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VOL. 121 | NO. 72 | Friday, March 31, 2006

Daily Digest

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118 Acres in Arlington Bought for $1.78 Million

Forrest Road LLC has purchased two parcels of vacant land in Arlington from Winstead Turf Farms Inc. for $1.78 million. The property, which totals 118.53 acres, is on the north side of Forrest Road near Louisville & Nashville railroad line. The mortgage allows for a possible right-of-way to extend the railroad. Forrest Road LLC financed the sale for $1.76 million through BankPlus, with the loan due Sept. 20.

EmergeMemphis Enters Partnership with FedEx

EmergeMemphis, the city's business and technology incubator that houses 24 start-up companies, will begin sharing space this summer with one of the biggest names in the corporate world: FedEx. By mid-summer, the FedEx IT Innovation Group will begin occupying half of the third floor of EmergeMemphis' 516 Tennessee St.
facility.

Wharton and Osradker Honored at Rotary Luncheon

FedEx chairman and CEO Frederick W. Smith presented an annual Public Servant Award to Shelby County Mayor A C Wharton Jr. Wednesday at the Rotary Club of Memphis East's third annual Bobby Dunavant Public Servant Awards at the Peabody Hotel. The non-elected official award was presented posthumously to Dorothy Osradker, a senior assistant city attorney who served for 61 years in city government. She died in February.

St. Mary's Places High In Mock Trial Competition

St. Mary's Episcopal School recently took second place in the 26th annual Tennessee State High School Mock Trial Competition in Nashville. Students on the team included Martha Gillon, Jenny Guyton, Natalie Jacewicz, Maddy Pryor, Lauren Bowden, Kate Foster, Liv Wafler, Morgan Jordan and Divya Moolchandani.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 74 312 15,378
MORTGAGES 125 389 20,168
FORECLOSURE NOTICES 23 109 3,995
BUILDING PERMITS 431 872 36,714
BANKRUPTCIES 54 232 14,575
BUSINESS LICENSES 9 64 5,193
UTILITY CONNECTIONS 71 312 22,129
MARRIAGE LICENSES 10 83 4,746

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