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VOL. 131 | NO. 18 | Tuesday, January 26, 2016

Five Mud Island Proposals Go Public

A Memphis resort hotel group headed by mortgage banker and hotel manager Paul Westphal is proposing a 500-room resort hotel and spa in Mud Island River Park that would incorporate the island’s River Walk in its lobby.

Collierville Board Grants FedEx Tax Break Extension

The Collierville Board of Mayor and Aldermen ratified a 20-year tax break for the FedEx World Technology Center during its Monday, Jan. 25, meeting.

Verso Files For Bankruptcy Reorganization

Verso Corp. filed Tuesday, Jan. 26, for Chapter 11 federal bankruptcy reorganization.

International Real Estate Firms Find Purchase Potential in Memphis

International investors and developers are increasingly looking to Memphis because the market is stable and the returns are high, according to a variety of real estate professionals doing business locally.

Kroger to Roll Out Online Ordering In Memphis

Kroger plans to bring its online ordering system to the Memphis area soon, expanding a program it’s already rolled out elsewhere in Tennessee that includes employees bringing orders outside to the waiting customer.

Local Weather
Currently
Memphis, TN
41.0°F
A Few Clouds
Wind: Northwest at 3.5 mph
Humidity: 62%

EVENTS

The Mutual Fund Store will host a free event titled “The 5 Biggest Risks to Your Retirement” Tuesday, Jan. 26, from 6 p.m. to 8 p.m. in the Germantown Great Hall, 1900 S. Germantown Road. Call 901-751-7222 or visit mutualfundstore.com to reserve a seat.

more events »

Last Word: Kroger Disses Clarence Saunders, Mud Island Plans and The Australians

What is old has become new again. And judging by your reaction to Andy Meek’s story on the Kroger plans for online ordering of groceries, what is old has gone viral as well.

Morgan: Permanent Overton Park Fix Will Take Time

The Memphis City Council member whose district includes Overton Park says there is no immediate permanent fix for the greensward controversy beyond the zoo continuing to park cars there.

Logistics Startup Exec: Amazon Gunning for FedEx

The number of voices in the technology world convinced that Amazon has stuck a target on the back of FedEx – as well as its larger competitor, UPS – continues to grow.

U of M Notebook: ‘Bad Loss,’ Says Josh Pastner

A two-game losing streak in a college basketball season isn’t that unusual. But for the University of Memphis, the current two-game skid has set off alarms.

REAL ESTATE RECAP

Belz Sells Linden Camilla Towers for $14.4 Million

256 S. Camilla Street, Memphis, TN 38104 -
An entity affiliated with Belz Enterprises has sold the Linden Camilla Towers in Midtown for $14.4 million.

LOCAL COLUMNISTS

Secrets to An Empowered Fundraising Team

This is the fifth in a series focused on the prerequisites for fundraising success.

STATE GOVERNMENT

Dem Chair: State House GOP Leaders Should Resign Over Durham

NASHVILLE, Tenn. (AP) — The chairwoman of the Tennessee Democratic Party is calling on House Republican leaders to resign over their handling of Rep. Jeremy Durham and sexual harassment at the Tennessee General Assembly.

STATEWIDE

Closure of Sprint Facility to Affect More Than 400 Jobs

BLOUNTVILLE, Tenn. (AP) — The closure of a Sprint customer care facility in Sullivan County is expected to impact 444 jobs.

NATIONAL GOVERNMENT

High Court Upholds Government's Energy Conservation Program

WASHINGTON (AP) — In a win for the Obama administration and environmental groups, the Supreme Court on Monday upheld a 5-year-old federal program that pays large electric customers to save energy during times of peak demand.

US ECONOMY

A Month After Raising Rates, Fed Faces Darker Global Economy

WASHINGTON (AP) — Since the Federal Reserve raised interest rates from record lows last month, the global picture has darkened. Stock markets have plunged. Oil prices have skidded. China's leaders have struggled to steer the world's second-biggest economy.

NATIONAL BUSINESS

Breakfast Bump: McDonald's US Sales Jump 5.7 Percent

NEW YORK (AP) — McDonald's says offering breakfast around the clock helped jolt its sales.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 46 229 20,995
MORTGAGES 74 248 24,609
FORECLOSURE NOTICES 0 27 8,637
BUILDING PERMITS 478 837 43,174
BANKRUPTCIES 61 177 14,079
BUSINESS LICENSES 12 58 6,459
UTILITY CONNECTIONS 29 114 13,625
MARRIAGE LICENSES 20 67 5,136

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