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Editorial Results (free)

1. GPAC Planning New Open-Air Venue -

1801 Exeter Road, Germantown, TN 38138

Owner: Germantown Performing Arts Center

2. Highwoods Sells Southwind Portfolio for $39M -

Highwoods Properties Inc. has sold a massive portion of its portfolio in Southwind to a New York-based investment group for $39 million.

3. Last Word: The Brooks Question, Boyd's Answer and Tigers In the Polls -

Art as a real estate consideration. One of the more unusual of many considerations as the Brooks search for a new site – a possible new site, I should add, becomes the city’s favorite topic. So from the CRE vantage point – here are two more possible sites to think about if you haven’t already – Cossitt Library and the Fairgrounds, as well as right where it has been for the last century.

4. Highwoods Sells Southwind Portfolio for Nearly $40M -

Highwoods Properties has sold a massive portion of its portfolio in Southwind to a New York-based investment group for $39 million.

In the deal, Highwoods Properties, doing business as Highwoods Reality Limited Partnership, sold eight parcels of land near the intersection of Players Club Parkway and Tournament Drive to Group RMC, which purchased the property under the name of Southwind Memphis Reality LP.

5. Germantown Medical Office Sells for $16M -

1325 Wolf Park Drive, Germantown, TN 38138

Sale Amount: $15.9 million

Buyer: Global Medical REIT

6. Southeast Shelby County Apartments Sell for $56M -

Preserve at Forest Creek, a sprawling southeast Shelby County apartment complex, has switched hands for more than $56 million.

In the deal, Blackstone, a New York City investment firm doing business as BRE Piper MF Forest Creek TN, sold the roughly 36-acre property to Columbus, Ohio-based investment management firm Coastal Ridge Real Estate doing business as PFC Memphis Borrowers for $56.6 million, according to a warranty deed filed on Sept. 14 with the Shelby County Register of Deeds.

7. Memphis Industrial Center Sells for $3.7 Million -

Boston-based real estate investment firm Plymouth Industrial REIT has expanded its local portfolio with the acquisition of a 132,000-square-foot industrial center in southeast Memphis.

In the deal, Plymouth purchased the property from Huntington Industrial Partners for $3.7 million.

8. Wunderlich Preparing Downtown Space for HQ Move -

By this time next year, Memphis-based investment firm Wunderlich Securities Inc. will have a prominent new headquarters space Downtown,

9. Waddell & Associates Platform Looks to Turn Millennials Into Investors -

Andrew Lichliter had a few thousand dollars in a retirement account, but wanted to change that to a different type of investment.

The problem, though, was that his $5,500 wasn’t nearly enough to open a typical investment account at most firms, some of which require hundreds of thousands of dollars just to start.

10. SE Memphis Industrial Center Sells for $3.7 Million -

Boston-based real estate investment firm Plymouth Industrial REIT has expanded its local portfolio with the acquisition of a 132,000-square-foot industrial center in southeast Memphis.

In the deal, Plymouth purchased the property from Huntington Industrial Partners for $3.7 million.

11. Plymouth REIT Expands Memphis Portfolio -

Boston-based real estate investment firm Plymouth Industrial REIT has expanded its local portfolio with the acquisition of a 132,000-square-foot industrial center in southeast Memphis.

In the deal, Plymouth purchased the property from Huntington Industrial Partners for $3.7 million.

12. REIT Set to Make Fifth Downtown Memphis Investment -

Alpha Residential Trust, a Pittsburgh, Pennsylvania-based real estate investment trust, has entered into an agreement to purchase the 266 Lofts development at the corner of Front Street and Dr. Martin Luther King Jr. Boulevard.

13. The Week Ahead: Sept. 4-10 -

Hello, Memphis – and Happy Labor Day! Hopefully the promise of an exciting football season and Memphis Redbirds playoff games will help ease you back into work mode after the three-day weekend. Both are in store – along with Goat Days and much more – in The Week Ahead...

14. Whitehaven Boom Gets Arena Catalyst -

As she looked across Elvis Presley Boulevard from the parking lot of the new Tri-State Bank headquarters at Elvis Presley and Farrow Road last week, Memphis City Council member Patrice Robinson took in the view of the new five-bay retail strip and looked north at another new strip soon to come online, and talked about a third in the works.

15. Tax Overhaul Faces Resistance From Fans of Some Deductions -

WASHINGTON (AP) – President Donald Trump and congressional Republicans have pledged to overhaul the nation's complex tax code. To slash taxes, they say they'll curb a web of expensive deductions and credits to allow more revenue to flow to the government.

16. Rhodes’ Wigginton Shaping Campus Culture in New Role -

Rhodes College has appointed Russell Wigginton vice president of student life and dean of students. In his newly created role, he will provide leadership for student success and help shape the campus culture for a diverse and inclusive student body.

17. Council OKs $6M Loan for Wonder Bread Garage -

The Memphis City Council approved a $6 million loan on Tuesday, Aug. 22, to help finance the development of a 481-space parking garage that’s a key part of the $73 million Wonder Bread redevelopment.

18. Parking at Crux of Cooper Street Plan -

It’s no secret that adding density in core areas like Midtown and Downtown has become one of the city’s more high-profile developmental goals, which is why more plans for multifamily projects have been popping on the agendas of governing bodies recently.

19. South City Redevelopment Activity Heating Up -

The up-and-coming South City neighborhood is enjoying a resurgence of redevelopment activity lately, with the restoration of several historic properties, new multifamily construction and talk of bringing in a grocery store. The city and the Downtown Memphis Commission have been instrumental in the renewed interest, with noteworthy projects including the Clayborn Temple, the Universal Life Building and the demolition of Foote Homes.

20. Fairgrounds Plan Will Consider Familiar Items -

The Fairgrounds redevelopment plan forming on a fast track will probably look familiar as far as the elements proposed for it.

“We are starting with the premise that we are using the previous planning efforts as insight for how we move forward,” Paul Young, city of Memphis Housing and Community Development director said on the WKNO/Channel 10 program “Behind The Headlines.”

21. Downtown Lofts to Begin Second Phase -

In this week’s Real Estate Recap, 266 Lofts in Downtown Memphis begins its second phase, Peak Capital closes on a massive Cordova apartment complex, and a Chattanooga-based rock climbing gym purchases land in East Memphis.

22. South City Redevelopment Heats Up With Renovations, New Construction -

The up-and-coming South City neighborhood is enjoying a resurgence of redevelopment activity lately, with the restoration of several historic properties, new multifamily construction and talk of bringing in a grocery store. The city and the Downtown Memphis Commission have been instrumental in the renewed interest, with noteworthy projects including the Clayborn Temple, the Universal Life Building and the demolition of Foote Homes.

23. How Many Funds Make a Good Mix? -

Ray’s Take: When it comes to building a portfolio for retirement, your goal shouldn’t be to load up with as many different types of investments as you can in the hopes that you’ll outsmart any fluctuations in the market. Diversification, like all things, has its limits.

24. SBA Head Sees Businesses Held Back by Lack of Loans, Workers -

NEW YORK (AP) – Six months into her tenure as head of the Small Business Administration, Linda McMahon sees a split among small business owners – they are increasingly optimistic, she says, but many are held back by their inability to get loans or find the right workers for jobs that are staying open.

25. One Decade Later: Effects of Financial Crisis Still Linger -

Ten years removed from the worst financial crisis since the Great Depression, the banking industry has transformed itself and wealth managers say investors remain leery.

Among other things, First Tennessee Bank jettisoned its national mortgage operation in the wake of the crisis. It refocused its attention and efforts around being a strong regional bank, as opposed to one with aggressive national ambitions. It trimmed headcount, boosted investment in technology and began to specialize, creating new industry-specific teams in verticals like health care and music-industry banking.

26. Cordova Apartment Community Sells for $27.9M -

The Charleston, a 284-unit apartment community on the east side of Houston Levee Road just south of U.S. 64, has sold for $27.9 million, marking a new chapter for a property that was built just last year.

27. Vikings Owners Join Group Trying to Bring MLS to Nashville -

NASHVILLE, Tenn. (AP) – The majority owners of the Minnesota Vikings are joining a group trying to bring a Major League Soccer expansion franchise to Nashville.

Mark, Zygi and Leonard Wilf are minority owners in the Nashville project, according to Nashville Soccer Holdings CEO John R. Ingram. Terms of the Wilfs' investment haven't been disclosed.

28. Bartlett Shopping Center Sells for $1.4 Million -

A Bartlett retail center has switched hands in a multimillion-dollar deal.

Robinwood Commercial Center, located at 6722 U.S. 70 in Bartlett, was purchased by California-based Kirama Investment Group for $1.4 million, according to paperwork filed with the Shelby County Register.

29. Cordova Apartment Community Sells for $27.9M -

The Charleston, a 284-unit apartment community on the east side of Houston Levee Road just south of U.S. 64, has sold for $27.9 million, marking a new chapter for a property that was built just last year.

30. Qatar Airways Dropping Plan to Invest in American Airlines -

DALLAS (AP) – Qatar Airways says it is dropping an attempt to buy a big stake in American Airlines, an audacious bid that had received a chilly reception from American.

Qatar Airways said Wednesday that the investment no longer meets its objectives. American Airlines Group Inc. did not comment immediately.

31. Last Word: Kustoff at Rotary, Royal's Vibe and The Terms of MEMPOWER -

The investment group that renovated the Chisca resurfaced Tuesday evening with a plan for the Wonder Bread factory, vacant for the last four years. But don’t look for a return of the bread smell to the Edge area. And if you look at what has started to happen in that particular corridor since Wonder Bread shut down, the mixed-use plan has some precedent. Throw in the move to sell The Commercial Appeal property just a few blocks away and if the economy remains this good, the transformation in this area could be radical in another four years.

32. Bartlett Shopping Center Sells for $1.4 Million -

A Bartlett retail center has switched hands in a multimillion-dollar deal.

Robinwood Commercial Center, located at 6722 U.S. 70 in Bartlett, was purchased by California-based Kirama Investment Group for $1.4 million, according to paperwork filed with the Shelby County Register.

33. Fully Loaded -

It’s almost like the first half of 2017 was a decade in the making, at least when it comes to commercial real estate. Throughout all four major sectors of the Memphis-area commercial real estate market – industrial, office, retail and multifamily – figures are consistently reaching or exceeding pre-recession marks.

34. Last Word: The Old Auto Inspection Station, Beale Field Trip and Re-Democrating -

Memphis Mayor Willie Herenton has a different version of his 2016 plan to build two youth development centers for juvenile offenders to go to instead of detention at the Wilder Youth Development Center in Somerville. About a year ago, Herenton had tentative plans for two of the New Path centers in Shelby County that would be centers where the offenders could live.

35. Last Word: ICE Raids, Who's Buying Afton Grove and Malco Powerhouse Plans -

A protest Sunday evening at the Prescott Place Apartments after federal ICE agents – Immigration and Customs Enforcement – took people into custody there and at Emerald Ridge and Corner Park apartments Sunday morning. The group of organizations protesting the federal action – Memphis Coalition of Concerned Citizens, Cosecha and SURJ Memphis -- say Memphis Police assisted in the immigration operation. Memphis Police deny they were involved in any way. No estimate from ICE on how many people were detained.

36. MRG, Thomas & Betts Receive Tax Incentives -

Makowsky Ringel Greenberg and Thomas & Betts were both awarded tax incentives to advance their respective projects by the Economic Development Growth Engine for Memphis and Shelby County on Wednesday, July 19.

37. Last Word: Closing the Door, Midtown Rents and Red West's Many Roles -

It didn’t take the Shelby County Commission very long Wednesday to close the door on its budget season – about 20 minutes in the day’s special meeting to approve a county property tax rate of $4.11 on third and final reading. That’s not a quick up or down vote. And it took just a bit longer because there is still some discussion about whether this was a reduction in the tax rate or a tax cut in the sense that a homeowner in Shelby County would understand the term.

38. Madison @ McLean Project Awarded 14-Year Tax Abatement -

Local multifamily development group Makowsky Ringel Greenberg has been awarded a 14-year tax abatement to construct a 132,477-square-foot, 108-unit apartment complex in Midtown Memphis.

Named Madison @ McLean after the eponymous Midtown intersection it will reside on, the $14 million project is the first ever recipient of a Residential PILOT (payment-in-lieu-of-taxes), incentive, which was created earlier this year by the Economic Development Growth Engine for Memphis and Shelby County.

39. Atlanta Retail Investor Makes $29M Purchase -

In this week’s Real Estate Recap, an 18-acre shopping center in the heart of Bartlett sells for $28.8 million, Ulta Beauty prepares to build out its space in Poplar Commons, and Dave & Buster’s continues work on its first Memphis location...

40. Bartlett Shopping Center Sells for Nearly $30M -

An Atlanta-based real estate investment firm has made its first purchase in the Memphis market with the acquisition of a 198,103-square-foot shopping center in the heart of Bartlett.

The Bartlett Towne Centre, located at 6005 Stage Road, was acquired by Branch Properties LLC from Houston-based real estate investment trust Weingarten Realty for $28.8 million.

41. Thomas & Betts to Invest $20.7 Million in Expansion -

Thomas & Betts plans to add 75 employees and invest $20.7 million in its headquarters relocation in Memphis and is seeking a 15-year payment-in-lieu-of-taxes (PILOT) incentive to help defray those costs.

42. Malco Pulls Additional Building Permit for Downtown Theater -

Malco Theatres’ Downtown movie theater continues to take shape, with the Memphis-based cinema chain seeking its second multimillion-dollar building permit for the project in recent months.


45 E. G.E. Patterson Ave.
Memphis, TN 38103
Permit Amount: $5 million

43. Malco Pulls Additional Building Permit for Downtown Theater -

45 E. G.E. Patterson Ave.

Memphis, TN 38103

Permit Amount: $5 million

Project Cost: $55 million

Application Date: July 2017

Owner: Henry Turley Co. and Community Capital

44. Editorial: Building Broadband Access Tough, Necessary -

Tennessee should have a broadband network that can handle the pent-up demand we all have for this kind of access, whether we are rural, urban or suburban Tennesseans.

It’s an issue whose outcome should not recognize our “grand divisions” or any other borders. It’s also an issue that dovetails with the Federal Communications Commission’s recent steps to roll back net neutrality rules, regulations enacted in 2015 that require broadband providers to treat all website traffic equally.

45. $18.5 Million Permit Filed for Central Station Project -

In this week’s Real Estate Recap, developers pull an $18 million permit for the Central Station overhaul, another new Downtown hotel is in the works and the new Laurelwood bookstore gets a restaurant...

46. Resource Label Group Paved a Road From Lamar to New Bartlett Facility -

After more than 20 years at their facility near Lamar Avenue, Resource Label Group officials wanted to move to a bigger and better place.

After looking around Shelby County, they settled on Bartlett, largely due to the suburban town’s atmosphere and family nature.

47. EDGE Gives Frayser Gateway Project Nod -

With all of the new development buzzing around Downtown, Midtown and East Memphis, it could be easy to overlook the addition of a new grocery store, but for some Frayser residents, it could mean everything.

48. Medicaid Cuts Could Hit Rural Children Hardest -

As Congress fiddles with an Obamacare replacement, one likely to cut billions in Medicaid spending, health care experts warn a decrease in funding could be hard on Tennessee.

During a recent forum in Jackson, Andy Schneider of the Georgetown Center on Children and Families reported that 50 percent of Tennessee’s children in small towns and rural areas are covered by Medicaid, a higher percentage than the rest of the nation, and more than in Tennessee’s urban areas where 39 percent have Medicaid.

49. Verizon Takes Over Yahoo to Complete $4.5 Billion Deal -

SAN FRANCISCO (AP) – Verizon has taken over Yahoo, completing a $4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the internet's best-known brands.

50. Tennessee Brewery Developers Seek Incentives for Second Phase -

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

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

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

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

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

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

53. It's Primetime at Amazon.com ... Shares Hit $1,000 -

NEW YORK (AP) – Amazon, the internet goliath that revolutionized the way much of the world buys books, toilet paper and TVs, hit a new milestone Tuesday. Its stock surpassed the $1,000 mark for the first time.

54. Last Word: Halfway Point, The Cancer-Influenza Connection and Wade Baldwin's Way -

Monday was the day that Memphis Light Gas and Water Division reached the halfway point in restoring power. There were 90,384 customers without power Monday evening, compared to 188,000 without power at the outset Saturday evening at 11 p.m. There were 126 utility crews working by Monday evening.

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

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

56. Memphis-Based MAA Thriving As Demand for Rental Housing Grows -

Since it was founded by George Cates in 1977, real estate investment trust MAA has grown from an upstart local business into a S&P 500 company with more than 100,000 units and total market capitalization of $16 billion.

57. The Buying And Selling Of Memphis -

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

58. Last Word: Sessions Notes, Lakeland Elects and Golf Classic Turns 60 -

U.S. Attorney General Jeff Sessions doesn’t stick with the script he has when he makes a speech, like the one he gave Thursday at the federal building to a room full of federal prosecutors and local and state law enforcement. Some of that comes from his background as a former U.S. Attorney and Alabama’s Attorney General, not to mention his tenure as a U.S. senator.

59. FCC Vote Kicks Off a Battle Over Regulation of the Internet -

NEW YORK (AP) – A federal agency voted to kick off the repeal of "net neutrality" rules designed to keep broadband providers like AT&T, Verizon and Comcast from interfering with the internet.

60. Many Women Think Men are the Better Investors; They're Not -

NEW YORK (AP) – Many men and women think men are the better investors. They're wrong.

After checking how 8 million of its customers did during 2016, Fidelity Investments found that women did better than men by an average of 0.4 percentage points.

61. Faropoint Acquires Massive Industrial Portfolio for $33.1M -

Looking to continue its recent trend of bullish activity in the Memphis market, Faropoint Ventures has acquired a 1.1-million-square-foot industrial portfolio for $33.1 million. Details on that and more commercial real estate news in this week's Real Estate Recap...

62. Cai to Lead Memphis Chamber’s International Business Efforts -

Jinliang (Jin) Cai has joined the Greater Memphis Chamber as vice president of international business development. In that role, Cai will be directing efforts both to grow foreign direct investment in Memphis and Shelby County and to increase the volume of local exports to foreign markets. 

63. Losses at JC Penney Double, Sales Slide, As Do Shares -

PLANO, Texas (AP) – Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers.

Though the loss at first did not appear as bad as many industry analysts had expected, many soured on even that after a closer look.

64. Last Word: Deeper on Beale, End of Session and Johnny Mathis -

Beale Street keeps its cover charge on Saturday nights during its Memphis In May peak. But the district has some complex questions to resolve about its future and who controls that future. If that wasn’t evident before, it became apparent at City Hall Tuesday. It wasn’t the council action on the Beale Street Bucks program that was significant as much as it was the council’s discussion.

65. Faropoint Acquires Massive Industrial Portfolio for $33.1M -

Looking to continue its recent trend of bullish activity in the Memphis market, Faropoint Ventures has acquired a 1.1 million-square-foot industrial portfolio for $33.1 million.

The seller was Greenfield Partners LLC, a Connecticut-based private equity firm. 

66. Punching In Past 65: Older-Worker Rate Highest Since 1962 -

NEW YORK (AP) – Retire by your mid-60s? How 1960s.

More Americans age 65 and over are still punching the clock, and the last time the percentage was this high was when John F. Kennedy was in the White House.

67. Eighteen Startup Teams Set to Begin ‘Summer of Acceleration’ in Memphis -

Eighteen startup teams this week have kicked off the “Summer of Acceleration,” the season of joint accelerator programming across six startup accelerators overseen by the EPIcenter, Memphis Bioworks and Start Co.

68. Last Word: DNA Unit Trouble, 100 Years After Ell Persons and Gas Tax Hike Redux -

The suspension of Ouita Knowlton, the Memphis Police detective overseeing the MPD's DNA Unit, appears to involve more than alleged violations of police policies. The unit oversees testing and processing of all current rape kits and those left unprocessed for decades that the city is currently working its way through five years after the admission. The District Attorney General’s office is part of the investigation of Knowlton, the office confirmed Monday. There are no specifics about what is involved here. But the police investigation will go to District Attorney General Amy Weirich who will then determine if criminal laws were violated and if there is a case to be made.

69. The Week Ahead: May 1-7 -

Happy Monday, Memphis! May has arrived, which means it’s time to kick off the Memphis in May International Festival with the always-popular Beale Street Music Festival – and that’s just one of the events music lovers will enjoy this week. Plus, check out where to celebrate Star Wars fans’ favorite holiday and other happenings you need to know about in The Week Ahead... 

70. Mayors and Planners Challenge Assumptions at RegionSmart -

At the end of last week’s day-long RegionSmart Summit Downtown, Tipton County Executive Jeff Huffman remarked on how roomy and comfortable the chairs at the Halloran Centre had been for the mayors, planners, developers and others who gathered for the Urban Land Institute event.

71. Sediver Opens $15 Million Facility in West Memphis -

Sediver USA has cut the ribbon on its $15 million facility in West Memphis, where the company will manufacture toughened glass insulators for high-voltage transmission lines.

Peter Baumgartner, chairman of Sediver USA and CEO of its Luxembourg-based parent company, the Seves Group, was joined by Arkansas Gov. Asa Hutchinson, Clean Line Energy Partners president Michael Skelly and Seves Group chairman Joakim Olsson at the Friday, April 21, event.

72. ServiceMaster Q1 Income Holds Steady; IP Profits Drop -

A pair of Memphis-based corporations – ServiceMaster Global Holdings and International Paper Co. – posted first-quarter numbers Thursday, April 27, that reflect ongoing changes at both.

73. FCC Chief Lays Out Attack on 'Net Neutrality' Rules -

NEW YORK (AP) – Internet companies are readying for a showdown with a Republican-controlled government over a policy near and dear to their hearts: net neutrality.

Federal Communications Commission Chairman Ajit Pai said in a Wednesday speech that he wants to ditch the Obama-era rules, hated by telecoms, that prevent broadband and wireless companies from interfering with the sites and apps that consumers use. He wants to undo their legal basis and to eliminate the FCC's broad powers to monitor Verizon, AT&T and Comcast for bad behavior.

74. Trump Plan Would Cut Taxes for Companies – And People, Too -

WASHINGTON (AP) – President Donald Trump proposed dramatic cuts in corporate and personal taxes Wednesday in an overhaul his administration asserts will spur national economic growth and bring jobs and prosperity to America's middle class. But his ambitious plan is alarming lawmakers who worry it will balloon federal deficits.

75. Last Word: Popovich's Tip, Strickland's Budget and Haslam's Jump Start on Roads -

Game 5 goes to the Spurs in San Antonio 116-103 over the Grizz who are back here Thursday. Spurs coach Gregg Popovich is not effusive in his comments to the media, which is fun to watch, but it does make tracking down and veryifying this next story a bit difficult. A credit card receipt showed up on Redditt that appears to show Popovich left a $5,000 tip on an $815.73 bill at McEwen’s Friday night between the two Memphis-based playoff games.

76. Last Word: Game Day In San Antonio, Gas Tax Compromise and Democrats Talk -

Shelby County Commissioner Justin Ford is out on bond after being charged Monday with domestic violence assault and false imprisonment. And the Shelby County Commission does not appear to have a precedent for taking any kind of action until the charges are resolved one way or another although commission chairman Melvin Burgess is exploring that with attorneys.

77. Sediver Opens $15M Manufacturing Facility in West Memphis -

Sediver USA has cut the ribbon on its $15 million facility in West Memphis, where the company will manufacture toughened glass insulators for high-voltage transmission lines.

Peter Baumgartner, chairman of Sediver USA and CEO of its Luxembourg-based parent company, the Seves Group, was joined by Arkansas Gov. Asa Hutchinson, Clean Line Energy Partners president Michael Skelly and Seves Group chairman Joakim Olsson at the Friday, April 21, event.

78. Riding New Wave -

In 2007, about a half-dozen Memphis companies came together to found the Urban Land Institute Memphis chapter. It was a fine start. Six years later, ULI Memphis was convening a group of mayors from the tri-state area and, at least initially, trying very hard to make it informal and non-threatening.

79. Coalition Urges City Funding For Schools -

A coalition of 13 organizations and 17 citizens, including Shelby County Schools board chairman Chris Caldwell and state Reps. Raumesh Akbari and G.A. Hardaway, are calling on Memphis Mayor Jim Strickland to include at least $10 million in funding for schools in the budget he takes to the Memphis City Council next week.

80. Shaffer Named Executive Director Of Rebranded BLDG Memphis -

John Paul Shaffer recently was named executive director of BLDG Memphis, the rebranded entity that brings the Community Development Council of Greater Memphis and Livable Mem-phis under a single organizational identity.
In his new role, Shaffer’s job is to guide the organization in its mission of supporting neighborhood revitalization through a network of organizations and individuals working in the community development space – which BLDG Memphis does primarily through organizational capacity building, community education and engagement, and public policy and advocacy – as well as to promote the new brand. 

81. Coalition Urges City Funding For Memphis Schools -

A group of 13 organization and 17 citizens including Shelby County Schools board chairman Chris Caldwell and state Representatives Raumesh Akbari and G.A. Hardaway are calling on Memphis Mayor Jim Strickland to include at least $10 million in funding for schools in the budget he takes to the Memphis City Council next week.

82. Memphis City Council OKs Sale of Sheraton Hotel -

The Memphis City Council on Tuesday, April 11, approved Host Hotels & Resorts LP’s $67 million sale of the Sheraton Memphis Downtown convention center hotel to LMS Real Estate Investment Management LLC, a newly formed joint venture between Schulte Hospitality Group and Starwood Capital Group.

83. Immigrant Student Tuition Bill Fails In House Education Committee -

Karla Meza dreams of enrolling in the University of Tennessee Law School after growing up in Knoxville and watching college students walk along Cumberland Avenue.

But that dream is on hold after a House Education committee refused Tuesday, April 11, to allow all students, including illegal immigrants, who graduate from Tennessee high schools to pay in-state tuition at state colleges.

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

The Memphis City Council on Tuesday, April 11, approved Host Hotels & Resorts LP’s $67 million sale of the Sheraton Memphis Downtown convention center hotel to LMS Real Estate Investment Management LLC, a newly formed joint venture between Schulte Hospitality Group and Starwood Capital Group.

85. Shops of Wolflake Near Wolfchase Sells for $4.8M -

2965 N. Germantown Parkway
Bartlett, TN 38133 

Sale Amount: $5 million

Sale Date: March 31

Buyer: WFL Retail LLC

86. Immigrant Student Bill Fails in House Education Committee -

Karla Meza dreams of enrolling in the University of Tennessee Law School after growing up in Knoxville and watching college students walk along Cumberland Avenue.

But that dream is on hold after a House Education committee refused Tuesday, April 11, to allow all students, including illegal immigrants, who graduate from Tennessee high schools to pay in-state tuition at state colleges.

87. Council Faces Beale Street, Parking Decisions -

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

88. Shops of Wolflake Sells for $4.8 Million -

A Germantown Parkway shopping center near Wolfchase Galleria has switched hands for nearly $5 million, according to a warranty deed filed with the Shelby County Register of Deeds March 31.

Called the Shops of Wolflake, the Bartlett shopping center is located between St. Francis Hospital-Bartlett and the Wolfchase mall and is anchored by Eat Well Sushi and Grill.

89. “Gateway’ Puzzle Begins To Come Together -

Starting last summer, a new ownership group for the city’s largest hotel by room count was undertaking its due diligence largely out of the public eye.

There were some rumblings about the Sheraton Memphis Downtown changing hands three years after a renovation of the 600-room hotel attached to the Memphis Cook Convention Center.

90. Editorial: Accelerators, Startups And the Fear of Failure -

Opening a business isn’t easy; keeping it open is even more difficult. The extensive education and mentoring available from startup accelerators and incubators helps prepare entrepreneurs for success, but the prep work must end at a certain point. And then the accelerator alumni – like all small-business owners – discover whether their venture will fall or fly.

91. City's Largest Hotel Changes Hands In Latest 'Gateway' Puzzle Piece -

The largest hotel in the city by room count is changing hands in what is a key part of the city’s effort to remake the Memphis Cook Convention Center as a part of a larger “Gateway project” in the general convention center area.

92. Last Word: Lawsons Exit, LaRose Lessons and No Medicaid Expansion This Year -

The Lawson Brothers exit Tigers basketball seeking a release from the University of Memphis. The statement from Dedric and K.J. Lawson was all sweetness and light and apparently about as sincere as one of those interviews where players and coaches declare that if they will just play hard and put more points on the board than the other team then they should win.

93. Shops of Wolflake Near Wolfchase Sold for $4.8M -

A Germantown Parkway shopping center near Wolfchase Galleria has switched hands for nearly $5 million, according to a warranty deed filed with the Shelby County Register of Deeds March 31.

Called the Shops of Wolflake, the Bartlett shopping center is located between St. Francis Hospital-Bartlett and the Wolfchase mall and is anchored by Eat Well Sushi and Grill.

94. Wiseacre Tables Plans to Build Brewery in Coliseum -

Wiseacre Brewing Co.'s plans to expand into the Mid-South Coliseum are off but could re-emerge somewhere down the road as the city administration renews discussions about a fuller renovation of the Mid-South Fairgrounds.

95. Pinnacle Ramps Up Investment in Memphis -

Since its entry into Memphis, Nashville-based Pinnacle Financial Partners has been slowly ramping up and investing in its presence here, a trend that has continued unabated in recent weeks.

The bank, among other things, struck a deal to bring a Starbucks store inside its Wolf River office at 1264 S. Germantown Road. It’s also gone on a hiring binge in recent weeks, and it’s filed a $2.3 million building permit for interior tenant work for its Memphis headquarters at 949 S. Shady Grove Road.

96. Community Groups Working to Bridge Economic Development Gaps -

When a $1 million award for North Memphis was announced recently, it signaled an opportunity to bring change to those communities.

North Memphis received a $1 million award through the Strong, Prosperous, And Resilient Communities Challenge (SPARCC) that went to the Memphis Partners for Resilient Communities. But in the Klondike and Smokey City neighborhoods of North Memphis, work has been underway for years to support the people who live and work there in the form of the Klondike Smokey City Community Development Corp.

97. Lawmakers Blast Haslam Administration for Process Toward JLL Contract -

The Tennessee Department of General Services is set to award a statewide contract for facility management services to Jones Lang LaSalle, a company that already handles 10 percent of state office space and estimates a 15.9 percent savings if all higher education institutes participate.

98. Is College Worth The Investment? -

I’ve met a number of people lately who have said something that’s surprised me. They’ve told me that they aren’t sure if college is really worth it. They believe it would be a waste of money to pay for something they might never use, especially if they change their mind on their career path later.

99. Trump's SEC Pick, an Ex-Goldman Lawyer, to Face Skepticism -

WASHINGTON (AP) – Goldman Sachs may be about to get another friend in Washington.

Jay Clayton, a well-connected Wall Street lawyer who is President Donald Trump's pick to lead the Securities and Exchange Commission, is sure to face sharp questions from Democrats at his confirmation hearing Thursday over his years of work for Goldman and other financial giants.

100. FedExFamilyHouse Breaks Ground on $12M Expansion -

918 Poplar Ave.
Memphis, TN 38105

Project Cost: $12 million 

Owners: Le Bonheur Children’s Hospital and FedEx