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Editorial Results (free)

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. ServiceMaster Lays Off 65 in Restructuring -

Memphis-based ServiceMaster Co. has laid off 65 employees and eliminated another 40 vacant positions in a restructuring of its headquarters that began Wednesday, Feb. 5, and was confirmed Thursday.

11. Microsoft Names Cloud Computing Chief as Next CEO -

LOS ANGELES (AP) – Microsoft has named the head of its cloud computing business as the company's next CEO, tapping a longtime insider to lead efforts to catch rivals in mobile devices and offer more software and services over the Internet.

12. JetBlue, Southwest Win Rights at DC Airport -

DALLAS (AP) – Southwest and JetBlue say they are the beneficiaries of a deal requiring American Airlines to give up some of its coveted operating rights at Washington's Reagan National Airport.

13. Former Motel 6 Sells for $1.4 Million -

1321 Sycamore View Road
Memphis, TN 38134
Sale Amount: $1.4 million

Sale Date: Jan. 13, 2014
Buyer: P & S Hospitality LLC
Seller: G6 Hospitality Property LLC
Loan Amount: $1.1 million
Loan Date: Jan. 14, 2014
Maturity Date: N/A
Lender: Argent Bank
Details: The former Motel 6 at 1321 Sycamore View Road in Northeast Memphis has traded hands for $1.4 million.

14. Shankman-Cohn to Lead Interior Design Coalition -

Leslie Shankman-Cohn has been elected the 2014 president of the Tennessee Interior Design Coalition, a statewide coalition committed, through legislative and regulatory endeavors, to enhance and protect the right to practice interior design. Shankman-Cohn is a partner in Jill Hertz Interior Design, a division of Eclectic Interiors. She specializes in custom-designed furniture, space planning, furnishings and finishes specifications, universal design, Aging in Style and sustainable design issues.

15. Collierville Fred’s Sells for $1.5 Million -

450 U.S. 72
Collierville, TN 38017
Sale Amount: $1.5 million

Sale Date: Dec. 20, 2013
Buyer: Collierville Realty Holdings LLC
Seller: Washington Square Properties (a Tennessee general partnership composed of Thomas W. Taylor, trustee of the Thomas W. Taylor Revocable Living Trust dated April 27, 2000, and Thomas W. Hart)
Loan Amount: $793,000
Loan Date: Dec. 20, 2013
Maturity Date: Dec. 20, 2016
Lender: First Capital Bank
Details: The 19,152-square-foot fred’s retail store at 450 U.S. 72 in Collierville has sold for $1.5 million.

16. Fred's Seeks Strategic Options After Weak Sales -

Shares of Fred's Inc. hit an 8-year high Thursday after the discount retailer said it will seek strategic opportunities and announced a revamp of its merchandising and marketing team after a weak holiday shopping season.

17. Nike Files $1.4 Million Permit for Frayser Facility -

Nike Inc. has filed a $1.4 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.

18. Batch Memphis Launches Gift Service -

The three Nashville friends who started Batch Nashville, which delivers a surprise batch of local goods each month to subscribers’ doorsteps, are bringing the service to Memphis.

Nashville entrepreneur Sam Davidson said the group behind Batch Nashville had been looking to bring the model to another city in the state and looked for one “that had a growing sense of local pride, as well as a national brand.”

19. American Airlines Orders 90 Regional Jets -

FORT WORTH, Texas (AP) – American Airlines, fresh out of bankruptcy and newly merged with US Airways, said Thursday that it will buy 90 new regional jets from Brazil's Embraer S.A. and Canada's Bombardier Inc. and use them to replace smaller, less fuel-efficient planes.

20. ‘Growth Mode’ -

The fun, quirky vibe found at Memphis-based Web design company RocketFuel is readily apparent via things like remote-controlled helicopter jousting sessions between employees, and life-sized cutouts of figures like Spock in the office.

21. Methodist Pays $22.5 Million for Germantown Facility -

7945 Wolf River Blvd.
Germantown, TN 38138
Sale Amount: $22.5 million

22. Soulful Synergy -

What happened at the corner of McLemore Avenue and College Street in the 1960s is nothing short of extraordinary.

At the crossroads of segregated neighborhoods in South Memphis, two white business partners would open the doors wide to whites and blacks alike, who congregated to write and record songs that would set off a soul explosion heard around the world.

23. Experts: HealthCare.Gov Fix Needs More Time, Money -

NEW YORK (AP) – Technology experts say healing what ails the HealthCare.gov website will be a tougher task than the Obama administration acknowledges.

24. Family Roots Keep Lipscomb & Pitts on Path -

Lipscomb & Pitts was founded on Oct. 1, 1954, by Mathew Lipscomb Jr. and John Pitts, both veterans of World War II who had come home to become the top two sales leaders in the southeast for Liberty Mutual Insurance Co.

25. ServiceMaster to Spin Off Struggling TruGreen -

The ServiceMaster Co. plans to spin off its TruGreen lawn care business at the end of 2013 after several years in which the Memphis-based collection of residential- and commercial-services companies has struggled with the right business model for the TruGreen brand.

26. Commercial Real Estate Market Reawakens -

After suffering through a prolonged slump, the Memphis commercial real estate market this year began to shake off the rust that gathered during the “Great Recession,” and brighter days could be ahead for the prime markets in the apartment, retail, office and industrial sectors, according to local experts.

27. Derwin Appointed Terminix President -

Bill Derwin, vice president of the Otis Elevator division of United Technologies Corp., is the new president of the Terminix division of Memphis-based ServiceMaster Co.

28. ‘Hoarders’ Star Partners With ServiceMaster -

“Hoarders” television personality and Clutter Cleaner owner Matt Paxton met this week with ServiceMaster Clean and Restore franchisees and staff at the ServiceMaster Training Academy to discuss their newly formed partnership and examine hoarding, which has been officially listed as a mental disorder by the American Psychiatric Association.

29. Derwin Named Terminix President -

Bill Derwin, vice president of the Otis Elevator division of United Technologies Corp., is the new president of the Terminix division of Memphis-based ServiceMaster Co.

30. Apartment, Retail Markets Holding Steady -

The Memphis area multifamily and retail markets continue to chug along, with the newer, more upscale products in each sector propping up both overall markets.

Those trends and others in commercial real estate will be the subject of discussion Thursday, Nov. 7, during the 2013 Commercial Real Estate Review & Forecast, one of six seminars in The Daily News’ 2013 Seminar Series.

31. Performance Ranges Widely at Local Companies -

Here’s a snapshot of the recent performance of some of Memphis’ publicly traded companies – businesses that cast a shadow far beyond the Memphis city limits in industries including finance, package delivery and bioscience.

32. State Lags for Women in Corporate Positions -

Tennessee’s corporate boards are showing slow growth in gender diversity levels, although rankings are still among the lowest in the nation, according to the latest findings of an annual study.

Expert opinions vary on how strongly the statistics reflect corporate vitality in Tennessee on a broader scale.

33. Chasing Growth -

The pressure to show investors growth and a return is one of the most basic realities of operating as a public company.

And the three Memphis-based companies on this year’s Fortune 500 list are pressing forward on their own distinct paths toward satisfying that pressure.

34. Experts to Provide CRE Outlook at Seminar -

Class A office space in East Memphis reigns supreme, which should continue to drive up rental rates, while industrial developers are ramping up activity outside the city of Memphis.

Those trends and others in commercial real estate will be the subject of discussion Thursday, Nov. 7, during the 2013 Commercial Real Estate Review & Forecast, one of six seminars in The Daily News’ 2013 Seminar Series.

35. International Paper Earnings Surge 38 Percent -

Memphis-based International Paper Co. reported third quarter net earnings of $382 million, an increase of $145 million, or 38 percent, from the third quarter 2012 net earnings of $259 million.

36. Mississippi River Mayors Cite Feds for Lack of Money -

Natchez, Miss., Mayor Larry L. Brown came to Memphis last week with the kind of prepared remarks that are standard for gatherings where you have more than two mayors of cities.

The remarks are long on making sure everyone involved gets their name called and the previously agreed-upon talking points get mentioned if there is any time left.

37. MBI Anticipates Little Change Under New Owner -

With a new owner in place, Memphis Business Interiors (MBI) anticipates little change to its operations – but it does expect to grow.

New owner Rhonda Bradley said the only changes she has in sight for the 18-year-old office design firm are “adding new areas, strengthening service in areas we cover currently and growing in training and development of current employees.”

38. Medical Office Facility Sells for $5.9 Million -

7865 Educators Lane
Memphis, TN 38133
Sale Amount: $5.9 million

Sale Date: Sept. 26, 2013
Buyer: GA HC REIT II Bartlett TN MOB LLC
Seller: APD Investments LLC, Robert S. Biscan, The Colony Group LP and Amir H. Mehrabi
Details: An affiliate of Newport Beach, Calif.-based Griffin-American Healthcare REIT II Inc. has paid $5.9 million for the medical office building at 7865 Educators Lane in Northeast Memphis.

39. Shelby County Mortgages Up 7 Percent in Third Quarter -

The gas tank of Shelby County’s mortgage market continues to be powered by the fuel of low interest rates and more of a willingness from lenders to make new loans.

Banks and mortgage lenders made 2,521 purchase mortgages in Shelby County during the third quarter, a 7 percent improvement from the 2,364 mortgages during the third quarter of 2012, according to the latest data from real estate information company Chandler Reports,www.chandlerreports.com.

40. 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.

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

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.

42. Keystone Landing Complex Sells for $4.6 Million -

4266 Ridgestone Road
Memphis, TN 38128
Sale Amount: $4.6 million

Sale Date: Sept. 12, 2013
Buyer: Keystone Landing Apartments LLC
Seller: Ridgemont Investors LLC
Loan Amount: $3.5 million
Loan Date: Sept. 12, 2013
Maturity Date: N/A
Lender: Arbor Commercial Funding LLC
Details: The 150-unit Keystone Landing apartment complex at 4266 Ridgestone Road in Raleigh has sold for $4.6 million.

43. Kroger CEO Dillon to Retire in January -

Kroger CEO David Dillon will retire from that post when the new year begins but will stay on for another year as chairman. President and Chief Operating Officer W. Rodney McMullen will step into the CEO role as part of its long-term succession plan.

44. GiVE 365 Grants $88,000 to 12 Nonprofits -

The Community Foundation of Greater Memphis made it easier for a dozen Memphis nonprofits to continue the good they do in the community when it announced the recipients of this year’s GiVE 365 grantees last week.

45. Cypress Realty Sells Red Robin Ground Lease -

Memphis-based Cypress Realty Holdings Co. has sold the ground lease of the Red Robin restaurant at 1231 N. Germantown Parkway in Cordova for $2 million.

46. Open Enrollment Approaching for Insurance Exchange -

With open enrollment for purchasing health insurance from the federally run Tennessee health insurance exchange set to begin on Oct. 1, local health care organizations are preparing with operational changes and plans for educating patients.

47. Influence1 Files $2.6 Million Loan for Former Bishop Byrne -

1475 E. Shelby Drive
Memphis, TN 38116
Loan Amount: $2.6 million

Loan Date: Aug. 23, 2013
Maturity Date: Aug. 23, 2024
Borrower: The Influence1 Foundation
Lender: Regions Bank
Details: The Influence1 Foundation, the Memphis-based organization that bought the former Bishop Byrne High School in June, has filed a $2.6 million loan on the property, at 1475 E. Shelby Drive in Whitehaven.

48. Hardy Pushes Intermodal Sites for New Jobs -

Carolyn Hardy admits she pushed hard to get the intermodal container yard that opened this week in Hickory Hill completed faster than the two years many contractors told her it would take.

49. Union Avenue Arby’s Sells for $1.3 Million -

The Arby’s restaurant site at 975 Union Ave. has sold for $1.3 million.

ARC CAFEUSA001 LLC, an entity affiliated with Dresher, Pa.-based American Realty Capital, bought the property in a July 31 special warranty deed from GE Capital Franchise Finance Corp. No financing was associated with the transaction.

50. ‘It Will Get Better’ -

On a recent July morning, a full room of local business leaders gathered in a FedEx Corp. training facility on Airways Boulevard to learn more about Memphis International Airport and its operations.

51. ServiceMaster Reports Second-Quarter Operating Loss -

The ServiceMaster Co. reported a $564 million operating loss Wednesday, Aug. 14, for the second quarter of its fiscal year, in a quarter that CEO Rob Gillette said did not meet expectations.

52. ServiceMaster Reports Second-Quarter Operating Loss -

The ServiceMaster Co. reported a $564 million operating loss Wednesday, Aug. 14, for the second quarter of its fiscal year, in a quarter that CEO Rob Gillette said did not meet expectations.

The Memphis-based residential and commercial services company, which includes the Terminix, TruGreen lawn care and American Home Shield brands, posted $939 million in operating revenue, a 2.4 percent decline in operating revenue from the same time last year.

53. BlackBerry Weighs Putting Itself Up for Sale -

TORONTO (AP) – BlackBerry will consider selling itself after the long-awaited debut of its new phones failed to turn around the struggling smartphone maker.

The company said Monday that its board has formed a special committee to explore "strategic alternatives" in hopes of enhancing the company's value and boosting adoption of its BlackBerry 10 platform.

54. Midtown Mix -

Go by Overton Square during lunch or at night, and the place is usually overflowing with visitors – some who want lunch, dinner or a libation, and some who come just to enjoy the simple pleasure of people-watching.

55. Waiting for Takeoff -

A never-before-used economic incentive program designed to lure new air service to Memphis International Airport may have its first customer.

Memphis-Shelby County Airport Authority officials moved swiftly to approve a measure that will bolster financial incentives offered to commercial airlines offering flights at least four days a week to new cities not served today by the airlines.

56. Hudson's Bay Buying Saks for About $2.4 Billion -

NEW YORK (AP) – Don't let the global economy fool you: Luxury is hardly dead.

Saks Inc. agreed to sell itself to Hudson's Bay Co., the Canadian parent of upscale retailer Lord & Taylor, for about $2.4 billion in a deal that will bring luxury to more North American locales.

57. Medical Mergers -

In January, The Medical Group, an adult internal medicine practice in Germantown with seven physicians: Drs. Todd Overby, Alison Pomykala, Richard Jordan, Terinell Beaver, Steven Wener, Mark Castellaw and Dana Wright sold to Baptist Memorial Health Care Corp. after being independent since 1956.

58. International Paper's Second-Quarter Net Income Nearly Doubles -

MEMPHIS (AP) – International Paper Co., the paper and packaging company, said Thursday, July 25, that its second-quarter net income nearly doubled as it raised its prices for its boxes.

59. UPS Profit Falls on Shift to Lower Cost Services -

DALLAS (AP) – UPS said Tuesday that second-quarter profit fell 4 percent as customers shifted from premium toward lower-priced shipped services.

The company called the results disappointing and said it was adapting to the changing market.

60. Memphis Airport to Introduce Free Wi-Fi -

Soon, passengers at Memphis International Airport will be able to surf the Web for free as they wait for flights.

The Memphis-Shelby County Airport Authority awarded a contract to Los Angeles-based Boingo Wireless to provide Wi-Fi coverage throughout the airport, including the terminals, baggage claim areas and rental car customer service area in the ground transportation center.

61. Advisory Board to Examine Community Health Needs -

Dr. David Stern, executive dean of the University of Tennessee Health Science Center College of Medicine, has launched a unique effort to address community health needs in Memphis.

“It’s my belief that a medical school has a very unique opportunity to interact with the community,” Stern said. “I consider our community to be a very important laboratory – it is an underserved, minority community that is in ill health. The biggest contribution we can make is to move the needle on overall community health and to develop new methods that we can apply to other communities like Memphis.”

62. Market of Riverdale Bend Sells for $6.2 Million -

7114-7186 Winchester Road Memphis, TN 38125

Sale Amount: $6.2 million

Sale Date: July 2, 2013

63. Winchester Fred’s Sells for $1.8 Million -

The Fred’s store at 7143 Winchester Road in Southeast Memphis has sold for $1.8 million. Freds Partners LLC bought the 16,611-square-foot store in a June 26 special warranty deed from the property’s developer, McCarver Development of Jackson, Tenn.

64. Fant Expands Farmhouse With New Space, Staff -

For media, Web and strategy firm Farmhouse, 2013 has proven to be a breakout year.

That’s according to Ben Fant, who started the marketing agency in 2007 out of his home, in – where else – an 1800s-era former farmhouse. The firm recently moved into a larger space Downtown at 97 S. Front St. to make room for more staff, and recent projects it has taken on include work for restaurateur Taylor Berger’s new enterprise Tamp and Tap and the Cooper-Young restaurant Ink.

65. Gov. Haslam Struggles to Meet Pilot Recusal Pledge -

NASHVILLE (AP) – Tennessee Gov. Bill Haslam has struggled almost from the start of his administration to fulfill a campaign pledge to avoid handling matters relating to Pilot Flying J, the family-owned truck stop chain run by his brother, Cleveland Browns owner Jimmy Haslam.

66. Room Race -

To illustrate the stiff competition Memphis faces in landing conferences and conventions because of hotel room capacity available in the city, Memphis-based hotel consultant Chuck Pinkowski points to a formidable foe just three hours away.

67. Kroger Bets Shoppers Will Stay Loyal -

NEW YORK (AP) — Kroger says its customers are doing more of their shopping at its supermarkets, helped in part by the popularity of its store brands.

The country's largest traditional supermarket operator on Thursday raised its profit outlook for the year after reporting a higher quarterly net income that beat Wall Street expectations, although overall sales were shy of forecasts.

68. Boyle Honors Past at 80th Anniversary Celebration -

If it seems like the Boyle family has played a key role in Memphis since the city was founded, it’s because it has.

A Boyle family ancestor, John Overton, founded Memphis in 1819 along with James Winchester and Andrew Jackson. In the early 1900s, Edward Boyle developed Belvedere Boulevard, which remains one of the city’s most elegant arteries.

69. MRG Breaks Ground on Schilling Farms Apartment Complex -

Memphis-based Makowsky Ringel Greenberg LLC is launching a new apartment community at Schilling Farms.

70. New EmergeMemphis Head Brings Big Ambitions -

On his first day as the new president and CEO of EmergeMemphis, Carlton Crothers talked about a grand vision of “creating an innovation ecosystem” in Memphis.

Crothers is the new head of an organization formed in 2001 that serves as an incubator for high-growth companies. He comes to Emerge from Innovation Ecosystem Design in Dallas, with a long career of entrepreneurship-related endeavors behind him.

71. Commission Approves Budget and 1st Reading of Tax Rate -

Shelby County Commissioners approved an operating budget for Shelby County government Monday and approved on the first of three reading a $4.38 property tax rate to fund that budget.

The votes that signal the end of the county’s budget season came after a prolonged commission debate about the basic role of county government.

72. Former Ike’s on Summer Sells for $2.7 Million -

4569 Summer Ave. Memphis, TN 38122

Sale Amount: $2.7 million

Sale Date: May 17, 2013

73. Memphis in the Meantime -

The city’s tourism and travel industry is thriving as a one-of-a-kind destination for leisure and business travelers, but industry insiders believe a larger, technologically updated convention center is needed in years to come if Memphis wants to remain competitive in bringing larger groups to town.

74. Cresthaven Medical Building Sells for $2.5 Million -

1068 Cresthaven Road Memphis, TN 38119

Sale Amount: $2.5 million

Sale Date: May 2, 2013

75. Nike Distribution Center Issued $4.4 Million Permit -

The city-county Office of Construction Code Enforcement has issued a $4.4 million mechanical permit for work on Nike Inc.’s North Memphis distribution center at 3100 New Frayser Blvd.

76. Club 152 Makes Appearance in Environmental Court -

The owners of Club 152 in the Beale Street entertainment district are due in Shelby County General Sessions Environmental Court Monday, May 20, for the first hearing on the injunction that closed the popular nightspot Thursday afternoon as a public nuisance.

77. TruGreen Sags ServiceMaster Earnings -

The ServiceMaster Co. saw operating revenue and operating income decline during the first three months of 2013.

78. ServiceMaster Reports "Disappointing" First Quarter -

The ServiceMaster Co. saw operating revenue and operating income decline during the first three months of 2013.

79. Oakhaven Warehouse Sells After Foreclosure -

4120 Air Trans Road, Memphis, TN 38118

Sale Amount: $2.5 million

Sale Date: May 7, 2013

80. Dream Home -

Mid-South residents have a chance to view a rising neighborhood in Eads – and possibly win a home – while helping children fight cancer.

St. Jude Children’s Research Hospital is using real estate as a vehicle to help fund the battle against childhood cancer and other deadly diseases through the 2013 St. Jude Dream Home Giveaway, a June 22 raffle for a $475,000 home in Eads.

81. Memphis Not Alone in Losing Flights -

Memphis residents won’t be surprised by the findings of a new study that shows a drastic reduction in air service at small and medium-sized U.S. airports in the last six years.

But the study, by the Massachusetts Institute of Technology, shows that Memphis is far from alone in being targeted for flight route cuts.

82. 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

83. Central Animal Hospital Files Loan on Property -

Central Animal Hospital at 2192 Central Ave. in Midtown has filed a $2.4 million loan on its property.

84. Metropolitan Bank Earnings Up 43 Percent -

Metropolitan Bank is starting off its fifth year by reporting another quarter of increased earnings – the 14th straight quarter in which that’s happened.

85. International Paper’s Net Earnings Up -

Memphis-based International Paper Co. reported net earnings Thursday, May 2, of $318 million for the first quarter of 2013, a $130 million increase from a year ago.

Quarterly net sales for International Paper of $7.1 billion were up $400 million from a year ago but the same as for the fourth quarter of 2012.

86. Virginia Company Buys Poplar Avenue Retail Property -

7665 Poplar Ave. Germantown, TN 38138

Sale Amount: $2.9 million

Sale Date: April 19, 2013

87. Cypress Realty Pays $1.7 Million for Office Condos -

Memphis-based realty investment fund Cypress Realty Holdings has paid $1.7 million for a trio of office condominiums at 717 White Station Road.

88. Riding the Rails -

By some estimates, America’s railroad companies are in the midst of the largest investment boom since the Gilded Age – when America’s railroad track mileage tripled between 1860 and 1880.

This year, North American’s freight railroads plan to invest $24.5 billion in intermodal terminals, new track, bridges and tunnels, safety equipment and rail cars, according to the Association of American Railroads.

89. Meadows Named Director of Memphis Jewish Home & Rehab -

Bobby Meadows has joined Memphis Jewish Home & Rehab as executive director. Meadows, a licensed nursing home administrator, has 13 years of nursing home experience, including 11 as an executive director. Most recently, he served for six years at Allenbrooke Nursing and Rehabilitation Center in Memphis.

90. Harold Ford Sr. Buys Sycamore View Property -

1670 Sycamore View Road Memphis, TN 38134

Sale Amount: $1.8 million

Sale Date: April 8, 2013

91. Mullany Resigns as ServiceMaster CEO -

Hank Mullany has resigned as CEO of The ServiceMaster Co. effective Friday, April 12.

Mullany’s resignation was announced Friday along with the appointment of John Krenicki Jr. as the Memphis-based company’s interim CEO.

92. Cordova Ridge Shops Sells for $1.8 Million -

An affiliate of Norcross, Ga.-based Safeway Group Inc. has paid $1.8 million for Cordova Ridge Shops, a retail shopping center at 1204 Houston Levee Road in unincorporated Cordova.

93. New York Company Buys Country Squire for $49.2 Million -

8056 Country Squire Lane Cordova, TN 38018

Sale Amount: $49.2 million

Sale Date: March 28, 2013

94. New York Company Buys Country Squire for $49.2 Million -

An affiliate of New York-based NorthStar Realty Finance Corp. has paid $49.2 million for the 972-unit Country Squire Apartments in Cordova.

95. Panther Properties Buys Two Cordova Apartments -

2350 N. Houston Levee Road and 2323 N. Houston Levee Road

96. City Council to Vote on Property Registration Ordinance -

Memphis City Council members take up third and final reading Tuesday, April 2, of an ordinance that requires registration and a fee for owners of property within the city.

The council meets at 3:30 p.m. at City Hall, 125 N. Main St.

97. Crosstown Leaders Discuss Ambitious Project -

Leaders of the Crosstown Development Project talked this month with The Memphis News editorial board about their plans for the adaptive reuse of the 1.5 million-square-foot, circa-1927 Sears Crosstown building.

98. Panther Properties Buys Two Cordova Apartments -

Woburn, Mass.-based Panther Properties Investment LLC has bought a pair of Cordova apartment complexes – the Villas at Grays Creek and the Carrington at Houston Levee – for a combined $44.8 million.

99. Baptist Group Buys Former Post Office -

Baptist Memorial Medical Group Inc. has paid $1.3 million for the former U.S. Postal Service location at 1520 Union Ave. in Midtown.

100. Phipps Named Vice President, COO at American Esoteric Laboratories -

Dr. Amber R. Phipps has joined American Esoteric Laboratories, the Mid-South division of Sonic Healthcare USA, as vice president and chief operations officer. In her new role, Phipps will oversee all operations for AEL, which includes nine laboratories and more than 800 employees in six states. A captain in the U.S. Army Reserves, Phipps most recently served as a medical operations officer stationed at Fort Sam Houston, Texas.