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VOL. TMN-8 | NO. 2 | Saturday, January 3, 2015
Weekly Issue

Building the Base

New alliance to create strong workforce foundation

It was late September, and local officials were deeply engaged with retail giant Target as the company explored investing in an online fulfillment center in Memphis when the discussions turned toward a familiar subject.

Editorial: Creating Jobs Isn't the End, It's Just the Beginning

The best way to raise the pay and other benefits from new jobs coming to the Memphis area is through a better-trained workforce.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: January 2-8

1975: Shelby County officials held a public hearing on a proposed new highway starting at Highway 51 just south of the Millington city limits going east and then south to link up to the Interstate 40 junction at Airline Road in Arlington. Today it is Paul Barret Parkway.

Ardent to Continue in Music Business, Not for Sale

Two weeks after the death of Ardent Studios founder John Fry, the Midtown recording studio and music business has answered questions about the future of the enterprise.

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EVENTS

Memphis Botanic Garden and Artists’ Link will host the Incognito Art Exhibit, featuring unsigned works by 100 Mid-South artists, Friday, Jan. 8, through Jan. 30 at the garden, 750 Cherry Road. The show will culminate in an art gala and silent auction Jan. 30. Admission to the exhibit is free; tickets to the gala are $25 for members and $35 for nonmembers. Visit memphisbotanicgarden.com/incognito or call 901-636-4131.

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Graceland Jets on Auction Block

Two jets once owned by Elvis Presley that have been part of tours of Graceland since the mid-1980s are going on the auction block, the auction company authorized by Graceland announced Friday, Jan. 2.

Loeb Acquires Newby’s Restaurant Space

Memphis-based Loeb Properties has acquired one of the most venerable locations on the Highland strip.

Craft Soda Factory Planned for Broad District

A craft soda factory in the works is headed to warehouse space on Broad Avenue. That’s the plan Memphis restaurateur Taylor Berger announced on New Year’s Day, when he unveiled the vision for “Bottoms Up Soda.”

Bioworks Helped Spur Memphis Economy in 2014

In a variety of ways, the biosciences industry in Memphis helped lead the way in 2014 in terms of job creation and laying a foundation for economic growth in the future.

Political Back Pages

City Hall tumult in 2014 began years ago

Even in the best of times, the relationship between any Memphis mayor and any group of 13 on the Memphis City Council is adversarial. That has been the intent of the structure of city government since the mayor-council form of government took effect in 1968.

County Sees New Faces, New Directions

There was a lot of moving around in Shelby County government in 2014, much of it the literal kind as the Vasco Smith County Administration Building was remodeled.

Big Deals Highlight 2014 Real Estate

In Inked, we like to highlight local real estate transactions and the often-interesting companies leasing or buying commercial real estate space in the Memphis market. We also like to keep you informed about major deals before they happen and track companies that are critical to the local economy. Here are some important items that appeared in Inked in 2014.

Shelby County Homebuilding Activity Continues to Slow

Homebuilding in Shelby County was off last year’s pace again in November, with builders pulling fewer permits and selling fewer homes than in November 2013.

Square Moves

2014 big year for Overton Square’s growth

This year saw the continuation of Overton Square’s comeback, with another flurry of openings and moves to the square as the site of crowds and the sound of music continues to increasingly fill the restaurant and entertainment district.

Memphis Brand Enjoys Banner 2014

That thing that might best be described as the Memphis brand has enjoyed something of a banner year in 2014.

Retailers Setting Eyes on Memphis

The Memphis-area retail sector, fueled by several new retailers entering the market and a massive amount of grocery-based activity, experienced a strong 2014.

Local Charities' Needs Visible During Holidays

Local charities get a lot of attention during the holiday season. But those running the nonprofits are quick to point out that their work goes on year-round. And the holiday season can be a time of great stress for those who rely on their programs, despite the extra attention.

School Transitions

2014 wraps up historic year of education changes

In the uniquely timed world of education, a year can be defined several ways, and while one of those years is underway, planning for the next one has already begun.

Airport Officials Ready for New Reality

It was a year of massive change at Memphis International Airport with continued cuts from the dominant airline there, new or increased service from other carriers and the beginnings of a concourse modernization plan to craft a cozier, more customer-friendly Concourse.

$200,000 in Grants Awarded to Nonprofits

The Community Foundation of Greater Memphis has approved grants in its Nonprofit Capacity Building funding category that total more than $200,000.

SPORTS

Grizzlies Hope to Continue Building Off Spurs Defeat

MEMPHIS, Tenn. (AP) – The Memphis Grizzlies made sure early that they didn't go to triple overtime again against the San Antonio Spurs.

20 Years Later, Titans Again at Rock Bottom

The lockers have been cleaned out, the shoulder pads and helmets taken up to be cleaned and stored.

NCAA Contenders Include the 'Little Guys'

Every March they become the nation's darlings.

UT’s Tyndall Winning Fans Despite NCAA Investigation

KNOXVILLE – Donnie Tyndall has hardly slowed down since the former Southern Miss head coach took over Tennessee’s basketball program in April.

UT’s Baulkman on Tyndall: ‘He’s a Cool Dude’

Devon Baulkman won’t forget his first impression of University of Tennessee basketball coach Donnie Tyndall a couple of years ago.

NEWSMAKERS

Totty Joins Gateway Group Personnel

Justin Totty has joined Gateway Group Personnel as a research associate in the company’s executive search division. In his new role, Totty focuses on sourcing the best candidates for clients across numerous fields and industries, specifically targeting accounting, finance and engineering.

REAL ESTATE RECAP

Fogelman Affiliate Files Loan on Former Cozymel’s Site

6450 Poplar Ave., Memphis, TN 38119, Loan Amount: $6.1 million -
A company affiliated with Robert F. Fogelman II has filed a loan on a key piece of East Memphis land.

SMALL BUSINESS

Love Pop Soda Shop Brings Something New to South Main

The newly opened soda shop with the memorable name on South Main Street is a place where customers can satisfy their taste for a sweet drink and where the owners work to stimulate a love of the city the shop calls home.

LOCAL COLUMNISTS

‘Hidden’ Fees and Charges Add Up

Ray’s take: It’s the beginning of a new year, a time for reflection and taking stock. New Year’s resolutions typically are significant changes. Big changes are difficult. I suggest considering a series of little ones. Your odds are better and the little fees and charges in our lives can add up and throw our budgets and plans off track.

Returns, Happy and Other

A repeating scene in “Breaking Bad,” which I’ve now watched twice, involves the protagonist’s birthday. Skyler White (Anna Gunn) breaks up bacon strips on the plate of her husband Walter (Bryan Cranston), arranging them into the digits that indicate his age.

A Cool Ending to 2014

As is so often the story, 2014 ended with others seeing more in us than we see in ourselves.

Making Career Resolutions for the New Year

Happy New Year! The holidays flew by this season. If you’re in disbelief that we’re starting a new year, you’re not alone. Just learning to say “2015” may take a little time.

Four Transformational Sales Resolutions

Change is hard for most people, but only through change can we grow. The New Year is the perfect time to take a hard look at what worked in your sales approach and what didn’t deliver for you in 2014, to break ineffective sales habits, and to resolve to adjust your approach. 

Your 2015 Secret to Success

We often start the new year with enthusiasm and high expectations, and yet by year-end so many of our great plans are unfulfilled. Will 2015 be another year of doing the same thing and expecting different results, or will this truly be a new year?

Travel Trends for 2015

When traveling in 2015, we are more likely to consider sleeping on someone’s couch, possibly renting their whole apartment for a few days or even sharing a meal with complete strangers.

A Long And Winding Road

Pennsylvania Hospital, the first hospital, was founded in 1751 by Dr. Thomas Bond and Benjamin Franklin in order to “care for the sick-poor and insane who were wandering the streets of Philadelphia.”

TENNESSEE LEDGER
Nashville Edition

Rental Showdown

Airbnb, other services take flight in Nashville as regulations lag

Tiffany H., 43, has found the perfect way to make money. It’s close to home, easy-to-manage and gives her the flexibility she needs as a busy mom shuttling two children back and forth to two different schools each day.

Cities Across Tennessee Deal With Short-Term Rental Safety, Zoning Issues

Nashville isn’t the only city struggling with how to handle short-term rental properties.

Airbnb, VRBO Offer Parallels to Online Music

Butch Spyridon, president and CEO of the Nashville Convention and Visitors Corp., understands short-term rental sites like HomeAway, VRBO and Airbnb aren’t going away and are beneficial for visitors and neighborhoods.

End Run Gives Realtor a Come-From-Behind Win

While the sale of 3306 Belmont Boulevard for $350,000 will not make any Top 10 lists, it was a win in which both teams – buyers and sellers – played well with time expiring.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 312 16,192
MORTGAGES 86 293 18,685
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 332 655 33,126
BANKRUPTCIES 50 237 10,737
BUSINESS LICENSES 26 112 5,198
UTILITY CONNECTIONS 0 127 11,344
MARRIAGE LICENSES 19 94 3,867

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