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VOL. 121 | NO. 124 | Friday, June 16, 2006

Daily Digest

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Wright Medical Buys Land from Town of Arlington

    Wright Medical Technology Inc. has purchased 29.41 acres from The Town of Arlington for $1.1 million. On the south side of Memphis-Arlington Road at the corner of Airline Road, the land is next door to Wright's current facilities and is part of the town's old airport property. Arlington bought the land in 1967 as part of an 82.76-acre purchase from National Factory Locating Service Inc. for $165,000. Wright Medical is an Arlington-based designer, manufacturer and distributor of orthopedic instrumentation and implants.

Wunderlich to Open Office in New York

    Wunderlich Securities Inc., an investment banking firm headquartered in Memphis, signed a five-year lease Thursday to open a new branch office at 200 Old Country Road in Mineola, New York.
    The company will open its third-floor offices June 20.
    Wunderlich also has branch offices in New York City, St. Louis, Chicago, Houston and Great Neck, N.Y.
    The new offices will house part of the company’s Fundamental Brokers Inter-Dealer (FBI) and Fundamental Capital Markets (FCM) divisions, both which handle fixed-income accounts.

Robert Staub Appointed to National Small Business Advisory Council

    Local small-business owner Robert Staub has been named to the U.S. Small Business Administration's National Advisory Council, headquartered in Washington.
    Staub, the founder and executive director of the Small Business Chamber (SBC), will serve a two-year term.
    The SBA's National Advisory Council represents more than 150,000 small businesses nationwide.
    As founder and executive director of SBC, Staub understands that small businesses need the support, marketing and educational opportunities its members would not get otherwise.
    "As a small-business owner and advocate, I believe small business plays a vital and indispensable role in our communities and our economy, both locally and on a national level," Staub said.
    Over the years, Staub has been involved in a number of small-business ventures. The first business he opened in 1985 was a restaurant. After expanding to a small chain of Fresh Café Express restaurants, he sold them. He also was a partner in local Web development company LunaWeb. He currently is a real estate investor buying, selling and managing properties in the Memphis area.

Ad Agencies Create Marriage Of the Minds - Literally

    Memphis-based advertising firms carpenter/sullivan LLC and Sossaman + Associates Advertising Inc. have put the rumors to rest. It's official: The couple has traded vows and said "I do," according to a statement on the new www.carpentersullivansossaman.com Web site, confirming the merger of the two agencies into one company.
    Effective July 5, they will be known as carpenter/sullivan/sossaman.
    The new agency will employ 33 people, and its headquarters will be at 400 Union Ave., Sossaman's existing location.
    Doug Carpenter and Brian Sullivan, principals of carpenter/sullivan, will retain their titles at the newly formed agency. Sossaman president Donna Gordy also will keep her title.
    carpenter/sullivan/sossaman will continue to serve clients locally, nationally and internationally.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 82 82 19,655
MORTGAGES 75 75 22,989
FORECLOSURE NOTICES 7 7 8,311
BUILDING PERMITS 138 138 40,167
BANKRUPTCIES 72 72 13,176
BUSINESS LICENSES 9 9 6,146
UTILITY CONNECTIONS 52 52 13,048
MARRIAGE LICENSES 30 30 4,872

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