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VOL. 123 | NO. 53 | Monday, March 17, 2008

New Resembles Old

Germantown office development to be built with old feel

Old Germantown soon will have a new office product when The Salvaggio Group LLC completes its $3.5 million, three-building development at 7656 and 7658 Poplar Pike, in the heart of town.

'Routine' Sale Finds Major Banks In Court

The transaction was a routine sale. And compared to the size of the large multibillion-dollar financial services companies involved in the deal, only a relatively small amount of money would have changed hands.

Holley Distributors Delivers 'Fast-Food Car Washing'

Kerry Sewell can remember a time when visiting a fast-food restaurant meant time spent with family. As a child, his parents would take him to McDonald's. And back then, he said, that was a big deal.

Sign on the Dotted Line

Turley Looks East But Keeps an Eye Downtown

Downtown developer Henry Turley is going east these days. The developer of Harbor Town, South Bluffs, parts of South Main and other Downtown projects is touting the Mid-South Fairgrounds these days.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: Northwest at 10.4 mph
Humidity: 56%


The Memphis Rotary Club will meet Tuesday at noon at the Memphis Cook Convention Center, 255 N. Main St. The speaker will be Marlin Mosby, managing director of Public Financial Management Inc. Cost is $18 at the door. R.S.V.P. to Taylor Hughes, 526-1318 or taylor@memphisrotary.org.

more events »

Shuttered Irish Landmark Could Reopen

How Irish is the Magevney House? The Downtown landmark is so Irish that Eugene Magevney's bride-to-be brought soil from Ireland with her when she arrived in Memphis in 1840 to marry him.

Homebuilder Mark Matthews Resurfaces With RCREM

There's a new twist in the Matthews Brothers Homebuilders saga: The company's embattled principal Mark Matthews surfaced last week with a new entity, Residential Construction & Real Estate Management LLC.

Fed Chairman Promises to Help Distressed Homeowners

WASHINGTON (AP) - Fighting to stem a dangerous wave of home foreclosures, Federal Reserve Chairman Ben Bernanke pledged Friday to do all that is possible to help struggling homeowners.

Sheriff Should Remain Elected Office, Committee Recommends

The Shelby County Board of Commissioners today began the process of proposing amendments to the Shelby County Charter. Those changes would go to voters in a county-wide referendum in either August or November.

Index of Home Builders' Confidence Remains Near Record Low as Housing Woes Continue

WASHINGTON (AP) - A reading of U.S. homebuilders' sentiment was stuck near its lowest level in March, as the housing industry's malaise gave it little reason to improve.

With JPMorgan Deal to Rescue Bear Stearns, Market Wonders Which Investment Bank May Fall Next

NEW YORK (AP) - With a deal in place to save Bear Stearns from bankruptcy, the company's shares traded above the offer price Monday even as investors began turning a critical eye to other investment banks amid worries about how far the credit contagion could spread.

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PROPERTY SALES 77 174 6,159
MORTGAGES 112 218 7,702
BUILDING PERMITS 128 283 14,006
BANKRUPTCIES 73 132 5,274

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