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VOL. 125 | NO. 66 | Tuesday, April 6, 2010

Daily Digest

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UTHSC Files Permit To Renovate Boling Center

The University of Tennessee Health Science Center has filed a $1 million permit with the city-county Office of Construction Code Enforcement to renovate the building that houses the Boling Center for Developmental Disabilities (BCDD).

The building is listed on the permit as 710 Court Ave., but UTHSC refers to it as 711 Jefferson Ave. The building sits between Court and Jefferson avenues on the east side of Orleans Street.

The BCDD falls under the university’s College of Medicine. The center is an “interdisciplinary program that supports children and adults with developmental disabilities and their families through training, service, applied research, information dissemination, planning, and policy development,” according to its Web site.

The project is being funded by $1.5 million in state-funded capital maintenance budget dollars. The rest of that money was used to renovate the building’s exterior.

UTHSC spokesperson Sheila Champlin said the project calls for an extensive interior renovation to include the replacement of ceiling tiles and air conditioning grills and basic building maintenance.

Plans call for improvements to two lecture halls, which include the replacement of chairs and carpeting, as well as updated technology like new projectors and projection screens. New lighting also will be installed throughout the facility, whose energy and efficiency will be enhanced by the overhaul.

Champlin said the work went out for bid in March. A pre-bid construction meeting is scheduled for 10 a.m. Tuesday at the university’s physical plant conference room, 201 East Street. Work is slated to begin in June.

The project is using a state of Tennessee architect with design assistance from Fleming & Associates Architects.

Source: The Daily News Online & Chandler Reports

Highwoods to Hold Triad Open House

Raleigh, N.C.-based Highwoods Properties will hold an open house for its recently completed Triad Centre III

office building at 6070 Shady Grove Road in East Memphis.

The public open house, set for April 17 from 10 a.m. to 4 p.m., will give visitors a chance to see the environmentally friendly building up close.

The Class A, 147,982-square-foot building is LEED-certified. LEED is the Leadership in Energy and Environmental Design system for rating “green” facilities by the U.S. Green Building Council.

Visitors can tour Triad Centre III to see the eco-friendly advantages of a LEED-certified office building and also enter to win a $1,000 landscape design package from Adsit Landscape and Design Firm.

Eric Smith

Morgan Keegan Adding To Investment Banking Group

Morgan Keegan is already expanding the investment banking group it created a few weeks ago with the addition of two managing directors.

The Memphis-based investment firm has hired Barry Donovan and Michael Chevalier-White as managing directors of the investment banking group.

The two men were co-founders and principals of Houston-based investment bank Paragon Advising, and a few other Paragon associates are also joining Morgan Keegan.

Andy Meek

University of Memphis Receives Plough Grant

The University of Memphis has received a $1.32 million grant from the Plough Foundation that will go toward its “Campaign for Accreditation” of its new school of public health.

The goal for the campaign is $7.75 million.

The money from the Plough Foundation will be used for “bridge salary support” to enable the university to fill as quickly as possible six faculty positions in epidemiology and biostatistics. The funding will continue into 2012 when the university expects to obtain permanent funding for the positions.

Shirley Raines, president of the University of Memphis, said filling the faculty positions is a “vital step” toward reaching accreditation standards.

Tom Wilemon

BBB of the Mid-South Elects New Officers, Directors

The Better Business Bureau of the Mid-South has elected officers and new directors for 2010.

Pierre T. Landaiche III of SMG Management and the Memphis Cook Convention Center has been re-elected chairman of the board.

Other officers include Randy Lewis of FedEx, first vice chairman; Greg Paule of First Tennessee Bank, second vice chairman; Judy Bell of InnerActive Consulting Group Inc.; secretary; and Bob Reilly of Russell, Montgomery & Associates/OI Partners; treasurer.

Newly elected directors include Bruce Doane, owner of American Granite and Marble; Jerry Collins, president and chief executive officer of Memphis Light, Gas and Water Division; Johanna Ellis, owner of ParkIt Here; Mitch Wright, owner of Mitch Wright Plumbing, Heating & Air; and Richard Robinson, owner of Robinson Toyota.

– Taylor Shoptaw

Shelby County Deputies Start Anti-Texting Campaign

The Shelby County sheriff’s office is starting a campaign warning people about the dangers of texting while driving.

A presentation called “Don’t Text and Drive” is available to any neighborhood group, business, faith-based organization or interested citizen throughout Shelby County.

Deputies said in the past year, they investigated 28 traffic crashes involving “inattentive” teen drivers.

Sheriff Mark H. Luttrell Jr. said more teenagers are believed to be sending or receiving messages on their cell phones while driving.

– The Associated Press

US Service Sector Gauge Grows Faster in March

The U.S. service sector grew in March at its fastest pace in more than two years, suggesting the economic recovery is expanding from the nation’s factories to its shops, restaurants, hospitals and other big sources of jobs.

The Institute for Supply Management, a trade group, reported Monday its service index rose to 55.4 in March from 53 in February.

Economists surveyed by Thomson Reuters had expected a reading of 54. Any reading above 50 signals expansion.

It is the strongest pace of growth since ISM revised how it measured the service sector in January 2008.

ISM said employment contracted for the 27th straight month in March, but the 49.8 reading was the closest to growth in jobs growth since the recession began. A level above 50 indicates jobs growth.

The government said last week that the economy added 162,000 jobs, the biggest gain since the recession began.

Of the 18 industries surveyed, 14 reported growth, two shrank and two held steady at February’s level.

– The Associated Press

PROPERTY SALES 101 603 9,602
MORTGAGES 92 538 10,616
BUILDING PERMITS 215 1,282 20,958
BANKRUPTCIES 51 408 6,108