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Tuesday, October 20, 2015

Faropoint Investments buys two assets totaling more than $10M - Memphis Business Journal

Faropoint Investments buys two assets totaling more than $10M - Memphis Business Journal: An Israeli investment firm is building its Memphis portfolio with the purchase of a Bartlett retail center and a four-story office building outside of Collierville.
In 2011, Faropoint Investments, an Israeli investment firm funded with private equity, started looking at the Memphis metropolitan statistical area (MSA) as a stable alternative to the low-returns being generated in Israel.

Bramlett, 1983 GOP nominee for Mississippi governor, dies - Mississippi Business Journal

Bramlett, 1983 GOP nominee for Mississippi governor, dies - Mississippi Business Journal: Leon C. Bramlett, the Republican whose nomination for Mississippi governor in 1983 was eclipsed by discredited sexual accusations against the Democrat who defeated him, died Monday. He was 92.
An employee at Meredith-Nowell Funeral Home in Clarksdale said Bramlett, a businessman and farmer, died at his son’s home in Clarksdale. Plans for services were pending.
Bramlett was an All-American football player for the U.S. Naval Academy in 1944 and 1945, and coached there in 1948-49. He was inducted into the Mississippi Sports Hall of Fame in 1988.

Housing starts surge 6.5%, but market slowdown looms ahead | Construction Dive

Housing starts surge 6.5%, but market slowdown looms ahead | Construction Dive: Housing starts rose 6.5% between August and September to an annualized rate of 1.21 million, the Commerce Department reported Tuesday. Single-family starts inched up 0.3%, while multifamily starts soared 18.3%.
The September rate — the second-highest level in eight years�— surpassed analyst expectations, as economists surveyed by Bloomberg had predicted starts would come in between�1.09 million and�1.2 million.
Building permits, however, fell 5.0% overall — a sign of a likely slowdown in residential starts in the coming months. Single-family permits dropped 0.3%, while multifamily permits plummeted 12.1%.�
Dive Insight: