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VOL. 130 | NO. 186 | Thursday, September 24, 2015

Daily Digest

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Memphis Election Update: Early Voting Up 78 Percent

Early voting in advance of the Oct. 8 election day had drawn 12,405 voters through Tuesday, Sept. 22. That’s a 78 percent increase compared to 6,965 early voters at the same point in the early voting period four years ago.

The 12,405 early voters are 3.4 percent of the city’s 364,577 voters.

Broken down by the city council district, 40 percent of the early vote is from the Midtown-East Memphis council District 5, with 2,847 votes and the Whitehaven-South Memphis council District 6, with 2,110 votes. The East Memphis-Cordova council District 2 has had 1,963 voters cast early ballots.

– Bill Dries

Michigan Company Makes Third Purchase in Six Months

Michigan-based ROCO Real Estate bought an apartment complex off of Mount Moriah Road, making its third purchase in the Memphis area in six months.

ROCO-Mt. Moriah LLC purchased a property at 2778 Pickering Drive for $5.5 million, according to a Sept. 18 warranty deed. The seller is listed as Delaware-based RRE Foxwood Holdings LLC.

According to 2015 information from the Shelby County Assessor of Property, the development is made up of 220 units totaling 211,910 square feet. Its appraisal comes in at $2.4 million.

In March, ROCO Real Estate operated as ROCO-Woods LLC in its $18.5 million purchase of two parcels making up The Woods at Ridgeway apartment community. In June, as ROCO-Lakes LLC, it purchased two parcels making up The Lakes at Ridgeway Apartments for $7.5 million.

– Madeline Faber

Chain Reaction of Executive Promotions at ServiceMaster

ServiceMaster Global Holdings Inc. has announced three executive promotions in its Memphis headquarters.

The company promoted Mark Barry to chief marketing and strategy officer; Tim Haynes as American Home Shield president; and Jamie Smith as chief information officer.

Smith is taking over Haynes’ former position while Haynes takes over Barry’s.

Barry has been with ServiceMaster since 2012 as president of the AHS home warranty business. Under his leadership, AHS’ customer base has grown nearly 15 percent to 1.5 million, which includes the 2014 acquisition of Wisconsin-based HSA Home Warranty.

Haynes had been senior vice president and CIO since 2014; he joined ServiceMaster in 2012 as vice president of IT. Jamie joined AHS as vice president of IT in 2014.

Memphis-based ServiceMaster’s portfolio of brands includes American Home Shield (home warranties), AmeriSpec (home inspections), Furniture Medic (furniture repair), Merry Maids (residential cleaning), ServiceMaster Clean (janitorial), ServiceMaster Restore (disaster restoration) and Terminix (termite and pest control).

– Daily News staff

Building Permit Pulled for East Memphis Office Complex

H & M Construction Co. Inc. has applied for a $1.6 million building permit for tenant alterations to Wright Medical Group Inc.’s facility at 1023 Cherry Road.

In 2013, owners RBM Cherry Road Partners bought the office buildings for $4.1 million. Renovated for Harrah’s in 1995, the property had been vacant since Harrah’s moved its Memphis corporate office to 7216 Goodlett Farms in 2006. The Goodlett Farms campus was subsequently vacated in 2008 when Harrah’s relocated its Memphis operations to Las Vegas.

The Class B complex consists of two buildings – one that’s 59,159 square feet and one that’s 54,397 square feet. The Shelby County Assessor of Property’s 2015 appraisal is $2.2 million.

– Madeline Faber

Women Business Leaders Highlight Salvation Army Panel

The Salvation Army of Memphis will hold a women’s networking breakfast next week that will feature an executive panel of female business leaders.

The 7:30 a.m. event on Wednesday, Sept. 30, will be held at the Kroc Center Memphis, 800 East Parkway S.

The panel includes: Carolyn Hardy, president and CEO at Henderson Transloading Services; Leigh Shockey, CEO of Drexel Chemical and chair of the Greater Memphis Chamber; and Susan Stephenson, co-chair and president of Independent Bank.

Tickets start at $35. Funds raised support the shelter and services programs of The Salvation Army of Memphis, including the Purdue Center of Hope, the city’s largest shelter for homeless and addicted women and their children.

For tickets or more information, visit salvationarmymemphis.org or contact Aaron Keegan at 901-260-9120 or aaron_keegan@uss.salvationarmy.org.

– Don Wade

Learning Provider Relocates to Carriage Crossing

LearningRx, a self-described “brain trainer,” has relocated its Germantown location to Collierville’s Carriage Crossing retail center.

LearningRx uses game-like exercises through one-on-one training to help kids and adults increase the speed, power and processing function of their brains. It can help those struggling with reading and learning as well as those with ADD, ADHD, dyslexia, Asperger’s syndrome and other autism spectrum disorders, among others.

The business’s new address is 4680 Merchants Park Circle, suite 214, in the 800,000-square-foot retail center along Tenn. 385 at Houston Levee Road.

– Daily News staff

New Event Center Coming to Memphis

Utah-based NOAH’s Event Venue has filed a $1.1 million building permit application to construct a one-story building at 3243 Players Club Parkway in Southeast Shelby County.

Gabriel Management Corp. is managing the construction of the facility, which will be located at the southwest corner of Players Club Parkway and Hacks Cross Road.

The national company has 29 locations across the U.S. and hosts weddings, corporate events and special occasions.

– Wendy Greenlaw, Chandler Reports

PROPERTY SALES 23 23 1,365
MORTGAGES 21 21 1,068
BUILDING PERMITS 117 117 3,173