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VOL. TMN-9 | NO. 38 | Saturday, September 17, 2016
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Hospitable Market

Memphis hoteliers enjoying strong performance, healthy development pipeline

The Memphis area hotel market continues on its solid run of the past few years, led by the Downtown submarket with strong occupancy and room rates. The pipeline for new Downtown hotel projects is loaded, with as many as 15 projects in various stages of development and hotel construction picking up in other parts of the county.


Editorial: Sister Constance’s Dilemma

Sometime before fall arrives by the calendar, nine people – six children and three adults – will be eulogized and buried. A seventh child was removed from life support this week and will be allowed to die.


Brooks Museum to Open Carroll Cloar Gallery

Three years after the Memphis Brooks Museum of Art and four other art institutions in the city mounted a major retrospective exhibition on Memphis artist Carroll Cloar, the Brooks is opening a permanent exhibit space dedicated to Cloar’s work.

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EMPHASIS Financial Services

First Tennessee Bank Opens First Local Branch in a Decade in Arlington

After a decade of acquisitions and renovations of existing branches, Memphis-based First Tennessee Bank has opened its first new West Tennessee branch in Arlington.

Bank of America Memphis Exec: ‘Everything Has Changed’

Mike Frick has hit the decade mark this year in his role as Memphis market president for Bank of America.

SEACAP Financial Helping Clients Navigate Economic Waves

What, a prospective client might fairly wonder, is a Memphis-based business advisory group doing with the name SEACAP Financial? Don’t they realize their nearest shore is beside the Mississippi River?

Snapshot: Shadyac Does Duck Walk

ALSAC president and CEO Rick Shadyac served as honorary duckmaster at The Peabody’s 147th anniversary celebration this week, where he was also inducted into the Duck Walk Hall of Fame. At the ceremony, Peabody Hotels & Resorts president Doug Browne announced a campaign to raise $1 million for St. Jude through various means.


September 16-22: This week in Memphis history

1976: Solomon Alfred, described in The Daily News “Dining Out” column as a “restaurant, club and pinball emporium” has been open since May on the northeast corner of Madison and Cooper in Overton Square. It is owned by The Grove Inc., a Little Rock-based corporation.


St. Jude Graduate School Seeks Applicants

St. Jude Children’s Research Hospital is another step closer to launching its new on-campus biomedical sciences graduate school, with the window for applications from potential students now open.

Public Awareness, Early Detection Most Important in Treating Sepsis

Annually it’s the third-leading killer worldwide behind only behind cancer and heart attacks.


Rallings: Police Response to Protests Requires ‘Balance’

Memphis Police Director Michael Rallings says his department’s response to protests has to keep a national perspective on terrorism as well as the potential for violence.


Shelby County Mortgage Market Up 17 Percent in August

Bankers like Scott Stafford are watching for the Federal Reserve to raise interest rates soon and, at least for the moment, expect the usual mortgage market cool-down heading towards the end of the year.


August Home Sales End Two-Month Slump as Inventory Remains Tight

After a two-month slump, home sales in Shelby County increased 15 percent in August.

Mason Village Start Seven Years In The Making

On a hot day in South Memphis, Charles E. Blake, the presiding Bishop of the Memphis-based Church of God in Christ looked through several chain link fences onto open land on both sides of Mason Street – the street named for COGIC founder Charles Mason – and said, “We’ve got space to grow – room to grow.”

Germantown Board OKs First Step Toward New School Land Purchase

The city of Germantown has taken a first step toward the purchase of a little more than 30 acres of land for a new school.

Crosstown Concourse Lands 450-Seat Performing Arts Theater

A 450-seat theater on the Crosstown Concourse campus will attract national acts and boost the local arts scene.

Three Industrial Properties Sell for $9.6 Million

Malone Distribution Park  -
Three industrial properties in southeast Shelby County have sold for $9.6 million.


Kirkpatrick Named CFO At Commercial Advisors

Lori Kirkpatrick has joined Cushman & Wakefield/Commercial Advisors as chief financial officer. In this role, Kirkpatrick oversees all finance and accounting functions at the commercial real estate services firm, including lease administration services provided to clients. 


Agricenter’s FFA Field Day Teaches Students About a Growing Job Market

As his students listened to presentations on everything from soil testing and diagnostic solutions to plot research and biogenetics to agricultural sales and service, Carol Mason wiped the sweat from his brow and said that standing in a filed at Agricenter International was to step foot into an different world.


$4.3M Grant Has MATA Hopeful of Replacing Outdated Buses

The Memphis Area Transit Authority could add as many as 35 new buses to its fleet, which would reduce its high rate for road failure and maintenance costs.


Webb: ‘The Most Important Thing is Talent’

When Roblin Webb graduated from Rhodes College with an urban studies major, she knew she wanted to make a difference, and working as a civil rights lawyer seemed like the right way to do it. So she headed to law school and grad school at Rutgers, in New Jersey, then came back to Memphis and got a job at a law firm. 


Foundation to Evaluate After-School Programs

The Community Foundation of Greater Memphis is putting up $300,000 to measure the results of five local nonprofits offering after-school and summer education programs for children.

Crosstown High Misses Out on XQ Grant

Crosstown High School, which was a finalist for one of several $10 million high school grants awarded by the XQ Super School Project, was not among the 10 schools to receive a grant from the national school-reform group Wednesday, Sept. 14.


Fred’s Undergoing Changes After Disappointing Financial Results

The second quarter has not been kind to retail stocks. Among almost 90 percent of retail companies that reported second-quarter earnings as of Aug. 24, just 3.9 percent surpassed estimates, according to Zacks Investment Research, and barely 4 percent posted higher year-over-year revenue.

Memphis Drawing More Out-of-Town Retailers

Second- and third-tier retail markets are seeing a resurgence nationally, and Memphis’ own economic recovery is garnering attention from out-of-town retailers.


Grizzlies and Civil Rights Museum Create ‘A Bridge of Opportunity’

Fifteen years ago, the Memphis Grizzlies were about to start their first season as the city’s NBA team. The run-up to the season had been bumpy with next-door neighbors displaying “NBA NOW” and “NBA NO” signs. The latter were first created with a little editing to the “NBA NOW” signs as the “w” was erased or covered over.

Basketball Aside, Fizdale Belongs in Memphis

When he was growing up in South Central Los Angeles, a young David Fizdale couldn’t imagine that he would one day be in Memphis or an NBA head coach.

High-Scoring Ohio Good Warmup for Florida Game

Tennessee football returns to normalcy this week, if you call a noon EDT kickoff normal.

‘Crazy Stuff’ Threatens to Kill Another Titans Season

By most accounts, the Tennessee Titans won the offseason thanks to a strong draft and some smart moves in free agency.

OC Robiskie Appreciates the Help – To a Point

Being an offensive or defensive coordinator can be a thankless job.

Tigers to Start and End AAC Play With SMU

The University of Memphis will open its 2016-17 American Athletic Conference schedule on Tuesday, Dec. 27, when SMU comes to FedExForum and will finish the season on Saturday, March 4, at SMU.

Memphis Running Game Must Improve, Ole Miss Seeks 3rd Win Over Bama

On the plus side, the University of Memphis was not upset and the 35-17 victory over Southeast Missouri State was never in doubt. There was never that moment when one feared this would become what happened to Mississippi State (losing to South Alabama the opening weekend) or almost happened to Tennessee (pushed to overtime by Appalachian State).


Sunkara Keeps Memphis Companies on the Cutting Edge

Sridhar Sunkara knows the challenges that small-business owners face. He is one.


A Tasteful List 2016

MEMPHIS BY THE BITE. Presenting the sixth serving of the Tasteful List, updated for 2016 – alphabetical local favorites in one decidedly local man’s opinion – the only things easy to swallow in an election year.

Retirement Readiness – Positive Planning

Ray’s Take At varying levels, most of us acknowledge that retirement planning is something that deserves some consideration. The challenge comes in the midst of day-to-day problems and distractions. We can lose focus or may not have a good grasp of what our focus is. It makes an often-difficult task even harder.

Back in Business

There are a lot of common words and phrases in which back is an integral part. And many of them have significant application in the autumn of the year.

No Quick Fix in State Health Insurance Issue

State Rep. Ron Travis is perplexed.

All Monuments Are Grand in Arizona

By rule it doesn’t rain in the desert. It can’t rain in the desert, right?

Put Your Career First

Loyalty can feel like a lost art. It’s often hard to know where alliances lie and who really has your back. Sadly, this can be especially true in the workplace.

Start Planning for 2017 In These Four Areas

It’s not too soon to start thinking about how you’re going to make 2017 a success for your company. Here are four areas that are essential to the sales and marketing performance of your business.

Are Your Benefits Outdated?

If you’ve ever managed or owned a business, you know that the workforce is one of any company’s biggest expenses. But your workforce can also be one of the biggest opportunities. Satisfied employees work longer and harder, and great employees are great for business. But how do you keep employees happy while maintaining a healthy bottom line? 

Healthy Visionaries

If you want to create a high-growth company or transform a slow- or flat-growth organization into a category-dominating leader, you cannot manage this type of growth with an MBA-styled leader who wants to function like a strategic CFO by mainly cutting costs and managing profit and loss.

Donor Retention and Attrition: How Effective is Your Fundraising?

We know you want to meet your fundraising goals. We also know some readers may be anxious wondering, “How will the calendar year end? Will we be in the red or in the black come Dec. 31?” While we don’t have a magic wand, we do want to suggest two aspects of fundraising management you should keep an eye on.

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Blog News, Training & Events
PROPERTY SALES 119 482 10,051
MORTGAGES 119 497 11,811
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700

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