Laurelwood Property

Financed for $1.5 Million

Old Venice Properties LLC has financed 0.8 acres at 368 Perkins St. Extended in the Laurelwood Shopping Center Subdivision for $1.5 million, according to The Daily News Public Records Database, www.memphisdailynews.com.

EPE, New York Firm

Announce Partnership

Robert F.X. Sillerman and company CKX Inc. have agreed to acquire a majority interest in the assets comprising the estate of Elvis Presley. The new partnership will conduct all business activities of EPE, but the title to Graceland and most of Elvis' personal effects remain with Lisa Marie Presley. The deal includes trademark rights to the name, likeness and image of Elvis Presley and all EPE-owned intellectual property, as well as all EPE real estate investments.

Bowlin Named to Lead

Regions Insurance Group Regions Financial Corp. has named David L. "Casey" Bowlin president and chief executive officer of the newly created, Memphis-based Regions Insurance Group Inc. Bowlin, a Memphis native, most recently worked for Dallas-based Summit Global Partners Inc.

IP to Modernize

South Carolina Mill

International Paper plans to invest $125 million to modernize its mill in Eastover, S.C., to enhance product quality and improve efficiency. The project is expected to be completed in fourth quarter 2005. The mill is one of IPs nine U.S. uncoated freesheet mills.

FedEx Reports

Strong Revenue Growth

FedEx Corp. has reported revenues of $7.33 billion for its fiscal second quarter, up 24 percent from $5.92 billion in the same period a year ago. Total average daily package volume at FedEx Express and FedEx Ground combined grew more than 8 percent year over year for the quarter, the company said.