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VOL. 128 | NO. 34 | Tuesday, February 19, 2013

Daily Digest

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Funeral Home Files Loan on Property

The owner of the Munford Funeral Home: Millington Chapel at 7450 Raleigh Millington Road in Millington has filed a $3.5 million loan on the property.

Hernando, Miss.-based Brentwood Funeral Services LLC filed the Tennessee deed of trust, assignment of rents and leases and fixture filing Jan. 30 through Triumph Bank.

Brent Taylor signed the trust deed as manager of Brentwood Funeral Services, which had acquired the property for $1.2 million in 2006 from RMR Investment Co. LLC.

Built in 1986, the 10,552-square-foot funeral home sits on 11.6 acres on the southeast corner of the intersection of Raleigh Millington Road and Paul W. Barret Parkway.

The Shelby County Assessor of Property’s 2012 appraisal was $843,700.

Brentwood Funeral Services owns and operates six funeral homes in Mississippi and Tennessee.

Source: The Daily News Online & Chandler Reports

– Daily News staff

Imagine Vegan Café Landlord Ends Lease

Imagine Vegan Café in Cooper-Young said the restaurant is moving and is soliciting ideas for vacant buildings.

“Our landlord decided to not renew our lease so we are now intensely looking for a new spot,” read a Friday, Feb. 15, Facebook post. “We ask that everyone please bear with us as things might be a little scattered over the next month or so. Our last day here in this spot is March 31st. We would like to stay in the Midtown area or maybe move over to Crosstown. Overton Square and out East are just out of our budget. If you have any specific ideas as to vacant buildings, please let us know.”

Chef Kristie Jeffrey and her husband, Adam, opened the family-friendly, 100-percent vegan cafe in April 2011 in the old Casablanca space in Cooper-Young at 2156 Young Ave. Imagine was one of the four restaurant pit stops at the recent launch for Dishcrawl Memphis along with Alchemy, Tsunami and Cortona, which is now under new management.

Several Facebook users suggested Imagine look at the old Wizard’s headshop on Madison Avenue to the west of Kwik Check; the old Fork it Over catering space at Bruce and Young; and Crosstown.

Imagine also commented in a response to a customer, “It’s all about money. Unfortunately, money ‘rules’ the world. He said something about somebody from The Peabody wanting to do something with the space.”

– Sarah Baker

Magna Bank Announces Four Employee Promotions

Magna Bank has promoted four employees.

Chief lending officer Ted Simpson has been promoted from executive vice president to senior executive vice president. As senior executive vice president and chief lending officer, Simpson oversees retail banking, private banking, commercial lending, SBA lending, commercial real estate and construction lending.

In addition to Simpson’s promotion, Magna also extended promotions in private banking, human resources and retail banking.

First vice president Rebecca Floyd has been promoted to department manager for the private banking group. She has worked in banking for more than 12 years and has spent more than half of that time at Magna Bank helping build the private banking group.

Tiffany Riggins has been promoted to vice president of human resources after working at Magna Bank for six years. She served most recently as human resources manager and has 18 years of human resources experience.

Victoria Barnes has been promoted to assistant vice president and branch manager of Magna Bank’s Cordova branch. She became assistant branch manager at Magna’s Oak Court location in 2008 and has worked in banking for 13 years.

– Andy Meek

School Closing Impact Hearing Held at White’s Chapel

Memphis City Schools officials hold the latest public hearing on school closures Thursday, Feb. 21, at White’s Chapel Elementary School. The hearing is from 5:30 p.m. to 7 p.m.

The school, at 3966 Sewanee Road, is one of four proposed for closing by MCS administrators.

If the countywide school board approves the closures in March, students from White’s Chapel would attend Westwood Elementary School in the 2013-2014 school year, which begins Aug. 5.

The hearings move to Double Tree Elementary School Monday, Feb. 25, starting at 5:30 p.m.

Double Tree is not among the schools proposed for closing. It would receive students from Coro Lake Elementary School if Coro Lake is closed.

– Bill Dries

Ramsey Against NRA-Backed Sealing of Carry Permits

A National Rifle Association-backed effort to block public access to handgun carry permits goes too far for Republican Senate Speaker Ron Ramsey, one of the top gun rights advocates in the Tennessee General Assembly.

Ramsey told The Associated Press that the ability to scrutinize the identities of people with handgun carry permits strengthens arguments that gun enthusiasts are worthy of carrying loaded firearms in public.

“Having the handgun carry records open actually helps the cause of the Second Amendment,” he said. “Because people can go look at those and realize that they truly are law-abiding citizens.”

Ramsey added, “I encourage people like the press to look through these to figure out whether there’s something we’re missing. When you don’t shine light on something, that’s when problems are caused.”

Ramsey’s position conflicts with NRA, which has long called for sealing the records so the public and news media cannot see who has the state-issued permits.

“Members of the media have no business possessing personal information of Tennesseans with handgun carry permits,” NRA spokeswoman Stephanie Samford said in an email.

More than 390,000 people have obtained handgun carry permits in Tennessee, or about 8 percent of the eligible population. Ramsey is a chief sponsor this year of a bill to allow permit holders to store their firearms in the vehicles no matter where they are parked.

– The Associated Press

Patent Law Seminar to be Held at Rhodes

Bill Parks, an attorney with Wyatt, Tarrant & Combs LLP and the founder and chairman of the Memphis Bar Association’s intellectual property and entertainment law section, will present a seminar to the Memphis business community Feb. 19 explaining the nation’s new patent law requirements that go into effect on March 16.

The seminar will be held from 8:30 a.m. to 10:30 a.m. in the McCallum Ballroom in the Bryan Life Center at Rhodes College, 2000 North Parkway. The seminar is free and open to the public.

Parks will address changes related to the America Invents Act, which Congress passed more than a year ago. It will create a new first-to-file standard for patent protection, which changes the current and historical first-to-invent standard that grants the patent right to the first person to conceive of an invention.

Under the new law, a patent will belong to the first person to file a patent application for a valid invention.

– Andy Meek

Central Defense Security Hosting Job Fair

Central Defense Security, a leading provider of business, retail and warehouse security, will recruit new employees during a job fair this week.

The event, scheduled for Feb. 20 from 10 a.m. to 6 p.m., will be hosted at 6084 Apple Tree Drive, Suite 10 in Memphis. The event comes after the firm hosted several successful recruitment events late last year at community centers around Memphis, and CDS was able to place nearly 60 percent of all applicants into positions for clients in and around Memphis.

CDS is looking for candidates to fulfill onsite security positions responsible for protecting client assets, employees, customers and visitors at assigned locations. The firm will also be accepting applications to fulfill temporary staffing openings through its new division, Central Defense Staffing.

Applicants should be at least 18 years old and come prepared to complete an employment application and participate in an interview with a CDS representative.

– Andy Meek

PROPERTY SALES 124 481 17,865
MORTGAGES 127 530 20,565
BUILDING PERMITS 195 891 36,836
BANKRUPTCIES 52 262 11,426