Medtronic may invest more than $133 million to develop a new facility in Memphis
Medtronic is evaluating consolidation of its six U.S. distribution centers into two facilities. One of these two facilities would be located in the Mid-South area.
Rob Moore
There are 762 articles by Rob Moore :
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September 2023
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Business International Paper fully divests Russian interests
The Memphis-based company first announced in January it would sell its remaining interest to its joint venture partners for $484 million.
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Real EstateInked: Tomorrow Building updates, Demolition planned for Union Station
The development team behind Union Station intends to move forward with demolition of the existing building and two garages on the property.
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Transportation & Logistics Billions in cost-cutting initiatives helped FedEx improve earnings
The company’s net income was $1.08 billion, compared to the $875 million it reported in 2023.
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Real Estate Sterick Building could include ‘micro-retail,’ co-working space
The developer expects 18 months of architectural work before breaking ground. The renovated building could also include up to 260 multifamily units and hotel space.
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Real EstateInked: Plan for Ashlar Hall gets pushback; Atlanta developer sells South Memphis property
According to the initial application, Juan Montoya hopes to turn the 127-year-old castle-style Ashlar Hall into an event center “of limited scale and character in conformance with the city’s ordinances.”
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East Memphis MPD responds to bank robbery in East Memphis
Memphis Police Department officers are looking for a suspect following a robbery of a Wells Fargo branch in East Memphis.
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October 2023
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Ford Megasite How could the ongoing UAW strike affect Mid-South business conditions?
Despite Ford’s commitment to West Tennessee, the largest single-investment in the state’s history, Memphis economist John Gnuschke said an ongoing strike could spell trouble.
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Real EstateInked: Updates on Racquet Club development; repurposing parts of Hickory Ridge Mall
The application includes the outline plan for Mid-City at the former Racquet Club of Memphis site.
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Business Chamber study: Memphis continues to lead in diverse tech talent
The Greater Memphis Chamber is optimistic Memphis can continue to build its pipeline of tech talent through local educational programs, which will be key in ensuring Shelby County’s role in sending workers to future BlueOval City.
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DowntownWith Young headed to mayor’s office, DMC looks to new CEO search
Paul Young was named the head of the DMC in early 2021, emerging from a pool of 30 applicants. Now, two-and-a-half years later, the DMC will once again be looking for a new leader.
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Transportation & Logistics FedEx suspends operations in Israel
The logistics giant FedEx said all shipments destined to Israel currently in transition will be held “safely” in FedEx facilities.
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Real Estate Racquet Club site development gets board approval
The $500 million to $700 million Mid-City Memphis development will include a 260,000-square-foot hotel as well as office space, multifamily housing, age-restricted housing, townhouses, retail space and a 500,000-square-foot parking garage.
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Real EstateInked: Memorial Park cremation facility moves ahead
Earlier this year, Memorial Park’s plans for the facility received significant pushback, particularly among its Jewish neighbors. Plus, an aviation-themed cigar lounge lands a Downtown location.
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Real Estate Pinkowski, Jones, Ganus to talk Memphis development trends
An expert panel will talk about the area’s development projects during the Developing Memphis Seminar next week.
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Downtown DMC forms committee to find Paul Young’s replacement
A new CEO could be chosen as early as December.
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City of Memphis Demonstrators gather Downtown in support of Palestine
Memphis protesters carried signs with messages including “I stand with Palestine” and “end apartheid.”
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Transportation & Logistics Airport safety for dummies: Memphis International runs emergency exercise
Using red smoke, spilled water and practice dummies, airport officials and first responders undergo an approximately $10,000 emergency operations exercise at Memphis International Airport.
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Real EstateInked: Hotel space in 100 N. Main; biomass facility in North Memphis
100 N. Main Development Partners plans to use the 15th through 22nd floors for hotel space, according to an application filed with the Land Use Control Board.
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Transportation & Logistics MATA proposes cuts to routes, night services
The Memphis Area Transit Authority Board of Commissioners will vote on the elimination of 19 routes, as well as all services after 7 p.m., on Tuesday, Oct. 24.
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Business International Paper actions to affect 900 workers
Memphis-based International Paper plans to permanently close its containerboard mill in Orange, Texas, and cease operations at two of its pulp machines.
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Financial Services Q&A: First Horizon CEO Bryan Jordan on strong earnings release
Shares of First Horizon’s stock were rising Wednesday afternoon following an earnings update indicating the financial institution is weathering the larger banking crisis that plunged the industry into uncertainty earlier this year.
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Spirit of Memphis Stacey Abrams tells Memphis it has ‘power to change’ during Freedom Award speech
“I’m here to tell you, Memphis, that you have the power to imagine, the power to dream and the power to change,” Abrams said while accepting her award.
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Real Estate Mallory-Neely House reopens for tours
The 169-year-old Mallory-Neely House will open again for Friday and Saturday tours beginning Nov. 3.
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Real EstateInked: Plans for townhomes at Union Station, shops in Binghampton
According to an application filed on behalf of Memphis-based High Mountain Investments, the developer plans to bring retail stores, as well as a coffee shop, to the Broad Avenue Arts District.
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