VOL. 123 | NO. 53 | Monday, March 17, 2008
Germantown office development to be built with old feel
Old Germantown soon will have a new office product when The Salvaggio Group LLC completes its $3.5 million, three-building development at 7656 and 7658 Poplar Pike, in the heart of town.
The transaction was a routine sale. And compared to the size of the large multibillion-dollar financial services companies involved in the deal, only a relatively small amount of money would have changed hands.
Kerry Sewell can remember a time when visiting a fast-food restaurant meant time spent with family. As a child, his parents would take him to McDonald's. And back then, he said, that was a big deal.
Downtown developer Henry Turley is going east these days. The developer of Harbor Town, South Bluffs, parts of South Main and other Downtown projects is touting the Mid-South Fairgrounds these days.
How Irish is the Magevney House? The Downtown landmark is so Irish that Eugene Magevney's bride-to-be brought soil from Ireland with her when she arrived in Memphis in 1840 to marry him.
There's a new twist in the Matthews Brothers Homebuilders saga: The company's embattled principal Mark Matthews surfaced last week with a new entity, Residential Construction & Real Estate Management LLC.
WASHINGTON (AP) - Fighting to stem a dangerous wave of home foreclosures, Federal Reserve Chairman Ben Bernanke pledged Friday to do all that is possible to help struggling homeowners.
The Shelby County Board of Commissioners today began the process of proposing amendments to the Shelby County Charter. Those changes would go to voters in a county-wide referendum in either August or November.
WASHINGTON (AP) - A reading of U.S. homebuilders' sentiment was stuck near its lowest level in March, as the housing industry's malaise gave it little reason to improve.
NEW YORK (AP) - With a deal in place to save Bear Stearns from bankruptcy, the company's shares traded above the offer price Monday even as investors began turning a critical eye to other investment banks amid worries about how far the credit contagion could spread.