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VOL. 132 | NO. 224 | Friday, November 10, 2017

Pennsylvania-based Chemical Manufacturer Seeking PILOT for New Memphis Plant

Peroxychem LLC, a Philadelphia, Pennsylvania manufacturer of hydrogen peroxide, peracetic acid and persulfates, is looking to expand into the Memphis market.

Shelby Farms Draws New 71-Acre, $142M Development

In a joint venture with Charles Crews of Crews Investment Holdings, Nashville-based Elmington Capital Group has submitted plans to the Office of Planning and Development for a 71-acre senior housing, apartment and single-family development next to Shelby Farms Park.

Buyers Keep Coming

Fall Weather Didn’t Stop Home Sales Volume From Rising in October

October was another solid month for the local housing industry. The average home sales price rose to $168,272, a 13 percent increase from October a year ago, according to real estate information company Chandler Reports, chandlerreports.com.

Mortgage Market Up 10 Percent in October

With the first month of the final quarter of 2017 now in the books, this is supposed to be the period when business gets a little slower for mortgage lenders, with the colder weather setting in and consumer focus turning to the holidays.

Bench Power

Grizzlies’ Second Unit Fourth-Highest Scoring in NBA

Through games of Nov. 7, the Memphis Grizzlies were 7-4. You probably knew that. You recall the thrill of taking down the reigning NBA champion Golden State Warriors at FedExForum and beating the much-hyped Houston Rockets twice – on the road and at home.

Local Weather
Currently
Memphis, TN
30.0°F
Fair
Wind: Calm mph
Humidity: 75%

EVENTS

The Whitehaven Partnership will meet Friday, Nov. 10, from 2:30 p.m. to 3:30 p.m. at the Whitehaven branch library, 4120 Millbranch Road. The organization seeks to clean up Whitehaven and address community concerns. Open to the public. RSVP to Calvin Burton at cburton615@hotmail.com or 901-345-3695.

more events »

Last Word: Mega-Site, New Chandler Real Estate Numbers and Grizz Second Unit

When the state’s new commissioner of Economic and Community Development met several months ago with local leaders in Arlington, Bob Rolfe said Tennessee Gov. Bill Haslam had made it clear that Rolfe’s primary task between then and when Haslam leaves office at the end of 2018 is to find a tenant for the west Tennessee megasite in Haywood County. Toyota-Mazda executives told the state this week that their $1.6 billion electric car plant to be built in the U.S. and create 4,000 jobs will not be considering the megasite and another un-named prospect has also walked away, according to the state.

County Legal Dispute Latest In A Series

As attorneys for Shelby County Mayor Mark Luttrell’s administration and the county commission were in Chancery Court Tuesday, Nov. 7, the Memphis City Council’s attorney, Allan Wade, was being honored for 25 years of service to the city.

THE TIPPING POINT

Tobi Merschat Sources Sustainable Corporate Culture

It started with pecan pie. Actually, it started a few steps pre-pie. Growing up in Columbia, South Carolina, the yard of Tobi Merschat’s family home was thick with pecan trees, and in the fall, the whole family would gather pecans, shell them and then bake their shared labor into pie. From hard work emerged delicious reward – a model of sustainability.

THE PRESS BOX

Jason Motte Still Making His Pitch Against Cancer

The backward K on those T-shirts that have become synonymous with the Jason Motte Foundation “Let’s Strike Out Cancer” campaign are beyond cool.

SPORTS

Upset at Missouri Vital to Bowl Hopes for Tennessee Vols

Tennessee’s football program remains in limbo as the Vols pursue bowl eligibility under fifth-year coach Butch Jones.

Byard Adding ‘Smart’ to Instinctual Game

With five interceptions in two games, it’s tough not to notice what a second-year safety is doing for the Tennessee Titans.

GUEST OP-ED

Arts Are Creative, Economic Fuel for Memphis

On a recent arrival at the Memphis International Airport, I marveled that my watch hadn’t even been set to Central Time before I heard buzz of the RiverArtsFest, and acquired a hot tip to visit Wild Bill’s for a “real blues club” experience. I’d just arrived and already the arts in Memphis were calling to me.

LOCAL COLUMNISTS

Thanks for the Light

THANK YOU, OLD FRIEND. Thanksgiving is coming up so I’d like to give some to an old friend. Like many old friends, this one has been there my whole life and has meant more to me than I’ve said. More talented is this old friend, but sharing of that talent, and inspirational in the sharing, and patient in the teaching of those less talented.

Medical Planning for Two

Ray’s Take: Planning how you’ll handle health expenses is one of the crucial jobs for any couple when planning for retirement. While many elements of health insurance are based on the individual, it’s important to evaluate these expenses as a couple because what happens to one person inevitably affects the couple as a whole. From a financial point of view and also from a caregiver point of view.

STATEWIDE

Panel to Consider Case to Bar Development by Civil War Fort

NASHVILLE, Tenn. (AP) — A Tennessee panel will consider a petition to protect a Nashville Civil War fort from nearby development plans.

REGIONAL NEWS

Another Mississippi City Furls Confederate-Themed State Flag

CLEVELAND, Miss. (AP) — Another Mississippi city will stop flying the state flag because it includes the Confederate battle emblem that critics see as racist.

NATIONAL GOVERNMENT

Senate Bill to Delay Corporate Tax Cut, Undo Local Deduction

WASHINGTON (AP) — Senate Republicans prepared to unveil sweeping tax legislation Thursday that would delay a corporate tax cut for one year despite strident opposition from some Republicans and the White House. The emerging bill would leave the mortgage interest deduction untouched for homeowners in a concession to the powerful real estate lobby but ignore a House compromise on the hot-button issue of state and local tax deductions.

The Latest: Trump Salutes 'Growing Friendship' With China

BEIJING (AP) — The Latest on President Donald Trump's trip to Asia (all times local):

13,200 More Kennedy Assassination Records Released

WASHINGTON (AP) — The National Archives is releasing more than 13,200 records — some hundreds of pages long — related to the assassination of President John F. Kennedy in 1963.

NATIONAL BUSINESS

Walmart to Offer Black Friday Deals Early on Its Website

BENTONVILLE, Ark. (AP) — Walmart hopes to tempt shoppers with online deals before Black Friday.

Department Stores: Macy's Sales Fall, Kohl's Profit Drops

NEW YORK (AP) — Macy's sales fell as it had a hard time pulling shoppers through its doors and Kohl's reported a drop in quarterly profit Thursday, underscoring just how challenging the holiday shopping season will be for department store chains.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 115 270 19,843
MORTGAGES 141 311 23,225
FORECLOSURE NOTICES 35 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 74 196 13,300
BUSINESS LICENSES 25 48 6,185
UTILITY CONNECTIONS 40 125 13,120
MARRIAGE LICENSES 15 73 4,915

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