March 31-April 6, 2012, Vol. 5, Issue 14

special emphasis: office & industrial real estate Industrial Market Turns the Corner Special coverage on industrial sector’s recovery, office market’s struggles

Page 16

Towering Questions Businesses seek answers as health care reform looms Page 26

Bill Courtney and the Manassas football team have the nation cheering.

Illustration: Emily Morrow

28 Sports On a nightly basis it’s hard to predict which member of the Memphis Grizzlies will be the hero, but the chameleon approach is working for the team.

weekly digest: page 2 financial services: page 8 real estate: pages 30-31 arts and food: pages 38-39 EDITORIAL: page 42

A Publication of The Daily News Publishing Co. | www.thememphisnews.com 2 March 31-April 6, 2012 www.thememphisnews.com

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EEOC Accuses AutoZone Prudential’s Ware Receives Of Disability Discrimination Corporate Services Award

A federal agency is accusing Memphis- Angie Ware of Prudential Collins-Maury based auto-parts retailer AutoZone Inc. of Inc. Realtors was honored with the 2011 illegally firing an employee because of her North American Corporate Services/Relo- disability. cation Director of the Year Award at Pruden- The U.S. Equal Employment Oppor- tial Real Estate’s recent sales convention. tunity Commission filed a federal lawsuit The honor is awarded for outstand- against AutoZone this week. ing facilitation of new corporate business The EEOC says the company fired a development and consistent service excel- in its Cudahy store in 2009. The lence in relocation and referral operations, agency says the woman had just received as well as participation in activities contrib- a doctor’s clearance to return to work with uting to network excellence. a lifting restriction, following an injury to Ware joined Prudential Collins-Maury her shoulder two years earlier. in 2005, and in 2008 was promoted to di- The EEOC says AutoZone failed to rector of corporate relocation and business provide reasonable accommodation to her development. injury and fired her. Ware manages the Relocation Division The AP reports a phone listing for Au- of Prudential Collins-Maury. Her depart- toZone hung up without taking a message. ment specializes in marketing assistance, An email sent to the company was not im- destination services, corporate inventory mediately returned. management, short- and long-term rental The lawsuit seeks back pay and com- assistance and e-commerce lead develop- pensatory and punitive damages. ment.

Baker Donelson Honored Cleaborn Homes Officially For Legal Services Website Becomes Cleaborn Pointe

Memphis-based Baker, Donelson, Memphis Mayor A C Wharton Jr. made Bearman, Caldwell & Berkowitz PC has the renaming of the Cleaborn Homes pub- received the Bar Association’s lic housing development official Friday, 2012 Corporate Counsel Pro Bono Law Firm March 30. Award in recognition of the firm’s role in the With the ceremony at St. Paul and Lau- development of OnlineTNJustice.org. derdale streets, Cleaborn Homes became OnlineTNJustice.org is a website that Cleaborn Pointe at Heritage Landing, a makes it possible for Tennesseans to seek mixed use, mixed-income development free legal advice from volunteer lawyers. taking shape on the grounds of what is a The site was developed with financial public housing project in transition. support and the technical expertise of the With Federal HOPE VI funding, the information technology team in the Mem- public housing units have been demolished phis office of Baker Donelson. It’s designed to be replaced by newer housing that will to be a “virtual walk-in clinic” where lawyers include rental housing as well as homes for provide information and basic legal advice ownership. without any expectation of long-term rep- The Cleaborn development will include resentation. a mix of residents including those paying More than 100 low-income Tennesseans fair market value and those with federal currently are receiving free legal assistance rent subsidies. every month through the website, which Cleaborn Homes is one of the last two is a joint project of the Tennessee Alliance of the city’s large public housing develop- for Legal Services and the Tennessee Bar ments still standing. The other is Foote Association. Homes, which is adjacent to Cleaborn.

Analyst Upgrades Memphis Arts Advocates First Horizon Shares Convene in Nashville

A Sterne, Agee & Leach analyst on More than 30 representatives from Wednesday upgraded shares of First Ho- Memphis arts organizations convened rizon National Corp., parent company of in Nashville to help raise awareness for First Tennessee Bank, saying the regional arts advocacy and support the state’s arts bank’s loan portfolio is stabilizing and it funding program through specialty license may return more money to shareholders plate sales. this year. On Tuesday, March 27, Memphis arts Todd Hagerman lifted his rating on leaders divided into four groups and met First Horizon’s shares to “Neutral” from with state senators and state representa- “Underperform.” tives as part of Tennessee Arts Advocacy Shares of the Memphis-based bank Day 2012. closed at $10.48 on Tuesday, and have Tennessee’s specialty license plate pro- nearly doubled since hitting a 52-week low gram is a major source of funding for the of $5.38 on Oct. 4. Tennessee Arts Commission. Still, Hagerman sees limited potential TAC advocates development of the for the shares to rise significantly. program through local arts organizations The benefit to the bank from improving and encourages all Tennesseans to support credit trends will moderate this year and the arts through the purchase of specialty next year, he said. He kept intact his 2012 license plates. and 2013 earnings estimates. www.thememphisnews.com March 31-April 6, 2012 3

Get news daily from The Daily News, www.memphisdailynews.com. weekly digest

Clinics Planned to Help will succeed Joseph “Jay” Trungale, who worked with the U.S. State Department to Saf-T-Cart Announces Delinquent Taxpayers has been with the company for eight resettle more than 7,000 refugees who have Expansion years. fled persecution in their homelands to the The first of four planned tax clinics to Warne is the former president and West Tennessee area. Saf-T-Cart, a manufacturer of steel weld- help delinquent Memphis taxpayers pay CEO of restaurant chain O’Charley’s Inc. ing carts and storage products for various their city property tax bills will be held He has more than 13 years of experience commercial and industrial applications, from 10 a.m. to noon Saturday, March 31, in casual dining. is expanding its operations in Clarksdale, at the Hickory Hill Community Center, Perkins operates 428 restaurants in 34 St. Jude’s Evans Receives Miss., for the second time in five years to 3910 Ridgeway Road. states and Canada. Pharmacists Assn. Award accommodate an increase in production. The three future clinics will be held The project represents a company May 19 at the Benjamin L. Hooks Central Dr. William Edward Evans, director and investment of $240,000 and will create 20 Library, Aug. 25 at the Whitehaven Branch chief executive officer of St. Jude Children’s jobs. Library and Nov. 10 at the Orange Mound Catholic Charities Hosts Research Hospital, has received the 2012 Privately held Saf-T-Cart was established Community Center. Refugee Food Distribution Remington Honor Medal, the highest in 1986 and currently employs 55 workers. The clinics are sponsored by Linebarg- honor bestowed by the American Pharma- The Mississippi Development Authority er Goggan Blair & Sampson LLP, the law Catholic Charities of West Tennessee cists Association. provided funding for improvements to the firm that collects delinquent taxes for the will host its second annual Holy Thursday Evans was selected in recognition of county-owned building the company occu- city, and the City of Memphis Treasurer’s Rice Distribution for Refugee Families his research with anticancer agents and pies. Coahoma County provided assistance Office. The clinics are to help property Thursday, April 5, at 10 a.m. in the com- pharmacogenomics, as well as his work for the project, as well. owners better understand the tax process mon area of the Woodcrest Apartments, with the advancement of St. Jude. and develop a plan to pay their taxes. 170 N. Hollywood. The Remington Honor Medal – named Anyone interested in attending should Bags of rice and other food staples, for eminent community pharmacist, call 260-4058 to reserve a seat, which also which have been donated by students of manufacturer and educator Joseph P. Radians Files Permit App will allow the law firm’s staff to research St. Francis of Assisi Catholic School in Cor- Remington – was established in 1918 to For Distriplex Warehouse accounts prior to the clinic. dova and St. Agnes Academy in Memphis, recognize distinguished service on behalf will be presented to Catholic Charities of American pharmacy. JSR Properties LLC, an entity related to refugee clients. A professor at the University of Tennes- Radians Inc., has filed a $1.4 million build- Catholic Charities of West Tennessee see Colleges of Pharmacy and Medicine, ing permit application with the city-county Perkins Chain is the social services arm of the Catholic Evans earned his bachelor of science in Office of Construction Code Enforcement Hires New CEO Diocese of Memphis. pharmacy and doctorate of pharmacy for construction of a 36,085-square-foot It is one of the largest nonprofit, multi- degrees from the University of Tennessee warehouse addition to an existing Radians Memphis-based restaurant chain Per- social service providers in the Mid-South, Health Science Center. facility, according to The Daily News Online, kins & Marie Callender’s says its new CEO with a special emphasis on homelessness, Evans has served as the hospital’s direc- www.memphisdailynews.com. will start work on April 9. refugee resettlement and emergency ser- tor and CEO since 2004. JSR Properties in September bought the According to a news release from the vices. 92,390-square-foot, Class A warehouse at company, new Perkins CEO Jeffrey Warne Since 1975, Catholic Charities has 5305 Distriplex Farms Drive and 7.1 acres

No other Memphis-based CPA firm has a longer legacy of providing accounting, tax and advisory services to the Mid-South community.

901.682.2431 • rbgcpa.com 4 March 31-April 6, 2012 www.thememphisnews.com

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to the west of it from Illinois-based DFS code at Kooky Canuck every time they come Services LLC for $3 million. in. After the 10th scan, the app alerts the Radians, a Bartlett-based supplier of customer they’ve earned the card, which a line of safety products such as protec- they will get after showing restaurant staff FROM THE BLOG tive eyewear, withdrew its application in the message. September for an eight-year payment-in- Fifteen other businesses now use the lieu-of-taxes (PILOT) benefit with the re- stiQRd loyalty program. Poplar Plaza Backed by Rich History tooled Memphis-Shelby County Industrial Development Board. Editor’s Note: “From the Blog” is a weekly feature that highlights some of the enterprising work our staff and contributors post on The ‘Memphis Stories’ Named Symphony’s 2012 Theme Daily News blog, blog.memphisdailynews.com. Archaeology Conference The Memphis Symphony Orchestra’s To be Held in Memphis SARAH BAKER | The Memphis News theme for the year – its 60th anniversary – is The Society for American Archaeology’s “Memphis Stories.” 77th annual meeting will be held April 18 That theme will be launched by an Ar- oplar Plaza is one of three shopping centers Finard Properties LLC to 22 at the Memphis Cook Convention tistic Engagement Forum paid for by a grant Powns in Memphis, but its history is possibly the richest. Center, 255 N. Main St. from The Assisi Foundation of Memphis The conference will open with the Inc. and held in conjunction with a concert The Burlington, Mass.-based real estate company is in the midst of president’s forum, “Archaeology and the in October by cellist Yo-Yo Ma. a multimillion-dollar transformation of the center, including the relo- Media: A Symbiotic Relationship.” The The concert featuring Ma will be open cation of nine tenants to make way for an 86,500-square-foot Kroger. session will include science journalists and only to season subscription holders until archaeologists in an exploration of what August, when single tickets will then go Not only is the project noteworthy because Kroger and Gould’s works, what doesn’t and how to improve on sale. Day Spa are getting new digs within the center at the corner of Poplar the relationship. The forum’s goals are to help commu- Avenue and Highland Street, but also because both were among the The panelists will include prominent nity groups explore partnership opportu- archaeologists and journalists from The nities with the orchestra and to launch a center’s original occupants – long before Finard’s ownership. It’s also Washington Post, National Geographic professional development plan for MSO a telling picture of the transformation made by retail real estate over magazine, Science, Archaeology Magazine musicians. the past 60 years. and National Public Radio. Other sessions will cover art, feast- “We have (a copy of) the original Kroger lease, which I believe is ing, plants and animals, burial practices, dated 1952,” said Rick Smith, director of leasing for Finard’s Memphis forensic archaeology, hunter-gatherers, Petties Sentencing office. “It’s three pages long. That’s so entertaining because nowadays, cave excavations, paleoindians and pre- Delayed to June Clovis sites, and will showcase the use of a lease with a large, big-box tenant is often 80 and 90 pages, especially geographic information systems, new ex- The sentencing hearing for Memphis with the exhibits.” cavation practices and new data-handling drug kingpin Craig Petties has been delayed Today, Poplar Plaza sits on 28 acres and is home to more than 50 methods. again – this time to June 13. Petties had been scheduled for sen- local and national tenants, including anchors Kroger, Old Navy, Petco tencing Friday, March 30, before Memphis and Mattress Firm. But that’s in stark contrast to the first phase of Federal Court Judge Hardy Mays, but that construction of the outdoor strip mall in 1948, when the intersection Kooky Canuck Joins was delayed last week. StiQRd Businesses Petties faces the possibility of life in at Poplar and Highland was considered the rural outskirts of the city. prison from his 2009 guilty plea to drug “A rural, large-layout shopping center – they just didn’t exist except Downtown Memphis burger joint conspiracy, racketeering and murder-for- Kooky Canuck has joined the family of hire charges. in maybe Texas and California and a couple of other coastal states businesses using stiQRd, the program from like that,” Smith said. “It was really very much one of its kind at that a Memphis-based startup that aims to re- point.” place paper-based loyalty cards with a QR For more on Finard’s renovation of Poplar Plaza, see The Daily code-based system. UTHSC Researchers Find Kooky Canuck, 97 S. Second St., is re- ‘Twisted Neck’ Mutation News’ March 20 edition. warding its customers with $10 gift cards on their 10th visit to the restaurant. A team of researchers led by Dr. Mark To earn the card, customers must down- S. LeDoux, professor in the University of load the free stiQRd app with their iPhone Tennessee Health Science Center’s neu- that may lead to a cure for primary cervical in the brain that’s involved in DNA synthesis or Android phone then scan the unique bar rology department, has made a discovery dystonia. and cell-cycle control. Also known as spasmodic torticollis and twisted neck syndrome, the disorder affects more than a million patients worldwide. Causes are unknown but most patients Lifeblood in Need Call for an appointment today! first experience symptoms between ages Of Platelet Donors 40 and 60. 901.685.5008 Dystonia manifests as sustained muscle Lifeblood is in need of platelet donors contractions and spasms that result in re- after a dip in the local supply. petitive twisting movements and abnormal The need is partly because while whole A Patient’s View: postures. The chronic neurological disorder blood has a 42-day shelf life, platelets last “I’ve had a lot of dentists before (I’ve lived in a lot causes the neck to involuntarily turn or tilt only five days from the collection date. of places), and I’ve had dentists whose work is to the left, right, upwards or downwards. The platelets are important for treat- definitely shoddy. Finding a good service provider is Botox injections are the most common ing burn patients, chemotherapy patients, hard. It’s a lot like finding a good hair stylist/barber; treatment. organ transplant recipients and victims of once you find someone, you stick with them.” LeDoux and three scientists in his lab – trauma. I highly recommend Dr. Castle. His work is top notch Dr. Satya R. Vemula, Dr. Jianfeng Xiao and and he is extremely nice; he’s definitely not one of Dr. Yu Zhao – collaborated with Dr. Ryan J. those uppity, crusty doctor types!” - Paul C. Uitti, chair of the Department of Neurology at the Mayo Clinic in Jacksonville, Fla., and Haney Signs Realty William N. Castle, D.D.S. Dr. Demetrius M. Maraganore, chair of the Publishing Deal general dentistry Department of Neurology at NorthShore 79 n. cooper (in midtown) • memphis, tn 38104 University HealthSystem in Evanston, Ill. Kendall Haney of Keller Williams Realty | Together they identified a protein expressed Kendall Haney Group has signed a publish- www.thememphisnews.com March 31-April 6, 2012 5

contributors March 31-april 6, 2012, VOL. 5, NO. 14 Get news daily from The Daily News, www.memphisdailynews.com. weekly digest

ing deal to contribute to the book “The New on investment and single accountability. Rise in Real Estate: The Nation’s Trusted Real Community LIFT also serves as a con- Estate Advisors Reveal Their Top Secrets for duit to build collaboration among com- Buying and Selling Homes in the New Real munity development corporations, govern- bill dries President & CEO Estate Economy.” ment agencies, foundations, corporations Senior Reporter PETER SCHUTT Dries, from Memphis, has been a reporter for more than 30 Haney is among a select group of real and nonprofit organizations committed years. His career stops include The Commercial Appeal, WHBQ General Manager Emeritus estate entrepreneurs nationwide who have to neighborhood redevelopment and re- AM, WREC AM and WLYX FM 89 way back in the 1970s! He now covers legal issues and other news. ED RAINS joined with real estate coaches Jay Kinder vitalization. 528-5277 | [email protected] and Michael Reese to co-write the book. Publisher ERIC BARNES “The New Rise in Real Estate” – sched- uled to be released this spring by business Associate Publisher & Executive Editor publishing company CelebrityPress – fea- St. Jude Doctor Receives JAMES OVERSTREET tures strategies on how to adjust, adapt and Nat’l Oncology Award Managing Editor succeed in a rapidly changing industry. LANCE ALLAN WIEDOWER Haney, a 25-year real estate veteran, St. Jude Children’s Research Hospital Deputy Managing Editor holds the Certified Home Selling Advisor doctor Ching-Hon Pui, is the recipient of andy meek ERIC SMITH designation, given to less than 0.5 percent the 2012 Pediatric Oncology Award from the Senior Reporter of all Realtors. American Society of Clinical Oncology. The Meek, from Memphis, covers politics, the business community Senior Reporter and other news of general interest. He has won awards from BILL DRIES honor recognizes Pui’s contributions to bet- the Tennessee Press Association and the Society of ter understand the biology and treatment of Professional Journalists. Senior Reporter leukemia, as well as his role in improving 528-5279 | [email protected] ANDY MEEK

Commercial Advisors leukemia survival rates. Reporter Hires Walton as VP Pui will receive the award in June at the SARAH BAKER 2012 American Society of Clinical Oncol- Reporter Patrick Walton has joined Cushman ogy Annual Meeting in Chicago, where AISLING MAKI & Wakefield/Commercial Advisors Asset he’ll also present a talk on the possibility Services LLC as vice president and Certified of achieving total cure of childhood acute Associate Editor Global Supply Chain Specialist. lymphoblastic leukemia (ALL) using per- KATE SIMONE Walton previously worked for CB Rich- sonalized therapy. SARAH BAKER Lead Pressman REPORTER ard Ellis Memphis, which he joined in May Pui, who joined St. Jude in 1997, is chair Sarah Baker covers commercial and residential real estate, TOMMY COON 2006. Most recently, he was an associate of the department of oncology at St. Jude; transportation and logistics. A native Memphian, she previ- Pressman for CBRE’s Industrial Asset Services Group, co-leader of the hospital’s Hematological ously worked for two regional magazines in Knoxville. 521-2464 | [email protected] ROBERT SHANNON responsible for leasing the Trammell Crow Malignancies Program; and medical direc- Development and Investment portfolio tor of the St. Jude International Outreach Pressman CEDRIC WALSH in the Southwest submarket. A native of China Program. Jackson, Miss., Walton graduated in 2006 Graphic Designer & Photo Editor from the University of Mississippi, where BRAD JOHNSON he studied real estate and finance. Graphic Designer & Illustrator EMILY MORROW AISLING MAKI Senior Production Assistant REPORTER SANDY YOUNGBLOOD Cohen Writes Gov Admin Aisling Maki covers health care, the nonprofit sector and small About ‘Check Engine’ business. Her career has included newspaper and magazine Production Assistant writing, broadcast and new media. LAURIE BECK 528-8622 | [email protected] U.S. Rep. Steve Cohen, D-Memphis, has Administrative Specialist sent a letter to a White House rules and regu- MARSHA PAYNE lations official, thanking him for his interest Senior Account Executive in Memphis’ “check engine” light issue and JANICE JENKINS asking him to review new regulations for the Account Executive vehicle inspection program. ROBIN BENDER Cohen’s letter to Cass Sunstein, adminis- Advertising Director trator for the White House Office of Informa- JONATHAN DEVIN tion and Regulatory Affairs, is in response to ARTS WRITER DON FANCHER Jonathan Devin is a full-time freelance writer covering the new rules that mean Memphians who take Business Development Manager arts, business, and life in the Mid-South. He is a singer, actor, their cars through the annual inspection instrumentalist, painter, poet, and playwright. PATRICIA McKINNEY 528-8625 | [email protected] process when the “check engine” light is Marketing Manager illuminated will fail the inspection. DONNA WAGGENER Sunstein testified this month before the Finance Genie House Subcommittee on Courts, Commer- Controller PAM MALLETT cial and Administrative Law on regulatory Says … reform. Cohen spoke about the “check en- To reach our editorial department, e-mail: gine” light in his opening remarks. [email protected] YOU ARE or call: 901-523-1561 FREDRIC KOEPPEL Freelance WRITER Published by: APPROVED! Koeppel writes about restaurants and wine. He is a former arts THE DAILY NEWS PUBLISHING CO. and culture reporter for The Commercial Appeal and has been 193 Jefferson Avenue FedEx Grants $50K Memphis, TN 38103 in Memphis for most of his life. To Community LIFT P.O. Box 3663 NO CREDIT CHECK [email protected] Memphis, TN 38173-0663 Tel: 901.523.1561 FedEx Corp. has awarded $50,000 in FINANCING FOR: Fax: 901.526.5813 www.memphisdailynews.com grant funds to support Community LIFT’s Desktop Computers efforts to improve Memphis neighbor- The Daily News is a general interest Laptops Computers newspaper covering business, law, hoods. Plasma Televisions government, and real estate and Community LIFT (Leveraging Invest- Tablets development throughout the Memphis metropolitan area. ments for Transformation) is a nonprofit And More The Daily News, the successor of the Daily intermediary established in 2010 by the 98% APPROVED! LANCE MURPHEY Record, The Daily Court Reporter, and The Community Foundation of Greater Mem- PHOTOGRAPHER Daily Court News, was founded in 1886. phis, The Assisi Foundation of Memphis, CALL TODAY Lance Murphey is an award-winning photographer and film- AUDIT PENDING Bank of America and the city’s Housing & maker. He has 20 years of experience including The (901) 334 8353 Commercial Appeal, The Naples (Fla.) Daily News, the Community Division to pool resources to be Associated Press, The New York Times and Bloomberg. deployed strategically for maximum return [email protected] 6 March 31-April 6, 2012 www.thememphisnews.com

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Jason Baldwin real estate & development Part of U of M Law Event

ANDY MEEK | The Memphis News

ason Baldwin has been a free man for about seven months. J To understand how dramatically the life of Baldwin, of the West Memphis Three, has changed since then, he’s currently plan- ning to go to law school. He’s starting some college courses soon and will build on the 47 credit hours he ac- cumulated while in prison. He’s also making a lot of public appearances, including one March 30 for a symposium at the , and he enjoys the simple things of everyday life – like watching movies. “My girlfriend, Holly, and I, we’ll be talk- ing, and she’s got these friends she’s known for years,” Baldwin said. “They’ll exchange quotes from movies, and I’m like, ‘What movie is that? I haven’t seen that yet.’ I’ve got Photo: Lance Murphey this growing list of movies I’ve got to see.” Jay Michael is a partner with the group of Chicago investors that have put $3.5 million into the hotel at 1471 Brooks Road Baldwin asks his girlfriend for the name and rebranded it as a Clarion Hotel. of one he saw within the past few days. “I just saw ‘The Princess Bride,’” he said. “It was hilarious. Holly had this magnet on her fridge of Andre the Giant, who had a role in that movie, going ‘Want a peanut?’ And it was totally over my head. But I’ve seen the Hotel Upgrade movie and I get it now. I’m like, right! That is funny.” BILL DRIES | The Memphis News The U of M Law Review hosted a sympo- sium at which Baldwin was a featured guest along with Greene County District Court Judge Dan Stidham of . Stidham cording to Shelby County Assessor of was a defense attorney for Jessie Misskelley Chicago group renovates Brooks inn Property records. That was about two Jr., another of the West Memphis Three. years after the arrival of strip clubs in The two men talked about the topic ay Michael and his business part- That’s when they plan to have their Memphis and before they moved east “Satanic Panic and the Defending of the West ners in Chicago were interested in liquor license and reopen the hotel of the hotel on Brooks and south on Memphis Three” in the Wade Auditorium Ja portfolio of apartment buildings lounge known as Dad’s Place, which is Airways Boulevard. of the U of M Cecil C. Humphreys School of in Chicago going up for auction in 2010 how many longtime Memphians iden- Brooks Road’s time as the center of Law. The men commonly known as the West when they came across a hotel in Mem- tify the building. The lounge – which the strip club industry coincided with a Memphis Three were released from prison phis in the grouping. will again be branded Dad’s Place – is persistent prostitution problem on the in 2011. The life story of a defendant gets “We decided to try to come to Mem- part of the history of Memphis’ lounge stretch of Brooks between Airways and presented to a jury in a sentencing phase of a phis that night, but we missed the last circuit that featured live music well into Interstate 240. For a business attempt- death penalty trial. For complex stories, be- flight out,” Michael said. “So we drove the disco era. The plan is to feature Elvis ing any other kind of nightlife, the street yond familiar themes of broken homes, drug through the night.” tribute artists at the reopened lounge. has been a challenge. use and the like, there’s a new method of They stopped at the old Ramada Inn The renovation of the guest rooms “Just Brooks Road alone was such representation called “cultural competence” at 1471 Brooks Road and looked around is above what has been the recent stan- a rough street. It’s changed endlessly which the symposium analyzed. and had several conflicting thoughts. dard along the street, Michael said. since I got here,” Michael said, credit- “I’m just going to be there to kind of put a “We saw that the hotel had the “We chose to work with Clarion ing the city for the change around the face on it and answer any questions the pub- bones of a really grand hotel, but the because they gave us a lot of flexibil- property. “We’ve become married to the lic might have,” said Baldwin, who moved area had become so dilapidated that the ity on the rooms and in the lobby,” he area almost more than the hotel.” to Seattle after being released from prison. hotel had to follow suit almost,” he said. added. “I wanted it to feel like Martha Until now, Cedar Street Hospitality “Hopefully, I can go to law school and get “We drove by and we thought Stewart meets Paula Deen in Memphis. has focused on apartment buildings. some training of my own in that area. That’s that microcosm of Elvis Presley Enter- … To put the modern Holiday Inn look The Clarion on Brooks is its first hotel. my plan now, if I can make the grade. prises was really great. But everything in that lobby would have failed the local But Michael said the concept of a “You always hear things happen for a rea- around it was really terrible. market. It would have failed the tourists challenging environment isn’t new from son. I’m a firm believer that you can choose “It just seemed logical. They’ve got a which are coming here for Graceland.” the partners’ experience managing resi- the reason. I experienced a lot of bad things great product so we think there should The Cedar Street group bought a dential and commercial property. in my life, but I choose to utilize that experi- be great hotels in the area.” plot of open land east of the hotel and “I’ve seen areas change,” he said. ence and couple that with a good education A year and a half and $3.5 million of has plans for an urban garden there. “We knew what we were getting into. to try and make a difference for other people. renovations into the project, the hotel “We’re going to be able to offer farm I don’t know if we knew how deep we I’ve also got several other justice issues close has been branded a Clarion, all 245 to table at the Clarion if this all works were getting in, in terms of the neigh- to my heart, one being the death penalty. I rooms are just about renovated, the out the way we hope,” Michael said. “It’s borhood.” don’t agree with that. There’s other things I hotel restaurant has reopened and is offering farm to table at a hotel brand Michael is still sorting out the de- have issues with, like life without parole for awaiting its liquor license, and Michael that normally buys all of its produce tachment some locals feel and enforce juveniles. I understand prison is punish- and his partners plan to launch the new from Sysco.” from the Elvis persona that Cedar Street ment, but it should also be rehabilitation.” Clarion Cedar Hotel in May. The hotel was built in 1974, ac- wants to link up with. www.thememphisnews.com March 31-April 6, 2012 7

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LAW & THE COURTS Drug Trial Moves Into Sentencing

BILL DRIES | The Memphis News

he verdicts are in, and the jurors after he was captured in Mexico following have been polled and dismissed six years in which he ran the drug organi- T after more than a month of trial. zation from afar. The long-awaited and just-completed Defense attorneys for the Lewises said Craig Petties drug organization trial now they will appeal the convictions and con- gives way to sentencing hearings to come tinue to question the reliability of govern- More than a Decade of Excellence, for Martin Lewis and Clinton Lewis and ment witnesses, most of whom are former some of those who once belonged to the members of the drug ring. A Society of Top Producers and A Huge organization and testified against them. “We have to respect the jury’s verdict Community Impact The largest drug organization ever after sitting here for seven weeks,” said prosecuted in Memphis Federal Court Marty McAfee, representing Martin Lewis. came down to more guilty pleas than “But we are disappointed and plan to ap- This is the Pinnacle Awards! defendants on trial. But the testimony peal on several issues.” covered a lot of ground and filled in some “This is not the end of the process,” but not all of the questions and blanks in said Anne Tipton, attorney for Clinton This is the 11th annual presentation of the Pinnacle a case that came with numerous sealed Lewis. Awards, awarding excellence in the commercial real estate documents and closed hearings. Her co-counsel, Howard Manis, said Clinton Lewis and Martin Lewis were he was happy for Lewis’ acquittal in the industry. This year’s program will offer well-deserved murder of Turner. “But it makes us that much more recognition of the industry’s top producers from 2011 and Martin Lewis and troubled by the guilty verdict on the kid- napping charge,” he said. a tribute to a company that has made a significant impact Clinton Lewis found Stanton said the concerns raised by the on the Memphis community. defense about whether prosecution wit- guilty on 10 charges nesses had manipulated the legal system were part of a “hard fought” trial. “The ultimate fact finders were the The Pinnacle Awards event will be a night dedicated to found guilty of 10 of the 11 federal charges jurors who sat and listened to all of the showcasing the outstanding community of commercial real they faced. The verdict came after less evidence,” he said. than a day of deliberation and five weeks They heard a story about a drug orga- estate industry professionals in the Memphis area of testimony. Clinton Lewis was acquitted nization built among a group of childhood of the murder-for-hire count involving the friends in a South Memphis neighbor- including the recognition of the inaugural Pinnacle 2006 murder of Marcus Turner. But he was hood. They had been selling rocks of convicted of kidnapping Turner as part of crack cocaine as children to those in the Producers Club and Pinnacle Elite, along with awarding a racketeering conspiracy. long lines of cars that drove through their of the Commercial Broker of the Year and the Both were convicted of murder-for- neighborhood looking for drugs. hire charges in the 2007 murder of Mario Sometime in the late 1990s, Petties Commercial Hall of Fame Inductee. And, in celebration McNeil who was gunned down in a restau- took a big step to selling larger amounts rant on Kirby Parkway. when he and two friends found out about of the future of the Memphis area commercial real estate Clinton Lewis and Martin Lewis are a car on a police impound lot with nearly scheduled to be sentenced by Federal half a million dollars in the trunk. market, the Commercial Council will present a surprise Court Judge Hardy Mays on June 29. They scaled the fence, broke into the recipient with the Community Impact Award. The Lewises were accused of being car and split the money. Petties was soon part of the violent multistate drug orga- drawing the attention of drug sources in nization headed by Craig Petties that had Mexico who asked to meet him. Reuben direct ties to the Sinaloa drug cartel of Laurel, the middleman supplying Petties The Pinnacle Awards Mexico. They were specifically accused made the introductions shortly after Lau- Tuesday, April 24th of being men for the organization in rel was arrested on drug charges himself. a case that involved the murders of six Petties began working directly with a part 5:30 to 7 p.m. | Reception people. of the splintered Sinaloa drug cartel head- 7 to 8 p.m. | Program U.S. Attorney Ed Stanton called the ed by Edgar Valdez Villareal, the Mexican organization “nothing less than a cancer drug kingpin known as “La Barbie.” The University of Memphis Holiday Inn to this community – a cancer that spread Stanton said he hoped the convictions 3700 Central Ave. (38111) throughout this region.” brought some form of closure for the fami- “They were members of one of the lies of the six murder victims whose deaths largest and most violent, notorious crimi- were an integral part of the case. nal organizations in the history of Mem- “Not only the families of those victims, phis and Shelby County, actually through- but we as a community here in Memphis out West Tennessee,” Stanton said. “We’ll and Shelby County and West Tennessee are continue to take our streets back one case all victims as well,” Stanton said. “Hopeful- at a time. ... This high level organization ly today this will send a message that this was very cold and calculated and an enter- type of conduct – callous, brazen conduct prise that profited millions of dollars that at all levels of criminal organizations will flowed not only through Tennessee.” be brought down ... and brought to justice Petties pleaded guilty in 2009, a year in a very swift and severe manner.” 8 March 31-April 6, 2012 www.thememphisnews.com

FINANCIAL SERVICES Bill Lifting Wunderlich Adds Houston Muni School Private Client Group Ban Advances

BILL DRIES | The Memphis News ANDY MEEK | The Memphis News

bill in the Tennessee Legislature to lift the Three advisers, $65 million in assets join Memphis-based firm statewide ban on creating municipal school Adistricts is moving as the legislative session emphis-based Wunderlich Securities Inc. has And Evolve expects to be in the driver’s seat when that nears an end. expanded its private client group in Houston. happens. The House Education subcommittee approved M A financial group comprised of three people “To date, we have increased capital and expanded our the bill March 28 on a voice vote with the House in Houston with $65 million in assets under administra- balance sheet based on an organic growth plan,” he wrote. Education Committee to consider the bill next tion has joined the firm. “Looking ahead, we may consider strategic acquisitions week. It was the last subcommittee session of the They include D. Lynn Houston, who for more than 40 of like-minded banking organizations or branches and/or year. The bill was approved last week by the Senate years has helped clients develop custom financial plans acquisitions of community bank loans and deposits in our Education Committee and is awaiting action on through which they can achieve their life goals. Working targeted markets. Our experienced bankers – most with the Senate floor possibly next week. with The Houston Group prior to now joining Wunderlich, more than 20 years of banking experience – continue to There were no amendments to the bill Wednes- Houston provided the investment philosophy, quality generate positive growth and demonstrate our commit- day in the subcommittee. The bill would not only control, client relations and screening for stock values for ment to our shareholders and the communities we serve.” lift the statewide ban but it would move up the the group. Evolve ended 2011 with 350 employees, five full- start date for such school districts to Jan. 1, 2013. Matthew Houston is a 10-year veteran of the wealth service bank branches in Arkansas and Tennessee, 25 That’s nine months before the merger date management business. His responsibilities for the Hous- mortgage loan production offices, a nationwide trust of Shelby County’s two public school systems, ton Group have included trading, performance reviews, services platform, and a Small Business Administration which is when the formation of municipal school investment policy implementation and client relations. loan production office. districts in Shelby County can begin under terms Sandra Jolly has more than 21 years of experience in Finally, the soon-to-come integration of Memphis- of the Norris-Todd law the legislature passed last wealth management. She also has several years of experi- based investment firm Morgan Keegan & Co. Inc. with year. The 2011 law specifically governs the Shelby ence in marketing, management and client services. St. Petersburg, Fla.-based Raymond James Financial Inc. County schools consolidation process. Wunderlich is a full-service brokerage firm that caters remains on schedule. State Senate Republican leader Mark Norris of to individual and institutional clients with a range of Raymond James disclosed Wednesday, March 21, that Collierville, who was the sponsor of the 2011 law services including financial advisory, brokerage, equity its planned integration with Morgan Keegan remains on and is sponsor of the new bill, has said the bill is a research and investment banking. The firm has 24 offices schedule to close April 2. way of stopping a legal challenge to the 2011 law across 14 states and more than 450 associated profession- Also, the company that will be Morgan Keegan’s new by having it applied statewide. als. parent said 98 percent of Morgan Keegan financial advis- House sponsor Gerald McCormick, R-Chat- In other financial services news, the CEO of Evolve ers who were presented with retention incentive offers tanooga, acknowledged concerns lawmakers Financial Group Inc., the parent of Evolve Bank and Trust, have said they’ll accept them and will join Raymond from other parts of the state might have about the sent out a shareholder update letter within the past few James upon closing of the merger. implications of a law whose intent is to impact the days providing the latest snapshot of the company. Raymond James and Morgan Keegan announced Shelby County schools reformation process. The Notably, he wrote that Evolve – which grew its loan earlier this year that a deal had been reached whereby bill could still be amended to take in other more portfolio by 69 percent in 2011 – expects to see a pickup in Raymond James is paying $930 million to acquire the recent events in the local move to consolidation industry consolidation activity in the near future. Memphis firm. and a suburban set of municipal school districts.

Economy Equal Parts Doubt, Enthusiasm

Chimerican Direction altitude sickness felt within Convergence before Divergence respect to time. Earnings and economics Markets fell back from the market last week stems Growth in global trade dwarfs global need time to reveal themselves, while re- multi-year highs last week from concern over China’s economic growth, meaning national coveries in market sentiment can happen as the recovery in expec- economic condition. Di- economies become increasingly inter- quickly. The 2012 advance marks a broad tations since August of minished manufacturing twined. The economic upside is that spe- global recovery in investor attitude, which last year may have finally activity and lower political cialization unlocks greater prosperity. The has manifested in two ticks higher in P/E eclipsed reality. While the growth emphasis have chal- political upside is that interdependence ratios worldwide. global economic statistics lenged the broad market and shared prosperity reduce the incen- The MSCI World forward annual P/E David Waddell show pockets of strength, the worldly assumption of perpetual tive for conflict. has moved from 10x to 12x, reflecting a 20 they also show pockets investor Chinese hyper-growth. Nonetheless, as a consequence it’s percent improvement in sentiment trans- of weakness. Add to that Unfortunately, with becoming harder to find insulated econo- lating into a 20 percent improvement in shifting balance the unforeseen Iran the Chinese economy complicated and mies to diversify portfolios. I suppose returns. But after such a robust sentiment premium in the price of oil, and the recent opaque and with government central North Korea and Cuba might attain “go it recovery rally, investors may require more bias favors preservation rather than ac- planning, analysis amounts to gut feel. alone” status but I wouldn’t recommend proof and more information to calibrate cumulation. The greatest amount of reliable insight them. A look at MSCI Database regional price levels. This exercise will likely result These cycles represent the natural we receive into the Chinese economic returns demonstrates my point. Year to in growing divergences among winners course of doubt and enthusiasm as mar- condition comes from corporate com- date, North America, the European Union and losers. kets climb the wall of worry. Reality now ments during earnings season. To that and the Asia Pacific region have returned So far in 2012, we are all winners. As must lead us forward. With high corporate degree, the Chinese economic diagnosis 10.5, 10.1, and 10.4 percent respectively. the calendar matures, so will the rally. profit margins, earnings advancement will accumulate in earnest once earn- Rarely have I seen such tight geographic Look for selection to begin to override requires revenue advancement. Rev- ings season begins in a few weeks. While correlations. simple participation. It doesn’t necessar- enue advancement requires economic the market awaits further context, U.S. To explain the phenomena we must ily get worse from here, but it likely gets advancement. The leading economies economic data will offer support, while remember that while we have traveled harder. of the United States and China receive Chinese economic anxiety will offer a great distance with respect to returns, David Waddell is president and CEO of the highest weight in the analysis. The resistance. we have traveled a short distance with Memphis-based Waddell & Associates. www.thememphisnews.com March 31-April 6, 2012 9 Money&Markets Extra

Bond investors get their returns from been. On an absolute yield basis, it’s ob- rows, and it can result in a rise in price are piling into it, but a decent amount of What to expect from two places: the yield that the bond pays, viously very rich. The difference is the for the bond.) total return has already happened. At the plus any increase in price for the bond spread (or how much more the bond beginning of the year, it looked fairly itself. Bond prices rise when interest yields than a Treasury that’s maturing at Junk bonds offer higher yields be- cheap. Now it’s more fairly valued. It’s not high yield rates fall, and that’s largely been the the same time). That’s what we look at in cause of the higher default risk. How like a table-thumping buy. It’s just kind of InsiderQ&A case for the last 30 years. But rates are fixed income. On a spread basis, I would worried should investors be? average relative value. now so low that investors may need to characterize high yield as fairly valued on The number of actual defaults won’t be Who he is: Head of limit their return expectations for many a historical basis. that big. There are some big 2006, 2007 So what would you say to an investor the high-yield fixed bonds to just that first piece, the yield, vintage leveraged buyout deals that make considering moving out of low-yield- income team for says Kevin Loome. He specializes in So should investors be expecting to up a whole lot of the high-yield market. A ing savings accounts and into high- Delaware Investments high-yield bonds, which are also known get only the yield from high-yield couple of those could default and make yield bonds? His track record: as junk bonds. They are issued by bonds, with no more potential for rises the number lumpy. In a lot of those situa- The two are so different in risk. I’m as- Runs Delaware weaker companies but make up for it by in price? tions, the expectation of a default is large- suming people are in that to preserve High-Yield Opportuni- paying higher yields. In the high-yield bonds with higher credit ly priced in. Defaults are like inflation. It’s capital. High yield is not the place you ties (DHOAX), which ratings, you pretty much are only going the expectation that’s more important want to go if you want to just preserve ranks in the top 5 percent of all high-yield They’re called high-yield bonds, but to get the yield. In lower rated ones, in than the actual number. capital. But if you want to do the best in funds for 10-year the yields aren’t as high as they’ve the best case, you might get the yield fixed income over long periods of time, returns been historically. and a little bit of spread compression. What’s a fair expectation for returns high yield tends to do the best. Kevin Loome Depending on what category you’re look- (That’s when the difference in rates be- this year? ing at, they’re as low as they’ve ever tween a junk bond and Treasury nar- High yield is a hot topic because people Answers edited for content and clarity. AP

BEHIND THE BRAND DR. PEPPER SNAPPLE GROUP (DPS) Brighter skies The un-colas Many investors are stepping out from underder theirtheir defensivedefen mutual funds rank third and are up 14 shelters as the economy improvess.. percentper . In the scramble for consumers, Since the recession, they’ve clungung defensively to The change can be traced to an increasingly Coca-Cola and PepsiCo have a the stocks of companies that makee consumerconsumer upbeatup mood. The consumer confidence index healthy lead on Dr. Pepper staples. Those are products — suchch as groceries, dippeddip only slightly in March, after surging to its Snapple Group. But the beverage toiletries and household supplies — thatthat remain in highesthig level in a year the month prior. Ameri- maker behind Dr. Pepper, A&W, demand in tough times. ccaansns are reassuredre by improving job prospects and 7Up and Mott’s is holding its own. Its profits grew last year, and And those stocks have delivered.ed. MutualMutual ffallingalling unemployment,unem now at a three-year low. The trend unlike its two rivals, Dr. Pepper funds specializing in “consumer has meantme consumers are spending more of their Snapple didn’t see its slice of the defensive” stocks are the discretionarydiscre income and lifting the stocks of carbonated soft drink market best-performing U.S. stock fund casinos,c entertainment, restaurant chains and shrink in 2011. category over the last five years the like. Based in Plano, Texas, Dr. with an average annualized return Even if many of the stock bargains are Pepper Snapple went public in Thursday’s close: $39.75 of 7 percent. gone, Morningstar analyst Jaime Katz says May 2008 after being spun off by Price-earnings ratio: 15 But a behavioral shift is under some good opportunities remain: Cadbury PLC. (based on last 12 mos.) way. As shoppers begin to spend The company’s namesake 52-week price range brand remains its most popular more, consumer cyclicals, also knownown LasL Vegas Sands (LVS) $34.37 $43.13 as consumer discretionary stocks, TheTh casino-resort developer set an soft drink, with a 6.4 percent share have moved to the front of the pack.k. internalinte record for revenue in the fourth of the carbonated soft drink Over the last year, the average returnurn of quaquarterr and saw profits jump 17 percent. market last year, according to 1-yr. stock change: 5.9% mutual funds focusing on this sectoror is 1-1-yearyea total return: 35% Beverage Digest. 1-yr. S&P 500 change: 6.4% 17 percent. By comparison consumermer In the face of rising packaging, Market value: $8.4 billion 52-WEEK RANGE ingredient and transportation $36.08$36.08 $59.85 Target stock price: $41.82 costs, Dr. Pepper Snapple raised Thursday’s close: $57.29 eBay (EBAY) prices last year. The e-commerce and online paymentsyments Still, a bigger concern is that Avg. broker rating: company’s income jumped sharplyply to PolarisPolaris IIndustries (PII) demand for soft drinks has been SELL HOLD BUY $2 billion in the fourth quarter andnd it still TheThe all-terrainall-terra vehicle maker has a strong slowing. Volume has fallen from has tremendous global growth potential,potential, reputationreputation forfor innovation, is expanding into new slightly more than 10 billion cases particularly in Asia. marketsmarkets and is enjoying -digit revenue growth. in 2005 to about 9.3 billion cases 1-year total return: 19% 1-1-yearyear total rereturn:t 71% last year. Wall Street expects its revenue to Still, Dr. Pepper Snapple’s grow 2.8 percent this year. 52-WEEK RANGE 52-WEEK5 RANGE earnings grew about 15 percent to The company’s stock shares, $26.86 $38.1838.18 $41.96$41.96 $73.96 $606 million last year, while revenue meanwhile, are up about 14 percent Thursday’s close: $36.99 Thursday’sThurs close: $72.32 rose 5 percent to $5.9 billion. And from a low in November of $34.78. Source: Morningstar Dave Carpenter; J. Paschke • AP Source: FactSet Data through March 29 Alex Veiga, Jenni Sohn • 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 27.29 9 31.97 31.21 -.15 -0.5 t s s +3.2 +12.7 47 1.76f MedcoHealth Sol MHS 44.60 0 72.50 70.19 -1.01 -1.4 s s s +25.6 +29.4 19 ... AutoZone Inc AZO 266.25 0 386.00 374.34 -2.02 -0.5 t t s +15.2 +38.9 18 ... Medtronic Inc MDT 30.18 7 43.33 39.21 -.23 -0.6 s s s +2.5 +4.0 12 0.97 BancorpSouth BXS 8.23 7 16.25 13.58 -.17 -1.2 t s s +23.2 -9.8 30 0.04 Merck & Co MRK 29.47 9 39.43 38.01 -.30 -0.8 r s s +0.8 +23.0 19 1.68 Boyd Gaming BYD 4.12 7 10.39 8.03 -.04 -0.5 s r s +7.6 -12.0 dd ... Mid Amer Apartments MAA 55.10 6 73.36 65.78 +.27 +0.4 s s s +5.2 +9.5 60 2.64 Buckeye Technology BKI 22.45 8 38.50 34.20 -1.02 -2.9 t t s +2.3 +37.0 14 0.28f Monsanto Co MON 58.89 8 83.95 78.91 -.24 -0.3 s t s +12.6 +14.3 25 1.20 Community Hlth Sys CYH 14.61 3 41.09 22.28 +.12 +0.5 t t s +27.7 -43.6 9 ... Mueller Inds MLI 34.60 8 49.86 45.66 +.08 +0.2 t t s +18.8 +29.6 20 0.40 Corrections Corp CXW 18.41 0 27.03 27.36 +.34 +1.3 s s s +34.3 +14.9 18 ... Navistar Intl NAV 30.01 3 71.49 40.69 +.09 +0.2 t t s +7.4 -40.0 13 ... Cummins Inc CMI 79.53 9 129.51 119.66 +1.68 +1.4 t t s +35.9 +13.8 13 1.60 Nike Inc B NKE 75.62 9 112.97 107.85 +.62 +0.6 s t s +11.9 +43.1 22 1.44 Delta Air Lines DAL 6.41 8 11.60 10.07 +.07 +0.7 s s s +24.5 +0.9 9 ... Pinnacle Entert PNK 8.06 5 15.50 11.08 +.13 +1.2 s t s +9.1 -16.7 29 ... Dillards Inc DDS 37.87 0 64.50 62.98 +.14 +0.2 s s s +40.3 +63.6 7 0.20 Regions Fncl RF 2.82 8 7.45 6.52 -.03 -0.5 s s s +51.6 -7.7 38 0.04 Dover Corp DOV 43.64 8 70.15 62.22 +.65 +1.1 t t s +7.2 -2.9 13 1.26 Renasant Corp RNST 11.80 8 17.59 16.39 -.25 -1.5 s s s +9.3 +6.3 16 0.68 DuPont DD 37.10 8 57.50 52.75 -.20 -0.4 s s s +15.2 +1.2 14 1.64 Sara Lee Corp SLE 15.66 0 22.04 21.43 -.02 -0.1 t s s +13.3 +22.5 54 0.46 Education Realty Tr EDR 7.16 0 10.90 10.69 +.11 +1.0 s s s +4.5 +40.1 dd 0.28 Smith & Nephew PLC SNN 42.07 6 58.25 50.29 +.12 +0.2 s s s +4.4 -8.0 72 0.87e FedEx Corp FDX 64.07 8 98.66 91.74 +.25 +0.3 t s s +9.9 -1.1 14 0.52 Smucker, JM SJM 66.43 0 81.40 81.09 +.08 +0.1 s s s +3.7 +14.5 21 1.92 Fst Horizon Natl FHN 5.38 9 11.70 10.46 -.07 -0.7 t s s +30.8 -6.8 18 0.04 Suntrust Bks STI 15.79 6 30.13 24.15 -.14 -0.6 s s s +36.4 -16.0 22 0.20 Freds Inc FRED 10.27 9 15.27 14.75 -.04 -0.3 s s s +1.2 +15.3 17 0.24f Synovus Fincl SNV 0.94 7 2.77 2.07 -.06 -2.8 t t s +46.8 -12.9 dd 0.04 GTx Inc GTXI 2.34 4 6.86 3.79 -.11 -2.8 s s s +12.8 +56.0 dd ... Sysco Corp SYY 25.09 7 32.76 29.78 -.04 -0.1 t s s +1.5 +10.7 15 1.08 Ingram Micro IM 15.45 6 21.63 18.57 +.02 +0.1 s t s +2.1 -9.9 12 ... Thomas& Betts TNB 37.51 0 72.39 71.74 -.01 ... s t s +31.4 +26.6 20 ... Intl Paper IP 21.55 0 36.50 35.16 +.29 +0.8 t t s +18.8 +30.1 11 1.05 Trustmark TRMK 17.06 0 25.89 25.18 -.36 -1.4 t s s +3.7 +16.0 15 0.92 Isle Capri Casino ISLE 3.90 6 9.89 7.19 +.09 +1.3 s s s +54.0 -23.7 38 ... Tyson Foods TSN 15.60 7 21.06 19.26 -.19 -1.0 t s t -6.7 -0.8 12 0.16 Kellogg Co K 48.10 6 57.70 53.39 +.08 +0.2 s s s +5.6 +2.4 16 1.72 UPS class B UPS 60.74 0 81.79 79.85 -.19 -0.2 s s s +9.1 +11.8 21 2.28f Kirklands Inc KIRK 7.69 9 17.42 16.36 -.34 -2.0 t t s +23.0 +9.8 17 ... Utd Technologies UTX 66.87 7 91.83 82.32 +.80 +1.0 s t s +12.6 ... 15 1.92 Kroger Co KR 21.14 7 25.85 24.22 +.03 +0.1 t t r ... +4.0 25 0.46 Valero Energy VLO 16.40 7 31.12 26.65 -.67 -2.5 t s s +26.6 -6.3 7 0.60 LifePoint Hosp LPNT 28.95 8 43.45 39.15 +.03 +0.1 s t s +5.4 +1.3 12 ... Verso Paper Corp VRS 0.85 3 5.44 1.83 +.21 +13.0 s s s +90.6 -67.5 dd ... Macy’s Inc M 22.66 0 40.74 39.93 -.11 -0.3 s s s +24.1 +75.0 14 0.80f Wright Medical Grp WMGI 13.37 0 19.87 19.42 +.10 +0.5 s s s +17.7 +16.2 35 ...

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 March 31-April 6, 2012 www.thememphisnews.com

Mortgage Free Is real estate & development Not Home Free

Ray’s Take Every homeowner looks forward to the day the mortgage is paid and the family home is owned, free and clear. Mortgage-burning parties are a right of passage. However, that’s not the end of home- related expenses. It is important to do the math before you absorb the amount of that monthly note back into your lifestyle. There are still property taxes to pay, as well as homeowner’s insurance. These two expenses alone can easily reach $1,500 to $2,000 a month. There’s also the cost of regular maintenance, not to mention the expense of big-ticket replacements such as heating/cooling systems, a new roof or remodeling. Add the expenses of updating data connections, pest control, energy-saving upgrades and alarm systems; it all adds up. No won- der so many

people wind Photo: Lance Murphey up in financial Thanks to a $25,000 grant from the National Association of Realtors, Memphis will be able to demolish 20 vacant, blighted homes. ray & dana Brandon trouble when rays of wisdom they make the move from renting to owning. It’s one thing to compare rental rates to mortgage costs, but it’s also important to remember all these other expenses as well – costs that are often overlooked. Far too often people Blight Fight think that renting is “money down the toilet” with- out considering the true cost of homeownership. SARAH BAKER | The Memphis News You should also reevaluate these expenses af- ter the mortgage is paid off. You may be surprised at just how much homeownership still costs. A couple we know realized they could rent a three- bedroom townhome with community pool, tennis NAR funds to be used to raze vacant homes in Memphis court and gym for what they’re still spending on their mortgage-free home. It’s a tempting proposi- emphis is one of five cities to partner with the Memphis Area borhoods – from Frayser to South tion with a lot more flexibility. to receive a $25,000 grant Home Builders Association to demol- Memphis to Orange Mound – as well There are alternatives to giving up on the Mfrom the National Associa- ish structures that are at least 50 as a variety of replacement strategies dream of homeownership. Downsizing or buying tion of Realtors to demolish about 20 percent deteriorated and beyond for the houses that are torn down. a home where property taxes are low are two op- vacant, blighted homes. rehabilitation. The collaboration was “If you have a vacant, deteriorated tions. Neither will eliminate costs, but may make More than 30 cities applied for a fully backed by Memphis Mayor A C structure, the removal of that struc- them more palatable. Whether you’re considering NAR “Game Changer” grant, a new Wharton Jr., who submitted a letter ture is step one and it has an immedi- homeownership for the first time or your mortgage program with somewhat open-ended of support to NAR along with MAAR’s ate impact, but it doesn’t eliminate is paid for, look at the whole cost of homeowner- criteria centered on bettering the application. blight,” Horne said. “You simply leave “We submitted the grant not a hole in the community if all you are ship to determine if your lifestyle will be enhanced real estate industry and America’s homeowners. knowing if we would get anything left with is a run-down, vacant lot. So proportionately to the expenses you’ll face. “There’s really not a set definition at all,” Kobernus said. “I was kind of we’re looking at a menu of strate- of what they are looking for,” said wondering, ‘Are they going to look at gies, and Memphis City Beautiful has Dana’s Take Aubrie Kobernus, director of govern- this and laugh?’ I figured it was going joined with the (city’s Division of) Aside from the dollars you spend on a home, mental affairs for the Memphis Area to be one of two responses – they Housing and Community Develop- there’s still another way homeownership costs you Association of Realtors. “The idea is were going to think it was absolutely ment to research best practices from dearly: your time. Whether you are a do-it-your- that it’s something out of the box that ludicrous or they were going to love all over the United States.” selfer or prefer to hire professionals for tasks from can hopefully be replicated in other it. And thankfully, they loved it.” Possible alternatives are commu- mowing the lawn to painting the living room, your cities that changes the game in some A typical demolition is $4,000 nity and vegetable gardens, serenity time is involved. It’s not uncommon for homeown- way of your community.” to $5,000 for a small, deteriorating, gardens, children’s parks, pocket ers to spend the majority of their weekends deal- The idea came about from a inhabitable house, but with the part- parks for seniors, small art structures ing with home maintenance issues. Compare that new committee that MAAR this year ners and resources at the table, the and even skate parks. It’s an under- to renting, where exterior maintenance happens has called the Community Partners goal range is $1,000 to $1,500 for each taking that not only will have an automatically and your landlord is responsible for Committee, led by chairwoman Lee demolition, Horne said. immediate effect on the surrounding taking care of maintenance issues inside. Davidson Holt. The committee was “With the multiplier of the labor community, but for Memphis as a Another way to lower time spent on mainte- looking for what it could do outside and resources of the homebuilders whole, Kobernus said. nance is moving to a condominium or zero-lot of MAAR and decided on the idea to and with the support and the as- “We’re most excited about is community. We moved to a gated community a few raze blighted homes in a community. sistance of the city, and the services this collaboration with the city and years ago and can’t count how much time Ray has “I immediately thought it was a that we can bring to the table and with the homebuilders – being able saved on yard work. He says he hears angels sing great idea, but it almost sounded too the assistance that we can provide to create a strategic partnership to every time the landscaping crews mow. How much big and too large of an issue to try to in dumping, we expect to do at least deal proactively on an issue that is is that freed-up time worth to him and our family? work on,” Kobernus said. “I was like, 20 houses and have some dollars left so important for our city,” Kobernus Priceless. ‘Well, let’s talk more about it. Let’s over for further matches for replace- said. “Blight affects everybody. It Ray Brandon is a certified financial planner and reach out to the city and see if they ment strategies on the vacant lots,” affects the community that people CEO of Brandon Financial Planning (www.bran- would be interested – and if so, we Horne said. live in; it affects property values; it donplanning.com). His wife, Dana, has a bachelor’s might be able to get some money While the area of town has not adds increased strain on the city degree in finance and is a licensed clinical social from NAR for this.’” been finalized, the demolition will because they’ve got to provide ad- worker. Contact Ray Brandon at raybrandon@bran- Kobernus then met with Onzie concentrate on an area of 25 blocks ditional police services, fire services, donplanning.com. Horne, deputy director of the city’s or fewer, as opposed to a large com- grass-cutting services, everything. We Division of Community Enhance- munity, Horne said. The city will ultimately all see that reflected in our ment, and decided on a strategy study the density of several neigh- property tax rate.” www.thememphisnews.com March 31-April 6, 2012 11

REAL ESTATE & DEVELOPMENT Planning Group Apts. Undergo Rehab Looks at Denver

SARAH BAKER | The Memphis News Blueprint

BILL DRIES | The Memphis News t wasn’t long ago that the Cherokee oversee day-to-day operations. Gabrion stance, the balcony restoration process, Arms Apartments complex in Mid- also owns a triplex and guesthouse at completed by Jesse Schroeder, took two Itown was on the market with a note 201 Central Ave. and a duplex at 233 N. and a half months of sandblasting and of “in need of repair.” Willet St., and she recently bought the scraping to restore back to its original oing from a centralized to a decen- But thanks to Memphis native and former Nylon Net Building at 7 Vance state. And the new fence was finished by tralized school system doesn’t mean current Los Angeles resident Dana Ga- Ave. Apex Ironworks in Midtown. Gless work for a school system. It just brion, the three-story complex will soon “(These buildings) are kind of like “I suspect that when it was built, it means a different kind of work. breathe new life to 1508 Madison Ave. orphan children to me,” Gabrion said. was probably a fabulous place,” Hagan Those in the group drafting the blueprint Under the entity Gabrion Properties “Everyone thought I was crazy when I said. “Judging by the age of the con- for the merged countywide school system LLC, she acquired the 30-unit, Class C looked at the 1508 (Madison) building. struction and the finish out of it, it was a got an idea this month of how different and investment-grade multifamily building They were like, ‘You’re not considering really, really nice apartment building in complex that can be as they looked at the for $455,000 in fall 2010 and hopes to that, right?’ I was like, ‘Oh, no, definitely the early part of the century.” Denver school system’s Office of School Re- have it ready for occupancy come June. not considering that.’ I mean, it was a The Shelby County Assessor of Prop- form and Innovation. Denver Public Schools “I’d like to renovate it, hold onto mess. But it was such a gorgeous build- erty’s office estimates that Cherokee has a “portfolio management” system similar it and lease it up,” Gabrion said. “I’m ing with good bones that I had to save Arms was built in 1950, but local histo- to the one the local schools consolidation trying for the renovations to use as it.” rian Judith Johnson has recently come planning commission has picked as the much stuff made in Memphis or made With Gabrion in California, the across a record showing that J. Frazer structure for the coming schools merger. in America as possible and I’m trying to rebirth of the building was handed over Smith bought the land in 1921 and built The organizational chart of that office keep it historically accurate with every- to Joey Hagan, principal at Architecture the building. Smith also built Lauder- within the Denver school system is much thing I’m doing to it – I don’t want to do Inc. The firm is very active in the historic dale Courts (now Uptown Square) and different, however, than the chart for the a botch job and just put the cheapest renovation and restoration of multi- published a book called “White Pillars.” “multiple paths to autonomy” model the Home Depot stuff in there. I’m prob- family properties – being the architect Due to the scope of the rehab, Ga- planning commission has been working on. ably spending too much money on it for of record for the Hope VI projects at brion removed all the building’s tenants The Memphis group’s structure has what’s smart to get back out of it, but I University Place and Legends Park – but – with the exception of one man who’s one box for an office of innovation. Denver love the building and I love the historic 1508 Madison still presented its fair lived there for more than 20 years. has 17 boxes from a chief of innovation buildings in Midtown, so I want to stay share of unique hurdles. “He’s a sweet man. I don’t really and reform, an executive assistant and an true to it.” “The challenges with a building like know his story, but I was like, ‘I can’t administrative assistant, to a director of stra- Gabrion is a graduate of the Uni- that are the same challenges you have make him leave,’” Gabrion said. “And tegic school design, an executive director of versity of Memphis and a co-executive with any building of that age – none I’m not going to up his rent when we innovation schools and a director of innova- producer of “America’s Next Top Model.” of the electrical meets code, none of renovate it, either. I think he deserves tion strategy and operations. One of the core She was recently honored by the univer- the plumbing meets code, there is no it.” beliefs of Denver Office of School Reform sity with the 2011 Outstanding Young HVAC,” Hagan said. “It had a big, mas- Property management for Cherokee Initiatives is that the “governance model Alumna Award and was elected to the sive boiler in the basement, which was Arms is provided by Revid Realty LLC. does not matter.” university’s 2011-2012 National Execu- really kind of the only way that you lived Gabrion hopes to have the website up But in the Memphis educational culture tive Board of Directors. back in the ’20s. But certainly no air soon (1508madison.com), and will hang where complaints about a top-heavy ad- Owning pieces of Memphis real conditioning. That’s why we’re doing all a banner for street visibility. Other than ministrative structure have been a constant estate is not new to Gabrion, as she new HVAC and no more window units.” that, marketing efforts are currently criticism for decades, the Denver chart owns the historic Talbot Heirs hotel in Various contractors and subcontrac- taking a back seat to the construction attracted a lot of attention for the size of its Downtown Memphis, where her parents tors are working on the building. For in- process. bureaucracy.

Audits, Plans Prevent Financial Problems for Org.

Part three of a three-part series nonprofit is like any other business in that acceptance policy. This policy will assist court may rule that there was consider- regard. Solid financial management is a developing a planned and orderly method ation and find that the donor is legally Taxation, financial management and must. It is advisable to address a system of knowing which gifts to accept and how bound to the pledge.” gift acceptance are three topics we dis- of checks and balances in the by-laws and to handle the gifts when accepted. When asked what a board member cussed with Memphis attorney Van Turner, to require an annual audit of the financial “For instance, if property is donated to should do if she suspects misappro- a partner in the law firm records. the nonprofit, the nonprofit must develop priation of funds, Turner said, “The board Brittenum Bruce PLLC. “If the money just a procedure for making sure they are should immediately remove the executive In regards to disappears and the board receiving good title and that they are not leader from the bank accounts. Further, taxes, Turner said, “Yes, allows it to happen, then accepting a landmine which would cause the board should then request an audit to nonprofits are exempt the board will be held more headaches. Also, the policy could see what has been misappropriated. Fur- from paying federal accountable along with assist with spelling out some of the tax thermore, the board should also alert the income taxes as long whoever took the money. If issues which may come up with certain authorities as to what has occurred. as they maintain their the board had strong pro- types of gifts. “The board should also seize the charitable purpose, MEL & Pearl shaw cedures and the officers “A written pledge can be legally binding executive’s computer. Even if the execu- apolitical purpose. I FUNdraising simply stole the money, in some states if there is consideration tive has deleted emails and materials on must note here that then the board should involved. However, this is a state-specific the computer, those materials can be nonprofits are forbidden from engaging di- probably investigate seeking criminal as issue and may vary from state to state. retrieved and can assist in trying to figure rectly in politics. While 501(c)(3) nonprofit well and civil remedies against the bad Consideration is simply ‘the thing of value’ out what happened with the money.” corporations can encourage the franchise actor. The nonprofit could also purchase each party to a contract agrees to give in You can reach Turner at vturner@brit- of voting by encouraging citizens to vote, insurance to help cover the cost of theft or exchange for what he or she receives. So, tenumbruce.com or 271-3794. they cannot support one candidate or one embezzlement.” for instance, if a nonprofit was going to Mel and Pearl Shaw are the owners of political party over the other.” There are fundraising-related legal is- name a building for someone who pledged Saad & Shaw. They are the authors of “How We also wanted to know about sues as well, and Turner addressed these. a large sum of money and the nonprofit to Solicit a Gift: Turning Prospects into Do- financial management. He told us that “a “I suggest that nonprofits develop a gift began construction on the project, the nors.” Visit www.saadandshaw.com. 12 March 31-April 6, 2012 www.thememphisnews.com

Attorneys tourism Warn Against Two-Wheeled Tours Workplace Segway Experience provides unique way to see Memphis Political Talk

ANDY MEEK | The Memphis News

emphis attorney Jeff Weintraub was involved in a case recently Mthat involved an employee who took offense at some political comments her employer made. Her employer was staunchly opposed to President Barack Obama – and her per- ception was that it was racially motivated, according to Weintraub, managing partner of the Memphis office of Fisher & Phillips LLP. The employee quit her job and filed a charge with the U.S. Equal Employment Op- portunity Commission. Weintraub said that was dismissed, but then she filed a lawsuit. “That eventually went away, but I think it all suggests a problem with immersing one’s self in strong political opinions at work,” Weintraub said. Free speech concerns are sometimes a tricky issue when it comes to workplace con- siderations. The hot-button nature of politics coupled with a presidential election that’s less than eight months away – but which will hinge on controversial topics such as health care and taxes – can compound things. That’s according to Weintraub, who said he’s seen a similar discussion dissolve into fisticuffs at a client’s business. Photo: Lance Murphey “I think our issue is that when people talk Justin Caughlin leads Karen and Barbara Landay on the two-hour Segway Experience of Memphis. The tour begins with a politics, sometimes it becomes animated safety video and Segway PT product orientation, and winds past , the National Civil Rights Museum, Cotton Row and even emotional,” he said. “This is one of and the . those upcoming elections when – there are people who are very strongly opinionated on ANDY MEEK | The Memphis News each side of the political spectrum right now. I’ve heard a lot of emotions. “It’s the going over the edge in the work- place that I see as a problem. I don’t see it ourists and other guests in concierge desk. are providing constant contact.” as a real First Amendment issue. I don’t see Downtown Memphis can always After that, a brief video walking There will be Segway excursions really any real workplaces where manage- Tleisurely stroll past landmarks through safety issues and an orienta- daily from The Peabody, and tickets are ment is saying you are not free to discuss like AutoZone Park and FedExForum tion to Segway’s PTs (personal trans- $59 per person. Riders have to be at politics. What I do see is if there are no limits, as they take in the sights and sounds of porters) will be shown. least 14 years old and weigh between things can get out of hand and become the city. “And then from there, we start our 100 and 260 pounds. disruptive.” But Segway Inc. has now made it tour, which goes all around Downtown Also, helmets have to be worn for Other Memphis attorneys who deal with possible for them to leave from The Memphis,” said Deb Novak, who works the entire ride. employment issues agree. Robert Meyers, of and, well, to segue from for Segway and help set up the Mem- The new Peabody experience Ford & Harrison LLP, said unless the business one point to the next Downtown by phis tour. comes at a big milestone for Segway is somehow tied to politics, employers and riding as part of a guided tour. She helped scout out the route visi- Inc., which celebrated the 10th anni- employees should take care not to let politi- The Segway Experience of Mem- tors will take. After guides were hired, versary in January since the company cal discussions create divisions at work. phis, which is based at The Peabody, they had input into the experience, and unveiled the PT on “Good Morning Lang Wiseman, a partner at Wiseman is now up and running. Its launch the route was then tweaked a little. America” in 2001. Bray PLLC, said there’s an even bigger worry will give Memphians and visitors yet It was important to make sure the In 2002, the PT became available to than that. another unique option of exploring riding area was as smooth as possible, customers. “Politics can be a passionate topic that the city along with things like running for example, so that the experience Segway today has a worldwide can lead to heated – if not disruptive – inci- tours and carriage rides. wasn’t too jarring for anyone using the network of more than 250 distributors, dents and feelings,” he said. “In fact, political Peabody guests will get a 20 percent PTs. dealers and “experience centers” in 80 discussion can at times even become infused discount. “The tour consists of Beale Street, countries. with notions of religion, race and sex that “Segway Tours will be a great addi- the FedExForum, we go down by the “As a corporation that’s headquar- can create actual legal risks for the employ- tion to our list of guest amenities here Orpheum, down Main Street, over to tered in New England, we’ve been ers. That's not to say that every perceived at The Peabody,” said Kelly Earnest, the the Civil Rights Museum, over by The blown away by Southern hospitality slight or discomfort in the workplace gives hotel’s director of public relations. “Not Arcade, and then we go along the river and how welcomed we’ve been by the rise to a legal cause of action, but just to only will it be a fun and exciting way and back up Union over to AutoZone Memphis community,” said Suzanne note that there is a careful balancing act that for our leisure visitors to see Down- Park,” Novak said. “And then our tour is Dumaresq, a public relations specialist employers have to stay on top of.” town's historic sites and attractions, pretty done from there. for Segway. Meyers also noted the possibility that but we know it will be a big hit with our “It’s about an hour-and-a-half ex- “And I mean that all around, from an employee who disagrees politically with convention groups as well.” perience. All our guests wear a lanyard the staff at The Peabody to the media an employer may look suspiciously at any The way it will work: The Peabody with a speaker around their neck, so to our first customers to the commu- employment actions taken against them will take most of the reservations for the entire time they’re hearing facts nity in general. We definitely have not after they voice their disagreement, which is the rides unless they’re done online. A about the history of Memphis and seen this kind of reception anywhere another employment law concern. Segway guide will meet visitors at the really just everything. The tour guides else.” www.thememphisnews.com March 31-April 6, 2012 13

SMALL BUSINESS Small Biz Participants Sought For e200 Business Training Program

AISLING MAKI | The Memphis News vide the tools to grow your business be- the foundation for us being able to be Program designed to cause at the end of the day we know that successful in that area.” help accelerate small means jobs created,” said Walter Perry, Participants are supported by a strong district director at the U.S. Small Business coalition of government organizations emphis Mayor A C Wharton business growth Administration’s Tennessee office. “That and professional associations, and men- Jr., Shelby County Mayor Mark means economic growth right here in tored by experienced business advisers MLuttrell and the Small Business whose companies are in the inner city, Memphis and Shelby County.” who can offer keen insight to business Administration are urging local small- have been in business for at least three The Memphis & Shelby County Office owners ready to take the next step. business owners and executives to enroll years, and whose business revenues total of Economic Development and Whar- “One of the things that I’ve learned in in The Emerging 200. at least $400,000. The initiative focuses on ton’s and Luttrell’s offices sponsor e200 in terms of growing my business and being The program is an intensive federal businesses in historically economically Memphis. The comprehensive curricu- a smart business person is taking advan- training initiative focused on accelerating distressed areas for which entrepreneurial lum arms qualified business owners with tage of every opportunity you have,” said the growth of high-potential businesses in success will generate new jobs, attract powerful tools to accelerate the growth Sandra Walls, president and CEO at AIL the nation’s inner cities. Better known as needed investment and provide a more of their businesses, expand their net- LLC, a Memphis-based company that e200, it is seeking to enroll 17 participants sustainable economic base. works, diversify their markets and explore provides acquisition management and in Memphis, where free training sessions According to the SBA, government financing options. logistics services. will be held starting April 19 at the Small statistics “confirm that inner-city small The curriculum provides strategies to Walls, a 2008 graduate of the e200 Business Administration office at 555 businesses are the roaring engines of help business owners access new avenues Emerging Leaders program, said her Beale St. sustained economic growth and job of capital, secure contracts with larger company – a service-disabled veteran-, “I’ve seen firsthand what small busi- creation.” business and government entities, and woman- and minority-owned small busi- nesses do for this community and what Memphis is the only city in Tennessee have practical tools to pursue new paths ness – grew from a home-based business the e200 Emerging Leaders program does and one of 27 cities across the country – for business development. to one that generates about $12 million a for small businesses,” Wharton said. “As including Atlanta, Boston, Denver, Phila- “We go out and we fish for the big fish year, with headquarters at 1320 Peabody the Small Business Administration marks delphia and New Orleans – with an e200 and bring them in here, but what the big Ave. and branches in several states. the start of a new class, I encourage Mem- program. Participation in the program is fish tell us is, ‘If you don’t have small busi- She said she’s grateful for the relation- phis entrepreneurs to apply.” free, with support from the SBA and its nesses to support us, then we can’t help ships she forged through her e200 par- The e200 training series, which has partners as an investment in the future you,’” Luttrell said. “When you go out ticipation and the ongoing collaborative so far graduated 60 local leaders, is not success of the neighborhoods served by and you grab an Electrolux or Mitsubishi, attitude local graduates share in helping geared toward start-ups. It’s open to participating businesses. that’s nice to have, but it’s people like one another to succeed in growing their small-business owners and executives “We want to make sure that we pro- (small-business owners) who are really businesses.

health care & biotech Study Shows Cancer Disparity

AISLING MAKI | The Memphis News in Memphis and funded by the National women in Memphis, with a lack of health Center for Minority Health and Health insurance being the obvious barrier. Disparities. “I’m not aware of anyone who gives “Many states have been focusing on free treatment for breast cancer,” she frican-American women in Mem- the geographic component, but have said. “I’m really optimistic about national phis are more than twice as likely been looking more at state versus state health care reform. I think that provides Ato die from breast cancer as their or region versus region,” she said. “For options that haven’t previously been white counterparts, according to a study instance, we’ve found that Southwest available. It would be possible for persons released last week. Tennessee has higher racial disparity in to get early treatment as opposed to later A study conducted by the Sinai Urban breast cancer instance rates than other re- treatment because that also makes the DO YOU NEED A Health Institute in Chicago, funded by the gions of the state. But to look at the larger difference.” Avon Foundation Breast Cancer Crusade cities and make comparisons there I think Black women tend to be diagnosed BUSINESS LOAN? in New York and published in Cancer is a really important contribution.” in later stages of breast cancer compared DO YOU HAVE LESS Epidemiology: The International Journal The study showed San Francisco has to white women. White-Means said a of Cancer Epidemiology, Detection and the lowest rates of disparity in breast can- study conducted by CHEER showed black THAN PERFECT Prevention, is believed to be the first cer mortality, but Memphis showed the women receiving breast cancer treatment study to analyze the racial disparity in most significant difference between mor- had significantly longer hospital stays CREDIT? breast cancer deaths at the city level. tality rates for white and black women. than their white counterparts. We offer business loans for your “We have disparities in education, Although white women are more White-Means said the results come as business and we accept credit often diagnosed with breast cancer, black no surprise considering Memphis scores which correlates with knowing about women are much more likely to die from lowest on a range of health issues. prevention, different disease stages and scores as low as 520 with the disease. The study estimated more While some breast cancers in black treatment options,” she said. “Educational NO COLLATERAL! than 1,700 black women annually die un- women may be of a more aggressive vari- disparities also transfer over to disparities necessarily from breast cancer. ety with poorer survival rates, lower rate in outcomes.” Requirements Include: Race-specific mortality rates were ratios in cities such as Baltimore and New CHEER’s research showed black wom- 6 month bank statements presented for the nation’s 24 largest cities, York suggest that even if there are biologi- en were also much less likely to undergo a finding disparities between black and cal differences in tumor aggressiveness, mastectomy. Articles of Incorporation white mortality rates in 21 of those cities. they would not account for differences “It could be cultural, it could be the 520+ Fico Score “To look at this from a city standpoint between cities. The study suggests that cost, or it could also be associated with No Credit Card Processing is really good,” said Dr. Shelley White- access to care and structural issues, such mastectomies requiring more time off Required! Means, director of the Consortium for as poverty and racism, are the root of the from work in order to recover,” White- Health Education, Economic Empower- disparities in breast cancer mortality. Means said. “So differences in the work- (901) 308-8533 ment and Research, housed at the Univer- White-Means said access to care poses force experience affect medical treatment sity of Tennessee Health Science Center a significant problem for many black options.” 14 March 31-April 6, 2012 www.thememphisnews.com

Investment GOVERnMENT Firm Gets Redistricting Battle All Clear From SEC Moves to Court

BILL DRIES | The Memphis News

Andy Meek | The Memphis News

espite getting a formal alert from Mid-May expected date for Chancellor to rule on new districts the U.S. Securities and Exchange DCommission in 2009 that the federal here will be no fourth try at a redistricting plan by other commissioners caucused in a back room during the agency might bring a civil enforcement the Shelby County Commission. public meeting. action against the firm, Memphis-based T The issue will be decided by Shelby County Commission chairman Sidney Chism said their absence investment firm Consulting Services Group Chancellor Arnold Goldin probably sometime in mid-May. was an indication that none would be changing their votes. has now been told by an SEC regional office County commissioners dropped a fourth attempt at set- In other action, the commission delayed indefinitely that no such action will be coming. ting new district lines for the body Monday, March 26, after any further action on an animal welfare ordinance. CSG sent a letter dated March 23 appar- conferring with their attorneys in a closed session about the The ordinance setting standards for animal care and ently to clients of the firm – addressed “Dear next step in the Chancery Court decision to come. provisions for reporting suspected animal abuse was Friends of CSG” – and explains that, while Goldin will get briefs from the different sides in the dis- amended in committee last week again delaying a final vote CSG was investigated as part of a broad pute by mid-April and is expected to rule on them without by the full commission until April. probe into dealings surrounding New York’s a hearing. But the commission voted instead to freeze any action state retirement fund a few years ago, the Several attorneys for the commission and county on the ordinance on Monday’s second reading and put it on SEC has now told CSG it does not intend to government have also said the central issue likely will be hold indefinitely. take action against the Memphis firm. whether a set of 13 single-member districts with seven Commissioner Steve Mulroy, the sponsor of the mea- “We voluntarily and fully cooperated majority black districts is required to have a seven-vote sure, urged the body to let his ordinance get to an up-or- with the SEC in its investigation of the New majority to pass with a nine-vote, two-thirds majority. The down vote on third reading in April. York State Pension Funds which resulted in plan got seven votes on third and final reading earlier this “All the work that we’ve done should not be thrown 19 different firms either being charged with month. away,” Mulroy said, adding that he amended the ordinance wrong doing or settling charges,” the letter The two-thirds majority is required by the Shelby to try to placate opponents of the measure. “Vote on the from CSG reads. County Charter, but the Tennessee Constitution requires merits, not on saving time.” “We are pleased to inform you that CSG only a simple majority. Mulroy said he also intended to rally supporters of the was not among this group. The Securi- Commissioners also voted Monday to request the measure on third reading at the April meeting. But several ties and Exchange Commission’s New York county administration have an attorney involved in the commissioners said the previous delays and amendments Regional Office informed Richard Nummi, lawsuit to specifically defend the charter provision. to the ordinance weren’t fair to opponents who have been CSG’s General Counsel, by letter dated Attorney Ron Krelstein has said he believes the charter showing up to speak against the measure for six months. February 28, 2012 … that the SEC’s staff after provision is unconstitutional and that he will not defend it. The opponents contend the ordinance amounts to completing its investigation determined that The controversy turned the issue of a new set of district unwarranted government intrusion and duplicates existing no enforcement action by the Commission lines into a question about changes in the county charter state laws. They also fear neighbors might report instances against CSG with respect to its investigation that could affect other issues. of abuse for animals owners who don’t conform to an unre- of the New York State Pension Funds was Commissioner Brent Taylor said he was willing to alistic set of care standards but do not abuse their animals. intended.” change his vote against the plan that got seven votes to pre- “It borders on dog idolatry and blasphemy,” said Lee The formal notice CSG got in 2009 was vent a court decision on the majority question provided he Cochran, one of the more outspoken opponents who in the something called a Wells Notice. It’s an could find one other “no” vote to give the plan nine votes. past has linked the ordinance to government conspiracies. indication the SEC may be poised to take He couldn’t. “This is neither dog idolatry nor blasphemy,” Mulroy action against the recipient, but it’s not a “None of them are here,” Taylor said as some of the replied. “This is a simple animal welfare ordinance.” guarantee. The recipient still has a chance to convince the SEC to change its mind. CSG found itself caught up on the periphery a few years ago of what became a major so-called “pay to play” pension con- NONPROFIT SECTOR sulting scandal in New York. A complaint filed by the SEC against two political figures in the state said CSG had been approached to pay “what amounted to Gala to Benefit MED Foundation a kickback demand” to get additional busi- ness from New York’s retirement fund. | Later, Forbes magazine published a AISLING MAKI The Memphis News scathing article about the Memphis firm titled “Tainted Pension Fund Advice.” That article noted a litany of supposed red flags surrounding CSG’s arrangement he Four Tops, The Temptations for The MED Foundation, and organiz- and two-time Grammy Award winner with Shelby County, where CSG has served Review, Thelma Houston, and ers anticipate this year’s event will be Peabo Bryson, who performed “Beauty as an adviser to the Shelbu County pension TMarilyn McCoo and Billy Davis Jr. equally successful. and The Beast” and “A Whole New fund. will bring their legendary brand of soul MED Foundation board members World.” However, CSG officials have long main- to The Peabody hotel’s Grand Ballroom Leigh Shockey and Susan Arney, who Proceeds from the evening will ben- tained what the SEC has now confirmed Saturday, March 31, during “Med Night: organized last year’s gala, are once again efit a multitude of services provided by with respect to the New York matter. A Soul Celebration.” co-chairing the event. the public hospital, including the Dr. At one particular Shelby County retire- The blowout concert benefits The Last year’s wildly successful event Sheldon B. Korones Newborn Center ment board meeting, CSG co-founder Fred MED Foundation, the fundraising featured Jerry Butler, the New Tempta- – one of the nation’s oldest and largest Hodges was blunt. He said the company has arm of The Regional Medical Center at tions Review, Russell Thompkins Jr. neonatal intensive care units – the Fire- “never paid as much as a pack of gum to buy Memphis. and the New Stylistics, The Emotions, fighters Regional Burn Center and Elvis an account.” “We’re almost sold out,” said Tam- Percy Sledge, Billy Paul, Eddie Floyd, Presley Memorial Trauma Center, the “I get very emotional about this,” Hodges mie Ritchey, executive director of The Freda Payne, Archie Bell, Candi Staton, only burn center and level-one trauma told pension board members during that MED Foundation. “I would encourage William Brown, Maxine Brown and Dee center in a 150-mile radius. same meeting. “The relationship we’ve got people to go online and get their tickets Dee Sharp. “The money from this event goes down here is very important.” really quickly.” And it doubled as a star-studded back into supporting a community The 2011 Soul Gala netted $250,000 60th birthday bash for event headliner hospital,” Ritchey said. www.thememphisnews.com March 31-April 6, 2012 15

Arts Pas de Deux Ballet Memphis’ Connections: Kids program empowers city’s underserved youth

Aisling Maki | The Memphis News

allet Memphis is using the city’s back on performances. community centers as a vehicle to The first sessions took place in the fall Bexpose children to the arts while and focused on commercials. Condon as- empowering them to make healthy life- sembled a montage of television advertise- style choices. ments, designing dances around them to Connections: Kids is an outreach pro- demonstrate how media, including ce- gram that enables youth to learn creative lebrity endorsements, impact the choices movement from professional dancers in kids make. The performance included their community who motivate them to interactive dialogue and dancing, teaching think critically and take charge of their children choreography and the value of health. The program was created about 18 exercise and caring for your body. months ago when the company was apply- In one exercise, a facilitator has a vol- ing for a grant from The Junior League of unteer scoop sugar into a bag to demon- Memphis. strate the amount of sugar in a 16-ounce “They were looking for something new bottle of cola, which contains the equiva- and innovative,” said Karl Condon, Ballet lent of 12 teaspoons of sugar. Memphis assistant artistic director. “We “Immediately we make an impact and decided to create a new project and try try to say, ‘Instead of reaching for a cola, try to focus on childhood obesity … talking water instead,’” Condon said. “Not that we about lifestyle changes and good choices.” never want you to have a cola again in your To design the program, Ballet Memphis life, but you don’t need two or three a day. Photo: Lance Murphey dancers and staff met with experts like It gets their attention, they’re immediately Cecily Khuner and Ballet Memphis dancers perform Pork Songs as part of a Ballet Mem- Dr. Marion Hare, associate professor of phis community initiative called Connections: Kids at Hickory Hill Community Center. involved.” Preventive Medicine and Pediatrics at the The program, funded in large part by The Junior League of Memphis, introduces kids to So far, children at nine community University of Tennessee Health Science movement and dance. centers – McFarland, Gaisman, Orange Center, to learn effective communication Mound, Whitehaven, Hickory Hill, Pine techniques for delivering information chosen because unlike the captive audi- Memphis wanted to focus on was obesity, Hill, Lester, Douglas and Ed Rice – as well about childhood obesity and healthy life ence of a classroom setting, the centers as well as introducing the arts and maybe as one Boys & Girls Club have participated habits to children. would attract children who were there exciting youth through the arts for some in the program. “We don’t even use the words ‘child- by choice, making it easier to gauge the positive results in those youngsters,” Lee Connections: Kids is now in the midst hood obesity’ in our dialogue,” Condon program’s success. said. “I thought that was a real good oppor- of its spring session, which focused on how said. “We have met with several different Condon approached Joseph Lee III, tunity to share and bring Ballet Memphis social media, delivered through devices nutritionists to ask about the best way to deputy director of Parks & Neighborhoods, to the various community centers. It’s just such as smartphones and tablets, influ- carry this message to these children. They Recreation Services at the city of Memphis, a great collaborative program.” ences the choices of children. told us to pick two or three bullet points; to get the program into the centers. The Junior League grant enabled Bal- Connections: Kids uses Ballet Mem- you don’t want to overwhelm or insult Lee said the program is a perfect fit let Memphis to purchase items such as a phis’ youngest and newest dancers – train- them, and you don’t want them to feel with the department’s three core areas of portable floor, wireless speakers, a 14-foot ees, apprentices and first-year company bad.” focus: health, fitness and wellness; edu- portable movie screen and a projector. members. Condon said the children The performances are designed to be cational and character development; and In addition to funding, The Junior connect with the younger dancers, who delivered through community centers in cultural arts and expressions. League provided volunteers to help set up can serve as role models, while the dancers underserved neighborhoods, which were “The additional caveat that Ballet at the community centers and offer feed- gain valuable experience.

Politics Deadline Looms for Complex August Elections

BILL DRIES | The Memphis News

he August elections were already version that has more would-be contend- year. that includes the nine members of the going to be more complex than ers still includes candidates from the By state law, the terms of board mem- old board and the Tusual. already decided March 6 elections. But it bers have to be staggered. So the winners seven members of the old Shelby County There are the changes from this year’s also includes more potential candidates of the three even-numbered districts will Schools board. Those 16 other positions drawing of new district lines for the Ten- for August who didn’t make the other list, be running for a full four-year term while will be phased out in September 2013, with nessee Legislature and the U.S. House of billed on the website as a “short list.” those who claim the four odd-numbered only the seven positions on the August bal- Representatives. So far, a third of the 75 would-be district seats will serve one-time, short- lot remaining. There is also a move in Millington to candidates who pulled qualifying petitions ened terms of two years. The terms begin All seven incumbents have pulled peti- eliminate the office of mayor. had filed, according to the longer of the Sept. 1. tions for the August elections. A week from the April 5 filing deadline two lists. The seven incumbents were appointed Incumbents Christopher Caldwell, for candidates, the Shelby County Election The Shelby County Commission to the seats by the Shelby County Com- Teresa Jones and Reginald Porter Jr. have Commission has two sets of lists of candi- switched the numbers of Districts 4 and mission in October when the districts were filed. dates who have filed and picked up quali- 5 to keep the two suburban districts that created in the settlement of the federal Kevin Woods, who had been the Dis- fying petitions to get on the August ballot. take in territory outside the city of Mem- lawsuit over schools consolidation. They And those two sets of lists don’t match. The phis in the same election cycle after this currently serve on a 23-member board Elections, CONTINUED ON PAGE 40 16 March 31-April 6, 2012 www.thememphisnews.com

special coverage

special emphasis: OFFICE & INDUSTRIAL REAL ESTATE MEMPHIS ADVANTAGE Industrial sector weathers economy thanks to city’s logistics brawn

SARAH BAKER | The Memphis News maps

Himanshu Varma, center, is CEO of Cordova Safety, Products, which was recently listed on an Inc. Magazine list Maps should follow the style shown below. The colors are in screens of the Dixon Hughesof the most blue rapidly. Loca tions that need growing companies in the country. Cordova Safety just signed a white circle; state boundaries are also shown in white. lease to expand into two warehouses formerly used by Cleo Inc. Photo: Lance Murphey

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s the industrial market approaches increase, but an increase – in rental rates Defense Depot, Diamond Comics, 4480 the end of the first quarter, a hand- and hopefully, landlords will be able to Swinnea Road and Trinity Ridge Business A ful of deals have local brokers en- take advantage of a better market that they Center, Memphis in many ways is back on couraged that the city’s bread-and-butter haven’t been able to take advantage of in a the radar screen for large institutions seek- sector is poised for recovery. long time.” ing investment properties. Recent notable industrial leasing trans- But perhaps one of the best signs that Case in point is South Carolina-based actions – all of which occurred in Class A the market is experiencing real recovery It’s all about timing. When Johnson Development Associates Inc., bulk warehouses – include Trane U.S. Inc.’s is development. It began again last year do we come out of this which plans to turn the vacant Mall of 625,000-square-foot lease in with build-to-suit projects for McKesson cycle, when not? I think the Memphis site at Interstate 240 and Perkins Distribution Center; Kimberly Clark Corp.’s Corp. (645,000 feet), Anda Pharmaceuticals good news for Memphis Road into an industrial park of three of- 556,000-square-foot lease in Airways Dis- (234,660) and Schulz Xtruded Products and Shelby County is there fice/warehouse and distribution buildings tribution Center; and Impact Innovations’ (202,100). The momentum continued with with loading docks spanning about 1 mil- hasn’t been any unbridled, 275,000-square-foot space at Southridge the recent announcement that Milwaukee “ lion square feet. Corporate Park. Electric Tool Corp. will add 600,000 square reckless development the The plan, passed by Memphis City All of these leases contributed to feet to its local portfolio in a new building last several years.” Council, will likely entail build-to-suit positive absorption of more than 1.7 mil- that to be developed by Industrial Devel- activity rather than spec, said Jeb Fields, – Jon Albright lion square feet in 2011, even with Cleo opments International in its Crossroads Broker, Sperry Van Ness / Investec Realty Services vice president with Cushman & Wakefield/ Inc.’s move-out last fall vacating 1 million Distribution Center in Olive Branch. Commercial Advisors LLC who represent- square. Leasing activity also bumped va- What’s more, Atlanta-based IDI plans ed Johnson Development. Regardless, it cancy rates down to 15 percent at the end to build two separate speculative buildings While sustained recovery is yet to be speaks volumes about the city’s centralized of the year compared to 15.3 percent at the in the master-planned, 475-acre business seen, there are other signs of activity that location for supply chain clients who need end of 2010. Sparing any more big plant park, marking the first spec construction indicate positive industrial strength on proximity to assets like the FedEx Super closes or move-outs, vacancies will con- since 2008. the horizon. For instance, a New Jersey- Hub at Memphis International , tinue to trend downward, said Andy Cates, “It’s all about timing,” said Jon Albright, based REIT recently acquired Anda’s Olive interstate access and five Class I railroads. executive vice president of brokerage ser- broker with Sperry Van Ness/Investec Branch facility Crossroads Distribution “Memphis’ logistics capabilities are vices for Colliers International Memphis. Realty Services. “When do we come out Center from IDI for $16.2 million. tried and true and developers recognize That in turn will cause rental rates to inch of this cycle, when not? I think the good And Varma Family LP – an entity that,” Fields said. “Brokers that I’ve talked up, especially for users seeking 200,000 feet news for Memphis and Shelby County is related to Memphis-based Cordova Safety to in other markets … see that happen- and more. there hasn’t been any unbridled, reck- Products – has bought two warehouses on ing here and think, ‘Wow, that’s a pretty “If I was looking at a crystal ball into less development the last several years. Viscount Avenue toppling the 1 million strong statement about what Memphis the end of this 2012, I believe you will see Everybody’s been working on how to fill up square feet formerly occupied by Cleo in has to offer.’ We’ll always be in the running a continual trend in the vacancy rate get- their buildings. Most of the developers and Airport Industrial Park Section A. for distribution centers and companies ting smaller,” Cates said. “As vacancies get owners that have survived through the last Building on last year’s investment that are looking to take advantage of those tighter, we will see an increase – a slight five years are fairly conservative.” activity with deals involving Memphis advantages that Memphis offers.”

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special emphasis: OFFICE & INDUSTRIAL REAL ESTATE With Changes SMALL BUSINESS SPOTLIGHT In Health Care, Time to Own It New National Network Affiliation With our health care changing daily, no one knows for sure how it will all end up. Not the hospitals, not the doctors and definitely not us, the patients. But the one thing we Bolsters Investec Realty Services can be sure of is change. A change in billing, a change in coverage, a change in delivery, a change in our health and a change in indi- DAVID ROYER | Special to The Memphis News vidual accountability. The new Accountable Care Organization will focus on quality versus volume. Health care organiza- ommercial real estate firm tions today will Investec Realty Services has be presented broadened its reach beyond the with strong gov- C Memphis market thanks to a partner- ernance models ship with the international network of pushing them Sperry Van Ness. toward a change A recent franchise affiliation in- Jane Clark to more account- creases the company’s footprint from Guest Column able health care 10 brokers in Tennessee to more than systems. The 700 affiliates in 145 markets, plus an- accountability will fall on both the physician other 35,000 brokers who subscribe to and the patient. the Sperry Van Ness network. Patients must learn to engage in their The managing directors of the firm, health and contribute to their clinical out- now called Sperry Van Ness/Investec comes. In other words, we must understand Realty Services, are Anthony Lopes, Jon Photo: Lance Murphey and take charge of our own health care man- Albright and John Snyder. The brokers Sperry Van Ness/Investec Realty Services managing directors are John Snyder, agement. In order to forge ahead, we must said Investec had worked increasingly from left, Jon Albright and Anthony Lopes. own it! Own your health that is. The last time I with clients from outside the Memphis checked, my doctors were human beings just area over the past few years, so partner- firm such as Investec. remains independently owned and like me. They are limited by their own knowl- ing with Sperry Van Ness gives the firm “If you look at the national trends, operated under the franchise. edge and capabilities. A physician might be a wider profile for clients who often it’s a lot harder just to be a boutique The partnership is helping diver- more knowledgeable than I am in the medical operate nationwide these days. commercial real estate firm, especially sify the firm’s largely Memphis-based arena, but no one is more knowledgeable “We were looking for a national from a technological standpoint.” portfolio and may have helped Investec about ourselves and our own bodies than platform to work from, so I gave them a Lopes said. land listings in Mississippi and Chicago we are. It is not fair to expect your doctor to call and they followed up aggressively,” The Sperry Van Ness online tracking thanks to Sperry Van Ness affiliates have all of the answers without you provid- Lopes said. system allows brokers to quickly up- there, Lopes said. Investec completed ing the correct information about your body, Lopes, principal broker at Investec, load property information to the Web, more than $80 million in transactions and then correctly following through with his said he was initially attracted to Sperry decreasing time to market from as long in the past year, and it manages about direction. So own your health. Van Ness because of its policy of coop- as three weeks to as little as an hour, 300,000 square feet of commercial The Hippocratic Oath sworn to by all erative compensation, which guaran- Snyder said. space. In addition to its office at 51 physicians mentions “That I will recognize the tees that half of every sales commission Commercial real estate has under- Germantown Court near Walnut Grove, limits of my knowledge and pursue lifelong is reserved for the selling broker. That gone a transformation in the past five Sperry Van Ness/Investec is opening a learning to better care for the sick and to incentive for sales brokers becomes an years, increasingly relying on new tech- Nashville office with one broker serv- prevent illness.” advantage for the seller by maximizing nology, nationwide contacts and social ing a growing market where Investec Let’s take note of the words “prevent the pool of potential buyers. media to stay relevant and thrive. already served a stable of clients. Illness.” We have a responsibility to partici- The affiliation gives Investec a “Especially with what we’ve gone Lopes said the recession and slug- pate with our physician in our check-ups and connection with experienced brokers through in the past few years, you’ve gish recovery have opened up op- on the ground in markets they want to got to be relevant to your clients, and portunities for the firm by decreasing examinations to encourage our own better serve. But Sperry Van Ness also offers a part of that has to do with informa- competition. Capital is flowing more health. We cannot simply rely on medicine to technological infrastructure that moves tion knowledge,” Albright said. “Some freely now than just a year ago and he treat us once we are ill, but we must be pro- Investec into the next phase of market- (clients) don’t want to be bothered with expects there will be pent-up demand active in our health to hopefully avoid taking ing, with Facebook and Twitter pres- the new. Others demand it.” for commercial space on the other side medicine at all. Not to sit on the couch, but to ences, plus a smartphone app and its Investec’s partnership with Sperry of the recovery. With new technology walk down the street and get some exercise. own internal social network similar to Van Ness was announced in December, and new nationwide contacts, Lopes Not to wait for the flu to present yourself in a LinkedIn – tools that would have been the 11th franchise deal last year for the hopes Investec will be better positioned local ER, but instead to see your physician by harder to maximize for a small, local Irvine, Calif.-based company. Investec to serve clients. appointment at the onset of any symptoms of an illness. Let’s work together to keep our ERs for life-and-death circumstances, and not the common cold. Let’s spend our health care dollars more wisely. Own your health. Your accountability has to be an attainable goal in order to improve your individual health Magna Bank has care experience. Words you can depend on seeing going been a huge asset. forward include Nutrition and Wellness, “ Preventive Medicine, Improved Outcomes and Accountable Care. We are all given a duty — Jeremy Stinson, Owner to take care of the space we occupy on this ” earth. Own it! And if you know someone not as fortunate as yourself, remember “Love they Neighbor,” and help them to gain an Contact Magna Commercial Division to learn understanding so they can own it too. what a huge asset we can be to your business. Jane Clark is president of Man- agement LLC and a member of the Memphis chapter of Commercial Real Estate Women. Magna Commercial Division 901.259.5642 magnabank.com www.thememphisnews.com March 31-April 6, 2012 19

special emphasis: OFFICE & INDUSTRIAL REAL ESTATE

area that experienced positive absorption last year. Outlook Tied to Small Biz Expansion Pinnacle’s move and expansion by roughly 100,000 square feet of space helped lower the overall Downtown va- MICHAEL WADDELL | Special to The Memphis News cancy rate by 6 percent and decrease the Memphis MSA vacancy rate by 1 percent to 17.9 percent, according to CBRE’s fourth quarter MarketView report. ompanies seeking larger blocks the uncertainty that sometimes comes 2008, when Boyle built the aforemen- The 385 corridor boasts the area’s low- of office space are staying on the during an election year could temper the tioned 999 Shady Grove building and est vacancy rate at only 11 percent. Csidelines for the most part so far expansion of small business somewhat Highwoods developed Triad Centre III. Overall, asking lease rates have this year because of diminishing inven- as the year progresses. He is also seeing Concessions like free rent and tenant not changed much in the past 12 to 18 tory in the area’s hottest submarkets of encouraging signs and interest from the improvement costs were in play more months, and Drinkard expects that to East Memphis, the Tenn. 385 corridor and business service, financial service and heavily last year, but Mercer expects to continue through 2012. The overall asking Downtown. health care sectors so far this year. see that trend decreasing this year thanks lease rate for the Memphis MSA regis- The health of the local office market “We are all keeping a close eye on the to less downward pressure on rental rates. tered $17.66 per square foot at the end of for the remainder of 2012 is expected to fallout that may or may not happen from Don Drinkard, CBRE senior associate last year. However, rates could begin to hinge on activity involving smaller busi- the Raymond James-Morgan Keegan specializing in the Downtown office sub- rise in 2013. nesses, and they should have plenty of merger,” he said. market, said he is seeing steady activity in “Going into next year, if vacancy rates choices since of the 600 suites in the city Many of the remaining larger blocks 2012 from smaller businesses. have decreased then landlords are likely that are vacant, 80 percent measure less of space in the East Memphis and 385 “The larger users really are not out to start increasing their rental rates,” than 6,000 square feet. corridor submarkets were gobbled up and about yet so far this year, probably Drinkard said. “We are seeing a slow, steady increase last year. EdR (formerly Education Realty as a result of the fact that many are still Leasing and sales volume so far this in the expansion of smaller mom-and- Trust Inc.) signed the largest lease of the trying to backfill shadow space (leased year remains quite light, according to pop business owners so far this year. fourth quarter of 2011 with a deal for but unused square footage) that they Henry Stratton, vice president of broker- We expect to finish the first quarter with 26,981 square feet at Boyle Investment probably still have available from when age services at Colliers International. positive absorption,” said John Mercer, Co.’s 999 Shady Grove building. the recession was in effect,” he said. “But He also points out that there is still a director of leasing for Raleigh, N.C.-based “There’s not going to be a lot to overall we are seeing positive signs that substantial amount of shadow space that Highwoods Properties Inc. and 2012 choose from for the large users going the Downtown Memphis office market is needs to be refilled. president of the Memphis Area Associa- forward,” Mercer said. “I think one could on the rebound.” “We continue to experience a lack of tion of Realtors Commercial Council. “We argue that a new building is needed, but Overall the Memphis office mar- confidence by office space users that we have several local companies that are cur- the constraints on pre-leasing and/or the ket posted a positive net absorption will see any substantial improvement in rent customers that we are talking to right amount of equity needed could be too of 135,535 square feet for 2011, driven general economic conditions,” Stratton now about expansion, and we even have a onerous to a developer right now to start primarily by Pinnacle Airlines move from said. “Additionally, there is a large amount few new companies to the market that are construction.” the Airport submarket to Downtown’s of sublease space on the market, which smaller users.” The most recent construction of new One Commerce Square building, which should keep some pressure on rental Mercer said he believes, however, that office space in Memphis happened in is one of only a handful of building in the rates.”

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special emphasis: OFFICE & INDUSTRIAL REAL ESTATE Milwaukee Elec. Growing in Olive Branch

SARAH BAKER | The Memphis News

and that location of that distribution fa- accommodate about 7 million square feet us that we felt was in the best interest of Wisconsin company cility adds value to our business of being when it’s totally developed. our company in continuing our relation- able to shorten the amount of time that it Coming from the company’s self- ship with the state of Mississippi and planning to build takes to get our products to distribution,” owned Olive Branch facility, IDI’s devel- would allow us to continue our growth 600,000-square foot said Milwaukee chief financial officer Ty opment provided Milwaukee everything it that we’re seeing there.” Staviski. wanted in a new distribution center. When Milwaukee started its due dili- facility “And when we do that, it allows obvi- “We were looking for some of the gence process of looking for a larger facil- ously us to manage our inventory better latest and greatest technologies,” Staviski ity, the company considered some nearby and be able to run a very efficient opera- said. existing properties but ultimately decided 600,000-square-foot build-to-suit tion.” “Efficient buildings, layouts, material upon a build-to-suit. is in the works in Olive Branch, a Milwaukee is a subsidiary of Techtron- flows, extending heights to 36 (feet) clear “Based upon the market conditions A testament to the local industrial ic Industries Co. Ltd., whose headquarters in the new building, more dock doors to that we were seeing in the regions that we market’s position as a prime manufactur- is in Hong Kong. be able to handle the traffic that we have were looking, it became very clear to us ing hub. The company currently owns a as our growth and our sales increase.” that it was best for us to go with a build- Milwaukee Electric Tool Corp. – a 280,000-square-foot warehouse at 8950 Incentives from Mississippi didn’t hurt to-suit that would allow us to expand and Brookefield, Wis.-based manufacturer of Hacks Cross Road in Olive Branch, where either. The Mississippi Development Au- have the size that we need to support our heavy-duty portable electric power tools the majority of its national and interna- thority worked with Milwaukee and local growth,” Staviski said. and accessories – recently announced tional distribution takes place. officials to help facilitate the project by Milwaukee’s not the only company the company is expanding its presence in Milwaukee also rents a 20,000-square- providing assistance for workforce train- that sees value in Crossroads Distribution North Mississippi by relocating to a new, foot space to support its Olive Branch ing and infrastructure needs, and DeSoto Center’s strength. larger distribution center in Industrial facility, and has production facilities County and the city of Olive Branch pro- Recent noteworthy deals in the com- Development Inc.’s Crossroads Distribu- operating in Greenwood (150,000 square vided assistance for the project. plex in the last 18 months include GE’s tion Center. feet and operational since 2002) and Jack- “We worked with a couple of other au- 212,880-square-foot lease in Building The project represents a company son, Miss. (60,000 square foot plant and thorities in other locations that we were A, Anda Distribution’s 234,000-square- investment of $8 million and will create operational since 1974). investigating,” Staviski said. foot build-to-suit facility and Soladigm’s 25 new jobs. By the third quarter, Milwaukee will “It really came down to the fact that 296,204-square-foot deal in Building F. “As we continue to grow our business relocate its Olive Branch operations to the state of Mississippi, the MDA and For more on IDI, including the com- and we continue to distribute out of Olive Crossroads Distribution Center, a master- DeSoto County all came together and pany’s other Memphis-area projects, see Branch to our customers, that proximity planned, 475-acre industrial park that will worked as a team to provide a package to Page 23. AUCTION Suite Deals. Sweet Spot. THURSDAY, APRIL 12TH, 12:00 NOON

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special emphasis: OFFICE & INDUSTRIAL REAL ESTATE Kobernus Takes Reins of MAAR Commercial Council

LESLEY YOUNG | Special to The Memphis News brief the head of the mortgage company.” mercial Investment Member (CCIM), This experience proved to be invalu- the Institute of Real Estate Management able when she returned home to Mem- (IREM) and the Women’s Council of Real- phis and joined the team at MAAR. tors, which offer classes at MAAR. hen Aubrie Kobernus goes “It’s important to have an understand- “A lot of these groups are members on home at night, she has a new ing of these issues and how legislation our education committee, and we try to What to hang by her door. impacts the industry,” she said. “It’s not coordinate education opportunities for The 33-year-old was recently promot- federal, but the state and local issues. If our members,” she said. ed to director of the Memphis Area Asso- an ordinance is discussed at City Hall, I Kobernus and the Commercial Coun- ciation of Realtors’ Commercial Council. will go and listen and we determine if we cil team also try to coordinate plenty of “I worked very closely next to (former need to speak with our city councilman, if networking opportunities. They include Commercial Council director Melanie we want to fight or support it.” the upcoming 12th annual Pinnacle Blakeney), so when she was promoted to It’s just these type of services offered Awards ceremony, the recently well- executive vice president of MAAR, it was by MAAR that are reason enough for join- attended Commercial Property Forecast logical I fill in that role,” Kobernus said. ing the organization, Kobernus said. Summit held in February, the annual There has been a lot of shuffling “Political advisory the association election party held every August and this around of late at the real estate trade does and the main issues we’ve addressed year’s second annual golf tournament. organization, according to Kobernus. over the years that impact the commu- Kobernus gets excited talking about “With the national economy, the real nity, that’s a very important part of what the council’s outreach opportunities like estate industry has declined, so our mem- we offer,” she said. the golf tournament and its recent part- bership has declined and our staff has The Commercial Council offers to its nership with the Binghampton Develop- declined,” she said. “We all wear multiple members numerous educational oppor- ment Corp.’s Urban Farms Project. hats.” kobernus tunities, something no commercial real “The current president and I share a Kobernus’ other donned hat is direc- estate player can do without. lot of excitement about reaching out to a Photo: Lance Murphey tor of the organization’s governmental “Every commercial practitioner must community that has given so much to the affairs program, a position she has held Every day she went to Capitol Hill to get 16 hours of continuing education Commercial Council and the real estate since 2006. With Kobernus’ past experi- sit in on hearings concerning the housing credit every few years, and it can be hard community,” she said. ence, the governmental affairs chapeau and mortgage industry. to fulfill these education credits so spe- The multitude of activities keeps the suits her well. While earning her master’s “I was there when Hurricane Katrina cific to commercial real estate,” she said. office busy, a positive sign for the Council degree in finance and nonprofit manage- hit, so I got to hear how it affected the “We make sure we offer these credits that and the market’s outlook, Kobernus said. ment from George Washington University banking sector and how they planned to are not designation credits.” “Everybody in the office is as busy as in Washington, Kobernus interned in the rebuild,” she said. “I listened to markups That’s one reason Kobernus makes can be, which is definitely a positive sign,” government affairs department at a large on certain bills, and I would report them sure she stays connected with similar she said. “I’m optimistic, but we’re still financial corporation. back to the government affairs staff and organizations, such as the Certified Com- not definitely without our challenges.”

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Contact information For over 25 years, Highwoods has cultivated a reputation for owning and maintaining desirable office buildings in Hank Martin, CCIM, SIOR high-demand locations. To line up a tour, call (901) 683-2444. tel 901 526 3100 You’ll love the layout, inside and out. fax 901 526 3167 The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its [email protected] accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. www.saigcompany.com © 2011 Highwoods Properties

One CO mmerC e SquA re • Suite 1740 • m emphiS , tn 38103 LEASING • ASSET MANAGEMENT • DEVELOPMENT • highwoods.com 22 March 31-April 6, 2012 www.thememphisnews.com

special emphasis: office & industrial real estate Pinnacle Awards to Honor City’s Best in CRE

SARAH BAKER | The Memphis News April 24 ceremony from previous years’ with a new format deWitt said. “However, there are lots of that allowed additional people to be other folks who, say, will do a little bit of of- will recognize top recognized. The Pinnacle Producers Club fice leasing for a landlord, they’ll do some recognized brokers that achieved at least tenant representation, they might sell a mid the lukewarm commercial real producing commer- $2 million in production, and Pinnacle piece of dirt somewhere because they have estate climate, a little recognition cial brokers Elite categories were introduced, a change a relationship with somebody else. Now A goes a long way. well-received by brokers in all sectors that that it’s $2 million worth of activity, that That’s why the Memphis Area Asso- will be continued this year. pretty much says, ‘You know what, you’re ciation of Realtors Commercial Council Producers and a Huge Community Im- For the office and industrial sectors, in commercial real estate, you’re doing is well under way in planning the 11th pact.” All commercial brokers who hold the landlord and tenant representation commercial real estate and you ought to annual Pinnacle Awards ceremony, a night membership in the Commercial Council categories were split up, making a total of be acknowledged for doing so.’” dedicated to showcasing commercial real are encouraged to submit an application eight awards. In addition, deals were no Also continued into this year’s program estate industry professionals in the Mem- by 5 p.m. Friday, Feb. 17. longer double counted if a co-broker was is the Community Impact Award, given phis area. “I’ve gotten some questions from involved. to a company that has made a significant Award recipients will be honored at people who have never applied before, so “For the first year, I think it went real impact to the Memphis area’s economic an April 24 ceremony at the Holiday Inn that’s good,” said Steve Guinn, co-chair of well,” Guinn said. “We do a pretty ex- development through commercial real University of Memphis, 3700 Central Ave. the Pinnacle Awards. “Usually, we get 30 tensive poll of everyone that chooses to estate. Last year, Pinnacle Airlines Corp. Winners will be announced in the April 26 percent new applications or more, as far as participate after the event, and overall, was given the honor, in recognition of issue of The Daily News and the April 28 new people coming in. Some years, people we had positive comments. So, we’re not the company’s substantial investment in issue of The Memphis News. that you would think would have a really really changing anything from last year. Memphis as a partner. The Daily News Publishing Co. Inc., big year don’t, and sometimes, others that We’re not increasing the $2 million mark. “The award is given to a company parent company of The Daily News and you wouldn’t think have a big year do, so The economy is still somewhat down, so that’s helped in commercial real estate by The Memphis News, is again sponsoring you just never know until you get all of the we didn’t think it really made much sense helping Memphis in putting up infra- the Pinnacle Awards. applications in and see how the numbers to do that.” structure and bricks and mortar here Started in 2002, the Pinnacle Awards shake out.” The new method of spreading the and making an investment in this com- honor the highest-producing commer- At last year’s ceremony, MAAR pre- wealth benefits those companies that are munity,” deWitt said. “It’s us being able cial brokers in Memphis for the previous sented 23 Pinnacle Elite awards, given to very specific and have defined roles within to show them, ‘Hey, listen, we know that year in a number of categories, including the highest-producing commercial brokers certain sectors, as well as those that wear you’ve done it, we know that you’ve gotten Broker and Newcomer of the Year, as well based on sales and leasing activities in many hats, said Pinnacle Awards co-chair accolades in other areas, but we just want as an inductee to the Commercial Hall of 2010. Their 2010 transactions exceeded Greg deWitt. you to know that from the commercial Fame. $843 million, a 30 percent increase from “If you’re an office landlord representa- real estate community, we appreciate your This year’s theme is “More Than 2009’s sales volume of $651.2 million. tive, you’re an office landlord represen- business’s investment in Memphis and a Decade of Excellence, a Society of Top Last year’s event was totally revamped tative and you don’t do anything else,” Memphis’ future.’”

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special emphasis: OFFICE & INDUSTRIAL REAL ESTATE Palmer Bros. Real Estate Model IDI Building In DeSoto Co.

‘Tried and True for 100 Years’ SARAH BAKER | The Memphis News

SARAH BAKER | The Memphis News

ndustrial Developments International Inc. is in the midst of adding one build- or 100 years, Palmer Brothers Inc. Ito-suit and two speculative buildings has operated in a conservative in its Crossroads Distribution Center in Fmanner with repeat business from Olive Branch – marking the area’s first spec clients that share the same philosophy. construction since 2008. It hasn’t always been a popular posi- Atlanta-based IDI plans to build two tion, but that’s why the commercial real separate buildings in the master-planned, estate firm is still small, family-owned 475-acre business park the firm acquired in and debt-free. 2005, said Tim Moore, IDI vice president of Palmer Brothers Inc. was founded in leasing for the Memphis office. 1912 by brothers Robert E. Palmer II and “This is one of the markets of many Marvin H. Palmer on the north side of that we’re starting spec building in across Madison Avenue between Front and Main the country, so we’re hoping to hit this eco- streets. Today, the company is owned and nomic recovery when it really comes into operated at 841 S. Cooper St. by Marvin full swing later in the year,” Moore said. H. Palmer Sr., who represents the third “We’re really excited.” generation of the Palmer family after Rob- The first is Building B, which will be ert E. Palmer III and John S. Palmer. 267,843 square feet and divisible for users “Fortunately, we haven’t borrowed a down to 50,000 square feet. Building B will lot of money over the years,” Palmer said. be available in September, Moore said. The “That first generation went through the second of the two spec spaces in the state- Depression – the Great Depression, not Photo: Lance Murphey of-the-art industrial complex is Building G, Marvin Palmer runs Palmer Bros. Inc., which was started by his father Robert Palmer the one we’ve just finished. And so they which will total 869,892 square feet and will and uncle Marvin Palmer 100 years ago. had some grim experiences from that be divisible down to approximately 400,000 time and it kind of shaped the way my people’s property,” Palmer said. “We had a they’re getting.” square feet. Building G will be available brothers did business.” major client who had property all up and It’s a business model that’s been tried “shortly thereafter” Building B. Palmer joined the company in 1970 down Germantown Parkway. He had a and true for 100 years, and one that’s The park can accommodate about after serving in the U.S. Navy. At that time, number of strategic corners that we either “kind of helping out right now. 7 million square feet when it’s totally the majority of the firm’s business was sold or we bought them and developed “It’s about as challenging as I’ve seen developed. Recent noteworthy deals in third-party management, appraisals and them.” it in my 42 years right now,” Palmer con- Crossroads Distribution Center in the building small apartments and duplexes Palmer Brothers started at Trin- tinued. “We’re certainly in a deleveraging last 18 months include General Electric around north and south Midtown for ity Road and Germantown Parkway, in stage of this industry. Most people are sort International Inc.’s 212,880-square-foot rental purposes. the center that houses TJ Mulligan’s. In of in a maintain mode and not an expan- lease in Building A, Anda Distribution’s Deals Palmer Brothers was involved the mid-’90s, the firm moved up to the sionary mode.” 234,000-square-foot build-to-suit facility with included the sale of the southeast northwest corner of Dexter Road, to the He said it all boils down to finding a and Soladigm Inc.’s 296,204-square-foot corner of Madison and Cooper to the center now known as the Cordova Col- niche because there’s stiff competition deal in Building F. But none of those were Loeb family and even managing Silky lection, where Huey’s, El Porton and Fox with national franchises that have come speculative and every space was less than O’Sullivan’s, which used to have space Ridge reside. Palmer Brothers still owns to dominate much of the city’s big-box 300,000 square feet. next to Paulette’s in Overton Square. and manages both centers, among others. commercial space. “We’ve had none since 2008,” Moore In the early 1990s, Palmer began to The firm, made up of two brokers and “It’s a different deal; they have the said. “We were actually the last ones to move Palmer Brothers Inc. into the area of two staff personnel, doesn’t advertise, relationships nationwide that are invalu- build a spec building, and that’s Crossroads commercial development and manage- but instead relies on signage and word of able,” Palmer said. “But we can move a A, which is the building GE went in last ment, with a strong emphasis in retail and mouth. lot faster. I mean, when we get a call, I’m year. So between the time that we finished small, unanchored strip centers. “The clientele that we’ve had, we’ve showing the property if I can the next day. that building and now, there’s been no new “I had begun to concentrate on de- had a long time,” Palmer said. “They We’re more nimble than they are. And we product added and a lot of leasing activity veloping and managing and owning our know us already and for the most part don’t have to split our commissions as and absorption, particularly in the bulk own properties instead of managing other are comfortable and satisfied with what many ways as they do.” category.”

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special emphasis: office & industrial real estate Cates: Memphis in ‘Right Place at Right Time’

SARAH BAKER | The Memphis News

Colliers broker touts robust industrial real estate market as way for city to compete

hen people think of the rail, but the effect it will have Memphis, they might on the impression that these other W picture an aerial shot customers have,” Cates said. “If of Downtown – skyscrapers, The you think about the amount of Pyramid and all. infrastructure that they have, I But Andy Cates’ view of Mem- think that will really drive folks phis is different. He sees the city’s to our market. I feel like with that “dirty, industrial real estate.” type of investment, good things “Some of it’s dirty, some of will come.” it’s not, but most people think it Last year’s top industrial is,” Cates said. “And it’s where the transactions are also positive heart and soul of our city is, where indicators of recovery, Cates the lead hits the ground.” said. For example, Trane U.S. While addressing the Memphis Inc.’s 625,000-square-foot lease Rotary Club Tuesday, Feb. 28, the off Tradeport Drive in Southeast executive vice president of broker- Memphis was the last of HP’s age services at Colliers Interna- vacated space. tional explained how Memphis’ Other deals include Newegg. manufacturing and distribution com and Nike’s expansions, Cum- sector is poised to move forward. mins Inc. and General Electric’s And he should know – Cates relocations, and activity from and his team closed on 67 deals in Impact Innovations – the spin-off 2011, averaging more than one a of what was left of Cleo Inc. that week. bought a lot of the equipment Photo: Lance Murphey His most recent high-profile from the former 1.75 million- transaction was placing Kimberly- Andy Cates of Colliers International spoke to the Rotary Club about Memphis’ industrial market. square-foot plant off Viscount and Clark Corp. in 556,000 square feet started the business back up. in Airways Distribution Center in South- product” that needed to be absorbed. it.’ That really pushed the development, in Also, within the next 90 days or so, aven, along with Matthew Stauber of Col- That’s why all of the delivery seen last conjunction with the state of Mississippi Cates said, there will be a huge announce- liers International Chicago. year was built-to-suit, such as McKes- being competitive.” ment by a company for a 600,000-square- Other deals he’s touched in the past son Corp.’s new 680,000-square-foot But Cates will tell you that what’s good foot consolidation. And IDI is going to include Memphis Motorsports Park, Ham- drug manufacturing warehouse in Olive for Mississippi is good for Memphis, and build two separate buildings, one for ilton Beach and Space Center Industrial Branch. vice versa. It’s the cities like Nashville; 800,000 square feet and one for 269,000 Park. Cates said in the DeSoto County sub- Indianapolis; Cincinnati; Columbus, Ohio; square feet. Cates’ theory is that the local industrial market the bulk of the facilities are Class Kansas City, Mo.; and Louisville, Ky., where “Speculative construction – they’re market took its biggest hit in 2009, when A. It started to emerge as an industrial “the rubber really hits the road.” putting their money where their mouth is Hewlett-Packard Development Co. LP player in the last 15 years, beginning with The value range for buildings in Mem- and they’re betting on us,” Cates said. “I vacated five properties totaling 2.2 million Williams-Sonoma’s massive build-to-suit phis compared to those in other markets is think people around the country will start square feet. distribution center. a definite advantage, Cates said. saying, ‘Look what’s happening in Mem- “They had termination options in their “Then investment came and they “We have a competitive advantage on phis; it must be strong to have speculative leases, and so when they cancelled their said, ‘We’ll buy that, we’d love to have the basis of what our real estate is, and construction there.’ It helps us on cap leases, all of a sudden, everybody went, that as a cap rate,” Cates said. “That sort also with the transportation and logistics rates, it helps us on all of the rental rates, it ‘Whoa, hang on a second,’” Cates said. of solidified small-town Olive Branch as angle as well,” he said. really drives positive activity towards us. “We were already going to feel the effects institutional grade investment – a place Cates is bullish about investment be- “Memphis stands in the right place at anyway of the recession, and that really where people could buy their product. ing made on railroad infrastructure here the right time to really benefit from hope- hurt.” When that happened, developers like IDI, by Canadian National Railway Co., BNSF fully an emerging economy. We have all What that move did though, Cates Panatoni, Hillwood, H&M and Prologis all Railway Co. and Norfolk Southern Corp. of the parts there, now it’s time to shake continued, is kept Memphis from getting said, ‘Wow, if we build it, somebody will “What’s really key to what’s going to be the hands, make it happen, get in front of overbuilt because the city had “solid, good lease it,’… and ‘Wow, institutions will buy the next future for Memphis is not totally people, and really close a deal.”

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special emphasis: office & industrial real estate CREW Leader: Women in RE Still Face Challenges

SARAH BAKER | The Memphis News

hile women have made signifi- national CREW provides to the Memphis 43 percent of women promoting men because they see things in cant strides and hold positions chapter is research. CREW Network claims them that they value.” W of significant responsibility to be the only association conducting in the CRE industry Kilberg said the work/family balance in the business world – including in the research on women in real estate. dilemma also comes into play, as well as commercial real estate industry – they are In 2011, CREW Network undertook a entered in 2010 not having a sponsor in upper manage- stuck. research project resulting in a whitepaper ment to push women through the ranks. That’s the message Lori Kilberg, called “Success and Satisfaction of Women Perhaps that’s why women respon- partner with Hartman Simons & Wood in Commercial Real Estate.” talent who, for whatever reason, are not dents in 2010 showed a significant LLP in Atlanta, presented to the Memphis Kilberg, along with national 2012 ascending the ranks proportionate to their dissatisfaction with their status in their chapter of Commercial Real Estate Women CREW President E. Diane Butler of Butler talents. corporations as well as their compensa- Tuesday, March 27. Burgher Group, came to Memphis Tuesday “Women are generally now better- tion levels. What’s more, the greatest factor “They call it the marzipan layer,” to share the results of those findings and educated than their male peers,” Kilberg of dissatisfaction for women was the level Kilberg said. “I love this terminology. Only how to better attract and retain women in said. “Several studies have found the of decision-making potential, which, of women could come up with this – that the CRE industry. correlation between significant numbers course, leads to higher-level jobs and very talented, rich layer that’s just under- “I think as women, we don’t do a very of women at the top of a company and the higher earnings. neath the C-suite level. They may be in good job of telling our story,” Butler said. success of that company in the market- The wage factor between men and middle and upper management, people “We keep things close to the vest.” place.” women is narrowing but still present. that essentially run the show or do all of However, more women are entering Yet statistically, women hold only a More women now are in the $100,000- to the legwork but are not the ones that are CRE as a career; 43 percent of women in small percentage of corporate manage- $250,000-per-year salary category but still maybe (making) all the global decisions.” the CRE industry entered in 2010 versus 36 ment roles at Fortune 500 companies. fewer than men, Kilberg said. The CREW Network has 8,000 mem- percent joining the industry in 2005. “They may turn down promotions, But there’s light at the end of the tun- bers across 74 markets in the U.S. Its “That is a huge number,” Kilberg said. seek opportunities outside their firms nel. U.S. Census data show women in mission statement is to influence the CRE “What this means is we’re reaching out or leave the corporate world altogether 2009 earned 82.8 percent of the median industry by advancing the achievements to the younger population, women are because the factors have convinced them weekly wage of men, which is the highest of women. coming in as their first career into CRE that the odds of getting ahead in their level ever recorded, up from 76.1 percent a The organization’s Memphis chapter and they’re better-educated so they’re companies are too daunting,” Kilberg decade earlier. was founded in 2007 and is currently the prepared for it – and it’s helping close the said. “Why are they leaving? Lack of role “It’s a substantial improvement, but only one in Tennessee that’s affiliated with compensation gap at least on that level.” models. People tend to hire and advance we’re not quite there yet,” Kilberg said. “I national CREW. But many companies are recognizing people like themselves. When men are don’t see 100 percent there yet and it abso- One of the ongoing support roles that that there are women with tremendous in control, they feel more comfortable lutely needs to be 100 percent.”

special emphasis: office & industrial real estate CRE Outlook Remains Mixed

SARAH BAKER | The Memphis News

sophomore at the University of you to raise taxes in a weak economy.” ceuticals, Schulz Xtruded Products, Asics Memphis could open up an eco- The nation has experienced the longest and McKesson Corp. Last year’s investment Anomics book and explain how and deepest recession since the Great De- activity was also fairly positive, with deals the United States got to its current state pression, resulting in government declines involving the Memphis Defense Depot, through the laws of demand, diminishing for two years and CRE declines for three. To Diamond Comics, 4480 Swinnea Road and returns and comparative advantage. get back to full employment levels, Scott Trinity Ridge Business Center. But that student couldn’t provide the said, the nation needs to add 9 million jobs, Moving forward, Aiken said while rental best way for the nation to get out of it. or 250,000 a month by 2018. rates are flat, there’s still a “good pipeline” of That’s the message Loren Scott, profes- It’s a concept Ron Kastner of CB Richard deals in the market, including some specu- sor emeritus of economics at Louisiana Ellis Memphis’ office division knows all too lative development by Industrial Develop- State University, told a room full of brokers, well. Calling 2011 “a bad hair day,” he said ments International Inc. Memphis is also bankers and appraisers at this year’s Com- the common sentiment for the Memphis “back on the radar screen” for large institu- mercial Property Forecast Summit, held at market is that the worst is in the rearview tions seeking investment properties. the Germantown Performing Arts Centre mirror for now, but leasing activity will be But local retail continues to lag, said and sponsored by the Memphis Area Asso- driven by facility obsolescence due to no Josh Poag of Poag & McEwen. Last year’s ciation of Realtors Commercial Council. new white-collar job growth. sales in the sector reached only $90 million, Scott, who gives 50 to 70 speeches a year Existing companies are expanding, but the majority of which was thanks to Belz on the state of the economy, addressed the the activity with 1,000- to 3,000-square-foot Enterprises shedding assets such as Park nation’s more than 80-year business cycle tenants is “where we’re very concerned,” Place Centre. However, Collierville’s The and the issues that remain before the com- Kastner said. Avenue recently hit the market, and Poag mercial real estate market turnaround – ev- On the industrial front, Wyatt Aiken of expects increased transactional activity to erything from national unemployment to Cushman & Wakefield/Commercial Advi- continue in 2012. Conversely, the best is yet health care reform to the budget debate and sors LLC addressed last year’s move-outs to come for the multifamily market, said “anti-free trade.” Leading up to November but counteracted the bad news with top Eric Bolton of Memphis-based REIT MAA. elections, the words “fair” and “balanced” transactions like Trane U.S. Inc., Kimberly- “Weak employment conditions have will abound about distribution of income. Clark Corp., Newegg.com, Nike and Cum- created pent-up demand for apartment “Folks think they know the economy, mins Inc. housing among rental age population,” but things are not always as they seem,” Several build-to-suit industrial projects Bolton said. “New supply outlook looks Scott said. “Find me any tax book that tells occurred in 2011, including Anda Pharma- reasonable.” 26 March 31-April 6, 2012 www.thememphisnews.com

COVER STORy

Towering Questions Businesses seek answers as health care reform looms

Story by AISLING MAKI

t’s been slightly more While some provisions of health care updating ourselves on what’s changing.” Many smaller businesses are relying on reform – such as expansion of coverage to Edwards said the health care law was firms like The Barnett Group to help them than two years since adult children up to age 26, new coverage written with “hundreds of places where it make sense of the continuing changes and options for individuals with pre-existing just said ‘to be determined.’ So we’re hav- keep up with the act’s timeline. the Affordable Care conditions and eliminating lifetime caps ing to kind of guess at what those to-be- “People are having a hard time under- on coverage – have been implemented, the determined parts mean and do our best to standing and we’re basically the mediator Act was signed into government will continue to roll out provi- interpret how the law will actually end up between the carriers, helping to explain sions through 2014 and beyond. looking.” and to negotiate with the carriers to get the I “There are new provisions and changes Edwards said his firm deals with a best rates,” said Edwards, who joined The law, but when it comes to made every 48 hours,” said Jonathan Ed- third-party company whose lawyers and Barnett Group earlier this year after it was small businesses meeting wards, director of client technology at The content writers constantly provide legisla- determined the firm needed a specialist Barnett Group, a Memphis-based employ- tive updates. The Barnett Group translates to spearhead its services surrounding the its demands, confusion still ee benefits and financial services firm that that jargon into more readily accessible technology aspect of health care reform. assists customers with ever-changing ben- copy to keep its employee groups – every- Health care remains one of the few sec- abounds. efit regulations. “It’s hard to keep up, even one from machine shops to physicians’ tors to still rely on paper records, and on for us – we’re in it on a regular basis. That’s offices – up to speed on what they need to Oct. 1, 2012, the federal government why we’re constantly reading articles and know about health care reform. will begin regulating the electronic ex- www.thememphisnews.com March 31-April 6, 2012 27

change of health information in an aim to cut costs, reduce administrative burdens, standardize billing and reduce medical errors. “It’s going to be ever-changing,” Ed- wards said. “We don’t just visit with clients once a year; I’m sending out emails about every other week now. A person who has 20 or 30 employees may be saying, ‘What does this change mean for me?’ That’s where we’re able to keep them educated. Health care reform is so big, and the small- business owner needs someone to hold their hand and help walk them through the process, and that’s what we’re trying to do.” Perhaps the greatest source of frustra- tion around businesses trying to meet the demands of health care reform is prepar- ing for something that could potentially – between elections and lawsuits – change dramatically. “With the election in November, there’s so much that could change,” Edwards said. “It’s not going to be repealed 100 percent in my opinion, and it doesn’t have to be because some of these changes are good.” Philip Johnson, partner with Argyle Benefits Consultants LLC in Memphis, AP Photo: J. David Ake said most insurance companies have auto- People wait in line overnight in front of the Supreme Court in Washington for tickets on the eve of oral arguments before the court matically added those changes mandated on President Obama's health care legislation. by law, such as preventative care, covering dependents until age 26, and eliminating discussion.” costs,” Edwards said. “That’s one of the lifetime maximums. The health care reform discussion flaws; the penalty right now isn’t enough “Those elements have automatically garnering everyone’s attention is the one to keep groups that are struggling finan- been added to your insurance plan,” said taking place in the U.S. Supreme Court, cially, with health care costs driving them Johnson, a chartered life underwriter and which has begun hearing challenges to the down, from sending their employees to the certified employee benefits specialist, law and is expected to rule in May or June. exchanges and paying the penalties.” who has been focusing on how federal If you consider that “If that decision comes down against The federal government says small health care reform legislation will impact the bill, the Supreme Court could say, businesses with fewer than 100 employees both individuals and businesses large and an employer paying ‘We’re going to throw the whole bill out,’” will be able to shop in an Affordable Insur- small. “The issue is communicating those $6,000 or $8,000 a Johnson said. ance Exchange that offer plans similar to changes to employees and employers.” One of the most contentious issues those used by large businesses. There’s a multitude of reasons for ris- year in coverage for surrounding reform is the federal mandate Companies with fewer than 25 em- ing health care costs – a standard medical an employee“ can say, requiring citizens to purchase health in- ployees that provide health coverage may trend for the last 25 years. Things like new surance by Jan. 1, 2014, with some arguing qualify for a tax credit of up to 35 percent biotech drugs and innovative technologies ‘Hey, we’re going to the mandate is akin to the government to offset the cost of insurance. This credit increase costs, which translates into higher pay a $2,200 fine and essentially forcing its citizens to purchase will increase to 50 percent in 2014, which premiums. But Johnson said the structural a product. the government says will lower the cost of changes of health care reform are adding that employee can go “They could say, ‘We’ll just take the providing insurance. to that cost increase. to an exchange’ – now individual mandate out,’ or they could do Employees whose employers choose “Carriers don’t know what’s going to some combination of changes to the bill,” to pay penalties will be able to purchase happen down the road as far as claims are that may upset their Johnson said. “That’s causing a lot of small affordable health benefit plans from the concerned,” he said. “Over the next few employees, but from a businesses to kind of sit on the sidelines state-based government exchanges. years, there’s no exclusion for pre-existing until we know what’s going to happen. And Johnson said people who fall below a conditions, which means that insurance business perspective, then you’ve got to consider that we’ve got certain income level – $90,000 for a fam- companies will have to pay all those that could save a large congressional and a presidential elections ily of four – will be eligible for subsidies claims. I’ve been doing this for 30 years, coming up; any one of those things could to help purchase insurance through the and I can count on one hand the number company hundreds of turn this thing on its head.” exchanges. However, there are still many of times I’m aware of when there was a millions of dollars in Along with the federal mandate, em- gray areas surrounding what shape the million-dollar claim. It’s a very infrequent ployers will be required to enroll full-time state-based exchanges will take. event but when it does happen, this is a health care costs.” employees in their company health plans “What processes does the state have to great benefit to have. But in terms of deliv- – Jonathan Edwards or face penalties. go through to establish it?” Johnson said. ering the renewal news to somebody who Director of client technology at The Barnett Group “The focus has been on what happens “Well, you can’t do anything in any state asks why their prices are going up, you Jan. 21, 2014,” Johnson said. “That’s when without legislative approval. So when is it have to add all these little odds and ends.” everything will be fully implemented. going to go to the legislature, or are there Michael Lachina, chief medical officer There are some odds and ends that come ways around going to the legislature? at Saint Francis Healthcare in Memphis, paying us to manage health, then we’ve got after that, but that’s kind of the target date, There are those kinds of questions. So all emphasizes that health care reform is to figure out what that means and how to when all these things you’ve heard about of the legwork has to be completed and we really about insurance reform and finding do it and get paid appropriately if we’re no become effective.” have to be ready by September of 2013 for the resources to provide access to quality longer focused on treating illness.” Experts anticipate some employers will first enrollments.” care for every American. Lachina recommends that businesses swallow the penalties for not providing Johnson said Tennessee has taken a “It’s all about cost reduction and sav- concerned about the cost of employee insurance if the penalty is significantly less wait-and-see position regarding the estab- ings,” Lachina said. “There are some good health benefits as it affects their bottom than the cost of providing employee health lishment of the state’s exchange hinging on points to it that are really focused around line should focus on improving the health insurance coverage. the Supreme Court’s ruling. But in terms of care coordination, preventative health – of their employees. “If you consider that an employer pay- preparedness, Tennessee’s position puts it what I call managing health versus treating “They can think a little more about ing $6,000 or $8,000 a year in coverage for ahead of many other states. illnesses. We know how to treat illnesses corporate health programs with incen- an employee can say, ‘Hey, we’re going to “Mississippi’s legislature said, ‘No, because that’s what we’re in the business tives versus employees ignoring their own pay a $2,200 fine and that employee can go we’re not going to do it,’” Johnson said. of doing primarily. We’re not in the busi- health, falling apart and ending up in the to an exchange’ – now that may upset their “Texas’ legislature said they’re not going to ness of managing health or doing preven- hospital, which ends up costing every- employees, but from a business perspec- do it. Florida’s legislature said they’re going tative health because we don’t get paid for body a lot of money,” Lachina said. “That’s tive, that could save a large company hun- to file a lawsuit. You’ve got states all over that. But if the government is going to start a perspective that should be part of the dreds of millions of dollars in health care the country saying ‘no.’” 28 March 31-April 6, 2012 www.thememphisnews.com

SPORTS TICKER: University of Memphis forward Adonis Thomas announced March 28 that he would return to the team for his sophomore season. Thomas missed much of the 2011-2012 campaign with an ankle injury. sports

ANALYSIS

THE PRESS BOX DON WADE Grizz Have Become Opening Day Turns Back NBA’s Chameleons The Clock f this column had a warning label, it would read as follows: I “Do not take on an empty stom- ach, may cause nostalgia. Do not take if obsessed with Blake Griffin dunking over a car, may cause drowsiness.” You know where this is headed, right? It’s almost Opening Day and I’m one of those insufferable middle-aged guys who believes the real New Year starts with the first pitch and not with the clock striking midnight in the dead of winter. I’m even willing to trade today for yesterday. You can have Twitter, Face- book, HD and my precious iPhone and I’ll take a ticket to a Sunday doubleheader, Curt Gowdy and Tony Kubek doing the Game of the Week in fuzzy black and white, and a player to be named later who, more likely than not, will turn out to be Harry Chiti, a backup traded for himself between the Mets and Indians in 1962 (and yes, you can win a bar bet with this). I love baseball and I make no apolo- gies for it. Is it slow? Sure, but if we both think real hard I bet we can think of other things that can be slow but worth the time (I meant walks on the beach and classic old movies, not sure where your mind was). Point is, sports, like anything else, Photo: Lance Murphey needs good pacing. It can’t be fast and Memphis Grizzlies guard O.J. Mayo goes to the basket against Minnesota Timberwolves forward Kevin Love during a game hyped-up all the time. That just leaves last week. “Guys are sacrificing their game to make this work,” Mayo said of Memphis’ ability to adapt to different lineups and allow different players to shine each night. you in a mind-numbing blur. Which re- minds me, does anybody ever again need to hear Chris Berman say, “He … could … go … all … the ... way!” Different lineups, different stars help Grizzlies adapt to short season Confession: I’ll listen to Cardinals broadcaster Mike Shannon on the radio. DON WADE | Special to The Memphis News And yes, part of the fun is the Shannon- isms, the anticipation of him saying, “It’s raining like a Chinese fire drill!” Or telling you there is a full moon in Pittsburgh and deally, there is never any mystery about the name of against the bigger Lakers. How did Haddadi respond? With he hopes there is a full moon wherever your best player or the name of your second-best player: a season-best 10 points and six rebounds in 13 memorable you are. Isee Chicago Bulls and 1) Michael Jordan; 2) Scottie Pip- minutes (as memorable Haddadi moments go). But it’s more than that. It’s also the pen; and 3) Everybody Else. Kinda makes you want to see what Phil Jackson could chance to use your imagination, to draw But for the Grizzlies in this ever-changing 2011-2012 have done with this bunch, doesn’t it? How would he have the details of 6-4-3 double play or a steal season, nothing is set. One night your best player is Rudy liked playing much of the season without an injured Zach of third base. Baseball, for me at least, Gay or Marc Gasol and the next it’s Dante Cunningham or Randolph? How would Dr. Phil liked having to prescribe a still offers moments of pure escape, mo- Marreese Speights. new offense? And then trying to re-integrate last year’s best player back into the offense when he’s not yet in condition ments when I forget myself and could be Cunningham, a springy but undersized “big man” at 6-8 and 230, played one minute in the March 25 win in Los and the offense has succeeded playing a more free-flowing, 10 again and have my own game to play Angeles over the Lakers. Two nights later at FedExForum, he less structured, style? later in the week, a cold off-brand soda starts for the injured Gasol (sore ankle) and gives his team Not exactly the same as shooting MJ or Kobe a look that with my name on it even if I strike out. a season-high 13 points and 14 rebounds in 40 minutes in a says “Take over.” Baseball’s back. 93-86 win over Minnesota that raised the Grizzlies’ record to Everyone on the Grizzlies has been asked to adapt, And though I don’t look it, I do feel 27-21 with 18 games left in this shortened, intense, regular change, adjust and then do it all over again. Guard O.J. younger. season. Mayo is often asked to do this within the same game – play Don Wade is a former sports reporter “That’s why they have 12 players on the roster,” said scorer off the bench, play point guard, take the toughest on- for The Commercial Appeal. His column Grizzlies Lionel Hollins. “Everybody is important to ball perimeter defensive assignment, take being replaced appears weekly in The Memphis News. the team. Everyone has a role.” when you’d rather still be on the court … take all of it. Even little-used center Hamed Haddadi, who at 7-2 “We’re a talented team,” Mayo said. “The toughest thing and 265 was a better fit in the rotation than Cunningham is trying to make everyone happy. Coach Hollins has had www.thememphisnews.com March 31-April 6, 2012 29

sports

Dodgers Sell For $2 Billion this thing rocking since day one. So if he has home game against Golden State on April 3 something to say, do it 110 percent and I that marks the middle of three games in three The Los Angeles promise it’ll work out. nights: at OKC, here against Dodgers sold last “Guys are sacrificing the Warriors and April 4 week for $2 billion, their game to make this Everyone on the at Dallas. Then an off day, which set a record work.” Grizzlies has been April 6 at Miami, and April for the sale of a sports team. Here Randolph being a prime asked to adapt, 7 at home against Dallas. are the 10 most valuable sports example. When Hollins change, adjust and That’s a stretch of seven franchises in the United States. For re-inserted him into the then do it all over games in nine days so set comparison, the Memphis Grizzlies starting lineup, the team up for a “slip” that it might are valued at $269 million. seemed to lose a step. And again. O.J. Mayo as well be played on a no wonder. Randolph is not is often asked to banana peel. yet in good enough game do this within the But the Grizzlies at their 1) Dallas Cowboys shape to be the player who same game. best and most cohesive are $1.81 billion dominated in last season’s equipped to handle this, 2) New York Yankees playoffs. So Z-Bo went back assuming Gasol’s injury is $1.7 billion to playing off the bench, no big deal and Conley’s 3) Washington Redskins $1.55 billion Speights returned to the starting lineup, and sprained ankle (he still finished the Minne- 4) New England Patriots all’s well. sota game) is not something more serious. $1.37 billion “It’s a process,” Randolph said. “But I “They’re just solid,” said Minnesota coach Photo: Lance Murphey 5) New York Giants think I’ve got enough time (before the play- Rick Adelman. “They move the ball and they Zach Randolph has struggled to re- gain last season’s form since return- $1.18 billion offs) to get back to the old me.” all share it and I think the success they had ing to the lineup after a knee injury. 6) Houston Texans last year in the playoffs has a lot to do with Not that anyone is just assuming playoffs. But other players, namely Marreese $1.17 billion Speights, have filled in nicely. The Western Conference standings look like a that. They trust each other. Lionel does a 7) New York Jets line at the DMV. great job. He’s really developed a nice person- $1.14 billion “It is ridiculous how close it is,” said Gay. ality for this team.” proud of them, he can’t resist calling them 8) Philadelphia Eagles “If you slip up for a week, you could be out of Or maybe it should be “personalities.” “warriors.” A bit of hyperbole for millionaire $1.12 billion contention.” They play with what they have on a given basketball players, yes, but you get the point. 9) Baltimore Ravens And the Grizzlies’ schedule looks like it night and, when they’re right, let the pecking The Grizzlies often become what they $1.07 billion was made out by all the teams chasing them. order fall where it may. need to become. They’re armored basketball 1 0 ) Chicago Bears Up next: a three-game road trip starting Hollins says he tries to coach them like chameleons, forever adapting to their sur- $1.07 billion Friday, March 30, at Houston, with stops they’re all “regular” players without regard roundings and defending their place in it. Source: Forbes in Milwaukee and Oklahoma City before a to reputation or stature. But when he’s most Said Gay: “That’s what good teams do.”

Friday, March 30, 2012 cmyk presents… cmyk Harbor Town Square, Mud Island

th 13 ANNUAL Each 5K participant receives a long-sleeve T-shirt with the registration fee of: Registration 5K 5:15 p.m. FOR $20 – Pre-Registration (submitted by March 29, 2012) HeLP $25 – Race Day Registration (March 30, 2012) Fun Run Start 5K $3 discount for groups of 10 or more and for MRTC members (5K only) 6:00 p.m. & fun run cmyk 5K Start cmyk ALL AGES FUN RUN $12 – Pre-Registration (submitted by March 29, 2012) 6:30 p.m. benefiting the children of Hope House $15 – Race Day Registration (March 30, 2012)

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REGISTER TODAY! generated at BeQRious.com Food & Fun! Register Online: Awards! Live Music! www.HopeHouseMemphis.org

RACE/WALK HOTLINE: 901-272-2702 ext. 216 or 206 30 March 31-April 6, 2012 www.thememphisnews.com

news

real estate & development Dancing Jimmy’s to Open on Beale

SARAH BAKER | The Memphis News – and the Balcony on Beale, Chittom said. the reopening of the district in 1983; While it’s challenging to take a build- All three meeting spaces will be under an Pat O’Brien’s was built on land that at ing that was designed for a specific use umbrella name that’s yet to be deter- one time was the site of the old Palace and make it work for something else, mined. Theater. Elkington said, Performa is encouraged eale Street’s former Pat O’Brien’s “There’s such a demand for banquet “It’s on a land lease,” Chittom said. by the fact that two veteran people that space is being replaced with a new space on Beale that’s not in a hotel,” Chit- “The city owns the property underneath have had ownership on Beale Street for Bconcept from some of the street’s tom said. “Sometimes you may see the it.” many years are involved. prime stakeholders. veranda open, but I would speculate that Past occupiers of the two-story “It’s a challenging thing and we hope Bud Chittom and Preston Lamm, most weekends, that stuff will be booked. building include New Orleans-based Pat for the best, obviously,” Elkington said. operating as Beale Holdings LLC, are Between Preston and myself, we have ac- O’Brien’s, which closed in August 2008, “You’re talking about people who have renovating the 15,000-square-foot prop- cess to six kitchens on Beale. So catering and most recently Ground Zero Blues been involved in Beale Street – Preston erty at 310 Beale St. to prepare it for three is not a problem; we’ll accommodate all Club. Lamm’s been involved for 26 years and banquet halls and a 1,200-square-foot of that stuff very well.” A successful Beale Street user must Bud Chittum’s probably been involved for corner bar called Dancing Jimmy’s by Chittom is an owner of Blue’s City possess three attributes, said John Elk- 15 years. So all of that we think is a very May 1. Café and the principal partner in Beale ington, president of Performa Entertain- positive thing.” The namesake of the new bar, which and Second Inc., the group behind the ment Real Estate – the private company Elkington said the half of the street will seat about 40, is a tribute to a late new Beale Street Landing restaurant to that manages Beale for the city. Those where 310 Beale is housed has “always friend of Chittom’s who danced in Over- open in July. Lamm is president of River are strong financials, a solid concept and had problems,” but Performa is working ton Square in the 1970s and 1980s. City Management Group and an owner of a history of business in the area – all of with the Memphis Police Department “Dancing Jimmy was a buddy of mine Rum Boogie Café and King’s Palace. which are true for Chittom and Lamm. to open a sub station on the corner of that would go around to the bars and he Both Chittom and Lamm will manage “The philosophy on Beale Street has Fourth and Beale. liked to dance by himself,” Chittom said. 310 Beale. There are additional partners always been you have to have businesses “That area, especially with Crave and “He was very intelligent, but he didn’t involved in the transformation, including that are well-capitalized, they have to all of the different places that have been stay on one subject long. He was just a John Riley and Jimmy Riley of Riley Pav- have good concepts, they basically need across the street, have not helped that cool guy that everybody kind of admired; ing, as well as Chuck Oswalt and others. to kind of reflect this community and end of Beale Street very much,” Elkington he was kind of like the party-starter.” The Beale Street entertainment the culture and history and music of this said. “We think with the Police Depart- The banquet spaces will be called the district is owned by the city of Memphis, community,” Elkington said. “When you ment being there, and having kind of a Napoleon Room, Josephine’s Garden – but the building at 310 is not. It’s the only shy away from that, it becomes very dif- stable group of owners for the old Pat “home of the famous flaming fountain” new structure built in the district since ficult to succeed.” O’Brien’s, will help tremendously.”

INKED Crye-Leike Sells Properties, Land at Feb. Auction

SARAH BAKER | The Memphis News has residential zoning, but Caller said it has potential for resented the landlord and was the only broker involved. future commercial or industrial use. Pinot’s Palette is a “paint and sip” concept where painters bring their own wine and hors d’oeuvres, Kristi In other commercial leasing news, Larry’s Pizza has Bauer said. Classes will be offered about four nights a Multiple properties in the Memphis area have traded signed a 4,000-square-foot lease at Kirby Gate Shopping week, and the space – in the center’s eastern end-cap – hands as a result of an auction held by Crye-Leike Com- Center, 2857 Kirby Road, in the former McAlister’s Deli will be available for private parties and corporate team- mercial Auction Services in February. space. The pizza company is based in Arkansas and is building events. Kays Nawaf Employee Pension Plan sold three flex new to the Memphis market. “We’ll have a private party room as well as the main warehouse buildings at 4652 Damascus Road, 4660 Brian Califf of NAI Saig Co. represented the tenant. room,” Bauer said. “We think it’s a great location. I feel Damascus Road and 4668 Damascus Road, ranging from Gary Myers of The Gary Myers Co. represented the land- like it’s the heart of the city. From Germantown to Down- 7,450 square feet to 10,160 square feet. There was a pub- lord, Walter Wills. town, it’s very easily accessible. It’s a good neighborhood, lished minimum bid of $83,000 each. “They have all these funky pizzas and they bring and I think it’s the perfect place for the kind of business An individual investor purchased the buildings at them all around to your table,” Califf said. “It’s basically that we are opening.” 4652 Damascus Road for $132,000 and 4660 Damascus like a buffet where they bring it all to your table so you The shop is also looking into holding offsite “collab- Road for $124,300, said Bill Caller, principal auctioneer can sample every pizza on their menu. You just take a orative events” like festivals and fundraisers, Bauer said. with Crye-Leike. piece of what you want.” Pinot’s Palette hopes to open by the first weekend in Meanwhile, 4668 Damascus Road sold to Theodore Califf said Larry’s Pizza wants to add two or three oth- June and that eventually she and her husband would like M. Wilson III and Kimberly A. Wilson III on Tuesday, ers in the Memphis area. to open more than one in Memphis. March 27, for $99,000, according to the Shelby County “We’re looking for any second-generation Register of Deeds. The purchase was financed with a restaurant space,” he said. “That old McAlis- And Edward D. Jones & Co. has signed a $79,000 mortgage through Community Bank. ter’s is perfect for their first one; it’s a clean 1,200-square-foot office lease at 7980 Brother Call said all buyers of the Damascus properties will space.” Blvd., suite 104, in Bartlett. likely hold onto and lease out each warehouses. Larry’s Pizza plans to open by June 1. The five-term lease begins April 1. Jeff Also, Reaves Family Trust sold the Players Forest Of- Waddell with Crye-Leike Commercial’s fice Park off Players Club Parkway in Quince/Ridgeway’s In retail news, Ken Bauer and Kristi Arlington office represented the landlord, RL 38119 ZIP code for a combined total of $16,500. The Bauer, franchise owners of the Memphis Scobey Investments LLC. gated office park is comprised of nine tracts/wooded lots Pinot’s Palette franchise, have signed a lease ranging from one-half acre to 1.6 acres. for 2,052 square feet at Sanderlin Place, Send commercial lease announce- Last, Serafina Facelli Family Trust sold the 31 acres at 5040 Sanderlin Ave., suite 111. ments to Sarah Baker, who can be 4530 Clarke Road in Hickory Hill South’s 38141 ZIP code Aaron Petree, vice president bro- reached at 521-2464 or sbaker@mem- for $77,000. The property includes a house and currently kerage with Loeb Properties Inc., rep- phisdailynews.com. www.thememphisnews.com March 31-April 6, 2012 31

news

LOGISTICS US Airways’ New Flights to D.C. Boon for MEM

BILL DRIES | The Memphis News

S Airways Inc. has begun three Inc. as US Airways sought to build its pres- phasis on Memphis travelers going to the and forth in a single day.” daily nonstop flights between ence at Reagan National and Delta sought nation’s capital on business being able Phoenix-based US Airways’ presence UMemphis and Reagan National to build its presence at New York’s LaGuar- to make Washington a day trip instead of at Memphis International, which serves Airport in Washington. dia Airport. US Airways got Delta slots at having to stay overnight and catch a morn- as one of seven Delta U.S. hubs, remains Memphis-Shelby County Airport Au- Reagan in exchange for Delta getting US ing flight back to Memphis. modest even with the three extra nonstops thority chairman Arnold Perl told those at Airways slots at LaGuardia. Now Delta and BlueCross BlueShield of Tennessee a day. US Airways had six of the 137 major an event celebrating the new flights that it US Airways each offer nonstop flights be- vice president Calvin Anderson is another and regional airline scheduled flights in would be a day they would remember. tween Memphis and Washington, the first frequent flier to Washington who is happy February at Memphis International. “This is the start of building service time there has ever been such dual service with the new flights. US Airways tried to acquire Atlanta- back in Memphis,” Perl said, referring to to D.C. in the airport’s history. “Having it as an option is something based Delta in 2006 in a hostile takeover recent service cuts by Delta, although he “With two carriers on the same route, that the community needs,” he said. “A lot bid that failed. US Airways is now express- didn’t mention Delta by name. you’ll see lower fares,” said airport author- of times, you can’t conduct your business ing interest in American Airlines, which The growth is the result of a slot swap ity president Larry Cox. in one day. The times you can it is greatly filed for bankruptcy reorganization four between US Airways and Delta Air Lines He and Perl are putting heavy em- convenient to have the ability to go back months ago.

4444 Delp st. Church has filed a $2 million con- Memphis, tn 38118 struction loan through First Alliance REAL ESTATE RECAP sale Amount: $1.7 million Bank for 38 acres at the southeast corner of Old Brownsville and Billy Sale Date: March 8, 2012 Maher roads east of Austin Peay Buyer: 4444 Delp LLC Highway. The property is adjacent to Mitsubishi Chem Subsidiary Seller: ASI Storage Solutions Inc. the St. Columba Episcopal Confer- Loan Amount: $1.2 million ence & Retreat Center. Files Permit App for HQ Loan Date: March 8, 2012 St. Elisabeth’s bought the acreage Maturity Date: n/a in 2008 for $600,000. At the time, a Lender: ChinaTrust Bank (U.S.A.) 1,700-square-foot vacant house was | KATE SIMONE The Memphis News Details: Logistics Team, a third- on the site. A demolition permit was party logistics firm based near Los issued in March 2009. Angeles, has bought a 95,000-square- The Shelby County Assessor foot warehouse at 4444 Delp St. for of Property’s 2011 appraisal was

Rust Rd $1.7 million. $317,500. MC Ionic Working as the entity 4444 Delp The church, formerly on Yale Solutions US Inc. LLC, Logistics Team bought the Road, sold that property several Fite Rd Millington Rd property from ASI Storage Solutions years ago and moved to its current Fite Rd Inc., financing the purchase with a site at 2911 Elmore Park Road in $1.2 million loan through ChinaTrust Bartlett. Bank (U.S.A.). Memphis-based Hord Architects has Built in 1975, the Class B ware- designed the new building, accord- house is on about 6 acres on the east ing to the church’s website. side of Delp south of Crowfarn Drive Millington Rd in Airport Industrial Park. The ware- 332 washington ave., 352 house includes about 6,500 square washington ave., and 364 2665 Fite Road • Memphis, TN 38127 feet of office space. washington ave. The Shelby County Assessor of Memphis, tn 38105 2665 Fite Road Property’s 2011 appraisal was $1.9 Sale amount: $975,000 Memphis, TN 38127 million. ASI Storage Solutions bought PERMIT COST: $8.2 million it in 2008 for $2.2 million. Sale Date: March 15, 2012 Founded in 1989, Logistics Team Buyer: Memphis Union Mission Permit Date: Applied March 2012 offers warehousing, fulfillment, Seller: WMC Investment Co., Equity Owner: MC Ionic Solutions US Inc. reverse logistics and transportation Group 92 LLC and Bryan A. Crisman Tenant: MC Ionic Solutions US Inc. services and has more than 2.5 mil- and Marie C. Crisman Contractor: Smith-Doyle Contractors Inc. lion square feet worldwide, accord- Details: Memphis Union Mission Details: MC Ionic Solutions US Inc., a subsidiary of Mitsubishi Chemical Corp. that ing to the company’s website. has bought property behind its men’s will produce an electrolyte solution used in lithium-ion batteries, is moving ahead emergency shelter at 383 Poplar Ave. with its North Memphis headquarters and production plant. 6033 Old brownsville road for $975,000, part of an expansion An $8.2 million building permit has been filed with the city-county Office of memphis, tn 38135 plan approved by the city-county Construction Code Enforcement for a solvent feed at the facility, 2665 Fite Road. The loan amount: $2 million Land Use Control Board and Mem- scope includes site work, structure modifications and fire and electrical work, ac- phis City Council earlier this year. cording to the application. Cordova-based Smith-Doyle Contractors Inc. is listed as Loan Date: March 14, 2012 The purchase of 332 Washing- the general contractor. Maturity Date: May 1, 2019 ton Ave., 352 Washington Ave. and MCIS US was awarded a 14-year PILOT by the city-county Industrial Develop- Borrower: St. Elisabeth’s Episcopal 364 Washington Ave. from WMC ment Board for the Memphis plant – the company’s first. The PILOT recommenda- Church Investment Co., Equity Group 92 tion states the facility, set to be built on land leased from Lucite International, will Lender: First Alliance Bank LLC, Bryan A. Crisman and Marie C. create 52 jobs with an average wage of more than $69,000 without benefits. Details: St. Elisabeth’s Episcopal Crisman closed Thursday, March 15. 32 March 31-April 6, 2012 www.thememphisnews.com Thank You Congressman Cohen! For Protecting Tennessee Motorists and Highways

Congressman Steve Cohen recently joined 32 other Members of the US House Transportation and Infrastructure Committee in voting to keep our highways safe and protect taxpayers from huge new costs for increased road and bridge damage.

By voting to put the brakes on a proposal to allow trailer trucks and other longer and heavier trucks as part of the American Energy and Infrastructure Jobs Act (H.R. 7), Congressman Cohen helped to protect our families and preserve our roads.

We look forward to working with Congressman Cohen to make sure these bigger truck provisions are kept out and that no future bills in Congress force area residents to share the road with longer or heavier trucks.

Thank you Congressman Cohen for standing with us and saying NO to bigger, more dangerous and damaging trucks.

Sponsored by the Coalition Against Bigger Trucks, LLC. For more information, visit www.nobiggertrucks.org. www.thememphisnews.com March 31-April 6, 2012 33

Memphis NEWSMAKERS Viral Bug Can Burton Named PR Mgr. at inferno Bite Anybody Global brands, fledgling

TAYLOR SHOPTAW | The Memphis News startups and nonprofits alike are embrac- ing viral marketing, an electronic form of buzz marketing. It’s where your message passes from person to person without your direct involvement – the technologi- Ashley Burton has been promoted to public relations man- cal equivalent of word of mouth. While all ager at inferno. Burton joined the agency in 2005. too many viral campaigns fizzle out, those that do take off can generate millions Hometown: Bedford, Ind. wise wouldn’t get to meet. I also love in brand exposure and buzz for years. A the fact that every day is different. variety of messaging strategies can lead Education: I graduated with a bach- to viral success, especially those that are elor’s degree in journalism and politi- What are your goals as public re- cause related, controversial, entertain- cal science from Indiana University. lations manager? To continue to ment based or incentive driven. help our clients succeed, as well as As a nod to its nostalgic brand roots, Work Experience: Before inferno, I expand inferno’s reach both within Coca-Cola launched a series of online worked in the Memphis office of Mc- Memphis and in other markets, and riddles through its social media chan- Neely Pigott & Fox Public Relations. strengthen relationships with our cli- nels, the answers ents and media contacts. to which took What talent do you wish you had? I players to a new wish I could sing. What do you consider your great- twist on a vintage est professional accomplish- game. One such Who has had the greatest influ- ments? I find it very rewarding each fill-in-the-blank ence on you? My parents and my time I’m able to fulfill a client’s needs, riddle encour- two grandmothers, who are intelli- whether it’s securing earned media BURTON Photo: Dennis Copeland aged fans to “Set gent, fiercely independent and above coverage or providing guidance on an them up row after all else, kind. internal communications initiative. Lori turner- row. Knock them

Ashley McCrary, a speech therapist at wilson down, and watch Why did you pursue a career in What do you most enjoy about guerrilla sales Baptist Rehabilitation-Germantown, them go. It’s a toy public relations? Public relations al- your work at inferno? I truly en- and marketing has earned certification in Lee Silver- the whole world lowed me to combine my passion for joy working alongside (and learning man Voice Treatment through LSVT knows. The simple joy of “F _ L L _ _ _D _ writing and planning with relationship from) my coworkers, who are a tre- Global, an organization serving indi- ______.com.” The answer, FallingDomi- building. Through my position at in- mendously talented group of profes- viduals who require speech therapy noes.com, takes players to an animated, ferno and personal volunteer efforts, sionals, and working with our clients, processes to help communicate. Coke-branded, dominoes experience. Just I have had the opportunity to work who allow us to become true strate- move the on-screen hand to begin and with so many amazing people I other- gic partners in their business. John A. Peebles has been named a watch the dominoes fall. member of McNabb, Bragorgos & Bur- Or try this riddle on for size. gess PLLC. “EqmgUrkppgt.eqo – shift the letters back two steps, and magically, the sym- Teresa M. Bernhardt, Steven Boles, bols might make sense.” Replace each Alan de Flumere, Lindsey Donovan, letter with the letter that precedes it by Derick Garner, Donald Grayer, Jer- two in the alphabet, and you end up with emy T. Jones, Michael J. Leonard and CokeSpinner.com. The virtual-rendition on Rebecca Y. Lin have graduated from the retro game you can play at this site is Christian Brothers University’s Certi- based on a Thaumatrope, popular in Vic- fied Financial Planner Board-Regis- torian times. A disk with a picture on each tered Program in Financial Planning. side is attached to two pieces of string. When the strings are twirled quickly be- Brand Cook has joined Cushman & tween the fingers the two pictures appear Wakefield/Commercial Advisors LLC to combine into a single image. Slide the as an associate. bar on screen to spin the disk. On Being a Black Lawyer blog has Fledgling startup Dollar Shave Club is named Lee Harris, Memphis city a viral marketing phenomenon. Relying councilman and professor of law at almost exclusively on an irreverent online the University of Memphis Cecil C. commercial to launch its subscription Humphreys School of Law, as one of model for monthly distribution of shaving the 100 most influential black lawyers supplies for men, the company pulled in in the United States. Harris has been more than 600,000 online views in just a member of the U of M faculty since two days, netting 5,000 orders. It was 2005. Before joining the U of M, he more than just the outrageous commer- worked at Baker, Donelson, Bearman, cial that drove interest. Customers were Caldwell & Berkowitz PC. provided with a personalized referral link to share, earning a free month of shaving Dr. Adam Baker, owner of Dermatol- supplies for every referred order gener- ogy Realm Inc., has joined the board ated. of directors of Re:Fuel Memphis Inc. With over 87 million views, the YouTube sensation Kony 2012 is a viral Ashley Cleek, Adam Crider, Jonathan marketing masterpiece. Designed to Stewart and J.V. Thompson have shed light on the atrocities committed by been selected as partners in Rainey, Joseph Kony throughout Uganda and cen- Kizer, Reviere & Bell PLC. Cleek is a tral Africa, this documentary does more member of the firm’s Malpractice than educate – it inspires philanthropic Defense group; Crider is a member Generation Y to take action. of the Business Law group; Stewart is While viral marketing campaigns are a member of the Tort and Insurance more art than science, if you can paint the group; and Thompson is a member of right picture, the world sees your message the Tort and Insurance group as well in the mere blink of an eye. as the Employment Law and Civil Rights group. 34 March 31-April 6, 2012 www.thememphisnews.com

Memphis Law Talk Liddon Helps Companies and Community

Sarah Baker | The Memphis News

hen Robert Liddon began as a Liddon is also very involved with Boy clerk at Heiskell Donelson after Scouts of America Chickasaw Council, Sec- W his second year in law school in ond Presbyterian Church and St. Mary’s Epis- 1974, there were about 25 attorneys. copal School. With his three children grown, Now the firm known as Baker, Donelson, Liddon and his wife are empty nesters, but Bearman, Caldwell & Berkowitz PC is made the majority of his free time is still spent with up of about 600. youths, including The Neighborhood School, Raised in Corinth, Miss., Liddon went to Streets Ministries and Collegiate School of Vanderbilt University for his undergradu- Memphis. ate degree before attending Columbia Law “I very much like the efforts that are going School. He was tempted to stay in New York, on in the world of mentoring and education,” but ultimately landed in Memphis. Liddon said. “There are kids that I see three “I interviewed in New York City before I or four times a week. I think it’s important to came down here and they would say, ‘Well, stay involved basically on a one-on-one ba- now, why would a nice Southern boy like you sis. Not just board membership, but to have want to be in New York City?’” Liddon said. personal contact. It is also very important “I thought, ‘Well, you’ve got a point there.’ It from the standpoint of this other thing that I was great being in Manhattan for three years do – economic development. To understand but I didn’t want to stay. It was kind of ex- our community and its needs and what we hausting being in that environment. I came should be doing about it.” back here and … I’ve been with this same Liddon He even finds ways to tie the two together firm since then.” Photo: Lance Murphey for the kids to experience. Before spring Liddon’s early years of practice were break, in connection with the Boy Scouts’ concentrated on lending, which led to real estate. Now presence, Liddon finds it encouraging that in recent Citizen in the Community merit badge, Liddon took a a shareholder in Baker Donelson’s Memphis office, Lid- years, there has been an increasing investment in the group of scouts around to get acquainted with some of don’s practice leans more toward moving companies manufacturing sector and its job growth. the city’s top decision makers. to Memphis, economic development and workforce “We lost manufacturing jobs for a number of years,” “We went down to City Hall and went to a City development. Liddon said. “You could go back in the distant past and Council meeting; they got to do the flag ceremony and He spends his days “problem solving,” which can be everybody still refers to the Firestone plant and the Inter- Kemp Conrad introduced them,” Liddon said. “And then anything from working on purchases and sales of real national Harvester plant in North Memphis. One aspect we had an appointment with Mayor (A C) Wharton so property to tackling leases, financing transactions, zon- of the manufacturing is that the capital investment is we went and talked to him in his conference room, they ing and subdivision approvals, and easements. very large. The job qualifications will be higher – it’s not got to ask him questions, which was great. Then we went “You have to negotiate your way through that and your basic, entry-level labor. It’s more technical labor, on over to the federal building and they talked to Judge find an acceptable solution because the last thing any- and so in a sense, it’s fewer jobs, but with higher pay.” Hardy Mays, so he told them about being a judge. They body wants to do is shut the whole thing down,” Liddon To that end, Liddon serves on the board of Workforce had a good time doing that.” said. “It’s not a confrontational style; it’s a style of work- Investment Network – a city entity dealing with job train- Liddon co-leads a troop that does campouts and a ing together toward a common objective.” ing and job development-related initiatives, and thus the summer camp. But he sees it more as leadership devel- Liddon’s proudest moments stem from helping com- attraction of industry to Memphis and spurring econom- opment, rather than perfecting the art of camping. panies work their way through issues in order to locate ic development. “Sure, you want them to learn how to tie knots and in Memphis. His name has appeared on the payment-in- “I think that growing jobs in the area and related job to survive in the outdoors, but more than that, it’s how lieu-of-taxes (PILOT) applications as the legal counsel skills is something that’s very essential for what we’re do- to get along with each other, how to resolve conflict,” for big-name companies. For a city with a robust logistics ing here and is very important to me,” Liddon said. Liddon said.

Spring Brings Viewer Mail, Input on Crossword Clue

The Beatles sang, “It’s been a long, pretty quick. I’ve structor and entrepreneur, weighed in. He cold, lonely winter,” but that is not what discovered that believes the call for a Twitter campaign I Swear Crossword we’ve had here in the Natural State. It’s most 3-legged was inappropriate. Among his points, been warm and anything but lonely. Lots of dogs don’t realize “1. The clue should not have been Fleming’s weekly puzzle Page 40 viewer mail makes me a happy columnist. they are viewed used – it is insensitive. The bigots trying to Hallelujah, spring is here! as disabled.” take over our country love to polarize the Lynn Lisk, director of the paralegal pro- Buddy Raines debate, and they use words like this to help Roy had a few more points, includ- gram at the University of Arkansas–Fort called from his them do so. ing that neither the puzzle author nor VIC FLEMING law office not far “2. The clue is accurate, given current Smith, writes, “Thanks for your 3-legged I SWEAR the puzzle editor is a bigot, that there are dog story. I’d never heard ‘The 3-Legged from my court to usage. It does not say ‘Every person.’ It more important things to get outraged Dog’ song and, as the proud owner of a tell me his daughter’s favorite joke: This says ‘One …’ and that is just as accurate as about than insensitive crossword clues, 3-legged, 4.5-lb. papillon, I needed to. three-legged dog goes into a bar and says ‘One in a fruit bowl’ for APPLE or ‘One on a and that polite, rather than vitriolic, com- “My dog, Maya, has never treed (or to the bartender, “I’m looking for the man basketball court’ for CENTER, which clues plaints about insensitivity are more likely screened) a raccoon, but she did bark furi- who shot my paw.” do not imply that every fruit in a fruit bowl to succeed. ously at a large Newfoundland she caught Don’t get me started on talking-dog is an apple or basketball teams are all cen- I still don’t know how to retract a clue. eating her food on the porch last summer. jokes. ters. Similarly, the clue in this puzzle does But I’ll bet that if the puzzle in point makes He looked at her with puzzlement and Last week’s column was about a call in not imply that every person ‘caught’ at the it to book form, it will be with a different then sauntered off. Maya is missing her colorlines.com for a Twitter campaign to border is a suspected illegal immigrant. clue for ILLEGAL. front left leg. demand a retraction of a crossword clue, Yes, this sidesteps the fact that the usage “I think Maya envisions herself as “One caught by border patrol.” The clue is politically charged. See point 1. Vic Fleming is a district court judge in a Rottweiler or Mastiff. When she runs, called for its answer, ILLEGAL, to be used “3. Crossword clues are frequently Little Rock, Ark., where he also teaches at she tucks her left rear leg up as well and as a noun. Which is considered pejorative. underspecified. That’s what makes them the William H. Bowen School of Law. Con- just runs on her two right legs, and she’s Roy Leban, a noted crossword con- clues instead of definitions.” tact him at [email protected]. www.thememphisnews.com March 31-April 6, 2012 35

Memphis STANDOUT Friendsignia Builds Social Media Tool

Andy Meek | The Memphis News The venture, of which Traxler is the can decline. CEO and Hawkins is chief operating of- “Something like 92 percent of the ficer, is called Friendsignia. And there’s information on Facebook is actually not almost a straight line a person can follow relevant to you,” Traxler said, referring to Editor’s note: This is the second in a that leads from the two guys’ friendship the way some not-so-close friends you’re six-part series on entrepreneurs in the to the startup, which is one of the six nevertheless connected to will post current round of Seed Hatchery’s “cohort” companies in the current round or “co- things you’re not particularly interested boot camp. hort” of Seed Hatchery. in but which show up in your news feed The pair is so passionate about their anyway. undane problems are often the idea, in fact, that they relocated to Mem- Or maybe it’s a person who did that geneses that inspire visionaries phis from California to be part of Seed so much you stopped following them. If Mto build first-class companies Hatchery, an entrepreneurial boot camp someone else shares their content, there around them. based Downtown at which ventures such it is again. There’s a famous story, for example, as Friendsignia get seed funding, guid- “The stuff you don’t want seems like about how Reed Hastings rented “Apollo ance from mentors and the training to it’s always going to get back into your feed 13” in the late 1990s, back in the days of hopefully make it on their own. somehow,” he said. “Our ideal user is any- VHS tapes, and returned it late. He got This is the second of a series of pro- one who suffers from this problem. It’s stuck with a whopping late fee. It was a files in The Daily News offering a snap- everyone who wants to use social media light-bulb moment that inspired him to shot of the current, six-member cohort. effectively.” found Netflix, which at first was a DVD- If you’ve ever been to a party that’s so Traxler The Friendsignia program, when it’s by-mail service with no late fees and now crowded you can’t get a good sense of ev- Photo: Lance Murphey opened, will show the user at the center is recalibrating itself to focus on instant erybody in the room – and, more impor- of a mass of people they’re connected to streaming. tantly, you can’t find the people to whom lievable friends along the way, but we’ve via social media, all of whom are arrayed It’s the same kind of personal experi- you want to talk to most – you have the also lost touch with a lot of people along outward from the center in order of de- ence that’s led David Traxler and Cole basic idea behind Friendsignia. the way.” scending “closeness.” The value propo- Hawkins, friends for more than 20 years “We’ve been friends for a long time,” Similarly, they’ve run into what many sition of the program is that it helps the and new arrivals in Memphis, to launch said Traxler, a graduate of the Univer- people do on social media – the fast, user get a better sense of whom they’re a startup built around social media and sity of Mississippi, of his friendship with sometimes massive accumulations of connected to and with whom they have which aims to fix one of the biggest prob- Hawkins, also an Ole Miss grad. “Like friends and contacts, until a particular the most close-knit relationships – at least lems average users might encounter. anybody, we’ve also made some unbe- service is so cluttered that its usefulness online.

Special Emphasis Issues What’s Coming Up

APR. 14 MEMPHIS PUBLIC COMPANIES

APR. 28 TRANSPORTATION, DISTRIBUTION & LOGISTICS

MAY 5 EDUCATION

12n-3p MAY 19 FINANCIAL SERVICES

JUN. 9 OFFICE, INDUSTRIAL & RETAIL

For information about advertising in these upcoming issues, contact your account executive or Advertising Director Don Fancher at 901-528-5283 or [email protected] 36 March 31-April 6, 2012 www.thememphisnews.com

Economic Development McKesson VP: Slowness Cost Memphis

Pace says city’s economic development shortcomings forced company to move to Olive Branch

BILL DRIES | The Memphis News He referred specifically to require- scenes. ments to “be able to get over the hurdle” When McKesson and Olive Branch and win approval of a payment-in-lieu- leaders formally announced the future of-taxes (PILOT) from the old Memphis- move to Olive Branch in May 2010, it Shelby County Industrial Development was a major factor in Memphis Mayor A hen McKesson Pharmaceuti- Board. That included a $45,000 diversity When we were dealing with C Wharton Jr. and later Shelby County cal Co. went looking for an- plan “that went on the shelf and we Mayor Mark Luttrell announcing an W other redistribution center, it never used it.” Mississippi, there was no overhaul of the local economic develop- wanted 70 acres of land for what wound “When we were dealing with Mis- such thing (a diversity plan ment apparatus. up being a $135 million investment, the sissippi, there was no such thing,” Pace related to a PILOT). If you’re McKesson sought tax breaks and largest capital investment made in the added. “If you’re a small-business per- a small-business person in incentives for a project that wasn’t going history of the health care software, auto- son in the city of Memphis, I don’t know the city of Memphis, I don’t to immediately expand its workforce of mation and services company. how you do it.” “ 813 in Memphis. Its application for a There were three sites in Memphis Pace said the city’s process was not know how you do it.” PILOT couldn’t “promise job growth in McKesson considered in 2009. only lacking when compared with Olive – Douglas Pace the near term” – one of the criteria. The only one of the three that had Branch and Mississippi. He said the Operations vice president, McKesson With lots of cajoling and prompting that much acreage was a tract of land city’s process failed comparisons to nu- from Wharton in particular, the IDB cri- near the recently opened Northridge merous other cities the San Francisco- teria was changed to make job retention distribution center Nike built in Frayser. based company has dealt with. tuity until they retire.” a consideration when a company makes The impact of a second major distri- “It’s nowhere near as egregious as Those hired after the fall move to an investment in its facilities of at least bution center in an area already blighted Memphis,” he said. Olive Branch do not get the same offer. $10 million. before the current recession would have McKesson has offered all of the Pace’s remarks are the first public The long-term result of the push been incalculable. employees at the Memphis distribution statements the company has made on by both mayors for a faster and more McKesson rejected the Frayser site center in Hickory Hill jobs at the Olive why Memphis lost. But McKesson’s dis- streamlined process was putting most of because of safety concerns, said Doug- Branch plant and the company will pay pleasure with the process for applying the separate incentive boards and other las Pace, operations vice president for what those employees have to pay in for economic development incentives public-private players under EDGE – the McKesson Redistribution Center in Mississippi’s state income tax “in perpe- in Memphis was apparent behind the Economic Development Growth Engine. Memphis, soon to be in Olive Branch. “The security of our employees com- ing in at 2 or 3 o’clock in the morning, going out at 6 or 7 at night, two-and- a-half miles to get to Interstate 40 was a major consideration in not selecting LAW & THE COURTS that property,” Pace told the monthly luncheon of the Memphis chapter of the Society of Industrial and Office Realtors. Pace said he came to the Tuesday, Courts Move to E-Filing System March 27, gathering in East Memphis, sponsored by The Daily News, to talk

about the new Olive Branch plant, which BILL DRIES | The Memphis News is scheduled to open in the fall. He acknowledged later that the talk to a group of 50 strayed into a critique of how Memphis lost the project to Olive he day-to-day business of Shelby times over since then. County govern- in the traditional fashion for security pur- Branch. County’s Circuit and Chancery ment’s recent change to an office of infor- poses originally. This is a new adventure The McKesson center in Olive Tcourts is on the way to going paper- mation technology was also a factor. and we may eventually go this direction. Branch, next to the , less after more than 150 years of ink on pa- The ACS Case Management system But we want to be sure that when we go is nine buildings under one roof includ- per. The Circuit and Chancery courts clerks’ cost $427,450 and was paid for in capital that direction, all of the bugs have been ing office space. offices will go to electronic, or e-filing, of all improvement program funding after the worked out.” Because of the value of some of the court records in June. county put out a request for proposal. Tax sales will be dealt with by parcels pharmaceuticals McKesson distributes, Attorneys can still file a paper version The e-filing software is Tybera, a system of property instead of one consolidated it has elaborate security. of proceedings with the clerk’s office and the state of Arkansas is about to begin us- tax sale case. The state of Tennessee per- The pharmaceuticals are also stored that will continue indefinitely. The two ing and which is already used in courts in mits courts to charge for registration of under special conditions that require clerks’ offices are now scanning them and Delaware and Nevada. users of the e-filing system – a one-time regulated and constant temperatures as plan to go completely to e-filing at some The federal court system’s PACER – charge of up to $120. But Van Sturdivant, well as failsafe measures for power out- point. They have already scanned 350,000 Public Access to Court Electronic Records the Circuit Court chief administrative ages. And there are elaborate fire safety existing documents from existing cases. – electronic filing system is the model for officer, said neither court will charge precautions being built into the plant as “We’re going to put up the first state the new system. But there are some dif- any kind of fee at least for now nor will it well as seismic measures. court e-filing system in Tennessee,” said ferences including in the part of the legal charge a per page cost to copy the records Some shipments are moved by Maury Wessels, Circuit Court manager of community using the system to come in on the secure website. “automated guided vehicles” that cost information systems. “You’ll be able to Chancery and Circuit. The fees to open cases that existed $500,000 each. file new cases or be able to file new docu- “When you get to the criminal side before e-filing will remain in place. And if Pace credited state government of- ments on existing cases.” of things, you get to tighter relationships an old case is reopened under the e-filing ficials, including then-Tennessee Gov. The move to e-filing began in 1998 between just government offices,” Wes- system, there will be fees. Wessels said the Phil Bredesen for being “aggressive” in when the technology first presented sels said. “It’s going to be hundreds of goal is a two-hour turnaround in approv- their response to what amounted to a itself. Jimmy Moore was still Circuit Court attorneys who are really going to use this ing filings in both courts during business competition on both sides of the state clerk. Kenny Armstrong, who is now a system. So it’s really a lot broader impact hours. Attorneys can file after business line. chancellor, was the Chancery Court clerk to the legal community.” hours. They can get a later email notice “They knew their stuff and they and master. But at the time, there wasn’t There will be different ground rules. that the clerks’ offices have reviewed their put together a very aggressive model,” the proliferation of high-speed Internet “We will not have adoptions initially filing. Provided there are no errors in the he said of Bredesen’s administration. access there is now and the ability to scan on e-filing,” said Chancery Court Clerk e-filing, the court record will show the “When it went to the city of Memphis, it documents was limited. and Master Donna Russell. “Adoptions, record was filed when they sent it instead went to a slow walk.” The technology has changed several terminations and surrenders will be done of when it was reviewed. www.thememphisnews.com March 31-April 6, 2012 37

MEDIA Speak, Zoo Unite With App Launch SARAH BAKER | The Memphis News $1,000 nimal, music and barbecue lovers app is installed on their phone, so people One business trip (airfare, car rental and hotel) behold – there’s an app for that. are staying in front of their brand and be- A Speak Creative has built a new ing reminded about the zoo.” app for the on a platform This is Speak’s first year to work on called The Zoo App. The firm is selling the The Zoo App, but it’s a similar concept to template across the country. the firm’s platform offering for churches “It’s a platform that allows zoos, bo- nationwide called EverChurch. tanic gardens, things like that who have “We’ve got a library of features that a kind of large outdoor parks and exhibits typical church would want to tap into – like that they want to take people through and a sermon library being available right there provide an app at a much more reason- on the phone, calendars, media, things like able price than starting from the ground that,” Savage said. “That supports quite a up,” said Jacob Savage, founder of Speak Creative. The app contains tools for adding in- teractive maps, allowing zoos to build a list of exhibits and present it to its audience, regardless of their location. $49 “Somebody, whether they’re at the zoo or at their home, can pull up some- Unlimited online meetings per month thing like Northwest Passage and see Somebody, whether they’re the different animals that are featured in that exhibit,” Savage said. “They can read at the zoo or at their home, details about the animals. They can listen can pull up something like to audio tours of those that have been Northwest Passage and see enabled, watch videos and very easily plot the different animals that Do the math. With GoToMeeting you could hold a month’s worth of online that particular animal or exhibit on a map are featured in that exhibit.” so that they can find their way right to that “ meetings for less than one in-person meeting. Host as many meetings as place within the zoo.” – Jacob Savage Founder, Speak Creative Other features include a calendar sys- you want for one flat rate – free VoIP and phone conferencing included. tem, which makes it easy to keep up with what’s going on at the zoo and the show Do more and travel less with GoToMeeting. Try it free for 30 days. times offered. Users also have the option few organizations across the U.S.” to add events to their phone’s calendar and What a lot of people have discovered if star events as favorites. they’ve explored building an app, Savage “It complements the in-person ex- said, is that creating one from the ground perience, reading the different signs and up can be very costly. And it’s a different whatnot,” Savage said. “If they wanted to approach completely from building a show you in-depth information about a website. particular animal, they could.” “We’re 20-plus years into websites, so a The Zoo App also contains “fun lot of the costs have come down dramati- features” like the photo booth, which cally from where they started,” Savage said. FREE 30-DAY TRIAL provides zoo-branded picture frames that “But apps are still very new. It’s a different can be saved to the phone or shared on type of programming, so we’re looking at gotomeeting.com | promo code: AB11 social networks such as Twitter or Face- ways to build out reusable functionality. book. In fact, the entire app is social-media They can still be customized, but allows us integrated, allowing users opportunities to to provide a lower price point for organiza- share content as well as connect with the tions who don’t have very unique needs.” zoo’s social network. The Zoo App is free for users, helping Also built into the app are push the organization reach a wider audience notifications, allowing the zoo to inform and reducing long-term costs, Savage said. its audience of specials and emergencies. “There’s a lot of statistics and informa- What’s more, Speak is working on some tion out there about how charging for an other features that would allow virtual zoo app will decrease your adoption rate and membership cards down the road. it’s in the zoo’s best interest to get this app Since the Memphis Zoo App for iPhone out to as many people as possible,” Savage went live Jan. 20, it’s received more than said. “It enhances their experience, but 6,000 downloads in the iTunes store. An also having a digital interactive map down Android version was released in mid-Feb- the road will enable them to print fewer ruary and has notched 1,800 downloads. printed maps that are unchanging and not And Savage said the rate of daily down- easy to update.” loads has increased dramatically since the Meanwhile, Speak plans to go live with weather got warmer. the App and website by “They’re averaging about 150 down- mid-April. The firm launched the app last loads a day over the past several weeks, so year, and in many ways, the user experi- definitely I think as they move through the ence will be the same, with up-to-date spring and summer, they’ll see a huge up- maps for Beale Street Music Festival and tick in adoption rate,” Savage said. “That’s the World Championship Barbecue Cook- an ever-present connection that they have ing Contest, as well as a “new look and feel with their audience. The Memphis Zoo for 2012,” Savage said. 38 March 31-April 6, 2012 www.thememphisnews.com

arts & culture

theater New Moon Tackles Madness of ‘Lear’

JONATHAN DEVIN | The Memphis News

amilial deception, failing political to secure by throwing around his wealth power and one man’s disintegrating and power. He tells his three daughters Fpsyche combine to form one royal that he will give the largest share to the one mess in an upcoming New Moon Theatre who says she loves him the most. Co. production. William Shakespeare’s Goneril and Regan, the older two, dive “King Lear,” which has been called an “un- into flattery while the youngest, Cordelia, stageable” play, will open at TheatreWorks gives an honest but unexaggerated answer. on Friday, April 6. Lear disowns her, only to learn of his older “Never in my lifetime have I been daughters’ treachery after they’ve taken in a city that’s been able to mount a live away his power and wealth. In the mean- production of it,” said Anita Jo Lenhart, time, as the British crown falls into turmoil, director of the production, who is working a French army looms off the coast. with New Moon for the first time. “It’s about a man who loses his royalty New Moon is one of the resident only to find his humanity,” Lenhart said. companies at TheatreWorks. New Moon’s “He loses his mind only to find his heart, mission is to stage plays that are not often only to have it broken.” performed either because they are very Because the plot precedes Elizabethan old, too avant garde, challenging produc- England by several centuries, Lenhart tion-wise or just plain weird. decided to allow for plenty of anachronism In the last few years, the company where she felt it supported the story. Cos- has taken on the like of Tom Stoppard’s tumes with include both modern business “Rosencrantz and Guildenstern are Dead,” suits and capes and swords. The set, she Arthur Miller’s “Death of a Salesman,” said, will be minimal, but with a close-set Boris Vian’s “The Empire Builders” and a three-quarters round configuration, which Confederate zombie horror play co-written will have most of the audience within a few by New Moon member Zac Cunningham. feet of the action on stage. “(New Moon) tackle things that other Also in the cast are a number of well- companies don’t seem to,” Lenhart said. “I known actors making debuts with New thought if they’re going to do what no one Moon including Bennett Woods as Glouc- else dares to, then it has to be ‘King Lear,’ ester, the only person in the cast who has because if not now, when?” performed in King Lear before. Christina So why is “King Lear” so challenging? Wellford Scott will play Goneril and Kell “First you have to find a Lear or you Christie will play Regan. don’t have a play,” Lenhart said. “Lear is As Lenhart has been on the theatre old, he’s ‘infirm, weak, and a despised old faculty at the University of Memphis since man,’ according to the script. You have 1987, she was able to draw upon U of M to find an actor who’s old enough to play students and grad students as well, several Lear, who’s not so old that he can’t handle of whom appear in the cast and crew. the rigors of the role. You have to have Amid the death, mental lapses, and someone in mind.” eye-gouging, Lenhart said there is a mes- For that role, Lenhart turned to Bill sage for audiences. Baker, a psychotherapist, playwright and “Hopefully it’s a wake-up call to say founder of another TheatreWorks resident, ‘where is the love present in my life right Our Own Voice, which writes and adapts now?’” Lenhart said. its own experimental scripts with the help Tickets for “King Lear” can be pur- of mentally challenged adults and youth. Photo: Courtesy of Sharon Bicks chased online at www.newmoontheatre. Lear, a pre-Roman British King, is near Bill Baker (center) leads the cast of New Moon Theatre Co.’s production of “King Lear” org or by calling 484-3467. The show closes an inevitable retirement, which he hopes April 6-22 at TheatreWorks. Gregory Boller (left) and James Dale Green (right) co-star. April 22. happenings

»Community Victory Bicycle Studio and The Brass quet Club of Memphis, 5111 Market will be open April visit www.memphischamber. Sanderlin Drive. Congressman 7 from 7 a.m. to 1 p.m. at com by April 6. The Third Annual River City Door will hold a viewing of the Tour of Flanders Stephen Fincher will speak. Central Station Pavilion, 545 Brewers Festival will be held Cost is $17. Email Lee Hughes G.E. Patterson Ave., and S. The arts Saturday, March 31, with the Sunday, April 1, at 7:30 a.m. at the bar, 152 at [email protected] Front St. Visit www.memphis- » first session from noon to 4 » Madison Ave. The viewing party will feature for reservations. farmersmarket.org for more Theatre Memphis will p.m. and the second session information. present “Chicago” through from 6 p.m. to 10 p.m. at a raffle to win bike gear, Belgium waffles and The Kiwanis Club of Ger- Sunday, April 1, at the theater, Handy Park on Beale Street. mantown will host Philip The Greater Memphis 630 Perkins Road Extended. Cost is $30 per person. Visit Belgium beer. Visit www.victorybicyclestudio. Johnson, founding partner of Chamber will present a US For tickets, visit www. www.rivercitybrewersfestival. Argyle Benefits Consultants Chamber Center for Women theatrememphis.org or call com for more information, com for more information. LLC, Thursday, April 5, at 7 in Business seminar April 11 682-8323. including a list of participating a.m. at the Pickering Center, from 3:30 p.m. to 6 p.m. at breweries. Visit www.eatdrink- 7771 Poplar Pike. Johnson will the FedEx Institute of Technol- Playhouse on the Square will boogie.com/rivercitybrewers- discuss “Healthcare Reform ogy, 365 Innovation Drive. present “God of Carnage” festival for tickets. David Kemme, professor of at [email protected] for Business Owners.” Email Renee Horn, director of Digital through Sunday, April 1, at economics at the University for reservations. [email protected] and Social Media for FedEx Playhouse, 66 S. Cooper The Memphis Rotary Club of Memphis and executive for more information or to Corp., and Roberta Phillips, St. For more information or will meet Tuesday, April 3, at director of the Economic Club, Rotary Club of Memphis register. executive director of CWB, will tickets, visit www.playhou- noon at the University Club of will speak. Cost is $18 per East will meet Wednesday, speak. For more information seonthesquare.org or call Memphis, 1346 Central Ave. person. Email Taylor Hughes April 4, at noon at the Rac- The Memphis Farmers or to register for the seminar, 726-4656. www.thememphisnews.com March 31-April 6, 2012 39

food & wine

RESTAURANT INSIDER

Star Ratings Useful MEMPHIS GRAPEVINE Fredric Koeppel But Often Misleading Dry Riesling Has Balance, FREDRIC KOEPPEL | The Memphis News Elegance

think of Trefethen Vineyard, founded in the Napa Valley in 1973, as an Iold-school Winery. That is, not only because it goes back almost 40 years, but because its wines avoid the flamboy- ant, over-ripe, over-oaked, high-alcohol factors that characterize the products of so many newer wineries. Trefethen has been around long enough to see its region turned, in 2004, into an official American Viticultural Area, the Oak Knoll District of Napa Valley sub-appellation. Anyway, I’m a fan and especially of

Illustration: Shutterstock the winery’s riesling, called Dry Riesling so you know he big news recently in the what the reviewer has in mind? cruelties of a hard-nosed and perhaps what you’re restaurant world is that the Los Second, as the L.A. Times writer in- prejudiced or inexperienced non-cook- Angeles Times is ditching the star dicated above, the wide range of eating ing reviewer. I find this point-of-view getting. In the T southern part ratings that accompany its restaurant experiences available to consumers and nonsensical. Consumers want informa- reviews. Is this rash act the beginning reviewers nowadays puts a great deal tion and guidance – and some measure of the valley, Oak Knoll is a bit cooler of a revolution or the abandoning of a of stress on the reviewing process and of knowledge, experience and good writ- than the rest of Napa, making it appro- security blanket? its outcome. Locally, we could express ing – and reviews from such critics can priate for such grapes as riesling and Here’s the paper’s explanation: the issue by asking if the same review- be extremely helpful and important. pinot noir. I like to drink Trefethen’s Dry “First, star ratings are increasingly ing standards and star rating system or On the other hand, in an age when Riesling at about three years of age, so, difficult to align with the reality of din- even the same reviewer can apply to, the Internet provides anyone who wants for example, last Thanksgiving we drank ing in Southern California – where your say, Chez Philippe, Tsunami, Fuel, Las to comment on a restaurant experience, the 2008 and at Thanksgiving 2010 we dinner choices might include a food Delicias and Alcenia’s? good or bad, with a plethora of venues, drank the ’07. truck, a neighborhood ethnic restau- It used to be the case that in the larg- when the range of blogs devoted solely Today, however, it’s the turn of rant, a one-time-only pop-up run by er and more sophisticated cities – i.e., to eating out proliferates, so-called the Trefethen Dry Riesling 2010, Oak a famous chef, and a palace of fine New York, Chicago, Los Angeles and San professional reviewers must question Knoll District of Napa Valley. The color dining. Clearly, you can’t fairly assess Francisco – the restaurant reviewers for and re-evaluate the practice and value is a shimmering pale straw-gold; the all these using the same rating system. the major newspapers and magazines of what they do. bouquet features green apple, pear and Furthermore, the stars have never been only reviewed fine dining, “white table- But let’s get back to the stars. lychee with hints of peach, honeysuckle popular with critics because they reduce cloth” restaurants, while other dining When I started reviewing restaurants and lilac and the grape’s requisite petrol a thoughtful and nuanced critique to places were covered in sidebar columns for The Commercial Appeal in Janu- or rubber eraser scent. In the mouth a simple score. In its place, we’ll offer a or as briefs. In the towns and cities of ary 1988, no star rating was in place. In a lean, spare structure of crisp acidity short summary of the review.” the great heartland and its peripher- 1998, after several years of intense de- and almost scintillating limestone and So, it’s diversity that did in the din- ies, however, reviewers were obliged to bate among several editors and me, the chalk elements supports lovely flavors ing stars. This position makes sense in cover all the bases. four-star system was inaugurated, fol- of roasted lemon and lemon balm, with several ways, though in my experience Boy, that situation has certainly lowing this scheme: **** Exceptional; *** touches of ginger and quince; the finish as a restaurant reviewer even a notional changed. A few weeks ago, Sam Sifton, Excellent; ** Very Good; * Good; no stars, is long and spicy, with more limestone system as seemingly straightforward as chief restaurant reviewer for The New Fair or Poor. I thought it was necessary and traces of lime peel and grapefruit a bunch of stars – or forks or chef’s hats York Times, reviewed Shake Shack, a to have a “no star” category, because bitterness. Recently, we drank this with – is fraught with ambiguity. burger place that’s part of the ubiq- even one star should be understood as a a pasta dish with spinach, shrimp and Most people crave order, or at least uitous Danny Meyer’s dining empire. sign of some merit. In truth, it took me a marinated tomatoes. Terrific tone and a quick comprehensible standard, so to (Sifton awarded the establishment one year to get used to the system and to feel presence, with beguiling balance be- follow a review of whatever sort with a star.) Reading that review, one wanted to comfortable with assigning the stars. I tween taut elegance and slightly earthy simple indication that summarizes that say, “Welcome to the trenches, buster! It fudged a bit by incorporating categories lushness. Drink now through 2014 or whole experience should be helpful. The ain’t always foie gras with parsnip chips of 2 ½ stars and 3 ½ stars, so there were 2015. procedure ideally would mean glancing and huckleberry salsa.” actually seven levels. at the score the restaurant received and Third is the very nature of reviewing Matters did not work out as we – my then reading the review and seeing how and the subjective process – read: “per- editors and me – had anticipated. Read- FOR YOUR VERY the two aspects coordinate. Sounds easy, sonal bias” – that informs the enterprise. ers of the newspaper soon decided that but let’s look at the problems involved. Provocative responses on dining a restaurant that received a one-star OWN BOTTLE First is the complexity of the restau- blogs sometimes hinge on the idea that rating was essentially worthless and that BUSTER’S LIQUORS & WINES rant experience. While a written review since restaurants are often individually even two stars didn’t signify much in the 191 S. Highland St., $23 can elaborate on all the facets of ambi- or family-owned, because they open way of recommendation. In fact, if I had wine market only at great risk and financial out- a dollar for every time I met someone ence, service and cuisine – cuisine being 4734 Spottswood Ave., $23 the most important – can a reviewer lay, because independent restaurants who said, “I won’t go to a restaurant realistically epitomize those factors in depend so heavily on the energy and that you don’t give 2 ½ stars or better,” I GREAT WINES & SPIRITS one symbol? Can an average review be creativity of a chef and his staff, that it’s would be sitting on a beach in the Carib- 6150 Poplar Ave., $23 distilled to, say, two stars and make clear inappropriate to subject them to the bean at this moment. 40 March 31-April 6, 2012 www.thememphisnews.com

The Market: Residential See your listing in The Residential Market. Contact Patricia McKinney at 901-528-5271, [email protected]

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Elections, CONTINUED FROM PAGE 15 possible opposition one week before the numbered districts – 30 and 32 – are up for evening. deadline. election this year. As of then, no one had filed or pulled a trict 5 incumbent, has a petition out to run The August ballot also includes It’s also surfaced in the races for the 14 petition to run against Camper, Todd and in District 4, which is the same geographic primary contests for the U.S. House, U.S. state House seats within Shelby County. Coley. area. He has potential opposition from Senate and Tennessee Legislature. And the The Shelby delegation lost one of its The same was true of Democratic in- Betty Mallott, one of the members of the winners of the March primaries for four Senate seats and two of its House seats in cumbents Lois DeBerry and Mike Kernell, former Memphis City Schools board, and county offices – district attorney general, legislative redistricting this year. the two longest-serving members of the Russell R. Jones. General Sessions Court clerk, Shelby Nevertheless, 16 House incumbents Shelby County delegation. Neither had Jones faces a challenge from Tyree County assessor of property and the from Shelby County have pulled petitions filed their petition by Tuesday evening but Daniels, who filed this week, and a poten- County Commission District 1, Position 3 for the 14 positions. are expected to seek re-election. tial challenger in Theodore King. Porter seat – meet in general election contests. Republican incumbents Mark White, Two of the four Democratic House has a potential challenger in Jonathan The winners of the August primaries Curry Todd, Ron Lollar and Jim Coley had incumbents drawn into the districts of Lewis. And David Reaves, one of the mem- advance to the Nov. 6 state and federal filed for re-election by the end of Tuesday, other incumbents – G.A. Hardaway and bers of the former Shelby County Schools general elections. March 27. Jeanne Richardson – have pulled multiple board, has picked up a petition for the The issue of new district lines has Democratic incumbents Johnnie R. petitions for several House districts. District 3 seat held by Raphael McInnis. surfaced in the primaries for two of the Turner, Barbara Cooper, Karen Camper, Hardaway and Cooper are in the same Only countywide school board chair- five state Senate seats in the Shelby County Larry Miller, John DeBerry and Antonio House district. Richardson and Parkinson man Billy Orgel and Caldwell were without delegation to Nashville. The two even- Parkinson had also filed as of Tuesday are in the same district.

SEMINAR 2012 SERIES Mark your calendar for a series of informational business seminars hosted by The Daily News and The Memphis News.

APRIL 5 HEALTHCARE REFORM Health care reform remains a hot topic with new rules and regulations taking effect each year through 2013. We’ll take a look at the impact the legislation is having and what we can expect in 2012-2013.

JUNE 7 MONEY & MARKETS The international, national and local economies have been under tremendous pressure since The Great Recession of 2008-2009. We’ll take a look at how the economy is recovering and what the markets have in store for us in 2012.

AUGUST 2 SUSTAINABLE ENERGY Sustainable energy continues to be a priority both locally and nationally, and we’ll take a look at how the industry is growing, from biofuels to green construction.

SEPTEMBER 20 BUSINESS OF HEALTH CARE Health care remains one of the primary drivers of economic development in Memphis. We’ll take an in-depth look at the industry, its challenges and opportunities and its outlook for the rest of 2012 and 2013.

NOVEMBER 1 CRE REVIEW & FORECAST With a focus on commercial real estate (office, industrial, retail and multifamily), we’ll take a look at how each sector has fared during 2012 and what can be expected in 2013.

seminars.memphisdailynews.com

Each seminar will feature a keynote speaker followed by an interactive discussion with a panel of industry leaders. A cocktail reception with the speakers and panelists will follow the presentation.

For information on the seminars or sponsorship opportunities, please contact Don Fancher at 901-528-5283 or [email protected].

2012 SEMINAR CALENDAR www.thememphisnews.com March 31-April 6, 2012 41 www.thememphisnews.com March 31 - April 6, 2012 41

public notices

Foreclosure Notices reserves the right to adjourn the day of the time of purchase. Extra Space Stor- NOTICE OF PUBLIC SALE OF Related Info the sale to another day, time and place age reserves the right to refuse any bid. PERSONAL PROPERTY Gibson County certain without further publication, upon Sale is subject to adjournment. Notice is hereby given that the under- Also read our daily edition, The Daily announcement at the time and place for Mar. 31, 2012 Mhn11227 signed will sell, to satisfy lien of the News, in print or online every business the sale set forth above. MCC TN, LCC owner, at public sale by competitive day for public notices for Memphis & NOTICE OF SUBSTITUTE TRUSTEE’S 3525 Piedmont Road NE, Six Piedmont NOTICE OF PUBLIC SALE OF bidding on APRIL 10, 2012 at 11:15 Shelby County. SALE Center, Suite 700 Atlanta, GA 30305 PERSONAL PROPERTY A.M. at the Extra Space Storage facility Go to www.memphisdailynews.com or TENNESSEE, GIBSON COUNTY DEFAULT (404) 373-1612 www.mccurdycandler. Notice is hereby given that the under- located at: call 683.NEWS for more information. having been made in the terms, condi- com File No. 09-25031 /CONV Ad Run signed will sell, to satisfy lien of the 4805 SUMMER AVE tions and payments provided in certain Dates: 3/28/2012, 4/4/2012, and owner, at public sale by competitive MEMPHIS, TN 38122 Deed of Trust executed by Cristal 4/11/2012 THIS LAW FIRM IS ACTING bidding on 04/10/2012 at 11:30 901-682-1746 Walk to Wesley D. Turner, as Trustee AS A DEBT COLLECTOR AND IS AT- AM at the Extra Space Storage facility The personal goods stored therein by dated August 5, 2005 in the amount TEMPTING TO COLLECT A DEBT. ANY located at: the following may include, but are not of $61,200.00, and recorded in the INFORMATION OBTAINED WILL BE USED 4961 Covington Way limited to general household, furniture, Register’s Office of Gibson County, Ten- FOR THAT PURPOSE. Memphis, TN. 38128 boxes, clothes, and appliances. RIGHT TO BID. SALE IS SUBJECT TO nessee in Instrument No. 66084, Deed Ad #23442: 901-372-0864 JAMES MILLER # 330 ADJOURNMENT. Book 867, Page 422, (“Deed of Trust”); Mar. 24, 31, Apr. 7, 2012 Fhn11223 The personal goods stored therein by Purchases must be made with cash only Apr. 1, 2012 Mhn11232 and, the beneficial interest of said Deed the following may include, but are not and paid at the time of sale. All goods of Trust having been last transferred to limited to general household, furniture, are sold as is and must be removed at PUBLIC NOTICE JPMorgan Chase Bank, National Asso- boxes, clothes, and appliances. #406 the time of purchase. Extra Space Stor- NOTICE IS HEREBY GIVEN THAT THE ciation by assignment; and, JPMorgan Misc. Notices Marsha Turner. age reserves the right to refuse any bid. UNDERSIGNED WILL SELL, TO SATISFY Chase Bank, National Association, as Purchases must be made with cash only Sale is subject to adjournment. LIEN OF THE OWNER, AT PUBLIC SALE the current holder of said Deed of Trust Shelby County and paid at the time of sale. All goods Mar. 31, 2012 Mhn11236 BY COMPETITIVE BIDDING ON APRIL (the “Holder”), has appointed as Substi- are sold as is and must be removed at 11, 2012 AT 11:15 A.M. AT THE EXTRA tute Trustee the undersigned, , any of the time of purchase. Extra Space Stor- PUBLIC NOTICE SPACE STORAGE FACILITY LOCATED AT: whom may act, by instrument filed for NOTICE OF PUBLIC SALE OF age reserves the right to refuse any bid. NOTICE IS HEREBY GIVEN THAT THE 7954 Patriot Cove, Cordova, TN 38018 record in the Register’s Office of Gibson PERSONAL PROPERTY Sale is subject to adjournment. UNDERSIGNED WILL SELL, TO SATISFY 901-757-9177. County, Tennessee with all the rights, Notice is hereby given that the under- Mar. 31, 2012 Mhn11228 LIEN OF THE OWNER, AT PUBLIC SALE THE PERSONAL GOODS STORED powers and privileges of the original signed will sell, to satisfy lien of the BY COMPETITIVE BIDDING ON APRIL THEREIN BY THE FOLLOWING MAY Trustee named in said Deed of Trust; owner, at public sale by competitive NOTICE OF PUBLIC SALE OF 10, 2012, AT 9:45 AM AT THE EXTRA INCLUDE, BUT ARE NOT LIMITED TO therefore, NOTICE is hereby given that bidding on April 11, 2012 at 9:30 A.M. PERSONAL PROPERTY SPACE STORAGE FACILITY LOCATED AT: GENERAL HOUSEHOLD, FURNITURE, the entire amount of said indebtedness at the Extra Space Storage facility Notice is hereby given that the under- 2673 MT MORIAH TERRACE MEMPHIS, BOXES, CLOTHES, AND APPLIANCES. has been declared due and payable located at: signed will sell, to satisfy lien of the TN 38115, PHONE NUMBER 901-362- S . G REEN C ONSTRUCTION S OLUTIONS as provided in said Deed of Trust by 2010 W. Poplar Ave owner, at public sale by competitive 9360. THE PERSONAL GOODS STORED - UNIT #206 the Holder, and the undersigned as Collierville, TN 38017 bidding on April 10, 2012 at 11:00 THEREIN BY THE FOLLOWING MAY LARRY HOOVER - UNIT #206 Substitute Trustee, or a duly appointed 901.853.6382 AM at the Extra Space Storage facility INCLUDE, BUT ARE NOT LIMITED TO LORENCE HOOVER - UNIT # 206 attorney or agents by virtue of the power The personal goods stored therein by located at: 5675 Summer Ave Memphis GENERAL HOUSEHOLD, FURNITURE, PURCHASES MUST BE MADE WITH and authority vested by the Appointment the following may include, but are not TN 38134 901-372-6180 BOXES, CLOTHES, AND APPLIANCES. CASH ONLY AND PAID AT THE TIME of Substitute Trustee, will on Thursday, limited to general household, furniture, The personal goods stored therein by SAKATA OATIS #531, RAJA OMAR #846, OF SALE. ALL GOODS ARE SOLD AS IS April 19, 2012 commencing at 12 pm boxes, clothes, and appliances. the following may include, but are not CHARLES DOUGLAS C3407, MICHAEL AND MUST BE REMOVED AT THE TIME at the south door of the Gibson County Molly Reeves Realty #542 limited to general household, furniture, COPPAGE #A7708, KIMBERLY HUDSON OF PURCHASE. EXTRA SPACE STORAGE Courthouse, 2004 North Court Square, Eugene Gooch #542 boxes, clothes, and appliances. LYDIA #B9307 PURCHASES MUST BE MADE RESERVES THE RIGHT TO BID. SALE IS Trenton, TN; sell to the highest bidder for Heath Gooch #542 GOODMAN #E006A, MICHAEL GUTH- WITH CASH ONLY AND PAID AT THE SUBJECT TO ADJOURNMENT. cash, immediately at the close of sale, Purchases must be made with cash only RIE #F025. Purchases must be made TIME OF SALE. ALL GOODS ARE SOLD Apr. 1, 2012 Mhn11233 the following property to-wit: Beginning and paid at the time of sale. All goods with cash only and paid at the time of AS IS AND MUST BE REMOVED AT THE at a stake in the center of the old Key are sold as is and must be removed sale. All goods are sold as is and must TIME OF PURCHASE. EXTRA SPACE NOTICE OF PUBLIC SALE OF Corner Road, (which lays South of the at the time of purchase. Extra Space be removed at the time of purchase. STORAGE RESERVES THE RIGHT TO PERSONAL PROPERTY Mount Orange-Trenton Road), said stake Storage reserves the right to bid. Sale Extra Space Storage reserves the right REFUSE ANY BID. SALE IS SUBJECT TO Notice is hereby given that the under- being the Southwest corner of the Mrs. is subject to adjournment. to refuse any bid. Sale is subject to ADJOURNMENT. signed will sell, to satisfy lien of the Hall Hay tract of land, thence North with Mar. 31, 2012 Mhn11225 adjournment. Mar. 31, 2012 Mhn11231 owner, at public sale by competitive her West line 327 feet to a stake, thence Mar. 31, 2012 Mhn11229 bidding on APRIL 11, 2012 at 11:00AM Westwardly with grantors new South line NOTICE OF PUBLIC SALE OF PUBLIC NOTICE at the Extra Space Storage facility 110 feet to a stake, grantors new interior PERSONAL PROPERTY NOTICE OF PUBLIC SALE OF NOTICE IS HEREBY GIVEN THAT THE located at: corner, thence Southwardly with grant- Notice is hereby given that the under- PERSONAL PROPERTY UNDERSIGNED WILL SELL, TO SATISFY 900 N. GERMANTOWN PKWY ors new East line 324 feet to a stake signed will sell, to satisfy lien of the Notice is hereby given that the under- LIEN OF THE OWNER, AT PUBLIC SALE CORDOVA, TN 38018 in the center of Old Key Road, thence owner, at public sale by competitive signed will sell, to satisfy lien of the BY COMPETITIVE BIDDING ON APRIL 901-757-8988 Eastwardly with Center of the said Road bidding on April 10, 2012 at 9:30AM owner, at public sale by competitive 11th, 2012 AT 11:30 A.M. AT THE EXTRA The personal goods stored therein by 80 feet to the point of beginning. Being at the Extra Space Storage facility bidding on April 10 2012 at 10:30 SPACE STORAGE FACILITY LOCATED AT: the following may include, but are not the same property conveyed to Cristal located at: a.m. at the Extra Space Storage facility 8000 AUTUMN CREEK DR. CORDOVA, TN limited to general household, furniture, Walk from Jeffery Crittendon and wife, 2625 Mt. Moriah Rd. located at: 38016, 901-759-5691. THE PERSONAL boxes, clothes, and appliances. Amanda Crittendon by Warranty Deed Memphis, TN. 38115 7222 Riverdale Bend GOODS STORED THEREIN BY THE FOL- 506-TRAVIES MITCHELL 384-MARIA recorded _____ in ORBV 867, Page 420 (901) 794-1223 Memphis TN 38125 LOWING MAY INCLUDE, BUT ARE NOT PEREZ 317-SIMERIA GREEN 283-SIM- in the Registers Office of Gibson County, The personal goods stored therein by (901) 751-2824 LIMITED TO GENERAL HOUSEHOLD, ERIA GREEN 158-SEAN MURPHREE Tennessee. Map 107 Group__ Parcel the following may include, but are not The personal goods stored therein by FURNITURE, BOXES, CLOTHES AND AP- Purchases must be made with cash only 26.02 Property Address: 28 Mount limited to general household, furniture, the following may include, but are not PLIANCES. THE PROPERTY OF: SIERRA and paid at the time of sale. All goods Orange Road Trenton, TN 38382 Map boxes, clothes, and appliances. limited to general household, furniture, WARD, 352. PURCHASES MUST BE are sold as is and must be removed at & Parcel No.: 107/26.02 PROPERTY Antrecia Mathis #49, James Hodges II boxes, clothes, and appliances. MADE WITH CASH ONLY AND PAID AT the time of purchase. Extra Space Stor- ADDRESS: 28 Mount Orange Road, #151 & #152, Shannon Hussey #267, #40 Lloyd James, #296 Eric Massey, THE TIME OF SALE. ALL GOODS ARE age reserves the right to refuse any bid. Trenton, Tennessee 38382 CURRENT Genevieve Tarango #284, Cheryl Mu- #348 Robert Mayweather, #465 Adam SOLD AS IS AND MUST BE REMOVED AT Sale is subject to adjournment. OWNER(S): Cristal Walk SUBORDINATE hammad #316. Racer, #488 Jameka Diggs, #568 THE TIME OF PURCHASE. EXTRA SPACE Apr. 1, 2012 Mhn11235 LIENHOLDERS: Long Beach Mortgage Purchases must be made with cash only Richard Blair STORAGE RESERVES THE RIGHT TO BID. Company OTHER INTERESTED PAR- and paid at the time of sale. All goods Purchases must be made with cash only SALE IS SUBJECT TO ADJOURNMENT. NOTICE OF PUBLIC SALE OF TIES: N/A All right and equity of redemp- are sold as is and must be removed at and paid at the time of sale. All goods Apr. 1, 2012 Mhn11224 PERSONAL PROPERTY tion, statutory or otherwise, homestead, the time of purchase. Extra Space Stor- are sold as is and must be removed at Notice is hereby given that the under- and dower are expressly waived in said age reserves the right to refuse any bid. the time of purchase. Extra Space Stor- PUBLIC NOTICE signed will sell, to satisfy lien of the Deed of Trust, and the title is believed Sale is subject to adjournment. age reserves the right to refuse any bid. NOTICE IS HEREBY GIVEN THAT THE owner, at public sale by competitive to be good, however, the undersigned Mar. 31, 2012 Mhn11226 Sale is subject to adjournment. UNDERSIGNED WILL SELL, TO SATISFY bidding on April 11th, 2012 at 11:45AM will sell and convey only as Substitute Mar. 31, 2012 Mhn11230 LIEN OF THE OWNER, AT PUBLIC SALE at the Extra Space Storage facility Trustee. The sale will be held subject NOTICE OF PUBLIC SALE OF BY COMPETITIVE BIDDING ON APRIL 11, located at: to any unpaid taxes, assessments, PERSONAL PROPERTY PUBLIC NOTICE 2012 AT 10:00 AM AT THE EXTRA SPACE 3175 N. GERMANTOWN RD rights-of-way, easements, protective Notice is hereby given that the under- NOTICE IS HEREBY GIVEN THAT THE STORAGE FACILITY LOCATED AT: 2855 BARTLETT, TN 38133 covenants or restrictions, liens, and signed will sell, to satisfy lien of the UNDERSIGNED WILL SELL, TO SATISFY N. HOUSTON LEVEE RD. CORDOVA TN 901-386-5746 FAX 901-386-8094 other superior matters of record which owner, at public sale by competitive LEIN OF THE OWNER, AT PUBLIC SALE 38016 901-372-9522. The personal goods stored therein by may affect said property; as well as any bidding on April 10, 2012 at 10:45 BY COMPETITVE BIDDING ON APRIL 10, THE PERSONAL GOODS STORED the following may include, but are not prior liens or encumbrances as well as AM at the Extra Space Storage facility 2012 AT 11:45 PM AT THE EXTRA SPACE THEREIN BY THE FOLLOWING MAY limited to general household, furniture, priority created by a fixture filing; and/ located at: STORAGE FACILITY LOCATED AT: INCLUDE, BUT ARE NOT LIMITED TO boxes, clothes, and appliances. or any matter that an accurate survey of 7301 Winchester Rd. 4994 RALEIGH-LAGRANGE GENERAL HOUSEHOLD, FURNITURE, H332 Ken Allen, K383 Teresa Baum- the premises might disclose. If the U.S. Memphis TN 38125 MEMPHIS, TN. 38128 BOXES, CLOTHES, AND APPLIANCES. gartel, G364 Teresa Baumgartel, M520 Department of Treasury/IRS, the State (901) 759-1736 901-388-9272 #386 PAMELA ATKINS, #375 KIMBERLY Caroline Johnson. of Tennessee Department of Revenue, The personal goods stored therein by THE PERSONAL GOODS STORED SHAW, #429 VICKY H. THOMAS, AND Purchases must be made with cash only or the State of Tennessee Department the following may include, but are not THEREIN BY THE FOLLOWING MAY #440 ERIC SPARROW PURCHASES and paid at the time of sale. All goods of Labor and Workforce Development limited to general household, furniture, INCLUDE, BUT ARE NOT LIMITED TO MUST BE MADE WITH CASH ONLY are sold as is and must be removed at are listed as Interested Parties in the boxes, clothes, and appliances. GENERAL HOUSEHOLD, FURNITURE, AND PAID AT THE TIME OF SALE. ALL the time of purchase. Extra Space Stor- advertisement, then the Notice of this Dr. Dennis Carrigan #174 BOXES, CLOTHES, AND APPLIANCES. GOODS ARE SOLD AS IS AND MUST BE age reserves the right to refuse any bid. foreclosure is being given to them and Will Young #260 B012 SETH MILLER, B029 JOE ARM- REMOVED AT THE TIME OF PURCHASE. Sale is subject to adjournment. the sale will be subject to the applicable Will L. Young #260 STRONG, C054 ANTONIO CLEAVES, EXTRA SPACE STORAGE RESERVES THE Apr. 1, 2012 Mhn11237 governmental entities` right to redeem Natalie Wilson #274 D007J RONALD PETTY, D011K JASMINE the property, as required by 26 U.S.C § 1st Class Montessori #280 JENNINGS, E030 JACQULINE BROWN, 7425 and T.C.A. § 67-1-1433. The sale Evelyn Hibbler #280 E030 JACQUELINE BROWN. will be conducted subject (1) to confirma- Latrey Smith #311 PURCHASES MUST BE MADE WITH tion that the sale is not prohibited under Quarles Moving Service #438 CASH ONLY AND PAID AT THE TIME the U.S. Bankruptcy Code and (2) to final W. Isaac Luboti c/o Quarles Moving OF SALE. ALL GOODS ARE SOLD AS IS The Memphis News confirmation and audit of the status of Service #438 AND MUST BE REMOVED AT THE TIME The Memphis News the loan with the holder of the Deed of Florence Nelson #489 OF PURCHASE. EXTRA SPACE STORAGE Trust. The notice requirements of T.C.A. Willie Barnett #802 RESERVES THE RIGHT TO BID. SALE IS www.memphisdailynews.com §35-5-117 were satisfied prior to the first Purchases must be made with cash only SUBJECT TO ADJOURNMENT. 3 publication of the Notice of Substitute and paid at the time of sale. All goods Mar. 31, 2012 Mhn11234 Call 68 -NEWS Trustee`s Sale. Substitute Trustee are sold as is and must be removed at 42 March 31-April 6, 2012 www.thememphisnews.com

opinion

Much at Stake With A Swing in the Right Direction Last week highlighted Porter- and the cost per child is only $55 for a Health Care Debate Leath, which is an organization empow- nine-week session with many children ering children and families to achieve a receiving partial or full scholarships. healthy, optimal, and independent life- The key to success is that the First s we wait for a U.S. Su- different health care insurance plans style. This week let us discuss a nonprof- Tee of Memphis is first and foremost a preme Court ruling that for employees to choose from because it that is impacting the lives life-skills organization. The will determine the future the existing plan has come to cost too of young people by provid- focus is on teaching youth of national health care much. ing educational programs skills that allow them to face reform, it is important to The Affordable Care Act is a foot- that build character, instill challenges at home, school Akeep a broader perspective on the issue. hold on a climb with an ascent that is life-enhancing values, and and play in a construc- With all of the issues that rightfully still being debated. At times even the promote healthy choices tive manner that includes belong before the highest court in the destination has been in question. through the game of golf: problem solving, managing country, let’s remember that there is The stakes are too high to draw the The First Tee of Memphis. time, controlling emotions, still a health care system that many normal partisan line somewhere in the Founded in 1991 by Jeremy Park working well with others, Americans cannot afford to use. discussion and then conduct the nor- Charles Hudson, the First giving back living a healthy lifestyle and And the system is increasingly too mal game of tug of war with the normal Tee of Memphis uses golf improving relationships – all difficult for most of us – no matter what combatants. as a catalyst for character and life-skills seamlessly through golf. Mentorship and our income or social status may be – to When the U.S. Supreme Court rules, building, as well as providing an outlet access to a lifelong sport that is known navigate alone. it is essential that the pursuit of afford- for inner-city youth to learn and enjoy to open doors in the corporate world If you find yourself seriously ill or able health care continue with the les- the sport, regardless of their financial become icing on the cake. injured, your first thought after you sons learned from the legal fight as well situation. The organization works with As testimony of their impact, they come to terms with what has happened as what has happened to date as the youth ages 5 to 18 from all over the Mid- were awarded the 2011 Golf Digest will be whether you can afford the Affordable Care Act has unfolded. South and has become recognized as Award for the Best Municipality in the medical care necessary to fully recover. What we have in the way of a spe- one of the most diverse nonprofits from Country. Another neat success is help- And if you are able to fully recover, cific goal is not that unique in political both a racial and economic perspective. ing Manassas High School create a golf how deep in debt could you be as a thought – it is a moving target. Health More than 200 kids participate locally team, then coach them to second place result? care reform can’t happen all at once. each year in their programs and, so far, in their division. That is a fact that no court ruling, So it has begun with a phased-in ap- debate on the floor of Congress or press proach that has brought to the surface more than 4.7 million youth have partici- Getting engaged with the First Tee conference with a slogan printed over unintended consequences as well as pated in the First Tee programs nation- of Memphis is fun and easy. Take a tour and over on a backdrop can change. deliberate reactions. ally through 750 program locations. of their facility or consider serving as a A Supreme Court ruling will not There are unwilling partners, un- Located at 974 Firestone Ave., the board member, coach, mentor or volun- settle that and allow us to walk into a easy alliances and legitimate concerns site of the old Firestone tire plant near teer. On April 9 they have their Inaugural carefree future. about the impact these changes will Downtown, the First Tee of Memphis is Day After the Masters event at Mirimichi. The quality of our health care and have on the economy – job creation in revitalizing 92 acres, slowly turning it Visit www.thefirstteememphis.org or working for an employer that provides particular – and continuing medical into an 18-hole golf course. They already contact their Executive Director, Nyrone health care coverage are issues that innovation. have a 450-yard driving range with Hawkins at 526-1480 or nhawkins@ promise to remain linked for some time Our task going forward is to learn multiple chipping and putting greens thefirstteememphis.org for more infor- to come. from the consequences and reactions that will soon be open to the public. mation. Their facility provides a positive, safe That means the concerns employ- and let that along with the court ruling Jeremy Park, director of communica- ees have about health care and its cost to come guide the next steps to a better place for youth, who are surrounded tions at Lipscomb & Pitts Insurance and are shared by employers. and fairer health care policy that gets us by caring adults in structured environ- director of the Lipscomb & Pitts Breakfast Neither enjoys what is at some com- closer to a goal that remains in search ment. Programs take place after-school, Club, can be reached at jeremyp@lpinsur- panies an annual ritual of rolling out of a better path. on weekends, and during the summer ance.com.

Statues Give City Glimpse of Our Rich Art, History

STANDING FOR HISTORY. York, in ways we’re often too shortsight- The Doughboy still advances against She’s tall and proud, sole representa- ed to observe ourselves. tyranny and Boss Crump still greets you tive of an all-but-forgotten people, stand- In college, one of my drive-by majors at the entrance in a truly great great- ing alone where hundreds once lived in was art, and while absence of talent coat. Our history and our storied dead a village, where thousands once thrived moved me on to other things, I was and are magnificently marked in an 80-acre in a nation. She nobly bears the weight remain fascinated by art history. Art sculpture garden called Elmwood. There MEMPHASIS of the loss of all of that, wrapped in skins dan conaway doesn’t just show us, it tells us, moves are many more long-standing examples against the lonely chill of that, and in im- us, and, after a long absence and thanks to ages of all that has come to pass since the Metal Museum forges imagination surprises, comforts and frightens UrbanArt, an increasing number of new her time. Silently and beautifully, she and the abandoned marine hospital is us. The vision of one, shared with many. and intriguing ones are rising. tells her story. haunted by its own potential. Where the The inspiration of one, inspiring some, Visit Legacies and take your kids. See She is Chickasaw. She is us. ceremonial mounds of her people stand baffling others, challenging all. Art trans- if you can figure out the imagery. Play In her skirts, a young W.C. Handy sentinel over the father of waters. Where ports and transcends. on ancient mounds later serving as Civil holds his trumpet, Hernando DeSoto the neighborhood of French Fort lives. Statues are more than part of art his- War battery and magazine. See the big, rides his horse, a bluesman plays his gui- She is a statue called Legacies, a gift tory, they are history art, and Memphis sweeping turn in the river, feel the ghosts tar, Native American, African-American to us all from UrbanArt Commission, has some beautiful public teachers. of long-settled conflict, and, if you have and Hispanic American history in Mem- and she’ll be officially dedicated in late Whether you believe Nathan Bedford room, take me along. phis play across the folds in bas-relief. June. She is the work of Vinnie Bagwell, a Forrest was a Ku Klux Klan founder, a I’m a Memphian, and our public art Across her shoulders are the names of self-taught African-American sculptress slave trader, or a great cavalry officer, stands for us. the Chickasaw villages, including the one whose vision charmed the selection facts are, he was all of those, part of Dan Conaway, a lifelong Memphian, that stood where she does in Chickasaw committee and won the commission. history and part of us, and his equestrian longtime adman and aspiring local char- Heritage Park. Where That vision allowed her to see our rich statue is one of the finest examples of acter in a city known for them, can be and Fort Pickering once stood. Where heritage from her studio in Yonkers, New the genre anywhere. In , reached at [email protected]. www.thememphisnews.com March 31-April 6, 2012 43

Benefiting Literacy Mid-South Sponsored by The Daily News Order tickets online at literacymidsouth.org or call 901-327-6000. Also Sponsored by:

Table of 10 (includes 3 Spelling Bee Participants) $400 / Individual tickets $35 / Beer, wine, and food included. Teams will compete for prizes in a wacky game show format while supporting the efforts of Literacy Mid-South. 2012 SEMINAR SERIES

THURSDAY, APRIL 5TH HEALTH CARE REFORM

@ 3:30 PM, BROOKS MUSEUM AUDITORIUM

KEYNOTE SPEAKER GREG ANDERSON Horne LLP

PANELISTS

ANGELA YOUNGBERG Rainey Kizer Reviere & Bell P.L.C. PHILIP JOHNSON Argyle Benefits MICHAEL LACHINA MD, MMM, CPE St. Francis Healthcare

Healthcare reform remains a hot topic with new rules and regulations taking effect each year through 2013. We’ll take a look at the impact the legislation is having and what we can expect in 2012-2013. Wine and Cheese Reception to follow. $25 to register at www.memphisdailynews.com/seminar

2012 SEMINAR CALENDAR JUNE AUG SEPT NOV 7 2 20 1 MONEY & SUSTAINABLE BUSINESS OF COMMERCIAL REAL ESTATE MARKETS ENERGY HEALTHCARE REVIEW & FORECAST