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VOL. 127 | NO. 1 | Monday, January 2, 2012

Wharton To Consolidate Three City Divisions

Memphis Mayor A C Wharton Jr. plans to roll out a 100-day plan for goals for his administration now that he has started a full four-year term of office.

Dining on the Go

Food trucks prove viable real estate option for owners

The local food truck scene is proving to be a viable alternative for Downtown lunch-goers, with plenty of repeat customers.

Electrolux Chooses WG Yates as General Contractor

Electrolux's Major Appliances Division has picked W.G. Yates & Sons Construction Co. as general contractor for construction of its manufacturing center in southwest Memphis.

Trane US Inks Lease for 625K Sq. Feet in SE Memphis

Trane U.S. Inc. has finalized its 625,875-square-foot industrial lease in Southeast Memphis, confirmed Brad Murchison with CB Richard Ellis Memphis. The residential and commercial heating, ventilation and air-conditioning (HVAC) systems provider also has a location in Southaven.

Associated Pharmacies Buys Memphis Warehouse

Scottsboro, Ala.-based Associated Pharmacies Inc. has bought a roughly 59,000-square-foot warehouse at 5375 Mineral Wells Road from Renasant Bank for $1.2 million.

Local Weather
Today
Memphis, TN
55°F
Fair
Wind: 6 mph
Humidity: 67%

EVENTS

Business Over Coffee, After Hours Chapter will host a click and connect event Tuesday, Jan. 3, from 6 p.m. to 8 p.m. at Fox and Hound, 819 Exocet Drive. The event will include an overview of Business Over Coffee followed by networking. For more information, email Peter Nathan at peter@ursomobile.com.

more events »

Council Begins Bed Tax Discussion

The first meeting of the Memphis City Council for 2012 offers some familiar issues and some new moves that point toward a break with the past in city operations.

Analysts Expect Small Profit for Regions

The bank that controls the biggest chunk of customer deposits in Tennessee and is one of the top two in the Memphis area is likely to post a small profit for the quarter as well as the full calendar year when it reports earnings Jan. 24.

Fed Drug Case Defendant Wants New Atty.

Just two and a half weeks before he goes on trial for racketeering, drug conspiracy and murder-for-hire charges, Clinton Lewis wants a new attorney.

Former Southaven Schnucks Leased to Superlo

The former Schnucks supermarket building at 975 Goodman Road in the Southaven Commons shopping center has been leased to Stepherson’s Superlo Foods.

GOVERNMENT AGENDA

Memphis City Council Agenda

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

SMALL BUSINESS SPOTLIGHT

Design 500 Finds Passion Preparing Museum Exhibits

Scott Blake’s home office in a historic building at 671 Jefferson Ave. is clearly the abode of a man with a deep love of art, history and design.

REAL ESTATE RECAP

Lamar Crossing Apts. Changes Owners Again

2881 Lamar Ave., Memphis, TN 38114, Loan Amount: $3.5 million -
The beleaguered Lamar Crossing Apartments recently changed hands again – this time landing under the ownership of a community development corporation that in recent years built affordable housing north of Chelsea Avenue.

LOCAL COLUMNISTS

Comforts of Home Within Reach

Happy New Year! I hope you and your family enjoyed the holiday season and I wish you all the best for a wonderful 2012. Last week we discussed how a New Year’s resolution focused on recognizing and affirming the efforts of at least one person each day could have a profound impact on our community.

Gain Peace With Circular View of Time

Sometimes a slight mental adjustment can make all the difference in the world. For example, how you choose to view the passage of time can lead to significant frustration or ongoing peace of mind.

THE MEMPHIS NEWS

That's a Wrap

Memphis puts finishing touches on historic year

If the grand sweep of 2011 could be captured on celluloid and presented to an audience on the big screen, all the components of a great film would be readily apparent.

Time to Turn Page to a Better Year

2011 was another year where what had once glittered wasn’t always what was of value.

Concert Pays Homage to King

The Memphis Symphony Orchestra has made a point of playing with hip, up-and-coming, contemporary artists, but old favorites are still on the program as well.

What’s in Store for Restaurant Biz in 2012?

New Year’s Eve! What a scary night! Not only because people have to stand around at midnight with a bunch of so-called friends and sing that dreary “Auld Lang Syne” and put each other’s eyes out with supersonically zooming champagne corks (see Memphis Grapevine for advice on avoiding this), but because this artificially imposed deadline for the ending of one year and the beginning of another sets the scene for trend-spotting galore.

Some Tips for Enjoying The Bubbly

New Year’s Eve and bitter chill it was. Oops, no, that was St. Agnes Eve; once an English teacher always an English teacher! Anyway, the point is bubbles, as in the bubbles that make Champagne and sparkling wine what they are.

STATEWIDE

Tennessee Traffic Deaths Fewest Since 1962

NASHVILLE (AP) – Tennessee traffic fatalities declined sharply this year, reaching their lowest figure in 49 years.

NATIONAL BUSINESS

Verizon Reverses on $2 Fee for One-Time Payments

NEW YORK (AP) – After a customer backlash, Verizon Wireless on Friday dropped a plan to start charging $2 for every payment subscribers make over the phone or online with their credit or debit cards.

In a First, Gas and Other Fuels are Top US Export

NEW YORK (AP) – For the first time, the top export of the United States, the world's biggest gas guzzler, is – wait for it – fuel.

NATIONAL GOVERNMENT

4 GOP Candidates Have No Tenn. Delegates

NASHVILLE (AP) – There are nine Republican presidential candidates on Tennessee's primary ballot, but four of them have no committed delegates to the party's nominating convention.

Obama Delays Request for $1.2T Debt Limit Increase

HONOLULU (AP) – President Barack Obama is delaying his request for another $1.2 trillion increase in the United States' debt limit at the request of congressional leaders.

401(k) Fee Reports Coming in 2012, But Incomplete

All too often workers with 401(k) accounts are in the dark. They view their retirement plan as a benefit and are unaware they're paying for the privilege of investing for retirement.

HEALTH CARE

Walgreen Pushes to Keep Express Scripts Clients

INDIANAPOLIS (AP) – Walgreen CEO Greg Wasson said Friday chances are probably "slim to none" that the drugstore operator will reach an agreement with pharmacy benefits manager Express Scripts before their current contract ends Saturday.

Uninsured Turn to Daily Deal Sites for Health Care

NEW YORK (AP) – The last time Mark Stella went to the dentist he didn't need an insurance card. Instead, he pulled out a Groupon.

SPORTS

Vandy Going for 3rd Bowl Win Ever vs Cincinnati

Vanderbilt linebacker Chris Marve will have his own cheering section for the Liberty Bowl. It will include about 100 family and friends, and he couldn't help everyone asking for tickets.

Vols' Golden has Surgery to Correct Minor Fracture

KNOXVILLE (AP) – Trae Golden, Tennessee's leading scorer, has undergone a surgical procedure to correct a minor nasal fracture.

Vols to Allow Arnett to Transfer to Select Schools

KNOXVILLE (AP) – Tennessee will allow freshman wide receiver DeAnthony Arnett to transfer to a program to be closer to his ailing father, as long as that school is not one Tennessee plays or competes against for recruits.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 242 14,959
MORTGAGES 111 255 19,585
FORECLOSURE NOTICES 21 43 3,838
BUILDING PERMITS 153 512 35,842
BANKRUPTCIES 61 182 14,216
BUSINESS LICENSES 18 104 5,095
UTILITY CONNECTIONS 76 246 21,679
MARRIAGE LICENSES 16 75 4,632

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