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VOL. 132 | NO. 182 | Wednesday, September 13, 2017

Plymouth REIT Expands Memphis Portfolio

Boston-based real estate investment firm Plymouth Industrial REIT has expanded its local portfolio with the acquisition of a 132,000-square-foot industrial center in southeast Memphis.

More Than 150 Clergy Call for Removal of Forrest Statue

Memphis Mayor Jim Strickland has posted a letter from 153 local clergy members in the Memphis area backing the city’s call for a waiver from the Tennessee Historical Commission next month to allow the city to remove Confederate monuments from city parks.

Memphis Brooks Museum Eyes Relocation Out of Overton Park

The Memphis Brooks Museum of Art might be leaving Midtown. The museum’s board has voted to allow the museum’s staff and the board’s long-range planning committee to evaluate locations in Memphis outside of Overton Park as possible homes for the Brooks’ permanent collection and future museum facilities.

Monuments Controversy May Mean Long Haul of Lawsuits, Negotiations

When the Tennessee Historical Commission votes Oct. 13 on a waiver that would permit the city of Memphis to remove Confederate monuments from two city parks, it won’t be anywhere near the last word on the matter.

Old-School Con

Big names slated to appear at 4th Memphis Comic Expo

After a disappointing turnout last year, the 2017 Memphis Comic Expo nearly didn’t happen. But last year, a little before Christmas, Donald Juengling’s father passed away. Richard Juengling had been a big fan of his son’s efforts to stage a creator-oriented comic convention in Memphis.

Local Weather
Currently
Memphis, TN
48.0°F
Fair
Wind: Northwest at 12.7 mph
Humidity: 68%

EVENTS

The Project Management Institute Memphis Chapter will meet Wednesday, Sept. 13, at 6 p.m. at the Crescent Club, 6075 Poplar Ave., suite 909. Luke Pruett, recruiting director for City Leadership, will present “Why Millennials Believe in Memphis.” Visit pmimemphis.org.

more events »

REIT Set to Make Fifth Downtown Memphis Investment

Alpha Residential Trust, a Pittsburgh, Pennsylvania-based real estate investment trust, has entered into an agreement to purchase the 266 Lofts development at the corner of Front Street and Dr. Martin Luther King Jr. Boulevard.

Last Word: Midtown Moves, A Spike in Chandler Numbers and Old School Expo

The Brooks looking for a place outside of Overton Park is a huge story that broke Tuesday evening. And it is one of those stories that has a lot of dominoes you might say. Our story looks at some earlier options the museum developed mid recession, which is what delayed fuller consideration of this whole question.

SPORTS

UCLA’s Prolific QB Rosen Will Test Tigers D

In Week 1, UCLA quarterback Josh Rosen rallied his team from 34 points down to defeat Texas A&M 45-44. It was the second-largest comeback win in FBS history.

REAL ESTATE

August Mortgage Volume Up 16 Percent

The vice president of Independent Bank’s mortgage division is expecting to tackle about five mortgage pre-qualifications this week as well as a couple of contracts.

Home Sales, Prices Rise Sharply in August

As the summer months wind down, the housing market in Memphis and Shelby Country continued the upward swing that it has been on all year.

MEMPHIS NEWSMAKERS

MMDC Hires Mitchell to Lead Community Development

Memphis native Vonesha Mitchell has joined the Memphis Medical District Collaborative as program manager, community development. Mitchell’s new position rolls together several functions, including recruiting retail for vacant and underutilized storefronts, working with U3 Advisors to launch and administer the Hire Local program, developing assistance package and incentive programs, and engaging current and potential businesses in the district to understand opportunities and concerns.

LOCAL COLUMNISTS

3 Tips For Moving To Another City

Have you ever thought of moving to another city? For many job seekers who are searching in a difficult market, I often recommend looking in other places. But, searching in one city while you live in another can be a challenge.

Method Over Madness: Your Marketing Budget

It is that time of year. No, not the start of football season – the start of budgeting season. If you’ve had a great year and your 2017 marketing efforts are producing a strong, measurable return on investment, then setting your 2018 marketing budget may not be too difficult. But if this year’s plans just haven’t generated results for your organization, you may be left wondering what to budget for 2018.

STATEWIDE

Tennessee Lawmaker's Campaign Pays for 2,000 Rounds of Ammo

NASHVILLE, Tenn. (AP) – A Republican congressional candidate in Tennessee spent campaign funds to cover the cost of 2,000 rounds of machine gun ammunition from his personal stockpile.

Tennessee Hasn't Updated Endangered Species List in 16 Years

NASHVILLE, Tenn. (AP) – An audit has found that the Tennessee Wildlife Resources Agency has not updated the state's endangered species list in 16 years, even though it is required to do so every two years.

Tennessee AG: Chevron Not Cooperating in Fraud Investigation

NASHVILLE, Tenn. (AP) – A lawsuit says Chevron isn't cooperating with a Tennessee attorney general investigation that has claimed the company has fraudulently bilked more than $18 million from a petroleum cleanup fund.

TECHNOLOGY

Apple Unveils $999 iPhone X, Loses 'Home' Button

CUPERTINO, Calif. (AP) – "One more thing." With that phrase, Apple paid homage to its late co-founder Steve Jobs for the 10-year anniversary of the iPhone on Tuesday when it unveiled its latest – and, at $999, its most expensive – new version of the device, the iPhone X.

US ECONOMY

American Household Income Finally Topped 1999 Peak Last Year

WASHINGTON (AP) – In a stark reminder of the damage done by the Great Recession and of the modest recovery that followed, the median American household only last year finally earned more than it did in 1999.

NATIONAL GOVERNMENT

Senate GOP Struggles With Deficit in Work on Budget, Taxes

WASHINGTON (AP) – Senate Republicans are struggling with how many billions of dollars President Donald Trump's tax code overhaul will add to the deficit as they work on a GOP budget plan that's a prerequisite to any far-reaching change in the nation's tax system.

MEDICAL NEWS

Age Matters When it Comes to Screening for Cervical Cancer

WASHINGTON (AP) – Getting checked for cervical cancer isn't one-size-fits-all: Millions of women may soon have to decide between a routine Pap or a newer test that detects if they have a cancer-causing virus.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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The Memphis News: Business, politics, and the public interest.