March 1-7, 2013, Vol. 6, Issue 10 Emphasis: Financial Services

A new era in Memphis’ financial services industry includes name changes and growth at small and large firms alike.

PAGE 14

Shelby • Fayette • Tipton • Madison

South Main’s New Life South Main’s era of rebirth highlighted by $100 million cash infusion PAGE 18

Photo: Lance Murphey A trolley passes through the South Main Historic Arts District, an area that has undergone numerous periods of growth and stagnation. The current era of rebirth incudes upward of $100 million in investment from public and private entities that are bringing a variety of bars, restaurants and shops to the historic neighborhood.

12 Sports The Grizzlies backed up their “grit and grind” persona during a 25-point comeback win against Dallas. Now they face a brutal stretch of road games.

weekly digest: page 2 education: pageS 20-21 real estate: pages 22-23 law talk: page 24 EDITORIAL: page 34

A Publication of The Daily News Publishing Co. | www.thememphisnews.com 2 March 1-7, 2013 www.thememphisnews.com

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

The Memphis News | almanac

Olymbec USA LLC acquired the 219,557-square-foot Brinkley Buys Again in Memphis Plaza at 80 Monroe Ave. from a partner- march 1-7 ship made up of entities related to local This week in Memphis history: Olymbec USA LLC has acquired 40,000 commercial real estate groups CB Richard square feet of land and three small shed Ellis Memphis and Loeb Properties Inc. >>>>> 2012: Republican presidential contender and former buildings totaling 12,000 square feet at 373 The acquisition brings the firm’s total U.S. Sen. Rick Santorum made a campaign stop in W. Brooks Road through a January auction Memphis portfolio to about 2.5 million Memphis in advance of the Super Tuesday Tennes- from the Estate of George E. Smith for square feet. Klumack said Olymbec will see presidential primary, attending services at Bel- $50,600. continue to search for chances to expand levue Baptist Church on one side of Germantown Olymbec USA is an entity of Montreal- its footprint here. Parkway in Cordova and then Mass at St. Francis based Olymbec Corporate Group. The “It’s a market that is really attractive to Rick Santorum of Assisi Catholic Church. He didn’t speak at either made a campaign family-run, private real estate investment us and it’s a market that we’re looking to be church. Santorum carried Shelby County in the stop here in 2012. firm entered the Memphis market in 2004 very strategic in and find the right oppor- GOP primary as well as the state of Tennessee. with its purchase of a 500,000-square-foot tunities,” Klumack said. distribution center in Southaven at 8800 >>>>> 2008: The worst mass murder in the modern history of Memphis Rostin Road. unfolded as police found the bodies of four adults and two children at In February 2011, Olymbec bought 722 Lester St. Three other children were wounded but survived, and the 1.1 million-square-foot Space Center Memphis Not Miserable one identified his uncle, Jesse Dodson, as the attacker. portfolio at 3051-3133 Tranquility Drive In Eyes of Forbes from Trammel Crow Co. for $7.3 million. 1973: On the front page of The Daily News, The Memphis Area The land and buildings at 373 W. Brooks, at Memphis has landed on a lot of lists >>>>> Chamber of Commerce put up the last $8,570 needed to complete the corner of Brooks and Gemini Drive, are over the years, some of them positive, lots funding for a $25,000 study of an expansion and doming of the adjacent to the Space Center facilities. of them cringe-inducing for Memphians 50,000-seat Liberty Bowl Memorial Stadium. The Shelby County Quar- “It was really a strategic purchase to and many of them based on seemingly terly Court had earlier turned down the funding request. secure more land and buildings around arbitrary findings. our Space Center,” said Justin Klumak, Forbes’ Most Miserable Cities list is 1819: James Brown and his surveying team reached the bluff of Olymbec director of acquisitions and one that’s particularly drawn the ire of >>>>> the Mississippi River to determine the boundaries of the Rice tract, development. “We’ll probably end up Memphians, including Memphis Mayor land granted the late Revolutionary War soldier John Rice, bought by a knocking them down at one point. Our A C Wharton Jr. In 2010, when the city group of business and political leaders in the eastern part of the state plan in buying it is just to clean up the area was given a prominent spot on the list, to develop as the town that would become Memphis. (From: “The around our main entrance to our park.” Wharton wrote an open letter to Forbes Founding of Memphis 1818-1820” by James Roper) In July, Olymbec purchased a Inc. CEO Steve Forbes in response. “The 157,000-square-foot, Class C industrial sun shines here 230 days a year,” he wrote. warehouse at 3615 Lamar Ave. from Mi- “Memphis is a city of joy.” ami-based loan servicer LNR Partners LLC Memphis has been steadily slipping for $1.5 million. And in October, Olymbec down the list in the years since, and this

TRUST EXPERIENCE

Beth Bell, Senior VP Paulette Bukauskas, VP George Pappas, President Kristen Sears, VP Brent Westbrook, AIF® , VP Trust Officer Auditor Trust Officer Trust Operations Manager Business Development Since 1998 Since 2001 Since 1996 Since 2003 Since 2001

You need investment guidance you can trust because your legacy and personal finances demand it.

Argent has roots tracing back to 1930 and has been serving the Memphis area since 2009. Come see one of our professionals who, with decades of experience, can help you or your organization plan for your current and long term financial needs.

Give us a call today at 901.767.3103 to find out how Argent Trust can help you design the right investment management plan for you, your family, your company, or your institution.

6075 Poplar Avenue, Suite 702 • Memphis, TN 38119 • 901.767.3103 www.thememphisnews.com March 1-7, 2013 3

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

year, apparently happiness abounds. Be- Pride and Merita breads. broadband and network service business partnered with the Mid-South Food Bank, cause Memphis, for the first time in recent An auction will still be held Thursday since 1989 but has shifted its primary focus donating more than $1,400 and about 600 memory, is not on the dreaded Forbes list for a separate $30 million bid by Flowers to the student housing industry for the last food items to the nonprofit group. of miserable cities at all. for Beefsteak. The source said a compet- three years. The company currently serves The partnership is part of Orion’s ing offer for that brand was submitted communities owned by American Cam- community involvement program Orion by Mexico’s Grupo Bimbo, which makes pus Communities, Landmark Properties, Gives Back that was launched in January Thomas’ English muffins and Entenmann’s Campus Crest Communities and Preiss 2012. Each month, Orion chooses a local First Tennessee Honored cakes. Properties, and has forecasted student nonprofit to be the focus of their giving For Treasury Management Any sales would be subject to approval housing customer growth of 90 properties initiative. The goal is to work with the by a bankruptcy court on March 19. by the end of 2014. organizations and help provide for them First Tennessee Bank’s treasury man- Hostess has also picked opening bid- Scott P. Casey, EdR’s chief technology and their needs in any way possible while agement services have won the bank plau- ders, known as a “stalking horse,” for its officer, will work with Elauwit Networks creating a long-lasting partnership. dits in the 2013 Phoenix-Hecht Treasury snack cakes. CEO Barry Rubens as a board member and The Mid-South Food Bank serves more Management Quality Index in the middle A joint offer from two investment firms as co-chairman of a newly created com- than 300 charitable feeding programs in market banking segment. – Metropoulos & Co. and Apollo Global mittee to support the partnership. 31 Mid-South counties in West Tennessee, The top grades were awarded by Management LLC – was picked as the lead EdR is a Real Estate Investment Trust East Arkansas and North Mississippi. senior financial executives responsible for bid for Twinkies and other snack cakes. that owns or manages 67 communities managing their companies’ bank relation- Hostess CEO Greg Rayburn has said he ex- in 24 states with more than 37,000 beds ships for treasury management services pects that auction to be “wild and wooly.” within more than 12,500 units. in categories including customer service, McKee Foods, which makes Little Deb- McGriff Retires From product features and overall relationship bie snack cakes, was picked as the lead Drug Task Force manager effectiveness. bidder for Drake’s cakes, which include It’s not the first time this year First Devil Dogs, Funny Bones and Yodels. The ‘Elvis: Live From Vegas’ David N. McGriff, the director of the Tennessee’s treasury management services deadline to submit competing offers for To Open at Graceland West Tennessee Violent Crime and Drug have been recognized. the snack cakes isn’t until mid-March. Task Force as well as chief investigator for Earlier this year, First Tennessee won Flowers Foods, based in Thomasville, A new exhibit called “Elvis: Live from the Criminal Investigative Division of the top customer satisfaction honors from Ga., makes Tastykakes and breads includ- Vegas,” is opening Tuesday, March 5, at Shelby County District Attorney General’s Greenwich Associates in both the national ing Nature’s Own. Graceland and will allow audiences to office is retiring. and regional categories for treasury man- Representatives for Flowers Food and experience Las Vegas through the eyes of McGriff has 44 years of law enforce- agement in the 2012 Greenwich Excellence Grupo Bimbo did not immediately return Elvis Presley. ment experience. He started in Shelby Awards for U.S. middle market and small calls for comment. The exhibit will feature part of the County as a criminal investigator for the business banking. Taken together, Hostess has said its six 30-foot marquee Col. Parker had made to prosecutor’s office in 1976 and in 2007 bread brands generated just under $1 bil- stand outside the New Frontier Hotel in became chief criminal investigator as well lion in sales last year, with Wonder bread 1956 and the first jumpsuit worn on-stage as director of the task force. accounting for about half of that. by Elvis in 1970. Before coming to Memphis, he had Wonder Bread Sale Flowers Foods, which generates about Other suits in the exhibit include Elvis’ been a police officer with the Washington Nearing Completion $3 billion in annual sales, said it expects Leather and Chains suit, worn in August of metropolitan police department. the deals to add to its earning this year. 1970 during his Las Vegas engagement and McGriff is also a former supervisor of Wonder bread could start appearing in The company plans to finance the deal prominently featured in his first concert the U.S. Drug Enforcement Administra- school lunchboxes again soon. through a mix of cash and debt. documentary “Elvis: That’s The Way It Is;” tion’s drug task force and a deputy com- A person familiar with the situation Elvis’ three-piece Spanish Flower suit worn missioner for the Tennessee Department says a bid by Flowers Foods to buy Wonder in 1972 that was an alternative to one of of Safety. and several other bread brands from bank- the jumpsuits he wore in Las Vegas; Elvis’ rupt Hostess was met with no competing EdR Purchases Interest “I Got Lucky” jumpsuit that was worn in offers. The individual requested anonymity In Elauwit Networks 1970 in various cities including Las Vegas, because the auction process is private. Oakland, Tampa and Los Angeles and can House Sends Parking Lot Hostess hasn’t been making any of its EdR – a Memphis-based owner, devel- be seen on the cover of the 1971 “I Got Guns Bill to Governor cakes and breads since late November, oper and manager of collegiate housing Lucky” album. when the company announced it was go- – has purchased a 10 percent interest in Guests will also be able to view rare The House has voted to send to the ing out of business and shuttered its plants Elauwit Networks, a Charleston, S.C.- artifacts including hotel receipts and show governor’s desk a bill to allow the state’s after years of financial struggles. based provider of Internet access, high- memorabilia. nearly 400,000 handgun carry permit hold- One of those plants that was closed in definition video and telephone service. ers to store firearms in their vehicles no November was the Downtown Memphis While the initial investment for this matter where they are parked. Wonder Bread plant. minority interest was nominal for EdR, The chamber voted 72-22 to pass the More than 250 workers reportedly were it provides a variety of potential benefits Orion Federal Credit Union measure sponsored by Republican Rep. affected locally. including reduced network operating costs Partners with Food Bank Jeremy Faison of Cosby after rejecting a The $360 million bid by Flowers also and ancillary income. series of Democratic proposals to maintain includes Nature’s Pride, Butternut, Home Elauwit Networks has been in the Orion Federal Credit Union has business owners’ rights to ban weapons on

Talking to your baby Call for an appointment today! 901.685.5008 helps her brain develop. A Patient’s View: And she won’t contradict you “Dr. Castle is a fantastic dentist. I never waited to see him longer than a few until she’s at least 3. minutes. He gives great personal attention.”

William N. Castle, D.D.S. general dentistry Go to TUCI.org for a copy of the Parents Guide to Kindergarten Readiness. 79 n. cooper (in midtown) • memphis, tn 38104 4 March 1-7, 2013 www.thememphisnews.com

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

their property and to create exceptions for Institute of Architects, the highest honor door arts garden and performance plaza. the city being the local half. schools and colleges. bestowed on a person outside the archi- Construction is planned to commence The $239,665 is the latest in a series of House Speaker Beth Harwell told tecture profession. in October with an expected placed-in- payments of the county’s part of the local Republican colleagues before the vote that Membership is granted only if the ac- service date in November 2014. match over several fiscal years totaling members of the business community are complishments of the nominee are truly Also appearing before the DRB is Bass nearly $1.8 million. “holding their nose” over property rights outstanding and of national significance. Pro Shops Outdoor World, which has a The city of Memphis share of the local concerns about the measure. During her 10-year tenure as execu- construction application for building match has been $1.7 million so far with Republican Gov. Bill Haslam has raised tive director of AIA Memphis, Koury has renovation and site improvements at The an additional $91,555 due. concerns about the measure in the past, enhanced the chapter’s programming and Pyramid, 1 Auction Ave., as well as an The commission also approved a but has not said whether he will sign the its involvement in community outreach exterior signage package that includes $88,700 contract with Allen & Hoshall Inc. bill into law. programs, including the Distinguished 5,490-square-foot logos for all four sides to develop a facility master plan for the Architects of the World speakers series, of the structure. Shelby County Health Department. the Discovering Architecture summer The DRB also will discuss window And the body approved $42,000 in day camp for high school students, and graphics and internally-illuminated funding for acquisition and closing costs US Unemployment Aid the Junior Girl Scout Architecture Badge monument sign for Beale Street Landing’s for right of ways and easements for the Claims Drop to 344K Camp. signage at 251 Riverside Drive. The ap- Woodland Hills detention basin project Also under her leadership, education plication shows a lighted, rotating paddle in the Grays Creek area. The project site The number of Americans seeking un- grants to the chapter have increased by wheel for Riverside Grill Sunset Bar. is east of Houston Levee Road between employment aid fell 22,000 last week to a 500 percent. The DRB meets at 4 p.m. in the DMC Humphreys and Macon roads. seasonally adjusted 344,000, evidence that Building on the AIA150 national initia- office, 114 N. Main St. The commission also approved a the job market may be picking up. tive to encourage communities to focus resolution urging the state to improve The four-week average of applica- on legacy projects, Koury shepherded its share of funding to the Shelby County tions dropped 6,750 to 355,000, the Labor a number of projects: the Memphis Re- Public Defender’s office. Department said Thursday. gional Design Center, the Paul R. Williams County Commission Pays Meanwhile, the commission approved Economists were mildly encouraged Project and ArchiTree, an interactive Road Project Installment the appointment of eight citizens to a by the decline. It “suggests further heal- genealogy of the Memphis architectural Juvenile Justice Consortium that is part of ing in the labor markets,” Sal Guatieri, an community. The Shelby County Commission ap- the settlement among Memphis-Shelby economist at BMO Capital Markets, said in She is currently working to establish a proved Monday, Feb. 25, paying $239,665 County Juvenile Court, county govern- a note to clients. Memphis-based design alliance, com- in county capital funding for the local ment and the U.S. Department of Justice Stronger hiring is one of the reasons plete a retrospective on the architectural match on the $7.1 million realignment over due process problems at the court. economists expect growth is probably history of Memphis, and create a bike of North Parkway and Jackson Avenue at The consortium is outlined in the picking up in 2013 after a disappointing tour of the city’s significant architecture their intersection with Danny Thomas agreement as the citizens group that will October-December quarter, when the and historic neighborhoods. Boulevard in Uptown. keep the community informed of the economy barely grew. Koury was also the 2012 recipient of The Tennessee Department of Trans- progress Juvenile Court makes in imple- Weekly applications are a proxy for the AIA Component Executive Leadership portation project was a 50-50 split with menting the reforms. layoffs. When they decline, it suggests Award. companies are cutting fewer workers and may be more willing to hire. Applications have fallen steadily in recent weeks. The four-week average has Design Review Board To declined almost 11 percent since Novem- Discuss Artspace, Bass Pro ber. At the same time, employers have add- ed an average of 200,000 jobs per month The Downtown Memphis Commis- from November through January. That’s up sion Design Review Board will discuss from about 150,000 in the previous three three major concepts at its Wednesday, months. March 6, meeting. The drop in applications suggests com- There is a construction application panies will add more jobs in February than for Artspace Projects Inc.’s South Main in January, economists said. Artspace Lofts, an adaptive reuse of the former United Warehouse at 138 St. Paul Ave. behind The Arcade Restaurant. The $12.5 million project will also in- AIA Memphis Director clude the new construction of a building Given Honorary Membership over what is currently a parking lot with 44 live/work spaces, as well as more than Heather Baugus Koury was recently 20,000 square feet of commercial space, named Honorary AIA for The American which includes gallery space and an out-

Friday at 7:00pm WKNO Friday at 7:30pm WKNO2 Sunday at 8:30am WKNO www.thememphisnews.com March 1-7, 2013 5

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

Rick Masson Joins available daylight to calculate and provide Caissa Public Strategy only the amount of needed electricity for proper lighting. Rick Masson has joined Caissa Public Bob McBride, president of State Sys- FROM THE BLOG Strategy LLC as senior director, serving tems, said in a release that using Green as a lead strategist on local and regional Ballast saves his firm 62 percent a year in projects. lighting energy costs. ‘This Honorable Body’ Gives Names Masson comes to Caissa with 23 years Publically traded since April, Green of experience working for the city of Ballast has added several clients to its To Reconstruction-Era Tenn. Legislators Memphis, where his roles included finance portfolio in recent months, including director and chief administrative officer. Tommy Bronson Sporting Goods, Belz Editor’s Note: “From the Blog” is a weekly feature that highlights Most recently, Masson operated his Enterprises and Healthcare Trust of some of the enterprising work our staff and contributors post on The own private consulting firm that special- America Inc. ized in strategic planning and project Daily News blog, blog.memphisdailynews.com. management services to public agencies, BILL DRIES | The Memphis News nonprofit organizations and private cor- porations active in the government sector. Courtney to Speak The firm served as a catalyst in stimulat- At HopeWorks Event ne of the undercurrents of the ongoing Nathan Bedford ing private investment in public projects and providing solutions to budgetary and Memphis-based HopeWorks Inc. is OForrest Park controversy is the idea by some but not all operational challenges faced by public hosting its fifth annual Morning of Hope of Forrest’s admirers and defenders that the Ku Klux Klan, of enterprises. breakfast and fundraising event next Caissa, run by lawyer and former month at Woodland Hills Event Center in which Forrest was the first Grand Wizard, was an organiza- Shelby County Election Commissioner Cordova. Brian Stephens, opened in January 2011. The event will be held March 2 from tion that guarded against the excesses of Reconstruction era Stephens told The Daily News in Septem- 8:30 a.m. to 10:30 a.m. at the center, at changes in government. The defense of Forrest includes the ber that the public strategy concept is only 10000 Woodland Hills Drive. Bill Court- about 15 years old and is relatively uncom- ney, former volunteer head football coach idea that “radical Republicans” and “carpetbaggers” were ma- mon in the South compared to areas like of the Manassas High School football nipulating the post-war era and its restrictions on the voting Washington, where firms specializing in team and the subject of the Academy the trade are “on every block.” Award-winning documentary “Undefeat- rights of ex-Confederates to put people into office who were Caissa will host a welcome reception ed” will speak at the event. for Masson on Thursday, March 7, at 5:30 Courtney, a Memphian and chief ex- simply puppets for their interests. p.m. at 125 S. Main St., suite 600. ecutive officer of Classic American Hard- In the aftermath of the Civil War, African-American citizens woods, led the Manassas High School football team to their first winning season were elected to state legislatures and the U.S. House of Rep- to date in 2009. resentatives across the South. The political gains came over Youngberg is New Chair The event will feature a gourmet Of Bar Health Law Section breakfast provided by Sysco and musical a very short period. It was short enough that these elected entertainment, including a performance officials are often footnotes to the later elections of African- Angela Choate Youngberg, an attorney by HopeWorks graduate Stephanie Need- with Rainey, Kizer, Reviere & Bell PLC, is ham. American citizens from the late 1960s into the early and mid the newly elected chair of the health law Tickets are $50 each or $500 per table section of the Tennessee Bar Association. of 10 and may be purchased online by 1970s, approximately 80 years later. Many of those in the later Youngberg leads the health law prac- visiting www.WhyHopeWorks.org or by group have their achievements noted with the caveat that tice group at Rainey Kizer. calling 272-3700, ext. 107. The deadline The state bar association’s health law for all ticket purchases is Feb. 25. they were the first African-Americans elected “since Recon- section focuses on increasing its members’ struction.” Just this week, we used the phrase in referring to knowledge of federal, state and local laws that impact health care professionals and the late A.W. Willis of Memphis, who was the first African- facilities. Fogelman Properties Moves American state legislator in Tennessee since Reconstruction At Rainey Kizer, Youngberg maintains Headquarters to Triad II a diverse health law practice that includes when he was elected to the Tennessee House in 1966. counseling physicians, physician groups, Memphis-based Fogelman Properties hospitals, ambulatory surgery centers, LLC has signed a lease for 12,000 square For more, visit, blog.memphisdailynews.com. nursing homes, medical equipment feet on the second floor of Triad Centre suppliers, nurse practitioners, imaging II, an 110,305-square-foot, Class A office facilities, home health agencies, pharma- building at 6060 Poplar Ave. cies, institutional clients, physical therapy Fogelman Properties is relocating to companies, and other types of health care Triad Centre II from its previous location Senate Majority Leader to expand in Tennessee but for a lack of providers and suppliers on a variety of at 5400 Poplar Ave., where the company qualified employees, and I know of many health care matters. has been headquartered since 1985. Norris Files Job Training Bill Tennesseans who can’t afford to attend Founded in 1963, Fogelman Properties Tennessee Senate Majority Leader school while sacrificing a paying job,” owns and/or manages more than 19,000 Mark Norris, R-Collierville, has filed legis- Norris said. The legislation is drafted so apartment communities in 14 states and lation that would create a new statewide that student wages or other compensation State Systems Installs is led by principals Rick Fogelman and initiative aimed at shoring up workers’ won’t affect eligibility for state need-based Green Ballast Lighting Mark Fogelman. job skills and addressing labor shortages financial assistance or grants. Rick Fogelman said in a release that among Tennessee employers. Norris and his staff consulted with State Systems Inc., a privately owned with 2013 being the 50th anniversary of Norris’ bill creates what would be major employers in Tennessee and other total protection company based in Mem- Fogelman Properties, “the time was right called the Labor Education Alignment area states, as well as overseas, to study so- phis, has installed Green Ballast Inc.’s to make this move,” which will provide Program, or LEAP. The idea is to merge called “cooperative education” programs. light ballasts in its corporate headquar- additional space and further growth ca- traditional college coursework with techni- Students are paid to learn while also ap- ters and warehouse facility at 3755 Cherry pacity going forward. cal training, allowing students at the state’s plying what they learn at work for credit Road. Fogelman was represented by Kelly technology centers and community col- toward a degree. Norris said it’s compa- Green Ballast, led by CEO J. Adams of Truitt and Wendy Bell of the CB Richard leges an opportunity to pair occupational rable to apprentice programs of genera- CB Richard Ellis Memphis, is a developer Ellis Memphis tenant advisory group. The training in a high-skill or high-tech indus- tions past. The difference is this adds a and marketer of energy efficient elec- landlord, Highwoods Properties Inc., was try with academic credit. Students could modern higher education component to tronic ballasts for fluorescent fixtures in represented by John Mercer. apply that experience toward a degree. address what the state’s employers want: the commercial lighting industry. Green Triad II was recently renovated, in- “I’ve met with a number of indus- job candidates with skills needed in today’s Ballast’s ballasts measure and harvest cluding a new entrance and lobby. tries in high-tech manufacturing ready technologically advanced workforce. 6 March 1-7, 2013 www.thememphisnews.com

contributors MARCH 1-7, 2013, VOL. 6, NO. 10 news

COMMUNITY

President & CEO Peter Schutt Kroc Center Opens bill dries Senior Reporter

General Manager Emeritus Government, Transportation/Distribution/Logistics, Ed Rains Education, Manufacturing, Agribusiness 528-5277 | [email protected] To Big Crowds Publisher Eric Barnes MICHAEL WADDELL | The Memphis News Associate Publisher & Executive Editor James Overstreet

Managing Editor Lance Allan Wiedower Salvation Army facility wows visitors

Deputy Managing Editor andy meek Eric Smith Senior Reporter o cap off Healthy Heart Month, the new Associate Editor Banking/Financial Services/Accountants, Markets & Economy, 100,000-square-foot Kroc Kate Simone Economic Development, Small Business, Attorneys/Courts/ T Civil Litigation Center held its open house and 528-5279 | [email protected] ribbon-cutting ceremony last Graphic Designer & Photo Editor Brad Johnson weekend. The state-of-the-art Salvation Graphic Designer & Illustrator Army Ray and Joan Kroc Corps Emily Morrow Community Center has welcomed more than 10,000 visitors in its Senior Production Assistant first few days. Sandy Youngblood “The response from guests has been amazing so far,” said Jona- Production Assistant Laurie Beck SARAH BAKER than Rich, Salvation Army area REPORTER commander of the eight-county Pressman Commercial and Residential Real Estate, Architects/Engi- Memphis metropolitan area. Cedric Walsh neers/Construction, Advertising/PR/Media, Tourism/Hospi- On Monday, Feb. 25, guests tality, Food/Restaurants 521-2464 | [email protected] included Memphis Mayor A C Pressman Pete Mitchell Wharton Jr., Shelby County Mayor Mark Luttrell and Baptist Memo- Pressman rial Health Care Corp. senior vice Robert SHANNON president in corporate counsel Photo: Courtesy of Greg Campbell, Baptist Memorial Health Care Greg Duckett, who faced off in a Baptist Memorial Health Care Corp.’s Greg Duck- ett, Shelby County Mayor Mark Luttrell and Mem- Administrative Specialist treadmill challenge. Marsha Payne phis Mayor A C Wharton Jr. compete in a treadmill “They officially declared it a challenge at the newly opened Kroc Center. tie, but personally I think I won,” Senior Account Executive Janice Jenkins DON WADE joked Duckett. “The real purpose latest treadmills, weight machines and el- SPORTS COLUMNIST of the event is to bring awareness to the liptical trainers, and every piece of equip- Account Executive Kroc Center and, more importantly, the ment can be scanned with a smartphone [email protected] Lucy Blackmon Healthy Memphis initiatives that we are to see instructions on how to use. Every all supporting.” Kroc Center is unique to its community. Advertising Director Ray Kroc, the founder of the McDon- “Before a Kroc Center is ever designed Don Fancher ald’s restaurants, started the foundation or built in a city, there is a needs commit-

Business Development Manager to build Kroc Centers in communities tee study done to look at what the com- Patricia McKinney around the U.S. Seven years ago Memphis munity needs in a particular area,” said was selected as one of the cities to house Rich, who points out the Memphis center Director of Marketing & Circulation a center. Following four years of construc- features a focus on basketball and soccer Donna Waggener tion by general contractor Montgomery instead of tennis. LANCE MURPHEY PHOTOGRAPHER Martin Contractors, the Memphis facility The state-of-the-art facility also Production/Distribution Manager John Buescher opened as the 27th Kroc Center in the features a demonstration kitchen with Weekly features, spot news country. Renaissance Group was the classes led by food services manager [email protected] Controller architect. Quan Anderson, a 300-seat auditorium Pam Mallett Built on the northwest corner of the that can be used for musical and theatri- To reach our editorial department, e-mail: Mid-South Fairgrounds, the facility was cal performances, the FedEx gymnasium [email protected] or call: 901-523-1561 funded by $31 million from the Kroc trust with two full-sized basketball courts, an Published by: and an additional $25 million raised from indoor soccer field, an Olympic-sized THE DAILY NEWS PUBLISHING CO. more than 750 local donors. The center is pool, an aquatic center and the three- 193 Jefferson Avenue Memphis, TN 38103 also endowed with another $55 million to story AutoZone Challenge Center, an in- P.O. Box 3663 run the facility, which will eventually staff teractive problem-solving, team-building Memphis, TN 38173-0663 Tel: 901.523.1561 more than 100 people. Baptist, one of the experience for preschoolers to adults. Fax: 901.526.5813 The Daily News is supportive, including in founding partners in recruiting the Kroc “It really is one-of-a-kind. We are not www.memphisdailynews.com some case being on the boards of, the following Center to Memphis, purchased the equip- aware of anything else like it in the entire The Daily News is a general interest organizations: Literacy Mid-South, Grace St. newspaper covering business, law, Luke's Episcopal School, Wolf River Conservancy, ment and financed the Baptist Memorial country,” Rich said. “The people who government, and real estate and Ronald McDonald House, Great Outdoors Health Care Fitness Center at the Kroc. did the actual theming have worked on development throughout the Memphis University, Tennessee Wildlife Federation, metropolitan area. Temple Israel, St. Jude's, St George's “Baptist, with our focus on the broad- Disney attractions, so when you walk in Independent Schools, Shelby Residential & er health community health care needs, it really feels like you are in a different The Daily News, the successor of the Daily Vocational Svcs, Shelby Farms Park, Calvary Record, The Daily Court Reporter, and The & The Arts, Bridges, Boys & Girls Club of felt that a natural role for us to play in this environment.” Daily Court News, was founded in 1886. Greater Memphis, Binghampton Development endeavor was to help equip the fitness Kids, led by adult leaders, go through Corporation, U of M Journalism Dept., Chickasaw AUDIT PENDING Council Boy Scouts, Memphis Leadership facility,” Duckett said. “It has everything the various challenge areas like the Earth- Foundation, Junior Achievement, Overton Park you could want to see in a modern day quake Room, Boiler Room, Jungle Room Conservancy, The Cotton Museum and WKNO. workout facility.” or Medical Room and complete various Kroc members can work out with the missions. www.thememphisnews.com March 1-7, 2013 7

news

TOURISM ADVERTISING & PR ADDY Awards Boast Creative Industry’s Finest

SARAH BAKER | The Memphis News

he tall ceilings and 100-year-old wood flooring of the historic 409 S. Main St. Tbuilding were right in line with the Ameri- can Advertising Federation Memphis’ 2013 ADDY Awards ceremony, themed beware of “The Creep- ing Boredom.” Producers of creative excellence in local Photo: Courtesy of The Peabody advertising and the disciplines associated with it Twice a day, Anthony Petrina leads The Peabody hotel ducks in their time-honored march. The were recognized Saturday, Feb. 23, at 409 S. Main. routine elicits camera flashes and adoration from tourists and helps preserve the continuity of a The show – hosted by Combustion in conjunc- popular tradition at the hotel. tion with the independent video group Stanley Justice Productions – was inspired by old black- and-white-monster films and included smoke machines and green lights. AAF Memphis presented 72 gold and 76 silver awards during the ceremony, dramatically em- Leading the March ceed by Joshua McLane, with a character loosely based on Bane from 2012’s “The Dark Knight Petrina’s passion for The Peabody shows in duckmaster role Rises.” That was 13 percent more awards distrib- uted this year over last year. Archer-malmo earned the most ADDYs of the ANDY MEEK | The Memphis News night with 25 gold and 12 silver. Archer-malmo was also awarded Best of Show for its “Blounge” and “Winovation” print ads for Southland Gam- ing. Also, Memphis’ largest and oldest full-service wo times a day, every day, The Petrina wanted to work at the of actually being a wild duck,” said Kel- agency won Best of Print, Best of Radio and Best Peabody hotel guests that An- South’s Grand Hotel for as long as he ly Earnest, the hotel’s director of public of Copywriting for Southland’s “Expansion” cam- Tthony Petrina is responsible for can remember. He was persistent in relations. “So we’ll bring them here to paign; Best of Non-Traditional for the Redbirds perform their time-honored routine, applying, and landed a job waiting the hotel, keep them three months at “Poop Car;” and Best of TV for Southland’s “Don’t eliciting camera flashes and adoration tables. It wasn’t long before he got a time, get them trained, do their daily Risk the Roadtrip” commercial. from tourists while helping preserve bumped up to being a manager, and marches, visit the community, and at Meanwhile, Sullivan Branding received the the continuity of a popular tradition at not long after that a position open up the end of it all they’ll go back to the Judges Special Award for Memphis Convention the hotel. for an assistant duckmaster. gentleman who raised them. He and and Visitors Bureau’s “Comeback” video and Best The red-carpet march of the Including Petrina, the hotel re- his family have been raising wild ducks of Photography for Beale Street Caravan “Blow- hotel’s five North American mallards ceived about 800 applicants for the job. for us for almost 30 years.” out.” The full-service creative company took every day at 11 a.m. and 5 p.m. is as of Petrina was turned down. While the ducks are staying at the home nine gold and four silver ADDYs. this year an 80-year-old ritual at The “But when we came upon the hotel and in Petrina’s care, they won’t Simple Focus was honored with Best of Web Peabody. And a little more than a year need for a full-time duckmaster, they be fed out of anyone’s hand, they won’t Interactive and Best of Art Direction for the Mem- ago, Petrina became the fifth person to remembered me and that I was inter- be picked up and petted and they phis Music Hall of Fame website. The Web design don the dapper mantle of the hotel’s ested, that I was interested in working won’t even be individually named. If and user experience branding firm tallied nine duckmaster. with the ducks, good with people and the hotel staff did any of those things, gold and one silver ADDY. “Everything duck-related falls to good with animals,” he said. “They it might encourage them to subcon- The People’s Choice Award – the only award me, whether it be the care to the pro- called me, and here I am, marching sciously treat the ducks like pets. that is voted on by Memphis’ advertising peers tection to the training of the ducks,” ducks to this day.” Nevertheless, Petrina is in charge – was a tie between Simple Focus for “Memphis said Petrina, who got recruited to the His job is about more than putting of what are perhaps the most pam- Music Hall of Fame” and Loaded for Bear for job from within the hotel. on a red suit jacket with tassels, and pered ducks in the world. They stay in “MEMFIX Crosstown.” He’d been a member of the hotel’s leading the ducks down the red carpet. a $200,000 granite- and marble-lined Other ADDY winners included Combustion, Capriccio Grill restaurant team since One important feature of the ducks room. They have a custom bronze Contemporary Media Inc., Design-O-Matic, doug 2010, and he studied hotel and resort is that they’re very much habit-form- duck fountain and a little duck-sized carpenter & associates LLC, Harvest, Hieroglyph, management at the University of ing creatures. Anyone handling them version of the hotel complete with a inferno, Memphis University School, Oden, Red Memphis. has to take care to do the same thing view of the city. Deluxe Brand Development, RedRover Co., Run- “The ducks do their daily march, every day. They also have their own “but- ning Pony Productions, S2N Design, Signature but we’ve also got to make sure they “If you deviate from that too much, ler,” and lunch is served to them on a Advertising, Tactical Magic and Walker-Associates get out of the hotel sometimes, too,” they kind of turn into divas and start silver tray. From their perspective, the Inc. Judges were Paul Korel, freelance copy- Petrina said about his responsibili- running off the other direction,” ducks learn to recognize Petrina and writer in Atlanta; Bob Havlena, associate creative ties. “We take the ducks to elementary Petrina said. his voice. They are fitted with colored director/copywriter at BBDO Atlanta; and Karen schools and retirement homes every What’s more, there’s a new ice- bands around their ankles so they can Jackson, a freelance interactive/print/Web art year. We were at the recent Stax Mu- breaking period every three months. be distinguished. director in Chicago. seum press conference. They’ve been Every 90 days, the hotel switches out Petrina says he has no trouble The ADDY Awards is a three-tiered national to Columbus, Ohio, and the gentleman the five mallards for a new quintet. telling them apart. For one thing, all of competition conducted annually by the Ameri- before me took the ducks to New York.” If the hotel kept any group of ducks their beaks are different. The feathers can Advertising Federation. Local winners will That’s where the ducks have the in place too long, they’d become do- also all lay a certain way. It’s like look- next compete at the district level in Jackson, distinct honor of being the only ani- mesticated. ing at two golden Labrador retrievers, Miss., on April 19. District winners move on to the mals to perform on Broadway. “We don’t want to deprive any duck he said, and knowing which is which. national level in Phoenix in June. 8 March 1-7, 2013 www.thememphisnews.com

Sports business Business Execs Talk Grizz Impact City’s professionals, team’s new owners tout importance of Memphis pro franchise in community

sarah baker | The Memphis News

very year, FedEx Corp. brings in over 10 years, I think we can all see the “one of the best marketing tools in the 50 of the nation’s leading MBA benefit of it. We’ve got a team that’s really world running up and down that court.” E students to try and recruit them to playing as a team together and are in the “To see Memphis and to see Mem- Memphis. fourth slot in the West, which is the most phis winning on ESPN, CNN, Fox Sports After a three-day weekend of briefing competitive conference in the league.” or whatever it may be, it’s great for the those young professionals on the com- Also important in promoting Mem- Our motivation is about city,” Williams said. “I think it also gives pany and civic culture, an exit survey is phis’ image and the team’s success, Hyde us a little bit more of the confidence that conducted with those who didn’t choose said, is to make sure that every seat in sustained success, it’s about Memphis needs sometimes.” FedEx. Before 2001, the No. 1 reason for FedExForum is filled on game nights. having the kind of players Levien said the franchise is making a why they opted out of Mem- “As business people, that make this community push to expand its footprint in the greater phis? The lack of profes- you can always buy tickets proud. We’ve actually tripled Memphis area. This includes broadcast- sional sports teams. whether you’re a basketball the number of players on ing games for the first time on television “Well that really made fan or not – give them to “ and radio in Little Rock and in Nashville. an impression on me,” customers, give them to our roster that have won It also entails busing fans into the Bluff AutoZone Inc. founder Pitt friends, go yourself,” Hyde NBA championships.” City for home games and weekend out- Hyde said Tuesday, Feb. said. “I think you’ll find it’s ings. – Jason Levien 26, at the New Memphis easy to get addicted to the CEO and managing partner, Memphis Grizzlies “Really, we’re the NBA team for the Institute luncheon at the Grizzlies.” Mid-South, and we want to get people Holiday Inn University of On Nov. 5, a fresh set mutually excited about coming to Mem- Memphis featuring a panel of partners led by chair- phis, coming to our games, and experi- of selective Memphis Griz- man Robert Pera officially about sustained success, it’s about having encing Memphis from Mississippi and zlies’ new owners. “We at took ownership of the team the kind of players that make this com- Arkansas and farther east in Tennessee,” the (Hyde) Foundation, everything we do and launched a new era for the Grizzlies munity proud. We’ve actually tripled the Levien said. is to try to make Memphis a more attrac- franchise. number of players on our roster that have The new ownership group is also look- tive place for the knowledge workers of Now a month after trading Rudy Gay, won NBA championships.” ing to be as “consistently competitive” as the future.” Hamed Haddadi, Marreese Speights, Levien added that some of Janu- possible for the long haul. Levien said this After persuading former major- Wayne Ellington and Josh Selby, and re- ary’s trade decisions were made bearing involves creating data-driven methods for ity Grizzlies owner Michael Heisley to ceiving Tayshaun Prince, Ed Davis, Austin in mind what’s around the corner. For optimizing the talent of the team. Memphis from Vancouver, Hyde was Daye and Jon Leuer in return, the Griz- instance, Tony Allen’s contract ends this “We’re trying to follow the lead of best tasked with convincing the state legisla- zlies have gone 8-2, including a 7-0 win- year, so this summer it’ll be important practices, looking at teams that utilize ture to come up with $250 million to build ning streak going into Wednesday night’s that he stays on the team. the salary cap very effectively, that find FedExForum. He did this by looking at the game against the Dallas Mavericks. “Hopefully, we’re playing chess – we’re players who may be undervalued that we exposure a professional basketball team Jason Levien, CEO and managing trying to look two or three moves ahead, can have on our roster and can help us brings and putting a dollar amount on air partner of the Grizzlies, said the recent see what lies there and make sure that win more games,” he said. “One of the big time for television, radio and print media moves add to the team’s “grit and grind” we protect our defense and our offense,” things we’ve done is utilize more analyt- – a “conservative estimate of $200 million” and “selflessness” mentality. Levien said. “Tony is a big part of that.” ics in making decisions. We’re setting up annually. “We’ve added players who want to Duncan Williams, CEO of Duncan- processes by which you look at the quali- “From the beginning, they’ve been put the team first, who care only about Williams Inc. and partner with the Griz- tative and the quantitative and figure out great for our city,” Hyde said. “Now, after winning,” Levien said. “Our motivation is zlies since November, said Memphis has how do we mesh those two together.”

Opposing Forces Cause Swirling Economy

Remember Relative ValueOne by-product ETF Ticker (Description) Trailing 3-Yr Annualized Why the change? Consider a few data points. While of the Federal Reserve’s loose monetary policy is the Return thru 12/31/12 the S&P 500 is overvalued compared to its own history, widespread positive GLD (Gold) 14.2% relative to other asset classes, the S&P 500’s valuation returns that numer- TLO (Long-Term Treasuries) 13.6% looks attractive. Cash is trash, as the average taxable U.S. ous asset classes LWC (Long-Term Corporate Bonds) 12.2% money market fund is yielding 0.02 percent, compared have been able to JNK (High Yield) 10.9% with 3.05 percent in February 2008. Investors are also experience. For SPDR (S&P 500) 10.8% probably recalling history, as the falling interest rate cycle LAG (Barclay’s Agg.) 6.1% instance, from of 1982-2012 was preceded by a rising rate/higher infla- March 9, 2009 (the Other than the Barclay’s Aggregate Bond Index, inves- tion period of 1958-1981. Falling interest rates and mild closing low on the tors have been able to generate double-digit annualized inflation provided strong tailwinds for fixed income, al- MARK SORGENFREI JR S&P 500), thru returns over the last three years thru a variety of asset lowing comparable real returns for equity or fixed income the worldly investor Dec. 31, 2012, the classes. However, an interesting shift has taken place over investors. But the prospects of rising rates and higher cumulative returns the last three months, as you can see by the same ETF inflation can turn the tailwind into a headwind for bonds, of the SPDR Barclays High Yield Bond ETF (JNK) and the returns on a trailing three-month basis: widening the performance gap, as demonstrated in the SPDR S&P 500 ETF (SPY) have been 128 percent and 1958-1981 cycle. Perhaps a rotation is occurring, as inves- ETF Ticker (Description) Trailing 3-Mo. Return 127 percent, respectively. thru 2/21 tors become more selective in their investment choices, Whether your chosen investment was high-yield bonds knowing that the future will differ from the recent past. SPDR (S&P 500) 8.6% or the 500 stocks in the S&P 500, returns have been Being overweight fixed income and gold has not led to se- JNK (High Yield) 3.6% identical since the bottom. LAG (Barclay’s Agg.) (0.5%) vere underperformance over the past three years, as the To extrapolate that analysis further, let’s look at LWC (Long-Term Corporate Bonds) (2.2%) aggressive Fed policy has lifted returns everywhere. This some other ETFs, along with their trailing three-year an- TLO (Long-Term Treasuries) (4.7%) could change going forward, as investors seek out optimal nualized returns: GLD (Gold) (8.6%) ways to generate returns that can outpace inflation. www.thememphisnews.com March 1-7, 2013 9 Money&Markets Extra Treasury yields are so low that inves- We gauge that on real rates, and real It won’t be 50 percent. But the bond is that things continue to improve, tors in 10-year Treasurys are willing to rates are negative. The real rate for market could suffer a decline of double whether it’s the stock market or the accept less than the expected rate of the10-year is negative half a percent. digits, high single digits. That would not economy or both, then it’s likely to be Staying inflation. That means they’re essentially And the primary start-off goal of invest- be very difficult. a loss of confidence in the Federal willing to lose purchasing power in ing, at the very least, is to do no harm. Reserve and their actions: Do they Insider exchange for the safety of owning To flip it around: Are there things you After years of strong returns for really need these emergency actions cautious Q&A Treasurys. Bond investors call a bond’s can do to gain positive rates of return? bonds, what’s a fair expectation when the emergency has long since after-inflation rate of return its “real Last year, it wasn’t that difficult. (His going forward? past? Title: Managing director at Reams rate,” and Mark Egan says today’s low fund made profits on debt from U.S. It’s not alchemy: You can not produce Asset Management real rates show that Treasurys are risky banks after dissipating worries about gold from the lead of low interest rates. Anything else investors should be and lead portfolio investments. His Scout Unconstrained Europe’s debt crisis sent their prices Unless rates decline to zero, the idea thinking about? manager of the Scout Bond fund (SUBYX) can invest in higher.) Today, it’s just the opposite. of capital appreciation in fixed income I think people should manage with their Unconstrained Bond fund corporate or government bonds, short- Today, investors should be defensive is fairly low. eyes focused forward, not backward. term or long-term, investment-grade or and positioned to prevent loss. I don’t say that to be sarcastic. I just What he suggests: junk and even derivatives. It returned What would a rising rate environment mean that we’re seeing people take Be prepared for rising interest rates, which 23 percent last year. Bond prices fall when interest look like? Would it happen quickly? more risk today when they shunned would hurt bond rates rise, but can you put into Slowly? it 18 months ago, which is when they prices Step one in your investment process context how big the loss could be? We really don’t know. It could be a should have been taking a lot of it. Mark Egan is to gauge whether bonds are Could bonds fall something like 50 long-term thing, building up to cataclys- expensive. How easy is that to do? percent? mic shock. The most likely scenario Answers edited for content and clarity. AP Fragile 401(k) BEHIND THE BRAND CABOT OIL AND GAS (TRIP) Workers at some of the nation’s biggest companies could suffer devastating DrillDrill mastermaster losses if their employers hit tough times. That’s because their 401(k) plans are heavily invested in the stock of their own company. Nineteen publicly traded companies had more than 50 percent of plan assets invested in company stock last year, according to Morningstar. The list includes big names: oil giants Exxon Mobil and Chevron, McDonald’s, paint seller Sherwin-Williams and consumer products maker Colgate-Palmolive. For all that investors learned from the collapse of Enron, the energy trader’s demise didn’t restrict 401(k) plans from being heavily invested in the stock of the company offering them. Nearly 58 percent of Enron’s 401(k) assets were in its own stock, which became A natural gas boom in the U.S. has companies engaged in extracting almost worthless after the 2001 bankruptcy. Enron employees not only lost their jobs, but helped lift the drilling industry, and natural gas from the Marcellus huge portions of their retirement savings because their 401(k)s weren’t diversified. Cabot Oil and Gas is no exception. Shale, a rock bed that lies about Morningstar’s head of retirement research, David Blanchett, says that employees should The company, which was 6,000 feet beneath parts of New limit the percentage of their 401(k) assets in company stock to less than 10 percent, and ideally to zero. founded in 1990, explores, York, Pennsylvania, West Virginia produces and markets natural gas, and Ohio. crude oil and natural gas liquids. Cabot’s operations in the Heavy handed: 10 large companies whose 401(k) assets were heavily invested in their stock. It is one of many drilling Marcellus Shale region have yielded strong production growth, helping to Thursday’s 52-week range Company stock Total return close in 401(k)* 12-months drive a 42 percent increase in its Thursday’s close: $61.97 natural gas production in 2012. Sherwin-Williams (SHW) $161.59 $102 167 72 %%58 Price-earnings ratio: 98 Cabot’s revenue jumped 23 (based on last 12 mos.) percent to $1.2 billion last year, Colgate-Palmolive (CL) 114.43 92 116 69 23 52-week price range while earnings grew nearly 8 percent to $131.7 million. Exxon Mobil (XOM) 89.55 77 94 66 3 $29 $62 Those results have pushed the Chevron (CVX) 117.15 96 119 55 7 company’s shares up more than 23 YTD stock change: 6% McDonald’s (MCD) 95.90 83 101 54 -4 percent this year. YTD S&P 500 change: 25% Lowe’s (LOW) 38.15 25 40 52 38 Cabot also has faced criticism Market value: $13.0 billion over the gas drilling technique called Chesapeake Energy (CHK) 20.16 13 26 44 -20 2012 revenue: $1.2 billion hydraulic fracturing, of fracking. Yum Brands (YUM) 65.48 60 75 43 -1 Last fall, the company reached a Avg. broker rating: confidential settlement with Occidental Petroleum (OXY) 82.33 72 107 42 -22 residents of a Pennsylvania town SELL HOLD BUY Abbott Laboratories (ABT) 33.79 27 35 38 24 who claimed Cabot polluted their Standard & Poor’s 500 index — – 13 well water.

Sources: Morningstar Prices through Feb. 28 *as of Jan. 1, 2012 Mark Jewell, Jenni Sohn • AP Source: FactSet Data through Feb. 28 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 29.95 7 38.58 35.91 +.06 +0.2 s s s +6.5 +23.9 29 1.80f Medtronic Inc MDT 35.67 8 47.41 44.96 +.42 +0.9 s t s +9.6 +18.8 12 1.04 t s s AutoZone Inc AZO 341.98 7 399.10 380.15 +3.36 +0.9 +7.3 +2.9 15 ... Merck & Co MRK 36.91 6 48.00 42.73 -.24 -0.6 t t s +4.4 +17.1 20 1.72 0 s s s BancorpSouth BXS 11.43 15.69 15.30 +.28 +1.9 +5.2 +25.3 17 0.04 Mid Amer Apartments MAA 60.38 0 70.22 69.44 -.11 -0.2 s s s +7.2 +13.7 28 2.78f Boyd Gaming BYD 4.75 5 8.52 6.57 -.15 -2.2 t t t -1.1 -17.2 dd ... Monsanto Co MON 69.70 0 104.19 101.03 +.63 +0.6 s t s +7.2 +29.1 24 1.50 Buckeye Technology BKI 23.52 4 35.98 27.73 +.23 +0.8 s t t -3.4 -19.5 12 0.36 Mueller Inds MLI 39.72 9 55.53 53.18 +.16 +0.3 r t s +6.3 +15.5 23 0.50 Community Hlth Sys CYH 20.71 0 42.98 42.26 +.55 +1.3 s s s +37.5 +64.6 14 0.25e 3 t t s Corrections Corp CXW 23.60 0 39.31 38.35 +.24 +0.6 s s s +8.1 +56.3 24 2.12f Navistar Intl NAV 18.17 44.00 24.83 +.08 +0.3 +14.1 -43.2 dd ... s s s Cummins Inc CMI 82.20 8 129.51 115.87 +.10 +0.1 s s s +6.9 -3.1 13 2.00 Nike Inc B NKE 42.55 9 57.41 54.46 +.33 +0.6 +5.5 +2.8 23 0.84 Delta Air Lines DAL 8.42 0 14.90 14.27 ...... s s s +20.2 +47.7 12 ... Pinnacle Entert PNK 8.89 7 16.97 14.00 -.04 -0.3 s t t -11.6 +26.4 16 ... t t t Dillards Inc DDS 58.42 7 89.98 79.68 +.67 +0.8 -4.9 +41.9 12 0.20a Regions Fncl RF 5.46 9 8.00 7.65 +.03 +0.4 t t s +7.3 +31.4 11 0.04 0 s s s Dover Corp DOV 50.27 73.85 73.35 -.27 -0.4 +11.6 +15.3 17 1.40 Renasant Corp RNST 14.42 0 22.27 22.01 +.16 +0.7 r s s +15.0 +44.4 21 0.68 DuPont DD 41.67 6 53.98 47.90 +.39 +0.8 s s s +6.5 -3.8 16 1.72 Smith & Nephew PLC SNN 44.84 7 58.24 53.69 +.14 +0.3 t t t -3.1 +10.2 79 1.04e Education Realty Tr EDR 9.72 6 11.81 10.91 -.19 -1.7 t s s +2.5 +10.0 99 0.40 Smucker, JM SJM 73.20 0 95.35 95.30 +.18 +0.2 s s s +10.5 +29.9 20 2.08 FedEx Corp FDX 83.80 0 107.50 105.43 -.31 -0.3 t s s +14.9 +16.3 17 0.56 7 t t t Fst Horizon Natl FHN 7.44 9 10.99 10.63 +.11 +1.0 s s s +7.3 +12.1 dd 0.20f Suntrust Bks STI 20.96 30.79 27.59 -.13 -0.5 -2.7 +22.4 8 0.20 t t s Freds Inc FRED 12.30 4 15.98 13.57 +.05 +0.4 s s s +2.0 -0.6 15 0.24a Synovus Fincl SNV 1.67 8 2.82 2.54 +.02 +0.8 +3.7 +25.5 dd 0.04 GTx Inc GTXI 2.62 7 5.41 4.55 -.11 -2.4 r t s +8.3 +27.7 dd ... Sysco Corp SYY 27.05 9 32.86 32.16 +.02 +0.1 t s s +2.5 +13.9 17 1.12 t s s Ingram Micro IM 14.42 8 20.21 18.86 -.15 -0.8 +11.5 -2.2 9 ... Trustmark TRMK 20.76 4 26.35 22.92 -.12 -0.5 t t s +2.0 +0.5 13 0.92 0 s s s Intl Paper IP 27.29 44.25 44.01 -.04 -0.1 +10.5 +33.2 23 1.20 Tyson Foods TSN 14.07 9 24.31 22.67 +.13 +0.6 t s s +16.9 +19.4 13 0.20 Isle Capri Casino ISLE 4.75 6 7.92 6.63 -.07 -1.0 s t s +18.4 +14.1 dd ... UPS class B UPS 69.56 9 84.87 82.65 -.18 -0.2 t s s +12.1 +10.9 60 2.48f Kellogg Co K 46.33 0 60.54 60.50 +.45 +0.7 s s s +8.3 +17.6 23 1.76 Utd Technologies UTX 70.71 0 91.51 90.55 -.02 ... s s s +10.4 +10.8 16 2.14 Kirklands Inc KIRK 8.26 4 17.42 11.64 +.04 +0.3 s s s +9.9 -27.2 16 ... 0 t s s Kroger Co KR 20.98 0 29.16 29.21 +.11 +0.4 s s s +12.3 +24.1 24 0.60 Valero Energy VLO 20.00 47.85 45.59 -.40 -0.9 +33.6 +90.3 12 0.80f s s s LifePoint Hosp LPNT 34.32 9 46.25 44.09 +.44 +1.0 s s s +16.8 +10.3 15 ... Verso Paper Corp VRS 0.98 1 3.36 1.09 +.04 +3.8 +1.9 -25.5 dd ... Macy’s Inc M 32.31 9 42.17 41.10 +.52 +1.3 s s s +5.3 +10.7 12 0.80 Wright Medical Grp WMGI 16.51 0 23.70 23.25 ...... s s s +10.8 +36.8 cc ...

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 1-7, 2013 www.thememphisnews.com

Savings Isn’t Only earnings Pillar of Successful Retirement Downshift Ray’s Take I’m always emphasizing the importance of sav- AutoZone blames slower sales on tax refund delay, winter weather ing for retirement. However, you need more than a savings plan if you want to improve your odds for andy meek | The Memphis News a more fulfilling “third act” of life. You also need to have a plan for what you actually want to do with your time. After all, that list of home projects isn’t end- less, and there’s only so much golf one can play. Religious, civic and charity interests can be fulfilling, but can become consuming if not set within the boundaries of a plan. It’s not uncommon for retirees to find that retirement isn’t nearly what they had hoped for. It’s not enough to say you will “enjoy doing nothing” or “find plenty to do.” Studies show that people who plan on taking up new interests after 65 often don’t follow through. The chance of finding fulfillment in new activities and interests in retirement ray & dana Brandon rays of wisdom depends on developing those interests earlier in life. Otherwise you could wind up bored and depressed. It’s important that your retirement plans also in- clude a strong social component. Start building new social networks before retirement to replace those at work. Volunteer programs offer ideal opportuni- ties for this in almost every field of interest. Memphis News File Photo: Lance Murphey This phase of life is nothing short of a new Macon St. Clair helps customer Sean Davis with his car outside the AutoZone store at 5945 Winchester Road in identity, and those don’t happen overnight. Actually, Hickory HIll. The store is one of two Memphis hub stores that supply all Memphis area satellite stores with parts. we prefer not to call it retirement. We call it financial independence. At that point you can even still work, o company is completely to delayed tax refunds. That drop the recent healthcare legislation but no longer because you have to! immune to the effects of also was a big deal to Dan Wewer, an enacted will occur after 2013 due to If it turns out you don’t really enjoy doing what Npolitical squabbling in analyst covering AutoZone for Ray- provisions of the legislation being you planned, make a change! Try something else. Washington, the stakes of which mond James & Associates Inc. phased in over time, changes to our healthcare cost structure could have You’ll still have time to find the activities and friend- have intensified lately for the aver- “While the softer sales environ- age taxpayer. ment was somewhat anticipated a significant negative impact on our ships that will enrich your retirement and make for a That includes even a company as given the lingering impact of warm business,” the report reads. very fulfilling life. seemingly unrelated to the political weather a year ago, the company ex- The indirect political impact, world as Memphis-based AutoZone perienced a significant slowdown in meanwhile, wasn’t the only thing Dana’s Take Inc., the leading car parts retailer in the last two weeks of the quarter due that made a dent in AutoZone’s There’s an old saying about retirement: Twice the the U.S. to the delay in federal tax refunds,” same-store sales for the just-ended husband but half the money. There’s no doubt that AutoZone CEO Bill Rhodes told Wewer said. quarter. The warmer-than-usual retirement causes major identity and role shifts. It’s analysts Tuesday, Feb. 26, the retailer Taxpayers will get refunds later winter also didn’t help, because it even been said that the first two years of retirement was disappointed with its 1.8 per- than usual this year partly as a re- contributed to less wear on cars and are like the first two years of marriage. It’s a time of cent drop in U.S. same-store sales sult of national lawmakers who’ve thus kept consumers from visiting change, compromise, and forging new relationships. for the second quarter, referencing lurched from crisis to crisis as the AutoZone stores as much to buy new While the majority of retired couples work things a key metric in the retail sector. The two major political parties argue parts. out – 60 percent of couples claim their relationship same-store sales metric sets aside over spending and fiscal priorities, Rhodes tried to reassure analysts ultimately improved – don’t count on things taking the opening and closing of new including earlier this year when they of a couple of positive indicators: care of themselves automatically. stores and looks at activity from reached a last-minute deal to avoid one, that except for the last two Talk about your retirement hopes and dreams stores open at least a year, which another debt ceiling debacle. Unfor- weeks of the quarter, sales were now, and about the role each partner is expected to gives a better growth picture for a tunately, that keeps the IRS guessing generally consistent with where the play. Keep in mind that the upcoming generations company. too long on what the rules of the company thought they would be. of retirees don’t have many role models on how to AutoZone executives discussed road will be for tax purposes. And two, that next quarter should make this work. Boomers represent the first genera- the quarter’s results before the stock That political wrangling meant see sales get back to their historic tion where many women gained a lot of their identity market opened Tuesday. There was the IRS couldn’t start processing any trend. and self esteem from their careers, just like their plenty to like in the results, including returns filed before Jan. 30. “Historically, we have seen our husbands. the company’s 26th straight quarter Along those lines, but separate sales increase significantly during If the transition to post-work roles is rockier than of double-digit earnings per share from the quarterly results presenta- the final two weeks of our second expected, consult a Certified Marriage and Family growth. tion, AutoZone recently has pointed quarter,” Rhodes said. “However, this Therapist to help you find a new balance that works AutoZone reported a 15.1 per- out to investors other ways the year our total domestic auto parts for both of you. cent climb in earnings per share, company believes decisions made same store sales for the last two Ray Brandon is a certified financial planner and to $4.78 from $4.15 in the year-ago in Washington could potentially weeks declined by eight percent. Our CEO of Brandon Financial Planning (www.bran- period. Profit was up $9.3 million impact the company negatively. In belief is the approximately two-week donplanning.com). His wife, Dana, has a bachelor’s to $176.2 million. And the company the company’s latest annual report, delay in processing of income tax degree in finance and is a licensed clinical social saw a 2.8 percent increase in net released in late 2012, a summary returns this year was the key con- worker. Contact Ray Brandon at raybrandon@bran- sales, hitting $1.9 billion for the of risk factors that could affect the tributor to this decline in sales. Our donplanning.com. second quarter. company’s business makes a refer- expectation is sales in the upcom- Rhodes, meanwhile, attributed ence to the Affordable Care Act. ing quarter should recover to more the drop in same-store sales in part “While the significant costs of normalized sales volumes.” www.thememphisnews.com March 1-7, 2013 11

logistics LAW & THE COURTS Law Firm Signs Transportation, Logistics Lease at Forum III

Growing at Dunavant andy meek | The Memphis News

MICHAEL WADDELL | The Memphis News enny Kiesewetter is getting ready to move her boutique law firm into what will be its third home Jin three years, a product of the workload for em- unavant Enterprises Inc. continues its transfor- Southeast and Southwest, including Norfolk, Va.; Wilm- ployee benefits attorneys like her swelling with each mation into a purely third-party logistics and ington, N.C.; Charlotte, N.C.; Charleston, S.C., Savannah, passing month as new regulations come down from D asset-based transportation firm. Ga.; Atlanta; Dallas; Houston; Nashville and Memphis; as the federal government. Through its Dunavant Transportation Group and Du- well as sales offices in cities like Cincinnati. She’s not only moving. In the last week, she’s also navant Logistics Group, the company is focused on four Despite the expanding footprint, Dunavant is proud of made two new hires. That brings the total staff of the main pillars – global, freight, distribution and consulting. its Memphis roots. Kiesewetter Law Firm PLLC to seven – four attor- “Our goal is to be a significant player in the mid- “Memphis is a great city to have a global logistics neys including Kiesewetter, two paralegals and one market logistics area,” said Richard McDuffie, Dunavant’s headquarters,” McDuffie said. “It’s a logical choice for a receptionist. The firm – which focuses on employee chief operating officer. “We are growing our business both logistics hub, with all five railroads running through the benefits, health care regulatory compliance and cor- organically and through acquisitions, and we will contin- area, one of the busiest cargo airports in the world and a porate law – is shifting from Independent Bank Tower ue to grow both sides, the non-asset and asset-light sides, major thoroughfare for traffic. You can reach 80 percent at 5050 Poplar Ave. to the Forum III building at 1770 not only in Memphis but also in Dallas, Houston, Char- of the region’s population by truck in a day to a day and a Kirby Parkway. Kiesewetter recently signed a lease for lotte, N.C., and other locations where we have terminals half.” almost 3,500 square feet at Forum III, and she said today.” Services offered by the company include container construction is expected to start within the next week. Dunavant, founded in 1928 and based in Memphis, drayage, crossdocking, transloading, chassis leasing and Her firm is taking the remaining space on the gained more than 50 years of experience in logistics and other yard services. Although its client list is confidential, fourth floor also occupied by Northwestern Mutual. supply chain management as one of the largest global major sectors that Dunavant is currently involved with “We’re probably going to be there around May 1,” commodities distributors in the world. The company sold are agricultural commodities, retail, paper, chemicals and she said. “They’re going to start construction probably its cotton interests to Louis Dreyfus in 2010. food products. Earlier this month Dunavant announced within the next week, and it’s going to take them two “Even after we got out of the cotton business, we con- several new hires within its two divisions. months to build it out.” tinued to manage and move our product for other clients “We’re really pleased with all our recent new hires,” The move more than doubles the firm’s available in cotton all over the world, and we started to expand our McDuffie said. “The team-building and systems updates space – a good move, since it was growing fast. It has logistics operation and evolved into a global third-party that are under way at all our locations throughout the about 1,100 square feet of room at its current home logistics company,” McDuffie said. Eastern Seaboard, the South, and Texas continue to evolve at Independent Bank Tower, which is where the firm Dunavant retained its real estate development and and take our execution to the next level.” moved in 2011 after leaving previous office space capital management divisions, as well as its truck broker- In Memphis, both Ernest Moreno and Phoebe Neal across the street from The Crescent Center. age group, which it has had since as far back as 1970. joined Dunavant Logistics Group as Logistics Service To understand her trajectory, in the space of about In early 2011, Dunavant Transportation decided to managers. In Charlotte, Chris Patton and Mike Rodnick a year Kiesewetter started a firm, moved it into a new enter the asset-light side of the trucking business, so it joined Dunavant Sea Lane Express, Patton joined as ter- office and started bringing on staffers. acquired two companies – Trans Gulf Transportation minal manager and Rodnick joined as safety and recruit- Kiesewetter was a partner at Evans Petree PC and Sea Lane Express – to gain a much larger footprint ing manager. Dunavant Trans Gulf Transportation also before deciding to start her own firm. She felt the time throughout the Southeast. welcomed two new staff members, both at its Houston was right to do so for many reasons, including the “We’re moving primarily ocean drayage and domes- location. Jennifer Michna joined the company as manager challenge of staying on top of regulatory changes that tic drayage, and it complements the business we do on of process development, and Scott Donnow was hired as need to be conveyed to clients. the freight forwarding side,” said McDuffie, who says the maintenance and repair manager. Further growth and Outside of the office, she teaches employee company is open to the idea of further acquisitions, but more local jobs are likely. benefits law at the University of Memphis Cecil C. only if they are a strategic fit. “Because we are headquartered in Memphis,” McDuff- Humphreys School of Law, where she’s an adjunct The company now has 10 truck terminals in the ie said, “there should be a benefit to expansion here.” professor.

Team Building Provides Secret to Fundraising Success

Part two of a two-part series a fundraising plan. You can have a simple chair, you need one. Take the time to proposal submissions, and new poten- plan or a complex plan. The most im- review your fundraising plan, identify who tial donors and funders who have been It’s all about leadership and portant thing is to work from a plan with could best help you meet your goals, and identified. Staff should provide reports team building. You’ve heard the refrain, agreed upon financial goals, timeframes, then find the right person to talk with your showing progress against goal, number of but what does it mean? and defined roles and responsibilities. potential chair, inviting him to provide gifts received, average size of gift, largest In terms of nonprofit fundraising there For a team to function, everyone has leadership. Be sure to show him your gift, and specific information that allows can be no greater mandate than leader- to know their role, and fundraising plan: people the team to make proactive fundraising ship and teamwork. Scarce funding for be qualified to fill it. are more likely to say yes management decisions. staff positions, stiff competition for the Invite people to join your when they see you have a Team meetings shine a light on what philanthropic dollar and an abundance of leadership team based plan in place to meet your people are doing and not doing. It holds wishful thinking leaves nonprofits at risk on their understanding goal. board members, staff and volunteers of not meeting their fundraising goals. of what you are trying Other potential mem- accountable to each other. It takes away Building and supporting a volunteer-led to achieve and how well bers for this committee excuses and when things are going well fundraising team is one way out of the vi- they can help implement MEL & Pearl shaw include board members, it creates an excitement and momentum cious cycle imperiling too many organiza- your plan. FUNdraising Good Times current major donors, that is contagious. tions. Your team will set community and business Raising money is too important to go Your fundraising team should be the tone, policy and direction of your leaders, key stakeholders, your finance alone. Build and nurture your team. comprised of leaders who are committed fundraising and monitor its progress. The director, executive director, development to ensuring your nonprofit has the money committee should be led by a fundrais- director and program staff. Mel and Pearl Shaw are the authors and resources it needs to deliver on its ing chair or co-chairs. These volunteers Your fundraising chairs should con- of “Prerequisites for Fundraising Success.” mission. It should include your volunteers, should be supported by the institution’s vene and lead your monthly meetings. They provide fundraising counsel to non- staff, executive leadership and board chief development officer and executive Team members should report on specific profits. Visit them at www.saadandshaw. members. All members should work from director. If you don’t have a fundraising actions they have taken, solicitations, com. 12 March 1-7, 2013 www.thememphisnews.com

sports

basketball Grizz Showing Scrappiness As Final Stretch Awaits Memphis rallies from 25 down against Dallas, proving the team has a problem starting games but also proving it retains the grit and grind needed for impressive comebacks

DON WADE | Special to The Memphis News

ver notice how the view from the Grizzlies coach Lionel Hollins had a l The Mavs’ five points in the third winning and losing locker rooms different interpretation, saying that some quarter was a Grizzlies franchise record Eis never the same, even though the players couldn’t get over their day off on (previously seven by Phoenix in 2006). It teams played in the same game? Monday. also tied the NBA low for this season. On Wednesday, Feb. 27, at FedExFo- “We came back (Tuesday) and I had to l Overcoming the 25-point deficit rum, the Memphis Grizzlies and Dallas get after them … because they didn’t come matched a franchise record (the Grizz were Mavericks conspired, perhaps unwit- to work,” Hollins said. We’re scrappy. It takes a down 25 before rallying to beat Portland tingly, to set or match several season and “Usually, when we have the day off, toll on a team.” in 2002). l franchise records (we’ll get to the numbers they come back and they work, but they – Zach Randolph Their 24-0 run bridged over the in a moment). But the shorthand for what didn’t work and then it faded into this Grizzlies forward second and third quarters was the most in happened is that the Mavericks won the game with this miserable practice we had. team history. first quarter, 38-19; the Grizzlies won the And it faded into the shootaround this l The win was their eighth straight, third quarter, 24-5; and ultimately Mem- morning and right into the game.” “ also tying a franchise mark and was the phis overcame a 25-point first-half deficit At one point, Hollins pulled the whole said. second eight-game run of the season. to steal a 90-84 victory. first unit and he was less than impressed Tony Allen called the Grizzlies’ start l The Mavs’ 38 points in the first All of which could be explained, from the Mavericks made all eight of their first- “lackadaisical,” but said of the comeback: quarter tied the most allowed to an op- the Dallas perspective, in a few words from quarter shots from the paint. “We grinded back, got the lead, and it was ponent this season. Shawn Marion: “They punked our ass and “You could make all eight of your shots a great team win.” How to explain all this from a team that took the game from us.” in the paint too if we didn’t guard you,” he As for the aforementioned records: through 56 games (38-18) allows the fewest

Memphis Tigers Misstep Under National Spotlight

D.J. Stephens was 1-for-6 from ern Conference Tournament and steal an Unfortunately, that’s a fair point. the free-throw line when, at game’s end, at-large bid, some of that bracketology/ “I was embarrassed walking on he needed to miss a foul shot on purpose RPI/BPI voodoo will spin the Tigers’ way campus (today),” guard Geron Johnson to give the Tigers one last desperate and help their seeding. said. “Seriously, I wanted to hurry and chance at a tip-in that would have tied All of this assumes that we don’t get to class.” the game at Xavier. THE PRESS BOX have to be concerned with the Tigers Going forward, it seems clear the “A million things went through my DON WADE making the NCAA field in the event they Tigers will either provide indisputable mind before I shot that free throw,” somehow were to not win the C-USA evidence that they really aren’t worthy Stephens said a day after the Tigers lost, Maybe so, but for the NCAA Tour- Tournament in Tulsa. of big-boy basketball or, as Stephens 64-62, ending their 18-game winning nament Selection Committee there is Pastner calls any suggestion Mem- suggested, use this latest indignity to streak. no mystery as to how the Tigers have phis is not solidly in the field “ridiculous,” regain focus and “go into everything One of the things Stephens thought cooked up their 24-4 record. and I’m inclined to agree. with a chip on (our) shoulder.” – feared, actually – was that “I’ll mess The Tigers are undefeated (13-0) Provided they do not suffer more The Tigers have Top 25-type talent, around and make it.” He didn’t, of course, in their so-called “little league,” as one than one additional loss between now if not a Top 25-type resume. And if they even failing to make contact with the rim. writer put it, and already have clinched and Selection Sunday. were confused about that before – “tak- “I take sole responsibility for that the regular-season Conference USA Others are less charitable, especially ing things for granted,” Johnson said – loss,” Stephens said. “I actually broke Championship. those named Jeff Goodman. they shouldn’t be now. down after the game.” Yet they still are without a victory “Memphis beats up in C-USA, but “We’ve proven (the critics) right D.J. was being a little too hard on over a ranked team or name brand. They comes up short in big-boy basketball,” when we lose games like that, Xavier on himself. But as happens after every Tiger carried a No. 19 AP ranking into Xavier, said the headline on Goodman’s article the road,” Johnson said. “We’ve got to loss, and after some wins, critics near but are sure to fall in the next poll – per- on CBSSports.com. handle those games.” and afar were quick to break down every- haps all the way out of the Top 25. Goodman went on to call C-USA thing, assign blame and offer half-baked Thus, the best thing that happened opponents the equivalent of playing the Don Wade’s column appears weekly remedies. on Feb. 26 when the Tigers lost to Xavier “Sisters of the Poor” and said that by in The Daily News and The Memphis Coach Josh Pastner’s reminder, is that Tennessee, a team the Tigers have losing to Xavier on national TV the Tigers News. He and Jon Albright host the “Jon & among others: “The season’s not over. beaten, upset No. 8 Florida. blew a chance to “silence their critics Don Show” on Sports 56 AM and 87.7 FM You can’t pull the cake out of the oven. Perhaps if the vastly improved Vols who wondered if Memphis truly had from 6 p.m. to 7 p.m. Tuesdays through The cake is still baking.” can make a deep run in the Southeast- improved since November.” Fridays. www.thememphisnews.com March 1-7, 2013 13

sports

points in the league (89.5), but is the NBA’s fourth-lowest scoring offense (93.3)? “It says when we play the way we’re supposed to play, 25-point swings can happen,” said point guard Mike Conley. It didn’t hurt that Zach Randolph and Unfortunately, when you do Marc Gasol scored 22 and 21 points, re- something entirely new that spectively. As the Mavs’ Vince Carter said: “When one big gets going it can set up the threatens to redefine the other big.” existing value system status The Grizz also out-rebounded Dallas, quo, the guardians of that 46-34, but were getting killed on the glass very system are going to in the first quarter, 15-7. During timeouts, “ resist.” Hollins said, “I reminded them how we got to be a good team” and he told the players – Robert Pera they were being “outworked,” no doubt Owner, Memphis Grizzlies with some adjectives and adverbs applied for effect. It did the trick. Dirk Nowitzki scored just 10 points and went 0-for-3 from the floor in the fourth quarter as Gasol credited Randolph with “corralling” Nowitzki. “We’re scrappy,” Randolph said. “It takes a toll on a team.” Likewise, this loss would have hit the Grizzlies hard. They play seven of their next nine on the road, beginning at Miami Friday, March 1. To a man, the Grizzlies say they’re aware the schedule toughens but after the trades and adjusting to new rotations they just appreciate this win and every other. AP Photo: Lance Murphey “We’re enjoying the ride,” Conley said, Memphis Grizzlies center Marc Gasol makes a shot over Dallas Mavericks guard Vince Carter (25) and center Chris Kaman (35) in the “the new face of this team.” second half of the Grizzlies’ 90-84 victory over the Mavericks, a game Memphis rallied from a 25-point first-half deficit to win. 14 March 1-7, 2013 www.thememphisnews.com

special coverage

emphasis: FINANCIAL SERVICES

cHANGING TIMES andy meek | The Memphis News Morgan Keegan name disappearance leads financial sector highlights

fter a four-decade existence, the Morgan Keegan name has been retired. Formerly known The announcement Raymond James Financial as the Morgan Keegan Tower, the Inc. is dropping the Morgan Keegan name was office building at made during Raymond James’ first quarter earn- 50 N. Front St. now ings conference call last month. Raymond James bears the name of ACEO Paul Reilly was giving analysts listening to the call an Raymond James, which acquired update on the firm’s acquisition of the Memphis investment Morgan Keegan firm last year and its integration since then. last year. The Raymond James bought Morgan Keegan in a $1.2 billion announcement deal. Raymond James is maps completely dropping “The integration has gone so well that we made a com- the Morgan Keegan mitment to Morgan Keegan that we would keep some dual name was made branding in business for two years,” he said. “They have during a first quarter asked us to drop the Morgan Keegan name in February earnings conference call last month. after the integration and to operate under Raymond James.” Maps should follow the style shown below. The colors are in screens of the Dixon Hughes blue. Locations that need Reilly went on to applaud both his firm and Morgan Keegan for working well together toward achieving “cultural integration.” In other local financial services news, almost every white circle; state boundaries are also shown in white. Photo: Lance Murphey bank based in the Memphis area was profitable by the end

MEMPHIS OFFICE

Bankers face many challenges to grow market share and balance the Partners development of innovative financial products with a sound credit culture David B. Baggett and strong internal controls; all while complying with the requirements Gregory M. Bostian of industry regulation, corporate governance and financial reporting. P. Anthony Clark Robert C. Davis Dixon Hughes Goodman has more than 350 years of collective experience Buddy Dearman serving over 150 financial institutions including community, regional and William M. Hope U.S. Top 10 banks. Layne McGuire leads the Memphis office’s Financial Paul R. Hopkins Institutions Services Group. She and her team are well equipped to Kenneth L. Johnson Jorg Kaltwasser help you face these challenges. Jeffrey A. Kitterman

John A. May Mark H. Nicolas Services Offered • Tax Compliance and Consulting • Internal Audit • IT Risk Assessment dhgllp.com • External Audit 999 S. Shady Grove Suite 400 Memphis, TN 38120 • SEC and Other Regulatory Compliance Layne McGuire 901.761.3000 • Transaction Advisory Practice Leader, [email protected] Financial Institutions

NATIONAL RESOURCES www.thememphisnews.com March 1-7, 2013 15

special coverage

of 2012, with the exception of two. That’s according to the latest figures from the Federal Reserve Bank of St. Louis. Including First Tennessee Bank – far Argent Financial Experiencing and away responsible for the lion’s share of activity in the local banking sector – profits among Memphis-area banks were down from $191.4 million in 2011 to $81.4 mil- Expansion in Memphis, Beyond lion at the end of 2012. Separate out First Tennessee’s num- ANDY MEEK | The Memphis News bers, though, and the collective profit of Memphis-area banks actually rose from 2011 to 2012 (from $15.9 million to $60.7 million). On the event front, the Economic Club rgent Financial Group hasn’t let local Nashville board members of Argent of Memphis this month will welcome its foot off the gas since arriving Trust Co. of Tennessee. someone who has traveled the country Ain Memphis. “We found a group of professionals and the world as a speaker, trainer, writer The Louisiana-based wealth man- who want to provide true, independent and coach to investment advisers and agement firm, which is now responsible advice to their customers and who like wholesalers for major investment firms. for more than $5.5 billion in client We found a group of our model,” said George Pappas, presi- Mark Zinder and Associates principal assets, has continued to expand both in dent and senior trust officer for Argent Mark Zinder will address the club March Memphis and beyond. professionals who want to Trust Co. of Tennessee. “And they believe 21 at the University of Memphis. In recent days, Argent Financial provide true, independent the Nashville market is ready for that Zinder has about 30 years of experi- Group – the Memphis office of which advice to their customers kind of approach.” ence in the financial services industry. He is based in The Crescent Center – an- and who like our model. McDonald said Nashville was the began his career as an investment adviser nounced its acquisition of The Trust Co. And they believe the next logical step for Argent in Tennessee with Dean Witter, then in 1993 moved to of San Antonio. “ beyond Memphis. Franklin Templeton Investments where Founded in 1997, The Trust Co. is Nashville market is ready Moves like that have been pretty he was named senior vice president and based in San Antonio and has an ad- for that kind of approach.” much the pattern for Argent almost every year since entering the Memphis national spokesman. In 2004, he started ditional office in Corpus Christi, Texas. – George Pappas his own firm. It will continue both as a separate entity President and senior trust officer, market. Argent acquired Memphis- Argent Trust Co. of Tennessee. Closer to home, First Tennessee Bank and as a subsidiary of Argent Financial based Investment Counsel and Trust Co. has racked up some big awards recently. Group. in 2009, renaming it Argent Trust Co. of The bank won top customer satisfaction Argent founder and CEO Kyle Tennessee and adding experienced local honors in both the national and regional McDonald said his company had been Argent portfolio managers are professionals to the staff. categories for business banking in the looking for options that would give the expected to join Highland this year as In 2010, Argent inked a lease at The 2012 Greenwich Excellence Awards for firm a Texas presence. And joining forces the firms combine their portfolio man- Crescent Center. And in 2011, Argent an- U.S. small business and middle market with The Trust Co., he said, “ensures our agement resources under Highland’s nounced its acquisition of Sector Capital banking. ability to continue providing exceptional banner. And the expanded Highland Management LLC, a company founded First Tennessee won 10 awards in the experience for our clients.” team will provide oversight and ongoing in 1995. Sector retained its full team, and Small Business Banking category and three Closer to home, meanwhile, just last management for all portfolio manage- the group expanded not long after that in the Middle Market Banking category. month Argent reached a deal to merge ment functions of the combined firms. when other Argent portfolio manage- First Tennessee also was the most with Highland Capital Management, a Those are only some of the most ment professionals joined them. awarded Tennessee-based bank. longtime Memphis-based investment recent examples of Argent’s growth. The current entity is named Argent In a statement about the awards, advisory firm. Last year, Argent announced its ex- Sector Capital Management. Steve Hawkins, the bank’s executive vice Founded 25 years ago, Highland is pansion into Nashville, with the opening Before founding Sector Capital, Sec- president of corporate banking, said the led by president Steve Wishnia, who’s of a new office there that would house tor CEO Bill Gurner was the manager company’s goal is to be easy to do business joining Argent’s board of directors. Post- four employees to start. of trust investment at FedEx, where he with and to provide exceptional service, merger, Highland is keeping its name Two of the new additions were part directed the investment of $3 billion in something he said the awards prove the and management team. of Argent subsidiary Argent Trust Co. of employee benefit assets. bank is accomplishing. “We fit well together, both profes- Tennessee. Howard Safer joined Argent Today, the company’s management And finally, BankTennessee has made a sionally and culturally,” Wishnia said. Trust as its CEO and as a member of team represents more than 100 years of spate of new hires – six, to be exact. “Importantly, Highland will now have its board of directors, and Mindy Hirt collective investment experience. That Wanda Clay has joined the bank as a access to a much broader geographic joined Argent Trust as vice president and experience includes managing equity teller at the Schilling Farms office in Col- presence to deliver portfolio manage- wealth adviser. accounts for corporations, retirement lierville. ment services.” Safer joined James “Jamie” Jones as funds, foundations and more. Angelia Brown has joined as a cus- tomer service representative at the bank’s Downtown Memphis office. She has 12 years of banking experience and worked at other financial institutions in roles that Dixon Hughes Goodman Adds Associates in Memphis include as a data processor, teller and loan processor. Polly Freltofte has joined as a customer ANDY MEEK | The Memphis News see what the new graduates of account- when we go back to these college cam- service representative at the Schilling ing programs in the area have to offer,” puses and recruit for our program, we’re Farms office in Collierville. said Dixon Hughes managing partner finding out a lot of these interns have a Debra Reid Tomlinson recently joined Anthony Clark. “And this year I think lot of options, at least at the accounting as a loan processor. In that role, she’ll be ixon Hughes Goodman LLP, the we’ve really done a great job recruiting schools and where students are getting a responsible for processing loans and pro- largest certified public account- the best graduates in the field.” degree in accounting. viding support for our loan officers. Ding firm based in the Southeast, Members of the firm’s new associ- “We’ve got more competition for Nicholas Chase Huey recently joined is continuing to grow in Memphis. ate class are Ashley Kershaw, Matthew these accounting students, so we’ve got as a lead loan processor. As such, he’ll lead The firm has added six new associ- Frank, Garrett Bizzell, Samantha Abel, to show them all the great things about the loan processing team, conduct real ates to its team of CPAs, advisers and Jenna Lea Presley and Kelly Nolan. Dixon Hughes Goodman.” estate appraisals and provide support for auditors. The new class of associates “It’s been a good year, and what we’re The firm employs more than 1,700 the bank’s loan officers. at the firm represents recent gradu- seeing is it’s getting kind of harder to people in 11 states and is the 14th largest And Susan Griggs recently joined as a ates from Mississippi State University, find these good folks,” said Jay Oliph- certified public accounting firm in the commercial loan administrative assistant. the University of Mississippi, Rhodes ant, a CPA at Dixon Hughes. “I think country. In addition to comprehensive In that new role, she’ll provide customer College, Millsaps College and Christian they’re getting a few more options as accounting and advisory services, the service and support for the bank’s loan Brothers University. the economy grows. I think other firms, firm focuses on eight major industries officers. “Every year we are really excited to other companies are growing too. So and serves clients in all 50 states. 16 March 1-7, 2013 www.thememphisnews.com

Last Second emphasis: SMALL-BUSINESS SPOTLIGHT: FINANCIAL SERVICES Madness Many people in the relatively danger-free world of modern white-collar workers seem to be stressed out these days. Perhaps this is because they are ill equipped to function in the modern world. I’ve been Marston Group Grows Globally, Locally playing around with mathematics and time to help explain what is going on. Let’s start with JONATHAN DEVIN | Special to The Memphis News the premise that humans have been around for about 6 million years. That’s when the evolutionary split supposedly occurred and we humans diverged from our cousin-crea- growing accounting and finance tures. I won’t rehash all of the controversy firm is going global and local at about that split Athe same time. since it was thor- While The Marston Group’s clients oughly covered branch outward, its members share by our neighbors a wealth of business experience with in Dayton, Tenn., future business leaders here at home. in 1925. “We’re real proud of our commu- Anyhow, now nity leadership,” said Chip Marston, chris cRouch we must deal senior partner and CEO of The Marston SMART STUFF 4 WORK with a plethora Group. “Throughout our firm we have of distracting people who are involved in all manner and unsettling issues on a daily basis. For of community, civic, and charitable most of human history, these stress-inducing endeavors, and it’s something we factors were not present. For example, if we encourage as a firm. We’ve seen it to be crunched the last 6 million years into the effective in terms of leadership devel- equivalent of a 24-hour day, CNN (24 hours opment for our people.” of mostly distressing “breaking” news and Specifically, Marston and senior guys named Wolf and Piers) would not show member and chief operating officer Jimmy Dickey took on mentorship up on the scene until around the last half Photo: Courtesy of Lewis Clark Advertising Design roles in February’s Everywhere Else second of the 24-hour day. The smartphone, James “Jimmy” S. Dickey Jr. (from left), James “Chip” K. Marston Jr. and William albeit a crude version called Simon offered by Startup Conference. “Bill” C. Drummond have The Marston Group focused on global and local growth. BellSouth in 1994, would show up in the last The event drew about 1,000 startup quarter second of the day. Facebook would entrepreneurs from all 50 states and “First of all, it’s fun,” Dickey said. “It’s number of clients whose business take appear about 13 one-hundredths of a second several other countries to Memphis to great for the city. We need businesses to them all over and we maintain those relationships.” before midnight. And, the most significant compete for $60,000 in startup prize start here and stay here.” money. In the end, three women-owned Some business owners do find The Marston Group works with both of all of the vicarious stress-inducing events, businesses, Coyote Case, Care 2 Manage reason to leave Memphis, though, but individuals and companies, though “Downton Abbey,” would first air around one and AspirEDU went home as winners. continue to work with The Marston often the individuals are members of one-hundredth of a second before midnight. I But it wasn’t Marston’s foray into Group from abroad. Particularly in multigenerational families who own mean, how did the Earl of Grantham squan- the growing Kickstarter generation of the last five years, the firm’s one office, companies, trusts or estates. Its services der away so many castle-supporting fortunes businesses. which is in Memphis, has come to serve include accounting and consulting, tax in such a short period of time? He needs to “Chip and I got involved in Seed clients from Shanghai, London, Canada, preparation, general business consult- meet with that wisecracking baby who does Hatchery, both as mentors, and we’ve Mexico, Australia and Singapore to ing, litigation support for contract dis- all the TV commercials and get his financial had team members who did that as par- name a few. All have transactions taking putes and divorces, and also the attest life straightened out. ticipants in the Wolf River Angel Fund,” place inside the United States and need function, an independent review of data In other words, if we crunched all of Dickey said. “It is exceptionally reward- accounting support, tax, preparation or and research from an audit. human existence into a day, a lot of stress- ing. I’m a lifelong Memphian. I love this financial consulting as allowed under “It’s our fastest growing service line,” inducing things happened in the last meta- city. We all believe wholeheartedly that U.S. laws. Marston said. “I think that the market- phorical second. The point is, our nervous helping startup companies in this town “We have clients who used to be place has seen a lot of change and we’ve systems are way behind in development is good for everybody.” based in Memphis and for one reason been fortunate to have clients with when compared to our modern annoyances Businesses entering a startup com- or another business took them else- growing needs in the financial report- … I mean conveniences. Since it takes many petition can be at any level of establish- where,” Dickey said. “We also have cli- ing realm. A lot of our MNA consult- DNA mutations to make any adjustments to ment ranging from those with a good ents who are overseas and are now back ing transactions are aided by financial the human nervous system and we get, let’s idea but no clue where to start, to those in the states. With globalization growing reporting services a long the way. We’re see, one shot at mutating per generation, we whose business plans are well-refined by leaps and bounds over the last de- continuously building our tax depart- are not likely to automatically self-correct in but not well financed. Some are work- cade in every single area of our business ment as well as the attest function at all our lifetimes. ing on public-private partnerships. practice, we just have an increasing levels.” So, we have to switch to other methods and make the necessary adjustment manu- ally. Here are three suggestions: One, find a way to systematically and periodically unplug from all the “last second” madness (prefer- ably daily, but no less often than weekly). Take a walk, learn yoga, find a hobby or do something that gives you the sensation of being unplugged from the world. Two, learn to strategically and gracefully say no to things that don’t fit into your plan for the day. Rather than a snippy or curt no, show the request- ing person your list of current commitments and ask them if there is a possible alternative. Three, quit watching “Downton Abbey.” Every- body in that stupid castle, upstairs and down- stairs, has serious problems. You are better off watching Duck Dynasty. Those duck folks should help you feel very good about yourself and are relatively problem free. www.thememphisnews.com March 1-7, 2013 17

emphasis: FINANCIAL SERVICES Waddell’s Ideals Centered on Consistency, Honesty

RICHARD J. ALLEY | Special to The Memphis News managed alongside the $700 million total trade, and sometimes that San Francisco, he eventu- assets the firm manages. means telling people what ally received an MBA in Waddell attributes much of the compa- they don’t want to hear.” finance and investments ny’s success, as he trumpeted in Nashville, The good news from from F.W. Olin School at Owner of financial to his team, saying “we have CPAs, CFPs Waddell is that he is Babson College in Boston and lawyers on staff, so we bring a lot of ar- optimistic about the way and moved back to Mem- planning firm focused tillery to the table to do personal financial the economy is heading, phis where he’s made a on client relationships planning work.” He makes a point to men- noting three factors in par- home with wife, Stacie, tion recent additions to personnel. ticular: housing recovery, who works in the market- t a recent appearance in Nashville “We’ve made significant investments in increased domestic energy ing end of the firm, and before an audience of 100 clients, talent in the company and we really have production and that the two children. He is proud A friends and employees at the Coun- all-stars at every position, so I’ve never felt nation’s manufacturing is of the community and try Music Hall of Fame, David Waddell of better about the condition of the firm,” on the rebound. works closely with New Waddell & Associates Inc. gave his com- Waddell said. “I think 2012 will be waddell Memphis Institute, the pany’s annual state of the union address. An initial investment with Waddell seen as kind of a mid-cycle Economic Club of Mem- He did the same Thursday, Feb. 28, in & Associates is $500,000, and 85 percent slowdown for the economy and we should phis, the board of the Memphis Botanic Memphis for a crowd of 300 at the FedEx of the business is with individuals, those accelerate out of it,” he said. “People Garden and the Greater Memphis Cham- Institute of Technology. By his own admis- who tend to be semi-affluent to affluent. are starting to come out of their shells a ber chairman’s council. sion, the financial planning firm of Wad- Waddell’s objective is to get to know these little bit in the economy and that’s a sign Memphis, he said, is “gathering dell & Associates is “stronger than it’s ever clients and learn what their ultimate goals that we’ve entered the second half of the momentum” and what he’d like to see for been, and we’ve always been strong.” are, whether it’s to send their children to recovery.” Memphis is “a thriving entrepreneurial The company, begun by his father in college or leave a healthy estate behind. Waddell was born in Atlanta and class.” Waddell has a saying he and his 1986 and taken over by Waddell in 2002, For Waddell and his team, it’s about moved around before coming back to team adhere to: Performance is not an builds its business around three compo- being honest and clear and letting that his parents’ home of Memphis during outcome, it is a discipline. nents: customized financial planning, pro- potential client know up front if goals are high school where he attended Memphis “Really what I want to accomplish viding investment management services attainable and, if not, how to restructure University School. After college at Univer- over time is to be extremely consistent in on a discretionary basis and a process of and augment the goals and investments to sity of the South where he received a B.A. my level of effort and be super focused dynamic communication to keep clients make that client happy and comfortable. in economics, Waddell had stints in New on the things where I feel like I can make informed and involved. “We provide the clarity around these Jersey working for NFL Films and Charles a contribution,” he said. “Every once in a And through it all, Waddell promotes a objectives that people just can’t come to Schwab & Co. where he took a position while we’ll have a monster year of returns, consistency in clients’ relationships and in on their own because often they’re work- in Phoenix for $14,500 a year and lived in but that’s not a moment to pat yourself on the way assets are managed. The personal ing on a sense of feel instead of a sense of an apartment with no air conditioning to the back and take a victory lap because assets of Waddell, his employees and math,” he said. “I want to be known as the learn the business of financial trading. you’ve got to wake up the next day and do the business – a total of $30 million – are most authentic and honest purveyor of the After a promotion and move later to the exact same thing again.” emphasis: FINANCIAL SERVICES RENOVATED & Mortgages Jump 38 Pct. in January GENERATED.

ANDY MEEK | The Memphis News million separate from the mortgage loans within the bank. That represented a 30 percent increase over 2011. Lisa Reid, executive vice president of ortgage banking isn’t looking Magna Bank’s mortgage division, likewise as dreary right now as it has in said 2012 was a good year, and so far 2013 Mrecent years. also is shaping up to be strong. In Shelby County, mortgage activity “Right now, we’re pacing right on track began the year bouncing strongly off totals with what we did in 2012,” Reid said. “Jan- from the first month of 2012. uary was a mirror of January 2012. Febru- Total mortgage volume countywide in ary’s a little up, and it looks like March will January was up 38 percent over the same be up from last year based on how we’re month a year ago, climbing to almost $93 tracking right now. We’re anticipating a Sentrynet Building million in January from about $67 million strong year.” 1341 SycamoreSentrynet View Building Road last year, according to real estate informa- That growth in local mortgage activity 1341 SycamoreMemphis, View Road TN Memphis, TN tion company Chandler Reports, www. also coincides with a similar pattern in the chandlerreports.com. county’s broader housing market, which Office Space for Lease: Full-Floor Availability In addition to the uptick in volume, saw 1,344 home sales recorded in January. Office Space for Lease: Full-Floor Availability • Ideal location for commercial bank there were more mortgages made last That was up 46 percent from the 921 sales • Ideal location for commercial bank month – 624, up from 467 in January 2012. in January 2012. • Fully-modernized, 4-story building with new roof, The average mortgage amount also rose to Those trends didn’t reflect in unifor- • Fully-modernized,mechanical, & elevators 4-story building with new roof, mechanical, & elevators $148,901 last month from $144,640 during mity among the performance of some • 100% generator back-up that same period last year. of the largest Memphis-based banks. • 100% generator back-up • Controlled-access & 24-hour security There was a bit of a drop-off in volume First Tennessee Bank’s January mortgage • Controlled-access & 24-hour security from the end of 2012 – but only a barely volume, for example, was $622,123, down • Located in established commecial area with direct perceptible drop. Between December and from $643,607 in January 2012. • Locatedaccess to in I-40 established & I-240 commecial area with direct January, total mortgage volume fell from Community Mortgage Corp. led the access to I-40 & I-240 a little more than $94 million to January’s way during January in terms of mortgage Contact Ron Riley, 901 312 5787, or total of almost $93 million. But the num- volume. Its volume rose 37 percent from LauraContact P. Ron Taylor, Riley, 901 901 312 312 5772 5787, or ber of mortgages between December and January 2012 to last month (to almost $9.8 Laura P. Taylor, 901 312 5772 January rose, from 599 to 624. million from $7.1 million). Bank of Bartlett president Harold Byrd www.colliers.com/memphis 901 375 4800 said 2012 was a strong year for the bank’s Chandler Reports is a division of The www.colliers.com/memphis 901 375 4800 mortgage division, which closed about $70 Daily News Publishing Co. Inc. 18 March 1-7, 2013 www.thememphisnews.com

COVER STORy South Main’s New Life South Main’s era of rebirth highlighted by $100 million cash infusion

Story by sarah baker : Photos by Lance murhpey

The history of the South Main suburban sprawl – leading to relocation of St. Martin Street. indoor and outdoor gallery, exhibition and Historic Arts District is as colorful as its warehouse projects out East and Down- The facility’s footprint won’t change, support service space for arts education present-day users, an alternating rhythm town abandonment. but the way the space is used will be programs. of sorts in Memphis’ songbook. “The good news about that is we didn’t greatly enhanced by early 2014 when it re- ArtSpace vice president of properties The area has oscillated from its ritzy suffer the urban renewal that other places opens. The National Civil Rights Museum Heidi Kurtze said the tax credit applica- suburban roots of the 1800s to the indus- might have encountered,” Morris said. “All expanded to South Main Street in 2002, tion has been submitted to the Tennessee trial era ghost town of the 20th century and of the buildings that were built during the spawning aggressive and ambitious growth Housing Development Authority, which now to its current status as Downtown’s train era stayed there. People didn’t care in its proximity, said museum president makes up 70 percent of the project’s overall flourishing arts and boutique district and about them, so they didn’t knock them Beverly Robertson. funding. If those are secured in June, the subject of some $100 million in invest- down.” “The museum has been a dynamic ArtSpace will start construction in 2014. ment. And it’s all due to stakeholders who Then came 1982, when Rob and Annie economic catalyst for a lot of the redevel- “Now seems like the perfect time for braved the status quo in distinguishing the McGowan moved into the building that’s opment efforts that have gone on, which ArtSpace to be coming in with this type southern end of the Central Business Dis- currently the National Civil Rights Mu- means that it’s an even more exciting place of activity because our model really does trict as that funky place with an indescrib- seum’s gift shop. The couple invited their to be because of what we will be doing spur additional economic investment and able vibe. artistic friends to locate in South Main, redevelopment,” Kurtze said. “One of the “South Main is fully developing as a fought to protect the architectural value things I love about this project is its con- mixed-use district,” said Jeff Sanford, ur- of the neighborhood and strengthened nection to the South Main district. We’ll be ban development consultant and interim its reputation as a trendy place to live and able to highlight, promote and collaborate director of Memphis Regional Design work. That same year, 11 blocks and 105 with the Graduate School, Memphis Music Center. “It isn’t all restaurants, it isn’t all buildings were designed as the South Main Foundation and hopefully the Civil Rights galleries – it isn’t just one thing or another. Historic Arts District. Museum.” But it is evolving as a rich and diverse Meanwhile, Hollywood took notice, Tcross-section with residential, commercial and films like “Mystery Train,” “The Firm” 3. Memphis Area Transit Authority closed and entertainment.” and “The Client” were shot in the South its Request for Proposals in February for The corridor’s distinctive nature stems Main area. And a flurry of activity trans- Central Station Redevelopment Phase 2 – back to the mid-1800s when it was con- pired – the opening of the Civil Rights South Main is fully the five undeveloped acres on the east side sidered the outskirts of Memphis. Dr. John Museum and the Main Street Trolley line, of Front Street between G.E. Patterson and E. Harkins writes in his book, “Metropolis Central Station’s $23 million apartment developing as a mixed- Georgia avenues. of the American Nile,” that the now-called facelift, and the additions of Memphis use district ... . It is MATA’s ideal managing general partner South Main district was a residential Farmers Market, EmergeMemphis and evolving as a rich and would finance and manage the property municipality called City of South Mem- WEVL. diverse cross-section with development and renovations; market, phis – a “high-fashion neighborhood with In more recent years, institutions like residential, commercial and lease and manage the existing Central mansions along Beale, Vance and Linden Memphis College of Art Graduate School, “ Station structure that was reconfigured in streets” where “perhaps those with means The Blues Foundation, Memphis Music entertainment.” 1999 as a publicly funded intermodal ter- were attracted … to avoid Memphis city Foundation and other creative groups set – Jeff Sanford minal and a private mixed-use commercial taxes.” up shop along South Main. RiverArtsFest, Urban development consultant and interim director, and residential development; and develop South Main’s second era, from the early retailers, restaurants, galleries and fitness Memphis Regional Design Center. new buildings and facilities. 1900s to 1950s, was characterized by its studios also chose South Main as home. “People have been looking at that land bustling train and commerce scene. Union Morris calls this last period of South for quite awhile,” said Allison Burton, Station and Central Station, assembled Main’s history “the rebirth.” That’s be- MATA’s director of marketing and custom- in 1912 and 1914, respectively, brought cause there’s been a clear demarcation er service. “It’s a great piece of property.” 50 passenger trains daily to the district. since 2010, making way for the fifth and Houses were replaced with commercial current era that includes redevelopment, with this major renovation,” she said. 4. Greenbrier Partners LLC will soon de- and industrial development like Memphis reinvestment and a true realization that The Civil Rights Museum expects its liver two mixed-use developments totaling Brewing Co., Clarence Saunders’ Piggly “South Main is the hottest neighborhood reconstruction to have a return on invest- more than $6 million near South Main – Wiggly headquarters and “Film Row” near in Downtown right now.” ment of $182 million, including increased The Cabinet Shop and Printer’s Alley Lofts. Vance Avenue and Second Street. “We can’t lose the thing that makes local spending and employment. Named for former owner Bill Scudder “That changed everything in South South Main cool – the special vibe that and his business S&S Custom Cabinets, Main,” Paul Morris, president of the Down- really cannot be defined,” Morris said. 2. National nonprofit Artspace Projects The Cabinet Shop is a partial demolition/ town Memphis Commission, said at his “Whatever that is, we must preserve that Inc. is bringing a live/work space for lo- reuse of the century-plus-old warehouse annual “State of Downtown” speech. “Most historical character, but at the same time cal artists behind The Arcade Restaurant at 436 S. Front St. The project, slated for an of the buildings that we think about today with this over $100 million being invested, called South Main ArtSpace Lofts, thanks early March opening, involves a three-sto- in South Main were built in this era.” we must welcome new people to come in to the Hyde Foundation, the city and a ry, 29,000-square-foot building with 5,500 In 1954, South Main was introduced and have a new era of South Main.” grant from the National Endowment of feet of restaurant space, 25 apartments to rock ‘n’ roll when Elvis Presley’s Sun Those projects representing $100 mil- the Arts. The $12.9 million project entails and 25 underground parking spaces. Studio-recorded “That’s All Right” was lion in investment are as follows: renovating the United Warehouse build- The Downtown Condo Connection has broadcast on the mezzanine level of Hotel ing at 138 St. Paul Ave. and constructing already leased eight units to “a mix of ev- Chisca during Dewey Phillips’ “Red, Hot 1. Making its first renovations since a new building next to it. A total of 44 erything” but “mostly younger profession- and Blue” show on WHBQ radio. opening in 1991, the National Civil Rights units of affordable live/work space will als,” said real estate agent Nicholas Dacus. But then South Main sunk into the Museum is spending $27.5 million on be available for artists and their families Printer’s Alley Lofts are about 90 “dark ages” of the 1960s – the epoch of Dr. renovations to the Lorraine Motel and its as well as seven non-residential working percent finished with its demolition work Martin Luther King Jr.’s assassination and newly acquired administrative building on studios. There’s also 15,000 square feet of at 347 S. Front St. Greenbrier expects www.thememphisnews.com March 1-7, 2013 19

South Main’s era of rebirth is multifaceted: 1. National nonprofit ArtSpace is coming to 138 St. Paul, a warehouse owned by long- time South Main developer Phil Woodard. 2. The National Civil Rights Museum is undergoing a major renovation. 3. Poetry panels line the street south of The Arcade Restaurant. 4. Larry Hampton drives a Main Street Trolley car north through the district. 5. The Cabinet Shop at 436 S. Front St., is nearing completion. 6. Art lines a sidewalk on Front Street. 7. Daniel Mathis, left, and Richard Fields clean up a trash pile near a warehouse belonging to Lee Pruitt Interior Design and Furnishings.

final engineering and code enforcement equity. The 16-month project is expected 7. The Orpheum Theatre Memphis plans 8. In addition to capital-intensive projects approvals within the next 45 days and to to break ground in May. to build an $11 million to $14 million Per- along South Main, several smaller deals “start putting it back together in about 60 forming Arts and Leadership Centre on the are taking shape. Downtown Candle Co., days,” said chief manager Vince Smith. 6. The $30 million Main Street to Main 0.87-acre parking lot immediately to the a boutique candle concept by Downtown The Printer’s Alley project is a revamp- Street Multi-Modal Connector Project, south of the iconic theater at 203 S. Main. resident Eumora Reese, is opening its first ing of the 24,600-square-foot existing spanning 10 miles, is the region’s most Pat Halloran, president and CEO of brick-and-mortar location in March at 107 structure for 20 loft-style apartments ambitious bicycle and pedestrian project Memphis Development Foundation, said E. G.E. Patterson Ave. in between Hoot- and erecting a three-story building on its to date. the facility will help alleviate The Or- Louise and The Arcade. parking lot for nine townhome-style units, The phases will include streetscape, pheum’s overcrowding and to help build a Also coming soon is Carrot, a cupcake retail space and 17 secured parking spaces. utility, sidewalk, roadway and drainage future generation of theatergoers. and wine pairing bar at 314 S. Main. from improvements from Uptown to South The contemporarily designed facility Neil Armstrong, who moved to Memphis 5.The eight-story, 100-year-old Hotel Main; conversion of the existing roadways will first and foremost include a rehearsal after living near California’s Wine Country. Chisca was purchased in October by Main on the Harahan Bridge to a bicycle and hall and black-box theater, and possibly Doug carpenter & associates, a 3-year- Street Partners LLC for $900,000 from pedestrian bridge; and construction of administrative offices, a commercial old advertising, public relations and the Church of God in Christ. Main Street new multiuse trails to connect the bridge kitchen, a board room, dressing rooms and consulting firm, is taking up the remainder Partners – Gary Prosterman, Terry Lynch, with new Broadway Avenue improvements storage areas. of the third floor at 431 S. Main, expanding Gail Schledwitz and J.W. Gibson – plans in West Memphis. The Orpheum accommodates 60,000 from 2,000 square feet to 5,300 square feet. to pump more than $20 million into the Mike Carpenter, Main to Main project people a year, and the “state-of-the-art, Nashville-based North Star Destination 292,000-square-foot historic hotel at 272 manager, said work should start on the Ha- first-rate quality education center” addi- Strategies is wrapping up its portion of the S. Main. The renovated Chisca, which will rahan this summer and in South Main in tion will allow for an expansion of up to South Main rebranding initiative. Once likely retain its name, will have 150 multi- January 2014. While the “old bridge” is the 90,000 patrons annually. completed, the DMC will roll out the new family units and 5,400 square feet of retail. project’s centerpiece, he cautions its other “Our project is going to be a major image across websites, print ads, tours, on- “We’re going to be upscale market-rate components are also noteworthy. enhancement in the area between the street signage and a visitors guide. apartments,” Prosterman said. “We’re go- “Approximately half of the money is Main Street Mall and South Main,” Hal- “This is sort of a living organism and ing after the Downtown workforce, as well going to be spent on Main Street,” Carpen- loran said. “We’re going to draw tens of you have a lot of really passionate stake- as young people that just want the urban ter said. “That’s probably been lost in a lot thousands of people to our center every holders who have their own feeling about lifestyle.” of folks because so much has been made year, and those people are going to have an what South Main is,” said DMC vice presi- The city is spending $2 million on the about the bridge. We’re glad to be able to economic enhancement for the restau- dent of marketing and communications Chisca’s blight remediation; Main Street make some key improvements on Main rants and other businesses in the Down- Leslie Gower. “It’s a process to help us get Partners is spearheading the remaining and take care of maintenance that’s been town area. The ripple effect is going to be our arms around all of the pieces in South investment and recruitment of private deferred for many years now.” considerable.” Main to get the word out about it.” 20 March 1-7, 2013 www.thememphisnews.com

news

education Several Paths for School Funding Possible

BILL DRIES | The Memphis News her office will likely reflect a 4.63 percent range is questionable. schools merger over several fiscal years. loss of value on property for taxation pur- New schools funding at that level In that scenario, there is the possibil- poses. The projection is below the 5 per- combined with a tax increase necessary ity of an expansion of pre-kindergarten cent drop that Shelby County Mayor Mark to produce the same amount of revenue through a city of Memphis-run program Luttrell and other county leaders expected as the current $4.02 county property tax and funded with a proposed citywide Commission looking would be the low side of the property tax rate would be a combined property tax sales tax hike. Over several years, a call by at impact of property revenue loss from the declining property increase greater than 10 percent. Any President Barack Obama for more federal values. property tax hike of 10 percent or more funding of pre-kindergarten could also value reappraisals With the estimate in, the discussion requires a nine-vote, two-thirds majority translate to a pre-K expansion the school now moves to what amount of new school from the commission to win approval. system doesn’t have to include at least in funding has enough votes on the County Before the weekend retreat, Shelby the county-funded part of its budget. he most important number at a Commission, the only local funder of County Commission chairman Mike Ritz’s Parents of county school students weekend Shelby County Commis- public schools in Shelby County with the rough estimate was that a 9.9 percent tax have been the most vocal so far in their Tsion budget retreat was not the $145 first fiscal year of the schools merger that hike involves $25 million to restore the concerns about a shift away from staffing million in new funding the countywide begins July 1. Even those school board revenue lost from the drop in property levels used by the county school system to school board has asked for. members who voted for the “ask” of $145 values for taxation purposes and perhaps student-teacher ratios that either match It was a percentage – the projection by million in new funding from the county $28 million in new school funding. higher city school ratios or are in between Shelby County Assessor Cheyenne John- don’t expect to get it. If that is the ultimate outcome, it the ratios of the two school systems. son that the 2013 property reappraisal by Even the $60 million to $65 million would mean a phased-in transition to the The new county funding “ask” from the school board ballooned to $145 million when board members added back in the cost of applying the lower county school system staffing ratios across the larger city EDUCATION school system with the merger. Among those voting for the $145 mil- lion amount were members of the former county school board who said they didn’t Coexistence at Humes Possible want the merger to become a “leveling down” to city schools staffing standards. BILL DRIES | The Memphis News The Memphis City Schools levels do not include school vice principals, fewer assis- tant principals and nowhere near as many teaching and clerical assistants that are a he superintendent of the state- set up shop in Humes but agreed instead District can take the Humes building if it common feature of county schools. run Achievement School District to open in Gordon Elementary School. comes to that. By contrast, Ritz and others are certain Tbelieves there is room at Humes Memphis City Schools superintendent “I’m hoping it doesn’t come to that. the path to a nine-vote majority for a 10 Middle School for an optional school and Kriner Cash resisted turning over the But if it does we’re pretty confident that percent or higher county property tax the ASD charter school now at Gordon Humes school building to the Achieve- the way the law reads we were essentially hike would have to include two of the five Elementary School. ment School District citing its heritage serving Humes students before that suburban county commissioners. “We think we are looking at a building school was closed,” Barbic said, adding The group of five is Heidi Shafer, Steve that allows us to do both,” Chris Barbic that the Humes example could set a prec- Basar, Chris Thomas, Wyatt Bunker and said on the WKNO-TV program “Behind edent in other parts of the state. Terry Roland. They are also the minority The Headlines,” hosted by Eric Barnes, “We could see a situation where on the commission who has opposed the publisher of The Daily News. districts decide to close schools or change body’s part of the schools merger lawsuit The show can be seen at The Daily grade configurations or change atten- contesting the creation of suburban mu- News Online, www.memphisdailynews. dance boundaries as ways to get around nicipal school districts. When it comes to com. being in the ASD,” he said. “We wanted school funding, all five have been vocal in “We feel like there’s room to put the We could see a situation to make sure the law was very clear that insisting the school board still hasn’t made Gordon program back at Humes to serve where districts decide to there was no way for those sorts of things the “tough decisions” to make the system the 450-500 kids that would potentially be close schools or change to happen.” as efficient as it could be. in that middle school program from that Barbic emphasized that he is not They and Shelby County Mayor Mark attendance zone and also have plenty of grade configurations saying Memphis City Schools officials are Luttrell have generally defined the “tough room for the performing arts program,” or change attendance trying to manipulate the Achievement decisions” as outsourcing transportation Barbic said. boundaries as ways to get School District law in that way. He and and school custodial services and clos- Countywide school board members “ Hopson have said separately that they ing up to 20 Memphis schools in a single around being in the ASD. are scheduled to get an update Tuesday, We wanted to make sure continue to work toward a resolution that year – all three steps recommended by the Feb. 26, from interim Memphis City doesn’t get to differing legal opinions. schools consolidation planning commis- Schools superintendent Dorsey Hopson the law was very clear that Hopson, who was general counsel sion. The three measures came with an on the possible transition. there was no way for those to Memphis City Schools before being estimated savings to the consolidated The countywide school board voted in sorts of things to happen.” appointed interim superintendent, dis- school district of $40 million. But staffers December to close Humes as a conven- agrees with Barbic on the law. from both school systems who evaluated – Chris Barbic tional middle school at the end of the cur- Superintendent, Achievement School District “I think the board certainly has a right the planning commission recommenda- rent school year and reopen it in August to close a school and take it out of the tions dispute the savings estimates. as Bravo Academy, an optional school for ASD zone,” Hopson told the school board Instead Memphis City Schools officials the musical arts operated by the consoli- last week. “I think the board would be on recommended closing four schools and dated school system. and symbolism. An optional school at firm footing to say we closed it and we re- school board members have questioned When the current school year began Humes was Cash’s bid to compete for stu- purposed it and therefore it is not eligible even those closings. They have specifically last August, the Gordon charter school, dents with the ASD and charter schools in for the ASD.” questioned closing underutilized schools operated for the Achievement School general.Barbic and Cash made a deal for The state re-ranks schools in the state in cases where the students from those District by Gestalt Community Schools, the first school year. by student achievement every three years. schools would then be assigned to schools opened with sixth graders from the The Gordon Science and Arts Acad- The re-ranking for purposes of those where student achievement scores are Humes attendance zone. It is a gradual emy is adding another grade with the new schools eligible for the state to take as lower and in some cases part of the bottom phase-in of the charter. school year in August and Barbic is taking part of the Achievement School District 5 percent in terms of student achievement Barbic and the ASD initially wanted to the position that the Achievement School won’t happen for two more years. statewide. www.thememphisnews.com March 1-7, 2013 21

news

health care & biotech Women’s Center Expands

Health Care at Memphis VA MICHAEL WADDELL | The Memphis News

he Memphis VA Medical Center at in the military because what they had been children. 1030 Jefferson Ave. recently held $5.3 million Women’s carrying was made for men. So we hope we “Our providers are women’s health Tan open house and ribbon-cutting Center ensures top will see less back pain issues in the future.” providers that are caring, interested and ceremony to announce the opening of its Depression and post-traumatic stress trained specifically for women’s health new $5.3 million Women’s Center, which notch health care disorder are also common diagnosis seen care. Our nurses are trained for women’s should help to meet increased demand at the Women’s Center. health, and a few have been with us since for services for returning female military “This is the first year that we’ve had we opened. They do not rotate through the personnel. Overall, the number of women VA Medical Center primary engineer on a women’s psychologist (Dr. Kristen rest of the hospital,” Borgognoni said. in the military continues to grow, reaching the project that had some difficulties to Caldwell) dedicated just to the Women’s The newly designed facility has nearly 10 percent this year. The number overcome. Clinic, so that’s going to allow us to offer room available for future expansion. The of women veterans receiving health care “When renovating an existing building, more group and one-on-one sessions from hospital is currently looking for another at the Memphis VA has risen to more than you are always running into challenges a psychological standpoint for our female women’s health care provider, as an open- 5,000 last year from 3,500 in 2007. and some unknowns,” Fong said. veterans,” said Borgognoni, who pointed ing just became available. “As opportunities increase for women The new center has nearly tripled the out that all of the women’s staff of 20 are Borgognoni expects the new center in the military, we do expect to see a fur- number of exam rooms from its previous female. “We offer comprehensive women’s to see about 40 patients per day, and she ther influx of women patients,” said Kaye space of two years ago, growing from only health care, so we one provider for patients expects that number to increase as more Borgognoni, program manager for the VA eight exam rooms to 22, and all rooms that can do everything from monitoring women return from recent service in Af- Medical Center, Department of Veterans feature new handicap-accessible equip- blood pressure to gynecological exams. It ghanistan and Iraq. Affairs. The renovation and expansion of ment and electronic tables. Also new are is one-stop shopping.” “Most of the females who are coming the Women’s Center doubles its space from two procedure rooms that can be used for Among the many services available back are of child-bearing age, so that’s 5,000 square feet to 10,000 square feet. things like gynecological exams. specifically to accommodate women’s something the VA has been looking at,” South Carolina-based Harbor Services “One of the number one things we see care, the center has modern, high-tech she said. “We have all of the services that a handled the construction duties, which is back pain,” Borgognoni said. “The mili- equipment, accommodations to meet the woman of child-bearing age would need, started in 2011 according to Leland Fong, tary just issued new equipment for women needs of families, including play areas for and we are prepared.”

education

a special master at first monitor school board meetings. Based on that, the master Opinions Differ on Special Master would report to Mays on “the progress made in implementing the consolidation with a particular emphasis on progress in bill dries | The Memphis News Watch The Daily News Online, www.mem- and make specific recommendations to the adoption of the (planning commis- phisdailynews.com, for updates. Mays and the school board on the two sion) plan” as well as the selection of a Mays raised the possibility of a special issues Wade wrote “scream for immediate superintendent and adoption of a budget master during a status conference Monday attention:” the immediate selection of a for the first fiscal year of the merged school he Shelby County Commission, in which he invited the attorney for the superintendent and whether to close un- system, which begins July 1. the city of Memphis and suburban countywide school board. The school derutilized schools in both school systems. Attorney Lori Patterson, representing TShelby County leaders all agree board is not a party in the 2-year-old If the board doesn’t act on those two issues the commission, wrote that the mas- details of the merger of public schools lawsuit. The school board voted Tuesday to “within a short period of time,” the city’s ter should then “be provided with such in Shelby County could come down to a take no position on a special master. position is Mays could consult with the authority as this court sees fit to assure federal court order. The state of Tennessee filed no re- special master and make the decision on that progress is made in these areas, such But in their filings Wednesday, Feb. sponse by the Wednesday court deadline. both issues. that a full consolidation of the two school 27, in U.S. District Court for the Western The commission, the city and the The commission filing advocates that systems can occur.” District of Tennessee, there are some dif- suburban leaders all agreed that they are ferences in how the three parties in the concerned about the short amount of federal lawsuit believe the court might time, less than 124 days, until the Aug. 5 become involved directly in the merger. start of the first school year as a consoli- Two of the three advocate the return of dated school system. an emphasis on the work of the consolida- The city of Memphis and the Memphis tion planning commission and its recom- City Council said in their filing a master mendations on a merger. should be appointed by Mays “at a mini- Between the current path to a merger mum to determine if the current board being pursued by the countywide school has the present ability and/or inclination board and court-ordered terms for a to complete … tasks … necessary for a merger is a “special master” who would merged school system to begin in August be appointed by federal Judge Samuel 2013.” “Hardy” Mays. City Council attorney Allan Wade All three parties advocated that Mays wrote, in behalf of the city administra- appoint a special master. And all three tion and the City Council, that the set of said the 2011 consent decree agreed to by recommendations made last August by all parties setting the terms of the merger the consolidation planning commission clearly give Mays broad authority to act if should be a “default” merger plan in the the school board doesn’t by a certain time. event the school board can’t resolve differ- Mays has not indicated when he will ences over some parts of the merger. The make his decision on a special master. city also advocates the master move ahead 22 March 1-7, 2013 www.thememphisnews.com

real estate & development Turley: ‘You Can Be Somebody in Memphis’

SARAH BAKER | The Memphis News

ears after Henry Turley experienced slum and blight around it and let’s build it wasn’t deliberate. I was deliberately a the new things that were newly possible. the Memphis sanitation workers’ there. Let’s start at the place that ruined farmer. But I didn’t lose that reform.” I remember when (Bill) Goodwin built Y strike and the aftermath of Martin us, where it gets good, and build commu- As a developer, Turley said his core job Poplar Plaza – it was just all predicated on Luther King Jr.’s assassination, took nities of scholars. That’s a simple idea, I’ll is to fulfill the needs of the community everybody having a car, thank goodness.” advantage of the Community Reinvest- be damned if I’m wrong about that.” and society. In the 1960s, Downtown was Turley said he purposely tried to make ment Act and persuaded banks to reinvest Turley said schools to watch include in desperate need of help – and Turley deals economically successful because he in the Downtown core, not to mention KIPP Memphis Collegiate Schools, was one of the only ones helping. figured that was “the best motivator for spearheaded revitalization in the Harbor Caldwell Elementary School, Porter- “It was clear to me that I was sup- any emulation.” That’s why he abandoned Town and Uptown areas, he’s making a Leath, Memphis College Prep and Humes posed to repopulate Downtown,” Turley the two development forms of the 1980s “micro bet” on building nice neighbor- Preparatory Middle School. said. “It was clear to me that I was sup- (urban and suburban) and started think- hoods around excellent schools. A sixth-generation Memphian, Turley posed to go invest in the disinvested inner ing like the customer. Coining the process as the “communi- still favors the older parts of the city over city. It was clear to me that I was sup- “I thought a lot of people would like to ties of scholars,” Turley hopes to eventu- the far-reaching areas. But he knows posed to think of new urbanism and all live with different people and they’d see it ally counteract his theory that Memphis that it’s hard to fill the city if there isn’t of that crap. I wouldn’t take anything for as a richer life and a richer opportunity,” lost population and vitality because adequate education. having that opportunity.” he said. “I thought, ‘They don’t want to be people were afraid to send their children Turley calls himself a “social worker Many blamed the garbage strikers as all by themselves in the alternative they to neighborhood schools. It’s not so much who did things backwards and kind of the reason the Central Business District have in the suburbs. They want some a theory as it is a reality – it’s the “econom- lucked into” investments. His planned ca- was abandoned for projects out east. But point of community, a coffee shop, den- ic imperative” that he said built DeSoto reer path was that of a progressive farmer, Turley said America as a whole had zoned sity, diversity.’” County, Germantown and Collierville. reforming the one-crop system. Yet he a center city with businesses and “put the With a notebook of ideas in tow, and “Let’s take one of those scorecards and had an “unarticulated sense” of what he people somewhere else.” simply pictures – not ownership – of let’s get a real good school,” Turley said wanted to do and his father helped him “We were well on our way,” Turley the rail yard that’s now South Bluffs and at last week’s Rhodes College’s “Memphis break into the real estate business in 1963. said, citing Henry Ford and the founding the land that’s now Harbor Town, Turley Centered” speaker series on building a “I’ve really been blessed,” Turley said. of Ford Motor Co. “It made everything convinced RTKL in Baltimore to design better Memphis. “Then let’s eliminate “I mean, it just worked. I wonder why, but else possible, and so we put our energy in his vision.

INKED Hollywood Feed Expands, Renews Local Leases

SARAH BAKER | The Memphis News

Hollywood Feed has renewed and expanded two of Kyle Fagala has leased 2,100 square feet in Shoe- you treat.” its Memphis locations. maker Commons at 2176 West Street for his Saddle Creek Saddle Creek Orthodontics will offer braces and The Memphis-based natural and holistic pet food Orthodontics practice. Fagala, originally from Jonesboro, Invisalign for children and adults. Additionally, the prac- merchant is growing its 2648 Broad Ave. warehouse from Ark., graduates in May and hopes to open by June. tice will offer various aesthetic options including clear 44,400 square feet to 77,763 square feet. Fagala moved to Memphis in 2006 to attend dental brackets, clear wires, and even lingual braces – truly in- Shawn McGhee, owner of Hollywood Feed, said the school at the University of Tennessee College of Den- visible braces that are on the inside of the teeth. Lingual growth there is being driven by the increased number of tistry. He graduated in 2010 and then started a residency braces aren’t being readily offered in Memphis. stores and the performance of the company’s existing in Orthodontics that same year at UT. Founded in 1942, “That’s something that Miley Cyrus wore actually stores. Hollywood Feed has 10 stores in the Memphis UT is the oldest orthodontic program in the South and back in 2006,” Fagala said. “It’s going to be a little bit area, and intends to open six to eight new stores this year accepts only four residents each year for its three-year more expensive, but I feel like in somewhere like in Ger- in the four states that it operates in – Tennessee, Arkan- master’s program. It’s one of two schools in the state, and mantown, where a businessman really just doesn’t want sas, Mississippi and Alabama. as well as in Arkansas or Mississippi, that does a spe- to have braces that are visible or doesn’t want to have Meanwhile, Hollywood Feed has expanded its Erin- cialty in orthodontics. to keep up with trays like with Invisaline, it is another Way Shopping Center location, 4864-4870 Poplar Ave., Fagala will be the first of the past 50 residents to option.” from 3,420 square feet to 4,960 square feet. McGhee said move to Memphis and subsequently start a career. He’s Saddle Creek Orthodontics will also be working with ErinWay will have a do-it-yourself dog wash, a feature also part of the 8 percent of graduating orthodontic resi- Smiles Change Lives, a nonprofit that provides pro bono that has been well received at Hollywood Feed’s Midtown dents that start their own practice from scratch. orthodontic care for low-income patients. location, as well as “do it for me kind of dog grooming” “The school is here in Memphis and for whatever “Our goal is to improve self-esteem and oral health area. reason, everyone always leaves or goes somewhere else,” for children who wouldn’t normally have the opportunity On top of that, the ErinWay store is a prototype test Fagala said. “Which I don’t understand because moving for straight teeth,” Fagala said. store for Hollywood Feed, so it has a lot of merchandise here seven years ago in Memphis, I really liked the Jon Albright with Sperry Van Ness/Investec Realty that the other stores don’t have. city, I’ve kind of fallen in love with it, and I want Services LLC represented the landlord, Andrew “By increasing the square footage, it allows us to keep to stay here.” Shoemaker of Shoemaker Financial, in lease adding new and different unique items that we can keep Since the last guy from UT that Memphis negotiations. The architect for the project is testing in it,” McGhee said. retained was a dozen years ago, Fagala said Michael Walker. Frank Dyer III of Loeb Realty Group represented the there’s a big gap for a young orthodontist to The landlord – Metro Investments Co., tenant. Laura Reece and Carey White represented Loeb fill. There’s also only a handful of orthodon- part of Belz Enterprises – was represented by Properties Inc., the landlord. tists in Germantown currently. Trip Spear with Belz. “There’s a lot of orthodontists who are In other commercial leasing news, a 28-year-old getting close to the age of retirement,” he Send commercial lease announce- Memphis transplant in the University of Tennessee Mas- said. “I think one of the advantages there ments to Sarah Baker, who can be ter’s Orthodontics program has inked a lease for his own in terms of need for the community is reached at 521-2464 or sbaker@ practice in Germantown, and he’s the first resident in 12 a lot of new techniques you’re able to memphisdailynews.com. years to graduate and stay in Shelby County. learn in school apply to the patients www.thememphisnews.com March 1-7, 2013 23

Alas, Poor Henry and the Problem of Not Listening to Customers

According to legend, and cannot be traced back to the writings identify the unmet needs and their real and design a wildly new solution that Henry Ford scoffed at market research or sayings of Henry Ford. Ford was too desires. After you understand their world solves a human problem. and what we now call Consumer Insights, smart and too shrewd to ignore custom- and their perspectives, you can validate So, if you walk into a new product proclaiming, “If I ers or to act like a these findings with a mix of empirical, meeting and the pipeline manager begins had asked people tone-deaf, singularly observational, and even intuitive modes by saying “Henry Ford said … ,” just laugh, what they wanted, gifted inventor. He and methods. tell him or her that you find the brazen they would have knew his audience The real key to creating a disruptive, notion amusing and you appreciate the said faster horses.” – and this insight breakthrough innovation is discernment. creative thrust that birthed the product While there is a drove him to find By knowing the context of the people in concept; however, we need to test the certain degree ways to design a the market, you know the gaps. In these need and validate that it is a problem the of wisdom in this process that en- gaps dwell the seeds of future market market will pay for. JOCELYN ATKINSON statement, it has & michael graber abled the vision of leadership. Here, your customers can give you been misquoted to let’s grow an affordable car for The issue is one of orientation. If you visceral context of what the market will justify bad, hubris- the masses. The key approach an innovation project or a ven- or will not accept. Letting them back up inspired product failures by too many to success and good design that wins in ture with a rigid, fixed notion of what the into problem solving around the market corporate egos. the market: knowing your audience. market needs, and you have not actually need will give you many more product Yes, to Ford’s credit, sometimes the vi- If you give people a chance – and also bothered to check with the market, you concepts. A few of these ideas may be sionary impulse of the inventor lives out- employ formal discovery, ideation, and have paid a great disrespect. pure gold. side of convention. However, Ford made brainstorming processes and methods You have also created a wall be- a mistake by thinking of his customers as – they can help your company define the tween you and reality. You are creating in Jocelyn Atkinson and Michael Graber unimaginative drones and an objectified, real problems in the market. You have to vacuum. run the Southern Growth Studio, a strategic uncreative herd. let consumers or customers (if you are Consumer or customer insights can growth firm based in Memphis. Visit www. In reality, this quote is an act of fiction a B2B company) co-create with you to help your company define the real needs southerngrowthstudio.com to learn more.

175 peabody place neighboring parking garage. memphis, TN 38103 The previous owner, operating REAL ESTATE RECAP as Fairwood Investors, leased the Loan Amount: $22.5 million hotel from Memphis City Center Loan Date: Feb. 14, 2013 Revenue Corp. through a payment- U of M Files Permit Maturity Date: March 2018 in-lieu-of-taxes agreement. Borrower: CWI Beale Street Hotel LLC 3815 Advantage way For New Residence Lender: Wells Fargo Bank NA memphis, TN 38128 Details: The new owner of the Hampton Inn & Suites Memphis- Sale Amount: $7.2 million ERIC SMITH | The Memphis News Beale Street at 175 Peabody Place Sale Date: Feb. 15, 2013 Downtown, has filed a $22.5 million Buyer: 215-39 Jamesbridge loan on the property after acquiring Holdings LLC the 144-room hotel. Seller: R. Spencer Clift III, substi-

Deloach St Central Ave CWI Beale Street Hotel LLC – an tute trustee affiliate of Lake Forest, Ill.-based Details: The 432-unit Jamesbridge Carey Watermark Investors Inc. – apartments at 3689 James Road in filed the leasehold deed of trust, Raleigh sold to a special servicer for

Central Cove assignment of leases and rents, se- $7.2 million after a foreclosure.

curity agreement and fixture filing A single-purpose entity called Patterson St Patterson Innovation Dr Feb. 14 through Wells Fargo NA. 215-39 Jamesbridge Holdings LLC – The company on Tuesday, Feb. an affiliate of Bethesda, Md.-based 19, announced it had bought five CWCapital Asset Management LLC U of M New Residence hotels in the Hilton Worldwide – bought the multifamily property portfolio from entities related to in a Feb. 15 substitute trustee’s deed Fairwood Capital LLC. from R. Spencer Clift III of Baker, Norriswwood Ave In addition to buying the Hamp- Donelson, Bearman, Caldwell & ton Inn Beale, Carey Watermark Berkowitz PC. 3615 Central Ave. • Memphis, TN 38111 Investors bought hotels in Georgia, A first-run foreclosure notice Louisiana, Alabama and Texas. was filed in January against the for- 3615 Central avenue CWI’s total investment in the mer owner, Jamesbridge Group LLC, memphis, TN 38111 properties is “approximately $104 which had defaulted on a $13.5 mil- million, including acquisition-relat- lion loan through Lehman Brothers Permit Cost: $43.5 million ed costs and $64.5 million of debt,” Bank FSB dated Sept. 21, 2006, and Project Cost: $53 million according to a press release. later owned by LaSalle Bank NA. Permit Date: Applied February 2013 “The portfolio represents an This was the second foreclosure Completion: TBA opportunity to invest in five Hilton notice filed on the property for the Owner: Tennessee Board of Regents branded hotels that have been same loan. Then-deed holder Bank Tenant: University of Memphis recently renovated and offer strong of America brought foreclosure Architect: N/A in-place cash flow,” Michael Medzi- proceedings against Jamesbridge Contractor: Rentenbach Constructors gian, chief executive officer of CWI, Group in 2009. Details: The University of Memphis has filed a $43.5 million permit with the said in a statement. “The Memphis The Jamesbridge sits on 29.76 city-county Office of Construction Code Enforcement for a 285,300-square-foot and Atlanta properties are high acres on the south side of James residence hall on campus. The permit lists the Tennessee Board of Regents – the quality urban assets … .” Road in Raleigh. Its addresses are system that operates the U of M and other colleges throughout the state – as the Built in 1999, the 88,528-square- listed as either 3689 James Road or owner of the property at 3615 Central Ave. foot Hampton sits at the southwest 3815 Advantage Way Drive, between No contractor or architect is included on the permit application, but the State corner of Peabody Place and South Jackson Avenue and Highland Road. Building Commission last year awarded the construction and construction man- Third Street. The Shelby County The complex contains 351,020 agement contract to Knoxville-based Rentenbach Constructors. Assessor’s 2012 appraisal was $12.5 square feet and is dotted with lakes The project calls for a $53 million, 754-bed, five-story residence hall that will million. and pedestrian bridges. Its 2012 ap- replace the 40-year-old Richardson Towers when it opens in 2015. The transaction also includes a praised value is $6.4 million. 24 March 1-7, 2013 www.thememphisnews.com

Message From memphis Law Talk The DOC Riley Takes Reins The voice mail message on my private office line went like this: “This is (name omitted) at (address omitted). Recycling gave me this number. I’m trying to get a trash barrel for my house. It’s Of Association For been three months since we had one, and I’m using my neighbor’s. Someone get in touch with me as soon as possible at (phone number omitted).” The caller would have heard my voicemail mes- sage before leaving that message: “This is Judge Vic Women Attorneys Fleming, Little Rock Traffic Court. This is NOT Little

Rock Public Works. Leave a richard j. alley | Special to The Memphis News message. I’ll call you back.” I receive several calls a month from people who have misdialed, by one ran Riley was named presi- Neighborhood Housing digit, the number for the dent of the Association for Development Corp., a department that’s respon- Women Attorneys at the orga- nonprofit that built and sible, per the city’s web- F nization’s 33rd annual banquet and renovated homes for VIC FLEMING site, for “providing garbage silent auction last month. first-time homeowners I SWEAR collection and disposal Riley is a law clerk to the five in the area southeast of services, maintaining the judges of the U.S. Bankruptcy Court where FedExForum now City’s traffic systems, cleaning streets and drain- for the Western District of Tennes- stands. age systems, maintaining City maps, maintaining see. Through all of this, City-owned buildings and facilities and much, much “It (bankruptcy law) incorpo- Riley, said, “I was always more.” rates many other types of law in that interested in law and law When I answer the phone and it’s one of these there are often property disputes always touched on every- calls, the caller usually says, “I’ve got the wrong and security disputes,” she said. “Al- thing I did, so I thought number.” And I interject, “If you’re calling Public though it is a specific type of law, it it would be a wonderful Works, you missed by a digit,” and I give the correct is a wide-ranging law. … Working for idea to go to law school.” number. the court, you get to see all facets as Taking the time to I’ve never not called someone when, as here, the opposed to seeing only your client’s do so, she said, was an caller doesn’t understand my greeting and leaves a side of an issue.” “absolutely fascinating message The AWA is 200 members thing to do midway in asking strong and including both men and your career.” I Swear Crossword for City women. Riley graduated in services. The organization was founded in 2001 and went to work Fleming’s weekly puzzle Page 30 Especially 1979 and its members are, accord- for Humphreys Dunlap if they’re ing to the organization’s website, Wellford Acuff & Stan- upset, my not calling to tell them about their error “dedicated to supporting each other riley ton, a general and civil would merely exacerbate an already tense situation. as attorneys, educating themselves law practice focusing on So, I called the number this person had left. I got and others in the law, and being of business law, housing law a voice mail greeting: “This is D.O.C. I’m not able to service to the community with par- Hurricane Agnes resulted in disas- and an extensive amount of Chapter take your call right now, but please call me back.” ticular reference to the legal needs trous flooding in her region to work 11 bankruptcy law. Hmm, I thought. The greeting did not identify of women.” with the U.S. Depart- “That helped it mesh,” she said. the greeter. The voice was different from the person Riley became ment of Housing and “That was the before and the after.” who’d left the message. “D.O.C.,” I figured, stood for involved with AWA as Urban Development. Chapter 11 is the business reor- Department of Corrections. I assumed the caller a student at the Uni- She went back ganization section of the bankruptcy was a probation or parole officer. The greeter did versity of Memphis to school to finish code and she would “functionally not say leave a message, but rather “Call me back.” Cecil C. Humphreys her degree and then analyze the feasibility of a business moved to Washing- to be able to continue to emerge That’s OK, I guess, for someone who gets a lot of School of Law when she met attorney ton to work for U.S from bankruptcy and to be profit- calls from supervisees. Francis Loring. Housing and Urban able.” I called back a little while later. “Hello.” “She was some- In the law, you Development. As president of AWA, Riley plans “This is Judge Vic Fleming, Little Rock Traffic one you could learn In 1976, Riley to continue the practice of present- Court. Who am I speaking with?” tend to get into a lot from and she came to Memphis to ing scholarships to law students and “(Name omitted.) How’re you doing, Judge?” one field of the encouraged me to work for the Mis- awards to professionals, as well as “I’m fine. Someone left a message on my line law and often you become involved in sissippi-Arkansas- instituting a more formal mentor- asking for a garbage barrel –” AWA when I was a law are confronted Tennessee Council ing program of, not just students, “That must have been my son.” student, and I can with the need to of Governments, a but professional-to-professional “Maybe so, but here’s the deal. The number “ programs. say I have very much know something regional planning for Public Works is one digit off from mine, so you personally benefited agency. “In the law, you tend to get into won’t get the barrel unless you make call the right more than you from AWA,” Riley That led to a one field of the law and often you number.” Which I then provided. do in another said. stint as interim are confronted with the need to “Thank you, Judge.” The organization field, and it is director for the city know something more than you do “You’re with the Department of Corrections, offers a Marion Grif- wonderful to of Memphis’ Divi- in another field, and it is wonderful right?” fin-Frances Loring have folks that sion of Housing and to have folks that you can call on “Huh?” Award for outstand- you can call on Community Devel- and learn from their expertise,” she “Department of Corrections. Your voice mail ing achievement in and learn from opment. said. greeting said D.O.C.” the legal profession, From there, Riley Riley has traversed a career of “No, sir. My nickname’s Doc. I work at …” He won this year by U.S. their expertise.” became executive new experiences and opportuni- called the name of a local restaurant. I’m a cook.” Bankruptcy Judge – Fran Riley director of the Mem- ties eagerly, and hopes to bring an I held off on the belly laugh I was about to have. Paulette J. Delk. phis Design Cen- emphasis on education and com- “Well, you tell George I said hello.” George, whom Riley’s legal career ter, where she was munal learning to her tenure leading I’ve known for 30 years, owns the restaurant. is not her first. Born able to work with the AWA. “Yes, sir. Next time you come in, you ask for me in Scranton, Pa., she architecture students “When we educate more and and I’ll fix you a great burger!” attended Pennsylvania State Univer- on the initial conceptual design for enhance the practice of law,” she Vic Fleming is a district court judge in Little Rock. sity to study community develop- turning the Lorraine Motel into the said, “the shared knowledge and ment. National Civil Rights Museum. improved skills are a benefit to all She took a break when 1972’s Next was the St. Patrick’s of us.” www.thememphisnews.com March 1-7, 2013 25

Memphis STANDOUT Campbell Clinic’s Mihalko Keeps Athletes in the Game

JONATHAN DEVIN | Special to The Memphis News Because he works in Campbell Clinic’s Usually joint pain occurs when the and patients are followed closely for a Southaven location, which is smaller than cartilage, which cushions the bone parts year. Now that hip preservation has been its other three locations, Mihalko’s patients of a joint, tears or becomes damaged. around for more than five years, the long- are not specialized. He sees children in- Sometimes this happens because of term effects can be studied more closely. ompetitive athletes face tough jured in accidents, seniors whose joints are abnormalities in the bones structure like Mihalko and Dr. Bill Mihalko, also of choices when it comes to fixing wearing out, as well as athletes. a burr grinding against Campbell Clinic but not Cworn-out joints and no one knows He himself is a lifelong jogger who the cartilage, a condition related, are working together that better than another competitive started swimming competitively for the called Femoroacetabular on research to determine the athlete. first time about nine years ago. Friends impingement or FAI. impact of hip preservation Dr. Marc Mihalko, a triathlete and then convinced him to compete in triath- Mihalko operates on bone stability. orthopaedic surgeon for Campbell Clinic, lons and he’s been doing it ever since. He arthroscopically using a “We’re making some uses new technological innovations to also enjoys skiing and snowboarding with tiny camera to guide the deeper layer incisions in help other athletes remain in the game. his two sons. Professionally, he’s fascinated shaving of the bones and the hip joint,” Mihalko said. “There’s nothing better than getting by the hip joint. the sewing of the cartilage. “And we’re trying to figure someone who can’t do their sport back to “I’m really interested in hips and I do Sometimes arthroscopy is out how that affects the succeeding in what they want to do,” said a lot of hip replacements,” Mihalko said. not possible and a more stability of the hip. If I cut Mihalko, who has been with Campbell “I’ve been branching out into a new field invasive incision is neces- this much, is that going to Clinic for the last 15 years – five as a resi- on the sports medicine side of hip surgery. sary, but it still avoids a full change how stable or how dent and 10 on staff. There are patients who 10 years ago we’d hip replacement. much mobility is in your Mihalko is originally from New Jersey have told them we don’t have anything to That’s important hip. We’re doing a cadaver but moved to Nashville with his family offer you. Now we do.” because full replacements study to see how it changes during high school and went to college at Specifically, hip preservation tech- come with limitations to MIHALKO people’s hips.” the University of Tennessee at Knoxville. niques have developed in the last 10 years mobility that may prevent Mihalko has also written He stayed with UT for medical school and largely due to improvement in surgical athletes from being able to compete. Mi- chapters on his research in a Campbell was hired by Campbell Clinic immediately equipment. Some hip replacements can be halko said that youth sports are becoming Clinic textbook published earlier this year after his residency. delayed for years or prevented altogether more and more competitive, the injuries titled “Campbell’s Operative Orthopae- Choosing orthopaedics as a specialty by less-invasive surgeries. are occurring younger, and the surgeries dics.” The book is sold around the world in came with immediate professional gratifi- “We’ve found that there are a lot are becoming more common. seven languages. cation. of conditions, which if left untreated, Mihalko performed about 20 of the Educating doctors and the public “With orthopaedics, there are a lot wind up going on to have a hip replace- surgeries in 2011 and 50 of them in 2012. about these processes is now key to the of things you can actually fix,” Mihalko ment,” Mihalko said. “These are people “They still might get to a replacement, research, he said. said. “With some medical problems it’s very young in their lives so to have a hip but our hope is that we can delay that at “Usually people have seen several doc- an ongoing problem that never really gets replacement is devastating. You have to the worst and hopefully one day prevent tors before they get to us,” Mihalko said. cured. With orthopaedics you can really tell people that they have to change their it,” Mihalko said. “People aren’t aware of these processes. see someone get better.” activities for the rest of their lives.” Rehab takes three to four months Even we didn’t know 10 or 15 years ago.” 26 March 1-7, 2013 www.thememphisnews.com

GOVERNMENT Commission’s School Debate Has Political Crossover bill dries | The Memphis News

hen U.S. District Court for the principal has identified what he wants and in county government to voters across the county a place where people want to live,” Western District of Tennessee here we go.” county on the August 2014 ballot. he said. “I just don’t think it is our business W Judge Samuel “Hardy” Mays Ritz commented just before Monday’s The five-year grace period ordinance where people live.” summoned attorneys from all sides in County Commission meeting in which the was stripped of an amendment that would Commissioner Henri Brooks agreed the schools merger case to his conference commission’s agenda and discussion were have exempted all teachers currently with Bunker, something that happens just room Monday, Feb. 25, there was someone working for both school systems from hav- about as often as Shafer agrees with Bailey else in the room. ing to comply with the residency require- – rarely. Mays specifically invited Valerie Speak- ment. “Why would we be so punitive to a man, attorney for the countywide school But the commission left intact a sec- handful of teachers?” Brooks asked. “We’re board, to the status conference even ond amendment that exempts teachers not using common sense. We are going to though the school board as an entity is not and staff hired before Sept. 1, 1986. That drive away experienced teachers. I don’t a party in the 2-year-old lawsuit. was the date the county home rule charter want to burden people who are charged Mays, quizzed Speakman according to took effect. The home rule charter includes with educating our children.” those present, about what steps the school the residency requirement for county gov- Meanwhile, the commission approved board has taken toward the scheduled Aug. We don’t need freeloaders ernment employees that includes Shelby a resolution delayed at two previous meet- 5 date when classes begin for the consoli- and that’s what they are,” County Schools teachers. Memphis City ings to transfer $300,000 from the commis- dated school system. Commissioner Walter Schools does not have a residency require- sion’s contingency fund to pay legal fees What he heard prompted him to Bailey said of educators ment. from the municipal schools court case. consider appointing a special master to who work for Memphis City As it did last week in committee, the And the body voted down a resolution oversee the merger. All sides in the lawsuit commission debate quickly moved into that would have instructed attorneys for Schools but live outside have through Wednesday, Feb. 27, to file “ the issue of residency requirements. And the commission to drop that part of the their responses, including names of people Shelby County. “They are in that debate, commissioners lined up federal court case dealing with municipal Mays might appoint to the position. exploiting us.” differently. school districts. “I think if that’s what the judge wants, “We don’t need freeloaders and that’s With both resolutions, commission- that’s what we’re going to have,” said what they are,” Commissioner Walter Bai- ers moved back to the 8-5 split that has Shelby County Commission Chairman ley said of educators who work for Mem- defined the body on schools merger issues Mike Ritz, who was briefed by the commis- dominated by items related to the schools phis City Schools but live outside Shelby that don’t stray into other issues. sion’s attorneys but who waited outside merger. County. “They are exploiting us.” Commissioner Terry Roland argued the conference room with reporters. The commission approved on the sec- Commissioner Heidi Shafer agreed. the commission should drop its court “They haven’t been there before,” he ond of three readings Monday, Feb. 25, an “Apparently there is no place safe challenge of the state laws governing the said of the presence of school board attor- ordinance that give Memphis City Schools enough to live in Shelby County,” she said formation of municipal school districts fa- neys. “They are not a party to the lawsuit teachers living outside Shelby County five sarcastically. “It is so onerous. In fact, I vored by suburban leaders. He argued bills and obviously they knew what they were years to move within Shelby County. don’t even know why I live here.” now pending in the legislature mean the going to be asked. They also approved on first reading an Commissioner Wyatt Bunker, however, municipal schools districts will become a “I think they knew they were coming in ordinance that would put the question of saw the issue differently. reality regardless of what Mays rules in the there to see ‘the principal.’ And I think the eliminating any residency requirements “This should be about making our pending case.

EARNINGS The ServiceMaster Co. Posts Operating Loss for 2012

BILL DRIES | The Memphis News

he ServiceMaster Co. reported an “up to our expectations.” metric Mullany has been trying to turn door-to-door neighborhood marketing, unaudited operating loss of $532.8 In the earnings conference call with around since he became ServiceMaster which also led to some of the revenue Tmillion in 2012 on operating rev- analysts Tuesday, Mullany again talked CEO nearly two years ago. drop in previous quarters. But the division enue of $3.1 billion. about the company’s drive to improve One of Mullany’s first actions as CEO in has also had some surprises including an The year-end preliminary numbers performance in its TruGreen lawn care April 2011 was to change the leadership of adverse customer reaction to its Healthy for the Memphis-based provider of home division as he noted the company’s results TruGreen, bringing in Terminix president Lawn program offered to residential cus- and commercial services and franchises showed growth, excluding the TruGreen Tom Brackett, on what was supposed to tomers at a premium price for year-round released Tuesday, Feb. 26, compare to an results. be a temporary basis to apply some of treatment. operating income of $375.5 million in ServiceMaster includes the TruGreen, the Terminix sales practices to TruGreen. Mullany said in November the compa- 2011. Terminix, American Home Shield, Service- Brackett’s position at TruGreen became ny would move toward offering customers Meanwhile, fourth quarter numbers for Master Clean and Merry Maids brands. permanent. more choices in 2013 in what continues to ServiceMaster showed operating revenue Excluding TruGreen, Mullany pointed Brackett resigned in October and be a “redesign” of TruGreen offerings. of $676 million, which was down 2.5 per- to a growth in operating revenue for David Alexander, the former CEO of urban By company segment in the fourth cent from the last three months of 2011. ServiceMaster of 5.2 percent for the year retailer Citi Trends and chief operating quarter, Terminix posted operating And the company’s fourth quarter operat- over 2011. TruGreen operating revenues in officer of Family Dollar Stores and a retail revenues of $289.3 million, a 5.6 percent ing income also dropped 12.4 percent to the fourth quarter dropped 14.3 percent consultant, was named in December as increase from the fourth quarter of 2011. $39 million from a year ago. to $183.6 million compared to the fourth TruGreen’s new president. ServiceMaster Clean reported operat- ServiceMaster CEO Hank Mullany quarter of 2011. The company attributes The change in methods has included ing revenues of $40.5 million for the quar- described the company-wide results as not that to a decline in customer counts, a key de-emphasizing the lawn care service’s ter, up 10.6 percent from a year ago. www.thememphisnews.com March 1-7, 2013 27

Newsmakers ‘New World Keller Named President of Meritan Marketing’ kate simone | The Memphis News For more than a decade, companies have slowly shifted their focus to fit an era of deep consumer engagement. They have be- gun to embrace social media management, and they are better integrating print and TV Melanie A. Keller has been named president of Meritan Inc. Keller, campaigns with their online and social media who joined the nonprofit social services agency in 2006, previously presence. Unfortunately, it’s not enough. served as its executive vice president. More must be done to engage consumers who have become increasingly resistant to Education: Bachelor of Science in Meritan’s skilled medical services. traditional “push” marketing – making 2013 Nursing and Master of Health Admin- the year of consumer engagement. So what’s istration, both from the University of What do you consider your great- driving this new marketing paradigm? Memphis. est accomplishment? I received the Consumers have become increasingly re- parent-of-the-year award for the past sistant to feeling ma- Family: Husband, Stan Keller; three two years from my children’s school, nipulated. They will children: Megan, Trey, and Annamarie. Woodstock Middle School. For me, this quickly sniff you out honor came as a personal affirmation if they believe you Who has had the greatest influence that, although I work many hours, I can are using them only on you? I am blessed with supportive maintain a balance between my pro- KELLER for your own benefit. and encouraging parents. fessional life and my role as a mother. Consumers trust Abby Wallace, assistant other consumers What attracted you to Meritan? What do you most enjoy about your district attorney for the Shelby (even if they don’t Meritan has a long and excellent his- work? I work with an amazing group of County District Attorney Gen- know them) more Lori turner- tory of providing quality service to the people at Meritan. They are smart, en- eral’s office, has been named than they do brands. wilson community. The majority of Meritan’s ergetic and fun to be with. I always look guerrilla sales one of America’s Top Ten Animal As such, empowered, staff had worked there for decades, forward to coming to work. and marketing Defenders by the Animal Legal price-driven, critical and I found the world inside of Meritan Defense Fund. ALDF chose Wal- consumers are turning to social media and to be positive and supportive. I felt at What advice do you have for young lace for criminal prosecution online review sites for feedback about brands home there right away. people? You don’t have to have your related to abuse at the Memphis which they are considering. entire life figured out by the time you Animal Shelter. In fact, today’s consumers are typically What are your goals in your new po- graduate high school or even college. highly educated about your brand before ever sition? I have two immediate goals: to But you should always have short- and Magna Bank chief lending speaking to you. These online channels serve make sure that Meritan operates with- long-term personal and professional officer Ted Simpson has been as your front-line sales team. Are they making in a balanced budget and to expand goals to help you stay on track. promoted to senior executive the right impression and motivating consum- vice president from executive ers to further connect with your brand? vice president. Rebecca Floyd has When consumers make brand contact, been promoted to department they seek true one-to-one engagement ver- manager for the private banking sus simply a barrage of one-way marketing group. Tiffany Riggins has been messages. Consumers want brands to talk promoted to vice president of with them versus at them. They seek a variety human resources. And Victoria THE LOCAL of messaging through a variety of channels Barnes has been promoted to as- that paint a consistent picture of the brand sistant vice president and branch experience you offer. manager of Magna’s Cordova You can no longer count on traditional branch. OF advertising alone to interrupt consumers and capture attention. There is simply too much VOICE Erinn Figg has joined the advertising noise, and consumers can very Memphis office of Obsidian Pub- easily turn it off for self-preservation (e.g., lic Relations as account manager. DVRs allow for skipping of TV commercials Figg previously served as an and billboards don’t guarantee visibility due account vice president at archer- MEMPHIS to passengers preoccupied on smartphones). malmo. It’s not an easy task to engage more deeply 4MEMPHIS SHOW Seth Colley has joined Great- with consumers when they have the power to West Financial as regional sales so easily disengage. with EARLE FARRELL director for its bank markets American Express chief marketing officer Monday – Friday 3:00 pm – 6:00 pm business. Colley will assist bank John Hayes said: “We went from a monologue advisers in Great-West Financial to a dialogue. Mass media will continue to play a role. But its role has changed.” Want to hear some good news about the Mid-South? Try retirement income and life insur- So what’s the answer? Start by embrac- The Earle Farrell 4 Memphis Show! It’s a show about art, ance products to bank clients ing the fact that everyone on your team is LISTEN LIVE businesses, entrepreneurship, film making, music, and so across Tennessee, Alabama and responsible for marketing. Consumers see kwam990.com much more. It’s something different everyday. Listen to Kentucky. AM990 for local talk! every point of contact with your company as Timothy Gibson, St. George’s part of the brand experience. To truly connect Independent School counselor, with customers, your email, phone, social me- has been named a Counselors dia, website and in-store dialogue with cus- That Change Lives awardee by tomers must all leave them feeling as though the Colleges That Change Lives they’ve been a part of something special. board. The awards recognize That’s why a much broader cross-section of counselors who best promote and your staff must be coached in the art of con- support a student-centered col- sumer engagement, with many also needing lege search process. specific training in the art of digital and social media marketing. Marketing is no longer First Tennessee Bank has handled in isolation by a single department. won 13 national and regional In this new era of consumer engagement, Greenwich Excellence Awards every employee with customer contact is an Want to be part of The Earle Farrell 4Memphis Show? for customer satisfaction in U.S. extension of your marketing team. Contact us at [email protected]. small-business and middle mar- ket banking. 28 March 1-7, 2013 www.thememphisnews.com

ENTERTAINMENT COMMUNITY Memphis in May Touts 68-Act Dunavant Honoree Aims Opening Weekend For Efficient Jury Process

BILL DRIES | The Memphis News BILL DRIES | The Memphis News

he 37th edition of the Memphis In May International Festival’s Beale TStreet Music Festival features a 68- act lineup from Alice in Chains to ZZ Top. The lineup of musical performers playing over three days from May 3 to May 5 was formally announced Thursday, Feb. 28, although much of the lineup had already been confirmed. The performances across three stages, a blues tent and a small blues “shack” rep- lica stage in Tom Lee Park feature 31 artists who are making their debut at the festival. That includes Friday night headliner Alice in Chains, whose 2010 date at the festival was scrubbed because of bad weather. Saturday headliner The Black Keys is also making their debut at the festival that began in the mid-1970s on a parking lot next to The Orpheum theater. The two other Saturday headliners are The Roots and ZZ Top. The other Friday head- liners are Hall and Oates and BassNectar, an electronic dance music act coming to Memphis as the festival expands into the genre with a new feature. The Beale Street Music Festival will add a late-night feature on Saturday called “The Park After Dark” that features DJ Porter Robinson and his brand of electro- house. The three Sunday headliners are Photo: Lance Murphey Black Crowes, Flaming Lips and The Shelby County Jury Commission director Clyde “Kit” Carson and his wife attend a luncheon at the University of Memphis Holi- Smashing Pumpkins, who are making their day Inn, where Carson was honored with the Bobby Dunavant Public Service Award by the Rotary Club of Memphis East. festival debut. The Crowes’ headlining sets at past Beale Street Music Festivals are a or Clyde “Kit” Carson, the road “I said, ‘I wouldn’t want your job,’” challenged for cause,” he said of the jury part of the event’s rich heritage. to becoming Shelby County Jury Carson said. “She said, ‘I need a resume math. “Be aware of how many people The Rock and Roll Hall of Fame class Fcommissioner began when he was by 3 o’clock.’ I was scared to tell her no.” are seated in the back of the courtroom represented on stage this year includes 16 years old and looking for as much Carson said his job involves some when we get the jury selected that we Patti Smith and Public Enemy, who is in time driving a car as possible. citizens called for jury duty in state civil never spoke to. Let’s try to reduce the the 2013 Hall of Fame class. Then-Circuit Court Clerk Clint and criminal courts who are looking to number we order. It’s been something The lineup of Memphis or Memphis- Crabtree, who attended the same church get out of it. But he is quick to add that it the judges have endorsed.” connected artists includes Jerry Lee Lewis as Carson, hired him to work in his cam- is probably not as many as most people Working with judges, new cases are for what is becoming an annual festival paign. When Carson turned 18, Crabtree think. now set for trial on Monday. event. Mavis Staples, Lucero, Star & Micey hired him to work in the office. He began “About 1 or 2 percent of the people “That doesn’t mean they don’t start and Al Kapone are also part of a diverse as a runner retrieving files from the I talk to are trying to get out. The rest of cases on Tuesday or Wednesday,” Carson Memphis contingent represented across basement of the Shelby County Court- them that I talk to … they don’t mind was quick to add. “But at least they have the three days. house. He remembers Crabtree saying coming to jury duty,” he said. “It’s not everything set on Monday and they kind By decade, the lineup is heavy with many employees worked for the county really what they want to do. But they un- of know what’s coming.” big names from the 1990s, some tour- for 25 or 30 years, until they retired. derstand the importance of it. They don’t A call system like the one used for ing behind new releases including The “At 18, I thought there’s no way,” mind coming. They just want to make federal district court jury duty is an Wallflowers, Sheryl Crow, The Deftones Carson recalled 33 years later. “I didn’t sure life’s going to still be going on when option Carson hears a lot about. But he and Cracker. know what 25 or 30 years was. I had no they get through with it.” qualifies prospective jurors for many Austin blues guitarist and actor Gary idea what he was talking about.” He regularly gets calls from jurors more courtrooms, which would require Clark Jr. is back at the festival after a year Carson was awarded the Bobby Du- picked to serve on juries who call after having twice as many citizens at a time of hard touring on the festival circuit as navant Public Service Award Wednesday, their term to say the experience was tapped for the duty if he had a call sys- well as opening for the Rolling Stones in Feb. 27, by the Rotary Club of Memphis valuable. Carson also works with the tem. Carson is also focused on the expe- December and his major label debut in East and the family of the late Probate judges on how many prospective jurors rience for jurors who may be unfamiliar October. Court clerk. Memphis City Council they request for a jury pool to “respect with how the courts work and worried Clark also announced in January that member Jim Strickland also was recog- their time.” Every Monday morning, Car- about their jobs and other obligations he and his management team will debut a nized. The 10-year-old awards go each son greets a new group of 350 qualified, not to mention the complexities of park- Maverick Music Festival in San Antonio in year to one elected official and one non- prospective jurors who are eligible for ing around the Criminal Justice Center March. elected public official who best exempli- jury service for a week. When he became and courthouse. Clark was also featured on Crow’s 2010 fies the qualities Dunavant exhibited in jury commissioner, it was 450 serving for “When I first say good morning, they album “100 Miles from Memphis,” which his county government career as both a two-week intervals. are as nervous as they can be and scared. Crow is sure to reference during her set. non-elected and an elected official. Carson has worked with the judges By the end of the week, they’ve really The 2013 Beale Street Music Festival Carson’s work at the courthouse put to “order efficiently” when they call for a brightened up,” Carson said. “I don’t is the second with the new terrain of Tom him in contact with several jury com- pool of jurors to hear a trial. watch the news. I see enough of it every Lee Park that includes the Beale Street missioners, including assistant commis- “If they have 20 challenges in a day to not have to watch it. But I get to Landing building where the northernmost sioner Estra Arnold. When she retired in case there’s no need to order 60 jurors. work with the good people of Shelby stage was once located. 1992, she said he should apply. … You’re not going to have that many County.” www.thememphisnews.com March 1-7, 2013 29

happenings

Memphis Heritage will host its 2013 preser- Downtown Memphis Commission design vation series, Preservation Success Stories, review board will meet Wednesday, March 6, at Mondays from March 4 to March 25 from 7 4 p.m. in the commission conference room, 114 HopeWorks will hold its fifth annual A Morning of Hope p.m. to 8:30 p.m. at Memphis Heritage at How- N. Main St. Visit downtownmemphiscommis- fundraiser Saturday, March 2, from 8:30 a.m. to 10:30 ard Hall, 2282 Madison Ave. Cost for the series sion.com for an agenda. is $50 for members and $65 for nonmembers; »a.m. at Woodland Hills Event Center, 1000 Woodland Hills individual tickets are not available. Visit mem- phisheritage.org. » THE ARTS Drive. Bill Courtney, entrepreneur and the former coach The Circuit Playhouse will present “Debbie Better Business Bureau of the Mid-South Does Dallas” Friday, March 1, through March 24 will hold a networking breakfast Tuesday, featured in “Undefeated,” will present the keynote. Tickets at Circuit, 51 S. Cooper St. Visit playhouseon- March 5, from 7:30 a.m. to 9 a.m. at the bu- thesquare.org for times and tickets. are $50. Visit whyhopeworks.org or call 272-3700. reau’s office, 3693 Tyndale Drive. Cost is free for BBB member businesses and $15 for non- Eclectic Eye will hold an opening reception members. R.S.V.P. to cstewart@bbbmidsouth. for Lindsey Penn’s “technicolor lunacy” Friday, org or 757-8603 by March 1. March 1, from 6 p.m. to 8 p.m. at its Midtown boutique, 282 S. Cooper St. The exhibit runs The Memphis Lawyers’ Chapter of the through April 17. Visit eclectic-eye.com. » Community Jeremy Schrader as part of its Winter Bistro Federalist Society will meet Tuesday, March 5, from 11:30 a.m. to 1 p.m. at the Madison Music Series Saturday, March 2, from 6 p.m. The Buckman Performing Arts Center at Memphis City Beautiful and Memphis Bo- Hotel, 79 Madison Ave. Alan Gura of Gura & to 8 p.m. at the bookstore, 387 Perkins Road St. Mary’s School will present African circus tanic Garden will plant an Arizona Cypress as Possessky PLLC will present “The Right to Bear Extended. Visit thebooksellersatlaurelwood. troupe Zuma Zuma Saturday, March 2, at 7 part of an Arbor Day ceremony Friday, March Arms for Self-Defense Outside the Home.” com. p.m. at Buckman, 60 Perkins Road Extended. 1, at 10 a.m. at the garden’s horticulture center, Cost is $30 for members and $35 for guests. 750 Cherry Road. Cost is free and will include Buy tickets at buckmanartscenter.com. The Exchange Club Family Center will host R.S.V.P. to Greg Grisham at gregory.grisham@ a tree seedling giveaway. Cherry tree seedlings its 2013 Hands of Hope Auction Party Satur- jacksonlewis.com or 462-2616. will be available for sale. Visit memphisbotan- The Orpheum Theatre presents “Anything day, March 2, at 7 p.m. at The Columns at One Goes” through March 3 at the theater, 203 S. icgarden.com. The Rotary Club of Memphis East will meet Commerce Square. The event will include live Main St. Visit orpheum-memphis.com or call Wednesday, March 6, at noon at The Racquet and silent auctions, food, cocktails and live 525-3000 for showtimes and tickets. Literacy Mid-South will kick off its 2013 Read Club of Memphis, 5111 Sanderlin Ave. Opera entertainment. Visit exchangeclub.net or call Across America campaign with the “Wonder” Memphis general director Ned Canty will 276-2200. Rhodes College will present Jazz at Cafe party Friday, March 1, from 3 p.m. to 5 p.m. at speak. Cost is $17. R.S.V.P. to Lee Hughes at Eclectic, featuring Rhodes jazz combos, The Booksellers at Laurelwood, 387 Perkins [email protected]. Road Extended. “Wonder” is Literacy Mid- The Original Blues Brothers Band will Wednesday, March 6, at 8 p.m. at the cafe, 603 N. McLean Blvd. Visit rhodes.edu. South’s 2013 Book of Choice. Visit literacymid- perform a Donald “Duck” Dunn tribute concert Kiwanis Club of Memphis will meet Wednes- south.org. benefiting the Stax Museum of American Soul day, March 6, from noon to 1 p.m. at The Poplar Pike Playhouse will present “The Music Sunday, March 3, at 7 p.m. at Mingle- University Club of Memphis, 1346 Central Wiz” through March 9 at the theater, 7653 Old The Memphis Cotton Museum will host its wood Hall, 1555 Madison Ave. Tickets are $25 Ave. International Paper Chief Financial Of- Poplar Pike. Visit ppp.org for showtimes and second annual Season Starter Party Friday, in advance and $30 at the door. Visit staxmu- ficer Carol Roberts will speak. Cost is $18 for tickets. March 1, from 5 p.m. to 10 p.m. at the museum, seum.com. nonmembers. 65 Union Ave. Attendees can connect with Germantown Community Theatre presents industry members, growers and Farm and Gin Better Business Bureau of the Mid- Better Business Bureau of the Mid-South the musical “Quilters” through March 10 at the Show visitors while enjoying food and wine, live South will hold its free BBB Smart Investors will hold its free BBB Smart Consumer theater, 3037 Forest Hill-Irene Road. For more music and giveaways. Tickets are $40 at the Workshop Monday, March 4, at 6 p.m. at the Workshop Wednesday, March 6, at noon at the information about the musical or for tickets, door. Visit memphiscottonmuseum.org. bureau’s office, 3693 Tyndale Drive. Space is bureau’s office, 3693 Tyndale Drive. Space is visit germantowncommunitytheatre.org or call limited. R.S.V.P. to [email protected] limited. R.S.V.P. to [email protected] 754-2680. The Booksellers at Laurelwood will host or 757-8603 by March 1. or 757-8603 by March 4. 30 March 1-7, 2013 www.thememphisnews.com

Week of 2/18/13 - 2/24/13 crosswords The Weekly

Crossword Edited by Margie E. Burke The Weekly Crossword by Margie E. Burke 1234 5678 9 10 11 12 13 ACROSS 1 "Coffee Cantata" 14 15 16 composer 5 Completely 17 18 19 bungle 20 21 22 9 Ho-hum 14 Canyon call 23 24 25 26 27

15 Former Italian 28 29 30 31 32 33 money 16 Unsocial sort 34 35 36

17 Cast off 37 38 39 18 State with conviction 40 41 42 43 44

19 Put into words 45 46 47 20 Office assistant 23 Laundry 48 49 50

measure 51 52 53 54 55 56 24 Moe or Curly 28 Atomic process 57 58 59 60 61 31 White as a sheet 62 63 64 33 Bikini top 34 Vegas 65 66 67 headliner, e.g. Copyright 2013 by The Puzzle Syndicate 36 Auction unit 37 Bygone ruler DOWN 32 Shakespearean 49 Close watch 38 Sticky stuff 1 Ballpark "shortly" 50 Property divider 39 Batman's beverage 35 All atwitter 52 Screen symbol hideaway 2 Crowning point 39 Type of sweater 53 Out of here 40 Gymnast's goal 3 Stylish 41 Lobbed 54 Kind of china 41 Aquifer's yield 4 Innkeeper explosive 55 A whole bunch 45 Varnish 5 Far from subtle 42 "Atlas 56 Blue-pencil ingredient 6 More than miffed Shrugged" 57 Eggs in a lab 46 ____ to riches 7 Nabisco cookie author 58 Russell Crowe 47 Not very often favorite 43 Ready to go, film, "Cinderella 48 Football team 8 Tip off perhaps ___" count 9 Talk big 44 Desire 59 Antlered animal 50 Manage without 10 Powerball, for Answer to Last Week's Crossword help one SW I P E D ASLEEP 51 Hard to 11 Aardvark snack CHARL I E CHARMER understand 12 Get a look at REREADS COCA I NE 57 End of the 13 Slip up EAR NEPTUNE NAN Greek alphabet 21 Below par STOA RA I SE PENT 60 Bamboozles 22 ____ of Man THONG I CE DANCE 61 Like Glinda of 25 Not quite SEM I NAR ROOST ER Oz spherical MOW WI T 62 Bona fide 26 Act servile CARAMEL UNLEASH 63 Fairy tale opener 27 Place to get a ELATE ASP YUCCA 64 Pro's foe Weekbite of 2/18/13R I - ME2/24/13SUEDE PEON 65 Place for a 28 In fine _____: fit I MP CENTRAL TOG bracelet 29 Break open SEAWARD AG I TATE 66 Must have 30 Position ENGORGE F LOATER 67 Twiggy digs 31 God-fearing TENDER TENNER

Sudoku Edited by Margie E. Burke  Edited by Margie E. Burke Difficulty : Easy HOWHO WTO TO SOLVE: PLAY Each row must contain the    numbers 1 to 9; each column must contain the numbers 1   to 9; and each set of 3 by 3 boxes must contain the   numbers 1 to 9.  Answer to Last Week's Sudoku                                   Copyright 2013 by The Puzzle Syndicate www.thememphisnews.com MarchMarch 1 1-7,- 7, 20132013 3131

public notices

the Deed of Trust of even date securing County, Tennessee, and being more Harold Pufpaff; Judith Pufpaff Related Info Foreclosure Notices the same, recorded August 1, 2007, at particularly described as follows: The sale held pursuant to this Notice Book T1807, Page 468 in Office of the Beginning at a stake in the North mar‑ may be rescinded at the Successor Madison County Also read our daily edition, The Daily Register of Deeds for Madison County, gin of Syringa Cove, said point being Trustee’s option at any time. The right News, in print or online every business Tennessee, executed by Joshua L. Ma- also the Southwest corner of Lot 5 of is reserved to adjourn the day of the day for public notices for Memphis & ness and Miranda R. Maness, conveying Section II of the Tate Subdivision, a sale to another day, time, and place Shelby County. certain property therein described to R. plat of which appears of record in Plat certain without further publication, upon Go to www.memphisdailynews.com or NOTICE OF TRUSTEE’S SALE Bradley Sigler as Trustee for Mortgage Book 3, Page 282 in the Register’s announcement at the time and place call 683.NEWS for more information. WHEREAS, default has occurred in the Electronic Registration Systems, Inc., as Office of Madison County, Tennes‑ for the sale set forth above. W&A No. performance of the covenants, terms, nominee for Franklin American Mortgage see, runs thence North 13.7 minutes 931‑227280 and conditions of a Deed of Trust Note Company, its successors and assigns; West 185.44 feet to a stake; thence DATED February 15, 2013 dated September 5, 2007, and the Deed and the undersigned, Wilson & Associ- North 85 degrees 17.4 minutes West WILSON & ASSOCIATES, P.L.L.C., of Trust of even date securing the same, ates, P.L.L.C., having been appointed 156.11 feet to a point; thence South Successor Trustee recorded September 6, 2007, at Book Successor Trustee. 38 degrees 40.9 minutes West 70.1 FOR SALE INFORMATION, VISIT WWW. T1811, Page 1 in Office of the Register of NOW, THEREFORE, notice is hereby feet to a point; thence South 42 MYFIR.COM and WWW.REALTYTRAC. Deeds for Madison County, Tennessee, given that the entire indebtedness has degrees 48.1 minutes East 253.93 COM Trustee will, on March 28, 2013 on executed by Dorothy Horton and James been declared due and payable; and feet to a stake in the North margin Feb. 22, Mar. 1, 8, 2013 Fin11454 or about 11:00 A.M., at the Madison L. Horton a/k/a James Horton, convey- that an agent of Wilson & Associates, of Syringa Cove; thence 55 feet in County Courthouse, Jackson, Tennes‑ ing certain property therein described to P.L.L.C., as Successor Trustee, by virtue an Easterly direction with the North NOTICE OF TRUSTEE’S SALE see, offer for sale certain property here- Larry A. Weissman as Trustee for Mort- of the power, duty, and authority vested margin of Syringa Cove to the point of WHEREAS, default has occurred in the inafter described to the highest bidder gage Electronic Registration Systems, in and imposed upon said Successor beginning. Also being Lot 4, Section performance of the covenants, terms, FOR CASH, free from the statutory right Inc., as nominee for SunTrust Mortgage, Trustee will, on April 11, 2013 on or II of the Tate Subdivision, platted as and conditions of a Deed of Trust Note of redemption, homestead, dower, and Inc., its successors and assigns; and about 11:00 A.M., at the Madison aforesaid. dated June 17, 2010, and the Deed of all other exemptions which are expressly the undersigned, Wilson & Associates, County Courthouse, Jackson, Tennes‑ ALSO KNOWN AS: 27 Syringa Cove, Trust of even date securing the same, waived in the Deed of Trust, said property P.L.L.C., having been appointed Suc- see, offer for sale certain property here- Jackson, Tennessee 38305 recorded June 28, 2010, at Book T1884, being real estate situated in Madison cessor Trustee. inafter described to the highest bidder The HB 3588 letter was mailed to Page 851 in Office of the Register of County, Tennessee, and being more NOW, THEREFORE, notice is hereby FOR CASH, free from the statutory right the borrower(s) pursuant to Tennessee Deeds for Madison County, Tennessee, particularly described as follows: given that the entire indebtedness has of redemption, homestead, dower, and Code Annotated 35-5-117. This sale is executed by Sylvia Coleman, conveying Lot 24, Section 5, Olin Cash Sub‑ been declared due and payable; and all other exemptions which are expressly subject to all matters shown on any ap- certain property therein described to division as shown on plat of record that an agent of Wilson & Associates, waived in the Deed of Trust, said property plicable recorded plat; any unpaid taxes; Craig E. Newby as Trustee for JPMorgan in Plat Book 2, Page 100, in the P.L.L.C., as Successor Trustee, by virtue being real estate situated in Madison any restrictive covenants, easements, or Chase Bank, N.A.; and the undersigned, Register’s Office of Madison County, of the power, duty, and authority vested County, Tennessee, and being more setback lines that may be applicable; any Wilson & Associates, P.L.L.C., having Tennessee. in and imposed upon said Successor particularly described as follows: statutory rights of redemption of any gov- been appointed Successor Trustee. ALSO KNOWN AS: 536 Desha Drive, Trustee will, on March 14, 2013 on Being Lot Number 5, Section I of Deer ernmental agency, state or federal; any NOW, THEREFORE, notice is hereby Jackson, Tennessee 38301 or about 11:00 A.M., at the Madison Run Subdivision a plat of which ap‑ prior liens or encumbrances as well as given that the entire indebtedness has The HB 3588 letter was mailed to County Courthouse, Jackson, Tennes‑ pears of record in Plat Book 8, Page any priority created by a fixture filing; and been declared due and payable; and the borrower(s) pursuant to Tennessee see, offer for sale certain property here- 70, in the Register’s Office of Madison to any matter that an accurate survey of that an agent of Wilson & Associates, Code Annotated 35-5-117. This sale is inafter described to the highest bidder County, Tennessee. the premises might disclose. In addition, P.L.L.C., as Successor Trustee, by virtue subject to all matters shown on any ap- FOR CASH, free from the statutory right ALSO KNOWN AS: 679 Old Pinson the following parties may claim an inter- of the power, duty, and authority vested of redemption, homestead, dower, and Road, Jackson, Tennessee 38301 est in the above-referenced property: in and imposed upon said Successor Continued on page 36 all other exemptions which are expressly The HB 3588 letter was mailed to waived in the Deed of Trust, said property the borrower(s) pursuant to Tennessee being real estate situated in Madison Code Annotated 35-5-117. This sale is County, Tennessee, and being more subject to all matters shown on any ap- particularly described as follows: plicable recorded plat; any unpaid taxes; Beginning at an iron pin on the East any restrictive covenants, easements, or margin of Rachelle Road (30 feet at setback lines that may be applicable; right angles from centerline) at the any statutory rights of redemption of any Northwest corner of Eligo Fuller as governmental agency, state or federal; recorded in Deed Book 472, Page any prior liens or encumbrances as well 199, in the Register’s Office of Madi‑ as any priority created by a fixture -fil son County, Tennessee; thence with ing; and to any matter that an accurate the East margin of Rachelle Road survey of the premises might disclose. North 29 degrees 05 minutes West In addition, the following parties may a distance of 164.34 feet to an iron claim an interest in the above-referenced pin at a corner of Whit Lafon; thence property: Joshua L. Maness; Miranda R. North 89 degrees 11 minutes 50 Maness ’t reach eve seconds East a distance of 615.21 The sale held pursuant to this Notice on ry feet to a point in the centerline of a may be rescinded at the Successor d bo ditch; thence with said ditch South Trustee’s option at any time. The right e d 01 degree 27 minutes 10 seconds is reserved to adjourn the day of the W y East a distance of 157.15 feet to sale to another day, time, and place a point at the Northeast corner of certain without further publication, upon Fuller; thence with Fuller’s North line announcement at the time and place North 89 degrees 29 minutes West a for the sale set forth above. W&A No. distance of 539.28 feet to the point 700‑224929 of beginning. DATED February 14, 2013 ALSO KNOWN AS: 1363 Rochelle WILSON & ASSOCIATES, P.L.L.C., Road, Jackson, Tennessee 38301 Successor Trustee The HB 3588 letter was mailed to FOR SALE INFORMATION, VISIT WWW. the borrower(s) pursuant to Tennessee MYFIR.COM and WWW.REALTYTRAC. Code Annotated 35-5-117. This sale is COM subject to all matters shown on any ap- Feb. 22, Mar. 1, 8, 2013 Fin11453 plicable recorded plat; any unpaid taxes; any restrictive covenants, easements, or NOTICE OF TRUSTEE’S SALE setback lines that may be applicable; WHEREAS, default has occurred any statutory rights of redemption of any in the performance of the covenants, governmental agency, state or federal; terms, and conditions of a Deed of Trust any prior liens or encumbrances as well Note dated October 4, 2002, and the as any priority created by a fixture filing; Deed of Trust of even date securing the and to any matter that an accurate survey same, recorded November 18, 2002, at of the premises might disclose. In addi- Book T1424, Page 835 in Office of the tion, the following parties may claim an Register of Deeds for Madison County, interest in the above-referenced prop- Tennessee, executed by Harold Pufpaff Just a whole lot of somebodies. erty: Dorothy Horton; James L. Horton and Judith Pufpaff, conveying certain a/k/a James Horton; FirstBank property therein described to Law Office The sale held pursuant to this Notice of Vaughan Reid as Trustee for Centex may be rescinded at the Successor Home Equity Company, LLC; and the We think you’ll agree – there’s not a more Trustee’s option at any time. The right undersigned, Wilson & Associates, powerful advertising vehicle for reaching is reserved to adjourn the day of the P.L.L.C., having been appointed Suc- the city’s professional community. sale to another day, time, and place cessor Trustee. certain without further publication, upon NOW, THEREFORE, notice is hereby announcement at the time and place given that the entire indebtedness has for the sale set forth above. W&A No. been declared due and payable; and 791‑225639 that an agent of Wilson & Associates, DATED February 6, 2013 P.L.L.C., as Successor Trustee, by virtue WILSON & ASSOCIATES, P.L.L.C., of the power, duty, and authority vested Successor Trustee in and imposed upon said Successor FOR SALE INFORMATION, VISIT WWW. Trustee will, on March 21, 2013 on MYFIR.COM and WWW.REALTYTRAC. or about 11:00 A.M., at the Madison COM County Courthouse, Jackson, Tennes‑ Feb. 15, 22, Mar. 1, 2013 Fin11450 see, offer for sale certain property here- inafter described to the highest bidder NOTICE OF TRUSTEE’S SALE FOR CASH, free from the statutory right WHEREAS, default has occurred of redemption, homestead, dower, and in the performance of the covenants, all other exemptions which are expressly terms, and conditions of a Deed of waived in the Deed of Trust, said property Visit TheMemphisNews.com or call 683.NEWS Trust Note dated July 31, 2007, and being real estate situated in Madison 32 March March 1-7, 1 - 2013 7, 2013 www.thememphisnews.com

public notices

Foreclosure Notices or about 11:00 A.M., at the Madison Foreclosure Notices Tennessee and place set forth above. Continued from page 31 County Courthouse, Jackson, Tennes‑ Tax Parcel ID: CD 06 Map 112D Group THIS LAW FIRM IS ATTEMPTING TO see, offer for sale certain property here- Tipton County G Parcel 12.02 COLLECT A DEBT AND ANY INFORMA- plicable recorded plat; any unpaid taxes; inafter described to the highest bidder Current Property Owner: Taylor Phar- TION OBTAINED WILL BE USED FOR any restrictive covenants, easements, or FOR CASH, free from the statutory right macy, LLC THAT PURPOSE. setback lines that may be applicable; of redemption, homestead, dower, and NOTICE OF SUBSTITUTE TRUSTEE’S OTHER INTERESTED PARTIES: Internal J. Clay Cole, Substitute Trustee any statutory rights of redemption of any all other exemptions which are expressly SALE Revenue Service by virtue of Federal Tax Wardlow, Wardlow & Cole, PLLC governmental agency, state or federal; waived in the Deed of Trust, said property Default having been made in the Liens filed with the Register’s Office of Feb. 15, 22, Mar. 1, 2013 Fin11448 any prior liens or encumbrances as well being real estate situated in Madison payment of the debts and obligations Tipton County, Tennessee, in Lien Book as any priority created by a fixture -fil County, Tennessee, and being more secured to be paid in a certain Deed of 18, Page 67, Lien Book 18, Page 112, NOTICE OF SUBSTITUTE TRUSTEE'S ing; and to any matter that an accurate particularly described as follows: Trust (hereinafter the “Deed of Trust”) Lien Book 18, Page 136, Lien Book 18, SALE survey of the premises might disclose. Being Lot Number Twenty‑three (23) executed by Taylor Pharmacy, LLC to Page 523, Lien Book 18, Page 560, Lien Sale at public auction will be on March In addition, the following parties may in Section I of Northpointe Subdivi‑ Linda M. Warren, as Trustee, for the Book 19, Page 42, Lien Book 19, Page 5, 2013 at 12:00 PM local time, at the claim an interest in the above-referenced sion, a plat of which appears of re‑ use and benefit of Richard Lee Talley 112, Lien Book 19, Page 121, and Lien front of the Tipton County Courthouse property: Sylvia Coleman cord in Plat Book 6, Page 61 in the and Kathy Sue Talley (hereinafter the Book 19, Page 232. The State of Tennes- in Covington, Tennessee located in The sale held pursuant to this Notice Register’s Office of Madison County, “Beneficiary”) dated October 9, 2003 see by virtue of State Tax Lien filed with Covington, Tipton County, Tennessee, may be rescinded at the Successor Tennessee and recorded in Record Book 1100, the Register’s Office of Tipton County, pursuant to Deed of Trust executed Trustee’s option at any time. The right ALSO KNOWN AS: 26 Northpointe Page 168, with the Register’s Office Tennessee, in Lien Book 18, Page 168. by James R. Wilson and Wanda Jean is reserved to adjourn the day of the Drive, Jackson, Tennessee 38305 of Tipton County, Tennessee, and the Bruce and Beth Landers by virtue of Wilson, to Atlantic Assurance Company, sale to another day, time, and place The HB 3588 letter was mailed to Beneficiary having substituted J. Clay Deed of Trust filed with the Register’s Trustee, as trustee for Centex Home certain without further publication, upon the borrower(s) pursuant to Tennessee Cole as Substitute Trustee as recorded Office of Tipton County, Tennessee in Equity Company, LLC on 19th day of announcement at the time and place Code Annotated 35-5-117. This sale is in the Appointment of Substitute Trustee Record Book 1442, Pages 173-175. December, 2001 in REC Book 981, Page for the sale set forth above. W&A No. subject to all matters shown on any ap- recorded in Record Book 1571, Page Marshall Investments Corporation by 508 at Instrument Number 19440, in the 700‑231983 plicable recorded plat; any unpaid taxes; 1025, in said Register’s Office. The virtue of Judgment Lien filed with the Office of the Register of Tipton County, DATED February 21, 2013 any restrictive covenants, easements, or Beneficiary having requested the under- Register’s Office of Tipton County, Ten- Tennessee; conducted by York Trustee WILSON & ASSOCIATES, P.L.L.C., setback lines that may be applicable; any signed to advertise and sell the following nessee, in Record Book 1377, Pages Services, LLC, having been appointed Successor Trustee statutory rights of redemption of any gov- property which was described in and 668-669. BancorpSouth Bank by virtue Substitute or Successor Trustee. Default FOR SALE INFORMATION, VISIT WWW. ernmental agency, state or federal; any conveyed by the Deed of Trust, all of of Judgment Lien filed with the Register’s has occurred in the performance of MYFIR.COM and WWW.REALTYTRAC. prior liens or encumbrances as well as the indebtedness having matured at the Office of Tipton County, Tennessee, in the covenants, terms, and conditions COM any priority created by a fixture filing; and option of the owner upon default in the Record Book 1419, Pages 69-73. SIH of said Deed of Trust and the entire Mar. 1, 8, 15, 2013 Fin11467 to any matter that an accurate survey of payment of a part thereof, this is to give Family Acquisition I, LLC by virtue of indebtedness has been declared due the premises might disclose. In addition, notice that J. Clay Cole, as Substitute Judgment Liens filed with the Register’s and payable. NOTICE OF TRUSTEE’S SALE the following parties may claim an inter- Trustee, will, on March 12, 2013, com- Office of Tipton County, Tennessee, in Party Entitled to Enforce the Debt: WHEREAS, default has occurred in the est in the above-referenced property: mencing at Twelve o’clock Noon, on the (i) Record Book 1445, Pages 387-391 Nationstar Mortgage, LLC performance of the covenants, terms, Ronald Reed; Mortgage Electronic steps of the Tipton County Courthouse, (as assigned in Record Book 1445, The following real estate located in and conditions of a Deed of Trust Note Registration Systems, Inc. as nominee Covington, Tipton County, Tennessee, Page 392); (ii) Record Book 145, Pages Tipton County, Tennessee, will be sold dated March 26, 2007, and the Deed of for WMC Mortgage Corp; WMC Mort‑ proceed to sell at public outcry to the 874-878; (iii) Record Book 1460, Pages to the highest call bidder: Trust of even date securing the same, gage Corp; First State Bank; Mortgage highest bidder for cash, the following 939-943; and (iv) Record Book 1471, Described property located in Tipton recorded May 8, 2007, at Book T1798, Electronic Registration Systems, Inc described property to-wit: Pages 48-52. County, Tennessee, to wit: Page 368 in Office of the Register of as nominee for First State Bank Situated in the County of Tipton, All right and equity of redemption, Situated in Tipton County, TN: Deeds for Madison County, Tennessee, The sale held pursuant to this Notice State of Tennessee: statutory right of redemption, home- Beginning at a point on East line of executed by Ronald Reed, conveying may be rescinded at the Successor Beginning at a stake in the south line stead and dower are expressly waived a gravel road, a distance of 530 ft. certain property therein described to Trustee’s option at any time. The right of West Main Street North 88 degrees in the Deed of Trust, and the title is Southerly (as measured along the John C. Clark as Trustee for Mortgage is reserved to adjourn the day of the 30 minutes West 145.5 feet from the believed to be good, but, J. Clay Cole as East line of said Gravel Road) from the Electronic Registration Systems, Inc., as sale to another day, time, and place northwest corner of the Munford Pres- Substitute Trustee, will sell and convey centerline of Faulkner Road, said point nominee for First State Bank, its succes- certain without further publication, upon byterian lot; thence with the south line the real property described above, only being a Southwest corner of the James sors and assigns; and the undersigned, announcement at the time and place of West Main Street North 88 degrees as Trustee, subject to all outstanding O. Wilson and wife, Helen M. Wilson, 6.8 Wilson & Associates, P.L.L.C., having for the sale set forth above. W&A No. 30 minutes West 125.5 feet to a stake real estate taxes and assessments (plus acres, in Tipton Co., Tennessee; thence been appointed Successor Trustee. 931‑230151 in the east line of a 25 foot alley and penalties and interest, if any), taxes North 14 Deg. and 30 Min. East, along NOW, THEREFORE, notice is hereby DATED February 25, 2013 being 25 feet east of John Crigger’s and assessments for the current year the East line of said gravel road, 135 given that the entire indebtedness has WILSON & ASSOCIATES, P.L.L.C., northeast corner; thence South 91.15 and any prior year and any prior encum- ft.; thence South 75 Deg. and 00 Min. been declared due and payable; and Successor Trustee feet to an iron pin; thence South 88 brances of record in the Register’s Office East; 165 Ft. thence South 14 Deg. and that an agent of Wilson & Associates, FOR SALE INFORMATION, VISIT WWW. degrees 30 minutes East 118.1 feet of Tipton County, Tennessee. The right 30 Min. West, 135 ft.; thence North 75 P.L.L.C., as Successor Trustee, by virtue MYFIR.COM and WWW.REALTYTRAC. to a stake; thence North 4 degrees is reserved to adjourn the sale of the Deg. and 00 Min. West, along a South of the power, duty, and authority vested COM 30 minutes East 91.35 feet to the real property to another day, time, and Line of James O. Wilson, 165 Ft. to the in and imposed upon said Successor Mar. 1, 8, 15, 2013 Fin11468 beginning. place certain without further publication, point of beginning. Trustee will, on March 28, 2013 on Property Address: 67 E. Main, Munford, upon announcement at the day, time, Being the same property conveyed from www.thememphisnews.com MarchMarch 1 1-7,- 7, 2013 33

public notices

James O. Wilson and Helen Wilson 1GNEC13V52R264850 NOTICE OF PUBLIC SALE OF #415 Candice Rayford, #443 Earnes- Related Info to James R. Wilson and Wanda Jean 1FMYU93196KB17732 PERSONAL PROPERTY tine Bell. Wilson by deed dated 02/06/1985 1N4AL11D63C354553 Notice is hereby given that the under- Purchases must be made with cash only Also read our daily edition, The Daily and recorded 03/02/1985 in Book Mar. 1, 2013 Min11470 signed will sell, to satisfy lien of the and paid at the time of sale. All goods News, in print or online every business 527, Page 116, of the public records owner, at public sale by competitive are sold as is and must be removed at day for public notices for Memphis & of Tipton County, TN. NOTICE OF SALE bidding on MARCH 12, 2013 at 9:30AM the time of purchase. Extra Space Stor- Shelby County. Tax Map Reference: 110-001.17 PODS of Memphis, LLC hereby publishes at the Extra Space Storage facility age reserves the right to refuse any bid. Go to www.memphisdailynews.com or Street Address: 106 Talley Road, notice, as required Tennessee Self- located at: Sale is subject to adjournment. call 683.NEWS for more information. Atoka, TN 38004 Service Storage Facility Act (TN Stat. 2625 Mt. Moriah Rd. Mar. 2, 2013 Min11466 Parcel Number: 110-001.117 66-31-101- 66-31-107) of a public sale Memphis, TN. 38115 Current Owner(s) of Property: James of the property listed below to satisfy a (901) 794‑1223 NOTICE OF PUBLIC SALE OF R. Wilson & Wanda Jean Wilson landlords lien. All sales are for cash to The personal goods stored therein by PERSONAL PROPERTY Other Interested Parties: James R. the highest bidder and are considered the following may include, but are not Notice is hereby given that the under- Wilson, Wanda Jean Wilson final PODS of Memphis, LLC reserves the limited to general household, furniture, signed will sell, to satisfy lien of the The street address of the above right to reject any bids Auction is to be boxes, clothes, and appliances. owner, at public sale by competitive described property is believed to be located at: 3409 Democrat Road Mem- JONATHAN WATKINS #39, REGINALD bidding on March 12th, 2013 at 9:45 PUBLIC NOTICE 106 Talley Road, Atoka, TN 38004, but phis TN 38118 and will be held Tuesday, BYRD #85, CAROLYN ROSS #90, am at the Extra Space Storage facility NOTICE IS HEREBY GIVEN THAT THE such address is not a part of the legal March 13, 2013 at 2:00 P.M. ANGELA WILLIAMS #250, MARIO located at: UNDERSIGNED WILL SELL, TO SATISFY description of the property sold herein CUSTOMER CONTAINER# PRICE #276, LATUNYA FISHER #309, 2673 MT. MORIAH TERRACE LIEN OF THE OWNER, AT PUBLIC SALE and in the event of any discrepancy, the Guthrie, John 160B33Johnson, Bruc CAROLYN SKINNER #310, WILLIAM MEMPHIS, TN 38115 BY COMPETITIVE BIDDING ON MARCH legal description herein shall control. e471B33,242B33,159B33Contents WEATHERSPOON #313, JAMES SKIN‑ 901-362-9360 13, 2013 AT 10:00 AM AT THE EXTRA SALE IS SUBJECT TO TENANT(S) include but not limited to: Household NER #364, TEONDRA TAYLOR #625. The personal goods stored therein by SPACE STORAGE FACILITY LOCATED AT: RIGHTS IN POSSESSION. items, books, exercise equipment, Purchases must be made with cash only the following may include, but are not 2855 N. HOUSTON LEVEE RD. CORDOVA If applicable, the HB 3588 letter was stereo equipment and more. and paid at the time of sale. All goods limited to general household, furniture, TN 38016 901-372-9522. mailed to the borrower(s) pursuant to Mar. 2, 9, 2013 Min11455 are sold as is and must be removed at boxes, clothes, and appliances. THE PERSONAL GOODS STORED THERE- Tennessee Code Annotated 35-5-117. the time of purchase. Extra Space Stor- Sasha Sesson B8004, Natron William- IN BY THE FOLLOWING MAY INCLUDE, This sale is subject to all matters shown NOTICE OF PUBLIC SALE OF age reserves the right to refuse any bid. son Jr. A7001, Renicka Williams B8810, BUT ARE NOT LIMITED TO GENERAL H on any applicable recorded plat; any PERSONAL PROPERTY Sale is subject to adjournment. Cecil Fletcher 773, Carol Franklin A7419, OUSEHOLD,FURNITURE,BOXES,CLOTH unpaid taxes; any restrictive covenants, Notice is hereby given that the under- Mar. 2, 2013 Min11460 Toby Brown 795, Lamarr Kemp A7402, ES,AND APPLIANCES. easements, or setback lines that may signed will sell, to satisfy lien of the Ericka Elam 532, Doris Lowe C3301, #360 GARY BRADEN, #79 TIFFANY be applicable; any statutory rights owner, at public sale by competitive NOTICE OF PUBLIC SALE OF Jermaine Todd C3405, Christopher THOMPSON, AND #239 SHARRELL of redemption of any governmental bidding on March 12, 2013 at 11:00 PERSONAL PROPERTY Lanier B8210, Bobbie Moore B8106, TAYLOR PURCHASES MUST BE MADE agency, state or federal; any prior liens A.M. at the Extra Space Storage facility Notice is hereby given that the under- White Joel 1113, Keith Flowers A7007, WITH CASH ONLY AND PAID AT THE TIME or encumbrances as well as any priority located at: 5675 Summer Ave Memphis signed will sell, to satisfy lien of the Delray Adams 759, Sharon Barnes 778, OF SALE. ALL GOODS ARE SOLD AS IS created by a fixture filing; and to any TN 38134 901-372-6180 owner, at public sale by competitive Latisha Norwood C3201. AND MUST BE REMOVED AT THE TIME matter that an accurate survey of the The personal goods stored therein by bidding on at 10:30 Purchases must be made with cash only OF PURCHASE. EXTRA SPACE STORAGE premises might disclose. In addition, the the following may include, but are not AM at the Extra Space Storage facility and paid at the time of sale. All goods RESERVES THE RIGHT TO BID. SALE IS following parties may claim an interest limited to general household, furniture, located at: are sold as is and must be removed at SUBJECT TO ADJOURNMENT. in the above-referenced property: James boxes, clothes, and appliances. CHAD 7222 Riverdale Bend the time of purchase. Extra Space Stor- Mar. 3, 2013 Min11464 R. Wilson, Wanda Jean Wilson WILSON #B016, REBECCA ANN AGE Memphis TN 38125 age reserves the right to refuse any bid. If the United States has any lien or #C028, PENNA STEPHEN #C034, (901) 751‑2824 Sale is subject to adjournment. PUBLIC NOTICE claimed lien on the property, notice DARELL JOHNSON. Purchases must The personal goods stored therein by Mar. 2, 2013 Min11469 NOTICE IS HEREBY GIVEN THAT THE required by 26 U.S.C. § 7425(b) to be be made with cash only and paid at the following may include, but are not UNDERSIGNED WILL SELL, TO SATISFY given to the United States has been the time of sale. All goods are sold as limited to general household, furniture, PUBLIC NOTICE LIEN OF THE OWNER, AT PUBLIC SALE timely given. The sale of the land de- is and must be removed at the time of boxes, clothes, and appliances. NOTICE IS HEREBY GIVEN THAT THE BY COMPETITIVE BIDDING ON MARCH scribed above will be subject to the right purchase. Extra Space Storage reserves #695 Everlenar Winters, #552 Michael UNDERSIGNED WILL SELL, TO SATISFY 13TH, 2013 AT 11:30 AM. AT THE EXTRA of the United States to redeem the land the right to refuse any bid. Sale is subject Flowers, #540 Steve Maben, #611 LIEN OF THE OWNER, AT PUBLIC SALE SPACE STORAGE FACILITY LOCATED AT: as provided for in 26 U.S.C. § 7425(d) to adjournment. Marico Mosely, #325 Cassandra Wood- BY COMPETITIVE BIDDING ON MARCH 8000 AUTUMN CREEK DR. CORDOVA, TN (1).] Mar. 2, 2013 Min11456 ley, #292 Debbie Armstrong, #511 Dena 13, 2013 AT 11:15 AM AT THE EXTRA 38016, 901-759-5691. THE PERSONAL If the State of Tennessee has any McGhee, #558 Carolyn Murden, #559 SPACE STORAGE FACILITY LOCATED GOODS STORED THEREIN BY THE FOL- lien or claimed lien on the property, PUBLIC NOTICE Eugenia Venturanza, #40 Lloyd James, AT: 7954 PATRIOT COVE, CORDOVA, LOWING MAY INCLUDE, BUT ARE NOT notice required by § 67-1-1433(b)(1) NOTICE IS HEREBY GIVEN THAT THE #288 Phillip Raspberry, #568 Richard TN 38018 901-757-9177. LIMITED TO GENERAL HOUSEHOLD, of the Tennessee Code to be given to UNDERSIGNED WILL SELL, TO SAT- Blair, #Rv13 William Greer THE PERSONAL GOODS STORED FURNITURE, BOXES, CLOTHES AND the state of Tennessee has been timely ISFY LEIN OF THE OWNER, AT PUBLIC Purchases must be made with cash only THEREIN BY THE FOLLOWING MAY APPLIANCES. THE PROPERTY OF: LISA given. The sale of the land described SALE BY COMPETITVE BIDDING ON and paid at the time of sale. All goods INCLUDE, BUT ARE NOT LIMITED TO OKEYO 233, JASON GLASGOW 89, above will be subject to the right of the MARCH 12, 2013 AT 11:45 P.M. AT are sold as is and must be removed at GENERAL HOUSEHOLD, FURNITURE, DONNA DEMAY-MEDLIN 54. PURCHAS- state of Tennessee to redeem the land THE EXTRA SPACE STORAGE FACILITY the time of purchase. Extra Space Stor- BOXES, CLOTHES, AND APPLIANCES. ES MUST BE MADE WITH CASH ONLY as provided for in § 67-1-1433(c)(1) of LOCATED AT: age reserves the right to refuse any bid. KRISTY HOWARD—UNIT 324 AND PAID AT THE TIME OF SALE. ALL the Tennessee Code.] 4994 RALEIGH-LAGRANGE Sale is subject to adjournment. PURCHASES MUST BE MADE WITH GOODS ARE SOLD AS IS AND MUST BE All right of equity of redemption, statu- MEMPHIS, TN. 38128 Mar. 2, 2013 Min11462 CASH ONLY AND PAID AT THE TIME REMOVED AT THE TIME OF PURCHASE. tory and otherwise, and homestead are 901-388-9272 OF SALE. ALL GOODS ARE SOLD AS IS EXTRA SPACE STORAGE RESERVES THE expressly waived in said Deed of Trust. THE PERSONAL GOODS STORED THEREIN NOTICE OF PUBLIC SALE OF AND MUST BE REMOVED AT THE TIME RIGHT TO BID. SALE IS SUBJECT TO The undersigned will sell and convey only BY THE FOLLOWING MAY INCLUDE, BUT PERSONAL PROPERTY OF PURCHASE. EXTRA SPACE STORAGE ADJOURNMENT. as Substitute Trustee. ARE NOT LIMITED TO GENERAL HOUSE- Notice is hereby given that the under- RESERVES THE RIGHT TO BID. SALE IS Mar. 3, 2013 Min11458 The right is reserved to adjourn the HOLD, FURNITURE,BOXES,CLOTHES, signed will sell, to satisfy lien of the SUBJECT TO ADJOURNMENT. day of the sale to another day, time, and AND APPLIANCES. owner, at public sale by competitive Mar. 3, 2013 Min11452 NOTICE OF PUBLIC SALE OF place certain without further publication, B019 TARONDA TATE, B057 NEKEA bidding on MARCH 12, 2013 at 10:45 PERSONAL PROPERTY upon announcement at the time and WILSON, D007I NATALIE ROUNDS, A.M. at the Extra Space Storage facility NOTICE OF PUBLIC SALE OF Notice is hereby given that the under- place for the sale set forth above. If the D011J VERONICA ROBINSON, D011L located at: PERSONAL PROPERTY signed will sell, to satisfy lien of the highest bidder cannot pay the bid within KEVIN HARRIS, E009 BETTY PRATT, 7301 Winchester Rd. Notice is hereby given that the under- owner, at public sale by competitive twenty-four (24) hours of the sale, the E032 NEKILA JONES, F036 VICTORIA Memphis TN 38125 signed will sell, to satisfy lien of the bidding on MARCH 13, 2013 at 11:00 next highest bidder, at their highest bid, SULLIVAN. (901) 759‑1736 owner, at public sale by competitive A.M. at the Extra Space Storage facility will be deemed the successful bidder. PURCHASES MUST BE MADE WITH The personal goods stored therein by bidding on MARCH 13TH 2013 at 11:45 located at: This property is being sold with the CASH ONLY AND PAID AT THE TIME the following may include, but are not A.M. at the Extra Space Storage facility 900 N. GERMANTOWN PKWY express reservation that the sale is OF SALE. ALL GOODS ARE SOLD AS IS limited to general household, furniture, located at: CORDOVA, TN 38018 subject to confirmation by the lender AND MUST BE REMOVED AT THE TIME boxes, clothes, and appliances. 3175 N Germantown Rd 901-757-8988 or trustee. This sale may be rescinded OF PURCHASE. EXTRA SPACE STORAGE UNIT #45 TERESA YOUNG, UNIT #52 Bartlett, TN 38133 The personal goods stored therein by by the Substitute Trustee at any time. RESERVES THE RIGHT TO BID. SALE IS TERESA SPILLERS, UNIT #58 JEF- 901-386-5746 FAX 901-386-8094 the following may include, but are not THIS LAW FIRM IS ACTING AS A DEBT SUBJECT TO ADJOURNMENT. FREYJACKSON, UNIT #219-220 TRAVIS The personal goods stored therein by limited to general household, furniture, COLLECTOR AND IS ATTEMPTING TO Mar. 2, 2013 Min11457 CHAFFEN ,UNIT #235 SHERREE HARRIS, the following may include, but are not boxes, clothes, and appliances. COLLECT A DEBT. ANY INFORMATION UNIT #288 BETTY CRAWFORD,UNIT limited to general household, furniture, 10-GERTRICE POSEY(PARTS ONLY) OBTAINED WILL BE USED FOR THAT NOTICE OF PUBLIC SALE OF #307 PATRICIA WEATHERSBY,UNIT boxes, clothes, and appliances. 52-SHANNON STOKES 301-NICOLE PURPOSE. PERSONAL PROPERTY #349 A STOVALL E183 Tonya Gintz, M444 Sharon M MILLER 30-GAVIN BRUCE SUMPTER York Trustee Services, LLC, Notice is hereby given that the under- Purchases must be made with cash only Peace, C57 Jason Rudd, M455 Bran- 223-JOSHUA CONWAY 164-AMBER Substitute Trustee signed will sell, to satisfy lien of the and paid at the time of sale. All goods don Moore, G375 Krystal Cathcart, A5 NORTON 483-CORY MAJOR 72-DION 200 Jefferson Avenue owner, at public sale by competitive are sold as is and must be removed at Alesius Lenhardt. BRADLEY Suite 1350 bidding on MARCH 12, 2013 at 11:15 the time of purchase. Extra Space Stor- Purchases must be made with cash only Purchases must be made with cash only Memphis, TN 38103 A.M at the Extra Space Storage facility age reserves the right to refuse any bid. and paid at the time of sale. All goods and paid at the time of sale. All goods Phone: (901) 432-0740 located at: Sale is subject to adjournment. are sold as is and must be removed at are sold as is and must be removed at Fax: (404) 961-1185 4805 SUMMER AVE Mar. 2, 2013 Min11463 the time of purchase. Extra Space Stor- the time of purchase. Extra Space Stor- File No: TN-87000198-12 MEMPHIS, TN 38122 age reserves the right to refuse any bid. age reserves the right to refuse any bid. Feb. 15, 22, Mar. 1, 2013 Fin11449 901‑682‑1746 NOTICE OF PUBLIC SALE OF Sale is subject to adjournment. Sale is subject to adjournment. The personal goods stored therein by PERSONAL PROPERTY Mar. 3, 2013 Min11461 Mar. 3, 2013 Min11465 the following may include, but are not Notice is hereby given that the under- limited to general household, furni- signed will sell, to satisfy lien of the Misc. Notices ture, boxes, clothes, and appliances.; owner, at public sale by competitive BRANDON CROSS #114;ROSIE SMITH bidding on 03/12/2013 at 11:30 Shelby County #104 ;KASHAYLA COLLINS #229 ; A.M. at the Extra Space Storage facility JAMES JACKSON # 172 ; CALLIE ANN located at: ALLEN #16 4961 Covington Way Public Notice Purchases must be made with cash only Memphis, TN. 38128 The Memphis News Bill Taylor’s Transmission, Inc. and paid at the time of sale. All goods 901‑372‑0864 1074 Brooks Rd. are sold as is and must be removed at The personal goods stored therein by Memphis, TN 38116 the time of purchase. Extra Space Stor- the following may include, but are not 901-396-3690 age reserves the right to refuse any bid. limited to general household, furniture, The following vehicles will be auctioned Sale is subject to adjournment. boxes, clothes, and appliances. #078 Call 683-NEWS off on 3/15/2013 at noon on the Mar. 2, 2013 Min11459 Tessera Hardaway, #327 Ivy Mitchell, above lot: #341 Lamonte Gray, #376 Torri Reed, 34 March 1-7, 2013 www.thememphisnews.com

opinion

South Main Growth Travel the BRIDGES to Oz Last week we focused on a new programs, which offer youth in grades 6 Should Be Celebrated form of mentorship, aimed at talent through 12 three ways to engage – Con- development and retention, with the nect, Collaborate and Change. For adults, University of Memphis and their LEAD Team BRIDGES offers unique team f those planning the emerging of being Memphians. program’s Professional Connection building experiences to corporations and renaissance in the South Main All three have histories rooted in Lunches. This week let us discuss an affinity groups. district find the formula for much different times. organization that is uniting and inspir- The proven benefits for students preserving the “vibe” that makes Overton Square comes the closest to ing diverse young people to become who participate in these programs range the area unique and growing the planned commercial communities confident and courageous from improved academic of today in its origins. the district in the process, they leaders committed to com- achievement to increased con- should apply for a patent. For South Main this may be the I munity transformation: cern for the welfare of others That is not to suggest it can’t be spring and summer that the closest BRIDGES. and the increased belief that done. But it isn’t easy because as the neighborhood to the Memphis in May For more than 90 one can make a difference in area grows – and we believe the growth International Festival blossoms like it years, BRIDGES has their community. When you is already under way – someone will wax rarely has in recent years. been focused on build- think about what that means nostalgic for the rustic feel before all the If more Memphians come to see the ing personal bridges here for the future of Memphis, it newcomers made it hip. rebirth of the area in progress then or in our community by Jeremy Park is exciting! The organization South Main will change with growth at other points during the spring and bringing youth and adults giving back currently serves more than just as it has changed several times summer, it is important that they see an from diverse backgrounds 12,000 youth and adults annu- over in its long history. But if there is a area that offers a clear companion and together to experience learning that is ally, who are learning, leading and help- goal for what the area should be that alternative to the high-rise residential adventurous, relational and transforma- ing to lift up our community. Students remains fairly respectful of the unknown experience just to the north. tive. Their programs are designed to help represent 85 area middle schools and elements that always require plans to The business leaders and developers be malleable, South Main can be the involved in the South Main comeback students discover personal greatness by 56 high schools, covering the spectrum neighborhood it once was with the are taking risks in the shadow of the igniting motivation and self-confidence, of public, charter, parochial, private and structures that later defined its charac- recession and should be able to sustain developing their creativity and commu- home schooled. BRIDGES is serving all ter and identity. themselves on fair market values. The nication skills, and enhancing their ability races, religions and income levels, and The value of that combination is also young professionals they seek as part of to make ethical decisions. The learning truly helping to chart a new course for found in what it means for the soon-to- the mix to populate the area must also also focuses on working effectively as a the interpersonal dynamics of our city. be second phase of development of the be able to afford the rent. team, practicing leadership and youth- Getting engaged with BRIDGES is Beale Street entertainment district – an We think these essentials can coex- led social change, as well as initiating easy. Their Screen on the Green Gala, area overwhelmingly geared to tourists ist with some vigilance to give both and leading complex responses to issues “The Wizard’s Ball,” takes place March 23 as opposed to those who live in Mem- words in the phrase “fair market” equal that affect their lives and improve the at 7 p.m. at the BRIDGES Center. Food phis. emphasis. well being of the whole community. and themed drinks will be provided by an In South Main’s unique identity We are also anxious to see the South With an indoor rock climbing wall and assortment of well-known local res- might be the key to finding an identity Main ArtSpace Lofts work in what is ropes challenge course high overhead, taurants with special performances by for Beale that makes it more of a place a crucial test of the idea of live-work tying “adventurous” into the programs is Ballet Memphis and Alexis Grace, as you where local meets tourist. spaces for artists. easy at their futuristic BRIDGES Center. dance the night away in Oz. Then, look at South Main’s social flavor so far ArtSpace could have lessons for Inclusion and respect for diversity are at setting up a team-building session, using bears a passing resemblance to Cooper- the Crosstown development effort and the heart of the “relational” experience their rock wall, ropes course or other Young’s district as well as the burgeon- vice-versa. If successful, it could be with strong friendships forged among experiential learning programs. Take a ing Overton Square but the three have replicated in many other parts of the children from vastly different back- tour or consider hosting your next party enough differences to make them all changing map of where Memphians grounds. “Transformative” describes or event at their BRIDGES Center. Learn viable options for Memphians in the act choose to live. the results of their Bridge Builders more by visiting www.bridgesusa.org.

the pulpit for the Calvary Lenten Speak- A Higher Order of Sausage ers Series. Down here in the basement, the comforting liturgy flows from the GOD’S SAUSAGE. cream pie that has nothing to do with kitchen and its rich tradition is shared (When you see this column, it’s the Boston, or with pie for that matter, and at table. Would-be kings, queens and 40 Days of Waffle Shop again, so strike with enough booze in there that they heirs apparent to our commerce, while the iron is hot.) ought to stick a little umbrella in the politics and jurisprudence sit elbow- “You might just be a copywriter,” whipped cream and call it a specialty to-elbow with our hoi polloi, with our characters, legends and pretenders all Brick Muller said, staring down at the MEMPHASIS drink. Wonderfully eggy and oily mayon- piece of paper I’d just handed him. On it dan conaway naise, chicken hash and corn sticks, in common praise of greased, salted, was an ad idea I’d just pounded out on shrimp mousse and chicken salad, sugared, and floured conversation. the 1948 Royal typewriter he was pay- iffy job turned into a career. All because tomato aspic and chicken noodle soup, Up there, I once heard one of those ing me to use as a copywriter. The fact I had some terrific sausage for lunch in spaghetti and rye bread, corned beef famed preachers, John Stone Jenkins, that this was his first recognition that a church basement across the street, and cabbage. address the question of whether or not I might be one was gratifying since I’d talked my way into the kitchen, and And, of course, signature waffles – God answers prayers. “Well of course already been there for nine months. found out it was Southern Belle – the pried by campaign-seasoned veterans God answers prayers,” he said, “but The headline on that ad was “God’s only sausage good enough in 1972 for from a battery of vintage irons – and very often the answer is no.” Down here, Sausage.” the Calvary Episcopal Church Waffle the aforementioned sausage – not today, the answer is yes. The Waffle Brick owned a Memphis ad agency Shop, a Memphis institution dating formed into patties but into small can- Shop is open. and was desperately trying to get the back to 1928. nonballs. I’m a Memphian, and I’ll have the attention of Southern Belle, a Missis- W.C., Elvis, Jerry Lee, B.B., Rufus, Ironically, the Calvary Waffle Shop is salad plate. sippi meat packing company, rumored Al, Otis, Justin – and the Memphis open only during Lent, and I give up the Dan Conaway is a lifelong Mem- to be looking for something new. The song that is a Waffle Shop salad plate. stuff it serves 325 days a year to get to phian, longtime adman and aspiring idea on that piece of paper got the Clarence Saunders, Kemmons Wilson, these 40. local character in a city known for them. agency in the door for the pitch. The ad Fred Smith – and the Memphis original Up in the church, famed preachers Reach him at dan@wakesomebodyup. got their attention, I got Brick’s, and an that is Waffle Shop fish pudding. Boston from across our city and land mount com. www.thememphisnews.com March 1-7, 2013 35

Customized Lists at Your Fingertips!

Create your own personalized set of Marketing Leads with The Daily News Online Custom List Builder tool!

ONLINE SERVICES

Would you like to market your services to New Homeowners in specific areas? Or see a list of recently Foreclosed Properties in Shelby County? With the Custom List Builder Tool you can build custom lists of new homeowners, mortgages, building permits, new utility connections, business licenses, marriage licenses and more! Purchase marketing leads for as low as 15¢ per record! We can also customize your lists for you based on your target audience!

Start building your lists today! Simply select your list type and narrow down the results using your own unique criteria. Choose from:

• New Home Owners (Property Sales) • New Utility Connections • Marriage Licenses • Foreclosure Notices • Mortgages • Foreclosed Properties • Mortgage Releases • Building Permits • Bankruptcy Filings • And More! • Divorce Filings

Contact Wendy Greenlaw at 901.528.5273 or [email protected] for a quote or to learn more! 36 March 1-7, 2013 www.thememphisnews.com

Comprehensive Cancer Care is Closer Than You Think

(L to R: Moon J. Fenton, M.D., Ph.D, Ronald D. Lawson, M.D., FACP, Loverd M. Peacock, M.D.)

Crittenden Regional Hospital welcomes two new Medical Oncology and Hematology physicians, Moon Fenton, M.D., PhD. and Ronald D. Lawson, M.D., FACP to its medical staff. CRH also congratulates our local Radiation Oncology physician, Loverd M. Peacock, M.D. on joining The West Clinic in West Memphis.

Dr. Fenton joins the CRH medical staff as a specialist in Medical Oncology and Hematology. A native Memphian, Dr. Fenton obtained her Medical Degree from the University of Tennessee Health Science Center. She received a PhD in Molecular Cell Sciences from The University of Memphis and did research at St. Jude Children’s Research Hospital in Hematology. She completed her Internal Medicine Residency at Wayne State University and Fellowship in Hematology and Oncology at the University of Pittsburgh Medical Center, concentrating her research on leukemia and immunology.

Dr. Lawson also joins the CRH medical staff as a specialist in Medical Oncology and Hematology. Dr. Lawson is board-certified in medical oncology by the American Board of Medical Oncology and in internal medicine by the American Board of Internal Medicine. He received his medical degree from the University of Tennessee and completed his internal medicine residency at Methodist Hospital in Memphis, Tennessee. Upon completion of his residency, Dr. Lawson accepted and completed his Medical Oncology Fellowship at the University of Texas System Cancer Center MD Anderson Hospital and Tumor Institute in Houston, Texas. He also completed his Advanced Fellow & Instructor Program through the Department of Developmental Therapeutics at MD Anderson Hospital and Tumor Institute.

Dr. Peacock continues to provide radiation oncology for Eastern Arkansas at the new West Clinic location in West Memphis. Dr. Peacock is board-certified in radiation oncology by the American Board of Radiology and in internal medicine by the American Board of Internal Medicine. Dr. Peacock earned his medical degree from the University of Arkansas for Medical Sciences. In addition to a preceptorship in tropical medicine in Guatemala, Dr. Peacock completed his internship with University Hospital in Little Rock and his residency in radiation oncology at the University of Utah Medical Center.

For appointments with Drs. Lawson, Fenton or Peacock, please call (901) 683-0055.

The West Clinic 271 W. Polk West Memphis, Arkansas 870.735.5912 www.westclinic.com www.crittendenregional.org