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VOL. 119 | NO. 151 | Tuesday, August 23, 2005

Commercial Sales Maintain Steady Pace

Memphis-area retail transactions lead real estate sector

International Paper's recent decision to relocate its global headquarters to Memphis could be viewed as an overall reflection of the city's commercial real estate sector. Memphis is experiencing a steady level of commercial investment activity, led by a surge in retail transactions.

Underutilized Downtown Properties Await Development

The 29-story Sterick Building at 8 S. Third St. was once the city's premier office building - and was the tallest structure in the region for several decades.

BNSF Buys Cargill Site as Part of Expansion

4943 Stepherson Road, Memphis, TN 38118, Cost: $16 million -

Local Weather
Currently
Memphis, TN
31.0°F
Fair
Wind: Calm mph
Humidity: 79%

EVENTS

The government relations committees of the Collierville, Bartlett and Germantown Area Chambers of Commerce host a lunch with U.S. Sen. Lamar Alexander from 11:30 a.m. to 1 p.m. Wednesday at Ridgeway Country Club, 9800 Poplar Ave. Call 372-9457, 853-1949 or 755-1200 for more 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.