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VOL. 119 | NO. 42 | Tuesday, March 1, 2005

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BF Leasing Finances

BF Leasing Finances

Airport Industrial Property

BF Leasing LLC has financed one lot at 3861 Delp Street in the Airport Industrial Park Subdivision for $1 million, according to The Daily News Public Records Database, www.memphisdailynews.com.

 

Federated to Buy

May for $11 Billion Macys parent company Federated Department Stores Inc. has agreed to buy Bloomingdales parent May Department Stores Co. for $11 billion, the companies announced Monday. The deal would give Federated more than 950 department stores in 49 states. The transaction is expected to close in the third quarter, pending approval.

 

Applebees Files Certificate

of Occupancy for Union Site

Applebees International Inc. has filed a certificate of occupancy for a former Applebees Neighborhood Grill & Bar at 2114 Union Ave. Memphis franchisee Bluff City LLC closed 12 area Applebees locations in September. The restaurant chain said it hopes to reopen as many as eight area restaurants this year. A Dyersburg location is slated to open March 7.

 

DTS Completes Purchase

of Pennsylvania Facilities

Memphis-based Diversified Thermal Solutions has completed its acquisition of two refractory brick manufacturing facilities and a machine and die operation near Pittsburgh. The deal gives DTS subsidiary Refractory and Industrial Supply Group Inc. one of the largest production capacities in North America, the company said.

 

Equity Inns Adds

to Hotel Portfolio
Equity Inns Inc. has agreed to acquire a Courtyard by Marriott hotel in Bowling Green, Ky., from a New York-based partnership for $6.9 million. The acquisition is scheduled to close in the second quarter. Germantown-based Equity Inns owns 109 hotels in 34 states.

 

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 56 289 2,908
MORTGAGES 55 226 2,009
FORECLOSURE NOTICES 14 51 326
BUILDING PERMITS 108 1,002 6,703
BANKRUPTCIES 42 248 1,225
BUSINESS LICENSES 0 115 606
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0