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Editorial Results (free)

1. Highline Aftermarket Expands Memphis Facility -

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

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

570 Houston St. 

Memphis, TN 38111

Permit Amount: $33.5 million

Owner: University of Memphis

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

3. Last Word: Alexander on Trump, Gibson Sells and Chandler Home Sales Numbers -

If you tuned out at half-time in Houston Thursday evening, you may need to examine your committment and give me five sets of wind sprints from East Parkway to the fountain at the other end of Tiger Lane. And no drinking the blue water.

4. Big Question For US Cities: Is Amazon's HQ2 Worth The Price? -

WASHINGTON (AP) – Dozens of cities are working frantically to land Amazon's second headquarters, raising a weighty question with no easy answer:

Is it worth it?

Amazon is promising $5 billion of investment and 50,000 jobs over the next decade and a half. Yet the winning city would have to provide Amazon with generous tax breaks and other incentives that can erode a city's tax base.

5. Google Parent Leads $1B Lyft Investment, Deepening Uber Rift -

SAN FRANCISCO (AP) – Google's parent company is throwing its financial support behind ride-hailing service Lyft, deepening its rift with market leader Uber.

Alphabet Inc., which gets most of its money from Google's digital ad network, is leading a $1 billion investment in Lyft that values the privately held company at $11 billion. The investment is being made through Alphabet's CapitalG venture capital arm.

6. Amazon, Pfizer Approved for Tax Incentives -

Amazon was awarded a 15-year payment-in-lieu-of-taxes incentive by the Economic Development Growth Engine for Memphis and Shelby County at its Wednesday, Oct. 18, meeting, despite the online retailer’s proposed distribution center spurring a larger debate about the types of jobs the city should incentivize in the future.

7. Highline Aftermarket Expands at Memphis HQ -

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

8. Memphis Hosts 15th Musculoskeletal Industry Conference -

The annual Musculoskeletal New Ventures Conference returns to Memphis this week for the 15th time, bringing together venture capitalists and industry leaders from around the country to give them a “target-rich environment” in which to network and potentially make deals.

9. Amazon, Pfizer Seek Incentives for Projects -

While Memphis has been working to win the nod from Amazon in the company’s highly publicized decision on where it will put its second headquarters, the city is poised to get a major unrelated investment from the e-commerce giant.

10. Last Word: Tigers Make Top 25, Pfizer's Next Tax Break and Shepherds Creek -

The Tigers make the top 25 ESPN Power Rankings for college football with the Liberty Bowl victory Saturday over Navy 30 – 27. And Tigers coach Mike Norvell responds to the pre-game arrest of a player on a rape charge.

11. Amazon Confirms Plans for $72M Memphis Distribution Center -

While Memphis has been working to win the nod from Amazon in the company’s highly publicized decision on where it will put its second headquarters, the city is poised to get a major unrelated investment from the e-commerce giant.

12. Pfizer Seeks Incentives to Retain Financial Services Operations in Memphis -

Admitting that its workforce in Memphis has been declining due to technology and business changes, pharmaceutical company Pfizer Inc. is seeking a 14-year payment-in-lieu-of-taxes incentive from the city and county to retain its finance and accounting operations in Memphis with a “stabilized” workforce of about 250 workers.

13. Ring Partners With Conagra On PAM Spray Bottles -

Ring Container Technologies, a product packaging and plastic container manufacturing company based in Oakland, Tennessee, has completed a collaboration with Conagra Brands to create a new plastic bottle for PAM Cooking Spray.

14. Memphis Launches Public Campaign for Amazon Bid -

Memphis’ bid to land Amazon’s second U.S. headquarters got a new public component Wednesday, Oct. 11, with the launch of a social media push and the lighting of Big River Crossing in Amazon’s signature orange color to help raise the city’s profile amid intense competition.

15. Last Word: 'Seismic Shift,' Mason Village and Running A Store From A Cloud -

It doesn’t take a lot of imagination to drive through the old town part of Cordova near its one-time train station and see the potential. Now word of a new restaurant opening later this month in what is known as Farley House. The old town is an interesting mix of new development and old development including an iconic country Baptist church that not too long ago turned 100 years old. And then there is the trail head for the Shelby Farms Greenline that runs near the train station.

16. Ring Partners With Conagra on PAM Spray Bottles -

Ring Container Technologies, a product packaging and plastic container manufacturing company based in Oakland, Tennessee, has completed a collaboration with Conagra Brands to create a new plastic bottle for PAM Cooking Spray.

17. Auto Supplier Denso: $1B Investment in Tennessee Plant -

NASHVILLE, Tenn. (AP) – Automotive supplier Denso announced plans Friday to invest $1 billion and create more than 1,000 new jobs in its main Tennessee facility to meet growing demand for electric vehicle parts.

18. Wright Investments To Buy Up to $400M in Hotels -

Wright Investments, a Memphis-based hotel management, investment and project management company, is planning to acquire up to $400 million in hotel properties over the next two to three years by investing the firm’s newly raised Hospitality Opportunity Fund II.

19. Pinch District Redevelopment Discussion On Tap -

The nine-block area between the Pyramid and the campus of St. Jude Children’s Research Hospital known as the Pinch District is set to be remade in transformative fashion as part of the city moving closer to its bicentennial in 2019.

20. LinkedIn Lead Gen Best Practices -

According to HubSpot’s State of Inbound 2017, 63 percent of marketers find generating traffic and leads to be their biggest challenge. In that same report, sales representatives find identifying good leads as one of their primary struggles.

21. Securities Regulator Says Personal Info Was Leaked in Breach -

NEW YORK (AP) – The Securities and Exchange Commission is now saying that at least two people had their personal information stolen in the breach that happened last year.

The SEC disclosed on September 20 that hackers last year broke into its system that allows companies to digitally upload their documents, commonly known as EDGAR. Originally government investigators believed that no individuals' information was stolen, but an investigation after the original disclosure found that not to be the case, the SEC said in a statement Monday.

22. Hotel Management Co. to Buy Up to $400M in Properties -

Wright Investments, a Memphis-based hotel management, investment and project management company, is planning to acquire up to $400 million in hotel properties over the next two to three years by investing the firm’s newly raised Hospitality Opportunity Fund II.

23. Execution Anxiety: Facing the Back End -

After the thrill of a successful front end of innovation project, a company gains valuable insights and perspective. They also receive a portfolio of market-tested concepts that range from easy-to-launch to some that are totally new, a breakthrough for them as a company and their market.

24. IP Investing $300M In Change at Alabama Mill -

International Paper plans to invest around $300 million to convert a paper machine at its Selma, Alabama, mill, which the company says will position it to grow its industrial packaging business.

Memphis-based IP will convert its No. 15 machine at the Riverdale Mill from uncoated freesheet to whitetop linerboard and containerboard. The investment will add 450,000 tons of annual capacity, with flexibility to shift between containerboard products.

25. Morris Realty, Auction Combine Forces -

Morris Realty Group and Morris Auction Group have launched a new brand identity: Morris Realty & Auction. Buyers and sellers now can access each company’s services in one place.

“In today’s marketplace, buyers and sellers desire a one-stop shop for their real estate marketing and auction needs, and Morris Realty & Auction is now positioned to offer that comprehensive experience as we drive successful results for our clients,” Jeff Morris, founder and president of Morris Realty & Auction, said in a statement.

26. FedEx Holiday Hiring in Full Swing -

As Black Friday and the holiday shopping season approaches, FedEx is preparing to add more than 50,000 employees throughout its network, including 2,600 people locally.

More than 1,000 jobs will be available at the company’s global hub at 2781 Democrat Road, including permanent part-time and seasonal package handlers and other support positions.

27. Crosstown Crossroads -

For the past 90 years, Crosstown has seen its share of ups and downs. In the beginning, it was a shining beacon for the city’s eastward expansion; at its height, it anchored several vibrant and diverse neighborhoods; and at its lowest, Crosstown became the poster child for once-great inner-city areas of Memphis that had deteriorated.

28. Morris Realty, Auction Groups Merge Into One Company -

Morris Realty Group and Morris Auction Group have launched a new brand identity: Morris Realty & Auction. Buyers and sellers now can access each company’s services in one place.

“In today’s marketplace, buyers and sellers desire a one-stop shop for their real estate marketing and auction needs, and Morris Realty & Auction is now positioned to offer that comprehensive experience as we drive successful results for our clients,” Jeff Morris, founder and president of Morris Realty & Auction, said in a statement.

29. Target is Raising Minimum Hourly Wage to $15 by End of 2020 -

NEW YORK (AP) – Target Corp. is raising its minimum hourly wage for workers to $11 starting next month and then to $15 by the end of 2020, a move it says will help it hire and keep the best employees and make shopping a better experience for customers.

30. International Paper Investing $300M in Change at Alabama Mill -

International Paper plans to invest around $300 million to convert a paper machine at its Selma, Alabama, mill, which the company says will position it to grow its industrial packaging business.

Memphis-based IP will convert its No. 15 machine at the Riverdale Mill from uncoated freesheet to whitetop linerboard and containerboard. The investment will add 450,000 tons of annual capacity, with flexibility to shift between containerboard products.

31. GPAC Planning New Open-Air Venue -

1801 Exeter Road, Germantown, TN 38138

Owner: Germantown Performing Arts Center

32. Trump Nominates 4 for TVA Board -

BIRMINGHAM, Ala. (AP) – President Donald Trump will nominate people from four states to serve on the nine-member board of directors of the Tennessee Valley Authority, the White House said Thursday.

33. Legacy Wealth Management Wins Industry Distinction -

Memphis-based independent investment advisory firm Legacy Wealth Management Inc. has been named to the FT 300 list, Financial Times’ ranking of the top 300 registered investment advisers in the U.S.

34. Highwoods Sells Southwind Portfolio for $39M -

Highwoods Properties Inc. has sold a massive portion of its portfolio in Southwind to a New York-based investment group for $39 million.

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

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

36. Highwoods Sells Southwind Portfolio for Nearly $40M -

Highwoods Properties has sold a massive portion of its portfolio in Southwind to a New York-based investment group for $39 million.

In the deal, Highwoods Properties, doing business as Highwoods Reality Limited Partnership, sold eight parcels of land near the intersection of Players Club Parkway and Tournament Drive to Group RMC, which purchased the property under the name of Southwind Memphis Reality LP.

37. Last Word: Doubling Down at City Hall, Karl Dean in Collierville & Your Credit Report -

Memphis City Council chairman Berlin Boyd doubling down right at the start of a Monday morning meeting of the Beale Street Task Force on that conflict of interest issue involving his company’s contract with the Beale Street Merchants Association. Meanwhile, it is council day at City Hall Tuesday and lots to discuss on several fronts including the Bicentennial Gateway and Convention Center projects and the move of Golden India just off Overton Square.

38. Germantown Medical Office Sells for $16M -

1325 Wolf Park Drive, Germantown, TN 38138

Sale Amount: $15.9 million

Buyer: Global Medical REIT

39. Canadian Elevator Company Seeks PILOT For Hickory Hill Plant -

A Canadian elevator company has a contract with a “Tennessee area” machine manufacturer for $500,000 and as a result wants to build a manufacturing plant in Hickory Hill as it expands its U.S. customer base.

40. MAA Moves Forward With New Headquarters -

Memphis-based real estate investment trust MAA is moving forward with its corporate relocation to Germantown’s TraVure development.

The apartment-only REIT pulled a $7 million building permit with construction code officials to build out the fourth and fifth floors. It lists Grinder, Taber & Grinder as the contractor, developer Gill Properties as the owner and MAA as the tenant.

41. Memphis Industrial Center Sells for $3.7 Million -

Boston-based real estate investment firm Plymouth Industrial REIT has expanded its local portfolio with the acquisition of a 132,000-square-foot industrial center in southeast Memphis.

In the deal, Plymouth purchased the property from Huntington Industrial Partners for $3.7 million.

42. Wunderlich Preparing Downtown Space for HQ Move -

By this time next year, Memphis-based investment firm Wunderlich Securities Inc. will have a prominent new headquarters space Downtown,

43. SE Memphis Industrial Center Sells for $3.7 Million -

Boston-based real estate investment firm Plymouth Industrial REIT has expanded its local portfolio with the acquisition of a 132,000-square-foot industrial center in southeast Memphis.

In the deal, Plymouth purchased the property from Huntington Industrial Partners for $3.7 million.

44. Plymouth REIT Expands Memphis Portfolio -

Boston-based real estate investment firm Plymouth Industrial REIT has expanded its local portfolio with the acquisition of a 132,000-square-foot industrial center in southeast Memphis.

In the deal, Plymouth purchased the property from Huntington Industrial Partners for $3.7 million.

45. Method Over Madness: Your Marketing Budget -

It is that time of year. No, not the start of football season – the start of budgeting season. If you’ve had a great year and your 2017 marketing efforts are producing a strong, measurable return on investment, then setting your 2018 marketing budget may not be too difficult. But if this year’s plans just haven’t generated results for your organization, you may be left wondering what to budget for 2018.

46. Does Memphis Have Right Mojo for Amazon HQ? -

Amazon.com’s announcement last week that it is actively searching for a second headquarters location caught the attention of governors, mayors and development officials from all over the country hoping to hit the jackpot.

47. MAA Moving Forward With New HQ -

Memphis-based real estate investment trust MAA is moving forward with its corporate relocation to Germantown’s TraVure development by seeking a $7 million building permit to build out the fourth and fifth floors.

48. Last Word: The Amazon Competition, Millington Shelters and Grizz Ownership Drama -

With a social media post Thursday morning, Memphis Mayor Jim Strickland said the city is ready to compete in a very public competition for the $5-billion second North American headquarters Amazon.com announced earlier Thursday. Some context here. The $5 billion investment by Amazon in what it calls HQ2 compares to the $9 billion St. Jude is investing in its expansion including about $1 billion in capital costs and the rest research, technology and other development costs included in what is more than a physical expansion.

49. Kemmons Wilson Co. Subsidiary to Merge with International Hotel Developer -

Wilson Hotel Management, a subsidiary of Kemmons Wilson Co., will merge with Valor Hospitality Partners, an international hotel developer with headquarters in Atlanta, Georgia, and London, England. And the new company's headquarters will be in Atlanta and London with an office in Memphis.

50. Fred’s Reports $29M Loss, Names New Board Chair -

Heath Freeman, president of New York-based investment firm Alden Global Capital, once blasted what he saw as “abysmal business decision-making” and a “country club environment in the executive suite and boardroom” at Memphis-based discount retailer Fred’s Inc.

51. Halvorson Assumes New Role At Cumberland Trust -

Independent corporate trust firm Cumberland Trust has promoted Rebecca M. Halvorson to senior vice president of business development and manager of regional markets. Halvorson, who joined Cumberland in 2010, is based in the company’s Memphis office.

52. Video Streaming Player Pioneer Roku Seeks $100M in IPO -

SAN FRANCISCO (AP) – Video streaming player pioneer Roku is going public, hoping to raise money to expand into more households and fend off competitive threats from bigger technology companies.

Roku listed a $100 million fundraising target in a Friday regulatory filing. But that figure is likely to change after its investment bankers gauge the demand for its initial public offering of stock. Companies typically complete their IPOs two to four months after filing then getting approval from government regulators.

53. US Job Growth Slowed in August But Economy Still Looks Solid -

WASHINGTON (AP) – The U.S. job market hit a lull in August, with employers adding a solid but less-than-robust 156,000 jobs and holding back on meaningful pay raises for most workers.

Friday's jobs report from the government pointed to an economy that is still steadily generating jobs, though more slowly than it did earlier in its recovery from the Great Recession. With the economy now in its ninth year of expansion and unemployment near a 16-year low, fewer people are looking for work and fewer jobs are being filled.

54. US Clears First 'Living Drug' for Tough Childhood Leukemia -

WASHINGTON (AP) – Opening a new era in cancer care, the Food and Drug Administration on Wednesday approved the first treatment that genetically engineers patients' own blood cells into an army of assassins to seek and destroy childhood leukemia.

55. Best Buy Rolls Out Consulting Service at People's Homes -

NEW YORK (AP) – Best Buy is rolling out a free service next month where salespeople will sit with customers at their own homes to help make recommendations on TVs, streaming services and more.

56. Rhodes’ Wigginton Shaping Campus Culture in New Role -

Rhodes College has appointed Russell Wigginton vice president of student life and dean of students. In his newly created role, he will provide leadership for student success and help shape the campus culture for a diverse and inclusive student body.

57. Study: Memphis Cellulose Has $50M Annual Impact -

A new economic impact analysis conducted by the University of Memphis’ Sparks Bureau of Business and Economic Research shows Memphis Cellulose, one of six Georgia-Pacific Cellulose manufacturing facilities, contributes nearly $50 million to the local economy annually.

58. Computer Attacks Underscore Need for Cyber Insurance -

The cyberattack that hit FedEx subsidiary TNT Express in June, temporarily disrupting the company’s worldwide information systems, was a reminder about the fragility of digital systems that Herb Davis didn’t need.

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

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

60. Walmart Joins Forces With Google on Voice-Activated Shopping -

NEW YORK (AP) – Walmart is diving into voice-activated shopping. But unlike online leader Amazon, it's not doing it alone.

The world's largest retailer said Wednesday it's working with Google to offer hundreds of thousands of items from laundry detergent to Legos for voice shopping through Google Assistant. The capability will be available in late September.

61. AT&T Fiber Expands In Memphis Area -

AT&T is now offering a 1-gigabit connection on its 100 percent fiber network powered by AT&T Fiber to customers in the Memphis area, including in parts of Lakeland and surrounding areas.

With a 1-gigabit connection, customers can download 25 songs in 1 second or a 90-minute high-definition movie in less than 34 seconds, according to AT&T.

62. Study: Memphis Cellulose Has $50M Annual Impact -

A new economic impact analysis conducted by the University of Memphis’ Sparks Bureau of Business and Economic Research shows Memphis Cellulose, one of six Georgia-Pacific Cellulose manufacturing facilities, contributes nearly $50 million to the local economy annually.

63. Council OKs $6M Loan for Wonder Bread Garage -

The Memphis City Council approved a $6 million loan on Tuesday, Aug. 22, to help finance the development of a 481-space parking garage that’s a key part of the $73 million Wonder Bread redevelopment.

64. New Milestones -

For the 11th straight year, the tourism industry in Tennessee brought in more than $1 billion in state and local sales tax revenue, this time topping off at $1.7 billion in 2016.

This figure marks a nearly 7 percent increase year over year, which is higher than the national average rate of growth, according to the Tennessee Department of Tourist Development.

65. Parking at Crux of Cooper Street Plan -

It’s no secret that adding density in core areas like Midtown and Downtown has become one of the city’s more high-profile developmental goals, which is why more plans for multifamily projects have been popping on the agendas of governing bodies recently.

66. South City Redevelopment Activity Heating Up -

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.

67. Downtown Lofts to Begin Second Phase -

In this week’s Real Estate Recap, 266 Lofts in Downtown Memphis begins its second phase, Peak Capital closes on a massive Cordova apartment complex, and a Chattanooga-based rock climbing gym purchases land in East Memphis.

68. 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.

69. 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.

70. 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!"

71. 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.

72. 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.

73. 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.

74. 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.

75. 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."

76. 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.

77. 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.

78. 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.

79. 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.

80. 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.

81. 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.

82. 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

83. 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?

84. 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.

85. 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.

86. 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.

87. 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.

88. 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.

89. 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.

90. 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.

91. 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.

92. 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...

93. 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.

94. 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.

95. 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.

96. 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.

97. 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.

98. 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.

99. 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.

100. 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.