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Editorial Results (free)

1. Developers Close on Land For Rock Climbing Wall -

Chattanooga-based High Point Rock Climbing and Fitness Memphis, doing business as High Point Memphis LLC, has purchased an undeveloped tract of land adjacent to Christian Brothers High School from Boyle Investment Co., doing business as BIC HH Partnership, for $1.9 million.

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

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

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

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

4. Developers Close on Land For Rock Climbing Wall -

Chattanooga-based High Point Rock Climbing and Fitness Memphis, doing business as High Point Memphis LLC, has purchased an undeveloped tract of land adjacent to Christian Brothers High School from Boyle Investment Co., doing business as BIC HH Partnership, for $1.9 million.

5. How Many Funds Make a Good Mix? -

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

6. On a Chaotic Day in DC, Trump Goes After Amazon, Again -

WASHINGTON (AP) – President Donald Trump renewed his attacks on e-commerce giant Amazon, saying Wednesday that the company is "doing great damage to tax paying retailers."

Trump, in a tweet, said that "towns, cities and states throughout the U.S. are being hurt – many jobs being lost!"

7. SBA Head Sees Businesses Held Back by Lack of Loans, Workers -

NEW YORK (AP) – Six months into her tenure as head of the Small Business Administration, Linda McMahon sees a split among small business owners – they are increasingly optimistic, she says, but many are held back by their inability to get loans or find the right workers for jobs that are staying open.

8. Peak Capital Closes On Memphis Apt. Purchase -

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

9. One Decade Later: Effects of Financial Crisis Still Linger -

Ten years removed from the worst financial crisis since the Great Depression, the banking industry has transformed itself and wealth managers say investors remain leery.

Among other things, First Tennessee Bank jettisoned its national mortgage operation in the wake of the crisis. It refocused its attention and efforts around being a strong regional bank, as opposed to one with aggressive national ambitions. It trimmed headcount, boosted investment in technology and began to specialize, creating new industry-specific teams in verticals like health care and music-industry banking.

10. Funding Announcements Cap Startup Demo Day -

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

11. Tennessee Man Pleads Guilty in $43M Investment Scheme -

NASHVILLE, Tenn. (AP) – A Tennessee man has pleaded guilty in a $43 million scheme that caused investors to lose $10 million, which he used to buy vehicles and real estate and start a used car lot.

12. Mylan, Like Other Generic Drugmakers, Feels the Pricing Pain -

NEW YORK (AP) – Mylan's second-quarter profit and revenue surged, but not as much as Wall Street had expected and the company is taking a more conservative view going forward because of "ongoing challenges and the uncertain U.S. regulatory environment."

13. Postal Service May Get More Freedom To Raise Stamp Prices -

WASHINGTON (AP) – It may be time to stock up on Forever stamps.

Regulators appear likely to accept the financially beleaguered Postal Service's request for more freedom to raise the price of mailing letters. It would be the biggest change in the Postal Service's pricing system in nearly a half-century, allowing stamp prices to rise beyond the rate of inflation.

14. Cordova Apartment Community Sells for $27.9M -

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

15. 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.

16. Tenet Healthcare Reports $55 Million Loss in Q2 -

Tenet Healthcare Corp. on Monday, Aug. 7, reported a loss of $55 million in its second quarter.

The Dallas-based company, whose local operations include Saint Francis Hospital-Memphis and Saint Francis Hospital-Bartlett, said it had a loss of 55 cents per share. Losses, adjusted for one-time gains and costs, came to 17 cents per share.

17. What is MROI? -

Have you ever looked at your organization’s marketing spend and wondered, “What do I have to show for this?” Or maybe you spent the six-figure marketing budget and have to justify the same spend for the upcoming budget year. Either way, you need to calculate marketing return on investment (MROI).

18. New Rock Climbing Studio Planned For East Memphis -

Chattanooga-based High Point Climbing and Fitness has submitted plans with development officials to open a Memphis location adjacent to Christian Brothers High School in East Memphis.

19. Sports Event Broker Indicted -

Rick Barlow, a sports event broker whose company arranges travel and event packages to sporting events, is accused of felony theft of property.

20. Toyota, Mazda Plan $1.6 Billion US Plant, to Partner in EVs -

TOKYO (AP) – Japanese automakers Toyota Motor Corp. and Mazda Motor Corp. plan to spend $1.6 billion to jointly build auto manufacturing plant in the U.S. – a move that will create up to 4,000 jobs, both sides said Friday.

21. Bartlett Shopping Center Sells for $1.4 Million -

A Bartlett retail center has switched hands in a multimillion-dollar deal.

Robinwood Commercial Center, located at 6722 U.S. 70 in Bartlett, was purchased by California-based Kirama Investment Group for $1.4 million, according to paperwork filed with the Shelby County Register.

22. Fannie Mae Posts $3.2B Profit in Q2; To Pay $3.1B Dividend -

WASHINGTON (AP) – Fannie Mae reported net income of $3.2 billion from April through June, up from a year earlier as the mortgage giant marked gains on its investments.

The government-controlled company released its second-quarter results Thursday. Washington-based Fannie Mae will pay a dividend of $3.1 billion to the U.S. Treasury next month if the company's federal regulator agrees. That payment would bring the total dividends paid by Fannie to $165.8 billion.

23. Cordova Apartment Community Sells for $27.9M -

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

24. Jernigan Capital Reports Strong Second Quarter -

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

25. First Alliance Bank Inks 10-Year Lease to Move to Clark Tower -

Memphis-based First Alliance Bank has signed a 10-year lease to relocate its Poplar Avenue branch into the recently remodeled Clark Tower office building.


5100 Poplar Ave.
Memphis, TN 38137

26. Qatar Airways Dropping Plan to Invest in American Airlines -

DALLAS (AP) – Qatar Airways says it is dropping an attempt to buy a big stake in American Airlines, an audacious bid that had received a chilly reception from American.

Qatar Airways said Wednesday that the investment no longer meets its objectives. American Airlines Group Inc. did not comment immediately.

27. Last Word: Kustoff at Rotary, Royal's Vibe and The Terms of MEMPOWER -

The investment group that renovated the Chisca resurfaced Tuesday evening with a plan for the Wonder Bread factory, vacant for the last four years. But don’t look for a return of the bread smell to the Edge area. And if you look at what has started to happen in that particular corridor since Wonder Bread shut down, the mixed-use plan has some precedent. Throw in the move to sell The Commercial Appeal property just a few blocks away and if the economy remains this good, the transformation in this area could be radical in another four years.

28. Flying Ace Sully Makes Case Against Privatization -

WASHINGTON (AP) – Who are you going to trust when it comes to what's best for the flying public? Members of Congress or the hero of the Miracle on the Hudson, retired Capt. Chesley "Sully" Sullenberger?

29. Sprint Posts Rare Profit, Says a Deal May Be Coming Soon -

OVERLAND PARK, Kan. (AP) – Sprint said Tuesday that it should be able to "strike a deal" in the "near future," driving up shares of the fourth-largest U.S. wireless carrier.

The Overland Park, Kansas, company also posted its first quarterly profit in three years as it cut costs.

30. First Alliance Bank Moving to Clark Tower -

Memphis-based First Alliance Bank has signed a 10-year lease to relocate its Poplar Avenue branch into a new facility inside the recently remodeled Clark Tower office building.

The new 3,920 office will be located adjacent to Clark Tower’s lobby, and will offer full banking services and a drive-through facility.

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

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

32. Scaramucci Out of White House Job as John Kelly Takes Charge -

WASHINGTON (AP) – Anthony Scaramucci is out as White House communications director after just 11 days on the job – and just hours after President Donald Trump's new chief of staff, John Kelly, was sworn into office.

33. Bartlett Shopping Center Sells for $1.4 Million -

A Bartlett retail center has switched hands in a multimillion-dollar deal.

Robinwood Commercial Center, located at 6722 U.S. 70 in Bartlett, was purchased by California-based Kirama Investment Group for $1.4 million, according to paperwork filed with the Shelby County Register.

34. Money is Not Enough -

Nonprofits play a critical role across the Mid-South. They represent, serve and advocate for a great diversity of individuals, families and causes. They improve the quality of life, generate innovations, and give voice to the challenges unseen and needs still unmet. They are joined in this work by foundations and corporations who provide money, resources, connections and technical assistance.

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

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

36. Last Word: 'Secular Stagnationists', CRE's Big Year in Memphis and Lakeland Prep -

Protests over the weekend in Martyr’s Park and at the federal prison facility in Mason, Tennessee for those rounded up in the ICE – Immigration and Customs Enforcement -- raids here in Memphis that began a week ago. Latino Memphis is also offering legal advice to those who believe they may be caught up in the new push. There are also several efforts to support families that find mothers and/or fathers in federal custody in the sweeps. And over the weekend, Memphis Police issued an arrest warrant for a bounty hunter who turned up on YouTube video in an apartment complex with a large Latino tenant base wearing some kind of badge and vest.

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

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

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

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

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

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

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

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

41. US Economy Expanded at Stronger 2.6 Percent Rate in Q2 -

WASHINGTON (AP) – The U.S. economy revved up this spring after a weak start to the year, fueled by a surge in consumer spending. But the growth spurt still fell short of the optimistic goals President Donald Trump hopes to achieve through tax cuts and regulatory relief.

42. 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.

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

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

44. Goldman Sachs, Others Push to Offer More Loans to Investors -

NEW YORK (AP) – Goldman Sachs is looking to lend wealthy investors up to $25 million, using their stocks and bonds as collateral.

The investment bank announced a partnership Thursday with Fidelity Investments under which it will offer investors loans starting at $75,000. The loans will be backed by the stocks and bonds the investors hold in Fidelity-held brokerage accounts. US Bank is also participating as a lender.

45. Developer Pursues New Cooper-Young Apartment Complex -

A Los Angeles-based developer has submitted plans to construct a 25-unit apartment complex in the heart of Cooper-Young.

Focal Point Investment wants to develop a two-building apartment complex with 25 studio apartments on the 0.4-acre vacant lot located across the street from First Congregational Church at 999 S. Cooper St., according to an application submitted to the Shelby County Board of Adjustment.

46. Whole Foods' Key Sales Dip Shows Amazon Buying a Fixer-Upper -

AUSTIN, Texas (AP) – Amazon is set to have a fixer-upper on its hands, with Whole Foods reporting another key sales decline.

The grocery chain said Wednesday that sales fell 1.9 percent at established locations for the three months that ended July 2. That marks the eighth straight quarter the figure has declined as Whole Foods sees more competition from traditional grocers, big box retailers and others that are offering more organic choices.

47. 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.

48. Last Word: The Old Auto Inspection Station, Beale Field Trip and Re-Democrating -

Memphis Mayor Willie Herenton has a different version of his 2016 plan to build two youth development centers for juvenile offenders to go to instead of detention at the Wilder Youth Development Center in Somerville. About a year ago, Herenton had tentative plans for two of the New Path centers in Shelby County that would be centers where the offenders could live.

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

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

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

50. Sterigenics Triples Plant Capacity in West Memphis -

Sterigenics International LLC recently wrapped up a $16.8 million expansion to its West Memphis facility, nearly tripling the site’s gamma sterilization capacity. The company is a global provider of contract sterilization, lab services, gamma technologies and medical isotopes.

51. Last Word: ICE Raids, Who's Buying Afton Grove and Malco Powerhouse Plans -

A protest Sunday evening at the Prescott Place Apartments after federal ICE agents – Immigration and Customs Enforcement – took people into custody there and at Emerald Ridge and Corner Park apartments Sunday morning. The group of organizations protesting the federal action – Memphis Coalition of Concerned Citizens, Cosecha and SURJ Memphis -- say Memphis Police assisted in the immigration operation. Memphis Police deny they were involved in any way. No estimate from ICE on how many people were detained.

52. Sterigenics Triples Capacity At Its West Memphis Sterilization Facility -

Sterigenics International LLC recently wrapped up a $16.8 million expansion to its West Memphis facility, nearly tripling the site’s gamma sterilization capacity. The company is a global provider of contract sterilization, lab services, gamma technologies and medical isotopes.

53. Scene Change -

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

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

54. Be Boring -

Ray’s Take: Sometimes, it’s tempting to try to beat the market through the excitement of stock picking or by choosing riskier investments with the promise of a higher return. It seems like everyone has a friend of a friend with a great investment story.

55. 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.

56. Last Word: Closing the Door, Midtown Rents and Red West's Many Roles -

It didn’t take the Shelby County Commission very long Wednesday to close the door on its budget season – about 20 minutes in the day’s special meeting to approve a county property tax rate of $4.11 on third and final reading. That’s not a quick up or down vote. And it took just a bit longer because there is still some discussion about whether this was a reduction in the tax rate or a tax cut in the sense that a homeowner in Shelby County would understand the term.

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

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

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

58. 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...

59. AutoZone’s Engine Starting to Stall -

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

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

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

61. 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.

62. After-School Job Not For Everyone -

A reader recently wrote to me with an interesting question. He was seeking advice on how his teenage daughter might find an after-school job for her high school years. His logic makes sense. He wants her to learn discipline and to gain a work ethic. These are great qualities for a young student to develop. Although I respect this method of getting there, I also suggested an alternative path.

63. 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.

64. Last Word: The TNT Virus, Tax Compromise and The Race for Governor Gets Active -

FedEx filed a notice with the SEC Monday that indicates its TNT Express subsidiary is still feeling the effects of a cyber attack late last month. And FedEx has traced the Petya virus to its operation in the Ukraine and spreading from there to the whole system.

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

A 198,103-square-foot shopping center in the heart of Bartlett has sold for $28.8 million.

In the deal, The Bartlett Towne Centre, located at 6005 Stage Road, was acquired by Atlanta-based private real estate investment firm Branch Properties LLC from Houston, Texas-based real estate investment trust, Weingarten Realty.

66. Developer Sells Pair Of Bartlett Office Buildings -

Freestanding office buildings at 6590 and 6591 Summer Ave. in Bartlett have sold for just less than $1 million.

67. 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.

68. Senate Confirms Tenn. Businessman Picked by Trump as Japan Envoy -

WASHINGTON (AP) – The Senate has confirmed Tennessee businessman William F. Hagerty as President Donald Trump's ambassador to Japan.

Senators voted 86-12 on Thursday to approve Hagerty's nomination.

69. Developer Sells Pair of Bartlett Office Buildings -

Freestanding office buildings at 6590 and 6591 Summer Ave. in Bartlett have sold for just less than $1 million.

70. 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

71. ISPs Surprise Net Neutrality Fans on Protest Day -

NEW YORK (AP) – AT&T has a surprise for tech firms and internet activists supporting net neutrality, the principle that bars internet service providers from playing favorites with websites and apps.

72. Yellen Tells Congress to Expect More Rate Hikes -

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen told Congress on Wednesday that the central bank expects to keep raising a key interest rate at a gradual pace and also plans to start trimming its massive bond holdings this year.

73. Malco Pulls Additional Building Permit for Downtown Theater -

45 E. G.E. Patterson Ave.

Memphis, TN 38103

Permit Amount: $5 million

Project Cost: $55 million

Application Date: July 2017

Owner: Henry Turley Co. and Community Capital

74. Cordova Shopping Center Sells for $2.3 Million -

The Woodchase Center, located at 2075 N. Germantown Parkway, has a new owner.

Dr. Alan Werner purchased the 28,484-square-foot retail building from MAM Realty Holdings of Memphis LLC for $2.3 million. Brian Califf, executive vice president of NAI Saig, represented Werner, while Melanie Myers with the Gary Myers Co. represented MAM Realty Holdings.

75. Federal Reserve Tells Congress Further Rate Hikes on the Way -

WASHINGTON (AP) – The Federal Reserve said Friday it expects the U.S. economy will strengthen and warrant further gradual increases in its key interest rate.

That rate forecast was included in the Fed's semi-annual monetary report to Congress, which Chair Janet Yellen will deliver to Congress next week. The Fed has raised interest rates three times since December, pushing its benchmark rate to a range of 1 percent to 1.25 percent. The Fed noted that policymakers still expect one more rate hike this year and another three hikes in 2018.

76. Renasant, Metropolitan Banks Complete Merger -

Tupelo, Miss.-based Renasant Corp. has completed its merger with Metropolitan BancGroup, Inc., the parent company of Metropolitan Bank, effective July 1.

77. Bruster’s Ice Cream To Open on Highland Strip -

The Highland Strip will soon be home to a tasty new tenant.

Bruster’s Real Ice Cream plans to move into the 1,300-square-foot space at 571 Highland St., with construction set to begin soon and an expected opening date late this year, according to Loeb Properties Inc.

78. Editorial: Building Broadband Access Tough, Necessary -

Tennessee should have a broadband network that can handle the pent-up demand we all have for this kind of access, whether we are rural, urban or suburban Tennesseans.

It’s an issue whose outcome should not recognize our “grand divisions” or any other borders. It’s also an issue that dovetails with the Federal Communications Commission’s recent steps to roll back net neutrality rules, regulations enacted in 2015 that require broadband providers to treat all website traffic equally.

79. Need For Speed -

Access to high-speed broadband is a growing issue in Tennessee as technological advances in business and education become more digitally based. For the rural areas around Memphis and across the state, it is becoming a matter of disparity both on the workforce-training front and in classrooms. And the two are inextricably linked.

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

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

81. Microsoft Laying Off Thousands of Workers in Sales Shakeup -

REDMOND, Wash. (AP) – Microsoft is laying off thousands of employees in a shake-up aimed at selling more subscriptions to software applications that can be used on any internet-connected device.

82. Jernigan Capital Hits Investment Milestones -

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

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

83. Bruster’s Highlights Highland Strip Growth -

When a small record shop called Pop-I’s opened in late 1960s, it helped spark the transformation of a mundane neighborhood shopping center near the University of Memphis into a popular entertainment destination for students.

84. Cooper-Young Getting New Coffee House -

945 Cooper St.
Memphis, TN 38104

Permit Amount: $85,750

Application Date: July 2017

85. SunTrust to Launch Financial Wellness Program -

Physical fitness initiatives have become an increasingly familiar part of corporate life, from employee health risk assessments to offering financial incentives to improve wellness. SunTrust Banks Inc. wants to help companies offer a twist on that concept – fiscal wellness.

86. Area’s Only Epilepsy Monitoring Unit Progressing in First Year -

With more than 30,000 epileptics living in the Memphis area, the Epilepsy Monitoring Unit at Baptist Memorial Hospital-Memphis, which opened nearly one year ago, is providing much needed specialized care and treatment for patients that previously were forced to drive to Jackson or Nashville for similar care.

87. Renasant, Metropolitan Banks Complete Merger -

Tupelo, Miss.-based Renasant Corp. has completed its merger with Metropolitan BancGroup, Inc., the parent company of Metropolitan Bank, effective July 1.

88. St. Jude Names Thomas VP Of Clinical Trials Operations -

Tangie Thomas has joined St. Jude Children’s Research Hospital as vice president of clinical trials operations. In that role, Thomas will lead support for clinical research at St. Jude and its affiliate sites, with duties that include implementing strategic goals, overseeing recruitment efforts and determining how resources are allocated for offices that support clinical research. Thomas previously served as director of clinical affairs at the Sarah Cannon Research Institute in Nashville.

89. Foote Homes Last Vestige Of Public Housing -

As the last of the city’s large public housing developments is demolished, the oldest of the mixed-income communities that replaced them is about to turn 20.

College Park opened in 1998 on the site of what had been Lemoyne Gardens in the area of South Memphis now known as Soulsville.

90. Spike in Home Sales Could be the Spark Frayser Needs -

By almost all accounts the Memphis housing market is firing on all cylinders almost everywhere, but for some neighborhoods hit hardest during the housing crisis like Frayser, the rebuilding process has been slow.

91. Two Bartlett Buildings Sell for $2.7M -

Two flex buildings totaling 30,796 square feet on 3.16 acres of land at 7895 Stage Hills Blvd. in Bartlett were sold for $2.7 million.

92. GOP May Keep Some Obama Tax Hikes to Save Health Care Bill -

WASHINGTON (AP) – Top Senate Republicans on Thursday considered keeping President Barack Obama's tax increase on wealthier people's investments and using the money to bolster their proposed health care subsidies in a bid to mollify moderate GOP lawmakers and salvage the party's struggling bill.

93. US Economic Growth in Q1 Upgraded to 1.4 Percent -

WASHINGTON (AP) – The U.S. economy got off to a lackluster start during the first three months of 2017, though it enjoyed more momentum than earlier estimates indicated.

The Commerce Department said Thursday that gross domestic product, the broadest measure of economic health, grew at an annual rate of 1.4 percent in the first quarter – better than a previous estimate of 1.2 percent and double the initial estimate of 0.7 percent. The upgrade reflects new-found strength in consumer spending and exports.

94. Paying Fulmer $100K A Deal for UT Athletics -

What does Phillip Fulmer’s hiring as special adviser to University of Tennessee president Joe DiPietro have to do with Vols football coach Butch Jones?

95. $18.5 Million Permit Filed for Central Station Project -

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

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

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

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

97. Breaking The Rules And Finding Your Perfect Job -

Sometimes in your career, things don’t always work out the way you plan them. For me, the first time I learned this lesson, I was in college. I went to one of those fancy, private schools to study computer engineering in the late ’90s. I knew that an investment in such a great degree would guarantee me a job when I graduated. Not only that, it would guarantee me a great paying job.

98. Sears Closes Another 20 Stores -

NEW YORK (AP) — Sears is closing another 20 stores as the ailing retailer tries to turn around its business.

Real estate investment trust Seritage, which owns the 20 real estate properties, confirmed the closings— 18 Sears stores and two Kmart stores — in a government filing Friday.

99. Resource Label Group Paved a Road From Lamar to New Bartlett Facility -

After more than 20 years at their facility near Lamar Avenue, Resource Label Group officials wanted to move to a bigger and better place.

After looking around Shelby County, they settled on Bartlett, largely due to the suburban town’s atmosphere and family nature.

100. Community Rx -

As one of the city’s premier medical institutions, Le Bonheur Children’s Hospital stays as busy as you might expect for an organization that tries to operate on the leading edge of pediatric care.