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VOL. TMN-7 | NO. 17 | Saturday, April 19, 2014
Weekly Issue

No Bluffing

Grizzlies defy odds by scratching, clawing way into playoffs

Each season the last home game at FedExForum is Fan Appreciation Night and a Grizzlies’ player is charged with grabbing the microphone and walking to center court to say a few words before tip-off.

Editorial: Memphis Must Make Time for Civic Renewal

New beginnings are a constant throughout our lives as well as the seasons -- religious, cultural, natural, even sports – that many of us rely on to mark the path those lives take.

EMPHASIS Technology

High-Tech Workshop

Creatives at archer-malmo cook up high-tech projects in new lab

Give a crew of tech-savvy creatives a digital sandbox in which to stretch their imagination, and they’re liable to build something fun and inventive that requires so much inspiration it feeds back into their real job.

MentorMe Startup, Founder Continue to Thrive

Memphian Brittany Fitzpatrick’s startup MentorMe is on a roll, having secured a six-figure round of funding after graduating from Memphis’ Seed Hatchery accelerator as well as the NewMe accelerator program in San Francisco.

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EVENTS

The Africa in April Cultural Awareness Festival will be held Friday, April 18, through Sunday, April 20, in Robert R. Church Park, at the corner of Fourth and Beale streets. The festival includes festivities, food, arts/crafts and music showcasing the honored country of Burkina Faso. Visit africainapril.org for a schedule.

more events »

Crews Center Finds Place in Startup Landscape

At the Crews Center for Entrepreneurship at the University of Memphis, a feeder system for the rest of the city’s technology, innovation and entrepreneurial ecosystem is slowly coming together.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: April 18-24

1984: On the front page of The Daily News: Studebaker’s was about to open in the Overton Square space that had been Playhouse on the Square. The Dallas-based chain of diners featured a Memphis version that was heavy on the neon and Elvis and 1950s nostalgia decor with waitresses in poodle skirts or cheerleader outfits and doormen with white sports coats and carnations.

Year on The Bridge

Memphis street paper celebrates anniversary

In a tiny chapel at St. Mary’s Episcopal Cathedral, a group of three people listened intently last week as traffic whizzed by an open door onto Poplar Avenue on the other side of a wrought iron fence.

Commercial Real Estate Sales Up 6.1 Percent In March

Shelby County recorded 208 commercial real estate sales in the first quarter, according to real estate information company Chandler Reports, www.chandlerreports.com.

Election Commission May Move Initial Early Voting Site

Shelby County Election Commissioners certified the ballot Wednesday, April 16, for the Aug. 7 state and federal primary elections and the nonpartisan judicial and Shelby County Schools board elections on what politicos call the “big ballot.”

Smoother Take-Off

TSA PreCheck lands at Memphis International

Andrew Taylor flies out of Memphis International Airport frequently for business and leisure.

ABA President Silkenat Shares Notion Of ‘Civil Gideon’

The president of the American Bar Association sees at least a discussion on the way about a “civil Gideon” – a requirement that a citizen who cannot afford an attorney in a civil court proceeding should have one appointed by the court.

AutoZone Park Field to Get Makeover at Season’s End

This season the Memphis Redbirds are celebrating their 15th year playing at AutoZone Park and the stadium at Third and Union is still a head-turner, even after all these years.

Council Questions Five-Year Wharton Plan

It’s usually a quick bottom line for any local government budget proposal – does it mean a property tax hike?

Southbrook Mall Plans Simmer

If the city is going to spend money on a renovation of the Southbrook Mall in Whitehaven, it should be part of a larger plan for Whitehaven and tie in to the aerotropolis concept.

Jones Grows Into Legislative Career

Some people are born into politics; others grow into a political career. For Tennessee Rep. Sherry Jones, it was a little bit of both.

Winter Drags Down Q1 Building Permits

Shelby County’s homebuilding industry, plagued by poor weather early in 2014, got off to a slow start in the first quarter, with builders filing 14.2 percent fewer permits than in the same three-month period a year ago.

Upward Mobility

Gateway Group Personnel, clients’ careers reaching new heights

In hindsight, the story started exactly as it should have.

March Building Permits Drop 35 Percent

Homebuilding declined significantly in March compared to a year ago, with builders filing 35.2 percent fewer permits than last year.

Archer-Malmo Adds Staff, Expands Downtown

For Memphis-based marketing communications agency archer-malmo, the story has been consistent, with a trajectory that seems to only go in one direction.

Mortgage Market Sees Small First-Quarter Gains

Shelby County’s mortgage market started off 2014 a bit tame, not as chilly as the weather but not exactly bursting with energy either.

Mortgage Market Sees Small First-Quarter Gains

Shelby County’s mortgage market started off 2014 a bit tame, not as chilly as the weather but not exactly bursting with energy either.

New Media Explosion

Flurry of digital media outlets launching in Memphis

One of the defining features of a traditional newspaper is the content bundle, a broad selection of topics and stories meant to appeal to the widest group of readers possible.

Brewery Project Looks for Answers

When the Untapped event at the Tennessee Brewery ends June 1, the fortress-like landmark on the south bluffs will still be tentatively slated for demolition in August.

Housing Market Stumbles in First Quarter

Shelby County home sales slowed in the first quarter when compared to the same three-month period in 2013.

Lewellen Endures in Collierville Hot Seat

James Lewellen has been town administrator for Collierville for 18 years, which is about 16 years more than he expected for a non-elected full-time position known for short stays that end abruptly after elections that produce new mayors.

Shelby County Home Sales Up 6 Percent in March

Shelby County home sales increased in March when compared to the same month last year.

I Choose Memphis: Ragan Washburn

“I Choose Memphis” spotlights Memphians who are passionate about calling this community home. New Memphis Institute provides the profiles.

SPORTS

Redbirds’ Grichuk Aiming to Make a Name

It’s going to come up, so let’s get it out of the way now: Randal Grichuk was selected one pick ahead of Mike Trout in the opening round of the June 2009 First-Year-Player Draft.

Grizzlies Share Similar Season with Champs

When the Miami Heat came to town in early April, they were not the two-time defending NBA champions as much as they were the next obstacle between the Grizzlies and their desired destination: The Western Conference playoffs.

NEWSMAKERS

Aghabeg Joins Gateway Group as Controller

Angela Aghabeg has joined temporary staffing and executive search firm Gateway Group Personnel as controller. In her new role, Aghabeg is responsible for the maintenance and accuracy of the general ledger and compliance with governmental reporting requirements and tax filings. She also is accountable for compiling historical and current data and financial records and preparing monthly financial statements for analysis and projections.

REAL ESTATE RECAP

Dallas Company Buys Macon Road Center

6100 Macon Road, Memphis, TN 38134, Sale Amount: $1.2 million, -
An affiliate of Dallas-based The PNL Cos. has paid $1.2 million for the 30,000-square-foot shopping center at 6100 Macon Road in Northeast Memphis.

SMALL BUSINESS

Distinctive Design Touches Will Dominate Belly Acres

From a visual standpoint, there will be no mistaking Belly Acres, the farm-to-table burger restaurant coming to Overton Square at 2102 Trimble Place, once it opens in the next couple of months.

LOCAL COLUMNISTS

Hands Up, You’re in Tennessee

ARMED AND DANGEROUS. I got an email last week from a White Station classmate.

Unconventional Career Advice

Conventional wisdom seems to indicate that the steps to finding a new job are writing a resume, and then applying to job postings online. Soon after, every company will contact you for an interview and after one meeting, you’ll get a great offer and start just a few weeks later. Months after trying this method, jobseekers feel frustrated and confused.

Understanding Job Change and Your 401(k)

Ray’s take: A recent CareerBuilder survey shows that one in five workers said they plan to change jobs this year or next.

February Has Stock Market ‘Reboot’

Frustrating. A word often used to describe computers, smartphones, tablets and, quite often, the stock market.

Fantasy Games and Online Gambling

Despite the federal prohibition of “online gambling,” fantasy sports are cropping up everywhere – especially last month during March Madness and now as baseball season gets underway.

Intaxicating Humor

To file or not to file? For an extension, that is. Indeed, this is the question. For mid-April is upon us yet again.

A Calling Card That Speaks Volumes

For those in marketing, there is never, ever enough time in the day to get it all done. That’s why savvy marketers seek passive marketing strategies to compliment their more active techniques. It’s like having a secret squad at work for you 24/7.

Return to Value

Last week, we discussed that the wrestling match between stimulus and global debt deleveraging will continue to create anxiety and volatility for investors. Viewing the world through this prism helps to clarify seemingly baffling market movements.

The Business Case for Investing in Green Space

Editor’s Note: This column will appear Tuesdays through April in honor of Sustainability Month for Memphis and Shelby County.

How to Work With a Fundraising Professional

Part one in a two-part series. Are you an executive director who wonders why his development staff doesn’t raise more money? A college president who wishes her vice president was ahead of goal?

Enjoy the Brewery While It's Still Here

I’ve been looking at the Tennessee Brewery for years. I used to have an office next door, and now from my agency’s current location, I can see its majestic, Romanesque arched windows towering over the South Main Arts District.

Backend of Innovation

Many of the CEOs we talk to tell us that they have more growth ideas than they know what to do with. It seems like there is a universal love affair with generating ideas but less enthusiasm when it comes to figuring out which ideas are the most commercially viable and how to actually implement.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 41 41 17,762
MORTGAGES 70 70 23,138
FORECLOSURE NOTICES 1 1 4,519
BUILDING PERMITS 0 0 42,157
BANKRUPTCIES 50 50 16,741
BUSINESS LICENSES 14 14 5,795
UTILITY CONNECTIONS 113 113 25,287
MARRIAGE LICENSES 18 18 5,399

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