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VOL. 123 | NO. 16 | Thursday, January 24, 2008

Breaking the Mold

'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.

Family Court Advocates Compare Baltimore, Shelby County

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.

Meg Jones, Community Legal Center Increase Focus on Immigrant Population

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.

Q4 Commercial Sales Down 8 Percent

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.

Updated History of Memphis Legal Profession in the Works

Someday soon, while sitting in your lawyer's waiting room, you'll be able to brush up on local history.

Local Weather
Currently
Memphis, TN
55.0°F
A Few Clouds
Wind: Northwest at 5.8 mph
Humidity: 26%

EVENTS

The Memphis Area Association of Realtors will hold a seminar titled "WHM: Getting Your Buyer Qualified For Affordable Financing" today from 8:30 a.m. to 12:30 p.m. at the MAAR offices, 6393 Poplar Ave. Cost is $40 for members and $60 for nonmembers. Registration is available by visiting www.maar.org/ce.

more events »

Ericson Piggybacks Ideas On Other Proposed Projects

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.

Latest Hearing For Ford, Lee Could Tie up Loose End

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.

State Lawmaker Wants Labeling Requirement for Genetically Altered Food

NASHVILLE (AP) - A state senator wants to require labeling for all genetically altered food sold in Tennessee.

Proposal Would Exempt Churches From 'No Smoking' Signs

NASHVILLE (AP) - Lawmakers are considering a proposal to exempt churches from a state law that requires "No Smoking" sings be posted at their entrances.

Senate Democrats, Republicans Spar on Proposed Abortion Measure

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.

SunTrust 4Q Earnings Tumble 99 Percent

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.

Banks, Homebuilders, Others Could Get Fattened Tax Refunds Under Stimulus-Plan Provision

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.

CBO Predicts Federal Budget Deficit Will Rise to $250 Billion as Economy Weakens

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.

Pilot Promoted to Deputy Director of MPD

Janice C. Pilot is the new deputy police director for the city of Memphis.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 61 331 19,904
MORTGAGES 80 391 23,305
FORECLOSURE NOTICES 0 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 35 231 13,335
BUSINESS LICENSES 28 76 6,213
UTILITY CONNECTIONS 0 125 13,120
MARRIAGE LICENSES 21 94 4,936

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