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VOL. 123 | NO. 171 | Tuesday, September 2, 2008

Daily Digest

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Reed White Holdings Sells G’Town Office

Reed White Holdings LLC has sold the office building at 3012 Centre Oak Way in Germantown for $942,500 to HKC LLC. The 3,848-square-foot building was completed in 2006. It’s part of the nine-lot, 7.42-acre Forest Hill-Irene commercial subdivision, on the west side of Forest Hill-Irene Road between Poplar Avenue and Poplar Pike.

Reed White Holdings is a partnership between Bob Reed and Brian White. The duo built a series of office buildings on various lots in the subdivision. The 3012 Centre Oak Way office building sits on a half acre.

The company still owns 3024 Centre Oak Way and has one building under construction, at 9045 Forest Centre Drive. It is scheduled for completion in November, said White.

Alan Kraus signed the limited liability company articles of organization as HKC’s registered agent, and the company financed the purchase with a $789,570 loan from Magna Bank.

White said HKC will occupy half the building.

Source: The Daily News Online & Chandler Reports

Hearing to Seek Opinions On Charges for Public Records

A hearing will be held this week to seek opinions from the public on developing a schedule of reasonable charges for copies of public records.

The state Office of Open Records (OORC) and the Advisory Committee on Open Government (ACOG) will hold the public hearing Friday at 9 a.m. at Legislative Plaza in Nashville.

The purpose of the meeting is to give Tennessee records custodians and citizens an opportunity to comment on factors being considered by OORC and ACOG when developing the schedule of reasonable charges for copies of public records, as well as the policy related to charges for frequent and multiple requests.

Live video streaming during the meeting will be available over the Tennessee General Assembly’s Web site at www.legislature.state.tn.us.

Memphian to Step Down From Surface Trans. Board

Former Memphian and 1971 University of Memphis graduate W. Douglas Buttrey has announced his intention to step down as a member of the Surface Transportation Board, a national economic regulatory agency.

Buttrey, who also has worked for 22 years in various roles at FedEx Corp., was nominated by President George W. Bush on Nov. 17, 2003, to serve on the board.

Buttrey left open the date of his departure until “the completion of the board’s work on several pending matters.”

Benefit Recovery Named On Fastest-Growing List

Memphis-based Benefit Recovery Inc. has been named to Inc. Magazine’s list of 5,000 fastest-growing private companies in America.

The company is No. 2,011 on the list based on its 184.5 percent revenue growth from 2004 to 2008. It also was recognized for its approach to subrogation, strategic partnership with a law firm and employee base.

Benefit Recovery offers a process for health and disability payers and plans to recover claim payments where third-party liability is involved and where health care providers have been overpaid.

Comcast to Set Download Limit

Comcast Corp., the nation’s second-largest Internet service provider, reported it would set an official limit on the amount of data subscribers can download and upload each month.

On Oct. 1, the cable company will update its user agreement to say that users will be allowed 250 gigabytes of traffic per month, the company announced on its Web site.

Comcast already has reserved the right to cut off subscribers who use too much bandwidth each month, without specifying exactly what constitutes excessive use.

Customers who go over the limit are contacted by the company and asked to curb their usage.

Comcast floated the idea of a 250-gigabyte cap in May and mentioned then that it might charge users $15 for every 10 gigabytes they go over, but the overage fee was missing in this latest announcement.

Curbing the top users is necessary to keep the network fast and responsive for other users, Comcast officials have said.

Comcast stressed that the bandwidth cap is far above the median monthly usage of its customers, which is 2 to 3 gigabytes.

Very few subscribers use more than 250 gigabytes, it said. A user could download 125 standard-definition movies, about four per day, before hitting the limit.

Charity Consignment Sale To Be Held at Agricenter

Germantown residents Kelli Ciaramitaro and Maureen Finnegan will host their second annual “What’s N Your Closet?” ladies consignment sale Sept. 18-20 at Agricenter International.

Part of the proceeds from the sale and admission will be donated to COMEC (Commission on Missing and Exploited Children).

The consignment sale will offer shoppers new and like-new designer clothing, shoes and handbags at affordable prices.

Last year, more than 200 women cleaned out their closets for the sale. Proceeds from last year’s event went to Les Passes, Dress for Success and Birth Right.

For more information, go to www.whatsnyourcloset.com.

Thompson Launches New PAC To Promote Conservatives

Former Republican presidential candidate and University of Memphis graduate Fred Thompson has founded a new political action committee to support conservative candidates.

The 66-year-old former Tennessee senator and actor has dubbed his new committee Fred PAC. Thompson said it is not a vehicle for promoting his own political future.

Thompson closed his Fred D. Thompson PAC in May 2007 as he prepared to make his presidential bid. That committee had operated since 2003, but spent most of its money on a management and consulting contract with a firm run by his son, Daniel Thompson.

Fred Thompson announced his new PAC on the conservative blog RedState.com. He doesn’t appear to control his old campaign Web site, www.imwithfred.com, anymore – it now advertises an Italian casino.

PROPERTY SALES 124 481 17,865
MORTGAGES 127 530 20,565
BUILDING PERMITS 195 891 36,836
BANKRUPTCIES 52 262 11,426