Tennessee news

• City Council preview: Beale Street still in limbo, speed humps

  17-02-2017 23:29 via feeds.bizjournals.com
  [Editor’s note: MBJ reporter Michelle Corbet previews highlights from each Memphis City Council meeting agenda.]When the Memphis City Council meets Tuesday, Feb. 21, they will continue exploring the long-term management of Beale Street and explore potential solutions to a backlog of speed hump requests.Members will continue a heated discussion from Jan. 17's meeting about potentially disbanding the recently formed Beale Street Tourism Development Authority Development Authority after an al
  
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• MBJ's 2017 Building Memphis awards winners named

  17-02-2017 21:34 via feeds.bizjournals.com
  Big winners at last night's Memphis Business Journal's 2017 Building Memphis awards included projects from the Mississippi River to Hyde Lake.To see the winners and all the finalists, click the slideshow.MBJ began the Building Memphis Awards five years ago to highlight the collective accomplishments of our construction, architecture, engineering, interior design, commercial real estate, commercial lending and public sectors.The results of their labors are unavoidable: They are the tallest buildi
  
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• See Inside: Starbucks to debut inside bank branch

  17-02-2017 21:28 via feeds.bizjournals.com
  Lane one — Starbucks. Lanes two and three — Pinnacle Financial Partners.Nashville-based Pinnacle Financial Partners has transformed its bank branch at 1264 S. Germantown Road into part bank, part full-service Starbucks, complete with a drive-thru.Click the slideshow to get a sneak peek inside.“We have tried to think of innovative ways to do business to bring in more clients, business clients or consumer clients,” said Nita Tennial, office leader for the Wolf River Pinnacl
  
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• CRE: 2017 the year of small biz, downtown office space

  17-02-2017 21:20 via feeds.bizjournals.com
  Small business is back in Memphis, according to one of the city’s veteran real estate brokers.Newmark Grubb Knight Frank senior managing director Scott Pahlow told a crowd of real estate professionals Thursday, Feb. 16, that the resurgence of Memphis' small businesses is one of the city’s most important trends in real estate.Driven by growing small businesses, about 1.45 million square feet of vacant Class B office space — defined as office buildings with ceiling heights betwee
  
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• Council attorney says city should divest itself of SCS properties

  17-02-2017 19:08 via feeds.bizjournals.com
  Council members are expected to add $1.5 million to the fiscal 2017 budget as part of the city's multimillion-dollar settlement with Shelby County Schools (SCS).The increase will be funded by G.O. bonds and will pay for a mechanical system replacement at Hamilton High School and ADA compliance and mechanical system upgrades at Sherwood Middle School.The settlement mandates the city fund up to $3.8 million in capital expenditures for SCS buildings that are either owned by the city or located on&h
  
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• Top weekly home sale hits $1 million

  17-02-2017 18:45 via feeds.bizjournals.com
  A Memphis home led the week's top residential sales with a million-dollar price tag.Located on Shady Park Lane in the Memphis 38120 ZIP code, the 5,600-square-foot house sold for $1.12 million. The property was constructed in 2007 and has four bedrooms and six-and-a-half bathrooms.The second sale was a home on Cypress Pond Cove in the Collierville 38017 ZIP. Built in 2016, the house has six bedrooms and six-and-a-half bathrooms, according to Zillow. The purchase price was $693,476.Third place&he
  
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• Haslam picks Franklin exec as state's new top jobs recruiter

  17-02-2017 14:08 via feeds.bizjournals.com
  Gov. Bill Haslam on Thursday named Franklin businessman Bob Rolfe as the new commissioner for the Tennessee Department of Economic and Community Development.Rolfe will take over the role following the departure of former commissioner Randy Boyd, who left the job in January amid speculation of a run for governor.Rolfe will begin his new job on March 1, according to a news release.Rolfe is the outgoing CEO of Franklin-based Medical Reimbursements of America, which uses technology to help hospitals
  
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• Kroger rival discounter sets plan for first batch of U.S. stores

  17-02-2017 14:00 via feeds.bizjournals.com
  German discount grocer Lidl has detailed its first expansion into the United States with plans to open 20 stores along the East Coast this summer.The locations will be in Virginia, North Carolina and South Carolina and will likely be in direct competition with Cincinnati-based Kroger Co. (NYSE: KR), which has strongholds in those markets. Kroger, the nation’s largest operator of traditional supermarkets, has 160 stores in North Carolina, 106 in Virginia and 35 in South Carolina. All operat
  
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• Memphis hotels see record revenue

  17-02-2017 13:00 via feeds.bizjournals.com
  In 2016, Memphis hotels sold their most-ever rooms and revenue was the highest on record. The area's average daily rate was $8 above the previous peak in 2007.On Friday, Feb. 17, the Metropolitan Memphis Hotel & Lodging Association (MMHLA) will hold its 19th annual industry update at The Guest House at Graceland. Speakers will include Wayne Tabor, association president; Larry Jensen, president and CEO of Cushman Wakefield/Commercial Advisors; Chuck Pinkowski of Pinkowski & Company; Jeff
  
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