Kemmons Wilson Finances

Schilling Farms Property

Kemmons Wilson Inc. has financed part of area 11 of the Schilling Farms Planned Development in Collierville for $4.3 million, according to The Daily News Public Records Database, www.memphisdailynews.com.

Airport to Get Funds

for Runway Repairs

Memphis International Airport will receive $6.1 million in grant funding for runway repair and resurfacing, the U.S. Department of Transportation announced. The funding, being provided through the Federal Aviation Administrations Airport Improvement Program, will be used to rehabilitate runways at the airport to help ensure safety and maintain airport capacity.

FedEx Ground

Names New CFO
FedEx Corp. operating unit FedEx Ground has announced that chief financial officer Ronald R. Trombetta will retire May 31. Trombetta, who spent 18 years with the company, will be succeeded by vice president and controller Gretchen G. Smarto.

Home Sales to See

Second-Best Year

Home sales are expected see the second-best year on record in 2005, the National Association of Realtors reported. Existing home sales are forecast to drop 2 percent from a record 6.68 million in 2004 to 6.54 million in 2005. New home sales are forecast at 1.11 million this year, down 6.2 percent from a record 1.18 million in 2004.

Buckeye Names

New Executives

Buckeye Technologies Inc. has announced the promotion of Christian Chavassieu to senior vice president, wood cellulose, effective April 1. Chavassieu, previously vice president, specialty wood cellulose sales, succeeds R. Howard Cannon. Buckeye is a Memphis-based manufacturer and marketer of specialty fibers and nonwoven materials.