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VOL. 129 | NO. 225 | Tuesday, November 18, 2014

Loeb Buys Office Complex in Heart of East Memphis

Loeb Properties has acquired an office complex in the heart of East Memphis, the company’s first major acquisition since it bought Overton Square in July 2012.

Exhibiting Soul

New Stax photo exhibit showcases legends, lesser-knowns

For more than a year, award-winning photographer and New York native Thom Gilbert has been shooting portraits of oil drillers in Texas, fishermen in Alaska, coal miners, cowboys, Detroit auto assembly workers – a group of people he refers to as “iconic Americans.”

KPMG Signs Lease in East Memphis, Leaving Downtown

After a year-long study of different options, audit, tax and advisory firm KPMG has made its move from Downtown to East Memphis official with its announcement today of the signing of a 10-year 3-month lease at Highwoods Properties’ Triad Centre III at 6070 Poplar Ave.

Medtronic Spine Second-Quarter Revenue Up Slightly

Medtronic Spine has reported a 1 percent increase in revenue for the second quarter of fiscal year 2015, reporting quarterly revenue of $746 million on a constant currency basis.

Memphis Selected to Host 2017 NCAA Regional

The NCAA Tournament is returning to Memphis and FedExForum in 2017.

Local Weather
Currently
Memphis, TN
46.0°F
Mostly Cloudy
Wind: from the Southwest at 9.2 gusting to 18.4 mph
Humidity: 56%

EVENTS

Memphis Grizzlies and BlueCross BlueShield of Tennessee will host a family-friendly event Tuesday, Nov. 18, from 5 p.m. to 6 p.m. near the giant Grizzlies jersey in Tom Lee Park Downtown. Attendees can register for a Fitness Trail Passport, and those who complete all six stations will be in the running for prizes, including tickets to Grizzlies opening night and autographed items. Visit getriverfit.com.

more events »

Wharton Begins Re-Election Fundraising

Memphis Mayor A C Wharton Jr. told a group of supporters Monday, Nov. 17, at his first re-election fundraiser that he is running to win and in the race for a second full term to stay.

City Council to Consider Police Funding

Memphis City Council members will consider Tuesday, Nov. 18, taking $1 million from city reserves to fully fund an additional Memphis police recruit class in the current fiscal year.

Commission Compromise Promises to End Rules Lawsuit

Shelby County commissioners appeared Monday, Nov. 17, to have a compromise in place that will lead to the lawsuit filed by seven commissioners against chairman Justin Ford being dropped as early as Tuesday.

School Phase-Ins Show Complicated Evolution

In 2 1/2 academic years, the state-run Achievement School District has had greater success in terms of student achievement with charter organizations that take over a grade or two at a time instead of all at once.

Paragon Bank Launches Wealth Solutions Group

Paragon Bank has formed a wealth solutions division, a group of six led by president and managing director Dan Overbey, in a move beyond its traditional banking services to offer a new suite of products to customers.

SEC West Race Opens Up to Possibilities

“One of the greatest drives in Alabama history, probably.”

GOVERNMENT AGENDA

November 18 Memphis City Council Agenda

The Memphis City Council will meet Tuesday, Nov. 18, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for an agenda.

REAL ESTATE RECAP

Elvis Presley Enterprises Seeks $70 Million Building Permit for Hotel

3600 Elvis Presley Blvd., Memphis, TN 38116, Permit Amount: $70 million -
Elvis Presley Enterprises is ready to shake, rattle and roll on its planned hotel near Graceland.

LOCAL COLUMNISTS

The Wise Donor: Moving Beyond Emotion

It’s always good to give. To give from our hearts, according to our beliefs, and in line with our vision for the world we want to live in. There is a renewed emphasis now as we enter the giving season.

Handling the Stress of Thanksgiving Air Travel

Do you plan on traveling over the Thanksgiving holiday? You’re not alone, as Airlines for America has projected 24.6 million passengers will travel globally on U.S. airlines during the 12-day Thanksgiving travel period.

REGIONAL

Mississippi Governor Seeks Tax Cut for Lower Earners

JACKSON, Miss. (AP) – Gov. Phil Bryant wants to cut income taxes for low-earning Mississippians as part of his 2016 budget proposal.

NATIONAL GOVERNMENT

Court to Consider When Second Mortgage Can Be Void

WASHINGTON (AP) – The Supreme Court said Monday it will decide whether homeowners who declare bankruptcy can void a second mortgage if the home's market value has dropped below the amount they owe on the first mortgage.

US Pension Insurer Ran Record $62 Billion Deficit in 2014

WASHINGTON (AP) – The federal agency that insures pensions for about 41 million Americans saw its deficit nearly double in the latest fiscal year. The agency said the worsening finances of some multi-employer pension plans mainly caused the increased deficit.

HEALTH CARE

US, German Drugmakers Team Up on Cancer Medicines

TRENTON, N.J. (AP) – Pfizer said Monday that it will partner with German drug and chemical maker Merck in developing potential cancer drugs in a hot new medication class that harnesses the body's immune system to fight cancer.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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