VOL. 123 | NO. 16 | Thursday, January 24, 2008
'07 commercial real estate sales up despite larger economic woes
Large transactions involving apartment complexes and hotels dominated Shelby County's commercial real estate landscape in 2007, a year that saw increased sales amid an overwhelming economic slowdown.
Local fans of the HBO television series "The Wire" probably would say the cop show's depiction of Baltimore bears a startling resemblance to Memphis.
For more than 10 years, the Community Legal Center has been part of the Memphis legal community. Its mission is to provide legal services to the poor. Its two major focuses are an immigration program and a pro se clinic.
Though Shelby County's commercial real estate performed well through most of 2007, sales declined more than 8 percent in the fourth quarter, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
Someday soon, while sitting in your lawyer's waiting room, you'll be able to brush up on local history.
Pyramid Harbor developer Greg Ericson calls it "the spaghetti bowl area" - the tangle of exit and entrance ramps from the Memphis side of the Hernando DeSoto Bridge. One of the entrance ramps is precisely where Ericson wants to build one of the hotels in the $250 million proposal that takes in The Pyramid, Mud Island River Park and other land on the mainland side of the Memphis harbor.
Former Memphis Light, Gas & Water Division president Joseph Lee and former Memphis City Councilman Edmund Ford will be back in federal court Friday. Both men are due to appear before U.S. District Judge Hardy Mays for a report date in advance of their pending trials on bribery and corruption charges.
NASHVILLE (AP) - A state senator wants to require labeling for all genetically altered food sold in Tennessee.
NASHVILLE (AP) - Lawmakers are considering a proposal to exempt churches from a state law that requires "No Smoking" sings be posted at their entrances.
NASHVILLE (AP) - Democrats are criticizing several state senate Republicans they say supported abortions under certain circumstances but have changed their stances in a proposal to dial back constitutional protections for abortion rights in Tennessee.
ATLANTA (AP) - Regional bank SunTrust Banks Inc. said Wednesday its fourth-quarter earnings fell 99 percent due to rising loan loss provisions and a loss related to bailing out investment funds.
WASHINGTON (AP) - U.S. homebuilders, lenders and other struggling companies could receive hefty one-time tax refunds this year and next under a provision of the economic stimulus plan percolating in Washington.
WASHINGTON (AP) - The deficit for the current budget year will jump to about $250 billion under Congressional Budget Office figures released Wednesday, as a weaker economy and lower corporate profits weigh on the government's fiscal ledger.
Janice C. Pilot is the new deputy police director for the city of Memphis.