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Editorial Results (free)

1. City of Memphis, EPIcenter Get $50,000 for Startup Efforts -

When Walter Perry, director of the U.S. Small Business Administration’s Tennessee district office, joins other SBA staff in presenting Memphis officials Wednesday, Sept. 2, with a $50,000 Start Small Model prize, the ceremony will be more than a perfunctory civic affair.

2. Memphis’ Town Center Trio Concept Takes Double Hit -

Two of the three town centers envisioned by Memphis Mayor A C Wharton are going in different directions with a recent court ruling and an auction.

The city of Memphis lost its bid to acquire the Raleigh Springs Mall by eminent domain as The New Towne Center at Soulsville was sold at auction Thursday, Aug. 27.

3. New Logistics Accelerator Gets Under Way -

A new logistics-focused business accelerator has launched in Memphis.

Five teams are participating in the 14-week 2015 EPIcenter Logistics Innovation Accelerator, which is sponsored by FedEx and got under way Monday, Aug. 17.

4. New Logistics Accelerator Gets Under Way -

A new logistics-focused business accelerator has launched in Memphis.

Five teams are participating in the 14-week 2015 EPIcenter Logistics Innovation Accelerator, which is sponsored by FedEx and got under way Monday, Aug. 17.

5. Ballet Memphis Closes On French Quarter Suites Purchase -

2144 Madison Ave.
Memphis, TN 38104

Sale Amount: $4.2 million

Sale Date: Aug. 6, 2015

6. Problem Properties -

Memphis has a crippling issue with blight, and one nonprofit is front and center with changing the culture that led to the city’s inundation of abandoned properties and lots.

Neighborhood Preservation Inc. was founded in 2012 as a court-appointed receiver of properties taken away from neglectful owners. Over the years, it has evolved to become a robust advocate for stronger legislation and development tools to deal with problem properties.

7. Ballet Memphis Closes On French Quarter Inn -

Ballet Memphis has closed on its purchase of the French Quarter Inn in Overton Square for $4.2 million.

The seller, NCE Realty and Capital Group LLC of California, had owned the 34,0000-square-foot hotel at the northeast corner of Madison Avenue and Cooper Street since December 2013, when it purchased the property for $1.9 million.

8. 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.

9. Jernigan Sees Big Market for Company He's Moving to Memphis -

Dean Jernigan spent the better part of a roughly 40-minute earnings presentation to analysts early Wednesday, Aug. 12, detailing not just the latest quarterly results for his newly public company, Jernigan Capital, but also why it exists in the first place.

10. Jernigan Capital Moving HQ to Memphis -

Dean Jernigan, the founder of Storage USA and a businessman with deep ties to Memphis, is preparing to move the headquarters of his newly public company, Jernigan Capital, to Memphis.

11. Ballet Memphis Closes On French Quarter Inn -

Ballet Memphis has closed on its purchase of the French Quarter Inn in Overton Square for $4.2 million.

The seller, NCE Realty and Capital Group LLC of California, had owned the 34,0000-square-foot hotel at the northeast corner of Madison Avenue and Cooper Street since December 2013, when it purchased the property for $1.9 million.

12. MIFA’s Feed the Soul Fundraiser Is ‘Memphis At Its Finest' -

Each year after MIFA’s Feed the Soul event, Sally Jones Heinz has the same thought.

“You come to this party and it really is Memphis at its finest,” said Heinz, executive director of the Metropolitan Inter-Faith Association. “It’s such a diverse group of people having a really good time. Every year after the party’s over, I think this is how it needs to be – Memphis all together.”

13. $9.5 Million Permit Filed For Downtown Hotel -

310 Union Ave.
Memphis, TN 38103

Permit Cost: $9.5 million

Permit Date: Applied August 2015

14. Best Hotel Rooms in Nashville – With or Without Helicopter -

Tod Roadarmel, director of sales and marketing for the nearly 2-year-old Omni Hotel downtown, is awestruck by the vitality of Nashville’s hospitality industry. In town since 1988, he remembers when pre-Bridgestone Arena Broadway was not a place you’d want to be late at night.

15. Lenox Park Courtyard Sells for $8.1 Million -

The Lenox Park Courtyard by Marriott, at 3076 Kirby Parkway in East Memphis, has sold for $8.1 million.

16. Lenox Park Courtyard Sells for $8.1 Million -

The Lenox Park Courtyard by Marriott, at 3076 Kirby Parkway in East Memphis, has sold for $8.1 million.

17. South Junction Expansion Plans Go Public -

A second phase of the South Junction apartments goes before the Downtown Memphis Commission Design Review Board Wednesday, Aug. 4.

The set of seven three-story apartment building was added to the agenda of the review board Monday afternoon.

18. Cadence Bank Supports Memphis Organizations with Direct, Indirect Aid -

Banks are important community institutions not just for the services they provide – consumer loans, small business financing, etc. – but also for the investment they make in communities.

Such investments include the one announced by Cadence Bank recently, a six-figure equity-equivalent investment to River City Capital to support its Small Business Loan Fund.

19. 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.

20. Orders For US Durable Goods Jump 3.4 Percent in June -

WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods posted a sizable gain in June, but the advance was fueled by higher demand for commercial aircraft. Outside of this volatile category, a key category that represents business investment rose by a far more modest amount.

21. 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

22. 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.

23. Cheaper Fuel Helps Southwest, United Post Record 2Q Profits -

DALLAS (AP) — Cheaper fuel and full planes are adding up to record airline profits, and the carriers are sharing the bounty with stockholders.

They're finally even giving passengers a break on fares.

24. East of Cleveland -

Consultants for the Memphis Area Transit Authority are exploring an extension of the Madison Avenue trolley line east of Cleveland Street to Overton Square and North Cooper Street.

It is one of seven Midtown routes the transit authority might change or enhance with a bus rapid transit concept that involves fewer stops, fewer turns off main thoroughfares and shorter travel times.

25. Dunavant Bulks Up in Memphis, Texas -

Richard McDuffie was busy working in his East Memphis office when a company representative delivered the news.

26. 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.

27. 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.

28. Biomedical Company Expanding in Southeast Memphis -

Cognate Bioservices Inc. is launching a 32,500-square-foot expansion at its manufacturing facility at 4600 E. Shelby Drive in southeast Memphis near Lamar Avenue.

29. 6 Things to Know When Writing a Proposal -

Summer reading is highlighted in Oprah and other magazines each year. A good read is great to enjoy on the beach or curled up on a lawn chair. But what about a good summer write?

That’s right – start writing now to help the money come in at the end of the year, or perhaps next spring. That’s how it’s done. Writing proposals now prevents future complaints such as, “How can I write that proposal in just three days?” It’s called planning ahead.

30. Local Green News Piles Up, From Shelby Farms to CBU -

Chelsea Avenue Floodwall Becomes ‘Permission Wall’: The city’s renaissance of murals is taking a different form on the section of North Memphis floodwalls that are a border of sorts for the still developing Chelsea Greenline.

31. New Hotel Planned for Downtown Memphis -

Two Ohio-based development firms plan to build a new hotel on a vacant site in Downtown Memphis.

The Orlean Co. of Beachwood, Ohio, and Ceres Development LLC of Westlake, Ohio, plan on building a Cambria Suites on a 3.3-acre lot on the south side of Union across from Fourth Street, just west of Danny Thomas Boulevard.

32. 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.

33. Phillip Rogers Joins Wunderlich Wealth Management -

Phillip Rogers recently joined the Wunderlich Wealth Management office in Memphis as a managing director and financial adviser. Rogers’ financial services practice is focused on the needs of high net worth individuals, as well as endowments and foundations. He applies his background in and knowledge of the fixed income capital markets to extend an institutional level of expertise to individual investors.

34. Growth in US Services Firms Rises in June -

WASHINGTON (AP) – U.S. service firms grew at a slightly faster pace in June, as business activity and new orders increased.

The Institute for Supply Management said Monday that its services index edged up to 56 in June from 55.7 in May. Any reading over 50 indicates that services firms are expanding.

35. Cycling Ahead -

Unless you've seen the ubiquitous stations in cities like Knoxville and Nashville, it's difficult to imagine how bike sharing could connect Memphis.

Tourists and citizens can check out a bike on a per-ride or membership basis and return it to a separate station when they've reached their destination.

36. 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.

37. US Manufacturing Growth Improves in June; Hiring Jumps -

WASHINGTON (AP) – U.S. manufacturing growth improved in June, helped by a jump in employment.

The Institute for Supply Management, a trade group of purchasing managers, said Wednesday that its manufacturing index rose to 53.5 last month from 52.8 in May. Manufacturing activity matched January's level for the highest this year. Any reading above 50 signals expansion.

38. New Forrest Front -

The political battle over an equestrian statue of Nathan Bedford Forrest and the park that houses it has opened a new front.

39. Graceland Hotel Developers File $84 Million Construction Loan -

3600 Elvis Presley Blvd.
Memphis, TN 38116
Loan Amount: $84 million

40. Developers Still Interested In Midtown Hotel -

Yes, the development team that had proposed replacing the French Quarter Inn at Overton Square is selling the property to Ballet Memphis, which plans on building a new performance center there.

But they say they still want to build a hotel in Midtown, according to a statement they provided to Brenda Solomito Basar, owner of Solomito Land Planning.

41. Business in Politics -

One of the first things Shea Flinn noticed when he left the Memphis City Council this year was that benches for audience members in the council chamber are less comfortable than council members’ seats.

42. Developers Still Interested in Midtown Hotel -

Yes, the development team that had proposed replacing the French Quarter Inn at Overton Square is selling the property to Ballet Memphis, which plans on building a new performance center there.

But they say they still want to build a hotel in Midtown, according to a statement they provided to Brenda Solomito Basar, owner of Solomito Land Planning.

43. Pinch Building Permit Moratorium Delayed -

A proposed 120-day moratorium on new building permits in the Pinch District was delayed at Tuesday’s special session of the Memphis City Council.

Council member Berlin Boyd proposed the moratorium to consider some kind of larger development plan for the area east of The Pyramid. But Boyd delayed a council vote on the matter until the group’s July 7 meeting and committee sessions.

44. Ballet Memphis Turns to Overton Square -

Scratch those plans for a new Hotel Overton where the French Quarter Inn now sits in Overton Square.

Ballet Memphis has a sales contract on the property at the northeast corner of Madison Avenue and Cooper Street and plans to build a new two-story structure fronting on Madison with parking in the rear and on the eastern end.

45. AP Analysis: More 'Phony Numbers' in Reports as Stocks Rise -

NEW YORK (AP) – Those record profits that companies are reporting may not be all they're cracked up to be.

As the stock market climbs ever higher, professional investors are warning that companies are presenting misleading versions of their results that ignore a wide variety of normal costs of running a business to make it seem like they're doing better than they really are.

46. Involvement in Honor Flights an Honor for Mannis -

By creating HonorAir Knoxville, Eddie Mannis has brought joy to thousands of American war veterans and learned more than a little about his own character.

For the last eight years, the organization has honored veterans with free flights to the nation’s capital.

47. Memphis Banks Report Modest First Quarter -

Absent a few individual challenges, Memphis-area banks as a collective gave off encouraging signs about their health and outlook in the first quarter, according to Federal Reserve figures.

Some of the most important metrics, like profitability, always come with a reminder by regulators that any change in performance at First Tennessee Bank, Memphis’ largest bank, can overshadow results at the rest of its smaller peer institutions. That was certainly true in the first quarter, when First Tennessee’s parent company took a loss, driven by a mortgage-related legal settlement, which resulted in the bank showing almost $65 million worth of red ink for the quarter.

48. Tesla Motors Co-Founder Wants to Electrify Commercial Trucks -

SAN JOSE, Calif. (AP) – Twelve years ago, Ian Wright and some fellow engineers launched Tesla Motors, a Silicon Valley company that has helped jumpstart the market for electric cars.

49. Prepare for Takeoff -

At Southern Airways Express’ hub in a Memphis International Airport executive terminal, movement is at a peaceful lull.

There are no loudspeaker announcements or TSA check-in points. Patrons sip complimentary coffee. The lobby opens right onto the tarmac where a fleet of 9-passenger Cessna 208 Caravan jets land about 12 times daily.

50. 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

51. Paragon Bank Reports Highlights, Decisive Turn at Annual Shareholders Meeting -

2014 proved a milestone year for Paragon Bank: The now 10-year-old institution saw a few decisive changes, the bank’s leadership reported at its annual shareholders meeting in recent days.

52. Oak Park Apartments Demolition Latest in Blight Campaign -

The group of Memphis leaders and Glenview-area homeowners standing in a parking lot last week surrounded by the shells of two two-story apartment buildings and the charred foundation of a third paused for a moment.

53. Cutting-Edge Creations -

Over a selection of beverages and light hors d’oeuvres at a recent gathering, a group of entrepreneurs and startup teams held court at the Memphis Bioworks Foundation for a networking session, introduced themselves to the community and got a general welcome to Memphis.

54. Death to Reply-All -

In the past two decades, the way we communicate has completely changed. Twenty years ago, email was somewhat of a novelty. Today, it’s a necessity.

It’s often more important you have access to your email than your office, or even your phone. Along with changes in our methods have come updates to the etiquette we use to communicate. When it comes to email, it’s important to pay attention to the unspoken rules to effectively get your message across.

55. School’s End -

When Catholic Bishop Terry Steib put on a hardhat a week ago to break ground on the Immaculate Conception Cathedral School’s new $4.2 million Cathedral Center, he had the attention of the school’s youngest students.

56. Southbrook Tests Wharton Administration Shake-Up -

It didn’t take very long for the city of Memphis’ new chief administrative officer to make a tough call.

And when Jack Sammons came down on the side of pulling back city funding for Southbrook Mall, political allies and foes of Mayor A C Wharton Jr. watched to see if he would go along with the decision.

57. Southbrook Mall Funding Put On Hold By Wharton -

City funding for renovations at Whitehaven’s Southbrook Mall is off at least for now, Memphis Mayor A C Wharton Jr. said Thursday, May 14, signaling more time in limbo for the controversial project.

58. 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.

59. Nashville Emerging ‘As a Regional Tech Leader’ -

Two very different startups speak volumes about how much the Nashville venture capital scene has changed over the years and how things are still evolving.

When Franklin-based Cybera began with three employees in 2001, it set up voice and data networks for small to medium-sized companies, using leased space on traditional telecom companies’ high-speed digital subscriber lines.

60. Investors Pumping Hundreds of Millions Into Tennessee Startups -

The assignment sounded simple enough: Find out whether more money is coming into Nashville for startups.

If so, where is it coming from and what does it means to entrepreneurs, investors and the rest of us?

61. Beale Street Board to Tackle District Plans, Future -

Jeff Sanford has spent much of the past five years consulting on redevelopment projects in other cities.

But Sanford – who stepped down from his post as president of the Center City Commission, now the Downtown Memphis Commission, in 2010 – hasn’t found another entertainment district comparable to Memphis’ most famous street.

62. Cannabis Oil Bill Could Lead to More ‘Evil Weed’ Wins -

Logan and Stacie Mathes were on "pins and needles" as they waited for Gov. Bill Haslam to sign legislation into law allowing cannabis oil to be used to treat seizures and similar medical problems in Tennessee.

63. Larger Hotel Overton To Replace French Quarter Inn -

The idea of an Overton Square hotel has long been a part of plans for the Midtown entertainment district, which marks the 45th anniversary of its founding this month.

Seven years after the district’s first hotel, the French Quarter Inn, closed its doors for good, there are plans for a new five-story, 134-suite Hotel Overton on the same northeast corner of Madison Avenue and North Cooper Street.

64. Avondale Partners Expands Into Memphis -

Avondale Partners, a Nashville-based boutique investment banking and wealth management firm, has opened a new office in Germantown with John Santi heading up the location as managing director.

The new office brings to the Mid-South investment banking and equity research focused on the health care, transportation, logistics and business services sectors as well as a fiduciary investment practice for individuals and institutions.

65. Will Tennessee Republicans Ever Be Truly Happy? -

Why aren’t Tennessee Republicans happier?

With the GOP so dominate in the Tennessee General Assembly and losses so rare – on the Hill or in elections – the party’s lawmakers should be jubilant with this year’s session. But it’s never enough.

66. First Horizon National Reports $76.7 Million Loss in First Quarter -

Driven by a mortgage-related legal settlement announced in recent days, First Tennessee Bank’s parent company swung to a loss for the first quarter of 2015.

67. First Horizon Reports Q1 Loss -

Driven by a mortgage-related legal settlement announced in recent days, First Tennessee Bank’s parent company swung to a loss for the first quarter of 2015.

68. Loeb Sees Activity at Executive Square -

Loeb Properties has picked up a new lease and a lease renewal inside the Executive Square development in East Memphis.

BoCo Health Services signed a new lease for 1,007 square feet in Suite 103 at 5575 Poplar Ave. In addition, Sunshine Corp. renewed its 1,075-square foot lease in Suite 420.

69. 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

70. Pinnacle Awards Honor Commercial Real Estate Standouts -

The local commercial real estate community gathered at the Memphis Botanic Garden Thursday, April 9, for the 14th annual Pinnacle Awards. Every year, the Memphis Area Association of Realtors Commercial Council honors its members based on their transactional volume, merit and community activity.

71. Fed Minutes: Officials Split Widely on Rate Hike Timing -

WASHINGTON (AP) – Fed officials disagreed widely when they met last month on when they would be ready to lift interest rates from record lows.

Minutes of the March 17-18 meeting released Wednesday reveal that several policymakers predicted a rate hike in June, while others concerned about low inflation didn't think a rate hike would be warranted until later this year. Still others said the economy wouldn't be strong enough for an increase until 2016.

72. Scarboro Takes Reins at Regional Fed -

Douglas Scarboro has been named regional executive of the Memphis Branch of the Federal Reserve Bank of St. Louis. In that role, Scarboro is responsible for working with business leaders and local communities in western Tennessee, northern Mississippi and eastern Arkansas to inform the setting of monetary policies.

73. US Service Firms Grew at Slightly Slower Pace Last Month -

WASHINGTON (AP) – U.S. service firms expanded at a slightly slower yet still healthy pace in March, an encouraging sign after multiple reports last week pointed to a slowing economy.

The Institute for Supply Management said Monday that its services index slipped to 56.5 last month, from 56.9 in February. Any reading over 50 indicates expansion.

74. Highland Capital Management Merges With Florida Firm -

Memphis-based investment firm Highland Capital Management has merged with a Florida-based financial firm.

Highland Capital has acquired the assets of ICC Capital Management, a combination that increases client assets under management at Highland to $2.8 billion. As a result, Highland’s parent company, Louisiana-based wealth management firm Argent Financial Group, is now responsible for client assets of more than $11 billion.

75. HJ Heinz Buys Kraft To Build $28 Billion Food Giant -

NEW YORK (AP) – Some of the most familiar names in ketchup, pickles, cheese and hot dogs are set to come under the same roof after H.J. Heinz Co. announced plans Wednesday to buy Kraft and create one of the world's largest food and beverage companies.

76. USDA Proposes Definition of Farming, Limiting Some Subsidies -

WASHINGTON (AP) – The government is revising its definition of what it means to farm, meaning some people who receive farm subsidies but don't do any of the work would receive less government cash.

77. Paragon Bank Celebrates 10-Year Milestone in 2015 -

Paragon Bank is blowing out a milestone candle on its birthday cake this year.

The Memphis-based bank is celebrating its 10th anniversary, and to coincide with that it’s planned a yearlong #10for10 campaign that features a number of celebratory events the bank has planned in honor of its anniversary and community-focused mission.

78. Middle Tennessee Mayors Push for Gas Tax Increase -

A lot has changed in Middle Tennessee’s cities, towns and communities since 1990. Tennessee’s fuel tax has not.

The Middle Tennessee Mayors Caucus met at the end of 2014 and took a hard look at how the state’s gas and fuel tax, which provides funding for transportation improvement, is stuck in 1990. Meanwhile, mayors are dealing with the realities of serving a fast-growing and booming region in 2015.

79. Space Race -

Businesses looking for office space in Nashville are learning a painful lesson that homebuyers already know – prices are high, and if you take time to shop around for a better deal, someone else is likely to snap up the property, leaving you out in the cold.

80. Wave of New Retail Construction Boosts Contractors -

Retail development in the Memphis area is booming in what construction and retail officials describe as the most active period for retail construction since the recession, with everything from a massive outlet mall in Southaven to grocery stores and smaller, traditional retail centers going up.

81. Tennessee Conservatives Launch Death Penalty Opposition -

A statewide coalition working to eliminate the use of capital punishment is helping establish a conservative group also against the death penalty.

Tennesseans for Alternatives to the Death Penalty is working with Conservatives Concerned About the Death Penalty, a national network of political and social conservatives questioning the alignment of capital punishment with conservative principles and values.

82. Southbrook Project Resurfaces Again -

The owners of Southbrook Mall got $1.5 million in improvements from City Hall this week. But it wasn’t the $1.5 million the owners of the Whitehaven mall wanted in 2012, when the city contemplated giving them that sum to fix the roof and make repairs to the mall’s heating and air conditioning system.

83. Eliminating Hall Income Tax Raises New Problems -

Republican lawmakers are lining up legislation to reduce or phase out Tennessee’s Hall income tax on investments, even though Gov. Bill Haslam is concerned about losing revenue amid the state’s economic ups and downs.

84. Council Delays Financial Votes, Approves Beale Street Authority -

Memphis City Council members approved a $4.5 million advance Tuesday, March 3, for the Memphis Area Transit Authority to get past a cash flow problem.

But the council delayed for two weeks a vote on a larger mid-fiscal year budget adjustment for city government in general.

85. Memphis Industrial Portfolio Sells for $86.3 Million -

A Minnesota-based real estate investment trust has acquired a large Memphis industrial portfolio for $86.3 million, one of the largest transactions ever recorded in the Memphis market.

Welsh Property Trust acquired the six-building, 2.3 million-square-foot portfolio from DCT Industrial Trust in a sale that was finalized last week. Built between 1998 and 2001, the six buildings are located in the Eastpark, Chickasaw and Southpoint Industrial Parks. The purchase price breaks down to about $37 per square foot.

86. Memphis Industrial Portfolio Sells for $82.6 Million -

A Minnesota-based real estate investment trust has acquired a large Memphis industrial portfolio for $82.6 million, one of the largest transactions ever recorded in the Memphis market.

Welsh Property Trust acquired the six-building, 2.3 million-square-foot portfolio from DCT Industrial Trust in a sale that was finalized last week. Built between 1998 and 2001, the six buildings are located in the Eastpark, Chickasaw and Southpoint Industrial Parks. The purchase price breaks down to about $37 per square foot.

87. Goldman Sachs ‘Confident’ in Memphis -

In April, Rachel Diller, managing director of the urban investment group at Goldman Sachs, received a phone call in her New York office from officials at Phoenix-based Dudley Ventures.

The executives at Dudley Ventures, which specializes in large tax-credit supported projects, were arranging financing for the $200 million effort to transform the old Sears Crosstown property and wanted to know if the New York-based investment bank was interested.

88. Paragon Bank Closes the Book on Busy 2014 -

Paragon Bank has closed the book on 2014, an active year for the bank with milestones that included, among other things adding a wealth solutions team, executing new leases for two banking centers and forming a small business capital group.

89. The ABCs of Decision Leadership -

When we, as managers, delegate decision-making authority, we don’t delegate accountability because we cannot. And lest we forget, one bad decision, in the face of uncertainty, can destroy so much value.

90. Crone Promoted at Trane Mid-South -

Jim Crone has been promoted to comprehensive solutions business development manager with Trane Mid-South. In his new role, Crone will work with large commercial, industrial and institutional customers throughout the Mid-South to develop performance-based comprehensive solutions for capital improvements and operational efficiencies.

91. Raleigh Springs Mall Tests Town Center Concept -

The idea that a declining shopping mall can be redeveloped and reinvigorated as a “town center” with local government offices as a catalyst for private developers appears to be on its way to a meeting with reality.

92. Council Critical of Wharton Debt Restructuring -

First reviews from Memphis City Council members Tuesday, Feb. 17, to Memphis Mayor A C Wharton’s plan to restructure the city’s debt payments were harsh and skeptical.

Wharton wasn’t present in council committee sessions Tuesday as council member Jim Strickland played audio of Wharton in 2010 telling council members that the restructuring of city debt then was a “plain vanilla” transaction.

93. New Entrepreneurship Group Taps First President -

The Memphis Bioworks-led entrepreneurship initiative EPIcenter has tapped a nationally recognized entrepreneurship and business development leader to serve as its first president.

Leslie Lynn Smith comes to the job after five years as president and CEO of TechTown Detroit. She'll also serve as a vice president on the Bioworks executive team.

94. Memphis Leading Cities In Women-Led Startup Programs -

As a female serial entrepreneur, I experienced firsthand both the challenges and the opportunities of building a technology startup as a woman.

I started my entrepreneurial journey in 2004 and in 2013 joined Start Co. as an entrepreneur-in-residence because of the community’s focus on inclusion and empowerment of women. With the support of LaunchTN, City of Memphis, Assisi Foundation, FedEx, Start Co. Angels, and local partners like Baker Donelson, archer-malmo, The Marston Group and others, as a community we can see the impact and success of our acceleration and inclusion programs for women.

95. Crosstown Crossroads -

Richard Spore and his colleague at the Memphis office of the Bass Berry & Sims law firm have worked on several ambitious, game-changing projects like the transformation of Overton Square and Bass Pro Shops’ redevelopment of The Pyramid.

96. Lakeland Prep Land Purchase Takes Another Step -

Lakeland Schools board members hired architects and planners Monday, Feb. 9, to begin design work on a new Lakeland Prep grade 6-12 school to open in August 2017.

And the school system is poised to buy the 94 acres of land with $1 million from their $1.5 million reserve fund after the Shelby County Commission delayed earlier in the day Monday a shift of county capital funds for the purchase of the land north of U.S. 70 and east of Canada Road.

97. The ‘Carnegie Hall or Bust’ Fundraiser, Part 2 -

Dr. Todd Robinson is a Navy pilot and flight surgeon, author, film producer, University of Tennessee Health Science Center alumnus and faculty member, and a practicing Memphis physician. He is an M.D. and a Ph.D. But until now there was one area in which he had no experience: fundraising.

98. More Tax Incentive Changes Likely -

Shelby County Mayor Mark Luttrell made the argument last week in his State of the County speech that local economic development and economic recovery is not the singular pursuit of jobs.

99. US Services Firms Grew at Slightly Faster Pace in January -

WASHINGTON (AP) – U.S. services firms grew at a slightly faster pace in January, led by hotels, restaurants and financial firms.

The Institute for Supply Management said Wednesday that its services index rose to 56.7 in January, up a small amount from a revised reading of 56.5 in December.

100. Shelby Farms Conservancy Seeks $7.2 Million in Permits -

6093 N Patriot Lake Blvd.
415 E. Patriot Lake Blvd.
Memphis, TN 38118
Permit Amount: $7.2 million