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Editorial Results (free)

1. Trump Team Eyes Public Asset Sales to Pay for Infrastructure -

WASHINGTON (AP) – The Trump administration is eyeing plans to encourage the sale of public assets, such as airports and bridges, to help pay for a $1 trillion overhaul of the nation's aging infrastructure, an administration official said Wednesday.

2. Medical District Apartments Sell for $5.2 Million -

A medical district apartment switches hands in a multimillion-dollar deal, a Downtown developer plans an apartment complex near FedExForum, and a California investor buys a local industrial portfolio. Details in this week’s Real Estate Recap...

3. Council Sets Stage for Raise, Keeps Railgarten and Cuts Beale Cover -

Memphis City Council members approved Tuesday, May 23, a 1 percent across the board pay raise for all city employees setting the stage for a final vote on budget matters at the June 6 council session.

4. Commission Wades Into TIFs, Minority Businesses -

Shelby County Commissioners took a dive into the technical Monday, May 22, on several fronts in county government.

The commission approved a tweak in an economic impact plan for the Lake District development in Lakeland. The mixed-use development is to include hotels, retail, office uses, assisted living and restaurants. The public improvements or infrastructure are financed with a tax increment finance, or TIF, district that amounts to an increment of the property taxes – Lakeland and Shelby County – paid by the owners of the district.

5. 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.”

6. County Certified Property Tax Rate Comes In At $4.13 -

Shelby County Commissioners set the certified county property tax rate at $4.13 Monday, May 22, a 24-cent drop from the current tax rate of $4.37.

The resolution approved reflects the state-approved estimate of a tax rate that will produce the same amount of revenue for county government as the current tax rate once new property values from the 2017 countywide property reappraisal are factored in.

7. Paragon Bank Reports Strong Q1 Earnings -

Paragon Bank grew its net income 57 percent over the first quarter of 2016, according to first-quarter earnings numbers released Monday, May 22.

8. Council Faces Railgarten, Beale Bucks, Police Overtime -

Memphis City Council members have a rare evidentiary hearing Tuesday, May 23, at the top of their agenda on an unusual development case the council approved several months ago.

The council holds an evidentiary hearing on the Railgarten bar and restaurant on Central Avenue east of Cooper Street that the council granted a special use permit for. The council moved to possibly revoke that permit after Railgarten added some intermodal containers and an outside area to the development.

9. Hardy: EDGE’s MWBE Program Not Working -

The chairwoman of the Greater Memphis Chamber board said first indications are that minority business requirements in tax breaks awarded by the Economic Development Growth Engine – or EDGE – aren’t working.

10. Downtown Apartment Developer Seeks $18M in Permits -

Elmington Capital Group is ready to continue its spree of Downtown multifamily development.

The Nashville-based company, doing business as ECG Forum GP LLC, is seeking four building permits totaling $18.2 million to construct apartments southeast of FedExForum.

11. 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.”

12. Wunderlich Securities Acquired by LA Firm in $67M Deal -

Memphis-based investment firm Wunderlich Securities Inc. will be acquired by a publicly traded Los Angeles-based financial services firm, B. Riley Financial, in a $67 million deal expected to close in June.

13. 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.

14. 'War' on Blight -

Attorney Steve Barlow has been working on blight issues for 20 years, which is to say he’s been working for two decades almost exclusively on the maze of rules, regulations and procedures that make blight possible and sustainable.

15. 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.

16. Inner City Health Care Company Earns PILOT for Expansion -

A health care company serving lower-income areas of South Memphis with a limited range of services has been granted a 15-year payment-in-lieu-of-taxes (PILOT) incentive by the Economic Development Growth Engine board to provide more expansive service.

17. Online Platform Tracks Economic Development Goals -

The Tennessee Department of Economic and Community Development has launched a new online platform that provides the public with information measuring the department’s strategic objectives.

The platform features 40 interactive dashboards that track key performance measures related to TNECD’s long-term strategic plan. The department has set all of these goals for 2025:

18. Faropoint Acquires Massive Industrial Portfolio for $33.1M -

Looking to continue its recent trend of bullish activity in the Memphis market, Faropoint Ventures has acquired a 1.1-million-square-foot industrial portfolio for $33.1 million. Details on that and more commercial real estate news in this week's Real Estate Recap...

19. 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.

20. New Documentary Tells Story of Tobey Skate Park -

A new documentary on the 6-year-old Memphis Skate Park at Tobey Park takes a look at skate culture in Memphis and the struggle to get the park to reality after securing a grant that ran out and then securing city capital funding for it.

21. Cyberattack Wave Ebbs, But Experts See Risk of More -

LONDON (AP) – The "ransomware" cyberattack that has hit companies and governments around the world ebbed in intensity on Monday, though experts warned that new versions of the virus could emerge.

22. Privatization Opposition Renewed as No Bids Come in for Falls Creek Falls Project -

The lack of bidders for a $20 million inn reconstruction project at Fall Creek Falls could spur legislative hearings this summer on parks funding and privatization amid growing lawmaker concern about the governor’s outsourcing plans.

23. Philadelphia Investor Buys Memphis Portfolio for $6M -

Philadelphia-based real estate investment firm Odin Properties, doing business as Medley Apartments, has purchased four multifamily properties from Asia Capital Real Estate for a combined $6 million, according to paperwork filed with the Shelby County Register of Deeds.

24. Last Word: Weekend Sonic Boom, CLERB's Response and Irvin Salky -

Yes, those were the United States Navy Blue Angels buzzing Downtown Thursday afternoon in advance of their appearance at the Memphis Airshow Saturday and Sunday in Millington. That sound you heard after the flyover wasn’t a sonic boom. I don’t think they have those anymore. It was the sound of a really busy weekend following close behind.

25. Soaring Costs -

With more than 800 million passengers zipping through U.S. airports in 2016 and air cargo accounting for more than one-third of the world’s trade by value, the nation has become increasingly dependent on air travel to stay competitive. But what sometimes get lost is the amount of upkeep needed to maintain the infrastructure of these self-contained cities.

26. Tennessee State Park Outsourcing Push Draws No Bidders -

NASHVILLE, Tenn. (AP) – A push by Gov. Bill Haslam's administration to outsource hospitality services at a Tennessee state park has drawn no bidders.

Tennessee Department of Environment and Conservation spokeswoman Kim Schofinski told the Chattanooga Times Free Press (http://bit.ly/2r5WzL9 ) on Wednesday that no one bid on the proposal at Fall Creek Falls State Park, located on the Upper Cumberland Plateau in Van Buren and Bledsoe counties.

27. Blight Summit to Mark Progress, Challenges -

When the leaders of the city’s anti-blight effort gather at Clayborn Temple for their second annual summit Wednesday, May 17, on the next block south of the church will be an example of work still to be done.

28. House Committee Postpones Action on Short-Term Rentals -

A day after the House targeted Nashville with a tough bill on short-term rentals, the Senate deferred action on legislation blocking the Metro Council from enacting any prohibitions.

The Senate Finance, Ways and Means Committee postponed a bill by Sen. John Stevens until January 2018, ending the debate this year on a measure singling out Davidson County efforts to restrict short-term rentals such as Airbnb.

29. New Bookstore Called Novel Coming to Laurelwood in August -

It didn’t turn out exactly like Emmett Miskell hoped it would, but he nevertheless got what he and other book lovers in Memphis wanted in the end.

Miskell – a White Station High School senior who gathered signatures to try and save the doomed Booksellers at Laurelwood, Memphis’ largest independent bookstore that closed its doors a few months ago – said he’s thrilled with news that a replacement store of sorts is coming to the same space.

30. Snap's Elusive Task: Evading Facebook's Looming Shadow -

NEW YORK (AP) – Facebook has been bent on copying Snapchat ever since the social media giant tried unsuccessfully in 2013 to buy what was then an ephemeral photo-messaging app.

Now, the company behind Snapchat is bent on becoming more like its bigger rival – at least when it comes to success – by courting new users and with them, advertisers.

31. Last Word: Council Day Issues, 'A Man Of Color' and East Memphis 'Novel' -

A busy day at City Hall Tuesday by the City Council agenda and by at least one completely unplanned moment during council budget committee sessions. It was so busy that at the start of Tuesday’s council session, chairman Berlin Boyd couldn’t find his gavel and technical glitches prompted him to ask for a can of WD-40. Throw in a visit to City Hall by civil rights leader Rev. Jesse Jackson and you have our comprehensive same night rundown of how it went and for whom it went.

32. 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.

33. Commission Chair: Not Enough Votes To Pass Tax Cut -

Shelby County Commission budget chairman Steve Basar doesn’t count seven votes on the commission at this point for a cut in the county property tax rate.

“I don’t think there’s seven votes right now to go lower than the certified tax rate,” Basar said Monday, May 8, following a weekend budget summit among commissioners at Shelby Farms Park.

34. Hamilton Named Development Director At Wolf River Conservancy -

Kelsey Hamilton has been promoted to director of development at the Wolf River Conservancy. Hamilton joined the conservancy in October 2014 as associate director of development.

In her new role, she works to ensure that fundraising goals are met at the conservancy, an accredited land trust that has protected over 16,000 acres of the Wolf River watershed since its founding in 1985. Specifically, she oversees annual giving, membership, corporate giving and events, and works alongside chief development officer Barbara Kabakoff to assist with the capital campaign for the Wolf River Greenway project.

35. Last Word: Railgarten Redux, Raleigh Springs Mall and Forrest Author Speaks -

Railgarten II, Son of Railgarten, Railgarten, Beyond the Board of Adjustment, Railgarten, Enter The City Council … Take your pick of sequel titles. Railgarten goes back to the City Council Tuesday for at least a committee discussion in which the council considers whether it should take back the special use permit it granted the bar-restaurant. This is a follow up to the Board of Adjustment decision last month to delay any action on approving the other annexes of the business for 30 days.

36. Memphis City Council Could Act to Revoke Railgarten's Permit -

Memphis City Council members are considering a hearing that could lead to revoking the special-use permit that allowed the Midtown restaurant/bar Railgarten to open just last month.

The council approved a special-use permit for Railgarten on Central Avenue east of Cooper Street, but code enforcement officers closed down two annexes to the business using intermodal containers shortly after it opened in April to large crowds.

37. First Tennessee Gets High Marks in Customer Satisfaction Survey -

Employees of First Tennessee Bank’s parent company got a company-wide email Thursday, May 4, that began: “This morning we are announcing the largest merger in our history.”

38. Beyond Tax Bottom Line, County Budget Goes Deep -

On a sunny and clear opening weekend for the Memphis In May International Festival, Shelby County commissioners were in a conference room with a lake view at Shelby Farms Park crunching budget numbers.

39. US Jobs Data Show Some Scars From Recession Finally Healing -

WASHINGTON (AP) – A burst of hiring in April provided reassurance for the U.S. economy after a slow start to the year: Job growth returned to a healthy pace. Unemployment hit a decade low. And the number of part-time workers who want full-time jobs reached its lowest point in nine years.

40. 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.

41. Tennessee House Abandons Amendments Before Approving State Budget -

Putting a day of acrimony behind it, the House of Representatives overwhelmingly passed a $37 billion budget plan on Friday, May 5, stripping away nearly $320 million in amendments placed on it the previous day.

42. Republican In-fighting in Tenn. House Stirs Up Budget Mess -

The House of Representatives adjourned in apparent disarray Thursday, May 4, after arguing over amendments to a $37 billion budget plan, some saying discord stemmed from votes on the governor’s IMPROVE Act.

43. GOP-Led House Panel Votes to Overhaul Dodd-Frank -

WASHINGTON (AP) – House Republicans took a major step toward their long-promised goal of unwinding the stricter financial rules created after the 2008 crisis, pushing forward sweeping legislation that would undo much of President Barack Obama's landmark banking law.

44. 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.

45. Robinson Gives Mariota Weapons for Success -

Just when we think we’ve figured out Titans G.M. Jon Robinson, he reinvents himself.

On the first night of the recent NFL Draft, we assumed Robinson would play it safe, trading the No. 5 overall pick to acquire more draft capital.

46. Boyd: Memphis Public Safety Spending Out of Balance -

Memphis City Council chairman Berlin Boyd says the city budget is lopsided when it comes to its priorities.

And Boyd called Wednesday, May 3, for a shift away from public safety spending – specifically city spending on police – the largest single part of the operating and capital budgets as well as the largest division in city government.

47. First Horizon Buying North Carolina Bank for $2.2 Billion -

The parent company of First Tennessee Bank is buying Charlotte, North Carolina-based Capital Bank Financial Corp., a $10 billion institution that will create the fourth-largest regional bank in the Southeast.

48. Last Word: Three Gs React, More CA Changes and the Forrest Controversy Defined -

The day after Germantown leaders offered his school system $25 million for Germantown Elementary, Middle and High Schools, SCS superintendent Dorsey Hopson was fielding calls from parents of students at the schools – the “three Gs” as they are known.

49. Survey: US Businesses Added Solid 177,000 Jobs in April -

WASHINGTON (AP) – U.S. businesses added 177,000 jobs last month, a private survey found, a solid gain that suggests the economy is still expanding despite recent signs of slower growth.

50. Apple’s Growing Cash Stash Spurs Talk of Huge Acquisition -

SAN FRANCISCO (AP) – As Apple's stash of cash grows, so does the possibility that the world's most valuable company will use some of the money for a huge acquisition that would expand its empire beyond iPhones and other gadgets.

51. 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

52. Eighteen Startup Teams Set to Begin ‘Summer of Acceleration’ in Memphis -

Eighteen startup teams this week have kicked off the “Summer of Acceleration,” the season of joint accelerator programming across six startup accelerators overseen by the EPIcenter, Memphis Bioworks and Start Co.

53. Council Moves to Operating Budget Examination -

Memphis City Council members open budget hearings Thursday, May 5, on Memphis Mayor Jim Strickland’s $680 million operating budget proposal for the fiscal year that begins July 1.

54. Dream About to Become Reality at Youth Villages -

Earlier this week, Youth Villages CEO Patrick Lawler presided over the groundbreaking of a $22 million expansion at the Bartlett campus that will result in a 148,000-square-foot center designed to enhance the treatment of the community’s most at-risk and vulnerable youth.

55. Luttrell Shuns Tax Cut In Proposed $1.2B Budget -

Shelby County Mayor Mark Luttrell has taken a $1.2 billion consolidated county government budget proposal to the Shelby County Commission that would maintain a stable property tax rate but shift a part of the tax rate to establish a capital projects pay-as-you-go fund.

56. Luttrell Proposes $1.2 Billion County Budget with Stable Tax Rate -

Shelby County Mayor Mark Luttrell has taken a $1.2 billion consolidated county government budget proposal to the Shelby County Commission that would maintain a stable property tax rate but shift a part of the tax rate to establish a capital projects pay-as-you go fund.

57. Council Opens City Hall Budget Season -

With an eye on the clock in the City Council committee room and rap of a gavel, council budget committee chairman Edmund Ford Jr. opened city budget hearings Tuesday, May 2.

“This is going to be kind of boring,” Ford said of the two afternoons spent by the committee on Memphis Mayor Jim Strickland’s capital budget -- $158.9 million in spending on one-time non-recurring items, mostly construction projects done in several phases over several years.

58. 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.

59. Luttrell Presents Proposed Budget to County Commission -

Shelby County Mayor Mark Luttrell will present his budget proposal to Shelby County Commissioners during committee sessions Wednesday, May 3.

60. 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.

61. Thompson Securing Funds For Ballet Memphis’ Future -

Amelia Thompson has joined Ballet Memphis as development associate. In her new role, she works on the administrative side of the organization to generate and secure funding for Ballet Memphis’ daily annual operating budget as well as its capital campaigns.

62. The Week Ahead: May 1-7 -

Happy Monday, Memphis! May has arrived, which means it’s time to kick off the Memphis in May International Festival with the always-popular Beale Street Music Festival – and that’s just one of the events music lovers will enjoy this week. Plus, check out where to celebrate Star Wars fans’ favorite holiday and other happenings you need to know about in The Week Ahead... 

63. Start Co. Teams Hit Key Business Milestones -

Six of Start Co.’s alumni teams hit major business milestones recently.

The teams participated in the summer accelerator programs in 2013, 2014 and 2015 as well as participating in post-acceleration activities to continue to build their businesses.

64. Neighborhood Preservation Awards $10K to MLK Prep -

Neighborhood Preservation Inc. has awarded Frayser Community Schools, the charter school company that operates Martin Luther King Jr. College Preparatory High School in Frayser, a $10,000 grant to improve the baseball field and other athletic and recreational facilities on the high school’s campus, 1530 Dellwood Ave.

65. Economy In Flux -

With apologies to Dickens’ “A Tale of Two Cities,” for the professionals who follow economics for a living this is very much the best of times and the worst of times.

The moment is one of abundant optimism and rampant uncertainty. “Directionally,” they like to say, things look positive. And yet so much could still go very, very wrong.

66. MATA Prepares Case for $30M Increase To Fund Bus System Improvements -

Probably by the end of the summer, a group pushing for $30 million in additional funds for the Memphis Area Transit Authority will be making the case to the public to raise that dedicated source of funding.

67. RegionSmart Speakers Tout Importance of 'Lovable' Cities -

Do you love your city? That was author Peter Kageyama’s opening question Thursday, April 27, to his audience at the second annual RegionSmart Summit, hosted by the Mid-South Mayors’ Council.

68. Last Word: Election Day, Game 6 and School Vouchers Get Rolled -

Intermission in the NBA playoffs as tipoff of Game 6 approaches Thursday evening at the Forum. Look at all of the clouds as the lights dimming and letting you know it’s time to take your seats for the show that is reigniting the local passion for basketball.

69. Germantown Village Square Sells for $29.3 Million -

7670 Poplar Ave.
Germantown, TN 38138

Sale Amount: $29.3 million

Sale Date: April 24, 2017 

Buyer: PEBB Enterprises

70. Activist Investor Gets 2 Fred’s Board Seats -

The yellow sign near the corner of Summer Avenue and White Station reads: Fred’s Pharmacy. It’s a physical representation of the Memphis-based discount retailer repositioning itself away from its retail legacy and doubling down on its health care-related and pharmacy offerings.

71. City of Memphis Budget Could Face Bumpy Road -

Memphis City Council budget hearings begin Tuesday, May 2, at City Hall starting with Mayor Jim Strickland’s $77.8 million capital budget proposal for one-time spending on construction projects and similar expenses that are normally financed with bonds.

72. Last Word: Popovich's Tip, Strickland's Budget and Haslam's Jump Start on Roads -

Game 5 goes to the Spurs in San Antonio 116-103 over the Grizz who are back here Thursday. Spurs coach Gregg Popovich is not effusive in his comments to the media, which is fun to watch, but it does make tracking down and veryifying this next story a bit difficult. A credit card receipt showed up on Redditt that appears to show Popovich left a $5,000 tip on an $815.73 bill at McEwen’s Friday night between the two Memphis-based playoff games.

73. Strickland Delivers $680 Million Operating Budget to Council -

Memphis Mayor Jim Strickland delivered a $680 million city government operating budget proposal to the Memphis City Council Tuesday, April 25, with no property tax increase and no use of city reserves to balance it.

74. Neighborhood Preservation Awards $10K to MLK Prep -

Neighborhood Preservation Inc. has awarded Frayser Community Schools, the charter school company that operates Martin Luther King Jr. College Preparatory High School in Frayser, a $10,000 grant to improve the baseball field and other athletic and recreational facilities on the high school’s campus, 1530 Dellwood Ave.

75. Germantown Village Square Sells for $29.3 Million -

A Boyle Investment Co. real estate investment fund has sold Germantown Village Square to PEBB Enterprises, a private equity firm based in Boca Raton, Florida, for $29.3 million.

76. Boyle Investment Fund Sells Germantown Village Square for $29.3M -

A Boyle Investment Co. real estate investment fund has sold Germantown Village Square to PEBB Enterprises, a private equity firm based in Boca Raton, Florida, for $29.3 million.

77. Nearing 100 Days, Trump Says His Presidency is 'Different' -

WASHINGTON (AP) – For nearly 100 days, President Donald Trump has rattled Washington and been chastened by its institutions.

He's startled world leaders with his unpredictability and tough talk, but won their praise for a surprise strike on Syria.

78. Start Co. Teams Hit Key Business Milestones -

Six of Start Co.’s alumni teams have hit major business milestones recently.

The teams participated in the summer accelerator programs in 2013, 2014 and 2015 as well as participating in post-acceleration activities to continue to build their businesses.

79. Izakaya Ceasing Operations In Nineteenth Century Club -

Izakaya, the once-promising Asian fusion restaurant located in the recently renovated Nineteenth Century Club building, announced it will be closing for good just four months after its grand opening.

80. Southeast Memphis Office Sells for $8.3 Million -

A Nashville-based company has purchased its second Memphis office property in a week.

Priam Capital, doing business as 8700 Trail Lake LLC, bought the 60,000-square-foot Tournament Trails building in southeast Memphis from Tournament Trails Office Building I LLC for $8.3 million, according to a warranty deed filed with the Shelby County Register of Deeds Wednesday, April 17.

81. 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.

82. Target-Date Funds and Taxes -

Ray’s Take Target-date funds are mutual funds that contain a collection of other mutual funds that are designed to invest aggressively at the beginning and, over a long time horizon, move money into progressively more conservative holdings as the target date approaches.

83. 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.

84. Corker Sees Trump Foreign Policy Evolving, Not Moderating -

U.S. foreign policy should be to “keep the volume up” on North Korea’s progress in developing a nuclear capability and intercontinental ballistic missiles, says U.S. Sen. Bob Corker, “with the acknowledgement that what you could bring in is Russia, China, South Korea and Japan into a conflict.”

85. Southeast Memphis Office Sells for $8.3 Million -

A Nashville-based company has purchased its second Memphis office property in a week.

Priam Capital, doing business as 8700 Trail Lake LLC, bought the 60,000-square-foot Tournament Trails building in southeast Memphis from Tournament Trails Office Building I LLC for $8.3 million, according to a warranty deed filed with the Shelby County Register of Deeds Wednesday, April 17.

86. East Memphis Office Sells for $17 Million -

6055 Primacy Pkwy.
Memphis, TN 38119

Sale Amount: $17 million 

Sale Date: April 11, 2017

87. Memphis Office Market Off to Good Start -

Though small to mid-sized leases comprised the majority of leasing activity, the Memphis area office market got off to a healthy start in 2017, according to Cushman & Wakefield/Commercial Advisors’ first quarter Marketbeat report.

88. Izakaya Ceasing Operations In Nineteenth Century Club -

Izakaya, the once-promising Asian fusion restaurant located in the recently renovated Nineteenth Century Club building, announced it will be closing for good just four months after its grand opening.

89. Shelby County Commissioners Pledge to ‘Push It’ on Minority Business Contracts -

Shelby County commissioners took a hard line Monday, April 17, on increasing the share of county government contracts for minority and locally owned businesses now that it has a plan for tackling a documented disparity for such contracts.

90. Izakaya to Close Saturday -

Izakaya, the once-promising Asian fusion restaurant located in the recently renovated Nineteenth Century Club building, announced it will be closing for good just four months after their grand opening.

91. Nucor Steel, Rice Manufacturer Seek Memphis Incentives -

Two companies have filed applications with the Economic Development Growth Engine for Memphis and Shelby County for tax incentives that would allow them to expand operations in the Mid-South.

Nucor Steel Memphis and Ebrofrost North America are both seeking PILOTs (payment-in-lieu-of-taxes) that would result in a combined investment of $34 million and 31 net new jobs, according to their respective applications.

92. Memphis Basketball Adding More Junior College Players; Bill Self Mum on K.J. Lawson -

With only two returning scholarship players from last season’s team, University of Memphis basketball coach Tubby Smith continues to mine the junior college ranks for players he hopes can contribute immediately.

93. Arkansas' Multiple Execution Plan Appearing to Unravel -

LITTLE ROCK, Ark. (AP) – Arkansas' already compromised plan to execute eight men by the end of the month appeared to unravel Friday, with a judge blocking the use of a lethal injection drug and the state's highest court granting a stay to one of the first inmates who had been scheduled to die.

94. Oden to Rehab Building Downtown for New HQ -

The Center City Revenue Finance Corp. has approved an eight-year PILOT (payment-in-lieu-of-taxes) for Oden & Associates Inc., a locally owned marketing firm, to turn a vacant 77-year-old warehouse two blocks from the FedExForum into its headquarters.

95. Airport Releases New Strategic Overview -

The Memphis-Shelby County Airport Authority released a new Strategic Overview for the next five years, which serves as a comprehensive plan to implement improvements in all airport operations.

The Strategic Overview, which was last updated in 2015, is broken down into nine categories: physical/terminal, environment, properties/cargo, airfield, communications and reputation, air service, business model/finance, human capital management, and general aviation – each with its own one-, three- and five-year goals.

96. Memphis City Council OKs Sale of Sheraton Hotel -

The Memphis City Council on Tuesday, April 11, approved Host Hotels & Resorts LP’s $67 million sale of the Sheraton Memphis Downtown convention center hotel to LMS Real Estate Investment Management LLC, a newly formed joint venture between Schulte Hospitality Group and Starwood Capital Group.

97. Commission Moves Closer to Budget Season -

Shelby County commissioners aren’t at budget season just yet, but there are already indications that it is going to be about capital spending.

Commissioners already have a detailed look at what Shelby County Schools will be looking for in the way of funding. And the commission will vote Monday, April 17, on a change in plans for a proposed $120 million refinancing of the county’s capital bond debt.

98. Lack of New Homes is Missing Piece to Memphis' Housing Puzzle -

There is a lot to like about the Memphis housing market right now. With home sales up 13 percent and average sale prices up 5 percent through the first quarter of 2017, things are finally looking up for one of the hardest-hit cities in the nation during last decade’s housing crisis.

99. Primacy II Office Building Sells for $16.6 Million -

Primacy II, a 123,265-square-foot East Memphis office building at 6055 Primacy Parkway, has sold to Nashville-based Priam Capital for $16.6 million.

100. East Memphis Office Sells for $17M -

Primacy II, a 123,265-square-foot East Memphis office building, has a new owner thanks to a huge $17 million deal.

Nashville-based Priam Capital purchased the office building located at 6055 Primacy Parkway near the intersection Ridgway Road and Park Avenue from The Southland Companies for $16.6 million, according to a warranty deed filed with the Shelby County Register of Deeds April 11.