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Editorial Results (free)

1. TraVure Developers Close On Construction Loan -

Developers of the TraVure mixed-use project in Germantown have closed on a $34.1 million construction loan.

First Bank provided the financing for the five-story, 150,000-square-foot Class A office building that will include the new corporate headquarters for apartment real estate investment trust MAA. It includes a five-story parking garage.

2. LA Fitness Eyes Collierville, Urban Village Moves Ahead -

1048 W. Poplar Ave.
Collierville, TN 38017

Sale Amount: $3.7 million

Sale Date: Jan. 5, 2017

Buyer: Fitness International LLC

3. Define Your Giving Priorities in 2017 -

Editor’s note: Part one of a two-part series. As 2016 came to a close there was an avalanche of well-crafted requests to give to nonprofits. These came in the U.S. mail and via email. They were on TV, radio, Facebook, Twitter, everywhere!

4. Parkside Developers Finish Acquiring Land for Shelby Farms Urban Village -

Developers of Parkside at Shelby Farms, a proposed mixed-use project, took another step forward with the purchase nearly 40 acres of vacant property adjacent to Shelby Farms.

5. Nordstrom Rack Files $1.5M Permit for Memphis Store -

4572 Poplar Ave.

Memphis, TN 38117

Permit Amount: $1.5 million

Project Cost: $25.2 million

Application Date: December 2016

6. Downtown Hotel Sells for Nearly $6 Million -

A Downtown Memphis hotel property has sold for $5.9 million.

A Georgia business named 22 North Third LLC purchased the Econo Lodge Downtown and its garage, located at 22 N. B.B. King Blvd and 28 N. B.B. King Blvd., from Bluff City Partners LLC in a Dec. 29 warranty deed. Mabra Holeyfield signed the deed as chief manager of Bluff City Partners.

7. Midtown Retail Property Sells for $5 Million -

1625 Poplar Avenue

Memphis, TN 38104 

Sale Amount: $5 million

Sale Date: Dec. 21, 2016

8. Large Deals, Office Construction Among Memphis' Commercial Real Estate Trends -

Coming off of a strong year in 2015, the commercial real estate market in the Memphis metropolitan area continued to do well in 2016.

Larry Jensen, president and CEO of Cushman & Wakefield/Commercial Advisors, said his company was tracking approximately 6 million square feet of net absorption in the industrial market headed into the last week of 2016, as compared to 8.4 million in 2015.

9. Growing Pains -

First came the ho-hum start that left open the possibility the Grizzlies’ harshest critics might be right: This season could be the fast-forwarded beginning of an end, a sad narrative that could leave the Grizzlies on the outside of the postseason after a thrilling six-year run.

10. Office Holiday Parties: Naughty or Nice? -

If there is any human resources professional who still needs a good argument to present to management in favor of NOT having a holiday party with copious amounts of alcohol, I encourage you to show your decision makers the new film, “Office Christmas Party,” starring Jennifer Aniston and Jason Bateman.

11. Last Word: St. Jude Dollar Amounts, Fred's On The Move and The Treble Clef -

Grizz over the Trailblazers 88 – 86 Thursday evening at the Forum. At the end of the first half, Grizz coach David Fizdale had to be restrained by players on the way off the court after a technical was called on him. And welcome to Memphis, Toney Douglas. We love what you are doing with the fourth quarter.

12. U of M Professor Writes Medical Neutrality Editorial -

Dr. Soumitra Bhuyan, assistant professor of Health Systems Management and Policy in the University of Memphis School of Public Health, is the lead author of an editorial urging the international community to defend medical neutrality in war zones and calls for the United Nations to act when health care facilities are attacked.

13. Gill Seeks $25 Million Permit For New MAA Headquarters -

6815 U.S. 72

Germantown, TN 38138

Permit Amount: $25 million

Future Tenant: MAA

14. Transcript: CBU to Transform Campus, Transition to Project-Based Learning -

Christian Brothers University is not only changing the look of its campus at Central Avenue and East Parkway. Leaders of the institution are embarking on the second phase of a $70 million capital campaign that includes plans to “blow up” the university’s department of education to include Crosstown High School and the neighboring Middle College High School, extend internships to all students and to create a new library that is more than “air conditioning for books.”

15. The Week Ahead: November 14-20 -

Good morning, Memphis! It’s finally feeling like fall outside – just in time for Graceland to flip with switch on Elvis’ Christmas light display. Plus, we have details on a couple of autumn-themed parties, plenty of basketball, and more to keep you busy in The Week Ahead…

16. Why is It So Difficult for Tennessee To Oust Indicted Politicians? -

Tennessee is lagging much of the nation when it comes to the ability to remove scoundrels from public office.

And, make no mistake, the Volunteer State has had its fair share of ne’er-do-well politicians who would likely have been thrown out of office if the proper procedures had been in place. 

17. The Role Of Conscious Corporations -

Denial of a human-centric world and its impact on the planet since the industrial revolution is no longer an acceptable worldview.

In March, we reached the point of no return, the point where most credible international scientists agree that damage will be unprecedented and relentless. As we have surpassed global CO2 concentrations at 400 parts per million (PPM), let’s make this alarm a time for changing the purpose of business.

18. Expanding Care -

With the arrival of the holiday shopping season, dozens of major retailers – brands from Best Buy to Williams-Sonoma to Brooks Brothers and New York & Co. – as well as the consumers who patronize them will also be turning their attention to St. Jude Children’s Research Hospital.

19. Germantown Retail Strip Sells for $1.8 Million -

A Germantown shopping strip has sold for $1.8 million in a Sept. 30 warranty deed.

Kneeland Downs Properties LLC, which lists an address in Fort Myers, Florida, purchased the property at 9435 Poplar Ave. from Patton & Taylor Properties, a Memphis-based general partnership,

20. Samsung Woes Show How Dependent We've Become on Smartphones -

NEW YORK (AP) – Tethered as we are to our smartphones, Samsung asking users of its fire-prone Galaxy Note 7 to "power down and stop using the device" is not just an inconvenience. It's crazy.

21. Germantown Retail Strip Sells for $1.8 Million -

A Germantown shopping strip has sold for $1.8 million in a Sept. 30 warranty deed.

Kneeland Downs Properties LLC, which lists an address in Fort Myers, Florida, purchased the property at 9435 Poplar Ave. from Patton & Taylor Properties, a Memphis-based general partnership,

22. Startup Confidential: 15 Interviews Later -

“Should I be doing this? How do I know I’m on the right track? What does success look like? Um … should I be doing this?” Those were the questions I woke up with nearly every day in the months after I launched my own business in March of this year.

23. Three Industrial Properties Sell for $9.6 Million -

Malone Distribution Park 

Memphis, TN 38118

Sale Amount: $9.6 million

Sale Date: Sept. 8

24. Memphis Drawing More Out-of-Town Retailers -

Second- and third-tier retail markets are seeing a resurgence nationally, and Memphis’ own economic recovery is garnering attention from out-of-town retailers.

Among the higher-end retailers preparing for their first local store are Ikea, which is set to open in the next few months, and Trader Joe’s and Nordstrom Rack, both of which are in their early stages and are expected to open by the end of 2017.

25. Study Details Sugar Industry Attempt to Shape Science -

NEW YORK (AP) – The sugar industry began funding research that cast doubt on sugar's role in heart disease – in part by pointing the finger at fat – as early as the 1960s, according to an analysis of newly uncovered documents.

26. Enoble Business Capital Offices Sell in Foreclosure -

813 Ridge Lake Blvd.

Memphis, TN 38120

Sale Amount: $9.6 million

Sale Date: Aug. 31, 2016

Buyer: Merchants Capital Real Estate LLC

27. Women Buying More Luxury Vehicles as Incomes, SUVs Rise -

DETROIT (AP) – Kelly Dahle remembers leaving work one day several years ago at the same time as the CEO of her company. When they arrived at her car, he was startled.

"Great car! But why do you need a BMW?" he asked.

28. Preparing to Start a Business Creates Opportunity, Fear -

Meka Egwuekwe had a nice career going as a software developer when he co-founded CodeCrew. But he had to do it.

“It was both scary and not scary at the same time,” said Egwuekwe, who is also executive director at CodeCrew. “It was scary because I was walking away from a 19-year career as a software developer, where I could have easily continued successfully and comfortably for many more years.

29. Last Word: Hyde Lake, Global Ministries Exits and Another Big 12 Rumor -

A big day at Shelby Farms Park Thursday as the Heart of the Park renovations were formally opened. And it was also a cause to look back on where the park has come from.

30. Cordova’s Parkway Place Sells in Foreclosure -

1250 N. Germantown Parkway

Cordova, TN 38016

Sale Amount: $19.6 million

Sale Date: Aug. 24, 2016

31. Parkway Place in Cordova Sells for $19.6 Million in Foreclosure -

Cordova’s Parkway Place shopping center and three adjacent properties have sold in foreclosure for $19.6 million.

The properties entered into foreclosure after its owners – 19 North Carolina limited liability companies – defaulted on a $22.5 million loan, according to a first-run foreclosure notice in the Friday, Aug. 5, edition of The Daily News.

32. Artspace Begins $17M Affordable Housing Project -

138 & 120 St. Paul Ave.

Memphis, TN 38103

Permit Amount: $10.5 million

Project Cost: $17 million

33. Technology or No, Matrix Achievement Group Strives for Sales Results -

The pitch for Matrix Achievement Group can seem to be all about now, all about the fast-moving, 24-hour clock exhausting everyone, and the feeling that if only the technology could be made to always work for you, everything would be better.

34. Shelby County Foreclosures Remain at Historic Lows -

Over the last several years foreclosure activity in Memphis and Shelby County has reached historic lows. Year to date, foreclosures are down 23 percent from the same period of 2015.

The number of homes in foreclosure inventory, properties that have been foreclosed but not yet resold by the bank, has fallen drastically. At the end of 2008, there were 3,925 homes in foreclosure inventory; at the end of July, there were 2,070, a decrease of 47 percent.

35. Four Cordova Properties Facing Foreclosure -

Cordova’s Parkway Place shopping center and three adjacent properties have entered into foreclosure after its owners – 19 North Carolina limited liability companies – defaulted on a $22.5 million loan, according to a first-run foreclosure notice in the Friday, Aug. 5, edition of The Daily News.

36. Four Cordova Properties Facing Foreclosure -

Cordova’s Parkway Place shopping center and three adjacent properties have entered into foreclosure after its owners – 19 North Carolina limited liability companies – defaulted on a $22.5 million loan, according to a first-run foreclosure notice in the Friday, Aug. 5, edition of The Daily News.

37. Trustmark Sees $21.5M Profit in Second Quarter -

Trustmark Corp. has reported net income of $21.5 million for the second quarter of 2016.

That’s down from a little more than $30 million in the year-ago period.

38. Pinnacle Keeps Ramping Up in Memphis -

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

39. Trustmark Sees $21.5M Profit in Second Quarter -

Trustmark Corp. has reported net income of $21.5 million for the second quarter of 2016.

That’s down from a little more than $30 million in the year-ago period.

40. Investors Buy Krystal Restaurant in Lakeland -

The Krystal restaurant property on U.S. 64 in Lakeland has sold to a California buyer for $1.5 million days before the fast-food eatery is set to open.

Joseph Carpello and Katherine Ann Carpello, as trustees of the Carpello Family Trust, bought the property at 9986 U.S. 64 from Square Deal LLC in a July 1 warranty deed.

41. 3-Story Hotel Set to Rise In Southeast Shelby County -

7967 Lowrance Road
Shelby County, TN 38125

Permit Amount: $2.6 million

Issued Date: July 2016

42. Cordova Retail Center Sells for $3 Million -

A two-tenant retail center on Germantown Parkway has traded hands for $3 million.

Kim Investment Partners IV LLC, a California limited liability company, purchased the 6,480-square-foot Class A building at 2288 N. Germantown Parkway from GT Plaza LLC, according to a June 29 warranty deed.

43. Cox to Lead Asset Management at Lehman-Roberts -

Matt Cox has been promoted to director of asset management at Lehman-Roberts Co. Cox most recently served as total process reliability coordinator for three years. In his new role, he is responsible for the full lifecycle of all construction equipment supplied to Lehman-Roberts’ operations divisions, including acquiring equipment, maintaining nearly 600 pieces of rolling stock and disposing of equipment as necessary.

44. MAA Still Entertaining Headquarters Options -

Memphis-based MAA is a year into its search for a new headquarters, and the company is moving closer to plans for a newly constructed building.

The real estate investment trust, which focuses on multifamily properties, first announced the move last summer. MAA is currently housed in nearly 43,000 square feet at 6584 Poplar Ave. in East Memphis. It is looking for an 80,000-square-foot space, with room to grow, to house its 200 local employees.

45. Snapshot: How Memphis-Based Public Companies are Faring -

Acquisitions have been a common theme among many Memphis-based public companies the past few quarters. Here is a roundup of those transactions and other business highlights from each of the companies.

46. Available Class-A Office Space Scarce in Memphis -

ServiceMaster is looking to relocate its headquarters into a Class A office building, and Memphis just doesn’t have room.

“For the past two years, we’ve been using those phrases,” said Ron Kastner, senior vice president with CBRE.

47. Tribune Rejects Second Gannett Bid; Sets the Stage for Talks -

NEW YORK (AP) – Tribune Publishing rejected a second takeover bid from USA Today owner Gannett, but did say Monday that it was open to further talks.

Gannett last week raised its per-share bid for the owner of the Los Angeles Times, Chicago Tribune and other newspapers to $15, from $12.25. Gannett, based in McLean, Virginia, put the total value of the revised offer at about $864 million, which includes some $385 million in debt.

48. PFM Group Promotes Lowe To Managing Director -

Lauren Lowe has been promoted to managing director of The PFM Group, a leading provider of independent financial and investment advisory services to state and local governments and not-for-profit institutions. Based in PFM’s Memphis office, Lowe serves the firm’s municipal advisory clients. Her areas of expertise include debt transactions and structuring, strategic planning, pricing and cash flow analysis as well as advising many of her local government clients on policy development.

49. Bank Seeks Receiver for Warren, Tulane Apartments -

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

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

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

51. Poll: Age, Income Factors in Staying With Single Employer -

CHICAGO (AP) – A new poll says more than 40 percent of America's baby boomers stayed with their employer for more than 20 years. But it's unlikely that their children or grandchildren will experience the same job tenure.

52. Trustee’s Conference Meets in Memphis -

County trustees from across Tennessee will meet in Memphis for their annual conference on Tuesday through Thursday, May 10-12, at the Sheraton Memphis Downtown.

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

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

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

54. Last Word: BSMF Looks Up, Overton Park Respite and Slow Economic Growth -

The Beale Street Music Festival box office numbers won’t be in for a bit yet. But it looks like the three-day event that ended Sunday evening with Beck and Paul Simon weathered the weather very well, maybe better than usual.

55. Federal Regulators Close Memphis-Based Bank -

Trust Co. Bank of Memphis has failed, with state and federal regulators announcing Friday, April 29, they had closed all four branches of the West Tennessee financial institution and arranged a purchase agreement to protect depositors.

56. LMCB Social Does the Marketing Many Small-Business Owners Can’t -

Any business has a lot of variables, unique variables that those not in the industry could never fully grasp.

But time is finite for all. So when Lisa Creswell Busby started her own one-woman shop, LMCB Social, she did so with a certainty of understanding:

57. Memphis Health Care Orgs Honored As Industry’s Best -

A few Memphis-based health care institutions have landed on the 2016 Best Workplaces in Health Care list, according to the global research and consulting firm Great Place to Work and Fortune Magazine.

58. Memphis Health Care Orgs Honored Among Industry’s Best -

A few Memphis-based health care institutions have landed on the 2016 Best Workplaces in Health Care list, according to the global research and consulting firm Great Place to Work and Fortune Magazine.

59. Mortgage Market Up 3 Percent In March -

Shelby County’s mortgage market closed out the first quarter by posting March numbers that headed in the direction bankers and real estate professionals like to see.

Last month’s total purchase mortgage volume was a little more than $131 million, up by $3.4 million over March 2015’s total of almost $128 million, for a gain of about 3 percent. That’s according to real estate information company Chandler Reports, www.chandlerreports.com.

60. Time for Strunk to Become Titans' Most Valuable Player -

Quick question about the Titans: Who has the most to prove?

Is it Mike Mularkey, a two-time loser as a head coach?

Is it Jon Robinson, a first-time general manager?

61. How the BBB Fights Scams & Fosters Trust -

It all starts with trust. But whom do you trust? That’s what Samuel Dobbs, an executive with The Coca-Cola Co. in the early 1900s wanted to know as he sat in a courtroom listening to an attorney defend a claim of false advertising.

62. Ulta to Join Nordstrom Rack in Poplar Commons Retail Center -

Ulta Beauty will be a neighbor of Nordstrom Rack in the upcoming Poplar Commons shopping center, set to open in the fall of 2017.

This will be the third Ulta store in the Memphis market and the first in the East Memphis submarket.

63. Airport-Area Industrial Sells for $1.2 Million -

1525 Three Place, 3365-3378 One Place
Memphis, TN 38116

Sale Amount: $1.2 million

Buyer: Gregory Realty

Seller: One Place Associates

64. 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.

65. Last Word: Leaving Warren and Tulane, New Police Brass and Losing Housing -

Post Super Bowl edition of Last Word: Broncos 24 – Panthers 10 – Lady Gaga’s National Anthem kudos – Coldplay/Bruno Mars/Beyonce ambitious halftime extravaganza got lost in spots by bad sound.

66. Gastro One Sells Five Shelby County Properties -

A health care real estate investment trust has acquired five of Gastro One’s Shelby County property holdings in transactions totaling $15 million, according to deeds filed with the Shelby County Register’s Office.

67. First Building Permit Pulled For Crosstown Concourse Build-Out -

495 N. Watkins St.
Memphis, TN 38104

Permit Amount: $15.6 million

Application Date: January 2016

68. Gastro One Sells Five Shelby County Properties -

A health care real estate investment trust has acquired five of Gastro One’s Shelby County property holdings in transactions totaling $15 million, according to deeds filed with the Shelby County Register’s Office.

69. Collierville Assisted Living Facility Sells for $17 Million -

601 Wolf River Blvd.
Collierville, TN 38017

Sale Amount: $17 million

Sale Date: Dec. 29, 2015

70. Mall of Memphis Property Bought by Trucking Company -

113-Acre Former
Mall of Memphis Site
Sale Amount: $3.9 million

Sale Date: Dec. 29, 2015
Buyer: TAG Real Estate Holdings LLC
Seller: Memphis Industrial Properties LLC (Johnson Development Associates Inc.)
Loan Amount: $23 million
Loan Date: Dec. 29, 2015
Lender: Mercedes-Benz Financial Services USA LLC
Details: The 113-acre former Mall of Memphis property has a new owner. TAG Real Estate Holdings, an affiliate of Memphis-based TAG Truck Enterprises LLC, paid $3.9 million, or $34,513 an acre, to buy the property from Johnson Development Associates Inc., acting as Memphis Industrial Properties LLC.

71. iBank Tower Sells for $19.2 Million -

The iBank Tower, located at 5050 Poplar Ave., has sold for $19.2 million, and for the first time, the same owner controls both the iBank Tower and the nearby Clark Tower at 5100 Poplar Ave.

72. Legislature Not Playing Santa With Insure Tennessee -

It’s going to take a Christmas miracle for Insure Tennessee to make it into anyone’s stocking this year.

As the 2016 session of the General Assembly approaches in early January, Republicans are showing no support for the plan Gov. Bill Haslam offered for a special session in early 2015.

73. Corker Says Visa Waivers a Bigger Risk Than Refugees -

U.S. Sen. Bob Corker says he believes the nation needs to stop admitting Syrian refugees until security problems are solved, but the nation’s “bigger risk” in letting terrorists slip into the country lies with the nation’s Visa Waiver Program.

74. Holiday Inn Express Ready To Rise Near Graceland -

3411 Elvis Presley Blvd.
Memphis, TN 38116

Loan Amount: $4.8 million

75. Collierville Hotel Sells for $2.6M -

A Collierville Days Inn & Suites has sold for $2.6 million.

Kapil Lodging LLC, which lists an address in Oxford, Miss., purchased the hotel at 1230 W. Poplar Ave. from HIM Inc., according to a Dec. 4 warranty deed. HIM had purchased the property in 2000 for $2.3 million.

76. Collierville Hotel Sells for $2.6M -

A Collierville Days Inn & Suites has sold for $2.6 million.

Kapil Lodging LLC, which lists an address in Oxford, Miss., purchased the hotel at 1230 W. Poplar Ave. from HIM Inc., according to a Dec. 4 warranty deed. HIM had purchased the property in 2000 for $2.3 million.

77. Accelerate Growth By Integrating Research -

Stephanie Cunningham, Associate Director, Global Insights Business Lead – Specialty Division, The Clorox Co.; Jody McInerney, Senior Vice President, Burke Inc.

78. Ball to Lead New Division at Evolve Bank -

Thomas Ball has joined Memphis-based Evolve Bank & Trust as president of the newly formed Equipment Finance Division. In this role, Ball will create and grow a product line focused on equipment loans and leases to businesses across the U.S.

79. Business-Nonprofit Partnerships Crucial to Transforming Communities -

Whether in Memphis, Nashville or metro Denver, there are success stories. Businesses and nonprofits coming together not just to create jobs, but to forge life-changing opportunities that turn out to be positive for everyone involved.

80. Shelby County Mortgage Market Up 10 Percent in October -

Shelby County’s mortgage market is now mid-way through the final quarter of the year, but, judging from the market’s performance in October, the typical year-end slowdown hasn’t materialized yet.

81. Consolidation of Tennessee’s Newspapers Bad for Taxpayers -

The federal government isn’t likely to descend on Tennessee with trust-busting vengeance once three of the state’s four largest newspapers are owned by the same company.

Newspapers are too far down a virtual slippery slope of monopolism to retrieve from the hands of Gannett, which recently announced it plans to pay $280 million for Journal Media Group, the owner of The Commercial Appeal in Memphis and Knoxville News Sentinel.

82. McLean-Union Walgreens Sold for $5.2 Million -

A Midtown Walgreens changed hands for $5.2 million, according to an Oct. 9 warranty deed. Tennessee-based RMRTN LLC sold the pharmacy at 1863 Union Ave., on the southeast corner of McLean Boulevard, to Delaware-based Pharmacy Portfolio VIII DST.

83. Boyle Buys Vining Sparks HQ For $16.3M -

776 Ridge Lake Boulevard
Memphis, TN 38120

Sale Amount: $16.3 million

Sale Date: Oct. 15

84. McLean-Union Walgreens Sold for $5.2 Million -

A Midtown Walgreens changed hands for $5.2 million, according to an Oct. 9 warranty deed. Tennessee-based RMRTN LLC sold the pharmacy at 1863 Union Ave., on the southeast corner of McLean Boulevard, to Delaware-based Pharmacy Portfolio VIII DST.

85. Boyle Buys Ridgeway Center Office Building -

Boyle Investment Co. has purchased the Vining Sparks headquarters building in East Memphis.

The Memphis-based real estate development company bought the 120,000-square-foot structure at 775 Ridge Lake Boulevard for $16.3 million.

86. New Mayor in Town -

Jim Strickland has some big decisions to make.

At the top of the list: make sure the toilets are flushing, the lights are coming on at night and the stoplights are flashing red, yellow and green.

87. Boyle Buys Ridgeway Center Office Building -

Boyle Investment Co. has purchased the Vining Sparks headquarters building in East Memphis.

The Memphis-based real estate development company bought the 120,000-square-foot structure at 775 Ridge Lake Boulevard for $16.3 million.

88. Boyle Buys Ridgeway Center Office Building -

Boyle Investment Co. has purchased the Vining Sparks headquarters building in East Memphis.

The Memphis-based real estate development company bought the 120,000-square-foot structure at 775 Ridge Lake Boulevard for $16.3 million.

89. Mortgage Market Slips 3 Percent in September -

Though it’s been on a tear this year as rates have stayed low and supply remained somewhat thin, the Memphis-area mortgage market cooled a bit as the third quarter drew to a close.

But that’s generally to be expected, real estate professionals say, as the weather also cools and the end of the year draws near.

90. Mercedes-Benz Hires Heath Elliott as Sales Manager -

Heath Elliott has joined Mercedes-Benz of Collierville as general sales manager. In his new role, Elliott will manage the sales of all new and pre-owned cars sold at the dealership, which opened in 2014.

91. Shelby County Mortgage Market Up 27 Percent in August -

Lenders don’t just look forward to the summer months for the arrival of warmer weather.

At institutions like Evolve Bank & Trust, the local office of which president and CEO Scott Stafford said currently has the largest mortgage pipeline in its history, mortgage lending is heating up, too.

92. Use EQ vs. IQ to Recruit Sales Talent -

Hiring sales talent is tricky, as it can be difficult to distinguish between those who are merely strong at interviewing and those who will actually be strong on the job. Why?

Sales people are particularly good at reading people and delivering the desired response. The trick is to peel back the onion during an interview to ensure you are getting an unfiltered view of each candidate, which can be done by combining two techniques.

93. Hotel Developer Moves On Scimitar Building Conversion -

179 Madison Ave.
Memphis, TN 38103

Permit Cost: $5.2 million

Permit Date: Applied August 2015

94. Memphis Investment Professionals Preach Caution Amid Market Swings -

The 1,000-point drop at one point Monday, Aug. 24, in the Dow Jones Industrial Average – it ended the day down 588 points to close at an 18-month low – was a result of volatile trading that marked a stomach-churning start to the week for investors.

95. Memphis Search Marketing Firm Nabs Spot on Inc. 500 -

Search marketing firm HigherVisibility LLC was the highest-ranked Memphis company on the annual Inc. 5000 list, which ranks the nation’s fastest growing companies.

96. Memphis Firm HigherVisibility Nabs Spot on Inc. 5000 -

Search marketing firm HigherVisibility LLC was the highest-ranked Memphis company on the annual Inc. 5000 list, which ranks the nation’s fastest growing companies.

97. College Football Notebook: Nick Saban Needs a Quarterback -

Another season at Alabama and another battle for quarterback.

Last year’s runner-up, Florida State transfer Jacob Coker, returns for a second shot at the job after losing out to Blake Sims in 2014. Redshirt freshman David Cornwell showed enough last spring to become a contender, and the race may be wide enough open to go beyond these two if neither can assert himself as the leader of the offense.

98. Earnings Season Roundup -

International Paper Reports Q2 Earnings Growth: International Paper reports its second-quarter net earnings grew while net sales for the quarter decreased slightly.

The Memphis-based company, which released its quarterly financial results Wednesday, July 29, said second-quarter earnings totaled $227 million, or 54 cents per share. That’s up from $161 million, or 37 cents per share, in second quarter 2014, but down from $313 million, or 74 cents per share, in first quarter 2015.

99. Trustmark Corp. Reports Second-Quarter Profit -

Trustmark Corp., the parent company of Trustmark Bank, has reported a second-quarter profit of $30.6 million, which represents diluted earnings per share of 45 cents.

100. Speakers Set For Inaugural TEDxMemphis Event -

A few weeks from now, Memphians will have a chance to hear from Kimbal Musk, the brother of billionaire Tesla founder Elon Musk, about his plans for the restaurant and garden concepts he’s bringing to Memphis.