» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 8 | NO. 38 | Saturday, September 12, 2015

Daily Digest

Print | Front Page | Email this story | Comments ()

Resurrection Acquires Residency Program

Resurrection Health has acquired a nationally recognized family medicine residency program formerly hosted through Christ Community Health Services.

The news comes less than a year after Resurrection opened its first health center. The three-year residency program, called Resurrection Family Medicine, was one of a select few programs in the U.S. funded through the Teaching Health Center Graduate Medical Education program. That’s a $230 million, five-year initiative as part of the Affordable Care Act that was created to increase the number of primary care residents trained in community-based settings.

Resurrection Family Medicine has the capacity to train 24 residents each year in multiple disciplines along the family medicine and primary care spectrum. Residents will train at three area teaching hospitals and health care providers, including Regional One Health, Baptist Memorial Health Care and Delta Medical Center. The residency program’s base will be at Resurrection Health’s current space at Delta Medical Center.

– Andy Meek

CBU Files $5 Million Permit for New School of the Arts

Christian Brothers University has filed a $5 million building permit application with the city-county Office of Construction Code Enforcement to go toward its $8 million Rosa Deal School of the Arts.

The 40,000-square-foot building is the one of the cornerstones of the private university’s $70 million capital campaign for its campus at 650 East Parkway S. Grinder, Taber & Grinder Inc. is listed in the permit as the general contractor. Construction is expected to begin within a couple weeks and last for 14 months. Classes will start in the building in spring 2017.

The three-story building will house offices and facilities for several departments including literature and languages, behavioral sciences, psychology, and visual and performing arts. Features are to include 14 classrooms with high-tech audio-visual capabilities; a large meeting room; theater-practice and small-performance space; visual arts studios; two computer labs; a student lounge; an honors program lounge and classroom; a psychology lab with video monitoring and isolated assessment rooms with two-way communication; a writing center and language center; and gallery space for artwork and display space for scholarly work.

– Madeline Faber

Memphis Job Corps CenterGets $42.2 Million Contract

The U.S. Department of Labor has awarded a five-year, $42.2 million contract to the Benjamin L. Hooks Job Corps Center.

The money will support 232 students who live at the Memphis center as well as 55 non-resident students.

Located at 1555 McAlister Drive in Whitehaven, the Job Corps Center opened in 1998 and serves students ages 16 to 24 with career, technical and academic training. It specifically targets students who have dropped out of school.

U.S. Rep. Steve Cohen announced the contract Tuesday, Sept. 8.

“The multimillion-dollar infusion of federal funds will help the Memphis Job Corps Center keep its doors open for hundreds more young people who have dropped out of school,” Cohen said in a written statement.

– Bill Dries

Multimillion-Dollar Local Home to be Auctioned

A 10,500-square-foot East Memphis home will hit the auction block next week.

Located at 6414 Blue Heron Cove, the four-bedroom, nine-bathroom house will be the site of the auction to be held Tuesday, Sept. 15.

The 2015 appraisal for the building and land totals $2.4 million, according to the Shelby County Assessor of Property.

It will be the first multimillion-dollar single-family residential property in the Memphis market to be offered auction, according to sale manager Morris Auction Group.

“We decided that with the auction method, Morris Auction Group will focus on the property, exclusively showcasing it throughout the marketplace to provide maximum visibility amongst the target market and the most likely interested buyers,” homeowner Steve Bell said in a statement. “In addition, the auction method creates a sense of urgency to promote buyer interest and action.”

– Madeline Faber

$83.6 Million Rental-Home Deeds Filed With County Register

Deeds related to New York-based Cerberus Capital Management’s purchase of more than 1,000 rental homes in Shelby County have been filed with the county Register’s Office.

Cerberus affiliate CSMA BLT LLC purchased 1,024 rental homes from BLTREJV3 Memphis LLC, an affiliate of BLT Homes, for a combined $83.6 million, according to five Aug. 31 special warranty deeds.

The Shelby County properties were part of Cerberus’ $440 million acquisition of 4,200 single-family rental houses from BLT Homes, a rental company owned by Stamford, Conn.-based Building and Land Technology.

The sale included homes in Florida, Illinois, Indiana, Missouri and Tennessee, as well as BLT’s single-family rental operating platform.

BLT entered the local market in July 2012 when it began doing business with Memphis-based Reedy & Co. as a minority partner and local operator of the investment properties.

Brad Reedy handled acquisitions of the properties for BLT, while residential contractor Jay Reedy oversaw construction and renovation of the 1,032 homes over the course of 15 months in 2012 and 2013.

–Daily News staff

James Newsom Named Shelby County Chancellor

Memphis attorney James Newsom III is the newest Shelby County Chancery Court judge.

Newsom’s appointment by Tennessee Gov. Bill Haslam was announced Thursday, Sept. 3.

He fills the vacancy from the April death of Chancellor Oscar C. “Bo” Carr III.

A judicial selection commission took applications and interviewed all who applied. Haslam selected Newsom from the commission’s list of three finalists.

Newsom, 61, has been a member of the law firm Harris Shelton Hanover Walsh PLLC and served as a special master of Chancery Court.

– Bill Dries

Memphis Gets $1.9 Million for Rape Kit Testing

The city of Memphis was awarded $1.9 million in funding from the U.S. Department of Justice Thursday, Sept. 10, for rape kit testing.

The city applied for the funding; U.S. Rep. Steve Cohen led the move in Congress to create the pool of funding and increase it by $5 million last year.

The Justice Department’s National Sexual Assault Kit Initiative is a competitive grant program with a goal to reform the procedure local jurisdictions use in processing rape kits. Its specific focus is unsubmitted rape kits that have never been sent to a crime lab.

The Memphis Police Department and the city have been processing a backlog of more than 12,000 rape kits dating back to the late 1970s that were either partially tested or not tested at all. The effort to clear the backlog is more than halfway through.

– Bill Dries

Pinnacle Financial Partners’ Memphis Team Grows to 13

The Pinnacle Financial Partners team in Memphis – being assembled as a result of the Nashville-based company’s acquisition of Memphis-based Magna Bank – has grown to 13.

Pinnacle has added Phil Gray and Sherry Wood as senior vice presidents and financial advisers. They’re joining Pinnacle’s Memphis office on Quail Hollow Road, the latest additions to a team launched with a group that moved from First Tennessee in April.

Gray, who has 15 years of financial services experience, comes most recently from Bank of America. During his eight years there, his roles included serving as a commercial banking client manager and a treasury solutions officer. Gray also was a member of Bank of America’s Memphis market leadership council.

Wood has 18 years of experience and brings an 11-year career from First Tennessee to Pinnacle. At First Tennessee, she was a branch manager.

Pinnacle and Magna completed their merger Sept. 1. Magna will operate as a division of Pinnacle Bank until November, when the firms are scheduled to combine their operations.

– Andy Meek

Memphis-Based Binswanger Acquires Houston Company

Binswanger Glass has acquired a Houston-based contract glazing business, Signature Glass Inc.

Memphis-based Binswanger, an affiliate of private equity firm Grey Mountain Partners, announced the acquisition Wednesday, Sept. 9.

Signature Glass, which was founded in 1999 by Mike and Sandy Skobla, will continue to serve its Houston-area customers under a newly formed Binswanger subsidiary, Signature Glass Holdings LLC.

Tim Curran, president and CEO of Binswanger, said the acquisition is “representative of the strategic growth plan for Binswanger Glass, which comprises bolstering our presence in growing markets such as Houston, expanding into new geographies outside of our current footprint, and partnering with strong operators that have built a dependable team of glaziers.”

Binswanger Glass is a full-service designer, retailer and installer of architectural glass and aluminum products within the construction, residential and automotive markets. Founded in 1872, it has 66 locations across 15 states.

– Daily News staff

Oktoberfest 2015 to Be Held at Firehaus Beer Garden

High Cotton Brewing Co. is bringing its second annual Oktoberfest Memphis event to Downtown’s pop-up beer garden, Station 3: Memphis Firehaus. The converted fire station is the latest project of the group behind spring 2015’s Tennessee Brewery: The Revival. The beer festival will feature limited release High Cotton brews, live music from The Dead Soldiers and traditional Bavarian food prepared by Central BBQ. Presale tickets, available at oktoberfestmemphis.com, are $40 for “all-you-can-drink” beer admission and $10 for designated driver entry.

The event is held Oct. 3 from noon to 6 p.m. at the Memphis Firehaus site, 198 Dr. Martin Luther King Ave.

– Madeline Faber

University of Memphis Launches Effort to Recruit Nation’s Top 10 Percent

The University of Memphis is targeting students nationally in the top 10 percent of their graduating classes in a new recruitment effort: “Talented 10 Percent.”

The admissions program is part of the university’s goal to increase degree completion rates and generate new scholarship and innovation.

The effort will tout the school’s Carnegie Foundation classification as a research university with high activity. The university is the only Tennessee Board of Regents institution with the classification. It also has the largest honors program in the state.

Visit www.memphis.edu/talented10 for more information.

– Bill Dries

Poll Shows Wharton With Slim Lead in Mayor’s Race

A new poll by the Commercial Appeal shows the Memphis mayor’s race likely will be decided with the winner getting less than a majority and a critical percentage of voters undecided.

The poll, commissioned by the newspaper and conducted by Mason-Dixon Research, shows Wharton is the choice of 30 percent of 500 likely voters who were polled by telephone.

Memphis City Council member Jim Strickland snagged 25 percent and fellow council member Harold Collins and Memphis Police Association president Mike Williams each had 12 percent.

Another 15 percent said they were undecided five weeks before the Oct. 8 election day and 2 1/2 before the early voting period opens.

The poll has a margin of error of 4 to 5 percentage points. The likely voters were polled over three days from Monday, Aug. 31, through Wednesday, Sept. 2.

There is no runoff provision in the citywide race. In other words, whoever gets the most votes wins.

– Bill Dries

Colliers Tapped to Lease BankTennessee Building

The BankTennessee building in Downtown Memphis has a new management and leasing company.

Colliers International has been tapped to market and lease the 30,000-square-foot building at 30 N. Second St. It currently houses BankTennessee’s Downtown branch as well as the Daniel Law Firm, Memphis Bar Association and other legal professionals.

The fourth floor currently is available for lease and features a shared executive space with loft-like suites.

The structure was built in 1905 as the original home of the Commercial Appeal. WMC, one of Memphis’ first radio stations, occupied the top floor from 1923 to 1941. Dubbed the Welcome Wagon Building for five decades, it was purchased by BankTennessee in 2013.

– Daily News staff

Toyota Donates Camrys to Covington TCAT Center

Toyota Motor Manufacturing has donated two Camry sedans to the Tennessee College of Applied Technology in Covington.

Students will use the cars as training tools to learn about servicing and maintaining automobiles.

The cars were built at a Georgetown, Ky., plant; one is a hybrid model.

The Toyota Camry has been the nation’s top-selling car for 13 years. Youlanda Jones, TCAT Covington’s director, said the donation will help students work on the same type of equipment they will encounter in the field.

The donation announcement was coordinated with Toyota Bodine in Jackson, Tenn., where aluminum castings for the Camry’s engine blocks and transmission casings are manufactured.

Automotive technology is one of the programs offered at the Covington center, one of 27 such centers across the state.

– Bill Dries

Tennessee Promise Deadline Approaches

Three weeks after the state’s community colleges and colleges of applied technology welcomed the first Tennessee Promise scholarship students, the state is preparing for the second wave of students in the program.

Enrollment for the 2016-17 academic year opened Aug. 17 with a Nov. 2 deadline. Students can visit tnpromise.gov to apply.

Following that application, the students then have through Feb. 15, to apply for federal student aid, a requirement for the two free years of community college that Tennessee Promise offers to the state’s high school graduates.

Tennessee Promise scholarships go to students whose tuition and student fees are not covered by federal Pell grants, the state’s HOPE scholarship or the Tennessee Student Assistance Award Program.

– Bill Dries

Delano, Soulsville, Make SCORE Finalists List

Delano Optional School in Frayser, Soulsville Charter School in South Memphis and Covington High School in Tipton County are among the finalists for the fifth annual awards given by the State Collaborative on Reforming Education.

SCORE – a nonprofit collaborative education reform group chaired by former U.S. Senate Majority Leader Bill Frist – will recognize a single elementary, middle and high school, as well as a school district, as leaders in Tennessee student learning.

Delano Optional School is one of the three finalists in the elementary school category.

Soulsville Charter School and Covington High School are both finalists in the high school category.

The honors, which come with a $10,000 reward, will be announced Oct. 26 in Nashville.

“Each finalist is distinctive in how it is approaching the challenge of bringing higher academic achievement to students,” said SCORE president and CEO Jamie Woodson.

The finalists were selected based a weighted criteria selection process that included three years of student achievement data. In the case of the high schools, that data included ACT results, graduation rates and how many students went to college.

A selection committee will visit the finalists to get a closer look at the schools’ policies and practices.

– Bill Dries

Kroger Delta Division to Host Job Fair for Veterans

The Kroger Co. will host a nationwide job fair Tuesday, Sept. 15, aimed at hiring veterans and their families.

Kroger’s Memphis-based Delta Division has 700 jobs open for qualified applicants. Nationally, Kroger is hiring to fill 20,000 jobs.

Veterans and family members should fill out an application at jobs.kroger.com by Sunday, Sept. 13, and return it to a local store Tuesday between 10 a.m. and 1 p.m.

Kroger has hired more 29,000 veterans since 2009 as part of its company-wide Honoring Our Heroes program.

– Daily News staff

Overstreet to Receive University of Memphis Journalism Award

The Daily News Publishing Co. executive editor James Overstreet will receive the Charles E. Thornton award from the University of Memphis Journalism Alumni Club.

The two other Thornton award winners are Mike Pennington, journalist and communications counselor with PenNotes LLC, who is receiving the award posthumously, and Otis Sanford, the U of M’s Hardin Chair of Excellence in Managerial Journalism and political commentator for WREG-TV. Prior to his position at the U of M, Sanford was the Commercial Appeal’s managing editor.

Overstreet is a 1992 U of M graduate, and Pennington is a 1972 graduate.

The three men will receive the awards Wednesday, Oct. 14, at 7 p.m. at the Holiday Inn University of Memphis, 3700 Central Ave.

Two others will be recognized at the event. Amanda Mauck, digital marketing manager for Le Bonheur Children’s Hospital and a 2014 U of M journalism grad, will receive the Outstanding Young Alumna award. Aidan Porter, a current journalism student, will recieve the Emerging Young Journalist award.

– Daily News staff

Memphis Grizzlies Return to California for Camp

The Memphis Grizzlies will hold training camp for the 2015-16 season at the Robertson Gymnasium on the campus of the University of California, Santa Barbara, from Sept. 29 to Oct. 3.

This marks the first time that the Grizzlies have held training camp in Santa Barbara. Since relocating from Vancouver in 2001, the organization has held camp in Memphis nine times and has also traveled to San Diego (2014), Nashville (2013) and Birmingham, Ala. (2009), as well as Malaga, Spain (2007) and Barcelona, Spain (2003) as part of the NBA Europe Live Tour.

Coming off a franchise-record fifth consecutive playoff appearance, the Grizzlies will tip off the 2015-16 regular season, their 15th in Memphis, hosting LeBron James and the Cleveland Cavaliers on Wednesday, Oct. 28, at 7 p.m. at FedExForum.

The team’s seven-game preseason slate tips off Tuesday, Oct. 6, against the Houston Rockets at FedExForum.

– Don Wade

'Hair of the Dog' Fundraiser to Benefit Humane Society

A Cooper-Young restaurant is aiming to ease the Sunday morning woes of Saturday night revelers while raising money for a cause.

Celtic Crossing is hosting its fourth annual Hair of the Dog Brunch to benefit the Humane Society of Memphis & Shelby County. A canine-themed menu includes the Irish Wolfhound traditional breakfast platter. A portion of the proceeds will be donated to the Humane Society.

Dogs are welcome to attend the Sunday, Sept. 20, event, which will be held from 10 a.m. to 4 p.m. at Celtic Crossing, 903 S. Cooper St.

It is set for the day after the Cooper-Young Festival, one of the restaurant’s busiest weekends of the year.

– Daily News staff

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 800
MORTGAGES 0 0 952
FORECLOSURE NOTICES 6 6 101
BUILDING PERMITS 0 0 1,205
BANKRUPTCIES 24 36 527
BUSINESS LICENSES 0 74 240
UTILITY CONNECTIONS 1 1 338
MARRIAGE LICENSES 0 0 82

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.