VOL. 123 | NO. 47 | Friday, March 7, 2008
'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).
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.
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.
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.
The public got its first look Thursday at three proposed plans for Shelby Farms Park.
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.
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.