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Editorial Results (free)

1. USDA Establishes Rural Business Investment Program -

DES MOINES, Iowa (AP) – The U.S. Department of Agriculture announced Monday a new $150 million program designed to provide investment capital to help small agriculture-related business in rural areas with cash needed to expand.

2. Industrial Portfolio Sells for $43 Million -

4550 Swinnea Road6005 Freeport Ave., 3399 E. Raines Road
Memphis, TN
Sale Amounts: $10.1 million; $14.8 million; $18 million

3. US Home Prices Rose at Solid Pace in January -

WASHINGTON (AP) – U.S. home prices rose in January after three months of declines as a tight supply of properties likely supported prices despite slower sales.

Real estate data provider CoreLogic said Tuesday that prices rose 0.9 percent in January after dipping 0.1 percent in December. Over the past 12 months, home prices have risen 12 percent, the biggest year-over-year gain in more than eight years.

4. MalmoMemphis Completes Three Law Firm Leases -

Three Memphis law firms represented by MalmoMemphis Real Estate Inc. have renewed their office leases or leased new spaces.

5. Polo Shops Sells for $3.1 Million After Foreclosure -

7444 Winchester Road7464 Winchester Road
Memphis, TN 38125
Sale Amount: $3.1 million

6. Polo Shops Sells for $3.1 Million After Foreclosure -

The Polo Shops retail center on Winchester Road in Southeast Memphis has sold for $3.1 million following a foreclosure.

An entity called TOP11 - 7444 Winchester RD LLC bought the property, whose addresses are 7444 Winchester Road and 7464 Winchester Road, in a Feb. 19 substitute trustee’s deed from R. Spencer Clift III of Baker, Donelson, Bearman, Caldwell & Berkowitz PC.

7. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

8. Belz Sells Shelby Oaks EnSafe Center for $910,000 -

5710-5730 Summer Trees Drive
Memphis, TN 38134
Sale Amount: $910,000

Sale Date: Jan. 10, 2014
Buyer: EnSafe Inc.
Seller: BICO Associates GP
Details: An affiliate of Belz Enterprises has sold the five-building Shelby Oaks EnSafe Center office complex on Summer Trees Drive in Northeast Memphis for $910,000.

9. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

10. French Quarter Inn Sells for $1.9 Million -

The long-vacant French Quarter Inn on Madison Avenue near Overton Square has been sold for $1.9 million, according to property records.

California-based NCE Realty and Capital Group LLC closed Dec. 31 on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street.

11. French Quarter Inn Sells for $1.9 Million -

The long-vacant French Quarter Inn on Madison Avenue near Overton Square has been sold for $1.9 million, according to property records.

California-based NCE Realty and Capital Group LLC closed Dec. 31 on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street.

12. Bowling for Who-Knows-What -

On the day after Christmas, 1958, I turned 7. The next day, Ole Miss played Florida in the Gator Bowl. The only other bowl games then were Sugar, Orange, Rose, and Cotton – all played on New Year’s Day – plus Sun, Tangerine, and Bluegrass, played earlier. Eight in all.

13. Highland Street Family Dollar Sells for $1.6 Million -

656 S. Highland St.
Memphis, TN 38111
Sale Amount: $1.6 million

Sale Date: Dec. 2, 2013
Buyer: Amicorp Enterprises Inc.
Seller: DCTN3 328 Highland Memphis TN LLC
Loan Amount: $600,000
Loan Date: Nov. 25, 2013
Maturity Date: N/A
Lender: The Bank of Hemet
Details: The Family Dollar retail store at 656 S. Highland St. near the University of Memphis has sold for $1.6 million.

14. Embassy Suites Memphis Sells for $24.8 Million -

1022 S. Shady Grove Road
Memphis, TN 38119
Sale Amount: $24.8 million

Sale Date: Nov. 15, 2013
Buyer: 1022 South Shady Grove LLC
Seller: 1022 Shady Grove LLC
Loan Amount: $22.6 million
Loan Date: Nov. 15, 2013
Maturity Date: N/A
Lender: Great American Life Insurance Co.
Details: An affiliate of Chicago-based hotel asset manager Lodging Capital Partners LLC has paid $24.8 million for the Embassy Suites Memphis hotel at 1022 S. Shady Grove Road in East Memphis.

15. Embassy Suites Memphis Sells for $24.8 Million -

An affiliate of Chicago-based hotel asset manager Lodging Capital Partners LLC has paid $24.8 million for the Embassy Suites Memphis hotel at 1022 S. Shady Grove Road in East Memphis.

16. Developer Buys Land for Somerset Subdivision -

26.3 Acres near Neshoba
And Germantown Roads
Sale Amount: $1.5 million

Sale Date: Oct. 28, 2013
Buyer: Somerset-Exeter GP
Seller: Owen Investments LP
Loan Amount: $2.8 million
Loan Date: Oct. 28, 2013
Maturity Date: Oct. 28, 2016
Lender: Kent Wunderlich
Details: An entity related to Germantown-based developer McNeill Investment Co. has paid $1.5 million for 26.3 acres near the intersection of Germantown and Neshoba roads.

17. French Quarter Deal Collapses -

A Texas-based group had inked a deal to purchase the long-vacant French Quarter Suites Hotel near Overton Square, but the proposed sale fell through the cracks.

Austin, Texas-based ASC Management had until Oct. 31 to close on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street but did not complete the sale.

18. Lamar Avenue Storage Facility Sells for $1 Million -

An affiliate of Austin, Texas-based real estate investment firm World Class Capital Group has paid $1 million for the 63,740-square-foot A-AAA Key Mini Storage facility at 3951 Lamar Ave. in Oakhaven.

19. FHA to Draw $1.7 Billion From Treasury to Cover Losses -

WASHINGTON (AP) – A federal housing agency said Friday it needs a $1.7 billion bailout from the Treasury to cover projected losses in its reverse mortgage programs which allow seniors to borrow against their homes for everyday living expenses.

20. International Paper Keeps Eye on Rainy Summer -

The president and CEO of Memphis-based International Paper Co. has been watching the weather a lot lately.

21. Closing Fannie, Freddie Could Boost Mortgage Rates -

WASHINGTON (AP) – Homebuyers could feel the pinch if Congress follows through on plans to shut down Fannie Mae and Freddie Mac, the government-controlled mortgage guarantee giants that were rescued by a $187 billion taxpayer bailout during the financial crisis.

22. Bean’s Third Career Helps Researchers Around Globe -

More than a decade ago, Bob Bean and Tim Hodge met at a Wendy’s near Baptist Memorial Hospital to discuss what it would take to develop a lab for genetically testing mice for use in research.

23. Wharton Calls for 'Revenue Director' -

Memphis Mayor A C Wharton Jr. wants to hire a city “revenue officer” as a next step in efforts to change financial practices at City Hall.

Wharton also set a schedule of monthly goals through the end of 2013 to discuss with the council such major financial issues as pension plan obligations and employee benefits.

24. Christian Brothers Names Doyle Vice President of Student Life -

Tim Doyle has joined Christian Brothers University as associate vice president of student life. In the role, Doyle supervises multiple aspects of campus operations – including housing, student government, health services and Greek organizations – working to address non-academic student needs and help students develop into active, engaged alumni.

25. Oakhaven Warehouse Sells for $11.3 Million -

5155 Citation Drive
Memphis, TN 38118
Sale Amount: $11.3 million

Sale Date: May 21, 2013

26. Owner Files Loan on Humphrey Hampton Inn -

The owner of the 121-room Hampton Inn at 33 Humphrey Center Drive in East Memphis has filed a $5.4 million loan on the property.

27. Argent Hire Underscores Firm’s Growth -

The hiring of Phil Buchanan by Argent Financial Group as the company’s new president underscores what’s been a continual growth story at Argent.

Even before the Ruston, La.-based financial services firm established a Memphis presence in 2010, but especially since then, Argent has opened new offices, added staff, solidified its presence here and still managed to prepare for growth to come.

28. Inman Keeps Construction Business Running Strong -

Page Inman had no intention of joining the family construction business, but 20 years and a couple $40 million construction jobs later, he has no regrets.

Cyclical economic changes and the need for competitive diversification are par for the course in an industry that depends on the availability of capital to survive.

29. 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.

30. Northward Expansion -

Thirteen years after Visible Music College founder Ken Steorts launched a school with a focus on music ministry and production that relocated into Memphis after outgrowing its original Lakeland campus, the school is preparing to launch a satellite campus.

31. TJX Leases Up Chickasaw Building D -

The TJX Cos. Inc. has inked a substantial deal in Southeast Memphis, representing the largest industrial lease so far in 2013.

32. Local Ad Execs to Present at SXSW Festival -

A pair of admen from Memphis will be in Austin, Texas, presenting at the South by Southwest Interactive Festival that starts later this week.

Archer-malmo chief creative officer and principal Gary Backaus, along with archer-malmo associate creative director and copywriter Justin Dobbs, will be there during the five days’ worth of presentations from leaders in emerging technology.

33. Argent Financial Sees Growth in Memphis, Beyond -

Argent Financial Group hasn’t let its foot off the gas since arriving in Memphis.

The Louisiana-based wealth management firm, which is now responsible for more than $5.5 billion in client assets, has continued to expand both in Memphis and beyond.

34. U of M Files Permit for New Residence -

3615 Central Ave. Memphis, TN 38111

Permit Cost: $43.5 million

Project Cost: $53 million

35. Dunavant Grows Logistics, Transportation Divisions -

Dunavant Enterprises Inc. continues its transformation into a purely third-party logistics and asset-based transportation firm.

36. Carey Watermark Investors Buys Beale Hampton Inn -

The new owner of the Hampton Inn & Suites Memphis-Beale Street at 175 Peabody Place Downtown, has filed a $22.5 million loan on the property after acquiring the 144-room hotel.

37. FTN Financial Grows With New Offices, Hires -

First Tennessee Bank’s capital markets subsidiary has been on a tear lately. FTN Financial has grown on several fronts, including with the addition of a public finance department as it expands into the general market municipal bond sector and with the opening of new offices as part of that expansion. The company also has opened additional new offices around the country and added employees in other areas to handle general growth.

38. Arnot Joins Hillwood as Market Director -

Dallas-based Hillwood Investment Properties has hired Bates Arnot as market director.

Arnot will be responsible for marketing and leasing industrial properties in the Dallas and Memphis markets.

39. Arnot Joins Hillwood as Market Director -

Dallas-based Hillwood Investment Properties has hired Bates Arnot as market director.

Arnot will be responsible for marketing and leasing industrial properties in the Dallas and Memphis markets.

40. New Breed Expands Memphis Footprint -

New Breed Logistics recently announced plans to expand its Memphis operations with an investment of $23 million that will create 468 warehouse and distribution jobs.

The privately held 3PL company helps businesses design and operate efficient supply chains. Its newest facility will consist of 404,000 square feet at 4585 Quality Drive, and the company will also significantly expand operations inside its facility at 4895 Citation Drive.

41. MED Buys East Memphis Land for $3.4 Million -

6525 Quince Road Memphis, TN 38119

Sale Amount: $3.4 million

Sale Date: Nov. 16, 2012

42. Gallina Centro Property Sells for $7.1 Million -

An affiliate of the Phoenix-based real estate investment trust Cole Capital Advisors Inc. has paid $7.1 million for the portion of the Gallina Centro strip center in Collierville that houses HomeGoods and Michael’s.

43. Economic East vs. West -

Yin and Yang Since Election Day, stock indices have fallen sharply, reflecting the Washington non-consensus. As we enter another legislative sausage session, investors can’t help but recall the 20 percent drawdown that marked the last high-stakes negotiation.

44. Brinkley Plaza Sells to Olymbec for $7.2 Million -

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.

45. Brinkley Plaza Sells to Olymbec for $7.2M -

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.

46. National Small Business Workshop Coming to Memphis -

A small-business-themed workshop tour presented in part by the New York Stock Exchange is stopping in Memphis next week.

The NYSE, small-business lender Accion and Yelp, which operates a business ratings and review website and app, earlier this summer joined forces to launch their “Small Business Connections Tour,” part of the organizations’ NYSE Big StartUp initiative.

47. Olive Garden, LongHorn Workers Sue Company -

Darden Restaurants violated federal labor laws by underpaying thousands of servers across the country at Olive Garden, LongHorn Steakhouse, Red Lobster and other eateries, according to a lawsuit filed Thursday on behalf of the workers.

48. Fla. Company Buys Cordova Retail Center -

Coral Springs, Fla.-based Swiss Capital Group LLC has acquired The Shops of Woodland Hills in Cordova for $3.1 million.

49. Orgel’s Experience Helps Him Lead School Board -

Billy Orgel was no stranger to the ways of an elected legislative body by last year when he was appointed to become a member of the countywide school board.

For years, getting the approval of the Memphis City Council or the Shelby County Commission to locate a cell tower has been part of his business, Tower Ventures.

50. Garrett to Head Adult Programs At Literacy Mid-South -

Alfred Garrett has been promoted to director of adult programs at Literacy Mid-South. Previously the adult programs manager, Garrett’s new role will include establishing and maintaining program delivery policies, evaluating effectiveness and measuring outcomes for the nonprofit organization’s adult programs.

51. Performance Of Memphis Public Cos. Varies Widely -

Memphis is home to several publicly traded companies that have made an indelible mark on industries ranging from transportation to finance and manufacturing.

Here’s a snapshot of how those companies are faring at the moment. (For a detailed look at AutoZone, see related story, "The Fast Lane.")

52. $1.5 Million Loan Filed For Future Vantage Point Golf -

Future Vantage Point Golf Center

Loan Amount: $1.5 million

Loan Date: Feb. 28, 2012

Maturity Date: March 1, 2037

Borrower: Vantage Point Holdings LLC

53. Getwell Storage Sites Sell for $3.7 Million -

Texas-based TP Getwell Self Storage Ltd. has bought self-storage facilities on about 12 acres at 2700 Getwell Road and 2706 Getwell Road from Getwell Self Storage LLC for $3.7 million, financing the purchase with a $2.8 million trust deed through Texas Capital Bank NA.

54. Room Service -

The good news for the local hotel industry is that last year notched the most rooms ever sold on a daily basis with 4.8 million – 115,628 more than 2010 and 76,780 more than the previous high set in 2007.

55. Tax Reform in This Election year: It's Not Likely -

WASHINGTON (AP) – Tax reform sounds like a good idea to lots of people, but where to start? Eliminate the popular deduction for home mortgages? End the write-off for charitable contributions? How about expanding the Social Security payroll tax?

56. Companies Sue County Over Minority Contracts -

Giving minority contractors a bigger share of the pie in doing business with local government is a hot topic at the moment.

City and county officials, for example, have found themselves in recent days under pressure to explain low levels of minority participation in some of the area’s high-dollar capital investment projects.

57. C-III Capital Acquires NAI Global -

The parent company of Memphis-based NAI Saig Co. has been acquired by an Irving, Texas-based real estate investment and special loan servicing firm for an undisclosed amount.

58. Delta Shares Up on Report of Interest in AMR -

FORT WORTH, Texas (AP) – Shares of Delta Air Lines Inc. rose Thursday after a report that the world's second-biggest airline may try to buy American Airlines parent AMR Corp.

59. Wonder Bread Maker Hostess Seeks Bankruptcy Protection -

NEW YORK (AP) – Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition and tough economic conditions.

60. Wonder Bread Maker Hostess Seeks Bankruptcy Protection -

NEW YORK (AP) – Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition and tough economic conditions.

61. Economists: Obama's Policies 'Fair' or 'Poor' -

WASHINGTON (AP) – President Barack Obama gets mediocre marks for his handling of the U.S. economy, and Mitt Romney easily outpolls his Republican rivals in an Associated Press survey of economists.

62. Stonebridge Apartments Sells for $22 Million -

9135 U.S. 64 and 9225 U.S. 64
Memphis, TN 38016

Sale Amount: $21.9 million

Sale Date: Dec. 6, 2011

Buyer: AB Merion Stonebridge LLC

63. Whitney Cap. Files Loan for 99 N. Main Apts. -

Memphis 99 Tower LP, an entity affiliated with New York-based Whitney Capital Co. LLC, has filed a $6.7 million trust deed through Oak Grove Commercial Mortgage LLC for The Renaissance Apartments at 99 N. Main St.

64. House Says No to Mandating Balanced Federal Budget -

WASHINGTON (AP) – Rejecting the idea Congress can't control its spending impulses, the House turned back a Republican proposal Friday to amend the Constitution to dam the rising flood of federal red ink. Democrats – and a few GOP lawmakers – said damage from the balanced-budget mandate would outweigh any benefits.

65. Dunkin' Brands' Net Income Falls on Charges -

NEW YORK (AP) – Dunkin' Brands Group Inc. said Tuesday its net income plummeted 61 percent in the quarter that it became a public company, as its efforts to pay down debt and big fees to the private-equity firms that used to own it offset revenue gains.

66. International Paper Reports Strong Q3 -

Memphis-based International Paper Co. reported net earnings of $518 million, or $1.19 per share for the third quarter of 2011.

67. IPO Market, an Engine of Job Growth, Stalls -

NEW YORK (AP) — Two companies with quirky names, Ubiquiti Networks and Zeltiq Aesthetics, made their public debuts earlier this month with listings on the Nasdaq Stock Market. Each company's stock went up modestly on the first day of trading.

68. Making Up: Free Apps for Furious Blackberry Users -

TORONTO (AP) – The Blackberry has left a bitter taste in the mouths of its users.

Trying to make amends for massive outages last week, Research In Motion on Monday promised Blackberry users free premium apps and a month of technical support. But the apology is unlikely to placate miffed customers, many of whom are considering whether to part with the tarnished brand in favor of more popular devices such as Apple's newest iPhone.

69. Econ Club Has Speakers On ‘Cutting Edge’ -

This fall’s slate of speakers coming to the city thanks to the Economic Club of Memphis includes a cyber-security expert, a prominent New York Times business columnist and a former government official who was an early supporter of “Reaganomics.”

70. Brentwood Place Apartments Sells for $8.5 Million -

1835 Sycamore View Road
Memphis, TN 38135
Sale Amount: $8.5 million

71. In Midwest, Obama Seeks Ideas for Jolting Economy -

PEOSTA, Iowa (AP) – Seeking some help from rural America, President Barack Obama on Tuesday implored Iowans to share ideas with him about how leaders can give an economic jolt to the nation's heartland. He promised better days in a time of relentless joblessness, saying, "We'll get through this moment of challenge."

72. Obama Returns to Chicago to Resume Fundraising -

WASHINGTON (AP) – Trying to make up lost time, President Barack Obama plunged back into the search for money for his re-election campaign Wednesday with a coast-to-coast series of parties marking his 50th birthday after he was forced to cancel fundraisers because of the debt-ceiling crisis.

73. Moody's Eyes Debt Downgrade for 5 States Including Tenn. -

Moody's Investors Service warned Tuesday that it probably will lower the credit rating on five states, including Tennessee, if it downgrades the U.S. government's credit rating.

The credit rating agency said it has placed on review for possible downgrade the triple-A bond ratings of five states. The others are Maryland, New Mexico, South Carolina and Virginia.

74. GOP Uses Budget, Other Tools to Sap Financial Law -

WASHINGTON (AP) – Congressional Republicans are greeting the one-year anniversary of President Barack Obama's financial overhaul law by trying to weaken it, nibble by nibble.

Wary of attempting to dismantle the entire statute and being portrayed as Wall Street's allies – banks are among the nation's most unpopular institutions – GOP lawmakers are attacking corners of it. They can't prevail because they don't control the White House or Senate, but they may be able to force some compromises on agency budgets, pressure regulators and influence some of Obama's nominations.

75. Parker Joins Leadership Memphis -

Latoria “Tori” Parker has joined Leadership Memphis as operations manager.

Hometown: Memphis

Education: B.S. Business Administration – University of Phoenix

76. Soulsville Charter School Files $10M Loan for New Bldg. -

1115 College St.
Memphis, TN 38106
Loan Amount: $10 million

Loan Date: May 20, 2011
Maturity Date: May 5, 2018
Borrower: The Soulsville Charter School LLC
Lender: SunTrust Community Development Enterprises LLC
Details: The Soulsville Charter School LLC has filed a $10 million construction leasehold loan through SunTrust Community Development Enterprises LLC. The loan will fund construction of a new school building – announced last year – on a 2.1-acre parcel and a 1.9-acre parking easement owned by The Soulsville Foundation Inc.

77. Walnut Grove Hampton Financed for $3.3 Million -

A limited partnership entity called W2005 New Century Hotel Portfolio LP has financed the Hampton Inn Memphis-Walnut Grove/Baptist Hospital East hotel at 33 Humphrey Center Drive through German American Capital Corp. for $3.3 million.

78. Cable Service Provider Signs New Lease -

A Madison, Tenn.-based cable service provider is taking advantage of lower rates in a competitive leasing environment.

FTS USA has signed a 4,002-square-foot lease in East Pointe Business Center, 3915 S. Mendenhall Road.

79. 'More Opportunities' -

Despite scarce commercial construction and soaring gas prices, the health care industry is turning to builders and contractors perhaps more so now than ever before.

Two-thirds of hospitals nationwide are undergoing construction projects this year, a 35 percent increase compared with 2009. That’s the findings of a capital survey conducted by Irving, Texas-based VHA Inc., a national network of community-owned health care systems and their physicians.

80. Memphis Defense Depot Slated for Sale -

Memphis Defense Depot – the 4.2 million-square-foot industrial park and former Army base just north of Memphis International Airport – is back on the market.

Once sold, the property will return to the city and county tax base and deliver anticipated tax revenue of approximately $1 million annually, making it one of the more successful national Army base closures.

81. Memphis Defense Depot Slated for Sale -

Memphis Defense Depot – the 4.2 million-square-foot industrial park and former Army base just north of Memphis International Airport – is back on the market.

Once sold, the property will return to the city and county tax base and deliver anticipated tax revenue of approximately $1 million annually, making it one of the more successful national Army base closures.

82. Mt. Zion Upgrades to Larger Church in Frayser -

Two Memphis area churches have closed on a deal that’s been in the pipeline for about a year and a half.

Mt. Zion Baptist Church, 1280 Stonewall St., bought the 36,000-square-foot church at 1621 Dellwood Ave. in Frayser from Schoolfield United Methodist Church Inc. for $500,000.

83. Foreign Investors Buy Treasure Park Apartments -

2601 N. Watkins St.
Memphis, TN 38127
First Sale: $1.1 million

Sale Date: Jan. 31, 2011
Buyer: City National Bank
Seller: Federal Deposit Insurance Corp. as receiver for Imperial Capital Bank of La Jolla, Calif.
Second Sale: $450,000
Sale Date: Jan. 28, 2011
Buyer: Square Mile Investments LLC
Seller: City National Bank
Details: A foreign investment group named Square Mile Investments LLC has bought Treasure Park Apartments at 2601 N. Watkins St. in Frayser from City National Bank for $450,000.
Details: A foreign investment group named Square Mile Investments LLC has bought Treasure Park Apartments at 2601 N. Watkins St. in Frayser from City National Bank for $450,000.

84. Dotzour Outlines CRE Future at MAAR Summit -

For this year’s version of the commercial real estate industry to differ from 2010, the economy needs one thing – jobs.

That was the message Mark Dotzour, chief economist and director of research for the Real Estate Center at Texas A&M University, told a room full of local brokers, bankers and appraisers at Wednesday’s Commercial Property Forecast Summit, held at the Germantown Performing Arts Centre and sponsored by the Memphis Area Association of Realtors Commercial Council.

85. Shifting Gears -

Memphis has long been a real estate town.

Family names like Belz, Boyle, Clark, Fogelman, Loeb, Snowden and Wilkinson – to name a few – have become synonymous not only with local commercial and industrial development but also with the city’s business fortunes and cultural identity.

86. Less Worried About Layoffs, Jobholders Spend More -

WASHINGTON (AP) – A steady decline in layoffs is giving the vast majority of adults who have jobs the confidence to spend more freely and help energize the economy. They no longer worry so much about losing their jobs.

87. Cash Infusion -

An El Paso, Texas-based investment firm has bought a “significant stake” in LEDIC Management Group LLC, a move that will enable the Memphis-based third party investment real estate firm to expand its national footprint, implement new technology, and hire additional employees.

88. Eastgate Sells for $31.5 Million -

The Eastgate Shopping Center on Park Avenue in East Memphis has sold to a Dallas-based entity for $31.5 million from Belz Enterprises Inc., according to documents filed with the Shelby County Register of Deeds.

89. ‘Ridiculously Cool’ Tiger Shirts Put Biz on Map -

Zombie tigers have been sighted on the streets of Memphis. Citizens should be on the lookout for snarling, eyeless tigers. These tigers should be considered nuts about Memphis and ready to rock.

The tigers can be found in a new design printed on black T-shirts. The shirts are the latest Memphis fashion craze and are the work of local design firm Memphis Inc.

90. Biofuel Firms Seek New Life Amid Changes -

While the Mississippi Delta region is considered a centerpiece of agricultural diversity and productivity in the southern U.S – distinguished by a variety of soil types, favorable climate and fairly long growing season – the biofuels industry must become viable to take advantage of the area’s assets.

91. Tennessee Ranks Second On Top Business Climate List -

Site Selection magazine ranked Tennessee as the No. 2 spot in its November 2010 Top Business Climate list.

The annual business climate rankings are determined half by performance of the state in Conway Data’s New Plant Database, which tracks new and expanded business facility activity. The other half is determined by a survey of corporate real estate executives across the country, seeking the best overall climate for capital investment.

92. Trustmark: Cadence Deal May Be Primer on How to Do It -

JACKSON, Miss. (AP) — Trustmark Corp. believes its attempt to acquire Cadence Bank — even though it failed — can serve as a blueprint for other banks seeking to buy distressed institutions not yet under Federal Deposit Insurance Corporation control.

93. Census Data: Marriages in 2009 at Record Low Level -

WASHINGTON (AP) – The recession took a dramatic toll on the institution of marriage in America last year, new figures show, with weddings for people 18 and older at the lowest ebb in over a hundred years.

94. Lasting Legacies -

Consider the continent as it was when Memphis was founded in 1819. No railroads crisscrossed the land and Tennessee roads would not be paved until after World War I.

For a city to thrive and prosper, transportation would be paramount. For Memphis, the Mississippi River, an integral artery of commerce and communication in America, would be its gateway to greatness.

95. Kitchen Tune-Up Seeks Veteran to Give Franchise -

Memphis is one of 10 cities where Kitchen Tune-Up wants to give away a franchise to a United States military veteran.

The company is waiving the $40,000 cost of the franchise package to a qualifying applicant. Kitchen Tune-Up, which specializes in low-budget remodeling of bathrooms and kitchens, has been in the franchise business since 1988 and has established a presence in 200 markets across the United States and Canada.

96. Law Takes Ruby Wharton On Interesting Journey -

She brings to the table more than 40 years of law experience in areas that include contract disputes, domestic relations, employment discrimination, personal injury and probate matters. She has practiced extensively in the Chancery, Circuit, Probate and Federal courts.

97. Mississippi Man Finds HogWine Dreams -

After a long career in mental health, David Wilson decided to cash in on his chips –potato chips, that is.

Wilson, 57, of Madison, Miss., talks about his company Southern Spoon LLC like he talks about his uncle James “Fig” Newton – in long, porch-swing yarns.

98. Former Orgill Distribution Center Sold Following Foreclosure -

2108 Latham St.
Memphis, TN 38109
Sale Amount: $2.5 Million

Sale Date: March 9, 2010
Buyer: NW-2100 Latham Street LLC
Seller: Bradley Ottinger, trustee

99. Vanguard Health Plans to Buy Mich. Hospital System -

DETROIT (AP) - Detroit Medical Center officials said Friday that plans for the nonprofit hospital system to be purchased by the privately held Vanguard Health Systems Inc. will allow it to maintain its commitment to charitable care and boost investment in its future.

100. Outlook Unsure -

Last week’s Commercial Property Forecast Summit painted a dour picture of the local real estate market, but the January numbers show that the commercial sector has a detectable pulse – at least for now.