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VOL. 130 | NO. 24 | Thursday, February 5, 2015

Daily Digest

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Brixmor Planning New Retail Building in Cordova

Brixmor Property Group is preparing to construct a new retail building on Germantown Parkway.

Brixmor has applied for a $600,000 building permit for a new one-story, 10,720-square-foot retail building at 2825 N. Germantown Parkway. A phone number for Orlando, Fla.-based architecture and engineering firm Cuhaci & Peterson is listed on the application.

Located across Germantown Parkway from Wolfchase Galleria, the site is currently home to a 16,746-square-foot retail center built in 1996. The Shelby County Assessor of Property’s 2014 appraisal is $1.6 million.

Brixmor owns the nearby Commons at Wolfcreek development near Interstate 40. Academy Sports & Outdoors opened its newest Memphis-area location in a new building at 7930 Giacosa Place inside the center, the former site of a Value City Furniture store.

Source: The Daily News Online & Chandler Reports

– Amos Maki

Loeb Chosen as PRSA Communicator of the Year

The Memphis Chapter of the Public Relations Society of America has chosen Loeb Properties Inc. president Bob Loeb as its Communicator of the Year and will honor him at its monthly luncheon Thursday, Feb. 12, at the University Club.

Each year, the Memphis Chapter of PRSA presents the Communicator of the Year award to a member of the community who exhibits several qualities – the ability to communicate effectively to general or specific groups, public visibility as a communicator, being a respected member of the community and investing his or her time and talent communicating a specific message.

The recipient does not necessarily have to be a public relations practitioner. Loeb was chosen for his leadership in the transformation of Overton Square.

Officials at Loeb Properties say they expect the square will be visited by more than 1 million people in 2015.

– Andy Meek

Memphis City Council Endorses Insure Tennessee

As Tennessee legislators continue their special session on the proposed Medicaid expansion, Memphis City Council members approved Tuesday, Feb. 4, a resolution urging the Legislature to approve Gov. Bill Haslam’s Insure Tennessee plan. The council resolution is a companion to a similar resolution approved by the Shelby County Commission last month.

In other action, the council approved a hotel waiver for King Signature Hotel at 1471 E. Brooks Road. The hotel has been under new ownership since December, requiring a new waiver.

The council also approved a lease agreement for land on Presidents Island between the Memphis-Shelby County Port Commission and Center Point Terminal Co. LLC, which has a tank farm nearby on Riverside Drive. The same lease was approved last month by the Shelby County Commission.

And the council approved on third and final reading an ordinance that allows the city to bill telecoms and other companies that damage sewer infrastructure when those companies access the city’s underground utilities. Under the ordinance, the city is authorized to make the repairs and then seek reimbursement.

The council again delayed action for two weeks on the two ordinances that would change regulations for taxi cabs in the city as well as the Uber and Lyft ride services. The pair of ordinances are awaiting votes on third and final reading.

– Bill Dries

Anderson Receives Final Memphis Open Wild Card

The Memphis Open presented by ServiceMaster has announced that world No. 15 Kevin Anderson has received the final wild card into the main draw of the 2015 Memphis Open, to be held Feb. 7-15 at The Racquet Club of Memphis.

Anderson, a 6-foot-8 South African, joins a field including 2014 U.S. Open finalist Kei Nishikori and top-ranked American John Isner. Rising American teenagers Jared Donaldson and Stefan Kozlov received the other two main draw wild cards last week.

Anderson, who advanced to the fourth round of the 2015 Australian Open, has won two ATP World Tour tournament titles, at Delray Beach in 2012 and in his native Johannesburg in 2011. Last year, he reached the quarterfinals or better at eight tour events and became the first South African to finish in the Top 20 in back-to-back years since Wayne Ferreira in 1994-1996.

He played the Memphis Open from 2010-2012, reaching the second round in 2012.

For a breakdown of the Memphis Open tournament schedule and to purchase tickets, visit memphisopen.com or call 855-307-1981.

– Don Wade

International Children’s Heart Foundation Making 26 Medical Missions in 2015

The International Children’s Heart Foundation, a Memphis-based nonprofit dedicated to caring for and curing children with congenital heart disease in developing areas across the globe, has announced its schedule of 26 medical visits across seven countries in 2015.

Upcoming medical missions for the first half of 2015 include trips to Santiago, Dominican Republic; Guayaquil, Ecuador; and Asuncion, Paraguay. These missions, which have the potential to save many lives, are made possible by the support of hundreds of clinical volunteers from across the U.S., Canada and other countries.

Last year, more than 400 volunteers participated in these trips, accounting for more than $3.2 million in in-kind medical services. ICHF is well on its way to surpassing last year’s volunteer numbers after securing 75 new medical volunteers. In addition, ICHF is currently involved in negotiations to serve several new countries in Eastern Europe and South America this year.

ICHF will also begin this year’s journey with Dr. Rodrigo Soto as the new chief executive officer of clinical operations. Previously, Soto served as a volunteer pediatric cardiac surgeon from 2002 to 2012 before transitioning to staff surgeon in early 2013.

– Don Wade

House Speaker: Tennessee Gas Tax Increase Unlikely This Year

House Speaker Beth Harwell says that Tennessee lawmakers are unlikely to take up a gas tax increase during this year’s legislative session.

Speaking to a joint conference by the National Federation of Independent Business and the Tennessee Grocers and Convenience Store Association on Tuesday, Harwell said lawmakers are interested in discussing ways to “broaden the base” of transportation funding to make up for losses from vehicles with better fuel mileage and electric cars.

But the Nashville Republican said she doesn’t expect an increase to be enacted this year.

A recent report from the state comptroller’s office found Tennessee’s fuel taxes are insufficient to maintain existing infrastructure and meet long-term transportation needs. The state’s 21.4-cents-per-gallon gas tax hasn’t been raised since 1989.

– The Associated Press

PROPERTY SALES 69 119 21,696
MORTGAGES 64 113 16,530
BANKRUPTCIES 28 64 6,781