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VOL. 132 | NO. 157 | Wednesday, August 9, 2017

Bakery Development Closer to Inking Influx of Office Tenants

After receiving a 20-year tax incentive from the Center City Revenue Finance Corp. this week, one of the most ambitious projects to come out of the Memphis Medical District in recent memory is one step closer to repopulating the Edge District with an influx of office tenants.

Council Approves 5-Year Pact with University for Liberty Bowl Lease

Just in time for an Aug. 31 football season opener, the University of Memphis has a new five year contract with the city of Memphis for the use of the Liberty Bowl and surrounding Fairgrounds area.

$73M Mixed-Use Bakery Development Clears First Hurdle

Development Services Group’s $73 million plan to breathe new life into a 10-acre swath of the Memphis Medical District has taken its first public step toward becoming a reality.

New Rock Climbing Studio Planned For East Memphis

Chattanooga-based High Point Climbing and Fitness has submitted plans with development officials to open a Memphis location adjacent to Christian Brothers High School in East Memphis.

Housing Remains Strong

Mortgage Market Sees 4 Percent Gain in July

The way BankTennessee mortgage specialist Jessica Campbell sees it, conditions in Shelby County’s current residential real estate market are about as favorable as the industry could hope for.

Local Weather
Currently
Memphis, TN
82.0°F
Mostly Cloudy
Wind: Northeast at 12.7 mph
Humidity: 65%

EVENTS

Indie Memphis will screen “Berlin Syndrome” as part of the Indie Wednesday film series Wednesday, Aug. 9, at 7 p.m. at Malco Studio on the Square, 2105 Court Ave. General admission is $10; Indie Memphis members get in free. Visit indiememphis.com to buy tickets and view an Indie Wednesday series schedule.

more events »

Last Word: Megasite Prospect, Crosstown Opening Plans and New Chandler Numbers

Tennessee is pursuing the new $1.6 billion assembly plant Toyota and Mazda announced just last week to turn out 300,000 vehicles a year and there is that regional megasite in nearby Haywood County that isn’t being used. Tennessee Gov. Bill Haslam says he wants to add the joint facility to the state’s auto industry.

Home Sales Up, Price Slips in July

As the housing market begins to head into a slower time of year with school restarting, home sales still continue to outpace last year’s figures despite a slight dip in average sales price.

Crosstown Concourse Reopening to Include Open Houses, Performances, More

The formal dedication of the redeveloped Sears Crosstown building next week will include tours of the different uses of the 1.5-million-square-foot building and 20 musical acts as well as a banner drop.

Grade-Changing, Misconduct Probe Continues

Shelby County Schools board members will likely get a briefing this month from the three outside attorneys investigating allegations of misconduct by school officials that were made by a former high school principal.

SPORTS NOTEBOOK

Give Rudy Gay An Assist on Origin Of ‘Grit and Grind’

Did Tony Allen say too much? That’s the question after The Grindfather – yes, he retains the title even if he signs elsewhere as a free agent – answered a question about the origin of “grit and grind” in an interview with MassLive.com.

MEMPHIS NEWSMAKERS

Vandiver Growing Customer Relationships at Agritech Firm The Seam

The Seam, a technology firm founded by agribusiness companies that specializes in commodity trading and management systems, has added Rex Vandiver in a customer development role. Vandiver helps with customer support and project management, and he’s also taking a greater role in involvement with the peanut industry to help The Seam better serve its customers’ needs.

LOCAL COLUMNISTS

Job-Seeking Anxiety Is Universal

By now, we can all agree: The job search process can be a grueling one. If you’re actively looking for a job, you know what I’m talking about. You apply online and never hear back. Or, maybe you go through rounds of interviews that lead nowhere.

What is MROI?

Have you ever looked at your organization’s marketing spend and wondered, “What do I have to show for this?” Or maybe you spent the six-figure marketing budget and have to justify the same spend for the upcoming budget year. Either way, you need to calculate marketing return on investment (MROI).

Ten AGs Threaten Trump on Immigration

The attorneys general of 10 states, led by Texas’ Ken Paxton with strong support from Tennessee AG Herbert Slatery III, are threatening to sue the federal government.

MEMPHIS AREA

Memphis, Germantown Sites Recognized as Historic Places

NASHVILLE, Tenn. (AP) – Four sites in Tennessee, including two in Shelby County, have earned recognition on the National Register of Historic Places.

Haslam Offers Reward in Fatal Shooting of Memphis Toddler

NASHVILLE, Tenn. (AP) – Tennessee Gov. Bill Haslam is offering a $10,000 reward for information leading to an arrest and conviction in the killing of a toddler.

Tennessee Funeral Home Fined for Reusing Caskets

MEMPHIS, Tenn. (AP) – A Tennessee funeral home and its director have been fined more than $3,000 for reusing caskets without reupholstering them after they were rented.

STATEWIDE

Haslam Wants Tennessee to Land New Toyota-Mazda Plant

NASHVILLE, Tenn. (AP) – Gov. Bill Haslam says he is making the case for Japanese automakers Toyota Motor Corp. and Mazda Motor Corp. to build a new assembly plant in Tennessee.

Vikings Owners Join Group Trying to Bring MLS to Nashville

NASHVILLE, Tenn. (AP) – The majority owners of the Minnesota Vikings are joining a group trying to bring a Major League Soccer expansion franchise to Nashville.

REGIONAL NEWS

Kentucky Governor Pursuing New Toyota, Mazda Plant

LEXINGTON, Ky. (AP) – Kentucky's Republican governor says he is trying to convince two Japanese automakers to build a $1.6 billion plant in the state.

AIRLINES

After Backlash, Fewer are Being Bumped From US Flights

DALLAS (AP) – Following widespread outrage over a passenger who was violently dragged off an overbooked plane, U.S. airlines are bumping customers at the lowest rate in at least two decades.

NATIONAL BUSINESS

Casinos Embrace Esports Even as They Work to Understand It

ATLANTIC CITY, N.J. (AP) – Casinos are slowly embracing competitive video game tournaments as a way to help their bottom lines, but the money is coming from renting hotel rooms to the young players and selling them food and drinks, not from turning them into gamblers.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 96 201 14,244
MORTGAGES 110 219 16,523
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 147 315 29,476
BANKRUPTCIES 54 117 9,440
BUSINESS LICENSES 22 44 4,647
UTILITY CONNECTIONS 47 101 10,336
MARRIAGE LICENSES 21 55 3,407

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