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Editorial Results (free)

1. Trump Forms an Advisory Group of CEOs for Input on Jobs -

NEW YORK (AP) – President-elect Donald Trump on Friday announced the formation of an advisory group of more than a dozen CEOs and business leaders who will offer input on how to create jobs and speed economic growth.

2. Last Word: Fire Recovery, Justice Department Work Begins and Rocky Top Angst -

The death toll in the East Tennessee wildfires goes to 10 Thursday as the recovery effort moves beyond a search for those missing. The count of buildings burned in Sevier County is estimated at more than 700 – 300 just in Gatlinburg. And 47 people are injured by the latest count. The count of those who died in the fires includes confirmation that Jon and Janet Summer of Memphis are among the dead recovered so far.

3. Three CRE Firms Join to Improve Connectivity at Busy Poplar Corridor -

Three Memphis real estate companies with significant assets in the Poplar Avenue/Ridgeway Road area are making plans to improve connectivity and walkability there.

Boyle Investment Co., Highwoods Properties Inc. and Loeb Properties Inc. are forming the Shady Grove/Ridgeway Business Owners Association (BOA), an advocacy organization focused on pedestrian/streetscape enhancements for the East Memphis business district, particularly at Poplar and South Shady Grove Road.

4. 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.

5. 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.

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

6815 U.S. 72

Germantown, TN 38138

Permit Amount: $25 million

Future Tenant: MAA

7. Seeing Needs Beyond Good Teachers, Teacher Town Memphis Changes its Approach and Name -

A Memphis philanthropic collaborative is revising its public image as its leaders rethink the ways they want to help the city’s schools change.

Teacher Town is becoming the Memphis Education Fund and adopting the goal of improving the lowest-scoring 10 percent of schools in the city, the group announced this month.

8. Gill Seeks $25M Permit For Future MAA Headquarters -

The future home of Memphis-based MAA has taken another step forward.

Developer Gill Properties, working as Gill Poplar GP, has applied for a $25 million building permit for a five-story office building and five-story parking garage – two main components of the $90 million TraVure development in Germantown’s western gateway.

9. Transcript: CBU to Transform Campus, Transition to Project-Based Learning -

Christian Brothers University is not only changing the look of its campus at Central Avenue and East Parkway. Leaders of the institution are embarking on the second phase of a $70 million capital campaign that includes plans to “blow up” the university’s department of education to include Crosstown High School and the neighboring Middle College High School, extend internships to all students and to create a new library that is more than “air conditioning for books.”

10. Demand for Long-Term Care Insurance Expected to Rise -

With the youngest of the country’s 70 million baby boomers now in their 50s and the average life expectancy for Americans having increased to nearly 80 years, the need for long-term illness care either at home or in assisted living facilities is on the rise. Rates for long-term care insurance have spiked in the past several years, making the decision tougher for many considering the coverage.

11. Gill Seeks $25M Permit for Future MAA Headquarters -

The future home of Memphis-based MAA has taken another step forward.

Developer Gill Properties, working as Gill Poplar GP, has applied for a $25 million building permit for a five-story office building and five-story parking garage – two main components of the $90 million TraVure development in Germantown’s western gateway.

12. Congress Urged to Bar US Acquisitions by China State Firms -

WASHINGTON (AP) – As Chinese investment in the United States keeps setting records, congressional advisers suggest changing U.S. law so Chinese state-owned companies can be barred from buying or gaining control of American businesses.

13. Unfinished Nuclear Plant Sold, Buyer Vows to Get It Running -

BIRMINGHAM, Ala. (AP) – A development company that purchased an unfinished nuclear power plant from the Tennessee Valley Authority for $111 million on Monday said it plans to spend as much as $13 billion to make the nuclear generator operational.

14. 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.

15. Last Word: The Long Count, Bigger Than Boutiques and God's View of the NBA -

It's Veterans Day with the annual Downtown parade starting at 10 a.m. Friday and a wreath-laying ceremony an hour later at the Doughboy Statue in Overton Park.

The long local vote count since Tuesday is still underway as Thursday becomes Friday. It should wrap up Friday with the provisional ballot count completed.

16. Fund Managers: No, the Election Won't Wreck Your 401(k) -

NEW YORK (AP) – Worried that the election will ruin your 401(k)?

Don't be, fund managers say, no matter who wins the White House. As long as you're a long-term investor willing to ride through whatever market bumps occur after Election Day, and there certainly could be scary ones, presidential elections historically haven't had much impact on stocks over the long term. Other factors, such as how expensive stocks are relative to their earnings and what the Federal Reserve is doing with interest rates, are more important factors for the market than who sits in the White House.

17. Thomson Reuters to Cut 2,000 Jobs, Spares Newsroom -

NEW YORK (AP) – Thomas Reuters said Tuesday that it plans to cut 2,000 jobs and take a charge of up to $250 million as the news and financial information company seeks to streamline its business.

18. Local Multifamily Market Continues To Log Higher Sales, Strong Demand -

Multifamily real estate sales have been strong in Memphis for a couple of years, and the 41 transactions posted in the third quarter mark the most recorded in a quarter in two years.

“The multifamily market continues to be very strong and has been the strongest real estate sector for the past several years,” said Mark Fogelman, president of Memphis-based Fogelman Management Group, a national multifamily property management company.

19. 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.

20. 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.

21. $92M Graceland Hotel Expected to Be a Catalyst for Whitehaven -

The Heartbreak Hotel on Elvis Presley Boulevard was full Wednesday, Oct. 26 – its final night as a hotel.

By the time the $92 million, 450-room Guest House at Graceland resort opened across the boulevard Thursday morning, many of the doors at the Heartbreak Hotel were missing their room numbers – taken as souvenirs by guests who filled the circa-1980s hotel in its final days.

22. Outlook Weighs on Hilton -

MCLEAN, Va. (AP) – Hilton cut its expectations for a key revenue figure, overshadowing an otherwise solid third-quarter performance.

Hilton had previously expected its revenue per-available room to rise between 3 percent and 4 percent for 2016. On Wednesday, it trimmed those expectations to just a 1.5 percent to 2 percent increase compared with last year, and flat to 1 percent for the current and final quarter of 2016.

23. TD Ameritrade to Buy Scottrade in $4B Cash-and-Stock Deal -

OMAHA, Neb. (AP) – Online brokerage TD Ameritrade is buying Scottrade in a $4 billion cash-and-stock deal that would significantly expand its branch network at a time when many financial firms are expanding automated adviser programs.

24. Accredo Health Expanding Facility in Century Center -

Accredo Health Group is renovating its offices in Bartlett. Corna Kokosing Construction Co. recently filed a $15 million building permit for the site at 1640 Century Center Parkway. The company was acquired by St. Louis-based Express Scripts in 2012 and added 50 employees to its Century Center campus in 2015.

25. Trustmark Centre Building Sells for $14.5 Million -

An office building at 5350 Poplar Ave. in the prime East Memphis office submarket has been sold.

The Trustmark Centre building, located between Valleybrook and West Suggs Drive, was purchased by Tennessee and New York investment companies doing business as 5350 Poplar Office Center LLC for $14.47 million.

26. Trustmark Centre Building Sells for $14.5 Million -

An office building at 5350 Poplar Ave. in the prime East Memphis office submarket has been sold.

The Trustmark Centre building, located between Valleybrook and West Suggs Drive, was purchased by Tennessee and New York investment companies doing business as 5350 Poplar Office Center LLC for $14.47 million.

27. Trustmark Centre Building Sells for $14.5 Million -

An office building at 5350 Poplar Ave. in the prime East Memphis office submarket has been sold.

The Trustmark Centre building, located between Valleybrook and West Suggs Drive, was purchased by Tennessee and New York investment companies doing business as 5350 Poplar Office Center LLC for $14.47 million.

28. 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.

29. Accredo Health Expanding Facility in Century Center -

Accredo Health Group is renovating its offices in Bartlett. Corna Kokosing Construction Co. recently filed a $15 million building permit for the site at 1640 Century Center Parkway. The company was acquired by St. Louis-based Express Scripts in 2012 and added 50 employees to its Century Center campus in 2015.

30. Big River -

Jim Jackson had it planned. At the third annual Arkansas Delta Flatlander bicycle ride, the 100-kilometer bike ride would become what it was intended to be – a ride across the Mississippi River from West Memphis to Memphis across the northern side of the Harahan Bridge.

31. Last Word: Mud Island Round 3, Newsmakers Notes and North Midtown -

Cue the organ. You know, the one from those old soap operas or radio dramas. And prepare for the latest episode of Island of Mud. When last we looked in on Mud Island River Park, the city had two finalists to redevelop all or a part of the southern half of the island that is really a peninsula.

32. Last Word: Memphis-Temple, Southwest's Remake and Death Penalty Arguments -

Memphis 34 –Temple 27 Thursday evening at the Liberty Bowl and on ESPN. Whatever happened during halftime, the Tigers were a very different team from the first half when they emerged.

33. New York Investment Group Buys 6 Memphis Warehouses -

Six warehouses and a parcel of vacant land in southeast Memphis have sold for a combined $20 million. The seller, Gateway McKinley Inc., purchased the seven properties in 2000 for $23.6 million.

34. Skilled Nursing Facility In Bartlett Sells for $13 Million -

1150 Dovecrest Road

Bartlett, TN 38134

Sale Amount: $13 million

Sale Date: Sept. 30, 2016

35. East Memphis Office Changes Hands for $2.4M -

An East Memphis office building has sold for $2.4 million to a local investment group.

BC Commercial Properties LLC, which is managed by Bridge Capital Asset Management LLC, purchased the office building at 1669 Kirby Parkway from Kirby Parkway Building Partnership in a Sept. 30 warranty deed.

36. Indie Memphis Festival Promises To Be ‘Eclectic and Uncompromising’ -

Brandon Harris, a New York City-based writer and editor, loves the “eclectic and uncompromising nature” of the annual Indie Memphis Film Festival, which he’s attended three times now.

37. Just City Expungement Fee Fund Awaits Grants -

One of the city’s two funds to pay expungement fees for first-time offenders who have served their time and stayed out of trouble for five years is out of money for now in a grant-to-grant existence.

38. Infrastructure, Attitude Shifts Could Decrease Medical District Parking Needs -

The Memphis Medical District has 16,000 employees, 8,000 students – and 250 acres of surface parking lots. National experts say the district’s parking footprint could hinder further growth.

39. Private Equity Firm Pays $13M for Retirement Community -

950 Cherry Road

Memphis, TN 38117

Sale Amount: $13 million

Sale Date: Sept. 7, 2016

40. Chicago Investors Buy Local Retirement Community -

A Chicago-based private equity fund has purchased the 176-unit Town Village Audubon Park retirement community in East Memphis for $13 million, or $73,864 per unit.

TV-Ten LP, an entity affiliated with Chicago Pacific Founders, bought the two-story facility from GFTV Audubon Owner LLC in a Sept. 7 special warranty deed. GFTV, an affiliate of New York-based Garrison Investment Group, had purchased Town Village Audubon Park in 2014 for $12.9 million.

41. Last Word: RVC Drops Mud Island Proposal, Fizdale on Kaepernick and Carroll Cloar -

The Riverfront Development Corporation got a one-line email Thursday from Andy Cates, the RVC Outdoor Destinations CEO.

42. Memphis Drawing More Out-of-Town Retailers -

Second- and third-tier retail markets are seeing a resurgence nationally, and Memphis’ own economic recovery is garnering attention from out-of-town retailers.

Among the higher-end retailers preparing for their first local store are Ikea, which is set to open in the next few months, and Trader Joe’s and Nordstrom Rack, both of which are in their early stages and are expected to open by the end of 2017.

43. Economists: Growth Expected for At Least 2 More Years -

Business economists still think the economy will continue to grow for the next two years, but they again have scaled back their expectations for just how much.

The median estimate from economists surveyed by the National Association for Business Economics calls for gross domestic product growth of 1.5 percent this year, down from the 1.8 percent they forecast in June. The outlook for next year calls for 2.3 percent growth.

44. 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.

45. US Services Firms Register Slowest Growth Since 2010 -

WASHINGTON (AP) – U.S. services companies grew last month at the slowest pace in more than six years, a private survey finds.

The Institute for Supply Management said Tuesday that its services index fell to 51.4 last month from 55.5 in July. The August reading was the lowest since February 2010, and last month's 4.1-point drop was the biggest since November 2008 when the U.S. economy was in a recession. Still, anything above 50 signals growth, and services firms have now expanded for 79 straight months.

46. Last Word: Hyde Lake, Global Ministries Exits and Another Big 12 Rumor -

A big day at Shelby Farms Park Thursday as the Heart of the Park renovations were formally opened. And it was also a cause to look back on where the park has come from.

47. 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.

48. 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.

49. 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.

50. Last Word: Mike McLean's Campaign, Jimmy Carter and Beyond Disparity Studies -

Mike McLean is running one heckuva campaign for Clerk of the Courts. Some of you are thinking, “Why haven’t I heard of that position before?” “Who is the incumbent?”

51. Study Leads to Broader Call for Business Ties -

Rodney Strong, CEO of the Atlanta law and public policy firm Griffin and Strong that authored city government’s latest disparity study on minority contracting, didn’t come to talk about the study last week when he spoke to a room of 40 African-American civic and business leaders.

52. Memphis Startup Ecosystem Expands With AgLaunch -

Memphis’ startup ecosystem keeps getting bigger. Four startups have been chosen to participate in the inaugural round of a new agriculture-focused accelerator called AgLaunch. And yet another accelerator is launching soon in a partnership between the Start Co. organization and the city of Memphis focused on minority-owned businesses.

53. Pinnacle Financial Forms Local Investment Group -

Pinnacle Financial Partners has formed an investment management group in Memphis.

The firm has hired two investment management professionals to advise clients as part of that new group. They are Pinnacle Asset Management senior vice president and financial consultant Brooks Fowler and registered sales assistant Robbin Gibson.

54. Pinnacle Financial Launches Investment Group in Memphis -

Pinnacle Financial Partners has formed an investment management group in Memphis.

The firm has hired two investment management professionals to advise clients as part of that new group. They are Pinnacle Asset Management senior vice president and financial consultant Brooks Fowler and registered sales assistant Robbin Gibson.

55. Smith Helps Mayor Pick the Right Team -

As chief human resources officer for the city of Memphis, Alexandria Smith is responsible for the HR strategy and talent management for the city as an employer. She provides advice to the mayor and senior leadership team, a role that has played an important part in shaping the city’s future, including leading the recent search for a police chief.

56. No-Fear Networking -

Have you ever wondered where you can make the biggest investment into your career? At first glance, another advanced degree might make sense. Or, perhaps an online certification course would be beneficial. Although these things will help to beef up your resume, there’s a cheaper alternative that very well may be more impactful: networking.

57. 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.

58. 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.

59. Largest Multifamily Sale Takes Place for $39.1M -

8285 Irene Blvd.
Memphis 38125

Sale Amount: $39.1 million

Sale Date: Aug. 5, 2016

Buyer: WDC Greens Investment LLC and MEM Greens at Irene LLC

60. Last Word: Graceland's Important Day, MAA's $4 Billion Buy and Hotel Napoleon -

Before the rain did its thing Monday night at Graceland, the latest Black Lives Matter movement protest was a fact at Graceland’s annual candlelight vigil.

Some tension and lots of noise on the line at Elvis Presley and Craft where police stopped those whom they identified as protesters. And more than a few allegations of racial profiling by police.

61. Wiseacre’s Coliseum Plan Fueled By Growth -

Council chairman Kemp Conrad noted the timing is “hot off Overton Park and the Greensward” – the protracted controversy the council was heavily involved in. “I do think it’s going to move fast one way or another,” Conrad said Tuesday, Aug. 9, of the concept of a new Wiseacre brewery in the Coliseum.

62. Jordan Takes Leading Role At Child Advocacy Center -

Mark Jordan has joined the Memphis Child Advocacy Center as development director, responsible for connecting people in a meaningful way to the critical services MCAC provides to vulnerable children. In his new role, Jordan will create and administer a comprehensive development plan to both enhance connections and build new relationships with volunteers and the philanthropic community to grow fundraising, donor relations and public engagement. 

63. Health Insurer Aetna Backs Off ACA Expansion Plans -

Aetna became the latest health insurer to cast doubt upon its future in the Affordable Care Act's insurance exchanges after it called off a planned expansion Tuesday and suggested it could abandon that market completely.

64. TAG Truck Center to Occupy Mall of Memphis Land -

4430 American Way

Memphis, TN 38118

Permit Amount: $28 million

Application Date: July 2016

65. Revenue Up, Profit Down At Gannett -

Shares of The Commercial Appeal’s parent company are down some 12 percent this year, compared to a more than 6 percent year-to-date gain in the S&P 500 index, and the company’s second quarter earnings released Wednesday, July 27, help partly explain why.

66. Pinnacle Financial to Anchor Boyle’s Building -

Pinnacle Financial Partners will be an anchor tenant in Boyle Investment Co.’s long-awaited office building in Ridgeway Center.

67. Pinnacle Financial Anchor Tenant in Boyle's New Office Building -

Pinnacle Financial Partners will be an anchor tenant in Boyle Investment Co.’s long-awaited office building in Ridgeway Center.

68. Survey: American Consumers' Confidence Remains Steady -

WASHINGTON (AP) – American consumers are feeling confident about current economic conditions but are a bit warier about the future.

The Conference Board said Tuesday that its consumer confidence index was essentially unchanged in July, dipping to 97.3 from a revised 97.4 in June. The business group's index includes consumers' assessment of the economy now and what they expect over the next six months. Their view of today's economy rose to the highest level since September, but their outlook slipped.

69. As Fed Meets, No Rate Hike is Expected Until Late This Year -

WASHINGTON (AP) – On again. Off again. On again?

Anyone trying to peg the likelihood of a Federal Reserve interest rate hike this year has been subject to a topsy-turvy shift of expert opinion the past few months. And when the Fed holds its latest policy meeting this week, few think it will provide much more clarity.

70. Grove Park Building Sells for $8.6 Million -

A Nashville-based investment group has made its first purchase in Memphis. Priam Capital has purchased the Grove Park Building at 4515 Poplar Ave. in East Memphis from GPCTN Investment Co. LLC for $8.6 million.

71. ‘Why Don’t We Start Our Own?’ -

The diner-style restaurant planned for 2657 Broad Ave. is a bit unique as far as commercial real estate projects go.

Yes, it’s of a piece with the rest of the groundswell of redevelopment and commercial activity that’s transformed Broad into a people-packed arts, retail and restaurant scene. One of those hotspots along the street is the combination coffee shop and retailer City & State, the owners of which have signed a lease at 2657 Broad for their next venture.

72. Bank Building Set To Become Boutique Hotel -

158 Madison Ave.
Memphis, TN 38103

Sale Amount: $1.1 million

Sale Date: June 13, 2016

Buyer: Wessman Holdings

73. New Center to Capitalize on Strong Retail Demand -

The shopping center at 6450 Poplar Ave. is fully constructed with tenants opening as soon as next month.

74. Madison Hotel Sells to Chicago-Based Hotel Group -

79 Madison Ave.

Memphis, TN 38103

Sale Date: June 21 

Buyer: 79 Madison Avenue LLC

75. Gordon: ‘You’re Not Alone on Your Journey’ -

If you know anything about Kat Gordon at all, it’s likely the Technicolor version that’s clearest in press photos: There she is, gingham apron tied on, smile dazzling, holding a tempting plate of cupcakes or pie from her wildly popular bakery, Muddy’s Bake Shop, which now comprises two retail locations and a commercial kitchen and custom studio.

76. Memphis International Raceway Readies for World Series of Drag Racing -

No one is suggesting that Memphis International Raceway will duplicate the economic impact numbers generated by the Bristol Motor Speedway. For those numbers – more than $417 million in direct economic impact from 2012 to 2014 – are otherworldly.

77. Last Word: Pinch Plans, Beyond the Basics and the Golden Greek -

The future of the Pinch District looks to be Memphis Mayor Jim Strickland’s first venture beyond being “brilliant at the basics.”

78. Women-Led Angel Investment Network Launches -

The husband-and-wife team behind the Broad Avenue retailer City & State – Lisa and Luis Toro – are preparing to open another business in the neighborhood, a diner-style restaurant at 2657 Broad.

79. New For-Profit Medical Schools Springing Up Across US -

BOISE, Idaho (AP) – For-profit medical schools are starting to pop up around the country, promising to create new family doctors for underserved rural regions.

Rural states like Idaho need more general practitioners, with the baby boom generation aging and expanded insurance coverage under the Affordable Care Act making health care more accessible. But critics of the new schools question whether companies can properly train the nation's next crop of doctors.

80. 10 Years After Housing Peaked, US is More of a Renter Nation -

MOUNT PLEASANT, South Carolina (AP) – It's a troublesome story playing out across America in the 10 years since the housing bubble peaked and then burst in a ruinous crash: As real estate has climbed back, homeowners are thriving while renters are struggling.

81. Orlando Tourism: No Mass Cancellations Now But Future Unsure -

Experts say it's too soon to gauge whether a week of horrific news out of Orlando will hurt tourism there. But travel agents are not seeing widespread cancellations, and many travelers say they're committed to visiting.

82. Court Upholds Net Neutrality Rules on Equal Internet Access -

WASHINGTON (AP) – In a big win for the Obama administration, a federal appeals court on Tuesday upheld the government's "net neutrality" rules that require internet providers to treat all web traffic equally.

83. Medtronic Earnings Top Expectations -

Medtronic reported better-than-expected financial results in the most recent quarter, as sales for its pacemakers, stents and other medical products rose.

Medtronic, whose spinal business is based in Memphis, said it also got a revenue boost from its $50 billion acquisition of surgical equipment maker Covidien. That deal closed last year.

84. ServiceMaster Disrupting Its Culture With Move Downtown -

ServiceMaster is converting Peabody Place into a corporate headquarters that would rival a Silicon Valley tech outfit.

On Friday, June 3, ServiceMaster laid to rest months of speculation about whether the company would relocate to a larger city like Atlanta or Dallas. Memphis’ available Class A office space can’t currently accommodate ServiceMaster’s needs, so it looked to the retail sector for its new home.

85. Nordstrom Rack-Anchored Center Gets $15.5M Construction -

4572 Poplar Ave.
Memphis, TN 38117

Permit Amount: $10.5 million

Project Cost: $15.5 million

Completion: Fall 2017

86. Medtronic Earnings Top Expectations -

Medtronic reported better-than-expected financial results in the most recent quarter, as sales for its pacemakers, stents and other medical products rose.

Medtronic, whose spinal business is based in Memphis, said it also got a revenue boost from its $50 billion acquisition of surgical equipment maker Covidien. That deal closed last year.

87. 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.

88. CEO Pay Climbs Again, Even As Their Stock Prices Don't -

NEW YORK (AP) – CEOs at the biggest companies got a 4.5 percent pay raise last year. That's almost double the typical American worker's, and a lot more than investors earned from owning their stocks – a big fat zero.

89. Haslam Allows Tennessee Refugees Lawsuit to Move Forward -

NASHVILLE, Tenn. (AP) – Republican Gov. Bill Haslam has decided not to veto a resolution demanding a lawsuit be filed over the federal refugee resettlement program in Tennessee.

The governor announced Friday that despite his concerns about the measure, he was allowing it to go forward without his signature.

90. Hertz, Duncan-Williams Promote Red Nose Day -

Employees in the Forum office complex in East Memphis are sporting red noses for a good cause.

The Hertz Investment Group and Duncan-Williams Inc. launched an initiative spanning the East Memphis campus, encouraging workers to participate in Red Nose Day, a nationwide fundraiser on Thursday, May 26, to help disadvantaged children at home and abroad.

91. One Family -

An unprecedented private investment aims to restore a commercial heart to the Soulsville USA neighborhood, where a pair of sprawling buildings take up nearly a full block across from the Stax Museum of American Soul Music. It isn’t an eyesore, but inactivity within those walls has been a drag on the community.

92. EDGE OKs Fast Track PILOT Program -

The board of the Memphis-Shelby County Economic Development Growth Engine has approved a new tax incentive package designed to give Memphis a more competitive edge against North Mississippi.

The EDGE board green-lighted the Fast Track PILOT program at its Wednesday, May 18, meeting, making it EDGE’s fifth payment-in-lieu-of-taxes program.

93. Phil Mickelson to Forfeit Nearly $1 Million in SEC Case -

NEW YORK (AP) – The professional golfer Phil Mickelson has agreed to forfeit nearly $1 million that the Securities and Exchange Commission said was unfairly earned on a tip from an insider trading scheme conducted by a former corporate director and a professional gambler.

94. Hertz, Duncan-Williams Promote Red Nose Day -

Employees in the Forum office complex in East Memphis are sporting red noses for a good cause.

The Hertz Investment Group and Duncan-Williams Inc. launched an initiative spanning the East Memphis campus, encouraging workers to participate in Red Nose Day, a nationwide fundraiser on Thursday, May 26, to help disadvantaged children at home and abroad.

95. Latest 'High Gear' Book Maps Success for College Grads, Millennials -

The 21 million U.S. students enrolled in postsecondary schools grew up with technology and the hourly clock of life ticking ever faster. Yet this has not always translated into a generation of young people ready to attack a world that waits for no one.

96. PFM Group Promotes Lowe To Managing Director -

Lauren Lowe has been promoted to managing director of The PFM Group, a leading provider of independent financial and investment advisory services to state and local governments and not-for-profit institutions. Based in PFM’s Memphis office, Lowe serves the firm’s municipal advisory clients. Her areas of expertise include debt transactions and structuring, strategic planning, pricing and cash flow analysis as well as advising many of her local government clients on policy development.

97. Ag-Focused Startup Accelerator Launching Cohort -

The community of startup founders launching companies in Memphis keeps getting bigger.

AgLaunch Accelerator, which will incubate six agriculture and food innovation startups in the city, is launching a new cohort in August. The program is a collaboration among the Memphis Bioworks Foundation’s Ag Innovation Development Group, the Tennessee Department of Agriculture, EPIcenter, Start Co. and a variety of other partner organizations.

98. Wilson Urges Family Philanthropic Efforts at Dunavant Awards -

When most people think of the Kemmons Wilson family, there is an image that comes to mind. It’s a black and white photo from the 1950s of the five children – three boys and two girls – of the Holiday Inn founder cutting the ribbon on the very first Holiday Inn at 4925 Summer Ave.

99. Last Word: GMF Aftermath, Cop Counts and Budgets and Richardson Towers' Fall -

More on the move by Bank of New York to have a receiver appointed for the Warren and Tulane Apartments currently owned by Global Ministries Foundation.

GMF CEO Rev. Richard Hamlet responded Wednesday to the filing in Memphis federal court saying he agrees that a receiver for the property is a good idea. But he doesn’t agree – and in fact, strongly disagrees with the claims and reasoning behind the bank’s call for the receiver.

100. Counseling Group Cancels Conference to Target Tennessee Law -

NASHVILLE, Tenn. (AP) – By canceling its conference in Tennessee next year, the American Counseling Association wants to put other states on notice that new LGBT laws can carry consequences, the group's leader said.