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Editorial Results (free)

1. Kraft Still Hungry For Unilever After Rejected Offer -

NEW YORK (AP) – Kraft Heinz is attempting to buy Unilever in a $143 billion deal that would join the U.S. maker of cheeses and lunch meats with the European producer of mayo, teas and seasonings in a global powerhouse.

2. Haslam Names Rolfe as Commissioner of Economic Development -

NASHVILLE, Tenn. (AP) – Republican Gov. Bill Haslam has named Nashville businessman Bob Rolfe as the new commissioner of the Tennessee Department of Economic and Community Development.

3. Last Word: Wessman Trouble, Selling 495 Union and An Underground Film Icon -

When Wessman Development came to town last year with the idea of a boutique hotel, the Palm Springs, California company was part of the flood of smaller hotel projects Memphis was seeing and is still seeing. Then the company added another hotel and just this month the redevelopment of a building on Madison west of Second Street as apartments with retail on the ground floor. In a very short period of time, Wessman has had a lot of plans for Memphis.

4. Networking Helping Propel Women-Owned Businesses To New Heights -

When Memphis middle schoolers and sisters Madison Star and Mallory Iyana went on “Shark Tank” and secured $60,000 and partnerships with both Mark Cuban and Daymond John, they took their place among the ranks of female entrepreneurs who, in large numbers these days, are showing the business world that they are a force to be reckoned with.

5. Having It Their Way -

She was working for a major petroleum company and had just been transferred to Cody, Wyoming. She was relatively new to the industry and certainly to the boots-on-the-ground oil field where on Day One she got out of her SUV wearing a long skirt and flats.

6. NuVasive Receives 11-Year PILOT, Will Invest $116 Million -

Medical device company NuVasive Inc. has been approved for an 11-year tax incentive that will allow them to invest $116 million into their southeast Memphis facility and create 15 net new jobs.

7. 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)

8. Archived Article -

3333 Hacks Cross Road

Memphis, TN 38125

Permit Amount: $9.7 million (combined)

Project Cost: $17 million

9. Company Announces Pause for Drug After Price Criticism -

WASHINGTON (AP) – Marathon Pharmaceuticals announced Monday that it will temporarily halt the rollout of a drug to treat genetic muscle deterioration just hours after two members of Congress expressed outrage that the company planned to charge $89,000 a year for a drug that's widely available abroad for about $1,000 a year.

10. Midtown High-Rise Sells For $2.3 Million -

A Central Gardens high-rise apartment switched hands for a cool $2.3 million, according to commercial real estate investment sales, financing, research and advisory company Marcus & Millichap, which brokered the deal.

11. 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.

12. Coca-Cola Seeks Formula for Future Growth -

ATLANTA (AP) – Coca-Cola's profit fell 55 percent in the most recent quarter as it restructures with hopes of driving future growth.

Yet the company said it expects its earnings to fall this year, and shares of Coca-Cola dropped more than 2 percent Thursday.

13. Midtown High-Rise Sells For $2.3 Million -

A Central Gardens high-rise apartment switched hands for a cool $2.3 million, according to Marcus & Millichap, the commercial real estate investment sales, financing, research and advisory company that brokered the deal.

14. DMC Explores Long-Term Planning for Beale -

The leader of the Downtown Memphis Commission wants to start working toward a long-term approach to day-to-day management of the Beale Street entertainment district.

That’s what DMC president Terence Patterson told Memphis City Council members Tuesday, Feb. 7, at the council’s second discussion in three weeks about Beale Street.

15. General Motors Invests $47M Into Tennessee, Michigan Plants -

SPRING HILL, Tenn. (AP) – General Motors is investing $47 million into two plants in Tennessee and Michigan.

In Tennessee, the automaker says it will spend $27 million to prepare its Spring Hill plant to assemble a right-hand drive SUV that will be exported to Australia as the Holden Acadia.

16. 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.

17. Cost-Containment Strategies for Employers -

After wages, health care is the No. 1 cost for most employers. So, it’s no surprise that health insurance and health care costs have been making headlines for nearly 25 years. Hillarycare was introduced in 1993 and the topic has not moved out of the spotlight since. Current health care spending is over $3.2 trillion per year, which is equal to around 18 percent of our GDP.

18. View From the Hill: Haslam Plan Tilts Broadband Playing Field -

State Reps. Pat Marsh and Art Swann emerged from a meeting underwhelmed by Gov. Bill Haslam’s legislation to spread broadband internet access across Tennessee.

“I thought there would be a lot more to it,” says Marsh, a Shelbyville Republican, calling the proposal “a drop in the bucket” financially but at least a starting point.

19. Stanifer Takes On Creative Role at Hollywood Feed -

Hollywood Feed has promoted Katherine Stanifer to graphic art manager, a role that includes serving as the lead graphic designer for brand assets for the retailer’s 50 locations across the Southeast. Stanifer works closely with Hollywood Feed’s director of advertising & creative, Billie Claire Darby, on a variety of projects ranging from internal training videos to monthly sales catalogs.

20. 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.

21. Through Banking and More, Williams Invests in Memphis -

Duncan Williams runs his investment bank the way others might run a family. “We do things differently around here,” he concedes. “When I walk out on the floor, nobody calls me ‘Mr. Williams.’ Mostly it’s, ‘What’s up, D.?’”

22. 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.

23. 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.

24. 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.

25. Raiders File Papers to Move From Oakland to Las Vegas -

LAS VEGAS (AP) – The Oakland Raiders have filed paperwork to move to Las Vegas.

The NFL and officials in Nevada confirmed Thursday that the team is asking league owners to approve the move, although the team made no immediate comment and a group that wants to keep the team in Oakland vowed it was still in the game and "playing to win."

26. Metropolitan CEO Explains Renasant Merger -

Not many people were racing to start up banks in 2008, with the underpinnings of the financial system teetering. One of the few who did was Curt Gabardi, a former Regions Bank executive who envisioned a bank that would focus primarily on commercial and private banking clients.

27. View From the Hill: Cooperatives Ready to Fill Broadband Void -

Rural broadband backers such as Misty O’Beirne in Rutherford County can take heart. Legislation to spread high-speed internet into cyberspace deserts is making the right connections.

28. Memphis Economists: Trump Tweets Turn the Page on GOP Playbook -

It’s long been a cornerstone of Republican political orthodoxy that government should “get out of the way” of businesses, and that the fewer mandates and regulations, well, the better.

29. GM to Add or Keep 7,000 US Jobs, Make $1B Factory Investment -

DETROIT (AP) – General Motors plans to invest $1 billion in U.S. factories and add thousands of new white-collar jobs, measures that have been in the works for years but were announced Tuesday after criticism from President-elect Donald Trump.

30. Rent Like a Champion Eyes Memphis PGA Event -

"Shark Tank" alumni home-rental platform Rent Like A Champion is looking to move into the Memphis market just in time to sign up homeowners and provide private housing for the FedEx St. Jude Classic golf tournament in June.

31. Rerouting Regulations -

With every new administration comes some degree of uncertainty when it comes to federal regulations.

But after an especially unpredictable campaign season, all eyes are now on the president-elect to see what he’ll do next. 

32. McDonald's Sells China Business in Deal Worth Up to $2.1B -

HONG KONG (AP) – Fast-food giant McDonald's is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerate Citic in a deal worth up to $2.1 billion, the companies said Monday.

33. Scenarios Emerge to Keep Booksellers at Laurelwood Going -

For sale: One beloved, 32-year-old independent bookstore. Asking price? $800,000. That’s what Booksellers at Laurelwood owner Neil Van Uum says he’d accept to unload the store, days after announcing its impending closure and a liquidation sale that begins on Friday, Jan. 6.

34. 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

35. Ford Cancels Plan to Build New Mexican Plant, Adds US Jobs -

FLAT ROCK, Mich. (AP) – The auto industry's relationship with President-elect Donald Trump took a dramatic turn Tuesday as Ford Motor Co. decided to shift investment dollars targeted for Mexico to the U.S., while Trump threatened General Motors with a tax on some imported small cars.

36. First Horizon CEO: 2017 Brings ‘Good Growth Opportunities’ -

A week ahead of his bank’s earnings presentation to analysts – which will close the books on 2016 with a fourth quarter and full-year report – the top executive at First Tennessee Bank’s parent company is in an optimistic mood.

37. Record E-Commerce Sales Lead to More Return Shipments -

As holiday e-commerce sales continue to reach all-time highs, so does an inevitable byproduct – return shipments – bringing more business to shipping giants such as FedEx and UPS once January rolls around.

38. 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.

39. 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.

40. 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.

41. 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.

42. Last Word: Change at the Top, Legislature New Year's Resolution and Election Selfies -

It’s the Grizz and the Thunder Thursday at the Forum followed by the Tigers and South Carolina at the Forum Friday. And yes there are still people in town watching football. They are here for the AutoZone Liberty Bowl earlier in the day Friday between Georgia and TCU. You should join them.

43. Liz Weston: 6 Money Resolutions You Can Actually Keep -

Let's face the grim truth: Those 10 pounds you want to lose will likely be among your New Year's resolutions next year, too.

If you really want a sense of accomplishment, take care of money tasks that don't require ongoing discipline and that you typically don't have to repeat every year. Some of these are "one and done," while others you may have to revisit as your life changes, but all will give you a sense of progress toward your financial goals.

44. Midtown Retail Property Sells for $5 Million -

1625 Poplar Avenue

Memphis, TN 38104 

Sale Amount: $5 million

Sale Date: Dec. 21, 2016

45. New Business Ideas for the New Year -

It won’t be long before the ball will be dropping in Times Square, signaling a new year and a new start. While people everywhere vow to make changes in their personal lives, businesses should be no different.

46. 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.

47. Cordova’s Future LA Fitness Site Sells for $2.4M -

LA Fitness is one step closer to opening a Cordova location.

Insomnia Inc., the company owned by former topless-club operator Steve Cooper, sold two parcels near its former restaurant/nightclub on Fischer Steel Road to Orlando, Florida-based National Retail Properties Inc. for $2.4 million, according to a Dec. 20 warranty deed. The same day as the sale, Fitness International LLC, an affiliate of L.A. Fitness International LLC, signed a lease with National Retail Properties for the property.

48. 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.

49. Impact Innovations Rolling With Recent Wal-Mart Deal -

Wal-Mart’s shift to more US manufacturing is benefitting a Memphis business.

Impact Innovations is now producing more than 20 million rolls of Christmas wrapping paper at the former Cleo Inc. facility in Southeast Memphis that was previously produced in China for Wal-Mart’s 4,500 stores.

50. ‘Love is The Answer’ -

A talk at the Back End of Innovation conference by Christy Amador, senior communications manager, Global Public Affairs and Communications for The Coca-Cola Co., highlights how one company engages its employees more deeply.

51. Father-Son Duo Dickens Built Taps Infill Market In Collierville, Piperton -

A father-son home builder duo of Doug and Chris Dickens has taken advantage of a strengthening housing market recently by specializing in infill development, primarily in the Collieville and Piperton areas.

52. Impact Innovations Rolling With Recent Wal-Mart Deal -

Wal-Mart’s shift to more US manufacturing is benefiting a Memphis business.

Impact Innovations is now producing more than 20 million rolls of Christmas wrapping paper at the former Cleo Inc. facility in Southeast Memphis that was previously produced in China for Wal-Mart’s 4,500 stores.

53. 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.

54. Last Word: Boca Ends Badly, Fred's Deal Still Moving and The Couch Dylan Sat On -

Z Bo ejected and the Grizz fall to the Celtics 112 – 109 Tuesday at the Forum. Post game, Fizdale says the team has a leadership problem.

The Tigers at the Forum Wednesday, playing the Incarnate Word Cardinals.

55. 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.

56. 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.

57. Cordova-North Making a Comeback -

One of the hardest-hit areas of the recent foreclosure crisis is seeing major improvements this year.

Once dominated by foreclosures and bank sales, Cordova’s 38016 ZIP code is recording its highest level of home sales activity in almost 10 years.

58. 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.

59. December 16-22, 2016: This week in Memphis history -

2015: A record high temperature of 70 degrees at Memphis, according to the National Weather Service. The 70-degree mark ties a record for the date set in 1982.

2011: On the front page of The Daily News, the Memphis City Council approves a planned development for the south side of Madison Avenue in Overton Square, including a new $16 million public parking garage to be built by the city. The garage is eligible for public funding because it is to include a water detention basin in its base that alleviates a chronic flooding problem in the area, which includes Lick Creek. Loeb Properties Inc. has a contract with the Colorado company that owns the entertainment district and the contract runs out at the end of 2011. A Loeb plan to make a supermarket the anchor of a revitalized square has fallen through and Loeb is now envisioning Overton Square as a theater district with a $19.2 million investment by Loeb in the area.

60. 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.

61. 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.

62. 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.

63. Fred’s Considering HQ Relocation in Revamp -

Memphis-based retailer fred’s Inc. is studying a few options for relocating its Memphis headquarters at 4300 New Getwell Road, locations that CFO Rick Hans told The Daily News are all within a few miles of the current headquarters.

64. Coca-Cola CEO Muhtar Kent to Step Down Next Year -

NEW YORK (AP) — Coca-Cola said Friday that CEO Muhtar Kent will step down as CEO next year and be replaced by Chief Operating Officer James Quincey.

The world's largest beverage maker has been under pressure to grow as people around the world drink less soda, including its flagship Coke. In October, the Atlanta company reported that its third-quarter profit fell 28 percent.

65. FedEx's Smith Critical of Trump Opposition to NAFTA, TPP -

FedEx Corp. founder Fred Smith says withdrawing from the North American Free Trade Agreement, as advocated by President-elect Donald Trump repeatedly in the 2016 presidential campaign, would be “catastrophic for the U.S. economy” and “have massive economic repercussions.”

66. Fred’s Inc. Considering HQ Relocation as It Works to Revamp Business -

Memphis-based retailer Fred’s Inc. is studying a few options for relocating its Memphis headquarters at 4300 New Getwell Road, locations that Fred’s CFO Rick Hans told The Daily News are all within a few miles of the current headquarters.

67. Study: Shelby County Saw Most GDP Growth in Tenn. -

Shelby County saw more than $2.6 billion growth in its gross domestic product over the last four years, the most among Tennessee’s 95 counties, according to a new study by financial technology company SmartAsset.

68. Last Word: St. Jude Dollar Amounts, Fred's On The Move and The Treble Clef -

Grizz over the Trailblazers 88 – 86 Thursday evening at the Forum. At the end of the first half, Grizz coach David Fizdale had to be restrained by players on the way off the court after a technical was called on him. And welcome to Memphis, Toney Douglas. We love what you are doing with the fourth quarter.

69. 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.

70. ‘MemphisWorks’ Jobs, Training App Launches -

A new “MemphisWorks” app unveiled Wednesday, Dec. 7, at the Greater Memphis Chamber’s Annual Chairman’s Luncheon is a comprehensive jobs and training effort that took nine months to get in one digital place, with help from an anonymous donor.

71. Supreme Court Upholds Broad Power to Curb Insider Trading -

WASHINGTON (AP) – A unanimous Supreme Court on Tuesday sided with the government in a legal clash over the nation's insider trading laws, a victory for prosecutors seeking to curb corruption on Wall Street.

72. AutoZone Revs Up Net Income By 8 Percent -

The first significant cold snap of the season is at hand, something that might leave most people resigned to the corresponding inconveniences but nonetheless excites AutoZone chairman, president and CEO Bill Rhodes.

73. Tyson Announces Plans for $150 Million Venture Fund -

SPRINGDALE, Ark. (AP) – Arkansas-based Tyson Foods Inc. announced plans Monday to create a venture fund aimed at developing innovations in food production.

74. Study: Shelby County Saw Most GDP Growth in Tenn. -

Shelby County saw more than $2.6 billion growth in its gross domestic product over the last four years, the most among Tennessee’s 95 counties, according to a new study by financial technology company SmartAsset.

75. Memphis is Startup USA -

Umer Adnan, founder and CEO of Cowlar, came to Memphis from Pakistan to continue to grow his startup, which is a wearable device in the form of a collar for dairy cows. This aids farmers by providing health and wellness data and recommendations to improve the overall health of cows, thereby increasing milk yields.

76. MAA Closes Merger With Post Properties -

Memphis-based real estate investment trust MAA has completed its $4 billion merger with rival Post Properties Inc., creating a combined company with an equity market capitalization of about $11 billion and overall market cap of $15 billion.

77. Last Word: Fire Recovery, Justice Department Work Begins and Rocky Top Angst -

The death toll in the East Tennessee wildfires goes to 10 Thursday as the recovery effort moves beyond a search for those missing. The count of buildings burned in Sevier County is estimated at more than 700 – 300 just in Gatlinburg. And 47 people are injured by the latest count. The count of those who died in the fires includes confirmation that Jon and Janet Summer of Memphis are among the dead recovered so far.

78. FedEx Expanded Its Network For Busiest Holiday Season on Record -

FedEx and retail businesses across the Mid-South are gearing up for a merry holiday season, with FedEx projecting a 10 percent increase in shipping volume over last year during the peak season from Black Friday to Christmas.

79. MAA Closes Merger With Post Properties -

Memphis-based real estate investment trust MAA has completed its $4 billion merger with rival Post Properties Inc., creating a combined company with an equity market capitalization of about $11 billion and overall market cap of $15 billion.

80. Olympic Hero Michael Phelps Looks to Dip His Toes in Tech -

SAN JOSE, Calif. (AP) – Michael Phelps wants to dive into Silicon Valley's investment opportunities as he tries to make the transition from Olympic swimming star and product pitchman to entrepreneur.

81. Dollar General Key Sales Figure Falls As Store Traffic Drops -

GOODLETTSVILLE, Tenn. (AP) – Dollar General put up weak earnings numbers for the third quarter in an environment that has largely favored bargain stores, with so many people still looking to cut costs where they can.

82. Medtronic Profit Surges, Revenue Misses Estimates -

Medtronic PLC’s fiscal second-quarter profit more than doubled on higher sales of its heart and surgical devices. But revenue fell short of Wall Street expectations, helping to drag shares lower.

83. Jernigan Capital to Invest $12.6M in Florida Facilities -

Jernigan Capital Inc. is investing $12.6 million in two storage facilities in Florida, the Memphis-based real estate investment trust has announced.

84. 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.

85. Jernigan Capital to Invest $12.6M in Florida Facilities -

Jernigan Capital Inc. is investing $12.6 million in two storage facilities in Florida, the Memphis-based real estate investment trust has announced.

86. 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.

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

6815 U.S. 72

Germantown, TN 38138

Permit Amount: $25 million

Future Tenant: MAA

88. Medtronic Profit Surges, Revenue Misses Expectations -

Medtronic PLC’s fiscal second-quarter profit more than doubled on higher sales of its heart and surgical devices. But revenue fell short of Wall Street expectations, helping to drag shares lower.

89. Tyson Foods Says CEO Will Step Down at End of Year -

SPRINGDALE, Ark. (AP) – Tyson Foods said Monday that CEO Donnie Smith will step down at the end of the year and be replaced by the meat producer's president, Tom Hayes.

90. Volkswagen to Shed 30,000 Jobs, Cutting Costs After Scandal -

FRANKFURT, Germany (AP) – Volkswagen announced plans Friday to cut 30,000 jobs in a wide-ranging restructuring of its namesake brand as it tries to recover from a scandal over cars rigged to cheat on diesel emissions tests.

91. Gill Seeks $25M Permit For Future MAA Headquarters -

The future home of Memphis-based MAA has taken another step forward.

Developer Gill Properties, working as Gill Poplar GP, has applied for a $25 million building permit for a five-story office building and five-story parking garage – two main components of the $90 million TraVure development in Germantown’s western gateway.

92. Demand for Long-Term Care Insurance Expected to Rise -

With the youngest of the country’s 70 million baby boomers now in their 50s and the average life expectancy for Americans having increased to nearly 80 years, the need for long-term illness care either at home or in assisted living facilities is on the rise. Rates for long-term care insurance have spiked in the past several years, making the decision tougher for many considering the coverage.

93. 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.

94. Gill Seeks $25M Permit for Future MAA Headquarters -

The future home of Memphis-based MAA has taken another step forward.

Developer Gill Properties, working as Gill Poplar GP, has applied for a $25 million building permit for a five-story office building and five-story parking garage – two main components of the $90 million TraVure development in Germantown’s western gateway.

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

350 N. Third St.

Memphis, TN 38105

Permit Amount: $3.5 million

Application Date: November 2016

96. Unfinished Nuclear Plant Sold, Buyer Vows to Get It Running -

BIRMINGHAM, Ala. (AP) – A development company that purchased an unfinished nuclear power plant from the Tennessee Valley Authority for $111 million on Monday said it plans to spend as much as $13 billion to make the nuclear generator operational.

97. 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.

98. Penney's Reports 3Q Sales Shortfall, Cuts Outlook -

J.C. Penney cut its sales outlook for the year after reporting a surprise decline in a key sales figure for the third quarter as it wrestled with sluggish clothing sales.

The report is a setback for Penney, whose business has been volatile, bouncing back in the summer after a tough start to the year.

99. First South Financial Credit Union Expands Its Reach Into Collierville -

First South Financial Credit Union, a Mid-South full-service financial provider, has expanded into Collierville with the opening of its 16th branch location. Thanks to its continued growth, the credit union is now the largest in West Tennessee based on capital.

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.