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VOL. 129 | NO. 135 | Monday, July 14, 2014
EMPHASIS Green

Changing Landscape

Shelby Farms Parkway on hold as park work moves ahead

It’s been confusing from a distance.

Chamber: More People Working in Green Sector

The Greater Memphis Chamber counts approximately 15,380 Memphians working in the green economy, with the largest group being 4,800 who work in clean energy.

Memphis’ Water Remains Envy of Other Cities

Brian Waldron is cautious even as he talks about the city’s advantages in its water supply and the abundance of that supply.

Greenbrook Apartments Sell for $46.5 Million

An affiliate of Atlanta-based Carroll Organization bought the 1,037-unit Greenbrook Apartments at 1400 Greenbrook Parkway from Memphis-based real estate investment trust MAA for $46.5 million in a deal that closed Friday, June 11, according to Shelby County property records.

Local Weather
Today
Memphis, TN
65°F
Cloudy
Wind: 0 mph
Humidity: 62%

EVENTS

Theatre Memphis will present “Front Porch Fairy Tales,” the culmination of its summer teen performance workshop, Monday, July 14, through July 20 at the theater, 630 Perkins Road Extended. Visit theatrememphis.org showtimes and tickets.

more events »

D. Canale to Open Distillery, Public Tasting Facility

Longtime Memphis food and beverage wholesaler D. Canale & Co. will develop a spirits distillery and public tasting room at 301 S. Front St. Downtown.

Volkswagen to Build New SUV in Tennessee, Add 2,000 Jobs

NASHVILLE (AP) – Volkswagen plans to build a new seven-passenger SUV at its factory in Chattanooga, Tennessee, adding about 2,000 factory jobs as it tries to reverse U.S. sales that have fallen for the past two years.

Shelby County Home Sales Dip 1 Percent in Quarter

Shelby County home sales slowed slightly in the second quarter compared to the same three-month period in 2013, but rising prices have real estate professionals hopeful for a strong end to the year.

Wharton Courts Alternatives in Benefits Dispute

Memphis Mayor A C Wharton Jr. says any alternatives are welcome to the coming health insurance changes for city employees and retirees.

City: Rideshare Services Need Permits for Airport Use

The city of Memphis will ask popular ridesharing services such as Uber and Lyft to cease and desist operations until they acquire city permits.

Brooks Challenge Grows Toward End of Term

The last six weeks of the current terms of office of the 13 Shelby County commissioners will be marked by a series of political challenges involving Commissioner Henri Brooks.

Wright Taking UAM to New Heights

When Keri Wright was a little girl, her dad built an airplane out of plywood and fitted it with controls and switches, and she and her brother would play in the plane next to their sandbox.

Transplant Games Show True Athletic Spirit

At the NCAA Tournament every March, it is the cliché of clichés when coaches and players say in a press conference before their first game, “We’re just happy to be here.”

SMALL BUSINESS

Dance Teacher Spreads Love of Dance From Cordova

Arman Sahakyan, born in Armenia’s capital city of Yerevan, started taking dance classes as a 6-year-old.

LOCAL COLUMNISTS

Communicate Effectively With Your Audience

The digital world has altered the way businesses communicate with audiences. Regardless of size, they have the opportunity to connect with customers on a more personal basis than at any other point in history.

STATEWIDE

3 Democratic Supreme Court Justices Launch TV Ad

NASHVILLE, Tenn. (AP) — The three Supreme Court justices facing retention elections next month have launched a television ad to stress their dedication to the federal and state constitutions.

NATIONAL BUSINESS

Economists Lower Forecasts for US Growth

WASHINGTON (AP) — U.S. business economists have sharply cut their growth forecasts for the April-June quarter and 2014, though they remain optimistic that the economy will rebound from a dismal first quarter.

Amazon Asks FAA for Permission to Fly Drones

NEW YORK (AP) — Amazon is asking the Federal Aviation Administration permission to use drones as part of its plan to deliver packages to customers in 30 minutes or less.

Ford Cars Probed for Steering Issues

NEW YORK (AP) — The National Highway Traffic Safety Administration says it is investigating steering problems in about 500,000 Ford cars.

Chrysler Recalls 651,000 SUVs for Mirror Lights

NEW YORK (AP) — Chrysler says it is recalling 651,000 Jeep and Dodge SUVs in the U.S. because vanity mirror lights that have undergone repairs can short circuit and start a fire if not reassembled correctly.

NATIONAL GOVERNMENT

US Records $71 Billion Budget Surplus in June

WASHINGTON (AP) — The U.S. government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008.

House Votes to Make Business Tax Break Permanent

WASHINGTON (AP) — The House voted Friday to make permanent a temporary tax break that makes it easier for businesses to invest in new equipment, one of many expired tax breaks that Congress must deal with by the end of the year.

REAL ESTATE

Downside of Low US Mortgage Rates: Less Selling

WASHINGTON (AP) — Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 69 311 15,028
MORTGAGES 83 338 19,668
FORECLOSURE NOTICES 0 43 3,838
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 65 247 14,281
BUSINESS LICENSES 16 120 5,111
UTILITY CONNECTIONS 70 316 21,749
MARRIAGE LICENSES 18 93 4,650

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