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VOL. TMN-7 | NO. 19 | Saturday, May 3, 2014
Weekly Issue

Across the River

Plans emerge for eco-park in Arkansas

The Arkansas land between the bridges across the Mississippi River at Memphis doesn’t have a name, at least not yet.

Editorial: Gathering at the River Still Part of Our Lives

Where the Mississippi River runs and recedes, it usually leaves more than was there before.

EMPHASIS Commercial Real Estate

Vote of Confidence

Brokers brimming with optimism in office, retail sectors

After experiencing a strong fourth quarter in 2013, confidence in the Memphis office market remains high so far this year.

Area Industrial Market Poised for Solid Year

All signs are pointing toward a strong year for the Memphis-area industrial market.

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

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Massey Looks to Grow CCIM Reach

Shawn Massey is a commercial real estate broker by trade, but he has a burning passion for education.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: May 2-May 8

1950: Among the new privilege licenses listed in The Daily News was one for Martin Stadium, 476 Crump Blvd. The ballpark was the home of the Negro League Memphis Red Sox, named for the owner of the team. The new privilege license was filed three years after Jackie Robinson broke the color barrier in major league baseball, although racial segregation off the field remained a fact of life for many years following Robinson’s integration of baseball.

Poetry in Motion

Darius Clayton promoting city’s underground arts community

Darius Clayton was one of the few people at a recent NAACP political forum who wasn’t running for Shelby County office this year or working for a candidate.

Graceland Hotel First Sign of Expansion Plans

It’s been several years since executives at Elvis Presley Enterprises took an expansion plan to homeowners in Whitehaven.

Eastgate Set for Possible Makeover

A venerable shopping center in East Memphis could be getting a significant makeover, according to a recent retail market report from CB Richard Ellis Memphis.

Carnival Memphis Celebrates Trucking Industry

Trucking industry representatives and employees packed the spacious Tennessee Ballroom at Hilton Memphis, the gleaming glass hotel in East Memphis, for Carnival Memphis’ salute to the trucking industry.

Moon River Music Festival Set for Levitt Shell

When Nashville-based singer-songwriter Drew Holcomb comes back to his hometown of Memphis in June, it will be to launch a music festival at the Levitt Shell.

Coletta: ZIP Codes Don’t Define Destiny

It’s not often you hear a featured speaker identify herself by ZIP code, but that’s just what Carol Coletta did Thursday morning at the ninth annual Alliance for Nonprofit Excellence conference at Temple Israel.

Under the Banner

‘Historically Hip’ Cooper-Young takes steps to define itself

If you’ve made your way to the Cooper-Young Historic District lately, you might have noticed the new banners hanging from street poles throughout the neighborhood.

International Paper Posts $95 Million First-Quarter Loss

Memphis-based International Paper Co. showed a net loss of $95 million for the first quarter of 2014, the company reported Wednesday, April 30.

Early Voting Enters Final Day

The last day of early voting Thursday, May 1, in advance of the May 6 Shelby County primaries finds Democratic partisans questioning each other and faulting election procedures. Meanwhile, Republican partisans have been relatively quiet.

Council Opens Budget Hearings With Cuts

Memphis City Council members opened budget hearings Tuesday, April 29, with no frills presentations from city division directors and leaders of agencies funded by the city.

Sullivan Branding Makes Quartet of New Hires

Businesses that whacked their advertising and marketing budgets a few years ago have started to spend again, which is good news for firms like Brian Sullivan’s.

Employers Get Affordable Care Act Rundown

In a world made more complicated for everyone by the Affordable Care Act, the title of a Wednesday morning seminar at the Crescent Club had to be attractive:

Untapped Potential

Tennessee Brewery draws thousands of visitors in first weekend

Since April 24, a crowd estimated at a few thousand people has flocked to the castle-like structure at 495 Tennessee St. for the chance to hang out at the Tennessee Brewery and enjoy a bar, food trucks, music and good company.

Schools Wish List Comes to $51 Million

Shelby County Commissioners take their first budget vote next month on a $51 million capital list for Shelby County Schools in the current fiscal year.

Imagination Library Celebrates 20 Million Books to Kids

The Books From Birth program, originated in Tennessee, marked its 10th anniversary Monday, April 28, in Memphis with its 20 millionth book going to a 3-year-old girl.

No Annexation Declaration Directs New Path

In seven words last week, Memphis Mayor A C Wharton Jr. got the attention of hundreds of planners who gathered in the city for the “Memphis Boot Camp,” a summit of sorts toward the idea of changing the city’s philosophy and approach to community development and economic development.

Daily News Seminar Looks at State of Economy

The recession that gutted the economy in recent years has, among other things, replaced good, high-paying jobs with jobs that don’t pay especially well.

Rape Kit Backlog Report Tracks Complex Path

The former federal prosecutor investigating the city’s untested rape kit backlog says clearing the backlog will mean more than an investment in testing the rape kits for DNA.

Ride-Sharing Services Launch in Memphis

Competing ride-sharing services Lyft and Uber have landed in Memphis.

Building It for the Long Haul

Orangetheory Fitness looks to keep members committed

Minus the cornfield backdrop, the owners of big-box gyms know that if they build it, the line from “Field of Dreams” will hold up and people will come. They most definitely will come.

Trustmark Bank Opens Headquarters in East Memphis

Trustmark Bank has officially opened its new regional headquarters location in East Memphis.

I Choose Memphis: Jittapong 'JT' Malasri

“I Choose Memphis” spotlights Memphians who are passionate about calling this community home. New Memphis Institute provides the profiles.

SPORTS

Heisley’s Legacy: Believing in Memphis

It is said that the famous have their lives summed up in the first paragraph of their public obituary.

Memorable Sports Week Here, Everywhere

In the NBA, extra time is always available. Well, at least if it’s a playoff series between the Grizzlies and Oklahoma City.

NEWSMAKERS

Miles to Lead Germantown Community Theatre

Michael D. Miles took over as executive director of Germantown Community Theatre Monday, April 28, about two weeks before the theater closes its 2013-2014 season with “A Funny Thing Happened on the Way to the Forum” May 16 to June 1.

REAL ESTATE RECAP

Forest Hill Technology Center Sells for $5.2 Million

3860 Forest Hill-Irene Road, Germantown, TN 38125, Sale Amount: $5.2 million -
An affiliate of Nashville-based real estate investment company Anchor Investments LLC has paid $5.2 million for the Forest Hill Technology Center at 3860 Forest Hill-Irene Road in Germantown.

SMALL BUSINESS

South Memphis Fence Grows Through Founder’s Experience

LOCAL COLUMNISTS

The Heartbreak Hotel

HEARTBREAK HOTEL. ON THE EDGE OF THINGS. “They’re calling this area The Edge, and it’s about to explode,” Ben said.

Negotiation 101

Negotiation is one of my favorite topics. You negotiate things every day – from which movie to watch to what to eat for dinner. At work, your ability to negotiate can hit close to your wallet.

Paying for the College Dream

Ray’s Take: Education is one of the greatest gifts you can give, and the value is clearly calculable. It’s also something that deserves a serious conversation.

You Ought to Be in Puzzles

Dear Judge Vic, Do you believe in hiding messages in a crossword puzzle – like for birthdays, anniversaries, weddings, and such? Curious.”

Are Traditional Websites Dead?

While reports of the death of corporate websites have been exaggerated, there’s no denying that traditional sites are experiencing significant traffic declines.

Low Expectations Catch Up With Reality

There is no better propellant for a market than low expectations. The S&P 500 has gained roughly 3.5 percent during this earnings season as expectations recalibrated with reality.

Fundraising Reports: Clarity or Obfuscation?

Fundraising reports can communicate progress toward agreed-upon goals. They can also take a lot of time to produce. They can be confusing. They can have too much detail, or too little. They can engage and energize. They can also obfuscate.

Go Deep or Go Home

We meet companies and nonprofits who have been marketing to the same lists for years. Often, these lists and the assumptions about the people on their lists are more than a decade old. These aged lists may have been scrubbed, but that is simply for those who have fallen off the grid, one way or another. This point should be obvious to any reader of this column: there are major problems with this scenario.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 180 11,618
MORTGAGES 81 223 15,202
FORECLOSURE NOTICES 0 47 2,958
BUILDING PERMITS 0 392 27,646
BANKRUPTCIES 89 217 11,179
BUSINESS LICENSES 0 37 4,075
UTILITY CONNECTIONS 0 323 16,809
MARRIAGE LICENSES 0 43 3,507

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