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Editorial Results (free)

1. Battle Rages On Between Regional Foes -

In October, Old Dominion Freight Line Inc. opened the door, or 267 doors to be more precise, on its new $30 million service center in Memphis.

2. Hot Yoga Plus Expands in Memphis -

Hot Yoga Plus, a Nashville-based yoga concept, is opening a second Memphis area location.

Hot Yoga Plus, founded by Memphian Susannah Herring, has signed a 2,015-square-foot lease at 9037 Poplar Ave. in Germantown. The new store is expected to open this fall and follows the original Memphis location in Laurelwood.

3. Hot Yoga Plus Expands in Memphis -

Hot Yoga Plus, a Nashville-based Yoga concept, is opening a second Memphis area location.

Hot Yoga Plus, founded by Memphian Susannah Herring, has signed a 2,015-square-foot lease at 9037 Poplar Ave. in Germantown. The new store is expected to open this fall and follows the original Memphis location in Laurelwood.

4. Tennessee Business Taxes Pick Up After Decline -

Tennessee’s business taxes are starting to pick up. WPLN-FM reports economist Bill Fox discussed his findings in a conference call with Secretary of State Tre Hargett this week.

Fox said that the state’s franchise and excise taxes took a hit after health-care services company McKesson left Tennessee for Mississippi. That departure helped contribute to a $222 million deficit in business taxes.

5. Tennessee Business Taxes Pick Up After Decline -

Tennessee’s business taxes are starting to pick up.

WPLN-FM reports economist Bill Fox discussed his findings in a conference call with Secretary of State Tre Hargett this week.

Fox said that the state’s franchise and excise taxes took a hit after health-care services company McKesson left Tennessee for Mississippi. That departure helped contribute to a $222 million deficit in business taxes.

6. Local Logistics Firms Expand Medical Real Estate Offerings -

Memphis area industrial brokers are reporting an increase in activity with third-party and proprietary logistics companies involved in distribution of medical/pharma-related product.

During the second half of this year, several local companies have inked new leases that will expand their overall space in the Memphis area, creating new jobs in the process.

7. McKesson to Pay $151M to Settle Drug-Pricing Suit -

SAN FRANCISCO (AP) – Twenty-nine states have reached a $151 million settlement in a lawsuit alleging one of the country's largest drug wholesalers inflated prices for hundreds of prescription drugs, officials said Friday.

8. EDGE Agency’s Dillihunt Loves Selling Memphis -

One good way of determining a person’s love for the city in which they live is to ask them to sell that city to other people.

Keith Dillihunt has done that before as an executive recruiter. He also does it for his new job with the Economic Development Growth Engine, a still relatively new player on the scene in Memphis that’s trying to shake out some of the bureaucratic tangles from the area’s business recruitment and retention efforts.

9. Room to Grow -

Shelby Residential and Vocational Services, the largest comprehensive service provider for West Tennessee residents with disabilities, has unveiled its new state-of-the-art facility, expanded its capacity and launched several innovative programs.

10. Memphis Advantage -

As the industrial market approaches the end of the first quarter, a handful of deals have local brokers encouraged that the city’s bread-and-butter sector is poised for recovery.

Recent notable industrial leasing transactions – all of which occurred in Class A bulk warehouses – include Trane U.S. Inc.’s 625,000-square-foot lease in Chickasaw Distribution Center; Kimberly Clark Corp.’s 556,000-square-foot lease in Airways Distribution Center; and Impact Innovations’ 275,000-square-foot space at Southridge Corporate Park.

11. McKesson VP: Slowness Cost Memphis -

When McKesson Pharmaceutical Co. went looking for another redistribution center, it wanted 70 acres of land for what wound up being a $135 million investment, the largest capital investment made in the history of the health care software, automation and services company.

12. McKesson VP: ‘Slow Walk’ Cost City $135M Plant -

Doug Pace, vice president of operations for McKesson Corp., came to East Memphis to talk about the quality of employees at the company’s Memphis redistribution center and how its new plant is coming along in Olive Branch.

13. The Right Place -

When people think of Memphis, they might picture an aerial shot of Downtown – skyscrapers, The Pyramid and all.

But Andy Cates’ view of Memphis is different. He sees the city’s “dirty, industrial real estate.”

14. CRE Outlook Remains Mixed -

A sophomore at the University of Memphis could open up an economics book and explain how the United States got to its current state through the laws of demand, diminishing returns and comparative advantage.

15. CRE Outlook Remains Mixed -

A sophomore at the University of Memphis could open up an economics book and explain how the United States got to its current state through the laws of demand, diminishing returns and comparative advantage.

16. Health Care Presents Unique Legal Issues -

Hospitals and their medical staffs work together to satisfy the needs of their patients. As a professional medical team, they strive to provide the best care. But what happens when a doctor leaves one hospital to practice in another – for greener pastures – especially when those pastures are just across the road?

17. Trinity Ridge Business Ctr. Sells for $7.6 Million -

7730 Trinity Road, 7740 Trinity Road, 7750 Trinity Road, 7760 Trinity Road and 7866 Trinity Road
Cordova, TN 38018
Sale Amount: $7.6 million

18. Intelligrated Files Application to Build at McKesson -

Ohio-based Intelligrated Inc. is planning construction at McKesson Corp.’s Memphis operation at 4836 Southridge Blvd., according to a $6 million building permit filed with the city-county Office of Construction Code Enforcement.

19. Humana CEO to Retire, New President Tapped -

LOUISVILLE, Ky. (AP) – Humana Chief Executive Officer Mike McCallister announced that he plans to retire within 18 months and the company has tapped Bruce D. Broussard as president of the Louisville-based firm.

20. AP IMPACT: Hospital Drug Shortages Deadly, Costly -

TRENTON, N.J. (AP) – A drug for dangerously high blood pressure, normally priced at $25.90 per dose, offered to hospitals for $1,200. Fifteen deaths in 15 months blamed on shortages of life-saving medications.

21. Mississippi Muscle -

Since the 1950s, Memphis has been building industrial space for users to benefit from the city’s transportation amenities, which now includes five Class 1 railroads, several interstate highways, the nation’s fourth-busiest inland waterway port and the world’s second-largest cargo airport.

22. IDB Approves Six Projects in Finale -

Jill Iglehart teared up at the end of the last working meeting this week of the Memphis-Shelby County Industrial Development Board despite vowing not to.

“This has been an excellent board,” said Iglehart who was appointed 17 years ago. “It has been a privilege and an honor to serve with you. We are adjourned.”

23. IDB Approves McKesson Corp. PILOT At Last Working Session -

At the last working meeting of the Memphis-Shelby County Industrial Development Board, the board approved a retention PILOT (payment in lieu of taxes) tax break for McKesson Corp. for the construction of two new facilities in Shelby County.

24. Final IDB Meeting Features Six Projects -

When the Memphis-Shelby County Industrial Development Board meets Wednesday, July 20, it will have on its plate six projects to consider that could bring 259 new jobs to the city, millions of dollars of new investment to the area and keep some of an existing employer’s operations in the city.

25. IDB Preps for Final Meeting -

This week’s meeting of the Memphis-Shelby County Industrial Development Board will be the last one at which it hands out tax breaks - ever.

The agency that grants tax incentives to businesses that expand their operations in Memphis, relocate their operations from point to point within the area or that move here from outside the area, is disbanding at the end of this month.

26. IDB Preps for Final Meeting -

This week’s meeting of the Memphis-Shelby County Industrial Development Board will be the last one – ever.

The agency that grants tax incentives to businesses that expand their operations in Memphis, relocate their operations from point to point within the area or that move here from outside the area, is disbanding at the end of this month.

27. Q1 Commercial Landscape Sees Slow Start -

Memphis’ commercial real estate landscape was off to a slow start during the first quarter of 2011, according to the latest CB Richard Ellis MarketView report.

Memphis’ office market saw very little change from the end of Q4 2010 for the office market.

28. ATTN: Mayor Wharton -

Memphians sound off on city’s most pressing needs.

Aaron Shafer
Founder of Skatelife Memphis; scientist at St. Jude Children’s Research Hosp.

Develop and promote a citywide mentoring campaign. We must heavily invest in the positive development of our children. Many of our Memphis children suffer not from a material poverty, but a poverty of healthy relationships and ultimately a poverty of possibility – of reaching their full potential. Each of us has had supportive network of mentors (“the village”) in our lives, be they our parents, teachers or friends, that have come along side of us to build our self-esteem and to help us navigate a path that moves us closer to realizing our potential.

29. Comprehensive Pharmacy Services Poised for Growth -

Thanks to a singular focus on comprehensive pharmacy management, Memphis-based Comprehensive Pharmacy Services is poised to continue growing.

The single largest operation of its kind in the world, CPS has more than 300 client facilities and more than 1,600 professional pharmacy employees in 46 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

30. 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.

31. Seeking Stability -

The commercial real estate market is poised for a comeback in 2011, as investment sales show signs of recovery and occupancy slowly improves to meet supply.

Shelby County’s commercial sales during the past 12 months (November 2009 through October 2010) totaled 581, down 6 percent from 620 sales during the previous 12-month period, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

32. Memphis-Based CPS Buys Principle's Pharmacy Mgmt. -

Memphis-based Comprehensive Pharmacy Services has completed the acquisition of Principle Pharmacy Group’s pharmacy management division, which will now be called ContinuumRx.

The company now will focus solely on the $12 billion home infusion therapy market.

33. McKesson Corp. To Buy US Oncology for $2.16 Billion -

McKesson Corp., which is building a $115 million distribution facility in Olive Branch, announced Monday it is acquiring US Oncology for $2.16 billion.

34. Economic Development Top Priority for Flanagan -

Since the establishment of the DeSoto County Economic Development Council in 1978, the county has seen the development of numerous industries, jobs and capital investment.

One of the drivers of those efforts has been Jim Flanagan, president and CEO of the council, who has played a major role in making the county a good place for business.

35. Olive Branch Enjoying Fruits of Labor -

The spring and summer of 2010 will go down as seasons to remember in Olive Branch.

Between May and late July, four major companies – Soladigm Inc., Hamilton Beach Brands Inc., McKesson Corp. and Methodist Le Bonheur Healthcare – announced plans to either open a new facility in, or relocate to, the North Mississippi city.

36. Pinnacle Deal Provides Blueprint for Memphis -

News that Pinnacle Airlines Corp. is heading Downtown – and not Olive Branch – is a welcome sign that change is brewing in Memphis.

37. The Hard Sell -

To understand how Northwest Mississippi’s small boomtowns like Olive Branch keep one-upping Memphis and reeling in jobs and taxpayers with the promise of greener pastures, an Internet video is one place to start.

38. Olive Branch Reels in Another Company -

Olive Branch will add nearly 1,000 jobs thanks to a trio of major economic development deals involving the creation of new plants and a hospital facility.

Even more impressive for the North Mississippi town: the announcements of this impressive job growth came within the span of only a few days last week.

39. Olive Branch Job Growth Up to 1K With Soladigm Addition -

Olive Branch will add nearly 1,000 jobs thanks to a trio of major economic development deals involving the creation of new plants and a hospital facility.

Even more impressive for the North Mississippi town: the announcements of this impressive job growth came within the span of only a few days last week.

40. Olive Branch Lands Soladigm, 350 Jobs -

Soladigm Inc., a green technology company from California’s Silicon Valley, is moving into the Olive Branch Industrial Park with a plant that employs 350 people.

41. Fund Signals Memphis ‘Open for Business’ -

He wasn’t saying “I told you so,” but he came close.

The day after Pinnacle Airlines Corp. acknowledged Mississippi officials had made the Memphis company a generous offer to relocate to Olive Branch, Memphis Mayor A C Wharton Jr. reminded at least one person about something he’d won approval for just one week before that.

42. All Hands on Deck -

The city of Memphis has “all hands on deck” in an effort to keep Pinnacle Airlines Corp. within the city, according to Memphis Mayor A C Wharton Jr.

43. Mississippi Makes Bid For Pinnacle HQ -

Add Olive Branch, Mississippi, to the list of locations, along with Downtown and the area around Memphis International Airport, that Pinnacle Airlines is considering for a larger corporate headquarters.

The Memphis-based air passenger carrier is being wooed by the state of Mississippi to consolidate its operations in the same city that just plucked another Memphis business opportunity away from the Bluff City – McKesson, which decided earlier this year to put a distribution facility and 300 jobs in Olive Branch.

“Governor Barbour and the state of Mississippi offered a very generous package of incentives to entice Pinnacle to locate in Olive Branch,” reads a statement from Pinnacle. “We are impressed with their efforts and we continue to give the proposal serious consideration.

“The state of Tennessee and the City of Memphis continue to work very hard to make our continued growth here feasible. It’s no secret that we are looking at locations in downtown Memphis and near Memphis International Airport. The move would have to allow us to consolidate our operations into a single location, and to cut our operating and occupancy costs.”

All parties involved are still far away from hearing the music cued for the closing credits on a deal. An effort has been under way, for example, to woo Pinnacle into Downtown’s One Commerce Square, which took a big blow with word several weeks ago Glankler Brown PLLC is vacating 39,000 square feet there later this year.

Mark Jenkins of Commercial Alliance Management LLC, the firm that leases and manages One Commerce Square, told The Daily News last month there may be hope yet for a deal that brings Pinnacle to the iconic Downtown tower.

“We are very optimistic about the opportunity that we have with Pinnacle as well as some other major users,” Jenkins said.

...

44. Haslam Vows a ‘Hands On’ Role in Economic Development -

If elected governor, Knoxville Mayor Bill Haslam said he will be “hands on” in economic development. But Haslam said parts of such a policy like land use should remain local decisions.

“I think the governor needs to be hands-on involved with economic development,” Haslam said during a wide-ranging discussion this week in Memphis as he met with the leadership of The Daily News.

45. Mississippi Lures McKesson From Memphis -

The state of Mississippi and McKesson Corp. have officially announced that the company is moving distribution jobs from Memphis to Olive Branch, where McKesson will build a $115 million facility.

46. Retention PILOTS Become Focal Point -

Last month’s meeting of the city-county Industrial Development Board yielded a second victory in what officials hope will be a fixture in helping businesses grow and the city prosper.

The IDB unanimously approved a 15-year “retention” payment-in-lieu-of-tax (PILOT) program for Lucite International to invest $90 million in its Memphis-area operation and keep 200 jobs intact.

47. PILOT Approval Clears Way for $90M Investment at Lucite -

Wednesday’s monthly meeting of the city-county Industrial Development Board brought two companies – Lucite International and Christ Community Health Services – closer to expanding their Memphis operations.

The IDB unanimously approved a 15-year payment-in-lieu-of-tax (PILOT) retention program for Lucite International to invest $90 million in its Memphis-area operation and keep 200 jobs intact.

48. Frequent Flier -

Memphis Mayor A C Wharton Jr. is quickly evolving into a virtual one-man chamber of commerce.

In between putting out political brushfires, mapping out an ambitious city agenda and holding town halls with voters, the mayor also has spent much of his first three months glad-handing national businesses and political leaders.

49. PILOT Change Rewards Companies for Keeping Jobs -

With a vote by the Shelby County Commission Monday, legislative bodies for Memphis and Shelby County now have approved a major change to the way local tax breaks are awarded to eligible companies.

The County Commission’s vote was the last piece needed to give the official stamp of approval on the change sought by the city-county Industrial Development Board, which has moved quickly to lock the new rules in place. And it sets in motion a race to win over a type of business and capital investment that economic development officials say would be at risk of slipping through their fingers until now.

50. Wharton Preps For Gun Violence Focus -

By now, it should be apparent newly-minted Memphis Mayor A C Wharton Jr. has a lot on his plate.

Between cleaning up the city’s animal shelter, unveiling his agenda in a breakfast speech to The Leadership Academy and encouraging executives of a major Memphis employer not to relocate their operations, the past few days alone have been frenetic. And his to-do list keeps getting longer – mostly by choice.

51. McKesson’s Retention Rides on IDB, PILOT Tweaks -

Members of the Memphis-Shelby County Industrial Development Board were told last month the board’s tax incentive program needs to be tweaked – and soon. The reason: a major economic development project coming before them in November needs the new provisions.

52. First H1N1 Vaccines Given At Le Bonheur -

Holly Smith, a registered nurse and mother of two young children, became the first Tennessean and one of the first people in the United States to receive the H1N1 vaccine Monday.

53. Wal-Mart to Enter Electronic Medical Records Arena -

WASHINGTON (AP) - As the Obama administration begins investing billions in health information technology, Wal-Mart plans to use its unrivaled size to bring high-tech medical records to U.S. physicians.

54. Hospitals Continue Push Toward Electronic Records -

Converting patient records from handwritten charts to an electronic database takes patience and money, but executives at Memphis hospitals say the investment pays off.

Methodist Le Bonheur Healthcare and Baptist Memorial Health Care have already made the switch at some of their hospitals and plan systemwide conversions.

55. Hospital Giants Lurch Toward Comprehensive Chart Filing Systems -

Hospitals have been buying computers for 20 years, only to see their volumes of paper grow with every upgrade, while easy access to clinical information continues to be elusive.

But the two big Memphis-based health systems are staging a $130 million clash of the Titans, and this time they say they are getting it right: Methodist North just passed its latest milestone, switching on several new components of One Chart, a patient chart filing system.

56. Archived Article: Daily Digest - Front Street Property

Front Street Property

Financed for $1.7 Million

New Renovations LLC has financed property at 89 Front St. through First Tennessee Bank for $1.7 million. The property, which contains a brick commercial cotton building b...

57. Archived Article: Memos - <ephoto> Charles Goforth was appointed a vice president of Barge Waggoner Sumner and Cannon Inc

Charles Goforth was named a vice president of Barge Waggoner Sumner and Cannon Inc. Goforth joined BWSC in 2002 as director of business developm...

58. Archived Article: Comm Briefs - The National Wellness Foundation will host a free community workshop about fibromyalgia at 7 p The National Wellness Foundation will host a free community workshop on fibromyalgia at 7 p.m. Tuesday at the Germantown Library, 1925 Exeter Road. Dr. Ro...

59. Archived Article: Real Review - Continental General Tire has leased a 300,000-square-foot distribution facility at the Airport Industrial Park Tire company leases in Airport Industrial Park Continental General Tire has leased a 300,000-square-foot distribution facility at the Airp...

60. Archived Article: Market Briefs - AutoZone Rings Up More Than $4 McKesson HBOC Inc. announced it has opened a new 50,000- square-foot facility in Memphis equipped with state-of-the-art technology for repackaging bulk prescription drugs into smaller units for its pharmacy customers. ...

61. Archived Article: Back Filler - McKessonHBOC Opens RxPak, McKessonHBOC opens RxPak, pharmaceutical repackaging facility McKesson HBOC Inc. announced Tuesday it has opened a new, 50,000-square-foot facility in Memphis equipped with state-of-the-art technology for repackaging bulk p...

62. Archived Article: Idb - By STACEY PETSCHAUER Two projects would create 180 new jobs By STACEY PETSCHAUER The Daily News Two projects that will create 180 new jobs in Memphis over the next three years will go before the Industrial Development Board today at 3 p.m. The IDB w...

63. Archived Article: Memphis Invests - By LAURIE JOHNSON Record $1.4 billion invested in Memphis in 1998 By LAURIE JOHNSON The Daily News Private companies invested a record $1.4 billion to relocate and expand in Memphis and Shelby County in 1998, according to figures released by the Mem...

64. Archived Article: Back - Leadership Memphis announces 1997 class Leadership Memphis announces 1997 class Top business executives, administrators, civic volunteers and ministers are among the 55 leaders in the public and private sectors who have been selected to participate ...