VOL. 127 | NO. 137 | Monday, July 16, 2012
Hillwood Investment Properties has bought an industrial portfolio in Southeast Memphis for $37.25 million from TIAA Realty Inc., augmenting the Dallas-based commercial real estate firm’s budding local footprint.
SPECIAL EMPHASIS: Business of Entertainment
Growth in venues leads to more concert opportunities
Memphis’ “Live at the Garden” summer concert series may soon have a permanent stage structure to call home.
It was about a month ago when the company that produced a digital hologram of the late Tupac Shakur that showed up to startling effect on stage at the Coachella Music Festival announced it was working on a similar hologram of Elvis Presley.
After three years of culinary success Downtown, owner Jeff Johnson is looking forward to taking his popular restaurant and bar Local Gastropub to the next level.
Local home sales saw an 11 percent boost during the second quarter of 2012 from the same period last year, and real estate professionals say it’s likely units and sales volume will continue to increase for the remainder of the year.
Much like the second quarter of the year, June’s home sales report saw increases in nearly all categories.
In recent weeks, it sometimes has seemed that Duncan Williams is never in one place for too long.
Three organizations crucial to the redevelopment of the Chisca Hotel will vote this week on blight remediation and development incentives for the historic Downtown property that has been in dilapidated condition for more than 20 years.
Memphis Mayor A C Wharton Jr. said Friday, July 13, that his administration is seeking some ways around property tax bills the city’s newest residents must pay in about two months after a surprise annexation earlier this month.
The day after U.S. District Court Judge Hardy Mays ruled the suburban municipal schools referendums will go ahead as planned, most of the 20 attorneys in his courtroom for the ruling were back before him.
Shelby County Commissioners take the first vote Monday, July 16, on the new countywide Unified Development Code that is nearing a final vote Tuesday at the Memphis City Council.
GOVERNMENT AGENDA
The Shelby County Commission will meet Monday, July 16, at 1:30 p.m. in the Shelby County Administration Building, 160 N. Main St. Click on the meeting icon for a full agenda.
SMALL BUSINESS SPOTLIGHT
Resource Entertainment Group is continuing a steady growth path and looks to expand thanks to a new website as well as management of a new Downtown event space called The Columns.
LOCAL COLUMNISTS
I recently bought a hybrid car. After a few weeks of driving the car, I suddenly became aware that my driving habits were changing significantly. You see, the car has a little indicator on the dashboard that constantly monitors the gas mileage. If I drive the car gently, I can get well over 40 miles per gallon in town on the model that I bought. I’m not sure if this is true for everyone, but in my case I find myself playing a little game with my car. I drive it as gently as possible in an attempt to increase the gas mileage.
THE MEMPHIS NEWS
State’s film industry gets much-needed financial boost
The pot of state money available to spur film production in Tennessee got a couple million dollars richer a few months ago.
The discussion about film and video production incentives has come a long way from the days when incentives meant pile up the cash and push it across the table at the folks from Hollywood.
STATEWIDE
DYERSBURG, Tenn. (AP) — A Mississippi River port in West Tennessee is scheduled for completion in December and officials toured its progress this week.
NASHVILLE, Tenn. (AP) — Tulip poplar trees are dropping yellowed leaves, white pines are shedding second-year needles months early and the depth of damage to Tennessee's trees from the current drought might not be immediately evident.
REGIONAL
OXFORD, Miss. (AP) — White House business officials have told a gathering in Oxford that the latest package of small business incentives calls for accelerating federal payments to government contractors, streamlining paperwork and making it easier for small firms to get access to loans and tax credits.
JACKSON, Miss. (AP) — Mississippi Insurance Commissioner Mike Chaney says work has been completed on a plan for an online marketplace for Mississippians to shop for insurance policies and nothing more needs to be done for now.
NATIONAL BUSINESS
WASHINGTON (AP) — U.S. wholesale prices rose only slightly last month, as higher costs for food and pickup trucks offset another drop in energy prices. But overall inflation stayed mild, leaving the Federal Reserve room to take steps to boost the economy.
WASHINGTON (AP) — The Federal Reserve Bank of New York released documents Friday that show it learned five years ago of big banks understating their borrowing costs to manipulate a key interest rate.
NEW YORK (AP) — Oil prices rose for a third straight day on Friday after China said its economy grew as expected in the second quarter.