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VOL. 127 | NO. 50 | Tuesday, March 13, 2012

Different Methods Yield RE Data Gaps

The Memphis Area Association of Realtors began tracking home sales based on recorded dates instead of closing dates in January 2011, a method real estate information company Chandler Reports has been using when gathering data for its market reports since its founding in 1968.

‘Positive Message’

Hiring figures, job fairs signal encouraging – albeit slow – turnaround

The most recent figures from the Tennessee Department of Labor and Workforce Development show a falling jobless rate for the Memphis metro area.

Harahan Bridge Plan Now Centerpiece Connecting Main Streets

The plan to build a bicycle and pedestrian boardwalk on the northern side of the Harahan Bridge Downtown is now part of a larger plan to connect Main Street Memphis to Broadway Avenue, the Main Street of West Memphis, Ark.

Commission Sends Redistricting Vote to Court

By the Shelby County Charter, the Shelby County Commission voted down a redistricting plan Monday, March 12, when the plan up for third and final reading got seven votes – two short of the nine needed.

Decision Could Go Until August In Bartlett

Two of the five suburban towns and cities pursuing municipal school districts have their May 10 referendums on the ballot and a second one scheduled for Aug. 2.

Local Weather
Today
Memphis, TN
59°F
Mostly Cloudy
Wind: 0 mph
Humidity: 64%

EVENTS

Remington College Memphis will hold a blood drive Tuesday, March 13, from 8 a.m. to 2 p.m. and 5 p.m. to 8 p.m. on its campus, 2710 Nonconnah Blvd. The blood drive is part of Remington College’s 3 Lives campaign, an effort to increase the number of minority blood donors. For more information, call 800-448-6405.

more events »

UPDATE: Mays Weighs Mistrial in Petties Case

A .45 caliber gun was used to kill Marcus Turner by the side of an Olive Branch road.

Petties Case Court Documents Suggest Post Conviction Plans

Toward the end of the prosecution’s case last week in the Craig Petties drug organization trial, jurors heard a corrections officers say that Clinton Lewis, one of the two defendants, told Carlos Whitelow, another member of the organization, to keep quiet and not tell prosecutors anything about the organization.

Tennessee Public Panels Inconsistent on Notices

NASHVILLE (AP) – Tennessee has at least 200 boards and commissions that do everything from promoting soybeans to licensing dentists to overseeing the state’s colleges and universities. Almost all of them are required to invite the public to attend their meetings, but the way they do that is inconsistent at best.

AP Source: Peyton Manning to Meet With Tennessee

NASHVILLE (AP) – A person familiar with the situation says the Tennessee Titans will be visiting with four-time NFL MVP Peyton Manning in his search for a new team.

‘Sew’ Unusual: Store Aims to Break Rules

A business is planning to open at 688 S. Cox St., and it’s breaking all of the rules.

REAL ESTATE RECAP

Site Work for St. Jude Tower Part of Permit Application

315 Danny Thomas Place, Memphis, TN 38105 -
St. Jude Children’s Research Hospital is in construction mode. A $5 million building permit application has been filed with the city-county Office of Construction Code Enforcement to begin work on a seven-story tower at 315 Danny Thomas Place, next to the Chili’s Care Center.

LOCAL COLUMNISTS

Defining Memphis: The Wrap-Up

Last week we spotlighted more heartfelt responses to the question: “What does Memphis mean to you?” It has been amazing, over the last few weeks, to have Memphians share their personal thoughts and how they define our great city. This week let us offer one last set of colorful responses – but I encourage you to keep the conversation alive as we work together to create our Memphis narrative and spread it worldwide.

Memphis: Industrial Small Giant

The Memphis Metro is an interesting industrial market. Like many other markets, we’ve begun to see positive signs in the numbers: We ended 2011 with positive absorption of more than 1.6 million square feet.

STATE GOVERNMENT

Former Congressman Files Voting Fights Lawsuit

NASHVILLE (AP) – Former Congressman Lincoln Davis has filed a federal class-action lawsuit asking Tennessee officials to restore the voting rights of citizens who were wrongfully purged from the list of eligible voters.

NATIONAL GOVERNMENT

Feds Release Health Overhaul Blueprint for States

WASHINGTON (AP) – Tackling a huge logistical challenge, the Obama administration Monday released an ambitious blueprint for states to match up uninsured Americans with coverage that's right for them under the health care overhaul law.

TECHNOLOGY

Apple's Market Clout Likely to Draw More Scrutiny

SAN FRANCISCO (AP) – In everything it does, from product design to business deals, Apple strives for as much control as possible.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 0 55 1,534
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 77 334 5,293
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 0 81 1,422

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