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Editorial Results (free)

1. Council Considers Car Lot By New Graceland Hotel -

The Memphis City Council takes up a special use permit Tuesday, Oct. 21, to allow a used car lot at 3510 Elvis Presley Blvd., south of Winchester Road, by Babak Makki.

2. Room for Growth -

Sardor and Gulam Umarov are used to fighting battles with seemingly long odds.

Between 2005 and 2009, the brothers waged a high-profile human rights campaign against the authoritarian government in their native Uzbekistan for the release of their father, Sanjar Umarov, a Germantown businessman thrown into prison for opposing the regime.

3. Florida Company Buys Residence Inn for $6.5 Million -

An affiliate of Boca Raton, Fla.-based Luxury Resorts & Hotels has paid $6.5 million for the 105-room Residence Inn East Memphis at 6141 Poplar Ave.

4. Developer Files Permit for Graceland-Area Hotel -

3411 Elvis Presley Blvd.
Memphis, TN 38116
Permit Cost: $3.5 million

5. Council Reviews Pension Investment Changes -

For the first time in months, Memphis City Council members have no committee discussions scheduled Tuesday, Aug. 19, on city health insurance benefits or proposed pension plan changes.

But the council will vote on the first in a series of pension plan changes to come.

6. Hotel Owner Files $3 Million Loan -

The new owner of the Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has filed a $3 million loan on the property.

7. LYFE Kitchen Moving to Memphis -

LYFE Kitchen, a unique California-based restaurant concept, will move its headquarters to Memphis and open two locations – one in Downtown and another in East Memphis.

Palo Alto, Calif.-based LYFE, which stands for Love Your Food Everyday, will open a restaurant in the former Sharky’s Gulf Grill location at 6201 Poplar Ave. and another inside Downtown’s Chisca Hotel, now under construction.

8. Springing to Life -

When Ridgeland, Miss.-based development firm the Bryan Co. broke ground on The Horizon condominium tower in 2007, it was at the peak of the housing bubble and optimism from elected officials and Downtown boosters was equally high.

9. Carlisle Corp. Buys Sharky’s Property -

6201 Poplar Ave.
Memphis, TN 38119
Sale Amount: $2.9 million

Sale Date: July 29, 2014
Buyer: Wendelta Property Holdings LLC
Seller: Aaron Muschel
Details: An affiliate of Carlisle Corp. has paid $2.9 million for the recently closed Sharky’s Gulf Grill at 6201 Poplar Ave.

10. Health Care Safety Net Tops Council Agenda -

Memphis City Council members get more information during the Tuesday, Aug. 5, council day on different parts of City Hall’s ongoing health benefits and pension liability discussions.

But the only item on the agenda for a vote Tuesday is a resolution to create a $2 million “safety net” that was delayed last month.

11. Holiday Inn Express Owner Files Loan -

The owner of the 72-room Holiday Inn Express & Suites at 7784 Wolf Trail Cove in Germantown has filed a $7 million loan on the property.

12. Council Moves Toward Pension Changes -

Two weeks after approving changes in health insurance plans for city employees and retirees, the Memphis City Council meets Tuesday, July 1, to talk over a companion set of changes to the city’s pension plan for employees.

13. New Nonprofit Charts Role in Blight Fight -

The bulldozer went straight for the leasing office of the former Spanish Oaks apartments on Cazassa Road near Memphis International Airport.

Meanwhile another bulldozer across the two-lane road was deep into demolishing a set of buildings in the old Winchester Park apartments.

14. 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.

15. Check, Please: Priceline Buys OpenTable for $2.6 Billion -

NEW YORK (AP) – Priceline has negotiated a $2.6 billion entree into the restaurant business.

The global travel booking king announced Friday it is acquiring the OpenTable Inc. in a deal that would put Priceline into a new business doing for restaurant reservations much what it does for hotel bookings.

16. Perkins Hotel Sells After Foreclosure -

2700 S. Perkins Road
Memphis, TN 38118
Sale Amount: $2.2 million

Sale Date: May 23, 2014
Buyer: HC Memphis LLC
Seller: Douglas M. Alrutz, successor trustee
Details: The Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has sold for $2.2 million following a first-run foreclosure notice filed earlier this year.

17. Perkins Hotel Sells After Foreclosure -

The Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has sold for $2.2 million following a first-run foreclosure notice filed earlier this year.

18. Fitzgerald’s Casino Sale Falls Through -

Las Vegas-based Full House Resorts won't buy Fitzgerald's Casino in Tunica from Majestic Star Casino LLC.

19. Southbrook Mall Plans Simmer -

If the city is going to spend money on a renovation of the Southbrook Mall in Whitehaven, it should be part of a larger plan for Whitehaven and tie in to the aerotropolis concept.

That’s what city Housing and Community Development Director Robert Lipscomb said Tuesday, April 15, as he outlined a $6.5 million plan for turning the mall into a “town center” that includes some city government offices and private retail.

20. 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.

21. Methodist University Hospital Names Liebman New CEO -

Jeff Liebman has joined Methodist University Hospital as chief executive officer. In his new role, Liebman said, he will ensure the hospital continues to be a community resource providing the highest possible quality of care to the community while following the guidelines of the Methodist LeBonheur mission.

22. Industrial Portfolio Sells for $43 Million -

4550 Swinnea Road6005 Freeport Ave., 3399 E. Raines Road
Memphis, TN
Sale Amounts: $10.1 million; $14.8 million; $18 million

23. Las Vegas Company to Buy Tunica Casino -

Las Vegas-based Full House Resorts has agreed to buy Fitzgerald’s Casino in Tunica, Miss., from Majestic Star Casino LLC.

24. Quality Inn Owner Files $1.5 Million Loan -

The owner of the 130-room Quality Inn at 42 S. Camilla St. in Midtown has filed a $1.5 million loan on the property.

25. Las Vegas Company To Buy Tunica Casino -

Las Vegas-based Full House Resorts has agreed to buy Fitzgerald’s Casino in Tunica, Miss., from Majestic Star Casino LLC.

26. Library Foundation Honors Longtime Board Members -

Memphis philanthropist Honey Scheidt likes to describe the library as “the most democratic institution we have.”

That feeling informs her longstanding service on the board of the Memphis Library Foundation, the organization created in 1994 to organize and raise funds for what’s now known as the Benjamin L. Hooks Central Library.

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. 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.

29. French Quarter Inn Sells for $1.9 Million -

The long-vacant French Quarter Inn on Madison Avenue near Overton Square has been sold for $1.9 million, according to property records.

California-based NCE Realty and Capital Group LLC closed Dec. 31 on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street.

30. French Quarter Inn Sells for $1.9 Million -

The long-vacant French Quarter Inn on Madison Avenue near Overton Square has been sold for $1.9 million, according to property records.

California-based NCE Realty and Capital Group LLC closed Dec. 31 on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street.

31. Orangetheory Fitness Signs New Lease In Stonecreek -

Orangetheory Fitness has signed a lease at Stonecreek Centre at Poplar Avenue and Forest Hill-Irene Road in Germantown.

Orangetheory Fitness will occupy 3,167 square feet at the location. Orangetheory Fitness is a workout method that is broken into intervals of cardiovascular and strength training while using heart rate monitors to keep heart rates in a targeted zone to stimulate metabolism and increases energy.

32. Ruby Tuesday Sells Bartlett Lots for $1.1 Million -

8348 U.S. 64
Bartlett, TN 38133
Sale Amount: $1.1 million

Sale Date: Dec. 5, 2013

Buyer: 64 Kate Hyde Partners

33. 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.

34. Embassy Suites Memphis Sells for $24.8 Million -

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.

35. The Mighty Olive Opens at Laurelwood -

A new food and grocery business opening in the Laurelwood Collection this week will seek to draw in foodies and health-conscious shoppers with a distinctive product focus.

The concept behind The Mighty Olive is that of an artisan olive oil and vinegar market.

36. US Businesses Boost Hiring Despite the Shutdown -

WASHINGTON (AP) – The U.S. economy may be sturdier than many had assumed.

Employers added a surprisingly strong 204,000 jobs in October despite the 16-day government shutdown, the Labor Department said Friday. And they did a lot more hiring in August and September than previously thought.

37. US Service Firms Expanded More Quickly in October -

WASHINGTON (AP) – Activity at U.S. service firms accelerated in October behind a jump in sales and more hiring, suggesting businesses largely shrugged off the partial government shutdown.

38. French Quarter Deal Collapses -

A Texas-based group had inked a deal to purchase the long-vacant French Quarter Suites Hotel near Overton Square, but the proposed sale fell through the cracks.

Austin, Texas-based ASC Management had until Oct. 31 to close on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street but did not complete the sale.

39. Berklee City Music Network Conference Returns to Memphis -

A national music conference is headed to Memphis, bringing a variety of leaders in education and fundraising, plus youth groups and music teachers, to the Westin Memphis Beale Street Hotel and Minglewood Hall for a concert and master class.

40. Handful of Projects on Horizon, but Construction Still Struggling -

Commercial real estate construction activity in the Mid-South perked up modestly this year following a sluggish 2011 and 2012, and industry execs are cautiously optimistic that the positive trajectory will continue through next year.

41. Aerotropolis Manager Bowman Completes Delta Leadership Program -

Chad Bowman, aerotropolis project manager for the Memphis and Shelby County Division of Planning and Development, has graduated from the Delta Leadership Institute Executive Academy, a yearlong Delta Regional Authority program designed to foster collaborative initiatives across the Delta region.

42. Winchester Court Sells for $6 Million After Foreclosure -

6740 Winchester Road
Memphis, TN 38115
Sale Amount: $6 million

Sale Date: July 31, 2013
Buyer: WBCMT 2007-C31 Winchester Court LLC
Seller: Harris P. Quinn, substitute trustee
Details: The Winchester Court retail center at Kirby Parkway and Winchester Road in Hickory Hill has sold for $6 million following a foreclosure.

43. Cochon Heritage BBQ Event Returns to Memphis -

Brady Lowe, founder of Cochon 555, said it was pretty much inevitable the Cochon Heritage BBQ series would return to Memphis this year.

The celebration of ’cue is coming back to the world’s unofficial pork barbecue capital Aug. 30 at The Peabody hotel. It’s a standup tasting event that involves several chef teams challenged to use one whole heritage breed pig per team to win votes from an audience of industry professionals, media and noteworthy judges.

44. Room Race -

To illustrate the stiff competition Memphis faces in landing conferences and conventions because of hotel room capacity available in the city, Memphis-based hotel consultant Chuck Pinkowski points to a formidable foe just three hours away.

45. Oakhaven Warehouse Sells for $11.3 Million -

5155 Citation Drive
Memphis, TN 38118
Sale Amount: $11.3 million

Sale Date: May 21, 2013

46. Owner Files Loan on Humphrey Hampton Inn -

The owner of the 121-room Hampton Inn at 33 Humphrey Center Drive in East Memphis has filed a $5.4 million loan on the property.

47. Editorial: Convention Center Likely Years Away -

Nashville cut the ribbon this month on Music City Center, its massive new convention center that some Memphis leaders would like to match.

It is very tempting to point out that we have chased other cities in the past with these kind of massive civic projects and not fared well at all.

48. Oakhaven Warehouse Sells After Foreclosure -

4120 Air Trans Road, Memphis, TN 38118

Sale Amount: $2.5 million

Sale Date: May 7, 2013

49. Harold Ford Sr. Buys Sycamore View Property -

1670 Sycamore View Road Memphis, TN 38134

Sale Amount: $1.8 million

Sale Date: April 8, 2013

50. Houston REIT Moody Buys Germantown Hyatt Place -

An affiliate of Houston-based Moody National REIT I Inc. has paid $11.3 million for the Hyatt Place hotel at 9161 Winchester Road in Germantown.

51. New York Company Buys Country Squire for $49.2 Million -

8056 Country Squire Lane Cordova, TN 38018

Sale Amount: $49.2 million

Sale Date: March 28, 2013

52. Fairfield Inn Sells for $4.2 Million -

An entity related to GE Capital Real Estate has paid $4.2 million for the 89-unit Fairfield Inn & Suites Memphis at 4760 Show Case Blvd. near Interstate 240 and South Perkins Road.

53. South Main’s New Life -

The history of the South Main Historic Arts District is as colorful as its present-day users, an alternating rhythm of sorts in Memphis’ songbook.

The area has oscillated from its ritzy suburban roots of the 1800s to the industrial era ghost town of the 20th century and now to its current status as Downtown’s flourishing arts and boutique district and the subject of some $100 million in investment. And it’s all due to stakeholders who braved the status quo in distinguishing the southern end of the Central Business District as that funky place with an indescribable vibe.

54. Suits Dismissed Against Corps Over Nashville Flood -

NASHVILLE (AP) – A federal judge has dismissed a pair of lawsuits claiming the U.S. Army Corps of Engineers was responsible for flood damage in 2010 to the Grand Ole Opry, Gibson Guitar and other Nashville-area businesses.

55. U of M Files Permit for New Residence -

3615 Central Ave. Memphis, TN 38111

Permit Cost: $43.5 million

Project Cost: $53 million

56. Carey Watermark Investors Buys Beale Hampton Inn -

The new owner of the Hampton Inn & Suites Memphis-Beale Street at 175 Peabody Place Downtown, has filed a $22.5 million loan on the property after acquiring the 144-room hotel.

57. Memphis Marriott Sells for $12.4 Million in Foreclosure -

2625 Thousand Oaks BlvdMemphis, TN 38118

Sale Amount: $12.4 million

58. Let’s Start a Currency War -

Prior to Nixon’s closing of the gold window in 1971, world currencies traded in value relative to the U.S. dollar, which was tethered to gold at $35 an ounce. Following the divorce, currencies began trading relative to the dollar, but the dollar in turn began trading relative to other currencies.

59. Hope Emerges for Filling Empty Spaces -

When The Pyramid reopens as a Bass Pro Shops later this year or early next year, it will be the only adaptive reuse of an arena in the country that is not a church.

That and Sears Crosstown are probably the city’s biggest empty spaces in terms of square footage, but the smaller ones highlighted in our cover story have a similar impact.

60. Filling the Voids -

Last year was a banner year for adaptive reuse projects in Midtown and Downtown.

Developers announced plans for the Sears Crosstown building, Overton Square, Hotel Chisca, James Lee House and old United Warehouse in the South Main Historic Arts District. Construction began on The Pyramid, turning it into a 220,000-square-foot mega-Bass Pro Shop Outdoor World, and Memphis in May moved into its new headquarters at 56 S. Front St., a 14,600-square-foot building that’s on the National Register of Historic Places.

61. City, Bass Pro File Permits for Pyramid Renovations -

1 A.W. Willis Memphis, TN 38105

Permit Costs: $21.5 million; $7 million

Project Cost: TBA

Permit Date: Applied January 2013

Completion: TBA

Owner: City of Memphis

62. ‘Stable’ Foreclosures -

The Crowne Plaza Hotel at 300 N. Second St. sits on a little less than two acres near Interstate 40. The Shelby County Assessor of Property’s 2012 appraisal for the 11-story, 244-room hotel was $6.6 million.

63. Crowne Plaza Hotel Sells Out of Foreclosure -

300 N. Second St. Memphis, TN 38103

Sale Amount: $9.4 million

Sale Date: Dec. 28, 2012

64. Crowne Plaza Hotel Sells Out of Foreclosure -

The Crowne Plaza Hotel at 300 N. Second St. Downtown sold on the Shelby County Courthouse steps Dec. 28 for $9.4 million following a foreclosure.

65. Southwind Homewood Suites Sells for $6.5 Million -

3583 Hacks Cross Road Memphis, TN 38125

Sale Amount: $6.5 million

Sale Date: Nov. 2, 2012

66. Southwind Homewood Suites Sells for $6.5 Million -

The Homewood Suites by Hilton Southwind at 3583 Hacks Cross Road sold for $6.5 million in a successor trustee’s deed following a foreclosure.

67. Midtown Momentum -

The Midtown real estate market has long been an anomaly compared to its Bluff City counterparts, with fundamentals as diverse as its demographics.

“The types of real estate that you’ll find in Midtown can be some of the most expensive or some of the most modest when it comes to prices and facility,” said Gary Myers of Gary Myers Co. “Retail in particular.”

68. Business Leaders Needed for New Mentor Group -

Now that LaunchYourCity Inc. and its related programs like Seed Hatchery have gotten firmly off the ground and are wooing entrepreneurs and innovators who have ideas for high-growth startup companies to launch here, supporters now are turning to a new task.

69. Bioworks Seeks to Restore Hotel -

Memphis Bioworks Foundation is working to renovate the old Holiday Inn building in Memphis Medical Center into a mixed-use facility.

Brandon Wellford, chief financial officer and director of real estate for Memphis Bioworks Foundation, said the vision is to redevelop the 12-story property with hotel space on the top; apartments for Memphis Medical Center students, staff and faculty in the mid-levels; and retail on the ground floor.

70. Delta Blues Winery LLC Buys 15 Acres in Lakeland -

6495 Stewart Road Lakeland, TN 38002
Sale Amount: $165,000

Sale Date: Dec. 10, 2012

71. Southwind Hampton Inn Sells for $5.6 Million -

The Hampton Inn Memphis-Southwind hotel at 3579 Hacks Cross Road sold for $5.6 million in a successor trustee’s deed following a foreclosure.

72. Wyndham Garden Hotel Owner Faces Foreclosure -

The owner of the Wyndham Garden Hotel at 300 N. Second St. Downtown has defaulted on its loan and faces foreclosure, according to a notice in the Friday, Dec. 7, issue of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

73. US Builders Boost Spending 1.4 Percent in October -

WASHINGTON (AP) – U.S. builders increased their spending on construction projects in October by the largest amount in five months, led by a surge in housing.

The Commerce Department said Monday that construction spending rose 1.4 percent in October. It was the largest gain since a 1.7 percent increase in May.

74. Soul Map -

The Soulsville arrows beneath the Bellevue Boulevard railroad overpasses near Walker Avenue point north and south. It is the first indication that you are in an area where several possibilities can coexist.

75. Events -

The Memphis Center City Revenue Finance Corp. board will meet Tuesday, Oct. 9, at 9 a.m. at the board’s office, 114 N. Main St. in the Crump Building. Visit downtownmemphiscommission.com.

76. MED Files $1.3 Million Permit for Improvements -

877 Jefferson Ave. Memphis, TN 38104

Permit Cost: $1.3 million

Project Cost: TBA

77. Events -

The Memphis Chapter International Association of Administrative Professionals will meet Monday, Oct. 8, at 6 p.m. at Hilton Memphis, 939 Ridge Lake Blvd. Chris Hawk of The ServiceMaster Co. will speak about social media networking for jobseekers. Cost is $22. R.S.V.P. to Sharon Gardner at sharon.gardner@asentinel.com or 752-6213.

78. Shelby Oaks Red Roof Inn Sells for $1.6 Million -

6055 Shelby Oaks Drive
Memphis, TN 38134

Sale Amount: $1.6 million

Sale Date: Sept. 19, 2012

79. Shelby Oaks Red Roof Inn Sells for $1.6 Million -

The Red Roof Inn at 6055 Shelby Oaks Drive has traded hands for the second time in a year and for the same sales price of $1.6 million.

80. Main Connector -

The attention Downtown Memphis’ South Main Historic Arts District and its surrounding areas has received this year has far-reaching implications for future development.

Recent high-profile deals the community has seen get the green light include the Chisca Hotel redevelopment, Storefront Improvement Grant Program, branding efforts with North Star Destination Strategies, growth at The Orpheum Theatre Memphis and Memphis Central Station, a flurry of apartment and loft rehabs, and retail activity with a new athletic club and restaurants.

81. Chisca Hotel Project Faces Crucial Votes -

Three organizations crucial to the redevelopment of the Chisca Hotel will vote this week on blight remediation and development incentives for the historic Downtown property that has been in dilapidated condition for more than 20 years.

82. Chisca Blight Remediation, Development Incentives Up for Vote -

Three organizations crucial to the redevelopment of the Chisca Hotel will vote next week on blight remediation and development incentives for the historic Downtown property that has been in dilapidated condition for the more than 20 years.

83. CCRFC Approves Chisca Hotel Tax Break -

Memphis Center City Revenue Finance Corp. at its Tuesday, June 12, board meeting approved a 20-year PILOT (payment-in-lieu-of-taxes) program for the restoration of the Chisca Hotel led by Main Street Apartment Partners LLC.

84. CCRFC Approves Chisca Hotel Tax Break -

Memphis Center City Revenue Finance Corp. at its Tuesday, June 12, board meeting approved a 20-year PILOT (payment-in-lieu-of-taxes) program for the restoration of the Chisca Hotel led by Main Street Apartment Partners LLC.

85. CCRFC to Consider Chisca PILOT -

A group of local investors spearheading the restoration of the Chisca Hotel will go before the Memphis Center City Revenue Finance Corp. Tuesday, June 12, seeking a pair of incentives as part of the $19.6 million project.

86. Executive Coach Burtch Earns Int’l Designation -

Bill Burtch, founder and president of full-service management consultancy firm Harmony Coaching & Consulting, has received the Professional Certified Coach designation from the International Coach Federation, becoming the second PCC in Memphis. Burtch, who also holds the Senior Professional in Human Resources designation, focuses his consulting work in executive/team coaching, professional development training and human resources consulting.

87. Medical Realignment -

Private practice is fast becoming a thing of the past, as physicians groups across the country scramble to align with large health care systems in a move largely driven by national health care reform.

88. DMC Hires Firm for South Main Branding -

The Downtown Memphis Commission unanimously voted to hire Nashville-based North Star Destination Strategies to help in the organization’s South Main branding campaign at its monthly board meeting Friday, May 25.

89. Downtown Commission Reviews South Main Branding, Chisca -

The Downtown Memphis Commission unanimously approved to hire Nashville-based North Star Destination Strategies to help in the organization’s South Main branding campaign at its monthly board meeting Friday, May 25.

90. CRE Lending Sees Slight Improvement -

The commercial lending landscape in the Memphis area continues to grind its way through an extended period of gradual improvement that began roughly two years ago after a dismal 2009.

“Loans for A- and B-class commercial properties are back. The owners have plenty of choices now,” said Frank Stallworth, president of Magna Bank’s commercial and multifamily division. “There’s no question that values have declined compared to 2007, but for the most part those values have stabilized. 2011 was better than 2010, 2012 is shaping up better than last year, and we expect 2013 to better than 2012 as it relates to occupancies as well as stabilizing and possibly increasing rents in the various sectors of commercial real estate.”

91. Council OKs Soup Kitchen, Delays Adult District Talks -

The Memphis City Council delayed Tuesday, May 15, a discussion of a proposal by council member Shea Flinn to look into a red light district for strip clubs and adult bookstores.

Flinn delayed a discussion of his resolution to appoint an ad hoc committee that would explore the idea as committee sessions on other unrelated topics ran long Tuesday.

92. CPA: Some Real Estate Sectors Are Recovering -

Certified public accounting advisory group Dixon Hughes Goodman LLP may have eight industry practices in which it advises clients, but its real estate and manufacturing and distribution divisions are beginning to see the light at the end of the post-recession tunnel.

93. Global Connections -

Although the Memphis in May International Festival is widely known for its Beale Street Music Festival and World Championship Barbecue Cooking Contest, the festival’s focus on developing international economic trade and fostering Memphis companies’ global business relationships remains central to its mission.

94. Highland Meadows Sells for $5.5 Million -

5045 Airways Blvd.
Memphis, TN 38116

Sale Amount: $5.5 million

Sale Date: April 25, 2012

95. Best Western Exec. Inn Financed for $1.4M -

The 60-room Best Western Executive Inn at 3105 Millbranch Road has been financed for $1.4 million, the second loan owner Jai Gayatri Inc. has filed for the Whitehaven property in as many months.

96. Room Service -

The good news for the local hotel industry is that last year notched the most rooms ever sold on a daily basis with 4.8 million – 115,628 more than 2010 and 76,780 more than the previous high set in 2007.

97. Council to Weigh Pink Palace Funding -

A $20 million upgrade of the Memphis Pink Palace Museum tops the Tuesday, Feb. 21, Memphis City Council agenda that also includes two items key to Overton Square redevelopment and $510,000 in capital appropriations for the Memphis Area Transit Authority.

98. US Economy Grew Modest 2.8 Percent in 4th Quarter -

WASHINGTON (AP) – The U.S. economy grew at a 2.8 percent annual rate in the final three months of last year, the fastest growth in 2011.

Americans spent more on cars and trucks, and companies restocked their shelves at the strongest pace in nearly two years. But growth in the October-December quarter – and all of last year – was held back by the biggest annual government spending cuts in four decades.

99. Restaurateurs Remain Upbeat About 2012 -

The good news is that in November, the National Restaurant Association’s Restaurant Performance Index rose to its highest level in five months. The bad news – well, can there be any bad news if these indices hold true for 2012? Naturally the National Restaurant Association is bullish about the figures they have complied, but let’s do a little analysis.

100. Fed Survey Shows Economy Ended 2011 With Strength -

WASHINGTON (AP) – The final weeks of 2011 were the economy's best since it seemed to be slipping toward recession in late spring – a shot of optimism for 2012.

Consumers spent more freely. Factories made more goods. Americans stepped up travel. And the auto industry enjoyed its best stretch of the year.