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VOL. 8 | NO. 36 | Saturday, August 29, 2015

Daily Digest

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Origin-and-Destination Traffic Up 9.6 Pct. at Airport

Origin-and-destination air traffic at Memphis International Airport increased by 9.6 percent in July compared to a year ago.

The 173,000 total enplanements in July represented an increase in origin-and-destination traffic for every airline serving the airport except Delta Air Lines.

Origin-and-destination traffic is made up of passengers who begin or end their journey in Memphis as opposed to passengers making a connecting flight.

Connecting traffic was the bulk of airport passenger service when Delta had a hub at Memphis International Airport. That began to shift as Delta cut its Memphis service steadily over several years before dehubbing the airport in 2013.

Airport statistics for July also show 213,000 passengers for the month compared to 188,000 a year ago. The airport attributed the seat increase to the addition of flights and larger aircraft.

– Bill Dries

Car Wash Facilities Sell for $29 Million

Car Wash USA Express Holdings LLC, a Mississippi limited liability company, has sold its portfolio of car wash facilities located across Memphis and Shelby County.

IMO US South LLC, a Delaware limited liability company, purchased 10 car washes and two parcels of vacant land for $29 million, according to a special warranty deed signed Aug 13.

The addresses listed in the sale include: 6975 Stage Road, 1270 Lamar Ave., 3419 Elvis Presley Blvd., 3736 Riverdale Road, 4349 Summer Ave., 612 Waring St., 161 Byhalia Road, 9122 U.S. 64, 434 S. Germantown Parkway, 6040 Mount Moriah Road, 3045 Austin Peay Highway and 1675 Union Ave.

Car Wash USA Express is the largest express exterior car wash in the Mid-South, with 17 locations in West Tennessee, Mississippi and Arkansas.

The properties have a combined tax appraisal value of $6.7 million.

– Wendy Greenlaw, Chandler Reports

Pancakes & Booze Art Show Coming to Memphis

More than 40 emerging artists will showcase their hottest work next month at the Pancakes & Booze Art Show at the Hi-Tone, 412 N. Cleveland St., in what will be a Warhol-style, anything-goes, massive warehouse environment.

The event, slated for Sept. 12 from 8 p.m. to 2 a.m., will include all-you-can-eat pancakes, live music, body painting and multimedia displays. The show originated in 2009 in Los Angeles and since has shown more than 100 times in 22 cities around North America. Each show draws as many as 5,000 guests throughout the night. Admission is $5.

– Andy Meek

St. Jude Nurses Receive Prestigious Award

St. Jude Children’s Research Hospital has received a prestigious award: the designation of magnet status by the American Nurses Credentialing Center.

Magnet status is the highest honor granted to nursing services, with only 7 percent of U.S. hospitals receiving the designation. St. Jude is the first hospital in West Tennessee to receive it.

National studies, according to St. Jude, have found that benefits of being a magnet-recognized organization include lower patient mortality, fewer medical complications and better patient care outcomes.

– Andy Meek

U of M Collierville, Lambuth Campuses Set Records

Two University of Memphis satellite campuses have set enrollment records for the fall semester.

The school’s Lambuth campus in Jackson, Tenn., has 913 students taking classes this fall, up about 11 percent from 829 in fall 2014.

Lambuth campus enrollment has grown steadily since the U of M acquired Lambuth University in 2011. That year, enrollment was 250. It rose to 581 in fall 2012 and 695 in fall 2013.

Niles Reddick, vice provost of the Lambuth campus, said the school’s marketing and recruiting efforts are paying off, and it will tailor an effort this year to grow its out-of-state student population.

In Collierville, the U of M has 670 students taking classes this fall, an increase of 18 percent compared to fall 2014. The number of course sections offered there has grown about 35 percent, from 63 last fall to 85 this year.

The campus is located at Poplar Avenue and Peterson Lake. The university moved into its 27,000-square-foot facility there in January.

Richard Irwin, academic innovation and support services vice provost, said the goal of the campus “is to significantly reduce, if not eliminate, the need to visit the main campus for students choosing to fulfill degree requirements at the U of M Collierville Center.”

– Daily News staff

Evolve Creates Java4Jobs to Help Finance Startups

Evolve Bank & Trust has started a coffee company to provide financing for startups, small businesses and minority- or women-owned businesses.

Java4Jobs’s online start, at java4jobs.com, sells three varieties of coffee – morning shift, day shift and night shift – along with mugs, caps and other merchandise bearing the Java4Jobs logo.

The website also includes contact information for those seeking the financing to apply.

“One of the toughest things most entrepreneurs face is gaining access to the funds they need to get their idea off the ground,” said Scott Stafford, president and CEO of Evolve. “The company we started – Evolve Bank & Trust – began as nothing more than an idea scribbled on a napkin.”

– Bill Dries

SCS Launches Effort to Improve Attendance

Shelby County Schools and the Achievement School District are teaming with the Memphis Grizzlies, Shelby County District Attorney General’s office and the nonprofit group Seeding Success to boost student attendance.

Grizzlies guard Tony Allen is serving as the face and voice of the “Represent. Everyday.” campaign, which offers students incentives for reaching attendance goals throughout the year. Allen also will contribute automated calls to students and parents to remind them of the importance of attendance and to encourage parents to make sure their children are in school.

“We know that if a child misses more than a couple of days in a school year, it could be very difficult to get back on track,” SCS superintendent Dorsey Hopson said during the kickoff Wednesday, Aug. 26, at Cherokee Elementary School, 3061 Kimball Ave.

As the school year opened Aug. 10, approximately 80 percent of the students in Shelby County Schools had registered for classes, according to Hopson. That percentage is normal for the school system, despite repeated efforts over the years to combat the long-held practice of parents registering their children for classes on the first day of school or, in some cases, after the Labor Day holiday weekend in September.

– Bill Dries

NAI Saig Leases Last Space at Nonconnah Corporate

Nonconnah Corporate Center’s industrial space is now 100 percent leased thanks to a 26,865-square-foot deal.

NAI Saig Co., which has handled industrial leasing at the property since July 2011, said the new deal with Mar Cor Purification Inc. pushed the 350,000-square-foot park to full occupancy.

“When we took over the leasing in 2011, the occupancy rate was looming at 65 percent,” said Elliot Embry of NAI Saig. “With the recovery of the Memphis market and overall economy, we were able to attract tenants from all over the country.”

Nonconnah Corporate Center is located between Airways Boulevard and Mill Branch Road. Jeb Fields with Cushman & Wakefield/Commercial Advisors represented Mar Cor in the latest deal.

– Daily News staff

New York Life Sells Warehouses for $13M

New York Life Insurance Co. has sold two distribution centers in Southpark Distribution Center for a combined $13 million.

Boston-based CD 183 Pleasant Hill Road LLC, a Delaware limited company managed by Taurus Investment Holdings Inc., purchased the facilities from New York Life on Aug 14.

The larger of the two properties, 4575 Pleasant Hill Drive, sold for $8 million. The 320,000-square-foot warehouse was built in 1991 and includes 58,000 feet of warehouse office space. The building sits on 17 acres at the southwest corner of Quality Drive and Pleasant Hill Road. The Shelby County Assessor’s 2015 tax appraisal value is $8 million.

The distribution center at 4740 E. Shelby Drive sold for $5 million. The 104,000-square-foot warehouse was built in 1991 and includes 21,000 feet of warehouse office space. The building sits on 7.33 acres at the northeast corner of Pleasant Hill Road and Shelby Drive, and the assessor’s 2015 appraisal is $3.3 million.

New York Life had owned the facilities since 1991. A $9.5 million loan through Synovus Bank, a Georgia banking corporation, was filed at the time of sale.

– Wendy Greenlaw, Chandler Reports

Methodist North Unveiling New Technology

Methodist North Hospital is preparing to debut 3-D imaging technology.

The hospital, at 3960 New Covington Pike, is introducing a new piece of equipment designed to treat a variety of medical disorders of the heart and blood vessels, neuromuscular disorders, cancer and other conditions. The GE Innova IGS 540 Gen 2 System is an advanced digital X-ray imaging system that will allow doctors to see highly detailed, real-time images of patient anatomy during procedures that require exact precision.

The system provides advanced capability for visualizing delicate procedures like placing stents in a patient’s artery.

– Andy Meek

Sedgwick Announces Lyons as New CFO

Memphis-based Sedgwick Claims Management Services Inc. has tapped a new chief financial officer.

The company has hired Henry Lyons, who has more than 30 years of experience in finance, accounting, corporate development and executive management. Lyons most recently was CFO of APMEX Inc., one of the world’s largest Internet-based retailers of precious metals.

He’s also served in financial leadership roles at corporations including Gain Capital, ACI Worldwide, GE Healthcare, W.R. Grace & Co. and Ernst & Young.

– Andy Meek

Raw Girls Parking at Eclectic Eye This Weekend

The Raw Girls food truck has changed the location of where it will be parked this weekend.

Instead of Muddy’s Grind House in Cooper-Young, the truck will be parked nearby, at Eclectic Eye, 242 S. Cooper. The truck’s hours there will be 8 a.m. to 4 p.m. on Friday and Saturday.

The relocation is a result of the truck being asked to vacate Overton Square, where it had been a fixture of late, and find an alternative spot to operate.

The Raw Girls owners have thanked the community for their support via a Facebook message that came in the wake of the truck being told to leave the square. In response to being told to relocate – a statement from Loeb read, in part, that the truck’s offerings represented a potential and unspecified conflict with those of existing square tenants – Amy wrote on Facebook that the community support “has been amazing.” The truck, she said, also has been offered parking “in some very premium lots around midtown and beyond. Memphis rocks!”

A Loeb representative told one news outlet this week that Raw Girls had been offered two alternative locations.

From Amy’s Facebook response:

“We’ve appreciated our time in Overton Square. Everyone involved with operations treated us exceptionally well. However, we were unaware of a ‘3-month trial period’ and were told we could be there every day as long as we liked. As for 2 alternative locations, we were told of 1 location that was in the works on Central and Cooper. It’s not ready for occupation. We were given 2 days to stop our operation completely. We wanted nothing more than to be able to service Midtown, an area of the city that’s truly underserved by healthier options.”

– Andy Meek

Chamber Announces 2015 Young Memphians

The Greater Memphis Chamber has selected its class of 2015 Young Memphians.

To qualify, the young professionals had to be chamber members under the age of 40. Nominations were received through the chamber’s website, social media outlets and email.

“When we look at this talented group of young professionals, we see a generation that’s ready to spark transformational change in Memphis,” said Phil Trenary, president and CEO of the Greater Memphis Chamber. “These 10 young Memphians represent a variety of industries and companies, but they all have two things in common: a passion for Memphis and a hardworking, can-do attitude that will accomplish great things for our city.”

The chamber’s 10 Young Memphians are:

Anna Cardona, designer and marketing director, Evans Taylor Foster Childress

• Airika Gigas, director of sales and events, LEO Events

• Noah Glenn, videographer, City Leadership

Brent Hooks, accountant, Allworld Project Management

Brooke Jones, engineer, FedEx

• Kela Jones, director of development, Peer Power Foundation

Jonathan Lyons, director of public relations, Memphis Convention & Visitors Bureau

George Monger, vice president and executive director, The Consortium MMT

• Carlissa Shaw, criminal lawyer, Horne & Wells

David Underwood, director of import services, Dunavant Logistics

– Don Wade

Gov. Haslam Encounters Privatization Picket Line

Tennessee Gov. Bill Haslam encountered protesters Tuesday, Aug. 25, during a stop at Southwest Tennessee Community College.

Haslam’s visit to the campus on Macon Cove was to mark the start of the higher education academic year – the first school year of the Tennessee Promise program, which offers Tennessee high school graduates two years of free community college.

The picket line was set up to protest Haslam’s exploration of outsourcing the management of buildings on Tennessee’s college campuses and other state-managed office buildings. Protesters also spoke against an examination of privatizing management of the state’s parks.

The protest was spearheaded by the Memphis chapter of the Sierra Club as well as United Campus Workers, the part of Communication Workers of America that represents public higher education workers.

“Everybody should kind of slow down,” Haslam said when asked about the protest. “We are just seeing what kind of interest there is.”

Haslam’s administration issued a request for information earlier this month to gauge interest among private companies.

Haslam said the state saved $10 million over two years from private management of some state office buildings, which he initiated during his first term of office.

That change saw the state move out of the Donnelley J. Hill state office building on the Main Street Mall in Memphis to rented space in One Commerce Square.

Earlier this week, the Tennessee Building Commission approved the sale of old state building to the city of Memphis. The building will become the new headquarters of the Memphis Police Department.

– Bill Dries

Cordova Malco Theater Sells for $1.9 Million

Malco’s Cordova Towne Cinema movie theater, located at 1080 N. Germantown Parkway in Cordova, has sold for $1.9 million.

Mark D. Puckett, trustee of The Michael Lightman 2012 Family Trust, signed the Aug. 20 warranty deed purchasing the property from Cordova Town Center I Partnership, a Tennessee general partnership.

Both parties signed an assignment and assumption of lease document filed at the time of sale.

The theater, built in 2000, is located in the Cordova Towne Center shopping center at the northeast corner of Macon Road and Germantown Parkway.

The 53,000-square-foot building sits on seven acres and has a tax appraisal value of $6 million.

– Daily News

Collierville Prepares for School Bond Sale

The town of Collierville expects to go to market in late September with the sale of school bonds to build a new Collierville High School.

The plans for going to market come after the Collierville Board of Mayor and Aldermen gave final approval Monday, Aug. 24, to the $95 million general obligation bond issue.

The initial authorizing resolution was approved by the body in June. Critics of the construction project circulated a petition to put the bond issue to voters, but failed to get the required number of signatures to force a referendum.

The school, which will accommodate 3,000 students, is to be built on 150 acres of land at East Shelby Drive and Sycamore Road. Construction is scheduled to begin in the spring of 2016 with the school open for classes in August of 2018.

– Bill Dries

DHG Named to CNBC Wealth-Management List

DHG Wealth Advisors LLC has been named to CNBC’s 2015 Top 100 Fee-Only Wealth Management Companies in the United States.

The award was based on objective data supplied by the Securities and Exchange Commission, the Financial Industry Regulatory Authority, and various federal and state agencies. The proprietary ranking formula included assets under management, average account size, percentage of advisory staff owning professional designations, years in business and growth of assets, among other measures.

“Accolades are nice, but the real reward comes from helping our clients and their families experience a greater freedom and peace of mind in their financial life,” said Rick Kramer, chief investment officer of DHG Wealth Advisors. “No list can top that feeling, and that is what drives each member of our firm to be the best they can be.”

DHG Wealth Advisors, a subsidiary of Dixon Hughes Goodman, manages $1.7 billion for clients through 27 offices covering 14 states.

– Daily News staff

SportSouth Gets New Name, Keeps Grizz, Cardinals

The Memphis Grizzlies and St. Louis Cardinals aren’t going anywhere. Local viewers will still find their TV games on the same channel numbers, but FOX Sports Southeast is supplanting SportSouth.

The branding change will take effect Oct. 5, the network announced.

SportSouth programming will be found under the new banner of FOX Sports Southeast. The station will continue to carry the Grizzlies and Cardinals. It also will feature MLB’s Atlanta Braves and Cincinnati Reds; the NBA’s Atlanta Hawks, Charlotte Hornets and New Orleans Pelicans; the WNBA’s Atlanta Dream; and selected Big 12, Big East and Conference USA events.

While the Grizzlies’ 2015-16 schedule has been released, the team’s TV schedule will be released at a later date.

– Don Wade

Models with Special Needs Take the Runway

An Exceptional Foundation of West Tennessee fundraiser will put the spotlight on the people it serves with an Aug. 30 event.

The Exceptional Foundation Fashion Show fundraiser will feature 22 models with special needs.

The fundraiser was created and co-chaired by Julia Greenstein, daughter of Sheril and Rabbi Micah Greenstein; Claire Hyde, daughter of Barbara and Pitt Hyde; and Hannah Orgel, daughter of Robin and Billy Orgel. Greenstein, Orgel and Hyde have raised $7,500 so far.

The three girls, who are juniors at St. Mary’s Episcopal School, have volunteered at the Exceptional Foundation for two years, teaching an after-school dance class.

“It’s been very rewarding, and we’ve grown to know the participants well, but we thought it was time to share their spirit with the rest of the community,” Greenstein said.

Classic Party Rentals and Brunner Printing will create the fashion show runway and printed materials. Stein Mart will provide outfits for 11 of the participating models. Local retailer Dazzle will accessorize models with jewelry, and volunteers will assist with makeup and wardrobe fittings.

The event – which starts at 2 p.m. and will be held at Temple Israel, 1376 E. Massey Road – is open to the public. Tickets cost $10; all proceeds benefit the Exceptional Foundation of West Tennessee, which seeks to meet the social, recreational and continued educational needs of adults and children with intellectual disabilities.

– Daily News staff

U of M Teams with City on Smart Technologies

The University of Memphis and the city of Memphis are expected signed an agreement Monday, Aug. 24, to collaborate on using smart technologies.

The Smart Cities Innovation Program specifically involves research to use technology on such challenges as transportation systems, water and sewer systems and other basic public services.

“Recent advances in the development of smart technologies are now opening up opportunities for cities to function more efficiently and effectively in serving their citizens,” said University of Memphis President M. David Rudd..

Brent Nair, the city’s chief information officer, said the city already is collaborating with Naveen Kumar, a professor of data science, on how to predict blight patterns.

– Bill Dries

ArtsMemphis Offering Grants to Non-Arts Groups

ArtsMemphis is for the first time offering grants to nonprofits that don’t have a specific arts focus.

The organization is launching Community Engagement Grants, which would provide funding to nonprofits that want to develop arts-based projects.

The program was created to address the needs of underserved communities within Memphis, defined as populations with limited access to the arts due to economics, geography, disability, race or ethnicity.

“ArtsMemphis believes the arts can play a critical role in community engagement,” said Linda Steele, ArtsMemphis chief engagement officer, in a statement. “It has been proven that the arts unite individuals and communities and can serve as agents of change to spark dialogue about critical social issues. The arts also can mobilize communities to address their challenges.”

In its announcement of the grants, ArtsMemphis provided examples of funded activities, including public performances, productions and exhibitions; projects promoting artists; research and documentation of program development; and apprenticeship programs.

Applicants should contact Steele, at lsteele@artsmemphis.org, for more information.

– Daily News staff

Celtic Crossing Names New Head Chef

Celtic Crossing Irish Pub and Restaurant has a new head chef.

He’s Will Renick, whose first initiative was the expansion of Celtic’s brunch to Saturdays. That kicked off Aug. 8 to coincide with the start of the English Premier League soccer season.

Renick joined the Celtic team in 2012 as sous chef.

“We’ve heard from customers for years that our brunch is among the best in the city, so Will’s idea to expand to Saturday was an easy decision to make,” Celtic Crossing owner DJ Naylor said in a release about the news. “Now that we are smoke-free, we want families to enjoy our brunch all weekend long.”

Celtic is open Monday through Friday from 11 a.m. to 3 a.m. and on Saturdays and Sundays from 10:30 a.m. to 3 a.m.

– Andy Meek

First South Financial Enhances Mobile Offerings

Bartlett-based First South Financial Credit Union has enhanced its mobile banking app with a package of services that includes the mobile bill payment solution Picture Pay.

With it, members can pay a bill by taking a photo of it with their mobile device. First South handles the back-end work of confirming the biller’s information and processing the payment.

First South’s mobile features also include using a consumer’s fingerprint for authentication instead of their mobile banking password, as well as remote check deposit.

In other First South news, the credit union recently was named one of the Top 200 Healthiest Credit Unions in America by online banking publication DepositAccounts.

First South was joined on the list by another Memphis-area institution, Memphis City Employees Credit Union.

– Andy Meek

Banks with Memphis Ties On List of ‘Best to Work For’

Financial industry publication American Banker has named Pinnacle Financial Partners the No. 3 best bank to work for in the country.

Nashville-based Pinnacle is set to close in the third quarter on its merger with Memphis-based Magna Bank. This is the third year in a row Pinnacle has earned a spot in the magazine’s top three.

Pinnacle earned the No. 1 spot in 2013 and No. 2 spot in 2014.

Memphis-based First Horizon National Corp. also made the list, coming in at No. 24. First Horizon is the parent company of First Tennessee Bank.

To be considered for participation, firms had to have at least 50 employees working in the U.S. and be a commercial bank, thrift, mutual association, mutual savings bank, savings and loan association or a savings bank.

Determining which institutions make the list is a two-step process. The first consists of evaluating each participating bank’s workplace policies, practices and demographics. That part of the process is worth about 25 percent of the total evaluation.

The second part is based on employee surveys aimed at assessing the experiences and attitudes of individual employees with respect to their workplace. That’s worth about 75 percent of the total evaluation.

The combined scores determined the top banks and final ranking.

– Andy Meek

Breast Cancer Program Launches in Memphis

A new program launching this weekend in Memphis seeks to make breast cancer screening a priority in the African-American community.

SisterPact is a community education program that will work to make African-American women commit to get a mammogram and encourage a close friend or family member to do the same. It also will provide a directory of more than 70 local and national screening resources.

A group of local, statewide and national health care and community leaders will launch SisterPact Saturday, Aug. 29. Visit sisterpact.com for more information.

– Daily News staff

MIFA Secures Walmart Grant For Meals on Wheels

The Metropolitan Inter-Faith Association has received a $45,000 contribution to assist with its Meals on Wheels program.

The grant, which was given through the Walmart Foundation’s State Giving Program, will help MIFA deliver more than 15,000 extra meals this year, allowing the organization to provide food to nearly 60 new clients.

“We are grateful for Walmart’s support to better our community, especially as we work with our partners to expand our services to highly food insecure seniors,” said MIFA executive director Sally Jones Heinz.

The MIFA Meals on Wheels program, with the help of up to 100 volunteers, provides hot, nutritious lunches for homebound elderly and seniors at 15 congregate nutrition sites each weekday. It is MIFA’s largest program and has been awarded the highest possible accreditation conferred by Meals on Wheels America.

– Don Wade

Creative Aging Seeks Pumpkin-Carving Teams

Creative Aging is seeking corporate teams and sponsors for its annual Underwater Pumpkin Carving Contest, a fundraiser for the Memphis-based nonprofit.

The event, which is scheduled Oct. 24 from noon to 3 p.m. at The Dive Shop, 999 S. Yates Road, features both underwater and topside pumpkin-carving competitions, a costume contest, live music and kids activities.

The underwater competition calls for teams of two or more to carve pumpkins while wearing scuba gear or using snorkels. Teams must surface with all pumpkin pieces within one hour or at 500 psi, whichever comes first. The topside contest gives contestants an hour to complete their work.

Guests – who can watch the underwater carving on a live video feed – will vote for their favorites by pitching tickets, each valued at $5, and the pumpkins with the most tickets in them will win gift certificates.

The entry fee is $25 per team. Corporate/carving teams can view the full rules and register for the event at creativeagingmidsouth.org.

– Daily News staff

Brown in Custody on 2014 Contempt Citation

Former Criminal Court Judge Joe Brown turned himself in Thursday, Aug. 27, to begin serving the remaining four days of a five-day sentence for contempt of court. He began serving the sentence last year.

Brown was found in contempt of court in March 2014 by Juvenile Court Magistrate Harold Horne as the opening act of Brown’s bid to win election that year as Shelby County District Attorney General.

Brown showed up in Juvenile Court to represent a client before Horne and challenged whether Horne had the authority to sit as a judge and then whether Horne could order Brown to jail for contempt.

Brown believed then and still believes Horne didn’t have the authority to do either.

– Bill Dries

PROPERTY SALES 37 37 2,656
MORTGAGES 21 21 1,804
BUILDING PERMITS 318 318 6,019
BANKRUPTCIES 61 61 1,054