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VOL. 125 | NO. 173 | Tuesday, September 7, 2010

Daily Digest

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Chick-fil-A Buys Millington Property

Chick-fil-A Inc. has bought a 1.9-acre parcel on U.S. Highway 51 in Millington from Hwy 51 LLC for $775,000. The property is an outparcel of Lowe’s Home Improvement store. Lowe’s sold the property to Hwy 51 LLC in 2006 for $555,860.

The site, which is zoned for commercial use, is on the southeast side of Highway 51 northeast of Wilkinsville Road.

The Shelby County Assessor of Property’s 2010 appraisal of the lot is $472,400.

The Chick-fil-A currently closest to Millington is near Wolfchase Galleria, more than 12 miles away.

A call to Chick-fil-A was not returned by press time.

Source: The Daily News Online & Chandler Reports

– Kate Simone

MAAR Elects 2011-2012 Board of Directors

The Memphis Area Association of Realtors elected its board of directors for 2011-2012 at its annual meeting and election last week.

MAAR members elected six real estate agents to serve on the board during the next two years.

They are Steve Brown of Crye-Leike Inc. Realtors, 2011 director and 2012 vice president; Eric Fuhrman of Investec Realty Services LLC, director; Landra Pryor of Crye-Leike, director; Judy Skinta of Prudential Collins-Maury Inc., director; Greg Glosson of Fast Track Realty, director; and Mindy Creech of RE/MAX On Track, associate director.

Those six will join the current board members who served in 2010 and will continue to serve in 2011.

They are Leon Dickson of BenchMark at Southwind, president; John E. Stamps of Prudential Collins-Maury, vice president; Walter Allen of Integra Realty Resources, director; Michelle Hayes of Hayes Homes & Realty Inc., director; Anne M. Chambers of ERA Chamberwood Realty Group, director; and Frances Anderson of Crye-Leike, director.

MAAR, one of the state’s largest Realtor organizations, is celebrating its centennial this year.

Eric Smith

International Paper Spent $870,000 Lobbying in Q2

International Paper Co. spent $870,000 to lobby the federal government in the second quarter on funding for the postal service, forest sustainability and other issues, according to a disclosure report filed with Congress.

The company’s second-quarter lobbying bill was nearly 18 percent higher than the $738,390 it reported spending in the same quarter a year ago and represents a 26 percent increase from the $690,000 it reported spending on lobbying in the first quarter of this year.

The paper company also disclosed lobbying on climate-change legislation, economic development, transportation, tax credits for renewable energy, taxes and pensions.

One bill it lobbied on would let companies get a tax credit up to $25 million per year to produce energy from biomass fuels for pulp- or paper-making plants in the United States.

Besides Congress the company also lobbied Treasury.

– The Associated Press

Noted Interior Designer to Be Featured at Brooks

Noted New York interior designer and author Bunny Williams will be the featured speaker Friday for a fundraiser to benefit Decorative Arts Trust, a support group of the Memphis Brooks Museum of Art.

A noon lecture and luncheon has sold out but tickets still remain for a lecture at 10:30 a.m. in the museum’s auditorium. Williams will discuss the personal style revealed in her latest book, “Point of View,” which has made her one of the most successful interior designers of her generation. Williams will sign copies of the book following the lecture.

The sold-out luncheon event is geared toward designers, dealers and collectors.

Tickets for the lecture are $45 and are on sale at Palladio Art and Antiques, Babcock Gifts and Market Central.

All proceeds from Williams’ appearances will go to the Decorative Arts Trust.

For more information, go to www.decorativeartstrust.com.

– The Daily News

U of M Alumni Board Issues Challenge for Donors

The Alumni Board of the Fogelman College of Business and Economics at the University of Memphis has issued a challenge to fellow graduates.

Every dollar donated from now until Dec. 31 by someone who did not give last year will be matched dollar-for-dollar, up to $25,000. The money will be matched by board members.

Donors can make donations by phone or automatic bank draft, or checks may be mailed to the University of Memphis Foundation, Department 238, P.O. Box 1000, Memphis, TN 38148.

For more information, call 678-3953 or visit www.memphis.edu/supportfcbe.

Tom Wilemon

Amy LaVere Returns to Playhouse

Amy LaVere is planning a return gig at Playhouse on the Square, following the success of this summer’s first date in what she hoped would become a regular concert series at the Midtown venue.

LaVere told followers of her Facebook page the next show will be in October.

LaVere came up with the idea for the concert with Paul Chandler, a producer and agent at Resource Entertainment Group, which works with LaVere on private, corporate and fundraising performances in the area.

Andy Meek

MLGW, TVA Honored for Economic Work

Memphis Light, Gas and Water Division and the Tennessee Valley Authority have been chosen among the top utilities in the country and Canada in economic development.

Atlanta-based Site Selection magazine selected the two based on capital investment and job creation in 2009. The two were among 10 picked for the honor.

The publication said in a news release that the designation gauges the ability of utilities to complement power delivery with fostering corporate investment in their territories.

– The Associated Press

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 56 437 16,061
MORTGAGES 76 508 18,556
FORECLOSURE NOTICES 8 56 2,461
BUILDING PERMITS 241 876 33,390
BANKRUPTCIES 64 301 10,314
BUSINESS LICENSES 15 125 5,303
UTILITY CONNECTIONS 17 125 6,273
MARRIAGE LICENSES 19 98 3,511