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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.

    By Tom Bailey January 17, 2021
  • 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. 

    By Tom Bailey January 18, 2021
  • 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.

    By Tom Bailey January 16, 2021
  • 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.

    By Tom Bailey January 16, 2021
  • 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.

    By Tom Bailey January 17, 2021
  • 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.

    By Tom Bailey January 15, 2021
  • Business

    Not a Coffee Shop aims to create conversation, change in the Heights

    Not a Coffee Shop is open Tuesdays through Thursdays from 6:45 to 11:15 a.m. and serves all of its coffee, including pour overs and espresso shots, black.

    By Omer Yusuf January 15, 2021
  • Health Care

    Brown on list of 1,000 inspiring Black scientists in U.S.

    Dr. Brown holds numerous positions in genetics, genomics and pediatrics at UTHSC.

    By The Daily Memphian Staff January 14, 2021
  • 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.

    By Tom Bailey January 14, 2021
  • 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.

    By Tom Bailey January 16, 2021
  • 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

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