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VOL. 129 | NO. 146 | Tuesday, July 29, 2014

Daily Digest

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Centennial Crossing Parcels Sell for $3.4 Million

Two parcels in the Centennial Crossing shopping center in Southeast Shelby County have sold for $3.4 million following foreclosure.

An entity called 7915 Winchester Road Holdings LLC, which is an affiliate of CWCapital Asset Management LLC, bought 7915 Winchester Road and an outparcel of the center in a July 25 substitute trustee’s deed from R. Spencer Clift III of Baker, Donelson, Bearman, Caldwell & Berkowitz PC.

The properties went into foreclosure when their three owners – MLC Investors LLC (56.08 percent interest), EJP Investors LLC (38.71 percent) and EK Investors LLC (5.21 percent interest) – defaulted on a $5.8 million loan through IXIS Real Estate Capital Inc. dated Nov. 17, 2006, according to a first-run foreclosure notice in the Tuesday, July 1, edition of The Daily News.

The companies paid $8.1 million for the properties at the same time from Belz/Southbluffs Inc., Belz Investco GP, Belz/HC Partnership, Michael A. Lightman.

Built in 2002 at the southwest corner of Winchester and Hacks Cross roads, the larger parcel is at 7915 Winchester Road in Centennial Crossing. It sits on 4.3 acres and had a 2013 appraised value of $4.1 million, according to the Shelby County Assessor of Property.

The other property is a 0.9-acre outparcel on Winchester Road that includes a Starbucks, a dry cleaners and a Verizon Wireless store. Its 2013 appraisal was $953,100.

Source: The Daily News Online & Chandler Reports

– Daily News staff

UTHSC Honors Four With Alumnus Awards

Four physicians will receive the 2014 Outstanding Alumnus Awards from the College of Medicine at the University of Tennessee Health Science Center on Aug. 14.

The doctors are being honored for their work in clinical practice, teaching and community service. Two internal medicine specialists, a pediatric allergist/immunologist and a pediatrician, the outstanding physicians will be honored when graduates of the UTHSC College of Medicine gather in Memphis for the annual College of Medicine Alumni Weekend Aug. 14-16.

The College of Medicine Alumni Council will bestow its highest honor on James D. Link, a pediatrician; Dana V. Wallace, a pediatric allergist/immunologist; Jesse J. Cannon, Jr., an internal medicine physician; and Jack B. Alperin, a specialist in internal medicine and hematology. The awards are presented annually to give special recognition to graduates of the UTHSC College of Medicine.

The physicians will be honored during an Alumni Awards Dinner at The Peabody, which begins at 6:30 p.m. with a reception. Some 100 UTHSC friends, alumni and team members are expected to attend, including UT System President Joe DiPietro and UTHSC Chancellor Dr. Steve J. Schwab, who will welcome the guests. Other events during the College of Medicine Alumni Weekend include class reunions, continuing medical education, campus tours and a networking reception for alumni and students.

– Don Wade

Lewis Funeral Home Honored With Marker

The R.S. Lewis and Sons Funeral Home at 374 Vance Ave. has a historical marker to note the 100th anniversary of one of the city’s longest-running African-American owned businesses.

The marker by the Tennessee Historical Marker Society, unveiled Sunday, July 27, notes the Lewis family’s history in the local civil rights movement as well as the business’ role in preparing the body of Dr. Martin Luther King Jr. following King’s assassination in Memphis in 1968.

The funeral home was founded in 1914 and is currently owned by Tyrone Burroughs, the CEO of First Choice Sales and Marketing.

– Bill Dries

Latino Memphis Features Bush at Leadership Luncheon

George P. Bush, grandson of President George H. W. Bush, will be the featured speaker at the Latino Memphis Leadership Luncheon Sept. 9.

Bush will share during the first Leadership Luncheon his thoughts on the role Latinos play in the country and will touch on topics including education reform, immigration and increased civic and political participation by Latinos.

The event will take place at the University of Memphis Holiday Inn, 3700 Central Ave, from 11:30 a.m. to 1 p.m.

– Andy Meek

Medtronic Wins Approval for Cervical Disc Product

Medtronic, Inc. has received approval from the U.S. Food and Drug Administration to market the Prestige LP Cervical Disc System for the treatment of single-level cervical disc disease (radiculopathy and/or myelopathy).

The Prestige LP Cervical Disc is the third clinically proven artificial cervical disc in the Medtronic portfolio and builds upon the same design principles as the original Prestige Cervical Disc introduced in 2007.

Instead of utilizing bone screws to attach to the vertebral bodies as in the original Prestige design, the LP design incorporates two rails positioned off midline that press-fit into two pre-drilled holes created during the surgical procedure. In addition, the Prestige LP Disc is composed of a proprietary titanium-ceramic composite that has been shown to have a lower wear rate and produce less scatter on postoperative magnetic resonance imaging (MRI) than stainless steel (MR Conditional at 3 Tesla).

“Our goal was to maintain the same ball-and-trough articulation as in the original design, but to find a way to decrease the profile and use a material with improved postoperative MRI visualization,” said Dr. Vincent Traynelis, director of Neurosurgery Spine Services and vice chairperson and professor of the Department of Neurosurgery at Rush University Medical Center in Chicago. “To address these issues, the Prestige LP Disc incorporates a dual-rail fixation mechanism instead of bone screws and is made of a titanium-ceramic composite instead of stainless steel.”

The Prestige LP Cervical Disc has been available outside the United States since 2004 and has been studied in a prospective, multicenter, historical-controlled U.S. IDE trial for a single-level indication, according to Medtronic.

– Don Wade

Tennessee Urges Residents to Vote Early by Aug. 2

With an especially long primary ballot, Tennessee Secretary of State Tre Hargett is recommending that voters cast their ballots early.

Hargett told WPLN-FM that early voting accounted for 47 percent of ballots in August 2010, but they are hoping to increase that to 60 percent this year.

Hargett said that is the only way to avoid long lines and late returns on Election Day, Aug. 7. Even with heavy early voting, Hargett says some results won’t be returned until after midnight.

The ballot includes primaries for governor, U.S. senate, and congressional and state legislative seats; county races, judgeships and school board positions; and retention elections for state appellate judges. Early voting ends Aug. 2.

– The Associated Press

M Club Golf Tournament Slated for Aug. 29

The M Club, the letter winners association at the University of Memphis, will play host to the 2014 “Clash of the Tigers” Golf Tournament on Friday, Aug 29, at Windyke Country Club.

The tournament will take place on the eve of the Tigers kicking off the 2014 football season. Memphis will take on Austin Peay the following evening in Liberty Bowl Memorial Stadium.

Pre-registration has begun for the event and individuals as well as teams interested in playing may contact M Club Director Dwight Boyd by calling 678-4878 or email Boyd at deboyd1@memphis.edu. Registration runs through Aug. 22.

Several corporate and individual hole sponsorships as well as team sponsorships are currently available.

The All-American sponsorship level is $2,000 and includes playing slots for three teams in the four-man scramble tournament as well as premier signage, special recognition, hole sponsorship and 16 football tickets to the Austin Peay game. The All-Conference sponsorship package is $1,500 and includes playing slots for two teams, premier signage, special recognition, hole sponsorship and eight football tickets to the Austin Peay game. The Honorable Mention package includes slots for one team, hole sponsorship and four tickets to the Austin Peay game.

Corporate and individual hole sponsorships are available for $200. Individual player registration is $125.

Registration on the day of the tournament will begin at 7 a.m. at Windyke Country Club with a shotgun start at 8.

– Don Wade

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 74 312 15,378
MORTGAGES 125 389 20,168
FORECLOSURE NOTICES 0 86 3,972
BUILDING PERMITS 431 872 36,714
BANKRUPTCIES 54 232 14,575
BUSINESS LICENSES 9 64 5,193
UTILITY CONNECTIONS 71 312 22,129
MARRIAGE LICENSES 10 83 4,746

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