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Editorial Results (free)

1. Hotel Developer Moves On Scimitar Building Conversion -

179 Madison Ave.
Memphis, TN 38103

Permit Cost: $5.2 million

Permit Date: Applied August 2015

2. Memphis Investment Professionals Preach Caution Amid Market Swings -

The 1,000-point drop at one point Monday, Aug. 24, in the Dow Jones Industrial Average – it ended the day down 588 points to close at an 18-month low – was a result of volatile trading that marked a stomach-churning start to the week for investors.

3. Memphis Search Marketing Firm Nabs Spot on Inc. 500 -

Search marketing firm HigherVisibility LLC was the highest-ranked Memphis company on the annual Inc. 5000 list, which ranks the nation’s fastest growing companies.

4. Memphis Firm HigherVisibility Nabs Spot on Inc. 5000 -

Search marketing firm HigherVisibility LLC was the highest-ranked Memphis company on the annual Inc. 5000 list, which ranks the nation’s fastest growing companies.

5. College Football Notebook: Nick Saban Needs a Quarterback -

Another season at Alabama and another battle for quarterback.

Last year’s runner-up, Florida State transfer Jacob Coker, returns for a second shot at the job after losing out to Blake Sims in 2014. Redshirt freshman David Cornwell showed enough last spring to become a contender, and the race may be wide enough open to go beyond these two if neither can assert himself as the leader of the offense.

6. Earnings Season Roundup -

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

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

7. Trustmark Corp. Reports Second-Quarter Profit -

Trustmark Corp., the parent company of Trustmark Bank, has reported a second-quarter profit of $30.6 million, which represents diluted earnings per share of 45 cents.

8. Speakers Set For Inaugural TEDxMemphis Event -

A few weeks from now, Memphians will have a chance to hear from Kimbal Musk, the brother of billionaire Tesla founder Elon Musk, about his plans for the restaurant and garden concepts he’s bringing to Memphis.

9. Gasol Back in Fold, Grizzlies Still In Thick of Tough Western Conference -

There were a few mildly uneasy days between the arrival of Grizzlies controlling owner Robert Pera in Spain and the news that, yes, All-Star center Marc Gasol would indeed re-sign with the team. And not just for a short-term deal, but a five-year max contract (about $113 million) with a player option after the fourth year.

10. Ikea Seeks $16 Million Permit For First Memphis Store -

Future Ikea Store
On 42 Acres In Cordova
Permit Cost: $16 million

Application Date: July 2015
Owner/Tenant: Ikea
Details: Ikea is moving forward with its massive retail store in Cordova.

11. Dog Daycare Bringing New Life to East Memphis Retail Center -

A new doggy daycare and camp is coming to East Memphis.

Becky and Tim Simcoe have leased 8,875 square feet at the Balmoral Shopping Center at Quince Road and Ridgeway Road in East Memphis to open a Camp Bow Wow franchise.

12. 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

13. 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.

14. Memphis Library Foundation Crowdfunds for Cloud901 -

This week, the Memphis Library Foundation launched its first crowdfunding campaign to raise $10,000 for needed equipment in its new teen learning lab Cloud901, opening this fall.

Thanks to donors Jack and Sandra Jones, that $10,000 will be doubled, with their commitment to match up to $10,000.

15. 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.

16. Graceland Nursing Center in Whitehaven Sells for $1.1M -

1250 Farrow Road LLC filed a $1.1 million special warranty deed for the Graceland Nursing Center located at 1250 Farrow Road in Whitehaven on May 21.

17. 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

18. Graceland Nursing Center in Whitehaven Sells for $1.1 Million -

1250 Farrow Road LLC filed a $1.1 million special warranty deed for the Graceland Nursing Center located at 1250 Farrow Road in Whitehaven on May 21.

19. University of Memphis Foundation Applies for $1 Million Building Permit -

1115 E. Getwell Loop
Memphis, TN 38111
Permit Amount: $1 million

Applicant: The University of Memphis Foundation
Project Cost: $40 million
Permit Application Date: April, 2015
Architect: Fleming Architects
Contractor: Grinder, Taber & Grinder Inc.
Details: The University of Memphis Foundation has applied for a $1 million building permit for a new facility at the university’s Park Avenue campus.

20. Medical Center Apartments Sell for $6.4 Million -

A Memphis investor has acquired a Memphis Medical Center apartment building for $6.4 million.

Thunderbird Towers LLC bought the 201-unit, Class C apartment building at 141 N. Manassas St., known as the Adams Place Apartments, from 750 Adams Place LLC, according to an April 13 warranty deed.

21. Investor Buys Medical Center Apartments for $6.4 Million -

A Memphis investor has acquired a Memphis Medical Center apartment building for $6.4 million.

Thunderbird Towers LLC bought the 201-unit, Class C apartment building at 141 N. Manassas St., known as the Adams Place Apartments, from 750 Adams Place LLC, according to an April 13 warranty deed.

22. 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.

23. IHeartMedia Sells Four Memphis Radio Towers -

IHeartMedia + Entertainment Inc. has sold four of its Memphis radio towers for $6.3 million as part of a national deal topping $300 million.

24. Germantown Mayor Hosts Inaugural CEO Roundtable -

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

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

25. Bill Would Make Bible Official State Book of Tennessee -

NASHVILLE, Tenn. (AP) – Despite concerns that giving the holy Bible the same status as a salamander is a little tawdry and could be unconstitutional, Tennessee lawmakers are forging ahead with plans to make it the official state book – something at least two other states have failed to do.

26. Workforce Group Elects Downtown for Office -

The Greater Memphis Alliance for a Competitive Workforce has found a headquarters location Downtown, leasing 2,967 square feet at the One Commerce Square office tower.

The alliance aims to produce a united regional workforce development system by generating extensive workforce data, creating a pipeline of ready-to-work employees, crafting career roadmaps for workers and students and helping meet the near-term employment needs of local employers.

27. Shelby County Mortgage Market Grows 23 Percent in March -

The last month of the first quarter showcased a Shelby County mortgage market with abundant vitality, including evidence that plenty of demand exists among buyers eager to sign on the dotted line.

Mortgage volume countywide grew 23 percent in March compared to the same month a year ago, according to real estate information company Chandler Reports, www.chandlerreports.com. Year over year, volume last month rose to a little more than $126 million, up from $103.1 million in March 2014, and lenders say continued low rates are one reason why.

28. Germantown Mayor Hosts Inaugural CEO Roundtable -

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

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

29. 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.

30. Orion Acquires Medical Center Property for New Branch -

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

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

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

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

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

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

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

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

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

34. Argent Financial Adds to Executive Ranks in Memphis -

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

35. Argent Financial Adds To Executive Ranks in Memphis -

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

36. Chicago-Based LivCor Snaps Up Memphis Apartment Community -

9230 Thornbury Boulevard
Memphis, TN 38125
Sale Amount: $51.3 million

Sale Date: Feb. 27, 2015
Buyer: BRE Piper MF Forest Creek TN LLC, an affiliate of Chicago-based LivCor LLC,
Seller: Forest Creek Apartment Associate LLC and Forest Creek Land Associates LLC, affiliates of Carter Hastin Real Estate Services Inc.
Loan Amount: $44.2 million
Loan Date: Feb. 27, 2015
Lender: Wells Fargo Bank
Details: The Preserve at Forest Creek Apartments in Southeast Memphis has been sold for $51.3 million.

37. Founding Fathers Brews Now Available in Tennessee -

Tennesseeans looking for a patriotic brew have a new option as Founding Fathers Brewing Co. lagers are now available throughout the state.

38. Founding Fathers Brews Now Available in Tennessee -

Tennesseeans looking for a patriotic brew have a new option as Founding Fathers Brewing Co. lagers are now available throughout the state.

39. 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.

40. 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.

41. Four Internal Benefits of Practicing Innovation -

Ultimately, innovation must be defined by the new value it creates for an organization.

Sure, there are many innovations that create nominal value by shaving costs at various points of the value chain. These incremental product or service adaptations are a positive by-product of having an innovation discipline. Sights need to be set higher to really change a category for the better and create a sustainable leadership position in the market.

42. The Value of Honesty -

I’m not going to lie; recently, I’ve been on the receiving end of dishonesty in a business setting. The person could have easily told the truth or apologized, and it would have been no big deal. But, they didn’t. In order to save face, they stepped right up and said something that was clearly and definitely not the truth.

43. Memphis Industrial Portfolio Sells for $86.3 Million -

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

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

44. Memphis Industrial Portfolio Sells for $82.6 Million -

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

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

45. 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.

46. 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.

47. Are You a Hack Waiting to Happen? Your Boss Wants to Know -

NEW YORK (AP) – The next phishing email you get could be from your boss.

With high-profile security breaches on the rise, from Sony Pictures to Anthem, companies are on the defensive. And they want to make sure their employees are not a hack waiting to happen.

48. 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.

49. Shelby County Mortgage Market Dips Slightly in January -

Even though total mortgage volume in Shelby County dipped slightly in January, Magna Bank – among the top lenders for the month – actually grew its volume in during the month.

50. Fogelman Company Launching Retail Center in East Memphis -

6544 Poplar Ave.
Memphis, TN 38118

Permit Amount: $3.2 million

Permit Application Date: February, 2015

51. 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.

52. 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

53. NFL Players Find Second Careers as Entrepreneurs -

As Eddie George neared the end of his nine seasons in the NFL, the running back began pondering his next play.

54. NFL Players Find Second Careers as Entrepreneurs -

As Eddie George neared the end of his nine seasons in the NFL, the running back began pondering his next play.

55. Wal-Mart Launches Cash Pickup Option for Tax Refunds -

NEW YORK (AP) – Wal-Mart is launching a service allowing customers to pick up their tax refunds in cash at all stores nationwide.

It's the discounter's latest move to offer more financial services, which is seen as a path to bringing more shoppers to its stores.

56. Phoenix REIT Purchases 2 Walgreens for $11.3 Million -

A Phoenix-based real estate investment trust has acquired two Walgreens stores from the retailer’s parent company.

ARCP WG Memphis TN LLC and ARCP WG Bartlett 5950 Stage Road LLC, both affiliates of Phoenix-based American Realty Capital Properties, acquired the Walgreens stores at 3670 Riverdale Road and 5950 Stage Road in Bartlett from the Walgreen Co. for $11.3 million, according to two Nov. 24 special warranty deeds.

57. Bank of Bartlett Buys Germantown Property -

1870 Kirby Parkway
Germantown, TN 38138
Sale Amount: $4.1 million

Sale Date: Dec. 29, 2014
Buyer: Bank of Bartlett
Seller: Spence Ray
Details: Bank of Bartlett has bought back a site on Kirby Parkway in Germantown for $4.1 million.

58. Phoenix REIT Purchases 2 Walgreens for $11.3 Million -

A Phoenix-based real estate investment trust has acquired two Walgreens stores from the retailer’s parent company.

ARCP WG Memphis TN LLC and ARCP WG Bartlett 5950 Stage Road LLC, both affiliates of Phoenix-based American Realty Capital Properties, acquired the Walgreens stores at 3670 Riverdale Road and 5950 Stage Road in Bartlett from the Walgreen Co. for $11.3 million, according to two Nov. 24 special warranty deeds.

59. Crosstown Developers File $80.5 Million Loan -

The Crosstown development team has secured an $80.5 million loan on the property.

Crosstown Building Owner LLC filed the loan with SunTrust Bank, according to a Dec. 30 deed of trust. McLean Wilson, the Crosstown development team’s co-leader, signed the trust deed.

60. Batts Joins HealthChoice as Complex Care Manager -

Kenneth Batts has joined HealthChoice’s new Population Health team as complex care manager. In his new role, Batts will reach out to patients identified with complex medical needs to schedule home visits, where he’ll provide customized intervention and condition education, including goal setting, care coordination, and long-term support with the goal to achieve improvements in their health.

61. The Preserve at Southwind Sells for $28 Million -

7991 Capilano Drive
Memphis, TN 38125
Sale Amount: $28 million

Sale Date: Dec. 22, 2014
Buyer: Southwind Apartments LP
Seller: G&I VII Preserve at Southwind Apartments LP
Loan Amount: $18 million
Loan Date: Dec. 18, 2014
Maturity Date: Oct. 31, 2020
Lender: Jackson National Life Insurance Co.
Details: A team that includes Memphis-based Foegelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

62. Crosstown Developers File $80.5 Million Loan -

The Crosstown development team has secured an $80.5 million loan on the property.

Crosstown Building Owner LLC filed the loan with SunTrust Bank, according to a Dec. 30 deed of trust. McLean Wilson, the Crosstown development team’s co-leader, signed the trust deed.

63. Southwind Apartments Sell for $28 Million -

A team that includes Memphis-based Fogelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

G&I VII Preserve at Southwind LLC, a joint venture between Rick and Mark Fogelman and New York-based DRA Advisors LLC, sold the 306-unit complex to Colorado-based Preserve at Southwind Apartments LP, an affiliate of Continental Realty Advisors Ltd., according to a Dec. 22 warranty deed. The sellers acquired the property for $22.1 million in 2011.

64. Crosstown Developers File $80.5 Million Loan -

The Crosstown development team has secured an $80.5 million loan on the property.

Crosstown Building Owner LLC filed the loan with SunTrust Bank, according to a Dec. 30 deed of trust. McLean Wilson, the Crosstown development team’s co-leader, signed the trust deed.

65. Southwind Apartments Sell for $28 Million -

A team that includes Memphis-based Fogelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

G&I VII Preserve at Southwind LLC, a joint venture between Rick and Mark Fogelman and New York-based DRA Advisors LLC, sold the 306-unit complex to Colorado-based Preserve at Southwind Apartments LP, an affiliate of Continental Realty Advisors Ltd., according to a Dec. 22 warranty deed. The sellers acquired the property for $22.1 million in 2011.

66. Fogelman Affiliate Files Loan on Former Cozymel’s Site -

6450 Poplar Ave.
Memphis, TN 38119
Loan Amount: $6.1 million

Loan Date: Dec. 17, 2014
Maturity Date: Jan. 1, 2023
Borrower: Crown Centre LLC
Lender: Financial Federal Bank
Details: A company affiliated with Robert F. Fogelman II has filed a loan on a key piece of East Memphis land.

67. Cordova Hotel Sells for $2.5 Million -

A Microtel Inn & Suites in Cordova has sold for $2.5 million.

Shiv Sai Ram LLC purchased the 66-room, three-story hotel at 2423 N. Germantown Parkway from Link-Paras LLC, according to a Dec. 15 warranty deed. The purchase price breaks down to around $37,878 per room.

68. St. Louis Fed Updates Memphis Board -

The Federal Reserve Bank of St. Louis has announced some changes to the board of directors of its Memphis branch, effective Jan. 1.

69. St. Louis Fed Updates Memphis Board -

The Federal Reserve Bank of St. Louis has announced some changes to the board of directors of its Memphis branch, effective Jan. 1.

70. Cordova Hotel Sells for $2.5 Million -

A Microtel Inn & Suites in Cordova has sold for $2.5 million.

Shiv Sai Ram LLC purchased the 66-room, three-story hotel at 2423 N. Germantown Parkway from Link-Paras LLC, according to a Dec. 15 warranty deed. The purchase price breaks down to around $37,878 per room.

71. Two In-Rel Properties Fetch $16.8 Million -

6263 Poplar Ave. and
2670 Union Ave. Extended
Memphis, TN

72. Expanding East -

Tamp & Tap, the name of the popular Downtown coffee shop and restaurant, is an allusion to both espresso – which is tamped for compression before going into the machine – and also kegs of beer, which are tapped.

73. November Mortgage Volume Drops 14 Percent -

Looking at results from last month might suggest mortgage industry professionals are in the midst of a yearend slowdown, with phones not ringing quite as much as a result of interested buyers at the moment.

74. Milhaus Acquires Highland Row Property -

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

75. Greater Imani Buys Broadmoor Property -

Greater Imani Baptist Church has purchased property from Broadmoor Baptist Church for $1.6 million.

Greater Imani acquired the Broadmoor property at 3824 Austin Peay Highway, according to a Nov. 3 warranty deed. Greater Imani filed a $2 million loan with Citizens Savings Bank and Trust Co. in conjunction with the purchase, according to a deed of trust filed the same day. William A. Adkins Jr., board president for Greater Imani, signed the deed of trust.

76. Greater Imani Church Buys Broadmoor Property -

Greater Imani Baptist Church has purchased property from Broadmoor Baptist Church for $1.6 million.

Greater Imani acquired the Broadmoor property at 3824 Austin Peay Highway, according to a Nov. 3 warranty deed. Greater Imani filed a $2 million loan with Citizens Savings Bank and Trust Co. in conjunction with the purchase, according to a deed of trust filed the same day. William A. Adkins Jr., board president for Greater Imani, signed the deed of trust.

77. Lynnfield Place Apartments Sell for $22.4 Million -

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

Sale Date: Nov. 7, 2014
Buyer: Lynnfield Apartments LLC
Seller: Lynnfield Holdings LLC
Loan Amount: $20 million
Loan Date: Nov. 3, 2014
Borrower: Lynnfield Apartments LLC
Lender: Arbor Commercial Funding LLC
Details: The Lynnfield Place apartment community in East Memphis has sold for $22.4 million.

78. Collierville Daycares Sell for $4.4 Million -

Two Collierville daycare centers have sold for a combined $4.4 million.

SDK Properties LLC sold the center at 105 Crescent Drive to Store Master Funding VII LLC for $2.5 million and the center at 1649 S. Shea Road to the same entity for $1.8 million, according to warranty deeds filed Nov. 14. The buyer, Store Master Funding VII LLC, is an affiliate of Scottsdale, Ariz.-based real estate investment trust STORE Capital. The centers operate as Kid Tech #1 and Kid Tech #2.

79. Collierville Daycares Sell for $4.4 Million -

Two Collierville daycare centers have sold for a combined $4.4 million.

SDK Properties LLC sold the center at 105 Crescent Drive to Store Master Funding VII LLC for $2.5 million and the center at 1649 S. Shea Road to the same entity for $1.8 million, according to warranty deeds filed Nov. 14. The buyer, Store Master Funding VII LLC, is an affiliate of Scottsdale, Ariz.-based real estate investment trust STORE Capital. The centers operate as Kid Tech #1 and Kid Tech #2.

80. Shelby County Mortgage Volume Up 2 Percent -

When Patriot Bank executive vice president Keith Barger surveys the local mortgage lending landscape, he sees demand improving and homebuyers increasingly flocking – successfully – to bargains in the housing market.

81. Commercial Sales Rise in Third Quarter -

Commercial sales were up in the third quarter when compared to the same period last year, according to real estate information company Chandler Reports, www.chandlerreports.com.

82. Sears Secures $7.3 Million Loan on East Memphis Store -

The parent company of Sears has taken out a $7.3 million loan on the store at 4570 Poplar Ave. in East Memphis, part of a broader effort to pump hundreds of millions into the struggling retailer.

83. Trustmark Sees Third-Quarter Net Income Gain -

Trustmark Corp.’s just-ended third quarter saw the bank grow its net income slightly.

The bank reported $33.6 million of net income, up 2 percent from the prior quarter and third quarter of 2013. During the first nine months of 2014, Trustmark’s net income totaled $95.5 million, up 6 percent from the prior year.

84. Trustmark Sees Third-Quarter Net Income Gain -

Trustmark Corp.’s just-ended third quarter saw the bank grow its net income slightly.

The bank reported $33.6 million of net income, up 2 percent from the prior quarter and third quarter of 2013. During the first nine months of 2014, Trustmark’s net income totaled $95.5 million, up 6 percent from the prior year.

85. CWCapital Sheds Willow Lake Buildings -

3900, 4100 Willow Lake Blvd.
Memphis, TN 38118
Sale Amount: $1.9 million

86. Sears Secures $7.3 Million Loan on East Memphis Store -

The parent company of Sears has taken out a $7.3 million loan on the store at 4570 Poplar Ave. in East Memphis, part of a broader effort to pump hundreds of millions into the struggling retailer.

87. I Choose Memphis: Edward C-W Harper IV -

“I Choose Memphis” spotlights Memphians who are passionate about calling this community home. New Memphis Institute provides the profiles.

Name: Edward C-W Harper IV

88. Alexander vs. Ball -

Lamar Alexander and Gordon Ball were on the same campaign trail but different races at about this time 36 years ago.

89. Recruiter’s Career Twist -

Ask Janet Miller about her remarkable career at the Nashville Area Chamber of Commerce and she’ll likely attribute it to good timing or pass credit onto others.

90. Acura of Memphis Owner Buys Dealership, Land -

2611 Ridgeway Road, 6055-6085 Acura Cove
Memphis, TN 38119
Sale Amount: $12.4 million

91. 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.

92. McNeill Seeks Permits for Germantown Medical Offices -

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

93. Financial Elements of the Innovation Process -

Innovation is a saturated field, but one with a hole in it. Many companies can generate thousands of potentially valuable ideas, but have no accepted cultural method for placing a value on them.

Many of these same companies can do Wicked Thinking, block out Business Model Canvases, and follow a Design Thinking Sprint, but they lack credible and concrete thinking about the financial side of their innovation concepts as the front-end process is progressing.

94. 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.

95. 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.

96. ‘Cutting Edge’ -

The first thing to understand about the task that Opera Memphis general director Ned Canty feels is before him is that he’s not leading a music organization that competes only with other music outlets and venues for audiences’ attention.

97. Pain Treatment Center to Open Second Locale -

Comprehensive Pain Specialists, a national player in the field of medical pain treatment centers from Nashville, has signed a lease for 4,713 square feet in Healthcare Realty Trust’s building at 8000 Wolf River Blvd.

98. Shelby County Mortgage Market Down 19 Percent in August -

BankTennessee president and CEO Jim Rout sees new home sales and resales “fairly steady” at the moment.

But, in a common refrain among many local bankers looking at their recent numbers, the activity is not at the level that might be expected, considering still-historic low interest rates.

99. Indmar Marine Engines Files Expansion Permit -

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

100. Hot Yoga Plus Expands in Memphis -

Hot Yoga Plus, a Nashville-based yoga concept, is opening a second Memphis area location.

Hot Yoga Plus, founded by Memphian Susannah Herring, has signed a 2,015-square-foot lease at 9037 Poplar Ave. in Germantown. The new store is expected to open this fall and follows the original Memphis location in Laurelwood.