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Editorial Results (free)

1. Midlife Look at Insurance Needs -

Ray’s Take: Life insurance is an important part of most overall financial plans. Replacing the capital value of the significant providers is critical should they not be able to provide. Owning the right insurance for the right price at the right time in your life is a crucial element to your financial well-being.

2. New Small Cars Unveiled at Auto Show, But Will Anyone Buy? -

DETROIT (AP) – Among the many shiny models vying for attention at Detroit's North American International Auto Show are the revamped Volkswagen Jetta, Hyundai Veloster and Kia Forte.

But cars – particularly small ones – are having a tough time getting buyers to look their way as SUVs grow in popularity.

3. Memphis Hilton Sale, New FedEx Hub Building Highlight Busy Week -

939 Ridge Lake Blvd.

Memphis, TN 38120

Sale Amount: $31 million

Sale Date: Jan. 3, 2018

Buyer: Linchris Hotel Corp.

Seller: Davidson Hotels and Resorts

4. Priam Purchases Primacy Parkway Property for $14M -

Nashville-based- Priam Capital has secured another East Memphis office property in a multimillion dollar deal.

In the deal, Priam Capital, doing business as Primacy III LLC bought the 130,000 square foot office building from Lone Star Funds doing business as LSREF2 Newtown for $14.1 million, according to a Jan. 9 warranty deed filed with the Shelby County Register.

5. City Council Rejects MLGW Gas, Electric Rate Hikes -

Memphis City Council members voted down proposed electric and gas rate hikes Tuesday, Jan. 9, but left the door open to reconsider that.

Approval of Memphis Light, Gas and Water Division’s annual budget, which is based in part on such rate revenue, was delayed for two weeks.

6. The Lane Ahead -

His first vision, Trey Moore says, was to become a “film and video type guy.” He had graduated Southaven High School, earned a communications degree at Memphis State, but didn’t have designs on going all-Hollywood.

7. Council Rejects MLGW Gas, Electric Rate Hikes, Dumps Frayser Landfill -

Memphis City Council members voted down proposed electric and gas rate hikes Tuesday, Jan. 9. But they left the door open to either reconsidering that or some shorter term rate hikes by delaying for two weeks approval of Memphis Light Gas and Water Division’s annual budget.

8. Companies Boost Wages and More Post-Tax Reform -

Dozens of companies, many with ties to Memphis, have pledged a series of actions that include one-time employee bonuses, charitable spending and 401(k) contribution increases, among other steps, in response to savings they expect to see from recently enacted Republican tax cuts.

9. Memphis Experts See Economic Growth Building Off 2017 Into 2018 -

With resolutions made and the new year now, another annual exercise rises to the forefront – predictions on what Memphis and its economy can expect in 2018.

If 2017 taught us anything, it’s that there’s so much we won’t be able to even remotely see coming, from Memphis bidding to become the potential home for Amazon’s second headquarters to action finally being taken on the Confederate monuments in city parks and so much more.

10. Gibson Guitar Factory Property Fetches $14.1M, New Midtown Tiki Bar Opening Soon -

145 Lt. George W Lee Ave.

Memphis, TN 38103

Sale Amount: $14.1 million

Sale Date: Dec. 27, 2017

Buyer: Somera Road Inc., Tricera Capital

11. Citing US Tax Reform Bill, First Horizon Pays Bonuses -

First Tennessee Bank’s parent company has joined other major U.S. employers like AT&T and Comcast in pledging bonuses for employees in the wake of the recent tax reform legislation passed by Congress.

12. Gibson Guitar Factory Sold for $14.1 Million -

A warranty deed filed Dec. 27 with the Shelby County Register of Deeds shows that buyers paid $14.4 million for the Gibson Guitar Factory property in Downtown Memphis.

The Daily News first reported that investment firms Somera Road Inc. of New York and Tricera Capital of Miami, Florida, bought the property on Dec. 5.

13. Gibson Guitar Factory Sold for $14.1 Million -

A warranty deed filed Dec. 27 with the Shelby County Register of Deeds shows that buyers paid $14.1 million for the Gibson Guitar Factory property in Downtown Memphis.

The Daily News first reported that investment firms Somera Road Inc. of New York and Tricera Capital of Miami, Florida, bought the property on Dec. 5.

14. Citing US Tax Reform Bill, First Horizon Pledges Bonuses -

First Tennessee Bank’s parent company has joined other major U.S. employers like AT&T and Comcast in pledging bonuses for employees in the wake of the recent tax reform legislation passed by Congress.

15. Citing Tax Reform Bill, First Tennessee Parent Co. Announces $1,000 Bonuses -

First Tennessee Bank’s parent company has joined other major U.S. employers like AT&T and Comcast in pledging bonuses for employees in the wake of the recent tax reform legislation passed by Congress.

16. Tenn. Unemployment Rate Below National Average -

The unemployment rate in the state of Tennessee was “significantly” lower throughout the month of November, according to the latest data released by the U.S. Department of Labor and Workforce Development.

17. Downtown Hotel Revival; Two Companies Look to Expand in Southwest Memphis -

5050 E. Holmes Road
Memphis, TN 38118

Project Cost: $720,000

Application Date: Dec. 20, 2017

18. Technicolor, Agilent Approved for Tax Incentives -

The Economic Development Growth Engine for Memphis and Shelby County approved a pair of tax abatements Wednesday, Dec. 20, that have the potential to affect more than 1,000 jobs in the county.

The payment-in-lieu-of-taxes agreement for California-based life sciences, diagnostics and applied chemical company Agilent Technologies would create 117 new jobs, while one for a division of multimedia production and distribution giant Technicolor would retain anywhere from 158 to 916 jobs.

19. 2017 a Year of Expansion for Memphis Banks -

The biggest banks in Memphis made aggressive pushes this year to raise their profiles and expand footprints, as competition in the sector heats up and the industry continues winning back the strength it enjoyed before the bust of 2008.

20. To Be or Not to Be: Tennessee Shakespeare Company Expanding With New Facility -

Dan McCleary is the founder of the Tennessee Shakespeare Company. But that hasn’t obscured his view of reality, of the fact that many people were first introduced to Shakespeare in a high school classroom in a less than engaging way.

21. City Council May Vote To Phase In MLGW Rate Hikes -

Memphis City Council members vote Tuesday, Dec. 19, on a set of water, gas and electric rate hikes recommended by Memphis Light, Gas and Water Division to take effect next month.

A council committee is recommending the electric and gas-rate increases be phased in over several years.

22. Possible Trader Joe’s Update, New $35M Airport Facility -

In this week’s Real Estate Recap, a new development in the saga of Germantown’s Trader Joe’s, Memphis International Airport begins work on a new $35 million facility, and Central BBQ announces a new a location...

23. Cooper-Young Historic District, Shelby Farms Mixed-Use Project Approved by LUCB -

During its last meeting of 2017, The Shelby County Land Use Control Board tackled a particularity large slate of notable projects, including a massive $142 million mixed-use development on the outskirts of Shelby Farms and the fate of Cooper-Young’s Landmarks status.

24. Robertson Reignites United Way’s Iconic Brand -

“All the women in my family are natural-born leaders,” Lori Spicer Robertson says as she leans forward in her desk chair. “To me, that was the norm – just what you did.”

25. Last Word: Grizz Speculation, SCS Grade Floors and Cedar Heights -

Grizz lose to the Wizards 93-87 in Washington. And ESPN columnist Zach Lowe says the team has lost its identity as well as a lot of games. CBSSports reports Marc Gasol is open to a trade but will not request one. And if you are looking to go far afield with the theories, here’s one from a Dallas Mavericks fansight, mavsmoneyball, that includes a really good graphic on the salaries of Grizz players.

26. First Horizon Foresees Bigger Savings from Capital Bank Deal -

The parent company of First Tennessee Bank thinks it will save even more money than originally thought after its acquisition of North Carolina-based Capital Bank Financial Corp.

27. Trader Joe’s Still Mystery As Developers Buy Old Kroger -

Developers planning to renovate the old Kroger location at 2130 Exeter Road in Germantown have bought out the property’s previous owners in a multimillion-dollar deal.

28. Developers of Old Kroger Site Buy Property for $8M -

The developers planning the renovations of the old Kroger location at 2130 Exeter Road have bought out the property’s previous owners in a multimillion-dollar deal.

Savannah, Georgia-based Wicker Park Capital Management, doing business as 2130 Exeter Road Holdings, has acquired the site from previous owner Robert H. Schwab for $8.1 million, according to warranty deed filed with the Shelby County Register on Dec. 11.

29. WA -

Good morning, Memphis! Dust off your robes and lightsabers, because the latest “Star Wars” movie hits theaters this week. Of course, there’s plenty more to keep you busy in the coming days. Here’s what you need to know about in The Week Ahead – no Jedi powers required.

30. Week Ahead -

Good morning, Memphis! Dust off your robes and lightsabers, because the latest “Star Wars” movie hits theaters this week. Of course, there’s plenty more to keep you busy in the coming days. Here’s what you need to know about in The Week Ahead – no Jedi powers required.

31. The Week Ahead: Dec. 11-17 -

Good morning, Memphis! Dust off your robes and lightsabers, because the latest "Star Wars" movie hits theaters this week. Of course, there's plenty more to keep you busy in the coming days. Here's what you need to know about in The Week Ahead - no Jedi powers required.

32. Jernigan Capital Finances Facility Near Boston -

Memphis-based Jernigan Capital Inc., a real estate investment trust that provides debt and equity capital for self-storage facilities, has closed a $8.7 million investment in a proposed multistory, climate-controlled, 719-unit facility in Salem, New Hampshire, a suburb of Boston.

33. Jernigan Capital Finances Facility Near Boston -

Memphis-based Jernigan Capital Inc., a real estate investment trust that provides debt and equity capital for self-storage facilities, has closed a $8.7 million investment in a proposed multistory, climate-controlled, 719-unit facility in Salem, New Hampshire, a suburb of Boston.

34. AutoZone Posts Positive Q1 2018 Results -

A few weeks ahead of its annual meeting here set for Dec. 20, Memphis-based auto parts retailer AutoZone Inc. has kicked off its fiscal 2018 with better-than-expected earnings for the first three months of the year.

35. First Horizon, Capital Complete $2.2B Merger -

The $2.2 billion deal between Memphis-based First Horizon National Corp. and Capital Bank Financial Corp. of Charlotte, North Carolina, has been completed, creating the fourth-largest regional bank in the Southeast.

36. Coalition Taps Green & Healthy Homes Initiative -

Leaders from Memphis and Shelby County and representatives from nearly 25 partner organizations signed an agreement Thursday morning, Nov. 30, at the Benjamin L. Hooks Central Library in East Memphis to work together on Tennessee’s first Green & Healthy Homes Initiative (GHHI) led by the Baltimore-based organization.

37. Last Word: Grizz Ownership Moves, Confederate Deadline and Medical Family Tree -

As many of us were focused on Tigers football and the journey to Orlando last week, there was word that either both or one of the two minority owners of the Grizz had exercised a buy-sell provision in the NBA team’s unique ownership agreement. And what could be a fight for control of the team’s ownership is underway. The sports website The Athletic broke the story last Thursday. Here it is. It also talks about the timing of this coming with the controversial sacking of David Fizdale, an interim coach at the helm of a changing team and lead owner Robert Pera’s lack of visibility in all things Grizz around the city.

38. First Horizon-Capital Bank Merger Now Complete -

The parent company of First Tennessee Bank will end 2017 as a significantly larger institution, with billions more in assets, deposits and loans, thanks to the completion Nov. 30 of its merger with Charlotte, North Carolina-based Capital Bank Financial Corp.

39. First Horizon, Capital Bank Divest Two Branches -

The parent company of First Tennessee Bank and Charlotte, North Carolina-based Capital Bank Financial Corp. have jointly agreed to sell two Capital Bank branches in East Tennessee to Apex Bank.

40. Memphis Fusion -

With more than 40 life science companies operating in the Greater Memphis area and Shelby County ranking second in the U.S. for orthopedic device manufacturing, the Mid-South can stake its claim as one of the top medical device markets in the world.

41. Coalition Signs on With Green & Healthy Homes Initiative -

Leaders from Memphis and Shelby County and representatives from nearly 25 partner organizations signed an agreement Thursday morning, Nov. 30, at the Benjamin L. Hooks Central Library in East Memphis to work together on Tennessee’s first Green & Healthy Homes Initiative (GHHI) led by the Baltimore-based organization.

42. Lake District Developer Pays Back Lender, Project 'Gathering Steam' -

A little more than a month after Gilad Development Co. began demolition of the shuttered Lakeland Factory Outlet Mall to pave way for the $375 million Lake District project, the developers have cleared another major hurdle.

43. Powell Casts Himself as a Figure of Stability for the Fed -

WASHINGTON (AP) – Jerome Powell says that if confirmed as the next chairman of the Federal Reserve, he expects the Fed to continue raising interest rates gradually to support its twin goals of maximum employment and stable prices.

44. Meat-Loving Arby's to Buy Buffalo Wild Wings for $2.4B -

NEW YORK (AP) – Arby's said Tuesday that it is buying Buffalo Wild Wings for about $2.4 billion, making it the latest casual restaurant chain to be taken private.

Buffalo Wild Wings, which serves chicken wings in a sports bar-like atmosphere, has reported falling sales as it and other casual restaurants lose customers to cheaper and faster chains. In the most recent quarter, it reported a 2.3 percent sales drop at its established restaurants.

45. First Horizon, Capital Bank Divest Two Branches -

The parent company of First Tennessee Bank and Charlotte, North Carolina-based Capital Bank Financial Corp. have jointly agreed to sell two Capital Bank branches in East Tennessee to Apex Bank.

46. It's Tax Time for Fund Investors, Even Those Doing Nothing -

NEW YORK (AP) – The end of the year can mean tax headaches for some mutual-fund investors, this year potentially more so than others.

Companies have started to warn investors of distributions they'll make by the end of December. For anyone with a fund outside a tax-advantaged account, these payments can trigger a tax bill, even if they never sold any shares themselves.

47. Amazon Goes Into the Holidays With Magnified Store Presence -

NEW YORK (AP) – Amazon goes into the holiday season with a newly magnified brick-and-mortar presence, giving it more opportunities to sell its Kindle e-readers, Fire tablets and other gadgets.

48. Fed Official: Memphis Area Banks ‘Performed Well’ in Third Quarter -

News is more positive that not these days for Memphis-based banks, according to a newly released report from the Federal Reserve Bank of St. Louis.

49. Shelby Farms Draws $142 Million, 71-Acre Development -

Elmington Capital Group has submitted plans for a 71-acre senior housing, apartment and single-family development next to Shelby Farms Park. Dwell at Shelby Farms is a new $142 million development to be located on the north side of Raleigh-LaGrange Road near the intersections of Trinity and Fischer Steel roads.

50. US Air Force Official: Missile Targeting Saudis Was Iranian -

DUBAI, United Arab Emirates (AP) — Iran manufactured the ballistic missile fired by Yemen's Shiite rebels toward the Saudi capital and remnants of it bore "Iranian markings," the top U.S. Air Force official in the Mideast said Friday, backing the kingdom's earlier allegations.

51. Faropoint Buys 2 Properties After Trustmark Centre Sale -

Fresh off of the sale of Trustmark Centre, Faropoint Ventures has acquired two more substantial office assets.

The Israeli investment firm bought the Lipscomb & Pitts Building, 2670 Union Ave. Extended, and Poplar Towers, 6263 Poplar Ave., for a combined $19.3 million using capital from the Trustmark Centre sale. The purchase also includes the high-end restaurant Fleming’s, 6245 Poplar, and an AT&T store at 6267 Poplar, both outparcels to Poplar Towers.

52. Poll Shows Strong Support for Death Penalty in Arkansas -

LITTLE ROCK, Ark. (AP) — Arkansans overwhelmingly support the death penalty, in contrast to national sentiment, months after the state executed four inmates before a lethal injection drug expired, according to a poll released Tuesday by the University of Arkansas.

53. Poll shows strong support for death penalty in Arkansas -

LITTLE ROCK, Ark. (AP) — Arkansans overwhelmingly support the death penalty, in contrast to national sentiment, months after the state executed four inmates before a lethal injection drug expired, according to a poll released Tuesday by the University of Arkansas.

54. Iconic E. Memphis Office Building Sells for $19.7M -

Nashville-based Magnolia Capital Investments has purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investors, Faropoint Ventures. Faropoint intends to reinvest proceeds from the sale to buy other Memphis properties.

55. Faropoint Acquires Office Portfolio for $19.3M -

Fresh off of the sale of the Trustmark Centre, Faropoint Ventures has acquired two more substantial office assets.

The Lipscomb Pitts Building, located at 2670 Union Ave. Ext.,  and Poplar Towers, located at 6263 Poplar Ave., were both purchased by the Israeli investment firm for $19.3 million using the capital they accrued from the aforementioned deal.

56. University of Memphis Moves Ahead With Campus Changes -

After completing the Laurie-Walton Family Basketball Center practice facility on its Park Avenue campus, the University of Memphis recently pulled a $33.5 million permit to start construction on the parking garage and land bridge over the Southern Avenue railroad tracks – the most-immediate indication of changes on the main campus in the next three to five years.

57. Effects Of E-commerce, Amazon Among Seminar Topics -

The growth of e-commerce has been one of the most transformative trends in real estate over the past few years and Memphis’ unique geography has it poised to reap the benefits.

While the more traditional industrial projects like Amazon’s proposed 615,440-square-foot receiving center at 3292 Holmes Road or DHL’s planned 580,000-square-foot distribution facility less than a mile to the south come to mind, the ripple effects of this can be felt in other areas as well, such as in typical brick-and-mortar retail operations.

58. First Tennessee Parent Company Reports Positive “Stress Test” Results -

First Horizon National Corp. has submitted the results of its annual Dodd-Frank Act Stress Test to regulators, which show that the company’s management and board believes it “would maintain capital well in excess of regulatory adequate levels under severely adverse economic and financial conditions.”

59. The Ties That Bind -

When Big River Crossing was about to open a year ago, Doug Carpenter was asked often where the Tennessee-Arkansas state line is over the Mississippi River.

His marketing firm DCA has overseen publicity for the crossing from concept through construction, so he has learned much about the history of the Harahan Bridge and the mighty river below it. But the stateline wasn't marked

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

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

Is it worth it?

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

61. City Lays Out Numerous Options in Confederate Monuments Controversy -

The city administration and Memphis City Council laid out numerous paths forward in the Confederate monuments controversy Tuesday, Oct. 17, that include closing Health Sciences Park entirely or building a memorial to lynching victims in the park plaza where a statue of Nathan Bedford Forrest is now the centerpiece.

62. Monuments, Elections, TDZ Expansion All Before Council -

Memphis City Council members take a third and final vote Tuesday, Oct. 17, on an ordinance directing the administration to act on “immediate” removal of Confederate monuments from two city parks.

63. Shelby County to Overhaul Criminal Justice Center -

201 Poplar Ave.
Memphis, TN 38103

Permit Amount: $17 million

Application Date: October 2017

64. First Tennessee Bank Parent Wraps Solid Third Quarter -

The Memphis-based parent company of First Tennessee Bank is starting to wind down 2017 optimistic about its business and the direction of the economy, which helped the company grow its net income 7 percent during the quarter.

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

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

66. First Music Project Funded Through Memphis Slim House Loan Program -

Attendees of the Eric Hughes Band’s CD release party next week won’t see everything that goes into making a collection of tunes like the band’s latest.

The album – “Meet Me in Memphis” – and band will be feted Oct. 21 at the warehouse behind Earnestine & Hazel’s during a bash that includes live music and food by Central BBQ. Among the things that won’t be apparent amid the festivities, though, is all the work that goes into an undertaking like this, and the honing of chops that for Hughes has meant playing about 3,000 shows in Memphis since 2001.

67. Last Word: Corker's Touchstone, Quonset Rehab and The Methodist Chart -

More invective from the White House directed at U.S. Senator Bob Corker since we last met here. And it is now becoming a sort of political prairie fire among Republicans in the Beltway per The New York Times.

68. Last Word: The Corker Tweets, Market Stabilization and The Rise of the Landshark -

In the “That Didn’t Take Long” department, whatever diplomacy there was in the relationship between President Donald Trump and U.S. Senator Bob Corker of Tennessee vanished over the weekend – vanished in the course of several tweets starting with one from Trump claiming he refused an endorsement of Corker in a re-election bid next year and that resulted in Corker’s decision not to seek re-election. He claims Corker “begged” for his endorsement. “Said he could not win without my endorsement,” Trump added. “He also wanted to be Secretary of State, I said, ‘NO THANKS.’ He is also largely responsible for the horrendous Iran Deal.”

69. Administration Calls for Easing Rules for Financial Markets -

WASHINGTON (AP) – The Trump administration on Friday recommended ways to loosen the rules governing the U.S. stock, bond and derivatives markets, proposing a rollback of a variety of tougher requirements adopted in the wake of the 2008 financial crisis.

70. FDIC Report Shows Top Memphis Banks -

With a few exceptions, the Top 10 banks in the Memphis metro area as ranked by deposits by the Federal Deposit Insurance Corp. in its latest annual report hasn’t changed much this time around.

71. Buffett Buys Big Into Haslam Family's Pilot Flying J -

OMAHA, Neb. (AP) – Warren Buffett's company is acquiring a major stake in Pilot Flying J truck stops and it will take over a majority stake within about five years from the family of Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam.

72. Retired FedEx Exec Rodriguez Becomes City of Memphis CIO -

Mike Rodriguez recently became the city of Memphis’ director of information services and chief information officer, a role he took on after retiring from a 27-year career at FedEx Corp. Rodriguez, who most recently served as FedEx’s director of information security, was nominated as city CIO by Mayor Jim Strickland and confirmed by the Memphis City Council Sept. 23.

73. Last Word: Pantographs & Catenaries, Grizz Uncertainty and Tuesdays Without Morrie -

After three years off the rails, the first significant indications that the trolleys are about to return. It was just a two-block ride that includes the Memphis Area Transit Authority trolley barn on North Main and one very new trolley. But it is a start through what is a very technical and bureaucratic process involving lots of safety vests, clipboards and video cameras.

74. GPAC Planning New Open-Air Venue -

1801 Exeter Road, Germantown, TN 38138

Owner: Germantown Performing Arts Center

75. First Horizon CEO: Banking Industry Needs Consolidation -

The CEO of First Tennessee Bank’s parent company told attendees of a financial conference in New York City in recent days that the banking industry could benefit from more consolidation.

76. Widening The Path -

He asked to only be a small part of this story. But when you come up with an idea so good, so powerful, that it’s named as one of the top 20 ideas in the Forbes Change the World Competition, you are the story’s foundation.

77. City’s Ire Raised By Stadium Droughts -

For most of the ongoing discussion about a reconfiguration of the Fairgrounds, the Liberty Bowl has been a part of the background. Much of the attention has been on what to do with the Mid-South Coliseum and what new uses or buildings will do to existing parking.

78. Highwoods Sells Southwind Portfolio for $39M -

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

79. Toys 'R' Us Keeping Stores Open Following Bankruptcy Filing -

NEW YORK (AP) – Toys 'R' Us, the toy retailer struggling with $5 billion in debt and intense online competition, has filed for bankruptcy protection ahead of the key holiday shopping season – and says its stores will remain open for business as usual.

80. AutoZone Reports Mild Fiscal Fourth Quarter -

Memphis-based auto parts retailer AutoZone Inc. continues to find itself in an environment that’s unusual for the company and one that it’s not accustomed to, with the company’s fiscal fourth quarter sales bearing that out.

81. Beale, Bourbon Street Protocols Examined -

As the Beale Street Task Force moves toward making recommendations to the Memphis City Council on a Saturday night Beale Street cover charge, there isn’t a consensus on the $5 charge.

Task force members who have been to New Orleans and consulted other cities have found very different models for crowd control.

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

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

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

83. White House, Black College Heads to Meet Amid Strained Ties -

WASHINGTON (AP) – President Donald Trump on Monday named a lawyer and former NFL player as executive director of the White House Initiative on Historically Black Colleges and Universities, as the administration faces criticism from those institutions of promises unkept.

84. Germantown Medical Office Sells for $16M -

1325 Wolf Park Drive, Germantown, TN 38138

Sale Amount: $15.9 million

Buyer: Global Medical REIT

85. Commission Delays Votes On Finance Ordinances -

Shelby County Commissioners delayed votes Monday, Sept. 11, on a set of three resolutions dealing with county finances, citing the need for further discussion and questions.

The first of the three is a supplement to the interlocal agreement on financing the Memphis and Shelby County Sports Authority to pay the debt on FedExForum. The agreement allows revenue from a 2015 increase in the hotel-motel tax to be used to finance renovations of the Memphis Cook Convention Center as well as the debt on the arena.

86. Wunderlich Preparing Downtown Space for HQ Move -

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

87. Waddell & Associates Platform Looks to Turn Millennials Into Investors -

Andrew Lichliter had a few thousand dollars in a retirement account, but wanted to change that to a different type of investment.

The problem, though, was that his $5,500 wasn’t nearly enough to open a typical investment account at most firms, some of which require hundreds of thousands of dollars just to start.

88. Skipping School -

The farm field at East Shelby Drive and Sycamore Road is “growing” steel beams, classroom walls and concrete floors. Nearby, the athletic fields of the new $90 million Collierville High School are being traced and laid out at summer’s end next to the framework of the large school.

89. Last Word: The Monument Letter, Soulsville Gateway and Gas Tax Hike Regrets -

The Redbirds take Game 1 of the Pacific Coast League Championship series Wednesday evening with a 6-4 win over El Paso at AutoZone Park. Game 2 is noon Thursday at B.B. King and Union.

90. Memphis Brooks Museum Eyes Relocation Out of Overton Park -

The Memphis Brooks Museum of Art might be leaving Midtown. The museum’s board has voted to allow the museum’s staff and the board’s long-range planning committee to evaluate locations in Memphis outside of Overton Park as possible homes for the Brooks’ permanent collection and future museum facilities.

91. Commission Delays Votes On Finance Ordinances -

Shelby County Commissioners delayed votes Monday, Sept. 11, on a set of three resolutions dealing with county finances, citing the need for further discussion and questions.

The first of the three is a supplement to the interlocal agreement on financing the Memphis and Shelby County Sports Authority to pay the debt on FedExForum. The agreement allows revenue from a 2015 increase in the hotel-motel tax to be used to finance renovations of the Memphis Cook Convention Center as well as the debt on the arena.

92. County Commission Joins City Call to Remove Confederate Monuments -

Shelby County Commissioners approved a resolution Monday, Sept. 11, backing the city’s efforts to remove Confederate monuments with a waiver from the Tennessee Historical Commission. The resolution by commissioner Walter Bailey also backs the Memphis City Council’s move to an ordinance that could take down the monuments after the Oct. 13 decision if the historical commission does not grant the waiver.

93. Apple May Test the Bounds of iPhone Love With a $1,000 Model -

SAN FRANCISCO (AP) – Apple is expected to sell its fanciest iPhone yet for $1,000, crossing into a new financial frontier that will test how much consumers are willing to pay for a device that's become an indispensable part of modern life.

94. Last Word: Southern Heritage Recap, Funky Week Ahead and the Amazon Contest -

The 28th annual Southern Heritage Classic is in the books with a close game at the Liberty Bowl Saturday and the kind of attendance that if sustained through our civic football season – Southern Heritage, Tigers home schedule and AutoZone Liberty Bowl – promises continued growth and changes in our development. Whether there is that growth or not, 47,407 came, tailgated and saw Tennessee State beat Jackson State 17-15.

95. Evolve Taps New Assistant Vice President -

Evolve Bank & Trust has tapped Michelle Latham as its new assistant vice president and operations manager of its payment processing solutions division. Latham has more than 12 years’ experience in the payment and banking industries. She joins senior vice president Betsy Bohlen, who is leading the expansion of Evolve’s Payment Processing Solutions Division. Latham has held leadership roles at Palm Desert National Bank, Switch Commerce and First American Payment Systems, most recently served as the vice president of sales and service for Lone Star Capital Bank in San Antonio. During her tenure, she directed the implementation of a new retail product line that increased low-cost core deposits by 15 percent and acquired new high-value accounts by 5 percent.

96. Tennessee Program to Award $10M in Broadband Grants -

NASHVILLE, Tenn. (AP) – Tennessee officials are now accepting applications for $10 million worth of broadband grants.

The Tennessee Department of Economic and Community Development said in a news release Thursday it will accept applications for the Broadband Accessibility Grant until Nov. 17.

97. Tennessee Taco Opens in Former Los Compadres Space -

3295 Poplar Ave.
Memphis, TN 38111

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

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

99. Belly Acres Co-Owners Open New Concept -

Ben McLean, co-owner of the Overton Square burger restaurant Belly Acres, has been thinking about expanding his Memphis-area restaurant interests for a few years now.

100. Dorothy Day House Plants New Roots in Midtown -

Sister Maureen Griner, the executive director of the Memphis chapter of the Dorothy Day House, says that every night in Memphis there are about 160 families who will be sleeping in a shelter or somewhere inhabitable.