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VOL. 129 | NO. 5 | Wednesday, January 08, 2014

Daily Digest

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Wolf River Commons Sells for $2.3 Million

The 20,842-square-foot Wolf River Commons retail strip center at 420 S. Germantown Parkway in Cordova has sold for $2.3 million.

An entity called Wolf River Commons 8 LLC bought the Class A retail center in a Dec. 31 special warranty deed from Wolf River Commons 132 LLC, which had acquired the property in a 2010 quitclaim deed from Z Wolf River LLC.

Built in 2003, the center sits on 3.1 acres on the east side of Germantown Parkway between Wolf River Boulevard to the south and South Walnut Bend Road to the north. The property fronts the Lowe’s store at 430 S. Germantown Parkway.

The Shelby County Assessor of Property’s 2013 appraisal was $1.9 million.

In conjunction with the purchase, Wolf River Commons 8 filed a $2 million deed of trust through First Capital Bank. Eileen Liu, Feiyu Chen, Gang G. Tian and Haiqiu E. Wang signed the deed on behalf of the borrower.

Source: The Daily News Online & Chandler Reports

– Daily News staff

Delinquent Taxpayers Identified on Social Media

The Shelby County trustee is calling out Shelby County’s biggest delinquent taxpayers on the Internet.

Starting this week, Trustee David Lenoir will begin posting on social media the names and property addresses of the county’s largest delinquent property tax payers based on total taxes owed.

Each week, the Trustee’s office will determine the top five properties from selected ZIP codes and will publish the parcel address, parcel owner’s name and total taxes due. Photos of the properties will be provided when available. The first series of properties will come from ZIP codes 38103, 38104, 38105, 38107 and 38002.

According to Lenoir’s office, this week’s top offenders are Bluff City Partners LLC at 28 N. Third., which owes $251,034; Miller Memphis Inc. at 380 Beale St., which owes $36,828; Third Street Properties at 391 Third St., which owes $31,104; William M. Jeter at 35 Union Ave., suite 300, who owes $27,050; and Hickman Properties at 240 Union Ave., which owes $20,189.

Follow @SCTrustee for Twitter updates.

– Amos Maki

MAAR Hires Director Of Government Affairs

The Memphis Area Association of Realtors has hired a government affairs director. MAAR has selected Ken Scroggs to serve as the trade group’s Governmental Affairs and Professional Standards Director.

Scroggs has more than 12 years of experience in governmental affairs, including serving as a field representative for former U.S. Senate Majority Leader Bill Frist and former U.S. Rep. Ed Bryant. Scroggs also served as government relations representative and compliance analyst for United Healthcare. Most recently, he was a site coordinator for Juvenile Court.

– Amos Maki

George Brett Headlines Tigers Baseball Banquet

Baseball Hall-of-Famer George Brett will be the featured speaker at the 2014 Meet the Tigers Baseball Banquet to be held Friday, Jan. 17, at the Holiday Inn University of Memphis, 3700 Central Ave.

Sponsored by the University of Memphis Bullpen Club, Brett’s address will highlight the evening that will include dinner, preseason comments from Tigers head coach Daron Schoenrock and an introduction of the 2014 Tigers roster. The festivities will begin at 7 p.m.

“President (Brad) Martin’s friendship with George was instrumental in securing George, and I personally thank him for that,” Schoenrock said. “This will be a wonderful event.”

Brett is in his 21st year as the Kansas City Royals vice president of baseball operations. Brett was inducted into the Baseball Hall of Fame in 1999. He played 21 seasons for the Royals, collecting 3,154 hits, three batting titles and a Most Valuable Player award. The Royals won the 1985 World Series.

Two sponsorship packages are available for the event. The Hall of Fame package is $5,000 and comes complete with a private reception with Brett from 5:30 p.m. to 6:30 p.m. Supporters will receive priority table location, photo opportunities, 10 dinner tickets and Hall of Fame Recognition in the program. The individual purchasing the Hall of Fame Package receives an autographed baseball and bat.

The All Star package is available for $2,500 and features preferred table location, 10 dinner tickets and All-Star Recognition in the program.

The individual purchasing the All Star Package will receive an autographed baseball.

Individual tickets for the dinner and featured address only, are available for $100.

To purchase tickets or packages, contact Kim House at 678-4406 or kbhouse@memphis.edu.

Don Wade

Christian Brothers Hosts Farm to Table Conference

The fourth annual Mid-South Farm to Table Conference will be held next month at Christian Brothers University.

The Feb. 4 conference is intended to give farmers, consumers, entrepreneurs and other interested groups a venue for talking about developing the local food system in the Memphis area.

The conference was founded in 2011. Some of the highlights this year will include panels designed for farmers, including farm profitability and sessions on work being done to increase food access in Memphis’ poorest neighborhoods.

Attendees also can expect to see Nat Turner, founder of the project “Our School at Blair Grocery,” talking about growing food in New Orleans’ Lower Ninth Ward neighborhood.

Chef Miles McMath will talk about integrating local food into the cafeteria at St. Jude Children’s Research Hospital, as well as his passion for raising and growing his own animals and crops.

– Andy Meek

Judicial Candidates Move to August Ballot

In the first week to pick up petitions for the August judicial elections in Shelby County, judicial candidates have accounted for most of the activity at the Shelby County Election Commission.

Juvenile Court Chief Magistrate Dan Michael has pulled a petition to run for Juvenile Court judge in the nonpartisan race. Michael has been campaigning for several months in his bid to succeed outgoing Judge Curtis Person Jr.

Others checking out qualifying petitions this week have included Shelby County Chancellor Kenny Armstrong, Germantown municipal judges Bob Brannon and Raymond Clift, and General Sessions Civil Court judges Lynn Cobb and Lonnie Thompson.

Silvio Ronald Lucchesi also pulled a qualifying petition for General Sessions Criminal Court judge.

Republican State Representative Ron Lollar picked up his petition for re-election, and Democrat Ricky Dixon pulled a petition for the Democratic primary for State Senate District 29, the seat currently held by Democrat Ophelia Ford.

The deadline to file petitions for a place on the August ballot in the state and federal primaries and the nonpartisan judicial races is April 3.

– Bill Dries

Saint Francis-Bartlett Chest Pain Center Accredited

The Society of Cardiovascular Patient Care has accredited Saint Francis Hospital-Bartlett’s Chest Pain Center.

SCPC’s on-site review showed the pain center had expertise in several areas, including integrating the emergency room with the local emergency medical system; assessing, diagnosing and treating patients quickly; and supporting community outreach programs that educate the public to promptly seek medical care when someone displays symptoms of a heart attack.

Heart attacks are the leading cause of death in the United States, with more than 600,000 people dying annually of heart disease. More than five million Americans visit hospitals each year with chest pain.

– Don Wade

Magna Adds Controller, Promotes Employees

Magna Bank has added a controller – and, at the same time, promoted a few employees in its retail banking and private banking divisions.

Shari Xu is the bank’s new controller and vice president. Her job will include reviewing the bank’s statements for accuracy and clarity, preparing cash flow analysis, performing cash projections and keeping the bank in compliance with federal regulations.

Donna Edwards has been promoted to vice president and private banker. She previously worked with the Small Business Administration division at Magna.

Chanita Tennial has been promoted to sales manager of Magna Bank’s Wolf River Branch. She previously was assistant branch manager at the Wolf River Branch.

– Andy Meek

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 76 166 10,044
MORTGAGES 105 195 13,070
FORECLOSURE NOTICES 0 35 2,573
BUILDING PERMITS 216 370 23,894
BANKRUPTCIES 82 152 9,685
BUSINESS LICENSES 42 51 3,654
UTILITY CONNECTIONS 103 264 14,227
MARRIAGE LICENSES 29 53 3,116

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