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VOL. 127 | NO. 210 | Friday, October 26, 2012

Brinkley Plaza Sells to Olymbec for $7.2M

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Milestone Celebration

Java Cabana’s 20th year honors ‘a way of life’

In a few weeks, a quirky Midtown coffeehouse that brims over with culture, from the poetry readings to the bric-a-brac inside to the owner who loves a good poem and the J.J. Abrams TV series “Lost,” will celebrate a milestone.

Appeals Court Rules Photo Library Cards Are Voter ID

Photo library cards the city of Memphis began issuing this summer can be used as valid identification for the Nov. 6 elections.

School Board Majority Backs Sales Tax Hike

Twelve of the 23 countywide school board members have signed a letter urging voters to approve a half-cent countywide sales tax hike in the Nov. 6 elections.

EdR’s Net Income Rises in Q3

EdR reported a net income of $489,000 in the third quarter, the Memphis-based collegiate housing real estate investment trust reported after market close on Thursday, Oct. 25.

Local Weather
Today
Memphis, TN
45°F
Partly Cloudy
Wind: 3 mph
Humidity: 49%

EVENTS

Remington College-Memphis Campus will celebrate its 25th anniversary Saturday, Oct. 27, from 10 a.m. to 2 p.m. on campus, 2710 Nonconnah Blvd. The event will include kids’ activities, music, health checks and more. Cost is free. Call 800-448-6405.

more events »

J.D. Byrider Brings First Franchise To Memphis

The nation’s largest used car franchise company has entered the Memphis market. Carmel, Ind.-based J.D. Byrider has inked 30,900 square feet at 2580 Mount Moriah Road, marking the company’s second Tennessee dealership.

International Paper Earnings Drop

Memphis-based International Paper Co. posted net earnings for the third quarter of $237 million compared to $468 million the same period a year ago, a 49 percent drop.

GiVE 365 Names Nine Grant Recipients

DeNeuville Learning Center. KIPP Memphis Collegiate Schools. Shelby County Books from Birth. WriteMemphis.

Delta Looks Ahead to December Refleeting

Delta Air Lines executives are about to refleet. Leaders of the Atlanta-based airline with a hub in Memphis will roll out details at a December investors day conference in Atlanta.

Public Hearings Begin On Main to Main Connector

Downtown Memphis Commission president Paul Morris calls it “Main Street to Main Street Over The Harahan.”

NBA Approves Pera as New Grizzlies Owner

Thanks to a unanimous vote of approval from the NBA Board of Governors, Robert Pera is a few days away from being the new owner of the Memphis Grizzlies.

MEMPHIS STANDOUT

Eyewear Gallery’s Newest Addition Takes Pride in Rich Heritage

The Eyewear Gallery’s newest addition, Dr. Do Nguyen, is proud of his heritage. His family emigrated to the United States from Vietnam by way of Indonesia as a part of the mass migration from the war-torn country that occurred in the late 1970s and early 1980s.

SPORTS

Grizz Bench, Outside Shooting Hitting Stride

Don’t make too much of the preseason. That’s a mantra that has been well-tested. But also, don’t make too little of the preseason.

More Than Pujols Can Say

When manager Tony La Russa retired and slugger Albert Pujols went panning for gold in California, there was no reason to expect the St. Louis Cardinals’ 2012 season would stop just a game short of the World Series.

LOCAL COLUMNISTS

Half-Penny For Their Thoughts

FULL OF HOPE.

Success Found in Details

Part two of a three-part series on proposal writing Need money? Write a grant proposal. If only life in the nonprofit sector were so simple. Writing a proposal to a foundation is about much more than writing. Our conversation with professional proposal writer Marlene Lynn points out the important subtleties involved in securing foundation grant funds. For example, a well-written proposal is not necessarily a funded proposal. We asked Lynn about the difference between the two.

STATEWIDE

Forrester Won't Run Again to Head Tennessee Democrats

NASHVILLE, Tenn. (AP) — Embattled Tennessee Democratic Party Chairman Chip Forrester has decided not to seek a third term in charge of the state party.

Nashville Poll Workers Trained to Challenge Voters

NASHVILLE, Tenn. (AP) — A Davidson County election training session is coming under scrutiny for teaching poll workers to challenge voters they believe may not be U.S. citizens.

REGIONAL

Permits Sought to Study Putting Turbines in River

NATCHEZ, Miss. (AP) — A company continues to study the feasibility of putting power-generating turbines in the Mississippi River.

Drought Holds its Grip as Growers Pivot to Wheat

ST. LOUIS (AP) — The worst U.S. drought in decades showed little sign of easing last week as farmers closed out their corn and soybean harvests and turned their attention to winter wheat, which has been struggling to break through the moisture-starved soil in some states, according to a weekly report.

NATIONAL BUSINESS

Weak Business Spending Drags on US Growth

WASHINGTON (AP) — Companies are holding off on purchases of computers, industrial equipment and other long-lasting manufactured goods, a trend that's slowing the U.S. economy.

Weekly US Jobless Aid Applications Fall

WASHINGTON (AP) — Weekly applications for U.S. unemployment aid fell last week to a seasonally adjusted 369,000, a level consistent with modest hiring.

REAL ESTATE

Sales Contracts to Buy US Homes Rose Last Month

WASHINGTON (AP) — The number of Americans who signed contracts to buy homes rose only slightly, suggesting sales may level off in the coming months after solid gains in the past year.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 63 269 16,682
MORTGAGES 85 313 21,745
FORECLOSURE NOTICES 0 56 4,322
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 65 287 15,829
BUSINESS LICENSES 16 67 5,558
UTILITY CONNECTIONS 126 413 23,986
MARRIAGE LICENSES 22 94 5,129

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