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Editorial Results (free)

1. Yahoo Chief Mayer Says She's Pregnant With Twins -

SAN FRANCISCO (AP) — Yahoo CEO Marissa Mayer is pregnant with identical twins.

Mayer, 40, said on her blog that she and her husband are expecting twin girls in December.

"I have some exciting news to share — I'm pregnant!" wrote on Tumblr late Monday.

2. Proposal Prompts Closer Look at Tax Breaks -

In recent years, the tax incentives used to bring economic development and jobs to Memphis have been a lightning rod.

The debate’s volume grew as it became apparent that Memphis was emerging from the national recession at a slower pace than other major cities as well as some parts of rural west Tennessee and north Mississippi.

3. Demo Day Brings Together Start Co., ZeroTo510 Entrepreneurs -

The entrepreneurial ecosystem was more abundant than ever at Demo Day 2015, where Start Co. and ZeroTo510 worked in conjunction for the first time to present graduates of their business accelerator programs to investors and community leaders.

4. $9.5 Million Permit Filed For Downtown Hotel -

310 Union Ave.
Memphis, TN 38103

Permit Cost: $9.5 million

Permit Date: Applied August 2015

5. Wunderlich Taps New General Counsel -

Memphis-based investment firm Wunderlich Securities has named James Ritt as its new chief compliance officer and general counsel.

He has 30 years of experience in the securities industry, including serving as general counsel for Memphis-based Morgan Keegan from 1998 to 2012. More recently, he served as general counsel and chief legal officer for Birmingham-based Sterne Agee Group from 2012 to 2014.

6. Be Prepared for That Inevitable Computer Crash -

Editor’s note: This is the second part of a series on being nimble and proactive with technology in the small-business world.

Recently our team received a flood of support requests for failed hard drives. Users were frantic to salvage documents or key projects from their devices. Fortunately we were able to recover quite a few. But each instance serves as a reminder that success is 90 percent preparation and 10 percent perspiration.

7. Regions Wealth Executive Talks Expansion, Growth Opportunities -

Travis LeMonte has been on the job for a little more than two months, but the executive leading Regions Private Wealth Management in West Tennessee already is talking expansion and adding to his team’s wealth management firepower.

8. Wunderlich Taps New General Counsel -

Memphis-based investment firm Wunderlich Securities has named James Ritt as its new chief compliance officer and general counsel.

He has 30 years of experience in the securities industry, including serving as general counsel for Memphis-based Morgan Keegan from 1998 to 2012. More recently, he served as general counsel and chief legal officer for Birmingham-based Sterne Agee Group from 2012 to 2014.

9. Cadence Bank Supports Memphis Organizations with Direct, Indirect Aid -

Banks are important community institutions not just for the services they provide – consumer loans, small business financing, etc. – but also for the investment they make in communities.

Such investments include the one announced by Cadence Bank recently, a six-figure equity-equivalent investment to River City Capital to support its Small Business Loan Fund.

10. Improving Access -

With Hispanics expected to make up 31 percent of the nation’s population by 2060, Christian Brothers University is investing in its growing community by pledging $12.5 million to go toward scholarships for immigrant students whose legal residency status may be in question.

11. Earnings Season Roundup -

International Paper Reports Q2 Earnings Growth: International Paper reports its second-quarter net earnings grew while net sales for the quarter decreased slightly.

The Memphis-based company, which released its quarterly financial results Wednesday, July 29, said second-quarter earnings totaled $227 million, or 54 cents per share. That’s up from $161 million, or 37 cents per share, in second quarter 2014, but down from $313 million, or 74 cents per share, in first quarter 2015.

12. 'En Fuego' -

When Southaven Mayor Darren Musselwhite took office in June 2013, one of the first tasks that landed on his desk was a long-planned regional outlet mall.

The outlet mall, planned for a roughly 33-acre site at Church Road and Interstate 55 in the DeSoto County city, had been on the drawing board for some time, but the recession and its aftermath caused developers and Mississippi officials to put it on hold.

13. Warehouse At Perimeter Point Sells for $775,000 -

A Perimeter Point industrial building has been sold for $775,000.

Missouri-based Martabra Real Estate LLC acquired the flex warehouse building at 5055 Covington Way, just off Covington Pike south of Elmore Road, from CP Perimeter Point LLC, an affiliate of California-based Coastal Partners LLC.

14. Spending Every Dime – Is It Feasible? -

Ray’s Take In the good old days, when you retired you got a gold watch and a pension and didn’t worry about much else.

Investment management was somebody else’s problem. You watched the sunset, not CNBC. This gave way to more recent retirement planning where you worked 30 or 40 years, saving along the way and when you got to 67 (or older) you quit, and lived on your Social Security and 401(k) savings and sometimes some part-time work. If you did it “right” you withdrew a set percentage of the funds and lived comfortably until age 85, as long as you didn’t hit some kind of devastatingly expensive health event.

15. Orders For US Durable Goods Jump 3.4 Percent in June -

WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods posted a sizable gain in June, but the advance was fueled by higher demand for commercial aircraft. Outside of this volatile category, a key category that represents business investment rose by a far more modest amount.

16. ‘Play Together’ -

The Memphis Medical Center is a hotbed of nationally renowned research and health care, but after dark the area might as well be dead.

Despite a workforce of 16,000 and a student base of 8,000, there are limited residential facilities and only a handful of nearby restaurants. But that’s all poised to change thanks to a partnership with an outside consulting group.

17. Memphis Sole -

The football field measurements are perhaps inevitable in describing just how big Nike’s Northridge distribution center in Frayser is after its $301 million expansion.

The 2.8 million-square-foot facility – the equivalent of 49 football fields – is Nike Inc.’s largest distribution center in the world.

18. Cheaper Fuel Helps Southwest, United Post Record 2Q Profits -

DALLAS (AP) — Cheaper fuel and full planes are adding up to record airline profits, and the carriers are sharing the bounty with stockholders.

They're finally even giving passengers a break on fares.

19. Dunavant Bulks Up in Memphis, Texas -

Richard McDuffie was busy working in his East Memphis office when a company representative delivered the news.

20. Why Airlines Keep Pushing Biofuels: They Have No Choice -

NEW YORK (AP) — The number of global fliers is expected to more than double in the next two decades. In order to carry all those extra passengers, airlines are turning to a technology very few can make work on a large scale: converting trash into fuel.

21. Ikea Buys Cordova Acreage For Planned Memphis Store -

41 Acres for
Future Ikea Store

Sale Amount: $5.7 million

Sale Date: July 10, 2015

Buyer: IKEA Property Inc.

22. Memphis Tourism Officials: Limit Hotel Tax Breaks -

A wave of Downtown hotel plans has officials pumping the brakes on using public incentives for smaller, limited-service hotels.

With up to a dozen Downtown hotel projects in the development pipeline, the Memphis Convention and Visitors Bureau has asked the Downtown Memphis Commission to explore limiting incentives to large, full-service hotels.

23. Crowne Plaza Downtown Getting $7 Million Facelift -

The new owners of the Crowne Plaza Memphis Downtown are launching a top-to-bottom renovation of the property.

Memphis-based Architecture Inc. will lead the $7 million renovation, which will include guest room upgrades, public space improvements and the relocation of some amenities to maximize space.

24. On Edge -

In February Sam Carolan was planning to move from Austin, Texas, to Memphis to become a digital sales specialist for Nexstar Broadcasting Group Inc., which owns the ABC24 and CW30 television channels.

25. LRK Launches Expansion in Downtown Memphis -

Looney Ricks Kiss is embarking on an expansion of its Downtown Memphis headquarters.

The Memphis-based architecture, planning and design firm is expanding its office footprint by about 60 percent as part of a long-term lease extension at the Toyota Center building adjacent to AutoZone Park, 175 Toyota Plaza.

26. Tennessee’s ‘Fighting 26’ Democrats Work to Stay Relevant -

Sometimes Tennessee Democrats must feel like a tree that falls in the forest: Does anyone hear them?

When Democratic legislative leaders called for a special session this summer on Insure Tennessee, Gov. Bill Haslam’s market-based plan to use federal dollars to catch 280,000 working people in a health care coverage gap, they found themselves alone.

27. Beale Authority Prepares to Negotiate Lease With Memphis Leaders -

The Beale Street Tourism Development Authority is at what Downtown Memphis Commission president Paul Morris describes as an “awkward interim stage.”

28. Dresden Site Certified as Shovel-Ready -

A “pad ready” greenfields site on Swanson Drive in Dresden, Tenn., is one of three across the state named Thursday, July 9, as a Select Tennessee Certified Site” by the Tennessee Department of Economic and Community Development.

29. Beale Group Plans for Lease Agreement Instead of District Ownership -

The Beale Street Tourism Development Authority is dropping the idea for now of a fee simple ownership of the entertainment district.

Members of the authority board, which met Thursday, July 9, will instead pursue the leasehold agreement with the city of Memphis, as contemplated in the city ordinance that created the authority as the new long-term planning group for the district.

30. Dresden Site Certified As Shovel-Ready -

A “pad ready” greenfields site on Swanson Drive in Dresden, Tenn., is one of three across the state named Thursday, July 9, as a Select Tennessee Certified Site” by the Tennessee Department of Economic and Community Development.

31. New Hotel Planned for Downtown Memphis -

Two Ohio-based development firms plan to build a new hotel on a vacant site in Downtown Memphis.

The Orlean Co. of Beachwood, Ohio, and Ceres Development LLC of Westlake, Ohio, plan on building a Cambria Suites on a 3.3-acre lot on the south side of Union across from Fourth Street, just west of Danny Thomas Boulevard.

32. Colorado-Based Summit Wealth Group Expands to Memphis -

Randy Morris' Colorado-based independent wealth management firm Summit Wealth Group has grown at a steady clip over the last several years, and its new entry into the Memphis market shows that trend isn't slowing.

33. NYSE Resumes Trading After Outage of More Than 3 Hours -

NEW YORK (AP) – Trading has resumed on the New York Stock Exchange after an outage of more than three hours caused by technical problems.

There was no interruption at the dozens of other U.S. stock exchanges Wednesday, including the Nasdaq, so investors were still able to buy and sell stocks easily.

34. Phillip Rogers Joins Wunderlich Wealth Management -

Phillip Rogers recently joined the Wunderlich Wealth Management office in Memphis as a managing director and financial adviser. Rogers’ financial services practice is focused on the needs of high net worth individuals, as well as endowments and foundations. He applies his background in and knowledge of the fixed income capital markets to extend an institutional level of expertise to individual investors.

35. Memphis City Council to Vote on Forrest Statue Removal -

[Update: Adds specifics of City Council's proposal on Nathan Bedford Forrest. The council will vote on the Forrest statue removal today.] With the city budget season done, Memphis City Council members turn their attention Tuesday, July 7, to development in the Pinch district, the statue of Nathan Bedford Forrest and redrawing council district lines.

36. Fino’s Taking a Bite Out of East Memphis -

The Brookhaven Circle area, an emerging restaurant row in the heart of East Memphis, is welcoming a new neighbor.

Jerry Wilson, owner of Fino’s from the Hill at 1853 Madison Ave. in Midtown, has acquired the property at 703 W. Brookhaven Circle in East Memphis for $526,600.

37. Engaging Followers Via LinkedIn -

LinkedIn, the world’s largest social media platform specifically targeting the business community, has grown to roughly 350 million users in 2015 according to Statista. And businesses have taken note with more than 4 million of them flocking to create company pages in order to tap into this critical mass of business professionals.

38. Graceland Hotel Developers File $84 Million Construction Loan -

3600 Elvis Presley Blvd.
Memphis, TN 38116
Loan Amount: $84 million

39. Business in Politics -

One of the first things Shea Flinn noticed when he left the Memphis City Council this year was that benches for audience members in the council chamber are less comfortable than council members’ seats.

40. Graceland Hotel Developers File $84 Million Construction Loan -

The developers behind a massive hotel near Graceland are ready to shake, rattle and roll on the project.

Guest House at Graceland LLC, formed to develop the hotel, has filed an $84 million construction loan for the 450-room resort-style hotel at 3600 Elvis Presley Blvd.

41. Michigan Investor Pays $7.5 Million for Hickory Hill Apartments -

5995 Waterstone Oak Way
Memphis, TN
Sale Amount: $7.5 million

Sale Date: June 11, 2015
Buyer: RoCo-Lakes LLC
Seller: RRE Waterstone Holdings LLC
Loan Amount: $6.2 million
Loan Date: June 11, 2015
Maturity Date: June 11, 2017
Lender: Keybank NA
Details: RoCo-Lakes LLC, a Michigan limited liability company, purchased two parcels comprising The Lakes at Ridgeway Apartments on June 11.

42. Fast Growth for Knoxville Diocese -

For the smallest Catholic diocese in the U.S., the Knoxville diocese knows how to draw a crowd of movers and shakers.

At the April 19 groundbreaking for the new $25 million cathedral, the lineup of both secular and non-secular dignitaries attending a weekend of events was impressive.

43. Local Investment Group Files $11.4 Million Loan -

Radiant Group of Properties LLC filed an $11.4 million loan with BancorpSouth Bank on June 14 for 14 of its retail properties around Memphis and Shelby County.

44. Hillwood Pays $17.7 Million for FedEx SupplyChain Facility -

5050 E. Holmes Road and 0 Lamar Ave.
Memphis, TN 38118
Sale Amount: $17.7 million

45. AP Analysis: More 'Phony Numbers' in Reports as Stocks Rise -

NEW YORK (AP) – Those record profits that companies are reporting may not be all they're cracked up to be.

As the stock market climbs ever higher, professional investors are warning that companies are presenting misleading versions of their results that ignore a wide variety of normal costs of running a business to make it seem like they're doing better than they really are.

46. Solana Senior Living Facility Sells for $65.5 Million -

8199 Poplar Ave.
Germantown, TN 38138

Sale Amount: $65.5 million

Sale Date: May 27, 2015

47. Prepare for Takeoff -

At Southern Airways Express’ hub in a Memphis International Airport executive terminal, movement is at a peaceful lull.

There are no loudspeaker announcements or TSA check-in points. Patrons sip complimentary coffee. The lobby opens right onto the tarmac where a fleet of 9-passenger Cessna 208 Caravan jets land about 12 times daily.

48. TruGreen Selects East Memphis for New Headquarters -

TruGreen is moving more than 300 Memphis-area employees and its corporate headquarters to a 65,000-square-foot space at the Forum II office building in East Memphis, the company announced Friday.

The new headquarters, which will eventually house up to 400 of TruGreen’s corporate associates, will be part of the three-building Forum Office Complex, situated at the intersection of Kirby Parkway and Poplar Avenue.

49. Snapshot: Memphis-Based Public Companies -

Here's a look at what's going on at the dozen public companies headquartered in Memphis:

AutoZone Inc.

AutoZone Inc. is one of the largest auto parts retailers and distributors in the U.S., with a store count of 5,476 as of Feb. 14. Since 1998, the company has repurchased $15.7 billion worth of its own shares. At the end of March, AutoZone continued its share buyback program with the authorization to buy back another $750 million in company stock. The company followed that news with plans to pursue a $650 million debt offering to be used for “general corporate purposes.” – Andy Meek

50. Conn’s Acquires Site for Third Memphis-Area Location -

A Texas-based retailer has acquired a fully leased shopping center in Southaven and will build a new store on an outparcel of the existing retail center.

Conn’s Appliances Inc. acquired the Stateline Square Shopping Center at 550 Stateline Road in Southaven for $5 million from Brixmor Commercial Real Estate, which was doing business as NPK Southaven LLC.

51. Agriculture Secretary Keynotes International Conference -

U.S. Agriculture Secretary Tom Vilsack and a U.S. delegation are hosting an international conference on rural development this week at the National Civil Rights Museum.

Vilsack was to give the keynote address Tuesday, May 19, to the 10th annual conference by the Organisation for Economic Cooperation and Development.

52. Justices Make It Easier to Sue Over 401(k) Retirement Plans -

WASHINGTON (AP) – The Supreme Court ruled unanimously Monday in favor of participants in employee retirement plans who object to companies' investment decisions that eat into retirement savings.

53. Nashville Emerging ‘As a Regional Tech Leader’ -

Two very different startups speak volumes about how much the Nashville venture capital scene has changed over the years and how things are still evolving.

When Franklin-based Cybera began with three employees in 2001, it set up voice and data networks for small to medium-sized companies, using leased space on traditional telecom companies’ high-speed digital subscriber lines.

54. Investors Pumping Hundreds of Millions Into Tennessee Startups -

The assignment sounded simple enough: Find out whether more money is coming into Nashville for startups.

If so, where is it coming from and what does it means to entrepreneurs, investors and the rest of us?

55. Polish Ambassador Says Broader Europe Concept Challenged -

When Poland’s ambassador to the United States spoke to a Memphis in May International Festival luncheon last week, U.S. Rep. Steve Cohen came with an item from his collection of political pins.

56. Massey Helps Grow Memphis CCIM Chapter -

Unlike countless college students who hop from one major to another, Shawn Massey always knew he wanted to be involved in commercial real estate.

57. Conduit Job Cuts Follow Bass Pro Gain -

The news that Conduit Global would lay off nearly 600 of its 700 Memphis call center employees happened so quickly that Mayor A C Wharton Jr. was caught by surprise when the word came Wednesday, May 6.

58. Cannabis Oil Bill Could Lead to More ‘Evil Weed’ Wins -

Logan and Stacie Mathes were on "pins and needles" as they waited for Gov. Bill Haslam to sign legislation into law allowing cannabis oil to be used to treat seizures and similar medical problems in Tennessee.

59. New Questions About Southbrook Mall Renovation -

Late last year, Memphis Mayor A C Wharton Jr. was pushing a town center-type conversion of Whitehaven’s Southbrook Mall.

But Memphis City Council members questioned Tuesday, May 5, whether the Wharton administration’s plan for a town center at the Southbrook Mall site in Whitehaven was set up to fail once the funding reached the mall’s nonprofit board.

60. Rodgers Takes Reins at Collierville Chamber -

Kanette Keough-Rodgers recently took over as president/CEO of the Collierville Chamber of Commerce after the chamber’s transition team selected her from more than 170 candidates.

In her new role, Rodgers is responsible for retaining and expanding chamber membership by ensuring members receive relevant, responsive and timely services, initiatives, programs and events. She is also responsible for forging and sustaining relationships with community, government and educational institutions.

61. Germantown Parkway Parcels Sell for $3.4 Million -

789 and 725 N. Germantown Parkway
Memphis, TN 38018
Sale Amount: $3.4 million

62. Avondale Partners Expands Into Memphis -

Avondale Partners, a Nashville-based boutique investment banking and wealth management firm, has opened a new office in Germantown with John Santi heading up the location as managing director.

The new office brings to the Mid-South investment banking and equity research focused on the health care, transportation, logistics and business services sectors as well as a fiduciary investment practice for individuals and institutions.

63. UAW Reports 55 Percent Membership at VW Plant in Tennessee -

NASHVILLE, Tenn. (AP) – The United Auto Workers union has 816 members at the Volkswagen plant in Tennessee, or about 55 percent of the total blue collar work force, according the union's latest disclosure with the U.S. Department of Labor.

64. Bristol on Union, Crowne Plaza Poised For Sales -

Two key pieces of commercial real estate – one Downtown and one in the Memphis Medical District – are poised to trade hands.

A joint venture between New York-based DRA Advisors LLC and Memphis-based Fogelman Properties LLC have entered into an agreement to acquire the 220-unit Bristol on Union apartment community at Union Avenue and Interstate 240 from Sentinel Real Estate Corp, which has owned and operated the property since 2006.

65. Loeb Sees Activity at Executive Square -

Loeb Properties has picked up a new lease and a lease renewal inside the Executive Square development in East Memphis.

BoCo Health Services signed a new lease for 1,007 square feet in Suite 103 at 5575 Poplar Ave. In addition, Sunshine Corp. renewed its 1,075-square foot lease in Suite 420.

66. Bristol on Union, Crowne Plaza Memphis Poised for Sales -

Two key pieces of commercial real estate – one Downtown and one in the Memphis Medical District – are poised to trade hands.

A joint venture between New York-based DRA Advisors LLC and Memphis-based Fogelman Properties LLC have entered into an agreement to acquire the 220-unit Bristol on Union apartment community at Union Avenue and Interstate 240 from Sentinel Real Estate Corp, which has owned and operated the property since 2006.

67. REIT Acquires Three Hotels for $39.6 Million -

7905 Giacosa Place, 5320 Poplar Ave. and 7855 Wolf River Boulevard
Memphis, TN
Sale Amount: $39.6 million

68. USTelecom Files Suit Against Government's New Internet Rules -

NEW YORK (AP) – A legal fight against the Federal Communications Commission's new Internet traffic rules has begun.

The rules were approved in February and uphold the principle of net neutrality – that online content be allowed to load at the same speed. They forbid paid fast lanes favoring some content and say broadband providers can't slow Web traffic or block content.

69. Pinnacle Awards Honor Commercial Real Estate Standouts -

The local commercial real estate community gathered at the Memphis Botanic Garden Thursday, April 9, for the 14th annual Pinnacle Awards. Every year, the Memphis Area Association of Realtors Commercial Council honors its members based on their transactional volume, merit and community activity.

70. Germantown Mayor Hosts Inaugural CEO Roundtable -

Germantown Mayor Mike Palazzolo recently hosted a meeting of area CEOs as part of the city’s new CEO Roundtable.

Palazzolo said he recognizes “the need for the top level executives within the city of Germantown to meet peer-to-peer and discuss matters of mutual concern regarding the challenges and opportunities that face our organizations and the greater community.”

71. Germantown Mayor Hosts Inaugural CEO Roundtable -

Germantown Mayor Mike Palazzolo recently hosted a meeting of area CEOs as part of the city’s newly formed CEO Roundtable.

Palazzolo said he recognizes “the need for the top level executives within the city of Germantown to meet peer-to-peer and discuss matters of mutual concern regarding the challenges and opportunities that face our organizations and the greater community.”

72. Highland Capital Management Merges With Florida Firm -

Memphis-based investment firm Highland Capital Management has merged with a Florida-based financial firm.

Highland Capital has acquired the assets of ICC Capital Management, a combination that increases client assets under management at Highland to $2.8 billion. As a result, Highland’s parent company, Louisiana-based wealth management firm Argent Financial Group, is now responsible for client assets of more than $11 billion.

73. Amazon.com Offering to Help Get Jobs Done Around the House -

SEATTLE (AP) – Amazon.com is introducing a referral service to help people to get projects and chores done around their homes.

The recommendation system, called Amazon Home Services, marks the e-commerce company's latest attempt to expand its empire beyond online shopping. It debuted Monday across the U.S. after several months of testing in New York, Los Angeles and Amazon.com's home city of Seattle.

74. Business Forecasters Boost 2-Year Outlook for US Economy -

A business economics group has boosted its outlook for U.S. economic improvement this year and next, particularly for job growth.

The March report from the National Association for Business Economics forecasts more hiring, a lower unemployment rate, a lower inflation rate and more growth in consumer spending in 2015, compared to the group's forecast in December 2014.

75. Orion Acquires Medical Center Property for New Branch -

821 Poplar Ave.
Memphis, TN 38105
Sale Amount: $1.3 million

Sale Date: March 20, 2015
Buyer: Orion Federal Credit Union
Seller: Georgia Commercial Stores Inc.
Details: Orion Federal Credit Union has acquired a key piece of Memphis Medical Center real estate for a new branch.

76. Memphis-Area Homes Part of $553 Million Loan -

A total of 66 residential single-family rental properties in the Memphis area, including the cities of Memphis, Lakeland and Arlington, are part of a massive loan arranged by Goldman Sachs for a leading residential real estate investment trust.

77. High Water -

The city’s 3.3 miles of floodwalls and five miles of levees held in the 2011 near record rise of the Mississippi River at Memphis.

But in the four years since, the walls have continued to settle by as much as 18 inches in some places.

78. HJ Heinz Buys Kraft To Build $28 Billion Food Giant -

NEW YORK (AP) – Some of the most familiar names in ketchup, pickles, cheese and hot dogs are set to come under the same roof after H.J. Heinz Co. announced plans Wednesday to buy Kraft and create one of the world's largest food and beverage companies.

79. Memphis-Area Homes Part of $553 Million Loan -

A total of 66 residential single-family rental properties in the Memphis area, including the cities of Memphis, Lakeland and Arlington, are part of a massive loan arranged by Goldman Sachs for a leading residential real estate investment trust.

80. ServiceMaster Announces Post Secondary Stock Offering -

Memphis-based ServiceMaster Global Holdings Inc. filed notice Friday, March 20, of its proposed secondary offering of common stock.

81. Simon Property Raises Bid for Macerich to $16.8 Billion -

NEW YORK (AP) – Mall operator Simon Property boosted its hostile bid for rival Macerich by 5 percent to $16.8 billion and said it will be its best and final offer.

The proposed deal would combine two of the largest U.S. shopping mall operators.

82. Argent Financial Adds to Executive Ranks in Memphis -

Argent Financial Group and its Argent Trust Co. subsidiary have added David Franks to executive ranks as senior vice president and relationship manager.

83. Argent Financial Adds To Executive Ranks in Memphis -

Argent Financial Group and its Argent Trust Co. subsidiary have added David Franks to executive ranks as senior vice president and relationship manager.

84. Morris Talks of ‘Opportunity Cost’ -

The president of the Downtown Memphis Commission says it is a mistake for Memphis leaders to try to match Nashville’s new convention center and massive convention centers being built in other cities.

85. Holding On -

The national outlook for traditional enclosed malls is bleak. No new enclosed mall has been built in the U.S. since 2006. More than 24 have closed since 2010, and an additional 60 are teetering on the edge, according to data from Green Street Advisors. Around 15 percent of malls nationwide are expected to close in the next decade.

86. Simon Property Group Launches $16 Billion Hostile Bid for Macerich -

INDIANAPOLIS (AP) – Simon Property Group has launched a $16 billion hostile bid for Macerich Co. after saying its rival refused to discuss a combination of two of the largest U.S. mall operators.

87. Highland Row Developer Approved for $11 Million Permit -

395 S. Highland St.
Memphis, TN 38111
Permit Amount: $11 million

Project Cost: $61 million
Permit Approval Date: March 2015
Owner: Highland Row LLC
Contractor: Milhaus Construction LLC
Details: The developer of the mixed-use Highland Row project won approval for an $11 million building permit from the city-county Office of Construction Code Enforcement.

88. Space Race -

Businesses looking for office space in Nashville are learning a painful lesson that homebuyers already know – prices are high, and if you take time to shop around for a better deal, someone else is likely to snap up the property, leaving you out in the cold.

89. Southbrook Project Resurfaces Again -

The owners of Southbrook Mall got $1.5 million in improvements from City Hall this week. But it wasn’t the $1.5 million the owners of the Whitehaven mall wanted in 2012, when the city contemplated giving them that sum to fix the roof and make repairs to the mall’s heating and air conditioning system.

90. Eliminating Hall Income Tax Raises New Problems -

Republican lawmakers are lining up legislation to reduce or phase out Tennessee’s Hall income tax on investments, even though Gov. Bill Haslam is concerned about losing revenue amid the state’s economic ups and downs.

91. ABB Creating 200 Jobs in Memphis -

ABB, which bought Memphis-based electrical components maker Thomas & Betts in 2012 for $3.9 billion, is expanding its Memphis-area footprint.

The company said Tuesday, March 3, it plans to spend $30 million to build a new manufacturing site and expand its customer experience center for its low voltage products division here. Plans call for creating more than 200 jobs as a result of that investment, with another 100 jobs expected over the next five years.

92. Memphis Industrial Portfolio Sells for $86.3 Million -

A Minnesota-based real estate investment trust has acquired a large Memphis industrial portfolio for $86.3 million, one of the largest transactions ever recorded in the Memphis market.

Welsh Property Trust acquired the six-building, 2.3 million-square-foot portfolio from DCT Industrial Trust in a sale that was finalized last week. Built between 1998 and 2001, the six buildings are located in the Eastpark, Chickasaw and Southpoint Industrial Parks. The purchase price breaks down to about $37 per square foot.

93. Memphis Industrial Portfolio Sells for $82.6 Million -

A Minnesota-based real estate investment trust has acquired a large Memphis industrial portfolio for $82.6 million, one of the largest transactions ever recorded in the Memphis market.

Welsh Property Trust acquired the six-building, 2.3 million-square-foot portfolio from DCT Industrial Trust in a sale that was finalized last week. Built between 1998 and 2001, the six buildings are located in the Eastpark, Chickasaw and Southpoint Industrial Parks. The purchase price breaks down to about $37 per square foot.

94. Goldman Sachs ‘Confident’ in Memphis -

In April, Rachel Diller, managing director of the urban investment group at Goldman Sachs, received a phone call in her New York office from officials at Phoenix-based Dudley Ventures.

The executives at Dudley Ventures, which specializes in large tax-credit supported projects, were arranging financing for the $200 million effort to transform the old Sears Crosstown property and wanted to know if the New York-based investment bank was interested.

95. Real Estate Pros Upbeat -

After finally latching on to the broader national economic recovery in 2013, the Memphis-area commercial real estate market shook of the last vestiges of the Great Recession and roared back to life in 2014 with the office, retail, industrial and apartment sectors all producing solid gains.

96. Paragon Bank Closes the Book on Busy 2014 -

Paragon Bank has closed the book on 2014, an active year for the bank with milestones that included, among other things adding a wealth solutions team, executing new leases for two banking centers and forming a small business capital group.

97. European Cruise Giant Viking Plans Mississippi River Tours -

NEW ORLEANS (AP) – European river cruise giant Viking, already gaining a high profile in the United States with its sponsorship of popular PBS television shows, announced Tuesday that it will make New Orleans its first North American home port for Mississippi River cruises expected to begin by late 2017.

98. Saving for Retirement: Obama Proposal Sets Up Wall Street Fight -

WASHINGTON (AP) – Tapping the anxieties of aging baby boomers, President Barack Obama on Monday called for tougher standards on brokers who manage retirement savings accounts, a change that could affect the investment advice received by many Americans and aggravate tensions between the White House and Wall Street.

99. Council Critical of Wharton Debt Restructuring -

First reviews from Memphis City Council members Tuesday, Feb. 17, to Memphis Mayor A C Wharton’s plan to restructure the city’s debt payments were harsh and skeptical.

Wharton wasn’t present in council committee sessions Tuesday as council member Jim Strickland played audio of Wharton in 2010 telling council members that the restructuring of city debt then was a “plain vanilla” transaction.

100. New Entrepreneurship Group Taps First President -

The Memphis Bioworks-led entrepreneurship initiative EPIcenter has tapped a nationally recognized entrepreneurship and business development leader to serve as its first president.

Leslie Lynn Smith comes to the job after five years as president and CEO of TechTown Detroit. She'll also serve as a vice president on the Bioworks executive team.