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Business

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  • Business

    New firm could put global headquarters in Memphis

    Sylvamo Corporation, a new spin-off of International Paper, is considering where to put its global headquarters that will create 300 jobs paying $179,000 on average in salaries and bonuses, or $217,133 a year including benefits.

    By Tom Bailey April 18, 2021
  • Business

    Police: 8 dead in shooting at FedEx facility in Indianapolis

    A gunman killed eight people and wounded several others before killing himself in a late-night shooting at a FedEx facility near the Indianapolis airport, police said, in the latest in a spate of mass shootings after a relative lull during the pandemic.

    By The Associated Press April 16, 2021
  • Financial Services

    City, county leaders debate linking $17/hour minimum wage to PILOTs

    Proposals by Memphis City Council members and Shelby County commissioners emerged during a second joint meeting Thursday of the two bodies. But other elected officials expressed concern that just talking about changes in economic development incentives could put the city and county at a disadvantage.

    By Bill Dries April 16, 2021
  • Premium Business

    Germantown mixed-use projects pivot to post-pandemic plans

    Several mixed-use projects in Germantown are looking forward more than a year after the start of the pandemic.

    By Abigail Warren April 16, 2021
  • Real Estate

    River Parks: Unauthorized bluff tree-cutting was ‘vandalism’

    A Mississippi tree service owner says Steve Harvey’s wife, Marjorie Harvey, told him she had permission to remove the two large magnolias, even though they were on public land.

    By Tom Bailey April 15, 2021
  • Transportation & Logistics

    Airport buckles up for more flights

    Passenger traffic is steadily increasing at Memphis International Airport. However, people arriving in the city may find it tougher to arrange ground transportation at the airport.

    By Blake Fontenay April 15, 2021
  • Real Estate

    Baron’s Man Cave reopening Downtown

    Owner Dara Vongphrachanh said the Paycheck Protection Program loan and Our Beautiful Comeback Grant were “lifelines” for her business.

    By Christin Yates April 15, 2021
  • Real Estate

    Hyatt Centric brings something old, something new to Downtown

    The Hyatt Centric is the city’s first hotel with a Beale Street address. It’s intended to be a mix of the old and the new, as well as a mix of the familiar and the unique.

    By Blake Fontenay April 14, 2021
  • Real Estate

    WLOK, Big River Market seek Downtown grants

    WLOK seeks a $50,000 grant to beautify its buildings at 363 S. Second. And the owner of the planned Big River Market, a small food/coffee store, seeks a $60,000 grant to help prepare space at the corner of Tennessee and G.E. Patterson.

    By Tom Bailey April 14, 2021
  • Health Care

    State survey finds which demographics fear vaccine most

    Most resistance to getting vaccinated is among rural, white people who identify as conservative, the survey found.

    By Jane Roberts April 15, 2021
  • Business

    Dancing’s back — officially — and so are buffets and festivals

    Indoor dancing and buffet lines will be back on Saturday, April 17.

    By Jane Roberts April 14, 2021
  • Transportation & Logistics

    MEM announces new nonstop to Florida

    The Memphis airport is getting a new seasonal flight to a vacation destination. 

    By The Daily Memphian Staff April 14, 2021
  • Financial Services

    Grants available for Black-owned restaurants

    The Kraft Heinz Co. is partnering with The LEE Initiative and Southern Restaurants for Racial Justice on the grant program.

    By The Daily Memphian Staff April 13, 2021
  • Real Estate

    Company founded by Grizzlies’ Pera leases Memphis warehouse space

    Ubiquiti, a communications technology company, has completed a lease for 161,000 square feet of warehouse space in the Southeast Memphis industrial district.

    By Tom Bailey April 13, 2021
  • Premium Real Estate

    New owner describes plans for Masonic Temple building

    Bill Townsend feels he didn’t so much buy a building as a 107-year-old time capsule. He’s already got short-term plans and has discussed long-term possibilities with brg3s architects.

    By Tom Bailey April 13, 2021
  • Premium Real Estate

    Downtown’s historic Masonic Temple building is sold

    The ornate Memphis Masonic Temple has sold for $2.225 million, according to the Shelby County Register’s Office website.

    By Tom Bailey April 12, 2021
  • Premium Real Estate

    Construction takes longer, costs more as supplies grow scarce

    Construction firms and suppliers describe the effects created by the tight supply and rising costs of lumber and steel.

    By Tom Bailey April 12, 2021
  • Business

    Colleges plan on full fall returns, but who will be there?

    On the high end, applications at Rhodes College are up 25%, but down an equal percent at Southwest Tennessee Community College.

    By Jane Roberts April 15, 2021
  • Business

    Opinion: The Nigerian prince scam has grown more sophisticated

    Nigerian letter scams now reap only $700,000 annually, but the same crooks get billions of dollars from more sophisticated scams: ‘That Nigerian prince has grown up, has gone to college, and has found a new, lucrative career,’ says an expert.

    By Randy Hutchinson April 10, 2021
  • Real Estate

    StayAPT enters Memphis market with extended-stay Cordova hotel

    The new stayAPT Suites company plans to enter the Memphis market with a 76- or 88-room hotel behind the Commons at Dexter Lake shopping center in Cordova. And it won’t be the last stayAPT in the Memphis area, one executive says.

    By Tom Bailey April 09, 2021
  • Business

    Proposed Binghampton business includes ‘multi-architectural’ features

    A developer has unusually elaborate plans for a convenience store with gas at the long-vacant corner of Sam Cooper Boulevard and Tillman Street. 

    By Tom Bailey April 09, 2021
  • Transportation & Logistics

    Memphis-to-New Orleans cruise travelers can swing their way down the river

    American Queen is offering a new Memphis-to-New Orleans cruise along the Mississippi River that includes stops at four popular golf courses, including Colonial Country Club in Memphis.

    By Blake Fontenay April 09, 2021
  • Premium Real Estate

    Industrial broker: Real estate agent engineers a rare career

    Laura Meanwell has worked as an engineer, led a successful campaign to change Germantown school hours, served on civic commissions, and even been a “director of euphoric events.” Now, she has a job that’s unusual for women in Memphis: Industrial real estate broker.

    By Tom Bailey April 09, 2021
  • Real Estate

    7 Vance Building developers: ‘Failure is not an option’

    Carlisle Development responded to the rejection of its design for a $43 million, mixed-use building in a positive, forward-looking way. The co-developers said they plan to “resolve any outstanding design issues.”

    By Tom Bailey April 08, 2021
  • Real Estate

    Planning board sees litter, rejects apartment expansion

    All the litter showing up in each case file photo was not the focus of the development issues. But Land Use Control Board members took notice and rejected a landlord’s plan to enlarge his rental property in South Memphis. 

    By Tom Bailey April 08, 2021

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