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VOL. 127 | NO. 124 | Tuesday, June 26, 2012

School Board Looks for Consensus

After effectively ruling out Kriner Cash last week as the leader of the consolidated Shelby County school system, school board members now turn to a decision about how to select that superintendent.

Game Plan

Potential Grizz owner is also a ‘tough CEO’

Editor’s Note: This is the first in a three-part series looking at Robert Pera, the potential new owner of the Memphis Grizzlies.

Big-Box Vacancies Prove Hard To Fill

The closing of big-box stores in recent years belonging to the likes of Borders Group Inc., Circuit City Inc. and others has left suburban shopping centers around the country with lots of space to fill.

New Ideas for Fairgrounds Emerge As Bass Pro Project Moves Ahead

A C Wharton Jr. noted last week that as Shelby County mayor he signed the paperwork selling Shelby County government’s partial ownership interest in The Pyramid to the city of Memphis. And as Memphis mayor, he signed the paperwork making the city’s exclusive ownership of The Pyramid official.

Heritage Garden Showcases Delta’s Ag History

Memphis Botanic Garden has unveiled a new garden to honor the heritage of the Mississippi River Delta.

Local Weather
Currently
Memphis, TN
91.0°F
A Few Clouds
Wind: West at 11.5 mph
Humidity: 50%

EVENTS

The Memphis Rotary Club will meet Tuesday, June 26, at noon at the University Club of Memphis, 1346 Central Ave. James Rogers, director of Memphis Animal Services, will speak. Cost is $18 per person. Email Taylor Hughes at taylor@memphisrotary.org for reservations.

more events »

REAL ESTATE RECAP

FedEx Express Files Permit App For Airways Blvd. Construction

3851 Airways Blvd., Memphis, TN 38116 -
FedEx Express is moving ahead with plans to build on Airways Boulevard. The company, a division of FedEx Corp., has applied to the city-county Office of Construction Code Enforcement for a $30.2 million building permit to construct a mixed-use building at 3851 Airways Blvd. Flintco Inc. is listed as the project’s general contractor.

LOCAL COLUMNISTS

Fun Ways To Give Back This Weekend

Last week we highlighted MidSouth Sober Living, which is a local nonprofit creating sober living, transitional housing centers for those embarking on a new start in life. Now that summer has revved into high gear, let us share some opportunities to enjoy the weekend while easily and affordably giving back to our community.

Be Proactive During Appraisal Process

Many in the real estate industry have tried to blame the market’s distressed condition and delayed recovery of the housing market on appraisers, saying that appraisers are at fault for producing opinions of value that don’t match a home’s contract or sales price or an owner’s estimate of value for refinancing purposes.

NATIONAL BUSINESS

Public Stations May Get OK for Political Ads

NEW YORK (AP) – A federal court decision has created the possibility that some public television and radio stations that are perpetually challenged financially could see a windfall of cash from political advertising.

NATIONAL GOVERNMENT

High Court Rejects Part of Arizona Immigration Law

WASHINGTON (AP) – The Supreme Court threw out key provisions of Arizona's crackdown on illegal immigrants Monday but said a much-debated portion could go forward – that police must check the status of people stopped for various reasons who might appear to be in the U.S. illegally.

REAL ESTATE

New-Home Sales Rose at Fast Pace

WASHINGTON (AP) – Americans bought new homes in May at the fastest pace in more than two years. The increase suggests a modest recovery is continuing in the U.S. housing market, despite weaker job growth.

HEALTH CARE

FDA Probes Safety Issues With Metal Hip Implants

WASHINGTON (AP) – Metal hip replacements implanted in a half-million Americans may be failing earlier than expected, but it could be years before U.S. health regulators have a clear picture of the scope of the problem.

TECHNOLOGY

T-Mobile USA to Buy, Swap Spectrum With Verizon

NEW YORK (AP) – Verizon Wireless on Monday said that it has agreed to sell some wireless spectrum rights to T-Mobile USA and swap others, in a continuing quest to get regulators to approve a bigger spectrum deal it has worked out with a consortium of cable companies and another wireless carrier.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
FORECLOSURE NOTICES 10 70 1,928
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762
BUSINESS LICENSES 23 184 4,083
UTILITY CONNECTIONS 22 166 4,847
MARRIAGE LICENSES 16 81 2,625

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