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Editorial Results (free)

1. The Week Ahead: Nov. 30, 2105 -

How was your weekend, Memphis? Here’s our weekly rundown of local happenings you need to know about, from snow and sledding at the Levitt Shell to orientation for members of the new Memphis City Council...

2. Home Values Point to a Sharp Wealth Divide Within US Cities -

WASHINGTON (AP) — It's still possible in Boston for a mail carrier, an accountant and a Harvard-trained psychiatrist — basically, the crowd from "Cheers" — to live as neighbors.

That finding by the real estate brokerage Redfin makes the capital of Massachusetts a rarity at a time when neighborhoods in most U.S. cities are increasingly isolated from each other by income and home values.

3. D1 Sports Training Facility Sells for $4.1 Million -

85 Market Center Drive
Collierville, TN 38107

Sale Amount: $4.1 million

Sale Date: Nov. 5, 2015

4. Hamlet Offers Plan For Global Ministries Foundation's Inner-City Apartments -

Global Ministries Foundation founder Richard Hamlet has a multi-million dollar recapitalization plan to make extensive renovations at three inner-city apartment complexes his company owns.

5. Marriott Becomes World's Largest Hotelier, Buying Starwood -

NEW YORK (AP) — Hotel behemoth Marriott International is becoming even larger, taking over rival chain Starwood in a $12.2 billion deal that will catapult it to become the world's largest hotelier by a wide margin.

6. Tennessee’s Landlords Find Hidden Costs of Privatization -

Murfreesboro businessman Tom Hyde felt the sting of Tennessee’s privatization practices two years ago when a representative of Jones Lang Lasalle notified him he would have to pay the company a commission as part of his next lease agreement.

7. McDonald's Won't Pursue Real Estate Investment Trust -

OAK BROOK, Ill. (AP) — McDonald's says it will not pursue spinning off its real estate assets.

The world's largest hamburger chain, which is in the midst of a turnaround plan, had been considering forming a real estate investment trust partly because of the potential tax advantages it could provide.

8. Shelby County Home Sales Edge Down in October -

Memphis and Shelby County home sales decreased 9 percent this October compared to the same month last year, but the decline could be related more to a lack of inventory than a lack of interest.

There were 1,344 sales recorded for October, compared with 1,472 recorded for the same time last year, according to data from real estate information company Chandler Reports, chandlerreports.com

9. US Housing Recovery Divided on Age, Race and Place -

WASHINGTON (AP) — It's the most profitable time to sell a house since the Great Recession started in late 2007. But first-time buyers are increasingly scarce.

More Americans are qualifying for mortgages, yet minorities still get disproportionately rejected.

10. Corker Blames Accounting Firm for Disclosure 'Filing Errors' -

CHATTANOOGA, Tenn. (AP) — Republican U.S. Sen. Bob Corker of Tennessee is blaming his accounting firm for making "filing errors" in disclosures about the Republican's trades in shares in a hometown real estate firm.

11. Conference Aims to Spark Positive Change, One ZIP Code at a Time -

The world can be a big place, even within one city or a single ZIP code. But the world also can be made smaller when the right kinds of lines are crossed.

Steve Nash founded nonprofit Advance Memphis in 1999, beginning an ambitious project without end. His goal: bring economic sustainability to the people living in and around the Cleaborn/Foote Homes public housing developments in South Memphis’ 38126 ZIP code, the poorest urban ZIP in Tennessee.

12. Andy Cates: Memphis in ‘Pivotal’ Time -

When more than 100 of the city’s most prominent developers and real estate professionals got together Tuesday, Nov. 3, at the Crescent Club in East Memphis, much of the focus was on a list of more than two dozen real estate projects.

13. Shadyac Gives More Clues on St. Jude Expansion Plans -

Rick Shadyac, president and CEO of St. Jude Children’s Research Hospital’s fundraising arm, has revealed further details about the hospital’s expansion plan.

Shadyac addressed the Memphis chapter of Lambda Alpha International on Tuesday, Nov. 3, saying St. Jude/ALSAC is committed to the city and that “significant” and “transformational” plans are on the way that would grow the hospital’s reach and uplift the Pinch District and Memphis Medical Center.

14. SEC Opens Door to Startup Investing For All -

WASHINGTON (AP) — A new form of crowdfunding is coming soon that will allow startups to raise money by selling stock to Main Street investors.

The Securities and Exchange Commission on Friday adopted rules implementing a 2012 law that opened the door to securities crowdfunding. The vote was 3-1 at a public meeting.

15. Office, Industrial Real Estate Enjoy Strong Third Quarter -

Memphis’ industrial and office sectors are seeing healthy activity, and some areas are experiencing record fundamentals.

At the Crescent Center building in East Memphis, prices per square foot have reached $30.50, a level that hasn’t been seen before in the Memphis market.

16. Bipartisan Brakes for Governor Haslam’s Privatization Push -

Plans to put Tennessee’s real estate and government operations in the hands of private business are much further along than Gov. Bill Haslam would like people to think.

A master of downplaying big issues, Haslam says he’s simply looking for ways to make government run more efficiently and save money.

17. State Systems Inc. Buys New HQ -

One of the Economic Development Growth Engine’s latest payment-in-lieu-of-taxes recipients is expanding its market footprint and real estate holdings with the recent purchase of seven Memphis properties.

18. What You Should Know About Renters Insurance -

Did you know that only 31 percent of renters in the United States have renters insurance? Those of us in the real estate industry consider that startlingly low. But why should you consider renters insurance?

19. US Home Values and Rents Defying Global Slowdown -

WASHINGTON (AP) — U.S. housing appears to be insulated so far from the cooling global economy.

Home values and rental prices are steadily rising, fueled by strong demand and a tight supply of available properties, a pair of reports Tuesday showed. The solid demand drove sales growth early this year and spurred additional construction.

20. Tanger Southaven Expected To Drive More DeSoto County Retail -

At its grand opening Nov. 20, Tanger Outlets Southaven mall will finally see light after years of development.

The project, which initially was developed by Memphis-based Poag Shopping Centers and shelved during the recession, was revived thanks to a relationship with national group Tanger Factory Outlet Centers Inc. and several public partnerships with DeSoto County and the state of Mississippi.

21. US Home Sales Rebound in September After August Slump -

WASHINGTON (AP) — Americans snapped up more homes in September, suggesting that the U.S. housing sector remains insulated from global economic turmoil.

The National Association of Realtors said Thursday that sales of existing homes jumped 4.7 percent last month to a seasonally adjusted annual rate of 5.55 million. Buying activity rebounded after slipping in August, indicating that demand for housing continues despite a series of recent economic hits: stock market declines, falling factory orders, a slowdown in China, struggles in emerging nations such as Brazil and Turkey, and stagnation in Europe.

22. Billionaire Starts Super PAC to Push Corporate Tax Revamp -

WASHINGTON (AP) — Billionaire New York investor Carl Icahn said Wednesday he is creating a $150 million super PAC focused on revising corporate tax law.

Icahn will use his super PAC to press Congress to pass legislation that stops U.S. companies from moving their profits overseas to take advantage of lower tax rates — a practice known as "inversions."

23. Developer Long on Downtown Memphis, Short on Specifics -

Three Downtown properties are now owned by an Atlanta-based affiliate of an Australian real estate investment and development company, which is giving little in the way of clues about its Memphis plans.

24. Long-Awaited Artesian Opens on Riverside -

Despite being unfinished and empty for six years, the 16-story building at the corner of Riverside and Channel 3 drives has remained a landmark in the Downtown skyline.

And finally, the lights are coming on.

25. Belz Sells Champion Hills Office Building for $7.8M -

3725 Champion Hills Drive
Memphis, TN 38125
Sale Amount: $7.8 million

Sale Date: Oct. 8, 2015
Buyer: Champion Hills Realty Holdings LLC
Seller: Belz Investco GP
Loan Amount: $5.5 million
Loan Date: Oct. 5, 2015
Lender: C-III Commercial Mortgage LLC
Details: Belz Enterprises made another big real estate deal on the tail of its recent announcement to redevelop the corner of McLean Boulevard and Union Avenue into a mixed-use development.

26. Two Warehouses Acquired in Major National Deal -

Denver-based Northstar Commercial Partners, a privately held commercial real estate investment company, purchased two warehouse storage facilities in south Memphis for $5.2 million, according to a special warranty deed signed Sept. 29.

27. Two Warehouses Acquired In Major National Deal -

Denver-based Northstar Commercial Partners, a privately held commercial real estate investment company, purchased two warehouse storage facilities in south Memphis for $5.2 million, according to a special warranty deed signed Sept. 29.

28. First Tennessee Again Eyes Sale Of Downtown HQ Building -

One of Memphis’ tallest buildings could come under new ownership as First Tennessee Bank looks to sell its Downtown tower at 165 Madison Ave.

29. ROCO Real Estate Buys Third Memphis Apartment Community -

2778 Pickering Drive
Memphis, TN 38115

Sale Amount: $5.5 million

Sale Date: Sept. 18, 2015

30. 'Bring Trader Joe's to Memphis' Creator Thrilled by Announcement -

When Layla Rouse woke up Wednesday, Sept. 23, her phone was practically buzzing with texts and social media messages.

The creator of the Bring Trader Joe’s to Memphis Facebook page – a social media project Rouse started back in 2012 that’s attracted more than 10,000 fans – says she was in disbelief, at first. But there it was.

31. US Home Sales Slide in August After 3 Months of Solid Gains -

WASHINGTON (AP) — U.S. home sales slid in August by the most since January as tight supplies and rising prices discouraged potential buyers.

The National Association of Realtors said Monday that sales of existing homes fell 4.8 percent from the previous month to a seasonally adjusted annual rate of 5.31 million, the lowest level since April. That's down from 5.58 million in July, which was the highest in more than eight years.

32. Haslam Paying $612,000 Annually to 3 Outsourcing Consultants -

NASHVILLE, Tenn. (AP) — Three part-time outsourcing consultants stand to be paid $612,000 annually by the state even as Republican Gov. Bill Haslam insists that no decision has been made about privatization efforts.

33. Haslam: No 'Bias' Toward Outsourcing Building Management -

NASHVILLE, Tenn. (AP) — Republican Gov. Bill Haslam insisted last week that he has no "bias" toward privatizing state government activities.

Haslam told reporters Thursday, Sept. 17, that any decision is still months away on whether to proceed with outsourcing building management at the state's colleges and universities, prisons, armories or parks. Haslam said his aim is simply to find ways to save money, and that criticism of his administration exploring outsourcing is misplaced.

34. Developers Threaten to Pull Out of Mall of Memphis Site -

Developers of the former Mall of Memphis site were again delayed as the board of the Economic Development Growth Engine tabled a vote on a payment-in-lieu-of-taxes benefit for the speculative industrial site.

35. Andrew and Michael Are Coming to The Chisca -

Chefs Michael Hudman and Andrew Ticer are stepping out of Brookhaven Circle for the first time to expand their restaurant interests, with a new concept – their fourth – planned for Carlisle Corp.’s The Chisca on Main.

36. Mathes Takes Helm at Community Legal Center -

Longtime attorney Anne Mathes has been named executive director of the nonprofit Community Legal Center, which has been providing civil legal services to lower-income Memphians for more than 20 years. In addition to civil cases and divorces, the CLC collaborates with other agencies to serve victims of domestic violence and elder abuse. They also take some immigration cases.

37. US Consumer Borrowing Hits Fresh Record in July -

WASHINGTON (AP) — U.S. consumer borrowing climbed to a fresh record in July, the latest evidence that the U.S. economy is on track to grow at a healthy pace in the second half of this year.

38. The End of the Fed’s Up-Market Guarantee Program -

On Thursday, the European Central Bank committed to do even more of “whatever it takes,” driving European stocks up 2.5 percent. Conversely, after Friday’s strong U.S. job report, Fed tightening fears pushed American stocks down 1.5 percent.

39. US Services Firms Expand Rapidly, Lifted by Strong Sales -

WASHINGTON (AP) — U.S. services companies expanded at a healthy pace in August, lifted by robust consumer spending resulting from steady job gains.

The Institute for Supply Management said Thursday that its services index slipped to 59 from 60.3 in the previous month. July's reading was the highest since August 2005, and any reading over 50 indicates expansion.

40. Fed Report Finds Economy Growing at Moderate Pace in Summer -

WASHINGTON (AP) — While U.S. housing and auto sales showed strength over the summer, manufacturers were feeling pressure from China's economic slowdown and the oil industry was squeezed by lower energy prices.

41. Chisca Rising -

Sitting vacant for more than 20 years didn’t do any favors for the Chisca Hotel property along South Main Street. But this week marks a major milestone in the historic structure’s story as residents begin moving into the Plaza, the newer of The Chisca on Main’s two buildings.

42. Mallory Marks 90 Years With China Expansion -

Mallory Alexander International Logistics is preparing to expand and operate directly in China later this year with a highly coveted freight license from the Chinese government and the opening of the Mallory Asia Pacific division in Shanghai.

43. Trezevant Hires Resident Services Head -

Kimberly O’Donnell has joined Trezevant as director of resident services. In her new position, she will be responsible for managing a variety of programs and functions while serving as liaison to the residential community.

44. Affordable Homes in an Unaffordable Market -

The gold rush of residential development throughout Middle Tennessee conceals what some in the region say is a growing crisis in affordable housing.

New homes and condos come on to the market every day, and even more are under construction or still in the planning stage, but those homes are often on the higher end of the price scale.

45. Renshaw Rehabs Spiffs Up Houses To Fetch Bigger Price Tags -

With a recent market uptick, Memphis-area Realtors are having to bring in outside help to get properties ready for sale.

Renshaw Property Management has launched a new division, Renshaw Rehabs, for the purpose of aiding distressed properties.

46. Sales of Senior Living Facilities Up in 2015 -

Mirroring national trends that show an increase in interest by investors in senior living facilities, the number of nursing home/elderly housing facilities that have changed hands is on the rise in Shelby County.

47. Freelance, Remote Work Part of New Office Reality -

In its 2015 list of the top 100 companies to watch for remote jobs, FlexJobs looked at the job-posting histories of more than 30,000 companies last year. The report, released in January, revealed a 26 percent increase in the number of remote jobs posted, hinting that the option to work from home is becoming more widely accepted in the broader economy.

48. US Home Sales Soar in July to Fastest Pace Since 2007 -

WASHINGTON (AP) — Americans stepped up their home-buying for a third straight month in July, as sales accelerated to the strongest pace in eight years.

The National Association of Realtors said Thursday that sales of existing homes rose 2 percent last month to a seasonally adjusted annual rate of 5.59 million, the fastest rate since February 2007. Sales have jumped 9.6 percent over the past 12 months, while the number of listings has declined 4.7 percent.

49. Average US Rate on 30-Year Mortgage Eases to 3.93 Pct. -

WASHINGTON (AP) — Average long-term U.S. mortgage rates edged lower this week, with the key 30-year loan rate remaining under 4 percent.

Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage ticked down to 3.93 percent from 3.94 percent a week earlier. A year ago, the average rate was 4.10 percent.

50. Lenoir: ‘Is It Time for a Tax Decrease?’ -

Shelby County Trustee David Lenoir says the $22 million extra in property tax revenue his office collected during the past fiscal year appears to be a trend of improving health in the local economy.

51. Home Depot Separates Itself From Retail Crowd in 2Q -

NEW YORK (AP) — Homes are getting a lot of TLC from their owners of late, which means better sales for businesses like Home Depot.

The world's largest home improvement retailer reported second-quarter results on Tuesday that surpassed Wall Street expectations, thanks largely to consumers opening their wallets. But Home Depot knows it's a change in mindset that is spurring homeowners to action.

52. More Millennials Stuck Renting for Years Before Buying Home -

WASHINGTON (AP) — Home ownership, that celebrated hallmark of the American dream, is increasingly on hold for younger Americans.

Short of cash, burdened by student debt and unsettled in their careers, young adults are biding time in apartments for longer periods and buying their first homes later in life.

53. Demo Day Brings Together Start Co., ZeroTo510 Entrepreneurs -

The entrepreneurial ecosystem was more abundant than ever at Demo Day 2015, where Start Co. and ZeroTo510 worked in conjunction for the first time to present graduates of their business accelerator programs to investors and community leaders.

54. Memphis, Shelby County Home Sales Blaze On in July -

The summer is coming to a close on a high note with home sales figures up across the board.

Sales volume and prices are up for July, and the market continues its climb to pre-recession levels.

55. US Consumer Borrowing Hits Another Record in June -

WASHINGTON (AP) – U.S. consumer borrowing hit another record in June, good news for the American economy.

Americans piled on another $20.7 billion in debt in June, bringing total consumer borrowing to a record $3.42 trillion, the Federal Reserve reported Friday.

56. Crosstown Concourse Taps Retail Leasing Agent -

Crosstown Concourse has added another member to its growing team: The Shopping Center Group LLC will be the exclusive retail leasing agent for the massive project.

57. Crosstown Concourse Taps Retail Leasing Agent -

Crosstown Concourse has added another member to its growing team: The Shopping Center Group LLC will be the exclusive retail leasing agent for the massive project.

58. West-Ward Pharmaceutical Plans Distribution Center Expansion -

4750 Pleasant Hill Road
Memphis, TN 38116
Loan Amount: $6.1 million

59. West-Ward To Expand Local Distribution Center -

West-Ward Pharmaceuticals Corp. is expanding its Memphis distribution center.

Keystone Bank NA of Chicago filed a $6.1 million construction loan July 24 for the New Jersey-based company’s expansion at South Point distribution center.

60. Unlikely Path -

It all started on whim. Cassius Cash was on his way to band practice at the University of Arkansas when he decided to practice his interview skills instead.

“Someone informed me the (U.S.) Forest Service was doing recruitment, but I had no intention of going in there and landing the internship,” says Cash of that interview for a wildlife biologist internship. “I thought the interview was about as far as I was going to go to chase my dreams.”

61. Earnings Season Roundup -

International Paper Reports Q2 Earnings Growth: International Paper reports its second-quarter net earnings grew while net sales for the quarter decreased slightly.

The Memphis-based company, which released its quarterly financial results Wednesday, July 29, said second-quarter earnings totaled $227 million, or 54 cents per share. That’s up from $161 million, or 37 cents per share, in second quarter 2014, but down from $313 million, or 74 cents per share, in first quarter 2015.

62. 'En Fuego' -

When Southaven Mayor Darren Musselwhite took office in June 2013, one of the first tasks that landed on his desk was a long-planned regional outlet mall.

The outlet mall, planned for a roughly 33-acre site at Church Road and Interstate 55 in the DeSoto County city, had been on the drawing board for some time, but the recession and its aftermath caused developers and Mississippi officials to put it on hold.

63. Warehouse At Perimeter Point Sells for $775,000 -

A Perimeter Point industrial building has been sold for $775,000.

Missouri-based Martabra Real Estate LLC acquired the flex warehouse building at 5055 Covington Way, just off Covington Pike south of Elmore Road, from CP Perimeter Point LLC, an affiliate of California-based Coastal Partners LLC.

64. MAA Reports Surging Profits -

Mid-America Apartment Communities Inc. reported a banner second quarter highlighted by surging profits.

65. West-Ward Pharm To Expand Memphis Distribution Center -

West-Ward Pharmaceuticals Corp. is expanding its Memphis distribution center.

Keystone Bank NA of Chicago filed a $6.1 million construction loan Friday, July 24 for the New Jersey-based company’s expansion at South Point distribution center.

66. Houston Levee Apartments In Cordova Fetch $17.5M -

9940 Paddle Wheel Drive
Cordova, TN 38016

Sale Amount: $17.5 million

Sale Date: July 9, 2015

67. Can US Housing Industry's Comeback Endure? The Outlook Dims -

WASHINGTON (AP) — The U.S. housing market has sizzled this summer, lifting expectations that home sales will finally help drive an economic expansion now in its seventh year.

Or will it?

68. New Shoe Store Headed To Carriage Crossing -

A shoe store new to the Memphis market is planning to open a location in the Carriage Crossing retail development.

Off Broadway Shoe Warehouse is expected to open in Collierville later this year.

69. Fed Directs 8 Biggest US Banks to Hold Extra Capital -

WASHINGTON (AP) — Federal regulators are directing the eight biggest U.S. banks to hold capital at levels above industry requirements to cushion against unexpected losses and reduce the chances of future taxpayer bailouts.

70. 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.

71. Apartment Construction Drives US Homebuilding Surge in June -

WASHINGTON (AP) – U.S. builders broke ground on apartment complexes last month at the fastest pace in nearly 28 years, as developers anticipate that recent jobs gains will launch a wave of renters

72. 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.

73. Fed Survey Finds Economic Growth in All Regions of US -

WASHINGTON (AP) – The U.S. economy was expanding in all regions of the country in the late spring, aided by strong sales of autos and other consumer goods.

In its latest survey of business conditions, the Federal Reserve said Wednesday that some of its regions reported that lower energy prices were encouraging consumers to shop and eat out more. Growing sales of homes and commercial real estate also boosted the economy.

74. 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.

75. One Beale Nabs 20-Year Tax Freeze -

The developers behind One Beale have earned key pieces of the public-private partnership they say is necessary to pursue the twin tower project overlooking the Mississippi River.

Memphis-based Carlisle Corp. on Tuesday, July 14, received a 20-year payment-in-lieu-of-taxes incentive and a $10 million contribution toward a public parking garage from the Center City Revenue Finance Corp.

76. PGA Grand Slam to Move From Trump Course in Los Angeles -

PALM BEACH GARDENS, Fla. (AP) — The PGA of America is moving its Grand Slam of Golf from Donald Trump's golf course in Los Angeles, the first significant fallout for golf from the Republican presidential candidate's comments on Mexican immigrants.

77. Dunavant-Owned Destin Resort On Track to Open Next Summer -

Work continues moving forward at a splashy new Destin resort owned by Memphis-based Dunavant Enterprises Inc.

78. Editorial: Ballet Memphis a Perfect Partner for Overton Square -

When news surfaced of Ballet Memphis’ impending move to Overton Square, it was met with mixed emotions.

Some groans, for sure. Midtown certainly could use a hotel, especially in the newly bustling district. And an independent, boutique hotel – which was the previous possibility for the primo real estate at the corner of Madison Avenue and Cooper Street – would have been a nice addition to the nightlife hotspot.

79. US Home Prices Climbing Steadily -

WASHINGTON (AP) – U.S. home prices increased at a solid clip in April, led by double-digit jumps in Denver and San Francisco.

The Standard & Poor's/Case-Shiller 20-city home price index rose 4.9 percent in April from 12 months earlier, roughly the same annual pace as March, S&P Dow Jones Indices said Tuesday.

80. Building Ballet -

Ask Ballet Memphis CEO and founding artistic director Dorothy Gunther Pugh about her dance company's newly announced move to Midtown, and the conversation doesn't immediately turn to obvious things like the when and the why.

81. US Consumers Ramp Up May Spending; Largest Gain Since 2009 -

WASHINGTON (AP) – U.S. consumer spending surged in May with the biggest monthly increase in nearly six years – a sign of stronger economic growth ahead.

The Commerce Department said Thursday that consumer spending rose 0.9 percent last month, up from a revised 0.1 percent increase in April. May spending registered the biggest gain since August 2009, when the government's "Cash for Clunkers" program fueled auto-buying.

82. Here's Why Home Sales Are Finally Surging -

WASHINGTON (AP) — Real estate has gotten hot again.

Home sales are on pace for their best year since 2007. First-time buyers are streaming back into the market. Prices are skyrocketing, aided by a stronger job market and tantalizingly low mortgage rates that are creating pressure for buyers to act fast.

83. First Horizon National Corp. Reveals Stress Test Results -

The Memphis-based parent company of First Tennessee Bank has passed its annual, federally mandated “stress test.”

84. Bishop Hears Stronger Call After ‘Fighting God’ -

The reason Richard Stika entered the seminary was to get thoughts of being a priest out of his system

It didn’t turn out that way.

On Dec. 14, the bishop of the Knoxville Catholic diocese will mark his 30th anniversary as a priest.

85. Sales Volume Raises Risk of Closing Snafus -

The Greater Nashville Association of Realtors’ May sales data show sales continuing to rise.

There were 3,558 closings, up 15.6 percent from last May. In comparison, there were 1,783 closings in May 2009. So closings have almost doubled since the Recession. And, as everyone knows, inventory has dropped dramatically.

86. Building Green in a Red-Hot Market -

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

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

87. I Choose Memphis: Gray Fiser -

“I Choose Memphis” spotlights Memphians who are passionate about calling this community home. New Memphis Institute provides the profiles.

Name: Gray Fiser

Job title and company: Senior Associate, CBRE Memphis

88. First Horizon National Corp. Reveals Stress Test Results -

The Memphis-based parent company of First Tennessee Bank has passed its annual, federally mandated “stress test.”

89. 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

90. US Household Wealth Reaches New High: Nearly $85 Trillion -

WASHINGTON (AP) – A rising stock market and climbing home prices boosted Americans' net worth to a new high in the first three months of the year.

The Federal Reserve said Thursday that the value of Americans' stock holdings, real estate and other assets rose to $84.9 trillion from $83.3 trillion in the final three months of last year. Stock portfolios rose $487 billion, home values by $503 billion.

91. 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.

92. Collierville Commits -

Right after the Collierville Board of Mayor and Aldermen voted Monday, June 8, to raise the town’s property tax rate by 20 cents, a flash of lightning flared outside the town hall chamber’s windows.

93. 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

94. Making the Connection -

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

95. Fed Sees Moderate Economic Growth Around Country This Spring -

WASHINGTON (AP) – The U.S. economy was growing at a moderate pace in most regions of the country in April and May, as consumers ramped up spending at retailers and auto dealers, the Federal Reserve said Wednesday.

96. Global Pharma Distributor to Open in Olive Branch -

A global pharmaceutical sourcing and distribution company is opening a $48 million distribution center in Olive Branch.

AmerisourceBergen will locate the new facility, which will produce 129 new jobs, at IDI Gazeley’s Crossroads Distribution Center in the DeSoto County town.

97. 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.

98. High Court: Bankrupt Homeowners Can't Void Second Mortgage -

WASHINGTON (AP) – A unanimous Supreme Court ruled Monday that homeowners who declare bankruptcy can't void a second mortgage even if the home isn't worth what they owe on the primary mortgage.

99. 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

100. 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.