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Editorial Results (free)

1. Adams Gets Life Without Parole For Bobo Murder in Sentencing Deal -

UPDATE: After a jury in Savannah, Tennessee convicted Zachary Adams Friday of first degree murder, kidnapping and rape, prosecutors and the defense announced a sentencing agreement Saturday that means Adams will serve life in prison without parole plus 50 years for the 2011 murder of Holly Bobo.

2. Prosecutor: Man Who Killed Holly Bobo Lived In 'Dark World' -

SAVANNAH, Tenn. (AP) – A man who lived in the "dark, dark world" of methamphetamine and morphine abducted a Tennessee nursing student from her rural home in 2011, then drugged, raped and shot her before discarding her body and bragging about it, a prosecutor said Monday.

3. Pottery Studio/Coffee House to Open on Highland Strip -

549 S. Highland St.
Memphis, TN 38122

Lease Size: 2,788 square feet

4. MSCAA Files $100M Building Permit -

With its massive $214 million overhaul currently underway, the Memphis-Shelby County Airport Authority has filed a $100 million building permit application with construction code officials.

A spokesperson with Memphis International Airport said the project’s architects, UrbanArch, filed the permit, which simply cites alterations and additions. Code inspection officials will have to examine the plans.

5. Airport Authority Files $100 Million Building Permit -

With its massive $214 million overhaul currently underway, the Memphis-Shelby County Airport Authority has filed a $100 million building permit application with construction code officials.

A spokesperson with Memphis International Airport said the project’s architects, UrbanArch, filed the permit, which simply cites alterations and additions. Code inspection officials will have to examine the plans.

6. Grizzlies' Schedule Offers Good Chance to See LeBron In Memphis This Season -

The Grizzlies’ 2017-2018 schedule is highlighted by the return of the MLK Game on MLK Day (imagine that) and the one and only visit from the defending NBA champion Golden State Warriors before Halloween.

7. Century Mark -

During a visit to Memphis in April, Andrew Young was talking with reporters about his lengthy public history – being part of Dr. Martin Luther King’s inner circle, a congressman, mayor of Atlanta, U.S. Ambassador to the United Nations. It was as he talked about King’s death in Memphis that Young, without any prompting, talked about a trio of Memphis attorneys – Benjamin Hooks, Russell Sugarmon and A. W. Willis – that were the key to his and King’s efforts to get things done in Memphis and the surrounding region.

8. As FESJC Turns 60, There's No Taking PGA Tour Event for Granted -

This year marks the FedEx St. Jude Classic’s 60th year in Memphis. For decades the annual PGA Tour stop has signaled the start of summer and the arrival of stars ranging from Lee Trevino and Jack Nicklaus to Greg Norman and Phil Mickelson.

9. Lack of Available Labor Defines Workforce Landscape -

If the American South were its own country it would have a larger economy than Germany, which is one of the reasons why coordinating regional workforce efforts in the Mid-South is paramount.

At the second annual RegionSmart Summit Thursday, April 27, hosted by the Mid-South Mayors’ Council, Michael Randle, owner and publisher of Southern Business and Development, shared this and other interesting statistics of the labor force during his presentation.

10. Bartlett Opens Greenway; Ghost River Natural Area Grows -

The city of Bartlett has 29 parks, and every one of them has a walking trail. But the path that formally opens to the public Friday, April 21, at a trailhead at Santa Valley Road and U.S. 64 is Bartlett’s first venture in a full-fledged greenway.

11. Events -

A strategic management seminar presented by Fisher Phillips, Judy Bell Consulting and HR Professionals magazine will be held Tuesday, April 11, from 7:30 a.m. to 5 p.m. at the Crescent Club, 6075 Poplar Ave., Suite 909. Supervisors, managers and HR professionals will learn about how to prevent sexual harassment lawsuits, hire A-players, handle LGBT issues, be an effective leader, and more. Visit hrprofessionalsmagazine.com to register.

12. Memphis Open Tennis Tournament Reportedly Leaving for New York -

The headline at memphisopen.com is now ominous: “2017 Memphis Open Concludes” originally meant that this year’s tournament was done, that Ryan Harrison had won the title in February at The Racquet Club. But on Friday, April 7, news broke that the tournament was leaving for Long Island, N.Y.

13. Events -

The fourth annual Bringing Out the Leaders Networking Event will be held Thursday, April 13, at 6 p.m. at the University of Memphis University Center, 499 University St. College students from across the Mid-South will have the opportunity to connect with top business, community and political leaders at this program sponsored by the nonprofit Setting the Standard Enterprise. Cost is free; registration required. Visit stsenterprise.org.

14. Midtown Residents Bemoan MRG Multifamily Plan -

A nearly century-old neighborhood that was torn in two when Interstate 40 came crashing to a halt at the doorstep of Overton Park is now again on the precipice of change.

Dubbed the Overton Gateway, Makowsky Ringel Greenberg’s plans for a proposed multifamily development at the confluence of Sam Cooper Boulevard and East Parkway received a cold reception from residents of the surrounding Lea’s Woods neighborhood Tuesday evening, March 21.

15. Events -

The fourth annual Memphis Multicultural Career Expo will be held Monday, March 13, from 2 p.m. to 7 p.m. at the Memphis Hilton, 939 Ridge Lake Blvd. The event brings together job seekers from different backgrounds and communities with hiring managers from more than 30 Memphis companies. Attendees are strongly recommended to wear professional attire and bring business cards and copies of their resume. Cost is free; visit careerexpomemphis.com for advance registration and a list of participating employers. 

16. Huber Engineered Woods to Reopen Spring City Facility -

SPRING CITY, Tenn. (AP) – State officials say Huber Engineered Woods plans to reopen its manufacturing facility in Spring City.

Officials say the company, which makes specialty flooring, wall and roof building products for residential and light commercial projects, will create about 140 new jobs in Rhea County with the reopening.

17. Deep South Drought Kills Crops, Threatens Herds, Dries Lakes -

ATLANTA (AP) – Six months into a deepening drought, the weather is killing crops, threatening cattle and sinking lakes to their lowest levels in years across much of the South.

The very worst conditions – what forecasters call "exceptional drought" – are in the mountains of northeast Alabama and northwest Georgia, a region known for its thick green forests, waterfalls and red clay soil.

18. Olympus to Begin Building New National Service Center -

Olympus Surgical Technologies is soon to break ground on a $12 million East Coast National Service Center in Bartlett.

The 110,000-square foot facility, to be built by Chris Woods Construction Co., is set to be completed April 2017. The service center will bring more than 280 jobs.

19. Olympus to Break Gound On New Service Center July 14 -

Olympus Surgical Technologies is soon to break ground on a $12 million East Coast National Service Center in Bartlett.

The 110,000-square foot facility, to be built by Chris Woods Construction Co., is set to be completed April 2017. The service center will bring more than 280 jobs.

20. It’ll Leave A Mark -

THE MARKS WE’RE LEAVING. People were hooking up, shooting up and throwing up in the woods, on benches and in cars and right in front of children on the greensward. Like the weeds, pretty much everywhere. Like the privet, pretty much out of control. Like the shell and the rose garden and the lake and the forest and the picnic grounds and the pride of a city, pretty much left for dead.

21. SCS Board Eyes Three Charter School Closings -

Shelby County Schools board members voted Tuesday, April 26, to close three Memphis charter schools performing in the bottom 5 percent of all schools statewide in terms of student achievement.

And the board set in motion a series of public hearing on closing two conventional high schools – Northside and Carver – as well as the Messick Adult Center.

22. SCS Board Votes To Close Three Charters -

Shelby County Schools board members voted Tuesday, April 26, to close three Memphis charter schools in the bottom five percent of all schools state wide in terms of student achievement. And the board set in motion a series of public hearing on closing two conventional high schools – Northside and Carver -- as well as the Messick Adult Center.

23. Only One School Board Seat Contested -

It’s usually filing too close to the deadline that ends up shedding potential candidates from local election ballots.

That is the case with two would-be challengers to a pair of Shelby County Schools board incumbents on the Aug. 4 ballot.

24. Two More August School Board Races Go Uncontested -

It’s usually filing too close to the deadline that ends up shedding potential candidates from local election ballots.

That is the case with two would-be challengers to a pair of Shelby County Schools board incumbents on the Aug. 4 ballot.

25. August Primaries Feature Intra-Party Challenges -

Two years after a disastrous slate of races for countywide offices, there is a move among younger Democratic partisans in Memphis to shake up the Democrats who represent the city in the Tennessee Legislature.

26. 8th Congressional District Primaries Draw 22 Contenders, 13 Republican -

The Republican primary race to fill the 8th District Congressional seat Republican incumbent Stephen Fincher is giving up drew a field of 13 contenders – seven from Shelby County and four from Jackson, Tennessee – at the Thursday, April 7, noon filing deadline for the Aug. 4 ballot.

27. Arts-Focused Ignite Memphis Event Coming to Playhouse -

Playhouse on the Square in a few weeks will host a gathering of creatives and young Memphis professionals who share a love of the arts in Memphis.

It’s a new version of the popular “Ignite Memphis” series of events, held regularly at popular hotspots around the city, during which a group of participants make quick-hit presentations on lots of different topics. And this time around, for the Ignite event on April 4, there’s a new focus.

28. Candidates Already Gearing Up For August Elections -

The ballot for the March 1 Tennessee presidential primaries and county primaries for General Sessions Court Clerk was set while many voters were focused on the holidays and preparations for the new city leaders taking office in January.

29. US Homebuilder Sentiment Improves in August -

WASHINGTON (AP) — U.S. homebuilders grew slightly more optimistic about the housing market in August, putting their confidence at levels last seen a decade ago during the debt-fueled housing boom.

30. Onyx Equities Expands Operations to Memphis -

A New Jersey-based real estate investment, management and development firm has added a Memphis office to accommodate its growing management portfolio of real estate owned (REO) and receivership properties.

31. Onyx Equities Expands Operations to Memphis -

A New Jersey-based real estate investment, management and development firm has added a Memphis office to accommodate its growing management portfolio of real estate owned (REO) and receivership properties.

32. Different Strokes -

Five years ago, Jim Napolitano left Hillwood Country Club in Nashville to become general manager at Chickasaw Country Club. The economy was still wheezing and Chickasaw, which received its charter in 1922 – or two years after the 19th Amendment gave women the right to vote – was trapped in a time warp.

33. Germantown Leaders Exploring Elementary School Possibilities -

When Germantown Municipal School District leaders began talking openly last week about new school construction, they did so cautiously, keeping in mind similar recent discussions in Lakeland and Collierville.

34. Germantown Schools To Look At New Elementary School -

The Germantown Municipal School District is going to explore building a new elementary school and several options for adding onto an existing middle schools.

Germantown schools superintendent Jason Manuel talked publicly for the first time about the possibility Thursday, May 28, at a special meeting of the city’s school board.

35. Germantown Parkway Parcels Sell for $3.4 Million -

789 and 725 N. Germantown Parkway
Memphis, TN 38018
Sale Amount: $3.4 million

36. Shelby County Schools Seeks New Funding for Classroom Investments -

The bottom line on the Shelby County Schools budget proposal headed to Shelby County Commissioners is $973.5 million, but the dollar figure commissioners will be considering is $14 million.

That’s the amount of new funding the system is seeking from county government for the fiscal year that begins July 1. Otherwise, the school system’s budget is balanced.

37. Wal-Mart Moves Forward With New Supercenter -

6790 Raleigh Lagrange Road
Memphis, TN 38134
Permit Amount: $600,000

Permit Application Date: April 2015
Owner: Wal-Mart Stores Inc.
Tenant: Wal-Mart Stores Inc.
Architect: Carlos Perez
Details: Wal-Mart Stores Inc. is moving forward with plans for a new supercenter near Interstate 40 and Whitten Road.

38. Woods at Ridgeway Buyer Files $15.2 Million Loan -

The buyer of the Woods at Ridgeway, an apartment community near the northeast corner of Ridgeway and Knight Arnold roads, filed a $15.2 million loan in association with the recent $18.5 million purchase of the community from an affiliate of Michigan-based ROCO Real Estate.

39. Drug Deal Murder Brings Interstate Commerce Violation -

Robbing a drug dealer can be a federal crime.

James Earl McCracken and the street gang he reputedly heads robbed and killed a man McCracken allegedly believed to be a drug dealer in July 2011, according to a Memphis federal grand jury.

40. Prep Coaches, Players Sold on Jones the Recruiter -

Nothing surprises Murfreesboro Blackman High School football coach Philip Shadowens when it comes to college recruiting.

Shadowens has seen it all – including the flurry of activity created by Blackman senior quarterback and safety Jauan Jennings, rated the No. 18 athlete in the nation by Rivals.com.

41. Old School, New Day -

Vasco Smith remembers working the polls at Fairview Junior High School in the 1960s as a child. His job was simple – to hand out campaign literature and not stray within the 100-foot limit by law between poll workers and the polling place in the gymnasium.

42. BuzzFree Mosquito Keeps Properties Free of Pests -

Lisa Thomas was well-aware of how relentless the mosquitoes could be. For several years, her family lived in the Mississippi Delta.

43. Hopson Pushes Realignment, New Goals in Budget -

After hearing from more than a dozen citizens Tuesday, April 22, including some who quoted Dr. Martin Luther King Jr. in their arguments against specific Shelby County Schools budget cuts, superintendent Dorsey Hopson had his own quote from the civil rights leader.

44. Pinnacle Apartments Sell for $3.8 Million -

305 S. Bellevue Blvd.
Memphis, TN 38104
Sale Amount: $3.8 million

Sale Date: April 8, 2014
Buyer: Pinnacle Apartments Property Owner LLC
Seller: Bellevue Tower II LLC
Loan Amount: $3.4 million
Loan Date: April 11, 2014
Maturity Date: May 1, 2019
Lender: JPMorgan Chase Bank NA
Details: An affiliate of Woodbury, N.Y.-based CLK Properties has paid $3.8 million for the 118-unit Pinnacle Apartments at 305 S. Bellevue Blvd. in Midtown.

45. Pinnacle Apartments Sell for $3.8 Million -

An affiliate of Woodbury, N.Y.-based CLK Properties has paid $3.8 million for the 118-unit Pinnacle Apartments at 305 S. Bellevue Blvd. in Midtown.

46. Archer-Malmo Adds Staff, Expands Downtown -

For Memphis-based marketing communications agency archer-malmo, the story has been consistent, with a trajectory that seems to only go in one direction.

The firm, says CEO Russ Williams, is “on another big growth surge here.”

47. Schools Leaders Outline Budget Goals -

The Shelby County Commission and Shelby County Schools leaders eased into what is likely to be the most difficult discussion of county government’s budget season – funding the county’s school district in the first academic year of the demerger.

48. Ignite Memphis Doubling Event Capacity -

Ignite Memphis, an event at which Memphis creatives give a series of slide-based presentations on a range of diverse topics, sold out its gathering in November.

That’s why the next incarnation of Ignite is more than doubling its venue capacity by moving from Crosstown Arts to Playhouse on the Square, where 12 speakers next week will challenge, inform and perhaps inspire the crowd that’s come to hear them.

49. Georgian Woods Apartments Sell for $3.9 Million -

118 St. Agnes Drive
Memphis, TN 38112

Sale Amount: $3.9 million

Sale Date: March 14, 2014

Buyer: Georgian Woods Property Owner LLC

50. Church Health Center Symposium Set for April -

The 2014 Westberg Symposium, “Stronger Together: Partnerships in Health Ministry,” will be held April 24-27 at Whispering Woods Hotel and Conference Center in Olive Branch.

Faith community nurses, coordinators, clergy, chaplains, health ministers, health promoters and educators, and others involved in health ministry are encouraged to attend.

51. Church Health Center Symposium Set for April -

The 2014 Westberg Symposium, “Stronger Together: Partnerships in Health Ministry,” will be held April 24-27 at Whispering Woods Hotel and Conference Center in Olive Branch.

Faith community nurses, coordinators, clergy, chaplains, health ministers, health promoters and educators, and others involved in health ministry are encouraged to attend.

52. Ruling Sets School Board Membership at Nine -

No local elected body in Shelby County has changed as many times in as short a period of time as the Shelby County Schools board.

The federal court order Tuesday, March 11, by U.S. District Judge Samuel “Hardy” Mays approving the restructure of the school board to a nine-member body effective Sept. 1 will mark the third change in the school board in three years when it takes effect following August school board elections.

53. Mays Approves 9-Member County Schools Board -

With two rulings in as many days, U.S. District Judge Samuel “Hardy” Mays this week cleared his schedule of any pending matters in the reformation of public education in Shelby County.

Mays approved the restructuring of the Shelby County Schools board Tuesday, March 11, to a nine-member body with districts that include the city of Memphis and unincorporated Shelby County but not the six suburban towns and cities.

54. 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.

55. County Commission Delays Schools Redistricting -

With candidates in the August Shelby County Schools board elections already a month into their filing period, the Shelby County Commission delayed Wednesday, Feb. 5, any vote on changes in the number of seats on the school board as well as the district lines until its Feb. 24 meeting.

56. FBI Questions Surprise Local Politicos -

As harsh as the criticism has been of the way the Shelby County Election Commission conducted elections in 2012, no one, including those who filed two Chancery Court lawsuits over the results, have said or presented proof it was intentional.

57. School Board Makes Hopson's Superintendent Role Permanent -

Somewhere around the time he underwent his first trial by fire – presenting the school system’s budget to the Shelby County Commission for approval – Dorsey Hopson began rethinking whether he was interested in being the superintendent of the consolidated school system on a long-term basis.

58. Whalum Election Lawsuit Gets May 21 Trial Date -

A challenge of the August election results by countywide school board member Kenneth Whalum Jr. is scheduled to go to trial May 21 in Shelby County Chancery Court. Chancellor Kenny Armstrong set the trial date Monday, April 29, during a status conference at the Shelby County Courthouse.

59. Whalum Election Lawsuit Gets May 21 Trial Date -

A challenge of the August election results by countywide school board member Kenneth Whalum Jr. is scheduled to go to trial May 21 in Shelby County Chancery Court.

Chancellor Kenny Armstrong set the trial date Monday, April 29, during a status conference at the Shelby County Courthouse.

60. New Schools Computer System Behind Schedule -

One of the earliest items on the schools merger checklist was a new computer system that would handle the payroll and other human resources needs of Shelby County’s two school systems once they become one at the start of the new fiscal year July 1.

61. Reaction Mixed to School Closings Plan -

There is a joke going around among school administrators across the country in the wake of the decision by Chicago school leaders to close more than 50 schools there.

“What do you call a superintendent who closes schools?” countywide school board member Kevin Woods began in telling the joke at the Tuesday, April 23, board meeting. “You call him a past superintendent.”

62. Canterbury Woods Owner Files Loan on Property -

The owner of the 400-unit Canterbury Woods apartments at 6520 Macon Road has filed a $9.8 million loan on the property.

63. School Board Restructuring Plan Goes to Mays -

On the way to U.S. District Court for the Western District of Tennessee Judge Samuel “Hardy” Mays is a plan by the Shelby County Commission to convert the countywide school board to a 13-member single-district body effective Sept. 1.

64. County Commission Weighs School Merger Changes -

Shelby County Commissioners might discuss Monday, March 18, the idea of restructuring the countywide school board for a third time in the last year and a half.

But they are likely to delay action on a resolution that would create a 13-member school board effective Sept. 1 by appointing six new members to go with the seven existing members.

65. Fewer US Banks Fail as Industry Strengthens -

WASHINGTON (AP) – U.S. banks ended 2012 with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They're helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.

66. April Retail Sales Worst Since 2009 -

NEW YORK (AP) – Americans' spending – much like the economy – continues to yo-yo.

Major retailers such as Costco and Macy's reported on Thursday that April revenue rose less that 1 percent in the worst performance since 2009 when the U.S. economy was just coming out of a bad recession.

67. Homes Part of North Memphis Revitalization -

Usually Self + Tucker Architects do the design work and planning for someone else who is the developer.

But in an open lot on the north side of Chelsea Avenue at Leath Street, seven single- family homes to come in the next year will be the architecture firm’s first steps into developing.

68. School Board Races Set -

The chairman of the countywide school board, Billy Orgel, has effectively won election to his District 7 school board seat without opposition.

Five other incumbents appointed to the seven-district school board seats by the Shelby County Commission filed for re-election at the Thursday, April 5, filing deadline.

69. Cohen-Hart in Congressional Race at Filing Deadline -

The chairman of the countywide school board, Billy Orgel, was effectively elected to his District 7 school board seat without opposition at the Thursday, April 5, filing deadline for candidates on the Aug. 2 primary and general election ballot in Shelby County.

70. New Moon Tackles Madness of ‘Lear’ -

Familial deception, failing political power and one man’s disintegrating psyche combine to form one royal mess in an upcoming New Moon Theatre Co. production. William Shakespeare’s “King Lear,” which has been called an “unstageable” play, will open at TheatreWorks on Friday, April 6.

71. Deadline Looms for Complex Aug. Elections -

The August elections were already going to be more complex than usual. There are the changes from this year’s drawing of new district lines for the Tennessee Legislature and the U.S. House of Representatives.

72. Construction Loan Filed To Develop Lamar Crossing -

2881 Lamar Ave.
Memphis, TN 38114

Loan Amount: $5.4 million

Loan Date: March 1, 2012

73. Construction Loan Filed for Lamar Crossing Apts. -

A $5.4 million construction loan has been filed for Lamar Crossing Apartments at 2881 Lamar Ave., a complex that in recent years has been held by a number of owners and the subject of multiple development efforts.

74. Following Primary, Races Point to August -

Two days after all the votes were counted in the Tennessee presidential primary, state Republican Party leaders had already worked out how many of the state’s at-large delegates would go to their top three candidates.

75. Cushing’s Day Gig for ‘Betterment of Humanity’ -

In February, senior research assistant Richard Cushing began working with the Pathology Department of the University of Tennessee Health Science Center in the Tissue Services Core and Repository.

The repository is a warehouse of more than 3 million pieces of human tissue from hearts, lungs, kidneys and livers, as well as biopsies of various types of tumors. The samples are available to doctors, researchers and students to conduct studies on and compare to those of a patient’s.

76. In the Bag -

Last September Kroger Co. purchased nine Memphis-area Schnucks grocery stores.

Eight of the stores reopened as Kroger and the ninth remained vacant.

77. Lamar Crossing Apts. Changes Owners Again -

2881 Lamar Ave.
Memphis, TN 38114
Loan Amount: $3.5 million

Loan Date: Oct. 7, 2011
Maturity Date: n/a
Borrower: Lamar Apartments LP
Lender: Nessko TN LLC

78. Hacks Cross DQ Site Sells for $865,000 -

Collierville-based Mid South Food Enterprises Inc. has bought the site of a Dairy Queen Grill & Chill fast-food restaurant at 4265 Hacks Cross Road from Olugbenga Faleye and Adeola Faleye for $865,000. The property is in Southeast Shelby County’s 38125 ZIP code.

79. Difficult Work Follows Debt Deal -

The consensus among a variety of financial service professionals in Memphis who were questioned in advance about the outcome of the debt ceiling deal seems to have been proven right.

Lawmakers engineered a delicate compromise at the 11th hour. The nation’s borrowing capacity has been expanded, but programs elsewhere have been trimmed. Everyone at the negotiating table walked away with a win. And everyone at the negotiating table also lost something.

80. Q2 Mortgage Counts Fall 24 Pct. -

A slide in mortgage activity between April and June, coinciding with a plunge in home sales, adds up to a housing market in Shelby County that’s still shell-shocked.

And whether or not anyone wants to believe the picture will improve anytime soon, significant headwinds still abound. Fixed mortgage rates are on the rise, and joblessness is still a drag on not only housing but the economy at large.

81. Fewer Opportunities -

During a national online news conference last month, Associated Builders & Contractors chief economist Anirban Basu said although employment in the construction industry has expanded over the past four months, the nation’s construction industry recovery may be two years away.

82. ‘Glass Half Full’ -

The Nashville-area recording studio Robin Crow created has played host to such marquee acts as Faith Hill, Neil Diamond, Jewel and Taylor Swift. It’s where the band Matchbox 20 will be recording soon.

83. Miller Amasses More Foreclosures -

More foreclosures have piled up against developer and homebuilder David Miller, who filed for Chapter 7 bankruptcy in May.

84. UBS Analyst Upgrades FedEx, UPS to ‘Buy’ -

A UBS analyst raised his ratings on shares of FedEx Corp. and UPS Inc. to “Buy” on Thursday, saying the world’s two largest package delivery companies may be out of the economic woods and heading for a growth spurt.

85. Cautious Optimism -

Industrial real estate, which thrives whenever companies choose one of the city’s numerous warehouses and distribution centers to store their goods, plays a significant role in Memphis’ economy.

So as the recession improves and consumerism rebounds, the industrial sector is bound to show improvement as will the city’s financial climate.

86. New Oil Numbers May Mean More Environmental Damage -

HOUSTON (AP) — New numbers showing the amount of oil gushing from a well in the Gulf of Mexico may be double as much as previously thought means the crude is likely to travel farther away, threatening more birds, fish and other wildlife that call the fragile waters their home, scientists said Friday.

87. Factory Orders Strengthen, Home Sales Contracts Up -

WASHINGTON (AP) — A surprisingly busy month for U.S. factories and a surge in home buying are the latest signs that the economic recovery is picking up.

Orders to U.S. factories rose 1.3 percent in March, the Commerce Department said Tuesday. That was much better than the 0.1 percent decline analysts had expected. Excluding the volatile transportation sector, orders gained 3.1 percent, the biggest increase since August 2005.

88. Schoolhouse Shuffle -

On a cold February morning, a group of excited parents clustered in a tent in back of Kate Bond Elementary School.

89. More Locations Help Jumpstart Early Voting -

Early voting got a jolt on the first two days of balloting at 20 satellite sites and so did participation in the Republican county primaries.

The early voting period in advance of the May 4 election runs through April 29.

90. State Files Permit to Replace Oakhaven Driver Service Center -

3200 E. Shelby Drive
Memphis, TN 38118
Permit Amount: $2.6 Million

Project Cost: $2.6 million
Permit Date: Applied April 2010
Completion: End of 2010
Owner: State of Tennessee
Tenant: State of Tennessee Department of Safety
Contractor: Mayer Construction Co. Inc.
Architect: Looney Ricks Kiss Architects Inc.

91. Wolfchase Macaroni Grill Sells for $1.9 Million -

The Romano’s Macaroni Grill at 2859 N. Germantown Parkway in the Wolfchase area sold in an April 14 special warranty deed for $1.9 million to King Chow and Jasmine Lin of Cordova.

92. Bernanke: Housing, Jobs Biggest Economic Hurdles -

WASHINGTON (AP) - Problems in the housing market and high unemployment are the biggest economic challenges the nation faces, Federal Reserve Chairman Ben Bernanke said Wednesday.

After suffering through the worst recession since the 1930s, the economy seems to have stabilized and is growing again, Bernanke said. But he warned: "We are far from being out of the woods. Many Americans are still grappling with unemployment or foreclosure or both."

93. Initial Jobless Claims Increase Unexpectedly -

WASHINGTON (AP) - The number of newly laid-off workers seeking unemployment benefits rose last week, a sign that jobs remain scarce even as the economy recovers.

The increase also may result from the difficulty the U.S. Labor Department has in seasonally adjusting the claims around the Easter holiday, which falls on different weeks each year.

94. Smith & Nephew Closes Deal On Former Harrah’s Office Building -

7216 Goodlett Farms Road
Unincorporated Shelby County
Sale Amount: $14 Million

Sale Date: Jan. 13, 2010
Buyer: Smith & Nephew Inc.
Seller: Harrah’s Operating Co. Memphis LLC

95. Bank of Bartlett Reclaims Latting Road Acreage -

The Bank of Bartlett has bought back 86.63 acres along Latting Road in unincorporated northeastern Shelby County in a successor trustee’s deed following a foreclosure of the property. The bank on Dec. 31 paid $2.5 million for the land from successor trustee Douglas M. Alrutz of Wyatt, Tarrant & Combs LLP on the steps of the Shelby County Courthouse.

96. Ex-NBA Player Gets $1.5M in RMK Fund Dispute - A retired professional basketball player has won what may be the largest award yet from a financial industry panel hearing claims involving a group of former Regions Morgan Keegan mutual funds.

Four-time NBA champion Horace Grant has won almost $1.5 million in an arbitration claim he filed over his losses in the RMK funds.

In his statement of claim, Grant said he suffered losses of almost $1.5 million in some of Morgan Keegan & Co. Inc.’s “highly speculative proprietary funds, which were not in (his) best interest.” A Morgan Keegan spokesman was not immediately available for comment.

Grant, who retired in 2004, played as a power forward for the Chicago Bulls in the 1990s alongside star players Michael Jordan and Scottie Pippen. He was playing for the Los Angeles Lakers when he retired.

Grant’s attorney, Chicago securities lawyer Andrew Stoltmann, said Grant had wanted a stable place to park his money so it would provide a steady income for his retirement years. His statement of claim says Grant was familiar with Regions Bank and “trusted the Morgan Keegan name.”

Memphis-based Morgan Keegan is a subsidiary of Alabama-based Regions Financial Corp.

Offense and defense

New York-based Hyperion Brookfield Asset Management last summer took over the troubled RMK funds, several of which lost the majority of their value in a staggering fall beginning in 2007.

“What (Grant) got was a derivative-laced, hedge-fund-like investment that lost 90 percent of its value,” Stoltmann said. “He’s a guy who retired from the NBA and wanted conservative, stable investments so he could live off of that money.”

A Financial Industry Regulatory Authority (FINRA) panel made the decision in Grant’s case. Generally, the FINRA panels don’t explain their decisions.

FINRA panels have announced several big dollar RMK-related awards this year, with some of them going to prominent investors.

Memphis native and baseball broadcaster Tim McCarver was awarded $100,000 in compensatory damages in February stemming from his RMK losses.?A former NFL player for the Kansas City Chiefs, Memphis native Jerome Woods, won $950,000 this year after filing an arbitration claim over his RMK losses.

Referring to a FINRA panel’s decision about Woods’ claim, Morgan Keegan spokeswoman Kathy Ridley said in April: “Overall results support our belief that there were no improprieties in the management of these funds. We plan to continue a vigorous defense of all claims.”

...

97. US Thrifts Earn $4M in Q2 -

WASHINGTON (AP) – U.S. thrifts eked out a $4 million profit in the second quarter, but the number of troubled institutions continued to rise, the government reported Wednesday.

The Office of Thrift Supervision said the small profit in the April-June period marked the industry's first positive earnings since the third quarter of 2007. It compared to a loss of $5.4 billion in the year-ago period, and $1.62 billion in the first quarter of this year.

98. Leading Economic Indicators Up More Than Expected -

NEW YORK (AP) - A private research group's forecast of economic activity rose in May by the largest amount in more than five years, the latest sign that the recession is easing.

The Conference Board said Thursday that its index of leading economic indicators – designed to forecast activity in the next three to six months – rose 1.2 percent, the biggest gain since March 2004. Economists surveyed by Thomson Reuters expected a 0.9 percent increase in May. The April reading was revised to a 1.1 percent gain from 1 percent, the first back-to-back increases since 2006.

99. Fed Official: Recovery Will Be ‘Very Slow Slog’ -

Americans should brace themselves for a slow recovery back to health after the recession ends, with unemployment likely to hit the double digits, a Federal Reserve official said Friday.

Consumers here and abroad – fearful of losing their jobs or homes – likely will remain cautious spenders, said Richard Fisher, president of the Federal Reserve Bank of Dallas.

100. April Layoffs Slow to 539K -

WASHINGTON (AP) – The pace of layoffs slowed in April when employers cut 539,000 jobs, the fewest in six months. But the unemployment rate climbed to 8.9 percent, the highest since late 1983, as many businesses remain wary of hiring given all the economic uncertainties.