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Editorial Results (free)

1. Is Hot Market for IPOs Cooling? -

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

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

2. 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.

3. 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.

4. Tripp Logistics Renews Nonconnah Corporate Center Lease -

Shawn Glemser, founder and owner of Tripp Logistics, a locally owned and operated logistics and transportation company, has renewed his lease at Nonconnah Corporate Center. Elliot Embry and Hank Martin of NAI Saig Co. represented the landlord, Nonconnah Holdings LLC.

5. 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.

6. Intellectual Property Audits for Companies -

Successful businesses routinely conduct audits of their assets, such as merchandise or financial holdings. Audits are fundamental to making informed business decisions that lead to an efficiently managed business.

7. Georgian Woods Apartments Sell for $3.9 Million -

118 St. Agnes Drive
Memphis, TN 38112

Sale Amount: $3.9 million

Sale Date: March 14, 2014

Buyer: Georgian Woods Property Owner LLC

8. Georgian Woods Apartments Sell for $3.9 Million -

The 100-unit Georgian Woods Apartments at 118 St. Agnes Drive in Midtown has sold for $3.9 million.

Georgian Woods Property Owner LLC, an affiliate of Woodbury, N.Y.-based CLK Properties, bought the property, whose alternate address is 2451 Union Ave., in a March 14 special warranty deed.

9. Flight Cancelations Take a Toll on Airline Revenue -

DALLAS (AP) – Airlines are still tallying up the damage from this winter's storms, but solid demand for travel means they are likely to weather the rocky start to 2014 in good shape.

Reports from some of the airlines point to higher average prices, and executives say spring bookings look strong.

10. 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.

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

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

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

12. How to Fight the Flat -

Markets have regained their composure after a sharp, but necessary, sell off in early January. Sentiment has now retreated from the euphoric levels reached toward the end of last year, to more neutral levels.

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

The 20-unit multifamily building at 199 S. McLean Blvd. in Midtown has sold for $840,000.

Zaki Holdings LLC, whose address is in care of Germantown real estate company MTC Management, bought the 21,624-square-foot apartment complex in a Feb. 21 warranty deed from Colonial House LP.

14. Orpheum Files Permit For Performing Arts Center -

225 S. Main St.
Memphis, TN 38103

Permit Cost: $10.2 million

Project Cost: $14.5 million

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

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

16. Industrial Portfolio Sells for $17 Million -

An affiliate of Boston-based Taurus Investment Holdings LLC has paid close to $17 million for a 650,000-square-foot industrial portfolio on South Mendenhall Road in Hickory Hill.

17. Yellen to Investors: Expect Continuity at the Fed -

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen sought Tuesday to reassure investors that she will embrace the approach to interest-rate policy that her predecessor, Ben Bernanke, pursued before he stepped down as chairman last month.

18. St. Jude Campaign Raises $97 Million -

The 10th annual St. Jude Thanks and Giving Campaign raised more than $97 million to support St. Jude Children’s Research Hospital, representing a projected 31 percent increase over the previous year.

19. Buckman Sees Leadership Changes -

Kathy Buckman Gibson is changing her role in the Buckman family business, Buckman International.

Buckman Gibson became president and chief operating officer of the global specialty chemical company with a company announcement Thursday, Jan. 30. She had been chairman of the Buckman board since 2000.

20. Germantown Board OKs Whole Foods Zoning -

Two major retail projects in Germantown have received a green light to move forward.

The Germantown Board of Mayor and Aldermen on Monday, Jan. 27, approved several zoning exemptions for a proposed Whole Foods store – important votes that moved the project closer to completion – as well as a redevelopment plan for the Shops at Saddle Creek.

21. Diamond-Roberts Merger Announces New Name -

The newly merged Diamond Cos. and Roberts Truck Center dealerships have settled on a new name and logo.

The new company will be called Summit Holdings and will do business as Summit Truck Group, Summit Bus and Summit Lease & Rental. The new Summit logo uses orange and grey lettering to represent the merger of the two family businesses.

22. Council OKs Street Closures In Washington Bottoms -

The Memphis City Council approved Tuesday, Jan. 21, a set of six alley and street closures on parcels totaling 28 acres in the Poplar Avenue-Cleveland Street area. The area, once known as Washington Bottoms, was cleared of buildings in 2008 in anticipation of redevelopment by a Memphis division of WSG Development Co. of Miami Beach, Fla.

23. Council OKs Street Closures in Washington Bottoms -

The Memphis City Council approved Tuesday, Jan. 21, a set of six alley and street closures on parcels totaling 28 acres in the Poplar Avenue-Cleveland Street area. The area, once known as Washington Bottoms, was cleared of buildings in 2008 in anticipation of redevelopment by a Memphis division of WSG Development Co. of Miami Beach, Fla.

24. Council Gets Overview of Public Safety Spending -

Memphis City Council members got a first and at times conflicting look Tuesday, Jan. 21, at the hard decisions they could make about city spending on public safety.

Memphis Mayor A C Wharton Jr. walked the council through some ideas for cuts in city spending beyond larger changes in city retirement and health benefits. Those obligations are the “cornerstone” of the efforts to get the city’s financial house in order, said city Chief Administrative Officer George Little.

25. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

26. Diamond-Roberts Merger Announces New Name -

The newly merged Diamond Cos. and Roberts Truck Center dealerships have settled on a new name and logo.

The new company will be called Summit Holdings and will do business as Summit Truck Group, Summit Bus and Summit Lease & Rental. The new Summit logo uses orange and grey lettering to represent the merger of the two family businesses.

27. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

28. Collierville Fred’s Sells for $1.5 Million -

450 U.S. 72
Collierville, TN 38017
Sale Amount: $1.5 million

Sale Date: Dec. 20, 2013
Buyer: Collierville Realty Holdings LLC
Seller: Washington Square Properties (a Tennessee general partnership composed of Thomas W. Taylor, trustee of the Thomas W. Taylor Revocable Living Trust dated April 27, 2000, and Thomas W. Hart)
Loan Amount: $793,000
Loan Date: Dec. 20, 2013
Maturity Date: Dec. 20, 2016
Lender: First Capital Bank
Details: The 19,152-square-foot fred’s retail store at 450 U.S. 72 in Collierville has sold for $1.5 million.

29. Verso Paper Acquires NewPage in $1.4B Deal -

Coated papers maker Verso Paper is buying NewPage Holdings Inc. in a deal valued at $1.4 billion including debt.

30. Collierville Fred’s Sells for $1.5 Million -

The 19,152-square-foot fred’s retail store at 450 U.S. 72 in Collierville has sold for $1.5 million.

Collierville Realty Holdings LLC bought the retail property in a Dec. 20 warranty deed from Washington Square Properties, a Tennessee general partnership composed of Thomas W. Taylor, trustee of the Thomas W. Taylor Revocable Living Trust dated April 27, 2000, and Thomas W. Hart.

31. Germantown Planning Commission OKs Plan for Whole Foods -

Developers on Tuesday, Jan. 7, cleared a key regulatory hurdle for a planned Whole Foods Market store in Germantown.

Before a packed house, the Germantown Planning Commission voted to approve a revamped plan for a new Whole Foods store at the southeast corner of the intersection of Poplar Avenue and Pete Mitchell Road, on the eastern edge of Germantown’s Central Business District.

32. Yellen Faces Challenges as Fed Trims Bond Buys -

WASHINGTON (AP) – Janet Yellen will take the helm of a Federal Reserve facing a significantly different economic landscape from the one that dominated Ben Bernanke's tenure as chairman, confronting her with different decisions as well.

33. Resolve to Right Your Finances -

It’s 2014. Odds are you made a resolution this year. Maybe you want to lose weight, get a new job or learn to cook. But how do your finances look? If you aren’t thinking about retirement, education or just saving for a rainy day, 2014 is the time to start. If you are thinking about it, where do you stand? Regardless of your situation, I’d like to challenge you to do a few things to better your financial situation in 2014.

34. T-Mobile to Buy Spectrum Licenses From Verizon -

BELLEVUE, Wash. (AP) – T-Mobile said Monday that it's reached deals to buy spectrum licenses from Verizon Wireless for $2.37 billion in cash, allowing it to improve certain kinds of cellular service in markets across the U.S.

35. Oakhaven Warehouse Sells for $1.2 Million -

4300 Air Trans Road
Memphis, TN 38118
Sale Amount: $1.2 million

Sale Date: Dec. 17, 2013
Buyer: Chob Realty LLC
Seller: Tenn Trans LLC
Loan Amount: $950,000
Loan Date: Dec. 19, 2013
Maturity Date: N/A
Lender: BankPlus
Details: The 109,626-square-foot warehouse at 4300 Air Trans Road in Oakhaven has traded hands for $1.2 million.

36. Verso Paper Buying NewPage in $1.4 Billion Deal -

NEW YORK (AP) – Coated papers maker Verso Paper is buying NewPage Holdings Inc. in a deal valued at $1.4 billion including debt.

37. Court Reinstates Antitrust Suit Against Dean Foods -

NASHVILLE (AP) – A federal appeals court has reinstated a lawsuit that claims Dean Foods conspired with another milk processor and a dairy cooperative to reduce competition in the milk industry.

38. Corinth Silicon Plant Adds to 2013 Mississippi Jobs Total -

Mississippi Gov. Phil Bryant capped a busy 2013 on the economic development front with a New Year’s Eve announcement of a $200 million silicon metal plant near Corinth.

The Mississippi Silicon plant will employ 200 when completed in the town of Burnsville, 100 miles southeast of Memphis. The metal made there will be used in chemical, aluminum and automotive plants.

39. Plans in Works for Dormant Midtown Project -

City officials are working on plans to kick-start the dormant Washington Bottoms project at Poplar Avenue and Cleveland Street in Midtown.

Memphis Housing and Community Development director Robert Lipscomb confirmed that he is working on the effort but said he was not yet able to release detailed information on the project.

40. Mid-South Food Bank Files $1.6 Million Loan -

Mid-South Food Bank has filed a $1.6 million on its newly acquired property at 3834 Knight Road in Oakhaven.

41. Corinth Silicon Plant Adds to 2013 Mississippi Jobs Total -

Mississippi Gov. Phil Bryant capped a busy 2013 on the economic development front with a New Year’s Eve announcement of a $200 million silicon metal plant near Corinth.

The Mississippi Silicon plant will employ 200 when completed in the town of Burnsville, 100 miles southeast of Memphis. The metal made there will be used in chemical, aluminum and automotive plants.

42. Tribune Co. Closes on Local TV Deal -

CHICAGO (AP) – The Tribune Co. said Friday that it has completed its $2.73 billion acquisition of Local TV Holdings LLC.

43. Jos. A. Bank Turns Down Men's Wearhouse Offer -

NEW YORK (AP) – Jos. A. Bank rejected a takeover offer from competitor Men's Wearhouse, saying the $1.54 billion bid is too low.

44. Foreign Holdings of Treasury Debt Rise in October -

Foreigner buyers of U.S. Treasury securities increased their holdings for a third month in October, despite budget battles in Washington that shut down the government for 16 days that month.

The Treasury Department says total foreign holdings edged up 0.01 percent in October to $5.65 trillion after a 1 percent gain in September. Holdings had fallen from April through July, likely reflecting concerns about rising interest rates. In October, holdings were 1.2 percent below the record high of $5.72 trillion reached in March.

45. Foreign Holdings of Treasury Debt Rise in October -

Foreigner buyers of U.S. Treasury securities increased their holdings for a third month in October, despite budget battles in Washington that shut down the government for 16 days that month.

The Treasury Department says total foreign holdings edged up 0.01 percent in October to $5.65 trillion after a 1 percent gain in September. Holdings had fallen from April through July, likely reflecting concerns about rising interest rates. In October, holdings were 1.2 percent below the record high of $5.72 trillion reached in March.

46. Stites & Harbison Brings Patent Expertise to Bioworks -

In an effort to enhance expertise in patent cases among U.S. district judges, the 10-year Patent Pilot Program went into effect assigning patent cases to 14 federal district courts in 2011. The U.S. District Court for the Western District of Tennessee was one of those courts chosen.

47. Whole Foods Delays Germantown Store Request -

The development team behind a proposed Whole Foods store in Germantown has withdrawn its application from the Germantown Planning Commission’s Tuesday, Dec. 3, agenda and will return next month.

48. Traffic Concerns Delay Germantown Whole Foods -

The development team behind a proposed Whole Foods store in Germantown is going back to the drawing board after some neighbors expressed concerns about the project, particularly over traffic.

The development team withdrew its application from the Germantown Planning Commission’s Tuesday, Dec. 3, agenda and will return next month. After that, the development team would need approval from Germantown’s Board of Mayor and Aldermen.

49. Whole Foods Delays Germantown Store Request -

The development team behind a proposed Whole Foods store in Germantown has withdrawn its application from the Germantown Planning Commission’s Tuesday, Dec. 3, agenda and will return next month.

50. Mid-South Food Bank Buys Oakhaven Warehouse -

3834 Knight Road
Memphis, TN 38118
Sale Amount: $3.6 million

Sale Date: Nov. 18, 2013
Buyer: The Mid-South Food Bank
Seller: 198-6 Memphis Industrial Portfolio Holdings LLC
Details: Mid-South Food Bank has paid $3.6 million for the 122,496-square-foot warehouse at 3834 Knight Road in Oakhaven.

51. Fresh Market, Whole Foods Seek Approval From Boards -

Two planned high-profile grocery stores will be seeking regulatory approval in the coming weeks.

The Fresh Market is applying for a special-use permit from the Land Use Control Board Dec. 12 to convert the existing Ike’s store on Union Avenue into one of the chains upscale grocery stores.

52. Mid-South Food Bank Buys Oakhaven Warehouse -

Mid-South Food Bank has paid $3.6 million for the 122,496-square-foot warehouse at 3834 Knight Road in Oakhaven.

53. Embassy Suites Memphis Sells for $24.8 Million -

1022 S. Shady Grove Road
Memphis, TN 38119
Sale Amount: $24.8 million

Sale Date: Nov. 15, 2013
Buyer: 1022 South Shady Grove LLC
Seller: 1022 Shady Grove LLC
Loan Amount: $22.6 million
Loan Date: Nov. 15, 2013
Maturity Date: N/A
Lender: Great American Life Insurance Co.
Details: An affiliate of Chicago-based hotel asset manager Lodging Capital Partners LLC has paid $24.8 million for the Embassy Suites Memphis hotel at 1022 S. Shady Grove Road in East Memphis.

54. Senate Panel Advances Yellen's Bid to Lead Fed -

WASHINGTON (AP) – A Senate panel on Thursday advanced Janet Yellen's nomination to lead the Federal Reserve, setting up a final vote in the full Senate after lawmakers return from a two-week Thanksgiving break.

55. Leases Push Renaissance Center Near Capacity -

The Renaissance Center office building in East Memphis should be near capacity early next year, following a series of recent lease signings.

Financial Federal signed a lease on Tuesday, Nov. 20, to occupy 27,000 square feet on the first and second floors of the Renaissance Center, 1715 Aaron Brenner Drive. In addition to the new location, the growing financial firm will have signage atop the East Memphis office building along Poplar Avenue east of Interstate 240.

56. Colonial Country Club Sells for $2 Million -

Colonial Country Club, at 2736 Countrywood Parkway in Cordova, has been sold in lieu of foreclosure for $2 million.

57. Olymbec Acquires 13-Building Bellbrook -

Olymbec USA LLC has snatched up two more key Memphis properties, including the 1.8 million-square-foot Bellbrook industrial park.

58. ServiceMaster to Spin Off Struggling TruGreen -

The ServiceMaster Co. plans to spin off its TruGreen lawn care business at the end of 2013 after several years in which the Memphis-based collection of residential- and commercial-services companies has struggled with the right business model for the TruGreen brand.

59. CubeSmart Sells Storage Facility for $7.9 Million -

2700 Poplar Ave.
Memphis, TN 38112
Sale Amount: $7.9 million

Sale Date: Nov. 4, 2013
Buyer: WCP/DSSH Holdings 16 LLC
Seller: CubeSmart LP
Details: Wayne, Va.-based self-storage real estate investment trust CubeSmart LP has sold the U-Store-It facility at 2700 Poplar Ave. in the 38112 ZIP code for $7.9 million.

60. Suburban Prospects -

Walker Taylor’s business philosophy is a simple one, and it’s helping keep his Germantown-based restaurant a must-visit for diners from around the world.

61. Indigo Going Ahead With Frontier Airlines Purchase -

DENVER (AP) – Indigo Partners LLC is going ahead with plans to buy Frontier Airlines, even though it failed to reach an agreement with the carrier's flight attendants' union.

62. CubeSmart Sells Storage Facility for $7.9 Million -

Wayne, Va.-based self-storage real estate investment trust CubeSmart LP has sold the U-Store-It facility at 2700 Poplar Ave. in the 38112 ZIP code for $7.9 million.

63. Twitter Just One Symptom of IPO Fever's Return -

IPO fever is back.

Five years after the financial crisis dampened enthusiasm for initial public offerings, investors are again eager to buy shares when companies start trading. Twitter is the star this week, but the number of offerings shows that it's not just social-media darlings that are seeking and attracting investors.

64. Apartment, Retail Markets Holding Steady -

The Memphis area multifamily and retail markets continue to chug along, with the newer, more upscale products in each sector propping up both overall markets.

Those trends and others in commercial real estate will be the subject of discussion Thursday, Nov. 7, during the 2013 Commercial Real Estate Review & Forecast, one of six seminars in The Daily News’ 2013 Seminar Series.

65. Settlement Approved in Google Stock Split Lawsuit -

WILMINGTON, Del. (AP) – A Delaware judge on Monday approved a settlement in a shareholder lawsuit challenging Google Inc.'s plans to split its stock and issue a new class of nonvoting shares.

66. Whole Foods Eyes Germantown Site -

Whole Foods Market and local development firm Cypress Realty Holdings Co. are targeting the Poplar Avenue corridor in Germantown for the Memphis area’s second Whole Foods store.

67. CubeSmart Sells Memphis Storage Portfolio for $31.3 Million -

Wayne, Va.-based self-storage real estate investment trust CubeSmart LP has sold 10 local storage facilities to affiliates of Emeryville, Calif.-based Devon Self Storage Holdings LLC.

68. Campbell Clinic Pays $3.2 Million for Surgery Center -

255 Dr. Martin Luther King Jr. Memphis, TN 38104
Sale Amount: $3.2 million

69. Buying Yellen -

President Obama recently made it official that Janet Yellen will succeed Ben Bernanke as the head of the Federal Reserve. Janet has spent much of her career as a dedicated and vocal advocate for the unemployed. With participation rates low, and the unemployment rate high, the markets anticipate that Janet will continue, if not augment, Ben Bernanke’s expansionary monetary policies. A renewed enthusiasm for monetary stimulus has had observable market impact.

70. Owner of Two Autobody America Shops Files Loan -

The owner of Autobody America body shops at 6957 Stage Road and 7291 Winchester Road has filed a $2.1 million loan on the properties.

71. Universal Asset Mgmt. Gets New Owner -

Memphis-based Universal Asset Management Inc., a global leader in aviation asset management, aircraft disassembly and commercial aviation aftermarket component sales, has a new owner.

72. Frontier Airlines Returns to Memphis -

Five years after Frontier Airlines’ rapid exit from Memphis International Airport, Frontier executives announced Wednesday, Oct. 9, the discount air carrier will return to town with four weekly nonstop flights between Memphis and Denver starting March 7.

73. Frontier Airlines Returns to Memphis -

Five years after Frontier Airlines’ rapid exit from Memphis International Airport, Frontier executives announced Wednesday, Oct. 9, the discount air carrier will return to town with four weekly nonstop flights between Memphis and Denver starting March 7.

74. Universal Asset Management Gets New Owner -

Memphis-based Universal Asset Management Inc., a global leader in aviation asset management, aircraft disassembly and commercial aviation aftermarket component sales, has a new owner.

75. Enterprise Holdings to Hire 11,000 -

ST. LOUIS (AP) – Enterprise Holdings told The Associated Press on Wednesday that it plans to hire 11,000 new workers by the middle of next year, thanks to the success of its trio of car rental companies.

76. Cypress Realty Holdings Buys 114 Acres for $2.5 Million -

An affiliate of Memphis-based real estate company Cypress Realty Holdings Co. has paid $2.5 million for 114 acres of land at the southwest corner of Walnut Grove and Houston Levee roads in unincorporated eastern Shelby County.

77. Keystone Landing Complex Sells for $4.6 Million -

4266 Ridgestone Road
Memphis, TN 38128
Sale Amount: $4.6 million

Sale Date: Sept. 12, 2013
Buyer: Keystone Landing Apartments LLC
Seller: Ridgemont Investors LLC
Loan Amount: $3.5 million
Loan Date: Sept. 12, 2013
Maturity Date: N/A
Lender: Arbor Commercial Funding LLC
Details: The 150-unit Keystone Landing apartment complex at 4266 Ridgestone Road in Raleigh has sold for $4.6 million.

78. Cypress Realty Sells Red Robin Ground Lease -

Memphis-based Cypress Realty Holdings Co. has sold the ground lease of the Red Robin restaurant at 1231 N. Germantown Parkway in Cordova for $2 million.

79. Combined Net Worth of America's Richest Rises -

NEW YORK (AP) – Life is good for America's super wealthy.

Forbes on Monday released its annual list of the top 400 richest Americans. While most of the top names and rankings didn't change from a year ago, the majority of the elite club's members saw their fortunes grow over the past year, helped by strong stock and real estate markets.

80. Hilton Worldwide Plans to Raise $1.25 Billion From IPO -

NEW YORK (AP) – Hotel operator Hilton Worldwide Holdings Inc. plans to raise $1.25 billion from an initial public offering of its common stock.

81. Historic Magevney House to Reopen Saturday -

After closing to the public eight years ago, the Magevney House, one of the oldest residences in the city, reopens to the public Saturday, Sept. 7, on a once-a-month basis.

The historic site will be a work in progress at least until next spring, when its restored kitchen garden and arbor begins to bloom again.

82. Henry Turley Co. Files Permits for South Junction -

727 E. Mann Circle; 726. E. Mann Circle; 725 W. Mann Circle; 35 W. Georgia Ave.; 649 Florida St.; 18 W. Carolina Ave.; 9 E. Carolina Ave.
Memphis, TN 38103
Permit Costs: $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.4 million

83. RE/MAX Holdings Files IPO Plans -

RE/MAX Holdings Inc. filed plans Monday to take the real estate brokerage firm public and raise up to $100 million.

84. Raleigh Court Townhomes Sell for $1.4 Million -

The 59-unit Raleigh Court Townhomes at 4230 Powers Road in Raleigh has sold for $1.4 million.

BSJW Real Estate Holdings GP bought the 43-year-old property in a July 22 warranty deed from Raleigh Court Townhomes LLC, which had acquired the property in 2004 for $1.9 million.

85. Medtronic Spine Revenue Declines 2.7 Percent -

Medtronic Inc. said its profit gained in the fiscal first quarter, buoyed by strong international growth and geographic expansion as well as robust demand for cardiac and vascular devices.

86. RE/MAX Files Plans for IPO -

RE/MAX Holdings Inc. filed plans Monday to take the real estate brokerage firm public and raise up to $100 million.

87. Oklahoma Hotel Group Buys Baymont Inn -

6020 Shelby Oaks Drive
Memphis, TN 38134
Sale Amount: $2.1 million

Sale Date: Aug. 6, 2013
Buyer: Champion Regional Development LLC
Seller: BRE/LQ Properties LLC
Loan Amount: $2.1 million
Loan Date: Aug. 7, 2013
Maturity Date: N/A
Borrowers: Sunny Management LLC; KNSB LLC; Jansa LLC
Lender: InterBank
Details: An affiliate of Oklahoma City-based Champion Hotels has paid $2.1 million for the 103-room Baymont Inn & Suites Memphis East hotel at 6020 Shelby Oaks Drive in Northeast Memphis.

88. Magevney House to Reopen in September -

Eight years after it was closed to the public by the city of Memphis, the Magevney House will reopen Sept. 7.

The limited opening of the historic home at 198 Adams Ave., part of the city’s museum system, will be from 1 p.m. to 4 p.m. on the first Saturday of each month. Tours of the house and garden will take about 40 minutes.

89. American Mini Storage on US 64 Sells for $2.4 Million -

The 10-building, 85,390-square-foot American Mini Storage at 7399 U.S. 64 in Northeast Memphis has sold for $2.4 million following a foreclosure.

An entity called 7399 US Highway 64 Holdings LLC – which is affiliated with Miami Beach, Fla.-based loan servicer LNR Partners LLC – bought the property in a July 15 substitute trustee’s deed from Stewart G. Austin Jr. and R. Mathew Brinner of Glankler Brown PLLC.

90. Magevney House Reopens in September -

Eight years after it was closed to the public by the city of Memphis, the Magevney House will reopen Sept. 7.

The limited opening of the historic home at 198 Adams Ave., part of the city’s museum system, will be from 1 p.m. to 4 p.m. on the first Saturday of each month. Tours of the house and garden will take about 40 minutes.

91. BlackBerry Weighs Putting Itself Up for Sale -

TORONTO (AP) – BlackBerry will consider selling itself after the long-awaited debut of its new phones failed to turn around the struggling smartphone maker.

The company said Monday that its board has formed a special committee to explore "strategic alternatives" in hopes of enhancing the company's value and boosting adoption of its BlackBerry 10 platform.

92. Hospital Operator HCA's Second-Quarter Profit Rises 8.2 Percent -

NASHVILLE (AP) – HCA Holdings Inc.'s second-quarter earnings climbed more than 8 percent, as the largest U.S. hospital chain saw admissions climb at its established locations and reaped more revenue out of each admission.

93. Community Health Systems Plans $3.9 Billion Acquisition -

Franklin, Tenn.-based Community Health Systems Inc. plans to spend $3.9 billion to acquire Health Management Associates Inc. in a deal that would create a giant U.S. hospital chain just as the health care overhaul starts funneling millions of newly insured people into the health care system.

94. Chief Marketing Officer Leaves First Tennessee Bank -

Dan Marks has left his job as chief marketing officer for First Tennessee Bank.

95. Former Theater Site Heads to Auction Block -

The Internal Revenue Service is auctioning a Midtown building with an interesting history.

On Friday, Aug. 9, at the Shelby County Courthouse, the IRS will auction the building and a vacant lot at 319 Dr. M. L. King Jr. Drive and 323 Dr. M. L. King Jr. Drive. The minimum bid the IRS is seeking is $12,356. The IRS seized the building for nonpayment of IRS taxes due from Faith Village.

96. Chief Marketing Officer Leaves First Tennessee Bank -

Dan Marks has left his job as chief marketing officer for First Tennessee Bank.

97. Fresh Market Eyes Midtown Property for New Store -

The Fresh Market, the upscale specialty grocery store, has had its sights on Midtown Memphis for some time and may have found the right address.

The Greensboro, N.C.-based grocer and retailer is eyeing the vacant office building and hotel at the southwest corner of Union Avenue and McLean Boulevard, according to several sources, who said the property is under contract to be purchased.

98. Investors to Scrutinize Bernanke's Latest Remarks -

WASHINGTON (AP) – Ben Bernanke's sway over financial markets has been on full display in recent weeks. When the Federal Reserve chairman speaks Wednesday to Congress, investors will once again parse each word for any subtle shift in the Fed's stance on interest rates.

99. Market of Riverdale Bend Sells for $6.2 Million -

7114-7186 Winchester Road Memphis, TN 38125

Sale Amount: $6.2 million

Sale Date: July 2, 2013

100. Minutes of Fed Policy Meeting Show Sharp Divisions -

WASHINGTON (AP) – Federal Reserve officials seem far from a consensus on the question that's consumed investors for months: When will the Fed slow its bond purchases?

Minutes of their June policy meeting show many members felt the job market's improvement would have to be sustained before the Fed would scale back its bond purchases, which have fueled spending and growth, lifted stocks and kept mortgage rates near record lows?