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VOL. 127 | NO. 35 | Tuesday, February 21, 2012

Daily Digest

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Family Dollar Site Sells for $1.4M

FD2 Memphis 4 Guys LLC has bought Family Dollar Stores of Tennessee Inc. property at 180 E. E.H. Crump from H&H LLC for $1.4 million.

In conjunction with the purchase, FD2 filed a $972,000 trust deed through First Place Bank.

The property includes an 8,248-square-foot, Class B, single-occupancy retail building built in 2011. The Shelby County Assessor of Property’s 2011 appraisal is $50,900. The purchase also includes portions of two other lots.

FD2 Memphis 4 Guys has been leasing the property to Family Dollar Stores of Tennessee Inc. since September 2010, according to a document filed at the time of the sale.

Source: The Daily News Online & Chandler Reports

– Daily News staff

Pinnacle Load Factor Up, Passenger Count Drops

Pinnacle Airlines Corp. saw a 4.8 percent drop in passengers from January compared to January 2011.

But the Memphis-based regional air carrier saw its load factor increase by 2.3 percentage points in January from a year ago.

The 1.3 million passengers for January of this year represented a load factor of 67.1 percent.

A 14.2 percent drop in Pinnacle’s available seat miles, the seats available on all of its routes multiplied by the length of the routes, was greater than the 11.2 percent drop in Pinnacle’s revenue passenger miles, the seat miles for which there was someone paying and in a seat. That reflects an increased load factor.

– Bill Dries

Hivner Takes Admin Job in Chancery Clerk's Office

James Hivner, a member of the law firm Glankler Brown PLLC since 2001 and a certified public accountant, will become chief administrative officer of the Chancery Court Clerk’s office effective March 16.

Chancery Court Clerk and Master Donna L. Russell appointed Hivner to the position.

Hivner’s background includes work at the Waring Cox PLC law firm as well as time as an operations and cost accountant for the National Aeronautics and Space Administration.

Hivner’s practice at Glankler Brown has included business litigation, tax and estate matters, and business reorganizations.

– Bill Dries

Methodist Hospice Residence Receives LEED Certification

Methodist Hospice Residence, 6416 Quince Road, has been awarded Silver certification by the Leadership in Energy and Environmental Design (LEED) Green Building Rating System. LEED is the nationally accepted benchmark for the design, construction and operation of high-performance green buildings.

Built in a park-like setting, the residence is designed to care for terminally ill adult and child patients and their families. The $9 million, 30-bed facility, which opened in June, received an innovation credit for direct exterior access and providing places of respite.

It received an exemplary performance credit for construction by using 44.99 percent regionally extracted and manufactured materials. More than 93 percent of the total regularly occupied space has access to outdoor views, earning the facility an access to views credit.

And a construction waste management credit was achieved by diverting 77.58 percent of construction waste from ending up in a landfill.

The facility was designed by brg3s architects.

– Aisling Maki

Brewer, Lendermon Join Indie Memphis Board

Filmmaker Craig Brewer and Gary Lendermon, marketing and communications vice president for Duncan-Williams Inc., have joined the board of directors of Indie Memphis, the nonprofit group that runs the annual Indie Memphis Film Festival.

Brewer is the writer and director of “Hustle & Flow” and the recent remake of “Footloose.” Lendermon joined Duncan-Williams in 2005 to oversee the firm’s internal and external communications and marketing efforts.

The 15th annual Indie Memphis Film Festival is set for Nov. 1 to Nov. 4 at Playhouse on the Square, Circuit Playhouse, Studio on the Square and the Memphis Brooks Museum of Art.

– Andy Meek

Comfort Inn Downtown Wins Gold Hospitality Award

The Comfort Inn Downtown, 100 N. Main St., was recently announced as a recipient of a prestigious 2012 Gold Hospitality Award from world lodging leader Choice Hotels International Inc., franchisor of the Comfort brand.

Fifteen of 179 Choice Hotels properties within Tennessee were awarded the status. Overall, 131 hotels within the 1,413-strong Comfort brand received “Gold Award” status.

The hotel focused on guest satisfaction and dedication to providing superior service. Additional award criteria are evaluated by Choice Hotels through its official property ranking reports.

– Sarah Baker

U of M Nonprofit Assoc. Wins National Award

The Nonprofit Leaders Student Association at the University of Memphis has received the Program Excellence Award, sponsored by the Sprint Foundation, from the Nonprofit Leadership Alliance.

The Program Excellence Award is the Alliance’s most prestigious campus award, given to a program that exemplifies overall excellence in student recruitment, internship placement, marketing and certifications.

The U of M’s NLSA enrolls an average of 75 students annually. Last year 22 members earned the certified nonprofit professional designation and 24 students completed internships of 300 hours or more with nonprofit organizations.

– Taylor Shoptaw

Bill to Benefit Unemployed Military Spouses

Military spouses who leave their jobs because of the frequent moves required in the military would be eligible for unemployment benefits under proposed bill in Tennessee that has the support of the governor.

The bill sponsored by state Sen. Tim Barnes and state Rep. Joe Pitts of Clarksville passed the Senate late last week after Gov. Bill Haslam included $280,000 for the bill in his 2012-2013 fiscal year budget proposal. The House version has not yet been put to a vote.

With thousands of soldiers based at Fort Campbell, Ky., on the Tennessee line, the two Democratic lawmakers have spent months advocating for the bill and making visits to the installation to hear directly about the needs of military families.

Their efforts paid off when the Republican governor included the necessary funding that had previously been a sticking point.

Under current rules, if a person voluntarily leaves a job in Tennessee, they are not eligible for unemployment benefits. But Barnes said these spouses don’t have a choice if the military assigns a soldier to a new unit or location.

– The Associated Press

For Car Buyers, Harder to End Up With Lemons

Car shoppers today are less likely to end up with a lemon.

In the past five years, global competition has forced automakers to improve the quality and reliability of their vehicles – everything from inexpensive mini-cars to decked-out luxury SUVs.

The newfound emphasis on quality means fewer problems for owners. It also means more options for buyers, who can buy a car from Detroit or South Korea and know it will hold up like a vehicle from Japan.

In the 1990s, Honda and Toyota dominated in quality, especially in the key American market for small and midsize cars. Japan began building high-quality small cars and tapped into America’s growing appetite for fuel efficiency in the 1970s.

With their sterling reputation, they were able to charge more than Detroit automakers and cut Detroit’s U.S. market share from 78 percent in 1980 to just under 43 percent in 2009, according to Ward’s AutoInfoBank.

Cars from Detroit generally weren’t as trouble-free in the 1980s and ‘90s. Hyundai executives concede their quality used to be poor.

– The Associated Press

PROPERTY SALES 0 133 1,342
MORTGAGES 0 131 1,047