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VOL. 128 | NO. 53 | Monday, March 18, 2013
EMPHASIS Commercial Real Estate

The Panama Effect

Canal expansion should spark more cargo, CRE demand in Memphis

The expansion of the Panama Canal will affect the supply chain of businesses across the country, including those involved in Memphis industrial real estate.

Reappraisal to Impact Office Market

For the first time in history, the property value of the once-every-four-year reappraisal is going down, and it has some commercial real estate property owners concerned.

Holtzclaw on Front Line of Myriad Real Estate Projects

Anna Holtzclaw’s footprint is on property all over Memphis.

Boyle Celebrates 80 Years, Sponsors Art Exhibit

Boyle Investment Co. turns 80 this year, and has partnered with the Memphis Brooks Museum of Art to celebrate.

Local Weather
Today
Memphis, TN
41°F
Fair
Wind: 8 mph
Humidity: 49%

EVENTS

Rhodes College and the Stax Museum of American Soul Music will present the Charles Lloyd Sky Trio Monday, March 18, in the McCallum Ballroom of the Bryan Campus Life Center on campus, 2000 North Parkway. The concert celebrates Lloyd’s 75th birthday and the museum’s 10th anniversary. Visit rhodes.edu.

more events »

Mortgage Activity Slows in February

Mortgage activity in Shelby County began 2013 by shifting into a higher gear, but someone tapped the brakes in February.

New York Firm Buys Distribution Center for $24.7 Million

Gramercy Capital Corp. has acquired Hacks Cross Logistics Center Building 1 in Olive Branch for $24.7 million from Hillwood Investment Properties.

County Commission Weighs School Merger Changes

Shelby County Commissioners might discuss Monday, March 18, the idea of restructuring the countywide school board for a third time in the last year and a half.

GOVERNMENT AGENDA

Shelby County Commission Agenda

The Shelby County Commission will meet Monday, March 18, at 1:30 p.m. in the Shelby County Administration Building, 160 N. Main St. Click on the meeting icon for an agenda.

SMALL BUSINESS SPOTLIGHT

Wills Stewarding Growth of East Memphis Land

For Walter Wills III, taking care of his neighborhood and the surrounding area is one of his life tasks.

LOCAL COLUMNISTS

The Problem With Problem Solving

Years ago I stumbled across an interesting book titled “The Logic of Failure” by Dietrich Dörner. The main premise of the book is that if you are not careful, the side effects of some solutions will make things worse.

STATE GOVERNMENT

Bill to Halt Renaming of Confederate Parks

NASHVILLE (AP) – A proposal to bar local governments from renaming parks or monuments honoring Tennessee's military figures is headed to the governor for his consideration.

REGIONAL

New York Mayor: Mississippi ‘Anti-Bloomberg’ Bill Ridiculous

NEW YORK (AP) – New York City Mayor Michael Bloomberg is chiding the Mississippi Legislature for passing a bill pre-empting local food restrictions.

NATIONAL BUSINESS

Strong Auto Output Boosts US Factory Production

WASHINGTON (AP) – A strong increase in auto output boosted U.S. factory production last month, the latest sign that manufacturing is helping drive economic growth after lagging for much of 2012.

Carnival Returns to Profit; Travelers Fear Mishaps

MIAMI (AP) – The world's largest cruise line has suffered through a number of high-profile mishaps. Yet passengers continue to book vacations thanks to discounts, albeit at a slower pace.

NATIONAL GOVERNMENT

Foreign Holdings of US Debt Rise to $5.62 Trillion

WASHINGTON (AP) – Foreign demand for U.S. Treasury securities rose to a record level in January, providing evidence that international investors remain confident in U.S. debt despite on-going budget battles in Washington.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 378 15,444
MORTGAGES 67 456 20,235
FORECLOSURE NOTICES 12 121 4,007
BUILDING PERMITS 175 1,046 36,888
BANKRUPTCIES 58 290 14,633
BUSINESS LICENSES 16 80 5,209
UTILITY CONNECTIONS 76 388 22,205
MARRIAGE LICENSES 28 111 4,774

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