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VOL. 128 | NO. 103 | Monday, May 27, 2013
EMPHASIS Commercial Real Estate

‘All Options Open’

One Commerce Square stakeholders look to backfill Pinnacle space

It’s been almost two years since Pinnacle Airlines moved more than 600 employees into the One Commerce Square building Downtown.

Optimism Returns to Industrial Market

Following the bloody recession and its brutal aftermath, one word has begun to creep back into the local industrial real estate lexicon: optimism.

Building Relationships Key to Barden’s Success

For Will Barden of Colliers International, cultivating his network of relationships is vital to his success over the past 16 years in the Memphis office real estate market.

Bunker, Hart Clash on Merger Future

One of the most vocal critics of the countywide school board’s $1.18 billion budget proposal says the schools merger is imposing a failed education formula on legacy Shelby County Schools.

Local Weather
Today
Memphis, TN
75°F
Light Rain
Wind: 9 mph
Humidity: 89%

EVENTS

The Daily News’ offices will be closed Monday, May 27, in observance of Memorial Day. Offices will reopen Tuesday, May 28, at 8:30 a.m. and remain open through normal business hours.

more events »

FDA Could Oversee Some Compounds

A Senate panel on Wednesday, May 22, approved a bill that would tighten oversight of specialized compounding pharmacies and bring them under Food and Drug Administration control.

Duncan-Williams Films New Concert Promo Video

From the moment a video camera captured Duncan-Williams Inc.’s president stepping off the elevator last year belting out “Saturday in the Park,” it was clear the investment firm’s promotional videos for the Live at the Garden concert series would be out of the box.

SMALL BUSINESS SPOTLIGHT

Shopping Center Group Sees Retail Starting to Rally

The Shopping Center Group is seeing activity perk up a bit in 2013 following several years of sluggishness in the local retail market due to the recent recession.

REAL ESTATE RECAP

Former Ike’s on Summer Sells for $2.7 Million

4569 Summer Ave. Memphis, TN 38122

LOCAL COLUMNISTS

We Must Stop Meeting Like This

I’m going to get all literary on you today and make the statement that business meetings remind me of the classic opening sentence of Dickens’ “A Tale of Two Cities.” “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.”

Withdraw From Funds With Care

Ray’s Take While you’re allowed to withdraw funds from your tax-qualified plans as early as age 59 1/2, many people delay making withdrawals until they have to, at age 70 1/2. There certainly can be advantages to deferring that tax liability those extra years if there are other assets available for retirement. However, if you fail to make required minimum withdrawals (RMDs) then, the penalties are substantial – a whopping 50 percent tax above the regular income tax.

STATEWIDE

FDA Warns of Infections Tied to Tennessee Pharmacy

WASHINGTON (AP) – Health officials are investigating cases involving patients who suffered complications after being injected with potentially contaminated medications made by a Tennessee specialty pharmacy.

STATE GOVERNMENT

Two Appellate Court Judges are Stepping Down

NASHVILLE (AP) – Two Tennessee appellate court judges have notified Gov. Bill Haslam that they will not run for another term on the bench in the August 2014 retention election.

NATIONAL BUSINESS

Summer Travel Forecast: Better, but No Blowout

NEW YORK (AP) – This summer, high rollers are flying to lavish hot spots for their vacations. The rest of us are driving to less luxurious places like nearby campgrounds.

HEALTH CARE

Some Unions Now Angry About Health Care Overhaul

WASHINGTON (AP) – When President Barack Obama pushed his health care overhaul plan through Congress, he counted labor unions among his strongest supporters.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 238 10,116
MORTGAGES 103 297 13,172
FORECLOSURE NOTICES 20 60 2,598
BUILDING PERMITS 192 562 24,086
BANKRUPTCIES 75 227 9,760
BUSINESS LICENSES 20 71 3,674
UTILITY CONNECTIONS 126 390 14,353
MARRIAGE LICENSES 15 68 3,131

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