August 16-22, 2013, Vol. 6, Issue 34

Emphasis: Commercial Real Estate

Speculative development has taken off in DeSoto County, prompting local brokers to wonder how Memphis can compete for new projects. • P. 2 0

Shelby • Fayette • Tipton • Madison ELVIS Fans Look Beyond Visitors paying homage to the King of Rock ‘n’ Roll want more than mansion tours • P. 7

City Eyes Sales Up, Island Permits growth Decline Expansion is Housing possible for market varies Presidents in county for Island. • P. 1 0 July. • P. 3 1 Great Orange Airport leader Hope? confident Memphis Don Wade looks at Butch airfares set to Jones and the improve Vols’ chances P. 1 8 of bringing respectability back to Knoxville.• P. 1 6 (Memphis News/Andrew J. Breig)

weekly digest: page 2 community: page 15 Inked: page 29 LAW TALK: page 30 EDITORIAL: page 38

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Yellin Appointed Chief The Memphis News | almanac Downtown hotel as a Sheraton, and the Of School Communications property is undergoing renovations to Emily Yellin, who wrote a bestselling bring that brand’s amenities and services. book on customer service titled “Your Call “Sheraton is delighted to be part of the August 16-August 22, 2013 Is (Not That) Important to Us,” is the new Memphis community with the opening This week in Memphis history: chief communications officer for Shelby of this terrific Downtown property, as County Schools. we continue to aggressively expand the Yellin’s appointment by interim brand in dynamic destinations world- >>>>> 2012: Memphis-based Pinnacle Airlines Corp. unveiled a new schools superintendent Dorsey Hopson wide,” said Hoyt Harper, global brand bankruptcy reorganization plan that included a 6 percent pay cut for was announced Thursday, Aug.15, and is leader for Sheraton Hotels & Resorts. nonunion employees. The airline had filed for bankruptcy reorganization effective immediately. “Sheraton Memphis Downtown Hotel will the previous August with a plan that did not anticipate Delta Air Lines Yellin takes the job as the school welcome travelers with a stylish, com- dropping its 50-seat jets as fast as Delta did after reaching a contract system has struggled with the opening of fortable and social atmosphere where agreement with union pilots that June. Pinnacle moved its headquarters the first year of the unified school district, they can enjoy all the brand’s recently from One Commerce Square to Minneapolis this past May. with parents complaining they can’t reach enhanced signature services and ameni- school officials to handle complaints ties in a convenient location near leading >>>>> 1993: On the front page of The Daily News, Thomas and Betts Corp. about transportation problems and other Memphis attractions.” formally opened its new corporate headquarters in the Lynnfield Office issues. Sheraton Memphis Downtown Hotel, Park moving from its Bridgewater, N.J., headquarters. The manufacturer Because of the success of her book at 250 N. Main St., is connected to the of electric components had recently merged with American Electric, about customer service, Yellin has worked Memphis Cook Convention Center and which already had operations in Memphis. Thomas & Betts employed as a consultant to companies across the is within walking distance to Downtown 1,300 people at the time, including those working at its distribution nation on such issues. restaurants, art galleries, boutiques and center in Byhalia and a factory in Southaven. The Central High School graduate, nightclubs. The hotel was originally a who lives in Memphis, has also worked Holiday Inn Crowne Plaza before being >>>>> 1977: Elvis Presley died at Baptist Memorial Hospital after he was as a reporter covering the Southeastern converted to a Marriott. found unconscious in the upstairs bathroom at Graceland, his home in for The New York Times. She Owned by Host Hotels & Resorts Inc., has also written for Time magazine, The the Sheraton Memphis Downtown Hotel Whitehaven. Washington Post, Newsweek, Smithson- features 14,000 square feet of meeting ian magazine, Memphis magazine and space, 600 guest rooms, a full-service res- >>>>> 1966: The Beatles played two shows at the Mid-South Coliseum, The Memphis Flyer. taurant and lounge and an indoor pool. an afternoon and evening show. Tickets were $5.50. Memphis was the The hotel is managed by Atlanta-based eighth stop on what would be the band’s last tour. The appearance drew Davidson Hotels & Resorts. pickets by robed members of the Ku Klux Klan, and then-Memphis Downtown Marriott The Sheraton Memphis Downtown Mayor William Ingram asked the band to cancel the shows because of Rebrands as Sheraton Hotel will feature the brand’s Link@Shera- comments John Lennon had made comparing the Beatles to Jesus. Starwood Hotels & Resorts Worldwide ton experienced with Microsoft social hub Inc. has rebranded the Memphis Marriott and a Link Café.” The guest rooms will

Join the Team and Share the Pennies!

Josh Pastner, Head Coach, Men’s Basketball

By adding a few extra pennies to your bill each month, you can help a neighbor in need through the MLGW/MIFA Share the Pennies program. When you sign up to give, your donation helps elderly and disabled customers receive emergency energy efficiency repairs to their homes. As a thank you for joining the Share the Pennies team, you’ll receive a coupon for a FREE 4-pack of Compact Fluorescent Lights redeemable at participating The Home Depot sponsored by stores. To enroll in Share the Pennies, go online to mlgw.com/sharethepennies or call MLGW Customer Relations at (901) 528-4887. www.thememphisnews.com August 16-22, 2013 3

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be upgraded to include Sheraton Sweet Welcome Wagon building, also has been Overton Square for more than 15 years,” students. Sleeper beds, oversized work desks, er- renamed the BankTennessee Building. said Carey D. White, senior vice president Collage dance Collective was founded gonomic chairs, high-speed Internet and In related news, the Memphis Bar of asset management for Loeb Proper- in New York City in 2006 and relocated to LCD flat-screen televisions. Association is relocating its offices during ties, who represented the landlord. “We’re Memphis in 2007. the fourth quarter from Brinkley Plaza, 80 happy that the Singh family’s cuisine will MRI Interventions Posts Monroe Ave., to the building. continue to contribute to the unique Univ. of Memphis Offers Strong Second Quarter Overton Square experience.” Teacher Residency Program Exports Increase Bob Loeb, president of Loeb Proper- Memphis-based MRI Interventions ties, is one of the restaurant’s customers. Memphis schools in the state-run posted record disposable product reve- $300 Million in First Half “I’m a regular at their lunch buffet,” Achievement School District will use nue, added to its installed base, advanced Tennessee’s exports increased 1 per- Loeb said. “They grow many of their own teachers from the University of Memphis its activities in drug delivery trials and cent in the first half of the year, setting a herbs and vegetables, and they are a de- College of Education, Health and Human continued to expand its sales and market- new record for the state. lightful host family.” Sciences in a residency program agree- ing platform in the quarter ended June 30, The International Trade Administra- Loeb is pumping more than $20 mil- ment. the company announced. tion says exports were $16 billion, up $300 lion into Overton Square to transform The residencies in the Ready2Teach MRI is a commercial-stage medical million from the same period last year. the area into a vibrant theater, arts and program are for a year. The program itself device company focused on creating The biggest export gains were in- entertainment district. is a four-year undergraduate teacher- innovative platforms for performing the creases of 60 percent to Singapore, 26 preparation program that includes Com- next generation of minimally invasive sur- percent to the United Arab Emirates, 26 Collage Summer Social mon Core standards. gical procedures in the brain and heart. percent to South Korea and 17 percent to Memphis Teacher Residency and The company reported $497,000 in to- the Netherlands. Celebrates 2013 Successes Teach for America are already operat- tal product revenue in the second quarter, The Intentional Trade Association’s Collage dance Collective’s 4th An- ing teacher residency programs across up 71 percent from $291,000 in the sec- Commercial Service has 100 offices in the nual Summer Social and Jazz Brunch is the consolidated Shelby County Schools, ond quarter of 2012. MRI Interventions United States – including in Nashville, scheduled for Aug. 25 and will include charter schools and the Achievement CEO Kimble Jenkins said the company’s Knoxville and Memphis – and in Ameri- performances by Kirk Whalum and Otis School District. ClearPoint installed base also continues can embassies and consulates in more Faithful, as well as dishes prepared by to expand, as it added three new installa- than 70 countries. Erling Jensen. US Home Foreclosures tions in the second quarter. The event, happening from 1 p.m. On Track for 6-Year Low Golden India Renews to 4 p.m. at , BankTennessee Buys showcases Collage’s professional dance The U.S. is on track to end the year Overton Square Lease company and the Collage Ballet Conser- with the fewest homes repossessed by Downtown Bank Building Overton Square restaurant sta- vatory, comprised of local students. lenders in six years, a trend that should BankTennessee has bought the bank’s ple Golden India has renewed its Collage recently moved to the Broad help limit the negative impact foreclo- Downtown Memphis office building at 30 1,690-square-foot lease at 2097 Madison Avenue Arts District, and donations from sures have on home values. N. Second St. Ave. a Kickstarter campaign helped to update Lenders repossessed 36,964 U.S. The property, once known as the “Golden India has been a part of the dance studio for the company and homes last month, down 31 percent from Available Property Marshall County, H&M Company, Inc.

 Up to 5,000,000 Square Feet  Zoned Industrial- All Utilities Roxul USA Inc.  I-269 Under Under Construction - Construction Less than 1 mile from Sites  Norfolk Southern Intermodal Yard - 2 miles from Sites

For more information, please contact: Roger Cook • 731.935.9993 • [email protected] Gene Williams • 731.664.6300 • [email protected] 4 August 16-22, 2013 www.thememphisnews.com

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Fewest Workers Since 2007 Commission Sets Timetable July last year, foreclosure listing firm Real- tance, according to a survey released tyTrac Inc. said Thursday. Seek Jobless Benefits Thursday by Charles Schwab Corp. For Filling Board Vacancy At the monthly average pace through The number of Americans seeking un- Of those surveyed, 89 percent said In a five-minute special meeting July, completed foreclosures are projected employment benefits dropped 15,000 last they are relying on themselves for retire- Wednesday, Aug. 14, Shelby County Com- to total nearly 490,000 this year, down week to a seasonally adjusted 320,000, ment funds once they stop working full missioners approved a timeline for filling roughly 27 percent from last year, the firm the fewest since October 2007 – a sign of time. Five percent said that they are rely- the vacant District 6 seat on the county- said. That’s also the lowest since 2007, dwindling layoffs and steady if modest ing on the government and 4 percent said wide school board. when 404,849 homes were taken back by job growth. that they are relying on a spouse. Sixty- The commission will interview ap- banks. The Labor Department said Thursday one percent of respondents said that their plicants for the appointment during its Foreclosures peaked in 2010 at 1.05 that the less volatile four-week average 401(k) savings will be their only or largest Aug. 28 committee sessions and make the million and have been declining ever fell 4,000 to 332,000, the fewest since source of retirement savings. appointment at its Sept. 9 meeting. since. The trend has been accelerating as November 2007 and the fifth straight The figures are based on an online The vacancy was created when school U.S. home prices have increased amid decline. survey of 1,004 workers, between the board member Reginald Porter resigned a resurgent housing market, steady job Companies are laying off fewer work- ages of 25 and 75, who contribute to their this month to become chief of staff to gains and still-low mortgage interest ers, a trend that has lowered applications employer’s 401(k) plans. interim schools superintendent Dorsey rates. for unemployment benefits 14 percent The results show that people aren’t Hopson. this year. But hiring is still sluggish, result- banking on social security or other gov- As of Wednesday afternoon, no one Radian Partners Acquires ing in only modest net job growth. ernment assistance to help them make it had applied for the vacancy. Gazelle Wealth Management At the depth of the recession in March through their golden years. 2009, weekly applications for unemploy- As a result, workers are boosting their Magevney House Memphis-based regional wealth ment benefits numbered 670,000. They retirement funds. Fifty-five percent of management firm Radian Partners LLC have fallen steadily ever since. respondents have increased their savings To Reopen in September has acquired Gazelle Wealth Management Nearly 4.6 million Americans received in the last two years. Seventy percent say Eight years after it was closed to the of Union City. unemployment benefits in the week that that their 401(k) is in better shape than public by the city of Memphis, the Ma- Terms of the deal were not disclosed. ended July 27, the latest period for which ever before. gevney House will reopen Sept. 7. Radian, which was started in 2004, data are available. That’s about 66,000 Although most retirement savings The limited opening of the historic operates offices in East Memphis and more than in the previous week but took a hit during the financial crisis, home at 198 Adams Ave., part of the city’s Franklin, Tenn. The firm has been grow- nearly 20 percent less than a year ago. 74 percent say that their 401(k)s have museum system, will be from 1 p.m. to 4 ing by about 100 clients each year and recovered about as fast or even faster than p.m. on the first Saturday of each month. has about $150 million in assets under Workers Going it Alone expected. Tours of the house and garden will take management. For Retirement Funds about 40 minutes. The Gazelle acquisition brings more 83 Tenn. School Districts The house was built in 1852 and was than 100 clients totaling assets of between When it comes to funding their retire- the home of Eugene Magevney, who was $14 million and $15 million under the Ra- ments, most workers say they will need Awarded Federal Funds a school teacher during his first years in dian banner and extends the company’s to come up with the money themselves The Tennessee Department of Educa- Memphis and later became wealthy from service area into northwest Tennessee. rather than rely on government assis- tion is giving local school districts $8 mil- real estate holdings in the city. lion in federal education funds. Tours of the historic Magevney House The money will be awarded to 83 were one of the first casualties of city bud- districts that have chosen to participate get cuts in 2005 during the administration in the First to the Top Scope of Work of then-Memphis Mayor Willie Herenton. Supplemental Fund. The funds are part of the more than $500 million the state won DeBerry’s House Seat three years ago in the national Race to the Top education grant competition. Goes to Special Election Officials say the districts chose to im- The District 91 State House seat, for- Celebrate What’s Right plement at least one innovative program merly held by the late Memphis Democrat or strategy in three categories: teacher Lois DeBerry, will be filled with a special Creating World Class Public Education evaluation, implementation of the com- primary election Oct. 8 and a special gen- mon core state standards and student eral election Nov. 21. assignment. Tennessee Gov. Bill Haslam issued These areas reflect priorities of the the election writ Tuesday, Aug. 13, in state’s Race to the Top grant. Nashville for the seat, following DeBerry’s The districts have chosen strategies death last month from pancreatic cancer. such as conducting the February writing DeBerry was the longest-serving assessments online in grades 3-11 and member of the House and of the Shelby using two observers for at least one of a County delegation to Nashville. She was teacher’s mandatory observations. first elected in 1972. Chris Barbic Dorsey Hopson II Brad Martin

A discussion with Dorsey Hopson — Interim Superintendent of Shelby County Schools and Chris Barbic — Superintendent of the Achievement School District, the two leaders at the nexus of urban education in Memphis. Moderated by Brad Martin — Interim President, University of Memphis. ATTENTION! Wednesday, September 11, 2013 Noon-1:30 pm THE HARDEST SALES Holiday Inn, University of Memphis 3700 Central Ave CAREER YOU’LL Single tickets - $30 Table of 8 - $240 Purchase tickets at www.newmemphis.org/events EVER LOVE Realistic Six Figure Potential Sponsored by Overnight Travel Required Contact (866) 326-4309 or [email protected] www.thememphisnews.com August 16-22, 2013 5

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Postal Service Revamps Haslam Names Martin Candidates for the seat have until mayor in Knoxville for both Haslam and noon Aug. 29 to file their qualifying peti- Priority Mail Program Finance Commissioner Mayor Daniel Brown. His responsibilities tions with the Shelby County Election The financially struggling U.S. Postal Gov. Bill Haslam has named Larry included finance, public works and com- Commission. Service is revamping priority mail as part Martin the new commissioner of the state munity development. The winner of the special general elec- of its efforts to raise revenue and drive Department of Finance and Administra- tion in November will serve to the end of new growth in its package delivery busi- tion. He has been the interim commis- Metropolitan Bank Hires 2014, which is the remainder of DeBerry’s ness. sioner since June 1. The 65-year-old suc- term of office. All state house seats are on The agency is offering free online ceeded Mark Emkes, who retired in May. Two in Memphis the 2014 ballot for regularly scheduled tracking for priority mail shipments, free Martin joined the governor’s staff last Metropolitan Bank has brought on elections to two-year terms of office. insurance and date-specific delivery so year as a special assistant to the governor two additions in Memphis. David Hertlein customers know if a package will arrive in and helped oversee implementation of has joined the bank as a mortgage Panel of Real Estate one, two or three days. Haslam’s civil service reform legislation. specialist, and Stephanie Maness is the Postal officials say they expect the From September 2006 to December newest client services adviser. Both are ‘Sharks’ to Vet Proposals changes to generate more than a half-bil- 2011, Martin served as deputy to the working in the Poplar Avenue office. Following the zany “Sharknado” movie lion dollars in new revenue annually. The on the Syfy Channel and Shark Week on changes – including redesigned boxes and the Discovery Channel, the Urban Land envelopes – are effective immediately. Institute Memphis and the Memphis Area Association of Realtors Commercial First ‘Neighborfood’ Event Council will be pitting real estate projects against investment predators in the area’s Happening Aug. 24 first Shark Tank event. The inaugural “Neighborfood” event is The event, tailored after the popular happening Aug. 24 from 2 p.m. to 6 p.m. television shows, allows real estate profes- That’s when foodies will explore sionals to present project plans to a panel Downtown Memphis by eating at eight of “sharks,” investors who will provide different restaurants all within walking feedback on the proposals. distance. The participating restaurants The Shark Tank event is scheduled will each offer one special dish, and spe- for Sept. 24 from 5:30 p.m. to 7:30 p.m. at cialty cocktails will be offered at various Theatre Memphis. Only two projects will locations. be selected to take part. Go to memphis. The Daily News is a co-sponsor of the uli.org/events to register, or call 264-0579 event, and a portion of the proceeds will for more information. Proposals should benefit House of Mews, a nonprofit cat be submitted by Monday, Aug. 19. sanctuary in Cooper-Young. Tickets can be bought at www.dish- WKNO Gallery Hosts crawl.com/nf, and the $15 price includes admission and one ticket good for the Art League Exhibition choice of food or drink. Gallery Ten Ninety One at the WKNO Bundled ticket packages are available Digital Media Center is featuring the at discounted prices online. Memphis/Germantown Art League’s bien- nial National Exhibition through Aug. 29. Tennessee Shakespeare Co. The exhibit features 66 pieces from artists across 14 states. Works include Expanding Volunteer Guild two-dimensional art displayed in a variety Tennessee Shakespeare Co. has put of mediums, including oil, watercolor, out a call asking for new participants for acrylic and mixed media. its volunteer guild, The Groundlings. They’ll be juried and judged by Leslie An orientation meeting is scheduled Frontz, an artist and instructor from for Aug. 20 at 8 p.m. at St. George’s Episco- North Carolina. pal Church in Germantown. The Memphis/Germantown Art The Groundlings assist with ushering League is a nonprofit organization that and merchandise/concession sales. They supports artists and others interested also help with food and drinks for projects in visual fine arts with contributions to and events, provide assistance for the individuals and to the community. Valentine’s Gala, support the production crew and help house actors who come Mississippi Official: Agency here from around the country. Groundlings receive free tickets to Ignoring Fraud Victims each show, an invitation to the dress A Mississippi official says the U.S. rehearsal and post-dress rehearsal mixer, Securities and Exchange Commission has monthly newsletters via email and exclu- failed to distribute $100 million to 39,000 sive merchandise, among other things. investors in several states who lost money because of fraud by a financial firm. Memphis CPA Firm Read to your baby. Secretary of State Delbert Hosemann says the federal agency has ignored inqui- Unveils New Website ries about the money. He filed a brief last Memphis-based CPA firm Reynolds, It’s amazing how much week supporting a federal suit that seeks Bone & Griesbeck PLC has unveiled a new to force the SEC to distribute the funds. website designed by 305 Spin Inc. you’ll both learn. Memphis-based Morgan Keegan & Co. Features of the new website, www. agreed in June 2011 to pay $200 million to rbgcpa.com, include a resource center settle civil fraud charges that it overstated with a database of articles, brochures and the value of mortgage investments as the newsletters. There’s also a list of career housing market collapsed. opportunities and a comprehensive list of Hosemann says Alabama, Kentucky, services provided. Mississippi, Tennessee and South Caro- The firm’s services include financial lina distributed $100 million to victims in statement audits, tax return prepara- 2012, but the other $100 million remains tion, regulatory examination support and in a fund at the SEC. more. Go to TUCI.org for a copy of the Parents Guide to Kindergarten Readiness. 6 August 16-22, 2013 www.thememphisnews.com

contributors August 16-22, 2013, VOL. 6, NO. 34 news

Professional Services

President & CEO bill dries Peter Schutt Senior Reporter

Government, Education, Manufacturing, Agribusiness HR Industry General Manager Emeritus 528-5277 | [email protected] Ed Rains

Publisher Eric Barnes Facing Evolving

Associate Publisher & Executive Editor James Overstreet Challenges Managing Editor Lance Allan Wiedower andy meek Senior Reporter Jennifer Johnson Backer “The commandment to treat everyone Deputy Managing Editor Banking/Financial Services/Accountants, Markets & Economy, [email protected] equally now has a footnote or a caveat on Eric Smith Economic Development, Small Business it,” Patten told The Daily News in an earlier 528-5279 | [email protected] interview. “There are now major categories Associate Editor Kate Simone he Obama Administration’s Equal where you have to consider treating cer- Employment Opportunity Com- tain employees specially, and not treating Graphic Designer & Photo Editor T mission has taken an aggressive everyone equally.” Brad Johnson approach to improving diversity in the Criminal background checks aren’t ille- workforce, said Paul Patten, a partner with gal, but employers are advised to individu- Graphic Designer Jackson Lewis LLP in Chicago. ally evaluate each candidate. The EEOC Yvette Touchet In recent years, the EEOC has focused has issued guidance that makes it clear jennifer JOHNSON backer on employment practices that have a dis- employers must take into account the Senior Production Assistant REPORTER Sandy Youngblood proportionate impact on minorities and seriousness of the offense, the time lapsed Health Care/Biotech, Transportation/Distribution/Logistics, the disabled, said Patten, who delivered since the offense and the relevance of the Attorneys/Courts/Civil Litigation, Nonprofits Production Assistant 528-8622 | [email protected] the keynote speech at the Human Resourc- crime to the specific job being sought. Laurie Beck es Rules and Legal Ramifications seminar Some audience members had con- hosted by The Daily News on Thursday, cerns about EEOC policies that clash Public Notice Director DON FANCHER Aug. 8, at the Memphis Brooks Museum with state and local laws that bar people of Art. That renewed focus on increasing with criminal records from working with Senior Account Executive diversity in the workforce is challenging children, the elderly and other vulnerable JANICE JENKINS longstanding human resources practices, populations. he said. While those laws vary widely by state Account Executive “The EEOC is focusing on neutral rules and at the local level, Patten said many LUCY BLACKMON AMOS MAKI REPORTER that are not discriminatory on their face areas of disparate impact law remain hazy based on race or sex,” he said. “What they and challenging for employers – especially Business Development Manager Commercial and Residential Real Estate, Architects/Engi- Patricia mckinney neers/Construction are saying is that these rules, they may as companies await more guidance from 521-2464 | [email protected] make sense, they may be neutral, but in the EEOC on certain areas. Director of Marketing & Advertising the end, they are not friendly to disabled The EEOC also has targeted employ- DONNA WAGGENER people or to racial minorities.” ers that refuse to extend an employee’s The EEOC’s renewed leave of absence beyond Marketing Manager focus on human resources the 12 weeks extended by Leah Sansing practices that dispropor- the Family and Medical

Controller/Human Resources tionately hurt minorities Leave Act. Employees with PAM MALLETT and the disabled has had a serious health condition DON WADE consequences for employ- may request an extended Administrative Specialist SPORTS COLUMNIST ers that automatically leave of absence under the MARSHA PAYNE deny people jobs based Americans with Disabili- [email protected] on arrest or conviction re- ties Act, which protects Circulation Coordinator KAYE KERR cords. Last year, the EEOC employees with disabili- issued guidance that ties from discrimination in Production/Distribution Manager advised employers against the workplace. The EEOC JOHN BUESCHER the use of blanket crimi- has challenged employers nal background checks to PATTEN who do not make reason- Pressman weed out job applicants. able accommodations to CEDRIC WALSH According to the EEOC, about one out accommodate employees who need more Andrew J. Breig of every 106 white males will serve prison time to get well after a prolonged illness or Pressman PHOTOGRAPHER PETE MITCHELL during his lifetime. That figure drops to to care for an immediate family member, Weekly features, spot news one out of every 36 for Hispanic males, Patten said. [email protected] Published by: and one out of every 15 for African-Amer- Ray Stitle, chief people officer of Mono- THE DAILY NEWS PUBLISHING CO. ican males. gram Foods, and seminar panelist, said his 193 Jefferson Avenue Memphis, TN 38103 To reach our editorial department, e-mail: “The EEOC looks at these statistics and approach to human resources has evolved [email protected] or call: 901-523-1561 P.O. Box 3663 says with everyone doing criminal back- in the last decade. Memphis, TN 38173-0663 Tel: 901.523.1561 ground checks – it’s too hard for African- “We now go out of our way to find ways Fax: 901.526.5813 Americans and Hispanics to get jobs,” to keep people,” he said. “We’ve found new www.memphisdailynews.com Patten explained. ways to be flexible.” The Daily News is a general interest newspaper covering business, law, The Daily News is supportive, including in some case The EEOC recently sued Goodlettsville, Stitle said that includes making sure being on the boards of, the following organizations: government, and real estate and Tenn.-based Dollar General and a U.S. unit literacy tests administered to non-native development throughout the Memphis Literacy Mid-South, Grace St. Luke's Episcopal metropolitan area. School, Conservancy, Ronald McDonald of German automaker BMW AG, alleging English speaking employees don’t have House, Great Outdoors University, Tennessee Wildlife The Daily News, the successor of the Daily Federation, Temple Israel, St. Jude's, St George's the companies refused to hire applicants cultural barriers, and using standardized Record, The Daily Court Reporter, and The Independent Schools, Shelby Residential & Vocational with criminal records, when the compa- and federally recognized programs like E- Daily Court News, was founded in 1886. Svcs, Park, Calvary & The Arts, Bridges, Boys & Girls Club of Greater Memphis, Binghampton nies should have individually considered Verify to make sure employees are eligible AUDIT PENDING Development Corporation, U of M Journalism Dept., each applicant. The lawsuits said the to work in the U.S. Chickasaw Council Boy Scouts, Memphis Leadership Foundation, Junior Achievement, companies’ practices disparately impact If the system flags an employee, Stitle Conservancy, and WKNO. blacks, who have higher arrest and convic- tion rates than whites. recap continued on P32 www.thememphisnews.com August 16-22, 2013 7

news

Tourism Earnings ServiceMaster ndrew J. Breig) J. A ndrew Reports Q2 (Memphis News/ Operating Loss

Bill Dries [email protected]

he ServiceMaster Co. reported a $564 million operating loss Wednesday, T Aug. 14, for the second quarter of its fiscal year, in a quarter that CEO Rob Gillette said did not meet expectations. The Memphis-based residential and commercial services company, which in- Mary Harris from Dayton, Ohio, signs the wall in front of Graceland during Elvis Week. cludes the Terminix, TruGreen lawn care and American Home Shield brands, posted $939 million in operating revenue, a 2.4 percent decline in operating revenue from the same time last year. Gillette, who became CEO in June, at- tributed most of the losses to continuing problems at TruGreen. He said the company’s Beyond Graceland other brands and divisions “performed as we expected.” Elvis fans look elsewhere for signs of singer’s Memphis life “As we’ve said, TruGreen is going through some challenges,” Gillette said in prepared remarks to analysts during a Wednesday Bill Dries [email protected] conference call. “But it’s largely self-inflicted. Unfortunately, we did this to ourselves. Right now, we’re focused on stabilizing the busi- raceland – the Whitehaven and other resort-type retail. resulted in Shaw and Grossman return- ness, then getting it back on a path toward mansion and the artifacts in it CKX, which includes the American ing to Memphis this year with their growth and improved profitability.” G – is not for sale. Idol television franchise, was bought in “Memphis Map for Elvis Fans.” And TruGreen president David Alexan- But 85 percent of Elvis Presley 2011 by Apollo Global Management, an Many of the sites are no longer der said that will mean changing some of Enterprises, the corporation that oper- asset management and equity firm that standing, and memories of those the 2012 measures the company took under ates Graceland and owns the rights to has since changed its name to CORE around in the Memphis of the 1950s, previous CEO Hank Mullany. the entertainer’s image, royalties and Media. The Financial Times newspaper ’60s and ’70s vary as to where those TruGreen’s problems were the first focus publishing on his music, is for sale as reported in May that CORE has hired buildings were. of Mullany’s year-and-a-half-long tenure as another Elvis Week reaches its end. Raine Group LLC to handle a possible For Shaw, the most elusive site was CEO, replacing the head of the division with Lisa Marie Presley, the daughter sale of its majority interest in Elvis the old Palumbo Café where Presley the leader of the company’s more successful of the entertainer who died at Grace- Presley Enterprises as well as its stake met Tom Parker, his longtime manager, Terminix division on what was supposed to land 36 years ago, on Friday, Aug. 16, in Muhammad Ali Enterprises. Neither for the first time. be a temporary assignment. responded immediately to a reporter CORE nor Graceland has responded to “It is across from Ellis Auditorium. It became a permanent assignment as earlier this month that hip-hop su- the reports. I knew that from the books. I had to go new systems ServiceMaster put in at Tru- perstar Kanye West was interested in Meanwhile, visitors to Graceland, to city directories from that year and Green became difficult to integrate. Alexander buying the house. Via her Twitter ac- who in many cases weren’t born when find the address,” Shaw said. became TruGreen president in December. count, @LisaPresley, she responded two Presley died, are increasingly looking For Grossman, there was what Alexander indicated Wednesday that there weeks ago: “As I have said b4 Graceland for a larger context of Elvis’ life here. seemed to be an easier task – tracking are still integration issues that contributed to and all of its artifacts are all mine and The first time Andrea Shaw and down the store where Presley bought a 6.3 percent drop in revenue for the quarter always will b,” she tweeted. Alan Grossman of New York City came the furniture in the Jungle Room at from a year ago. Chemical expenses were up The 2013 Elvis Week marks the sixth to Memphis it was to check off an item Graceland. because of service delays and a cold and wet year that a majority percentage of Elvis on their bucket list. “Any number of experts told us it’s spring. That meant TruGreen had to re-treat Presley Enterprises has been either in a “Years ago we got a Priceline ticket over here or it’s over there,” he said. “It many lawns later in the season. holding pattern or for sale. to Memphis for $49. We could spend was only at the end that Sue Mack … “The prolonged nature of the operating Robert Sillerman and his company, 36 hours here,” Shaw said. “We went to located a receipt from the store. … That systems issues have created new issues,” Alex- CKX Inc., bought the 85 percent share Graceland, and . was one of the things that bedeviled us ander told analysts on the call. “And that now of the business in 2005. Plans for a $250 We figured we could just check Mem- for a long time.” leads us to believe that fixing the issues will million expansion followed in 2007 phis off our list of places to visit.” The map prompted Elvis fans to take us longer than previously expected.” just before the national recession hit Then Peter Guralnick’s definitive swarm them at Humes High School He warned analysts that the turnaround and Sillerman struggled to keep the two-volume biography of Presley – during the unveiling of a historic mark- of TruGreen will continue to affect the com- plan alive in some form. Elvis Presley “Last Train to Memphis: The Rise of er at the school. For now they have pany’s numbers for the rest of the calendar Enterprises bought several apartment Elvis Presley” and “Careless Love: The no plans to digitize the map. They see year. He also said he has made “a number of complexes in the area of the mansion Unmaking of Elvis Presley” – came out more value in something a person can key changes of our leadership team.” and demolished them. The company’s and they found numerous references to hold and get a perspective on Memphis Alexander said other measures include plan was to transform a complex on the other locations. as they go deeper than Graceland. tiered lawn care plans to better meet custom- same side of Elvis Presley Boulevard as “We came down assuming you “What we discovered was that Elvis ers’ particular needs. Graceland into the starting point for could find a map or a guidebook like fans didn’t have to see Elvis as I did as a For the quarter, TruGreen had revenue of mansion tours. That would have left those Hollywood maps,” Shaw said. kid on the Ed Sullivan show,” Grossman $307.6 million, which is down 12.4 percent the plaza area across the street open for “And there was nothing. So we started said. “We also discovered Memphis and from a year ago. Its quarterly operating per- development, including several hotels, doing research.” that Memphis is a city that has more formance of $22.4 million was a 74.6 percent a performance center and restaurants The research over three years than just Elvis – its music.” drop from the prior year. 8 August 16-22, 2013 www.thememphisnews.com

Health Care & Biotech New Life Transplant reversal gives Memphian healthy future

Richard Alley Special to The Memphis News

fter her mother died tized,” meaning antibodies in her would be only the second time of heart failure, Anissa body would fight certain proteins such a reversal of transplanta- A Swanigan began experi- on the cell surfaces in the donor tion had ever been done; the first encing rapid heartbeats and was heart and rejection of that organ was at the Mayo Clinic in 2011. told to chalk it up to anxiety. With would almost be a given. On Mother’s Day weekend, a (Photo courtesy of Mayo Clinic) a pregnancy a year later, she was “Not everybody has signifi- donor became available. A team told she had hypertrophic cardio- cant antibodies to other people, of surgeons and nurses worked Memphian Anissa Swanigan is just the second person to have a heart and liver transplant done in reverse – liver before heart. myopathy, a congenital disease but we can develop these kinds of for 12 to 14 hours to complete the that results in a thickening of the antibodies, especially if we’ve had process. heart muscle. blood transfusions or in women “The choreography of the stand what’s going on, she said, hopefully getting back to her job “I could barely walk from my that have had children, or some- transplant had to be very precise “They just know that Mama was teaching in the business depart- garage to the driveway. Things times we just don’t know why,” so that we were ready to put the sick.” ment at Southwest Tennessee were bad,” she said. Richard Daly, cardiovascular liver in as soon as the organs ar- She looks forward to “being Community College. She said In 2009, Swanigan had a right surgeon and team lead on Swani- rived, and simultaneously getting with my kids, just a normal day she also would like to work with heart catheterization to deter- gan’s surgery, said by phone. ready so that as soon as the liver with my kids, being able to run an organization that advocates mine how well the organ was “Some people have antibodies to was in we could start putting the and play with them, take them to for others suffering from heart performing. When the diagno- a large portion of the population, heart in,” Daly said. the park, just simple things.” disease. Daly hopes that one day sis came in, she said, she was and when that occurs, if some- For the 41-year-old Swanigan, Daly said that she can expect there will be a way to artificially “devastated, shocked. I tried not body has antibodies to 80 or 90 the lead-up to the surgery may a normal life as a transplant replicate the transplant reversal to think about it. You’re praying; percent of the population then, of have been the most difficult part patient. he and his team performed on you’re hoping that somebody course, getting a donor is much, of her ordeal. There is the waiting “Patients are generally better Swanigan. In the meantime, both made a mistake.” much more difficult.” and the wondering – an organ after transplant because they’re are passionate about the impor- She would need a heart trans- In any multiple organ trans- donor can come at any time, day dying from an organ that’s failing. tance of organ donation, and plant. A subsequent life-threaten- plantation involving the heart, or night, and both organs had to … Transplant improves their urge everyone to agree to it. ing liver disease would require a it is the first to be transplanted, come from the same donor. But quality of life and their progno- “We’re in a situation where liver transplant as well. which reduces the amount of she is also the mother of two boys sis,” he said, though he’s quick to we’re watching people die and we The want of a second opinion time the organ is outside of the – Siddiq, 5, and Ilyas, 4 – home in point out that “transplant doesn’t don’t get a chance to do trans- took her to the Mayo Clinic. Since body. To combat Swanigan’s sen- Memphis with family. She hasn’t cure you.’” plants for them,” Daly said. August 2012, Swanigan has been sitivity, however, the liver would held them since April; they talk Swanigan can look forward to Swanigan is living proof as to a regular visitor to the hospital be transplanted first in an effort on the phone and visit via Skype. a lifetime of immunosuppression the positive results. She’s up and in Rochester, Minn., and she has to soak up and reduce the major- “We hug the computer when medicines and their side effects, about and exercising, ready to been living there since February. ity of the antibodies and mitigate we want to give each other a and regular doctor visits and test- return home. To further complicate mat- the chance that her body would hug,” she said by phone from ing. But she can also look forward “I feel great. I’m truly ters, Swanigan is “highly sensi- immediately reject the heart. It Rochester. Too young to under- to a life with Siddiq and Ilyas, and blessed.”

Trying to Figure Out the New One Thing

Now that earnings season has es- in economic and earnings acceleration. With the ECB backstopping sovereign region. The Asian version of the Citigroup sentially ended, the stock market needs Does the economic environment justify bond markets and governments reducing Economic Surprise Index has likewise a new muse. The next earnings season this view? the austerity of their austerity plans, the headed higher. begins in early October. In between, European economy has received some analysts will tweak models and revise The USA breathing room. After being in recession The Global Mosaic forecasts, but real data releases overpow- With the drag of “the sequester” dissi- for the last 18 months, Europe appears According to JP Morgan, global busi- er estimate releases. In mid-September, pating, the pathway forward for U.S. GDP to be transitioning to growth. The OECD ness activity hit a 16-month high in July. the Fed will either reduce bond purchases growth rates should improve. The OECD expects growth of 1.1 percent for in 2014 Whether the uptick can be traced to the or buy more time. President Obama will now sees 3 percent-plus growth in the in in the Eurozone, compared with a 0.6 delayed impact of quantitative easing, choose between the over-politicized Lar- 2014. The IMF sees 2.7 percent for 2014, percent decline in 2013. The IMF predicts reduction in sovereign austerity pro- ry Summers, the over-dovish Janet Yellen a full percentage point higher than just under 1 percent growth. The Euro- grams, a restocking of lean inventories or or the over-qualified Don Kohn to its 2013 forecast. Given that pean version of the Citigroup Economic pent up consumer demand is irrelevant. succeed Ben Bernanke as the next estimates for 2013 cluster Surprise Index has surged into positive The U.S. and Europe have upshifted and Fed head. We will also soon revisit around 2 percent, expecta- territory since mid-July. Asia has bounced. Given that all of our Washington’s favorite debate over tions are for a meaningful ac- economies are interdependent, a global the debt ceiling. celeration in 2014. The recent Asia Pacific pickup in business activity should rein- Each of these policy and encouraging economic Skepticism over China’s ability force regional pick-ups as well. For now geo-political decisions news has caught many to transition from an investment-led the direction of the stock market seems will undoubtedly stoke David S. Waddell economists by surprise. economy to a consumption-led economy aligned with the direction of the global volatility. However, with the worldly The Citigroup Economic has clouded the economic view of the economy. U.S. markets trading at investor Surprise Index, which entire region. However, recent releases rich valuations, and bond tracks whether data out of China depict an economic bounce. David Waddell, who is regularly fea- markets poised for higher rates, the one beats or misses expectations, recently hit Imports, exports, retail sales and factory tured in the Wall Street Journal, USA Today thing that truly deserves marketplace at- its highest level of the year. production have risen strongly. China and Forbes, as well as on Fox Business tention is the quality and direction of the now appears safely on course to grow 7.5 News and CNBC, is president and CEO of global economy. The markets have priced The Eurozone percent in 2013, which will support the Memphis-based Waddell & Associates. www.thememphisnews.com August 16-22, 2013 9 Money&Markets Extra There was a time when airline stocks with the gains for airline stocks, a lot of Have volatile oil prices lost their ability Airline CEOs have talked about Insider had more ups and downs than the it has to do with very solid, bottoms-up to ruin airline profits? making their companies stable Q&A airlines themselves. Bankruptcies and fundamentals. Volatile oil prices are and remain a investments with consistent returns. Airline strikes made airline stocks more of a gift to this industry, in the sense that it Are they delivering? speculative bet than an investment. But Are big airlines threatened by no-frills forces capacity discipline on the most Absolutely. Institutional investors are the airlines have changed, focusing more airlines like Spirit and Allegiant? irrational competitors. Airline stocks clearly rewarding the behavior of the opportunities on profits and stability, and analysts are Spirit and Allegiant are not threats. have become correlated with oil prices management teams through multiple beginning to give them credit. Investors Allegiant has monopoly service on more over the last three years, not inverse to expansion of the stocks. The balance are noticing, too. The airlines followed by than 90 percent of its routes, so they’re oil prices, because airlines are showing sheets look cleaner, the cash flow Wolfe Research analyst Hunter Keay really just competing with themselves. a better ability to pass along oil prices, transparency looks better. People are are up 40 percent this year. And Spirit’s strategy is to serve big and the higher oil prices are a reflection focusing on longer-term investment cities, but with infrequent flights. So of a strong economy. horizons in these companies, and that’s Is there more room to grow? we avoid these turf defense situations, a direct function of management chang- Absolutely. As long as margins continue which is what has historically caused If U.S. air travel is saturated, where ing the way they run their businesses. to expand, the stock prices will continue airline margins to compress and their can U.S. airlines find bigger profits? It’s not just talk. The change is being to work. The multiples at which they trade stock prices to go down. I don’t view Profits are going to come from one-off reflected clearly in the value of these are so depressed relative to the broader them as a threat, I just view them as international expansion, probably to enterprises. market. With the obvious realization that carrying the passengers that the larger emerging markets, as well as more fees we’re in the midst of a huge bull market airlines have less and less of a desire to and add-on services from more mature Interviewed by Joshua Freed. run here, which inevitably has a lot to do carry themselves. markets. Both are generally high-margin. Answers edited for content and clarity. AP

BEHIND THE BRAND WEIGHT WATCHERS (WTW) The soda slump Customers thin out Weight Watchers International tries focusing on cutting costs, and Americans are cutting back on soft drinks and it’s not gain. Coca-Cola and PepsiCo are seeing their diet soft to help customers shed unwanted recently lowered its outlook for the just because of the sugar. drinks decline faster than regular soft drinks. That’s pounds. But it’s the company’s client year. U.S. soda sales have been declining possibly a sign of a growing concern about list that’s dropping numbers. New CEO: The New York company since 2005, including diet sodas, and the safety of artificial sweeteners. The company was founded in 1963 promoted one of its executives, there aren’t any signs of a turnaround. Options in the beverage aisle are grow- by Jean Nidetch, who began hosting James Chambers, to CEO in Coca-Cola, PepsiCo and Dr Pepper ing, especially energy and sports drinks. meetings with friends in her New York August. A former executive with Snapple all sold less soda in the second Monster Beverage has enjoyed a great home to discuss how best to lose snack food and candy makers Kraft quarter compared with a year earlier. run, but has been slowed in the last year weight. Now, millions attend similar and Cadbury, he joined Weight That was despite a spate of new by regulatory issues and litigation about its meetings at strip malls and other Watchers in January. advertising and lower-calorie drinks the Monster Energy drink. Monster is among locations listed online. companies have been rolling out. Coca- the companies boosting sales by selling But fewer people have been New Strategy: Weight Watchers Cola even started airing ads addressing other types of drinks, such as teas, and signing up for Weight has plans to deliver criticism that its drinks make people fat. expanding into emerging markets where Watchers programs, its services directly But the concerns go beyond weight people don’t yet drink as much soda. and the company faces to physicians. a slowdown in its online Chambers is Less fizz Coca-Cola’s North American soft-drink sales are declining. Annual U.S. consumption business as it contends expected to unveil (quarterly change in volume compared with a year earlier) (gallons per person) with increased details on that and 1% 60 competition from free other growth flat flat flat 0 flat social apps. As a result, strategies in management has been November. -1 40 Sports drinks -2 Diet soda Bottled water All soda -3 20 -4 Thursday’s close: $36.00 -5 0 40,000+ ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’03 ’05 ’07 ’09 ’11 Price-earmings ratio: 9* number of Thursday’s Market Total return P/E YTD stock change: -31% weekly weight-loss close 52-week range value ^ ratio* YTD 1-yr 10-yr YTD S&P 500 change: 20% group meetings Monster Beverage (MNST) $58.58 $40 $66 $10 bil. 11% 0% 65% 32 Revenue 2012: $1.8 bil. held by Coca-Cola (KO) 39.09 36 43 173 bil. 9 2 9 21 Revenue 2013 (est.): $1.7 bil. (-6%) Weight Watchers PepsiCo (PEP) 80.91 67 87 125 bil. 20 15 9 19 S&P 500 20 23 8 15 24.9 million Attendance at Weight Watchers meet- Sources: Beverage Digest; FactSet *based on trailing 12 months’ results ^annualized Candice Choi; J. Paschke • AP ings through June 29, down 16 percent from a year earlier.

Source: FactSet Data through Aug. 15 *Trailing 12 months’ results Alex Veiga • AP

LocalStocks 52-WK RANGE CLOSE YTD% 1YR% 52-WK RANGE CLOSE YTD% 1YR% COMPANY TICKER LO HI CLOSE THUR. %CHG WK MO QTR CHG RTN P/E DIV COMPANY TICKER LO HI THUR. CHG %CHG WK MO QTR CHG RTN P/E DIV AT&T Inc T 32.71 3 39.00 34.35 -.42 -1.2 t t t +1.9 -1.9 26 1.80 Medtronic Inc MDT 39.93 9 55.98 54.33 -.87 -1.6 t t s +32.4 +40.1 15 1.12f t t t AutoZone Inc AZO 341.98 8 452.19 420.06 -8.49 -2.0 +18.5 +20.0 16 ... Merck & Co MRK 40.02 8 50.16 47.97 -.60 -1.2 t s s +17.2 +13.2 26 1.72 0 s s s BancorpSouth BXS 12.55 20.48 19.97 -.13 -0.6 +37.3 +39.1 23 0.04 Mid Amer Apartments MAA 60.38 2 74.94 62.35 -.84 -1.3 t t t -3.7 -0.8 20 2.78 Boyd Gaming BYD 4.75 8 14.50 11.92 -.16 -1.3 t t s +79.5 +104.1 dd ... Monsanto Co MON 82.70 6 109.33 98.05 +1.03 +1.1 s t t +4.0 +14.3 21 1.72f Buckeye Technology BKI 23.52 0 37.93 37.25 +.05 +0.1 s t s +29.7 +25.3 16 0.36 Mueller Inds MLI 42.43 9 58.15 55.09 -.92 -1.6 t s s +10.1 +29.1 20 0.50 Community Hlth Sys CYH 24.32 7 51.29 41.89 -1.12 -2.6 t t t +36.3 +75.7 18 0.25e 8 t t s Corrections Corp CXW 25.82 6 39.90 33.44 -.46 -1.4 t s s +12.6 +28.9 21 1.92 Navistar Intl NAV 18.17 38.81 33.20 -.36 -1.1 +52.5 +34.6 dd ... t s t Cummins Inc CMI 85.88 0 128.30 124.72 -2.79 -2.2 s s s +15.1 +28.4 17 2.50f Nike Inc B NKE 44.83 9 66.85 63.49 -.86 -1.3 +23.0 +37.3 24 0.84 Delta Air Lines DAL 8.42 9 22.05 19.53 +.49 +2.6 t t s +64.5 +105.8 8 0.24 Pinnacle Entert PNK 10.62 0 22.79 21.93 +.08 +0.4 s s s +38.5 +102.7 dd ... s s s Dillards Inc DDS 71.69 6 94.86 84.49 +5.53 +7.0 +0.9 +13.9 11 0.20a Regions Fncl RF 6.19 9 10.52 9.81 -.14 -1.4 t t s +37.6 +42.0 12 0.12 0 t s s Dover Corp DOV 54.90 88.70 87.11 -1.44 -1.6 +32.6 +57.8 16 1.50f Renasant Corp RNST 16.53 8 28.19 25.76 -.81 -3.0 t t s +34.6 +53.8 22 0.68 DuPont DD 41.67 0 60.40 58.74 -.63 -1.1 t s s +30.6 +21.9 12 1.80 Smith & Nephew PLC SNN 50.74 0 61.66 60.85 -.67 -1.1 t s s +9.8 +20.1 77 1.31e Education Realty Tr EDR 8.95 1 11.77 8.97 -.11 -1.2 t t t -15.7 -14.4 90 0.44f Smucker, JM SJM 77.30 9 114.72 110.43 -2.14 -1.9 t s s +28.0 +47.4 22 2.32f FedEx Corp FDX 83.92 0 110.33 108.04 -.59 -0.5 t t s +17.8 +24.7 22 0.60f 9 t s s Fst Horizon Natl FHN 8.27 9 12.75 11.93 -.15 -1.2 t t s +20.4 +43.5 20 0.20 Suntrust Bks STI 24.62 36.29 34.38 -.60 -1.7 +21.3 +41.1 9 0.40 s s s Freds Inc FRED 12.30 8 17.71 16.46 -.40 -2.4 t t s +23.7 +13.8 20 0.24a Synovus Fincl SNV 1.95 0 3.52 3.42 -.02 -0.6 +39.6 +75.8 dd 0.04 GTx Inc GTXI 3.29 3 7.24 4.28 -.06 -1.4 t t t +1.9 +22.9 dd ... Sysco Corp SYY 29.34 5 36.05 32.48 -.55 -1.7 t t t +3.5 +12.1 19 1.12 s s s Ingram Micro IM 14.77 0 23.63 23.21 -.18 -0.8 +37.2 +49.8 13 ... Trustmark TRMK 20.76 8 27.98 26.30 -.36 -1.4 t t s +17.1 +15.5 15 0.92 9 t t s Intl Paper IP 32.95 50.33 47.34 -1.56 -3.2 +18.8 +46.9 20 1.20 Tyson Foods TSN 14.91 0 32.40 31.47 -.33 -1.0 s s s +62.2 +104.1 15 0.20 Isle Capri Casino ISLE 4.75 7 8.79 7.45 -.06 -0.8 s t t +33.0 +23.7 dd ... UPS class B UPS 69.56 8 91.78 85.96 -.87 -1.0 t t t +16.6 +17.9 60 2.48 Kellogg Co K 49.92 9 67.98 64.46 -.96 -1.5 t t s +15.4 +32.2 25 1.84f Utd Technologies UTX 74.44 9 107.86 102.99 -2.07 -2.0 t s s +25.6 +38.5 15 2.14 Kirklands Inc KIRK 8.26 8 19.61 16.33 -.95 -5.5 t t t +54.2 +68.9 21 ... 4 t s s Kroger Co KR 21.57 9 39.98 38.01 -.81 -2.1 t t s +46.1 +76.4 13 0.60 Valero Energy VLO 27.89 48.97 35.93 -.81 -2.2 +5.3 +43.1 9 0.90f s t t LifePoint Hosp LPNT 34.37 7 53.29 47.32 -.83 -1.7 t t t +25.4 +23.3 20 ... Verso Paper Corp VRS 0.71 2 2.05 .85 -.01 -1.2 -20.6 -39.9 dd ... Macy’s Inc M 36.30 7 50.77 46.30 -.03 -0.1 t t t +18.7 +23.4 13 1.00f Wright Medical Grp WMGI 18.89 6 28.41 24.00 -.34 -1.4 t t t +14.3 +19.3 dd ...

Dividend Footnotes: a - Extra dividends were paid, but are not included. b - Annual rate plus stock. c - Liquidating dividend. e - Amount declared or paid in last 12 months. f - Current annual rate, which was increased by most recent dividend announcement. i - Sum of dividends paid after stock split, no regular rate. j - Sum of dividends paid this year. Most recent dividend was omitted or deferred. k - Declared or paid this year, a cumulative issue with dividends in arrears. m - Current annual rate, which was decreased by most recent dividend announcement. p - Initial dividend, annual rate not known, yield not shown. r - Declared or paid in preceding 12 months plus stock dividend. t - Paid in stock, approximate cash value on ex-distribution date. PE Footnotes: q - Stock is a closed-end fund - no P/E ratio shown. cc - P/E exceeds 99. dd - Loss in last 12 months. 10 August 16-22, 2013 www.thememphisnews.com

Rich Doesn’t Transportation Mean Successful Expanding Horizon Ray’s Take Society tends to equate the possession of City, county push for Presidents Island rail project riches with a happy, successful life and the pursuit of riches as the best course to achieve success. That’s a rather limited definition, however, and real- Amos Maki [email protected] ity doesn’t bear it out. Studies show that the 100 richest people in this country are only slightly more satisfied with their lives than the average person. As the saying goes, “money doesn’t buy happiness.” So if wealth doesn’t necessarily

translate into success, Breig) J. A ndrew what does? That’s something very individual. For dif- (Memphis News/ ferent people, suc- cess means different things. For some it may mean ray & dana Brandon amassing a lot rays of wisdom of money, for others it means doing what you love, or leaving the world a better place. There are countless ways to define success. It all depends on the individual. The point is that it is a worthy exercise to examine and try to determine what success is for you, set your goals accordingly, and then decide on strategies to achieve the success you want. It’s a lot like the process you go through to develop your financial plan. Both involve some trial and error to figure out what works for you. In fact, your deci- sions about the success goals you want to achieve will have a major impact on that financial plan. The two go hand-in-hand. Cargill and other entities on Presidents Island would benefit from a $69.5 million expansion project. A person who has stripped down life to the bare necessities in order to devote more time to a beloved activity like surfing or painting should be considered just as successful as the CEO of The Port Commission The Port Commission has ap- reached capacity. a Fortune 500 company, and is probably far less has applied for a $35.3 plied for a $35.3 million grant from “This gives us the ability to build the U.S. Department of Transporta- it now and get ahead of the pack,” stressed to boot. While those are two extremes, million grant from the finding the right balance between financial gain and tion. Other parties, including Cargill Wharton said. the success of personal satisfaction is a process we U.S. Department of and Canadian National Railway The project would relieve rail all should strive to achieve. Transportation. Other Co., could contribute $34.2 million congestion – which can affect rail After all, there’s no point in being rich if you’re parties, including Cargill toward the rail expansion, leading to switching yards as far way as St. not fulfilled; and if you’re not fulfilled, how can you and Canadian National, an additional 1,500 acres of devel- Louis and Cairo, Ill. – and provide say you are truly successful? opable land on Presidents Island, more storage room. Cargill spent could contribute $34.2 which currently has 1,000 developed $500,000 in 2010 moving rail cars Dana’s Take million toward the rail acres. around to avoid congestion. You can look at success as either a destina- expansion, leading to an If the project does not win ap- The 1,500 acres targeted for tion or a process. Maintaining a fixed definition of additional 1,500 acres proval for all or some of the grant, expansion presents a unique op- two smaller expansion efforts are portunity to offer large chunks of success can lead to stagnation and even depres- of developable land on under consideration. property to industrial users, said sion. If you look at success as a process, it could Presidents Island, which One option is a $38 million rail Shelby County Mayor Mark Luttrell. be defined as continuing to achieve your ultimate currently has 1,000 expansion to serve Cargill, a project The city and county own 85 percent potential as an individual. Once you successfully that would not produce any new de- of the property being eyed for the achieve your goal in one area, you can move on to developed acres. veloped land. The other is a $45 mil- expansion. another. lion expansion that would produce “As vast as our county is, finding You could measure these successes by achiev- 500 new acres of developable land. suitable property to expand our ing temporary, tangible goals like running a mara- The $69.5 million expansion industrial footprint has become thon or catching an eight-pound bass. Alternately, project would include roughly increasingly difficult,” Luttrell said. you could set goals where ultimate success takes he city and county mayors 80,000 linear feet of railroad tracks The expansion would involve a your entire lifetime, like a happy marriage, spiritual are aggressively pushing for starting at roughly the entrance to massive construction effort to either discovery or perfecting your golf swing. support for a major expan- Presidents Island and encircling build up the vacant land or form a The quest for success, and the sense of satis- T sion of Presidents Island, including 1,500 acres of undeveloped land. levee. City and county officials say faction it brings, is a motivating factor that helps a concerted effort to bring city and Completed in 1957, the 7,500- the project would create more than keep one engaged with life and community. You county legislators on board. acre Presidents Island area is home 800 constructions jobs and 4,000 can look back with pride on what you’ve achieved, “It represents an opportunity, to the Port of Memphis and has jobs once the site is completely built but there is always a new goal to keep you looking not just in the immediate years to a $7.1 billion annual economic out. forward to the future. come, but for decades to come,” impact. It is home to 173 businesses U.S. Rep. Steve Cohen, D-Mem- Memphis Mayor A C Wharton Jr. and 4,000 jobs. Major employers phis, said the federal grant process told members of the Memphis City include Valero and Cargill, among was highly competitive but that Ray Brandon is a certified financial planner and Council and Shelby County Com- others. feedback from Washington has been CEO of Brandon Financial Planning (www.bran- mission during a Wednesday, Aug. After decades of sometimes positive. donplanning.com). His wife, Dana, has a bachelor’s 13, briefing at City Hall. painstaking growth, Presidents “This is going to be more like degree in finance and is a licensed clinical social The most aggressive plan under Island – which features an 8-mile- the (University of Memphis) Tigers worker. Contact Ray Brandon at raybrandon@bran- consideration, a $69.5 million long harbor with the 1,000-acre, football team going to a bowl game donplanning.com. expansion project, could more than water-fronted industrial park – has than the Tigers basketball team double the developed space in the only 200 acres of developable going to the (NCAA) tournament,” industrial area. land available, and rail service has Cohen said. www.thememphisnews.com August 16-22, 2013 11

Health Care & Biotech Financial Services FDA Rejects Wright Bone Graft Shelby County Mortgage Market Jennifer Johnson Backer [email protected] Up 22 Pct. in July

right Medical Group Inc. said Aug. 8 that the U.S. Andy Meek Food and Drug Administration rejected its Aug- [email protected] W ment Bone Graft product for use as an alterna- tive in foot and ankle fusion procedures. The company was seeking approval of Augment Bone Graft as an alternative to he month of July may help buoy expec- taking bone from one part of a patient’s body and using it in tations among optimistic participants another area, a procedure known as autograft. T in the mortgage industry that a housing The FDA said the population enrolled in Wright Medi- recovery is taking hold in Shelby County. cal’s clinical trial was low-risk and may not have warranted Mortgage volume for the month was up the use of either autograft or Augment Bone Graft. The regu- almost 22 percent in July, climbing to almost latory agency said it would be willing to re-evaluate the use $173 million last month from $142.2 million in of Augment Bone Graft after a new clinical trial that evalu- July 2012, according to real estate information ates the use of the product in a high-risk target population, (Memphis News/Andrew J. Breig) company Chandler Reports, www.chandler- where the use of an autograft transfer would be clinically The U.S. Food and Drug Administration’s decision to reject reports.com. warranted. Wright Medical Group Inc.’s Augment Bone Graft product The number of actual mortgages made “When you get a letter like this, you’re shocked and has company leaders “shocked.” during the month was 948, up from 826 in July you’re disappointed and you try to think about what we’re 2012. The average mortgage amount rose to going to do next,” Wright Medical president and CEO Bob regulatory approval of Augment Bone Graft for use in foot $182,214 last month from $172,197 in July 2012. Palmisano said on a conference call with investors and ana- and ankle fusion procedures. The product already is being Last month’s mortgage totals likewise saw lysts. “So I’m trying to calm our folks down to make sure that used in overseas markets including Australia and Canada, improvements over the previous month’s we’re going to take this calmly and logically and to work with she said. numbers. The number of mortgages made the agency and find out where they are and what would be “My understanding is that they have left the door open from June to July rose to 948 in July from 810 needed going forward.” for management to go back to talk to the FDA,” Wuensch in June. The average mortgage amount was The blow comes as the Arlington-based company has said. “I think management was shocked, and they were down a little ($182,214 in July from $183,773 in spent the last 19 months focusing on growing its foot and pretty forthright about that on the call.” June) but the total volume got a healthy bump, ankle extremities business. In June, Wright Medical an- Wuensch said FDA’s decision shouldn’t have any impact hitting $173 million in July from almost $149 nounced the sale of its hip- and knee-implants business to on the OrthoRecon sale to MicroPort Scientific. million in June. OrthoRecon, a unit of Shanghai-based MicroPort Scientific “They are completely different things,” she said. Year to date, mortgage volume in Shelby Corp., for $290 million in cash. Palmisano has previously Even if Augment Bone Graft never gets approval, Palmi- County was about $802 million, up from about said the sale will allow Wright Medical to focus on its break- sano said Wright Medical still plans to focus on the medical- $703 million during the same period in 2012. through biologic opportunities as a high-growth extremities device extremities business. Those gains correspond to improvement company. When asked about how far the company will go to "Our plan is to be a pure-play extremities bio company," in local home sales, which Chandler numbers seek FDA approval of its Augment Bone Graft product in foot Palmisano said, adding that the company hopes to replace show were on the ascent in July. Shelby County and ankle fusion surgeries, Palmisano told analysts it’s too revenue lost from the MicoPort deal as soon as possible. He saw 1,695 home sales last month, up 19 percent early to say. said the company is eying mergers and acquisitions, includ- from 1,420 sales in July 2012. “I wish I could give you a specific answer as to what the ing overseas. “It seems like volume is definitely picking line in the sand is here, but I just don’t know,” he said. Jeff Johnson, an analyst with Robert W. Baird & Co., said up,” said Triumph Bank president and CEO BMO Capital Markets analyst Joanne Wuensch said he was maintaining a “neutral” rating on the stock but trim- Will Chase. “The volume of home purchases Wright Medical still has a healthy franchise of biologic prod- ming his 12-month price estimate to $27 on the news that ucts that are growing by double digits – even without the the FDA had refused to approve Augment Bone Graft. chandler continued on P32

Fundraising Success: More Than ‘Feel Good’

This is part two of a two-part interview. years, and they did as much for me as I the business model doesn't work.” operate without engagement.” could ever do for the organization.” That goes for the board as well. The Bruns closed with his perspective on Success in business is not enough. In Youth Villages, also headquartered in biggest challenges Bruns has experienced board members’ reluctance to fundraise. fact, nonprofit involvement – and giving Memphis, is a leading national nonprofit arise when board members “When a board member is not – can be a greater “buzz” than continued dedicated to providing the most effective don’t know what is expected prepared, and is not person- business growth. “After becoming reason- local solutions to help emotionally and of them. “That has to be ally passionate, the gifts ably able to share, a person realizes that behaviorally troubled children and their done on the front end. he solicits become a ‘trap’ the buzz you get from sharing can be families live successfully. You can’t read a board wherein he now ‘owes’ an greater than the buzz you get from daily “Youth Villages grew as a result of a manual to people. You equal gift to the donor’s life in business. Ten percent growth year wonderful culture, incredible leadership need to explain their job nonprofit of choice.” The after year doesn’t always equal the buzz team, and a management team that knew description, financial MEL & Pearl shaw solution: “Be prepared of giving 10 percent to the community.” this was a business. Nonprofit is more expectations, and share FUNdraising Good Times and sell the nonprofit on That’s the experience of Mike Bruns, than a feel-good. Many stall out because with them why they were its merits; then people founder of Comtrak Logistics, a national the person who started the organization recruited. They have to become involved give to the organization and not to you. transportation and logistics company didn’t surround themselves with good with the organization and passionate You then are free to make your gifts based headquartered here in Memphis. business people. At Youth Villages the about it. Board members who are engaged on merit too.” “The true donor misses the boat if they leadership surrounded themselves with and feel a part of something come to don’t get just as much back in their heart, business people who helped them run the meetings. This solves the problem some Mel and Pearl Shaw are the authors meeting people and making friends,” organization like a business, but not at boards have where they spend almost half of “Prerequisites for Fundraising Suc- Bruns continued. “Involvement brings sat- the expense of their passion. They serve their time worrying about the best time to cess.” They position nonprofits for fun- isfaction – it makes the donor feel good. 60,000 young people and they measure get attendance. As board chair I focused draising success. Visit them at www. I was chair of Youth Villages for so many everything. ‘Feel good’ doesn’t last long if on getting engagement. So many boards saadandshaw.com. 12 August 16-22, 2013 www.thememphisnews.com

Restaurant Business Another Helping Next Soul Fish to open soon on Poplar in former Wolf Camera space

The next Soul Fish is about vegetables. a month away from seating Williams and Bryant have been close its first customers, if all friends since college. Williams described the layout of the new restaurant as similar goes according to plan. to that of the original Soul Fish in Cooper- Co-owner Raymond Williams Young – meaning, the new one also will expects construction to be be “a big rectangle.” done this month. The new location will employ about 50 people. One new feature that will be present at the soon-to-open location is a patio, which will eventually be on the front. Customers will park in the back, where there are 40 or so spots – “plenty of Andy Meek parking,” Williams said. [email protected] The new menu will be similar to that of the Germantown Soul Fish, which does a handful of items the Midtown Soul Fish aymond Williams, who co-owns doesn’t offer. Soul Fish Café with Tiger Bryant, “Germantown probably does five or repeatedly stresses that his 7-year- six items every day that we don’t in Mid- R (Memphis News/Andrew J. Breig) old restaurant has been blessed with both town just simply because I don’t have the Jesse Johnson and John Crenshaw enjoy a meal at Soul Fish in Cooper-Young. The res- a loyal crew of hard-working employees kitchen space – either the prep space or taurant will soon open on Poplar, its third location in the area. and a run of great luck. the line space to do it,” Williams said. “In It’s more than luck, though, that draws Germantown, for instance, we do fresh- customers to Soul Fish’s menu of comfort years. In fact, the owners had hoped the where we always wanted to be. That was cut French fries all the time, whereas in food. If it was just luck, the restaurant second Soul Fish they opened, which is in always going to be No. 1. It took off like Midtown we have no place to store or cut wouldn’t be poised to open its third loca- Germantown, would be somewhere along crazy. It’s one of those things – people French fries. In Germantown, I also do an tion. the Poplar corridor. ask you enough times, and you think, Idaho rainbow trout every day, a black- The next Soul Fish is about a month No such luck. A few potential deals fell well, maybe I could do another one. We’re ened salmon every day, and I do a burger, away from seating its first customers, if all apart, so they instead skipped to another very fortunate that we have the great which is just fantastic.” goes according to plan. Williams expects priority location and opened the sopho- employees we do to even allow us to do Meanwhile, Williams said the Soul construction to be done this month at more Soul Fish in Germantown’s The this, because it’s a lot to do. Restaurants Fish menu and the extra ingredients of its 4720 Poplar Ave., in the old Wolf Camera Shops of Forest Hill. fail more often than not. There’s so many dedicated staff and customers all com- space. Looking back, Williams said the moving parts, and you’ve just got to be on prise the business’ recipe for success. After that, he envisions a few more growth evolved organically. There was top of everything all the time. The more “We’ve been lucky. I can’t stress that weeks before the doors are ready to open. never a magic number, he said, meaning you spread yourself thin, it gets harder enough,” Williams said. “We also have “I’ve been saying the first of Septem- the second and third locations happened and harder.” such a great and loyal clientele. We’ve had ber, but it could easily be the middle of once the owners saw enough demand for Soul Fish started with a basic premise some ups and downs with pricing some of September,” Williams said. them. and still sticks to it. The restaurant serves our stuff, but we’ve always been lucky in Nevertheless, the restaurant is finally “We just opened one, and that was comparatively inexpensive, tasty food that we have great clientele. The business in a location Williams said he’s coveted for kind of it,” Williams said. “Midtown is with a bent toward chicken, catfish and was always there. That part was good.”

Turning Good Business Ideas into Great Products

One innovation method is to invite cus- possible, such as how do things in nature In fact, Mayo Clinic used this method to and the method also helps weed out pet tomers (in a B-2-B situation) or consum- carry water. While it may sound unwieldy, great effect when redesigning their patient ideas of the internal stakeholders, that ers (in a B-2-C scenario) into the creative such an exercise can unfetter the minds experience. The premise of co-creation may bomb in the market. By collaborat- process with you. Here, they will ideate, of engineers and product managers in the is to break the force-feeding “I like” and “I ing with the people who use for whom the workshop concepts that beverage, lotion or other don’t like” ratings of traditional market re- solution is being designed, you get to a so- arise in the session, related industries, result- search. By inviting real users to create with lution faster and often with more elegance. augment concepts ing in a game-changing you – and by often making real-time feed- While a lot of ideation work happens provided for them, design. back on prototypes, companies can keep before the co-creation session, you also and create some new Another form is their hand on the pulse of what moves and need to know that you may not get “the product or service concept co-creation, inspires the people who use their products answer” in the session; however, you will ideas that do not where you provide and services. gain deep insight, get real market feed- yet exist. JOCELYN ATKINSON very crude (i.e., hand- The real value of co-creation is the back, and reframe the problem for which There are & michael graber drawn) concepts of difference of having people rate a good you are trying to solve. Co-creation ses- several forms of let’s grow new ways to approach idea and inviting relevant users into the sions add multiple points of value. Often, co-creation, and I an old problem and alchemical process of working together they unlock the code of growth that can will sketch two here as demonstrations. allow them to dialogue, and draw what to make a good idea into a breakthrough make your company a category leader. Category co-creation is where you explore would make this a better solution for them. market opportunity. Co-creation helps Jocelyn Atkinson and Michael Graber categories and have them explore and This exercise can be used not only for hard to refine the working assumptions and run the Southern Growth Studio. Visit www. solve a problem from the widest frame products, but also for service experiences. hunches in the product design process, southerngrowthstudio.com to learn more. www.thememphisnews.com August 16-22, 2013 13

Newsmakers CEOs: Inbound Aerotropolis Manager Bowman Marketing Completes Leadership Program Does Pay Off Editor’s Note: Second in a two-part series Kate Simone [email protected] Forty-one percent of CMOs and CEOs report inbound marketing produced a measurable ROI in 2013, with half indicat- Chad Bowman, aerotropolis project manager ing an increased spend this year, according to HubSpot’s fifth annual State of Inbound for the Memphis and Shelby County Division of Marketing Report. Planning and Development, has graduated from How are inbound and the Delta Leadership Institute Executive Academy, outbound marketing a yearlong Delta Regional Authority program different? Cold calling, networking and mass designed to foster collaborative initiatives across media advertising are the Delta region. common outbound strategies. This is As aerotropolis project manager, What talent do you wish also known as push Bowman is responsible for the co- you had? I wish I had the marketing. In Lori turner- ordination and management of the talent to play the piano so contrast, inbound wilson federally funded aerotropolis master that I may be able to ex- marketing uses a guerrilla sales planning process for the 50-mile press myself through song pull technique by and marketing area surrounding Memphis Interna- (and play “Big Chief” by leveraging social tional Airport. Professor Longhair during media marketing, blogging and search engine Mardi Gras). optimization to pull prospects toward your Hometown: Slidell, La. brand for that all-important first point of Who has had the great- contact. Experience: Master of urban and re- est influence on you and Consider how buyers shop for your gional planning from Alabama A&M why? My father had the Bowman products or services to determine how much University; 13 years in the field of ur- greatest influence on me outbound versus inbound marketing is in ban planning, specializing in commu- with our many conversa- staff responsible for implementation order. Do they predominantly ask friends, or nity and economic development tions on the benefits of delayed grati- on that particular subject matter. do they search online? If the former, allocate fication and social responsibility. more resources to outbound marketing, Family: Married with one beautiful What do you consider your great- emphasizing direct sales to both consumers child. What is the purpose of the Delta est accomplishment? My greatest and industry influencers. If the latter, focus Leadership Institute? The Delta accomplishment is realizing that my more on inbound strategies. Most companies Favorite quote: “There is no chaos Leadership Institute provides over accomplishments are nothing unless find the strongest ROI through a combination in divine order.” – Unknown 200 hours of executive leadership I have empowered others to accom- of approaches, where inbound leads are fed training to professionals working in plish greater things. to the sales team, which then makes contact Favorite movie: “Remember the government, education, the public with the more qualified of those prospects. Titans” sector and the private sector within What do you most enjoy about To win at inbound marketing, you must the eight-state Mississippi Delta your work? I enjoy being able to have patience. It may take 50 blog posts to The sports teams you root for: region, which is the most socio- personally connect with the various drive enough traffic to your site to gener- New Orleans Saints (Who Dat?) and economically depressed region of neighborhood groups and communi- ate sufficient qualified leads. Eventually, a Memphis Grizzlies the U.S. ty residents around the city, because snowball effect can occur, where each blog it reinforces the relationship between post creates more leads than could have ever What’s playing on your stereo How will the information you the actual work and the people that been generated through direct sales alone. right now? Rebirth Brass Band, “Do learned benefit the Memphis I am working with to make better So begin by asking yourself if your team Whatcha Wanna!” area? During the training process, communities. is committed to developing enough quality we were introduced to a number of content to make a difference. It requires more Activities you enjoy outside of unique ideas and best practices re- If you could give one piece of ad- than simply regurgitating brochure copy. work: I enjoy spending time with lated to economic and community vice to young people, what would Be a thought leader, pushing out relevant, my family, eating great food, work- development. My goal is to imple- it be? Invest your time in your edu- non-promotional content with the subtlest of ing out, traveling, eating great food ment those ideas relevant to my proj- cation. It is the only form of stock connections to what you sell, or it will likely be (LOL) and mentoring. ect and share the additional ideas that will guarantee a no-risk, high dismissed by buyers as biased or inauthentic. with the appropriate city leaders or rate of return. Next, create a content calendar for the year with assignments for your internal subject matter experts. Consider involving vendors and strategic partners in the content George T. “Buck” Lewis, a share- Harrigan have joined Mercer Capital as longtime MGM Resorts employee, most creation process. holder with Baker, Donelson, Bear- financial analysts. Prior to joining Mer- recently serving as executive director Lastly, give thought to how you will man, Caldwell & Berkowitz PC, has cer, Giganti taught at Middle College of food and beverage at Beau Rivage. qualify inbound leads. If a site visitor clicks been awarded a 2013 Presidential Cita- High School in Memphis through the Gold Strike has promoted Lissa Ross to to download a white paper, what information tion from the American Bar Associa- Teach for America program, and Har- director of human services. Ross joined tion. Lewis was chosen for his efforts rigan studied at the University of Ant- MGM Resorts in 1999 and most recently will you ask of them in exchange? While you’ll to improve access to justice, including werp in Antwerp, Belgium, through an served as HR manager/assistant direc- get more takers the fewer fields there are to launching the “4All” campaign during exchange program. tor of human resources. complete, there is value in having enough his tenure as 2008-2009 president of the information to allow your sales team to prop- Tennessee Bar Association. Kelli Eason Brignac has been pro- Christy Hipsh has been named direc- erly qualify leads. So ask what’s necessary to moted to account manager at Obsidian tor of sales for Holiday Inn & Suites narrow the field of prospects, including title, Larry Zehnder has joined Barge, Wag- Public Relations. Brignac joined the Memphis . Hipsh company, business category and company goner, Sumner and Cannon Inc. as firm in 2011, and before that managed has 13 years’ experience in the hos- senior parks and recreation planner. marketing and public relations efforts pitality industry and most recently size. Consider including a multiple-choice Zehnder has more than 40 years’ experi- for 18 restaurants in Baton Rouge, La. served as the property’s sales manager. question related to what drove them to your ence in parks and recreation, and spent Alice Blackmon has joined the ho- site – or their need – to give the sales team a three years as senior park planner at Gold Strike Casino Resort has promoted tel as sales manager. Blackmon most leg up when calling. Barge Waggoner in the mid-2000s. Ron Hall to regional director of guest recently worked as part of the open- experience for MGM Resorts Interna- ing sales team at the Marriott East Chad M. Giganti and Madeleine L. tional Mississippi properties. Hall is a hotel in Memphis. 14 August 16-22, 2013 www.thememphisnews.com

Government Music Business Legislature Elvis, Stax Confluence To Study Annexations Blunted by Marketing

Bill Dries [email protected]

he Tennessee legislature has put a moratorium on annexa- T tions, and even if the moratori- um wasn’t in place, the Memphis City Council hasn’t been anxious to annex any territory beyond South Cordova for several years. But the issue of annexation as a process remains a lively one, specifi- cally whether residents of an area to be annexed should be able to vote on the annexation. “We are one of the handful of states in the United States that still allows a municipality to really exercise their heavy hand of government and simply come in and take a particular territory,” state Rep. Steve McMa- nus said on the WKNO-TV program “Behind The Headlines.” “What we are considering is a moratorium for about a year to see if really we want to change the law and become one of the majority of states that will say, ‘If a particular area is going to be annexed, (Memphis News File/Lance Murphey) it’s got to be done by referendum.’” Elvis Presley’s two recording sessions at Stax Records in 1973 are the focus on this year’s Elvis Week festivities with a new box set from Sony Music Group that compiles the songs released over three albums in the mid-1970s along with outtakes and alternate versions of the songs.

Bill Dries in a massive way.” Nashville had on his material before then. [email protected] Semon and Sony Music archivist Ernst But he agreed with Semon, “In some Jorgenson tried to rectify that with the ways he was let down. I think he had been new box set that puts together the Stax very much let down by radio in ’73 and oger Semon of Sony Music Enter- sessions including outtakes and alternate ’74.” tainment knows the music busi- versions that were played during the Presley was also going through a di- R ness and Elvis Presley’s sound like gathering in the replica of the old Studio vorce that Jorgensen and Putnam believe few others do. A at Stax. The box set is out on the 40th was a factor in what is considered a lost And he knows where RCA, Presley’s re- anniversary of the sessions, which are an song. It was the Troy Seals-Donnie Fritts cord label, went wrong in marketing what emphasis of this year’s Elvis Week activi- ballad “We Had It All” that Presley tried to Boyd should have been a historic intersection of ties in Memphis. sing numerous times at the Stax sessions. Presley with Stax Records. “It didn’t look this good when you He didn’t complete it because producer The problem, Semon told a standing- played here,” Muscle Shoals bass player Felton Jarvis told Putnam its topic was too room-only crowd Tuesday, Aug. 13, at the Norbert Putnam said before the panel dis- close to the divorce, according to Putnam. Stax Museum of American Soul Music, cussion to Memphis Horns player Wayne Jorgensen tried to find any trace of wasn’t the music. It was in the images that Jackson. the song as he went through all of the were wrapped around the albums and Putnam remembered getting to the Stax tapes from three sources – one in the singles over the course of three albums Stax sessions early before anyone else studio and the other two from tapes made that mixed in the tunes recorded at Stax by except an engineer. in the RCA mobile recording unit brought Presley in July and December of 1973. “I tried to imagine the scene that was to Stax for the sessions. The closest he got “All of Elvis’ records from 1970 to Otis Redding and the Memphis Horns,” was finding obscure production notes that around ’73 – every single album – came Putnam told the audience. “I thought, ‘I indicated there were recordings. with Elvis wearing a wonderful white bet the king of rock ‘n’ roll can light this Jorgensen thinks the tape might not jump suit,” Semon said at the panel place up.’” have been rolling. discussion sponsored by RCA/Legacy Re- By his judgment and that of Jorgensen, “No, I think we did several tapes,” McManus cording, part of Sony. “I think in a way as he did but the session wasn’t the moment Putnam replied. “David (Briggs – another great as he was, it actually confused Elvis’ where Elvis met Stax. The sound was influ- Muscle Shoals player in the sessions) said The program, hosted by Eric output. Whether it was a live recording enced by Stax but the band and its sound he saw the tapes. It’s probably in his base- Barnes, publisher of The Daily News, or whether it was Elvis’ phenomenal Stax had more in common with the sound ment.” can be seen on The Daily News Video sessions, there was no discrimination with Presley got a few years earlier at American Putnam and Jorgensen resolved to call site, video.memphisdailynews.com. regard to the packaging. There was always Sound Studios recording in North Mem- Briggs in a continuing search for a record- McManus represents the South Elvis in the white jump suit.” phis under the direction of Chips Moman. ing of the ballad. Cordova area that was annexed in It didn’t help that the music charts Jorgensen said the music Presley se- By the December sessions at Stax, 2011 after a 10-year court fight ended based on radio airplay and album sales lected was a high point because a publish- Putnam remembered Presley as “pretty abruptly with a dismissal of one of were also in a different place in terms of ing deal that had dictated in large part the comfortable” but marks the sessions as several lawsuits over it. what was popular. material he normally recorded before had a last high point before a decline that he McManus and other residents of “‘Raised on Rock’ came out in an en- lapsed. believes led to his death four years later. the area say there was not adequate vironment of Emerson, Lake and Palmer, “By 1973, he gets more courageous “We watched him slowly come to his city notice and even tried a de-annex- Genesis, David Bowie,” said Semon, who because his publishing deal had fallen demise,” Putnam said before noting of the went to work for RCA in 1973. “Con- apart,” Jorgensen said, referring to the 1973 sessions, “Once the music started, he legislature continued on P32 temporary music had really taken over hold that Hill & Range music publishing of came out of his shell. He was a lion.” www.thememphisnews.com August 16-22, 2013 15

Community Traffic Stop Designers plot greenline extension past Germantown Parkway

Bill Dries [email protected]

lanners of the eastern extension of Germantown Parkway. the Shelby Farms Greenline – from Along with being the greenline’s de- P Farm Road to the Cordova train sta- signer, Gianotti may be one of the trail’s tion – are getting in some roadwork these most experienced riders. He rode it and days. walked it before it formally became the Frank Gianotti of the engineering and greenline – before the rail bridges and consulting firm Tetra Tech, and other plan- trestles, some of them more than a century ners of the extension have been hitting the old, were renovated. streets recently to talk about the planning Gianotti has crossed Germantown work that is about halfway complete. Parkway in mid-morning and admits it has Construction could start early next a different traffic flow than around 4 p.m., year, as soon as the right of way on the old although he pointed out the latest counts rail line is secured from CSX Corp. And show traffic on that part of the parkway much of the attention is on what will be has dropped by about 15 percent in the the most ambitious road crossing of the last decade. greenline so far – Germantown Parkway. “We couldn’t just do an ‘up real quick “Here it is,” Gianotti said recently, as and down real quick’ trail,” Gianotti said he showed PowerPoint slides of the plans of the parkway crossing, which, even with (Memphis News/Andrew J. Breig) for the Germantown Parkway crossing to a bridge, would still have had to meet Plans for an eastern leg of the Shelby Farms Greenline include a pedestrian and bicycle about 100 people at a Memphis Kiwanis standards of the federal Americans with crossing at Germantown Parkway where recent traffic counts show 58,000 cars a day. Club luncheon. The presentation includes Disabilities Act. design work by Tetra Tech and Ritchie The design calls for a two-stage cross- the same daily traffic count, and Gianotti way’s car and truck traffic so heavy is also a Smith Associates. ing, in which pedestrians and riders will says the Germantown Parkway crossing factor in carving out the median strip with The latest traffic count shows 58,000 first reach a median in the parkway and will be safer. the mid-crossing point. cars a day traverse the former railroad then cross to the other side. The times are to get to the middle of Part of the planning will involve how to crossing on Germantown Parkway – one A traffic signal at the old rail crossing the crossing, where there will be a “pro- deal with whatever is under the pavement of the busiest stretches of auto traffic in will be activated when a walker, runner tected area” for the wait to make the rest of now, and Gianotti said there are likely Shelby County. or biker on either side of the greenline the crossing. It will have concrete bar- some surprises like unmarked utilities “The (Shelby Farms Park) Conservancy, presses a button. riers similar to construction barriers on because of the nature of surrounding con- the city and the county would love to build “If somebody activates this, they will interstates, and trees in the median as well. struction over the years. a bridge over this,” he said. “The bridge have to wait up to maybe 45 seconds to Such mid-crossing areas are used in some “Private developers built it piecemeal,” would cost about $2.5 million.” a minute before they cross. … The same European road designs but so far not in Gianotti said. “Every piece of junk in the The conservancy manages both the sequence will happen on the other side. the U.S. world is in that roadway.” greenline and Shelby Farms Park. But The worst case, crossing this is going to “If a car hits that, they are not coming As the design work continues, there instead of a bridge, plans for Germantown be less than two minutes. Many times it in there,” Gianotti said. “Inside this, you are also talks about uses for the Cordova Parkway call for a crossing unlike any other will be better that that. Right now to cross will have a countdown to green time. … It train station, which is where the eastern – either already built or being planned. Walnut Grove (at Farm Road) … you wait will tell the biker and walker, you have so extension would end, and what that would The busiest roadway the greenline 2.4 minutes maximum to get across.” many seconds.” mean for the old town section of Cordova. currently crosses is Highland Street, which The comparison is important because The very development over several Other trailheads where those on the green- has less than half the traffic count of Walnut Grove at Farm Road has about decades that makes Germantown Park- line could stop are also being discussed.

Memphis is Headed for ‘Most Improved’ List

It is the best of times for Memphis. It It’s tough everywhere. In my new believe in you. educated workforce, is the worst of times. Yes, we have chal- career as a national consultant for educa- What is evident to me, across good citizens and lenges. Yes, we are working on solutions. tion, I have traveled across the country the country, and right here in Mem- informed decision- I love Memphis, but I always hold my consulting with organizations, business- phis, is that where the goal of con- makers who will breath when those negative lists come es, foundations, and educational institu- tinuous improvement is working make the decisions out proclaiming the 10 worst cities at ev- tions and systems, all of whom recognize well, people are digging in, taking in the future that will erything from health to crime to econom- the challenges they are experiencing, and a stand, a risk, a leap positively affect the ics to education. are committed to continuous improve- of faith for the sake of quality of our lives. DR. MARY C. McDONALD Lately I have noticed that if Memphis ment, no matter how long it takes. the children and their guest column In order to achieve has achieved that dubious distinction, we It is never easy. The more dire the sit- future. We should re- these goals, we must comfort ourselves with the fact that we’re uation, the longer it took to get that way. member that all areas ensure that a solid not as bad as Detroit. It is of little comfort The expression “Rome was not built in a of Memphis belong to us, whether we live foundation for education is in place for all to me not to be the worst of the worst day” applies here, and thus it takes time there or not. The education of all children citizens. when I see that we have committed our- to address and solve problems. It also in our city is our responsibility, whether I believe in Memphis. I believe that we selves to continuous improvement, and takes patience since we live in a world they are our children or not. will achieve the Top Spot on that Most are making great strides. If there were a that expects immediate fixes. It takes Continuous improvement in our city, Improved list. “Most Improved” list we would be on it! an attitude adjustment in the way you and in society, hinges on education and The only thing keeping us off that list see yourself. First, you have to believe in the emphasis we place on providing a Contact Dr. Mary C. McDonald, a na- is the way we think about ourselves. We yourself and your ability to take the steps quality education for all children. We tional education consultant, at 574-2956 need an attitude adjustment. necessary to succeed, before others can owe it to Memphis to work to provide an or visit mcd-partners.com 16 August 16-22, 2013 www.thememphisnews.com

sports

football Volunteers Keep Goal Simple:

Don Wade Earn Respectability Special to The Memphis News

ollege football coaches aren’t ever Tennessee 41-18. The Commodores went “Every day in the SEC is like fourth- “With the situation we’re in, winning going to admit to looking down the to their second straight bowl game and the and-one for the national championship,” would be the best thing ever,” said senior C schedule and circling the games Vols finished with a losing record (5-7) for Jones said. “It doesn’t matter if it’s practice, defensive end Jacques Smith, who frac- that will define a season. the third straight season. recruiting, game time … the competitive tured his right thumb and might miss the So first-year Tennessee coach Butch Enter Butch Jones, the Great Orange structure of this football conference, the start of the season. “If we lost, it would be Jones isn’t going to tell you that home Hope. difference between winning and losing is terrible. (So) there’s no choice; we’re going games against Austin Peay, Western Ken- The Vols turned in losing records in two very slim.” to win, and when we do, we’re going to be tucky and South Alabama are in the bag, of Phil Fulmer’s last four seasons, you had The biggest decision of camp is choos- marked as the class that changes the Ten- but they better be. the ripple-effect disaster that was Lane ing a starting quarterback. Junior Justin nessee program.” Nor is he going to tell you that games at Kiffin – the damage extending far beyond Worley and redshirt freshman Nathan A few weeks ago at SEC Media Days, Oregon, Florida and Alabama are near- one mediocre 7-6 season. Then UT lost 21 Peterman are the frontrunners for the job Jones noted that less than two months into certain defeats, but in quiet moments even games in three years under Dooley. with true freshmen Joshua Dobbs and Ri- taking over the program the football team he must know. So as this year’s team points toward ley Ferguson hoping to get an opportunity had lost more than 260 pounds of fat and Anyway, that’s half the Vols’ schedule that season-opening Aug. 31 game at if Worley and Peterman disappoint. regained about 230 pounds of muscle. It and would have them at 3-3. Home games Neyland against Austin Peay, there is much “Sometimes you think you did better was the first measurable sign of change against Georgia and South Carolina are talk of restoring “Tennessee pride” and than you did and sometimes you think and progress for this season; Jones’ highly likely losses. Games at Missouri and at devotion to the “process” (thank you, Nick you did worse than you did,” Peterman touted recruiting class offers hope for 2014 Neyland Stadium against Auburn should Saban). explained after a recent scrimmage. “You and beyond. be wins. So let’s assume it goes that way At some level, it is all just so much don’t know until you watch the film.” “These players are hungry and they and the Vols are 5-5 with two weeks left. coachspeak. But Jones has to start some- Even then, Jones perhaps will not have want to win,” Jones said. Home against Vanderbilt and at where. He went 23-14 in three seasons at the clear answer he would like to have. Fans, however, are starving – eight Kentucky: That’s where you define your Cincinnati and 27-13 in three seasons at But he knows this for sure: a stumble in a straight losses to Florida and open discus- season. Central Michigan. He took his teams to winnable game – say at Missouri, or home sion among others in the conference A year ago, as the ill-fated Derek bowl games five out of six years. against Auburn – could render a winning that the annual game vs. Alabama now Dooley Era drew to a close, Vandy whipped Impressive as far as it goes. season almost impossible. amounts to a bye for the Crimson Tide.

Chasing a Baseball Dream With Hat in Hand

Cody Hudson hit his first profes- ment. “I told them money didn’t matter. None of these potential realities sional home run and trotted around the I just wanted the opportunity to play and flashed across Cody’s mind, or his fa- bases just like he had done at Austin prove myself.” ther’s, all those years ago when dad was Peay and, before that, Houston High After Cody went undrafted he tried always pitching to his son in the garage. School. He stepped on home plate and out for an independent league team in Today, Bobby Hudson figures those then turned toward his team’s dugout THE PRESS BOX Gary, Ind. The “Railcats” liked him but pitches must have exceeded 30,000. – in this case, the dugout of the San DON WADE didn’t sign him. The San Angelo Colts Friends used to ask Bobby if he worried Angelo Colts. did – “sight unseen, on a recommenda- Cody would land on the competitive That’s when teammates reminded tion,” Cody said. baseball scrap heap, just another burn- him of the ritual at Foster Field. They ing professionally in something called Twenty six games in, he’s batting out. But all the extra hitting, Dad says, pointed toward the backstop and United League Baseball (ULB). His .309 and tied for the team lead in stolen was Cody’s idea. He wanted to work that Hudson removed his helmet. Fans came senior year at Austin Peay he batted bases with 12. hard. forward, telling him “good job” and .363 with 20 doubles, 31 stolen bases, His first check from the Colts was for He does still, playing in San Angelo “congratulations” and “nice hit.” They 40 runs batted in and 43 runs scored. $77; they then put him on the inactive where game-time temperature might even held up their small children so He was named a second-team Louisville list for a few days and there’s no pay be 105 degrees. For little or no money. the little tykes could squeeze a dollar Slugger All-American as selected by when not on the active roster. For however much glory you can fit in an bill, or maybe a 10 or a 20, through the Collegiate Baseball. “Regardless of how much it was, I upturned batting helmet or in a few kind netting. “To me, it solidified my chances of was very excited because it was my first words from strangers. “That helmet was full of money,” getting drafted,” Cody said. check,” Cody said. “I was very prideful to Ever determined, Cody says he’s fol- Hudson said. A 5-11, 190-pound switch-hitter, get paid to play baseball.” lowing the maxim that “you have to play Not to mention that priceless com- his speed had put him on the big- The check bounced. your way out of independent ball.” modity known as hope. league scouts’ map. Just before the His second check was for about “He’s pursuing his dream,” his father Cody’s first home run brought in Major League Draft in early June, both $250. said. “Not many people get to pursue $125. A couple of nights later when the Detroit Tigers and San Francisco It bounced, too. their dream.” his parents Bobby and Sheila Hudson, Giants told him they were planning to This is perhaps a good time to note Not many have the guts to try. and his fiancée Cici, were at the ballpark, pick him. It wasn’t a lie, it just didn’t turn that two of the six teams that started out to be the truth. Maybe if he was 6 he hit another. This time the take was this season in the ULB have folded. Don Wade’s column appears weekly $134. If you’re keeping score at home, foot and 200 pounds, maybe if he was Cody and six other players live with a 20 and not 22, maybe a lot of things. in The Daily News and The Memphis that’s $259 – or the loose change that “host” family consisting of a mom, dad, News. Listen to Wade on “Middays with falls out of A-Rod’s pockets. “They asked if they selected me daughter and two grandchildren. Cody would I sign,” Cody said, recalling the Greg & Eli” every Tuesday at noon on But Hudson, an outfielder, is as and another player bunk down in their Sports 56 AM and 87.7 FM. grateful as he is surprised to be play- anticipation that turned to disappoint- living room. www.thememphisnews.com August 16-22, 2013 17

sports

“For us to make those rivalry games,” Jones said, “we have get back to being rel- evant and winning those football games.” A 7-5 finish, a bowl trip, and a win over Vanderbilt still might leave UT this side of relevant. But it would make them some- thing they haven’t been in a long time: Respectable. hoto/The Knoxville News Sentinel, Saul Young) Saul Sentinel, News Knoxville P hoto/The AP (

08/31/13 vs. Austin Peay 09/07/13 vs. Western Kentucky 09/14/13 at Oregon 09/21/13 at Florida 09/28/13 vs. South Alabama 10/05/13 vs. Georgia 10/19/13 vs. South Carolina 10/26/13 at Alabama 11/02/13 at Missouri 11/09/13 vs. Auburn 11/23/13 vs. Vanderbilt 11/30/13 at Kentucky

TENNESSEE THE LAST 5 YEARS 2008: 5-7 3-5 SEC Fulmer 2009: 7-6 4-4 SEC Kiffin 2010: 6-7 3-5 SEC D Dooley 2011: 5-7 1-7 SEC D Dooley Tennessee head coach Butch Jones watches during the first NCAA college football practice of the season at Haslam 2012: 5-7 1-7 SEC D Dooley Field in Knoxville earlier this month. Jones is charged with bringing the Volunteers back to respectability this season. Totals: 28-34 12-28 SEC

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COVER STORy

Direct Delta flights from On a recent July morning, a full Memphis are expected to decline to about 65 a room of local business leaders gathered in day this fall, down from a FedEx Corp. training facility on Airways a peak of about 225. Boulevard to learn more about Memphis International Airport and its operations. (Memphis News/Andrew J. Breig) Attendees peppered airport officials with questions. A local hotel manager wondered why fares in Memphis remain higher than at other airports in the Mid-South, while a financier asked if the Memphis-Shelby OCounty Airport Authority is an entity that can be sold. The “Airport World Class Tour” is part of the Airport Authority’s public relations offensive to counter widespread criticism over fewer direct flights and persistently high airfares. The public grievances come as Delta Air Lines Inc. has moved to close its Memphis hub and cut the number of direct flights to and from Memphis Inter- national. Some local critics have said airport management has moved too slowly to aggressively recruit competition to the market after Delta began communicating its plans to scale back its Memphis opera- tions. Direct Delta flights from Memphis International are expected to decline to about 65 flights a day this fall, down from a peak of about 225 prior to the 2008 Delta and Northwest Airlines merger. The Delta-Northwest merger created new realities for Memphis International, a former Northwest hub, which now has to contend with its much larger rival in Atlanta, the global headquarters and hub of the combined Delta-Northwest airline. “When we were a Northwest hub, we were a key strategic asset to their hub system,” Scott Brockman, the Airport Authority’s executive vice president and chief operating officer, explained to tour attendees. “With that hub in Atlanta, our hub became redundant. Delta is making business decisions to be more profitable.” Jack Sammons, chairman of the Airport Authority, resurrected the monthly tours in January after a more than decade hiatus following the Sept. 11, 2001, terrorism attacks. The first tours included elected government leaders like Memphis Mayor A C Wharton Jr. and Shelby County Mayor Mark Luttrell, while subsequent tours have expanded to include dozens of business and civic leaders spanning a broad range of industries. John Greaud, vice president of opera- tions for the Airport Authority, outlined the airport’s challenges and assets to tour at- tendees in a fact-filled slide presentation. He pointed out Memphis has a smaller population, fewer local passengers and a lower median household income than all other failed or declining hubs except one – a key remaining barrier to recruiting new commercial air carriers to Memphis. “Airport World Class Tour” attendees also learn about everything from the airport’s debt profile (which is declining) to Memphis International’s economic impact, which was estimated at $23.3 bil- ‘It will Get Better’ lion in 2012 by researchers at the Univer- sity of Memphis. Then they board a coach Airport leader confident Memphis airfares set to improve bus to take a tour of the airport, FedEx’s World Hub, and the Tennessee Air National Guard base. The tour is just one piece of the Airport Authority’s recent push to improve com- Jennifer Johnson Backer munication outreach to the Memphis pub- [email protected] lic. Board commissioners have encouraged www.thememphisnews.com August 16-22, 2013 19

The Delta-Northwest merger created new realities for Memphis International, a former Northwest hub, which now has to contend with Atlanta.

(Memphis News/Andrew J. Breig)

staff to do a better job of explain- But there are some bright also is in the midst of a campaign, with increased competition, have In late July, airport officials ing the airport’s operations, the spots. It’s likely that the Delta #MEMLUV REWARDS4RE- already resulted in cheaper fares moved to approve a measure that reasons behind Delta’s flight flight cuts will create new oppor- WARDS, to enroll 50,000 Mem- from Memphis International. will bolster financial incentives service cuts and what airport tunities to lure new air carriers, phians in the air carrier’s Rapi- Memphis’ average airfares de- offered to commercial airlines officials are doing to aggressively bringing more competition and dRewards program by Nov. 30. clined 9 percent during the three- offering flights at least four days court new air carriers. lower airfares, Brockman told Brockman reminded tour month quarter ended March a week to new cities not served There are also plans in the tour attendees. attendees about Frontier’s arrival 31, the biggest fare drop in the today by the airlines. Previously, works to hire a full-time public “As Delta has pulled down, we to the market when Memphis still nation, data from the U.S. Bureau the program required air carri- information officer to help com- have become very attractive,” he was a Northwest hub. Northwest of Transportation statistics shows. ers to offer flights to new cities at municate with the public. said. “Airlines like Frontier and moved to match fares on Frontier Still, Memphis’ average airfare least five days per week. “We are trying to be more Southwest aren’t as enticed to routes and offered additional of $478 remained about $100 The $1 million air service understanding of the need to enter the market when there is frequent flier miles to customers more than the nation’s average development program offers air inform the public of the things so much competition from a hub who remained loyal to Northwest. airfare of $378.69. Airfares at carriers landing fee, terminal that we are doing and what’s carrier.” Within a few months, Frontier Memphis International are the building rent and marketing really going on here,” said Brock- Already, Southwest Airlines had exited the Memphis market – seventh highest in the nation. incentives in exchange for adding man, who was tapped last week Co. has announced the discount and Northwest hiked fares again. Memphis International’s new flights at least four days per to become the Airport Authority’s air carrier will enter the Memphis “That’s why we need to utilize high fares remain a key driver to week for at least 12 months. next president and CEO. “While market Nov. 3. The Dallas-based these carriers as they offer good solicit new air carriers. Sammons Officials have said they have communication is a large part of airline will operate daily nonstop fair service,” Brockman said. “I has frequently said the board courted Allegiant Air, Frontier any executive’s job, it’s not always flights to Houston, Tampa, Fla., am not telling you who to fly, but and airport officials need to be Airlines, JetBlue Airways, and in the context of explaining busi- Baltimore, Chicago and Orlando, I am telling you the reality of how “relentless” in their push to court Spirit Airlines as well as existing ness decisions to people outside Fla. Airport officials have encour- this equation works. If the planes new competition. airlines serving Memphis. of that operation.” aged the Memphis public to aren’t filled, they will go away and Sammons and other airport “It may get worse before it Leaders like Larry Cox, cur- embrace the new carrier warning we will get what we deserve.” officials are hopeful that a never- gets better, but I can stand before rent president and CEO of the that the Texas airline could exit Promotional fares offered before-used economic incentive you with all the confidence in the Airport Authority, have said it’s the market as quickly as it arrived by Southwest and its AirTran program designed to bring new world and say, it will get better,” unlikely that Memphis will regain if the new routes aren’t profitable. subsidiary, coupled with Delta service to the airport soon could Brockman reassured tour attend- its previous level of flight service. The Greater Memphis Chamber moves to match pricing on routes have its first customer. ees. “It will – trust me.”

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special coverage

emphasis: Commercial Real Estate Industrial Revolution Memphis brokers clamor for city to match DeSoto’s speculative success

Amos Maki [email protected]

t’s a striking figure for some commer- “The number of developers building although improved under the Economic inked two large leases in the first quarter cial real estate experts. speculative distribution space has been Development Growth Engine of Memphis totaling 788,148 square feet. Trane U.S. Inc. No speculative industrial space – nonexistent in Memphis,” said Kemp Con- and Shelby County, have put the prover- renewed its 373,644-square-foot lease at meaning constructed without a tenant rad, principal with commercial real estate bial lid on speculative industrial develop- the Stateline H facility while the TJX Cos. in hand – has been built in the city firm Commercial Advisors/Cushman & ment in Memphis. Inc. signed a new 414,504-square-foot of Memphis over the last four years Wakefield. It may be time, they say, for local lease at Chickasaw D. whileI 4 million square feet of speculative Conrad and other local business lead- officials to consider a pre-development IDI has begun an expansion of the 478- industrial space has been built, or is under ers say Memphis’ high property tax rate tax freeze program to spur speculative acre Crossroads to meet growing demand. construction, in DeSoto County. and the process for obtaining incentives, development, which they say would lead Building L, slated to be 241,994 square feet to increased capital investment, higher tax with an October completion date, broke revenues and more jobs. ground in June. Building D, scheduled “A lot of it is driven by the tax rate here to be 241,920 square feet and delivered in Memphis,” Conrad said. “The carrying in November, also broke ground in June. rate for that tax cost is quite high, especial- Including the two new buildings, Cross- ly when compared with North Mississippi. roads contains seven buildings totaling 3.2 When you’re talking about industrial real million square feet. estate, a nickel or a dime can cost a lot” IDI vice president of leasing Tim Moore Industrial Developments International said a combination of factors – includ- Inc. has been the most active industrial de- ing the ease of doing business in DeSoto veloper in the Memphis market following County, the reliability of incentives and a the recession. And the Memphis market, ready workforce – has caused IDI to focus which includes DeSoto County, has been on DeSoto County. IDI’s busiest market company-wide in “If there’s a perceived risk of not getting 2012 and 2013. those incentives, we’re going to be more But all of IDI’s activity has been reluctant to make that capital investment focused on DeSoto County while the com- where we think the risk of not getting the pany’s 130-acre site at Holmes and Tchu- incentives is higher,” Moore said. “And lahoma roads in Memphis the company there is the availability of large tracts of bought in 2005 remains undeveloped. land that have drawn developers to the IDI recently signed a 500,000-square- Southeast, which just happens to cross foot lease at Crossroads Building G. IDI the state line at DeSoto County, where you www.thememphisnews.com August 16-22, 2013 21

special coverage ndrew J. Breig) J. A ndrew (Memphis News/

Industrial Developments International has begun an expansion of the 478-acre Crossroads industrial park in Olive Branch to meet growing demand in North Mississippi.

have the labor ability. I think those two “The North Mississippi process is very another municipality people are going to pre-development PILOT to encourage things really combine for the majority of streamlined,” Moore said. “It’s a two-step live there and spend money there,” Conrad developers to build speculative space in the reason you’re seeing all the develop- process for the most part. They’re very ac- said. “From a policymaker standpoint, Memphis. The current PILOT program ment in DeSoto County.” commodating.” you’d rather them be here.” awards tax freezes to companies that want The payment-in-lieu-of-taxes (PILOT) Conrad said that while investors gener- Long-term, Conrad said the city must to be tenants in an industrial building. The program administered by EDGE includes ally don’t care where their capital is flowing get a much better control on costs and re- pre-development PILOT would be applied a scoring matrix that grades projects on – North Mississippi or Memphis – and duce property taxes to spur development to the undeveloped land, lowering costs capital investment, the number of jobs that development in DeSoto County is still inside the city’s limits. for the developer and tenants. created, wages and other factors. Compa- positive because it is part of greater Mem- “We have to have the PILOT program Even with a PILOT, the developed land nies seeking PILOTs must get approval for phis, the lack of development in Memphis because our taxes are so high,” he said. would produce more revenue for the city the tax freezes from the EDGE board and should be a red flag for policymakers. “If our property taxes weren’t so high we than vacant, undeveloped land. transfer the title of the property over to the “From a political perspective, people wouldn’t have to do as many PILOTs.” “Developed with tax incentive, it would Industrial Development Board. The entire are typically going to want to live close to In the short-term, Conrad believes produce much more revenue than land process can take weeks or longer. where their job is, so if jobs are going to it is time to consider implementing a sitting there fallow,” Conrad said.

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emphasis: Commercial Real Estate Sharp Wears Many Hats at CBRE Memphis

Michael Waddell [email protected]

24 million square feet (and growing) of more confidence today to get deals done, Chief operating officer commercial real estate space throughout where in the past there might have been of CB Richard Ellis the Mid-South. reluctance due to uncertainty with the “We have the player-coach model here economy. Memphis and head of its at CBRE, so our leaders also have a line of “Class A office space has been very ac- business they support,” said Sharp, whose tive, with a high occupancy rate. There are Asset Services division duties overseeing the Asset Services divi- not many large blocks available, so there leads a team of 15 real sion encompass all industrial, office and is beginning to be more interest in Class retail property management and leasing B space,” said Sharp, who sees the same estate professionals assignments within the company’s port- thing happening with industrial space, folio, including oversight of owner and with not many large blocks on the market that manages and/or tenant relations. and new spec buildings going up. And Sharp’s division also handles project there are new retailers looking at Mem- leases 24 million square management, including capital projects phis, which is a good sign.” feet (and growing) of at buildings, and tenant improvements, This year Sharp is the president and is currently working with Finard of Memphis Commercial Real Estate commercial real estate Properties LLC on the rehabilitation of the Women, which is part of a national Poplar Plaza. organization dedicated to advancing the space throughout the Sharp first became involved with achievements of women in commercial Mid-South. sharp commercial real estate in the mid-1990s. real estate. She wanted to take on a new challenge “I like to be involved with projects that after being a stay-at-home mom for many benefit the community that I am a part officer and head of the company’s Asset years, so she went back to school at the of,” said Richard Ellis Memphis’ Services division. University of Memphis, and earned her Sharp, who has been involved with Mary Sharp never has a dull She leads a team of 15 real estate master’s degree in real estate. After com- Memphis CREW for nearly six years. “One CBday as the chief operating professionals that manages and/or leases pleting school, she joined CBRE in 1994 as of the main things we do is mentoring of an assistant property manager. young women who are trying to enter the Over the past 19 years, her titles at commercial real estate field. I think it is the company have included senior vice important for the industry to help other president in charge of property manage- women achieve success in their careers.” ment, director of operations and on-site She also currently serves on the board 2013 SEMINAR property manager for several proper- for the Red Cross Mid-South chapter. ties with direct responsibility for budget “I really believe in the work they are SERIES development, fiscal reporting and vendor doing every day for our community,” she Mark your calendar for a series of informational business seminars contracts. said. “Everyone thinks of the Red Cross hosted by The Daily News and The Memphis News. Sharp said she sees the local CRE mar- in terms of major disasters, but every day ket improving right now, as activity seems they are assisting fire victims in Mem- to be picking up across all sectors. phis. They respond to every house fire SEPTEMBER 19 “The market is definitely improving. to assist families who are burned out HEALTH CARE: STATE OF THE INDUSTRY We are seeing a lot of activity in all seg- of their homes, at an average of three fires NOVEMBER 7 ments: office, retail and industrial. It is per day. COMMERCIAL REAL ESTATE REVIEW & FORECAST definitely more active than it was a year “If we do have a major disaster here ago,” said Sharp, who also handles the in Memphis, we have a lot of buildings FEBRUARY 27, 2014 business operations of the Memphis of- we could be working with. They will need WOMEN & BUSINESS fice, including business planning, human help, and I know the Red Cross will be resources and marketing. “We are also there to help.” seeing more investor interest in Memphis, Away from work, Sharp enjoys practic- For information on the seminars or sponsorship opportunities, please contact Donna Waggener at 901-528-8122 or [email protected]. especially on the industrial side.” ing yoga and spending time with her fam- Sharp noted that there seems to be ily at their house on the Tennessee River.

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emphasis: Commercial Real Estate Slight Uptick in Q2 Bolsters CRE Market

Michael Waddell [email protected]

espite posting lower numbers in markets, with Class A-plus space in East some sectors for the second quar- Memphis and then everything else,” said D ter, due primarily to the depar- Kemp Conrad, president of Cushman & tures of Pinnacle Airlines and Technicolor, Wakefield/Commercial Advisors Asset the local commercial real estate market is Services, who expects to see a wave of faring well in 2013. signings in the third and fourth quarters. “I “We have definitely seen a slight think we might even see some new Class A increase in activity,” said Anthony Lopes, buildings announced.” one of the managing directors at Sperry One new building is already under- Van Ness Investec Realty Services. “Over- way. Near the end of last year, Interna- all we are in much better shape than a tional Paper announced plans to build few years ago.” a 235,000-square-foot building on its Sperry Van Ness Investec Realty Ser- campus in the East Memphis market. vices handles mostly office space, leasing On the industrial side, Memphis suf- nearly 1 million square feet of space. Lopes fered a rare downturn. Saddled by the said business has been better this year Technicolor departure, the sector posted than during 2011 and 2012, and the com- negative absorption of 515,273 square feet pany saw the strongest interest during the for the quarter, but for the year the market quarter in the medical office sector. (Memphis News/Andrew J. Breig) still shows positive absorption of 491,279 “We’ve got some serious interest right Baker Donelson is renewing the lease and expanding its Downtown office. square feet. Vacancy rates rose to 15.1 now coming from medical users in Mid- percent, up from 14.9 percent in the first town and East Memphis,” said Lopes, who quarter of 2013. would like to see the city do more to woo from Cushman & Wakefield/Commercial state of Tennessee is in the market for as “However, the investment sales market nonmedical business. “Obviously the city Advisors. Pinnacle Airlines helped drive much as 300,000 square feet, including remains very strong, with institutional does a great job attracting industrial users, that number up when it vacated 170,000 more than 100,000 square feet of space owners continuing to buy product in but they don’t usually provide a lot of high- square feet at One Commerce Square. Downtown. Memphis, as some owners here reallocate paying jobs. So now we need to figure out On a more positive note, the law firm Despite the high-profile movement assets or take some chips off the table,” how to attract more white-collar users.” Baker, Donelson, Bearman, Caldwell & with CRE users Downtown, the strength of Conrad said. The overall office vacancy rate jumped Berkowitz PC announced the lease renewal East Memphis office properties continues In the past few weeks Conrad has seen to nearly 29.6 percent in the second quar- and expansion of its Downtown office to buoy the market. activity pick up, with industrial space ter from 15.6 percent in the first quarter, space in the First Tennessee Building to “A bright spot is Class A-plus space prospects now totaling more than 10 mil- according to the mid-year Advisor Report more than 107,000 square feet, and the in East Memphis. It’s kind of a tale of two lion square feet.

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emphasis: Commercial Real Estate Fresh Market Eyes Midtown for Store

Amos Maki [email protected]

he Fresh Market, the Union – called the Towery Build- abruptly closed. West Street behind Saddle Creek ing to preserve and enhance the upscale specialty grocery ing after it served as headquar- Fresh Market stores are typi- South, has been scouted for western gateway to the city. Tstore, has had its sights ters for Towery Publishing – is cally between 22,000 and 26,000 development for years. Poag & Germantown hired the Law- on Midtown Memphis for some 119,566 square feet that sits on square feet and feature soft McEwen Lifestyle Centers at one rence Group, a North Carolina- time and may have found the one acre. lighting, piped-in classical music point wanted to develop 37 acres based town planning and right address. The Towery Building is and gourmet food. Founded in of the Arthur estate south of architectural firm, to develop The Greensboro, N.C.- owned by 1835 Memphis 1982, the Fresh Market, which Poplar, but that deal fell apart. guidelines for the redevelop- based grocer and retailer is Holdings LLC, a Nevada-based has locations on White Station The Arthur site could prove ment of its western entrance. eyeing the vacant office build- company. The eight-story hotel in East Memphis and on Poplar ripe for development, especially Germantown hired the planning ing and hotel at the southwest building behind it at 1837 Union in Germantown, operates 134 if the developers were able to firm after Gill Properties bought corner of Union Avenue and is 164,969 square feet and is stores in 25 states, primarily in land prominent anchor tenants. the Kirby Farm Home in 2011 for McLean Boulevard, according to owned by Tennvada Holdings the Southeast, Midwest, Mid-At- “Incomes in Germantown $2.6 million. several sources. LLC, a Nevada-based company. lantic, Northeast and West Coast. are as good as we have in West Also, Wal-Mart Stores Inc. has That site is home to a former The property contains a The Midtown site isn’t the Tennessee and the demograph- been eyeing the Imperial Lanes hotel and a small amount of 71,154-square-foot, two-level only high-profile property in ics there are very good,” said bowling alley site on Summer Av- office space on the corner of underground parking garage the Memphis area that could be John Reed of The Shopping enue. Wal-Mart has approached Union. Real estate sources said beneath both buildings built in poised for significant redevelop- Center Group. “As long as one or owners John and Michael Turley the property is under contract to 1968. ment. two good anchors are in place, about the site. be purchased. Holiday Inn built the hotel Atlanta-based Concordia it could easily support 250,000 The Imperial Lanes site, The property, which is cur- there in 1968, but the hotel has Properties LLC is negotiating square feet of retail total.” at 4700 Summer Ave., sits rently surrounded by fencing, changed brands and hands with the Arthur family to acquire The city of Germantown has on roughly 3 acres while the has housed many hotels since its numerous times over the years. its land near the Shops of Saddle been promoting mixed-use de- adjacent Admiral Benbow site, construction in 1968, most no- In the recent past, it was an Creek in Germantown. velopments. The suburban city at 4720 Summer Ave., sits on tably a Ramada Inn and Holiday America's Best Inn & Suites that Concordia is known for approved a smart-growth plan roughly 3.5 acres. The Turleys Inn. The hotel has been unoccu- turned into the Artisan Hotel in developing neighborhood retail around 2007 to accommodate bought the bowling alley site in pied since November 2010. 2006. In 2010, just a few weeks and mixed-use projects. a mix of uses and denser, more 2009 for $500,000. In 2006, they The three-story office build- after the hotel was converted to The Arthur property, at the urban development. bought the Admiral Benbow site ing fronting the corner at 1835 a Country Hearth Inn & Suites, it southwest corner of Poplar and Germantown is also look- for $660,673.

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emphasis: Commercial Real Estate: SMALL-BUSINESS SPOTLIGHT Lessons of The Traffic Light

Most traffic lights use a three-color system – red, yellow and green – in an at- tempt to control the flow of traffic through Colliers Continues Longtime an intersection. Red, in this case, is the traffic light color that instructs moving vehicles to stop. This seems to be a simple system, and it is simple on the surface. Role as Major CRE Player However, have you ever really thought about why most people stop at a red light? Does the color, in this case Richard J. Alley Special to The Daily News redness, make them stop? Does the light behind ilkinson & Snowden Inc. the red lens make them helped lead the indus- stop? How about the pole W trial warehouse revolution in holding the traffic light, Memphis at a prescient time. does it make drivers It was the 1960s when the commer- stop? It must not chris cRouch cial real estate firm founded by Russell be any of these SMART STUFF Wilkinson and Robert Snowden began things; although all 4 WORK developing Airport Industrial Park. of these things are The firm was the brokerage arm of the often present, the fact is, some drivers still do development, and it was just before the not stop. founding of a company called Federal Probably the closest you can get to Express. answering the question of why drivers stop “With the advent of FedEx, the when they see a red light is: people only stop entire business began to change more if, and when, they choose to stop. and more, and it gained momentum as So, in the end it is the driver’s choice to the years went on because of the FedEx stop ... or not. The red light is only an external factor,” said Gene Woods, president of (Memphis News/Andrew J. Breig) triggering event that prompts the driver to the modern-day Memphis company. Andy Cates, left, and Brad Kornegay help lead Colliers International. think about the consequences of stopping or In 1991, Wilkinson & Snowden not stopping and then make a choice. The red partnered with a global real estate light has no inherent power or ability to stop concern to become Colliers Wilkinson & anyone or anything. Snowden and, in 2010, became Colliers warehouse, office and retail spaces. of activity among smaller and regional Another factor that comes into play International. When Kornegay made the move to users, which signifies consumer confi- in this process of stopping people with a These days, the company of 50 Colliers from Trammell Crow in 2004, dence. The uptick is coming, Kornegay powerless red light has to do with the timing employees is broken into two distinct it was with assets of 9 million square said, albeit slowly and steadily. of the consequences. If you run a red light, offices – Asset Services and Brokerage feet in tow. Today, he and his team lease “We tend to believe that it’s not go- the negative consequences can occur almost Services. Though they work closely or manage approximately 35 million ing to be a switch that’s going to flip on,” immediately. In other words, you might col- together, they keep two physical ad- square feet encompassing nearly 300 he said. lide with a person going through the same dresses, separated in East Memphis by buildings and 477 tenants. The vast Woods has been with the commer- intersection choosing to go on a green light. the wide moat of Poplar Avenue. majority of that property is industrial cial real estate company since 1971 and I think several lessons are imbedded in “It’s a good way for our customers warehousing and distribution. has seen these ups and downs. But he to see the differentiation between our While the company formerly known said the first collapse he experienced, in the “why stop at a red light” story. However, two business types,” said Andy Cates, as Wilkinson & Snowden has built itself 1974, was “the most sobering.” let’s focus on one aspect of this story – the executive vice president of Brokerage into a powerhouse of property buying, “As the market here developed and timing of the consequences. Services, while emphasizing the syn- selling, leasing and management over grew to the extent it has, we see the When the consequences are immediate, ergy within the company, “but I would the past six decades, there is no avoid- downturns and they’re pretty heavy you are more likely to pay attention and fac- imagine that I talk to the guys in that ing the depressed real estate economy swings, but there’s still a basic activ- tor them into your choice. For example, many office (Asset Services) 10 to 12 times a in recent years. ity that’s going on, whether it’s lease people are fully aware of the almost certain day about deals I’m working on, what Kornegay, though, said the market is renewals or lease workouts or whatever negative consequences of smoking. However, they’re doing, the market and every- showing signs of life. it happens to be,” he said. “I think in my it is most likely that they will not have to “pay thing else.” “It’s improving – I think that’s a fair early years, without the major economic the bill” for smoking in terms of the health On the other side of that six-lane, way to say it,” Kornegay say. “Would I growth factors that were occurring in consequences until some distant future date. asphalt fissure is Brad Kornegay, presi- say it’s strong? The answer is no.” Memphis, I think the downturns were So, they light up, have another cigarette, and dent of Asset Services, representing the While corporate America is some- don't worry about it. What if every time they institutional ownership and landlords of what flat, he continued, there is plenty colliers continued on P32 made a choice to smoke a cigarette, they knew it might be the tipping-point cigarette that would trigger cancer almost immedi- ately? What if, like running a red light, they might immediately suffer significant negative consequences of smoking that particular cigarette? Typically if someone asks you at the be- ginning of your day what you are going to do that day, you reply with a list of tasks, meet- ings and so forth and so on. Here’s another valid response: “Today I am going to make choices all day long.” If you want to make bet- ter choices, personal or career, think about the consequences of each choice in terms of the red light analogy. What if the consequenc- es of this choice occurred immediately?

Chris Crouch is CEO of DME Training and Consulting. 26 August 16-22, 2013 www.thememphisnews.com

emphasis: Commercial Real Estate City of Memphis Considers Multitude of Options For Beleaguered Raleigh Springs Mall

Amos Maki [email protected]

he city of Memphis is considering would that attract retailers,” said Housing facilities are built at the mall site. one of the city’s first two shopping malls, acquiring the Raleigh Springs Mall and Community Development director For instance, if the city built a new traf- with the other being Southland Mall. The T site as part of a civic-driven effort to Robert Lipscomb. fic division at the mall, it could sell the old mall, developed by the former Edward J. revive the former retail hub. But acquiring the mall site and making Schnucks site at Austin Peay Highway and DeBartolo Corp., one of the leaders of U.S. “We’re going to explore every option we public improvements to lure investment Yale Road it acquired for the traffic divi- mall design and construction, remained a have, but yes, that is certainly an option,” would involve a maze of city divisions and sion relocation. Or if a new library is built citywide draw for years, with anchor stores said City Council member Bill Morrison, properties at a time when the city’s financ- there, the city could sell the existing library Sears, JCPenney, Goldsmith’s and Dillard’s. whose district includes the area. es have come under intense scrutiny. property near the Kmart farther south on But the vitality of the mall began to “The original dream plan was some- “This is a very, very complex deal that Austin Peay. change as more and more shopping op- body would come in and buy it and we has tons of moving parts,” Morrison said. “I’ve been very careful not to expand tions became available. could team up and work on it, but that The mall, anchor stores and even some the capital budget,” Morrison said. One by one, the anchor stores began hasn’t happened.” of the parking lot areas have multiple own- The vacant anchor stores and un- to close in the early part of the decade, Local officials have grown tired of the ers. finished demolition of the JCPenney mortally wounding the once-thriving retail beleaguered mall’s condition and the nega- In May, a Monaco-based ownership store have been painful reminders to the destination. tive impact it is having on Raleigh. group, acting as two Delaware-based residents and business owners on the city’s Sears, the last remaining anchor store, “We just can’t wait and we need to limited liability corporations, acquired the northern edge of the faded glory of the announced in 2011 that it was closing, and move forward with what we’re doing,” JCPenney’s site and another parcel just retail center – and in some ways, the area demolition of the vacant JCPenney store Morrison said. south of it for around $2.1 million. Sears around it. began in 2012. The main thrust of the city plan is still owns its property on the southern end “That’s my No. 1 constituent com- Lipscomb said the mall is a crucial geared toward using public resources – of the mall. plaint, Raleigh Springs Mall,” said state piece of stitching together a brighter future such as a library, police station and traffic Morrison said the plan under con- Rep. Antonio Parkinson, D-Memphis. “It’s for Raleigh. division, walking trails, a skateboard park sideration would use capital funds that been killing the property values in the area “It’s a huge anchor for the whole com- and other improvements – to attract pri- already have been budgeted or are already and keeping businesses out of here. The munity, which is a great community,” vate investment. planned and that the city could sell off community deserves better than that.” Lipscomb said. “You have to show the “We’re looking at the civic side and properties it owns in the area if new city Built in 1971, Raleigh Springs Mall was community you care.”

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emphasis: Commercial Real Estate EDGE Approves Incentives for Wright

Amos Maki [email protected]

rlington-based Wright revenue for Memphis and Shelby many instances like this that are taxes for every $1 abated. citizens, Shelby Countians, have Medical Group Inc. is one County while saving the com- truly a win-win-win.” Wright had not delivered its an opportunity,” Bright said. Astep closer to relocating its pany $4.6 million. EDGE said the Wright Medical said the Diversity Report to the EDGE Griffin said the move to headquarters to Memphis. average salary of the 35 new em- relocation will include all of the board prior to Wednesday’s the Cherry Road campus – the Wright won approval ployees would be $70,000 and the company’s “core administrative, meeting. former home of Holiday Inns and Wednesday, Aug. 7, from the average salary of the 225 retained executive, sales, accounting, and Harrah’s Entertainment – in the board of the Economic Develop- employees would be $108,000. research and development func- heart of East Memphis, allows ment Growth Engine of Memphis The medical device com- tions.” most Wright employees to stay and Shelby County for a 15-year pany’s $290 million sale of its Or- The company will leave its close to home while being nearer tax freeze to allow the company thoEcon knee- and hip-implant current location by Oct. 1. Wright the area’s amenities, such as to retain 225 jobs, add 35 new business is driving the reloca- will lease a total of 89,834 square housing, restaurants and retail. jobs and invest $10.6 million into tion. Wright has been consider- feet at the East Memphis campus “We’ve got a lot of people a new headquarters on Cherry ing multiple sites for a possible – 63,834 square feet in Building 1 affected by this,” Griffin said. Road in East Memphis. relocation, including out-of-state and 26,000 square feet in Build- We’ve got a lot of “We didn’t want to go to Jackson, Wright senior vice president locations and the wooded office ing 2. people affected by Miss., for example, and expect and general manager Bill Griffin park at 1023 Cherry Road. The application approved by this (relocation).” these people to drive two hours said the payment-in-lieu-of- The deal means most of the EDGE board allows Wright to work every day.” taxes agreement was critical to Wright’s current employees will to add properties to the PILOT – Bill Griffin Griffin described the local Senior vice president, Wright Medical Group the company’s ability to keep the remain employed in Shelby as long as the cost-benefit ratio incentives process, which has jobs in Shelby County. County because OrthoEcon equals at least $2 in new tax rev- come under fire by some over the “I don’t know that we would would keep the knee and hip enue for every $1 of taxes abated. “ years for being too cumbersome, consider another place at this operations at Wright’s current The company’s total investment EDGE board Chairman as a relatively simple one and point,” said Griffin. “If we had not headquarters, at 5640 Airline could be $9 million instead of the Al Bright reminded company praised EDGE staff and leader- got this approval today, we would Road in Arlington. projected $10.6 million, as long executives that the citizens of ship. have gone back to the drawing “This will be their worldwide as the project’s cost ratio exceeds Shelby County were supplying “Memphis was very com- board.” headquarters for their orthopedic $3 in new tax revenue for every the incentives and urged them to petitive, and we were able to EDGE said the project would business,” said Wright senior vice $1 abated. The current projected think locally when hiring. determine that right away,” create $19 million in new tax president Julie Tracy. “There’s not cost-benefit ratio is $4.56 in new “I want to make sure that our Griffin said.

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news

Memphis standout Hester Keeps Projects Running Smoothly

returning home to work for his father the Grinder Haizlip and has 13 years with the year following graduation. company under his belt. He’s thrilled with “I decided that I wanted to try some- the manager Hester has become. thing different, came up to Memphis, and “We caught him right out of school, Grinder Haizlip gave me the opportunity and I’ve taught him everything that I to work for them,” Hester said. “I started know,” McDermott said. “I always tell Len Instead of a hammer learning the ins and outs of the commer- if you unzipped him, I’d come out in terms in hand, I’ve got a cial side of things; instead of a hammer in of the way he writes, the way he estimates, pencil in hand now.” hand, I’ve got a pencil in hand now.” the way he manages. It’s been fun molding That was eight years ago and, though Len from what he knew from college to – Len Hester Project manager, Grinder Haizlip Construction Co. he said it was a challenge becoming accli- what he knows now.” mated to managing commercial construc- As project manager, Hester’s workday “ tion projects, he’s risen to the task and doesn’t consist solely of visiting con- and has worked on high-profile projects looks at himself as “a business inside of a struction sites to check on progress and such as the Wright Medical Technology business.” budgeting; he also has to think about the Inc. headquarters in Arlington, New Ballet “I’m responsible for my own projects; next job and sell himself and the company Ensemble, the Grizzlies Sportsplex and I’m responsible for the well-being and suc- to prospective clients. McDermott said the renovation of Memphis Theological cess of my project and, in turn, I’m respon- that most companies break out such tasks, Seminary. sible for the profitability that the company but at Grinder Haizlip, one must bring a Hester Hester grew up in the construction wants me to have,” Hester said. “multi-set of tools.” business, though on the residential side, Those projects lean to the commercial Selling at any time is a challenge and Richard J. Alley working summers with his father’s com- side and have included renovation of the was specifically where the pinch was felt Special to The Memphis News pany, Tupelo-based Danny Hester Home Cordova AAA Auto Care Center, Dobbs Nis- during the economic downturn as more Improvements. san, Dobbs Honda and other car dealer- companies vied for fewer jobs. en Hester is a project manager for He left Tupelo for Mississippi State ships. He’s presently at work on a Porsche/ “Absolutely, selling yourself is the most Grinder Haizlip Construction Co., University, where he earned a Bachelor of Volkswagen and an Audi dealership for challenging,” Hester said. La general contractor that special- Business Administration in management Gossett Motor Cars on Covington Pike. izes in industrial and commercial projects of construction and land development, Chris McDermott is vice president of hester continued on P33

Sustainability Project Green Fork Celebrates Five Years of Preaching Green

Andy Meek [email protected]

roject Green Fork in recent days “We already had in the making an At the same time, the organization certified the 55th restaurant on a event at Felicia’s, which is she did this 11 works hard to gin up plenty of attention P roster of eateries the organization months of giving,” McNeeley said. “One and support for participating local restau- has helped become more environmen- night per month, she’ll have a special rants. As a result of its work, Project Green tally friendly. menu, which is three drinks and three Fork has helped recycle a little more than That restaurant is The Corked Carrot, small plates, and all proceeds go toward 1.1 million gallons of plastic, glass and a craft wine bar and bistro Downtown the nonprofit she chose for the month. aluminum; 500 metric tons of cardboard at 314 S. Main St. And the organization’s Since she’s a Project Green Fork Restau- and paper; and almost 150,000 gallons of founder, Margot McNeeley, is especially rant and on our board, she chose Proj- food waste. proud of that new certification – because ect Green Fork. So we decided it would Participating Project Green Fork of a happy coincidence. coincide with our birthday month and we restaurants include YoLo Frozen Yogurt, Five is an important number for could do a party and a fundraiser at the Huey’s and Cheffie’s Café, among others. Project Green Fork at the moment, since same time. So that’s what we’re doing for The full list is available at projectgreen- the nonprofit’s 55th certification comes our birthday.” fork.org. around the same time Project Green Indeed, there’s much to celebrate. The A few months ago, Project Green Fork Fork is celebrating its fifth birthday. This impact of the organization’s work belies successfully completed a Kickstarter month marks exactly five years since the fact it has a staff of just one – McNee- campaign, crowd funding a project that’s (Matt Timberlake) McNeeley’s brainstorm gave birth to a ley, who has been supplemented by the resulted in new recycling containers in Project Green Fork founder Margot Mc- venture that in 2008 got its official 501(c) help of interns through the years. Cooper-Young. Neeley talks with Tsunami chef and owner (3) status. According to the venture, the aver- “We, through a grant from the Of- Ben Smith. Project Green Fork is celebrat- At the end of the month, Project Green age restaurant churns out 50,000 pounds fice of Sustainability, were able to get ing its fifth anniversary this month. Fork is marking the occasion with a bash of garbage a year, almost 95 percent of those two new containers, and then the at Felicia Suzanne’s Restaurant. Attendees which could be recycled or composted. Kickstarter campaign to have the con- UrbanArts to paint it. So we’re keeping it can enjoy three small drinks and three Project Green Fork was started because of tainers kind of match the look and vibe cleaner over there, and we’re publicizing it small bites in the bar or on the patio for that reality, and it supports a sustainable of Cooper-Young,” McNeeley said. “The as a drop-off area for businesses and resi- $25 per person, with all proceeds going Memphis by helping restaurants reduce Kickstarter is over, and we raised enough dents. That’s probably one of the biggest toward Project Green Fork. their environmental impact. money to pay for the design and to pay things we’ve done in the past year.” www.thememphisnews.com August 16-22, 2013 29

Turley Shows Interest in Developing Central Station

A partnership consisting of Henry could be razed like Union Station, but The new Overton Square Babalu will be been voted Mississippi Magazine’s Best Turley and Community Capital is the MATA stepped in to guide the restoration the second one opened by Bill Latham Appetizer the last three years. only entity so far to express interest in the and adaptive reuse of the historic buildings and Al Roberts. Latham and Roberts Also, Philip and David Gould management and development of Central and surrounding property. have an impressive restaurant have leased 2,045 square feet at Station. The Central Station redevelopment background. They opened Amper- 2093 Madison for Gould’s on the Memphis Area Transit Authority sought project, completed in 1999, included 63 ages, the American-Italian restau- Square. The salon/spa will join 11 proposals for an ownership and manage- apartments and 35,000 square feet of com- rant and CHAR, a Chicago-style existing Gould’s location when it ment partnership along with a develop- mercial space. Central Station hosts the steakhouse. They sold both opens later this year. ment proposal for additions to the 17-acre Memphis Farmers Market and houses the restaurants in 2006 to open “Gould’s is a well-known facility that anchors the southern side Amtrak station serviced by the City of New Interim, the original Babalu in local brand that will drive of the bustling South Main Historic Arts Orleans train, meeting space, law offices, a Jackson, Miss., and Table 100 the expected daytime salon District. police precinct and MATA operations. in Flowood, Miss. Amos Maki and spa traffic to Overton MATA would like to see development The Central Station project helped In early 2012, they teamed Inked Square,” said Aaron Petree, of the roughly five acres on the east side of spark the rebirth of South Main into the with chain restaurant execu- vice president of brokerage for Front Street between G.E. Patterson and thriving residential, arts and entertain- tives Mike Stack and Ned Lidvall to form Loeb Properties. “They will also have con- Georgia avenues, a prime piece of Down- ment district that it is today, with 34 local the restaurant holding company Eat Here venient evening and weekend hours and town real estate. retailers, 25 locally owned restaurants and Brands. Stack is the former chairman and will be a nice complement to our existing “Their preliminary concept is to de- more than $100 million in development CEO of McAlister’s Deli restaurants and retail, fitness and restaurant users.” velop apartments on the vacant property,” projects underway or about to start. former chairman of Quaker Steak & Lube. said Tom Fox, MATA deputy general man- Lidvall is the former president and chief Sunstar Insurance Group LLC has ager. “We will work with them over the next In other news, two more tenants have operating officer of On the Border Cafes signed a new lease for 2,266 square feet few months as they refine their concept.” inked leases to be part of Overton Square. and former president and CEO of Rock at the four-story East Memphis office Central Station for decades served as Eat Here Brands signed a lease for Bottom Restaurants. building adjacent to Oak Court Mall. John the centerpiece of the South Main district roughly 5,000 square feet of restaurant “The atmosphere of the area comple- Lichetrman represented Sunstar. Bentley after it was built in 1914, supplying the space in Overton Square to open Babalu ments what you can expect when dining Pembroke of Commercial Advisors/Cush- neighborhood and the businesses there Tacos & Tapas. Construction on the space with us – a fun experience with a variety man & Wakefield represented the landlord. with a steady stream of travelers and com- will begin this fall and the restaurant of cool and unique menu options,” said merce. should open early next year. Latham. Send commercial lease announcements The building fell into disrepair by the The restaurant will be located in the old Babalu is known for its guacamole, to Amos Maki, who can be reached at 521- early 1990s and there were fears that it TGI Friday’s spot at 2113 Madison Ave. which is made fresh at the table and has 2464 or [email protected].

REAL ESTATE RECAP An affiliate of Miami Beach, Fla.- And the 0.9-acre outparcel at based loan servicer LNR Partners 6668 Winchester Road is home to LLC bought the property – com- a 4,448-square-foot McDonald’s posed of four parcels – in a July built in 1989. Its 2013 appraisal is Winchester Court Sells 31 substitute trustee’s deed from $629,800. Harris P. Quinn of the law firm Prochaska Thompson Quinn & Fer- 7955 Market Plaza Drive For $6 Million After raro PC. Memphis, TN 38016 The previous owner, Winchester Improvements LLC, whose owner Permit Cost: $5 million Foreclosure is listed in care of Tarrytown, N.J.- Project Cost: TBA based DLC Management, defaulted Permit Date: Applied August 2013 on an $8.8 million loan through Completion: TBA Eric Smith Owner: [email protected] Wachovia Bank NA dated Nov. 7, Globus Partners 2006, prompting the foreclosure Tenant: Hilton Garden Inn proceedings. Contractor: N/A The property includes the main Details: The owner of 2.8 acres of retail center at 6740 Winchester vacant land at 7955 Market Plaza Road and three outparcels, at Drive in Cordova has filed a $5 6600 Kirby Parkway, 6648 Win- million permit to build a Hilton

chester Road and 6668 Win- Garden Inn.

y w

k chester Road. Globus Partners filed the applica-

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y Built in 1987, Winchester Court tion with the city-county Office of

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i at 6740 Winchester is a Class B, Construction Code Enforcement to K Winchester Rd 221,945-square-foot strip center on bring a five-story, 124-room hotel to 19.7 acres at the northeast corner the property.

d of Kirby Parkway and Winchester. The parcel sits on the south side

R Winchester Court s

s The Shelby County Assessor of of Market Plaza Drive, just west of

o R Property’s 2013 appraisal is $4.9 North Germantown Parkway and million. behind the Countrywood Crossing The center is anchored by Win- shopping center, along the road chester Farmers Market and Mem- that runs between Kohl’s and Kirk- phis Furniture, and includes other land’s Home. 6740 Winchester Road • Memphis, TN 38115 retailers. No architect or contractor was The 1.9-acre outparcel at 6600 listed on the permit. 6740 Winchester Road Kirby Parkway is home to a The land is in the Galleria of Mem- Memphis, TN 38115 13,484-square-foot CVS pharmacy phis Planned Development second built in 2010. Its 2013 appraisal is amendment outline and has an ap- Sale Amount: $6 million $2.1 million. praised value of $950,000, accord- Sale Date: July 31, 2013 The 1.1-acre outparcel at 6648 ing to the Shelby County Assessor Buyer: WBCMT 2007-C31 Winchester Court LLC Winchester Road is home to a of Property. Seller: Harris P. Quinn, substitute trustee 5,164-square-foot fast food restau- Globus Partners bought the prop- Details: The Winchester Court retail center at Kirby Parkway and Winchester rant built in 1986. Its 2013 appraisal erty in 2009 for $1 million from Road in Hickory Hill has sold for $6 million following a foreclosure. is $553,600. TomBo Properties Inc. 30 August 16-22, 2013 www.thememphisnews.com

Health Care & Biotech memphis Law Talk Insurers Limit Stengel Advises New Lawyers Providers to Drive Down Costs To ‘Find Your Passion’

Jennifer Johnson Backer Richard J. Alley [email protected] Special to The Memphis News

n a bid to halt rising health care costs, local insurance carriers are The cases, though, are all of I pushing lower-cost plans with few- interest to him. Over the years he er choices of physicians and hospitals. has handled court-appointed work The tradeoff: In exchange for lower in federal court, including poten- overall health care costs, some Ameri- tial capital cases, plus white-collar cans may have to switch physicians or There is, many times, crime, tax evasion, fraud cases end up paying higher out-of-network and property theft. Because of the rates to keep their longtime family something going on; it’s myriad situations that may lead a doctor. always different because person into criminal court, Stengel The trend isn’t new. But it has been lord only knows what’s has had to become somewhat of an accelerated by the Affordable Care Act going to happen with expert in many different areas. and the creation of Accountable Care the next phone call, but “You have to learn a lot more Organizations, a new kind of health “ than just surface about an issue,” he care model, says Gary Shorb, president today I am so far on said. “It makes this month different and CEO of Methodist Le Bonheur page 502 of an 1,198- from last month and likely different Healthcare. page PDF document from next month, which is just part “It results in a lot of thinking about reviewing stuff for a of the challenge, just the evolving how we work with health plans and case. Is there anything change, which I enjoy.” how we configure our different con- Stengel has argued cases in a tracts,” Shorb said. exciting about that? number of courts such as U.S. Tax Already, many insurance carri- Absolutely not.” Court, U.S. Claims Court, and the ers have purged the most expensive 6th, 8th and 11th Circuit Courts of –Michael Stengel physicians and hospitals from their Appeals. He has filed cases with the in-network provider ranks. U.S. Supreme Court but has yet to Insurance companies control ichael Stengel visited argue there. He was selected as one costs by negotiating to pay hospitals Memphis from his home of the top 100 lawyers in Tennessee Stengel and physicians lower reimbursement M in Buffalo, N.Y., for the first by Mid-South Super Lawyers maga- rates in exchange for creating limited time at just the right time. zine, 2011-2012; and as a Mid-South provider choices. While physicians and “I came down here in May to visit Super Lawyer for 2008-2012. hospitals receive less money for each and see what the place was like, and it was his own to begin Stengel Law Firm. When not in court or losing sleep over service, the narrower networks drive just gorgeous and, unbeknownst to me, The business of criminal defense is a particular case, Stengel enjoys attending more patient volume to in-network was going on,” he said. one that requires a lot of time in court and University of Memphis sporting events, providers. It was 1983 and he was beginning a lot of time getting ready to be in court, cooking and traveling with his wife. Con- “If the insurance companies want law school at the University of Memphis and Stengel’s experience with both act as trary to many professionals in high-stress to send consumers to really good Cecil C. Humphreys School of Law, having a cautionary tale to new and would-be jobs, he said that when he vacations he has places – then it is fine,” says Dr. David recently graduated from the University attorneys. the ability to completely shut himself off Mirvis, a professor with the depart- of Rochester. Thirty years later, and he’s a “You have to love it,” he said. “You’ve from the office. ments of preventive medicine and practicing attorney with his own firm – and got to be prepared for the unexpected, and “I’m just not important enough in the internal medicine at The University of still at home in the South. you’ve got to learn to live with the sleepless scheme of the world that they can’t live Tennessee Health Science Center. “The “I tell people I came down to Memphis nights before certain hearings.” without me.” problem is that if not-so-good players for law school and a local girl kept me,” he It’s an exciting career fraught with all of Regular decompression may be come into the market and undercut the said of his wife, Beth. the drama and curveballs that one might another piece of advice he would give to prices, then insurance carriers have to The Stengel Law Firm is largely one of expect. But be aware, he warned, there is young lawyers just beginning their careers. decide between quality and pricing.” criminal defense, an area he wasn’t even the dull side as well, and the cautionary With three decades’ experience filing mo- Historically, providers have had considering as a law student. tale can grow even more harrowing. tions and objections, he is a wealth of such more pull than insurance companies “I was not planning on going into “There is, many times, something go- knowledge for law school graduates about and consumers in setting health care criminal law until I got a job doing crimi- ing on; it’s always different because lord to enter what is, today, a difficult and prices, said Mirvis, who also is a senior nal defense work and just fell in love with only knows what’s going to happen with highly competitive market. research fellow in the Methodist Le it,” Stengel said. the next phone call, but today I am so far The simplest, though, may be the one Bonheur Center for Health Care Eco- That job, which began with a clerkship on page 502 of an 1,198-page PDF docu- he followed years ago when he traveled nomics at The University of Memphis. just before law school graduation, was with ment reviewing stuff for a case,” Stengel from Buffalo to Memphis: “Find your But by restricting networks, payers gain Clifton & Shankman, which later became said. “Is there anything exciting about that? passion and figure out a way to earn more bargaining power. Clifton & Stengel. In 1994, he went out on Absolutely not.” a living at it.” That tug-of-war between payers and providers has forced consolidation in many larger markets – something that is unlikely to happen in Memphis, Mirvis said. That’s because the Memphis mar- Memphis-Based Triumph Bank Reports Profitable Quarter ket is already very consolidated and there are a handful of local players that Triumph Bank doubled its in operating expenses as a amount of past due loans and in East Memphis and Little provide care for the region. profit in the second quarter percentage of assets,” the bank a sharp percentage decrease in Rock. Triumph is picking up In Tennessee, the rates for plans compared to 2012. The bank said in a letter to shareholders. foreclosed properties.” M&P Bank Home Loans and that will be sold this fall on the state’s reported almost $780,000 in These indicate we are effi- The bank also has reached Community Bankers Mortgage health insurance exchange haven’t yet profit for the quarter ended ciently using our capital and a deal to acquire the mortgage Group, divisions of Merchants been released. But plans that will be June 30, up from $388,164 dur- that our operations, as we gain division of Merchants & Plant- & Planters Bank. Triumph will sold on California’s state-run exchange ing the same period in 2012. scale, can improve efficiency. ers Bank. M&P Bank Home bring the operations of M&P “We registered growth Our asset quality showed Loans is a Collierville mort- Bank Home Loans under its networks continued on P33 in revenues and a decrease improvement with a miniscule gage lender with offices also Triumph Mortgage Division. www.thememphisnews.com August 16-22, 2013 31

Real Estate & Development Home Sales Rise 19 Percent in July

Shelby County netted 1,695 sales price. in position to secure loans. $152,222, up 12 percent from Average home home sales in July, up 19 percent Collierville’s 38017 ZIP code “Sellers are feeling more $135,586 in July 2012. sales prices from 1,420 sales in July 2012, had the highest number of sales confident about the market,” Through July, 8,808 exist- according to real estate informa- in July, with 117 homes taken Hubbard said. “We still have a ing homes were sold in Shelby jumped 10 tion company Chandler Reports, off the market. Cordova North’s challenge as far as buyers are County, up 10 percent from www.chandlerreports.com. 38016 ZIP code was second, with concerned because lending 7,979 last year. The average year- percent in July to Average home sales prices 114 homes sold. Next was the standards are stricter than in the to-date sales price of an exist- $156,310, up from jumped 10 percent in July to University of Memphis 38111 ZIP past. So we have to work with ing home was $129,803, up 11 $156,310, up from $142,180 in code with 112 sales. buyers more to make sure they’re percent from $117,029 over the $142,180 in 2012. July 2012. Total sales volume for Collierville led the way in ready when it’s time to buy.” same period last year. the month was $264.9 million, sales volume at $36.1 million, Doug Collins of Prudential There were 1,431 non-bank Sales volume was up 31 percent from $201.8 mil- while Germantown East’s 38139 Collins-Maury Inc. said the sales in July, up 30 percent from $264.9 million, up lion a year ago. ZIP code had the highest average increase in interest rates likely 1,098 in July 2012. Year-to-date “We are doing really well sales price at $389,164. caused some potential purchas- non-bank sales jumped 21 per- 31 percent from with the numbers in our market Year to date, 9,303 homes ers to go ahead and buy. cent – from 6,009 to 7,406 – over in July, which is our time,” said have been sold in Shelby County, “You had an uptick in the the same period last year. $201.8 million a Memphis Area Association of Re- up 10 percent from 8,420 over interest rates, which turns fence- There were 264 bank, or year ago. altors president Regina Hubbard. the same period last year. Total sitters into buyers,” said Collins. foreclosure, sales in July, down “When I talk to agents, they sales volume through July was There were 73 new homes 18 percent from 322 in July 2012. feel better, they’re upbeat, their $1.3 billion, up 22 percent from sold in July, down 13 percent Year-to-date bank sales are down Amos Maki business is coming back, and $1 billion over the same period from 84 new homes sold in 18 percent – from 2,321 to 1,897 - [email protected] they’re breathing again,” Hub- last year. The average sales price July 2012. Through July, 495 over the same period last year. bard said. “I feel confident we’ll through July was $136,552, up 10 new homes were sold in Shelby Foreclosure notices see it through the end of the year percent from $123,697 over the County, up 12 percent from 441 were down 15 percent in July, ike the temperatures out- even with interest rates being up same period last year. over the same period last year. with 561 recorded in 2013 com- side, Shelby County home just a little bit.” Hubbard said more and more There were 1,622 existing pared to 659 last July. L sales continued to gain Of Shelby County’s 33 ZIP sellers were entering the market homes sold in July, up 21 percent “Overall, the worst of the steam in July, with key indicators codes, 22 had an increase in as the industry gains momentum from 1,336 existing homes sold market ended in 2011 and posting double-digit percentage overall sales activity and 26 ex- and Realtors are working hard to in July 2012. The average price we’ve been improving since,” increases over last year. perienced an increase in average make sure potential buyers are of an existing home in July was said Collins.

Real Estate & Development Permit Activity Cools in July

Amos Maki [email protected]

helby County home building activity Hyneman (6: 2,193; $178,551). cooled in July, with builders pulling Grant Homes led the way in sales with S fewer permits and selling fewer new eight averaging $225,770. Charles Morgan homes compared to July 2012. Builders of Vintage Homes sold four homes averag- pulled 77 permits in July, down 6.1 percent ing $152,236 and Hallmark sold three from 82 permits filed in July 2012. The av- homes averaging $384,592. A dwindling erage permit in July measured 2,958 square supply of lots in prime locations also likely feet and $225,199 compared to 3,080 and contributed to the decline in permits $229,633 in July 2012. pulled and new homes sold. Homebuilders also didn’t sell as many “We are quickly working through all homes in July as they did the same month the ‘A’ lots and there’s not a lot left,” Grant a year ago. Builders sold 38 new homes said. “I think the reality is that inventories in July, down 48.6 percent from 74 new on lots are getting low. With inventories homes sold in July 2012. The average sales getting lower, sales are going to come price of a new house in July was $271,540, down.” up 4.6 percent from $259,540 in July 2012. According to MarketGraphics, the cur- Interest rate fluctuations and tighter rent lot inventory in the Memphis market lending standards likely played a role in – which includes Crittenden County in buyers possibly sitting on the sidelines in , DeSoto County in Mississippi, March, April, May and June, when the sales and Shelby, Tipton and Fayette counties in contracts were first entered into, said Keith Tennessee – is 13,543. Grant of Grant Homes. But the total market demand for lots “Interest rates are higher now than from 2013 to 2018 is 22,530. Of that num- they were six months ago and I know ber, 11,187 lots will be needed in Shelby they’ve had an impact,” Grant said. “I had County alone. To keep pace with demand, two people approved for houses, rates 22,962 lots will need to be developed went up and they couldn’t get approved at before the end of 2018. In addition to the my price point.” shrinking number of lots, lending stan- Friday at 7:00pm WKNO Regency Homebuilders LLC was the dards are stricter for builders and buyers. Friday at 7:30pm WKNO2 top builder as tracked by permits in July “The loan business is tough,” said with 15 averaging 2,958 square feet and Memphis Area Home Builders Associa- Sunday at 8:30am WKNO $225,199. Regency was followed by Grant Homes (9; 3,166; $238,133) and Kevin permits continued on P33 32 August 16-22, 2013 www.thememphisnews.com

legislature continued from P14 ation petition that a legal opinion from Transportation the Tennessee attorney general’s office held was not legal. In January, Jim Tomasik, one of those Airport Elects Brockman President residents, will launch a petition to drive to get Memphis City Council member Bill Bill Dries Boyd recalled as a council member. [email protected] “Why is it just because we are in the county of Shelby County, we are supposed ith no debate and a unani- “Our strength has not been in com- $1.2 million ahead of expenses and to bail the city of Memphis out of their mous vote, the Memphis- municating and we continue to work better than expected. Some of that is financial mayhem that they’ve created,” W Shelby County Airport on that,” Sammons said. “Not all the the result of a continuing “residual use Tomasik said. “We didn’t make this mess. Authority board of commissioners news we are delivering these days is agreement” with Delta that continues We don’t want anything to do with it.” on Thursday, Aug. 15, approved Scott good news.” through the end of the current fiscal Boyd said he is not concerned about Brockman as the airport’s next presi- The latest drop in the number of year with negotiations for the next fis- the recall effort. He is also opposed to dent and CEO. Delta daily flights and the de-hubbing cal year scheduled for February. requiring a referendum before a city or Brockman, chief operating officer of Memphis International takes full Although Memphis will no longer town can annex an area already in its for the Airport Authority, will assume effect next month. But the airport’s be a Delta hub, Delta will continue to state-required growth plan and re- the duties in July 2014 when current daily flight numbers for July reflected have flights at the airport in the range serve area. president and CEO Larry Cox retires. the coming changes, as Delta is already of 60 scheduled a day. “I don’t think the citizens would ever Airport Authority board Chairman routing more passengers on regional or Brockman detailed a “sensitiv- approve any annexation. It’s a fairness Jack Sammons recommended Brock- connecting flights through their flag- ity study” the airport has done that thing, in my opinion,” he added. “It’s an man for the post. Sammons said he ship hub in Atlanta. explores different scenarios for what imaginary line, and right across the street, had been “neutral” about him as a suc- Airport figures for July show 408,950 could happen once the de-hubbing in some instances, are the citizens who cessor to Cox until he started working passengers, down 36 percent from takes full effect. It includes how other are paying all the taxes for the streets, the with Brockman on a daily basis seven 640,345 the same month a year ago. airlines, which the airport is aggres- streetlights. Those residents (on the other months ago. The 128 scheduled daily flights in July sively courting, might react. side) go to work, they go to church … they “I talk to him every day and I’m par- were a 30 percent drop from the 184 The other airlines have a tendency utilize those services that only Memphis ticularly impressed by his intellect and scheduled flights a year ago. to believe that with Delta leaving as a taxpayers pay for. It’s a fairness thing.” his common sense,” Sammons said. The difference in the percentages hub carrier, the terminal fees and other “What does that say about Memphis?” “Scott cares about this airport.” also reflects Delta’s shift not only to costs of using the airport facilities and McManus asked of Boyd’s claim that Sammons also said Brockman Atlanta but away from smaller 50-seat gates may go much higher. voters would reject annexation. “Give the shares his “sense of urgency” about jets to larger jets for the flights that “While our rates and charges go people the right to vote. … If you need the how to deal with changes at the airport, remain part of its Memphis air service. higher, they don’t go exponentially money and people have the right to vote, including the de-hubbing of Memphis Meanwhile, the authority is prepar- higher to a point where any of the you are going to look within and you are by Delta Air Lines Inc. and public criti- ing for the November start of service by airlines said we would not be able to going to do everything you can to make cism about diminishing flight options Southwest Airlines as well as the con- handle that. We’ve had those discus- this city a better city.” and high airfares. version of AirTran flights to the South- sions,” Brockman said, noting recent He termed the South Cordova an- Sammons said despite the public west brand that began this month. talks with United Airlines executives nexation a “land grab” meant to garner relations problems, the airport as a The board announced revenues for that came in at a much lower terminal revenue. Boyd said the annexation was facility is well run. July of $10 million, which were about rate than they expected. “almost a wash” in terms of revenues the city gets from property taxes versus what it spends to provide services to the area. chandler continued from P11 qualified borrowers are still being able to Tennessee Bank’s July mortgage volume “Why are these people living right lock in for 30 years in the mid-4s, which is was $2.5 million, down from $4.5 mil- next door to Memphis if they don’t like is increasing. The market seems to be get- extremely attractive,” Weaver said. “Many lion in July 2012, according to Chandler Memphis, if it’s so terrible?” Boyd said. ting better.” homeowners that refinanced but delayed Reports. “Why do they go to church, why do they And Triumph isn’t sitting on the moving during the Great Recession Independent Bank’s mortgage vol- go to work, why do they do all of these market’s sidelines. Chase’s bank recently believe this low-rate window of opportu- ume, though, was up during the same things inside the city of Memphis if they inked a deal that more than quadruples nity is closing. These families have built period, rising from $170,850 to $316,000. think it’s a failing and terrible city to live its mortgage staff by acquiring the mort- some financial strength and stability over But Magna Bank’s volume fell, from $15.4 next door to?” gage division of Merchants & Planters the past five years and feel they’re ready million to $6.8 million. Tomasik countered Millington’s recent Bank. to invest in a new home, even though Community Mortgage Corp. is gener- referendums on annexation, which saw That effectively grows Triumph’s the economy hasn't fully recovered. As ally out in front of the competition from residents of Kerr vote down annexation, mortgage staff from five to 22. a result, our builders are seeing much one month to the next when it comes to while residents in Lucy approved it. Steve Weaver, regional bank president stronger demand for their product, which mortgage volume, and its volume was up McManus said the legislature’s study for the Memphis area for First State Bank, is keeping mortgage volume elevated.” during July. Community Mortgage Corp.’s of the issue will likely pit the Tennessee said his colleagues continue to see mort- July’s overall gains for the month July volume was $16.6 million, up from Municipal League, representing cities gage demand in the local market move weren’t reflected across the board in the $11.7 million one year earlier. and towns opposed to such referendums, toward purchases. numbers posted by the biggest banks against “representatives like myself who “Although long-term rates have risen based in Memphis. Chandler Reports is a division of The are listening very closely to what the citi- slightly over the past couple of months, The picture, in fact, was mixed. First Daily News Publishing Co. Inc. zens are saying.” But the legislature passed the 1990s legislation that requires counties to have “growth plans” – plans in which the cities colliers continued from P25 recap continued from P6 and towns within a county negotiate and agree on what unincorporated parts will probably more extreme than they are today.” said Monogram generally allows the employee or applicant to be in their annexation reserve areas. One advantage the Colliers team seized upon during the work with authorities to resolve the issue. The cities and towns then begin to recession was in the retail sector. Taking hold of the trend, “We don’t do anything unless there is evidence,” he said. extend infrastructure in those areas in they set up an entity as a special servicer and receiver of retail Another panelist, Judy Bell, a senior executive in human anticipation of future annexation. centers whose owners had defaulted on loans. Building upon resources and development with HRO Partners, addressed “When the person moved into the already established relationships, the team took on an influx questions about workplace bullying and harassment. South Cordova area, at the closing they of centers. Kornegay handled property management with Employers need to have a zero tolerance policy that makes should have been notified that there Cates overseeing leasing. With the activity in office space and it clear to employees and managers that those behaviors will was a lawsuit pending,” Boyd said. “That retail, Cates’ enthusiasm for his industry, and for Memphis not be permitted, she said. should have been on your closing state- in particular, is infectious. Kornegay, too, sees nothing but “I’m a big proponent of ethics hotlines,” she said. “These ment. … It’s about two pages.” growth for Colliers International’s slice of the Mid-South, behaviors need to be discouraged.” McManus said he was aware of the which includes real estate south of the state line, an area he Other lively panel discussion addressed everything from reserve area. But he said the lack of city calls a “hot spot” since 2006. the use of psychological and personality assessments to make notice after several years of legal motions “I do expect development and activity down there to con- job hires to how to deal with employees who request addition- was a “PR nightmare” of the city’s making. tinue, even more so than Memphis,” Kornegay said. “What’s al accommodations because of medical conditions like adult “I will say there are an awful lot good for North Mississippi is good for Memphis; what’s Attention Deficit Disorder (ADD). of people who had absolutely no good for Memphis is good for North Mississippi. It’s a ben- “Human resources is very strained – and the role they have idea,” he said. efit to the region.” at the table needs to be taken seriously,” Patten said. www.thememphisnews.com August 16-22, 2013 33 happenings Lohrey Stage, 630 Perkins Road Extended. hester continued from P28 Buy tickets at theatrememphis.org. With “the economic issues like Playhouse on the Square will host a performance of Playhouse on the Square will present “Les Miserables” Friday, Aug. 16, through Sept. 15 we’ve been faced with over the last “Les Miserables” to benefit the Memphis Child Advocacy at Playhouse, 66 S. Cooper St. Buy tickets at few years, you’ve got to come smarter » playhouseonthesquare.org. and more creative,” Hester said. “In Center Saturday, Aug. 17, at 8 p.m. at Playhouse, 66 S. an economic downturn there’s not Eclectic Eye will host a Starck Eyes trunk much work out there, which means Cooper St. A pre-performance reception and silent auction show Friday, Aug. 16, from 2 p.m. to 6 p.m. everybody’s looking at the same stuff, at its Collierville boutique, 3670 S. Houston begin at 6 p.m. Tickets are $60 and are available through so you’re working twice as hard to keep Levee Road, suite 102, and an l.a. Eyeworks the same amount of work.” trunk show Saturday, Aug. 17, from noon to 4 He credits company leaders and MCAC, 888-4342. p.m. at its Midtown boutique, 242 S. Cooper St. Visit eclectic-eye.com. their foresight to diversify with endur- ing the crisis. The Booksellers at Laurelwood will host With an eye toward the future, » Community The Indie Memphis Concert Film Series at Emma Webb as part of its Summer Bistro he’s recently completed the exam to the Levitt Shell will feature Paul McCartney Music Series Saturday, Aug. 17, from 6 p.m. become a Leadership in Energy & Memphis Police Foundation will host a & Wings’ “Rockshow” Saturday, Aug. 17, at to 8 p.m. at the bookstore, 387 Perkins Road Fallen Officer Memorial fundraising night at Environmental Design (LEED) Green dusk at the shell, 1928 Poplar Ave. in Overton Extended. Visit thebooksellersatlaurelwood. the Memphis Redbirds game Friday, Aug. 16. Associate, gaining the credentials Park. Cost is free. Visit indiememphis.com. Gates open at 5 p.m. for live music and beer com. needed to be certified to manage con- specials; first pitch is at 7:05 p.m. Dugout Talk Shoppe will meet Wednesday, Aug. 21, struction of green buildings. Though tickets are $20, with $6 being donated to the The Cooper-Young Business Association from 9 a.m. to 10 a.m. at DeVry University, he hasn’t worked on any yet, he’s “more project. Visit memphispolicefoundation.org. will feature Underway Jazz as part of the Red 6401 Poplar Ave., sixth floor. Jerry Thomas aware of the effect construction has of The Sedona Group will present “Interview Hot Summer concert series Wednesday, Aug. Memphis Urban League Young Profession- 21, from 6:30 p.m. to 8:30 p.m. in the gazebo on the world.” als will hold its Empowerment Conference Tips for Today’s Market.” Cost is free. Visit at Cooper Street and Young Avenue. Cost is He worked with the family busi- Friday, Aug. 16, and Saturday, Aug. 17, at the talkshoppe.biz or call Jo Garner at 482-0354. Hilton Memphis, 939 Ridge Lake Blvd. The free. Visit cooperyoung.biz. ness in Tupelo, and he feels he’s found a conference is designed to empower, engage The Greater Memphis Chamber will host family here in Grinder Haizlip. It’s also and educate professionals ages 21 to 40. Cost a conversation with Bill Strickland, CEO of The Buckman Arts Center at St. Mary’s rewarding to be able to meet the needs is $65 for members and $75 for nonmem- Manchester Bidwell Corp. and author of School presents “Thought=Art,” featuring “Making the Impossible, Possible,” Wednes- of repeat customers and “the satisfac- bers. Register at ypempowerment2013. works by Tara Browning, Michael Gravois and day, Aug. 21, from 11:30 a.m. to 1 p.m. at The tion that comes with the completion eventbrite.com. Billy Moore, in the Levy Gallery, 60 Perkins , 149 Union Ave. Strickland’s of a construction project, to take a step Road Extended. The exhibit runs through Eyewear Gallery will host free back-to-school topic is “The Art of Leadership & The Business back upon completion and know that I Sept. 13. Visit buckmanartscenter.com. vision screenings Friday, Aug. 16, from 9 a.m. of Social Change.” Cost is $35 for mem- was a part of making it happen.” to 5 p.m. at the store, 428 Perkins Road Ex- bers and $40 for nonmembers. R.S.V.P. at tended. Space is limited. R.S.V.P. at 763-2020. memphischamber.com or call 543-3571. Eclectic Eye hosts the “Musings of an Hester and wife Christina are Unconscious Mind” by Joseph Arthur at the parents to 2-year-old Meredith, and The Orpheum Theatre will present the The Rotary Club of Memphis East will meet boutique’s Midtown showroom, 242 S. Cooper he enjoys time away from work as an “Aloha from Hawaii” 40th anniversary en- Wednesday, Aug. 21, at noon at The Racquet St. The show runs through Sept. 25. Visit avid outdoorsman, fly fishing, duck hanced screening, part of Elvis Week events, Club of Memphis, 5111 Sanderlin Ave. David eclectic-eye.com. Friday, Aug. 16, at 7:30 p.m. at the theater, 203 Coffey, professor at The University of Tennes- and deer hunting. He’s also president S. Main St. Tickets are $35; VIP tickets, which see at Martin, will speak. Cost is $17. R.S.V.P. of the American Kennel Club-affiliated include a reception at Graceland from 5 p.m. to Lee Hughes at [email protected]. David Lusk Gallery hosts the “Price is Mid-South Hunting Retriever Club, an Right,” an annual exhibition of original works to 6:30 p.m., are $89. Visit ticketmaster.com. organization 50 members strong work- The Downtown Parking Authority will meet less than $1,000 at the gallery, 4540 Poplar ing to promote and train the retriever Shelby Farms Park Conservancy and Wednesday, Aug. 21, at 4 p.m. in the Down- Ave. The show runs through Aug. 24. Visit Memphis Area Master Gardeners will host town Memphis Commission conference room, davidluskgallery.com. breed. a monthly Greenline Gardens workshop for 114 N. Main St. Visit downtownmemphiscom- Hester was weaned on construction adults Saturday, Aug. 17, from 9 a.m. to 10 mission.com. Gallery Ten Ninety One hosts the Memphis/ and is building his own career now on a a.m. in the Greenline Gardens, at the corner of Farm and Mullins Station roads. The topic Germantown Art League national exhibition in foundation rooted in Grinder Hai- is “Bees, Butterflies and Hummingbirds.” Cost » THE ARTS the WKNO Digital Media Center, 7151 Cherry zlip’s simple yet focused mantra: “Do is free for park members and $5 for nonmem- Theatre Memphis will present “The Royal Farms Road. The exhibit is on display through quality work on time and within the bers. Email [email protected]. Family” Friday, Aug. 16, through Sept. 1 on the Aug. 29. Call 458-2521. client’s budget.”

networks continued from P30 for a number of employers in the area, in- levels, and it changes the way people are permits continued from P31 cluding FedEx Corp., the city of Memphis, paid – and you have to react to that with are cheaper than expected, but with fewer and Shelby County employees’ plans, constraints … especially when you have tion president Don Caylor of Summerset choices of physicians and providers. offers some plans that exclude Baptist patients who expect certain things.” Homes Inc. “It’s still tough to get banks to Consumers who want UCLA Medical Memorial Health Care Corp. hospitals Shorb says he thinks the move to give a loan to buy a house or a construc- Center may only have one carrier choice: and physicians, but include Methodist- narrower networks isn’t just about tion loan.” Anthem Blue Cross, the Los Angeles affiliated providers. fewer choices for consumers. It’s about a Collierville’s Wolf River Ranch subdivi- Times reported. Likewise, consumers The carrier’s plans may also soon move to a model of care that will create sion saw the most activity in July, with six who purchase Blue Shield of California exclude Saint Francis-affiliated providers financial incentives for large managed permits averaging 3,908 square feet and plans will have access to about 36 percent and hospitals. groups that include primary care doctors, $374,000. Looking at permit activity by ZIP of the carrier’s statewide physician net- A Cigna spokeswoman confirmed specialists, social workers, pharmacists code, Collierville’s 38017 led the way in July work. Tenet Healthcare Corp., the parent of and nurses to work together to manage a with 15 permits averaging 3,508 square West Tennessee residents who Saint Francis, and Cigna can’t agree on a patient’s overall health. feet and $314,343. But while the number of purchase insurance coverage through new contract. The current contract ends The way for a company to make sure permits issued and sales recorded in July Community Health Alliance on the state’s Sept. 5. it is delivering care efficiently is to make were down from last year, the number of exchange this fall will be directed to pro- “We are willing to continue negotia- sure it has a network of closely aligned permits and sales year to date are ahead of viders at Baptist Memorial Health Care tions and would like for Saint Francis to physicians, he added. last year, albeit slightly. facilities. remain part of our network. However, we While the creation of accountable Through July, builders pulled 558 per- The Knoxville-based insurance carrier have an obligation to protect the interests care organizations like the one Shorb mits for new homes averaging 3,232 square was created with a $73 million federal of our clients and customers and ensure described is in its infancy, many experts feet and $252,695 compared to 551 new loan in August 2012 to provide competi- that they have access to high-quality doc- think that’s where health care is headed. homes averaging 3,187 square feet and tion to other for-profit insurance carriers. tors and hospitals at a reasonable cost,” Accountable care organizations are reim- $242,541 over the same period last year. The exclusive agreement could be a Cigna said in a prepared statement. bursed one lump sum to manage a group Through July, builders sold 462 new homes boon for the Memphis-based Baptist sys- Mirvis says the shifting market dy- of patients, rather than billing individu- averaging $258,710, up from 431 new tem, which operates 14 hospitals across namics driven by the Affordable Care Act ally for each service. If they are successful homes averaging $242,233 over the same West Tennessee, North Mississippi and are putting pressure on both insurance in keeping patients healthy, they make a period last year. eastern Arkansas. Locally, many insur- carriers and providers. profit. “Overall I think most builders are ex- ance carriers already market lower-cost “Everyone is going to get squeezed “What’s going to matter is where tremely optimistic,” Caylor said. “This has plans with fewer physician and hospital in terms of what is going to be expected that extra money goes,” Mirvis said. been a tough market we’ve come through choices to employers. of them in exchange for less money,” he “Does it reduce premiums and improve and people are going to be cautious but Cigna Corp., which provides coverage said. “This is market reform at multiple overall care?” they’re optimistic.” 34 August 16-22, 2013 www.thememphisnews.com

Week of 8/5/13 - 8/11/13

crosswords The Weekly

Crossword Edited by Margie E. Burke The Weekly Crossword by Margie E. Burke ACROSS 1234 56789 10 11 12 13

1 Reduce to 14 15 16 rubble 5 Area within 17 18 19 10 That girl's 20 21 22 23 14 Sponsorship (var.) 24 25 26 15 Without warmth 27 28 29 30 31 32 33 34 16 October birthstone 35 36 37 38 17 Bee, to Andy 39 40 41 42 43 18 Sundae topping 19 Religious 44 45 46 47 48 ceremony 49 50 51 52 20 Pull up stakes 22 Embellished 53 54 55 24 Academic 56 57 58 59 60 61 62 63 period 26 Nervous 64 65 66 67 swallow 68 69 70 27 Element named after Greek 71 72 73 goddess of the moon Copyright 2013 by The Puzzle Syndicate 31 Lilo's pet 35 City map abbr. 73 Get better, as a 33 Colonial 52 Comedy routine 36 Twist the top off cut newsman 54 Herman's Her- 38 Lincoln Center 34 Fictional Potter mits frontman offering DOWN 37 Flashy flower 56 Up to the task 39 Like some 1 Part of ROM 40 Seizure disorder 57 Can't do without excuses 2 Shivery fever 42 1991 Denzel 58 Look after 41 Radio knob 3 Galvanizing Washington film 59 No ___, no fuss 43 Dubai dignitary metal 45 Sign of sorrow 61 Actor's gig 44 Take in, as a 4 Monticello, for 47 Spreadsheet 62 Notion child one unit 63 Monk's hood 46 Unemotional 5 Typo 50 Mob-scene 66 Stage prompt 48 Part of rpm 6 Frozen over participant 49 Naysayer 7 In ____ straits Answer to Last Week's Crossword 51 Lineage 8 Threw 53 Anagram for forcefully CARP SHAME PRES "nail" 9 Feverish malady AFAR TA LON RARE Emphasis Issues 55 Hollandaise 10 Sailor's jig R I D I CULOUS EM I R sauce ingredient 11 Grand in scale AROMA THRU FREE 56 Waiting area 12 Hourly charge TENANT ANEM I A 60 Man of the cloth 13 Husky's tow READ OX I DE What’s Coming Up 64 Road Runner 21 Bill of fare TRAY BEATUP DAR sound 23 Singing voice HAP ABA LONE ENG 65 Slight amount 25 SlimyWeek substance of 8/5/13I MP - 8/11/13MYR I AD OREO 67 Brouhaha 27 Waldorf, e.g. SPACE DELL AUGUST 23 68 Periscope part 28 Steer clear of LUNACY RUDDER FINANCIAL SERVICES 69 Come to pass 29 Slot machine SPOT POUT THEME 70 Ball of yarn fruit TOO L ARCHDEACON 71 Circular current 30 Tropical ray ELSE CACAO NOTE 72 Roll back to zero 32 Dangle a carrot MEAT ELATE DR EW SEPTEMBER 6 CONSTRUCTION & DESIGN

Sudoku Edited by Margie E. Burke  Edited by Margie E. Burke SEPTEMBER 13 Difficulty : Easy HEALTH CARE HOWHO WTO TO SOLVE: PLAY Each row must contain the   numbers 1 to 9; each column must contain the numbers 1  to 9; and each set of 3 by 3 SEPTEMBER 27 boxes must contain the EDUCATION     numbers 1 to 9.   Answer to Last Week's Sudoku                        For information about advertising in these upcoming issues,            contact your account executive or Advertising Director  Donna Waggener at 901-528-8122 or    [email protected]  Copyright 2013 by The Puzzle Syndicate www.thememphisnews.com AugustAugust 16 16-22, - 22, 2013 35

public notices

Foreclosure Notices following parties may claim an interest Subdivision a plat of which appears of of redemption, homestead, dower, and Related Info in the above-referenced property: Mary record in Plat Book 9, at Page 120, all other exemptions which are expressly Fayette County E Yager; James L Yager; ABN AMRO in the Register’s Offi ce of Madison waived in the Deed of Trust, said property Also read our daily edition, The Daily Mortgage Group, Inc.; Trustmark Na- County, Tennessee reference to being real estate situated in Madison News, in print or online every business tional Bank which plat is hereby made for a more County, Tennessee, and being more day for public notices for Memphis & The sale held pursuant to this Notice particular description of said lot. particularly described as follows: Shelby County. NOTICE OF TRUSTEE’S SALE may be rescinded at the Successor ALSO KNOWN AS: 51 Sedgefi eld Being Lot Number One Hundred Six Go to www.memphisdailynews.com or WHEREAS, default has occurred in the Trustee’s option at any time. The right Drive, Jackson, Tennessee 38305- (106), Phase 2, Section 1, Station call 683.NEWS for more information. performance of the covenants, terms, is reserved to adjourn the day of the 5976 Oaks, a Plat of which appears of and conditions of a Deed of Trust Note sale to another day, time, and place This sale is subject to all matters record in Plat Book 9 at Page 302 dated August 31, 2005, and the Deed certain without further publication, upon shown on any applicable recorded plat; in the Register’s Offi ce of Madison of Trust of even date securing the same, announcement at the time and place any unpaid taxes; any restrictive cov- County, Tennessee. recorded September 8, 2005, at Book for the sale set forth above. W&A No. enants, easements, or setback lines ALSO KNOWN AS: 42 Union Fort Drive, D796, Page 1 in Offi ce of the Register 817-234876 that may be applicable; any statutory Jackson, Tennessee 38305-6484 of Deeds for Fayette County, Tennessee, DATED August 7, 2013 rights of redemption of any governmental This sale is subject to all matters Trustee will, on September 26, 2013 on executed by Mary E Yager and James WILSON & ASSOCIATES, P.L.L.C., agency, state or federal; any prior liens shown on any applicable recorded plat; or about 11:00 A.M., at the Madison L Yager, conveying certain property Successor Trustee or encumbrances as well as any priority any unpaid taxes; any restrictive cov- County Courthouse, Jackson, Tennes- therein described to William Graig Hall FOR SALE INFORMATION, VISIT WWW. created by a fi xture fi ling; and to any enants, easements, or setback lines see, offer for sale certain property here- as Trustee for ABN AMRO Mortgage MYFIR.COM and WWW.REALTYTRAC. matter that an accurate survey of the that may be applicable; any statutory inafter described to the highest bidder Group, Inc.; and the undersigned, Wilson COM premises might disclose. In addition, the rights of redemption of any governmental FOR CASH, free from the statutory right & Associates, P.L.L.C., having been ap- Aug. 16, 23, 30, 2013 Fin11593 following parties may claim an interest agency, state or federal; any prior liens of redemption, homestead, dower, and pointed Successor Trustee. in the above-referenced property: Joyce or encumbrances as well as any priority all other exemptions which are expressly NOW, THEREFORE, notice is hereby Jenkins created by a fi xture fi ling; and to any waived in the Deed of Trust, said property given that the entire indebtedness has The sale held pursuant to this Notice matter that an accurate survey of the being real estate situated in Madison been declared due and payable; and Foreclosure Notices may be rescinded at the Successor premises might disclose. In addition, the County, Tennessee, and being more that an agent of Wilson & Associates, Trustee’s option at any time. The right following parties may claim an interest in particularly described as follows: P.L.L.C., as Successor Trustee, by virtue Madison County is reserved to adjourn the day of the the above-referenced property: Franklin Beginning at a stake in the Southwest of the power, duty, and authority vested sale to another day, time, and place L. Compton; Annie S. Compton corner of B.F. Wallace’s lot in the in and imposed upon said Successor certain without further publication, upon The sale held pursuant to this Notice North margin of Crescent Avenue Trustee will, on September 9, 2013 on NOTICE OF TRUSTEE’S SALE announcement at the time and place may be rescinded at the Successor at a point 202 feet East of the East or about 10:00 A.M., at the Fayette WHEREAS, default has occurred in the for the sale set forth above. W&A No. Trustee’s option at any time. The right margin of Prospect Avenue; runs County Courthouse, Somerville, Ten- performance of the covenants, terms, 1455-230460 is reserved to adjourn the day of the thence West with the North margin nessee, offer for sale certain property and conditions of a Deed of Trust Note DATED August 8, 2013 sale to another day, time, and place of Crescent Avenue 50 feet to Long’s hereinafter described to the highest dated May 4, 2007, and the Deed of WILSON & ASSOCIATES, P.L.L.C., certain without further publication, upon Southeast corner; runs thence North bidder FOR CASH, free from the statu- Trust of even date securing the same, Successor Trustee announcement at the time and place with Long’s East boundary line 150 tory right of redemption, homestead, recorded May 7, 2007, at Book T1798, FOR SALE INFORMATION, VISIT WWW. for the sale set forth above. W&A No. feet to an alley; thence East with said dower, and all other exemptions which Page 117 in Offi ce of the Register of MYFIR.COM and WWW.REALTYTRAC. 1286-237656 valley 50 feet to Wallace’s Northwest are expressly waived in the Deed of Deeds for Madison County, Tennessee, COM DATED August 7, 2013 corner; thence South with West line Trust, said property being real estate executed by Joyce Jenkins, conveying Aug. 16, 23, 30, 2013 Fin11594 WILSON & ASSOCIATES, P.L.L.C., of said Wallace lot 150 feet to the situated in Fayette County, Tennessee, certain property therein described to Successor Trustee point of beginning; in the Register’s and being more particularly described Atty. Arnold M Weiss, a resident of NOTICE OF TRUSTEE’S SALE FOR SALE INFORMATION, VISIT WWW. Offi ce of Madison County, Tennessee, as follows: Shelby County as Trustee for Mortgage WHEREAS, default has occurred in the MYFIR.COM and WWW.REALTYTRAC. to which plat reference is hereby made The following described lot or parcel Electronic Registration Systems, Inc., as performance of the covenants, terms, COM for a more particular description of of land situated in the 12th Civil nominee for Homecoming Financial, LLC and conditions of a Deed of Trust Note Aug. 16, 23, 30, 2013 Fin11596 said property. District of Fayette County, TN, and (fka Homecomings Financial Network, dated April 30, 2004, and the Deed of ALSO KNOWN AS: 143 Crescent being more particularly described as Inc.), its successors and assigns; and Trust of even date securing the same, NOTICE OF TRUSTEE’S SALE Avenue, Jackson, Tennessee 38301- follows, to-wit: the undersigned, Wilson & Associates, recorded May 5, 2004, at Book T1579, WHEREAS, default has occurred in the 4365 Tract Number 2: Beginning 20 feet P.L.L.C., having been appointed Suc- Page 641 in Offi ce of the Register of performance of the covenants, terms, This sale is subject to all matters West of center in road at Southeast cessor Trustee. Deeds for Madison County, Tennessee, and conditions of a Deed of Trust Note shown on any applicable recorded plat; corner of the Northeast Quarter Sec- NOW, THEREFORE, notice is hereby executed by Franklin L. Compton and dated March 25, 2004, and the Deed of any unpaid taxes; any restrictive cov- tion 18 and ran North 670.0 feet to a given that the entire indebtedness has Annie S. Compton, conveying certain Trust of even date securing the same, re- enants, easements, or setback lines stake 20 feet West of center in road; been declared due and payable; and property therein described to Arnold M. corded March 31, 2004, at Book T1568, that may be applicable; any statutory thence with the residue of the North- that an agent of Wilson & Associates, Weiss, Esq. as Trustee for Wells Fargo Page 492 in Offi ce of the Register of rights of redemption of any governmental east Quarter of Section 18 West 550 P.L.L.C., as Successor Trustee, by virtue Home Mortgage, Inc. Deeds for Madison County, Tennessee, agency, state or federal; any prior liens feet to a stake at Northwest corner of the power, duty, and authority vested ; and the undersigned, Wilson & Associ- executed by Marilyn McBride, conveying or encumbrances as well as any priority of the 8.4 acres; thence South with in and imposed upon said Successor ates, P.L.L.C., having been appointed certain property therein described to created by a fi xture fi ling; and to any the residue 686 feet to stake in South Trustee will, on September 12, 2013 on Successor Trustee. Lawyers Title Insurance Corp as Trustee matter that an accurate survey of the boundary line; thence with the North or about 11:00 A.M., at the Madison NOW, THEREFORE, notice is hereby for Mortgage Electronic Registration premises might disclose. In addition, the boundary line of Lewis East 550 feet County Courthouse, Jackson, Tennes- given that the entire indebtedness has Systems, Inc., as nominee for Sunset following parties may claim an interest in to the Point of Beginning; containing see, offer for sale certain property here- been declared due and payable; and Mortgage Company, L.P., its succes- the above-referenced property: Marilyn 8.4 acres, more or less. inafter described to the highest bidder that an agent of Wilson & Associates, sors and assigns; and the undersigned, McBride; Wells Fargo Financial Bank; Less and Except FOR CASH, free from the statutory right P.L.L.C., as Successor Trustee, by virtue Wilson & Associates, P.L.L.C., having Norwest Financial Tennessee, Inc.; Being a part of the James L. Yager of redemption, homestead, dower, and of the power, duty, and authority vested been appointed Successor Trustee. Wells Fargo Financial Bank 8.4 acres as recorded in Deed Book all other exemptions which are expressly in and imposed upon said Successor NOW, THEREFORE, notice is hereby The sale held pursuant to this Notice 280, Page 200 in the Fayette County waived in the Deed of Trust, said property Trustee will, on September 26, 2013 on given that the entire indebtedness has may be rescinded at the Successor Register’s Offi ce, Fayette County, being real estate situated in Madison or about 11:00 A.M., at the Madison been declared due and payable; and Trustee’s option at any time. The right Tennessee and being more particu- County, Tennessee, and being more County Courthouse, Jackson, Tennes- that an agent of Wilson & Associates, is reserved to adjourn the day of the larly described as follows: particularly described as follows: see, offer for sale certain property here- P.L.L.C., as Successor Trustee, by virtue sale to another day, time, and place Beginning at a point in Honeysuckle Being Lot Number Three Hundred inafter described to the highest bidder of the power, duty, and authority vested Road, 200 feet West of centerline, Twelve (312), Section III, Briar Hill FOR CASH, free from the statutory right in and imposed upon said Successor Continued on page 36 said point being located 220.83 feet North of the Southeast corner of James L. Yager and the Northeast corner of R. L. Lewis (114/28); thence North 88 degrees 12 minutes 49 seconds West a distance of 544.95 feet to a point in the East line of Nancey Hall (251/808); thence along said East line North 01 degrees 04 minutes 06 seconds East a distance of 434.81 feet to a point; thence along the North line of Yager and the South line of Charles Baker (330/687); South 89 degrees 33 minutes 05 seconds East a distance of 545.74 feet (called 550.0 feet) to a point in Honeysuckle Road (20 feet West of centerline); thence along Honeysuckle Road South 01 degrees 10 minutes 10 seconds East a distance of 447.54 feet to the Point of Beginning and containing 5.52 acres. [Legal Description revised pursuant to attorney’s affi davit fi led May 16, 2013 as Instrument 13003128] ALSO KNOWN AS: 430 Honeysuckle Road, Moscow, Tennessee 38057 This sale is subject to all matters shown on any applicable recorded plat; any unpaid taxes; any restrictive cov- enants, easements, or setback lines that may be applicable; any statutory rights of redemption of any governmental agency, state or federal; any prior liens or encumbrances as well as any priority created by a fi xture fi ling; and to any matter that an accurate survey of the premises might disclose. In addition, the 36 AugustAugust 1616-22, - 22, 2013 2013 www.thememphisnews.com

public notices

Foreclosure Notices P.L.L.C., as Successor Trustee, by virtue Place, Section E, North 00 degrees sale to another day, time, and place Pugh and James Leslie Pugh, conveying Continued from page 35 of the power, duty, and authority vested 46 minutes 26 seconds West, a dis- certain without further publication, upon certain property therein described to Di- in and imposed upon said Successor tance of 80.00 feet to a found rebar announcement at the time and place ane Slack and Todd Goodhart as Trustee certain without further publication, upon Trustee will, on August 28, 2013 on or being the Northwest corner of Lot 64, for the sale set forth above. W&A No. for Mortgage Electronic Registration announcement at the time and place about 10:00 A.M., at the Tipton County also being the Southwest corner of 1286-130783 Systems, Inc, as nominee for Fieldstone for the sale set forth above. W&A No. Courthouse, Covington, Tennessee, of- Lot 65 of said subdivision; thence in DATED July 26, 2013 Mortgage Company, its successors and 1286-237715 fer for sale certain property hereinafter a Northeastwardly direction, along WILSON & ASSOCIATES, P.L.L.C., assigns; and the undersigned, Wilson DATED August 7, 2013 described to the highest bidder FOR the North line of Lot 64, also being Successor Trustee & Associates, P.L.L.C., having been WILSON & ASSOCIATES, P.L.L.C., CASH, free from the statutory right of the South line of Lot 65, North 89 FOR SALE INFORMATION, VISIT WWW. appointed Successor Trustee. Successor Trustee redemption, homestead, dower, and all degrees 13 minutes 34 seconds MYFIR.COM and WWW.REALTYTRAC. NOW, THEREFORE, notice is hereby FOR SALE INFORMATION, VISIT WWW. other exemptions which are expressly East, a distance of 200.00 feet to a COM given that the entire indebtedness has MYFIR.COM and WWW.REALTYTRAC. waived in the Deed of Trust, said prop- found rebar on the West R.O.W. line Aug. 2, 9, 16, 2013 Fin11587 been declared due and payable; and COM erty being real estate situated in Tipton of Brenda Drive, being the Northeast that an agent of Wilson & Associates, Aug. 16, 23, 30, 2013 Fin11597 County, Tennessee, and being more corner of Lot 64, also being the NOTICE OF TRUSTEE’S SALE P.L.L.C., as Successor Trustee, by virtue particularly described as follows: Southeast corner of Lot 65; thence WHEREAS, default has occurred in the of the power, duty, and authority vested All that certain parcel of land situate in a Southeastwardly direction along performance of the covenants, terms, in and imposed upon said Successor in the County of Tipton, State of Ten- the West R.O.W line in Brenda Drive, and conditions of a Deed of Trust Note Trustee will, on August 28, 2013 on or Foreclosure Notices nessee being known and designated being the East line of Lot 64, South dated March 9, 2007, and the Deed of about 10:00 A.M., at the Tipton County as follows: 00 degrees 46 minutes 26 seconds Trust of even date securing the same, Courthouse, Covington, Tennessee, of- Tipton County Description of Lot 64 of Reeder East, a distance of 80.00 feet to the recorded March 23, 2007, at Book fer for sale certain property hereinafter Place, Section G, as recorded in Plat point of beginning and containing 1332, Page 77 in Offi ce of the Register described to the highest bidder FOR Cabinet C Slide 116, said property 0.3673 acres, more or less. of Deeds for Tipton County, Tennessee, CASH, free from the statutory right of being located on the West side of TAX ID: 95-L/A/64 executed by William Davis, conveying redemption, homestead, dower, and all NOTICE OF TRUSTEE’S SALE Brenda Drive (having a 50 feet total ALSO KNOWN AS: 313 Brenda Drive, certain property therein described to other exemptions which are expressly WHEREAS, default has occurred in the R.O.W.) and being situated in the 6th Munford, Tennessee 38058 Atty. Arnold M. Weiss, a Resident of waived in the Deed of Trust, said prop- performance of the covenants, terms, Election District of Tipton County, This sale is subject to all matters Shelby County as Trustee for Mortgage erty being real estate situated in Tipton and conditions of a Deed of Trust Note Tennessee. shown on any applicable recorded plat; Electronic Registration Systems, Inc., County, Tennessee, and being more dated December 18, 2003, and the Beginning at a found rebar in the any unpaid taxes; any restrictive cov- as nominee for Homecomings Financial, particularly described as follows: Deed of Trust of even date securing the West R.O.W. line of Brenda Drive enants, easements, or setback lines LLC (F/K/A Homecomings Financial Being Lot Number 12 located and same, recorded February 18, 2004, at (having a 50 feet total R.O.W.) that may be applicable; any statutory Network, Inc.), its successors and bounded as indicated and shown on Book 1122, Page 161 in Offi ce of the being the Southeast corner of Lot rights of redemption of any governmental assigns; and the undersigned, Wilson the map or plat of Hyde Park Mills, Register of Deeds for Tipton County, 64 of Reeder Place, Section G, as agency, state or federal; any prior liens & Associates, P.L.L.C., having been Inc. Subdivision Number 2 of record in Tennessee, executed by Rebecca R. recorded in Plat Cabinet C Slide 116, or encumbrances as well as any priority appointed Successor Trustee. Book 227, Page 510 of the Register’s Downing and Davin L. Downing, convey- also being the Northeast corner of created by a fi xture fi ling; and to any NOW, THEREFORE, notice is hereby Offi ce of Tipton County, Tennessee, ing certain property therein described to Lot 63 of said subdivision; thence in matter that an accurate survey of the given that the entire indebtedness has to which reference is hereby made Arnold M. Weiss, Esq. as Trustee for a Southwestwardly direction, along premises might disclose. In addition, the been declared due and payable; and for a more particular description of Wells Fargo Home Mortgage, Inc.; and the South line of lot 64, also being following parties may claim an interest that an agent of Wilson & Associates, said property. the undersigned, Wilson & Associates, the North line of Lot 63, South 89 in the above-referenced property: Re- P.L.L.C., as Successor Trustee, by virtue ALSO KNOWN AS: 201 Gillespie Drive, P.L.L.C., having been appointed Suc- degrees 13 minutes 34 seconds West becca R. Downing; Davin L. Downing; of the power, duty, and authority vested Covington, Tennessee 38019 cessor Trustee. a distance of 200.00 feet to a found Citifi nancial, Inc.; Citifi nancial, Inc in and imposed upon said Successor This sale is subject to all matters NOW, THEREFORE, notice is hereby rebar being the Southwest corner The sale held pursuant to this Notice Trustee will, on September 4, 2013 shown on any applicable recorded plat; given that the entire indebtedness has of Lot 64, also being the Northwest may be rescinded at the Successor on or about 10:00 A.M., at the Tipton any unpaid taxes; any restrictive cov- been declared due and payable; and corner of Lot 63 and being in the Trustee’s option at any time. The right County Courthouse, Covington, Ten- enants, easements, or setback lines that an agent of Wilson & Associates, East line of Lot 42 and 41 of Reeder is reserved to adjourn the day of the nessee, offer for sale certain property that may be applicable; any statutory hereinafter described to the highest rights of redemption of any governmental bidder FOR CASH, free from the statu- agency, state or federal; any prior liens tory right of redemption, homestead, or encumbrances as well as any priority dower, and all other exemptions which created by a fi xture fi ling; and to any are expressly waived in the Deed of matter that an accurate survey of the Trust, said property being real estate premises might disclose. In addition, the situated in Tipton County, Tennessee, following parties may claim an interest and being more particularly described in the above-referenced property: James as follows: Leslie Pugh; Timothy James Pugh; Being Lot 23 of Hickory Hollow Betty J. Pugh; Stephanie Pugh; Ricky Subdivision, Section A, consisting of and Donna Elrod; Timothy James Pugh; approximately 9.4 acres as shown on James Leslie Pugh; RAB Performance reach e plat of record in Plat Book 2, Page Recoveries LLC as of Chase Bank n’t ver 81, in the Register’s Offi ce of Tipton USA do yb County, Tennessee, to which plat The sale held pursuant to this Notice e o reference is hereby made for a more may be rescinded at the Successor d particular description of said Lot. Trustee’s option at any time. The right W y ALSO KNOWN AS: 460 Hickory Hol- is reserved to adjourn the day of the low Drive, Drummonds, Tennessee sale to another day, time, and place 38023 certain without further publication, upon This sale is subject to all matters announcement at the time and place shown on any applicable recorded plat; for the sale set forth above. W&A No. any unpaid taxes; any restrictive cov- 700-210930 enants, easements, or setback lines DATED July 25, 2013 that may be applicable; any statutory WILSON & ASSOCIATES, P.L.L.C., rights of redemption of any governmental Successor Trustee agency, state or federal; any prior liens FOR SALE INFORMATION, VISIT WWW. or encumbrances as well as any priority MYFIR.COM and WWW.REALTYTRAC. created by a fi xture fi ling; and to any COM matter that an accurate survey of the Aug. 2, 9, 16, 2013 Fin11588 premises might disclose. In addition, the following parties may claim an interest in NOTICE OF TRUSTEE’S SALE the above-referenced property: William WHEREAS, default has occurred in the Davis performance of the covenants, terms, The sale held pursuant to this Notice and conditions of a Deed of Trust Note may be rescinded at the Successor dated May 4, 2001, and the Deed of Trustee’s option at any time. The right Trust of even date securing the same, is reserved to adjourn the day of the recorded May 8, 2001, at Book 941, sale to another day, time, and place Page 208 in Offi ce of the Register certain without further publication, upon of Deeds for Tipton County, Tennes- Just a whole lot of somebodies. announcement at the time and place see, executed by Rick J. Abrams and for the sale set forth above. W&A No. Carol Abrams, conveying certain property 931-237462 therein described to Thomas F. Baker, We think you’ll agree – there’s not a more DATED July 26, 2013 IV as Trustee for First Horizon Home powerful advertising vehicle for reaching WILSON & ASSOCIATES, P.L.L.C., Loan Corporation d/b/a First Tennes- Successor Trustee see Home Loans; and the undersigned, the city’s professional community. FOR SALE INFORMATION, VISIT WWW. Wilson & Associates, P.L.L.C., having MYFIR.COM and WWW.REALTYTRAC. been appointed Successor Trustee. COM NOW, THEREFORE, notice is hereby Aug. 2, 9, 16, 2013 Fin11589 given that the entire indebtedness has been declared due and payable; and NOTICE OF TRUSTEE’S SALE that an agent of Wilson & Associates, WHEREAS, default has occurred in the P.L.L.C., as Successor Trustee, by virtue performance of the covenants, terms, of the power, duty, and authority vested and conditions of a Deed of Trust Note in and imposed upon said Successor dated April 13, 2004, and the Deed of Trustee will, on October 2, 2013 on or Trust of even date securing the same, about 10:00 A.M., at the Tipton County recorded April 14, 2004, at Book 1133, Courthouse, Covington, Tennessee, of- Page 138 and re-recorded on May 25, fer for sale certain property hereinafter 2004, at Book 1141, Page 582 in Of- described to the highest bidder FOR fi ce of the Register of Deeds for Tipton CASH, free from the statutory right of County, Tennessee, executed by James redemption, homestead, dower, and all Visit TheMemphisNews.com or call 683.NEWS Leslie Pugh Timothy James Pugh Betty other exemptions which are expressly J. Pugh Stephanie Pugh Timothy James waived in the Deed of Trust, said prop- www.thememphisnews.com AugustAugust 16 16-22, - 22, 2013 37

public notices

erty being real estate situated in Tipton 25 feet to a distance of 45.74 feet and the title is believed to be good, but any unpaid taxes; any restrictive cov- Related Info County, Tennessee, and being more to the point of beginning according to the Substitute Trustee will convey and enants, easements, or setback lines particularly described as follows: survey of Larry L. Campbell, License sell only as Substitute Trustee. The right that may be applicable; any statutory Also read our daily edition, The Daily Being Lot Number 2 of Roberts Number 665 whose address is 866 is reserved to adjourn the day of the sale rights of redemption of any governmental News, in print or online every business Estates, Section A, as recorded at Ridgeway Loop Road, Memphis, TN, to another day or time certain without agency, state or federal; any prior liens or day for public notices for Memphis & Plat Cabinet D, Slide 110-B, in the Dated June 4, 1991. further publication, upon announcement encumbrances as well as any priority cre- Shelby County. Register’s Office of Tipton County, ALSO KNOWN AS: 55 Hillview Drive, at the time for the above. ated by a fixture filing; and to any matter Go to www.memphisdailynews.com or Tennessee, to which reference is Munford, Tennessee 38058 This is an attempt to collect a debt that an accurate survey of the premises call 683.NEWS for more information. hereby made for a more particular This sale is subject to all matters and any information obtained will be might disclose. In addition, the following description of said property. shown on any applicable recorded plat; used for that purpose. parties may claim an interest in the ALSO KNOWN AS: 5508 Highway any unpaid taxes; any restrictive cov- Other interested parties: LVNV Fund- above-referenced property: Margaret J. 59 West, Covington, Tennessee enants, easements, or setback lines ing, LLC Raines; Erin Capital Management, LLC 38019 that may be applicable; any statutory This 31st day of July, 2013. Assignee of Providian National Bank This sale is subject to all matters rights of redemption of any governmental William Timothy Hill, Substitute The sale held pursuant to this Notice shown on any applicable recorded plat; agency, state or federal; any prior liens Trustee may be rescinded at the Successor any unpaid taxes; any restrictive cov- or encumbrances as well as any priority Aug. 9, 16, 23, 2013 Fin11590 Trustee’s option at any time. The right enants, easements, or setback lines created by a fixture filing; and to any is reserved to adjourn the day of the redemption, homestead, dower, and all that may be applicable; any statutory matter that an accurate survey of the NOTICE OF TRUSTEE’S SALE sale to another day, time, and place other exemptions which are expressly rights of redemption of any governmental premises might disclose. In addition, WHEREAS, default has occurred in the certain without further publication, upon waived in the Deed of Trust, said prop- agency, state or federal; any prior liens the following parties may claim an inter- performance of the covenants, terms, announcement at the time and place erty being real estate situated in Tipton or encumbrances as well as any priority est in the above-referenced property: and conditions of a Deed of Trust Note for the sale set forth above. W&A No. County, Tennessee, and being more created by a fixture filing; and to any Christopher Panel; Ronda Lynn Panel; dated February 27, 2004, and the Deed 1286-100457 particularly described as follows: matter that an accurate survey of the Ronda Lynn Panel of Trust of even date securing the same, DATED August 8, 2013 Lot 8, Campground Acres, Section A premises might disclose. In addition, the The sale held pursuant to this Notice recorded March 3, 2004, at Book 1124, WILSON & ASSOCIATES, P.L.L.C., as recorded at Plat Cabinet E, Slide following parties may claim an interest may be rescinded at the Successor Page 819 in Office of the Register of Successor Trustee 51 of the Tipton County Register’s in the above-referenced property: Rick Trustee’s option at any time. The right Deeds for Tipton County, Tennessee, FOR SALE INFORMATION, VISIT WWW. Office to which reference is hereby J. Abrams; Carol Abrams is reserved to adjourn the day of the executed by Margaret J. Raines, convey- MYFIR.COM and WWW.REALTYTRAC. made for a more particular descrip- The sale held pursuant to this Notice sale to another day, time, and place ing certain property therein described to COM tion of said Lot. may be rescinded at the Successor certain without further publication, upon Jeanine B. Saylor as Trustee for 1st Trust Aug. 16, 23, 30, 2013 Fin11595 ALSO KNOWN AS: 4776 Campground Trustee’s option at any time. The right announcement at the time and place Bank for Savings; and the undersigned, Road, Munford, Tennessee 38058- is reserved to adjourn the day of the for the sale set forth above. W&A No. Wilson & Associates, P.L.L.C., having NOTICE OF TRUSTEE’S SALE 3463 sale to another day, time, and place 817-220054 been appointed Successor Trustee. WHEREAS, default has occurred in the This sale is subject to all matters certain without further publication, upon DATED July 18, 2013 NOW, THEREFORE, notice is hereby performance of the covenants, terms, shown on any applicable recorded plat; announcement at the time and place WILSON & ASSOCIATES, P.L.L.C., given that the entire indebtedness has and conditions of a Deed of Trust Note any unpaid taxes; any restrictive cov- for the sale set forth above. W&A No. Successor Trustee been declared due and payable; and dated September 30, 2008, and the enants, easements, or setback lines 700-167105 FOR SALE INFORMATION, VISIT WWW. that an agent of Wilson & Associates, Deed of Trust of even date securing that may be applicable; any statutory DATED July 30, 2013 MYFIR.COM and WWW.REALTYTRAC. P.L.L.C., as Successor Trustee, by virtue the same, recorded October 6, 2008, rights of redemption of any governmental WILSON & ASSOCIATES, P.L.L.C., COM of the power, duty, and authority vested at Book 1413, Page 702 in Office of agency, state or federal; any prior liens Successor Trustee Aug. 9, 16, 23, 2013 Fin11592 in and imposed upon said Successor the Register of Deeds for Tipton County, or encumbrances as well as any priority FOR SALE INFORMATION, VISIT WWW. Trustee will, on October 2, 2013 on or Tennessee, executed by John Spicer, created by a fixture filing; and to any MYFIR.COM and WWW.REALTYTRAC. NOTICE OF FORECLOSURE about 10:00 A.M., at the Tipton County conveying certain property therein de- matter that an accurate survey of the COM AND SUBSTITUTE TRUSTEE’S SALE Courthouse, Covington, Tennessee, o f- scribed to Charles E. Tonkin, II as Trustee premises might disclose. In addition, the Aug. 9, 16, 23, 2013 Fin11591 Default having been made in the fer for sale certain property hereinafter for Mortgage Electronic Registration following parties may claim an interest terms and conditions of payments, pur- described to the highest bidder FOR Systems, Inc., as nominee for Mortgage in the above-referenced property: John NOTICE OF TRUSTEE’S SALE suant to a certain Deed of Trust executed CASH, free from the statutory right of Investors Group, its successors and Spicer WHEREAS, default has occurred in the by Rex Pettijohn and Jane Fenton, both redemption, homestead, dower, and all assigns; and the undersigned, Wilson The sale held pursuant to this Notice performance of the covenants, terms, unmarried, to Trace Robbins, Trustee, other exemptions which are expressly & Associates, P.L.L.C., having been may be rescinded at the Successor and conditions of a Deed of Trust Note dated the 25th day of July, 2007 and waived in the Deed of Trust, said prop- appointed Successor Trustee. Trustee’s option at any time. The right dated December 27, 2002, and the being of record in Book 1356, page 163, erty being real estate situated in Tipton NOW, THEREFORE, notice is hereby is reserved to adjourn the day of the Deed of Trust of even date securing Register’s Office for Tipton County, Ten- County, Tennessee, and being more given that the entire indebtedness has sale to another day, time, and place the same, recorded January 3, 2003, nessee, referred to herein as the deed particularly described as follows: been declared due and payable; and certain without further publication, upon at Book 1040, Page 795 in Office of of trust, which conveyed certain real Lot 36, McLister Place Subdivision, that an agent of Wilson & Associates, announcement at the time and place the Register of Deeds for Tipton County, property, appurtenances, estate, title as recorded at Plat Cabinet G, Slide P.L.L.C., as Successor Trustee, by virtue for the sale set forth above. W&A No. Tennessee, executed by Christopher and interest therein in trust to secure the 72, in the Register’s Office of Tipton of the power, duty, and authority vested 1286-237758 Panel and Ronda Lynn Panel, conveying indebtedness described therein, which County, Tennessee to which plat in and imposed upon said Successor DATED August 8, 2013 certain property therein described to indebtedness is now due and unpaid and reference is hereby made for a more Trustee will, on October 2, 2013 on or WILSON & ASSOCIATES, P.L.L.C., Kathryn L. Harris P.O. Box 54 Rossville has been declared in default by the law- particular description of said lot. about 10:00 A.M., at the Tipton County Successor Trustee Fayette County, TN 38066 as Trustee ful owner thereof, Beneficial Tennessee, ALSO KNOWN AS: 152 Royal Oaks Courthouse, Covington, Tennessee, o f- FOR SALE INFORMATION, VISIT WWW. for Mortgage Electronic Registration Inc. Appointment of Substitute Trustee Drive, Brighton, Tennessee 38011 fer for sale certain property hereinafter MYFIR.COM and WWW.REALTYTRAC. Systems, Inc. acting as a separate corpo- having been duly executed by the holder This sale is subject to all matters described to the highest bidder FOR COM ration solely as nominee for Community of the note and beneficiary of said Deed shown on any applicable recorded plat; CASH, free from the statutory right of Aug. 16, 23, 30, 2013 Fin11598 Mortgage Corporation and Community of Trust, and appointing William Timothy Mortgage Corporation’s successors and Hill as Substitute Trustee. assigns; and the undersigned, Wilson NOW, THEREFORE, I, William Timothy & Associates, P.L.L.C., having been Hill, Trustee, pursuant to the said Deed appointed Successor Trustee. of Trust, having been requested by the • Sales Comparables NOW, THEREFORE, notice is hereby owner and holder of said indebtedness given that the entire indebtedness has so to do, by virtue of the authority and been declared due and payable; and power vested in me by said deed of trust that an agent of Wilson & Associates, and appointing of Substitute Trustee P.L.L.C., as Successor Trustee, by virtue will on the 30th day of August, 2013, • Thousands of Photos of the power, duty, and authority vested at 12:00 noon, on the front door of the in and imposed upon said Successor Tipton County Courthouse, Covington, Trustee will, on September 18, 2013 Tennessee, sell at public outcry to the on or about 10:00 A.M., at the Tipton highest bidder for cash (or credit upon • Commercial Property Profiles County Courthouse, Covington, Ten- the indebtedness secured, if the holder nessee, offer for sale certain property is the successful purchaser) the follow- hereinafter described to the highest ing described property located in Tipton bidder FOR CASH, free from the statu- County, Tennessee, to wit: tory right of redemption, homestead, Lot 9, Section B, Strong Subdivision, • Complete Sales History dower, and all other exemptions which as shown on plat of record in Plat are expressly waived in the Deed of Cabinet A, Slide 170 in the Register’s Trust, said property being real estate Office of Tipton County, Tennessee, to situated in Tipton County, Tennessee, which plan reference is hereby made and being more particularly described for a more complete and accurate • Sales & Construction Activity Reports as follows: description. Lot 10, Section A, Munford Estates BEING the same property conveyed to Subdivision as recorded in the Tipton Rex Pettijohn and Jane Fenton, T/I/C, County Register’s Office, Plat Cabinet by deed recorded 8/7-2 in Book 1015, B, Slide 71-72 and being more par- page 488, in the Register of Deeds Of- • And much more! ticularly described as follows: fice for Tipton County, Tennessee. Beginning at a point in the West line This is improved property known as of West Drive, said point being 32.48 65 Laverne, Atoka, TN. feet Southwardly from the South line If there is any discrepancy with the of Hillview Drive; thence Southwardly street address, the legal description along said West line a distance of will control. 174.41 feet to a corner of Lot 21; At the time of this publication, the § thence Southwestwardly along the 35‐5‐117 notice of the right to foreclose line dividing Lots 21 and 20 from was timely forwarded. The sale of the Lot 10 a distance of 305.80 feet to property described in said Deed of Trust a corner of Lot 11; thence Northwest- shall be subject to any and all instrument The standard for Mid-South real estate information since 1968 wardly along the line dividing Lots 11 of record, prior liens, encumbrances, and 10 a distance of 200.0 feet to deeds of trust, easements, restrictions, a point in the South line of Hillview building lines, unpaid taxes, assess- Drive; thence Eastwardly along said ments, penalties and interest, if any. All South line a distance of 326.26 feet right and equity of redemption, home- Call 458-6419 or go to to a point of curvature; thence on a stead, dower and all other exceptions are www.chandlerreports.com curve to the right having a radius of expressly waived in said Deed of Trust, 38 August 16-22, 2013 www.thememphisnews.com

opinion Passengers Deserve Candid Testimony Action, Not Spin Sometimes, we must go back to our A. I said, “Look here, roots. The roots of “I Swear,” the column, are dear colleague, at in the actual dialogue between lawyers and the hole you have people who are under oath. Those who, in made in my shirt.” o far, the effort to rebuild Air Lines’ exit means less passenger essence, tacitly add “I swear” to everything ••• Memphis as a passenger air service with lower fares, our efforts that they say. Q. The claim- airline market is more of toward attracting carriers must of a sales job than an actual necessity be more choosy about what Q. How long does it take for you to get from ant says that where you live to Mr. Hicks’ office in Mt. he worked a reconfiguration. routes we want as well. VIC FLEMING The mechanics of This is where consultations with our Vernon? minimum of two I SWEAR operating an airport – which is the business leaders, who are already com- A. From where I live, it’s 14 miles to Mt. overtime hours per S Pleasant, 14 miles to Pittsburgh, and 14 day. Is that true? nation’s busiest cargo airport and one plaining about the difficulty and price of the most expensive airports in the of flying clients and employees into and miles to Mt. Vernon. I am 14 miles from A. Deep down inside, it is true. But he’ll country – are complex. out of Memphis, is essential. nowhere, any which way I go. Plus an- never get any witnesses to prove it. But that does not weaken or dilute Any strategy for Memphis Inter- other 14 to come home – that’s 28 miles ••• an imperative to make Memphis Inter- national Airport’s life after hub status throwed away. Q. Before the accident, you lived with your national Airport’s passenger side work must prioritize access to service that ••• brother-in-law and sister for about six for our benefit. goes where Memphians and those in Q. How much education do you have? months? With that in mind, we suggest drop- the region go regularly. Even before A. About three semesters at Lon Morris A. Yes. ping the broad sell of the aerotropolis Delta went through the formal motions Junior College. Q. You got to know him quite well? concept. Instead focus that energy on of de-hubbing Memphis, originating Q. Do you remember giving your deposition A. Yes. a much more targeted effort to begin and destination traffic had surpassed in my office several weeks ago? Q. You saw him interact with your sister? the actual transformation of part of the connecting passengers at the airport. A. Yes. And I believe they had one child? area around the airport itself. If that is the new reality, and we Q. Do you remember my asking about your A. Well, I did not see the actual interaction, The general concept of an aerotrop- need to know that relatively soon, then education at that time? but they did have one child. olis is a 25-mile radius from an airport, that is a different set of needs than the A. I think so. ••• a distance that would take the zone to airport has been accustomed to meet- Q. You stated you had a master’s degree Q. There is presently a producing oil well on the borders of the Tunica casinos to the ing for quite some time. in geophysics from the University of Texas, the property in question? south. It is so big and general as to be In no case should airport incentives didn’t you? A. Yes, we have a brand new oil well on that meaningless. be extended to Delta Air Lines to allow A. Yes, sir. lease. The concept doesn’t really need it to repeat what Northwest Airlines did Q. When you gave that answer, were you Q. When did you drill this “brand new” oil to capture the imagination of a broad to Frontier Airlines here several years mistaken or was it just a barefaced lie? well? public. It needs to catch the eye of ago. Surely there is room in the ap- A. It was a barefaced lie. A. 1985. those with logistics needs – goods and plicable statutes and regulations for the ••• Q. But this is 1988. services to be moved through Memphis airport authority to protect itself from Q. You were fired for allegedly using profan- A. Yes, it’s been brand new for three years. that can be made in Memphis. predatory business practices that are ity on the job. What happened? ••• What matters here is results – get- not in the best interest of either the city A. Well, my colleague was soldering some Unless the readership demands other- ting something going in the airport area or the airport. wires close to the ceiling. I was holding the wise, we’ll stay here in Rootland for a couple is the surest way to create momentum. Delta remains the dominant carrier ladder. He was not paying attention to the more weeks. That momentum will not be found at Memphis International Airport even solder that fell, and I’d complained more in PowerPoint presentations of a very in post-hub status. It shouldn’t have the than once. At a given point in time, on pur- Vic Fleming is a district court judge in simple and basic concept that we all get ability to short circuit efforts to rebuild pose, he let fall onto my shoulder a red hot Little Rock, Ark., where he also teaches at the in the first slide. Memphis as a passenger airport with piece of metal. William H. Bowen School of Law. Contact We also need to realize that if Delta reasonable fares. Q. At that very moment, what did you say? him at [email protected].

A ‘Bull’ Who Was Born Mean and Born Again

movie about self-destruction, addic- me if – not if I hit into him again – if he saved is a phone call from the broker tion, abuse, and about Jesus. even saw me again. Ever. He didn’t. And right before the stock tanks. I’m going to see a movie about one I had to leave the golf course anyway This is a movie about redemption, of our own Memphis characters, John because I had to change my shorts. And not stereotypes. “Bull” Bramlett. get under the bed. While the need is universal, the In the early 60s, I was playing num- I will see Bull again – in a brand-new particulars of the need are as indi- MEMPHASIS dan conaway ber eight at Galloway, a par five then. documentary of his violent trip to the vidual and personal as each of us. John The ground was as hard as the parking bottom and his rise in the arms of the Bramlett is larger than life proof that lot with the same amount of grass. I faith he discovered down there. Those redemption comes in all shapes and A CHANGED CHARACTER. AND flat slapped my second shot and it just bearing witness are almost as unlikely sizes, and that all of us are entitled to a THAT’S NO BULL. kept rolling and rolling and…hit Bull angels as the Bull himself – Joe Na- custom fit. Next week, I’m going to a movie Bramlett in the ankle as he was putting. math, Larry Csonka, Bobby Bowden to I’m not sure of many things, but as about the meanest, baddest linebacker Bull Bramlett, as in mean for fun, as in name a few. Always a man possessed, far as hitting Bramlett with those golf to ever rip a helmet off a quarterback the guy Joe Namath said hit him harder playing and fighting larger than he was, balls is concerned, I’m sure of this. I’m or start and finish a fight in Memphis. than anybody else, and whether or not the unlikely founder of John Bramlett forgiven. I’m going to a movie about a profes- he had the ball didn’t matter. Ministries is now possessed of a differ- I’m a Memphian, and I believe in sional baseball player who was kicked On the next hole, I did it again. ent spirit. redemption. out of the sport for the swings he took I didn’t see it happen this time I’m an Episcopalian, so I don’t see at players instead of the ball. I’m go- because there’s a hill blocking the view this as a movie about conversion or Dan Conaway is a lifelong ing to a movie about one of the most of the green. I did see Bramlett come evangelism. To stereotypical Episco- Memphian, longtime adman and feared men in the NFL, and one of the over that hill, my ball in his hand. He palians, conversion is moving from aspiring local character in a city most controversial because of his rabid told me, and I’ll paraphrase, just exactly summer to fall wardrobe, evangelism is known for them. Reach him at dan@ rage on and off the field. I’m going to a what he would do with that ball and to a Sunday brunch invitation, and being wakesomebodyup.com. www.thememphisnews.com August 16-22, 2013 39

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