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VOL. 11 | NO. 29 | Saturday, July 21, 2018

Daily Digest

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USL Memphis Team Name To be Announced Sept. 1

USL Memphis will soon have a team name. The new professional soccer franchise will unveil its team name and logo Sept. 1. Also part of the day: an exhibition match at AutoZone Park between Tim Howard’s Colorado Rapids of Major League Soccer against Tulsa Roughnecks FC of the United Soccer League at 7 p.m.

This will be the first professional outdoor soccer match in Memphis since 1980; Howard, a Memphis resident and a goalkeeper who has represented the United States Men’s National Team since 2002, has been serving as a consultant for USL Memphis. The first season for USL Memphis kicks off at AutoZone Park next spring.

Fans who have placed a USL Memphis 2019 season ticket deposit, or who place a season ticket deposit, will receive the first opportunity to secure tickets to the exhibition match. Season ticket deposits can be made at USL2Memphis.com/tickets or by calling 901-721-6000.

Single-game tickets for the exhibition, if available, will be for sale to the general public at a later date. More specifics of the logo launch, brand reveal, and exhibition match will be announced in the coming weeks. For details, visit USL2Memphis.com/soccershowdown and follow the team on Facebook, Twitter and Instagram.

– Don Wade

U of M to Host International Education Tech Conference

A conference that brings educators together with the latest innovations in educational technology has not come to the U.S. in more than a decade, but next year, members will be meeting up at the University of Memphis.

The U of M’s FedEx Institute of Technology has been selected as the 2019 host of The International Council for Educational Media’s annual conference Sept. 18-21, 2019.

“The ICEM is excited to bring our conference back to the United States for the first time in over 10 years,” said ICEM president Hannah Gerber. “This innovative conference brings leading educators from around the world together to see what is possible in educational media and technology. We look forward to holding this conference in Memphis and showcasing this dynamic city to the rest of the world.”

The conference is an opportunity for educators to discuss how the cutting edge, such as virtual reality and big data analytics, is changing the discipline of education technology.

“It is important for our university to take a leading role in building a brighter future for students at all levels of education,” said Jasbir Dhaliwal, U of M’s executive vice president for research and innovation.

The theme of the 2019 ICEM conference is “Emerging Innovations in Educational Media,” with a focus on the new possibilities in hardware integrations, sensor-based interactive classrooms and internationally scaled interactive training.

The city of Tallinn, Estonia, is the location of this year’s ICEM conference Sept. 5-7, hosted by Tallinn University.

The 2019 conference will be chaired by Trey Martindale, chair of Mississippi State University’s Department of Education, and Apple Distinguished Educators program member Otto Benavides.

– Daily News staff

River City Partnership Launches New Initiatives

The River City Partnership, a collaboration between the University of Memphis College of Education and Shelby County Schools, has launched two new initiatives this summer: a Master of Education degree program in Instruction and Curriculum Leadership and a Teacher Cadet Summer Bridge Program for SCS high school students.

The new initiatives are designed to bolster the mission of the River City Partnership, which is designed to improve teacher education, increase diversity in the teaching workforce and improve SCS student achievement. Both programs include a strong focus on social justice and equity in education while supporting the development of curriculum content and cultural competence.

Twenty elementary mathematics teachers from SCS will participate in the new Master of Education in Instruction and Curriculum Leadership. This intensive program will help teachers master the Eureka Math curriculum, improve their teaching skills and increase student achievement in math classes.

The Teacher Cadet Summer Bridge Program is a weeklong experience to help rising high school seniors from SCS learn about teaching careers in urban settings and explore programming at the U of M College of Education.

The new initiatives were collaboratively developed and designed by College of Education faculty and staff along with SCS administrators and practitioners. Support and insight were also provided by faculty in the College of Arts & Sciences and College of Communication and Fine Arts.

– Don Wade

Mid-South Fair Seeks Vendors and Exhibitors

The 2018 Mid-South Fair takes place Sept. 20-30 at the Landers Center, and fair organizers are seeking vendors and exhibitors of unique, quality products.

The more unique the products, the better.

“We’re gearing up for another great year at the 162nd Mid-South Fair and we are looking for unique, exceptional exhibitors to join one of the Mid-South’s iconic community events,” said Todd Mastry, executive director of Landers Center.

Interested applicants can download the a vendor/exhibitor application at midsouthfair.com.

Cost ranges from $1,000 for a 10-by-10-foot space to $2,200 for a 20-by-20-foot space.

Applications, full payment and insurance are due Aug. 31.

– Daily News staff

Orion Files Building Permit For New Downtown HQ

Orion Federal Credit Union has filed a $5.8 million building permit application for its new headquarters in the Memphis Medical District.

Located at 400 Monroe Ave., the building permit application for interior build-out lists Montgomery Martin as the project’s contractor.

Orion announced last year it would be the anchor office tenant for the $73 million mixed-use Bakery Development project, which consists of 86 upscale multifamily units, a 480-space parking garage and 150,000 square feet of office and retail space spread out across five parcels, including the former Wonder Bread factory.

– Patrick Lantrip

ServiceMaster Adjusts Earnings Projections

Memphis-based ServiceMaster Global Holdings adjusted its earning projections Tuesday, July 17, ahead of a July 31 earnings call because of a “spike” in contract claims in its American Home Shield division, said ServiceMaster CEO Nik Varty.

The spike was caused by higher-than-expected appliance replacement claims in the second quarter that increased claims costs by $4 million.

ServiceMaster attributes the higher-than-expected claims to “normal inflationary pressure” on the cost of repairs and more work orders driven by “significantly warmer summer temperatures.”

That has impacted ServiceMaster’s net income because there was a higher mix of replacing appliances covered by the warranties instead of repairing them.

As a result, the company is taking a $12 million adjustment to cover the first quarter of 2018 and the second half of 2017. The company is taking the adjustment in the second quarter.

Varty, in a written statement, said the company is taking several actions at AHS “including renegotiating appliance repair costs, increasing pricing to properly reflect the rise in replacements of appliances, and implementing processes to more dynamically price home service contracts.”

“We strongly believe that these actions, combined with new leadership and upgrades to processes that we’re making in connection with the late third-quarter spin of AHS, fully support the long-term attractiveness of the business and positions it for continued strong revenue and earnings growth in the future,” he added.

– Bill Dries

Grizz Take Guard Temple In 3-Player Trade With Kings

Trading McLemore, Davis, to Sacramento for veteran Garrett Temple

The Memphis Grizzlies are trading guard Ben McLemore, big man Deyonta Davis and a future second-round draft pick to the Sacramento Kings for guard Garrett Temple, according to ESPN’s Adrian Wojnarowski.

Citing league sources, the report said the Grizzlies and Kings had set up a call with the NBA on Tuesday to make the trade official. The Grizzlies’ roster now stands at 15 players, the NBA limit once the regular season starts.

The Grizzlies signed McLemore before last season to a two-year $10.7 million contract. He proved to be a major disappointment, averaging just 7.5 points with 0.9 assists in 56 games and shooting just 42 percent, 34.6 percent from 3-point range. McLemore returns to the team that drafted him No. 7 overall in 2013, but that after four less than inspired seasons did not retain him.

Davis is just 21 years old and the Grizzlies acquired him after the 2016 NBA Draft when Boston selected him with the first pick in the second round. Not only had Davis failed to show much development in two seasons with the Grizzlies, but he appeared overmatched at times in NBA Summer League play this year.

Temple, 32, is a 6-foot-6 perimeter player who has averaged 5.5 points and 1.7 assists in 439 NBA games with six different teams. He averaged a career-best 8.4 points last season for the Kings and shot 39.2 percent from deep.

According to ESPN, the deal cleared an additional $1 million in salary cap space for the Kings. Besides the cash considerations, the Grizzlies will also give Sacramento a 2021 second-round pick.

– Don Wade

Crosstown Concourse To Get Bitcoin ATM

Bitcoin will be adding a Byte Federal ATM inside the Crosstown Concourse location of Mama Gaia.

This will be the cryptocurrency’s eighth ATM location in Shelby County and the first in Crosstown.

Founded in 2008, Bitcoin is an electronic cash system that is completely decentralized and lacks a central authority. At the Byte Federal bitcoin ATM, users can check past transactions and balance, read the latest crypto news and convert dollars into Bitcoin, Ethereum, Dash and other cryptocurrencies.

To login, users need to bring a cellphone, driver’s license and any cash they wish to exchange.

“Cryptocurrencies are definitely going to be a part of the way we all do business in the future,” Philipp von Holtzendorff-Fehling, CEO and co-owner of Mama Gaia, said in a release. “Those who make up the younger generations especially want to see more opportunities that allow them to purchase cryptos.”

– Patrick Lantrip

Colliers Hired to Lease Lake District Office Space

Lake District developers Gilad Development Inc. has hired real estate brokerage firm Colliers International handle the leasing for the office portion of the 160-plus-acre mixed-use development.

In addition to the 65,000 square feet of Class A office space that Colliers will manage, the Lake District is projected to include 300,000 square feet of retail and restaurant space, two hotels, 240 custom-built single-family homes, 390 apartments and 168 age-restricted apartments.

“The potential for this development is endless, and we’re excited to be a part of a project that we know will be transformative for the city and, quite frankly, the entire state,” Colliers senior vice president of asset services Ron Riley said.

– Patrick Lantrip

Memphis News, Daily News Win 17 State Press Awards

The Memphis News and The Daily News won a combined 17 awards in the 2018 Tennessee Press Association State Press Contest. The competition is co-sponsored by the University of Tennessee.

The TPA awarded The Memphis News first place for Best Business Coverage, Local Features and Best Single Editorial.

The winning editorial was titled “Make the System Take Down Monuments.”

The Memphis News was awarded second place in Best Graphics and/or Illustrations for a portfolio of cover illustrations. The Memphis News was awarded third place for Best Single Feature, Best Feature Photograph, Best Personal Humor Column, Editorials, Best Sports Writing and Investigative Reporting. And, The Memphis News was awarded fourth place for Best Single Editorial.

The TPA awarded The Daily News first place for Best Sports Writing for Don Wade’s portfolio and first place for Local Features. The Daily News was awarded second place for Best Business Coverage and Best News Reporting, fourth place for Best Feature Photograph and fifth place for Best Breaking News Coverage.

The West Virginia Press Association judged 1,424 entries from 73 of the association’s 124 member newspapers.

Newspapers who won first-place awards in the categories of editorials, best single editorial and public service received $250 prizes from UTs Edward J. Meeman Foundation.

– Daily News staff

West Cancer Ctr. Awarded Highest Care Rating

West Cancer Center has achieved an accreditation shared with only 36 other cancer patient care facilities in the U.S. — an accomplishment the clinic has held since 2012.

The National Committee for Quality Assurance (NCQA) is the highest-level rating that recognizes the commitment of West Cancer Center physicians, associates and leadership to excellence as a patient-centric cancer center.

West Cancer Center’s East Campus on Wolf River Boulevard received the NCQA recognition first, with other locations to follow.

“Delivering the highest quality care and services to our patients at West Cancer Center has been and always will be our first priority,” said Erich Mounce, CEO for West Cancer Center. “Having the NCQA accreditation renewed is not a small feat, and we thank all the physicians and staff that are dedicated to improving the quality of our cancer care each day,”

NCQA is a private, non-profit organization dedicated to improving health care quality.

– Daily News staff

Faropoint Sells G'town Retail Center for $13M

Faropoint Ventures, doing business as Germantown Square Retail LLC, has sold a 142,000-square-foot retail building to Florida investor Nash Fields LLC for $12.6 million.

Located at 1245 N. Germantown Parkway, the retail center was 93 percent occupied at the time of the sale and is anchored by Incredible Pizza Co., Tile Shop, and L’ecole Culinaire.

NAI Saig Co. executive vice president Brian Califf represented Faropoint in the deal.

In May, Faropoint sold two Olive Branch retail centers for combined $9.2 million. At the time, Califf said Faropoint was looking to reinvest the proceeds from the sales into more Memphis properties as it gradually shifts its focus to buying exclusively office and industrial properties in the area.

– Patrick Lantrip

Paul Finebaum Staying at ESPN

ESPN has reached a multiyear contract extension with radio personality and Memphis native Paul Finebaum to remain a key player on ESPN and SEC Network. Finebaum will continue his presence across a number of network shows and programming, including as the host of “The Paul Finebaum Show” and as an analyst on “SEC Nation.”

Finebaum, long the most recognizable voice of the SEC, launched his show on ESPN Radio in August 2013. Complementing his daily hosting duties on “The Paul Finebaum Show” and weekly appearances on “SEC Nation” throughout the fall, Finebaum is featured on a variety of additional ESPN programming, including “Get Up!,” “First Take,” “SportsCenter,” “College Football Live,” “Finebaum Film Room” and “College GameDay.”

“Paul is one of the most compelling personalities on SEC Network and ESPN,” said Stephanie Druley, senior vice president, ESPN events and studio production. “His passion for the SEC and its fan base is evident every day. ...”

– Don Wade

Goodwood Brewing Expanding Into Memphis

Chattanooga-based Athens Distributing Co. is bringing Goodwood Brewing Co. barrel-aged and wood-touched beers to the Bluff City.

Beers from the Louisville-based brewery have been available in other Tennessee cities since 2007, according to CEO Ted Mitzlaff.

“Memphis is a wonderful city and has a growing craft beer scene,” Mitzlaff said, in a release. “Our portfolio spectrum will appeal to all segments, ranging from session beers for the volume drinker to high gravity brews for the serious craft beer lover.”

Memphians will have a choice of seven Goodwood Brewing products: Bourbon Barrel Ale, Louisville Lager, Walnut Brown Ale, Hemp Gose, Spruce Tip IPA, Brandy Barrel Honey Ale and Walnut Brown Ale.

– Daily News staff

PROPERTY SALES 0 133 1,342
MORTGAGES 0 131 1,047