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Editorial Results (free)

1. AutoZone Buys Back Another $750M in Stock -

AutoZone Inc. is buying back more of its own stock.

The company this week said its board has authorized the repurchase of an additional $750 million worth of the company’s common stock as part of its ongoing share repurchase program. Since 1998, and including the new amount, AutoZone’s board has authorized the repurchase of $18.7 billion worth of stock.

2. FedEx Corp. Falls Short Of Q3 Profit Forecasts -

Memphis-based FedEx Corp. enjoyed record shipping levels in its peak season for deliveries, but still fell short of third-quarter profit forecasts.

3. Genetic Code -

While the anachronistic farmer trope may be a common pop-culture perception, these stewards of the land have in fact been on the cutting edge of technology for thousands of years.

And every milestone since the Neolithic period, from the first plows to today’s automated tractors, has allowed farmers to increase their yields and support a perpetually growing population.

4. AutoZone Buys Back Another $750M in Stock -

AutoZone Inc. is buying back more of its own stock.

The company this week said its board has authorized the repurchase of an additional $750 million worth of the company’s common stock as part of its ongoing share repurchase program. Since 1998, and including the new amount, AutoZone’s board has authorized the repurchase of $18.7 billion worth of stock.

5. 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.

6. Trump's SEC Pick, an Ex-Goldman Lawyer, to Face Skepticism -

WASHINGTON (AP) – Goldman Sachs may be about to get another friend in Washington.

Jay Clayton, a well-connected Wall Street lawyer who is President Donald Trump's pick to lead the Securities and Exchange Commission, is sure to face sharp questions from Democrats at his confirmation hearing Thursday over his years of work for Goldman and other financial giants.

7. FedExFamilyHouse Breaks Ground on $12M Expansion -

918 Poplar Ave.
Memphis, TN 38105

Project Cost: $12 million 

Owners: Le Bonheur Children’s Hospital and FedEx

8. FedEx Falls Short of Q3 Profit Forecasts -

Memphis-based FedEx Corp. enjoyed record shipping levels in its peak season for deliveries, but still fell short of third-quarter profit forecasts.

In its Tuesday, March 21, earnings call, FedEx reported net income of $562 million, or $2.07 per share, for the fiscal quarter that ended Feb. 28. That was an increase from $507 million, or $1.84 per share, for the same period last year.

9. FedEx Corp. Falls Short of Q3 Profit Forecasts -

Memphis-based FedEx Corp. enjoyed record shipping levels in its peak season for deliveries, but still fell short of third-quarter profit forecasts.

In its Tuesday, March 21, earnings call, FedEx reported net income of $562 million, or $2.07 per share, for the fiscal quarter that ended Feb. 28. That was an increase from $507 million, or $1.84 per share, for the same period last year.

10. FedExFamilyHouse to Break Ground on $12M Expansion -

FedEx and Le Bonheur Children’s Hospital are preparing to break ground on the expansion of FedExFamilyHouse, a home-away-from-home for families of Le Bonheur patients.

The $12 million project, which was announced last year, will triple the size of FedExFamilyHouse with the addition of a four-story tower connected to the current facility.

11. Lehman-Roberts’ Moore Lauded By Asphalt Industry Group -

Rick Moore, who is retiring as chairman of Lehman-Roberts Co. March 31 after 46 years with the company, has been named the National Asphalt Pavement Association’s Man of the Year. 

12. Grizzlies Make Deal With Comcast Business -

The Memphis Grizzlies have signed an agreement with Comcast Business that will bring a three-gigabit fiber connection to FedExForum.

Comcast Business will furnish the infrastructure to support “a host of emerging technology applications that add to the experience of attending games and events at the arena, including complimentary Wi-Fi access,” according to the cable provider.

13. Grizzlies Make Deal With Comcast Business -

The Memphis Grizzlies have signed an agreement with Comcast Business that will bring a three-gigabit fiber connection to FedExForum.

Comcast Business will furnish the infrastructure to support “a host of emerging technology applications that add to the experience of attending games and events at the arena, including complimentary Wi-Fi access,” according to the cable provider, which also will supply internet and cloud-based communications services for the team’s front office.

14. Hickory Hill Home Depot Site Sells for $15 Million -

3469 Riverdale Road
Memphis, TN 38115 

Sale Amount: $15.7 million

Sale Date: March 3, 2017

Buyer: Spirit Realty Capital

15. Volkswagen CEO: US Remains 'Core Market' for Company -

FRANKFURT, Germany (AP) – The CEO of German automaker Volkswagen says the United States remains a "core market" for the company despite its diesel emissions scandal and has underlined that it hopes to expand there.

16. Atlanta Developer Files $200 Million Germantown Mixed-Use Plan -

Atlanta developers have filed an outline plan with Germantown leaders for a $200 million mixed-use town village development on the 32-acre “Arthur tract” west of the Saddle Creek South retail center.

17. Google's Self-Driving Car Company Escalates Battle With Uber -

SAN FRANCISCO (AP) – A self-driving car company founded by Google is presenting new evidence to support allegations that a former manager stole technology sold to Uber to help the ride-hailing service build its own robot-powered vehicles.

18. Cooperation, Payments to Owners Help VW Avoid Bigger Penalty -

DETROIT (AP) – By cooperating with federal investigators and quickly agreeing to compensate car owners, Volkswagen likely will avoid a massive criminal fine for cheating on diesel emissions tests and trying to cover it up.

19. 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.

20. Sedgwick Approved For $10.4 Million PILOT -

The Economic Development Growth Engine for Memphis and Shelby County approved Sedgwick Claims Management Services’ application for a $10.4 million tax abatement during a special session Friday, Feb. 24.

21. $12 Million Permit Filed For Hickman Building -

240 Madison Ave.
Memphis, TN 38103

Permit Amount: $12 million

Project Cost: $16 million

Application Date: February 2016

22. Investing Costs Fall Again: Fidelity, Schwab Cut Commissions -

NEW YORK (AP) – It keeps getting cheaper to invest.

Fidelity on Tuesday became the latest company to cut its fees in an ongoing industry battle that's helped mom-and-pop investors keep more of their own dollars. Rival Charles Schwab matched the price cut in a matter of hours.

23. $12 Million Permit Filed for Hickman Building -

Montgomery Martin Contractors has filed a $12 million building permit application with the city-county Office of Construction Code Enforcement to renovate the historic Hickman Building into a mixed-use development that will include the new headquarters of Memphis-based investment firm, SouthernSun Asset Management.

24. $12M Building Permit Pulled for Hickman Building -

Montgomery Martin Contractors has filed a $12 million building permit application with the city-county Office of Construction Code Enforcement to renovate the historic Hickman Building into a mixed-use development that will include the new headquarters of Memphis-based investment firm, SouthernSun Asset Management.

25. Sedgwick Approved For $10.4 Million PILOT -

The Economic Development Growth Engine for Memphis and Shelby County approved Sedgwick Claims Management Services’ application for a $10.4 million tax abatement during a special session Friday, Feb. 24.

26. SouthernSun Converting Historic Downtown Building to New HQ -

SouthernSun Asset Management is preparing to convert part of a historic but long-vacant Downtown building into its new headquarters.

The $16 million project seeks to turn the nine-story Hickman Building, 240 Madison Ave., into a mixed-use project that houses the Memphis-based investment firm's headquarters as well as 40 apartments, 5,000 square feet of street-level retail and a connected parking structure.

27. SouthernSun Converting Historic Downtown Building to New HQ -

SouthernSun Asset Management is preparing to convert a historic but long-vacant Downtown building into its new headquarters.

The Memphis-based investment management firm plans to invest around $16 million to turn the nine-story Hickman Building, 240 Madison Ave., into a mixed-use project that houses its headquarters as well as 40 apartments, 5,000 square feet of street-level retail and a connected parking structure.

28. SouthernSun Converting Historic Downtown Building to New HQ -

SouthernSun Asset Management is preparing to convert a historic but long-vacant Downtown building into its new headquarters.

The Memphis-based investment management firm plans to invest around $16 million to turn the nine-story Hickman Building, 240 Madison Ave., into a mixed-use project that houses its headquarters as well as 40 apartments, 5,000 square feet of street-level retail and a connected parking structure.

29. SouthernSun Converting Historic Downtown Building to New HQ -

SouthernSun Asset Management is preparing to convert a historic but long-vacant Downtown building into its new headquarters.

The Memphis-based investment management firm plans to invest around $16 million to turn the nine-story Hickman Building, 240 Madison Ave., into a mixed-use project that houses its headquarters as well as 40 apartments, 5,000 square feet of street-level retail and a connected parking structure.

30. SouthernSun Converting Historic Downtown Building to New HQ -

SouthernSun Asset Management is preparing to convert a historic but long-vacant Downtown building into its new headquarters.

The Memphis-based investment management firm plans to invest around $16 million to turn the nine-story Hickman Building, 240 Madison Ave., into a mixed-use project that houses its headquarters as well as 40 apartments, 5,000 square feet of street-level retail and a connected parking structure.

31. Cities, Developers Reaping Rewards of Mixed-Use Shift -

Commercial real estate is shifting to mixed-use developments designed to create a sense of place for homeowners longing for the community of days gone by, and the trend is profiting many parties as commercial developers see stronger returns and cities undergo revitalization in their core.

32. Sedgwick Approved for $10.4 Million PILOT -

The Economic Development Growth Engine for Memphis and Shelby County approved Sedgwick Claims Management Services’ application for a $10.4 million tax abatement during a special session Friday, Feb. 24.

33. Mnuchin Says Goal is to Pass Tax Reform by August -

WASHINGTON (AP) – Treasury Secretary Steven Mnuchin said Thursday the administration is committed to getting major tax reform legislation through Congress by August. He predicted that President Donald Trump's economic proposals will be able to boost growth significantly to annual rates above 3 percent.

34. Yahoo Salvages Verizon Deal With $350 Million Discount -

SAN FRANCISCO (AP) – Yahoo is taking a $350 million hit on its previously announced $4.8 billion sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts.

35. Scripps Networks Misses Q4 Profit Forecasts -

KNOXVILLE, Tenn. (AP) – Scripps Networks Interactive Inc. on Tuesday reported fourth-quarter net income of $52.1 million.

36. Education Realty Trust Reports Q4 Results -

MEMPHIS, Tenn. (AP) – Education Realty Trust Inc. on Tuesday reported a key measure of profitability in its fourth quarter. The results surpassed Wall Street expectations.

37. Attorney Harkavy Named To Wyatt’s Executive Committee -

Lee A. Harkavy is one of two attorneys from the Memphis office of Wyatt, Tarrant & Combs LLP to be named to the regional law firm’s executive committee. Harkavy is a commercial transactional attorney focused primarily on representing businesses in their external growth endeavors or exit strategies. In that capacity, he advises clients on mergers, acquisitions and dispositions, and capital-raising transactions.

38. Sedgwick Announces $34M Expansion, Will Create 150 New Jobs -

Sedgwick Claims Management has announced plans to expand its corporate headquarters in Memphis, which will result in the creation of 150 local jobs.

The expansion will consolidate Sedgwick’s headquarters into a single campus in Shelby County and locate research and development functions to that site, according to Ted Townsend, chief operating officer for the Tennessee Department of Economic and Community Development.

39. 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.

40. 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.

41. 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.

42. 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.

43. 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.

44. 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.

45. 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)

46. Archived Article -

3333 Hacks Cross Road

Memphis, TN 38125

Permit Amount: $9.7 million (combined)

Project Cost: $17 million

47. 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.

48. 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.

49. 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.

50. 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.

51. 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.

52. 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.

53. 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.

54. 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.

55. 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.

56. 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.

57. 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.

58. 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.

59. 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.?’”

60. 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.

61. 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.

62. 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.

63. 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."

64. 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.

65. 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.

66. 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.

67. 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.

68. 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.

69. 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. 

70. 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.

71. 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.

72. 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

73. 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.

74. 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.

75. 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.

76. 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.

77. 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.

78. 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.

79. 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.

80. 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.

81. 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.

82. Midtown Retail Property Sells for $5 Million -

1625 Poplar Avenue

Memphis, TN 38104 

Sale Amount: $5 million

Sale Date: Dec. 21, 2016

83. 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.

84. 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.

85. 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.

86. 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.

87. 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.

88. ‘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.

89. 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.

90. 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.

91. 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.

92. 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.

93. 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.

94. 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.

95. 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.

96. 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.

97. 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.

98. 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.

99. 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.

100. 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.