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Editorial Results (free)

1. Trustmark Corp. Reports Second-Quarter Profit -

Trustmark Corp., the parent company of Trustmark Bank, has reported a second-quarter profit of $30.6 million, which represents diluted earnings per share of 45 cents.

2. Social Security Disability Fund Projected to Run Dry in 2016 -

WASHINGTON (AP) — The 11 million people who receive Social Security disability face steep benefit cuts next year — unless Congress acts, the government said Wednesday.

The trustees that oversee Social Security said the disability trust fund will run out of money in late 2016, right in the middle of a presidential campaign. That would trigger an automatic 19 percent cut in benefits.

3. Ikea Buys Cordova Acreage For Planned Memphis Store -

41 Acres for
Future Ikea Store

Sale Amount: $5.7 million

Sale Date: July 10, 2015

Buyer: IKEA Property Inc.

4. Cordova Apartments Fetch $17.5 Million -

The Houston Levee Apartments community in Cordova has been sold for $17.5 million.

MA Houston Levee at Cordova LLC, which is affiliated with Mount Auburn Capital Group, acquired the 289-unit apartment complex at 9940 Paddle Wheel Drive in Cordova from USA Houston Levee DST, according to a July 9 warranty deed. The buyer filed a $13.4 million loan with Silverspeak Real Estate Finance LLC in conjunction with the purchase, according to a deed of trust filed the same day.

5. Beware of Potential Buyers at Your Door -

It’s a little early for Halloween, but that’s not stopping adults dressed as real estate professionals from knocking on doors and looking for handouts.

But these little ghouls aren’t asking for candy. They’re looking for a big payday – as opposed to a Payday – and to take advantage of potential sellers in this robust market.

6. REIT Buys Sears Properties in Sale-Leaseback -

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

7. Nineteenth Century Club Owner Files Building Permit -

The owner of the Nineteenth Century Club is prepared to launch a renovation of the historic building on Union Avenue.

Union Group LLC has applied for a $2.17 million building permit with the city-county Office of Construction Code Enforcement to proceed with renovations to turn the home at 1433 Union Ave. into a restaurant. Archer Custom Builders is listed as the contractor on the permit.

8. Shoppers Disappointed in Much-Hyped Amazon 'Prime Day' Sales -

NASHVILLE, Tenn. (AP) – Amazon aimed for Christmas in July with its much-hyped "Prime Day" sale. But some shoppers found a lump of coal instead.

The online retailer said Prime Day would offer bigger sales than those during the winter holiday shopping season. The goal was to boost $99 annual Prime loyalty program memberships during the sluggish summer months. The sale gained so much attention, other retailers, including Wal-Mart, Target, Macy's and Best Buy, had sales of their own.

9. Owner Files Building Permit For Nineteenth Century Club -

The owner of the Nineteenth Century Club is prepared to launch a renovation of the historic building on Union Avenue.

Union Group LLC has applied for a $2.17 million building permit with the city-county Office of Construction Code Enforcement to proceed with renovations to turn the home at 1433 Union Ave. into a restaurant. Archer Custom Builders is listed as the contractor on the permit.

10. Life Events and Your Financial Plan -

Ray’s take: The Greek philosopher Heraclitus said, “Nothing endures but change.”

When it comes to creating a financial plan, there’s always room for change. There are major events that occur in life that will require a review of, and revision to, your existing financial plan.

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

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

12. Carpenter: Police Internal Affairs Records Should Be Open -

When advocates of a beefed-up Civilian Law Enforcement Review Board for Memphis called for police internal affairs to open its records of misconduct investigations to the review board, it wasn’t a new idea.

13. Justice Department: Food Companies Risk Prosecution for Outbreaks -

WASHINGTON (AP) – Following a deadly listeria outbreak in ice cream, the Justice Department is warning food companies that they could face criminal and civil penalties if they poison their customers.

14. Gasol Back in Fold, Grizzlies Still In Thick of Tough Western Conference -

There were a few mildly uneasy days between the arrival of Grizzlies controlling owner Robert Pera in Spain and the news that, yes, All-Star center Marc Gasol would indeed re-sign with the team. And not just for a short-term deal, but a five-year max contract (about $113 million) with a player option after the fourth year.

15. Building Blocks of Estate Planning -

Ray’s take: Estate planning is one of the most important steps any person can take to ensure their final property and health care wishes are honored when the time comes. You may not be able to take it with you, but you can have a say about where it goes.

16. Civilian Review Board Debate Flares Before Council Delay -

After years of give and take, negotiations over legal terms and the rise of police misconduct as a national issue, it appeared the Memphis City Council was ready Tuesday, July 7, to take a final vote on new rules for the long-dormant Civilian Law Enforcement Review Board.

17. NYSE Resumes Trading After Outage of More Than 3 Hours -

NEW YORK (AP) – Trading has resumed on the New York Stock Exchange after an outage of more than three hours caused by technical problems.

There was no interruption at the dozens of other U.S. stock exchanges Wednesday, including the Nasdaq, so investors were still able to buy and sell stocks easily.

18. How to Ask the Tough Questions -

The world’s best salespeople excel at asking engaging questions and actively listening to a prospect’s response without interruption. They master the art of posing high-impact questions that generate insightful responses, which offer a glimpse into a prospect’s decision-making process, competitors also under consideration, the likelihood of purchase, or even the factors that will be weighed most heavily by decision makers.

19. Ikea Seeks $16 Million Permit For First Memphis Store -

Future Ikea Store
On 42 Acres In Cordova
Permit Cost: $16 million

Application Date: July 2015
Owner/Tenant: Ikea
Details: Ikea is moving forward with its massive retail store in Cordova.

20. Nineteenth Century Club Owners Secure Loan -

The owners of the Nineteenth Century Club in Midtown have secured a $2.35 million construction loan to begin transforming the historic home at 1433 Union Ave. in Midtown into a restaurant.

21. Trade Schools Have to Find Grads Jobs, or Lose Financial Aid -

WASHINGTON (AP) – Exotic dancers hired as admissions counselors. Recruiters told to seek out "impatient" individuals who have "few people in their lives who care about them." Military personnel still recovering from brain damage told to sign on the dotted line.

22. Memphis Symphony Eyes Move to Midtown -

Memphis Symphony Orchestra president and CEO Roland Valliere is not shy when it comes to talking about the future of the organization.

After all, it wasn't that long ago that the symphony made the painful acknowledgement that its finances were in dire straits, that it needed support from patrons and the public more than ever and that its future was far from guaranteed.

23. US Court Agrees Apple Violated Antitrust Law in E-Book Entry -

NEW YORK (AP) – Apple violated antitrust laws by colluding with publishers to raise electronic book prices when it entered a market in 2010 that had been dominated by Amazon.com, a divided federal appeals court panel said Tuesday.

24. Nineteenth Century Club Owners Secure Loan -

The owners of the Nineteenth Century Club in Midtown have secured a $2.35 million construction loan to begin transforming the historic home at 1433 Union Ave. in Midtown into a restaurant.

25. Mark Mosteller Joins Evolve Bank & Trust -

Mark E. Mosteller Sr. recently joined Evolve Bank & Trust as executive vice president, accounting and finance.
The new role includes a variety of responsibilities, including management of the accounting and finance department team, accounting internal controls, internal and external financial reporting, budgeting and forecasting, taxes and treasury management. Mosteller also works with senior and executive management and the board on accounting, finance and operational issues.

26. Jason Eagle to Lead MIFA’s Advancement Department -

Jason Eagle has been appointed vice president of advancement for MIFA. Eagle will oversee the vision and execution of engaging the Memphis community to advance the nonprofit organization’s mission. He will lead a team to increase and enrich public awareness, volunteerism, outreach and stewardship to meet annual and long-term fundraising goals.

27. Knoxville’s Amazing Network of Trails, Parks and Waterways -

With the Great Smoky Mountains looming in the distance, and no shortage of ball fields and other outdoor recreation sites closer at hand, Knoxville and its surrounding communities don’t lack for recreational opportunities.

28. Dog Daycare Bringing New Life to East Memphis Retail Center -

A new doggy daycare and camp is coming to East Memphis.

Becky and Tim Simcoe have leased 8,875 square feet at the Balmoral Shopping Center at Quince Road and Ridgeway Road in East Memphis to open a Camp Bow Wow franchise.

29. 100 N. Main Keeps Power On for Another Month -

The head of the Downtown Memphis Commission says the skyscraper at 100 N. Main St. suffers from “weak” ownership and that the building would probably be better off with a new, deep-pocketed owner.

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

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

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

31. Jason Eagle to Lead MIFA’s Advancement Department -

Jason Eagle has been appointed vice president of advancement for MIFA. Eagle will oversee the vision and execution of engaging the Memphis community to advance the nonprofit organization’s mission. He will lead a team to increase and enrich public awareness, volunteerism, outreach and stewardship to meet annual and long-term fundraising goals.

32. Developer Arranging Financing for 100 North Main -

The owner of the skyscraper at 100 N. Main St. is closing in on a financing package to redevelop the building and will pay his utility bill as soon as the deal is complete, according to a review of public records.

33. Climate Change as Faith Issue a Tough Sell -

It’s been a tough few years for Tennessee Interfaith Power and Light. The state affiliate of a national network of faith communities, the organization offers its members a spiritual way to respond to climate change issues and challenges from political and other sources.

34. The Irish in Us -

BOOM. HERE’S TO THE IRISH. Recently, Ireland became the first country in the world to legalize same-sex marriage by popular vote. Ireland. Stereotypically, a country where conservative is a matter of degree not choice, where killing each other over religion isn’t current news but DNA, where progress is measured in pints.

35. Fed Sees Stronger Economy, Leaves Key Rate at Record Low -

WASHINGTON (AP) – The U.S. economy has strengthened since a slump early this year, the Federal Reserve said Wednesday, but it wants to see further gains in the job market and higher inflation before raising interest rates from record lows.

36. Local Investment Group Files $11.4 Million Loan -

Radiant Group of Properties LLC filed an $11.4 million loan with BancorpSouth Bank on June 14 for 14 of its retail properties around Memphis and Shelby County.

37. Hickory Hill Retirement Home Sells for $1.2 Million -

FLH Assisted Living Residences LP, a Tennessee limited partnership based in Collierville, purchased the Franklin Park retirement home located at 3393 Kirby Road in Hickory Hill on June 11 for $1.2 million.

38. Memphis City Council’s Distrust of Wharton Boils to Surface -

If it wasn’t obvious in five previous budget seasons, Memphis City Council members made the point clearer Tuesday, June 16, just before they delayed final city budget votes for another week.

They don’t trust the numbers and explanations they are getting from Memphis Mayor A C Wharton Jr. as they try to rearrange his $656.5 million budget that was proposed in April.

39. Sam’s Hamburgers in 100 N. Main Could Be Forced to Close -

Amjad “AJ” Odeh moved to Memphis in 1996 to partner with Osama Eltaych at the old Sam’s Hamburgers & More that was operating at 16 S. Front St.

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

5050 E. Holmes Road and 0 Lamar Ave.
Memphis, TN 38118
Sale Amount: $17.7 million

41. Memphis' Tallest Building Faces June 24 Utility Cutoff -

The owner of the skyscraper at 100 N. Main St., the city’s tallest office building, has two weeks to pay the delinquent balance on the Memphis Light, Gas and Water Division bill before utilities will be disconnected, a move that would catch a popular Downtown restaurant in the crossfire, according to a an executive at the publicly owned utility.

42. MAA Outgrowing Its East Memphis Headquarters -

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

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

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

8199 Poplar Ave.
Germantown, TN 38138

Sale Amount: $65.5 million

Sale Date: May 27, 2015

44. Wendy’s in Frayser Sells for $1.46 Million -

The Wendy’s franchise restaurant at 2221 Frayser Blvd. in Memphis sold May 20 for $1.5 million.

45. Evolve Bank & Trust Adds Executive Vice President -

Evolve Bank & Trust has added Mark Mosteller as its new executive vice president of accounting and finance.

46. YMCA of Memphis Buys Downtown YMCA for $2.9M -

The YMCA of Memphis & the Mid-South has purchased the Fogelman Downtown YMCA for $2.9 million, according to public records.

YMCA acquired the building at 245 Madison Ave. from Forum 245 Madison LLC, according to a May 27 warranty deed. In conjunction with the purchase, the organization filed a $2.1 million loan with Regions Bank, according to a May 26 deed of trust. Keith Johnson, president and chief executive of the YMCA of Memphis & the Mid-South, signed the deed of trust.

47. The Solana Germantown Bought For $65.5 Million -

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

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

48. Bonnaroo Success ‘Testament to the Community’ -

Knoxville music promoter Ashley Capps – a big part of the brain trust that created Bonnaroo – really never needed the media to make the annual music and arts festival a success.

49. Memphis Library Foundation Crowdfunds for Cloud901 -

This week, the Memphis Library Foundation launched its first crowdfunding campaign to raise $10,000 for needed equipment in its new teen learning lab Cloud901, opening this fall.

Thanks to donors Jack and Sandra Jones, that $10,000 will be doubled, with their commitment to match up to $10,000.

50. Redbirds' Piscotty Adjusts Batting Approach in Search of Cardinals-Level Power -

When Stephen Piscotty was growing up in Pleasanton, Calif., he played one of those games that kids with big-league dreams play. Only, this game was a little different. It had to be. The backyard had an obstacle.

51. The Solana Germantown Bought for $65.5 Million -

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

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

52. Salomon Joins Harkavy Shainberg -

Jason D. Salomon, one of the 25 lawyers in Tennessee certified as an estate planning specialist, has joined Harkavy Shainberg Kaplan & Dunstan PLC as a member of the firm.
Salomon focuses his practice primarily in the areas of estate planning, trust implementation and probate administration. He also addresses issues regarding disability planning, elder law, nonprofits and small-business succession.

53. 100 N. Main Owner Still Owes MLGW -

The owner of the city’s tallest office building still has not paid the Memphis Light, Gas and Water Division bill on the property, and an official with the publicly owned utility said the two sides remain engaged in talks.

54. Evolve Bank & Trust Adds Executive Vice President -

Evolve Bank & Trust has added Mark Mosteller as its new executive vice president of accounting and finance.

55. YMCA of Memphis Buys Downtown Facility for $2.9 Million -

The YMCA of Memphis & the Mid-South has purchased the Fogelman Downtown YMCA for $2.9 million, according to public records.

YMCA acquired the building at 245 Madison Ave. from Forum 245 Madison LLC, according to a May 27 warranty deed. In conjunction with the purchase, the organization filed a $2.1 million loan with Regions Bank, according to a May 26 deed of trust. Keith Johnson, president and chief executive of the YMCA of Memphis & the Mid-South, signed the deed of trust.

56. Regions Bank Taps New Area Wealth Executive -

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

57. Wendy’s in Frayser Sells for $1.46 Million -

The Wendy’s franchise restaurant at 2221 Frayser Blvd. in Memphis sold May 20 for $1.5 million.

58. Cooper-Young Festival Poster Artist Chosen -

The Evolve Bank and Trust Cooper Young Festival has announced Midtown-based creative Gino Barzizza as the poster artist for the 2015 festival.

59. AutoZone Among Top 10 Arts-Supporting Businesses -

AutoZone Inc.’s commitment to the arts has earned it a place in Americans for the Arts’ top 10 business partners.

60. Graceland Nursing Center in Whitehaven Sells for $1.1M -

1250 Farrow Road LLC filed a $1.1 million special warranty deed for the Graceland Nursing Center located at 1250 Farrow Road in Whitehaven on May 21.

61. 100 N. Main Listed on National Historic Register -

The city’s tallest building has been added to the National Register of Historic Places, a designation that could allow tax credits and grants for the redevelopment of the building at 100 N. Main St.

62. Snapshot: Memphis-Based Public Companies -

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

AutoZone Inc.

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

63. 100 N. Main Could Lose Utilities -

The owner of the city’s tallest office building has until the end of the month to pay at least the past-due portion of the Memphis Light, Gas and Water Division bill on the property before potentially facing cutoff.

64. Graceland Nursing Center in Whitehaven Sells for $1.1 Million -

1250 Farrow Road LLC filed a $1.1 million special warranty deed for the Graceland Nursing Center located at 1250 Farrow Road in Whitehaven on May 21.

65. Supreme Court Clarifies Power of Bankruptcy Judges -

WASHINGTON (AP) – The Supreme Court says bankruptcy courts have authority to rule on disputes that fall outside the bankruptcy proceedings if the parties to the case consent.

The 6-3 ruling on Tuesday helps clarify the power of bankruptcy judges. That had been in question since a 2011 high court decision that limited their authority to decide non-bankruptcy issues.

66. 100 N. Main Listed on National Historic Register -

The city’s tallest building has been added to the National Register of Historic Places, a designation that could allow tax credits and grants for the redevelopment of the building at 100 N. Main St.

67. Wal-Mart's Push on Animal Welfare Hailed As Game Changer -

NEW YORK (AP) – Wal-Mart's push to get its suppliers to give farm animals fewer antibiotics and more room to roam is expected to have a big impact on the food industry, experts say.

Though the steps are voluntary, Wal-Mart, which sells more food than any other store, has a history of using its retail muscle to change the way products are made and sold across the retail industry.

68. Cooper-Young Festival Poster Artist Chosen -

The Evolve Bank and Trust Cooper Young Festival has announced Midtown-based creative Gino Barzizza as the poster artist for the 2015 festival.

69. AutoZone Named in Top 10 of Arts-Supporting Businesses -

AutoZone Inc.’s commitment to the arts has earned it a place in Americans for the Arts’ top 10 business partners.

70. Small Banks Find Ways to Compete With Giants -

Nashville’s InsBank began 15 years ago, founded by a group of insurance agents. Originally, it was known as Insurors Bank of Tennessee, its target market was independent insurance agents in the state. But that has changed somewhat over the years as the bank has evolved from that particular niche.

71. Rosenfelt Literary Fest Speech Refreshing -

“I was the least successful marketing person in the history of Hollywood.” With that line, novelist David Rosenfelt gets his first laugh. As part of the Arkansas Literary Festival, the author of 21 books addresses a packed house at the Clinton School of Public Service. And not about accessing inner muses or fusing justice with mercy. With mega-doses of self-deprecating humor, Rosenfelt tells it like it is. For him.

72. Financial Information in the Digital Age -

Ray's take: As we spend more of our lives online – paying bills, collecting credit card rewards points, shopping, creating photo albums, emailing – it's increasingly important to consider how beneficiaries can access those accounts and any assets they hold, once we're gone.

73. Six Easy Ways to Kick Referral Fears -

For most businesses, especially those selling to other businesses (or B2B), there is no more efficient way to generate new business than through referrals from existing happy customers. “Pre-selling” has occurred, which means there is already built-in trust, which inevitably shortens the sales cycle. Plus, there is typically little, if any, hard cost in that new customer acquisition.

74. Massey Helps Grow Memphis CCIM Chapter -

Unlike countless college students who hop from one major to another, Shawn Massey always knew he wanted to be involved in commercial real estate.

75. The Joy of Tony Allen; Inflategate Worse Than Deflategate -

Wading in with a few quick takes …

If I had the money and the inclination to open up a bar on Beale Street, the name is set: One-Eyed Charlie.

Mike Conley’s masked-man performance in Game 2 as the Grizzlies defeated Golden State to even their Western Conference playoff series at 1-1 now stands atop the list of true grit-n-grind moments. And for the record, playing point guard with a broken face > than pitching with a bloody sock.

76. Planning for Those With Special Needs -

Ray’s take: Sometimes life throws us a curve in the form of a child with special needs. And when that happens, the best gift we can give them, beyond our love and care, is a future securely planned to meet their individual needs.

77. Rieger Begins Work at Memphis Chamber -

Tom Rieger recently joined the Greater Memphis Chamber as senior vice president of member development, a role in which he will oversee major fundraising activities, conduct membership drive campaigns and implement revenue enhancement opportunities.

78. University of Memphis Foundation Applies for $1 Million Building Permit -

1115 E. Getwell Loop
Memphis, TN 38111
Permit Amount: $1 million

Applicant: The University of Memphis Foundation
Project Cost: $40 million
Permit Application Date: April, 2015
Architect: Fleming Architects
Contractor: Grinder, Taber & Grinder Inc.
Details: The University of Memphis Foundation has applied for a $1 million building permit for a new facility at the university’s Park Avenue campus.

79. What I Tell My Team -

Ask the hard questions. As a thriving consultancy, our primary vocation is providing insight that adds value to our clients. To meet this objective we have to play enlightened court jester, asking the unaskable questions those inside the company cannot ask.
We also have to set the stage, carefully constructing an atmosphere of trust where we can mine issues deeply, uncover hidden orthodoxies, serve as a mirror, and always point out reachable possibilities for growth. We also have a duty to name the obstacles. Sometimes there are “family-style” secrets inside companies and denial as thick as prison walls. Be respectful on this quest. People, especially tough people, are really tender.

80. IHeartMedia Sells Four Memphis Radio Towers -

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

81. Medical Center Apartments Sell for $6.4 Million -

A Memphis investor has acquired a Memphis Medical Center apartment building for $6.4 million.

Thunderbird Towers LLC bought the 201-unit, Class C apartment building at 141 N. Manassas St., known as the Adams Place Apartments, from 750 Adams Place LLC, according to an April 13 warranty deed.

82. Salinger Lawsuit Reflects Larger Issues of Literature -

When 22 of his short stories and other writings were published in 1974, J.D. Salinger broke a 20-year public silence and explained his feelings about his early works before he wrote “The Catcher in the Rye.”

83. Investor Buys Medical Center Apartments for $6.4 Million -

A Memphis investor has acquired a Memphis Medical Center apartment building for $6.4 million.

Thunderbird Towers LLC bought the 201-unit, Class C apartment building at 141 N. Manassas St., known as the Adams Place Apartments, from 750 Adams Place LLC, according to an April 13 warranty deed.

84. Raleigh Warehouse on Elmore Road Sells For $700,000 -

A Union County, Tenn., forklift business has sold a Raleigh warehouse building for $700,000.

Union City Forklift Inc. sold the property at 2188 Spicer Cove in Memphis to Dpdd LLC, according to an April 6 warranty deed. Jim Mason, president of Union City Forklift Inc., signed the warranty deed.

85. Wal-Mart Moves Forward With New Supercenter -

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

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

86. IHeartMedia Sells Four Memphis Radio Towers -

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

87. Rental Company Buys 7 Homes Near U of M -

A Germantown-based rental-home company has purchased seven houses near the University of Memphis for $617,000.

Blue & White Properties bought the homes at 572, 582 and 588 Watson St., 590 Loeb St., 737 Shotwell St., 705 S. Graham St. and 3739 Spottswood Ave. from Collegiate Properties LLC, according to a March 31 warranty deed.

88. Woods at Ridgeway Buyer Files $15.2 Million Loan -

The buyer of the Woods at Ridgeway, an apartment community near the northeast corner of Ridgeway and Knight Arnold roads, filed a $15.2 million loan in association with the recent $18.5 million purchase of the community from an affiliate of Michigan-based ROCO Real Estate.

89. Estate Planning and Your Collectibles -

Ray's take: We’ve all heard those stories about someone inheriting Great Aunt Matilda’s Avon bottle collection and having no idea what to do with it. But the collection meant something to Aunt Matilda. She could have planned differently for her collection and it might have found a home with someone (or somewhere) who loved it.

90. REIT Acquires Three Hotels for $39.6 Million -

7905 Giacosa Place, 5320 Poplar Ave. and 7855 Wolf River Boulevard
Memphis, TN
Sale Amount: $39.6 million

91. Rental Company Buys 7 Homes Near University of Memphis -

A Germantown-based rental-home company has purchased seven houses near the University of Memphis for $617,000.

Blue & White Properties bought the homes at 572, 582 and 588 Watson St., 590 Loeb St., 737 Shotwell St., 705 S. Graham St. and 3739 Spottswood Ave. from Collegiate Properties LLC, according to a March 31 warranty deed.

92. Germantown Mayor Hosts Inaugural CEO Roundtable -

Germantown Mayor Mike Palazzolo recently hosted a meeting of area CEOs as part of the city’s new CEO Roundtable.

Palazzolo said he recognizes “the need for the top level executives within the city of Germantown to meet peer-to-peer and discuss matters of mutual concern regarding the challenges and opportunities that face our organizations and the greater community.”

93. Regency Homebuilders Buys Lakeland Property -

Regency Homebuilders LLC has paid $1.3 million for 64 acres in Lakeland.

The Germantown-based homebuilder bought the vacant land from Bank of Bartlett in a March 25 warranty deed. In conjunction with the purchase, Regency filed a two-year, $1.3 million deed of trust, also through Bank of Bartlett.

94. REIT Acquires Three Hotels for $39.6 Million -

A New York-based real estate investment trust has acquired three hotels in the Memphis area for $39.6 million.

ARC Hospitality Portfolio I Owner LLC, an affiliate of American Realty Capital Hospitality Trust Inc., acquired the three properties from W2007 Equity Inns Realty LLC.

95. Bill Would Make Bible Official State Book of Tennessee -

NASHVILLE, Tenn. (AP) – Despite concerns that giving the holy Bible the same status as a salamander is a little tawdry and could be unconstitutional, Tennessee lawmakers are forging ahead with plans to make it the official state book – something at least two other states have failed to do.

96. Regency Homebuilders Buys Lakeland Property -

Regency Homebuilders LLC has paid $1.3 million for 64 acres in Lakeland.

The Germantown-based homebuilder bought the vacant land from Bank of Bartlett in a March 25 warranty deed. In conjunction with the purchase, Regency filed a two-year, $1.3 million deed of trust, also through Bank of Bartlett.

97. Workforce Group Elects Downtown for Office -

The Greater Memphis Alliance for a Competitive Workforce has found a headquarters location Downtown, leasing 2,967 square feet at the One Commerce Square office tower.

The alliance aims to produce a united regional workforce development system by generating extensive workforce data, creating a pipeline of ready-to-work employees, crafting career roadmaps for workers and students and helping meet the near-term employment needs of local employers.

98. Shelby County Mortgage Market Grows 23 Percent in March -

The last month of the first quarter showcased a Shelby County mortgage market with abundant vitality, including evidence that plenty of demand exists among buyers eager to sign on the dotted line.

Mortgage volume countywide grew 23 percent in March compared to the same month a year ago, according to real estate information company Chandler Reports, www.chandlerreports.com. Year over year, volume last month rose to a little more than $126 million, up from $103.1 million in March 2014, and lenders say continued low rates are one reason why.

99. Legislators Not Moved by Hymns, Reason -

The words of “We Shall Overcome” and “Wade in the Water” resonate through the halls as Insure Tennessee supporters descend on the Legislative Plaza for a key vote on the plan to provide coverage to 280,000 working Tennesseans.

100. Enjoy Now While You Build Your Future -

Ray’s Take Invariably, one boring little word seems to be the answer to virtually every personal finance question you’ll face: save. Save, save and save some more. Frugality is the new black.