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Editorial Results (free)

1. Two Portfolios Near Airport Sell for Combined $26M -

Nearly 2 million square feet of industrial space near Memphis International Airport has switched hands for a combined $25.9 million in a pair of recently closed deals.

The larger of the two was a 70-acre, 13-property portfolio in the Airport Distribution Center and Delp Distribution Center that sold for $18.1 million.

2. Avison Young’s Memphis Office Finds Strength In Diversified Approach -

Eighteen months ago, real estate brokers Jacob Biddle and Shane Soefker decided they wanted to do things a little differently, so they left their jobs at a local brokerage firm and set off on their own.

3. South City Redevelopment Heats Up With Renovations, New Construction -

The up-and-coming South City neighborhood is enjoying a resurgence of redevelopment activity lately, with the restoration of several historic properties, new multifamily construction and talk of bringing in a grocery store. The city and the Downtown Memphis Commission have been instrumental in the renewed interest, with noteworthy projects including the Clayborn Temple, the Universal Life Building and the demolition of Foote Homes.

4. Lakeland's Lake District on Hold after 'Surprise' Foreclosure Notice -

Despite unveiling a new look and layout for the proposed Lake District development at a special meeting late Thursday, developer Yehuda Netanel’s plans were put on ice by Lakeland’s Industrial Development Board. That is at least until the matter of a “surprise” foreclosure notice could be sorted out.

5. How Many Funds Make a Good Mix? -

Ray’s Take: When it comes to building a portfolio for retirement, your goal shouldn’t be to load up with as many different types of investments as you can in the hopes that you’ll outsmart any fluctuations in the market. Diversification, like all things, has its limits.

6. Lazarov Strategizes to Strengthen Memphis Businesses -

There’s a lot Jami Lazarov can’t tell you about her work. The young attorney – three years into her position as a senior associate attorney at Wyatt, Tarrant & Combs LLP – practices the kind of law carried out in high-pressure offices and boardrooms, not high-drama courtrooms. And the specifics stay between Lazarov and her many influential Memphis clients.

7. Wonder Bread Garage Gets OK From Parking Authority -

The Downtown Parking Authority has given its approval to the 481-space parking garage connected to the $73 million Wonder Bread redevelopment, paving the way for developers PGK Properties to seek final approval from the Memphis City Council and Shelby County Commission.

8. Peak Capital Closes On Memphis Apt. Purchase -

Peak Capital Partners, a Utah-based apartment investment and management firm, has closed on The Charleston apartments in Memphis, the company has announced. Peak bought the property from Tennessee-based Wesscorp Investments.

9. County Mulls Garage For Long-Term Parking Fix -

Shelby County Jury Commission officials have points they always make with citizens on jury duty in Downtown Memphis. And it includes an apology for the parking situation around the Criminal Justice Center and the Judge D’Army Bailey Courthouse, where those called to be on juries will work for a week at a time.

10. Last Word: Night in the Park, Hattiloo Goes Bigger & Cohen on the Republican Soul -

A gathering in Health Science Park a little before 11:30 Monday evening by a group of protesters who Facebooked that their intent was to take down the statue of Nathan Bedford Forrest. Memphis Police showed up quickly and the police supervisor told those around the statue that the park is a private park and that no one can be in the park after 8 p.m. No arrests but the police did ask for identification from those in the park.

11. Countercultural Secrets of Successful Innovators -

Successful innovators may seem cavalier, but really they are vast and complex beings. As the great American poet Walt Whitman said of the prophetic role of a poet, “They contain multitudes.”

12. Last Word: Charlottesville Reaction, Stax & Atlantic Together Again and MEMFix -

The violence in Charlottesville, Virginia over the weekend will be on a lot of minds in a lot of other places including Memphis as this week begins. And the discussion here in Memphis is already underway. The gathering point Saturday just hours after a suspected white supremacist drove his car into a group of counter protesters in Charlottesville really didn’t even need a lot of billing or explanation.

13. Funding Announcements Cap Startup Demo Day -

Funding announcements have already started rolling in for some participating startups in this year’s “Summer of Acceleration” following Demo Day. The demo pitch to investors caps annual programming for the consortium of accelerators.

14. Cordova Apartment Community Sells for $27.9M -

The Charleston, a 284-unit apartment community on the east side of Houston Levee Road just south of U.S. 64, has sold for $27.9 million, marking a new chapter for a property that was built just last year.

15. Inviting a New Vision for Memphis Region -

Memphis has been blessed to give birth to the modern grocery store, rock ‘n’ roll, and such corporate category leaders as Holiday Inn, FedEx and AutoZone. These native inventions became the basis of our regional economy after the slow demise of the agrarian culture when cotton was king.

16. Last Word: Primary Care, Weirich On Twitter and Tigers Offense -

Shelby County District Attorney General Amy Weirich has been responding by Twitter for the last two days to the New York Times Magazine article about the Noura Jackson case that went up online earlier this week. Using the hashtag “ProCrimeNYTimes,” Weirich @ShelbyCountyDA -- tweeted Wednesday that the long read is “a blatant effort to create sympathy for the defendant while demonizing prosecutors.”

17. After Many Decades of Change, Why Haven’t Our Methods? -

Cities have to be in a constant state of problem solving in today’s world, especially when you consider that the shelf life of leading industries is shortening in dramatic fashion. Consider that it took 55 years for the automobile to spread to a quarter of the country, 35 years for the telephone, 22 years for the radio, 16 years for the personal computer, 13 years for the cellphone, and only seven years for the internet.

18. Cordova Apartment Community Sells for $27.9M -

The Charleston, a 284-unit apartment community on the east side of Houston Levee Road just south of U.S. 64, has sold for $27.9 million, marking a new chapter for a property that was built just last year.

19. Jernigan Capital Reports Strong Second Quarter -

Memphis-based self-storage financing company Jernigan Capital Inc. has “had an outstanding first half of 2017.” That’s according to its namesake chairman and CEO Dean Jernigan.

20. Last Word: St. Jude School, More Gannett Moves and Maida Pearson Smith -

For most, the school year starts next week. But classes are already underway at St. Jude’s new Graduate School of Biomedical Sciences, an idea 15 years in the making, according to the physician who had that idea. The school is a big step in higher education in Memphis and its road to research center status.

21. Next Big Leap for Apple? – Augmented Reality -

SAN FRANCISCO (AP) – Apple's iPhone may be ready for its next big act – as a springboard into "augmented reality," a technology that projects life-like images into real-world settings viewed through a screen.

22. Cordova Apartment Community Sells for $27.9M -

The Charleston, a 284-unit apartment community on the east side of Houston Levee Road just south of U.S. 64, has sold in a $27.9 million deal.

In the transaction, Peak Capital Partners, doing business as PC Charleston LLC, purchased the 24-acre parcel from local developer Wesscorp Communities, doing business as Charleston HL Apartment Community LLC. Charles W. Misenhelter, signed the deed on behalf of the sellers.

23. Developers Baking $73 Million Deal at Wonder Bread Plant -

A development group wants to breathe new life into the former Wonder Bread plant that used to fill the Memphis Medical District with the smell of fresh bread before it closed in 2013.

A group of investors spearheaded by Chisca Hotel Developers – Development Services Group – has submitted a $73 million plan to create 286 upscale multifamily units, a 480-space parking garage and 150,000 square feet of office and retail space.

24. HealthChoice Promotes Henning To Director of Population Health -

Sarah Henning has been promoted to director of population health programs at HealthChoice. Henning previously served as manager of the department. In her new role, Henning is responsible for designing, implementing and managing population health and wellness initiatives and programs for the HealthChoice network.
She also collaborates with stakeholders to promote and support these programs and to ensure they meet the needs of the affected populations and adapt with the changing health care environment.

25. Last Word: Gentrification, ServiceMaster's New CEO Speaks and Gateway Resolution -

Gentrification in Binghampton? The g-word is a term that can start a real debate in Memphis these days. But those leading the hard fought redevelopment in Binghampton say a tax increment financing district there would mean an immediate capital infusion of $332,000 that would help to ward off the possibility of gentrification.

26. Binghampton, Uptown Redevelopment Efforts Move Forward While Waiting for the CRA -

If Binghampton can get a proposal for tax increment financing (TIF) approved by the end of the year, it would mean an immediate $332,000 in capital and an estimated $26 million over the 30-year life of the TIF zone to sustain and further grow commercial and residential development in the area.

27. Terminix Priority of ServiceMaster New CEO Nik Varty -

The new CEO of ServiceMaster Global Holdings Inc. said his first priority at the helm of the Memphis-based domestic and commercial services provider is to fix the company’s Terminix division.

28. Waddell Bullish in Mid-Year State of the Union -

During David Waddell’s yearly “State of the Union” presentation to clients gathered earlier this year at Shelby Farms’ FedEx Event Center, “winning” and “economic growth” were the themes.

29. David Waddell Bullish in Mid-Year State of the Union -

RAIL: Waddell & Associates CEO and chief investment strategist David Waddell remains upbeat about the investment landscape through the first half of 2017.

30. David Waddell Bullish in Mid-Year State of the Union -

During David Waddell’s yearly “State of the Union” presentation to clients gathered earlier this year at Shelby Farms’ FedEx Event Center, “winning” and “economic growth” were the themes.

31. David Waddell Bullish in Mid-Year State of the Union -

During David Waddell’s yearly “State of the Union” presentation to clients gathered earlier this year at Shelby Farms’ FedEx Event Center, “winning” and “economic growth” were the themes.

32. UrbanArt Commission Will See Tighter City Guidelines -

Memphis City Council chairman Berlin Boyd put his move to abolish the UrbanArt Commission on hold Tuesday, July 25, in favor of tighter oversight of the UAC’s public art program, which totals 1 percent of city expenditures on capital projects.

33. Kroger Delays Development Of Arlington Marketplace -

The Kroger Co. has announced it is putting the proposed Kroger Marketplace location in Arlington on hold indefinitely.

34. Fully Loaded -

It’s almost like the first half of 2017 was a decade in the making, at least when it comes to commercial real estate. Throughout all four major sectors of the Memphis-area commercial real estate market – industrial, office, retail and multifamily – figures are consistently reaching or exceeding pre-recession marks.

35. Trump Choice for Fed Board Says He Likes Rule Change Ideas -

WASHINGTON (AP) – Randal Quarles, President Donald Trump's nominee for the Federal Reserve Board, says he likes a predecessor's ideas for where regulators should prune banking rules.

36. Kroger Delays Development Of Arlington Marketplace -

The Kroger Co. has announced it is putting the proposed Kroger Marketplace location in Arlington on hold indefinitely.

37. UrbanArt Commission to See Tighter City Guidelines -

Memphis City Council chairman Berlin Boyd put his move to abolish the UrbanArt Commission on hold Tuesday, July 25, in favor of tighter oversight of the UAC’s public art program, which totals 1 percent of city expenditures on capital projects.

38. Gillette Out, ServiceMaster to Spin Off Unit -

To Memphians, Rob Gillette is the ServiceMaster Global Holdings Inc. leader who moved the company’s headquarters from East Memphis to Downtown and put the old Peabody Place Mall back in use.

39. Overton Gateway Compromise Approved By Council -

Memphis City Council members approved the Overton Gateway mixed residential development Tuesday, July 25 in a pair of unanimous votes – one for the plans on the north side of Sam Cooper Boulevard at East Parkway and the other for the plans on the south side of Sam Cooper at East Parkway.

40. Overton Gateway Compromise Approved By Council -

Memphis City Council members approved the Overton Gateway mixed residential development Tuesday, July 25 in a pair of unanimous votes – one for the plans on the north side of Sam Cooper Boulevard at East Parkway and the other for the plans on the south side of Sam Cooper at East Parkway.

41. GTx to Release New Data from Company’s Work -

GTx Inc. executive chairman Dr. Robert Wills thinks the Memphis-based biopharmaceutical company is “severely undervalued.”

42. Council Vote Puts Overton Gateway Compromise To Test -

Memphis City Council members will put a tentative compromise on the proposed Overton Gateway development to the test Tuesday, July 25.

The council is scheduled to vote on the multifamily apartment project to be built by Makowsky Ringel Greenberg that encompasses both sides of Sam Cooper Boulevard at East Parkway.

43. City Master Plan Development Aims To Reverse Random Development -

Not too far past a new generation of civic plans is the filter of reality – what is possible by a business bottom line.

At the outset of the still-forming Memphis 3.0 master development plan, the reality without a plan is striking.

44. Environmental Report on Pipeline Favorable for Developers -

RICHMOND, Va. (AP) — The Atlantic Coast Pipeline intended to carry natural gas across West Virginia, Virginia and North Carolina would have some adverse environmental effects, including impacts on water resources, forest and other habitats, but most could be reduced to insignificant levels, an assessment by federal regulators found.

45. Initial Public Offerings Scheduled to Debut This Week -

NEW YORK (AP) — The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.

Week of July 24:

46. County Pulls Permit For Rape, Crime Victims Center -

Shelby County government is about to begin a renovation of the former Shelby County Forensic Center building at 1060 Madison Ave. to convert it into the new offices of the Rape Crisis Center and Crime Victims Center.

47. Guest Op-Ed: Memphis 3.0? Let’s Think More About Memphis 10.0 -

Lately I’ve been asking myself a question, “What would it take for Memphis to reduce poverty by 50 percent in the next 15 years?” Furthermore, “What would it take for Memphis to be the size of New York in 50 years?”

48. Scene Change -

The sprawling mixed-use complex opening next month on North Cleveland in Midtown is a high-profile example of where Memphis’ art community finds itself at the halfway mark in 2017.

When Crosstown Concourse opens there Aug. 19, it won’t just represent a new beginning that turns a former Sears distribution center into a 1.5-million-square-foot community mainstay. With tenants like Crosstown Arts moving in, the development is also a representation of how the city’s arts landscape is changing this year.

49. Venezuela Strike Erupts Into Sporadic Violence -

CARACAS, Venezuela (AP) — A nationwide strike against plans to rewrite the constitution shut down much of Venezuelan's capital Thursday before erupting into sporadic violence when protesters clashed with riot police and burned a post office near the headquarters of the main state-run broadcaster.

50. MRG, Thomas & Betts Receive Tax Incentives -

Makowsky Ringel Greenberg and Thomas & Betts were both awarded tax incentives to advance their respective projects by the Economic Development Growth Engine for Memphis and Shelby County on Wednesday, July 19.

51. County Pulls Permit for New Rape Crisis-Crime Victims Center -

Shelby County government is about to begin a renovation of the former Shelby County Forensic Center building at 1060 Madison Avenue to convert it into the new offices of the Rape Crisis Center and the Crime Victims Center.

52. Madison @ McLean Project Awarded 14-Year Tax Abatement -

Local multifamily development group Makowsky Ringel Greenberg has been awarded a 14-year tax abatement to construct a 132,477-square-foot, 108-unit apartment complex in Midtown Memphis.

Named Madison @ McLean after the eponymous Midtown intersection it will reside on, the $14 million project is the first ever recipient of a Residential PILOT (payment-in-lieu-of-taxes), incentive, which was created earlier this year by the Economic Development Growth Engine for Memphis and Shelby County.

53. Memphis 3.0? Let’s Make Memphis 10.0 -

Lately I’ve been asking myself a question, “What would it take for Memphis to reduce poverty by 50 percent in the next 15 years?” Furthermore, “What would it take for Memphis to be the size of New York in 50 years?”

54. AutoZone’s Engine Starting to Stall -

AutoZone’s stock price is pointed in the opposite direction it’s been accustomed to for years now. Shares of the Memphis-based auto parts retailer are down more than 30 percent since the end of January. Needless to say, that’s an unusual place for the company, which continues to open new stores at a steady clip.

55. Wall Street's Goldman Sachs Moves Quietly Into Main Street -

NEW YORK (AP) – More homeowner, less hedge fund titan. Goldman Sachs, long known for its super-rich clients and well-connected executives, is starting to act a lot more like a neighborhood bank.

56. Political Differences Endure After $4.11 Shelby County Tax Rate Compromise -

Shelby County commissioners were still calculating Monday, July 17, after they passed a compromised, $4.11 county property tax rate that appears will stay put long enough for the commission to take a final vote Wednesday at a special meeting.

57. County Commission Approves Compromise $4.11 County Property Tax Rate -

Shelby County commissioners compromised on a $4.11 county property tax rate Monday, July 17, on the way to a final vote on the compromise tax rate at a special meeting Wednesday that would bring down the curtain on the county budget season.

58. 100 North Main Sale Delayed Another Month -

The fate of the tallest building in Memphis has been postponed for another month. Attorney Billy Moss announced that the foreclosure auction would be postponed until Wednesday, Aug. 16, on the steps of the Judge D'Army Bailey Courthouse, 140 Adams Ave. In 2015, IMH Memphis, the current owners, purchased the vacant building that was built in 1965 for $5 million. IMH Memphis subsequently took out a $2.8 million mortgage with New York-based Shadow Tree Capital Management LLC – the source of the delays in auctioning off the building.

59. First Horizon Sees Growth in Second Quarter -

First Tennessee Bank’s parent company saw net income climb 61 percent in the second quarter and First Tennessee itself announced the largest merger in its history, but company chairman and CEO Bryan Jordan characterized the period for analysts pretty much the way he always does during earnings presentations.

60. Council Delays Discussion About Future of DMC, RDC -

Memphis City Council members put off a discussion Tuesday, July 11, on a call to look at restructuring or abolishing the Downtown Memphis Commission and the Riverfront Development Corp.

61. Thomas and Betts Expanding, Creating 90 New Jobs -

New details are emerging surrounding the relocation Thomas & Betts’ headquarters as the manufacturing company has announced that it is expanding its operations in Memphis by consolidating its R&D Functions to a new facility in Memphis, creating 90 new jobs.

62. Malco Pulls Additional Building Permit for Downtown Theater -

Malco Theatres’ Downtown movie theater continues to take shape, with the Memphis-based cinema chain seeking its second multimillion-dollar building permit for the project in recent months.


45 E. G.E. Patterson Ave.
Memphis, TN 38103
Permit Amount: $5 million

63. Malco Pulls Additional Building Permit for Downtown Theater -

45 E. G.E. Patterson Ave.

Memphis, TN 38103

Permit Amount: $5 million

Project Cost: $55 million

Application Date: July 2017

Owner: Henry Turley Co. and Community Capital

64. Additional Sanitation Workers May Get Benefits -

The city of Memphis had 1,100 sanitation workers when the historic strike began in February 1968, with close to 1,000 of them walking off the job following the grisly deaths of two of their own trapped in the grinder of a garbage truck in East Memphis.

65. County Commission Leans Back to $4.13 Tax Rate -

Shelby County Commissioners took a step Wednesday, July 12, toward taking back a 3-cent cut in the county property tax rate.

And in the budget committee session, commissioners favoring the tax cut to a $4.10 tax rate said they would reopen this week’s contentious budget debate if the $4.13 tax rate appears to have traction when the full commission meets Monday, July 17.

66. Commission Goes Back to $4.13 County Property Tax Rate -

Shelby County Commissioners took a step Wednesday, July 12, toward taking back a three-cent cut in the county property tax rate.

And in the budget committee session, commissioners favoring the tax cut to a $4.10 tax rate said they would reopen this week’s contentious budget debate if the $4.13 tax rate appears to have traction when the full commission meets Monday, July 17.

67. Council Approves Sanitation Workers Benefits -

There may be more than 14 city sanitation workers from 1968 who are still alive. And the city is double-checking its list as the Memphis City Council approved Tuesday, July 11, the payment of $50,000 grants to 14 of the workers it has already identified including four still working for the city.

68. Council Delays Discussion About Future of DMC, RDC -

Memphis City Council members put off a discussion Tuesday, July 11, on a call to look at restructuring or abolishing the Downtown Memphis Commission and the Riverfront Development Corp.

69. Commission Approves $1.2B County Budget -

At the end of a marathon seven-hour meeting Monday, July 10, with one item on its agenda, the Shelby County Commission agreed on a $1.2 billion budget, including about $1.4 million in amendments added by the commission.

70. County Budget Accord Reached But Property Tax Rate Still In Flux -

At the end of a marathon seven-hour meeting Monday, July 10, with one item on its agenda, the Shelby County Commission agreed on a $1.2 billion budget including about $1.4 million in amendments added by the commission.

71. Honor Your Muse, Part 1 -

Editor’s note: Part one in a three-part series. Recently, more and more people ask me about launching their own business. They see something liberating about leaping into the unknown, owning their own destiny and not having to make compromises they are forced to make in their current situation.

72. East Memphis Office Building Sells for $7 Million -

A 79,000-square-foot office building in East Memphis has switched hands in a multimillion-dollar deal.

Gregory Realty GP purchased the Class B building at 855 Ridge Lake Blvd. for $7 million from Israel-based investors Faropoint Ventures, doing business as Ridge Lake TN Realty Holdings LLC.

73. Financing Set for New TAG Truck Center -

Financing has been completed for the new TAG Truck Center facility that will be located where the former Mall of Memphis once stood at 4451 American Way.

74. Malco Pulls 2nd Building Permit for Downtown Theater -

Malco Theatres’ Downtown movie theater continues to take shape, with the Memphis-based cinema chain seeking its second multimillion-dollar building permit for the project in recent months.

Malco has filed a $5 million building permit application with the Office of Construction Code Enforcement for the seven-screen theater being built at at 45 E. G.E. Patterson Ave., at the southeast corner of G.E. Patterson and Front Street. The application lists Linkous Construction Co. as the contractor, SRC Consultants as the engineer and TK Architects as the architect.

75. Last Word: Vince Carter Leaves, Fairgrounds and Pulling the Plug on Green Tech -

Vince Carter joins Zach Randolph with the Sacramento Kings next NBA season with an $8 million one-year pact for Carter. Still no word on Tony Allen’s free agency status as we put this up. The Grizz plan to retire Randolph’s jersey.

76. Financing Set for New TAG Truck Center -

Financing has been completed for the new TAG Truck Center facility that will be located where the former Mall of Memphis once stood at 4451 American Way.

77. Jernigan Capital Hits Investment Milestones -

Jernigan Capital – a publicly traded, Memphis-based provider of capital to self-storage entrepreneurs – is on a tear at the moment.

The company in recent days has closed three new self-storage development investment commitments totaling almost $50 million, including a co-investment of $26.5 million for a proposed 1,424-unit facility in Manhattan. The other investments are for facilities in Knoxville and in the Boston metro area, and construction on all three facilities is set to be finished by the end of second quarter 2018.

78. Last Word: The List Lawsuit, Charlie Morris on 1939 and New Rules for Democrats -

This looks like the end of Grit ‘n’ Grind as we wait for the other shoe to drop following Zach Randolph’s exit from the Grizzlies to Sacramento. There were a lot of rumors Wednesday, the day after Randolph’s $24 million free agency deal, including some about Marc Gasol and the Celtics. And then Tony Allen dropped a Grizz reference from his Twitter account causing even more speculation.

79. East Memphis Office Building Sells for $7 Million -

A 79,000-square-foot office building in East Memphis has switched hands in a multimillion-dollar deal.

Gregory Realty GP purchased the Class B building at 855 Ridge Lake Blvd. for $7 million from Israel-based investors Faropoint Ventures, doing business as Ridge Lake TN Realty Holdings LLC.

80. Friendliness Drives Barcelona’s Attraction -

Friendly. That’s my lasting impression of Barcelona. This northeastern Spain city, perched between the foothills of the Pyrenees and Mediterranean Sea a couple hours south of the French border, goes to the beat of its own Catalan drum. But every beat I encountered was a friendly one, and only cemented my love of this city.

81. $18.5 Million Permit Filed for Central Station Project -

In this week’s Real Estate Recap, developers pull an $18 million permit for the Central Station overhaul, another new Downtown hotel is in the works and the new Laurelwood bookstore gets a restaurant...

82. Darden CEO: Millennials Still Enjoy Chains Like Olive Garden -

NEW YORK (AP) — Millennials may be shunning some habits beloved by past generations, but one restaurant company CEO says they still want to go to sit-down chains like Olive Garden.

"Believe it or not, millennials still want to come to restaurants," Gene Lee, chief executive of Olive Garden's parent company Darden Restaurants, said Tuesday, based on what he said was the company's research.

83. County Budget Vote Delayed But Government Continues To Operate -

Shelby County government’s fiscal year begins Saturday, July 1, but the county won’t have a new operating budget at least until July 10.

That’s when the Shelby County Commission meets in special session to take up an estimated $13 million in amendments various commissioners are proposing to the budget proposal of county mayor Mark Luttrell.

84. SCS, Churches Partner On Student Achievement -

Shelby County Schools superintendent Dorsey Hopson and the leaders of several local faith-based organizations announced a partnership Thursday, June 22, called “One Church, One School.”

85. $18.5 Million Permit Filed For Central Station Project -

The developers of the Central Station, located at 545 S. Main St., filed an $18.5 million building permit application with the city-county Office of Construction Code Enforcement to convert the existing building from residential apartments to a hotel.

86. Snapshot: Hall for Hoops -

Work is winding down on Traditions Hall, the main entrance to the University of Memphis' new men's basketball training facility. The room will have trophies and other memorabilia recognizing the history of success of the men's basketball program. The 58,000-square-foot basketball center will include new practice courts, an academic support center and enhanced weight and training facilities. It is scheduled to open in October.

87. Buffett's Company Lends $1.5B to Home Capital, Invests $300M -

OMAHA, Neb. (AP) — Warren Buffett's company is lending $1.5 billion to Home Capital and spending roughly $300 million to purchase nearly 40 percent of the troubled Canadian lender's stock.

88. Chamber Names 2017 Young Memphian Winners -

The Greater Memphis Chamber has announced its official 2017 Young Memphians list, which will be featured in the summer issue of Memphis Crossroads Magazine.

Nominations for the Young Memphians award were submitted via the chamber’s website, social media outlets and email. All nominees must be under 40 and a member of the Greater Memphis Chamber.

89. Saudi King Names Son Heir as New Generation Encircles Throne -

RIYADH, Saudi Arabia (AP) — Saudi Arabia's King Salman appointed his 31-year-old son Mohammed bin Salman as crown prince on Wednesday, placing him first-in-line to the throne and laying the groundwork for an entirely new generation of royals to take the reins.

90. Council Urges County to Keep Juvenile Court Agreement -

Memphis City Council members approved a resolution Tuesday, June 20, urging county government leaders to keep in place the memorandum of agreement with the Justice Department governing conditions and due process measures at Memphis-Shelby County Juvenile Court.

91. FedEx Corp. Reports Strong Q4, Fiscal Year -

Memphis-based FedEx Corp. reported a record Q4 and full-year earnings at its fourth-quarter earnings call Tuesday, June 20.

92. Many Businesses Not Prepared for Cyber Attacks -

While most local businesses believe a cyber attack or hack could significantly impact their bottom lines, many are not adequately prepared, according to a recent survey by SunTrust Bank.

93. City Council Approves DROP Freeze, Delays Stormwater and Sewer Fee Votes -

The city has its third voluntary freeze on retirements in two years with a Tuesday, June 20, vote by the Memphis City Council. But it came after lots of council debate about whether the freeze might have the opposite overall effect of stabilizing the Memphis Police force at the top for future growth in the ranks below or whether it will prompt the middle ranks to exit quicker if they can’t rise in the ranks.

94. Events -

Talk Shoppe will meet Wednesday, June 21, from 9 a.m. to 10 a.m. in NovaCopy’s conference room, 7251 Appling Farms Parkway. Diane Neal of USHealth Advisors will present “Helping Small-Business Owners, Self-Employed and Families Get Affordable Health Coverage.” Cost is free. Visit talkshoppe.com.

95. UK Moves to Ease Tensions After Van Attack on London Muslims -

LONDON (AP) — British authorities and Islamic leaders moved swiftly to ease concerns in the Muslim community after a man plowed a large van into a crowd of worshippers outside a north London mosque early Monday, injuring at least nine people.

96. Tensions Rise in Syria as Russia, Iran Send US Warnings -

BEIRUT (AP) — Russia on Monday threatened aircraft from the U.S.-led coalition in Syrian-controlled airspace and suspended a hotline intended to avoid collisions in retaliation for the U.S. military shooting down a Syrian warplane.

97. Events -

The city of Germantown’s Groovin’ and Grillin’ Concert Series wraps up Tuesday, June 20, from 6 p.m. to 8:30 p.m. at the Kiwanis Pavilion at Municipal Park on Exeter Road. Bluff City Soul Collective will perform at 7 p.m. Concert is free; hot dogs and hamburgers available for purchase. Visit germantown-tn.gov.

98. Made By Project Generates New Ideas And Goals to Support Memphis Makers -

A new business plan competition and a nine-week cohort program are the first two recommendations to come out of a plan in support of Shelby County’s Made By Project, an effort to understand the needs and goals of “makers,” artisans and micro-manufacturers in Memphis and Shelby County.

99. Commission OKs Funding For Old Forensic Center -

Shelby County Commissioners approved a $4 million contract with Jaycon Development Corp. Monday, June 12, for the renovation of 1060 Madison Ave., which served as the county forensic center until 2012 and is slated to become the new location of the Rape Crisis Center and the Crime Victims Center.

100. Wunderlich Seeks $100K Improvement Grant for One Commerce Move -

Wunderlich Securities Inc. is seeking a $100,000 grant from the Center City Development Corp. for the coming move of its headquarters to One Commerce Square.