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VOL. 126 | NO. 198 | Tuesday, October 11, 2011

Daily Digest

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Rolling Meadows Lots Sell for $1.4 Million

Germantown-based Regency Homebuilders LLC has bought 49 lots in Rolling Meadows Planned Development phase two in Collierville from BancorpSouth Bank for $1.4 million. The purchase was financed with a $1 million loan through BancorpSouth Bank that matures in October 2013.

Rolling Meadows phase two is on the east side of Sycamore Road between East Shelby Drive to the north and East Holmes Road to the south. The development was approved for 58 lots on 29.5 acres, according to a plat filed with the Shelby County Register of Deeds in 2009. The 29.5 acres also includes 4.6 acres of open space.

Source: The Daily News Online & Chandler Reports

– Kate Simone

County Schools Alumni Inducted in Hall of Fame

Rickey Jeans, Shelby County Mayor Mark Luttrell and Dr. Jonathan Whetstine will be inducted into the Shelby County Schools Alumni Hall of Fame by the Shelby County Schools Education Foundation at the “Evening of Excellence” dinner Tuesday, Oct. 11, at the Holiday Inn University of Memphis, 3700 Central Ave.

A reception will be held at 5:45 p.m. followed by dinner at 6:30 and a program at 7. The program will include special guest recognition, awards, keynote speakers David Pickler and John Aitken, and the Hall of Fame induction.

Entertainment will be provided by Shelby County Schools students.

– Taylor Shoptaw

MAAR: Home Sales Increase 1.8 Pct.

Memphis-area home sales for September rose 1.8 percent from the same month a year ago, with 1,083 total sales recorded in the Memphis Area Association of Realtors MAARdata property records database, which includes records of all property transactions in Shelby, Fayette and Tipton counties.

Total sales fell 17.5 percent from August, when there were 1,313 sales.

Average sales price year over year was down 4.4 percent and year to date was down 1.6 percent at $126,350.

YTD total sales declined 11.7 percent. Inventory was down 1.5 percent, with 8,242 units listed for sale. YTD sales volume dropped 13.4 percent to $1.23 billion.

– Sarah Baker

StiQRd Offers Discounts with Metal Museum

A Memphis tech startup is partnering with the Metal Museum to help customers get discounts the more they visit.

Every time a patron visits the museum, they can record it using an iPhone app for stiQRd, the product of a local startup of the same name that uses QR codes to replace paper-based loyalty cards. On their third visit to the museum, patrons will get a 10 percent discount in the museum’s store.

The museum, at 374 Metal Museum Drive, is open Tuesday through Sunday. Its website is www.metalmuseum.org.

stiQRd is currently available for the iPhone. An Android app will be released later this year.

– Andy Meek

Saint Francis Network Continues to Grow

Saint Francis Medical Partners has added six physicians to its primary care network. The addition of Dr. Karima Causey, Dr. Jerry Floyd, Dr. Joseph C. Garbarini, Dr. Jeffrey Hoover, Dr. Robert Kulinski and Dr. Monica Warhaftig brings the total employed and affiliated physicians in the Saint Francis Medical Partners Network to about 30.

Causey joins Saint Francis Medical Partners at 1144 N. Houston Levee Road and Floyd joins Saint Francis Medical Partners at 7662 U.S. 51 in Millington. Both will be supported by the resources of Saint Francis Hospital-Bartlett.

Kulinski, Garbarini and Hoover will continue seeing adult patients at Kulinski and Associates, 3787 Summer Ave. Warhaftig is based at the Perkins Extended Saint Francis Medical Partners-East office.

– Aisling Maki

Agricenter Solar Array Still Tentative

Plans for a solar array at Agricenter International are still tentative and awaiting approval by the Agricenter board and the Agricenter Commission.

Agricenter officials last week filed a $3.5 million building permit application for a 1- megawatt solar array.

As reported in Friday’s edition of The Daily News, the structure would be one of the largest in the state, as well as the Tennessee Valley Authority region.

No location on the Agricenter property for the array, which would generate enough power for 200 homes, has been decided either.

– Bill Dries

University of Memphis Hosts Explore Internships

As part of Internship Week and in partnership with Lipscomb & Pitts Breakfast Club, The University of Memphis will host Explore Internships, an information session regarding academic internships, Thursday, Oct. 13, from 3 p.m. to 4:30 p.m.

LPBC is a team of partner businesses working together to enrich business leaders and impact the community.

The event helps companies look into and set up internships as well as connect with top students at the university.

“From small to mid-size to large businesses, internships are very beneficial,” said Jeremy Park, LPBC director. “Most of your larger businesses have internship programs in place. As for small and mid-size companies, many of them need interns but feel it’s more than they can do. We are just trying to help companies see the tremendous value of internship programs and help them move forward.”

Kathy Tuberville, coordinator of academic internships at the U of M, will provide an outline on how to set up internship programs, and discuss how they are beneficial to companies of all sizes.

Students with majors of interest will be invited to meet potential internship-sponsor companies, and the last half hour will offer an opportunity to interact.

The event is free. To attend, RSVP with k.tuberville@memphis.edu.

– John Lintner

Leadership Academy Announces Graduates

The Leadership Academy has announced its September 2011 Fellows Program graduates.

They are Mary Elizabeth Anthony of Smith & Nephew; Gene Baker of Smith & Nephew; TaKeisha Butler of Smith & Nephew; Brenda Caldwell of Dr. B Empowerment Services; Donnell Cobbins Jr. of Universal Commercial Real Estate LLC; Jonathan Cross II of Jonathan Cross Venture & Holdings Corp.; Reggie F. Davis of Street Ministries; Shenenka Davis of Baptist Memorial Hospital-Memphis; Jeb Fields of Commercial Advisors; Jonathan Flynt of Bryce Corp.; Lori Guy of First Horizon National Corp.; Channa Halmon of Le Bonheur Center for Children and Parents; Ursala Holmes of Baker, Donelson, Bearman, Caldwell & Berkowitz PC; Shannon Izquierdo of FedEx Corp.; Jared Johnson of Pier 1 Imports; Ken Kimble III of Boy Scouts of America – Chickasaw Council; Joy Lockridge of Spherion Staffing Services; Nathan Martin of the University of Memphis; Shawn McCutcheon of Regions Bank; Katie Midgley of the Urban Child Institute; Tanner Mueller of First Tennessee Bank; Bettina Kurtz Pearson of First Tennessee Bank; Robin Poston of the University of Memphis; Kerra Saine of First Tennessee Bank; Joy Stephens of Joy Factor Consulting; Colby Stough of Youth Villages; Carrie Strehlau of St. Jude Children’s Research Hospital; Marvin Todd of FedEx Corp.; Brittney Rogers of Duncan-Williams Inc.; Lindsey Waugh of Medtronic Inc.; Carsett Webber of Wright Medical Technology; Josh White of MAA (formerly Mid-America Apartment Communities); and McLean Wilson of Kemmons Wilson Cos.

– Taylor Shoptaw

Financial Analyst Earns Industry Designation

Eden Stanton, a senior financial analyst at Mercer Capital, has earned the right to use the Chartered Financial Analyst designation from the CFA Institute.

This designation is internationally regarded as the premier designation in the finance profession. Earning it requires four years of qualifying work experience and the successful completion of three, six-hour exams.

Mercer Capital is one of the leading business valuation and financial advisory firms in the nation.

– Andy Meek

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 52 374 8,123
MORTGAGES 52 433 9,632
FORECLOSURE NOTICES 0 81 1,439
BUILDING PERMITS 218 906 17,513
BANKRUPTCIES 45 252 5,658
BUSINESS LICENSES 0 143 3,091
UTILITY CONNECTIONS 0 128 3,378
MARRIAGE LICENSES 38 158 1,846

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