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VOL. 123 | NO. 47 | Friday, March 7, 2008

No Gloom Here

'07 stellar year for Memphis multifamily properties, report says

Memphis' multifamily industry enjoyed one of the most dynamic years in recent memory, as 2007 saw increased occupancy, rental rates and even construction, according to the fourth quarter and 2007 "Memphis Multi-Housing Marketview" report by the local office of CB Richard Ellis (CBRE).

Billboard Moratorium Still On - But For How Long?

Before he took office as a member of the Memphis City Council, developer Reid Hedgepeth sat on the Memphis-Shelby County Land Use Control Board, which signs off on proposed real estate developments before they're sent up the local governmental chain for further approval. And on a recent morning, the new city councilman drove by one of those projects approved during his tenure with the LUCB.

Murder Victim's Father Looks for Answers

Ethan Jacobs was one of six people who died violently in Memphis last Memorial Day weekend. Earlier that month, the rape and home-invasion robbery of a woman in Chickasaw Gardens began an emotional spike in the city's collective reaction to a pervasive crime problem.

Superior of Ex-Priest Claims He Lied to Pope

A Dominican priest has claimed he lied to now-deceased Pope John Paul II when he told the pontiff in a letter that he had tried to get other church assignments for a Memphis priest who sexually abused a 14-year-old boy in 2000.

Shelby Farms' Potential Master Plans Unveiled Thurs.

The public got its first look Thursday at three proposed plans for Shelby Farms Park.

Local Weather
Today
Memphis, TN
44°F
Partly Cloudy
Wind: 0 mph
Humidity: 63%

EVENTS

The Methodist Healthcare Foundation will host its annual Stan Patterson Art of Medicine Lectureship today at 8 a.m. at the Medical Education & Research Institute, 44 S. Cleveland St. Dr. Javier R. Kane, the director of Palliative and End-of-Life Care at St. Jude Children's Research Hospital, will present "Medical Decision-Making in the Care of Suffering." Seating is limited. For more information, call 516-0500.

more events »

Public Officials Move Cautiously With Would-Be Pyramid Backers

The main financial backer of the proposal to put a theme park and other attractions in The Pyramid said in a letter this week that calls by some elected leaders to show them the money have already been answered.

US Pending Home Sales Remain At Second-Worst Number On Record, Data Show

WASHINGTON (AP) - Industry data released Thursday show January pending U.S. home sales were below analysts' expectations and remained at the second-lowest reading on record.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 206 16,619
MORTGAGES 84 228 21,660
FORECLOSURE NOTICES 21 56 4,322
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 73 222 15,764
BUSINESS LICENSES 23 51 5,542
UTILITY CONNECTIONS 86 287 23,860
MARRIAGE LICENSES 21 72 5,107

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