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VOL. 130 | NO. 116 | Tuesday, June 16, 2015

MDH Partners Buys Belz's Memphis Industrial Portfolio

An Atlanta-based firm has acquired a large industrial portfolio from Belz Enterprises.

Shelby County Schools Board Weighs Benefits Options

The Shelby County Schools board didn’t take any votes Monday, June 15, as it got a look at more specific recommendations to change health insurance benefits for retirees and employees, including teachers.

Aitken Makes Case for Collierville’s New $99 Million School

There is the effort to sell Collierville residents on the specific plan for a $99 million comprehensive high school for 3,000 students. And then there is the effort to avoid a referendum on the $99 million bond issue that could follow approval of a property tax hike for the new school construction.

Senior Stature

Collierville seeks burgeoning senior population

Sprawling across 37 acres of Collierville land, posh retirement community The Farms at Bailey Station will serve more than 500 senior residents when the final phase of construction is completed in 2016.

Memphis Economic Indicator Taking Third-Quarter Responses

Investors in some of Memphis’ largest publicly traded companies are likely to feel somewhat encouraged about the current state of the economy – at least, when looking at their portfolios.

Local Weather
Currently
Memphis, TN
41.0°F
Light Rain
Wind: East at 13.8 mph
Humidity: 96%

EVENTS

Memphis Blues Society and Overton Square will host a Bluesday Tuesday concert featuring Darren Jay Fallas with guest Papa Don McMinn Tuesday, June 16, from 6:30 p.m. to 9:30 p.m. in the Tower Courtyard, 2101 Madison Ave. Cost is free. Visit overtonsquare.com.

more events »

Chism Political Picnic Offers Pre-Campaign Snapshot

Memphis mayoral contender Jim Strickland saw a face he didn’t recognize Saturday, June 13, in the southwest Memphis crowd at former County Commissioner Sidney Chism’s annual political picnic.

Memphis City Council Budget Agenda Full

Memphis City Council members have a lot of budget decisions to make Tuesday, June 16, as they attempt to bring City Hall’s budget season to a close.

Mickelson Rallies, But Fabian Gomez Wins Memphis Golf Tournament

Billy Horschel wore FedEx colors – purple and orange – on Sunday for the last round of the FedEx St. Jude Classic. It seemed to work for him as he shot a 5-under 65 to finish at 7 under and in tie for 8th place.

GOVERNMENT AGENDA

June 16 Memphis City Council Agenda

The Memphis City Council will meet Tuesday, June 16, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for an agenda.

REAL ESTATE RECAP

Hillwood Pays $17.7 Million for FedEx SupplyChain Facility

5050 E. Holmes Road and 0 Lamar Ave., Memphis, TN 38118, Sale Amount: $17.7 million -
Hillwood Investment Properties, a Dallas-based commercial real estate investment company, has purchased the Summit Distribution Center Building II for $17.7 million, according to a June 1 special warranty deed.

LOCAL COLUMNISTS

Excuses: The Scourge of Fundraising

How do we stop using excuses as a conversation starter, or icebreaker when starting a meeting?

STATEWIDE

Tennessee Groups Sue for Tribal Recognition, Seeking $36 Million in Damages

NASHVILLE, Tenn. (AP) – Leaders of three Tennessee groups stripped of their short-lived recognition as American Indian tribes have filed a federal lawsuit seeking more than $36 million in damages.

NATIONAL BUSINESS

Gun Maker Colt Files for Chapter 11 Bankruptcy

NEW YORK (AP) – Gun maker Colt Defense LLC filed for chapter 11 bankruptcy late Sunday, allowing for a quicker sale of operations in the U.S. and Canada.

American Airlines Delays Delivery of 35 Planes From Airbus

FORT WORTH, Texas (AP) – American Airlines says it is delaying delivery of 35 new Airbus jets for several years.

HEALTH CARE

Target Selling Pharmacy, Clinic Businesses to CVS Health

Target will sell its pharmacy and clinic businesses to CVS Health in the latest twist behind a push from big retailers to become all things to all customers.

Data Warehouse Raises HealthCare.Gov Privacy Concerns

WASHINGTON (AP) – A government data warehouse that stores information indefinitely on millions of HealthCare.gov customers is raising privacy concerns at a time when major breaches have become distressingly common.

Medicare Panel: Ease Rehab Coverage for Seniors

WASHINGTON (AP) – A panel that advises Congress on Medicare policy says the government should make it easier for seniors to get covered for rehab after a short hospital stay.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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