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Business

  • Real Estate
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  • Premium Real Estate

    Carlisle Corp. plans to partially preserve historic Nylon Net Building, build 210 apartments

    The plan is to preserve the bottom 20 feet of 7 Vance’s historic masonry facade, plus the smokestack.

    By Tom Bailey June 24, 2020
  • Real Estate

    Blood plasma donation firm plans facility in Raleigh

    Octapharma Plasma is seeking a conditional use permit to operate where the Salvation Army closed its Family Store and Donation Center on Austin Peay Highway.

    By Tom Bailey June 24, 2020
  • Business

    COVID-19 speeds shift into brave new world of technology

    Benjamin Pring, co-founder of the Cognizant Center for the Future of Work, said COVID-19 has spurred faster adoption of virtual meetings, voice-recognition platforms and technologies enabled by machine learning.

    By Wayne Risher June 24, 2020
  • Premium Health Care

    Long lines for detox, particularly for the uninsured

    The waiting list for detox treatment at Alliance Healthcare doubled this week; 75 people are waiting for 4.3 beds.

    By Jane Roberts June 24, 2020
  • Guest column Business

    Two KIPP schools close abruptly, deserting students and their families

    KIPP gave up on their students, families, faculty and staff after only a few years of operation. This was a financial decision that is inequitable to the historic Alcy Ball community in South Memphis.

    By David Pettiette June 24, 2020
  • Premium Real Estate

    Headstone company sues, claiming planned gas station would kill its business

    West Memorials on Broad Avenue claims the proposed gas station next door blocks access to its loading dock.

    By Tom Bailey June 23, 2020
  • Premium Real Estate

    Fitness club quickly takes big-box space vacated by Best Buy in Southwind

    Mississippi-based Club 4 Fitness will spend about $1 million tailoring the former electronics store space into its first gym in Memphis.

    By Tom Bailey June 23, 2020
  • Premium Real Estate

    UPDATED: Developer asks for 30-day hold on Broad Ave. gas station plan

    Faced with stiff and diverse opposition, the developers have requested a 30-day hold on their already revised plans for a gas station/convenience store at the gateway to Broad Avenue. 

    By Tom Bailey June 23, 2020
  • Real Estate

    New deli coming to Park Ave. near Audubon Park

    The building that for decades housed Consignment Music will become a deli restaurant.

    By Tom Bailey June 23, 2020
  • Premium Business

    Schools, universities adapt to social distance learning

    Southern College of Optometry, Gestalt Community Schools and St. George's Independent School are among the institutions exploring new roads to learning.

    By Christin Yates June 22, 2020
  • Business

    FedEx backs civil rights through NASCAR connection

    FedEx gave a major donation to the National Civil Rights Museum in Memphis, and the company-sponsored NASCAR racing team featured the museum logo at Talladega SuperSpeedway Sunday, June 21.

    By Wayne Risher June 22, 2020
  • Premium Real Estate

    Construction has yet to start on joint city/U of M tennis center

    Tiger tennis teams will practice where courts are available while waiting for Leftwich Tennis Center's $19 million renovation and expansion. 

    By Tom Bailey June 21, 2020
  • Health Care

    Economic Recovery Town Hall highlights how Memphis has pivoted in pandemic

    The gains include new collaborations, technology devices for all SCS students and the speed at which the crisis has forced people to adapt.

    By Jane Roberts June 19, 2020
  • Premium Transportation & Logistics

    FedEx skips exec bonuses, downgrades office unit

    A non-cash asset impairment charge related to FedEx Office's difficulties during the COVID-19 pandemic has depleted the remaining goodwill value of $2.2 billion, 2004 acquisition.

    By Wayne Risher June 28, 2020
  • Premium Business

    Legislature’s $32 million for Herff sets off U of M jubilation

    Construction on Herff addition could begin in 18 months. The U of M wants to increase STEM major graduates as part of its push to be ranked a Carnegie-level R1 university.

    By Jane Roberts June 20, 2020
  • Transportation & Logistics

    Memphis airport cargo up 7.9%, powered by FedEx

    Both domestic and international air freight showed strong gains at Memphis International Airport in May, reflecting a surge in shipping activity related to COVID-19.

    By Wayne Risher June 19, 2020
  • Business

    Alabama group buying USA Stadium and GameDay in Cordova

    Upper Deck Sports, LLC, out of Huntsville, Alabama, is buying GameDay Baseball in Cordova and USA Stadium in Millington and making a $5 million investment, when including renovations to the facilities. 

    By Don Wade June 19, 2020
  • Business

    Trap Fusion snags emergency cash for COVID-19 comeback

    Restaurants have accounted for 21% of COVID-19 emergency grants for small businesses in economically distressed Memphis neighborhoods. Whitehaven eatery Trap Fusion joined the group on Friday, June 19.

    By Wayne Risher June 19, 2020
  • Business

    Binghampton’s first grocery store to close June 30

    Two years after opening the first grocery in Binghampton, the Save-A-Lot at Tillman and Sam Cooper is closing at the end of the month.

    By Omer Yusuf June 19, 2020
  • Premium Business

    Eviction-aid program could reduce homelessness long term

    A new, local program will offer free legal representation and housing counseling to renters facing pandemic-related evictions. Participating landlords will be paid negotiated settlements. And the court that handles evictions is participating.

    By Tom Bailey June 18, 2020
  • Business

    Unemployment still double digits, but down from record 15.5%

    Tennessee gained nearly 94,000 nonfarm jobs in May, but total jobs were down nearly 266,000 from a year earlier, reflecting COVID-19's devastation of hospitality, manufacturing and services sectors.

    By Wayne Risher June 18, 2020
  • Financial Services

    Memphis banks’ earnings down in Q1, above national average

    Loan-loss provisions significantly impacted earnings as banks responded to potential credit problems due to the pandemic.

    By Christin Yates June 18, 2020
  • Transportation & Logistics

    Airport has travelers covered with 200,000 complimentary masks

    Memphis International Airport's supply of 200,000 fabric face masks comes courtesy of the Federal Emergency Management Agency. The washable, 3-ply, all-cotton mask is made by HanesBrands.

    By Wayne Risher June 18, 2020
  • Premium Health Care

    Doctors here waiting for proof of dexamethasone power

    Dexamethasone is a commonly used steriod, widely available and inexpensive. It shows promise of being a big breakthrough for the sickest patients, including people on ventilators.

    By Jane Roberts June 18, 2020
  • Spirit of Memphis

    Cobblestone landing project will leave 160-year-old stones unturned

    The design includes two pedestrian overlooks on the west side of Riverside Drive at Monroe and at Union and a six-foot-wide, wheelchair-accessible walkway on the eastern, upper edge of the landing between Court and Monroe.

    By Wayne Risher June 18, 2020

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