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VOL. TMN-8 | NO. 32 | Saturday, August 1, 2015
Weekly Issue

'En Fuego'

Retail, industrial activity heat up Memphis' commercial real estate

When Southaven Mayor Darren Musselwhite took office in June 2013, one of the first tasks that landed on his desk was a long-planned regional outlet mall.

Editorial: Medical Center Needs United Development Plan

Memphis Medical Center institutions have been talking for more than a year about a common strategy for developing the historic area.

THE MEMPHIS NEWS ALMANAC

This Week in Memphis History: July 31-August 6

2009: After a false start earlier in the year, Willie Herenton’s resignation as mayor takes effect. He leaves office as the city’s longest-serving mayor two years after winning a fifth term.

Magna Shareholders Approve Merger with Pinnacle

Another step towards the merger of Memphis-based Magna Bank with Nashville-based Pinnacle Bank has been checked off the list, with Magna shareholders voting Friday in favor of the transaction.

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European Union to Probe FedEx Takeover of TNT

European Union regulators are opening an in-depth probe into whether FedEx's proposed $4.9 billion takeover of Dutch company TNT Express would strangle competition in the massive market for small package deliveries.

Frayser Flexibility

First tenant in renovated retail strip causing ripple effect

Steve Lockwood could see the retail row across North Watkins Street from his office at the Frayser Community Development Corp. in the Georgian Hills Shopping Center.

Earnings Season Roundup

International Paper Reports Q2 Earnings Growth: International Paper reports its second-quarter net earnings grew while net sales for the quarter decreased slightly.

UTHSC Prepares for Construction on New Drug Facility

The University of Tennessee Health Science Center has big plans for the facility it's planning at 208 S. Dudley St.

Dr. J, a Luxury Car Dealer and a Swindle

The day before he pleaded guilty to fraud charges in Memphis federal court, Michael G. Brown got a phone call from Julius “Dr. J” Erving.

Memphis Police Oversight Ordinance Back on Track After Wharton Backtracks

Two days after an aide in Memphis Mayor A C Wharton Jr.’s administration said the mayor was against any changes to the 1994 city ordinance governing a Civilian Law Enforcement Review Board, Wharton himself said he is for the proposed changes.

Family Room

GiVE 365 grant helping Dorothy Day House educate on homeless families

Family homelessness may be an extraordinarily difficult problem to solve, but in Sister Maureen Griner’s experience many homeless families are just regular folks.

Warehouse At Perimeter Point Sells for $775,000

A Perimeter Point industrial building has been sold for $775,000.

First Tennessee Promotes Walker to Lead Diversity Efforts

First Tennessee Bank has made a key executive promotion to help enhance the myriad diversity and inclusion efforts within the bank, among its customers and in the communities it serves.

TCAP Scores: Math and Science Gains, Reading Scores Down in Memphis

They aren’t out of the state’s bottom 5 percent. But three Memphis schools where parents and teachers last year vocalized their opposition to Achievement School District control are off the potential takeover list.

Repair, Fence Ordered For Downtown Building

The owner of a long-vacant Downtown building that suffered a partial roof collapse last week following heavy rain must erect “appropriate” fencing around the structure, according to Shelby County Environmental Court Judge Larry Potter.

Sparks Fly at Cooper-Young Mayoral Forum

Memphis Mayor A C Wharton Jr. was the target of two Memphis City Council members challenging him during most of a Cooper-Young political forum Tuesday, July 28.

Cooking Companies

Kitchen incubator launches to order up startup activity

One indication of the pervasiveness of an area’s startup culture is arguably the presence of incubators and accelerators focused on a variety of narrow purposes.

LYFE Kitchen, 5 Spot Seek Approval for New Signage

Two Downtown businesses, including the Chisca Hotel, are seeking approval from regulators for new external signs.

Lot Shortage Looms Over Shelby County

A shortage of developed lots in Shelby County is dragging down the new housing market, according to homebuilding officials.

Tax Revenue Reopens Budget Wounds

The largest portion of $22 million in extra tax revenue collected by Shelby County Trustee David Lenoir will go to local public education, county commissioners said Monday, July 27.

Black Lodge Video Looking for New Home

Black Lodge Video’s story has been one of improbable survival, as one by one over the years the independent movie rental shop saw its competitors fall and close their doors.

‘Play Together’

Medical Center anchors come together for redevelopment plan

The Memphis Medical Center is a hotbed of nationally renowned research and health care, but after dark the area might as well be dead.

Bedrock Eats & Sweets Opens Downtown

One of the newest additions to the Downtown dining scene is a healthy eating option that Brandi Marter has expanded from a commercial kitchen in YoLo’s Midtown location to now a space of her own.

County Term-Limit Changes Proposed

Just as the ballot was set for the October Memphis elections last week, some politicos were laying the groundwork for the 2016 election season in Shelby County.

Speakers Set For Inaugural TEDxMemphis Event

A few weeks from now, Memphians will have a chance to hear from Kimbal Musk, the brother of billionaire Tesla founder Elon Musk, about his plans for the restaurant and garden concepts he’s bringing to Memphis.

I Choose Memphis: Kenneth Burnett

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

SPORTS

Grizzlies Double-Down on ‘Nasty’ With Addition of Once-Heartless Matt Barnes

Here's the Matt Barnes resume ...

Memphis Touchdown Club Scores With 2015 Speaker Lineup

Often, the lineup of speakers for the Touchdown Club of Memphis includes one or more coaches on the hot seat. But this season, University of Memphis coach Justin Fuente, Tennessee coach Butch Jones, Ole Miss coach Hugh Freeze and Mississippi State coach Dan Mullen all are coming off strong seasons.

Wrigley No-No? You Had To Be There.

This is a story about a no-hitter. But even more, a story about being an eye witness.

Mariota Brings a Little Hope to Titans Training Camp

The Tennessee Titans are overdue to get one right. For the third time in nine years, the Titans have spent a first-round pick on a quarterback, this time taking 2014 Heisman Trophy winner Marcus Mariota with the second overall pick last May.

Sports Shorts

Five Memphis Tigers Claim Scholar-Athlete Awards: Five University of Memphis student-athletes claimed Scholar-Athlete Sport Excellence Awards for their efforts on the field and in the classroom during the 2014-15 season, the American Athletic Conference has announced.

MEMPHIS NEWSMAKERS

Daniel Allen Joins Red Door As Financial Adviser

Daniel Allen has joined Red Door Wealth Management as vice president, financial adviser, marking Red Door’s first hire of a financial adviser since its inception in 2010. In his new role, Allen helps develop client relationships and financial strategies that solve complex financial issues and create value for clients.

REAL ESTATE RECAP

Houston Levee Apartments In Cordova Fetch $17.5M

9940 Paddle Wheel Drive, Cordova, TN 38016 -
The Houston Levee Apartments community in Cordova has been sold for $17.5 million.

SMALL BUSINESS

Family, Art Bleed Into History At House of Mtenzi Museum

Part performing arts space and part family scrapbook come-to-life, the House of Mtenzi Museum is made to “tell the story of forgotten legends,” according to owner Stanley Campbell.

LOCAL COLUMNISTS

Haunted History, A Story Retold

WORRY ABOUT THE DOGS. Depending on who’s talking and when, history around Fort Pillow changes.

How to Say Thank You

One important component to any job search is the art of saying thank you. It may seem cliché, but saying thanks never gets old. Expressing thanks shows your appreciation for others and nurtures your connections for future interactions.

Spending Every Dime – Is It Feasible?

Ray’s Take In the good old days, when you retired you got a gold watch and a pension and didn’t worry about much else.

‘Franklin the Plagiarist’ Revisited

It’s been said that the Web is a Mecca for writers who are not good to start with and don’t know how to rewrite, revise and edit.

The Evolution Of Consultative Sales Process

Consultative selling is a discovery-based approach that puts the sales professional in the enviable role of partner or adviser versus the stereotypical pushy rep looking to close a deal at any cost.

Departing Thoughts from Asia

This entry will be my last submission penned while living in Asia, so rather than discuss the market’s recent wiggles, I thought I would share some top of mind takeaways as I prepare to depart Hong Kong.

Nonprofit Fundraising Values

Values are at the heart of a nonprofit and its operations. Our question to readers: What are your fundraising values?

Same-Sex Marriage Ruling Means Changes for Benefits

On June 26, 2015, in the case of Obergefell v. Hodges, the U.S. Supreme Court recognized that all couples, regardless of gender, have a fundamental right to marry. The court also directed states to issue marriage certificates to same-sex couples, and to recognize same-sex marriages performed in states that previously recognized this union. This decision will impact employee benefits in a number of ways.

The Corporate Inquisition Of Intuition

While there are clear benefits of data and analytics when applied to growth efforts, a widespread, unhealthy dependence on a purely analytical approach to business cripples too many corporations.

TENNESSEE LEDGER
Knoxville Edition

Unlikely Path

Cassius Cash treks a career path from Memphis to Great Smoky Mountains superintendent

It all started on whim. Cassius Cash was on his way to band practice at the University of Arkansas when he decided to practice his interview skills instead.

Short History of the Nation's Most-Visited National Park

In 1899, the Appalachian National Park Association began discussing the concept for a 12,000-square-mile park in parts of North and South Carolina, Georgia, Virginia and Tennessee.

Bear, Tourist Interactions Change Over Years

Perhaps the most iconic symbol of the Great Smoky Mountains National Park, the black bear, or Ursus americanus.

Nashville Edition

Moving Slowly, Growing Quickly

Pedal-powered vehicles, electric carts find open lane in Downtown Nashville congestion

Time was, crossing Lower Broadway safely only meant dodging woozy country music fans, speeding cabs and the occasional errant tour bus.

Car2Go to Offer Car-Share Service in Nashville

The Austin-based car-sharing company Car2Go plans to drive into the Nashville market next year, offering residents in the downtown core yet another way of getting around.

New Closing Regulations Create Title Company Anxiety

Real estate is still hot in the Nashville area, with July expected to be another record month. Even so, showings seem to be slowing, and listings mounting.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 98 376 10,434
MORTGAGES 124 449 13,881
FORECLOSURE NOTICES 14 56 2,766
BUILDING PERMITS 196 798 23,420
BANKRUPTCIES 68 264 8,803
BUSINESS LICENSES 24 77 3,613
UTILITY CONNECTIONS 251 637 13,380
MARRIAGE LICENSES 21 93 3,117

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