MBJ: Local medical device co. brought to feet with FDA approval

MBJ: Local medical device co. brought to feet with FDA approval A Memphis company is getting off on the right foot with two new medical devices. In2Bones Global Inc. announced Tuesday, Aug. 8, that the U.S. Food and Drug Adminstration has approved a foot fracture and correction system that will be marketed under the 5MS Fracture Repair System and the CoLag Locking Compression Screw System brand names. … Last August, In2Bones USA LLC and France’s In2Bones SAS merged to form In2Bones Global, a corporation headquartered in Memphis. Since the merger, and in addition to these two new systems, the company … Continue reading MBJ: Local medical device co. brought to feet with FDA approval

MDN: Jernigan Capital Reports Strong Second Quarter

MDN: Jernigan Capital Reports Strong Second Quarter Memphis-based self-storage financing company Jernigan Capital Inc. has “had an outstanding first half of 2017.” That’s according to its namesake chairman and CEO Dean Jernigan. He was speaking about the company’s results for the quarter ended June 30 during which the company posted net income of $5 million, maintained an investment pipeline of about $700 million, raised about $108 million of additional equity capital and closed $130.1 million of new on-balance sheet development investments, among other things. Jernigan Capital, he went on, also closed $236 million of new development investments. … Two of … Continue reading MDN: Jernigan Capital Reports Strong Second Quarter

MDN: The Case for Ground Floor Innovation

MDN: The Case for Ground Floor Innovation ServiceMaster wanted to open an innovation center partly for “self-serving” reasons, the company’s chief information officer said during a panel discussion Thursday, June 15, that marked the inaugural event in ServiceMaster’s new innovation space the “Ground Floor.” The company, CIO Jamie Smith said, had actually looked at launching such a space even before the company knew it would be bringing its corporate headquarters Downtown. Ground Floor will serve as a startup accelerator, co-working space and small events center. “We know we need to innovate, as ServiceMaster, to really stay relevant – we don’t … Continue reading MDN: The Case for Ground Floor Innovation

MDN: Wunderlich Securities Moving Downtown

MDN: Wunderlich Securities Moving Downtown Wunderlich Securities Inc. is preparing to move its corporate headquarters from East Memphis, where the investment firm employs 110 people, to Downtown’s One Commerce Square. … The firm, he added, is in the late stages of negotiating a lease for at least 12 years at One Commerce, where the firm is looking at occupying the 16th and 18th floors. Wunderlich, which was founded in 1996, has been headquartered at 6000 Poplar Ave. in East Memphis for more than a decade, and about 100 employees appear set to make the move Downtown in time to start … Continue reading MDN: Wunderlich Securities Moving Downtown

MBJ: Memphis startup embarks on sudsy three-state expansion

MBJ: Memphis startup embarks on sudsy three-state expansion A Memphis-based retailer that has found quick success in the Mid-South is in the midst of a two-month, three-market expansion that will lead to storefronts in Birmingham, Tupelo and Castle Rock, Colorado. The locations will be No. 3, No. 4 and No. 5 for Buff City Soap, which opened in Bartlett in 2013 — as Bartlett Soap Co. — and also operates an Olive Branch location. Buff City co-owner Brad Kellum said the company has sold $250,000 worth of soap in 2017, with hopes to sell about $1.6 million by the end … Continue reading MBJ: Memphis startup embarks on sudsy three-state expansion

MDN: ServiceMaster’s New HQ Taking Shape

MDN: ServiceMaster’s New HQ Taking Shape About this time last year, there was a lot of uncertainty surrounding ServiceMaster’s relocation. So when the company announced it would convert the long-vacant Peabody Place Mall into its new corporate headquarters, it sent a clear signal that, in terms of development, anything is possible these days in the Bluff City. The Daily News recently took a look inside the ambitious project. The first part of ServiceMaster’s new headquarters to open will be its IT Innovation Center, a 20,000-square-foot collaborative workspace that will occupy the former Tower Records location near the Third Street entrance … Continue reading MDN: ServiceMaster’s New HQ Taking Shape

MDN: ServiceMaster Endows U of M Anthropology Fellowship

MDN: ServiceMaster Endows U of M Anthropology Fellowship Memphis-based ServiceMaster Global Holdings Inc. has endowed a design and ethnography fellowship at the University of Memphis with a multiyear, $42,000 grant. The residential and commercial service provider announced the fellowship will benefit one student per school year in the College of Arts and Sciences’ anthropology department. “Businesses are beginning to embrace ethnography to better understand and serve their clients,” said Tom Nenon, dean of the College of Arts and Sciences, in a written statement. “It’s an emerging field nationwide.” The students will work with Kevin Newton, ServiceMaster’s on-staff anthropologist. …. MDN: … Continue reading MDN: ServiceMaster Endows U of M Anthropology Fellowship

MBJ: FedEx grabs top spot on global rankings

MBJ: FedEx grabs top spot on global rankings FedEx Corp. is No. 1 — at least for global freight carriers. Industry trade publication — Transport Topics— released its annual rankings of the “Top 50 Global Freight Carriers” and Memphis-based FedEx was first on the list for 2016. It was followed by UPS Inc. and China Railway Corp. …. MBJ: FedEx grabs top spot on global rankings Continue reading MBJ: FedEx grabs top spot on global rankings

MBJ: Memphis-based company No. 1 in nation for apartment ownership

MBJ: Memphis-based company No. 1 in nation for apartment ownership A Memphis-based multifamily titan is now the largest apartment owner in the U.S. The National Multifamily Housing Council (NMHC) released its 2017 rankings of the 50 largest apartment owners, and Memphis real estate investment trust (REIT) MAA was No. 1. … MAA also ranked No. 6 on the 2017 rankings of the 50 largest apartment managers by NMHC. …. MBJ: Memphis-based company No. 1 in nation for apartment ownership Continue reading MBJ: Memphis-based company No. 1 in nation for apartment ownership

MBJ: Historic Memphis bank gets new headquarters

MBJ:  Historic Memphis bank gets new headquarters Tri-State Bank of Memphis has a new headquarters. The bank officially signed a lease for space in an office high-rise located at 1407 Union Ave. located between South Watkins Street and Pine Street. The building is owned by Olymbec USA LLC. “Known as ‘Mid Memphis Tower,’ [the building] clearly met all of our requirements for the corridors that were under consideration,” said Thomas Felder, CEO of Tri-State Bank of Memphis. … Tri-State Bank’s headquarters are currently at 180 S. Main St. The bank announced in January 2016 it had sold the nearly 23,000-square-foot … Continue reading MBJ: Historic Memphis bank gets new headquarters