Kruger adding 27 jobs, equipment to make facial tissue
The North Memphis plant that makes facial and bathroom tissue and other paper products will soon invest $20 million in new equipment.
Tom Bailey
Reporter
Tom Bailey retired in January as a business reporter at The Daily Memphian, and after 40 years in journalism. A Tupelo, Mississippi, native, he graduated from Mississippi State University. He has lived in Midtown for 36 years.
There are 1216 articles by Tom Bailey :
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January 2021
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Real Estate -
Real Estate Old warehouse may provide parking for Snuff District
Many of the Snuff District’s office workers and residents may park their vehicles inside what is now a vacant, historic warehouse at 700 N. Front. An added benefit for the mixed-use development: Fewer surface parking lots.
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Transportation & Logistics Heights Line has a design, economic study, even a logo
The Heights Line has advanced a few more steps toward reality. The design of the 1.75-mile path, a logo and a one-time economic impact study have been completed.
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Real Estate Conversions planned for E. Memphis hotel, old Sears building in Hickory Hill
These days, hotels and department stores are struggling. Which may explain the proposed conversions of a sprawling East Memphis hotel and a former Hickory Ridge Mall Sears building.
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Spirit of Memphis Engineer Harvey Marcom helped shape Memphis
Engineer Harvey Marcom worked behind the scenes, but he played a big role for nearly six decades in forming the built environment of the Memphis area. The president of The Reaves Firm died on Saturday, Jan. 23.
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Real Estate UNIS leases additional industrial space
The California-based company that provides logistics services to other companies will open its second fulfillment center in Memphis, bringing its total footprint in Memphis to about 600,000 square feet.
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Real Estate Demolition starts on Summer Ave. for $9M health-crisis facility
Demolition has started to clear space for Alliance Healthcare Service’s $9 million-plus development in an economically distressed area of Summer Avenue.
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Real Estate Petland returning shopfront puppy sales to Memphis
An online petition opposing the opening of a Petland shop in Memphis has drawn more than 21,000 digital signatures. But the daughter of Petland’s founder mounts a defense, complete with Shelby County statistics on dogs placed into homes by animal welfare organizations in Shelby County.
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Business Cummins to close Memphis plant
A Cummins manufacturing plant that rebuilds turbochargers in Memphis will close, eliminating 300 jobs.
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Downtown DMC takes step to keep Mobility Center on budget, on time
The Downtown Memphis Commission has hired a search committee consultant to help meet its goal of identifying by Feb. 25 the final candidate for the CEO/president position.
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Real Estate Old Chick-fil-A building being razed in Wolfchase area
The building that for years housed the restaurant is coming down to make room for a new Sleep Number store and Aspen Dental office.
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Real Estate Our City, Our Story: MIFA hosts acclaimed sociologist who shows that evictions deepen poverty
MIFA has organized a “community conversation” on evictions in Memphis. The organization is encouraging everyone to read “Evicted,” and to register for the Our City, Our Story online event at mifa.org.
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Premium
Real EstateMemphis-area industrial real estate ‘on fire’ so far in 2021
Eight transactions for Class A industrial space, totaling 2.4 million square feet, have either been completed or are pending during the first three weeks of January, reports Cushman & Wakefield/Commercial Advisors.
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Real Estate Agency supports, praises 3 adaptive-reuse Edge projects
The Center City Development Corp. approved $80,000 exterior-improvement grants to help developers revive three vacant buildings scattered in the Edge District, gave support to a renovation at a key intersection in the South City neighborhood, created a new grant program, and forgave a batch of existing loans.
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Real Estate Companies get incentives to stay, come to or grow in Memphis
One company distributes pharmaceutical or medical device products. Another sells information-technology and WiFi-related items. And a third sells industrial tools.
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Premium
BusinessHunter Fan unleashing light fixtures in firm’s 135th year
Despite the pandemic, the company continues to unveil new products. It tests ceiling fans in the basement of its Goodlett Farms headquarters.
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Real Estate Company seeks incentive to stay, expand in Memphis
Eversana Life Science Services now has three distribution facilities and 315 jobs in Memphis. It’s seeking a tax incentive to expand and add 50 jobs. Otherwise, company officials say it may move to North Mississippi or St. Louis.
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Real Estate 3 renovations, 1 gelato shop coming to Edge District
A development team has purchased three Edge District buildings, plans to renovate them, and already has signed a lease with Sweet Magnolia Gelato Co. to open a shop in one of them.
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Real Estate Grizzlies’ owner’s Ubiquiti seeks incentive for new warehouse
Robert Pera’s communications technology firm seeks a 10-year tax incentive that would save the company $1.8 million total in local property taxes. But the company would create 25 jobs paying $37,027 on average.
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Real Estate Industrial tool seller may buy, operate Memphis center
Imperial Industrial Supply Co. seeks a tax incentive in return for buying an industrial building in Memphis for distribution of its products. The project would mean a $21 million investment and 35 jobs.
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Real Estate Local group buys two office buildings on Poplar, plans upgrades
The investors who own the building housing RockHouse Live (formerly Poplar Lounge) have just bought the two ragged, midrise office buildings that flank the bar near Midtown. Immediate plans are to make improvements to woo more tenants back, but long-range plans may include demolition and a new hotel.
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Real Estate ‘Lighthouse Project’ envisions ‘holistic’ development in Binghampton
The Hyde Family Foundation has purchased 15 vacant acres on the south edge of Binghampton for the Lighthouse Project. The strategy is to provide and integrate a strong school with accessible housing, job development and health care.
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Real Estate Overton Golf Course closes Monday for reconstruction
Overton Park golf course may be jammed this weekend with golfers playing one last round before the nine-hole track closes until the fall. The course is being redesigned and rebuilt.
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Real Estate NY firm enters Memphis market, buys industrial building
Woodhill Real Estate bought a fully leased, 268,000-square-foot building at 5020 Tuggle Road, in Memphis’ vast Southeast industrial submarket.
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Real Estate Suburban developments pivot to housing; CBU expansion approved
The Land Use Control Board approved two unsurprising changes for a couple of big, suburban planned developments. Out, or diminished, is brick-and-mortar retail from the projects.
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