November 15-21, 2013, Vol. 6, Issue 47

Emphasis: Financial Services

Financial services institutions continue to adapt their product offerings to provide additional convenience for customers • P. 1 6

Shelby • Fayette • Tipton • Madison

LEAD LOCAL Memphis institutions staying close to home for top executive searches

A growing Lead Local movement is emerging in Memphis that sees companies hiring locally P. 1 4

Builders Mobile Unit showcase Brings aid Early turnout strong Humane Society for annual Vesta raising funds to make Home Show in spay and neutering Germantown • P. 2 3 services mobile • P. 7

digest: page 2 | Inked/recap: page 8 | newsmakers: page 21 | law talk: page 24 | editorial: page 30

A Publication of The Daily News Publishing Co. | www.thememphisnews.com 2 November 15-21, 2013 www.thememphisnews.com

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

Electrolux Ships First Transplants Foundation The Memphis News | almanac Memphis-Made Products Names New CEO Electrolux North America’s first The National Foundation for Trans- November 15-November 21, 2013 Memphis-made products have rolled plants has a new leader. This week in Memphis history: off the assembly line and been shipped The foundation has appointed Connie across the country. Gonitzke to serve as president and CEO of >> 2012: On the front page of The Daily News, civic leaders in Millington The inaugural products produced the Memphis-based national nonprofit. formally opened the long-awaited extension of Veterans Parkway north of at the Memphis facility – the Frigidaire Gonitzke rose through the founda- and Frigidaire Gallery slide-in ranges – tion’s ranks, joining the organization in Navy Road. were recently manufactured, packaged 2002 as a patient advocate before being and loaded onto trucks for warehous- appointed director of resource develop- >> 1983: The Benchmark Hotel, Downtown’s largest black-owned ho- ing and retail distribution throughout ment in 2006 and senior vice president of tel, opened on the northwest corner of Union Avenue and Third Street, the United States. It’s the culmination development in 2008. across from The . What had been a fire-damaged motel was of a two-year construction effort on the As president and CEO, Gonitzke will renovated over three years at a cost of $4.5 million with 110 rooms. At its 750,000-square-foot, $266 million dollar focus on raising the foundation’s national opening the hotel was at full occupancy with a delegation from Iowa in the facility. The first truckload of ovens was profile and position and increasing phil- city for the annual Church of God In Christ convocation. shipped to Seattle, Wa. anthropic efforts. In addition to the two ranges, the Gonitzke has been a member of the >> 1965: The Rolling Stones played the Mid-South Coliseum in the first plant will ultimately produce a variety Association of Fundraising Professionals in a series of Memphis concert appearances over the decades that have of signature items, including Electrolux, since 2005, earning the Certified Fund included two shows at nearby Liberty Bowl Memorial Stadium and a 1978 Electrolux ICON and Frigidaire built-in Raising Executive credential. She also has return to the Coliseum. The 1965 date at the Coliseum was part of the Brit- and specialty cooking products, wall ov- volunteered and served on various boards ish band’s second U.S. tour with Memphis between dates in Nashville and ens and specialty freestanding ranges. and in leadership positions in numerous Shreveport, La. The plant, inside Frank C. Pidgeon community and religious organizations, Source: “The Rolling Stones: An Illustrated Record” by Roy Carr Industrial Park, features an in-house lab including the West Transplant that allows the company to simulate a Association and as president of the local >> 1923: Demolition work was completed on the old Peabody Hotel at product’s lifetime usage and performance AFP chapter. Main Street and Monroe Avenue with construction to begin a day later on expectations. Founded in 1983, the National the new Lowenstein Bros. Department Store, which had been at Main and Electrolux said it has hired about 500 Foundation for Transplants has gener- Jefferson. The original Peabody opened in 1869 with 75 rooms. Among its employees in manufacturing, engineer- ated nearly $65 million to help transplant guests were Presidents Andrew Johnson and William McKinley as well as ing, supply-chain management, finance patients overcome financial obstacles. Russian Grand Duke Alexis, the son of Czar Alexander II. and operations management at the Mem- Source: www.peabodymemphis.com/history phis plant. It will eventually employ 1,200 Two Memphians Among people over the course of the next five years as it reaches full production. Appeals Court Finalists Shelby County Chancellor Kenny W.

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Armstrong and Memphis attorney Doro- dispositions. Stratton has been with Col- phis market is officially sold out. Dunkin’ across North Parkway, through the Cross- thy Pounders were among three finalists liers International Memphis since 2001. Donuts entered the market in 2008 at town site. for an upcoming vacancy on the Ten- 1674 Whitten Rd. and currently has seven The grant is supplemental funding nessee Court of Appeals recommended Dunkin’ Donuts to Add stores in the Memphis area. for the development team’s $175 million Thursday, Nov. 14, to Tennessee Gov. Bill 12 Memphis Locations proposal to turn the long-vacant building Haslam. Crosstown Team Wins into a thriving hub for arts, education and The recommendations are the first More Memphis area Dunkin’ Donuts health care. the Governor’s Commission on Judicial are on the way. Grant for Greenline Link The project includes St. Jude Chil- Appointments has made since Haslam Franchise group JP Foods LLC will The Sears Crosstown redevelopment dren’s Research Hospital, ALSAC (the fun- created the body in October. develop 12 new restaurants throughout team garnered a $50,000 grant from draising arm of St. Jude), Crosstown Arts, The third finalist on the list is attorney Memphis, with the first new restaurant Shelby County to help link the property Gestalt Community Schools, Memphis Brandon O. Gibson of Jackson, Tenn. expected to open in 2015 and the remain- with a nearby greenline. Teacher Residency, Methodist Le Bonheur Haslam will pick one of the three to der by 2020. The grant, which was given to the Healthcare, Church Health Center and fill the vacancy on the court when Judge JP Foods, led by Peter Garner and county from the U.S. Department of as founding partners that David Farmer retires at the end of August. Jonathan Vacca, will manage and oversee Housing and Urban Development, will be have pledged to be tenants in the redevel- Farmer is one of several state appellate daily operations for each restaurant. used on design work to extend the nearby oped building. court judges who have announced they The new agreement means the Mem- Vollintine & Evergreen Greenline, located The $50,000 is not part of $15 million will not seek re-election in retention races in August but plan to serve until the end of their terms later that month. Haslam is awaiting the commission’s recommendations to fill the upcoming Tennessee Supreme Court vacancy cre- ated by the planned retirement of Justice Janice Holder of Memphis.

Trolley Station Sells For $2.7 Million Trolley Station, a Class C shopping center at the northwest corner of South Perkins Road and American Way, has sold for $2.7 million to a Georgia-based company. Vishal Trolley Station LLC purchased the property from Kimco Trolley Station LP in an Oct. 29 special warranty deed, financing the deal with a $1.9 million deed of trust through Citizens Savings Bank & Trust Co. Shiv K. Aggarwal signed the trust deed as sole manager of Vishal Trolley Station. The purchase includes three par- cels, according to the warranty deed: a 107,267-square-foot neighborhood shopping center at 2685 S. Perkins, a 45,812-square-foot single-occupancy building at 2665 S. Perkins, and a 15,312-square-foot single-occupancy building at 2671 S. Perkins. Constructed between 1991 and 1993, the buildings are situated on 14.6 acres, and the Shelby County Assessor of Prop- erty’s combined 2013 appraisal is about $4.4 million. Kimco Trolley Station bought the property in 1998 for $16.2 million.

Stratton to Serve On National Real Estate Board Henry Stratton, vice president of bro- kerage services for Colliers International Memphis, has been elected to a three- year term on the national board of direc- tors of the CCIM Institute, a commercial real estate organization with over 15,000 designees worldwide. The institute confers the Certi- fied Commercial Investment Member designation, which denotes a recognized expert in commercial and investment real estate. Stratton has held the CCIM designa- tion since 2003. He served as local chapter president in 2009 and as a regional vice president in 2013. As vice president of brokerage service, Stratton specializes in office and industri- al tenant representation, acquisitions and 4 November 15-21, 2013 www.thememphisnews.com

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MAAR: Home Sales the redevelopment team has requested chased by an Arizona real estate invest- practice law while also assuming respon- from the city of Memphis for infrastruc- ment trust for $5.1 million. Flat in October sibility for setting leadership strategy, ture improvements such as sewer repairs Spirit Master Funding LLC, a REIT Memphis-area home sales for October managing business affairs and supervis- and improving sidewalks and roads. affiliated with Scottsdale, Ariz., Spirit were relatively flat from a year ago, with ing the firm administrator. Realty Capital, bought the properties Oct. 1,378 total sales, according to the Mem- Thomas has been associated with Doctors Express Partners 25 from Shelton Development Co. LLC in phis Area Association of Realtors. Rainey Kizer since graduating with separate transactions, paying $1.3 million The 1,378 sales in October were up honors from the University of Tennessee With Streetdog Foundation for the Popeyes at 1105 W. Poplar Ave. in 5.3 percent from 1,309 sales recorded in College of Law in 1988. He practices in the A local medical clinic for humans has Collierville, $2 million for the one at 6085 September. The average sales price for a areas of general civil and commercial liti- created a unique way to help “man’s best Stage Road in Bartlett and $1.9 million for home in October was $146,771, up 14.2 gation, workers’ compensation, employ- friend.” the one at 3660 Austin Peay Highway in percent from $128,526 last October. Total ment law, insurance coverage, trucking When Doctors Express treats a Memphis. sales volume for the month was $202 mil- law, and education law. patient, the medical services clinic will Built in 2000, the Collierville Popeyes lion, up 13.7 percent from $177.9 million buy a bag of dog food in the name of that measures 3,226 square feet and is on 0.8 last October. Indie Memphis Draws patient and donate it to the Streetdog acres on the south side of West Poplar The sales numbers come from MAAR’s Foundation, a nonprofit whose mission east of Poplar View Parkway. The Shelby Multiple Listing Service, which covers More Than 10,000 is getting pit bull breeds off the streets of County Assessor of Property appraised it Shelby, Fayette, Tipton, Hardeman, Har- The Indie Memphis Film Festival drew Memphis and into a rehabilitation pro- this year at $917,900. din, McNairy, and Lauderdale counties more than 10,000 attendees for the sec- gram so they can be placed into homes. The 3,744-square-foot Bartlett Popey- in Tennessee; DeSoto County, Miss., and ond year in a row to the four-day festival, Jim Harper, owner and CEO of the es was built in 1985 and is situated on 1.2 Crittenden County, Ark. organizers said. Memphis Doctors Express primary and acres on the south side of Stage between MAAR has recorded 13,891 home sales This year’s attendance total was urgent care medical clinic, said Doctors Bartlett Boulevard and Elmore Park Road. through October, up 8.9 percent from 10,035. Express came up with the idea for the do- The assessor’s 2013 appraisal is $763,600. 12,752 over the same period last year. With the completion of the new Hat- nation program and took it to the found- And the Austin Peay Popeyes, built in The average home sales price through Oc- tiloo Theatre next year, Indie Memphis ers of the Streetdog Foundation, which is 2004 and measuring 2,302 square feet, tober was $143,200, up 10.7 percent from executive director Erik Jambor said, the operated by volunteers. is on 1.3 acres on the southeast side of $129,375 over the same period last year. 2014 festival “should be even better.” The program currently runs through Austin Peay southwest of Joslyn Street. Its And according to Indie Memphis board the end of the year, but Harper said if it is 2013 appraisal is $622,200. Rainey Kizer Law Firm president Iddo Patt, this year’s festival had successful, he will continue it next year. In conjunction with the purchases, more venues at, near and sometimes over Spirit Master Funding filed a $7.5 million Names New President capacity than ever before. 3 Popeyes Properties deed of trust through Citibank NA. Gregg Dale Thomas, a partner in the law A. Seibert signed the loan as senior vice firm of Rainey, Kizer, Reviere & Bell PLC, Haslam: Committed To Sell for $5.1 Million president of Spirit SPE Manager LLC, the will succeed John Burleson to become the Three Memphis-area Popeyes Loui- managing entity behind Spirit Master firm’s next president Jan. 1. Improving Teacher Salaries siana Kitchen properties have been pur- Funding LLC. The firm’s president continues to Tennessee Gov. Bill Haslam says he's

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committed to improving the salaries of centers will serve as donation points for with free two-day shipping on many not the message some of the lawmakers the state's teachers and plans to provide the Sixth Annual Mid-South Food Bank items on the site as well as access to Ama- who asked for the report want to hear. some degree of funding in his proposed Student Food Drive. zon's TV and movie streaming service. Due to a lack of data, the author of the budget to start doing so. Donations of nonperishable food But Sunday delivery will be available to all report had to make some assumptions, The Republican governor began his items can be made through Nov. 29 at Amazon customers. including that refugees consume public annual budget hearings with agency Paragon’s four locations: Paragon Place, "For Prime members, it's free; for services and pay taxes at a similar rate to leaders at the Capitol on Tuesday with the 6300 Poplar Ave.; Fountain Place, 5400 non-Prime members, it's like any other the average Tennessean. Education Department. Poplar Ave.; Saddle Creek, 7600 Poplar delivery day of the week," said Dave "We don't know if it's flawed. But we Commissioner Kevin Huffman didn't Ave.; and Grove Park, 4515 Poplar Ave. Clark, vice president of worldwide opera- don't know if it's accurate," state Rep. Joe provide specific numbers on what an in- Last year, Paragon collected more than tions and customer service at Amazon. It Carr (R-Lascassas) told WPLN-TV. "So if crease for teachers might look like, saying $14,000 in donations and more than 500 won't cost extra to get a package delivered we don't know if it's accurate or flawed, he and the governor needed to first see pounds of food. on a Sunday. what was the point of the study?" how the overall budget comes together Sunday delivery has been on Ama- Carr serves on a subcommittee of the and then explore "what's doable this Tennessee GOP Settles zon's wish list for a long time. The com- Joint Government Operations Commit- year" for teachers. pany does not disclose the percentage of tee that has been working on the as- Haslam said at a news conference last Lawsuit With Top Aide its packages that are delivered on week- sumption that there are hidden costs to month that by the time he leaves office The Tennessee Republican Party and ends, but Clark expects customers "to be resettling Tennessee's estimated 58,000 he wants Tennessee's teacher salaries to former chief of staff Mark Winslow have delighted that they will get their products refugees. have grown more than teacher salaries in settled a lawsuit over the public disclo- on a weekend." The report estimates that Tennessee any other state. sure of his severance pay after he left the Financial terms of the arrangement taxpayers spent $40 million last year to He told reporters on Tuesday that the state GOP. were not disclosed, but the deal is likely to educate school-age refugees and $26 mil- state has an ongoing commitment with Republican U.S. Rep. Chuck Fleis- give the financially ailing Postal Service a lion to cover refugees on TennCare. That's K-12 teachers. chmann of Chattanooga and political op- boost. The agency, which lost $16 bil- about $66 million in costs. But refugees erative Chip Saltsman remain defendants lion last year, had tried but failed to end are estimated to have paid more than BDL Files Building in the case headed for trial on Feb. 24. Saturday mail delivery as a cost-saving $103 million in state taxes. "I am pleased we have reached an measure. The report concludes that by a con- Permit for Cordova Site amicable resolution of this unfortu- servative estimate, refugees and their BDL Properties LLC has filed a nate matter and look forward to Mark's Report: Refugees descendants have accounted for about $907,091 building permit application with continuing good work for the party and 0.7 percent of the state's population since the city-county Office of Construction our principles," state Republican Party Net Positive for Tennessee 1990. Code Enforcement for a Cordova property Chairman Chris Devaney said in a release A report by the state's Fiscal Review Over that same period, the state has it purchased Oct. 25. Thursday. Committee has found that refugees bring spent at least $753 million on services to The limited liability company, which Terms of the settlement were not in more money to Tennessee than they that population, and brought in at least lists a Memphis address, bought the 0.9- disclosed. cost the state in entitlements. But that's $1.387 billion in revenue from them. acre parcel in a $193,842 warranty deed Devaney chose not to retain Winslow from the Grace N. Gower Marital Trust after he was elected to replace former and Grace N. Gower Family Trust. Chairwoman Robin Smith, who left the The property, which the sale docu- position in 2009 to run for Congress. ment lists at 0 Douglas Road, is part of Winslow went to work as a top aide The more we invest in 10 acres the Gower trusts own, located to Smith's campaign, and later details behind Lowe’s Home Improvement on the of the confidential severance agreement east side of South Germantown Parkway. became the subject of media reports and children from birth to 3 At the time of purchase, BDL filed a ads by Fleischmann's campaign. Fleis- $1.1 million construction deed of trust chmann ended up winning the nomina- the better crop of through First State Bank, and also filed tion and the general election. a $123,000 deed of trust through Jack "Their target was Robin Smith, but teenagers we’ll get. Bomar. John W. Brown III signed both they used Mark Winslow, who had worked trust deeds on behalf of BDL Properties. for the party, and is still on the state The permit application lists the scope executive committee," said Winslow's of work as “ground up construction” of attorney, Gary Blackburn. "And they de- a 7,600-square-foot building. Alexander scribed his behavior as at least unethical Construction LLC is listed as the project’s and probably illegal." contactor. Winslow sued Fleishman, Saltsman and the state GOP in Davidson County Go to TUCI.org for a copy of the Parents Guide to Kindergarten Readiness. Lipman Meets With Circuit Court, seeking a combined $750,000 in damages on the basis that his Judiciary Committee reputation had been unfairly damaged by Memphis attorney Sheri Lipman ap- the disclosures. peared Wednesday, Nov. 13, before the Saltsman, in testimony last year, said U.S. Senate Judiciary Committee, which documents describing the payments is reviewing her nomination by President were left anonymously on the steps of the Barack Obama to become the newest U.S. garage at his home. District judge for the Western District of Tennessee. Amazon, Postal Service Your Choice for Obama nominated Lipman Aug. 1 on Will Deliver on Sundays the recommendation of U.S. Rep. Steve Same Day Deliveries! Cohen of Memphis, who set up a screen- Amazon is teaming up with the U.S. ing committee to interview nine potential Postal Service to deliver packages on Dedicated, On-Demand, Scheduled candidates. Sundays. The committee has not reported to The Seattle company says Sunday the full Senate on Lipman’s nomination. delivery will be available this week to Lipman served as counsel to the customers in the New York and Los Ange- for 10 years before les metropolitan areas. Amazon and the becoming chief of staff to University Postal Service plan to roll out service to President Brad Martin. "a large portion of the U.S. population" next year, including Dallas, Houston, New Paragon National Bank Orleans and Phoenix. Phone: 901 432-8104 www.dynamex.com Amazon expects Sunday delivery to Seeks Food Bank Donations be popular with members of its Prime For more local and national news, visit www.memphisdailynews.com Paragon National Bank’s four banking service, which costs $79 a year and comes 6 November 15-21, 2013 www.thememphisnews.com

contributors Nov 15-Nov 21, 2013, VOL. 6, NO. 47 news

Real Estate & Development

President & CEO bill dries Peter Schutt Senior Reporter

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

Publisher Momentum Connects Eric Barnes

Associate Publisher & Executive Editor James Overstreet With History Managing Editor andy meek Lance Allan Wiedower Senior Reporter Recent Overton Square developments have created a real Banking/Financial Services/Accountants, Markets & Economy, momentum and buzz in the Midtown neighborhood. And Deputy Managing Editor Economic Development, Small Business Eric Smith 528-5279 | [email protected] some of that has been based on the neighborhood's rich history.

Associate Editor Kate Simone

Bill Dries house on the Square founder Jackie Graphic Designer & Photo Editor [email protected] Nichols said on “Behind the Headlines.” Brad Johnson “It’s arts in general. We bring 60,000 people f you think Midtown’s recent mo- a year to Playhouse and Circuit. Theatre- Graphic Designer mentum, particularly in and around Works has another 10,000. … It’s going Yvette Touchet jennifer JOHNSON backer REPORTER I Overton Square, is real growth, you are to be 150,000 to 200,000 people coming right. to the arts there. All you’ve got to do as a Senior Production Assistant Health Care/Biotech, Transportation/Distribution/Logistics, But it is growth in development that restaurant is not screw up.” Sandy Youngblood Attorneys/Courts/Civil Litigation, Nonprofits 528-8622 | [email protected] Overton Square developer Bob Loeb be- Under construction is another critical Production Assistant lieves will bring along a denser population element to the district, the new location Laurie Beck in the area. of Hattiloo Theatre, founded by Ekundayo “Midtown is a couple of hundred thou- Bandele. Public Notice Director sand people short, and we need to make “You have somebody come see a show DON FANCHER it an attractive place … to attract new on opening night. There’s usually six weeks residents into Midtown,” Loeb said on the in between one opening night and the next Senior Account Executive WKNO-TV program “Behind The Head- opening night of the next show,” Bandele JANICE JENKINS lines.” “It’s going to take time. And short said. “That’s enough span of time for AMOS MAKI term, we can build more supply of places somebody to return home and get hooked Account Executive REPORTER LUCY BLACKMON than there is purchasing power demand. on “Scandal” or “Black List.” … And before Commercial and Residential Real Estate, Architects/Engi- neers/Construction But the hope is over time that demand will you know it, they’ve dropped off from the Business Development Manager 521-2464 | [email protected] grow. We are betting on that.” arts. You can have a person come to Over- Patricia mckinney The south side of Madison Avenue ton Square, and they can be engaged in the at North Cooper Street, the section of arts for almost a month, every weekend.” Director of Marketing & Advertising Overton Square where the entertainment Loeb said the crowds in Overton DONNA WAGGENER district began in 1970, should have a new Square already point to the need for a tenant announced this week, according to hotel and the one corner at Cooper and Marketing Manager Loeb. Madison that isn’t active is the one where Leah Sansing Loeb said the new tenant would be the closed French Quarter Inn stands. in part of the space once occupied by “That property will be redeveloped,” Controller/Human Resources DON WADE PAM MALLETT SPORTS COLUMNIST Lafayette’s Music Room, the storied live Loeb said. “Whether it’s redeveloped as a music venue that lasted only five years but hotel or other use is yet to be seen. We are [email protected] Administrative Specialist figures prominently in the mythology of making steady progress. We’ve got some MARSHA PAYNE the original entertainment district. good tenants that have signed leasing and “We’ve wanted to connect with the are improving space but aren’t on line yet. Circulation Coordinator history. People said we needed to chase We’ve got others in the pipeline. This mo- KAYE KERR Friday’s and get a new Friday’s there,” Loeb mentum will continue to build.” said, referring to the TGI Friday’s restau- Meanwhile, June West of Memphis Pressman rant that in 1970 was the cornerstone for Heritage said her group and other preser- CEDRIC WALSH the development of the district. vationists are working on making land- Andrew J. Breig He added that others have suggested marks a reference point in the changes. Pressman PHOTOGRAPHER PETE MITCHELL the return of other Overton Square brands, In the case of Overton Square, Memphis Weekly features, spot news such as Bombay Bicycle Club. Heritage challenged earlier plans by out- [email protected] Published by: “Great names. Great memories,” he of-town developers to demolish buildings THE DAILY NEWS PUBLISHING CO. said. “But we wanted a 2000-teens version on the south side of Madison at Cooper to 193 Jefferson Avenue Memphis, TN 38103 To reach our editorial department, e-mail: of the community that existed when Over- build a supermarket. [email protected] or call: 901-523-1561 P.O. Box 3663 ton Square thrived.” “I’m not saying every building should Memphis, TN 38173-0663 Tel: 901.523.1561 The program, hosted by Eric Barnes, be saved, nor should it be saved,” she said. Fax: 901.526.5813 publisher of The Daily News, can be seen “That’s the problem here when we have www.memphisdailynews.com on The Daily News Video page, video. outsiders come in. I’m not saying they The Daily News is a general interest newspaper covering business, law, The Daily News is supportive, including in some case memphisdailynews.com. aren’t welcome. … You do your due dili- being on the boards of, the following organizations: government, and real estate and The live music venues to come – in- gence. You market. You talk to people and a development throughout the Memphis Literacy Mid-South, Grace St. Luke's Episcopal metropolitan area. School, Conservancy, Ronald McDonald cluding an amphitheater next to the new lot of out-of-towners don’t do that.” House, Great Outdoors University, Tennessee Wildlife The Daily News, the successor of the Daily Federation, Temple Israel, St. Jude's, St George's parking garage – exist in a theater and arts She also said preservationists have to Record, The Daily Court Reporter, and The Independent Schools, Shelby Residential & Vocational district that already includes Playhouse on be involved sooner. Daily Court News, was founded in 1886. Svcs, Park, Calvary & The Arts, Bridges, Boys & Girls Club of Greater Memphis, Binghampton the Square and its Circuit Playhouse and West cited the attempt by her group AUDIT PENDING Development Corporation, U of M Journalism Dept., TheatreWorks. to save Union Avenue Methodist Church Chickasaw Council Boy Scouts, Memphis Leadership Foundation, Junior Achievement, And the theaters come with their own on the southwest corner of Cooper and Conservancy, and WKNO. hard numbers that underlie the nostalgia. Union, which was demolished to make “It’s not just a theater district,” Play- way for a CVS drugstore. www.thememphisnews.com November 15-21, 2013 7

news

Nonprofit Sector Retail The Mighty Olive Opens At Laurelwood

Andy Meek [email protected]

new food and grocery business opening in the Laurelwood Collection will seek Ato draw in foodies and health-conscious shoppers with a distinctive product focus. The concept behind The Mighty Olive is that of an artisan olive oil and vinegar market. The shop will focus on selling dozens of fla- (Memphis News/Andrew J. Breig) vors of premium-quality olive oils and vinegars Humane Society of Memphis & Shelby County Executive Director Alexis Amorose with Eureka and – a concept the husband-and-wife ownership Huck is pushing for extra funds so the organization can get a mobile spay and neuter unit rolling. team saw elsewhere, then “fell in love with it, did some research and got hooked.” That’s according to Carol Braslow, a former corporate director of purchasing for Peabody Hotel Group. Braslow said she was looking to start a new chapter in her professional ca- Humane aid reer, so she and her husband, Sam, decided to launch their new venture, which opened Mobile unit would put dent in homeless animal numbers Tuesday, Nov. 12. And it’s not just racks of olive oil in bottles that they’re selling. The Mighty Olive also will help customers with recipes and product Erinn Figg shelter. The remaining 8,859 animals pairings, and will facilitate cooking demonstra- Special to The Memphis News were euthanized – a euthanasia rate of tions, among other things. 69 percent. “We know how healthy olive oil is, and the he Humane Society of Mem- One important key to lowering the taste is unbelievable,” said Braslow, whose hus- phis and Shelby County wants staggering statistic is to put accessible band is a former owner of A. Schwab dry goods, T to take its spay and neutering and affordable prevention measures in What people need the venerable Downtown Memphis store. “It services to the streets, but the nonprofit place, Amorose said. makes cooking easy, you can put it on so many organization needs the help of local “Ultimately this isn’t about saving to know is a mobile things, and it’s really tasty. A lot of the concept businesses to get the initiative rolling. the lives of animals. It’s about saying we ... unit will make (behind The Mighty Olive) is also about pairing Dedicated to rescuing and reha- want to stop the flow before it gets to Memphis better.” things together, so we’ll suggest things, we’ll bilitating injured and abused animals, our door.” give out recipes and do cooking demonstra- – Alexis Amorose the group is raising funds to put a In 2010, the Memphis City Coun- Humane Society of Memphis and Shelby County tions.” mobile spay and neuter unit (MSNU) cil passed a mandatory spay/neuter “ The Braslows settled on Laurelwood as their in motion in Memphis. The wheeled ordinance in an attempt to rein in the destination after considering other possible 34-foot-long, 8-foot-wide trailer would city’s animal overpopulation problem. and clinics in the area. locations and gravitating toward the idea of be outfitted with two surgical tables, a However, more than 26 percent of the Right now the organization has putting their store in “the center of Memphis.” folding prep table, custom-built wall Memphis population lives below the raised about $300,000 toward its goal The store, at 4615 Poplar Ave., also carries kennels and all necessary surgical poverty line. And although spaying of $1 million, which will cover the unit specialty items in addition to oils, including a equipment and supplies. and neutering is the best way to keep ($200,000) and the first five years of line of bath The fundraising campaign will al- an animal population in check, many operation costs ($160,000 a year). products. low businesses and individuals to not Memphians can’t afford the operation, Through a tiered donation pro- The only make an impact on the welfare of which can cost anywhere from $150 gram, residents can support the Mighty the city’s animals, but also to improve to $300 at a veterinarian’s office. In ad- campaign on a number of levels. Olive conditions in Memphis as a whole. dition, research by national animal wel- Amorose says one of the best ways will offer “What people really need to know fare organizations shows that a primary for businesses, groups or neighbor- specialty is that a mobile spay and neuter unit reason people don’t spay and neuter hood organizations to get involved is chocolate will make Memphis better all around,” their pets is a lack of transportation. through the Sponsor-a-Week Program. made with said Executive Director Alexis Amorose. A mobile unit would solve this With a $5,000 donation, the donor will olive oil, ((Courtesy of Farmhouse)) “It’s part of an ongoing collective effort problem by bringing the services have the opportunity to provide four as well as The Mighty Olive focuses on sell- on all of our parts to improve our city’s directly to Memphis neighborhoods, days of spay and neuter services, pet products ing premium-quality olive oils. neighborhoods.” Amorose said. The Humane Society vaccinations and humane education such as She estimates that by taking the also helps with the surgery costs. The in a location of the donor’s choice. The salts, pasta, bath products and a variety of mobile unit on the road to low-income organization’s current Project Stop Sponsor-A-Week participant also will kitchen gadgets such as cheese boards. neighborhoods, the Humane Society offers low-cost and free spay/neuter receive recognition on the Humane “We’ll also be baking bread here, too,” could spay and neuter up to 6,000 and vaccination services to income- Society’s website, social media outlets Braslow said. “The main idea is for you to come animals per year, resulting in a signifi- qualifying pet owners, usually requiring and in the monthly newsletters. It’s a here and taste things, and if you don’t like it, cant dent in the city’s homeless animal a copayment of whatever the pet owner great idea for a company’s community you don’t have to buy it.” population. can afford. And any pet owner – no in- service project, Amorose said. Braslow will draw on her background to According to Memphis Animal Ser- come qualification required – can visit For more information on the help make the business a success. As corporate vices, out of the 12,808 animals that en- the Humane Society at 935 Farm Road, campaign and to make a donation, visit director of purchasing for Peabody, she was re- tered the Memphis Animal Shelter last purchase a $50 spay/neuter voucher the Humane Society of Memphis and sponsible for things such as capital purchases year, 3,328 were adopted out, returned and schedule an appointment with one Shelby County’s website at memphi- and national contracts for hotels owned and to owners or transferred to another of seven participating animal hospitals shumane.org/outreach/spay-a-neuter. managed by Peabody Hotel Group. 8 November 15-21, 2013 www.thememphisnews.com Olymbec Acquires 13-Building Bellbrook

Olymbec USA LLC has snatched up square feet of land and three small shed Three Guys offers a broad menu, Andrew Phillips and Ed Thomas of Col- two more key Memphis properties, includ- buildings totaling 12,000 square feet at 373 including its specialty pizzas, salads, sub liers International Memphis represented ing the 1.8 million-square-foot Bellbrook W. Brooks Road through a January auction sandwiches and Italian classics like spa- Party City. Steve Brommer represented industrial park. from the estate of George E. Smith for ghetti and calzones. the owner of the 360,000-square-foot Olymbec bought the 13-building cam- $50,600. center in the University of Memphis pus situated on more than 100 acres from In February 2011, Olymbec bought The owners of the long-vacant area, Finard Properties LLC, in the TC Bellbrook Retail LLC for around $23.3 the 1.1 million-square-foot Space Cen- Toof Building on Madison Avenue transaction. million. ter portfolio at 3051-3133 Tranquility Downtown are moving forward Olymbec said in a brief statement on Drive from Trammell Crow Co. for $7.3 with plans to build 50 apartment Dr. Brad Wilkinson has its website that the purchase will “comple- million. units there. renewed the lease for his pe- ment our neighboring Space Center The family-run, private real estate The building, located at diatric dental practice in East Industrial portfolio, where we can now of- investment firm entered the Memphis 195 Madison, contains the Memphis. fer industrial space to any size user in this market in 2004 with its purchase of a mural that overlooks Au- Pediatric Dental Spe- submarket.” 500,000-square-foot distribution center toZone Park. cialties recently renewed its Amos Maki In addition to the Bellbrook acquisi- at 8800 Rostin Road in Southaven. The owners of the property Inked 2,800-square-foot lease at tion, Olymbec also bought the Caterpillar won a 14.5-year tax freeze form Sanderlin Place. Logistic Services building at 5000 E. Raines Three Guys Pizza Pies is opening an- the Center City Revenue Finance Wilkinson has been in Road for $8.6 million. other Memphis-area location. Corp. to convert the vacant building into practice for more than two decades. Olymbec USA, an entity of Montreal- Three Guys, owned by David J. Pippin 50 apartment units with ground-floor Wilkinson completed his D.D.S degree based Olymbec Corporate Group, has been and Melissa A. Pippin, has leased 2,100 commercial space. from The University of Tennessee Health on a Memphis buying spree. square feet at the Shops at Cordova Sta- A $5.2 million building permit for the Science Center in 1989 and in 1991 he In October, the company acquired the tion, located at 1010 N. Germantown Pkwy. project was filed this week with the Shelby completed his Masters of Science in 219,557-square-foot Brinkley Plaza at 80 The space was formerly Johnny Brusco’s County Office of Construction Code En- Pediatric Dentistry from The University of Monroe Ave. from a partnership made up Pizza. forcement. Tennessee. Wilkinson is a member of the of entities related to local commercial real Andrew Phillips and Ed Thomas of Col- Memphis Dental Society, Tennessee Den- estate groups CB Richard Ellis Memphis liers International Memphis represented Party City has renewed its lease at Pop- tal Association and American Academy of and Loeb Properties Inc. the landlord, 1010-1034 North German- lar Plaza shopping center and has plans to Pediatric Dentistry. And in July, Olymbec purchased town Parkway Holdings LLC, while Robert invest in the store. Laura Warren represented the landlord, a 157,000-square-foot, Class C indus- Sloan with The Shopping Center Group Party City recently renewed its lease Loeb Properties Inc. trial warehouse at 3615 Lamar Ave. from LLC represented Three Guys. for 10,510 square feet at Poplar Plaza and Miami-based loan servicer LNR Partners The new restaurant will join existing lo- plans to install new restrooms and update Send commercial lease announcements LLC for $1.5 million. cations in Southaven and Lakeland. Three the heating and air conditioning systems to Amos Maki, who can be reached at 521- Also, the company acquired 40,000 Guys also has a location in Virginia. there. 2464 or [email protected].

$7.9 million. Owner: AutoNation Inc. REAL ESTATE RECAP CubeSmart sold the 119,085-square- Tenant: Dobbs Honda foot, Class C storage facility to WCP/ Architect: N/A DSSH Holdings 16 LLC, an affiliate Contractor: N/A CubeSmart Sells Storage of Emeryville, Calif.-based Devon Details: Fort Lauderdale, Fla.-based Self Storage Holdings LLC. No AutoNation Inc. has filed a $5.3 mil- financing was associated with the lion building permit with the city- Facility for $7.9 Million sale. county Office of Construction Code Built in 1966, the multi-building Enforcement for a Dobbs Honda facility sits on 9.2 acres along the dealership at 4030 Hacks Cross Road Eric Smith north side of Poplar Avenue at its in Southeast Shelby County. [email protected] intersection with Collins Street. The AutoNation’s local affiliate, Ameri- Wesselly Ave Shelby County Assessor of Proper- can Way Motors Inc., earlier this ty’s 2013 appraisal is $4.5 million. year paid $2.8 million for the prop- The sale follows last month’s flurry erty, a 28.8-acre parcel of land on

Cumberland St Collins St of transactions in which CubeSmart Hacks Cross Road near its Tenn. 385 sold 10 local storage facilities to af- interchange. filiates of Devon Self Storage Hold- The company bought the vacant

N Merton St Poplar Ave ings. CubeSmart sold the facilities parcel from The Gurley Cos. LP in a in nine separate Oct. 15 warranty Feb. 21 special warranty deed. CubeSmart deeds for a combined $31.3 million. The Dobbs Honda dealership will The facilities are at 7777 Moriarty move from the location it has had Madison Ave Road; 5141 American Way; 6390 at 2785 Mendenhall Road for 20 Winchester Road; 4705 Winchester years. The new dealership is a $10.5

Union Ave Extd Road; 3040 Austin Peay Highway; million project that is expected to 3686 Germantown Road; 3670 Old produce 30 jobs once completed.

S Merton St S Bingham St Getwell Road; 3577 New Getwell Shelby County Commissioners ap- Road; 9275 Macon Road; and 6140 E. proved the plan in October 2012. Shelby Drive. Cheryl Followell signed the war- Union Ave For details on those transac- ranty deed as chief manager of The 2700 POPLAR AVE. • MEMPHIS, TN 38112 tions, visit the Oct. 22 edition of Gurley Cos, which had acquired the The Daily News Online, www. property in a 2005 quitclaim deed memphisdailynews.com. from Followell, serving as trustee of 2700 Poplar Ave. a trust for Betty J. Gurley. Memphis, TN 38112 4030 Hacks Cross Road The land sits along the west side of Unincorporated, TN 38125 Hacks Cross Road between Noncon- Sale Amount: $7.9 million nah Creek and Tenn. 385. Sale Date: Nov. 4, 2013 Permit Cost: $5.3 million The Shelby County Assessor of Buyer: WCP/DSSH Holdings 16 LLC Project Cost: TBA Property’s 2013 appraisal is $2.6 Seller: CubeSmart LP Permit Date: Applied November million. Details: Wayne, Va.-based self-storage real estate investment trust CubeSmart 2013 No general contractor or architect is LP has sold the U-Store-It facility at 2700 Poplar Ave. in the 38112 ZIP code for Completion: TBA listed on the permit. www.thememphisnews.com November 15-21, 2013 9 Money&Markets Extra Investing can be risky. Even so, putting economy is large and diverse and there We look at companies that have healthy, some very large companies that can be money to work with small companies are many niches where a small company sustainable margin profiles, and we focus very risky. doesn’t have to raise any more concern can have a dominant place. For us, it intensely at free cash flow generation. Think how much more mathematically Big growth than buying into large ones, says Matt starts with the business model, and it How do they generate cash? What do difficult is for a $100 billion market cap McGeary, a portfolio co-manager for starts with management. We make an they do with that cash? Cash flow is an company to grow, versus a $10 billion Insider Eagle Asset Management. Investors effort to get to know and hear from and indicator of quality for earnings. And cash company. For example, look at Procter potential Q&A should not make any blanket assump- talk to management. is hard to play games with, so a lot of our & Gamble versus Church & Dwight, the tions, instead they should take a close Management is important at any size valuation methodology is based on that. owner of Arm & Hammer and OxiClean. Title: look at a company’s fundamentals and company, but it’s really important, we That’s a great example of two very high Portfolio consider its growth potential, which think, at smaller companies. There are How much more risk tolerance should quality consumer staple companies. But Co-manager, Eagle Asset Management can often be greater for small, well-run several things to consider — the CEO individual investors have if they’re look at the market caps. How hard is it companies. could also be a founder, and might have looking at small-caps? for P&G (with a $225 billion market cap) His insight: Solid a really big ownership stake. Also, with a There’s systemic risk investing in stocks to grow 5 percent? Then look at Church research into how a Is it harder to identify attractive smaller company, there are fewer product in general. It’s not a risk-free proposition, & Dwight (with a $9 billion market cap.). company is run helps opportunities among the large number lines and fewer service offerings. So it’s whether you’re talking about the smallest For them to grow 5 or 8 or 10 percent minimize risks with small-cap stocks of small-cap stocks? really important that management get the company or the biggest company. You — it’s no easy feat, but it’s much easier For us, there really is no difference. strategic decisions right. can try to control some of that with than for a Procter. Our team is very process-oriented. diversification — with a large basket of Matt McGeary What we really focus on, first and Are there any metrics that you play stocks. But in the end, it comes down Interviewed by Eileen AJ Connelly. foremost, are quality businesses. Our closer attention to? to the individual companies. There are Answers edited for content and clarity. AP

BEHIND THE BRAND HOMEAWAY(AWAY) On a roll... Leasing

The Dow Jones transportation average closed at Dow Jones transportation average (YTD change) a record high Thursday. The index of 20 airline, leisure railroad and shipping company stocks is up 34.9 Delta Air Lines (DAL) 135% percent this year. That’s 9 percentage points higher Southwest Airlines (LUV) 78 than the Standard & Poor’s 500 index. HomeAway brings vacationers and host paid listings for condominiums, Alaska Air (ALK) 77 Airline stocks have been a big driver. Delta Air property owners together. houses, cabins and other properties Lines has more than doubled, up 135 percent. In United Continental (UAL) 56 The company, in 171 countries. which was As vacation late October, the carrier reported a third-quarter Kirby Corporation (KEX) 53 profit of more than one billion dollars. founded in 2004 property listings and is based in have grown, luring Following news that American Airlines and US JetBlue Airways (JBLU) 51 Austin, Texas, runs several rental more renters, so have HomeAway’s Airways reached an antitrust settlement, several Kansas City Southern (KSU) 50 listing websites, including earnings. They are up 85 percent, airlines stocks are up sharply this week. The FedEx (FDX) 49 HomeAway.com, to $19.2 million, through the first agreement lets them create the world’s biggest BedandBreakfast.com and nine months of the year compared Con-way (CNW) airline and opens up more room at key U.S. airports 46 VacationRentals.com. The sites with 2012. for low-cost carriers, such as JetBlue Airways Norfolk Southern (NSC) 41 whose stock is up 12 percent this week. NEW APPROACH: HomeAway typically GROWING: HomeAway is United Parcel Service (UPS) 37 charges owners and managers an expanding operations in South annual subscription fee to list properties America, Asia and Australia. It A big year Soaring airline stocks have led a CSX (CSX) 37 on its sites. Recently, it introduced a recently acquired a majority skyrocketing transportation index. DJ transportation avg. 35 pay-per-booking stake in Bookabach 40% Ryder System (R) 32 option. Users list Ltd., operator of a 35% properties for free, vacation rental site in Union Pacific (UNP) 26 Dow Jones transportation average but pay HomeAway New Zealand. It has GATX (GMT) 22 a 10 percent its sights on the commission on the Middle East and 20 J.B. Hunt Transport (JBHT) 21 booking. Eastern Europe next. Expeditors Int'l of Wash. (EXPD) 9 26% Thursday’s close: $35.94 Landstar System (LSTR) 7 •Revenue up 23 percent to $256.2 S&P 500 index Price-earnings ratio : 133 Matson (MATX) million through the first nine months of 2013 flat (Based on trailing 12 month results) 0 the year. J F M A M J J A S O N C.H. Robinson Worldwide (CHRW) -5 1-YR price change • As of Sept. 30, paid listings up about AWAY: 78% S&P 500: 32% 7 percent to more than 773,000. Source: FactSet Trevor Delaney; J. Paschke • AP Market value: $3.1 billion Source: FactSet Data through Nov. 15 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 32.71 4 39.00 35.16 +.09 +0.3 r s s +4.3 +8.6 26 1.80 Merck & Co MRK 40.02 8 50.16 47.82 +.48 +1.0 s s s +16.8 +12.3 29 1.72 0 s s s AutoZone Inc AZO 341.98 456.94 458.34 +1.46 +0.3 +29.3 +22.3 16 ... Mid Amer Apartments MAA 60.19 2 74.94 62.28 +.74 +1.2 s t t -3.8 +3.7 18 2.78 BancorpSouth BXS 12.55 0 23.40 22.92 -.08 -0.3 t s s +57.6 +76.0 26 0.20 Monsanto Co MON 82.70 0 109.99 110.46 +.47 +0.4 s s s +17.2 +30.9 24 1.72f Boyd Gaming BYD 4.75 6 14.75 10.26 -.04 -0.4 s t t +54.5 +105.2 dd ... Mueller Inds MLI 42.43 0 61.07 59.75 +.53 +0.9 s s s +19.4 +35.3 16 0.50 Community Hlth Sys CYH 27.51 7 51.29 43.35 +.10 +0.2 s t s +41.0 +50.0 23 0.25e 0 t s s Corrections Corp CXW 26.89 7 39.90 35.80 +.52 +1.5 s t s +20.5 +31.7 23 1.92 Navistar Intl NAV 19.24 41.57 39.74 -.01 ... +82.5 +98.7 dd ... Cummins Inc CMI 93.98 9 139.17 132.49 +.94 +0.7 s t t +22.3 +37.0 18 2.50 Nike Inc B NKE 44.83 0 77.89 78.64 +.79 +1.0 s s s +52.4 +72.1 27 0.84 0 s s s Delta Air Lines DAL 9.21 28.47 27.94 +.15 +0.5 +135.4 +173.4 10 0.24 Pinnacle Entert PNK 11.39 9 25.86 24.11 +.02 +0.1 s s t +52.3 +106.8 dd ... Dillards Inc DDS 75.33 9 94.86 91.84 +2.29 +2.6 s s s +9.6 +12.8 12 0.24f Regions Fncl RF 6.19 9 10.52 9.81 +.14 +1.4 s t s +37.6 +51.2 12 0.12 Dover Corp DOV 59.76 0 92.98 93.60 +.67 +0.7 s s s +42.4 +55.3 17 1.50 Renasant Corp RNST 16.53 0 29.89 29.08 -.03 -0.1 t s s +51.9 +76.7 23 0.68 DuPont DD 41.67 0 62.69 61.79 +.85 +1.4 s s s +37.4 +46.2 12 1.80 0 s s s Education Realty Tr EDR 8.30 2 11.77 8.80 +.04 +0.5 s t t -17.3 -8.9 cc 0.44 Smith & Nephew PLC SNN 50.74 65.63 65.22 +.27 +0.4 +17.7 +27.1 82 1.33e FedEx Corp FDX 85.15 0 136.98 136.44 +1.15 +0.9 s s s +48.8 +50.2 27 0.60 Smucker, JM SJM 81.60 9 114.72 108.93 +1.00 +0.9 s s s +26.3 +27.1 21 2.32 6 t t s Fst Horizon Natl FHN 9.05 12.75 11.26 +.07 +0.6 +13.6 +23.9 cc 0.20 Suntrust Bks STI 25.30 0 36.29 35.95 +.52 +1.5 s s s +26.8 +36.5 14 0.40 Freds Inc FRED 12.30 7 17.71 15.96 -.06 -0.4 t t s +19.9 +25.2 21 0.24a Synovus Fincl SNV 2.07 9 3.52 3.34 +.02 +0.6 t t s +36.3 +50.7 dd 0.04 GTx Inc GTXI 1.31 1 7.24 1.51 +.03 +2.0 t t t -64.0 -60.9 dd ... Sysco Corp SYY 29.75 7 36.05 33.57 +.17 +0.5 s s s +7.0 +15.2 20 1.12 Ingram Micro IM 15.17 0 24.28 23.95 -.05 -0.2 s s s +41.5 +53.1 12 ... 0 t s s Intl Paper IP 32.95 7 50.33 45.10 +.55 +1.2 s t s +13.2 +33.3 17 1.40f Trustmark TRMK 20.76 27.98 27.62 +.16 +0.6 +23.0 +31.7 16 0.92 Isle Capri Casino ISLE 4.75 7 8.79 7.49 -.17 -2.2 t t t +33.8 +42.6 dd ... Tyson Foods TSN 16.55 8 32.40 28.63 +.10 +0.4 s t s +47.6 +68.5 14 0.20 7 s s s Kellogg Co K 53.24 67.98 63.30 +.83 +1.3 +13.3 +19.4 24 1.84 UPS class B UPS 69.56 0 101.06 100.97 +.55 +0.5 s s s +36.9 +44.0 66 2.48 Kirklands Inc KIRK 8.26 8 21.74 18.32 -.54 -2.9 s s t +73.0 +103.2 21 ... Utd Technologies UTX 74.44 0 112.46 108.69 +1.23 +1.1 s s s +32.5 +43.1 16 2.36f Kroger Co KR 24.19 0 43.85 42.68 +.55 +1.3 s s s +64.0 +72.6 14 0.66f Valero Energy VLO 28.56 7 48.97 42.84 +1.60 +3.9 s s s +25.6 +57.5 15 0.90 LifePoint Hosp LPNT 34.72 0 53.87 52.44 +1.51 +3.0 s s s +38.9 +41.0 19 ... 1 t t t Macy’s Inc M 36.30 0 50.95 50.68 ...... s s s +29.9 +32.0 14 1.00 Verso Paper Corp VRS 0.60 1.68 .67 -.04 -5.4 -37.4 -45.5 dd ... Medtronic Inc MDT 40.28 0 58.82 58.84 +.65 +1.1 s s s +43.4 +43.5 16 1.12 Wright Medical Grp WMGI 18.89 0 28.73 27.89 +.01 ... s s s +32.9 +38.0 dd ...

Dividend Footnotes: a - Extra dividends were paid, but are not included. b - Annual rate plus stock. c - Liquidating dividend. e - Amount declared or paid in last 12 months. f - Current annual rate, which was increased by most recent dividend announcement. i - Sum of dividends paid after stock split, no regular rate. j - Sum of dividends paid this year. Most recent dividend was omitted or deferred. k - Declared or paid this year, a cumulative issue with dividends in arrears. m - Current annual rate, which was decreased by most recent dividend announcement. p - Initial dividend, annual rate not known, yield not shown. r - Declared or paid in preceding 12 months plus stock dividend. t - Paid in stock, approximate cash value on ex-distribution date. PE Footnotes: q - Stock is a closed-end fund - no P/E ratio shown. cc - P/E exceeds 99. dd - Loss in last 12 months. 10 November 15-21, 2013 www.thememphisnews.com

Real Estate & Development Community Shelby County Suburban Prospects Homebuilding Germantown’s amenities help shape community's future Slows in October

Amos Maki [email protected]

helby County homebuilding activity cooled in October, with builders filing fewer per- S mits and selling fewer new homes com- pared to October 2012. Homebuilders pulled 54 permits in Octo- ber, down 38.6 percent from 88 permits filed in October 2012, according to real estate information company Chandler Reports, www.chandlerre- ports.com. The average permit in October measured 3,310 square feet and $280,627, compared to 3,369 square feet and $248,288 in October 2012. The 54 permits pulled in October was up 5.5 percent from 51 permits in September. The Sep- tember permits averaged 3,465 square feet and $270,425. Year to date, builders have filed 745 permits, Germantown Commissary manager Lori Pickard helps customer Charles Smith with an order. (Memphis News/Andrew J. Breig) which is down 5.7 percent from 790 for the same 10-month period in 2012. Don Caylor, president of the West Tennessee Home Builders Association, said building activity typically slows after school begins but that build- ers are being cautious about supply because of Andy Meek graphics and related features – its of appraised value on which taxes are a dwindling number of available lots and uncer- [email protected] cost of living, amenities and statistics paid – stood at a little more than $1.4 tainty over the economy. relating to crime, education and em- billion for 2013, down from a little “I think if you take all of that and mix it in a alker Taylor’s business ployment – recently earned it a place more than $1.5 billion in 2009. bag, that’s why we’re crawling along,” Caylor said. philosophy is a simple on a list of “America’s Best Suburbs.” The previous countywide property “We’ve seen an increase in rates, uncertainty over W one, and it’s helping keep Meanwhile, headwinds include a tax reappraisal occurred in 2009. the economy and our government, and we have a his Germantown-based restaurant a base that’s contracted in recent years, “Reappraisals are based on market limited number of lots, and that certainly plays a must-visit for diners from around the the town being at its borders under activity in the years prior to the reap- part in how many homes are being built. world. its annexation plan, sales tax receipts praisal date of Jan. 1,” said Patrick “It doesn’t surprise me. Everybody has had a “Put out a good product at a fair lower in the recent past and the future Lafferty, chief administrative officer pretty good year, and I don’t think anybody’s try- price, and treat your customers spe- of the city’s schools. for Shelby County Assessor Cheyenne ing to push the envelope.” cial,” said Taylor, who in 1981 bought Big developments are on the way. Johnson. “Germantown's certified Homebuilders didn’t sell as many homes in the Germantown Commissary, which The city’s planning commission in rolls are nearly 80 percent residential, October as they did during the same month a year today has a growing Web presence and December, for example, is set to vote and I would point to the downturn in ago. is preparing to dish out hundreds of on plans for a new Whole Foods Mar- the local housing market as a major Builders sold 52 new homes in October, down hams and turkeys for the Thanksgiving ket, which would be the second store factor in the percentage decline in 38.1 percent from 84 new homes sold in Octo- rush. in the Memphis area. The proposed (Germantown’s) certified rolls from ber 2012 and down 13.3 percent from 60 sold in “I tell people all the time – you’re 41,000-square-foot store, which would 2009 to 2013.” September. The average sales price of homes sold only as good as the last barbecue you employ 100 to 150 people, is being Germantown has no annexation by builders was $259,127, up 2.3 percent from served.” developed by Cypress Realty Holdings reserve area left to take in. So if a locale $253,182 in October 2012. The eatery, which was run as a in conjunction with Ford Jarratt Realty like Germantown runs out of land to Regency Homebuilders LLC was the top small country store for nearly a cen- & Development Co. tap where new houses can be put, that builder as tracked by permits in October, with tury before its current incarnation, has A “Bring Whole Foods to German- makes other taxes besides the prop- 14 averaging 2,850 square feet and $218,364. some employees who’ve stuck around town” Facebook page at week’s end erty tax even more important sources Regency was followed by Kevin Hyneman (four; for three decades. The restaurant also had picked up nearly 1,300 “likes.” of revenue than they might have been 3,281; $115,375) and Grant Homes (three; 2,739; is a distinctive feature of Germantown, At the end of October, the Movoto before. $789,505). Regency Homebuilders led the way in to which it draws traffic from beyond real estate blog – part of San Mateo, And unfortunately for German- sales, with 12 averaging $248,301. Charles Morgan the town – all over the world, really, Calif.-based online real estate broker- town, Mayor Sharon Goldsworthy esti- of Vintage Homes sold eight homes averaging including far-flung places like Califor- age Movoto – released a study rank- mates there’s been a drop of 4 percent $148,919, and Karen Garner of Magnolia Homes nia and China. ing the country’s top suburbs based in the amount of general fund revenue sold four homes averaging $403,852. It’s Germantown, Taylor said, on criteria that include cost of living, Germantown gets from the local op- The Walker Farms subdivision in the 38002 ZIP which is an ideal home for his busi- education and amenities. tions sales tax over past years. code saw the most activity in October, with four ness. Movoto put Germantown in that That drop is despite mounting ag- permits averaging 2,342 square feet and $189,276. “The government here has become list of the country’s top 10 suburbs – gressive “Buy Germantown” and shop The Enclave was second, with three permits pretty pro-business over the last 10 along with Cupertino, Calif., the home local campaigns. averaging 5,464 square feet and $397,089. The to 15 years,” he said. “We have great of tech giant Apple. New development, bringing in Ashton Station subdivision also saw three permits, police and fire – those are important Meanwhile, Germantown lost business and new customers generat- averaging 2,713 square feet. when you have a business. The overall almost 7 percent of the value of its tax ing sales tax revenue, can help. But The 38002 ZIP code (Arlington/Lakeland) led management of the city, in my opin- base this year as a result of the 2013 other potential headwinds – relating the way in permits, with 20 averaging 3,231 square ion, is excellent.” countywide property reappraisal. The to schools, for example – are still ques- feet and $347,056. Collierville’s 38017 had six per- The town arguably needs elements assessed value on the town’s tax rolls mits, averaging 3,714 square feet and $322,333. like Taylor’s business especially now, – assessed value being the percentage germantown continued on P27 given that Germantown is at some- Chandler Reports is a division of The Daily thing of an inflection point. For more local and national news, visit www.memphisdailynews.com News Publishing Co. On one hand, the town’s demo- www.thememphisnews.com November 15-21, 2013 11

Real Estate & Development Community Tax Dead Dilemma New Parking Vacant properties causing headaches thanks to owed taxes Meters Make Debut

Bill Dries [email protected]

Bill Dries rent situation,” said City Council member Lee Harris. “We [email protected] have got to figure out some way to do something about After that.” years of talk- Harris is cosponsor of a still-developing pilot program ing about he brick church at 299 Chelsea Ave. in North Mem- with council member Jim Strickland on the city side. new parking phis shows up in records at the Shelby County Asses- It involves the city and county waiving, with conditions, meters and T sor’s office as “vacant land.” what is owed in taxes and penalties, if the property is trans- more aggres- The technical status of the church, which dates back to ferred to a community development corporation or a similar sive enforce- the 19th century, is just the first indication that the property entity for redevelopment over a specific period of time. The ment of the is not what it seems to be on several fronts. time period is one of many details being negotiated by lead- Downtown (Memphis News/Andrew J. Breig) Owned by Centennial Baptist Church and Institute Inc., ers in both governments. and Medi- City Engineer John Cameron demonstrates parking meters. the property is appraised for tax purposes at $3,000 but it Shelby County Commissioner Steve Mulroy is the com- cal Center is among approximately 1,400 properties in Shelby County mission sponsor and the county action is where the detail on-street parking governed by the meters, city considered “tax dead.” work is currently underway. leaders thought it best to bring out the new me- Buying the property would involve paying estimated “The city is going to have to make a decision to waive ters as proof that the change is actually about to property taxes and city negligence fees that total nearly those fees in addition to the prospective city property tax happen. a quarter of a million dollars – $248,672.51 according to liability and county tax liability,” Mulroy said. “The law cur- So city engineer John Cameron stood re- estimates provided by County Trustee David Lenoir earlier rently does not allow us to forgive that. The whole point of cently flanked by one of the new single-parking this year. All but $902 of that is negligence fees for city code this … is to deal with that problem by basically providing a space meters that city crews begin installing violations and cutting the grass. grant to a (community development corporation), which this week and one of the kiosks to be installed “That property will never be developed under the cur- would then give that money to the county and then the tax and operational by the first week of December bill would be paid.” that motorists will use to pay for multiple park- Lenoir estimates there are 1,300 “tax dead” properties ing spaces. that could qualify for the “blight abatement program.” “We had to order new parking meters any- Harris and Mulroy say putting the “tax dead” properties way,” Cameron began as he explained in detail on the block at a tax sale is a process that takes too long. how the new meters work and the old ones no “We’re trying to provide an alternative to tax sales. The longer do to Memphis City Council members tax sale process sometimes takes too long,” Mulroy said. and then again at a press conference in the “This would be an alternative to that where we could avoid lobby of City Hall. the tax sale option.” The $1.6 million project is a five-year lease- Lenoir, whose office recently reached an agreement with purchase agreement between the city and the the city of Memphis to collect city property taxes as well as Parkeon and IPS companies who will manage county property taxes, isn’t so sure the tax sales the way his and maintain the technology for the city. office has been conducting them recently for the county The 485 single-space parking meters started would be too slow. becoming operational last week as they are “The thought is it could happen much quicker than a tax installed by city crews. There also will be 135 sale. If everything lines up, that may be true,” he said of the multiple-space kiosks installed. emerging proposal. “But I still have a lot of questions as far Both types of meters are battery powered

(Memphis News/Andrew J. Breig) as due process and proper notification, liability as it relates and the batteries are recharged from solar 299 Chelsea Ave. to if an interested party comes back and says I didn’t get panels on them that will affect how they are permission to donate this property.” positioned.

savers are extremely or very confident confident that they are saving the right Are You Ready to Retire? that they are saving the right amount. amount, one-third have not attempted What is hidden within these numbers such a calculation. is the difference – if there is one – be- These issues are by no means the With an estimated 10 percent of the and Independent Sector is a nonprofit, tween those who work for large non- sole concern of nonprofits. But, they workforce employed in the nonprofit sec- nonpartisan network of approximately profits such as hospitals, colleges and may be something for us to discuss lo- tor, retirement benefits can be a factor 600 nonprofits, foundations and corpo- universities, and those who work for small cally. The Assisi Foundation has created that impacts individual employees as well rate philanthropy programs. to mid-size nonprofits. Could it be that a survey to get a better understanding as the nonprofits they work for. Key findings of the study included these employees may find that they won’t of how many nonprofits in our com- For example, do older employees the following: 45 percent of nonprofit have enough to fund their retirement, and munity offer retirement benefits, par- delay retirement because they don’t employees are not confident about their may in time have to depend on nonprofits ticularly small to mid-size nonprofits. have enough money to fund their retire- ability to retire from their employment; al- for assistance? You can participate in this confidential ment? Does this impact the ability of a most one-half of nonprofit employees are Related to this, here are a few more survey at https://www.surveymonkey. nonprofit to promote talent from within, not satisfied with their ability to prepare findings: One-third of sector employees com/s/5SP89QJ. Take a moment to or to attract new talent from outside the financially for retirement; and more than have received retirement plan- complete and be part of this community organization? Do younger and mid-career 40 percent do not feel that they are accu- ning advice within the past conversation. employees evaluate employment oppor- mulating sufficient financial resources to three years; two-thirds tunities based on retirement benefits? ensure their long-term financial security. have not tried to deter- Earlier this year the TIAA-CREF Over three-quarters reported access Mel and Pearl Shaw mine how much money Institute and Independent Sector issued to an employer-sponsored retirement are the authors of they will need to a report on a joint study they conducted plan or plans; almost one-third have ac- “Prerequisites for Fun- accumulate so that on retirement and the nonprofit sector, a cess to a defined benefit pension plan, draising Success.” They they can live com- topic of interest to both. The TIAA-CREF and more than two-thirds to a defined position nonprofits for fortably in retire- Institute helps advance the ways indi- contribution plan, such as a 403(b) plan. fundraising success. ment; and among viduals and institutions plan for financial While 76 percent are currently saving for Visit them at www. savers who are MEL & Pearl shaw security and organizational effectiveness, retirement, less than 20 percent of these FUNdraising Good Times saadandshaw.com. 12 November 15-21, 2013 www.thememphisnews.com

sports

Sports Analysis Looking for Last Season’s Grizz To Make Appearance … Now

Memphis head coach Dave Joerger says teams in the NBA no longer fear the Grizzlies. After falling to 3-5 on the young season, the team is hoping a West Coast road swing will help them work out the kinks and return to last season's form. It starts with a Nov. 15 game in Los Angeles against the Lakers.

repeatedly said the game was simple: play harder and better than the other team and then you have a chance to win that night’s game. He said it so much that it sounded like a broken record. But that broken record seemed to resonate inside the locker room. Controlling owner Robert Pera and team CEO Jason Levien ultimately decided for the team to become better still, change Grizzlies Coach Dave Joerger (Chris Keane) was needed. They let Hollins walk and promoted Joerger from assistant to head coach. Beyond-obvious question: Is Don Wade range (8-of-15) and attempted 39 11 times. This season, they have gressive teams in the league.” the change in coaches the expla- Special to The Memphis News free throws to 17 for the Grizzlies. surrendered 100 or more four A haymaker? These Grizzlies nation for what ails this team? In sum, the Grizzlies were times in the first eight games. are more like shadow boxers. “I don’t think it’s that simple,” he Grizzlies are going out defenseless all over the floor. This is not a downward trend; In the tough old days (not Gasol said. on a four-game road trip Conley, by the way, scored 29 this is falling off a cliff. so long ago), they led the NBA Certainly, players bear T that starts with a Friday, points and made many drives “Without question, people in forced turnovers. They lived responsibility here. But all of it? Nov. 15, game in Los Angeles through the lane and to the rim do not fear us anymore,” first- off their defense and pounded Most of it? Or some of it? That’s a against the Lakers. Maybe a while also knocking down four year coach Dave Joerger said, the ball inside with center Marc question that’s going to rage on change of scenery will do them 3-pointers. Problem was, for referencing the team’s trip to the Gasol and power forward Zach sports talk radio, Twitter and in good. After a 3-5 start to the much of the night, it felt like he Western Conference Finals last Randolph. offices until the Grizzlies of last season that feels even worse than was on the court with four empty season. “We’re not playing hard Now, Joerger is saying things season start participating in this the record, a change of scenery is uniforms. enough.” like, “I’m tired of playing from season. as good an idea as any. Not surprisingly, fans booed. It is both a truth and an in- behind. I’m really, really tired of “Nobody can change what’s “It could be that going out It’s becoming a rather common dictment. But strangely enough, it.” And also, “Opponents scor- happening,” Conley said with his west, leaving Memphis for a little sound at the arena formerly opponents still speak of the Griz- ing easy layups is really disheart- most serious look, “except the bit and all the hoopla (will help),” known as The Grindhouse. zlies with some reverence. They ening. It’s a broken record. We players in this locker room.” point guard Mike Conley said. “We’ve got to hold our hat always say something like what have been talking about it and If the Grizzlies can manage to “Guys will go out to eat, hang on the defensive end and until Raptors coach Dwane Casey said talking about it.” go 2-2 on this road trip they set out, put our heads together and we do fans are gonna be booing, after the game when asked about So coach and players agree themselves up to get well with get things right.” fans are gonna be walking out a little Memphis run that tied the they have problems that need eight of the next nine games at Conley said that standing at (early), and we’re gonna keep score 70-70 with 3:33 left in the fixing, but there does not seem to home. his locker in FedExForum after a losing games like this,” said Tony third before Toronto regained be any energy or fire for creating Of course, they just lost two 103-87 loss to the Toronto Rap- Allen, who is a Grindfather in control and led 78-71 going into change that lasts beyond a few of their last three at home. To the tors on Wednesday, Nov. 13, as search of his grindchildren. the fourth quarter. possessions. Pelicans and the Raptors, who Rudy Gay scored 23 points on his Consider this disturbing stat: “We knew they were going to Lionel Hollins, the guy who aren’t going to be confused with old team. The Raptors shot very Last season, the Grizzlies allowed throw a haymaker at us,” Casey was coach for that trip to the the Spurs and the Heat any- well: 53.3 percent from 3-point 100 or more points in a game just said. “They’re one of the most ag- Western Conference Finals, time soon. www.thememphisnews.com November 15-21, 2013 13

sports

Yepremian is for real; that’s a tough les- World Series titles. And all the domi- son for a kid all at once. nance in the NBA? Let’s be honest, it is Dear Nick So, Saint Nick – seems only right I tied to players named Michael, Kobe and address you that way now – I come at LeBron. No disrespect to the Zen Master An open letter to America’s Best sports from a very negative place. Yes, or that young whippersnapper Erik, but Coach … I’ve got the University of Memphis bas- it’s way different than college basketball THE PRESS BOX Dear Nick, DON WADE ketball coach, nice young fellow named where the best player each year receives Please forgive me. I doubted. Just Josh, trying to teach me differently. He the Wooden Award. for a moment. I said in private conversa- Anyway, Coach, let me try to explain tells me, his players, and everyone else, I know. Everything I have told you can tions and – I can’t believe I did this – on why I got all twisted in my mind and to listen to the “positive dog” and ignore be filed under one heading: “Excuses.” the radio that LSU had a chance. spoke that blasphemy. I’ve been a the “negative dog.” You don’t do excuses and you don’t I’m sorry, I’m sorry, I’m sorry. And sports fan all my life. Grew up in Kansas I’m trying. allow your assistant coaches or players, no, it’s not a coincidence I said it three City. Celebrated the Chiefs’ victory in Then there’s the pro basketball or even the fans – thou shalt not leave straight times. Super Bowl IV, back when the whole coach in town. Nice young fellow named home games early – to make excuses, See, even though I knew better, I had Roman Numerals thing was quaint. I’ve Dave. He’s having a tough time of it in either. that moment when I thought everything been waiting for the second Super Bowl his first season. Hasn’t quite mastered So I’m turning over a new leaf. From I had learned about sports and coaches victory ever since. “The Process.” Can’t seem to tap into this day forward I will write about sports and players and human nature applied I love the job Andy’s doing in Kansas the intangibles yet, to get his team play- as though I’m writing for you, Coach. I to you. City this year and the Chiefs and their ing hard every night, much less every will treat every story, every paragraph, But you are one-of-a-kind. That’s 9-0 record are a happy surprise. But possession. But then he hasn’t been to every sentence and every word as why you were the subject of a recent I’m also sitting around waiting for the visit and observe you at work, as far as though it has a life of its own. story on “60 Minutes.” They realized they other cleat to drop. Because I’ve been I know. That other guy, Lionel, he did Put up a big Merriam-Webster Dic- had better come examine this species conditioned for disappointment. Many come see you a couple of years ago and tionary made of brick and, by gawd, I’ll before it became extinct. bad seasons and long ago that goofy- sat in on meetings, practices, everything. run through it. Pretty amazing that you have your looking Miami Dolphins kicker Garo But it’s not just what I lived with own statue right outside Bryant-Denny Yepremian kicked a game-winning field in Kansas City or experience here in Don Wade’s column appears weekly Stadium and you’re still coaching. It goal to beat my Chiefs in the longest Memphis. Look at baseball. The Yankees in The Daily News and The Memphis won’t ever be taken down – unless game (a playoff game) in NFL history. On aren’t exactly the Yankees anymore. It News. Listen to Wade on “Middays with someone decides that the statue needs Christmas Day! has been more than a decade since that Greg & Eli” every Tuesday at noon on to be bigger. That could happen, too. Santa Claus is a fake and Garo fellow Joe led them to three straight Sports 56 AM and 87.7 FM.

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LEAD LOCAL Memphis institutions staying close to home for top executive searches

Bill Dries and Andy Meek The Memphis News

he T-shirt is plain and moving toward what might be called a and a former board chairman of First The chamber’s 2014 board chairman black with a simple logo “Lead Local” preference based on some Horizon National Corp., is among the – to be announced this month – and that reads “Eat Local,” recent changes in leadership of some of university backers and supporters who the board’s executive committee will and if you see someone the city’s most important institutions. want Martin to become the permanent detail the process of choosing Moore’s wearing it, the chances The trend is specifically homegrown president of the university. successor. are pretty good they interim leaders who become the per- “I hope he isn’t too committed to How those groups choose to fill work at a locally owned restaurant. manent leaders during critical bursts of the interim title,” Rose said recently their top leadership spots will add fresh In recent years there has been a intense change for those institutions. in introducing Martin at the Memphis examples to a trend that touches on a “Buy Local” campaign among some The latest evidence is Brad Mar- Rotary Club. long-running local debate, one that re- business leaders that’s been hard to tin’s interim tenure as president of the The Greater Memphis Chamber news itself when such a position comes miss. Less conspicuous but still easy University of Memphis, the city’s largest is preparing to conduct a search of its open and someone suggests a “national to find is evidence of perhaps a more institution of higher education. Mike own to replace outgoing president John search” to find a replacement. influential trend – how the city is Rose, the former head of Promus Cos. Moore, who’s leaving effective Jan. 3. On one side is the idea that a leader

coming from outside Memphis solved long ago. nonprofit. “The circumstance of period of time, one in which portunity that prompted Dorsey is going to have a learning curve Somewhere in the middle is the organization and then the intense change can be pushed Hopson to take on the job of first and may not stay long enough a discussion about the specific circumstance of the organiza- through more successfully by a superintendent of the con- to ever really figure out what position that is open. tion’s own landscape. Occasion- leader who isn’t concerned about solidated Shelby County Schools it takes to succeed here. A few And close by is the discussion ally the short-term needs are getting a reappointment or con- system earlier this year. steps further out is the notion about the definition of local lead- different from the long-term tract renewal than over a much “I think that the best thing that a leader from the outside ership. Is it someone who is a needs.” longer period of time. about not wanting to be super- conveys the idea we cannot con- longtime or native Memphian? Is Coffee added that sometimes “Trust me,” he told the Rotar- intendent … is the objectivity trol our own destiny or that our it someone who recently moved interim leaders have the “leader- ians. “There is a big opportunity just to make the decisions based leadership doesn’t trust a seat in or returned to Memphis for a ship chops” to be excellent long- for reallocation of the existing on what I think is right,” Hopson their club to someone who is a reason other than the leadership term leaders as well. resources we have, based upon said in March. “I do know school Memphian. position at stake? How recent Martin hasn’t commented what we’ve got to get done.” operations and I do know how The other side is the idea that is too recent to understand on the sentiment from Rose and Martin has also set a goal of to maneuver issues associated Memphis needs new leader- the city? others that he should seek the raising $40 million in a capital with schools. We’re all in. I take it ship from other places to find “It does depend on the cir- presidency on a long-term basis. campaign for the development seriously.” its way past long-standing cumstance,” said Nancy Coffee, But he has followed a familiar of the university’s Park Avenue The school board voted to chronic problems and challenges CEO of New Memphis Institute, pattern in painting the one-year campus. hold a national search in 2012 that other cities have met and the leadership development interim timeframe as a short It is exactly that kind of op- and even hired a search firm, www.thememphisnews.com November 15-21, 2013 15

but the search never got off the ground as around the table, particularly when it Morris’ relationships with Memphis tendent in the 1990s he didn’t make any events in the schools merger away from comes to community leadership.” stakeholders and decision makers put him recommendation on a successor from the choice began to accelerate. But Coffee doesn’t think the learning over the top. the tier of veteran deputy and assistant Kriner Cash resigned as superinten- curve for knowing Memphis well enough Likewise, Shelby County Mayor Mark superintendents that had served for de- dent of Memphis City Schools at the start to navigate a culture that can be decep- Luttrell and Memphis Mayor A C Wharton cades with him. Years later, Herenton said of 2013. John Aitken, his counterpart tively simply on the surface is as steep as it Jr. in 2011 personally interviewed the top his judgment was, “None of them were at Shelby County Schools, followed in is in other cities or as some native or long- five candidates out of a pool of about 150 number ones.” March. And in each case, the board chose time Memphians might imagine it is. people who threw their name into the hat As mayor, Herenton advocated na- Hopson, as the interim replacement. “That’s because Memphis is in many to head up the local Economic Develop- tional searches for Memphis police direc- The decisions the school system had ways a small community,” Coffee said. ment Growth Engine agency. tor several times but always went with to make in a matter of months for the start “There is such incredible access to our of the first school year of the merger guar- city’s thought leaders, to our city’s political anteed Hopson could not be a caretaker leaders and to our city’s business leaders. of the job. He had to make recommenda- They are really willing to mentor … those tions to the school board that were crucial who are raising their hands and wanting to the merger and would be controversial to get involved.” Memphis organizations are trending toward a Lead no matter what his decision was. The issue of local, or homegrown, and Local movement, an effort to hire more local leaders of But as Hopson cleared his slate of non-local is so important that New Mem- those decisions in short order, he quickly phis Institute’s Fellows classes of leaders, companies and institutions. The trend is specifically began to realize he was making deci- who are an average of 34 years of age, is homegrown interim leaders who become permanent. sions for future school years. The interim a mandatory half-and-half mix of locals superintendent became the permanent with non-locals. superintendent with a three-year con- “We believe the two perspectives are tract – quickly and with little debate by so crucial when it comes to community the board. change,” Coffee said. Martin and Hopson are Memphis The question of local and non-local Chosen for that job was Reid Dul- whoever the interim director was. natives and graduates of the education is becoming one of several factors in berger, a veteran economic development The Memphis Police Department has institutions they oversee. Neither is an who emerges to lead at critical junctures official in local circles. been led by an appointed police direc- educator. And the careers of each have around the city. Toward the end of his tenure as Mem- tor from the ranks of the Memphis Police taken them other places and required that The Downtown Memphis Commis- phis mayor, Willie Herenton, a frequent Department since Buddy Chapman left as they operate outside their hometown. sion board of directors in 2010 decided advocate of national searches throughout the last civilian director, one of only two, “We know that the dividing line be- local was best when it came time to fill his 18 years as mayor for various vacan- in the early 1980s. Chapman is a Mem- tween a native Memphian and someone that agency’s job of president and CEO. cies at City Hall, said the position of phian. His predecessor, Jay Hubbard, the from out of town is fuzzy,” Coffee said of An executive search committee actually Memphis City Schools superintendent first police director and the only other the definition of “local.” “It’s really about recommended an outsider – an economic not only required a man but a man who civilian to hold the post, was not. the skills and the passion and determina- development official from Florida – for was from Memphis – not an outsider but Toney Armstrong, who was ap- tion that each individual brings. We do the job, but it was Paul Morris, a Memphis also not necessarily someone from inside pointed police director by Wharton, is the believe it’s very important to have a mix attorney whose family has long and deep the school system. youngest police director to come from of native and non-native perspectives ties to the city, who got the nod. Yet, when Herenton left as superin- the ranks.

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special coverage

emphasis: Financial Services Community Impact Banks, financial institutions sponsor and help fund civic efforts throughout community

Andy Meek [email protected]

tendees on the opening night of paying up to attach their names to events, name was attached for the first time to a major competitor in its conference. the Indie Memphis Film Festival arts endeavors and community initia- the Cooper-Young Festival. The bank The bank in the past has also under- a few weeks ago saw splashed tives, partly out of a desire to show that committed to a three-year deal to serve as taken other initiatives, such as collections on movie screens, before their banking is about more than what goes on the first-ever title sponsor of the festival, from employees for the needy and relief features got underway, the logo of in an office or a bank branch. the largest single-day event in Memphis drives. Memphis-based investment firm The transactions may take place hosted each year by the Cooper-Young “We look around in the communities ADuncan-Williams Inc. and its two-word there, but that business’ brand and image Business Association. we serve and try to identify those things motto of “Do Well.” extend beyond those four walls, out into Evolve also is a supporter of 30 Days we can do to help the community,” Staf- That phrase, firm president Duncan the community. of Opera, a festival of free, short opera ford said. “And also identify those things Williams is fond of telling audiences, “We tell people when we hire them – performances and related events that take that could help customers. When we talk perfectly encapsulates his company’s this is a company that’s involved in the place at neighborhood festivals, parks, to organizations, we want to meet with philosophy toward its charitable and civic community,” said Scott Stafford, presi- and other public venues throughout the management team, Find out how efforts. “If Memphis does well, Duncan- dent and CEO of Evolve Bank & Trust. Shelby County. committed they are and see what their vi- Williams does well,” is how Williams often “From the time when Evolve was just an Also this year, Evolve announced its sion is. And we’re always keeping our eye puts it. idea on a napkin, we said then that once sponsorship of the University of Memphis open to opportunities.” It’s not just his firm, of course, pursu- we had success, we’d want to make sure to women’s basketball program, committing Also keeping its eye open to such op- ing that strategy. All manner of banks and give something back.” to a three-year sponsorship with funds to portunities is Orion Federal Credit Union. financial services firms in Memphis are To that end, in September, Evolve’s help the program grow and the team to be Orion’s name includes a reference to a

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special coverage

Banks and financial services firms in Memphis are paying up to attach their names to community events.

Williams made a contribution First Tennessee Bank’s to the Germantown Performing civic efforts include a charitable Arts Centre that includes nam- foundation, which has donated ing rights for the main space tens of millions of dollars to at GPAC that encompasses the meet community needs since venue’s main stage area. the foundation’s establishment Williams was on hand for in 1993. the announcement at GPAC Also in recent months, of the sponsorship, along with Memphis-based Southeastern his mother and firm co-chair Asset Management announced Carolyn. it’s taken a lead role in support- “Anytime we look at sponsor- ing the efforts of a new group ing something we ask, ‘Is this in Memphis for aspiring music something we believe in and is it industry talent, The Consortium something that’s going to make MMT. Southeastern’s support, this community better?’” Wil- coupled with additional sup- liams said, before explaining his port the consortium is hoping to firm’s wide-ranging investments receive, is set to help launch an in things like Indie Memphis and outdoor soul music festival, the (Memphis News/Andrew J. Breig) the Live at the Garden Concert consortium announced in recent Evolve Bank & Trust's name was attached to the annual Cooper-Young Festival beginning this year. The bank committed to a three-year deal to serve as the first-ever title sponsor of the festival. series. “This was an easy sell.” months, with more details to There are plenty of other come later. local examples of firms doing The consortium, founded by constellation, so it’s probably nual fundraiser. promote the park. The festival the same thing. Like Raymond award-winning songwriter David fitting the credit union recently Orion Starry Nights will run of lights has been a Memphis James Financial Inc., which this Porter, is housed on the second signed on to be the title sponsor from Nov. 29 through Dec. 27. tradition since MIFA first imple- year announced its status as the floor of the Downtown Falls of Starry Nights, Shelby Farms Proceeds will benefit the conser- mented the event in 1994. first presenting sponsor of the Building, in the offices of the Park Conservancy’s biggest an- vancy’s efforts to preserve and Earlier this year, Duncan- RiverArtsFest. Greater Memphis Chamber.

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emphasis: Financial Services Howell Handles Tax Burdens For Small Businesses

accounting and consulting providers in medical career with sights set on pharma- of female executives across the automotive Memphis. Howell is a certified public cy school, but a single class in accounting industry working to bring more women accountant and a specialist in sales tax was enough to switch her from a life as pill into STEM fields, which feed into that compliance and personal property tax. counter to one as bean counter. industry. Things are about to get a whole lot Ole Miss has a “fabulous accounting “We raise scholarships for 12 states busier for Howell if the Marketplace Fair- school,” she said. trying to encourage women to go into ness Act, already passed in the U.S. Senate, “Actually, one of my accounting profes- automotive careers,” Howell said. is approved by the House of Representa- sors was a fraternity brother of my dad, so When she moved back to Memphis in tives. The act, sometimes referred to as the it just kind of all fell together,” she said. 2000, it was also a move back to public ac- “Internet tax bill,” will require online and She was recruited from campus to counting with Thompson Dunavant PLC, catalog retailers to collect sales tax from work with Price WaterhouseCoopers LLP acquired by CBIZ in 2011. consumers regardless of where they are, in their audit division, and moved to “I’d been out of the Memphis market provided the company has sales of more Memphis upon graduation. With a move for a while and just kind of wanted to learn than $1 million. to Bowling Green, Ky., nearly a year later, about a lot of different companies before I Simply put, under the current law, a she found work in-house at the Fruit of the chose to work for a corporation,” she said. supplier in Memphis shipping its product Loom corporate headquarters, in its tax “I thought it would be a short stint with via common carrier to is not preparation division. Thompson Dunavant and that I would get required to collect sales tax from the cus- “My tax job was kind of a niche area, to corporate, but I’m still here.” HOWELL tomer. This will change with the Market- and it’s still what I do today. It’s focused She enjoys such work – the public side place Fairness Act, and that supplier will in sales tax and property tax, more of an being more “client focused” – and said she be compelled to register and collect tax indirect tax, a typical term for the indus- is more of a people person. from that customer. It’s a heady, complex try,” she said. “Those are operational taxes, “I enjoy the client relationships and Richard Alley proposition for small businesses and large so you have to understand operations to being able to help a lot of different types Special to The Memphis News corporations alike. work with it.” of companies solve their tax problems,” “That’s why people would call me,” After nearly six years, she moved over Howell said. Howell said. “Because I have a practice to Sumitomo Electric Wiring Systems She also relishes the challenge. With magine having to calculate the sales that can prepare sales tax returns for every Inc., a Tier 1 automotive supplier for the CBIZ being the only firm in Memphis with tax for your product sold across every jurisdiction in the country, we do that for likes of Honda, Toyota and Acura. There a dedicated sales tax practice and the only I state in the country. our clients. So a small business that doesn’t she worked in tax, as well as budgeting, office across CBIZ nationally with a focus Within those states, sales tax rates may have a tax department or even know forecasting and fixed assets. Though the practice like this, Howell says she will have vary from county to county, so imagine what the rates are – and especially can’t tax situations were similar, the culture was her hands full with the Marketplace Fair- figuring that in as well. Most people don’t handle filing all of those returns – it’s a big different, and Sumitomo is where Howell ness Act. have the laser-like focus to comprehend burden.” gained expertise in the automotive indus- “It’s definitely going to be a challenge such formulas. Howell grew up in nearby New Albany, try, a specialty that still serves her well. She because there’s going to be a lot of confu- This is where Anna Howell, director Miss., and, coming from a family of Rebels, sits on the membership committee for the sion and they’ll implement it quickly in of state and local tax for CBIZ Memphis attended the University of Southern Automotive Women’s Forum, a typical government fashion and people comes in. CBIZ is one of the largest tax, herself. She went with the intention of a Tennessee-focused organization made up will scramble to get the right answer.”

leased two studies that advocate reducing 500 closed .50 percent higher on the week the Fed’s unemployment threshold for in spite of higher rates. Most likely, the Keep Your Eye on the Ball policy reversal from 6.5 percent to 5.5 gains resulted from bearish bets reversing percent. Doing this would elongate the field rather than new buying. Nonetheless, Markets bounced around a bit last interest rates up and market P/E multiples timetable for easy money, thereby lower- the balance of opinion turned optimistic week due to the continued volley between down. From a P/E standpoint, good news ing interest rate expectations. Additionally, through the course of the week, pushing economic/earnings expectations and is bad news. Conversely, better-than-ex- faced with a worrisome disinflation trend, us again near all-time highs. interest rate expectations. As a market ob- pected data implies better-than-expected the European Central Bank cut interest For our loyal readers, at this point our server, you must fully grasp this dynamic corporate earnings. Therefore, from an rates to .25 percent. These two initiatives obsession with the interest rate wiggles to translate daily volatility. earnings standpoint, good news is good lowered global interest rate expectations. may bore you. We could certainly shift to When economic data comes in bet- news. The market must decide on a daily On the week, central bank activity should other variables like nifty chart patterns ter than expected, the market assumes basis which has the upper hand. have pushed rates lower. … Did they? to mix things up. However, if there is one monetary policy will tighten. This drives Last week, the Federal Reserve re- Global manufacturing activity in thing we have learned trying to harmonize October hit its highest level in 32 months. forecasts with reality over the years, it’s The new orders component rose consider- this: In every intermediate market period, ably as well, leading to acceleration in one variable trumps them all. hiring. These statistics bode well In the 1990s, it was irrational for yearend GDP releases globally. expectations; in the 2000s Here in the U.S., our major indica- it was financial engineering; tors all surprised to the upside, today its central bank policy. consistent with the global data. Looking back over the U.S. GDP grew 2.8 percent last last five years, correctly quarter, blowing away the forecasting Fed policy Has your f inancial advisor 2 percent estimate. On the David S. Waddell direction resulted in heels of the report, the 10- the worldly correctly forecasting the investor put you on the beach? year Treasury rate climbed markets direction. “Low .13 percent as the eco- short-term and long-term nomic news overpowered the central bank interest rates for an extended period will news. With rates higher on the week, stock force P/E ratios higher.” That single nar- prices should be lower. … Were they? rative alone describes the last five years. The markets judged the rate-increase Should valuations peak, or interest rates bad news as less significant than the and inflation expectations rise, the narra- economic-increase good news. The S&P tive will shift. 5 1 0 0 P O P L A R AV E , M E M P H I S , T N 3 8 1 3 7 9 0 1 . 7 6 7. 4 4 0 1 www.thememphisnews.com November 15-21, 2013 19

emphasis: Financial Services: SMALL-BUSINESS SPOTLIGHT Go Homemade This Christmas

Ray’s Take Black Friday may be getting close, when the rush of holiday shopping begins Family Roots Keep in earnest, but I’m already seeing decora- tions up. You could do yourself, your wallet and your loved ones a big favor by skipping the crowds, hassles and budget-busting Lipscomb & Pitts on Path temptations by dedicating this season to a homemade Christmas. Homemade gifts and decorations aren’t just about saving money. Richard Alley Just the fact that you aren’t in a store where Special to The Memphis News impulse buying is an ever-present risk is a big budgetary advantage. Homemade gifts ipscomb & Pitts was founded on show that you took the time and effort to Oct. 1, 1954, by Mathew Lip- make something special, personal and com- L scomb Jr. and John Pitts, both pletely unique for those you care about. veterans of World War II who had come With all the commercialization of the hol- home to become the top two sales lead- idays, it can be hard to remember that part ers in the southeast for Liberty Mutual of the reason we give gifts is to celebrate Insurance Co. our love for each other. After all, homemade “I remember both of them working means you care about someone enough to at night, working on the phones calling devote yourself to making something spe- people, I’m talking about religiously ev- cial. Less really can be more. ery night for two hours a night,” Johnny Homemade is an opportunity to build Pitts, chief manager, said of his father family memories. Everything from holiday and Lipscomb. “It was just a standard cards to tree decorations can be designed thing at our homes that both of them and created by all ages of your family work- were very disciplined in their approach. ing together. From holiday cookies to origami They were committed to this business.” cranes, there’s a world of options available. (Memphis News/Andrew J. Breig) Credibility in those days meant For example, each family member could Mat Lipscomb III and Johnny Pitts roots. contribute a new holiday ornament each “You had to have your name on the year. Even decades later, everyone will building,” said Pitts – and the partners remember the creative process they went put down roots in 1956 by building “In ’89, they came to us and said, healthy. It’s really healthy to have some- through and will probably cherish those their company’s home at 651 S. Cooper ‘We worked an arrangement where you one that thinks differently than you do, simple ornaments over the most elaborate St., just north of Central Avenue. The guys are going to start managing the but philosophically you have the same ones from any store. company,’” Pitts said. “Everything was beliefs in the way you run your busi- building was more than they needed While saving money is always great – at the time, and the unused space was real slow. From ’89 to ’92, we managed ness, the way you live your life, and all especially at this time of year – creating strategically rented to an accountant the company.” those things.” treasured memories and handcrafted family who would recommend clients to them, The new partners agreed on a philo- As a means to establishing the heirlooms for the future is invaluable. What a claims adjusting firm to handle their sophical decision of how to improve various lines of insurance offered, could be better than passing up buying the claims, and an attorney. The insurance the company, developing different and they hired Rick McKinley to open the latest fad toy or fashion and instead invest- business grew to fill the building, which particular disciplines, such as divisions benefits division, now 30 percent of the ing time showing how eventually had to be doubled in size. focused on commercial and personal business. Around the same time, Rusty you really Lipscomb & Pitts began venturing lines, and developing an employee Vollmer was hired to begin the trucking care about into the world of commercial insurance benefits division. division, a specialized area of insurance family and in the early 1960s, with the hiring of the “That was really the beginning of the and an asset in the distribution center friends first salesman and fellow veteran Jack growth of our organization,” Pitts said. that is Memphis. Other additions have with a gift Gates. In 1979, Mat Lipscomb III went They bought the company outright included Brett Cutchins, president of from your to work in the firm, followed two years from their fathers in 1992. commercial lines; Jay Harvill, senior hands later by Johnny Pitts, both hired to sell It was a 50-50 split between the men vice president; and Karla Combs, chief ray & dana Brandon commercial insurance. Nothing was giv- who had grown up together in an insur- operating officer. and rays of wisdom en to the sons. They worked in the busi- ance environment. As partners, Pitts “Those came over the period of your heart? ness beginning as teenagers in the filing said, “We both have the same compass a few years, but what you see with Dana’s Take room, and, later, each worked for other that points north, but we sometimes Even if you don’t usually engage in crafty activities, or feel that you don’t have an insurance companies along the way. take different directions, which is really lipscomb & pitts continued on P27 artistic bone in your body, there are plenty of homemade gifts and decorations you and your family can create together or in secret. The Internet is awash with thousands of ideas, from simple to the extremely complex, not to mention enough food gift ideas to fill a shelf of cookbooks. You can easily find ideas that suit your abilities, your budget and the people you want to delight. If you can’t see your family going totally homemade, try encouraging everyone to create at least one homemade gift. Doing Midtown 2000 Union Avenue that can encourage creativity and maybe 901-272-7300 even inspire the desire to learn a new house- Downtown hold skill or develop a different hobby. 50 North Front Street 901-432-7300 When you step away from the shop- ping mall and into your own imagination, East Memphis 510 South Mendenhall Road anything can happen. That puts real magic 901-888-2265 into the season. cbtcnet.com 20 November 15-21, 2013 www.thememphisnews.com

emphasis: Financial Services Banks Tweak Checking, Online Options

Michael Waddell [email protected]

physical checks. in 2012 and 2013 we continued to make “Customers continue to use Bill Pay enhancements to our checking as well as Online, debit cards and credit cards as an with other ways clients access their financ- alternative to writing a physical check or es at Regions,” May said. “We continued paying with cash,” Miller said. “In light to invest in meeting our clients where they of this trend, this year we are adding the want to be, whether it is on their iPhone or ability to print debit cards in our financial on their PC.” centers. This will allow customers to im- Regions clients are also moving more mediately have their debit card or replace toward electronic banking, using fewer a lost or stolen card with a quick visit to physical checks. one of our many locations.” “When you look at the number of Earlier this year, First Tennessee in- checks we process versus clients doing troduced new card designs in support of those same transactions electronically, we the Memphis Grizzlies and University of believe that in 2014, electronic transac- Memphis Tigers. tions will surpass the paper checks for the Miller is seeing rapid growth of online first time,” May said. and mobile banking. More than 20 percent All of Region’s checking products have of the bank’s customers now use mobile ways for clients to avoid fees, such as sign-

(Memphis News/Andrew J. Breig) banking every month, and recent improve- ing up for e-statements or using a debit Regions Bank ments to its iPhone and Android apps and card more than 10 times a month. the launch of a new iPad app have that The bank continues to make invest- number growing by roughly 10 percent ments in new technology. each month. “In the last two years we’ve installed s the two banks with the biggest ers now having a savings account. “Our free Mobile Deposit service, Deposit Smart ATMs at all of our locations customer deposit shares in Mem- To attract new customers, the bank which allows customers to deposit checks in the West Tennessee marketplace,” May A phis, First Tennessee Bank and offers a variety of promotions throughout via their smartphone, now takes nearly said. “We’ve also recently rolled out the Regions Bank must stay closely in touch the year and is currently offering $150 for 20,000 checks each month,” Miller said. ability to take a picture of your check with with their clients’ checking and online new checking account customers as well “And we’re working on new technologies to your iPhone and then make a deposit.” banking needs. as 1 percent money market savings ac- save customers time and money.” May believes the bank’s customers “As we approach our 150-year anni- counts. InformationWeek magazine recently benefit from added convenience beyond versary, we remain focused on providing “Customers are generally pleased with named First Tennessee a top tech innova- the bank’s normal business hours, allowing each customer with the best service and our current offerings, so our checking tor for the fifth year running. them to make deposits at the ATMs, which the most convenient banking experience,” account lineup remains unchanged this Regions Bank ranks second in overall then post to their accounts the same day. said David W. Miller, First Tennessee exec- year,” Miller said. “But we’re always looking market share in Memphis, behind First The bank just completed the renova- utive vice president of consumer banking. for ways to get better. We’ve focused on Tennessee. tion of its online bill-payment system. “We’ve grown market share and remain the making sure our fees are fair and easy to “In Western Tennessee, our market “Now you can do your Bill Pay on your deposit share leader in our footprint.” understand with simple new disclosures, share continues to grow,” said Regions mobile device or on your PC, and it is First Tennessee’s deposits grew 5.3 and we’re helping customers manage Bank Area President David May. “From incredibly seamless to make your bill pay- percent last year and outpaced the market, their accounts with overdraft protection June 2012 to June 2013, our amount of ments,” May said. according to recent data from the Federal services.” overall deposits went up year-over-year.” Regions also is finding that its store Deposit Insurance Corp., and its savings Technology is becoming an increas- The bank now serves about 4.5 million value cards are becoming increasingly accounts and balances continue to grow ingly important factor in how customers personal and business customers. popular. The reloadable Visa cards allow despite the difficult economic environ- choose to interact with their banks, and an “We have not made any changes to clients an entry point into checking with- ment, with roughly 40 percent of custom- industry-wide trend is for the use of fewer our checking products in 2013; however out the danger of incurring overdraft fees.

emphasis: Financial Services Mortgage Market Up 12 Percent in October

Andy Meek October 2012, according to real up a little too (from $166,685 manager and vice president October mortgage volume, for [email protected] estate information company in September to $167,329 in Anne Richards. “With rates example, was almost $1.4 mil- Chandler Reports, www.chandl- October), but the total volume still at historic lows, it's a great lion, down from a little more s the year is drawing to erreports.com. got a bigger bump, hitting more time to buy a home. With home than $2 million in October a close and the weather The number of mortgages than $124 million in October values rising again, it's also a 2012, according to Chandler A is cooling down, the made in October was 743, up from almost $117 million in great time to sell a home. The Reports. local mortgage market keeps from 729 in October 2012. September. combination of those two fac- Meanwhile, Independent heating up. During that same span, the Year to date through Oct. tors has helped generate the Bank’s mortgage volume was up Continuing a trend that’s average mortgage amount rose 31, mortgage volume in Shelby increase in purchase loans, and during the same period, rising held somewhat steady, the to $167,329 last month from County was about $1.2 billion, we are very pleased with today's to $590,406 from $263,142, while market for mortgages in Shelby $151,964 last year. up from a little more than $1 market.” Magna Bank’s volume fell to County continues to improve The same trend was evident billion during the same pe- Some of the biggest local almost $6.2 million from almost over the past year. Mortgage looking at the more recent past. riod in 2012. financial institutions always $10.2 million. volume was up 12 percent in October’s 743 mortgages marked “At Trustmark Mortgage, high on the list of monthly October, climbing to a little more a 5.4 percent increase from the we are seeing an increase in mortgage makers saw gains Chandler Reports is a divi- than $124 million last month 705 filed in September. The purchase loan activity,” said during October, while some sion of The Daily News Publish- from almost $111 million in average mortgage amount was Trustmark regional mortgage did not. First Tennessee Bank’s ing Co. Inc. www.thememphisnews.com November 15-21, 2013 21

Newsmakers Politics Sesley-Baymon Named CEO Weirich Opens Of Memphis Urban League Re-Election

Kate Simone Campaign [email protected] Shelby County District Attorney General Amy Tonja Sesley-Baymon has been appointed president Weirich opens re-election and CEO of the Memphis Urban League by its board campaign of directors. Sesley-Baymon, who has worked with the league for eight years, previously served as programs Bill Dries director for the 70-year-old organization. In her new role, [email protected] she will provide executive leadership to the league and advocate on behalf of social justice and economic issues here were lots of judges on hand as affecting Memphis. Shelby County District Attorney General T Amy Weirich opened her re-election campaign Sunday, Nov. 10. Hometown: Memphis ated me, he knew that to bless me And then there were the chili cook-off with the talent of singing would be judges at the event at the Pickering Center in Experience: Educational back- detrimental to all around me. I would Germantown. ground in organizational manage- sing nonstop! SESLEY-BAYMON The chili cook-off judged by military veter- ment/human resources; over 20 ans the day before Veterans Day was Weirich’s years experience in nonprofit man- When and how did you become way of opening what is her second campaign in agement. involved with Memphis Urban as many years. She ran in 2012 after being appointed the League? I celebrated eight years in that thought in perspective, there county’s chief prosecutor by Gov. Bill Haslam Family: Married to Randall C. Bay- the Urban League Movement this are several that come to mind. When following the resignation of Bill Gibbons, who mon. Wonderful parents, Pastor past September (2013). My journey the doctors said that I would never became state W.A. Sesley and Juawice C. Sesley to the Memphis Urban League was be able to work or live a productive commissioner of predestined. I am a recipient of the life due to a physical condition, and safety and home- Favorite quote: Actually it’s a scrip- awesome programs of the Memphis through my faith, I proved them land security. The ture that I often quote … “I am more Urban League. I represent the face of wrong. However, to answer the special election than a conqueror, and … I can do all the people we serve and empower. question … being the president and that Weirich, the things through Christ.” CEO of the Memphis Urban League; Republican nomi- What are your goals in your new being a change agent for one of nee, won easily Favorite movie: “The Shawshank position? My goal is to have a stron- WEIRICH the nation’s oldest civil rights or- over Democratic Redemption” – Morgan Freeman … I ger presence in the city of Memphis ganizations. nominee Carol love the outcome! and to bring the people back to the Chumney was for the remaining three years of league. Dating back to 1932, the If you could give one piece of ad- Gibbons’ term of office. What’s playing on your stereo Memphis Urban League has been a vice to young people, what would This time she is running for a full eight-year right now? Old school … Frankie people’s organization. Our programs it be? Be prepared for opportuni- term. Beverly and Maze! My CD changer are strong! My goal is to enhance and ties when they come, ask questions, “I think (voters) can look and see what I’ve is sprinkled with Donny Hathaway, expand programming for a greater reach out when you need help, and done since elected,” Weirich said, touting a Kirk Whalum, Paul Morton and impact of empowerment and self- stay focused. It’s important that they record that includes the formation of the Multi- smooth jazz. sufficiency. know that life happens and one does Agency Gang Unit that involves prosecutors not always get it right, but as long from her office, federal prosecutors and local What talent do you wish you had? What do you consider your great- as there is breath in your body, keep and federal law enforcement. If only I could sing! When God cre- est accomplishment? When I put trying and it will work out. Since September, the unit has been enforc- ing its first gang nuisance injunction in the Riverside neighborhood, “which by all indica- tions so far is working,” she said. “It’s not the only answer to gang activity. initiative for improving pa- Robert Bryant has been Bohannon, Caton Brooks, But it’s a huge help in that neighborhood.” tient care at Semmes Mur- named to the Lifeblood Danny Campbell, Stuart A mentoring program for children that phey Clinic. board of directors. Bryant Davidson, Dave Forell, Mi- began under Gibbons continues to be a priority has served Lifeblood in sev- chael Landrum, Tom Lan- with Weirich. Joey Edwards, director of eral roles, including blood nan, Brian Martin, Kevin She is a career prosecutor who joined the the Memphis campus of drive coordinator at Johnson McEniry, Matthew Ow- District Attorney General’s office in 1991. Webster University, has & Johnson Health Care Sys- ens, Jackson Parris, Larry “Just the transformation that I’ve seen UMSTED been chosen as a cohort in tems, where he has worked Shutzberg, Kristi Thomas the university’s 2014 Global as information technology and Alonzo Weaver. in the last couple of years, I think the role of Leadership Academy. Ed- lead since 2004. the district attorney in the community has Charles W. Umsted has been wards and 15 others will Wyatt, Tarrant & Combs’ changed. It has to,” she said. “Enforcement is promoted to director in the participate in leadership Junior Achievement of Mem- Memphis office has received a big, big part of what we do, but it’s not the Memphis office of Deloitte development opportunities phis and the Mid-South has first-tier rankings in U.S. answer to all of the problems. We have to play Tax LLP. Umsted serves in- throughout the year. appointed its board of direc- News-Best Lawyers’ 2014 a role in prevention and intervention, cut- ternational tax clients in the tors for fiscal year 2014. Of- “Best Law Firms” in commer- ting down on the number of people who are aerospace and defense in- Robert G. McEniry, chair- ficers include: Kim Cherry, cial litigation, corporate law, involved in criminal activity.” man of nexAir, has been chairwoman; Willie John- insurance law, banking and dustries. That is likely to be a theme in several races named the 2013 distin- son, vice president of devel- finance litigation, intellectual on the 2014 county ballot, which will include Andrew Ballard has joined guished alumnus of Chris- opment; Layne McGuire, property litigation, patent lit- nonpartisan races for judges. the Semmes Murphey Foun- tian Brothers High School. vice president of programs; igation, securities litigation, dation as a research assistant A 1959 CBHS graduate, Jackie Prester, secretary; personal injury litigation – Weirich isn’t the only contender in the May for the National Neurosurgi- McEniry joined nexAir in and Jeff Lewis, treasurer. defendants, product liability primaries who was also on the ballot in 2012. cal Quality Outcomes Data- 1963, becoming president Board members include Mi- litigation – defendants, real Shelby County Assessor of Property Chey- base. Ballard will help gather in 1971 and chairman/CEO chael Alpert, David Apol- estate law, trademark law, enne Johnson, a Democrat, opens her 2014 data as a quality outcomes in 1996. lonio, Ricky Brock, Morgan and trusts and estates law. re-election campaign this month. 22 November 15-21, 2013 www.thememphisnews.com

Health Care & Biotech Cormier Brings Asthma Research to UTHSC

Michael Waddell [email protected]

but the sickest infants are those with roughly two years remain- More than $2.5 million in research grant money has been transferred to the infected prior to 6 months of age. ing and a probable one-year, About 2 to 5 percent of all no-cost extension. University of Tennessee Health Science Center to fund Dr. Stephania Cormier's infants develop severe bronchi- An additional $238,580 in research into asthma, particularly its effects on infants and young children. olitis from RSV. grant funding will be used to “If we can actually modulate study how exposure to environ- the immune response in infants, mentally persistent free radicals we can prevent infants who get (EPFRs) impact adult respiratory ore than $2.5 million in exhaust, wood burning or ciga- million grant from the National severe RSV bronchiolitis from health and the development of research grant money rette smoke. Institute of Allergy and Infec- developing asthma as adults,” asthma. M has been transferred Cormier’s team will research tious Diseases, a subsidiary of Cormier said. “That’s a huge deal EPFRs are a new class of to The University of Tennessee how exposure to particulate mat- the National Institutes of Health, because there’s a huge economic pollutants identified in contami- Health Science Center following ter increases severity of influenza to research the mechanisms re- cost and burden to the patient nated soils at Superfund sites, associate professor Dr. Stephania in infants, whether it affects lung sponsible for the influence of age once they develop asthma from formed from combustion and Cormier’s move to the college and immune function, and what on asthma development to get RSV.” thermal treatment of hazardous earlier this year. role the airway epithelium plays a better understanding of infant The health care costs as- substances. Cormier will use the funds to in immune response. immunity so ultimately pediatric sociated with RSV infections are Since joining UTHSC, complete further research into “We’re studying whether or vaccines can be developed. between $365 million and $600 Cormier, along with the univer- asthma, particularly its effects on not we can prevent the respira- Studies so far suggest that million annually, and there are sity’s Dr. John Devincenzo and St. infants and young children. tory tract viral infections and age of initial infection is an an estimated 64 million cases per Jude Children Research Hospi- Cormier began studying asth- reduce the severity of those in important factor in determining year, according to Cormier. tal’s Dr. Julia Hurwitz and Dr. ma for personal reasons, having response to pollution,” said whether asthma develops. Most Some infant vaccines are Paul Thomas, have applied for an had asthma since she was a young Cormier, who brought five mem- instances of respiratory syncytial failing, and Cormier expects $18 million U19 grant to look at girl – and her condition having bers of her staff at LSU with her virus – the leading cause of bron- the research to lead to ways to respiratory viruses in infants and always been misdiagnosed. to the Memphis research lab. chiolitis, or lower respiratory strengthen and improve them. how they can lead to asthma. The “What I noticed in high school Cormier will also utilize tract infection, in young children The research is being con- group hopes to hear back about while playing basketball was that $727,500 of a more than $1 – occur by the time a child is 1, ducted over a four-year period, the grant by January. if I had viral upper respiratory tract infections I would have asth- ma exacerbations that actually required me going to seek medical attention,” Cormier said. “It was Real Estate never properly diagnosed. It was considered chronic bronchitis.” Cormier’s research back- ground is in pulmonary im- Home Sales Decline in October munology, and she has studied asthma for the past 20 years. She attended Louisiana State Univer- historic lows,” said Doug Collins of Pruden- There were 1,265 existing homes sold in Amos Maki sity in Baton Rouge beginning [email protected] tial Collins-Maury Inc. Realtors. “Compared October, down 4 percent from 1,313 existing in 2003 and then completed her to where we’ve been, everything has been homes sold last October. The average sales postdoctoral work at The Mayo positive.” price for an existing home in October was Clinic in Scottsdale, Ariz., where helby County home sales slowed The housing market has been going $135,819, up 19 percent from $113,990 last she began examining a particular slightly in October, with Realtors through a much-needed correction, with October. cell type in asthma. S selling fewer homes compared to rising prices and interest rates that are still Realtors sold 78 new homes in October, She moved to New Orleans the same month last year, according to historically low, inviting potential sellers down 11 percent from 88 new homes sold after Hurricane Katrina struck in real estate information company Chandler and buyers into the market, Collins said. last October. The average sales price for a 2005. Reports. Owners who are above water and have new home in October was $267,152, up 4 “I moved to New Orleans However, while overall home sales in been considering selling are entering the percent from $255,943 in October 2012. shortly after Katrina to help Shelby County slowed, pricing remained market, while the number of homeowners The strength of the housing market rebuild because they had lost a strong, and 16 out of 33 ZIP codes in the who are underwater has helped keep a lid recovery in Shelby County is evident in lot of faculty,” said Cormier, who county had an increase in overall sales on inventory, producing a bump in sales the year-to-date numbers, with noticeable then joined the LSU Health Sci- activity for the month. In addition, year- prices. increases in number of sales, average sales ences Center in New Orleans in to-date sales information point to a steady “As prices increase, there are people price and total sales volume. 2007. rebound for the industry. who were underwater who are over water Through October, 13,636 homes have She decided to move her The county netted 1,343 home sales in so they can sell,” Collins said. “And we have been sold in Shelby County, up 8 percent research to Memphis early this October, down 4 percent from 1,401 sold people who couldn’t buy over the last five from 12,577 over the same period last year, year and joined UTHSC’s Pedi- in October 2012, according to Chandler years who can buy now, and with historical- according to Chandler Reports. Total sales atric Department in April. The Reports, www.chandlerreports.com. ly low interest rates, I think they’re correct.” volume through October was $1.88 billion, grants have been in the transferral However, average home sales prices Cordova North’s 38016 ZIP code had up 20 percent from $1.56 billion over the process since then. in Shelby County jumped 17 percent in the highest number of sales in October, same period last year. The average sales Cormier will use more than October to $143,447, up from $122,906 in with 103, according to Chandler Reports. price year to date through October was $1.6 million in funding from the October 2012, and total sales volume for the The 38018 ZIP code of Cordova South was $137,937, up 11 percent from $124,151 over National Institute of Environmen- month was $192.6 million, up 12 percent second, with 97 homes sold. Next was Col- the same period last year. tal Health Sciences over the next from $172.1 million a year ago. lierville’s 38017 ZIP code with 82 sales. “Over the last year we have made good five years to study the effect of “Things are pretty good,” said Regina Collierville led the way in sales volume improvement, and we’re still in a healthy combustion-generated particu- Hubbard, president of the Memphis Area in October at $23.2 million, while German- position,” Hubbard said. “I know we’re go- late pollution on infant respira- Association of Realtors. “Things are looking town East’s 38139 ZIP code had the highest ing to finish our year on a positive note.” tory health and the development OK toward the end of the year.” average sales price at $486,300. The numbers through October resemble of asthma. It has taken five years, but the Mem- There were 1,099 non-bank sales in pre-bubble numbers and signal a healthier, Memphis is the perfect petri phis-area market is finally recovering from October, up 1 percent from 1,087 in October more organic market, Collins said. dish for such a study due to fairly the bursting of the housing bubble, with 2012. “I like the slow, steady growth,” he said. high pollution and airborne par- sales now returning to more stable, sustain- There were 244 bank, or foreclosure, “I’d rather leave the run-up and run-down ticulates. Particulate matter from able levels. sales in October, down 22 percent from 314 to the stock market and have a consistent combustion includes vehicular “We just came off some terrible, terrible in October 2012. housing market.” www.thememphisnews.com November 15-21, 2013 23

Memphis standout Love of Teaching Leads Daush to New Role

of Independent Schools. ing Latin teacher like Wooddale did,” she schools where I was employed and found Daush was raised in Wilmette, Ill., on said. “So the only option for me at the time that I had wonderful mentors.” She specifi- the north shore of Chicago, moving to was in independent schools, and once I cally points out the late Jack Stanford from Memphis with her family in the eighth got on that path, I just stayed there.” Hutchison, who she called a “visionary grade and eventually graduating from She taught for three years at Lausanne leader” and who encouraged her to apply Wooddale High School. Because of a dedi- Collegiate School when it was an all-girls at St. Agnes. cated and passionate high school teacher, boarding school before moving to Grace- “I always like to say it was God’s plan,” Daush went on to earn a bachelor’s degree St. Luke’s Episcopal School to teach Latin. she said. “God opened some doors for me in classics and Latin from the University of Her favorite age range to teach would and I went through them.” Mississippi. become seventh and eighth grades. In her 20 years as president, Daush has “The discipline of that language, it’s “I absolutely love teaching junior high,” seen enrollment grow from 632 between so structured that if one can be successful she said. “I just find that age group so the two schools to 900 today, and has in Latin, then one will be more than likely enticing. They’re still trying to please, yet ushered in physical growth on campus successful in any other romance language they’re trying to find their independence. as well as the influx of technology that all because it’s the root of all of those,” she So it’s a lot of challenge but so rewarding to educational institutions have faced. She said. help them find their way.” embraced laptops in 2001, and St. Agnes- DAUSH At the University of Memphis, she She became the school’s guidance St. Dominic became the first, first- through received master’s degrees in guidance and counselor then its assistant head, and then 12th-grade school in the nation to go one- counseling, and art and teaching with served as interim head. After 12 years, to-one (one computer per student). an emphasis on English and secondary she moved to head of the lower school at “My philosophy at the time was that Richard Alley Special to The Memphis News education. Hutchison School for four years before not one child is more or less important It was the love for a language that accepting her current position, where she than another one, no matter if that child is would lead Daush into the universe of celebrates her 20th anniversary this year. in first grade or AP psychology or AP his- arbara Daush, president of St. independent schools. She didn’t necessarily pursue an tory; and no teacher is more or less impor- Agnes Academy and St. Dominic “Most of the private schools taught administration position but, in all of her tant than another,” she said. “So as a unit B School, has recently been named Latin and not many of the public schools years as a teacher, she says, she “admired chairwoman of the Southern Association did, and the ones that did had a longstand- those who were in those positions at the daush continued on P27

Real Estate & Development Builders Showcase Early turnout strong for annual Vesta Home Show in Germantown

Amos Maki The Dave Moore Cos., Dave Tuck- slow the last few years, and I [email protected] er with D & D Custom Homes, wanted to let people know I’m David Clark with Clark Construc- out here building again, and the he Vesta Home Show tion Co., and Darin K. Halford of Vesta Home Show is a great way kicked off over the week- Darin K. Halford Builder. to do it,” Clark said. “It’s more T end, with large crowds Glays said 2,200 people than just building a home; it’s turning out to explore six new visited the show over its first two getting your name out there.” homes in a gated Germantown days. The goal is to reach 20,000 Moore, who built the community. visitors by the end of the month. 5,866-square-foot, $949,000 (Memphis News/Andrew J. Breig) Don Glays, executive di- For builders and suppliers, “Monteleone” home, said he was Cathy Farrell sits in the den at The Maple built by D&D Custom Homes. The house was furnished by The Great American Home Store. rector of the West Tennessee the home show presents a unique attracted to St. James Place’s loca- Home Builders Association, said opportunity for consumers to tion and he knew crowds would attendance during the opening see their products in a real-world be, too. weekend of the show was strong. setting instead of in a showroom “It’s accessible to the whole for that.” can touch it, feel it and see how “It’s probably the best open- or marketing pamphlets. Germantown area and you can The Vesta show has become a you use it.” ing we’ve had since 2007,” Glays “It’s a great marketing tool drop down to (Tenn. 385) so you venue for local builders to show- The 2013 Vesta Home Show said. “I like to talk to people when that shows our product to other can get anywhere quickly,” Moore case sustainable, energy-efficient includes a partnership with they come out, to see what their potential customers,” said Myra said. “It’s perfectly located, and and affordable homes. Neighborhood Christian Centers response is, and people are com- Kissiere, a sales representative it’s a beautiful subdivision. Sat- The home designs all incor- of Memphis. NCC is managing ing away saying it is an excellent for Boral Bricks, which supplied urday and Sunday, we were just porate Memphis Light, Gas and Vesta volunteers throughout show and they are really amazed bricks to all 12 homes in the com- overloaded. Turnout has been Water Division EcoBUILD stan- the show, including parking at the designs and the efficiencies munity. “If you have your product fabulous.” dards, which can produce signifi- and ticket taking, and MAHBA of these homes.” where people can see it, you’re One of the homes has already cant savings on energy costs. will donate $1 from each gen- The Vesta Home Show likely to have more sales.” sold and potential buyers have Two of the homes are heated eral admission ticket sold to the opened to the public Saturday, Clark, who built the expressed “significant” interest in and cooled with geothermal tech- faith-based organization. Forest Nov. 9, and continues through 5,200-square-foot “Silverton” the other homes, Glays said. nology. Geothermal heat pumps Hill Baptist Church is donating Dec. 1 at St. James Place, a gated, home, said the Vesta show has The houses, starting at 5,500 cut the utility bill by 30 to 50 parking space. 12-lot subdivision on Forest Hill- been a great way to introduce square feet, are on 1-acre lots percent and provide a federal in- The St. James Place subdivi- Irene Road in Germantown. his work to a broader audience. and range between $825,000 and come tax credit to the purchaser. sion is on Forest Hill-Irene Road. The association hosts the After the homebuilding indus- $949,000. “You’re going to be able to Hours are Tuesdays through event to showcase premier build- try bottomed out following the “In Germantown, Collierville, heat these homes with a candle, Saturdays from 10 a.m. to 7 p.m., ers, products, suppliers and tech- economic downturn, Clark had East Memphis, there are typi- as we like to say,” Glays said. and Sundays from 1 p.m. to 7 nologies in the building industry. focused more on renovations and cally $20 (million) to $25 million The six homes also display p.m. Adult general admission is The six builders participating additions, and he wanted people sales a year and there’s not many the latest design concepts, appli- $12, with discounts for children in the 2013 show are Phil Bryce to know he was building new homes in that $900,000 to $1 ances, fixtures and furniture. and seniors. General admission with Bryce Homes, Jon Ruch with homes again. million range, so this fits the bill,” “It’s a great way to showcase tickets can be purchased at vesta- Ruch Builders, Dave Moore with “The market has been said Glays. “There’s a market your product,” Clark said. “They homeshow.com. 24 November 15-21, 2013 www.thememphisnews.com

memphis Law Talk Kelly Garners Accolade For Pro Bono Work

Richard J. Alley Special to The Memphis News

1999. “When I was interviewing for jobs at her other specialties. that time, it was very much about billable “I always want to be moving where hours, and I knew that I could not take the business is moving, so I found a way care of my family and work a firm job.” to combine all three of the things that Instead, she delved into another pas- I was interested in. It may sound really I always want to be sion – teaching. She taught physics and crazy, but I tell people I just did an 0-1 visa American government at Westwood High (nonimmigrant visa for those excelling in moving where the School. It was an experience, she says, the arts or other achievements) for a client business is moving, so I that was “one of the best lessons I ever re- in Nashville. She’s in country music and found a way to combine ceived. Those children are honest. If you’re from Canada.” slacking off as a teacher, they’ll tell you. When asked why working pro bono all of the things that I It was a real awakening to me about what is so important to her, Kelly recalls her was interested“ in.” the educational system can feel like for mother being fired from a factory job for KELLY teachers. … It’s a real struggle sometimes.” reporting an OSHA violation, and her – Pamela Williams Kelly She would go on to teach online legal sister being wrongly accused and fired for classes for Strayer University and Axia Col- stealing from a long-held fast food job. lege at the University of Phoenix, as well as “Those kind of things spurred my o wrap up October as Pro Bono Memphis in North Carrollton, Miss., going onsite at Remington College. sense of right and wrong. Neither one Month, Pamela Williams Kelly of to nearby Mississippi State University for a Once her children were old enough, could afford an attorney,” she said, add- Tthe Law Offices of Pamela Kelly was bachelor’s degree in communications with she took the bar exam and went to work ing, “Those few hours, they don’t make me presented with the Celebrate Pro Bono an emphasis in public relations. While for the city of Memphis as a music com- or break me. …We should help if we can. Award from the Memphis Bar Associa- what to do after college wasn’t necessarily mission specialist until this July, when she Some people really cannot afford services, tion Access to Justice Committee and the in the forefront of her mind, doing some- opened her own practice with a focus on but they need the assistance.” Memphis Area Legal Services Pro Bono thing creative was in the back. entertainment law, having established In addition to her work with MALS, Project. She eventually found her calling in relationships with musicians, authors and Kelly also works with the Community Le- Kelly received the award for working radio and wound up in Memphis working screenwriters. gal Center, Online Tennessee Justice and on extended cases on behalf of indigent on promotions for FM-101 Jams. When “When I was working in radio, I met the Nashville-based Volunteer Lawyers for clients through the clinics offered by the station was purchased by Clear Chan- a lot of celebrities,” she said. “It was fun, Professionals and the Arts. As an accred- MALS. nel Communications, she took another and Memphis is really a hotbed of talent. ited attorney for the U.S. Department of “They said I had accepted the greatest path that would lead her to the University And then we’re so close to Nashville, so Veterans Affairs, she provides pro bono number of cases, that’s either by volun- of Memphis Cecil C. Humphreys School that was attractive to me as well.” representation for veterans. teering my time for those clinics and just of Law. It was a challenge undertaken as Bringing that spark of creativity to the Taking to heart her own mentoring answering questions from people,” she a divorced mother of four children, all forefront of her mind, she’s found a way to she’s received, she hopes to pass it along said, adding, “I was just doing my part. … under the age of 7. merge her passion for the business side of through her volunteer work as a Youth I was so surprised and so grateful.” “I was just really wiped out,” she said entertainment with the areas of family law Court mentor for the Juvenile Court of Kelly grew up about two hours from of the period following graduation in and immigration law, which are among Memphis and Shelby County.

Parts or Whole? Felicia Suzanne's Debuts New Patio, in concert, then efforts and resources one knows what the whole is any- are wasted. more. How well do your parts sync up This lack of a holistic approach Farm Table Concept to a whole? Does every assignment, show that shortsighted, knee-jerk every project, every mission add value approaches to growth do not work for Felicia Suzanne’s Downtown Memphis to the total vision? more than a season and the long-term restaurant is coming up on its 12th birthday, JOCELYN ATKINSON Given the buzzword of "corporate fallout confuses the whole enterprise. and the eatery has been in the midst of a flurry & michael graber let’s grow waste" or the thousands of killed The corpus is sick without a whole of changes. projects we have seen sitting in a vision. If a company chooses parts as That’s in keeping with owner Felicia Wil- warehouse that's next to a warehouse a default – without envisioning how lett’s philosophy that change has to be constant What do you call a single cell in a that's next to a warehouse filled with each part adds value to the enter- – and embraced – at a business that wants to huge body acting counter to the gen- shelved projects, we think there is prise – it displays a lack of a coherent stick around for the long term. To that end, her eral flow of a body? A rebel cell. a lack of cohesive vision at many vision. restaurant unveiled renovations to its patio last The theory of cancer is happen- companies. Before a project kicks off ask how week, as well as updated its drink menu and ing at the corpuses of businesses The reason is simple, a lack of it is related to other projects. Ask if introduced a new farm table concept. everywhere. When parts are running vision and leadership. These firms there is a clear path to value. Ask how The restaurant’s patio, she explained, has in different directions than the whole, are not applying systems thinking this part plays into the whole. been a focus this past year. there is a schism a hand. and considering how the parts add or If you cannot answer, take it to Those patio renovations have included a As Marcus Aurelius said, what is subtract from the whole. your leaders and demand clarity. new bar, patio furniture and menu offerings. good for the bee is good for the hive. Often, to ignite new growth, we In addition to unveiling the new patio, Willett also has introduced a new farm table The parts and the whole need to be are called into a skunk works for new Jocelyn Atkinson and Michael Gra- concept at the restaurant. in harmony, and every part (each product or new market innovation. ber run the Southern Growth Studio, a Going forward, there will be two tables initiative, every project, every action What we discover, time and time strategic growth firm based in Mem- reserved for groups of eight to 10 people. They’ll or inaction) should play an integral, again, is that there are so many parts phis. Visit www.southerngrowthstudio. need to be reserved at least 24 hours in advance strategic role. If parts are not working running in different directions that no com to learn more. and will cost around $30 to $35 per person. The type of food the group wants will be discussed at the time the reservation is made. www.thememphisnews.com November 15-21, 2013 25

Public Companies ServiceMaster Spins Off Troubled TruGreen

Bill Dries [email protected]

The ServiceMaster Co. plans to spin off its around of its business.” company’s CEO, started in April changes in TruGreen leadership The spinoff will be a tax-free 2011 with ServiceMaster’s sale immediately. TruGreen lawn care business at the end transition through a pro rata of its commercial landscaping Mullany attempted to fix the of 2013 after several years of struggles for dividend to ServiceMaster Global business, TruGreen LandCare company’s service and sales oper- Holdings Inc. stockholders. to Aurora Resurgence Group, a ations by moving the head of the the Memphis-based company's division. ServiceMaster hopes to close private investment firm based company’s Terminix division in to at or near the end of the year in in Los Angeles. The sale hap- overhaul TruGreen’s approach. It a complex transaction that will pened as Spainhour was leaving was supposed to be a temporary he ServiceMaster Co. of TruGreen Thursday, Nov. 14, make TruGreen an independent as CEO. move but became permanent. plans to spin off its Tru- in advance of an afternoon quar- private company. ServiceMas- Spainhour said the sale al- Mullany’s move on TruGreen T Green lawn care business terly earnings call to investors ter’s financial advisers in the lowed the separate TruGreen was the first action he took in his at the end of 2013 after several and analysts. action are J.P. Morgan Securities business that remained at year and a half tenure at the top years in which the Memphis- In a written statement, LLC, Credit Suisse Securities ServiceMaster to “focus on being of the ServiceMaster manage- based collection of residen- Gillette, who became CEO of (USA) LLC, Goldman Sachs & Co. a partner with the landscape ment chart. tial- and commercial-services ServiceMaster in June, said and Natixis. business.” But TruGreen became the companies has struggled with separating TruGreen from the Gillette is the third Service- Spainhour’s successor, Hank exception in quarterly earnings the right business model for the ServiceMaster portfolio gives Master CEO in two and a half Mullany, said the sale allowed calls to the other parts of Ser- TruGreen brand. TruGreen “the time and focus years to struggle with TruGreen’s TruGreen to focus on core resi- viceMaster and ServiceMaster ServiceMaster CEO Robert it needs to make the changes business model. dential and commercial business executives repeatedly config- Gillette announced the spinoff necessary to complete the turn- Patrick Spainhour, the service. Mullany also announced ured their earnings reports with statements that pointed out that except for TruGreen’s numbers, the other brands were performing as expected or better. Government The preliminary third quarter 2013 earnings reported Thurs- day for ServiceMaster show net AutoZone Park Deal Resurfaces income of $46 million for the quarter compared to a net loss of $704 million a year ago. That loss was attributed to goodwill and trade name impairment charges C Wharton Jr. said ServiceMaster took at TruGreen. Bill Dries [email protected] Thursday, Nov. 14, The company said the higher in his first public revenue across the company in he Christmas tree in the plaza of Au- reaction. “I’m still third quarter 2013 was offset by toZone Park is more than a reminder waiting to see the several factors including higher T of the holiday season. final product – if selling expenses primarily at The tree serves as a reminder for the it remains in the TruGreen. tight timeframe that awaits a proposal for framework in Gillette, in his first earnings a city government purchase of the baseball which the city is call with investors and analysts park as the St. Louis Cardinals baseball not left exposed to this past August, was as blunt franchise buys the ball greater financial li- about TruGreen as Mullany had club, the Cardinals AAA minor league affili- ability. That’s first.” been in his first earnings call ate. The impact The city could become the owner of AutoZone Park. (Memphis News File/Lance Murphey) about TruGreen. Potential investors including city gov- on city finances is “TruGreen is going through ernment leaders have been invited to a rally also expected to be some challenges,” Gillette said. Tuesday, Nov. 19, by the nonprofit Memphis the first question “But it’s largely self-inflicted. Redbirds Baseball Foundation, which owns Memphis City Council members ask when recommendation on how to fund at least Unfortunately we did this to the team franchise and the ballpark. they are formally presented the proposal more if not all of the city’s unfunded pen- ourselves.” The foundation financed $72 million at their Dec. 3 meeting, most likely in that sion liability – a fix that could mean devot- Gillette began by undoing in bonds to build the ballpark in the early day’s executive session of the council. ing an additional $60 million to $80 million some of Mullany’s moves. 1990s on the northeast corner of Third The Tuesday session at AutoZone Park annually toward the liability. The additional David Alexander, who remains Street and Union Avenue. is designed in part to build support for the funding of that is expected to take money as TruGreen president, said in The purchase of the franchise by the project in advance of going to the council, from other high-profile projects outside the August that the fix to “operating Cardinals is something the Cardinals front which was cool to the general idea last year inner financial workings of City Hall. systems” issues at the company office has considered several times in recent when it first surfaced. The city is under pressure to take would take “longer than previous- years. The first move was stopped by the Wharton said there is likely to be a push the steps itself or risk having a fix for the ly expected” and probably affect coming of the national recession in 2008. by the foundation to get a quick vote from unfunded liability imposed by Tennessee ServiceMaster’s financials for the This past April, team executives the council by year’s end. Comptroller Justin Wilson. rest of the calendar year. renewed their interest. But it came with “From what I hear for their compressed Earlier this year, Wilson threatened to For the quarter that ended no interest by the Cardinals in buying the time sequence obviously investors and all withhold approval of a city bond restructur- Sept. 30, TruGreen posted operat- ballpark. are looking at tax considerations and a lot ing unless the city took immediate steps ing income of $27 million. But for The plan that has emerged since then of things will probably have to be done including using its reserves to restore sev- the first nine months of calendar for the ballpark involves the city issuing rev- in December before the first of the year,” eral accounts within city government that 2013, TruGreen has a $686 million enue bonds to buy it from the foundation. Wharton said. had money advanced from them to other loss in operating income. The bonds would be repaid from money The council is expected to have a crowd- initiatives. At the time, Wilson also said the Gillette, in the company’s the Cardinals pay as they lease the ballpark ed agenda of financial items already in the unfunded pension liability was another written statement, acknowledged for their team, sales tax rebates on items last month of the year, which is the mid- concern he had about city finances. another change in TruGreen was bought by fans at the ballpark as well as point of the local government fiscal year. When the city resolved his initial con- needed. money the city gets from payment-in-lieu- It is a time of “mid-year fixes” to budgets cerns, Wilson reminded Wharton of the “It has now become clear that of-taxes – the tax breaks that are used in in normal fiscal years. This is not a normal pension liability concerns again. while we’re making progress, Tru- economic development projects. fiscal year at City Hall. If the city doesn’t act on those concerns Green is on a different earnings “I am on board with the concept that At one of the two council sessions in and even if Wilson doesn’t act, the Tennes- growth timeline than the rest of was presented initially,” Memphis Mayor A December, Wharton is expected to make his see legislature could. ServiceMaster,” Gillette said. 26 November 15-21, 2013 www.thememphisnews.com

Week of 11/4/13 - 11/10/13

crosswords The Weekly

Crossword Edited by Margie E. Burke The Weekly Crossword by Margie E. Burke ACROSS 1234 5678 9 10 11 12 13 1 Goblet feature 14 15 16 5 Legal postponement 17 18 19 9 Take hold of 20 21 22 23 14 Vatican VIP 15 Undercover 24 25 26 device 27 28 29 30 31 16 Barnes' partner 17 Surrounded by 32 33 34 35 36

18 Harry Potter 37 38 actress 20 Rachael Ray 39 40

offering 41 42 43 22 Sweat site 23 Great weight 44 45 46 47

24 Stage worker's 48 49 50 51 52 53 access 26 Really smelly 54 55 56 57

27 Prickly seed 58 59 60 case 30 Pint-sized 61 62 63 31 Give the boot Copyright 2013 by The Puzzle Syndicate 32 Not deserved 34 Unpretentious 3 Big picture 38 Fountain order 47 Finish with 37 Celebrated in 4 "M*A*S*H" extra 40 Franc fraction 49 Sight starter the past 5 Equal, e.g. 42 Place for Christ- 51 Old Chevy 38 Seattle slugger 6 Comical mas stockings model 39 Wes Craven Conway 44 Thorn mishap 52 Agenda listing genre 7 Mourner's 45 Like some 53 All dried out 40 Hymn of praise accessory sentences 55 Herbal brew 41 Pistol, slangily 8 Per annum 46 By way of 56 Compete 42 Mob scene 9 Nibble away 43 Yellowstone 10 Become rancid grazer 11 Self-restraint 44 Mimic a mantis 12 Sailing vessel 46 Viewpoint 13 Tube-shaped 48 Hosiery mishap pasta Answer to Last Week's Crossword 49 Heloise offering 19 Cantonese 50 Graf's game cooker ALGA STEM TALON 54 Ambition 21 Scud destroyer HALO EBAY EVADE 57 Pour on the love 25 Hoe target OVER TARO RA I DS 58 Pull a scam 26 Circle spokes YENTL RAP MI DST 59 Arab leader 27 Wild country, AG I CIVIL 60 Part of OTC Down Under OAR ENCHA I N LAG 61 Work with 28 Do-others link TREE FOE TAMA L E dough 29 Overhaul HEARTEN PALAD I N 62 Peggy and 31 Funeral ENDEAR AIM DEER Brenda Weekprocession of 11/4/13RAY - 11/10/13I NERT I A NNE 63 Newborn's need 33 Orderly ALOFT NIL grouping S L ANG FIT DIGIT DOWN 34 Lions and tigers CONGA ECHO NODE 1 Rigging support 35 Broker's advice OCTET CLAD ENOS 2 Heavy reading 36 Arduous hike WH I L E TEND REST

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                        Friday at 7:00pm WKNO            Friday at 7:30pm WKNO2   Sunday at 8:30am WKNO  Copyright 2013 by The Puzzle Syndicate www.thememphisnews.com November 15-21, 2013 27 happenings Road. Trustee staff will provide information The Circuit Playhouse will present “A Tuna on senior property taxes and how to effec- Christmas” Friday, Nov. 15, through Dec. 29, tively pass property to heirs. Cost is free. Visit at the theater, 51 S. Cooper St. Buy tickets at Ignite Memphis, Vol. 6, will be held Tuesday, Nov. 19, from shelbycountytrustee.com. playhouseonthesquare.org.

7 p.m. to 10 p.m. at Crosstown Arts, 430 N. Cleveland St. Cannon Wright Blount will hold a free Quick- Eclectic Eye will host an opening reception » Books seminar titled “What’s New in Quick- for Danielle Sierra’s “Of Beasts, Birds & Flow- Twelve Memphians will enlighten attendees on a variety of Books 2014?” Wednesday, Nov. 20, from noon ers” art show Friday, Nov. 15, from 6 p.m. to to 1:30 p.m. at its office, 756 Ridge Lake Blvd. 8 p.m. at Eclectic Eye, 242 S. Cooper St. The topics via five-minute, 20-slide presentations. Cost is $15. The session will look at new features in next exhibit runs through Jan. 8. Visit eclectic-eye. year’s software. Visit cannonwrightblount. com. com/resources to register. Visit ignitememphis.com. Memphis College of Art will hold an opening Kiwanis Club of Memphis will meet reception for Justin Bowles’ “Xenobia” and Wednesday, Nov. 20, from noon to 1 p.m. at Katie Whitfield’s “(Im)material Matters” Fri- The University Club of Memphis, 1346 Central day, Nov. 15, from 6 p.m. to 9 p.m. in the Hyde Ave. Shelby County Assessor of Property Gallery, 477 S. Main St. Visit mca.edu. » Community the top five teams will be selected to develop Cheyenne Johnson will speak. Cost is $18 for their ideas. Teams will present their business- nonmembers. The Orpheum Theatre will hold its 35th an- The Shelby County Trustee’s Office will es to the community Sunday at 6 p.m., with nual auction Saturday, Nov. 16, at 6:30 p.m. host a “Home Sweet Home” workshop for the winning team receiving $1,000. Register The Memphis Center at Rhodes College at the theater, 203 S. Main St. The event will seniors Friday, Nov. 15, from 10 a.m. to noon at neverstop.co. will host a Memphis Centered lecture titled include more than 400 items up for bid in live at Ruth Tate Senior Center, 1620 Marjorie “Why Elvis Presley Still Matters” Wednesday, and silent auctions, open bar and buffet, and St. Trustee staff will provide information on The Tennessee Financial Literacy Com- Nov. 20, at 5 p.m. in the Barret Library on the the raffle of a Ferrari Spider. Tickets are $125. senior property taxes and how to effectively mission will hold a Financial Literacy Summit Rhodes campus, 2000 North Parkway. Cost is Visit orpheum-memphis.com. pass property to heirs. Cost is free. Visit for Teachers Saturday, Nov. 16, from 8:30 free. Email [email protected]. shelbycountytrustee.com. a.m. to 2 p.m. in the University of Memphis IRIS Orchestra will present “Eastern Dances, Fogelman College of Business & Economics, Douglas & Associates will host “The Repeal Northern Melodies,” featuring clarinetist Alex- The Memphis chapter of the Association 3665 Central Ave. Teachers will learn financial of DOMA and You” on Wednesday, Nov. 20, ander Fiterstein, Saturday, Nov. 16, at 8 p.m. of Fundraising Professionals will host the literacy lessons they can teach students and at 6:15 p.m. at the DoubleTree hotel, 5069 at Germantown Performing Arts Center, 1801 National Philanthropy Day Crystal Awards apply in their own lives. Cost is free; the first Sanderlin Ave. The presentation and panel Exeter Road. Tickets are $65. Visit irisorches- Luncheon Friday, Nov. 15, at 11 a.m. at the Hol- 100 participants will receive a $50 Amazon discussion will discuss key changes in the tra.org. iday Inn University of Memphis, 3700 Central gift card. Visit tnflc.com. Defense of Marriage Act. Cost is free. RSVP at Ave. Tickets are $40. Visit afpmemphis.org. douglasandassociates.eventbrite.com. Gallery Ten Ninety One will host an opening Dixon Gallery and Gardens will host its free reception for “Girando (Spinning),” works by Red Door Wealth Management will host a Family Day at the Dixon Saturday, Nov. 16, AARP Cordova chapter will meet Thursday, Mexican-born artist Yancy Villa-Calvo, Sunday, luncheon titled “Today’s Market: What is it from 10 a.m. to 2 p.m. in the Dixon gardens, Nov. 21, at 11:30 a.m. at the Cordova branch Nov. 17, from 2 p.m. to 4 p.m. in the WKNO really worth?” Friday, Nov. 15, from 11:30 a.m. 4339 Park Ave. The event will include live library, 8457 Trinity Road. Nominations for Digital Media Center, 7151 Cherry Road. The to 1 p.m. at Red Door, 756 Ridge Lake Blvd. music, scavenger hunts, fall art projects and 2014 officers will be taken. The event is open exhibit will be on display through Dec. 5. Call Cost is free. Email gretchen@reddoorwealth. more. Visit dixon.org. to the public. 458-2521. com. The Stax Museum of American Soul Music The Memphis Light, Gas and Water Divi- Tennessee Shakespeare Co. will present “It’s Methodist University Hospital will host a will host Robert Gordon, author of the new sion board will meet Thursday, Nov. 21, at a Wonderful Life: A Life Radio Play” Wednes- heart failure support group meeting Friday, book “Respect Yourself: Stax Records and the 1:30 p.m. in the MLGW board room, 220 S. day, Nov. 20, through Dec. 8 in the Dixon Nov. 15, at 1 p.m. in the hospital’s Center of Soul Explosion,” for a book signing Saturday, Main St. Visit mlgw.com. Gallery and Gardens Winegardner Auditorium, Excellence in Faith and Health, 1265 Union Nov. 16, from 5 p.m. to 8 p.m. at the museum, 4339 Park Ave. Visit tnshakespeare.org. Ave. The topic is meal planning and surviving 926 E. McLemore Ave. Live music by the Stax The Marcus W. Orr Center for the Humani- the holidays. Cost is free. Call 516-7435. Music Academy rhythm section starts at 7 ties at the University of Memphis will host p.m. Admission is free. Visit staxmuseum. a lecture titled “British Israelism: Three Cen- The Downtown Memphis Commission com. turies of a Forgotten History,” presented by will host an electronics recycling drive for Achsah Guibbory of Barnard College, Thurs- computers, televisions, cell phones and other DeNeuville Learning Center will hold its 12th day, Nov. 21, at 5:30 p.m. in the University items Friday, Nov. 15, from 3 p.m. to 6:30 p.m. annual auction and dinner Saturday, Nov. 16, Center theater, 499 University St. Cost is free. at the Central Station pavilion, at the corner from 6:30 p.m. to 10:30 p.m. at Hutchison Visit memphis.edu/moch for details. of South Front Street and G.E. Patterson Av- ( ) School, 1740 Ridgeway Road. The event will FOLLOW US enue. Many items will be recycled for free. For include live and silent auctions, live entertain- The West Tennessee Home Builders As- twitter.com/memphisdaily sociation will hold the 2013 Fall Vesta Home a list of items, including those with fees, visit ment, food and wine. Tickets are $50. Visit Breaking News and Updates 5rprocessors.com. deneuvillecenter.org. Show through Dec. 1 at the St. James Place development in Germantown. General admis- Start Co. will kick off Global Entrepreneurship The Shelby County Trustee’s Office will sion is $12. Visit vestahomeshow.com for Week with 48 Hour Launch Friday, Nov. 15, host a “Home Sweet Home” workshop for hours and parking information. from 6 p.m. to Sunday, Nov. 17. Attendees will seniors Monday, Nov. 18, from 10 a.m. to noon » THE ARTS » have two minutes to pitch their concepts, and at the Goodwill Senior Center, 163 W. Raines

germantown continued from P10 lipscomb & pitts continued from P19 ting their name at the top for credibility to every year and working to impact the be seen for miles. It was an investment in community. tion marks at the moment, in terms of how those particular chosen individuals with a place, and it’s that place and community In a well-appointed conference they’ll affect the town’s future. leadership skills, we began to form a real to which the company is devoted. room at the Lipscomb & Pitts offices is Shelby County Schools superintendent good team that can take us to the next “The city has blessed us, and we a commissioned painting depicting the Dorsey Hopson has proposed keeping level – and we did, and we have been ever need to give back,” Pitts said. “It’s in our reflection of the insurance company’s Germantown Elementary, Middle and High since,” Pitts said. DNA; it is a culture of our organization to first building on South Cooper upon Schools in the county system. Goldsworthy In fact, they’ve taken Lipscomb & Pitts give back.” the glass of the Union Avenue Extended took a formal request to the Shelby County to a level as the Mid-South’s largest locally Since 2005, the Lipscomb Pitts Break- glass front. It’s a fitting tribute, as the Schools board recently seeking terms that owned insurance agency, employing 130. fast Club has been a catalyst, partnering idea has been to bridge the work eth- would allow the Germantown municipal In November 1995, they bought the with businesses to align resources and ics of the past with the reach in services schools district to claim the three schools, tower at 2670 Union Ave. Extended, put- underwrite the cost of nearly 150 events of the future. or at least Germantown Elementary School. “The brand associated with the munici- pal school districts is a work in progress,” daush continued from P23 Tennessee Association of Independent largest accrediting agency in the area for said Germantown School Board member Schools, Memphis Association of Inde- such institutions. Daush’s tenure as chair Ken Hoover. “Shelby County Schools had school, I felt like if we were going to take pendent Schools, board of trustees for the will become effective in January. been a plus for home values, and it will that initiative, we needed to do it together Madonna Learning Center, the board of “I’m very honored that they would take a couple of years for the differentia- as a family and to learn from each other.” the Saint Martin De Porres Shrine & Insti- have selected me, and I’m honored to tion to be noticeable. My sense would be As for future growth, Daush would tute at St. Peter’s Catholic Church, and is serve,” she said. that people familiar with Shelby County like to enhance the math and science vice chair of the Coalition of Lighthouse She has seen education from every would have an immediate preference for buildings to take advantage of up-to-date Schools. angle and on various fronts over her municipal rather than the unified school STEM – science, technology, engineering The Southern Association of Indepen- career, and has never wavered from what district. I think the municipals will inherit and math – curriculum. The schools are dent Schools, a 355-member organization it was that first drew her to what she says that preference. It’s my hope that friendly landlocked on 22 acres in East Memphis, representing over 200,000 students, is the is her “calling.” competition raises the performance of all and offsite land for athletic activities is of them, because there will be tremendous also on the wish list. For more local and national news, visit www.memphisdailynews.com pressure on all of us to excel.” She currently sits on the board of the 2828 NovemberNovember 15-21,15 - 21, 2013 2013 www.thememphisnews.comwww.thememphisnews.com

public notices

Foreclosure Notices 417-4040 File No.: 83324 Web Site: NOW, THEREFORE, notice is hereby that an agent of Wilson & Associates, brances of record: www.rcolegal.com TS#: 83324 given that the entire indebtedness has P.L.L.C., as Successor Trustee, by Lot 157, PHASE 6, DIAMOND ESTATES Fayette County FEI # 1008.246946 been declared due and payable; and virtue of the power, duty, and author- Subdivision, as shown on plat of record Nov. 1, 8, 15, 2013 Fin11652 that an agent of Wilson & Associates, ity vested in and imposed upon said in Plat Book 185, Page 46, in the P.L.L.C., as Successor Trustee, by virtue Successor Trustee will, on January 9, Register’s Office of Shelby County, SUBSTITUTE TRUSTEE’S SALE NOTICE OF TRUSTEE’S SALE of the power, duty, and authority vested 2014 on or about 11:00 A.M., at the Tennessee, reference to which plat WHEREAS, default having been made in WHEREAS, default has occurred in the in and imposed upon said Successor Madison County Courthouse, Jack‑ is hereby made for a more particular the payment of the debts and obligations performance of the covenants, terms, Trustee will, on December 5, 2013 on son, Tennessee, offer for sale certain description of said property. secured by a Deed of Trust executed and conditions of a Deed of Trust Note or about 11:00 A.M., at the Madison property hereinafter described to the Street Address: 773 Sunstone Avenue, on March 3, 2006, by CHARLES E. dated December 8, 2006, and the County Courthouse, Jackson, Ten‑ highest bidder FOR certified funds paid Memphis, Tennessee 38109 CRENSHAW & GLEANDA D. CRENSHAW, Deed of Trust of even date securing the nessee, offer for sale certain property at the conclusion of the sale, or credit Parcel Number: 075259 H00023 HUSBAND AND WIFE to Closetrak Title same, recorded December 13, 2006, hereinafter described to the highest bid from a bank or other lending entity Current Owner(s) of Property: Carlos R. and Escrow Services, Trustee, for the as Instrument No. 06011003 in Office bidder FOR certified funds paid at the pre-approved by the successor trustee. Dease and Susan Dease, his wife benefit of Mortgage Electronic Registra- of the Register of Deeds for Fayette conclusion of the sale, or credit bid The sale is free from all exemptions, Other interested parties: Gemstones tion Systems, Inc., solely as nominee County, Tennessee, executed by Lorita from a bank or other lending entity pre- which are expressly waived in the Deed Community Homeowners Association, for First Horizon Home Loan Corporation H. Goforth, conveying certain property approved by the successor trustee. The of Trust, said property being real estate Inc. c/o William E. Miller & Associates, D/B/A First Tennessee Home Loans therein described to Dudley B. Bridgforth sale is free from all exemptions, which situated in Madison County, Tennessee, Gemstones Community Homeowners’ and appearing of record in Register’s Jr. as Trustee for The Citizens National are expressly waived in the Deed of and being more particularly described Association, Inc., Capital One Bank Office of Fayette County, Tennessee, Bank of Meridian; and the undersigned, Trust, said property being real estate as follows: c/o John E. Buffaloe, Attorney and in Instrument No. 06002204; and Wilson & Associates, P.L.L.C., having situated in Madison County, Tennessee, Beginning at an iron pin on the North CitiBank c/o Law Office of Fisiwe WHEREAS, the beneficial interest of said been appointed Successor Trustee. and being more particularly described margin of Fairmont Street (30 feet Desiree Kies Deed of Trust was last transferred and NOW, THEREFORE, notice is hereby as follows: from centerline at right angles) lo‑ The street address of the above assigned to Federal National Mortgage given that the entire indebtedness has Beginning at an iron pin on the East cated South 88 degrees 00 minutes described property is believed to be Association (“FNMA”) and WHEREAS, been declared due and payable; and margin of Currie Avenue at the North‑ 00 seconds East a distance of 84.60 773 Sunstone Avenue, Memphis, Ten- Federal National Mortgage Association that an agent of Wilson & Associates, west corner of Lot 198, Section XI, feet from the East margin of Briggs nessee 38109, but such address is (“FNMA”), as the holder of the Note for P.L.L.C., as Successor Trustee, by virtue Briarcliff Subdivision as recorded in Street; thence North 01 degree 44 not part of the legal description of the which debt is owed, (“Note Holder”), of the power, duty, and authority vested Plat Book 3, Page 53 in the Register’s minutes 40 seconds East a distance property sold herein and in the event of appointed the undersigned, Priority in and imposed upon said Successor Office of Madison County, Tennes‑ of 105.48 feet to an iron pin; thence any discrepancy, the legal description Trustee Services of TN, LLC, as Substi- Trustee will, on December 9, 2013 on see; thence with the East margin North 89 degrees 12 minutes 33 referenced herein shall control. tute Trustee by Instrument filed or to be or about 10:00 A.M., at the Fayette of Currie Avenue following a curve seconds West a distance of 15.39 SALE IS SUBJECT TO TENANT(S) filed for record in the Register’s Office County Courthouse, Somerville, Ten‑ (Radius of 435.28 feet) to the left feet to an iron pin; thence North 01 RIGHTS IN POSSESSION. of Fayette County, Tennessee, with all nessee, offer for sale certain property a distance of 56 feet to an iron pin degree 44 minutes 40 seconds East All right of equity of redemption, the rights, powers and privileges of the hereinafter described to the highest at the Southwest corner of Lot 196; a distance of 35.00 feet to an iron statutory and otherwise, and homestead original Trustee named in said Deed of bidder FOR certified funds paid at the thence with the South line of Lot 196 pin at the Southwest corner of a lot are expressly waived in said Deed of Trust; and WHEREAS, pursuant to Tenn. conclusion of the sale, or credit bid South 87 degrees 54 minutes East owned by Nora Stewart (Deed Book Trust, and the title is believed to be Code Ann. § 35-5-117, not less than sixty from a bank or other lending entity pre- a distance of 82 feet to an iron pin 581, Page 419); thence with the good, but the undersigned will sell and (60) days prior to the first publication approved by the successor trustee. The at the Southwest corner of Lot 195; South line of the Stewart lot, South 89 convey only as Substitute Trustee. required by § 35-5-101, the notice of sale is free from all exemptions, which thence with the South line of Lot degrees 12 minutes 23 seconds East If you purchase a property at the the right to foreclose was properly sent, are expressly waived in the Deed of 195 South 68 degrees 39 minutes a distance of 65.39 feet to an iron pin foreclosure sale, the entire purchase if so required; and NOW, THEREFORE, Trust, said property being real estate East a distance of 63.55 feet to an in the West margin of a 15 feet alley; price is due and payable at the con‑ notice is hereby given that the entire situated in Fayette County, Tennessee, iron pin; thence South 2 degrees 06 thence with the West margin of said clusion of the auction in the form of indebtedness has been declared due and being more particularly described minutes West a distance of 55 feet alley South 01 degree 44 minutes 30 a certified/bank check. No personal and payable as provided in said Deed as follows: to an iron pin at the Northeast corner seconds West a distance of 141.53 checks will be accepted. To this end, of Trust by the Note Holder, and that the Lot 35, Phase I, Sommerset Subdi‑ of Lot 198; thence with the North feet to an iron pin on the North margin you must bring sufficient funds to out‑ undersigned, Priority Trustee Services vision, as shown on Plat of Record line of Lot 198 North 80 degrees 38 of Fairmont Street; thence with the bid the lender and any other bidders. of TN, LLC, Substitute Trustee, or its in Plat Book 8, Page 96, in the minutes West a distance of 149 feet North margin of Fairmont Street North Insufficient funds will not be accepted. duly appointed attorneys or agents, by Register’s Office of Fayette County, to the point of beginning. Being Lot 83 degrees 00 minutes 00 seconds Amounts received in excess of the virtue of the power and authority vested Tennessee, to which plat reference is 197, Section XI, Briarcliff Subdivision West a distance of 50.00 feet to the winning bid will be refunded to the in it, will on Thursday, November 21, made for a more particular description platted as aforesaid. point of beginning. successful purchaser at the time the 2013, commencing at 11:00 AM At the of said property. ALSO KNOWN AS: 14 Currie Avenue, ALSO KNOWN AS: 311 Fairmont foreclosure deed is delivered. Fayette County Courthouse, proceed ALSO KNOWN AS: 105 Tate Drive, Jackson, Tennessee 38301 Avenue, Jackson, Tennessee 38301‑ This property is being sold with the to sell at public outcry to the highest Oakland, Tennessee 38060 This sale is subject to all matters 4119 express reservation that the sale is and best bidder for cash, the following This sale is subject to all matters shown on any applicable recorded plat; This sale is subject to all matters subject to confirmation by the lender described property situated in Fayette shown on any applicable recorded plat; any unpaid taxes; any restrictive cov- shown on any applicable recorded plat; or trustee. This sale may be rescinded County, Tennessee, to wit: Lot 3, Shelton any unpaid taxes; any restrictive cov- enants, easements, or setback lines any unpaid taxes; any restrictive cov- at any time. Subdivision, as shown on plat of record in enants, easements, or setback lines that may be applicable; any statutory enants, easements, or setback lines Shapiro & Kirsch, LLP Substitute Plat Book 5, Page 124, in the Register’s that may be applicable; any statutory rights of redemption of any governmental that may be applicable; any statutory Trustee Office of Fayette County, Tennessee, to rights of redemption of any governmental agency, state or federal; any prior liens rights of redemption of any governmental www.kirschattorneys.com which plat reference is hereby made for agency, state or federal; any prior liens or encumbrances as well as any priority agency, state or federal; any prior liens Law Office of Shapiro & Kirsch, LLP a more particular description of said or encumbrances as well as any priority created by a fixture filing; and to any or encumbrances as well as any priority 555 Perkins Road Extended, property. Being all or part of the same created by a fixture filing; and to any matter that an accurate survey of the created by a fixture filing; and to any Second Floor property conveyed to Grantor(s) herein matter that an accurate survey of the premises might disclose. In addition, the matter that an accurate survey of the Memphis, TN 38117 as shown in Warranty Deed of record in premises might disclose. In addition, the following parties may claim an interest in premises might disclose. In addition, the Phone (901)767-5566 Plat Book 417 Page 18 in said Register’s following parties may claim an interest the above-referenced property: Stephen following parties may claim an interest in Fax (901)761-5690 Office. Parcel Number: 05-043-0024-.05 in the above-referenced property: Lorita Donahue; Wenderlin Donahue; Madison the above-referenced property: Marcus File No. 13-053246 PROPERTY ADDRESS: 21095 HIGHWAY H. Goforth Currie Trust, J.E. May as Trustee; City Lyles; Twanna Lyles Nov. 2, 9, 16, 2013 Fin11651 194, SOMERVILLE, TN 38068, CURRENT The sale held pursuant to this Notice of Jackson ‑ Building and Codes Depart‑ The sale held pursuant to this Notice OWNER(S): Charles E. Crenshaw & may be rescinded at the Successor ment; Madison Currie Trust, J.E. May may be rescinded at the Successor Gleanda D. Crenshaw The sale of the Trustee’s option at any time. The right as Trustee Trustee’s option at any time. The right above-described property shall be sub- is reserved to adjourn the day of the The sale held pursuant to this Notice is reserved to adjourn the day of the Foreclosure Notices ject to all matters shown on any recorded sale to another day, time, and place may be rescinded at the Successor sale to another day, time, and place Tipton County plan; any unpaid taxes; any restrictive certain without further publication, upon Trustee’s option at any time. The right certain without further publication, upon covenants, easements or set-back lines announcement at the time and place is reserved to adjourn the day of the announcement at the time and place that may be applicable; any prior liens for the sale set forth above. W&A No. sale to another day, time, and place for the sale set forth above. W&A No. NOTICE OF TRUSTEE’S SALE or encumbrances as well as any priority 1286‑240337 certain without further publication, upon 1286‑237057 WHEREAS, default has occurred in the created by a fixture filing; and any matter DATED November 6, 2013 announcement at the time and place DATED November 8, 2013 performance of the covenants, terms, that an accurate survey of the premises WILSON & ASSOCIATES, P.L.L.C., for the sale set forth above. W&A No. WILSON & ASSOCIATES, P.L.L.C., and conditions of a Deed of Trust Note might disclose. Substitute Trustee will Successor Trustee 700‑222019 Successor Trustee dated December 19, 2008, and the only convey any interest he/she may FOR SALE INFORMATION, VISIT WWW. DATED October 25, 2013 FOR SALE INFORMATION, VISIT WWW. Deed of Trust of even date securing the have in the property at the time of sale. MYFIR.COM and WWW.REALTYTRAC. WILSON & ASSOCIATES, P.L.L.C., MYFIR.COM and WWW.REALTYTRAC. same, recorded December 30, 2008, at Property is sold “as is, where is.” For COM Successor Trustee COM Book 1421, Page 386 in Office of the every lien or claim of lien of the state Nov. 15, 22, 29, 2013 Fin11658 FOR SALE INFORMATION, VISIT WWW. Nov. 15, 22, 29, 2013 Fin11657 Register of Deeds for Tipton County, identified above, please be advised MYFIR.COM and WWW.REALTYTRAC. Tennessee, executed by George David notice required by § 67-1-1433 (b)(1) COM Walk, III, conveying certain property was timely given and that any sale of the Nov. 1, 8, 15, 2013 Fin11647 Foreclosure Notices therein described to Monte Connell as property herein referenced will be subject Foreclosure Notices Trustee for American Mortgage Service, to the right of the state to redeem the Madison County NOTICE OF TRUSTEE’S SALE Shelby County Inc.; and the undersigned, Wilson & land as provided for in § 67-1-1433(c) WHEREAS, default has occurred Associates, P.L.L.C., having been ap- (1). All right and equity of redemption, in the performance of the covenants, SUBSTITUTE TRUSTEE’S SALE pointed Successor Trustee. statutory or otherwise, homestead, and NOTICE OF TRUSTEE’S SALE terms, and conditions of a Deed of Trust Sale at public auction will be on NOW, THEREFORE, notice is hereby dower are expressly waived in said Deed WHEREAS, default has occurred in the Note dated January 16, 2009, and the December 12, 2013 at 11:00 am local given that the entire indebtedness has of Trust, and the title is believed to be performance of the covenants, terms, Deed of Trust of even date securing the time, at the southwest door, the Adams been declared due and payable; and good, but the undersigned will sell and and conditions of a Deed of Trust Note same, recorded January 20, 2009, at Avenue entrance of the Shelby County that an agent of Wilson & Associates, convey only as Substitute Trustee. The dated February 28, 2007, and the Deed Book T1849, Page 622 in Office of the Courthouse, Memphis, Tennessee, P.L.L.C., as Successor Trustee, by virtue right is reserved to adjourn the day of of Trust of even date securing the same, Register of Deeds for Madison County, conducted by Shapiro & Kirsch, LLP of the power, duty, and authority vested the sale to another day, time, and place recorded March 5, 2007, at Book T1791, Tennessee, executed by Marcus Lyles Substitute Trustee, pursuant to Deed in and imposed upon said Successor certain without further publication, upon Page 1048 in Office of the Register of and Twanna Lyles, conveying certain of Trust executed by Carlos R. Dease Trustee will, on November 27, 2013 announcement at the time and place for Deeds for Madison County, Tennessee, property therein described to Sheila and Susan Dease, his wife, to H. Ray on or about 10:00 A.M., at the Tipton the sale set forth above. Priority Trustee executed by Stephen Donahue and B. Stevenson as Trustee for Mortgage Beliles, Trustee, on January 17, 2001 at County Courthouse, Covington, Ten‑ Services of TN, LLC 1587 Northeast Wenderlin Donahue, conveying certain Electronic Registration Systems, Inc., Instrument No. KU9163; all of record in nessee, offer for sale certain property Expressway Atlanta, GA 30329 404- property therein described to Teel, as nominee for American Financial the Shelby County Register’s Office. hereinafter described to the highest McCormack & Maroney as Trustee for Resources, Inc., its successors and Party entitled to enforce security in- bidder FOR certified funds paid at the Mortgage Electronic Registration Sys- assigns; and the undersigned, Wilson terest: PNC Bank, National Association, conclusion of the sale, or credit bid tems, Inc., as nominee for Ameritrust & Associates, P.L.L.C., having been its successors and assigns from a bank or other lending entity pre- The Memphis News Mortgage Company, its successors and appointed Successor Trustee. The following real estate located in approved by the successor trustee. The assigns; and the undersigned, Wilson NOW, THEREFORE, notice is hereby Shelby County, Tennessee, will be sold sale is free from all exemptions, which Call 683-NEWS & Associates, P.L.L.C., having been given that the entire indebtedness has to the highest call bidder subject to all are expressly waived in the Deed of appointed Successor Trustee. been declared due and payable; and unpaid taxes, prior liens and encum- Trust, said property being real estate www.thememphisnews.com November 15-21, 2013 29 www.thememphisnews.com November 15 - 21, 2013 29

public notices situated in Tipton County, Tennessee, County Courthouse, Covington, Ten‑ from a bank or other lending entity pre- property therein described to Griffin, Related Info and being more particularly described nessee, offer for sale certain property approved by the successor trustee. The Clift & Everton as Trustee for Mortgage as follows: hereinafter described to the highest sale is free from all exemptions, which Electronic Registration Systems, Inc., Also read our daily edition, The Daily Land situated in Tipton County, Ten‑ bidder FOR certified funds paid at the are expressly waived in the Deed of as nominee for Fremont Investment & News, in print or online every business nessee: conclusion of the sale, or credit bid Trust, said property being real estate Loan, its successors and assigns.; and day for public notices for Memphis & Lot 5, Harris Subdivision, as shown from a bank or other lending entity pre- situated in Tipton County, Tennessee, the undersigned, Wilson & Associates, Shelby County. on Plat of record in Deed Book 56, approved by the successor trustee. The and being more particularly described P.L.L.C., having been appointed Suc- Go to www.memphisdailynews.com or Page 403, in the Register’s Office sale is free from all exemptions, which as follows: cessor Trustee. call 683.NEWS for more information. of Tipton County, Tennessee, and are expressly waived in the Deed of Description of Lot 6 of Reed Subdivi‑ NOW, THEREFORE, notice is hereby being more particularly described Trust, said property being real estate sion and being a part of the Guy Reed given that the entire indebtedness has as follows: situated in Tipton County, Tennessee, property as recorded in Deed Book been declared due and payable; and Beginning at a point in the East right and being more particularly described 548, Page 394 Tract No. 2, said that an agent of Wilson & Associates, of way line of Maple Street (having a as follows: property being located on the West P.L.L.C., as Successor Trustee, by virtue 60.0 foot right of way) in the Town Being Lot No. 32 of Territown un‑ side of Reed Lake Road and situated in of the power, duty, and authority vested of Covington, Tennessee, said point recorded Subdivision and thus de‑ the 6th Civil District of Tipton County, in and imposed upon said Successor Trust, said property being real estate being the Northwest corner of Lot 5 scribed: Beginning at an iron stake Tennessee, being more particularly Trustee will, on December 11, 2013 situated in Tipton County, Tennessee, belonging to L.D. Elliston also being the Northeast corner of lot described, described as follows: on or about 10:00 A.M., at the Tipton and being more particularly described the Southwest corner of Lot 7 be‑ said stake being South 89.25 degrees Beginning at a found iron pipe be‑ County Courthouse, Covington, Ten‑ as follows: longing to R.L Petty, from said point West 351.5 feet South 01.5 degrees ing the Northeast corner of Lot 6 of nessee, offer for sale certain property Described property in Tipton County, Northwestwardly along the North line East 60 feet from the Northeast Reed Subdivision and being a part of hereinafter described to the highest Tennessee being Lot 46 of Rolling of Lot 5, also being the South line of corner of the Jon Strong 15.77 acre the Guy Reed property as recorded bidder FOR certified funds paid at the Oaks Subdivision, Section B, Plat Lot, North 89 degrees 35 minutes 49 tract of which this survey is a part, in Deed Book 548 Page 394, Tract conclusion of the sale, or credit bid Cabinet B, Slide 87, in the Tipton seconds East, 225.27 feet to a fence said stake being the Northwest cor‑ No 2, said iron being located on the from a bank or other lending entity pre- County Register’s Office. Said Lot post being the Northeast corner of Lot ner of Lot No. 30 and in the South West row of Reed Lake Road having approved by the successor trustee. The being located on the West side of 5, also being the Southeast corner of line of Dawn Drive, a 60 foot street; a total row of 60 feet; thence in a sale is free from all exemptions, which Rolling Oaks Drive and situated in Lot 7; thence Southeastwardly along thence with the West line of Lot No. Southwestwardly direction, along are expressly waived in the Deed of the 6th Civil District of Tipton County, the East line of Lot 5, also being the 30 South 01.5 degrees East 134 the East line of Lot 6 and said row Trust, said property being real estate Tennessee. West line of North Tipton Street (hav‑ feet to an iron stake, the Northwest line, South 02 degrees 00 minutes 00 situated in Tipton County, Tennessee, Beginning at a found iron post in the ing a 30.0 foot right of way), South corner of Lot No. 28 and the Northeast seconds West, a called and measured and being more particularly described West right of way line of Rolling Oaks 01 degrees 12 minutes 08 seconds corner of Lot No. 33; thence with the distance of 198.00 feet to a set iron as follows: Drive (60 foot right of way) being the East, 73.33 feet to an iron pin being North line of Lot No. 33, South 89.25 post being the Southeast corner of Lot Lot 26, Section C, Faulkner Heights North corner of Lot 46 and the South‑ in the Southeast corner of Lot 5, also degrees West 151.5 feet to an iron 6 and the Northeast corner of Lot 5 Subdivision, as shown on plat of east corner of Lot 45 of Rolling Oaks being the Northeast corner of Lot stake, the Northwest corner of Lot of Reed Subdivision and being a part record in Cabinet B, Slides 166 and Subdivision, Section B, Plat Cabinet 3 of the Harris Subdivision; thence No. 33 and in the East line of a 50 of the Guy Reed property as recorded 167A, in the Register’s Office of B, Slide 87; thence Southwestwardly Southeastwardly along the South line foot street; thence with the East line in Deed Book 548, Page 394, Tract Tipton County, Tennessee, to which along the West right of way line of of Lot 5, also being the North line of of said street, North 01.5 degrees No. 1; thence in a Northwestwardly plat reference is hereby made for a Rolling Oaks Drive and the East line of Lot 3, North 89 degrees 35 minutes West 134 feet to an iron stake the direction, along the South line of Lot more particular description of said Lot 46, South 13 degrees 41 minutes 49 seconds West, 225.27 feet to Northwest corner of Lot described, 6 and the North line of Lot 5, North property. 57 seconds West, a distance called an iron pin being in the East right of and in the South line of Dawn Drive; 86 degrees 40 minutes 00 seconds ALSO KNOWN AS: 253 Faulkner 150.00 feet, but measured 150.15 way line of North Maple Street, also thence with the South line of Dawn West, a called and measured dis‑ Heights Drive, Atoka, Tennessee feet to a found iron post In the West being the Southwest corner of Lot 5 Drive North 89.25 degrees East 151.5 tance of 220.00 feet to a set iron 38004‑6857 right of way line of Rolling Oaks Drive and the Northwest corner of Lot 3; feet to the beginning. being the Southwest corner of Lot This sale is subject to all matters being the Southeast corner of Lot 46 thence Northwestwardly along the ALSO KNOWN AS: 195 Dawn Lane, 6, the Northwest Corner of Lot 5, shown on any applicable recorded plat; and the Northeast corner of Lot 47; East right of way line of North Maple Brighton, Tennessee 38011 also being in an East line of Lot 302 any unpaid taxes; any restrictive cov- thence Northwestwardly along the Street, also being the West line of This sale is subject to all matters of Reed Subdivision, as recorded in enants, easements, or setback lines South line of Lot of 46 and the North Lot 5, North 01 degrees 12 minutes shown on any applicable recorded plat; Plat Book 2, Page 57A; thence in a that may be applicable; any statutory line of Lot 47, North 76 degrees 16 08 seconds West, 73.3 feet to the any unpaid taxes; any restrictive cov- Northeastwardly direction along the rights of redemption of any governmental minutes 25 seconds West, passing point of beginning. enants, easements, or setback lines West line of Lot 6 and the East line agency, state or federal; any prior liens through a found iron post on line at ALSO KNOWN AS: 414 North Ma‑ that may be applicable; any statutory of Lot 302 and Lot 303, North 02 or encumbrances as well as any priority 254.47 feet, but in all a distance ple Street, Covington, Tennessee rights of redemption of any governmental degrees 00 minutes 00 seconds East, created by a fixture filing; and to any called and measured 293.61 feet to 38019 agency, state or federal; any prior liens a called and measured distance of matter that an accurate survey of the a point in the center of Cane Creek This sale is subject to all matters or encumbrances as well as any priority 198.00 feet to a set iron post being premises might disclose. In addition, the and being the Southwest corner of shown on any applicable recorded plat; created by a fixture filing; and to any Northwest corner of Lot 6; thence in following parties may claim an interest Lot 46 and the Northwest corner any unpaid taxes; any restrictive cov- matter that an accurate survey of the Southeastwardly direction, along the in the above-referenced property: Carol of Lot 47; thence Northwestwardly enants, easements, or setback lines premises might disclose. In addition, the North line of Lot 6 South 86 degrees Smith; Michael K. Smith; Carol Smith; along the centerline of Cane Creek that may be applicable; any statutory following parties may claim an interest in 40 minutes 00 seconds East, a called Michael K. Smith; Michael K. Smith and the West line of Lot 46, North rights of redemption of any governmental the above-referenced property: Donielle and measured distance of 220.00 feet The sale held pursuant to this Notice 20 degrees 29 minutes 57 seconds agency, state or federal; any prior liens Dennis to the point of beginning and contain‑ may be rescinded at the Successor West a distance called and measured or encumbrances as well as any priority The sale held pursuant to this Notice ing 1.00 acres more or less. Trustee’s option at any time. The right 102.67 feet to an angle point in said created by a fixture filing; and to any may be rescinded at the Successor ALSO KNOWN AS: 1092 and 1094 is reserved to adjourn the day of the Creek; thence continuing along the matter that an accurate survey of the Trustee’s option at any time. The right Reed Circle, Drummonds, Tennes‑ sale to another day, time, and place centerline of said Creek and the West premises might disclose. In addition, the is reserved to adjourn the day of the see 38023 certain without further publication, upon line of Lot 46, North 17 degrees 21 following parties may claim an interest in sale to another day, time, and place This sale is subject to all matters announcement at the time and place minutes 16 seconds West, a distance the above-referenced property: George certain without further publication, upon shown on any applicable recorded plat; for the sale set forth above. W&A No. called and measured 76.29 feet to David Walk, III announcement at the time and place any unpaid taxes; any restrictive cov- 1286‑222366 a point in the center of Cane Creek The sale held pursuant to this Notice for the sale set forth above. W&A No. enants, easements, or setback lines DATED November 11, 2013 being the Northwest corner of Lot 46 may be rescinded at the Successor 1286‑239988 that may be applicable; any statutory WILSON & ASSOCIATES, P.L.L.C., and the Southwest corner of Lot 45; Trustee’s option at any time. The right DATED October 23, 2013 rights of redemption of any governmental Successor Trustee thence Southeastwardly along the is reserved to adjourn the day of the WILSON & ASSOCIATES, P.L.L.C., agency, state or federal; any prior liens FOR SALE INFORMATION, VISIT WWW. North line of Lot 46 and the South sale to another day, time, and place Successor Trustee or encumbrances as well as any priority MYFIR.COM and WWW.REALTYTRAC. line of Lot 45, South 76 degrees 15 certain without further publication, upon FOR SALE INFORMATION, VISIT WWW. created by a fixture filing; and to any COM minutes 43 seconds East, passing announcement at the time and place MYFIR.COM and WWW.REALTYTRAC. matter that an accurate survey of the Nov. 15, 22, 29, 2013 Fin11656 through a found iron post on line for the sale set forth above. W&A No. COM premises might disclose. In addition, the at 38.04 feet, but in all a distance 700‑240116 Nov. 1, 8, 15, 2013 Fin11650 following parties may claim an interest in NOTICE OF TRUSTEE’S SALE called and measured 390.67 feet to DATED October 25, 2013 the above-referenced property: Samuel WHEREAS, default has occurred in the the point of beginning. WILSON & ASSOCIATES, P.L.L.C., NOTICE OF TRUSTEE’S SALE Wesley Ashcraft; James M. Ashcraft; performance of the covenants, terms, ALSO KNOWN AS: 117 Rolling Oaks Successor Trustee WHEREAS, default has occurred in the Estate of Samuel Wesley Ashcraft; and conditions of a Deed of Trust Note Drive, Munford, Tennessee 38058‑ FOR SALE INFORMATION, VISIT WWW. performance of the covenants, terms, Heir(s) of Samuel Wesley Ashcraft, if dated April 30, 2013, and the Deed of 4431 MYFIR.COM and WWW.REALTYTRAC. and conditions of a Deed of Trust Note any Trust of even date securing the same, This sale is subject to all matters COM dated June 6, 2011, and the Deed of The sale held pursuant to this Notice recorded May 2, 2013, at Book 1588, shown on any applicable recorded plat; Nov. 1, 8, 15, 2013 Fin11649 Trust of even date securing the same, may be rescinded at the Successor Page 634 in Office of the Register of any unpaid taxes; any restrictive cov- recorded June 15, 2011, at Book 1516, Trustee’s option at any time. The right Deeds for Tipton County, Tennessee, enants, easements, or setback lines NOTICE OF TRUSTEE’S SALE Page 621 in Office of the Register of is reserved to adjourn the day of the executed by Racheal Belcher, conveying that may be applicable; any statutory WHEREAS, default has occurred in the Deeds for Tipton County, Tennessee, sale to another day, time, and place certain property therein described to rights of redemption of any governmental performance of the covenants, terms, executed by Samuel Wesley Ashcraft certain without further publication, upon Charles M. Ennis as Trustee for Mortgage agency, state or federal; any prior liens and conditions of a Deed of Trust Note and James M. Ashcraft, conveying announcement at the time and place Electronic Registration Systems, Inc. as or encumbrances as well as any priority dated June 15, 2012, and the Deed of certain property therein described to for the sale set forth above. W&A No. nominee for Patriot Bank, its succes- created by a fixture filing; and to any Trust of even date securing the same, Glenn Balletto as Trustee for Mortgage 902‑236907 sors and assigns; and the undersigned, matter that an accurate survey of the recorded June 19, 2012, at Book 1554, Electronic Registration Systems, Inc., as DATED October 29, 2013 Wilson & Associates, P.L.L.C., having premises might disclose. In addition, the Page 364 in Office of the Register of nominee for Mortgage Investors Corpora- WILSON & ASSOCIATES, P.L.L.C., been appointed Successor Trustee. following parties may claim an interest in Deeds for Tipton County, Tennessee, tion, its successors and assigns; and Successor Trustee NOW, THEREFORE, notice is hereby the above-referenced property: Racheal executed by Donielle Dennis, conveying the undersigned, Wilson & Associates, FOR SALE INFORMATION, VISIT WWW. given that the entire indebtedness has Belcher certain property therein described to P.L.L.C., having been appointed Suc- MYFIR.COM and WWW.REALTYTRAC. been declared due and payable; and The sale held pursuant to this Notice Charles M. Ennis as Trustee for Mortgage cessor Trustee. COM that an agent of Wilson & Associates, may be rescinded at the Successor Electronic Registration Systems, Inc. as NOW, THEREFORE, notice is hereby Nov. 8, 15, 22, 2013 Fin11654 P.L.L.C., as Successor Trustee, by virtue Trustee’s option at any time. The right nominee for Patriot Bank, its succes- given that the entire indebtedness has of the power, duty, and authority vested is reserved to adjourn the day of the sors and assigns; and the undersigned, been declared due and payable; and NOTICE OF TRUSTEE’S SALE in and imposed upon said Successor sale to another day, time, and place Wilson & Associates, P.L.L.C., having that an agent of Wilson & Associates, WHEREAS, default has occurred in the Trustee will, on December 11, 2013 certain without further publication, upon been appointed Successor Trustee. P.L.L.C., as Successor Trustee, by virtue performance of the covenants, terms, on or about 10:00 A.M., at the Tipton announcement at the time and place NOW, THEREFORE, notice is hereby of the power, duty, and authority vested and conditions of a Deed of Trust Note County Courthouse, Covington, Ten‑ for the sale set forth above. W&A No. given that the entire indebtedness has in and imposed upon said Successor dated July 21, 2006, and the Deed of nessee, offer for sale certain property 1286‑240407 been declared due and payable; and Trustee will, on December 11, 2013 Trust of even date securing the same, hereinafter described to the highest DATED November 8, 2013 that an agent of Wilson & Associates, on or about 10:00 A.M., at the Tipton recorded August 4, 2006, at Book 1291, bidder FOR certified funds paid at the WILSON & ASSOCIATES, P.L.L.C., P.L.L.C., as Successor Trustee, by virtue County Courthouse, Covington, Ten‑ Page 88 in Office of the Register of conclusion of the sale, or credit bid Successor Trustee of the power, duty, and authority vested nessee, offer for sale certain property Deeds for Tipton County, Tennessee, from a bank or other lending entity pre- FOR SALE INFORMATION, VISIT WWW. in and imposed upon said Successor hereinafter described to the highest executed by Carol Smith Michael K. approved by the successor trustee. The MYFIR.COM and WWW.REALTYTRAC. Trustee will, on November 27, 2013 bidder FOR certified funds paid at the Smith Carol Smith Michael K. Smith sale is free from all exemptions, which COM on or about 10:00 A.M., at the Tipton conclusion of the sale, or credit bid and Michael K. Smith, conveying certain are expressly waived in the Deed of Nov. 15, 22, 29, 2013 Fin11659 30 November 15-21, 2013 www.thememphisnews.com

opinion Leadership Change Five Ways To Tick Off Google

Google holds the title of world’s most providing enough content to earn Google’s Needed At MATA powerful search engine with comScore attention and providing so much content reporting an estimated 13 billion searches that users struggle to navigate your in July of this year compared to the next site. t’s a coincidence that this Hudson indicated he wanted to largest competitor, Bing, with 3.5 million. Avoid duplicate con- week's cover story is on stay until 2011 and then retire. We It’s no wonder why businesses of all sizes tent. If the search gi- leadership, as word came hope that in the two intervening are allocating significant financial and labor ant determines your of the planned retirement years City Hall has gathered some resources toward improving their Google site carries content at year's end of William ideas about a successor to Hudson search rankings, a practice called search found elsewhere, Hudson, president of the and will move as quickly as possible engine optimization, or SEO. your ranking will MemphisI Area Transit Authority. to put in place new leadership, local There are above-board strategies for im- suffer. For 20 years, Hudson has led the or otherwise – not leadership that is proving your search ranking and there are Don’t add city’s public transportation system and connected in any way to the existing underhanded strategies. Violate Google’s behind-the- Lori turner- it has been a rough 20 years of chang- day-to-day operation of the transit wilson guidelines and the penalties can be swift scenes keywords ing trends, a local ridership in which authority. guerrilla sales and severe. A couple of years ago, Over- that are unre- and marketing close to 90 percent of the regular riders There are more than enough stud- stock.com was penalized by Google for lated to your have no car and no other way to get ies about a better way to run the buses offering discounts to students in exchange content. While keywords aren’t as important to work. And most important in those and get Memphians where they need for providing links to its site on their school to Google as they used to be, the search 20 years, the system has become a to be and be there without waiting websites. Search Engine Watch reported the engine will ding you if you include keywords patchwork of additions and subtrac- longer for the buses to take them there brand saw Web traffic drop 32 percent for that aren’t related to your site or if you tions built atop a framework that once and home than they actually spend at several months after the infraction. repeat the same keyword multiple times to worked but now no longer does and work. Remember that Google’s objective is to trick the system. no longer makes much sense. MATA needs more than the transit ensure its users quickly find quality content Avoid title stacking and hidden text. Adding Change at MATA is long overdue authority's first attempt at the bus and relevant ads. Focus on building the best multiple title tags to a page won’t win you and the next leader will not have the rapid transit concept – the Poplar luxury of blowing up the system and Express route that was cancelled after website for your targeted customers and any friends at Google; one title per page is starting all over. It's not that simple. less than a year in which it was one of you’re in good shape. “Game” the system preferred. Equally distasteful is any attempt The system has to continue to the best-kept secrets at MATA. and you’re apt to eventually lose. Steer clear to hide keywords by making the font the operate for the men and women who The Whitehaven Flyer is about a of these punishable offenses or risk signifi- same color as the background color on your simply have no other alternative. That month old and is the equivalent of cant reductions in your brand’s rankings. page. doesn't mean it can't work better for breaking the sound barrier for MATA: Take a lesson from Overstock.com and Be sure you’re not dismissing social media them and also draw those who do have Downtown to in a half hour. never purchase or otherwise financially as a search strategy. If your brand is absent alternatives but might choose to ride And that's without the signalization reward inbound links to your site. It’s an from social media, it’s not likely to rank as the bus if the system of numbers and to come on Elvis Presley Boulevard underhanded strategy that drives unquali- highly. Google looks to social sites, Google+ routes made sense. that should improve the inbound and fied traffic likely not at all interested in what in particular, to determine your brand’s Memphis must have a mass transit outbound times even more. your brand offers. authority and credibility. system that works. Our recent test ride of the Flyer Avoid irrelevant or flimsy content. If you Lori Turner-Wilson is an award-winning This is work that is long overdue. shows too few riders and signs of dying post superfluous content that is unrelated columnist and CEO/Founder of RedRover, a Memphis Mayor A C Wharton Jr. has a similar death because it is just not to your business in an attempt to drive mass sales training and marketing firm based in had a chance since taking office in being promoted. traffic, Google will notice. Similarly, if your Memphis, Tennessee, www.redrovercompany. late 2009 to make more appointments Whether its leadership is local or Web pages have too little content, Google com. You can follow RedRover on Twitter to the MATA board that could have the result of a national search, MATA won’t find your brand to have subject mat- (@redrovercompany and @loriturner) and started the reforms there much sooner. needs change and it needs it now. ter expertise. Strive for a balance between Facebook (facebook.com/redrovercompany).

There Might Be Bumps, But We’ll Get There

the cab driver, gave him our time frame, side and onto the shoulder to emerge exclamation. Nora didn’t say anything. and promised it as a bonus if we made ahead of the curve. You can’t imagine Not for a long time. it. That was when a $20 was serious what that many horns sound like. Point is, we got there. It was ugly and money. There was a lot of whimpering from scary and seemingly impossible, but we He launched. I thought the G force the back seat. From me, not Nora. got there. Despite the suits with brief- would break Nora’s water. He took the And now comes my favorite part. cases and their own diversionary tactics. MEMPHASIS dan conaway corner over a curb, sped halfway down Almost to the airport, five lanes became Despite the obstruction, roadblocks and a one-way block – the wrong way – and a parking lot. Undaunted, Evel Knievel angry traffic jams. Despite bad planning, IT’S NOT THE RIDE. IT’S THE DESTI- – stopped. He picked up two suits with turned on his emergency flasher and the bad faith of critics and bad actors NATION. briefcases and delivered them to a hotel started making his way from the far everywhere. The guy driving this thing is from four blocks away, and then re-launched left lane to the far right lane, perpen- Where we’re going is too important Chicago. And the way they get places in us onto the Eisenhower Expressway. dicular to the traffic, oblivious to the to the health of Memphis, rich in spirit Chicago isn’t pretty. What happened next is a blur, not creative suggestions and commentary but poor in fact, too important to the Calling the Obamacare website because I can’t remember it, it was being shouted at him. From the cars, millions upon millions of Americans who wreck “a bump in the road” is like calling, just a blur. not us. We were silent at this point. have nowhere else to go. We have to get well, like calling the ride I’m about to When the traffic snarled, he pulled Speechless, actually. there. I’m a Memphian, and Affordable describe as bumpy. into two lanes of construction, dodg- Reaching the far right, he kept going. Care is both destination and destiny. We were in Chicago and running late. ing traffic cones, piles of material, idle Right off the road. Right onto the grass. Nora was seven-plus months pregnant, machines and the occasional terrified Right down the embankment to a clearer Dan Conaway is a lifelong Mem- roughly the size and disposition of the worker, to emerge on the other side approach road 40 feet below us. phian, longtime adman and aspir- Bears offensive line, and running hot. We of the snarl. He cut off a long curve by “Holy s - - t,” I said as we pulled up to ing local character in a city known for had to make it from Lake Shore Drive to blowing up an exit, through the light at the terminal and blew the escape hatch, them. Reach him at dan@wakesome- O’Hare in record time. I flashed a $20 at the top, and down the ramp on the other more as a prayer of deliverance than bodyup.com. www.thememphisnews.com November 15-21, 2013 31

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Also Makes a Fun & Unique Gift 32 November 15-21, 2013 www.thememphisnews.com

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READING DU

Art & Book Sale SHU  Preview Party OHH Benefi ting Literacy Mid-South Unique works of art inspired by local artists' favorite book More than 3500 new books for sale under $5 ANNOUNCEMENT OF THE 2014 BOOK OF CHOICE December 13th 6:00 p.m.-10:00 p.m. Germantown Community Theatre Tickets $25 online/$35 at the door OPEN BAR, HORS D'OEUVRES, & MUSICAL ENTERTAINMENT [ART & BOOK SALE OPENS TO THE PUBLIC DEC. 14TH AT 9AM] Purchase tickets online at www.literacymidsouth.org sponsored by BAKER DONELSON BEARMAN, CALDWELL & BERKOWITZ, PC