Editorial Results (free)
1. Harold Ford Sr. Buys Sycamore View Property
- Tuesday, April 16, 2013
1670 Sycamore View Road Memphis, TN 38134
Sale Amount: $1.8 million
Sale Date: April 8, 2013
2. Cordova Ridge Shops Sells for $1.8 Million
- Thursday, April 11, 2013
An affiliate of Norcross, Ga.-based Safeway Group Inc. has paid $1.8 million for Cordova Ridge Shops, a retail shopping center at 1204 Houston Levee Road in unincorporated Cordova.
3. Berclair Dollar General Sells for Almost $1 Million
- Tuesday, March 26, 2013
3443 Jackson Ave., Memphis, TN 38122
Sale Amount: $971,000
Sale Date: March 14, 2013
Buyer: VM Property Investments LLC
Seller: Ware Properties LLC
Loan Amount: $679,700
Loan Date: March 14, 2013
Maturity Date: N/A
Lender: US Bank NA
Details: The 9,160-square-foot Dollar General store at 3433 Jackson Ave. in Berclair has sold for $971,000.
4. Partnership Files Loan on Industrial Portfolio
- Friday, March 22, 2013
The new owner of an industrial portfolio in Oakhaven has filed a $6 million loan through PNC Bank NA on the properties.
5. Lender Processing Paying $121 Million to Resolve Claims
- Friday, February 01, 2013
One of the biggest U.S. mortgage processing companies has agreed to pay $121 million to resolve states' claims that it wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.
6. Panda to Build Restaurant On Winchester Outparcel
- Monday, September 03, 2012
7525 Winchester Road
Memphis, TN 38125
Permit Cost: $791,345
Project Cost: N/A
7. Cordova Ridge Shops Sells for $2 Million
- Tuesday, August 28, 2012
An affiliate of Dallas-based CWCapital Asset Management LLC has paid $2 million for Cordova Ridge Shops, a retail shopping center at 1204 Houston Levee Road in unincorporated Cordova.
8. Cordova Ridge Shops Facing Foreclosure
- Wednesday, August 01, 2012
Cordova Ridge Shops, a Class A retail center on North Houston Levee Road, is facing foreclosure after its Nashville-based owner defaulted on a $3.3 million loan, according to a first-run foreclosure notice in the Aug. 1 Daily News.
9. Weak Hiring Shows Economy Still Hurting
- Monday, July 09, 2012
WASHINGTON (AP) – A third straight month of weak hiring shows the U.S. economy is still struggling three years after the recession officially ended.
U.S. employers added just 80,000 jobs in June, and the unemployment rate was unchanged at 8.2 percent, the Labor Department said Friday.
10. First Horizon Likely to Post Negative Q2
- Monday, July 09, 2012
The Memphis-based parent company of First Tennessee Bank is likely to break a string of profitable quarters when the company makes its second-quarter earnings presentation in a few weeks.
11. Closing Bank Account Will Cost You, Group Finds
- Thursday, May 31, 2012
It could cost as much as $55 to close your bank account.
That's the finding of the advocacy group Consumers Union. The group surveyed the 10 largest banks in the country, including JPMorgan Chase, Bank of America, Citibank and Wells Fargo.
12. MAA Announces Closing of Unsecured Term Loan
- Tuesday, March 06, 2012
Memphis-based apartment-only real estate investment trust MAA announced Monday, March 5, the closing of a $150 million unsecured term loan agreement with a five-year term. Proceeds from the term loan will be used to repay outstanding balances on a secured line of credit.
13. Big Banks Must Show Break-Up ‘Living Wills’ Under New Rule
- Wednesday, January 18, 2012
WASHINGTON (AP) – The largest banks must show how they would break up their assets if they were in danger of failing, under a rule approved Tuesday, Jan. 17.
The Federal Deposit Insurance Corp. voted to require banks with $50 billion or more in assets to submit so-called living wills. Seven banks with more than $250 billion in assets will have to show their plans by July. The other 30 affected by the rule have until 2013.
14. Education Realty Trust Closes Common Stock Offering
- Thursday, November 10, 2011
Education Realty Trust Inc. has closed its underwritten public offering of 14.4 million shares of common stock, including 1.9 million shares purchased by the underwriters pursuant to an overallotment option, the company announced Tuesday, Nov. 8.
15. Fed-Up Consumers Planning for 'Bank Transfer Day'
- Monday, November 07, 2011
NEW YORK (AP) – It's moving day for bank customers.
A grassroots movement that sprang to life last month is urging bank customers to close their accounts in favor of credit unions by Saturday.
16. Banks Scramble to Make Up for Lost Debit Card Fees
- Monday, November 07, 2011
NEW YORK (AP) – After an intense public backlash, Bank of America and other banks have backed off charging monthly debit card fees.
It's a victory for angry customers and consumer advocates. But the move will be costly for banks. They are scrambling for ideas on how to make up for lost revenue at a time when interest rates are at rock bottom and there's little demand for loans, the traditional source of making profits for banks.
17. A Summer Many Investors Would Rather Forget
- Monday, October 03, 2011
NEW YORK (AP) – It was a stomach-churning summer that most investors would like to forget.
The United States lost its top-of-the-line credit rating for the first time. The financial system of Europe seemed ready to collapse. Money managers sifted through data for signs that the economy was about to slide into a new recession.
18. Citi to Raise Monthly Fees on Checking Accounts
- Monday, September 19, 2011
Citi is raising the monthly fee on its basic checking account.
The new fee will be $10, up from the previous $8.
At the same time, the bank said Friday that it will waive fees and offer bigger rewards if customers sign up for more services. The changes reflect a broader industry push to deepen relationships with customers and capture more of their business.
19. Wells Fargo Puts an End to Debit Rewards
- Tuesday, August 23, 2011
NEW YORK (AP) – Wells Fargo customers had to see it coming. The San Francisco-based bank says it will end its debit rewards program for existing customers in October. The bank had already ended enrollment in the program to new customers earlier this year.
20. Wells Fargo to Test $3 Debit Card Fee
- Thursday, August 18, 2011
NEW YORK (AP) – Wells Fargo plans to test a $3 monthly fee for its debit cards starting this fall.
The San Francisco-based bank said the fee will be applied to checking accounts opened in five states starting in October. The fee would be in addition to monthly service fees ranging from $5 to $30 that Wells Fargo already charges.
21. Airport Hotel, Conference Center Sells for $4.4M in Foreclosure
- Tuesday, August 16, 2011
2240 Democrat Road
Memphis, TN 38132
Sale Amount: $4.4 million
Sale Date: July 22, 2011
22. Airport-Area Hotel Sells for $4.4M in Foreclosure
- Friday, August 12, 2011
New Jersey-based Alpha Hospitality Ventures LLC has bought Memphis Airport Hotel & Conference Center property at 2240 Democrat Road for $4.4 million at a substitute trustee’s – or foreclosure – sale. The deal closed July 22. The seller was Lloyd C. Kirkland, appointed in June as substitute trustee.
23. $3 Million in Permits Filed For Hacks Cross Buildings
- Tuesday, June 28, 2011
3152 Hacks Cross Road and
3168 Hacks Cross Road
Permit Amounts: $1.4 million (3152 Hacks
Cross); $1.6 million (3168 Hacks Cross)
24. Lakeshore Ventures Finances I-240/Getwell Property
- Tuesday, June 21, 2011
Warren, Mich.-based Lakeshore Ventures LLC has financed five tracts totaling 34.1 acres near Getwell Road and Interstate 240 through PNC Bank NA for $4.3 million.
25. From The TDN Blog: First Horizon ‘Needs to Do a Deal’
- Friday, June 17, 2011
If a tree falls in the forest but no one hears it, of course we know it made a sound. Can the same be said when a group of investors and analysts gathered for a bank industry conference talk among themselves about how a certain Memphis banking company needs to hurry up and spend some money acquiring a competitor, even when that bank isn’t presenting anything at the conference?
26. 5000 E. Raines Warehouse Sells in Foreclosure for $7.7M
- Monday, May 30, 2011
5000 E. Raines Road
Memphis, TN 38118
Sale Amount: $7.7 million
Sale Date: May 13, 2011
Buyer: GECMC 2003-C2 5000 Raines Road LLC
Seller: R. Hunter Humphreys, substitute trustee
Orig. Borrower: 5000 East Raines Partnership
Orig. Lender: Bank of America NA
Orig. Loan Amount: $19 million
Orig. Loan Date: May 1, 2003
Orig. Maturity: June 1, 2013
Details: A 1.1 million-square-foot warehouse at 5000 E. Raines Road has sold at a foreclosure sale for $7.7 million. GECMC 2003-C2 5000 Raines Road LLC bought the property at the May 13 sale.
27. East Raines Warehouse Sells for $7.7M in Foreclosure
- Friday, May 27, 2011
A 1.1 million-square-foot warehouse at 5000 E. Raines Road has sold at a foreclosure sale for $7.7 million. GECMC 2003-C2 5000 Raines Road LLC bought the property at the May 13 sale.
28. Gov't Orders Lenders to Reimburse Homeowners
- Thursday, April 14, 2011
WASHINGTON (AP) — The U.S. government on Wednesday ordered 16 of America's largest mortgage lenders and servicers to reimburse homeowners who were improperly foreclosed upon.
Government regulators also directed the financial firms to hire auditors to determine how many homeowners could have avoided foreclosure in 2009 and 2010.
29. Strategic Move
- Thursday, March 17, 2011
Johnny Moore, the president and CEO of SunTrust Banks’ Memphis division who’s nearing the end of his second year in the role, has been talking for a while about growing the bank’s branch network in the area.
30. Fed Boss: Regulators Looking Into Foreclosure Mess
- Tuesday, October 26, 2010
WASHINGTON (AP) – Federal banking regulators are examining whether mortgage companies cut corners on their own procedures when they moved to foreclose on people's homes, Federal Reserve Chairman Ben Bernanke said Monday.
31. Despite Foreclosure Halt, Mortgage Crisis Not Over
- Wednesday, October 13, 2010
MIAMI (AP) – For most Americans at risk of losing their homes, the brutal business of foreclosure goes on.
Bank of America halted foreclosures across the country to address paperwork problems, but three other banks did so only in 23 states. Other banks holding millions of mortgages have not suspended any foreclosures.
32. Greenbrier Gets Loan for Downtown Project
- Tuesday, October 12, 2010
436 S. Front St.
Memphis, TN 38103
Loan Amount: $2.1 million
Loan Date: Sept. 30, 2010
Maturity Date: n/a
Borrower: Greenbrier Partners LLC
Lender: Southern Bancorp Bank
33. White House Doubts Need to Halt All Foreclosures
- Tuesday, October 12, 2010
WASHINGTON (AP) – A top White House adviser questioned the need Sunday for a blanket stoppage of all home foreclosures, even as pressure grows on the Obama administration to do something about mounting evidence that banks have used inaccurate documents to evict homeowners.
34. Foreclosure Freeze Could Undermine Housing Market
- Tuesday, October 12, 2010
NEW YORK (AP) – Karl Case, the co-creator of a widely watched housing market index, was upbeat three weeks ago. Mulling the economy while at a meeting at a resort near the Berkshires, Case thought the makings of a recovery were finally falling into place.
35. Vineyard Apartments Financed for $12M
- Monday, October 11, 2010
Vineyard Apartments Inc. has financed the 200-unit Vineyard Apartments in Germantown through PNC Multifamily Mortgage LLC. The property sits on 27.2 acres at the southwest corner of Wolf River Boulevard and Riverdale Road at 7109 Vineyard Way.
36. BofA Halts Foreclosures in 50 States
- Monday, October 11, 2010
WASHINGTON (AP) – A mushrooming crisis over potential flaws in foreclosure documents is threatening to throw the real estate industry into chaos, as Bank of America on Friday became the first bank to stop taking back tens of thousands of foreclosed homes in all 50 states.
37. Spike in Layoffs Feeds Fear of Faltering Recovery
- Monday, August 23, 2010
WASHINGTON (AP) – Layoffs are back, and that’s bad news for the fragile economic recovery.
New applications for unemployment benefits hit a nine-month high last week – a spike that suggests private employers may shed jobs this month for the first time this year.
38. Jobless Claims Rise to Highest Level in 9 Months
- Friday, August 20, 2010
WASHINGTON (AP) – Employers appear to be laying off workers again as the economic recovery weakens. The number of people applying for unemployment benefits reached the half-million mark last week for the first time since November.
39. New Home Sales Up, but Sales Remain Slow
- Tuesday, July 27, 2010
WASHINGTON (AP) – Sales of new homes jumped last month, but it was the second-weakest month on record. The lackluster economy has made potential buyers skittish about shopping for homes.
New home sales rose nearly 24 percent in June from a month earlier to a seasonally adjusted annual sales pace of 330,000, the Commerce Department said Monday. May’s number was revised downward to a rate of 267,000, the slowest pace on records dating back to 1963. Sales for April and March were also revised downward.
40. Trade Gap Widens as Imports and Exports Rise
- Wednesday, July 14, 2010
WASHINGTON (AP) — The trade deficit rose in May to an 18-month peak as rising imports offset another solid gain in U.S. exports. The surge in imports was a hopeful sign for the economic recovery because it suggested businesses are optimistic that U.S. consumers will spend more in coming months.
41. Obama Claims Victory In Financial Overhaul Deal
- Monday, June 28, 2010
WASHINGTON (AP) – House and Senate negotiators reached an agreement Friday on legislation that redefines federal oversight of Wall Street and, following the signing of the health care act in March, adds a milestone to mark the Obama presidency.
42. Government Lowers Growth Estimate For 1st Quarter
- Monday, June 28, 2010
WASHINGTON (AP) – The government lowered its estimate of how much the economy grew in the first quarter of the year, noting that consumers spent less than it previously thought.
Gross domestic product rose by an annual rate of 2.7 percent in the January-to-March period, the Commerce Department said Friday. That was less than the 3 percent estimate for the quarter that the government released last month. It was also much slower than the 5.6 percent pace in the previous quarter.
43. Treasury Announces Wells Fargo Warrant Auction
- Thursday, May 20, 2010
WASHINGTON (AP) - The government says it will auction 110.3 million warrants it received from Wells Fargo & Co. as part of its effort to recoup the costs of the $700 billion financial bailout.
44. Home Sales Rise as Unemployment Claims Fall
- Friday, April 23, 2010
WASHINGTON (AP) – Home sales rose sharply last month and claims for jobless benefits fell last week. The two reports Thursday sketched a picture of a modestly improving economy.
Sales of previously occupied homes increased more than expected in March after three straight months of declines, the National Association of Realtors said. The housing market benefited from government incentives that drew in buyers.
45. Employers Added Most Jobs In 3 Years in March
- Monday, April 05, 2010
WASHINGTON (AP) - The nation’s economy posted its largest job gain in three years in March, while the unemployment rate remained at 9.7 percent for the third straight month.
The increase in payrolls is the latest sign that the economic recovery is gaining momentum and healing in the job market is beginning. Still, the healing is likely to be slow, and most economists don’t expect new hiring to be fast enough this year to rapidly reduce the unemployment rate.
46. Fed Holds Rates at Record Lows to Foster Recovery
- Wednesday, March 17, 2010
WASHINGTON (AP) - The Federal Reserve on Tuesday repeated its pledge to hold interest rates at record lows to foster the economic recovery and ease high unemployment.
But the Fed's assessment of the economy was a bit more upbeat. It said the job market is stabilizing. That was an improvement from its January statement, when it said the deterioration in the labor market was abating.
47. Building Permit Brings Wally Joe Restaurant Closer to Reality
- Tuesday, November 03, 2009
690 S. Perkins Road
Memphis, TN 38117
Permit Amount: $800,000
Project Cost: $800,000
Permit Date: Applied October 2009
Completion: Summer 2010
Owner: Wally Joe Realty LLC
Contractor: Day Construction LLC
Architect: Doug Enoch
48. J & J Ventures Files Loan On Hickory Hill Shop
- Thursday, October 29, 2009
The new owner of the auto body shop at 5475 Fox Plaza Drive in Hickory Hill North has filed a $2.3 million loan on the property. J & J Venture Partners LLC, which bought the building in April, filed the loan Oct. 8 through PNC Bank NA.
49. Where Will Banks Make Up Lost Overdraft Fees?
- Thursday, September 24, 2009
NEW YORK (AP) — Banks are backing off harsh overdraft fees and policies. That's the good news. The bad news is they'll probably look to make up that lost profit elsewhere.
It's a worrisome prospect for the vast majority of customers who never overdraw their funds and have grown accustomed to perks like free checking accounts.
50. Mortgage Aid Program Helping Fraction of Borrowers
- Wednesday, August 05, 2009
WASHINGTON (AP) – The government’s $50 billion program to ease the foreclosure crisis is helping only a tiny fraction of struggling homeowners.
As of July, only 9 percent of eligible borrowers had seen their mortgage payments reduced. And a progress report on the plan Tuesday showed 10 lenders had not changed a single loan.
51. Banks Earned $7.6B in Q1
- Thursday, May 28, 2009
WASHINGTON (AP) – The nation’s banks turned a profit in the first quarter, but the number of problem banks jumped to more than 300, the government reported Wednesday.
The Federal Deposit Insurance Corp. said higher trading revenues at big banks helped the industry earn a $7.6 billion profit in the January-March period, compared to a record loss of $36.9 billion in the fourth quarter. The profit was 61 percent below the $19.3 billion earned in the year-ago period and followed the first quarterly loss in 18 years.
52. SunTrust to Sell $1.25B in Stock, Cut its Dividend
- Monday, May 18, 2009
NEW YORK (AP) - SunTrust Banks Inc. said Friday it will sell $1.25 billion of common stock and slash its dividend by 90 percent as it works to raise money in light of the government's increased capital requirements.
53. Bank Stock Offerings Weigh on Financial Shares
- Tuesday, May 12, 2009
NEW YORK (AP) – KeyCorp, which is among 10 major U.S. banks ordered by the government to raise more capital as a buffer against future losses, joined several other banks Monday in announcing public stock offerings.
54. Stress Test Results Lift Cloud of Uncertainty
- Monday, May 11, 2009
WASHINGTON (AP) – Government exams of the biggest U.S. banks have helped lift a cloud of uncertainty that has hung over the economy.
The so-called stress tests – a key Obama administration effort to boost confidence in the financial system – showed nine of the 19 biggest banks have enough capital to withstand a deeper recession. Ten must raise a total of $75 billion in new capital to withstand possible future losses.
55. Bank Stress Tests Show Some Banks Need More Funds
- Friday, May 08, 2009
WASHINGTON (AP) - Some of the largest U.S. banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing many need more funds. The Treasury Department will officially release results later Thursday.
56. S&P Puts 23 Financial Firms on Negative Watch
- Wednesday, May 06, 2009
NEW YORK (AP) - Credit ratings agency Standard & Poor's is reviewing whether to cut the ratings of 23 regional and national banks.
The firms were placed on "CreditWatch Negative" on Monday, which means there is a 50 percent chance the ratings will be cut in the next three months. S&P said it expects the results of the reviews by the end of May.
57. Consumer Spending, New Jobless Claims Dip
- Friday, May 01, 2009
WASHINGTON (AP) - Consumer spending fell more than expected in March after two straight monthly gains, a stark reminder of a fragile economy that has pushed a record number of Americans to draw jobless benefits.
58. Stress Test Concerns Sink BoA, Citi Shares
- Wednesday, April 29, 2009
WASHINGTON (AP) – Citigroup Inc. and Bank of America Corp. will need to raise more capital if they can’t convince regulators that “stress test” results were mistaken, said two people familiar with the matter.
59. Fed to Weigh Options To Revive Economy
- Tuesday, April 28, 2009
WASHINGTON (AP) – As the recession grinds on, Federal Reserve policymakers will open a two-day meeting today to make a fresh assessment of economic conditions, review the effectiveness of programs in place and weigh whether they need to expand or change them.
60. CEOs See More Layoffs; Decline in Spending, Sales
- Wednesday, April 08, 2009
NEW YORK (AP) – In a sign of the deep pessimism gripping corporate America, an index tracking the outlook of chief executives of some of the country's biggest companies dropped to its lowest level since the survey began in 2002.
61. Leading Indicators Drop Less Than Expected in Feb.
- Friday, March 20, 2009
A private sector group’s index of leading economic indicators dropped less than expected in February, but its broad decline of the past 19 months persisted and is unlikely to end nationwide until next year.
62. Commercial Real Estate Hangs on for Dear Life
- Friday, March 20, 2009
The pulse of commercial real estate is barely detectable, but the fact that it’s still registering a beat is remarkable considering the trauma it’s suffered over the past year.
From March 2008 through February 2009, commercial sales in Shelby County declined 35 percent compared to the prior 12-month period, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
63. First Horizon CEOs Take Home $6.8M in 2008 Pay
- Wednesday, March 11, 2009
CHARLOTTE, N.C. (AP) - Regional bank First Horizon National Corp. paid out more than $6.8 million in compensation to the two chief executives that oversaw the company in 2008.
64. John Daly’s Home Foreclosed, Sold on Courthouse Steps
- Tuesday, March 03, 2009
9844 Legends Drive
Germantown, TN 38139
Sale Amount: $1.2 Million
Sale Date: Feb. 5, 2009
Buyer: Regions Bank
Seller: J. Phillip Jones, Substitute Trustee
65. Fairway Apartments Utah Takes Out $800K Loan
- Friday, February 27, 2009
Fairway Apartments Utah LLC has taken out a $787,000 loan for property in the Fairway Apartments Subdivision. The loan document included an assignment of rents and security agreements, including a fixture filing. PNC ARCS LLC was the lender for this Fannie Mae-backed loan.
66. Fourth Down: A Brutal End to '08 for S&P Companies
- Monday, February 16, 2009
NEW YORK (AP) - The companies that make up the Standard & Poor's 500 are on track to post a collective quarterly loss for the first time – a sign corporate America was battered even harder than expected by the economy.
67. More Sour Economic Reports for Employment, Retail
- Monday, February 09, 2009
WASHINGTON (AP) - More people sought unemployment benefits than expected last week and laid-off workers found it harder to land new jobs as the economy struggled to show signs of life.
Sour economic indicators Thursday also plagued the retail industry: Weak factory orders were reported for December and sales declines last month for many major stores raised concerns about the industry's health.
68. Layoffs Spike, Housing Rumbles; Outlook Worsens
- Friday, January 23, 2009
WASHINGTON (AP) - The number of newly laid-off Americans filing jobless claims and the pace of home construction both posted worse-than-expected results in government data released Thursday, lending urgency to the economic recovery plan President Barack Obama and Congress are scrambling to advance.
69. Treasury Provides $15B from Bailout Pot to 7 Banks
- Wednesday, January 07, 2009
WASHINGTON (AP) - The government said Monday it had supplied another $15 billion to seven U.S. banks in the latest round of payments from the $700 billion rescue fund.
The Treasury Department said the biggest payment in the new round totaled $7.58 billion to Pittsburgh-based PNC Financial Services Group Inc.
70. On The 12th Day Of Christmas
- Monday, December 22, 2008
The PNC Christmas Price Index is a calculation of the cost of the items in the song “The Twelve Days of Christmas” if bought at current prices. The index often has increased or decreased at a rate consistent with the Consumer Price Index, a measure of inflation produced by the U.S. Department of Labor’s Bureau of Labor Statistics....
71. Sector Snap: Regional Bank Stocks Mixed
- Wednesday, November 26, 2008
NEW YORK (AP) - Shares of regional banks were mixed Tuesday, after the government introduced a number of new initiatives designed to help unfreeze the credit markets.
The Federal Reserve said it will buy $500 billion in mortgage-backed securities, or pools of mortgages that are bundled together and sold to investors. The government will also lend up to $200 billion to the holders of securities backed by various types of consumer loans, including credit card loans.
72. Sector Snap: Regional Banks
- Tuesday, November 25, 2008
CHARLOTTE, N.C. (AP) - Shares of regional banks rose Monday as investors focused on the government's plan to bail out Citigroup Inc.
73. Sector Snap: Regional Bank Stocks Fall
- Wednesday, November 12, 2008
NEW YORK (AP) - Shares of regional banks slid Tuesday amid more signs of weakness in the financial sector and a string of bleak corporate earnings reports.
Losses piled up in the broader market as third-quarter reports from companies such as coffee retailer Starbucks Corp. and home builder Toll Brothers Inc. sent a strong signal to investors that few industries are immune to a sharp pullback in consumer spending.
74. Manufacturing Sector Contracts in October
- Tuesday, November 04, 2008
Business at manufacturers from plastic companies to lumberyards plummeted to the lowest level in 26 years in October, in what many economists called a sure sign of recession.
The Institute for Supply Management reported Monday its manufacturing index fell to 38.9, the lowest reading since September 1982, when the country was in a deep recession. Any reading below 50 signals contraction.
75. White House to Banks: Start Lending
- Wednesday, October 29, 2008
WASHINGTON (AP) – An impatient White House served notice Tuesday on banks and other financial companies receiving billions of dollars in federal help to quit hoarding the money and start making more loans.
76. Fed Weighs Another Rate Reduction to Limit Fallout
- Wednesday, October 29, 2008
WASHINGTON (AP) - Disappearing jobs, burrowing consumers and skittish companies are reasons for the Federal Reserve to lower interest rates and brace the tottering economy.
Fed Chairman Ben Bernanke and his colleagues open a two-day meeting Tuesday afternoon – their last before the November elections – to make a fresh assessment of economic and financial conditions and decide their next move on rates. Their decision will be announced Wednesday.
77. Banks to Use Gov't Funds for Lending, Dealmaking
- Tuesday, October 28, 2008
NEW YORK (AP) - A number of financial institutions, including Capital One inancial Corp. and SunTrust Banks Inc., have announced they will receive funds under the Treasury Department's capital purchase program.
78. Stocks Tumble After Government Bailout of AIG
- Thursday, September 18, 2008
NEW YORK (AP) - Wall Street plunged again in a crisis of confidence Wednesday as anxieties about the financial system still ran high after the government's bailout of insurer American International Group Inc. The Dow Jones industrial average dropped about 340 points, and investors seeking the safety of hard assets and government debt sent gold, oil and short-term Treasurys soaring.
79. Wall Street Crisis Could Put Fed Rate Cut in Play
- Tuesday, September 16, 2008
WASHINGTON (AP) - Wreckage from a massive crisis on Wall Street could prompt the Federal Reserve to do an about face and once again cut a key interest rate this week or possibly later this year, economists said Monday.
80. Easing Inflation Could Help Bonds
- Thursday, August 14, 2008
NEW YORK (AP) - Investors who rushed to the relative safety of bond funds when the stock market began to stagger last year might have felt they had outrun the troubles in equities - only to face the new threat of inflation when oil prices started soaring. But with the cost of crude now falling, some fixed-income investors could now find themselves in an enviable position.
81. LaPaloma Treatment Center To Start Building $4 Million Wing
- Tuesday, July 15, 2008
1248 Lapaloma St.
Memphis, TN 38114
Permit Amount: $4 Million
Project Cost: $4 million
Permit Date: Applied July 2008
Completion: End of year
Owner: LaPaloma Treatment Center
Tenant: LaPaloma Treatment Center
Architect: Looney Ricks Kiss
Contractor: Grinder, Tabor & Grinder Inc.
Details: LaPaloma Treatment Center is preparing to break ground on a new wing for its 10-acre campus on Lapaloma Street, south of Lamar Avenue near Foster Avenue in the Defense Depot area.
82. Holiday Inn Select Fetches $8.3M
- Thursday, July 10, 2008
Riya Parikh Memphis LLC has bought the Holiday Inn Select at Memphis International Airport at 2240 Democrat Road for $8.3 million from Genwood Memphis II LLC. Riya Parikh Memphis LLC, which lists a Metuchen, N.J., address, financed the purchase with a $12.8 million loan from PNC Bank NA.
83. Bank Economists Say Home Prices Yet to Bottom
- Wednesday, June 18, 2008
WASHINGTON (AP) - U.S. home prices are only about halfway through their decline and most of the further erosion should occur this year, major bank economists said Tuesday.
The 10 economists, including those from Wells Fargo Bank and JPMorgan Chase & Co., also cited the negative overall tone of the economy, with consumer spending curbed, spiking fuel and food prices, tight credit and relatively high unemployment.
84. Fed: High Energy, Food Prices Keep Economy Weak
- Thursday, June 12, 2008
WASHINGTON (AP) - The economy remained "generally weak" heading into summer as rising costs for energy and food pounded consumers and forced some companies to push their own prices higher.
The Fed's new snapshot of business conditions, released Wednesday in Washington, underscored two big sore spots for the country: listless economic activity coupled with high energy and food prices. Those rising prices carry the risk of both spreading inflation and putting another drag on overall economic growth.
85. Fed Cuts Interest Rates Bold Half-Point to Boost Ailing Economy; Wall Street Still Wary
- Thursday, January 31, 2008
WASHINGTON (AP) - The Federal Reserve delivered powerful new relief to people and businesses squeezed by the ailing economy Wednesday, cutting interest rates ever deeper in an effort to avert or at least soften the blow of a recession.
86. Fed Seems Poised To Lower Interest Rates
- Tuesday, December 11, 2007
WASHINGTON (AP) - What a difference in economic conditions since the Federal Reserve last met in October.
Credit has become harder to obtain, Wall Street has convulsed again and the housing slump has intensified. And policymakers at the central bank now appear to have changed their minds about the need to drop interest rates again.
87. Another Fed Rate Cut Anticipated
- Wednesday, October 31, 2007
WASHINGTON (AP) - The message from Ben Bernanke and his Federal Reserve colleagues is clear: The housing slump will drag on well into next year as credit problems linger. What's not so apparent is how they'll deal with the crisis, although another interest rate cut could come this week.
88. Cingular Wireless Building Sells for $19.3 Million
- Friday, May 26, 2006
Hart Cordova LLC has bought the Cingular Wireless building at 7000 Goodlett Farms Parkway for $19.3 million from GBS GP. GBS received the then-vacant land in February 1997 when Belz Investment Co. LP quitclaimed, or transferred its interest in the pr
89. Houston Levee Apartments Sell for $18.3 Million
- Thursday, April 13, 2006
USA Houston Levee DST has purchased Houston Levee Apartments at 9940 Paddle Wheel Drive in Cordova from Mid-South Houston Partners for $18.3 million. Built in 2001, the 194,752-square-foot complex sits on 25.05 acres on the west side of Houston Levee
90. Archived Article
- Tuesday, January 31, 2006
8920 Walnut Grove Road
Cordova, TN 38018
Cost: $25.8 million
Buyer: USA Walnut Hill LLC and 18 other limited liability companies
91. Walnut Hill ApartmentsSell for $25.8 Million
- Thursday, January 26, 2006
USA Walnut Hill LLC and several other limited liability companies have purchased Walnut Hill Apartments from Walnut Hill Partnership for $25.8 million. The apartment complex at 8920 Walnut Grove Road includes 324 units built in 2001. The buyers finan
92. Archived Article
- Tuesday, January 17, 2006
Thousand Oaks Boulevard (three addresses)
Cost: $28.6 million
Buyer: Talcott III Thousand Oaks LP
Seller: Glenborough Properties LP
93. April Woods ApartmentsFinanced for $6.3 Million
- Friday, January 13, 2006
April Woods Apartments LLC has financed its purchase of an apartment complex on Bickford Avenue for $6.3 million through PNC Mortgage Corp. The building has 17,500 square feet and sits on a 3.5-acre lot. Built in 1969, the building was sold by Bluff
94. April Woods ApartmentsFinanced for $6.3 Million
- Friday, December 16, 2005
April Woods Apartments LP has financed April Woods West and April Woods East through PNC Bank NA for $6.4 million. The two vacant apartment buildings, located on 3.52 acres on Bickford Avenue, were constructed in 1968. April Woods Apartments LP purch
95. Archived Article: Real Recap
- Tuesday, March 22, 2005
Blair Tower Apartments
Blair Tower Property Slated for Renovations
810 Washington Ave.
Memphis, TN 38105
Cost: $5.4 million
Borrower: Blair MCAP LLC
Lender: Capri Capital Finance LLC
Trustee: Chicago Title Insurance Co.
96. Archived Article: Real Recap
- Tuesday, December 28, 2004
Construction Begins on Tax Credit Property
Cost: $2.2 million
Borrower: Harmony Woods Apartments LP
Lender: PNC Bank NA
Trustee: Community Equity and Title Co.
Property: 4.05 acres near ...
97. Archived Article: Real Recap
- Tuesday, June 08, 2004
1991 Corporate Ave
Texas Group Acquires Nonconnah Office Property
1991 Corporate Ave.
Memphis, TN 38132
Cost: $2.1 million
Buyer: JP Memphis LLC
Seller: Crown Dixie Associates LP
Property: 4.7 acres and an office building at 199...
98. Archived Article: Daily Digest
- Wednesday, May 19, 2004
Financed for $3.3 Million
Cordova Ridge Shops LLC has financed a 2.15-acre parcel of property in phase four of the Cordova Ridge Planned Development for $3.3 million, according to The Daily News Public Records Da...
99. Archived Article: Memos
- Wednesday, May 01, 2002
Drs Sue Harpole has been named the new vice chancellor for development at the UT Health Science Center. She earned bachelors and masters degrees from Mississippi State University. Harpole was assistant vice chancellor for financial aid at UT from 19...
100. Archived Article: Market Briefs
- Monday, April 30, 2001
Thomas & Betts Corp Thomas & Betts Corp. will hold a conference call/web cast to provide an update on the company's progress and discuss first quarter 2001 results at 10 a.m. today. The telephone number to participate in the call is (973) 63...