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VOL. 132 | NO. 42 | Tuesday, February 28, 2017

$12 Million Permit Filed for Hickman Building

Montgomery Martin Contractors has filed a $12 million building permit application with the city-county Office of Construction Code Enforcement to renovate the historic Hickman Building into a mixed-use development that will include the new headquarters of Memphis-based investment firm, SouthernSun Asset Management.

ServiceMaster Names General Contractor for Downtown HQ

Memphis-based ServiceMaster Global Holdings announced Flintco LLC will be heading up construction and renovation efforts at its new global headquarters in Downtown Memphis.

New Book From Former AutoZone CEO Offers Public Policy Goals

AutoZone has national cachet in part for its status as a leading retailer of car parts and accessories. Lately, though, the Memphis-based company has been part of the national discussion as its leadership works toward political ends as much as commercial imperatives.

Women Executives Share Business, Life Lessons

Through several career stops, Susan Hunsberger learned that she didn’t like being a financial analyst, she did like engaging with people through recruiting and human resources, and that it was more than fine to let colleagues see that you don’t know it all.

Local Democratic and Republican Partisans Already Looking To 2018

U.S. Rep. David Kustoff says former Lt. Gov. Ron Ramsey was right in describing his 8th Congressional District as the most Republican of the state’s nine congressional districts.

Local Weather
Currently
Memphis, TN
73.0°F
Overcast
Wind: West at 10.4 mph
Humidity: 81%

EVENTS

Brazilian journalist and photographer Sergio Poroger will discuss and sign “Cold Hot,” his photographic book documenting the sights and sounds of the southeastern United States, Tuesday, Feb. 28, from 1 p.m. to 4 p.m. at the Stax Museum, 926 E. McLemore Ave. Visit staxmuseum.com for details.

more events »

EMPHASIS Commercial Real Estate

Cities, Developers Reaping Rewards of Mixed-Use Shift

Commercial real estate is shifting to mixed-use developments designed to create a sense of place for homeowners longing for the community of days gone by, and the trend is profiting many parties as commercial developers see stronger returns and cities undergo revitalization in their core.

Last Word: Gas Tax Conflict, Redbirds Changes and Hidden Office Space

The CEO of Memphis-based AutoZone, Bill Rhodes, among the corporate leaders meeting with President Donald Trump recently to urge him to abandon plans for a border tax. This is the tax on goods imported to the U.S. from other countries that U.S. Rep. David Kustoff says also has some opposition among Republicans in D.C.

SouthernSun Converting Historic Downtown Building to New HQ

SouthernSun Asset Management is preparing to convert part of a historic but long-vacant Downtown building into its new headquarters.

Within Memphis’ Massive Industrial Market Lies ‘Hidden Office Space’

It’s easy to dismiss the city’s abundance of large warehouses as just big boxes full of smaller boxes, but according to Cushman & Wakefield/Commercial Advisors president and CEO Larry Jensen, that would be a mistake.

Hattie B’s ‘Excited’ About Midtown Location

For Nick Bishop Sr. and Nick Bishop Jr., owner-operators of Nashville-based Hattie B’s Hot Chicken, opening a Memphis outpost had been something they’d wanted to do for a while. Now it’s becoming a reality.

TENNESSEE LEGISLATURE

Bills Aimed at Raising Road Project Funding Collide Again This Week

NASHVILLE – The chairwoman of the House Transportation Subcommittee is defiant in her handling of legislation that could have derailed Gov. Bill Haslam’s fuel-tax plan, a high-profile measure on the panel’s calendar again Wednesday, March 1.

LOCAL COLUMNISTS

5 Keys to Good Collaboration

Back End of Innovation Conference keynote by Daniel Shapiro, associate professor of psychology, Harvard Medical School/McLean Hospital, and associate director of Harvard International Negotiation Project

Secrets to Passionate Leadership

Some leaders have charisma, that ability to engage others. They reach out and touch your heart and soul. Others are quiet with a passion that reveals itself more slowly but is equally compelling. These leaders know what they are talking about, and they know how to connect with people.

STATEWIDE

Ex-Nashville Mayor Karl Dean to Run for Tennessee Governor

NASHVILLE, Tenn. (AP) – Former Nashville mayor Karl Dean said he's decided to run for governor of Tennessee in 2018.

REGIONAL NEWS

Arkansas State University Revises Mexican Campus Contract

LITTLE ROCK, Ark. (AP) – Arkansas State University is finalizing plans to open a campus in Mexico.

NATIONAL BUSINESS

AT&T-Time Warner Deal May Have Easier Path to Approval

NEW YORK (AP) – AT&T's $85 billion purchase of Time Warner may be getting an easier path to approval after the chief telecommunications regulator says it isn't likely to review the deal.

NATIONAL GOVERNMENT

Trump Budget Will Hike Defense Spending By $54 Billion

WASHINGTON (AP) – The White House says President Donald Trump's upcoming budget will propose a whopping $54 billion increase in defense spending and impose corresponding cuts to domestic programs and foreign aid. The result is that Trump's initial budget wouldn't dent budget deficits projected to run about $500 billion.

Pressure on GOP to Revamp Health Law Grows, Along With Rifts

WASHINGTON (AP) – President Donald Trump declared Monday that "Nobody knew that health care could be so complicated." Yet the opposite has long been painfully obvious for top congressional Republicans, who face mounting pressure to scrap the law even as problems grow longer and knottier.

HEALTH CARE

Drugmakers Pledge Restraint, But Prices Will Still Soar

TRENTON, N.J. (AP) – Several big drugmakers are trying to quell the ongoing furor over high drug prices by revealing more information about their pricing and even pledging to keep a lid on increases.

AP: VA Data Show Low Rate of Discipline for Drug Loss, Theft

WASHINGTON (AP) – Doctors, nurses or pharmacy staff at the Department of Veterans Affairs' hospitals were fired or reprimanded in only a small fraction of thousands of reported cases of opioid theft and missing prescriptions since 2010, according to government data obtained by The Associated Press.

Doctors Warn Against Teen Pot Use Amid Looser Marijuana Laws

CHICAGO (AP) – An influential doctors group is beefing up warnings about marijuana's potential harms for teens amid increasingly lax laws and attitudes on pot use.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 50 354 8,349
MORTGAGES 58 390 9,802
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 158 810 17,944
BANKRUPTCIES 48 243 6,003
BUSINESS LICENSES 27 135 3,130
UTILITY CONNECTIONS 0 191 6,447
MARRIAGE LICENSES 26 144 2,101

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