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VOL. 130 | NO. 42 | Tuesday, March 3, 2015

ABB Creating 200 Jobs in Memphis

ABB, which bought Memphis-based electrical components maker Thomas & Betts in 2012 for $3.9 billion, is expanding its Memphis-area footprint.

Goldman Sachs ‘Confident’ in Memphis

In April, Rachel Diller, managing director of the urban investment group at Goldman Sachs, received a phone call in her New York office from officials at Phoenix-based Dudley Ventures.

Farm & Gin

Show highlights technology, marketing shifts for agriculture industry

Jacob Waters isn’t old enough to drive a car yet. But, by his own account, he has driven a tractor a few times.

Memphis Industrial Portfolio Sells for $86.3 Million

A Minnesota-based real estate investment trust has acquired a large Memphis industrial portfolio for $86.3 million, one of the largest transactions ever recorded in the Memphis market.

AutoZone Grows Second-Quarter Profit

AutoZone Inc. ended its fiscal second quarter with a profit of $211.7 million, up 9.8 percent over the same period in 2014, the Memphis-based car parts retailer announced Tuesday morning.

Local Weather
Currently
Memphis, TN
47.0°F
Fair
Wind: from the Northwest at 15.0 gusting to 21.9 mph
Humidity: 48%

EVENTS

Calvary Episcopal Church will present the 2015 Lenten Preaching Series and Waffle Shop Tuesdays to Fridays through March 27. The preaching series runs from 12:05 p.m. to 12:40 p.m., and the Waffle Shop is open from 11 a.m. to 1:30 p.m. Visit calvarymemphis.org/lentenpreaching for a series schedule.

more events »

Wharton Eyes City Hall Shake-Up

Facing specific criticism from political challengers that his administration is disorganized and hasn’t focused on priorities much past initial press conferences, Memphis Mayor A C Wharton Jr. acted this week to shake up his office starting at the top.

Boyle Unveils New Office Building Design

Boyle Investment Co. is offering the first glimpse of the new office building the company is planning near Poplar Avenue and Shady Grove Road.

Path to Crosstown Difficult, Unexpected

When Staley Cates bought the Sears Crosstown building in 2007 and the development team behind what is now Crosstown Concourse was taking shape to redevelop the property, another developer dropped by Cates’ office.

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.

City Council to Get Update Halfway Into Fiscal Year

Memphis City Council members return to the matter of city finances Tuesday, March 3, with a financial review in a 9:30 a.m. committee session that marks the halfway point in the city’s fiscal year.

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.

REAL ESTATE RECAP

Brewery Developers Buy Site for New Apartment Building

11 Butler Ave., Memphis, TN 38103, Sale Amount: $1.25 million -
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 Tennessee Brewery: The Revival series of events there move forward.

LOCAL COLUMNISTS

Women and Philanthropy

“Women rock!” “Women rule!” “If you want something done, ask a woman.” “Women hold up half the sky.” It’s women’s history month and time to highlight women’s roles as philanthropists and fundraisers.

STATEWIDE

Home of Grand Ole Opry Earns Spot on National Register

NASHVILLE, Tenn. (AP) – The Grand Ole Opry House has been honored with a spot on the National Register of Historic Places in recognition of its impact on popular culture and the entertainment industry.

STATE GOVERNMENT

Panel Formed to Review Student Testing, Assessment in Tennessee

NASHVILLE, Tenn. (AP) – A new task force will review student testing and assessment amid concerns that students are being overtested, the state Education Department announced Monday.

Office That Defends Death Row Inmates Comes Under Fire

NASHVILLE, Tenn. (AP) – A state agency that defends death row inmates is being criticized for using taxpayer dollars to pay for a legal battle that seeks information on the drugs and people involved in executions while also challenging a law that says electrocution can be used as an alternative to lethal injection.

Tennessee Public Television Stations Airing Legislative Show

NASHVILLE, Tenn. (AP) – Tennessee public television stations are airing a new show about the happenings in the state Legislature.

NATIONAL BUSINESS

Costco Strikes Credit Card Deal With Citi, Visa

NEW YORK (AP) – Costco says it struck a deal for Citi to be the exclusive issuer of its co-branded credit cards, with Visa replacing American Express as the card network.

Jordan, 2 Other NBA Owners Join Forbes' Billionaire List

NEW YORK (AP) Michael Jordan and two other NBA owners have reached new heights, making Forbes world list of billionaires.

REAL ESTATE

US Construction Spending Down 1.1 Percent in January

WASHINGTON (AP) – U.S. construction spending fell in January, reflecting weakness in spending on office buildings and other nonresidential projects and in government activity.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 128 183 20,949
MORTGAGES 130 174 24,535
FORECLOSURE NOTICES 0 23 8,633
BUILDING PERMITS 163 359 42,696
BANKRUPTCIES 61 116 14,018
BUSINESS LICENSES 0 22 6,423
UTILITY CONNECTIONS 0 56 13,567
MARRIAGE LICENSES 0 23 5,092

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