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Editorial Results (free)

1. Shortages of Serviced Lots, Skilled Labor Plague Builders and Developers -

Despite a booming housing market for the past few years, construction on new housing in Memphis still remains low and is considered by some to be the last missing piece of the puzzle.

Two main limiting factors to new home construction in West Tennessee right now, according to Donald Glays, executive director of the West Tennessee Home Builders Association, are a shortage of serviced lots and a shortage of skilled laborers, such as plumbers, electricians, HVAC technicians, framers, roofers and bricklayers – all trades that are seriously underserved.

2. Mortgage Market Sees Small January Dip -

Shelby County’s mortgage market kicked off 2016 reflecting a bit of the backwards step other sectors of the economy, such as the stock market, have taken in recent weeks.

Looking at purchase activity, new mortgage numbers available for January show mortgage volume last month slipped 3 percent to $86.7 million, compared with $89.4 million in January 2015. That’s according to real estate information company Chandler Reports, chandlerreports.com.

3. Roundup: Memphis Financial Firms Stay Busy -

Here’s a look at some of what’s kept Memphis’ financial community busy in recent weeks, from deals to new products and services to personnel changes.

• Lenders in Memphis and Shelby County had a decent October, according to the latest numbers from real estate information company Chandler Reports, www.chandlerreports.com. Purchase loan activity was up 11 percent for the month on a volume basis.

4. Randy Odom Named CEO of Memphis Athletic Ministries -

Randy Odom has been named president and chief executive officer of Memphis Athletic Ministries. Odom joined MAM in 2006 as a neighborhood center director and became chief operating officer in 2012. In his new role, he oversees all operations and programming for 10 neighborhood youth centers that serve more than 900 underserved youth after school each day.

5. We’re All Invited -

MEMPHIS, SERVED IN THE SHELL. Following up last week’s column, this from a reader:

“We have no civic pride, half the population is intent on killing as many as they can and the other part lives behind walls or gates. There was a time in the fifties when you could leave your front door unlocked and keys in the car.”

6. Selling Homes Becomes ‘Forever Job’ for Dacus -

Ashley Dacus got started as a Realtor in the worst possible economic climate, but with residential sales beginning to show signs of life, her optimism has been renewed.

7. Downtown Investment -

Downtown’s housing market is seeing more sales, less time on the market, lower price points and inventory shortages.

There were 51 home sales year to date through February for Downtown’s 38103 ZIP code, a 104 percent increase from the 25 sales through the first two months of 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.

8. ‘More the Merrier’ -

Following a shaky last few years for Overton Square, the area has finally seen tangible evidence of change in recent weeks and the area’s long-term tenants appear to be waiting in anticipation of its new neighbors.

9. Home Browsers -

Amid the fast-pace world of the real estate business, having technology on your side is not only beneficial, but often necessary.

Due to the rising popularity of smartphones, real estate apps and the Web, homebuyers are doing their homework on neighborhoods, schools, amenities and crime well before they pick up the phone and seek professional advice.

10. Real Estate Pros Figuring Out New Reality -

The real estate market isn’t projected to get back to the pre-bubble bursting days of 2007 anytime soon.

It’s part of the new reality that agents across the board are coping with, and it was the heart of the discussion Thursday, Jan. 26, when real estate information company Chandler Reports hosted its “Master Your Market: 4th Quarter 2011 Update.”

11. Seminar Addresses Housing’s ‘New Reality’ -

As real estate professionals gather this week to take a look at the latest numbers and trends, they’ll also get a preview of the road ahead from some of the city’s top residential specialists.

12. Home Sales Climb 18 Percent -

Home sales posted a significant increase last month, but pricing did the opposite due to the market’s surplus of foreclosures.

Shelby County saw 1,025 home sales last month, an impressive 18 percent increase from 871 homes sold during November 2010, according to real estate information company Chandler Reports, www.chandlerreports.com.

13. Revid Rebrands Sales Division as incity Realty -

Revid Realty LLC has changed the name of its real estate sales division to incity Realty. Memphis-based Revid, which has a substantial presence in property management, wanted to differentiate its homes sales efforts with a new brand, said Revid principal broker Debbie Sowell.

14. Revid Rebrands Sales Division as incity Realty -

Revid Realty LLC has changed the name of its real estate sales division to incity Realty.

Memphis-based Revid, which has a substantial presence in property management, wanted to differentiate its homes sales efforts with a new brand, said Revid principal broker Debbie Sowell.

15. Market Factors Give Caution to Younger Homebuyers -

When Jonathan Lyons, 25, went looking to buy a home, he planned each step carefully – he found a good job, enlisted the help of a Realtor, educated himself on the various costs, and got pre-approval from a bank.

16. Staples to Build First Memphis Location -

The world’s largest office products company will soon enter the Memphis market.

Framingham, Mass.-based Staples Inc. has signed a 17,945-square-foot lease at Ridgeway Trace, the shopping center at Poplar Avenue and Interstate 240 developed by Houston-based Weingarten Realty Investors.

17. November Home Sales Slide 24 Percent -

The Shelby County housing market continued to tumble last month, with November home sales falling 24 percent compared with the same month a year ago.

On a brighter note, the monthly average home sales price improved a bit, both from November 2009 and from October.

18. Menlo Bolsters Local Presence With New Lease -

Menlo Worldwide Logistics LLC is expanding its Memphis-area operations with a new 181,000-square-foot lease in ProLogis Park DeSoto in Olive Branch.

19. Events -

Baker, Donelson, Bearman, Caldwell & Berkowitz PC will present “Best Compensation Practices and the Risks They Avoid” Thursday from 8 a.m. to 9 a.m. at Baker Donelson’s office on the 20th floor, 165 Madison Ave. For more information or to register, contact Nicolette Thomas at 577-2328 or nthomas@bakerdonelson.com.

20. Events -

Talk Shoppe will present “How to be Red Hot in a Cool Market” Wednesday from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. For more information, call 482-0354.

21. Bank Sales Slip As Housing Market Rebounds -

People who sold their houses benefited more than banks from the final months of the homebuyers’ tax credit in Memphis, where overall sales during the second quarter of 2010 rose 7 percent from a year ago.

22. Speak Creative Gives Realty Companies Online Edge -

Several years ago, when Speak Creative founder Jacob Savage was working on web design for the local office of a real estate firm, he realized how much industry practitioners rely on technology for success.

23. Annesdale Mansion Listed for $1.2 Million -

Annesdale, commonly referred to as the Snowden Mansion, is on the market for $1.2 million.

Ed Beasley of Sowell & Co. Realtors has the listing, which includes the Italianate villa built in 1850 and seven acres of landscaped grounds. The mansion at 1325 Lamar Ave. is across the street from the University Club.

24. Events -

The Alliance for Nonprofit Excellence will hold a workshop today from 8:30 a.m. to noon at its office, 5100 Poplar Ave., Suite 502. Dione Alexander, vice president of the Nonprofit Finance Fund, Midwest Region, will speak. Cost is $65 for members, $125 for nonmembers and $55 for those in the Program for Nonprofit Excellence. For more information, call 684-6605 or visit www.npexcellence.org.

25. Events -

The Alliance for Nonprofit Excellence will hold a workshop today from 8:30 a.m. to noon at its office, 5100 Poplar Ave., Suite 502. Ken Kimble, director of development and marketing for Boy Scouts of America Chickasaw Council, will speak. Cost is $65 for members and $125 for nonmembers. For more information, call 684-6605 or visit www.npexcellence.org.

26. Open House Events Still Mainstay in Real Estate Biz -

In this age of the Internet, when home shoppers can learn pretty much everything about a property at the click of a button, the concept of an open house might seem passé.

But while some Realtors have significantly reduced the number of open houses they hold each Sunday afternoon, opting instead to post virtual tours online, Elisa Luckey of the Ken Garland Co. finds them extremely beneficial for her practice.

27. Cowles Co. Promotes Green Building -

Bernard Cowles of The Cowles Co. is a firm believer in the environmental mantra of “reduce, reuse and recycle,” and evidence of this can be found at his construction project at Cooper-Young Place, a 33-home site he developed and is building at South Barksdale Street and Elzey Avenue.

28. Rosa Becomes GM at Holiday Inn-Wolfchase -

Chris Rosa has been named general manger of the Holiday Inn and Suites Memphis-Wolfchase. Rosa will be responsible for day-to-day operations of the property. He previously served as vice president of operations for Equity Estates, general manger at the Sheraton Meadowlands and area manger of the Crowne Plaza Ravinia in Atlanta. Rosa also has been named General Manager of the Year by Patriot American Hotels and Hotelier of the Year by the Connecticut Hospitality Association.

29. 2008: Year to Forget in Real Estate -

Of all the real estate storylines from 2008, perhaps the most revealing was that bank sales – i.e., foreclosures – accounted for 37.3 percent of the residential market share in 2008, up from 24.7 percent in 2007.

30. Central Gardens Condominiums Under Renovation -

1676 Central Ave.
Memphis, TN 38104
Loan Amount: $ 750,000

Loan Date: Sept. 18, 2008
Maturity Date: Sept. 17, 2009
Borrower: Belvedere Central LLC
Lender: BancorpSouth Bank

31. Construction Loan Filed For Central Gardens Project -

Belvedere Central LLC has taken out a $750,000 construction loan for the second phase of the Central Gardens Square Condominium renovation project at 1676 Central Ave. The lender was BancorpSouth Bank, and the loan has a maturity date of Sept. 17, 2009.

32. Revid Property Management Has Growth on Mind During Tough Times -

Revid Property Management LLC acquired Midtown Property Management and Realty LLC in August, gaining about 400 new rental units and placing the company and its sister entities, Revid Realty LLC and Revid Design LLC, as one of the largest property management companies in Memphis.

33. York Elected President Of Memphis Tri-State Fence Association -

Bill York, vice president of sales and marketing for Dillard Door and Entrance Central, has been elected president of the Memphis Tri-State Fence Association, a chapter of the American Fence Association (AFA).

34. New Playground Could Become Cooper-Young Rallying Point -

Peabody Elementary School and the Cooper-Young Community Association (CYCA) began 2008 united in what school administrators and neighborhood leaders hope will become a positive partnership through the simple act of play.

35. Let's Grow -

In a thriving community like DeSoto County, numerous public and private projects are under construction, on the drawing board or waiting to be dreamed up.

Whether in progress or in the pipeline, commercial and residential activity should continue to sprout throughout DeSoto, the fastest-growing county in Mississippi and the Mid-South and one of the fastest-growing counties in the nation.

36. Ronald McDonald House Charities of Memphis Names Byrd Executive Director -

Caron Byrd has been hired as executive director of the Ronald McDonald House Charities of Memphis. Previously, Byrd served as deputy manager of the Mid-South chapter of the American Red Cross, where she was employed for more than 11 years.

37. Former Newspaper PublisherJoins Cohen's Staff -      Former Tri-State Defender publisher and editor Marzie Thomas has joined the staff of U.S. Rep. Steve Cohen's Memphis office.
     Thomas, a graduate of Booker T. Washington High School in Me

38. Niche Marketing Works For Real Estate Operations Too -

In any business, it's often a good idea to find a particular niche in which you can excel. That's also true in real estate, with some local companies taking a focused approach in growing their businesses.

39. 'Building Big' and 'Selling High' -

Like most people, Steve and Mary Heath enjoy a little peace and quiet. So when they were hunting for their first house a little more than a year ago, it's no surprise the couple settled on a leafy subdivision in the heart of suburbia.

40. Newcomers Pick Hickory Hill, Cordova -

Moderately priced homes in Shelby County, new construction in Whitehaven and the sustained affordability of the Hickory Hill and University of Memphis neighborhoods have proven most attractive in the past year to the area's newest residents.

41. Estate Planning Council Elects Officers -

The Memphis Estate Planning Council announced the following officers for 2005-2006: David B. Jones, president; Frank E. Davis, vice president; Jeffrey E. Thompson, secretary; James L. Ferguson Jr., treasurer; and Mike Wood, immediate past president. Other executive committee members are Kermit B. Kaiser, Leanne W. McCullough, Samuel N. Graham and Teresa R. Hurst.

42. Archived Article: Lead-special Report - First-time Homebuyers Flood Market

More Newcomers Choose City Locations

Hickory Hill, U of M areas among buyer, renter top spots


The Daily News

As the year draws to a close, home sales continue to occur at a strong pace. P...

43. Archived Article: Real Focus - Midtown Real Estate Remains Steady

Midtown Residential Market Sees Steady Growth


The Daily News

Theres nothing wrong with moving out of the city, if thats what a homebuyer wants to do.

But not everyone has a desire to live...

44. Archived Article: Newsmakers - Crye-Leike Adds Associates to Circle of Excellence

Crye-Leike Adds Associates to Circle of Excellence Crye-Leike, Realtors inducted the following sales associates into its Circle of Excellence as vice presidents within the West Tennessee region: ...

45. Archived Article: Homes (lead) - Interest rates keep homes sales strong

Interest rates keep homes sales strong


The Daily News

Despite a continued economic slump, home sales remained strong in September, and many real estate officials attribute the strength ...

46. Archived Article: Standout - One hundred yards of picturesque grass equals more than a thousand memories to John Sowell

Sowells pride


The Daily News

One hundred yards of picturesque grass equals more than a thousand memories to John Sowell.

The sup...

47. Archived Article: Real Focus - Low interest rate fuels high interest among buyers, sellers

Central Gardens overlooked despite low interest


The Daily News

Driving through Central Gardens, it would seem that the recent rains have coaxed a bumper crop of F...

48. Archived Article: Housing (lead) - By JENNIFER MURLEY Local housing market mirrors strong national sales By JENNIFER MURLEY The Daily News Buoyed by continued low interest rates and optimistic economic indicators, local home sales increased slightly last month in line with strong reg...

49. Archived Article: Neilson (lead) - Crye-Leike acquires Neilson Group Crye-Leike acquires Neilson Group By SUE PEASE The Daily News Crye-Leike Realtors acquired Neilson Group Realtors in Memphis this month in a move designed to bolster the companys Midtown office by about 20 agents, C...

50. Archived Article: Landmark (lead) - By JENNIFER MURLEY Landmarks board puts price on preservation By JENNIFER MURLEY The Daily News Memphis Landmarks will conduct a study to weigh the financial impact of historic preservation. Local government organizations, professional real estate g...

51. Archived Article: real focus - By: JENNIFER MURLEY Interest rates, economy balancing slower home sales By JENNIFER MURLEY The Daily News In the wake of a slowdown in regional home sales and low interest rates, homebuyers are finding themselves in the middle of a buyers market swe...

52. Archived Article: Wages (lead) - Good Earning Power and Affordable Living Make Memphis A Great Place to Live Memphis scores high for wages, housing By MARY DANDO The Daily News News flash for all Memphians not only is it the city of good abode, it is also one of the most affordable...

53. Archived Article: Conagra P.2 - Sowell buys ConAgra's pet unit Sowell buys ConAgra's pet unit Sergeant's Pet Products Inc., a unit of food processing giant ConAgra Inc., said Monday Dallas-based investment firm Sowell and Co. has acquired Sergeant's Pet Products. The company said ...

54. Archived Article: Memos - William H William H. Masters joined the electrical department of Askew Hargraves Harcourt and Associates as an electrical project manager. He earned his bachelors degree from Vanderbilt University and masters degree from the University of Memphis. M...

55. Archived Article: Real Briefs - The West Tennessee Chapter of Associated Builders and Contractors offers for 2000 are Vince Mazzola of Brooks and Mazzola Con The West Tennessee Chapter of Associated Builders and Contractors officers for 2000 are Vince Mazzola of Brooks and Mazzola...

56. Archived Article: Memos - Flynn Named Vice President of Ruth Ann Marshall has been appointed North American Region president for MasterCard International. Marshall formerly was executive vice president at Concord EFS Inc. Stephen J. Flynn has been named vice president of res...

57. Archived Article: Real Fcs (realtors) Lj - By LAURIE JOHNSON The realities of real estate Want a career in real estate? For those with stamina and the right attitude, an agents life can be a rewarding one By LAURIE JOHNSON The Daily News It inevitably happens from time to time in almost ever...

58. Archived Article: Real Fcs Box 2 Lj - By LAURIE JOHNSON MAAR 1999 Leadership Line-Up The Memphis Area Association of Realtors completed its selection Sept. 28 for officers and board of directors members for 1999. They include: 1999 president: Doug Collins, owner/principal broker, Pruden...

59. Archived Article: Real Briefs - ResortQuest buys Abbot Resorts for The Memphis Area Association of Realtors elected six new members to its board of directors on Wednesday who will begin serving two-year terms on the 13-member board in January. Newly elected directors are Brenda Ru...

60. Archived Article: Engine Parts Chg - By CAMILLE H Engine parts company to move Memphis site By CAMILLE H. GAMBLE The Daily News A Meridian, Miss.-based engine parts company is moving to a new location in the Memphis area. The Internal Engine Parts Group Inc., which has a retail and who...

61. Archived Article: Back - Home sales peak in 96 Home sales peak in 96 Memphis area home sales recorded in the Multiple Listing Service reached an all-time high in 1996, according to a report last week from the Memphis Area Association of Realtors. Decembers total of 780 MLS-...

62. Archived Article: Real Focus-hill Lj - lj 10/5 cates MAAR goes to Nashville: "Day on the Hill" gives Realtors insight, input into legislative process By LAURIE JOHNSON The Daily News Field trips arent just for school kids. Last Tuesday, about 45 Memphis Realtors boarded a bus b...

63. Archived Article: Backfill - 01/16 backfill Realtors install 1996 officers, honor members The Memphis Area Association of Realtors awarded its highest honors and ushered in its new board of directors during its annual banquet at the Germantown Performing Arts Centre. MAAR induc...

64. Archived Article: Prime Prop - prime prop. 10/31 122 Jackson For sale The 2,500-square-foot building at 122 Jackson in the Pinch District is for sale for $169,900. Randy Wilder with Sowell & Co. is the agent. Wilder said the building was built around the turn of the century a...