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Editorial Results (free)

1. Medical Device Startup Founders Flock To Memphis for ZeroTo510 Cohort -

It was during a hospital stay for severe abdominal pain while Srinath Vaddepally was studying for his master’s degree that he got an idea for the product and company that would eventually bring him to Memphis.

2. Poplar Place Apartments Sell for $15.3 Million -

1669 Randolph Place
Memphis, TN 38120

Sale Amount: $15.3 million

Sale Date: May 6

Buyer: Poplar Place TN Townhomes LLC

3. The Week Ahead -

It’s a new week that ends with Music Fest, Memphis! Here’s a roundup of other local happenings you need to know about, from some important government meetings, to corporate earnings reports and a new exhibit set to open at the Memphis Zoo.

4. 4 Fed Leaders Face Questions About Their Powerful Jobs -

WASHINGTON (AP) – Janet Yellen was put on the spot about whether she made a mistake in raising interest rates in December. Ben Bernanke was quizzed about what it felt like to be called a traitor by the governor of Texas.

5. Statewide Demand Outstrips Supply of Qualified Workers -

Tennessee is surging as a major manufacturing state, bouncing back from the Great Recession by attracting billions of dollars in new investment and creating thousands of new – and often very high-paying – advanced manufacturing jobs.

6. Dull Pencils For Sharp Problems -

WE NEED THE SHARPEST PENCILS IN THE DRAWER. I don’t do my own taxes. In fact, my taxes send TurboTax into default mode, crash laptops and fry transformers. H&R Block blocks my phone number.
My accountant does my taxes, only because he’s known me for decades, he speaks Dan, and he uses the Gordian Knots in my finances to train his people.

7. EdR Reports 34 Pct. Drop In Fourth-Quarter Earnings -

EdR wrapped up the fourth quarter of 2015 with an increase in funds from operations but a sharp drop in net income.

The Memphis-based real estate investment trust on Monday, Feb. 22, reported Q4 net income of $14.8 million, or 27 cents per share. That’s a 34 percent decrease from Q4 2015, when net income was $22.4 million, or 47 cents per share.

8. EdR Reports 34 Percent Drop in Q4 Earnings -

EdR wrapped up the fourth quarter of 2015 with an increase in revenue but a sharp drop in net income.

The Memphis-based real estate investment trust on Monday, Feb. 22, reported Q4 net income of $14.8 million, or 27 cents per share. That’s a 34 percent decrease from Q4 2014, when net income was $22.4 million, or 47 cents per share.

9. Exxon's 4Q and Annual Profit Plunge With Oil Prices -

DALLAS (AP) — The big plunge in crude prices is taking a toll on Big Oil.

Exxon Mobil Corp. said Tuesday that fourth-quarter profit fell 58 percent to $2.78 billion. It was the oil giant's smallest profit since the third quarter of 2002.

10. Another Week, Another New Destination for Memphis Airport -

Memphis International Airport has announced its second new destination in as many weeks, this time from low-cost airline Allegiant Air.

The carrier will add a twice-weekly flight from Memphis to Jacksonville, Fla., bringing its total count of destinations from Memphis to seven. Allegiant, which began operations locally last May, currently flies Memphis routes to Austin, Texas; Las Vegas, Nev.; Phoenix/Mesa, Ariz.; and Orlando/Sanford, St. Petersburg-Clearwater and Fort Lauderdale, Fla.

11. Varsity Brands Acquires Texas-Based Company -

Memphis-based Varsity Brands has acquired Allgoods LLC of Grand Prairie, Texas, an apparel school fundraising company.

12. Varsity Brands Acquires Texas-Based Company -

Memphis-based Varsity Brands has acquired Allgoods LLC of Grand Prairie, Texas, an apparel school fundraising company.

13. Blue Bell Ice Cream Returns to Stores in La., Miss. -

NEW ORLEANS (AP) — Blue Bell ice cream is back in stores in Louisiana and Mississippi, eight months after listeria contamination halted sales and prompted cleanup of production plants.

14. Editorial: EPIcenter Adds to Memphis’ Entrepreneurial Reality -

EPIcenter’s goal of 500 new companies in a decade is ambitious, even considering the $3.75 million in capital raised since last year for 50 new companies.

The idea of bringing the city’s collective startup community together with the goal of propelling Memphis’ economy forward is valuable. But it will require all those invested in the community to play nice, so to speak.

15. Southwest Adds Memphis Flights -

Southwest Airlines will add seasonal nonstop flights between Memphis and Austin, Texas, along with an additional seasonal flight to Orlando.

The nonstop service between Memphis International Airport and Austin-Bergstrom International Airport will operate on Saturdays and Sundays starting Dec. 5 and move to Saturdays only starting Jan. 9. The route will continue being offered on Saturdays through March 5.

16. New Logistics Accelerator Gets Under Way -

A new logistics-focused business accelerator has launched in Memphis.

Five teams are participating in the 14-week 2015 EPIcenter Logistics Innovation Accelerator, which is sponsored by FedEx and got under way Monday, Aug. 17.

17. New Logistics Accelerator Gets Under Way -

A new logistics-focused business accelerator has launched in Memphis.

Five teams are participating in the 14-week 2015 EPIcenter Logistics Innovation Accelerator, which is sponsored by FedEx and got under way Monday, Aug. 17.

18. Real Deal -

They were tossing around numbers, trying to guess the win total for the 2015 University of Memphis football season.

In the not-too-distant past, the two Highland Hundred members and longtime season-ticket holders might have been able to add their guesses together and still come up short of the six victories needed for their favorite team to be bowl-eligible.

19. Memphis’ Mercer Capital Merges With Texas Firm -

Memphis-based business valuation and financial advisory firm Mercer Capital has merged with Texas-based valuation and litigation support firm Erickson Partners, effective July 1.

The firms decided that their respective footprints – Mercer, with a strong presence throughout the Southeast and Midwest, and Erickson Partners, with a strong presence in Texas and Oklahoma – made them a perfect fit.

20. Dunavant Bulks Up in Memphis, Texas -

Richard McDuffie was busy working in his East Memphis office when a company representative delivered the news.

21. Memphis’ Mercer Capital Merges With Texas Firm -

Memphis-based business valuation and financial advisory firm Mercer Capital has merged with Texas-based valuation and litigation support firm Erickson Partners, effective July 1.

The firms decided that their respective footprints – Mercer, with a strong presence throughout the Southeast and Midwest, and Erickson Partners, with a strong presence in Texas and Oklahoma – made them a perfect fit.

22. Supreme Court Upholds Use of Controversial Execution Drug -

WASHINGTON (AP) – Trading sharp words, a deeply divided Supreme Court upheld the use of a controversial drug in lethal-injection executions Monday, even as two dissenting justices said for the first time they think it's "highly likely" the death penalty itself is unconstitutional.

23. Prepare for Takeoff -

At Southern Airways Express’ hub in a Memphis International Airport executive terminal, movement is at a peaceful lull.

There are no loudspeaker announcements or TSA check-in points. Patrons sip complimentary coffee. The lobby opens right onto the tarmac where a fleet of 9-passenger Cessna 208 Caravan jets land about 12 times daily.

24. 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.

25. Woods Brings Focus on Startups to Archer-Malmo Digital Arm -

Archer-malmo might seem the epitome of an old school ad firm that is steeped in history, especially given the two prominent Memphis names that comprise the firm’s title.

For evidence of how firmly the Memphis-based advertising agency has its feet planted in all things tech and in the world of startups and web-connected professionals, consider the work of Patrick Woods. He’s the director of a-m ventures, the firm’s division that focuses on investing money and creative capital into digital startups, work that involves spending time around the country as well as in Memphis looking out for hot companies with big potential.

26. Chicago-Based LivCor Snaps Up Memphis Apartment Community -

9230 Thornbury Boulevard
Memphis, TN 38125
Sale Amount: $51.3 million

Sale Date: Feb. 27, 2015
Buyer: BRE Piper MF Forest Creek TN LLC, an affiliate of Chicago-based LivCor LLC,
Seller: Forest Creek Apartment Associate LLC and Forest Creek Land Associates LLC, affiliates of Carter Hastin Real Estate Services Inc.
Loan Amount: $44.2 million
Loan Date: Feb. 27, 2015
Lender: Wells Fargo Bank
Details: The Preserve at Forest Creek Apartments in Southeast Memphis has been sold for $51.3 million.

27. Texas Roadhouse Building Sells for $2.8 Million -

An Arizona-based real estate investment trust has a purchased a Texas Roadhouse restaurant for $2.8 million.

Spirit Master Funding II LLC, an affiliate of Phoenix-based Spirit Capital Realty, acquired the restaurant property at 2810 New Brunswick Road from Spirit Master Funding LX LLC, according to a Feb. 26 warranty deed.

28. Bid to End Tennessee Carry Permit Requirement Fails in House -

NASHVILLE, Tenn. (AP) – A proposal to eliminate Tennessee's requirement to obtain a state-issued permit to openly carry handguns was defeated in a House subcommittee on Wednesday.

Republican Rep. Micah Van Huss Jonesborough said he introduced the measure because he believes that "current laws here in Tennessee infringe on the Second Amendment of our U.S. Constitution."

29. Texas Roadhouse Building Sells for $2.8 Million -

An Arizona-based real estate investment trust has a purchased a Texas Roadhouse restaurant for $2.8 million.

Spirit Master Funding II LLC, an affiliate of Phoenix-based Spirit Capital Realty, acquired the restaurant property at 2810 New Brunswick Road from Spirit Master Funding LX LLC, according to a Feb. 26 warranty deed. The purchase was financed with a $2.8 million loan from Citibank, according to a Feb. 26 warranty deed.

30. Wave of New Retail Construction Boosts Contractors -

Retail development in the Memphis area is booming in what construction and retail officials describe as the most active period for retail construction since the recession, with everything from a massive outlet mall in Southaven to grocery stores and smaller, traditional retail centers going up.

31. 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.

32. 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.

33. REIT Sells Three Memphis Properties for $7.2 Million -

A Texas-based real estate investment trust has sold three Memphis properties for $7.2 million.

Cobalt Industrial REIT II, an affiliate of Cobalt Capital Partners, has sold the properties at 4366, 4406 and 4436 Malone Road to Colfin Cobalt I-II Owner LLC, an affiliate of Santa Monica, Calif.-based Colony Financial Inc., according to a Dec. 18 special warranty deed.

34. REIT Sells Three Memphis Properties for $7.2 Million -

A Texas-based real estate investment trust has sold three Memphis properties for $7.2 million.

Cobalt Industrial REIT II, an affiliate of Cobalt Capital Partners, has sold the properties at 4366, 4406 and 4436 Malone Road to Colfin Cobalt I-II Owner LLC, an affiliate of Santa Monica, Calif.-based Colony Financial Inc., according to a Dec. 18 special warranty deed.

35. These Retailers Could Use Some Holiday Cheer -

NEW YORK (AP) – The holiday shopping season is always a make-or-break period for struggling retailers.

But this year, the fight to grab shoppers has intensified, making it difficult for stores to use the season that accounts for about 20 percent of the retail industry's annual sales to bounce back.

36. RadioShack Clashes Again With Lenders -

FORT WORTH, Texas (AP) – Trading in shares of RadioShack was halted Tuesday after the company disclosed a dispute with one of its lenders.

Salus Capital Partners is claiming that the struggling electronics retailer had breached covenants on a $250 million term loan, the company said.

37. Hillwood to Launch Two Spec Buildings in DeSoto County -

A Texas-based development firm will start turning dirt soon on a massive new business park in DeSoto County.

Hillwood Investment Properties is expected to begin site work in around 30 days on Legacy Park, a 266-acre distribution and business park on the south side of Goodman Road, just east of Hacks Cross Road near Polk Lane.

38. Highland Row Developer Applies for $6.7 Million Permit -

387 S. Highland St.
Memphis, TN 38111
Permit Amount: $6.7 million

Project Cost: $61 million
Application Date: November 2014
Engineer: Jordan & Skala Engineers
Details: Indianapolis-based developer Milhaus Ventures has applied for another building permit for the long-awaited Highland Row project near the University of Memphis.

39. Former Marriott Hotel Sells for $5.1 Million -

An East Memphis hotel has been sold for $5.1 million.

JPMCC 2007 CIBC19 Lodging 2625 LLC sold The Hotel Memphis at 2625 Thousand Oaks Blvd., near Perkins Road and Interstate 240, to Jubilee Hotels Group LLC, according to an Oct. 29 warranty deed.

40. Hagerty Works Toward Better Air Connection -

In its second term, Gov. Bill Haslam’s administration hopes to draw even more foreign-based business investment to Tennessee by building international air travel in a state that currently has no hub airports.

41. Tennessee Ranked Top State for Foreign Investment -

Tennessee has been ranked the top state in the nation for foreign direct investment job commitments in 2013.

That's according to the recently released 2014 Global Location Trends report.

The annual report from the IBM Institute for Business Value measured the number of jobs created by foreign-owned companies in each state during the 2013 calendar year. Following Tennessee in the rankings were Texas, Georgia and Ohio.

42. Former Marriott Hotel Sells for $5.1 Million -

An East Memphis hotel has been sold for $5.1 million.

JPMCC 2007 CIBC19 Lodging 2625 LLC sold The Hotel Memphis at 2625 Thousand Oaks Blvd., near Perkins Road and Interstate 240, to Jubilee Hotels Group LLC, according to an Oct. 29 warranty deed.

43. Recruiter’s Career Twist -

Ask Janet Miller about her remarkable career at the Nashville Area Chamber of Commerce and she’ll likely attribute it to good timing or pass credit onto others.

44. Mississippi Tourism Officials Seek Bigger Promo Budget -

JACKSON, Miss. (AP) – Mississippi tourism officials are requesting more public money to promote the state in big media markets such as Atlanta and Chicago, hoping the investment will lure travelers to play golf, visit civil-rights landmarks or hear authentic blues music close to its roots.

45. Ugwueke to Clarify Health Care Complexities -

Clarity. That’s what anyone attending a seminar on health care is seeking. What’s going on here and across the country? What’s the impact of the Affordable Care Act? What are the trends? What about the looming shortage of primary care physicians?

46. Council Reviews Pension Investment Changes -

For the first time in months, Memphis City Council members have no committee discussions scheduled Tuesday, Aug. 19, on city health insurance benefits or proposed pension plan changes.

But the council will vote on the first in a series of pension plan changes to come.

47. Doug Carpenter & Associates Still Growing Four Years On -

Even before her recent graduation from the University of Texas at Austin, Cara Greenstein had been keeping an eye on her hometown of Memphis, paying attention to job opportunities, looking for the right place to land.

48. LYFE Kitchen Moving to Memphis -

LYFE Kitchen, a unique California-based restaurant concept, will move its headquarters to Memphis and open two locations – one in Downtown and another in East Memphis.

Palo Alto, Calif.-based LYFE, which stands for Love Your Food Everyday, will open a restaurant in the former Sharky’s Gulf Grill location at 6201 Poplar Ave. and another inside Downtown’s Chisca Hotel, now under construction.

49. 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.

50. Polo Shops Retail Center Sells for $2.6 Million -

The Polo Shops retail center at 7444 Winchester Road and 7464 Winchester Road in Southeast Memphis has sold for $2.6 million.

51. Ehrhart Touts Liberty Bowl to SEC Schools -

HOOVER, Ala. – Steve Ehrhart has work to do.

The 56th AutoZone Liberty Bowl isn’t until Dec. 29, but the bowl’s executive director knows the time is now to make his case to SEC athletic directors.

52. Malone Center Owner Files $4.1 Million Loan -

The owner of the 23.7-acre Malone Distribution Center near the intersection of East Raines Road and Lamar Avenue in Oakhaven has filed a $4.1 million loan on the industrial property.

Cobalt Industrial REIT II filed the deed of trust with absolute assignment of leases and rents, security agreement and fixture filing July 1 through Wells Fargo Bank NA. The deed encompasses parcels at 4366 Malone Road, 4406 Malone and 4436 Malone.

53. 32 States Trail US as a Whole in Job Recovery -

WASHINGTON (AP) – Five years after the Great Recession officially ended, most states still haven't regained all the jobs they lost, even though the nation as a whole has.

In May, the overall economy finally recovered all 9 million jobs that vanished in the worst downturn since the 1930s. Another month of solid hiring is expected in the U.S. jobs report for June that will be released Thursday.

54. FedEx, International Paper Join Buyback Trend -

Recent stock repurchases by major U.S. corporations since the recession are a financial fact of life and the city’s best known publicly-held companies are no exception to the practice that can have multiple motives as well as multiple effects.

55. House GOP Unveils Bill Slashing Highway Grants -

WASHINGTON (AP) – Republicans controlling the House unveiled legislation on Tuesday that proposes a huge cut to a transportation grant program championed by President Barack Obama that funds road and bridge projects, light rail networks, port construction and bike paths.

56. USDA Establishes Rural Business Investment Program -

DES MOINES, Iowa (AP) – The U.S. Department of Agriculture announced Monday a new $150 million program designed to provide investment capital to help small agriculture-related business in rural areas with cash needed to expand.

57. Industrial Portfolio Sells for $43 Million -

4550 Swinnea Road6005 Freeport Ave., 3399 E. Raines Road
Memphis, TN
Sale Amounts: $10.1 million; $14.8 million; $18 million

58. US Home Prices Rose at Solid Pace in January -

WASHINGTON (AP) – U.S. home prices rose in January after three months of declines as a tight supply of properties likely supported prices despite slower sales.

Real estate data provider CoreLogic said Tuesday that prices rose 0.9 percent in January after dipping 0.1 percent in December. Over the past 12 months, home prices have risen 12 percent, the biggest year-over-year gain in more than eight years.

59. MalmoMemphis Completes Three Law Firm Leases -

Three Memphis law firms represented by MalmoMemphis Real Estate Inc. have renewed their office leases or leased new spaces.

60. Polo Shops Sells for $3.1 Million After Foreclosure -

7444 Winchester Road7464 Winchester Road
Memphis, TN 38125
Sale Amount: $3.1 million

61. Polo Shops Sells for $3.1 Million After Foreclosure -

The Polo Shops retail center on Winchester Road in Southeast Memphis has sold for $3.1 million following a foreclosure.

An entity called TOP11 - 7444 Winchester RD LLC bought the property, whose addresses are 7444 Winchester Road and 7464 Winchester Road, in a Feb. 19 substitute trustee’s deed from R. Spencer Clift III of Baker, Donelson, Bearman, Caldwell & Berkowitz PC.

62. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

63. Belz Sells Shelby Oaks EnSafe Center for $910,000 -

5710-5730 Summer Trees Drive
Memphis, TN 38134
Sale Amount: $910,000

Sale Date: Jan. 10, 2014
Buyer: EnSafe Inc.
Seller: BICO Associates GP
Details: An affiliate of Belz Enterprises has sold the five-building Shelby Oaks EnSafe Center office complex on Summer Trees Drive in Northeast Memphis for $910,000.

64. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

65. French Quarter Inn Sells for $1.9 Million -

The long-vacant French Quarter Inn on Madison Avenue near Overton Square has been sold for $1.9 million, according to property records.

California-based NCE Realty and Capital Group LLC closed Dec. 31 on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street.

66. French Quarter Inn Sells for $1.9 Million -

The long-vacant French Quarter Inn on Madison Avenue near Overton Square has been sold for $1.9 million, according to property records.

California-based NCE Realty and Capital Group LLC closed Dec. 31 on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street.

67. Bowling for Who-Knows-What -

On the day after Christmas, 1958, I turned 7. The next day, Ole Miss played Florida in the Gator Bowl. The only other bowl games then were Sugar, Orange, Rose, and Cotton – all played on New Year’s Day – plus Sun, Tangerine, and Bluegrass, played earlier. Eight in all.

68. Highland Street Family Dollar Sells for $1.6 Million -

656 S. Highland St.
Memphis, TN 38111
Sale Amount: $1.6 million

Sale Date: Dec. 2, 2013
Buyer: Amicorp Enterprises Inc.
Seller: DCTN3 328 Highland Memphis TN LLC
Loan Amount: $600,000
Loan Date: Nov. 25, 2013
Maturity Date: N/A
Lender: The Bank of Hemet
Details: The Family Dollar retail store at 656 S. Highland St. near the University of Memphis has sold for $1.6 million.

69. 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.

70. Embassy Suites Memphis Sells for $24.8 Million -

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.

71. Developer Buys Land for Somerset Subdivision -

26.3 Acres near Neshoba
And Germantown Roads
Sale Amount: $1.5 million

Sale Date: Oct. 28, 2013
Buyer: Somerset-Exeter GP
Seller: Owen Investments LP
Loan Amount: $2.8 million
Loan Date: Oct. 28, 2013
Maturity Date: Oct. 28, 2016
Lender: Kent Wunderlich
Details: An entity related to Germantown-based developer McNeill Investment Co. has paid $1.5 million for 26.3 acres near the intersection of Germantown and Neshoba roads.

72. French Quarter Deal Collapses -

A Texas-based group had inked a deal to purchase the long-vacant French Quarter Suites Hotel near Overton Square, but the proposed sale fell through the cracks.

Austin, Texas-based ASC Management had until Oct. 31 to close on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street but did not complete the sale.

73. Lamar Avenue Storage Facility Sells for $1 Million -

An affiliate of Austin, Texas-based real estate investment firm World Class Capital Group has paid $1 million for the 63,740-square-foot A-AAA Key Mini Storage facility at 3951 Lamar Ave. in Oakhaven.

74. FHA to Draw $1.7 Billion From Treasury to Cover Losses -

WASHINGTON (AP) – A federal housing agency said Friday it needs a $1.7 billion bailout from the Treasury to cover projected losses in its reverse mortgage programs which allow seniors to borrow against their homes for everyday living expenses.

75. International Paper Keeps Eye on Rainy Summer -

The president and CEO of Memphis-based International Paper Co. has been watching the weather a lot lately.

76. Closing Fannie, Freddie Could Boost Mortgage Rates -

WASHINGTON (AP) – Homebuyers could feel the pinch if Congress follows through on plans to shut down Fannie Mae and Freddie Mac, the government-controlled mortgage guarantee giants that were rescued by a $187 billion taxpayer bailout during the financial crisis.

77. Bean’s Third Career Helps Researchers Around Globe -

More than a decade ago, Bob Bean and Tim Hodge met at a Wendy’s near Baptist Memorial Hospital to discuss what it would take to develop a lab for genetically testing mice for use in research.

78. Wharton Calls for 'Revenue Director' -

Memphis Mayor A C Wharton Jr. wants to hire a city “revenue officer” as a next step in efforts to change financial practices at City Hall.

Wharton also set a schedule of monthly goals through the end of 2013 to discuss with the council such major financial issues as pension plan obligations and employee benefits.

79. 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.

80. Oakhaven Warehouse Sells for $11.3 Million -

5155 Citation Drive
Memphis, TN 38118
Sale Amount: $11.3 million

Sale Date: May 21, 2013

81. Owner Files Loan on Humphrey Hampton Inn -

The owner of the 121-room Hampton Inn at 33 Humphrey Center Drive in East Memphis has filed a $5.4 million loan on the property.

82. Argent Hire Underscores Firm’s Growth -

The hiring of Phil Buchanan by Argent Financial Group as the company’s new president underscores what’s been a continual growth story at Argent.

Even before the Ruston, La.-based financial services firm established a Memphis presence in 2010, but especially since then, Argent has opened new offices, added staff, solidified its presence here and still managed to prepare for growth to come.

83. 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.

84. International Paper’s Net Earnings Up -

Memphis-based International Paper Co. reported net earnings Thursday, May 2, of $318 million for the first quarter of 2013, a $130 million increase from a year ago.

Quarterly net sales for International Paper of $7.1 billion were up $400 million from a year ago but the same as for the fourth quarter of 2012.

85. Northward Expansion -

Thirteen years after Visible Music College founder Ken Steorts launched a school with a focus on music ministry and production that relocated into Memphis after outgrowing its original Lakeland campus, the school is preparing to launch a satellite campus.

86. TJX Leases Up Chickasaw Building D -

The TJX Cos. Inc. has inked a substantial deal in Southeast Memphis, representing the largest industrial lease so far in 2013.

87. Local Ad Execs to Present at SXSW Festival -

A pair of admen from Memphis will be in Austin, Texas, presenting at the South by Southwest Interactive Festival that starts later this week.

Archer-malmo chief creative officer and principal Gary Backaus, along with archer-malmo associate creative director and copywriter Justin Dobbs, will be there during the five days’ worth of presentations from leaders in emerging technology.

88. Argent Financial Sees Growth in Memphis, Beyond -

Argent Financial Group hasn’t let its foot off the gas since arriving in Memphis.

The Louisiana-based wealth management firm, which is now responsible for more than $5.5 billion in client assets, has continued to expand both in Memphis and beyond.

89. U of M Files Permit for New Residence -

3615 Central Ave. Memphis, TN 38111

Permit Cost: $43.5 million

Project Cost: $53 million

90. Dunavant Grows Logistics, Transportation Divisions -

Dunavant Enterprises Inc. continues its transformation into a purely third-party logistics and asset-based transportation firm.

91. Carey Watermark Investors Buys Beale Hampton Inn -

The new owner of the Hampton Inn & Suites Memphis-Beale Street at 175 Peabody Place Downtown, has filed a $22.5 million loan on the property after acquiring the 144-room hotel.

92. FTN Financial Grows With New Offices, Hires -

First Tennessee Bank’s capital markets subsidiary has been on a tear lately. FTN Financial has grown on several fronts, including with the addition of a public finance department as it expands into the general market municipal bond sector and with the opening of new offices as part of that expansion. The company also has opened additional new offices around the country and added employees in other areas to handle general growth.

93. Arnot Joins Hillwood as Market Director -

Dallas-based Hillwood Investment Properties has hired Bates Arnot as market director.

Arnot will be responsible for marketing and leasing industrial properties in the Dallas and Memphis markets.

94. Arnot Joins Hillwood as Market Director -

Dallas-based Hillwood Investment Properties has hired Bates Arnot as market director.

Arnot will be responsible for marketing and leasing industrial properties in the Dallas and Memphis markets.

95. New Breed Expands Memphis Footprint -

New Breed Logistics recently announced plans to expand its Memphis operations with an investment of $23 million that will create 468 warehouse and distribution jobs.

The privately held 3PL company helps businesses design and operate efficient supply chains. Its newest facility will consist of 404,000 square feet at 4585 Quality Drive, and the company will also significantly expand operations inside its facility at 4895 Citation Drive.

96. MED Buys East Memphis Land for $3.4 Million -

6525 Quince Road Memphis, TN 38119

Sale Amount: $3.4 million

Sale Date: Nov. 16, 2012

97. Gallina Centro Property Sells for $7.1 Million -

An affiliate of the Phoenix-based real estate investment trust Cole Capital Advisors Inc. has paid $7.1 million for the portion of the Gallina Centro strip center in Collierville that houses HomeGoods and Michael’s.

98. Economic East vs. West -

Yin and Yang Since Election Day, stock indices have fallen sharply, reflecting the Washington non-consensus. As we enter another legislative sausage session, investors can’t help but recall the 20 percent drawdown that marked the last high-stakes negotiation.

99. Brinkley Plaza Sells to Olymbec for $7.2 Million -

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.

100. Brinkley Plaza Sells to Olymbec for $7.2M -

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.