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VOL. 127 | NO. 3 | Thursday, January 5, 2012

Daily Digest

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$4.4M Renovation Permit Filed for Northside Manor

Alco Northside Partners LP, an affiliate of ALCO Management Inc./ALCO Properties Inc., has filed a $4.4 million building permit application for interior and exterior renovations at Northside Manor Apartments at 1514 Northside Drive in Frayser.

Northside Manor is a 155-unit, 111,000-square-foot Class D apartment complex built in 1974 in Frayser. It sits on 12.6 acres on the west side of Felts Station Road, south of the intersection of U.S. 51 and North Watkins Street.

The permit application lists GSB Contractors Inc. as the general contractor and MMN Architects as the architectural firm.

The Shelby County Assessor of Property, which uses the address 1541 Northside Drive for the complex, appraised it in 2011 at $1 million.

Northside Manor Apartments LP in November sold the complex to the city Health, Educational and Housing Facility Board, which issues tax-exempt revenue bonds for development of multifamily housing.

ALCO, which is headquartered on Union Avenue, has a regional office in Nashville. Its portfolio includes about 8,000 conventional and government-assisted apartments, according to the company’s website. It has holdings in Tennessee, Alabama, Arkansas, Kentucky, Mississippi, Missouri and the Carolinas.

Source: The Daily News Online & Chandler Reports

– Daily News staff

Kelsey Legislation Seeks to Reduce Infant Mortality

State Sen. Brian Kelsey, R-Germantown, has introduced legislation offering low-income mothers an incentive to seek prenatal care.

Kelsey’s bill establishes a pilot project to determine the effect on infant mortality of providing low-income mothers with $50 for each prenatal visit during pregnancy. The project would be administered by the Department of Health in the three ZIP codes in Shelby County with the highest rates of infant mortality.

TennCare already makes prenatal care available for free, but Kelsey’s bill seeks to encourage using that care in the ZIP codes where it’s needed most.

– Andy Meek

Council Delays Scrap Yard Vote

Plans for a 68-acre scrap and junk facility at Thomas Street and Royal Avenue in North Memphis took a step back this week at City Hall.

The Memphis City Council delayed setting a date to vote on the Worley Brothers facility.

The land, which is south of the Wolf River on the east side of Thomas, includes only one standing building. It is mostly vacant land that was once the site of much of the industrial infrastructure that defined the North Memphis economy for decades. It is the former site of the now-defunct Humko and E.H. Bruce plants.

The plans are opposed by the Uptown Neighborhood Association, and council member Lee Harris requested the delay to get answers to questions about the environmental impact.

The area includes several scrap-metal plants, and the same stretch of Thomas includes the old Lazarov Salvage Yard.

The council at its Tuesday, Jan. 3, meeting also voted down an attempt to reconsider its rejection in December of plans for the construction of a convenience store at Southern Avenue and Ellsworth Street. The corner now has a gas station that would have remained with the new store building. Residents of the area near the University of Memphis opposed the development.

– Bill Dries

Cannon Wright Blount Offers QuickBooks Classes

Cannon Wright Blount has announced the continuation of classes throughout 2012 to teach business professionals skills for using the popular accounting software QuickBooks.

The training courses will include getting started with QuickBooks, inventory, payroll, using sales tax, online banking, QuickBooks in the cloud, job costing and job profitability reporting, getting the most out of QuickBooks reports and using QuickBooks statement writer.

The two-hour classes, held on Wednesdays, cost $75 per attendee. Seating is limited.

– Taylor Shoptaw

Celebrity Waiters Night Benefits RMH Memphis

To raise awareness for the upcoming Rock 103 21st annual Radiothon to benefit Ronald McDonald House Charities of Memphis, Buffalo Wild Wings at 8385 U.S. 64 will host a Celebrity Waiters Night Thursday, Jan. 12, from 5 p.m. to 9 p.m.

Local celebrity servers will include rapper Lil’ P-Nut; News Channel 3’s Claudia Barr, Markova Reed and Austen Onek; Fox 13’s Tom Dees; Good Morning Memphis anchor Valerie Calhoun; ABC 24’s Cameron Harper; Action News 5’s Joe Birch; Mrs. Tennessee International 2011 Mary-Marsha Riley; and others.

The fundraiser, which will benefit Ronald McDonald House Charities of Memphis, will include food and drink specials and a wing-eating contest, and 100 percent of the celebrity waiters’ tips will go to RMH Memphis.

– Aisling Maki

Humane Soc. Receives Free Tree Removal

The Humane Society of Memphis & Shelby County was selected as the West Tennessee Urban Forestry Council’s 2011 “Day of Caring” recipient. Woodland Tree Service LLC and Urban Forestry completed a full tree removal for the organization.

For each of the past several years, WTUFC has chosen a local nonprofit organization for whom to provide a significant free tree service in its annual “Day of Caring.”

Local tree companies partner to donate crew members’ time, equipment and expertise.

Tennessee Urban Forestry Council is a nonprofit organization dedicated to promoting healthy and sustainable urban and community forests.

– Taylor Shoptaw

U.S. Auto Sales Up Sharply in 2011

Americans bought more vehicles last year, inspired by easier credit, an improved economy and the desire to replace aging vehicles that got them through the Great Recession.

Sales rose sharply for Detroit’s three carmakers and for Japan’s Nissan in 2011, aided by a surge in November and December.

Low interest rates, looser credit standards and pent-up demand are driving demand. The average age of a car on U.S. roads is the oldest ever, closing in on 11 years. Buyers also were drawn out by an array of high-quality small cars with nice, roomy interiors and more features than in the past.

Final sales tallies are expected to show U.S. auto sales rose to around 12.7 million in 2011. That’s a 10 percent jump from 2010 and 22 percent from 2009, when the U.S. auto industry and the financial system were in peril. Sales are almost certain to rise again in 2012.

– The Associated Press

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