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Memphis Business Journal
Here's why Brazilian co. might want to buy Memphis corp. giant
Brazilian company Suzano’s reported interest in Memphis-based International Paper (IP) may be more about its pulp business than a potential bid for the company, according to multiple analysts. Suzano, a pulp and paper company based in São Paulo,...
BizSpotlight: East & Westbrook Construction
East & Westbrook Construction (E&W), an industry leader with over 47 years of experience, announces the strategic promotion of Kyle Sumner to President of Contracting and their Tennessee Regional Office. This strategic move is part of the industrial...
Women Who Lead in Interior Design: Cindy Clark
If there ever was a time for leadership, the pandemic and post-pandemic era has been that occasion. For Memphis Business Journal’s next group of Women Who Lead, honoring women who are in high-level roles in the interior design industry seemed to be...
The story of a Downtown restaurant's design
When designers of the Atlanta-based Johnson Studio at Cooper Carry approach a project, it's important that they remain flexible. Such was the case when they took on the job of transforming the old William C. Ellis & Sons Ironworks and Machine Shop...
Brazilian company could make $15 billion bid for Memphis company
A Brazilian pulp and paper company could soon make a bid to acquire Memphis-based International Paper, according to reports. Suzano, which is based in São Paulo, expressed interest to IP in a potential $15 billion all-cash acquisition, according to...
Retailer closing hundreds of stores after bankruptcy
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals. We'll take a look today at Walmart's decision to close down its health clinic business, how small businesses are rethinking real...
Job postings are sliding overall, but not for these high-demand roles
At a time when job postings have declined 28% from a pandemic-era high in 2021, certain positions — including multiple skilled trades — are in high demand. That’s according to recently released data from global job-search engine Indeed. Indeed's...
Grizzlies Rising Star buys home, and a former Grizz sells property
Here are the five most expensive homes sold recently in Shelby County. All transaction information comes from MBJ Biz Leads research, the Shelby County Register of Deeds, and the Shelby County Assessor of Property. The Google Street View of the property...
Here's how much former Memphis AD is getting at Missouri
The University of Missouri’s newly hired director of athletics Laird Veatch will get a significant pay boost in his new role. Veatch will receive annual compensation of $1.3 million as part of a five-year contract with Missouri, according to a memorandum...
Here's how much top exec's made at this billion-dollar local company
The start of 2024 has been busy for International Paper (IP). One of Memphis’ largest public companies, IP recently underwent a CEO change while also agreeing on a nearly $10 billion acquisition to strengthen its European presence. New CEO Andrew...
Latest details on new restaurant concept in Collierville
When Kirk Cotham and Chad Foreman were in the planning stages of their latest concept, a sports bar/live music venue/gastropub in Collierville at Carriage Crossing, they chose the name "Nashoba" as a placeholder. The name made sense for the founders...
U of M's student-athlete, 'apartment-style' housing moves forward
The University of Memphis and its private partner have filed a site plan with the Memphis and Shelby County Division of Planning and Development to bring a large-scale project to the U of M's South Campus. The project is set to bring a 540-bed student...
Here's who's leading the search for Memphis' next athletic director
The University of Memphis’ search for its next athletic director to succeed Laird Veatch is officially underway. Jeff Crane, who is currently deputy athletic director at the U of M, is serving as interim athletic director. Memphis announced last...
Small-business grants you can apply for this month
Small-business owners are optimistic about their growth prospects as we move toward the midpoint of 2024. <\p> According to a recent WalletHub survey of business owners, more than 60% of small-business owners believe now is a good time to grow. That's despite 64% who believe inflation won’t be coming down soon, and 60% who say their business is in need of financing more than it was a year ago. <\p>
What an evolving retail landscape means for America's downtowns
The challenges facing America's downtowns are frequently linked to the staggering amount of empty office space sitting in towers. But another important segment of the downtown revitalization conversation is how to fill a growing amount of vacant retail space in cities across the country.<\p> Once the core shopping hubs of cities and metro areas, downtowns for many retailers have lost favor to more suburban locations, even predating the Covid-19 pandemic, thanks to population and demographic patterns. Even the suburban retail story has faced challenges, though, with U.S. malls posting an average vacancy rate of 8.7% in 2023 — the highest of any retail property type tracked by Jones Lang LaSalle Inc. (NYSE: JLL).<\p>
Local artist's vision for vibrancy, art incubator in North Memphis
Long ago, Ephraim Urevbu was one of the first bringing vibrancy to South Main. <\p> He opened up an art studio that brought new energy at a time when South Main was decades away from what it is today. <\p>
Country club waitlists are surging. What about initiation fees?
Country clubs that made it through the leaner years of the Great Recession and the turmoil of the Covid-19 pandemic are expected to see blue skies in 2024 and beyond — and that means waitlists at well-situated clubs will likely remain robust. <\p> Right now, indicators are showing clubs are largely in the driver's seat in 2024 with increased demand and limited supply, according to Chris Davis, a director at Club Benchmarking, which uses club data and evaluations to help them plan for their capital needs.<\p>
Here are MBJ's 2024 40 Under 40 honorees
What goes into the life and times of an MBJ 40 Under 40 honoree? A standout career? Check. Seemingly superhuman devotion to causes and support to worthwhile nonprofit organizations? Check. Time to make a difference with family and friends and the overall...
These are America's wealthiest colleges and universities
Endowments at the 100 wealthiest colleges in America fell by an average of 3.3% between 2021 and 2022, but they rose an average of 35% since 2019. <\p> That’s according to a recent Business Journals analysis of data from the U.S. Department of Education.<\p>
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