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Editorial Results (free)

1. Last Word: The Airport and Hotels, Loans and Musicians and Underground in Town -

That didn’t take long. Fired one day, hired the next for Dave Joerger now formerly of the Grizz.

2. Last Word: Behind Grit N Grind, Brooks at 100 and Massacre -

This is a 12-month-a-year basketball town. There’s the season, possibly a post season, which by NBA standards is a second season. (Yep, they are still playing.) And then there is the rest of the year when whatever has been about to boil over behind the façade of sports clichés finally begins to spill out into the open.

3. Hiring Slowdown in April May Signal Caution About US Economy -

WASHINGTON (AP) – American employers signaled their caution about a sluggish economy by slowing their pace of hiring in April after months of robust job growth.

At the same time, companies raised pay, and their employees worked more hours – a combination that lifted income and, if sustained, could quicken the U.S. expansion.

4. Startup Teams Announced for ‘Summer Of Acceleration’ -

Monday, May 2, marked Day One of Memphis’ first “summer of acceleration,” a joint program of seven startup accelerators running concurrently that have collectively drawn the participation of 18 startup teams and dozens of founders hailing from as far away as Slovenia and Israel.

5. 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.

6. 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.

7. Beale Authority Encounters Familiar Headwinds -

Somewhere near the beginning of the Thursday, March 17, meeting of the Beale Street Tourism Development Authority, Caren Nichol talked about how unique the entertainment district is because of its cultural and historical importance.

8. Beale Authority Reopens Management Firm Search, Draws Fire -

The Beale Street Tourism Development Authority has decided to reopen the process for finding a manager for the entertainment district, putting off the selection of a firm possibly until September.

In seeking new proposals by the end of June, the authority voted to keep the proposals from four companies the group has been reviewing for several months and allow those companies to amend their proposals if they wish.

9. Engineer Jonnye McElyea Joins Allen & Hoshall -

Jonnye McElyea has joined Allen & Hoshall as a structural engineer. McElyea, who designs structures such as buildings, bridges and retaining walls, is among the 19 percent of engineers who are women. Her previous experience includes time at Parsons Corporation and AFRAM Corp.

10. Cates Wants Detail on Downtown Agreements -

From Mud Island River Park across the Memphis harbor to The Pyramid and further east to St. Jude Children’s Research Hospital – there are a lot of connections as the areas head toward a new incarnation.

11. Last Word: Tri-State's Deal With First Tennessee, Matt Barnes' Fine and The Grind -

It sounds strange to refer to this as a holiday weekend – the anniversary of the birth of Dr. Martin Luther King Jr.
Holidays suggest something different than the rededication to purpose so many of us stress as our definition of this day honoring the memory of a leader whose life made it difficult to imagine what our society would be like without his presence.
That we feel compelled to express the meaning of the day through actions and a recommitment to principles buffeted by reality reflects a hope that we wish to retain as first-hand memories of King’s life fade and his legacy endures.

12. Autonomy Comes With Risk for State’s Universities -

Tennessee officials are lauding Gov. Bill Haslam’s plan to restructure higher education in an effort to meet his goals for the Drive to 55.

The FOCUS Act proposed recently by the Republican governor to make sure 55 percent of Tennesseans hold a degree or postsecondary certificate by 2025 promises to launch a new era for the state’s colleges and universities.

13. Extended Slump in Oil Taking Toll on Industry, Economy -

NEW YORK (AP) — As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is responding to much lower profits with sharp cuts in spending and employment that are hurting economic growth.

14. Departing Thoughts from Asia -

This entry will be my last submission penned while living in Asia, so rather than discuss the market’s recent wiggles, I thought I would share some top of mind takeaways as I prepare to depart Hong Kong.

15. Houston Levee Apartments In Cordova Fetch $17.5M -

9940 Paddle Wheel Drive
Cordova, TN 38016

Sale Amount: $17.5 million

Sale Date: July 9, 2015

16. Phillip Rogers Joins Wunderlich Wealth Management -

Phillip Rogers recently joined the Wunderlich Wealth Management office in Memphis as a managing director and financial adviser. Rogers’ financial services practice is focused on the needs of high net worth individuals, as well as endowments and foundations. He applies his background in and knowledge of the fixed income capital markets to extend an institutional level of expertise to individual investors.

17. Graceland Hotel Developers File $84 Million Construction Loan -

3600 Elvis Presley Blvd.
Memphis, TN 38116
Loan Amount: $84 million

18. Snapshot: Memphis-Based Public Companies -

Here's a look at what's going on at the dozen public companies headquartered in Memphis:

AutoZone Inc.

AutoZone Inc. is one of the largest auto parts retailers and distributors in the U.S., with a store count of 5,476 as of Feb. 14. Since 1998, the company has repurchased $15.7 billion worth of its own shares. At the end of March, AutoZone continued its share buyback program with the authorization to buy back another $750 million in company stock. The company followed that news with plans to pursue a $650 million debt offering to be used for “general corporate purposes.” – Andy Meek

19. Paragon Bank Reports Highlights, Decisive Turn at Annual Shareholders Meeting -

2014 proved a milestone year for Paragon Bank: The now 10-year-old institution saw a few decisive changes, the bank’s leadership reported at its annual shareholders meeting in recent days.

20. Investors Pumping Hundreds of Millions Into Tennessee Startups -

The assignment sounded simple enough: Find out whether more money is coming into Nashville for startups.

If so, where is it coming from and what does it means to entrepreneurs, investors and the rest of us?

21. Economic Microscope -

Back in 2012, Century Wealth Management president and founder Jay Healy was telling the firm’s clients that the U.S. stock market was behaving like a coiled spring.

22. Scarboro Takes Reins at Regional Fed -

Douglas Scarboro has been named regional executive of the Memphis Branch of the Federal Reserve Bank of St. Louis. In that role, Scarboro is responsible for working with business leaders and local communities in western Tennessee, northern Mississippi and eastern Arkansas to inform the setting of monetary policies.

23. Rhodes Results -

Capital campaigns are usually about buildings. And the just-completed capital campaign at Rhodes College includes a new science building that will break ground in the summer and complete the quadrangle of the private liberal arts college’s scenic campus.

24. Events -

Mid-South Area Business Travel Association will meet Thursday, Feb. 5, from 8 a.m. to 10 a.m. at Courtyard Memphis-Collierville, 4640 Merchants Park Circle. Phil Hammer, director of travel services for Runzheimer International, will present “Key Trends in Business Travel Costs.” Tickets are $25 for members and $40 for nonmembers. Visit msabta.org.

25. Events -

Memphis Library Foundation will hold a groundbreaking ceremony for the teen learning lab Wednesday, Feb. 4, at 11 a.m. at its future site in the Benjamin L. Hooks Central Library, 3030 Poplar Ave. The name for the lab will be announced at the ceremony. Visit memphislibraryfoundation.org.

26. Council Gives Third Look at Beale Street Authority -

For a third consecutive session, Memphis City Council members are scheduled to vote Tuesday, Feb. 3, on establishing a Beale Street Tourism Development Authority.

The resolution establishing the authority to oversee and further develop the entertainment district was delayed two weeks ago as some council members, led by Harold Collins and Wanda Halbert, talked about the council approving actions of the development authority.

27. The Preserve at Southwind Sells for $28 Million -

7991 Capilano Drive
Memphis, TN 38125
Sale Amount: $28 million

Sale Date: Dec. 22, 2014
Buyer: Southwind Apartments LP
Seller: G&I VII Preserve at Southwind Apartments LP
Loan Amount: $18 million
Loan Date: Dec. 18, 2014
Maturity Date: Oct. 31, 2020
Lender: Jackson National Life Insurance Co.
Details: A team that includes Memphis-based Foegelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

28. Evaporcool Partners With Kemmons Wilson Cos. -

Evaporcool Solutions, a Memphis-based manufacturer of commercial aftermarket HVAC efficiency systems, has announced a new partnership with Kemmons Wilson Cos.

Evaporcool’s product makes air-conditioning and refrigeration systems more energy-efficient and helps reduce the clients’ carbon footprint, saving the client money and lowering maintenance costs. Evaporcool’s management determined that the company was at the right stage for a strategic partner, and after a national search, Evaporcool decided to work locally with Kemmons Wilson Cos.

29. Evaporcool Partners with Kemmons Wilson Cos. -

Evaporcool Solutions, a Memphis-based manufacturer of commercial aftermarket HVAC efficiency systems, has announced a new partnership with Kemmons Wilson Cos.

Evaporcool’s product makes air-conditioning and refrigeration systems more energy-efficient and helps reduce the clients’ carbon footprint, saving the client money and lowering maintenance costs. Evaporcool’s management determined that the company was at the right stage for a strategic partner, and after a national search, Evaporcool decided to work locally with Kemmons Wilson Cos.

30. Churchill Joins Gateway Group -

Natalie Churchill has joined Gateway Group Personnel as recruiting assistant for the temporary staffing division. In her new role, Churchill will source, qualify and interview candidates to place in positions ranging from accounting, administration (receptionists to executive administrative assistants), medical office, human resources and customer service.

31. The Horizon Sells to Mississippi Developer for $13.5 Million -

A Mississippi-based developer has acquired the uncompleted Horizon condominium tower overlooking the Mississippi River in Downtown.

Dawn Properties Inc. of Hattiesburg, which is primarily involved in the acquisition, development and management of multifamily properties, has purchased the 16-story, 155-unit tower for $13.5 million and plans on completing the luxury condominiums.

32. Germantown Collection Sells for $13 Million -

Germantown Collection, a 55,373-square-foot retail center at 7820 Poplar Ave., sold for $13 million on Oct. 3 to Germantown Collection Property LLC, an entity affiliated with Wicker Park Capital Management LLC and Bayer Properties LLC.

33. Germantown Collection Sells for $13 Million -

Germantown Collection, a 55,373-square-foot retail center at 7820 Poplar Ave., sold for $13 million on Oct. 3 to Germantown Collection Property LLC, an entity affiliated with Wicker Park Capital Management LLC and Bayer Properties LLC.

34. Springing to Life -

When Ridgeland, Miss.-based development firm the Bryan Co. broke ground on The Horizon condominium tower in 2007, it was at the peak of the housing bubble and optimism from elected officials and Downtown boosters was equally high.

35. Carlisle Corp. Buys Sharky’s Property -

6201 Poplar Ave.
Memphis, TN 38119
Sale Amount: $2.9 million

Sale Date: July 29, 2014
Buyer: Wendelta Property Holdings LLC
Seller: Aaron Muschel
Details: An affiliate of Carlisle Corp. has paid $2.9 million for the recently closed Sharky’s Gulf Grill at 6201 Poplar Ave.

36. Contractors See Bright Days Ahead -

After slogging their way through the deepest economic slump in more than 60 years, Memphis area contractors say the near future looks much brighter than the dark days of the recession and its immediate aftermath.

37. We’re All Invited -

MEMPHIS, SERVED IN THE SHELL. Following up last week’s column, this from a reader:

“We have no civic pride, half the population is intent on killing as many as they can and the other part lives behind walls or gates. There was a time in the fifties when you could leave your front door unlocked and keys in the car.”

38. Change on Tap for Many Local Public Companies -

Here’s a snapshot of recent news and developments at some of the publicly traded companies based in Memphis, reflecting the influence these companies have and the shadows they cast both in Memphis and beyond, in industries that range from bioscience to banking.

39. Commercial Bank Given Industry Distinction -

Community bank risk management firm Seifried & Brew LLC has named Commercial Bank & Trust Co. in its 2013 top 15th percentile of community banks.

40. Commercial Bank & Trust Wins Industry Distinction -

Community bank risk management firm Seifried & Brew LLC has named Commercial Bank & Trust Co. in its 2013 top 15th percentile of community banks.

41. IronHorse Makes New Hire, Launches Mutual Fund -

Memphis-based investment firm IronHorse Capital Management has hired a managing director for national sales, a new hire that comes at the same time as the firm has launched its first mutual fund product.

42. Breaking Through -

If it was just an abstraction or a mere theory, it wouldn’t have a definition in the dictionary or a website. It would simply be another urban myth.

But with a few keystrokes you can go right to www.glassceiling.com. And the dictionary definition of “glass ceiling” is tangible – “an unfair system or set of attitudes that prevents some people (such as women or people of a certain race) from getting the most powerful jobs.” In fact, you can almost see a woman stuck in middle management, briefcase in hand, staring up at that glass ceiling and wondering: Where do I find the ladder that gets me from here to there?

43. Start Co. Forms New Investment Partnership -

Andre Mouton, director of investment at the Singapore-based boutique investment firm Angaros Group, traveled to Memphis last year to participate in the “Investor Day” for Seed Hatchery, the startup accelerator whose programming culminates with participating startups to make funding pitches to investors.

44. KBM Group Growing at Clark Tower -

A digital marketing agency is expanding at Clark Tower in East Memphis.

KBM Group, which is part of Wunderman/WPP, one of the world’s largest marketers, is expanding at Clark Tower less than a year after moving into the East Memphis office building, 5100 Poplar Ave.

45. First Horizon Stresses Patience to Investors -

The business of banking isn’t exactly a picnic at the moment for a company like First Horizon National Corp., which has made big strides toward lowering its risk profile but continues to see lower near-term profitability than it would like.

46. US Service Sector Grows at Slower Pace Last Month -

WASHINGTON (AP) – U.S. service sector firms grew in November at the weakest pace since June, evidence that cautious spending by consumers and businesses may be slowing growth.

The Institute for Supply Management said Wednesday its service-sector index fell to 53.9 in November, down from 55.4 in October. Any reading above 50 indicates expansion. The index hit an eight-year high of 58.6 in August.

47. Lauries’ Gift Critical to University Campaign -

The new Loewenberg School of Nursing on the University of Memphis’ Park Avenue campus is already taking shape as 2013 comes to an end.

And more changes for a campus that has remained largely the same for a long time are certain to gain momentum with this week’s announcement of a $10 million gift by Bill and Nancy Laurie to University of Memphis athletics.

48. Lauries Donate $10 Million to Tiger Athletics -

A guard on the 1973 University of Memphis basketball team that played in the NCAA finals that year and his wife have made the largest gift ever to the school’s athletic department and the second largest gift ever to the school.

49. Americans Click for Deals on Cyber Monday -

NEW YORK (AP) – Power up and shop.

Millions of Americans took advantage of online deals ranging from free shipping to hundreds of dollars off electronics and half-price clothing Monday, which was expected to be the busiest online shopping day of the year.

50. Performance Ranges Widely at Local Companies -

Here’s a snapshot of the recent performance of some of Memphis’ publicly traded companies – businesses that cast a shadow far beyond the Memphis city limits in industries including finance, package delivery and bioscience.

51. Chasing Growth -

The pressure to show investors growth and a return is one of the most basic realities of operating as a public company.

And the three Memphis-based companies on this year’s Fortune 500 list are pressing forward on their own distinct paths toward satisfying that pressure.

52. First Horizon Reports Third Quarter Loss -

The Memphis-based parent company of the largest bank based in Tennessee swung to a third quarter loss, with a $200 million addition to its mortgage repurchase reserve contributing to a loss for the quarter of $107.5 million.

53. Memphis Financial Experts ‘Not Worried’ About Shutdown -

David Waddell, president and CEO of Memphis-based Waddell & Associates, had a two-word response when asked what financial and economic impact there might be from the current dysfunction in the nation’s capital.

54. First Horizon Copes With Customers’ Evolving Needs -

First Tennessee Bank will celebrate its 150th birthday in March. Leading up to that milestone, the way the venerable institution’s customers are engaging with its products and services is in the midst of a radical transformation – something that’s been the case for the last few years but the pace of which now is accelerating, the chief executive of the bank’s parent company told analysts this week.

55. Sharp Wears Many Hats at CBRE Memphis -

CB Richard Ellis Memphis’ Mary Sharp never has a dull day as the chief operating officer and head of the company’s Asset Services division.

56. Car Company's Tunica Plans Haven't Come to Fruition -

TUNICA, Miss. (AP) – It seemed like a win for everyone involved when a startup car company, backed by political heavyweights, wooed investors with plans to build a massive auto plant in the Mississippi Delta, hire thousands of people and pump out a brand new line of fuel-efficient vehicles.

57. FBI Promotes McCall to Special Agent in Charge -

A. Todd McCall has been named special agent in charge of the FBI’s Memphis division, one of the bureau’s 56 field offices nationwide. McCall, who most recently served as chief of the digital forensics and analysis section in the Operational Technology Division, is now responsible for the management and oversight of more than 200 personnel and all investigative matters under the FBI’s jurisdiction spanning from Memphis to Cookeville, Tenn.

58. Made in Memphis -

Memphis’ geography is limited to roughly 300 square miles, but its identity stretches beyond the city limits, resonating to the far corners of the globe.

The city’s brand has obvious cornerstones, such as its place in the nation’s cultural topography. But setting aside those no-brainers, like the rock ‘n’ roll innovator whose mansion in Whitehaven still attracts gawkers from around the world, a lot of what makes Memphis’ story is the story of what’s made in Memphis.

59. Wal-Mart Faceoff With DC Fuels Minimum Wage Debate -

WASHINGTON (AP) – The bitter standoff between Wal-Mart and Washington, D.C. officials over the city's effort to impose a higher minimum wage on big-box retailers is fueling a wider debate about how far cities should go in trying to raise pay for low-wage workers – and whether larger companies should be required to pay more.

60. Christian Brothers Names Doyle Vice President of Student Life -

Tim Doyle has joined Christian Brothers University as associate vice president of student life. In the role, Doyle supervises multiple aspects of campus operations – including housing, student government, health services and Greek organizations – working to address non-academic student needs and help students develop into active, engaged alumni.

61. Commercial Advisors Adds Jensen to Capital Markets Group -

Luke Jensen has joined Cushman & Wakefield/Commercial Advisors’ Capital Markets Group. In his new role with the commercial real estate firm, Jensen focuses on investment sales, debt and equity, development, and principal deal sourcing and structuring.

62. FTN Financial Makes Several New Hires -

The capital markets division of First Tennessee Bank has made several new hires.

FTN Financial Capital Markets has brought on four new professionals as part of the continued expansion of its national municipal bond platform.

63. Inman Keeps Construction Business Running Strong -

Page Inman had no intention of joining the family construction business, but 20 years and a couple $40 million construction jobs later, he has no regrets.

Cyclical economic changes and the need for competitive diversification are par for the course in an industry that depends on the availability of capital to survive.

64. Capital Requirement -

In early April, U.S. Sen. Bob Corker, R-Tenn., joined a handful of other senators in drafting a letter in part about new rules of the road governing bank capital requirements.

That letter was sent to Federal Reserve Gov. Daniel Tarullo, Comptroller of the Currency Thomas Curry and Federal Deposit Insurance Corp. Chairman Martin Gruenberg.

65. Tennessee Lags in Hospital Care Spending -

Hospital care spending in Tennessee averaged $2,160 per person in 2009, a figure that is among the 10 lowest in the nation on a state-by-state comparison.

Tennessee ranked No. 10 in the country for the states with the lowest hospital care spending, including services for outpatient care, operating room fees and the services of physician residents, data from the Kaiser Family Foundation showed. Nationally, hospital spending averaged $2,475 per person in 2009. That’s about 14.6 higher than the average per person hospital spending in Tennessee.

66. Harold Ford Sr. Buys Sycamore View Property -

1670 Sycamore View Road Memphis, TN 38134

Sale Amount: $1.8 million

Sale Date: April 8, 2013

67. Events -

Playhouse on the Square will present “Angels in America Part One: Millennium Approaches and Part Two: Perestroika” Friday, March 15, through March 31 at Playhouse, 66 S. Cooper St. Visit playhouseonthesquare.org for times and tickets.

68. Lawrence’s Background a Fit for Work at EDGE -

It might be said that John Lawrence has a background made to order for looking at the big picture – one of real estate, urban planning, marketing and organization management. Through the course of various career moves, he’s developed the tools necessary for the use in his position as manager of strategic economic development planning for Memphis and Shelby County’s Economic Development Growth Engine (EDGE).

69. Guscette Named Sales Representative at P.O.P. Solutions -

Ally Guscette has been promoted to sales representative at Germantown-based brand-marketing firm P.O.P. Solutions Group LLC. In her new role, Guscette will help businesses develop brand awareness through promotional products, press kits, print materials and point-of-purchase displays. She joined the company in 2011 as part of a sales team and begins Germantown Leadership training this month.

70. Rheumatology Clinic Buys Germantown Office Building -

7660 Poplar Pike Germantown, TN 38138

Sale Amount: $986,850

Sale Date: Nov. 14, 2012

71. Nashville Company Buys Wolf River Medical Building for $11 Million -

8040 Wolf River Blvd.
Germantown, TN 38138
Sale Amount: $11 million

Sale Date: Oct. 9, 2012
Buyer: HRT of Tennessee Inc.
Seller: Bayrock Investment Co. LLC
Details: HRT of Tennessee Inc., an affiliate of Nashville-based Healthcare Realty Trust Inc., has paid slightly less than $11 million for the medical office building at 8040 Wolf River Blvd. in Germantown.

72. Easy Money -

When the Federal Reserve announced a few weeks ago its newest – i.e., third – round of quantitative easing intended to once again try to juice a sluggish economy, an employee of FTN Financial couldn’t resist a metaphor for the Fed’s open-ended commitment.

73. Piccadilly Files for Chapter 11 Bankruptcy -

BATON ROUGE, La. (AP) – Piccadilly Restaurants, a Baton Rouge-based cafeteria chain, has filed Chapter 11 bankruptcy.

Thomas Sandeman, the company's CEO, told The Advocate that the filing, which was made Tuesday in U.S. Bankruptcy Court in Lafayette, will protect the value of Piccadilly, along with its employees and restaurants.

74. Growth Streak -

Andrew Holliday and Daniel Brown, the founding partners of Memphis-based branding and marketing firm Harvest Creative, used to joke about one day making the Inc. 500|5000, the list published each year by Inc. Magazine that honors the fastest-growing private companies in the U.S.

75. No Time for Chicken Littles -

This is no time to get chicken … As we meet with more and more of the mid-market companies in America, we are astounded at how many of them are hiding under their desk “riding the recession out.” The old “Story of Chicken Little” comes to mind:

76. US Consumers More Confident in the Economy in July -

NEW YORK (AP) – Americans breathed a bit easier about the economy in July, as a better outlook on short-term hiring and lower gas prices offset lingering worries about poor income growth.

77. National Capital Management Expands -

National Capital Management LLC has expanded by 3,900 square feet on the third floor at Southwind Office Center A, bringing the company’s total lease to 12,253 square feet.

78. Capital One to Pay $210M Over Marketing Tactics -

WASHINGTON (AP) — The Obama administration's consumer watchdog agency flexed its enforcement muscles for the first time Wednesday and ordered Capital One Bank to repay millions of credit card customers allegedly tricked into buying costly add-on services.

79. Market Yields Best June in 13 Years -

June: Boon & Lampoon After taking body blows in May, the stock market had its best June since 1999. This time, we can credit European politicians rather than American central bankers for the strong finish. That, my friends, is a welcome change.

80. ‘Perfect Storm’ -

Office sublease space reached a record high in the first quarter, and local experts are forecasting even more leases from one lessee to another to hit the market prior to year-end.

Office subleasing totaled 600,664 square feet during the first three months of the year, according to Cushman & Wakefield/Commercial Advisors LLC’s Q1 office market report. That’s nearly 14 percent of total available space.

81. Medical Realignment -

Private practice is fast becoming a thing of the past, as physicians groups across the country scramble to align with large health care systems in a move largely driven by national health care reform.

82. B&N, Microsoft Team Up on Nook, College Businesses -

NEW YORK (AP) – Books and bits united Monday as Microsoft provided an infusion of money to help Barnes & Noble compete with top electronic bookseller Amazon. In exchange, Microsoft gets a long-desired foothold in the business of e-books and college textbooks.

83. Analyst: First Horizon Prime Buying Target -

In one analyst’s opinion, the parent company of First Tennessee Bank is one of the most attractive buying targets for large banks in the U.S. at the moment.

84. Michael Hatcher & Assoc. Adapts to Shifting Customer Demands -

The average person probably wouldn’t associate the word “trendy” with landscaping, but Michael Hatcher certainly does.

85. AIA Honors Industry’s Local Activity -

Despite hard times, there has been a whirlwind of activity in Memphis’ design community over the past year.

That’s the message Josh Flowers, general counsel at Hnedak Bobo Group Inc. and president of the Memphis Chapter of the American Institute of Architects, gave Saturday, March 31, at the annual Celebration of Architecture Gala and 2012 Design Awards at Circuit Playhouse, 66 S. Cooper St.

86. Insurers Speed Health Care Overhaul Preparations -

The nation's big insurers are spending millions to carry out President Barack Obama's health care overhaul even though there's a chance the wide-reaching law won't survive Supreme Court scrutiny.

It's not that health insurers want to bet big that the court will uphold the Affordable Care Act. It's that they can't afford not to. It will take at least several months and lots of resources for insurers to prepare to implement key elements of the law, which includes a controversial requirement that most Americans have health insurance by 2014.

87. US Factory Orders Fell 1 Percent in January -

WASHINGTON (AP) – U.S. factory orders fell in January by the most in 15 months after businesses sharply reduced orders for machinery and equipment.

The decrease was largely expected after a tax cut expired at the end of last year. Even with the decline, orders have gradually been climbing back to near pre-recession levels.

88. Room Service -

The good news for the local hotel industry is that last year notched the most rooms ever sold on a daily basis with 4.8 million – 115,628 more than 2010 and 76,780 more than the previous high set in 2007.

89. Privatization Thoughts Highlight Changes -

Here’s a roundup of what some of the city’s banks and bankers, investment professionals, mortgage brokers, asset management firms and other financial services shops have been up to in recent weeks.

90. Morgan Keegan Analyst: First Horizon Strong -

An analyst note from Morgan Keegan & Co. Inc. published Sunday about the parent company of First Tennessee Bank says the Memphis-based banking company is in good shape.

91. C-III Capital Acquires NAI Global -

The parent company of Memphis-based NAI Saig Co. has been acquired by an Irving, Texas-based real estate investment and special loan servicing firm for an undisclosed amount.

92. Drop in Bankruptcies Belies Economic Picture -

Although the total number of bankruptcies filed in Shelby County has slowly declined over the last three years, attorney Joseph Townsend with Fullen & Townsend Attorneys said fewer filings aren’t necessarily a sign that the economy is on the upswing.

93. CRE Activity Stays Strong During 2011 -

Despite hard times, local commercial real estate firms were able to ink plenty of deals in the past 12 months.

Memphis’ industrial leasing activity kicked off in January when Buena Park, Calif.-based Pacific Logistics Corp. signed a 60,000-square-foot lease in ProLogis Park DeSoto for its first Memphis-area location.

94. Prolonged Recession -

In the words of Phil Woodard, an owner of multiple residential and commercial properties in Downtown Memphis, breaking even is the new profit.

Or as national real estate expert Jonathan Miller said earlier this month at the Urban Land Institute’s Real Estate Outlook for the Mid-South, “We cannot expect to make money the way we did a few years ago.”

95. Stonebridge Apartments Sells for $22 Million -

9135 U.S. 64 and 9225 U.S. 64
Memphis, TN 38016

Sale Amount: $21.9 million

Sale Date: Dec. 6, 2011

Buyer: AB Merion Stonebridge LLC

96. US Service Firms Expanded in Nov. at Slower Pace -

WASHINGTON (AP) – Service companies, which employ 90 percent of the U.S. work force, expanded at a slower pace in November and a measure of employment at those firms fell.

Separately, the government said orders to U.S. factories dropped for the second straight month.

97. Forecasters Expect Recovery 'With a Lag' -

Over the past several days, eerily similar messages have come from a pair of economic forecasters who spoke at the Thursday, Dec. 1, meeting of the Economic Club of Memphis, the most recent forecast from a local investment firm and the latest economic snapshot from the Federal Reserve.

98. Green Shoots -

As the local commercial real estate market approaches the end of 2011, experts say it appears to be in line with national fundamentals for secondary and tertiary markets.

Shelby County commercial sales in the third quarter were the highest sales volume since Q3 2007, with $259 million, according to real estate information company Chandler Reports, www.chandlerreports.com.

99. House-Senate Negotiators Unveil Spending Bill -

WASHINGTON (AP) – House and Senate negotiators have agreed on a bundle of spending measures for the ongoing budget year, blending cuts to NASA and community development programs while averting cuts to nutrition programs.

100. Trust One Parent Has Profitable Q3 -

Columbus, Ga.-based Synovus Financial Corp. reported earnings of $15.7 million for the third quarter, the company’s first quarterly profit since Q2 2008.