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Business

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  • Real Estate

    Construction starts on Summer Avenue Chick-fil-A

    The popular restaurant has a ground lease for the 1.25-acre site where the old Grimes Memorial United Methodist Church buildings were razed.

    By Tom Bailey January 13, 2021
  • Financial Services

    UMRF earns international designation; could boost recruiting

    The designation signifies UMRF can help with domestic market research, patent reviews, import/export law, plus offers access to capital investment. 

    By Jane Roberts January 13, 2021
  • Financial Services

    First Commercial Bank raises $15 million in new capital

    Banking company plans to grow Memphis presence, establish permanent office in the Crescent Center in East Memphis.

    By Christin Yates January 13, 2021
  • Real Estate

    Staks Pancake Kitchen headed to Southaven’s Silo Square

    Silo Square is to comprise 13 mixed-use buildings, 305 single-family housing lots, six retail outparcels, a bank outparcel, two hotel sites, three office buildings, a 2.6-acre farmer’s market, 10 acres of apartments, and 64 acres of green space.

    By Tom Bailey January 12, 2021
  • Business

    Gus’s World Famous Fried Chicken picks Germantown location

    The deal for the 3,000-square-foot space was signed shortly before Christmas.

    By Abigail Warren January 13, 2021
  • Health Care

    Ugwueke receives Baldrige leadership award

    Methodist Le Bonheur president and CEO is the ninth recipient of the national award.

    By The Daily Memphian Staff January 12, 2021
  • Financial Services

    Financial planner Chauhan leading new company

    The group is practicing in satellite offices to serve clients in the Mid-South and Middle Tennessee.

    By The Daily Memphian Staff January 12, 2021
  • Real Estate

    Central Yards receives tax incentive

    The Center City Revenue Finance Corp. board voted 7-0 to approve a 20-year incentive that will save developers of the $77 million Central Yards project $23 million in property taxes.

    By Tom Bailey January 13, 2021
  • Real Estate

    Memphis Realtors sold more houses during year of COVID-19 than in 2019

    The number of houses sold in December rose 10.7 percent compared to a year earlier. And for the entire pandemic-plagued year of 2020, house sales still climbed slightly.

    By Tom Bailey January 12, 2021
  • Real Estate

    Another historic Pinch building threatened, this time by fire

    A fire early Saturday morning heavily damaged a 120-year-old building in the historic Pinch District.

    By Tom Bailey January 13, 2021
  • Business

    Collierville Planning Commissioners discourage convenience store, favor Lenox

    A proposed second convenience store at Byhalia Commons has faced resistance from the town’s Planning Commission.

    By Abigail Warren January 11, 2021
  • Real Estate

    Shop for fitting clubs to golfers opens in East Memphis

    Club Champion opened its Memphis studio on Saturday, Jan. 9. The business custom fits golf clubs to golfers of all levels. The East Memphis shop is the company’s second in Tennessee and 76th in the nation.

    By Tom Bailey January 11, 2021
  • Real Estate

    Developer wants to front U.S. 64 in Eads with apartments

    Sterling Development of Indiana plans a 260-unit, $25 million apartment complex near the southeast corner of U.S 64 and Reid Hooker Road.

    By Tom Bailey January 11, 2021
  • Health Care

    What a vision: Eye institute receives $300,000 grant

    “It will give us the fuel to move our vision research forward,” said the director of the Hamilton Eye Institute. 

    By The Daily Memphian Staff January 11, 2021
  • Real Estate

    Prices rise, fewer homes available in Frayser and Raleigh

    A trend of rising housing prices combined with less homes available in Shelby County is reflected in two North Memphis neighborhoods: Frayser and Raleigh, albeit at different rates, according to Memphis Area Association of Relators (MAAR) data.

    By Omer Yusuf January 11, 2021
  • Real Estate

    Tesla may be charging toward Memphis

    A veteran Memphis real estate broker says he believes Tesla is coming to Memphis soon. The broker represented the seller in a transaction this week involving the former — and now vacant — Homer Skelton Wolfchase Hyundai dealership property at 3020 N. Germantown Parkway.

    By Tom Bailey January 08, 2021
  • Real Estate

    Commercial center proposed near TPC Southwind

    A developer seeks to change a planned development to build a 22,490-square-foot commercial center at the northeast corner of Hacks Cross and Sedgwick Way in Southwind.

    By Tom Bailey January 08, 2021
  • Real Estate

    Townhouses proposed for Brookhaven Circle

    A property owner has applied for a planned development called Brookhaven Townhomes at 786 E. Brookhaven Circle in East Memphis. The three-story units, each 2,300 square feet, will be sold instead of leased, and each will have a two-car garage and rooftop deck.

    By Tom Bailey January 08, 2021
  • Real Estate

    Record-smashing 2020 reflects demand for industrial space in Memphis area

    When you add all the industrial space leased during 2020 and subtract the new vacancies, the Memphis area experienced a net positive absorption of more than 12 million square feet. The vacancy rate fell to 5%, and 12 million square feet of more space is under construction.

    By Tom Bailey January 08, 2021
  • Real Estate

    Dental-supply firm sinks teeth into Memphis, buys building

    Crown World this week followed through with its plans for Memphis after receiving a tax incentive in December. The firm has bought the long-empty office building at 2990 Airways and will establish operations there.

    By Tom Bailey January 08, 2021
  • Business

    Piper’s Grove ‘Spanish mansion’ to subdivide into seven lots

    Seven homes will soon occupy homes on Cordes and Dogwood. Piper’s Grove has already received city approval on land in Germantown that once held the “Spanish mansion.”

    By Abigail Warren January 08, 2021
  • Financial Services

    Campaign raises more than $20k for RISE

    RISE Foundation offers pro-bono, personalized guidance, savings-building programs and financial literacy classes.

    By The Daily Memphian Staff January 07, 2021
  • Financial Services

    Lipscomb & Pitts becomes part of a larger insurance company

    Memphis-based Lipscomb & Pitts Insurance is now a Higginbotham company, but will continue to operate as “Lipscomb & Pitts.” The two co-chief executives, Mat Lipscomb III and Johnny Pitts, have been named managing partners by the Fort Worth-based Higginbotham.

    By Tom Bailey January 07, 2021
  • Real Estate

    Ollie’s coming to Dyersburg

    Ollie’s has two Memphis locations, one in the Wolfchase area and the other in Southwind’s Centennial Commons shopping center. Both are in former Toys R Us buildings, 

    By Tom Bailey January 07, 2021
  • Real Estate

    Gregory Realty buys 7 retail centers from American Properties

    The firm buys a portfolio of seven retail strip centers, including four in the Memphis area. 

    By Tom Bailey January 07, 2021

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