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Editorial Results (free)

1. National Expansion -

As Amy Howard built her high-end, luxury furniture manufacturing business in Memphis over 23 years, the entrepreneur developed her own lines of paints and finishes for the pieces.

2. Downtown Knoxville Tourism Finally Finds its Stride -

When Kim Trent moved to Knoxville in 1990, she could stand along Gay Street on a Sunday and be the only soul in sight. Today, she’s a face in the crowd.

3. 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.

4. Level Nine Provides Concierge Staff on Call -

Jimmy Farrell, a partner at Benefit Recovery Inc., a health care cost-containment firm, was searching for reliable and enjoyable transportation to and from Memphis International Airport for himself, his clients and employees.

5. University of Tennessee Students Help Design Nashville’s Future -

Nashville may be a city on the rise, attracting new residents by the droves. But it’s also a laboratory for students at the University of Tennessee-Knoxville’s College of Architecture and Design, where they are designing the communities of the future in partnership with the Nashville Civic Design Center.

6. HipD: Donelson Finds Its Cool Side -

The tag “Hip Donelson” evoked plenty of snickers, eye rolls and snarky comments when it first appeared. After all, the local joke goes, Donelson’s known for hip replacements – not hipsters.

7. Vaco Memphis Expands, Emphasizes Risk Solutions -

Somebody else’s problem provides your business an opportunity. That’s just the way things work and for much of Vaco Memphis’ 10 years, their focus was on offering recruiting and consulting services in areas that included technology, accounting, finance, logistics and administration.

8. Curtains Up -

As counterintuitive as it might sound, the more digitized and interconnected people get, the more they seem to appreciate the handiwork of Dan McCleary and the fellow live theater proponents who work with him.

9. Wal-Mart's Website to Personalize Shopping -

NEW YORK (AP) – Wal-Mart, in its latest bid to compete with nemesis Amazon.com, is rebuilding its website to further personalize the online shopping experience of each customer.

10. Knowledge Tree Buys Cordova Retail Center -

8195 Dexter Road
Memphis, TN 38016
Sale Amount: $1.3 million

Sale Date: July 8, 2014
Buyer: K Tree LLC
Seller: 8195 Dexter Road LLC
Loan Amount: $1.5 million
Loan Date: July 11, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of the Knowledge Tree learning center has paid $1.5 million for the 28,575-square-foot shopping center at 8195 Dexter Road in Cordova.

11. Eastgate Set for Possible Makeover -

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

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

12. Dallas Company Buys Macon Road Center -

6100 Macon Road
Memphis, TN 38134
Sale Amount: $1.2 million

Sale Date: March 26, 2014
Buyer: PNL Cumberland LLC
Seller: Flagstar Bank FSB
Loan Amount: $862,500
Loan Date: April 1, 2014
Maturity Date: N/A
Lender: Pinnacle Bank
Details: An affiliate of Dallas-based The PNL Cos. has paid $1.2 million for the 30,000-square-foot shopping center at 6100 Macon Road in Northeast Memphis.

13. Hillview Village Apartments Sell for $5.9 Million -

2051 E. Alcy Road
Memphis, TN 38114
Sale Amount: $5.9 million

Sale Date: March 27, 2014
Buyer: 2013 Hillview LP
Seller: Alcy Partners LP
Details: The 265-unit Hillview Village Apartments at 2051 E. Alcy Road in the Defense Depot neighborhood have sold for $5.9 million.

14. Low-Wage Jobs Unexpectedly a Way of Life for Many -

WASHINGTON (AP) – For years, many Americans followed a simple career path: Land an entry-level job. Accept a modest wage. Gain skills. Leave eventually for a better-paying job.

The workers benefited, and so did lower-wage retailers such as Wal-Mart: When its staffers left for better-paying jobs, they could spend more at its stores. And the U.S. economy gained, too, because more consumer spending fueled growth.

15. Pets Get the Hollywood Treatment at Growing Chain -

Shawn McGhee grew up on a farm in Southern California with sheep and cattle and “a dozen dogs, a dozen cats, running loose.”

16. Staples to Close 225 Stores as Sales Move Online -

Staples has become the second major chain to announce the mass closing of stores this week, providing the latest evidence of how the retail landscape is being remade by shifts in American shopping habits.

17. Reedy Thriving As Housing Investments Skyrocket -

Jim Reedy began selling real estate in 1976 while he was a student at the University of Memphis, and within three years, he moved into selling investment properties.

18. Commission Sets Up in Temporary Space -

Shelby County Commissioners will serve out the remaining seven months of their current four-year term of office by staying upstairs at the county administration building in their committee room.

The Monday, Feb. 10, commission meeting was the first in the expanded committee room as the ground floor chambers where the commission normally holds its twice-monthly voting meetings is renovated.

19. Germantown Planning Commission OKs Plan for Whole Foods -

Developers on Tuesday, Jan. 7, cleared a key regulatory hurdle for a planned Whole Foods Market store in Germantown.

Before a packed house, the Germantown Planning Commission voted to approve a revamped plan for a new Whole Foods store at the southeast corner of the intersection of Poplar Avenue and Pete Mitchell Road, on the eastern edge of Germantown’s Central Business District.

20. Hot-Button Issue -

When the Economic Development Growth Engine of Memphis and Shelby County was formed in 2011, president and CEO Reid Dulberger knew it would take the organization a little time to gain its footing.

At first, EDGE did not have its own staff or its own office, and it lacked financial and operational control of several key component parts, such as the Port of Memphis and Shelby County and the Depot Area Development Corp.

21. Whole Foods Delays Germantown Store Request -

The development team behind a proposed Whole Foods store in Germantown has withdrawn its application from the Germantown Planning Commission’s Tuesday, Dec. 3, agenda and will return next month.

22. Traffic Concerns Delay Germantown Whole Foods -

The development team behind a proposed Whole Foods store in Germantown is going back to the drawing board after some neighbors expressed concerns about the project, particularly over traffic.

The development team withdrew its application from the Germantown Planning Commission’s Tuesday, Dec. 3, agenda and will return next month. After that, the development team would need approval from Germantown’s Board of Mayor and Aldermen.

23. Whole Foods Delays Germantown Store Request -

The development team behind a proposed Whole Foods store in Germantown has withdrawn its application from the Germantown Planning Commission’s Tuesday, Dec. 3, agenda and will return next month.

24. Office Depot, OfficeMax Get FTC Clearance for Deal -

The proposed merger of Office Depot and OfficeMax has received clearance from the Federal Trade Commission, removing a key regulatory hurdle from the process.

The office supply companies agreed to a $1.2 billion combination in February. The agency said its 7-month investigation showed that the combination isn’t likely to cause competitive harm. The companies said Friday that they expect the transaction to close on Tuesday.

25. New in Rural Tennessee: Discovery Park of America -

UNION CITY, Tenn. (AP) – The gleaming white building with curved exteriors and a spaceship-like tower emerges from the flat landscape of West Tennessee like something out of science fiction, but it's not a villain's lair or superhero's headquarters.

26. Whole Foods Eyes Germantown Site -

Whole Foods Market and local development firm Cypress Realty Holdings Co. are targeting the Poplar Avenue corridor in Germantown for the Memphis area’s second Whole Foods store.

27. Meyers Returns to Roots at Glankler Brown -

Robert Meyers has joined Glankler Brown PLLC as a member, and it isn’t his first time around this block. He worked for the firm as a newly licensed attorney right out of law school.

28. Room Service -

Hilton Worldwide celebrates its second Global Week of Service this week, and more than 700 Hilton employees are working locally on community involvement projects, such as this year’s signature event at the Pilgrim’s Rest housing facility, 747 Court Ave.

29. Nike Files $4.3 Million Permit for Frayser Facility -

3100 New Frayser Blvd.
Memphis, TN 38128
Permit Cost: $4.3 million

Project Cost: $301 million
Permit Date: Applied September 2013
Completion: TBA
Owner: Nike Inc.
Tenant: Nike Inc.
Architect: N/A
Contractor: Wynright Corp.
Details: Nike Inc. has filed a $4.3 million building permit with the city-county Office of Construction Code Enforcement for work on its North Memphis distribution center at 3100 New Frayser Blvd.

30. Commission Reappoints Bright as EDGE Chairman -

Shelby County Commissioners on Monday, Sept. 9, approved the reappointment of Al Bright as the chairman of the city-county Economic Development Growth Engine board.

But Commissioner Mike Ritz directed the county attorney’s office to begin drafting a resolution he intends to propose that would block future approval of appointments to the EDGE board until the city of Memphis pays its part of financing both local governments pledged to fund the work of the economic development agency.

31. Business License Filings Fall 8 Percent in Second Quarter -

The number of business licenses filed with the Shelby County Clerk’s office slumped 7.7 percent to 1,290 in the second quarter, compared with 1,397 in the second quarter of 2012, according to The Daily News Online, www.memphisdailynews.com.

32. ‘Back to Life’ -

Memphis resident Geraldine Harris has been shopping at the Habitat for Humanity of Greater Memphis ReStore since it opened two years ago, finding discount prices and unique items she couldn’t locate anywhere else.

33. Whole Foods Files Permit for Expansion -

5014 Poplar Ave. Memphis, TN 38117

Permit Cost: $3.1 million

Project Cost: TBA

Permit Date: Applied April 2013

34. Whole Foods Files Permit for Expansion -

Austin, Texas-based Whole Foods Market Inc. has filed a $3.1 million building permit application with the city-county Office of Construction Code Enforcement to renovate its lone local store on Poplar Avenue in East Memphis.

35. International Paper Takes on Forest Protection -

International Paper Co. and a forest conservation group announced a plan Wednesday to protect endangered forests in key paper-producing areas of the South.

36. International Paper Takes on Forest Protection -

International Paper Co. and a forest conservation group announced a plan Wednesday to protect endangered forests in key paper-producing areas of the South.

37. Office Depot Agrees to Buy OfficeMax in Stock Deal -

NEW YORK (AP) – Office Depot and OfficeMax are being collated.

The retailers said Wednesday they have agreed to combine in an all-stock deal worth about $1.2 billion that would transform the office-supply retail sector by helping the No. 2 and No. 3 chains compete against industry behemoth Staples.

38. Work Under Way at Cordova Safety Products -

FTN Financial Capital Markets, a divisioRenovation plans are moving forward for Memphis-based Cordova Safety Products’ new digs at 4025 Viscount Ave.

39. Work Under Way at Cordova Safety Products -

Renovation plans are moving forward for Memphis-based Cordova Safety Products’ new digs at 4025 Viscount Ave.

40. Book Depot Owner Maintains Familiar Place for Bibliophiles -

When customers walk into The Book Depot in Germantown, they often comment on the smell, says owner Kathy Waldrop.

41. Quince Fred’s Super Dollar Sells for $2.1 Million -

6500 Quince Road, Memphis, TN 38119

Sale Amount: $2.1 million

Sale Date: Jan. 18, 2013

42. Office Depot Relocates Poplar Avenue Store -

Office Depot opened its new Poplar Avenue store Monday, Dec. 17.

The Delray Beach, Fla.-based office products company relocated its East Memphis store from 5014 Poplar Ave. next to Whole Foods to 5510 Poplar Ave. near Yates Road. Office Depot took 18,666 square feet of the 22,000-square-foot space vacated by Samuel’s last year. The balance was filled by Hollywood Feed.

43. Office Depot Relocates Poplar Avenue Store -

Office Depot opened its new Poplar Avenue store Monday, Dec. 17.

The Delray Beach, Fla.-based office products company relocated its East Memphis store from 5014 Poplar Ave. next to Whole Foods to 5510 Poplar Ave. near Yates Road. Office Depot took 18,666 square feet of the 22,000-square-foot space vacated by Samuel’s last year. The balance was filled by Hollywood Feed.

44. Willow Oaks Apartments Sell for $1.5 Million -

2429 Ketchum Road Memphis, TN 38114

Sale Amount: $1.5 million

Sale Date: Nov. 2, 2012

45. Storm Leads Companies to Postpone Earnings Reports -

NEW YORK (AP) – A number of major U.S. companies postponed quarterly earnings reports scheduled for Monday and Tuesday, as Hurricane Sandy barreled into the East Coast and caused the first unplanned shutdown of financial markets since 2001.

46. Levine Named President of Southern Growth Studio -

Mark Levine has joined Southern Growth Studio as president. In his role, Levine leads the firm’s Strategic Analysis team and plays a key part in the company’s culture, business development and client relationship management.

47. MED Files $1.3 Million Permit for Improvements -

877 Jefferson Ave. Memphis, TN 38104

Permit Cost: $1.3 million

Project Cost: TBA

48. McDonald’s Buys Lamar Retail Center for $850,000 -

2342 Lamar Ave.
Memphis, TN 38114

Sale Amount: $850,000

Sale Date: Aug. 17, 2012

49. Praxair Files $2M Permit App for Pidgeon Park Site Work -

3587 Paul R. Lowry Road
Memphis, TN 38109
Permit Cost: $2 million

Permit Date: Applied June 2012
Owner: Praxair Inc.
Tenant: Praxair Inc.
Contractor: W.G. Yates & Sons Construction Co.
Details: Praxair Inc., an industrial gases company that operates an air separation complex in Frank C. Pidgeon Industrial Park, has filed a $2 million building permit application to lay a foundation at its facility, 3587 Paul. R. Lowry Road.

50. Poplar Transformation -

Two big retail deals have recently been inked on the Poplar Avenue corridor, soon filling empty spaces on the city’s busiest street.

A new Family Dollar is going in the old Stringer’s Garden Center site at 2974 Poplar, while Office Depot and Hollywood Feed are going in the former Samuel’s Furniture space at 5502-5510 Poplar, near South Yates Road.

51. Hillwood Buys Pilot Drive Warehouse -

Hillwood Investment Properties has purchased the 605,000-square-foot warehouse at 4221 Pilot Drive in Southeast Memphis for $7.5 million from Addison, Texas-based MM Industrial Memphis LLC.

52. Essex Signs Two Leases For Discount Store Locales -

A Nashville-based discount retailer has entered the Memphis market in full force, inking two leases totaling 77,301 square feet.

Essex Bargain Hunt has leased 35,767 square feet at 590 N. Germantown Parkway and 41,534 square feet at 5124 Summer Ave. Kemp Conrad and Neely Mallory IV of Cushman & Wakefield/Commercial Advisors LLC represented the tenant in both transactions.

53. Tax Hike At Center Of Budget Debate -

Even as he made his case for a 47-cent property tax hike Tuesday, April 17, Memphis Mayor A C Wharton Jr. outlined alternatives to the full tax hike.

“This is a product in progress,” he said after his annual budget address.

54. Wharton Budget Plan Includes Alternatives To 47 Cent Tax Hike -

Memphis Mayor A C Wharton Jr. took a $628.3 million city operating budget proposal Tuesday, April 17 to the Memphis City Council with a 47-cent property tax hike proposed to meet the city’s obligation to fund Memphis City Schools.

55. Memphis Advantage -

As the industrial market approaches the end of the first quarter, a handful of deals have local brokers encouraged that the city’s bread-and-butter sector is poised for recovery.

Recent notable industrial leasing transactions – all of which occurred in Class A bulk warehouses – include Trane U.S. Inc.’s 625,000-square-foot lease in Chickasaw Distribution Center; Kimberly Clark Corp.’s 556,000-square-foot lease in Airways Distribution Center; and Impact Innovations’ 275,000-square-foot space at Southridge Corporate Park.

56. Cherokee Arms Undergoes Rehab -

It wasn’t long ago that the Cherokee Arms Apartments complex in Midtown was on the market with a note of “in need of repair.”

But thanks to Memphis native and current Los Angeles resident Dana Gabrion, the three-story complex will soon breathe new life to 1508 Madison Ave. Under the entity Gabrion Properties LLC, she acquired the 30-unit, Class C investment-grade multifamily building for $455,000 in fall 2010 and hopes to have it ready for occupancy come June.

57. Safety Products Importer Seeks Tax Freeze -

International Sourcing Co. Inc., an importer and wholesale distributor of safety products to industrial distributors and retailers, will go before the city-county Economic Development Growth Engine Board this week to request a five-year tax freeze.

58. Former Cleo Site Sells For $2.6M -

A Memphis-based buyer has bought more than 1 million square feet formerly occupied by Cleo Inc. gift-wrapping company in Airport Industrial Park Section A for less than two-thirds of the listing price.

59. CRE Outlook Remains Mixed -

A sophomore at the University of Memphis could open up an economics book and explain how the United States got to its current state through the laws of demand, diminishing returns and comparative advantage.

60. CRE Outlook Remains Mixed -

A sophomore at the University of Memphis could open up an economics book and explain how the United States got to its current state through the laws of demand, diminishing returns and comparative advantage.

61. Grinding it Out -

After most recessions, real estate bounces back.

But the Great Recession has been notably different – long, deep and very prolonged.

That’s the message Dr. John Gnuschke, director of the Sparks Bureau of Business and Economic Research and co-director of the Center for Real Estate at the University of Memphis, delivered in December at the Urban Land Institute’s Real Estate Outlook for the Mid-South.

62. Design 500 Finds Passion Preparing Museum Exhibits -

Scott Blake’s home office in a historic building at 671 Jefferson Ave. is clearly the abode of a man with a deep love of art, history and design.

63. Prolonged Recession -

In the words of Phil Woodard, an owner of multiple residential and commercial properties in Downtown Memphis, breaking even is the new profit.

Or as national real estate expert Jonathan Miller said earlier this month at the Urban Land Institute’s Real Estate Outlook for the Mid-South, “We cannot expect to make money the way we did a few years ago.”

64. Depot Biz Park Changes Direction -

From Army supply base to base of operations, the new owners of the Memphis Depot Business Park hope to position their revitalized 260-acre site in South Memphis on real estate brokers’ radar screen as a solution for industrial needs.

65. Seeing Success -

On the surface, they don’t have much in common other than their home turf. They include everything from a venerable law firm, prominent regional investment companies, tech firms and even a business that manufactures food products like hot dogs and sandwich meats.

66. Defense Depot Property Sells for $1.1 Million -

2085 W.E. Freeman Drive
Memphis, TN 38114
Sale Amount: $1.1 million

Sale Date: Sept. 14, 2011

Buyer: Varma Family LP

67. Address Unknown -

For anyone in Memphis – and across Tennessee – who uses the U.S. Postal Service to send and receive bills, to get things like newspaper subscriptions by mail and DVDs from Netflix or just to write an old-fashioned letter on paper, things are about to change.

68. Retail Association Spent $770,000 Lobbying in Q2 -

WASHINGTON (AP) – The Retail Industry Leaders Association spent $770,000 in the second quarter to lobby the federal government on a variety of issues including consumer payment protection, Chinese currency valuation and other matters, according to a recent disclosure report.

69. Owners, Brokers Work Harder To Seal Deals -

Whether it’s a new lease or a renewal, industrial and office deal cycles are taking more time than normal due to fear, indecisiveness, doubt and a higher level of scrutiny in the negotiating process.

70. JLS Enterprises Buys SE Market Warehouse -

A 51,000-square-foot industrial building in the Southeast submarket has traded hands. JLS Enterprises LLC purchased 4021 Delp St. in Airport Industrial Park for $850,000. The warehouse currently houses Coca-Cola Enterprises Inc. and is 100 percent occupied.

71. EDGE Board Holds Inaugural Meeting -

The new Economic Development Growth Engine approved its existence Wednesday, Aug. 17, while also addressing some confusing technicalities.

“The president is selected by both mayors – this seems cumbersome,” former Shelby County Commissioner and EDGE director Deidre Malone said at the organization’s inaugural meeting at City Hall. “Having worked in the private sector and for an organization with a similar structure, I think it’s very interesting.”

72. New Economic Development Board Gets Started -

The new Economic Development Growth Engine approved its existence Wednesday, Aug. 17, while also addressing some confusing technicalities.

“The president is selected by both mayors – this seems cumbersome,” former Shelby County Commissioner and EDGE director Deidre Malone said at the organization’s inaugural meeting at City Hall. “Having worked in the private sector and for an organization with a similar structure, I think it’s very interesting.”

73. Plans Move Ahead For Cordova Staples -

1.7 acres in
Galleria of Memphis
Sale Amount: $850,000

Sale Date: July 26, 2011

Buyer: TN Cordova Germantown LLC

74. Back to School -

Back-to-school shoppers will spend about the same dollar amount this year as last year, but they plan to wait until the 11th hour to do it.

Families with children in grades K-12 will spend this year an average of $603.63 on apparel, school supplies and electronics, according to the National Retail Federation’s 2011 Back-to-School survey. That’s within just a few dollars of last year’s $606.40 average.

75. Plans Move Forward for Cordova Staples -

Plans for a Staples office-supply store in Cordova are moving forward.

Greenville, S.C.-based TN Cordova Germantown LLC has bought a 1.7-acre parcel in The Galleria of Memphis Planned Development, phase IV, from Kohl’s Department Stores Inc. for $850,000. The site is part of an 11.5-acre site at the northwest corner of North Germantown Parkway and Market Place that currently houses an 88,840-square-foot Kohl’s department store.

76. Retail Trade Group Spends $490,000 in Q1 Lobbying -

WASHINGTON (AP) – The Retail Industry Leaders Association spent $490,000 in the first quarter to lobby the federal government on a variety of issues from unemployment insurance and consumer credit to banking reform and Chinese currency valuation, according to a recent disclosure report.

77. Lynnfield Place Apartments Sell for $22.4 Million -

1400 Lynnfield Road
Memphis, TN 38119
Sale Amount: $22.4 million

Sale Date: June 14, 2011
Buyer: Lynnfield Holdings LLC
Seller: Lynnfield Place Tennessee LLC
Details: Lynnfield Place Apartments, on the east side of Lynnfield Road about halfway between Park Avenue to the north and Quince Road to the south, has sold for $22.4 million.

78. Hacks Cross Center Sells For $1 Million -

A shopping center in the Southeast submarket has traded hands. AAK Ventures LLC acquired the 10,500-square-foot Players Crossing Retail Center, 3285 Hacks Cross Road, from BancorpSouth for $1 million.

79. Econ Development Tops List For Arlington Candidates -

The town of Arlington has a four-way race for mayor. The pack is running in a wide open race as incumbent Mayor Russell Wiseman has decided not to seek a third term after eight years in office.

80. Blank Palette -

When best-selling author Richard Florida visited Memphis recently, he spelled out to a room full of artists the formula for building a city’s creative class – attract, retain and engage talent.

81. Land Use Control Board Approves Cordova Staples -

The Memphis-Shelby County Land Use Control Board has granted site plan approval for a new Staples Inc. store in the Galleria of Memphis, on the north side of Market Plaza, adjacent to Kohl’s in the 130-acre retail development at Interstate 40 and North Germantown Parkway.

82. Brand Strategy -

It was two years ago at a Five Guys Burgers and Fries franchisee conference when license rights to Memphis were up for grabs.

Mark Moseley, director of franchising for the Lorton, Va.-based burger chain and friend of FedEx Corp. founder Fred Smith, approached Alabama franchisee Seth Hargett about putting together a package and asked him if he wanted Memphis.

83. CRE Sales Up, Outlook Still Dour -

February’s mixed bag of commercial real estate sales serve as evidence of the sluggish speculative market, which doesn’t appear to be staging a comeback in the foreseeable future.

Shelby County saw 48 CRE sales last month, a 41 percent increase from 34 sales in February 2010, but also a 16 percent decrease from 57 in January, according to the latest information from real estate information company Chandler Reports, www.chandlerreports.com.

84. Staples to Build First Memphis Location -

The world’s largest office products company will soon enter the Memphis market.

Framingham, Mass.-based Staples Inc. has signed a 17,945-square-foot lease at Ridgeway Trace, the shopping center at Poplar Avenue and Interstate 240 developed by Houston-based Weingarten Realty Investors.

85. City, County Seek to Create Economic ‘EDGE’ -

Memphis and Shelby County’s two mayors have talked for months about finding a way to give their joint business recruitment and retention efforts an edge.

Fittingly, that’s what they’re calling a proposed umbrella group they want to establish to streamline and bring together in one place the related economic development work now spread over several existing agencies.

86. EDGE To Be New Economic Development Engine For City-County -

Memphis and Shelby County's two mayors have talked for months about finding a way to give their joint business recruitment and retention efforts an edge.

Fittingly, that's what they're calling a proposed umbrella group they want to establish to streamline and bring together in one place the related economic development work now spread over several existing agencies.

87. Office Depot Chairman and CEO Odland Resigning -

BOCA RATON, Fla. (AP) – Office Depot Inc.'s Chairman and CEO Steve Odland is stepping down as the office supplier struggles to turn its business around in the face of tough competition.

88. Citi Selling $1.6B Consumer Finance Assets to GE -

NEW YORK (AP) – Citigroup is selling $1.6 billion in retail sales finance assets to GE Capital as the bank continues to restructure its business to focus on core consumer banking operations.

89. Cash Cow -

Take a drive down the stretch of Summer Avenue between Mendenhall and White Station roads and it’s hard not to notice the abundance of one particular type of business.

There are eight title loan/check cashing businesses – Annie’s Cash Advance, Title Max, ACE Cash Express, Family Check Advance, Check Into Cash, Neighborhood Title Loans, Cash Depot and Mid-South Title Loans – located on a section of road that spans less than a half mile. Phone book and Internet searches show more than 300 of these businesses exist in the Memphis area.

90. Methodist Le Bonheur Healthcare Buys Sutherland Cardiology Clinic -

7460 Wolf River Blvd.
Germantown, TN 38138
Sale Amount: $13.3 Million

Sale Date: July 1, 2010
Buyer: Methodist Healthcare-Memphis Hospitals
Seller: The Sutherland Cardiology Clinic Rental Co. LLC

91. Realizing Dreams -

William Adair’s quad-cab, four-wheel-drive pickup truck is splattered with mud. The office where he parks it out back, a converted country home at the corner of Tenn. 196 and U.S. 72, is littered with maps.

92. Downtown Medical District Seeks Connection -

The new Le Bonheur Children’s Hospital has embraced the effort to inter-connect the Downtown medical district with a cohesive streetscape, common signage and pedestrian-friendly environment.

It is the starting point for an effort to better link the hospitals, educational institutions and other anchors of the Memphis Medical Center. The University of Tennessee Health Science Center is also exploring ways to better connect with the district.

93. Lightman Files Loan To Build Toys ‘R’ Us -

Michael A. Lightman Sr. has filed a $6 million construction loan through SunTrust Bank to build a 47,000-square-foot Toys ‘R’ Us on the west side of the Centennial Commons retail development at Tenn. 385 and Winchester Road.

94. Postal Service's Emerging Model: Never on Saturday -

WASHINGTON (AP) - The post office is renewing its effort to drop Saturday delivery – and plans a rate increase – in an effort to fend off a projected $7 billion loss this year.

Without drastic action, the agency could face a cumulative loss of $238 billion over ten years, Postmaster General John Potter said in releasing a series of consultant reports on agency operations and its outlook.

95. Lightman Files Permit For Centennial Center -

Michael Lightman Realty LLC has filed a $1 million permit application with the city-county Office of Construction Code Enforcement to build the shell of an 18,000-square-foot retail center called the Shoppes of Centennial.

96. Spring Hill GM Plant is Idled -

SPRING HILL, Tenn. (AP) - At its peak, about 7,800 people clocked in daily for work at the Saturn plant.

"Now we're down to 630 people," said Darren Tonoli, a General Motors employee of nearly three decades.

97. Q3 Biz Permit Dip Not as Steep -

Recession casualties in the business sector could be easing, according to the most recent numbers for privilege licenses in the greater Memphis area.

The number of business permits issued during the third quarter slipped by 2.8 percent from the same period a year ago, according to The Daily News Online, www.memphisdailynews.com. That compares to an 8.8 percent drop in the second quarter.

98. Foreclosure Set for Lots In The Market at Riverdale Bend -

A first-run foreclosure notice appears on Page 32 of today’s edition of The Daily News and at The Daily News Online, www.memphisdailynews.com, for three parcels in The Market at Riverdale Bend.

99. Office Depot Slated For Centennial Commons -

Michael Lightman Realty Co. has filed an $800,000 permit application with the city-county Office of Construction Code Enforcement to build an Office Depot store at 7726 Polo Grounds Blvd. in the Centennial Commons retail center.

100. ConGlobal Files Loan On Westwood Facilities -

ConGlobal Industries Inc. has filed a $5.8 million deed of trust, assignment of leases and rents, security agreement, financing statement and fixture filing through Regions Bank on its facilities at 1658 and 1684 Florida St. in Westwood. The loan was dated Sept. 4. Local executives were not available for comment on the transaction.