Editorial Results (free)
1. Obama Nominates Justice Official to Top Labor Slot
- Tuesday, March 19, 2013
WASHINGTON (AP) – Thomas Perez, President Barack Obama's choice for Labor secretary, has used his perch as the nation's chief civil rights enforcer to crack down on voter suppression, discrimination and police brutality.
2. Apperson Crump Expands in Triad III
- Friday, March 15, 2013
Memphis’ oldest continuously practicing law firm is expanding its presence in Triad III.
Apperson Crump PLC added 2,037 square feet to its seventh floor space in a vacant adjacent area between Silverleafe Capital Partners LLC.
3. Obama Presses On With GOP Charm Offensive
- Friday, March 08, 2013
WASHINGTON (AP) – President Barack Obama pressed on with his Republican charm offensive Thursday, holding a White House lunch with House Budget Committee Chairman Paul Ryan in an effort to soften the ground for potential talks on a long-term deficit reduction deal.
- Saturday, February 23, 2013
Make-A-Wish Mid-South will host Wine for Wishes Thursday, Feb. 28, from 6:30 p.m. to 9:30 p.m. at The Cadre, 149 Monroe Ave. The fundraiser will include food and wine pairings, a silent auction and live music by The Will Tucker Band. Visit midsouth.wish.org.
5. CREW Memphis Hosts National Leadership Summit
- Tuesday, January 29, 2013
The 2013 Commercial Real Estate Women Network National Winter Leadership Summit and Council Meeting will take place this week at The Peabody hotel, as women in the industry network, learn more about Memphis and help the local chapter build its brand within the Memphis-area market.
6. Top White-Collar Crime Prosecutor Getting SEC Job
- Friday, January 25, 2013
WASHINGTON (AP) – President Barack Obama will nominate former U.S. attorney Mary Jo White, who built a reputation prosecuting white-collar crimes, to lead the Securities and Exchange Commission, an agency that has a central role in implementing Wall Street reform.
7. McLain Joins Counterpart in Copywriting Role
- Wednesday, January 09, 2013
Rebekah McLain has joined Counterpart Communication Design as copywriter. In her new role, McLain will write copy for print and websites, with areas of expertise including higher education, security and disability law, neuropsychology and hospitality.
8. McLaughlin Joins Inferno as Senior Copywriter
- Wednesday, January 02, 2013
Trish McLaughlin has joined inferno as senior copywriter. In her new role, McLaughlin supervises the copywriting department, pairing up writers with art directors and project teams, and reviewing copy for message, voice and strategic focus. In addition, she coaches young writers in strategic thinking, concepting, editing and presenting.
9. Midtown Momentum
- Saturday, December 22, 2012
The Midtown real estate market has long been an anomaly compared to its Bluff City counterparts, with fundamentals as diverse as its demographics.
“The types of real estate that you’ll find in Midtown can be some of the most expensive or some of the most modest when it comes to prices and facility,” said Gary Myers of Gary Myers Co. “Retail in particular.”
10. Haslam: Tennessee Will be Part of National Gun Debate
- Tuesday, December 18, 2012
NASHVILLE (AP) – Gov. Bill Haslam said Monday that he expects the Connecticut elementary school massacre to stir new debate in Tennessee about gun laws, as well as better ways to help those with a mental illness.
11. Levenger Leases Up EastPark IV
- Friday, December 14, 2012
A Delray Beach, Fla.-based specialty retail company is relocating its Memphis distribution warehouse within the Southeast submarket.
Levenger has inked 96,400 square feet in EastPark Distribution Center IV, 5265 Hickory Hill Road, bringing the 372,800-square-foot building to full occupancy. Levenger also has an operation at 3530 E. Raines Road.
12. Hickory Hill Warehouse Sells for $15.7 Million
- Tuesday, December 11, 2012
6380 Holmes Road Memphis, TN 38141
Sale Amount: $15.7 million
Sale Date: Dec. 5, 2012
13. Local Logistics Firms Expand Medical Real Estate Offerings
- Monday, December 03, 2012
Memphis area industrial brokers are reporting an increase in activity with third-party and proprietary logistics companies involved in distribution of medical/pharma-related product.
During the second half of this year, several local companies have inked new leases that will expand their overall space in the Memphis area, creating new jobs in the process.
14. $3.5 Million McVay Station Begins
- Tuesday, November 27, 2012
Three Class A speculative office buildings have broken ground in Germantown at McVay Road and Poplar Pike.
The $3.5 million development, named McVay Station Professional Center, is by Jason Speed, local developer and contractor whose claim to fame was Corporate Gardens, a $24 million, 148,000-square-foot retail and office park delivered in 2001 on 14 acres at Forest Hill Irene Road and Poplar Pike.
15. Training Day
- Monday, November 19, 2012
The pursuit of economic development comes with code names, secrecy and mysterious visitors.
Without a doubt, the last two years have been eventful when it comes to the city’s civic leaders luring companies to town with the promise of jobs for Memphians. In that regard, the local debate about tax incentives and the competition with other cities, some nearby, was vigorous.
16. Lease Brings New Breed Footprint to 3 Million Feet
- Friday, October 12, 2012
New Breed Inc. is enhancing its Memphis operations with a new distribution warehouse lease in the Southeast industrial submarket.
17. Levine Named President of Southern Growth Studio
- Wednesday, October 10, 2012
Mark Levine has joined Southern Growth Studio as president. In his role, Levine leads the firm’s Strategic Analysis team and plays a key part in the company’s culture, business development and client relationship management.
18. No Regrets as Kernell Exits 38 Years in Nashville
- Tuesday, August 07, 2012
When Mike Kernell first took his seat in the House chamber in Nashville he had just turned and he was a political newcomer inspired to run for office in the wake of the assassination of Dr. Martin Luther King Jr. just six years earlier.
19. Capital One to Pay $210M Over Marketing Tactics
- Thursday, July 19, 2012
WASHINGTON (AP) — The Obama administration's consumer watchdog agency flexed its enforcement muscles for the first time Wednesday and ordered Capital One Bank to repay millions of credit card customers allegedly tricked into buying costly add-on services.
20. Denver REIT Buys Industrial Portfolio for $24M
- Wednesday, July 18, 2012
Denver-based Industrial Income Trust Inc. has bought an 890,000-square-foot industrial portfolio in Southeast Memphis from CRP Holdings B LP for $24.3 million. The purchase, recorded under the entity IIT Memphis IC LLC on the Shelby County Register of Deeds, includes various lots in Memphis Distribution Center.
21. StyleCraft Signs Lease At Airways Building E
- Friday, July 13, 2012
Home decor company StyleCraft Home Collection Inc. has signed a 167,600-square-foot lease at Industrial Developments International’s Airways Distribution Center Building E.
22. Exeter Closes On Acquisition Of ProLogis Properties
- Friday, June 15, 2012
Pennsylvania-based Exeter Property Group has closed on its acquisition of 10 Memphis-area industrial buildings for $40 million from San Francisco-based ProLogis Inc.
23. CEVA Logistics Renews in Southeast Memphis
- Monday, June 11, 2012
CEVA Logistics U.S. Inc. renewed a 648,750-square-foot lease at 5166 Pleasant Hill Road in Southeast Memphis.
24. Fla. Company Buys Cordova Retail Center
- Friday, June 08, 2012
Coral Springs, Fla.-based Swiss Capital Group LLC has acquired The Shops of Woodland Hills in Cordova for $3.1 million.
25. Commercial Advisors Lists Former Hamilton Beach Site
- Thursday, June 07, 2012
Cushman & Wakefield/Commercial Advisors LLC has been awarded listing and management of the 900,000-square-foot industrial space at 5461 Davidson Road, the largest vacancy in the Memphis market.
26. Commercial Advisors Awarded Industrial Listing
- Wednesday, June 06, 2012
Cushman & Wakefield/Commercial Advisors Asset Services LLC has been awarded listing and management of the 900,000-square-foot industrial space at 5461 Davidson Road, the largest vacancy in the Memphis market.
27. Georgia 3PL Growing Its Area Footprint
- Friday, May 18, 2012
A Savannah, Ga.-based third-party logistics firm is seeing rapid expansion in the Southeast Memphis industrial market after its local entrance less than a year ago.
Coastal Logistics Group Inc. has signed a 50,000-square-foot lease extension at 5715 Distribution Drive, bringing its Memphis footprint to 100,000 square feet. The company inked its initial 50,000-square-foot warehouse lease in June.
28. Memphis in May Symbolizes City
- Monday, May 07, 2012
Japan was the first country honored by the Memphis in May International Festival.
The reason was simple. The Sharp Manufacturing plant had just opened in the then-remote Hickory Hill area of Shelby County, making televisions and microwave ovens.
29. White Joins BankTennessee As Mortgage Specialist
- Wednesday, April 25, 2012
Judy Sulton White has joined BankTennessee as a mortgage loan specialist. White has worked in the mortgage industry for 30 years and will focus on new-home financing options, mortgage refinances and custom construction loans.
30. Reactions to Schools Legislation Changing in Nashville
- Friday, April 13, 2012
Tennessee legislators from outside Shelby County got a look at where the Shelby County schools reformation discussion was in January this week on Capitol Hill in Nashville.
And they didn’t like the idea that their counties could be living with Shelby County rules.
31. House Ready to Consider Insider Trading Ban
- Monday, February 06, 2012
WASHINGTON (AP) – Legislation that would ban insider trading by lawmakers and thousands of executive branch officials headed for what could be a more contentious debate in the House after sailing through the Senate on a 96-3 vote.
32. Grinding it Out
- Monday, February 06, 2012
After most recessions, real estate bounces back.
But the Great Recession has been notably different – long, deep and very prolonged.
That’s the message Dr. John Gnuschke, director of the Sparks Bureau of Business and Economic Research and co-director of the Center for Real Estate at the University of Memphis, delivered in December at the Urban Land Institute’s Real Estate Outlook for the Mid-South.
33. That's a Wrap
- Monday, January 02, 2012
If the grand sweep of 2011 could be captured on celluloid and presented to an audience on the big screen, all the components of a great film would be readily apparent.
There was drama, in the form of a deluge and historic flooding that led the Mississippi River to crest at nearly 48 feet early in the year. One of the year’s big surprises saw President Barack Obama give the commencement address for the Booker T. Washington High School class of 2011 at the Memphis Cook Convention Center.
34. Prolonged Recession
- Monday, December 26, 2011
In the words of Phil Woodard, an owner of multiple residential and commercial properties in Downtown Memphis, breaking even is the new profit.
Or as national real estate expert Jonathan Miller said earlier this month at the Urban Land Institute’s Real Estate Outlook for the Mid-South, “We cannot expect to make money the way we did a few years ago.”
35. Harbor Town Apts. Sell For $31.5M
- Friday, December 23, 2011
Dallas-based Behringer Harvard has acquired the Arbors Harbor Town Apartments – a 345-unit multifamily community in Harbor Town on Mud Island – for $31.5 million, or $91,304 per unit.
36. Willow Lake Apartments Fetch $7.8M
- Thursday, November 24, 2011
A North Hickory Hill apartment complex has traded hands for the second time in 18 months.
Bloomington, Minn.-based New Life Core Willow Lake LLC has bought Willow Lake Apartments at 2774 Mendenhall Road from NW-Willow Lake LLC for $7.8 million. The purchase was financed with a $7 million loan through KeyBank NA.
37. Memphian Cobb Joins MIFA As Meals on Wheels Director
- Wednesday, November 02, 2011
Trentwood Cobb has joined Metropolitan Inter-Faith Association as director of MIFA Meals on Wheels, which provides hot meals to senior citizens in the greater Memphis area.
38. Defense Depot Property Sells for $1.1 Million
- Tuesday, October 04, 2011
2085 W.E. Freeman Drive
Memphis, TN 38114
Sale Amount: $1.1 million
Sale Date: Sept. 14, 2011
Buyer: Varma Family LP
- Tuesday, September 27, 2011
The Memphis Claims Association will meet Tuesday, Sept. 27, at 5:15 p.m. at Side Street Grill, 31 Florence St. The topic discussed will be furniture and cabinet damage claims. Cost is $25 for members and $35 for guests.
40. Emerald Apts. Suit Settled, Properties Resold
- Thursday, August 04, 2011
A $28 million lawsuit involving a trio of apartment complexes in Southeast Memphis settled on undisclosed terms last week, around the same time the original owner bought the properties back through three multimillion-dollar warranty deeds.
41. CRE Sales Increase 20 Percent In June
- Tuesday, August 02, 2011
Local commercial real estate sales improved in all categories last month, strongly aided by two big-ticket multifamily sales.
Shelby County saw 53 CRE sales in June, a 20 percent increase from 44 sales in June 2010, and a 4 percent boost from 51 in May, according to the latest information from real estate information company Chandler Reports, www.chandlerreports.com.
42. Preserve at Forest Creek Sells for $45.5M
- Monday, July 04, 2011
A Class A apartment community in the Germantown/Collierville submarket has traded hands for $45.5 million – marking the largest multifamily sale in three years.
Preserve at Forest Creek Apartments sold on Wednesday, June 29, for $109,900 per unit to Carter-Haston Real Estate Services Inc.
43. Memphis Pride Signs Lease At Trinity Ridge
- Friday, May 06, 2011
An up-and-coming Mid-South cheer and tumbling company has signed a new lease to expand its business, a move that will benefit the facility’s students and parents alike.
Memphis Pride is relocating from a 5,000-square-foot space in Cordova Industrial Park to 16,080-square-foot lease at 7740 B Trinity Road, suite 126.
44. MBIN Signs New Lease At Bellbrook Park
- Friday, April 22, 2011
A Memphis-based wholesaler of collectable items has signed a new industrial lease in the Southwest submarket.
MBIN Global Inc. has signed a new lease for 26,250 square feet at Bellbrook Industrial Park, 1004 Brooks Road.
45. Cabot Affiliate Buys Airport Industrial Warehouse
- Tuesday, April 12, 2011
3924 Crowfarn Drive
Memphis, TN 38118
Sale Amount: $2.2 million
Sale Date: March 28, 2011
Buyer: Cabot III-TN1M01 LLC
Seller: MM Industrial Memphis LLC
46. Tea Party Rallies to Keep GOP Cutting Spending
- Friday, April 01, 2011
WASHINGTON (AP) – The tea partyers who helped drive GOP gains in the last election rallied in the city they love to hate Thursday, urging Republican House leaders – Speaker John Boehner above all – to resist the drive toward compromise in the protracted fight over the federal budget. Even, they say, if that means Congress fails to do its most important job: pay for the government.
47. Hickory Hill Apartments Sell for $10M
- Friday, March 25, 2011
Three apartment communities in the Hickory Hill Road/Knight Arnold Road area have sold for a combined price of $10 million.
Tommy Bronson III and Blake Pera with CB Richard Ellis Memphis’ multifamily division represented Hallmark Capital in the sale to Bellevue, Wash.-based Emerald Apartment Group. Wilson Management Inc., the managing entity behind Emerald Apartment Group, will retain and manage the properties.
48. Business Park Slated for Auction Block
- Tuesday, February 15, 2011
In the past five years, real estate foreclosures have run the gamut from hospitality to retail to multifamily to high-end residential to industrial.
As the commercial market in particular continues to be plagued with record-high vacancies and downward pressure on rental rates, investors are feeling the brunt of the crisis.
49. Menlo Deal Tops Noteworthy Leases
- Thursday, December 30, 2010
The Daily News in September launched a new weekly column called “Inked” to spotlight Memphis’ commercial leasing landscape.
Despite tough times, local commercial real estate firms were able to ink plenty of deals in the past four months. Here’s a rundown of some of the most noteworthy commercial leases since Inked’s debut:
50. Apartment Optimism
- Thursday, December 30, 2010
Apartment owners and operators in the Memphis market forecast a bright 2011, boosted by a continued weak homebuying landscape and a lack of new multifamily product coming online within the market.
“2010 was certainly an improvement for the multifamily sector – both in operations and in sales – over 2009, and we expect to see more of the same next year,” said Blake Pera, senior vice president of CB Richard Ellis Memphis’ multifamily division. “Most operators experienced comfortable revenue growth throughout the year, and there is some positive momentum in continued stable occupancy and concession burn-off next year with the lack of new supply hitting the market.”
51. MMBC Honors Minority Business Achievements
- Tuesday, November 23, 2010
The new chairman of the Greater Memphis Chamber told attendees at the annual Mid-South Minority Business Council awards luncheon that minority business is about more than “the spend.”
The term came up frequently at last week’s luncheon where the organization presented the 25th annual Robert R. Church Achievement Awards.
52. MMBC Honors Minority Biz Achievements
- Monday, November 22, 2010
The new chairman of the Greater Memphis Chamber told those at the annual Mid-South Minority Business Council awards luncheon that minority business is about more than “the spend.”
The term came up frequently at Friday’s luncheon where the organization presented the 25th annual Robert R. Church Achievement Awards.
53. Evolve Systems Grows Memphis Location
- Friday, November 19, 2010
Evolve Digital Media has more than doubled its Memphis location at Apple Tree Center in Hickory Hill.
The Memphis-based company expanded its lease from 2,520 to 6,327 square feet at 6073 Mount Moriah Road Extended. Tyler Tapley, associate with CB Richard Ellis Memphis, represented the landlord, Apple Tree Center Partnership.
54. Bernanke: Bond-Buying Plan Could Create 700K Jobs
- Thursday, November 18, 2010
WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke told lawmakers on Capitol Hill that the Fed's $600 billion economic aid program could create 700,000 jobs over two years.
Bernanke made the comments during a private meeting Wednesday with members of the Senate Banking Committee, according to Sen. Richard Shelby, R-Ala., and others who attended the meeting. Bernanke was citing research done by the Federal Reserve Bank of Boston.
55. Pet Hospital Signs Lease at Corner Shops
- Friday, November 05, 2010
A new pet hospital is among the most recent tenants at The Corner Shops of Canada Road.
The Lakeland Pet Hospital signed a new 3,850-square-foot lease in the 32,500-square-foot center, at the northwest corner of U.S. 64 and Canada Road in Lakeland.
56. Omni Visions Deal Headlines Leasing Activity
- Friday, October 29, 2010
Omni Visions Inc. recently signed a new lease at Kirby Gate Business Campus, 2725 Kirby Parkway, for 3,523 square feet.
57. Kennedy Gives Back to U of M School of Law
- Thursday, September 16, 2010
When it comes to his inspiration for entering the legal profession, David S. Kennedy, chief judge of the U.S. Bankruptcy Court for the Western District of Tennessee, gives a nod to his father and to Atticus Finch, Harper Lee’s stalwart symbol of fairness for a generation in her novel “To Kill A Mockingbird.”
58. AP Survey: A Bleaker Outlook for Economy into 2011
- Friday, July 30, 2010
WASHINGTON (AP) – The U.S. economic recovery will remain slow deep into next year, held back by shoppers reluctant to spend and employers hesitant to hire, according to an Associated Press survey of leading economists.
59. Arbors Of River Oaks Sells for $16.3 Million
- Wednesday, June 16, 2010
An out-of-town company has pulled the trigger on the largest multifamily deal of 2010 with the $16.3 million purchase of the Arbors of River Oaks.
Trade Street Capital LLC of Miami bought the 191-unit Class B complex at 6369 Humphreys Blvd. in River Oaks from The Shoptaw Group of Atlanta.
60. New York Company Buys Gardenwood Apartments
- Tuesday, June 01, 2010
4975 Hoover Drive
Memphis, TN 38128
Sale Amount: $2.9 Million
Sale Date: May 17, 2010
Buyer: Gardenwood Apartments LLC
Seller: Bank of America NA
Loan Amount: $2.2 million
Loan Date: May 17, 2010
Maturity Date: N/A
Lender: Bloomfield Capital Partners Fund III LLC
61. Republicans Pick Tampa for 2012 Convention
- Thursday, May 13, 2010
OXON HILL, Md. (AP) — Republicans choose Tampa as the site of their 2012 presidential convention, hoping the swing state of Florida will help them defeat President Barack Obama.
A Republican National Committee panel recommended the Gulf Coast city during a closed-door meeting, rejecting Salt Lake City and Phoenix. The decision came amid calls from Hispanic groups and others to boycott Arizona after it adopted a law to crack down on illegal immigrants.
62. FDIC Proposes New Rules on Asset-Backed Securities
- Wednesday, May 12, 2010
WASHINGTON (AP) — Federal banking regulators on Tuesday proposed stricter rules for banks that create asset-backed securities, the bundles of loans that helped spark the market collapse in 2008 and the near-meltdown of the financial system.
63. Philly Company Works to Stabilize Apartment Community
- Tuesday, April 27, 2010
Eight months after Philadelphia-based Resource Real Estate bought the Wyndridge Apartments in Hickory Hill, the company’s property management arm, Resource Residential, has made significant progress on a $3.6 million overhaul of the complex.
64. Proposal Opposes Federally Mandated Health Plans
- Wednesday, April 14, 2010
NASHVILLE (AP) – Tennessee lawmakers against a resolution that opposes federally mandated health care initiatives said Monday it’s unnecessary because of the recent passage of President Barack Obama’s reform legislation.
65. Tricky Market
- Tuesday, April 13, 2010
Because loan defaults are a common occurrence in this difficult financial climate, last week’s news that the 306-unit Preserve at Southwind Apartments had been foreclosed could easily be chalked up to a case of “another one bites the dust.”
66. Philadelphia-Based Investor Buys Waterstone Landing Apartments
- Wednesday, March 24, 2010
The Memphis multifamily market remains attractive to Resource Real Estate Inc., which has bought its second apartment complex here.
67. Negative Absorption Dings Market
- Tuesday, February 23, 2010
The strength of Memphis’ commercial real estate market is its industrial sector, but the city’s bread and butter suffered a rare misstep in 2009, the most recent data show.
Memphis saw negative absorption of 352,797 square feet during the fourth quarter and negative absorption of 913,871 during 2009, according to a year-end report from CB Richard Ellis.
68. NuVasive Files Permit To Renovate Facility
- Tuesday, February 02, 2010
NuVasive Inc. has filed a $1.6 million permit application with the city-county Office of Construction Code Enforcement to renovate its building at 4670 E. Shelby Drive in the Oakhaven/Village Parkway area.
69. Sale Could Bring Improvements To Bella Vista
- Friday, January 15, 2010
Like many projects companies launched before the recession hit, the plan for rejuvenating the 432-unit Bella Vista Apartment Homes in Hickory Hill began with such promise.
In March 2007, a newly formed company, Maple Creek Advisors LLC of Dallas, made its first multifamily acquisition with plans to invest $4 million of renovations in the property.
- Monday, January 04, 2010
Is it over yet? That may be the most frequently asked question in the New Year. “It” is the worst national economic recession since the Great Depression.
Accurately reading the indicators will not be easy. Some will predict the recession is about to end, just as new indicators point to continuing economic agony for thousands of Memphians.
71. Conwood Acquisition Helps Salvage November Commercial Sales
- Thursday, December 24, 2009
A single, high-dollar transaction helped salvage November’s commercial sales total, accounting for half of the dollar volume last month. Beyond that, the most noteworthy trend to arise from the most recent data was a dearth of activity as Shelby County nears the end of 2009 – the slowest year for commercial transactions in at least two decades.
72. Obama to Banks: Ease Lending to Businesses
- Tuesday, December 15, 2009
WASHINGTON (AP) - President Barack Obama challenged top bankers Monday to explore "every responsible way" to increase lending, saying they were obliged to help after being rescued by taxpayers. He asked them to "take a third and fourth look" at their small-business lending.
73. High-Dollar Deal Boosts Commercial Real Estate
- Tuesday, October 27, 2009
Following what has become a pattern, the local commercial real estate market in September was salvaged by one large deal that offset an otherwise dreary month.
This time it was Resource Real Estate Inc. to the rescue. The Philadelphia-based company bought the Wyndridge Apartments for $9.5 million Sept. 29 and carried the weight for Shelby County’s commercial activity during the month.
74. Q3 Multifamily Occupancy, Absorption Rates Improve
- Friday, October 09, 2009
The Memphis multifamily market fared well during the third quarter amid a difficult economy, as occupancy rates and absorption improved, according to the latest data from CB Richard Ellis Memphis.
75. New Owner Hopes to Improve Apartment Complex
- Tuesday, October 06, 2009
Philadelphia-based Resource Real Estate Inc. has pulled the trigger on Shelby County’s third-largest commercial real estate deal of the year, paying $9.5 million for the Wyndridge Apartments in a special warranty deed.
76. Senate Bill Could Weaken the Fed
- Tuesday, September 22, 2009
WASHINGTON (AP) - Consensus is building in the Senate for legislation that would significantly weaken the Federal Reserve by stripping its power to oversee banks and hand that job to a single federal bank regulator.
77. Le Bonheur Files Permit For FedExFamilyHouse
- Tuesday, September 22, 2009
918 Poplar Ave.
Memphis, TN 38105
Permit Amount: $5.2 Million
Project Cost: $5.2 million
Permit Date: Applied September 2009
Completion: Fall 2010
Owner: Le Bonheur Children’s Medical Center
Contractor: Montgomery Martin Contractors LLC
Architect: Looney Ricks Kiss Architects Inc.
78. A River Runs Through Us: Memphis’ once and future connection with the Wolf
- Monday, September 07, 2009
A cottonmouth slithers through the marsh. A wolf spider clings to a cypress tree. A white heron soars above the bottomland forest.
Paddle a canoe down the Ghost River section of the Wolf River in Fayette County and you’ll travel through multiple, distinct ecosystems teeming with wildlife. But while animal sightings convey the true spirit of the Wolf, only one creature – the elusive “river rat” – can verbalize why this river and its wetland corridor are so important.
79. Fed Says Economy Leveling Out; Rates Stay at Lows
- Friday, August 14, 2009
WASHINGTON (AP) – The Federal Reserve Wednesday delivered a vote of confidence in the economy, saying it would slow the pace of an emergency rescue program and indicating the recession appears to be ending.
80. Sotomayor Picks Up More GOP with Confirmation Near
- Thursday, August 06, 2009
WASHINGTON (AP) - Supreme Court nominee Sonia Sotomayor picked up more Republican support Wednesday in her drive toward near-certain Senate confirmation this week as the first Hispanic justice, even as the vast majority of the GOP called her unfit for the bench.
81. Bernanke Faces More Tough Questions in Congress
- Thursday, July 23, 2009
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke ran into more tough questions Wednesday in Congress Hill about the central bank's extraordinary actions to rescue the U.S. economy and its ability to take on even more responsibility.
82. JPMorgan Profit Surges on Investment Banking Gains
- Friday, July 17, 2009
CHARLOTTE, N.C. (AP) - The banking industry has another winner.
JPMorgan Chase & Co. reported a 36 percent jump in second quarter profits Thursday, easily surpassing analysts' forecasts as huge gains in its investment banking business outweighed higher losses from bad loans.
83. Senate Questions Obama's Financial Oversight Plan
- Friday, June 19, 2009
WASHINGTON (AP) - President Barack Obama's plan to increase oversight of U.S. banks and other financial institutions met with skepticism on Capitol Hill on Thursday, where senators sharply questioned whether it was enough to prevent another economic meltdown.
84. Outside Interests Local Sector’s Biggest Benefactors
- Friday, June 19, 2009
As the real estate slump toils on, a Chicago-based company has proven to be a savior of sorts for the local industrial sector.
HSA Commercial Real Estate, already a player in the local market, continued its investments here by pulling the trigger on three of the four most lucrative deals in Shelby County during the past year, all of them in the Oakhaven/Parkway Village area.
85. Historic Anti-Smoking Vote to Give FDA New Power
- Friday, June 12, 2009
WASHINGTON (AP) - Congress struck the government's strongest anti-smoking blow in decades Thursday with a Senate vote to give regulators new power to limit nicotine in cigarettes, drastically curtail ads and ban candied tobacco products aimed at young people.
86. Industrial Real Estate Shows Rare Q1 Weakness
- Tuesday, May 05, 2009
Industrial real estate in many ways is the backbone of Memphis’ economy, providing warehouse and distribution space to the myriad transportation companies that move freight in and out of the city.
That sector began 2009 by showing rare signs of weakness, suffering its first three-month period of negative absorption since late 2007. The Memphis Metropolitan Statistical Area saw a loss of 521,677 square feet in the first quarter, according to quarterly data released last week by the Memphis office of CB Richard Ellis.
87. AIG Bonuses Won't Stand, Dem Senators Declare
- Wednesday, March 18, 2009
WASHINGTON (AP) - Talking tougher by the hour, livid Democrats confronted beleaguered insurance giant AIG with an ultimatum Tuesday: Give back $165 million in post-bailout bonuses or watch Congress tax it away with emergency legislation.
88. Aldi Inc. Buys Land For Collierville Store
- Tuesday, January 13, 2009
523 W. Poplar Ave.
Collierville, TN 38017
Sale Amount: $1 Million
Sale Date: Nov. 25, 2008
Buyer: Aldi Collierville LLC
Seller: Martin and Mildred Tippit
89. Citi Reaches Deal with Lawmakers on Home Loans
- Friday, January 09, 2009
WASHINGTON (AP) - Democratic lawmakers have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures and urged other lenders to follow suit.
90. Hickory Pointe Sells For $5.8M to Utah Investor
- Friday, January 09, 2009
The Hickory Pointe Apartments at 2775 Hickory Pointe Lane in Hickory Hill has sold for $5.8 million in a substitute trustee’s sale to Hickory Pointe Apartments Utah LLC, an affiliate of Salt Lake City-based Capital Growth Corp.
91. Pawnshops Clients Today are Driving BMWs
- Friday, January 02, 2009
PHILADELPHIA - At Society Hill Loan, a pawnshop in a middle-class neighborhood here, a steady rain fell outside as a fashionably dressed young man parked his Cadillac Escalade outside. Looking around warily, he came in to speak with Nat Leonard, co-owner of the store.
92. Where’d the Bailout Money Go? Shhhh, It’s a Secret
- Tuesday, December 23, 2008
WASHINGTON (AP) – Think you could borrow money from a bank without saying what you were going to do with it? Well, apparently when banks borrow from you, they don’t feel the same need to say how the money will be spent.
93. Fannie, Freddie Execs Ignored Warnings
- Wednesday, December 10, 2008
WASHINGTON (AP) – Top executives at mortgage finance companies Fannie Mae and Freddie Mac ignored warnings that they were taking on too many risky loans years before the housing market plunged, according to documents released Tuesday by a House committee.
94. Chicago Company Buys Again In Memphis
- Tuesday, December 02, 2008
A Chicago real estate firm has bolstered its Memphis presence with another industrial acquisition, its fourth high-dollar deal in the past couple of years.
HSA Commercial Real Estate, operating locally as Memphis Air Trans LP, has bought the 342,860-square-foot, one-story warehouse at 4219 Air Trans Road for $8.4 million, proving that it remains bullish on this market.
95. Exec Pay Limits Gain Support as Bailout Questioned
- Thursday, September 25, 2008
WASHINGTON (AP) - Executives whose companies get a piece of the $700 billion government bailout will have their pay packages strictly limited under proposals that are broadly supported by both Republicans and Democrats in Congress.
96. FDIC Chief Wants Home Loans Part of Bailout Plan
- Wednesday, September 24, 2008
WASHINGTON (AP) - As Congress moves on the financial bailout plan, restructuring of troubled mortgages should be part of the final package, the head of the Federal Deposit Insurance Corp. said Tuesday.
97. Paulson Urges Quick Action on $700B Bailout
- Tuesday, September 23, 2008
WASHINGTON (AP) – The Bush administration insisted Sunday that Congress must move quickly to approve what one lawmaker called the “mother of all bailouts” – a $700 billion proposal to buy a mountain of bad mortgage debt in an effort to unfreeze the nation’s credit markets.
98. Commercial Real Estate Tumbles
- Friday, August 22, 2008
After a prolonged and prosperous ride, commercial real estate stumbled in the past year with no signs of regaining its balance anytime soon.
Just 998 commercial sales were made in Shelby County from August 2007 through July 2008, down 17.6 percent from 1,211 sales during the previous 12-month period, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
99. Mercedes Benz of Memphis To Renovate Dealership
- Tuesday, July 29, 2008
5389 Poplar Ave.
Memphis, TN 38119
Permit Cost: $2 million
Project Cost: $3 million
Permit Date: July 24, 2008
Completion: Spring 2009
Owner: Mercedes Benz of Memphis
Tenant: Mercedes Benz of Memphis
Architect: Fleming and Associates LLP
Contractor: Montgomery Martin Contractors LLC
Details: Mercedes Benz of Memphis will do a renovation of its location on Poplar Avenue just east of Estate Drive. Richard Meena, vice president of Montgomery Martin Contractors, said they will be adding a new showroom and a new car wash, as well as performing general site work improvements, including some additions to the parking lot.
100. House OKs Rescue for Homeowners, Freddie, Fannie
- Friday, July 25, 2008
WASHINGTON (AP) - Rescue legislation sailed through the House on Wednesday aimed at helping 400,000 strapped homeowners avoid foreclosure and preventing the collapse of troubled mortgage companies Fannie Mae and Freddie Mac.