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Editorial Results (free)

1. Southeast Shelby County Apartments Sell for $56M -

Preserve at Forest Creek, a sprawling southeast Shelby County apartment complex, has switched hands for more than $56 million.

In the deal, Blackstone, a New York City investment firm doing business as BRE Piper MF Forest Creek TN, sold the roughly 36-acre property to Columbus, Ohio-based investment management firm Coastal Ridge Real Estate doing business as PFC Memphis Borrowers for $56.6 million, according to a warranty deed filed on Sept. 14 with the Shelby County Register of Deeds.

2. Trump Forms an Advisory Group of CEOs for Input on Jobs -

NEW YORK (AP) – President-elect Donald Trump on Friday announced the formation of an advisory group of more than a dozen CEOs and business leaders who will offer input on how to create jobs and speed economic growth.

3. Another Bid From China for US Hotel; $6.5B for Hilton Stake -

NEW YORK (AP) – HNA Group is snapping up a 25 percent ownership stake of the Hilton hotel chain for about $6.5 billion, the latest attempt by a Chinese interest to acquire real estate in the U.S.

4. Caterpillar CEO to Retire Next Year -

NEW YORK (AP) — Caterpillar said Monday that CEO and Chairman Doug Oberhelman will retire from the company next year and will be replaced as CEO by Jim Umpleby, an executive who has worked at the construction and mining equipment company for more than three decades.

5. 10 Years After Housing Peaked, US is More of a Renter Nation -

MOUNT PLEASANT, South Carolina (AP) – It's a troublesome story playing out across America in the 10 years since the housing bubble peaked and then burst in a ruinous crash: As real estate has climbed back, homeowners are thriving while renters are struggling.

6. Orion Acquires Medical Center Property for New Branch -

821 Poplar Ave.
Memphis, TN 38105
Sale Amount: $1.3 million

Sale Date: March 20, 2015
Buyer: Orion Federal Credit Union
Seller: Georgia Commercial Stores Inc.
Details: Orion Federal Credit Union has acquired a key piece of Memphis Medical Center real estate for a new branch.

7. Memphis-Area Homes Part of $553 Million Loan -

A total of 66 residential single-family rental properties in the Memphis area, including the cities of Memphis, Lakeland and Arlington, are part of a massive loan arranged by Goldman Sachs for a leading residential real estate investment trust.

8. Memphis-Area Homes Part of $553 Million Loan -

A total of 66 residential single-family rental properties in the Memphis area, including the cities of Memphis, Lakeland and Arlington, are part of a massive loan arranged by Goldman Sachs for a leading residential real estate investment trust.

9. Reedy Thriving As Housing Investments Skyrocket -

Jim Reedy began selling real estate in 1976 while he was a student at the University of Memphis, and within three years, he moved into selling investment properties.

10. CVS Caremark to Buy Coram for $2.1 Billion -

NEW YORK (AP) – Drugstore chain operator CVS Caremark Corp. said Wednesday that it has agreed to buy the drug infusion business Coram LLC, a unit of Apria Healthcare Group Inc., for $2.1 billion.

11. Hilton Worldwide Plans to Raise $1.25 Billion From IPO -

NEW YORK (AP) – Hotel operator Hilton Worldwide Holdings Inc. plans to raise $1.25 billion from an initial public offering of its common stock.

12. Four Memphis Startups Win Spots in ‘The TENN’ -

Memphis’ startup community continues collecting recognition beyond the city limits to go along with the steady attraction of new platforms, investments, mentors and programs for startups here.

13. Dell Delays Vote on Buyout, Sign It Lacks Support -

ROUND ROCK, Texas (AP) – Dell has delayed Thursday's vote on founder Michael Dell's plan to take the slumping computer maker private in a sign the board needs more time to rally support.

14. Shareholders Voting on $24.4 Billion Dell Buyout -

DALLAS (AP) – Dell Inc. is making a late push to win shareholder support for founder Michael Dell's plan to take the slumping computer maker private, an indication that Thursday's scheduled vote could be close.

15. Icahn, Southeastern Challenge Dell Takeover Plan -

One of the biggest critics of Michael Dell's plan to take the company he founded private has launched a fresh challenge to that $24.4 billion bid and says the slumping PC maker needs new leadership.

16. Southeastern Asset Management Favors Recent Dell Buyout Offers -

MEMPHIS (AP) – A major Dell shareholder is urging the slumping personal computer maker's board to scrap a $24.4 billion deal to sell the company to a group including CEO Michael Dell and pursue two competing bids instead.

17. Dell Board Will Deal With Icahn, Blackstone -

Michael Dell may have to hike the price he's willing to pay if he wants to take the computer company he founded private, thanks to competition from two new acquisition offers.

A special committee of independent Dell Inc. directors said Monday that it will negotiate with buyout specialist Blackstone Group and activist investor Carl Icahn over bids that rival an offer of more than $24 billion from CEO and Chairman Michael Dell and Silver Lake Partners.

18. Breweries Launch 'High Tax Ale' to Urge Change -

NASHVILLE (AP) – A special joint offering from Tennessee craft brewers Yazoo and Calfkiller features an unusual sales pitch to beer aficionados: "Now With Even More Taxes!"

The new product going on sale this week is the latest effort among brewers to draw attention to Tennessee's highest-in-the-nation tax scheme for beer, which high-end brewers argue disproportionately affects their ability to compete.

19. Motel 6 Being Sold to Private Group for $1.9B -

NEW YORK (AP) – French hotel company Accor SA is checking out of Motel 6 and a prominent U.S. investment firm is moving in.

Accor said Tuesday that it reached a deal to sell the U.S. motel company, including its extended-stay chain Studio 6, to The Blackstone Group LP for $1.9 billion.

20. 2008 Model Predicts Effects of Airline Mergers -

Two years ago, a trio of economics professors at Stanford University’s Graduate School of Business, checked in on a model they built in 2008 to measure and predict the long-term effects of U.S. airline mergers on specific markets, including Memphis.

21. Deal Expected Soon for Morgan Keegan -

Regions Financial Corp., the company whose bank has the No. 2 spot in Memphis when ranked by customer deposit share, reports third-quarter earnings Oct. 25.

22. Regions Fin. Shareholder Dumps Half its Shares -

At the same time Regions Financial Corp. races to complete a deal to sell its Memphis-based investment banking unit, one of the Alabama-based bank’s largest shareholders has dumped almost half its shares.

23. Morgan Keegan Has Another Potential Buyer -

Financial broker MF Global is another name that’s emerged as a potential buyer for Morgan Keegan & Co. Inc., sources have told The Financial Times.

24. Morgan Keegan Details Could Come Soon -

Regions Financial Corp. CEO Grayson Hall said during Regions’ second quarter earnings conference call Tuesday, July 26, that details would be forthcoming soon about the Memphis-based investment banking franchise Regions put on the auction block in June.

25. Morgan Keegan Bid Deadline Arrives -

Monday, July 25, was reportedly a deadline for Regions Financial Corp. to get initial bids for the Memphis-based investment bank Regions put on the auction block in June.

26. Bids for Morgan Keegan Coming Monday -

Regions Financial Corp. will reportedly get initial bids on Monday, July 25, from several major firms for the Memphis-based investment banking and capital markets business that Regions put on the auction block in June.

27. Smith & Nephew Rumors Continue to Swirl -

Despite Smith & Nephew’s attempts to quash rampant rumors that it’s being targeted for takeover, Wall Street seems to be sticking with the maxim that where there’s smoke, there’s fire.

28. Moving Forward -

As the commercial real estate market remained soft in 2010, a handful of major deals – including some to close the year – indicated light at the end of the tunnel.

The year ended with the top retail investment sale of the year when Loeb Properties Inc. bought Park Place Centre from Belz Enterprises Inc. for $10.3 million.

29. Blackstone-Affiliated LLCs Buy Warehouses for $22M -

4460 E. Holmes Road
Memphis, TN 38118
Sale Amount: $12.1 million

Sale Date: Dec. 8, 2010
Buyer: BRE/EX TN Properties LLC
Seller: Exeter 4460 Holmes LLC
Loan Amount: $18.4 million
Loan Date: Dec. 10, 2010
Maturity Date: n/a

30. Blackstone Group Affiliate Buys Warehouses for $22M -

A limited liability company affiliated with the N.Y.-based Blackstone Group LP has bought warehouses in Airport Industrial Park for $22 million total.

31. Report: AOL, Buyout Firms Mulling Bid for Yahoo -

SAN FRANCISCO (AP) – Yahoo Inc.'s inability to snap out of a financial funk may be about to turn the embattled Internet company into a takeover target for the second time in less than three years.

32. Bank of America Taps Ex-Northrop Exec for CFO Post -

CHARLOTTE, N.C. (AP) - Bank of America said Wednesday it named an outsider, former Northrop Grumman executive Charles H. Noski, as its chief financial officer.

Bank of America Corp. was expected to bring in leaders from outside as it tries to improve relations with regulators, handle investigations into the bank's purchase of Merrill Lynch, and restore shareholder morale.

33. Florida's BankUnited Fails, Will Cost FDIC $4.9B -

WASHINGTON (AP) - The federal seizure of struggling Florida thrift BankUnited FSB is expected to cost the Federal Deposit Insurance Corp. $4.9 billion, representing the second-largest hit to the FDIC's insurance fund since the financial crisis began felling banks last year.

34. Starwood Hotels Accuses Hilton of Stealing Secrets -

NEW YORK (AP) - Starwood Hotels & Resorts Worldwide Inc. is suing Hilton Hotels Corp. and two of its executives, saying its rival stole secrets about Starwood's luxury brands.

35. Wal-Mart's Sam's Club Names New CEO -

NEW YORK (AP) - Wal-Mart Stores Inc. announced Monday that Brian C. Cornell, most recently chief executive at arts and crafts chain Michaels Stores Inc., will be the new president and CEO of its Sam's Club warehouse division.

36. Cash-Rich Sovereign Funds Make New Investments -

WASHINGTON (AP) - Government investment funds from China and Qatar are moving new money into Western financial companies, a sign that the cash-rich funds haven't completely pulled back from the volatile U.S. and European markets.

37. Hickory Hill Stakeholders Steaming Over Property's Neglect -

Atlanta developer Keven R. Patterson made his first attempt to enter the Memphis market four years ago when he and a group of investors, Water Gardens LLC, bought the Marina Cove apartment complex on Winchester Road for $1.6 million.

38. Study: Tough CEOs Often Most Successful -

What are the traits that chief executives of successful companies share? A new study suggests that hard-nosed personal virtues such as persistence and efficiency count for more than "softer" strengths like teamwork or flexibility.

39. Hilton Hotels Shareholders Approve Company's Sale for $20.1B to Blackstone Group -

LOS ANGELES (AP) - Hilton Hotels Corp. shareholders overwhelmingly approved the company's $20.1 billion sale to The Blackstone Group LP, the hotel operator said Tuesday.

More than 98 percent of votes cast at a special shareholder's meeting held at the Beverly Hilton hotel favored the buyout, the company said.

40. Buyers for Distressed Mortgage Debt are Scarce, But They Exist, Despite Market Downturn -
NEW YORK (AP) - Three companies swept up in the struggling credit markets said Monday they sold pieces of themselves or their investments to fund ongoing operations, underscoring how tight those markets still are despite government intervention last week.

41. Blackstone Cements StatusWith Hilton Purchase -      Fresh off a $4.1 billion initial public offering, private-equity house Blackstone Group solidified its position as a power to reckon with on Wall Street with a multibillion dollar deal that gives the company control over

42. Archived Article: Daily Digest - Wal-Mart raises

Wal-Mart raises

same-store forecast

Wal-Mart Stores Inc. officials said sales growth in August could be the strongest in more than a year after back-to-school demand proved better than expected.

During a sales update for ...

43. Archived Article: Stokes Bartholomew P.2 - Tax firm to merge with Stokes Bartholomew Tax law firm merges with Stokes Bartholomew Stokes Bartholomew Evans & Petree and Holton Goodman & Blackstone of Nashville, Tenn., announced the two firms have joined practices, effective July 1. Ric...

44. Archived Article: Mid-america - WMF Creates a $195 Million Credit Facility for Mid-America Apartments, Part of a $290 Million Commitment in 1999 Mid-America secures credit for future growth WMF Washington Mortgage Corp., part of The WMF Group, announced approval of a $195 million ...

45. Archived Article: Memos - Promus Names New Development Ronald C. Muzii Jr. has been named vice president of development for Promus Vacation Resorts. Muzii was formerly president of Innovative Hospitality Group Inc. in Miami. He is a graduate of Cornell University. B. Ted Ham...

46. Archived Article: Idg - By LAURIE JOHNSON IDG acquires Memphis machine tool distributor By LAURIE JOHNSON The Daily News Industrial Development Group Inc., an Atlanta-based supplier of machine tool parts and services, has closed a deal to buy Cardinal Machinery Inc., its s...

47. Archived Article: Back - Industrial Distribution Group Completes Acquisitions Of E Distribution group buys E.C. Blackstone Industrial Distribution Group Inc. has completed the acquisition of three distributors of industrial maintenance, repair, operating and production prod...

48. Archived Article: Ec Blackstone - Atlanta company to acquire E Atlanta company to buy local industrial distributor By CAMILLE H. GAMBLE The Daily News An Atlanta industrial distribution company announced Wednesday it will acquire three distributors of industrial maintenance, repair,...