WHAT’S GOING ON
– Big River Crossing recorded another quarter of growth in visitor engagement based on annual data since its October 22, 2016 launch. Nearly 515,000 people from around the world have visited the span, which is the nation’s longest pedestrian-bike bridge across the Mississippi River,
The bridge’s fourth quarter numbers show 55,113 visitors between October and December of 2018, and of those visitors, 42,231 (88 percent) were pedestrians and 16,685 (12 percent) were cyclists. While the bridge experienced a slight decrease in total visitors from the third quarter’s 57,060 visitors, the data also reveals an increase of cyclists, with 5,000 more bikers this quarter than Q3’s 11,465. The majority of visitors have entered from the Memphis side, 81 percent, compared to the 19 percent of West Memphis entrances. These numbers bring the total number of visitors in 2018 to 214,711.
– A new global survey reveals that CEOs view a recession as their biggest external concern for 2019. They cited attracting and retaining talent as their top internal concern.
Conducted each year by The Conference Board, the findings from C-Suite Challenge 2019 also show that CEOs feel particularly uneasy about issues including global political instability, leader development, and trade. The report is based on a survey of more than 800 CEOs and more than 600 other C-Suite executives, primarily from the United States, Asia, and Europe.
– The online apartment listing website apartments.com studied the Memphis multifamily market and found that the city’s vacancy rate has remained stable in 2018. Memphis has one of the highest vacancy rates in the country due to the multitude of buildings that are under renovation. The city has one of the largest renovation pipelines on both a nominal and percentage basis. New construction has also recently picked up, with close to 1,700 units underway. Under-construction properties are concentrated in Downtown Memphis and the southeast suburbs, where the lowest vacancies and highest rents in the metro are generally found. Rent growth has been solid in Memphis recently and is currently top in the country. Pricing continues to grow but is still significantly lower than the national benchmark.
– The Teach901 Educator Job Fair series begins February 5 at Crosstown Concourse. The fairs connect education job seekers with recruiters from public, charter, and parochial schools in Memphis. New and experienced teachers are encouraged to attend. Recent college graduates and seniors who graduate in May are also invited to network. Register in advance by going to teach901.com/hiring-events/
– Memphis-based Fogelman Properties, one of the country’s largest, privately-owned and fully-integrated multifamily investment and property management companies, has acquired Crestmark Apartments in Douglasville, Ga. Developed in two phases in 1992 and 1994, Crestmark Apartments is a 334-unit garden-style community that offers one-, two-, and three-bedroom apartment homes.
THE BEST OF THE BEST
Inside Memphis Business is honoring its 2019 CEO of the Year honorees. Join us for this year’s CEO of the Year Awards Breakfast on Friday, January 25th as we honor Jonathan and Jarrett Logan of Castle Black Construction, Nathan A. Bicks of Burch Porter & Johnson PLLC, Jack Soden of Elvis Presley Enterprises, and Meri Armour of Le Bonheur Children’s Hospital.
These exceptional leaders are setting the standards of success. Our awards breakfast will honor the five honorees and will include remarks by Jim Canfield, author of CEO Tools 2.0and an expert at empowering CEOs and senior leaders. Jim is a graduate of the Fogelman School of Business & Economics at the University of Memphis and the Rhodes College Institute for Executive Leadership. Later, he led the Institute at Rhodes for almost a decade.
The CEO of the Year breakfast is presented by eBiz Solutions and sponsored by Orion Federal Credit Union. Tickets are $25 per person and include breakfast. Tables of 10 are available for $200, a savings of 20 percent. Get tickets here.
NEWS FROM OTHER SOURCES
– The Port of Memphis has received a $1.7 million grant from the state of Tennessee to add new railroad tracks at the public terminal on Presidents Island and boost rail service. Read Wayne Risher’s story in the Daily Memphian here.
– FedEx Express is acquiring the Israeli express delivery firm Flying Cargo Group. Read Max Garland’s story in The Commercial Appeal here.
– The Memphis Cook Convention Center $200 million renovation project got underway with a groundbreaking this week. Read Samuel Hardiman’s story in the Memphis Business Journal here.
THE HOT SHEET
Who’s getting promoted? Who’s closing big deals? Who’s getting awards? Inside Memphis Business magazine’s Hot Sheet has the latest on milestones in Memphis.
– Clayborn Temple announced its inaugural event for its “In This Place” speaker series. The initiative aims to build relationships across Memphis communities to address racial and economic injustice. The first event, featuring Shelby County Commissioner Tami Sawyer, takes place on Monday, January 21st at 6pm. Those interested can register here.
– Maria Bennett joined Lehman-Roberts Co. as contract administrator.
– The Crone Law Firm hired James Crone as a marketing specialist.
– The Healthcare Chaplaincy Network honored the retirement community Trezevant with the Excellence in Spiritual Care Award.
– The Memphis Area Association of Realtors named Katie Shotts (pictured) as its new CEO. Shotts has more than 10 years experience as a Realtor Association executive, and most recently was COO at the 7,900-member Pinellas Realtor Organization. She previously served in Memphis as the MAAR Communications and Commercial Council Director for seven years.
– Boyle Investment Company announced two new additions to its team: Noah McKinney (commercial interior space planner) and Jason Walters (development manager for Boyle’s Land Development Department).
Inside Memphis Business magazine publishes a list of local Power Players every year. These are the movers and shakers in more than 30 categories who get things done in their respective fields. IMB’s April issue has the complete list. We also publish individual categories in other issues throughout the year, and we feature individual Power Players in our weekly Tip Sheet.
This week’s Power Player is Kristen Ring:
Head of school, Hutchison School. B.A., Master’s, English, Wake Forest University. Doctorate of Education, High Point University. Extensive education experience as senior administrator, teacher, coach in private, independent schools in Alabama, North Carolina. Began career as an English teacher in 2006. Recipient, Waddill Excellence in Teaching Award for exemplary classroom instruction. Division 1 Field Hockey Atlantic Coast Conference scholar athlete.