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VOL. 127 | NO. 112 | Friday, June 8, 2012

NY-Based Retail Owner Defaults on $25.6M Loan

Four retail properties across six parcels in Collierville and Cordova owned by affiliates of New York-based Nightingale Properties are in default and facing foreclosure.

Hitting the Road

MPO gathers public opinion on development in Interstate 269 corridor

Before Kate Hendrix of the Metropolitan Planning Organization could get started at Baker Community Center in Millington this week, a woman in the front row wanted to know where Interstate 69 would be built.

FedEx Freight Hikes Rates 6.9 Pct.

FedEx Freight customers will pay a higher rate starting July 9 for most shipments in North America.

Fla. Company Buys Cordova Retail Center

Coral Springs, Fla.-based Swiss Capital Group LLC has acquired The Shops of Woodland Hills in Cordova for $3.1 million.

150 Years Later: City’s Role Remembered

The 150th anniversary of the Civil War arrived in Memphis this week with plans to return cannons to Confederate Park and lots of contemporary views about the battle of Memphis in which no cannons were fired from land.

Local Weather
Currently
Memphis, TN
73.0°F
Mostly Cloudy
Wind: from the South at 11.5 gusting to 17.3 mph
Humidity: 94%

EVENTS

The Greater Memphis Chamber will host “A Conversation With … Jack Truong” Friday, June 8, from 11:30 a.m. to 1 p.m. at Memphis Cook Convention Center, 255 N. Main St. The Electrolux president will provide an update on the company’s timeline, jobs and more. Cost is $35 for members and $40 for nonmembers. Contact Tunga Lee at tlee@memphischamber.com or 543-3571.

more events »

Center Promotes Russian, Southern Link

Anna Terry, president of The Russian Cultural Center of Memphis, will travel to Washington Tuesday, June 12, for a reception with Russian Ambassador Sergei Kislyak.

Haslam Signs Trio of Anti-Crime Bills

Tennessee Gov. Bill Haslam signed a trio of anti-crime measures into law during a Wednesday, June 6, visit to Bartlett.

MEMPHIS STANDOUT

EDGE Agency’s Dillihunt Loves Selling Memphis

One good way of determining a person’s love for the city in which they live is to ask them to sell that city to other people.

LOCAL COLUMNISTS

City’s Music Hitting Some High Notes

THE MEMPHIS SOUND HAS A NEW GIG. Memphis has had plenty of superstars, but the beat behind them and underneath and around them, the bass they stood on, the lead they followed, the brass that announced them and made them royalty – that beat was a superstar all by itself.

Conference Can Help Fund Your Movement

Part three of a three-part series Knowledge, resources and relationships build fundraising for grassroots organizations. The Grassroots Institute for Fundraising Training provides all three.

STATEWIDE

Ex-US Rep. Tanner Joining Southeast Law Firm

NASHVILLE (AP) – Former U.S. Rep. John Tanner of Union City is one of 37 additional attorneys to join an expanding major law firm's Nashville office.

REGIONAL

Mississippi Revenue is Up, But Maybe Not Enough

JACKSON, Miss. (AP) – Mississippi tax collections are up, but lawmakers say state agencies still might face budget cuts during the 2013 session.

Record Cotton Yield Possible in Northeast Arkansas

JONESBORO, Ark. (AP) – The weekend rainfall caused a leap in the majority of northeast Arkansas' cotton crop, University of Arkansas Extension Service officials say.

NATIONAL BUSINESS

US Consumer Cut Back on Credit Card Use in April

WASHINGTON (AP) – Americans cut back sharply on their credit card purchases in April, a sign that some may be worried about the slowdown in hiring.

Unemployment Applications Fall to 377K

WASHINGTON (AP) — The number of people applying for U.S. unemployment benefits fell last week for the first time in five weeks. But the drop suggests only modest job growth after three months of weak hiring.

NATIONAL GOVERNMENT

Fed Proposes Stricter Capital Rules for Banks

WASHINGTON (AP) – The Federal Reserve wants U.S. banks to set aside more money to cushion against unexpected losses, a key step in preventing another financial crisis.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 78 13,921
MORTGAGES 93 93 16,098
FORECLOSURE NOTICES 5 5 2,207
BUILDING PERMITS 242 242 28,995
BANKRUPTCIES 59 59 8,985
BUSINESS LICENSES 29 29 4,730
UTILITY CONNECTIONS 37 37 5,570
MARRIAGE LICENSES 37 37 3,019

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