A Memphis-based warehousing and distribution company is not only growing its operation - it’s growing it greener.

The City of Memphis and Memphis Bioworks Foundation have received a $2 million grant that will be applied toward development of a a 167-room hotel at 969 Madison.

An out-of-town investment group has purchased The Shops at Rock Creek out of foreclosure.

Three Memphis-based companies closed at new 52-week highs Friday on the New York Stock Exchange on a light day of trading volume before the Labor Day weekend.

Urban Outfitters Inc. is targeting the heart of Memphis for one of its name-brand stores.

The massive oil leak that has devastated the Gulf Coast has extended its reach to the Memphis city limits.

CEVA Logistics U.S. Inc. is snatching up a short-term, 416,000-square-foot sublease from Williams-Sonoma Inc., taking space in an Olive Branch building that will be occupied by Hamilton Beach Brands Inc. in summer 2011.

The Center City Revenue Finance Corp. approved more incentives to lure Pinnacle Airlines Corp. to One Commerce Square Thursday morning. It also committed to a $16 million project which could dramatically improve infrastructure along Main Street.

An investment group has purchased a 50,800-square-foot Ashley Furniture Homestore building out of receivership for $3.45 million.

Memphis and Jeffersontown, Ky., reportedly are competing for an industrial expansion that could create more than 200 new jobs.

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