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VOL. 128 | NO. 237 | Thursday, December 5, 2013

Traffic Concerns Delay Germantown Whole Foods

The development team behind a proposed Whole Foods store in Germantown is going back to the drawing board after some neighbors expressed concerns about the project, particularly over traffic.

Legal Ease

Law firms reduce real estate needs as industry evolves

Earlier this year, Baker, Donelson, Bearman, Caldwell & Berkowitz PC renewed its lease at the First Tennessee Building Downtown.

Crosstown Funding Mix of Local, State and Federal

The $15 million in funding Memphis Mayor A C Wharton Jr.’s administration put together as the last piece of financing for the Sears Crosstown building redevelopment is not just a combination of state and federal grant money.

AutoZone Park Terms Move Into Focus

The St. Louis Cardinals would pay the city of Memphis $300,000 a year for 17 years to use AutoZone Park, and the major league franchise’s front office would operate AutoZone Park for the city through a limited liability corporation owned by the St. Louis Cardinals during that time.

Roland Calls for Probe of Missing Schools Inventory

Shelby County Commissioner Terry Roland is calling for a special meeting of the Shelby County Commission this month to talk with Shelby County Schools officials about the recent external audit of the school system that couldn’t account for $48.4 million in school system property and equipment.

Agape Celebrates Young ‘Pictures of Hope’ Artists

Agape Child & Family Services celebrated 14 young photographers Tuesday, Dec. 3, unveiling the Pictures of Hope holiday cards based on the children’s missive to capture their dreams on camera. The celebration and unveiling were part of Agape’s second-annual Meet the Young Artist holiday party, held at Chuck Hutton Chevrolet in East Memphis.

Council’s Ire at Wharton Timing Grows

It is a political constant in life at City Hall for Memphis City Council members to complain that they get critical information much too late in the decision-making process and then are pressured by the mayor to make a decision then and there.

MEMPHIS LAW TALK

Silva Strikes Right Chord With Immigration Practice

Tony Silva with Donati Law Firm LLP grew up in Nashville and with a background in music. He left the Music City for the University of Memphis as a classical performance major, with plans to become a performer and professor. He would go on to receive bachelor’s, master’s and doctorate degrees in music performance in classical piano before taking a turn towards law.

LOCAL COLUMNISTS

What If You Need Money – Fast?

Ray’s Take Sometimes bad things happen. Despite careful financial planning you can simply hit something you’re not prepared for. The fact is no matter how well you plan for financial security, something outside of your control can happen and threaten your plan, your lifestyle, and potentially your solvency.

Unwanted Calls Follow-Up

A few weeks ago, I began a column with “Harassing phone calls. What other term would fit?” And ended said column with a plea for help. Viewer mail came pouring in.

NATIONAL BUSINESS

Survey: US Companies Add 215,000 Jobs, Most in Year

WASHINGTON (AP) – A private survey shows U.S. businesses last month added the most jobs in a year, powered by big gains in manufacturing and construction.

CEOs More Optimistic About Economy and Hiring

WASHINGTON (AP) – A survey of chief executives at the largest U.S. companies shows a growing number are slightly more optimistic about the economy's prospects for the next six months and expect to boost hiring.

US Trade Deficit Drops to $40.6 Billion in October

WASHINGTON (AP) – The U.S. trade deficit fell in October, helped by America's energy boom that lifted overall exports to an all-time high.

US Service Sector Grows at Slower Pace Last Month

WASHINGTON (AP) – U.S. service sector firms grew in November at the weakest pace since June, evidence that cautious spending by consumers and businesses may be slowing growth.

NATIONAL GOVERNMENT

Obama: Income Inequality a Defining Challenge

WASHINGTON (AP) – President Barack Obama turned his focus Wednesday to the pocketbook issues that Americans consistently rank as a top concern, arguing that the dream of upward economic mobility is breaking down and the growing income gap is a "defining challenge of our time."

REAL ESTATE

US New-Home Sales Jump in October

WASHINGTON (AP) – Americans ramped up purchases of new homes in October after three months of soft sales, evidence that the housing recovery is improving fitfully.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 74 312 15,378
MORTGAGES 125 389 20,168
FORECLOSURE NOTICES 0 86 3,972
BUILDING PERMITS 431 872 36,714
BANKRUPTCIES 54 232 14,575
BUSINESS LICENSES 9 64 5,193
UTILITY CONNECTIONS 71 312 22,129
MARRIAGE LICENSES 10 83 4,746

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