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Editorial Results (free)

1. Carlisle Corp. Buys Sharky's Property -

An affiliate of Carlisle Corp. has paid $2.9 million for the recently closed Sharky’s Gulf Grill at 6201 Poplar Ave.

2. As Fed Meets, Key Issues Likely to Stay Unanswered -

WASHINGTON (AP) — The Federal Reserve will likely end a policy meeting Wednesday with a lot of questions unanswered:

When will it start tightening its benchmark short-term interest rate to make sure future inflation remains under control? How will it do so? And when will the Fed start reducing its enormous investment holdings — a move that will put upward pressure on interest rates?

3. Fed Weighs Key Issues But May Reveal Little -

WASHINGTON (AP) — This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low.

This much is not: When will the Fed start tightening its interest-rate policy to thwart any runaway inflation? How will it do so? And when will the Fed start paring its enormous $4 trillion-plus investment portfolio — a step that will put upward pressure on interest rates?

4. Virgin America Files Plans for IPO -

NEW YORK (AP) — Virgin America's next destination is Wall Street.

The California-based airline filed on Monday for an initial public offering of shares.

Virgin America Inc., which operates out of Los Angeles and San Francisco, flies to 22 airports in the United States and Mexico and has a fleet of 53 planes. It is known for offering a variety of perks on its jets, including live TV, movies, leather seats and purple mood lighting.

5. Centennial Crossing Parcels Sell for $3.4 Million -

Two parcels in the Centennial Crossing shopping center in Southeast Shelby County have sold for $3.4 million following foreclosure.

An entity called 7915 Winchester Road Holdings LLC, which is an affiliate of CWCapital Asset Management LLC, bought 7915 Winchester Road and an outparcel of the center in a July 25 substitute trustee’s deed from R. Spencer Clift III of Baker, Donelson, Bearman, Caldwell & Berkowitz PC.

6. Airlines Report Big Second-Quarter Profits -

Investing in airlines has long been the butt of jokes, especially when many U.S. carriers traipsed through bankruptcy court in the past decade.

Now riding a post-merger tide of higher fares and stable fuel costs, those same airlines are piling up profits – and sharing the newfound riches with investors.

7. Retail Trade Group Reduces Annual Sales Forecast -

NEW YORK (AP) – The nation's largest retail trade group has pared its annual sales forecast because of slower-than-expected growth during the first half of the year tied to winter storms and lingering economic woes.

8. Yellen Says Economy Still Needs Fed Support -

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.

9. Fed Split on Signals for First Rate Increase -

WASHINGTON (AP) – Federal Reserve officials had differing views in June on the best way to signal to financial markets when they might raise a key short-term interest rate. They were in broad agreement, however, that they will likely announce an end to their monthly bond buying program in October.

10. Addison at Collierville Owner Files $17 Million Loan -

400 Orchard Circle
Collierville, TN 38017
Loan Amount: $16.8 million

Loan Date: July 1, 2014
Maturity Date: July 1, 2021
Borrower: G&I VII Addison at Collierville LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 226-unit Addison at Collierville apartments at 400 Orchard Circle W. has filed a $16.8 million loan on the property.

11. ServiceMaster Completes Initial Public Offering -

ServiceMaster Global Holdings Inc. announced Tuesday, July 1, that it has completed its initial public offering of common stock at $17 a share.

12. ServiceMaster Completes Initial Public Offering -

ServiceMaster Global Holdings Inc. announced Tuesday, July 1, that it has completed its initial public offering of common stock at $17 a share.

13. ServiceMaster Completes Public Offering -

ServiceMaster Global Holdings Inc. announced Tuesday, July 1, that it has completed its initial public offering of common stock at $17 a share.

14. Cypress Realty Files $7 Million Construction Loan -

Cypress Realty Holdings Co. has filed a $7 million construction loan for a medical office building on Wolf River Boulevard in Germantown.

15. Hollingsworth Buys Mississippi Industrial Property -

The Hollingsworth Cos., which operates a prominent industrial development company with holdings across the South, has acquired an industrial building in Senatobia, Miss.

Clinton, Tenn.-based Hollingsworth recently acquired the 198,450-square-foot building at 795 Shands Bottom Road in Senatobia from BMW.

16. ServiceMaster Begins Trading on NYSE -

The parent company of Memphis-based ServiceMaster Co. LLC began trading on the New York Stock Exchange Thursday, June 26, in an initial public offering of its common stock.

The move to the market comes a day after ServiceMaster Global Holdings Inc. announced it was pricing the offering of 35.9 million shares at $17 per share. The pricing was below analysts’ estimates of $18 to $21 per share.

17. Medtronic to Buy Irish Medical-Device Maker -

U.S. medical device manufacturer Medtronic has agreed to buy Ireland-based competitor Covidien for $42.9 billion in cash and stock.

The combined company would have its executive offices in Dublin, where it could benefit from Ireland’s lower corporate tax rates. But the merged company would continue to operate in Minneapolis, where Medtronic employs more than 8,000, the companies said late Sunday in a statement.

18. Fed Unlikely to Shift Course This Week -

When Federal Reserve officials gather this week and Fed Chair Janet Yellen speaks with reporters, investors will be seeking clues to two big questions:

When will the Fed finally start raising short-term interest rates?

19. Medtronic to Buy Irish Medical-Device Maker -

U.S. medical device manufacturer Medtronic has agreed to buy Ireland-based competitor Covidien for $42.9 billion in cash and stock.

The combined company would have its executive offices in Dublin, where it could benefit from Ireland's lower corporate tax rates. But the merged company would continue to operate in Minneapolis, where Medtronic employs more than 8,000, the companies said late Sunday in a statement.

20. Somerset Apartments Sell for $2.5 Million -

An entity called Memphis Winset LLC has paid $2.5 million for the 496-unit Somerset Park Apartment Homes in Oakhaven.

21. Aren Investments Buys Winchester Haverty’s -

6870 Winchester Road
Memphis, TN 38115
Sale Amount: $1.1 million

Sale Date: June 2, 2014
Buyer: Aren Investments LLC
Seller: Kirsch Associates LP
Loan Amount: $850,000
Loan Date: June 2, 2014
Maturity Date: Nov. 15, 2015
Lender: BancorpSouth Bank
Details: Local real estate investment firm Aren Investments LLC has paid $1.1 million for the Haverty’s furniture store at 6870 Winchester Road in Hickory Hill.

22. P.F. Chang's Confirms Credit Card Breach -

P.F. Chang's confirmed Friday that data from credit and debit cards used at its restaurants was stolen.

The company learned about the security breach on Tuesday from the U.S. Secret Service and began investigating the breach with the agency and a team of forensics experts.

23. 10-Acre Cordova Industrial Site Sells -

A 10-acre heavy industrial site at 9373 Macon Road in Cordova has sold for $1.5 million to William A. McMahan of Bartlett.

24. Many Seek New Homes Near Cities But are Priced Out -

WASHINGTON (AP) – City living has been a blessing for Tim Nelson.

The Phoenix lawyer moved downtown a few months ago into a new $389,000 home with a warehouse-style floor plan, a Jacuzzi tub and kitchen counters made of Caesarstone quartz. His favorite coffee spot is three blocks away. When the Arizona Diamondbacks play on Friday nights, he can watch postgame fireworks from his deck.

25. Shops of Wolflake Sells for $3.8 Million -

2965 N. Germantown Road
Bartlett, TN 38133
Sale Amount: $3.8 million

Sale Date: May 20, 2014
Buyer: Bartlett Interests LLC
Seller: Pref Wolflake Partners GP
Details: The Shops of Wolflake retail strip center at 2965 N. Germantown Road in Bartlett has sold for $3.8 million.

26. Poplar Avenue Portfolio Sells After Foreclosure -

The three commercial real estate parcels that compose the Shops of Chickasaw Gardens along Poplar Avenue have sold for a combined $3.8 million following a foreclosure.

The mixed-use portfolio sold in a May 30 substitute trustee’s deed with 3181 Poplar Avenue Holdings LLC – an affiliate of special servicer CWCapital Asset Management – buying the properties from substitute trustee Robert F. Tom of Baker, Donelson, Bearman, Caldwell & Berkowitz PC.

27. Senatobia Furniture Factory to Close -

A furniture factory that was once had more than 1,000 employees in Senatobia is closing.

Chromcraft Revington laid off as many as 200 employees earlier this month, leaving the furniture maker and distributor with about 30 employees to wind down its operations.

28. Senatobia Furniture Factory to Close -

A furniture factory that was once had more than 1,000 employees in Senatobia is closing.

Chromcraft Revington laid off as many as 200 employees earlier this month, leaving the furniture maker and distributor with about 30 employees to wind down its operations.

29. Minutes: Fed Began Weighing Options for Rate Rise -

WASHINGTON (AP) – The Federal Reserve has begun to discuss the tools it could use to finally pull back the extraordinary stimulus it's provided the U.S. economy since 2008. But Fed officials plan further discussions and have set no timetable for any increase in interest rates.

30. Life Church Buys Victory Campus for $4.4 Million -

255 N. Highland St.
Memphis, TN 38111
Sale Amount: $4.4 million

Sale Date: May 2, 2014
Buyer: The Life Church of Memphis Inc.
Seller: SignificantPsychology LLC
Loan Amount: $3.8 million
Loan Date: May 2, 2014
Maturity Date: May 5, 2019
Lender: Triumph Bank
Details: The Life Church of Memphis has paid $4.4 million for the former Victory University campus at 255 N. Highland St.

31. Germantown Plaza Sells Following Foreclosure -

The 14,400-square-foot Germantown Plaza strip retail center at 3695 Riverdale Road in Hickory Hill has sold for $1.1 million following a foreclosure.

32. Yellen: Fed's Bond Holdings to Drop Only Gradually -

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen said Thursday that the Fed's bond holdings will likely remain at high levels for up to eight years after it starts raising short-term interest rates.

33. Yellen Foresees Continued Low Borrowing Rates -

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen said Wednesday that the U.S. economy is improving but noted that the job market remains "far from satisfactory" and inflation is still below the Fed's target rate.

34. Hedgemoor Square Sells for $3.6 Million -

375 N. Graham St.
Memphis, TN 38117
Sale Amount: $3.6 million

Sale Date: April 30, 2014
Buyer: Summit Hedgemoor Square Apartments LLC
Seller: Hedgemoor Square Apartments GP
Loan Amount: $2.7 million
Loan Date: April 30, 2014
Maturity Date: N/A
Lender: Pulaski Bank

35. Carnival Memphis Celebrates Trucking Industry -

Trucking industry representatives and employees packed the spacious Tennessee Ballroom at Hilton Memphis, the gleaming glass hotel in East Memphis, for Carnival Memphis’ salute to the trucking industry.

36. Eastgate Set for Possible Makeover -

A venerable shopping center in East Memphis could be getting a significant makeover, according to a recent retail market report from CB Richard Ellis Memphis.

Eastgate Center LLC, the owner of Eastgate Shopping Center at Park Avenue and White Station Road in East Memphis, could make significant aesthetic improvements to the retail center beginning this year.

37. Developer Buys Land for Germantown Whole Foods -

Cypress Realty Holdings Co. has paid close to $2.3 million for five Germantown residential parcels where it will build the area’s second Whole Foods.

38. HCA First-Quarter Profit Climbs But Misses Expectations -

NASHVILLE (AP) – Shares of HCA Holdings Inc. slipped Tuesday after the hospital operator reported first-quarter earnings that inched up but fell short of Wall Street's expectations.

39. Lenox Park Professional Buildings Sell for $6.1 Million -

The Lenox Park Professional Buildings A and B at 3175 Lenox Park Drive and 6625 Lenox Park Drive have sold for a combined $6.1 million following a foreclosure.

40. Most Airlines Report Strong First Quarter -

Even with the turbulence of severe winter storms and stubbornly high fuel prices, many of the major airlines are cruising and their stock prices are soaring.

On Thursday, American Airlines and Southwest Airlines reported record profits for the first quarter, usually the weakest time of year for the airlines. That followed a rousing report from Delta Air Lines a day earlier.

41. Most Airlines Report Strong First Quarter -

Even with the turbulence of severe winter storms and stubbornly high fuel prices, many of the major airlines are cruising and their stock prices are soaring.

On Thursday, American Airlines and Southwest Airlines reported record profits for the first quarter, usually the weakest time of year for the airlines. That followed a rousing report from Delta Air Lines a day earlier.

42. US Says Average Airfares Rising Slowly -

DALLAS (AP) – The average price of an airline ticket for travel within the U.S. rose by just $1 last year, although prices are still modestly higher than they were five years ago.

The U.S. Department of Transportation said Tuesday that the average domestic airfare rose to $381 in the fourth quarter of 2013, a 0.3 percent increase from a year earlier.

43. 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.

44. 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.

45. 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.

46. 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.

47. 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.

48. 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.

49. 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

50. 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.

51. 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.

52. 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.

53. 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.

54. 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.

55. 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.

56. Orpheum Files Permit For Performing Arts Center -

225 S. Main St.
Memphis, TN 38103

Permit Cost: $10.2 million

Project Cost: $14.5 million

57. 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.

58. 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.

59. 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.

60. 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.

61. 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.

62. 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.

63. 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.

64. 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.

65. 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.

66. 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.

67. 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.

68. 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.

69. 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.

70. 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.

71. 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.

72. 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.

73. 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.

74. 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.

75. 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.

76. 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.

77. 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.

78. 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.

79. 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.

80. 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.

81. 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.

82. 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.

83. 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.

84. 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.

85. 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.

86. 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.

87. 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.

88. 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.

89. 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.

90. 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.

91. 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.

92. 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.

93. 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.

94. 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.

95. 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.

96. 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.

97. 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.

98. 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.

99. 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.

100. 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.