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VOL. TMN-8 | NO. 45 | Saturday, October 31, 2015
Weekly Issue

Mix It Up

Memphis’ real estate development industry on a mixed-use tear

Memphis’ development eye is turning inward and upward as mixed-use projects are becoming more common than ever before.

Jimmy, Rosalynn Carter Coming to Memphis for Habitat for Humanity Build

Jimmy Carter is set to participate in a Habitat for Humanity build in Memphis Monday, an appearance at which the former president will be joined by his wife, Rosalynn, and Habitat for Humanity International CEO Jonathan Reckford.

Publisher’s Letter: Ch-Ch-Ch-Changes

When we launched The Memphis News more than seven years ago, some people thought I was crazy. “Print is dead,” they told me. “Within a couple of years, everything’s going to be read on a tablet.”

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: October 30-November 5

2010: Election day in Memphis and Shelby County with a referendum on the first metro government charter to reach the ballot in 39 years. The proposed charter for a consolidated Memphis-Shelby County government narrowly passes in the city with 51 percent of the votes – a margin of 2,337 over those voting no. However, the dual referendum is crushed in the parts of the county outside Memphis – with 85 percent, or 76,988, voting against it compared to 13,633 votes for it.

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EVENTS

“Memphis Noir” release party, hosted by Crosstown Arts and The Booksellers at Laurelwood, will be held Tuesday, Nov. 3, at 6 p.m. at Crosstown Arts’ Story Booth, 438 N. Cleveland St. The anthology’s editors and several contributors will be in attendance. Visit thebooksellersatlaurelwood.com.

more events »

FedEx, TNT Express Extend Merger Acceptance Period

The acceptance period for FedEx Corp.’s scheduled acquisition of TNT Express has been extended to Jan. 8.

EMPHASIS Commercial Real Estate

Office, Industrial Real Estate Enjoy Strong Third Quarter

Memphis’ industrial and office sectors are seeing healthy activity, and some areas are experiencing record fundamentals.

Retail Market Boosted by Groceries, Small Business

The third quarter of 2015 was a busy one for the retail sector with a lot of activity derived from grocery stores and small businesses.

Multifamily Investments Hold Steady in 2015

The numbers continue at a relatively steady pace, but signals are there that the multifamily market in Shelby County is on its way to pre-recession levels.

Orgill to Build New World HQ in Collierville

Orgill Inc. is going to build its new world headquarters in Collierville, bringing a $15 million investment and 115 new jobs.

Central Station Design Plans Come Into Clearer Focus

A six-screen movie theater and nine multistoried apartment buildings with a total of about 200 units are among the updates in the recently submitted plan for the redevelopment of Central Station.

Memphis Music Initiative Launches With $20M Strategy

A pair of music-focused enterprises in Memphis are investing in the city’s homegrown music talent and helping cultivate a music ecosystem here.

State Systems Inc. Buys New HQ

One of the Economic Development Growth Engine’s latest payment-in-lieu-of-taxes recipients is expanding its market footprint and real estate holdings with the recent purchase of seven Memphis properties.

Could Amazon Challenge FedEx?

Imitation may be the sincerest form of flattery, but depending on who’s doing the imitating, it could also represent a major threat.

Mo’s Bows CEO Named One of TIME’s ‘Most Influential Teens’

When one of Memphis’ youngest CEOs took the first steps toward what would become his internationally recognized company Mo’s Bows, he did it under the watchful eye of his grandmother, who showed him how to use her scrap fabric to make and sell his own ties.

Analysis: AutoZone Firing on All Cylinders, But Still Room for a Tune-Up in Places

AutoZone finds itself in a position at the moment that any retailer would surely envy.

MDOT to Widen I-55 in DeSoto County

DeSoto County officials have held fast that the Interstate 55 interchange at Church Road needs to be fixed to accommodate a higher volume of motorists headed to the Tanger Outlets Store.

ASD Considers Five Schools, Three Charters

The state-run Achievement School District is considering taking in up to five failing Memphis schools as part of its operations in the 2016-17 school year – all to be run by charter school operators.

WEVL Celebrates Independence, Good Music in Memphis

Downloadable podcasts, iTunes, YouTube, Spotify, Pandora – digital services like these and others have played a big part in replacing what a younger generation thinks of radio.

Shelby County Election Commission Changes Preparations Following Tabulation Issues

The 2015 Memphis elections are in the books as the Shelby County Election Commission certified the results Friday, Oct. 28.

Dress for Success Gives ‘Extra Push’ Many Women Need

Tyria Perkins knows things have changed. A lot. “As an ex-hiring manager myself, it’s totally different now,” said Perkins, the professional women’s group coordinator for Dress for Success Memphis. “Back in my day, slacks were totally unacceptable for a job interview.”

International Paper CEO: 'Find a Way to Be Relevant'

International Paper chairman and CEO Mark Sutton, who’s been the top executive at the Memphis-based paper and packaging products giant for almost a year now, has some pretty basic guideposts for being a good leader.

Tanger Southaven Expected To Drive More DeSoto County Retail

At its grand opening Nov. 20, Tanger Outlets Southaven mall will finally see light after years of development.

Big River Crossing’s Visibility Stirs Interest

From Martyrs Park on the Memphis bluff, you can see the Big River Crossing on the north side of the Harahan Bridge taking shape 120 to 180 feet at a time.

MATA Hopes New App Will Lure More Riders

The Memphis Area Transit Authority has launched a new app to bring real-time location tracking to bus users.

Nashville and Knoxville Police Oppose TBI Investigations

The police chiefs of Nashville and Knoxville have come out against a proposed state law that would automatically send fatal police-encounter investigations to the Tennessee Bureau of Investigation.

From Costumes to Candy, Halloween Means Green for Select Retailers

Halloween is big business for the retail industry, whether it’s costumes, candy or party supplies.

Tennessee Education Report Card Shows Some Gains For Shelby County Students

The Tennessee Department of Education’s report card for Shelby County Schools showed a slight increase in the graduation rate.

SERIES Memphis Startups

Musistic Brings Musicians Together

Imagine being an artist who wants to collaborate with another musician who lives five states away or even on another continent.

SweetBio Uses Honey for Oral Healing

Honey is more than just a sweet substance for SweetBio. It’s the main ingredient in the healing process that comes with its guided tissue regeneration membrane that will be used in oral surgeries.

MyCollegeSTREAM Opens Social Media Doors

When high school students choose a college, more than financial aid availability and potential majors go into the decision.

FrontDesk Connect Brings Concierge to App

Imagine toting luggage up a hotel elevator and down a corridor to the room, only to find that the key doesn’t work. Carrying bags back down to the lobby to get a new key is an inconvenience at best and downright pain at worst, especially if carrying a couple of bags, maybe a cranky child or two and hurrying to head back out on the town for dinner.

LendMed Wants to Track Health Care Sharing

Through conversations with health care industry professionals, Ryan Freiden saw a need he thought he could fill.

SPORTS

Ugly Beginning: Grizz Start Season With 30-Point Loss to Cleveland

It was two hours before tip-off of the first game of the Memphis Grizzlies’ season. Fans were not yet inside FedExForum, but there was an air of anticipation because in the pro sports world opening night is like its own New Year’s Day.

Paxton Lynch: The Helmet Still Fits

Google will give you the truth. Put in a name – say, Hillary Clinton – and watch what happens.

Memphis Tennis Tournament’s New Owners Hope to Rejuvenate Annual Event

Another year, and another new owner of the Memphis men’s professional tennis tournament with big plans for restoring luster to the event – this time as the Memphis Open presented by ServiceMaster celebrates its 40th year.

New Math: Whisenhunt Explains Atlanta Game Plan

When a team loses five games in a row, everything is magnified.

Success Looks Like Five-Game Win Streak For Vols

Leaves are changing colors, a chill is in the fall air and Tennessee’s football schedule is getting softer.

NEWSMAKERS

O’Brien Joins Sullivan’s Creative Team

Chris O’Brien has joined Sullivan Branding’s creative team as group creative director. In this role, O’Brien specializes in the design, development, and implementation of creative campaigns. He’s also responsible for overseeing the agency’s creative operations and product.

REAL ESTATE RECAP

Trinity Ridge Business Center Sells for $16M

7730, 7740, 7750, 7760, 7866 Trinity Road, Cordova, TN 38018, Sale Amount: $16 million -
California-based Corsair Boulevard LLC, affiliated with Libitzky Property Cos., has purchased the Trinity Ridge Business Center in Cordova for $16 million, according to a special warranty deed signed Oct. 15.

SMALL BUSINESS

Caissa Public Strategy Works Behind The Scenes for Clients

The word public, by its definition, seems to say out in the open.

LOCAL COLUMNISTS

Can We Talk?

WE’RE SIMPLY NOT COMMUNICATING. I’ve been saying for years that our city, as a city, does not understand or value the role of marketing and branding in the city’s game plan.

ESPN Announces Layoff

With the NBA basketball season just starting up, ESPN has made an announcement that may seem quite shocking. They are planning to lay off 300 employees, or 4 percent of their 8,000-person workforce. Given that ESPN is a worldwide authority in sports, this news seems a bit jarring at first.

Traits That Lead to Better Finances

Ray’s Take Saving money isn’t all about whether or not you know how to score the bargain of the century every time. It has more to do with your habits and attitude toward money. Understanding the impact of personal traits on finances is essential for building wealth.

No Pain

“Boy that feels good!” I exclaimed this morning.

Bipartisan Brakes for Governor Haslam’s Privatization Push

Plans to put Tennessee’s real estate and government operations in the hands of private business are much further along than Gov. Bill Haslam would like people to think.

How Training Can Sabotage A Sales Team

Institute training. This is number six of 14 key points W. Edwards Demings offers managers to improve effectiveness in an organization.

Celebrity Selfies And Businesses’ Legal Obligations

Suppose your company sponsors a newsworthy charitable event at your offices and local celebrities attend. After the event, you have numerous selfies of yourself and your employees with those celebrities. You want to put some of these photographs on your company’s website, but you don’t want to go to the trouble of getting the celebrities’ permission before you upload them.

What You Should Know About Renters Insurance

Did you know that only 31 percent of renters in the United States have renters insurance? Those of us in the real estate industry consider that startlingly low. But why should you consider renters insurance?

Can You Afford To Apply For A Large Grant?

Big money attracts big dreams. Imagine what your organization could do with a large sum of money. Large could be $25,000 or it could be $25 million. It all depends on your operating budget. Whether you say “yes” to big money, or turn down an opportunity can impact your organization – and Memphis – for years to come. Learn three questions to ask before making a decision.

Check Your Passport Before Traveling

A couple of weeks ago, my family drove north across the border into Canada. We had our passports ready, and after a few basic questions we were granted entry and drove along our way.

Rally Tally

Having promoted the necessity of a solid GDP report from China to secure recent gains, I am happy to assert that, according to the data, the Chinese economy remains aloft…which was all the market needed to hear.

Strategic Foresight For Key Projects

Here are notes from the back end of Innovation conference 2015, in San Jose, California. These tips come from a workshop led by Tamara Carleton, Innovation Leadership Board LLC.

I Choose Memphis: Teddy Gorman

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

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 331 19,904
MORTGAGES 0 391 23,305
FORECLOSURE NOTICES 0 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 1 232 13,336
BUSINESS LICENSES 0 76 6,213
UTILITY CONNECTIONS 0 125 13,120
MARRIAGE LICENSES 0 94 4,936

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