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Editorial Results (free)

1. Morris Explains Why He’s Leaving Downtown Memphis Commission -

Paul Morris will leave his post as president of the Downtown Memphis Commission late this year to become president of his family’s business, Jack Morris Auto Glass.

2. Gestalt Renews Plans for Hickory Hill School -

A new Power Center Academy middle school in Hickory Hill near or on the footprint of the old Marina Cove Apartments moved a step closer to reality with Gestalt Community Schools applying for a $7 million building permit to build a 40,147-square-foot middle school at 5449 Winchester Road.

3. Real Estate Pros Upbeat -

After finally latching on to the broader national economic recovery in 2013, the Memphis-area commercial real estate market shook of the last vestiges of the Great Recession and roared back to life in 2014 with the office, retail, industrial and apartment sectors all producing solid gains.

4. Fresh Selection -

It would seem I Love Memphis blogger Holly Whitfield was correct last year with a forecast that called for a “permanent Foodnado” in Memphis.

5. Harris’ Bill Faces Opposition From Memphis City Council Members -

Legislation by Sen. Lee Harris requiring local governments to hold a referendum before they take on “extraordinary” debt could run into opposition from his own City Council and municipal leaders across Tennessee.

6. Auto Parts Supplier to Expand, Add 435 Jobs Over 5 Years -

NEWPORT, Tenn. (AP) – Middle Tennessee auto parts supplier Unipres USA Inc. has announced plans for an expansion that will lead to 435 more jobs over the next five years.

7. Gestalt Renews Plans for Hickory Hill School -

A new Power Center Academy middle school in Hickory Hill near or on the footprint of the old Marina Cove Apartments moved a step closer to reality with Gestalt Community Schools applying for a $7 million building permit to build a 40,147-square-foot middle school at 5449 Winchester Road.

8. 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.

9. University of Memphis Engineering Alumni Plan Busy 2015 -

The alumni chapter of the University of Memphis Herff College of Engineering is ramping up efforts to help develop a strong engineering community in the city.

New president Jason Pendergrass said his goals include building alumni membership as well as helping the group act as a liaison between the university, local businesses and Shelby County at large.

10. Gestalt Renews Hickory Hill School Plans -

A new Power Center Academy middle school in Hickory Hill near or on the footprint of the old Marina Cove Apartments moved a step closer to reality with Gestalt Community Schools applying for a $7 million building permit to build a 40,147-square-foot middle school at 5449 Winchester Road.

11. EDGE Leader Faults 'Vague' Concerns About Incentives -

The president of the Economic Development Growth Engine wants Memphis City Council members and Shelby County commissioners to approve proposed changes to payment-in-lieu-of taxes incentives the EDGE board grants.

12. Dream Realized -

Around 2010, Francis Ssebikindu saw people exploring the Sears Crosstown property, kicking the tires of the long-vacant retail and distribution building.

“Five years ago I saw a bunch of guys looking around in my area and I said, ‘what are they doing here?’” said Ssebikindu, pastor of Living Water Community Church near the Sears Crosstown building

13. Crosstown Project Named Crosstown Concourse -

Developers of the old Sears Crosstown building formally broke ground Saturday, Feb. 21, on the project that was five years in the planning and gave it a new name – Crosstown Concourse.

Nearly a thousand people packed a tent in the shadow of the mammoth 1.5 million square foot building on a rainy, cold and overcast day that marked 88 years to the day that ground was broken in 1927 on the original Crosstown structure including the tower that will serve as an apartment building in the multi-use redevelopment.

14. State Appoints Assistant Commissioner for Rural Development -

NASHVILLE, Tenn. (AP) – Tennessee Economic and Community Development Commissioner Randy Boyd has appointed the department's first assistant commissioner for rural development.

15. Sweetie Pie’s Approached as Possible Mall Tenant -

Sweetie Pie’s, the St. Louis soul food institution in a standoff with its Beale Street landlord, has been approached by the administration of Memphis Mayor A C Wharton Jr. as a tenant for one of two malls the administration wants to convert to “town centers.”

16. Economic Development Secrets Hard to Keep -

The most difficult secrets to keep at City Hall are those dealing with economic development – the clandestine discussions between city and business leaders and companies considering moving to or expanding in Memphis.

17. City Requests Fairgrounds Review by ULI Experts -

The upcoming review of the Fairgrounds redevelopment concept by a group of Urban Land Institute experts will move quickly and could be a political wild card.

The city’s request last week for a review by Urban Land Institute’s Advisory Services goes to a part of the planning and land use nonprofit that has been specializing in such political hot potatoes since 1948.

18. New Brewery Venture Eyeing Crosstown -

When they launched a Facebook page at the end of January, the first post for which was simply the logo for the craft beer brewery they’re planning, Will Goodwin and Clark Ortkiese didn’t expect the flood of interest their concept would generate.

19. Building From a New Blueprint -

When recruiting new businesses, East Tennessee economic development officials have long touted the benefits of partnering with the Oak Ridge National Laboratory and the University of Tennessee.

The lab and the university both have a history of working closely with private business to develop cutting-edge manufacturing techniques, technologies and new products. That research effort recently received a major boost with President Obama’s announcement of a new manufacturing innovation hub based in the Knoxville area.

20. Ready to Spend -

Elizabeth Moss is in the middle of a total kitchen renovation at the Hendersonville home she bought on August 4, 2013.

21. City Wants Urban Land Institute to Review of Fairgrounds -

City Housing and Community Development Director Robert Lipscomb wants the Urban Land Institute to “review, evaluate and issue recommendations” on the Wharton administration’s Fairgrounds redevelopment plan after leading a set of public hearings and discussions that would take place over a five-day period.

22. Coca-Cola Awarded Incentives to Stay, Expand in Memphis -

Coca-Cola appears poised to grow its Memphis presence.

The city-county Economic Development Growth Engine awarded Coca-Cola Refreshments USA Inc. a 15-year tax break Wednesday, Feb. 18 to consolidate distribution operations in Memphis and West Memphis, Ark., into one facility in Memphis.

23. Sweetie Pie’s Could be Tenant at Raleigh Springs Mall -

Sweetie Pie’s, the St. Louis soul food institution in a standoff with its Beale Street landlord, has been approached by the administration of Memphis Mayor A C Wharton Jr. as a tenant for one of two malls the administration wants to convert to “town centers.”

24. 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.

25. 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.

26. Sweetie Pie’s Approached as Mall Tenant -

Sweetie Pie’s, the St. Louis soul food institution in a standoff with its Beale Street landlord, has been approached by the administration of Memphis Mayor A C Wharton Jr. as a tenant for one of two malls the administration wants to convert to “town centers.”

27. Events -

The Center City Development Corp. will meet Wednesday, Feb. 18, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

28. Start Co. Expands Its Downtown Space -

The organization helping startup founders launch new ventures in Memphis will soon have more elbow room for the space where it holds events, teaches and provides a co-working environment for startup teams.

29. Events -

Beale Street Merchants Association will hold the annual Mardi Gras parade Tuesday, Feb. 17, at 5:30 p.m. on Beale Street. The celebration will feature a fanfare of carts, horse-drawn carriages, bicycles and wagons decorated for Mardi Gras, plus beads, candy, and jazz and blues music. Visit bealestreetmerchants.com.

30. Professional Development Pays Dividends -

We were reviewing a proposal for a client this week and noticed in the funder’s guidelines a request for information about the organization’s ongoing training and professional development activities, and the budget for these. Needless to say there was silence in the room.

31. Luttrell Scolds State Legislators -

Shelby County Mayor Mark Luttrell says the political forces that defeated the Insure Tennessee proposal of Gov. Bill Haslam this month in Nashville weren’t in a fight with Washington and President Barack Obama

32. Events -

Beale Street Merchants Association will hold the annual Mardi Gras parade Tuesday, Feb. 17, at 5:30 p.m. on Beale Street. The celebration will feature a fanfare of carts, horse-drawn carriages, bicycles and wagons decorated in Mardi Gras fashion; beads and candy; and jazz and blues music. Visit bealestreetmerchants.com.

33. Alternative Ending -

The city of Memphis secured $6.7 million in federal funding last week to improve and rehab public housing.

Meanwhile, the city’s application for a much larger federal grant to demolish the city’s last large public housing development was making the rounds at the federal Department of Housing and Urban Development.

34. Ready.Fund.Grow! Offers Help for Women-Owned, Small Businesses -

Small and women-owned businesses will have new sources of capital and know-how in 2015, thanks to a new initiative, Ready.Fund.Grow!, being developed by Pathway Lending and the Tennessee Small Business Development Center (TSBDC), along with a new Women’s Business Center which will be operated by Pathways.

35. Events -

Beale Street Merchants Association will host Beale’s annual Mardi Gras parade Tuesday, Feb. 17, at 5:30 p.m. The celebration will feature a fanfare of carts, horse-drawn carriages, bicycles and wagons decorated in Mardi Gras fashion; beads and candy; and jazz and blues music. Visit bealestreetmerchants.com.

36. 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.

37. 2-Year College Presidents Back Tennessee Academic Standards -

NASHVILLE, Tenn. (AP) – The presidents of Tennessee's 13 community colleges say the state's higher academic standards for elementary and secondary schools are necessary to help students succeed in higher education.

38. Wharton Calls for Outside Fairgrounds Review -

Memphis Mayor A C Wharton Jr. told the Memphis Rotary Club Tuesday, Feb. 10, that the ambitious recasting of the Mid-South Fairgrounds – a project that is solely a City Hall creation at this point -- is going to get a second look from outside consultants.

39. Wade to Lead Southern College of Optometry's Hayes Center -

Dr. Lisa Wade has been named director of the Hayes Center for Practice Excellence at Southern College of Optometry, which focuses on teaching business principles to help optometrists succeed in independent practice.

40. Wharton Not Giving Up on Fairgrounds Plan -

Nashville is a more turbulent place than usual these days, especially Capitol Hill. So Memphis Mayor A C Wharton Jr. and his administration probably won’t tempt the turbulence there by taking their plan for a Tourism Development Zone to finance a Mid-South Fairgrounds renovation to the Tennessee Building Commission later this month.

41. Flying High -

Young visitors to the Benjamin L. Hooks Central Library will soon find themselves on cloud nine.

Make that Cloud901.

That’s the new name for a state-of-the-art teen learning lab under development at the library, for which more than $1.6 million already has been raised. The lab will be packed with cutting-edge technology and space for creative potential to flourish once it’s complete.

42. Wharton Administration Willing to Explore Coliseum Renovation -

Memphis Mayor A C Wharton Jr. is willing to explore a renovation of the Mid-South Coliseum, but he doesn’t want to delay getting state approval for a Tourism Development Zone to finance an amateur sports tournament complex at the Mid-South Fairgrounds.

43. Investing in Entrepreneurship Key to City’s Success -

When approaching economic development in Memphis, it’s important to consider the impact that high-growth entrepreneurial companies have made locally and nationwide.

In fact, the Kauffman Foundation found that most net new jobs in the last 30 years have come from high-growth entrepreneurial companies.

44. TeamHealth Announces Expansion, 450 Jobs -

A healthcare company in Blount County has announced an expansion project that it says will create 450 new jobs.

The Daily Times reports TeamHealth, which provides outsourced physician staffing for hospitals, announced Wednesday that it plans a new building in Louisville.

45. Automotive Supplier Expanding in Tennessee -

A leading global automotive supplier plans to build a new facility in McMinn County that’s expected to create as many as 400 new jobs.

Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd announced this week that DENSO Manufacturing will build the new 224,000-square-foot facility at its existing location in Athens.

46. Wharton Defends, Touts Record at State of the City -

Memphis Mayor A C Wharton Jr. defended and touted Thursday, Jan. 29, his administration’s pursuit of the economic development projects that his challengers in the October city elections will likely use to make their case.

47. Shelby County Foreclosures Dip 22 Percent in 2014 -

Foreclosures took an even sharper dive in 2014 than they did in 2013. Compared to a 15 percent slide from 2012 to 2013, over the past year residential foreclosures in the county slipped 22 percent, from 3,555 in 2013 to 2,787 in 2014, according to real estate information company Chandler Reports, www.chandlerreports.com.

48. Settlement Could Fund I-Zone Schools -

With federal money about to run out for the Shelby County Schools Innovation Zone schools, the $8 million in cash due from the city of Memphis next month is most likely to land in the bank account for that effort.

49. Invest Early -

It would be true if you were talking about stock in Apple Inc., Google Inc. or Netflix Inc. And it is true when talking about children.

50. Events -

Networking in Memphis will host its 2015 kickoff Tuesday, Jan. 27, from 6 p.m. to 8:30 p.m. at 300 Art Gallery, 300 S. Main St. Edward Jones financial adviser Stephen Stamps will talk about investing in 2015, and the group will also discuss community involvement. Cost is $10; proceeds support the Memphis Entrepreneurship Academy. Visit networkinginmem.com or email networkinginmem@gmail.com.

51. Fairgrounds Plan Draws Different Opinions -

The first renderings of a recast Mid-South Fairgrounds offered years ago are just one misstep early on that continues to plague the project still in search of specific private partners.

The conceptual drawings were heavy on baseball diamonds when the idea of two mayoral administrations at City Hall was and remains more soccer fields, basketball courts and a multi-purpose sports facility along with baseball diamonds.

52. NFL Players Find Second Careers as Entrepreneurs -

As Eddie George neared the end of his nine seasons in the NFL, the running back began pondering his next play.

53. Murfreesboro, Nashville Players Get Jump on UT Careers -

KNOXVILLE – Jack Jones didn’t want to waste any time getting started with his football career at the University of Tennessee, so he graduated in December from Murfreesboro Oakland High School.

54. Sears Crosstown Will Receive New Name -

The team behind the redevelopment of the Sears Crosstown site will unveil a new name for the development during a Feb. 21 community groundbreaking ceremony.

“Until now, when Memphians have talked about the building, they’ve called it Sears Crosstown,” the development team said in a statement announcing the groundbreaking ceremony, which will be held 88 years to the day after the initial groundbreaking in 1927. “But Sears is long gone, and the surrounding neighborhood proudly claims the name Crosstown. Now it’s time for something new.”

55. Events -

Youth Villages Soup Sunday will be held Sunday, Jan. 25, from 11 a.m. to 2 p.m. at FedExForum, 191 Beale St. The event will feature soup, bread, dessert and other delicacies from more than 50 Memphis-area restaurants and caterers, plus live entertainment and Kids Zone. Tickets are $30 for adults and $10 for ages 6-10. Visit soupsunday.org.

56. Events -

Rhodes College will host the Tournees French Film Festival Tuesday, Jan. 27, through Feb. 11 in the Blount Auditorium in Buckman Hall at Rhodes, 2000 North Parkway. All screenings start at 7 p.m. Films will be subtitled in English. Cost is free. Visit rhodes.edu for a schedule.

57. One Percent -

Majority and minority are volatile terms in Memphis.

Using them in a context outside race requires an explanation because without that, the assumption is the terms are being used in a racial context.

58. Commissioners Watching What’s Next for Fairgrounds Plan -

It’s not on the Monday, Jan. 26, agenda of the Shelby County Commission, but commissioners are watching the political dominoes that are lining up en route to some kind of move by the city of Memphis toward a Fairgrounds Tourism Development Zone.

59. EDGE Approves Ikea Incentives -

Swedish furniture retailer Ikea has been awarded an 11-year tax break to develop a $64 million store near Interstate 40 and Germantown Parkway that is expected to employ 175 people.

The board of the city-county Economic Development Growth Engine on Wednesday, Jan. 21, approved the controversial payment-in-lieu-of-taxes incentive on an 8-1 vote. Larry Jackson voted against the measure.

60. NFL Players Find Second Careers as Entrepreneurs -

As Eddie George neared the end of his nine seasons in the NFL, the running back began pondering his next play.

61. Sears Crosstown Will Receive New Name -

The team behind the redevelopment of the Sears Crosstown site will unveil a new name for the development during a Feb. 21 community groundbreaking ceremony.

“Until now, when Memphians have talked about the building, they’ve called it Sears Crosstown,” the development team said in a statement announcing the groundbreaking ceremony, which will be held 88 years to the day after the initial groundbreaking in 1927. “But Sears is long gone, and the surrounding neighborhood proudly claims the name Crosstown. Now it’s time for something new.”

62. Council Approves Schools Deal, Appoints Boyd -

Two weeks after they ignored a proposed $43.1 million settlement of the six-year old schools funding legal standoff, Memphis City Council members Tuesday, Jan. 20, approved a $41.8 million settlement with Shelby County Schools.

63. Community Building -

Almost three years ago, former elementary school art teacher Erin Harris saw a video about children in Memphis who were working with an artist to start a sculpture garden. She still recalls the happy sight of a few boys in the video throwing balloons filled with paint at an old fence, as well as the reaction the footage generated from her.

64. Council Takes Up Beale’s Next Act -

Memphis City Council members are likely to have some questions Tuesday, Jan. 20, about the still tentative settlement of the last part of the court fight for control of Beale Street.

The tentative terms of the settlement between the city of Memphis and the Beale Street Development Corp. leaked last week and include a share of revenues from the operation of the entertainment district for the BSDC that would otherwise go to the city, which owns the property between Second and Fourth streets.

65. Ballet Memphis Awarded Grants Totaling $60,000 -

Ballet Memphis has received two national grants totaling $60,000 to support its community and school programs.

The Hearst Foundations awarded Ballet Memphis a $50,000 Culture grant. Ballet Memphis is one of 15 organizations to receive a Culture grant in the latest funding cycle and is the only dance organization in Tennessee honored by the Hearst Foundations this year.

66. Women’s Foundation Announces 29 Grants -

The Women’s Foundation for a Greater Memphis has selected 29 recipients to receive grant funding for its 2014-2015 funding year, with allocations totaling $510,000.

Each year, the foundation invites organizations whose projects or continuing programs fall within its mission, vision and one or more of five areas of focus (economic and financial literacy, entrepreneurship, job readiness/career development, leadership development and non-traditional job training) to apply for funding.

67. Hitting the Accelerator -

Five years after the Great Recession rocked the nation and nearly destroyed auto manufacturing in Tennessee, the Midstate’s industry is booming again.

Nissan’s growth is no small part of that, largely because of the company’s confidence in the state of Tennessee and Gov. Bill Haslam, according to José Muñoz, executive vice president of Nissan Motor Co. and chairman of Nissan North America, which is headquartered in Franklin.

68. Plans for UT/West Institute for Cancer Research Unveiled -

With an initial $2.5 million donation from the Plough Foundation, the West Cancer Center formally announced Thursday, Jan. 15, the creation of the nonprofit University of Tennessee/West Institute for Cancer Research at the center’s Germantown location on Wolf River Boulevard.

69. GOP Leader Says Tennessee Lawmakers Will Approve VW Incentives -

NASHVILLE, Tenn. (AP) – A top Republican in the Tennessee General Assembly expects his colleagues to approve the state share of a $300 million incentive package for Volkswagen despite misgivings over a "secret deal" for the United Auto Workers union at the German automaker's plant in Chattanooga.

70. Women’s Foundation Announces 29 Grants -

The Women’s Foundation for a Greater Memphis has selected 29 recipients to receive grant funding for its 2014-2015 funding year, with allocations totaling $510,000.

Each year, the foundation invites organizations whose projects or programs fall within its mission, vision and one or more of five areas of focus (economic and financial literacy, entrepreneurship, job readiness/career development, leadership development and non-traditional job training) to apply for funding.

71. Commission Approves New County Fire Trucks -

The Shelby County Commission voted Monday, Jan. 12, to approve $2 million in funding to buy three custom fire engine pumpers and a rescue truck from Ferrara Fire Apparatus Inc. for the Shelby County Fire Department.

72. Schaeffer Joins Patrick Accounting -

Michael Schaeffer has joined Patrick Accounting and Tax Services PLLC as staff accountant. In his new role, Schaeffer will provide small businesses with accurate, timely financial statements that will allow them to make informed management decisions regarding the life of their company.

73. Brewery Developer Calls for ‘Leap of Faith’ -

Crews could begin transforming the long-vacant Tennessee Brewery property Downtown later this year and the first residents could move in during the fall of 2016, a veteran developer told a Downtown development board Tuesday, Jan. 13.

74. County Commission Endorses Haslam's Medicaid Expansion Plan -

Shelby County Commissioners, including some vocal Republican opponents of the Affordable Care Act in general, are calling on the Tennessee Legislature to approve Tennessee Gov. Bill Haslam’s Insure Tennessee Medicaid expansion plan.

75. Ballet Memphis Awarded Grants Totaling $60,000 -

Ballet Memphis has received two national grants totaling $60,000 to support its community and school programs.

The Hearst Foundations awarded Ballet Memphis a $50,000 Culture grant. Ballet Memphis is one of 15 organizations to receive a Culture grant in the latest funding cycle and is the only dance organization in Tennessee honored by the Hearst Foundations this year.

76. Executive Inn Demolition Long Time Coming -

The old Executive Inn hotel on Airways Boulevard where Brooks Road dead ends is the latest problem vacant property to be demolished and touted by Memphis Mayor A C Wharton Jr. as another step in his administration’s anti-blight effort.

77. City Officials Ponder Macy’s Whitehaven Exit -

Memphis officials say they were blindsided by the announcement from Macy’s that it was closing its store at Southland Mall in Whitehaven and hope they can prevent more retailers from closing inner city locations.

78. Macy’s Exit Presents Problems, Possibilities in Whitehaven -

In what could be a troubling sign for the city’s first enclosed mall, Macy’s is closing its 150,000-square-foot store at Southland Mall in early spring, a move that will affect 112 employees.

The South Memphis store is one of 14 locations Macy’s will close this spring as part of a national restructuring, the retailer announced late Thursday, Jan. 8. The 14 stores account for approximately $130 million in annual sales, according to the company.

79. Strings Come With Fairgrounds Zone -

Shelby County Commissioners could take up an endorsement Monday, Jan. 12, of the city’s proposed Tourism Development Zone for redevelopment of the Mid-South Fairgrounds.

But at this point, the backing has a lot of strings attached. And those strings involve two issues related to local schools funding.

80. Memphis Ambassadors Program Seeks Applicants -

The Memphis Ambassadors Program is accepting applications for new ambassadors for the 2015-2016 school year. The program, presented by the City of Memphis and Mayor A C Wharton Jr., is open to high school students (grades 9 to 12) who reside in one of the seven City Council districts.

81. Crosstown Developers File $80.5 Million Loan -

The Crosstown development team has secured an $80.5 million loan on the property.

Crosstown Building Owner LLC filed the loan with SunTrust Bank, according to a Dec. 30 deed of trust. McLean Wilson, the Crosstown development team’s co-leader, signed the trust deed.

82. Southwest Tennessee Grows With Demand -

For Nathan Essex, the president of Southwest Tennessee Community College, his tenure has been a series of changes.

It was Essex who presided over the merger of Shelby State Community College and State Technical Institute in the late 1990s, before he was appointed president of the resulting Southwest Tennessee Community College in 2000.

83. Creative Destruction -

For about three years Veronica Skinner called the two-story, 24-unit apartment building at 480 Tillman St. in the Binghampton neighborhood home.

84. Memphis Ambassadors Program Seeks Applicants -

The Memphis Ambassadors Program is accepting applications for new ambassadors for the 2015-2016 school year. The program, presented by the City of Memphis and Mayor A C Wharton Jr., is open to high school students (grades 9 to 12) who reside in one of the seven City Council districts.

85. The Preserve at Southwind Sells for $28 Million -

7991 Capilano Drive
Memphis, TN 38125
Sale Amount: $28 million

Sale Date: Dec. 22, 2014
Buyer: Southwind Apartments LP
Seller: G&I VII Preserve at Southwind Apartments LP
Loan Amount: $18 million
Loan Date: Dec. 18, 2014
Maturity Date: Oct. 31, 2020
Lender: Jackson National Life Insurance Co.
Details: A team that includes Memphis-based Foegelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

86. Crosstown Developers File $80.5 Million Loan -

The Crosstown development team has secured an $80.5 million loan on the property.

Crosstown Building Owner LLC filed the loan with SunTrust Bank, according to a Dec. 30 deed of trust. McLean Wilson, the Crosstown development team’s co-leader, signed the trust deed.

87. MAAR Announces 2014 Award Winners -

The Memphis Area Association of Realtors has announced its 2014 award recipients.

The Realtor of the Year honor went to John Stamps of The Stamps Real Estate Co. Greg Renfrow of Marx-Bensdorf Realtors was named the Realtor-Associate of the Year. Debbie Reeves of the Tennessee Housing Development Agency was the Affiliate of the Year, and Doug Collins of Coldwell Banker Collins-Maury earned the Outstanding Leadership Award.

88. Building the Base -

It was late September, and local officials were deeply engaged with retail giant Target as the company explored investing in an online fulfillment center in Memphis when the discussions turned toward a familiar subject.

89. Crosstown Developers File $80.5 Million Loan -

The Crosstown development team has secured an $80.5 million loan on the property.

Crosstown Building Owner LLC filed the loan with SunTrust Bank, according to a Dec. 30 deed of trust. McLean Wilson, the Crosstown development team’s co-leader, signed the trust deed.

90. Loeb Acquires Newby’s Restaurant Space -

Memphis-based Loeb Properties has acquired one of the most venerable locations on the Highland strip.

Loeb purchased the long-time home of club and restaurant Newby’s at 535 and 539 Highland St. from Paragon Bank. A purchase price was not disclosed Friday, Jan. 2.

91. Big Deals Highlight 2014 Real Estate -

In Inked, we like to highlight local real estate transactions and the often-interesting companies leasing or buying commercial real estate space in the Memphis market. We also like to keep you informed about major deals before they happen and track companies that are critical to the local economy. Here are some important items that appeared in Inked in 2014.

92. Memphis Area Association of Realtors Announces 2014 Award Winners -

The Memphis Area Association of Realtors has announced its 2014 award recipients.

The Realtor of the Year honor went to John Stamps of The Stamps Real Estate Co. Greg Renfrow of Marx-Bensdorf Realtors was named the Realtor-Associate of the Year. Debbie Reeves of the Tennessee Housing Development Agency was the Affiliate of the Year, and Doug Collins of Coldwell Banker Collins-Maury earned the Outstanding Leadership Award.

93. Memphis Resolutions -

The end of the year hastens a season of resolutions about the year ahead, resolutions about what to include on the blank canvas of a new year.

No matter who you are, the road to 2015 starts at the same place – through the experience of 2014. With that in mind, we surveyed many of the people we’ve covered in these pages in the last year to talk about the possibilities ahead.

94. $200,000 in Grants Awarded to Nonprofits -

The Community Foundation of Greater Memphis has approved grants in its Nonprofit Capacity Building funding category that total more than $200,000.

The Nonprofit Capacity Building grants help established organizations improve operations and increase efficiency. The Foundation’s Board of Governors approved grants totaling $212,471 to 15 nonprofit organizations on Dec. 18. This year’s grant awards range from $4,900 to $23,390; each organization must raise a dollar-for-dollar match.

95. City, County Catch Late-Year Economic Development Surge -

Through September, things were looking somewhat bleak for Memphis and Shelby County on the economic development front.

At that point in the year the city and county were on pace to tie a record low for the number of payments-in-lieu-of-taxes, or PILOT, agreements granted to companies in a year. While granting fewer tax incentives could be viewed as good news because companies were more fiscally sound or confident about operating in Memphis and Shelby County, the lower level of activity represented a dip in the level of economic investment in the area.

96. I Choose Memphis: Jessica Ball -

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

Name: Jessica Ball

97. Haslam Taps Boyd to Lead Economic Development -

Gov. Bill Haslam has named former higher education adviser Randy Boyd to become his new commissioner of economic development.

98. Knoxville Area a Magnet for Retirees -

Retired air traffic controller Sterling King moved to Knoxville when his brother needed him. Five years later, he has fallen in love with the area and everything it has to offer.

Moderate weather, without the bone-chilling Northern winters or the searing heat of Florida summers, is a big draw, along with its location in the foothills of the Great Smoky Mountains, says King, 58, who migrated from Dayton, Ohio, to Raleigh, North Carolina, and then to Knoxville.

99. Jake Locker: Nice Guy Who Deserved Better -

Jake Locker’s time with the Tennessee Titans has quietly come to an end. Sure, he’s officially a Titan until March, but Sunday’s shoulder injury vs. the Jets – and his upcoming surgery – ends a star-crossed four-year run.

100. Haslam Taps Boyd to Lead Economic Development -

Gov. Bill Haslam has named former higher education adviser Randy Boyd to become his new commissioner of economic development.