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VOL. 128 | NO. 222 | Wednesday, November 13, 2013

Daily Digest

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BDL Properties Files Building Permit for Cordova Site

BDL Properties LLC has filed a $907,091 building permit application with the city-county Office of Construction Code Enforcement for a Cordova property it purchased Oct. 25.

The limited liability company, which lists a Memphis address, bought the 0.9-acre parcel in a $193,842 warranty deed from the Grace N. Gower Marital Trust and Grace N. Gower Family Trust.

The property, which the sale document lists at 0 Douglas Road, is part of 10 acres the Gower trusts own, located behind Lowe’s Home Improvement on the east side of South Germantown Parkway.

At the time of purchase, BDL filed a $1.1 million construction deed of trust through First State Bank, and also filed a $123,000 deed of trust through Jack Bomar. John W. Brown III signed both trust deeds on behalf of BDL Properties.

The permit application lists the scope of work as “ground up construction” of a 7,600-square-foot building. Alexander Construction LLC is listed as the project’s contactor.

Source: The Daily News Online & Chandler Reports

– Daily News staff

Electrolux Ships First Memphis-Made Products

Electrolux North America announced Tuesday, Nov. 12, its first Memphis-made products have rolled off the assembly line and been shipped across the country.

The inaugural products produced at the Memphis facility – the Frigidaire and Frigidaire Gallery slide-in ranges – were recently manufactured, packaged and loaded onto trucks for warehousing and retail distribution throughout the United States. It’s the culmination of a two-year construction effort on the 750,000-square-foot, $266 million dollar facility. The first truckload of ovens was shipped to Seattle, Wa.

In addition to the two ranges, the plant will ultimately produce a variety of signature items, including Electrolux, Electrolux ICON and Frigidaire built-in and specialty cooking products, wall ovens and specialty freestanding ranges.

The plant, inside Frank C. Pidgeon Industrial Park, features an in-house lab that allows the company to simulate a product’s lifetime usage and performance expectations.

Electrolux said it has hired about 500 employees in manufacturing, engineering, supply-chain management, finance and operations management at the Memphis plant.

– Amos Maki

Delta Regional Authority Funds Small Business Training

Leaders of the Delta Regional Authority are putting up $250,000 for a series of 10 training events in the Mid-South, including in Memphis, for small businesses owned by women and minorities.

The training events, which span six states, are an expansion of the approach used locally by the Mid-South Minority Business Council Continuum. The authority is a federal-state partnership created by Congress.

– Bill Dries

Felicia Suzanne’s Holds ‘Movember’ Fundraiser

Felicia Suzanne’s Restaurant is holding a fundraiser in honor of Movember – an international awareness and fundraising effort in which men grow mustaches and beards during November – for the Prostate Cancer Foundation.

That event, which will be held Thursday, Nov. 14, is part of the restaurant unveiling renovations to its new patio and updated drink menu. Admission to the fundraiser is $35 and includes beer, bourbon, po’ boy sandwiches, fire pits and music by South Side Supper Club.

During the event, Felicia Suzanne’s will unveil the name of its new patio, which was chosen through votes on the restaurant’s social media channels. The restaurant’s new farm table concept also will be introduced.

Going forward, two of the restaurant’s tables will be reserved for the concept. Each table will be tailored to groups of eight to 10 and will need to be reserved 24 to 48 hours in advance. The type of cuisine to be enjoyed by the group will be discussed when making the reservation.

– Andy Meek

Stratton to Serve on National Real Estate Board

Henry Stratton, vice president of brokerage services for Colliers International Memphis, has been elected to a three-year term on the national board of directors of the CCIM Institute, a commercial real estate organization with over 15,000 designees worldwide.

The institute confers the Certified Commercial Investment Member designation, which denotes a recognized expert in commercial and investment real estate.

Stratton has held the CCIM designation since 2003. He served as local chapter president in 2009 and as a regional vice president in 2013. As vice president of brokerage service, Stratton specializes in office and industrial tenant representation, acquisitions and dispositions. Stratton has been with Colliers International Memphis since 2001.

– Amos Maki

Paragon National Bank Seeks Food Bank Donations

Paragon National Bank’s four banking centers will serve as donation points for the Sixth Annual Mid-South Food Bank Student Food Drive.

Donations of nonperishable food items can be made through Nov. 29 at Paragon’s four locations: Paragon Place, 6300 Poplar Ave.; Fountain Place, 5400 Poplar Ave.; Saddle Creek, 7600 Poplar Ave.; and Grove Park, 4515 Poplar Ave.

Last year, Paragon collected more than $14,000 in donations and more than 500 pounds of food.

– Andy Meek

Haslam: Committed to Improving Teacher Salaries

Tennessee Gov. Bill Haslam says he’s committed to improving the salaries of the state’s teachers and plans to provide some degree of funding in his proposed budget to start doing so.

The Republican governor began his annual budget hearings with agency leaders at the Capitol on Tuesday with the Education Department.

Commissioner Kevin Huffman didn’t provide specific numbers on what an increase for teachers might look like, saying he and the governor needed to first see how the overall budget comes together and then explore “what’s doable this year” for teachers.

– The Associated Press

PROPERTY SALES 83 405 4,276
MORTGAGES 104 424 4,814
BUILDING PERMITS 148 883 10,151
BANKRUPTCIES 53 264 3,149