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VOL. 131 | NO. 176 | Friday, September 2, 2016

Global Ministries Plans to Sell Its Subsidized Housing Portfolio

Memphis-based Global Ministries Foundation is getting out of the federally subsidized housing game with a move to sell all of its Memphis properties and about half of its nationwide portfolio, which includes complexes in eight states.

Enoble's Headquarters Sells in Foreclosure

The four-story office building on Ridge Lake Boulevard that Enoble Business Capital spent $10 million to renovate has sold in foreclosure after its owner, Troika LLC, defaulted on a $9.8 million loan through First Tennessee Bank.

Baptist Explores Possible Combination With Miss. Health System

Baptist Memorial Health Care Corp. has begun talks with Jackson, Miss.-based Mississippi Baptist Health Systems about how the two organizations can work together, talks that Baptist said Thursday could lead to a merger or combination of some kind in the future.

Nonprofit Church Health Center Rebrands

The Church Health Center celebrated its 29th birthday Thursday, Sept. 1, by rolling out a new name, tagline and logo in advance of its move to Crosstown Concourse early next year.

Shelby Farms Park Formally Debuts $70 Million Improvements

Opening a park that looks $70 million different isn’t a matter of lifting a curtain.

Local Weather
Currently
Memphis, TN
58.0°F
Fair
Wind: Southeast at 3.5 mph
Humidity: 78%

EVENTS

The Memphis Music & Heritage Festival, presented by the Center for Southern Folklore, will be held Saturday and Sunday, Sept. 3-4, from 11 a.m. to 11 p.m. on Main Street between Peabody Place and Union Avenue. The event will include live music on six stages, arts and crafts vendors, food vendors and more. Admission is free. Visit southernfolklore.com.

more events »

Last Word: Hyde Lake, Global Ministries Exits and Another Big 12 Rumor

A big day at Shelby Farms Park Thursday as the Heart of the Park renovations were formally opened. And it was also a cause to look back on where the park has come from.

Nonconnah Center Sale Could Boost Market

In what is sure to be one of the top commercial real estate transactions of the year, the majority of the 1.2 million-square-foot Nonconnah Corporate Center has sold. ReMark Trust, an out-of-town investment group, purchased the property for $57 million.

Local Republicans Open Campaign HQ With Emphasis on Trump, Kustoff

Republican Congressional contender David Kustoff couldn’t resist as several dozen people gathered for the opening of the local Republican Party’s campaign headquarters Wednesday, Aug. 31, in East Memphis.

Snapshot: Legally Fashionable

The Memphis Bar Association held its sixth annual Seersucker Flash Mob at The Peabody hotel Wednesday, Aug. 31. It’s a growing tradition and a fundraiser for Memphis Area Legal Services and A Step Ahead Foundation.

STARTUP CONFIDENTIAL

Farrow: ‘You Really Have to Listen to People’

It was a defining moment: When Hardy Farrow was a student at George Washington University in Washington, D.C., he became an intern with Teach for America. One day in a D.C. classroom, a fourth-grader asked him about where he went to college, and they began talking. 

SPORTS

Redbirds’ Home Attendance Still a Rebuilding Project

On the last Saturday night of the summer at AutoZone Park, the Memphis Redbirds sold the place out and then some. The announced attendance of 11,041 represented the highest mark since the ballpark was renovated and reconfigured after the 2014 season.

Mularkey Might Find Elusive Success in Third Shot

Is the third time the charm for Mike Mularkey? The Tennessee Titans certainly hope so.

AZP Glory Days Only Rarely Revisited

It began on April 1, 2000. The much-anticipated diamond gem Downtown was open for business.

LOCAL COLUMNISTS

Retirement Planning When You’re Self-Employed

Ray’s Take Most people who work dream of being their own boss at some point. While there are certainly some benefits, there are a good number of extra headwinds you don’t want to ignore.

Starve The Egos. Feed The Love.

GOODWILL IS AN ENDANGERED SPECIES. Remember how much we used to love the Memphis Zoo? I do.

STATEWIDE

Labor Board Orders Volkswagen to Begin Bargaining With UAW

NASHVILLE, Tenn. (AP) – The National Labor Relations Board is ordering Volkswagen to engage in bargaining with a group of skilled-trades workers who voted to be represented by the United Auto Workers union at the German automaker's lone U.S. plant in Tennessee.

REGIONAL NEWS

Measure Allowing Casinos in 3 Arkansas Counties Makes Ballot

LITTLE ROCK, Ark. (AP) – A proposal to legalize casinos in three Arkansas counties was approved for the November ballot on Thursday, with critics warning the move would allow a private company to give itself a constitutionally protected gambling monopoly in the state.

TECHNOLOGY

Facebook Adds 'Instant Video' Option to Texts in Messenger

NEW YORK (AP) – Facebook is adding an "instant video" feature to text messages within its Messenger app. This means users can send each other videos while they are texting in the app, in case words are not quite enough.

NATIONAL BUSINESS

Wal-Mart Cutting About 7,000 Back-Office Store Jobs

NEW YORK (AP) – Wal-Mart is cutting about 7,000 back-office store jobs over the next few months as it centralizes its invoice and accounting departments, expanding a test it announced in June.

Apple Says Several Billion Dollars Set Aside for US Taxes

LONDON (AP) – Apple's chief executive says the company has put aside "several billion dollars" to pay tax liabilities in the United States as it repatriates some of its huge overseas earnings.

ECONOMY

Weekly Requests for US Jobless Aid Rise But Still Near Lows

WASHINGTON (AP) – Slightly more Americans sought unemployment benefits last week, but the overall levels still remain near historic lows in a positive sign for the job market.

US Factory Activity Shrinks for First Time in 6 Months

WASHINGTON (AP) – U.S. manufacturing contracted last month for the first time since February, as new orders and output plummeted and factories cut jobs.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 296 17,839
MORTGAGES 83 360 20,786
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 161 671 36,487
BANKRUPTCIES 46 192 11,874
BUSINESS LICENSES 16 96 5,656
UTILITY CONNECTIONS 28 175 12,208
MARRIAGE LICENSES 32 92 4,449

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