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VOL. 133 | NO. 92 | Tuesday, May 8, 2018

No Easy Path Forward for Fred’s

Retailer Reaches Agreement to Sell Specialty Pharmacy Business

Memphis-based discount retailer Fred’s Inc. operates 584 company-owned stores that each stock more than 14,000 items and saw average sales of more than $3 million in 2017.

Strickland: City Given Enough For Entertainment

Memphis Mayor Jim Strickland says he would support some kind of incentives for the manufacturing facility Graceland wants to open in Whitehaven. But not if it’s linked to a greater share of city and county property tax revenue for a 6,200-seat arena Graceland also wants to build.

Council Sets Stage for Tax-Rate Votes in June

Memphis City Council members take the first of three votes on two ordinances essential to setting the city government budget for the fiscal year that begins July 1.

EMPHASIS Commercial Real Estate

Turner Career Program Seeks To Boost Construction Manpower

Chris Boyce is a happy man. The South Memphis resident is gainfully employed in a trade he never envisioned while he worked for years performing railroad maintenance around the area.

Last Word: Making Memphis Easier, Strickland on Graceland and Construction Jobs

Some of the BSMF reviews in from this past weekend are thumbs up for the way Memphis In May has ramped up what you might call its infrastructure around Uber, Lyft and little items like muddy boots for the increasing number of Memphians and visitors who are ready to go no matter what the weather is doing. And they may opt for some other way into Downtown beyond driving a car and finding a parking place and walking, especially when there’s a drop off at the northern end of the music festival. Even a fire hydrant water flow to take the mud off your boots. We can make Memphis easier with less effort than we think at the outset.

3D Realty Plans to Bring Additional Mixed-Use Communities to Memphis

Fresh off the Shelby County Board of Adjustment’s April 25 unanimous vote to advance 3D Realty’s mixed-use community underneath the iconic Broad Avenue water tower, James Maclin says the company doesn’t intend on slowing down anytime soon.

Memphis Rox Climbing Gym Offers Mid-South Rocky Mountain High

Kathy Enfroy learned about Memphis Rox organically, which in 2018 means through a friend via social media. So she came to check out Memphis Rox Climbing & Community in Soulsville for herself. She had such a good time that on a recent Monday morning she had returned and brought her husband, Austin Enfroy, and their 4-year-old daughter, Madeline, with her.

REAL ESTATE RECAP

Two Large Industrial Portfolios in Southeast Memphis Sold

4049 Willow Lake Blvd., Memphis, TN 38118 (portfolio) -
Faropoint Ventures has purchased another batch of properties in the Memphis area, effectively increasing its local footprint by almost 1 million square feet.

LOCAL COLUMNISTS

The Math Of Fundraising

How do you reach a fundraising goal? There are many activities that together can guide you to your fundraising destination. One of these is knowing how many people you need to ask to give to your nonprofit, and at what level people need to give at.

Conscious Capitalism: Conversation with Raj Sisodia, Part Two

Raj Sisodia is the professor of global business at Babson College and co-founder and co-chairman of Conscious Capitalism Inc. Raj has written 10 books and more than 100 academic articles.

STATEWIDE

Waffle House Hero Raises More Than $225,000 for Victims

NASHVILLE, Tenn. (AP) – A man being hailed as a hero for wrestling an assault-style rifle away from a gunman at a Tennessee Waffle House has raised more than a quarter of a million dollars for the victims.

Pro- and Anti-Gun Bills Fail in Tennessee Legislature

NASHVILLE, Tenn. (AP) – An election-year Tennessee legislative session tinged by national attention on a deadly school shooting in Florida saw many high-profile gun bills fail – both Republican efforts to ease gun laws and Democratic pushes to put more restrictions in place.

REGIONAL NEWS

Amtrak Adds Stop in Mississippi Delta at New $1.2M Station

MARKS, Miss. (AP) – Amtrak is making another stop in Mississippi.

Johnny Cash's Boyhood Home Makes National Historic Register

DYESS, Ark. (AP) – The Man in Black's boyhood home has been added to the National Register of Historic Places.

Arkansas Supreme Court to Hear Medical Marijuana Case

LITTLE ROCK, Ark. (AP) – The Arkansas Supreme Court says it'll hear oral arguments over a judge's decision to prevent the state from licensing companies to grow medical marijuana.

NATIONAL BUSINESS

Gannett Co. Reports Q1 Loss

MCLEAN, Va. (AP) Gannett Co. (GCI) on Monday reported a loss of $377,000 in its first quarter.

Nestle Takes Over Sales of Starbucks in the Grocery Aisle

SEATTLE (AP) – Nestle is paying more than $7 billion to buy the rights to sell Starbucks coffee and tea in supermarkets and other stores outside its coffee shops.

Buffett Says Stocks Remain Best Investment Option for Most

OMAHA, Neb. (AP) – Billionaire Warren Buffett recommends that investors stick with simple stock index funds – not bonds and especially not bitcoins.

TECHNOLOGY

Microsoft Launches $25M Program to Use AI for Disabilities

Microsoft is launching a $25 million initiative to use artificial intelligence to build better technology for people with disabilities.

CONSUMER NEWS

DOT Urges Drivers to Take Care of Faulty Takata Air Bags Now

NEW YORK (AP) – The U.S. Department of Transportation is again urging owners of vehicles with defective Takata air bags to seek repairs immediately.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 98 238 15,862
MORTGAGES 122 284 18,332
FORECLOSURE NOTICES 13 34 2,439
BUILDING PERMITS 137 452 32,966
BANKRUPTCIES 62 178 10,191
BUSINESS LICENSES 23 73 5,251
UTILITY CONNECTIONS 28 92 6,240
MARRIAGE LICENSES 13 63 3,476

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