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Editorial Results (free)

1. Chisca Rebirth -

As the Carlisle Corp. began to really delve into the guts of the old Chisca Hotel on Main Street, company officials discovered hidden gem after hidden gem.

2. US Home Price Gains Slow for Sixth Straight Month -

WASHINGTON (AP) — U.S. home prices rose in May from a year earlier at the weakest pace in 15 months as sales remain modest in the spring buying season.

The Standard & Poor's/Case-Shiller 20-city home price index, released Tuesday, increased 9.3 percent in May from 12 months earlier. That's down from 10.8 percent in the previous month and the smallest annual gain since February 2013.

3. Contracts to Buy US Homes Slip in June -

WASHINGTON (AP) — Fewer Americans signed contracts to buy homes in June, as the real estate market appears to have cooled off this summer.

The National Association of Realtors said Monday that its seasonally adjusted pending home sales index slipped 1.1 percent to 102.7 last month. The index remains 7.3 percent below its level a year ago.

4. US Companies Report Rising Sales, Employment -

Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new survey by the National Association for Business Economics.

5. Lot Shortage Poses Next Roadblock -

Local homebuilders say a dearth of developed lots is slowing down the new housing rebound, weighing down an industry still trying to drag itself out of the rubble left by the worst recession in decades.

6. Average US 30-Year Mortgage Rate at 4.13 Percent -

WASHINGTON (AP) – Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year.

Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan was 4.13 percent, unchanged from last week. The average for the 15-year mortgage, a popular choice for people who are refinancing, edged up to 3.26 percent from 3.23 percent last week.

7. US New-Home Sales Plummet in June -

WASHINGTON (AP) – Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy.

New home sales fell 8.1 percent last month to a seasonally adjusted annual rate of 406,000, the Commerce Department said Thursday. The report also revised down the May sales rate to 442,000 from 504,000.

8. Grizzlies Promote Wexler to Business Operations President -

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

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

9. Women Business Owners Face Gender Gap, Report Says -

NEW YORK (AP) – Women who own small business are still far behind their male counterparts when it comes to getting loans and government contracts, a congressional report said Wednesday.

10. US Companies Report Rising Sales, Employment -

Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new survey by the National Association for Business Economics.

11. Primacy Parkway Office Building Sells for $7 Million -

6060 Primacy Parkway
Memphis, TN 38119
Sale Amount: $6.9 million

Sale Date: June 27, 2014
Buyer: LSREF2 Newton LLC
Seller: Hub Properties Trust
Details: The 130,593-square-foot office building at 6060 Primacy Parkway in East Memphis has sold for $6.9 million.

12. Company Buys 30 Acres Of Land for $1.3 Million -

An affiliate of Lakeland-based real estate company WESSCORP Communities has paid $1.3 million for about 30 acres of vacant land in Northeast Memphis near Arlington.

The entity known as The Charleston HL Apartment Community LLC bought the two parcels – one totaling 29.6 acres and one totaling 0.1 acres – in a June 30 special warranty deed from First Alliance Bank.

13. Downside of Low US Mortgage Rates: Less Selling -

WASHINGTON (AP) — Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell.

14. Finding Forever Homes -

It isn’t that there are not compelling animal stories. There are.

In fact, visit the Humane Society of Memphis & Shelby County on Farm Road and those stories are just about everywhere, including in the administrative offices on the second floor, where two Labrador retrievers – Bambino and DeMarco – have run of the place.

15. Sharky's Closes Following Chapter 11 -

Sharky’s Gulf Grill, an upscale seafood establishment in East Memphis, has closed its doors.

Sharky's Gulf Grill LLC, which opened in 2009 and filed for Chapter 11 bankruptcy in April, closed the restaurant in the 6,300-square-foot building at 6201 Poplar Ave. in East Memphis, which is prime commercial real estate space.

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

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

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

17. ‘Significant Headwinds’ -

When Gov. Bill Haslam joined local economic development and civic officials at FedExForum in January to announce that Conduit Global would open a call center in Shelby County that would employ 1,000 people over the next three to five years, it provided a much-needed boost to the local office real estate sector.

18. Second-Quarter Scoreboards -

With central bank stimulus offsetting moribund economic data and geopolitical depressants, this market continues its low volume, low volatility ways. With the absence of news and trading strategies capturing our attention at the moment, let’s take a look back at the second quarter and identify the winners and losers.

19. Linkous Construction Never Wavered in Face of Recession -

As the real estate crash and Great Recession battered the construction industry, the leadership at Linkous Construction Co. made a strategic decision to keep its team intact and maintain the level of service the general contracting and construction management firm had become known for.

20. Tennessee Brewery Supporters Still Working to Save Building -

With an Aug. 1 demolition date looming, a group of Tennessee Brewery supporters is still working behind the scenes to save the historic structure from the wrecking ball.

Restaurateur Taylor Berger, a leader of the recent “Tennessee Brewery Untapped” temporary activation project that brought thousands of people to the brewery grounds over a six-week run, said his group has applied for a temporary use permit to launch a new version of an “Untapped”-style event at the brewery.

21. 32 States Trail US as a Whole in Job Recovery -

WASHINGTON (AP) – Five years after the Great Recession officially ended, most states still haven't regained all the jobs they lost, even though the nation as a whole has.

In May, the overall economy finally recovered all 9 million jobs that vanished in the worst downturn since the 1930s. Another month of solid hiring is expected in the U.S. jobs report for June that will be released Thursday.

22. Vacation Home – Is It Time to Buy? -

Ray’s take: It’s summertime and the vacation season is upon us. Sometimes, it sounds wonderful to own a beach or mountain getaway. Many Americans share that same dream – a “summer place” to enjoy and perhaps pass down through the generations.

23. CoreLogic: US Home Prices Rose More Slowly in May -

WASHINGTON (AP) – U.S. home prices rose in May compared with a year earlier, but the gains have slowed.

Data provider CoreLogic said Tuesday that prices increased 8.8 percent in May compared with 12 months earlier. The pace of gains has slowed as more homes have come onto the market, according to CoreLogic.

24. Charlotte Firm Buys Mendenhall Warehouse -

4517 S. Mendenhall Road
Memphis, TN 38141
Sale Amount: $1.4 million

Sale Date: June 24, 2014
Buyer: TKC CLXXIX LLC
Seller: Tenn Thom Realty LLC
Loan Amount: $1.1 million
Loan Date: June 24, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of Charlotte, N.C.-based real estate development firm The Keith Corp. has paid $1.4 million for the 14,650-square-foot warehouse at 4517 S. Mendenhall Road in Hickory Hill.

25. Building Permits Tumble 38 Percent in May -

Homebuilding activity slowed in May compared to a year ago, with builders filing fewer permits and selling fewer new homes than the same month last year.

Builders pulled 72 permits in Shelby County in May, down 38.4 percent from 117 permits in May 2013, according to real estate information company Chandler Reports, www.chandlerreports.com. The 72 permits filed by builders in May were up slightly from 68 permits filed in April.

26. US Home Building Declined 6.5 Percent in May -

WASHINGTON (AP) – The pace of U.S home construction slipped in May with many Americans still struggling to afford new houses.

Builders started work at a seasonally adjusted annual rate on 1.01 million homes last month, the Commerce Department said Tuesday. That was down 6.5 percent from 1.07 million in April.

27. Aren Investments Buys Winchester Haverty’s -

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

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

28. Many Seek New Homes Near Cities But are Priced Out -

WASHINGTON (AP) – City living has been a blessing for Tim Nelson.

The Phoenix lawyer moved downtown a few months ago into a new $389,000 home with a warehouse-style floor plan, a Jacuzzi tub and kitchen counters made of Caesarstone quartz. His favorite coffee spot is three blocks away. When the Arizona Diamondbacks play on Friday nights, he can watch postgame fireworks from his deck.

29. FAA OKs Commercial Drone Flights Over Land -

WASHINGTON (AP) – The Federal Aviation Administration said Tuesday it has granted the first permission for commercial drone flights over land, the latest effort by the agency to show it is loosening restrictions on commercial uses of the unmanned aircraft.

30. Steak 'n Shake Locations Sell for $5.5 Million -

The two Memphis Steak ’n Shake restaurants at 8477 U.S. 64 and 4199 Hacks Cross Road have sold for a combined $5.5 million.

31. Shops of Wolflake Sells for $3.8 Million -

2965 N. Germantown Road
Bartlett, TN 38133
Sale Amount: $3.8 million

Sale Date: May 20, 2014
Buyer: Bartlett Interests LLC
Seller: Pref Wolflake Partners GP
Details: The Shops of Wolflake retail strip center at 2965 N. Germantown Road in Bartlett has sold for $3.8 million.

32. Floyd Part of Relationship-Driven Team at Magna -

Banks may tout with increasing frequency their facility with the array of digital tools available today, but there is a downside to that trend as financial institutions race to catch up with their more mobile-oriented customers.

33. Untapped Proved Passion for History -

Once the last of the food trucks departed, the tables and chairs were packed away, the beer garden cleared out and supporters exited through the courtyard archway a final time, the Tennessee Brewery returned to what it’s been for decades.

34. Crye-Leike Removes Some Listings From Websites -

Memphis-based Crye-Leike Realtors Inc. is pulling its Little Rock and Hot Springs, Ark., listings from Zillow.com and Trulia.com, two of the Web’s biggest third-party listing services.

35. US New-Home Sales Rose 6.4 Percent in April -

Sales of U.S. new homes recovered in April after slumping in the previous two months. But Americans are still buying new homes at a slower pace than they did a year ago.

The Commerce Department said Friday that sales of new homes rose 6.4 percent last month to a seasonally adjusted annual rate of 433,000. That compares with an upwardly revised annual pace of 407,000 in March, when purchases fell 6.9 percent. Buying had dropped 4.4 percent in February, in part because of winter snowstorms.

36. US Home Prices Rise at Slower Rate in March -

U.S. home prices rose in March, but the gains are decelerating as fewer Americans can afford to buy.

The Standard & Poor’s/Case-Shiller 20-city home price index rose 12.4 percent in March compared with 12 months earlier. While healthy, that rate of growth has slowed from both February and January.

37. Change on Tap for Many Local Public Companies -

Here’s a snapshot of recent news and developments at some of the publicly traded companies based in Memphis, reflecting the influence these companies have and the shadows they cast both in Memphis and beyond, in industries that range from bioscience to banking.

38. FedEx Seeks Office Space as Needs Shift -

FedEx Corp. is currently looking for 25,000 square feet of office space in the Memphis market, according to several real estate brokers.

39. US Home Prices Rise at Slower Rate in March -

U.S. home prices rose in March, but the gains are decelerating as fewer Americans can afford to buy.

The Standard & Poor's/Case-Shiller 20-city home price index rose 12.4 percent in March compared with 12 months earlier. While healthy, that rate of growth has slowed from both February and January.

40. US New-Home Sales Rose 6.4 Percent in April -

Sales of U.S. new homes recovered in April after slumping in the previous two months. But Americans are still buying new homes at a slower pace than they did a year ago.

The Commerce Department said Friday that sales of new homes rose 6.4 percent last month to a seasonally adjusted annual rate of 433,000. That compares with an upwardly revised annual pace of 407,000 in March, when purchases fell 6.9 percent. Buying had dropped 4.4 percent in February, in part because of winter snowstorms.

41. Take Proper Steps Before Investing -

So you want to buy or sell an investment property?

I hear these words more often than you would think; sometimes from a client I know, sometimes a referral or other “new voice on the phone.”

42. US Home Sales Rose 1.3 Percent in April -

WASHINGTON (AP) – Sales of existing U.S. homes rebounded slightly in April, but the pace of buying remained below last year's level.

The National Association of Realtors said Thursday that sales rose 1.3 percent from March to a seasonally adjusted annual rate of 4.65 million. Purchases of homes over the past 12 months have dropped 6.8 percent.

43. Housing Debt Still Traps 10 Million Americans -

WASHINGTON (AP) – Nearly 10 million Americans remain financially trapped by homes worth less than their mortgage debts – an enduring drag on the U.S. economy almost seven years after the housing bust triggered the Great Recession.

44. Ashlar Hall Owner Hopeful for Building’s Rehab -

The owner of Ashlar Hall says he would like to pursue renovation of the Midtown mansion and hopes he can find multiple tenants to fill the rehabilitated building, which would help offset the cost of repairs.

45. US Home Building Climbed 13.2 Percent in April -

WASHINGTON (AP) – U.S home construction surged in April to its highest pace in five months. Almost all that increase came from the volatile apartment sector, a sign that Americans are still struggling to buy single-family homes.

46. Darden to Sell Red Lobster, Hold Onto Olive Garden -

NEW YORK (AP) – Darden is setting Red Lobster adrift, but betting that it can still turn around Olive Garden's fortunes.

The company, which is based in Orlando, Florida, said Friday that it would sell its seafood chain and the accompanying real estate to investment firm Golden Gate Capital in a $2.1 billion cash deal. The announcement came despite objections from some shareholders to the plan to separate Red Lobster, which was announced late last year.

47. Comic Convention Drops Ashlar Hall Plans -

The Memphis Comic and Fantasy Convention says it no longer wants to be part of Ashlar Hall’s future under terms proposed by the building’s current owner.

Joe Thordarson, founder of the fantasy convention, said disagreements over how much Ashlar Hall’s current owner, Kenny Medlin, wanted to charge in rent led him to withdraw from the process.

48. Bourland Heflin to Expand, Renovate Poplar Home -

A Memphis law firm is expanding its East Memphis office and improving public areas for clients and visitors.

Bourland Heflin Alvarez Minor & Matthews PLC renewed and expanded its lease in the 5400 Poplar Ave. office building.

49. Debt: Prepay or Let It Ride? -

Ray’s take: There was a time when debt was something to be proud of. It was the badge of progress and a good credit rating. 2008 made us all rethink the place of debt in our lives.

If you have debt, you should think carefully about keeping it or prepaying it.

50. Brewery’s Fate Unchanged Despite Untapped’s Success -

Tennessee Brewery Untapped, the festival-like celebration that’s turned the long-vacant brewery structure Downtown into a packed community space, is now roughly halfway through its six-week run.

Approaching the end arguably hasn’t served to diminish the enthusiasm of the crowds that still converge on the brewery’s courtyard and connected spaces each week of Untapped.

51. Average US 30-Year Mortgage Rate Falls to 4.21 Percent -

WASHINGTON (AP) – Average U.S. rates on fixed mortgages fell this week for a second straight week as the spring home-buying season has gotten off to a slow start.

Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year loan declined to 4.21 percent from 4.29 percent last week. The average for the 15-year mortgage eased to 3.32 percent from 3.38 percent.

52. Tile Shop Inks Lease for First Area Store -

A specialty retailer of high-quality tile will open its first location in Memphis later this year.

The Tile Shop is in the final stages of negotiating a roughly 20,000-square-foot lease at 1245 Germantown Parkway, between Cordova Road and Autumn Creek Drive, in the Germantown Square Shopping Center in Cordova, according to company representative Lindsey Rose.

53. Slowing Chinese Economy Likely to Pinch US, Too -

WASHINGTON (AP) – After watching China narrow the U.S. lead as the world's largest economy, Americans might be tempted to cheer signs that the Chinese economy might be stumbling.

Any schadenfreude would be short-sighted.

54. Shelby County Home Sales on the Rise -

Shelby County experienced a modest increase in home sales in April compared to the same month last year, but sales rose sharply from March and prices continued their upward surge.

Shelby County recorded 1,356 home sales in April, up 2 percent from the 1,335 homes sold in April 2013, according to real estate information company Chandler Reports, www.chandlerreports.com. However, the 1,356 homes sold in April is up 14 percent from the 1,192 homes sold in March, giving Realtors hope that the market is heating up along with the weather.

55. FedEx Consolidates Office Space -

For months, commercial real estate brokers have been watching closely for any signs that might hint at what FedEx Corp. and its subsidiaries will do with the hundreds of thousands of square feet of commercial space the Memphis-based company leases across the area.

56. Couple Find Business Love in Cordova Thrift Store -

Keith and Carol Choukalas had fallen in love. Not with each other – that was old business, happened years ago – but with Murray, Ky., home of Murray State University.

They had sent two of their children to MSU and they had a dream of moving to Murray, finding a business to buy, and living out the rest of their days near the lake. They had even bought a house.

57. Massey Looks to Grow CCIM Reach -

Shawn Massey is a commercial real estate broker by trade, but he has a burning passion for education.

Massey has co-founded a business-focused charter school in Frayser called Memphis Business Academy and he teaches a master’s level real estate class at the University of Memphis.

58. Eastgate Set for Possible Makeover -

A venerable shopping center in East Memphis could be getting a significant makeover, according to a recent retail market report from CB Richard Ellis Memphis.

Eastgate Center LLC, the owner of Eastgate Shopping Center at Park Avenue and White Station Road in East Memphis, could make significant aesthetic improvements to the retail center beginning this year.

59. Miles to Lead Germantown Community Theatre -

Michael D. Miles took over as executive director of Germantown Community Theatre Monday, April 28, about two weeks before the theater closes its 2013-2014 season with “A Funny Thing Happened on the Way to the Forum” May 16 to June 1.

60. A Fading Middle-Class Perk: Lower Mortgage Rates -

WASHINGTON (AP) – For three decades, the U.S. middle class enjoyed a rare financial advantage over the wealthy: lower mortgage rates.

Now, even that perk is fading away.

Most ordinary homebuyers are paying the same or higher rates than the fortunate few who can afford much more.

61. Sales of US Existing Homes Slip to 20-Month Low -

WASHINGTON (AP) – Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers.

62. Job Market for College Grads Better But Still Weak -

WASHINGTON (AP) – With college commencement ceremonies nearing, the government is offering a modest dose of good news for graduating seniors: The job market is brightening for new grads – a bit.

63. Cates, Kornegay Look to Future While Honoring Colliers’ Past -

The memory is scorched in Andy Cates’ mind.

It was 2005 and Cates, just 29 years old at the time, was being made a partner at Colliers International Memphis, the commercial real estate firm.

64. Is Hot Market for IPOs Cooling? -

NEW YORK (AP) – A hot market for initial public offerings may soon face a cooler reception from investors.

IPOs are having their best start to a year since 2000. Eighty-nine companies have raised $19 billion through sales of new stock so far in 2014. But demand for more offerings depends largely on the health of the broader market, and after last week's sell-off, the clamor from buyers may quiet down.

65. Enjoy the Brewery While It's Still Here -

I’ve been looking at the Tennessee Brewery for years. I used to have an office next door, and now from my agency’s current location, I can see its majestic, Romanesque arched windows towering over the South Main Arts District.

66. Growing Demand for US Apartments Pushing Up Rents -

These are good times for U.S. landlords. For many tenants, not so much.

With demand for apartments surging, rents are projected to rise for a fifth straight year. Even a pickup in apartment construction is unlikely to provide much relief anytime soon.

67. US Home Market: Few Buyers and Not Enough Sellers -

WASHINGTON (AP) – Entering the 2014 spring buying season, the U.S. housing market faces an unusual dilemma: Too few people are selling homes. Yet too few buyers can afford the homes that are for sale.

68. New Partners Sign On to Tennessee Brewery Effort -

This weekend, volunteers will return to the Tennessee Brewery property to continue getting it ready for Tennessee Brewery Untapped, a six-week series of community events that will run April 24 through June 1.

69. Owner of Air Trans Warehouse Files Loan -

The owner of the 224,749-square-foot warehouse at 4120 Air Trans Road in Oakhaven has filed a $3.8 million loan on the property.

70. US Home Prices Dip in January for 3rd Straight Month -

WASHINGTON (AP) – U.S. home prices dipped in January for a third straight month, likely because of slower sales in recent months caused by cold weather, a limited supply of homes and higher mortgage rates.

71. Stewart Joins Metal Museum as Collections Manager -

Grace Stewart has joined the Metal Museum as collections manager/registrar. Stewart, who previously served as registrar for the National Civil Rights Museum for a year and a half, says her goals are to help grow and define the Museum’s permanent collection and facilitate greater access to the collection through exhibits and education opportunities.

72. Richmond Honan Buys Quince Centre for $10 Million -

6555 Quince Road
Memphis, TN 38119
Sale Amount: $10.4 million
Sale Date: March 7, 2014

73. Cordova Staples Sells For $3.3 Million -

The 18,200-square-foot Staples store at 2321 N. Germantown Parkway has sold for $3.3 million.

74. Shelby County Mortgages Jump 12 Percent in February -

The latest monthly totals for Shelby County’s mortgage market show homebuying improved somewhat last month, with total mortgage volume up 12 percent compared to February 2013, according to real estate information company Chandler Reports,www.chandlerreports.com.

75. Average US 30-Year Mortgage Rate Slips to 4.28 Percent -

WASHINGTON (AP) – Average U.S. rates on fixed mortgages fell after three weeks of increases, edging closer to historically low levels.

Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan declined to 4.28 percent from 4.37 percent last week. The average for the 15-year mortgage fell to 3.32 percent from 3.39 percent.

76. US Service Sector Grew at Slower Pace in February -

WASHINGTON (AP) – U.S. service companies expanded more slowly in February as hiring levels declined in a cautionary sign for the economy coming out of winter.

The Institute for Supply Management said Wednesday that its service-sector index fell to 51.6 from 54 in January. Any reading above 50 indicates expansion.

77. 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.

78. US Home Prices Dip for Second Straight Month -

WASHINGTON (AP) – U.S. home prices fell for the second straight month in December as brutally cold weather, tight supply and higher costs slowed sales.

The Standard & Poor's/Case-Shiller 20-city home price index declined 0.1 percent from November to December, matching the previous month's decline. The index is not adjusted for seasonal variations, so the dip partly reflects slower buying as winter weather set in.

79. 30-Year Mortgage Rate Averaging 4.28 Percent -

The average U.S. rate on a 30-year fixed mortgage edged up this week to 4.28 percent from 4.23 percent but remains near historically low levels after declining during the five previous weeks.

Mortgage buyer Freddie Mac said Thursday that the average for the 15-year loan was unchanged at 3.33 percent.

80. 30-Year Mortgage Rate Averaging 4.28 Percent -

The average U.S. rate on a 30-year fixed mortgage edged up this week to 4.28 percent from 4.23 percent but remains near historically low levels after declining during the five previous weeks.

Mortgage buyer Freddie Mac said Thursday that the average for the 15-year loan was unchanged at 3.33 percent.

81. Events -

The National Hispanic Professional Organization, Memphis chapter will meet Thursday, Feb. 13, at noon at the Hilton Memphis, 939 Ridge Lake Blvd. Rafael Durand, director of human resources at International Paper, will speak. Registration begins at 11:30 a.m. Cost is free for members and $20 for nonmembers. Email nhpomemphis.us.

82. New Home Permits See Slight Bump -

Despite bitterly cold temperatures that plagued the Memphis area last month, homebuilders pulled slightly more housing permits in January when compared to the same month last year.

Shelby County homebuilders filed 64 permits in January, up from 57 permits filed in January 2013 and 53 permits in December 2013, according to real estate information company Chandler Reports, www.chandlerreports.com.

83. Events -

Boys & Girls Clubs of Greater Memphis will host An Evening With Fred Davis Tuesday, Feb. 11, from 6 p.m. to 8 p.m. at the organization’s Technical Training Center, 903 Walker Ave. Davis is a business leader who also served on the first Memphis City Council under the mayor-council form of government in 1967. Tickets are $100. Visit bgcm.org.

84. Events -

Memphis Botanic Garden will host the Green Your Home Winter Plant Sale Friday, Feb. 7, and Saturday, Feb. 8, from 9 a.m. to 5 p.m. at the garden, 750 Cherry Road. The sale will feature house plants, custom potting, terrariums and garden gift items. Admission is free. Visit memphisbotanicgarden.com.

85. Events -

Boys & Girls Clubs of Greater Memphis will host An Evening With Fred Davis Tuesday, Feb. 11, from 6 p.m. to 8 p.m. at the organization’s Technical Training Center, 903 Walker Ave. Davis served as the first black chairman of the Memphis City Council and opened one of the South’s first African-American-owned insurance agencies. Tickets are $100. Visit bgcm.org.

86. PILOT Reform -

Nike is in the midst of a $301 million expansion of its Northridge plant in Frayser, a project that means the Beaverton, Ore.-based company will create 250 new jobs and retain 1,600 existing local jobs.

87. New Horizons -

When The Marston Group PLC, a Memphis-based certified public accounting and financial consulting firm, held an open house in recent weeks at its new digs, the evening portion of the event lasted from 7 till later in the night, with the last person leaving around 10.

88. Competing Bidders Emerge for Ashlar Hall -

Two people that had once considered teaming up to acquire and renovate crumbling Ashlar Hall are going their separate ways.

Joe Thordarson, founder of the Memphis Comic and Fantasy Convention, and Ty Cobb, founder of the nonprofit Have a Standard Foundation, said this week that they are now pursuing separate plans to gain control of the Midtown mansion.

89. Crye-Leike Drops 2 Third-Party Listing Services -

Memphis-based Crye-Leike Realtors Inc. has yanked its Memphis-area listings from Zillow and Trulia, two of the Web’s biggest third-party listing services.

90. Commission Approves Ballpark Deal -

The deal for the city of Memphis to buy AutoZone Park and the St. Louis Cardinals to buy the Memphis Redbirds franchise is on its way to a mid-February closing.

Shelby County Commission approval of the county’s part of the deal Monday, Jan. 27, came with a lot of reluctance and some of the same complaints Memphis City Council members had last month – primarily that they were being rushed.

91. Commission Approves Other Part of Ballpark Deal -

Shelby County Commissioners reluctantly approved county government’s part of the AutoZone Park deal Monday, Jan. 27, despite delaying a vote on it at committee sessions last week.

The item was added onto the commission’s agenda by chairman James Harvey who said he could because it was “time sensitive.”

92. Call Center ‘Gratifying’ for Local Office Sector -

Conduit Global’s announcement this week that it is locating a call center in Shelby County that will employ 1,000 people was a breath of fresh air for local office real estate professionals.

93. Jobs Explosion -

Conduit Global will hire 1,000 people over the next three to five years to staff a large call center in Shelby County, the company announced Wednesday, Jan. 22.

Conduit Global president Bryce Hayes said the New York-based company will start hiring 300 immediately for the $8 million call center serving Verizon.

94. Business Leaders Optimistic About Local Economy -

As they have for a few quarters now, Memphis-area business leaders continue to acknowledge an incremental sense of optimism about specific aspects of their companies and the economy, according to the results of the third Memphis Economic Indicator.

95. 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.

96. 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.

97. 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.

98. Owner Files Loan on Summer Avenue Walgreens -

The owner of the Walgreens drugstore at 5828 Summer Ave. (U.S. 70) in Northeast Memphis has filed a $4.7 million loan on the property.

99. KBM Group Growing at Clark Tower -

A digital marketing agency is expanding at Clark Tower in East Memphis.

KBM Group, which is part of Wunderman/WPP, one of the world’s largest marketers, is expanding at Clark Tower less than a year after moving into the East Memphis office building, 5100 Poplar Ave.

100. Designing the Medical Center for Creative Collisions -

The Memphis Medical Center near Downtown is currently in the midst of a significant building boom. Major new facilities by Southwest Tennessee Community College, University of Tennessee Health Science Center and the Bioworks Foundation are underway or nearing completion, joining successful hospitals, clinics, educational institutions and many other great small businesses.