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VOL. 129 | NO. 249 | Tuesday, December 23, 2014

E-Commerce Shift Could Benefit Region

The Target online distribution center slated to open in Memphis next year is not only a major jobs generator in an area desperate for them, it could signal the region’s arrival as an e-commerce-based distribution hub, according to real estate experts.

‘Amazing Food’ Explosion

New site focuses on city’s growing restaurant scene

John Minervini quickly turns giddy whenever he’s talking about the food scene in Memphis.

Powell Providing Solid Point Guard Play

As a team, the Tigers still have way more turnovers than assists – 165 to 127. Giving the ball away remains an issue even as the University of Memphis has reeled off three straight wins and is very likely to win a fourth in a row Tuesday night, Dec. 23, at FedExForum against Western Illinois.

Wharton Defends Local Tax Incentives, Searches for New Methods to Compete

Memphis Mayor A C Wharton Jr. is pursuing a new economic development strategy that would allow those parts of Tennessee bordering other states to mirror or match the incentives on the other side of the state line.

Area Hospitals Penalized for Avoidable Complications

Regional One Health and Baptist Memorial Hospital-Memphis are among the 721 hospitals that the federal government is penalizing for having high rates of infections and other patient injuries.

REAL ESTATE RECAP

Two In-Rel Properties Fetch $16.8 Million

6263 Poplar Ave. and, 2670 Union Ave. Extended, Memphis, TN -
Affiliates of Clark Tower owner In-Rel Properties Inc. sold two of the company’s other Memphis office buildings to a private equity firm for $16.8 million as part of a larger portfolio transaction.

LOCAL COLUMNISTS

Gifts for Family Travelers

It’s Christmas season, and that means it’s gift time. And with the big day a couple of days away, if you’re still looking for ideas for presents, you might be in trouble. While these gifts for family travelers aren’t really the type one “opens,” per se, they might be appreciated more than the latest gadget.

STATE GOVERNMENT

Tennessee Joins Multistate Lawsuit Over Immigration

NASHVILLE, Tenn. (AP) – Tennessee is joining a multistate lawsuit seeking to halt President Barack Obama's executive action on immigration, state Attorney General Herbert Slatery announced Monday.

REGIONAL

Mississippi Casino Revenue Fall on River Casino Weakness

JACKSON, Miss. (AP) – Mississippi casino revenue fell in November, as continued weakness at casinos along the Mississippi River outweighed gains on the Gulf Coast.

NATIONAL BUSINESS

It's Down to the Wire for Online Shopping

ATLANTA (AP) – As the holiday shopping season winds down, FedEx, UPS and online retailers are using the last few days to try to avoid the problems that occurred last year when severe winter weather and a surge in late orders from shoppers caused delivery delays.

Caesars Entertainment to Buy Affiliate

LAS VEGAS (AP) Caesars Entertainment Corporation says it will buy an affiliate as it tries to smooth the reorganization of a struggling division and balance its debt load.

US Companies Eager to Embrace Cuba Face Hurdles

WASHINGTON (AP) – Cargill aims to sell more corn and soybeans. MasterCard covets another site for Americans to swipe credit cards. Marriott sees beachfront property that needs hotels.

REAL ESTATE

US Home Sales Hit Slowest Pace in 6 Months in November

WASHINGTON (AP) – Fewer Americans bought homes in November as buying slid to its slowest pace in six months.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 209 209 16,401
MORTGAGES 252 252 18,937
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 393 393 33,519
BANKRUPTCIES 124 124 10,861
BUSINESS LICENSES 57 57 5,255
UTILITY CONNECTIONS 102 102 11,446
MARRIAGE LICENSES 70 70 3,937

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