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VOL. 127 | NO. 227 | Tuesday, November 20, 2012

Heritage Trail Plan Raises Concerns

While the focus of the Heritage Trail Community Redevelopment Plan is on public housing projects Cleaborn Pointe at Heritage Landing and Foote Homes, the 20-year plan has far reaching implications for Downtown stakeholders, especially real estate developers.

Retail Rebranding

Collierville mall gets new name thanks to new ownership

Collierville has lost an avenue. The town’s 60-acre “lifestyle center” – the largest in the Memphis metropolitan area – has changed its name as part of a transition started this spring, when Memphis-based Poag Lifestyle Centers bought what then was known as The Avenue Collierville.

Smalley Leads American Esoteric Laboratories During Growth Initiative

American Esoteric Laboratories, the largest independent provider of esoteric and clinical laboratory services in the region, is poised for strategic growth as Dr. David L. Smalley takes the helm as the new president at its Memphis headquarters.

Elvis Presley Boulevard Work Big Moment for Neighborhood

As early afternoon truck traffic on Brooks Road mixed with after-school traffic Friday, Nov. 16, on Elvis Presley Boulevard, a few tourists from the Graceland area mixed with several dozen local government and business leaders at the visitors center at the intersection.

Green Ballast Installs Smart Lighting for Belz

Commercial real estate developer Belz Enterprises is installing vapor tight fluorescent fixtures with Green Ballast Inc.’s light ballasts in a structured parking garage facility in Memphis.

Local Weather
Today
Memphis, TN
39°F
Cloudy
Wind: 5 mph
Humidity: 76%

EVENTS

Talk Shoppe will hold an open microphone discussion, “Hot Topics in Your Industry,” Wednesday, Nov. 21, from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Ave. Cost is free. Visit talkshoppe.biz.

more events »

REAL ESTATE RECAP

Delek Buys Lion Oil Facility for $6.4 Million

1023 Riverside Drive Memphis, TN 38106

LOCAL COLUMNISTS

Exchanging Violence for Hope

Last week we shared four volunteer opportunities with the McKellar Lake Cleanup, Starry Nights at Shelby Farms Park, Memphis Athletic Ministries and their after-school program, and the Memphis Crisis Center. This week let us discuss an organization that is focused on breaking the cycle of child abuse and neglect by replacing abusive and violent behavior with effective parenting skills: The Exchange Club Family Center.

Investment Strategies After the Election

Status Quo After billions of dollars in campaign costs, thousands of TV and radio advertisements, hundreds of campaign rallies, fundraisers and speeches, the voters spoke on Tuesday. What was the result? We are essentially right back to where we started.

GOVERNMENT AGENDA

Memphis City Council Agenda

The Memphis City Council will meet Tuesday, Nov. 20, 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.

NATIONAL BUSINESS

Average US Credit Card Debt Per Borrower Up in Third Quarter

LOS ANGELES (AP) – Americans cranked up their use of credit cards in the third quarter, racking up more debt than a year ago, while also being less diligent about making payments on time, an analysis of consumer-credit data shows.

Unions Show Muscle, Spent Millions in State Races

WASHINGTON (AP) – When Maggie Hassan won the New Hampshire governor's race last week, it wasn't just a victory for her fellow Democrats.

NATIONAL GOVERNMENT

Labor Board Promises Quick Action on Wal-Mart Case

NEW YORK (AP) – Federal labor officials vowed Monday they will decide quickly whether to support a request by Wal-Mart Stores Inc. to stop a union-backed group from pushing worker walk-outs at hundreds of stores on Friday, the traditional start of the holiday shopping season.

REAL ESTATE

Five Big US Banks Cut Mortgage Balances by $6.3 Billion

LOS ANGELES (AP) – Five of the biggest U.S. banks have cut struggling homeowners' mortgage balances by $6.3 billion, part of a total $26.1 billion in home loan relief provided under a landmark settlement over foreclosure abuses.

Home Sales Rise 2.1 Percent

WASHINGTON (AP) – U.S. sales of previously occupied homes rose solidly in October, helped by improvement in the job market and record-low mortgage rates.

TECHNOLOGY

Holiday Shopping Essential: Black Friday Apps

Retailers expecting a tepid holiday shopping season are pulling out all the stops to attract customers to their stores this year – including embracing the enemy.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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