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VOL. TMN-8 | NO. 10 | Saturday, February 28, 2015
Weekly Issue

Fresh Selection

Memphis’ food scene, which exploded in 2014, already poised for another breakout year

It would seem I Love Memphis blogger Holly Whitfield was correct last year with a forecast that called for a “permanent Foodnado” in Memphis.

Editorial: Blossoming Food Scene Helping Revitalize Local Places, Tastes

On the other side of a stubborn winter is a spring and summer when many of us will venture out more for food and drink and friends in a city that in recent years has come alive with a food scene that is breaking stereotypes about the Memphis identity.

EMPHASIS Commercial Real Estate

Real Estate Pros Upbeat

Strong 2014 points to healthier commercial market this year

After finally latching on to the broader national economic recovery in 2013, the Memphis-area commercial real estate market shook of the last vestiges of the Great Recession and roared back to life in 2014 with the office, retail, industrial and apartment sectors all producing solid gains.

Commercial Advisors Asset Services Sees Strong Growth

Kemp Conrad joined the asset services team at Cushman & Wakefield/Commercial Advisors in 2007 after CB Richard Ellis acquired his former employer, Trammel Crow Co.

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Housing Crash Sends Beeson Into Commercial Real Estate

Jacque Beeson entered the world of real estate when she was 19-years-old, working as an assistant to a homebuilder developing subdivisions. She stayed in the residential sector for 17 years, until the local housing market bottomed out in 2010.

Loaded For Bear Wins Best of Show at American Advertising Awards

Creative directors from Boston, Las Vegas and New York were charged with judging 675 entries in the AAF Memphis 48th annual American Advertising Awards for creative excellence. The judges were so impressed by the quality of work that they created four additional “Best Of” awards, which recognize the top work of the year.

Co-Branded Hilton to Rise in Germantown

The first major mixed-use development in Germantown’s western gateway zone is moving forward and will include the first co-branded hotel in the Memphis area.

Morris Explains Why He’s Leaving Downtown Memphis Commission

Paul Morris will leave his post as president of the Downtown Memphis Commission late this year to become president of his family’s business, Jack Morris Auto Glass.

Highland Row Developer Approved for $11 Million Permit

The developer of the mixed-use Highland Row project won approval for for an $11 million building permit from the city-county Office of Construction Code Enforcement.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: February 27-March 5

1985: The Center City Commission declared 1984 a “record year” for Downtown, with seven residential projects totaling 500 units underway, bringing the total number of Downtown apartments and condominiums to 1,113 with almost 2,000 people living Downtown. In office development, 13 projects were underway in 1984, adding 1.3 million square feet of office space. The projects included the renovations of Brinkley Plaza and the Falls Building as well as construction of Morgan Keegan Tower and One Memphis Place.

Point in Time

Housing-first strategy credited with drop in homeless population

About three years ago, what amounts to a very informal census of the city’s homeless – those without shelter – counted 259 people, with 135 of them being deemed the most vulnerable for harm if they remained homeless.

Flexing Its Muscles, LA Fitness Eyes Third Store

LA Fitness is eyeing a property in the heart of East Memphis for its third Memphis-area location.

Brooks Plea Coda to Political Whirlwind

It could have gone either way for Henri Brooks at just about this time a year ago. The Shelby County Commissioner had plans to continue a nearly 20-year political arc beyond a political track record that included seven terms in the state House and the two-term limit on the Shelby County Commission.

Kelsey’s New Private School Voucher Plan Looks More Like Haslam’s

Momentum is building this session for voucher legislation that would allow state dollars to follow students from struggling public schools to private and religious institutions.

Paragon Bank Closes the Book on Busy 2014

Paragon Bank has closed the book on 2014, an active year for the bank with milestones that included, among other things adding a wealth solutions team, executing new leases for two banking centers and forming a small business capital group.

Brewery Developers Acquire Butler Avenue Land

The team behind the development of the historic Tennessee Brewery has acquired a key piece of property adjacent to the long-vacant structure as plans for the new Brewery Revival series of events there move forward.

Coming Up Roses

Scott McCormick aims to keep Memphis Botanic Garden momentum in full bloom

Back in the 1970s, Scott McCormick was taking pictures of the Memphis Botanic Garden for the White Station High School yearbook.

Memphis in May Unveils Music Festival Lineup

Memphis in May International Festival has unveiled the lineup for the Beale Street Music Festival that will unfold over three days in May at Tom Lee Park. The event is expected to bring a crowd of more than 100,000.

Deadline Nears for Dunavant Awards Nominations

With less than a week for nominations, the Rotary Club of Memphis East is preparing to select the recipients of the annual Bobby Dunavant Public Servant Awards.

Shelby County Schools Board Moves Closer to State Funding Lawsuit

The Shelby County Schools board voted unanimously Tuesday, Feb. 24, to hire an attorney to work with Tennessee’s other major urban school systems in weighing a possible lawsuit against the state that would force full state funding of the Basic Education Program.

Harris’ Bill Faces Opposition From Memphis City Council Members

Legislation by Sen. Lee Harris requiring local governments to hold a referendum before they take on “extraordinary” debt could run into opposition from his own City Council and municipal leaders across Tennessee.

Neff Named Executive Director of Brooks Museum

The board of trustees of the Memphis Brooks Museum of Art has voted unanimously to name Emily Ballew Neff as the museum’s executive director.

Allegiant Air to Take Off in Memphis

Allegiant Air will bring its ultra-low-cost service to Memphis International Airport beginning May 22 with nonstop flights to Orlando and Ft. Lauderdale, Fla., and its hometown of Las Vegas, the company announced Wednesday.

Blues Birthplace

Gateway to the Blues Museum opens on Highway 61 in Tunica

Every day, Tunica, Miss., was missing an opportunity. Worst of all, that opportunity was passing by on the Blues Highway, also known as U.S. 61.

Attorneys Recall Role of Law in Events of 1968

David Caywood still remembers the memorandum of understanding that almost settled the 1968 sanitation workers strike before Martin Luther King Jr.’s assassination.

University of Memphis Engineering Alumni Plan Busy 2015

The alumni chapter of the University of Memphis Herff College of Engineering is ramping up efforts to help develop a strong engineering community in the city.

Crye-Leike Opens New Midtown Office

Crye-Leike leadership, Realtors and representatives from the Greater Memphis Chamber braved frigid temperatures Monday to commemorate the opening of a new Midtown office on Union Avenue. Led by managing broker Carol Lott, the new office is located at 1715 Union Ave.

Dream Realized

Crosstown Concourse officially breaks new ground

Around 2010, Francis Ssebikindu saw people exploring the Sears Crosstown property, kicking the tires of the long-vacant retail and distribution building.

Williams Says Mayoral Bid Based On Change

Saying there is a pulse in the city for change, Memphis Police Association President Mike Williams announced Monday, Feb. 23, he will run for Memphis mayor in the October city elections.

Carson Departs, Problems Remain For Local Democrats

With about a month left in his term as chairman of the Shelby County Democratic Party, Bryan Carson resigned Saturday, Feb. 21, after a confrontation behind closed doors with the party’s executive committee over his handling of the party’s bank accounts.

New Brewery Venture Eyeing Crosstown

When they launched a Facebook page at the end of January, the first post for which was simply the logo for the craft beer brewery they’re planning, Will Goodwin and Clark Ortkiese didn’t expect the flood of interest their concept would generate.

City Requests Fairgrounds Review by ULI Experts

The upcoming review of the Fairgrounds redevelopment concept by a group of Urban Land Institute experts will move quickly and could be a political wild card.

Economic Development Secrets Hard to Keep

The most difficult secrets to keep at City Hall are those dealing with economic development – the clandestine discussions between city and business leaders and companies considering moving to or expanding in Memphis.

SPORTS

Mike Shildt: From College Walk-On To Memphis Redbirds Manager

Any professional baseball player can tell you about the stigmas he has to fight. For one guy, it might be that he doesn’t hit with enough power. And for another it might be that he doesn’t make consistent enough contact.

Flip-Flops Can Wait As Grizz Keep Putting in Work

The Memphis Grizzlies won 39 games before the All-Star break. How significant is that? Five times since they’ve been in Memphis, the Grizzlies failed to win 29 games all season.

Lady Vols Seem to Be Slipping Off National Stage

KNOXVILLE – There is a bronze statue of legendary Tennessee women’s basketball coach Pat Summitt standing proudly across the street from Thompson-Boling Arena.

NEWSMAKERS

Crone Promoted at Trane Mid-South

Jim Crone has been promoted to comprehensive solutions business development manager with Trane Mid-South. In his new role, Crone will work with large commercial, industrial and institutional customers throughout the Mid-South to develop performance-based comprehensive solutions for capital improvements and operational efficiencies.

REAL ESTATE RECAP

Developer Charlie Ryan Focusing on Central-Cooper Intersection

765 Tanglewood St., Memphis TN 38104, Sale Amount: $27,000 -
Developer Charles S. “Charlie” Ryan has acquired a key piece of Midtown property.

SMALL BUSINESS

Christ Community Health Services Co-Founders Return

Dr. Rick Donlon once explained the motivation for co-founding Christ Community Health Services in 1995 this way:

LOCAL COLUMNISTS

Let’s See

EYE OPENERS. I learned recently that Leadership Memphis is raising $50,000 to start something called Expanding Horizons College & Career Tours, taking 400 promising students from their SUCCESS High School program in eight Memphis schools on college tours in June.

Right Your Resume

Occasionally, I’ll meet with a new client who apologizes profusely in our first meeting. They apologize their resume isn’t well done, and that many of the facts in it are incorrect.

Tax-Smart Investment Strategies

RAY’S TAKE: I’ve heard it said that it’s not what you make, it’s what you keep that counts. Taxes matter, and over time they matter a lot. Using tax smart investments can reduce the amount of taxes you pay while you are in your accumulation years and also impact taxes you pay after you retire.

Curtain Drawn on Bravermans’ Drama

If there’s one adjective that does not fit “Parenthood,” NBC’s six-season series that shuttered its doors in January, it’s symmetrical. Great show! I hate to see it go. But it was out of balance. Always! And delightfully so!

The ABCs of Decision Leadership

When we, as managers, delegate decision-making authority, we don’t delegate accountability because we cannot. And lest we forget, one bad decision, in the face of uncertainty, can destroy so much value.

PR That Gets Media Results

The press release was written with no mistakes, explaining all the virtues of your company’s remarkable product. It was sent to all the newspapers and TV stations, and you even managed to send it to select radio stations and bloggers.

2015 Financial Markets Off to Converse Start From 2014

The first two months of the calendar year can present an intriguing opportunity to examine the state of the financial markets, as fourth quarter earning’s season is basically complete. Let’s take a look first at the broad equity markets, starting with a 2014 review:

Insure Your Love

Ahhh, February. The month that we proclaim our love to the ones that we hold dear. Now that the roses are withered and the chocolates devoured, with only a few extra pounds to show for it, do you still feel the love? Our love is the glue that keeps our family close, but it won’t pay the bills if we aren’t here.

‘Lion King’ Actor Gives Back to Memphis

You’re trying to raise money. You know who could provide funding. You set personal appointments, talk with people in person. You know you have a good project that will make an impact. Yet all you hear is “no.” When do you give up? Russell Joel Brown heard “no” 75 times before he got to “yes.”

Baseball Heaven Found in Phoenix

For baseball fans, one of the greatest days is when pitchers and catchers report for spring training.

Does Your Brand Need A Blog?

Not every brand needs a blog, but if you have the time and resources to maintain one, you should consider starting one today.

TENNESSEE LEDGER

Now You See It …

UT, Vanderbilt scientists are taking the science fiction out of invisibility

Ferris Hall is an unassuming brick building on the edge of the University of Tennessee’s College of Engineering campus and home to the Department of Materials Science Engineering. There, Drs. Ramki Kalyanaraman and Gerd Duscher have opened the door to applying the magic of Hogwarts to military camouflage, cancer treatment or even Halloween costumes for a new generation.

Vanderbilt's Valentine Honored for Cloaking Research

Dr. Jason Valentine, assistant professor of both mechanical and electrical engineering at Vanderbilt University, got his start in cloaking research as a graduate student at the University of California, Berkeley.

The Science Behind Making the Visible Invisible

Researchers like Dr. Rami Kalyanaraman and Gerd Duscher, associate professors of materials science engineering at the University of Tennessee, could not develop cloaking devices or work to achieve true invisibility without the use of metamaterials. But what are these fancy new materials and how do they work?

Quick History of Cloaking Devices

Dr. Ramki Kalyanaraman, associate professor of materials science engineering, and his colleague Dr. Gerd Duscher at UT are not the only people working to develop cloaking technologies.

Nashville Mayor’s Race Exposes Unpleasant Problems

In six weeks or so, the Greater Nashville area will learn what a snowmegeddon can do to area home sales.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 59 232 11,757
MORTGAGES 80 254 13,681
FORECLOSURE NOTICES 0 19 1,877
BUILDING PERMITS 93 480 24,644
BANKRUPTCIES 61 179 7,652
BUSINESS LICENSES 41 100 4,007
UTILITY CONNECTIONS 34 118 4,799
MARRIAGE LICENSES 10 48 2,592

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