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VOL. TMN-8 | NO. 7 | Saturday, February 7, 2015
Weekly Issue

Dream Season

Playing with an ‘edge,’ Memphis Grizzlies just might be a legit NBA title contender

The Grizzlies had just defeated the rival Oklahoma City Thunder before a loud sellout crowd in The Grindhouse and Jerry “The King” Lawler had defended his Memphis championship wrestling belt, albeit with an assist from the Grizzlies’ crack game operations staff.

Editorial: Government Cheese(cake)

We are too easy. Say the words “Cheesecake Factory” and we act like we’ve won the lottery.

EMPHASIS Financial Services

Fresh Approach

Iberiabank reworks its branch layout in new Memphis location

Go from one bank to the next, and the offerings aren’t always that different: banks not only generally present similar products to customers, but rates – being as low as they are –aren’t always all that dissimilar, either.

Love of Small Business Fuels Patrick Accounting

Matthew Patrick is a CPA and managing member of Patrick Accounting and Tax Services PLLC, the firm he founded in 2003, but to get a better sense of what he does from day to day, he reaches for analogy to describe his work.

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Teach901 will host its third annual teacher job fair Tuesday, Feb. 10, from 5 p.m. to 8 p.m. at Central BBQ Downtown, 1247 Butler Ave. Candidates interested in pursuing a career as an educator in the Memphis area are invited. More than 20 organizations will be seeking hires. Visit teach901.com/job-fair to register.

more events »

Brean Capital Looks to Expand, Grow in Memphis

Brean Capital LLC arrived in Memphis a few months ago and sees 2015 as a year of forward momentum for the company, with a planned move to a new office as well as interest in adding to the firm’s local ranks.

New 'Untapped'-Style Event Coming to Tennessee Brewery

A version of the popular Tennessee Brewery “Untapped” event appears set to return to the Downtown landmark this spring.


This week in Memphis history: February 6-12

1972: HUD Secretary George Romney visited Memphis for the dedication of Barry Homes, an Memphis Housing Authority high-rise at Lauderdale and Exchange built of precast concrete for $2.7 million. The tower is named for Edward Barry, chairman emeritus of the housing authority.

Wolfchase Appears to Be Preparing for Cheesecake Factory

The owner of the Wolfchase Galleria appears to be preparing for the arrival of a Cheesecake Factory restaurant.

Developer Seeks Permit to Renovate The Horizon

The new owner of The Horizon condominium tower on Riverside Drive Downtown is moving forward with renovating the tower.

Flying High

Teen lab space at the Central Library gets a name, tentative opening date

Young visitors to the Benjamin L. Hooks Central Library will soon find themselves on cloud nine.

Greenprint Maps Plan for 25-Year Development

Open a trail or bike lane in the Memphis area and one of the first questions will be about how it links up to other trails or greenlines or bike lanes.

Assessor Allegations Dismissed as ‘Baseless’

An anonymous ethics complaint against Shelby County Assessor Cheyenne Johnson in January included lots of documents and lots of allegations.

Loeb Properties Bullish on Center City Development

When Loeb Properties Inc. acquired the warehouse at 2542 Broad Ave. in 1995, Aaron Petree, the company’s current vice president of brokerage, was just starting high school.

Wharton Administration Willing to Explore Coliseum Renovation

Memphis Mayor A C Wharton Jr. is willing to explore a renovation of the Mid-South Coliseum, but he doesn’t want to delay getting state approval for a Tourism Development Zone to finance an amateur sports tournament complex at the Mid-South Fairgrounds.

Insure Tennessee: Failure by Politics and Procedure

The momentum that killed the Insure Tennessee proposal and ended the special session of the Tennessee legislature Wednesday, Feb. 4, was fueled by ideological opposition to the Affordable Care Act and President Barack Obama.

McDonald’s Super Bowl Promotion Hits Memphis

A social media analysis via Forbes found that McDonald’s Super Bowl ad was the most-liked spot during the big game.

Skyline-Changing Tower Project Planned for Beale

The resurrected One Beale project at Riverside Drive and Beale Street has returned to a two-tower plan that will include 280 apartments, 40,000 square feet of retail and meeting space, 20,000 square feet of office space and a 300-room hotel.

Wharton, Strickland Close In Campaign Balances So Far

Close isn’t enough when it comes to winning elections. But it works when it comes to financing the campaigns leading to the elections.

Luttrell Warns of Tax Hike Without Insure Tennessee

Two hours before the state Senate committee vote in Nashville that signaled the death of Gov. Bill Haslam’s Medicaid expansion proposal, Shelby County Mayor Mark Luttrell said failure to pass the expansion could mean a county property tax hike to fund Shelby County’s public safety net hospital.

Loeb Properties Targets Broad Avenue

Memphis-based Loeb Properties will help revitalize another core city neighborhood. Fresh off redeveloping Overton Square and currently involved in the Highland Strip, Loeb has set its sights on Broad Avenue.

Super Bowl Ad Winners and Losers

Think there was only one big game on Super Bowl Sunday? A typical NFL game has only 11 minutes of actual “game action” compared to 63 minutes of commercials, according to The Wall Street Journal. With 30 seconds of commercial airtime going for $4.5 million this year, it is clear that Super Bowl advertising is serious business, making for an equally interesting off-the-field game unfolding when the clock stops.

Local Business Executives Upbeat as 2015 Gets Underway

The latest Memphis Economic Indicator, a quarterly survey measuring general business sentiment, presented something of an upbeat trend in sentiment to kick off 2015.

Council Gives Third Look at Beale Street Authority

For a third consecutive session, Memphis City Council members are scheduled to vote Tuesday, Feb. 3, on establishing a Beale Street Tourism Development Authority.

Say Cheese Food Truck Launches Next Week

The city’s food truck scene has exploded over the past year or so, and new entrants have steadily continued to join the mix.

Size of Mayoral Field Shadows Race

Nobody running for election on the Oct. 8 ballot can even pull a qualifying petition to get on the ballot until April, yet February is shaping up as the month when it is determined what kind of challenge and how many challengers incumbent Mayor A C Wharton Jr. will face.

Business Licenses Rise 9.1 Percent In 2014

The Shelby County Clerk’s Office was busier in 2014, with 5,847 business licenses issued – a 9.1 percent increase from 2013 when there were 5,361 licenses issued.

Business Licenses Drop 6 Percent In Fourth Quarter

The Shelby County Clerk’s Office issued 1,083 business licenses in the fourth quarter of 2014, according to The Daily News Online, www.memphisdailynews.com.

Mayor’s Race Parses Political Records

Memphis Mayor A C Wharton Jr. will probably continue to include the comeback of Overton Square in an election year roll call of economic development accomplishments even after being called out for his opposition to the city-funded Overton Square parking garage.

Bankruptcies Dip Below 12,000 in 2014

Reflecting a national trend, Shelby County recorded a 7 percent drop in bankruptcies in 2014 compared to the previous year.

Fourth-Quarter Bankruptcies Reflect Continued Drop

Bankruptcies in Shelby County dropped below the 3,000 mark in the last quarter of 2014 after being just above it in the third quarter.

Shelby County Foreclosures Dip 22 Percent in 2014

Foreclosures took an even sharper dive in 2014 than they did in 2013. Compared to a 15 percent slide from 2012 to 2013, over the past year residential foreclosures in the county slipped 22 percent, from 3,555 in 2013 to 2,787 in 2014, according to real estate information company Chandler Reports, www.chandlerreports.com.

Open In Memphis

Rebranded tennis tournament aims to serve up good time

First-year Memphis Open tennis director Erin Mazurek no doubt could tell you more than you ever wanted to know about the Detroit Red Wings.

Foreclosures Fall in Fourth Quarter, December

Foreclosures and foreclosure notices were both down in 2014, but their percentage declines were smaller in the fourth quarter than for the full year.

Lot Shortage Leads to Fewer New Homes

Shelby County homebuilding activity slowed in 2014 as builders filed fewer permits and sold fewer homes than in 2013.

Fourth-Quarter New Housing Activity Drops

Shelby County recorded a 12.5 percent drop in new home permits during the fourth quarter, compared to the same three-month period in 2013.

Home Construction Flat in December

New home construction in Shelby County, as tracked by permits, was flat in December when compared to December 2013, but new home sales increased.

Shelby County Mortgage Market Sees Improvement

The mortgage market in Shelby County ended 2014 in a slighter better position than where it stood in 2013.

Fourth-Quarter Mortgage Activity Shows Strength

All things considered, the fourth quarter of 2014 was a better month for the mortgage market than the final quarter of 2013.


Tigers’ Season: Inconsistent Play, Lukewarm Support

It has become a nightly ritual at University of Memphis home games. When a member of the stats crew walks down press row holding a sheet of paper displaying the “announced attendance,” members of the Fourth Estate roll their eyes and shake their heads.

Now Fuente Can Point to the Trophies

Recruiting is selling. Yeah, sometimes it’s buying, too, but that’s another, more cynical, column for another day.

Redbirds Reveal New ‘Birds on the Bat’ Logo

Now owned by their parent St. Louis Cardinals, the Memphis Redbirds will look the part in 2015 with a new primary logo that more closely resembles the “birds on the bat” logo worn by the major-league club.

‘The Team That Beat Memphis’ Has a Target on Its Back

Even now if a University of Memphis fan goes to www.gotigersgo.com and the schedule page for the men’s basketball team, the first thing the fan sees is the 74-70 overtime loss to Division 2 Christian Brothers University.

Even Rob Lowe Knows Seahawks Made Wrong Call

Before Super Bowl 49, all the talk was about New England Patriots coach Bill Belichick and quarterback Tom Brady and what they did or didn’t know in regards to “Deflategate.”

Randolph Named Western Conference Player of the Week

Grizzlies forward Zach Randolph has been selected as the Western Conference Player of the Week for games played from Monday, Jan. 26, through Sunday, Feb. 1. His week included a 21-point, 18-rebound effort in a Jan. 31 home win over the rival Oklahoma City Thunder.

Vols’ Jones Continues to Impress With Recruiting Skills

KNOXVILLE – National signing day is in the books, and Tennessee football coach Butch Jones and his staff can relax and savor another top-tier recruiting class.


Berryhill Promoted at Reynolds, Bone & Griesbeck

Paul B. Berryhill has been promoted to tax partner at Reynolds, Bone & Griesbeck PLC. In his new role at the certified public accounting and advisory firm, his primary responsibilities are developing and managing client relationships, developing and training staff members, being a technical tax resource for the firm and assisting in the management of the firm.


Shelby Farms Conservancy Seeks $7.2 Million in Permits

6093 N Patriot Lake Blvd., 415 E. Patriot Lake Blvd., Memphis, TN 38118, Permit Amount: $7.2 million -
The Shelby Farms Park Conservancy has applied for two building permits totaling $7.2 million for the creation of a visitors center and restaurant and retreat center.


Best Rubber Stamp Presses On

In an age of online printing and paperless workplaces when commercial printers are struggling and transforming their businesses, you would think a company that makes rubber stamps would have a tough way to go.


Lifelong Fan

YOU GOTTA LOVE ‘EM. When some fall in love, falling headlong and defenseless, even despite subsequent events and the weight of time and change, never mind the disappointment and the heartbreak – never mind life – the love remains because that fall and the feel of it last a lifetime.

Using Creativity in Your Job Search

It goes without saying. Applying online can be a long, difficult process. You’re often left wondering if anyone has read your resume, or if they even know you exist at all.

Save More Or Earn More?

Ray’s Take There are two main ways to increase funds for retirement purposes. Save more of what you currently earn (by spending less) or earn more than you currently do. It’s all about having funds available to invest for your future.

From the Edge

“[I]f you’re not living on the edge, you’re probably taking up too much room.” This lyric, from a 1998 folk song bearing David Roth’s byline, appears earlier in H. Jackson Brown Jr.’s 1993 book, “Live and Learn and Pass It On.”

Investing in Entrepreneurship Key to City’s Success

When approaching economic development in Memphis, it’s important to consider the impact that high-growth entrepreneurial companies have made locally and nationwide.

Word of Mouth Still Crucial for Adding Sales

Building the customer base of a small business is not the same challenge it was 10 years ago. As digital content grows and it becomes more affordable to access, business owners are competing with more voices to be heard by potential customers.

Proposed Budget Cuts Make Tennesseans With Disabilities Even More Vulnerable

It stands to reason that there is one group of vulnerable Tennesseans we all must band together to protect: our family, friends and neighbors with intellectual and developmental disabilities.

Health of 200,000 Tennesseans Depends on Governor’s Proposal

As a nurse serving Tennesseans for over 32 years, I know intimately what sickness looks like, and what it takes to build a healthy life. One of the most important things to ensuring the health and wholeness of our communities is access to affordable health insurance.

The ‘Carnegie Hall or Bust’ Fundraiser, Part 1

We were recently caught off guard when Dr. Todd Robinson, a reader of FUNdraising Good Times, shared with us that he raises over $75,000 using information from this column.

Integrate Employee Benefits to Streamline HR

Human resource departments are oftentimes consumed with managing multiple benefit programs, unable to dedicate the time necessary to developing a truly strategic benefits package that attracts a strong workforce.

Leadership Lessons From the Duke

The American Master of Music, Duke Ellington, also stands as an ideal role model of leadership for the emerging business and nonprofit world. As the global workplace moves toward open workspaces and sees the value of multidimensional team filled with hard-to-traditionally-manage creative professionals, a look into Ellington’s leadership style can inspire outstanding results.

Saluting One of the Greatest

Tom Brokaw called Mary Margret Foley one of the greatest. No, not by name, but as one of that critical mass of individuals in this country born between 1900 and 1925 whom he dubbed “The Greatest Generation” in his book by the same name.

Nashville Edition

Old Favorites

Can landmark restaurants survive Nashville's ‘foodie’ revolution?

A few years ago, Tandy Wilson, chef and owner of City House, offered this tip about earning his respect as a diner: Don’t tell me you’re a foodie, he said, tell me you’re a “regular.”

Great Dishes From Nashville’s Landmark Restaurants

When a restaurant’s been around for a decade or eight, that’s usually a pretty good indication that the food is palatable. We’ve rounded up some of the best dishes to try at Nashville’s longest standing dining establishments, and, of course, it’s impossible to pick just one thing. Feel free to recommend your own favorites in the online comments.

Nashville’s Most Romantic Restaurants

Romance means something different for everyone, but most people can agree that if there is low lighting, soft music, a charming companion and something delicious to eat, you’ve already got the makings of one outstanding evening.

Growth is Great, But Where Will Workers Live?

For the past two years, developers, property owners and Realtors alike have been treated to what some call the best real estate market in the country. Sellers are realizing astronomical returns on their investments as they shed properties that they have been strapped with for years.

Knoxville Edition

‘Government’s Too Big and People are Sick of It’

Burchett shares his less-is-more approach to governing Knox County

Knox County Mayor Tim Burchett is an enigma of the modern civil servant, a career politician who doesn’t seem to take himself too seriously. He thinks he’s paid too much (his salary is state mandated) and brings it up often in interviews with the media.

Burchett’s Mother, Father Helped Shape His Career

Homegrown Knox County Mayor Tim Burchett espouses the values of many East Tennessee residents: strong family connections, honoring military service and remembering where he comes from.

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Blog News, Training & Events
PROPERTY SALES 77 77 11,602
MORTGAGES 79 79 13,506
BANKRUPTCIES 53 53 7,526

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