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Editorial Results (free)

1. Google Shareholders Revel in Record 1-Day Windfall of $65.1 Billion -

SAN FRANCISCO (AP) – Google's stock roared out of a long slumber Friday to produce the biggest shareholder windfall in U.S. history as investors rewarded the Internet company for promising to curb its spending on risky projects.

2. Resurrection Health Expands With Whitehaven Clinic -

A faith-based, evangelical health service organization that’s only halfway through its first year of existence has opened a second clinic to help support its mission of addressing health care disparities in Memphis.

3. Wonder Bread Bakery Under Contract -

The former Wonder Bread bakery at 400 Monroe Ave. could soon have a new owner.

The bakery, idled by a labor strike before being sold in 2013, is under contract to a potential buyer, according to a commercial real estate broker.

4. 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

5. Hops Growers Rush To Meet Rising Demand From Craft Brewers -

MOXEE, Wash. (AP) – These are good times for growers like Ben St. Mary. He stood at his family's farm in Washington state recently and watched as employees built trellises where a new field of hops, the key ingredient in the flavoring of beer, will grow.

6. Old Dominick Distillery Moving Forward -

D. Canale & Co. is moving forward with plans to build a $5 million distillery on Front Street Downtown.

7. Old Dominick Distillery Moving Forward -

D. Canale & Co. is moving forward with plans to build a $5 million distillery on Front Street Downtown.

8. MAA Outgrowing Its East Memphis Headquarters -

MAA has tapped Cushman & Wakefield/Commercial Advisors to explore its long-term corporate office needs.

The apartment-focused real estate investment trust says internal growth and the 2013 acquisition of Colonial Properties Trust means space at its East Memphis headquarters is getting tight.

9. Plans for Old Dominick Distillery Move Forward -

D. Canale & Co. is moving forward with plans to build a $5 million distillery on Front Street Downtown.

10. FedEx Boosts Dividend by 25 Percent -

FedEx Corp. is increasing its quarterly dividend by 25 percent as it inches closer to completing a deal that would make it one of the largest international package deliverers in Europe.

11. Making the Connection -

Archie Willis III had just earned his master’s degree in business at the University of North Carolina at Chapel Hill when he returned to Memphis in 1981 to help his father, A.W. Willis Jr., redevelop the Adler Hotel Annex.

12. Tesla Motors Co-Founder Wants to Electrify Commercial Trucks -

SAN JOSE, Calif. (AP) – Twelve years ago, Ian Wright and some fellow engineers launched Tesla Motors, a Silicon Valley company that has helped jumpstart the market for electric cars.

13. Salomon Joins Harkavy Shainberg -

Jason D. Salomon, one of the 25 lawyers in Tennessee certified as an estate planning specialist, has joined Harkavy Shainberg Kaplan & Dunstan PLC as a member of the firm.
Salomon focuses his practice primarily in the areas of estate planning, trust implementation and probate administration. He also addresses issues regarding disability planning, elder law, nonprofits and small-business succession.

14. 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

15. TruGreen Inches Closer to New Memphis Headquarters -

TruGreen will move its 300 Memphis-area employees to a new corporate headquarters by the end of 2015, a move that will solidify the company’s spot in the Memphis business landscape.

“We are very close,” said Amy Simpson, spokesperson for TruGreen, adding that the company has “narrowed it down to a few places.”

16. Proveaux’s Fuel Cafe Brand Covers Multiple Platforms -

When Erik Proveaux opened Fuel Café, it was because he wanted to set up roots after traveling the country for years doing film production catering. Five years later those roots have spread, and now he operates a multimodal brand that covers the restaurant, catering, food truck and small-batch production industries.

17. Shelby County Commercial Sales Revenue Surges in First Quarter -

The number of commercial sales in Shelby County dipped in the first quarter when compared to last year but the average sale amount and total sales revenue surged ahead of 2014 levels, according to real estate information company Chandler Reports.

18. Midtown Momentum -

Kroger Co., buoyed by the Crosstown Concourse development and increased investment in Midtown as a whole, has purchased properties associated with the long-dormant Washington Bottoms project at Poplar Avenue and Cleveland Street.

19. Mobile Merchants Gets Retailers, Chefs Rolling -

Barry Lichterman and Blake Lichterman own a small fleet of retail and food trucks, but you won’t see their name on any of the vehicles.

20. Wal-Mart Moves Forward With New Supercenter -

6790 Raleigh Lagrange Road
Memphis, TN 38134
Permit Amount: $600,000

Permit Application Date: April 2015
Owner: Wal-Mart Stores Inc.
Tenant: Wal-Mart Stores Inc.
Architect: Carlos Perez
Details: Wal-Mart Stores Inc. is moving forward with plans for a new supercenter near Interstate 40 and Whitten Road.

21. 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.

22. 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.

23. 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.

24. 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.

25. Caesars Seeks to Demolish Part of Former Harrah's in Tunica -

JACKSON, Miss. (AP) – A division of Caesars Entertainment Corp. is asking a federal bankruptcy judge for permission to "dismantle and liquidate" part of its shuttered Harrah's casino complex in Mississippi's Tunica County.

26. Midtown Warehouses Fetch $1.2 Million -

Two Midtown warehouses have been sold for $1.2 million.

A group operating as BBC LLC bought the warehouses at 324 and 340 S. Hollywood Street, located on the east side of Hollywood just south of Milton Avenue near Liberty Bowl Memorial Stadium, from Hollywood Partners, according to Feb. 25 warranty deeds.

27. Midtown Warehouses Fetch $1.2 Million -

Two Midtown warehouses have been sold for $1.2 million.

A group operating as BBC LLC bought the warehouses at 324 and 340 S. Hollywood Street, located on the east side of Hollywood just south of Milton Avenue near Liberty Bowl Memorial Stadium, from Hollywood Partners, according to Feb. 25 warranty deeds.

28. Brewery Developers Buy Site for New Apartment Building -

11 Butler Ave.
Memphis, TN 38103
Sale Amount: $1.25 million

Sale Date: Feb. 23, 2015
Buyer: 495 Tennessee LLC
Seller: BCH Investments LLC
Details: The team behind the development of the historic Tennessee Brewery has acquired a key piece of property adjacent to the long-vacant structure as plans for the new Tennessee Brewery: The Revival series of events there move forward.

29. Flexing Its Muscles, LA Fitness Eyes Third Store -

LA Fitness is eyeing a property in the heart of East Memphis for its third Memphis-area location.

The California-based fitness center chain is considering opening its third store in the Memphis market at 1285 Ridgeway Road, according to sources.

30. County Home Sales Dip in January -

Fewer homes were sold in Shelby County in January when compared to last year, but pricing remained strong.

There were 1,018 homes sold in Shelby County in January, down 7.5 percent from 1,100 sales in January 2014, according to real estate information company Chandler Reports, www.chandlerreports.com.

31. Developer Charlie Ryan Focusing on Central-Cooper Intersection -

765 Tanglewood St.
Memphis TN 38104
Sale Amount: $27,000

Sale Date: Feb. 9, 2015
Buyer: Charles S. “Charlie” Ryan
Seller: Cowles Development Company LLC
Details: Developer Charles S. “Charlie” Ryan has acquired a key piece of Midtown property.

32. Napa Auto Parts Store Sells for $1.4 Million -

A Hickory Hill auto parts store has been sold for $1.4 million.

California-based El El Sea LLC, operating in care of Atlanta-based Genuine parts Co., acquired the Napa Auto Parts store at 3505 Ridgeway Road from GP Memphis TN Landlord LLC, according to a Feb. 3 warranty deed.

33. High Flyer -

She does not want to tell this first story, the one that could have meant there would be no more stories. There is fear in sharing the story about how two airplanes nearly collided because she never wants to say anything that might dissuade people from flying.

34. Hickory Hill Napa Auto Parts Store Sells for $1.4 Million -

A Hickory Hill auto parts store has been sold for $1.4 million.

California-based El El Sea LLC, operating in care of Atlanta-based Genuine parts Co., acquired the Napa Auto Parts store at 3505 Ridgeway Road from GP Memphis TN Landlord LLC, according to a Feb. 3 warranty deed.

35. Maines Paper & Food Service Continues Work in Arlington -

11420 Gulf Stream Road
Memphis, TN 38002
Permit Amount: $2.5 million

Permit Application Date: February 2015
Owner: W D Arlington LLC
Tenant: Maines Paper & Food Service
Details: More new construction is planned at the Maines Paper & Food Service cold-storage facility in Arlington.

36. UAM's Keri Wright to Keynote Women & Business Seminar -

At age 18, she had her flight instructor’s certification. By 23, she was a corporate vice president and by 25 a chief operating officer.

Now 32, Keri Wright is chairman and CEO of Universal Asset Management, which buys, sells, leases, manages, disassembles and recycles a variety of commercial aviation assets from all over the world.

37. Word of Mouth Still Crucial for Adding Sales -

Building the customer base of a small business is not the same challenge it was 10 years ago. As digital content grows and it becomes more affordable to access, business owners are competing with more voices to be heard by potential customers.

38. Shelby Farms Conservancy Seeks $7.2 Million in Permits -

6093 N Patriot Lake Blvd.
415 E. Patriot Lake Blvd.
Memphis, TN 38118
Permit Amount: $7.2 million

39. Drowning in Student Loan Debt -

Three-and-a-half years after graduating from the University of Tennessee-Knoxville, Yasameen Hoffman is still trying to land the kind of full-time job that will help her start paying off her student loan.

40. Woodstock High School Plans Change -

Last year when Shelby County Schools leaders began planning to change attendance zones to reconfigure student assignments to take into account the demerger of public education in Shelby County, the plan for a new Woodstock High School drew cheers from parents in the northwest Shelby County area.

41. School Board Approves Settlement Over 2008 Funding Cut -

Nearly six years after it began, the Shelby County Schools system and the city of Memphis have settled their differences over the city council’s 2008 decision to cut funding to what was then the Memphis City Schools system.

42. Hitting the Accelerator -

Five years after the Great Recession rocked the nation and nearly destroyed auto manufacturing in Tennessee, the Midstate’s industry is booming again.

Nissan’s growth is no small part of that, largely because of the company’s confidence in the state of Tennessee and Gov. Bill Haslam, according to José Muñoz, executive vice president of Nissan Motor Co. and chairman of Nissan North America, which is headquartered in Franklin.

43. City, County Catch Late-Year Economic Development Surge -

Through September, things were looking somewhat bleak for Memphis and Shelby County on the economic development front.

At that point in the year the city and county were on pace to tie a record low for the number of payments-in-lieu-of-taxes, or PILOT, agreements granted to companies in a year. While granting fewer tax incentives could be viewed as good news because companies were more fiscally sound or confident about operating in Memphis and Shelby County, the lower level of activity represented a dip in the level of economic investment in the area.

44. Caesars Entertainment to Buy Affiliate -

LAS VEGAS (AP) – Caesars Entertainment Corporation says it will buy an affiliate as it tries to smooth the reorganization of a struggling division and balance its debt load.

45. Charter Operator AB Jets Soaring to New Heights -

David Turner began working for a local charter plane operation in 2000, but five years later Turner decided he needed a change of scenery and started flying for Memphis-based AB Jets.

46. Milhaus Acquires Highland Row Property -

44 S. Highland St.; 366, 374 and 380 Ellsworth St.
Memphis, TN 38111
Sale Amount: $4.3 million

47. These Retailers Could Use Some Holiday Cheer -

NEW YORK (AP) – The holiday shopping season is always a make-or-break period for struggling retailers.

But this year, the fight to grab shoppers has intensified, making it difficult for stores to use the season that accounts for about 20 percent of the retail industry's annual sales to bounce back.

48. Boyle Sees Opportunity in East Memphis -

Memphis-based Boyle Investment Co. hopes to break ground next year on a new office building at its Ridgeway Center complex near Poplar Avenue and Shady Grove Road, according to company officials.

49. Survival of the Fittest -

Back in 2010, as the video rental giant Blockbuster was circling the drain in the wake of its Chapter 11 bankruptcy filing, the irony was inescapable to Matt Martin.

Martin, co-owner of Black Lodge Video in Memphis, told a reporter for the Christian Science Monitor how Blockbuster employees “literally laughed in our faces” when the independent video rental shop first opened its doors.

50. Disney Expands Digital Movie Service to Android -

NEW YORK (AP) – The Walt Disney Co. is expanding its digital movies app that allows fans to watch movie purchases across devices to Android's Google Play.

51. Inclinator Remains Elusive at The Pyramid -

In the 23 years since The Pyramid was built and opened as an arena, some of the frustrations of developing the building for more than one use remain.

Its brief life as an arena now gone, The Pyramid is being converted to a Bass Pro Shops superstore with a hotel and other attractions inside, including restaurants and an aquarium at the top of the structure. There are also glass extensions at the top to view the city and the Mississippi River.

52. Bigger LIFT -

The former Cadence Bank branch on Court Avenue Downtown is the new and bigger home for Community LIFT, the local intermediary with community development corporations founded by a coalition of nonprofits and the city of Memphis four years ago.

53. The Horizon Sells to Mississippi Developer for $13.5 Million -

A Mississippi-based developer has acquired the uncompleted Horizon condominium tower overlooking the Mississippi River in Downtown.

Dawn Properties Inc. of Hattiesburg, which is primarily involved in the acquisition, development and management of multifamily properties, has purchased the 16-story, 155-unit tower for $13.5 million and plans on completing the luxury condominiums.

54. Commission’s First Partisan Challenge Lingers -

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

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

55. McNeill Seeks Permits for Germantown Medical Offices -

1432 Kimbrough Road and 1468 Kimbrough Road
Germantown, TN 38138
Project Cost: $2.6 million

56. McNeill Seeks Permits for Germantown Office Park -

A developer planning a mixed use development in Germantown has applied for two building permits for a medical office center.

McNeill Commercial Real Estate, operating as Wolf River Kimbrough Partnership, applied through the city-county Office of Construction Code Enforcement for two building permits totaling $2.4 million.

57. McNeill Seeks Permits for Germantown Office Park -

A developer planning a mixed use development in Germantown has applied for two building permits for a medical office center.

McNeill Commercial Real Estate, operating as Wolf River Kimbrough Partnership, applied through the city-county Office of Construction Code Enforcement for two building permits totaling $2.4 million.

58. Stonebridge Crossing Sells for $29.8 Million -

9135 Morning Ridge Road
Memphis, TN 38016
Sale Amount: $29.8 million

Sale Date: Sept. 11, 2014
Buyer: IRT Stonebridge Crossing Apartments Owner LLC
Seller: AB Merion Stonebridge LLC
Details: The 500-unit Stonebridge Crossing apartment complex in Cordova has traded hands.

59. Searching for Doctors -

So here’s the offer: lower salary – meaning it will take longer to pay down your student loan debt – less prestige, and perhaps even a questioning of your intelligence and skill.

In 2014, that’s what comes with the decision to become a primary care physician. Recently, a fourth-year medical student at the University of Pennsylvania, Mara Gordon, wrote an article for The Atlantic explaining her decision to become a primary care doctor.

60. Cummins Eyes Memphis Site for Expansion -

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

61. Terminix Launches International Push -

The former chief operating officer of Memphis-based Terminix is the new president of the company’s international division.

Larry Pruitt was one of two new appointments made Monday, Sept. 22, by Terminix, which is part of Memphis-based The ServiceMaster Co.

62. IP Names Mark Sutton Chairman and CEO -

Mark Sutton is the new chief executive officer and chairman of International Paper Co., named this week as the board of the Memphis-based company prepares for the retirement of current CEO and chairman John Faraci.

63. 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.

64. International Paper Names Mark Sutton Chairman and CEO -

Mark Sutton is the new chief executive officer and chairman of International Paper Co., named this week as the board of the Memphis-based company prepares for the retirement of current CEO and chairman John Faraci.

65. International Paper Names Mark Sutton Chairman and CEO -

Mark Sutton is the new chief executive officer and chairman of International Paper Co., named this week as the board of the Memphis-based company prepares for the retirement of current CEO and chairman John Faraci.

66. FedEx Decides Not to Renew a Renaissance Center Lease -

FedEx has decided not to renew a lease at a prominent East Memphis office building.

FedEx Services is not renewing a roughly 11,000-square-foot lease at the 189,644-square-foot Renaissance Center office building at 1715 Aaron Brenner Drive that expires Oct. 1. Employees affected by the decision will be moved to FedEx facilities, part of a broader consolidation and efficiency plan the company has been pursuing.

67. 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.

68. Indmar Marine Engines Files Expansion Permit -

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

69. Indmar Marine Engines Files Expansion Permit -

An affiliate of Indmar Marine Engines has filed a $2 million building permit with the city-county Office of Construction Code Enforcement to expand its 5400 Old Millington Road facility.

70. Airport Authority OKs Concourse Overhaul -

An ambitious effort to reconfigure Memphis International Airport for the future will get underway this fall, when demolition of portions of two concourses begins and a single concessions vendor takes control.

71. Dollar General Enters Bidding for Family Dollar -

NEW YORK (AP) – Dollar General isn't about to be left out in the cold. The discounter is starting a bidding war for Family Dollar with an approximately $8.95 billion offer as it attempts to trump a Dollar Tree bid.

72. 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

73. D. Canale Affiliate Buys Property for Distillery -

An affiliate of D. Canale & Co. has bought the Downtown property where it will develop a spirits distillery and public tasting room.

74. Grizzlies Promote Wexler to Business Operations President -

The Memphis Grizzlies have promoted Jason Wexler to president of business operations of the team and FedExForum.

The new position gives Wexler primary leadership responsibility for all aspects of the business, including ticket sales and service, arena operations, corporate partnerships, marketing communications and broadcast, community investment and general operations.

75. From Despair to Belief -

A July weekday afternoon, about 2:45. It’s the perfect time for just about anyone to be nodding off in class.

But in the basement of Midtown Church of Christ, where HopeWorks Inc. is housed, class is in session and a dozen men and their teacher are having a lively discussion.

76. Microsoft Cutting 18,000 Jobs, Signals New Path -

LOS ANGELES (AP) – Microsoft announced the biggest layoffs in its history Thursday, saying it will cut 18,000 jobs as it streamlines its Nokia mobile device business to focus on using the Windows Phone operating system.

77. D. Canale to Open Distillery, Public Tasting Facility -

Longtime Memphis food and beverage wholesaler D. Canale & Co. will develop a spirits distillery and public tasting room at 301 S. Front St. Downtown.

78. Addison at Collierville Owner Files $17 Million Loan -

400 Orchard Circle
Collierville, TN 38017
Loan Amount: $16.8 million

Loan Date: July 1, 2014
Maturity Date: July 1, 2021
Borrower: G&I VII Addison at Collierville LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 226-unit Addison at Collierville apartments at 400 Orchard Circle W. has filed a $16.8 million loan on the property.

79. Cypress Realty Files $7 Million Construction Loan -

Cypress Realty Holdings Co. has filed a $7 million construction loan for a medical office building on Wolf River Boulevard in Germantown.

80. ServiceMaster Begins Trading on NYSE -

The parent company of Memphis-based ServiceMaster Co. LLC began trading on the New York Stock Exchange Thursday, June 26, in an initial public offering of its common stock.

The move to the market comes a day after ServiceMaster Global Holdings Inc. announced it was pricing the offering of 35.9 million shares at $17 per share. The pricing was below analysts’ estimates of $18 to $21 per share.

81. Partners Drive Startup Ecosystem -

Building startups is tough work that requires the engagement of money, mentorship and professional support.

Back before there were incubators, accelerators and formal platforms to systematically assist startup companies, there were critical trusted advisers in the community to help guide entrepreneurs as they started up. Those advisers were local bankers, lawyers, marketers, accountants and others where entrepreneurs could turn for support and guidance. While new startup infrastructures have sprung up to provide knowledge, capital and other resources, professionals continue to be the backbone driving entrepreneurial growth.

82. Aren Investments Buys Winchester Haverty’s -

6870 Winchester Road
Memphis, TN 38115
Sale Amount: $1.1 million

Sale Date: June 2, 2014
Buyer: Aren Investments LLC
Seller: Kirsch Associates LP
Loan Amount: $850,000
Loan Date: June 2, 2014
Maturity Date: Nov. 15, 2015
Lender: BancorpSouth Bank
Details: Local real estate investment firm Aren Investments LLC has paid $1.1 million for the Haverty’s furniture store at 6870 Winchester Road in Hickory Hill.

83. International Paper Names Sutton President and COO -

Mark S. Sutton, the senior vice president of industrial packaging for International Paper Co., is the company’s new president and chief operating officer.

84. International Paper Names Sutton President and COO -

Mark S. Sutton, the senior vice president of industrial packaging for International Paper Co., is the company’s new president and chief operating officer.

85. New Path -

A lot has changed for Memphis-based TruGreen lawn care in the last six months.

The company behind one of the best known brands in lawn care became its own independent company at the start of 2014, spinning off from The ServiceMaster Co. in a move that meant changes for both companies.

86. Apple's Beats Buy is Two-Sided for Music Streaming -

LOS ANGELES (AP) – Apple's $3 billion purchase of Beats sheds light on a rarely recognized reality in the streaming music industry: It's hard to succeed in the business without offering other products and services.

87. ServiceMaster Reports Q1 Revenue Increase -

The ServiceMaster Co. LLC reported a 4 percent increase in revenues for the first quarter of 2014 compared to the same period a year ago.

88. ServiceMaster Reports First-Quarter Revenue Increase -

The ServiceMaster Co. LLC reported a 4 percent increase in revenues for the first quarter of 2014 compared to the same period a year ago.

89. Hedgemoor Square Sells for $3.6 Million -

375 N. Graham St.
Memphis, TN 38117
Sale Amount: $3.6 million

Sale Date: April 30, 2014
Buyer: Summit Hedgemoor Square Apartments LLC
Seller: Hedgemoor Square Apartments GP
Loan Amount: $2.7 million
Loan Date: April 30, 2014
Maturity Date: N/A
Lender: Pulaski Bank

90. Developer Buys Land for Germantown Whole Foods -

Cypress Realty Holdings Co. has paid close to $2.3 million for five Germantown residential parcels where it will build the area’s second Whole Foods.

91. International Paper Posts $95 Million First-Quarter Loss -

Memphis-based International Paper Co. showed a net loss of $95 million for the first quarter of 2014, the company reported Wednesday, April 30.

92. Ugwueke Named Methodist Le Bonheur President -

Michael O. Ugwueke has been named president and chief operating officer of Methodist Le Bonheur Healthcare, as well as president and CEO of Methodist Healthcare Memphis Hospitals. In his new role, Ugwueke will be responsible for strategic management of the operations of six hospitals within the Methodist Le Bonheur Healthcare system, as well as other key corporate functions.

93. Loeb Midtown Center Now Fully Leased -

Loeb Properties’ Belvedere Collection on Union Avenue in Midtown is 100 percent leased.

Agilitas USA Inc., operating as Results Physiotherapy, signed a new lease for 2,280 square feet in Suites 105-106 at the retail strip center.

94. End of Windows XP Support Spells Trouble for Some -

NEW YORK (AP) – Microsoft will end support for the persistently popular Windows XP on Tuesday, and with an estimated 30 percent of businesses and consumers still using the 12-year-old operating system, the move could put everything from the operations of heavy industry to the identities of everyday people in danger.

95. Market Mystery -

Over the last several years, investors ranging from mom-and-pop shops to large hedge funds have been acquiring single-family homes in Memphis at a historic pace.

But determining the long-term impact that investor purchases have made on neighborhoods remains elusive.

96. FedEx Profit Up, But Misses Expectations -

DALLAS (AP) – FedEx Corp. says its latest quarterly profit rose 5 percent from a year ago despite storms that raised the company's costs, but the results were below analysts' expectations.

97. County Commission Approves Crosstown Funding -

Shelby County Commissioners approved Monday, March 10, $5 million in county funding for public infrastructure on the $180 million Crosstown redevelopment project.

The 11-1 vote came after it appeared twice that commissioners, including those supporting the funding, were ready to delay the decision for two weeks.

98. Galvanizing Company Files Permit for Facility -

3328 Fite Road
Millington, TN 38053
Permit Cost: $1.9 million

Project Cost: N/A
Permit Date: Applied March 2014
Completion: N/A
Owner: 3328 Fite LLC
Tenant: 3328 Fite LLC
Architect: N/A
Contractor: N/A
Details: An affiliate of Columbus, Ohio-based “hot dip galvanizing” company Voigt & Schweitzer LLC plans to construct a 63,120-square-foot facility near Millington.

99. ServiceMaster Revenue Flat, Income Drops for 2013 -

The ServiceMaster Co. LLC took a net income loss of $506 million for the year 2013 and an $18 million loss for the last three months of the year.

100. The Sweet Spot -

Gary Wilkes usually doesn’t notice the smell at the family business, Wayne’s Candy Co. Inc., unless he has just returned from vacation.