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Editorial Results (free)

1. Succession Plan Charts Future For Linkous Construction -

As children, Jamie and Rusty Linkous used to hop in the family vehicle with their parents, R.E. and Clare Linkous, and visit work sites, watching firsthand the hard work their parents put into altering the built landscape of the city.

2. Union Pacific Profit Chugs Ahead 19 Percent -

OMAHA, Neb. (AP) — Union Pacific Corp. delivered a 19 percent increase in its third-quarter profit as the railroad hauled 7 percent more freight and increased rates.

3. US Stocks Jump Following Strong Corporate Earnings -

NEW YORK (AP) — A combination of strong company earnings and encouraging economic reports, both in the U.S. and Europe, gave the stock market another day of solid gains on Thursday.

Caterpillar jumped after its third-quarter earnings report was better than Wall Street analysts had been expecting. The company also raised its profit outlook for the year. 3M, the maker of Post-it notes, industrial coatings and ceramics, was among other companies that gained after releasing impressive third-quarter results.

4. Hilton Data Center, Land Sold For $3.7 million -

The Hilton Data Center building in Memphis and 4.3 acres of vacant land have been sold for $3.7 million.

HLT Memphis Data LLC, which is affiliated with Hilton Hotels Corp., sold the 35,000-square-foot mixed-use office building and vacant land to F9 Memphis LLC, according to an Oct. 22 warranty deed. The buyer, F9 Memphis LLC, is affiliated with Charlotte, N.C.-based Niagra Ventures, according to public records. Niagra Ventures’ website said the company broadened its portfolio of industrial and manufacturing products into the data center asset sector in 2008.

5. Willow Lake Sales Positive News For The Market -

The sale this week of five properties inside Willow Lake Business Park and Corporate Park for $4.2 million was welcome news for several reasons.

For one, true owners tend to take much better care of properties and market them more aggressively than special servicers like Bethesda, Md.-based CWCapital Asset Management.

6. Slide in Energy Sector Drags US Stock Market Lower -

NEW YORK (AP) — Stocks are ending lower, breaking a four-day winning streak, as a drop in the price of oil dragged energy companies lower.

The energy sector in the Standard & Poor's 500 index sank 1.7 percent, more than twice as much as the rest of the market. Small-company stocks and transportation shares also fell sharply as traders unloaded riskier assets.

7. Willow Lake Building Sold for $1.9 million -

Another building inside Willow Lake Business Park and Corporate Park in Hickory Hill has been sold for $1.9 million.

Willow Lake Business Park LLC acquired 3592 Willow Lake Blvd. from 198-6 Memphis Industrial Portfolio Holdings LLC, which is affiliated with Bethesda, Md.-based special servicer CWCapital Asset Management, according to an Oct. 13 warranty deed.

8. China Economy Grows at Slowest Pace in 5 Years -

BEIJING (AP) — China's economic growth waned to a five-year low of 7.3 percent last quarter, raising concerns of a spillover effect on the global economy but falling roughly in line with Chinese leaders' plans for a controlled slowdown.

9. Presenting Mid-October Economic Snapshot -

The heightened volatility month of October continued last week. On Wednesday alone, the Dow Jones Industrial Average moved nearly 460 points from its high point in the day to its low point (before closing in between). Granted, a 400-point move from a 16,000 altitude translates into much milder percentage moves when compared to a similar move off of a lower base, but with the number on CNBC constantly, it gives investors pause.

10. Two Willow Lake Buildings Sold for $1.9 Million -

Two buildings inside Willow Lake Business Park and Corporate Park in Hickory Hill have been sold for $1.9 million.

Eagle Capital LLC acquired 3900 Willow Lake Blvd. and 4100 Willow Lake Blvd. from 198-6 Memphis Industrial Portfolio Holdings LLC, which is affiliated with Bethesda, Md.-based special servicer CWCapital Asset Management LLC, according to an Oct. 13 warranty deed.

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

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

12. Ailing Global Economy Could Lead Fed to Delay Hike -

WASHINGTON (AP) – Just as the U.S. job market has finally strengthened, the Federal Reserve now confronts a new worry: A sputtering global economy that's spooked investors across the world.

13. Commission Moves Past First Partisan Divide -

As quickly as it surfaced, the Shelby County Commission’s first partisan divide of their term of office appeared to subside Monday, Oct. 13.

With little discussion, commissioners approved chairman Justin Ford’s slate of committee assignments for the next year.

14. Commission Approves Committee Slate -

With very little discussion, Shelby County Commissioners approved Monday, Oct. 13, chairman Justin Ford’s slate of committee assignments for the next year.

15. Acura of Memphis Owner Buys Dealership, Land -

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

16. Three Companies Seek PILOTs for Projects -

Three companies – including a wing of Memphis-based FedEx – are considering investing more than $25 million in Memphis for new distribution operations that would create 272 new jobs.

“It's always good to see FedEx expanding and the other two projects appear to be new to Memphis,” said Kemp Conrad, principal of Cushman & Wakefield/Commercial Advisors. “This balanced growth is encouraging and we expect more good news later in the fourth quarter."

17. Commission’s First Partisan Challenge Lingers -

Shelby County Commissioners appeared last week to be on the way to putting behind them their first political controversy of their term of office.

Six of the seven Democratic commissioners along with Republican commissioner Steve Basar voted last month to delay the slate of committee assignments made by new chairman Justin Ford.

18. Hickory Hill Warehouse Sells for $1.6 Million -

ARCP Acquisitions LLC has paid $1.6 million for the 14,650-square-foot warehouse at 4517 S. Mendenhall Road in Hickory Hill, marking the second time the property has sold in three months.

19. Fed Officials Link Rate Increase to Economic Data -

WASHINGTON (AP) – Federal Reserve officials agreed last month that they would begin raising interest rates only when measures of the economy's health and inflation signaled the time was right.

20. Hickory Hill Warehouse Sells for $1.6 Million -

ARCP Acquisitions LLC has paid $1.6 million for the 14,650-square-foot warehouse at 4517 S. Mendenhall Road in Hickory Hill, marking the second time the property has sold in three months.

21. All Shook Up -

FedEx founder, chairman and chief executive officer Frederick W. Smith penned a memo in 1987 outlining his desire for the Memphis-based shipping giant to develop ways to assist customers in shipping their packages, including making sure packages arrived undamaged.

22. United States Cold Storage Expands in Covington -

A refrigerated warehouse logistics provider is expanding in Covington with a $48 million investment that will create 63 new jobs in Tipton County.

United States Cold Storage will add a new distribution and warehouse facility adjacent to the Unilever ice cream facility in Covington, one of the largest ice cream plants in the world.

23. City Council Weighs Fluid Benefits Decisions -

Memphis City Council members have third and final votes scheduled Tuesday, Oct. 7, on a set of changes to the city’s pension benefits that are the second of two major sets of reforms in benefits for city employees and retirees.

24. Olive Branch Business Park Closer to Development -

A Texas-based development firm could start turning dirt soon on a massive new business park in Olive Branch.

Hillwood Investment Properties is expected to close on a land purchase next week that will clear the way for Legacy Park, a 265-acre distribution and business park on the south side of Goodman Road, just east of Hacks Cross Road near Polk Lane.

25. Stuttering Foundation's Fraser Honored for Service -

Jane Fraser, president of the Memphis-based Stuttering Foundation of America, has received an honorary fellowship from the London-based Royal College of Speech & Language Therapists. She was selected for her distinguished service in promoting the profession of speech and language therapy. Fraser, whose father started the nonprofit Stuttering Foundation in 1947, has served as its president since 1981.

26. Williams-Sonoma Growth Highlights DeSoto Push -

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

27. Real Estate Experts Look at Impact of North Mississippi -

Six years after the real estate bubble burst nationally, the recovery of the commercial and residential sectors in Memphis is slower than in other parts of the country. But they are recovering on their own new terms, say the incoming president of the Memphis Area Association of Realtors, the president of the West Tennessee Home Builders Association and a mortgage lender.

28. NashvilleNext Planners Move to Next Step -

As the city shifts into fall, planners are gearing up for the final phase of NashvilleNext, a three-year long planning process that will have a major impact on growth and development patterns in Davidson County over the next 25 years.

29. Roxul Opening 17 Years in Making -

U.S Sen. Roger Wicker of Mississippi searched the 1997 Congressional Record this week before he arrived in Marshall County for the formal opening of the Roxul Inc. plant.

30. Cummins Eyes Memphis Site for Expansion -

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

31. Struggling BlackBerry Releases New Phone -

TORONTO (AP) – BlackBerry launched a new smartphone Wednesday as the embattled Canadian company hopes for a comeback.

Chief executive John Chen unveiled a large-screen, square sized phone called the Passport to a Toronto audience. London and Dubai also hosted launch events. No event was held in the U. S. where analysts say there is little demand or carrier interest.

32. Roxul Plant Makes Debut in Marshall County -

Almost a year and a half after breaking ground in Marshall County just south of the state line with Collierville and Fayette County, executives of the Danish company Roxul Inc. will formally open Wednesday, Sept. 24, their $160 million plant and packaging site in the Chickasaw Trail Industrial Park.

33. Tennessee Justices Name Slatery Attorney General -

The state Supreme Court on Monday named Republican Gov. Bill Haslam's top legal adviser, Herbert Slatery, as Tennessee's next attorney general.

The announcement comes in the aftermath of a failed conservative campaign to oust three Democratic justices who make up a majority on the five-member court. That effort focused heavily on incumbent Attorney General Bob Cooper's refusal to take part in a multistate lawsuit challenging President Barack Obama's health care law.

34. Anderson County Gets in on Increased Auto Activity -

Chattanooga and Middle Tennessee may grab more headlines when automotive plants expand operations, but Clinton is no stranger to good news in that regard.

SL Tennessee recently announced that it would build a 250,000-square-foot building in Anderson County’s Clinton/I-75 Industrial Park – its third location.

35. Fed Keeps Rates Low, But Brace for the Inevitable -

WASHINGTON (AP) – Record-low interest rates will be around for at least a few more months, the Federal Reserve made clear Wednesday.

Enjoy the easy money while it lasts.

By mid-2015, economists expect the Fed to abandon a nearly 6-year-old policy of keeping short-term rates at record lows. Those rates have helped support the economy, cheered the stock market and shrunk mortgage rates. A Fed rate increase could potentially reverse those trends.

36. US Factory Output Drops 0.4 Percent in August -

U.S. manufacturing output declined in August for the first time in seven months, reflecting a sharp fall in production at auto plants that was due mainly to seasonal adjustment problems.

Output at manufacturing plants fell 0.4 percent in August after a 0.7 percent rise in July, the Federal Reserve reported Monday. Total industrial production was down 0.1 percent in August, also the first setback for the overall figure since January. Output was up in mining and utility production but these gains were not enough to offset the decline in manufacturing.

37. Tennessee Justices Name Slatery as Attorney General -

NASHVILLE, Tenn. (AP) – The state Supreme Court on Monday named Republican Gov. Bill Haslam's top legal adviser, Herbert Slatery, as Tennessee's next attorney general.

The announcement comes in the aftermath of a failed conservative campaign to oust three Democratic justices who make up a majority on the five-member court. That effort focused heavily on incumbent Attorney General Bob Cooper's refusal to take part in a multistate lawsuit challenging President Barack Obama's health care law.

38. Plans for Site of Closing International Paper Mill are Uncertain -

COURTLAND, Ala. (AP) – A year after International Paper announced that it would close a north Alabama mill because of declining demand, there's much uncertainty about the site's future.

39. Electrolux to Buy GE Appliances -

Sweden’s Electrolux is buying the appliances business of General Electric for $3.3 billion, boosting its presence on the North American market, the companies said Monday.

The acquisition is the largest ever for Stockholm-based Electrolux, ranked as the world’s second-biggest home appliance maker after U.S. rival Whirlpool.

40. Power Play -

When the Tennessee Valley Authority board voted in August to build a new power plant in Southwest Memphis, it was a decision based on factors larger than the power needs in Memphis.

But it was also a decision that is just as important for Memphis as the decision to build the existing Allen Fossil Plant there 55 years ago.

41. Pain Treatment Center to Open Second Locale -

Comprehensive Pain Specialists, a national player in the field of medical pain treatment centers from Nashville, has signed a lease for 4,713 square feet in Healthcare Realty Trust’s building at 8000 Wolf River Blvd.

42. Electrolux to Buy GE Appliances in $3.3 Billion Deal -

STOCKHOLM (AP) – Sweden's Electrolux is buying the appliances business of General Electric for $3.3 billion, boosting its presence on the North American market, the companies said Monday.

43. Regenerate Corporate Cultures -

What’s good for the bee is good for the hive. Marcus Aurelius noted that "If a thing is not good for the hive, it is not good for the bee.” This statement has profound implications for corporate cultures. In a workplace setting, anything that keeps a culture from dynamically regenerating itself is harmful to its people.

44. Crenshaw’s Lawn Care Business Celebrates 30 Years -

Thirty years is a milestone worth celebrating for almost any venture, and for a small business especially, it’s a hard-won anniversary that comes thanks to a combination of luck and hard work. And there’s also the realization that such a milestone is the exception, a contrast to the large number of entrepreneurs out there who tried but came up short.

45. Automotive Parts Maker Expanding Smyrna Facility -

SMYRNA, Tenn. (AP) – An automotive parts manufacturer is expanding its distribution facility in Smyrna and is expected to create more than 130 additional jobs in Rutherford County.

Gov. Bill Haslam and Community Development Commissioner Bill Hagerty say Federal-Mogul is investing more than $6 million to expand.

46. People Power -

Meg Crosby and her fellow principals at the HR-focused consulting firm PeopleCap chose that name for their organization because of the way they think about the modern workplace – particularly, the ever-changing nature of the employees who populate it.

47. Hot Yoga Plus Expands in Memphis -

Hot Yoga Plus, a Nashville-based yoga concept, is opening a second Memphis area location.

Hot Yoga Plus, founded by Memphian Susannah Herring, has signed a 2,015-square-foot lease at 9037 Poplar Ave. in Germantown. The new store is expected to open this fall and follows the original Memphis location in Laurelwood.

48. Hot Yoga Plus Expands in Memphis -

Hot Yoga Plus, a Nashville-based Yoga concept, is opening a second Memphis area location.

Hot Yoga Plus, founded by Memphian Susannah Herring, has signed a 2,015-square-foot lease at 9037 Poplar Ave. in Germantown. The new store is expected to open this fall and follows the original Memphis location in Laurelwood.

49. Roxul’s Mississippi Plant Opening In September -

Roxul Inc. will open its Marshall County, Miss., manufacturing plant in September.

In May, Roxul, a Danish maker of stone or rock wool insulation, broke ground on the $160 million, 600,000-square-foot production facility.

50. Steffner Adds SIOR Role to Real Estate Resume -

Since Joe Steffner opened his own commercial real estate firm 10 years ago, the industry veteran has had a front row seat to some wild changes in the industry.

He experienced everything from the boom days of the early- and mid-2000s to the depths of the recession and its crushing aftermath as the decade ended.

51. Roxul’s Mississippi Plant Opening in September -

Roxul Inc. will open its Marshall County, Miss., manufacturing plant in September.

In May, Roxul, a Danish maker of stone or rock wool insulation, broke ground on the $160 million, 600,000-square-foot production facility.

52. Southwest’s Essex to Retire In 2015 -

The leader who guided the merger of the city’s two community colleges announced Tuesday, Aug. 19, that he will retire in June.

Nathan Essex became president of Shelby State Community College and State Technical Institute at Memphis in 2000 as the two institutions were merging to become Southwest Tennessee Community College.

53. Marshall County in Running for Cummins Jobs -

Add the burgeoning industrial area in Marshall County, Miss., to the list of communities competing for a significant chunk of the Cummins Inc. jobs that are currently in Memphis.

54. US Factory Output Surges in July -

U.S. factory output rose for the sixth consecutive month in July, led by a jump in the production of motor vehicles, furniture, textiles and metals.

Manufacturing production rose 1 percent in July compared with the prior month, the Federal Reserve reported Friday. Factory output in June was revised slightly higher to a 0.3 percent increase. Over the past 12 months, manufacturing has risen 4.9 percent.

55. Tubbs Joins Humane Society as Development and Marketing Director -

Nikki Tubbs has joined the Humane Society of Memphis & Shelby County as director of development and marketing, responsible for developing and executing the humane society’s fundraising plan, overseeing special events and securing sponsorships, and supervising supplemental development programs and the development team.

56. Graceland Campus Financing Relies on Tight Boundaries -

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

57. US Factory Orders Rise 1.1 Percent in June -

WASHINGTON (AP) – Orders to U.S. factories increased in June, led by demand for aircraft, industrial machinery and computers and electronics.

Orders rose a seasonally adjusted 1.1 percent compared to the previous month, the Commerce Department reported Tuesday. Factory orders had fallen 0.6 percent in May after three straight months of gains.

58. US Stocks Have Their Worst Week in Two Years -

NEW YORK (AP) — The U.S. stock market is closing out its worst week in two years.

Traders moved money into investments traditionally seen as having lower risk Friday, such as U.S. government bonds, gold and utility stocks.

59. US Job Growth Eases but Tops 200,000 for a Sixth Month -

WASHINGTON (AP) — A sixth straight month of solid 200,000-plus job growth in July reinforced growing evidence that the U.S. economy is accelerating after five years of sluggish expansion.

60. Graceland Area Could Have Its Own Industrial Development Board -

A proposed Graceland Tourism Development Zone would have its own industrial development board under a proposal the administration of Memphis Mayor A C Wharton Jr. will take Tuesday, Aug. 5, to the Memphis City Council for discussion.

61. Graceland Industrial Development Board Proposed -

A proposed Graceland Tourism Development Zone would have its own Industrial Development Board under a proposal the administration of Memphis Mayor A C Wharton Jr. will take Tuesday, Aug. 5, to the Memphis City Council for discussion.

62. US Stocks Plunge, Wiping Out July's Gains -

NEW YORK (AP) — U.S. stocks had their worst one-day drop since February as traders worried about weak corporate earnings and the looming end of economic stimulus from the Federal Reserve.

63. Ask a Lawyer -

JUDGED BY LAWYERS. Q: What do you when you have a lawyer buried up to the neck in sand?

A: Not enough sand.

Lawyers can’t catch a break.

Q: What the difference between a lawyer and a catfish?

64. In GOP South, Pushback Against Obama Climate Rules -

ATLANTA (AP) — In the Republican-heavy Southeast, critics said Tuesday that a plan by President Barack Obama's administration to cut pollution would raise electricity prices, result in job losses and may not significantly curtail the carbon emissions blamed for global warming.

65. International Paper Profits Fall 38 Percent -

International Paper reported second quarter earnings of $161 million Tuesday, July 29, a $98 million drop from the second quarter a year ago when IP reported net earnings of $259 million.

The drop in profits came as the Memphis-based company took restructuring charges including a new pre-tax loss of $324 million. Most of that, $262 million before taxes, was for debt extinguishment.

66. International Paper Profits Fall 38 Pct. -

International Paper reported second quarter earnings of $161 million Tuesday, July 29, a $98 million drop from the second quarter a year ago when IP reported net earnings of $259 million.

The drop in profits came as the Memphis-based company took restructuring charges including a new pre-tax loss of $324 million. Most of that, $262 million before taxes, was for debt extinguishment.

67. Music Lounge to Open in Edge District -

The Edge District near Downtown lost a theater but is gaining a new live music lounge in August.

The Dizzy Bird, named after legendary Jazz greats John “Dizzy” Gillespie and Charlie “Bird” Parker, is slated to open Aug. 2 at 652 Marshall Ave.

68. GE Targets Late July for Credit Card IPO -

NEW YORK (AP) – General Electric is targeting late July for the initial public offering of its credit card business, named Synchrony Financial.

The announcement Friday, which was included in the company's second-quarter earnings report, is the first step in GE's exit from that line of business.

69. Asics America to Expand Byhalia Footprint -

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

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

70. Green Mountain Consulting Finds Home Along Poplar -

Logistics vendor Green Mountain Consulting wasn’t necessarily looking to buy an office building when it began its search for more office space for expansion.

“We’re not getting into the commercial real estate business because we wanted to be in it; we got into it because we have a company to operate and needed the space,” said Jim Jacobs, one of Green Mountain’s co-founders.

71. Asics America to Expand Byhalia Footprint -

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

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

72. City Council Turns Again to Benefits Discussions -

Memphis City Council members won’t take any major votes Tuesday, July 15, on city employee benefits.

But the controversial topic will likely dominate much of another council day at City Hall. The council is in the gap between its approval of health insurance changes in June and an October vote on the companion proposal to change city employee pension plans for new hires and those with less than 10 years of service.

73. Asics America Expanding in Byhalia -

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

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

74. Wisconsin Company Plans Paper Plant in Mississippi -

JACKSON, Miss. (AP) – A Wisconsin company will open a $48 million plant in Hattiesburg, Mississippi, to make paper towels, tissue and other projects, hiring 300 people over five years.

75. Malone Center Owner Files $4.1 Million Loan -

The owner of the 23.7-acre Malone Distribution Center near the intersection of East Raines Road and Lamar Avenue in Oakhaven has filed a $4.1 million loan on the industrial property.

Cobalt Industrial REIT II filed the deed of trust with absolute assignment of leases and rents, security agreement and fixture filing July 1 through Wells Fargo Bank NA. The deed encompasses parcels at 4366 Malone Road, 4406 Malone and 4436 Malone.

76. ‘Significant Headwinds’ -

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

77. Yellen Sees Little Threat to Financial Stability -

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen said Wednesday that she doesn't see a need for the Fed to start raising interest rates to defuse the risk that extremely low rates could destabilize the financial system.

78. Charlotte Firm Buys Mendenhall Warehouse -

4517 S. Mendenhall Road
Memphis, TN 38141
Sale Amount: $1.4 million

Sale Date: June 24, 2014
Buyer: TKC CLXXIX LLC
Seller: Tenn Thom Realty LLC
Loan Amount: $1.1 million
Loan Date: June 24, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of Charlotte, N.C.-based real estate development firm The Keith Corp. has paid $1.4 million for the 14,650-square-foot warehouse at 4517 S. Mendenhall Road in Hickory Hill.

79. CSC Sugar to Open Plant in Covington -

CSC Sugar LLC will open a sugar processing plant Monday, June 30, in the Rialto Industrial Park in Covington, Tenn., that will hire 50 people and prompt the hiring of more drivers at Larry Bowman Trucking in nearby Ripley.

80. Charlotte Firm Buys Mendenhall Warehouse -

An affiliate of Charlotte, N.C.-based real estate development firm The Keith Corp. has paid $1.4 million for the 14,650-square-foot warehouse at 4517 S. Mendenhall Road in Hickory Hill.

81. 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.

82. Economy Shrank at Steep 2.9 Percent Rate in First Quarter -

WASHINGTON (AP) – The U.S. economy shrank at a steep annual rate of 2.9 percent in the January-March quarter as a harsh winter contributed to the biggest contraction since the depths of the recession five years ago. But the setback is widely thought to be temporary, with growth rebounding solidly since spring.

83. Ni Hao, Y'all: US Hinterlands Woo Chinese Firms -

PINE HILL, Ala. (AP) – Burdened with Alabama's highest unemployment rate, long abandoned by textile mills and furniture plants, Wilcox County desperately needs jobs.

They're coming, and from a most unlikely place: Henan Province, China, 7,600 miles away.

84. Legacy Farm Owner Files $29.8 Million Loan -

1120 Winchester Road
Collierville, TN 38017
Loan Amount: $29.8 million

Loan Date: June 18, 2014
Maturity Date: July 1, 2021
Borrower: Legacy Farm LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 368-unit Legacy Farm apartment complex at 1120 Winchester Road in Collierville has filed a $29.8 million loan on the property.

85. Necessary Disruptions -

Last week, the New Yorker published an article about how Disruptive Innovations have failed and how the theory is bogus. The long piece went into great depth about the emerging Disruption industry of consultants, the Disruption ethos prevalent in Silicon Valley and the many Disruption discussions in boardrooms across the globe. As a local practitioner of innovation methodologies, several people asked me my take on the piece.

86. Kitsinger Continues Downtown Work With The Development Studio -

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

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

87. Plastics Recycler Receives Incentives -

A company that recycles and manufactures post-industrial plastics was awarded incentives to relocate from Arkansas to Memphis.

RE-CY, or RE-CY Plastics, was awarded a four-year payment-in-lieu-of-taxes incentive from the board of the Economic Development Growth Engine of Memphis and Shelby County to relocate its plastics recycling and manufacturing operations to Memphis from Searcy, Ark.

88. Plastics Recycler RE-CY Receives Incentives -

A company that recycles and manufactures post-industrial plastics was awarded incentives to relocate from Arkansas to Memphis.

RE-CY, or RE-CY Plastics, was awarded a four-year payment-in-lieu-of-taxes incentive from the board of the Economic Development Growth Engine of Memphis and Shelby County to relocate its plastics recycling and manufacturing operations to Memphis from Searcy, Ark.

89. Gestalt Schools Signs Lease in Hickory Hill -

A charter school operator has inked a lease for space on Winchester Road in Hickory Hill.

Gestalt Community Schools has leased 57,000 square feet of space at 5360 Winchester Road inside the Mendenhall Square shopping center.

90. AZAL Files $2.2 Million Loan on Bartlett Property -

The owner of the 26,568-square-foot warehouse at 3025 Kate Bond Blvd. in Bartlett has filed a $2.2 million construction loan on the property.

91. Brim’s Owner Files Loan on Bartlett Facility -

A company whose principal owns Brim’s Snack Foods has filed a $4.3 million construction loan on its 7940 A E Beaty Drive property in Bartlett.

TBLN Investments – whose principal, Terry Brimhall, is founder and president of Brim’s parent company Brimhall Foods Co. Inc. – filed the loan April 30 through Renasant Bank. Though the loan was filed in April, the Shelby County Register of Deeds didn’t record the loan until this week.

92. What Could Possibly Go Wrong? -

The most commonly cited indicator of complacency, the VIX or volatility index, recently hit a low of 10.73, a level not seen since early 2007.

Now a low VIX does not in any way signal an imminent crisis, but it does indicate a very complacent consensus susceptible to even slightly unpleasant surprises. Sadly, when the markets cannot find a reason to sell, Murphy ’s Law always provides one.

93. 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.

94. EDGE Mulls Tax Break for Plastics Recycling Co. -

A company that recycles and manufactures post-industrial plastics is considering relocating from Arkansas to Memphis.

RE-CY, or RE-CY Plastics, is considering acquiring a facility on Winchester Road to recycle and manufacture plastics, which are then used for automotive parts, decking and IKEA furniture.

95. Plastics Recycling Company Considering Memphis Relocation -

A company that recycles and manufactures post-industrial plastics is considering relocating from Arkansas to Memphis.

RE-CY, or RE-CY Plastics, is considering acquiring a facility on Winchester Road to recycle and manufacture plastics, which are then used for automotive parts, decking and IKEA furniture.

96. Perfection vs. Petri Dish -

We live in the fastest-evolving marketplace in history, so why is it that so many companies still move so slowly bringing new products to market?

We believe it is because they are holding fast to an industrial revolution mindset where innovations are carefully devised, honed and perfected. The heft of extensive machines and expensive infrastructure mire down the collective mindset, locking in a collective fear of imperfection. There is much to learn from the nimble tech industry that focuses on speed to market over perfection.

97. Pay Raises Go Mainly to Those in Select Industries -

NEW YORK (AP) – If you hope to get a raise that finally feels like one, it helps to work in the right industry.

Historically, at this stage in the economy's recovery, pay would be rising in most sectors. But five years after the Great Recession officially ended, raises remain sharply uneven across industries and, as a whole, have barely kept up with prices. Overall pay has been rising about 2 percent a year, roughly equal to inflation.

98. 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.

99. Renovation, Expansion Underway at Saddle Creek -

The Shops at Saddle Creek has picked up a new tenant as the lifestyle center undergoes a renovation.

Marmi Shoes has leased 1,395 square feet between Vera Bradley and Madewell at Saddle Creek. St. Louis-based Marmi Shoes offers a wide variety of women’s shoe styles and sizes with a European influence. The Saddle Creek location, the first in the Memphis area and the second in Tennessee, is expected to open in the fall.

100. 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.