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VOL. 127 | NO. 244 | Friday, December 14, 2012

Daily Digest

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Delta Blues Winery Buys Lakeland Acreage

Delta Blues Winery LLC has paid $165,000 for 15 acres at 6495 Stewart Road in Lakeland to establish a winery at the location.

The limited liability company, whose registered agent is James N. Wilson of Memphis, filed a $1.5 million loan in conjunction with the purchase through Jerry M. Mitchie, also of Memphis.

The company bought the land, which is part of a 100-acre parcel, from Stanley E. Stevens Jr. and Dianne M. Day.

Wilson, Stevens, Day and Sheila Zaricor-Wilson of Delta Blues Winery spoke Nov. 19 before Lakeland’s Municipal Planning Commission about their plans for the winery.

The group, which is involved with the Crown Winery in Humboldt, Tenn., said it will build a facility on the grounds for tastings and events, according to a recent Commercial Appeal article.

The Delta Blues Winery would be the county’s second winery after the Old Millington Vineyard and Winery at 6748 Old Millington Road.

The 15-acre parcel sits on the west side of Stewart Road, south of its intersection with the Paul Barret Parkway. The entire 100-acre parcel has an appraised value of close to $1 million, according to the Shelby County Assessor of Property’s 2012 data.

Source: The Daily News Online & Chandler Reports

– Daily News staff

Downtown Candle Co. to Open on G.E. Patterson

Downtown Candle Co., a boutique candle concept by Eumora Reese, is slated to open its first brick-and-mortar location in February in the South Main Historic Arts District at 107 E. G.E. Patterson Ave.

The retailer will fill the 1,500-square-foot bay recently vacated by Delphinium Boutique in between Hoot + Louise and The Arcade Restaurant.

Downtown Candle Co.’s candles are made from pure soybeans and botanical oils and are packed in recycled boxes. Reese, a Downtown resident, has been crafting candles for seven years, but didn’t brand the business until this past January.

“I wanted to be Downtown in the South Main area with the foot traffic and the entertainment district,” Reese said.

Downtown Candle Co. has booths at several events throughout the year, including the Cooper-Young Festival, Germantown Festival and trade shows at Agricenter International and The Cannon Center for Performing Arts.

“We do a lot of those shows and the demand just really, really grew,” Reese said.

Reese said Downtown Candle Co. is hoping to open during South Main’s monthly Trolley Night in February.

– Sarah Baker

Real Estate Magazine Names Cates to Hall of Fame

Andy Cates, executive vice president with Colliers International Memphis, was recently honored as a part of the 2012 Midwest Real Estate News Magazine’s Hall of Fame, which honors the Midwest’s biggest names in commercial real estate.

Cates has completed more than 450 transactions involving more than 45 million square feet since joining Colliers in 1998. He serves on the Colliers International Industrial Advisory Board and the Logistics/Transportation Services Group Steering Committee.

Cates has been recognized at the state level by Business Tennessee Magazine, and is frequently named a top CoStar broker. In October, Cates was honored as one of the top 10 percent of Colliers brokerage professionals as part of the company’s Everest Club.

He was also named Broker of the Year for tenant representative industrial leasing at the Memphis Area Association of Realtors Commercial Council’s Pinnacle Awards in April, one of the many years he’s been honored by the trade organization.

– Sarah Baker

Martin Institute Names Baker New Executive Director

Jamie Feild Baker will become executive director of the Martin Institute for Teaching Excellence with the new year.

Baker, a national education consultant who has been working with the Martin Institute for about a year, was named to the post Wednesday, Dec. 12, by the institute’s board of trustees.

Clif Mims, the institute’s first executive director, will continue to work on some projects but will leave the position to continue his work at the University of Memphis where he is an assistant professor working in instructional design and technology.

The institute was started in 2010 on the campus of Presbyterian Day School with a gift from PDS trustee and former Saks Inc. CEO and board chairman Brad Martin.

Working with PDS and the University of Memphis, the institute’s goal is to advance professional development of teachers in public and private education in the region. The institute is also in the third year of a teacher residency program.

Baker is a native Memphian and St. Mary’s Episcopal School graduate who earned her degree in economics and finance from Georgetown University. She worked as an institutional salesman in the fixed income divisions of Morgan Keegan, National Bank of Commerce and Compass Bank of the South. She has also been a developer and business owner.

– Bill Dries

Bigfish Hosts Health Care Social Media Meet-Up

Memphis-based creative company Bigfish will host a free health care social media meet-up next week.

The event on Dec. 19 will be held starting at noon at the Bigfish office on the second floor of Minglewood Hall. The one-hour discussion will focus on audience building, segmentation and monetization specific to health care and nonprofit organizations, and it will include a light lunch.

John Avola, liaison of iMarketing social and mobile at ALSAC/St. Jude Children’s Research Hospital will serve as a guest speaker. Tim Nicholson, Bigfish president, and Addie McGowan, director of social media, will lead the discussion.

Bigfish creates brands, develops social media solutions and designs websites for membership organizations, foundations, small businesses and health care professionals.

The company’s social media portfolio includes Boys & Girls Club of Greater Memphis, Baptist Memorial Health Care Corp., McDonald Murrmann Women’s Clinic, Pediatrics East, The Next Thing You Do, Best Lawn and Marx-Bensdorf Realtors.

Visit www.gobigfishgo.com/hcsm to register for the event.

– Andy Meek

Jobless Aid Applications Drop to 343,000

The number of Americans seeking unemployment benefits fell sharply for a fourth straight week, a sign that the job market may be improving.

The Labor Department said Thursday that weekly applications for unemployment benefits fell 29,000 last week to a seasonally adjusted 343,000, the lowest in two months. It is the second-lowest total this year.

Applications are a proxy for layoffs, so the drop indicates that companies are cutting fewer jobs. But employers also need to step up hiring to rapidly push down the unemployment rate.

The drop suggests that companies aren’t laying off workers in advance of the “fiscal cliff,” the package of tax increases and spending cuts set to take effect early next year.

“Worries about the fiscal cliff are not translating into any significant weakening in the labor market yet,” said Jim O’Sullivan, an economist at High Frequency Economics. “Today’s reading suggests net improvement, although it is just one week.”

Applications spiked five weeks ago because of Superstorm Sandy. The storm’s impact has now faded. The four-week average, a less volatile measure, fell 27,000 to 381,500.

Before the storm, applications had fluctuated between 360,000 and 390,000 this year.

The storm had little effect on overall hiring in November. Employers added 146,000 jobs last month, the government said last week. That’s about the same as the average monthly gain of 150,000 in the past year.

The unemployment rate fell to 7.7 percent – a four-year low – from 7.9 percent in October. But the decline occurred mostly because more people without jobs gave up looking for work. The government counts people without jobs as unemployed only if they’re actively seeking one.

The total number of people receiving benefits rose to 5.6 million in the week that ended Nov. 24, the latest period for which data are available. That’s nearly 700,000 more than in the previous week. The figure isn’t seasonally adjusted, so it can be volatile from week to week.

– The Associated Press

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 5,073
MORTGAGES 0 0 6,709
FORECLOSURE NOTICES 0 0 1,556
BUILDING PERMITS 0 0 11,979
BANKRUPTCIES 0 0 5,300
BUSINESS LICENSES 0 0 2,061
UTILITY CONNECTIONS 0 0 7,058
MARRIAGE LICENSES 0 0 1,458

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