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Editorial Results (free)

1. Winners and Losers in Tennessee Legislative Session -

Here is a list of some of the winners and losers of the legislative session that concluded on Thursday.

The following bills passed this session:

— ANNEXATION: Bans cities from annexing land without a referendum. HB2371.

2. Cates, Kornegay Look to Future While Honoring Colliers’ Past -

The memory is scorched in Andy Cates’ mind.

It was 2005 and Cates, just 29 years old at the time, was being made a partner at Colliers International Memphis, the commercial real estate firm.

3. Winners and Losers in Tennessee Legislative Session -

Here is a list of some of the winners and losers of the legislative session that concluded on Thursday.

The following bills passed this session:

– ANNEXATION: Bans cities from annexing land without a referendum. HB2371.

4. Commercial Real Estate Sales Up 6.1 Percent In March -

Shelby County recorded 208 commercial real estate sales in the first quarter, according to real estate information company Chandler Reports, www.chandlerreports.com.

5. St. Jude Files Permits for $25 Million Garage -

St. Jude Children’s Research Hospital has filed a pair of building permits with the city-county Office of Construction Code Enforcement for a $25 million parking garage on its Downtown campus.

6. Foreclosures Continue Fall in First Quarter -

Foreclosure activity is one of those things where even declines are not as always universally cheered.

In Shelby County, 760 residential foreclosures were filed during the first quarter, according to real estate information company Chandler Reports, www.chandlerreports.com. That’s down 24 percent from 1,000 residential foreclosures during the first quarter of 2013.

7. 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.

8. Aghabeg Joins Gateway Group as Controller -

Angela Aghabeg has joined temporary staffing and executive search firm Gateway Group Personnel as controller. In her new role, Aghabeg is responsible for the maintenance and accuracy of the general ledger and compliance with governmental reporting requirements and tax filings. She also is accountable for compiling historical and current data and financial records and preparing monthly financial statements for analysis and projections.

9. The Business Case for Investing in Green Space -

Editor’s Note: This column will appear Tuesdays through April in honor of Sustainability Month for Memphis and Shelby County.

During 2013 the Greater Memphis Chamber formed the Chairman’s Circle, a group of over 100 Memphis business leaders organized to push for action on key issues to accelerate the regional economy. Early in the life of the organization we created “moon missions,” which are coordinated efforts to truly transform our community.

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. Feed the Imagination -

SHOPPING FOR SOMETHING DIFFERENT. The courtyard you’re in was once stacked with wooden cases, the food trucks you see were once mule-drawn wagons waiting to load those cases, the locally-brewed beer you’re sipping the reincarnation of what filled them, the live music you hear covering the century-old echoes of the South’s once busiest brewery – the Tennessee Brewery.

12. Report: Exchanges Yield More Specialty Drug Claims -

Patients from the health care overhaul's new insurance exchanges have been more likely to use expensive specialty drugs for chronic conditions, according to data from the nation's largest pharmacy benefits manager.

13. Events -

Kiwanis Club of Memphis will meet Wednesday, April 9, from noon to 1 p.m. at The University Club of Memphis, 1346 Central Ave. George Cogswell, publisher of the Commercial Appeal, will speak. Cost is $18 for nonmembers.

14. Stephens Joins Maintenance Team at Commercial Advisors -

Timothy Stephens has joined Cushman & Wakefield/Commercial Advisors as a maintenance mechanic at One Commerce Square. In his new role, Stephens will performing plumbing, painting and general maintenance services.

15. Pahlow Wins Broker of the Year -

After enduring early struggles in his commercial real estate career, Scott Pahlow has reached the top of his industry.

Pahlow, an executive vice president with Newmark Grubb Memphis, was named Commercial Broker of the Year Thursday night at the Memphis Area Association of Realtors Commercial Council’s 13th annual Pinnacle Awards gala.

16. Growing Demand for US Apartments Pushing Up Rents -

These are good times for U.S. landlords. For many tenants, not so much.

With demand for apartments surging, rents are projected to rise for a fifth straight year. Even a pickup in apartment construction is unlikely to provide much relief anytime soon.

17. US Trade Deficit Hits $42.3 Billion in February -

WASHINGTON (AP) – The U.S. trade deficit climbed to the highest level in five months in February as demand for American exports fell while imports increased slightly.

The deficit increased to $42.3 billion, which was 7.7 percent above the January imbalance of $39.3 billion, the Commerce Department reported Thursday.

18. Restivo Group Moves to New Midtown Digs -

The Restivo Group Realtors has expanded into new offices at 1861 Madison Ave. in the landmark Gilmore Building.

19. 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

20. Berger Withdraws From Commission Race -

In a somewhat abrupt turnaround, Memphis businessman Taylor Berger has decided to withdraw his candidacy for the Shelby County Commission about a month after announcing his intent to run for the District 5 seat.

21. ServiceMaster Files for IPO -

ServiceMaster Global Holdings Inc., the parent company of The ServiceMaster Co., announced Monday, March 24, it has filed with the U.S. Securities and Exchange Commission for an initial public offering of its common stock.

22. Employers, Workers Navigate Compliance Rules -

As a certified health care reform specialist, Tim Finnell can stand back and from a distance say the Affordable Care Act does not really have a beginning and an end.

“There will never be final rules,” said Finnell, the president and founder of Group Benefits LLC. “Everything’s going to keep changing.”

23. 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.

24. Plans Coming Together for Tennessee Brewery Untapped -

Plans are taking shape for the six-week “temporary activation” project coming to the Tennessee Brewery at 495 Tennessee St., an initiative starting in late April that will be called “Tennessee Brewery Untapped.”

25. ServiceMaster Files for IPO -

ServiceMaster Global Holdings Inc., the parent company of The ServiceMaster Co., announced Monday, March 24, it has filed with the U.S. Securities and Exchange Commission for an initial public offering of its common stock.

26. Old Venice Pizza Owner Files Loan on Property -

The owner of the Old Venice Pizza Co. at 368 Perkins Road Extended in East Memphis has filed a $1.1 million loan on the property.

27. Magna Bank Posts Positive 2013 Results -

Magna Bank enjoyed a strong 2013, with newly released results for the year including a 40 percent gain in net income from 2012 to 2013.

28. Hilton Garden Inn Planned for Former Bus Station -

A Knoxville-based hospitality company has closed on the purchase of the vacant Greyhound facility Downtown and will transform the property into a Hilton Garden Inn.

Turkey Creek Hospitality completed the $1.7 million purchase of the 1.3-acre property Tuesday, March 18, and will bring a 140-room Hilton Garden Inn to the heart of Downtown Memphis. Hank Martin and Elliot Embry with NAI Saig Co. represented Greyhound Lines Inc. in the transaction.

29. Hilton Garden Inn Planned for Former Greyhound Station -

A Knoxville-based hospitality company has closed on the purchase of the vacant Greyhound facility Downtown and will transform the property into a Hilton Garden Inn.

Turkey Creek Hospitality completed the $1.7 million purchase of the 1.3-acre property Tuesday, March 18, and will bring a 140-room Hilton Garden Inn to the heart of Downtown Memphis.

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

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

31. Magna Bank Posts Positive 2013 Results -

Magna Bank enjoyed a strong 2013, with newly released results for the year including a 40 percent gain in net income from 2012 to 2013.

32. I Choose Memphis: Micah Brafford -

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

Name: Micah Brafford

Job Title and Company: Vice President of Commercial Banking, Independent Bank

33. Broker’s Act to Reflect Commission Changes -

The Broker’s Act has been enhanced by our state legislature and will be signed into law this month.

The Tennessee Association of Realtors Governmental Affairs Committee recommended an important modification to the language of the “Notice of Agreement to Pay Leasing Commission,” and the Metro Memphis CCIM chapter initiated a call to action where members sent emails to state legislators explaining the importance of passing this amendment.

34. Devices to Track Truck Driver Hours Proposed -

The government wants commercial trucks and buses that cross state lines to be equipped with electronic devices that record how many hours the vehicles are in operation.

The Federal Motor Carrier Safety Administration’s new proposal is intended to prevent drivers from exceeding limits on the number of hours they can spend behind the wheel.

35. Devices to Track Truck Driver Hours Proposed -

The government wants commercial trucks and buses that cross state lines to be equipped with electronic devices that record how many hours the vehicles are in operation.

The Federal Motor Carrier Safety Administration's new proposal is intended to prevent drivers from exceeding limits on the number of hours they can spend behind the wheel.

36. Shelby County CRE Sales Up 14 Percent in February -

Shelby County recorded 49 commercial real estate sales in February, according to real estate information company Chandler Reports, www.chandlerreports.com.

37. 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.

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

An affiliate of Roswell, Ga.-based health care real estate company Richmond Honan Development & Acquisitions LLC has paid $10.4 million for Quince Centre at 6555 Quince Road in East Memphis.

39. Shelby County Mortgages Jump 12 Percent in February -

The latest monthly totals for Shelby County’s mortgage market show homebuying improved somewhat last month, with total mortgage volume up 12 percent compared to February 2013, according to real estate information company Chandler Reports,www.chandlerreports.com.

40. Exeter Property Group Acquires Industrial Portfolio -

Exeter Property Group has acquired a 4.4 million-square-foot industrial portfolio – including four properties in Memphis – for $132 million.

Exeter recently acquired the properties located in Memphis, Nashville and Columbus, Ohio, from LNR Property LLC, a special servicer appointed to the portfolio upon its transfer from London-based Strategic Realty Advisors Ltd. in June 2013.

41. May County Primary Ballot Set -

The ballot for the May Shelby County primary elections was completed Wednesday, March 5, as the Shelby County Election Commission disqualified a County Commission candidate whose attorney argued that she intended to but never did live in the district she hoped to represent.

42. City Sprouts -

The vacant homes and lots on Jennette Place near Walker Avenue and Mississippi Boulevard in South Memphis began germinating like an urban form of kudzu. They appeared like an invasive species in this proud neighborhood, spreading quickly, choking the life from viable properties and growing into a scourge that at one point seemed impossible to eradicate.

43. Council Takes Up Streetlight Fee -

Memphis City Council members return Tuesday, March 4, to the issue of monthly streetlight fees charged by Memphis Light, Gas and Water Division since the council voted last year to shift the responsibility for streetlights to the utility and out of the city operating budget.

44. Collier Village Apartments Sell for $4.4 Million -

The 100-unit Collier Village Apartments at 365 Center St. in Collierville has sold for $4.4 million.

Collier Village Apartments Utah LLC – an affiliate of Salt Lake City-based Property Asset Management Inc. – bought the townhouse-style multifamily complex in a Feb. 26 special warranty deed from Collier Village Associates LLC.

45. GAO Report: Too Few Pilots or Too Little Pay? -

WASHINGTON (AP) – The nation's regional airlines are having trouble hiring enough pilots, the government says, suggesting one reason may be that they simply don't pay enough.

A pool of qualified pilots is available, but it's unclear whether they are willing to work for low entry-level wages, the Government Accountability Office said in a report released Friday.

46. -

EMPHASIS Commercial Real Estate
...

47. Fed: Memphis Banks Improved in 2013 -

Memphis banks ended 2013 in somewhat better shape collectively than they stood at the end of 2012, based on new numbers from the Federal Reserve Bank of St. Louis.

48. MLGW Board Offers Streetlight Fee Changes -

The Memphis Light, Gas and Water Division board is sending to the Memphis City Council a new rate structure for streetlight service fees that would keep apartment and residential non-apartment rates the same, while setting a new single rate for commercial properties large and small.

49. CloseTrak Expanding, Adding Attorneys -

CloseTrak LLC, a provider of real estate title and closing services, is in expansion mode.

Attorneys Robin Hogue-Hughes, Kevin Hudson and Stephen Johnson recently joined CloseTrak. The additions come as the Bartlett-based closing and title company expands into East Memphis and Collierville.

50. ‘Never a Dull Moment’ in CRE for Hackmeyer -

After beginning the pursuit of a career as a pilot after graduating from the University of Alabama, Tanis Hackmeyer switched gears and delved into the world of commercial real estate.

“I believe that was one of the hardest decisions I’ve ever had to make and one of the best decisions I’ve ever made,” said Hackmeyer, managing partner at Hackmeyer Properties. “There were a few years where I still felt like I should be doing some flying, but I really was happy from the start that I made my decision.”

51. Buzz Around Spec Office Space Starts to Swirl -

International Paper Co.’s new office tower in East Memphis is under construction now, but it’s been four years since the last speculative office building opened its doors in Memphis.

52. -

EMPHASIS Commercial Real Estate
...

53. CloseTrak Expanding, Adding Attorneys -

CloseTrak LLC, a provider of real estate title and closing services, is in expansion mode.

Attorneys Robin Hogue-Hughes, Kevin Hudson and Stephen Johnson recently joined CloseTrak. The additions come as the Bartlett-based closing and title company expands into East Memphis and Collierville.

54. 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.

55. Patching Up Poplar -

Its narrow traffic lanes are unforgiving and its storm water drain grates make driving the outside lane a perilous endeavor.

Sidewalks disappear and resume from block to block, while street crossings for pedestrians are daunting even for the most determined and fleet-footed runner who has to navigate stoplights and traffic.

56. ServiceMaster Revenue Flat, Income Drops for 2013 -

The ServiceMaster Co. LLC took a net income loss of $506 million for the year 2013 and an $18 million loss for the last three months of the year.

57. Healthy Design -

The road to community health and wealth is paved, at least in part, with smart design principles.

Density, a strong mix of uses, high design standards and amenities such as bike lanes and parks can produce healthier communities that attract business investment, Hernando Mayor Chip Johnson told Urban Land Institute Memphis members this week.

58. German Eatery Slated for Overton Square -

Overton Square will be getting an international flavor with the addition of a German-themed restaurant in the space formerly occupied by Paulette’s.

Chef David Scott Walker has signed a lease to open Schweinehaus, a restaurant that will feature servers decked out in traditional Germanic dress and communal, handmade wood tables found in many German beer halls, at 2110 Madison Ave.

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

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

60. MLGW Board Offers Streetlight Fee Changes -

The Memphis Light, Gas and Water Division board is sending to the Memphis City Council a new rate structure for streetlight service fees that would keep apartment and residential non-apartment rates the same, while setting a new single rate for commercial properties large and small.

61. 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.

62. Events -

Saint Francis Hospital-Memphis will host a heart-healthy cooking demonstration Monday, Feb. 24, at 5:30 p.m. at the hospital, 5959 Park Ave. RSVP at 765-1849.

63. New Memphis Institute Unveils Exec. Committee -

The New Memphis Institute has announced Baptist Memorial Health Care Corp. CEO Jason Little as its board of trustees chair for 2014.

64. Council Rethinking Streetlight Fee -

Memphis City Council members are rethinking the streetlight fee Memphis Light, Gas and Water Division has been charging.

The monthly fee has several different rates for homeowners, renters, small commercial property owners and large commercial property owners.

65. This week in Memphis history: February 21-27 -

2013: The Salvation Army Kroc Center opened at the Mid-South Fairgrounds.

1974: On the front page of The Daily News, Albertine McCrory developers announced a 1,500-home planned community at Interstate 40 and Whitten Road called Hillshire. The plans called for single-family homes, townhouse condominiums, garden apartments, duplexes and commercial areas as well as an office industrial park for an estimated 12,000 people or a community about the size of Parkway Village at the time.

66. Women Prove Mettle in Tough CRE Industry -

When Rosemarie Fair first entered the world of commercial real estate in the early 1980s, it was still a largely male-dominated profession and she felt the biting sting of disrespect.

“When you’re in property management as a female and you’re developing a Downtown mixed-use project, when you walked into a construction site the contractors and subcontractors just assumed here comes the owner’s wife, or the secretary,” said Fair, owner of One Source Commercial Inc. “The old adage back then was you had to work twice as hard to be thought of half as much and back then it was absolutely true. I had to start below zero and prove myself. And I did, and I was successful.”

67. Butler Sevier Law Firm Expands Downtown -

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

68. Northgate’s Shift -

When the Kroger store opened at Northgate shopping center in Frayser 58 years ago, the store gave away a Shetland pony.

When the store closed Tuesday, Feb. 18, it was the last of the original tenants in a center whose changing fortunes mirror those of the blue-collar suburb still feeling the loss of its blue-collar jobs.

69. FCC Won't Appeal Ruling on Internet Neutrality -

WASHINGTON (AP) – The Federal Communications Commission says it won't appeal a court decision that struck down rules it designed to ensure that the transmission of all Internet content be treated equally. The agency says it will fashion new rules.

70. Council Rethinking Streetlight Fee -

Memphis City Council members are rethinking the streetlight fee Memphis Light, Gas and Water Division has been charging.

The monthly fee has several different rates for homeowners, renters, small commercial property owners and large commercial property owners.

71. Events -

Memphis Pink Palace Museum will host a lecture by Commercial Appeal columnist Wendi Thomas titled “Mid-South Racial Present” Thursday, Feb. 20, from 5 p.m. to 7 p.m. at the museum, 3050 Central Ave. The free lecture is presented in conjunction with the “RACE: Are We So Different?” exhibit. Visit memphismuseums.org.

72. Deadline Nears for Pinnacle Awards -

The deadline for the Memphis Area Association of Realtors Commercial Council’s 13th annual Pinnacle Awards ceremony is fast approaching.

The deadline for Commercial Council members to enter the Pinnacle Awards, an event that brings commercial real estate industry professionals together and honors them for their accomplishments in the previous year, is Friday, Feb. 21, at 5 p.m. Winners will be honored at an April 3 ceremony at Memphis Botanic Garden.

73. 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.

74. Clean Line Energy To Meet With Local Cos. -

Clean Line Energy and its partners are hosting public meetings this month to provide information on their wind energy distribution plan and meet with local businesses.

Clean Line Energy plans on building a 700-mile-long transmission system to deliver around 3,500 megawatts of wind power – enough energy to power around 1 million homes – generated in the Oklahoma panhandle to the Mid-South and the Southeast.

75. Events -

Sales and Marketing Society of the Mid-South will meet Wednesday, Feb. 19, from 11:30 a.m. to 1 p.m. at The Racquet Club of Memphis, 5111 Sanderlin Ave. Susan S. Stephenson, co-founder, co-chairman and president of Independent Bank, will present “Make it Work Marketing: Sending a Message That Matters.” Cost for nonmembers is $30 at the door. Visit sms-midsouth.org.

76. Ellis Joins State Systems As Sales Executive -

Alisa Ellis has joined State Systems Inc. as a low voltage sales executive. She brings 16 years of telecommunications experience to the company, which offers protection products and services, including fire protection equipment, training and cleaning services, as well as technology services such as network integration, cabling systems and wireless support.

77. New Memphis Institute Unveils Executive Committee -

The New Memphis Institute has announced Baptist Memorial Health Care Corp. CEO Jason Little as its board of trustees chair for 2014.

78. Coley Works Tirelessly To End Human Trafficking -

You may not know it, but human trafficking is a problem in Tennessee. It’s such a problem that Rep. Jim Coley, R-Bartlett, chairman of the House Civil Justice Subcommittee, has dedicated his career in office to fight against the crime in his home state.

79. CDC Leaders Have Challenges in Communities -

Community development corporations are designed to help create more housing in areas where investors and banks might not normally invest without incentives.

But the CDCs, as they are known, are increasingly in the business of adding business development to the housing in a combination of community building.

80. 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.

81. Cornerstone Systems Sees Leadership Shift -

There’s been a shakeup in management at Cornerstone Systems Inc.

Rick Rodell, current chairman and CEO at the Memphis-based third-party logistics provider, will relinquish his role as CEO and be replaced by Tim Clay, the company’s president and chief commercial officer. Rodell will remain chairman of the company’s board.

82. This week in Memphis history: February 14-20 -

2013: On the front page of The Daily News, Shelby County Schools board members approved a budget proposal that included $145 million in new funding to be sent to the Shelby County Commission for funding. It followed a long debate about whether the commission would approve that much extra and what the reaction from parents and teachers would be to the cuts that followed if the commission didn’t. The commission rejected the budget proposal.

83. The Sweet Spot -

Gary Wilkes usually doesn’t notice the smell at the family business, Wayne’s Candy Co. Inc., unless he has just returned from vacation.

84. Cornerstone Systems Announces Leadership Shift -

There’s been a shakeup in management at Cornerstone Systems Inc.

Rick Rodell, current chairman and CEO at the Memphis-based third-party logistics provider, will relinquish his role as CEO and be replaced by Tim Clay, the company’s president and chief commercial officer. Rodell will remain chairman of the company’s board.

85. Negatives Aside, AOL CEO Posts Positive Results -

NEW YORK (AP) – You've got gaffes.

AOL chief executive Tim Armstrong isn't one to mince words. Over the weekend, he apologized for insensitive comments and backtracked from an unpopular plan to pay matching 401(k) retirement contributions in a lump sum at the end of the year. Armstrong had previously defended the proposal by citing the high cost care for two "distressed babies" born to employee families.

86. 13th Annual Pinnacle Awards On the Horizon -

Planning is well underway for the Memphis Area Association of Realtors Commercial Council’s 13th annual Pinnacle Awards ceremony, an evening dedicated to bringing commercial real estate industry professionals together and honoring them for their accomplishments in the previous year.

87. IRS Loses Appeal on New Rules for Tax Preparers -

McLEAN, Va. (AP) – The IRS on Tuesday lost a federal appeal in a legal battle over its effort to institute competency exams and other new regulations for as many as 700,000 paid tax preparers.

88. Bell Joins First State Bank as Commercial Loan Officer -

Jonathan Bell has joined First State Bank as vice president/commercial loan officer. Bell, who has more than 13 years of experience in the banking industry, will provide banking services for businesses in Collierville and the surrounding area.

89. Developers Amend Highland Row Plan -

Developers of the Highland Row mixed-use development by the University of Memphis are taking an amended plan for the project to the Land Use Control Board Thursday, Feb. 13.

The new plan calls for less retail and commercial uses and more residential development.

90. Gambling Industry Fights Self on Internet Gambling -

LAS VEGAS (AP) – Many experts believe online wagering is the future of gambling, but the casino industry is increasingly divided on the issue.

The latest evidence of the split came Monday as the Coalition to Stop Internet Gambling launched the first commercial in a six-figure campaign warning of the dangers of legalized Internet gambling. The coalition is emphasizing the possibility that criminals and terrorists may use online gambling to launder money.

91. Butler Snow Law Firm Expands to New York -

The Mississippi and Tennessee-based Butler Snow law firm has expanded into the New York market.

The firm has added Stanford G. Ladner in its public finance, tax incentives and credit markets group and David M. Cohen in its product liability, mass tort and environmental group. Both will be based in New York.

92. MAAR to Hold Commercial Forecast Summit Feb. 12 -

Commercial real estate experts will share their insights this week on what to expect nationally and locally in 2014.

The Memphis Area Association of Realtors’ Commercial Council will host the 2014 Commercial Property Forecast Summit Wednesday, Feb. 12.

93. Southbrook Mall Plan Headed to City Council -

What began as a plan last year for $1.5 million in city funding to fix the roof and make other repairs at Whitehaven’s Southbrook Mall has now become a larger and probably more expensive plan for development in a broad area of Whitehaven.

94. PILOT Reform -

Nike is in the midst of a $301 million expansion of its Northridge plant in Frayser, a project that means the Beaverton, Ore.-based company will create 250 new jobs and retain 1,600 existing local jobs.

95. FedExForum Area Targeted for Apartments -

Nashville-based Elmington Capital Partners apparently likes the apartment market in Downtown Memphis.

An Elmington-affiliated company plans on building a 64-unit apartment complex at 362 S. Second St., south of FedExForum.

96. ServiceMaster Lays Off 65 in Restructuring -

Memphis-based ServiceMaster Co. has laid off 65 employees and eliminated another 40 vacant positions in a restructuring of its headquarters that began Wednesday, Feb. 5, and was confirmed Thursday.

97. Microsoft Names Cloud Computing Chief as Next CEO -

LOS ANGELES (AP) – Microsoft has named the head of its cloud computing business as the company's next CEO, tapping a longtime insider to lead efforts to catch rivals in mobile devices and offer more software and services over the Internet.

98. Meghan McMahon Joins Glankler Brown as Associate -

Meghan K. McMahon has joined Glankler Brown PLLC as an associate, concentrating her practice in business and commercial litigation and intellectual property. McMahon previously worked in academic and membership affairs for the NCAA, and has experience with issues relating to NCAA compliance, sports and entertainment contracts, intellectual property.

99. December US Construction Spending Up 0.1 Percent -

WASHINGTON (AP) – U.S. construction spending rose modestly in December, slowing from healthy gains a month earlier.

The Commerce Department said Monday that construction spending increased a scant 0.1 percent to a seasonally adjusted annual rate of $930.5 billion, down from a revised 0.8 percent increase in November.

100. Smucker Files $16 Million Permit for Plant Expansion -

4789 Cromwell Ave.
Memphis, TN 38118
Permit Cost: $16 million

Project Cost: $41 million
Permit Date: Applied January 2014
Completion: TBA
Owner: The J.M. Smucker Co.
Tenant: The J.M. Smucker Co.
Architect: N/A
Contractor: N/A
Details: The J.M. Smucker Co. has filed a $16 million permit with the city-county Office of Construction Code Enforcement as part of its planned plant expansion at 4789 Cromwell Ave. in Oakhaven.