WHAT’S GOING ON
– Stage Coach Collection, a 48,200-square-foot retail property in Bartlett, has been sold for $5,850,000. Dick Huffman and Mickey Davis, investment specialists in Marcus & Millichap’s Memphis office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer was identified as Phillip Nachman.
– The City of West Memphis had a groundbreaking Monday for its 14,400-square-foot state-of-the-art library. It will feature a multipurpose common room with seating for up to 100 people, an 18-person conference room, meeting and study spaces, a children’s area with group reading spaces and a play area, a teen gaming and lounge area, a café, administration offices, and an outdoor event space. The new structure, which will replace the existing 7,500-square-foot library, was designed by the Memphis-based design firm Allen and Hoshall.
NEWS FROM OTHER SOURCES
– Are you a diligent recycler? Good for you, but in Memphis, the system hasn’t been doing very well. Read Alex Greene’s story in the Memphis Flyer here.
– Highwoods is selling its Memphis holdings, including Crescent Center and International Place II and IV. It may also impact the One Beale project. Read the story by Wayne Risher and Tom Bailey in the Daily Memphian here.
– Speaking of One Beale, developer Chance Carlisle spoke of rental rates, restaurants, and a timeline. Read Jacob Steimer’s story in the Memphis Business Journal here.
– The 59-year-old Plough Foundation will grant its remaining assets over the next four years to nonprofits and then close down. Read Phillip Jackson’s story in The Commercial Appealhere.
– The Brookings Institution has published a piece by Carol Coletta, Memphis River Parks Partnership president and CEO, on how the Memphis riverfront is being designed to make a more equitable city. Read it here.
– BLDG Memphis: Pizza With Planners: The next of the series focuses on how to improve communication between local government officials and the community to foster a more collaborative culture. Tuesday, August 27th, 5:30-7pm. Center for Transforming Communities, 258 N. Merton St. Go here for more info.
– Outlook 2019 summit presented by Paragon Bank: How consumers view the local economy through the Outlook 2019 Memphis Economic Study. Tuesday, September 17th, 4 p.m. Free. Memphis Botanic Garden, 750 Cherry Rd. Find out more information here.
– 3rd Annual Total Woman Summit: Sherica Hymes’ event empowers women through education, connection, and community with this year’s theme of SOARing in every phase of life. Saturday, September 28th, 10am-3pm. Great Hall & Conference Center, 1900 S. Germantown Rd., Germantown, TN. $75/person; $1,000/VIP table. Register here.
– Need to know what to do this weekend? Check out Memphis Magazine‘s Five Things To Do This Weekend 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.
– Jeff Grimm joined Memphis Planning and Wealth as a private wealth advisor.
– Obsidian Public Relations promoted Murray Lace to account manager.
– Wyatt, Tarrant & Combs had eight Memphis attorneys honored in Best Lawyers in America 2020: Douglas M. Alrutz, Robert E. Craddock, Lee A. Harkavy, James G. M. Lenschau, Richard C. Raines, Glen G. Reid, Boyd L. Rhodes, Jr., and Mark Vorder-Bruegge, Jr. The publication also recognized Alrutz as Lawyer of the Year for bankruptcy and creditor debtor rights and insolvency and reorganization law.
– John Woods joined Adelman Law Firm as an associate attorney.
– Baker Donelson’s George T. “Buck” Lewis received a Presidential Citation from the American Bar Association.
– The Rev. Dr. Kevin Andre Brooks (pictured) joined LeMoyne-Owen College as director of alumni affairs.
– Lehman-Roberts Co. hired Adam Chaffin as project superintendent and Pamela Gordon as recruiter and talent acquisition specialist.
– Shea Moskovitz and McGhee hired Hillary Weiss as an attorney.
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.
“The biggest issue in the industry right now is contamination. China limited the percentage of contaminated material that they would accept, and that percentage was not achievable by most U.S. recycling facilities.”
– Joe Nunes, neighborhood services manager for the City of Germantown and chair of the Shelby County Solid Waste Advisory Board. Read Alex Greene’s story in the Memphis Flyer here.