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Editorial Results (free)

1. After Setting iPhone Record, What Does Apple Do Next? -

SAN FRANCISCO (AP) – Apple CEO Tim Cook says consumer demand for new iPhones has been "staggering" and "hard to comprehend." That helped the company report record-smashing earnings for its latest quarter and sent the stock climbing more than 7 percent on Wednesday.

2. Lot Shortage Leads to Fewer New Homes -

Shelby County homebuilding activity slowed in 2014 as builders filed fewer permits and sold fewer homes than in 2013.

Homebuilders filed 850 permits in 2014, down 8.6 percent from 930 permits filed in 2013 and down 7 percent from 914 permits filed in 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.

3. How To Determine Nonprofit Software Costs -

Part two of a two-part series. Software is at the heart of so many nonprofit functions. You can’t afford down time. And you don’t want to find out your new system won’t talk to an existing one after it is up and running. What’s a nonprofit leader to do? In search of guidance we talked with Janna Finch of Software Advice, an online firm that reviews nonprofit technology.

4. Make Sure You Really Have Closure at Closing -

The closing attorney is the final piece of the puzzle in a real estate transaction – and the most important. If the closing attorney fails in that role, the transaction might not occur, even if both parties – buyer and seller alike – sign every document.

5. 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.

6. Council Raises Concerns With Ikea Tax Breaks -

The Economic Development Growth Engine board votes Wednesday, Jan. 21, on the $8 million payment in lieu of taxes for the Ikea retail store to open next year at Interstate 40 and Germantown Parkway.

7. Memphis Reprographics Handles Printing, Storage Needs -

When the development team and architect behind the Sears Crosstown redevelopment project needed multiple phases of the project printed –including everything from design renderings to construction documents and floor plans – they turned to Memphis Reprographics.

8. Millennial Challenge: Do I Rent or Do I Own? -

Mike Smalling is a mortgage loan originator with F&M Mortgage and is a lifer in mortgage lending. He recently penned a book entitled “Your Mortgage Matters,” and the work provides information for those new to home buying, as well as those that have bought and sold numerous homes.

9. Morris: Public Transit Tops Downtown Goals -

A stronger and more vital public transportation presence in Downtown and a plan for development of land south of Central Station are two priorities of the Downtown Memphis Commission for the coming year.

10. Bank of Bartlett Buys Germantown Property -

1870 Kirby Parkway
Germantown, TN 38138
Sale Amount: $4.1 million

Sale Date: Dec. 29, 2014
Buyer: Bank of Bartlett
Seller: Spence Ray
Details: Bank of Bartlett has bought back a site on Kirby Parkway in Germantown for $4.1 million.

11. Bank of Bartlett Buys Germantown Property -

Bank of Bartlett has bought back a site on Kirby Parkway in Germantown for $4.1 million.

Bank of Bartlett bought the branch location at 1870 Kirby Parkway, located just south of Poplar Avenue, from developer M. Spence Ray, according to a Dec. 29 warranty deed. According to marketing materials for the property, Bank of Bartlett had almost five years left on its lease at the location. Bank of Bartlett sold the property to Ray, vice president of McNeill Commercial Real Estate, for almost $3.2 million in 2007.

12. 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.

13. This week in Memphis history: January 9-15 -

2005: Three development partners were to close on the purchase of the Tennessee Brewery by the end of the month and announced plans to convert the historic building into 35 luxury condominiums and penthouse units with prices starting at $350,000.

14. Tennessee Brewery Redevelopment Plans Emerge -

The long-vacant Tennessee Brewery Downtown could be reborn as a largely residential project, according to new details about the pending redevelopment.

The development team behind the brewery project at 495 Tennessee St. is considering renovating the current building into residential units, the ground-up construction of a new residential building adjacent to the existing structure and a new parking garage with ground floor commercial space to be built directly across the street.

15. New Details Emerge About Tennessee Brewery Redevelopment -

The long-vacant Tennessee Brewery Downtown could be reborn as a largely residential project, according to new details about the pending redevelopment.

The development team behind the brewery project at 495 Tennessee St. is considering renovating the current building into residential units, the ground-up construction of a new residential building adjacent to the existing structure and a new parking garage with ground floor commercial space to be built directly across the street.

16. Bank of Bartlett Buys Germantown Property -

Bank of Bartlett has bought back a site on Kirby Parkway in Germantown for $4.1 million.

Bank of Bartlett bought the branch location at 1870 Kirby Parkway, located just south of Poplar Avenue, from developer M. Spence Ray, according to a Dec. 29 warranty deed. According to marketing materials for the property, Bank of Bartlett had almost five years left on its lease at the location. Bank of Bartlett sold the property to Ray, vice president of McNeill Commercial Real Estate, for almost $3.2 million in 2007.

17. 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.

18. Memphis Industrial Market Rebounds in 2014 -

The upswing in the industrial real estate sector that started in 2012 and gained momentum in 2013 continued in 2014 and the Memphis market, fueled by several large transactions late in the year, should top 2013's level of around 3.2 million square feet of absorption.

19. Rental Showdown -

Tiffany H., 43, has found the perfect way to make money. It’s close to home, easy-to-manage and gives her the flexibility she needs as a busy mom shuttling two children back and forth to two different schools each day.

20. 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.

21. 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.

22. Shelby County Homebuilding Activity Continues to Slow -

Homebuilding in Shelby County was off last year’s pace again in November, with builders pulling fewer permits and selling fewer homes than in November 2013.

Shelby County homebuilders filed 43 permits last month, down 29.5 percent from 61 permits in November 2013, according to real estate information company Chandler Reports, www.chandlerreports.com. The 43 permits filed in November is down 31.7 percent from the 63 permits filed in October.

23. Why the US Will Power the World Economy in 2015 -

WASHINGTON (AP) – The United States is back, and ready to drive global growth in 2015.

After long struggling to claw its way out of the Great Recession, the world's biggest economy is on an extended win streak that is edging it closer to full health. But the new year doesn't look quite so bright in other major countries.

24. Pickard Joins Explorations on Tentative 2015 Ballot -

The contingency plans and other political maneuvering for the city of Memphis elections are well underway.

And a key part of the calculation is making plans for a change in plans.

Architect and planner Charles “Chooch” Pickard is one of several citizens running “exploratory” campaigns at this point.

25. Basar: Fairgrounds Likely to Be Tied to Schools Funding -

Shelby County Commissioner Steve Basar says the commission likely will consider linking an endorsement of the city’s plans for Mid-South Fairgrounds renovation to school funding when it takes up the measure at the Monday, Dec. 8, commission meeting.

26. Blight of the Living Dead -

When the Smiths moved into a brand new home right before Christmas 2007, they had no idea that construction in their Antioch area subdivision would soon stop cold – and stay stopped for four years.

27. Shelby County Building Permits Dip in October -

Shelby County home building activity cooled in October, with builders pulling 5.9 percent fewer permits than in October 2013.

Shelby County homebuilders pulled 63 permits in October, down 5.9 percent from 67 in October 2013, according to real estate information company Chandler Reports, chandlerreports.com. The 63 permits filed in October is down 18 percent from the 77 permits builders filed in Shelby County in September.

28. Amusement Parks Challenged By Home Entertainment -

ORLANDO, Fla. (AP) – Your local fun zone, amusement center and theme park is facing an existential challenge these days.

They need to lure you, the American guest, off your sofa with your high resolution, interactive video games and into their world of fun – real life fun.

29. Green Hills in Full Boom Despite Traffic Woes -

Stephen Graw first moved to Green Hills in 2004 right after college, renting a house with a bunch of buddies from school. Like his neighborhood, he’s done a lot of growing in the last decade and is now a senior advisor at Sperry Van Ness Nashville and on the Chamber West Leadership Council.

30. Hillsboro High Land Sale: New School, Big Profit -

Merritt Rowe knows her children will never personally benefit from any changes to Hillsboro High School in Green Hills, but as the parent of two current students and another starting next year, it is something she is willing to fight for and encourages other parents – especially those of future students – to do the same.

31. Rogero Talks ‘Smart Growth,’ Democratic Politics -

Knoxville Mayor Madeline Rogero became the first woman to hold that office when she won the election in 2011.

She’s been actively involved in a number of local issues since her election, from urban-core revitalization and business recruitment to broader social issues such as marriage equality.

32. Makowsky Ringel Greenberg Still Going Strong -

In 2008, Memphis-based Makowsky Ringel Greenberg LLC acquired land inside the Schilling Farms community in Collierville for a new high-end apartment development.

33. Trustmark’s Neal Finds Plenty to Like in CRE -

Trustmark National Bank senior vice president Rick Neal, who manages the bank’s commercial real estate efforts for the Memphis region, came to the bank in 2012 for a couple of reasons.

34. Blackberry Expanding Its Mobile-Security Arsenal -

SAN FRANCISCO (AP) – BlackBerry is expanding its efforts to sell mobile-security software on its rivals' smartphones and tablets to help counter the waning popularity of its own devices.

35. Pyramid’s Past Life Almost Vanished -

On the north side of The Pyramid, you can still see signs of what once was, in a way that makes 20 years seem like centuries ago.

The logo for the city’s old Wonders series of exhibitions is the most noticeable indicator of the past life of a structure long ago stripped of the seating bowl that made it an arena.

36. Harahan Boardwalk Construction Begins -

It was about four years ago that a group of Memphians flew to Omaha, Neb., to talk with Union Pacific railroad executives about building a bicycle and pedestrian boardwalk on the northern side of the Harahan Railroad Bridge across the Mississippi River.

37. Station Inn: Music History Amid Gulch High-Rises -

J.T. Gray – who pioneered smokeless nightclubs before it became fashionable (and/or mandated) – is glad to see sparkling condo towers, office buildings, restaurants and the like sprouting around him. After all, these newcomers eventually might find themselves inside his time-out-of-mind blockhouse where Bill Monroe used to just drop by and pick.

38. Midtown Cash Saver Property Sells for $5.3 Million -

1620 Madison Ave.
Memphis TN 38104
Sale Amount: $5.3 million

Sale Date: Oct. 24, 2014
Buyer: LAG Memphis LLC
Seller: Super Market Developers Inc.
Loan Amount: $3.9 million
Loan Date: Oct. 24, 2014
Lender: Ladder Capital Finance LLC
Details: The Cash Saver property on Madison Avenue in Midtown has been sold for $5.3 million.

39. Midtown Cash Saver Property Sells for $5.3 Million -

The Cash Saver store on Madison Avenue in Midtown has sold for $5.3 million.

Super Market Developers Inc., an affiliate of Associated Wholesale Grocers Inc., sold the grocery store at 1620 Madison Ave. to LAG Memphis LLC, which is affiliated with New York-based Ladder Capital Finance LLC, according to an Oct. 24 special warranty deed.

40. Editorial: Overton Square Comeback Proof of Possibilities -

Overton Square is back in ways few of us could have foreseen just three years ago.

And that’s the point – ways few of us could have foreseen.

The direct cause is millions of dollars invested by Loeb Properties, a Memphis company that knows what was, what could be and the necessary difference between the two.

41. Turner Looks to Increase Professional Advancement in Commercial Real Estate -

Bob Turner has a diverse background in real estate, including long stints in both residential and commercial development.

42. Battle Rages On Between Regional Foes -

In October, Old Dominion Freight Line Inc. opened the door, or 267 doors to be more precise, on its new $30 million service center in Memphis.

43. Real Estate Rally -

Commercial real estate can offer insight into the strength of the local economy. Through the office, retail, industrial and apartment developments that mark the region the economy at work in the real world can be seen.

44. Midtown Cash Saver Property Sells for $5.3 Million -

The Cash Saver store on Madison Avenue in Midtown has sold for $5.3 million.

Super Market Developers Inc., an affiliate of Associated Wholesale Grocers Inc., sold the grocery store at 1620 Madison Ave. to LAG Memphis LLC, which is affiliated with New York-based Ladder Capital Finance LLC, according to an Oct. 24 special warranty deed.

45. Midtown Cash Saver Store Sells for $5.3 Million -

The Cash Saver store on Madison Avenue in Midtown has sold for $5.3 million.

Super Market Developers Inc., an affiliate of Associated Wholesale Grocers Inc., sold the grocery store at 1620 Madison Ave. to LAG Memphis LLC, which is affiliated with New York-based Ladder Capital Finance LLC, according to an Oct. 24 special warranty deed.

46. Marine Hospital, I-55 Roundabout Draw Interest -

The public’s first opportunity to get a look at the old U.S. Marine Hospital by Chickasaw Heritage Park earlier this year included a chance to walk around the old set of buildings and the grounds overlooking the Mississippi River.

47. New Tech Group Formed to Expand Community -

This year’s TechCamp Memphis event, which happens Nov. 1, will represent more than just a one-day conference for design, development and marketing professionals in the Memphis area.

The event, now in its third year, also marks the first official event from the Memphis Technology Foundation, a new nonprofit put together by leaders in the city’s technology community to help that community grow. The group plans to do so by helping the city’s designers, developers, makers and technology aficionados find new ways to band together, learn from each other and network.

48. Experts to Provide Commercial Real Estate Outlook at Seminar -

Yes, Overton Square is booming, but that may not have been the case without Memphis-based Loeb Properties Inc.

49. Thinner iPads, Sharper iMacs in Apple's Lineup -

CUPERTINO, Calif. (AP) – Apple unveiled a thinner iPad Thursday with a faster processor and a better camera as it tries to drive excitement for tablets amid slowing demand. The company also released an update to its Mac operating system and introduced a high-resolution iMac model that might appeal to heavy watchers of television over the Internet.

50. Acura of Memphis Owner Buys Dealership, Land -

2611 Ridgeway Road, 6055-6085 Acura Cove
Memphis, TN 38119
Sale Amount: $12.4 million

51. Developers Seek Permit for The Annex Lofts -

Developers are preparing to move forward with The Annex Lofts project Downtown.

Vince Smith Jr., who is teaming up with Robert Mallory, applied for a $1.6 million building permit through the city-county Office of Construction Code Enforcement to begin converting the 38,776-square-foot space at 345 S. Front St. into 23 apartments. The Annex Lofts will also include an interior courtyard and basement parking.

52. Developers Seek Permit for The Annex Lofts -

Developers are preparing to move forward with The Annex Lofts project Downtown.

Vince Smith Jr., who is teaming up with Robert Mallory, applied for a $1.6 million building permit through the city-county Office of Construction Code Enforcement to begin converting the 38,776-square-foot space at 345 S. Front St. into 23 apartments. The Annex Lofts will also include an interior courtyard and basement parking.

53. TGI Fridays Franchisee Buys 3 Local Restaurants -

A New Orleans-based restaurant group has acquired three local TGI Fridays restaurants.

Southeast Restaurant Group bought the restaurants at 8325 U.S. 64, 7733 Winchester Road and 176 Goodman Road in Southaven, part of a broader 20-restaurant deal.

54. Downtown Knoxville Tourism Finally Finds its Stride -

When Kim Trent moved to Knoxville in 1990, she could stand along Gay Street on a Sunday and be the only soul in sight. Today, she’s a face in the crowd.

55. App Teaches Kindergartners Basic Computer Coding -

CAMBRIDGE, Mass. (AP) – This computer programming app is so easy to use that even a kindergartener can do it.

Researchers in Massachusetts have created a basic computer coding app that they say is the first designed specifically for children as young as 5. Kids who haven't yet learned to read can use the app to craft their own interactive stories and games.

56. Williams-Sonoma Growth Highlights DeSoto Push -

In 1999, Williams-Sonoma Inc. opened its first DeSoto County distribution center on Polk Lane in Olive Branch.

57. University of Tennessee Students Help Design Nashville’s Future -

Nashville may be a city on the rise, attracting new residents by the droves. But it’s also a laboratory for students at the University of Tennessee-Knoxville’s College of Architecture and Design, where they are designing the communities of the future in partnership with the Nashville Civic Design Center.

58. HipD: Donelson Finds Its Cool Side -

The tag “Hip Donelson” evoked plenty of snickers, eye rolls and snarky comments when it first appeared. After all, the local joke goes, Donelson’s known for hip replacements – not hipsters.

59. Cummins Eyes Memphis Site for Expansion -

Cummins Inc. is eyeing a Memphis property for a planned expansion of the company’s distribution operations, a move that would be welcome news for Memphis officials.

60. Road to Better Mass Transit -

Picking a new transit chief is critical for a city in transition.

Next year, Nashville residents will elect a new mayor and turn over its large Metro Council.

Davidson County also expects some 200,000 new residents over the next 20 years, and much of the success of future development will depend on the ease of navigating around Nashville – already the nation’s second-worst area for sprawl, according to Smart Growth America.

61. Harold Ford Funeral Home Files Construction Loan -

1670 Sycamore View Road
Memphis, TN 38134
Loan Amount: $2.6 million

Loan Date: Sept. 4, 2014
Maturity Date: N/A
Borrower: Harold Ford Sycamore View LLC and Serenity Columbarium and Memorial Gardens LLC
Lender: Regions Bank
Details: The Harold Ford Funeral Chapel at 1670 Sycamore View Road in Northeast Memphis has filed a $2.6 million construction loan on the property.

62. East Memphis Office Building Sells for $3 Million -

The 20,336-square-foot, two-story office building at 1000 Brookfield Road in East Memphis has sold for $3.3 million.

63. Memphis Banks Expanding Without Actually Moving -

In banking, growth and expansion don’t have to mean scouting other cities and markets for ideal spots on which to set up new brick-and-mortar locations.

Such locations, in fact, are particularly costly propositions at a time when customers are visiting the drive-thrus and bank tellers at such locations increasingly less as mobile options proliferate. But just because a bank’s physical location doesn’t expand outside of its core market, it doesn’t mean the bank’s deal flow is confined to the same area.

64. Apple Reveals Larger iPhones and Smartwatch -

CUPERTINO, Calif. (AP) – For the first time in years, Apple's iPhones weren't the star of the show. Apple unveiled a smartwatch on Tuesday, a wearable device that marks the company's first major entry in a new product category since the iPad's debut in 2010.

65. County Commission Begins New Term -

Shelby County Commissioners elect a new chairman Monday, Sept. 8, for the next year at the first voting meeting of their four-year term of office.

And their agenda includes votes on appointments by Shelby County Mayor Mark Luttrell to his second-term team of division directors and administrators.

66. Coalition Works to Preserve Nashville's Music Row -

NASHVILLE (AP) – With development squeezing Nashville's famous Music Row, some in the music industry say time is running out to preserve the district's character and the studios where the Music City's iconic sounds were born.

67. US Home Prices Rose at Slower Pace in July -

WASHINGTON (AP) – U.S. home prices rose in July but at a slower rate compared with earlier this year. The moderating price increases could help support sales.

Real estate data provider CoreLogic said Tuesday that prices rose 7.4 percent in July from July 2013. That was slightly below June's year-over-year increase of 7.5 percent and far below a recent peak of 11.9 percent in February.

68. Developers Swing, Miss in Attempt to Buy Prime Germantown Locale -

The first time I stepped into this mustard-yellow building at 300 Jefferson Street to ask how it felt to have the Nashville Sounds moving in across the street, Wayne Woelk, 50, was having a heart attack.

69. Changing Landscape -

A “high-end” grocery store chain not currently serving the Memphis market has leased the shuttered former Kroger store at 9050 U.S. 64 in Lakeland and should open in the spring, according to a Lakeland official.

70. Shelby County New-Home Permits Drop 7.8 Percent in July -

The local homebuilding industry can still mystify a veteran builder and developer like David Goodwin Jr.

Goodwin and other homebuilders expected 2014 to be a healthy year for the industry, especially entering the spring and early summer.

71. Rail House Roots -

Editor’s note: This is the third in a three-part series. “Rail house” is a term that businesses – especially restaurants and bars – near train tracks, or with railroad motifs, use in their names.

72. Reshaping a City, One Lot at a Time -

John G. Brittle Jr. doesn’t have an office. He has a war room. The space, crowded with maps, charts, books, piles of paper and marked-up spreadsheets, is ground zero for InfillNashville, the 10-person team of site selection specialists that Brittle leads at Village Real Estate Services.

73. Developers Try Again on Proposed Highland McDonald's -

The developer behind a proposed McDonald’s on Highland Avenue near the University of Memphis is making another attempt at the project.

The University Neighborhood Development Corp. is hosting a meeting Thursday, Aug. 14, with representatives of the development team to discuss a new site plan for the proposed restaurant. The meeting is scheduled for 6 p.m. at St. Luke’s United Methodist Church.

74. Rail Houses in Art, Elsewhere -

Editor’s note: This is the second in a three-part series.

The quest continues for a definition of rail house, a term found in business names across several countries. Most Rail Houses are eateries, or drinkeries, but there’s a rec center, an event venue, a B&B, a brewery or two, office buildings, and more. A typical Rail House is near the tracks, has a train station motif, and may be located in a remodeled railway building.

75. Graceland Campus Financing Relies on Tight Boundaries -

When Elvis Presley Enterprises breaks ground next week on the $75 million, 450-room hotel-resort it will build north of Graceland mansion, it will be the beginning of crossing something off the company’s wish list since Elvis Presley’s mansion opened for tours in the early 1980s.

76. Pew: Split Views on Robots' Employment Benefits -

WASHINGTON (AP) – In 2025, self-driving cars could be the norm, people could have more leisure time and goods could become cheaper. Or, there could be chronic unemployment and an even wider income gap, human interaction could become a luxury and the wealthy could live in walled cities with robots serving as labor.

77. Home Market Still Facing Obstacles -

After suffering through a brutal slump in the wake of the worst economic downturn in decades, the local real estate industry has slowly merged onto the road to recovery, though a few speed bumps that could slow progress remain.

78. Lot Shortage Poses Next Roadblock -

Local homebuilders say a dearth of developed lots is slowing down the new housing rebound, weighing down an industry still trying to drag itself out of the rubble left by the worst recession in decades.

79. French Fort Plan Calls for $150 Million Development -

What would begin as 67 apartments in the former U.S. Marine Hospital and nurses’ quarters on the northern edge of the French Fort neighborhood would grow in phases to a $150 million development south of E.H. Crump Boulevard, according to a plan unveiled over the weekend.

80. Asics America to Expand Byhalia Footprint -

Asics is expanding its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park area by 342,144 square feet.

The expansion comes on the heels of a 513,000-square-foot build-to-suit completed in 2010, and now will consolidate the footwear distribution center with the apparel distribution center, which was previously located in Southaven. Asics hopes to improve its overall efficiency by combining the two components under one roof, which will total 855,144 square feet.

81. Microsoft Cutting 18,000 Jobs, Signals New Path -

LOS ANGELES (AP) – Microsoft announced the biggest layoffs in its history Thursday, saying it will cut 18,000 jobs as it streamlines its Nokia mobile device business to focus on using the Windows Phone operating system.

82. Uphill Climb -

Shelby County’s homebuilding industry is off to a slow start in 2014, with builders filing 16.6 percent fewer permits in the second quarter than in the same three-month period a year ago.

Builders filed 245 permits in Shelby County in the second quarter, compared with 294 permits in the second quarter of 2013, according to real estate information company Chandler Reports, www.chandlerreports.com. Builders filed 191 permits in the first quarter.

83. Asics America to Expand Byhalia Footprint -

Asics is expanding its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park area by 342,144 square feet.

The expansion comes on the heels of a 513,000-square-foot build-to-suit completed in 2010, and now will consolidate the footwear distribution center with the apparel distribution center, which was previously located in Southaven. Asics hopes to improve its overall efficiency by combining the two components under one roof, which will total 855,144 square feet.

84. Asics America Expanding in Byhalia -

Asics America Corp. is expanding its footprint in Byhalia, Miss.

The company is adding 342,144 square feet to its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park.

85. Economic Development Growth Engine Looks to Make PILOTs More Effective -

For years, the payment-in-lieu-of-taxes incentive used to recruit or retain jobs in Memphis and Shelby County has been a lightning rod for criticism, particularly from municipal labor unions who view the incentives as corporate welfare that erodes the tax base.

86. ‘Significant Headwinds’ -

When Gov. Bill Haslam joined local economic development and civic officials at FedExForum in January to announce that Conduit Global would open a call center in Shelby County that would employ 1,000 people over the next three to five years, it provided a much-needed boost to the local office real estate sector.

87. FAA, Developers Clash Over Tall Buildings -

WASHINGTON (AP) – The government wants to dramatically reduce the allowable height of buildings near hundreds of airports – a proposal that is drawing fire from real estate developers and members of Congress who say it will reduce property values.

88. Google Shows Off Android Auto, Wearables -

SAN FRANCISCO (AP) – Some 1 billion people are now using Android devices, Google said as the company kicked off its two-day developer conference Wednesday in San Francisco.

But the online search leader's effort to broaden its focus beyond smartphones and tablets was on full display as the company unveiled far-reaching plans to push further into the living room, the family car and the TV set.

89. Building Permits Tumble 38 Percent in May -

Homebuilding activity slowed in May compared to a year ago, with builders filing fewer permits and selling fewer new homes than the same month last year.

Builders pulled 72 permits in Shelby County in May, down 38.4 percent from 117 permits in May 2013, according to real estate information company Chandler Reports, www.chandlerreports.com. The 72 permits filed by builders in May were up slightly from 68 permits filed in April.

90. Kitsinger Continues Downtown Work With The Development Studio -

As an architect and planner, Andy Kitsinger worked on large projects whose scale immediately changed areas, even as they were being built.

And he’s also worked on developments and projects that are smaller – sometimes part of the ripple effect of larger projects, but no less important or influential.

91. What to Aid Ailing Casino Market -

TUNICA RESORTS, Miss. (AP) – As Tunica grapples with the Harrah's closure, the state of Mississippi hasn't acted to support the industry. But there are proposals under discussion that might bolster the remaining casinos and the tax revenue they produce. Here's a brief look at some:

92. Back on Track -

Two major Downtown projects that suffered setbacks after the real estate market seized up when the recession battered the economy are poised for a comeback.

Real estate experts and Downtown officials say the prospects for the Horizon on the southern end of Downtown and One Beale at Beale Street and Riverside Drive appear promising.

93. ‘A Step Closer’ -

The general contractor for the Crosstown redevelopment project recently applied for three building permits totaling $115.3 million as the development team approaches a key period for financing the ambitious project.

94. Oil Company Approved for Former International Paper Site -

A portion of the former International Paper property in Natchez, Miss., is now under option to a company involved in the extraction of oil from the Tuscaloosa Marine Shale.

Natchez Inc. Executive Director Chandler Russ told The Natchez Democrat the transaction comes with the promise of 20 jobs. Russ said local officials are under a confidentiality agreement.

95. Judge: East Tennessee City Can Change Name to Rocky Top -

NASHVILLE (AP) – A federal judge has given a former coal mining town in East Tennessee the go-ahead to change its name to Rocky Top – a move that developers have said is needed to entice them to build a massive tourist complex in the town of 1,800 people.

96. Microsoft Unveils Larger Surface Tablet -

NEW YORK (AP) – Microsoft announced a larger version of its Surface tablet to make the device more compelling as a laptop replacement.

The Surface Pro 3 will have a screen measuring 12 inches diagonally, up from 10.6 inches in previous models. Microsoft said it's also thinner and faster than before. The company said it worked closely with chip-maker Intel Corp. to maximize performance in a slim device.

97. Mind Over Data Captures Imagination With Touch Screens -

Mind Over Data is one of those Memphis companies that tends to fly under the radar, even though its high-tech handiwork can be found across the country and easily touches the imagination of people who encounter it.

98. ‘Higher Level’ -

Elvis Presley Enterprises CEO Jack Soden described his job last week as conveying the excitement he feels about the coming of a 450-room hotel next door to Graceland, while tempering that with the reality that while he wants to get it done as quickly as possible, it might be done in phases.

99. Google Resumes Glass Sales in the US -

SAN FRANCISCO (AP) – Google is once again selling its Internet-connected eyewear to anyone in the U.S. as the company fine-tunes a device that has sparked intrigue and disdain for its potential to change the way people interact with technology.

100. House Votes to Make Research Tax Credit Permanent -

WASHINGTON (AP) – The House voted Friday to make permanent a tax credit that rewards businesses for investing in research and development, pushing Congress toward an election-year showdown over a series of expired tax breaks that are popular back home but add billions to the budget deficit.