Rooziman and Nighat Shah have just bought 45 acres at Hacks Cross and Shelby Drive, with plans to build a convenience store/gas station as well as a 16,000-square-foot shopping center on the corner. They own more than 100 C-stores in and around the Memphis area.
The $5.9 million investment from NIH builds on $10.8 million the University of Memphis and its partner universities received in 2014 to make better use of medical data collected by sensor devices.
The current plan for the adaptive reuse of the Nylon Net Building is to build 199 apartments and a two-level parking structure with 230 spaces.
Pinnacle granted payment deferrals on $4.4 billion in loans and issued $2.2 billion in Paycheck Protection Program (PPP) loans to customers affected by the pandemic.
Local entrepreneurs saw market opportunities in the medical industry for their products and services, and will be looking for additional seed capital to move forward.
The e-commerce giant will now operate more than 4 million square feet of facilities in the Memphis area.
Ten to 15 years ago, the notion that bacteria could be in the blood was heresy. Now, it may be the reason dialysis patients often die of heart attacks while they await kidney transplant.
Opponents' reasons can be grouped into about 10 categories, from traffic congestion to environmental concerns over underground gas tanks. Still, the Office of Planning Development has recommended the C-store be approved because the area around it has become more commercial. But now the case may be delayed until late August.
University Schools — Campus School and University Middle — have announced they will go all-virtual instead of the hybrid plan it previously released to parents.
UTHSC physician-scientist was part of the original leadership team of The Cancer Genome Atlas. He led the sequencing of RNA, which controls abnormal genetic expression in cancer cells.
With bids over budget, options could include re-bidding, scaling down the project or finding more funding.
Church Health has added paid physicians to cover the load of the recently unemployed, plus spending thousands of dollars a month on PPE.
FedEx and Plus One collaborated with Yaskawa America on new package-handling robotic arms that made their debut earlier this year at FedEx Express world hub in Memphis.
Loan loss provisions increased to $538 million, up from $145 million the previous quarter.
Strong industrial real estate activity happened in the Memphis market during April, May and June, in part because of the pandemic, not despite it.
The three Memphis business leaders all acknowledged that some aspects of COVID-19 life will continue indefinitely.
Four industrial robotic arms have been installed to load letter envelopes and small boxes onto conveyors at the FedEx Express world hub small package sorting system in Memphis.
Southwest Airlines' daily nonstop between Memphis and Phoenix has been re-slotted for a summer start.
University of Memphis economist John Gnuschke said it will take years, not months, for Memphis to recover from devastating job losses caused by COVID-19.
A free, reservation-only version of the Elvis Week Candlelight Vigil will feature social distancing and smaller crowds.
Lawsuits allege no connection between bars and the spread of COVID-19 has been established and that their closings were arbitrary.
The pandemic is now layered onto the everyday statistics of depression and suicide, which counselor Grace McLaren called a dangerous brew.
Home sales and construction activity were among the brightest spots in economic activity in the Federal Reserve District that includes Memphis.
A two-story commercial building at the seam of Central Gardens and the Medical District will soon become 18 units of luxury apartments.
New delivery business is set to open its first fully automated grocery fulfillment center next year to serve customers across Memphis.