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Editorial Results (free)

1. Trinity Sports Honored By Baseball Digest -

Baseball Digest has selected Trinity Sports Holdings, the majority stakeholder in the Triple-A Memphis Redbirds and the short-season Class A Williamsport (Pennsylvania) Crosscutters, as its 2017 Organization of the Year following successful seasons by both teams.

2. Trinity Sports Honored By Baseball Digest -

Baseball Digest has selected Trinity Sports Holdings, the majority stakeholder in the Triple-A Memphis Redbirds and the short-season Class A Williamsport (Pennsylvania) Crosscutters, as its 2017 Organization of the Year following successful seasons by both teams.

3. Graceland Sues Over Concert Venue Scrapped By Grizz Noncompete -

Graceland is challenging the noncompete agreement the city and county governments have with the Memphis Grizzlies in a lawsuit filed Wednesday, Nov. 15, in Shelby County Chancery Court.

The lawsuit by Elvis Presley Enterprises Inc. and Guesthouse at Graceland LLC seeks a declaratory judgment against the city of Memphis, Shelby County and Memphis Basketball LLC.

4. Last Word: Grit & Grind As A Mindset, Sewer Retaliation and MUS & Hutchison -

More than a few bread crumbs on the direction the Fairgrounds redevelopment proposal is … well, developing after the second of three very important public forums last week by City Hall. The signs indicate a water park or surf park is highly unlikely, the gym at Maxine Smith STEAM Academy would go to open up Central Avenue frontage and a new gym built behind Kroc Center, a hotel by the Children’s Museum and the high school football field and track oval move from Central to where Libertyland used to be. And the city says none of this is set in stone even if it does show up on a tentative site plan among the exhibits last week.

5. Intriguing Story Playing Out Off The Football Field -

Anybody got an extra billion dollars lying around? If so, you can own one-third share of an NFL franchise plus a handful of other assorted business ventures.

That’s the situation involving the Tennessee Titans as they head into what could be a very eventful season. Susie Adams Smith, one of three children of the late franchise founder Bud Adams, is attempting to divest herself of one-third interest in KSA Industries, the business conglomerate built by her father.

6. 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...

7. Last Word: Corporate Musical Chairs, Another Dollar General and Ronnie Grisanti -

The three-way deal by which Memphis-based Fred’s was to buy hundreds of Rite-Aid stores from Walgreens just keeps getting worse for Fred’s even though the deal happened last week without Fred’s. An analyst says Fred’s got cut out because of questions about the corporation’s viability to enter into what is an ambitious change of course for the company on a large scale.

8. Sustaining the Rally -

Innings come to an end, games come to an end, and seasons come to an end. Yet the Memphis Redbirds are forever playing against their best selves – those grand and glorious days when AutoZone Park was new and the Triple-A baseball team competed in the highest-level pro sports league in town.

9. Southern Yankee -

To best understand another man’s baseball passion, you must first understand his baseball pain. So if you hope to truly understand Peter B. Freund, new majority owner of the Memphis Redbirds, you must travel back to his youth.

10. Nordstrom Will Lure More Class A Retailers to Memphis -

Nordstrom Rack is just the tip of the Class A iceberg. At least three more best-in-class retailers are headed for the newly-built East Memphis shopping center, and the fate of the Wolfchase Galleria Sears is to be decided.

11. Best-in-Class Retailers to Join Nordstrom Rack in East Memphis -

Nordstrom Rack is just the tip of the Class A iceberg. At least three more best-in-class retailers are headed for the newly built East Memphis shopping center, and the fate of the Wolfchase Galleria Sears is to be decided.

12. Chism Opens Capital Advisors/Bellwether Enterprise's Memphis Office -

Jeremy Chism has joined Capital Advisors/Bellwether Enterprise as vice president to open the company’s Memphis commercial real estate loan production office. The firm provides financing solutions through a vast network of insurance companies, CMBS lenders and commercial lenders for commercial real estate.

13. Media Heads Rule Ranks of Best-Paid CEOs -

NEW YORK (AP) – They're not Hollywood stars, they're not TV personalities and they don't play in a rock band, but their pay packages are in the same league.

Six of the 10 highest-paid CEOs last year worked in the media industry, according to a study carried out by executive compensation data firm Equilar and The Associated Press.

14. Open In Memphis -

First-year Memphis Open tennis director Erin Mazurek no doubt could tell you more than you ever wanted to know about the Detroit Red Wings.

Mazurek spent five years working for the National Hockey League team as director of private events. So, she’s got a history there. She knows the value of winning and what the Stanley Cup means (last won by the Red Wings in 2008).

15. Randy Odom Named CEO of Memphis Athletic Ministries -

Randy Odom has been named president and chief executive officer of Memphis Athletic Ministries. Odom joined MAM in 2006 as a neighborhood center director and became chief operating officer in 2012. In his new role, he oversees all operations and programming for 10 neighborhood youth centers that serve more than 900 underserved youth after school each day.

16. ServiceMaster Signals Desire to Strengthen Tennis Tournament -

After it was announced at a press conference at The Racquet Club of Memphis that ServiceMaster Global Holdings Inc. had entered into a three-year deal to be the presenting sponsor of the Memphis Open, the company’s chief financial officer, Alan Haughie, couldn’t help himself.

17. ServiceMaster to Present Memphis Open -

Memphis-based ServiceMaster Global Holdings Inc. will be the presenting sponsor of the local Association of Tennis Professionals tour stop in February, it was announced Thursday afternoon at The Racquet Club of Memphis.

18. Athletic/Ortho Facility Opens in Collierville -

D1 Sports Holdings LLC and Ortho One Sports Medicine have teamed up to open a sports training and therapy facility in Memphis. In addition, the business is co-owned by Tennessee Titans offensive lineman Michael Oher.

19. Athletic/Ortho Facility Opens in Collierville -

D1 Sports Holdings LLC and Ortho One Sports Medicine have teamed up to open a sports training and therapy facility in Memphis. In addition, the business is co-owned by Tennessee Titans offensive lineman Michael Oher.

20. Meritan’s Branch Named Among Top Nurses -

Cindy Branch, Meritan’s associate vice president for health services, has been selected to represent Tennessee as one of the nation’s top 50 home care and hospice nurses by the National Association for Home Care & Hospice and the Home Healthcare Nurses Association. Branch, a registered nurse, has oversight of Meritan’s nursing programs, including home health, private duty nursing and medical residential homes. She will be recognized at NACH’s annual meeting in October.

21. Orpheum Files Permit For Performing Arts Center -

225 S. Main St.
Memphis, TN 38103

Permit Cost: $10.2 million

Project Cost: $14.5 million

22. Collierville Fred’s Sells for $1.5 Million -

450 U.S. 72
Collierville, TN 38017
Sale Amount: $1.5 million

Sale Date: Dec. 20, 2013
Buyer: Collierville Realty Holdings LLC
Seller: Washington Square Properties (a Tennessee general partnership composed of Thomas W. Taylor, trustee of the Thomas W. Taylor Revocable Living Trust dated April 27, 2000, and Thomas W. Hart)
Loan Amount: $793,000
Loan Date: Dec. 20, 2013
Maturity Date: Dec. 20, 2016
Lender: First Capital Bank
Details: The 19,152-square-foot fred’s retail store at 450 U.S. 72 in Collierville has sold for $1.5 million.

23. Haslams Try to Halt Fallout From FBI Raid on Pilot -

NASHVILLE (AP) – Tennessee's Haslam family is furiously trying to control the damage following a federal investigation into the family business that could threaten to unravel decades of growing wealth and influence that spans business, sports and politics in the state and beyond.

24. I-Bank Grows in Namesake East Memphis Office Tower -

Independent Bank has expanded its headquarters at I-Bank Tower to primarily accommodate its Mortgage Lending Division.

25. Endocrinologist Detti Joins UT Medical Group -

Reproductive endocrinologist Dr. Laura Detti has joined the Germantown office of UT Medical Group Inc., where she specializes in male and female infertility. Detti provides genetic diagnosis and counseling; management of conditions such as polycystic ovarian syndrome, recurrent miscarriages and premature menopause; and pre- and post-cancer care for fertility issues.

26. Scharff Elected to Legal Roles at Buckman, Bulab Holdings -

Jonathan Scharff has been elected vice president, legal and general counsel for Buckman and corporate secretary for Bulab Holdings Inc., Buckman’s parent company. Scharff has more than 22 years’ experience in the legal industry, including positions at Greensfelder, Hemker & Gale PC in St. Louis and Harris Shelton Hanover Walsh PLLC in Memphis. In his new position, he will oversee legal needs in U.S. and global operating companies and work with associates in preventing and managing legal risks.

27. Preserve at Forest Creek Sells for $45.5M -

A Class A apartment community in the Germantown/Collierville submarket has traded hands for $45.5 million – marking the largest multifamily sale in three years.

Preserve at Forest Creek Apartments sold on Wednesday, June 29, for $109,900 per unit to Carter-Haston Real Estate Services Inc.

28. ‘Big 3’ Reflect Local Banking Scene -

One of the most famous aphorisms about politics is that all of it is local. Bankers and other inhabitants of the finance world know the same often goes for them too.

In the run-up to the recession, financial services firms like Citigroup and Bank of America raced to gobble each other up and built sprawling financial supermarkets.

29. Midtown Target -

Two years ago this month, awed silence greeted real estate developer Tom Marsh as he clicked through slides and walked a neighborhood group through his team’s plan.

30. Crews Buys Collierville Hampton -

1280 W. Poplar Ave.
Collierville, TN 38017
Sale Amount: $5.1 Million

Sale Date: May 11, 2010
Buyer: SGR LLC
Seller: Collierville Hotels GP
Loan Amount: $3.8 million
Loan Date: May 11, 2010
Maturity Date: May 11, 2015
Lender: First Citizens National Bank

31. Migliara Buys Summer Avenue Retail Center from Las Vegas Owner -

6343 U.S. 70 (Summer Ave.)
Memphis, TN 38134
Sale Amount: $1.2 Million

Sale Date: Nov. 25, 2009
Buyer: Lawrence Migliara
Seller: Biz Point Property Group LLC
Loan Amount: $1.2 million
Loan Date: Nov. 25, 2009
Maturity Date: Dec. 5, 2014
Lender: Trustmark National Bank

32. Tunica's New Cash Crop? -

When Xiaolin “Charles” Wang was introduced at an October press conference announcing plans to build a $1 billion hybrid automotive plant in Tunica County, he was described by the emcee as a man who “dreams big and drives fast.”

33. Investor Announces $1B Auto Plant for Tunica -

TUNICA COUNTY – Renowned for growing cotton and building casinos, Tunica County soon will make a name for manufacturing cars.

GreenTech Automotive Inc.’s Chinese owner on Tuesday announced plans to bring one of the most ambitious manufacturing and economic development projects in recent history to the Mid-South.

34. Investor Announces $1B Auto Plant for Tunica -

TUNICA COUNTY – Renowned for growing cotton and building casinos, Tunica County soon will make a name for manufacturing cars.

GreenTech Automotive Inc.’s Chinese owner on Tuesday announced plans to bring one of the most ambitious manufacturing and economic development projects in recent history to the Mid-South.

35. AP Sources: Comcast Exploring Stake in NBC -

PHILADELPHIA (AP) - Comcast Corp. is exploring whether to buy a controlling stake in NBC Universal, which would increase Comcast's ownership of the TV shows and movies it distributes to its cable subscribers, people familiar with the negotiations told The Associated Press on Thursday.

36. Carpenter Leaves Ad Agency He Helped Found -

Doug Carpenter has sold his interest in the advertising firm carpenter | sullivan | sossaman to fellow managing principal Brian Sullivan for an undisclosed amount, the longtime friends and business partners told The Daily News on Tuesday.

37. McCarver Awarded $100K in Morgan Keegan Claim -

Memphis native and sports broadcaster Tim McCarver has been awarded $100,000 in compensatory damages as a result of the arbitration claim he filed over losses from Morgan Keegan & Co. mutual fund investments.

38. Racquet Club’s New Owners Prepare For Tournaments -

Doug Carpenter and Brian Sullivan got their start with the Regions Morgan Keegan Championships years ago as ball boys who scrambled across the court during matches to help the world’s best tennis players.

39. Time Warner Expects $25B Charge, Loss for Year -

NEW YORK (AP) - Media company Time Warner Inc. said Wednesday that it expects a fourth-quarter charge of $25 billion to write down the value of its cable, publishing and AOL assets, leading to a loss for the year.

40. Sunrise Buick Buys Collierville’s Bill Heard Dealership -

4605 S. Houston Levee Road
Collierville, TN 38017
Sale Amount: $10 million

Sale Date: Dec. 2, 2008
Buyer: Sunrise Buick Pontiac GMC at Collierville LLC
Seller: Eagle Land Co. LLC
Loan Amount: $10 million
Loan Date: Dec. 2, 2008
Maturity Date: Jan. 1, 2014
Lender: GMAC Bank

41. McCarver Files Claim Against Morgan Keegan - Memphis native and sports broadcaster Tim McCarver is calling a foul against Memphis-based Morgan Keegan & Co. Inc.

McCarver, once a catcher for the St. Louis Cardinals and the namesake of the former Tim McCarver Stadium in Memphis, has filed an arbitration claim against Morgan Keegan, asking for more than $1.25 million in damages.

McCarver claims he lost money when his investments were placed in several Regions Morgan Keegan mutual funds that lost the majority of their value during 2007. The losses in those funds have spawned a wave of securities litigation and arbitration claims, and an array of regulators is looking into the causes of the funds’ meltdown.

Morgan Keegan did not respond for comment by press time.

New York-based Hyperion Brookfield Asset Management took over management of the funds from Morgan Keegan this summer.

“We obviously think he was terribly ripped off, or we wouldn’t have brought the case,” said McCarver’s attorney, Dale Ledbetter.

McCarver moved to Sarasota, Fla., in 2000, and sometime after that is when he sold his RMK holdings. That transaction, according to the arbitration McCarver filed with the Financial Industry Regulatory Authority, resulted in “substantial losses to McCarver.”

“McCarver as a native Memphian was comfortable with Morgan Keegan in part because the firm was headquartered in Memphis,” the claim reads. “McCarver met several Morgan Keegan employees and agreed to have Morgan Keegan handle the bulk of his investments.

“... After McCarver was divorced and as he got older, there was an even greater need for his investments to be conservatively oriented. This was not done.”

When asked about the McCarver case by the New York Post earlier this week, Morgan Keegan said four of eight arbitration cases related to the RMK funds have been dismissed.

...

42. Stores May See Disappointing Black Friday Sales -

NEW YORK (AP) - After pushing steep discounts throughout November that are usually reserved for the day after Thanksgiving, retailers from Kohl's to Toys "R'' Us are offering even bigger cuts and promotions for Black Friday in a frantic bid to pull in shoppers.

43. Avery Joins Southwest As Information Systems Director -

Jim Avery has joined Southwest Tennessee Community College as executive director of information systems.

44. Racquet Club’s New Owners To Make Improvements -

5111 Sanderlin Ave.
Memphis, TN 38117
Sale Amount: $4.4 Million

Sale Date: Aug. 29, 2008
Buyer: Tennis Club of Memphis LLC
Seller: Racquet Club Inc.
Loan Amount: $3 million
Loan Date: Aug. 29, 2008
Maturity Date: N/A
Lender: Regions Bank

45. Archived Article -

1130 Legacy Farm Court
Collierville, TN 38017
Sale Amount: $36.5 million

Sale Date: June 12, 2007

Buyer: Legacy Farm LLC

46. Former Immigrant Among Out-of-Towners Buying Memphis Industrial Real Estate -

It's perhaps an understatement to say that Moshe Silagi, a Southern California developer who functions most of the time on less than six hours of sleep a night, loves the art of the real estate deal.

47. Archived Article: Daily Digest - Buckeye to Upgrade

Buckeye to Upgrade

Americana, Brazil, Plant

Memphis-based Buckeye Technologies Inc. has announced plans to invest about $18 million over 18 months at its Americana, Brazil, cotton cellulose manufacturing plant. The upgrad...

48. Archived Article: Market Briefs - The state of Tennessee secured almost $2 billion in announced private capital investments in a little more than a week The state of Tennessee secured almost $2 billion in announced private capital investments in a little more than a week. Willamette...

49. Archived Article: Memos - Gary L Gary L. Osing has joined the Waring Cox law firm as chief operating officer. He formerly was director of administration for the law firm of Hand Arendall LLC in Mobile, Ala. He is a graduate of the University of South Alabama and Springfield ...