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VOL. 133 | NO. 32 | Tuesday, February 13, 2018

100 North Main Owner Buys Two Adjacent Parcels

Less than a month after the 100 North Main Building was effectively reclaimed by the lender at a foreclosure auction, New York-based real estate firm Townhouse Management Co. affiliate THM Memphis Acquisitions LLC has purchased two adjacent parcels.

Nonstop Memphis to Cancun flights Returning in May

On May 19, Vacation Express’ weekly flights between Memphis International Airport and Cancun International Airport will return.

Marchers Mark 50th Anniversary of Start of 1968 Strike

Several hundred people marched from Clayborn Temple to City Hall Monday, Feb. 12, 50 years to the day that the 1968 sanitation workers strike began.

Lucite’s Memphis Facility Part of Business Acquisition by Plaskolite

Acrylic sheet products manufacturer Plaskolite LLC announced late Monday, Feb. 12, that it is acquiring Lucite International Inc.’s continuous cast acrylic sheet business, which includes general-purpose and sanitary sheets used in making spa and bath products.

Residential Infill Projects Span the City

Residential infill is the primary theme of the Land Use Control Board’s March 3 agenda, as multiple developers are look to add dozens of new units from South Main to East Memphis.

Groups in Memphis Speak Against Trump’s Environmental Agenda

Three activist groups are holding a series of events in Memphis highlighted by the appearance of several speakers Wednesday, Feb. 14, outside the Lorraine Motel that call for action by President Trump’s administration and EPA administrator Scott Pruitt.

EMPHASIS Financial Services

Glassman to Tax Pros: Take a Lesson From the Tortoise, Not the Hare

Richard Glassman’s spacious office in Downtown Memphis is cluttered like a closet, but holds the history of a museum. Everything from a cap signed by actor Tom Cruise back when “The Firm” was being filmed in Memphis, to a framed and autographed No. 45 Michael Jordan Chicago Bulls jersey, to a stuffed cobra positioned under his desk, looking ready to pounce.

Last Word: Higher Ed Pushback, 50 Years Later and Attack Ads in the Race for Gov.

The idea that higher education is primarily about getting people into jobs as soon as possible is getting some push back. And it comes several years into an emphasis at the state level on associate degrees and trade certifications. Rhodes College president Marjorie Hass said several times during our talk on “Behind The Headlines” that she isn’t downplaying the importance of trade skills and the education necessary for those skills.

Dixon Hughes Goodman Taps New Managing Partner

Buddy Dearman’s new role at accounting firm Dixon Hughes Goodman LLP is as much about cars and automobile dealerships, and the entrepreneurs behind them, as it is about numbers on a spreadsheet.

ATA Expands Memphis Presence With Cannon & Co. Acquisition

Regional accounting firm Alexander Thompson Arnold PLLC kicked off the new year with the acquisition of Memphis-based Cannon & Co., strengthening its footprint in the market with an eye on future growth and expansion.

EDUCATION

Rhodes’ Hass Defends Liberal Arts Education

The president of Rhodes College says trade schools, associate degrees and certification in specific skills can’t be the city’s only economic driver.

SPORTS NOTEBOOK

Tigers Lose for Fifth Time in Six Games

Former Memphis Tiger Antonio Anderson hasn’t been shy about voicing his concerns over the current state of the men’s basketball program under coach Tubby Smith. But after the Tigers dropped their third straight game on Sunday, Feb. 11, a 68-64 loss to UCF at FedExForum, Smith was asked directly about Anderson’s recent comment that he might not be the right man for the job.

REAL ESTATE RECAP

Hotel Indigo, Trader Joe’s Move Ahead

22 N B.B. King Blvd., Memphis, TN 38103: Atlanta-based Three P Partners has filed a $5 million building permit application with the Office of Construction Code Enforcement to construct a 118-room Hotel Indigo at the corner of North B.B. King Boulevard and Court Avenue.

LOCAL COLUMNISTS

When Suppliers Innovate

One of the greatest thrills of a career is when you see a nice client thrive and prosper. Recently, I was flown to the West Coast with a client to co-present the findings of a few innovation projects. We had an esteemed audience, including senior vice presidents of marketing, procurement and sales, and a few vice presidents, too.

Headed in The Right Direction

With this column we share with you the story of Lane College and its recent fundraising successes. Located in Jackson, Tennessee, Lane is a historically black college that needed – and wanted – to increase its fundraising.

STATEWIDE

Trump Plan Would Study Sale of TVA’s Assets

NASHVILLE, Tenn. (AP) – The infrastructure plan outlined by President Donald Trump on Monday suggests studying whether the nation's largest public utility should sell its transmission assets, which Tennessee Republican Sen. Lamar Alexander called "a looney idea" with "zero chance of becoming law."

Tennessee Governor Race: Boyd Donor Aids Anti-Black Group

NASHVILLE, Tenn. (AP) – A political committee whose radio ad used toilet-flushing sounds to attack Republican U.S. Rep. Diane Black received $200,000 from a donor to Randy Boyd's rival campaign for governor.

Tennessee Group Hopes to Plant 250K Trees This Month

NASHVILLE, Tenn. (AP) – A Tennessee organization is working on a statewide event to oversee 25,000 volunteers planting 250,000 trees later this month.

NATIONAL GOVERNMENT

Trump's $4.4 Trillion Budget Moves Deficit Sharply Higher

WASHINGTON (AP) – President Donald Trump unveiled a $4.4 trillion budget for next year that heralds an era of $1 trillion-plus federal deficits and – unlike the plan he released last year – never comes close to promising a balanced ledger even after 10 years.

Agency-By-Agency Highlights of Trump's 2019 Budget

WASHINGTON (AP) – Here are highlights from President Donald Trump's budget for fiscal year 2019...

Trump Says 'Up To' Congress to Act on Plan to Rebuild Roads

WASHINGTON (AP) – President Donald Trump sent Congress a sweeping plan Monday to rebuild the nation's depleted roads and bridges – then immediately raised doubts about how committed he was to delivering on that campaign promise.

NATIONAL BUSINESS

Beleaguered Gun Maker Remington Points to Bankruptcy Court

MADISON, N.C. (AP) – Remington, the gun maker beset by falling sales and lawsuits tied to the Sandy Hook Elementary School massacre, has reached a financing deal that would allow it to continue operating as it seeks Chapter 11 bankruptcy protection.

Small Business Optimism, Revenue, Hiring Up

Small business owners are more upbeat about where their companies and the economy are headed.

AUTO INDUSTRY

Ford Boosts Production of 2 Big SUVS at Kentucky Plant

DETROIT (AP) Ford Motor Co. is boosting production of its two largest SUVs.

Air Bag Danger: Ford, Mazda Add Pickups to Do-Not-Drive List

DETROIT (AP) – Ford and Mazda are adding more than 35,000 pickup trucks in North America to a list of vehicles that should not be driven because they have Takata air bag inflators with a high risk of exploding.

US Finds Recalls Fixed Problem With Leaky Gas Tank Flanges

DETROIT (AP) – U.S. safety regulators have closed an investigation into leaky gas tank flanges, determining that recalls by three German auto brands took care of the problem.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 69 69 2,404
MORTGAGES 83 83 2,977
FORECLOSURE NOTICES 0 0 477
BUILDING PERMITS 97 97 5,100
BANKRUPTCIES 44 44 1,823
BUSINESS LICENSES 26 26 922
UTILITY CONNECTIONS 0 0 1,012
MARRIAGE LICENSES 13 13 356

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