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VOL. 127 | NO. 52 | Thursday, March 15, 2012

Daily Digest

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Berclair Downtown Animal Hospital Sells

Berclair Downtown Animal Hospital LLC has paid $940,367 for the Downtown clinic of the same name, 668-674 S. Main St.

The sellers were Steve M. Snow, L.M. Snow and J.D. Williams. A $1.5 million trust deed was filed in conjunction with the transaction. Berclair Downtown Animal Hospital LLC doing business as Grace Animal Hospital financed the purchase through SunTrust Bank.

The property includes a 10,549-square-foot veterinary clinic built in 1940 and formerly used as a warehouse. It sits on about 0.5 acres at the southeast corner of Georgia Avenue and South Main. It includes a 3,000-square-foot play area, fenced backyard and boarding area.

The assessor’s 2011 appraisal is $868,300.

Berclair Animal Hospital opened at 4670 Summer Ave. in the early 1950s. Veterinarian L.M. Snow bought into the clinic in 1964. Snow’s son, Steven, joined in 1995, and Williams came on board in 2004. All three are still vets – and they all split their time between the Summer and Downtown locations.

The three bought the Downtown site in 2006 for $505,000.

Source: The Daily News Online & Chandler Reports

– Daily News staff

Planned Riverfront Grille Would Open in July

The Riverfront Development Corp. is in the final stages of negotiations with Beale and Second Inc. to operate the restaurant at the Beale Street Landing project.

The boat landing, dock and park at the foot of Beale Street would open in April with the Riverfront Grille & Dockside Bar to open in July.

Beale and Second Inc. was the only company to respond to the city’s request for proposals to run the restaurant.

– Bill Dries

Doug Carpenter & Associates Hires Art Director, Intern

John David Dowdle has joined the advertising firm doug carpenter & associates as art director.

Dowdle is responsible for conceptualizing, developing and executing the design and branding efforts for the firm’s clients, whose roster includes recent additions Dunavant Logistics, Keep Tennessee Beautiful, Peer Power, Ruch Clinic and Fisher & Phillips.

Dowdle has earned multiple ADDY and industry awards and is widely regarded for his branding capabilities and experience in the hospitality industry.

Also, University of Memphis journalism student Walter Smith is on board as the firm’s spring intern.

– Sarah Baker

St. Jude Researchers Aid in Gene Discovery

St. Jude Children’s Research Hospital, Washington University Pediatric Cancer Genome Project and Memorial Sloan-Kettering Cancer Center say they’ve discovered the first gene alteration associated with patient age and neuroblastoma outcome.

Researchers identified the first gene mutation associated with a chronic and often fatal form of neuroblastoma that typically strikes adolescents and young adults. The findings provide the first clue about the genetic basis of the long-recognized but poorly understood link between treatment outcome and age at diagnosis.

The study appears in the March 14 edition of the Journal of the American Medical Association.

– Aisling Maki

Theatre Memphis Announces 2012-2013 Season

Theatre Memphis has announced its 2012-2013 season, which will include musicals, comedy, drama, classics and new work.

The 411-seat Lohrey Stage will begin the season Aug. 24 with “Fiddler on the Roof.” The Lohrey Stage season will continue with “Dangerous Liaisons,” “Six Degrees of Separation,” “A Chorus Line,” “Brighton Beach Memoirs” and “Singin’ in the Rain.”

“A Christmas Carol” will be performed as a special holiday offering in December for the 35th consecutive year.

The Next Stage season will begin Sept. 21 with “Talley’s Folly,” followed by “Altar Boyz,” “A Steady Rain” and “Sylvia.”

– Taylor Shoptaw

US Trade Deficit Rises to $124.1B

A slight drop in exports and a rise in imports widened the broadest measure of the U.S. trade deficit at the end of last year. The increase pushed the gap to its widest point in three years.

The Commerce Department said Wednesday, March 14, that the current account trade deficit increased 15.3 percent in the October-December quarter, to $124.1 billion.

A higher trade deficit acts as a drag on growth. It means more goods and services are being purchased from overseas, while U.S. companies are making fewer sales overseas.

Exports decreased slightly to $380.4 billion, in part because of a drop in overseas demand for U.S. airline tickets. Imports ticked up to $566.7 billion. The increase was partly driven by increased purchases of imported airplanes.

For the year, the current account deficit rose 0.6 percent to $473.4 billion, the largest imbalance since 2008.

Economists think the deficit will keep rising in 2012. Europe’s debt crisis is likely to drag on U.S. exports, as is slower growth in Asia. And stronger growth in the United States should boosts imports.

The January deficit for U.S. trade in goods and services increased to $52.6 billion, the largest monthly imbalance in more than three years.

– The Associated Press

Alexander, Corker Question IRS Over Tea Party

U.S. Sens. Lamar Alexander and Bob Corker of Tennessee are among 12 Republican senators questioning whether the Obama administration is using the Internal Revenue Service to target tea party-related nonprofit organizations.

The 12 senators sent a letter Wednesday, March 14, to IRS commissioner Douglas Schulman seeking assurances that the agency’s recent string of inquiries into some tea party-affiliated nonprofits is not based on politics.

The letter says the senators have received complaints of excessive IRS inquiries from tea party organizations in Tennessee, Kentucky, Ohio and Texas.

A spokesman for the IRS did not immediately return a phone call.

– The Associated Press

Tenn. House Sponsor Likes Proposed Scholarship Cuts

The House sponsor of a proposal that seeks to cut some students’ lottery scholarships in half said he supports an amendment that would make such a move contingent on lottery revenues.

The original bill was scheduled to be heard in the House Education Subcommittee. Republican Rep. Harry Brooks of Knoxville delayed the measure from last week to give lawmakers a chance to review the amendment that has been approved in the Senate.

The original legislation sought to reduce by 50 percent the award for students who do not meet both standardized testing and high school grade requirements. A special panel of lawmakers recommended the proposal in November.

Under the legislation, the requirements won’t change if proceeds of at least $10 million are sustained through 2015.

– The Associated Press

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 22 77 1,556
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

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