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VOL. 125 | NO. 222 | Monday, November 15, 2010

Daily Digest

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Renasant Reclaims Lots in Eads Subdivision

Renasant Bank has bought back 14 parcels totaling 42 acres in Eads’ Wynestone Estates Subdivision following a foreclosure.

The Tupelo, Miss.-based bank paid $980,833 for the parcels in an Oct. 13 substitute trustee’s sale from Paul N. Royal of the Memphis law firm Crislip, Philip and Associates. The Shelby County Register of Deeds didn’t record the sale until this week.

The original foreclosure notice, which ran in The Daily News in September, stated Wynestone Partners was in default of a $1.5 million construction loan through Renasant Bank dated January 2005. The loan was modified in September 2006 to add $216,000 for a total of $1.7 million.

The property, which is composed of 10 lots and four common open spaces, is valued at slightly less than $1.3 million. The lots are valued at $125,000 apiece and the open spaces are valued at $800 apiece, according to the Shelby County Assessor of Property.

The original loan lists James K. Dickinson as managing general partner of Wynestone Partners.

Source: The Daily News Online & Chandler Reports

– Eric Smith

Rotary Club Offers Free Norway Trip

Rotary District 6800, which is composed of clubs in Shelby County and North Mississippi, will send a team of business professionals between the ages of 25 and 40 to Norway in May.

The program is offered through the Rotary Foundation’s Group Study Exchange.

The team will experience Norway’s culture, observe how its vocations are practiced and exchange ideas.

Applications are due by Dec. 20 with interviews conducted during the first week of January.

The participants must be fully employed with at least two years of experience in their field, be in the early stages of their career, be U.S. citizens and be able to take off four weeks from work.

For details on applying, contact Rotary District 6800 Group Study Exchange chairman Carl Awsumb at 355-3241 or awsumbcarl@me.com.

– Tom Wilemon

Butler Snow Attorneys Receive Honors

Eight attorneys from the Memphis office of Butler, Snow, O’Mara, Stevens & Cannada PLLC have been selected for Mid-South Super Lawyers 2010, and seven attorneys from the firm’s Memphis office were named as Mid-South Rising Stars 2010.

“Super Lawyers” is a nationally recognized guide to outstanding attorneys identified through independent research and their peers.

Butler Snow’s Memphis attorneys named Mid-South Super Lawyers, along with their practice areas, are: James E. Bailey III, bankruptcy and creditor/debtor rights; Michael P. Coury, bankruptcy and creditor/debtor rights; Charles R. Crawford, health care; Charles C. Harrell, personal injury defense: general; Frank M. Holbrook, business litigation; David P. Jaqua, employment and labor; Randall D. Noel, business litigation; and Virginia B. Wilson, banking.

Butler Snow’s Memphis attorneys named Mid-South Rising Stars, along with their practice areas, are as follows: Scott D. Blount, business litigation; Al Bright Jr., business/corporate; Joey E. Dudek, securities and corporate finance; Eric E. Hudson, personal injury defense: products; Melody McAnally, business litigation; Van D. Turner Jr., employment and labor; and Jason G. Yarbro, real estate.

– Andy Meek

Kelley & Associates Wins MarCom Award

Kelly & Associates Advertising of Bartlett won a 2010 Gold MarCom Award for its design of Green-Resins.com.

The site was developed for AOC Resins to market its EcoTek line of green technologies.

Nearly 5,000 entries were submitted for MarCom Awards this year. The competition recognizes creative achievements by marketing and communication professionals.

– Tom Wilemon

Morgan Keegan Adds Veteran Analyst

Jonathan Ruykhaver has joined Morgan Keegan & Co. Inc. as a managing director and senior equity research analyst following the infrastructure software and security industry.

Ruykhaver, who was formerly a managing director with ThinkEquity LLC in San Francisco, will be based in Morgan Keegan’s newly opened equity research office in San Francisco. He is a chartered financial analyst and has more than 15 years of experience as a sell-side analyst in the technology industry.

– Andy Meek

AutoZone Stockholders Meeting Set for Dec. 15

AutoZone Inc. will hold its annual meeting of stockholders on Dec. 15 at the J.R. Hyde III Store Support Center, 123 S. Front St.

The meeting, which will be webcast at www.autozoneinc.com, begins at 8:30 a.m.

AutoZone has 4,389 stores in 48 states plus the District of Columbia and Puerto Rico. The company also has 238 stores in Mexico.

– Tom Wilemon

Burch Porter & Johnson Attorneys Recognized

Fifteen Burch, Porter & Johnson PLLC attorneys have been included in the 2010 edition of Mid-South Super Lawyers.

They are Nathan A. Bicks, healthcare; C. Thomas Cates, real estate; W.J. Michael Cody, alternative dispute resolution; Scott J. Crosby, business litigation; Joe M. Duncan, estate planning and probate; Jef Feibelman, business litigation; David J. Harris, business litigation; Les Jones, personal injury plaintiff: medical malpractice; Lisa A. Krupicka, employment litigation: defense; J. Brook Lathram, business litigation; Charles F. Newman, business litigation; Joel H. Porter, business/corporate; R. Michael Potter, estate planning and probate; Todd A. Rose, personal injury plaintiff: general; and W. Rowlett Scott, real estate.

Six of those attorneys were recognized in the “Top 100 in Tennessee” list. They are Cody, Feibelman, Harris, Jones, Krupicka and Lathram.

Additionally, six of the firm’s attorneys were included as 2010 Mid-South Rising Stars. They are Taylor A. Cates, business litigation; David E. Goodman Jr., personal injury defense: general; Jennifer Hagerman, employment and labor; Joshua B. Lawhead, real estate; Mary H. Morris, business litigation; and Frank B. Thacher III, personal injury plaintiff: general.

– Taylor Shoptaw

New You Spa Opens at Wolfcreek

New You Salon & Spa recently opened a 3,980-square-foot store at Wolfcreek, north of Interstate 40 on the southwest corner of North Germantown Parkway and Highway 64.

Gil Consuegra was the landlord representative for Centro Properties Group.

New York-based Centro Properties Group’s portfolio contains 600 properties across 39 states with approximately 98 million square feet of gross leasable area.

– Sarah Baker

MAAR to Host Q3 Market Update

Memphis Area Association of Realtors (MAAR) will hold its third quarter market update Monday.

Don Wade, MAAR information and research director, will review the Q3 market reports and statistics, followed by a panel discussion on motivation in a tough market.

The event will take place at MAAR’s headquarters, 6393 Poplar Ave., from 2 to 3 p.m. and is open to all members free of charge. For more information, contact Don Wade don.wade@maar.org or 818-2434.

– Sarah Baker

Lifeblood Elects Board Members

Lifeblood has elected new members to its board of directors.

New board members include Bill Appling, president of Watkins Uiberall Healthcare Consulting Group; Al Bright Jr., attorney at Butler, Snow, O’Mara, Stevens and Cannada PLLC; Sam Cole, attorney; Dr. Lawrence Madlock, medical director at University Health Services; Jim Martin, retired from the Shelby County Division of Corrections; Kem Mullins, chief executive officer at St. Francis Hospital Bartlett; and Dr. Ted Strom, blood bank medical director and director of the hematology section, pathology and laboratory medicine services at the Memphis Veteran Affairs Medical Center.

– Taylor Shoptaw

PROPERTY SALES 128 234 13,285
MORTGAGES 80 152 8,323
BANKRUPTCIES 42 79 6,299