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Editorial Results (free)

1. Storage Facility Foreclosed After $3.4 Million Loan Default -

The 10-building, 85,390-square-foot American Mini Storage facility at 7399 U.S. 64 in Northeast Memphis is facing foreclosure, according to a first-run foreclosure notice in the Thursday, May 23, edition of The Daily News.

2. Changing Current -

The Uptown waterfront along the Wolf River Harbor – the area of the rejuvenated Uptown neighborhood that has for the most part been left out of the revitalization – could soon become a bustling waterfront village, according to a recently released master plan for the area.

3. Teaching New Dogs Timeless Tricks -

You might say that I’m a veteran in the real estate industry. A half a century in the business probably earns me that title. Much has changed since my uncle Russel Wilkinson and partner Robert Snowden founded Wilkinson & Snowden in 1946, the predecessor company to today’s Colliers International office in Memphis. In fact, Russel and Bob were the first to develop industrial real estate of any consequence here. Today there are more than 220 million square feet of industrial space in the Memphis metropolitan market.

4. Medlock Takes Talents From Soccer Field to Courtroom -

After graduating from Germantown High School, Steven Medlock left Memphis for the bluegrass of Western Kentucky University.

5. Oakhaven Warehouse Sells After Foreclosure -

4120 Air Trans Road, Memphis, TN 38118

Sale Amount: $2.5 million

Sale Date: May 7, 2013

6. City Enticing FBI to Move Downtown -

City leaders are attempting to bring the FBI Downtown. The FBI is searching for a significant amount of office space, and local leaders, including U.S. Rep. Steve Cohen, D-Memphis, are urging the law enforcement agency to locate Downtown.

7. Record Profit Signals Healthier Fannie Mae -

WASHINGTON (AP) – Fannie Mae said something Thursday that would have been unthinkable a few years ago: It earned a record $58.7 billion profit in the January-March quarter.

And it made clear it's on the cusp of repaying taxpayers for one of the most expensive bailouts of a single company in the financial crisis.

8. Oakhaven Warehouse Sells After Foreclosure -

The 224,749-square-foot warehouse at 4120 Air Trans Road in Oakhaven has sold for $2.5 million following a foreclosure.

9. Mortgages Near $107 Million in April -

From where he sits, Renaissance Realty’s Jeff Jenkins is optimistic that 2013 will be a fruitful one for the local real estate industry.

10. 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.

11. Late-Payment Rate on Mortgages Tumbled in First Quarter -

LOS ANGELES (AP) – A resurgent housing market, rising home values and steady job gains are helping more U.S. homeowners stay on top of their mortgage payments.

The percentage of mortgage holders at least two months behind on their payments fell by 21 percent in the first three months of this year versus the same period in 2012, credit reporting agency TransUnion said Wednesday.

12. Ruling Affects Tennessee Open Records Law -

The Tennessee Open Records Law is one of several state laws upheld in a recent U.S. Supreme Court ruling for its limitations on requests for public records by those who live outside of the state in question.

13. 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

14. Earles’ Company Helps Homeowners ‘From A to Z’ -

Working as a Realtor for the first 19 years of her career, Paige Earles learned the value of home staging.

“Research shows a property spends about 78 percent less time on the market if it is staged versus not staged,” said Earles, owner of Pearle Staging & Design, which recently expanded into Memphis. “The benefits of staging are pretty tremendous.”

15. Obama Nominates Pritzker, Froman for Economic Jobs -

WASHINGTON (AP) – President Barack Obama on Thursday chose two old friends with corporate executive experience for top posts on his economic team, naming longtime fundraiser Penny Pritzker as Commerce secretary and adviser Michael Froman as U.S. Trade Representative.

16. The No-Growth Rally -

Over 200 S&P 500 companies have now reported earnings. While 70 percent or so have beaten expectations, the blended earnings growth rate has basically flat lined. Using revenues as a purer gauge adds little encouragement. Revenues have also flat lined over the last year. Without an uptick in global economic activity or the ability to pass on price increases to customers, US earnings look winded. How can the rally persist without growth?

17. US Home Prices Up Most in Nearly 7 Years -

WASHINGTON (AP) – U.S. home prices rose 9.3 percent in February compared with a year ago, the most in nearly seven years. The gains were driven by a growing number of buyers who bid on a limited supply of homes.

18. Briglia Joins Archer-Malmo as Web/Broadcast Artist -

Kristen Briglia has joined archer-malmo as web/broadcast turbo artist. In her new role, Briglia will produce web graphics, HTML and video-editing services for the growing digital and broadcast departments, and will also help on print projects as needed.

19. E-Strategy for Retailers -

A couple of weeks ago, my colleague Andy Cates penned an article regarding the impact of e-commerce on distribution and industrial real estate. If you think about it, regardless of the channel you use to buy, the item you purchase still has to get from seller to buyer in some manner. From a distribution perspective, as more people order online rather than shop in retail stores, more distribution is moving to direct-to-consumer and that will have an impact on distribution strategy. So what about the impact from the retail perspective? What is the future of the physical retail store?

20. Magna Intent on Raising Profile, Enhancing Services -

This year is turning out to be a big one for Magna Bank as it rolls out new products and services, adds key personnel and boosts its profile across the Mid-South.

21. Capital Requirement -

In early April, U.S. Sen. Bob Corker, R-Tenn., joined a handful of other senators in drafting a letter in part about new rules of the road governing bank capital requirements.

That letter was sent to Federal Reserve Gov. Daniel Tarullo, Comptroller of the Currency Thomas Curry and Federal Deposit Insurance Corp. Chairman Martin Gruenberg.

22. CRG2 CEO Singer Named Women’s Biz Enterprise Star -

Mary Singer, CEO of CRG2 SustainableSolutions, has been named a 2013 Women’s Business Enterprise Star by the Women’s Business Enterprise National Council. She was chosen by Women’s Business Council South, one of the national organization’s 14 regional partner organizations.

23. Commercial Practitioners Have Voice With Council -

The Memphis Area Association of Realtors Commercial Council has grown and evolved over the past nine years since its inception, with membership increasing from 150 members in 2004 to more than 350 members this year.

24. Chamber Prepares to Celebrate 175 Years -

Despite arriving this year at the ripe old age of 175, the Greater Memphis Chamber still has a spring in its step.

When the chamber blows out the candles, so to speak, during its milestone bash Friday, April 12, at the Memphis Brooks Museum of Art, the event will underscore the organization’s storied history, which predates the Civil War. This year also sees the continuation of the chamber’s push to be more of a civic force in the community, helping to bring together government and private businesses.

25. US Service Firms Grow More Slowly, Hiring Weakens -

WASHINGTON (AP) – Two reports Wednesday showed that U.S. service companies grew more slowly in March and private employers pulled back on hiring. The declines suggest businesses may have grown more cautious last month after federal spending cuts took effect.

26. Council OKs Registry for Blighted Properties -

For months, Memphis Mayor A C Wharton Jr. and the Memphis City Council had delayed final votes on his proposal to require the registration of property to make it easier for the city to find the owners of blighted property.

27. Panther Properties Buys Two Cordova Apartments -

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

28. Obama Pitches Public Works Spending to Create Jobs -

MIAMI (AP) – Trying to show that the economy remains a top priority, President Barack Obama promoted a plan Friday to create construction and other jobs by attracting private money to help rebuild roads, bridges and other public works projects.

29. Bank Sets $500 Million Loan Fund for Mississippi Firms -

RIDGELAND, Miss. (AP) – BancorpSouth Inc. is setting aside a $500 million loan fund aimed at Mississippi businesses, saying it will work with state officials to find qualified borrowers.

30. Berclair Dollar General Sells for Almost $1 Million -

3443 Jackson Ave., Memphis, TN 38122

Sale Amount: $971,000
Sale Date: March 14, 2013
Buyer: VM Property Investments LLC
Seller: Ware Properties LLC
Loan Amount: $679,700
Loan Date: March 14, 2013
Maturity Date: N/A
Lender: US Bank NA
Details: The 9,160-square-foot Dollar General store at 3433 Jackson Ave. in Berclair has sold for $971,000.

31. Fashion Philanthropy -

Not many companies can say their customer base includes Sheryl Crow, JJ Grey and Mofro, Robert Plant, Brandi Carlile and Grace Potter.

32. March 22-28: This Week in Memphis History -

1968: 16.1 inches of snow fell on the city of Memphis, cancelling plans for striking city sanitation workers to march with Dr. Martin Luther King Jr. at the front of their ranks from Clayborn Temple to City Hall. King would return to the city to lead the march on March 28, a march that would end before it got to City Hall from Clayborn Temple because of violence. The violent end of that march would prompt King to return to the city to lead another march April 5.

33. Boyle Celebrates 80 Years, Sponsors Art Exhibit -

Boyle Investment Co. turns 80 this year, and has partnered with the Memphis Brooks Museum of Art to celebrate.

34. Holtzclaw on Front Line of Myriad Real Estate Projects -

Anna Holtzclaw’s footprint is on property all over Memphis.

Since 2001, the real estate marketing entrepreneur has worked to promote properties developed and designed by the likes of the Henry Turley Co., LRK Inc. and Loeb Properties Inc.

35. Reappraisal to Impact Office Market -

For the first time in history, the property value of the once-every-four-year reappraisal is going down, and it has some commercial real estate property owners concerned.

Although how much the value decreases won’t be official until April 20, the first formal notices of 2013 Shelby County property values for taxation purposes were mailed at the beginning of this month to owners of commercial and industrial cost properties.

36. The Panama Effect -

The expansion of the Panama Canal will affect the supply chain of businesses across the country, including those involved in Memphis industrial real estate.

The 48-mile Panama Canal connects the Pacific Ocean to the Atlantic Ocean through the Caribbean Sea. The $5.2 billion expansion will allow bigger container ships through the canal, providing a more efficient way of moving a large number of containers.

37. Mortgage Activity Slows in February -

Mortgage activity in Shelby County began 2013 by shifting into a higher gear, but someone tapped the brakes in February.

Total mortgage volume countywide had started the year showing double-digit percentage growth over the same period one year earlier. But in February, volume was up just 1 percent over the same month in 2012.

38. Fed Study Supports Community Banking -

A new study out from the Federal Reserve Bank of St. Louis underscores one reason most banks in the Memphis area are smaller, community institutions.

39. FedEx Headquarters Building Sells for $22.6 Million -

942 S. Shady Grove Road Memphis, TN 38119

Sale Amount: $22.6 million

Sale Date: Feb. 21, 2013

40. 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.

41. Patterson Warehouses Adds Space -

Patterson Warehouses Inc. is boosting its longtime local presence with a new lease in DeSoto County.

The renowned player in Memphis’ third-party logistics industry is leasing 237,952 square feet of Class A space in Marathon Distribution Center, 295 Marathon Way in Southaven.

42. ‘Bad Cop’ McCormick Tries to Rein in Fellow Republicans -

State Rep. Gerald McCormick, R-Chattanooga, said he sometimes has “to play the bad cop.”

43. US Service Firms Grow at Fastest Pace in a Year -

U.S. service companies grew in February at the fastest pace in a year, buoyed by higher sales, more new orders and solid job growth.

The gain suggests higher taxes have yet to slow consumer spending on services.

44. Lower Property Values Sink Revenues -

The first formal notices of 2013 Shelby County property values in the once-every-four-years reappraisal for taxation purposes were mailed Monday, March 4, to owners of commercial and industrial cost properties as well as homeowners in Hickory Hill, Whitehaven and parts of Southwest Memphis.

45. Olymbec USA LLC Buys Again in Memphis -

Olymbec USA LLC has acquired 40,000 square feet of land and three small shed buildings totaling 12,000 square feet at 373 W. Brooks Road through a January auction from the Estate of George E. Smith for $50,600.

46. Marston Group Grows Globally, Locally -

A growing accounting and finance firm is going global and local at the same time.

While The Marston Group’s clients branch outward, its members share a wealth of business experience with future business leaders here at home.

47. Changing Times -

After a four-decade existence, the Morgan Keegan name has been retired.

The announcement Raymond James Financial Inc. is dropping the Morgan Keegan name was made during Raymond James’ first quarter earnings conference call last month. Raymond James CEO Paul Reilly was giving analysts listening to the call an update on the firm’s acquisition of the Memphis investment firm last year and its integration since then.

48. South Main’s New Life -

The history of the South Main Historic Arts District is as colorful as its present-day users, an alternating rhythm of sorts in Memphis’ songbook.

The area has oscillated from its ritzy suburban roots of the 1800s to the industrial era ghost town of the 20th century and now to its current status as Downtown’s flourishing arts and boutique district and the subject of some $100 million in investment. And it’s all due to stakeholders who braved the status quo in distinguishing the southern end of the Central Business District as that funky place with an indescribable vibe.

49. Olymbec USA LLC Buys Again in Memphis -

Olymbec USA LLC has acquired 40,000 square feet of land and three small shed buildings totaling 12,000 square feet at 373 W. Brooks Road through a January auction from the Estate of George E. Smith for $50,600.

50. Turley: ‘You Can Be Somebody in Memphis’ -

Years after Henry Turley experienced the Memphis sanitation workers’ strike and the aftermath of Martin Luther King Jr.’s assassination, took advantage of the Community Reinvestment Act and persuaded banks to reinvest in the Downtown core, not to mention spearheaded revitalization in the Harbor Town and Uptown areas, he’s making a “micro bet” on building nice neighborhoods around excellent schools.

51. Breaking the Mold -

When Rosemarie Fair was named Broker of the Year in investment sales at last year’s Pinnacle Awards, she became the first woman ever to do so.

Before Fair founded One Source Commercial Inc. in 1993, she worked with Carlisle Corp. in the early 1980s on Beale Street Landing Downtown. She remembers often what her mentor Gene Carlisle taught her – “Somebody will take care of the big stuff, it’s the nickels and dimes that make the difference.”

52. Blazing a Trail -

Susan Stephenson is one of the most accomplished and highly visible women in the Memphis business community. She is the co-founder of Independent Bank, the city’s second-largest bank as ranked by assets and one that largely steered clear of the mortgage mess that dogged competitors during the financial bust.

53. J-Line Pump Growing in Collierville -

A local pumping equipment manufacturer is increasing its presence in the Collierville market. 

J-Line Pump Co., doing business as American-Marsh Pumps, bought the 81,260-square-foot warehouse on 12.4 acres at 550 E. South St. for $1.4 million. This will be in addition to the adjoining 110,000-square-foot warehouse at 185 Progress Road the company has occupied since 1999.

54. US Housing Starts Dip but Remain at Solid Pace -

WASHINGTON (AP) – U.S. homebuilders began work at a slower pace in January than in December. But all of the drop occurred in the volatile area of apartment construction, which sank 24 percent. By contrast, the rate of single-family homebuilding rose 0.8 percent.

55. Hand Family Files Loan on Local Properties -

45 W. E.H. Crump Blvd.
Memphis, TN 38106
Loan Amount: $3.2 million

Loan Date: Feb. 4, 2013
Maturity Date: N/A
Borrower: The Hand Family Realty Co. LLC
Lender: JPMorgan Chase Bank NA
Details: The Hand Family Realty Co. LLC has filed a $3.2 million loan on its Memphis portfolio, including the Anheuser-Busch distribution facility at 45 W. E.H. Crump Blvd. south of Downtown.

56. Events -

The Booksellers at Laurelwood will host former Vice President Al Gore, signing “The Future: Six Drivers of Global Change,” Monday, Feb. 18, at noon at the bookstore, 387 Perkins Road Extended. Visit thebooksellersatlaurelwood.com.

57. Arlington Sonic Owner Files Loan on Property -

The owner of the recently built Sonic drive-in restaurant at 6101 Airline Road in Arlington has filed a $1.2 million loan on the property.

58. Ramsey Steered to the Right by Harvey, Reagan -

Lt. Gov. Ron Ramsey has one issue that has drawn little attention that he wants to pass through this session of the legislature: redrawing the state’s judicial districts.

59. Reardon Cautions Downtowners About Heritage Trail -

The University of Memphis professor spearheading the opposition of demolishing the city’s last remaining public housing project in the Vance Avenue neighborhood says that while the Heritage Trail Community Redevelopment Plan appears to be on “indefinite hold,” it is not dead, and Downtowners should beware.

60. Events -

Kiwanis Club of Memphis will meet Wednesday, Feb. 13, from noon to 1 p.m. at The University Club of Memphis, 1346 Central Ave. Lucy Shaw will discuss the Bridges Out of Poverty program. Cost is $18 for nonmembers.

61. Soul Fish to Open in Wolf Camera Spot on Poplar -

Soul Fish Café has selected a prime piece of real estate in East Memphis for its third location.

The catfish and Southern-inspired restaurant has signed a lease for the old Wolf Camera space in the Poplar Avenue/Perkins Road corridor. The 3,100-square-foot freestanding building at 4720 Poplar Ave. will mark Soul Fish’s third location in Memphis, behind its original spot in Midtown’s Cooper-Young district and its Germantown location near Forest Hill-Irene Road.

62. Soul Fish to Open in Old Wolf Camera at Poplar and Perkins -

Soul Fish Café has selected a prime piece of real estate in East Memphis for its third location.

The catfish and Southern-inspired restaurant has signed a lease for the old Wolf Camera space in the Poplar Avenue/Perkins Road corridor. The 3,100-square-foot freestanding building at 4720 Poplar Ave. will mark Soul Fish’s third location in Memphis, behind its original spot in Midtown’s Cooper-Young district and its Germantown store near Forest Hill-Irene Road.

63. Expert: Memphis Has Big Story to Tell -

Memphis area commercial real estate brokers were not only brought up to speed on the latest numbers and trends Thursday, Feb. 7, at the Memphis Area Association of Realtors Commercial Property Forecast Summit – they were also briefed on how to tweak their marketing strategy to recruit business by a former executive with the Federal Reserve.

64. Lawrence’s Background a Fit for Work at EDGE -

It might be said that John Lawrence has a background made to order for looking at the big picture – one of real estate, urban planning, marketing and organization management. Through the course of various career moves, he’s developed the tools necessary for the use in his position as manager of strategic economic development planning for Memphis and Shelby County’s Economic Development Growth Engine (EDGE).

65. Forsythe Appraisals Opens Memphis Office -

St. Paul, Minn.-based Forsythe Appraisals LLC, the largest independent provider of residential real estate appraisals in the U.S., has opened a Memphis branch office, managed by Chuck Seagle.

66. Forsythe Appraisals Opens Memphis Office -

St. Paul, Minn.-based Forsythe Appraisals LLC, the largest independent provider of residential real estate appraisals in the U.S., has opened a Memphis branch office, managed by Chuck Seagle.

67. US Sues Standard & Poor's Over Pre-Crisis Mortgage Ratings -

WASHINGTON (AP) – The U.S. government says Standard & Poor's knowingly inflated its ratings on risky mortgage investments that helped trigger the 2008 financial crisis.

The credit rating agency gave high marks to mortgage-backed securities because it wanted to earn more business from the banks that issued the investments, the Justice Department alleges in charges filed in federal court in Los Angeles .

68. Economic Development Through Entrepreneurism -

Last week we visited downtown Las Vegas to tour and learn more about what Zappos founder Tony Hsieh is doing to stimulate entrepreneurial activity and urban revitalization through his Downtown Project initiative. Hsieh is personally investing $350 million to transform downtown Las Vegas into the most community-focused large city in the world in less than five years.

69. US Home Prices Rose Last Year by Most in 6.5 Years -

WASHINGTON (AP) – U.S. home prices jumped by the most in 6.5 years in December, spurred by a low supply of available homes and rising demand.

Home prices rose 8.3 percent in December compared with a year earlier, according to a report Tuesday from CoreLogic, a real estate data provider. That is the biggest annual gain since May 2006. Prices rose last year in 46 of 50 states.

70. Events -

IHOP will hold National Pancake Day events to benefit Children’s Miracle Network Hospitals Tuesday, Feb. 5, from 7 a.m. to 10 p.m. at restaurants across the U.S. Guests will receive a complimentary stack of pancakes and are asked to make a voluntary donation to the charity. Visit ihoppancakeday.com.

71. New Executive Director Tapped for Economic Club -

The Economic Club of Memphis has a new executive director.

Dr. Christine Jiang succeeds Dr. David Kemme as executive director of the club. She begins her duties immediately.

72. Filling the Voids -

Last year was a banner year for adaptive reuse projects in Midtown and Downtown.

Developers announced plans for the Sears Crosstown building, Overton Square, Hotel Chisca, James Lee House and old United Warehouse in the South Main Historic Arts District. Construction began on The Pyramid, turning it into a 220,000-square-foot mega-Bass Pro Shop Outdoor World, and Memphis in May moved into its new headquarters at 56 S. Front St., a 14,600-square-foot building that’s on the National Register of Historic Places.

73. Archer-Malmo Grows Again With Lease Expansion -

Archer-malmo has inked an additional 3,000 square feet in the Cotton Exchange Building, bringing its total footprint in the historic 12-story Downtown tower to 41,277 square feet across six floors.

74. Fed Says Growth Pause Temporary, Keeps Up Stimulus -

WASHINGTON (AP) – The Federal Reserve said Wednesday that the U.S. economy "paused" in recent months because of temporary factors and reaffirmed its commitment to try to stimulate growth by keeping borrowing cheap for the foreseeable future.

75. Creative Space -

By the time Crosstown Arts occupies space in the 1.5 million-square-foot Sears Crosstown building, it will have completed a solid test run of promoting arts-based community and economic development in Midtown.

76. Gowen Named Marketing Head at Renshaw Property Management -

Kellyn Gowen has joined Renshaw Property Management as marketing coordinator. In her new role, Gowen manages social media, marketing and communications for the company’s 800 Mid-South rental properties, serves as a liaison for property owners and real estate agents, and spearheads marketing efforts for vacant properties.

77. Immigration Reform on Horizon -

November’s presidential election clarified a need for bipartisan immigration reform; Republican intransigence on this issue melted away as they watched about 71 percent of Latinos vote in favor of the Democratic candidate.

78. CREW Memphis Hosts National Leadership Summit -

The 2013 Commercial Real Estate Women Network National Winter Leadership Summit and Council Meeting will take place this week at The Peabody hotel, as women in the industry network, learn more about Memphis and help the local chapter build its brand within the Memphis-area market.

79. New Executive Director Tapped for Economic Club -

The Economic Club of Memphis has a new executive director.

Dr. Christine Jiang succeeds Dr. David Kemme as executive director of the club. She begins her duties immediately.

80. BenchMark to Relocate, Restructure -

BenchMark at Southwind Realtors LLC will soon relocate its Southeast Memphis office, add agents, integrate technology into its business practices and go paperless in one fell swoop.

81. Transcripts Show Fed Underestimated Crisis in 2007 -

WASHINGTON (AP) – Federal Reserve officials in 2007 underestimated the scope of the approaching financial crisis and how it would tip the U.S. economy into the worst recession since the Great Depression, transcripts of the Fed's policy meetings that year show.

82. Analyzing the Season -

Holiday Retail Sales: Ho Ho Hum or Ho-Ho-Ho? National retail results are in and, according to the International Council of Shopping Centers (ICSC), when all was bought and wrapped, year-over-year sales increased by 4.5 percent in December and 3.1 percent for the overall holiday season. While that’s pretty much on target with projections, it was the pace of sales that made this year a bit different.

83. City, Bass Pro File Permits for Pyramid Renovations -

1 A.W. Willis Memphis, TN 38105

Permit Costs: $21.5 million; $7 million

Project Cost: TBA

Permit Date: Applied January 2013

Completion: TBA

Owner: City of Memphis

84. Victory Packaging Relocates to Memphis -

Victory Packaging soon will relocate its entire Southaven branch operation to the Southeast Memphis industrial submarket.

The Houston, Texas-based industrial packaging supplier and distributor inked 158,333 square feet in Shelby Air Park Building 1, 4500 Malone Road. The 475,000-square-foot building also houses Terminal Warehouse Inc.

85. Wolfchase Hooters Sells for $2.8 Million -

An affiliate of Scottsdale, Ariz.-based real estate investment trust STORE Capital has bought another Wolfchase-area restaurant.

STORE Master Funding II LLC – whose name stands for Single Tenant Operational Real Estate – paid $2.8 million for the Hooters of Memphis-Wolfchase restaurant at 2838 New Brunswick Road, south of U.S. 64 near Wolfchase Galleria.

86. Firebirds Wood Fired Grill in Bartlett Sells for $2.1 Million -

An affiliate of Scottsdale, Ariz.-based STORE Capital has paid $2.1 million for the Firebirds Wood Fired Grill at 8470 U.S. (Highway) 64 in Bartlett.

The entity, STORE Master Funding II LLC, bought the 7,168-square-foot restaurant in a Dec. 28 special warranty deed from DMLD Building Group LLC of Charlotte, N.C.

87. Atlantic Track Grows Local Operations -

Bloomfield, N.J.-based Atlantic Track & Turnout Co. is expanding its Memphis operations with a 12,900-square-foot pre-engineered metal building addition with a bridge crane at 363 E. Bodley Ave.

88. US Still Faces Political Fights on Spending, Debt -

WASHINGTON (AP) – A last-minute deal will keep the U.S. from driving off the so-called "fiscal cliff," but higher taxes and continued political fighting in Washington threaten to shake the fragile economy well into 2013.

89. Local Politicians Split on Fiscal Cliff Bill -

There was only one vote for the American Taxpayer Relief bill Tuesday, Jan. 1, among the nine Tennesseans who represent the state in the U.S. House of Representatives.

U.S. Rep. Steve Cohen, D-Memphis, said he wasn’t happy with all of the agreement but voted for it because of the tax cuts it maintained.

90. Fewer US Banks Fail as Industry Strengthens -

WASHINGTON (AP) – U.S. banks ended 2012 with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They're helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.

91. Changing Market -

Much of 2012’s commercial real estate deals could be summed up in one of three phrases: speculative construction, institutional buyers and unusual transactions.

The first quarter was kicked off when Industrial Developments International Inc. revealed plans to add one build-to-suit and two speculative buildings in its Crossroads Distribution Center in Olive Branch – marking the area’s first spec construction since 2008.

92. Trustee to Hold Third Real Estate Road Show -

Shelby County Trustee David Lenoir is partnering with real estate information company Chandler Reports and the Community Development Council to present its third Real Estate Road Show Thursday, Jan. 3.

93. Southwind Homewood Suites Sells for $6.5 Million -

3583 Hacks Cross Road Memphis, TN 38125

Sale Amount: $6.5 million

Sale Date: Nov. 2, 2012

94. First National Expanding Into Memphis-Area Walmart Stores -

The New Year marks a major milestone for First National Realty Inc., as the Memphis-based residential real estate brokerage firm has plans to expand branch offices into 13 Walmart Supercenters in the Memphis metro area.

95. $1.3 Million Permit Filed for The Capital Grille -

Orlando, Fla.-based Darden Concepts Inc. has filed a $1.3 million permit application with the city-county Office of Construction Code Enforcement to build The Capital Grille on an outparcel of the Crescent Center in East Memphis.

96. Trustee to Hold Third Real Estate Road Show -

Shelby County Trustee David Lenoir is partnering with real estate information company Chandler Reports and the Community Development Council to present its third Real Estate Road Show Thursday, Jan. 3.

97. Bass Berry Law Firm Honored for Recent Deals -

The law firm of Bass, Berry & Sims PLC has won the mergers and acquisitions “deal of the year” award in the $50 million to $100 million category from M&A Advisors.

The deal for which Bass Berry won the award was announced earlier this year. It involved Luminex Corp. – a health care and life sciences research company – acquiring privately held GenturaDx, a molecular diagnostics company focused on making nucleic acid testing affordable and practical for any lab.

98. Utah Company Buys Avery Park Apartments -

An affiliate of Salt Lake City-based Property Asset Management Inc. has paid $5.2 million for the Avery Park Apartments at 4865 Raleigh LaGrange Road in Raleigh.

99. Milwaukee Electric Tool Building Bought by Monmouth for $28 Million -

Freehold, N.J.-based Monmouth Real Estate Investment Corp. has acquired the Milwaukee Electric Tool Corp. building at 12385 Crossroads Drive in Olive Branch for $28 million.

100. Midtown Momentum -

The Midtown real estate market has long been an anomaly compared to its Bluff City counterparts, with fundamentals as diverse as its demographics.

“The types of real estate that you’ll find in Midtown can be some of the most expensive or some of the most modest when it comes to prices and facility,” said Gary Myers of Gary Myers Co. “Retail in particular.”