Memphis Business Journal

A Georgia-based developer is partnering with locals to develop 64 housing units just north of Le Bonheur Children's Hospital. Will Burgin, co-owner of Artifex DBD and Jackson-Burgin Inc., will work on the project with the Memphis Medical District Collaborative (MMDC) and numerous Memphians who are learning to develop property. The 64 units will be located on 24 lots scattered between five blocks. "These are gap-tooth spaces in what is otherwise a residential neighborhood," Burgin said. "[The…
Saturday, August 24, 2019 - 12:03
Shred415, a fitness studio combining cardio with strength training, will open its second Memphis location, at 150 Second St. in Peabody Place. When Nicole Eason and Jeff Hall signed on to the franchise, they vowed to open three area locations. The first was in East Memphis. Its success prompted them to look for a Downtown spot. "We've had several people Downtown ask us when we were coming down there," said Eason. She said she's expecting to lose some the East Memphis customers to the Downtown…
Friday, August 23, 2019 - 14:12
A property was recently sold next to Nicholas Vrettos’ The Port restaurant, a Presidents Island anchor since the 1960s that has delicious diner fare at old-school prices.
Friday, August 23, 2019 - 14:07
Stern Cardiovascular’s workforce has grown substantially over the past year — and the drive to recruit more staffers is a constant. Stern, which is based in Germantown, has a footprint of eight main clinics and other satellite offices that extends up to Union City and down to Oxford. The practice employs 388 staffers plus 42 physicians, which ranks it among the top 10 largest medical groups in the metro area. And, the practice has added more than 50 non-physician staffers, primarily nurse…
Friday, August 23, 2019 - 14:04
The number of people boarding aircraft at Memphis International Airport has continue to rise. Enplanements at MEM increased by 14,901, or 7.5 percent, in July year-over-year — from 198,889 to 213,790, according to the latest figures released by the Memphis-Shelby County Airport Authority. Additionally, the airport has seen year-over-year passenger growth in recent months, including 9.1 percent in March; 2 percent in April; 8 percent in May; and 4.1 percent in June. Glen Thomas, director of strategic…
Friday, August 23, 2019 - 13:56
Kroger will be removing free newspapers from all of its stores, effective Oct. 15. Locally, those publications include The Memphis Flyer, Focus, Memphis Parent, Memphis Health & Fitness, and Best Times.  "We are removing the publication racks from our stores because more publications continue to shift to digital formats, resulting in less customers using the products," said Teresa Dickerson, corporate affairs manager of Kroger's Delta division.  Even so, the move may hurt local news organizations.…
Friday, August 23, 2019 - 13:35
Richard Smith, the executive who has been rising through the ranks of FedEx at an accelerated clip over recent years, just got bumped a little closer to the top. Smith has been named FedEx Express regional president of the U.S. and executive vice president of global support. Jenny Robertson, FedEx VP of corporate communications, confirmed the details to the MBJ. The Daily Memphian first reported the Friday, Aug. 23, news. In the past two years, Smith, the son of FedEx founder and chairman Fred…
Friday, August 23, 2019 - 09:59
More than $2 million worth of improvements have taken place at the Liberty Bowl in the hopes of creating a better home field advantage for the University of Memphis football team. The City of Memphis' Division of Parks & Neighborhoods along with the Liberty Bowl Memorial Stadium, the University of Memphis, and South Dakota-based Daktronics partnered to design and install new video displays at the stadium. The upgrades will be operational for the upcoming fall season, according to a release. The…
Friday, August 23, 2019 - 06:37
St. Jude doctor wins the race against time to help cure "bubble boy" disease.
Friday, August 23, 2019 - 05:55
“We rediscovered what we said in the early days of the firm that we thought was important for us to be successful. [It’s] to respond to those things that our clients need us to address first, and then we’ll take the design side as far as we can.”
Friday, August 23, 2019 - 05:48
On Aug. 21, the Economic Development Growth Engine (EDGE) for Memphis and Shelby County approved a PILOT for an e-commerce company's third U.S. location. But, now the group expects to take a closer look at its wage standards. Cherry Tree International Corp., a U.S. subsidiary of Chinese e-commerce company Shanghai Lowen Group, was approved for a 10-year Fast Track PILOT (payment in lieu of taxes) — an incentive worth $1.7 million. The company plans to create 25 jobs, with an average wage of $28,877…
Thursday, August 22, 2019 - 14:49
Highwoods Properties, which was partnering with Carlisle LLC on One Beale's office component, announced Wednesday it will sell its 13 Memphis office buildings.
Thursday, August 22, 2019 - 14:10
The Memphis-Shelby County Airport Authority (MSCAA) board unanimously approved a sale of property at Memphis International during its monthly meeting Aug. 22. Ketchum Airport Investors LLC, a Georgia-based company, entered into an agreement May 8 to purchase about 51 acres of unimproved property at the airport. The sales price is $1.04 million, as determined by a review appraisal required by the purchase agreement. With the board's approval, the sale now must be approved by the Federal Aviation…
Thursday, August 22, 2019 - 14:00
The Arcade Restaurant, a Downtown fixture, will mark its 100th anniversary on Saturday, Aug. 24, with a block party from 7 a.m. to 9 p.m. There will be live music, a photo booth, and meals for $1 (or 100 cents for 100 years). Proceeds from the meals will go to St. Jude Children's Research Hospital. Kelcie Zepatos married into the family who's owned the diner all these years. She says it was meant to be, as she was a hospitality major in college. She and her husband Jeff took over management after…
Thursday, August 22, 2019 - 13:34
Whether their journey started in Egypt, Canada, India, rural America, or elsewhere, Memphis Business Journal’s 2019 Health Care Heroes all now find themselves in the medical hub that is Memphis.
Thursday, August 22, 2019 - 13:05
Highwoods Properties is preparing to sell its Memphis assets, which include the Crescent Center, the three Triad Centre buildings, and nine other office buildings. It will also end its attempt to develop an office tower as part of One Beale. The cash from the sales will help finance the firm's $436 million purchase of the new Bank of America Tower in Charlotte. The publicly traded real estate firm said the "market rotation" will allow it to reduce its capital and operational expenditures and…
Thursday, August 22, 2019 - 12:50
A new program hopes to give a Lyft to Memphians needing medical transport. Memphis-based Tennessee Carriers Inc. and Lyft Inc. launched a one-year pilot program in Memphis on Monday, Aug. 19. Tennessee Carriers brokers non-emergency medical transportation (NEMT) for TennCare members statewide. The Lyft pilot program will roll out in Shelby County first, with plans to venture out to other Tennessee metros in the future. Tennessee Carriers said it will be “leveraging” the rideshare company’s…
Thursday, August 22, 2019 - 05:51
A Mississippi-based bank is buying Memphis' First Alliance Bank. The holding company for Belzoni, Mississippi-based Guaranty Bank & Trust Co. has agreed to buy First Alliance, which has about $140 million in assets. A news release did not disclose the purchase price. After the acquisition, Guaranty will have about $1 billion in assets and 21 branches, the release said. The rest of the bank's branches are in the northern two-thirds of Mississippi, primarily in small towns. "This combination is…
Thursday, August 22, 2019 - 05:40
It’s job fair time once again for FedEx. FedEx Express — a subsidiary of FedEx Corp. — wants to hire 500 permanent part-time positions Saturday, Aug. 24, from 8 a.m. to 3 p.m. at 2874 Business Park Drive, Building D. Hourly rates start at $13, and a minimum of 17.5 hours per week is guaranteed. •Medical coverage, with premiums less than $10 per month; vision and dental benefits •Training and growth opportunities •Tuition assistance •Opportunity to earn tuition-free degree…
Thursday, August 22, 2019 - 05:36
Walmart U.S. Chief Marketing Officer Barbara Messing will step down Aug. 30 after just a year on the job. She cited plans to return to the San Francisco Bay area from the retailer’s headquarters city, Bentonville, Arkansas, per an internal memo obtained by AdAge. Her responsibilities at Walmart (NYSE: WMT) include global leadership on brand strategy and experience as well as advertising, global communications, search-engine optimization and customer acquisition and retention. Michael Francis,…
Wednesday, August 21, 2019 - 14:48

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