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VOL. 125 | NO. 76 | Tuesday, April 20, 2010

Lehman Bros. Reclaims Midtown Acreage

The continuing saga of the Midtown land slated for a major mixed-use redevelopment took another twist Monday morning when the lender reclaimed the property for $3.15 million on the Shelby County Courthouse steps.

Getting Creative

Event nudges musicians to think in biz terms

Mark Montgomery urged musicians to cultivate their capitalist sides at the recent “Memphis GRAMMY GPS: A Roadmap For Today’s Music Biz.”

Biz Licenses Down From Year Ago

Business licenses issued during the first quarter of this year plunged 31 percent from a year ago – a steep drop that could be an anomaly.

Commercial Appeal, Union To Discuss Latest Contract Offer

Representatives of The Commercial Appeal and its employee union will try to find some middle ground when they meet this weekend to resolve contract negotiations that have dragged on for six years.

State Files Permit to Replace Oakhaven Driver Service Center

3200 E. Shelby Drive, Memphis, TN 38118, Permit Amount: $2.6 Million -
The Tennessee Department of Safety has filed a $2.6 million permit with the city-county Office of Construction Code Enforcement to build a driver service center at 3200 E. Shelby Drive in Oakhaven.

Local Weather
Memphis, TN
Partly Cloudy
Wind: Southeast at 4.6 mph
Humidity: 82%


The Greater Memphis Chamber will hold a lunch and learn today from 11:30 a.m. to 1 p.m. at Bethel University, 5885 Ridgeway Center Parkway. The lunch and learn is free for members and prospective members. To register, contact Alexis Rutland at 543-5311 or arutland@memphischamber.com.

more events »

Marking Your Territory: Strategic Marketing

I bet you didn’t know that your dog could teach you a thing or two about marketing.

Pyramid, Bass Pro Talks Move to Lease Terms

City of Memphis leaders and executives from Bass Pro Shops meet Tuesday to begin talking lease terms for The Pyramid.

Despite Slight Uptick, March Numbers Show Struggling Market

Shelby County’s commercial real estate market is doing what it can to hold steady amid a crumbled economy.

Kramer, Crone Form New Alliance

Chances are that discussions of the coming May elections will be off-limits at the water cooler of a newly formed law firm Downtown.

Early Voting Kicks Off For Primaries

Early voting in advance of the May 4 Shelby County primary election day went countywide on Monday.


Retired Priest Arrested after Abuse Allegations

GREENEVILLE, Tenn. (AP) - A retired Roman Catholic priest has been arrested amid an investigation into charges he sexually assaulted a boy from his Kingsport parish more than 30 years ago.


AG: 'Jesus is Lord' Plate Likely Unconstitutional

NASHVILLE, Tenn. (AP) - The state's attorney general says a proposal to create a specialty license plate in Tennessee that says "Jesus is Lord" is probably unconstitutional.

Rep. Campfield Asks Judge to Dismiss Libel Lawsuit

NASHVILLE, Tenn. (AP) - Republican state Rep. Stacey Campfield of Knoxville wants a libel lawsuit against him dismissed because he says he didn't know he was repeating false information about a Democratic candidate on his blog.


Report: Countrywide Financial Being Probed

NEW YORK (AP) - A newspaper is reporting that federal authorities are picking up the pace in a criminal investigation of former mortgage giant Countrywide Financial Corp. and its role in the meltdown in 2007 and 2008 of the U.S. housing and finance industries.


Leading Indicators Jump 1.4 Percent, Topping Estimates

NEW YORK (AP) – A gauge of future economic activity jumped 1.4 percent in March, the fastest pace of growth in 10 months.

Fed Paper Looks at Ways to Detect Risks

WASHINGTON (AP) - An early warning system to detect financial problems before they reach crisis proportions must allow policymakers to better pinpoint areas of excessive risk-taking, according to a new Federal Reserve paper released Monday.

US Lawmaker: Suit Should Affect Republicans

WASHINGTON (AP) - The chairman of the Senate Banking Committee said Monday that the U.S. government's fraud lawsuit against Goldman Sachs should dissuade Republicans from attempting to block financial regulations pending before the Senate.


Court to Hear Fired Reservist's Appeal

WASHINGTON (AP) - The U.S. Supreme Court will review the case of a fired hospital worker who claims he lost his job over his service in the U.S. Army Reserve.

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PROPERTY SALES 86 374 7,749
MORTGAGES 89 414 9,199
BUILDING PERMITS 197 1,007 16,607
BANKRUPTCIES 45 279 5,406

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