VOL. 127 | NO. 75 | Tuesday, April 17, 2012
As the new year got under way, it didn’t look like Shelby County’s mortgage market was going to be ringing in 2012 with a bang.
In terms of mortgage activity, the month of March mirrored the first quarter trend – things are picking up.
Downtown hotels launch yearly rooftop party series
The Peabody hotel is poised to join the Madison Hotel in launching its newest round of rooftop revelry this week, and the mission for this year’s shindigs is the same as always.
Memphis-based FedEx Corp. is in negotiations to buy Tatex, a 36-year-old French shipping company that focuses on heavy shipments of parts and technology across of France.
This year marks a decade of existence for the Memphis Area Association of Realtors’ Commercial Council, the trade organization for the commercial real estate profession and its related sectors.
Memphis Mayor A C Wharton Jr. takes his budget proposal to the Memphis City Council at the Tuesday, April 17, council session.
Bobby White knows how many people identify Westside Middle School. And it goes back to the school’s existence as a high school.
When Holden Potter, president of the Memphis Chapter of the Public Relations Society of America, was tasked with coming up with this year’s Vox Awards theme, he challenged the planning team to dwell on the realm of public relations and what professionals in the industry truly do for a living.
GOVERNMENT AGENDA
The Memphis City Council will meet Tuesday, April 17, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.
REAL ESTATE RECAP
7491 Wyndhurst Place or 7455 Wolf River Blvd., Germantown, TN 38138 -
New York-based Sentinel Real Estate Corp., working under the name VA Germantown LLC, has bought The Colonnade at Germantown apartments for $23.1 million from DMARC 2006-CD2 Wyndhurst Place LLC, an entity affiliated with Miami-based special service lender LNR Partners LLC.
LOCAL COLUMNISTS
Last week we highlighted the Salvation Army, which is working everyday to fight hunger, homelessness, addiction, poverty and abuse here in the Mid-South. This week, let us discuss an organization that is educating children in urban areas of Memphis, affording them opportunities to learn, grow and succeed in a faith-based environment regardless of their socioeconomic status: the Jubilee Schools.
On March 21, 2012, Mayor A C Wharton Jr. took a step that will put the City of Memphis on the road to recovery by creating a fraud hotline to report fraud, waste and abuse and ethics violations. As long as those who investigate the complaints for Memphis conduct thorough all-encompassing investigations – the creation of the hotline will be a “game changer” for the city, its employees and the taxpayers.
NATIONAL BUSINESS
WASHINGTON (AP) – Americans bought more electronics, started home improvement projects and updated their wardrobes last month, inspired by warmer weather and a healthier job market.
WASHINGTON (AP) – U.S. companies restocked at a steady pace in February, suggesting businesses are more hopeful about the economy's prospects this spring.
WASHINGTON (AP) – Driven by high gas prices and an uncertain economy, Americans are turning to trains and buses to get around in greater numbers than ever before. But the aging transit systems they're riding face an $80 billion maintenance backlog that jeopardizes service just when it's most in demand.
NATIONAL GOVERNMENT
WASHINGTON (AP) – The General Services Administration inspector general said Monday that he's investigating possible bribery and kickbacks in the agency, as a central figure in a GSA spending scandal asserted his right to remain silent at a congressional hearing.
HEALTH CARE
WASHINGTON (AP) – Tornado, hurricane or flood, nursing homes are woefully unprepared to protect frail residents in a natural disaster, government investigators say.