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VOL. TMN-6 | NO. 45 | Saturday, November 2, 2013
Weekly Issue

Campus Connections

U of M, neighborhood stakeholders collaborate on real estate moves

The University of Memphis is in the early stages of updating its campus master plan, and it will seek input from its neighbors as it moves into its next century of higher education.

Editorial: Plans Must Target Right Demographic

The commercial real estate development on the Highland Avenue border of the University of Memphis is both ambitious and challenging in its scope.

‘Pro-Business Environment’

DeSoto County continuing role as commercial real estate hotbed

The explosive population growth and business-friendly environment in DeSoto County have combined to transform its formerly sleepy suburbs into thriving retail and industrial development centers.

East Memphis Office Market Continues to Tighten

Class A office space in East Memphis continues to be a strong performer thanks to the convenience and quality of buildings radiating from the Poplar/Interstate 240 intersection.

Community Improvement at Heart of Conrad’s Goals

Since Kemp Conrad, principal with Cushman & Wakefield/Commercial Advisors LLC, took the position as president of Commercial Advisors’ asset services – a leading third-party provider of leasing, property management and project management services – revenues have increased by 215 percent.

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Apartment, Retail Markets Holding Steady

The Memphis area multifamily and retail markets continue to chug along, with the newer, more upscale products in each sector propping up both overall markets.

SMALL BUSINESS SPOTLIGHT

Crosstown Developers Eye Project’s ‘Magic in the Mix’

It would seem the only thing that might hold up the locomotive that is the Sears Crosstown $180 million renovation at this point is a much-needed $15 million from the city of Memphis.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: November 1-7

2012: On the front page of The Daily News, Memphis-based International Paper Co. confirmed it was exploring its options in expanding its Memphis headquarters, including looking at relocating in other cities. The company’s leaders later decided to expand the Memphis footprint in the Poplar Corridor with another building in the complex near Poplar Avenue and Massey Road.

Sebelius Brings Health Care Talk to Town

Forty-eight hours after a congressional committee grilled her over problems related to the new health insurance website, U.S. Health and Human Services Secretary Kathleen Sebelius was in Memphis, flanked by defenders.

Growth Story

EM Printing continues to expand with Jaco-Bryant acquisition

Bartlett-based EM Printing, which earlier this month completed the acquisition of rival commercial printing company Jaco-Bryant Printers Inc., has come a long way in the three decades since Ken Quick started the business in the 300-square-foot garage behind his parents’ home.

Retiring Moore ‘Transformed’ Chamber

When John W. Moore took the reins of the Greater Memphis Chamber in 2005, the organization was at the end of its latest economic development campaign and financial resources were strained.

Contractors Warn of Bad Surety Bonds

A rash of bad construction project surety bonds in three states and American Samoa landed at Memphis International Airport this summer with plans to demolish the Regency Hotel on the grounds of the airport.

Healthy Memphis Common Table Marks 10 Years of Promoting Health

With a motto of “eat healthy, eat less and move more,” Healthy Memphis Common Table (HMCT) has made its mark in the local community during the past decade, encouraging the public to lead healthier lifestyles and to “get activated” with their health and health care options.

Current Elections Merge With Future Campaigns

The campaigns for elections in 2013 are beginning to overlap with campaigns on the ballot in 2014.

Health Coverage

Little Clinic adds locales, expands presence inside Kroger stores

The Little Clinic is opening its sixth and seventh limited-care clinics in the Memphis area this month as part of a growth plan that includes 30 new Little Clinics opening in Kroger stores in 2013.

Building Negotiations Likely to Stray for Schools

The Shelby County Schools board approved a specific framework Monday, Oct. 28, for negotiations with each of the future six suburban school systems on school buildings within their boundaries.

Evolve Bank & Trust Honored for Creating Jobs

Memphis-based Evolve Bank & Trust generated 203 jobs from Jan. 1, 2012, through June 30 of this year, a feat that was honored in Inc. Magazine’s second annual Hire Power Awards.

EDGE Board Remains on Political Hot Seat

The next time Shelby County Commissioners gather to talk over funding for the Economic Development Growth Engine, they hope to have EDGE leaders and city leaders in their committee room.

Agape Brings Back Holiday Card Sets

Agape Child & Family Services is bringing back its Pictures of Hope holiday card sets fundraiser from last holiday season, and the sets are the result of a nationally sponsored program targeting children in need.

Comics Universe

Third Memphis Comic and Fantasy Convention set for mid-November

As he raised his four children, Joe Thordarson increasingly thought about the important roles that art and literature played in education.

AV Artistry Opens New Design Studio

Memphis-based AV Artistry, which has opened a new design studio that showcases its ability to do everything from basic entertainment system installations to helping outfit the most high-tech of man caves, knows its customer base well.

Martin Doesn’t Address Permanent Presidency Talk

There is sentiment for University of Memphis interim president Brad Martin to drop the “interim” part of the title and become the next permanent leader of the city’s largest higher education institution.

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.

Lunch Offers Networking for Entrepreneurs

Difficult journeys are best undertaken with map in hand – or, barring that, some wisdom from an experienced traveler who has already made the same journey.

Early Voting Opens in Sales Tax Referendum

Early voting opens Friday, Nov. 1, in the citywide referendum on a half percent sales tax hike and the Tennessee House District 91 general election.

Covington Biomass Gasification Plant Online

Covington, Tenn., Mayor David Gordon describes himself as a “confirmed nerd” who enjoys reading scientific papers.

SPORTS

Fuente Keenly Aware of Job’s Ups, Downs

It was a postmortem that sounded like a lot of other postmortems from Liberty Bowl Memorial Stadium.

One Game Way Too Soon to Panic

Outright panic or complete denial? That seems to be the choice.

MEMPHIS STANDOUT

Chandler Takes Center Stage as GPAC Executive Director

For Paul Chandler, all of Memphis is a stage. The executive director of the Germantown Performing Arts Center has made a career of bringing talent to the city and helping to showcase the homegrown sort, as well.

MEMPHIS LAW TALK

Cleveland Brings Legal Skills to PeopleCap

Howard Cleveland has brought a unique set of skills and perspective to his role as principal of PeopleCap, the boutique human resources firm he co-founded in 2012.

MEMPHIS NEWSMAKERS

Williams Honored by Tennessee Urban Forestry Council

Laurie Williams, adult education coordinator at Memphis Botanic Garden, was recently awarded the Tennessee Urban Forestry Council’s President’s Award for her contribution to establishing and maintaining viable community forests in Tennessee. Williams was one of seven individuals the urban forestry council honored this year.

REAL ESTATE RECAP

Hotel REIT Transfers 3 Germantown Properties

7750 Wolf River Parkway Germantown, TN 38138, 9314 Poplar Pike Germantown, TN 38138, 9320 Poplar Pike Germantown, TN 38138 -
Austin, Texas-based hotel real estate investment trust Summit Hotel Properties Inc. has transferred three Germantown hotels to related affiliates for a combined $5.7 million.

LOCAL COLUMNISTS

Boy Oh Boy

SONS AND FATHERS. AND BOYS. His sister never went to the emergency room.

Plan Your Legacy

Ray’s Take Webster defines legacy as “something received from an ancestor or predecessor or from the past.” Our personal legacy is what we are remembered for; the contributions we have made to our family, our community, and our world.

Pronoun Showdown Follow-Up

A while back, I cited a sports item in which two coaches were, respectively, if not respectfully, cited as having said that a matter was “between he and I” and “between me and him.” I asked which coach was correct, pronoun-wise. Boy-oh-boy, did I ever get viewer mail in response!

Investing in the Right Social Media

Part one of a two-part series. For the majority of industries, social media is an essential arrow in a company’s quiver of marketing tools.In fact, more than half of businesses using social media marketing for more than three years report an increase in sales over that period, according to the 2012 Social Media Industry Report.

Stocks March Into Higher Realm

Found: New Highs!

Home Sweet Veterans Home

Earlier this year we were introduced to a group of volunteers who want to ensure that veterans from the Memphis area have access to the services of a Veterans Home that is close to their family, friends and community.

Why Do Strategic Plans Fail?

Most successful businesses have strategic plans, usually created by a talented group of senior management executives or board members and facilitated by a skilled practitioner. Why then do so many good plans fail?

You Should Play to Win in Business

A.G. Lafley, CEO of Procter & Gamble, the keynote speaker at the FedEx Institute of Technology’s Innovation Expo, shared a wealth of insights on leadership and strategy from his experience and his collaboration with Peter Drucker. However, his most impactful message was so simple, many in the audience may have missed it – strategy is about making choices. That’s all there is to it. Make decisions about what business you are in, how you win in this business and then stick to them.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 218 10,440
MORTGAGES 91 293 13,620
FORECLOSURE NOTICES 0 43 2,687
BUILDING PERMITS 0 393 24,700
BANKRUPTCIES 62 184 10,076
BUSINESS LICENSES 25 62 3,798
UTILITY CONNECTIONS 90 338 14,895
MARRIAGE LICENSES 10 68 3,235

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The Memphis News: Business, politics, and the public interest.