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VOL. 126 | NO. 17 | Wednesday, January 26, 2011

Daily Digest

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Trustmark Forecloses on 46 Lots in Gailyn Manor

Trustmark National Bank has foreclosed on 46 lots in Gailyn Manor Planned Development, phase II, according to a first-run foreclosure notice in today’s Daily News. The foreclosure notice was filed because borrower Gailyn Manor Inc. defaulted on a $2.1 million loan through Trustmark. That loan was a construction deed of trust dated Nov. 15, 2005, for what at the time was 34.3 vacant acres on Old Brownsville Road.

The 46 lots are listed as being on Shira Drive, Avi Cove, Avi Drive, Esty Cove and Esty Drive.

Per newspaper policy, The Daily News cannot contact parties related to the foreclosure until the notice runs.

The property is slated for sale Feb. 23 at 1 p.m. at the Shelby County Courthouse.

For details, see today’s print foreclosures section or the Public Notices section at www.memphisdailynews.com.

Source: The Daily News Online & Chandler Reports

– Kate Simone

Yogurt Shop Slated for South Main Spot

An $80,000 building permit application has been filed with the city-county Office of Construction Code Enforcement for a yogurt shop at 94 S. Main St.

The permit lists BMJ LLC as the property owner and BMK of Memphis LLC as the tenant. A phone number listed on the permit application is not in service.

The permit states it is to “convert existing office space into a frozen yogurt shop,” “bring in equipment and machinery” and “put in walls and plumbing and electrical work.”

Yogurt shops have become popular across the city, with YoLo, Gracie Bleu, Yogurt Mountain and Sweet CeCe’s among the stores recently setting up shop in the Memphis area. The most recent addition is a self-serve TCBY in University Center, 3445 Poplar Ave.

For more information on local yogurt shops, see the Dec. 20 article titled “Soft Surge” and the Jan. 21 article titled “Yogurt Craze Continues With TCBY Store.”

– Daily News Staff

Chandler Reports to Hold Seminar Today

Chandler Reports is hosting its second annual “Master Your Market: Year-in-Review” today, where topics of discussion include sales, mortgages and foreclosures in the residential and commercial sectors.

Keynote speakers include Shelby County Trustee David Lenoir; Lisa Reid, executive vice president and division head of the mortgage department at Magna Bank; and Phyllis Betts, director of the Center for Community Building and Neighborhood Action.

Each speaker will have 10 minutes to address the group, then the audience will have an opportunity to ask questions. After the event, Chandler Reports will host a cocktail hour for guests to network with the guest speakers and their peers.

Master Your Market is slated for Wednesday from 3:30 p.m. to 6 p.m. at The Great Hall of Germantown’s Media Room, 1900 S. Germantown Road, behind City Hall next to the tennis courts.

The cost to attend is $10 for Chandler Reports subscribers and $15 for non-subscribers. Cost includes a copy of the presentation and year-end market trend reports. Anyone interested can contact Wendy Greenlaw, Chandler Reports business development manager, at 528-5273 or wendy@chandlerreports.com.

– Sarah Baker

Methodist Le Bonheur Seeks NODA Volunteers

Methodist Le Bonheur Healthcare is seeking volunteers for its No One Dies Alone Program, which trains volunteers to sit with patients who are actively dying and have no friends or family to be by their side.

NODA was launched in the fall at Methodist Le Bonheur Germantown and will now be rolled out to all affiliate hospitals.

The program, which started in Eugene, Ore., at Sacred Heart hospital some years ago, has been adopted by about 35 hospital systems across the country.

Nurses and chaplains play a key role in helping identify patients whom they think could benefit from the program.

“It is a sacred time to be with someone at their time of death,” said the Rev. Jack Conrad, Methodist Le Bonheur Germantown Hospital chaplain. “There is incredible mutuality with this program because in addition to providing a needed service to patients, the volunteers tell me they feel as if they have received a phenomenal gift from the experience.”

A significant number of dying patients do not have family. They include elders who’ve outlived their families, people whose geographically or emotionally distant relatives are not able to be present and the occasional stricken traveler.

Volunteers go through a two-hour training session and receive a kit complete with a NODA button, a blanket, poetry book, the Bible, a journal and a book titled “How to Be a Perfect Stranger.” The kit also contains a book of prayers from various religions.

The program currently has 32 trained volunteers, but more are needed to be on an on-call list as needs arise.

Those interested should e-mail Conrad at conradj@methodisthealth.org.

– Aisling Maki

School Compromise Goes to MCS Board Next Month

The Memphis City Schools board has another compromise plan for breaking a consolidated school system into districts.

And the compromise from MCS board member Jeff Warren is scheduled for a vote Feb. 28, a dozen days after early voting begins on the referendum to surrender the MCS charter and consolidate it with the Shelby County Schools system.

Warren’s plan is a more detailed version of a multi-district school system he floated earlier this month but didn’t bring to the board for a vote. Warren’s plan doesn’t try to stop the referendum set for a March 8 election day with early voting beginning Feb. 16 and ending March 3.

As that is happening, his plan would establish a panel to see if it can come up with a plan for a city-county school system that would have three or four separate districts all under the control of a single board and a chancellor.

Developing the plan would delay the effective date of any school consolidation.

If recommended by the panel, the proposal would go to voters not just in Memphis but across Shelby County. If voters turned it down at the polls and the charter surrender were approved by voters in the earlier March 8 vote, the Shelby County school system would then assume control of what had been the Memphis City Schools and the two systems would be consolidated.

– Bill Dries

First Tennessee Wins Recognition

First Tennessee Bank continues racking up awards. The banking unit of Memphis-based First Horizon National Corp. was recognized for customer satisfaction in the 2010 Greenwich Excellence Awards for small business banking.

First Tennessee received awards in 10 of the 13 categories and ranked in the top 1 percent of the 750 banks surveyed for customer satisfaction in the small business banking segment.

Chip Higgins, executive for First Tennessee business banking, said the awards recognize the company’s success in building strong relationships with customers.

Earlier this month, First Tennessee won honors in the national and regional categories for treasury management in the 2010 Greenwich Excellence Awards for U.S. middle market banking.

– Andy Meek

FedEx Introduces Tech Enhancements

FedEx SupplyChain, a subsidiary of FedEx Corp., has made significant enhancements to its FedEx Critical Inventory Logistics service.

FedEx Critical Inventory Logistics customers worldwide can now track the status of orders, shipments and inventory levels by logging into a web application on fedex.com. Order placement and status messaging are also available through electronic data interchange and delivered in a common global message format.

FedEx Critical Inventory Logistics customers around the globe can now track their inventory levels, order and shipment status in real time, no matter where the order was placed or where it will be delivered. FedEx SupplyChain has also deployed a common warehouse management system, enabling more consistency in capabilities and experience around the world.

“Our solution does not require customers to navigate multiple systems or applications like many other global supply chain management options available today,” president and CEO of FedEx SupplyChain Craig Simon said in a statement. “It is truly a single, global access point that can take the complexity and worry out of the process of managing global logistics. This enhanced IT platform, coupled with our reliable execution, is an unbeatable combination.”

– Sarah Baker

PROPERTY SALES 57 280 1,209
MORTGAGES 55 244 916
BUILDING PERMITS 158 699 2,751