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VOL. 126 | NO. 123 | Friday, June 24, 2011

Daily Digest

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$3M in Permits Filed for Hacks Cross Construction

Two limited liability companies, Southwind I LLC and Southwind LLC, have filed building permit applications with the city-county Office of Construction Code Enforcement for construction on Hacks Cross Road.

Southwind I LLC filed a $1.4 million application for a building a 3152 Hacks Cross Road, with the description being “new construction.” Southwind LLC filed a $1.6 million application for 3168 Hacks Cross Road, described as “new construction of senior living facility.”

Neither address is listed yet by the Shelby County Assessor of Property or Shelby County Register of Deeds.

Both permits list the properties as “institutional” buildings. Neither lists a tenant, architect or contractor.

The number listed for Southwind I LLC is that of Americare Systems Inc. in Sikeston, Mo. Americare offers independent living, assisted living, Alzheimer’s care and skilled nursing in Kansas, Missouri, Tennessee and Mississippi, according to its website. A call to Americare was not returned by press time.

Source: The Daily News Online & Chandler Reports

– Kate Simone

Regions Creates Wealth Mgmt. Group

Regions Bank has created a new Wealth Management Group that combines its trust, private banking and insurance units into a single business line.

The bank has tapped its Central Region president, Bill Ritter, to head the new group. And Regions has moved John Turner, former president of Whitney National Bank, into the Central Region president slot. Both will report to Regions President and CEO Grayson Hall.

“Establishing this new business line will help us advance our strategic plan by focusing on a key, profitable customer segment with the goal of increasing our non-interest revenue, deepening customer relationships and providing greater value to them,” Hall said. “Bill’s breadth of experience within the bank and proven leadership skills make him an ideal fit for this new role. At the same time, the opportunity to add someone of John Turner’s stature and experience to lead our Central Region will add even more strength to our management team.”

– Andy Meek

Beasley Chosen to Head Tenn. Judicial Conference

Shelby County Criminal Court Judge James C. Beasley Jr. is the new president of the Tennessee Judicial Conference.

Beasley was elected by his fellow state appellate and trial court judges from across the state who make up the 183 members of the conference. He succeeds Chancellor Skip Frierson of Morristown, Tenn.

Beasley has been a Criminal Court judge since 1995 and was an assistant district attorney general for 17 years before that.

The conference is established in Tennessee law to weigh the official duties of judges as well as how courts are run across the state. The TJC also provides continuing legal education to judges.

– Bill Dries

Haslam Touts Social Media Numbers

Tenn. Gov. Bill Haslam has 40,042 Facebook supporters, 8,388 Twitter followers and 1,072 LinkedIn connections, according to statistics he announced.

Haslam is the first state chief executive to add the social media statistics to the other vital statistic a governor has – how many people voted for him.

Haslam is also the first governor in the state’s history to have the combination of social media links, including YouTube and Flickr, highlighting them at this week’s Tennessee Digital Government Summit in Nashville.

Haslam’s Twitter account is @billhaslam.

– Bill Dries

Exchange Club Receives $350K From Plough

The Exchange Club Family Center has been awarded a $350,000 grant from the Plough Foundation.

The grant money will provide funding for the next three years to enhance the center’s ability to provide crisis management and counseling services for children and adults in the Hispanic community who are experiencing the trauma of domestic violence and child abuse.

Since 2008, the center’s Latino Services has grown from one part-time bilingual therapist to two full-time bilingual therapists. At the same time, the number of Latino clients served by the center has quintupled, creating an increased demand for the center’s services in Spanish.

The foundation’s grant will enable the center to hire a third bilingual therapist to help meet the growing demand for Spanish-language services. The center will offer eight programs that have been adapted to be culturally relevant and appropriate for Latino clients. They include individual therapy, play therapy, family therapy, couples therapy, a child witness of domestic violence program, a comprehensive anger-management program, a court-mandated parenting class for divorcing parents and a domestic violence assessment center.

– Taylor Shoptaw

Tenn. Arts Commission Introduces New URL

The Tennessee Arts Commission introduced a new website address, www.tn.gov/arts, Wednesday, June 22. The state of Tennessee is implementing the new website to standardize all state government sites for uniformity and consistency, according to Mike Chambers, the commission’s information technology director.

Chambers said the website will make it easier for people to find information they need concerning the arts commission.

The previous URL will continue to operate until July 9.

– Houston Cofield

New Pinnacle CEO Gets Base Pay of $425K

Pinnacle Airlines Corp. of Memphis has reached a contract agreement with its new president and CEO, Sean Menke.

The regional air carrier, in a filing with the U.S. Securities and Exchange Commission, said Menke will start July 1 at an initial base salary of $425,000 with annual reviews.

The pay comes with stock options and the same benefits Pinnacle pays its executives. The contract comes with no compete, non-disparagement and confidentiality clauses.

The filing also spells out that if Menke is fired for cause or voluntarily resigns he gets his accrued obligations and COBRA benefits only. If he is fired without cause or quits for “good reason,” Pinnacle will pay an amount equal to two times his base salary plus his target incentive bonus in regular payments over two years. And Pinnacle would pay $60,000 in transition expenses.

Menke was tapped by the Pinnacle board to replace Phil Trenary who resigned in March with the company paying him $3 million under terms of his contract.

– Bill Dries

Beatles Photo Exhibit Comes to Memphis

The Memphis Rock ‘n’ Soul Museum is hosting an exhibition of photographs of The Beatles that will open July 1 and run through Sept. 11.

The 36 photos were taken by Paul Beriff in 1963 and 1964 and chronicle the band’s meteoric rise in popularity amid the onslaught of “Beatlemania” and the close friendship between the four famous musicians from England.

The exhibit is free with a regular Rock ‘n’ Soul Museum admission fee of $11 for adults and $8 for youth ages 5 to 17. And it coincides with the 45th anniversary of The Beatles’ arrival in Memphis to play two shows in 1966.

– Andy Meek

State Honors Handed Out for Pro Bono Work

A Memphis attorney and a Nashville law firm have been honored for doing free work for low-income families.

Jeffrey C. Smith, partner in charge of the Memphis office of Adams and Reese, was named pro bono attorney of the year by the Tennessee Justice Center.

Waller Lansden Dortch & Davis of Nashville was chosen pro bono firm of the year.

Tennessee Supreme Court Justice Sharon Lee made the presentation at the Chattanooga office of the Legal Aid Society of East Tennessee.

The Nashville-based justice center is a nonprofit, public interest law and advocacy firm serving families in need.

– The Associated Press

PROPERTY SALES 70 70 1,045
MORTGAGES 79 79 1,199