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Editorial Results (free)

1. Startup Teams Announced for ‘Summer Of Acceleration’ -

Monday, May 2, marked Day One of Memphis’ first “summer of acceleration,” a joint program of seven startup accelerators running concurrently that have collectively drawn the participation of 18 startup teams and dozens of founders hailing from as far away as Slovenia and Israel.

2. Commission Approves Houston High Project -

Shelby County Commissioners approved Monday, April 25, the Germantown Municipal School Dis-trict’s use of $196,521 for a repaving project at Houston High School. The county capital funding is left from HVAC renovations at Dogwood Elementary School.

3. Financial Adviser, To Millennial Investors: Don’t Rush -

As a financial adviser with Morgan Stanley Global Wealth Management in Memphis, Kevin Kimery’s vantage point gives him visibility into the full spectrum of investment behaviors and client types – as well as common mistakes he sees new investors make.

4. Grinding Recovery -

Michael Drury is watching the current U.S. presidential season with a combination of professional detachment and an air of resignation.

Detachment, because part of his job as chief economist at Memphis-based McVean Trading & Investments is to keep abreast of what makes economies around the world tick. Part of that, of course, means at least some degree of focus on the man – or, possibly a few months from now, the woman – who sits astride the dominant global economy.

5. Commission Approves Houston High Project -

Shelby County Commissioners approved Monday, April 25, the Germantown Municipal School District’s use of $196,521 for a repaving project at Houston High School. The county capital funding is left from HVAC renovations at Dogwood Elementary School.

6. County Commission Delays Vote on Police Body Camera Positions -

Shelby County Commissioners put off a vote Monday, April 25, on funding related to police in-car and body cameras for the District Attorney General’s office.

Commissioners voted 10-1 to send the item back to committee for a discussion that will center on what the larger plan is for more than equipping Memphis Police officers with the cameras.

7. The Week Ahead -

It’s a new week that ends with Music Fest, Memphis! Here’s a roundup of other local happenings you need to know about, from some important government meetings, to corporate earnings reports and a new exhibit set to open at the Memphis Zoo.

8. EDGE Considering Fast-Track Incentive Program, Diversity Spend Changes -

The Memphis-Shelby County Economic Development Growth Engine has started work on a new tax incentive program that would help Memphis compete with North Mississippi for industrial projects.

At its April 20 meeting, EDGE board chairman Al Bright appointed a committee to evaluate a proposed Fast Track PILOT and hammer out its policies and procedures.

9. $12.6M Building Permit For New Ballet Memphis HQ -

2144 Madison Ave.
Memphis, TN 38104
Permit Amount: $12.6 million

Owner: Ballet Memphis
Tenant: Ballet Memphis
Architect: Archimania
Contractor: Grinder, Taber & Grinder
Details: Ballet Memphis is setting the stage for its Overton Square headquarters as Grinder, Taber & Grinder recently applied for a $12.6 million building permit for new construction.

10. Memphis' Startup Accelerators Teaming Up This Summer -

For several years now, Memphis hasn’t been home to a unified hub of startup companies and activities so much as a collection of startup archipelagos, the disparate factions of activity sometimes duplicating the work of other groups.

11. Last Word: Budget Basics, A Peak At Greensward Mediation and Elvis & Nixon -

Spurs 94 – Grizzlies 68 in game 2 of the NBA playoffs. The TNT post-game show just showed the highlights of the game while Shaq and Charles Barkley talked about how big the women are in San Antonio. I’m not making this up. They didn’t even try to talk about the game. This is just grim.

12. Ballet Memphis Files Permit For Overton Square HQ -

Ballet Memphis is setting the stage for its Overton Square headquarters as Grinder, Taber & Grinder recently applied for a $12.6 million building permit for new construction.

In 2015, Ballet Memphis purchased the former French Quarter Inn, at the corner of Madison Avenue and North Cooper Street. Demolition on the shuttered hotel began in October.

13. Sale of Former Memphis Police Headquarters Set for May -

The tours and inspections are done for now. And City Hall’s timeline for selling the circa-1910 Memphis Police headquarters at 128 Adams Ave. is a bit behind schedule.

14. 4 Fed Leaders Face Questions About Their Powerful Jobs -

WASHINGTON (AP) – Janet Yellen was put on the spot about whether she made a mistake in raising interest rates in December. Ben Bernanke was quizzed about what it felt like to be called a traitor by the governor of Texas.

15. Study Launches to Analyze Memphis' Creative Community -

One of the goals of Memphis’ EPIcenter entrepreneurship organization is to make sure the focus and discussions around supporting local entrepreneurs are inclusive and take time to contemplate non-traditional demographics.

16. City Council Debates Idea of De-Annexation Compromises -

A proposal to form a joint city-county group to explore voluntary de-annexation and the city’s footprint goes to the Memphis City Council for a vote in two weeks.

But there is vocal sentiment on the council against the city giving up any of its turf, including the most recently annexed areas of south Cordova and Southwind-Windyke.

17. Statewide Demand Outstrips Supply of Qualified Workers -

Tennessee is surging as a major manufacturing state, bouncing back from the Great Recession by attracting billions of dollars in new investment and creating thousands of new – and often very high-paying – advanced manufacturing jobs.

18. Hopson Warns of Budget Cuts Beyond $50 Million -

Shelby County Schools superintendent Dorsey Hopson says the budget proposal he will take to the SCS board next month includes $50 million in cuts and is still $36 million in the red.

“We’re still down $36 million,” Hopson said Tuesday, March 29, “and at this point, there is nowhere else to cut except in the classroom. The cuts will directly affect schools.”

19. MATA Board Approves Significant Route Changes -

Sixteen bus route changes will take effect in May at the Memphis Area Transit Authority.

The changes, which were approved at the March 29 meeting of the MATA board of commissioners, mark the first significant batch of route changes since MATA CEO Ron Garrison took the position in 2014.

20. Consultant: Rapid Transit Route Would Be a Boon for MATA -

The Memphis Area Transit Authority is throwing its weight behind a new route that would connect Downtown to the University of Memphis area with a bus every 10 minutes.

Over the past two years, an outside consulting group has been working with MATA on the Midtown Area Connector plan. The aim is to improve connecting service from the inside out by focusing on a main artery in the urban core.

21. RDC Doubles Down With Two Mud Island Finalists -

A working group of the Riverfront Development Corporation is recommending that the city and a new subcommittee of the RDC work with both of the finalists it has selected to run Mud Island River Park.

22. Dodging a Disaster With Volkswagen? -

Next month will mark five years since the first Passat rolled off the assembly line at Chattanooga’s Volkswagen plant. Most anniversaries are a cause for celebration.

But as Chattanoogans blow out the candles on this particular milestone they’ll be hoping that Volkswagen’s diesel emissions troubles will soon be extinguished, too, and that the new SUV model they’ll start producing this year will help VW emerge from the crisis a better and stronger company than before.

23. Beale Authority Encounters Familiar Headwinds -

Somewhere near the beginning of the Thursday, March 17, meeting of the Beale Street Tourism Development Authority, Caren Nichol talked about how unique the entertainment district is because of its cultural and historical importance.

24. Beale Authority Reopens Management Firm Search, Draws Fire -

The Beale Street Tourism Development Authority has decided to reopen the process for finding a manager for the entertainment district, putting off the selection of a firm possibly until September.

In seeking new proposals by the end of June, the authority voted to keep the proposals from four companies the group has been reviewing for several months and allow those companies to amend their proposals if they wish.

25. FedEx CEO Downplays Amazon ‘Industry Disruption’ -

FedEx Corp. founder and CEO Fred Smith never said the word “Amazon,” but the e-commerce giant was clearly on his mind Wednesday.

Smith addressed speculation about “industry disruption” by Amazon from the outset of Memphis-based FedEx’s quarterly earnings conference call. He also defended the Trans-Pacific Partnership trade agreement, noting that both of the frontrunners for the Democratic and Republican presidential nominations are opposed to it.

26. Grimes Joins Barge Waggoner As Transportation Project Manager -

Keafur Grimes has joined Barge, Waggoner, Sumner and Cannon Inc. as transportation project manager, bringing with him more than 35 years of experience. In his new role, Grimes manages transportation planning and construction projects to meet federal, state and local regulations; ensures that projects meet quality compliance and assurance standards as well as customer needs; and are delivered on time and within budget.

27. Politics of Deannexation Proposal Grows More Complex -

Memphis Mayor Jim Strickland is heading to Nashville Wednesday, March 16, to talk with legislators about what he considers City Hall’s highest priority in the 2016 session of the Tennessee Legislature – defeating a deannexation proposal.

28. City Has Offer On Adams Police Station -

The realty group that proposed a short-lived Hotel Overton for Overton Square in 2015 has offered the city of Memphis $1.1 million for the old Central Police Station building at 128 Adams Ave.

29. City Has Offer On Adams Police Headquarters -

The realty group that proposed a short-lived Hotel Overton for Overton Square in 2015 has offered the city of Memphis $1.1 million for the old Central Police Station building at 128 Adams Avenue.

30. Blair Tower Getting Complete Renovation -

Development momentum in the Memphis Medical Center has attracted an out-of-town investor looking to jump on the area’s revival.

Blair Tower LLC, an affiliate of New York-based Hyde Capital, recently purchased the Blair Tower apartments for $9.7 million.

31. The Week Ahead: March 7-13 -

How was your weekend, Memphis? In a few short days it’ll be time to “spring forward” – but let’s not get ahead of ourselves. First, check out our weekly roundup of area happenings, from a discussion with local changemakers to the inaugural Memphis Black Restaurant Week…

32. Last Word: Trump, Clinton and Stanton, The Greensward Vote and Cover Letters -

This will be a relatively short edition of Last Word given the crush of an exceptional Tuesday in which a day at City Hall was more exciting than the state’s presidential primaries.

33. Engineer Jonnye McElyea Joins Allen & Hoshall -

Jonnye McElyea has joined Allen & Hoshall as a structural engineer. McElyea, who designs structures such as buildings, bridges and retaining walls, is among the 19 percent of engineers who are women. Her previous experience includes time at Parsons Corporation and AFRAM Corp.

34. RVC, Mansion to Give More Specifics on Mud Island Plans -

The CEO of RVC Outdoor Destinations of Memphis says his company is “ready to invest $10 million of our own capital that is currently available and ready to deploy.”

Andy Cates made the assurance in the company’s proposal to the Riverfront Development Corp. that was one of the two finalists picked Monday, Feb. 29, by an RDC committee.

35. Last Word: The Moving Election Comes to Town and Missing Early Voters Are Found -

We probably haven’t had this much action with so many presidential candidates in the Memphis area since the 1984 Democratic presidential primary campaign.

Four of the contenders – three Republicans and one Democrat – in Memphis over the weekend looking for votes in advance of Tuesday’s Tennessee primary elections.

36. Sportscaster's Lawyer Describes Shock Over Nude Photos -

NASHVILLE, Tenn. (AP) – An attorney for sportscaster and TV personality Erin Andrews told a jury Tuesday that Andrews felt horror, shame and humiliation when she discovered that someone had secretly filmed her nude and posted the video on the Internet.

37. Beale Street Management Firm Possibly On March Agenda -

The Beale Street Tourism Development Authority may be ready to pick a day-to-day manager for the entertainment district at its March 10 meeting.

But after meeting with leaders of the four companies who have formally applied for the job, members of the authority said last week they have a lot of information and are looking for some more detail before making a decision.

38. Picking Up Speed -

Forbes recently penned 2016 as the year of the female entrepreneur, and the local landscape isn’t far behind for women business owners in Memphis.

In her article, “Why The Force Will Be With Women Entrepreneurs in 2016,” contributor Geri Stengel outlines that the media is celebrating stories of women leaders while the sheer numbers of women-owned firms is growing.

39. Thomas Rejoins Bass, Berry & Sims -

Attorney Oscar L. Thomas has rejoined Bass, Berry & Sims’ Memphis office as counsel after serving as vice president of business affairs for MRI Interventions Inc., a medical device manufacturer based in Irvine, Calif.

40. Urban Treasure -

They were at the 2007 National Recreation and Park Association conference in Indianapolis and they had been dutifully attending the seminars and taking notes. But one day this two-woman contingent from Memphis and the newly formed Shelby Farms Park Conservancy skipped out of the afternoon workshops.

41. Medical Center Apartments Sell for $9.7 Million -

810 Washington Ave.
Memphis, TN 38105

Sale Amount: $9.7 million

Sale Date: Jan. 29, 2016

42. Cates Wants Detail on Downtown Agreements -

From Mud Island River Park across the Memphis harbor to The Pyramid and further east to St. Jude Children’s Research Hospital – there are a lot of connections as the areas head toward a new incarnation.

43. Nashville Developer Submits Plans for Downtown Memphis Housing -

Two plans recently filed with the Memphis-Shelby County Office of Planning and Development will turn empty lots into housing for disadvantaged Memphians.

Nashville developer Elmington Capital Group submitted plans for gated multifamily housing in Downtown's South End.

44. Fenced Out -

There’s a major problem in Memphis when it comes to minorities: African-Americans make up 63 percent of the population but garner less than 1 percent of total business receipts within Memphis, according to the most recent U.S. Census data.

45. ‘Complete Gut’ Planned for Dermon Building in Downtown Memphis -

The historic Dermon Building at the northeast corner of Third Street and Court Avenue will be turned into a boutique hotel following a recent purchase.

The 46 N. Third St. structure, which was built in 1925, is listed on the National Register of Historic Places due to its art deco and Renaissance-styled architecture. Real estate and bail bonding firms have occupied the lower levels, but the 10-story building has sat completely vacant for a few years and substantially vacant for well over 10 years.

46. First Horizon CEO: 2015 Was a ‘Very Good Year’ -

The top brass at First Tennessee Bank’s parent company kicked off their first quarterly earnings presentation to analysts in 2016 with frequent allusion to some favorite themes.

47. Last Word: Tri-State's Deal With First Tennessee, Matt Barnes' Fine and The Grind -

It sounds strange to refer to this as a holiday weekend – the anniversary of the birth of Dr. Martin Luther King Jr.
Holidays suggest something different than the rededication to purpose so many of us stress as our definition of this day honoring the memory of a leader whose life made it difficult to imagine what our society would be like without his presence.
That we feel compelled to express the meaning of the day through actions and a recommitment to principles buffeted by reality reflects a hope that we wish to retain as first-hand memories of King’s life fade and his legacy endures.

48. Four Beale Street Proposals Feature Different Backgrounds -

Jeff Sanford fielded inquiries from 17 or 18 companies, local and out of town, expressing some level of interest in the contract to manage the Beale Street entertainment district.

49. Tennessee Startups Chasing Greater Opportunities -

When it comes to launching startup companies, Tennessee is best described as “early stage.”

The less than $200 million in venture capital invested in Tennessee businesses in 2014 is a rounding error compared to the $30 billion invested in California. And when the final tally for 2015 comes out later this month, the disparity won’t be much smaller.

50. 4 Applicants Up for Beale Street Gig -

A Fortune 500 corporation, the Memphis-based company behind the Delta Fair, a Memphis real estate management firm with office experience, and a newly formed group of Memphians with experience in real estate, entertainment and restaurants as well as commercial development and financing. Those are the four companies that have applied to manage the Beale Street entertainment district.

51. Mall of Memphis Property Bought by Trucking Company -

113-Acre Former
Mall of Memphis Site
Sale Amount: $3.9 million

Sale Date: Dec. 29, 2015
Buyer: TAG Real Estate Holdings LLC
Seller: Memphis Industrial Properties LLC (Johnson Development Associates Inc.)
Loan Amount: $23 million
Loan Date: Dec. 29, 2015
Lender: Mercedes-Benz Financial Services USA LLC
Details: The 113-acre former Mall of Memphis property has a new owner. TAG Real Estate Holdings, an affiliate of Memphis-based TAG Truck Enterprises LLC, paid $3.9 million, or $34,513 an acre, to buy the property from Johnson Development Associates Inc., acting as Memphis Industrial Properties LLC.

52. East Memphis Retail Strip Sells for $5.3 Million -

An East Memphis retail center has sold for $5.3 million to an out-of-town group.

Orleans Place Retail Center LLC purchased the property at 1779 Kirby Parkway and 1789 Kirby Parkway from Cohen Orleans Place LLC in a Dec. 28 warranty deed.

53. East Memphis Retail Strip Sells for $5.3 Million -

An East Memphis retail center has sold for $5.3 million to an out-of-town group.

Orleans Place Retail Center LLC purchased the property at 1779 Kirby Parkway and 1789 Kirby Parkway from Cohen Orleans Place LLC in a Dec. 28 warranty deed.

54. Entrepreneurs Offer Ideas for 2016 -

New Year’s resolutions tend to run from the mundane – like exercise and eating better – to more profound life goals, professional ambitions and the like. The same is true when it comes to a city like Memphis, which stands on the precipice of what looks to be a new year of consequence on a number of fronts: political, civic, entrepreneurial and more.

55. Healthy Job Market Lifts Consumer Confidence in December -

WASHINGTON (AP) – A stronger job market lifted consumer confidence in December, a business group said Tuesday.

The Conference Board's consumer confidence index rose to 96.5 this month from November's revised 92.6.

56. Varsity Brands Acquires Texas-Based Company -

Memphis-based Varsity Brands has acquired Allgoods LLC of Grand Prairie, Texas, an apparel school fundraising company.

57. Varsity Brands Acquires Texas-Based Company -

Memphis-based Varsity Brands has acquired Allgoods LLC of Grand Prairie, Texas, an apparel school fundraising company.

58. Bioworks Broadens Focus On Agriculture -

The Memphis Bioworks Foundation is capping off another busy year as the city’s go-to organization for seeding and promoting bioscience companies and investment by expanding its executive team and incorporating a new division into the organization.

59. Levitt Shell Modernizes With $4M In Renovations and Additions -

The Levitt Shell will add new sound and light systems and load-in area as well as a gathering place for food and concessions from two adapted trolley cars and have four permanent hilltop spaces with wooden decks for private parties.

60. ZeroTo510 startup SweetBio raises another $900,000 -

One of the most recent companies to participate in the Memphis Bioworks Foundation’s ZeroTo510 medical device accelerator program has raised another $900,000 in venture capital funding.

That new equity financing raised by SweetBio, a medical device startup specializing in wound-healing biomaterials with a dental focus, brings the venture’s total raise to more than $1 million in the past six months.

61. Events -

Germantown Community Theatre will present “Miracle on 34th Street: A Live Radio Play” Friday, Dec. 4, through Dec. 20 at GCT, 3037 Forest Hill-Irene Road. Buy tickets at gctcomeplay.org.

62. Yellen Confident in Economy Ahead of Expected Rate Hike -

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen on Wednesday indicated that the U.S. economy is on track for an interest rate hike this month, but she said the Fed will need to review incoming data before making a final decision.

63. Events -

ULI Memphis, the local Urban Land Institute chapter, will present its annual Emerging Trends in Real Estate event Thursday, Dec. 3, from 8 a.m. to 10:30 a.m. at Memphis Botanic Garden, 750 Cherry Road. National and local speakers will discuss a variety of emerging real estate trends. Visit memphis.uli.org/events to register.

64. Events -

Downtown Memphis Commission Design Review Board will meet Wednesday, Dec. 2, at 4 p.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

65. St. Jude Files $10 Million Construction Permit -

650 St. Jude Place
Memphis, TN 38105

Permit Amount: $10 million

Application Date: Nov. 24, 2015

Owner: St. Jude Children’s Research Hospital

Tenant: St. Jude Children’s Research Hospital

66. Paragon Bank Reports Strong Third-Quarter Results -

Paragon Bank saw record revenues in the third quarter, as well as the highest total loans in the bank’s history and an improved net interest margin, the bank announced this week. The strong quarterly performance stems from a 57 percent drop in nonperforming assets, which are at their lowest levels since 2007, and the continued progress of Paragon's Atlanta-based Small Business Capital Group. Due to increases in Small Business Administration income, mortgage income and solutions product income, core non-interest income for the first three quarters of 2015 increased 82.3 percent over the same period in 2014 to $910,000. Among highlights for the third quarter: • Total revenue for the quarter was $3.3 million, an increase of 3.1 percent over the second quarter of 2015 and 11.8 percent over third quarter 2014. • Nonperforming assets dropped 57 percent during the third quarter, from $5.7 million to $2.5 million. The ratio of nonperforming assets to total assets also dropped from 1.94 percent on June 30 to 0.84 percent on Sept. 30. • Gross loans increased $5.4 million, or 9.2 percent, during the third quarter to reach $237.5 million. Total deposits also increased 8 percent as of Sept. 30, while core deposits have increased 3.3 percent. – Andy Meek Gus's Fried Chicken Named

67. Editorial: EPIcenter Adds to Memphis’ Entrepreneurial Reality -

EPIcenter’s goal of 500 new companies in a decade is ambitious, even considering the $3.75 million in capital raised since last year for 50 new companies.

The idea of bringing the city’s collective startup community together with the goal of propelling Memphis’ economy forward is valuable. But it will require all those invested in the community to play nice, so to speak.

68. Ready for Launch -

Five hundred new companies in 10 years. That’s the idea that founded EPIcenter, short for Entrepreneurship-Powered Innovation Center, an organization looking to catalyze the entrepreneurial movement in Memphis.

69. Paragon Bank Reports Strong Third-Quarter Results -

Paragon Bank saw record revenues in the third quarter, as well as the highest total loans in the bank’s history and an improved net interest margin, the bank announced this week.

70. Hamlet Offers Plan For Global Ministries Foundation's Inner-City Apartments -

Global Ministries Foundation founder Richard Hamlet has a multi-million dollar recapitalization plan to make extensive renovations at three inner-city apartment complexes his company owns.

71. Willis Leaving Beale Authority, Lease Transfer Vote Moves to December -

Developer Archie Willis is leaving as chairman of the Beale Street Tourism Development Authority.

Willis announced his resignation from the panel Thursday, Nov. 12, at the end of the authority’s monthly meeting, its seventh since it was created in April.

72. Haslam Uses Lamar Backdrop To Make Road Funding Case -

Tennessee Gov. Bill Haslam still thinks it’s too early to talk about how to pay for a $6.1 billion list of 181 state road projects in 62 counties across the state.

But after saying that Monday, Nov. 9, in Memphis, Haslam then made the case for a gas tax hike.

73. Haslam Uses Lamar Backdrop To Make Road Funding Case -

Tennessee Gov. Bill Haslam still thinks it’s too early to talk about how to pay for a $6.1 billion list of 181 state road projects in 62 counties across the state.

But after saying that Monday, Nov. 9, in Memphis, Haslam then made the case for a gas tax hike.

74. The Week Ahead: Nov. 9, 2015 -

How was your weekend, Memphis? Here’s our weekly rundown of local happenings you need to know about, from revenge on the Warriors to crime reduction through urban planning…

It’s still election season in 70 percent of the city, which sounds like a weather forecast – part warning and part advisory.
But the seven-day outlook calls for an increased chance of political engagement this week. Early voting in the set of five Memphis City Council runoff races continues this week at eight satellite locations as well as the Downtown site, 157 Poplar Ave.
The runoff elections in council districts 2, 3, 4, 5 and 7 will determine the identity of a council that will have at least six, possibly seven new members. Super District council members Philip Spinosa and Martavius Jones, the two confirmed new faces on the council, were elected outright on Oct. 8.

75. Memphis Tennis Tournament’s New Owners Hope to Rejuvenate Annual Event -

Another year, and another new owner of the Memphis men’s professional tennis tournament with big plans for restoring luster to the event – this time as the Memphis Open presented by ServiceMaster celebrates its 40th year.

76. Developer Long on Downtown Memphis, Short on Specifics -

Three Downtown properties are now owned by an Atlanta-based affiliate of an Australian real estate investment and development company, which is giving little in the way of clues about its Memphis plans.

77. Collierville Sites Being Groomed to Attract Industrial Development -

Cartwright Farms in the Collierville Commerce Center is a 165-acre lot well positioned for new industrial activity.

It has the infrastructure and utilities capability. It is served by U.S. 72, which just underwent a $20 million five-lane expansion. It’s shovel-ready. It’s one of the largest pieces of Collierville’s 500 acres zoned industrial. All it needs is a little statewide attention.

78. Fred Smith: Expect More M&A -

FedEx Corp. president and CEO Fred Smith made a rare public appearance Wednesday, Oct. 7, to talk about the global trading economy and the future of the logistics industry.

79. US Manufacturing Barely Expands as Global Economy Slows -

WASHINGTON (AP) — U.S. manufacturers expanded at their slowest pace in two years last month, held back by faltering global growth and cutbacks in oil and gas drilling.

The Institute for Supply Management said Thursday that its index of factory activity fell sharply to 50.2 in September from 51.1 in August. That is the lowest level since May 2013. Any reading above 50 indicates expansion.

80. Former Highwoods COO Retires, Then Promptly Starts New Career in Memphis -

Mike Harris’ idea of retirement doesn’t involve the golf course, free time or carefree travel.

81. Memphis Bike Share on Track for Launch Next Year -

All signs are pointing to Memphis getting a bike-sharing program. Explore Bike Share has reached the end of the trail as the local initiative has sent out a request for proposals to take public bikes-for-hire to the next level.

82. Memphis Poised to Become Regional Anchor for Entrepreneurs -

A federal agency’s attention to Memphis’ entrepreneurial ecosystem could bring stronger investment and resources for startups.

On Friday, Sept. 18, Memphis was the kick-off site of the Delta Challenge pitch competition, a six-city tour organized by federal-state partnership Delta Regional Authority to identify and support exceptional startups.

83. US Home Sales Slide in August After 3 Months of Solid Gains -

WASHINGTON (AP) — U.S. home sales slid in August by the most since January as tight supplies and rising prices discouraged potential buyers.

The National Association of Realtors said Monday that sales of existing homes fell 4.8 percent from the previous month to a seasonally adjusted annual rate of 5.31 million, the lowest level since April. That's down from 5.58 million in July, which was the highest in more than eight years.

84. Business Lending in Recovery Mode -

The U.S. Small Business Administration estimates that small businesses provide more than half of all American jobs.

But since the Great Recession changed the economic landscape in 2008, how those small businesses go about gaining funding to operate or upgrade has changed. In fact, while the economic downturn hit big business, it also had a major hand in reshaping the nation’s small businesses.

85. Single-Family Home Rentals Strong in Memphis -

When New York-based Cerberus Capital Management closed Aug. 31 on its $440 million acquisition of 4,200 rental homes in five states – including 1,032 in Shelby County – it demonstrated a trend in local real estate.

86. City of Memphis, EPIcenter Get $50,000 for Startup Efforts -

When Walter Perry, director of the U.S. Small Business Administration’s Tennessee district office, joins other SBA staff in presenting Memphis officials Wednesday, Sept. 2, with a $50,000 Start Small Model prize, the ceremony will be more than a perfunctory civic affair.

87. Memphis’ Town Center Trio Concept Takes Double Hit -

Two of the three town centers envisioned by Memphis Mayor A C Wharton are going in different directions with a recent court ruling and an auction.

The city of Memphis lost its bid to acquire the Raleigh Springs Mall by eminent domain as The New Towne Center at Soulsville was sold at auction Thursday, Aug. 27.

88. New Logistics Accelerator Gets Under Way -

A new logistics-focused business accelerator has launched in Memphis.

Five teams are participating in the 14-week 2015 EPIcenter Logistics Innovation Accelerator, which is sponsored by FedEx and got under way Monday, Aug. 17.

89. New Logistics Accelerator Gets Under Way -

A new logistics-focused business accelerator has launched in Memphis.

Five teams are participating in the 14-week 2015 EPIcenter Logistics Innovation Accelerator, which is sponsored by FedEx and got under way Monday, Aug. 17.

90. Ballet Memphis Closes On French Quarter Suites Purchase -

2144 Madison Ave.
Memphis, TN 38104

Sale Amount: $4.2 million

Sale Date: Aug. 6, 2015

91. Problem Properties -

Memphis has a crippling issue with blight, and one nonprofit is front and center with changing the culture that led to the city’s inundation of abandoned properties and lots.

Neighborhood Preservation Inc. was founded in 2012 as a court-appointed receiver of properties taken away from neglectful owners. Over the years, it has evolved to become a robust advocate for stronger legislation and development tools to deal with problem properties.

92. Ballet Memphis Closes On French Quarter Inn -

Ballet Memphis has closed on its purchase of the French Quarter Inn in Overton Square for $4.2 million.

The seller, NCE Realty and Capital Group LLC of California, had owned the 34,0000-square-foot hotel at the northeast corner of Madison Avenue and Cooper Street since December 2013, when it purchased the property for $1.9 million.

93. Demo Day Brings Together Start Co., ZeroTo510 Entrepreneurs -

The entrepreneurial ecosystem was more abundant than ever at Demo Day 2015, where Start Co. and ZeroTo510 worked in conjunction for the first time to present graduates of their business accelerator programs to investors and community leaders.

94. Jernigan Sees Big Market for Company He's Moving to Memphis -

Dean Jernigan spent the better part of a roughly 40-minute earnings presentation to analysts early Wednesday, Aug. 12, detailing not just the latest quarterly results for his newly public company, Jernigan Capital, but also why it exists in the first place.

95. Jernigan Capital Moving HQ to Memphis -

Dean Jernigan, the founder of Storage USA and a businessman with deep ties to Memphis, is preparing to move the headquarters of his newly public company, Jernigan Capital, to Memphis.

96. Ballet Memphis Closes On French Quarter Inn -

Ballet Memphis has closed on its purchase of the French Quarter Inn in Overton Square for $4.2 million.

The seller, NCE Realty and Capital Group LLC of California, had owned the 34,0000-square-foot hotel at the northeast corner of Madison Avenue and Cooper Street since December 2013, when it purchased the property for $1.9 million.

97. MIFA’s Feed the Soul Fundraiser Is ‘Memphis At Its Finest' -

Each year after MIFA’s Feed the Soul event, Sally Jones Heinz has the same thought.

“You come to this party and it really is Memphis at its finest,” said Heinz, executive director of the Metropolitan Inter-Faith Association. “It’s such a diverse group of people having a really good time. Every year after the party’s over, I think this is how it needs to be – Memphis all together.”

98. $9.5 Million Permit Filed For Downtown Hotel -

310 Union Ave.
Memphis, TN 38103

Permit Cost: $9.5 million

Permit Date: Applied August 2015

99. Best Hotel Rooms in Nashville – With or Without Helicopter -

Tod Roadarmel, director of sales and marketing for the nearly 2-year-old Omni Hotel downtown, is awestruck by the vitality of Nashville’s hospitality industry. In town since 1988, he remembers when pre-Bridgestone Arena Broadway was not a place you’d want to be late at night.

100. Lenox Park Courtyard Sells for $8.1 Million -

The Lenox Park Courtyard by Marriott, at 3076 Kirby Parkway in East Memphis, has sold for $8.1 million.