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Editorial Results (free)

1. Sprouts Confirms Lakeland, Germantown Stores in 2015 -

Sprouts Farmers Market, one of the fastest-growing grocery chains in the country and the first new grocer to enter the Memphis area in several years, will open a second location in Germantown.

Sprouts will turn the 30,000-square-foot former Schnucks location at The Shops of Forest Hill at Poplar Avenue and Forest Hill-Irene Road in Germantown into one of its stores, which replicate the look and feel of an indoor farmers market and specialize in fresh, healthy food.

2. Stock Gains Lift US Household Wealth to Record High -

WASHINGTON (AP) – Strong stock market gains and higher home prices boosted Americans' net worth in the April-June quarter to a record high, a trend that could encourage more spending.

U.S. households also took on the most new debt in five years, driven mostly by student and auto loans. More borrowing can be a sign of confidence, although greater student debt can pose a burden for younger households.

3. Officials Vow to Help Cargill Workers Find Jobs -

The Greater Memphis Chamber says it will work with its partners to help displaced Cargill Inc. employees find new jobs.

4. Cargill to Close Memphis Corn Mill -

Cargill Inc. will close its Memphis corn mill in January, a move that will impact 440 employees.

The company said the closure of the facility resulted from the underutilization of the Memphis plant on Presidents Island and its location far away from the Corn Belt. The nearby corn oil refinery that employs 28 people will remain open and operate as a standalone facility, Cargill said.

5. Will More Rentals Slow Rising Home Prices? -

Hardly a day goes by that a residential real estate broker is not asked: “When will it end?”

Elliot Eisenberg, Ph.D., authors Elliot Eisenberg’s Brief Blog and sends it daily to subscribers. Here’s what he had to say on the subject in his August 25 edition:

6. Embracing Cremation -

As business decisions go, this was a tricky one.

Jeff and Steve Murphy, owners of Music City Mortuary, opened their Nashville business in 2001, catering primarily to the needs of other funeral directors, providing transportation, embalming and preparation services, shipping – everything a mortuary business provides.

7. Changing Landscape -

A “high-end” grocery store chain not currently serving the Memphis market has leased the shuttered former Kroger store at 9050 U.S. 64 in Lakeland and should open in the spring, according to a Lakeland official.

8. Belmont Welcomes Largest-Ever Freshman Class -

If you graduated from Belmont 20 years ago, you might not recognize the campus today.

Near ceaseless on-campus construction and a huge spike in enrollment has changed the once-sleepy little school into a major player in Nashville and in national collegiate circles.

9. Another Round -

Some time in October, lovers of local craft beers could enjoy a cold brew in a new tasting room at Memphis Made Brewing Co.’s facility in the Cooper-Young district.

10. Fresh Market Debuts Midtown Store -

For a while now Central Gardens resident Tom Clifton has been driving to East Memphis to get his groceries.

11. Cargill Inc. to Invest $45 Million In West Memphis Grain Facility -

Cargill Inc. will invest $45 million to build a grain handling and shipping facility in West Memphis, the company announced Friday, June 10.

12. Still Rock ‘n’ Roll -

When Jeff Nolan, the Hard Rock Café’s music and memorabilia historian, got to Memphis Sunday, June 29, to prepare for the next day’s preview tours of the new Hard Rock location at Beale and Second streets, he grabbed a bite to eat at nearby Rum Boogie Café.

13. Baptist Opening Dementia Center -

Baptist Memorial Health Care, with help from the Baptist Foundation and the Parker family donation, is opening a free resource center for patients and caregivers dealing with dementia or other memory-related issues.

14. Events -

Sales and Marketing Society of the Mid-South will host a roundtable with executive coach and HR consultant Judy Bell titled “Emotional Intelligence, the Predictor of Success” Thursday, June 26, from 7:15 a.m. to 8:30 a.m. at Cheffie’s Cafe, 483 High Point Terrace. Cost at the door is $20. Visit sms-midsouth.org.

15. Baptist Opening Dementia Resource Center -

Baptist Memorial Health Care, with help from the Baptist Foundation and the Parker family donation, is opening a free resource center for patients and caregivers dealing with dementia or other memory-related issues.

16. Events -

Kiwanis Club of Memphis will meet Wednesday, June 25, from noon to 1 p.m. at The University Club of Memphis, 1346 Central Ave. The guest speakers are Jessica Jackson and Amanda Yuen, administrators at Corning Elementary School, Kiwanis Club of Memphis’ Adopt-a-School. Cost is $18 for nonmembers.

17. Building Community -

The Carrington at Schilling Farms looks like an apartment community you might find in Downtown Memphis or a town square, but the development – Boyle Investment Co.’s first apartment project in more than 30 years – is in the heart of Collierville.

18. Dancing on Broad -

A person doesn’t have to look far to get a feel for the distinctiveness and the uniquely artistic hue that colors Memphis’ Broad Avenue neighborhood.

To cite one example: The neighborhood for eight weeks this summer is hosting a dance party.

19. 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.

20. Family Dollar to Close Stores as Shoppers Pinched -

NEW YORK (AP) – Dollar stores are feeling the pinch from mounting financial pressures on low-income shoppers.

Family Dollar said Thursday that will cut jobs and close about 370 underperforming stores as it tries to reverse sagging sales and earnings. The discount store operator will also permanently lower prices on about 1,000 basic items.

21. US Finally Regains the Jobs Lost in the Recession -

WASHINGTON (AP) – The U.S. economy has reached a milestone: It has finally regained all the private-sector jobs it lost during the Great Recession.

Yet it took a painfully slow six years, and unemployment remains stubbornly high at 6.7 percent.

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

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

23. Fincher Outlines ‘Complicated’ Farm Bill Details -

The only active row-crop farmer in Congress has been on the road the last month talking particulars of a very complex farm bill with farmers not only in his West Tennessee district, which includes part of Memphis, but in five other states and other parts of Tennessee.

24. Warren Buffett Offers Lesson in Value Investing -

OMAHA, Neb. (AP) – Warren Buffett is offering a refresher course on his approach to investing in his annual letter to Berkshire Hathaway Inc. shareholders.

25. Memphis Firm Warns of IV Saline Shortage -

Memphis-based Comprehensive Pharmacy Services, the nation’s largest pharmacy services provider, issued an advisory to its more than 400 hospitals and health systems clients throughout the country to prepare for a protracted intravenous saline shortage.

26. New Housing Option Comes to Victorian Village -

Florence Hervery had been thinking about the next phase of her life for some time.

The 55-year-old Whitehaven resident had been mulling over a move Downtown, but she wanted a home, not a condominium or apartment, and was hesitant to move into the bustling Downtown core.

27. MRG Sees Flurry of Activity at Marion Center -

In 2008, Memphis-based Makowsky Ringel Greenberg LLC developed The Shops of Angelos Grove retail center in Marion, Ark.

28. RV Industry Shows More Signs of Recovery -

LOUISVILLE, Ky. (AP) – RV manufacturers expect to pass another milestone in their steady recovery from the recession that landed the industry in a deep ditch.

Led by sales growth for towable RVs and pricier stand-alone motor homes, recreational vehicle makers expect to ship more than 300,000 units to dealers' lots this year for the first time since the economic downturn battered the industry in 2008 and 2009.

29. Events -

Ignite Memphis, Vol. 6, will be held Tuesday, Nov. 19, from 7 p.m. to 10 p.m. at Crosstown Arts, 430 N. Cleveland St. Twelve Memphians will enlighten attendees on a variety of topics via five-minute, 20-slide presentations. Cost is $15. Visit ignitememphis.com.

30. Cos., Patients Shop for Better Health Care Deals -

Paul Freeman drove 600 miles last year to save himself — and his employer — thousands of dollars on his surgery.

31. For Jobless Over 50, A Challenging Search for Work -

EDITOR'S NOTE: Aging America is a joint AP-APME project examining the aging of the baby boomers and the effect this so-called silver tsunami is having on society.

ROCKFORD, Ill. (AP) — When Charlie Worboys lost his job, he feared searching for a new one at his age might be tough. Six years later, at 65, he's still looking.

32. Raymond James Boosts Local Community Efforts -

A new website and a significant sponsorship are two of the latest ways Raymond James Inc. is demonstrating its commitment to Memphis.

33. Business Lessons -

John Faraci answered without hesitation when asked this week about his biggest mistake as a corporate leader.

It was the $100 million plant he green-lighted for construction by International Paper Co., the Memphis-based company of which he is now CEO.

34. Eighth Serving -

Huey’s isn’t finished growing in Memphis.

The restaurant group with its distinctive burgers, checkered tablecloths and toothpick-filled ceilings is opening a restaurant in Germantown in about five months – the eighth Huey’s and the first new one in a decade.

35. Events -

The University of Tennessee Health Science Center will host Line Dancing for BLUES, in recognition of Infant Mortality Awareness Month, on Tuesday, Sept. 24, from 11 a.m. to 2 p.m. in the student alumni center, 800 Madison Ave. The event will include a line dance-a-thon, and information on infant mortality and the BLUES Project. Suggested donation is $5. Visit uthsc.edu/blues for details.

36. Rock’n Dough Pizza Opening in Jackson -

The little Memphis pizzeria that could will soon be opening a new location in Jackson, Tenn.

The Rock’n Dough Pizza Co., owned by Jeremy and Amanda Denno, is slated to open a new restaurant and microbrewery at the Jackson Walk development in Jackson in October. The Dennos will team up with veteran local brewer Ben Pugh to create signature suds at the 4,100-square-foot restaurant.

37. Some Employers See Perks of Hiring Older Workers -

Older people searching for jobs have long fought back stereotypes that they lack the speed, technology skills and dynamism of younger applicants. But as a wave of baby boomers seeks to stay on the job later in life, some employers are finding older workers are precisely what they need.

38. Jack Daniel's Prepares for its Largest Expansion -

LOUISVILLE, Ky. (AP) – Jack Daniel's is being served a $100 million-plus expansion of its rural Tennessee distillery to flex more muscle in the growing whiskey market.

The investment amounts to the largest single production expansion in the brand's long history. It will add stills and barrel warehouses at the Jack Daniel's operations in Lynchburg, Tenn., the brand's Louisville-based parent company, Brown-Forman Corp., said Thursday.

39. Room Race -

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

40. Memphis in the Meantime -

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

41. Esrael Celebrates 30 Years at First South Financial -

Even as a young man right out of graduate school, Craig Esrael knew how to spot an opportunity.

Three decades later, the president and CEO of First South Financial still sees value in banking on a smaller scale.

42. Harold Ford Sr. Buys Sycamore View Property -

1670 Sycamore View Road Memphis, TN 38134

Sale Amount: $1.8 million

Sale Date: April 8, 2013

43. Baptist Medical Group Buys Collierville Center -

Baptist Memorial Medical Group Inc. has paid $4.4 million for the 39,635-square-foot medical office building at 400 E. Market Blvd. in Collierville.

44. Grubb & Ellis Affiliates With New York Advisory Firm -

Grubb & Ellis-Memphis – a full-service commercial real estate firm serving western Tennessee, northern Mississippi and eastern Arkansas – has formed an affiliation with Newmark Grubb Knight Frank, a New York City-based commercial real estate advisory firm.

45. Grubb & Ellis Forms Affiliation With New York Advisory Firm -

Grubb & Ellis-Memphis – a full-service commercial real estate firm serving western Tennessee, northern Mississippi and eastern Arkansas – has formed an affiliation with Newmark Grubb Knight Frank, a New York City-based commercial real estate advisory firm.

46. Insurers Warn of Overhaul-Induced Sticker Shock -

Some Americans could see their insurance bills double next year as the health care overhaul law expands coverage to millions of people.

The nation's big health insurers say they expect premiums – or the cost for insurance coverage – to rise from 20 to 100 percent for millions of people due to changes that will occur when key provisions of the Affordable Care Act roll out in January 2014.

47. New Chassis Pool Co-Op Launches in Memphis -

The trucker-formed North American Chassis Pool Cooperative – the first of its kind – is launching its pilot program in Memphis this year.

The announcement follows the U.S. Surface Transportation Board recently approving the cooperative’s chassis pooling agreement, which will allow it to acquire and share chassis for intermodal freight transportation.

48. Year of Change for Smith & Nephew -

On the heels of laying off 63 employees in Memphis and as it grapples with challenging business conditions locally and worldwide, London-based medical device maker Smith & Nephew sees a bright spot in the Bluff City: the new Centre for Innovation.

49. Three Components Will Determine 2013 -

Forecasting 2013 The fiscal cliff episode proved bullish for stocks. Fearful asset owners facing tax code uncertainty pulled outsized income and capital gains into 2012. Sellers quickly became buyers to complete the tax arbitrage. For the week ended Jan. 9, investors poured $18.3 billion into stock mutual funds and ETFs, the largest combined inflow in five years. This capital re-commitment has propelled the S&P 500 3.25 percent higher in 2013. Does this mean that 2013 will continue to see fantastic equity returns? Domestic stock returns are driven by three primary components – earnings, dividends and valuations. Let’s consider each to arrive at our forecast.

50. Health Care Alignment Trend Accelerates -

The trend for alignment between hospital systems and private physicians hit the Mid-South in mid-2010 and has gained momentum since.

The area’s three major hospital systems – Baptist Memorial Health Care, Methodist Le Bonheur Healthcare and Saint Francis Healthcare – are padding their physician rosters with primary care doctors and specialists by acquiring practices in strategic locations throughout the Memphis market.

51. Helen of Troy Plans Build-to-Suit -

Helen of Troy Ltd., a manufacturer and distributor of household products, has finalized plans to build a 1.3 million-square-foot distribution facility in Olive Branch.

The $37 million facility will be constructed on a 77-acre site in the Whispering Woods development on Polk Lane in DeSoto County. CB Richard Ellis Memphis brokers Patrick Burke, Tommy Jackson and Jim Mercer represented Panattoni Development Co. in the land sale and build-to-suit negotiations to Helen of Troy, which closed on Dec. 28.

52. Countdown to Reform -

The Obama administration recently took the next step in implementing the new health care reform by laying out more specific guidelines regarding the health insurance market reforms. The Department of Health and Human Services published the new regulations on Nov. 20.

53. Memphis Primary Care Aligns With Baptist Group -

The trend of consolidation in the local health care industry marches on as Memphis Primary Care becomes the latest private physician practice to align with a major hospital system, joining Baptist Medical Group.

54. 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.

55. Greenline to Keep Growing in 2013 -

In the coming year, the Shelby Farms Greenline could move a bit farther west from Tillman Street, where it now ends, to the Poplar Avenue viaduct with a goal of linking up with the Broad Avenue Arts District.

56. New Brewery on Tap for Cooper-Young -

A new brewery is headed to Cooper-Young. 

Memphis native and craft beer enthusiast Drew Barton plans to open Memphis Made Brewing Co. LLC at 768 S. Cooper St. near York Avenue along with two other silent partners by mid 2013. The 6,000-square-foot space is adjacent to Signworks and owned by Richard Sullivan.

57. Software Industry Braces for New Phone Apps Rules -

WASHINGTON (AP) – A cellphone game for kids about U.S. geography, "Stack the States," gets rave reviews from parents. Its creator, Dan Russell-Pinson, considered making the 99-cent app better by adding a feature to allow children to play online against one another. But with the Federal Trade Commission issuing more stringent online child privacy rules, he's not even pursuing the idea.

58. Forensic Engineering Firm Opens Memphis Office -

Rimkus Consulting Group Inc., a Houston-based forensic engineering consulting firm, opened a new office at 1661 International Drive, suite 400, in Memphis Dec. 1.

59. Federal Review of Tobacco Products Grinds to a Halt -

RICHMOND, Va. (AP) – Talk about a smoke break.

Tobacco companies have introduced almost no new cigarettes or smokeless tobacco products in the U.S. in more than 18 months because the federal government has prevented them from doing so, an Associated Press review has found.

60. Forensic Engineering Firm Opens Memphis Office -

Rimkus Consulting Group Inc., a Houston-based forensic engineering consulting firm, opened a new office at 1661 International Drive, suite 400, in Memphis Dec. 1.

61. Brooks Brothers Relocating to Saddle Creek -

High-end clothier chain Brooks Brothers plans to open a new location at The Shops of Saddle Creek West in Germantown.

The New York City-based retailer will open in 7,500 square feet of space at 7509 Poplar Ave. by early June, taking over the two suites formerly occupied by Indigo and Talbots Men’s. Indigo last month relocated and expanded two spaces down into the old Natural Body Spa & Shoppe space.

62. Citibank Cuts FedEx Earnings Estimates -

The string may have run out in the air cargo market, Citibank said Monday, which cut its FedEx Corp. earnings estimates for this year and next.

63. Slow and Steady -

The local office market saw little change in the third quarter, and brokers say the fourth quarter will likely yield similar results.

Memphis’ vacancy rate ended the quarter in the mid-14 percent range, the same levels as 2008, according to Colliers International Memphis’ Q3 office report. Vacancy during that period in 2007 was below 12 percent.

64. Rheumatology Clinic Buys Germantown Office Building -

7660 Poplar Pike Germantown, TN 38138

Sale Amount: $986,850

Sale Date: Nov. 14, 2012

65. Serving Memphis -

The hospitality industry is the nation’s largest private sector employer, yet many in its workforce do not have access to affordable and consistent health care, education opportunities or financial mentoring.

66. Planning for the Future -

A few months ago, CNBC broadcaster Jim “Mad Money” Cramer all but reached up to the TV screen on his set to high-five Bryan Jordan, president, CEO and chairman of First Horizon National Corp., whose image was there via satellite.

67. Dots to Open Third Memphis Store -

National retailer Dots will open a new Memphis store Thursday, Nov. 8, in the Market of Wolfcreek Shopping Center, 2759 Wolfcreek Parkway.

68. Retirement Worries Grow; 30-Somethings Most Uneasy -

WASHINGTON (AP) — Younger Americans in their late 30s are now the group most likely to doubt they will be financially secure after retirement, a major shift from three years ago when baby boomers nearing retirement age expressed the greatest worry.

69. Homebuilder Confidence High -

LOS ANGELES (AP) – Confidence among U.S. homebuilders remains at its highest level in six years, reflecting improved optimism over the strengthening housing market this year and a pickup in visits by prospective buyers to builders’ communities.

70. Gates, Buffett Again Top Forbes' Billionaires List -

NEW YORK (AP) – Microsoft Corp. co-founder Bill Gates remains the nation's richest man by far, as the tech and philanthropy giant took the top spot on the Forbes 400 list for the 19th year running, with a net worth of $66 billion.

71. After the Vote -

As 400 supporters of municipal school districts rallied just off the Arlington town square in July, conversations about the ballot outcome turned to one question – how Federal Judge Hardy Mays would rule in the legal challenge to the state law governing the establishment of a municipal school district.

72. Making Way -

The $191 million transformation of The Pyramid into a Bass Pro Shops superstore by August 2013 will have an effect not only on local tourism but also on surrounding commercial real estate.

The 21,000-square-foot office building at 400 N. Front St. is a prime example. The 100-year-old space has been owned and occupied by Greg Ericson of Ericson Group Inc. for the last 14 years.

73. Firms Make Investments in Memphis Distribution -

In the past month, a pair of out-of-town firms have scooped up local distribution warehouses, growing its Memphis industrial real estate portfolio and planning for more.

Montreal-based Olymbec USA LLC recently closed on its $1.5 million purchase of 3615 Lamar Ave. from an entity affiliated with Miami-based loan servicer LNR Partners LLC.

74. Aren Buys SE Memphis Warehouse For $1.3M -

Trane U.S. Inc. has sold its parts distribution center in Southeast Memphis for $1.3 million.

Aren Investments LLC of Memphis acquired the 99,375-square-foot distribution warehouse at 4250 Concord Road. The company, which used a 1450 Massey Road address on the Shelby County Register of Deeds, financed the purchase with an $800,000 loan through BancorpSouth Bank. Igal Elfezouaty signed the trust deed as managing member of Aren.

75. Exeter Closes On Acquisition Of ProLogis Properties -

Pennsylvania-based Exeter Property Group has closed on its acquisition of 10 Memphis-area industrial buildings for $40 million from San Francisco-based ProLogis Inc.

76. Market Value -

Investor Warren Buffett admitted in his annual letter to shareholders recently that he was “dead wrong” in his early 2011 prediction that the housing market would have begun recovery by now.

77. Cordova Presbyterian Plans to Build on Fay Road -

8707 Fay Road
Cordova, TN 38018

Permit Cost: $2 million

Permit Date: Applied March 2012

78. Thorpe Products Inks New Deal On Democrat -

Thorpe Products Co. is relocating its Memphis branch location to a site with higher ceiling heights and better proximity to its clients.

79. Changes Continue for Memphis Neighborhood -

The street to Emmanuel Episcopal Center is the only reminder of what used to be part of Cleaborn Homes at Lauderdale Street and St. Paul Avenue.

Where the 1950s-era brick structures once stood are two thriving patches of green in the fertile and early Memphis spring.

80. Pressure Builds for Civilian Drone Flights at Home -

WASHINGTON (AP) – Heads up: Drones are going mainstream.

Civilian cousins of the unmanned military aircraft that have tracked and killed terrorists in the Middle East and Asia are in demand by police departments, border patrols, power companies, news organizations and others wanting a bird's-eye view that's too impractical or dangerous for conventional planes or helicopters to get.

81. Turbo-Traders Take Bank of America for a Ride -

NEW YORK (AP) – On a normal day, 4 billion shares of stock change hands on the New York Stock Exchange. One in 10 belongs to a single company. It's not McDonald's or IBM, both of which have been on a tear.

82. Relocated Campus Spotlights NCBT’s Growing Presence -

The National College of Business and Technology is in the very early stages of the planning process for its new brick-and-mortar campus in Memphis.

The private college – which is based in Roanoke, Va., and has locations in six states – plans to relocate its Lamar campus. The existing facility is nearing capacity (approximately 400 students), so NBCT will move to a larger, soon-to-be-constructed two-story building at 2576 Thousand Oaks Cove, just off Interstate 240 in East Memphis.

83. Lofty Heights -

The Mid-South apartment market is riding high after a strong 2011.

Last year saw increasing occupancies and rents, as well as a shift from investors and lenders back to more stable properties, all of which followed a 2010 that was dominated by activity involving distressed product.

84. Roku Expands Beyond Internet Video-Streaming Boxes -

SAN FRANCISCO (AP) – Roku is thinking outside its set-top box in an attempt to bring more Internet video to flat-panel televisions.

The new approach will rely on a finger-sized device that won't require extra cords or separate remote controls to stream video over high-speed Internet connections. The product, called the Roku Streaming Stick, will plug directly into a high-definition port available on a growing number of new-breed TVs, just as a flash drive fits into a computer's USB outlet.

85. Economy Ends Tough 2011 on a Surprising Upswing -

WASHINGTON (AP) – The economy is ending 2011 on a roll.

The job market is healthier. Americans are spending lustily on holiday gifts. A long-awaited turnaround for the depressed housing industry may be under way. Gas is cheaper. Factories are busier. Stocks are higher.

86. Squared Away -

Not having a storefront hasn’t kept Midtown artisan Colleen Couch-Smith from running her business like someone who does – minus the hefty overhead costs.

A cutting-edge mobile device called Square allows Smith, co-owner of a studio-based small business called Rock Paper Scissors, to accept credit card payments from customers when she sells her wares at artists markets and festivals.

87. ULI 2012 Outlook: CRE Industry Slightly Better -

Next year will be slightly better for commercial real estate, but it’ll come at the cost of a shrunken industry.

That was the message an at-capacity room of bankers, investors and real estate professionals heard Tuesday, Dec. 6, at the Urban Land Institute’s Real Estate Outlook for the Mid-South, where attendees learned about facing a “long grind,” compared with last year’s theme, “an era of less.”

88. ULI 2012 Outlook: CRE Industry Slightly Better -

Next year will be slightly better for commercial real estate, but it’ll come at the cost of a shrunken industry.

That was the message an at-capacity room of bankers, investors and real estate professionals heard Tuesday, Dec. 6, at the Urban Land Institute’s Real Estate Outlook for the Mid-South, where attendees learned about facing a “long grind,” compared with last year’s theme, “an era of less.”

89. Land South of Shelby Forest Sells for $2.3 Million -

Vacant Land
Near Shelby Forest Park
Sale Amount: $2.3 million

Sale Date: Nov. 17, 2011
Buyer: Warren Nickolas Nunn
Seller: Estate of William S. Howard Sr.
Loan Amount: $2.5 million
Loan Date: Nov. 18, 2011
Maturity Date: n/a
Lender: Patriot Bank
Details: Warren Nickolas Nunn has bought several large parcels of vacant land from the estate of William S. Howard Sr. for $2.3 million, financing it with a $2.5 million loan through Patriot Bank.

90. Unemployment Aid Applications Up 2nd Straight Week -

WASHINGTON (AP) – The number of people applying for unemployment benefits rose for the second straight week, a sign the hiring market is recovering at a slow and uneven pace.

Weekly applications for unemployment benefits rose by 6,000 last week to a seasonally adjusted 402,000, the Labor Department said Thursday. Applications had been below 400,000 for three straight weeks.

91. ULI Event To Tackle CRE Outlook -

Most commercial real estate markets have stabilized, but improvement in occupancies and rents won’t be as certain in 2012.

That’s the message real estate professionals will receive Tuesday, Dec. 6, when the Urban Land Institute District Council Memphis hosts its fifth annual Real Estate Outlook for the Mid-South at the Holiday Inn University of Memphis’ Tennessee Ballroom, 3700 Central Ave.

92. Green Shoots -

As the local commercial real estate market approaches the end of 2011, experts say it appears to be in line with national fundamentals for secondary and tertiary markets.

Shelby County commercial sales in the third quarter were the highest sales volume since Q3 2007, with $259 million, according to real estate information company Chandler Reports, www.chandlerreports.com.

93. Unemployment Aid Hits 7-Month Low, Trade Gap Falls -

WASHINGTON (AP) – The outlook for American jobs and trade looked a little brighter Thursday, despite growing uncertainty overseas.

The number of people who applied for unemployment benefits last week fell to a seasonally adjusted 390,000, the Labor Department said Thursday. That's the fewest since April.

94. Data Support Market Valuations -

Encouraging News As the Greece situation remained fluid last week, equity markets continued their volatile ways, surging back in the latter part of the week as the focus shifted to more encouraging signs within the United States. The data continued to support a growing (albeit at a snail’s pace) yet muddle-through economic thesis as investors began to look at these non-Europe data points to support current market valuations. To recap:

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

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

96. CBRE Closes On Two Distressed Apt. Complexes -

CB Richard Ellis Memphis has recently closed two distressed multifamily properties in the West Winchester apartment submarket.

Tommy Bronson III and Blake Pera with CBRE’s multifamily division represented MPI Coventry Village LLC in the $1.25 million sale of Highland Creek Apartments, 1305 Turkey Run Lane, to Highland Creek Acquisitions LLC.

97. A Summer Many Investors Would Rather Forget -

NEW YORK (AP) – It was a stomach-churning summer that most investors would like to forget.

The United States lost its top-of-the-line credit rating for the first time. The financial system of Europe seemed ready to collapse. Money managers sifted through data for signs that the economy was about to slide into a new recession.

98. Supermarkets Start Bagging Self-Serve Checkouts -

MANCHESTER, Conn. (AP) – When Keith Wearne goes grocery shopping, checking out with a cashier is worth the few extra moments, rather than risking that a self-serve machine might go awry and delay him even more.

99. Universal Commercial Built On Deep Family Legacy -

For some people, the prospect of working with one’s brother, wife and mother on a daily basis would be a less than enticing proposition.

But as far as Darrell Cobbins, the owner, president and CEO of Memphis-based Universal Commercial LLC, is concerned, there’s no other way he’d rather do business.

100. Let There Be Light -

This fall, a group of 1,000 Memphis Light, Gas and Water Division customers move deeper into a three-year, futuristic-sounding “Smart Grid” test project that began this past January.

They volunteered last year to get new automated meters for their homes, and half of them got a wireless digital counter top readout for inside their homes that allows them to watch their electricity usage. With a computer dashboard readout they can also follow trends for energy usage over time, and the device even suggests scenarios for cutting costs.