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VOL. 126 | NO. 80 | Monday, April 25, 2011

Daily Digest

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Downtown Warehouse Quitclaimed for $465,500

An investment partnership called 109 South Second Partnership, an affiliate of Memphis-based developer Henry Turley Co., has received 109 S. Second St. via two quitclaims.

Arthur F. Fulmer and Catherine F. Muscari each quitclaimed their half interest to the partnership for $232,750 each.

109 South Second Partnership filed a $2 million loan through First Tennessee Bank NA at the time of the quitclaims.

At the northwest corner of South Second Street and Gayoso Avenue, 109 S. Second contains a 101,868-square-foot warehouse built in 1917.

On the day of the sale, Riverdale Partnership quitclaimed its 1/2 interest in the site to Catherine Muscari, and A. Fulmer Partnership quitclaimed its 1/2 interest to Arthur F. Fulmer III.

The Shelby County Assessor of Property’s 2010 appraisal was $967,600.

Source: The Daily News Online & Chandler Reports

– Kate Simone

Chandler Reports to Host Foreclosure Seminar Wed.

Chandler Reports, a division of The Daily News Publishing Co. Inc., is hosting a free foreclosure seminar Wednesday in an effort to educate more people about its foreclosure reports and how real estate agents can effectively use the data to assist their clients.

The live, online demonstration will include a foreclosure effect report, bank versus non-bank sales, detailed foreclosure analysis reports, The Daily News Online neighborhood report and analyzing foreclosures on the Chandler Reports’ “custom comparables” reports.

The event is Wednesday from 3 p.m. to 4 p.m. at the Memphis Area Association of Realtors, 6393 Poplar Ave.

For more information, contact Chandler Reports business development manager Wendy Greenlaw at 528-5273 or wendy@chandlerreports.com.

– Sarah Baker

MAAR to Host Affordable Housing Event

In recognition of Fair Housing Month, the Memphis Area Association of Realtors will present the fifth annual Fair & Affordable Housing event on Wednesday.

The program is geared toward educating Realtors about the many resources available to assist first-time homebuyers, low- to moderate-income buyers and people facing foreclosure.

“Homeownership is important to our community,” MAAR president Leon Dickson said in a statement. “This program helps homeowners by further educating Realtors about the available resources.”

In previous years, agencies that attended the event included: MAAR’s Welcome Home Memphis program, City of Memphis Department of Housing and Community Development, Shelby County Department of Housing, Tennessee Housing Development Agency, the Community Development Council of Greater Memphis, Memphis Consumer Credit Counseling, United Housing Inc., Memphis Housing Resource Center, UT Extension Services, Memphis Fair Housing Center, Frayser Community Development Corp., The Works Inc. and many others.

The event is slated for Wednesday from 10 a.m. to noon at the MAAR Education Center, 6393 Poplar Ave.

– Sarah Baker

Most Tenn. Counties Report Lower Unemployment

Non-seasonally adjusted unemployment rates in Tennessee counties for March 2011 show that the rate decreased in 93 counties and increased in two counties.

Tennessee’s unemployment rate for March was 9.5 percent, unchanged from the revised February rate.

The national unemployment rate for March 2011 was 8.8 percent, down 0.1 percentage point from the February rate of 8.9 percent.

Shelby County saw unemployment of 10.1 percent, down from 10.4 percent in February.

Lincoln County registered the state’s lowest county unemployment rate at 6.1 percent, down from the February rate of 6.6 percent.

Scott County had the state’s highest unemployment rate at 21.9 percent, down from 22.6 percent in the previous month, followed by Pickett County at 16.4 percent, down from the February rate of 18.1 percent.

Knox County (Knoxville) had the state’s lowest major metropolitan rate of 7.0 percent, down from 7.6 percent in February.

Hamilton County (Chattanooga) was 8.1 percent, down from 8.7 percent the previous month.

Davidson County (Nashville) was 8.4 percent, down from 8.7 percent in February.

– Allison Buckley

Lowe's to Host How-To Clinic for Women Volunteers

In preparation for National Women Build Week, April 30 through May 8, Lowe’s will host a how-to clinic Thursday from 6:30 p.m. to 8 p.m. at its Perkins Road store, 585 N. Perkins Road.

The clinic will teach women how to use hand and power tools and install exterior siding, and is open to women interested in volunteering at any local Women Build event.

There is no cost to enroll, and Lowe’s will provide all supplies and employees will teach the construction basics to volunteers.

The Women Build program recruits, educates and inspires women to build and advocate for simple, decent and affordable houses in their communities.

The clinic will be limited to 25 participants.

To sign up or for more information, contact Erica Gorman, Memphis Habitat’s volunteer coordinator at 761-4471, extension 217, or egorman@memphishabitat.com.

Lowe’s, sponsor of National Women Build Week, will commit more than $1.3 million and will provide $5,000 in store gift cards and event support materials to more than 250 Habitat affiliates.

– Taylor Shoptaw

CMOM Reaches Finals for "Best of the South" Poll

The Children’s Museum of Memphis is a finalist in AAA Southern Traveler‘s “Best of the South” membership poll for 2011.

The museum’s category is “What is the best children’s museum?” and the choices are: Louisiana Children’s Museum, the Children’s Museum of Memphis and the Museum of Discovery in Little Rock, Ark.

Deadline for voting is May 16.

“We are asking the media to help spread the word to the city to let people know to vote – not just for us, but for Memphis as a whole,” said Richard C. Hackett, CMOM CEO, in a statement. “If the museum wins, it is just another reason for Memphians to be proud of their city.”

Voting and more information can be found by visiting www.cmom.com.

– Allison Buckley

Regions Manager in Memphis Honored With Award

Bryan Ford, commercial and industrial client manager in Memphis for Regions Financial Corp., is the April recipient of Regions’ Better Life Award.

It is the top award given at Regions to associates for outstanding dedication and job performance as well as community involvement.

“Bryan possesses the drive to be successful in everything he does. We are proud to honor him with this prestigious award,” said Joe DiNicolantonio, executive vice president and area president for Regions.

– Andy Meek

Conway Services Pledges $25K to GCHS Grand Prix

Conway Services Heating, Cooling and Plumbing has announced its $25,000 Platinum Sponsorship of the Germantown Charity Horse Show Grand Prix jumping competition, to be held June 7 to 11.

The Germantown Charity Horse Show raises money for the Exchange Club of Memphis, which is an organization whose goal is to prevent child abuse and family violence through counseling and education.

The Germantown horse show has been the largest fundraiser for the group since 1999.

“As a family man myself, I take the issues of child abuse and family violence very seriously,” said Conway Services general manager John Conway in a statement.

“And as a company, we are only too happy to make this contribution in support of the Exchange Club of Memphis.”

– Allison Buckley

PROPERTY SALES 61 262 16,169
MORTGAGES 28 132 10,054
BUILDING PERMITS 88 424 38,360
BANKRUPTCIES 36 92 7,564