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Editorial Results (free)

1. Red Carpet Tour Courts Site Selectors -

Site selection experts from six nationally known firms got a “red carpet tour” from the Greater Memphis Chamber Wednesday, June 5, in a recruitment effort that included a look at the industrial infrastructure of the Memphis area.

2. ‘Made in Memphis’ Study Points to Hiring Challenges -

A new report on manufacturing jobs in the Memphis area shows rapid growth through 2016.

But the study by the Workforce Investment Network and the Greater Memphis Chamber, along with Memphis Mayor A C Wharton Jr. and Shelby County Mayor Mark Luttrell, also points to the challenge that those manufacturing employers face in finding enough of the right workers for the rejuvenated sector that was once a dominant part of the Memphis economy.

3. Building Business -

Dr. Leonard Greenhalgh brought a wake-up call with him to Memphis at the end of August, when he came to the city as one of several featured speakers for the Memphis Minority Business Council Continuum’s 2012 Economic Development Forum.

4. Mitsubishi Chem Subsidiary Files Permit App for HQ -

2665 Fite Road
Memphis, TN 38127

Permit Cost: $8.2 million

Permit Date: Applied March 2012

5. MC Ionic Continues Work on HQ, Plant -

MC Ionic Solutions US Inc., a subsidiary of Mitsubishi Chemical Corp. that will produce an electrolyte solution used in lithium-ion batteries, is moving ahead with its North Memphis headquarters and production plant.

6. MC Ionic Solutions US Begins Work on Fite Rd. Site -

2665 Fite Road
Memphis, TN 38127
Permit Amount: $1.3 million

Permit Date: Applied July 2011

7. MCIS Files $1.3M Permit For New Fite Road Facility -

MC Ionic Solutions US Inc. has begun work on its 2665 Fite Road facility, after being awarded a 14-year payment-in-lieu-of-taxes agreement in April.

8. IDB to Vote on PILOT for Mitsubishi Chemical -

At next week’s meeting of the Memphis-Shelby County Industrial Development Board, the IDB is scheduled to vote on awarding a 14-year tax freeze for Mitsubishi Chemical Iconic Solutions U.S. Inc., a newly formed subsidiary of Mitsubishi Chemical Corp.

9. IDB to Vote on 14-Year PILOT for Mitsubishi Chemical -

At next week’s meeting of the Memphis-Shelby County Industrial Development Board, the IDB is scheduled to vote on awarding a 14-year tax freeze for Mitsubishi Chemical Iconic Solutions U.S. Inc., a newly-formed subsidiary of Mitsubishi Chemical Corp.

10. Chamber Preps Red Carpet for Mitsubishi -

The Greater Memphis Chamber has begun sending out invitations to an event Monday at The Peabody hotel at which a significant announcement will be made.

The invitations include the names of Tennessee Gov. Bill Haslam, Memphis Mayor A C Wharton Jr. and Shelby County Mayor Mark Luttrell. The invitations, which also suggest Memphis Grizzlies forward Rudy Gay will be in attendance, were sent out to public and private sector leaders Tuesday.

11. Montreal Investor Pays $7.3M for Memphis Center -

A Canadian real estate investment group has bought a distressed South Memphis industrial park with plans to reabsorb the space and bring it back to life.

Richard Stern, principal with Montreal-based Olymbec purchased the 1.1 million-square-foot Space Center, 3051-3133 Tranquility Drive, for $7.3 million.

12. Canadian Group Buys Distressed South Memphis Industrial Park -

A Canadian real estate investment group has bought a distressed South Memphis industrial park with plans to re-absorb the space and bring it back to life.

Richard Stern, principal with Quebec, Canada-based Olymbec purchased the 1.1 million-square-foot Space Center, 3051-3133 Tranquility Drive, for $7.25 million.

13. Moving Forward -

As the commercial real estate market remained soft in 2010, a handful of major deals – including some to close the year – indicated light at the end of the tunnel.

The year ended with the top retail investment sale of the year when Loeb Properties Inc. bought Park Place Centre from Belz Enterprises Inc. for $10.3 million.

14. ULI: Recovery to Begin in 2011 -

The real estate market is projected to turn around next year, but the industry will have to settle for baby steps in all markets and property sectors.

That was the message more than 250 bankers, investors and real estate professionals heard Wednesday at the Urban Land Institute’s fourth annual Real Estate Outlook for the Mid-South where they learned about the “era of less.”

15. Mitsubishi Chemical Adds New Co. In Memphis -

Mitsubishi Chemical Corp. recently announced plans to bring a new company to Memphis in a $13.1 million project.