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VOL. 130 | NO. 5 | Thursday, January 8, 2015

Daily Digest

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Loeb Buys Former Peddler Bike Shop

In addition to its recent purchase of the former Newby’s bar and restaurant space, an affiliate of Memphis-based Loeb Properties has acquired another key Highland Strip property for $500,000.

Loeb Properties affiliate Highland University District LLC acquired the former Peddler Bike Shop location at 569 S. Highland St. from the Mary Burson Jennings Testamentary Trust, according to a Dec. 17 warranty deed. That property is located on the same side of Highland as Newby’s but is closer to Southern Avenue.

The same Loeb affiliate recently paid $450,000 to acquire the Newby’s property at 535 and 539 S. Highland St. from Paragon Bank, according to a Dec. 29 deed. The two properties are adjacent to each other on the west side of the Highland strip near the University of Memphis in an area booming with development.

Source: The Daily News Online & Chandler Reports
– Amos Maki

City Council Delays Vote on Beale Tourism Authority

At the first Memphis City Council meeting of 2015, council members delayed for two weeks a vote on a Beale Street Tourism Development Authority to guide future development of the entertainment district through a nine-member appointed board.

Council member Harold Collins said he wanted to more time in committee before the Jan. 20 council session to review the 12-page resolution establishing the authority under state law.

The district has been governed for the last year on an interim basis by the Downtown Memphis Commission with various city divisions assisting.

Also delayed Tuesday were third and final readings of two ordinances by council member Kemp Conrad that establish new rules for taxis in the city as well as ridesharing services Uber and Lyft.

In other action, council member Joe Brown attempted to add a resolution that would have reversed outgoing council chairman Jim Strickland’s decision to lay off two council staffers.

The motion was voted down on a 3-3 tie vote at the council’s executive session.

And the council approved a Strickland resolution for an audit of the city’s health care and OPEB – other post-employment benefits – fund for $70,000. The money is to come from the city’s health fund with Segal Consulting of Atlanta performing the audit.

Also approved was the city’s half of a $500,000 disaster recovery assistance program to aid homeowners in flooded areas that do not qualify for federal disaster assistance. The city’s $250,000 would come from city reserves. A companion resolution is scheduled for a vote by the Shelby County Commission, which would put up the other $250,000.

– Bill Dries

Italian Winterfest to Be Held Sunday

The fifth annual Italian Winterfest will be held Sunday, Jan. 11, at 5 p.m. at The Racquet Club of Memphis, 5111 Sanderlin Ave.

A benefit for the Ave Maria Home and the Catholic Education Scholarship Fund, the event will feature fine Italian cuisine and signature dishes from 15 Memphis restaurants, as well as traditional Italian tableside music by Tony Barrasso and dancing musical selections played by DJ Michael Spano.

Monsignor John B. McArthur, the pastor of St. Louis Catholic Church in Memphis and a longtime supporter of Catholic education and the Ave Maria Home, has been named Winterfest’s second annual honored guest.

Italian Winterfest this year is being dedicated to the memory of Angelo A. Lucchesi and Sam Bomarito, who co-founded the event with Barrasso. The fundraiser has grown annually, and last year drew some 1,000 attendees and raised $36,000.

Tickets are $45 and reserved tables are $450, and they can be purchased online at www.avemariahome.org; at St. Louis Catholic Church, 203 S. White Station Road; or by calling Lisa Bell at 901-405-3791 or Mary Helen Carmack at 901-373-1205.

– Don Wade

Tigers Lineman to Play in NFLPA Bowl

The NFL Players Association has announced University of Memphis offensive lineman Al Bond has committed to play in the 2015 NFLPA Collegiate Bowl.

At 6-foot-4 and 305 pounds, Bond was an American Athletic Conference First-Team selection in 2014. He started all 13 games of his senior season at right tackle, playing 895 of 1,012 offensive snaps for the Tigers during the year, including every snap in 10 of 13 games.

Bond played all 97 offensive snaps of the Tigers’ 55-48, double-overtime victory over BYU in the inaugural Miami Beach Bowl.

Draft-eligible seniors will be competing in the all-star game on Jan. 17 at StubHub Center on the California State University Dominguez Hills campus in Carson, Calif. Kickoff is scheduled for 3 p.m. and the game will be televised by ESPN2. ESPNU will also air live broadcasts from practices on Jan. 14 and 15.

For one week preceding the NFLPA Collegiate Bowl, participants will receive an in-depth introduction to the union – the primary resource for information on the business of football and how to succeed in the NFL and in post-football careers.

Pro football players and coaching legends will work with players, giving them firsthand insight on what it takes to win on and off the field. Mike Holmgren and Mike Martz will serve as the head coaches for the American and National teams.

– Don Wade

University of Memphis Awarded Grant for Nutrition Study

Marie van der Merwe, assistant professor of Health and Sport Sciences at the University of Memphis, has received a grant of nearly $400,000 from the Juice Plus Co. to direct a clinical trial evaluating the health benefits of a dried fruit and vegetable supplement.

Individuals with psychological stress and obesity often suffer an increase in low-grade systemic inflammation, which can lead to chronic diseases, such as type 2 diabetes. A diet high in fruits and vegetables can reduce this inflammation and its consequences. Juice Plus, a supplement of dried fruit and vegetable juice, also decreases systemic inflammatory molecules. The two-year study will determine the beneficial effects of Juice Plus when provided to stressed, overweight individuals.

Researchers are recruiting nonsmoking female health care professionals between ages 25 and 50 who are in stressful positions and have a high body mass index, no endocrine or metabolic dysfunction, and are not pregnant or lactating. For more information, contact Simone Godwin at smgodwin@memphis.edu.

– Don Wade

PROPERTY SALES 97 418 8,253
MORTGAGES 112 508 9,293
BUILDING PERMITS 194 1,059 18,126
BANKRUPTCIES 46 208 5,367