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VOL. 126 | NO. 214 | Wednesday, November 2, 2011

Daily Digest

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Germantown Retirement Home Financed for $12.9M

Germantown-based Germantown Plantation Retirement Communities LLC has filed a $12.9 million loan through Deutsche Bank Berkshire Mortgage Inc. for Germantown Plantation Senior Living Community at 9293 Poplar Ave. The loan matures in June 2045.

The three-story, 136,751-square-foot building was built in 2005 and includes 106 units.

It sits on 4.6 acres on the north side of Old Poplar Pike southwest of Poplar Avenue.

Germantown Plantation Retirement Communities LLC bought three parcels in August 2002 from Jerry L. Peoples for $1.4 million.

Those included 9293 Poplar, 9280 Poplar and a vacant lot on Poplar Pike, according to the 2002 deed. Peoples signed this loan as chief manager of Germantown Plantation Retirement Communities LLC.

The Shelby County Assessor of Property’s 2011 appraisal is $9.3 million.

Germantown Plantation Senior Living Community offers independent-living and assisted-living apartments with one- and two-bedroom floor plans, according to the community’s website.

Amenities include a movie theater, an indoor pool and a chapel facility, according to the site.

Source: The Daily News Online & Chandler Reports

– Daily News staff

First Tennessee Bank Eliminates Debit Fees

Memphis-based First Tennessee Bank is the latest bank to back off new debit card fees.

First Tennessee joins Bank of America, SunTrust Banks Inc., Regions Financial and others that within the last few days all have dropped plans to implement unpopular new fees for debit card users.

First Tennessee confirmed Tuesday, Nov. 1, it will not begin the implementation of its new debit card fee program. The bank had decided to start in October charging 4 cents for PIN transactions and 14 cents for signature transactions, up to a maximum monthly amount of $3.

Meanwhile, Bank of America said it’s dropping its planned $5 monthly fee for debit card users that sparked widespread criticism from customers.

SunTrust said it will stop charging its $5 per month fee for debit card users. Regions is dropping its $4 per month fee, and other banks such as Chase and Wells Fargo have backed off, as well.

– Andy Meek

ICAA Tennessee Chapter to Hold Annual Meeting

The Tennessee Chapter of the Institute of Classical Architecture & Art will hold its annual meeting Thursday, Nov. 3, and Friday, Nov. 4.

The two-day event will kick off Thursday at 6:30 p.m. with a lecture and book-signing by architect Russell Versaci at the Madison Hotel, 79 Madison Ave. Versaci is author of “Creating a New Old House.” A social will follow.

The meeting will continue Friday, Nov. 4, at 10 a.m. with a tour of the University of Memphis Cecil C. Humphreys School of Law, 1 N. Front St., led by Bill Nixon of Askew Nixon Ferguson Architects. The building was restored and redesigned in a joint venture between Askew Nixon Ferguson Architects and Fleming Associates Architects.

Lunch will be at 11:30 a.m. at the Rendezvous, 52 S. Second St., and will include a presentation by Paul Gunther, ICAA national president.

Historian Francis Marrone will give a lecture about New York City architecture at 2 p.m. at the Madison Hotel.

For more information or to register, call Mark McClure of Menzer McClure Architects at 767-6640 or visit www.tennesseeclassicist.org.

– Taylor Shoptaw

Series on Memphis Gangs to Premiere on WKNO-FM

WKNO-FM will premiere a series addressing the issue of gangs in Memphis Wednesday, Nov. 2. The series was created by news director Candice Ludlow. It will air during Morning Edition on Wednesdays over the next several weeks. Morning Edition runs from 4 a.m. to 9 a.m.

The series examines the problem through the eyes of Shelby County Sheriff Sgt. Charles Eldridge, who leads the Street Crimes Unit working to eliminate the presence of gangs and drugs on Memphis streets. Eldridge has identified the neighborhoods where particular gangs reside.

He discusses the ways law enforcement obtains information about gangs and how he goes about working in gang-infested areas.

– Sarah Baker

Integration Doc Screened at First Tennessee Bank

“The Memphis 13,” a documentary about the 1961 racial integration of Memphis City Schools, will be shown Thursday, Nov. 3, and Friday, Nov. 4 at First Tennessee Bank, 165 Madison Ave.

The documentary by University of Memphis Cecil C. Humphreys School of Law professor Daniel Kiel will be shown at the M-level auditorium at 11:30 a.m.

The documentary drew an overflow crowd last month when it was screened at the Malco Paradiso theater.

–Bill Dries

Memphis Health Group Holds Tenn. Health Reform Seminar

Memphis Business Group on Health (MBGH) will present “Health Reform in Tennessee,” for employers to learn about the state of Tennessee’s plan for the state health insurance exchange and how it will impact businesses large and small.

The event is scheduled for Nov. 17, 2011, from 6 to 8 p.m. at the Fogelman Executive Center, 330 Innovation Drive,at the University of Memphis.

Brian Haile, director of the Insurance Exchange Planning Initiative for the state of Tennessee, will present information about the State Health Insurance Exchange, which has been designed to offer affordable health insurance options for individuals and small employers starting in 2014 and for large employers in 2017.

The event is sponsored by MBGH, Health Choice, Metro-Care Physicians, Methodist Healthcare, Healthy Memphis Common Table, Memphis Medical Society and the University of Memphis School of Public Health, and is open to business and health care leaders, physicians and community residents.

MBGH is a coalition of the area’s largest employers – including FedEx, Smith & Nephew, Morgan Keegan & Co. and the city of Memphis – working to maximize the cost and quality of health care benefits while encouraging companies to take an active role in employee wellness and to consider creative benefit design and delivery models as a means of curtailing costs.

Visit www.mychoicehealth.com to register.

– Aisling Maki

WKNO Airs Preview of Holiday Auction

WKNO-TV Channel 10 will present a half-hour preview show Thursday, Nov. 3, at 7:30 p.m. The show will feature some of the items up for bid for the WKNO Holiday Auction.

The online-only auction at www.wkno.org will feature more than 150 items and will run Nov. 3 to Nov. 20. All proceeds will benefit the public broadcasting station.

The Thursday preview will be hosted by radio personality Tom Prestigiacomo and will feature items and services that include scuba lessons, spa and salon services, pet services, jewelry and more.

Bidders unable to bid online can get help from auction team members by phone at 452-3344.

– Andy Meek

Teacher Evaluation System Due For More Changes

With state officials due to release new teacher evaluation report cards for school systems across the state this month, Tennessee Education Commissioner Kevin Huffman announced Monday, Oct. 31, he will ask the state to again modify the system.

The system was modified in the past year to take into account higher standards for teachers.

Huffman will take the proposed changes to the Tennessee Board of Education Friday, Nov. 4. The changes would allow principals to conduct two of the required observations of a classroom teacher closer together and hold a single conference meeting with the teacher on what the principal saw during the observations.

“This adjustment made sense,” Huffman said. “And, if approved, our evaluation system will be stronger because of it.”

– Bill Dries

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