VOL. 133 | NO. 126 | Monday, June 25, 2018
Memphis-based collegiate housing developer and manager EdR has entered into an agreement to be acquired by the newly-formed, perpetual-life fund Greystar Student Housing Growth and Income Fund in a $4.6 billion all-cash transaction.
Good morning, Memphis! Your lawn chairs and blankets will get plenty of use this week as a bevy of concerts jam out under the night sky. Plus, South Main lights up for Trolley Night, dinosaurs roar into the Agricenter and much more in The Week Ahead…
Even the simplest rebranding can come with a lot of study. So the Memphis Convention and Visitors Bureau's rebranding to Memphis Tourism, announced Friday, June 22, may not seem like a big change.
Memphis Drafts West Virginia Guard Jevon Carter 32nd Overall
The Memphis Grizzlies used their No. 4 overall pick in Thursday’s NBA Draft to select Michigan State forward Jaren Jackson Jr. and fans who came to FedExForum for a watch party reacted with a mix of cheers and boos.
With initial plans to increase diversity of the airline industry by 50 pilots per year within the next five years, the Organization of Black Aerospace Professionals has opened the Lt. Col. Luke Weathers Jr. Flight Academy at the Olive Branch Airport.
The Daily News offers a weekly roundup of Memphis-related headlines from around the web, adding context and new perspectives to the original content we produce on a daily basis. Here are some recent stories worth checking out…
What’s in a name? Plenty when it comes to tourism. The Memphis Convention and Visitors Bureau is now Memphis Tourism – a name change that has been in the making for a while before last week’s unveiling at the CVB’s annual meeting where it flipped the switch on the new identity. There are a couple of key ingredients in the change – soul and home – according to Memphis Tourism president Kevin Kane.
REAL ESTATE RECAP
2542 Broad Ave., Memphis, TN 38112 -
3D Realty was given a 15-year Residential PILOT (payment-in-lieu-of-taxes) for a $51 million, 414-unit mixed-use multifamily project on Broad Avenue.
THE MEMPHIS NEWS
This isn’t over. A simple and heartrending edict to separate families at the U.S.-Mexico border will prove to be anything but simple for the White House and Republicans in Congress to reel back in.
How Memphis schools are rethinking career and technical education
Out of more than 15,000 Shelby County Schools students who took some kind of career and technical education, or CTE, courses in the 2015-2016 academic year, only 1 percent – roughly 150 – completed those classes to get some kind of work certification.
1993: Memphis premiere at the Orpheum of the movie “The Firm” with director Sydney Pollack in attendance. After the premiere, Pollack acknowledges that he feels some pressure for the film, starring Tom Cruise and based on a John Grisham novel, to be a success given the box office failure of his previous film “Havana.” The movie departs from the novel in its ending with a legal resolution that keeps Cruise’s character on the right side of the law. The movie’s ending is crafted with the help of Memphis attorney, former Tennessee Attorney General and U.S. Attorney Mike Cody.
LAST WEEK'S MOST POPULAR
Memphis-based Varsity Brands Inc. is being purchased by Bain Capital Private Equity in a deal Varsity says will help it "accelerate our growth to the next level."
Redbirds’ Stubby Clapp just might return to majors as a manager someday
On a recent afternoon at AutoZone Park, manager Stubby Clapp’s team had a two-run lead going into the ninth inning. Assigned the task of getting the last three outs: veteran big league closer Greg Holland, he of 186 career saves and three All-Star appearances, and on this day pitching for the Memphis Redbirds on a rehab assignment.
Five years after Delta Air Lines de-hubbed Memphis International Airport, the airport’s transition to most of its customers being origin and destination passengers has had mixed results in other ways.
Memphis-based Fred’s Inc. wants to sell its retail pharmacies, which would effectively reverse much, if not all, of its efforts to shed its discount-store identity in a transition to personal health care. Fred’s has hired an adviser to talk with potential buyers of its retail pharmacy business, company leaders announced Thursday, June 14, as it reported quarterly financial results to analysts.
Bank of Bartlett has announced it will consolidate its two neighboring Germantown operations in a singular “enhanced” location at the corner of Poplar Avenue and Kirby Parkway.
NASHVILLE, Tenn. (AP) — Organizers have canceled a scheduled Republican debate for governor because two of the leading candidates said they would not participate.
NASHVILLE, Tenn. (AP) — Former Arkansas governor and presidential candidate Mike Huckabee is endorsing Republican Randy Boyd for Tennessee governor.
KNOXVILLE, Tenn. (AP) — Students at the University of Tennessee's Knoxville and Chattanooga campuses won't have a tuition increase next year.
HORN LAKE, Miss. (AP) — Governments in the Mississippi suburbs of Memphis, Tennessee, will spend more than $3 million to study flooding.
VICKSBURG, Miss. (AP) — Asya Branch is 2018's Miss Mississippi.
LITTLE ROCK, Ark. (AP) — Increased efforts to battle drug and gun crimes have led to more than 70 indictments filed so far this month, according to federal authorities in Arkansas.
LITTLE ROCK, Ark. (AP) — Arkansas has hired a consultant to evaluate a stretch of river where a kayaker was dragged to his death when a rare sinkhole created a whirlpool.
MCALLEN, Texas (AP) — Manuel Martinez, who fled Honduras because gangs were trying to recruit his 12-year-old son, was prepared to be separated from his child after paying a smuggler to cross the Rio Grande by boat and getting arrested by the U.S. Border Patrol.
WASHINGTON (AP) — White House press secretary Sarah Huckabee Sanders was booted from a Virginia restaurant because she works for President Donald Trump, setting off a fierce debate about whether politics should play a role in how administration officals are treated in public.
WASHINGTON (AP) — The Justice Department says it has given House Republicans new classified information related to the Russia investigation after lawmakers had threatened to hold officials in contempt of Congress or even impeach them.
CAMARILLO, Calif. (AP) — The average price of a regular gallon of gasoline fell 6 cents over the past two weeks, to $2.95.
WASHINGTON (AP) — A Florida boat builder absorbs $4 million in lost business and expects more pain. An Ohio pork producer is losing access to a vital export market and fears the damage will last years. A motorcycle shop near Cologne, Germany, wonders if it even has a future.
NEW YORK (AP) — While a Supreme Court ruling on sales taxes will create more obligations and expenses for many small online retailers, owners are already thinking about how they'll comply.