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Editorial Results (free)

1. Chamber Names 2017 Young Memphian Winners -

The Greater Memphis Chamber has announced its official 2017 Young Memphians list, which will be featured in the summer issue of Memphis Crossroads Magazine.

Nominations for the Young Memphians award were submitted via the chamber’s website, social media outlets and email. All nominees must be under 40 and a member of the Greater Memphis Chamber.

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

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

3. UK Moves to Ease Tensions After Van Attack on London Muslims -

LONDON (AP) — British authorities and Islamic leaders moved swiftly to ease concerns in the Muslim community after a man plowed a large van into a crowd of worshippers outside a north London mosque early Monday, injuring at least nine people.

4. Tensions Rise in Syria as Russia, Iran Send US Warnings -

BEIRUT (AP) — Russia on Monday threatened aircraft from the U.S.-led coalition in Syrian-controlled airspace and suspended a hotline intended to avoid collisions in retaliation for the U.S. military shooting down a Syrian warplane.

5. Made By Project Generates New Ideas And Goals to Support Memphis Makers -

A new business plan competition and a nine-week cohort program are the first two recommendations to come out of a plan in support of Shelby County’s Made By Project, an effort to understand the needs and goals of “makers,” artisans and micro-manufacturers in Memphis and Shelby County.

6. June 16-22, 2017: This week in Memphis history -

2008: The debut of The Memphis News, a weekly about “business, politics and the public interest” by The Daily News Publishing Co.

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

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

8. Last Word: Disaster Paperwork, The Whitehaven Plan and Juvenile Justice -

On its way to Washington is the paperwork for a federal disaster declaration sent Wednesday by Tennessee Gov. Bill Haslam. It includes Shelby County and 11 other Tennessee counties. This is essentially federal funding that will reimburse local government for money they spend up front for these kinds of disasters. The state’s request also includes a call for individual assistance to Shelby County homeowners and business owners whose property was damaged in the Memorial Day weekend storms.

9. Hernando Ice Cream Parlor Preparing Crosstown Location -

1350 Concourse Ave.

Memphis, TN 38104

Permit Amount: $80,000

Application Date: June 2017

10. First Horizon CFO Talks Capital Bank Merger -

First Tennessee Bank’s parent company is a $30 billion financial institution that’s put its cash to work the last few years by buying back almost 10 percent of its shares and pursuing smaller mergers and acquisitions.

11. County Commission Debates 3-Cent Tax Rate Cut -

Shelby County Commissioners approved a 3-cent reduction in the county property tax rate Monday, June 12, on the first of three readings but delayed a vote on the operating budget resolution for more discussion about how to account for the tax-rate cut.

12. County Commission Continues Tax Cut Calculations -

Shelby County Commissioners approved a three-cent reduction in the county property tax rate Monday, June 12, on the first of three readings but delayed a vote on the operating budget resolution for more discussion about how to account for a cut in the tax rate.

13. Luttrell, Commission Working Out Details of 3-Cent Property Tax Cut -

Shelby County Commissioners have talked for several years about cutting the county’s property tax rate. But it’s never been more than talk and never had close to the seven votes necessary to drop the tax rate.

14. Nordstrom Family Considering Buyout of Department Store -

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

15. Tennessee Brewery Developers Seek Incentives for Second Phase -

The developers of the Tennessee Brewery project are seeking a 20-year tax abatement to begin construction on phase two of their Downtown Memphis mixed-use development.

William Orgel, Jay Lindy and Adam Slovis, representing 495 TN Partners, have applied to the Center City Revenue Finance Corp. for a payment-in-lieu-of-taxes incentive to build an additional 130-unit, four-story building they estimate will cost around $12.3 million.

16. Tennessee Brewery Developers Seeking Tax Incentives for Second Phase -

The developers of the Tennessee Brewery Project have applied for a 20-year tax abatement with the Center City Revenue Finance Corporation to begin construction on phase two of their Downtown Memphis mixed-use development.

17. City Council Settles Budget, But Other Issues Remain -

The budget season at City Hall is over with the Tuesday, June 6, Memphis City Council vote approving a $680 million city operating budget, an $81.3 million capital budget and a $3.27 city property tax rate.

18. Survey: Top CEOs Still Back Some of Trump Policy Priorities -

WASHINGTON (AP) – Leading U.S. CEOs remain supportive of some of President Donald Trump's policy initiatives despite his still-hazy plan for cutting taxes and recent actions by Trump that have intensified attention on federal investigations of his campaign.

19. US Services Firms Expanded at Solid But Slower Pace in May -

WASHINGTON (AP) – U.S. services companies expanded at a slightly slower pace in May compared with the previous month, a sign that modest economic growth is likely to continue.

The Institute for Supply Management, a trade group of purchasing managers, said Monday that its services index slipped last month to 56.9 from 57.5 in April. Any reading above 50 indicates expansion. Sales and new orders grew more slowly, while a measure of employment showed companies stepped up hiring.

20. Final Budget, Tax-Rate Votes Lead Council Agenda -

Memphis City Council members are poised to end their budget season Tuesday, June 6, with a set of votes on four resolutions and six ordinances that are up for third and final reading.

The resolutions and ordinances would approve a roughly $680 million city operating budget and a $77.8 million capital budget, hikes in stormwater and sewer fees and take the city property tax rate from $3.40 to $3.27.

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

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

22. Winds of Change -

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

23. Amid Trump Orders, Nashville Mulls Sanctuary City-Like Rules -

NASHVILLE, Tenn. (AP) – Nashville officials are pushing to adopt sanctuary city-like standards in response to President Donald Trump's policies on immigration.

Metro Councilmen Bob Mendes and Colby Sledge were surrounded by immigrants, some of whom are in the country illegally, as they made a case for their legislation Wednesday during a news conference in the liberal-leaning capital of Tennessee, a red Southern state.

24. City Council Weighs $7.3M Cut in Police Budget -

Memphis City Council members will likely be discussing possible amendments to the city budget right up to the final June 6 votes on the budget and tax rate resolutions and ordinances.

In a council budget committee wrap-up session Tuesday, May 30, that drew nine of the 13 council members, the group considered but took no action on a proposal by council member Martavius Jones to cut $7.3 million in funding for the Memphis Police Department.

25. City Council Discusses $7.3 Million Cut in Police Budget -

Memphis City Council members will likely be discussing possible amendments to the city budget right up to the final June 6 votes on the budget and tax rate resolutions and ordinances.

In a council budget committee wrap-up session Tuesday, May 30, that drew 9 of the 13 council members, the group considered but took no action on a proposal by council member Martavius Jones to cut $7.3 million in funding for the Memphis Police Department.

26. US Growth in First Quarter Upgraded to Still-Slow 1.2 Percent Rate -

WASHINGTON (AP) – The U.S. economy began 2017 with a whimper – though not quite as weak a whimper as the government had first estimated.

The gross domestic product – the broadest gauge of the economy – expanded in the January-March quarter at a 1.2 percent annual rate, the government said Friday. That was better than its initial estimate of a 0.7 percent rate but far below President Donald Trump's growth targets, which most economists consider unrealistic.

27. US Durable Goods Orders Fell for First Time in 5 Months -

WASHINGTON (AP) – U.S. orders for long-lasting manufactured goods dropped in April for the first time in five months, and a key category that tracks business investment went nowhere for the second straight month.

28. 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.

29. 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.

30. The Buying And Selling Of Memphis -

Even before he went to federal prison for 25 years on a racketeering conviction in 1995, Danny Owens had a real estate portfolio. The strip-club kingpin who defined the industry in Memphis across a 20-year period owned the old Memphian movie theater and made possible its 1986 sale to Playhouse on the Square by donating $160,000 toward its purchase.

31. Bank On Memphis Effort in National Spotlight -

Shelby County Trustee David Lenoir was in the nation’s capital this week, speaking by invitation on a panel at the 2017 Bank On national conference in Washington, D.C.

32. 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...

33. 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.

34. 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.

35. 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.

36. 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.

37. 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.

38. 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.

39. '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.

40. 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...

41. 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.

42. 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.

43. 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.

44. 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.

45. 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.

46. 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.

47. 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.

48. 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.

49. 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.

50. 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.

51. 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.”

52. 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.

53. 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.

54. 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.

55. 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.

56. 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.

57. 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.

58. 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.

59. 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.

60. 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.

61. 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

62. 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.

63. 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.

64. 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.

65. 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.

66. 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... 

67. 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.

68. 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.

69. Germantown Village Square Sells for $27.3 Million -

7694 Poplar Ave.
Germantown, TN 38138

Sale Amount: $27.3 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. 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.

75. 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.

76. 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.

77. 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.

78. 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.

79. 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.”

80. East Memphis Office Sells for $17 Million -

6055 Primacy Pkwy.
Memphis, TN 38119

Sale Amount: $17 million 

Sale Date: April 11, 2017

81. 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.

82. 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.

83. 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.

84. 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.

85. 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.

86. 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.

87. 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.

88. 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.

89. Council OKs Sheraton Sale, Weighs Trash Pickup Changes -

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.

90. Toyota Announces $1.33 Billion Investment in Kentucky Plant -

LOUISVILLE, Ky. (AP) – Toyota said Monday it is investing $1.33 billion to retool its sprawling factory in Georgetown, Kentucky, where the company's flagship Camry sedans are built.

No new factory jobs are being added, but Toyota says the upgrades amount to the biggest single investment ever at one of its existing plants in the United States. The retooling also will sustain the existing 8,200 jobs at Toyota's largest plant, where about one-fourth of all Toyota vehicles produced in North America are made, the automaker said.

91. Upsetting the Category -

After years of battling over market share and swapping customers back and forth, many companies lose perspective of their market. They know their market too well, ironically, which cripples their vision of new ways their categories could potentially grow or be disrupted. 

92. Council Faces Beale Street, Parking Decisions -

Memphis City Council members have an agenda full of hot spots Tuesday, April 11. They vote on a move to abolish the Beale Street Tourism Development Authority, check to see if both sides paying for a Memphis Zoo parking solution in Overton Park are on the same page and take a final vote to change on-street parking around FedExForum and The Orpheum Theatre to a flat fee of $10 for “special events.”

93. Oden to Rehab Building Downtown for New HQ -

Plans to breathe new life into a vacant 77-year-old warehouse two blocks from the FedExForum have been submitted by Oden & Associates Inc., a locally owned marketing firm looking to relocate its headquarters.

94. FTN Financial Completes Acquisition of Houston Firm -

FTN Financial, the capital markets division of First Tennessee Bank, has completed its acquisition of Houston-based Coastal Securities Inc., a leader in the trading, securitization and analysis of Small Business Administration loans.

95. Marketing Firm to Rehab Vacant Downtown Building for New HQ -

Plans to breathe new life into a vacant 77-year-old warehouse two blocks from the FedExForum have been submitted by Oden & Associates Inc., a locally owned marketing firm looking to relocate its headquarters.

96. Death Toll in Syria Chemical Attack Rises to 86 -

BEIRUT (AP) — The Latest on the suspected chemical attack in Syria (all times local):

10:30 p.m.

A Syrian monitoring group says the death toll from a suspected chemical weapons attack on the northern town of Khan Sheikhoun has risen to 86.

97. Malco Moving Forward With Downtown Theater -

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

Permit Amount: $5 million

Project Cost: $55 million

Application Date: March 2017

98. US Trade Deficit Drops Sharply to $43.6 Billion in February -

WASHINGTON (AP) – The U.S. trade deficit declined sharply in February as imports from China fell by a record amount and American exports rose for a third straight month.

The deficit fell to $43.6 billion in February, 9.6 percent below January's deficit of $48.2 billion, the Commerce Department reported Tuesday. Exports rose a tiny 0.2 percent to $192.9 billion. Imports dropped 1.8 percent to $236.4 billion as the flow of Chinese goods tumbled by $8.6 billion, led by a big drop in cell phone imports.

99. FTN Financial Completes Acquisition of Houston Firm -

FTN Financial, the capital markets division of First Tennessee Bank, has completed its acquisition of Houston-based Coastal Securities Inc., a leader in the trading, securitization and analysis of Small Business Administration loans.

100. FTN Financial Completes Acquisition of Houston Firm -

FTN Financial, the capital markets division of First Tennessee Bank, has completed its acquisition of Houston-based Coastal Securities Inc., a leader in the trading, securitization and analysis of Small Business Administration loans.