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Editorial Results (free)

1. 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.

2. 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.

3. Marx-Bensdorf Expands in East Memphis -

A prominent Memphis realty company has expanded its presence in East Memphis. Marx-Bensdorf Realtors has grown in the office building at 5860 Ridgeway Loop Blvd. by 526 square feet, bringing its total to 4,653 square feet.

4. Yellen: Fed Balance Sheet to Take Years to Shrink -

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen says "it could take until the end of the decade" to shrink the Fed's record investment portfolio to more normal levels.

The Fed's response to the 2008 financial crisis has swollen its balance sheet to more than $4.4 trillion from less than $1 trillion roughly six years ago. Fed officials responded to the downturn in the economy with three rounds of bond purchases to try to hold down long-term borrowing rates to spur spending.

5. Target Date Mutual Funds – Should You Go With the Flow? -

Ray's take: Target date funds take their name from the year in which an investor plans to retire or stop contributing to savings and is increasingly the default choice for 401K plan contributions.

6. Care2Manage Draws on Local Startup Resources -

Ela Emami’s startup Care2Manage is an example of how the startup ecosystem in Memphis is supposed to work, and what the fruits of that ecosystem’s labor can be.

Her venture is a service platform for families with an aging loved one that connects them to social workers and local elder care resources and organizes total health care needs. Rather than launch it by herself or try to go it alone in terms of things like raising cash, refining the business model or acquiring customers, she says the local startup resources she’s taken advantage of have helped her get going – and get going faster.

7. Officials Vow to Help Cargill Workers Find Jobs -

The Greater Memphis Chamber says it will work with its partners to help displaced Cargill Inc. employees find new jobs.

8. FedEx Profits Surge Above Wall Street Estimates -

FedEx said fiscal first-quarter profits surged to $606 million, driven by gains in its freight, ground and express operations and a share buyback program.

Memphis-based FedEx reported earnings Wednesday, Sept. 17, of $2.10 per diluted share for the first quarter ended Aug. 31, up 37 percent from last year’s $1.53 per share and above Wall Street estimates. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share. FedEx shares were up 4.29 percent following the earnings release and conference call with company executives.

9. US CEOs Less Optimistic About Hiring, Spending -

WASHINGTON (AP) – Optimism among chief executives at the largest U.S. companies fell in the July-September quarter after reaching a two-year high in the previous quarter.

The Business Roundtable said Tuesday that its CEO outlook index fell to 86.4 in the third quarter, down from 95.4 in the April-June period.

10. Five Top Sales Negotiation Mistakes -

More than 75 percent of the sales reps I’ve coached through the years cite price as their number one objection. Given the state of our economy for the last several years, it’s no wonder. And even though our economy is beginning to rebound, the side effect of a recession is the bargainer’s mindset that it creates in the market.

11. Meritan’s Branch Named Among Top Nurses -

Cindy Branch, Meritan’s associate vice president for health services, has been selected to represent Tennessee as one of the nation’s top 50 home care and hospice nurses by the National Association for Home Care & Hospice and the Home Healthcare Nurses Association. Branch, a registered nurse, has oversight of Meritan’s nursing programs, including home health, private duty nursing and medical residential homes. She will be recognized at NACH’s annual meeting in October.

12. RiverFit Brings Activity to Tom Lee Park -

Riverfront Development Corp. President Benny Lendermon, while advocating for the creation of Beale Street Landing, once referred to Tom Lee Park as one of the worst parks in the country.

13. US Wealth Gap Putting the Squeeze on State Revenue -

WASHINGTON (AP) – Income inequality is taking a toll on state governments.

The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according to a report being released Monday by Standard & Poor's.

14. Harold Ford Funeral Home Files Construction Loan -

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

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

15. Riverboat Enthusiasts Try to Save Delta Queen -

ST. LOUIS (AP) – A group of riverboat enthusiasts is trying to get the 1920s era paddlewheeler Delta Queen back on the Mississippi River.

Former Delta Queen Steamboat Co. executive Cornel Martin was in St. Louis this week seeking support and investment for his company, DQSC LLC, the St. Louis Post-Dispatch reported.

16. Coverage Gap Leaves Rural Tennessee Hospitals on Life Support -

Four rural hospitals have closed and dozens are at risk of shuttering: That’s the fallout, some say, from Gov. Bill Haslam’s decision not to join the Affordable Care Act in 2013 and tap into millions in promised federal funds for Tennessee’s financially-strapped health care institutions.

17. Apple Pushes Digital Wallet Service With Apple Pay -

Apple is betting that people want to pay with a tap of the phone rather than a swipe of the card.

The technology company on Tuesday introduced a new digital wallet service called Apple Pay that is integrated with its Passbook credential-storage app and its fingerprint ID security system.

18. New Owner Files Loan on Dexter Road BP -

The new owner of the BP gas station and convenience store at 7469 Dexter Road in unincorporated Northeast Shelby County near Cordova has filed a $1.4 million loan on the property.

19. 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.

20. Apple Pushes Digital Wallet With Apple Pay -

Apple is betting that people want to pay with a tap of the phone rather than a swipe of the card.

The technology company on Tuesday introduced a new digital wallet service called Apple Pay that is integrated with its Passbook credential-storage app and its fingerprint ID security system.

21. Woeful Period for US Markets -

September 8, 2014, S&P 2000 = 11 + 4 percent + 11 percent + 1.5 percent + 2.5 percent. The last five years have been consistently wonderful for the U.S. markets. Over the time period, the S&P 500 has advanced more than 17 percent annually. Only four bull markets (advances uninterrupted by a 20 percent decline) have lasted longer and returned more. What has this bull been eating?

22. Seniors and Student Loan Co-Signatures – Should You? -

Ray’s take: Your grandchild has been accepted to his or her college of choice. Great news! But now that the celebration of acceptance is over, it’s time to do a realistic budget and figure out where the money will come from to pay for tuition and all the other expenses associated with attending college.

23. Start Co. Post-Acceleration Efforts Help Startups -

Graduation from a Start Co. startup accelerator and making a pitch to investors at the organization’s “Demo Day” is no longer the last stage to cross before entrepreneurs head out into the wild to sink or swim.

24. American Recovery Drives the Dollar Sharply Higher -

NEW YORK (AP) – In the world of currencies, the dollar is starting to look like a safe home in a tough neighborhood.

A strengthening American economy, combined with a gloomy outlook for growth elsewhere, is pushing the U.S. currency sharply higher.

25. College Savings on the Rise as Plans Average $20,000 -

WASHINGTON (AP) – The good news is that Americans are saving more than ever for college. The bad news is that the average amount wouldn't come close to getting a person a degree.

In a report released Tuesday, the College Savings Plans Network found that the average college savings or prepaid tuition account known as a "529" plan is now worth about $20,671 – almost double what these accounts were worth during the dog-days of the recession.

26. Midtown West Clinic Sells for $6 Million -

The West Clinic cancer center at 1580 Union Ave. and two vacant parcels have sold for slightly less than $6 million.

27. Bloodworth: Greenways Increasing Residential Values -

The Memphis region’s existing 50 miles of greenways, paths and trails are responsible for some increase in property values, particularly residential property, says Rusty Bloodworth, vice president of Boyle Investment Co. and past chairman of the Urban Land Institute’s Memphis chapter.

28. Fueling Film -

FuelFilm, a nonprofit that wants to serve as a launch pad of sorts for independent filmmakers and to kick the Memphis film industry up a notch, is ready for its close-up.

The organization has already seen a productive 2014 and is moving forward with big plans for the 5-year-old nonprofit. Already, for example, it’s raised more than $40,000 in outside funding and supported the creation of more than two dozen short films and five features, not to mention the 35 workshops, panels and events it has run.

29. FedEx Ground Planning Memphis Hub Expansion -

FedEx Ground is planning a $3.3 million expansion and upgrade of its South Memphis facility, according to a news report.

This week, FedEx Ground pulled a building permit for its hub at 555 Compress Drive, according to The Commercial Appeal. The permit calls for a 10,000-square-foot expansion of its city van haul facility and a 2,343-square-foot office expansion, according to the report.

30. Magazine Honors Pugh’s for Spin-Off -

Floral Management magazine, the official publication of the Society of American Florists, has spotlighted Memphis-based Pugh’s Flowers for its development of a spin-off venture, Lickety Split Couriers.

31. Behind Big Macs, a Drama Over Corporate Control -

NEW YORK (AP) – Behind those Big Macs and Whoppers is a hidden drama over corporate control.

The fast-food industry is underpinned by an often tense relationship between companies like McDonald's and Burger King and the franchisees who run their restaurants. Few customers think about this when scarfing down burgers.

32. US Factory Orders Up Record 10.5 Percent in July -

WASHINGTON (AP) – Business orders for U.S. factory goods shot up by a record amount in July, reflecting a surge in demand in the volatile category of commercial aircraft.

But outside of transportation, orders actually fell slightly during the month although the setback was expected to be temporary.

33. Magazine Honors Pugh’s for Spin-Off -

Floral Management magazine, the official publication of the Society of American Florists, has spotlighted Memphis-based Pugh’s Flowers for its development of a spin-off venture, Lickety Split Couriers.

34. US Savings Bond – A Golden Oldie -

Ray’s take: U.S. savings bonds are debt instruments issued and fully backed by the federal government and were once touted as a great way to be patriotic. Their attraction historically has been safety (yes), deferred taxes (yes) and convenience (maybe). Traditionally, they were a staple gift for graduates, newlyweds and newborns.

35. US Manufacturing Grows at Fastest Pace in 3 1/2 Years -

WASHINGTON (AP) – U.S. manufacturing grew in August at the strongest pace in more than three years as factories cranked out more goods and new orders rose.

The Institute for Supply Management's manufacturing index rose to 59 from 57.1 in July, the ISM said Tuesday. That was the highest reading since March 2011. Any measure above 50 signals that manufacturing is growing.

36. Human Resources Seminar to Examine Office Cultures -

Russ Williams, CEO of Memphis-based marketing communications firm archer-malmo, doesn’t want to take credit for the creative vibe and culture found inside his firm – and, moreover, he doesn’t even think the firm has necessarily cracked any kind of secret code to put its own culture in place.

37. FedEx Ground Planning Memphis Hub Expansion -

FedEx Ground is planning a $3.3 million expansion and upgrade of its South Memphis facility, according to a news report.

This week, FedEx Ground pulled a building permit for its hub at 555 Compress Drive, according to The Commercial Appeal. The permit calls for a 10,000-square-foot expansion of its city van haul facility and a 2,343-square-foot office expansion, according to the report.

38. The Gold Left on the Table -

I always feel bad for clients of a full-cycle innovation project. After the many ideation and co-creation sessions, there are far too many viable concepts to pursue. In many cases, millions of dollars of market expansion, new products with tested, validated appeal and new licensing opportunities get swept aside just because there are too many possibilities.

39. Indmar Marine Engines Files Expansion Permit -

5400 Old Millington Road
Unincorporated Shelby County
Permit Cost: $2 million

40. Cadillac SRX Production Moving to Tennessee -

General Motors is moving production of the next-generation Cadillac SRX crossover SUV from Mexico to a factory in Spring Hill, Tennessee.

The company also announced Wednesday that it will add production of some small gasoline engines to the Spring Hill complex.

41. US Economy Grew at 4.2 Percent Rate in Second Quarter -

WASHINGTON (AP) – After a bleak start to the year, the U.S. economy grew at a brisk annual rate of 4.2 percent in the April-June quarter, the government said Thursday, slightly faster than it had first estimated.

42. 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.

43. 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.

44. Greenprint Advocates Tout Range of Benefits -

After being lampooned for years as one of the worst metro areas in the country for bicyclists and pedestrians, the Memphis region is poised to make a huge leap forward in developing a regional greenway and trail system.

45. Changing Landscape -

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

46. GM to Move Cadillac SRX Production to Tennessee -

SPRING HILL, Tenn. (AP) – General Motors is moving production of the next-generation Cadillac SRX crossover SUV from Mexico to a factory in Spring Hill, Tennessee.

The company also announced Wednesday that it will add production of some small gasoline engines to the Spring Hill complex.

47. Owner Quitclaims Grove Park Center -

Grove Park Center, the 94,200-square-foot office building at 4515 Poplar Ave. in East Memphis, has traded hands via quitclaim deed.

48. Yellen: Job Market Makes Fed Hesitant on Rate Hike -

JACKSON HOLE, Wyoming (AP) – Federal Reserve Chair Janet Yellen said Friday that the Great Recession complicated the Fed's ability to assess the U.S. job market and made it harder to determine when to adjust interest rates.

49. Veteran’s HomeCare Franchise Aims for Place in Market -

There are always adjustments to be made, such as when a middle-school-aged boy moves from Philadelphia to Birmingham, Ala.

Brian Walker still recalls that day in gym class when the P.E. instructor was taking roll. When Walker heard his name called, he answered the way he always had in his young life: “Yo.”

50. Silicone Arts Laboratories Recruited for Dallas Accelerator -

A Memphis company founded in 2011 that makes innovative cosmetic products has been recruited to participate in the Dallas-based health care accelerator Health Wildcatters.

The company is Silicone Arts Laboratories, which manufacturers a topical filler called Dermaflage that uses silicone to simulate skin and instantly conceal recessed imperfections. The product is waterproof and conceals skin imperfections for up to 36 hours. Designed for ease of use among consumers, Dermaflage’s other strength is that it provides a cosmetic option for concealing recessed scars and skin defects on the face and body without having to resort automatically to surgery or injections.

51. Council Rejects Utility Construction Contract -

The Memphis City Council approved on the first of three readings Tuesday, Aug. 19, an ordinance that adjusts the city’s policy on the investment of the city’s pension fund. The change would up the percentage of investments in real estate from 5 percent to 10 percent.

52. EDGE OKs Changes to Old Dominion PILOT -

The Economic Development and Growth Engine of Memphis and Shelby County tweaked the tax incentives for an expanding trucking company.

The payment-in-lieu-of-tax incentive, or PILOT, awarded to North Carolina-based less-than-truckload carrier Old Dominion Freight Line Inc. last year had to be adjusted after the company said it would create fewer jobs in the ramp-up period but increase capital spending and wages.

53. Memphis Multifamily Sector on Firm Ground -

It was 2008 and Memphis-based Makowsky Ringel Greenberg had just acquired a swath of property inside Boyle Investment Co.’s master planned Schilling Farms community in Collierville for a new multifamily development.

54. Bull Market -

From his office on the 21st floor of the Raymond James tower Downtown, John C. Carson Jr. has a sweeping view of the Mississippi River as it rolls by the Bluff City.

55. EDGE OKs Changes to Old Dominion PILOT -

The Economic Development Growth Engine of Memphis and Shelby County tweaked the tax incentives for an expanding trucking company.

The payment-in-lieu-of-taxes incentive, or PILOT, awarded to North Carolina-based less-than-truckload carrier Old Dominion Freight Line Inc. last year had to be adjusted after the company said it would create fewer jobs in the ramp-up period but increase capital spending and wages.

56. Yellen to Give Her Outlook as Fed Honeymoon Fades -

WASHINGTON (AP) – Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and restoring confidence in banks. Yellen has so far carried on his approach with barely a hiccup.

57. Council Rejects Utility Construction Contract -

The Memphis City Council approved on the first of three readings Tuesday, Aug. 19, an ordinance that adjusts the city’s policy on the investment of the city’s pension fund. The change would up the percentage of investments in real estate from 5 percent to 10 percent.

58. Fed-Casting the Next Six Months -

The central questions for this aging bull market involve the timing, pace and degree of interest rate increases. Low interest rates make equity earnings larger and more valuable. Freeze interest rates here and stocks look cheap. Increase them to historical norms and stocks look expensive.

59. Fullilove Calls Off Sales Tax Hike Try, Unions May Try -

Memphis City Council member Janis Fullilove pulled the plug Tuesday, Aug. 19, on a proposed November referendum on a citywide half cent sales tax hike.

60. Ballmer Steps Down From Microsoft Board -

LOS ANGELES (AP) – Former Microsoft CEO Steve Ballmer is stepping down from the company's board, bringing to a close 34 years with the software giant.

Ballmer says he plans to devote more time to his ownership of the Los Angeles Clippers, civic contributions, teaching and study.

61. Medtronic First-Quarter Profit Drops Almost 9 Percent -

MINNEAPOLIS (AP) – Medtronic Inc. on Tuesday reported net income that declined by nearly 9 percent in its fiscal first quarter, and beat analysts' expectations.

62. Developer Files Permit for Graceland-Area Hotel -

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

63. 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.

64. 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.

65. Less-Frenzied House Hunting in Williamson County -

This past week, Realtor Stephanie Tipton Soper had two out-of-town families relocating to Nashville. Both were in search of homes in Williamson County.

Disclosure being the better part of valor, Stephanie is my real estate partner at Christianson, Patterson, Courtney and Associates. With my wife Beth and our twins vacationing in London, Stephanie was the only real estate agent from whom I can draw immediate, deadline-ready data and information, so here she is.

66. Vendors Sought for Edge MEMfix Event -

A group behind the next MEMfix campaign in the Edge district is currently looking for vendors.

Livable Memphis is seeking vendors for the Oct. 18 MEMfix event, which will take place around the intersection of Marshall and Monroe avenues.

67. CBRE Picked to Manage Lenox Park Buildings -

CB Richard Ellis Memphis has been selected by Highbrook Investment Management to manage four buildings in the Lenox Park office complex, located at Tenn. 385 near Kirby Road.

The four 100,000-square-foot buildings are part of the seven that comprise the largest collection of Class A office space in Memphis. CBRE Memphis began management of buildings C, D, E and F on May 1. Since Highbrook purchased the four buildings in 2012, more than 50,000 square feet has been leased to companies including C.H. Robinson, W.M. Barr, Verso Paper and Metro PCS.

68. Local Leaders Work to Keep Cummins in Memphis -

Memphis and Shelby County are preparing to fight a border battle with Mississippi to keep hundreds of jobs inside the city.

The state of Mississippi is aggressively courting diesel engine manufacturer Cummins Inc. to move most of its Memphis operations south of the state line to DeSoto County, according to sources familiar with the effort.

69. Wal-Mart Cuts Profit Outlook -

BENTONVILLE, Ark. (AP) – Wal-Mart Stores Inc. cut its annual profit outlook on Thursday amid sluggish sales, higher-than-expected health care costs and the need to invest more in its e-commerce operations.

70. 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.

71. Developer Tries Again for Highland McDonald’s -

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

According to the most current site plan, the 5,353-square-foot restaurant building is situated along the sidewalk on Highland and a looping drive-thru proposed earlier has been replaced with one that runs along the eastern side of the building.

72. Roast of the Town -

If you catch Jimmy Lewis these days and get him talking about coffee roasting, chances are he might never stop.

73. 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.

74. Fresh Market Debuts Midtown Store -

For a while now Central Gardens resident Tom Clifton has been driving to East Memphis to get his groceries.

75. CBRE Picked to Manage Lenox Park Buildings -

CB Richard Ellis Memphis has been selected by Highbrook Investment Management to manage four buildings in the Lenox Park office complex, located at Tenn. 385 near Kirby Road.

The four 100,000-square-foot buildings are part of the seven that comprise the largest collection of Class A office space in Memphis. CBRE Memphis began management of buildings C, D, E and F on May 1. Since Highbrook purchased the four buildings in 2012, more than 50,000 square feet has been leased to companies including C.H. Robinson, W.M. Barr, Verso Paper and Metro PCS.

76. Making Philanthropic Dollars Go Extra Mile -

Giving back to the community is a great way to fulfill your life while helping improve the lives of others. Acts of charity are both widely needed and often given, so if you are thinking about donating money, resources or time to a philanthropic cause, there are a few things you should take into consideration.

77. Vendors Sought for Edge MEMfix Event -

A group behind the next MEMfix campaign in the Edge district is currently looking for vendors.

Livable Memphis is seeking vendors for the Oct. 18 MEMfix event, which will take place around the intersection of Marshall and Monroe avenues.

78. Southwind Village Office Owner Files $3.3 Million Loan -

The owner of the two parcels that compose the Southwind Village office complex in Southeast Memphis has filed a $3.3 million loan on the property.

The parcels are 3101 Players Club Parkway and 3195 Players Club Parkway, which sit at the southeast corner of Players Club Parkway and Hacks Cross Road.

79. New York Firm Buys Retirement Community -

996 Cherry Road
Memphis, TN 38117
Sale Amount: $12.9 million

Sale Date: July 30, 2014
Buyer: GFTV Audubon Owner LLC
Seller: TV Memphis LP
Loan Amount: $23.5 million
Loan Date: July 30, 2014
Maturity Date: N/A
Lender: Grandbridge Real Estate Capital LLC
Details: An affiliate of New York-based Garrison Investment Group has paid $12.9 million for the 176-unit Town Village Audubon Park retirement community at 950 Cherry Road in East Memphis.

80. Midtown Corner Could See Turnaround -

While Midtown as a whole is experiencing a resurgence, two properties at the key intersection of Union Avenue and McLean Boulevard remain vacant, decaying eyesores.

But a real estate agent representing the owner of the vacant office building and hotel at the southwest corner of Union and McLean says both properties are under contract to be sold.

81. New York Firm Buys Retirement Community -

An affiliate of New York-based Garrison Investment Group has paid $12.9 million for the 176-unit Town Village Audubon Park retirement community at 950 Cherry Road in East Memphis.

82. PILOT Incentives Go Before City Council -

The incentives used to attract companies to the city and county or retain existing jobs got a hearing before a Memphis City Council committee Tuesday, Aug. 5.

In the ultra-competitive world of economic development, incentives can tip the scales in favor of Memphis and Shelby County, said Reid Dulburger, president and CEO of the city-county Economic Development and Growth Engine.

83. 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.

84. PILOT Incentives Go Before City Council -

The incentives used to attract companies to the city and county or retain existing jobs got a hearing before a Memphis City Council committee Tuesday, Aug. 5.

In the ultra-competitive world of economic development, incentives can tip the scales in favor of Memphis and Shelby County, said Reid Dulburger, president and CEO of the city-county Economic Development and Growth Engine.

85. New Logistics Venture Lands $250,000 Investment -

Start Co.’s “Summer of Acceleration” already has proven a success for at least one startup that’s participated in one of the organization’s accelerators this year.

86. Tennessee Supreme Court Races See Spending Spike -

NASHVILLE (AP) – An influx of campaign spending on three Tennessee Supreme Court seats has transformed what is traditionally a sleepy affair into a hard-fought campaign that has raised questions about the role of partisan politics in the judiciary.

87. US Manufacturing Expands Again in July -

WASHINGTON (AP) — US manufacturing expanded for the 14th straight month in July in a good sign for the overall economy.

The Institute for Supply Management, a trade group of purchasing managers, reported Friday that its manufacturing index rose to 57.1, highest level since April 2011 and up from 55.3 in June.

88. US Manufacturing Expands Again in July -

U.S. manufacturing expanded for the 14th straight month in July in a good sign for the overall economy.

The Institute for Supply Management, a trade group of purchasing managers, reported Friday that its manufacturing index rose to 57.1, highest level since April 2011 and up from 55.3 in June.

89. As US Job Market Strengthens, Many Don't Feel It -

WASHINGTON (AP) — For millions of workers, happy days aren't quite here again.

Though the U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent, the Gallup Organization has found that consumers' view of the economy is the glummest it's been in seven months.

90. 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?

91. More Vigorous US Economy Appears to Be Emerging -

WASHINGTON (AP) — The U.S. economy has rebounded with vigor from a grim start to 2014 and should show renewed strength into next year.

That was the general view of analysts Wednesday after the government estimated that the economy grew at a fast 4 percent annual rate in the April-June quarter. Consumers, businesses and governments joined to fuel the second-quarter expansion. The government also said growth was more robust last year than it had previously estimated.

92. What’s Your Investment Risk Profile? -

Ray’s Take Risk. It’s something we are all involved in every day – sometimes consciously and sometimes not.

Just walking out the door of our homes and driving our cars involves a level of risk we don’t think about. We just assume we will arrive at our destination in good shape. There’s our daily subconscious risk.

93. FedEx Founder Highlights Economic Club Fall Slate -

FedEx founder Fred Smith will make a rare public speaking appearance in Memphis Nov. 6, as part of the fall 2014 lineup of speakers planned for the Economic Club of Memphis.

94. 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?

95. Grizzlies Plan ‘Pop-Up Park’ for Tom Lee Park -

The Memphis Grizzlies would like to activate Tom Lee Park while generating a community-wide discussion about the highest and best use of green spaces.

96. D. Canale Affiliate Buys Property for Distillery -

301 S. Front St.
Memphis, TN 38103
Sale Amount: $785,000

Sale Date: July 10, 2014
Buyer: Dominick Properties LLC
Seller: 301 South Front Street GP

97. Orders for US Durable Goods Up 0.7 Percent in June -

WASHINGTON (AP) – Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans.

98. Nursing Home Owner Files $9 Million Loan -

The owner of the 284-bed Grace Healthcare of Cordova nursing home at 955 N. Germantown Parkway has filed an $8.9 million loan on the property.

99. Start Co. Steers Accelerators Toward Demo Day -

Memphis’ startup community is in the throes of its busiest summer in memory.

The Start Co. organization is running four startup accelerator programs at the moment simultaneously, compared to past undertakings that involved one accelerator at a time. The four programs underway now include Seed Hatchery, Upstart, SparkGap and Sky High, and they include the participation of more than two dozen teams, some of which hail from Memphis and others from around the country.

100. Lot Shortage Poses Next Roadblock -

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