“It’s amazing that almost every commercial real estate developer has driven by this site for years, but nobody looked underneath the hood,” broker Barry Maynard said.

According to a term sheet related from EDGE, Memphis would become home to three manufacturing lines running multiple shifts with capacity to annually produce approximately 22,500 containers and 30,000 chassis. 

Shelby County Mayor Lee Harris said the raises approved this month for 200 corrections center guards are being funded in part by fees the Justice Department is paying the county as it closes down a privately run federal prison. And he said more raises and bonuses are coming for others.

A nine-page letter from Capitol Hill questions a central tenet of TVA’s pitch for Memphis Light, Gas and Water Division to remain the federal agency’s largest customer for electric power.

A $38 million federal grant will help with construction of the West Tennessee Veterans Home in Arlington. The 126-bed facility has been planned for years.

Alpha Omega Veterans Services was given the former training center through a federal grant by the U.S. General Services Administration (GSA).

The old Coleman Taylor Transmission shop on Union is leaving the Edge District. Its departure frees more room for new apartments that would be called The Rise on The Ravine.

Scannell is preparing the site for a 150,000-square-foot build-to-suit warehouse for Performance Food Group. 

Like Elvis, Tom Bailey started in Tupelo and found his way to Memphis. He’s now ending a journalism career that spans four decades in the two locations. 

This decision comes after tuition was also unchanged for the 2022 academic year.

The 13.35-acre subdivision would house one- and two-story market-rate homes with prices as low as $150,000.

The 5.5 mile section on the main thoroughfare may soon become a “complete” or multimodal street that is safer for everyone, including drivers, pedestrians and bicyclists. The improvements may also attract new businesses and people to the area.

“Getting this property was a godsend because it came at just the time when we needed it,” said Alpha Omega Veterans Services Executive Director Cordell Walker. The nonprofit acquired the former Marine Corps Reserve Center at 3114 Jackson Ave. through a federal grant process. 

Vaccination rates remain low for pregnant women, especially within Hispanic and African American populations. So medical professionals have launched a campaign to change that.

A statement announcing the withdrawal of the application, sent by councilman JB Smiley, came Thursday, Jan. 6, just one week before it was to be presented to the Land Use Control Board. 

“Overall budget is holding in spite of market conditions but we have a long way to go,” Megasite CEO Clay Bright said.

FedEx Express, a subsidiary of FedEx Corp., plans for 50% of its global pickup and delivery vehicle purchases to be electric by 2025, with plans to reach 100% by 2030. 

According to Cushman & Wakefield/Commercial Advisors, total new direct leasing activity for 2021 topped 19 million square feet. 

A new multifamily building planned for 220 S. Claybrook St. could offer more housing options for a growing Medical District. 

The automotive campus at Blue Oval City should start manufacturing the all-electric pickup truck by 2025. 

At a meeting Wednesday, Jan. 5, local artists’ colorful image for the Hyatt Centric — on a concrete wall facing the intersection of Beale and Wagner streets — will be considered. 

Wright Cox has taken over as the new president of BankTennessee, replacing Jim Rout who retired from the position on Friday.