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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.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 83 363 9,932
MORTGAGES 91 378 11,692
FORECLOSURE NOTICES 14 53 1,687
BUILDING PERMITS 213 788 21,098
BANKRUPTCIES 50 213 6,650
BUSINESS LICENSES 40 125 3,564
UTILITY CONNECTIONS 30 139 4,122
MARRIAGE LICENSES 12 91 2,270

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