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Editorial Results (free)

1. Memphis Towers Apartments Sell for $13.5 Million -

An apartment high-rise in the Memphis Medical District has sold for $13.5 million.

Memphis 2192 TN LLC, a company of Millennia Housing Development, purchased the eight-story, 306-unit Memphis Towers apartments from Memphis II LP in an Aug. 19 warranty deed.

2. 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.

3. Carter Says Disparities Keeping Underprivileged From Better Lives -

Last week, former President Jimmy Carter and nearly 1,500 volunteers flocked to Uptown to build 19 homes that will help improve the lives of underprivileged Memphians. In between swinging hammers, Carter and former First Lady Rosalynn Carter took time to visit the blues bars of Beale Street. Carter said Beale Street bears commonalities with the National Civil Rights Museum in that both cultural touchstones have reclaimed the city’s history and bring local heritage into a greater context.

4. Last Word: Bearwater Progress, Defining Certainty and A Special Session After All -

The older couple have been spotted around town a lot taking in the nightlife.

Former President and First Lady Jimmy and Rosalynn Carter have been to The Lookout at the top of the Pyramid this week to take in a sunset on the river. They also found their way to Beale Street one night this week.

5. Artspace Begins $17M Affordable Housing Project -

138 & 120 St. Paul Ave.

Memphis, TN 38103

Permit Amount: $10.5 million

Project Cost: $17 million

6. Memphians Invited to Tour Victorian Village Homes This Weekend -

Scott Blake lives in the kind of Memphis neighborhood where he can go three, sometimes four days without ever starting his car. Everything he needs, everywhere he has to go, is that close by.

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

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

8. Coliseum, Residency Rules Top City Council Day -

Memphis City Council members talk about possible lease terms for the Mid-South Coliseum Tuesday, Aug. 23, during their executive session.

The item – “discussion of Coliseum lease terms” – was added to the committee session agenda on Monday. It comes two weeks after the owners of Wiseacre Brewing Co. outlined to council members a general concept of moving the brewery into the Coliseum and greatly expanding their operations.

9. August 12-18, 2016: This week in Memphis history -

2011: On the front page of The Daily News, city leaders vow that construction work is about to begin on The Pyramid’s long-delayed conversion from an arena to a Bass Pro Shops store with added attractions. The first stirrings of action on the dormant project include a $75 million city buyout of county government’s interest in the Memphis Cook Convention Center as part of the deal for the city to get exclusive ownership of The Pyramid.

10. SEC Investigation of Global Ministries Adds More Complexity -

The Securities and Exchange Commission is investigating Global Ministries Foundation, according to the court-appointed receiver for the Tulane and Warren Apartment, two complexes owned by GMF.

Word of the SEC probe follows search warrants served at Global Ministries Cordova offices Aug. 3 in a separate investigation by the Inspector General’s office of the federal Department of Housing and Urban Development.

11. SEC Investigation of Global Ministries Foundation Surfaces -

The Securities and Exchange Commission is investigating Global Ministries Foundation, according to the court-appointed receiver for the Tulane and Warren Apartment, two complexes owned by GMF.

Word of the SEC probe follows search warrants served at Global Ministries Cordova offices Aug. 3 in a separate investigation by the Inspector General’s office of the federal Department of Housing and Urban Development. Search warrants in that investigation were also served that same day at the Dexter, Missouri offices of the Gill Group, which appraised GMF property in Memphis and Florida.

12. Wiseacre Proposes Coliseum for Brewery -

The owner of Wiseacre Brewery wants to put a 65,000-square-foot brewery – a $12 million investment – in the Mid-South Coliseum.

Frank Smith publicly pitched the idea to Memphis City Council members Tuesday, Aug. 9, during the council executive session.

13. FTN Financial Chief Economist: ‘Overdue for Recession’ -

When the Friday, Aug. 5, report on nonfarm payrolls indicated jobs jumped by 255,000 in July – 75,000 more than expected – FTN Financial chief economist Chris Low cautioned that the glass is half empty.

14. Council Takes Final Vote On Residency Referendum -

Memphis City Council members take a final vote Tuesday, Aug. 9, on an addition to the Nov. 8 ballot that would ask city voters to approve new residency requirements for future city employees.

The referendum ordinance is a proposal to require all city employees hired after a certain date to live in the city of Memphis. The current requirement is that city employees must live within Shelby County.

15. EdR Reports $17.6M Net Income for Q2 -

Memphis-based EdR saw a dramatic increase in its second-quarter net income, reaching $17.6 million, or 26 cents per share, in the quarter ended June 30. That compares with net income of $2.9 million, or 6 cents per share, a year ago, the company said when it reported earnings Monday, Aug. 1.

16. Game-Changer -

So as it turns out, the FedEx St. Jude Classic in June was a missed opportunity. No one in the gallery shouted, “University of Memphis – Big 12!” The tournament’s “Hush Y’all” signs were obeyed and to no good end.

17. HUD Serves GMF With Search Warrants -

Agents with the Inspector General’s office of the federal Department of Housing and Urban Development served search warrants Wednesday, Aug. 3, at the Memphis offices of Global Ministries Foundation and showed up at GMF-owned apartment complexes in Indianapolis, Ind., and the offices of the Gill Group, a real estate company in Dexter, Mo.

18. First Tennessee Consolidating Real Estate -

First Tennessee Bank is renovating and restructuring three of its Memphis properties in a project totaling upwards of $62 million.

19. EdR Reports $17.6M Net Income for Q2 -

Memphis-based EdR saw a dramatic increase in its second-quarter net income, reaching $17.6 million, or 26 cents per share, in the quarter ended June 30. That compares with net income of $2.9 million, or 6 cents per share, a year ago, the company said when it reported earnings Monday, Aug. 1.

20. After Receiving Prestigious Award, Juice Plus+ Founder Jay Martin Speaks on Volunteerism -

Recently, Juice Plus+ founder and president Jay Martin received the 2016 Ballington and Maud Booth Award from Volunteers of America, one of the nation’s largest and oldest human service charities.

21. Pinnacle Keeps Ramping Up in Memphis -

Pinnacle Financial Partners has been steadily ramping up its presence in Memphis since entering the market last year via its acquisition of Memphis-based Magna Bank.

22. 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.

23. Last Word: Return of the Balloon Note, SCS and Migrant Teens & Greensward Doubts -

One of the prime culprits in the housing bubble burst that played a role in the worst economic downturn since the Great Depression is back – the adjustable rate mortgage.

Numbers from Chandler Reports, the real estate information company that is part of The Daily News Publishing Co. Inc, show the number of such loans has spiked in the first half of this year and are the highest they’ve been since 2008, the year after the bubble burst nationally.

24. 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

25. Strickland Reviews 6 Finalists for Police Director Position -

Interim Memphis Police Director Michael Rallings is one of six finalists Mayor Jim Strickland is considering for appointment to the job on a permanent basis.

26. PILOT Moves Target Green Projects, Distressed Areas -

The Downtown Memphis Commission has approved changes to its payment-in-lieu-of-taxes program. The new policy builds in sustainability and green-energy benchmarks that were previously not required of developers seeking a freeze on their property taxes.

27. St. Jude Files $3.8 Million Permit for Warehouse Work -

St. Jude Children’s Research Hospital has filed a $3.8 million building permit to renovate an existing warehouse near its campus on Danny Thomas Boulevard. St. Jude is listed as the owner and tenant for the permit at 689 N. Parkway Blvd.

28. Last Word: Conley Makes It Official, No "Figure Heads" and Early Voting Opens -

Mike Conley signed on the dotted line about an hour before the press conference confirming that he and the Grizz front office have closed on the deal that makes him the highest paid player in NBA history… for now.

29. St. Jude Files $3.8 Million Building Permit -

St. Jude Children’s Research Hospital has filed a $3.8 million building permit to renovate an existing warehouse near its campus on Danny Thomas Boulevard. St. Jude is listed as the owner and tenant for the permit at 689 N. Parkway Blvd.

30. UHI Home a Model for Design -

A Raleigh house built nearly 50 years ago will rise as a national model for design techniques that render homes accessible for those experiencing limited mobility as a result of aging.

As part of a national design competition, organizers Home Matters and AARP chose New York-based architecture firm IBI Group - Gruzen Samton for its winning design, titled “Inter-Active Living,” to turn a three-bedroom, two-bathroom home in Memphis into a place where those experiencing limited mobility can live without worrying about getting a wheelchair through doorways, manipulating doorknobs or reaching shelves.

31. June Home Sales Slip, Prices Still Rising -

Shelby County home sales are moving slower through the mid-point of 2016 with prices higher than last year.

The number of home sales recorded for June came in at 1,688, down 5 percent compared to 1,784 sales recorded in June 2015, according to data from real estate information company Chandler Reports, chandlerreports.com.

32. New Incentives Target Green Projects, Distressed Areas -

The Downtown Memphis Commission has approved changes to its payment-in-lieu-of-taxes program. The new policy builds in sustainability and green-energy benchmarks that were previously not required of developers seeking a freeze on their property taxes.

33. Memphis Marketing Group Names New Board Members -

The Memphis Chapter of the American Marketing Association has announced the chapter’s 2016-2017 board of directors, which includes four new members. All terms took effect July 1.

Mary Stratton, director of marketing at Power & Tel, will lead the chapter as president, and Wendy-Sumner Winter, senior director of communications and marketing at Christian Brothers University, will serve as president-elect.

34. Council Likely to Vote On Pinch Plan in 90 Days -

A plan for the redevelopment of the Pinch area is essentially complete and Mayor Jim Strickland’s administration is rounding up grant funds and other financing for elements of the plan, according to Memphis City Council member Berlin Boyd.

35. Bartlett Nursery Landscaping Grows Family Tree at 22-Acre Site -

Family owned Bartlett Nursery Landscaping is enjoying its 20th year at its location on U.S. Highway 70/Summer Avenue, with more residential and commercial customers than ever looking to go green.

Much like the products it sells, the nursery has grown organically over the past two decades, expanding from a small landscaping company in West Memphis into its current lush 22-acre retail location in Bartlett.

36. Council Likely to Vote On Pinch Plan in 90 Days -

A plan for the redevelopment of the Pinch area is essentially complete and Mayor Jim Strickland’s administration is rounding up grant funds and other financing for elements of the plan, according to Memphis City Council member Berlin Boyd.

37. Jefferson Square Apts. See $1.5M in Repairs -

The Jefferson Square apartments at 741 Adams Ave. will see a renovation. A and B Construction Co. Inc. recently filed a building permit application with the Memphis-Shelby County Office of Construction Code Enforcement for $1.5 million in exterior repairs. The Memphis Housing Authority is listed as owner and tenant on the permit application.

38. Jefferson Square Apts. See $1.5M in Repairs -

The Jefferson Square apartments at 741 Adams Ave. will see a renovation. A and B Construction Co. Inc. recently filed a building permit application with the Memphis-Shelby County Office of Construction Code Enforcement for $1.5 million in exterior repairs. The Memphis Housing Authority is listed as owner and tenant on the permit application.

39. South End Gets a $15 Million Apartment Complex -

250 E. G.E. Patterson Ave.
Memphis, TN 38126

Permit Amount: $14.6 million

Owner: Elmington Capital Group

40. Dean: Cities Need Transit Solutions for Growth -

During a busy day in Memphis last week, former Nashville Mayor Karl Dean stopped at City Hall to talk with Memphis Mayor Jim Strickland about a long-range city plan Strickland announced the following day.

41. Frayser Targeted as Pilot Area for Citywide Fight Against Blight -

Last week, a wrecking team demolished a single-family home in the Washington Heights neighborhood in South Memphis. The effort, organized by United Housing Inc. and backed by the U.S. Department of Treasury, was the first of its kind to take place.

42. Memphis Housing Market Ranked Among Healthiest -

For the third consecutive quarter, Memphis has made the top ten in a national list of the healthiest housing markets.

In the second-quarter 2016 Health of Housing Markets report published by Nationwide, the Memphis metropolitan statistical area came in at No. 4 in a ranking of 400 housing markets, and is projected to be one of the most sustainable markets over the next year.

43. First State-Backed Blight Demolition Completed -

The first demolition sponsored by the state’s Blight Elimination Program took place June 22.

Memphis-based United Housing Inc. sent a wrecking crew to 1370 Mississippi Blvd. to demolish an abandoned home and make way for a green space.

44. Pinch District to Move in a New Direction: Up -

The Pinch District is getting a sky-high development treatment. For decades, the north Downtown neighborhood has been known as a sea of parking lots punctuated by a handful of small businesses.

With St. Jude Children's Research Hospital announcing $1 billion in new construction, the Pinch's largest tenant is opening up its campus with new buildings, some as tall as 12 stories, in the greater Pinch neighborhood. A neighborhood-level presence is a sea change for the institution, which has grown to 2.5 million square feet behind a gated campus.

45. Born in the Projects, Norman Fights for Social Justice -

Keith Norman makes a habit of rising before the sun – and no wonder. As vice president of government affairs at Baptist Memorial Health Care and president of the Memphis branch of the NAACP, he’s got a lot on his plate. But if you want to see him in his element, stop by First Baptist Church on Broad, Sunday morning at 7:45 a.m.

46. Last Word: Lights, Camera, Demolition, Our Cautious Prosperity and City Hall Redux -

In south Memphis Wednesday, an old house on Mississippi Boulevard was demolished as part of a press conference to tout anti-blight measures in a city that has a lot of blight.

At times it seems like we have a different blight program for just about every blighted property.

47. First Fed-Backed Blight Demolition Takes Place in South Memphis -

The first demolition sponsored by the state’s Blight Elimination Program took place Wednesday, June 22. Memphis-based United Housing Inc. sent a wrecking crew to 1370 Mississippi Blvd. to demolish an abandoned home and make way for a green space.

48. Memphis Housing Market Ranked Among Healthiest -

For the third consecutive quarter, Memphis has made the top 10 in a national list of the healthiest housing markets.

In the second-quarter 2016 Health of Housing Markets report published by Nationwide, the Memphis metropolitan statistical area came in at No. 4 in a ranking of 400 housing markets, and is projected to be one of the most sustainable markets over the next year. The Q2 report weighed employment, demographics, home prices and the mortgage market using data from the first quarter.

49. Airport Didn’t Help, But Didn’t Derail ServiceMaster -

When ServiceMaster began its search for a new corporate headquarters nearly two years ago, it focused on Southern hub cities that could support a growing tech-focused company. In ranking Memphis alongside other cities, Memphis International Airport came up short.

50. Last Word: Budget No Go, Largest Home Sale of 2016 and Crosstown Moves -

The Shelby County Commission probably has enough votes to approve the funding in the county budget the Shelby County Schools system wants, which includes $24.7 million on new funding.

Yet after about four hours of discussion, the commission didn’t take votes on any budget resolutions or the county property tax rate resolution Monday.

51. UrbanArt Plans Move to Crosstown Neighborhood -

The planned relocation next year of the UrbanArt Commission from Poplar and Highland to a storefront across from Crosstown Concourse is one of the bigger items on a lengthy and growing to-do list for the arts-focused nonprofit.

52. Shelby County New Housing Market Improves in May -

New home sales in Memphis and Shelby County were up 53 percent in May, with 69 recorded for the month compared with 45 recorded in May 2015. It marks the first increase in new housing activity since January.

53. The Week Ahead: June 20-26 -

Let’s get this week started, Memphis! Here’s our roundup of local happenings you need to know about, from a new headstone for one of the Beale Street Sheiks to an event to celebrate (and buy from) Memphis' maker community. 

54. Ledford Engineering and Planning Grows at Steady Pace -

Almost 20 years ago, Kevin Ledford opened his own engineering firm in Arlington. He was taking flying lessons at the time and so he liked the idea of being near the town’s airport.

55. Young Brings Data Focus to City Planning -

Want to gaze into the future? Hop into Paul Young’s Infiniti and ride around Downtown for an hour. “These three blocks will be something of a spine for the neighborhood,” he says, as a light rain falls on the windshield. “We envision five- or six-story buildings with restaurants and retail at street level, commercial and residential up top.”

56. Dignity, Honor, Respect: A Fundraising Success Story -

Do not underestimate the vision, power and tenacity of grassroots community organizations. We have seen firsthand how a well-defined vision can transform a community and the lives of its residents.

57. Last Word: Verdell Smith and Lifeline, Strickland's First 5 Months and Tennessine -

Lots of blue lights in Cordova Thursday evening as the Memphis Police Department remembers Officer Verdell Smith, who died in Saturday’s Downtown rampage in the line of duty. His funeral is Friday.

58. May Home Sales Rise, Low Inventory Hiking Prices -

After a strong April, home sales in Shelby County continued to perform well in May.

Total home sales increased 29 percent, from 1,266 recorded in May 2015 to 1,630 sales in May this year. Total home sales volume soared to $251 million, which is up 27 percent from last year, according to data from real estate information company Chandler Reports, chandlerreports.com.

59. Last Word: A Different Aftermath and Trolleys Aren't Just for Tourists -

A week that will likely end with the funeral of a Memphis Police officer began with a discussion about violent crime that is even at this early point proving to be different from the past discussions we’ve had at times like these.

60. 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.

61. City Council Could End Budget Season Tuesday -

The Memphis City Council should end its budget season Tuesday, June 3, with final votes on three resolutions and two ordinances that approve the city’s operating and capital budgets, and keep the city property tax rate at its current $3.40 – all for the fiscal year that begins July 1.

62. Weekend Crime Rampage Frames Criminal Justice Debate -

Now what? The two-word question was one of many reactions as the week began to a Downtown crime spree Saturday night in which a Memphis Police officer died and three people were shot and wounded – two in critical condition Sunday at Regional One Health center.

63. New Parks Director is Second Of Three Major Hires for Strickland Administration -

Memphis Mayor Jim Strickland has appointed a former director of cultural affairs for the city of Dallas and at Miami-Dade College in Florida to be the city’s new director of Parks and Neighborhoods.

64. Local Families Provide Loving, Temporary Homes for Children in Crisis -

“There’s no way I can do that. I’m not that kind of hero.” David Jordan often hears that response when he talks to people about the possibility of becoming a foster parent.

65. Downtown Memphis Commission Taking Safety Actions -

At its May 26 board meeting, discussions at the Downtown Memphis Commission dove into the death of a teenager who was shot at the corner of Second Street and Peabody Place.

“I feel this personally,” said Terence Patterson, president of the Downtown Memphis Commission. “We’re really focusing on it and making sure we’re doing everything we can, but we have to have collaboration with MPD (Memphis Police Department). But we know that we’ve got to do more.”

66. 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.

67. THDA to Resume Apartment Inspections -

The Tennessee Housing Development Agency plans to inspect at least a dozen apartment complexes in Memphis where federal subsidies pay tenants’ rent.

THDA executive director Ralph Perrey said the agency’s authority to make the inspections resumes in July. And the agency isn’t saying which properties will be visited “so as not to ruin the surprise,” Perrey said Wednesday, May 25, as he announced the resumption of the inspections.

68. Last Word: Grizzdale?, Rio Bound and The Ways of the City Council -

The Grizzlies just about have their new coach. He is David Fizdale who comes to Memphis from being an associate coach for the Miami Heat.

69. U of M Receives Grant From Urban Child Institute -

The Urban Child Institute has awarded the University of Memphis a $2 million grant to support the ACE (Adverse Childhood Experiences) Prevention Project.

Through the project, the U of M will build on relationships with the University of Tennessee Health Science Center and Le Bonheur Children’s Hospital to create a culture of health for vulnerable children in Memphis. The university and its partners will tackle issues such as child neglect and abuse, housing, asthma and breastfeeding.

70. THDA Resumes Inspections of HUD-Subsidized Apartments -

The Tennessee Housing Development Agency plans to inspect at least a dozen apartment complexes in Memphis where federal subsidies pay tenants’ rent.

THDA executive director Ralph Perrey said the agency’s authority to make the inspections resumes in July. And the agency isn’t saying which properties will be visited “so as not to ruin the surprise,” Perrey said Wednesday, May 25, as he announced the resumption of the inspections.

71. U of M Receives Urban Childhood Institute Grant -

The Urban Child Institute has awarded the University of Memphis a $2 million grant to support the ACE (Adverse Childhood Experiences) Prevention Project.

Through the project, the U of M will build on relationships with the University of Tennessee Health Science Center and Le Bonheur Children’s Hospital to create a culture of health for vulnerable children in Memphis. The university and its partners will tackle issues such as child neglect and abuse, housing, asthma and breastfeeding.

72. Last Word: Graduation Day and Our Outrage, An ASD Offer In Raleigh and Fashion -

According to Shelby County Schools superintendent Dorsey Hopson, 15,000 people have watched the several dozen high school graduation ceremonies the school system has streamed live on its website including the 14 graduations held Saturday.

73. City Opens Up Mid-South Coliseum to Reviews -

For a week in June, the city will allow citizen groups with qualified experts including architects and engineers to have access to the Mid-South Coliseum for four hours at a time twice a day.

The “Mid-South Coliseum Review Period” has a May 27 deadline for groups to request access under the city’s terms.

74. Last Word: The Hot Seat, The Cohen-Rubio Letter and a New Historical Marker -

The hottest seat in a room of hot seats in city government can be being director of the Memphis Animal Shelter.

You wouldn’t think that from the job description, which seems pretty basic. Round up stray animals and put them up for adoption. But that’s being overly simplistic because it begs a lot of questions about how many animals and what happens if you run out of space.

75. Global Ministries Continues to Take More Heat -

The receiver for the Warren and Tulane Apartments is in place with the notice filed in Memphis federal court last week that Foresite Realty Management LLC had accepted the job and that its bonding is in place.

76. City Opens Coliseum To Experts In June -

For a week in June, the city will allow citizen groups with qualified experts including architects and engineers to have access to the Mid-South Coliseum for four hours at a time twice a day.

The “Mid-South Coliseum Review Period” was announced by the city Friday, May 20, with a May 27 deadline for groups to request access under the city’s terms.

77. Global Ministries’ Bonds Downgraded for 2nd Time -

For the second time this year, S&P Global Ratings has downgraded bonds used to support Global Ministries Foundation’s apartment projects.

On May 3, S&P Global Ratings, formerly known as Standard & Poor’s Ratings Services, lowered its investment rating on 23 multifamily bonds issued on behalf of GMF. S&P removed all 23 ratings from CreditWatch, where the bonds had been placed in February, with negative implications.

78. 2 Memphis Nonprofits Get $100K From First Tennessee -

A pair of Memphis nonprofits has received $100,000 each in community grant funds from First Tennessee Bank.

79. Global Ministries’ Bonds Downgraded for 2nd Time -

For the second time this year, S&P Global Ratings has downgraded bonds used to support Global Ministries Foundation’s apartment projects.

On May 3, S&P Global Ratings, formerly known as Standard & Poor’s Ratings Services, lowered its investment rating on 23 multifamily bonds issued on behalf of GMF. S&P removed all 23 ratings from CreditWatch, where the bonds had been placed in February, with negative implications.

80. 2 Memphis Nonprofits Get $100K From First Tennessee -

A pair of Memphis nonprofits has received $100,000 each in community grant funds from First Tennessee Bank.

81. Court Appoints Receiver for Warren, Tulane Apartments -

The Tulane and Warren apartments are under the control of a court-appointed receiver.

U.S. District Judge Jon P. McCalla appointed Foresite Realty Management LLC of Rosemont, Ill., as the receiver of the two properties Tuesday, May 17, by a consent order.

82. Receiver Appointed for Warren and Tulane Apartments -

The Tulane and Warren Apartments are under the control of a court-appointed receiver.

U.S. District Judge Jon P. McCalla appointed Foresite Realty Management LLC of Rosemont, Illinois as the receiver of the two properties Tuesday, May 17, by a consent order.

83. Events -

Start Co. will offer small-business mentoring sessions Tuesday, May 17, from 2 p.m. to 6 p.m. at the Benjamin L. Hooks Central Library, 3030 Poplar Ave. This free program offers one-on-one counseling about starting or managing a small business. Visit memphislibrary.org for details.

84. Events -

Memphis College of Art will present “Best in Class 2015/2016,” an exhibition of the most creative undergraduate artwork from the academic year, on Monday, May 16, through July 8 in the Rust Hall main gallery, 1930 Poplar Ave. The exhibit features work from 45 artists across a range of disciplines. Visit mca.edu.

85. Planned Parenthood Launches Speaker Series -

Planned Parenthood of Greater Memphis Region will kick off a new series of events next week. Each event in the Beers with Pioneers series will feature an icon of the reproductive justice and women rights movement in conversation with one of her current contemporaries.

86. Memphis Remains a Hot Market for Investors -

Local rental housing continues to be a popular buy for real estate investors. In the first quarter of 2016, 1,017 rental homes were purchased in Memphis and Shelby County, accounting for 30 percent of all home sales, according to data from Chandler Reports, a division of The Daily News Publishing Co.

87. Events -

Tennessee Small Business Development Center will host a workshop on government contracting Thursday, May 19, from 9 a.m. to 11 a.m. at the Renaissance Business Center, 555 Beale St. The University of Tennessee’s Procurement Technical Assistance Center will teach small-business owners how to successfully compete for government contracts. Cost is free; registration required. Visit tsbdc.org/training for details.

88. Memphis Planned Parenthood Launches Speaker Series -

Planned Parenthood of Greater Memphis Region will kick off a new series of events next week. Each event in the Beers with Pioneers series will feature an icon of the reproductive justice and women rights movement in conversation with one of her current contemporaries.

89. 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.

90. 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.

91. Shelby County Housing Market Looks Strong -

All market fundamentals were positive for Shelby County home sales in April, making it the strongest month so far in 2016.

Year-to-date home sales and total sales revenue are both up 9 percent from the same period in 2015.

92. Bank Seeks Receiver for Warren, Tulane Apartments -

The Bank of New York Mellon Trust Co. wants a federal judge to appoint a receiver for the Warren and Tulane Apartments owned by Global Ministries Foundation, citing “an appearance of fraud” by GMF in a memorandum filed with the call for a receiver.

93. Last Word: Humdingers, Gangster Disciples Paper Work and Underground Day -

Sometimes you think you know what is going on and then something happens like Chris Wallace, the general manager of the Memphis Grizzlies, grabbing a bite to eat Monday at Humdingers out east with former Grizz coach Lionel Hollins. Next thing you know there’s another possibility for the next Grizz coach – a return engagement that would be exceedingly rare.

94. Bank of New York Seeks Receiver for Warren and Tulane Apartments -

The Bank of New York Mellon Trust Co. wants a federal judge to appoint a receiver for the Warren and Tulane Apartments owned by Global Ministries Foundation citing “an appearance of fraud” by GMF in a memorandum filed with the call for a receiver.

95. Student Housing Tower Near U of M Moves Forward -

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.

Montgomery Martin Contractors recently applied for a $15.5 million building permit for 3557 Mynders Ave. at the southwest corner of Brister Street.

96. Impact of Low Housing Inventory Spreads to Home-Staging Business -

The low inventory of single-family homes means prices are higher and homes are selling quicker, but also that fewer people are dressing up their homes to make them more attractive to potential buyers in the market.

97. 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.

98. Demolition Begins On Raleigh Springs Mall Property -

With the business end of a Volvo crawler excavator, Memphis City Council member Bill Morrison kicked off the start of demolition Saturday, May 7, at the Raleigh Springs Mall.

99. EdR Reports Net Income Of $16.7M in First Quarter -

Memphis-based EdR earned $16.7 million in net income, or 26 cents per diluted share, in the first quarter, the company announced Monday, May 2.

That compares with net income of $6.9 million, or 14 cents per diluted share, during first quarter 2015.

100. Raleigh Mall Demolition Begins Saturday -

The city begins demolition of the Sears Auto Center Saturday, May 7, at the Raleigh Springs Mall even though the city is still in court with the owners of the main mall building itself in eminent domain proceedings.