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VOL. 129 | NO. 88 | Tuesday, May 6, 2014

FedEx Consolidates Office Space

For months, commercial real estate brokers have been watching closely for any signs that might hint at what FedEx Corp. and its subsidiaries will do with the hundreds of thousands of square feet of commercial space the Memphis-based company leases across the area.

Primary Choices

Tuesday’s ballot includes 24 positions

Shelby County voters will begin the process Tuesday, May 6, of electing a majority of new members to a Shelby County Commission that will also change to a set of 13 single-member districts when the winners take office on Sept. 1.

Germantown School Board Approves Budget Without Shared Services

The Germantown Municipal Schools board approved Monday, May 5, a tentative $47.1 million budget for the coming fiscal year and school year that includes the school system opting out of shared services with other municipal school districts for in-house nutrition services, purchasing services and employee benefits services.

City Council to Review Police Budget

Memphis City Council members talk with their actuary Tuesday, May 6, about the city’s pension liability crisis as the council budget committee takes a first look at the Memphis Police Department’s budget.

Z-Bo’s Future Dominates Grizz Talk

If there was one thing that the Memphis Grizzlies’ seven-game playoff series with Oklahoma City didn’t lack, it was drama. There were four overtimes and several plot twists before the Thunder put the Grizzlies down in Game 7 as they played without Zach Randolph, who was suspended by the NBA for a hard push/punch in Game 6.

Local Weather
Today
Memphis, TN
74°F
Mostly Cloudy
Wind: 7 mph
Humidity: 64%

EVENTS

The Memphis and Shelby County Office of Sustainability will hold a public meeting about the Mid-South Regional Greenprint and Sustainability Plan Tuesday, May 6, at Riverview Community Center, 1891 Kansas St. Drop by for 10 minutes during the open house, 3 p.m. to 5:30 p.m., or attend the presentation and Q&A from 5:30 p.m. to 7 p.m. Visit midsouthgreenprint.org.

more events »

Start Co. Launches ‘Summer of Acceleration’

This summer, Downtown Memphis is entrepreneur central. For the first time, Memphis’ venture development organization Start Co. will be running all of its startup accelerators at the same time.

Rudd Charts Path at University of Memphis

The incoming president of the University of Memphis should name his provost or chief academic officer this week as he prepares to take office May 16.

Parkinson, White Compare Notes Across Aisle

Two state representatives from Memphis say the 19-member Shelby County delegation in the Tennessee General Assembly isn’t as united as it should be.

Brown’s Complex Contempt Case Moves Forward

Former Criminal Court Judge Joe Brown’s actions in Memphis-Shelby County Juvenile Court in March will live on in court past the May county primaries and into the campaign season as Brown prepares to challenge incumbent District Attorney General Amy Weirich in the August general election.

GOVERNMENT AGENDA

May 6 Memphis City Council Agenda

The Memphis City Council will meet Tuesday, May 6, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for an agenda.

REAL ESTATE RECAP

Hedgemoor Square Sells for $3.6 Million

375 N. Graham St., Memphis, TN 38117, Sale Amount: $3.6 million -
An affiliate of St. Louis-based Gateway Commercial has paid $3.6 million for the 64-unit Hedgemoor Square Apartments at 375 N. Graham St. in East Memphis.

LOCAL COLUMNISTS

Black Men Find New Way to Give Back

Part one of a two-part series. Readers of our column know we are supporters and promoters of women’s philanthropy including women’s foundations and giving circles. Mel likes to joke, “what about men’s philanthropy?”

STATEWIDE

Some Tennessee Jails Allowing Electronic Cigarettes

NASHVILLE (AP) – Some jails in Tennessee are again allowing inmates to smoke – only now it is limited to electronic cigarettes.

STATE GOVERNMENT

Health Care Law-Holocaust Comparison Criticized

NASHVILLE (AP) – A state Senator's blog post likening the insurance requirement under President Barack Obama's health care law to the forced deportation of Jews during the Holocaust drew swift condemnation Monday from leaders of both parties in Tennessee.

NATIONAL BUSINESS

Airlines Collecting Less Money for Bag Fees

FORT WORTH, Texas (AP) – Airlines are taking in less money from bag fees than they did two years ago, but they are making up for it by adding charges for a slew of extras, including getting a decent seat.

Buffett Defends How He Runs Berkshire Hathaway

OMAHA, Neb. (AP) – Warren Buffett remains confident in the long-term future of his company, and on Monday he again defended the quiet way he handled his objections to Coca-Cola's compensation plan.

Target's Chairman and CEO Out in Wake of Breach

NEW YORK (AP) – Target's massive data breach has now cost the company's CEO his job.

NATIONAL GOVERNMENT

Court Takes Up Dispute Over Cell Phone Towers

WASHINGTON (AP) – The Supreme Court is taking up a dispute over what kind of explanation local officials must provide when denying an application to build a cell phone tower.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 38 349 15,066
MORTGAGES 111 449 19,779
FORECLOSURE NOTICES 33 91 3,886
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 62 309 14,343
BUSINESS LICENSES 18 138 5,129
UTILITY CONNECTIONS 69 385 21,817
MARRIAGE LICENSES 13 106 4,663

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