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VOL. 125 | NO. 200 | Thursday, October 14, 2010

Daily Digest

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BJN Finances Units in One One O’Six Lofts

BJN LLC has financed nine units and commercial space in One One O’Six Lofts Condominiums at 92-96 S. Main St. Downtown with a $1.4 million loan through Community Bank, North Mississippi. The loan matures Oct. 15, 2011.

BJN filed the master deed for One One O’Six Lofts Condominiums in 2007.

The property is bounded on the north by Union Avenue and on the south by Barboro Alley at the dead end of November 6th Street.

The building has 18 units in four floor plans, as well as underground parking, according to information from midsouthcondos.com.

A call made to the chief manager of BJN LLC was not returned by press time.

Source: The Daily News Online & Chandler Reports

– Kate Simone

Collierville Hosts Mtg. to Discuss Property Swap

The Collierville Board of Mayor and Aldermen will hold a public hearing Thursday for comments concerning the feasibility of constructing a new Collierville Middle School facility at Suggs Park in Collierville.

The public is encouraged to attend and provide input and view the plans in concept form.

Comments will also be requested on the feasibility of renovating the existing middle school located at Poplar Avenue and Walnut Street for reuse as a branch facility of the University of Memphis.

“We would like to hear from all of our citizens, whether they are in favor of the issue or whether they have problems,” Mayor Stan Joyner Jr. said.

The public hearing will be held Thursday at 6:00 p.m. in the board chambers at Town Hall, 500 Poplar View Parkway.

– Sarah Baker

FedEx Awarded for Environmental Efforts

FedEx Corp. was recently recognized by The International Charter for clear commitment to understanding its environmental impact and reducing it.

The International Charter, a global organization dedicated to helping companies do business in a socially responsible way, selected FedEx for the Commitment to the Environment award for several reasons, including the company’s development of hybrid technology compatible with its delivery trucks and the FedEx EarthSmart @ Work initiative, a program for spreading sustainable thinking through the different levels of the organization.

In addition, FedEx Express has increased vehicle efficiency by 14.1 percent since 2005 and is on schedule for a 20 percent reduction by 2020. The company is also making progress in the fields of renewable energy, and has doubled onsite solar generation to 3.92 megawatts.

“We were very impressed with the efforts FedEx is making, in particular with regard to reducing conventional energy consumption, as well as using cleaner vehicles in their distribution fleet,” Steve Fortes, director of International Charter, said in a statement. “FedEx is leading the way in understanding environmental impact and addressing it.”

FedEx is the only company in the transportation industry to receive the Committed to the Environment award.

– Sarah Baker

OrthoMemphis Opens OrthoStat Walk-In Clinic

OrthoMemphis has opened a walk-in clinic where people with muscle, bone and joint injuries can go for help without making an appointment.

The clinic, OrthoStat, opened this month. It is at 6286 Briarcrest Ave. at the headquarters of the orthopedics practice.

Hours are 8 a.m. to 8 p.m. Mondays through Thursdays and 8 a.m. to 5 p.m. on Fridays. OrthoStat also has a weekend call-back service.

The clinic is staffed by 14 physicians.

– Tom Wilemon

'Mad Money' Host Touts FHN Stock

Jim Cramer, the madcap host of “Mad Money” on CNBC, gave some props to First Tennessee Bank’s parent company during the “Lightning Round” portion of his show Friday.

The “Lightning Round” features Cramer dispensing rapid-fire buy and sell stock advice to callers who typically greet him with a hearty “Boo-yah, Jim.”

Last Friday, “Michael in Indiana” called to ask about First Horizon National Corp., the Memphis-based parent of First Tennessee. The latter is the largest bank based in Memphis, as well as Tennessee.

“I like FHN! Nobody else does!” Cramer boomed, suggesting it deserves more attention and praise. “At $11, I think it works.”

First Horizon reports third-quarter earnings Friday.

– Andy Meek

Bikram Yoga Has New Owners

Christine Boyer and Isaac Christopher are the new owners of Bikram Yoga, 5101 Sanderlin Ave. They assumed ownership Oct. 6.

Boyer has been a fitness coach since 2002. Most recently, she taught yoga in San Diego before moving here. Christopher has taught yoga in Texas, Kentucky, Montana, Canada and California.

Bikram yoga is a comprehensive, 90-minute class consisting of 26 postures and two breathing exercises. It is a class appropriate for beginners.

– Tom Wilemon

Vox Awards Set for Oct. 27

The Memphis chapter of the Public Relations Society of America is holding its annual Vox Awards Oct. 27 from 11 a.m. to 2 p.m. at the Holiday Inn-University of Memphis, 3700 Central Ave.

Mayor A C Wharton Jr. is scheduled to deliver the keynote address.

The Vox awards honor the Mid-South’s top communications campaigns, special events, writing and utilization of media in creative ways.

Tickets cost $35 for PRSA Memphis members and $45 for nonmembers.

For more information, visit www.voxawards2010.weebly.com.

– Tom Wilemon

CSX CEO Says Trains Can Get Longer

The CEO of CSX Corp. said Wednesday the railroad still has more room to grow its trains without adding staff, a key component of the efficiency that’s allowed it to grow earnings at a much faster pace than shipments have picked up.

The Jacksonville, Fla.-based Class I railroad operates the Intermodal Gateway-Memphis intermodal terminal (shared with Canadian National Railway Co.) at Frank C. Pidgeon Industrial Park.

In an interview with The Associated Press, CEO Michael Ward said the company can still grow carrying capacity by 10 to 15 percent, depending on the type of train. Most trains have 85 or 86 cars, Ward said, but coal trains can have as many as 150 cars.

CSX said late Tuesday its third-quarter earnings soared 43 percent as its trains ran more efficiently and shipments rose. Overall, shipments were up 10 percent. It added back employees, but at a slow pace to keep costs down. It raised core prices by about 6.6 percent.

– The Associated Press

PROPERTY SALES 85 205 21,165
MORTGAGES 76 206 24,338
BUILDING PERMITS 183 321 43,755
BANKRUPTCIES 48 92 13,560