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VOL. TMN-6 | NO. 22 | Saturday, May 25, 2013
Weekly Issue

Memphis in the Meantime

Tourism marketing shifts into high gear as summer approaches

The city’s tourism and travel industry is thriving as a one-of-a-kind destination for leisure and business travelers, but industry insiders believe a larger, technologically updated convention center is needed in years to come if Memphis wants to remain competitive in bringing larger groups to town.

Editorial: Convention Center Likely Years Away

Nashville cut the ribbon this month on Music City Center, its massive new convention center that some Memphis leaders would like to match.

EMPHASIS Commercial Real Estate

‘All Options Open’

One Commerce Square stakeholders look to backfill Pinnacle space

It’s been almost two years since Pinnacle Airlines moved more than 600 employees into the One Commerce Square building Downtown.

Optimism Returns to Industrial Market

Following the bloody recession and its brutal aftermath, one word has begun to creep back into the local industrial real estate lexicon: optimism.

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Building Relationships Key to Barden’s Success

For Will Barden of Colliers International, cultivating his network of relationships is vital to his success over the past 16 years in the Memphis office real estate market.

Shopping Center Group Sees Retail Starting to Rally

The Shopping Center Group is seeing activity perk up a bit in 2013 following several years of sluggishness in the local retail market due to the recent recession.

THE MEMPHIS NEWS ALMANAC

May 24-30: This week in Memphis history

1993: St. Luke’s United Methodist Church, 480 S. Highland St., issued $1.5 million in construction bonds to finance a Christian Life Center behind the church.

Funding Conundrum

County Commission examines schools budget proposal

There were times this week at the Shelby County Commission when the debate over school funding and the schools merger made the superintendent of the consolidated school system more spectator than presenter.

Seed Hatchery Teams Begin Next Steps

Participants in this year’s cohort of the Seed Hatchery startup accelerator now face perhaps the most important piece of the 90-day program that puts them through an entrepreneurship boot camp.

Strategic Science

Robotics competition makes technology priority for high school students

On a recent Wednesday afternoon, Memphis high school students guided Frisbee-flinging robots around a large room at Medtronic Spine’s headquarters.

Changes Coming to Literacy Mid-South

Major changes are on the way to Literacy Mid-South, which has been helping adults and young adults learn to read for nearly four decades.

Local Startup Chosen for Launch TN Conference

Memphis’ startup community will have a presence next month at Southland, Launch Tennessee’s new conference highlighting Southern culture and technology to be held in Nashville.

State Concerns Blow Up City Budget

When the administration of Memphis Mayor A C Wharton Jr. went to the state earlier this year for approval of a $112.4 million refunding bonds issuance, it was the second time in four years City Hall had used a debt tactic known as “scoop and toss.”

Changing Current

Uptown waterfront plan shifts redevelopment focus to neglected area

The Uptown waterfront along the Wolf River Harbor – the area of the rejuvenated Uptown neighborhood that has for the most part been left out of the revitalization – could soon become a bustling waterfront village, according to a recently released master plan for the area.

AutoZone Beats Forecast in Third Quarter

AutoZone Inc.’s just-ended fiscal third quarter results show why it’s a rarity among public companies.

Shelby County Tax Rate Endgame Takes Shape

To some it’s a calculation with no binding effect on what is to come. To others on the Shelby County Commission it is an indication that a county property tax increase is about to be railroaded through.

Suburbs Return School Districts to Ballot

As three of Shelby County’s six suburban towns and cities locked in July 16 referendums on forming municipal school districts, there were indications of renewed discussions between the suburban leaders and Shelby County Commissioners on the terms of forming those districts.

Hopping to It

New bus tour venture showcases city to tourists

Its tagline is Hop On, Tune In and Rock Out. That’s a bite-sized description of what the new Memphis Hop bus service that launched earlier this month, with the goal of whisking Memphians and tourists to several local cultural attractions, is all about.

Women’s Health in Tennessee Garners ‘C’ Grade

Women’s overall health in Tennessee improved to a grade of C, but there’s still plenty of room for improvement, according to the Tennessee Women’s Health Report Card.

Achievement School District Adds High School

The state-run Achievement School District ventures into high school territory in August with the start of its second school year.

Local Demand Drives Southwest Service

Memphis residents hope that Southwest Airlines Co.’s Nov. 3 arrival will bring more frequent flight service and lower fares.

National Economy Headlines Seminar

The next installment of The Daily News’ ongoing seminar series will offer a comprehensive look at the state of the economy, with insight from a panel of thought leaders and a keynote from the chief economic strategist of Vining Sparks IBG LP.

SPORTS

Grizzlies Confident Despite Odds Against Them

The Grizzlies have to win four of five to beat the San Antonio Spurs and advance to the NBA Finals. In other words, if reality itself could hold up a towel it would read: “I don’t bluff.”

Can Grizz Dig Out of Conference Finals Hole?

So the family room is full for Game 2 of the Western Conference Finals. It’s the third quarter, or maybe early in the fourth, and there’s a moment of quiet.

MEMPHIS STANDOUT

Lincoln Charged With Selling Memphis to World

There is a surge these days in Memphis boosterism, but there may be no one else with their pulse more on what is new and exciting and worth celebrating in the city than Rashana Lincoln.

MEMPHIS LAW TALK

Love of Public Service Drives Caldwell to Law School Role

In 2008, the Tennessee Supreme Court laid out a strategic plan to get attorneys more involved in pro bono work.

MEMPHIS NEWSMAKERS

Kramer Given Crystal Award by Carwash Association

Bruce Kramer, an attorney with Apperson Crump PLC, has been given the Crystal Award by the International Carwash Association for his 20 years of service as the association’s general counsel. The association, which was started in Memphis in 1955, is comprised of 15,000 professional car wash operators, retailers and suppliers in 25 nations.

REAL ESTATE RECAP

Cresthaven Medical Building Sells for $2.5 Million

1068 Cresthaven Road Memphis, TN 38119

SMALL BUSINESS SPOTLIGHT

Midtown Yoga Owner Bends Over Backward for Clients

Those who practice yoga are known to be very flexible, and the new owner of Midtown Yoga is especially grateful for that fact.

LOCAL COLUMNISTS

23 Groans: For the Pun of It

ONCE A PUN A TIME. If it’s held up by this column, I’m about to be robbed of my reputation. Forgive the pun.

No Vision, No Gifts

Part one of three-part series on transformational giving. Philanthropy makes front-page news with the announcement of large, transformational gifts. Think Bill Gates. Oprah Winfrey. Warren Buffet. With the news comes the question, “What would it take for us to receive such a gift?” This three-part series seeks to provide insights that can help nonprofits begin a conversation that may itself be transformational.

Consider Retirement Funds Before Job Change

Ray’s Take Job hopping, especially in the early years, is more common than ever. Careers are more evolutionary now, as the days of lifetime jobs seem long gone. However, a lot of retirement savings can wind up lost if care is not taken when changing jobs.

Commencement Address – Part 1

(With apologies to Schmick, Wheelan, Rowling, Lamott, Wallace, Sedaris and others, here is the graduation speech I’ve never been asked to give – in two parts.)

Boosting Email Newsletter Results

These days most businesses invest in e-newsletter campaigns, but few realize a return on that significant time investment. Developing a results-driven email newsletter strategy is more of a science than an art, as technological advancements provide a wealth of information about what readers want.

Measuring Innovation With Money

But will it make real money? Innovation is such a heady, ill-defined concept. Innovation is one of those words – like strategy or creativity – that means either nothing or something different to anyone who hears it. But when handled correctly, genuine innovations are the lifeblood of any company’s continued health and success.

The 'Sell in May' Story

The “Sell in May, and Go Away” slogan is common vernacular within the investment sphere. However, for some of our readers who might not be as familiar with this phrase, we will use this week’s writings to review.

Teaching New Dogs Timeless Tricks

You might say that I’m a veteran in the real estate industry. A half a century in the business probably earns me that title. Much has changed since my uncle Russel Wilkinson and partner Robert Snowden founded Wilkinson & Snowden in 1946, the predecessor company to today’s Colliers International office in Memphis. In fact, Russel and Bob were the first to develop industrial real estate of any consequence here. Today there are more than 220 million square feet of industrial space in the Memphis metropolitan market.

The Myth of Rationality

Do decisive people base their decisions on rational factors or do they often rely on intuition and emotions? According to Jan Halper’s book “Quite Desperation: The Truth About Successful Men,” if the truth were known, most executives rely more on emotional factors when making important decisions.

'We Made a Mistake'

Like a carpenter who utilizes an arsenal of powerful tools with extreme caution – because they hold enough power to accidentally saw off a finger or a hand – PR professionals carefully craft statements and key messages for brands because they too have the potential to “cut off” something valuable to a company – like an entire target audience. The statement “we made a mistake” is one of the most powerful declarations a brand can make, but as with all powerful things, it must be used carefully and with precision.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 43 12,074
MORTGAGES 0 78 15,834
FORECLOSURE NOTICES 0 0 3,130
BUILDING PERMITS 0 0 28,832
BANKRUPTCIES 3 100 11,771
BUSINESS LICENSES 0 18 4,292
UTILITY CONNECTIONS 0 190 17,922
MARRIAGE LICENSES 0 43 3,711

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