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VOL. 128 | NO. 236 | Wednesday, December 4, 2013

Daily Digest

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Lamar Avenue Property Owner Files Loan

The owner of the property at 3520 Lamar Ave. in Oakhaven has filed a $1.2 million loan on the property.

Fleet Equipment LLC of Memphis filed the deed of trust Nov. 13 through The Metropolitan Bank for three parcels – 3520-3543 Lamar Ave., 3543 Fuller Road and 0 Pearson Road. William Mark Welch signed the deed as member of Fleet Equipment.

The properties’ main parcel is listed by the Shelby County Assessor of Property as 3543 Lamar Ave. The 11.7-acre parcel sits at the southeast corner of Lamar and Fuller and includes multiple buildings. The assessor’s 2013 appraisal is $752,700.

Source: The Daily News Online & Chandler Reports
– Daily News staff

Haynes Promoted to ServiceMaster CIO

Tim Haynes has been promoted to vice president and chief information officer of The ServiceMaster Co. effective immediately.

Robert Gillette, CEO of the Memphis-based provider of residential and commercial services, appointed Haynes to replace Linda Goodspeed, who is leaving the position at the end of December after becoming CIO in 2011.

Haynes had been serving as vice president and information technology business partner for the American Home Shield, ServiceMaster Clean and Merry Maids divisions of ServiceMaster.

– Bill Dries

Shelby County Prosecutors Take Madison Sheriff Case

When Madison County Sheriff David Woolfork was indicted on sexual assault and domestic violence assault Monday, Dec. 2, by a grand jury in Jackson, Tenn., it was the formal start of a criminal case that will be prosecuted by the Shelby County District Attorney General’s office.

Shelby County District Attorney General Amy Weirich signed the indictments following the recusal of Madison County District Attorney General Jerry Woodall. Woolfork’s office works with Woodall’s office in prosecuting Madison County cases.

Prosecutors from Shelby County will handle the case against Woolfork in Madison County Circuit Court. Woolfork is accused of sexually assaulting a civilian employee of his department at her home in October.

Woolfork turned himself in at the Chester County Jail Monday, was booked and then released on a $20,000 bond.

Madison County Commissioners passed a resolution in November urging Woolfork to resign after the group commissioned an independent investigation of two allegations of sexual harrassment by Woolfork.

– Bill Dries

Fogelman Partnership Acquires Kansas Apartments

A joint venture comprised of Memphis-based Fogelman Venture Partners and New

York-based DRA Advisors LLC has acquired The Savoy, a 252-unit apartment community in the Kansas City, Kan., suburb Overland Park.

The Class A apartment community was developed in 2002 and offers one-, two- and three-bedroom floor plans. Rental rates range from $899 to $1,635 per month.

Overland Park is the second-largest city in Kansas, and is home to the Sprint world headquarters and Black & Veech.

Memphis-based Fogelman Management Group, which manages 64 apartment communities across the Southeast, Southwest and Midwest, will manage the newly acquired property.

– Amos Maki

Red Cross Seeking Holiday Blood Donations

The holiday season has arrived, and friends and family will soon begin exchanging presents. But for many hospital patients, one gift on their wish list can’t be found at stores: a blood donation.

The American Red Cross is asking people to donate blood for the holidays. Those in the Memphis area can participate in the Red Cross holiday blood drive on Monday, Dec. 23, from 1 p.m. to 5 p.m. at the Ed Rice Community Center, 2907 N. Watkins St.

The Red Cross said that all blood types are needed to ensure a reliable supply for patients.

To donate, a blood donor card or driver’s license, or two other forms of identification, are required at check-in. People who are 17 years old, weigh at least 110 pounds and are in generally good health may be eligible to donate blood.

For more information, visit redcrossblood.org.

– Amos Maki

Arkansas Revenue Below Forecast in November

Arkansas' revenue in November fell below last year's figures and predictions for this year, financial officials said Tuesday.

The state Department of Finance and Administration reported that Arkansas' net available revenue for last month totaled $349.7 million, which was $800,000 less than November 2012 and $8.4 million below forecast.

The department said the November numbers were affected by swings in corporate income taxes.

Gross collections in corporate tax income were $4.2 million below forecast and 41.6 percent below last year's levels. Corporate refunds, meanwhile, were $2.6 million above expectations and 36.6 percent above last year's levels.

Arkansas' net available revenue so far for the fiscal year that began July 1 totaled more than $2 billion, which is $29.4 million ahead of forecast.

– The Associated Press

Whole Foods Delays Germantown Store Request

The development team behind a proposed Whole Foods store in Germantown has withdrawn its application from the Germantown Planning Commission’s Tuesday, Dec. 3, agenda and will return next month.

“There are a few engineering issues, primarily traffic, that city staff needs to address,” said Germantown City Administrator Patrick Lawton.

Whole Foods Market and local development firm Cypress Realty Holdings Co., in conjunction with Ford Jarratt Realty & Development Co., in October submitted plans to the city of Germantown to develop a 41,000-square-foot, freestanding Whole Foods store.

The proposed store would be on the southeast corner of the intersection of Poplar Avenue and Pete Mitchell Road, on the eastern edge of Germantown’s Central Business District and across Poplar from the Germantown Collection shopping center.

The site plan for the new Whole Foods, developed under Germantown’s smart growth plan, shows the store being built close to Poplar with landscaped parking areas at the intersection of Poplar and Pete Mitchell and behind the store along Pete Mitchell.

Whole Foods, founded in 1980 in Austin, Texas, has been active in the Memphis area lately. In addition to the planned Germantown store, the specialty grocer is in the midst of a $3.1 million expansion of its East Memphis location. Whole Foods is relocating its current 25,000-square-foot store at 5022 Poplar into the space next door formerly occupied by Office Depot.

– Amos Maki

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MORTGAGES 119 497 11,811
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700

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