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Editorial Results (free)

1. TIF Designation Could Bring Poplar Improvements -

With several office, hotel and mixed-use projects planned along the Poplar Corridor, a group of property owners want a public financing subsidy to help pay for infrastructure improvements.

The Poplar Corridor Business District Association of Owners, a nonprofit formed by several Poplar Avenue property owners for the purpose of “improving the economy, aesthetics and quality of life within the Poplar Corridor Business District,” is asking the Economic Development Growth Engine for Memphis and Shelby County board to establish a tax increment financing district immediately east and west of Interstate 240, according to documents made publicly available Monday, July 23.

2. Poplar Corridor TIF Gets First Green Light -

The board of the city-county Economic Development Growth Engine approved a tax increment financing, or TIF, district for the Poplar Avenue business corridor Wednesday, July 25, after a debate about the use of city and county property tax revenue in a corridor with an estimated $1 billion in appraised property.

3. TIF Designation Could Bring Improvements to Poplar Ave. -

With several office, hotel and mixed-use projects planned along the Poplar Corridor, a group of property owners want a public financing subsidy to help pay for infrastructure improvements.

The Poplar Corridor Business District Association of Owners, a nonprofit formed by several Poplar Avenue property owners for the purpose of “improving the economy, aesthetics and quality of life within the Poplar Corridor Business District,” is asking the Economic Development Growth Engine for Memphis and Shelby County board to establish a tax increment financing district immediately east and west of Interstate 240, according to documents made publicly available Monday, July 23.

4. Office Vacancy, Asking Rents Both Rise -

Despite an uptick in the vacancy rate, direct asking prices continued to rise in the Memphis office market during the first quarter of 2018, according to research complied by commercial real estate firm Avison Young.

5. $14M Building Permit Filed For Thomas & Betts Move -

A $14 million building permit application has been filed with the Office of Construction Code Enforcement for renovations to an office building at 860 Ridge Lake Blvd. in East Memphis for Thomas & Betts Corp.

6. Overton Square Adds Two New Restaurants in One Week -

2110 Madison Ave.

Memphis, TN 38104

Lease Amount: 3,790 square feet 

Tenant: Bogard

Tenant’s Agent: Barry Maynard, LRG

Landlord: Loeb Properties Inc.

7. $14M Building Permit Filed For Thomas & Betts Move -

A $14 million building permit application has been filed with the Office of Construction Code Enforcement for renovations to an office building at 860 Ridge Lake Blvd. in East Memphis for Thomas & Betts Corp.

8. T&B Parent Company ABB To Buy GE Unit for $2.6B -

Swiss robotics and industrial machinery maker ABB is buying the electrification services unit of U.S. conglomerate General Electric in a deal valued at $2.6 billion, boosting its presence in its crucial North American market.

9. T&B Parent Company ABB To Buy GE Unit for $2.6B -

Swiss robotics and industrial machinery maker ABB is buying the electrification services unit of U.S. conglomerate General Electric in a deal valued at $2.6 billion, boosting its presence in its crucial North American market.

10. Fully Loaded -

It’s almost like the first half of 2017 was a decade in the making, at least when it comes to commercial real estate. Throughout all four major sectors of the Memphis-area commercial real estate market – industrial, office, retail and multifamily – figures are consistently reaching or exceeding pre-recession marks.

11. MRG, Thomas & Betts Receive Tax Incentives -

Makowsky Ringel Greenberg and Thomas & Betts were both awarded tax incentives to advance their respective projects by the Economic Development Growth Engine for Memphis and Shelby County on Wednesday, July 19.

12. T&B Granted 15-Year PILOT to Relocated Corporate HQ -

Memphis-based Thomas & Betts has been awarded a 15-year PILOT (payment-in-lieu-of-taxes) to relocate its corporate headquarters from Southwind to the Ridgeway Center in East Memphis and consolidate its regional research and development functions.

13. T&B Granted 15-Year PILOT to Relocated Corporate HQ -

Low voltage electrical and commutations products manufacturer, Thomas and Betts has been awarded a 15-year PILOT (payment-in-lieu-of-taxes) to relocated its corporate headquarters and consolidate its regional research and development functions.

14. Thomas & Betts to Invest $20.7 Million in Expansion -

Thomas & Betts plans to add 75 employees and invest $20.7 million in its headquarters relocation in Memphis and is seeking a 15-year payment-in-lieu-of-taxes (PILOT) incentive to help defray those costs.

15. Cooper-Young Getting New Coffee House -

945 Cooper St.
Memphis, TN 38104

Permit Amount: $85,750

Application Date: July 2017

16. Thomas & Betts Moving Corporate Headquarters -

Thomas & Betts Corp. has chosen a new location for its corporate headquarters. The Memphis-based electrical component manufacturer is moving from Southwind to ServiceMaster Global Holdings' current space at 860 Ridge Lake Blvd. in Ridgeway Center. ServiceMaster is vacating the East Memphis property for its new headquarters Downtown.

17. Open and Shut -

The office of the future hacks down cubicle walls in favor of modular furniture that encourages collaboration. As many business sectors, from banking to legal services, move to a tech-first approach, companies are turning away from traditional office configurations to attract the next generation of talent.

18. TruGreen Buys Office on Forest Hill-Irene -

TruGreen LP, the lawn-care services business formerly under the umbrella of the Memphis-based ServiceMaster Co., has purchased a 73,144-square-foot mixed-use office building at 3839 Forest Hill-Irene Road from ServiceMaster Acceptance Corp. for $2.1 million.

19. Events -

The National Black MBA Association will hold a breakfast meeting Wednesday at 7 a.m. at 860 Ridge Lake Blvd. The topic of the meeting is “The Brand You: Perception vs. Reality.” For more information, visit www.nbmbaa.org.

20. Events -

Small Biz Memphis will host the Cordova/Bartlett and East Memphis/Midtown Business Builders Circle meetings Tuesday and Wednesday, respectively, from 7:45 a.m. to 9 a.m. at 1661 International Drive, suite 400. The Germantown/Collierville meeting will be Thursday at 7:45 a.m. at 2176 West St., suite 110. For more information, call 205-9303.

21. ServiceMaster RenewsRidgeway Center Leases -      The ServiceMaster Co., which is in the midst of relocating its corporate headquarters from the Chicago area to Memphis, recently renewed its leases at four buildings in Boyle's Ridgeway Center on Ridge Lake Boulevard.22. Events -

The Memphis Technology Council will host Thomas Danford, chief information officer of the Tennessee Board of Regents, today at 11:30 a.m. at the Holiday Inn-University of Memphis, 3700 Central Ave. The luncheon is $25 for members and $35 for nonmembers. For more information or to register, call 543-3547.

23. Events -

The Pink Palace Museum will present "An Evening with Ardent" today from 6 p.m. to 7:30 p.m. in the Pink Palace Mansion Theatre, 3050 Central Ave. Ardent Studios has inspired Led Zeppelin, Issac Hayes, B.B King and Al Green, among many others. Admission to the event and parking are both free. For more information, call 320-6362.

24. Archived Article: Gov't (idb) - A tax freeze application for a project that would add 600 jobs in the next three years will be considered by the Industrial Development Board ServiceMaster project would create 600 jobs By KATHLEEN BURT The Daily News A tax freeze application for a ...