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VOL. 121 | NO. 82 | Monday, April 17, 2006

Daily Digest

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Gregory Realty Buys Barcrest Road Warehouses

Gregory Realty LLC has purchased two parcels totaling 3.04 acres near the corner of Barcrest and Crestview roads for $1.2 million from Growth Properties Inc., Jeffrey L. Bronze and Barbara R. Bronze. The property contains an 8,680-square-foot warehouse built in 1983, a 15,040-square-foot warehouse built in 1985 and a 17,645-square-foot warehouse built in 1983. Gregory Realty filed a $1 million mortgage through Regions Bank, with the loan due in April 2009.

Memphis Publishing Co. Torpedoes Union-Busting Attorney

The Memphis Publishing Co., which publishes the Commercial Appeal, apparently has replaced famed “union-busting” attorney Michael Zinser as it continues the bargaining process with CA employees who are union members.

Zinser’s successor is an attorney at a management-labor law firm with an office in Nashville called King & Ballow. It’s where Zinser once worked as a lead negotiator.

Another bargaining session is set for early May between the newspaper and union employees, who have been without a contract since January 2004.

DeSoto County Nets New Basketball Hoopla

Professional basketball is coming to DeSoto County. The North Mississippi Tornadoes of the World Basketball Association will play home games at Olive Branch High School starting Friday.

The team operated last year as the Tunica Gamblers and was run by the league. Bridgett Branch and A. Neal Graham purchased the team and moved it to Olive Branch

The WBA is a training ground for players, coaches and scouts trying to get into the National Basketball Association, National Basketball Development League or the Canadian Basketball Association.

Several Memphis Luminaries Make Power 100 List

"This list represents a 'who's who' of individuals spanning the world of politics, religion, academia and philanthropy, as well as commerce in our state," said Drew Ruble, editor of Business Tennessee.

The Power 100, a list ranking the 100 most powerful people in Tennessee, is available in this month’s edition of Business Tennessee magazine.

This is the third year the magazine has compiled the list. Among the Memphians on the list are Gary Shorb, CEO of Methodist Hospital; Stacey Cates, president of Southeastern Asset Management; and Frank Ricks, a principal with Looney Ricks Kiss Architects.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 85 305 21,577
MORTGAGES 62 223 16,417
FORECLOSURE NOTICES 0 17 1,504
BUILDING PERMITS 0 571 42,491
BANKRUPTCIES 34 138 6,717
BUSINESS LICENSES 40 72 3,169
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0