VOL. 125 | NO. 242 | Tuesday, December 14, 2010
Electrolux, a Swedish home appliance manufacturer, will open a Memphis manufacturing plant that will employ 1,300 people initially.
CRE market strives for recovery after brutal slump
The commercial real estate market is poised for a comeback in 2011, as investment sales show signs of recovery and occupancy slowly improves to meet supply.
After being vacant for more than a year, Memphis Motorsports Park sold at a live auction Tuesday morning for slightly less than $1.9 million.
First Tennessee Bank’s top brass can cross two big items off the company to-do list.
Perhaps more than any other commercial real estate sector, the retail market is braced for positive change in 2011.
As a prominent investment and leasing firm and one of the most active real estate investment trusts in the Memphis market, Highwoods Properties Inc. routinely made commercial real estate headlines in 2010.
According to commercial lending figures over the past two years, things are not going very well in the industry.
The Memphis City Schools (MCS) board is scheduled to vote Monday Dec. 20 on a charter surrender resolution.
The Memphis-Shelby County Industrial Development Board this week will consider a three-year, $2.4 million tax break for Memphis window covering manufacturer Dalphis Holdings LLC.
Farmers usually wait until spring to start digging, but on Saturday the Memphis Farmers Market broke ground on an expansion that will mean more local produce in the coming year.
In the large bowl of alphabet soup that is education reform, it is known as MET.
Four Lots In Winstead Farms, Loan Amount: $971,250 -
Magnolia Homes Inc. has financed four lots in Winstead Farms planned mixed-use development in Lakeland through Regions Bank NA for $971,250.
Predictions Please Last week I did an interview for Fox Business News on the outlook for 2011. Ironically, I did the same spot a year ago and made predictions for 2010. What surprised me, as I reviewed the old segment, was how similar the conditions for my 2010 and 2011 predictions were. To be fair, for 2010 I motioned toward an S&P 500 year-end number of 1300 (a number the host found ludicrous) and we have fallen short of that. The S&P stands today at 1240, 60 points away. To achieve my 2010 prediction, the S&P would need to rally another 5 percent – possible, though not probable. No matter, we will just parlay that differential into 2011. So what could 2011 provide?
NEW YORK (AP) – Call it the pregame show for Santa and his elves.
NASHVILLE (AP) – Republican Gov.-elect Bill Haslam has named former Chattanooga Times Free Press publisher Tom Griscom to his transition team.
NASHVILLE (AP) – O'Charley's Inc. has closed 11 of its namesake restaurants and five of its Ninety Nine restaurants due to underperformance. The restaurant chain expects to incur a fourth-quarter charge of about $5 million related to the closings.
NASHVILLE (AP) – Democratic Gov. Phil Bredesen says his administration's work with Republican Gov.-elect Bill Haslam is different from his own experience coming into office eight years ago.
NASHVILLE (AP) – Tennessee House Democrats, still recovering from the drubbing they got in the November election, are trying to begin rebuilding by choosing new leadership that could include the state's first African-American as minority leader.
NEW YORK (AP) – The number of homeowners who owe more than their houses are worth fell for the third straight quarter this summer.
WASHINGTON (AP) – The Federal Reserve last month absorbed a wave of criticism for announcing it will buy $600 billion in Treasury bonds to try to revitalize the economy. It won't help, critics said.
WASHINGTON (AP) – The government says it will release official 2010 census results that will be used to redistribute House seats on Dec. 21.