Elon Musk's AI firm xAI is expanding in Southwest Memphis with a 21-year land lease approved by the EDGE board, potentially including a supercomputer site and greywater facility.

Local investors purchase East Memphis Macy's for $7 million, indicating future redevelopment at Oak Court Mall.

Developers of The Walk in Downtown Memphis announce an ownership restructuring and a new plan in response to market conditions, remaining committed to the mixed-use project despite previous setbacks and expired incentives.

Memphis residents advocate for the restoration of the long-unused Mud Island Amphitheater, with hopes for community involvement and a proposed $17 million budget for renovations.

The Fayetteville Driver Services Center in Tennessee is reopening after renovations with updated features to enhance efficiency in providing driver services.

A former Mississippi River museum on Mud Island is being repurposed into an immersive family-friendly attraction called Baron Van Opperbean and the River of Time, led by artist Christopher Reyes.

A judge halted the foreclosure sale of Elvis Presley's Graceland, citing irreversible harm. Loan fraud allegations involving Lisa Marie Presley are in dispute. Naussany Investments withdrew their claims, while Graceland remains open to visitors.

The Memphis City Council approved an amnesty for traffic and parking fines to mitigate a potential tax hike and recover a portion of $140 million uncollected fines.

U.S. rents have fallen for the eighth consecutive month, with the median rent at $1,722. Declines are uneven, with the South seeing significant drops and the West a slight increase.

The Orange Mound Tower in Memphis is undergoing a transformation into a mixed-use complex, with the project now in the design phase. It aims to foster Black innovation and invigorate the local community.

Memphis Mayor Paul Young proposes a 75-cent property tax increase to address a $53 million shortfall and fund city schools, employee raises, and infrastructure projects.

Whitehaven High School begins construction on a new $9 million STEM facility named the Herbert STEM Center, funded largely by alumnus James Herbert and designed to enhance STEM education.

Memphis faces a severe housing crisis with efforts underway to address the shortage of affordable units and systemic problems contributing to residents' difficulties.