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Editorial Results (free)

1. Memphis Banking Market Finding Renewed Equilibrium -

It took about 10 minutes for First Tennessee Bank’s parent company to wrap up its annual meeting of shareholders this week.

2. Memphis Jewish Home's Bobby Meadows Wins National Honor -

Bobby G. Meadows III, executive director of Memphis Jewish Home & Rehab, has been awarded the 2016 Young Executive Award by the Association of Jewish Aging Services. The award honors an executive younger than 45 who demonstrates significant potential in health care management by virtue of his or her cumulative achievements or innovative results in management or administration.
As executive director of MJHR, Meadows is responsible for day-to-day operations of the only glatt (strict) kosher, rehab long-term care facility in Tennessee and surrounding states. Operations include the oversight of more than 300 staff members, 160 patients, and a kosher deli.

3. SunTrust Donates $100K to United Housing Efforts -

SunTrust Mortgage has donated $100,000 to United Housing Inc. to provide homeownership education and foreclosure prevention training to consumers in Memphis and Shelby County. 

SunTrust is one of eight organizations through SunTrust Mortgage’s NeighborWorks initiative to receive a grant and the only organization from Tennessee. 

4. First Tennessee Adds Pinnacle to Complaint -

First Tennessee Bank is expanding the scope of a legal action it filed last May in the wake of Nashville-based Pinnacle Financial Group’s entry into the Memphis market.

5. First Tennessee Names Competing Bank in Employment Complaint -

First Tennessee Bank is expanding the scope of a legal action it filed last May in the wake of Nashville-based Pinnacle Financial Group’s entry into the Memphis market.

First Tennessee filed an initial complaint in Shelby County Chancery Court in the weeks after Pinnacle announced its acquisition of Memphis’ Magna Bank in April 2015. At the time, First Tennessee’s complaint named only Damon Bell, a First Tennessee executive vice president recruited to be Pinnacle’s Memphis president.

6. The Week Ahead: Jan. 25, 2016 -

We hope everyone survived Snow Terror ‘16 and is looking forward to a fun, productive week ahead that’s free of milk and bread runs. (Saturday’s high temp is 60 degrees – woohoo!) Here’s your weekly rundown of events and happenings worth paying attention to…

7. Staxtacular Connects Music, Basketball and Mentoring -

The Soulsville Foundation is bringing the worlds of basketball, music and mentoring together for its largest annual fundraiser, Staxtacular 2016.

The event is a partnership with the Memphis Grizzlies and is presented by SunTrust. It will be held Jan. 29 at 7 p.m. at the Stax Museum of American Soul Music, 926. E. McLemore Ave.

8. SunTrust to Air First Super Bowl Ad Next Month -

SunTrust Banks Inc. will air its first Super Bowl ad next month during Super Bowl 50.

The bank’s ad – to air during the game on Feb. 7 – will spotlight how financial stress is affecting the nation’s health and happiness. Its goal is to encourage Americans to talk openly about money and take steps to reclaim their financial confidence.

9. Staxtacular Connects Music, Basketball and Mentoring -

The Soulsville Foundation is bringing the worlds of basketball, music and mentoring together for its largest annual fundraiser, Staxtacular 2016.

The event is a partnership with the Memphis Grizzlies and is presented by SunTrust. It will be held Jan. 29 at 7 p.m. at the Stax Museum of American Soul Music, 926. E. McLemore Ave.

10. SunTrust to Air First Super Bowl Ad Next Month -

SunTrust Banks Inc. will air its first Super Bowl ad next month during Super Bowl 50.

The bank’s ad – to air during the game on Feb. 7 – will spotlight how financial stress is affecting the nation’s health and happiness. Its goal is to encourage Americans to talk openly about money and take steps to reclaim their financial confidence.

11. Pinnacle Financial Partners Adds to Ranks in Memphis -

Pinnacle Financial Partners is growing again at its Memphis headquarters on Quail Hollow Road.

Matt Buyer and Ashley Preskenis are the latest additions, from SunTrust and First Tennessee Bank, respectively.

12. Pinnacle Financial Partners Adds to Ranks in Memphis -

Pinnacle Financial Partners is growing again at its Memphis headquarters on Quail Hollow Road.

Matt Buyer and Ashley Preskenis are the latest additions, from SunTrust and First Tennessee Bank, respectively.

13. Memphis Banking Officials Brace for Changes In New Year -

As he chatted about the Memphis banking market with a few guests in a conference room at his bank’s headquarters on Quail Hollow Road back in 2010, Magna Bank chairman, president and CEO Kirk Bailey looked into the future and imagined how local mergers must surely be on the way.

14. DuPont, Dow Chemical Seek Merger, Then 3-Way Split -

DOVER, Del. (AP) — Dow Chemical and DuPont are merging to form a company valued at about $130 billion as they try to counter falling commodities prices and weakness in some key markets that have pressured their giant agriculture and chemicals businesses.

15. Memphis Zoo SunTrust Zoo Lights Nominated Among Nation’s Best -

The Memphis Zoo’s SunTrust Zoo Lights has been nominated by USA Today and 10Best as one of the best holiday zoo light displays in the country.

Online public voting will determine the winners in the contest. To vote, visit www.10best.com/awards/travel/best-zoo-lights/zoo-lights-at-the-memphis-zoo-memphis.

16. Turbett Joins First Horizon as CRA Officer -

Keith D. Turbett has joined First Horizon National Corp., parent company of First Tennessee Bank, as corporate Community Reinvestment Act officer and community development manager. In that role, Turbett ensures First Tennessee is making credit and financial products available in all parts of the community, consistent with safe and sound banking practices.

17. Memphis Zoo SunTrust Zoo Lights Nominated Among Nation’s Best -

The Memphis Zoo’s SunTrust Zoo Lights has been nominated by USA Today and 10Best as one of the best holiday zoo light displays in the country.

Online public voting will determine the winners in the contest. To vote, visit www.10best.com/awards/travel/best-zoo-lights/zoo-lights-at-the-memphis-zoo-memphis.

18. Zoo Lights Return – With A 100 Percent Chance of Snow -

The SunTrust Zoo Lights come on Friday, Nov. 20, and will light up the Memphis Zoo on select nights through Dec. 30. Best of all, there will be “snow” each night in the Courtyard and at Santa’s workshop.

19. Zoo Lights Return – With A 100 Percent Chance of Snow -

The SunTrust Zoo Lights come on Friday, Nov. 20, and will light up the Memphis Zoo on select nights through Dec. 30. Best of all, there will be “snow” each night in the Courtyard and at Santa’s workshop.

20. New Tax Breaks Attract Grocers to Memphis Food Deserts -

Two of Memphis’ prominent food deserts are on the mend with possible tax breaks to attract grocery stores.

Binghampton and Uptown are set to receive Community Builder PILOTs, a new payment-in-lieu-of-taxes incentive granted by the Memphis and Shelby County Economic Development Growth Engine.

21. FDIC Report: Little Change in Local Banking Market -

The landscape of the Memphis-area banking market hasn’t changed much since last year, according to a newly released yearly report from the Federal Deposit Insurance Corp.

22. FDIC Report: Little Change in Local Banking Market -

The landscape of the Memphis-area banking market hasn’t changed much since last year, according to a newly released yearly report from the Federal Deposit Insurance Corp.

23. ULI Panel Tackles Soulsville’s Dilemma as Shadyac Reveals Concept -

Local shareholders and national development leaders got deep in the heart of Soulsville USA this week with an all-day deliberation on how to bring placemaking to one of Memphis’ struggling historical areas.

24. Magna Bank Prepares for New Memphis Identity -

Magna Bank in Memphis isn't set to open for business with a new name above the door for a couple more months, now that its acquisition by Nashville-based Pinnacle Financial Partners has officially closed.

25. MIFA’s Feed the Soul Fundraiser Is ‘Memphis At Its Finest' -

Each year after MIFA’s Feed the Soul event, Sally Jones Heinz has the same thought.

“You come to this party and it really is Memphis at its finest,” said Heinz, executive director of the Metropolitan Inter-Faith Association. “It’s such a diverse group of people having a really good time. Every year after the party’s over, I think this is how it needs to be – Memphis all together.”

26. Regions Wealth Executive Talks Expansion, Growth Opportunities -

Travis LeMonte has been on the job for a little more than two months, but the executive leading Regions Private Wealth Management in West Tennessee already is talking expansion and adding to his team’s wealth management firepower.

27. Regions Adds to Wealth Management Team -

Regions Bank has added a few new professionals to Regions Private Wealth Management in Memphis.

Amy O’Bannon and Holly Clark have joined as wealth advisers.

28. Jason Eagle to Lead MIFA’s Advancement Department -

Jason Eagle has been appointed vice president of advancement for MIFA. Eagle will oversee the vision and execution of engaging the Memphis community to advance the nonprofit organization’s mission. He will lead a team to increase and enrich public awareness, volunteerism, outreach and stewardship to meet annual and long-term fundraising goals.

29. Jason Eagle to Lead MIFA’s Advancement Department -

Jason Eagle has been appointed vice president of advancement for MIFA. Eagle will oversee the vision and execution of engaging the Memphis community to advance the nonprofit organization’s mission. He will lead a team to increase and enrich public awareness, volunteerism, outreach and stewardship to meet annual and long-term fundraising goals.

30. Regions Bank Taps New Area Wealth Executive -

Regions Bank has tapped Travis LeMonte to be its new area wealth executive for Regions Private Wealth Management in West Tennessee.

31. Regions Bank Taps New Area Wealth Executive -

Regions Bank has tapped Travis LeMonte to be its new area wealth executive for Regions Private Wealth Management in West Tennessee.

32. Pinnacle CEO Talks Memphis Plans in Wake of Acquisition -

Flush from its newly announced acquisition of Magna Bank and the hire of a team from First Tennessee Bank, the newest entrant into the Memphis banking market already is looking down the road, planning more hires and a careful expansion of Magna’s existing footprint.

33. Fieldstone Apartments Files $15M Construction Loan -

Fieldstone Apartments III LLC filed a $15 million construction loan with SunTrust Bank for the development of a new phase of Fieldstone Apartments in Southeast Memphis.

34. University of Memphis Foundation Applies for $1 Million Building Permit -

1115 E. Getwell Loop
Memphis, TN 38111
Permit Amount: $1 million

Applicant: The University of Memphis Foundation
Project Cost: $40 million
Permit Application Date: April, 2015
Architect: Fleming Architects
Contractor: Grinder, Taber & Grinder Inc.
Details: The University of Memphis Foundation has applied for a $1 million building permit for a new facility at the university’s Park Avenue campus.

35. Fieldstone Apartments Files $15M Construction Loan -

Fieldstone Apartments III LLC filed a $15 million construction loan with SunTrust Bank for the development of a new phase of Fieldstone Apartments in Southeast Memphis.

36. Eakin: Rising Rents Hitting All of Middle Tennessee -

Selling business people on the idea of relocating to Nashville is easy for commercial real estate broker Barry R. Smith because he, too, bought into the city’s charm when he first came to town in 1981.

37. I Choose Memphis: Adele Landers -

“I Choose Memphis” spotlights Memphians who are passionate about calling this community home. New Memphis Institute provides the profiles.

Name: Adele Landers

Job & company: Client Adviser, SunTrust Private Wealth Management

38. What Recession? Middle Tennessee Largely Spared -

After handling clients at SunTrust as a senior portfolio manager for high-net-worth clients, many with $10 million or more in assets, Dana Moore, CFA, and two colleagues (George Stadler, Angela Helbig), founded HMS Investment Advisors in 2009.

39. Crosstown Crossroads -

Richard Spore and his colleague at the Memphis office of the Bass Berry & Sims law firm have worked on several ambitious, game-changing projects like the transformation of Overton Square and Bass Pro Shops’ redevelopment of The Pyramid.

40. Shelby Farms Conservancy Seeks $7.2 Million in Permits -

6093 N Patriot Lake Blvd.
415 E. Patriot Lake Blvd.
Memphis, TN 38118
Permit Amount: $7.2 million

41. Staxtacular to Feature Grizzlies Players -

The Soulsville Foundation and the Memphis Grizzlies are bringing the worlds of basketball, music and mentoring together at the foundation’s largest annual fundraiser, Staxtacular 2015.

Presented by SunTrust, Staxtacular will be held Feb. 7 from 7 p.m. until midnight at the Stax Museum of American Soul Music.

42. Crosstown Team Seeks 2 Mechanical Permits -

The Sears Crosstown development team has applied for two mechanical permits totaling $7 million.

The Crosstown team applied for the permits through the city-county Office of Construction Code Enforcement for fire protection systems and HVAC improvements. Walker J. Walker Inc. is listed as the contractor for the $5 million HVAC improvements while Security Fire Protection Co. Inc. is listed as the contractor for the $2 million in fire system upgrades.

43. Crosstown Team Seeks 2 Mechanical Permits -

The Sears Crosstown development team has applied for two mechanical permits totaling $7 million.

The Crosstown team applied for the permits through the city-county Office of Construction Code Enforcement for fire protection systems and HVAC improvements. Walker J. Walker Inc. is listed as the contractor for the $5 million HVAC improvements while Security Fire Protection Co. Inc. is listed as the contractor for the $2 million in fire system upgrades.

44. Staxtacular to Feature Grizzlies Players -

The Soulsville Foundation and the Memphis Grizzlies are bringing the worlds of basketball, music and mentoring together at the foundation’s largest annual fundraiser, Staxtacular 2015.

Presented by SunTrust, Staxtacular will be held Feb. 7 from 7 p.m. until midnight at the Stax Museum of American Soul Music.

45. Sears Crosstown Will Receive New Name -

The team behind the redevelopment of the Sears Crosstown site will unveil a new name for the development during a Feb. 21 community groundbreaking ceremony.

“Until now, when Memphians have talked about the building, they’ve called it Sears Crosstown,” the development team said in a statement announcing the groundbreaking ceremony, which will be held 88 years to the day after the initial groundbreaking in 1927. “But Sears is long gone, and the surrounding neighborhood proudly claims the name Crosstown. Now it’s time for something new.”

46. Sears Crosstown Will Receive New Name -

The team behind the redevelopment of the Sears Crosstown site will unveil a new name for the development during a Feb. 21 community groundbreaking ceremony.

“Until now, when Memphians have talked about the building, they’ve called it Sears Crosstown,” the development team said in a statement announcing the groundbreaking ceremony, which will be held 88 years to the day after the initial groundbreaking in 1927. “But Sears is long gone, and the surrounding neighborhood proudly claims the name Crosstown. Now it’s time for something new.”

47. Crosstown Developers File $80.5 Million Loan -

The Crosstown development team has secured an $80.5 million loan on the property.

Crosstown Building Owner LLC filed the loan with SunTrust Bank, according to a Dec. 30 deed of trust. McLean Wilson, the Crosstown development team’s co-leader, signed the trust deed.

48. 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.

49. Crosstown Developers File $80.5 Million Loan -

The Crosstown development team has secured an $80.5 million loan on the property.

Crosstown Building Owner LLC filed the loan with SunTrust Bank, according to a Dec. 30 deed of trust. McLean Wilson, the Crosstown development team’s co-leader, signed the trust deed.

50. Crosstown Developers File $80.5 Million Loan -

The Crosstown development team has secured an $80.5 million loan on the property.

Crosstown Building Owner LLC filed the loan with SunTrust Bank, according to a Dec. 30 deed of trust. McLean Wilson, the Crosstown development team’s co-leader, signed the trust deed.

51. Events -

Memphis Zoo hosts the final night of SunTrust Zoo Lights Tuesday, Dec. 30, from 5:30 p.m. to 9:30 p.m. at the zoo, 2000 Prentiss Place. Visitors can enjoy free rides through Zoo Lights on a tram, children’s activities, live reindeer, animal encounters and more. Cost is $6 for members and $8 for nonmembers. Visit memphiszoo.org.

52. Events -

Hard Rock Cafe Memphis will host the seventh annual Hard Rock Guitar Drop Wednesday, Dec. 31, from 6:30 p.m. to Thursday, Jan. 1, at 2 a.m. at Hard Rock, 126 Beale St. The event will feature live music inside and outside the cafe, including a headline performance by The Bar-Kays. General admission is $20. Visit hardrock.com/memphis for more information.

53. Events -

The 56th AutoZone Liberty Bowl, featuring the Texas A&M Aggies and the West Virginia Mountaineers, will be held Monday, Dec. 29, at 1 p.m. at Liberty Bowl Memorial Stadium, 335 S. Hollywood St. Big & Rich will perform at halftime. Buy tickets at autozonelibertybowl.org.

54. Events -

The Daily News offices will be closed for Christmas Thursday, Dec. 25, and Friday, Dec. 26. Offices will reopen Monday, Dec. 29, at 8:30 a.m.

South Main Art Trolley Tour will be held Friday, Dec. 26, from 6 p.m. to 9 p.m. in the South Main Historic Arts District. Email info@southmainmemphis.net.

55. Events -

The Daily News offices will be closed for Christmas Thursday, Dec. 25, and Friday, Dec. 26. Offices will reopen Monday, Dec. 29, at 8:30 a.m.

South Main Art Trolley Tour will be held Friday, Dec. 26, from 6 p.m. to 9 p.m. in the South Main Historic Arts District. Email info@southmainmemphis.net.

56. Events -

South Main Art Trolley Tour will be held Friday, Dec. 26, from 6 p.m. to 9 p.m. in the South Main Historic Arts District. Email info@southmainmemphis.net.

57. Events -

South Main Art Trolley Tour will be held Friday, Dec. 26, from 6 p.m. to 9 p.m. in the South Main Historic Arts District. Email info@southmainmemphis.net.

58. Events -

Memphis Zoo will host SunTrust Zoo Lights 2014 through Dec. 30, except for Christmas Eve, from 5:30 p.m. to 9:30 p.m. at the zoo, 2000 Prentiss Place. Visitors can enjoy free rides through Zoo Lights on a tram, children’s activities, live reindeer, animal encounters and more. Cost is $6 for members and $8 for nonmembers. Visit memphiszoo.org.

59. Events -

American Red Cross will hold a blood drive Saturday, Dec. 20, from 11 a.m. to 3 p.m. at Bumpus Harley Davidson, 325 S. Byhalia Road. Visit redcrossblood.org or call 800-REDCROSS for eligibility requirements and appointments.

60. Events -

AARP Cordova Chapter will hold its holiday luncheon and inauguration of 2015 officers Thursday, Dec. 18, at 11:30 a.m. at Cheddar’s Restaurant, 2147 S. Germantown Road. Guests are welcome.

61. MassMutual Sponsors New JA BizTown Shop -

Junior Achievement of Memphis and the Mid-South Inc. has announced MassMutual Life Insurance Co. as its newest shop sponsor for JA BizTown.

62. MassMutual Sponsors New JA BizTown Shop -

Junior Achievement of Memphis and the Mid-South Inc. has announced MassMutual Life Insurance Co. as its newest shop sponsor for JA BizTown.

63. Acura of Memphis Owner Buys Dealership, Land -

2611 Ridgeway Road, 6055-6085 Acura Cove
Memphis, TN 38119
Sale Amount: $12.4 million

64. Acura of Memphis Owner Buys Dealership, Land -

The owner of Acura of Memphis has paid $12.4 million for the East Memphis dealership and 25 acres of land.

Umansky Properties AOM LLC – led by Danny Umansky of Umansky Auto Group, which includes Acura of Memphis, Acura of Jackson, Tenn., and Wolfchase Hyundai – bought the properties in an Oct. 1 warranty deed from Tameron Properties Memphis LLC.

65. Acura of Memphis Owner Buys Dealership, Land -

The owner of Acura of Memphis has paid $12.4 million for the East Memphis dealership and 25 acres of land.

Umansky Properties AOM LLC – led by Danny Umansky of Umansky Auto Group, which includes Acura of Memphis, Acura of Jackson, Tenn., and Wolfchase Hyundai – bought the properties in an Oct. 1 warranty deed from Tameron Properties Memphis LLC.

66. McNeill Seeks Permits for Germantown Medical Offices -

1432 Kimbrough Road and 1468 Kimbrough Road
Germantown, TN 38138
Project Cost: $2.6 million

67. Life Church Files $16.4 Million Loan -

The Life Church of Memphis has refinanced its four campuses and the Cordova shopping center it owns for $16.4 million, according to a Sept. 25 commercial deed of trust.

The refinance through SunTrust Bank includes the 101,908-square-foot shopping center Life Church owns at 1800 N. Germantown Parkway, the former Victory University site at 255 N. Highland Ave., a Collierville location at 650 Houston Hill Road and a campus in Jackson, Tenn.

68. Cycle for Life -

She’s young, physically active, and the family history did not suggest she was at risk. Yet Kate Horton was diagnosed with ovarian cancer.

69. Marx-Bensdorf Expands in East Memphis -

A prominent Memphis realty company has expanded its presence in East Memphis. Marx-Bensdorf Realtors has grown in the office building at 5860 Ridgeway Loop Blvd. by 526 square feet, bringing its total to 4,653 square feet.

70. Germantown Land Sells for $6 Million -

Neshoba-Exeter Real Estate Partners, whose managing general partner is M. Spence Ray, has acquired property in Germantown for $6 million.

Neshoba-Exeter Partners acquired roughly 16 acres of vacant land zoned for residential development in two parcels owned by Owen Investments LP near the northeast corner of South Germantown and Neshoba roads on Sept. 15, according to a warranty deed.

71. AutoZone Agrees to Buy Parts Distributor -

A few weeks ahead of its fiscal fourth quarter earnings announcement, Memphis-based AutoZone Inc. disclosed it’s reached a deal to buy Interamerican Motor Corp., the second-largest distributor of original equipment import replacement parts in the U.S.

72. FedEx Founder Highlights Economic Club Fall Slate -

FedEx founder Fred Smith will make a rare public speaking appearance in Memphis Nov. 6, as part of the fall 2014 lineup of speakers planned for the Economic Club of Memphis.

73. D. Canale Affiliate Buys Property for Distillery -

301 S. Front St.
Memphis, TN 38103
Sale Amount: $785,000

Sale Date: July 10, 2014
Buyer: Dominick Properties LLC
Seller: 301 South Front Street GP

74. Nursing Home Owner Files $9 Million Loan -

The owner of the 284-bed Grace Healthcare of Cordova nursing home at 955 N. Germantown Parkway has filed an $8.9 million loan on the property.

75. Chisca Hotel Owners File Construction Loan -

The Chisca Hotel ownership group has filed a $17.3 million construction loan to renovate and redevelop the historic South Main Street property.

Main Street Apartment Partners LLC filed the construction leasehold deed of trust, assignment of leases and rents, security agreement and fixture filing July 18 through SunTrust Banks.

76. Cohen-Wilkins Campaign Gets Personal -

In hard-fought political races, candidates try to disrupt the game plan of their rival, change the rules of the contest to their own liking and control the campaign’s narrative.

On the third day of the early voting period in advance of the Aug. 7 election day, that is what both contenders in the 9th District Democratic Congressional primary had come to.

77. ServiceMaster Sponsoring New BizTown Shop -

Junior Achievement of Memphis and the Mid-South Inc. has announced the newest shop in JA BizTown will be sponsored by ServiceMaster.

78. Green Mountain Consulting Finds Home Along Poplar -

Logistics vendor Green Mountain Consulting wasn’t necessarily looking to buy an office building when it began its search for more office space for expansion.

“We’re not getting into the commercial real estate business because we wanted to be in it; we got into it because we have a company to operate and needed the space,” said Jim Jacobs, one of Green Mountain’s co-founders.

79. ServiceMaster Sponsoring New BizTown Shop -

Junior Achievement of Memphis and the Mid-South Inc. has announced the newest shop in JA BizTown will be sponsored by ServiceMaster.

80. Legacy Farm Owner Files $29.8 Million Loan -

1120 Winchester Road
Collierville, TN 38017
Loan Amount: $29.8 million

Loan Date: June 18, 2014
Maturity Date: July 1, 2021
Borrower: Legacy Farm LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 368-unit Legacy Farm apartment complex at 1120 Winchester Road in Collierville has filed a $29.8 million loan on the property.

81. AZAL Files $2.2 Million Loan on Bartlett Property -

The owner of the 26,568-square-foot warehouse at 3025 Kate Bond Blvd. in Bartlett has filed a $2.2 million construction loan on the property.

82. SunTrust Joins Effort to Upgrade Bank Branches -

ATLANTA (AP) – The largest bank based in Georgia has joined a national push to upgrade branches, spurred by customers who prefer online banking to waiting in a teller line.

Two SunTrust locations – one already open inside a food court at the bank's Atlanta headquarters and another scheduled to open this summer in the Georgetown neighborhood in Washington, D.C. – will test customers' response to new technology. Bank officials said they will use that feedback to help determine where and when to roll out the updates at other branches.

83. Homer Skelton Wolfchase Dealership Sells for $8.5 Million -

An entity whose manager is president of Acura of Memphis has paid $8.5 million for the Homer Skelton Wolfchase Hyundai auto dealership at 7727 U.S. 64 in Northeast Memphis.

Umansky Properties WH LLC – led by Danny Umansky of Acura of Memphis – bought the 48,085-square-foot property in a May 7 special warranty deed from First Tennessee Bank NA, trustee of the Homer D. Skelton Inter Vivos Trust, u/t/a dated March 28, 2000.

84. Estate Planning Council Taps New Leadership -

J. Randolph Flatt, a financial planner with the Mid-South Financial Group of Mass Mutual, has been elected to serve as vice president and acting president for the Estate Planning Council of Memphis.

85. Call Center ‘Gratifying’ for Local Office Sector -

Conduit Global’s announcement this week that it is locating a call center in Shelby County that will employ 1,000 people was a breath of fresh air for local office real estate professionals.

86. Estate Planning Council Taps New Leadership -

J. Randolph Flatt, a financial planner with the Mid-South Financial Group of Mass Mutual, has been elected to serve as vice president and acting president for the Estate Planning Council of Memphis.

87. What to Expect When You’re Expecting -

S&P 500 corporate earnings in 2013 likely grew about 6 percent. The S&P 500 price index, however, grew 29.6 percent. The difference between the growth in earnings and the growth in the price index amounts to P/E expansion.

88. Location is Key for Success of Downtown’s New York Pizza -

As businesses expand and contract, corporations find homes in faraway cities and new technology means that law offices don’t have to adhere to the convenience of proximity the courthouse affords, so goes the Downtown workforce.

89. Out-of-Town Banks Target Memphis for Growth -

More than 40 percent of the customer deposit share in the Memphis-area banking market belongs to institutions that have a presence here but are based outside the area, the latest figures from the Federal Deposit Insurance Corp show.

90. State Lease Bolsters One Commerce Square -

F. Scott Fitzgerald once said there were no second acts in American lives.

But One Commerce Square, the towering Downtown office building at Union Avenue and Main Street, is preparing for its third act.

91. Embassy Suites Memphis Sells for $24.8 Million -

1022 S. Shady Grove Road
Memphis, TN 38119
Sale Amount: $24.8 million

Sale Date: Nov. 15, 2013
Buyer: 1022 South Shady Grove LLC
Seller: 1022 Shady Grove LLC
Loan Amount: $22.6 million
Loan Date: Nov. 15, 2013
Maturity Date: N/A
Lender: Great American Life Insurance Co.
Details: An affiliate of Chicago-based hotel asset manager Lodging Capital Partners LLC has paid $24.8 million for the Embassy Suites Memphis hotel at 1022 S. Shady Grove Road in East Memphis.

92. Leases Push Renaissance Center Near Capacity -

The Renaissance Center office building in East Memphis should be near capacity early next year, following a series of recent lease signings.

Financial Federal signed a lease on Tuesday, Nov. 20, to occupy 27,000 square feet on the first and second floors of the Renaissance Center, 1715 Aaron Brenner Drive. In addition to the new location, the growing financial firm will have signage atop the East Memphis office building along Poplar Avenue east of Interstate 240.

93. Bartlett Warehouse Sells for $1.2 Million -

The 26,568-square-foot warehouse at 3025 Kate Bond Blvd. in Bartlett has sold to a local buyer for $1.2 million.

94. FDIC Releases Latest Market Share Figures -

The Federal Deposit Insurance Corp. has come out with its latest annual ranking of the customer deposit share among banks, and not much has changed in the Memphis metropolitan statistical area over 2012.

95. Office Team Helps Colliers Expand Local Footprint -

As a part of the Colliers International office in Memphis’ growth strategy, the brokerage office has been expanding its presence in the office sector over the past year by adding a new office team consisting of Frazier Baker and Will Barden.

96. FDIC Releases Latest Market Share Figures -

The Federal Deposit Insurance Corp. has come out with its latest annual ranking of the customer deposit share among banks, and not much has changed in the Memphis metropolitan statistical area over 2012.

97. Influence1 Files $2.6 Million Loan for Former Bishop Byrne -

1475 E. Shelby Drive
Memphis, TN 38116
Loan Amount: $2.6 million

Loan Date: Aug. 23, 2013
Maturity Date: Aug. 23, 2024
Borrower: The Influence1 Foundation
Lender: Regions Bank
Details: The Influence1 Foundation, the Memphis-based organization that bought the former Bishop Byrne High School in June, has filed a $2.6 million loan on the property, at 1475 E. Shelby Drive in Whitehaven.

98. South Junction Files $14.8 Million Loan -

Just a few days after its permits were filed, the development group building the 197-unit South Junction apartments Downtown has taken out a $14.8 million construction loan for the project.

South Junction Partners – through a payment-in-lieu-of-taxes (PILOT) program via the Memphis Center City Revenue Finance Corp. – filed the deed of trust Aug. 27 with SunTrust Bank.

99. Mission of Love -

Beginning Sept. 5, Memphis will once again come together to Rock for Love.

The seventh annual, three-day fundraiser for the Church Health Center, providing health care for the working uninsured, will kick off that Thursday evening with a VIP barbecue at Ardent Studios.

100. Building the Future -

The CEO of the largest bank based in Memphis told analysts earlier this year on the company’s first-quarter earnings call that executives there are in the middle of rethinking the bank’s branch network.