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VOL. 121 | NO. 162 | Monday, August 21, 2006

'Cautious Optimism' Permeates Industrial Market

Observers say sector's development potential still ticking upward

After a few dark years followed by a tentative climb, the Memphis-area industrial development market is creeping further into the light.

Former Immigrant Among Out-of-Towners Buying Memphis Industrial Real Estate

It's perhaps an understatement to say that Moshe Silagi, a Southern California developer who functions most of the time on less than six hours of sleep a night, loves the art of the real estate deal.

Crichton Hosts Golf Classic To Benefit Athletics Department

Aug. 21

Local Weather
Currently
Memphis, TN
65.0°F
Overcast and Windy
Wind: from the Northwest at 32.2 gusting to 46.0 mph
Humidity: 73%

EVENTS

The Memphis Area Association of Realtors (MAAR) Commercial Council sponsors a Commercial Real Estate Environmental Issues Forum Thursday from 8:30 a.m. to 10 a.m. at MAAR's Martin Edwards Jr. Education Center, 6393 Poplar Ave. Don Bradford, associate principal of EnSafe Inc., is the featured speaker. Topics will include an update on environmental liability management and tools available to manage environmental issues associated with real estate transactions. Cost is free for members and $15 for non-members. Call 818-2428 for information.

more events »

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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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The Memphis News: Business, politics, and the public interest.