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VOL. TMN-7 | NO. 35 | Saturday, August 23, 2014
Weekly Issue

Class is In

Shelby County begins new era in education

For Collierville Schools superintendent John Aitken, the demerger of public schools in Shelby County didn’t become “real” until teachers reported the week before the Aug. 4 first day of classes.

Editorial: Recent Events Underscore Unraveling in Memphis

There are times when it feels like Memphis is unraveling. And this is one of those times.

EMPHASIS Commercial Real Estate

Bull Market

Raymond James renewal boosts Downtown office sector

From his office on the 21st floor of the Raymond James tower Downtown, John C. Carson Jr. has a sweeping view of the Mississippi River as it rolls by the Bluff City.

Memphis Multifamily Sector on Firm Ground

It was 2008 and Memphis-based Makowsky Ringel Greenberg had just acquired a swath of property inside Boyle Investment Co.’s master planned Schilling Farms community in Collierville for a new multifamily development.

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Steffner Adds SIOR Role to Real Estate Resume

Since Joe Steffner opened his own commercial real estate firm 10 years ago, the industry veteran has had a front row seat to some wild changes in the industry.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: August 22-28

1984: Among the public notices in The Daily News, Memphis Light Gas and Water Division was seeking sealed proposals on an electronic meter reading system, a much earlier version of the Smart meters the utility began using recently on a trial basis.

Tennessee Supreme Court Orders New Trial for Noura Jackson

The Tennessee Supreme Court ordered a new trial for Noura Jackson Friday, Aug. 22, who was convicted in 2009 of second degree murder in the death of her mother, Jennifer Jackson.

Another Round

Memphis Made adding taproom as local craft beer scene booms

Some time in October, lovers of local craft beers could enjoy a cold brew in a new tasting room at Memphis Made Brewing Co.’s facility in the Cooper-Young district.

Kyle Seeks Attorney General’s Opinion on Succession

State Sen. Jim Kyle is asking the Tennessee Attorney General for a legal opinion on how the process will work for putting his Senate seat on the November ballot and how the Democratic and Republican nominees should be chosen.

Airport Authority OKs Concourse Overhaul

An ambitious effort to reconfigure Memphis International Airport for the future will get underway this fall, when demolition of portions of two concourses begins and a single concessions vendor takes control.

Source: Horizon Under Contract To Be Purchased

The Horizon, an uncompleted 16-story residential tower overlooking the Mississippi River on the southern end of Downtown, could change hands soon.

TVA to Replace Allen Plant With Natural Gas

The 55-year-old Allen Fossil Plant in southwest Memphis will be replaced with a new $975 million natural gas plant to be built in the shadow of the original facility, the Tennessee Valley Authority board decided Thursday, Aug. 21, in Knoxville.

School Scores Provide Answers, Create More Questions

The last phase of the state’s delayed rollout of achievement test scores came and went this week with a blur of percentages for hundreds of schools in Shelby County and explanations of success formulas for elementary and middle school students versus high school students.

‘Two Ears, One Heart’

Crisis Center fields more calls in wake of Robin Williams’ death

The phone rings and rings at the Memphis Crisis Center – 19,000 times in 2013, or 2.2 times every hour, 52 times a day, 365 days a year.

Chandler’s ‘Southern Pantry’ to Hit Shelves Soon

The next cookbook from Memphis chef, writer and restaurant consultant Jennifer Chandler hits stores in October, and she has a few signings already scheduled in Memphis to promote it.

Sex Crimes Unit Completes ‘Eye-Opening’ Training

Memphis police officers working in the sex crimes unit have been in training this month about neurological changes in rape and sexual assault victims they work with.

Westin Memphis Honored for Community Service

When an F-5 tornado tore through Angela Copeland’s hometown of Moore, Okla., last year, she initially felt helpless.

Memphis Music Nonprofit to Honor Stevie Wonder

The music nonprofit launched by Memphis music icon David Porter has been busy since its launch in 2012, laying groundwork and assembling talent. Now it’s poised to bring a musical superstar to the city for a bash in October.

Turning Five

I Love Memphis blog celebrates its fifth year in operation

When she was first handed the reins of the I Love Memphis blog almost a year ago, Holly Whitfield said she planned to keep the blog’s brand intact and to keep reminding Memphians why the city is worth their affection.

Mumford Teacher Cheating Scandal Takes High Toll

Federal prosecutors tallied the toll this week in the largest teacher exam cheating scandal ever pursued by authorities in the Western District of Tennessee.

Screwpulp Carves Out Identity in Amazon-Led Industry

It’s no secret Amazon is the subject of intense public scrutiny at the moment over a flurry of controversial decisions from the online retailing giant against some of the publishers with which it does business.

County Commissioners Bid Final Farewells

Shelby County Commission Chairman James Harvey began the group’s Monday, Aug. 18, meeting on a hopeful note.

Kyle Senate Seat Vacancy Process Begins

Local Democratic leaders began taking applications Monday, Aug. 18, for the state Senate District 30 seat in the Tennessee Legislature that becomes vacant Sept. 1.

Patient-Centered Focus

Accreditation gives Church Health Center future road map

The best ideas accomplish more than one thing. And so it is with Church Health Center’s commitment to earning accreditation as a Patient-Centered Medical Home (PCMH).

Graceland Manager Maps Global Outposts

The recession and changes over the last nine years in the companies owning 85 percent of Elvis Presley Enterprises played a role in delaying plans for the expansion of Graceland into a 120-acre campus in Whitehaven.

FedEx Indicted on New Charges Over Drug Shipments

Federal prosecutors say several addicts died after receiving shipments of illegal prescription drugs delivered by FedEx.

I Choose Memphis: Andrés Flores

“I Choose Memphis” spotlights Memphians who are passionate about calling this community home. New Memphis Institute provides the profiles.

SPORTS

SEC’s New Quarterbacks Ready to Prove Themselves

They are the SEC quarterbacks left behind. The quarterbacking gods, with names like Manziel, McCarron, Mettenberger and Murray – what is it about M’s? – have ascended to a higher place: playing on Sundays in the NFL.

Wade: Pastner Hits Reset Button on Roster, Season

John Calipari never could have gotten away with this. Wait, let me rephrase that:

Slogan Sets Bar High for Tigers

Senior running back Brandon Hayes knows the Tigers were “close” in a lot of games last season, even though the final result was a 3-9 record.

Oklahoma State Highlights Tigers’ Schedule

The University of Memphis has released the non-conference schedule for the 2014-2015 men's basketball season and it includes a home game against Oklahoma State and opening the season in South Dakota on Nov. 18 against Wichita State, which spent much of last season undefeated.

Titans Offense Looks Like NFL Product

Exciting. Now, there’s a word that hasn’t been associated much with the Tennessee Titans in recent years.

Mason: Vanderbilt Success More Than Defeating UT

Coach Derek Mason is determined to put his own mark of toughness on the Vanderbilt University football program as it continues its climb into the ranks of conference heavyweights.

Vols: Looks Like 6-6 Season

Pull out your 2014 schedules, UT fans.

NEWSMAKERS

Williams Joins Memphis Obstetrics as OB/GYN

Dr. Jason Williams has joined the staff of Memphis Obstetrics & Gynecological Association PC, where he will focus on women’s health care issues, including prevention, diagnosis and management of many general medical conditions. As an OB/GYN, he specializes in general obstetrical care, infertility, pelvic disorders, and prevention and detection of diseases such as breast and cervical cancer.

REAL ESTATE RECAP

Developer Files Permit for Graceland-Area Hotel

3411 Elvis Presley Blvd., Memphis, TN 38116, Permit Cost: $3.5 million -
SNP Investments has filed a $3.5 million building permit with the city-county Office of Construction Code Enforcement for a four-story, 85-room Holiday Inn Express at 3411 Elvis Presley Blvd. in Whitehaven.

SMALL BUSINESS

Doug Carpenter & Associates Still Growing Four Years On

Even before her recent graduation from the University of Texas at Austin, Cara Greenstein had been keeping an eye on her hometown of Memphis, paying attention to job opportunities, looking for the right place to land.

LOCAL COLUMNISTS

The Skinny

THE NAKED TRUTH. Of the occasions I’ve been skinny dipping, two stand out. The first ended in an FBI interrogation and the other in front of a generation of city leaders.

Minimizing Jargon

Recently, my doctor explained a topic so complicated that even my two advanced degrees weren’t helping to decipher what she was talking about.

In Case of Incapacitation

Ray’s take: A financial power of attorney is a powerful tool in your financial planning arsenal in the event your investments or other financial matters need action and you can’t do it.

Rail House Roots

Editor’s note: This is the third in a three-part series. “Rail house” is a term that businesses – especially restaurants and bars – near train tracks, or with railroad motifs, use in their names.

Fed-Casting the Next Six Months

The central questions for this aging bull market involve the timing, pace and degree of interest rate increases. Low interest rates make equity earnings larger and more valuable. Freeze interest rates here and stocks look cheap. Increase them to historical norms and stocks look expensive.

Six Revealing Sales Interview Questions

The new hire failure rate is astonishing and expensive, and it’s even worse for sales candidates who can be among the toughest to properly vet. Leadership IQ reports that of 20,000 new hires tracked in a recent study, 46 percent failed within 18 months.

Leading by Example

Have you heard about Raymond Burse, the newly appointed interim president of Kentucky State University who voluntarily reduced his salary by 25 percent to ensure that all university employees would make a minimum hourly wage of $10.25?

Consumers Driving Health Care Innovation

Everyone in the U.S complains about health care – the rising costs of insurance premiums and co-pays, the lack of innovation, the poor experience at doctor’s offices and hospitals, and price of medications.

Lessons Learned From FAA’s Expanded Use of Electronics

With business travel season heating up, it’s important to keep some technology etiquette in mind to avoid work liability issues and being a nuisance to those around you.

TENNESSEE LEDGER
Nashville Edition

Vanderbilt Students Find Happiness in Music City

As the Class of 2018 begins to poke around the Vanderbilt University campus, the newest Commodores will be met with the highest of expectations.

University of Tennessee Students Return to Transforming Campus

Colleges and universities, no matter how venerable and historic, were designed to move forward, to be progressive.

Middle Tennessee State’s Goal: Students Graduating on Time

Tennessee’s higher education funding formula is based largely on retaining students, and Middle Tennessee State University plans to stay focused on student support in 2014.

E-Books Cut Costs for Tennessee State Students

Tennessee State University students face higher costs, tacked on by state government, but that downer could be offset by “e-books” that can save students $735 each semester.

Lipscomb Expands Offerings to Fill Workplace Needs

Lipscomb University is gearing toward the future this fall with three new programs designed to give students an advantage in a rapidly changing job market.

Belmont Welcomes Largest-Ever Freshman Class

If you graduated from Belmont 20 years ago, you might not recognize the campus today.

That Realtor Key Box Might Welcome Unwanted Visitors

This one may get me in trouble with some of my peers, but it is important, so here goes.

Knoxville Edition

Kaaa-BOOM!

330,000 expected for Boomsday, kickoff to UT season

This Labor Day weekend, hundreds of Knoxvillians will be working harder than ever so hundreds of thousands can kick back and relax.

Boomsday More Than Fireworks, Football

It’s hard to imagine a college freshman passing up her first opportunity to spend a weekend at home. But when Boomsday is on the schedule, laundry can wait.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 110 154 13,810
MORTGAGES 135 193 18,019
FORECLOSURE NOTICES 15 39 3,544
BUILDING PERMITS 430 430 32,733
BANKRUPTCIES 52 130 13,133
BUSINESS LICENSES 20 45 4,750
UTILITY CONNECTIONS 83 204 20,104
MARRIAGE LICENSES 0 33 4,230

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