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VOL. 125 | NO. 97 | Wednesday, May 19, 2010

Daily Digest

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Weingarten Files Permits for Ridgeway Trace Pads

Houston-based Weingarten Realty has filed building permits with the city-county Office of Construction Code Enforcement to construct three structures at its 300,000-square-foot Ridgeway Trace retail development at Poplar Avenue and Interstate 240.

The buildings, valued at $702,000 each for a combined $2.1 million, are outparcels that will house Logan’s Roadhouse, Genghis Grill, Panera Bread and Mattress Firm, all of which recently signed leases at the center.

Logan’s Roadhouse will occupy a 6,533-square-foot, single-user outparcel at the corner of Ridgeway Loop Road and Poplar.

Panera Bread will occupy 4,500 square feet of an 11,250-square-foot, two-bay building due west of the Logan’s parcel with space available for another tenant.

And Genghis Grill will occupy 3,400 square feet and Mattress Firm will occupy 3,750 square feet of an 11,250-square-foot, three-bay building west of the Panera parcel with space available for another tenant.

Bill Coats represented Weingarten in the lease negotiations. Danny Buring with The Shopping Center Group represented Logan’s Roadhouse, Panera Bread and Mattress Firm, and Ryan Eastman of J&B Commercial represented Genghis Grill. Each tenant is expected to open for business in the fall.

Ridgeway Trace is anchored by Target, Best Buy, Sports Authority and PetSmart. Seven spaces remain for the center’s outparcels.

Source: The Daily News Online & Chandler Reports

First Horizon Welcomes New Chief Credit Officer

Memphis-based First Horizon National Corp. has a new chief credit officer.

The parent company of First Tennessee Bank named Greg Jardine to replace Greg Olivier as chief credit officer now that Olivier is leaving to take a position with First Southern Bank in Boca Raton, Fla.

Olivier, who has been First Horizon’s chief credit officer since July 2007, is going back to Florida, where his family has strong ties and also where he began his banking career.

Andy Meek

St. Jude Research Identifies Gene to Target in Children

St. Jude Children’s Research Hospital is involved in research on a cancer gene that is unusually active in some tumors – a gene characteristic it identified through the most comprehensive analysis so far of childhood brain tumors.

The research was published in Monday’s online edition of the Journal of Clinical Oncology.

Investigators checked tumor samples from 78 young patients at 500,000 different spots in the genome for additions or deletions of genetic material. The researchers also tracked gene activity in 53 of the tumor samples and compared the results with data from adult tumors.

Suzanne Baker, the senior author of the study and a member of the hospital’s department of developmental neurobiology, said significant differences exist between adults and children in the specific genetic changes driving the disease.

Tom Wilemon

Ambulance Firm Sues Sebelius Over AdvancMed Audit

First Call Ambulance Service Inc. has sued U.S. Secretary of Health and Human Services Kathleen Sebelius and the federal department because of a billing dispute resulting from an audit by AdvanceMed.

The contract auditor for the federal government determined the Nashville ambulance company had made billing mistakes. First Call received a demand letter for $2.6 million as a result of the audit.

Although the bill was reduced after First Call appealed the demand letter to Medicare Appeals Court, First Call alleges that its right of due process was violated.

Advance Med is the same government auditor that determined VRF Eye Specialty Group of Memphis had been overpaid $4 million. The practice challenged the determination and was able to reduce the amount to $2,810.

– Tom Wilemon

TBA Honored Nationally for 4ALL Campaign

The Tennessee Bar Association is being honored with a major national award for helping bring legal services to the poor.

TBA officials learned this week that the statewide organization will be the 2010 recipient of the Harrison Tweed Award, which is given jointly by the American Bar Association and the National Legal Aid and Defenders Association to honor “extraordinary achievements” in increasing access to legal services for the poor. The award will be presented at the ABA Annual Meeting in August.

In selecting TBA for the award, the judges cited Tennessee’s “4ALL” campaign, which included the “4/4 Pro Bono Public Service Day,” as well as legal clinics and events held during October 2009’s Celebrate Pro Bono Month. These combined efforts provided legal services to more than 2,000 Tennesseans.

TBA Executive Director Allan Ramsaur credited volunteer lawyers for making such an impact, saying, “While the TBA is receiving this award, it is really the more than 2,600 lawyers who gave freely of their time to help the less fortunate with legal problems last year who are being honored.”

TBA’s immediate-past President George “Buck” Lewis, a shareholder in the Memphis office of Baker, Donelson, Bearman, Caldwell & Berkowitz PC, coordinated much of the 4ALL program during his year as president.

Rebekah Hearn

Trial Set For June In Verso Money Laundering

The trial of a woman accused of laundering some of the $10 million her husband allegedly embezzled from a Tennessee company has been rescheduled for June 28 in federal court in Oxford.

Federal court records say Danielle J. Williams withdrew more than $300,000 from accounts where her husband allegedly put the stolen money.

She pleaded not guilty last December.

Walter Thomas Williams III, also known as Thom W. Williams, was indicted in November on wire fraud charges for allegedly embezzling from his employer, Verso Paper Corporation in Memphis.

Thom Williams of Hernando was a financial analyst for Verso. He has pleaded not guilty in federal court in Tennessee.

– The Associated Press

Neb.-based Group to Aid Racial Healing in Tenn

An organization based at the University of Nebraska Medical Center has been awarded a grant of nearly $250,000 to help some Tennessee communities with racial healing.

The group is called CityMatCH. A news release from UNMC says the grant is one of 119 handed out by the W.K. Kellogg Foundation to support racial equity and healing.

The release says CityMatCH will help local leaders in several Tennessee communities examine longstanding policies and the effects of race and racism on neighborhood structures.

CityMatCH is membership organization composed of urban health departments’ maternal and child-health programs. Its mission is to improve the health and well-being of urban women, children and families.

– The Associated Press

PROPERTY SALES 23 23 1,365
MORTGAGES 21 21 1,068
BUILDING PERMITS 117 117 3,173