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VOL. 123 | NO. 47 | Friday, March 7, 2008

No Gloom Here

'07 stellar year for Memphis multifamily properties, report says

Memphis' multifamily industry enjoyed one of the most dynamic years in recent memory, as 2007 saw increased occupancy, rental rates and even construction, according to the fourth quarter and 2007 "Memphis Multi-Housing Marketview" report by the local office of CB Richard Ellis (CBRE).

Billboard Moratorium Still On - But For How Long?

Before he took office as a member of the Memphis City Council, developer Reid Hedgepeth sat on the Memphis-Shelby County Land Use Control Board, which signs off on proposed real estate developments before they're sent up the local governmental chain for further approval. And on a recent morning, the new city councilman drove by one of those projects approved during his tenure with the LUCB.

Murder Victim's Father Looks for Answers

Ethan Jacobs was one of six people who died violently in Memphis last Memorial Day weekend. Earlier that month, the rape and home-invasion robbery of a woman in Chickasaw Gardens began an emotional spike in the city's collective reaction to a pervasive crime problem.

Superior of Ex-Priest Claims He Lied to Pope

A Dominican priest has claimed he lied to now-deceased Pope John Paul II when he told the pontiff in a letter that he had tried to get other church assignments for a Memphis priest who sexually abused a 14-year-old boy in 2000.

Shelby Farms' Potential Master Plans Unveiled Thurs.

The public got its first look Thursday at three proposed plans for Shelby Farms Park.

Local Weather
Currently
Memphis, TN
82.0°F
Overcast
Wind: Southwest at 8.1 mph
Humidity: 74%

EVENTS

The Methodist Healthcare Foundation will host its annual Stan Patterson Art of Medicine Lectureship today at 8 a.m. at the Medical Education & Research Institute, 44 S. Cleveland St. Dr. Javier R. Kane, the director of Palliative and End-of-Life Care at St. Jude Children's Research Hospital, will present "Medical Decision-Making in the Care of Suffering." Seating is limited. For more information, call 516-0500.

more events »

Public Officials Move Cautiously With Would-Be Pyramid Backers

The main financial backer of the proposal to put a theme park and other attractions in The Pyramid said in a letter this week that calls by some elected leaders to show them the money have already been answered.

US Pending Home Sales Remain At Second-Worst Number On Record, Data Show

WASHINGTON (AP) - Industry data released Thursday show January pending U.S. home sales were below analysts' expectations and remained at the second-lowest reading on record.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 106 418 11,538
MORTGAGES 135 521 14,424
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 220 913 24,947
BANKRUPTCIES 53 297 8,729
BUSINESS LICENSES 26 119 3,890
UTILITY CONNECTIONS 71 524 13,980
MARRIAGE LICENSES 13 83 3,114

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The Memphis News: Business, politics, and the public interest.