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VOL. 131 | NO. 163 | Tuesday, August 16, 2016

Elvis Vigil Draws Protest, Heavy Police Presence

Several hundred Black Lives Matter movement protesters massed south of Graceland Monday, Aug. 15, on the 39th anniversary of Elvis Presley’s death as several thousand people gathered on the other side of a thick police presence for Graceland’s annual candlelight vigil.

MAA to Acquire Post Properties for $4 Billion

Memphis-based MAA will purchase Atlanta-based Post Properties Inc. for $4 billion, creating the largest publicly traded real estate investment trust by number of owned apartments. The combined company will have an expected value of $17 billion with an equity market capitalization of $12 billion.

Memphis Tigers get Commitment from 4-Star Offensive Lineman

Four-star offensive tackle Obinna Eze has bypassed offers from multiple SEC schools, including Alabama, Florida and LSU, to commit to the University of Memphis, according to Memphis.247sports.com.

Hotel Napoleon Joins Growing List of Unique Downtown Lodging

A Downtown property’s ample windows, turn-of-the century architecture and an interesting backstory attracted hotel developer Suna Investments to the historic Winchester Building at 179 Madison Ave.

Last Word: Graceland's Important Day, MAA's $4 Billion Buy and Hotel Napoleon

Before the rain did its thing Monday night at Graceland, the latest Black Lives Matter movement protest was a fact at Graceland’s annual candlelight vigil.

Local Weather
Currently
Memphis, TN
46.0°F
Overcast
Wind: Southeast at 6.9 mph
Humidity: 89%

EVENTS

Memphis Jewish Community Center will hold a Medicare informational meeting Tuesday, Aug. 16, at 6 p.m. at 6560 Poplar Ave. Larry L. Turner of Imagine Retirement will explain Medicare for those ages 60 to 64. Open to the public; reservations required. Call Jennifer Roberts at 901-761-0810.

more events »

Animal Shelter Moves Toward Three-Year Action Plan

The Memphis Animal Shelter should have a three-year action plan by the end of October to end the killing of pets at the shelter for time and space considerations.

Weinshanker: Graceland, Whitehaven Inextricable

The single largest private business investment in Whitehaven, including a $45 million, 200,000-square-foot entertainment complex across from Graceland mansion, is an effort to establish Memphis as “the home of rock ’n’ roll” and to do it specifically where Elvis Presley made his home.

Rhodes Junior Builds High-Ranking iOS App

Rhodes College junior Will Cobb, a computer science major, still can’t believe it.

SMALL BUSINESS SPOTLIGHT

Technology or No, Matrix Achievement Group Strives for Sales Results

The pitch for Matrix Achievement Group can seem to be all about now, all about the fast-moving, 24-hour clock exhausting everyone, and the feeling that if only the technology could be made to always work for you, everything would be better.

LOCAL COLUMNISTS

Brand Essence: The Rock ‘n’ Roll of Business, Part 1

Editor’s note: Part one of a three-part series. Like famous musicians, effective brands maintain a certain sway over those who come into contact with them, a sense of awe and authority that translates talent, focus and hard work into an essence that communicates instantly.

You’ve Raised the Money, Now How Do You Keep It?

Editor’s note: Part one of a two-part interview with Leland FaustFinancial management and investing is critical to the sustainability of nonprofits. As a board member or trustee you have a fiduciary responsibility. But how do you fulfill that responsibility? What do you need to know as it relates to financial management and investment?

STATEWIDE

Rebuilding of Nashville Jail to Start After Inmates Moved

NASHVILLE, Tenn. (AP) – Inmates at a downtown Nashville jail have been transferred out of the facility in preparation for the jail's reconstruction.

Designer Unveils 9/11 Cleats for Titans' Avery Williamson

NASHVILLE, Tenn. (AP) – A custom footwear designer says he has given a pair of Nike cleats a patriotic look for Titans linebacker Avery Williamson to wear during Tennessee's opener on Sept. 11.

REGIONAL NEWS

Oxford Mourns Deaths of 3 Couples in Plane Crash

TUSCALOOSA, Ala. (AP) – Three married couples killed in the crash of a small airplane in Alabama all lived in the university town of Oxford, Mississippi, where city flags were lowered Monday as residents grappled with the loss of so many lives at one time.

Work Continues on New Internet Network for Arkansas Schools

LITTLE ROCK, Ark. (AP) – Arkansas officials say the continuing process of providing high-speed internet to each of the state's 276 school districts should be completed by June.

SCIENCE & TECHNOLOGY

Study: Most Sources of Methane Hot Spot are Gas Facilities

DENVER (AP) – Scientists say most of the sources contributing to a puzzling concentration of the greenhouse gas methane over the Southwestern United States appear to be natural gas production facilities.

REAL ESTATE & DEVELOPMENT

US Homebuilder Sentiment Rises in August as Sales Improve

U.S. homebuilders are feeling more optimistic about the housing market this month, reflecting strong growth in new-home sales and prices.

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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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