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Editorial Results (free)

1. 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.

2. 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.

3. 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.

4. GNC Cancels Funding Plans, Seeks Alternatives -

NEW YORK (AP) – GNC Holdings Inc. cancelled a sale of senior notes and its plans to borrow more as it considers other options to raise funds.

5. Spikner Plans Shipping-Container Apartment Complex -

126 N Bellevue Blvd.,
Memphis, TN 38104 

Application Date: Dec. 20, 2017

6. Construction to Begin On Old Kroger Site -

A $90,000 building permit application has been filed to remove the facade of the old Kroger building at 2130 Exeter Road in Germantown.

7. TAG Truck Center Prepares to Open On Former Mall of Memphis Site -

Just a few weeks before Tommy Earl’s and Gary Dodson’s new $30 million TAG Truck Center is to open at the old Mall of Memphis site on the 4400 block of American Way, Earl allows himself a moment of nostalgia.

8. Construction to Begin On Old Kroger Site -

A $90,000 building permit application has been filed to remove the facade of the old Kroger building at 2130 Exeter Road in Germantown.

9. Trinity Sports Honored By Baseball Digest -

Baseball Digest has selected Trinity Sports Holdings, the majority stakeholder in the Triple-A Memphis Redbirds and the short-season Class A Williamsport (Pennsylvania) Crosscutters, as its 2017 Organization of the Year following successful seasons by both teams.

10. Lenox Park Offices Sell for $5.3 Million -

Lenox Park A and Lenox Park B, a pair of Southeast Memphis office buildings topping 100,000 square feet each, have sold for a combined $5.3 million, according to a Friday, Nov. 17, deed filed with the Shelby County Register of Deeds.

11. Lenox Park Buildings Sell for $5.3 Million -

This week's Real Estate Recap features the sale of two Class A office buildings totaling more than 200,000 square feet; a residential development being planned near a proposed new elementary school in Germantown; and more.

12. Lenox Park Offices Sell for $5.3 Million -

Lenox Park A and Lenox Park B, a pair of Southeast Memphis office buildings topping 100,000 square feet each, have sold for a combined $5.3 million, according to a Friday, Nov. 17, deed filed with the Shelby County Register of Deeds.

13. Pair of Southeast Memphis Office Buildings Sell for $5.3M -

Lenox Park A and Lenox Park B, a pair of 100,000-plus square foot office buildings in southeast Memphis, have sold for a combined $5.3 million, according to a Friday, Nov. 17 deed filed with the Shelby County Register.

14. Trinity Sports Honored By Baseball Digest -

Baseball Digest has selected Trinity Sports Holdings, the majority stakeholder in the Triple-A Memphis Redbirds and the short-season Class A Williamsport (Pennsylvania) Crosscutters, as its 2017 Organization of the Year following successful seasons by both teams.

15. Health Nominee Reaped Big Earnings From Drug Industry Tenure -

WASHINGTON (AP) – Newly disclosed financial records show that President Donald Trump's nominee to become Health and Human Services secretary reaped big earnings during his tenure as a top pharmaceutical executive.

16. 300 MLGW Payment Sites Out of Service Indefinitely -

More than 300 Memphis Light, Gas and Water Division payment kiosks and paying agents are out of service after TIO Networks, the company that operates the kiosks, temporarily suspended its bill-payment processing operations.

17. Graceland vs. Errrybody -

When Memphis City Council members were told in an Aug. 22 open committee session about Graceland’s plan to build a 5,000- to 6,000-seat concert venue, it wasn’t the first time local officials heard about the idea.

18. 300 MLGW Payment Sites Out of Service Indefinitely -

More than 300 Memphis Light, Gas and Water Division payment kiosks and paying agents are out of service after TIO Networks, the company that operates the kiosks, temporarily suspended its bill-payment processing operations.

19. Graceland Sues Over Concert Venue Scrapped By Grizz Noncompete -

Graceland is challenging the noncompete agreement the city and county governments have with the Memphis Grizzlies in a lawsuit filed Wednesday, Nov. 15, in Shelby County Chancery Court.

The lawsuit by Elvis Presley Enterprises Inc. and Guesthouse at Graceland LLC seeks a declaratory judgment against the city of Memphis, Shelby County and Memphis Basketball LLC.

20. 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.

21. Germantown Panel OKs Plan for Old Kroger Site -

At its Tuesday, Nov. 7, meeting, the Germantown Planning Commission advanced a trio of developments that included a revised final site plan for the Germantown Collection Shopping Center, a 310-unit multifamily development, and Germantown’s new elementary school.

22. 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.

23. Germantown Planning Board OKs Plan for Old Kroger Site -

At its Tuesday, Nov. 7, meeting, the Germantown Planning Commission advanced a trio of developments that included a revised final site plan for the Germantown Collection Shopping Center, a 310-unit multifamily development, and Germantown’s new elementary school.

24. 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.

25. G’town Planning Commission Approves Plans for Old Kroger Site, New Multifamily -

At its Tuesday, Nov. 7 meeting, The Germantown Planning Commission advanced a trio of developments that included a revised final site plan for the Germantown Collection Shopping Center, a 310-unit multifamily development, and Germantown’s new elementary school.

26. City Council Eyes Hotel-Motel Tax to Fund Pre-K -

Memphis City Council members will discuss a still-forming proposal Tuesday, Nov. 7, to fund universal prekindergarten in Memphis public schools by hiking the hotel-motel, or bed tax rate.

The 2:15 p.m. executive session discussion is around a proposal by council member Kemp Conrad that would increase the hotel-motel tax from 3.5 percent to 5 percent, which is the state’s cap on the tourism tax. The estimated $3.5 million that would generate would go toward a $7.9 million loss of funding for pre-K in 2019 when a federal pre-K grant runs out.

27. Memphis Flexes Its Strengths In Improving Real Estate Market -

The evolution of e-commerce and its transformative effects on the real estate market are not just limited to the retail sector, and while many trends and topics were discussed at The Daily News’ annual Commercial Real Estate Review & Forecast Seminar on Nov. 2, this was one of the overarching themes.

28. 3 Things: Yellen's Impact on the Fed and the US Economy -

WASHINGTON (AP) – After she steps down in February, Janet Yellen will go into history books at the first woman to have led the Federal Reserve in its 100-year history. But Yellen, who has earned widespread praise for her stewardship of the Fed, will be remembered for much more than breaking a glass ceiling at the world's leading central bank.

29. Sears to Close Another 63 Stores -

NEW YORK (AP) – Sears Holdings Corp. says it will be closing another 63 stores as the ailing retailer tries to turn around its business.

30. ServiceMaster Revenue Increases 5 Percent in Q3 -

ServiceMaster Global Holdings Inc. said Tuesday, Oct. 31, its third-quarter revenue rose 5 percent, buoyed by growth in its American Home Shield home warranty division and Franchise Services Group, along with the acquisition of Landmark Home Warranty a year ago.

31. ServiceMaster Revenue Increases 5 Percent in Q3 -

ServiceMaster Global Holdings Inc. said Tuesday, Oct. 31, its third-quarter revenue rose 5 percent, buoyed by growth in its American Home Shield home warranty division and Franchise Services Group, along with the acquisition of Landmark Home Warranty a year ago.

32. Gibson Plans to Sell Downtown Factory, Build a New One -

145 Lt. George W. Lee Ave., Memphis, TN 38103: Nashville-based guitar maker Gibson Brands Inc. confirmed Friday, Oct. 20, it is putting its Downtown Memphis factory on the market and plans to build and lease a new facility nearby.

33. Matthew Stevenson Tapped to Lead Terminix -

Matthew Stevenson has been named president of the Terminix division of Memphis-based ServiceMaster Global Holdings Inc., the company has announced.

34. Trader Joe’s Not Mentioned In Germantown Site Review -

Plans for the renovation of the old Kroger building at 2130 Exeter Road were publicly reviewed by Germantown planning officials for the first time since the previous developer, Centennial American Properties, pulled out of the project in May.

35. No Mention of Trader Joe’s at Germantown Site Review -

Plans for the renovation of the old Kroger building at 2130 Exeter Road were publicly reviewed by Germantown planning officials for the first time since the previous developer, Centennial American Properties, pulled out of the project in May. 

36. Lord & Taylor Selling Flagship Fifth Avenue Store to WeWork -

NEW YORK (AP) — Lord & Taylor's flagship store in Manhattan, known for its holiday displays along Fifth Avenue, is being sold to the office space sharing company WeWork.

The nearly 100-year-old building will be converted to WeWork headquarters, with less than a quarter of the space remaining for a Lord & Taylor store. Right now, 10 of the building's 11 floors are devoted to retail.

37. Stevenson Tapped to Lead Terminix -

Matthew Stevenson has been named president of the Terminix division of Memphis-based ServiceMaster Global Holdings Inc., the company announced Friday, Oct. 20.

38. Highline Aftermarket Expands Memphis Facility -

Highline Aftermarket, a manufacturer and distributor of automotive chemicals, lubricants, parts, tools and related accessories, is expanding its existing Memphis presence and headquarters in Memphis.

39. U of M Files $33.5M Permit for Land Bridge -

570 Houston St. 

Memphis, TN 38111

Permit Amount: $33.5 million

Owner: University of Memphis

Details: The University of Memphis has filed a $33.5 million building permit application with the Office of Construction Code Enforcement to move forward with a parking garage and a long-awaited land bridge over the Southern Avenue railroad track.

40. Highline Aftermarket Expands at Memphis HQ -

Highline Aftermarket, a manufacturer and distributor of automotive chemicals, lubricants, parts, tools and related accessories, is expanding its existing Memphis presence and headquarters in Memphis.

41. Pettit Joins Food Bank As Chief Development Officer -

Attorney Peter Pettit has joined Mid-South Food Bank as chief development officer following his recent retirement as a partner in the Memphis office of Bass, Berry & Sims PLC. In his new role, Pettit works closely with food bank leaders to develop strategies and relationships with major gift donors, and specifically is working to complete the $12.5 million “Hunger to Hope” capital campaign.

42. Swift Transportation Co. Recognizes Local Drivers -

Five Memphis-area drivers for Swift Transportation Co. LLC have been honored as Diamond Drivers, a recognition that is based on miles driven, commitment to safety, on-time deliverables, low customer-service failure rates and total days of employment.

43. Swift Transportation Honors Five Memphis-Area Drivers -

Five Memphis-area drivers for Swift Transportation Co. LLC have been honored as Diamond Drivers, a recognition that is based on miles driven, commitment to safety, on-time deliverables, low customer-service failure rates and total days of employment.

44. Memphis-Based Buckman Buys CiDRA Chemical -

Memphis-based Buckman has acquired CiDRA Chemical Management Inc. of Wallingford, Connecticut, Buckman announced Tuesday, Oct. 3. Terms of the deal were not announced.

45. ServiceMaster Appoints Persson To Lead American Home Shield Spinoff -

The ServiceMaster spinoff of American Home Shield will be overseen by a former Ingersoll Rand executive with experience in corporate spinoffs and their development

Dion Persson has been appointed senior vice president of business development for ServiceMaster Global Holdings, the Memphis-based provider of residential and commercial services, the company announced on Monday, Oct. 2.

46. Buckman Acquires CiDRA Chemical -

Memphis-based Buckman has acquired CiDRA Chemical Management Inc. of Wallingford, Connecticut, Buckman announced Tuesday, Oct. 3. Terms of the deal were not announced.

47. ServiceMaster Appoints Persson To Lead American Home Shield Spinoff -

The ServiceMaster spinoff of American Home Shield will be overseen by a former Ingersoll Rand executive with experience in corporate spinoffs and their development.

Dion Persson was appointed senior vice president of business development for ServiceMaster Global Holdings, the Memphis-based provider of residential and commercial services, on Monday, Oct. 2.

48. Editorial: The 5,000-Seat Noncompete In a Changing Memphis -

The mantra has been clear since Graceland dramatically changed the plans for its proposed Whitehaven concert venue: Almost nobody in officialdom wants to touch the Memphis Grizzlies’ noncompete clause for FedExForum.

49. Yellen: Fed is Perplexed by Chronically Low Inflation -

CLEVELAND (AP) – Federal Reserve Chair Janet Yellen acknowledged Tuesday that the Fed is puzzled by the persistence of unusually low inflation and that it might have to adjust the timing of its interest rate policies accordingly.

50. Last Word: Grit & Grind As A Mindset, Sewer Retaliation and MUS & Hutchison -

More than a few bread crumbs on the direction the Fairgrounds redevelopment proposal is … well, developing after the second of three very important public forums last week by City Hall. The signs indicate a water park or surf park is highly unlikely, the gym at Maxine Smith STEAM Academy would go to open up Central Avenue frontage and a new gym built behind Kroc Center, a hotel by the Children’s Museum and the high school football field and track oval move from Central to where Libertyland used to be. And the city says none of this is set in stone even if it does show up on a tentative site plan among the exhibits last week.

51. Raycom Media, Community Newspaper Holdings Announce Merger -

MONTGOMERY, Ala. (AP) – Two media organizations that own dozens of newspapers and television stations around the nation, including a Memphis TV station, are announcing a merger.

Community Newspaper Holdings Inc. said in a statement Monday that it and Raycom Media Inc. have agreed to merge into a new privately owned media group.

52. Graceland Overhauls Venue Plans After Grizzlies Raise Concerns -

Elvis Presley Enterprises has significantly altered the plans for its new entertainment venue in Whitehaven after the Memphis Grizzlies raised concerns surrounding a noncompete agreement with the city involving FedExForum.

53. Last Word: The No Compete, Liberty Bowl Blues and Assessing the ASD -

The calendar says fall but the weather says summer and in Arlington the flags and notices say election day. The polls at the two polling places in Arlington open from 7 a.m. to 7 p.m. Thursday in municipal elections – the only regularly scheduled election of 2017 in Shelby County, which in our politics is frequently regarded as an invitation for departures and vacancies in other office that cause the scheduling of special elections. We’ve already had those earlier this year for a spot on the Lakeland commission and a state House seat.

54. Graceland Changes Venue Plans After Grizzlies Raise Concerns -

Elvis Presley Enterprises has announced it will significantly alter the plans for its new entertainment venue in Whitehaven after the Memphis Grizzlies raised concerns surrounding a noncompete agreement with the city involving FedExForum.

55. Fed Announces a Start to Modestly Reducing Its Bond Holdings -

WASHINGTON (AP) – The Federal Reserve will begin shrinking the enormous portfolio of bonds it amassed after the 2008 financial crisis to try to sustain a frail economy. The move reflects a strengthened economy and could mean higher rates on mortgages and other loans over time.

56. Last Word: The Brooks Question, Boyd's Answer and Tigers In the Polls -

Art as a real estate consideration. One of the more unusual of many considerations as the Brooks search for a new site – a possible new site, I should add, becomes the city’s favorite topic. So from the CRE vantage point – here are two more possible sites to think about if you haven’t already – Cossitt Library and the Fairgrounds, as well as right where it has been for the last century.

57. Germantown Medical Office Sells for $16M -

1325 Wolf Park Drive, Germantown, TN 38138

Sale Amount: $15.9 million

Buyer: Global Medical REIT

58. Southeast Shelby County Apartments Sell for $56M -

Preserve at Forest Creek, a sprawling southeast Shelby County apartment complex, has switched hands for more than $56 million.

In the deal, Blackstone, a New York City investment firm doing business as BRE Piper MF Forest Creek TN, sold the roughly 36-acre property to Columbus, Ohio-based investment management firm Coastal Ridge Real Estate doing business as PFC Memphis Borrowers for $56.6 million, according to a warranty deed filed on Sept. 14 with the Shelby County Register of Deeds.

59. Germantown Medical Office Sells for $16 Million -

A New York-based investment trust has paid nearly $16 million for the Germantown medical office building that houses Wolf River Surgery Center.

Global Medical REIT, doing business as GMR Germantown, bought the 34,000-square-foot building at 1325 Wolf Park Lane from Brierbrook Partners LLC for $15.9 million, according to a warranty deed filed with the Shelby County Register.

60. Promoters Exporting Authenticity Of Memphis Music in Another Way -

A new 5,000- to 6,000-seat concert venue at Graceland by early 2019 is competition. But it probably brings more customers to the overall market for concerts in the city, says the founder of Music Export Memphis, the city’s export office for the music business.

61. Last Word: Southern Heritage Recap, Funky Week Ahead and the Amazon Contest -

The 28th annual Southern Heritage Classic is in the books with a close game at the Liberty Bowl Saturday and the kind of attendance that if sustained through our civic football season – Southern Heritage, Tigers home schedule and AutoZone Liberty Bowl – promises continued growth and changes in our development. Whether there is that growth or not, 47,407 came, tailgated and saw Tennessee State beat Jackson State 17-15.

62. Germantown Medical Office Sells for $16M -

A New York-based investment trust has paid nearly $16 million for the Germantown medical office building that houses Wolf River Surgery Center.

Global Medical REIT, doing business as GMR Germantown, bought the 34,000-square-foot building at 1325 Wolf Park Lane from Brierbrook Partners LLC for $15.9 million, according to a warranty deed filed with the Shelby County Register.

63. Graceland: Arena Won’t Compete With Forum -

The managing partner of Graceland Holdings LLC says the plan for a new Whitehaven arena with 5,000 to 6,000 seats isn’t to compete with any venue in Memphis and Shelby County.

64. Intriguing Story Playing Out Off The Football Field -

Anybody got an extra billion dollars lying around? If so, you can own one-third share of an NFL franchise plus a handful of other assorted business ventures.

That’s the situation involving the Tennessee Titans as they head into what could be a very eventful season. Susie Adams Smith, one of three children of the late franchise founder Bud Adams, is attempting to divest herself of one-third interest in KSA Industries, the business conglomerate built by her father.

65. Graceland: New Arena Not Competing With Forum -

Graceland plans to go to the Economic Development Growth Engine (EDGE) in the next week seeking a bigger percentage of the city and county property tax revenue from its 120-acre campus for a $50 million arena in Whitehaven.

66. Last Word: Back From Jury Duty, ASD Changes and Southern Heritage Classic Is Here -

Back from a very short-lived jury duty on a short week for the courts – criminal and civil. Even a slow week at the Criminal Justice Center is a learning experience about not only our criminal justice system but also the Constitutional framework that puts those notices in the U.S. mail and results in several hundred citizens at a time showing up in a jury assembly room after the adventure of trying to find parking Downtown.

67. Graceland Says New Arena Not Competition For Forum -

The managing partner of Graceland Holdings LLC says the plan for a new $40 million  to $50 million Whitehaven arena with 5,000 to 6,000 seats isn’t to compete with any venue in Memphis and Shelby County.

68. Drivers Whose Cars Were Flooded by Harvey Can't Find Rentals -

BEAUMONT, Texas (AP) – His three vehicles flooded by Hurricane Harvey, Jason Bell checked at one car-rental office only to find about 2,500 people ahead of him on the waiting list. When he tried a more out-of-the-way location, the reservations still numbered about 300.

69. Whitehaven Boom Gets Arena Catalyst -

As she looked across Elvis Presley Boulevard from the parking lot of the new Tri-State Bank headquarters at Elvis Presley and Farrow Road last week, Memphis City Council member Patrice Robinson took in the view of the new five-bay retail strip and looked north at another new strip soon to come online, and talked about a third in the works.

70. Memphis Receives First Check From Airbnb -

Nationally and in Memphis, the hotel room supply, room demand, occupancy rate and average daily room rate were all on the rise year-to-date through July, pointing to a healthy market overall.

That’s according to information compiled by STR presented at the Southern Lodging Summit Wednesday morning, Aug. 30, at the Cook Convention Center in Memphis. The Southern Lodging Summit is an annual event hosted by Pinkowski & Co. and the Metropolitan Memphis Hotel and Lodging Association.

71. Sears to Close More Stores, Sales Continue to Fall in 2Q -

NEW YORK (AP) – Sears continued to struggle in its second quarter with declining sales amid heightened competition from the likes of Walmart to Amazon. It now says it will close even more stores.

72. 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.

73. Fed Officials Split in July Over Inflation Worries -

WASHINGTON (AP) – Federal Reserve policymakers were worried last month about inflation, but for two opposing reasons.

One group of Federal Reserve policymakers felt inflation was falling too low and argued for caution in raising interest rates. Others expressed concerns that delaying further rate hikes could push inflation higher into dangerous territory.

74. Report: Pera’s Stake in Ubiquiti Rises to $3.7B -

Memphis Grizzlies majority owner Robert Pera had a good week last week.

His networking company, Ubiquiti Networks Inc., soundly beat analysts’ forecast for earnings and revenue in the fourth quarter, catapulting the stock 20 percent higher in trading on Aug. 3.

75. Fed Official Supports September Start for Bond Reductions -

WASHINGTON (AP) – A member of the Federal Reserve's interest-setting committee said Wednesday it would be appropriate for the central bank to announce next month that it will begin trimming its $4.5 trillion balance sheet, but wait until December before raising a key interest rate again.

76. Vikings Owners Join Group Trying to Bring MLS to Nashville -

NASHVILLE, Tenn. (AP) – The majority owners of the Minnesota Vikings are joining a group trying to bring a Major League Soccer expansion franchise to Nashville.

Mark, Zygi and Leonard Wilf are minority owners in the Nashville project, according to Nashville Soccer Holdings CEO John R. Ingram. Terms of the Wilfs' investment haven't been disclosed.

77. Report: Pera’s Stake in Ubiquiti Rises to $3.7 Billion -

Memphis Grizzlies majority owner Robert Pera had a good week last week.

His networking company, Ubiquiti Networks Inc., soundly beat analysts’ forecast for earnings and revenue, catapulting the stock 20 percent higher in trading on Thursday, Aug. 3.

78. Report: Pera’s Stake in Ubiquiti Rises to $3.7 Billion -

Memphis Grizzlies majority owner Robert Pera is having a good week.

His networking company, Ubiquiti Networks Inc., soundly beat analysts’ forecast for earnings and revenue, catapulting the stock 20 percent higher in trading on Thursday, Aug. 3.

79. 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.

80. TruGreen Hires New CFO As It Looks to Drive Growth -

Memphis-based TruGreen has named a new chief financial officer as current CFO David Martin transitions into the new role of vice president of sourcing and accounting.

81. 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.

82. Text of the Fed's Statement After Its Meeting Wednesday -

WASHINGTON (AP) – Below is the statement the Fed released Wednesday after its policy meeting ended:

Information received since the Federal Open Market Committee met in June indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Job gains have been solid, on average, since the beginning of the year, and the unemployment rate has declined.

83. Fed Leaves Rates Alone but Moves Closer to Selling Off Bonds -

WASHINGTON (AP) – The Federal Reserve is keeping its key interest rate unchanged at a time when inflation remains persistently low. But it signaled Wednesday that it's edging closer to gradually shrinking its bond holdings, a step that would likely boost long-term borrowing rates including mortgages.

84. Redbirds Revitalization: Fun at the Old Ballpark and the Winning is Easy -

Bottom of the seventh inning and another night at AutoZone Park is unfolding the way so many have this season. The Memphis Redbirds have a nice lead. Their starting pitcher has been putting up zeros and the team has been banging out timely hits and playing crisp defense.

85. 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.

86. ServiceMaster to Spin Off Business, Gillette Out as CEO -

Shares of Memphis-based ServiceMaster Global Holdings Inc. were trading 6 percent higher Wednesday morning, July 26, on news that the company has made a change in chief executive offer, effective immediately, and will spin off its American Home Shield (AHS) business from its Terminix and Franchise Services Group (FSG) businesses.

87. TruGreen Hires New CFO As It Looks to Drive Growth -

Memphis-based TruGreen has named a new chief financial officer as current CFO David Martin transitions into the new role of vice president of sourcing and accounting.

88. Fed Will Likely Focus on Low Inflation But Leave Rates Alone -

WASHINGTON (AP) – The Federal Reserve has already achieved one of its two mandates: With the unemployment rate at just 4.4 percent, the Fed has essentially maximized employment.

It's the Fed's other goal – price stability – that's stayed persistently out of reach. Inflation has been edging further below the Fed's 2 percent target. Problem is, too-low inflation tends to slow consumer spending, the U.S. economy's main fuel. Many consumers delay purchases if they think the same price – or a lower one – will be available later.

89. Equity Firm Buys Publisher Of The Collierville Herald -

A Nashville-based private equity firm with no previous media investments has acquired a regional publisher that owns 12 websites, magazines and newspapers, including The Collierville Herald.

American Hometown Publishing announced Monday, July 17, it has been bought by West End Holdings. AHP, which has assets in Tennessee, Virginia, Oklahoma and Florida, said under new ownership it “will immediately begin seeking additional local media properties to add to its portfolio,” according to a release.

90. Alexa, Turn Up My Kenmore AC; Sears Cuts a Deal with Amazon -

HOFFMAN ESTATES, Ill. (AP) — Sears will begin selling its appliances on Amazon.com, including smart appliances that can be synced with Amazon's voice assistant, Alexa.

91. 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.

92. T&B Granted 15-Year PILOT to Relocated Corporate HQ -

Memphis-based Thomas & Betts has been awarded a 15-year PILOT (payment-in-lieu-of-taxes) to relocate its corporate headquarters from Southwind to the Ridgeway Center in East Memphis and consolidate its regional research and development functions.

93. Atlanta Retail Investor Makes $29M Purchase -

In this week’s Real Estate Recap, an 18-acre shopping center in the heart of Bartlett sells for $28.8 million, Ulta Beauty prepares to build out its space in Poplar Commons, and Dave & Buster’s continues work on its first Memphis location...

94. Last Word: No Assumptions, Riverfront Concepts and A Tale of Two Teams -

The “Midtown is Memphis” arch in Overton Square is no more. Vanished this week as the former Chiwawa is being converted to Indian Pass Raw Bar – for those of you new to Memphis, these are both restaurants – one former and the other future.

95. Nashville Equity Firm Buys Collierville Herald Publisher -

A Nashville-based private equity firm with no previous media investments has acquired a regional publisher that owns 12 websites, magazines and newspapers, including The Collierville Herald.

American Hometown Publishing announced Monday, July 17, it has been bought by West End Holdings. AHP, which has assets in Tennessee, Virginia, Oklahoma and Florida, said under new ownership it “will immediately begin seeking additional local media properties to add to its portfolio,” according to a release.

96. Ulta Beauty Files Permit For East Memphis Store -

Ulta Beauty is preparing to build out its space in Poplar Commons, the East Memphis shopping center rising across from Oak Court Mall.

The cosmetics retailer is seeking a $450,000 permit application to work on the interior of its future location at 4572 Poplar Ave., inside the shopping center that will be anchored by Nordstrom Rack. No contractor is listed on the application.

97. Bartlett Shopping Center Sells for Nearly $30M -

An Atlanta-based real estate investment firm has made its first purchase in the Memphis market with the acquisition of a 198,103-square-foot shopping center in the heart of Bartlett.

The Bartlett Towne Centre, located at 6005 Stage Road, was acquired by Branch Properties LLC from Houston-based real estate investment trust Weingarten Realty for $28.8 million.

98. Thomas & Betts to Invest $20.7 Million in Expansion -

Thomas & Betts plans to add 75 employees and invest $20.7 million in its headquarters relocation in Memphis and is seeking a 15-year payment-in-lieu-of-taxes (PILOT) incentive to help defray those costs.

99. 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

100. Fed: US Growth Solid, Yet Not Fast Enough to Accelerate Pay -

WASHINGTON (AP) – The U.S. economy grew at a steady pace in late May and June and hiring was solid, yet the improvements weren't enough to accelerate wage or price growth.

The Federal Reserve said Wednesday that the economy expanded in 10 of its 12 districts. It grew just slightly in St. Louis and Philadelphia. The anecdotal information in the Fed's survey, known as the Beige Book, is used to supplement its economic data and will be considered when Fed officials next meet July 25-26.