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VOL. TMN-10 | NO. 1 | Saturday, December 31, 2016
Weekly Issue

Strickland, Herenton Seek Larger, More Focused Volunteerism Efforts

Memphis Mayor Jim Strickland and former Memphis Mayor Willie Herenton pointed to a better coordinated form of volunteerism in 2017 at Strickland’s first annual New Year’s Prayer Breakfast.

Riding Momentum

Memphis-area economy poised to continue on growth trajectory in 2017

Around this time each year, everyone tends to start fetishizing the blank slate a bit, with its attendant allure of reinvention and that sweeping away of the old order to make way for what comes next.

EDITORIAL

Editorial: 3 Questions Memphis Must Address in 2017

The events of 2016 are the questions of 2017. And you can’t leave the answers to the questions about what will happen in 2017 to themselves.

Georgia Rallies to Beat TCU 31-23 in Liberty Bowl

MEMPHIS, Tenn. (AP) — Nick Chubb ran for 142 yards and a touchdown Friday as Georgia beat TCU 31-23 in the Liberty Bowl to win a bowl game for the third straight year.

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Last Call: Economic Indicator Survey Closes On Dec. 31

Memphis-based FedEx Corp. rightfully is considered an economic bellwether because of the front-line view the package delivery giant has on economic activity thanks to consumers’ purchasing and shipping habits.

UT Mobile Stroke Unit Saving Lives in First Months on Streets

With just more than four months on Memphis streets since its debut, the College of Medicine at the University of Tennessee Health Science Center is already seeing impressive results from its new Mobile Stroke Unit.

THE MEMPHIS NEWS ALMANAC

This Week in Memphis History: Dec. 30, 2016-Jan. 5, 2017

2013: On the front page of the Daily News, Club Crave on the northeast corner of Fourth and Beale streets has been closed as a public nuisance under a General Sessions Environmental Court order. The order followed a Christmas Eve shooting at the club that killed one person and injured two more.

SMALL BUSINESS SPOTLIGHT

Mahaffey Tent & Event Rentals: All Grown Up, Flexing Creative Muscle

The beginning of Mahaffey Tent & Event Rentals goes all the back to 1924, when three brothers – Owen, Gene and Earl Mahaffey – got their start making awnings, canvas tarpaulins and cotton pick sacks.

REAL ESTATE & DEVELOPMENT

Nordstrom Rack Files $1.5M Permit For Memphis Store

Nordstrom Rack is moving one step closer to opening an East Memphis location in 2017.

Arlington Schools Pulls $3M Permit for New Central Office

Arlington Community Schools is seeking a $3 million building permit to construct a two-story administration building on Arlington Trail.

REAL ESTATE RECAP

Midtown Retail Property Sells for $5 Million

1625 Poplar Avenue -
A Midtown Memphis strip mall is changing hands for $5 million, according to a special warranty deed filed with the Shelby County Register of Deeds on Dec. 21. 

MEMPHIS NEWSMAKERS

Reid Inaugurated as President Of WestTNHBA Board

James Reid, president of Memphis-based homebuilder Reid Homes Inc., has been inaugurated as board president of the West Tennessee Home Builders Association. Reid previously served as the 2016 vice president of the WestTNHBA executive committee and chairman of the 2016 VESTA Home Show.

COMMUNITY

Awards Recognize Highest Ideals of Public Service

Public service is a worthy legacy, and one that the Rotary Club of Memphis East wants to recognize and encourage in the next generation.

UrbanArt Commission and Planning Division Team Up for Memphis 3.0

The UrbanArt Commission’s partnership with the city-county Division of Planning and Development to hire three artists to join the Memphis 3.0 team is the commission’s “most exciting development” in its relationship with the city in more than a decade.

DOWNTOWN

Beale Street ‘Stuck at Status Quo’

When the guitar drops on Beale Street to mark the start of 2017, it will also mark three years that the Downtown Memphis Commission has been running day-to-day affairs of the Beale Street entertainment district.

LAW ENFORCEMENT

Memphis Adopts Version of Ceasefire

A gun and gang violence program pioneered in Boston 20 years ago is coming to Memphis in the wake of a record year for homicides.

EDUCATION

Three Closing ASD Charter Schools Signal Larger Changes

KIPP Memphis Collegiate Schools plans to close a middle school it operates under the state-run Achievement School District at the end of the current school year.

2016: YEAR IN REVIEW

Many New Restaurants, Food Businesses Served Up in 2016

In a few weeks, the East Memphis space that once housed Cosmic Coconut will host a grand opening for its new incarnation.

Memphis Bridge Protest Underscores 2016 National Narrative on Race, Police

It was a year to the month since Memphis Police officer Connor Schilling shot and fatally wounded Darrius Stewart during a traffic stop in Hickory Hill. Stewart’s death in July 2015 and a subsequent decision by a Shelby County grand jury that Schilling would face no state criminal charges was still an issue in Memphis. This past July, it became the local face of a resumed national narrative.

Presidential Election Tops Busy Year for Memphis Voters

2016 was an eventful election year in Shelby County, ending with the most popular voting cycle in Shelby County politics: the U.S. presidential general election in November. Slightly more than 60 percent of the county’s voters cast a ballot either during early voting in October or on the Nov. 8 Election Day.

Logistics Sector Preps for Logging Devices

While Memphis’ distribution and logistics sectors continued to prosper in 2016, legislative changes and proposed improvements to the infrastructure of Lamar Avenue were among the year’s top local headlines for the industry.

Arrests, Metal Barriers, Lawsuits All Played Role in Greensward Parking Compromise

Spring at City Hall is budget season and it can be stormy for a new mayor, not to mention a city council with six new members. But that wasn’t the case in 2016.

Change Defines Education Landscape in 2016

By the time Rhodes College trustees made their choice in December of Marjorie Hass as the college’s new president, higher education in Memphis had been through quite a few changes.

Memphis Residential Real Estate Market Remains Healthy in 2016

A strong year in the Memphis-area residential real estate market has the potential to carry over into 2017 and even beyond.

Large Deals, Office Construction Among Memphis' Commercial Real Estate Trends

Coming off of a strong year in 2015, the commercial real estate market in the Memphis metropolitan area continued to do well in 2016.

New Flights, Lower Fares Highlight Eventful 2016 for Memphis Airport

2016 was a big year for Memphis International Airport. New flights, lower airfares and ongoing adjustments to life after the Delta Air Lines Inc. de-hubbing were the permeating themes of 2016.

Memphis Health Care Thrives With Investments, Growth

Methodist Healthcare made a “great commitment” to Memphis this year. Those are the words of Methodist University Hospital CEO Jeff Liebman, who referenced the health care system’s multimillion-dollar investment into its flagship hospital at 1265 Union Ave., part of a master plan that will give the facility a modern overhaul.

Nonprofits Raised Value In 2016 In Many Ways

In any given year, charitable giving might rise or fall. But when the Chronical of Philanthropy analyzed the giving of the country’s 50 largest cities via Internal Revenue Service data, it captured a larger sample size: 2006 through 2012.

2016: Not Too Many Banking Industry Surprises

When shareholders of First Tennessee Bank’s Memphis-based parent company convened in April at the bank’s Downtown Memphis headquarters for their annual meeting, the whole thing wrapped up in about 10 minutes.

New Coaches Highlight Past Year in Memphis Sports

As always, you can categorize the sports year by the wins and losses. By the Grizzlies making a sixth straight playoff appearance and by the University of Memphis football team going to a third consecutive bowl game. And by the Big 12 eliminating U of M from the expansion process before the league ditched the idea altogether.

SPORTS

What Lies Ahead for UT Athletics in 2017

Hey Vols fans, Happy New Year. May your 2017 year in Tennessee sports be better than your 2016 year in Tennessee sports. Perhaps, a fresh start is what we all need. Let’s face it. The Music City Bowl wasn’t where Tennessee wanted the 2016 football season to end. The Vols were picked to win the SEC East Division in preseason and floundered to an 8-4 record in the regular season, 4-4 in the SEC. Their football season was about the norm for most UT sports in 2016: average. Here are some dates to mark in hope of better things ahead in 2017...

Titaned Up: Success Found In Big Moves, Smallest Details

Most critics of last year’s Tennessee Titans saw unsettled ownership, a revolving door of coaches and a lack of talent at key positions.

Win Against Texans Would Have Psychological Benefits

The 2016 season isn’t going to end the way the Tennessee Titans wanted it to. Last week’s loss at Jacksonville, coupled with a field goal miss by Cincinnati’s Randy Bullock against Houston, extinguished the Titans’ playoff hopes on a Christmas Eve that went from good to bad to ugly – rather quickly. The Titans lost their playoff hopes and quarterback Marcus Mariota to a broken fibula.

Strunk has Provided Long-Missing Ownership Stability

Since becoming controlling owner of the Titans in March 2015, it has become customary for Amy Adams Strunk to spend a half-hour or so on the sideline visiting with coaches and players prior to games.

LOCAL COLUMNISTS

The Importance of Giving

The holiday season is the most popular time of year for businesses to give back to a charity of choice. In fact, the National Center for Charitable Statistics reports that more than 50 percent of nonprofits polled in a recent study received a quarter of their contributions between October and December.

Fixed Costs: Overhead That May Be Costing You Too Much

Ray’s Take There’s an old cash flow joke about having too much month at the end of the money. It’s usually more a function of spending than earning. For most people there’s a lot more control over the expenditures side of the equation than there is over the income – at least in the short run. So cutting how much you spend on extras sounds great. But how much of your spending can really be reduced or eliminated? Too much “overhead” can result in disaster.

Looking Forward

SEEDS OF SURVIVAL. I know Cary Fowler, a quiet, unassuming high school classmate and Rhodes graduate whose forward-thinking worldview might very well save the planet. At the very least, what he’s doing gives the world something to look forward to in the new year and beyond.

Consider These Disappearing Destinations

See places before they disappear. One of the top travel trends for 2017 focuses on experiences that are likely to change in the near future. That includes Cuba, which also was at the top of travel trends for 2016. But destinations experiencing change also includes those brought on by climate change.

New Technology Gives Everyone a Personal Assistant

If you’re a small-business owner or running a startup, you might dream of having a personal assistant to help you manage your calendar or do inventory of the office supply closet. Luckily, Amazon and Google have developed technology that offers many of the benefits of an assistant for a fraction of the cost.

Parting Words, Growing Orbits

As I read of “Right Stuff” astronaut John Glenn’s Dec. 8 death in Columbus, Ohio, a poem by Rainer Maria Rilke runs through my head. The first stanza goes:

Reinvent Your Career In 2017

Have you ever wondered if you might have picked the wrong career path? If so, you’re not alone. Ask a friend, “How did you end up in your career?” There’s a good chance they’ll say that they just happened to fall into whatever it is that they do.

New Business Ideas for the New Year

It won’t be long before the ball will be dropping in Times Square, signaling a new year and a new start. While people everywhere vow to make changes in their personal lives, businesses should be no different.

‘Love is The Answer’

An Institute for Employment Studies reports that organizations increasing investment in engagement by just 10 percent can increase profits by approximately $2,100 per employee each year. Engaged employees are far more likely to put in extra effort when dealing with customers, working on projects and adapting to changes affecting all organizations today.

The FUNdraising Doctor is In, Part 1

Editor’s note: This is part one in a two-part series. The board of directors of an organization is responsible for its financial health. What does this mean? How do you measure the fundraising health of the board? We at Saad&Shaw suggest a visit to the FUNdraising doctor. A check-up may be in order.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 61 122 17,665
MORTGAGES 82 150 20,576
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 151 334 36,150
BANKRUPTCIES 54 92 11,774
BUSINESS LICENSES 31 59 5,619
UTILITY CONNECTIONS 28 120 12,154
MARRIAGE LICENSES 24 49 4,406

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