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Editorial Results (free)

1. Binghampton Gateway Builds on Decade of Momentum -

While construction recently began on the large-scale Binghampton Gateway Center and more development is on the way, the revitalization process to bring businesses and jobs back to the distressed Binghampton area began more than a decade ago.

2. Trump: Next Old Hickory or Carnival Barker -

For those who ignore the news – fake or otherwise – Donald Trump won the presidency last November.

While he didn’t capture a majority of the vote, he did win the electoral vote, causing many detractors to call for the elimination of this outdated voting method.

3. Hollywood Feed Opens 50th Location -

Memphis-based Hollywood Feed recently opened its 50th location at 2220 Peachtree Industrial Blvd. in Duluth, Georgia. It is the second Georgia location for the holistic pet food and product retailer, which has stores across the Southeast in Tennessee, Alabama, Arkansas, Georgia, Kentucky, Mississippi and Texas.

4. Fed Raises Rate and Sees More Hikes as US Economy Improves -

WASHINGTON (AP) – The Federal Reserve has raised its benchmark interest rate for the second time in three months and forecast two additional hikes this year. The move reflects a consistently solid U.S. economy and will likely mean higher rates on some consumer and business loans.

5. A Robust February Jobs Report Points to Resilient US Economy -

WASHINGTON (AP) – U.S. employers added a robust 235,000 jobs in February and raised pay at a brisk pace – signs that a resilient economy has given many companies the confidence to hire in anticipation of solid growth ahead.

6. Hollywood Feed Opens 50th Location -

Memphis-based Hollywood Feed recently opened its 50th location at 2220 Peachtree Industrial Blvd. in Duluth, Georgia. It is the second Georgia location for the holistic pet food and product retailer, which has stores across the Southeast in Tennessee, Alabama, Arkansas, Georgia, Kentucky, Mississippi and Texas.

7. Mallory Alexander Inks Three-Year Industrial Lease -

Memphis-based shipping company Mallory Alexander International Logistics has signed a three-year lease for space at 4221 Pilot Drive.

8. Millington Pouring Funds Into Projects To Attract New Businesses, Residents -

Millington, the smallest city in Shelby County, has some unique advantages and is making a comeback with millions of dollars in grants to fund infrastructure projects and a collective commitment from city leaders to revive the community and attract new businesses.

9. Regional Innovation Underutilized in Memphis -

In San Francisco, the Bay Area Economic Council developed the Innovation Driven Economic Development Model to address shifts from old economies of the industrial age to new, creative economies. With this approach, economic growth sits at the intersection of expertise, interaction or collaboration, diversity, and application with innovation all working in concert.

10. Fed: Memphis Banks Continue to Improve -

Having shaken off most of the losses and other problems related to the housing crisis, new figures from the Federal Reserve Bank of St. Louis show Memphis-area banks on the whole are getting bigger and have balance sheets that keep looking stronger.

11. US Banks in Strong Shape as 4th-Quarter Profit Jumps -

WASHINGTON (AP) – U.S. banks' earnings in the final quarter of 2016 rose 7.7 percent from a year earlier, as lending continued to grow and banks set aside less for losses on loans for the first time since late 2015.

12. Tennessee GOP Leaders Expecting Crowded Field in 2018 Governor’s Race -

Former Tennessee Economic and Community Development Commissioner Randy Boyd got two mentions last Thursday, Feb. 23, at the Greater Memphis Chamber’s breakfast forum – one from guest speaker U.S. Rep. David Kustoff and another from chamber president Phil Trenary.

13. Last Word: Gas Tax Conflict, Redbirds Changes and Hidden Office Space -

The CEO of Memphis-based AutoZone, Bill Rhodes, among the corporate leaders meeting with President Donald Trump recently to urge him to abandon plans for a border tax. This is the tax on goods imported to the U.S. from other countries that U.S. Rep. David Kustoff says also has some opposition among Republicans in D.C.

14. Last Word: The Governor's Race, Beale Street Complications and Southern Avenue -

A close one for the Tigers Sunday at the Forum but Houston still wins 72-71. One more home game Thursday against Tulane and a road game Saturday against SMU before March Madness begins. As that was happening here, better results in Denver Sunday where the Grizz beat the Nuggets 105-98.

15. Snapshot: Hitting the Sweet Spot -

Structural steel work is complete at Sugar Services, which is expanding in the South End of Downtown. It is one of the last remaining industrial tenants in an area where condos and apartments now flourish.

16. Within Memphis’ Massive Industrial Market Lies ‘Hidden Office Space’ -

It’s easy to dismiss the city’s abundance of large warehouses as just big boxes full of smaller boxes, but according to Cushman & Wakefield/Commercial Advisors president and CEO Larry Jensen, that would be a mistake.

17. Brewery District Developer Pulls $1.1M Building Permit -

495 Tennessee St., Memphis, TN 38103: Montgomery Martin Contractors LLC has filed a $1.1 million building permit application with the city-county Office of Construction Code Enforcement for tenant buildout in the former Tennessee Brewery, located at 495 Tennessee St.

18. Turner’s Midtown Expansion Continues With $4.9M Permit -

Turner Holdings LLC’s multimillion-dollar plans to upgrade its Midtown location took another step toward completion as the company filed for a $4.94 million building permit application with the city-county Office of Construction Code Enforcement.

19. Last Word: The List and Who Is On It, Lovell's Impact and Fountain Brook Recovers -

A list of 81 people who can’t come to City Hall without a police escort includes a lot of names from the last year of protests and marches in the city. And as the week begins, the list is under review by Memphis Police Director Michael Rallings at the request of Mayor Jim Strickland.

20. Sector-by-Sector Highlights of the Commercial Property Forecast Summit -

Many of the area’s best and brightest commercial real estate minds were on hand for the Memphis Area Association of Realtor’s Annual Commercial Property Forecast Summit at the Halloran Centre for Performance Thursday afternoon. 

21. Grant Begins New North Memphis Rebuilding Effort -

North Memphis was once a place where heavy manufacturing was across the street from residential development and mom-and-pop retail was just down the street.

It was a thriving, blue-collar area of Memphis with block clubs, union halls, grassroots politics, lumber yards and nightclubs.

22. Luxury Apartments Begin $17 Million Expansion -

3333 Hacks Cross Road, Memphis, TN 38125: Fieldstone Apartment Homes, a gated community in southeast Memphis, is in the process of another massive expansion.

Permit Amount: $9.7 million (combined)

23. Archived Article -

3333 Hacks Cross Road

Memphis, TN 38125

Permit Amount: $9.7 million (combined)

Project Cost: $17 million

24. Dr. Bethune Was True Fundraiser -

In the early 1950’s, I had the honor to hear Dr. Mary McLeod Bethune speak in a packed, hot and humid Clayborn Temple in Downtown Memphis. She was a powerful orator. She mesmerized me, she mesmerized the crowd. She raised money for Bethune-Cookman College the old fashioned way: “She passed the hat.” 

25. TVA Drilling Controversy May Change Well Actions -

The controversy over Tennessee Valley Authority drilling water wells into the Memphis aquifer for the new TVA power plant in southwest Memphis is becoming a push for more public notice of such plans and better mapping of the water supply under the city.

26. Crosswood, nexAir File Infill Permits at Crosstown -

Two more Crosstown Concourse tenants are laying the groundwork for their big move into the ambitious Midtown mixed-use unit.

Grinder, Taber & Grinder Inc. filed a $1.5 million building permit application for tenant infill with the city-county Office of Construction Code Enforcement for nexAir, which specializes in welding equipment and industrial and medical gases.

27. County Seeks Public Input of Possible Hacks Cross Project -

Shelby County officials and representatives from civil engineering firm Powers Hill Design presented plans to widen parts of Hacks Cross Road at a public meeting Thursday, Feb. 9.

The proposed improvements to the 1.8-mile stretch of Hacks Cross between Shelby Drive and Stateline Road hope to alleviate residential and industrial traffic congestion that plague the heavily traversed thoroughfare between Tennessee and Mississippi.

28. State Of The Suburbs -

With its central location, unparalleled access to major roads, rails, runways and rivers and low cost-of-living, it’s no surprise that Memphis and the surrounding area is a popular destination for corporate headquarters, national retail brands and major industrial centers.

29. Events -

Shelby County Real Estate Road Show, co-sponsored by Shelby County Trustee David Lenoir and Chandler Reports, will be held Thursday, Feb. 9, from 5 p.m. to 7 p.m. at the Memphis Area Association of Realtors, 6393 Poplar Ave. Learn about the county’s tax sale process and anti-blight initiative, as well as how to bid on commercial, industrial and residential properties through the Civic Source online system. Cost is free. Register at eventbrite.com or email kwhitaker@shelbycountytrustee.com.

30. Events -

Talk Shoppe will meet Wednesday, Feb. 8, from 9 a.m. to 10 a.m. in NovaCopy’s conference room, 7251 Appling Farms Parkway. Leadership development coach Shelley Baur will present “Creating Honest Conversations to Build Better Relationships.” Cost is free. Visit talkshoppe.com.

31. Events -

Shen Yun Performing Arts will perform in Tuesday and Wednesday, Feb. 7-8, at 7:30 p.m. at the Cannon Center for the Performing Arts, 255 N. Main St. The performance explores traditional Chinese culture and legends through a blend of classical dance and orchestral music. Tickets start at $70. Visit shenyun.com or call 888-974-3698.

32. Trump Inherits a Healthy Job Market, With Solid Hiring -

WASHINGTON (AP) – President Donald Trump has inherited a healthy-looking job market from his predecessor, with the U.S. economy registering a burst of hiring in January and an influx of Americans looking for work.

33. Events -

The second We Mean Business Symposium, hosted by the City of Memphis Office of Business Diversity and Compliance, will be held Wednesday, Feb. 8, from 8 a.m. to 3:30 p.m. at the Tower Center at Clark Tower, 5100 Poplar Ave., 33rd floor. The primary focus is to share upcoming city bid opportunities for small and minority-owned businesses. Companies also will learn about the certification and registration process and how to leverage the city’s diversity programs. The first J.E. Walker Breaking Barriers Awards Luncheon will follow. Cost is free; RSVP required. Register at eventbrite.com.

34. Events -

NAWBO Memphis will present “Selling for Business Owners” Tuesday, Feb. 7, from 11:30 a.m. to 1 p.m. at Seasons 52, 6085 Poplar Ave. Shawn Karol Sandy, chief revenue officer of The Selling Agency, will share the three-point plan that builds your own selling program and positions your company in front of your ideal customers. Register at nawbomemphis.org.

35. South Memphis Businesses Awarded $40K in ICED Loans -

A pair of South Memphis businesses were awarded a combined $40,000 in Inner City Economic Development loans by the Economic Development Growth Engine’s finance committee this week.

Champion’s Pharmacy & Herb Store, 2369 Elvis Presley Blvd., and Park Place Recycling & Logistics, 815 E. Georgia Ave., were each approved for a $20,000 ICED loan Wednesday, Feb. 1, to assist with building improvements and business expansions.

36. Fed Leaves Key Rate Unchanged at a Time of Uncertainty -

WASHINGTON (AP) – The Federal Reserve has left its key interest rate unchanged at a time of solid economic gains but also heightened uncertainty surrounding the new Trump administration.

37. Federal Utility TVA Going to Trial Over Pollution Claims -

NASHVILLE, Tenn. (AP) – Environmental groups are taking the Tennessee Valley Authority to trial over waste ash from an aging coal-fired power plant northeast of Nashville, saying it polluted the Cumberland River in violation of the Clean Water Act.

38. Society of Women Engineers Launches Section in Memphis -

For more than 60 years, the Society of Women Engineers has worked to help given women a voice in the male-dominated engineering industry, and now one of the organization’s newest local “sections” has been formally launched in Memphis.

39. US Business Spending Rises for 3rd Month, Boosting Factories -

WASHINGTON (AP) – U.S. businesses ramped up their investment in industrial machinery, semiconductors and other big-ticket items last month, boosting demand for factory goods.

A measure that tracks business spending plans climbed 0.8 percent in December, after jumping 1.5 percent the previous month, the Commerce Department said Friday.

40. Haywood County’s Largest Employer Expanding -

A Rhode Island-based manufacturer of compounds, composites and plastics will invest $32.2 million to expand its West Tennessee distribution facility, creating 50 jobs.

Teknor Apex plans to build a 200,000-square-foot distribution facility in the Brownsville-Haywood County Industrial Park. The company established operations in Brownsville in 1971.

41. E-Commerce Return Shipments Spur Growth in Reverse Logistics Sector -

After the dust settled from the busiest time of the year for return shipments, commercial real estate services and investment firm CBRE Group Inc. released a report that outlined the methods retailers use to handle returned merchandise from e-commerce sales.

42. Last Word: Connecting Downtown, Tranquil Treasure and Gas Tax Complexities -

Temple over the Tigers Wednesday in Philadelphia 77-66. East Carolina at the Forum is coming up Saturday. Grizz and Raptors at the Forum Wednesday evening and the Grizz win 101 – 99. The Grizz are on the road starting Friday against the Trail Blazers.

43. Dow 20,000: What Does It Mean and Where Does It Go? -

With the Dow Jones industrials above 20,000, it's natural to ask what's going on and what, if anything, investors should do. Here are some answers to common questions that people have about the stock market.

44. Dow Jones Industrial Average Breaks Through 20,000 Milestone -

The Dow Jones industrial average crossed the 20,000 mark for the first time Wednesday, the latest milestone in a record-setting drive for the stock market.

Strong earnings from Boeing and other big companies helped push the Dow past the threshold early on and had U.S. stocks solidly higher in late-afternoon trading. The Standard & Poor's 500 index and Nasdaq composite were on course for record highs of their own after each closed at all-time highs on Tuesday.

45. Haywood County’s Largest Employer Expanding -

A Rhode Island-based manufacturer of compounds, composites and plastics will invest $32.2 million to expand its West Tennessee distribution facility, creating 50 jobs.

Teknor Apex plans to build a 200,000-square-foot distribution facility in the Brownsville-Haywood County Industrial Park. The company established operations in Brownsville in 1971.

46. State Sens. Harris, Kelsey Critical of TVA Water Wells -

When Odell Johnson goes on business trips he looks forward to seeing water pumping plants in other cities that use surface water for drinking water.

Johnson is the manager for water and engineering operations at Memphis Light, Gas and Water Division. He made the comment Tuesday, Jan. 24, as his tour of the utility’s Sheahan Pumping Station served as a backdrop for the ongoing debate about the Tennessee Valley Authority’s change of plans to cool its new natural gas-fired power plant in southwest Memphis.

47. Last Word: The TVA Well Controversy, Fred Smith Redux and Norris On The Gas Tax -

The new Trader Joe’s in Germantown won’t be alone by the plans the supermarket chain got approved Tuesday night by the Germantown Design Review Commission. The conversion of the old Kroger store on Exeter includes seven other bays as Trader Joe’s goes for a smaller footprint than the size of the original building.

48. FedEx's Fred Smith Talk Trade after Trump’s TPP Decision -

President Donald Trump’s decision to withdraw the United States from the Trans-Pacific Partnership trade pact has struck a note of discord with FedEx chairman, president and CEO Fred Smith.

49. MEI Survey: Strong Memphis Economy Ahead in ’17 -

The Memphis-area economy across several key sectors – construction, real estate, retail spending, and others – is continuing to improve.

That’s according to the “Beige Book,” the Federal Reserve’s latest survey of economic conditions in the region that includes Memphis , which was released in recent days. It’s a report that each of the regional Fed districts publishes as a survey of their respective territories.

50. County Commission Renews Bolton Contract -

Shelby County Commissioners voted Monday, Jan. 9, to renew a contract with attorney Julian Bolton after some debate about whether Bolton’s position is necessary.

51. County Commission Continues Bolton Contract, Approves Legislative Wish List -

Shelby County Commissioners voted Monday, Jan 9, to renew its contract with attorney Julian Bolton after some debate about whether Bolton’s position in necessary.

52. Opponents of Dairy Expansion To Host Community Meeting -

A group of Midtown citizens who are opposed to the expansion of Turner Dairy’s Madison Avenue location will hold a public meeting Tuesday, Jan. 10, at 5:30 p.m. in the Hattiloo Theatre lobby, 37 S. Cooper St.

53. Last Word: The Elvis Tradition, Cordova Brewery and Parkside Path -

For about three decades now, there has been a cultural and political tradition around the birthday of Elvis Presley. It used to be a proclamation by the Shelby County Mayor and the Memphis Mayor on the steps of Graceland with a birthday cake.

54. New Cordova-Area Brewery Coming Soon -

The fact that Ben Pugh and Richie EsQuivel decided to name the brewery they’re developing in Cordova “Meddlesome Brewing Co.” gives at least some indication of the nature of their personalities.

55. Avison Young Adds Four To Memphis Office Staff -

Commercial real estate firm Avison Young has announced four new additions to its Memphis office, including Greg deWitt, who will join as vice president.

DeWitt, a 23-year veteran of the commercial real estate market in Memphis, specializes in tenant and landlord representation for office and industrial properties.

56. Nordstrom Rack Files $1.5M Permit for Memphis Store -

4572 Poplar Ave.

Memphis, TN 38117

Permit Amount: $1.5 million

Project Cost: $25.2 million

Application Date: December 2016

57. Avison Young Adds Four To Memphis Office Staff -

Commercial real estate firm Avison Young has announced four new additions to its Memphis office, including Greg deWitt, who will join as vice president.

DeWitt, a 23-year veteran of the commercial real estate market in Memphis, specializes in tenant and landlord representation for office and industrial properties.

58. What it Takes to Keep FedExForum Clean -

With around 100 arena events and 100 private events every year, FedExForum hosts millions of guests annually. Most people attending these events are completely oblivious to the “show” that’s going on behind the scenes – the hundreds of people and unbelievable number of hours put in to make the games and events possible.

59. Germantown Park Offices Sell for Nearly $48 Million -

A large office park near the intersection of Germantown Parkway and Walnut Grove Road in Cordova has been sold for nearly $50 million.

New York-based DRA Advisors LLC, acting as DRA CRT Germantown Center LP, sold six parcels to Real Capital Solutions, acting as EAT-1615 LLC, for $47.8 million.

60. Final Goodbye: Roll Call of Some of Those Who Died in 2016 -

Death claimed transcendent political figures in 2016, including Cuba's revolutionary leader and Thailand's longtime king, but also took away royals of a different sort: kings of pop music, from Prince and David Bowie to George Michael.

61. Riding Momentum -

Around this time each year, everyone tends to start fetishizing the blank slate a bit, with its attendant allure of reinvention and that sweeping away of the old order to make way for what comes next.

62. Germantown Park Offices Sell for Nearly $48 Million -

A large office park near the intersection of Germantown Parkway and Walnut Grove Road in Cordova has been sold for nearly $48 million.

New York-based DRA Advisors LLC, acting as DRA CRT Germantown Center LP, sold six parcels to Real Capital Solutions, acting as EAT-1615 LLC, for $47.8 million.

63. Last Call: Economic Indicator Survey Closes On Dec. 31 -

Memphis-based FedEx Corp. rightfully is considered an economic bellwether because of the front-line view the package delivery giant has on economic activity thanks to consumers’ purchasing and shipping habits.

64. Midtown Retail Property Sells for $5 Million -

1625 Poplar Avenue

Memphis, TN 38104 

Sale Amount: $5 million

Sale Date: Dec. 21, 2016

65. Many New Restaurants, Food Businesses Served Up in 2016 -

In a few weeks, the East Memphis space that once housed Cosmic Coconut will host a grand opening for its new incarnation.

It’s been reimagined as City Silo Table & Pantry, a concept that owner Scott Tashie – who also owns I Love Juice Bar in Midtown as well as the future I Love Juice Bar in Crosstown – said was a natural evolution. Encompassing a total of 2,600 square feet and anchored by a 10-foot farm table, City Silo expands on the expectation its owner says Cosmic Coconut set for “creative, clean eating” in Memphis.

66. Last Word: Liberty Bowl Memories, Talk About Violence and The Year In Ed & Med -

Grizz fall to the Celtics in Boston Tuesday 113-103. With Mike Conley and five other starters out. Away from triple digits, it is SMU over the Tigers at the Forum Tuesday 58-54.

67. Large Deals, Office Construction Among Memphis' Commercial Real Estate Trends -

Coming off of a strong year in 2015, the commercial real estate market in the Memphis metropolitan area continued to do well in 2016.

Larry Jensen, president and CEO of Cushman & Wakefield/Commercial Advisors, said his company was tracking approximately 6 million square feet of net absorption in the industrial market headed into the last week of 2016, as compared to 8.4 million in 2015.

68. Hickory Hill Apartments Sell for $28 Million -

A California-based real estate investment and advisory firm has purchased the 630-unit Trails at Mt. Moriah apartment complex for $28 million, or $44,444 per unit.

MDO Trails LLC, an affiliate of Newport Beach, California-based CORE Realty Holdings Management Inc., purchased the Class B multifamily property from NNN Mt. Moriah Apartments LLC and 39 related entities in a Dec. 13 warranty deed.

69. US Business Investment Rose in November for 2nd Month -

WASHINGTON (AP) – U.S. businesses stepped up their spending on industrial machinery, steel, and other big-ticket items last month, a sign that one of the economy's weak spots may be improving.

70. Developer Buys Former Merle Norman Warehouse -

3670 S. Perkins Road

Memphis, TN 38118

Sale Amount: $1.3 million

Sale Date: December 2016

Buyer: Farnsworth Investment Co.

71. Hickory Hill Apartments Sell for $28 Million -

A California-based real estate investment and advisory firm has purchased the 630-unit Trails at Mt. Moriah apartment complex for $28 million, or $44,444 per unit.

MDO Trails LLC, an affiliate of Newport Beach, California-based CORE Realty Holdings Management Inc., purchased the Class B multifamily property from NNN Mt. Moriah Apartments LLC and 39 related entities in a Dec. 13 warranty deed.

72. Village Shops of Forest Hill Sells for $37.1 Million -

A 360,000-square-foot commercial retail center in Germantown recently was purchased by Epic Real Estate Partners acting as EREP Forest Hill I LLC for $37.1 million.

73. Developer Buys Former Merle Norman Warehouse -

Merle Norman Cosmetics Inc. has sold its former Memphis distribution center to local real estate developer Thomas Farnsworth Jr. for $1.3 million.

74. Last Word: Epping Way, Conley's Return and 'Ascend' -

What is the encore after a year that has included the opening of Big River Crossing, the eastward expansion of the Shelby Farms Greenline across Germantown Parkway to the old town part of Cordova and the opening of Shelby Farms Park’s Heart of the Park renovation? Two words: Epping Way.

75. Memphis Chamber Announces Program to Assist Minority-, Women-Owned Businesses -

At a press conference fittingly held at the National Civil Rights Museum, The Greater Memphis Chamber announced their newest pilot program Thursday, Dec. 15: the Ascend Memphis Business Development Pilot Program.

76. Water Bottler to Open $78M Plant Near Byhalia, Hiring 38 -

BYHALIA, Miss. (AP) – A water bottling company will open a $78 million facility in Marshall County next year, hiring 38 workers.

Niagara Bottling, based in Ontario, California, is buying a 554,000-square-foot building in the Chickasaw Trail Industrial Park from Panattoni Development Co. Niagara makes private-label bottled waters, tea and sports drinks for retailers.

77. Local Developer Buys Former Merle Norman Warehouse -

Merle Norman Cosmetics Inc. has sold its former Memphis distribution center to local real estate developer Thomas Farnsworth Jr. for $1.3 million.

78. Wolf River Greenway’s Epping Way Segment Moves Toward May Opening -

The only trace of Berry Brooks’ Epping Way clubhouse and recreation area is a pair of wooden gabled stone posts across the curb cut and gravel entrance at the end of a Raleigh cul de sac.

The clubhouse and its parking lot just beyond the entrance on a hilltop that is still a verdant green days away from winter is long gone. A slim border, perhaps of a swimming pool, appears intermittently. The nine tennis courts are now a duck pond near the 20-acre lake that remains the centerpiece of the property.

79. Village Shops of Forest Hill Sold for $37.1 Million -

9155 U.S. Highway 72

Germantown, TN 38138

Sale Amount: $37.1 million 

Sale Date: December 2016

80. Faison’s Folly? Pushing Pot as a Conservative -

By just about any measure, state Rep. Jeremy Faison is a hardcore conservative. But when it comes to the cannabis plant, the East Tennessee legislator is ready to fire up the General Assembly with a move to liberalize the state’s pot law.

81. Development Projects Tied to Mid-South Reach $9.2B -

The number of development projects in the Memphis market has risen above $9 billion, according to data compiled by Cushman & Wakefield/Commercial Advisors.

The updated number comes from an ambitious project the commercial real estate firm began earlier this year called 901REnews.

82. Avison Young Names Director Of Property Management -

Avison Young has named Tim Norwood the new director of property management for its Memphis office, the Toronto, Canada-based commercial real estate services firm announced Monday, Dec. 12.

83. Village Shops of Forest Hill Sold for $37.1 Million -

A 360,000-square-foot commercial retail center in Germantown was recently purchased by Epic Real Estate Partners acting as EREP Forest Hill I LLC for $37.1 million.

84. Evolving PILOT Programs in Memphis Look to Restore Competitive Balance -

When the Memphis-Shelby County Economic Development Growth Engine approved its Fast Track payment-in-lieu-of-taxes (PILOT) program earlier this year, it was with the hopes of bringing back a competitive balance between Memphis and North Mississippi.

85. Growing Pains -

In many ways, Citizens to Preserve Overton Park v. Volpe in 1971 shaped the way Midtown Memphis looks today, so it’s only fitting that the park continues to inspire citizens to fight for what they feel is right.

86. Short-Term Leases Help Retail Industry Navigate Busy Shopping Season -

With the holiday shopping season already in full swing, some companies in need of additional space to help alleviate their seasonal storage requirements are finding willing landlords as partners.

Because holiday retail sales are expected to significantly rise above the 10-year average and increase 3.6 percent to $655.8 billion nationally, according to the National Retail Federation, it’s no surprise local companies are looking to work out year-end deals with landlords trying to fill leftover space.

87. US Bank Earnings Up Nearly 13 Percent in Q3 -

WASHINGTON (AP) – U.S. banks' earnings in the July-September period jumped nearly 13 percent from a year earlier as continued growth in lending fueled interest income.

The data issued Tuesday by the Federal Deposit Insurance Corp. showed strength in the banking industry more than eight years after the financial crisis struck. However, the impact of low oil prices on energy companies led banks to continue to post bigger losses on commercial and industrial loans. Some energy companies have struggled to repay loans, causing distress for banks in oil and gas producing regions.

88. Kirk-Ivy Named 2016 Mississippi Commercial Realtor -

Bambi K. Kirk-Ivy, a commercial Realtor and marketing director at Olive Branch-based Utley Properties, recently was recognized as the 2016 Mississippi Commercial Realtor of the Year at the annual Mississippi Realtors Convention and Expo.
As a landlord representative for all of Utley’s properties, most of Kirk-Ivy’s work has been in retail; however, she says the company is now focusing on light industrial-type flex spaces consisting of office, showroom and warehouse uses.
In 2017, she also will serve as the northern district director on the Mississippi Commercial Association of Realtors board of directors. 

89. Morris Auction Group Adds New Services in Destin, Fla. -

Six months after Memphis-based Morris Auction Group expanded into Destin, Florida, the company is expanding the scope of its services there.

Morris’ Destin branch, Luxury Estates Auction Co., has added a new arm focused on traditional real estate services. Called Luxury Estates Realty Group, the arm will focus on showcasing and selling high net worth properties in the Destin/30A area and the Northwest Florida region.

90. Mortgage Rates Keep Rising After Trump's Election Win -

WASHINGTON (AP) – Long-term U.S. mortgage rates continued to surge last week in the aftermath of Donald Trump's election win.

Mortgage giant Freddie Mac said Wednesday that the average rate on a 30-year fixed rate loan shot up to 4.03 percent, the highest since July 2015 and up from 3.94 percent a week earlier. The rate on 15-year home loans climbed to 3.25 percent, up from 3.14 percent last week and highest since January.

91. Morris Auction Group Adds New Services in Destin, Fla. -

Six months after Memphis-based Morris Auction Group expanded into Destin, Florida, the company is expanding the scope of its services there.

Morris’ Destin branch, Luxury Estates Auction Co., has added a new arm focused on traditional real estate services. Called Luxury Estates Realty Group, the arm will focus on showcasing and selling high net worth properties in the Destin/30A area and the Northwest Florida region.

92. Gill Seeks $25 Million Permit For New MAA Headquarters -

6815 U.S. 72

Germantown, TN 38138

Permit Amount: $25 million

Future Tenant: MAA

93. Memphis 3.0 Plan Weighs Scale Of Development -

Office towers close to smaller-scale retail or residential development is one of the themes in the still emerging plan for the expansion of St. Jude Children’s Research Hospital in the Pinch district.

94. Wyatt Aiken, Accomplished Memphis Commercial Real Estate Broker, Dies -

Widely known and highly respected Memphis commercial real estate broker Wyatt Aiken died Friday morning after an extended illness.

Aiken was executive vice president/CEO of Cushman Wakefield-Commercial Advisors. Among his many professional achievements, Aiken served as president of the SIOR (Society of Industrial and Office Realtors) Memphis Chapter in 2007-2008.

95. EDGE Board Approves Fast Track PILOT -

The Economic Development Growth Engine of Memphis and Shelby County approved an incentives request from International Distributors USA to relocate from Olive Branch and expand in Memphis.

The Fast Track payment-in-lieu-of-taxes (PILOT) clears the way for International Distributors to move from its current 165,000-square-foot location in Olive Branch to a 510,310-square-foot facility at 4770 Hickory Hill Road in South Memphis.

96. 1 Worker Killed, Another Injured at Cargill Plant In Memphis -

MEMPHIS, Tenn. (AP) – Police say a worker has been killed and another has been injured in an industrial accident at the Cargill plant in Memphis.

Memphis police spokesman Louis Brownlee says a wall collapsed during demolition at the plant at around 10:45 a.m. Wednesday. Brownlee says the injured worker was taken to a hospital in non-critical condition. The names of the workers have not been released.

97. St. Jude Planning Renovation Of Tri Delta Place -

350 N. Third St.

Memphis, TN 38105

Permit Amount: $3.5 million

Application Date: November 2016

98. Olive Branch Operation Eyes Relocation to Memphis -

International Distributors USA Inc., which distributes automotive filters under the brand Premium Guard, has applied for a 10-year Fast Track PILOT to move its national distribution center out of Olive Branch and into Hickory Hill.

99. Auto Safety Supplier Autoliv Moves Into Memphis -

Autoliv, the world’s largest auto safety supplier, has signed a lease to move into a 157,366-square-foot distribution facility in Olive Branch, Mississippi.

Hillwood Investment Properties announced the lease Monday, Nov. 14.

100. Specialized Lending Teams Helping Banks Build Business Relationships -

Standing apart from the competition in banking is not necessarily the simplest thing to do, given that key aspects of the industry – making loans, taking deposits and the like – look so similar from one institution to the next.