Editorial Results (free)
1. Visible Music College Files $3.2 Million Loan
- Tuesday, September 10, 2013
200 Madison Ave.
Memphis, TN 38103
Loan Amount: $3.2 million
Loan Date: Aug. 30, 2013
Borrower: Visible Music College
Lender: Renasant Bank
Details: Visible Music College has filed a $3.2 million loan on its Downtown campus at 200 Madison Ave.
2. Goodwin Henry Finances Arlington Retail Center
- Friday, September 06, 2013
Goodwin Henry Properties LLC has financed its 16,800-square-foot shopping center at 5870 Airline Road in Arlington for $1.5 million.
3. Getting Focused
- Monday, September 02, 2013
Some of my clients tell me they wonder if it’s even possible to get focused nowadays with the constant onslaught of life-distracting things and events. First of all, I think the realistic answer to this question falls in the category of Henry Ford’s famous statement, “Whether you think you can or you think you can’t, you’re right.”
4. Influence1 Files $2.6 Million Loan for Former Bishop Byrne
- Monday, September 02, 2013
1475 E. Shelby Drive
Memphis, TN 38116
Loan Amount: $2.6 million
Loan Date: Aug. 23, 2013
Maturity Date: Aug. 23, 2024
Borrower: The Influence1 Foundation
Lender: Regions Bank
Details: The Influence1 Foundation, the Memphis-based organization that bought the former Bishop Byrne High School in June, has filed a $2.6 million loan on the property, at 1475 E. Shelby Drive in Whitehaven.
5. South Junction Files $14.8 Million Loan
- Friday, August 30, 2013
Just a few days after its permits were filed, the development group building the 197-unit South Junction apartments Downtown has taken out a $14.8 million construction loan for the project.
South Junction Partners – through a payment-in-lieu-of-taxes (PILOT) program via the Memphis Center City Revenue Finance Corp. – filed the deed of trust Aug. 27 with SunTrust Bank.
6. Henry Turley Co. Files Permits for South Junction
- Tuesday, August 27, 2013
727 E. Mann Circle; 726. E. Mann Circle; 725 W. Mann Circle; 35 W. Georgia Ave.; 649 Florida St.; 18 W. Carolina Ave.; 9 E. Carolina Ave.
Memphis, TN 38103
Permit Costs: $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.4 million
7. Henry Turley Co. Files Permits for South Junction
- Monday, August 26, 2013
A development group led by Henry Turley Co. has filed a series of building permits totaling $10.4 million for the 197-unit South Junction apartments Downtown.
8. Turley Shows Interest in Developing Central Station
- Friday, August 16, 2013
A partnership consisting of Henry Turley and Community Capital is the only entity so far to express interest in the management and development of Central Station.
9. Entry Point
- Thursday, July 25, 2013
The city of Germantown is embarking on an effort to guide growth and development of the city’s western gateway corridor for the next 20 years.
The planning area encompasses the Poplar Avenue corridor at the city’s western gateway, paying special attention to proposed development opportunities, improvements to Poplar Avenue and Kirby and a new set of regulations designed to guide development.
10. Boyle Helps Reach Harahan Funding Goal
- Thursday, May 30, 2013
The city of Memphis has raised the matching funds to build the “Main to Main Connector” thanks to local donations, the latest of which is $50,000 from Memphis-based Boyle Investment Co.
11. Boyle Donates $50,000 To Main-To-Main Project
- Wednesday, May 29, 2013
The city of Memphis has raised the matching funds to build the “Main to Main Connector,” the $29.7 million project designed to link Main Street Memphis to Broadway Avenue in West Memphis via a boardwalk for bicyclists and pedestrians on the north side of the Harahan Bridge straddling the Mississippi River.
12. Changing Current
- Wednesday, May 22, 2013
The Uptown waterfront along the Wolf River Harbor – the area of the rejuvenated Uptown neighborhood that has for the most part been left out of the revitalization – could soon become a bustling waterfront village, according to a recently released master plan for the area.
13. Core Focus
- Saturday, May 11, 2013
The Great Recession silenced construction crews throughout the Memphis area, and that was especially evident Downtown, where ambitious, skyline-changing projects were put on hold, reconfigured or scrapped altogether.
14. New Apartments Planned for South Main
- Wednesday, April 24, 2013
Plans for 197 apartments on two corners of West Carolina Avenue and Florida Street go to the Downtown Memphis Commission Design Review Board at its May 1 meeting.
South Junction will rise on the vacant northwest and southeast corners of Carolina and Florida, in the South Main Historic Arts District.
15. Apostrophe Yes or No?
- Thursday, April 18, 2013
Henry Chu of the Los Angeles Times reported in late March that “To grammarians’ delight, officials in southwest England who had considered expunging apostrophes from street signs threw out the idea … and vowed to follow the rules of proper English.” Ha! Good luck with that!
16. Then and Now
- Saturday, April 06, 2013
Jay Bailey pictured marching bands and floats when his mother told him he was going on a march.
“We thought of it as a parade,” said Bailey, who was 6 years old in March 1968. “We thought of it as something fun.”
- Thursday, March 28, 2013
Sales and Marketing Society of the Mid-South will host a roundtable with Joel Henry, president of Intermodal Cartage, Thursday, March 28, at 7:30 a.m. at Cheffie’s Café, 483 High Point Terrace. Cost at the door is $20. Visit sms-midsouth.org.
18. Two Family Dollar Stores Sell for Combined $3 Million
- Tuesday, January 29, 2013
The Family Dollar stores at 1688 Jackson Ave. and 2711 Getwell Road have sold for a combined $3 million.
19. Brooks Brothers Relocating to Saddle Creek
- Friday, December 07, 2012
High-end clothier chain Brooks Brothers plans to open a new location at The Shops of Saddle Creek West in Germantown.
The New York City-based retailer will open in 7,500 square feet of space at 7509 Poplar Ave. by early June, taking over the two suites formerly occupied by Indigo and Talbots Men’s. Indigo last month relocated and expanded two spaces down into the old Natural Body Spa & Shoppe space.
20. Gen X Inks State’s First Location on Austin Peay
- Friday, November 16, 2012
A trendy Vernon, Calif.-based retailer has inked its first Tennessee location in Austin Peay Plaza.
Gen X Clothing Inc. signed a 35,000-square-foot lease at 3252 Austin Peay Highway. The space was formerly occupied by Big Lots.
21. Harbor Town Dog Show Scheduled for Oct. 28
- Thursday, October 18, 2012
The 10th Annual Harbor Town Dog Show “Who Let the Dogs Out?” presented by Downtown Animal Hospital will take place Oct. 28.
Spectators can attend the show, from noon to 4 p.m. at Nursery Park in Harbor Town, for free and may reserve seating in the VIP – as in, Very Important Pooch/Parent – Green Room, which will offer gourmet food and drinks.
22. Downtown Memphis Commission Celebrates Progress
- Monday, October 01, 2012
There was bicycle-powered smoothie preparation, an aerial circus-style art show, Beale Street Flippers, live music outside, a disc jockey inside, and food and drinks from Downtown restaurants and suppliers.
23. Electric Charging Stations Create Driver Options
- Friday, September 28, 2012
Twelve of the parking spaces outside the visitors center at Shelby Farms Park come with a roof.
Construction of the solar-assisted electric and hybrid vehicle charging stations was completed in September.
24. DMC to Honor Vision Award Recipients
- Thursday, September 27, 2012
Downtown Memphis Commission will present this year’s Downtown Vision Awards on Thursday, Sept. 27, at an open house party at its office, 114 N. Main St., from 4 p.m. until 6 p.m.
25. Dot-Com Moves Distribution To Memphis
- Friday, August 10, 2012
Wilsonville, Ore.-based LinenTablecloth.com has entered the Memphis industrial market, leasing 82,500 square feet at 3046 Datsun Drive for its new distribution center.
26. History for Sale
- Wednesday, August 01, 2012
Three historic properties in the Midtown and Downtown areas are on the market, all listed with major Memphis commercial real estate firms.
The most recent listing is the Hunt-Phelan house at 533 Beale St., priced at $2.9 million with Henry Stratton and Andy Cates of Colliers International Memphis. The mansion has hosted guests including Ulysses S. Grant, Jefferson Davis, Andrew Jackson and Andrew Johnson.
27. Report: Countrywide Won Influence With Discounts
- Friday, July 06, 2012
WASHINGTON (AP) – The former Countrywide Financial Corp., whose subprime loans helped start the nation's foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress, congressional staff, top government officials and executives of troubled mortgage giant Fannie Mae, according to a House report.
28. Slice of the Pie
- Monday, June 18, 2012
Come mid-July, local restaurateur Aldo Dean will launch Aldo’s Pizza Pies, his group’s third concept in Memphis and second in Downtown’s Central Business District.
Dean is one of three partners behind the new 3,900-square-foot restaurant on the ground floor of Henry Turley Co.’s Barboro Flats at 100 S. Main St. Adam Slovis of Slovis & Associates LLC represented Dean and his group in its seven-year lease for Aldo’s Pizza Pies.
29. Former Mall Acreage to be Industrial Development
- Tuesday, April 24, 2012
Acreage on Former
Mall of Memphis Site
Sale Amount: $2.7 million
Sale Date: April 18, 2012
Buyer: Memphis Industrial Properties LLC
30. Homes Part of North Memphis Revitalization
- Tuesday, April 24, 2012
Usually Self + Tucker Architects do the design work and planning for someone else who is the developer.
But in an open lot on the north side of Chelsea Avenue at Leath Street, seven single- family homes to come in the next year will be the architecture firm’s first steps into developing.
31. Marketplace Dev. Buys Jackson Ave. Center
- Tuesday, April 17, 2012
Marketplace Development LLC has bought a strip shopping center at 1688 Jackson Ave. from The Bornblum Foundation for $337,500, financing it with a $1.2 million loan through Iberiabank.
32. Balmy Winter Brings Plenty of Economic Surprises
- Monday, January 16, 2012
NEW YORK (AP) – Out of a relatively balmy winter have sprung some economic surprises. People have more cash in their pockets because they aren't turning up the thermostat. Airlines don't have to de-ice planes or battle blizzards. And shoppers are finding great deals on coats and boots.
33. Loeb Tells Rotary About Overton Square Plans
- Thursday, January 12, 2012
Among the first of Bob Loeb’s comments when he addressed the Memphis Rotary Club Tuesday, Jan. 10, was that when his firm finishes the redevelopment of Overton Square, the hope is to pass the Rotarian Four-Way Test.
34. 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.
35. New Dishes
- Thursday, December 29, 2011
Memphis’ eyes were bigger than its stomach in 2011, but in a good way.
Some local restaurateurs launched completely new concepts; others entered new submarkets with additional stores. Even a handful of national retailers entered the Memphis market after having locations elsewhere in Tennessee for years.
36. Beyond Square One
- Monday, December 26, 2011
Memphis City Council’s approval for spending $16 million to improve Midtown’s Overton Square marked a milestone for neighborhood supporters, grassroots leaders and financial stakeholders – especially Loeb Properties Inc.
37. APG Office Furnishings Succeeds on South Main
- Monday, December 05, 2011
APG Office Furnishings has seen substantial growth since moving to Memphis in early 2009. The recently opened Downtown location at 100 S. Main St. offers an upgrade from the company’s old Shelby Drive store, as well as the benefit of pedestrian traffic.
38. Van Vleet Flats Almost Ready For Occupancy
- Monday, November 21, 2011
Over the past decade, Henry Turley Co. has delivered five mixed-use apartment communities on or near Downtown’s South Main Street.
39. Why Fed Dissident Fisher Opposes Further Action
- Wednesday, October 19, 2011
NEW YORK (AP) – He's an inflation "hawk" who isn't worried about inflation, a former political candidate appalled by politics, a dissident who views himself as part of the team.
An idiosyncratic figure, Richard Fisher has drawn attention lately as one of three members of the Federal Reserve's policymaking committee who have lined up against Chairman Ben Bernanke's steps to try to stimulate the economy.
40. New Façades
- Monday, October 03, 2011
Local architecture firms have run the gamut with realignment strategies in combating the economic downturn, from reduction of footprints and overhead to reorganizing and rebranding.
In late 2009, Memphis-based Looney Ricks Kiss Architects Inc. filed a Chapter 11 bankruptcy petition. The news sent shockwaves throughout the industry, as one of the city’s most prominent firms – behind landmark projects like AutoZone Park and AutoZone corporate headquarters, Riverside Drive, FedExForum, Harbor Town and the Benjamin L. Hooks Central Library, to name a few – was being forced to reorganize.
41. Nashville Museum on African American Music Planned
- Tuesday, September 13, 2011
NASHVILLE (AP) – A new museum in the works for Nashville will aim to expand the public's idea of what makes the town Music City.
The National Museum of African American Music may sound counterintuitive for a city most closely associated with country music, a genre dominated by white performers. But supporters of the new project say the city played an important role in fostering African American music, which in turn influenced the roots of country and many other American genres.
42. Lynnfield Place Apartments Sell for $22.4 Million
- Tuesday, June 21, 2011
1400 Lynnfield Road
Memphis, TN 38119
Sale Amount: $22.4 million
Sale Date: June 14, 2011
Buyer: Lynnfield Holdings LLC
Seller: Lynnfield Place Tennessee LLC
Details: Lynnfield Place Apartments, on the east side of Lynnfield Road about halfway between Park Avenue to the north and Quince Road to the south, has sold for $22.4 million.
43. Loeb Builds Success on Long History, Strong Team
- Monday, May 16, 2011
In 1887, a T-shirt maker named Henry Loeb, great-grandfather of Robert “Bob” Loeb and Louis “Lou” Loeb of LOEB Properties, opened a Laundromat on Main Street. His entrepreneurial spirit transpired four generations, officially reaching the Loeb brothers in the early 1980s.
44. Midtown Changer
- Wednesday, April 27, 2011
By the end of 2011, Bardog Tavern owner Aldo DeMartino will have two new Memphis restaurant concepts up and running.
First, The Slider Inn, 2117 Peabody Ave., will fill the 1,200-square-foot space formerly occupied by Bluff City Bayou. The owners, Les Carloss and Jeff Corrigan, moved from the Edge District to the Midtown spot in 2009 and closed it shortly after to pursue catering endeavors.
45. $39 Million Permit Filed For UTHSC Research Lab
- Tuesday, April 26, 2011
71 S. Manassas St.
Memphis, TN 38103
Permit Amount: $39 million
Permit Date: Applied April 2011
Owner: University of Tennessee
Tenant: University of Tennessee
46. Downtown Warehouse Quitclaimed for $465,500
- Monday, April 25, 2011
An investment partnership called 109 South Second Partnership, an affiliate of Memphis-based developer Henry Turley Co., has received 109 S. Second St. via two quitclaims.
47. City, Community at Heart of Montgomery Martin’s Work
- Monday, April 04, 2011
Construction, says Montgomery Martin, is hard. And he should know, having been in the business since 1978.
“You’re creating something out of nothing, you’re taking a raw piece of dirt, grading it off and digging holes and pouring concrete and creating an edifice for an environment to work in and live in,” Martin said. “That’s all very appealing and neat, and a necessary thing to do for society and for culture and for people to live and operate in.”
- Friday, February 25, 2011
The Memphis Gavel Club will meet Friday at 11:30 a.m. at the Holiday Inn University of Memphis, 3700 Central Ave. Henry Brenner from Goodwill Industries will speak. For more information, call Bob Gray at 494-8639.
49. EMHC Moving to Appling Farms, Doubling in Size
- Friday, December 17, 2010
Emergency Mobile Health Care is more than doubling the size of its Memphis corporate headquarters.
EMHC has signed a 14,200-square-foot lease at 6972 Appling Farms Parkway. EMHC currently occupies 6,900 square feet at 5071 Wilfong Road, and also has an office in Jackson, Tenn.
50. 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.
51. Second Street Building Gets Mixed-Use Makeover
- Tuesday, October 26, 2010
Developers are bringing a brand of apartments that has flourished on Downtown’s Main Street one block over with a $9.7 million project called Van Vleet Flats and Offices.
An extensive rehab has begun on the old warehouse at 109 S. Second St., at the northwest corner of Second Street and Gayoso Avenue.
52. Even in Liberal Bastions, GOP Sees Election Chance
- Wednesday, October 20, 2010
HYANNIS PORT, Mass. (AP) — In the congressional district that's home to the Kennedy family compound, a Kennedy public skating rink and a Kennedy museum, the heart of liberalism is beating uneasily.
53. Cohen: Love Of Government Started Early
- Wednesday, October 06, 2010
With fervor for politics at a young age, U.S. Rep. Steve Cohen, D-Memphis, explained his lifelong journey into Congress at the Society of Industrial Office Realtors (SIOR) luncheon Monday.
54. Lasting Legacies
- Monday, September 27, 2010
Consider the continent as it was when Memphis was founded in 1819. No railroads crisscrossed the land and Tennessee roads would not be paved until after World War I.
For a city to thrive and prosper, transportation would be paramount. For Memphis, the Mississippi River, an integral artery of commerce and communication in America, would be its gateway to greatness.
55. Rhodes Examines Katrina’s Impact On Fifth Anniversary
- Wednesday, September 15, 2010
Photographer Aric Mayer spends a lot of his time thinking about the ways in which the larger events of nature overlap with those of civilization.
And still, Mayer, the lead photographer who covered Hurricane Katrina for The Wall Street Journal, said he has difficulty fully communicating what he experienced when he arrived in New Orleans a week after the storm devastated the city.
56. Architectural Stories
- Wednesday, September 08, 2010
The houses on this year’s Central Gardens Home and Garden Tour chronicle a century of architectural styling.
They begin with traditional designs that borrow from past times and end with a 1967 residence built for the modern age. The 34th annual tour, which features six homes, will be from 1 p.m. to 6 p.m. Sunday.
57. Galloway Gardens Apartments Sells for $1.1 Million
- Tuesday, September 07, 2010
1565 Galloway Ave.
Memphis, TN 38112
Sale Amount: $1.1 Million
Sale Date: Aug. 27, 2010
Buyer: Galloway Gardens LLC
Seller: Steve Benetti and Virginia Benetti
Loan Amounts: $200,000; $200,000; $916,937 (assumption)
Loan Date: Aug. 27, 2010
Maturity Dates: Aug. 27, 2011 ($200,000); Sept. 15, 2015 ($200,000); Sept. 10, 2013 ($916,937)
Lender: Regions Bank
58. Renovations Planned for Georgian Hills Middle
- Thursday, September 02, 2010
Memphis City Schools has applied for a $2.4 million permit for renovations to Georgian Hills Middle School (also known as Georgian Hills Junior High) at 3925 Denver St. in Frayser’s 38127 ZIP code. The school is on 1.54 acres on the west side of Denver Street north of St. Elmo Avenue.
59. Dellinger Takes Readers on Trip Down Proposed I-69
- Wednesday, August 18, 2010
When Matt Dellinger came to Memphis a few years ago to research the book he was writing on Interstate 69, he stumbled upon the Little Tea Shop on Monroe Avenue.
The main reason he chose the storied Downtown eatery was because of its street number, 69, which he figured must be a sign considering his book’s subject matter – the new interstate coursing through middle America, including Memphis, from Canada to Mexico.
60. Wharton Hagale Sign Bass Pro Shops Lease For Pyramid
- Wednesday, June 30, 2010
There is a lease agreement to reopen The Pyramid as a Bass Pro Shops superstore with other attractions in the structure and around it.
Memphis Mayor A C Wharton Jr. and Bass Pro Shops CEO and President Jim Hagale signed the 20 year lease with seven renewal options of five years each Wednesday at the end of a City Hall press conference to announce the deal five years in the making.
61. Barboro Flats Set for Success
- Tuesday, June 29, 2010
The first residents who begin moving into Barboro Flats’ 92 apartments Thursday will find a host of amenities and urban comforts waiting for them inside the brand new five-story building at 100 South Main.
62. Fairgrounds Work Continues Despite Flux
- Thursday, March 18, 2010
On his way home from church one Sunday last month, Kevin Kane and his family decided to go by the Mid-South Fairgrounds to see what was left of the Zippin Pippin.
63. Geithner Draws Fire Defending Fed on AIG Bailout
- Thursday, January 28, 2010
WASHINGTON (AP) - Democrats and Republicans alike pummeled U.S. Treasury Secretary Timothy Geithner on Wednesday over his role in the $180 billion bailout of insurance giant AIG Inc., venting public anger over Wall Street's return to prosperity while unemployment stands at 10 percent.
64. Main Street’s ‘Big Hole’ Reaches Symbolic Milestone
- Wednesday, December 16, 2009
Today’s topping off ceremony for what once was a giant hole at 100 S. Main St. represents a milestone. By next summer, the property will be the site of a parking garage and 92 apartment units.
65. Metro Moto Scoots In Vespa Style
- Monday, December 07, 2009
People often tell Linda Casals the Italian scooters she sells make them feel like they’re in a European movie.
It’s a comment she doesn’t get tired of hearing. She promotes the romantic image at Metro Moto, the new Vespa and Piaggio dealership in Memphis. Giant posters of Hollywood legends Angie Dickinson, Henry Fonda, Ann Margaret, Sandra Dee and Clint Eastwood on scooters hang from the walls.
66. FBI Wants Public’s Help in Civil Rights Killings
- Tuesday, November 24, 2009
JACKSON, Miss. (AP) – Over the past three years, the FBI scoured faded documents, interviewed aging lawmen and tracked down witnesses from killings that occurred decades ago, many of them involving white police officers who shot black men or teenagers.
67. Housing Divided
- Monday, November 23, 2009
A couple of years ago, when Clay Thompson of Memphis decided it was time to stop renting, he set his sights on the Downtown condominium market. He was especially interested in the old warehouses in the South Main Historic Arts District that had been converted to condos.
68. Wiggins Ready To Grab YLD Baton
- Thursday, November 19, 2009
Kyle M. Wiggins is ready to get behind the wheel.
Today at the Memphis Bar Association’s Young Lawyers Division Annual Meeting and Elections, current YLD president Freeman Foster, an attorney for the Juvenile Court of Memphis and Shelby County, will pass the gavel to Wiggins.
69. 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
70. Ike’s Plans Expansion to Collierville
- Friday, October 23, 2009
A 10,000-square-foot Ike’s drugstore is coming to West Poplar Avenue in Collierville now that the Arkansas-based company that owns and operates the chain has bought the land and announced plans to begin building after the start of the new year.
71. Goodwyn Condos In Foreclosure
- Thursday, September 24, 2009
Chalk up another victim to the continuing real estate crisis, this time the Goodwyn Condominiums at 127 Madison Ave.
72. A Mayor’s Race to Remember: Candidates pump up the drama as election nears
- Monday, September 21, 2009
The field is set at 25 candidates and Memphians start voting Sept. 25 in a mayor’s race that has been neither a surprise nor the expected.
But there’s no guarantee the election will settle what the post-Willie Herenton era will look like. Too many other events still have to be decided.
73. Mayor’s Race Gets ‘Crazy’ As Election Day Approaches
- Tuesday, August 25, 2009
“It’s crazy now,” Memphis Mayor Pro Tem Myron Lowery told members of the Downtown Neighborhood Association last week.
Lowery was contemplating the possibility of more than 30 candidates in the Oct. 15 special election for mayor. He described it as “the circus that’s getting ready to happen in this city.”
74. Developer Files $8M Permit For Barboro Flats
- Wednesday, July 15, 2009
The development team of the Barboro Flats mixed-used building at 100 S. Main St. Downtown has filed an $8 million permit with the city-county Office of Construction Code Enforcement to begin the second phase of the project, which is the multifamily component.
75. Mayor’s Resignation Date Set for July 30
- Monday, July 13, 2009
Mayor Willie Herenton’s departure is July 30.
Memphis City Council members locked in the date with a resolution declaring the mayor’s office vacant by July 31.
Despite the additional three weeks of tenure for Herenton, he isn’t likely to cooperate in any meaningful way with his successor, Myron Lowery.
76. Kroc Center’s Backers Want It to Be a Gathering Spot for Diverse Groups
- Monday, June 22, 2009
From its days as a horseracing track in the latter half of the 19th century, the Mid-South Fairgrounds has a long and captivating history, including a fair share of disputes over the best uses for the sprawling property that sits in the middle of Memphis.
77. Documents: Paulson Forced Nine Bank CEOs to Take TARP
- Friday, May 15, 2009
The chief executives of the country’s nine largest banks had no choice but to accept capital infusions from the U.S. Treasury Department in October, government documents released Wednesday have confirmed.
78. Lawmakers Want Banks to Report on Bailout Use
- Friday, April 24, 2009
WASHINGTON (AP) - Lawmakers pressed the Obama administration on Thursday to better track how financial institutions are using the government's financial bailout money, a step the Treasury Department has resisted despite demands from a federal watchdog agency.
79. WSJ: BofA CEO Says Was Told to be Quiet on Merrill
- Friday, April 24, 2009
NEW YORK (AP) - Bank of America Chief Executive Kenneth Lewis told the New York attorney general he believed former Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke wanted him to keep quiet about the worsening terms of the bank's acquisition of Merrill Lynch, according to testimony reviewed by The Wall Street Journal.
80. Administration Moves Against Bad Bank Assets
- Tuesday, March 24, 2009
WASHINGTON (AP) - The Obama administration aimed squarely at the crisis clogging the nation's credit system Monday with a plan to take over up to $1 trillion in sour mortgage securities with the help of private investors. For once, Wall Street cheered.
81. Obama Urges Spending Curbs, Hands Out $15 Billion
- Tuesday, February 24, 2009
WASHINGTON (AP) - Urging future restraint even as current spending soars, President Barack Obama pledged on Monday to dramatically slash the skyrocketing annual budget deficit as he started to dole out the record $787 billion economic stimulus package he signed last week.
- Thursday, February 19, 2009
The Shelby County Beer Board will meet today at 2 p.m. at the Shelby County Administration Building, 160 N. Main St. For more information, call Steve Summerall at 545-4301.
83. Main Street’s Big Hole To Be Filled at Last
- Wednesday, January 28, 2009
Center City Commission president Jeff Sanford knew some developers and others doubted anything would get built anytime soon in the big hole at Gayoso Avenue and Main Street.
84. Bernanke: Obama Stimulus Helps, More Action Needed
- Wednesday, January 14, 2009
LONDON (AP) - A mammoth stimulus package being crafted by President-elect Barack Obama could give the economy a much-needed lift, but other steps must be taken to bolster the wobbly financial system and for any recovery to stick, Federal Reserve Chairman Ben Bernanke said Tuesday.
85. Bailout Questions Remain in ’09
- Wednesday, January 07, 2009
Back in October, U.S. Sen. Bob Corker, R-Tenn., stood before an audience of bankers, civic leaders and businesspeople at the University of Memphis and defended his vote for the Emergency Economic Stabilization Act of 2008.
86. 100 South Main Partners Secure Project Financing
- Tuesday, December 30, 2008
100 S. Main St.
Memphis, TN 38103
Loan Amount: $9.5 Million
Loan Date: Dec. 23, 2008
Maturity Date: N/A
Borrower: 100 South Main Partners
Lender: SunTrust Bank
87. Developers Ask for Bailout as Massive Debt Looms
- Tuesday, December 23, 2008
With a record amount of commercial real-estate debt coming due, some of the country's biggest property developers have become the latest to go hat-in-hand to the government for assistance.
They're warning policymakers that thousands of office complexes, hotels, shopping centers and other commercial buildings are headed into defaults, foreclosures and bankruptcies. The reason: according to research firm Foresight Analytics LCC, $530 billion of commercial mortgages will be coming due for refinancing in the next three years – with about $160 billion maturing in the next year. Credit, meanwhile, is practically nonexistent and cash flows from commercial property are siphoning off.
88. Bailout Approved: Automakers Get $17.4B
- Monday, December 22, 2008
WASHINGTON (AP) – Citing danger to the national economy, President Bush approved an emergency bailout of the U.S. auto industry Friday, offering $17.4 billion in rescue loans in exchange for tough concessions from the deeply troubled carmakers and their workers.
89. 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.
90. RFC to Consider PILOT For Saddlery Lofts Units
- Tuesday, December 09, 2008
The Center City Revenue Finance Corp. today will consider a request of Tenn Street Partners LLC for a payment-in-lieu-of-taxes (PILOT) agreement for Units 112-113 of The Saddlery Lofts at 505 Tennessee St. The board also will get an explanation of that request and authorize the execution of any necessary documents for it.
91. Government Announces New Loan Programs
- Wednesday, November 26, 2008
WASHINGTON (AP) – The federal government, still struggling to manage a severe financial crisis, unveiled two new programs Tuesday that will provide $800 billion to try to help unfreeze the market for consumer debt from home mortgages to credit cards.
92. Fed Sees US Economic Woes Persisting Into 2009
- Friday, November 21, 2008
WASHINGTON (AP) – Pounded by a fierce financial crisis, the United States is sinking deeper into economic despair that has pushed the number of newly laid-off workers to a 16-year high, with problems likely to stretch well into next year.
93. Paulson, Bernanke Defend $700 Billion Bailout
- Wednesday, November 19, 2008
WASHINGTON (AP) – Treasury Secretary Henry Paulson expressed fresh reservations Tuesday about tapping a $700 billion bailout pool to provide mortgage guarantees to help stem soaring U.S. home foreclosures.
94. Democrats at Work to Tap Bailout for Automakers
- Friday, November 14, 2008
WASHINGTON (AP) – Congressional Democrats are marshaling support for a rescue package to pump $25 billion in emergency loans to U.S. automakers in exchange for a government ownership stake in Detroit's car companies.
95. Wall Street Turns to Consumers To Gauge Economy
- Tuesday, November 11, 2008
NEW YORK (AP) – Wall Street heads into another turbulent week with investors set to pore over a government report on retail sales and earnings from Wal-Mart Stores Inc. to get a better reading on consumers.
96. Greenspan Denies Blame for US Crisis, Admits Flaw
- Wednesday, November 05, 2008
WASHINGTON (AP) – Badgered by lawmakers, former Federal Reserve Chairman Alan Greenspan denied the nation's economic crisis was his fault but conceded on Thursday that the meltdown had revealed a flaw in a lifetime of economic thinking and left him in a "state of shocked disbelief."
97. 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.
98. Corker Justifies Bailout Vote
- Wednesday, October 29, 2008
As lawmakers scrambled over the last several months to deal with the fallout of the plunging U.S. economy, Tennessee’s junior senator quietly established himself as a force to be reckoned with among key decision makers.
99. Pyramid Decision Sets Stage For Further Debate
- Wednesday, October 22, 2008
Shelby County government will stay in The Pyramid business for now.
A move to sell the county’s share of The Pyramid, The Mid-South Coliseum and Liberty Bowl Memorial Stadium to the city of Memphis for $5 million failed this week on a 5-6 vote of the Shelby County Board of Commissioners.
100. Bush, Bernanke Open to New Stimulus Package
- Tuesday, October 21, 2008
WASHINGTON (AP) – Momentum increased Monday for a new economic stimulus package as Federal Reserve Chairman Ben Bernanke endorsed extra help for the ailing economy, while the White House was open to the idea.