Commercial Real Estate in Memphis and our Galaxy

From Trading Markets.com:

A Fed official said Tuesday that there is concern about the slipping standards of commercial real estate lending standards. She also voiced discomfort about a 2% inflation rate.

Speaking at a Western Independent Bankers conference in California, Federal Reserve Governor Susan Bies stated that underwriting standards have not fallen to unsatisfactory levels on a broad scale. However, there are some concerns about the downward trend of standards lately… 

Another time for us as agents to wait and see… 

Previously, on "The Fight for Elvis' house that's not Graceland…"

From The Commercial Appeal, here's the latest:

Geller and one partner, New York attorney Peter Gleason, cried foul, claiming their high bid was unfairly rejected only because a higher offer came along. Hazen (The Seller) said the bid was discarded after Gleason made contractual changes in the closing papers, then could not be reached for two weeks while they tried to close the sale. "At the end of two weeks we did not have an agreement. It made me question their commitment or ability to follow through with the sale. This is not a decision we made lightly," says Hazen.

When the sale to Curb closed Friday, Gleason responded by reopening an old wound for Hazen and Freeman. He hired a Memphis attorney to see that a closed bankruptcy case involving Hazen and Freeman would be reopened. The couple, who recently divorced, had filed for bankruptcy in September 2005, and the case was discharged in February 2006, excusing them of about $43,000 in debt. In the petition, they listed the value of their home at its appraised value of about $236,000.

That's the home that just sold for $1,000,000. In their backruptcy proceedings they said it was worth 1/4 of that.

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Have you noticed all the new Monopoly games released recently? Lord of the Rings Monopoly, Powerpuff Girls Monopoly, The Simpsons Monopoly, Cash-in-on-the-next-fad-Monopoly. I haven't seen a 24 Monopoly yet though.

Then I saw this. From the Monopoly press release:

Beginning April 24, 2006, Americans will get the chance to vote on which famous landmarks from America’s greatest destination cities should be included on the game board of the new MONOPOLY: HERE & NOW Edition. MONOPOLY fans can visit www.monopoly.com to cast their on-line ballots for legendary streets, neighborhoods and national monuments from 22 cities — ranging from New York City to Honolulu — that will be represented on the board.

Additionally, the votes will determine where each city’s selected landmark will appear on the game board, with the city generating the most on-line votes landing on the coveted spot traditionally occupied by Boardwalk.

Voting's over. Sorry. But that sounds sorta fun, right? Vote for Memphis and see if it ends up as a dark blue or a green. Then I saw the list of cities:

The cities that will be represented on the board include the following:

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