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VOL. 128 | NO. 147 | Tuesday, July 30, 2013

Lot Shortage Challenge to Builders

Memphis-area homebuilders are facing a host of issues – rising materials costs, increased labor costs and regulatory issues – that could act as a drag on the industry.

Moving the Pack

RedRover prepares for new digs in Falls Building

RedRover Sales & Marketing is a few months away from starting a new chapter in the firm’s more-than-seven-year existence because of having arrived at what’s arguably a good problem to have.

Bunker, Ritz Differ on Tax Hike Afterlife

Two Shelby County Commissioners with about a year left in office see an afterlife of issues with the county budget and $4.38 property tax rate the commission approved earlier this month.

The Peabody Launches Diabetes Prevention Program

Chances are if you live in Memphis, you know someone with diabetes or pre-diabetes.

State Schools Proficiency Numbers Show Growth

The last school year of the Memphis City Schools system showed more than 5 percent growth each in math and science proficiency with roughly a third to 38 percent of those students rated as proficient or advanced.

Local Weather
Today
Memphis, TN
74°F
Mostly Cloudy
Wind: 7 mph
Humidity: 64%

EVENTS

Memphis Rotary Club will meet Tuesday, July 30, at noon at the University Club of Memphis, 1346 Central Ave. Shelby County Sheriff Bill Oldham will speak. Cost for nonmembers is $18. R.S.V.P. to Taylor Hughes at taylor@memphisrotary.org.

more events »

REAL ESTATE RECAP

Raleigh Sam’s Club Sells for $11.4 Million

2150 Covington Pike, Memphis, TN 38128, Sale Amount: $11.4 million -
The Sam’s Club at 2150 Covington Pike in Raleigh has sold for $11.4 million to a California investor.

LOCAL COLUMNISTS

Workshops, Seminars: Blessing or Curse?

Continuous training, education and exposure to new people and ideas can lead to continuous improvement, motivation and engagement. Workshops, seminars and conferences add to the skill set and competency of nonprofit employees, executives, board members and volunteers. The question is: what happens after the workshop or conference?

Urban Child Institute Devoted to Helping Memphis Kids

There is a persistent and ever widening divide in our country between those who have plenty and those who suffer poverty.

Exploring Your Lease Options

A lease is a lease is a lease, right? A certain amount of square feet at a set rate per square foot, maybe with some kind of built-in increase during the lease period.

STATEWIDE

Lennox Closing Fireplace Plant in Union City

UNION CITY (AP) – Innovative Hearth Products has announced it will close its Lennox plant in Union City.

2 More Plead Guilty in Truck-Stop Chain Probe

KNOXVILLE (AP) – Two more members of the Pilot Flying J sales staff have pleaded guilty to defrauding customers at the truck-stop chain owned by the family of Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam.

Nashville Airport Hits 10 Million Passenger Milestone

NASHVILLE (AP) – The Nashville International Airport saw more than 10 million passengers during fiscal year 2013.

Tennessee Again Tops in Auto Manufacturing Strength

NASHVILLE (AP) – Tennessee is, for a fourth consecutive year, ranked No. 1 in automotive manufacturing strength in the nation.

STATE GOVERNMENT

State Rules Get Tighter Scrutiny

NASHVILLE (AP) – Gov. Bill Haslam took office with a 45-day freeze on implementing any new government rules.

NATIONAL BUSINESS

Icahn Contests Condition in Latest Dell Offer

Billionaire investor Carl Icahn is renewing his attack on Michael Dell's leadership and warning that the latest offer from Dell to buy the struggling PC maker he founded bypasses an important shareholder safeguard.

Hudson's Bay Buying Saks for About $2.4 Billion

NEW YORK (AP) – Don't let the global economy fool you: Luxury is hardly dead.

NATIONAL GOVERNMENT

Paul ‘Supportive’ of Alexander, But Not Endorsing

NASHVILLE (AP) – Kentucky's Rand Paul said Monday that he's "very supportive" of fellow U.S. Sen. Lamar Alexander but stopped short of endorsing the Tennessee Republican, who is up for re-election next year.

REAL ESTATE

Pending Sales of US Homes Slip From 6-Year High

WASHINGTON (AP) – The number of Americans who signed contracts to buy homes dipped in June from a six-year high in May, a sign that sales could stabilize over the next few months.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 38 349 15,066
MORTGAGES 111 449 19,779
FORECLOSURE NOTICES 33 91 3,886
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 62 309 14,343
BUSINESS LICENSES 18 138 5,129
UTILITY CONNECTIONS 69 385 21,817
MARRIAGE LICENSES 13 106 4,663

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