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Editorial Results (free)

1. Collierville Shopping Center Sells for $3.5 Million -

2140-2150 Poplar Avenue Holdings LLC, a company of Maryland-based CW Capital Asset Management LLC, sold a Collierville shopping center in a May 20 warranty deed to PHC Country Club Collections LLC for $3.5 million.

2. Snapshot: How Memphis-Based Public Companies are Faring -

Acquisitions have been a common theme among many Memphis-based public companies the past few quarters. Here is a roundup of those transactions and other business highlights from each of the companies.

3. Collierville Shopping Center Sold For $3.5 Million -

2140-2150 Poplar Avenue Holdings LLC, a company of Maryland-based CW Capital Asset Management LLC, sold a Collierville shopping center in a May 20 warranty deed to PHC Country Club Collections LLC for $3.5 million.

4. Middle Class Shrinks in 9 of 10 US Cities as Incomes Fall -

WASHINGTON (AP) – In cities across America, the middle class is hollowing out.

A widening wealth gap is moving more households into either higher- or lower-income groups in major metro areas, with fewer remaining in the middle, according to a report released Wednesday by the Pew Research Center.

5. One-Time Star in Solar Energy, SunEdison Seeks Protection -

NEW YORK (AP) – SunEdison, a one-time star in the alternative energy field, filed for bankruptcy protection Thursday after years of rapid-fire acquisitions left the solar company in a desperate cash situation.

6. $12.6M Building Permit For New Ballet Memphis HQ -

2144 Madison Ave.
Memphis, TN 38104
Permit Amount: $12.6 million

Owner: Ballet Memphis
Tenant: Ballet Memphis
Architect: Archimania
Contractor: Grinder, Taber & Grinder
Details: Ballet Memphis is setting the stage for its Overton Square headquarters as Grinder, Taber & Grinder recently applied for a $12.6 million building permit for new construction.

7. AMC U-Turns; Texting in Theaters Now on 'Cutting Room Floor' -

LOS ANGELES (AP) — Oops. The idea lasted about as long as a Snapchat text: the head of AMC Theatres mulled openly about creating texting-friendly movie theaters to appeal to smartphone-addicted youngsters. Two days later, after a backlash on social media, the company says it's leaving the idea on "the cutting room floor."

8. LEDIC Founder Buys Metro 67 Apartments -

The Metro 67 Apartments in Downtown Memphis has been sold by a Dallas equity firm to Scott Ledbetter, founder and chairman-emeritus of LEDIC Management Group in Memphis, and members of his family.

9. Southern Yankee -

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

10. Metro 67 Apartments Bought by LEDIC Founder -

The Metro 67 Apartments in Downtown Memphis has been sold by a Dallas equity firm to Scott Ledbetter, founder and chairman-emeritus of LEDIC Management Group in Memphis, and members of his family.

11. Southland Mall Sells In Foreclosure -

1215 E. Shelby Drive
Memphis, TN 38116
Sale Amount: $4.3 million

Sale Date: March 31, 2016
Buyer: 1215 East Shelby Drive Holdings LLC
Seller: Southland Mall Shopping Center LLC
Details: Southland Mall, Memphis’ first enclosed mall when it opened 50 years ago, has sold for $4.3 million in foreclosure.

12. Southland Mall Sells For $4.3M in Foreclosure -

Southland Mall, Memphis’ first enclosed mall when it opened 50 years ago, has sold for $4.3 million in foreclosure.

The Whitehaven mainstay was bought in a March 31 substitute trustee’s sale by an entity called 1215 East Shelby Drive Holdings LLC. The sale did not include the mall’s two anchor spaces – the Sears store on the west end and the shuttered Macy’s on the east end.

13. Construction Continues At Cummins Warehouse -

Renovations continue at Cummins Inc.’s new distribution center. Jolly Roofing and Contracting Co. Inc. recently filed a $944,000 building permit application for the existing 400,000-square-foot warehouse at 5800 Challenge Drive.

14. ALSAC Buys Warehouse For $6 Million -

483 Manassas St.
Memphis, TN 38105

Sale Amount: $6 million

Sale Date: March 17, 2016

Buyer: ALSAC

Seller: Michael Nussbaum and Joyce Nussbaum

15. Construction Continues on Cummins Warehouse -

Renovations continue at Cummins Inc.’s new distribution center. Jolly Roofing and Contracting Co. Inc. recently filed a $944,000 building permit application for the existing 400,000-square-foot warehouse at 5800 Challenge Drive.

16. Republic Settles Delta Lawsuit Over Canceled Flights -

DALLAS (AP) – Delta Air Lines Inc. will drop a lawsuit against Republic Airways Holdings Inc. and provide $75 million in credit to help Republic rebuild under bankruptcy protection.

17. Midtown Market Project Moving Forward -

The mixed-use Midtown Market project being planned at the southwest corner of McLean Boulevard and Union Avenue is moving forward.

In a March 11 warranty deed, Nevada-based Tennvada Holdings sold the Artisan Hotel, at 1837 Union Ave., for $1.3 million, and the Towery Office Building, at 1835 Union Ave., for $870,000.

18. Over $20M in Construction Headed to Brewery District -

495 Tennessee St.
Memphis, TN 38103

Permit Amount: $18.8 million

Owner: 495 Tennessee LLC

Tenant: Brewery Master Tenant

19. $1.2M Permit Filed For Highland Row Steakhouse -

Steakhouse restaurant Char is on track for its July opening with a $1.2 million building permit application recently filed with the city-county Office of Construction Code Enforcement.

In December, the Daily News reported that the restaurateurs behind longstanding Italian restaurant Amerigo were bringing Char to Highland Row. The first Char opened in Jackson, Miss., in 2001.

20. Midtown Market Moves Forward -

The mixed-use Midtown Market project at the southwest corner of McLean Boulevard and Union Ave. is moving forward.

In a March 11 warranty deed, Nevada-based Tennvada Holdings sold the Artisan Hotel, at 1837 Union Ave., for $1.3 million, and the Towery Office Building, at 1835 Union Ave., for $870,000.

21. Fresh Market to Be Bought by Apollo for More Than $1.3B -

NEW YORK (AP) – The Fresh Market, a grocery store chain, has agreed to be acquired by private equity firm Apollo for more than $1.3 billion.

The deal, which is expected to close in the second quarter, comes after Fresh Market said in October that it was seeking to possibly sell itself.

22. Graceland to Hold Muhammad Ali Auction -

Graceland Auctions is planning an auction of items and other memorabilia from Muhammad Ali Enterprises this fall.

The event is a first effort outside of recent auctions of Elvis Presley memorabilia for the auction division of Graceland Holdings LLC, the holding company that is the majority owner of Elvis Presley Enterprises.

23. Airport-Area Industrial Sells for $1.2 Million -

1525 Three Place, 3365-3378 One Place
Memphis, TN 38116

Sale Amount: $1.2 million

Buyer: Gregory Realty

Seller: One Place Associates

24. Last Word: Redbirds Sold, Memphis Burning and When Old Dominick Was Young -

Grizzlies over the Cavaliers 106-103 Monday evening in Cleveland despite the pre-game injury story dominating up to tip-off.

25. St. Louis Cardinals Sell Majority Stake in Memphis Redbirds -

Less than two years ago, the St. Louis Cardinals finalized their purchase of their Triple-A affiliate, the Memphis Redbirds. Now, the Cardinals, pending full approval from the Pacific Coast League, have announced on Monday, March 7, that they have reached an agreement to sell a majority interest in the Redbirds to Peter B. Freund, the Principal Owner of Trinity Baseball Holdings.

26. Graceland To Hold Muhammad Ali Auction -

Graceland Auctions is planning an auction of items and other memorabilia from Muhammad Ali Enterprises this fall.

The event is a first effort outside of recent auctions of Elvis Presley memorabilia for the auction division of Graceland Holdings LLC, the holding company that is the majority owner of Elvis Presley Enterprises.

27. East Memphis Medical Office Fetches $1.2 Million -

A medical office building at the corner of White Station Road and Poplar Avenue has sold for $1.2 million. In a warranty deed signed Feb, 29, Tennessee-based 5210 LLC sold the property at 5210 Poplar to Tennessee-based Banc3 Holdings Inc.

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

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

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

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

30. East Memphis Medical Office Sells for $1.2 Million -

A medical office building at the corner of White Station Road and Poplar Avenue has sold for $1.2 million. In a warranty deed signed Feb, 29, Tennessee-based 5210 LLC sold the property at 5210 Poplar to Tennessee-based Banc3 Holdings Inc.

31. Work Begins On Brewery Development -

502 Tennessee St.
Memphis, TN 38103

Permit Amount: $4.5 million

Application Date: Feb. 18, 2016

Tenant: Brewery Master Tenant LLC

Architect: LRK Architects

Contractor: Montgomery Martin Contractors

32. Apartments Sell to Texas Group -

An apartment community in the 38111 ZIP code has sold for $1.9 million. In a Feb. 10 warranty deed, Memphis resident Harvard Stephens sold the Prescott Place apartments to Texas-based Oak Bend Holdings LLC and Bay Brook Holdings LLC.

33. Shares of Community Health Lose a Quarter of Their Value -

NEW YORK (AP) – Shares of hospital operator Community Health Systems fell more than 25 percent after the company reported an unexpected quarterly loss due partly to lower hospital visits from a year ago and slower-than-expected benefits from an acquisition.

34. US Retail Sales Rise as Consumers Shrug Off Stock Price Drop -

WASHINGTON (AP) — U.S. retail sales rose modestly in January, evidence that Americans kept shopping despite sharp drops in stock prices.

The Commerce Department said Friday that retail sales increased a seasonally adjusted 0.2 percent last month, the same as in December. Excluding the effect of falling gas prices, sales rose 0.4 percent.

35. Pinnacle Financial Partners Announces Another Merger -

Nashville-based Pinnacle Financial Partners, which recently entered the Memphis market through its acquisition of Magna Bank, is continuing its march to dominance across the state’s major urban markets.

36. Midtown Memphis Ready for Apartment Building Boom -

It’s been more than a decade since new apartments were built in Midtown, and that’s poised to change in a big way with a wave of new multifamily construction stretching from Binghampton to Crosstown.

37. Collaborative Aims to Enhance Memphis Medical District -

In 2016, the Memphis Medical Center will see $1.8 million in upgrades and enhancements aimed at creating a unified, livable district. That’s the annual budget for the newly established Medical District Collaborative, a nonprofit entity made up of the area’s stakeholders and executives.

38. Save-A-Lot to Anchor New Sam Cooper Shopping Center -

Southeast Corner of Sam Cooper
Boulevard and Tillman Street
Memphis, TN 38104

Tenant: Save-A-Lot

Size: 16,300 square feet

Tenant’s Agent: Frank Dyer, Loeb Realty Group

39. Pinnacle Financial Partners Announces Another Merger -

Nashville-based Pinnacle Financial Partners, which recently entered the Memphis market through its acquisition of Magna Bank, is continuing its march to dominance across the state’s major urban markets.

40. Washington Hospital Now Using VeinViewer -

Pullman Regional Hospital in Pullman, Washington, is now using Christie VeinViewer Vision2 technology.

The VeinViewer is a product of Memphis-based Christie Medical Holdings Inc.

41. Stoney River Steakhouse Opens in Saddle Creek -

J. Alexander’s Holdings Inc. has announced the opening of its 11th Stoney River Steakhouse and Grill in the Saddle Creek development in Germantown.

42. ProLogis Sells 90M Square Feet of Property -

ProLogis has unloaded nearly 90 million square feet of its industrial holdings in six separate deals.

ProLogis, working under a number of affiliated names, sold multiple properties – including two warehouses housing Cummins Inc.’s distributions operations – to Exeter Property Group, according to warranty deeds signed Dec. 29. They include:

43. Washington Hospital Now Using VeinViewer -

Pullman Regional Hospital in Pullman, Washington, is now using Christie VeinViewer Vision2 technology.

The VeinViewer is a product of Memphis-based Christie Medical Holdings Inc.

44. ProLogis Sells 90 Million Square Feet of Property -

ProLogis has unloaded nearly 90 million square feet of its industrial holdings in six separate deals.

ProLogis, working under a number of affiliated names, sold multiple properties – including two warehouses housing Cummins Inc.’s distributions operations – to Exeter Property Group, according to warranty deeds signed Dec. 29. They include:

45. Stoney River Steakhouse Opens in Saddle Creek -

J. Alexander’s Holdings Inc. has announced the opening of its 11th Stoney River Steakhouse and Grill in the Saddle Creek development in Germantown.

46. Verso Files For Bankruptcy Reorganization -

Verso Corp. filed Tuesday, Jan. 26, for Chapter 11 federal bankruptcy reorganization.

David J. Paterson, the president and CEO of the North American producer of printing, specialty papers and pulp, described the decision to file for reorganization as “difficult.”

47. International Real Estate Firms Find Purchase Potential in Memphis -

International investors and developers are increasingly looking to Memphis because the market is stable and the returns are high, according to a variety of real estate professionals doing business locally.

48. Captain D’s Sells For $2 Million -

A Captain D’s location in Southeast Memphis has sold for $2 million, according to a Jan. 13 warranty deed.

The Gulla Fadia trust sold the property to California-based Treja Holdings. According to the Shelby County Assessor of Property, the building at 4209 Hacks Cross Roadwas built in 2004 and measures 2,443 square feet. It was most recently appraised at $667,300.

49. Captain D’s Sells For $2 Million -

A Captain D’s location in Southeast Memphis has sold for $2 million, according to a Jan. 13 warranty deed.

The Gulla Fadia trust sold the property to California-based Treja Holdings. According to the Shelby County Assessor of Property, the building at 4209 Hacks Cross Road was built in 2004 and measures 2,443 square feet. It was most recently appraised at $667,300. According to the LoopNet listing, the Captain D’s has more than 10 years remaining on its lease.

50. Olymbec Compiling Airport-Area Office Park -

Olymbec USA LLC is gaining critical mass near Memphis International Airport with the planned purchase of a 133,600-square-foot office building at 2600 Nonconnah Blvd.

51. City Council Approves Colonial Conversion, Vintage Trolley Purchase -

One of two golf courses at Colonial Country Club would give way to houses under a planned development approved Tuesday, Jan. 19, by the Memphis City Council.

The council approved a development that would turn the north course at Colonial into either a mix of single-family homes, townhouses and cottages or a mix of housing for senior citizens.

52. Terminix, CDS to Hold Job Fairs Wednesday -

A pair of job fairs on Wednesday, Jan. 20, is giving Memphis-area job seekers two chances to meet with potential employers.

Memphis-based pest-control company Terminix will hold its job event Wednesday from 9 a.m. to 11 a.m. at 6399 Shelby Oaks Drive. The company, a division of ServiceMaster Global Holdings, is seeking to fill 120 positions at its Memphis call center over the next six months, with new hire classes starting at the beginning of each month. The full-time customer service positions pay $11 an hour.

53. Gastro One Sells Five Shelby County Properties -

A health care real estate investment trust has acquired five of Gastro One’s Shelby County property holdings in transactions totaling $15 million, according to deeds filed with the Shelby County Register’s Office.

54. First Building Permit Pulled For Crosstown Concourse Build-Out -

495 N. Watkins St.
Memphis, TN 38104

Permit Amount: $15.6 million

Application Date: January 2016

55. Outside the Box -

Southwest Tennessee Community College is opening its new Whitehaven Center on Tuesday, Jan. 19. The building, which accommodates nearly 2,000 students at 1234 Finley Road off Elvis Presley Boulevard, is seeing new life following its run as a Kroger store that closed in 2011.

56. Gastro One Sells Five Shelby County Properties -

A health care real estate investment trust has acquired five of Gastro One’s Shelby County property holdings in transactions totaling $15 million, according to deeds filed with the Shelby County Register’s Office.

57. US Stocks Veer Lower Following Another Drop in Price of Oil -

A slump in crude oil prices and other commodities weighed on stocks in afternoon trading Monday. Energy companies were among the biggest decliners as the price of crude oil sank to the lowest level in more than a decade. Investors also weighed the implications of another drop in China's stock market.

58. Collierville Assisted Living Facility Sells for $17 Million -

601 Wolf River Blvd.
Collierville, TN 38017

Sale Amount: $17 million

Sale Date: Dec. 29, 2015

59. 7-Building Century Center Sells For $48.3 Million -

A light industrial business park in Northeast Memphis has sold for $48.3 million.

Boston-based Taurus Investment Holdings LLC acquired the seven-building Century Center Business Park on Dec. 30 from GID Investment Advisers, which had owned it for a decade. Miami-based Holliday Fenoglio Fowler LP marketed the park on behalf of GID.

60. Lamar Buys Clear Channel Billboards in Memphis -

Lamar Advertising Co. has acquired Clear Channel Outdoor’s billboards in Memphis and four other cities in a $458.5 million deal.

61. 7-Building Century Center Sells For $48.3 Million -

A light industrial business park in Northeast Memphis has sold for $48.3 million.

Boston-based Taurus Investment Holdings LLC acquired the seven-building Century Center Business Park on Dec. 30 from GID Investment Advisers, which had owned it for a decade. Miami-based Holliday Fenoglio Fowler LP marketed the park on behalf of GID.

62. Lamar Buys Clear Channel Billboards in Memphis -

Lamar Advertising Co. has acquired Clear Channel Outdoor’s billboards in Memphis and four other cities in a $458.5 million deal.

63. Hudson Bay's Online Push, Snaps Up Luxury Deal Site Gilt -

NEW YORK (AP) — Hudson Bay has purchased the luxury deal site Gilt Group Holdings Inc. for $250 million as traditional retailers follow shoppers, and their money, online.

64. Mall of Memphis Property Bought by Trucking Company -

113-Acre Former
Mall of Memphis Site
Sale Amount: $3.9 million

Sale Date: Dec. 29, 2015
Buyer: TAG Real Estate Holdings LLC
Seller: Memphis Industrial Properties LLC (Johnson Development Associates Inc.)
Loan Amount: $23 million
Loan Date: Dec. 29, 2015
Lender: Mercedes-Benz Financial Services USA LLC
Details: The 113-acre former Mall of Memphis property has a new owner. TAG Real Estate Holdings, an affiliate of Memphis-based TAG Truck Enterprises LLC, paid $3.9 million, or $34,513 an acre, to buy the property from Johnson Development Associates Inc., acting as Memphis Industrial Properties LLC.

65. Mall of Memphis Land Sold to Trucking Company -

The development company that wanted to build a speculative industrial park on the former Mall of Memphis site has sold the property instead.

Johnson Development Associates, Inc., acting as Memphis Industrial Properties, LLC, has unloaded the Mall of Memphis land in a Dec. 29 warranty deed.

66. iBank Tower Sells for $19.2 Million -

The iBank Tower, located at 5050 Poplar Ave., has sold for $19.2 million, and for the first time, the same owner controls both the iBank Tower and the nearby Clark Tower at 5100 Poplar Ave.

67. Family Safety Center Awarded Grant for Shelter Services -

For women escaping domestic violence, overcrowded shelters only aggravate a fragile transition. To ensure safety, the Family Safety Center of Memphis and Shelby County is adding temporary hotel and apartment housing to its list of domestic violence services.

68. Howard Stern Announces 5-Year Deal With Sirius XM -

NEW YORK (AP) — Much has changed for Howard Stern and SiriusXM since their first deal a decade ago — except for their desire to stay in business together.

The company announced Tuesday its third five-year deal to keep Stern's radio show at SiriusXM, together with a longer-term video arrangement that will allow fans to see as well as hear his program and have access to 30 years of career highlights.

69. Scotts LawnService to Merge With TruGreen -

Memphis-based TruGreen Holdings Inc. is merging in a joint venture with the Scotts LawnService division of Scotts Miracle-Gro Co. of Marysville, Ohio.

70. Scotts LawnService to Merge With TruGreen -

Memphis-based TruGreen Holdings Inc. is merging in a joint venture with the Scotts LawnService division of Scotts Miracle-Gro Co. of Marysville, Ohio.

71. Makowsky Ringel Greenberg Buys 8 Acres Near Broad Avenue -

The bids have been opened. Memphis-based multifamily housing manager and developer Makowsky Ringel Greenberg won the eight acres of vacant Sam Cooper right-of-way announced for sale early last month.

72. St. Jude Files $10 Million Construction Permit -

650 St. Jude Place
Memphis, TN 38105

Permit Amount: $10 million

Application Date: Nov. 24, 2015

Owner: St. Jude Children’s Research Hospital

Tenant: St. Jude Children’s Research Hospital

73. Saddle Creek Snags Pizza Joint -

Grimaldi’s Pizza is joining the ranks of Saddle Creek’s new offerings with a plan to open in spring 2016.

The 3,500-square-foot restaurant will be located at Saddle Creek North next to J. Crew.

74. Olymbec Buys Office Building for $2.8M -

Olymbec USA LLC has purchased a six-story office building in the South Memphis/Alcy Road area for $2.8 million, according to a Friday, Nov. 20, warranty deed.

75. Olymbec Buys Office Building for $2.8M -

Olymbec USA LLC has purchased a six-story office building in the South Memphis/Alcy Road area for $2.8 million, according to a Friday, Nov. 20, warranty deed.

76. TVA Begins Work On Memphis Natural Gas Plant -

2480 HENNINGTON AVE
Memphis, TN 38109

Permit Amount: $5 million; $1.4 million

Application Date: Nov. 17

Owner: Tennessee Valley Authority

Tenant: Tennessee Valley Authority

77. Saddle Creek Snags Pizza Joint -

Grimaldi’s Pizza is joining the ranks of Saddle Creek’s new offerings with a plan to open in spring 2016.

The 3,500-square-foot restaurant will be located at Saddle Creek North next to J. Crew.

78. Berkshire Hathaway Reduces Goldman Sachs, Wal-Mart Stakes -

OMAHA, Neb. (AP) — Investor Warren Buffett's company sold some of its Goldman Sachs and Wal-Mart shares during the third quarter, and made several smaller changes to its stock portfolio.

79. Terminix Acquires Alterra Pest Control -

Terminix has acquired the assets of Alterra Pest Control, a three-year-old company that in a short time has grown to become one of the 15 largest residential pest control companies in the U.S.

The acquisition was announced Wednesday, Nov. 11. Alterra, which has 22 branches in 15 states, will continue to use its name.

80. Terminix Acquires Alterra Pest Control -

Terminix has acquired the assets of Alterra Pest Control, a three-year-old company that in a short time has grown to become one of the 15 largest residential pest control companies in the U.S.

The acquisition was announced Wednesday, Nov. 11. Alterra, which has 22 branches in 15 states, will continue to use its name.

81. Terminix Acquires Alterra -

Terminix has acquired the assets of Alterra Pest Control, a three-year-old company that in a short time has grown to become one of the 15 largest residential pest control companies in the U.S.

82. Below the Waterline -

As of the end of October, the S&P 500 index had gained 2.59%. Unfortunately, for diversified investors, there is more to the story. The S&P 500 is a market capitalization weighted index, meaning the largest of the 500 companies have the largest influence over index performance.

83. US Sues Over Proposed Deal Between United, Delta at Newark -

WASHINGTON (AP) — The federal government wants to block a deal that would increase United Airlines' grip over Newark Liberty International Airport, saying that it would drive up fares.

84. ServiceMaster Sells Common Stock -

Shareholders of Memphis-based ServiceMaster Global Holdings Inc. have sold an aggregate of nearly 29 million shares of common stock.

85. ServiceMaster Gains Revenue, Income -

ServiceMaster Global Holdings Inc. posted net income of $49 million in its most recent fiscal quarter.

That compared to a $4 million net loss in third quarter 2014, according to the Memphis-based company’s third-quarter earning report released Tuesday, Nov. 3.

86. Miniature Golf Course to Be Built in Cordova -

Vantage Point Holdings LLC has filed an application permit with the Shelby County Land Use Control Board to add an 18-hole miniature golf course to its 15-acre Vantage Point Golf Center in Cordova.

87. Miniature Golf Course To Be Built in Cordova -

Vantage Point Holdings LLC has filed an application permit with the Shelby County Land Use Control Board to add an 18-hole miniature golf course to its 15-acre Vantage Point Golf Center in Cordova.

88. ServiceMaster Gains Revenue, Income -

ServiceMaster Global Holdings Inc. posted net income of $49 million in its most recent fiscal quarter.

89. Longleaf Funds Hit Third-Quarter Slump -

All four of Memphis-based Southeastern Asset Management’s Longleaf family of mutual funds were in negative territory in the third quarter.

The company gave something of an apology in a letter to shareholders, laying bare the funds’ investing methodologies and the team’s willingness to learn when things go wrong and to iterate its approach where necessary.

90. Mix It Up -

Memphis’ development eye is turning inward and upward as mixed-use projects are becoming more common than ever before.

Usually a mode of survival for densely packed cities, residential, office, retail and even manufacturing are cohabitating in single mixed-use buildings or lots as a way to recoup Memphis’ sprawl. Downtown and Midtown are being combed for infill and adaptive reuse possibilities as millennials are moving to the urban core in droves.

91. State Systems Inc. Buys New HQ -

One of the Economic Development Growth Engine’s latest payment-in-lieu-of-taxes recipients is expanding its market footprint and real estate holdings with the recent purchase of seven Memphis properties.

92. Longleaf Funds Hit Third-Quarter Slump -

All four of Memphis-based Southeastern Asset Management’s Longleaf family of mutual funds were in negative territory in the third quarter.

The company gave something of an apology in a letter to shareholders, laying bare the funds’ investing methodologies and the team’s willingness to learn when things go wrong and to iterate its approach where necessary.

93. Trinity Ridge Business Center Sells for $16M -

7730, 7740, 7750, 7760, 7866 Trinity Road
Cordova, TN 38018
Sale Amount: $16 million

94. Tanger Southaven Expected To Drive More DeSoto County Retail -

At its grand opening Nov. 20, Tanger Outlets Southaven mall will finally see light after years of development.

The project, which initially was developed by Memphis-based Poag Shopping Centers and shelved during the recession, was revived thanks to a relationship with national group Tanger Factory Outlet Centers Inc. and several public partnerships with DeSoto County and the state of Mississippi.

95. From Costumes to Candy, Halloween Means Green for Select Retailers -

Halloween is big business for the retail industry, whether it’s costumes, candy or party supplies.

The National Retail Federation reports more than 157 million Americans plan to celebrate Halloween this year. Its Halloween Consumer Spending Survey conducted by Prosper Insights & Analytics reports the average person will spend $74.34, with total Halloween spending expected to reach $6.9 billion.

96. Boyle Sells Winchester Distribution Center -

Delaware-based Olymbec USA LLC is the new owner of the Winchester Distribution Center at 444 Winchester Road.

97. Record Q3 Profit at United Fueled by Cheap Fuel -

DALLAS (AP) — Helped by lower jet fuel prices, United Airlines posted a record third-quarter profit even with lower revenue and airfares.

The airline's new acting CEO renewed his predecessor's pledge to improve service and boost profit margins.

98. Boyle Sells Winchester Distribution Center -

Delaware-based Olymbec USA LLC is the new owner of the Winchester Distribution Center at 444 Winchester Road.

99. Belz Sells Champion Hills Office Building for $7.8M -

3725 Champion Hills Drive
Memphis, TN 38125
Sale Amount: $7.8 million

Sale Date: Oct. 8, 2015
Buyer: Champion Hills Realty Holdings LLC
Seller: Belz Investco GP
Loan Amount: $5.5 million
Loan Date: Oct. 5, 2015
Lender: C-III Commercial Mortgage LLC
Details: Belz Enterprises made another big real estate deal on the tail of its recent announcement to redevelop the corner of McLean Boulevard and Union Avenue into a mixed-use development.

100. Belz Sells Office Building Near Windyke for $7.8M -

Belz Enterprises made another big real estate deal on the tail of its recent announcement to redevelop the corner of McLean Boulevard and Union Avenue into a mixed-use development.

In an Oct. 8 warranty deed, Belz Investco GP sold the four-story office building at 3725 Champion Hills Drive for $7.8 million to Faropoint Ventures LLC acting as Champion Hills Realty Holdings LLC.