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VOL. 129 | NO. 79 | Wednesday, April 23, 2014

Daily Digest

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Gregory Realty Pays $1.8 Million for Bartlett Facility

The 30,976-square-foot industrial facility at 7895 Stage Hills Blvd. in Bartlett has sold for $1.8 million.

Gregory Realty GP bought the two-building flex warehouse property in an April 11 warranty deed from Lot 17 B-1, a partnership comprised of BCH Investments LLC and Elite Asset Services LLC. Michael Baird signed the deed as chief manager of both partners.

Built in 1999, the Class A facility sits on 3.2 acres along the south side of Stage Hills Boulevard and also shows an address of 7891 Stage Hills Blvd. The Shelby County Assessor of Property’s 2013 appraisal was $1.2 million.

In conjunction with the purchase, Gregory Realty filed a $1.3 million deed of trust with First Tennessee Bank NA. Hulet Gregory and Jacqueline Gregory signed the deed individually and as general partners of the buying entity.

Source: The Daily News Online & Chandler Reports

– Daily News staff

SchoolSeed Speaker Series Starts Thursday

Ivory Toldson, deputy director of the White House Initiative on Historically Black Colleges and Universities, will deliver the first speech in the SchoolSeed speaker series Thursday, April 24, at 1 p.m. in the LeMoyne-Owen College Alma C. Hanson Student Center.

Toldson is an associate professor at Howard University, a senior research analyst for the Congressional Black Caucus Foundation and editor in chief of The Journal of Negro Education. His speech will focus on enhancing academic success of black male students.

SchoolSeed is a nonprofit working to drive educational excellence and innovation in the greater Memphis community.

The event is free and open to the public. Learn more at schoolseed.org.

– Don Wade

Memphis College of Art Students Present ‘Art of Storytelling’

Eleven students from Memphis College of Art instructor Elaine Blanchard’s Storytelling class will present “The Art of Storytelling” Saturday, April 26, at 8 p.m. at Theatre South, 1000 S. Cooper St.

As part of their class study, students practiced improving their listening skills by visiting five groups of marginalized neighbors, including homeless people, incarcerated women, adults with developmental disabilities, residents in long-term care facilities and men who were recently released after long periods of incarceration. They engaged in conversation with members of each group, then chose one person as the focus of their individual class project, creating artwork inspired by their stories.

Blanchard – a storyteller, writer, nurse and ordained minister – was recently recognized as the Vision Award Winner among the 2014 Women of Achievement for her project “Prison Stories,” in which female inmates were given the chance to tell their life stories as part of a play.

– Amos Maki

Paragon National Bank Announces Promotions

Paragon National Bank has made a flurry of recent personnel changes.

The bank has promoted Emily Friedman to portfolio manager and George Daley to commercial credit analyst. Friedman will be working with Paragon’s commercial lenders on developing their larger prospects and relationships by providing credit analysis, underwriting and related documentation.

Before the promotion, Friedman, who has been with Paragon since 2008, developed and managed a loan portfolio of $40 million.

Daley has been with Paragon for more than eight years, serving most recently as manager of the Saddle Creek banking center. In his new position, Daley is responsible for completing full financial analyses of borrowers, including global cash flow, generating credit memos for new and existing loans, verifying covenant compliance and borrowing base certificates, and researching industry information.

Meanwhile, Paragon has tapped Jon Roskos as vice president and Saddle Creek banking center manager.

Roskos will be working with the team at the Saddle Creek location to meet the needs of existing customers and to introduce others to Paragon.

– Andy Meek

St. George’s Adding Kula Fundraising

St. George’s Independent School is moving toward a new fundraising source for the school and its programs based on converting airline miles and credit and debit card affinity points into a kind of currency for charitable giving.

The school’s administrators are still finalizing details of how the program, called Kula, will be used at the private school. St. George’s has been promoting Kula along with other options for giving – including grocery cards, cereal box tops and canned food labels – and Kula giving is starting to outpace those sources.

– Bill Dries

Baptist Foundation Adds Development Officer

Penny Aviotti has joined the Baptist Memorial Health Care Foundation staff as a development officer. Previously, she managed First Tennessee Foundation, evaluating the distribution of dollars to nonprofit agencies throughout Tennessee.

Her chief focus at Baptist is supporting Baptist Trinity Hospice, including the Baptist Trinity Hospice House, the area’s first residential hospice. The hospice has served more than 800 patients since its inception, including those without the means to pay for their care.

Aviotti also supports the Kemmons Wilson Family Center for Good Grief, which offers free grief counseling, seminars and workshops to the community. More than half the individuals who attend grief counseling have experienced the sudden loss of a loved one through a traumatic experience such as an accident, suicide or murder. The Hospice House and Grief Center are located on the campus of Baptist Memorial Hospital-Collierville.

– Don Wade

Memphis Seeking Sustainability Designation

Thirteen communities in the Southeast, including Memphis/Shelby County, are hoping to be designated as sustainable communities by the Tennessee Valley Authority.

TVA designated 13 locations as Valley Sustainable Communities last year and says 13 more are about to begin the review process. TVA executive John Bradley says the idea is to help communities be prepared when companies look for a site for their business.

Bradley says corporate executives report sustainability is increasingly important in locating a site.

The communities beginning the process in 2014 are Blount County, Tenn.; Crossville/Cumberland County, Tenn.; Florence, Ala.; Glasgow, Ky.; Huntsville, Ala.; Logan County, Ky.; Maury County, Tenn.; Memphis/Shelby County, Tenn.; Morristown/Hamblen County, Tenn.; Murfreesboro, Tenn.; Scottsboro, Ala.; Starkville, Miss.; and Tupelo, Miss.

– The Associated Press

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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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