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Editorial Results (free)

1. Red State, Blue Mayors -

Nashville Mayor Megan Barry, a Democrat in Tennessee’s sea of red, finds herself adapting to the control Republicans hold over the state Legislature.

2. 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.

3. Rating Agencies, State Comptroller Tout Improved City of Memphis Finances -

The most outspoken critic of the city’s financial condition said Monday, July 25, that Memphis leaders have made a “remarkable achievement.”

“Just three years ago there was a serious question about whether the City Council would take the necessary steps to control its budget and determine Memphis’ future,” Tennessee Comptroller Justin Wilson wrote Monday to Memphis Mayor Jim Strickland and Memphis City Council chairman Kemp Conrad. “If you continue on this path, Memphis will reclaim its rightful place among the truly vibrant cities of the world.”

4. Verizon Buys Yahoo for $4.83B, Marking End of an Era -

SAN FRANCISCO (AP) – Verizon is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the internet.

It is the second time in as many years that Verizon, extending its digital reach, has snapped up the remnants of a fallen internet star. The nation's largest wireless carrier paid $4.4 billion for AOL last year.

5. 3 Ways to Elevate Your Volunteer Engagement Program -

How can you increase the time, money and expertise available to your nonprofit? Some of us want to increase the hours in our days from 24 to 30, others believe “cloning” is an alternative. We understand the lament “not enough hours in the day” and so we offer a proven solution: elevate your volunteer engagement program. Here are three things to consider.

6. Events -

Memphis Metropolitan Planning Organization will hold two public meetings Wednesday, July 20, to present short-term investments for multimodal projects in the Memphis metropolitan planning area. The meeting will take place at MATA Central Station, 545 S. Main St., from noon to 1 p.m. and at Bartlett City Hall, 6400 Stage Road, from 5:30 p.m. to 6:30 p.m. Email pragati.srivastava@memphistn.gov for more information. 

7. Paragon Bank: Not Too Big, Not Too Small, But Just Right -

Robert Shaw won’t say that big banks don’t have their place in the industry. He knows better.

8. White House: Budget Deficit to Rise to $600 Billion -

WASHINGTON (AP) — The White House on Friday predicted that the government's budget deficit for the soon-to-end fiscal year will hit $600 billion, an increase of $162 billion over last year's tally and a reversal of a steady trend of large but improving deficits on President Barack Obama's watch.

9. Paragon Executive Touts Personal Touch of Community Banking -

Robert Shaw won’t say that big banks don’t have their place in the industry. He knows better.

“Larger banks do a lot of things very well,” said Shaw, CEO of Paragon Bank. “But community banks can do things on a more personal basis.”

10. Progress in Closing the Digital Divide -

When I worked in financial services I saw the information technology sector quickly grow to be the second largest sector, making up over 20 percent of the capital markets.

Now that I am back in Memphis and working to build high-growth entrepreneurial technology companies, I see firsthand how the lack of embracing information technology earlier here in Memphis hit us like a sledgehammer.

11. Humane Society Seeks New Leader After Terminating Director’s Contract -

The Humane Society of Memphis and Shelby County has terminated executive director Andrew Jacuzzi’s contract and retained Amy Howell as consulting interim director.

12. Chinese Imports Push Up US Trade Deficit in May -

WASHINGTON (AP) – The U.S. trade deficit climbed in May as a surge in imports of Chinese-made cellphones and computers pushed the politically sensitive imbalance with China to the highest level in six months.

13. Chinese Imports Push Up US Trade Deficit in May -

WASHINGTON (AP) – The U.S. trade deficit climbed in May as a surge in imports of Chinese-made cellphones and computers pushed the politically sensitive imbalance with China to the highest level in six months.

14. Memphis Financial Pros Brace for More Brexit Fallout -

Markets are a little like patients going in for a medical checkup. Neither one likes big surprises.

Nevertheless, that’s what everyone got at week’s end after the United Kingdom voted to pull out of the European Union. And the first phone call that First Tennessee Bank chief investment officer Jerry Laurain got on the morning after the unexpected vote result was the kind investment professionals always brace for after market-moving shocks.

15. OECD Forecasts Stronger US Growth in 2017 -

WASHINGTON (AP) – A Paris-based international group is forecasting that the U.S. economic expansion, celebrating its seventh birthday this month, should remain on track over the next two years with growth strengthening in 2017.

16. Inflation’s Impact on Your Investments -

Ray’s take: Most investors place “safety” or “guarantees” on the list to consider when evaluating any investment. Too many don’t fully consider the risk of going broke safely on that list. That’s what inflation does to you.

17. AT&T Invests Nearly $200M in Memphis in Past 3 Years -

AT&T invested nearly $200 million in its Memphis-area wireless and wired networks between 2013 and 2015, the company announced this week.

The investments enhance reliability, coverage, speed and performance for residents and businesses, and also enhance services that support public safety and first responders.

18. Financial Stress to Financial Yes -

Every year Americans make $46 billion worth of payday loan transactions, with more than 40 percent of these loans processed online. Payday loans allow borrowers to withdraw cash anywhere from a few days to a couple of weeks prior to receiving their paycheck, with the intent to pay it back with interest and fees when they receive their next paycheck.

19. Collierville Sees Year’s Largest Multifamily Sale -

160 Madison Farms Drive
Collierville, TN 38017

Sale Amount: $34.3 million

Buyer: Spyglass-Collierville LLC

20. Memphis Misses Promise Zone List -

Memphis wasn’t on the list announced Monday, June 6, of nine communities – including Nashville – that will receive federal Promise Zone assistance from the U.S. Department of Housing and Urban Development.

21. Collierville Apartments Sell for $34.3 Million -

Collierville’s 324-unit Madison at Schilling Farms apartment community has changed hands in the largest multifamily sale in Shelby County over the past year.

New Jersey-based private equity firm Spyglass Capital Partners LLC, working as Spyglass-Collierville LLC, paid $34.3 million, or $105,864 per unit, for the Class A property. The seller, Arenda Capital Management affiliate Madison 324 LLC, had purchased the community four years ago for $32 million.

22. Cloverleaf Shopping CentercUnveils New Look -

The owners of the Cloverleaf Shopping Center at Summer Avenue and White Station Road have recently wrapped a major renovation and rebranding of the center.

The new signage and retro logo is meant to be a throwback to the center’s mid-century roots.

23. Greenprint Summit To Be Held June 23 -

The Memphis-Shelby County Office of Sustainability will hold its second Greenprint Summit this month.

On June 23, regional speakers and local leaders will speak on their efforts in improving green infrastructure in the Mid-South.

24. Madison at Schilling Farms Sells for $34.3 Million -

Collierville’s 324-unit Madison at Schilling Farms apartment community has changed hands in the largest multifamily sale in Shelby County over the past year.

New Jersey-based private equity firm Spyglass Capital Partners LLC, working as Spyglass-Collierville LLC, paid $34.3 million, or $105,864 per unit, for the Class A property. The seller, Arenda Capital Management affiliate Madison 324 LLC, had purchased the community four years ago for $32 million.

25. Greenprint Summit To Be Held June 23 -

The Memphis-Shelby County Office of Sustainability will hold its second Greenprint Summit this month. On June 23, regional speakers and local leaders will speak on their efforts in improving green infrastructure in the Mid-South.

26. Cloverleaf Shopping Center Unveils New Look -

The owners of the Cloverleaf Shopping Center at Summer Avenue and White Station Road have recently wrapped a major renovation and rebranding of the center.

The new signage and retro logo are meant to be a throwback to the center’s mid-century roots.

27. First-Quarter Results Show Fred’s on Rebound -

Especially for a company like Memphis-based discount retailer Fred’s Inc., quarterly earnings results are about more than the numbers.

Fred’s – which grew total sales 8 percent during the quarter ended April 30 over the same period last year and earned $1.3 million in net income – is in the midst of a broad strategic and operational realignment. On the heels of new additions to management last year, plus new strategic imperatives and a big acquisition, changes the company is pushing this year include positioning itself as more of a health care company.

28. Innovating Health -

Dr. Guy Reed’s Memphis-based medical startup hit a big milestone toward the end of 2015, when Japanese pharmaceutical company Daiichi Sankyo reached a deal to license the company’s technology.

29. 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.

30. Feds Spend Billions to Run Museum-Ready Computer Systems -

WASHINGTON (AP) – The government is squandering its technology budget maintaining museum-ready computer systems in critical areas from nuclear weapons to Social Security. They're still using floppy disks at the Pentagon.

31. Citibank Paying $425M in Fines to Settle US Charges on Rates -

WASHINGTON (AP) – Citibank will pay $425 million in fines to settle federal civil charges of attempting to manipulate key benchmarks used to set interest rates for investments in derivatives and U.S. Treasury bonds as well as a range of consumer loans.

32. Appeals Court Reverses Fraud Finding Against Bank of America -

NEW YORK (AP) – Bank of America Corp. was not liable for fraud and subject to a penalty of over $1.2 billion for its actions before the economy collapsed in 2008 despite a jury's finding to the contrary, a federal appeals court ruled Monday.

33. Haslam Signs Bill to End Tax on Earnings From Investments -

NASHVILLE, Tenn. (AP) – Republican Gov. Bill Haslam has signed a bill into law that will phase out the state's Hall tax on earnings from stocks and bonds.

The law reduces the tax by 1 percentage point in the first year and then requires future reductions to eliminate the tax altogether by 2022.

34. Production Unaffected By Fire at GM Plant in Spring Hill -

SPRING HILL, Tenn. (AP) – A fire at the General Motors plant in Tennessee was quickly extinguished and will not affect production at the Spring Hill facility.

GM spokesman Tom Wickham said Friday that the fire in the air handling unit is believed to have been caused by a welding spark.

35. 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.

36. St. Jude Pulls $84.5M Permit for Expansion -

St. Jude Children’s Research Hospital has applied for an $84.5 million permit for construction on its Downtown campus, part of a $9 billion strategic plan announced late last year.

Addition and alterations will take place at 262 N. Danny Thomas Blvd., according to the application, which lists W.G. Yates & Sons Construction Co. as the contractor.

37. Haves, Have-Nots Get Varied Tax Relief -

Amid the rancor of bathroom and counseling bills, two major pieces of legislation slipped through the General Assembly this session with hardly a peep – elimination of the Hall tax and a partial revitalization of property tax relief for seniors and disabled veterans.

38. More Student Housing For University District -

3557 Mynders Ave. 
Memphis, TN 38111
Permit Amount: $15.5 million

Completion: Fall 2017
Owner: 908 Group
Tenant: The Nine
Architect: BDG Architects
Details: A student housing tower near the University of Memphis has taken a step forward nearly two years after a development on that site was first announced.

39. Olymbec Purchases TBC Warehouse -

Montreal, Canada-based Olymbec USA has purchased a Hickory Hill warehouse currently occupied by Tire & Battery Corp.

40. Mayor Opposes City Funds for Mud Island -

Memphis Mayor Jim Strickland says the city may be willing to help fund a $9 billion expansion of St. Jude Children’s Research Hospital that is mostly private capital.

41. Raleigh Mall Demolition Signals Change After Delays -

The crowd of several hundred people on the south end of the Raleigh Springs Mall Saturday, May 7, was larger than the crowd inside the mall to shop.

They came to watch the beginning of the end.

42. First Horizon Honored for Technology -

First Horizon National Corp. has been ranked on the InformationWeek Elite 100 list, which celebrates the country’s most innovative users of business technology.

43. The Week Ahead: May 9-15 -

Alright, Memphis, grab your calendars! Whether you want to book it over to the Ruby Bridges Reading Festival or just baste in the scent of barbecue, there’s plenty to do this week. Here’s our roundup...

44. Aspire to Open New Charter School -

Aspire Public Schools is opening a new kindergarten through first-grade charter school in Hickory Hill. Montgomery Martin Contractors recently applied for a $3.3 million building permit at 6870 Winchester Road, the site of a former Haverty’s furniture store.

45. Downtown Condo Connection Added Management Service to Survive Recession -

When Karen Barrows and her husband decided to move back to Memphis from Florida to be closer to their daughter and young granddaughter, they had their eyes set on living in the heart of the city.

They previously had lived in Arlington and knew this time around they were interested in Midtown. Their daughter connected them to Kendall Haney, a Memphis Realtor who operates Downtown Condo Connection.

46. Memphis MSA Industrial Sector Has A Strong First Quarter After Record 2015 -

The Memphis MSA industrial sector had a strong first quarter after a record-breaking year in 2015.

Last year saw a record absorption rate of 8.4 million square feet, which is 2 million square feet higher than 2006’s pre-recession levels.

47. Aspire to Open New Charter School -

Aspire Public Schools is opening a new kindergarten through first-grade charter school in Hickory Hill. Montgomery Martin Contractors recently applied for a $3.3 million building permit at 6870 Winchester Road, the site of a former Haverty’s furniture store.

48. Metlife Fined $20M for Variable Annuities Switches -

WASHINGTON (AP) – MetLife has been fined $20 million by Wall Street's policing body for misleading customers in switching them from variable annuities contracts into more expensive ones.

49. -

EMPHASIS Securities & Investments
...

50. 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.

51. -

SPECIAL EDITION Securities & Investments
...

52. Grinding Recovery -

Michael Drury is watching the current U.S. presidential season with a combination of professional detachment and an air of resignation.

Detachment, because part of his job as chief economist at Memphis-based McVean Trading & Investments is to keep abreast of what makes economies around the world tick. Part of that, of course, means at least some degree of focus on the man – or, possibly a few months from now, the woman – who sits astride the dominant global economy.

53. Last Word: TNReady Termination, NFL Draft Day and What Drove The Bible Bill -

When students in public schools take tests these days, it is about more than how they are doing and whether they know what is being taught them.

The scores play a significant role in how teachers are evaluated and rated. And both play a role in their careers and how much they will be paid. They play a role in whether the state decides to take over a school or the school system they remain in decides to essentially start over with an Innovation School model.

54. 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.

55. 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.

56. Hagler Launches Solo Practice as Real Estate Sector Picks Up -

Monice Moore Hagler grew up in a real estate family. Her father owned a real estate company and her brothers studied finance and real estate before going on to become brokers.

So of course it only made sense that she pursued a career in social work, where she worked with children on welfare and children who were placed for adoption. She worked closely with special needs adoptions, including older children who were more difficult to adopt.

57. 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.

58. 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.

59. $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.

60. 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.

61. Sale of Former Memphis Police Headquarters Set for May -

The tours and inspections are done for now. And City Hall’s timeline for selling the circa-1910 Memphis Police headquarters at 128 Adams Ave. is a bit behind schedule.

62. 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.

63. 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.

64. Woman Sentenced to Prison for Defrauding Disabled Couple -

MEMPHIS, Tenn. (AP) – Federal prosecutors say a West Tennessee woman has been sentenced to three years and five months in prison for defrauding a disabled couple of more than $500,000.

65. 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.

66. Georgia Tech Hires Pastner From Memphis to Replace Gregory -

ATLANTA (AP) – Josh Pastner isn't promising a quick fix as Georgia Tech's basketball coach.

67. 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.

68. 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.

69. 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.

70. Allergan, Pfizer Call Off Proposed $160B Merger -

Top U.S. drugmaker Pfizer and Irish rival Allergan are charting independent futures after scrapping a record $160 billion deal torpedoed by new Treasury Department rules meant to block American companies from moving their corporate addresses overseas – on paper – to avoid U.S. taxes.

71. Spence Wilson To Keynote Dunavant Awards May 11 -

Spence Wilson, chairman of the board of Kemmons Wilson Companies, is the keynote speaker for the annual Bobby Dunavant Public Servant Awards to be held May 11 at the Holiday Inn University of Memphis.

72. Fertile Ground -

Residents of the Memphis Medical District have begun filing in to the Premier Palace ballroom on Madison Avenue, along with area stakeholders, planners and other attendees who have business interests in the area.

73. Memphis Presence Helps Turn Tide on Controversial Legislation -

The Tennessee Legislature’s de-annexation debate is over for now. But the bill’s effect on the Memphis-Capitol Hill relationship has left a larger political imprint than the proposal.

That’s saying a lot considering the proposal dealt with the possibility of territory and citizens rearranging the city’s boundaries to put them and the taxes they pay outside the city limits.

74. Metropolitan Bank Putting Focus on Mergers & Acquisitions -

The leadership at Metropolitan Bank is feeling confident enough about its balance sheet, its talent bench and its future prospects that it let shareholders know in recent days – we’re looking for banks to buy.

75. New Haslam Spending Proposed for Roads, TennCare, Schools -

NASHVILLE, Tenn. (AP) – Republican Gov. Bill Haslam on Monday proposed new spending on Tennessee roads, TennCare and schools.

The annual budget amendment reflects the governor's priorities for spending about $65 million in savings beyond what was originally projected for the budget year beginning July 1.

76. 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.

77. 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.

78. Methodist Makes 'Great Commitment' to Memphis With Expansion -

Methodist University Hospital CEO Jeff Liebman sees the $275 million that Methodist Healthcare is investing into the system’s flagship hospital as a “great commitment” to Memphis.

79. Millionaires: Raise Our Taxes to Address Poverty, Fix Roads -

ALBANY, N.Y. (AP) – More than 40 millionaires, including members of the Rockefeller and Disney families, are asking to have their taxes raised to help address poverty and rebuild failing infrastructure.

80. Pastner To Remain Tigers’ Basketball Coach -

University of Memphis President M. David Rudd and Athletic Director Tom Bowen put a lot of speculation to rest Friday, March 18, when they announced Josh Pastner will remain head coach of the men’s basketball team.

81. The Week Ahead: March 14-20, 2016 -

How was your weekend, Memphis? Here’s our weekly roundup of local happenings you need to know about, from the first look at the Greater Memphis Chamber’s proposed diversity program to a truly Irish celebration of St. Paddy’s Day.

82. Jernigan Capital Reports 2015 Results -

Memphis-based Jernigan Capital, a company that acts as a source of capital for self-storage entrepreneurs, closed $175.7 million of investment transactions between March and the end of 2015.

That’s according to the company’s 2015 earnings results, released late Monday, March 7. Among other highlights, the company built up a more than $600 million pipeline as of the beginning of this week and obtained up to $110 million of additional private capital.

83. Last Word: Mudslide, The Deannexation Storm and Kilzer at Calvary -

Lots of news on a very rainy day including the flooding from the constant rain that closed some schools and cancelled a lot of other events. And then there was a mudslide on Riverside Drive from the bluff overlooking Tom Lee Park and the Mississippi River. The rain has also pushed the Wolf River to the point that it is now over some parts of the greenway in Germantown.

84. Klondike Wants Plan To Stave Off Gentrification -

With multimillion-dollar investments growing up around it in the Crosstown and Uptown neighborhoods, the Klondike/Smokey City Community Development Corp. is working with the University of Memphis on a grassroots action plan to stave off gentrification.

85. Jernigan Capital Reports 2015 Results -

Memphis-based Jernigan Capital, a company that acts as a source of capital for self-storage entrepreneurs, closed $175.7 million of investment transactions between March and the end of 2015.

That’s according to the company’s 2015 earnings results, released late Monday, March 7. Among other highlights, the company built up a more than $600 million pipeline as of the beginning of this week and obtained up to $110 million of additional private capital.

86. ZeroTo510 Nearing Application Deadline -

Applications for the fifth cohort of ZeroTo510, Memphis’ medical device startup accelerator, are being accepted for two more weeks.

The deadline is March 15. According to the program, now in its fifth year, ZeroTo510, has accelerated the creation of 20 new companies, $9.2 million in investments, and more than 40 jobs. In addition, 60 percent of graduates have received post-accelerator follow-on funding, at an average of $675,000 per company.

87. Green Sword -

First it was a rumor – there would be a move by the Memphis City Council aimed at putting a quick end to the long-simmering Overton Park Greensward controversy.

It would come quickly and just before the start of the third spring of protests against the Memphis Zoo's use of the northern part of the Greensward for overflow parking.

88. GTx Results Show Narrowing Loss -

Memphis-based biopharmaceutical company GTx Inc. is currently enrolling patients in three clinical trials – two trials evaluating its product enobosarm as a potential treatment for women with advanced breast cancer, and another trial studying enobosarm as a potential treatment for stress urinary incontinence in postmenopausal women.

89. Millennials Hire Computers to Invest Their Money -

PHOENIX (AP) – Computers help us decide what route to take to the grocery store, who to date, and what music to listen to. Why shouldn't they also decide how we invest?

Younger investors, particularly those born in the early 1980s to late 1990s known as millennials, are increasingly adopting apps and what are known as robo-advisers to make their retirement decisions for them. In the last year Betterment, Wealthfront, Acorns and others have brought in several billions of dollars in assets that used to be handled by traditional brokerages or wealth advisers.

90. Last Word: Laurelwood Changes, Greensward Aftermath and Broadband Problems -

East Memphis Proper is about to look a lot different. Nordstrom Rack is opening a Memphis store and it will be built where the Sears store stands now in the Laurelwood shopping center.
Sears closes in mid-April and the 1958 structure will be demolished for a new retail center to be called Poplar Commons.
Nordstrom Rack is 33,000 square feet of a 135,000 square foot shopping center.
Out parcels tend to be the changing face of commercial development on Poplar Avenue.
There are some notable exceptions like the nearby Oak Court Mall which was a significant change of scenery from what was once the Siena College campus.
Further west on Poplar, the Poplar Plaza shopping center – the city’s first suburban shopping center – is still recognizable in its original form if you know what used to be there.

91. Departing Methodist CEO Looks Back, Forward -

It was the sense of mission and the opportunity to make a difference in peoples’ lives that Gary Shorb says ultimately compelled him to pursue a career in health care.

As he prepares to step down at year’s end as CEO of Methodist Le Bonheur Healthcare - a job he’s held for the past 15 years, in addition to other leadership roles at Methodist and a prior stint as president at what’s now known as Regional One Health - Shorb still loves the profession. Not only that, he’s as optimistic as ever about the pace of change; Methodist’s significant capital projects under way; the impact that providers and health care professionals can have; and more.

92. New Owner to Revive South Main Eyesore -

The long-maligned building at 107 S. Main St. has a new owner who has signed on to long-term redevelopment and short term-beautification. Prau Investments LLC purchased the 34,200-square-foot building on Dec. 11 for $720,000.

93. Council Rejects Hotel at Jackson and Front -

Memphis City Council members rejected a hotel with retail Tuesday, March 1, on the northeast corner of Jackson Avenue and Front Street, across from The Pyramid in the Pinch District, that was first proposed last year.

94. ZeroTo510 Nearing Application Deadline -

Applications for the fifth cohort of ZeroTo510, Memphis’ medical device startup accelerator, are being accepted for two more weeks.

The deadline is March 15. According to the program, now in its fifth year, ZeroTo510, has accelerated the creation of 20 new companies, $9.2 million in investments, and more than 40 jobs. In addition, 60 percent of graduates have received post-accelerator follow-on funding, at an average of $675,000 per company.

95. Memphis Chamber to Host ‘State of Small Business’ -

The Greater Memphis Chamber and its Small Business Council are hosting a State of Small Business event next week at the Crescent Club.

The goal of the March 1 event, from 7 a.m. to 9:30 a.m., will be to share expert advice on the resources small-business owners can access to succeed, and also to hear from seasoned small-business owners about their experiences.

96. Hardy: Human Collateral, Strong Networks Can Propel Women to Success -

The ‘good old boys’ club is the fabric of the business community.

Carolyn Hardy knew she couldn’t fight it, so she made it a point to play the same game by using relationships as investments that led to opportunities in a world where most doors are closed to women.

97. Work Begins On Brewery Development -

502 Tennessee St.
Memphis, TN 38103

Permit Amount: $4.5 million

Application Date: Feb. 18, 2016

Tenant: Brewery Master Tenant LLC

Architect: LRK Architects

Contractor: Montgomery Martin Contractors

98. Memphis Chamber to Host ‘State of Small Business’ -

The Greater Memphis Chamber and its Small Business Council are hosting a State of Small Business event next week at the Crescent Club.

The goal of the March 1 event, from 7 a.m. to 9:30 a.m., will be to share expert advice on the resources small-business owners can access to succeed, and also to hear from seasoned small-business owners about their experiences.

99. New Year, New Financial You -

With the new year now well underway, you might have spent January tackling fitness or organizational goals, but many experts believe the most powerful resolution that you can adopt is to focus on your financial well-being.
With most of 2016 ahead of us, and tax season right around the corner, there’s no better time to take a look at your finances and make a plan to increase your financial stability for this year and beyond. 

100. Israeli Firm Purchases Industrial Park for $13M -

Faropoint Investments, an Israel-based real estate firm, has purchased the Outland Business Center for $13 million, now its largest holding in the area.

On Feb. 11, Faropoint closed on the Southeast Memphis park, which includes five industrial buildings totaling more than 400,000 square feet at Outland Center Drive and Burbank Road.