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VOL. 132 | NO. 152 | Wednesday, August 2, 2017

Cordova Apartment Community Sells for $27.9M

The Charleston, a 284-unit apartment community on the east side of Houston Levee Road just south of U.S. 64, has sold in a $27.9 million deal.

Developers Baking $73 Million Deal at Wonder Bread Plant

A development group wants to breathe new life into the former Wonder Bread plant that used to fill the Memphis Medical District with the smell of fresh bread before it closed in 2013.

Kustoff Says Russian Influence Not An Issue With Constituents

Republican U.S. Rep. David Kustoff of Germantown says there is a “media bias” against President Donald Trump and that he doesn’t hear a lot from constituents about possible Russian influence on the 2016 presidential election or beyond the election.

First Alliance Bank Moving to Clark Tower

Memphis-based First Alliance Bank has signed a 10-year lease to relocate its Poplar Avenue branch into a new facility inside the recently remodeled Clark Tower office building.

Royal Studios Celebrates 60 Years of Music-Making

For Lawrence “Boo” Mitchell, the workday starts around 10 in the morning, when he arrives at Royal Studios to start miking up the drums. He’ll spend the next few hours getting the rest of the instruments set up and “dialing in sounds,” all the technical work that has to be done before the acts and artists show up at Royal and start running through their songs.

Local Weather
Currently
Memphis, TN
79.0°F
Fair
Wind: Southeast at 4.6 mph
Humidity: 72%

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.

more events »

Last Word: Kustoff at Rotary, Royal's Vibe and The Terms of MEMPOWER

The investment group that renovated the Chisca resurfaced Tuesday evening with a plan for the Wonder Bread factory, vacant for the last four years. But don’t look for a return of the bread smell to the Edge area. And if you look at what has started to happen in that particular corridor since Wonder Bread shut down, the mixed-use plan has some precedent. Throw in the move to sell The Commercial Appeal property just a few blocks away and if the economy remains this good, the transformation in this area could be radical in another four years.

Wilkins Launches MEMPOWER For Black Political Empowerment in Memphis

Ricky E. Wilkins says he’s not upset about his 2014 loss in the Democratic congressional primary. He calls his loss to incumbent U.S. Rep. Steve Cohen “an education.”

Wonder Bread Factory Rebirth Eyed by Chisca Hotel Developer

A new plan submitted to city officials would breathe new life into the former Wonder Bread factory that used to fill the Memphis Medical District with the smell of fresh bread before it closed in 2013.

Commission Tries to Stop Charter School Plan

Shelby County commissioners called on a charter school that planned to open in Memphis but instead wants to set up shop in Bartlett to stick by its original plan or put off opening Gateway University Charter School next week.

Red-Hot Growth for Pyro’s Fire Fresh Pizza

Pyro’s Fire Fresh Pizza has blazed quite a trail over the past five years by growing to five Memphis-area locations, and now co-owners Chad Foreman and Kirk Cotham are turning their sights toward expansion through the southeastern U.S.

SPORTS NOTEBOOK

Rough Start at Kansas for Dedric Lawson

Admit it: If you first saw news of a Lawson suspended at the University of Kansas, you assumed it would be K.J. It was K.J, after all, who exited the University of Memphis giving coach Tubby Smith double-bird via social media, saying inappropriate things, and let’s not forget this: playing with a selfishness on the court that could make you wince.

MEMPHIS NEWSMAKERS

HealthChoice Promotes Henning To Director of Population Health

Sarah Henning has been promoted to director of population health programs at HealthChoice. Henning previously served as manager of the department. In her new role, Henning is responsible for designing, implementing and managing population health and wellness initiatives and programs for the HealthChoice network.

LOCAL COLUMNISTS

Advice to My Younger Self

In the past week, two interesting things have happened. First, I was asked the question, “What advice would you give your younger self?” Then, I attended my high school reunion. Walking through the old halls of my high school brought back memories of where it all started. Needless to say, both moments made me think about the past and what advice I would give a young person today.

Using Jargon Not Always a Crime

We tell ourselves that the use of clever, intentional phrasing designed to encapsulate thoughts as succinctly as possible is the perfect method for communicating with our audience. But are we telling ourselves the truth?

MEMPHIS AREA

3 of 4 Charged in Arkansas Day Care Van Death Enter Pleas

MARION, Ark. (AP) – Three of four women charged with manslaughter in the death of a 5-year-old boy who was left in a day care van in Arkansas have pleaded not guilty.

STATEWIDE

Poll: Haslam Gets Positive Bipartisan Marks on Education

NASHVILLE, Tenn. (AP) – Democratic voters widely support Republican Gov. Bill Haslam and many of them want his education initiatives to continue through his successor, an education advocacy group found in a poll.

US Rep. Duncan Says He Won't Run for Re-Election Next Year

KNOXVILLE, Tenn. (AP) – Longtime U.S. Rep. John Duncan said Monday that he will not run for re-election next year because he wants to spend more time with his family.

REGIONAL NEWS

2 Arkansas Community Colleges Merge

FORREST CITY, Ark. (AP) – A technical institute in eastern Arkansas has merged with a neighboring community college.

NATIONAL BUSINESS

Sprint Posts Rare Profit, Says a Deal May Be Coming Soon

OVERLAND PARK, Kan. (AP) – Sprint said Tuesday that it should be able to "strike a deal" in the "near future," driving up shares of the fourth-largest U.S. wireless carrier.

Key Drug Sales Push Pfizer Profit Up 50 Percent

Rising sales of most key drugs, lower one-time charges and reduced manufacturing costs helped drive Pfizer's second-quarter profit up 50 percent.

NATIONAL GOVERNMENT

Kelly Wins Praise Across The Aisle, But Bigger Task is Ahead

WASHINGTON (AP) – Raised voices could be heard through the thick door to the Oval Office as John Kelly – then secretary of Homeland Security – offered some tough talk to President Donald Trump.

Kushner Says Trump Campaign Was Too Dysfunctional to Collude

WASHINGTON (AP) – President Donald Trump's son-in-law told a group of congressional interns that the Trump campaign couldn't have colluded with Russia because the team was too dysfunctional and disorganized to coordinate with a foreign government.

Flying Ace Sully Makes Case Against Privatization

WASHINGTON (AP) – Who are you going to trust when it comes to what's best for the flying public? Members of Congress or the hero of the Miracle on the Hudson, retired Capt. Chesley "Sully" Sullenberger?

AUTO INDUSTRY

Summertime Blues: Car Sales Head for 7th Straight Down Month

DETROIT (AP) – U.S. sales of new cars and trucks showed declines in July as automakers cut back on low-profit rental car sales and consumers waited for Labor Day deals.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 312 16,192
MORTGAGES 0 293 18,685
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 655 33,126
BANKRUPTCIES 0 237 10,737
BUSINESS LICENSES 0 112 5,198
UTILITY CONNECTIONS 0 127 11,344
MARRIAGE LICENSES 0 94 3,867

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