that it is locating a call center in Shelby County that will employ 1,000 people was a breath of fresh air for local office real estate professionals.

24. Estate Planning Council Taps New Leadership -

J. Randolph Flatt, a financial planner with the Mid-South Financial Group of Mass Mutual, has been elected to serve as vice president and acting president for the Estate Planning Council of Memphis.

25. What to Expect When You’re Expecting -

S&P 500 corporate earnings in 2013 likely grew about 6 percent. The S&P 500 price index, however, grew 29.6 percent. The difference between the growth in earnings and the growth in the price index amounts to P/E expansion.

26. Location is Key for Success of Downtown’s New York Pizza -

As businesses expand and contract, corporations find homes in faraway cities and new technology means that law offices don’t have to adhere to the convenience of proximity the courthouse affords, so goes the Downtown workforce.

27. Out-of-Town Banks Target Memphis for Growth -

More than 40 percent of the customer deposit share in the Memphis-area banking market belongs to institutions that have a presence here but are based outside the area, the latest figures from the Federal Deposit Insurance Corp show.

28. State Lease Bolsters One Commerce Square -

F. Scott Fitzgerald once said there were no second acts in American lives.

But One Commerce Square, the towering Downtown office building at Union Avenue and Main Street, is preparing for its third act.

29. Embassy Suites Memphis Sells for $24.8 Million -

1022 S. Shady Grove Road
Memphis, TN 38119
Sale Amount: $24.8 million

Sale Date: Nov. 15, 2013
Buyer: 1022 South Shady Grove LLC
Seller: 1022 Shady Grove LLC
Loan Amount: $22.6 million
Loan Date: Nov. 15, 2013
Maturity Date: N/A
Lender: Great American Life Insurance Co.
Details: An affiliate of Chicago-based hotel asset manager Lodging Capital Partners LLC has paid $24.8 million for the Embassy Suites Memphis hotel at 1022 S. Shady Grove Road in East Memphis.

30. Leases Push Renaissance Center Near Capacity -

The Renaissance Center office building in East Memphis should be near capacity early next year, following a series of recent lease signings.

Financial Federal signed a lease on Tuesday, Nov. 20, to occupy 27,000 square feet on the first and second floors of the Renaissance Center, 1715 Aaron Brenner Drive. In addition to the new location, the growing financial firm will have signage atop the East Memphis office building along Poplar Avenue east of Interstate 240.

31. Bartlett Warehouse Sells for $1.2 Million -

The 26,568-square-foot warehouse at 3025 Kate Bond Blvd. in Bartlett has sold to a local buyer for $1.2 million.

32. FDIC Releases Latest Market Share Figures -

The Federal Deposit Insurance Corp. has come out with its latest annual ranking of the customer deposit share among banks, and not much has changed in the Memphis metropolitan statistical area over 2012.

33. Office Team Helps Colliers Expand Local Footprint -

As a part of the Colliers International office in Memphis’ growth strategy, the brokerage office has been expanding its presence in the office sector over the past year by adding a new office team consisting of Frazier Baker and Will Barden.

34. FDIC Releases Latest Market Share Figures -

The Federal Deposit Insurance Corp. has come out with its latest annual ranking of the customer deposit share among banks, and not much has changed in the Memphis metropolitan statistical area over 2012.

35. Influence1 Files $2.6 Million Loan for Former Bishop Byrne -

1475 E. Shelby Drive
Memphis, TN 38116
Loan Amount: $2.6 million

Loan Date: Aug. 23, 2013
Maturity Date: Aug. 23, 2024
Borrower: The Influence1 Foundation
Lender: Regions Bank
Details: The Influence1 Foundation, the Memphis-based organization that bought the former Bishop Byrne High School in June, has filed a $2.6 million loan on the property, at 1475 E. Shelby Drive in Whitehaven.

36. South Junction Files $14.8 Million Loan -

Just a few days after its permits were filed, the development group building the 197-unit South Junction apartments Downtown has taken out a $14.8 million construction loan for the project.

South Junction Partners – through a payment-in-lieu-of-taxes (PILOT) program via the Memphis Center City Revenue Finance Corp. – filed the deed of trust Aug. 27 with SunTrust Bank.

37. Mission of Love -

Beginning Sept. 5, Memphis will once again come together to Rock for Love.

The seventh annual, three-day fundraiser for the Church Health Center, providing health care for the working uninsured, will kick off that Thursday evening with a VIP barbecue at Ardent Studios.

38. Building the Future -

The CEO of the largest bank based in Memphis told analysts earlier this year on the company’s first-quarter earnings call that executives there are in the middle of rethinking the bank’s branch network.

39. Metropolitan Bank Hires Two in Memphis -

Metropolitan Bank has brought on two additions in Memphis.

David Hertlein has joined the bank as a mortgage specialist, and Stephanie Maness is the newest client services adviser. Both are working in Metropolitan’s Poplar Avenue office.

40. SunTrust Contributes $1 Million to Operation HOPE -

SunTrust Banks Inc. is adding Operation HOPE financial counselors to select branches in Atlanta and Memphis as part of its ongoing efforts to promote financial well-being.

41. SunTrust Contributes $1 Million to Operation HOPE -

SunTrust Banks Inc. is adding Operation HOPE financial counselors to select branches in Atlanta and Memphis as part of its ongoing efforts to promote financial well-being.

42. ‘All Options Open’ -

It’s been almost two years since Pinnacle Airlines moved more than 600 employees into the One Commerce Square building Downtown.

Hailed as a victory in the long-running battle to revive Downtown, Pinnacle’s move to the 29-story building at Union Avenue and Main Street was hailed by city, county and business leaders as a signature event that would spur more investment and development in the city’s core.

43. Profitable Year Has Paragon Upbeat -

Executives with Paragon National Bank laid out for shareholders this week a set of strategic objectives for 2013 that included making continued progress toward wringing problem assets out of the bank and improving the bank’s earnings power.

44. Briglia Joins Archer-Malmo as Web/Broadcast Artist -

Kristen Briglia has joined archer-malmo as web/broadcast turbo artist. In her new role, Briglia will produce web graphics, HTML and video-editing services for the growing digital and broadcast departments, and will also help on print projects as needed.

45. Magna Bank Makes Several Appointments -

Magna Bank has named Frazer Gieselmann as senior vice president and manager of construction lending.

As manager of construction lending, he will lead the bank in providing construction loans to individuals and builders.

46. Magna Bank Makes Several Appointments -

Magna Bank has named Frazer Gieselmann as senior vice president and manager of construction lending.

As manager of construction lending, he will lead the bank in providing construction loans to individuals and builders.

47. Boyle Celebrates 80 Years, Sponsors Art Exhibit -

Boyle Investment Co. turns 80 this year, and has partnered with the Memphis Brooks Museum of Art to celebrate.

48. Evolve Bank Opening Branch in Marion -

Evolve Bank & Trust is opening a full-service branch in Marion, Ark., in March.

Evolve bought and is currently renovating a 7,000-square-foot SunTrust Banks Inc. building in Marion, and once completed it will be Evolve’s fifth branch in eastern Arkansas. It currently operates branches in Arkansas and Tennessee and mortgage production offices around the U.S.

...

49. Evolve Bank Opening Branch in Marion -

Evolve Bank & Trust is opening a full-service branch in Marion, Ark., in March.

Evolve bought and is currently renovating a 7,000-square-foot SunTrust Banks Inc. building in Marion, and once completed it will be Evolve’s fifth branch in eastern Arkansas.

50. Events -

National Association of Women Business Owners Memphis will meet Tuesday, Feb. 12, from 11:30 a.m. to 12:45 p.m. at Chickasaw Country Club, 3935 Galloway Ave. City, county and state government representatives will discuss opportunities to gain government business. Cost is $25 for members, $30 for nonmembers and $35 at the door. Visit bit.ly/122SiTT to register.

51. Events -

VA Medical Center Women’s Veterans Program and Cardiology Clinic will hold its Red Dress Fashion Show and heart health program Monday, Feb. 11, at 11 a.m. at the medical center theater, 1030 Jefferson Ave. Constance Adcock, coordinator of WomenHeart Memphis, will speak. Visit memphis.va.gov.

52. Memphis Investment Firm Expands Into Nashville -

Memphis-based investment firm Duncan-Williams Inc. has continued its national expansion with the opening of a Nashville office.

53. Memphis Investment Firm Expands Into Nashville -

Memphis-based investment firm Duncan-Williams Inc. has continued expansion with the opening of a Nashville office. As part of the expansion, H. Denny Taylor Jr. has joined Duncan-Williams in Nashville as a managing director and will serve as co-head of mergers, acquisitions and capital raising.

54. Lender Processing Paying $121 Million to Resolve Claims -

One of the biggest U.S. mortgage processing companies has agreed to pay $121 million to resolve states' claims that it wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

55. Pinnacle Departure Brings Real Estate Challenge -

Pinnacle Airlines Corp.’s relocation of its Memphis headquarters to Minneapolis by May should have long-term leasing effects on the Downtown office market.

56. SunTrust Banks Posts Jump in Fourth-Quarter Net Income -

SunTrust Banks Inc. said Friday that its fourth-quarter net income soared, helped by mortgage-related and investment banking income.

The Atlanta-based regional bank earned $350 million, or 65 cents per share, for the last three months of 2012, up from $71 million, or 13 cents per share, in the same quarter a year ago.

57. Crowne Plaza Hotel Sells Out of Foreclosure -

300 N. Second St. Memphis, TN 38103

Sale Amount: $9.4 million

Sale Date: Dec. 28, 2012

58. Banks to Pay $8.5 Billion for Foreclosure Abuse -

WASHINGTON (AP) – Ten major banks agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

59. Owner of Winchester Lit Files $1.1 Million Loan -

The partnership related to the Lit Refrigeration Co. restaurant supply stores has filed a $1.1 million loan on the Lit Jr. store at 1665 Winchester Road in Whitehaven.

60. Trio of New Branch Managers Chosen at Bank of Bartlett -

Bank of Bartlett has chosen three new bank branch managers.

They are Timothy Nick Hobbs, Tim Martin and John Paul Kavin.

61. Third-Quarter Earnings Vary Widely -

Third-quarter earnings season is wrapping up, and the results have been all over the map for banks and financial institutions with ties to Memphis.

One common thread: many are still making money – an increase in profits, in fact. But the low interest rate environment is eating into how much some of them are able to achieve.

62. SunTrust Banks Falls as Third Quarter Expenses Climb -

NEW YORK (AP) — Shares of SunTrust Banks continued to fall on Tuesday, after the regional bank posted higher third-quarter expenses amid low interest rates.

THE SPARK: SunTrust Banks Inc. reported Monday that its third-quarter earnings climbed sharply, but the gain was mainly because it sold shares it owned in The Coca-Cola Co. Its performance beat the expectations of analysts polled by FactSet.

63. Stocks Recoup Losses in Late Rally on Wall Street -

NEW YORK (AP) — A late buying spree erased early losses on Wall Street, leaving indexes with modest gains at the close of trading.

The Dow Jones industrial average came back from a 108-point deficit to end the day up two points at 13,346 on Monday.

64. SunTrust Earnings Rise Sharply -

SunTrust Banks Inc. on Monday posted sharply higher third-quarter earnings, largely due to the regional bank’s sale of shares it owns in The Coca-Cola Co.

65. Fieldstone Apartments Files $9 Million Loan -

Fieldstone Apartments III LLC – an affiliate of Michael Lightman Realty Co. – has filed a nearly $9 million loan through SunTrust Banks Inc. for land that will become a new apartment phase.

66. Return on Investment -

Most people already know some of the basic elements of the banking business. From the large national lenders with a Memphis presence to the community banks in the suburbs, one common element is they make money by charging borrowers more than the bank pays in interest to depositors.

67. SunTrust Q2 Profit Rises 55 Pct. on Interest, Fees -

ATLANTA (AP) — SunTrust Banks Inc.'s net income shot up 55 percent in the second quarter, as it collected more interest on loans and fees and wrote off far fewer unpaid loans.

68. First Horizon Likely to Post Negative Q2 -

The Memphis-based parent company of First Tennessee Bank is likely to break a string of profitable quarters when the company makes its second-quarter earnings presentation in a few weeks.

69. SunTrust's New Appointee Will Not Join Company -

ATLANTA (AP) – SunTrust Banks Inc. announced Monday that David Stevens will not join the company's mortgage business as previously announced.

70. Cortview Capital Expands Memphis Team -

Brad Bodine, who heads the credit products group for Cortview Capital Securities LLC, says growth in Memphis “is an important strategy” for the firm, which has been on a hiring streak around the country lately.

71. SunTrust Earns $245M in Q1 on Loans; Beats Street -

SunTrust Banks Inc. gave out more mortgage loans to its customers and commercial loans to businesses in the first three months of the year, which boosted earnings at the bank to $245 million, compared to $38 million in the same period last year.

72. Construction Loan Filed To Develop Lamar Crossing -

2881 Lamar Ave.
Memphis, TN 38114

Loan Amount: $5.4 million

Loan Date: March 1, 2012

73. Orpheum Theatre Names New Board Members -

The Orpheum Theatre and its parent organization, the Memphis Development Foundation, has announced 10 members joining the Orpheum board of directors. The new members are: Chuck Treadway, Thomas & Betts president and chief operating officer; Don Young, Smith and Nephew senior vice president, corporate sustainability; Andy Taylor, Gerber/Taylor Capital Advisors Inc. partner; Gary Smith, Apperson Crump PLC attorney; Alan Mullen, Crew Training International president; Scott Hennessy, True Temper Sports Inc. president; Keri Gage, SunTrust private wealth management/senior vice president; Robert Cox, Glassman, Edwards, Wyatt, Tuttle & Cox PC attorney; Bo Allen, First Tennessee executive vice president; and Sara Adams, community volunteer.

74. Berclair Downtown Animal Hospital Sells -

Berclair Downtown Animal Hospital LLC has paid $940,367 for the Downtown clinic of the same name, 668-674 S. Main St.

75. Triumph Bank’s Mantra: Say ‘Yes’ to Customer -

Entrepreneurs get in the game for many different reasons. They do it to make money, certainly, and to maintain a degree of control over that money and their professional lives.

For many, though, there is an urge to participate within and for a community they understand, live and work in. These are the reasons Triumph Bank was founded, and why their board, 15-strong, is made up, not of bankers per se, but of entrepreneurs.

76. Garrett Finds Banking Home at Metropolitan -

Do something that makes you happy, and if it’s banking, always deliver on your promises. That sums up the professional philosophy of Maria Garrett, a recent hire at Metropolitan Bank who brought 12 years of industry experience to her new job as a senior managing director.

77. Grinding it Out -

After most recessions, real estate bounces back.

But the Great Recession has been notably different – long, deep and very prolonged.

That’s the message Dr. John Gnuschke, director of the Sparks Bureau of Business and Economic Research and co-director of the Center for Real Estate at the University of Memphis, delivered in December at the Urban Land Institute’s Real Estate Outlook for the Mid-South.

78. Shelby Co. Mortgages Fall 8 Pct. -

It’s still very much a buyer’s market for prospective homebuyers in Shelby County – there’s just not enough of those buyers.

Banks and mortgage lenders made 6,866 purchase mortgages in Shelby County during 2011. That total for the year was down 8 percent from the 7,491 mortgages during 2010, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com. (Data for this report included purchase mortgages only, not refinances.)

79. Key Storylines Emerge in 2011 Banking -

Much of the news that came out of the local banking and financial services sectors in 2011 fell into one of three buckets.

No new fees, please.

Smaller names are doing bigger business.

And, two heads are better than one.

80. Valero Awarded 15-Year Tax Freeze -

A local economic development agency granted a 15-year tax freeze to Valero Energy Corp. in return for the company spending more than $298 million in planned investments and upgrades at the Memphis refinery.

81. Valero Wins 15-Year Tax Freeze -

A local economic development agency granted a 15-year tax freeze to Valero Energy Corp. in return for the company spending more than $298 million in planned investments and upgrades at the Memphis refinery.

82. IDB Electrolux Committee to Meet Thursday -

The Memphis-Shelby County Industrial Development Board will hold an Electrolux committee meeting Thursday, Dec. 22.

The meeting will be at 7:30 a.m. in the SunTrust Bank building, 999 Shady Grove Road, suite 208.

83. Metropolitan Expands Into Nashville -

Metropolitan Bank has solidified its long-planned foray into Nashville with the announcement of its first office location in the city and the hiring of a senior managing director for the Nashville area.

84. E.W. Scripps Borrows $300M to Finance TV Group Purchase -

The E.W. Scripps Co., owner of the Memphis Commercial Appeal and the Knoxville News Sentinel, said Tuesday it has entered into a new $300 million revolving credit and term loan agreement with SunTrust Bank.

85. Pizza Eatery Expands Into Southaven -

A husband and wife team from Hernando is expanding its pizzeria business into Southaven.

David J. and Melissa A. Pippin, owners of Three Guys Pizza Pies, have signed a 3,050-square-foot lease in the Shops of DeSoto Center, 1046 Church Road.

86. Heart of Memphis -

The day before Tennessee Gov. Bill Haslam was the keynote speaker this summer at the Downtown Memphis Commission’s 2011 Annual Luncheon, he went for a jog in Nashville wearing his “Believe Memphis” Grizzlies T-shirt.

87. Lightman Entity Buys Sanderlin Centre -

5101 Sanderlin Ave.
Memphis, TN 38117
Sale Amount: $5.3 million

Sale Date: Nov. 1, 2011

88. Banks Scramble to Make Up for Lost Debit Card Fees -

NEW YORK (AP) – After an intense public backlash, Bank of America and other banks have backed off charging monthly debit card fees.

It's a victory for angry customers and consumer advocates. But the move will be costly for banks. They are scrambling for ideas on how to make up for lost revenue at a time when interest rates are at rock bottom and there's little demand for loans, the traditional source of making profits for banks.

89. Sanderlin Centre Sells for $5.3M to Lightman Entity -

An entity composed of Michael A. Lightman Sr. and family members has bought Sanderlin Centre retail property at 5101 Sanderlin Ave. for $5.3 million.

90. Lightman Entity Buys Sanderlin Centre for $5.3M -

An entity composed of Michael A. Lightman Sr. and family members has bought Sanderlin Centre retail property at 5101 Sanderlin Ave. for $5.3 million.

91. MasterCard Q3 Profit Up 38 Pct as Card Use Rises -

NEW YORK (AP) – MasterCard Inc. said Wednesday its third-quarter profit soared 38 percent on a big spike in card use around the world.

92. First Tennessee Bank Eliminates Debit Fees -

Memphis-based First Tennessee Bank is the latest bank to back off new debit card fees.

First Tennessee joins Bank of America, SunTrust Banks Inc., Regions Financial and others that within the last few days all have dropped plans to implement unpopular new fees for debit card users.

93. SunTrust to Reverse $5 Monthly Debit Fee -

SunTrust Banks Inc. says it will stop charging a $5-per-month fee for using debit cards and return the fees it’s collected since June to its customers.

94. Bartlett Storage Facility Sells for $3 Million -

Olive Branch-based Memphis Storage VI LP has bought a self-storage facility at 8036 U.S. 70 from James C. Hise Jr. and Brenda L. Hise for $3 million. The transaction closed Oct. 25. It was financed by a $2.2 million loan through SunTrust Bank that was filed the same day and matures in November 2016.

95. Lawmakers Seek Probe on Banks' New Debit Card Fees -

WASHINGTON (AP) – Democratic lawmakers are asking the Justice Department to investigate whether Bank of America and other major banks improperly worked together to charge customers new monthly fees for using their debit cards.

96. Two Tenants Join Ridgeway Center -

Boyle Investment Co. has inked a pair of new office leases at 999 S. Shady Grove Road in Ridgeway Center, building on its longevity with two local companies.

97. Community Banks Resist Fees For Debit Cards -

Community banks have always possessed a certain charm among American financial institutions, one embodied by personal touches, friendly service and fewer headaches and hassles than their bigger brethren.

98. Boyle Adds 2 Tenants to Ridgeway Center -

Boyle Investment Co. has inked a pair of new office leases at 999 S. Shady Grove Road in Ridgeway Center, building on its longevity with two local companies.

99. First Tennessee Joins Debit Card Fee Trend -

When officials with the parent company of First Tennessee Bank walked through the company’s second quarter earnings in July for analysts, they noted that the implementation of stricter rules governing debit card fees would mean an annual $15 million to $20 million hit to the company’s revenue.

100. Bank of America to Charge $5 Debit Card Fee -

NEW YORK (AP) – Bank of America plans to start charging customers a $5 monthly fee for using their debit card to make purchases. The fee will be rolled out starting early next year.

A number of banks have already either rolled out or are testing such fees. But Bank of America's announcement carries added weight because it is the largest U.S. bank by deposits.