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Editorial Results (free)

1. 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.

2. How Many Funds Make a Good Mix? -

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

3. Stronger Penalties Alone Won’t Solve State’s Opioid Crisis -

Rep. Bryan Terry deals with patients from every demographic caught up in the web of opiates.

Patients have an array of tolerance to opioids, as well, from those currently addicted to those who are recovering addicts. As a result, each patient requires an “individualized” anesthetic based on their background and the procedure or surgery they’re to have, says Terry, a Murfreesboro anesthesiologist.

4. 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.

5. GTx Reports $6.4M Loss, Secures $15 Million Loan -

Memphis-based biopharmaceutical company GTx Inc. saw a net loss of $6.4 million for the second quarter, compared to $6.1 million during the same period in 2016, the company reported Monday, Aug. 14.

6. Charting a Course -

Daphne Large, founder, CEO and president of Data Facts Inc., didn’t have her company certified as a woman-owned business for 25 years. “I don’t want to be chosen because I’m a woman, but because I’m the best,” Large said, voicing a sentiment that many women business owners agree with.

7. MEMFix Sets Date for Eighth Installment -

Urban infill projects in core sections of the city are not only transforming surrounding areas, but also how Memphians view the city’s neglected assets.

Looking to build off of the momentum of such successful rehabilitation projects, MEMFix has set its sights on the intersection of Madison Avenue and Cleveland Street, where it will host its next event on Oct. 13 from 11 a.m. to 8 p.m.

8. For Electric Cars to Take Off, They'll Need Place to Charge -

DETROIT (AP) – Around the world, support is growing for electric cars. Automakers are delivering more electric models with longer range and lower prices, such as the Chevrolet Bolt and the Tesla Model 3. China has set aggressive targets for electric vehicle sales to curb pollution; some European countries aim to be all-electric by 2040 or sooner.

9. Women-Owned Businesses Chart Progress of Diversity Contracting Efforts -

Daphne Large, founder, CEO and president of Data Facts Inc., didn’t get her company certified as a woman-owned business for 25 years.

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

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

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

11. Casinos Embrace Esports Even as They Work to Understand It -

ATLANTIC CITY, N.J. (AP) – Casinos are slowly embracing competitive video game tournaments as a way to help their bottom lines, but the money is coming from renting hotel rooms to the young players and selling them food and drinks, not from turning them into gamblers.

12. What is MROI? -

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

13. First Day of School Begins With Greetings, Hopes -

The school year began Monday, Aug. 7, with some parents registering children on the first day, other children finding their way back into academic routines on their own and Shelby County Schools leaders awaiting the release of achievement test scores from the state that will set a new baseline for where students are academically.

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

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

15. Bartlett Shopping Center Sells for $1.4 Million -

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

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

16. Last Word: Primary Care, Weirich On Twitter and Tigers Offense -

Shelby County District Attorney General Amy Weirich has been responding by Twitter for the last two days to the New York Times Magazine article about the Noura Jackson case that went up online earlier this week. Using the hashtag “ProCrimeNYTimes,” Weirich @ShelbyCountyDA -- tweeted Wednesday that the long read is “a blatant effort to create sympathy for the defendant while demonizing prosecutors.”

17. With 401(k) Accounts Booming, What Should Investors Do? -

NEW YORK (AP) – Did you notice that your toe doesn't hurt because you didn't stub it today?

We tend to pay the closest attention to things when they're going badly, and the same is true of the stock market. When stocks crashed during the financial crisis in 2008, phone lines for financial advisers and 401(k) providers were jammed with panicky investors. Now stocks are at record highs, and the market is tranquil. It's easy to feel comfortable leaving your account on autopilot.

18. 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.

19. 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.

20. 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.

21. Bartlett Shopping Center Sells for $1.4 Million -

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

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

22. Money is Not Enough -

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

23. Fully Loaded -

It’s almost like the first half of 2017 was a decade in the making, at least when it comes to commercial real estate. Throughout all four major sectors of the Memphis-area commercial real estate market – industrial, office, retail and multifamily – figures are consistently reaching or exceeding pre-recession marks.

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

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

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

25. Gillette Out, ServiceMaster to Spin Off Unit -

To Memphians, Rob Gillette is the ServiceMaster Global Holdings Inc. leader who moved the company’s headquarters from East Memphis to Downtown and put the old Peabody Place Mall back in use.

26. 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.

27. Equity Firm Buys Publisher Of The Collierville Herald -

A Nashville-based private equity firm with no previous media investments has acquired a regional publisher that owns 12 websites, magazines and newspapers, including The Collierville Herald.

American Hometown Publishing announced Monday, July 17, it has been bought by West End Holdings. AHP, which has assets in Tennessee, Virginia, Oklahoma and Florida, said under new ownership it “will immediately begin seeking additional local media properties to add to its portfolio,” according to a release.

28. 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.

29. Be Boring -

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

30. 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.

31. Nashville Equity Firm Buys Collierville Herald Publisher -

A Nashville-based private equity firm with no previous media investments has acquired a regional publisher that owns 12 websites, magazines and newspapers, including The Collierville Herald.

American Hometown Publishing announced Monday, July 17, it has been bought by West End Holdings. AHP, which has assets in Tennessee, Virginia, Oklahoma and Florida, said under new ownership it “will immediately begin seeking additional local media properties to add to its portfolio,” according to a release.

32. 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.

33. Tennessee Hospitals Group Opposes GOP Health Bill Rewrite -

NASHVILLE, Tenn. (AP) – Tennessee's lobby group for hospitals says the rewritten Republican health care bill in Congress doesn't have the best interests of Tennesseans or hospitals at heart.

34. Keys to Great Financial Planning -

Ray’s Take: It would be nice if you had a magic formula or an easy trick that made it so you never had to worry about money again, but life doesn’t work that way. You need a plan to help you reach your goals, and the plan should have multiple steps.

35. Microsoft Announces Rural Broadband Initiative -

Microsoft wants to extend broadband services to rural America by using the buffer zones separating individual television channels in the airwaves.

Microsoft plans to partner with rural telecommunications providers in 12 states, from the Dakotas and Arizona to a far eastern edge of Maine. The strategy calls for a combination of private and public investments and regulatory cooperation from the Federal Communications Commission to get about 2 million rural Americans connected to high-speed internet in the next five years.

36. Mississippi's Largest Solar Facility Begins Generating Power -

SUMRALL, Miss. (AP) – Mississippi's largest solar power installation is now making electricity.

Mississippi Power Co. is contracted to buy electricity for 25 years from the $100 million Lamar County facility, owned by D.E. Shaw Renewable Investments.

37. Financing Set for New TAG Truck Center -

Financing has been completed for the new TAG Truck Center facility that will be located where the former Mall of Memphis once stood at 4451 American Way.

38. Need For Speed -

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

39. Mississippi Demands $6.4M Back From Electric Car Maker, CEO -

JACKSON, Miss. (AP) – Mississippi's state auditor on Wednesday demanded that a troubled electric car maker or its leader repay $4.9 million in state and local aid the company received, plus $1.5 million of interest.

40. Financing Set for New TAG Truck Center -

Financing has been completed for the new TAG Truck Center facility that will be located where the former Mall of Memphis once stood at 4451 American Way.

41. Jernigan Capital Hits Investment Milestones -

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

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

42. Analyst: Fred’s Not Seen as Viable Buyer of Rite Aid Stores -

Nick Mitchell, managing director and research analyst with Northcoast Research, didn’t have to do much work or analysis in the wake of news that Memphis-based Fred’s Inc. has been cut out of a deal between Walgreens and Rite Aid.

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

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

44. New Grizzlies Ready to Work, Free Agent Picture Still Cloudy -

All across the NBA landscape, teams are trotting out their second-round draft picks and saying the same things: We had these players rated higher. We couldn’t believe they were still there. And the classic, “We’re so happy they fell to us.”

45. Community Rx -

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

46. Buffett's Company Lends $1.5B to Home Capital, Invests $300M -

OMAHA, Neb. (AP) — Warren Buffett's company is lending $1.5 billion to Home Capital and spending roughly $300 million to purchase nearly 40 percent of the troubled Canadian lender's stock.

47. Saudi King Names Son Heir as New Generation Encircles Throne -

RIYADH, Saudi Arabia (AP) — Saudi Arabia's King Salman appointed his 31-year-old son Mohammed bin Salman as crown prince on Wednesday, placing him first-in-line to the throne and laying the groundwork for an entirely new generation of royals to take the reins.

48. Kresge Foundation Awards $1.3 Million in Grants -

The Kresge Foundation has announced that 10 local organizations will receive a total of $1.3 million in grant support to boost opportunity for Memphis residents.

The grants range in size from $25,000 to $150,000 per year and are expected to provide support over 12-24 months.

49. Kresge Foundation Awards $1.3 Million in Grants -

The Kresge Foundation has announced that 10 local organizations will receive a total of $1.3 million in grant support to boost opportunity for Memphis residents.

The grants range in size from $25,000 to $150,000 per year and are expected to provide support over 12-24 months.

50. Facilities, Football Fever Growing At the University of Memphis -

Somewhere, in a long-ago Division I sports galaxy far away, an athletic director could catch his breath after his college baseball team made its last out and before his football team started practice. Not so much now.

51. Medicaid Cuts Could Hit Rural Children Hardest -

As Congress fiddles with an Obamacare replacement, one likely to cut billions in Medicaid spending, health care experts warn a decrease in funding could be hard on Tennessee.

During a recent forum in Jackson, Andy Schneider of the Georgetown Center on Children and Families reported that 50 percent of Tennessee’s children in small towns and rural areas are covered by Medicaid, a higher percentage than the rest of the nation, and more than in Tennessee’s urban areas where 39 percent have Medicaid.

52. Hernando Ice Cream Parlor Preparing Crosstown Location -

1350 Concourse Ave.

Memphis, TN 38104

Permit Amount: $80,000

Application Date: June 2017

53. EDGE Approves Pair Of ICED Loans -

Two Memphis businesses are set to receive Inner City Economic Development loans to improve their facilities.

The Economic Development Growth Engine finance committee voted Wednesday, June 7, to award a $20,000 loan to HopeWorks, located at 3337 Summer Ave. in Highland Heights, and a $19,000 loan to Orca Printing, located at 1808 September Ave. in Southeast Memphis.

54. EDGE Approves Pair of Inner City Development Loans -

Two Memphis businesses are set to receive Inner City Economic Development loans to improve their facilities.

The Economic Development Growth Engine finance committee voted Wednesday, June 7, to award a $20,000 loan to HopeWorks, located at 3337 Summer Ave. in Highland Heights, and a $19,000 loan to Orca Printing, located at 1808 September Ave. in Southeast Memphis. The forgivable ICED loans will help offset the costs of physical improvements to their locations.

55. Memphis Hustle Just the Job for Glynn Cyprien -

We can debate whether the Memphis Hustle is a good name or a bad name for the Grizzlies’ minor-league affiliate that will play in Southaven this season.

Not up for debate is that Memphis Hustle is a really good description of the job that belongs to Glynn Cyprien, the team’s head coach.

56. Nordstrom Family Considering Buyout of Department Store -

NEW YORK (AP) – Members of the Nordstrom family including co-presidents Blake, Peter and Erik Nordstrom are considering making an offer to buy out the 70 percent of the department store's stock they don't already own.

57. 2 Businesses Seek Inner City Loans From EDGE to Grow -

Two local businesses that are looking to grow their footprint in traditionally underserved areas of Memphis are seeking forgivable loans for building improvements from the Economic Development Growth Engine for Memphis and Shelby County.

58. Last Word: The Jazz Cornerstone, Council Day and 100 Items at Brooks -

In Elmwood Cemetery Tuesday morning, a wreath laying ceremony at the grave of Jimmie Lunceford, the Memphis jazz giant who formed and taught the Manassas High School band known as the Chickasaw Syncopators who went professional in the jazz age of the 1920s and played The Cotton Club during the Harlem renaissance. Lunceford was the cornerstone of Memphis jazz and Manassas was its bedrock. And the story of his high school students going professional is but an early chapter in a much longer narrative of gifted musicians and artists at times literally walking out of a graduation ceremony and onto a tour bus.

59. Walmart Touts Investment in People, Technology as Advantages -

FAYETTEVILLE, Ark. (AP) – Walmart CEO Doug McMillon touted the company's investments in people and technology, but also said the company may have reached an employment peak and urged employees not to be afraid of automation.

60. Memphis Banks Build Brand Awareness Via Marketing, Community Investments -

As a complement to traditional advertising, one way banks like Regions Bank, First Tennessee Bank and Pinnacle Financial Partners promote their brands in the local community is by spreading money around to everything from charitable causes to putting their name and logos on buildings and events.

61. Winds of Change -

Humans have been harnessing the power of the wind since the first Egyptians began to use sails to move their boats along the Nile. More than 7,000 years later, wind power capacity in the U.S. alone has surpassed 82 gigawatts, or enough energy to power 20 million homes, making it the largest renewable generation capacity in the country.

62. AutoZone Downgraded After Disappointing Q3 -

Analysts downgraded shares of auto parts retail giant AutoZone on Tuesday, May 23, after the company reported a second straight quarter of weaker earnings and sales for its fiscal third quarter.

Raymond James Financial Inc. lowered its rating on AutoZone’s stock from “strong buy” – which it attached to AutoZone back in September 2007 – to “market perform.”

63. JPMorgan Chase Pumps $17M Into Summer Job Programs -

BOSTON (AP) – JPMorgan Chase has announced a five-year, $17 million investment in a summer job program to give youth the skills needed to succeed in the modern business world.

The first phase of the Summer Youth Employment Program announced Monday includes $3 million to organizations in 19 U.S. cities that provide training and work experience to the young.

64. Trucking Companies Say Additional Fuel Costs Worth It for Improved Infrastructure -

Donnie Caldwell figures that the increase in the state gas tax that will begin this summer will cost his company more than $315,000 a year.

65. CEO: Wunderlich Acquisition ‘A Good Thing for Memphis’ -

In providing context for his firm’s pending acquisition by a Los Angeles-based financial services firm, Wunderlich Securities Inc. CEO Gary Wunderlich explained that “there’s been a ton of consolidation in our industry,” and that “size and scale matter.”

66. Memphis Retail Brokers Preparing for Largest Event of the Year in Vegas -

This week more than 37,000 retail real estate professionals from 58 countries will gather in Las Vegas for the International Council of Shopping Centers’ annual RECon convention.

At the event, which will run May 21-24, there will be no shortage of representatives from the Bluff City who run the gamut from brokers, developers and landlords looking to attract the next big restaurant, hotel or store, to Memphis-based companies like AutoZone and FedEx Office looking to grow their global footprint.

67. Many Women Think Men are the Better Investors; They're Not -

NEW YORK (AP) – Many men and women think men are the better investors. They're wrong.

After checking how 8 million of its customers did during 2016, Fidelity Investments found that women did better than men by an average of 0.4 percentage points.

68. Uncertain Times -

Ray’s Take We live in uncertain times. There are no guarantees; there is only planning and adapting. A sound financial plan is a great hedge against uncertain times, and the inability to predict future tax rates or the direction of the stock market should not be a deterrent to having a good financial plan.

69. Innova Turns Focus Toward Agriculture Technology -

By 2050, National Geographic Magazine recently warned readers, the world will somehow have to be able to feed 2 billion more people than it does now.

Innovations in agriculture and farming technology are one way of addressing that looming challenge. Which helps explain why now felt like the right time for Memphis-based venture capital firm Innova Memphis to continue expanding the focus of its investment funds into new industry sectors like ag tech.

70. EDGE Approves Trio of Tax Incentives -

The Economic Development Growth Engine board has granted tax incentives for a pair of Presidents Island manufacturing operations and a South Memphis health care company that together will result in the creation of 126 jobs and capital investments topping $140 million.

71. NouriTech, Cargill Awarded Tax Incentives for Memphis Facilities -

Two President’s Island manufacturing operations, NouriTech’s new gas fermentation facility and Cargill’s corn mill, were awarded a pair of PILOTs from the Economic Development Growth Engine for Memphis and Shelby County.

72. Winning and Losing Legislation in Tennessee in 2017 -

NASHVILLE, Tenn. (AP) – Here is a look and some of the winning and losing bills of the 2017 session of the Tennessee General Assembly:

WINNERS

ABORTION BAN-20 WEEKS: Enforces a 20-week abortion ban if the fetus is deemed viable. HB1189

73. Innova, AgLaunch Partner On New Innovation Fund -

The venture capital firm Innova Memphis will include the venture development organization and accelerator AgLaunch in a new $31 million agriculture innovation fund.

The fund, which is Innova’s fourth since it was founded 10 years ago by Memphis Bioworks, is certified and licensed by the USDA’s Rural Business Investment Program as a rural business investment company.

74. AT&T Invested $225M in Memphis Over Past 3 Years -

AT&T reports it spent more than $225 million on its Memphis wireless and wired networks between 2014 and 2016.

Those investments, the company says, “enhance reliability, coverage, speed and overall performance for residents and businesses,” among other benefits. The company says it’s also speeding its wired and wireless buildout plans in Tennessee, allocating “hundreds of millions of dollars” to improve its network, paving the path for 5G mobile services in the coming years.

75. Postal Service, Citing Losses, Seeks Higher Stamp Prices -

WASHINGTON (AP) – The U.S. Postal Service is hoping it can soon raise stamp prices by a penny or more.

The postal service on Wednesday reported a quarterly loss of $562 million, despite growth in package delivery, due to continued erosion in the use of first-class mail as well as expensive mandates for its retiree health care obligations. It also attributed losses to a forced reduction in stamp prices last year.

76. Tennessee Senate Approves $37B Budget -

The state Senate approved a $37 billion budget Monday complete with the governor’s IMPROVE Act package of fuel tax increases and tax reductions.

Senators passed the measure 28-2 and sent it to the governor despite opposition led by Democratic Sen. Lee Harris of Memphis, who argued the body would be breaking the Copeland cap, a law prohibiting the spending of revenue that exceeds the state economy’s growth rate.

77. Buffett Criticizes United and Its CEO Over Dragging Incident -

NEW YORK (AP) – Warren Buffett said Monday that United Airlines bungled the case of the passenger dragged off a plane last month, and he is criticizing the CEO's handling of the incident.

78. Punching In Past 65: Older-Worker Rate Highest Since 1962 -

NEW YORK (AP) – Retire by your mid-60s? How 1960s.

More Americans age 65 and over are still punching the clock, and the last time the percentage was this high was when John F. Kennedy was in the White House.

79. Jernigan Capital Has Solid Q1, More Growth Expected -

Memphis-based Jernigan Capital Inc. is enjoying a strong start to 2017.

The company – a capital partner for self-storage entrepreneurs – saw net income attributable to common stockholders for the three months ended March 31 increase to $1.2 million, or 14 cents per share, compared to net income of $1.1 million, or 18 cents per share, for the comparable period in 2016.

80. Kemmons Wilson Cos. Continues in the Spirit of its Founder -

McLean T. Wilson has a statistic he likes to keep top of mind: 94 percent of third-generations businesses fail. Kemmons Wilson Cos. (KWC), the enterprise founded by McLean’s grandfather, Kemmons Wilson, is in the other 6 percent.

81. Jernigan Capital Has Solid Q1, More Growth Expected -

Memphis-based Jernigan Capital Inc. is enjoying a strong start to 2017.

The company – a capital partner for self-storage entrepreneurs – saw net income attributable to common stockholders for the three months ended March 31 increase to $1.2 million, or 14 cents per share, compared to net income of $1.1 million, or 18 cents per share, for the comparable period in 2016.

82. Study: TVA System Creates Nearly $12B Impact on Region -

KNOXVILLE, Tenn. (AP) – A new study estimates the Tennessee Valley Authority's managed river system created an $11.9 billion economic impact in the Tennessee Valley last year.

The Chattanooga Times Free Press reports (http://bit.ly/2oVYzI9) that the University of Tennessee Institute of Agriculture's study examines the total effect from the recreational and visitor uses of TVA's 49 reservoirs. TVA is the nation's largest public utility and provides electricity to about 9 million people in Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.

83. New York Firm Pays $23M for 3 Germantown Hotels -

7750 Wolf River Blvd., 9314 Poplar Pike and 9320 Poplar Pike, Germantown, TN 38138 | Sale Amount: $23 million

Sale Date: April 28, 2017

84. House GOP Takes First Steps to Undo Financial Law -

WASHINGTON (AP) – House Republicans worked to undo former President Barack Obama's law overhauling the nation's financial rules, arguing that it is undermining economic growth. Democrats countered that the GOP effort risked a repeat of the 2008 meltdown that pushed the economy to the brink of collapse.

85. New York Firm Pays $23M For 3 Memphis-Area Hotels -

AR Global Investments, a New York-based asset management firm, has purchased a trio of Germantown hotels for a combined $23 million from Austin, Texas-based Summit Hotel Properties, according to three warranty deeds filed with the Shelby County Register of Deeds on April 28.

86. Lawmakers Settle on $1T Plan to Avoid US Gov't Shutdown -

WASHINGTON (AP) – Lawmakers on Monday unveiled a huge $1 trillion-plus spending bill that would fund most government operations through September but would deny President Donald Trump money for a border wall and rejects his proposed cuts to popular domestic programs.

87. FTB Advisors’ Chief Investment Officer: Block Out Noise; When in Doubt, Hold -

Gerald W. Laurain is chief investment officer at FTB Advisors Inc., a subsidiary of First Tennessee Bank. He oversees a large number of financial advisers that work with individual and corporate clients.

88. Investors See Benefits, Drawbacks In Access to Real-Time Technology -

Twenty years ago, if John Laughlin needed data on the stock market, he logged in to a Bloomberg terminal and started doing research.

89. Third-Party Litigation Financing Grows Into Popular, High-Stakes Trend -

Two decades ago, commercial third-party litigation financing was as small and uncommon as to be “negligible,” in Charles Agee’s words. Maybe $100 million in such funding per year.

90. EDGE Board Approves Two PILOTs, GMACW Merger -

The Economic Development Growth Engine for Memphis and Shelby County on Wednesday, April 19, granted tax abatements for a pair of companies with capital investment plans totaling $34 million and approved a resolution that allows the Greater Memphis Alliance for a Competitive Workforce to merge into EDGE.

91. Shops of Wolflake Near Wolfchase Sells for $4.8M -

2965 N. Germantown Parkway
Bartlett, TN 38133 

Sale Amount: $5 million

Sale Date: March 31

Buyer: WFL Retail LLC

92. Career Interference -

The job market often offers twists and turns you’d never expect. My first twist happened during college.

I grew up in the ’90s, along with the internet. Companies like AOL were just starting. With a “fast” dial-up modem, you could connect through your phone line. It was just the sort of thing a teenager dying to go to college out of state needed. It was an exciting time. Everything and everyone suddenly seemed magically intertwined in a new way.

93. Shops of Wolflake Sells for $4.8 Million -

A Germantown Parkway shopping center near Wolfchase Galleria has switched hands for nearly $5 million, according to a warranty deed filed with the Shelby County Register of Deeds March 31.

Called the Shops of Wolflake, the Bartlett shopping center is located between St. Francis Hospital-Bartlett and the Wolfchase mall and is anchored by Eat Well Sushi and Grill.

94. Growth Funds for Tax Efficiency -

Ray’s Take When it comes to real return, it’s not what you make, but what you keep after taxes and inflation that counts. 

Being mindful of taxes is more important than ever. Tax-efficiency in taxable portfolios is imperative, whether they’re pre-retirement accumulation accounts or retirement distribution portfolios. It’s incumbent upon investors to understand the tax implications for the various funds in their portfolios to plan the best strategy for their retirement.

95. Last Word: Lawsons Exit, LaRose Lessons and No Medicaid Expansion This Year -

The Lawson Brothers exit Tigers basketball seeking a release from the University of Memphis. The statement from Dedric and K.J. Lawson was all sweetness and light and apparently about as sincere as one of those interviews where players and coaches declare that if they will just play hard and put more points on the board than the other team then they should win.

96. Shops of Wolflake Near Wolfchase Sold for $4.8M -

A Germantown Parkway shopping center near Wolfchase Galleria has switched hands for nearly $5 million, according to a warranty deed filed with the Shelby County Register of Deeds March 31.

Called the Shops of Wolflake, the Bartlett shopping center is located between St. Francis Hospital-Bartlett and the Wolfchase mall and is anchored by Eat Well Sushi and Grill.

97. Malco Moving Forward With Downtown Theater -

45 E. G.E. Patterson Ave.
Memphis, TN 38103 

Permit Amount: $5 million

Project Cost: $55 million

Application Date: March 2017

98. Collierville Mayor Stan Joyner Says Political Path Kept Calling -

Before he ever ran for anything in Collierville, Stan Joyner spent a dozen years on the town’s planning commission. And he was an elected alderman for another 12 years before he ran for and was elected mayor of the town of 48,000 people.

99. DCA Founder Buys Historic Nabisco Building Downtown -

Doug Carpenter, founder and principal of the creative communications consulting firm DCA, has bought a historic Downtown building he will convert into his company’s new office.

Originally built as a National Biscuit Company (Nabisco) distribution center, the circa-1910 building sits on roughly half an acre at 11 W. Huling Ave. in the South Main Arts District.

100. DCA Founder Buys Historic Nabisco Building Downtown -

Doug Carpenter, founder and principal of the creative communications consulting firm DCA, has bought a historic Downtown building he will convert into his company’s new office.

Originally built as a National Biscuit Company (Nabisco) distribution center, the circa-1910 building sits on roughly half an acre at 11 W. Huling Ave. in the South Main Arts District.