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VOL. 125 | NO. 51 | Tuesday, March 16, 2010

Dollar Signs Follow Dollar Stores

Perhaps the most telling CRE trend that has emerged of late was underscored by Scott Barton of CB Richard Ellis-Memphis at last month’s Commercial Property Forecast Summit.

First Mayoral Debate Finds Differing Views of MED

Interim Shelby County Mayor Joe Ford declared the Regional Medical Center has been “saved.”

CRE Market Sweats Tight Times

From Downtown to the eastern suburbs, from the airport to Millington, the landscape is bleak for commercial real estate brokers.

Local CRE Market Falters in February

All the talk about commercial real estate’s doldrums is bolstered by Shelby County’s latest numbers, which underscore how much the sector is still hurting.

Wolfchase Mall Loses Appeal of Higher Property Value

The most expensive property in Shelby County got even pricier in 2009.

Local Weather
Currently
Memphis, TN
50.0°F
Fair
Wind: from the Northwest at 13.8 gusting to 19.6 mph
Humidity: 39%

EVENTS

The Better Business Bureau of the Mid-South will present a breakfast series session titled “Classifying & Paying Your Employees” today from 7:30 a.m. to 9 a.m. at the Better Business Bureau, 3693 Tyndale Drive. For reservations, contact Nancy Crawford at 757-8627 or ncrawford@bbbmidsouth.org.

more events »

Finish Line in Sight for Renovation Of Memphis Business Academy

3306 Overton Crossing, Memphis, TN 38127, Loan Amount: $1.9 Million -
The Memphis Business Academy has filed a $1.9 million loan through Regions Bank to renovate its building at 3306 Overton Crossing St. in Frayser.

Commission Punts Adjustment Board Reappointments

Shelby County commissioners have delayed reappointing two members of the local Board of Adjustment, the appointed body that hears appeals of zoning ordinances.

GTx, Merck Part Ways

Memphis-based GTx Inc. has ended its partnership with Merck & Co. to develop a drug to prevent wasting and muscle loss in cancer patients.

Register Preps for Lower Revenue in 2011

Shelby County Register of Deeds Tom Leatherwood is building his office’s budget for next year around the assumption it will probably collect a little less fee revenue than it did this year.

VA Doc’s Research In National Journal

Research led by Dr. William C. Cushman of the VA Medical Center in Memphis is the focus of an article published Sunday in The New England Journal of Medicine.

STATEWIDE

Tennessee Readies for Next Generation 911

KNOXVILLE, Tenn. (AP) – The Tennessee Emergency Communications Board is aiming for the technology to make local emergency centers across the state ready for Next Generation 911 beginning in early 2011.

120,000 Tennesseans Have Alzheimer's Disease

NASHVILLE, Tenn. (AP) - The Alzheimer's Association says 120,000 persons have the disease in Tennessee and the figure is projected to be 140,000 by 2025.

NATIONAL BUSINESS

Fed May Hint At How Long Rates Will Stay at Lows

WASHINGTON (AP) – Federal Reserve policymakers may signal at their meeting this week how and when the improving economy will lead them to start raising record-low interest rates.

FCC Unveiling Sweeping National Broadband Plan

WASHINGTON (AP) - Communications regulators are unveiling a sweeping proposal to overhaul U.S. broadband policy. Their aim: to bring affordable, high-speed Internet connections to all Americans and make access much faster for people who already have broadband.

REAL ESTATE

Borrowers Wait for Answers on Obama Loan Plan

WASHINGTON (AP) - Hundreds of thousands of homeowners are in limbo waiting to find out if they will be accepted for the Obama administration's foreclosure prevention program.

Homebuilder Sentiment Index Falls in March

LOS ANGELES (AP) - Harsh winter weather and competition from deeply discounted foreclosures are putting a damper on sales prospects for homebuilders.

NATIONAL POLITICS

US Census Forms Arrive in the Mail: What to Expect

WASHINGTON (AP) - Let the count begin.

Dodd Unveils Plan to Tame Financial Markets

WASHINGTON (AP) - A Democratic Senate bill to tame the financial markets would give the government new powers to break up firms that threaten the economy and would force the industry to pay for its failures.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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