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VOL. 126 | NO. 1 | Monday, January 3, 2011

Eastgate Sells for $31.5 Million

The Eastgate Shopping Center on Park Avenue in East Memphis has sold to a Dallas-based entity for $31.5 million from Belz Enterprises, according to documents filed with the Shelby County Register of Deeds.

Change of Pace

Magnolia Homes answers demand for smaller product

In this buyer’s market, one local homebuilder is responding to customer feedback in a big way – by going small.

Biz Travel Professionals Look to Rebound

Despite earlier predictions that business travel growth would decline in the latter half of 2010, it instead saw a slow rise – and that rise is expected to continue.

Cohen Forecasts "Difficult" Year In Congress

U.S. Rep. Steve Cohen said earmarks have turned into “phonemarks” in the new Congressional reality. And that new reality will be “difficult” for the city.

County Commission Overrides Luttrell IT Veto

Shelby County Commissioners voted Friday to override a veto by County Mayor Mark Luttrell of the ground rules for a new more centralized information technology (IT) system for county government.

Local Weather
Currently
Memphis, TN
82.0°F
Partly Cloudy
Wind: from the South at 11.5 gusting to 20.7 mph
Humidity: 67%

EVENTS

The Church Health Center will offer a six-week course in smoking cessation beginning Tuesday at 6 p.m. at the Church Health Center Wellness, 1115 Union Ave. The course is free to members and open to the community for a $60 fee. To register, call Sheila Harrell at 259-4673, ext. 1606, or visit www.churchhealthcenter.org.

more events »

Shoemaker Readies New Office

Two months after a fire damaged some of the company’s office space in Germantown and put its disaster recovery plan to the test, Shoemaker Financial is well on the road to rebuilding.

Standoff Continues Between School Systems

The standoff between Shelby County’s two public school systems never really went on the back burner during the Christmas and New Year’s holiday break.

Youth Villages to Hold Foster Care Seminars

Youth Villages is hoping some Mid-Southerners will make it their New Year’s resolutions to foster or adopt a child.

Builders’ Floors & Interiors Diversifies During Tough Economy

When Gwen Christensen opened Builders’ Floors & Interiors in 1997, she did it with a small business loan, a solid base of knowledge about her products and a list of contacts she’d built during 10 years in independent sales.

15 Most Significant Things in 2010

The year 2010 goes down as one of the worst in history for small businesses. Some 400,000 folded. The rest limped and cut and cut and redid and looked for new revenue. The innovative and coyotes of the bunch survived to earn the right to the G.R.B.O. – Great Recession Business Owner – designation on their business cards. There were events, beautiful and ugly, best and worst, in Small Business Land. Here are some:

Giving a Gift That Saves Lives

Last week, I offered a suggestion for a New Year’s resolution, which was to be more intentional about picking up trash and motivating others to help clean up our city, as much for beautification as for pride. This week, let us look at adding a resolution that helps save lives.

THE MEMPHIS NEWS

What Happens Next

Take a good look around you, Memphis.

Last Year’s Momentum Must Continue in 2011

Plenty happened in 2010 by chance. But more of the events covered in these pages seemed to have at least started as conscious efforts to make things better.

Brooks Unreels Film Series

The Memphis Brooks Museum of Art this month continues a long-running tradition of adding moving pictures to its collection of visual arts with a series of independent films meant to warm up cold January nights.

As Calendar Turns to New Year, Recipe for Success Unchanged

It takes a particular poverty of the imagination to quote the opening of “A Tale of Two Cities” every time one writes a story summing up a year, and yet 2010 truly does seem as if it were “the best of times and the worst of times” in the local restaurant business.

Drum Roll: Here are 2010’s Best Wines

Let’s look back at 2010 in Memphis Grapevine.

REAL ESTATE

Signed Contracts to Buy Homes Up 3.5 Pct. in Nov.

NEW YORK (AP) – The number of people who signed contracts to buy homes rose in November, the fourth increase since hitting a low in June. Even with the gains, this year is shaping up to be the worst for home sales in 13 years.

NATIONAL BUSINESS

Pew Study Hints at What Web Users Will Pay For

NEW YORK (AP) – The Web may seem like the land of something for nothing. Free video. Free news. Even free tools such as word processing and spreadsheets.

Local Deals Site Groupon Raises $500 Million

NEW YORK (AP) – Groupon, the fast-growing Internet startup that offers local deals and discounts to members, has raised $500 million of the $950 million it is planning to collect in its latest financing round.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 95 253 13,695
MORTGAGES 96 261 15,827
FORECLOSURE NOTICES 0 21 2,160
BUILDING PERMITS 250 500 28,258
BANKRUPTCIES 57 178 8,828
BUSINESS LICENSES 31 85 4,650
UTILITY CONNECTIONS 0 60 5,453
MARRIAGE LICENSES 9 57 2,951

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