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VOL. 126 | NO. 112 | Thursday, June 9, 2011

Daily Digest

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Pallet Factory Site Financed for $2.1M

M.E.D. Properties LLC has financed property at 3740 Arnold Road and an adjacent vacant parcel through Paragon National Bank with two loans totaling $2.1 million – a $1.3 million loan and an $800,000 loan.

The property is home to the corporate office of The Pallet Factory, a pallet recycling plant and manufacturer with 200 employees and four plants in the Mid-South, according to the company’s website. The Memphis facility handles 15,000 new and recycled pallets a day, according to the site.

The 3740 Arnold Road property is a 46,508-square-foot commercial manufacturing/processing facility. It sits on 9.5 acres on the north side of Arnold Road west of New Getwell Road in Arnold Road Industrial Park, phase 1. The Shelby County Assessor of Property’s 2011 appraisal is $1.4 million.

The vacant parcel is 2.9 acres to the west of the manufacturing facility. It is appraised at $216,000.

Source: The Daily News Online & Chandler Reports

Duncan-Williams Adds New Financial Advisers

Duncan-Williams Inc. has added two financial advisers to its growing private client group.

Justin Taylor and Tammy Alexander together have nearly 40 years of investment experience. They both join Duncan-Williams as vice presidents.

“We are thrilled that Justin and Tammy have chosen to join us,” said Ed Brundick, who heads the Private Client Group. “They are both early wins for us in our efforts to attract the brightest, indefatigable, client-focused advisers to Duncan-Williams Inc. Having the two of them on board is a milestone in the expansion of the Private Client Group as well as a significant step in reaching the company’s 500@50 growth initiative.”

Taylorwas previously with Wells Fargo Advisors, and his focus is on comprehensive wealth planning for high-net-worth families and institutional consulting for endowments, foundations and corporate pension plans.

Alexander has worked in the financial services industry since 1977. Most recently she worked at Wells Fargo Advisors.

– Andy Meek

Ghost River Brewing Holds Kayak Contest

Ghost River Brewing Co. is promoting a regional contest to win a new Pungo 100 Kayak from Outdoors Inc. The contest runs until Aug. 14.

The Ghost River Kayak is on display at Outdoors Inc., 833 N. Germantown Parkway. Second prize is a guided trip for six down the Ghost River from the Wolf River Conservancy, and third prize is a Ghost River Brewing gift pack cooler.

“The contest is intended to bring attention to the Wolf River Conservancy, the Ghost River, Outdoors Inc. and all of the bars and restaurants that serve Ghost River beer,” Ghost River director of marketing Suzanne Williamson said.

Entries for the contest are accepted online at www.ghostriverbrewing.com/kayak, and paper entries are available at all five Outdoors Inc. locations. Winners will be announced in early September.

Founded in 2008, Memphis-based Ghost River Brewing, 827 S. Main St., whose name comes from a remote stretch of the Wolf River in Fayette County, distributes beer to about 110 bars and restaurants in Memphis and North Mississippi. Bars and restaurants that serve Ghost River beer will be using specially made coasters to promote the event.

– Sarah Baker

City Council Redistricting Close To Filing Deadline

The Memphis City Council won’t vote on setting the new council district lines until two days before the July 21 filing deadline for candidates in the October city elections.

The elections include all 13 City Council seats with all 12 of the active council members expected to seek re-election. The 13th council member, Barbara Swearengen Ware, is suspended from any council duties following her indictment last year on an official misconduct charge. Ware hasn’t indicated if she will seek re-election.

Council attorney Allan Wade is overseeing the drafting of the district line proposal that will take into account a drop of 19,000 approximately in the city’s population by the 2010 U.S. Census. Wade told council members there will be changes in all seven of the single-member council districts. The other six positions are divided in half between two super districts that divide the city in half. A change in boundaries of the single-member districts along that line would also change the super district boundary since the seven single-member districts fall in one super district or another.

Wade’s estimate for the council is that a plan would be ready to approve at its July 19 meeting.

- Bill Dries

Luncheon Celebrates Empowering Memphis Girls

Girls Inc. of Memphis celebrates its 65th anniversary on Thursday, June 9, with a luncheon from 11:30 a.m. to 1 p.m. at Christ United Methodist Church, 4488 Poplar Ave.

The luncheon will honor three women in the Memphis community who exemplify Girls Inc.’s message of Strong, Smart and Bold.

Kim Cherry, vice president of corporate communications for First Tennessee Bank, will receive the Strong Award; Barbara Holden-Nixon, a consultant for the Urban Child Institute, will receive the Bold Award; and Catherine Battle, Northwest Regional Superintendant for Memphis City Schools, will receive the Smart Award.

Girls Inc. of Memphis kicked off its 65th anniversary earlier this year with an event in which 65 of the program’s girls released 65 balloons into the sky.

The Memphis affiliate of a national nonprofit, Girls Inc. of Memphis serves girls ages 6 to 18 through a variety of programs designed to build their capacity for responsible adulthood, college preparedness, economic independence and personal fulfillment.

Trained facilitators deliver programs at six locations throughout the city: Downtown, Midtown, East Memphis, South Memphis and at two locations in Whitehaven.

– Aisling Maki

IBM Grant Benefits Rhodes Library

Rhodes College’s Crossroads to Freedom has received a $130,000 services grant from IBM Corp.

The grant will allow Crossroads to Freedom to incorporate a new “Story Builder” tool to its archive.

Crossroads to Freedom is a digital library of oral history interviews and other primary sources related to the American Civil Rights era, cultural history of Memphis and stories of Memphis neighborhoods. There are currently 125,000 items available.

From November 2010 through April 2011, IBM software developers worked with Crossroads team members to create the “Story Builder” tool that enables users to make their own presentations using primary materials – video interviews, newspaper articles, photographs, etc. – from the Crossroads archive. The projected public launch of the tool is late 2011.

The library will allow teachers to pull the primary materials from the archive and add their own titles and notes to make lesson plans and presentations for their classes. And students will be able to publish their own stories and interviews with residents on the Crossroads site to share with classmates, making online community-building more integral to the archive.

– Taylor Shoptaw

Papa Murphy's Seeking Memphis Franchise Owners

Papa Murphy’s Take ‘N’ Bake Pizza – the fifth-largest pizza chain in the U.S. and one of the fastest-growing chains in the country – is looking to open 15 stores in Memphis.

Currently, there are two locations in the greater Memphis area, at 7781 Farmington Blvd. in Germantown and 8950 U.S. Highway 64, suite 102, in Lakeland.

The Papa Murphy’s Memphis Franchise Sale Seminar is slated for Wednesday, June 15, from 6:30 p.m. to 8:30 p.m. at Homewood Suites, 5811 Poplar Ave.

Interested parties can register at www.papamurphysfranchise.com or contact Lindsi Taylor at lindsi.taylor@papamurphys.com or 360-449-4017.

Vancouver, Wash.-based Papa Murphy’s operates over 1,250 franchised and corporate-owned locations in 37 states and Canada. The company was recently voted the No. 1 Rated Pizza Chain by surveyors in Zagat Survey’s 2010 Fast Food Survey and is a four-time recipient of Pizza Today’s Chain of the Year award.

– Sarah Baker

PROPERTY SALES 83 405 4,276
MORTGAGES 104 424 4,814
BUILDING PERMITS 148 883 10,151
BANKRUPTCIES 53 264 3,149