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VOL. 121 | NO. 195 | Wednesday, October 4, 2006

Daily Digest

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Cordova Industrial Lots Sell for $1.5 Million

     Cobb 64 Investments LLC has bought three lots on Trinity Creek Cove in Cordova from O'Neill & Pearce Investments LLC for $1.5 million. The lots, which are .84 acres, .38 acres and .63 acres, are west of Trinity Road in Trinity Creek Industrial Subdivision, Section A amended. Cobb 64 filed a $1.3 million loan through Trustmark National Bank. Trinity Creek Industrial Subdivision, Section A amended, was approved in March for six lots on 12.05 acres zoned for heavy industrial use.

Brewer Puts Memphis Back on the Big Screen

     Memphis director Craig Brewer is planning to film parts of his new film in Memphis. The movie is based on the life of country singer Charley Pride, according to a story in the Commercial Appeal.
     Brewer's film "Hustle & Flow" was filmed in Memphis and released in 2005. And Memphis-based group Three 6 Mafia in March won an Academy Award for best song for "It's Hard Out Here for a Pimp" at the 78th annual Academy Awards.
     And Howard, who played a pimp named DJay in the film, was nominated for an academy award for best performance by an actor in a leading role.
     The new film, which probably won't be filmed until 2008, will feature Howard as Pride.
     Over the past 30 years, the country music star has been one of the Top 20 best-selling country artists of all-time, with hits such as "All I Have to Offer You (Is Me)" and "Every Heart Should Have One." He unofficially started his music career in the late 1950s as a player for the Memphis Red Sox, singing and playing guitar on the team bus between ballparks, according to biographical information on his official Web site.
     Brewer, who has been discussing the project with Pride for several months, said Howard came to him with the initial idea for the biopic, according to the story.
     Brewer won't be writing the script for the Pride biopic because he currently is working on his next film, "Maggie Lynn."

Parkway Properties Expands Memphis Portfolio

     Jackson, Miss.-based Parkway Properties Inc. plans to buy the Renaissance Center at 1715 Aaron Brenner Drive for an undisclosed amount, according to a story in the Memphis Business Journal.
     Phone messages left at Parkway Properties were not returned by press time.
     The addition of the 189,644-square-foot office complex will bring Parkway's Memphis office portfolio to about 1.2 million square feet.
     The Renaissance Center was developed by Memphis-based Weston Cos. in fall 2000. At the time, the property was valued at $24 million.
     Weston sold the building to Idaho-based DBSI Group of Companies (DBSI Cos.) for $27.1 million in May 2005.
     Renaissance Center is 97 percent leased, according to the story.

St. Jude Gets Top Honors

     St. Jude Children's Research Hospital was named the best place to work in academia in the October issue of The Scientist magazine.
     An anonymous respondent to The Scientist's 2006 Best Places to Work in Academia survey commented: "The mission of our institution - treating children with cancer and finding new therapies for childhood diseases - is pervasive throughout the institution at all levels and inspires me to do a good job every day."
     "The recognition will enhance our ability to continue to recruit outstanding individuals at every level of our workforce," said Dr. James R. Downing, St. Jude scientific director and pathology department chair.
     St. Jude director and CEO William Evans called the ranking "a terrific external indication that we are being successful in creating a great place to work at St. Jude," according to a statement.
     St. Jude currently employs 3,169 people, said Carrie Strehlau, media relations specialist.
     St. Jude topped the list above J. David Gladstone Institute in San Francisco, which was ranked No. 2 and Ohio State University in Columbus, which ranked No. 3.  
     More than 1,500 respondents contributed to the annual survey that ranks academic institutions throughout the world based on factors such as peer relations, institutional management and tenure procedures. Personal fulfillment was the No. 1 determining factor for workplace satisfaction.

U of M Hosts Student Health Fair

     The University of Memphis will host its fifth annual Student Health Fair today from 10 a.m. to 2 p.m. on the school's Alumni Mall. Resources will be available to teach U of M students about leading a healthy lifestyle.
     Close to 3,500 students attended last year's health fair.
     "(The student health fair) is held to let students know of the resources that are available to them for health and wellness on campus and in the nearby community," said Jacqueline De Fouw, health educator at the U of M.
     Some of the groups participating in the health fair include the Memphis office of the American Diabetes Association, the Memphis office of the American Cancer Society and the local HIV/AIDS outreach organization Friends for Life.
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 280 1,209
MORTGAGES 55 244 916
FORECLOSURE NOTICES 8 52 151
BUILDING PERMITS 0 541 2,593
BANKRUPTCIES 37 157 618
BUSINESS LICENSES 12 77 276
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0