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VOL. TMN-10 | NO. 31 | Saturday, July 29, 2017
Weekly Issue

Fully Loaded

Industrial market sets tone, but all commercial sectors rising in Memphis MSA

It’s almost like the first half of 2017 was a decade in the making, at least when it comes to commercial real estate. Throughout all four major sectors of the Memphis-area commercial real estate market – industrial, office, retail and multifamily – figures are consistently reaching or exceeding pre-recession marks.

Man Sentenced to 25 Years in Memphis Officer Shooting

MEMPHIS, Tenn. (AP) – A judge sentenced a Tennessee man to 25 years in federal prison Friday on charges connected to the fatal shooting of a police officer in 2015.

Alexander, Corker Look Beyond ‘Skinny Repeal’; Cohen Rant Goes Viral

Tennessee’s two U.S. senators see the failure of the “skinny repeal” health care bill in the Senate as a missed opportunity.

EDITORIAL

Editorial: Culture of Planning Comes With Questions

We don’t have all the cranes that Nashville has. But there’s a lot of construction and movement underway in the Memphis region’s various commercial real estate sectors.

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EVENTS

Indie Memphis’ Indie Wednesday film series kicks off with a screening of the Slamdance Film Festival’s 2017 “Anarchy” shorts program Wednesday, Aug. 2, at MicroCinema @ Crosstown Arts, 430 N. Cleveland St. The “Anarchy” program is described as “an anti-genre form of resistance to dominant cultural paradigms.” Admission is pay-what-you-can. Visit indiememphis.com for details and a series schedule.

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Memphis Economic Overview Spotlights Q2 Trends

It’s been a refrain especially in residential real estate for several quarters now: Consumers are feeling more secure in their jobs, upbeat about the local and national economics and thus confident about spending. And Memphis-area home sales and mortgage data have reflected that confidence.

THE MEMPHIS NEWS ALMANAC

July 28-August 3, 2017: This week in Memphis history

1975: The Peabody Hotel is sold out of receivership at auction for $400,000 – with another $140,000 for its belongings – to secret bidders through attorney Raymond Shainberg. The only other bid is $100,000 from Robert “Prince Mongo” Hodges.

PUBLIC COMPANIES

Gillette Out, ServiceMaster to Spin Off Unit

To Memphians, Rob Gillette is the ServiceMaster Global Holdings Inc. leader who moved the company’s headquarters from East Memphis to Downtown and put the old Peabody Place Mall back in use.

Kellogg Cuts 117 Jobs at Rossville Facility

Kellogg Co. has informed state officials it plans to permanently lay off 117 workers at its Eggo plant at 585 Morrison Road in Rossville.

GTx to Release New Data from Company’s Work

GTx Inc. executive chairman Dr. Robert Wills thinks the Memphis-based biopharmaceutical company is “severely undervalued.”

REAL ESTATE & DEVELOPMENT

Board Rejects Plan To Add Shipping Containers At Shell

A plan to add metal shipping containers at the Levitt Shell has been rejected by the Shelby County Board of Adjustment.

Developers Lay Out Latest Plans for Proposed Midtown Gated Community

In a quiet room inside of his Midtown architecture firm, Lee Askew of ANF Architects presented the latest incarnation of his plans to turn the former Red Cross building at the corner of Central Avenue and Mansfield Street into a 12-unit luxury gated community.

Council OKs Multifamily Project Near Overton Park

The key element in selling the Overton Gateway project compromise to Midtown homeowners turned out to have little to do with the height of the apartment buildings or the number of parking spaces.

Memphis Music Initiative To Occupy Old Downtown Firehouse

198 Dr. Martin Luther King Jr. Ave., Memphis, TN 38103

LAW & THE COURTS

Herenton's New Path

Former mayor proposes new facility for juvenile offenders

Dan Michael is not the first Juvenile Court judge former Memphis Mayor Willie Herenton has talked to about educating juvenile offenders in custody.

GOVERNMENT & POLITICS

Boyd Says Luttrell Endorsement is ‘Partnership’

Republican contender for Tennessee governor Randy Boyd says his endorsement this week by Shelby County Mayor Mark Luttrell is more like a partnership.

Juxtaposing Views Greet Voting Change

Memphis City Council members Edmund Ford Jr. and Patrice Robinson have each been on the winning side of a council runoff election and share a district border along Elvis Presley Boulevard in Whitehaven.

Revival of Ranked Choice Voting Marks Phillips’ Attention to Detail

The use of Ranked Choice Voting or instant-runoff voting in Memphis elections was a moot point even before Memphis voters approved it in 2008 in a city charter amendment.

New Shelby County Democratic Party Still Faces Challenges

The Shelby County Democratic Party is almost back as a reconstituted organization and it has a lot of new blood as well as new rules.

COMMUNITY

All Heart: Carpenter Art Garden Cultivates Community

On Valentine’s Day a few years ago, a Binghampton boy named Donte Davis combined two of his great loves – art and the Memphis Grizzlies – when he painted a wooden heart featuring the face of his home team’s mascot.

Victorian Village Gets New Signage, Design Guidelines

The signs that have started popping up around the Victorian Village neighborhood welcome passersby to the historic community, with an announcement greeting visitors in large and prominent letters.

ECONOMIC DEVELOPMENT

City Master Plan Development Aims To Reverse Random Development

Not too far past a new generation of civic plans is the filter of reality – what is possible by a business bottom line.

HEALTH CARE

Baptist Opens Midtown Grief Center

Baptist Memorial Health Care Corp. has opened a second grief center, an extension of the grief counseling and related services the hospital has offered for years and is now in the process of expanding.

SCO Opens Clinic In Crosstown Concourse

Southern College of Optometry is opening a new eye clinic that offers paperless telemedicine services and other state-of-the-art technology inside Crosstown Concourse, in space the clinic will share with Church Health Eye Care.

BEALE STREET

Task Force Experiences Beale Crowd Late Saturday

Among the thousands of people on Beale Street Saturday night after 11 p.m. were three Memphis City Council members and six Beale Street Task Force members.

MEMPHIS NEWSMAKERS

Milford Joins Chamber As Programming, Events Director

Ericka Milford recently joined the Greater Memphis Chamber as director of events and programming, a job in which she’s responsible for planning and executing chamber events and programs and for increasing engagement opportunities for members and the community. Milford’s new role marks her return to the chamber, where she served as events coordinator from 2007 to 2012 before taking a job with HigherVisibility.

SPORTS

Memphian Donald Gray’s Journey To Being MSU’s No. 1 Receiver

When Donald Gray was just a boy, not yet 10 years old, he played in a church basketball league. His father, Donald Gray Sr., remembers that his son had a good time playing with the other kids. It was fun, something to do.

Remember Memphis? Titans Would Rather Not

Time flies, doesn’t it? A lot can happen in 20 years. Think about it: In 1997, Bill Clinton was sworn in for his second term as president. Princess Di was killed in a car crash. The Dow Jones Industrial Average closed above 8,000 for the first time. And the Tennessee Oilers played their home games in Memphis.

A ‘Life-Changing’ Trip To Vietnam for Midstate Vols

Nashville’s Kyle Phillips never knew how good he had it as a University of Tennessee football player. Not until he went to Vietnam with The VOLeaders Academy for a 13-day study with numerous other student-athletes from UT. They left June 29 and returned two weeks later.

Redbirds Revitalization: Fun at the Old Ballpark and the Winning is Easy

Bottom of the seventh inning and another night at AutoZone Park is unfolding the way so many have this season. The Memphis Redbirds have a nice lead. Their starting pitcher has been putting up zeros and the team has been banging out timely hits and playing crisp defense.

Ex-Tiger Geron Johnson Knows Pro Basketball is Without Borders

Former University of Memphis basketball player Geron Johnson knows what it is to have the goal of playing professionally and of reaching the NBA. He has had two NBA Summer League stints (one with Houston, one with the Los Angeles Clippers) and he has played in the NBA Development League.

THE PRESS BOX

Q & A: On Ole Miss, Memphis Football, NBA …

The floor is open for questions – on Hugh Freeze and Ole Miss, the amazing Memphis Redbirds and streaky St. Louis Cardinals, the start of University of Memphis football practice, and a few NBA matters …

THE TIPPING POINT

Kim Cherry Invests in Culture and Community

What do you want to be when you grow up? It’s a question commonly asked of children, with a slate of common answers: doctor, teacher, astronaut.

VIEW FROM THE HILL

Bad Leadership or Politics? Motlow President’s Fall

One day he was the golden boy, touting Motlow State’s success and posing with the governor for the signing of the Reconnect Act. The next, seemingly, he was gone with the wind.

SNAPSHOT

Sunny Days

Agricenter International planted more than 78,000 sunflower seeds this year and visitors can view them from the parking lot near Walnut Bend Road or off Smythe Farm Road. The sunflowers are expected to remain in bloom for another week.

LOCAL COLUMNISTS

Love in the Bones

DNA IN THE TIMBERS, SOUL IN THE PLACE. We drive by them at the edge of fields, just there in the woods, or just here abandoned at the edge of progress, beneath the tumble of vines and what remains of a roof or a wall, the dark eyes of broken windows and missing doors, the lost welcome of sagging porches, of warmth gone cold from crumbling chimneys, reminders of a life and lives, of another time – and every time I wonder who they were, what happened there.

Finding Your Best Bank – It’s Worth It

Ray’s Take: There’s a perception that all banks are the same and offer the same services and have the same fees. That may have been true at one time, but in today’s world, it pays to investigate a broad range of financial institutions to find the one that has the best products and services geared toward your individual needs.

Shut Down The Rumor Mill

My father, Joe Crowley, a very wise man, always had a response whenever anyone said they heard a rumor, and wanted to pass it on. He always stopped them short by saying, “Those who don’t know, talk. Those who know, don’t talk.”

Are ‘Snaplications’ The Next Trend In Recruiting?

When most job seekers think of using social media to apply for a new job, they think of networking website LinkedIn. But McDonald’s pushed the boundaries of recruiting by partnering with Snapchat to hire new employees this summer. Previously rolled out in Australia earlier this year, they’re calling the recruiting effort “Snaplications.”

Using Facebook for Lead Gen

Facebook now has 2 billion monthly users and accounts for 10 percent of all website visits. So, you’ve probably already taken the time to set up a Facebook page for your business and are making regular posts part of your marketing strategy. Today, I’d encourage you to think of Facebook as more than just a marketing communications channel. It can be a strong source of sales leads, too.

Summer Refreshers for Boards

Calling all board members: Get ready for the flurry of fall activities that are a part of life within the nonprofit sector. Consider the following “board refreshers” as you enjoy – or hide from – the hot summer sun. Grab your board binder, put on your nonprofit sun visor, and let’s talk board engagement.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 61 122 17,665
MORTGAGES 82 150 20,576
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 151 334 36,150
BANKRUPTCIES 54 92 11,774
BUSINESS LICENSES 31 59 5,619
UTILITY CONNECTIONS 28 120 12,154
MARRIAGE LICENSES 24 49 4,406

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