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VOL. 126 | NO. 237 | Tuesday, December 06, 2011

Daily Digest

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Flash Market Inc. Finances Shelby Drive Store

West Memphis-based Flash Market Inc. has financed a Flash Market convenience store and accompanying gas station at 2038 E. Shelby Drive through First National Bank of Wynne for $2.4 million.

The property includes 3,893-square-foot convenience store and 1,118-square-foot car wash built in 2001 on about 1 acre at the southeast corner of East Shelby Drive and Boeingshire Drive. The Shelby County Assessor of Property’s 2011 appraisal is $576,000.

Flash Market Inc. bought the property in December 1999 for $650,000, demolishing a shuttered, 1,700-square-foot convenience store built in 1966.

Source: The Daily News Online & Chandler Reports

– Daily News staff

Small Biz M Partners With Business Over Coffee

A recently launched group called Business Over Coffee will partner with business-focused social community Small Biz M to expand on small-business networking opportunities for participants.

Founded by Sherri Henley, Business Over Coffee works with professionals who want to optimize their business through social media, educational exchange and networking events. SBM founder and small-business coach Robert Staub will merge more than 800 members from his group with Business Over Coffee’s membership of less than 200.

The two groups will meet Thursday, Dec. 8, from 9 a.m. to 11 a.m. for a free event and expo called Click and Connect Holiday, held at Business Over Coffee’s home office at Ridgeway Business Center, 5865 Ridgeway Center Parkway, suite 300.

For more information, e-mail connect@businessovercoffee.info or call 820-4469.

– Aisling Maki

Leadership Memphis Holds Holiday Party, Food Drive

Leadership Memphis is holding its annual holiday party Tuesday, Dec. 6, at the Pink Palace Museum.

In the spirit of the group’s mission to empower people to make a difference, the gala will double as a food drive to help stock the Memphis Food Bank for the holiday season.

Guests are asked to bring canned food to the event, 5:30 p.m. to 7:30 p.m. at the museum, 3050 Central Ave. The food will be delivered to Memphis Food Bank the following day.

For more information, contact Leadership Memphis president David Williams at 278-0016 or dwilliams@leadershipmemphis.org

– Andy Meek

Investec Realty Svcs. Partners With Sperry Van Ness Int'l

Memphis-based commercial real estate firm Investec Realty Services is now an independently owned and operated franchise of Sperry Van Ness International, the two companies announced Tuesday, Dec. 1.

Irvine, Calif.-based Sperry Van Ness is a franchisor providing training, systems management and marketing support for a network of commercial real estate brokerage firms.

The firm will operate as Sperry Van Ness/Investec Realty Services at 51 Germantown Court, suite 215, in Memphis. This affiliation marks Sperry Van Ness International’s 11th franchise this year.

Led by Anthony Lopes, John Snyder and Jon Albright, who serve as managing directors, Sperry Van Ness/Investec Realty Services will provide acquisitions, dispositions, landlord representation, tenant representation, development, consulting and property management for office, industrial, retail, land and medical office properties.

Investec’s 11-person operation has completed more than $500 million in transaction volume and currently manages more than 300,000 square feet of commercial space.

Other members of Sperry Van Ness/Investec Realty Services include senior advisers Michael Donohoe, Jody McKibben and Holace Jeffries; advisers Gene White, Paul Gagliano and Jason Dietz; associate adviser and marketing coordinator Karen Nolen; and property manager Robin Fecteau.

– Sarah Baker

CBRE's Truitt Awarded By Commercial Alliance

Realtors Commercial Alliance, the commercial division of the National Association of Realtors, has recognized Kelly Truitt of CB Richard Ellis Memphis, an affiliate of CB Richard Ellis Inc., as a recipient of the 2011 Realtors Commercial Alliance National Award.

The award recognizes a select group of Realtors for their outstanding professional achievements that have previously been acknowledged on a local level. The Memphis Area Association of Realtors Commercial Council nominated Truitt for the National Award for his accomplishments in 2010 and 2011.

MAAR Commercial Council named Truitt the 2010 Commercial Broker of the Year. Truitt represented Pinnacle Airlines in moving its headquarters to One Commerce Square earlier this year.

Truitt serves as principal broker and president of CBRE Memphis and has more than 25 years of commercial real estate experience. He specializes in corporate and brokerage advisory services.

Truitt is immediate past chairman of both the Memphis Zoological Society and the Mid-South Food Bank. He also is a past chairman of the Memphis Child Advocacy Center and a former vice president with Memphis Goodwill Industries. He is a current board member of The Leadership Academy.

– Sarah Baker

Law Profs: State Amazon Deal Might be Unconstitutional

Two law professors, writing in Tax Analysts’ “State Tax Notes,” have argued concessions Amazon.com recently won from South Carolina and Tennessee before finalizing deals to open new warehouses in the states are likely a violation of the commerce clause in the U.S. Constitution according to Forbes magazine.

The concessions include agreeing to begin collecting sales tax from in-state customers at a later date, or until such time as the collection is required by federal legislation.

University of Georgia law professor Walter Hellerstein and University of Arizona law professor John Swain wrote in the subscription-only “State Tax Notes” article that there’s a strong case Amazon’s exemption discriminates against out-of-state retailers that can’t physically operate in the state without collecting sales tax, according to Forbes.

In October, Tennessee Gov. Bill Haslam announced he reached a deal with Amazon for the retailer to begin collecting Tennessee sales tax in 2014 and to add 2,000 full-time jobs at new distribution centers in the state. Amazon said it will invest $350 million in Tennessee.

– Andy Meek

Glass Seating and Mobility Wins Excellence Award

Glass Seating and Mobility has won the 2011 Home Medical Equipment Excellence Award for Best Rehab Technology Provider.

The HME Excellence Awards identifies the nation’s premier providers of home medical equipment, home respiratory therapy and rehab supplies with awards in three categories: Best HME Provider, Best Home Respiratory Provider and Best Rehab Technology Provider.

Glass Seating and Mobility provides assistive technology to the physically challenged population. The company’s specific area of expertise is in the fields of seating, positioning and mobility.

Glass Seating and Mobility’s rehab technicians and senior rehab technicians who build seating systems and provide service and repairs are certified with US Rehab. The company is an accredited facility through the Board of Certification/Accreditation, International.

Glass Seating and Mobility has offices in Memphis, Little Rock and Huntsville, Ala.

– Taylor Shoptaw

St. George's Hosts Six Moon Rocks

St. George’s Independent School will feature six samples of moon rocks this week.

The samples, encapsulated in a six-inch clear disk, will be on display Tuesday, Dec. 6, at the school’s Collierville campus, 1880 Wolf River Blvd., from 6:30 p.m. to 8 p.m. as part of Family Science Night.

The event also includes a scale-model solar system and a telescope set up for viewing, if the weather permits.

Students at St. George’s Memphis campus, 3749 Kimball Ave., will also get a look at the moon rocks Wednesday during a school assembly.

The Family Science Night is sponsored by the schools’ National Science Honor Society. Middle school science teacher Mike Smothers worked with NASA to secure the exhibit.

– Bill Dries

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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