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VOL. 132 | NO. 186 | Tuesday, September 19, 2017

Highwoods Sells Southwind Portfolio for Nearly $40M

Highwoods Properties has sold a massive portion of its portfolio in Southwind to a New York-based investment group for $39 million.

Redbirds Capture PCL Title

Memphis plays Durham in Triple-A Championship Game on Sept. 19

Patrick Wisdom, one of the few constants on the Memphis Redbirds this season, hit a two-run homer and made a critical defensive play in Sunday’s 3-1 victory at El Paso to win the Pacific Coast League championship.

EMPHASIS Financial Services

Credit Report Changes Remove Some Info, Put Greater Burden on Lenders

Lenders don’t just want a snapshot of potential borrowers. They want the full picture. In theory, the three major credit reporting companies – Equifax, Experian and TransUnion – were providing that. But the reports routinely included errors. It was not uncommon for the credit information of people with similar names to be confused.

Wunderlich Preparing Downtown Space for HQ Move

By this time next year, Memphis-based investment firm Wunderlich Securities Inc. will have a prominent new headquarters space Downtown,

Local Weather
Currently
Memphis, TN
66.0°F
A Few Clouds
Wind: East at 3.5 mph
Humidity: 45%

EVENTS

The Orpheum Theatre will kick off its 2017-18 Broadway season with Rodgers & Hammerstein’s “The King & I” Tuesday, Sept. 19, through Sept. 24 at 203 S. Main St. Visit orpheum-memphis.com.

more events »

Last Word: Doubling Down at City Hall, Karl Dean in Collierville & Your Credit Report

Memphis City Council chairman Berlin Boyd doubling down right at the start of a Monday morning meeting of the Beale Street Task Force on that conflict of interest issue involving his company’s contract with the Beale Street Merchants Association. Meanwhile, it is council day at City Hall Tuesday and lots to discuss on several fronts including the Bicentennial Gateway and Convention Center projects and the move of Golden India just off Overton Square.

Waddell & Associates Platform Looks to Turn Millennials Into Investors

Andrew Lichliter had a few thousand dollars in a retirement account, but wanted to change that to a different type of investment.

Juvenile Court Outcomes Still Questioned

Rev. Keith Norman says just about every time federal monitors in the settlement agreement with Juvenile Court come to Memphis they meet with him and want to hear from a broad cross section of Memphians with no filtering of those they encounter.

Dean: Economic Development More Difficult in Memphis

It’s a story that former Nashville Mayor Karl Dean tells just about every place in the state he goes in his campaign to be the state’s next governor.

City Council to Vote on Advancing Gateway, Convention Center Funding

Memphis City Council members vote Tuesday, Sept. 19 on two resolutions that would advance a total of $21.5 million to the Bicentennial Gateway project as well as Memphis Cook Convention Center renovations, which is also part of the Gateway project.

LOCAL COLUMNISTS

Don’t Give Me That Data-tude

Humans are a limited species. We cannot with any certainty, given the dynamic nature of life, predict the future.

Creating A Successful Special Event

What if you could step back in time and experience a Night at the Lorraine, the motel that has been redeveloped and transformed into the National Civil Rights Museum? That’s the opportunity that Jeanette O’Bryant, development officer with the museum, provides for guests. Together with her committee chair, Terrence Reed, NATL committee members, employees and volunteers, she created a new, fun revenue stream.

Hurricanes Deliver Pain And Important Message

Tens of thousands are still dealing with the floods and aftermath of Hurricanes Harvey and Irma, even as at least one more storm approaches the U.S. mainland. It’s gut-wrenching to see all the devastation and havoc these storms have caused.

REAL ESTATE RECAP

Germantown Medical Office Sells for $16M

1325 Wolf Park Drive, Germantown, TN 38138 -
A New York-based investment trust has paid $15.9 million for the Germantown medical office building that houses Wolf River Surgery Center.

STATEWIDE

Food Stamp Work Requirement to Return for Most of Tennessee

NASHVILLE, Tenn. (AP) – Gov. Bill Haslam is reinstating food stamp work requirements for most Tennessee counties starting Feb. 1.

REGIONAL NEWS

High Number of Applications for Arkansas Medical Marijuana

LITTLE ROCK, Ark. (AP) – Would-be growers and distributors of Arkansas' initial medical marijuana crop have flooded a state office building waiting for their turn to submit applications.

Police: Pickup Hits Confederate Memorial, Apparent DWI

OXFORD, Miss. (AP) – A pickup truck hit and damaged a decorative extension of a Confederate memorial's base, but campus police say it was apparently by accident.

LEGAL AFFAIRS

CFPB Fines Student Loan Holder, Debt Collector

WASHINGTON (AP) – The federal government has fined two groups it says illegally attempted to collect student loan debt and prohibited them from further action on recovering payments until audits on all its accounts are completed.

NATIONAL GOVERNMENT

GOP Eyes Popular Tax Breaks to Finance Overhaul

WASHINGTON (AP) – Republicans straining to find about $1 trillion to finance sweeping tax cuts are homing in on two popular deductions that are woven into the nation's fiscal fabric – the mortgage interest deduction that millions of homeowners prize and the deduction for state and local taxes popular in Democratic strongholds.

Disability Backlog Tops 1 Million; Thousands Die on Waitlist

WASHINGTON (AP) – More than 1 million Americans are awaiting a hearing to see whether they qualify for disability benefits from Social Security, with the average wait of nearly two years – longer than some of them will live.

White House, Black College Heads to Meet Amid Strained Ties

WASHINGTON (AP) – President Donald Trump on Monday named a lawyer and former NFL player as executive director of the White House Initiative on Historically Black Colleges and Universities, as the administration faces criticism from those institutions of promises unkept.

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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.