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Editorial Results (free)

1. RegionSmart Details How to Prevent Erosion of Talent, Population -

During his three terms as mayor of Pittsburgh, Tom Murphy had to assume a great deal of risk in transforming the city’s economy from an industrial to an entrepreneurial base.

2. Federal Reserve Keeps Key Rate Unchanged -

The Federal Reserve kept a key interest rate unchanged Wednesday, April 27, against the backdrop of a slowdown in U.S. and global growth and provided no hint of when its next rate hike may occur.

In a statement after its latest policy meeting, the Fed noted that the U.S. is enjoying solid job gains but also that “economic activity appears to have slowed.”

3. Women's Foundation Honors 3 Influential Memphians -

The Women’s Foundation for a Greater Memphis is entering its 21st year as a nonprofit set on transforming the lives of underprivileged women and their families.

The Women’s Foundation hosted its annual Legends Awards Tribute Luncheon on April 29 to honor women in Memphis leadership. Honey Scheidt received the Philanthropy and Leadership Award. Beverly Robertson, the recently retired president of the National Civil Rights Museum, received the Catalyst Award, and Linn Sitler, commissioner with the Memphis-Shelby County Film & Television Commission, was recognized with the Innovation Award.

4. Financial Adviser, To Millennial Investors: Don’t Rush -

As a financial adviser with Morgan Stanley Global Wealth Management in Memphis, Kevin Kimery’s vantage point gives him visibility into the full spectrum of investment behaviors and client types – as well as common mistakes he sees new investors make.

5. Waddell & Associates Merges With International Network -

David Waddell’s Memphis-based investment firm is celebrating the third decade of its existence this year with more than just the acknowledgement of its longevity in the business of managing clients’ money.

6. -

SPECIAL EDITION Securities & Investments
...

7. LMCB Social Does the Marketing Many Small-Business Owners Can’t -

Any business has a lot of variables, unique variables that those not in the industry could never fully grasp.

But time is finite for all. So when Lisa Creswell Busby started her own one-woman shop, LMCB Social, she did so with a certainty of understanding:

8. US Economy Struggles at Start of Election Year -

WASHINGTON (AP) – It was not a great start for the U.S. economy.

With consumers and businesses turning cautious, the U.S. struggled to grow in the first three months of a presidential election year that is shining the spotlight on the economy's fitful recovery.

9. UPS 1st-Quarter Profit Rises 10 Percent, Beating Forecasts -

DALLAS (AP) – United Parcel Service Inc. said Thursday that first-quarter profit rose 10 percent to $1.13 billion, helped by an increase in both ground shipments and next-day air deliveries in the United States.

10. Haslam in Memphis Friday on Way to Asia -

Tennessee Gov. Bill Haslam will be in Memphis Friday, April 29, as Circuit Court Judge Valerie Smith takes the ceremonial oath of office.

11. Roster Remix? Grizzlies May Finally Shake Things Up -

As amazing as it was that the Memphis Grizzlies set an NBA record by using 28 players this past season, it’s almost more unbelievable that they had to sign eight different players to 11 separate 10-day contracts.

12. Fed Keeps Key Rate Unchanged; No Hint on Timing of Next Hike -

WASHINGTON (AP) – The Federal Reserve kept a key interest rate unchanged Wednesday against the backdrop of a slowdown in U.S. and global growth and provided no hint of when its next rate hike may occur.

13. GM Making Investments at Tennessee and Michigan Factories -

SPRING HILL, Tenn. (AP) – General Motors is investing $790 million at its plant in Tennessee and another $118 million in Michigan.

The company said Wednesday that it will create nearly 800 jobs at the Spring Hill Manufacturing Plant as part of the new high-efficiency engine program and other modernization initiatives.

14. Women's Foundation to Honor 3 Influential Memphians -

The Women’s Foundation for a Greater Memphis is entering its 21st year as a nonprofit set on transforming the lives of underprivileged women and their families.

This week, the Women’s Foundation will host its annual Legends Awards event to honor women in Memphis leadership. At the Annual Tribute Luncheon on April 29, Honey Scheidt will receive the Philanthropy and Leadership Award. Beverly Robertson, the recently retired president of the National Civil Rights Museum, will receive the Catalyst Award and Linn Sitler, commissioner with the Memphis-Shelby County Film & Television Commission, will be recognized with the Innovation Award.

15. Last Word: The Friendly Church on the Parkway and Paxton Lynch's Mom -

He came to Memphis in the late 1950s from Chicago as the first pastor of Monumental Baptist Church, the “friendly church on the parkway” in a city that was anything but friendly to the causes of Rev. Samuel Billy Kyles.

16. Chinese Company to Build $1 Billion Mill in South Arkansas -

LITTLE ROCK, Ark. (AP) – The Chinese company Sun Paper announced plans Tuesday for a $1 billion mill in southern Arkansas, the paper company's first facility in North America.

Joined by Sun Paper officials to announce the project at the state Capitol, Gov. Asa Hutchinson said the project will create 250 jobs and is one of the largest private investments in Arkansas' history. Company and state officials said they expected the project to employ 2,000 people during its construction and create an additional 1,000 jobs indirectly in the timber industry.

17. Ikea: 'Everything's on Track' for New Memphis Store -

A construction crew of nearly 500 is at work turning what is now a steel frame into Tennessee’s first Ikea store. This week, the crew began installing Ikea’s trademark cobalt-blue walls on the western edge of what will be a self-serve warehouse.

18. Commission Debates Full Bill for Police Body Cameras -

Most Shelby County commissioners expressing an opinion say they favor body cameras for Memphis Police.

But the opinions begin to differ significantly when comes to who pays for the back-office system to handle the recordings and how much the whole bill will be.

19. Legislature Votes to Reduce, Eventually Eliminate Hall Tax -

NASHVILLE, Tenn. (AP) — The Tennessee Legislature on Friday passed a measure that would reduce and eventually eliminate the Hall tax on investment income.

The Hall tax imposes a general levy of 6 percent on investment income, with some exceptions. Lawmakers agreed to reduce it down to 5 percent before eliminating it completely. They intend to pass future legislation reducing it by 1% each year before eliminating it completely by 2022.

20. CBHS Gets $1 Million Gift, Names Business Program -

Christian Brothers High School has announced its business program will be called the Bill and Carol Marr Department of Business and Economics. The program is named in honor of the $1 million gift from alumnus Bill Marr, CBHS Class of 1964.

21. Last Word: Prince, Violent Crime Numbers, and a Parkside Post Script -

Prince. It’s hard to think of a musician with a more complete knowledge of music as a social and cultural force and the ability to let that force inhabit his music and what he wanted to accomplish.
It is that knowledge and its use from obscurity to the pinnacle of fame and acclaim to his own journey for personal fulfillment that, to me, defines what has been lost.
Music mattered to Prince unlike it had ever mattered before. All of the influences analyzed and synthesized by someone born in rock and roll’s first wave pushed forward in a sound that combined rock and roll and rhythm and blues and funk with purpose and confidence.
It wasn’t a denial or downplaying of any of those music categories – all were present sonically and culturally. No juggling or quick changes.
That was his talent and it’s hard to think of anyone who has been as knowledgeable, intentional and successful -- commercially and artistically – in that combination.
Prince is remembered here for not only playing the city’s largest arenas but for his legendary after shows on Beale Street that brought an entertainment insider cachet the district has rarely seen since its early 1980s reopening.
His was an intensity and sense of purpose rarely seen and possessed in such a way in the 60 years since rock and roll started in this very city, kicked off by both Rocket 88 and That’s Alright Mama.
So why couldn’t the city’s rock radio stations do more than talk about Prince into commercial breaks after another Nickelback rock block and actually play some of his music to acknowledge such a huge genre crossing artist?
Not cool.

22. CBHS Receives $1 Million Gift, Names New Business Program -

Christian Brothers High School has announced its business program will be called the Bill and Carol Marr Department of Business and Economics. The program is named in honor of the $1 million gift from alumnus Bill Marr, CBHS Class of 1964.

23. Financial Planning Is More Than Just Asset Management -

Ray’s take: A common confusion when looking for someone to help you make decisions about your financial future is understanding the difference between asset management and financial planning.
The alphabet soup of designations in today’s market can be confusing regarding what, specifically; a particular professional can do for you.

24. Before Successes, Loeb Started from Zero – Twice -

Barreling down Madison Avenue in a black corduroy blazer and a pert, pink pocket square, Bob Loeb seems distracted. Then I realize: he’s editing. Move that tree, put a mural there. Tear that down, build that up.

25. Memphis’ Shrinking Population Cause for Concern -

Even as Memphis has grown larger through annexing surrounding communities, its population has steadily dwindled due to outmigration to the surrounding suburbs. Inner-city struggles will become more pronounced if this region’s wealthiest tax base continues that outward pattern, national experts say.

26. EDGE Considering Fast-Track Incentive Program, Diversity Spend Changes -

The Memphis-Shelby County Economic Development Growth Engine has started work on a new tax incentive program that would help Memphis compete with North Mississippi for industrial projects.

At its April 20 meeting, EDGE board chairman Al Bright appointed a committee to evaluate a proposed Fast Track PILOT and hammer out its policies and procedures.

27. Strickland in New Seat for Budget Give-and-Take -

When Memphis Mayor Jim Strickland finished his budget address to the Memphis City Council Tuesday, April 19, council member Edmund Ford had a film clip he wanted Strickland and the rest of the council to watch.

28. Lawmakers Scramble to Conclude Tennessee Legislative Session -

NASHVILLE, Tenn. (AP) – Tennessee lawmakers are scrambling to try to conclude their business for the year on Wednesday.

The House started the day with a lengthy list of bills pending, including efforts to cut the Hall tax on investment income, to overhaul sentencing for gang violence and increase penalties for texting while driving. The Senate also had a number of measures to consider, including one that would strip the University of Tennessee's Office of Diversity and Inclusion of state funding and use the money for minority scholarships. Pending bills also included a proposal that would strengthen penalties for authority figures who commit statutory rape and a tax credit for small business investors.

29. $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.

30. Memphis' Startup Accelerators Teaming Up This Summer -

For several years now, Memphis hasn’t been home to a unified hub of startup companies and activities so much as a collection of startup archipelagos, the disparate factions of activity sometimes duplicating the work of other groups.

31. Faropoint Purchases Cordova Retail Center -

Israel-based Faropoint Investments has made its second Memphis purchase this year. The real estate investment firm, acting as Germantown Square Retail Co., bought a Cordova shopping center from NPK Cordova LLC for $9.7 million, according to an April 15 warranty deed.

32. Events -

Creative Aging will host its 2016 Senior Fun Day on Thursday, April 21, from 1 p.m. to 3 p.m. at the Memphis Jewish Community Center, 6560 Poplar Ave. Enjoy refreshments, manicures and a variety of games. Tickets are $5 cash or check at the door. Visit creativeagingmidsouth.org.

33. Events -

Start Co. will offer small-business mentoring sessions Tuesday, April 19, from 2 p.m. to 6 p.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave. This free program offers one-on-one counseling about starting or managing a small business. Visit memphislibrary.org for details.

34. Radical Team Dynamics for The Highly Productive -

Investing in people means the conventional and expected things. You can send high performers to leadership development, provide access and time for seminars and online learning. You can reward with money, praise and attention. Yet, three aspects of people investment tend to get overlooked, leaving the most driven and brightest unmotivated and rudderless, looking for the door.

35. Waddell & Associates Teams With International Network -

Focus Financial Partners, an international partnership of independent, fiduciary wealth management firms, has added Memphis-based investment firm Waddell & Associates Inc. to its network.

36. Fayette County Chosen for Property Evaluation Program -

Fayette County is getting help from state leaders to evaluate properties that could attract new business.

The Tennessee Department of Economic and Community Development announced Fayette is one of eight counties chosen to participate in the Select Tennessee Property Evaluation Program (PEP) Spring Round. The other counties selected are Humphreys, Lawrence, Maury, Scott, Unicoi, Van Buren and White.

37. Parkinson: OK to ‘Go A Little Bit Extreme’ to Get Job Done -

With U.S. Marine Corps training, Rep. Antonio Parkinson knows how to grab people’s attention.

He did that earlier this year when he sponsored legislation to kill the Achievement School District, Tennessee’s solution for turning around struggling schools.

38. A Look at the Numbers -

Ray’s Take: The economy is in flux and there’s a lot of uncertainty over the direction of the capital markets and interest rates. It’s a familiar refrain by this point. Volatility has increased to a numbing level where perhaps we aren’t paying attention as closely as we should to what’s happening in the financial world around us.

39. Legislators Playing Expensive Game With LGBT Issues -

The silly season is in full swing on Capitol Hill, but the “bathroom bill” and any jokes surrounding it are no laughing matter anymore. It’s getting downright expensive.

Tennessee Attorney General Herbert Slatery said this week the bill dealing with transgender student use of restrooms could cost the state more than $1.2 billion in federal funds for K-12 and higher education.

40. Facebook Shows New Ways to Chat, Stream Video -

SAN FRANCISCO (AP) – Facebook says people who use its Messenger chat service will soon be able to order flowers, shop for shoes and talk with a variety of businesses by sending them direct text messages.

41. Waddell & Associates Joins International Firm Network -

Focus Financial Partners, an international partnership of independent, fiduciary wealth management firms, has added Memphis-based investment firm Waddell & Associates Inc. to its network.

42. Rapid Transit Option, Route Changes Designed To Make MATA More Relevant -

Budget season is looming, and the Memphis Area Transit Authority is angling for an additional $8 million in operating funds and $5 million in capital improvement dollars to prevent significant cuts to service.

43. Canadian Pacific Ends Bid to Buy Norfolk Southern -

OMAHA, Neb. (AP) – Canadian Pacific said Monday that it is ending its nearly $30 billion takeover bid for Norfolk Southern, less than six months after it offered to buy the rival railroad.

44. Young Cherishes Role of Rebuilding Memphis Neighborhoods -

“I don’t want to be viewed as the most powerful person in Memphis,” said Paul Young, a Memphis native who became director of Housing and Community Development for the city of Memphis in January.

45. State Halts City Board From Issuing Bonds -

The city of Memphis entity that sold $12 million in municipal bonds on behalf of Global Ministries Foundation has been told it can no longer conduct such business.

The Tennessee Housing Development Agency has temporarily de-authorized the Health, Educational & Housing Facility Board of the city of Memphis to sell bonds. The decision is related to the withdrawal of federal subsidies going to Global Ministries Foundation’s portfolio and a subsequent downgrading of those bonds as well as leadership changes at the Health & Ed Board.

46. Brown-Forman Introducing First New Bourbon Brand in 20 Years -

LOUISVILLE, Ky. (AP) – The spirits company behind Jack Daniel's Tennessee Whiskey is taking a deeper plunge into Kentucky bourbon.

47. Shoot for a Basketball Coaching Star? Memphis Would Have to Pay Big -

Josh Pastner is officially the new head coach at Georgia Tech and the University of Memphis is officially in the coach search business.

48. State Halts Memphis Health & Ed Board From Doing Business -

The city of Memphis entity that sold $12 million in municipal bonds on behalf of Global Ministries Foundation has been told it can no longer conduct such business.

The Tennessee Housing and Development Agency has temporarily de-authorized the Health, Educational and Housing Facility Board of the city of Memphis to sell bonds. The decision is related to the withdrawal of federal subsidies going to Global Ministries Foundation’s portfolio and a subsequent downgrading of those bonds as well as leadership changes at the Health & Ed Board.

49. Moving Dirt -

The Memphis development community is looking inward and upward to increase density in the urban core. New construction is happening across all four commercial real estate sectors, with long-anticipated projects like Trader Joe’s and the redevelopment of Central Station finally coming to fruition. Construction and operating costs continue to be a challenge as new projects hit the top of their class to command higher rents.

50. Medical District Stakeholders: Neighborhood Full of Potential -

Some 2,500 new employees start jobs each year at employers in the Memphis Medical District, and about 1,300 new students each year start hitting the books at educational institutions there, too.

That’s according to Medical District Collaborative president Tommy Pacello, who says the 2.5-square-mile area between Midtown and Downtown that’s home to eight anchor institutions is full of untapped potential. So much so that his organization, which launched earlier this year, is leading a revitalization of the district that leans heavily on anchors like Regional One Health and Methodist Le Bonheur Healthcare to help in a buy local, live local and hire local push for the neighborhood.

51. US Consumer Borrowing Rises at Weak Pace Again -

WASHINGTON (AP) – U.S. consumers borrowed at a modest pace in February for the second month in a row, evidence of ongoing caution that has kept a lid on spending this year.

Borrowing rose at a 5.8 percent annual rate, the Federal Reserve said Thursday, just above January's 5 percent pace. January's climb was the smallest in more than two years. The use of revolving credit – mostly credit cards – rose just 3.7 percent after slipping in January. Total outstanding credit increased $17.2 billion to $3.57 trillion.

52. United Housing Gets $1.1M Boost From Banks -

United Housing Inc. has gotten a boost from area financial institutions in recent days to the tune of $1.1 million.

53. Stricter Rules Unveiled for Brokers Giving Retirement Advice -

WASHINGTON (AP) – The Obama administration acted Wednesday to require that brokers who recommend investments for retirement savers meet a stricter standard that now applies to registered advisers: They must act as "fiduciaries" – trustees who are obligated to put their clients' best interests above all.

54. Double Check: Why You Need a Proofreader -

Communication is the name of the game. It’s not just what we say; it’s also what we write. How are you communicating with the written word?

Do you read your reports, emails and letters before hitting send? Does the thought of grammar and sentence structure make you roll your eyes and think back to days in English class? Verb, adverb, present tense, commas vs. semi-colons. … We know it’s a lot. Like you, we try to “hit the mark” with our written communication, and yet there are so many errors and typos just waiting to be made.

55. City Ready to Develop Master Plan for Pinch District -

The Pinch District, one of Memphis’ oldest neighborhoods, is getting its time in the spotlight.

The Downtown Memphis Commission, the city of Memphis Division of Housing & Community Development and the city-county Division of Planning & Development are coming together to develop the Pinch’s first master plan in to bring the area up to date with mixed-use buildings and streetscape improvements.

56. Statewide Demand Outstrips Supply of Qualified Workers -

Tennessee is surging as a major manufacturing state, bouncing back from the Great Recession by attracting billions of dollars in new investment and creating thousands of new – and often very high-paying – advanced manufacturing jobs.

57. Economic Impact of Black Restaurant Week at $85,000 -

The inaugural Memphis Black Restaurant Week was a success, drawing in new customers and bringing economic benefit to local eateries.

Organizers found that more than 3,000 patrons participated in the March 7-13 event, contributing to an increased revenue of more than $85,000 and nearly 40 new jobs at local restaurants.

58. Financial Advice is Not a Luxury -

Ray’s Take: There’s an old saying that if you don't know where you're going, it's difficult to get there. That is never truer than with your financial goals.

Financial goals give you something to strive for and help you course correct along the path. They also help you focus on the purpose of your efforts. The accumulation of money will do very little for your happiness unless you have a carefully constructed and regularly reviewed plan for what you’re going to do with it.

59. Spotify Adds $1 Billion to War Chest on Way to IPO -

LOS ANGELES (AP) – Music streaming leader Spotify has raised $1 billion in debt as it looks to buy companies that could accelerate its growth before listing shares on the public market within the next couple of years, according to two people familiar with the matter.

60. 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

61. Indie Memphis Expanding to East Memphis And Collierville -

Expansion seems to be the name of the game for the Indie Memphis Film Festival, which comes back in November for its 19th annual celebration of film and filmmakers.

Following up on its expansion from a weekend to an entire week last year, the festival’s presenting sponsor Duncan-Williams Inc. is back, this time to help the festival expand beyond Midtown and Downtown. This year, venues in East Memphis and Collierville will also be showing films as part of the festival.

62. MATA Board Approves Significant Route Changes -

Sixteen bus route changes will take effect in May at the Memphis Area Transit Authority.

The changes, which were approved at the March 29 meeting of the MATA board of commissioners, mark the first significant batch of route changes since MATA CEO Ron Garrison took the position in 2014.

63. Last Word: Encore In D, A Bus Every 10 Minutes and Marc Cohn in Memphis -

Encore in Nashville.
The state Senate’s state and local government committee meets again Wednesday to vote on the de-annexation bill it completed amending Tuesday.

This begins at 2:30 p.m. and we will be providing live Tweets of the action @tdnpols, www.twitter.com/tdnpols. So join us.
Because there was so much debate and parliamentary swordplay Tuesday, the Wednesday session will probably be pretty matter of fact by comparison.
Here’s our account of how it went down with the committee upping the percentage of voters signatures it takes to get a deannexation call on the ballot. And those who do vote to deannex can add payments for benefits liability to what they would also pay as their share of capital debt. There is also reaction from Greater Memphis Chamber president Phil Trenary.
Trenary had some choice words for Chattanooga state Senator Todd Gardenhire who called out Memphis specifically for what he viewed as trying to make the deannexed pay twice for benefits of city workers.
The looming question is what will the reaction to this be in the House which passed a very different version of this.
The proponents of the bill in the House and Senate have fundamentally different views that appear to be the kind of differences that would take some time to reconcile.

64. Indie Memphis Expanding to East Memphis and Collierville -

Expansion seems to be the name of the game for the Indie Memphis Film Festival, which comes back in November for its 19th annual celebration of film and filmmakers.

Following up on its expansion from a weekend to an entire week last year, the festival’s presenting sponsor Duncan-Williams Inc. has upped its support to enable to festival to expand beyond Midtown and Downtown. This year, venues in East Memphis and Collierville will also be showing films as par of the festival.

65. Consultant: Rapid Transit Route Would Be a Boon for MATA -

The Memphis Area Transit Authority is throwing its weight behind a new route that would connect Downtown to the University of Memphis area with a bus every 10 minutes.

Over the past two years, an outside consulting group has been working with MATA on the Midtown Area Connector plan. The aim is to improve connecting service from the inside out by focusing on a main artery in the urban core.

66. GOP Lawmaker Questions Haslam's Secret $30M Development Deal -

NASHVILLE, Tenn. (AP) – A state senator on Tuesday questioned fellow Republican Gov. Bill Haslam's proposal to earmark $30 million for an undisclosed economic development project in Tennessee.

67. Black Restaurant Week Creates $85,000 in Economic Impact -

The inaugural Memphis Black Restaurant Week was a success, drawing in new customers and bringing economic benefit to local eateries.

Organizers found that more than 3,000 patrons participated in the March 7-13 event, contributing to an increased revenue of more than $85,000 and nearly 40 new jobs at local restaurants.

68. Jury: Gilead Owes Merck $200M in Damages Over Drug Patents -

The federal jury in a patent trial has ordered drugmaker Gilead Sciences to pay Merck $200 million in damages for infringing on patents for hepatitis C drugs.

The award is far below the damages Merck sought, but the trial moves to a new phase Wednesday. The jury, in San Jose, California, then will decide whether Merck & Co. is due royalties on sales of Gilead's hepatitis C drugs, Harvoni and Sovaldi.

69. Household Spending, Home Building Fuel Modest US Growth -

WASHINGTON (AP) – Consumer spending and home construction are helping sustain modest U.S. economic growth despite problems caused by a strong dollar, low oil prices and an excess of business stockpiles.

70. Fred’s Set for Rebound in 2016 -

Twenty-four years ago this month, Memphis-based discount retailer Fred’s Inc. went public.Today, for a variety of reasons that include Fred’s ongoing shot at a turnaround, the company finds itself in a period of unprecedented change.

71. Southaven Chamber Buys New Headquarters -

The Southaven Chamber of Commerce is moving to a new property at 500 Stateline Road.

The Chamber has co-located with the city of Southaven for nearly 20 years and now will own and operate its own building less than a mile away.

72. Fred’s Reports Q4 Loss, Chairman to Step Down -

Memphis-based Fred’s Inc. announced Wednesday, March 23, that Michael J. Hayes will step down as chairman of its board of directors on April 15.

The news came the same day Fred’s reported a fiscal fourth-quarter loss of $3.9 million, or 11 cents per share, falling short of Wall Street forecasts.

73. Crye-Leike Sales Near Pre-Recession Volume -

Tennessee-based Crye-Leike saw $5.7 billion in sales for 2015, marking the second-highest sales performance in the company’s 39-year history.

The real estate brokerage firm hit its high water mark in 2006 with $6.1 billion in sales.

74. Dodging a Disaster With Volkswagen? -

Next month will mark five years since the first Passat rolled off the assembly line at Chattanooga’s Volkswagen plant. Most anniversaries are a cause for celebration.

But as Chattanoogans blow out the candles on this particular milestone they’ll be hoping that Volkswagen’s diesel emissions troubles will soon be extinguished, too, and that the new SUV model they’ll start producing this year will help VW emerge from the crisis a better and stronger company than before.

75. This Week in Memphis History: March 25-31 -

2015: NBA legend Magic Johnson visits Memphis to announce his foundation will award $30,000 in college scholarships to students at Booker T. Washington High School.

2015: Developers Archie Willis and Henry Turley unveil their concept plan for the redevelopment of Central Station, including a boutique hotel by Kemmons Wilson Enterprises in the station building, a Malco movie theater and possibly a grocery store – totaling a $52 million private investment.

76. Cleaning House -

Every neighborhood in Memphis and Shelby County has the right to be free from the negative effects of vacant, abandoned and blighted properties. That’s the battle cry of the Memphis Blight Elimination Charter, a 23-page pledge that will steer policy and programs dedicated to blight eradication.

77. Southaven Chamber Buys New Headquarters -

The Southaven Chamber of Commerce is moving to a new property at 500 Stateline Road.

The Chamber has co-located with the city of Southaven for nearly 20 years and now will own and operate its own building less than a mile away.

78. De-Annexation Bill Still Alive, Now In Two Versions -

At week’s end in Nashville, a bill to allow de-annexation by referendum was still on the tracks to passage. But there were significant differences in the Senate and House versions as the Tennessee Legislature heads for adjournment for the year in early April.

79. De-Annexation Bill Amended But Still on Path to Passage -

A state Senate committee considering amendments to the de-annexation bill pending in the Tennessee Legislature has amended it to allow for de-annexation by referendum anywhere in the state.

The committee got through two of 13 proposed amendments Wednesday, March 23, and will resume work on the amendments next week.

80. Fred’s Reports Q4 Loss, Chairman to Step Down -

Memphis-based Fred’s Inc. announced Wednesday, March 23, that Michael J. Hayes will step down as chairman of its board of directors on April 15. The news of Hayes’ departure came the same day Fred’s reported a fiscal fourth-quarter loss of $3.9 million, or 11 cents per share, falling short of Wall Street forecasts.

81. Last Word: Confirming The Spike, Methodist Changes and The Honorary Miamian -

Lots of Memphians spending the week in Nashville in the name of bringing down the de-annexation proposal that’s already cleared the state House and is residing for now in a state Senate committee.

82. Mural Sets Scene for 107 S. Main Revelopment -

The long-blighted building at 107 S. Main St. is headed for active use and will see the addition of a mural by May 1.

At its March 16 meeting, the Center City Revenue Finance Corp. approved to put $10,000 toward a colorful mural designed by Chicago artist Damon Lamar Reed.

83. Crye-Leike Sales Near Pre-Recession Volume -

Tennessee-based Crye-Leike saw $5.7 billion in sales for 2015, marking the second-highest sales performance in the company’s 39-year history.

The real estate brokerage firm hit its high water mark in 2006 with $6.1 billion in sales.

84. Roadmap to Attacking Blight Awaits City and County Approval -

Blighted properties, overgrown lots and abandoned buildings are not unique to Memphis. But Memphis is the only city with a blight elimination charter that affirms cross-sector commitment to uproot the causes of blight and prevent further decline.

85. International Paper Buys Madrid Newsprint Mill -

Memphis-based International Paper has bought a newsprint mill in Madrid, Spain, with plans to convert the plant to produce recycled containerboard.

The binding agreement with Holmen Paper was announced Wednesday, March 16. Under the terms of the deal, International Paper would purchase the mill, as well as associated recycling operations and a 50 percent ownership interest in a cogeneration facility.

86. Wunderlich Names Head of Institutional Equity Sales -

The Wunderlich investment firm has added Ed Apple Jr. to its Equity Capital Markets division as managing director and head of the institutional equity sales effort.

With more than 10 years of institutional sales experience, Apple will oversee the firm’s institutional sales teams located in Memphis, Boston, New York, Baltimore, Denver and Newport Beach.

87. Last Word: Monday Vote, Beale's Search and Longview Heights -

Look for the state Senate to vote on the deannexation bill Monday in Nashville. At least that’s the date on the Senate calendar.

That could change as a member of the Shelby County legislative delegation has at last asked the Tennessee Attorney General for a legal opinion on the proposal. But it’s not a straight-up question about whether the proposal is constitutional. It’s a question about the specific characterization of past Memphis annexations as “egregious” – what has come to be the key legal term in this considerable political controversy.

88. Assisting Elderly Parents With Finances -

Ray’s Take Millions of elderly Americans suffer from dementia, Alzheimer’s disease and other disabilities that make them unable to make decisions about their finances. If this happens to your parent, it could mean that you will need to step up and take control for them.

89. Memphis Investment Firm Preserver Partners Launches Mutual Fund -

For the smaller investors that Memphis-based investment firm Preserver Partners LLC would like to attract to its newly launched mutual fund, one of the selling points is right there in the firm’s name.

90. Evergreen Packaging, Hollywood Feed Make Big HQ Moves -

At its March 16 meeting, the Memphis-Shelby County Economic Development Growth Engine Board approved tax incentives for two companies, creating 101 jobs and $8.1 million in local tax revenue.

A payment-in-lieu-of-taxes incentive went to Evergreen Packaging Inc., making Memphis the site of a global headquarters for a company with $5 billion in annual revenue.

91. International Paper Buys Madrid Newsprint Mill -

Memphis-based International Paper has bought a newsprint mill in Madrid, Spain, with plans to convert the plant to produce recycled containerboard.

The binding agreement with Holmen Paper was announced Wednesday, March 16. Under the terms of the deal, International Paper would purchase the mill, as well as associated recycling operations and a 50 percent ownership interest in a cogeneration facility.

92. Events -

Memphis Irish Society will host a family-friendly St. Patrick’s Day parade in Cooper-Young on Thursday, March 17, at 10 a.m. The route starts at First Congregational Church, 1000 S. Cooper St., and travels north to Memphis Made Brewing, 768 S. Cooper St. Visit memphisirish.com.

93. Cordova Apartments Sell for $31.1 Million -

555 Wood Arbor Parkway
Memphis, TN 38018
Sale Amount: $31.1 million

Sale Date: March 2, 2016
Buyer: CEAI Grove LLC
Seller: Trinity 464 LLC
Loan Amount: $4.2 million
Borrower: CEAI Grove LLC
Lender: CBRE Multifamily Capital Inc.
Details: The Grove at Trinity Point apartments have sold for $31.1 million.

94. Wunderlich Names Head Of Institutional Equity Sales -

The Wunderlich investment firm has added Ed Apple Jr. to its Equity Capital Markets division as managing director and head of the institutional equity sales effort.

With more than 10 years of institutional sales experience, Apple will oversee the firm’s institutional sales teams located in Memphis, Boston, New York, Baltimore, Denver and Newport Beach.

95. Events -

Buckman Performing & Fine Arts Center will host contemporary dance ensemble Hubbard Street 2 Dance Chicago on Wednesday, March 16, at 7 p.m. at Buckman, 60 Perkins Road Extended. Buy tickets at buckmanartscenter.com.

96. Stop Settling for Ordinary -

We live in a world of stiff competition with so much noise competing for consumer attention that it can be painfully difficult for brands to get noticed and stand apart from their competition.

That’s why the lion’s share of brands simply settle for being ordinary. It’s just easier. As football coaching legend Lou Holtz said, “In this world you’re either growing or you’re dying, so get in motion and grow.”

97. Grimes Joins Barge Waggoner As Transportation Project Manager -

Keafur Grimes has joined Barge, Waggoner, Sumner and Cannon Inc. as transportation project manager, bringing with him more than 35 years of experience. In his new role, Grimes manages transportation planning and construction projects to meet federal, state and local regulations; ensures that projects meet quality compliance and assurance standards as well as customer needs; and are delivered on time and within budget.

98. More Memphis Neighborhoods Vying for Ioby Funds -

When ioby launched in Memphis in 2014, it brought with it the mantra that things occurring in our backyards in city neighborhoods are precisely what’s desirable.

Brooklyn-based ioby helps a community’s residents take good ideas and turn them into actual neighborhood change. More than $450,000 has been raised on ioby in Memphis for projects around town with the idea that people who live and work in neighborhoods are the ones who best know the needs. Ioby provides the online tool and offline resources to help communities make change through simple projects.

99. Cordova Apartments Sell for $31.1 Million -

The Grove at Trinity Point apartments have sold for for $31.1 million.

In a March 2 warranty deed, Trinity 464 LLC sold the Cordova property to CEAI Grove LLC. In conjunction with the sale, CEIA Grove signed a certificate of joint venture with Fundrise Real Estate Investment Trust.

100. Events -

The Orpheum Theatre will present Broadway musical “The Book of Mormon” Tuesday, March 15, through March 20 at the theater, 203 S. Main St. Buy tickets at orpheum-memphis.com.

AARP Cordova Chapter will meet Wednesday, March 16, at 11:30 a.m. at the Cordova branch library, 8457 Trinity Road. The topic is colon cancer awareness. Email fmyers912@yahoo.com for details.