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VOL. 129 | NO. 129 | Thursday, July 03, 2014

Daily Digest

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Holmes Shell Station Sells for $900,000

The Shell gas station and convenience store at 2205 E. Holmes Road in Whitehaven has sold for $900,000.

An entity called Bloomingholmes LLC bought the property in a May 29 warranty deed from NRS Group LLC. Though the sale closed in May, the Shelby County Register of Deeds didn’t process the deed until this week.

Built in 1995, the 2,496-square-foot gas station and convenience store sits on 1.3 acres at the southwest corner of East Holmes Road and Airways Boulevard. The Shelby County Assessor of Property’s 2013 appraisal was $545,900.

Bloomingholmes assumed $563,722 of the seller’s original loan on the property through B&M Properties LLC. Rahim Umlani and Salim Rajani signed the loan assumption as chief manager and secretary, respectively, of the borrower.

Source: The Daily News Online & Chandler Reports

– Daily News staff

Graceland May Remove Presley's Old Airplanes

For 30 years, tourists from around the world have paid money to get a look at two airplanes once owned by Elvis Presley at Graceland in Memphis. Fans enjoy touring the planes for their direct connection to Presley and his jet-setting lifestyle, a sort of touchstone to the life of the King of Rock and Roll and his family.

By April of next year, the planes named Lisa Marie and Hound Dog II could be gone.

Elvis Presley Enterprises, which operates the Graceland tourist attraction, has written to the planes' owners saying they should prepare to remove the jets from Graceland by next spring.

The planes have been a tourist attraction since the mid-1980s. They had been sold after Presley's death, and were eventually purchased by OKC Partnership in Memphis.

OKC Partnership and Graceland agreed to bring the two jets to Graceland. The agreement called for OKC Partnership to receive a cut of ticket sales in return for keeping the planes there.

In an April 7 letter to OKC Partnership's K.G. Coker, Elvis Presley Enterprises CEO Jack Soden says the company is exercising its option to end the agreement and asks Coker "to make arrangements for the removal of the airplanes and the restoration of the site on or shortly after April 26, 2015."

Their removal could cause an uproar among fans, especially those who visit Graceland every year as part of an annual pilgrimage to events such as Elvis Week and the candlelight vigil commemorating Presley's death.

The disclosure also raises questions about the future use of the site where the airplanes now sit, across the street from Presley's longtime home.

Elvis Presley Enterprises declined immediate comment.

– The Associated Press

ServiceMaster Completes Initial Public Offering

ServiceMaster Global Holdings Inc. announced Tuesday, July 1, that it has completed its initial public offering of common stock at $17 a share.

The shares began trading June 26 on the New York Stock Exchange.

The Memphis-based company went public to pay down its debt.

The underwriters also exercised in full their option to purchase an additional 5.3 million shares of common stock.

With that included, the company sold a total of 41.2 million shares of common stock in the initial public offering.

– Bill Dries

Memphis Football Single-Game Tickets on Sale

Single-game tickets for all six University of Memphis home football games are now on sale. The Tigers open the 2014 football season by playing host to Austin Peay on Saturday, Aug. 30, at Liberty Bowl Memorial Stadium.

Single-game box (chairback) seat tickets are $50 each, while sideline seats are $30 and end zone seats are $10.

Season ticket packages also remain available for the 2014 season and range in price from $55 to $250. The Tigers are also offering a Pick 3 Pack for the 2014 season. Fans can select tickets for any three home games and receive sideline seats for $78. The Pick 3 Pack will put fans in the same seat for all three selected games.

Through the university’s ongoing partnership with Paciolan, fans will be able to take advantage of several new ticketing features, including access scanning and digital-ticketing solutions. Access scanning gives fans the ability to print tickets at home and bypass will-call lines. Fans will also have the ability to transfer tickets to family and friends online.

Memphis opens the home portion of the American Athletic Conference schedule against Houston on Oct. 11. The Tigers will also play host to league opponents University of Tulsa, University of South Florida and University of Connecticut at home this fall.

For more information about individual game or ticket packages, visit gotigersgo.com/tickets or call 678-2331.

– Don Wade

Memphis Botanic Garden Hosts Food Truck Party July 8

A food truck garden party is coming to the Memphis Botanic Garden July 8.

The event will run from 5 p.m. to 8 p.m. Attendees can shop the Henny Penny Mobile Boutique, there will be music by Chris Gavin & Bob Boccia, and featured trucks include Square Meal on Wheels, Fuel, Rock’n Dough, StickEm and Bluff City Curbside.

Garden members get in for $5, and for nonmembers it’s $10. Tickets include admission, live music and a drink ticket. A cash bar also is available.

– Andy Meek

Jackson, Stokes on Grizzlies' Summer Roster

The Memphis Grizzlies’ 2014 Orlando Pro Summer League roster will include former University of Memphis guard Joe Jackson and forward Jarnell Stokes, a second-round pick out of Tennessee and Memphis native for whom the Grizzlies traded on draft night.

Second-year guard Jamaal Franklin and 2014 first-round draft pick Jordan Adams (No. 22 overall) are also on the roster. Also part of the squad: 2013 second-round draft pick Janis Timma (No. 60 overall) and Memphis native and former Ole Miss guard Terrico White.

Memphis will be among the 10 teams competing in the 2014 Orlando Pro Summer League, hosted by the Orlando Magic at the Amway Center practice court July 5-11. The Grizzlies’ summer league schedule includes games on Saturday, July 5 (vs. Miami), Sunday, July 6 (vs. Detroit), Tuesday, July 8 (vs. Orlando) and Thursday, July 10 (vs. Houston) before competing in the designated championship day on Friday, July 11.

The Grizzlies’ coaching staff during the 2014 Orlando Pro Summer League will be comprised of Grizzlies assistant coach Shawn Respert, assistant coach/advance scout Jason March and video coordinator/player development Steve Jones.

Due to space limitations, the event is not open to the public. Fans can access box scores, game recaps and cumulative statistics at orlandomagic.com. NBA TV will televise the Orlando Pro Summer League games.

– Don Wade

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Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 74 312 15,378
MORTGAGES 125 389 20,168
FORECLOSURE NOTICES 0 86 3,972
BUILDING PERMITS 281 722 36,564
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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