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Editorial Results (free)

1. Continental Approved for Tax Freeze -

The tire division of Continental AG, one of the world’s largest automotive industry suppliers, will open a tire retreading, service and sales center in Memphis after receiving approval for a tax break.

2. February Has Stock Market ‘Reboot’ -

Frustrating. A word often used to describe computers, smartphones, tablets and, quite often, the stock market.

Sometimes we can press the exact same button on our computer as we did the day before and something completely different pops up on our screen. What do we do? Do we call the IT person or reboot?

3. Southbrook Mall Plans Simmer -

If the city is going to spend money on a renovation of the Southbrook Mall in Whitehaven, it should be part of a larger plan for Whitehaven and tie in to the aerotropolis concept.

That’s what city Housing and Community Development Director Robert Lipscomb said Tuesday, April 15, as he outlined a $6.5 million plan for turning the mall into a “town center” that includes some city government offices and private retail.

4. Wharton Outlines $596 Million Budget Plan -

Memphis Mayor A C Wharton Jr. warned Tuesday, April 15, that “half measures” in converting city employees to a defined contributions benefits plan would not restore the city’s financial health and resolve an unfunded pension liability of hundreds of millions of dollars.

5. Yellen Signals More Aggressive Stance Toward Banks -

WASHINGTON (AP) – The Federal Reserve may be about to turn more aggressive in its regulation of the financial system.

Fed Chair Janet Yellen suggested Tuesday that current regulatory rules might not be enough to prevent the kind of risk-taking that triggered the 2008 financial crisis and nearly toppled the entire banking system.

6. County Commission Ready for Budget Analysis -

Shelby County Commissioners begin their detailed look at the county’s consolidated budget proposal Wednesday, April 16, for the coming fiscal year.

The budget committee, chaired by commissioner Heidi Shafer, begins its hearings with a look at the budgets for the offices of Sheriff, Trustee, Register and the Juvenile Court and its Clerk’s office.

7. US Retail Sales Up Strong 1.1 Percent in March -

WASHINGTON (AP) – U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture and a number of other products.

The 1.1 percent jump reported by the Commerce Department on Monday was the best showing since September 2012. The government also revised February to a 0.7 percent gain, more than double its previous estimate.

8. Is Hot Market for IPOs Cooling? -

NEW YORK (AP) – A hot market for initial public offerings may soon face a cooler reception from investors.

IPOs are having their best start to a year since 2000. Eighty-nine companies have raised $19 billion through sales of new stock so far in 2014. But demand for more offerings depends largely on the health of the broader market, and after last week's sell-off, the clamor from buyers may quiet down.

9. Brewery Project Looks for Answers -

When the Untapped event at the Tennessee Brewery ends June 1, the fortress-like landmark on the south bluffs will still be tentatively slated for demolition in August.

But organizers of the event, which mixes live entertainment, local beer and food, and the experience of gathering in a long-closed courtyard, hope some answers will have emerged about a possible life beyond August.

10. Continental Eyeing Memphis for Tire Facility -

The tire division of Continental AG, one of the world’s largest automotive industry suppliers, is eyeing a location on Winchester Road in Memphis for a retreading, service and sales center.

Continental Tire the Americas LLC is seeking a tax break from the Economic Development Growth Engine of Memphis and Shelby County for a tire facility that will employ 25 people at 3474 Winchester Road.

11. Producer Prices Rise 0.5 Percent in March -

The prices companies receive for their goods and services jumped in March led by gains for food, clothing, jewelry and chemicals.

The producer price index, which measures price changes before they reach the consumer, rose 0.5 percent in March, the Labor Department said Friday.

12. Commission Budget Season Begins Quietly -

Shelby County Commissioners began their budget season quietly with a first look in committee sessions last week at a $1.2 billion consolidated county budget proposal by Shelby County Mayor Mark Luttrell.

13. Minutes Show Fed Struggled to Agree on Rate Policy -

WASHINGTON (AP) – The Federal Reserve struggled last month over how to convey to investors that it will raise short-term interest rates only slowly once it increases them from record lows.

14. Bank of America Paying $772 Million Over Credit Card Extras -

WASHINGTON (AP) – Bank of America Corp. is paying $772 million in fines and refunds to settle regulators' accusations that it misled customers who bought extra credit-card products and illegally charged others for credit monitoring and reporting services they didn't receive.

15. Diversify to Help Your Taxability -

Ray’s Take: Planning for the tax portion of your retirement can have an important impact on the longevity and quality of retirement savings. Various investment and savings instruments are taxed in different ways, so building a pool with different levels can help you with your taxes.

16. Startup Conference Prepares to Return to Memphis -

Final preparations are underway for the startup-focused Everywhere Else conference, which is returning to Memphis at the end of the month after its launch here last year and will bring entrepreneurs, investors and creatives from around the country to the Bluff City.

17. Commission to Discuss Budget, Schools Funding -

Shelby County Commissioners offer their first public comments Wednesday, April 9, on the budget proposal by Shelby County Mayor Mark Luttrell and a request by Shelby County Schools leaders for $52.6 million in capital funding.

18. Fourth Annual MED Night Raises Hospital Awareness -

“Celebrate good times, come on!” The song by Kool & the Gang – this year’s MED Night: A Soul Celebration headliner – pretty much encapsulates not only the night, but the overall feeling about Regional One Health’s vision and new direction.

19. All Dividend Stocks Not Created Equal -

There are 422 dividend paying stocks in the S&P 500 Index, but not all are created equal.

To use a job analogy, some jobs offer a good upfront salary and stability in income, however, upside growth is limited. While other jobs may have lower starting salaries, they make up for it with growth opportunity and, in some cases, unlimited upside through bonuses or commissions.

20. Luttrell Wants Suburban Schools Consideration in Funding Split -

Shelby County Mayor Mark Luttrell has a pretty good idea what is on the $52.6 million capital spending “ask” list Shelby County Schools is sending his way.

21. Redbirds, AutoZone Park Sales Finalized -

The city of Memphis, the St. Louis Cardinals and the Memphis Redbirds Baseball Foundation have completed the ownership transactions of the Redbirds and AutoZone Park.

Per the agreement, the Cardinals have acquired the Redbirds (their Triple-A farm club), while the city of Memphis has acquired AutoZone Park. The city will lease the ballpark to the Redbirds through a long-term agreement. Included is a substantial, multiseason capital investment in the ballpark.

22. Manufacturing Grew More Quickly in March -

U.S. manufacturing grew at a slightly faster pace in March compared with February as factory output recovered from disruptions caused by severe winter weather. Manufacturers also received more orders, suggesting that production could strengthen a bit in the months ahead. The Institute for Supply Management, a group of purchasing managers, said Tuesday that its manufacturing index increased to 53.7 from 53.2 in February. Any reading above 50 indicates expansion.

23. City, Schools Agree To Mediation on Funding -

The city of Memphis and Shelby County Schools have agreed to an “official mediation process with a third party mediator” to resolve the $57 million claim and judgment the school system has against the city and the $89 million counterclaim the city is pursuing against the school system for capital funding.

24. Market Mystery -

Over the last several years, investors ranging from mom-and-pop shops to large hedge funds have been acquiring single-family homes in Memphis at a historic pace.

But determining the long-term impact that investor purchases have made on neighborhoods remains elusive.

25. Bill Extends Tax Breaks for Wind Farms, Filmmakers -

WASHINGTON (AP) – Wind farms, NASCAR tracks and filmmakers would keep their treasured tax breaks as part of an $85 billion package of temporary tax cuts passed by a key Senate committee Thursday.

26. US Service Firms Grow More Quickly, Boost Hiring -

WASHINGTON (AP) – U.S. service firms expanded more quickly last month as new orders rose and hiring increased, a positive sign the economy is rebounding after an unusually cold winter.

27. City, Schools Agree To Mediation on Funding -

The city of Memphis and Shelby County Schools have agreed to an “official mediation process with a third party mediator” to resolve the $57 million claim and judgment the school system has against the city and the $89 million counterclaim the city is pursuing against the school system for capital funding.

28. Council Unhappy With Budget Plans So Far -

The administration of Memphis Mayor A C Wharton Jr. got a rough reception at the Tuesday, April 1, Memphis City Council session as it set the stage for Wharton’s budget proposal to come in two weeks.

29. US Manufacturing Grew More Quickly in March -

U.S. manufacturing grew at a slightly faster pace in March compared with February as factory output recovered from disruptions caused by severe winter weather. Manufacturers also received more orders, suggesting that production could strengthen a bit in the months ahead.

30. Methodist University Hospital Names Liebman New CEO -

Jeff Liebman has joined Methodist University Hospital as chief executive officer. In his new role, Liebman said, he will ensure the hospital continues to be a community resource providing the highest possible quality of care to the community while following the guidelines of the Methodist LeBonheur mission.

31. Owner of Air Trans Warehouse Files Loan -

The owner of the 224,749-square-foot warehouse at 4120 Air Trans Road in Oakhaven has filed a $3.8 million loan on the property.

32. Industrial Portfolio Sells for $43 Million -

4550 Swinnea Road6005 Freeport Ave., 3399 E. Raines Road
Memphis, TN
Sale Amounts: $10.1 million; $14.8 million; $18 million

33. Bares: EPIcenter Effort Targets ‘Scalability’ -

It’s all about “scalability” when it comes to creating new businesses in Memphis, and that means creating ones with a reach beyond the city to customers in other places – customers that more often than not are other businesses, not consumers.

34. Redbirds, AutoZone Park Sales Finalized -

The city of Memphis, the St. Louis Cardinals and the Memphis Redbirds Baseball Foundation have completed the ownership transactions of the Redbirds and AutoZone Park.

Per the agreement, the Cardinals have acquired the Redbirds (their Triple-A farm club), while the city of Memphis has acquired AutoZone Park. The city will lease the ballpark to the Redbirds through a long-term agreement. Included is a substantial, multiseason capital investment in the ballpark.

35. Crowdfunding on Tap for Local Filmmakers -

Since August, retired financial executives from the Memphis chapter of SCORE (Service Corps of Retired Executives) have been working in partnership with leaders from the Memphis-Shelby County Film and Television Commission to start an educational program for filmmakers.

36. Las Vegas Company to Buy Tunica Casino -

Las Vegas-based Full House Resorts has agreed to buy Fitzgerald’s Casino in Tunica, Miss., from Majestic Star Casino LLC.

37. US Economic Growth for 4th Quarter Revised Higher -

WASHINGTON (AP) – The U.S. economy grew at a 2.6 percent annual rate in the October-December quarter, slightly more than previously estimated, as consumer spending rose at the fastest pace in three years.

38. Quality Inn Owner Files $1.5 Million Loan -

The owner of the 130-room Quality Inn at 42 S. Camilla St. in Midtown has filed a $1.5 million loan on the property.

39. School Board Approves $52.6 Million Capital Ask -

Shelby County Schools board members have approved 25 sets of attendance zone changes for the first school year of the demerger and sent a $52.6 million capital “ask” for the current fiscal year to the Shelby County Commission for consideration.

40. Crowdfunding on Tap For Local Filmmakers -

Since August, retired financial executives from the Memphis chapter of SCORE (Service Corps of Retired Executives) have been working in partnership with leaders from the Memphis-Shelby County Film and Television Commission to start an educational program for filmmakers.

41. Las Vegas Company To Buy Tunica Casino -

Las Vegas-based Full House Resorts has agreed to buy Fitzgerald’s Casino in Tunica, Miss., from Majestic Star Casino LLC.

42. School Board to Vote on $52.6 Million Capital Funding -

Shelby County Schools board members take up a $52.6 million capital funding request Tuesday, March 25, that superintendent Dorsey Hopson would take to the Shelby County Commission for funding.

And the board votes as well Tuesday on setting attendance zones for the school year that begins in August – the first school year of the demerger into six suburban school systems as well as a Shelby County Schools system that becomes the city of Memphis and the unincorporated areas of Shelby County.

43. U of M Names Walker Associate Athletic Dir. -

Dr. Adam G. Walker has rejoined the University of Memphis Athletic Department as senior associate athletic director for development. Walker previously served the department as its director of major gifts.

44. US Factory Output Rebounds in February -

U.S. factory output rebounded strongly in February after harsh winter storms caused a steep drop-off in production in January. Manufacturers produced more autos, home electronics and chemicals.

The Federal Reserve said Monday that factory production surged 0.8 percent, nearly reversing a 0.9 percent plunge in January that was due mainly to weather. February’s gain was the largest in six months.

45. Nearly All Major US Banks Pass Fed 'Stress Tests' -

WASHINGTON (AP) – All but one of the nation's 30 largest banks are better able to withstand a severe U.S. recession and global downturn than at any time since the financial crisis, the Federal Reserve has determined.

46. CB Richard Ellis Brokers Four Multifamily Sales -

The multifamily group at CB Richard Ellis Memphis has closed on the sale of four properties in the Memphis market over the last several weeks.

Briar Club Apartments, a 272-unit apartment community constructed in 1985, sold for $8.7 million, or $32,093 per unit. Cinnamon Trails Apartments, a 208-unit apartment community constructed in 1989, sold for $8.6 million, or $41,461 per unit. respectively. CBRE Memphis represented the sellers, Briar Apartments LLC and Cinnamon Apartments LLC in the sale to New York based Briar Club LLC and Cinnamon Trail LLC.

47. Hopson Says Common Core Waiver is Option -

Shelby County Schools could seek a waiver from the state to continue using Common Core state education standards if the Tennessee Legislature suspends the use of the standards.

“As our world changes … this is really where we need to be,” Shelby County Schools superintendent Dorsey Hopson told school board members Tuesday, March 18. “If this is where the country is going – 45 of the states are going – and ultimately all states are going there, I think it really sets our kids back if we say, ‘Well, not you kids. We’re going to wait for a couple of years.’”

48. Memphis Bioworks Leads New Entrepreneurship Venture -

The Memphis Bioworks Foundation has been tapped to lead a new entrepreneurship venture in Memphis called The EPIcenter, the product of one of several so-called moon mission strategies of the Greater Memphis Chamber’s Chairman’s Circle.

49. FedEx Profit Up, But Misses Expectations -

DALLAS (AP) – FedEx Corp. says its latest quarterly profit rose 5 percent from a year ago despite storms that raised the company's costs, but the results were below analysts' expectations.

50. School Board Reviews $52.6 Million Capital Ask, Altered Attendance Zones -

The Shelby County Schools board votes next week on a $52.6 million capital funding ask of the Shelby County Commission designed to get in under the wire before all school funding from the county has to be divided based on average daily attendance including that of the six suburban school districts.

51. Midtown Office Max Sells for $3.9 Million -

An affiliate of Atlanta-based real estate investment firm Core Property Capital has paid $3.9 million for the retail building at 1460 Union Ave. that houses Office Max and Cricket stores.

52. US Factory Output Rebounds in February -

U.S. factory output rebounded strongly in February after harsh winter storms caused a steep drop-off in production in January. Manufacturers produced more autos, home electronics and chemicals.

The Federal Reserve said Monday that factory production surged 0.8 percent, nearly reversing a 0.9 percent plunge in January that was due mainly to weather. February's gain was the largest in six months.

53. Comprehensive Campaigns: Where is the Money? -

We were taken aback when, in casual conversation, an acquaintance blurted out, “Comprehensive campaigns are nothing but a con game.” We listened as he shared his experience of institutions that report campaign success but don’t have the money needed to implement projects laid out as campaign priorities.

54. Richmond Honan Buys Quince Centre for $10 Million -

6555 Quince Road
Memphis, TN 38119
Sale Amount: $10.4 million
Sale Date: March 7, 2014

55. City Council Continues Pension Talks -

Memphis City Council members continue their discussions Tuesday, March 18, about the city’s unfunded pension liability as well as possible changes in city employee heath care benefits.

But there is still no action on any part of the issues on the council agenda for a vote.

56. U of M Names Walker Associate Athletic Director -

Dr. Adam G. Walker has rejoined the University of Memphis Athletic Department as senior associate athletic director for development. Walker previously served the department as its director of major gifts.

57. US Trade Deficit Rose To $39.1 Billion in January -

The U.S. trade deficit widened slightly in January as a rise in imports of oil and other foreign goods offset a solid increase in exports.

The trade deficit increased to $39.1 billion, up 0.3 percent from December’s revised $39 billion deficit, the Commerce Department reported Friday.

58. Rardin Takes Trial Advocacy Training to Liberia -

Assistant Shelby County District Attorney General Kevin Rardin is leaving for Liberia next month for a week of trial advocacy training in the African nation.

For Rardin it is his latest venture in parts of the world with different criminal justice systems or systems that are just forming.

59. Hyde Capital Buys Two Apartment Complexes -

Affiliates of New York-based Hyde Capital LLC have paid a combined $17.3 million for the Briar Club Apartments at 6339 Village Grove Drive in East Memphis and the Cinnamon Trails apartment complex at 6497 Knight Arnold Road in Hickory Hill.

60. County Commission Approves Crosstown Funding -

Shelby County Commissioners approved Monday, March 10, $5 million in county funding for public infrastructure on the $180 million Crosstown redevelopment project.

The 11-1 vote came after it appeared twice that commissioners, including those supporting the funding, were ready to delay the decision for two weeks.

61. Obama Economists: Rosier Picture if Budget Passed -

WASHINGTON (AP) – President Barack Obama's top economists say the nation is on track to make economic progress over the next two years, but say it would do even better if Congress would enact the additional spending he proposed in his most recent budget. A divided Congress in an election year is not likely to heed that call.

62. Campaign Packaging -

Part one of a two-part series. Do you need to raise money for your nonprofit? If you answer “yes,” you are in good company. Fundraising is critical for most nonprofits and it takes time to build relationships that generate the revenue needed to operate.

63. Blast of Winter Weather Can't Faze US Employers -

WASHINGTON (AP) – Brutal winter weather snarled traffic, canceled flights and cut power to homes and factories in February. Yet it didn't faze U.S. employers, who added 175,000 jobs, far more than the two previous months.

64. US Trade Deficit Rose To $39.1 Billion in January -

The U.S. trade deficit widened slightly in January as a rise in imports of oil and other foreign goods offset a solid increase in exports.

The trade deficit increased to $39.1 billion, up 0.3 percent from December’s revised $39 billion deficit, the Commerce Department reported Friday.

65. Triumph Bank Meeting To Highlight Banner Year -

Triumph Bank is holding its annual meeting next month in a locale that’s different from the traditional conference room setting where banks tend to make their yearly presentation to shareholders.

66. Commission to Vote on Crosstown Funding -

Shelby County Commissioners will vote Monday, March 10, on $5 million in public infrastructure funding for the Crosstown redevelopment project.

The commission meets at 1:30 p.m. at the Vasco Smith County Administration Building, 160 N. Main St. Follow the meeting @tdnpols, www.twitter.com/tdnpols.

67. Lot Dearth Problematic for Builders -

A dwindling supply of developed lots could threaten the nascent local homebuilding rebound, according to homebuilders.

“It’s going to eventually sidetrack the recovery because there’s not enough lots being developed to replace the supply,” said Charles Morgan of Vintage Homes LLC.

68. Kroger: Storm Response Helped Boost Sales -

NEW YORK (AP) – Kroger said its ability to keep its supermarkets open and well-stocked as customers rushed to hoard groceries ahead of winter storms helped boost its results in the fourth quarter.

69. Lakecrest II Sells for $4.6 Million -

The Lakecrest II office building in East Memphis has changed hands again.

Southland Primacy LLC acquired the 129,104-square-foot office building at 6055 Primacy Parkway from Jefferson-Pilot Investments Inc. Feb. 28 for $4.6 million.

70. Hopson Talks New School Construction -

Shelby County Schools superintendent Dorsey Hopson said he will seek funding before the new fiscal year that begins July 1 for a new Westhaven Elementary School and possibly two other new schools in southeast and northwest Shelby County.

71. US Home Prices Rose at Solid Pace in January -

WASHINGTON (AP) – U.S. home prices rose in January after three months of declines as a tight supply of properties likely supported prices despite slower sales.

Real estate data provider CoreLogic said Tuesday that prices rose 0.9 percent in January after dipping 0.1 percent in December. Over the past 12 months, home prices have risen 12 percent, the biggest year-over-year gain in more than eight years.

72. Obama 2015 Budget Focuses on Boosting Economy -

WASHINGTON (AP) – President Barack Obama sent Congress a $3.9 trillion budget Tuesday that would funnel money into road building, education and other economy-bolstering programs, handing Democrats a playbook for their election-year themes of creating jobs and narrowing the income gap between rich and poor.

73. Supermarket Wine Sales Bill Headed to Governor -

NASHVILLE (AP) – Legislation that would let voters decide whether their cities or counties allow wine to be sold in supermarkets and convenience stores has been sent to the governor, who is expected to sign the measure into law.

74. Obama Admin Drives Ahead With New Cleaner Gas Rule -

WASHINGTON (AP) – The Obama administration is driving ahead with a dramatic reduction in sulfur in gasoline and tailpipe emissions, declaring that cleaner air will save thousands of lives per year at little cost to consumers.

75. US Manufacturing Boosted by Orders and Stockpiles -

WASHINGTON (AP) – U.S. manufacturing expanded more quickly last month as companies received more orders and boosted their stockpiles.

A measure of production fell to its lowest level in nearly five years, likely a casualty of severe winter weather. But the rise in orders raises the possibility that factory output will rebound in coming months, economists said.

76. Midtown Apartment Building Sells for $840,000 -

199 S. McLean Blvd.
Memphis, TN 38104
Sale Amount: $840,000

Sale Date: Feb. 21, 2014
Buyer: Zaki Holdings LLC
Seller: Colonial House LP
Loan Amount: $140,000
Loan Date: Feb. 21, 2014
Maturity Date: Sept. 1, 2015
Lender: Colonial House LP
Details: The 20-unit multifamily building at 199 S. McLean Blvd. in Midtown has sold for $840,000.

77. Estimated Q4 Economic Growth Rate Cut to 2.4 Percent -

WASHINGTON (AP) – The U.S. economy grew at a 2.4 percent annual rate last quarter, sharply less than first thought, in part because consumers didn't spend as much as initially estimated.

78. Hopes Up for Sunnier US Economy Once Winter Fades -

WASHINGTON (AP) – When the weather warms up, so, too, will the U.S. economy.

That, at least, is the prevailing view of economists, who shrugged off a government report Friday that the economy was weaker last quarter than first thought.

79. I Choose Memphis: Surayyah T. Hasan -

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

Name: Surayyah T. Hasan

80. Consumer Confidence Dips Slightly in February -

U.S. consumer confidence fell slightly in February over concerns about the near-term outlook for business conditions and jobs.

The Conference Board said Tuesday that its confidence index dipped to 78.1 this month, down from 79.4 in January.

81. Le Bonheur Files $9.4 Million Permit for Parking Garage -

Methodist Le Bonheur Healthcare has filed a $9.4 million permit with the city-county Office of Construction Code Enforcement for a parking garage at Le Bonheur Children’s Hospital, 848 Adams Ave.

82. MalmoMemphis Completes Three Law Firm Leases -

Three Memphis law firms represented by MalmoMemphis Real Estate Inc. have renewed their office leases or leased new spaces.

83. School Closings Votes Leave Issues -

Shelby County Schools board members completed Tuesday, Feb. 25, the first half of their actions to prepare the new map of the demerged school system for the academic year that begins in August. And they set the stage for more possible changes in years to come.

84. School Board Approves 10 School Closings -

The Shelby County Schools board voted Tuesday, Feb. 25, to close 10 Memphis schools with the new school year.

But the final plan approved by the board on a split vote and recommended by superintendent Dorsey Hopson gave a one-year reprieve on closing Northside High School, removed Alcy Elementary School from the list completely and keeps Riverview Middle School open but closes neighboring Riverview Elementary School to make Riverview Middle a k-8 school starting next August.

85. Consumer Confidence Dips Slightly in February -

U.S. consumer confidence fell in February over concerns about the near-term outlook for business conditions and jobs.

The Conference Board said Tuesday that its confidence index dipped to 78.1 this month, down from 79.4 in January.

86. Polo Shops Sells for $3.1 Million After Foreclosure -

7444 Winchester Road7464 Winchester Road
Memphis, TN 38125
Sale Amount: $3.1 million

87. School Board to Weigh 13 Closings -

Shelby County School board members could vote Tuesday, Feb. 25, on a set of 13 school closings the board has been considering since last April.

But the final recommendation from Superintendent Dorsey Hopson is likely to be a shorter list.

88. Transcripts Show Fed at Times Slow to Grasp Crisis -

WASHINGTON (AP) – The Federal Reserve agonized in 2008 over how far to go to stop a financial crisis that threatened to cause a recession and at times struggled to recognize its speed and magnitude.

89. Polo Shops Sells for $3.1 Million After Foreclosure -

The Polo Shops retail center on Winchester Road in Southeast Memphis has sold for $3.1 million following a foreclosure.

An entity called TOP11 - 7444 Winchester RD LLC bought the property, whose addresses are 7444 Winchester Road and 7464 Winchester Road, in a Feb. 19 substitute trustee’s deed from R. Spencer Clift III of Baker, Donelson, Bearman, Caldwell & Berkowitz PC.

90. Breaking Through -

If it was just an abstraction or a mere theory, it wouldn’t have a definition in the dictionary or a website. It would simply be another urban myth.

But with a few keystrokes you can go right to www.glassceiling.com. And the dictionary definition of “glass ceiling” is tangible – “an unfair system or set of attitudes that prevents some people (such as women or people of a certain race) from getting the most powerful jobs.” In fact, you can almost see a woman stuck in middle management, briefcase in hand, staring up at that glass ceiling and wondering: Where do I find the ladder that gets me from here to there?

91. Sector Capital Management Independent Again -

Three years after its acquisition by Argent Financial Group, Memphis-based Sector Capital Management is an independent company again.

Sector CEO Reed Walters led the negotiations to buy back the wealth management firm in the wake of Louisiana-based Argent going on something of an acquisition spree in recent years. Sector also has relocated from Argent’s office at The Crescent Center to the Atrium I building at 6800 Poplar Ave.

92. Butler Sevier Law Firm Expands Downtown -

Butler, Sevier, Hinsley & Reid PLLC law firm has expanded its presence at 88 Union Ave.

93. US Housing Construction Down 16 Percent in January -

WASHINGTON (AP) – U.S. home construction fell in January for a second month but the weakness in both months reflected severe winter weather in many parts of the country. The expectation is that housing will deliver another year of solid gains, helped by an improving economy.

94. Fed Minutes Point to Continued Paring of Stimulus -

WASHINGTON (AP) – Federal Reserve officials agreed at their January meeting that further gradual reductions in their stimulus would be appropriate as long as the economy keeps improving.

95. Three Town Center Concepts Take Shape -

The city of Memphis would move government offices into two shopping malls and the Soulsville Town Center under tentative “conceptual” plans Memphis Mayor A C Wharton Jr. took Tuesday, Feb. 18, to the Memphis City Council.

96. Council Tours Pyramid, Weighs City Offices In Two Malls -

Memphis City Council members heard Tuesday, Feb. 18, that the administration of Memphis Mayor A C Wharton Jr. wants to move some city government offices into the Soulsville Town Center in South Memphis and is weighing whether to renovate or tear down and build anew on the site of the Southbrook Mall in Whitehaven.

97. Reedy Thriving As Housing Investments Skyrocket -

Jim Reedy began selling real estate in 1976 while he was a student at the University of Memphis, and within three years, he moved into selling investment properties.

98. Jos. A. Bank Buying Eddie Bauer in $825 Million Deal -

After months of flirting with the idea of combining with a rival, Jos. A. Bank has decided it is better suited for another men's clothing brand.

99. Net Leases – Explained -

Many retail and industrial leases are structured as net leases, but what does “net lease” mean?

A “net lease” is a lease transaction in which the landlord receives a monthly payment composed of two items: first and foremost is the rent, net of the property operating expenses and secondarily a portion of real estate taxes upon the property, casualty/liability insurance upon the property and common area expenses for the property.

100. Caissa Public Strategy Opens DC Office -

Fueled by a demand for the specialized services it provides, Memphis-based consulting firm Caissa Public Strategy has expanded with the opening of a new office in the nation’s capital.

Caissa founder Brian Stephens said the reason for the expansion there isn’t necessarily obvious. Caissa didn’t hang out its shingle in Washington to focus on landing new work there – instead, the new office is intended to help Caissa have better relationships with its clients there who need work done in the South.