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Editorial Results (free)

1. Congress Nears Dismantling of Post-Crisis Bank Rules -

WASHINGTON (AP) – Congress was taking a final step Tuesday toward dismantling a chunk of the rules framework for banks installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes.

2. Wells Fargo Reportedly Altered Customer Docs; Exec Retires -

NEW YORK (AP) – Wells Fargo employees in its wholesale banking business allegedly improperly altered information on documents related to corporate customers, The Wall Street Journal reports.

3. Three Projects Get Green Light from EDGE Board -

The Economic Development Growth Engine for Memphis and Shelby County approved a trio of projects that could create as many as 255 new jobs and retain nearly 300 more during a busy Wednesday, May 16, agenda. 

4. Snapshot: Downtown’s Newest Digs Almost Ready -

Construction crews are putting the finishing touches on Patterson Flats just east of the South Main Historic Arts District Downtown. The 175-unit residential project, which is being developed by Nashville-based Elmington Capital Group, fills 3.7 acres between G.E. Patterson and Butler avenues.

...

5. Last Word: Veto Override Drama, Iran Reaction & Rise of the Rest Meets Soundways -

Shelby County Commissioners have a busy committee day Wednesday with a budget presentation – county mayor Mark Luttrell’s final one as the county’s chief executive, more discussions about the Graceland plan and a veto override.

6. Stengel Elected President Of Construction Counsel Association -

Evans Petree PC shareholder Elizabeth B. Stengel has been elected the first female president of the Tennessee Association of Construction Counsel, a not-for-profit professional association of Tennessee attorneys with practices related to the construction industry.

7. Two Large Industrial Portfolios in Southeast Memphis Sold -

4049 Willow Lake Blvd., Memphis, TN 38118 (portfolio)

Sale Amount: $21.8 million

Buyer: Faropoint Ventures

Buyer Rep: Brian Califf, NAI Saig Co.

8. Fred’s CEO Resigns, Replaced By CFO -

The CEO of Memphis-based discount retailer Fred’s Inc. has left the company, less than two years into his run as the top executive and on the heels of a particularly volatile period for Fred’s that has seen other management shuffles, an uncertain turnaround strategy and a plummeting stock price.

9. Fred’s CEO Resigns, Replaced By CFO -

The CEO of Memphis-based discount retailer Fred’s Inc. has left the company, less than two years into his run as the top executive and on the heels of a particularly volatile period for Fred’s that has seen other management shuffles, an uncertain turnaround strategy and a plummeting stock price.

10. Memphis Army Depot, CA Building Get New Owners -

2028 Memphis Depot Pkwy.
Memphis, TN 38114

Sale Amount: $50 million

11. E. Coli Outbreak Linked to Romaine Lettuce Grows to 84 Cases -

PHOENIX (AP) – The E. coli outbreak linked to tainted romaine lettuce has grown and sickened 84 people from 19 states, U.S. health officials said Wednesday.

At least another 31 cases are believed to be tied to romaine lettuce grown in Yuma, Arizona, the U.S. Centers for Disease Control said.

12. Last Word: Graceland's New Map, Weighted Caseloads and Rallings on Duran -

I’ve been thinking a lot about the term budget season and what that means in our political culture. My thought is we need to make this more season than process in the same way that we have made May more than just the last full month of spring. We should celebrate reprogramming and enterprise funds. Why hasn't someone written an ode to OPEB or at least done an OPEB mural? -- unless that was one of the ones on Willet that got painted over by mistake.

13. Mayor Strickland Takes Third Budget Proposal to City Council -

Memphis Mayor Jim Strickland takes his third budget proposal to the Memphis City Council Tuesday, April 24, opening City Hall’s budget season with what is expected to be a budget that keeps the city property tax rate stable.

14. Chemical Weapons Team in Syria Kept From Alleged Attack Site -

DOUMA, Syria (AP) — Syrian and Russian authorities prevented independent investigators from going to the scene of a suspected chemical attack, the head of the chemical watchdog group said Monday, blocking international efforts to establish what happened and who was to blame.

15. Local Experts: Health Care So Far Immune to Simplification and Lower Costs -

That Walmart may be close to acquiring the health insurer Humana is one signal that we’re in not just a period of change for the health care industry, but a fundamental reshaping of the landscape and a shifting of the players involved.

16. Volkswagen Replaces CEO Mueller, Announces New Structure -

FRANKFURT, Germany (AP) – Volkswagen replaced CEO Matthias Mueller with core brand head Herbert Diess on Thursday and said it is creating a new management structure to enable faster decision-making as autonomous and electric cars transform the industry.

17. Agency Hopes New Homes In Orange Mound Bring Stability -

On a barely two-lane road in Orange Mound, neighbors were taking a look Monday, April 9, at a new duplex on Ethel Street.

18. Former FHN Communications Chief Launches New Venture -

Back in the summer, Memphis-based First Tennessee Bank was listed as the fifth most reputable bank in the nation in a report from the industry-focused news publication “American Banker.”

19. Memphis Genotyping Company Acquired by Private Equity Firm -

Transnetyx, a Memphis-based automated genotyping company that serves biomedical researchers around the world, has been acquired by a St. Louis-based private equity firm.

Thompson Street Capital Partners has struck a deal to acquire YX Genomics Holding Corp., the holding company of Transnetyx whose other wholly owned subsidiaries include YX Services and RobotYX. A Transnetyx spokesman said the purchase price is not being disclosed.

20. McCann Launches Nonprofit Eating Disorders Association -

Teri Hardister McCann, founder and executive director of Fairhaven Treatment Center for Eating Disorders, has launched the Mid-South Eating Disorders Association, a nonprofit organization for treatment providers seeking to build community, access educational opportunities, and build awareness of treatment options for eating disorders. McCann serves as the founding president of MSEDA.

21. Frontier Gun Maker Remington Seeks Bankruptcy Protection -

Remington, the storied gun maker that began turning out flintlock rifles when there were only 19 states in the Union, has filed for bankruptcy reorganization amid years of slumping sales and legal and financial pressure over the Sandy Hook school massacre.

22. CSE’s Martin Helping Students Find Their Voice -

Katie Martin’s required coursework in her dual degree master’s program at the University of Texas in Austin had the Texas native walking the length of a specific dichotomy every day.

23. Scandal-Hit Weinstein Co. Files for Bankruptcy Protection -

NEW YORK (AP) – The Weinstein Co. filed for bankruptcy protection on Monday with a buyout offer in hand from a private equity firm, the latest twist in its efforts to survive the sexual misconduct scandal that brought down co-founder Harvey Weinstein, shook Hollywood and triggered a movement that spread out to convulse other industries.

24. Students: 1 Million Expected at Anti-Gun-Violence Marches -

NEW YORK (AP) – Students from the Florida high school where 17 people were fatally shot last month expect more than 1 million participants in upcoming marches in Washington and elsewhere calling for gun regulations, students said Monday.

25. Memphis Investment Firm Wins Industry Award -

Highland Capital Management in Memphis has been awarded a Top Guns designation by Informa Investment Solutions’ PSN manager database, North America’s longest-running database of investment managers.

26. Capital Financial Group Completes Move to Tower -

Capital Financial Group has moved into the 23rd floor at Clark Tower, where it is now operating from its Memphis headquarters in 14,486 square feet.

Jerry Corless, president of Capital Financial Group, said recent improvements to the high-rise were critical factors in making the move, first reported by The Daily News last year.

27. Riviana, Ebrofrost Continue Work On $26M Frozen Food Facility -

2360 Prospect St.

Memphis, TN 38106

Permit Amount: $3.1 million

Project Cost: $26.5 million

Application Date: March 2018

Owner: Riviana Foods

28. Without Toys R Us, 30,000 Jobs, A Black Hole for Toy Makers -

NEW YORK (AP) – The demise of Toys R Us will have a ripple effect on everything from toy makers to consumers to landlords.

The 70-year-old retailer is headed toward shuttering its U.S. operations, jeopardizing the jobs of some 30,000 employees while spelling the end for a chain known to generations of children and parents for its sprawling stores and Geoffrey the giraffe mascot.

29. Last Word: The Memphis Hub Modernization, Gun Protests and MLK 50 Plans -

Back in January, the FedEx board approved a $3.2 billion package that had pay raises, bonuses and similar items that have become the corporate reaction to federal tax reform that set a lower rate of taxation for companies that repatriate money they have overseas. There was a mention of $1.5 billion for the Indianapolis hub and unspecified plans for the Memphis hub to come later. And later was yesterday in a pretty modest announcement at Signature Air given the scope of what FedEx has planned for its Super Hub here.

30. Capital Financial Group Completes Move to Tower -

Capital Financial Group has moved into the 23rd floor at Clark Tower, where it is now operating from its Memphis headquarters in 14,486 square feet.

Jerry Corless, president of Capital Financial Group, said recent improvements to the high-rise were critical factors in making the move, first reported by The Daily News last year.

31. Memphis Investment Firm Wins Industry Award -

Highland Capital Management in Memphis has been awarded a Top Guns designation by Informa Investment Solutions’ PSN manager database, North America’s longest-running database of investment managers.

32. Novel Approach -

The smallest of the city’s 17 public libraries is also one of its most used. The Frayser Branch library is a brick-and-glass rectangle on a half-acre at 3712 Argonne St. With some modest columns and shrubs, a few planters and cinderblock lattice work, it is shoe-horned into the side of a hill in a residential neighborhood a block from the commercial corridor of North Watkins Road still dominated by churches.

33. AgLaunch Finds Traction In Intersection of Startups, Investors and Farmers -

Jan Bouten, a partner in Innova, the local early stage investment capital group, has some basic standards when deciding on startup companies to invest in.

He looks for “a solid team with a lot of experience in business” and the founders of AgriSync, an Iowa ag tech startup, checked that box.

34. Trey Carter Honored Among Top 35 Millennial Influencers -

Patrick “Trey” Carter III has been named one of the Top 35 Millennial Influencers in the Country by the Next Big Thing Movement, a global network of more than 20,000 young professionals and creatives. Carter, president of Olympic Career Training Institute and an active community volunteer, is the only Tennessean to be included on the list. He will be honored Saturday, March 10, at NBTM’s Forward Conference in New York City alongside other influencers, including “The Daily Show” host Trevor Noah, Teen Vogue editor Elaine Welteroth and YouTube vlogger Tyler Oakley.

35. New Construction North Of State Line Highlights Busy Q4 -

A flurry of large-scale build-to-suit projects north of the Tennessee-Mississippi state line – the first of their kind in a decade – capped off a busy 2017 for the Memphis industrial market, which closed the fourth quarter with 665,896 square feet of net absorption, according to Cushman & Wakefield/Commercial Advisors’ latest Marketbeat report.

36. RBG Promotes Callicutt To Audit Partner -

Accounting firm Reynolds, Bone & Griesbeck PLC recently promoted Joseph D. Callicutt Jr. to audit partner from the position of senior audit manager. Callicutt, a certified public accountant and 10-year RBG employee, works exclusively in the financial institutions industry niche and oversees audit, tax and consulting services, including outsourced internal audit, interest rate risk management, bank profitability and efficiency, and strategic planning facilitation for RBG’s financial institution clients. 

37. Buffett Says Tax Cuts Provide Huge Boost to US Businesses -

OMAHA, Neb. (AP) – Billionaire Warren Buffett says American businesses are getting a significant boost from the tax overhaul, but health care costs remain a drag so he hopes a new initiative his company started with Amazon and JP Morgan Chase will deliver significant savings.

38. Events -

The National Civil Rights Museum and the University of Memphis Benjamin L. Hooks Institute for Social Change will present “The Poverty Report: Memphis Since MLK” during a forum and panel discussion Tuesday, Feb. 27, from 6 p.m. to 9 p.m. at NCRM, 450 Mulberry St. The report details how African-Americans and the poor have fared in Memphis and Shelby County over the past 50 years. Cost is free. RSVP at civilrightsmuseum.org.

39. Not Your Father’s Office Building -

2017 was a big year for Clark Tower, with more than $9 million in physical improvements. But perhaps one of the biggest changes to the 34-story East Memphis office tower, located at 5100 Poplar Ave., is a change in perception.

40. Sweet Spot -

They nearly gave up, almost put away their pastry bags, their icing pens, their cake molds and shut down operations at home. Short of funds, the family’s prospects looked grim. “It started out really slow,” said Bill Kloos, who was a chef at the time, helping his parents rustle up clients. “There was no capital. No money. They came close to giving up a lot of times.”

41. Last Word: Filing Deadline, Case & Vance In May and Paul Manafort at the Rivermont -

By our count, when the noon Thursday deadline for candidates in the May county primaries has come and gone, there could be -- could be -- four incumbent county commissioners who are effectively re-elected to their seats for another four-year term. And we already know the commission will have at least seven new faces in September. More interesting is that there are only four sets of primaries – all for countywide offices – that have multiple contenders in each primary. That’s out of 23 offices on the primary ballot.

42. Case, Vance Bringing 'Rise of the Rest' Startup Fund to Memphis This May -

The co-founder of America Online is coming to Memphis this May with his investment fund to hear pitches from local startup companies and award $100,000 in seed funding to one of them.

Steve Case, the chairman and CEO of the Washington, D.C.-based venture capital firm Revolution, and venture capitalist and author J.D. Vance are leading the second leg of the current Rise of the Rest bus tour. Rise of the Rest is also the name of the seed fund.

43. Hotel Indigo, Trader Joe’s Move Ahead -

22 N B.B. King Blvd., Memphis, TN 38103: Atlanta-based Three P Partners has filed a $5 million building permit application with the Office of Construction Code Enforcement to construct a 118-room Hotel Indigo at the corner of North B.B. King Boulevard and Court Avenue.

44. City Council Approves 2 Percent Gas and Electric Rate Hikes -

Memphis City Council members approved gas and electric rate hikes Tuesday, Feb. 6, for Memphis Light Gas and Water Division effective in July.

The two percent rate hikes for each of the sectors came after a prolonged council debate and a council vote that initially voted down the 2 percent rate hike for gas.

45. Fred’s Pays $100K Hiring Bonus to Second CFO in Seven Months -

Scroll through the headlines on any financial news-related service – or just look at a stock performance chart – and the news out of Memphis-based retailer Fred’s Inc. has been, in a word, grim.

46. Fred’s Changes CFOs for Second Time in Seven Months -

Memphis-based retailer Fred’s Inc. has replaced its CFO for the second time in less than a year. Fred’s on Thursday, Feb. 1, announced the appointment of Joseph Anto as executive vice president and CFO, effectively immediately. He succeeds Jason Jenne, who was appointed CFO in July and is leaving the company.

47. Council Reopens MLGW Rate Hike Consideration, Approves Term Limit Referendum -

Memphis City Council members decided Tuesday, Jan. 23, to take a second look at the gas and electric rate-hike proposals they rejected two weeks ago, but put off any new votes on the matter until February.

48. Council Reopens MLGW Rate Hike Consideration, Approves Term Limit Referendum -

Memphis City Council members decided Tuesday, Jan. 23, to take a second look at the gas and electric rate hike proposals they rejected two weeks ago. But they put off any new votes on the matter until the first council meeting in February after what is expected to be a lengthy discussion in committee earlier that same day at City Hall.

49. Council Talks With Head of TVA, Votes on Two More Ballot Questions -

Memphis City Council members talk with Tennessee Valley Authority president Bill Johnson Tuesday, Jan. 23, meet Mayor Jim Strickland’s nominee to replace retiring Memphis Light, Gas and Water Division president Jerry Collins and may renew discussions of electric and gas rate hikes proposed by MLGW that it voted down two weeks ago.

50. Christ Community Health Expanding on Broad Ave. -

Christ Community Health Services has received a $1 million federal capital grant to expand and renovate its Broad Avenue Health Center, 2861 Broad Ave., a project that includes a 2,480-square-foot addition and renovation of the existing 8,000-square-foot facility.

51. Christ Community Health Expanding Broad Ave. Clinic -

Christ Community Health Services has received a $1 million federal capital grant to expand and renovate its Broad Avenue Health Center, 2861 Broad Ave., a project that includes a 2,480-square-foot addition and renovation of the existing 8,000-square-foot facility.

52. Christ Community Health Services Expanding Broad Ave. Clinic -

Christ Community Health Services has received a $1 million federal capital grant to expand and renovate its Broad Avenue Health Center, at 2861 Broad Ave., a project that includes a 2,480-square-foot addition and renovation of the existing 8,000 square foot facility.

53. County Commission Wants to Firm Up Minority Contract Rules -

Shelby County commissioners approved a $1.6 million contract Monday, Jan. 8, for mobile data terminals, tablets and wireless routers for the Shelby County Sheriff’s Office.

The contract with Tate Computer Systems Inc. is an entry into a system of body cameras for sheriff’s deputies. Capital funding for the hardware came from a line item for a delayed health clinic that will be built in the next fiscal year, according to county chief administrative officer Harvey Kennedy.

54. Retail Workers Feel Disruption From Shifting Shopper Habits -

NEW YORK (AP) – With new options and conveniences, there's never been a better time for shoppers. As for workers ... well, not always.

The retail industry is being radically reshaped by technology, and nobody feels that disruption more starkly than 16 million American shelf stockers, salespeople, cashiers and others. The shifts are driven, like much in retail, by the Amazon effect – the explosion of online shopping and the related changes in consumer behavior and preferences.

55. AP Source: Former Uber CEO Kalanick Selling Part of Stake -

DETROIT (AP) — Uber co-founder and former CEO Travis Kalanick will sell 29 percent of his stake in the ride-hailing service, a person briefed on the deal says.

The sale is part of a transaction with investors that includes Softbank Group Corp. and would bring Kalanick about $1.4 billion, according to the person, who asked not to be identified because the sale terms are private. Kalanick had not previously sold Uber shares but decided to do so now to diversify his holdings, the person said.

56. Gibson Guitar Factory Property Fetches $14.4M, New Midtown Tiki Bar Opening Soon -

145 Lt. George W Lee Ave.

Memphis, TN 38103

Sale Amount: $14.4 million

Sale Date: Dec. 27, 2017

Buyer: Somera Road Inc., Tricera Capital

57. Summer Ave. Retail Building Gets New Owner -

A 10,000-square-foot retail building on Summer Avenue has sold for $500,000.

Commercial Capital Group LLC purchased the property at 4798 Summer Ave., which currently houses Plasma Biological Services, from Irvin D. Califf, the Sue Ballin Family Trust and M.N. Silverman. NAI Saig Co. executive vice president Brian Califf and executive sales associate Daniel McPhail represented the sellers in the deal.

58. US Consumer Confidence Dips in December, Remains Strong -

WASHINGTON (AP) – Americans were a bit less confident about this economy this month than they were in November, but their spirits remained high overall during the holiday shopping season.

59. Insurer Humana Pushes Deeper Into Delivery of Health Care -

Humana will buy part of Kindred Healthcare's home health business, the latest example of a health insurer growing more involved in the delivery of care on top of handling the bills for it.

The insurer said Tuesday it will pay about $800 million in cash for a 40-percent stake in the business, which includes hospice care and serves about 130,000 patients daily. The remaining stake will be purchased by the private equity firms TPG Capital and Welsh, Carson, Anderson & Stowe.

60. 2017 a Year of Expansion for Memphis Banks -

The biggest banks in Memphis made aggressive pushes this year to raise their profiles and expand footprints, as competition in the sector heats up and the industry continues winning back the strength it enjoyed before the bust of 2008.

61. Cooper-Young Historic District, Shelby Farms Mixed-Use Project Approved by LUCB -

During its last meeting of 2017, The Shelby County Land Use Control Board tackled a particularity large slate of notable projects, including a massive $142 million mixed-use development on the outskirts of Shelby Farms and the fate of Cooper-Young’s Landmarks status.

62. Gibson Guitar Factory Sale Clears First Hurdle -

The Center City Revenue Finance Corp. approved a lease transfer request by the new owners of the Gibson Guitar Factory in Downtown Memphis on Tuesday Dec. 12, effectively clearing the way for the lengthy redevelopment process to begin.

63. WA -

Good morning, Memphis! Dust off your robes and lightsabers, because the latest “Star Wars” movie hits theaters this week. Of course, there’s plenty more to keep you busy in the coming days. Here’s what you need to know about in The Week Ahead – no Jedi powers required.

64. Week Ahead -

Good morning, Memphis! Dust off your robes and lightsabers, because the latest “Star Wars” movie hits theaters this week. Of course, there’s plenty more to keep you busy in the coming days. Here’s what you need to know about in The Week Ahead – no Jedi powers required.

65. The Week Ahead: Dec. 11-17 -

Good morning, Memphis! Dust off your robes and lightsabers, because the latest "Star Wars" movie hits theaters this week. Of course, there's plenty more to keep you busy in the coming days. Here's what you need to know about in The Week Ahead - no Jedi powers required.

66. Last Word: Grizz Ownership Moves, Confederate Deadline and Medical Family Tree -

As many of us were focused on Tigers football and the journey to Orlando last week, there was word that either both or one of the two minority owners of the Grizz had exercised a buy-sell provision in the NBA team’s unique ownership agreement. And what could be a fight for control of the team’s ownership is underway. The sports website The Athletic broke the story last Thursday. Here it is. It also talks about the timing of this coming with the controversial sacking of David Fizdale, an interim coach at the helm of a changing team and lead owner Robert Pera’s lack of visibility in all things Grizz around the city.

67. Memphis Fusion -

With more than 40 life science companies operating in the Greater Memphis area and Shelby County ranking second in the U.S. for orthopedic device manufacturing, the Mid-South can stake its claim as one of the top medical device markets in the world.

68. Lake District Developer Pays Back Lender, Project 'Gathering Steam' -

A little more than a month after Gilad Development Co. began demolition of the shuttered Lakeland Factory Outlet Mall to pave way for the $375 million Lake District project, the developers have cleared another major hurdle.

69. Meat-Loving Arby's to Buy Buffalo Wild Wings for $2.4B -

NEW YORK (AP) – Arby's said Tuesday that it is buying Buffalo Wild Wings for about $2.4 billion, making it the latest casual restaurant chain to be taken private.

Buffalo Wild Wings, which serves chicken wings in a sports bar-like atmosphere, has reported falling sales as it and other casual restaurants lose customers to cheaper and faster chains. In the most recent quarter, it reported a 2.3 percent sales drop at its established restaurants.

70. Destined for Greatness -

A modest eight-unit apartment building in the shadows of the $200 million Crosstown Concourse may not carry the name value or financial gravitas of its massive neighbor, but for a group of local kids, it has the chance to change their lives.

71. Council Moves Toward Alcohol on Main Street -

Memphis City Council members delayed a final vote Tuesday, Nov. 21, on an ordinance that sets out options for the removal of statues of Nathan Bedford Forrest and Jefferson Davis in city parks, but moved forward on a proposal to allow open alcohol containers and consumption on Main Street.

72. Museum of the Bible, Built by Hobby Lobby Owner, Opens in DC -

WASHINGTON (AP) – Eight years ago, Hobby Lobby president Steve Green found a new way to express his Christian faith. His family's $4 billion arts and craft chain was already known for closing stores on Sundays, waging a Supreme Court fight over birth control and donating tens of millions of dollars to religious groups.

73. Shelby Farms Draws $142 Million, 71-Acre Development -

Elmington Capital Group has submitted plans for a 71-acre senior housing, apartment and single-family development next to Shelby Farms Park. Dwell at Shelby Farms is a new $142 million development to be located on the north side of Raleigh-LaGrange Road near the intersections of Trinity and Fischer Steel roads.

74. US Air Force Official: Missile Targeting Saudis Was Iranian -

DUBAI, United Arab Emirates (AP) — Iran manufactured the ballistic missile fired by Yemen's Shiite rebels toward the Saudi capital and remnants of it bore "Iranian markings," the top U.S. Air Force official in the Mideast said Friday, backing the kingdom's earlier allegations.

75. Shelby Farms Draws New 71-Acre, $142M Development -

In a joint venture with Charles Crews of Crews Investment Holdings, Nashville-based Elmington Capital Group has submitted plans to the Office of Planning and Development for a 71-acre senior housing, apartment and single-family development next to Shelby Farms Park.

76. Last Word: Rape Kits Deposition, Pre-K Kickoff and Parkside Gets Company -

A retired Memphis Police Lieutenant was deposed Wednesday in East Memphis as part of the ongoing civil lawsuit in Circuit Court over the city’s 12,000 untested rape kits. Cody Wilkerson had been a detective in the police sex crimes unit and said Wednesday in the deposition that police brass, including Col. Marcus Worthy – his supervisor in sex crimes – oversaw cases in which rape kits were routinely shelved and forgotten about.

77. Nashville Developers Planning Massive 71-Acre Project Near Shelby Farms -

Nashville-based Elmington Capital Group has submitted plans to the Office of Planning and Development for a 71-acre senior housing, apartment and single-family development next to Shelby Farms Park.

78. Sports Complex Remains Driver of Fairgrounds Redevelopment Plan -

Parts of the city’s tentative plan for redevelopment of the Mid-South Fairgrounds may still come and go and the cost estimates could vary. But Memphis Mayor Jim Strickland’s administration made it clear at a Monday, Nov. 6, public meeting to unveil the most specific plan yet that a youth sports tournament complex is the anchor and driver of the financing for a redevelopment covering 175 acres.

79. City's Tentative Fairgrounds Plan Confirms Separating Coliseum from Youth Sports -

Memphis Mayor Jim Strickland’s tentative plan for the redevelopment of the Mid-South Fairgrounds, presented Monday, Nov. 6, included a renovation of old Melrose High School in neighboring Orange Mound and a confirmation that the city administration doesn’t think the Mid-South Coliseum should be part of a youth sports tournament complex.

80. Iconic E. Memphis Office Building Sells for $19.7M -

Nashville-based Magnolia Capital Investments has purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investors, Faropoint Ventures. Faropoint intends to reinvest proceeds from the sale to buy other Memphis properties.

81. Trustmark Centre Sells for Nearly $20M -

An iconic East Memphis office building has switched hands for $19.7 million.

Nashville-based Magnolia Capital Investments has purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investment group Faropoint Investments.

82. Real Estate Market In Focus At Seminar -

The Daily News will host its annual Commercial Real Estate Review & Forecast Seminar on Thursday, Nov. 2, at the Memphis Brooks Museum of Art, 1934 Poplar Ave.

83. Highland Row Owner Secures $245M in Capital -

Indianapolis-based developer Milhaus, which currently owns the Highland Row in Memphis, has secured $245 million in new capital from FrontRange Capital Partners, StepStone Group Real Estate LP, and a group of internal investors.

84. Clicking on All Cylinders -

Memphis is a city on the precipice of change as projects that were once deemed impossible – like ServiceMaster’s Downtown headquarters or Crosstown Concourse – have emboldened developers and city officials to shoot for the moon.

85. Effects Of E-commerce, Amazon Among Seminar Topics -

The growth of e-commerce has been one of the most transformative trends in real estate over the past few years and Memphis’ unique geography has it poised to reap the benefits.

While the more traditional industrial projects like Amazon’s proposed 615,440-square-foot receiving center at 3292 Holmes Road or DHL’s planned 580,000-square-foot distribution facility less than a mile to the south come to mind, the ripple effects of this can be felt in other areas as well, such as in typical brick-and-mortar retail operations.

86. Big Question For US Cities: Is Amazon's HQ2 Worth The Price? -

WASHINGTON (AP) – Dozens of cities are working frantically to land Amazon's second headquarters, raising a weighty question with no easy answer:

Is it worth it?

Amazon is promising $5 billion of investment and 50,000 jobs over the next decade and a half. Yet the winning city would have to provide Amazon with generous tax breaks and other incentives that can erode a city's tax base.

87. Seminar To Feature ULI Emerging Trends Report -

For the second straight year, ULI Memphis is partnering with The Daily News to present its 2018 Emerging Trends Report on Thursday, Nov. 2, at the Memphis Brooks Museum of Art.

The report will immediately precede TDN’s Commercial Real Estate Review & Forecast Seminar, where a panel of local real estate experts will discuss how these trends will affect the Memphis area.

88. City Lays Out Numerous Options in Confederate Monuments Controversy -

The city administration and Memphis City Council laid out numerous paths forward in the Confederate monuments controversy Tuesday, Oct. 17, that include closing Health Sciences Park entirely or building a memorial to lynching victims in the park plaza where a statue of Nathan Bedford Forrest is now the centerpiece.

89. Shelby County to Overhaul Criminal Justice Center -

201 Poplar Ave.
Memphis, TN 38103

Permit Amount: $17 million

Application Date: October 2017

90. Ring Partners With Conagra On PAM Spray Bottles -

Ring Container Technologies, a product packaging and plastic container manufacturing company based in Oakland, Tennessee, has completed a collaboration with Conagra Brands to create a new plastic bottle for PAM Cooking Spray.

91. Apartment Community Sells for $50 Million -

One of Memphis’ largest apartment communities, the 1,002-unit Madison Cypress Lakes Apartments, has sold for $47.8 million, or $47,704 per unit.

Rockville, Maryland-based CAPREIT, working as Tilden Fundamental Cypress Lakes Apartments LLC, bought the East Memphis property Friday, Oct. 6, from Water Grove Investors LLC, an affiliate of Philadelphia-based Madison Apartment Group LP.

92. Last Word: 'Seismic Shift,' Mason Village and Running A Store From A Cloud -

It doesn’t take a lot of imagination to drive through the old town part of Cordova near its one-time train station and see the potential. Now word of a new restaurant opening later this month in what is known as Farley House. The old town is an interesting mix of new development and old development including an iconic country Baptist church that not too long ago turned 100 years old. And then there is the trail head for the Shelby Farms Greenline that runs near the train station.

93. First Music Project Funded Through Memphis Slim House Loan Program -

Attendees of the Eric Hughes Band’s CD release party next week won’t see everything that goes into making a collection of tunes like the band’s latest.

The album – “Meet Me in Memphis” – and band will be feted Oct. 21 at the warehouse behind Earnestine & Hazel’s during a bash that includes live music and food by Central BBQ. Among the things that won’t be apparent amid the festivities, though, is all the work that goes into an undertaking like this, and the honing of chops that for Hughes has meant playing about 3,000 shows in Memphis since 2001.

94. Last Word: Corker's Touchstone, Quonset Rehab and The Methodist Chart -

More invective from the White House directed at U.S. Senator Bob Corker since we last met here. And it is now becoming a sort of political prairie fire among Republicans in the Beltway per The New York Times.

95. Investor Buys Quince Road Apartments for $47.8 Million -

One of Memphis’ largest apartment communities, the 1,002-unit Madison Cypress Lakes Apartments, has sold for $47.8 million, or $47,704 per unit.

Rockville, Maryland-based CAPREIT, working as Tilden Fundamental Cypress Lakes Apartments LLC, bought the East Memphis property Friday, Oct. 6, from Water Grove Investors LLC, an affiliate of Philadelphia-based Madison Apartment Group LP.

96. Ring Partners With Conagra on PAM Spray Bottles -

Ring Container Technologies, a product packaging and plastic container manufacturing company based in Oakland, Tennessee, has completed a collaboration with Conagra Brands to create a new plastic bottle for PAM Cooking Spray.

97. Jump Around With The Fans In Madison -

Weather makes all the difference in making a destination a memorable or miserable experience. Chalk fall up as a fantastic time to visit Wisconsin.

I spent a long weekend to close out September in Madison, Wisconsin, with a quick stopover in Chicago. Specifically, I visited Madison and had a day in Chicago before flying home late Sunday night. I chose to fly direct to Chicago instead of making a connection to fly into Madison. It was cheaper and I also had friends driving up from Cincinnati. So we all drove on together from Chicago, about a two-hour drive.

98. Hotel Management Co. to Buy Up to $400M in Properties -

Wright Investments, a Memphis-based hotel management, investment and project management company, is planning to acquire up to $400 million in hotel properties over the next two to three years by investing the firm’s newly raised Hospitality Opportunity Fund II.

99. Last Word: Pantographs & Catenaries, Grizz Uncertainty and Tuesdays Without Morrie -

After three years off the rails, the first significant indications that the trolleys are about to return. It was just a two-block ride that includes the Memphis Area Transit Authority trolley barn on North Main and one very new trolley. But it is a start through what is a very technical and bureaucratic process involving lots of safety vests, clipboards and video cameras.

100. GPAC Planning New Open-Air Venue -

1801 Exeter Road, Germantown, TN 38138

Owner: Germantown Performing Arts Center