VOL. 127 | NO. 138 | Tuesday, July 17, 2012
Bar Louie, an Addison, Texas-based neighborhood restaurant and bar franchise, is the latest retail tenant that has signed on for Overton Square.
Local musicians serenade trolley riders
When the Memphis and Shelby County Music Commission first tried out its idea recently to put local musicians aboard the Downtown trolley to entertain passengers, singer Nancy Apple led a kind of trial run.
Memphis City Council members Jim Strickland and Kemp Conrad want the city to consider the deannexation of the South Cordova area taken in by the city of Memphis earlier this month.
Though the main attraction at a private gathering at the Dixon Gallery & Gardens Monday, July 16, included former President George W. Bush, it was a mostly nonpolitical evening.
Shelby County’s mortgage market is continuing to turn a corner, with more buyers during the second quarter signing on the dotted line and bankers handing over a shiny new set of keys.
Local banks and mortgage lenders made 7 percent more mortgages during June 2012 than they did in June 2011, according to data from real estate information company Chandler Reports, www.chandlerreports.com.
Shelby County Commissioners put off electing a chairman for the next year’s term Monday, July 16, after 21 rounds of voting in which no one got seven votes.
Hillwood Investment Properties has bought an industrial portfolio in Southeast Memphis for $37.25 million from TIAA Realty Inc., augmenting the Dallas-based commercial real estate firm’s budding local footprint.
Medical device company Teleflex Inc. has inked a substantial lease in DeSoto County, continuing to reduce the availability of Class A bulk inventory in the local industrial market.
Memphis City Council members take a final vote Tuesday, July 17, on a Nov. 6 ballot question that would raise the local option sales tax rate in Memphis by half a percent.
The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) Friday officially opened its first business center in the state of Tennessee at 158 Madison Ave., Suite 101, in Downtown Memphis.
Republicans have the suburban ballot questions on municipal school districts. Democrats have outrage over the voter photo ID state law.
The way to a court challenge of Tennessee’s voter identification law from Memphis takes a few twists and turns away from the polling place.
GOVERNMENT AGENDA
The Memphis City Council will meet Tuesday, July 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
5837 Distribution Drive, Memphis, TN 38141 -
Memphis-based CLI Inc. has bought the 102,570-square-foot warehouse at 5837 Distribution Drive in Hickory Hill for $1.3 million from Tenoh LLC. The sale closed July 11.
LOCAL COLUMNISTS
Last week we discussed tnAchieves, which is an initiative focused on increasing higher education opportunities for Tennessee students by providing last-dollar scholarships with mentor guidance. This week let us spotlight a volunteer-powered agency serving as an emotional lifeline through compassionate, non-biased, 24-hour live telephone support: the Memphis Crisis Center.
MEMPHIS AREA
MEMPHIS, Tenn. (AP) — A year after the Mississippi River swelled to near-historic proportions and flooded farms and homes from Illinois to Louisiana, the level along the waterway's southern half is so low that cargo barges have run aground and their operators have been forced to lighten their loads.
STATEWIDE
NASHVILLE, Tenn. (AP) — The Tennessee Department of Education has released a report to lawmakers that addresses educators' concerns about the way certain test scores are used to evaluate teachers.
NASHVILLE, Tenn. (AP) — Tennessee will hold six hearings on the Affordable Care Act provision of essential health benefits.
NATIONAL BUSINESS
WASHINGTON (AP) — The outlook for the U.S. economy appeared dimmer Monday after a report that Americans spent less at retail businesses for a third straight month in June.
WASHINGTON (AP) — The global economy will grow more slowly over the next two years, according to the International Monetary Fund's latest forecast.
WASHINGTON (AP) — U.S. companies added to their stockpiles in May. But their sales fell for a second straight month, adding to worries that the economy has slowed.
NATIONAL GOVERNMENT
WASHINGTON (AP) — The highest earning Americans would pay a top rate of 23.8 percent for capital gains and dividends next year under a $272 billion, one-year extension of tax cuts that Senate Democrats are circulating among themselves.
HEALTH CARE
WASHINGTON (AP) — Yes, if Mitt Romney wins the White House and his Republican allies retake the Senate, he could shred most of President Barack Obama's health care law without having to overpower a Democratic filibuster.