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VOL. 125 | NO. 203 | Tuesday, October 19, 2010

'User Friendly'

Incentives boost DeSoto commercial real estate market

With significant commercial real estate progress in 2010, DeSoto County’s stamina has no end in sight, industry professionals say.

DeSoto’s Housing Market Levels Out

The DeSoto County residential market seems to be leveling off after several years of declining numbers. Sales figures for the year-to-date are slightly up, showing small surges and dropoffs after possibly bottoming out in 2008 and 2009.

Olive Branch Enjoying Fruits of Labor

The spring and summer of 2010 will go down as seasons to remember in Olive Branch.

Economic Development Top Priority for Flanagan

Since the establishment of the DeSoto County Economic Development Council in 1978, the county has seen the development of numerous industries, jobs and capital investment.

Business License Filings Down 15 Percent in Q3

Entrepreneurship in Shelby County dipped in the third quarter from the same period a year ago with the number of business privilege licenses decreasing by 15 percent.

Local Weather
Currently
Memphis, TN
66.0°F
Fair
Wind: South at 9.2 mph
Humidity: 54%

EVENTS

The Memphis Rotary Club will meet Tuesday at noon at the University Club of Memphis, 1346 Central Ave. Dr. Fred Azar, team physician for the Memphis Grizzlies, will speak. Cost is $18 per person. Advanced reservations are required. For reservations, e-mail Taylor Hughes at taylor@memphisrotary.org.

more events »

Luttrell Appoints Needham To Public Works Post

Shelby County Mayor Mark Luttrell has appointed Tom Needham as the new county director of public works. Needham heads a list of mayoral appointments changing the leadership of the department.

Lawsuit Alters Charter Fight Strategies

For most of this year, the consolidation charter effort was just under the political radar.

Local TARP Profits Lining Up For Fed

The federal government has so far turned a nearly $93 million profit from the investment of emergency capital into Memphis-area banks as part of its larger rescue of the nation’s financial system in 2008.

Shoppes at Misty Meadows Sells to Hariom Enterprise

3810 Hacks Cross Road, Memphis, TN 38125, Sale Amount: $1.9 Million -
Hariom Enterprise Inc. has bought a strip shopping center called The Shoppes at Misty Meadows at 3810 Hacks Cross Road from The Bank of New York Mellon Trust Co. NA, as trustee, for $1.9 million.

A Look Ahead: Economics 2020

As currency skirmishes and unorthodox central bank activity force theory into practice, new economics chapters are being written daily. For this week’s submission I will try to clarify 2010’s Federal Reserve strategy in textbook fashion…circa 2020.

MEMPHIS AREA

Harrah's Entertainment Going Public Again With IPO

LAS VEGAS (AP) — Harrah's Entertainment Inc., the world's largest casino company, says it plans to become a public company again nearly three years after it was taken private.

STATEWIDE

150K Ballots Cast in Early Voting So Far

NASHVILLE, Tenn. (AP) — More than 150,000 people have cast ballots through the first four days of early voting in Tennessee.

34th Annual SEUS-Japan Meeting Held in Nashville

NASHVILLE, Tenn. (AP) — Gov. Phil Bredesen says maintaining a strong relationship with Japan will benefit Tennessee and other Southern states as the economy starts to improve.

GE to Invest $432M to Revamp Appliance Business

NEW YORK (AP) — GE plans to spend $432 million to establish four U.S.-based refrigeration design and manufacturing centers that will be the focus for its new energy efficient line of refrigerators and other appliances.

REGIONAL

12 Lenders Tap Into TARP Program

JACKSON, Miss. (AP) — Mississippi businesses and consumers who struggle to gain credit can turn to nearly a dozen lenders in the state that have received more than $250 million in low-cost capital from the Treasury Department under the Troubled Asset Relief Program.

Grant Allows Upgrade to Ark. Crime Victim Website

LITTLE ROCK, Ark. (AP) — A $500,000 federal grant to the Arkansas Crime Information Center will be used to upgrade a website for crime victims.

Blytheville Working on New Greyhound Station

BLYTHEVILLE, Ark. (AP) — Construction has resumed on the new Greyhound station in Blytheville.

NATIONAL BUSINESS

Industrial Production Falls 0.2 Percent in September

WASHINGTON (AP) — Sluggish spending by businesses and consumers is causing factories to cool their production after they helped lift the economy out of recession.

NATIONAL POLITICS

Productive Congress Gets No Respect From Voters

WASHINGTON (AP) — The public panned it. Republicans obstructed it. Many Democrats fled from it. Even so, the session of Congress now drawing to a close was the most productive in nearly half a century.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 102 224 17,767
MORTGAGES 127 277 20,703
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 176 510 36,326
BANKRUPTCIES 54 146 11,828
BUSINESS LICENSES 21 80 5,640
UTILITY CONNECTIONS 27 147 12,181
MARRIAGE LICENSES 11 60 4,417

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