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VOL. 128 | NO. 143 | Wednesday, July 24, 2013

Daily Digest

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Collierville Retail Center Owner Files $1.5 Million Loan

The owner of the 43,585-square-foot retail center at 783 W. Poplar Ave. in Collierville has filed a $1.5 million loan on the property.

American Properties Co. GP filed the leasehold deed of trust, security agreement, assignment of rents and fixture filing statement July 17 through The Union Central Life Insurance Co.

The trust deed lists the property as 777-797 W. Poplar Ave., while the Shelby County Assessor of Property lists it as 783 W. Poplar Ave.

Built in 1990, the Class C retail center is on 3.2 acres at the southeast corner of Poplar and New Byhalia Road and includes two buildings, one of which houses a Memphis Pizza Cafe.

The assessor’s website shows the property’s owner as Joe H. Looney in care of American Properties. Ronald P. Underberg signed the deed as chief manager of Underberg Property Management LLC, the managing partner of the borrowing entity.

Source: The Daily News Online & Chandler Reports

– Daily News staff

School Board Vacancy to Be Filled in August

Shelby County Commissioners plan to fill the vacancy on the countywide school board from the resignation of Reginald Porter at the Aug. 19 meeting.

Porter has resigned from the school board effective immediately to become chief of staff for the consolidated school system starting in August.

The commission Monday, July 22, approved a timetable that calls for interviewing applicants for the vacancy during Aug. 14 committee sessions.

Commissioner Henri Brooks is seeking a legal opinion on whether a county elected official can continue to hold their current office and fill the appointment on the school board.

Porter was elected to a four-year term in 2012 that ends in August 2015.

In other action, the commission approved two contracts totaling $3.1 million for gasoline and diesel fuel for county vehicles from Petroleum Traders Corp.

The body also approved a $2.2 million contract with Global TelLink for an inmate management system at the county jail as well as the county corrections center. The contract was one of four approved for such services across the local criminal justice system totaling $7.9 million.

Another $4 million contract was approved with Tyler Technologies for a case management system for the criminal court clerk and general sessions court clerk offices.

A $728,522 contract with New Dawn Technologies is for a case management system for the Shelby County Public Defender’s Office. A three-year $963,053 contract is for Software AG to buy, support and maintain Info Hub Architecture Software that is part of an integrated criminal justice information system.

– Bill Dries

ServiceMaster Names Runyan Supply Management Leader

The ServiceMaster Co. has created a position to oversee fleet and supply management of the Memphis-based operation and appointed Mary Kay Runyan to the senior vice president’s position. Runyan comes to the position from being vice president of strategic sourcing and fleet since 2012.

That job involves responsibility for one of the largest commercial fleets in the country with $1.5 billion worth of products and services bought annually by ServiceMaster for those fleets.

The position created by new ServiceMaster CEO Robert Gillette oversees supply management for the corporation as well as the business unit levels.

– Bill Dries

Start Co. Launches Fundraising Drive

Start Co. is kicking off a $20,000 match challenge.

The organization formerly known as LaunchYourCity will see every dollar raised through the challenge matched by an anonymous donor. All proceeds will go toward Start Co.’s “Start Empowering” platform to help continue building “a diverse community of leaders.”

Also as part of the match challenge, Start Co. is hosting a Rooftop FUNdraiser Sept. 19. The event will include music, drinks and networking opportunities.

– Andy Meek

Business Coach Michael Synk Hosts Book Signings, Readings

Business educator, coach and consultant Michael Synk is hosting a few book signings and readings in the coming days in support of his new title, “Rock and Sand: A Practical Insight into Business Growth.”

The Crescent Club will host one of the events. It’s scheduled for Thursday, July 25, from 5 p.m. to 7 p.m. in the Founders Room, at 6075 Poplar Ave. A reading will be at 6 p.m.

After that is an event from 7:30 a.m. to 8:30 a.m. in the Triumph Bank boardroom at 5699 Poplar Ave. on Tuesday, July 30. There will be a reading at 8 a.m., and coffee will be available. The following day, Synk is doing a virtual book signing from 11:30 a.m. to 1 p.m. in a Google Hangout, with a reading at noon.

Event attendees are encouraged to bring a book to be signed or buy a copy at the event. There also will be question-and-answer periods. For the Google Hangout, an address will be given where purchasers can email their receipt and get a signature that can be printed out.

Synk’s book uses the analogy of “moving rocks” and “pushing sand” and creates a model that helps business owners, executives and entrepreneurs understand the connection between strategy and execution.

– Andy Meek

Butler Snow Expands Into Denver Market

Butler, Snow, O’Mara, Stevens and Cannada PLLC, which has a Memphis office, announced the law firm has expanded into the Denver market.

The new office will specialize in new markets tax and public finance, adding to the firm’s growing public finance and incentives group, Butler Snow announced.

The law firm has nearly 250 attorneys in 14 offices worldwide.

– Jennifer Johnson Backer

Community Health Alliance Adds Tennessee Offices

Community Health Alliance announced it has opened two new offices in Nashville and Chattanooga.

A Memphis office is planned for later this year.

The Knoxville-based insurance carrier was created with a $73 million federal loan in August. The health insurance CO-OP model was created by the Affordable Care Act to provide competition to other health insurance carriers.

Unlike a traditional insurance carrier, policyholders elect the board of directors and insurance premiums are used to benefit members.

The new offices are part of CHA’s plan as it prepares to roll out health plans for Tennessee individuals and businesses on the Tennessee Health Insurance Marketplace, which opens Oct. 1. In May, the insurer received its Certificate of Authority from the Tennessee Department of Commerce and Insurance and is now officially licensed as a health insurance company.

– Jennifer Johnson Backer

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 56 137 4,903
MORTGAGES 88 226 6,452
FORECLOSURE NOTICES 6 25 1,504
BUILDING PERMITS 170 318 11,577
BANKRUPTCIES 65 119 5,078
BUSINESS LICENSES 27 46 1,982
UTILITY CONNECTIONS 84 227 6,693
MARRIAGE LICENSES 15 44 1,385

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