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VOL. 131 | NO. 246 | Monday, December 12, 2016

Daily Digest

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Grizzlies GM Chris Wallace, Others Get Contract Extensions

Memphis Grizzlies controlling owner Robert Pera has announced that general manager Chris Wallace, executive vice president of basketball operations John Hollinger and executive vice president of player personnel Ed Stefanski have been signed to multi-year extensions.

Per team policy, terms of the contracts will not be disclosed.

“Chris, John and Ed bring a wealth of NBA experience and success, and have done a tremendous job establishing the strong culture that I believe is necessary to ensure sustained success in this ultra-competitive environment,” Pera said in a statement.

Wallace joined the Grizzlies as general manager and vice president of basketball operations on June 18, 2007, and assembled much of the talent that has helped guide the franchise to a club-record six consecutive playoff appearances.

Through trades, free agency and the draft, Wallace established a core that includes the franchise leader in assists, steals and games played Mike Conley; 2014-15 All-NBA First Team center and 2012-13 NBA Defensive Player of the Year Marc Gasol; two-time NBA All-Star (2009, 2012) Zach Randolph; five-time NBA All-Defense mainstay Tony Allen; and highly coveted free agent Chandler Parsons.

Prior to joining the Grizzlies, Wallace spent 10 seasons as general manager of the Boston Celtics (1997-2007) and four seasons as a scout with the Miami Heat (1993-97), where he was promoted to director of player personnel in his final season. Wallace worked in various scouting capacities for the New York Knicks (1991-92), Los Angeles Clippers (1990-91), Denver Nuggets (1989-90) and Portland Trail Blazers (1986-89).

Hollinger joined the organization as vice president of basketball operations on Dec. 13, 2012. Best known for his work at the forefront of basketball's analytics movement, Hollinger holds a prominent role in more traditional basketball functions such as scouting and medical support, while using his analytics background in analyzing personnel decisions such as trades, the draft, free agency and salary cap management. In addition, Hollinger oversees the Grizzlies’ analytics infrastructure and international scouting.

Stefanski joined the Grizzlies as executive vice president of player personnel on July 30, 2014, bringing to Memphis his well-earned reputation league-wide as an excellent evaluator of talent following management positions at the highest levels with the New Jersey Nets (1999-2007), Philadelphia 76ers (2007-11) and Toronto Raptors (2011-13).

– Don Wade

St. Benedict Achieves AP Capstone Status

St. Benedict at Auburndale High School will be offering Advance Placement seminar and research courses at the start of the next school year and will award AP Capstone Diplomas as part of the program.

The Catholic school in Cordova announced AP Capstone status Friday, Dec. 9.

The courses help students develop research, collaboration and communication skills at a college level and the AP Capstone diploma lets colleges and universities know those students have skills that involve critical thinking and the ability to analyze complex questions from many perspectives.

St. Benedict joins White Station High School and Houston High School in Germantown in offering the AP Capstone designation.

The high school becomes the eighth in the state to offer AP Capstone.

Principal Sondra Morris, in a prepared statement, said the program “gets a broader, more diverse student population ready for college and beyond.”

“The program gives our teachers more leeway with curriculum choices so their students can access more challenging coursework and sharpen their reading and writing skills,” she said.

The seminar course is taken before the research course and the students are usually in the 10th or 11th grade.

– Bill Dries

UTHSC Professor Wins Gates Foundation Award

Dr. Arash Shaban-Nejad, an assistant professor in the Department of Pediatrics at the University of Tennessee Health Science Center, has received a $100,000 Grand Challenges Explorations award from the Bill & Melinda Gates Foundation.

Shaban-Nejad will pursue a global health and development research project titled, “A Semantic Framework to Support Evolution and Interoperability.”

The Grand Challenges Explorations supports innovative thinkers worldwide to explore ideas that can “break the mold” in solving persistent global health and development challenges.

Currently, there is no reliable mechanism to consistently manage changes in distributed dynamic malaria data sources in developing countries, causing access and use difficulties.

Shaban-Nejad, along with a team of investigators, will develop an analytical framework to improve data and semantic interoperability, change management and evolution, and help integrate dynamic surveillance data from multiple sources and health systems to support real-time decision-making for malaria eradication and elimination.

– Andy Meek

Village Shops of Forest Hill Sold for $37.1 Million

A 360,000-square-foot commercial retail center in Germantown was recently purchased by Epic Real Estate Partners acting as EREP Forest Hill I LLC for $37.1 million.

The Village Shops of Forest Hill shopping center, located at 9155 Hwy. 72 at the intersection with Forest Hill Irene Road, was previously owned by Boyle Investment Co. and Milton T. Schaeffer acting as BIC-MTS Partners.

EREP also took out a $26 million loan with Wells Fargo Bank for the property.

Austin, Texas-based Epic Real Estate Partners was found in 2012 and has bought, managed and developed properties in 27 states totaling more than $400 million.

Memphis-based Boyle Investment Co. was founded in 1933 and specializes in land development capabilities for office, retail, industrial and residential properties.

– Patrick Lantrip

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 82 82 19,655
MORTGAGES 75 75 22,989
FORECLOSURE NOTICES 7 7 8,311
BUILDING PERMITS 138 138 40,167
BANKRUPTCIES 72 72 13,176
BUSINESS LICENSES 9 9 6,146
UTILITY CONNECTIONS 52 52 13,048
MARRIAGE LICENSES 30 30 4,872

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