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VOL. 126 | NO. 190 | Thursday, September 29, 2011

Daily Digest

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Distriplex Farms Warehouse Sells For $3 Million

JSR Properties has bought two properties in Holmes/Mineral Wells Planned Development from Illinois-based DFS Services LLC for $3 million. One parcel contains a warehouse at 5305 Distriplex Farms Drive; the second is adjacent vacant land.

The purchase was financed with a $3.3 million loan through Financial Federal Savings Bank that matures March 1, 2017.

The first parcel is a 92,390-square-foot, Class A warehouse built in 2000. It sits on 8.6 acres at the northwest corner of Distriplex Farms Drive and Discover Drive. The Shelby County Assessor of Property’s 2011 appraisal is $4.4 million.

The second parcel is 7.1 acres of vacant land adjacent to the west of the warehouse property. The assessor’s 2011 appraisal is $803,500.

Source: The Daily News Online & Chandler Reports

– Kate Simone

Ford Waives Arraignment on Theft Charge

Former interim Shelby County Mayor Joe Ford waived arraignment Wednesday, Sept. 28, on theft charges in General Sessions Criminal Court.

Ford turned himself in on the theft warrant Tuesday, Sept. 28, afternoon and was released on his own recognizance after being booked in the Shelby County jail.

The theft charge involves a bounced check for a pair of Rolex watches Ford bought in December from Las Savell Jewelers. The specific charge is theft under $10,000.

– Bill Dries

First Tenn. Bank Enables iPhone Check Deposits

Just in time for the debut of the new iPhone in matter of days: First Tennessee Bank is the first Tennessee-based bank and among the first in the country to allow customers to deposit checks by snapping iPhone photos of them.

Using the iPhone to photograph a check sends an electronic image to First Tennessee for deposit. Mobile deposit is now available for eligible iPhone users currently enrolled in mobile banking, and First Tennessee is developing mobile deposit for other smartphones.

More information is available at www.ftb.com/mobiledeposit.

At a presentation in New York City earlier this month at the Barclays Capital 2011 Global Financial Services Conference, Bryan Jordan – president and CEO of First Tennessee parent company First Horizon National Corp. – said the company is spending big on tech upgrades and revamps.

– Andy Meek

Memphis Means Music Month Begins Friday

Memphis Means Music Month begins Friday, Sept. 30, with the South Main Art Trolley Tour, and organizers are planning a variety of activities from 6 p.m. to 9 p.m.

Memphis Music Foundation has teamed with many artists, businesses and restaurants to celebrate Memphis music

Amy LaVere and John Paul Keith and the 145’s will play at Earnestine and Hazel’s in a fundraiser for Memphis Mayor A C Wharton Jr.

Keith Sykes’ CD release party will be at The Warehouse, and Kyle Garriga will play on the deck of Max’s Sports Bar.

Memphis Music Foundation President Dean Deyo said Memphis Means Music Week will be extended to the month of October following successful weeklong celebrations in 2009 and 2010.

The Memphis Music Foundation also will hold an open house from 5 p.m. to 7 p.m. during the trolley tour.

– John Lintner

Morris Auction Group to Auction Seized Property

Morris Auction Group is holding a public auction Saturday, Oct. 1, of vehicles seized by several government agencies.

On hand will be a variety of vehicles from the West Tennessee Drug Task Force, Shelby County Sheriff’s Narcotics Division, Shelby County government and the city of Millington. Pre-auction inspections will be Friday, Sept. 30, from 10 a.m. to 4 p.m. at 6306 Haley Road.

Registration for the auction begins at 8 a.m. Oct. 1, and the auction is at 10 a.m.

The public auction will include more than 70 vehicles, plus jewelry, coins, watches, commercial food-service items and more. More information can be found at the Morris Auction Group website, www.morrisauctiongroup.com.

– Andy Meek

Agape Receives $250K DOJ Grant

The Department of Justice’s Office on Violence Against Women has announced the approval of Agape’s collaborative proposal for a three-year, $250,000 grant to expand Agape’s Families in Transition Program with five additional FIT units at the Bent Tree apartment community.

This funding will serve women and their children victimized by domestic violence.

Agape’s FIT Program serves homeless, pregnant women and their children by providing housing and job skills training while reconnecting them with their family and other important relationships.

Agape will provide housing and supportive services through the Powerlines Community Network, a place-based collaboration serving primarily in apartment communities with high densities of poverty and other risk factors for youth, families and their community.

Agape will work in tandem with other agencies, including the Shelby County Office of Early Childhood and Youth, Family Safety Center, The Exchange Club Family Center, the Memphis Shelby Crime Commission, Memphis Area Women’s Council and the Memphis Police Department.

– Taylor Shoptaw

Cookie Carnival Fundraiser to Benefit FedExFamilyHouse

The Cookie Carnival, a fundraiser for FedExFamilyHouse, will take place Sunday, Oct. 2, from 2 p.m. to 5 p.m. at the Memphis Botanic Garden’s Hardin Hall.

The event will feature cookie-decorating contests with local celebrity judges, a cookie walk, cookie stacking, free samples from local bakeries, face-painting, admission to Memphis Botanic Garden’s My Big Backyard exhibit and more. Admission is $5 per person and includes five event vouchers that can be used for activities, contests or the purchase of milk and cookies.

Proceeds from the event benefit FedExFamilyHouse, a home-away-from-home for out-of-town families with children receiving treatment at Le Bonheur Children’s Hospital. Consisting of 24 suites and a multiple common areas, the facility is provided at no cost to families.

Advance tickets to the Cookie Carnival may be purchased at Gwatney Mazda of Germantown, Shoemaker Financial in Germantown or at the door.

Visit www.lebonheur.org for more information.

– Aisling Maki

Wells Fargo Donates $8K to Memphis Groups

Wells Fargo has chosen eight local nonprofits for $1,000 donations, which the bank presented Wednesday, Sept. 28.

In the Memphis area, the groups are the Boys & Girls Clubs of Greater Memphis; DeSoto County School District, Friends for Life; Latino Memphis Inc.; Living Legacy Inc.; Memphis Child Advocacy Center; Metamorphosis Inc.; and Old West Special Trails.

– Andy Meek

PixelOptics Unveils Eyewear Tech To Optometrists

PixelOptics Inc., will be at Hilton Memphis Thursday, Sept. 29, presenting the world’s first and only electronically focusing prescription eyewear.

As developer of the world’s first electronic-focusing eyewear, PixelOptics established itself as the leader in eyewear technology.

Its glasses combine sophisticated optical design technology with the latest in innovations.

The glasses, dubbed emPower, received national attention from MSNBC and The New York Times since winning top honors at the Consumer Electronics Show in January.

EmPower glasses create a near-focus zone by activating a layer of liquid crystals in each lens that responds to movement with a tilt of the head. The reading portion of the glasses can be electronically turned on and off at will.

In manual mode, meant to enhance up-close vision when reading, the glasses adjust focus when the wearer swipes their finger across a motion detector on the frame.

They retail for about $1,200 and will be available in Memphis by mid-fall.

– John Lintner

PROPERTY SALES 0 226 2,557
MORTGAGES 0 145 1,731