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VOL. 130 | NO. 2 | Monday, January 5, 2015

Loeb Acquires Newby’s Restaurant Space

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

Business Development

Junior Achievement takes after-school program to Hooks Library

Today, Larry Colbert is president and CEO of Junior Achievement of Memphis and the Mid-South.

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.

Memphis Industrial Market Rebounds in 2014

The upswing in the industrial real estate sector that started in 2012 and gained momentum in 2013 continued in 2014 and the Memphis market, fueled by several large transactions late in the year, should top 2013's level of around 3.2 million square feet of absorption.

Wharton Indicates Greensward Parking Possible

A New Year’s eve letter from Memphis Mayor A C Wharton Jr. indicates that when spring crowds begin to reach parking capacity in Overton Park, the park’s greensward will be used for overflow automobile parking at the Memphis Zoo.

Local Weather
Currently
Memphis, TN
40.0°F
Fair
Wind: North at 6.9 mph
Humidity: 60%

EVENTS

West Tennessee Historical Society will meet Monday, Jan. 5, at 7 p.m. in Wunderlich Auditorium at Memphis University School, 6191 Park Ave. Episcopal priest Rev. Donald Edgar Mowery will share his story of Youth Service in Memphis Inc. and Youth Service USA. Visit wths-tn.org.

more events »

Bedrock Eats and Sweets Heading Downtown

A new healthy eating outlet is headed Downtown. Bedrock Eats and Sweets founder Brandi Marter has signed a lease to occupy the former Frank’s Market & Deli space Downtown, where she’s bringing the venture she started almost two years ago.

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.”

SMALL BUSINESS

Hollywood Furniture Marks 90 Years in North Memphis

You don’t see many furniture stores that are also hardware stores. But then not many furniture and hardware stores have been around for 90 years – and on the same street corner.

LOCAL COLUMNISTS

Empathy For Successful Innovation

If you unpack the stories of most successful innovations, you’ll find that a deep immersion into the user experience of a product or service is the key that often unlocks the potential of the concept.

The Long Road to ‘Overnight Success’

The label “Overnight Success” has been mistakenly used to describe someone whose achievement is actually the result of a lifetime of hard work, sacrifices and overcoming adversity.

NATIONAL BUSINESS

Final Mothballing Underway at Verso Mill in Maine

PORTLAND, Maine (AP) – A handful of employees at the shuttered Bucksport paper mill will likely remain as caretakers until a metal recycling company takes over the property, the owners said.

LGBT-Owned Businesses Get Diversity Boost

SAN FRANCISCO (AP) – As a Mexican-American woman who started her own consulting firm in Los Angeles, accountant Sonia Luna has taken advantage of programs aimed at helping minority- and women-owned businesses compete for government and corporate contracts. But increasingly, the fact that Luna also is a lesbian entrepreneur hasn't hurt either.

McDonald's Campaign Looks to Rekindle ‘Lovin' ’

NEW YORK (AP) – McDonald's wants to bring back that loving feeling.

Fast-Food Resolution: Transform Junk Food Image

NEW YORK (AP) – Fast-food chains have a New Year's resolution: Drop the junk.

Piano Stores Closing as Fewer Children Taking Up Instrument

BETTENDORF, Iowa (AP) – When Jim Foster opened his piano store 30 years ago, he had 10 competitors selling just pianos.

HEALTH CARE

FDA Drug Approvals Reached 18-Year High in 2014

WASHINGTON (AP) – The Food and Drug Administration approved 41 first-of-a-kind drugs in 2014, including a record number of medicines for rare diseases, pushing the agency's annual tally of drug approvals to its highest level in 18 years.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 307 21,073
MORTGAGES 82 330 24,691
FORECLOSURE NOTICES 66 93 8,703
BUILDING PERMITS 0 837 43,174
BANKRUPTCIES 63 240 14,142
BUSINESS LICENSES 17 75 6,476
UTILITY CONNECTIONS 25 139 13,650
MARRIAGE LICENSES 10 77 5,146

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