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VOL. 118 | NO. 184 | Tuesday, October 12, 2004

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FaxonGillis Finances

FaxonGillis Finances

Buckingham Farms Land

FaxonGillis Homes Inc. has financed 25 lots in phases 22 and 24 of the Buckingham Farms Planned Development for $6 million, according to The Daily News Public Records Database, www.memphisdailynews.com. SouthTrust Bank is the lender.

 

Burch Porter& Johnson

Opens London Office

Memphis-based law firm Burch Porter & Johnson has announced the opening of a representative office in London. The office is designed to serve U.S. clients who conduct business in Europe and the Middle East and assist European enterprises interested in the Memphis region. Burch Porter member Ralph B. Lake is the firms London representative.

 

Aviall Expands

Texas Headquarters

Aviall Inc., whose Inventory Locator Service business unit is based in Memphis, has expanded its Dallas-based corporate headquarters and Aviall Services' Dallas distribution facility. The 305,000-square-foot expanded facility comes in response to sales increases over the last three years.

 

Health Care Costs

Could Begin to Moderate U.S. health care costs increased sharply again this year, but could begin to moderate next year, according to global human resources services firm Hewitt Associates. For 2005, Hewitt projects an 11.3 percent average increase for employers, lower than 2004's 12.3 percent increase.

 

Memphis No. 43

on Innovation Index

Memphis has been ranked 43rd in a Visa Innovation Index, which measures on a per capita basis elements of innovation including community support, entrepreneurialism and creativity among the nation's top 50 markets. The city came in at No. 34 in entrepreneurship, No. 33 in community and No. 43 in self-expression.

 

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 61 331 19,904
MORTGAGES 80 391 23,305
FORECLOSURE NOTICES 0 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 35 231 13,335
BUSINESS LICENSES 28 76 6,213
UTILITY CONNECTIONS 0 125 13,120
MARRIAGE LICENSES 21 94 4,936

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