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VOL. 126 | NO. 231 | Monday, November 28, 2011

Depot Biz Park Changes Direction

From Army supply base to base of operations, the new owners of the Memphis Depot Business Park hope to position their revitalized 260-acre site in South Memphis on real estate brokers’ radar screen as a solution for industrial needs.

Green Shoots

Notable deals point to recovery for city’s commercial real estate market

As the local commercial real estate market approaches the end of 2011, experts say it appears to be in line with national fundamentals for secondary and tertiary markets.

Shelby County Officials Monitor Snow Forecasts

Local emergency preparedness officials are bracing for weather forecasts of 1 to 3 inches of snow in Shelby County between midnight and 6 a.m. Tuesday, Nov. 29.

Shoemaker Looks To 2012 With Rebuilt Office

Shoemaker Financial is now “fully engaged in rebuilding” its Germantown office that was damaged by a fire in late 2010.

Mercer Ready to Steer MAAR Commercial Council

John Mercer does not take over as 2012 president of the Memphis Area Association of Realtors Commercial Council until Jan. 1, but he is already working hard planning several big MAAR events for early next year.

Local Weather
Today
Memphis, TN
70°F
Partly Cloudy
Wind: 5 mph
Humidity: 88%

EVENTS

The Tennessee Beta Unit of Parliamentarians will hold its monthly meeting and educational program Monday, Nov. 28, at 5:45 p.m. at the Poplar-White Station Branch Library, 5094 Poplar Ave.

more events »

Christine By Shelton To Close

Christine by Shelton Clothiers will start the work week preparing for a store closing sale that begins Thursday, Dec. 1.

Tigers To Talk Football Future Monday

University of Memphis officials hold a noon press conference Monday, Nov. 28, to talk about “the future of the Memphis athletic program and a plan for having a new football coach named as quickly as possible.”

Countywide Board Denies Charter Schools

As the Thanksgiving holiday weekend began, the countywide school board had put the two public school systems’ long-held ambivalence about charter schools on a fast track to Nashville.

Shelby Farms Playground Seeks Green Certification

Shelby Farms Park’s Woodland Discovery Playground is in the running to be the first certified Sustainable Sites Initiative project in the world.

SMALL BUSINESS SPOTLIGHT

Commitment, Teamwork Help Whitaker Realty Thrive

Though the last four years of the recession-afflicted economy have been a dark cloud of pessimism in the real estate world, Whitaker Realty LLC owner Mark Whitaker has weathered the storm and found success by carefully choosing his clients and providing careful oversight on expenditures.

LOCAL COLUMNISTS

CEO Bears Business Horsepower

Too often business owners may be busy about everything but actually doing business. They don’t have bosses and can be time-wasters. Employees can catch that bug, too. Not good. Looking back, I can see that this was never much me and has a lot to do with my longevity.

Adding Some Soul to School

Last week we focused on attracting, developing and retaining knowledge workers and leaders in our city and noted that it takes each of us doing our part for Memphis to succeed. This week let us spotlight an organization that is dedicated to preparing students for success in college and life in an academically rigorous, music-rich environment: The Soulsville Charter School.

THE MEMPHIS NEWS

Back to Black

Local, national retailers take new measures to bolster their bottom lines

The Friday after Thanksgiving, often dubbed, “Black Friday,” is considered by many to be the traditional start of the holiday season shopping in the U.S.

Retail Landscape Reflects State of US

We see something new and promising in the tired and somewhat ritualistic traditions of commerce on Black Friday – locally owned businesses competing for what amounts to a piece of a piece of a pie.

Harpist Highlights Iris String Concert

To have a full orchestral sound, one doesn’t necessarily need an entire orchestra. At least that’s the theory behind the Iris Orchestra’s upcoming concert.

Increased Food Prices Passed Down the Chain

The cost of your Thanksgiving dinner wasn’t much to be thankful for, was it?

Spread Some Cheer With Adami Garbel Brut Prosecco

The makers and wannabe makers of Prosecco are shooting themselves in the foot by securing permission to expand the production area in Italy’s northeastern Veneto region. Oh, sure, they’ll ship off hundreds of thousands more cases of the popular sparkling wine to the United States and doubtless earn tons of money, but, as was long the case with Soave, increasing acreage tends to decrease quality.

NATIONAL BUSINESS

Sales of Midsize Cars Shrink as Buyers Go Smaller

DETROIT (AP) – You can't drive far without seeing a Toyota Camry, Honda Accord or Ford Fusion.

Livestock Farmers Say Ethanol Eats Too Much Corn

DES MOINES, Iowa (AP) – Livestock farmers are demanding a change in the nation's ethanol policy, claiming current rules could lead to spikes in meat prices and even shortages at supermarkets if corn growers have a bad year.

NATIONAL POLITICS

Economy Could Suffer if Tax Cut, Jobless Aid End

WASHINGTON (AP) – A tax cut that reaches 160 million Americans and government aid for the long-term unemployed will expire at the end of the year – sucking $165 billion out of the economy next year – unless Congress takes action.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 64 324 13,221
MORTGAGES 107 477 17,235
FORECLOSURE NOTICES 20 82 3,380
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 67 276 12,619
BUSINESS LICENSES 22 87 4,576
UTILITY CONNECTIONS 71 487 19,380
MARRIAGE LICENSES 28 122 4,031

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