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Editorial Results (free)

1. 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.

2. Cohen Goes On Offense In Wilkins Challenge -

For weeks, U.S. Rep. Steve Cohen and Ricky Wilkins, his challenger in the Aug. 7 Democratic Congressional primary have been talking about each other without necessarily directly talking about each other or doing so at length

3. Knowledge Tree Buys Cordova Retail Center -

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

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

4. Lamar Gas Station, Store Sell for $850,000 -

The Best Corner Express BP gas station and convenience store at 3015 Lamar Ave. in the Defense Depot area has sold for $850,000.

5. County Commission Continues Prekindergarten Debate -

Shelby County Commissioners pick up Monday, July 21, where they left off earlier in the month about a way to fund prekindergarten programs.

The commission faces dueling resolutions, with one setting up further study on an expansion, and the other dedicating $3 million in surplus funds from the just-ended fiscal year and the first $3 million of any surplus from the current fiscal year to Shelby County Schools and the suburban school systems.

6. Asics America to Expand Byhalia Footprint -

Asics is expanding its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park area by 342,144 square feet.

The expansion comes on the heels of a 513,000-square-foot build-to-suit completed in 2010, and now will consolidate the footwear distribution center with the apparel distribution center, which was previously located in Southaven. Asics hopes to improve its overall efficiency by combining the two components under one roof, which will total 855,144 square feet.

7. From Despair to Belief -

A July weekday afternoon, about 2:45. It’s the perfect time for just about anyone to be nodding off in class.

But in the basement of Midtown Church of Christ, where HopeWorks Inc. is housed, class is in session and a dozen men and their teacher are having a lively discussion.

8. 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.

9. Locally Grown Foods Look to Bigger Business -

PHILADELPHIA (AP) – Once a niche business, locally grown foods aren't just for farmers markets anymore.

A growing network of companies and organizations is delivering food directly from local farms to major institutions like Thomas Jefferson University Hospital in downtown Philadelphia, eliminating scores of middlemen from farm to fork. Along the way, they're increasing profits and recognition for smaller farms and bringing consumers healthier, fresher foods.

10. Thoughts for 30-Somethings -

Ray’s take: You spent your 20s setting up your life – developing some marketable skills, getting a career started, (hopefully) creating a budget, and learning to live with it.

11. France Investigating Package Delivery Companies -

PARIS (AP) – Three of the world's leading package delivery businesses are being investigated by France's competition watchdog, and may face fines.

U.S.-based FedEx Corp., TNT Express NV from the Netherlands and Britain's Royal Mail PLC are all under investigation for unidentified malpractices.

12. Johnson Returns to Different Schools Reality -

When Carol Johnson left as superintendent of Memphis City Schools at about this time in 2007, the system was struggling with Bush-era No Child Left Behind standards and making progress at some schools.

13. Tennessee Road Projects Could Face Cuts in August -

FRANKLIN, Tenn. (AP) – Tennessee has funding for 13 road-widening projects totaling more than $200 million, including a $15.6 million Shelby County project, waiting on whether Congress refreshes the federal Highway Trust Fund in August.

14. Haslam-Owned Truck-Stop Chain Won't Be Charged -

NASHVILLE (AP) – The truck-stop company owned by Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam may have put the worst behind it after federal attorneys agreed not to prosecute Pilot Flying J for cheating customers.

15. SEC Media Days Notebook: July 14 -

Editor’s note: Reporter Don Wade is in Hoover, Ala., for SEC Football Media Days. Check The Daily News Online, www.memphisdailynews.com, each afternoon this week for the latest news and notes.

16. Haslam-Owned Truck-Stop Chain to Pay $92 Million Fine -

NASHVILLE (AP) – Authorities say the truck-stop company owned by Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam has agreed to pay $92 million in fines for cheating customers out of promised rebates and discounts.

17. Asics America to Expand Byhalia Footprint -

Asics is expanding its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park area by 342,144 square feet.

The expansion comes on the heels of a 513,000-square-foot build-to-suit completed in 2010, and now will consolidate the footwear distribution center with the apparel distribution center, which was previously located in Southaven. Asics hopes to improve its overall efficiency by combining the two components under one roof, which will total 855,144 square feet.

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

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

19. Primacy Parkway Office Building Sells for $7 Million -

6060 Primacy Parkway
Memphis, TN 38119
Sale Amount: $6.9 million

Sale Date: June 27, 2014
Buyer: LSREF2 Newton LLC
Seller: Hub Properties Trust
Details: The 130,593-square-foot office building at 6060 Primacy Parkway in East Memphis has sold for $6.9 million.

20. Greenbrook Apartments Sell for $46.5 Million -

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

21. Shelby County Mortgage Market Sees Modest Gain -

Shelby County mortgage lenders share a few common trends at the moment, as the area’s mortgage market begins to shake off the wintry chill of the first quarter.

Many of them report robust purchase mortgage activity, as refinances plummet to small fractions of their business. As a result of the demand, many of those lenders also have been adding mortgage officers to their ranks and plan to continue doing so.

22. Asics America Expanding in Byhalia -

Asics America Corp. is expanding its footprint in Byhalia, Miss.

The company is adding 342,144 square feet to its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park.

23. Company Buys 30 Acres Of Land for $1.3 Million -

An affiliate of Lakeland-based real estate company WESSCORP Communities has paid $1.3 million for about 30 acres of vacant land in Northeast Memphis near Arlington.

The entity known as The Charleston HL Apartment Community LLC bought the two parcels – one totaling 29.6 acres and one totaling 0.1 acres – in a June 30 special warranty deed from First Alliance Bank.

24. Changing Landscape -

It’s been confusing from a distance.

The formal groundbreaking for Shelby Farms Park’s $70 million “Heart of the Park” improvements, including an expansion of Patriot Lake, came the same week last month the Memphis City Council voted to delay for one year the city’s portion of funding for the Shelby Farms Parkway.

25. Primacy Parkway Office Building Sells for $7 Million -

The 130,593-square-foot office building at 6060 Primacy Parkway in East Memphis has sold for $6.9 million.

26. We’re All Invited -

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

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

27. After the Flood -

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

28. Chamber Launches Young Professionals Group -

Before a concert gets underway, musicians will run through a soundcheck that serves as a kind of warm-up to the main event, during which participants can make suggestions for tweaks before the big show and can make sure that everything is done that needs to be.

29. Priscilla Presley Tells Upset Fans to 'Calm Down' -

MEMPHIS (AP) – Priscilla Presley is asking fans of her late ex-husband Elvis Presley to "please calm down" after a report that two jets once owned by the singer could be removed from Graceland.

30. Six Poplar View Office Park Buildings Sell for $1.5 Million -

Six buildings in Collierville’s Poplar View Office Park have sold for $1.5 million.

Poplar View Offices LLC, which lists a Collierville address, purchased the buildings in the Class B office park from Pro Memphis LLC in a June 16 warranty deed. In conjunction with the purchase, the buyer filed six trust deeds totaling $1.2 million through Bank of Bartlett.

31. Top 10 Email Marketing Best Practices -

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

32. Malone Center Owner Files $4.1 Million Loan -

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

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

33. Addison at Collierville Owner Files $17 Million Loan -

400 Orchard Circle
Collierville, TN 38017
Loan Amount: $16.8 million

Loan Date: July 1, 2014
Maturity Date: July 1, 2021
Borrower: G&I VII Addison at Collierville LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 226-unit Addison at Collierville apartments at 400 Orchard Circle W. has filed a $16.8 million loan on the property.

34. Addison at Collierville Owner Files $17 Million Loan -

The owner of the 226-unit Addison at Collierville apartments at 400 Orchard Circle W. has filed a $16.8 million loan on the property.

35. Mobile Services Increasingly Expected of Banks -

The mobile race is on among Memphis financial institutions, with banks rolling out apps that allow banking on the go and a full range of capabilities that translate the brick-and-mortar banking experience to small digital screens.

36. Highway Crisis Looms as Soon as August, US Warns -

WASHINGTON (AP) – Gridlock in Washington will lead to gridlock across the country if lawmakers can't quickly agree on how to pay for highway and transit programs, President Barack Obama and his top officials warned Tuesday.

37. Cypress Realty Files $7 Million Construction Loan -

Cypress Realty Holdings Co. has filed a $7 million construction loan for a medical office building on Wolf River Boulevard in Germantown.

38. 10 Deadly Sins of Email Marketing -

Part one in a two-part series. Data released last year by a research firm called Return Path cites that the average individual receives more than 400 commercial emails per month – emails from businesses selling products and services versus email from colleagues, friends or family.

39. Health Choice Selects Abisch to Lead Population Health Services -

Ellen Abisch has joined Health Choice LLC as senior director of population health services. In the newly created position, Abisch will be responsible for designing, implementing and managing population health and wellness programs for the Health Choice network.
Prior to joining the physician hospital organization, she served as manager of benefits and wellness for ServiceMaster.

40. Charlotte Firm Buys Mendenhall Warehouse -

4517 S. Mendenhall Road
Memphis, TN 38141
Sale Amount: $1.4 million

Sale Date: June 24, 2014
Buyer: TKC CLXXIX LLC
Seller: Tenn Thom Realty LLC
Loan Amount: $1.1 million
Loan Date: June 24, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of Charlotte, N.C.-based real estate development firm The Keith Corp. has paid $1.4 million for the 14,650-square-foot warehouse at 4517 S. Mendenhall Road in Hickory Hill.

41. Veterans Town Hall Mirrors Washington Frustration -

Depending on how you look at it, a group of 300 frustrated local veterans last week either got a look at the “corrosive” culture of the Department of Veterans Affairs or a look at change in progress.

42. Baker’s Career Mirrored State’s Political Story -

As the week begins, political leaders of both parties and across several generations will gather in East Tennessee for the funeral of former U.S. Sen. Howard Baker.

43. Charlotte Firm Buys Mendenhall Warehouse -

An affiliate of Charlotte, N.C.-based real estate development firm The Keith Corp. has paid $1.4 million for the 14,650-square-foot warehouse at 4517 S. Mendenhall Road in Hickory Hill.

44. The View From Nashville -

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

45. Builder Files Construction Loan for Cambridge Manor -

Oakland-based homebuilder Creekside Homes LLC has filed a $1.2 million construction loan on five lots in the Cambridge Manor Planned Development in Arlington.

46. 9 Steps to Build Prospect Trust -

Buyers want to trust the salesperson they’re buying from before they part with their hard-earned money. That’s why building trust is a minimum cost of entry in the sales profession. If your prospects don’t trust you, you’ll always be working much harder than is necessary.

47. New Nonprofit Charts Role in Blight Fight -

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

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

48. Iberiabank Files Permit for Union Avenue Branch -

Iberiabank has filed a $1 million building permit application for a new bank branch at 1296 Union Ave. in Midtown.

49. Accountability and Trust: Keys to Partnership -

Part two of a three-part series. Are you considering a private/public partnership to advance the work of your nonprofit? Learn from those who have already waded into the waters.

Cathy Davis, executive director of Bayview Hunters Point Multipurpose Senior Services, Inc. (BHPMSS) in California is a leader with experience.

50. 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.

51. Legacy Farm Owner Files $29.8 Million Loan -

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.

52. Evolve Bank Adds Compliance Officer -

Evolve Bank & Trust has added a new name to its compliance department.

Janet Hendrix is a new officer in the department, bringing 25 years of banking and compliance experience with her. In a statement about Hendrix’s addition to the company, Evolve President and CEO Scott Stafford said her expertise will be vital to Evolve as it continues to grow and expand.

53. BankTennessee Adds Commercial Lender -

Jay Crews has joined BankTennessee as a vice president and commercial lender.

According to BankTennessee President and CEO Jim Rout, Crews has 25 years of experience as a national bank examiner and in lending and management roles for regional and national banks.

54. Westbrook Crossing Owner Files $22 Million Loan -

The owner of the Westbrook Crossing apartments at 525 Shea Road in Collierville has filed a $22 million loan on the property.

55. BankTennessee Adds Commercial Lender -

Jay Crews has joined BankTennessee as a vice president and commercial lender.

According to BankTennessee President and CEO Jim Rout, Crews has 25 years of experience as a national bank examiner and in lending and management roles for regional and national banks.

56. 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.

57. Tech Giants Seek to Halt Overseas Snooping by US -

NEW YORK (AP) – Microsoft Corp. and four other large American technology companies are using a Manhattan court case to draw a line in the cloud, saying the U.S. government has no right to seize computer data stored outside the country.

58. Somerset Apartments Sell for $2.5 Million -

An entity called Memphis Winset LLC has paid $2.5 million for the 496-unit Somerset Park Apartment Homes in Oakhaven.

59. Creating a Nonprofit Private-Public Partnership -

Part one of a three-part series. Private-public partnerships are promoted as a collaborative way to bring people and resources together across sectors.

A recent example is the development of senior housing in San Francisco, California’s Bayview Hunters Point community. We are proud to be affiliated with this project and have witnessed the many twists and turns it has taken over the years. We asked Cathy Davis, executive director of the Bayview Hunters Point Multipurpose Senior Services Inc. (BHPMSS), to share specifics of her partnership so you imagine what a partnership could look like for your organization or institution. Her story is specific to her community; your story will be specific to Memphis.

60. Aren Investments Buys Winchester Haverty’s -

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

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

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

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

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

62. Evolve Bank Adds Compliance Officer -

Evolve Bank & Trust has added a new name to its compliance department.

Janet Hendrix is a new officer in the department, bringing 25 years of banking and compliance experience with her. In a statement about Hendrix’s addition to the company, Evolve President and CEO Scott Stafford said her expertise will be vital to Evolve as it continues to grow and expand.

63. Aren Investments Buys Winchester Haverty’s -

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

64. Good Medicine for the Soul -

It was one of those medication one-upmanships at a recent meeting when some attendees were discussing the number of medications they were taking to address a plethora of medical conditions.

Needed as the medications were, it seemed like a lot of information, side effects and drug interactions to manage, not to mention vitamins, herbal remedies and over-the-counter medicine. Seeing different specialists for different conditions and inconsistent communication seems to be a growing concern, a gap in patient care, particularly for those who do not have the knowledge or resources to manage their medication.

65. Lehman-Roberts’ Longevity Paved by Family Ownership -

Lehman-Roberts Co. is a highway paving contractor that president Patrick Nelson regards with the kind of pride that might at first seem out of place for work that involves asphalt and roadwork.

66. Questions Raised About 100 N. Main Developer -

.

Clarification: The article in the June 16 issue of The Memphis Daily News about 100 N. Main developer Isaac Thomas contains facts from a judge’s opinion rendered after a civil judgment – not a criminal case – in Connecticut that held Thomas liable for an investor's $80,000 loss in a real estate venture. After a civil trial, Thomas was found liable under the Connecticut Unfair Trade Practices Act and was ordered to pay $160,000 plus attorney fees and costs. While he was also found liable for conversion, unjust enrichment and breach of fiduciary duty, no additional damages were awarded for those claims. Thomas was not criminally charged.

67. Company Files Loan on Germantown Location -

The owner of the 26,640-square-foot Germantown Fresh Market and attached strip retail center at 9375 Poplar Ave has filed a $4.2 million loan on the property.

68. 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.

69. Shops of Wolflake Sells for $3.8 Million -

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

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

70. Collierville Warehouse Sells for $1.3 Million -

Foundation Properties LLC has paid $1.3 million for the 124,940-square-foot industrial property at 141 Eastley St. in Collierville.

71. Floyd Part of Relationship-Driven Team at Magna -

Banks may tout with increasing frequency their facility with the array of digital tools available today, but there is a downside to that trend as financial institutions race to catch up with their more mobile-oriented customers.

72. Collierville Napa Store Sells for $1.1 Million -

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

73. Perkins Hotel Sells After Foreclosure -

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

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

74. Reaching People -

The crowds that each week turn out for Thursdays Squared, the new entertainment event in Overton Square’s Tower Courtyard, are a testament to interest in the square and to its resurgence as an entertainment hotspot.

75. Shinseki Resigns Amid Veterans' Health Care Issues -

WASHINGTON (AP) – Veterans Affairs Secretary Eric Shinseki apologized in public and then resigned in the privacy of the White House on Friday, driven from office by a mushrooming scandal over the agency's health care system that serves millions of the nation's former warriors.

76. Argent Financial Adds Brundick in Memphis -

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

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

77. Evolve Bank & Trust Adds Mobile App -

Evolve Bank & Trust has added mobile banking services.

The bank’s free app is now available for iOS devices via the App Store and for Android devices via the Google Play store.

78. Change on Tap for Many Local Public Companies -

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

79. New Path -

A lot has changed for Memphis-based TruGreen lawn care in the last six months.

The company behind one of the best known brands in lawn care became its own independent company at the start of 2014, spinning off from The ServiceMaster Co. in a move that meant changes for both companies.

80. Evolve Bank & Trust Adds Mobile App -

Evolve Bank & Trust has added mobile banking services.

The bank’s free app is now available for iOS devices via the App Store and for Android devices via the Google Play store.

81. Titan Medical Buys Bartlett Warehouse -

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

82. Google to Build Prototype of Truly Driverless Car -

LOS ANGELES (AP) – Google plans to build and launch onto city streets a small fleet of subcompact cars that could operate without a person at the wheel.

Actually, the cars wouldn't even have a wheel. Or gas and brake pedals. The company says the vehicles will use sensors and computing power, with no human needed.

83. Peppertree Apartments Owner Files $3 Million Loan -

The owner of the 306-unit Peppertree Apartments at 4243 Graceland Drive in Whitehaven has filed a $3.2 million loan on the property.

84. Commercial Bank Given Industry Distinction -

Community bank risk management firm Seifried & Brew LLC has named Commercial Bank & Trust Co. in its 2013 top 15th percentile of community banks.

85. Argent Financial Adds Brundick in Memphis -

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

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

86. Shelby Farms Files $25 Million Permit for Lake Expansion -

500 Pine Lake
Memphis, TN 38134
Permit Cost: $25 million

Project Cost: $52 million
Permit Date: Applied May 2014
Completion: June 2016
Owner: Shelby Farms Park Conservancy
Tenant: Shelby Farms Park Conservancy
Architect: james corner field operations
Contractor: Montgomery Martin Contractors LLC
Details: The Shelby Farms Park Conservancy has filed a $25 million permit with the city-county Office of Construction Code Enforcement to expand Patriot Lake.

87. Selling Memphis -

Not too long ago, Dudley Boyd, president and CEO of National Bankers Trust, entered a conference room at the Greater Memphis Chamber’s office at the Falls Building Downtown.

88. Fieldstone Apartments Pays $1.8 Million for Land -

Fieldstone Apartments III LLC – an affiliate of Michael Lightman Realty Co. – has paid $1.8 million for land near its Southeast Memphis property.

89. Von Drehle Files Loan on Hickory Hill Facility -

Towel and tissue producer von Drehle Corp. has filed a $2.2 million loan on its industrial facility at 4826 Hickory Hill Road.

90. Antitrust Experts: 2 Big Deals Better Than 1 -

LOS ANGELES (AP) – Antitrust experts say AT&T's bid for DirecTV could reap immediate regulatory rewards. Coming so quickly on the heels of a rival cable company merger – the pairing of Comcast and Time Warner Cable – makes it easier for regulators to approve both transactions because they create two counterbalanced giants in pay TV.

91. Warehouse Owner Files $1.1 Million Loan on Property -

The owner of the 117,300-square-foot warehouse at 4242 B.F. Goodrich Blvd. in Oakhaven has filed a $1.1 million loan on the property.

Riveredge Co. Inc., which lists a Bartlett address, filed the deed of trust April 16 through Peoples Bank of Clifton, Tenn.

92. Ridge Lake Building Sold After Foreclosure -

756 Ridge Lake Blvd.
Memphis, TN 38120
Sale Amount: $2.9 million

Sale Date: May 8, 2014
Buyer: Life Insurance Co. of the Southwest
Seller: Brooks R. Smith, successor trustee
Details: The 38,472-square-foot Ridge Lake Office Building at 756 Ridge Lake Blvd. in East Memphis has sold back to the lender for $2.9 million following a foreclosure.

93. Commercial Bank & Trust Wins Industry Distinction -

Community bank risk management firm Seifried & Brew LLC has named Commercial Bank & Trust Co. in its 2013 top 15th percentile of community banks.

94. Construction Loan Filed for Kirby Whitten Land -

The owner of a 4.5-acre vacant parcel on Kirby Whitten Road has filed an $8 million construction loan for the Bartlett site.

Vancouver, Wash.-based Bartlett Care Group LLC filed the construction deed of trust with absolute assignment of rents and leases, security agreement and fixture filing financing statement May 7 through Wells Fargo Bank NA.

95. Bright Joins Evolve Bank Board of Directors -

Memphis attorney Al Bright Jr. has joined the board of Evolve Bank & Trust.

Bright is a law partner in the Memphis office of Waller Lansden Dortch & Davis LLP, where he practices business law. He’s also the chairman of the board for the Economic Development Growth Engine for Memphis and Shelby County, and its related entities.

96. Senate Panel Approves 6-Year Highway Bill -

WASHINGTON (AP) – A Senate panel on Thursday approved a bill to keep federal highway programs going for the next six years, but it remained unclear whether Congress would act in time to prevent a disruption in transportation aid to states this summer.

97. Bright Joins Evolve Bank Board of Directors -

Memphis attorney Al Bright Jr. has joined the board of Evolve Bank & Trust.

Bright is a law partner in the Memphis office of Waller Lansden Dortch & Davis LLP, where he practices business law. He’s also the chairman of the board for the Economic Development Growth Engine for Memphis and Shelby County, and its related entities.

98. Germantown Schools Joins Shared Services Pact -

When the Germantown Municipal Schools board voted May 5 to not participate in three shared services agreements with the other five suburban school systems, it “strained” the school system’s relationship with the other five, Germantown Schools superintendent Jason Manuel told the board Wednesday, May 14.

99. Trustmark Regional President Reflects on Future -

When yours is a bank that’s traditionally had a suburban footprint, moving inside the Interstate 240 loop to open a new regional headquarters is the kind of thing that makes a statement.

Trustmark’s newly opened regional headquarters, at 5350 Poplar Ave. in East Memphis, was an attempt to do just that. It came after Gene Henson, the bank’s Memphis region president, had been hunting for such a space for years – for pretty much the entirety of his time in Memphis, actually.

100. Ridge Lake Building Sold After Foreclosure -

The 38,472-square-foot Ridge Lake Office Building at 756 Ridge Lake Blvd. in East Memphis has sold back to the lender for $2.9 million following a foreclosure.