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VOL. TMN-6 | NO. 43 | Saturday, October 19, 2013
Weekly Issue

Community Oasis

Memphis Botanic Garden turns 60 with big projects on horizon

A visitor walking the winding, sun-dappled paths of Memphis Botanic Garden past stands of maple trees and beds of hydrangeas might never guess that there was a time when a black cloud hung low over the East Memphis attraction.

Editorial: Cherish Garden’s Success Through New Seasons

Our landmarks are changing.

THE MEMPHIS NEWS ALMANAC

October 18-October 24, 2013: This week in Memphis history

2012: Case Management, a provider of outpatient case management services for the mentally ill, bought the four-story, circa-1973 airport area office building at 3171 Directors Row for $1.3 million from Directors Memphis LLC, a company based in Tacoma, Wash.

Shelby County Bankruptcies Rise 3.4 Percent in Third Quarter

Bankruptcies in Shelby County were up by about 100, or 3.4 percent, in the third quarter of 2013 from the third quarter of 2012, with a continuing consistency among the top three ZIP codes.

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Ink Spot

Tattoo enthusiasts gather in Memphis for national convention

Kyle Payne remembers a recent tattoo convention in Memphis. It wasn’t just tattoos. It was a convention that included a healthy dose of biker culture.

Panattoni’s Speculative Warehouse Underway

In industrial development news, construction on Panattoni Development Co.’s speculative industrial building in Marshall County, Miss., is progressing.

Airfare Competition Has Airport Authority Optimistic

Memphis-Shelby County Airport Authority officials remain optimistic about the future of Memphis International Airport, thanks to increased airline competition that is driving down airfares for travelers and businesses.

Nineteenth Century Club Case Shifts to Fundraising

Opponents of the still-pending demolition of the Midtown mansion known as the Nineteenth Century Club are in the fundraising mode.

Early Voting Opens in Four Suburbs

Early voting opens Friday, Oct. 18, in four of the six sets of suburban school board elections at the Downtown offices of the Shelby County Election Commission, 157 Poplar Ave.

MBI Anticipates Little Change Under New Owner

With a new owner in place, Memphis Business Interiors (MBI) anticipates little change to its operations – but it does expect to grow.

Dishcrawl Brings Supper Club to Memphis

Memphis is getting an underground “supper club” next month, the latest on an extensive list of events held under the banner of Dishcrawl Memphis.

Shelby County Foreclosures Drop 10 Percent in Quarter

Regina Hubbard has clients regularly calling her asking about the availability of what she describes as “deal of a lifetime” foreclosure buys.

‘Handle With Care’

Beale Street faces challenges as changes in management loom

Once the settlement of a lawsuit over control of Beale Street is complete, the administration of Memphis Mayor A C Wharton Jr. plans on issuing requests for firms to manage and develop the thriving entertainment district.

Comptroller Letter Calls for Prompt Action

If anyone at City Hall has any illusions that the state of Tennessee is no longer concerned about city government’s unfunded pension liability, Tennessee Comptroller Justin P. Wilson cleared up that point with a letter sent to Memphis Mayor A C Wharton Jr. this month and released Tuesday, Oct. 15.

Beale Street Deal Would Pay Handy Park Debt

The settlement of the last remaining item in the bankruptcy petition of Beale Street developer Performa Entertainment hasn’t gone by any of the scripts the administration of Memphis Mayor A C Wharton Jr. has written and rewritten.

Brokers Capitalize on Health Marketplace Problems

Group Benefits LLC is growing its business by helping local businesses evaluate group health options on and off the new health insurance exchange and comply with the Affordable Care Act.

Jurex Teaches Nurses to Use Skills in Law

Memphis attorney Elizabeth Rudolph wants to help nurses all over the country broaden their financial horizons.

Shelby County Housing Permits Drop 14 Percent in Quarter

Shelby County’s homebuilding industry showed signs of cooling in the third quarter, with builders pulling 14 percent fewer permits than in the same period a year ago.

Flagship Facility

NexAir unveils new welding lab, renovated Downtown space

NexAir, one of the largest distributors of atmospheric gases and welding supplies in the country, recently debuted a new advanced welding and cutting demonstration lab at its renovated Downtown headquarters on Walnut Street.

Southern Airways Raising Capital for Growth

Memphis-based carrier Southern Airways is raising a new round of capital to fund its plans for growth across the company’s five-state footprint.

US Bank Accused of Housing Discrimination in Memphis

A fair housing organization is accusing a second major bank of discriminating against minority neighborhoods and property owners in Memphis for the way it handled bank-owned properties.

St. Jude Selects Kun as Clinical Director

St. Jude Children’s Research Hospital has appointed senior physician and internationally recognized radiation oncologist Dr. Larry Kun as its new clinical director and executive vice president.

Shelby County Schools to Apply for Head Start Funding

A larger Head Start program run by the Shelby County Schools system would have a much smaller front office than the one through which Shelby County government administers the $23 million program.

Short-Term Leases Next for South Memphis

The temporary storefronts are down at Mississippi Boulevard and Walker Avenue in South Memphis from this weekend’s MEMfix event.

Bigfish Bringing Community Bulletin Board to Overton Square

To say that Memphis-based creative agency Bigfish doesn’t follow a traditional agency playbook would be an understatement.

Shelby County Mortgages Up 7 Percent in Third Quarter

The gas tank of Shelby County’s mortgage market continues to be powered by the fuel of low interest rates and more of a willingness from lenders to make new loans.

Downtown Dining

Annual restaurant week adds lunch to mix

They’re one of the most distinctive features of Downtown Memphis. They’ve been the subject of national TV broadcasts, some of them are can’t-miss spots for tourists and the South Main neighborhood alone has more than 20 of them.

Raymond James Boosts Local Community Efforts

A new website and a significant sponsorship are two of the latest ways Raymond James Inc. is demonstrating its commitment to Memphis.

Local Health Care Changes Limited So Far, Doctors Say

The Oct. 1 start of enrollment in health care exchanges may be the most visible part of the Affordable Care Act so far.

Benevere Sees Uptick in Bio-Identical Hormone Therapy

Benevere Pharmacy in Collierville says it is seeing an uptick in patients who are benefiting from bio-identical hormone replacement therapy, with many experiencing near-normal hormone levels after identifying a therapy regimen that works for them. Bio-identical hormones differ from traditional replacements because they are compounded to be the same as the body's own hormones on a molecular level.

Shelby County Home Sales Climb 12 Percent in Quarter

Shelby County’s housing market continued to show signs of improvement in the third quarter, posting double-digit increases in several key areas over the same period last year.

September Home Sales Show Slight Increase

Shelby County home sales cooled off in September, with a meager increase in homes sold compared to September 2012 and a decline from August.

County Leaders Blast Fairgrounds Tourism Development Zone Financing Plan

Shelby County government leaders say a city plan to use incremental sales tax revenue within a tourism development zone to revitalize the Fairgrounds will take the share of that revenue that goes to Shelby County Schools.

SPORTS

Beauty in the Difficulty for Tigers This Season

Conference USA’s Powers That Be, which is funny just to type, were not happy when the University of Memphis left for what eventually was named the American Athletic Conference.

Miller: Toughness Key to Continued Success

In a way, it’s almost as though Mike Miller went abroad on a special internship. I mean, really, that’s how big the gap is from playing for the Grizzlies in small-market Memphis to going to South Beach to play a defined role on a Heat team that would win two NBA championships behind LeBron James, Dwyane Wade and Chris Bosh.

MEMPHIS STANDOUT

Diverse Corporate Experience Leads Crosby to Form PeopleCap

Meg Crosby’s career might be summed up as an exercise in adaptation.

MEMPHIS LAW TALK

Meyers Returns to Roots at Glankler Brown

Robert Meyers has joined Glankler Brown PLLC as a member, and it isn’t his first time around this block. He worked for the firm as a newly licensed attorney right out of law school.

MEMPHIS NEWSMAKERS

Blume Named to Tennessee Real Estate Commission

Gary Blume, a veteran agent with RE/MAX Real Estate Experts, has been appointed by Gov. Bill Haslam to a five-year term on the Tennessee Real Estate Commission. Blume is a past president of the Memphis Area Association of Realtors and has served twice as president of the Tennessee Real Estate Educational Foundation.

REAL ESTATE RECAP

Medical Office Facility Sells for $5.9 Million

7865 Educators Lane, Memphis, TN 38133, Sale Amount: $5.9 million -
An affiliate of Newport Beach, Calif.-based Griffin-American Healthcare REIT II Inc. has paid $5.9 million for the medical office building at 7865 Educators Lane in Northeast Memphis.

LOCAL COLUMNISTS

We Have to Talk

THE CYNICAL TRUTH IS, WE JUST CAN’T TALK ABOUT IT. Cynicism about politicians isn’t new.

Buying Yellen

President Obama recently made it official that Janet Yellen will succeed Ben Bernanke as the head of the Federal Reserve. Janet has spent much of her career as a dedicated and vocal advocate for the unemployed. With participation rates low, and the unemployment rate high, the markets anticipate that Janet will continue, if not augment, Ben Bernanke’s expansionary monetary policies. A renewed enthusiasm for monetary stimulus has had observable market impact.

Talk to Your Parents About Their Future

Ray’s Take It’s a conversation no one wants to have; however, it’s important to have at least an idea of how financially prepared your parents are for their retirement. People are living longer – much longer – and the costs for senior care are soaring. Many older Americans saw a large portion of their nest egg disappear in the last recession.

By Any Other Name

“You can call me Mess.” That’s what I envision the subject of this column saying in 13 years. When, as a teenager, he’ll consider part of his job description to be frustrating his parents. But I’m ahead of myself.

Top Twitter Turnoffs

Twitter users often make a split-second decision whether to follow you, which means you have to make a positive first impression to gain new followers.

Get Ready for Year End

Are you and the nonprofits you are involved with ready for the year end? Many nonprofits seek to raise a meaningful percentage of their funds during the last two months of the year. Planning usually begins in August, but it is not too late to make a plan and implement it.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 22 77 1,556
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

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The Memphis News: Business, politics, and the public interest.