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VOL. 110 | NO. 15 | Tuesday, January 23, 1996

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01/23 Real briefs Charlene Brown has been named the franchise marketing director for Re/Max real estate in western and central Tennessee. Re/Max plans to sell and open 25 new franchises in western and central Tennessee and an additional 25 franchises in eastern Tennessee during 1996. Brown joined Re/Max with more than 10 years of business and sales experience. She formerly was affiliated with Prudential Bank and Trust in its corporate finance department and owned a Primrose School franchise. "Our plan is to conduct ongoing market research to learn the potential for Re/Max franchise expansion in western and central Tennessee," Brown said. "We will also interview existing independent broker/owners, managers and top associates with real estate companies in the targeted markets." The company will target the local market area as a potential site for a Re/Max real estate franchise, Brown said. Crye-Leike Commercial announced record sales and earnings for 1995. President Dan Whipple reported a 79 percent increase in commercial brokerage and lease volume compared to 1994. Crye-Leike Commercial has 12 brokers specializing in commercial real estate. The Memphis chapters of the Appraisal Institute, Commercial Investment Real Estate Institute and Society of Industrial and Office Realtors will sponsor a three-hour technology seminar today beginning after a noon lunch. The seminar will be conducted by Phillip McBride. It will be held at the education center of the Memphis Area Association of Realtors. The cost is $12. For reservations, call 685-2100. The Ministry of Construction of the Russian Federation is inviting U.S. developers to bid in land auctions. More than 1,400 acres in the cities of Barnaul, Nizhny Novgorod, Novgorod, St. Petersburg and Tver will be auctioned in February for the construction of single-family detached houses, townhouses and mid-rise apartment buildings with associated commercial space. For more information, call 1-800-638-8556.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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