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VOL. 130 | NO. 41 | Monday, March 2, 2015
EMPHASIS Commercial Real Estate

Real Estate Pros Upbeat

Strong 2014 points to healthier commercial market this year

After finally latching on to the broader national economic recovery in 2013, the Memphis-area commercial real estate market shook of the last vestiges of the Great Recession and roared back to life in 2014 with the office, retail, industrial and apartment sectors all producing solid gains.

Commercial Advisors Asset Services Sees Strong Growth

Kemp Conrad joined the asset services team at Cushman & Wakefield/Commercial Advisors in 2007 after CB Richard Ellis acquired his former employer, Trammel Crow Co.

Housing Crash Sends Beeson Into Commercial Real Estate

Jacque Beeson entered the world of real estate when she was 19-years-old, working as an assistant to a homebuilder developing subdivisions. She stayed in the residential sector for 17 years, until the local housing market bottomed out in 2010.

Loaded For Bear Wins Best of Show at American Advertising Awards

Creative directors from Boston, Las Vegas and New York were charged with judging 675 entries in the AAF Memphis 48th annual American Advertising Awards for creative excellence. The judges were so impressed by the quality of work that they created four additional “Best Of” awards, which recognize the top work of the year.

Local Weather
Today
Memphis, TN
35°F
Cloudy
Wind: 12 mph
Humidity: 82%

EVENTS

The University of Memphis Career Services Office and Academic Internship Office will hold the spring Career and Internship Expo Wednesday, March 4, from 10 a.m. to 3 p.m. in the Uni-versity Center ballroom, 499 University St. Attendees should dress professionally and bring cop-ies of their resume. Cost is free and open to U of M students and alumni. Visit mem-phis.edu/careerservices or call 901-678-2239.

more events »

Co-Branded Hilton to Rise in Germantown

The first major mixed-use development in Germantown’s western gateway zone is moving forward and will include the first co-branded hotel in the Memphis area.

Morris Explains Why He’s Leaving Downtown Memphis Commission

Paul Morris will leave his post as president of the Downtown Memphis Commission late this year to become president of his family’s business, Jack Morris Auto Glass.

Highland Row Developer Approved for $11 Million Permit

The developer of the mixed-use Highland Row project won approval for for an $11 million building permit from the city-county Office of Construction Code Enforcement.

Women Say Barriers Overcome With Perseverance, Mentors

Kim Grant Brown calls it the “crazy look” she sometimes gets when she meets a client who wants her to build him a home.

Haslam Says Common Core a Standard, Not Ideology

Tennessee Gov. Bill Haslam said the Tennessee legislature’s discussion and coming vote about the state’s public education standards is “critically important.”

New Pancake-Focused Restaurant Coming to East Memphis

It’s a tradition in Tressa Ogles’ house for the family to sit down together on Saturday mornings and enjoy a pancake breakfast.

SMALL BUSINESS

Memphis Equipment Roots Go Back to World War II

To most Memphians driving past the Memphis Equipment Co. front lot on South Third Street near E.H. Crump Boulevard, the company appears to be a small lot of vintage U.S. Army vehicles.

LOCAL COLUMNISTS

How to Delve Further Into User Insights

Think of it as the front end of the front end, this fusion of methods for solving problems for real people and creating a better experience for them.

The Big, Red Heart of Memphis

Whether intentional or the result of a collection of individual decisions, a skyline defines the unique characteristics of a city and the people who live there.

STATEWIDE

UT Board of Trustees Endorses Plan for Big Changes at School

MEMPHIS, Tenn. (AP) – Faced with a projected $377 million funding gap over 10 years, the University of Tennessee has put together a plan that could mean some tough choices ahead for the school and its students.

Tennessee Literacy Coalition Closing in June

NASHVILLE, Tenn. (AP) – The director of the Tennessee Literacy Coalition says the nonprofit organization that has promoted reading education for over three decades will close this year.

STATE GOVERNMENT

Bid to Block Health Exchange in Tennessee Seen as 'Overkill'

NASHVILLE, Tenn. (AP) – Some Republican lawmakers still reveling in the recent defeat of a proposal to expand Medicaid to 280,000 low-income Tennesseans are now setting their sights on 230,000 people enrolled through the federal health insurance exchange.

Tennessee GOP Leader Questions Incentives for Unionized GM Plant

NASHVILLE, Tenn. (AP) – State Senate Speaker Ron Ramsey said last week that it may have been "a mistake" for Tennessee to subsidize the development of the General Motors plant outside Nashville because it has a United Auto Workers union contract.

NATIONAL BUSINESS

US Economic Growth in Q4 Revised Down to 2.2 Percent

WASHINGTON (AP) – The U.S. economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit.

US Consumer Sentiment Slips in February on Icy Weather

WASHINGTON (AP) – Harsh winter weather left U.S. consumers feeling a bit less confident this month, the University of Michigan says. But confidence levels still remain at the highest level in eight years.

As Tastes Change, Big Food Makers Try Hipster Guises

HUNTINGTON BEACH, Calif. (AP) – At a taco shop in Southern California, milkshakes are served in mason jars and a chalkboard menu lists "The 1%er" made with lobster meat.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 90 347 2,387
MORTGAGES 126 456 3,319
FORECLOSURE NOTICES 13 106 782
BUILDING PERMITS 167 921 6,335
BANKRUPTCIES 59 280 2,407
BUSINESS LICENSES 22 134 1,064
UTILITY CONNECTIONS 85 440 3,442
MARRIAGE LICENSES 18 95 623

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