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VOL. 119 | NO. 80 | Thursday, May 12, 2005

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Union Avenue Property

Union Avenue Property

Sells for $1.7 Million

CKC Development Co. has purchased 1.23 acres at 2225 Union Ave. for $1.7 million. The seller was Clear Channel Real Estate LLC. A $1.3 million trust deed was filed through 1st Trust Bank for Savings. The property contains a 14,924-square-foot office building and a cell phone tower.

Source: The Daily News Online & Chandler Reports

 

First Tennessee Collaborates

On Youth Baseball Complex

First Tennessee Bank and GameDay Baseball have announced plans for a 10-field youth baseball complex called First Tennessee Fields. The development will be located off Germantown Parkway on the former Bogeys property and will also include a playground, snack bar and clubhouse with arcade games. The facility, which is slated to open Sept. 1, is expected to attract more than 750,000 visitors a year.

 

Grizzlies Executive

Announces Resignation

The Memphis Grizzlies NBA team has announced that Mike Golub, executive vice president of business operations, is joining the National Hockey Leagues New York Rangers as senior vice president of marketing and business operations. Golub played an integral role in the Grizzlies move from Vancouver to Memphis and in the opening of FedExForum. Andy Dolich, president of business operations, will assume the responsibilities of running FedExForum and overseeing the teams business functions.

 

New Spring Vesta Show

Comes to Collierville

The Memphis Area Home Builders Association brings its new spring show, the Vesta Parade of Homes, to Collierville May 21 through June 5. The homes are located in the Magnolia Square Planned Development off South Rowlett Road in Collierville. The Parade of Homes is modeled after MAHBAs fall event, the Vesta Home Show, which is scheduled to take place in Fayette Countys Windsor Park Subdivision this year.

 

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 84 275 3,673
MORTGAGES 41 139 2,418
FORECLOSURE NOTICES 0 16 435
BUILDING PERMITS 0 259 8,215
BANKRUPTCIES 23 79 1,983
BUSINESS LICENSES 9 21 768
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0