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VOL. 128 | NO. 113 | Tuesday, June 11, 2013

Shelby County Home Sales Climb 15 Percent

May home sales jumped 15 percent from the same month last year, while the average sales price increased 9 percent.

Helping Hands

The Westin’s ‘Memphis to Moore’ event raising money for tornado victims

The Westin Memphis Beale Street Hotel is hosting a bash this week organizers are calling “Memphis to Moore,” an event that will raise money for the rebuilding effort in an Oklahoma community devastated last month by a mile-wide tornado.

Hollins Move Latest in New Grizz Plan

Lionel Hollins repeatedly said more than he should have. So it is only fitting that the end of Hollins’ tenure as coach of the Memphis Grizzlies was marked by deafening silence from franchise CEO Jason Levien and then, finally, a press release saying the franchise was going to “move in a different direction.”

Georgia-Pacific Gets Request for Buckeye Data

MEMPHIS (AP)Georgia-Pacific LLC has received a request from the Federal Trade Commission and the antitrust division of the Justice Department for more information and documents related to its acquisition of Buckeye Technologies Inc.

Hattiloo to Complete Overton Square Comeback

The latest milestone in the comeback of Overton Square came the weekend of the Tony Awards in New York City with the groundbreaking for the new Hattiloo Theater.

Local Weather
Today
Memphis, TN
92°F
Fair
Wind: 7 mph
Humidity: 54%

EVENTS

The National Association of Women Business Owners, Memphis chapter will meet Tuesday, June 11, at 11:15 a.m. at Chickasaw Country Club, 3395 Galloway Ave. Shelley Baur, owner of One Source Associates, will speak, and the 2013-2014 officers and board will be installed. Tickets in advance are $25 for members and $30 for nonmembers; tickets at the door are $35. Visit nawbomemphis.org.

more events »

Hollins Out as Grizzlies Coach

Lionel Hollins is no longer with the Memphis Grizzlies, the NBA team’s front office announced Monday, June 10.

Morris to Lead Main to Main Project

Downtown Memphis Commission president Paul Morris will become the new project director for the Main Street to Main Street revitalization project that includes a Harahan Bridge boardwalk.

Southwest Puts Fall Flights on Sale Briefly

DALLAS (AP) Southwest Airlines Co. is running a three-day sale on fall travel, and other airlines are starting to match the lower prices.

Sevierville Bank Transferred to First Tennessee

The 12 branches of Mountain National Bank of Sevierville reopened for business at the start of this week under the banner of First Tennessee Bank.

Luttrell: School Finances Will Continue to Change

Shelby County Mayor Mark Luttrell won an important Shelby County Commission vote last week when the commission approved the $4.38 county property tax rate he recommended.

Chism Pushing for Younger Democratic Contenders

Candidates in the 2014 elections for Shelby County Commission emerged at Commissioner Sidney Chism’s political picnic over the weekend.

REAL ESTATE RECAP

Oakhaven Warehouse Sells for $11.3 Million

5155 Citation Drive, Memphis, TN 38118, Sale Amount: $11.3 million -
The 398,992-square-foot warehouse at 5155 Citation Drive in Oakhaven has sold for $11.3 million.

LOCAL COLUMNISTS

Room for Improvement?

So it’s time to locate new office space for the changing needs of your business. That may mean adding more space to accommodate growth, downsizing to support a reduction in employees or even rightsizing – as many companies are these days – to reduce space per employee and cut operating expenses.

MEMPHIS AREA

Graham Takes Reins at The Commercial Appeal

MEMPHIS (AP)Louis Graham has been promoted to editor of The Commercial Appeal.

STATE GOVERNMENT

State Didn't Apply for Some Grants to Aid Children

NASHVILLE (AP) – A report by the Tennessee Commission on Children and Youth finds the state didn't apply for some competitive grants that would have benefited programs.

NATIONAL BUSINESS

American, US Airways Name Post-Merger Leadership

DALLAS (AP) – The new American Airlines will have more top executives from smaller but more successful US Airways than from the current American.

NATIONAL GOVERNMENT

S&P Boosts Outlook for US Government’s Long-Term Debt

WASHINGTON (AP) – Standard & Poor's Ratings Services upgraded its outlook Monday for the U.S. government's long-term debt. S&P cited the government's strengthened finances, a recovering U.S. economy and some easing of Washington's political gridlock.

Obama Nominates Furman as Top Economic Adviser

WASHINGTON (AP) – President Barack Obama has nominated Jason Furman, a veteran White House economic official, as chairman of the president's Council of Economic Advisers.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 327 11,765
MORTGAGES 76 371 15,350
FORECLOSURE NOTICES 41 112 3,023
BUILDING PERMITS 382 972 28,226
BANKRUPTCIES 65 345 11,307
BUSINESS LICENSES 19 117 4,155
UTILITY CONNECTIONS 184 700 17,184
MARRIAGE LICENSES 20 100 3,564

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