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VOL. 124 | NO. 252 | Thursday, December 24, 2009

Daily Digest

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Owner Files $2.3M Loan On Retail Center

The owner of the Kirby Gate shopping center in the Quince/Ridgeway area on Dec. 16 filed a $2.3 million loan through Trustmark National Bank against a portion of the property.

Kirby Gate Partners – which developed the center under the name of Gill, Martin & Herring –took out the loan against the parcel at 2891 Kirby Parkway, home to a Walgreens drug store as well as another retail storefront.

Kirby Gate contains a second parcel at 6548 Kirby Quince Road to the west of the standalone Walgreens store. The centers are in the Kirby Crossing Planned Development Outline Plan.

Gill, Martin & Herring principal Ray Gill signed the trust deed as general partner of Kirby Gate Partners.

The Kirby Gate Walgreens is a 13,936-square-foot Class A retail building that was completed in 2000 and sits on 1.7 acres on the west side of Kirby Parkway. Its 2009 appraised value is $2.3 million, according to the Shelby County Assessor of Property.

The building next door is a 60,918-square-foot, Class B retail center that was completed in 1985 and sits on 6.5 acres. Its appraised value is $3 million.

Source: The Daily News Online & Chandler Reports

Eric Smith

Byrnes to Take MAHBA Reins

Tommy Byrnes of Byrnes Ostner Investments Inc. will serve as 2010 president of the Memphis Area Home Builders Association, the group’s executive director, Don Glays, said this week.

Byrnes is joined by David Clark of David Clark Construction LLC as vice president; Jimmy Moore of J. Moore & Associates as treasurer; and Don Caylor of Summerset Homes as secretary.

Stephen Hodgkins of Oaktree Homes LLC is immediate past president of the 800-member trade association that was formed in 1945.

MAHBA’s board of directors is made up of 10 elected builder directors as well as representatives from various chapters and councils.

The 10 board members for next year are Kimberly Brown of Kim Grant Homes LLC; Phil Chamberlain III of Chamberlain & McCreery Inc.; David Grant of Keith and David Grant Homes; Bob Reed of Bob Reed Builder LLC; James Reid of Reid Homes Inc.; David Goodwin of David Goodwin Jr. Development LLC; Chuck LaBarreare of FaxonGills Homes Inc.; John Worley Jr. of John Worley Jr. Builder Inc.; Gary Thompson of Boyle Investment Co.; and Thomas Wirth of Germantown Home Builders Inc.

The following will represent the associate council for 2010: Tricia Cunningham of Stop Alarm Systems Inc.; Bob Smith of Sherwin Williams Co.; and Linda Wingo of Wingo Designs and Interiors.

Pat Mahoney of Remodeling Consultants Inc. represents the remodelers council and Mack Andrews of Mack Andrews Inc. represents the Fayette County chapter of MAHBA. Also, John Duke of John Duke Co. is the presidential adviser and Mark Miesse of Mark Miesse and Associates serves as legal counsel.

Eric Smith

Wharton’s Team Reports On Government Efficiencies

Memphis Mayor A C Wharton Jr.’s transition team has reported its findings on government efficiency, education and human resources to the new mayor, who won the election Oct. 15 and is still more or less settling in to his new job.

The final recommendations of the group – which broke off into subcommittees touching on education and early childhood, workforce and economic development, diversity business development, legal, human resources, government

efficiency, neighborhood initiatives, public safety and finance – will come within 30 days. A release from Wharton’s office this week said the final recommendations will be made publicly available in mid-January.

Andy Meek

State Vaccine Program Recognized for Excellence

The Tennessee Department of Health Immunization Program has been awarded the 2009 Bull’s Eye Award for Innovation and Excellence in Immunization.

The award comes from the Association of Immunization Managers. It recognizes the state’s registry and delivery system for health care providers giving H1N1 flu vaccinations.

The state on Aug. 5 began pre-registering hospitals, pharmacists, doctors and other authorized users through the already established Tennessee Web Immunization System (TWIS). The initiative for the flu vaccine increased the TWIS registry by 5,948 new users.

TWIS is a secure, confidential link to the immunization registry and serves as a single source of immunization records.

Dr. Kelly L. Moore, director of the state immunization program, said Tennessee’s flu vaccine pre-registration system was the first in the nation to answer the challenges of quickly identifying and engaging potential vaccine providers.

Tom Wilemon

Census Bureau Seeks Job Applicants

The U.S. Census Bureau is looking for applicants to fill thousands of jobs this spring across the state of Tennessee.

The temporary jobs will have flexible hours and on-the-job training.

For more information about working in the 2010 Census, call 1-866-861-2010 or visit www.2010censusjobs.gov.

– Taylor Shoptaw

Southeast Community Capital Celebrates 10th Anniversary

Southeast Community Capital Corp., the leading Community Development Financial Institution in Tennessee providing loans to small businesses, is celebrating its 10th anniversary this month.

SCC began operations in 1999 and has grown to more than $27 million in assets and provided 350 businesses more than $37 million in creative financing options.

Southeast Community Capital’s financing has helped create or retain more than 3,600 jobs with an average wage of $15 per hour in urban and rural communities throughout the state.

SCC is able to provide loans to small businesses that do not have access to mainstream capital resources through a public-private partnership that consists of more than 30 banks and federal, state and local government agencies.

SCC is headquartered in Nashville and certified by the U.S. Treasury Department as a Community Development Financial Institution.

– Taylor Shoptaw

PROPERTY SALES 81 201 16,108
MORTGAGES 40 104 10,026
BUILDING PERMITS 130 336 38,272
BANKRUPTCIES 28 56 7,528