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VOL. 121 | NO. 35 | Thursday, February 9, 2006

Daily Digest

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Quail Ridge Apartments Financed for $17.3 Million

Belvedere Apartments Inc. has financed Quail Ridge Apartments in Bartlett through LaSalle Bank NA for $17.3 million. The 20.28-acre property near Egypt Central and Altruria roads contains 238 apartment units built in 1996. Belvedere Apartments purchased the complex in 2004 for $16.6 million, mortgaging it at that time for $15.3 million.

Workers Try to Oust Top Brass at Mesaba

Pilots, flight attendants and mechanics at Mesaba Airlines are calling for the removal of top company executives. The workers have approved a no-confidence vote claiming the regional carrier and its parent company, MAIR Holdings, are trying to use the bankruptcy process to cut wages and benefits. Mesaba flies under the Northwest Airlink name. Both Northwest and Mesaba filed for bankruptcy protection last fall.

Local Lawyers Vie For Bankruptcy Judgeships  

The Merit Selection Panel in Memphis, comprised of five attorneys appointed by Chief Circuit Judge Danny Boggs of the U.S. Court of Appeals Sixth Circuit in Cincinnati, has recommended seven people be considered for two bankruptcy judge vacancies in the Bluff City. James E. Bailey III, Stephanie Green Cole, Paulette Delk, George W. Emerson Jr., Tracey P. Malone, Jerry P. Spore and Roger A. Stone are the candidates. The final selections will be made by the Cincinnati court in the next few months.

Kirkland's Fires CEO, Gives No Reason

Chief executive officer and president Jack Lewis has been fired from Kirkland's Inc. Chairman Robert Alderson will serve in Lewis' place until another president is chosen. No reason was given for the decision, according to a Reuters report.
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 51 328 20,960
MORTGAGES 58 387 24,132
FORECLOSURE NOTICES 6 54 3,101
BUILDING PERMITS 170 842 43,435
BANKRUPTCIES 50 288 13,468
BUSINESS LICENSES 34 90 6,712
UTILITY CONNECTIONS 16 110 7,899
MARRIAGE LICENSES 32 91 4,734