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Editorial Results (free)

1. Village Shops of Forest Hill Sold for $37.1 Million -

A 360,000-square-foot commercial retail center in Germantown was recently purchased by Epic Real Estate Partners acting as EREP Forest Hill I LLC for $37.1 million.

2. Evolving PILOT Programs in Memphis Look to Restore Competitive Balance -

When the Memphis-Shelby County Economic Development Growth Engine approved its Fast Track payment-in-lieu-of-taxes (PILOT) program earlier this year, it was with the hopes of bringing back a competitive balance between Memphis and North Mississippi.

3. Growing Pains -

In many ways, Citizens to Preserve Overton Park v. Volpe in 1971 shaped the way Midtown Memphis looks today, so it’s only fitting that the park continues to inspire citizens to fight for what they feel is right.

4. Short-Term Leases Help Retail Industry Navigate Busy Shopping Season -

With the holiday shopping season already in full swing, some companies in need of additional space to help alleviate their seasonal storage requirements are finding willing landlords as partners.

Because holiday retail sales are expected to significantly rise above the 10-year average and increase 3.6 percent to $655.8 billion nationally, according to the National Retail Federation, it’s no surprise local companies are looking to work out year-end deals with landlords trying to fill leftover space.

5. US Bank Earnings Up Nearly 13 Percent in Q3 -

WASHINGTON (AP) – U.S. banks' earnings in the July-September period jumped nearly 13 percent from a year earlier as continued growth in lending fueled interest income.

The data issued Tuesday by the Federal Deposit Insurance Corp. showed strength in the banking industry more than eight years after the financial crisis struck. However, the impact of low oil prices on energy companies led banks to continue to post bigger losses on commercial and industrial loans. Some energy companies have struggled to repay loans, causing distress for banks in oil and gas producing regions.

6. Kirk-Ivy Named 2016 Mississippi Commercial Realtor -

Bambi K. Kirk-Ivy, a commercial Realtor and marketing director at Olive Branch-based Utley Properties, recently was recognized as the 2016 Mississippi Commercial Realtor of the Year at the annual Mississippi Realtors Convention and Expo.
As a landlord representative for all of Utley’s properties, most of Kirk-Ivy’s work has been in retail; however, she says the company is now focusing on light industrial-type flex spaces consisting of office, showroom and warehouse uses.
In 2017, she also will serve as the northern district director on the Mississippi Commercial Association of Realtors board of directors. 

7. Morris Auction Group Adds New Services in Destin, Fla. -

Six months after Memphis-based Morris Auction Group expanded into Destin, Florida, the company is expanding the scope of its services there.

Morris’ Destin branch, Luxury Estates Auction Co., has added a new arm focused on traditional real estate services. Called Luxury Estates Realty Group, the arm will focus on showcasing and selling high net worth properties in the Destin/30A area and the Northwest Florida region.

8. Mortgage Rates Keep Rising After Trump's Election Win -

WASHINGTON (AP) – Long-term U.S. mortgage rates continued to surge last week in the aftermath of Donald Trump's election win.

Mortgage giant Freddie Mac said Wednesday that the average rate on a 30-year fixed rate loan shot up to 4.03 percent, the highest since July 2015 and up from 3.94 percent a week earlier. The rate on 15-year home loans climbed to 3.25 percent, up from 3.14 percent last week and highest since January.

9. Morris Auction Group Adds New Services in Destin, Fla. -

Six months after Memphis-based Morris Auction Group expanded into Destin, Florida, the company is expanding the scope of its services there.

Morris’ Destin branch, Luxury Estates Auction Co., has added a new arm focused on traditional real estate services. Called Luxury Estates Realty Group, the arm will focus on showcasing and selling high net worth properties in the Destin/30A area and the Northwest Florida region.

10. Gill Seeks $25 Million Permit For New MAA Headquarters -

6815 U.S. 72

Germantown, TN 38138

Permit Amount: $25 million

Future Tenant: MAA

11. Memphis 3.0 Plan Weighs Scale Of Development -

Office towers close to smaller-scale retail or residential development is one of the themes in the still emerging plan for the expansion of St. Jude Children’s Research Hospital in the Pinch district.

12. Wyatt Aiken, Accomplished Memphis Commercial Real Estate Broker, Dies -

Widely known and highly respected Memphis commercial real estate broker Wyatt Aiken died Friday morning after an extended illness.

Aiken was executive vice president/CEO of Cushman Wakefield-Commercial Advisors. Among his many professional achievements, Aiken served as president of the SIOR (Society of Industrial and Office Realtors) Memphis Chapter in 2007-2008.

13. EDGE Board Approves Fast Track PILOT -

The Economic Development Growth Engine of Memphis and Shelby County approved an incentives request from International Distributors USA to relocate from Olive Branch and expand in Memphis.

The Fast Track payment-in-lieu-of-taxes (PILOT) clears the way for International Distributors to move from its current 165,000-square-foot location in Olive Branch to a 510,310-square-foot facility at 4770 Hickory Hill Road in South Memphis.

14. 1 Worker Killed, Another Injured at Cargill Plant In Memphis -

MEMPHIS, Tenn. (AP) – Police say a worker has been killed and another has been injured in an industrial accident at the Cargill plant in Memphis.

Memphis police spokesman Louis Brownlee says a wall collapsed during demolition at the plant at around 10:45 a.m. Wednesday. Brownlee says the injured worker was taken to a hospital in non-critical condition. The names of the workers have not been released.

15. St. Jude Planning Renovation Of Tri Delta Place -

350 N. Third St.

Memphis, TN 38105

Permit Amount: $3.5 million

Application Date: November 2016

16. Olive Branch Operation Eyes Relocation to Memphis -

International Distributors USA Inc., which distributes automotive filters under the brand Premium Guard, has applied for a 10-year Fast Track PILOT to move its national distribution center out of Olive Branch and into Hickory Hill.

17. Auto Safety Supplier Autoliv Moves Into Memphis -

Autoliv, the world’s largest auto safety supplier, has signed a lease to move into a 157,366-square-foot distribution facility in Olive Branch, Mississippi.

Hillwood Investment Properties announced the lease Monday, Nov. 14.

18. Specialized Lending Teams Helping Banks Build Business Relationships -

Standing apart from the competition in banking is not necessarily the simplest thing to do, given that key aspects of the industry – making loans, taking deposits and the like – look so similar from one institution to the next.

19. Last Word: Election Day Arrives, Compass Changes Course and Downtown Dining -

…Some notes and observations on Election Eve from someone who does this for a living…

Most of you – around 60 percent of the total number of people who will cast ballots in Shelby County in this election cycle – have already voted if past Presidential election cycles in Shelby County are any indication. You voted early.

20. The Role Of Conscious Corporations -

Denial of a human-centric world and its impact on the planet since the industrial revolution is no longer an acceptable worldview.

In March, we reached the point of no return, the point where most credible international scientists agree that damage will be unprecedented and relentless. As we have surpassed global CO2 concentrations at 400 parts per million (PPM), let’s make this alarm a time for changing the purpose of business.

21. Ten-X: Memphis 3rd Best Market for Industrial Investors -

The strength of the Memphis MSA industrial market has made it the third best market in the U.S. for investment buyers, according to a new report from online real estate transaction firm Ten-X LLC.

22. Cordova Flex Development Sells for $6.3 Million -

The Horizon Business Center, a flex warehouse development on the north side of Interstate 40 near Wolfchase Galleria, has sold for $6.3 million.

Three limited liability companies affiliated with Louisville, Colorado-based Real Capital Solutions bought the 23,750-square-foot building at 2525 Horizon Lake Drive and the 41,300-square-foot building at 2565 Horizon Lake Drive from MM Industrial Memphis LLC in an Oct. 25 warranty deed.

23. Experts: Memphis Competitive on Commercial Real Estate Front -

Incentives are an indispensable tool for attracting major corporate tenants to Memphis. Memphis industrial real estate activity is hot, there’s something of a war for office sector talent and there’s been good absorption of multifamily space in Memphis this year.

24. Local Real Estate Sectors Show Positive Absorption -

Vacancy in the Memphis MSA industrial market has hit a five-year low as 3.5 million square feet of space has been absorbed so far this year, according to the latest MarketView Report from CBRE.

In the third quarter, the Memphis MSA saw 843,827 square feet of positive net absorption, down about 27 percent from the previous quarter.

25. Austin Insulation Stays On Call Even Into the Middle of the Night -

The work won’t wait. When it needs to be done, it needs to be done and it needs to be done right. Wayne Austin, president of Austin Insulation, has always operated with that mindset.

26. Tire Plant Breaks Ground Amid Concerns Over Local Contracts -

CLINTON, Miss. (AP) – Mississippi and Continental AG leaders Thursday celebrated the start of construction of the German company's $1.45 billion tire plant west of Jackson.

But during the ceremonial groundbreaking, U.S. Rep. Bennie Thompson added his voice to those who want local and minority-owned businesses to get as much of the work involved in the mammoth construction project as possible.

27. Memphis Real Estate Sectors All Show Positive Absorption -

Vacancy in the Memphis MSA industrial market has hit a five-year low as 3.5 million square feet of space has been absorbed so far this year, according to the latest MarketView Report from CBRE.

In the third quarter, the Memphis MSA saw 843,827 square feet of positive net absorption, down about 27 percent from the previous quarter.

28. All Roads End in Hollywood -

Blame it on Disney Pixar. When our son was younger he was obsessed with the “Cars” movie.

So when planning what originally was supposed to be a Route 66 road trip, who couldn’t pass up the opportunity to stay in a concrete wigwam that closely resembles the Cozy Cone Motel from the movie?

29. Commercial Real Estate Market On Strong Run -

When it comes to commercial real estate, Memphis is on a tear at the moment.

That’s according to Andy Cates, president and CEO of brokerage services for Colliers International in Memphis. Looking back on 2016, he’s ebullient about the abundant new construction that has characterized the year, as well as the large amount of capacity still in place and the promise of what’s to come in 2017.

30. Last Word: Election Impact, Fun with Election Cross Tabs and DeSoto vs. Marshall -

Now, about the idea being discussed starting late last week that when the Feds are looking at someone running for office or holding office they have to take into consideration how close the next election is for that person.

31. GE, Baker Hughes Create Powerful New Player in Energy Sector -

NEW YORK (AP) – General Electric is taking advantage of a prolonged energy slump to become a bigger player in the oil and gas drilling business, a bet that could pay off big when prices recover.

32. Cordova Flex Development Sells for $6.3 Million -

The Horizon Business Center, a flex warehouse development on the north side of Interstate 40 near Wolfchase Galleria, has sold for $6.3 million.

Three limited liability companies affiliated with Louisville, Colorado-based Real Capital Solutions bought the 23,750-square-foot building at 2525 Horizon Lake Drive and the 41,300-square-foot building at 2565 Horizon Lake Drive from MM Industrial Memphis LLC in an Oct. 25 warranty deed. The seller had owned the properties since 2005.

33. McNeill Commercial Real Estate Thrives By Focusing on Flexibility -

McNeill Commercial Real Estate doesn’t focus on one discipline, location or product type.

While some developers focus on multifamily, retail or industrial properties, for example, McNeill dabbles in it all. That includes a hospitality group that started in 2014 to expand on its already present hotel focus.

34. Industrial Real Estate Competition Heats Up Between DeSoto, Marshall -

A North Mississippi industrial park more than 10 years in the making is reaching the finish line. By next May, Hillwood Investment Co. will wrap construction on a 947,000-square-foot warehouse on the final parcel in the DeSoto Trade Center.

35. Real Estate Awakening -

The year’s biggest office deal didn’t affect Memphis’ office absorption at all, but everyone in real estate has felt its reverberations.

When ServiceMaster Global Holdings announced its move to the shuttered Peabody Place Mall from Ridge Lake office park, it promised new life for a 328,000-square-foot black hole in Downtown’s retail market.

36. Last Word: MATA Plans Bigger, Tiger Football Exits and Heartbreak Hotel Closes -

With a set of route and schedule changes about to hit the streets in December, the Memphis Area Transit Authority is embarking on a larger more comprehensive change in the city’s bus system. It is nothing less than a rebuilding of the city’s public transportation system that starts the planning process in November.

37. Spate of Big Deals Among CRE Trends In 2016 -

Ask CBRE senior associate Gray Fiser to sum up the commercial real estate market in Memphis over the course of 2016, and he’s ready with a few quick bullet points by way of reply.

Fast forward, say, five years from now, he explains, and these are the things likely still being talked about:

38. With MAA, TraVure Is Gateway To Germantown -

The developer of Germantown’s mixed-use TraVure project is anxious to start work on the development’s centerpiece, a five-story Class A office building that now has an anchor tenant for most of the space – the headquarters of Memphis-based MAA, or Mid-America Apartment Communities Inc.

39. Last Word: MAA and TraVure, JT Votes Early and Minority Biz Momentum -

Big news overnight for one of several corporate headquarters moves we’ve been watching in the last year. Mid-America Apartments LP is poised to become the anchor of the TraVure mixed-use development on the western side of Germantown.

40. Germantown PILOT for MAA Headquarters Move to TraVure Approved -

Memphis-based Mid-America Apartments LP has won approval from Germantown leaders of financial incentives for a new headquarters in the TraVure development in Germantown.

41. Germantown PILOT for MAA Headquarters Move to TraVure Approved -

Memphis-based Mid-America Apartments LP has won approval from Germantown leaders of financial incentives for a new headquarters in the TraVure development in Germantown.

42. Olymbec Buys Midtown Office Building for $10.2M -

Canada-based Olymbec has purchased a Midtown office building for $10.2 million.

G&I Mid Memphis Tower LLC sold the property to Olymbec USA LLC in an Oct. 5 warranty deed.

43. International Paper Co. Executives Retiring -

International Paper chief financial officer Carol Roberts will retire at the end of March along with William Hoel, the senior vice president of IP’s container division for the Americas, the company has announced.

44. Medical District Begins Buy Local Program -

Nine hospitals and universities within the Memphis Medical District are inviting Memphis-based innovators, entrepreneurs and existing companies to help solve operational challenges within their supply chain.

45. US Factory Production Rebounded in September -

WASHINGTON (AP) — U.S. manufacturers boosted output modestly last month, led by greater production of construction supplies, autos and petroleum products.

Factory production rose 0.2 percent in September, following a decline of 0.5 percent in the previous month, the Federal Reserve said Monday. The broader industrial production category, which includes mining and utilities, ticked up 0.1 percent.

46. Innovation And The Tech World -

While the world of technology has filled the world with tools of productivity and connection, it has its drawbacks. Many people today suffer from the shadow side of technology.

Droves of burned out, screen-addicted zombies sign up for Digital Detox weekends. Families schedule a family night without cellphones at the table once a week or only allow their preschoolers to play games after reading. Technology has imploded many of the societal norms we once held sacred: look how online dating has disrupted generations of rituals.

47. Olymbec Makes Midtown Office Purchase -

Canada-based Olymbec has purchased a Midtown office building for $10.2 million.

G&I Mid Memphis Tower LLC sold the property to Olymbec USA LLC in an Oct. 5 warranty deed.

48. Two International Paper Executives to Retire -

International Paper chief financial officer Carol Roberts will retire at the end of March along with William Hoel, the senior vice president of IP’s container division for the Americas, the company has announced.

49. Southeast Memphis Portfolio Sells for $23.6 Million -

Multiple Properties

Memphis, TN 38118

Sale Amount: $23.6 million

Sale Date: Sept. 27, 2016

50. Construction Set to Begin on 5-Mile Trail in West Memphis -

LITTLE ROCK, Ark. (AP) – Crittenden County officials said a proposed 5-mile walkway along the Mississippi River wetlands will generate more tourism revenue to West Memphis and encourage industrial development.

51. Four Properties Sold On Presidents Island -

Four industrial properties on Presidents Island have sold for $18 million.

Ergon Terminaling Inc. sold the properties in an Oct. 5 warranty deed to BKEP Terminalling LLC. Robert H. Lampton, president, signed on behalf of the seller.

52. Meet Olli -

With deep and well-funded resources such as Oak Ridge National Laboratory and the University of Tennessee, the Knoxville region is no stranger to innovation in science and technology.

But a new kid on the block, Local Motors, has the potential to spark a whole new era of manufacturing innovation and make Knoxville a hotbed for a technology sector widely considered to be truly revolutionary – self-driving cars.

53. Silicon Ranch Developing Millington Solar Farm for Long Haul -

Millington is about to be the home of the largest solar power plant in Tennessee thanks to a public and private partnership with a commitment to renewable energy.

The project brings together private Nashville-based renewable energy provider Silicon Ranch Corp. with the U.S. Navy, Tennessee Valley Authority (TVA), Memphis Light, Gas and Water Division and the Millington Industrial Development Board (MIDB), all large public entities with overlapping initiatives, which is no small feat, according to all the parties involved.

54. 4 Presidents Island Properties Sold -

Four industrial properties on Presidents Island have sold for $18 million.

Ergon Terminaling Inc. sold the properties in an Oct. 5 warranty deed to BKEP Terminalling LLC. Robert H. Lampton, president, signed on behalf of the seller.

55. Two More Boutique Hotels to Arrive Soon -

An out-of-town developer with one hotel planned for the Downtown market has purchased the former Memphis College of Art graduate school at 477 South Main for another hotel.

California-based Wessman Holdings was attracted to Downtown’s growth of boutique hotels and abundance of vacant buildings, said principal John Wessman.

56. Logistical Nightmare -

Lamar Avenue is a $300 million problem. Rush hour on Lamar turns into several hours, and for the hundreds of distribution centers located near the corridor, just-in-time delivery is nearly impossible in the face of miles of congested traffic.

57. Police: Man Who Shot 2 at Tennessee Plant Had Gun Permit -

ATHENS, Tenn. (AP) – A man who fatally shot two supervisors and then killed himself at an electrical components plant in eastern Tennessee had a state-issued permit to carry handguns in public, law enforcement officials said Friday.

58. Utility Manufacturer Announces $12M Arkansas Plant Expansion -

BATESVILLE, Ark. (AP) – A manufacturer of four-wheel drive utility vehicles and zero-turn mowers says it's expanding its manufacturing plant in Arkansas and building a second facility, a move the company says will add 400 new full-time employees over four years.

59. With Economic Outlook Hazy, Fed Likely to Leave Rates Alone -

WASHINGTON (AP) – Again and again in recent months, the Federal Reserve has signaled that it's edging closer to resuming the interest-rate hikes it began in December.

It just doesn't seem to be there quite yet.

60. Trio of Industrial Properties Sells for $9.6 Million -

Three industrial properties in southeast Shelby County have sold for $9.6 million.

In a Sept. 8 warranty deed, Colfin Cobalt I-II Owner LLC sold its holdings at the Malone Distribution Park to O’Donnell Memphis E-Commerce Distribution Center LLC.

61. A Flurry of Tepid Economic Data Could Lead Fed to Delay Hike -

WASHINGTON (AP) – U.S. factory output fell, consumers cut back at retailers and wholesale prices went nowhere in August, the latest evidence of a less-than-robust economy. The weak numbers could give the Federal Reserve further reason to hold off on raising interest rates when it meets next week.

62. US Retail Sales Slump 0.3 Percent, Ending 4 Months of Gains -

WASHINGTON (AP) – U.S. shoppers retreated in August, cutting back their spending at auto dealers, furnishers and building material stores to depress overall retail sales after four straight monthly gains.

63. US Manufacturing Output Stumbled in August -

WASHINGTON (AP) – U.S. factory production fell last month amid cutbacks in appliances, home electronics and machinery, threatening hopes for a manufacturing rebound after two previous months of gains.

64. Last Word: Rallings on Protests, New Home Sales Numbers and Special Session Over -

$10 million goes a long way toward establishing a new school.

But Crosstown High School was not among the new high schools that garnered grants Wednesday from the XQ Super School Project.

65. Three Industrial Properties Sell for $9.6 Million -

Malone Distribution Park 

Memphis, TN 38118

Sale Amount: $9.6 million

Sale Date: Sept. 8

66. Trio of Industrial Properties Sells for $9.6 Million -

Three industrial properties in southeast Shelby County have sold for $9.6 million.

In a Sept. 8 warranty deed, Colfin Cobalt I-II Owner LLC sold its holdings at the Malone Distribution Park to O’Donnell Memphis E-Commerce Distribution Center LLC.

67. US Stocks Slump As Traders Fear Higher Interest Rates -

Investor jitters over the possibility the Federal Reserve is ready to raise interest rates this year roiled Wall Street Friday, handing the stock market its worst day in more than two months.

The Dow Jones industrial average sank nearly 400 points, its worst single-day loss since June. The broad slump wiped out two months of gradual gains, jolting the market out of a mostly flat course over the past several weeks.

68. Enoble Business Capital Offices Sell in Foreclosure -

813 Ridge Lake Blvd.

Memphis, TN 38120

Sale Amount: $9.6 million

Sale Date: Aug. 31, 2016

Buyer: Merchants Capital Real Estate LLC

69. GE Ups Its Digital Game, Snaring Two 3-D Printing Companies -

WASHINGTON (AP) – General Electric is continuing its push into the digital realm, spending $1.4 billion to acquire two European 3-D printing companies.

At the same time, it's upping its old-school manufacturing capabilities with technology that will allow it to quickly punch out components for the automotive, airline and health industries at the whim of any client.

70. Slower Hiring in August Signals Fed Rate Hike Less Likely -

WASHINGTON (AP) – After two months of blockbuster gains, U.S. employers slowed their hiring in August to a modest increase of 151,000, reducing the likelihood that the Federal Reserve will raise interest rates when it meets this month.

71. Like a Troll Under Poplar and Union, Flicker Street Flourishing as Arts District -

The Poplar/Union viaduct passes over a collection of half-moon shaped Quonset huts that look unlike any other building type in Memphis.

These mid-century warehouses on Flicker Street make up a modern-day artist enclave tucked between Chickasaw Gardens and Central Gardens.

72. Red-Hot Jobs -

With unemployment low and falling and competition stiff and rising, accounting firm DHG Memphis is putting the full-court press on recruiting and hiring.

The full-service firm, which has been in Memphis for 60 years, is growing at a double-digit clip and has increased its staff to 110 people.

73. US Factory Activity Shrinks for First Time in 6 Months -

WASHINGTON (AP) – U.S. manufacturing contracted last month for the first time since February, as new orders and output plummeted and factories cut jobs.

The Institute for Supply Management said Thursday that its manufacturing index dropped to 49.4 in August from 52.6 in July. Any reading below 50 signals contraction.

74. Nonconnah Center Sale Could Boost Market -

In what is sure to be one of the top commercial real estate transactions of the year, the majority of the 1.2 million-square-foot Nonconnah Corporate Center has sold. ReMark Trust, an out-of-town investment group, purchased the property for $57 million.

75. Much of Nonconnah Park Sells for $57 Million -

The majority of the Nonconnah Corporate Center has sold for $57 million.

New York-based Hampshire Properties, acting as Nonconnah Holdings LLC, sold the entirety of its portfolio at the Memphis International Airport-area office park.

76. US Banks’ Q2 Earnings Climbed 1.4 Percent to $43.6B -

WASHINGTON (AP) – U.S. banks' earnings in the April-June period rose 1.4 percent from a year earlier as growth in lending fueled interest income.

The data issued Tuesday by the Federal Deposit Insurance Corp. showed continued strength in the banking industry eight years after the financial crisis struck. However, the impact of low oil prices on energy companies led banks to continue to post bigger losses on commercial and industrial loans.

77. Obscure Midtown Warehouse to Become Company’s HQ -

The warehouse looks like a foreign object that sprouted in the middle of a Midtown neighborhood. Surrounding the two-story warehouse at 802 Rozelle St. are two-story, single-family homes with fenced yards. The adjacent CSX and Union Pacific railyard is the only indicator that this enclave was once an industrial area. After a $2 million renovation, the dated warehouse will emerge as a highly modern neighborhood asset.

78. Council Rejects Residency Requirement Referendum -

Memphis City Council members voted down on third and final reading Tuesday, Aug. 23, a referendum ordinance that would have put a new residency requirement for city employees to voters on the November ballot.

79. Council Votes Down Residency Requirement Referendum -

Memphis City Council members voted down on third and final reading Tuesday, Aug. 23, a referendum ordinance that would have put a new residency requirement for city employees to voters on the November ballot.

80. Artspace Begins $17M Affordable Housing Project -

138 & 120 St. Paul Ave.

Memphis, TN 38103

Permit Amount: $10.5 million

Project Cost: $17 million

81. Last Word: Busy Council Day, Crosstown High and Local Democratic Post Mortem -

There aren’t any terms yet. But it would appear that there is enough common ground between the owners of Wiseacre Brewing and the administration of Memphis Mayor Jim Strickland to take what amounts to a letter of intent on the Mid-South Coliseum to the City Council Tuesday.

82. Thrill-Ride Accidents Spark New Demands for Regulation -

NASHVILLE, Tenn. (AP) – In some parts of the U.S., the thrill rides that hurl kids upside down, whirl them around or send them shooting down slides are checked out by state inspectors before customers climb on. But in other places, they are not required to get the once-over.

83. South Main Artspace Lofts Sets Groundbreaking -

The South Main Artspace Lofts will be moving into South Main this year. The $17 million project, first announced in December 2011, has secured its final round of financing and has set a formal groundbreaking for Sept. 29.

84. A1 Electrical Sparks Successful Move To Predominantly Commercial Work -

A1 Electrical Contractors president Willie Frazier knows how to adapt his company’s business model to achieve success. Over the company’s history, A1 has shifted from doing only residential work in its early years to today handling 95 percent commercial work.

85. Downtown Office Market Picking Up, Industrial Market Could Get Hotter -

Memphis’ office and industrial markets saw strong second quarters, with increased absorption and positive outlooks for the rest of the year.

The quarter was dominated by ServiceMaster Global Holdings’ announcement that it was moving its headquarters from East Memphis to the shuttered Peabody Place mall. The home services and tech company will transform the former mall into a $27 million, Class A office building.

86. South Main Artspace Lofts Sets Sept. 29 Groundbreaking -

The South Main Artspace Lofts will be moving in to South Main this year. The $17 million project, first announced in December 2011, has secured its final round of financing and has set a formal groundbreaking for Sept. 29.

87. Owens Corning Faces PILOT Reduction for Lack of Diversity Spending -

EDGE is showing its teeth. For the first time in the history of the Memphis-Shelby County Economic Development Growth Engine and its predecessor, the Industrial Development Board, the entity is considering punitive measures for a company that failed to meet requirements about diversity contracting.

88. Events -

Tennessee Small Business Development Center will host a workshop on how to get started in government contracting Thursday, Aug. 18, from 9 a.m. to 11 a.m. at the Renaissance Business Center, 555 Beale St. Learn about getting started in government contracting, types of contracts awarded, how to get one-on-one assistance and more. Cost is free; registration required. Visit tsbdc.org/training for details.

89. Events -

Memphis Jewish Community Center will hold a Medicare informational meeting Tuesday, Aug. 16, at 6 p.m. at 6560 Poplar Ave. Larry L. Turner of Imagine Retirement will explain Medicare for those ages 60 to 64. Open to the public; reservations required. Call Jennifer Roberts at 901-761-0810.

90. Events -

Tennessee Medical Association will bring its CME Summer Roadshow, “Dollars and Sense: Understanding State and Federal Healthcare Payment Reform,” to Memphis on Tuesday, Aug. 16, at Saint Francis Hospital-Memphis’ Longinetti Auditorium, 5959 Park Ave. Cost is $175 for TMA members and $275 for nonmembers. Visit tnmed.org/summerroadshow to register.

91. Ares Management Buys Two Industrial Warehouses -

Midwest Tuggle Road Industrial, an affiliate of Investco Realty Advisors, sold two of its industrial assets in Memphis in separate Aug. 8 warranty deeds.

AP Tuggle Road LLC, a company of Ares Management L.P., purchased a 1.1 million-square-foot warehouse for $29.3 million. The property at 4880 Tuggle Road was built in 1990. Electrolux and Ford Motor Co. both lease space in the Class A distribution center.

92. Events -

Memphis Botanic Garden will host Arts and Craft Beers on Friday, Aug. 19, from 6 p.m. to 9 p.m. at 750 Cherry Road. Grab a power tool and create take-home DIY art projects, sample local craft beers and challenge friends to a lawn game at this 21-and-older event. Tickets are $15 for MBG members and $18 for nonmembers and are available at memphisbotanicgarden.com or 901-636-4131.

93. Last Word: The Elvis Bubble, Global Entry At MEM and ARC at the Rec Room -

Elvis Week is with us. If you are on Elvis Presley Boulevard every day you know that the Elvis Week landscape is very different this year with the Guest House at Graceland hotel going up and well underway at this point – 90 percent complete toward a late October opening we were told during a media tour on Wednesday.

94. Ares Management Purchases Two Industrial Warehouses -

Midwest Tuggle Road Industrial, an affiliate of Investco Realty Advisors, sold two of its industrial assets in Memphis in separate Aug. 8 warranty deeds.

AP Tuggle Road LLC, a company of Ares Management L.P., purchased a 1.1 million-square-foot warehouse for $29.3 million. The property at 4880 Tuggle Road was built in 1990. Electrolux and Ford Motor Co. both lease space in the Class A distribution center.

95. A Summer of Ingestion, Part 2 -

It’s been a summer of ingestion – not indigestion. I’ve read, I’ve watched. Last week I wrote about movies. This week the topic is books.

Not long ago I reviewed Chris Bachelder’s “The Throwback Special” (2015). So, you know I liked that novel about 22 guys meeting annually to re-enact one football play. But let me give you another memorable quote from it: “Chad chewed on the inside of his lip, considering whether or not to tell the story about the nest of mice in his dishwasher.”

96. Steady Hiring is Now Benefiting a Broader Group of Americans -

WASHINGTON (AP) – Years of steady job gains have finally begun to benefit a wider range of Americans, including those with less education and in lower-paying jobs.

A second straight month of robust hiring – 255,000 jobs added in July – pointed to employer confidence that suggested that the economy is powering through a slump that struck early this year. The unemployment rate remained a low 4.9 percent, the Labor Department said Friday.

97. In a Sign of Broader Ambitions, Facebook Opens Hardware Lab -

MENLO PARK, Calif. (AP) – Facebook built its fortune on the internet, that non-physical space where people share updates and digital videos with friends. But deep inside its Silicon Valley headquarters, engineers have stocked a new lab with computerized lathes, industrial mills and tools for making physical goods.

98. Crosstown Concourse Spawns New Memphis Brewery -

Crosstown Concourse’s latest tenant is a brewery. Crosstown Brewing Co., a newcomer to Memphis’ craft brew scene, will move into a newly constructed building on the west side of Crosstown Concourse.

99. Moore Tech Graduates Record-Setting Class -

The 2016 class of the William R. Moore College of Technology will graduate 121 students Thursday, July 28, in a ceremony at Lindenwood Christian Church.

100. CyberYard Taps Market For High-Tech Recycling, Preserves Environment -

For the past 15 years, TheCyberYard.com Inc. has done its part to keep the rapidly growing mountain of cyber and packaging waste from going into a landfill or being shipped to dumps in developing nations.