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VOL. 130 | NO. 8 | Tuesday, January 13, 2015

New York Investor to Buy Raymond James Tower

A New York-based investor is under contract to purchase the Raymond James tower on Front Street Downtown, one of the most recognizable office buildings in the city.

Serving Families

Maria Montessori School fills need for St. Jude families

Brennan Simkins is 12 years old and he’s had four bone marrow transplants. His mother and father each have been donors.

Collierville Alderman Lott Dies

Collierville alderman Jimmy Lott died Tuesday, Jan. 13, according to town officials.

City Officials Ponder Macy’s Whitehaven Exit

Memphis officials say they were blindsided by the announcement from Macy’s that it was closing its store at Southland Mall in Whitehaven and hope they can prevent more retailers from closing inner city locations.

County Commission Endorses Haslam's Medicaid Expansion Plan

Shelby County Commissioners, including some vocal Republican opponents of the Affordable Care Act in general, are calling on the Tennessee Legislature to approve Tennessee Gov. Bill Haslam’s Insure Tennessee Medicaid expansion plan.

Local Weather
Currently
Memphis, TN
89.0°F
Mostly Cloudy
Wind: Southwest at 9.2 mph
Humidity: 61%

EVENTS

The Center City Revenue Finance Corp. will meet Tuesday, Jan. 13, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

more events »

Tigers Finish Football Season in AP Top 25

Ahead of Notre Dame and LSU and ahead of Nebraska and Oklahoma. That’s where the University of Memphis football team finishes the historic 2014 season by cracking the Associated Press’ final Top 25 rankings for the first time in school history.

City Council Gets Ahead of Self With Vacancy Deadline

The deadline for submitting an application to fill a vacant seat on the Memphis City Council wasn’t necessarily last week, according to a legal opinion from the council’s attorney.

New Coffee Shop Opening Downtown

The Memphis coffee scene keeps expanding, thanks to additions like Dr. Bean’s Coffee and Tea Emporium.

Rudd Defends Relay Partnership For Teachers

The University of Memphis’ College of Education produced 19 teachers last year who are teaching in the 59 lowest performing schools in the Shelby County Schools system.

Overtimes, Trade Dominate Grizz Weekend

The Memphis Grizzlies have played a lot of big games and made a lot of moments in recent years at FedExForum. Sunday’s game against the Phoenix Suns, which required two overtimes and included Tony Allen, aka The Grindfather, hugging an inflatable birthday cake as fans serenaded him, was one of the wilder and stranger ones.

Wright Expects 23 Percent Revenue Growth for Fourth Quarter

Wright Medical Group Inc. expects revenue for fourth quarter 2014 to be approximately $83.3 million, representing growth of 23 percent as reported compared to fourth quarter 2013, the Memphis-based orthopedic company announced Monday, Jan. 12.

Southwind Annexation Moves Past Two New Judges

Chancellor Oscar Carr has been on the bench in Chancery Court four months and he’s already had the kind of case his judicial colleagues warned him about at his formal swearing-in ceremony last week.

Executive Inn Demolition Long Time Coming

The old Executive Inn hotel on Airways Boulevard where Brooks Road dead ends is the latest problem vacant property to be demolished and touted by Memphis Mayor A C Wharton Jr. as another step in his administration’s anti-blight effort.

REAL ESTATE RECAP

Bank of Bartlett Buys Germantown Property

1870 Kirby Parkway, Germantown, TN 38138, Sale Amount: $4.1 million -
Bank of Bartlett has bought back a site on Kirby Parkway in Germantown for $4.1 million.

LOCAL COLUMNISTS

Recommit To Fundraising

Is fundraising at the top of your to-do list for 2015? Are you ready to recommit to help ensure the vitality of your nonprofit or college? Will you sign your fundraising commitment form again? What?!? Your organization doesn’t use one? Now is the time to change that.

Discovering Winter Hotel Deals

I’ve never been a big fan of winter travel. I don’t care for snow and cold, and I’m not really interested in paying heftier prices for tropical destinations. But I have experienced a regional city from time to time, like Atlanta in February last year.

STATEWIDE

Coalition Announces Effort to Preserve Nashville's Music Row

NASHVILLE, Tenn. (AP) – Fresh off their successful effort to prevent the demolition of a Nashville studio that once recorded the likes of Elvis Presley, Willie Nelson and Waylon Jennings, advocates want to include all of the city's Music Row area in their preservation efforts.

State Agrees to Close Developmental Center

GREENEVILLE, Tenn. (AP) – State officials have agreed to close a large facility in East Tennessee that houses mentally disabled people, but local officials say they will argue to keep it open.

NATIONAL BUSINESS

2 Airlines Were Targets of Attempt to Steal Customers' Miles

DALLAS (AP) – Thieves with stolen usernames and passwords have broken into customer accounts at American and United airlines and in some cases booked free trips or upgrades.

Millions More People to Get Their Credit Score for Free

NEW YORK (AP) – Millions more people will have free access to their FICO credit score this year. That's good news for consumers, since the number is widely used by lenders to check potential borrowers' financial health.

NATIONAL GOVERNMENT

Obama: With Tech Advances Come Privacy Risks for US

WASHINGTON (AP) – President Barack Obama on Monday proposed strengthening laws against identity theft by requiring notification when consumer information is hacked, providing more free access to credit scores and protecting students' private data.

Social Security Won't Seize Tax Refunds to Collect Old Debts

WASHINGTON (AP) – People who owe old debts to the Social Security Administration are getting a reprieve this tax season: The federal government won't be seizing their tax refunds.

Key US Military Command's Twitter, YouTube Sites Hacked

WASHINGTON (AP) – Hackers claiming to work on behalf of Islamic State militants seized control of the Twitter and YouTube sites of the military's U.S. Central Command on Monday. The Pentagon swiftly suspended the sites and said it appears that no classified material was breached.

HEALTH CARE

Got Help Paying for Health Care? Watch Your Mailbox

WASHINGTON (AP) – If you're among the millions of consumers who got financial help for health insurance last year under President Barack Obama's law, better keep an eye on your mailbox.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 83 223 16,103
MORTGAGES 62 207 18,599
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 323 32,794
BANKRUPTCIES 66 187 10,687
BUSINESS LICENSES 28 86 5,172
UTILITY CONNECTIONS 37 127 11,344
MARRIAGE LICENSES 15 75 3,848

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