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VOL. 125 | NO. 11 | Monday, January 18, 2010

Angst Lingers Behind Uptick In Biz Permits

Permits issued for businesses to operate in Shelby County during 2009 indicate a rebound in entrepreneurship, but tight credit and economic angst continue to be a drag on activity.

Steady Clip for Court Cases in ’09

Civil court filings for 2009 were higher than the previous two years, according to data from The Daily News Online.

Q4 Shows Tepid Business Activity

Entrepreneurship during the last quarter of 2009 showed only a tepid uptick of 1 percent from the same period a year ago, as indicated by the number of business licenses issued.

Q4 Court Filings Show Quest For Monetary Awards

Slightly more than 2,500 civil lawsuits were filed in Chancery, Circuit and Probate courts during the fourth quarter of 2009.

First Tennessee Vows To Cooperate With FHA Inquiry

The number of First Tennessee Bank’s new mortgage loans in 2009 was down more than 50 percent from the previous year, partly a result of the bank selling its mortgage division to MetLife Bank in late 2008.

Local Weather
Currently
Memphis, TN
36.0°F
Fair
Wind: South at 12.7 mph
Humidity: 70%

EVENTS

Metropolitan Inter-Faith Association will honor the legacy of Dr. Martin Luther King Jr. with a birthday celebration Monday at 10 a.m. at its Midtown headquarters, 910 Vance Ave. The event is free and open to the public and will include music, a keynote address by Bartholomew Orr, senior pastor at Brown Missionary Baptist Church, cake and volunteers will participate in a special holiday meals delivery. For more information, call 529-4544.

more events »

Condo Market Sees Strong Rebound in December

The latest sales numbers show the Downtown condominium market is making a slow and steady recovery, but perhaps the most telling sign that things are improving can be gleaned from a recent deal brokered by real estate agent Jason Durston.

Makeda’s Expands Cookie Goodness to Midtown

Tamika Heard has opened her own branch of Makeda’s Homemade Butter Cookies, the business her parents started 10 years ago.

Buena Vista Apartments in Frayser Foreclosed, Sold to Atlanta Company

3431 N. Trezevant St., Memphis, TN 38127, Sale Amount: $1.3 Million -
The 112-unit Sunrise Terrace Apartments at 2080 Winchester Road in Whitehaven sold at the end of last month for $1.3 million to a Montreal-based entity called Sunrise Memphis Corp. The seller was Sunrise Apartments LLC, which had acquired the complex in a 2007 quitclaim deed.Built in 1964, the Class D complex contains 91,556 square feet in about a dozen buildings. The property sits on 6.74 acres along the north side of Winchester Road just west of its intersection with Airways Boulevard. The Shelby County Assessor of Property’s 2009 appraisal of the apartment complex was $1 million. In conjunction with the purchase, the buyer filed an $895,000 deed of trust, security agreement and assignment of rents and leases through PAR Investments LLC. Eric Ouanounou signed the trust deed as president of Sunrise Memphis. Tim Kosen signed the warranty deed as chief manager of Sunrise Apartments, whose address is in San Diego.

THE MEMPHIS NEWS

Square Deal Undone

A facelift has been in the works for about a year for a Midtown landmark that long ago succumbed to the real estate equivalent of jowls and wrinkled skin. But after months of planning, it now appears the proposed nips and tucks for Overton Square, a roughly 10-acre hodgepodge of shops, restaurants and a movie theater, won't be happening after all.

Square's History as Varied as it's Buildings

The idea of changing Overton Square may be controversial, but in its 40-year history, the entertainment district has been all about change of one kind or another.

New Playhouse a Traffic Generator In Itself

Playhouse On The Square arrived in Overton Square in 1975, setting up shop in what had been Lafayette’s Music Room. The theater company, formed in 1963 by two Overton High School students as The Circuit Players, has become an influential landowner and landlord in the area.

Strong Case Must Made for Overton Square Revamp

In a city where movement tends to be to the east, Overton Square seems to have drifted to the south.

County Mayor Talks About How to Save The MED

Finding additional funding for The Regional Medical Center at Memphis was going to be the top priority of whoever would become interim Shelby County mayor late last year.

Opera Memphis to Spice Up ‘Orpheus’ With Vocal Options

Opera Memphis’ coming production of Gluck’s “Orpheus,” opening Friday, presents audiences with an unusual decision to make. With three performers in three vocal ranges cast in the lead role, audiences can choose from three very different versions of the same production.

Tipping a Tricky Business Behind Scenes at Area Restaurants

Editor’s Note: This is the first in a series about tipping in local restaurants.               

7 Deadly Zins Zinfully Delectable

Brothers Michael and David Phillip, fifth-generation grape-growers and winemakers in California’s Lodi district, know how to have fun.

MEMPHIS AREA

FedEx to Raise Freight Prices by 5.9 Percent

NEW YORK (AP) – FedEx says it will raise prices at its freight and national trucking unit by 5.9 percent on Feb. 1.

STATEWIDE

THP to Target Commercial Vehicles

NASHVILLE (AP) – The Tennessee Highway Patrol will target commercial vehicles this year in a campaign similar to others focusing on drunken drivers, motorists not wearing seat belts and drivers violating laws in work zones.

STATE LEGISLATURE

Bredesen 'Mule Team' Finishing Education Money Bid

NASHVILLE, Tenn. (AP) - Administration officials and consultants worked Friday to complete Tennessee's application for $485 million in federal "Race to the Top" money while lawmakers sought to reconcile differences on a bill seen as key to the state's bid.

Tenn. Gubernatorial Hopefuls Hold Education Forum

NASHVILLE, Tenn. (AP) - Tennessee's seven major gubernatorial hopefuls touted their education goals in a candidate forum at Belmont University on Thursday.

NATIONAL POLITICS

Ford Jr. Makes Tough Bid for Liberal NYers' Affections

NEW YORK (AP) - The last time Harold Ford Jr. ran for the U.S. Senate, he spoke proudly about his pickup truck, his "friend" President George W. Bush, his support for Chief Justice John Roberts and a voting record that "doesn't describe a liberal."

NATIONAL BUSINESS

Consumers Are Squeezed as Inflation Outpaces Wages

WASHINGTON (AP) - American families were squeezed last year as their inflation-adjusted weekly wages fell 1.6 percent – the sharpest drop since 1990 – even as consumer prices rose only modestly.

Winter Can Chill Your Workplace and Your Cash Flow

NEW YORK (AP) - This winter's long cold snap has made people across the country miserable. Many small business owners are going to feel even worse when they see their heating bills.

Worth it? Extras to Speed Through Airline Security

ATLANTA (AP) - Laptop bags that may not require you to remove your computer. Luggage concierge services that enable you to check your bags before you arrive at the airport. PDAs to display your mobile boarding pass.

Charge Cards: How the 'Other' Plastic Works

NEW YORK (AP) - It's not a credit card or a debit card. If you've never had a charge card, you may wonder how it compares to the plastic you already carry.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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