VOL. 124 | NO. 248 | Friday, December 18, 2009
After 12 years with the organization, Jeff Sanford is stepping down from his position as president of the Center City Commission, the group that encourages and supports Downtown development. His resignation will be effective July 1.
Rick Wood, senior vice president for Financial Federal Savings Bank, recently gave a speech about the drastic decline in institutional lending for commercial real estate loans.
When it comes to trends, commercial real estate usually lags residential real estate, sometimes by as much as a year. So with the housing market showing its first signs of improvement during the last month or so, the commercial sector needs to prepare itself for a long, bumpy road to recovery.
Wyatt Aiken launched his commercial real estate career in 1983, the same year he graduated from Tulane University with an MBA. As the New Orleans native first looked for jobs, he interviewed in a handful of Southeastern U.S. cities, but never considered Memphis.
There probably will be fewer divisions in city government sometime early next year.
Tax break in hand, Smith & Nephew can move forward with a $42 million investment to convert an office complex formerly occupied by a casino company into a centralized hub for research, marketing and medical education.
Memphis and Shelby County governments have reloaded in preparation for a high-profile court battle over the area’s foreclosures and the lending practices that accompany them.
The executive search committee for the Regional Medical Center at Memphis unanimously voted Thursday to recommend Dr. Reginald Coopwood to be the chief executive officer for the financially struggling public hospital.
The Memphis-Shelby County Airport Authority on Thursday awarded The Flintco Cos. Inc. an $89.5 million contract to build a state-of-the-art ground transportation facility at Memphis International Airport.
NEW YORK (AP) – FedEx offered a tepid outlook Thursday for the quarter that ends in February, after reporting fiscal second-quarter results fell 30 percent from a year ago.
MEMPHIS, Tenn. (AP) - AutoZone Inc., which sells car and truck parts and accessories, said Wednesday its board approved an additional $500 million in share buybacks as part of its ongoing repurchase program.
NASHVILLE, Tenn. (AP) - The Tennessee Department of Labor and Workforce Development reports the state's unemployment rate dropped to 10.3 percent in November.
NASHVILLE, Tenn. (AP) - The State Funding Board has delayed setting the revenue projections that the governor and lawmakers use to prepare Tennessee's annual spending plan.
NEW YORK (AP) - A forecast of U.S. economic activity rose for the eighth straight month in November, a private research group said, signaling the economic rebound will continue next year.
CHARLOTTE, North Carolina (AP) - Bank of America's new CEO says he doesn't expect to lead a major shift in strategy at America's largest bank when he takes over from Ken Lewis on Jan. 1. But with loan losses continuing to mount amid double-digit unemployment rates, it remains to be seen whether investors will embrace staying the course.
WASHINGTON (AP) - Citigroup Inc. will suspend foreclosures and evictions for 30 days in a temporary break for about 4,000 borrowers during the holiday season.
WASHINGTON (AP) - A Senate panel on Thursday approved the nomination of Federal Reserve Chairman Ben Bernanke to run the nation's central bank for another four years.