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VOL. TMN-6 | NO. 1 | Saturday, December 29, 2012
Weekly Issue

Turning the Page

World didn’t end in 2012, and Memphis’ future looks promising

It’s that time of year again. It’s that time when journalists across the fruited plain collectively try and make God laugh – with our prognostications, of course, about the year ahead and of what might be.

Let’s Unite to Make 2013 Very Good Year

As we mark the transition from one year to another, let’s take a step back from the timeline of events and predictions to some ideas about the basics – our prosperity and our safety.

County’s Mortgage Market Up 7 Percent

If they had any worries about next year’s taxes, the fiscal cliff and economic uncertainty, the local mortgage market saw borrowers brush them aside during November.

Builder Permits Rise 10 Percent in November

The National Association of Homebuilders said Tuesday, Dec. 18, that sentiment across the homebuilding industry rose to its highest level since the middle of 2006.

Agency Absorption

Advertising firms expand employee rosters, Downtown footprints

The Downtown Memphis office market has long been one of the more cost-effective of the city’s submarkets when it comes to rental rates, especially when amenities and ambiance are factored into leasing decisions.

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Juvenile Court Agreement Emphasizes Details

Less than 24 hours before the U.S. Justice Department and Memphis-Shelby County Juvenile Court leaders announced a detailed set of reforms and safeguards to guarantee changes in the court, Shelby County Commissioners met behind closed doors with those involved in the local side of the deal.

Petties Drug Case Suspect Returns to U.S.

Chris Hamlet, a high-ranking member of the Memphis-based drug organization headed by Craig Petties, is back in the U.S. and on his way to a Memphis courtroom.

Mobs of Cash

Grassroots effort puts spending power behind local businesses

Next month, an organized mob is planning to descend upon The Booksellers at Laurelwood.

Heritage Trail Complexity a Concern

As 2012 comes to an end, the most ambitious plan from City Hall for the revitalization of an inner-city area in 15 years of such projects has hit a critical stage.

Missions Double for Heart Foundation

Children around the globe in countries that do not have the medical resources available here in the U.S. are getting a helping hand from The International Children’s Heart Foundation, a local organization targeting congenital heart disease.

Milwaukee Electric Tool Building Bought by Monmouth for $28 Million

Freehold, N.J.-based Monmouth Real Estate Investment Corp. has acquired the Milwaukee Electric Tool Corp. building at 12385 Crossroads Drive in Olive Branch for $28 million.

Greenline to Keep Growing in 2013

In the coming year, the Shelby Farms Greenline could move a bit farther west from Tillman Street, where it now ends, to the Poplar Avenue viaduct with a goal of linking up with the Broad Avenue Arts District.

Degrees of Difficulty

Local education leaders discuss changing face of higher learning

Leaders of the city’s five higher education institutions say they are all grappling with the issue of relevance in a changing world and economy as they compete for students with missions that make them different from one another.

Bass Berry Law Firm Honored for Recent Deals

The law firm of Bass, Berry & Sims PLC has won the mergers and acquisitions “deal of the year” award in the $50 million to $100 million category from M&A Advisors.

‘Banner Year’ for Logistics Industry

Positive momentum far outweighed the negative in the local logistics and distribution industry during 2012, as city officials and business leaders continued elevating Memphis’s status as world logistics hub.

Christmas Magic

For Rick Jamison of Cordova, the transformation from corporate IT director to Santa Claus began with a hat.

SPORTS

Grizzlies Proving Life After Mayo Just Fine

It seemed only fitting that on the night O.J. Mayo returned to Memphis with the Dallas Mavericks – averaging 20 points a game and leading the NBA in 3-point shooting – that Mike Conley would break the Grizzlies’ franchise record for career assists.

Despite Stats, Some Aren’t Worthy of Cooperstown

The rules state that you have to be a member of the Baseball Writers Association of America (BBWAA) for 10 years before you are granted the privilege of voting for the Baseball Hall of Fame.

SMALL BUSINESS SPOTLIGHT

Prodigi Arts has Designs on Growing its Business

Local animation and motion graphics company Prodigi Arts is preparing for aggressive expansion over the next two years.

REAL ESTATE RECAP

Roberts Benchmark Hotel on Union Sells for $3.2 Million

164 Union Ave.

MEMPHIS NEWSMAKERS

Payne Joins Fulton CPAs as Senior Accountant

Tarasha Payne has joined Fulton CPAs PLLC as a senior accountant in the areas of taxation, compilation and reviews, and client services. Payne has more than 15 years’ experience in the field and is working toward CPA certification. The announcement comes on the heels of big changes at the accounting firm, including new ownership and a name change from Polsgrove & Fulton. (See The Daily News’ Monday, Dec. 17, edition for more information.)

MEMPHIS LAW TALK

Diverse Career Leads Morris to Husch Blackwell’s Aviation Group

Native Memphian and Germantown High School alum, William Morris, has joined the Memphis office of Husch Blackwell LLP, a St. Louis-based litigation and business law firm with 600 attorneys across the country and in London.

MEMPHIS STANDOUT

Ford Jr. Ready for Ascent to City Council Chairman

If you didn’t know that Edmund Ford Jr. teaches mathematics, there would be clues.

LOCAL COLUMNISTS

The Christmas Truce

Why would a group of people who were literally trying to kill each other one day, joyfully celebrate together the very next day? And, can you learn any lessons from these people that might help you minimize or deal with conflict in your work environment?

JIFF Fights Recidivism

Last week we shared some helpful holiday safety tips, like locking car doors while pumping gas and hiding all belongings BEFORE getting to the store. Extending this theme of crime prevention, let us now highlight a local organization working with youth from in and around the juvenile justice system to equip them with the skills and support necessary to break the destructive cycle of criminal behavior: Juvenile Intervention & Faith-Based Follow-Up (JIFF).

Tight Credit is Your Friend

Ray’s Take Credit is tighter than it used to be. Loans are harder to come by. That’s good news as far as I’m concerned. Many people are still longing for those “glory days” when credit was easy for anything we wanted. Well, they didn’t end well for most people.

Be Prepared for Media Interviews

So, you got a reporter to agree to write a story about you? That’s great. Media coverage in respected outlets can make a huge impact on awareness of your company or nonprofit. But just because you’ve gotten the story, that doesn’t mean the work is over. The interview is the most important part. Yes, you will be talking about your company and/or yourself, a topic you are extremely familiar with. But just because you know your subject matter doesn’t necessarily mean you know the best way to present it.

Top 10 Smart Marketing Trends for 2013

Make it your resolution to execute these Top 10 smart marketing trends in 2013.

Stranded During Christmas Decorating

My understanding of Christmas tree lights, in a word, is nada, zilch, nil. OK, so that’s three words. I plug in a strand. If the bulbs light up, we’re good. If they don’t, I’m lost.

Get More Out of Your Corporate Retreat

Have you ever asked yourself why you are taking a corporate retreat? Is it because the company has always had one and it is just an event on autopilot? Is it intended to reinforce the company line? What do you as a leader really get out of it? What does everyone else get out of it? If it is designed to be a “morale builder” and a session to “build consensus” you may be wasting your time and money. There is nothing worse for morale than having a lockdown then hotboxing people who work over 50 hour weeks. These people likely feel that they are getting behind on their work treadmill and worse, they resent the time away from home and family.

Horseback Rides With Weddings

BRIDAL PATHS When I was little, I was pretty sure you went to cool weddings by horseback. After all, Roy and Dale were married, and they sang “Happy Trails To Us” from the back of a horse every week. Mom and Dad were married, and they spent the first year of their marriage in Arizona riding horses and doing cool-sounding things like punching cattle, shooting rattlesnakes and smoking Old Golds.

Year-End Fundraising Reflections

As you reflect on 2012 here are some things to consider in the area of fundraising. Take a quiet moment to contemplate the following as you prepare for the coming year.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 43 43 12,074
MORTGAGES 78 78 15,834
FORECLOSURE NOTICES 0 0 3,130
BUILDING PERMITS 0 0 28,832
BANKRUPTCIES 97 97 11,768
BUSINESS LICENSES 18 18 4,292
UTILITY CONNECTIONS 190 190 17,922
MARRIAGE LICENSES 43 43 3,711

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