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VOL. 126 | NO. 70 | Monday, April 11, 2011

Daily Digest

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Collierville-Based Venture Buys Summer Gas Station

Collierville-based SAN Investments Inc. has bought a gas station at 6105 Highway 70 (also known as 6105 Summer Ave.) from JD Ventures II LLC for $1.3 million. The deal closed April 4.

The purchase was financed with a $1.2 million loan through Bank of Bartlett.

The station sits on 0.6 acres at the southeast corner of Summer Avenue and Raleigh-LaGrange Road. Though the Shelby County Assessor of Property lists the land as vacant – and appraised it in 2010 at $127,500 – an aerial map of the location shows a gas station on the site.

Jerry W. Ferrell and Debora Ferrell quitclaimed the property to the seller, JD Ventures II LLC in April 2010.

Source: The Daily News Online & Chandler Reports

– Kate Simone

The Daily News Finalist for Five TAPME Awards

The Daily News has been named a finalist for five 2011 Tennessee Associated Press Managing Editors awards in the Division 4 category, assigned to daily newspapers with a circulation of under 10,000.

Reporter Aisling Maki placed in the Features category for a portfolio of articles on health care and nonprofits: “On the Mend,” “Life Savers” and “LeBonheur Moves Patients Into New Facility.”

Reporter Sarah Baker placed in the business category for “Emphasis on Cargo Security Heightened.”

Senior reporters Andy Meek and Bill Dries placed in business for “Fund Signals Memphis ‘Open for Business,’” and “Energy in Memphis,” respectively.

The paper also placed in the editorials category for “Time for Sustained Financial Reform is Now.”

The 2011 Tennessee AP Managing Editors will hold a combined awards presentation with the Tennessee AP Broadcasters on May 14 at the Sheraton Downtown Nashville, 623 Union St.

– Sarah Baker

Keith Cole New Exec. Director At Wolf River Conservancy

The Wolf River Conservancy board of directors recently voted unanimously to hire Keith Cole as executive director.

Cole began his new position April 4, bringing a background of successful strategic and tactical planning, human resource management, team building and leadership, as well as marketing and public relations.

He holds a bachelor of science degree in Business Management from Arkansas State University and has been a long-time Memphian, graduating from the Leadership Memphis program in 2001.

One of Cole’s first shows of support will be at the 25th celebration of protecting the Wolf River with the Wolf River Conservancy, which will feature a Dinner on the Greenway.

Guests will enjoy a sunset catered picnic which includes a picnic blanket big enough for four, a picnic basket full of surprises, including dinner from Heart and Soul Catering, and spirits from Ghost River Brewery.

The cost per person is $250. Corporate/group tables are available for a contribution of $2,000. Tables will seat up to eight. With limited space, only 50 picnic blankets and 15 corporate/group tables are available.

More information can be found at www.wolfriver.org.

– Allison Buckley

ULI Event Highlights NYC Firm’s Park Plan

Liza Tziona Switken, associate partner/managing director of New York-based james corner field operations, presented the group’s ambitious planning and designing of Shelby Farms Park to a room of architects, designers and environmentalists at the Urban Land Institute’s “People, Places & Landscapes: Designing the 21st Century Urban Fabric” Thursday event.

Switken said the company worked to infuse the 4,500-acre park with markets, education, energy and arts. The main issues it faced were defining the identity and territory of the park, uniting the segmented infrastructure and ecosystems, and improving the deficient circulatory systems.

Over four phases, field operations is working to improve access, connectivity and circulation, plant 1,000 new trees, and define 12 new landscape “rooms.”

Phase one focuses on Patriot Lake, initial tree planting, gateways and the Discovery Woodland Playground, which opened Friday and features a safety surface made from old recycled sneakers.

Switken in her presentation noted the firm is also responsible for the design of New York’s High Line Park and Fresh Kills Park and the new design of Seattle’s waterfront, Santa Monica’s new civic park, and large urban projects in China, Korea and Brazil.

The presentation also included the John Hopkins, project director of Parklands and Public Realm at the Olympic Delivery Authority, the first sustainable Olympic Games held in London in 2012. Seventy-five percent of the investment in venues and infrastructure for the games will remain at the heart of a 20-30 year regeneration project providing up to 10,000 homes in addition to commercial, retail space and community facilities.

– Sarah Baker

Laurelwood Hosts New Concert Series

Starting this month, the Laurelwood shopping center in East Memphis is no longer just the place to go for things like fresh-baked bread at Panera Bread or service from the independent book store Davis-Kidd Booksellers.

The center is hosting a concert series every Thursday from 6 p.m. to 8 p.m. in its courtyard celebrating the center’s tenants, customers and Memphis music. The lineup of all-female acts kicked off April 7 with Alexis Grace and runs through May 26. Other acts include Joyce Cobb, Valerie June and Grace Askew.

In the case of rain, the event will move inside to The Stovall Collection. For more information, go to www.laurelwoodmemphis.com.

– Andy Meek

Willow Lake Sale Moved to April 22

The foreclosure sale of the 17-building, mixed-use Willow Lake Business Park and Corporate Park in Hickory Hill has been postponed until April 22 at noon at the Shelby County Courthouse, 140 Adams Ave.

The foreclosure is being pursued because borrowers of the mixed-use property – listed as five separate Delaware limited liability companies related to Chicago-based HSA Commercial Real Estate – defaulted on a $67 million loan through Countrywide Commercial Real Estate Finance Inc. dated Dec. 28, 2006. That loan was later assigned to LaSalle Bank National Association and then to U.S. Bank NA.

The property includes multiple addresses on Raines Road, Willow Lake Boulevard, Knight Road, South Perkins Road and Cromwell Cove. Included property descriptions list parcels in Willow Lake Business Park, Chickasaw Cession, Corporate Park and Hickory Hill Industrial Park.

– Sarah Baker

Theatre Memphis Starts Emergency Fund

Theatre Memphis has established a need-based community fund for Memphis theater community staff and volunteers facing medical needs and other serious challenges.

The fund was established after a cherished local actor, who had no medical insurance coverage, suffered a stroke.

The distribution process of money through the Emergency Needs for the Theater Artists Community FUND will be monitored by a committee appointed by Theatre Memphis and open to the entire Memphis theater community. Cash awards will be reviewed on an individual basis with the majority allocated for medical needs. All payments will be made towards invoices or bills submitted by the recipient and approved by the committee.

“To create an entity that can support our community that gives so much to us with their time and talents is just another small way we can show our appreciation,” said Debbie Litch, Theatre Memphis executive producer. “Though this may not cover all the bills that may come in for an individual in need, it can certainly help and be a concerted way to gather these funds quickly by having a fund already in place.”

Theatre Memphis, 630 Perkins Road Extended, is a nonprofit community theater whose mission is to provide outstanding theatrical experiences to enrich the lives of audiences and participants. The organization receives funding from ArtsMemphis and the Tennessee Arts Commission.

Visit www.theatrememphis.org for more information.

– Aisling Maki

PROPERTY SALES 0 74 17,458
MORTGAGES 0 93 20,128
BANKRUPTCIES 0 63 11,227