April 28-May 4, 2012, Vol. 5, Issue 18
special emphasis: LOGISTICS destination unknown Special coverage on logistics, from questions surrounding the arrival of Southwest Airlines to problems branding the aerotropolis concept Page 16
gather at the river Beale Street Landing and the American Queen set up shop on the Mississippi PAGE 22
Photo: Lance Murphey The American Queen Steamboat arrived at Memphis for the first time on April 26. The 418-foot long, 89-foot wide steamboat has four levels for 436 passengers that will travel up and down the Mississippi River, with stops in Memphis that will deliver hundreds of tourists each week.
24-25 Sports The Memphis Grizzlies begin their postseason Sunday, April 29, against the Los Angeles Clippers. Reporter Don Wade assesses the keys for the team making a deep run and bringing playoff fever back to Memphis.
weekly digest: page 2 Small Business: page 6 real estate: pages 28-29 law talk: page 30 EDITORIAL: page 38
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Brother International reported a “very large pipeline” of new loan relationships. PLLC, the law practice he founded in 1998 business. The third loan, also a first-mortgage with current Memphis City Councilman Earns Energy Star Rating refinancing, was secured through Finan- Jim Strickland. Their law practice, which The Brother International plant got a star cial Federal’s Wood and Van Hoozer for also includes Kustoff’s wife, Roberta Nevil Thursday, April 26. $3 million. The property, 128-unit Park Kustoff, handles estate planning and probate The Bartlett facility, which is the U.S. Financial Federal Secures Tower Apartments in Memphis, is a mid-rise matters, collections, family law, personal headquarters for the company, earned an Three CRE Mortgages apartment complex built in 1957, and is 93 injury and litigation. Energy Star from federal officials for the percent occupied. Wood and Van Hoozer The Kustoffs are the parents of two chil- energy efficiency of the 1.6 million-square- Memphis-based Financial Federal re- arranged the refinancing with a 10-year loan dren, Maggie and Jake. foot facility. cently brokered three significant mortgage and a 25-year amortization schedule, also The designation is for meeting the high- negotiations, including $9.5 million in through one of Financial Federal’s insurance est energy efficiency standards set by federal first-mortgage refinancing and $6 million company relationships. regulators. in first-mortgage proceeds in Memphis Baptist $50K Donation The Bartlett plant accounts for 50 per- and Jackson, Miss. Rick Wood and Jon Van Helps Agape Program cent of the state’s square footage with the Hoozer of Financial Federal’s Memphis of- Energy Star designation. fice arranged all three loans. Hoop City Memphis to Sell Baptist Memorial Health Care Corp. has Wood and Van Hoozer arranged the first Playoff Design T-Shirt donated $25,000 to Agape Child & Family – a $6.5 million first-mortgage refinancing Services’ Families in Transition (FIT) Pro- for the 110,500-square-foot Electric Building A new T-shirt company called Hoop gram – the second installment of a $50,000 Triumph Bank Reports in Downtown Jackson – as a 10-year loan City Memphis has been started by Ian Lem- total donation to the growing program. First-Quarter Profit with a 24-year amortization schedule. The monds and Leslie Skelton, promoting one Agape Child & Family Services, a Chris- Electric Building is a mixed-use structure of the city’s most cherished brands – the tian-based nonprofit organization, pro- Triumph Bank had a smaller profit in with first-floor retail, six floors of office space Memphis Grizzlies. vides children and families in the region the first quarter than it did during the same and multifamily space on the top two floors. Hoop City debuted its newest design with healthy homes through community period in 2011. However, part of that is at- Wood and Van Hoozer arranged the loan in support of its pro basketball program at restoration, homeless services, mentoring, tributable to the bank setting aside more in through one of their life insurance company South of Beale, 361 S. Main St., during the adoption, foster care, maternity services loan loss reserves to protect against future relationships. South Main Art Trolley Tour Friday, April 27. and counseling. Agape will serve more than economic uncertainty. For the second transaction – the ac- The T-shirt is $25 and reads, “This Is Mem- 10,000 children, adults and families this Triumph reported a Q1 profit of $382,000, quisition of a 750-space parking garage in phis. We Grind Here.” Giant player head cut year. down slightly from the $455,000 in Q1 2011. Downtown Memphis – Financial Federal outs will be available for sale as well. The organization’s FIT Program serves The bank saw a $20 million increase in secured $6 million in first-mortgage pro- The Grizzlies clinched their second homeless, parenting and pregnant women deposits during the quarter and a loan ceeds. The eight-story parking garage was straight playoff appearance with a 103-91 and their children by providing housing and growth net of reserve of a little less than $8 built in 2000. Wood and Van Hoozer ar- win over the New Orleans Hornets on April job skills training, while reconnecting them million. ranged the acquisition, a 10-year loan with a 18 at FedExForum. They will open against with their families. During their time at the In a Q1 note to shareholders, custom- 25-year amortization schedule, through one the Los Angeles Clippers on Sunday, April FIT campus, residents are required to save ers and friends of the bank, Triumph also of Financial Federal’s insurance company 29. 30 percent of their income to move toward Hoop City Memphis also offers non- financial independence. sports related merchandise – such as the For the last three years, the success rate Downtown Memphis “38103” or the “Mem- for women leaving the program and enter- phis Threat” design – through its website at ing into their own permanent home has HoopCityMemphis.com. To keep up with been 90 percent. Agape is the only agency in other events and promotions, follow Hoop Memphis exclusively serving the long-term City on Twitter @hoopcitymemphis and needs of homeless mothers and mothers-to- like them on Facebook atfacebook.com/ be. Because of the need in the community, HoopCityMemphis. Agape in recent years has more than tripled the serving capacity of the FIT program.
Kustoff Elected to Bank Tennessee Board School Board Preps For Merger Recommendations David Kustoff, the former U.S. attorney for the Western District of Tennessee, has The countywide school board has set been elected to the BankTennessee board up a committee to review recommenda- of directors. tions from the schools consolidation plan- After a few years as West Tennessee’s ning commission that will recommend the top federal prosecutor, Kustoff returned structure of the new consolidated school FOR THOSE YOU AMORE to private practice at Kustoff & Strickland system. Moms, dads, teachers and grads, everyone loves Carrabba’s Gift Cards. And now there’s more to love. Purchase $50 in Gift Cards and receive a $10 Amore Bonus Card.
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ContactBobMoore:901.485.0585– [email protected] Visit:www.vistage.com www.thememphisnews.com April 28-May 4, 2012 3
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Planning commission chairwoman about 250 in all, will continue operations. Program. Each participant will receive 45 she spent with Leadership to re-create its Barbara Prescott said the group is about a Region General Manager Doug Strickel hours of therapy and the program will cul- bookkeeping operation. month and a half from having a draft ready. says the company’s merger with Temple- minate in a public exhibition of participant The event begins with a reception in the Some of the planning commission’s com- Inland left it with excess capacity, particu- artwork, which will be on view at the Brooks Cannon Center lobby, 255 N. Main St., at 5:30 mittees began making recommendations larly in locations like Fort Smith where both for two months. p.m. The awards presentation begins at 7 to the full group last month. June 5 is the companies operated. Upon completion of the program, the p.m. in the auditorium. target date for the planning commission to Strickel said the company will provide Brooks will compile and disseminate its Three Leadership Memphis graduating vote on its draft. severance and other benefits to the employ- methods and findings worldwide, establish- classes also will be recognized: the Execu- The plan adopted by the group must be ees who will lose their jobs. ing a model for organizations that wish to tive Program Class of 2012, the FastTrack approved by the school board as well as state develop similar programs. Fall 2011 Class, and the FastTrack Spring education officials. 2012 Class. The start of the 2013-2014 school year is Leadership Memphis is the city’s oldest the date that the county’s two public school Brooks’ Therapy Program nonprofit leadership training organization, systems are merged. Awarded National Grant Leadership Memphis Names which seeks to build a great city by building Freda Williams will head the school Perry as Leader of Year great leaders. board committee, which will make its rec- Memphis Brooks Museum of Art, 1934 ommendations to the full board. Poplar Ave., has been selected by the Na- Leadership Memphis will hold its annual tional Endowment for the Arts to receive a Celebration and Awards Reception Tuesday, $44,000 grant to enhance and expand the May 1, at the Cannon Center for the Perform- Mueller Reports Lower museum’s Art Therapy Access program. ing Arts to honor the 2012 Leadership Mem- Net Income in Q1 International Paper Brooks Museum is one of 788 nonprofits phis graduating classes and to recognize To Close SW Ark. Plant nationwide to receive an NEA Art Works community leaders, including Memphis Mueller Industries Inc. reported $32.6 grant. The grants total $24.81 million and basketball icon Elliot Perry. million in net income for the first three A half-dozen jobs will be eliminated support the creation of art that meets the Perry will be given the Kate Gooch Leader months of 2012. when International Paper Co. closes one of highest standards of excellence, public of the Year Award for his work in promoting The earnings for the 13-week quarter its three operations in Fort Smith, Ark. engagement with diverse and excellent art, mentoring and his advocacy for education compared to $40.6 million in the 14-week Company spokeswoman Amy J. Sawyer lifelong learning in the arts, and the strength- throughout the community. first quarter of 2011. told the Southwest Times Record on Tuesday, ening of communities through the arts. Also receiving an annual leadership The Memphis-based company, which April 24, the jobs will be lost when the sheet Through its Art Therapy Access program, honor will be Stand for Children, grassroots makes copper tube and fittings, brass and plant operation ends production in mid- Brooks uses interactive group experiences education advocacy organization, which will copper parts, and valves and fittings used in June. Sawyer says employees at the plant as part of the therapeutic process for at-risk be honored as Leadership Memphis’ 2012 home and commercial residential construc- were told of the closing last week. individuals who’ve experienced some type Community Champion of the Year. tion also reported net sales of $577.7 million The plant produces specialty corrugated of trauma. Two licensed art therapists and In addition, Leadership Memphis will compared to 687.7 million the year before. packaging. museum educators will work with specialists recognize Eileen McGinley as the Alumnus Mueller executives attribute half of the Sawyer says the other two International from the VA Medical Center, Youth Villages of the Year. McGinley, an accounting firm drop in net sales to not having the extra Paper plants in Fort Smith, which employ and the Shelby County Relative Caregiver retiree, will be honored for the many hours week in the quarter that was there the year
No other Memphis-based CPA firm has a longer legacy of providing accounting, tax and advisory services to the Mid-South community.
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before. The rest was lower raw material Tom Lee Park Closes costs, which meant reduced selling price to For Memphis in May Prep FROM THE BLOG customers. The price of copper per pound was 61 cents lower than it was in the first Tom Lee Park closed to the public Mon- quarter of 2011. day, April 23, with limited access to recre- Mueller’s earning statements are also ational users of the park as the Memphis in Are Schools Really ‘Failing’ – a reflection of the construction and new May International Festival began setting up And Are They Being Reformed? housing markets. for a month of events there. Mueller CEO Greg Christopher said The first is the Beale Street Music Festi- Tuesday, April 24, the company is prepared val, May 4-6. Editor’s Note: “From the Blog” is a weekly feature that high- to ramp up production in a recovery. And Auto traffic on Riverside Drive will be lights some of the enterprising work our staff and contributors he cited a 30 percent increase in building diverted starting Saturday, April 28, with post on The Daily News blog, blog.memphisdailynews.com. permits for the first quarter for single-family two-way traffic in what are normally the homes and apartments compared to the first northbound lanes and the closing of the quarter of 2011. southbound lanes. ERIC BARNES | The Memphis News All auto traffic on Riverside will stop with the start of the month of activities. Also closing to vehicles will be Beale very interesting, cautionary opinion piece from American Hardaway Partners With Street from Wagner Place to Front Street and Wagner Place from Beale to Linden AJournalism Review about how the media covers schools: Methodist Univ. Hospital Avenue. http://www.ajr.org/Article.asp?id=5280. Former University of Memphis and NBA star Anfernee “Penny” Hardaway is partner- We’ve spent a lot of time covering the schools in recent ing with Methodist University Hospital to years in the paper and on the “Behind the Headlines” show on host a basketball court for kids. UTHSC Professor Honored Hardaway’s youth sports training pro- For Distinguished Practice WKNO. gram, Penny’s FastBreak Courts, is an operat- The reform efforts of Superintendent Kriner Cash, the Gates ing entity of Gameday Healthy Kids Founda- The American Pharmacists Association tion. It’s needed a reliable location, and it has named Dr. Vivian S. Loveless, associate Foundation efforts, the rise of charter schools and, of course, now has found one. An intramural gym on professor at the University of Tennessee the campus of Methodist University Hospital Health Science Center in Memphis, recipi- the pending consolidation of city and county schools, all have was used to serve nursing students whose ent of its 2012 APhA Academy of Pharmacy occupied a lot of space. For good reason, I think. dorms were in the same building, but now it Practice and Management William H. Bri- will host skills training led by Hardaway. ner Distinguished Achievement Award in After reading this, though, I’m frantically trying to think Hardaway, meanwhile, still plans to Nuclear Pharmacy Practice. about where, when and how often I’ve fallen into some of the break ground on Penny’s FastBreak Courts The APhA awards and honors program Sportsplex in the city later this year. That is the most comprehensive recognition easy lines described by Farhi. $20 million multi-sport facility will house program in the profession of pharmacy. seven basketball courts, including a 2,000- The American Pharmacists Association is Two items from the story that stuck out to me: seat arena, as well as a rehabilitation clinic a nonprofit representing more than 62,000 “The discussion [of the state of schools] is quite simplistic. and classrooms to tutor kids. In addition to practicing pharmacists, pharmaceutical basketball, FastBreak Courts will welcome scientists, student pharmacists, pharmacy I’m not sure why exactly. My suspicion is that the media has volleyball, wrestling, cheer and other indoor technicians and others interested in ad- trouble with complexity.” sports. vancing the profession. The organization, which is dedicated to helping all pharma- “In 2011, the percentage of parents who gave their children’s cists improve medication use and advance school an A grade was at its highest ever (37 percent), whereas patient care, is the first-established and Muni School District Bill largest association of pharmacists in the only 1 percent of respondents rated the nation’s schools that Goes to Conference United States. Loveless, an associate professor in the way. Why the disparity in perceived quality? Gallup asked An amended bill that would permit sub- Department of Pharmaceutical Sciences at people about that, too. Mostly, it was because people knew urban citizens to vote this year on forming the College of Pharmacy, was selected for her municipal school districts is on its way to leadership in the fields of nuclear pharmacy about their local schools through direct experience. They only a Tennessee Legislature conference com- and medicine, as well as sustained contri- learned about the state of education nationally through the mittee in the closing week of the legislative butions to the profession as a practitioner, session. educator and researcher. news media.” Tennessee House leaders appointed Loveless also serves as a clinical assistant three members to the joint House-Senate professor in the Department of Radiology, committee Monday, April 24, after again College of Medicine, and is a member of the refusing to accept the Senate-approved graduate faculty in the College of Graduate amendment on the referendums that was Health Sciences. She received a PharmD and added to a bill on school bullying. completed a nuclear pharmacy residency at Memphis Democrat Antonio Parkinson the UT College of Pharmacy. Board certified The Multi-Family is one of the House appointees along with in nuclear pharmacy, she is also a Fellow of Republican House Education Committee APhA. Family for over 50 years. chairman Richard Montgomery of Sevier- ville and Republican Gerald McCormick of For professional property management, call the Chattanooga. Senate leaders had not named their ap- Waterford Place Apts. Sells experts at Makowsky Ringel Greenberg, LLC. pointees at press time Tuesday. for $21.5 Million Meanwhile, Shelby County Commission- ers Monday, April 24, approved a resolution The 320-unit Waterford Place Apart- urging the legislature to not approve the ments in Southeast Shelby County has sold Contact Michael Greenberg proposal. for $21.5 million, $3 million more than an at 901.507.3429 or Members of the schools consolidation entity affiliated with special service lender Jimmy Ringel planning commission, which is drafting LNR Partners LLC paid for it at a May fore- Multi-Family & Commercial Real Estate the blueprint for the consolidated school closure sale. at 901.507.3421. www.MRGMemphis.com system to begin in August 2013, debated a WRT-Waterford Place LLC, an entity similar resolution this month but ultimately related to Boston-based real estate invest- voted it down. ment trust Winthrop Realty Trust, closed the www.thememphisnews.com April 28-May 4, 2012 5
Get news daily from The Daily News, www.memphisdailynews.com. weekly digest contributors APRIL 28-may 4, VOL. 5, NO. 18 deal April 11 for the Class A property at 8037 ally. Paterson, 57, has had years of experience Waterford Circle. in the paper business even before his stint at Built in 2001, Waterford Place is situated AbitibiBowater Inc. on 27.9 acres on the east side of Hacks Cross From 1987 to 2006, Paterson worked in President & CEO Road north of the street’s intersection with various executive and sales and marketing PETER SCHUTT Tenn. 385. The Shelby County Assessor of positions for Georgia-Pacific Corp., one of bill dries General Manager Emeritus Property, which lists the complex at 4280 the biggest U.S. makers of tissue, packaging, Senior Reporter ED RAINS Hacks Cross Road, appraised it in 2011 at paper and building products. Dries, from Memphis, has been a reporter for more than 30 years. His career stops include The Commercial Appeal, WHBQ Publisher $21.9 million. The stock has traded between 85 cents, AM, WREC AM and WLYX FM 89 way back in the 1970s! He now ERIC BARNES Winthrop Realty Trust is a publicly and a high of $4.73 last spring. covers legal issues and other news. traded REIT that operates in four business 528-5277 | [email protected] Associate Publisher & Executive Editor segments: operating properties, real estate JAMES OVERSTREET securities, loans and existing tenant-in- Managing Editor common interests. Baker Donelson Law Firm LANCE ALLAN WIEDOWER LNR Partners is a subsidiary of Miami- Elects New Shareholders Deputy Managing Editor based LNR Property LLC, the world’s largest ERIC SMITH commercial mortgage special servicer. Four attorneys in the Memphis office In the span of eight days, LNR Partners- of Baker, Donelson, Bearman, Caldwell & Senior Reporter related entities have disposed of three apart- Berkowitz PC have been elected sharehold- BILL DRIES ment complexes bought in foreclosure last ers. They are Adam Baldridge, Christopher Senior Reporter andy meek year. On April 5, the 252-unit Colonnade at Coats, Richard Mattern and Stacie Smith Senior Reporter ANDY MEEK Germantown was sold for $23.1 million; an Winkler. Meek, from Memphis, covers politics, the business community Reporter LNR affiliate bought it in December for $17.1 Baldridge focuses his practice on intel- and other news of general interest. He has won awards from the Tennessee Press Association and the Society of SARAH BAKER million. And on April 13, the 256-unit Villas lectual property litigation, including patent Professional Journalists. Reporter at Cordova was sold for $19.3 million; it was infringement, trademark infringement, 528-5279 | [email protected] AISLING MAKI bought in May for $14.2 million. unfair competition, trade secrets, copyright and right-of-publicity disputes. Coats con- Associate Editor centrates on estate planning, estate and trust KATE SIMONE administration, tax law and business law. Lead Pressman Verso Paper CEO Jackson Mattern focuses his practice on corpo- TOMMY COON rate governance, securities law and mergers To Retire in Mid-May Pressman and acquisitions. And Winkler concentrates ROBERT SHANNON Coated paper maker Verso Paper Corp. her practice on business and health care said Friday that its CEO Michael Jackson litigation. Pressman CEDRIC WALSH will retire in mid-May and be replaced by SARAH BAKER REPORTER Graphic Designer & Photo Editor the former CEO of newsprint maker Abitibi- Sarah Baker covers commercial and residential real estate, Bowater Inc. transportation and logistics. A native Memphian, she previ- BRAD JOHNSON ously worked for two regional magazines in Knoxville. The company said David Paterson will Graphic Designer & Illustrator 30-Year Mortgage 521-2464 | [email protected] take the role of CEO after the company an- Dips to 3.88 Percent EMILY MORROW nounces its first-quarter earnings May 14. Senior Production Assistant Jackson, 63, has been CEO of Memphis- The average rate on the 30-year fixed SANDY YOUNGBLOOD based Verso Paper since the company was mortgage has dipped to near its record low, formed in 2006 by affiliates of private equity keeping home-buying and refinancing af- Production Assistant firm Apollo Global Management LLC. The fordable. LAURIE BECK company was formed to buy out the coated Mortgage buyer Freddie Mac said Thurs- Administrative Specialist and supercalendered paper division of In- day, April 26, that the rate on the 30-year loan MARSHA PAYNE ternational Paper Co. dropped to 3.88 percent this week, down Senior Account Executive Verso Paper went public in 2008, just from 3.9 percent. In February, the rate hit AISLING MAKI JANICE JENKINS months before the financial crisis battered 3.87 percent, the lowest since long-term REPORTER Account Executive stock markets. Shares have never regained mortgages began in the 1950s. Aisling Maki covers health care, the nonprofit sector and small business. Her career has included newspaper and magazine ROBIN BENDER their levels of the spring of 2008, when the The 30-year loan is the most common writing, broadcast and new media. stock traded close to $9 a share. The stock financing option for home buyers. 528-8622 | [email protected] Advertising Director has been gradually sinking this year, and was The average on the 15-year fixed-rate DON FANCHER trading around $1 for much of 2012. mortgage, popular with homeowners who Business Development Manager Verso Paper makes the kind of glossy are refinancing, dipped to 3.12 percent, PATRICIA McKINNEY paper used in catalogs and magazines. The down from 3.13 percent last week. The Marketing Manager company has nearly 3,000 employees and national average hit an all-time low of 3.11 DONNA WAGGENER makes about 1.8 million tons of paper annu- percent two weeks ago. Controller PAM MALLETT
To reach our editorial department, e-mail: Call for an appointment today! JONATHAN DEVIN [email protected] ARTS WRITER or call: 901-523-1561 Jonathan Devin is a full-time freelance writer covering the arts, business, and life in the Mid-South. He is a singer, actor, 901.685.5008 Published by: instrumentalist, painter, poet, and playwright. THE DAILY NEWS PUBLISHING CO. 528-8625 | [email protected] 193 Jefferson Avenue A Patient’s View: Memphis, TN 38103 P.O. Box 3663 “I’ve had a lot of dentists before (I’ve lived in a lot Memphis, TN 38173-0663 of places), and I’ve had dentists whose work is Tel: 901.523.1561 Fax: 901.526.5813 definitely shoddy. Finding a good service provider is www.memphisdailynews.com
hard. It’s a lot like finding a good hair stylist/barber; The Daily News is a general interest once you find someone, you stick with them.” newspaper covering business, law, government, and real estate and I highly recommend Dr. Castle. His work is top notch development throughout the Memphis and he is extremely nice; he’s definitely not one of metropolitan area. those uppity, crusty doctor types!” - Paul C. The Daily News, the successor of the Daily LANCE MURPHEY Record, The Daily Court Reporter, and The PHOTOGRAPHER Daily Court News, was founded in 1886. William N. Castle, D.D.S. Lance Murphey is an award-winning photographer and film- AUDIT PENDING general dentistry maker. He has 20 years of experience including The Commercial Appeal, The Naples (Fla.) Daily News, the 79 n. cooper (in midtown) • memphis, tn 38104 Associated Press, The New York Times and Bloomberg. [email protected] 6 April 28-May 4, 2012 www.thememphisnews.com
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COMMUNITY A Well-Rounded Life Former star football player Herschel Walker shares stories of his success on and off the gridiron
ANDY MEEK | The Memphis News
o describe Herschel Walker’s life as the Lipscomb Pitts Breakfast Club and ing his years playing with the Philadelphia remarkable somehow seems like The Salvation Army, a beaming Walker Eagles, Walker got some chuckles when Ttoo weak of a superlative. was surrounded for 20 to 30 minutes he told the crowd, referring to unruly fans, Here’s an example found in his 2008 and accommodated just about everyone “They love to fight in Philly! autobiography “Breaking Free.” Walker who approached him with a camera, cell “I think that’s the only place I’ve ever describes his normal routine unfolding as phone and outstretched hand that wanted played that had a courtroom at the bottom he walked down the stairs of his suburban a greeting. In brief remarks Thursday of a stadium.” Dallas home and headed to his exercise night, he recalled a bit of wisdom he got Walker’s business interests include a area. from one of the most famous and beloved food service enterprise. He also was a con- “I got down on the floor and began my coaches he’s played for. testant on the second season of Trump’s usual routine,” he wrote. “2,500 sit-ups “Sometimes, we forget this world ain’t “Celebrity Apprentice.” Walker told the and 1,500 push-ups. I’d been following the all about us,” Walker said. “We keep God crowd he used to babysit Trump’s children same pattern for more than twenty-eight in the back trunk, like a spare tire. Coach Don and Ivanka. When Trump called to years, 365 days a year come rain or shine, (Tom) Landry used to say all the time, ‘I ask if he’d like to be on the show, Walker feast or famine, on the road or at home.” can take a good man and make him a great initially told him, “Let me think about it.” The now middle-aged Walker says he’s football player, but I can’t take a good foot- “But he doesn’t understand, ‘I’ll think in the best health he’s ever been in – de- ball player and make him a great man.’” about it,’” Walker told the crowd. spite claiming to eat only one meal a day Walker has pursued greatness in sports Before long, print ads were circulating and sleep a few hours each night. WALKER contests of all kinds. When he retired from depicting Walker as a contestant. So he The Heisman Trophy-winning running Photo: Courtesy of Creation Studios the NFL, he was one of the top running asked to see some tapes of the show – “and back at the University of Georgia – who and other passions. He shared with local backs with 8,225 yards and 61 rushing when I did I thought I had just made the had a stellar career in the now-defunct business and civic leaders what he believes touchdowns. He also caught 512 passes for biggest mistake of my life.” United States Football League and NFL a well-rounded life consists of and some 4,859 yards and 21 scores. Walker said when he saw the other – brought more of his incredible story to principles that are just as applicable to the His three-year USFL career saw him contestants involved, though, he told Memphis a few days ago. corner office as the gridiron. rush for another 5,562 yards for the New himself, “there’s no way I’m getting fired in Walker played for the Dallas Cowboys, And he posed for pictures. Lots of Jersey Generals, which at the time was the first round!” Minnesota Vikings, Philadelphia Eagles pictures. owned by Donald Trump. To a young man afterward who asked and New York Giants before retiring from Prior to a reception Thursday, April For the crowd at Thursday’s reception, him for a bit of life advice, Walker said, the NFL in 1997. He has spent the years 19, promoted jointly by Conway Ser- he was in good humor and shared memo- “Believe in yourself and be willing to work since then pursuing business interests vices & American Residential Services, ries seemingly as they came to him. Recall- hard.”
SMALL BUSINESS
a long history of beer brewing; we might be Craft Brewery on Tap for Edge District more famous for whisky. But we do have a long tradition of very earthy, local home- cooking, and there’s no reason that beer AISLING MAKI | The Memphis News Lee joins Brice Timmons, an attorney with put it in storage here in Memphis until he can’t fit into the same type of category.” Black McLaren Jones Ryland & Griffee PC; could find partners.” High Cotton’s goal is to produce small Ryan Staggs, an engineer with Memphis About a year ago, Timmons and Staggs, quantities of well-crafted beer that will be Light, Gas and Water Division; and Ross who were tentatively looking into opening distributed only to local bars and restau- new microbrewery has its sights Avery, a pilot with United Airlines. a brewery with some other potential inves- rants, primarily in Midtown and Down- set on Memphis’ Edge District for a “The beer business is hard to break tors, were introduced to Avery through town. Opening a fully stocked brewpub is ASeptember opening. into,” Timmons said. “Usually the hurdles Lee. When the trio decided to forge ahead a huge capital investment, so the partners High Cotton Brewing Co. – which its are legal hurdles, technological hurdles or with the project, they subsequently asked hope to instead take a cue from other cities partners say will be housed in a Monroe financial hurdles. We have kind of a bizarre Lee, who has more than three decades of and open a taproom, which would sell Avenue property, though a contract has yet array of partners that make this uniquely brewing experience, if he’d be willing to only High Cotton products and during lim- to be finalized – will join Boscos and Ghost possible. I’m an attorney; Ryan Staggs is join them in business. ited hours, allowing the business to have River Brewing in bringing locally crafted an expert in energy and water, which are They wanted a business moniker that a storefront and therefore build a strong, beers to the Memphis market. pretty much what you need to make beer. evoked southern imagery. Both Timmons tangible community presence. “We’re trying to formulate recipes that And Ross is the guy who pulled everybody and Avery grew up on rural cotton farms Timmons said breweries and ale- are very well-crafted and flavorful, and together and made it all possible.” just north of Memphis, while Lee’s father houses can play an important role in the more geared towards the craft drinker – Avery several years ago acquired a was in the cotton business, so the name sustainability of well-integrated, walkable that’s our goal,” said partner Mike Lee, complete operating brewing set-up from a High Cotton seemed like a perfect fit. neighborhoods. owner of Mid-South Malts, a homebrew small brewery that was closing. He showed “Most microbreweries eschew any sort “They generally encourage commu- shop at 741 N. White Station Road. “We up at the auction to find he was the only of regional affiliation in favor of just being nity,” Timmons said. “Establishments that anticipate being very customer-friendly. bidder. part of the global, or at least American, serve alcohol for years are sort of looked We want to craft beers that people really “He bought the stuff, having really no craft beer community,” Timmons said. “We on as things that a community needs to want to drink.” plan,” Timmons said. “He just threw the really wanted to do something that was be protected from; well, we view them as a Lee is one of five partners in High Cot- cash down on the table and said, ‘I’ll take more of a southern roots kind of craft beer way of building community. We want to be ton Brewing. In addition to a silent partner, it.’ He loaded it all up in the truck and movement. The South maybe doesn’t have part of that.” www.thememphisnews.com April 28-May 4, 2012 7
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government Gov. Properties in Need of Repair
$4 a square foot in this building.” County administration The HVAC system in the building building one of many featuring bench seat air conditioning units that line the walls are also not the most requiring renovation efficient use of space. “You can go around the perimeter of the building and see our air condition- | BILL DRIES The Memphis News ing,” Norville told commissioners in their committee room. “That eats up two feet on each wall of the building. When you remove all of that, it’s surprising. It adds he Shelby County Trustee’s office up to almost an entire floor of the building is out of the Vasco Smith County consumed by that air conditioning system TAdministration Building and in along the wall.” the county government building across Norville outlined plans for the renova- Second Street at 157 Poplar Ave. tion of the county building as well as a The last workers and their boxes were redundant air conditioning plan and loop moved the week before Easter. for five of the buildings that became a pri- “We’re all under one roof now. We do Photo: Lance Murphey ority when the Shelby County Courthouse have signs at our old location and signs at The Vasco Smith County Administration Building, far right, is in need of repairs. The chiller failed several years ago during the our new location,” Trustee David Lenoir building dates from the 1960s. worst of the summer heat. To keep the said of the switch, which affects not only courts up and running, lines to the court- employees but also citizens. “We went Building – that were constructed at about administrator of county support services. house were run from a temporary trailer from two floors, really one-and-a-half the same time as part of a civic center The plaza has finally been evened out parked outside the 100-year-old building. floors, in the old space to three-and-a-half plaza plan of the early 1960s. after years of barricades around the un- The chiller in the Criminal Justice Cen- floors over here.” When climatologist Iben Browning even concrete slabs now made even. ter was upgraded after a similar failure six The renovated building at 157 Poplar predicted Memphis would be hit by a “We have an inventory of buildings to seven years ago. is older than the county administration major earthquake on Dec. 3, 1990, then- that are old. The average age of our pri- “It’s the most efficient and it’s the new- building built in the mid-1960s. It was Shelby County Mayor Bill Morris famously mary office buildings is over 60 years old,” est,” Norville said as he acknowledged the the first site for some parts of county marked the passing of the predicted quake Norville said of the eight buildings under chiller and cooling tower in the courthouse government as city and county govern- time by telling a group of reporters, lo- support services maintenance. “In many of are close to running afoul of the building’s ment began to outgrow the Shelby County cal and national, at The Racquet Club of our buildings we are well beyond the use- designation on the National Register of Courthouse, which was the seat of both Memphis, “Now if you will excuse me, I am ful age and it’s costing us.” Historic Places. governments for most of the first half of going back to work in my low-bid govern- The cost is, in part, in monthly utility The idea is for the chiller plant at 201 the 20th century. ment office building.” bills. Poplar Ave. to run all five buildings in The administration building at 160 The plaza outside the county building “The average office building in the the loop and the chillers in each build- N. Main St. is one of several government these days is in better shape than parts of state of Tennessee runs a utility bill of ing would become the back-up systems. buildings – including City Hall and the the building itself, according to a recent between $2 and $2.50 per square foot,” Other parts of the Criminal Justice Center, Odell Horton-Clifford Davis Federal Build- briefing Shelby County Commissioners Norville said before turning to the county however, are showing their age of more ing and the Donnelly J. Hill State Office got this month from Cliff Norville, deputy administration building. “We are close to than 30 years.
REAL ESTATE & DEVELOPMENT Homes Part of North Memphis Revitalization
BILL DRIES | The Memphis News the federal government specifically targeting difficult to The Leath Street homes join the two April Woods and develop areas. Bickford Square apartment developments north of Chel- The CHDO that gets the federal funding that flows sea. But the goal for Leath Street is single-family home through the city of Memphis for the seven homes is the ownership with rental as a fallback position if the real sually Self-Tucker Architects do the design work New Chicago Community Development Corp. estate market remains tough. and planning for someone else who is the devel- “Many of the projects that were proposed out of the “We’ll list them at $69,900 and you know how the U oper. diversity development incubator were very large projects,” market is,” Hayes said. “We’ll do what we can. … The But in an open lot on the north side of Chelsea Avenue Tucker said. “Ours was probably one of the smaller proj- city has about $10,000 in down payment assistance for at Leath Street, seven single- family homes to come in ects. It’s in a great spot with Uptown just on the other side new homes. So people will be able to get a mortgage at the next year will be the architecture firm’s first steps into of Chelsea. It’s consolidated land in an existing neighbor- $59,900. It will be a payment in the mid-$500s or low- developing. hood.” $500s. So we think it will be extremely affordable.” Self-Tucker managing principal Jimmie Tucker was The development north of Chelsea is another impor- The CHDO federal funding comes with technical among those who broke ground last week in North Mem- tant milestone with city leaders hoping the momentum assistance from the federal department of Housing and phis for the Leath Street Initiative. from Uptown development by Belz Enterprises and Henry Urban Development and in many cases conditions that “It’s not a huge leap to do development,” Tucker said. Turley Co., south of Chelsea carries over into the area. require affordable prices to remain intact if the property “But obviously being able to buy land, develop a project “We couldn’t bring a Turley or Belz to the table. But is resold. and attract the financing is one of the keys.” this area looks the same with the same demographics as Each of the seven homes to be built in the 900 block of Tucker was among those in the first class of a city of there,” said Eddie Hayes III, executive director of the New Leath will have three bedrooms and two baths, an eat-in Memphis diversity development incubator that began Chicago Community Development Corp. “We want them kitchen and a family room. One of the criticisms of past four years ago. The incubator couples new and smaller de- to feel like this is a place I can choose to live. It’s a little efforts at affordable single-family home construction is velopers with government incentives like CHDO – Com- slower, but we’re excited because we get the same oppor- that some of the homes have had floor plans too small for munity Housing Development Organization funding from tunity to do what they did south of Chelsea.” modern families. 8 April 28-May 4, 2012 www.thememphisnews.com
HEALTH CARE & BIOTECH Actress Matlin Discusses Overcoming Disabilities
AISLING MAKI | The Memphis News
cademy Award-winning actress Marlee Mat- nurses and everyone associated with ness and there were different tools used to deal with the lin was in Memphis Thursday, April 19, to the NICU unit at Baptist Memo- situation. Some of them had cochlear implants. I don’t Adiscuss overcoming disabilities. rial Health Care – knowing that have cochlear implants, but it doesn’t matter what we Her appearance was at a fundraiser for Bap- any baby that’s born premature have or don’t have. It’s just an opportunity to see the kids, tist Memorial Hospital for Women’s Newborn in the Memphis area will have and let them know they’ll grow up to be fine people, and Intensive Care Unit (NICU), held at the Hilton nothing but the best of care.” that’s why I was glad to be here.” Memphis, 939 Ridge Lake Blvd. Matlin also met with sev- Matlin’s appearance was part of Baptist Memorial Matlin, who lost her hearing when she eral children who were cared Health Care Corp.’s yearlong centennial celebration, was 18 months old, became the youngest for at the hospital as babies. which kicked off late last year with a fundraiser for Bap- actress and the only deaf performer to win tist’s new comprehensive cancer care center featuring an Oscar for Best Actress in a Leading Role legendary recording artist Patti LaBelle. for her screen debut in “Children of a Lesser “Matlin understands first-hand what many of our God.” Her numerous television appearances NICU babies are facing – overcoming a lifetime of health include “Seinfeld,” “The L Word,” “The West obstacles, such as deafness,” said Stephen Reynolds, Bap- Wing,” “Desperate Housewives,” “Sesame tist Memorial Health Care president and CEO. Street,” “Celebrity Apprentice” and “Danc- Baptist’s centennial tagline is “Well Beyond a Century.” ing with the Stars.” A total of $50,000 was raised from Thursday’s lun- The mother of four children shared cheon, and all proceeds will go toward the purchase of her story of overcoming her disability I’m amazed at their dedication to panda warmers, costly but vital machines commonly used to fulfill her dreams of becoming an ac- taking care of babies and certainly in the NICU to keep small babies warm shortly after deliv- tress, as well as the importance of hav- those who are in precarious situations. ery. Each panda warmer costs about $15,000. ing a facility like Baptist’s NICU – which I applaud their dedication to work, The 40-bed NICU at Baptist Memorial Hospital for turns 40 this year – where many of the ba- knowing that any baby that’s born Women – the only free-standing women’s hospital in bies cared for are born with disabilities, Memphis – treats infants who are born prematurely or including deafness. premature in the Memphis“ area will with complications such as heart defects or underdevel- “I’m amazed at their dedication to have nothing but the best of care.” oped lungs. Some infants born in the unit arrive as early as taking care of babies and certainly 23 weeks – more than three months premature – weighing – Marlee Matlin those who are in precarious situa- Actress only a pound. More than 600 babies are born annually in tions,” Matlin said, through her the unit, representing about 10 percent of the babies born sign language interpreter Jack at the hospital. Jason. “I applaud their dedication “They were truly adorable, Many of the parents of these babies cannot afford to work – the staff, the doctors, the and some of them actually were the cost of the highly specialized care necessary for the deaf and had hearing loss,” Matlin survival of their infants. In fact, Baptist Memorial says said. “I found that the opportunity about 30 percent of the parents are charity care, Medicaid Marlee Matlin visited Memphis to talk to them was important. They or TennCare patients, so contributions to the NICU are recently to speak about overcoming disabilities as a fundraiser for Baptist certainly have different types of deaf- tremendously important. Memorial Hospital for Women’s NICU.
Avoid Too Many Apples in Your Portfolio Diet
Apples to Oranges Apple simply multiplies its globally, few investment opportunities ties. Furthermore, tight central banks in Investors and media ubiquity. Growth managers hold as much promise as global small cap the emerging markets have begun easing, have run out of superlatives advocate its growth rate; companies. Yet, according to Morningstar, adding stimulus into the system that will to describe Apple Inc. Not value managers advocate while there are 2,092 large company U.S. begin to appear later in the year. With only has Apple become the its valuation. Everyone growth funds there are less than 25 global international valuations low, sentiment biggest investment story, likes Apple. Should you like small company growth funds. This over- sour and central banks easing, offshore it has also become the oranges? stocked lake is vastly under-fished. Fur- opportunities abound. Remember, this world’s most highly valued David Waddell Morningstar classifies thermore, with ETF’s and program trading says nothing of timing. company. Today Apple rep- the worldly Apple as a large cap (cap driving correlations ever higher in widely In the short term the market is a vot- resents 4.4 percent of the investor = size) U.S. growth stock held securities, the volatility risks associ- ing machine, in the long term it is a weigh- S&P 500 and 16 percent of and Apple’s strength has ated with small cap stocks have infected ing machine. At the moment, with Europe the Nasdaq composite index. translated into strength for the category. large cap stocks as well. The popularity fragile and global growth in question, For investment managers building Over the past year, Apple has appreciated and relative outperformance of large U.S. the Apples get all the votes, but this just fresh portfolios today the first invest- 67 percent, large cap U.S. growth stocks stocks has also pushed relative valua- makes the oranges juicier. After feasting ment question they must answer is have appreciated 8 percent while the S&P tions to extremes. The U.S. stock market on Apples consider adding some oranges “How heavily should I weight Apple in the 500 appreciated 5 percent. Conversely, now trades at a 43 percent premium to its to your diet. portfolio?” Owning it marks them safely the foreign small cap index, a suitable international peers. David Waddell, who is regularly fea- to the heard, not owning it subjects them antonym, lost 14 percent over that time As confidence grows, U.S. popularity tured in the Wall Street Journal, USA Today to substantial benchmark risk should period. Global small caps are the orange may diminish as money migrates to the and Forbes, as well as on Fox Business Apple account for moves higher in the to the Apple. unloved and undervalued global corners News and CNBC, is president and CEO of indices. This benchmark incentive to own With the proliferation of capitalism in search of greenfield return opportuni- Memphis-based Waddell & Associates. www.thememphisnews.com April 28-May 4, 2012 9 /QPG[/CTMGVU'ZVTC
Everyone seems to agree that finan- they're a little older. Kids who work are them to the Schwab office, sat them good decisions. cial literacy in this country is lagging. much more likely to be stellar savers. down and had them fill out the paper- Insider A money What can be done about it? And start talking to them about retire- work. They saved birthday gifts and What are the biggest mistakes in re- I wish Congress would simplify all the ment, even though it’s “boring.” money from their jobs. And when the two tirement planning? Q&A choices people face for saving for retire- I also think it's a good idea to get boys got their first jobs, at 16, I highly Not being well-informed and starting to mission ment. One thing the president’s council them a credit card when they’re about 16 encouraged them to open up Roth IRAs, save too late. What people don’t realize is looking at is having one individual re- and have them practice paying it off on a and they did. is the longer you wait to save, the harder Who she is: President of the tirement account from birth that would be monthly basis. I call it a credit card on it is — the more you have to save to Charles Schwab Foundation, your savings account for retirement for training wheels. Credit cards definitely What about adults — how do you rec- build enough of a nest egg to have a se- senior VP at Charles Schwab & the rest of your life. That promotes being have a place in our lives, and they’re im- ommend they become more financial- cure retirement. Co., member of the President’s involved with your money, and saving, portant. But it’s like with a car — it can ly savvy? If you start when you're in your 20s, Advisory Council on Financial Capability and getting interested and knowledge- be dangerous if you don’t know how to It’s really important for families to talk you need to save roughly 10 percent of able about it. drive it safely. about money and investing. And it’s your income. If you start in your 30s it’s What she advocates: Improved particularly important for baby boom- about 15 to 20 percent, and in your 40s financial literacy for Americans, How do parents educate their kids What did you do with your own chil- ers and all those over 50. The eco- it’s 25 percent. A quarter of your income starting at home about money? dren (now 23, 20 and 15)? nomic downturn, I believe, had a lot to to the future — that’s hard for anybody. Background: Daughter of I’m a big believer in starting to teach I made them all get jobs. We’re such a do with the lack of financial literacy in So, better to start early. The earlier you Carrie Schwab- Charles Schwab, pioneer in the your kids when they’re young. Give them wealthy society that we spoil our kids. I our country. A lot of people got them- start, the easier it is to build that nest egg. Pomerantz discount brokerage business an allowance, get them to save at an also opened custodial accounts for them selves in trouble because they didn’t early age and have them get jobs when when they were 13. I brought each of have a baseline education to make Answers edited for content and clarity. AP
BEHIND THE BRAND FOSSIL (FOSL) A fistful of rubles... Timekeeping A major appeal of investing in emergingmerging EachEach ofo those countries also is growing markets is that these countries are faster thantha the U.S. Last year, Taiwan’s flush with companies growing rapidlyly economyeconomy grew 4 percent, South Africa’s 3.1 is money because the countries are percentpercent anda Brazil’s 2.7 percent, compared Smartphones may be the go-to growing faster than the with 1.7 percentp growth for the U.S. timekeeper for many these days, developed economies of the DividendsDivide are increasingly important for but the clock has yet to run out on United States and Western Europe. emergingemerging markets investors. Of their total the wristwatch. Although growth companies typicallyy return so far this decade, 53 percent has Just ask watch maker and don’t pay dividends – preferring insteadtead come from dividends. That’s up from 22 retailer Fossil. to reinvest their profits to expand theireir percentper during the 1990s. Yet that Demand for the Richardson, Thursday’s close: $132.17 businesses – investors may be amount trails the S&P 500 – Texas-based company’s line of Price-earnings ratio: 29 surprised by the dividends availablee in investors earned 58 percent of fashionable watches, as well as (based on last 12 mos.) wallets, handbags and other some of the world’s fastest-growing their return from dividends in 2010 52-week price range accessories, has been on the rise economies. and 2011. $69.57 $139.20 Several emerging economies offerer Russian natural gas producer for the past two years. higher average dividend yields than thethe GazpromGa raised its dividend by 133 Between 2009 and 2011, Fossil’s net income more than 1-yr. stock change: 37.8% Standard & Poor’s 500 index. Taiwan’san’s percentperce on April 12, and other emerging doubled to $294.7 million. Net 1-yr. S&P 500 change: 4.0% benchmark index has a 4.3 percent average yield, marketmarket companies are likely to follow. That’s sales grew 68 percent to $2.6 Market value: $8.2 billion more than double the S&P 500’s 2 percent. Brazil’s because they paid only 32 percent of their billion in the same period. 2011 revenue: $2.57 billion Bovespa stock index carries a 3.5 percent yield, and profits as dividends last year. That was down from their Those gains came even as the South Africa’s JSE index has a 3 percent yield. 15-year average of 37 percent. company faced higher labor and watch components costs, as well Avg. broker rating: as competition from off-price Emerging markets stocks These emerging market stock mutual funds have bigger dividend yields SELL HOLD BUY retailers. Percentage of total return than the S&P 500 and carry four-star ratings by Morningstar. Fossil operates more than 390 from dividends TOTAL RETURN EXPENSE stores around the globe, and also YTD 3-YR* 10-YR * RATIO YIELD offers its products – as well as Asia, where sales increased 28 licensed brands such as DKNY, percent last year. Lazard 22%53% Diesel and Burberry – through Looking ahead, Fossil is Emerging Markets other retailers. projecting revenue will climb 15 Equity (LZOEX) 12.9% 20.6% 15.4% 1.42% 2.4% It’s also growing via acquisition, percent this year. Vanguard most recently buying rival Skagen Fossil’s growth track has been Emerging Markets Designs and some of its interna- good for shareholders. The stock is 1990 - 1999 2010 - present Stock (VEMAX) 10.3 18.5 n/a 0.20 2.1 tional affiliates. up 90 percent at $132.17 from its Fossil is investing heavily in low of $69.57 in August. Sources: Citi Investment Research; Morningstar Data through April 23 *annualized %@-:4;1 1::5%;4:IAP Source: FactSet Data through April 26 Alex V*.,&*33."4-3@AP
.QECN5VQEMU 52-WK RANGE CLOSE YTD% 1YR% 52-WK RANGE CLOSE YTD% 1YR% COMPANY TICKER LO HI CLOSE THUR. %CHG WK MO QTR CHG RTN P/E DIV COMPANY TICKER LO HI THUR. CHG %CHG WK MO QTR CHG RTN P/E DIV AT&T Inc T 27.29 0 31.97 32.44 +.70 +2.2 s s s +7.3 +9.6 47 1.76 Medtronic Inc MDT 30.18 6 43.33 37.10 -.10 -0.3 t t t -3.0 -5.9 12 0.97 AutoZone Inc AZO 266.25 0 386.25 393.72 +10.89 +2.8 s s s +21.2 +35.5 19 ... Merck & Co MRK 29.47 0 39.43 38.47 +.04 +0.1 t s s +2.0 +16.6 19 1.68 BancorpSouth BXS 8.23 8 15.42 13.81 +.18 +1.3 s s s +25.3 -10.8 19 0.04 Mid Amer Apartments MAA 55.10 8 73.36 68.01 -.57 -0.8 s s s +8.7 +9.0 62 2.64 Boyd Gaming BYD 4.12 7 10.39 7.93 +.14 +1.8 t t s +6.3 -13.2 79 ... Monsanto Co MON 58.89 8 83.95 76.93 -.58 -0.7 t t t +9.8 +19.2 22 1.20 7 t t t Buckeye Technology BKI 22.45 38.50 32.14 +.19 +0.6 -3.9 +24.5 17 0.32f Mueller Inds MLI 34.65 8 49.86 45.74 +.37 +0.8 s s s +19.1 +29.0 22 0.40 6 s s s Community Hlth Sys CYH 14.61 32.24 23.98 +.60 +2.6 +37.4 -23.8 10 ... Navistar Intl NAV 30.01 1 71.49 34.00 +.39 +1.2 t t t -10.2 -51.1 11 ... 8 t s s Corrections Corp CXW 18.41 31.87 28.95 +.70 +2.5 +42.1 +14.5 19 ... Nike Inc B NKE 76.98 0 112.97 110.35 +1.32 +1.2 t s s +14.5 +37.8 23 1.44 8 r t t Cummins Inc CMI 79.53 129.51 116.08 +.98 +0.9 +31.9 +7.7 12 1.60 Pinnacle Entert PNK 8.06 5 15.50 11.17 -.15 -1.3 t s t +9.9 -19.1 29 ... Delta Air Lines DAL 6.41 8 11.60 10.40 -.08 -0.8 t s s +28.6 +16.4 7 ... Regions Fncl RF 2.82 9 7.45 6.75 +.10 +1.5 s s s +57.0 -6.4 25 0.04 Dillards Inc DDS 38.99 0 64.84 64.74 +.86 +1.3 s s s +44.3 +39.9 7 0.20 Renasant Corp RNST 11.80 8 17.16 15.86 +.23 +1.5 s t t +5.7 -2.6 17 0.68 Dover Corp DOV 43.64 8 70.15 62.31 +.80 +1.3 s s t +7.3 -5.4 13 1.26 Sara Lee Corp SLE 15.66 0 22.04 22.00 +.13 +0.6 s s s +16.3 +19.9 55 0.46 DuPont DD 37.10 9 57.50 53.74 -.06 -0.1 s s s +17.4 +0.6 14 1.72f Smith & Nephew PLC SNN 42.07 5 57.19 49.36 +.26 +0.5 s t t +2.5 -8.5 70 0.87e Education Realty Tr EDR 7.16 0 11.34 11.25 +.08 +0.7 s s s +10.0 +38.7 dd 0.28 Smucker, JM SJM 66.43 9 81.97 79.40 +.67 +0.9 t t t +1.6 +10.5 20 1.92 FedEx Corp FDX 64.07 7 98.66 87.55 -.67 -0.8 t t t +4.8 -5.4 14 0.52 Suntrust Bks STI 15.79 7 28.85 24.42 +.16 +0.7 s s s +38.0 -11.8 17 0.20 Fst Horizon Natl FHN 5.38 7 11.25 9.20 +.06 +0.7 s t t +15.0 -13.2 17 0.04 Synovus Fincl SNV 0.94 7 2.65 2.12 ...... s s s +50.4 -14.6 dd 0.04 Freds Inc FRED 10.27 9 15.27 14.65 +.33 +2.3 t t s +0.5 +6.8 17 0.24f Sysco Corp SYY 25.09 5 32.76 28.92 +.11 +0.4 t t t -1.4 +3.1 15 1.08 GTx Inc GTXI 2.34 2 6.86 3.20 -.05 -1.5 t t t -4.8 -23.0 dd ... 0 t s t Ingram Micro IM 15.45 8 21.08 19.50 +.18 +0.9 s s s +7.2 -6.8 13 ... Thomas& Betts TNB 37.51 72.39 71.82 ...... +31.5 +24.2 20 ... 0 s s s Intl Paper IP 21.55 9 36.50 33.75 +.20 +0.6 s t t +14.0 +17.1 11 1.05 Trustmark TRMK 17.06 26.01 25.78 +.43 +1.7 +6.1 +12.8 15 0.92 5 s t t Isle Capri Casino ISLE 3.90 4 9.86 6.14 -.07 -1.1 t t t +31.5 -36.0 32 ... Tyson Foods TSN 15.60 21.06 18.26 +.40 +2.2 -11.5 -6.3 11 0.16 9 t t t Kellogg Co K 48.10 3 57.70 50.31 -.18 -0.4 t t t -0.5 -5.7 15 1.72 UPS class B UPS 60.74 81.79 78.25 -1.40 -1.8 +6.9 +11.1 20 2.28f Kirklands Inc KIRK 7.69 7 17.42 14.11 +.35 +2.5 s t t +6.1 -7.8 15 ... Utd Technologies UTX 66.87 6 91.83 81.25 +1.44 +1.8 s t t +11.2 -5.6 15 1.92 Kroger Co KR 21.14 5 25.85 23.29 +.10 +0.4 s t t -3.8 -2.6 25 0.46 Valero Energy VLO 16.40 7 29.55 24.57 +.41 +1.7 s t t +16.7 -15.6 7 0.60 LifePoint Hosp LPNT 28.95 8 43.45 39.80 +.46 +1.2 s s s +7.1 +0.8 12 ... Verso Paper Corp VRS 0.85 3 4.73 1.65 +.06 +3.8 s t t +71.9 -65.4 dd ... Macy’s Inc M 22.66 0 41.27 40.65 +.71 +1.8 s s s +26.3 +68.6 14 0.80f Wright Medical Grp WMGI 13.37 8 19.87 18.51 -.07 -0.4 s t t +12.2 +18.3 34 ...
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 April 28-May 4, 2012 www.thememphisnews.com
All-Inclusive Trips quarterlY REPORTS: LAW & THE COURTS Help You Relax Ray’s Take Case Filings Steady We recently returned from a family vacation at an all-inclusive resort. It’s the fourth time we’ve done for many good reasons. As the person whose wallet usually gets the biggest workout on family trips – opening it up repeatedly for meals, snacks, For First Quarter beverages, activities, and more – I really appreciate the value of an all-inclusive resort, but there other BILL DRIES | The Memphis News advantages, as well. An all-inclusive folds in all the charges I men- tioned, plus many more, including your room as well as tips and typical hotel services. You pay one ilings across three of the four The 472 total filings marked a Records – already in use for years in flat fee per civil courts in Shelby County drop from 510 a year ago and 577 for the federal court system. person and Fwere steady for the first three Q4 2011. Both courts are already using the that’s it for months of 2012 with a new category The delinquent tax collection fil- ACS Case Management system with everything. If again showing up among the top ings are a new category that is the re- Tybera e-filing software. More than my kids want three categories in Chancery Court. sult of the process being automated. 350,000 documents from existing afternoon ice And attorneys in all courts pre- The tax collection filings made their cases have already been filed elec- cream, it’s pared for the coming of electronic debut as a top three category in the tronically. ray & dana Brandon covered. If my filing – or e-filing – during the sec- Q4 2011 when they were the second “We are going to try to have a rays of wisdom wife and I want ond quarter in Circuit and Chancery highest category after divorces at 62 two-hour response time during a cocktail courts. filings. business hours,” said Maury Wessels, with our sunset, it’s included. If everyone wants to The nine divisions of Circuit Probate Court filings remained Circuit Court manager of informa- snorkel along the beach, our equipment rental and Court remained the busiest of the as the most tion systems, parking fee are included. three courts whose numbers were consistent COURT FILINGS 1ST QUARTER 2012 referring to the Plus, from the paying dad’s perspective, not compiled by The Daily News Online, set of court time between having to keep track of receipts and scanning every www.memphisdailynews.com. filings. The e-filing and meal check for accuracy is a real advantage. If my Divorces, with and without chil- 307 filings Circuit Court 1,840 when the clerk’s kids order something new and don’t like it, they just dren, accounted for about a third of in the first Chancery Court 472 office posts order something else. Even with the “convenience” the 1,840 filings in Circuit Court for quarter the filings after of being able to charge everything to your room, it’s the first quarter of 2012. The second compared Probate Court 307 checking to nice to not have to calculate a tip with every meal. highest category was hospital liens to 326 a year make sure they I really love the fact that once we arrive, I can pop at 403, followed by 293 auto accident ago and 229 are in order. my wallet into the room safe for the duration rather claims. for Q4 2011. “But if somebody files something than figuring out what to do with it while swimming The total number of Circuit Wills remained the top category after hours, although we won’t ap- in the ocean or sailing. Court filings was just two more than accounting for more than half of prove it at midnight, they will be able It’s not just that these resorts can represent a the same quarter a year ago and up the filings. That was followed by the to capture that filing time. … A lot of good value – particularly for families with ac- from 1,726 in the fourth quarter of appointment of administrators at 74 times the deadline is midnight.” tive children – you also know exactly what you’re 2011. filings, 57 conservatorships and 16 The two offices worked together spending and there are no shocking surprises Divorces, hospital liens and auto guardianships. on the system, which will include when you check out. accident claims were the top three With court filings steady for Q1, scanning a filing at the courthouse Best of all, when we’re at an all-inclusive re- categories in the other quarters as the biggest change facing the court offices of both courts if an attorney sort, I don’t have to think about the budget when well, although sometimes in a differ- system is the coming shift to e-filing. files a hard copy. But the change will everyone wants to splurge on a sunset sail. It’s all ent order. During the first quarter, Chan- mean employees in both offices have cery Court Clerk Donna Russell and a different focus. included, and when you’re on vacation, that’s price- Divorces are also heard in Chan- cery Court and were the top category Circuit Court Clerk Jimmy Moore “We’re going to turn around and less. for the first quarter, as is usually the announced their offices would make try our best to use all of that labor case. The 169 divorces filed were out the conversion to electronic filing of to implement more quality control, Dana’s Take of 472 total filings across all catego- cases and records in June. to make sure that everything that While most costs are covered by the daily fee ries. The second highest category The two will be the first state comes through is properly recorded, at all-inclusive resorts, some things aren’t. These was breach of contract claims at 62, courts in Tennessee to go to e-filing properly stored and properly avail- costs can change from resort to resort, so it’s a and third was 26 filings for collection using a system similar to the PACER able to folks who need it,” Wessels good idea to look into exactly what is offered and of delinquent taxes. – Public Access to Court Electronic said. what is an extra expense. Family and beach resorts usually don’t include the cost of any spa treatments. They also might charge extra for off-property excursions, the use Court Filings By Type and Quarter of motorized water sports vehicles, or premium wine and spirits. However, it’s easy enough to avoid 1st Quarter 2012 1st Quarter 2011 4th Quarter 2011 spending on these items. Circuit 1,840 1,838 1,726 This is different from most cruise lines, where 629 Divorces 564 Divorces 428 Divorces even a soft drink can mean an additional charge and tips are automatically added to your bill on a 403 Hospital Liens 327 Auto Accidents 428 Hospital Liens per-person, per-night basis. These expenses sound 293 Auto Accidents 314 Hospital Liens 331 Auto Accidents small, but they can really add up. Chancery 472 510 577 We’ve found that taking the family to all-inclu- sive resorts gives us the freedom to do what we 169 Divorces 183 Divorces 147 Divorces want without thinking twice about the cost – we’ve 62 Breach of Contract 49 Breach of Contract 62 Delinquent Tax Collection already budgeted for it through that one daily fee. A 26 Delinquent Tax Collections 34 Damages Complaint 47 Adoptions vacation from financial stress enhances any trip. Probate 307 326 229 Ray Brandon is a certified financial planner and CEO of Brandon Financial Planning (www.brandon- 160 Wills 170 Wills 123 Wills planning.com). His wife, Dana, has a bachelor’s de- 74 Administrators 73 Administrators 50 Administrators gree in finance and is a licensed clinical social worker. 57 Conservators 68 Conservators 47 Conservators Contact Ray Brandon at raybrandon@brandonplan- ning.com. 16 Guardians 15 Guardians 9 Guardians
Source: The Daily News Online, www.memphisdailynews.com www.thememphisnews.com April 28-May 4, 2012 11
quarterlY REPORTS: BANKRUPTCIES Economy Keeps Bankruptcies on Rise Chapters 7, 9, 11 and 13 show 2.8 percent increase in first quarter compared to Q1 2011
AISLING MAKI | The Memphis News
he first quarter of 2012 showed a 38118 with 165, and Whitehaven’s 38116 slight increase in bankruptcy filings All Bankruptcies By Month (Chapters 7, 9, 11 and 13 combined) with 160. Tin West Tennessee, according to The However, Chapter 7 bankruptcies, filed Daily News Online, www.memphisdaily- Q1 2012 Q1 2011 by the most hard-pressed debtors who news.com. January 917 892 usually get to wipe away most of what they All chapters combined – Chapters 7, 11 owe, fell 7.2 percent in Shelby County to and 13 – amounted to 3,063 Shelby County February 1,066 973 838 in Q1 from 903 in Q1 2011. bankruptcies for the period from January March saw the most Chapter 7 filings March 1,080 1,113 through March, up 2.8 percent from 2,978 with 333, while February recorded 303 and in Q1 2011. TOTAL 3,063 2,978 January saw 202. The United States Bankruptcy Court, Southeast Shelby County’s 38125 ZIP Western District of Tennessee, has offices saw the most Chapter 7 filings with 56, in Memphis and Jackson. However, the CHAPTER 13 BANKRUPTCIES BY ZIP CHAPTER 7 BANKRUPTCIES BY ZIP followed by Westwood’s 38109 with 50, data in this report include only ZIP codes Whitehaven’s 38116 and Frayser’s 38127, within Shelby County. In effect, it examines each with 48, and Hickory Hill North’s the number of bankruptcies filed by Shelby 1. Frayser 38127: 197 1. Southeast Shelby Co. 38125: 56 38115 and Raleigh’s 38128, each with 46. County debtors in local bankruptcy court. 2. Westwood 38109: 191 2. Westwood 38109: 50 On the business side, Chapter 11, or “We’re pretty much in line with what reorganization, bankruptcy filings saw a the trends are,” said Memphis bankruptcy 3. Raleigh 38128: 181 3. Whitehaven 38116 and Frayser 38127: 48 each 35.7 percent decline in Shelby County, with attorney Jimmy McElroy of Jimmy McElroy 4. Oakhaven/Parkway Village 38118: 165 4. Hickory Hill North 38115 and Raleigh 38128: nine in Q1 compared to 14 in Q1 2011. & Associates. “I’ve noticed a slight increase, 46 each Three of those filings were in Collier- and that happens a lot this time of year 5. Whitehaven 38116: 160 ville’s 38017 ZIP, while Germantown East’s because people use their credit cards a lot 38139 had two, and Hickory Hill North’s Source: Chandler Reports, during the Christmas holidays.” www.chandlerreports.com 38115, Oakhaven/Parkway Village’s 38118, He said he also continues to see people Bartlett/Brunswick’s 38133 and Bartlett’s file for bankruptcy following layoffs. penses and the high cost of medical drugs these modification promises don’t come 38134 each had one. “So many people come in who’ve and procedures,” he said. “That doesn’t to fruition, so people come in because January and March each saw four worked at the same place for 10 or 20 really go up and down with the economy; they’re really far behind on their payments Chapter 11 filings, while February had one. years, and all of a sudden the plant closes it’s pretty constant.” and they get the foreclosure notice, and we A wide range of businesses filed for down or moves and they lose their job, and Chapter 13 bankruptcies, or “wage- immediately file the Chapter 13 to stop the bankruptcy in Shelby County in the that forces people to take drastic measures earner” cases, which involve a court- foreclosure.” second quarter, including hair salons, they thought they’d never have to take,” ordered debt repayment plan, increased to February saw the highest number of cleaning services, daycares, pest control McElroy said, adding that he always sees 2,216 in Q1, up 7.5 percent from 2,061 in Chapter 13 filings in the county with 762. services, lawn care businesses and paint- individuals filing for bankruptcy because Q1 2011. January had 711 filings and March had 743. ing companies. A tanning salon, laundry of mounting medical bills. “For a while a lot of the mortgage Frayser’s 38127 ZIP code led Chapter 13 mat, collection agency, towing company “People always have medical issues, companies were not foreclosing; they were filings with 197. It was followed by West- and auto repair business were also among and they may have insurance, but it giving people the opportunity to modify wood’s 38109 with 191, Raleigh’s 38128 those that filed for Chapter 11 bankrupt- doesn’t cover all the hospitalization ex- their loans,” McElroy said. “But so many of with 181, Oakhaven/Parkway Village’s cies in West Tennessee.
RSVP Now for Memphis Nonprofit Conference
Nonprofits are one way we come May 2, hosted by the lineup as well, leading two Tal Franfurt of Cloud For Good will talk together to advocate for what we believe Alliance for Nonprofit sessions. Near and dear tech (the nuts and bolts of your commu- in, to provide services, to educate, to heal, Excellence right here in to our hearts will be “En- nication!) at his session “Using Data- inspire and enjoy the arts. To name just a Memphis. gaging Stakeholders (and bases to Build Relationships.” We have few. At the heart is community, and with Experts are flying Raising Money!) Online.” said it before and we will say it again – a that comes communication. in from across the If you read this column spreadsheet is not a database, and is not But, how do we build community and country to create a regularly you know an effective tool for building and manag- communicate? Newsletters (mailed, day of learning and MEL & Pearl shaw we firmly believe that ing relationships let alone for running a distributed or passed from one person to networking focused on FUNdraising engagement and giving fundraising campaign! another) was one way, back in the good the exploration of how go hand-in-hand. Check As you can see, there is something old days. Today it is social media. social media impacts the way nonprofits out John’s sessions and he will walk you for everyone. We will see you there – You may be living in the social media operate and build connected communi- through the process. Wednesday, May 2, from 8:30 a.m. to 4 world with a growing community of online ties. The conference will also include p.m. at the Clark Opera Memphis Center. “friends.” Or you may have your toe in the Marnie Webb, the co-CEO of TechSoup important sessions that cover behind- Register online at www.npexcellence.org/ water – perhaps you sent out e-newslet- Global, will speak on “Making Change the-scenes issues related to social media. conference.php. ters, have a blog and maybe a Facebook in a Digital World,” and Laura Quinn, the Join Emily Chan, an associate attorney at presence. Maybe you are one of the many founder and executive director of Ideal- NEO Law Group to learn about “Legal and Mel and Pearl Shaw are the owners of wondering what “tweeter” is all about. ware, will address a topic of great interest Policy Considerations for Social Media Saad & Shaw. They help nonprofit organi- No matter where you fall on the to Memphis, “Unleashing Innovation.” U s e .” zations and institutions rethink revenue spectrum of online engagement there is Our colleague John Kenyon from the Ruth Cambridge, the editor-in-chief of sources. They are the authors of “How something for you at the upcoming Pow- San Francisco Bay Area, the educational the Nonprofit Quarterly, will tackle “Be- to Solicit a Gift: Turning Prospects into erful Networks: Nonprofits, Social Media, program manager with NTEN (Nonprofit yond the Board: Governance in a Social Donors.” Visit them at www.saadandshaw. & Community conference on Wednesday, Technology Network), will be part of the Media Environment.” And Memphis’s own com or call 522-8727. 12 April 28-May 4, 2012 www.thememphisnews.com
450 Pinnacle Pilot quarterlY REPORTS: business licenses Positions Could Business Licenses Drop Be Furloughed 2 Pct. in First Quarter BILL DRIES | The Memphis News
AISLING MAKI | The Memphis News
emphis-based Pinnacle Airlines Corp. could put up to 450 pilots on Munpaid furlough leave in the next he number of business biz permits filed in Q1 filings for business licenses, with 507, year and a half. licenses filed with the Shelby shelby co. clerk’s office followed by February with 503 and March The head count is the regional air carrier’s TCounty Clerk’s office de- with 446. first estimate of what Chapter 11 bankruptcy creased by about 1.8 percent to Q1 2012 1,528 There were 489 corporate charters reorganization could look like for its work force 1,528 in the first quarter compared filed in Q1, about a 4.5 percent decrease of more than 7,000 people. with 1,556 in first quarter of 2011, Q1 2011 1,556 from Q1 2011, when 512 corporate char- Pinnacle filed for bankruptcy reorganization according to The Daily News Online, CHANGE -1.8 percent ters were issued. The majority of those – in New York state earlier this month. www.memphisdailynews.com. 258 – were limited liability companies, on The company outlined a reorganization The number of filings in which par with the Q1 2011’s LLC filings. plan that would create a smaller business that the applicant is a Tennessee resident Business permits were sought for a keeps its reworked contract ties to Delta Air also saw a slight decrease of nearly q1 top shelby Co. zip codes wide range of businesses, including gas Lines Inc. but winds down its flying for two 1.7 percent, with 1,456 permits in Q1 for biz licenses stations and convenience stores; tax other global carriers – United Airlines and US as compared to 1,481 for the same services; restaurants; painters; beauty Airways. period last year. Cordova North 38016 (85) salons; photographers; auto care; tree and While those agreements have been worked Proprietors planning to do landscape services; construction; home out between Pinnacle and the carriers, still to business in Shelby County can file Raleigh 38128 (77) improvement; day cares; and cleaning be negotiated are contracts with three labor from any location, and filings by University of Memphis 38111 (76) and janitorial services. unions representing the bulk of Pinnacle’s work non-residents showed a very slight One notable business license filing force. decrease, with the remaining 72 Collierville’s 38017 (73) in the quarter was that of Mulan Bistro, Before the bankruptcy reorganization filing, permits issued in Q1 to residents of which opened in late February at 2149 Oakhaven/Parkway Village 38118 (67) Pinnacle was seeking permanent wage conces- 19 other states, compared with 75 Young Ave. sions from the unions. nonresident filings from 20 other The popular Asian eatery, which also In a filing Tuesday, April 24, in U.S. Bank- states in Q1 2011. Source: The Daily News Online, has a location in Collierville, joins other ruptcy Court for the Southern District of New In the first quarter, Cordova www.memphisdailynews.com additions over the past year to the boom- York, the court authorized Pinnacle to retain North’s ZIP 38016 led the way for the ing Cooper-Young entertainment district, Seabury Advisors LLC as its financial adviser Shelby County ZIP codes with the way with 75, followed by University including Imagine Vegan Café, Stone and consultant. The company was hired by most business licenses issued, at of Memphis’ 38111, Oakhaven/ Soup Café, Alchemy and Sweet Grass Next CEO Sean Menke in late 2011 as Menke began 85, followed by Raleigh’s 38128 (77), Parkway Village’s 38118 and Bartlett’s Door. the restructuring that led to this month’s bank- University of Memphis area’s 38111 38134, each with 71 business filings. Another filing was that of Life is Good ruptcy filing. (76), Collierville’s 38017 (73) and Rounding out the top five were Life, a retail store that opened Thursday, Menke resigned as CEO last week effective Oakhaven/Parkway Village’s 38118 Raleigh’s 38128 (67), Southeast April 19, at 175 Peabody Place with store June 1 in another phase of the reorganization (67). Shelby County’s 38125 (65) and frontage on the Main Street Mall Down- in which chief operating officer John Spanjers For the same period last year, Whitehaven’s 38116 (64). town, and will celebrate its grand opening took over for Menke. Hickory Hill North’s 38115 led the January saw the most in-state Friday, April 27.
technology Report: Verizon is Best Carrier in Memphis
ANDY MEEK | The Memphis News
n the pitched battle among the big RootMetrics picked Verizon as the the tests were conducted using the HTC Cricket nor Sprint recorded any blocked carriers for mobile phone customers combined winner for Memphis. Amaze, the HTC Rezound, Samsung Epic, calls during our Memphis tests. AT&T did Iin the Memphis area, mobile testing “In Memphis, Verizon has an estab- Samsung Galaxy Indulge and Samsung not record any dropped calls.” firm RootMetrics is calling this round for lished LTE network, and they offered the Galaxy S II Skyrocket. The results of the data performance: Verizon. best overall combined performance in our To measure call performance, testers From the report, “Verizon’s LTE net- In a report released Tuesday, April RootScore Report,” said RootMetrics CEO placed a call from each carrier’s phone and work swept the category, offering the fast- 24, Bellevue, Wash.-based RootMetrics Bill Moore, whose company compiles data attempted to hold that call open for two est average and maximum speeds for both described how it conducted thousands of in major metropolitan areas to create its minutes. To study texting performance, downloading and uploading data. Verizon’s calls, measured data usage and sent text RootScore Reports. testers measured how long it takes each average download and upload speeds, in messages throughout Memphis to deter- Memphis is among more than 60 mar- carrier to send a text or receive a text fact, were faster than any other carrier’s mine which carrier had the fastest text kets so far that have been analyzed. from a phone within its own network and maximum download and upload speeds. service, the fastest and most reliable data To evaluate the area, RootMetrics phones in other carriers’ networks. AT&T offered the second fastest average network and which carrier had the fewest performed 9,247 call, data and text tests For data performance, testers mea- download speeds in the Memphis market.” dropped and blocked calls. during a period of five straight days sured the data transfer rate to determine Regarding data success and network The firm picked winners for each of the (March 24-March 28) and covered different average and max speeds. accessibility, the report found AT&T and categories it measured, and it tallied the hours of the day and night. Tests were con- The results of call performance: Verizon tied as the most reliable carriers. scores to get an overall winner for Mem- ducted on Android-based smartphones RootMetrics was unable to call a win- The results of text performance: phis. RootMetrics found Verizon as having bought from carrier stores. The firm says ner in that category. The report found “call “Verizon, T-Mobile, and AT&T deliv- the best data performance, but it found it used the most advanced off-the-shelf performance was comparable across all ered equally strong performances during that call performance and text perfor- smartphones available to the public for of our call measures, with each carrier our text testing, and we were unable to mance in Memphis was too close to call. testing purposes. In the Memphis market, delivering a strong performance. Neither declare a clear victor.” www.thememphisnews.com April 28-May 4, 2012 13
real estate & development Uplifting Spaces
SARAH BAKER | The Memphis News
Two local churches designed by Memphis-based Hord Architects now under way
wo Memphis-area churches are under way, both St. Elisabeth’s designed by Hord Architects, a local firm that Episcopal specializes exclusively in maximizing the budgets Church, left, T is one of two of nonprofit clients. houses of wor- The first is Cordova Presbyterian Church, 8707 Fay ship that Hord Road, on the south side of Fay and west of Sanga Road. Architects The church plans to tear down its old sanctuary and currently has in the works in the construct a new one spanning 12,000 square feet. The Memphis area. building will have an entrance on Sanga and will provide expanded worship space, offices and classrooms, as well as additional parking. passing decisions Carter Hord, principal of Hord Architects, said the goal through volun- with Cordova Presbyterian was to design a building that teers. raised the profile of the church on Sanga Road, a more “A lot of times heavily traveled street than Fay. when you’ve got “Even though their land touches Sanga, which is a a commercial high-profile street with more traffic, you can’t really see building, you the church from Sanga,” Hord said. “One of the unique may have one guy features of this design is that it will have a corner bell that’s the boss,” tower with spire that anchors the corner of the building Speakman said. and you’ll be able to see it from both Fay and Sanga roads. “Usually, with a We designed a building that is clearly identifiable as a Rendering: Courtesy of Hord Architects church, you have worship space, but it will tie in visually with the appear- to go through a ance of the existing fellowship building so that it looks like and retreats and conferences.” committee process on nearly every decision because ev- it belongs and it’ll be read as a campus of buildings that The general contractor for the project is Linkous erybody feels so responsible for the money. It’s very much are all part of the same aesthetic.” Construction LLC. Brandon Speakman, Linkous project like building a home, but for 22-25, whatever the number About half of Hord’s work is local. Since its found- manager and estimator, said working with a church varies of people that are on the building committee, you’ve got ing in 1957, Hord Architects has designed more than 150 from other commercial buildings in that it usually entails that many people that are owners.” churches from New York to Tennessee to Minnesota. “Even though we specialize in churches and have done so many, every one is different,” Hord said. “The success I think lies in really getting to know your clients’ needs in a careful and deliberate way. It’s always a chal- entrepreneurship lenge because churches never have a lot of money; they always have limited funds. Our goal is to give them as much for their money as possible.” Also seasoned in the religious sector is construction Seed Hatchery Participants firm Grinder, Taber & Grinder Inc., the general contractor of record for Cordova Presbyterian. The firm has worked with Second Presbyterian Church, St. George’s Episcopal Prep for Investor Day Church and First United Methodist. Company vice presi- dent Fred Grinder said it was important to preserve the church’s history, which dates back to the 1800s. ANDY MEEK | The Memphis News “It’s a beautiful facility,” Grinder said. “It’s a nice-look- ing sanctuary similar to St. George’s architecture with the lap siding and appearance, with a nice walkway between existing facilities and the new facilities.” or months, the entrepreneurs behind six new startup businesses, Investor Day also will showcase Cordova Presbyterian is scheduled to be completed by startups have refined their concepts, listened to a preview of some big things to come for Memphis’ the end of the year. Fmentors, learned from each other – and counted startup community, according to Elizabeth Lemmonds, Meanwhile, Hord Architects is also working with St. down the days. chief brand officer for Launch Your City Inc. Elisabeth’s Episcopal Church on a new worship space on In a little more than a week, that counting will be The six teams in the current Seed Hatchery cohort 38 acres at the southeast corner of Old Brownsville and over. For the enrollees in this year’s Seed Hatchery are Haversack, friendsignia, CloudAptitude, Safety Billy Maher roads east of Austin Peay Highway. program — an intense boot camp-style, mentorship- Hound, Paytopia and KnoCo. The church was originally built next to the Raleigh driven seed stage investment program – May 3 is the CloudAptitude co-founder Clint Rosenblatt said the Springs Mall in 1960. As those neighborhoods transi- day they’ve been working toward. thing he found most valuable about the Seed Hatchery tioned, the church tried to reach out to those neighbor- That’s Investor Day, which is when they’ll pitch program is the way it’s always tried to keep the teams’ hoods but couldn’t do that effectively and ultimately themselves and their ventures to a roomful of inves- products moving. The program founders and mentors made the tough choice to sell the property and move. The tors who can write the checks that help get their young are always pushing the teams to think through prob- property is adjacent to the St. Columba Episcopal Confer- companies off the ground. The series of presentations lems, new iterations, new customer areas they can tap ence & Retreat Center, and is the first phase of a multiple will take place in the Bioworks Conference Center at 20 into, and more. phase master plan, said the Rev. William Murray. The Dudley St. from 2 p.m. to 5 p.m. It will be followed by a In addition, a few of the teams are taking a detour to planning of St. Elisabeth’s dates back to September 2001. reception at Felicia Suzanne’s from 7 p.m. to 11 p.m. Nashville prior to Investor Day. Kenn Gibbs, the founder “Part of the goal there is it’ll be directly adjacent to the A variety of Memphis businesses are sponsoring the of KnoCo, and Mike Hoffmeyer, the founder of Payto- conference center for the diocese – for the larger com- event. They include a-m ventures; BlueCross BlueShield pia, will be making presentations at the 2012 Governor’s munity of churches in West Tennessee for the Episcopal of Tennessee; The Marston Group; Memphis Bioworks Innovations Conference. Church,” Murray said. “That conference center doesn’t Foundation; Orion Federal Credit Union; and Baker, Also presenting will be Demarcus Love, co-founder have a chapel, so we’ll be the chapel for the conference Donelson, Bearman, Caldwell & Berkowitz PC. of ChooMoGo, a startup from the 2011 Seed Hatchery center and it’ll be a good way to sort of share space. We In addition to Memphis Mayor A C Wharton Jr. cohort. The day after they present, EmergeMemphis have 40 acres and they have 150, so between the two of us, being on hand to share his vision about Memphis as a interim executive director Eric Mathews will be part of a we’ll have almost 200 acres of property to use for camps city of choice and as a launching ground for talent and panel discussion. 14 April 28-May 4, 2012 www.thememphisnews.com
MBA Celebrates COMMUNITY Law with Annual Law Week Events
ANDY MEEK | The Memphis News
he Memphis legal community is poised to kick off its annual week- Tlong celebration of the profession that will include a party in Downtown’s Court Square, a naturalization ceremony for new citizens and a remembrance of the dozens of lawyers and judges who died over the past 12 months. Memphis Bar Association Law Week events started with a launch party in Court Square Friday, April 27, from 5 p.m. to 7 p.m. At its core, Law Week, which the bar generally holds in late April, is the Mem- phis Bar Association’s way of celebrating and honoring the legal profession and the service – the notion that the profession’s members are standing up for the interests of those who need an advocate. jones It also says something about the spirit with which the profession is celebrated here, that the MBA has taken what began as the American Bar Association’s Law Day in the 1950s and expanded that to a week. “It’s been going on a long time,” said Jones Brings Musical MBA executive director Anne Fritz. “I’ve been here close to 20 years, and it was going on before I came. I remember there used to be parades down Main Street. “The memorial service is always an Talents to GPAC important time for the legal community, to remember lawyers and judges who passed away during the year.” Daughter of Memphis native Paul Tudor Jones to hold concert, class Close to 30 members of the profession died over the past year, one of the most recent being an attorney with a deep tie to AISLING MAKI | The Memphis News outreach programs. Although she comes from a family Memphis political history, Hunter Lane Jr. “It’s going to be a fun party,” well-known for its business acumen, He died earlier this month at the age of 82. Moskalenko said. “But the point of Jones says she’s always had a passion for The ABA Law Day began in 1957 when the evening is to raise funds for GPAC creative pursuits, having written poems Charles Rhyne pictured a national day set ising star Caroline Jones’ per- programming and to be able to bring and short stories since she was old aside to celebrate and honor the American formance Saturday, April 28, at amazing artists to the GPAC stage and enough to put pen to paper. legal system. And the national association RGermantown Performing Arts allow these artists to extend themselves “As soon as I found music and began holds events all over the country on its an- Centre’s 2012 Gala will be a homecom- to the community through tremendous singing I found a channel to incorpo- nual Law Day. ing of sorts for the New York-based educational programs. We have great rate all of those creative elements that The ABA’s 2012 Law Day theme is “No singer-songwriter. performances on the GPAC stage, but I’ve always loved,” Jones said. “Once I Courts, No Justice, No Freedom.” Jones, whose father, billionaire many of our artists also reach out into started singing, I knew I’d really found It’s an opportune time to hit upon that hedge fund manager and influential the community by providing Q-&-A ses- my passion.” theme, with the judiciary occupying such a market guru Paul Tudor Jones, is a sions, master classes and workshops.” Trained classically by Andy Anselmo, major spotlight in recent months, such as Memphis native, will be the featured Saturday’s gala will be the first public founder of New York’s “The Singer’s Fo- with the U.S. Supreme Court hearing what entertainer at “Viva La GPAC: A salute to Memphis performance by Jones. Paul rum,” Jones’ musical background con- could be an historic challenge to President Elvis on the 35th Anniversary of his Life Tudor Jones – founder of Tudor Invest- sists of opera and Bel Canto training as Barack Obama’s health care reform legisla- and Legacy.” ment Corp. and the Robin Hood Foun- well as study of the American songbook, tion. The Elvis-themed event will kick dation, which fights poverty in New York cabaret and Broadway styles. Also with a view toward stressing the off at 6:30 p.m. Saturday at 1801 Exeter City – attended Memphis University Under her former manager Tommy importance of the country’s independent Road in Germantown and will also fea- School and the University of Memphis. Mottola, Jones began recording her orig- judiciary, the local bar association has ture silent and live auctions and dinner He is the brother of Peter Schutt, inal songs with producer Chris Toland at been promoting an educational campaign by Harrah's Tunica. president and CEO of The Daily News Sony and Avatar studios in New York as this year that will have MBA members fan- “We’re just delighted that Caroline Publishing Co. Inc., and son of Mem- a student at The Professional Children’s ning out to audiences throughout the area Jones is going to be coming here and phian Jack Jones, who served for 34 School in New York City. at schools, churches, businesses and more. performing for us,” said GPAC executive years as the publisher of The Daily Although raised in Greenwich, The goal: provide a crash course in civics director Tanya Castroverde Moskalenko. News. Conn., Jones said her Southern father to educate the public on the importance of “Her voice is cool and clean and she just Caroline Jones, whose performances exposed her to the soul and rhythm and the country’s legal system. has this really wonderful style that we’re at venues throughout the New York blues sounds of the Bluff City. But Jones, On Monday, April 30, a naturalization really excited to have at the gala. Her area include Julliard, Madison Square who plays acoustic guitar and describes ceremony will take place at 10 a.m. at the performance will be a combination of Garden, Carnegie Hall and Feinstein’s at her sound as country-pop, said her real Cannon Center for the Performing Arts. Elvis songs, a couple of her own compo- the Loews Regency, says she’s honored passion lies with country music. Hundreds of new citizens will be sworn in sitions and a little gospel. We think it will to perform in her father’s hometown. While in Memphis, Jones will also before the U.S. District Court for the West- be really great variety for our patrons.” “Memphis has such a rich musical host a special singer/songwriter master ern District of Tennessee. Proceeds will benefit GPAC’s pro- culture,” said Jones, 21, who studies class for high school and college stu- The week’s annual memorial service grams, which – in addition to bringing creative writing at New York University. dents at The Orpheum Theatre on May will take place Wednesday, May 2, at noon world-class artists to the Memphis “I’m really excited to be a part of that, 1. And on May 3, Jones will perform at at Calvary Episcopal Church, 102 N. Sec- metropolitan area – include a variety and Tennessee has a legacy of that and the historic A. Schwab Dry Goods Store ond St. of vibrant, arts-focused community it’s exciting to me.” on Beale Street. www.thememphisnews.com April 28-May 4, 2012 15
real estate & development MAAR Honors Industry’s Best Top-performing commercial real estate brokers feted at 11th annual Pinnacle Awards
SARAH BAKER | The Memphis News
he Memphis Area Association at the right time, and having a little luck core of its supply chain network. of Realtors Commercial Council certainly doesn’t hurt.” Just this month, Nike was awarded the Thonored the top performers in Another top honoree was Blake Pera licensing and contract for the National commercial real estate for 2011 at the of CB Richard Ellis Memphis, who made Football League that will require even 11th annual Pinnacle Awards gala, held Pinnacle Awards history by snagging both more space in Memphis and additional Tuesday, April 24, at the Holiday Inn Uni- Commercial Broker of the Year and Mul- employees to handle the new business. versity of Memphis. It’s wonderful to receive tifamily Sales Broker of the Year. In nearly “This is a very exciting time for us,” With the theme, “More Than a Decade an award for work that you two decades in business, he has sold $2.3 said Willie Gregory, Nike director of com- of Excellence, a Society of Top Produc- enjoy so much. In the real billion worth of apartment communities munity and business relations. “It’s a great ers and a Huge Community Impact,” the estate business, the sky is and has brought in tens of millions of dol- time to be in Memphis, Tenn.” city’s CRE brokers proved that persever- truly the limit. Location is lars of investor equity into Memphis CRE, MAAR presented 24 Pinnacle Elite ance is critical amid the long, slow grind much of it new to the market. awards, given to the highest-producing extremely important in this of economic recovery. “ “Blake often says that his first job commercial brokers based on sales and Coming away with one of the eve- business, it truly is. But I is to sell Memphis, and if he does that leasing activities in 2011. Collectively, ning’s highest honors was Commercial have to admit that being in well, selling the real estate will take care their transactions produced more than Hall of Fame inductee Michael Lightman the right place at the right of itself,” said Steve Rudesill of CBRE, $913.5 million – $70 million more revenue Sr. of Michael Lightman Realty Co. time, and having a little luck who hired Pera in 1998 and presented than last year. In his 40 years as a developer, Light- the award. “I’ve had great fortune in my Broker of the Year awards were man has participated in – just to name certainly doesn’t hurt.” career to have Blake as a business partner presented to the top producers in eight a few – the land sales for FedEx Corp. Michael Lightman Sr. – he balances life, he’s a superstar in his categories: industrial leasing (landlord), for its world headquarters at Winchester Michael Lightman Realty Co. profession, and he sets a great example Brad Murchison of CBRE; industrial and Hacks Cross roads, Walmart and its for everyone around him. Blake is one of leasing (tenant), Andy Cates of Colliers outparcel on Germantown Parkway, and the people I’ve admired most in profes- International; investment sales, Rosema- some 18 sites for Malco Theaters Inc. in sional life.” rie Fair of One Source Commercial; office Tennessee, Mississippi and Arkansas. His portfolio now consists of about James Rainer V of Grubb & Ellis was leasing (landlord), Ron Riley of Colliers Lightman developed Cross Creek at 2.5 million square feet of investment named Newcomer of the Year – the high- International; office leasing (tenant), Pat- Riverdale Road, and sold the property property and more 500 acres of land that’s est producing broker with no more than rick Gamble of CBRE; multifamily, Pera of about 10 years ago at the highest value it’s pending development. two years of experience in the industry. CBRE; retail, John Elkington of Elkington ever been before or since. In the Hacks “It’s wonderful to receive an award for And the second annual Community Real Estate Group; and land sales, Jim Cross area, he’s been involved in the de- work that you enjoy so much,” Lightman Impact Award was presented to Nike Inc. Rainer of Grubb & Ellis Memphis. velopment of about 1 million square feet said. “In the real estate business, the sky in recognition of the company’s substan- In addition to receiving Broker of the of retail properties for Costco, Lowe’s, Tar- is truly the limit. Location is extremely tial investment in Memphis. Locally, it Year in industrial leasing, Murchison was get and J.C. Penny, not to mention more important in this business, it truly is. But I uses approximately 4.2 million square feet added to the Pinnacle Producer’s Club than 1,000 apartment units in the area. have to admit that being in the right place of industrial space, making Memphis the Life Members.
LAW & THE COURTS
rights of children appearing before the “We found that African-American court,” Perez said. children were treated differently and more Discrimination Found Stanton termed the conclusions in the harshly during key points in the juvenile report “serious and compelling.” justice process,” Perez said, noting that “Our bottom line is ensuring that we a recognized national expert reviewed In Local Juvenile Court have a model juvenile justice system here Juvenile Court data over a five-year period in Memphis and Shelby County,” Stanton on the specific point. “In key phases, said. “Our central objective is to ensure we found that race was in and of itself a BILL DRIES | The Memphis News that our juvenile justice system works.” significant contributing factor even after The due process violations included accounting for legal variables such as the failing to notify children and their parents nature of the charge, prior record and vari- of charges in advance of hearings and ables such as the age of the defendant or he U.S. Justice Department said conditions of confinement.” sending children to detention when they gender or school attendance. Race was a Thursday, April 26, that juvenile of- The report was made public the day af- were arrested on weekends or holidays statistically significant factor in determin- Tfenders in Shelby County are denied ter Juvenile Court Judge Curtis Person was without warrants because hearings weren’t ing whether a child would receive lenient due process rights and that black children told the findings in the 68-page report. held on those days. treatment such as a warning or a more are treated differently and more harshly Ed Stanton, the U.S. attorney for the “What this means is children experi- serious sanction.” than white children by the Juvenile Court Western District of Tennessee, and Thomas ence needlessly lengthy detentions before The decisions to transfer children for of Memphis and Shelby County, including E. Perez, the assistant attorney general for a magistrate will conduct a hearing to de- trial as adults was also found lacking. The the process used to transfer children who the civil rights division, emphasized that termine whether there was probable cause Justice Department report concluded are to be tried as adults. Person cooperated fully in the investiga- for their arrest,” Perez said as he noted Juvenile Court referees made those deci- The investigation by the Justice De- tion that spanned several years and is “repeated failures” to protect children sions “after making cursory or no inquiries partment’s Civil Rights Division began in already implementing reforms called for in from constitutional guarantees against self into the children’s background or social August 2009 and included the review of the report. incrimination. factors, which are required by the state’s 66,000 case files from a five-year period. “Notwithstanding the progress we While those failures applied to all law,” Perez said. It concluded the local juvenile de- observed in a number of areas, we found children, the Justice Department report In some cases, the court didn’t have a tention center “violates the substantive serious and systemic failures in the juve- said there was a verifiable and noticeable hearing at all on the matters that deter- due process rights of detained youth by nile justice system in Memphis and Shelby difference in how black children have been mine whether a child will be tried as an not providing them with reasonably safe County that violate the constitutional treated by the court. adult. 16 April 28-May 4, 2012 www.thememphisnews.com
special coverage
special emphasis: LOGISTICS SEEKING FRIENDLIER SKIES
MICHAEL WADDELL | Special to The Memphis News
nitely a factor. We have operations all over Businesses hopeful Southwest can improve flight options, pricing the globe and scattered significantly across the South, so whenever flights are cut back ocal business travelers are looking skyrocketed 30.7 percent, Davidson Hotels Dallas branch, said flights from Memphis it definitely impacts our company,” said everywhere for relief from sky-high & Resorts Inc. announced last October that to Dallas have been $600 higher than Tom Ryan, spokesperson for International Lairfares. Many are hopeful that once it was moving its headquarters to Atlanta flights from Little Rock to Dallas. Paper. “The higher fares hit the bottom Southwest Airlines establishes a presence mainly because of better and cheaper “We’ve done four Memphis-to-Dallas line of the business. The news of South- at Memphis International Airport beyond flight options there. And The Folk Alliance trips in the past eight weeks. We decided to west coming to town is welcome news, a few Memphis-Atlanta flights, increased International announced plans to move its make the seven-hour drive to Dallas two and we hope that it happens soon.” competition will result in lower fares and headquarters to Kansas City and schedule times, and we drove to Little Rock airport Ryan expressed frustration over the more options for local travelers. its annual conventions in cities with more to take advantage of lower fares twice,” fact that just a few weeks ago a one-way The financial impact of higher fares at affordable airfares. Lintner said. “Southwest coming to Mem- ticket from Memphis to Los Angeles was Memphis International on both large and Memphis-based Obsidian Public Rela- phis should really change the way we ap- priced at more than $800. small businesses is significant. Domestic tions recently opened a new Dallas office, proach our travel to Dallas since it should Larry Cox, longtime president and CEO airfares from Memphis rose more than and its employees have repeatedly chosen provide us a more affordable option.” of the Memphis-Shelby County Airport 20 percent from the third quarter of 2009 other options instead of flying out of The higher fares have also been an Authority and chairman of the Greater to the third quarter of 2011 from $376 to Memphis to significantly cut travel costs. area of concern for Memphis-based Memphis Chamber, remains optimistic $472, according to the Bureau of Transpor- They chose to make the seven-hour drive International Paper Co., whose executives that better days – meaning more plentiful tation Statistics, an arm of the U.S. Depart- on several occasions and also drove to extensively fly both internationally and flights and cheaper fares – are ahead. ment of Transportation. Little Rock to catch less expensive flights. domestically. “We are very hopeful for the future. Coming out of 2010-2011, when Crissy Lintner, a former Memphian “Our chairman and CEO, John Faraci, The airfare situation here should get domestic fares at Memphis International who is now creative director for Obsidian’s has stated publicly that this issue is defi- better going forward with more competi-
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Contact information Have your doctor call or fax prescription to (t)423-296-9022 (F) 423-296-9023. Hank Martin, CCIM, SIOR Toll Free: 1-877-426-9022 Toll Free Fax 1-877-426-9023. Any medication on the free list is free for the Elliot Embry 1st 90 days then refill is $5. NO QUESTIONS ASKED! All state and federal taxes do apply. One Commerce Square Pharmacist counsel available via phone 24-7 365 days a year for your medication convenience. Suite 1740 We also stock a large supply of other generic medications and brand name medications. Memphis TN 38103 Just give us a call for a price. We are not an insurance or do not offer insurance. The information contained herein has been given to us by the owner of the www.saigcompany.com property or other sources we deem reliable. We have no reason to doubt its No application fee or monthly dues. PO Box 8338 Chattanooga,TN 37414 accuracy, but we do not guarantee it. All information should be verifi ed prior tel 901 526 3100 to purchase or lease. [email protected] [email protected] WE LOOK FORWARD TO SERVING YOU!! www.thememphisnews.com April 28-May 4, 2012 17
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Cox has seen the ups and and because Minneapolis and Detroit are downs of the industry over the bigger and more prosperous hubs, Mem- past 30-plus years. phis and Cincinnati have been right-sized “It’s been like an accordion, to between roughly 120 and 150 flights per back and forth, since the 1980s day on average.” until today as airlines made Origin and destination (O&D) traffic money when the economy was remains low at Memphis International, good but lost substantially more although the airport is bolstered by being money when the economy was the busiest cargo airport in North America bad,” he said. “Now that Ameri- and second busiest in the world. In 2011, can Airlines is in bankruptcy, Memphis dropped to 65th nationally in every network carrier with the number of O&D passengers, partially due exception of Southwest Airlines to Delta’s reduced capacity. The city re- has gone out of business at least mains primarily a business market, where once, and some have gone away the bulk of travel is between Monday and permanently.” Friday when fares have always been more Spiking fuel prices are also expensive than excursion rates. partially to blame for the higher Cox points out that although South- fares, as the cost per barrel has west and AirTran Airways now have per- risen from $25 to as high as $149, mission to operate as a single airline, there with pricing more recently be- is still much to be done until the transition Photo: Lance Murphey tween $100 and $120 per barrel. is complete, including training employees, High prices and diminishing flight options have frustrated Memphis travelers. Cox sees a trend in the past implementing a common reservation sys- decade and especially in the tem, repainting the AirTran airplanes and tion,” said Cox. “We have also been very “There isn’t a simple solution. There past few years of airlines reducing capacity reconfiguring them to match Southwest’s encouraged by the (new) US Airways flight are many things that go into the way and raising rates. Certainly Delta, which business model. The transition is estimat- between Memphis and D.C.” airlines price their flights,” said Cox. “The operates one of its seven U.S. hubs here, ed to take two to three years to complete, Cox said the airport authority, the Con- things that have happened are beyond has reduced capacity out of Memphis but the city’s passenger and business vention & Visitors Bureau and the chamber our control, but there are good fares to be International. travelers can’t wait that long for Southwest are collaborating to attract more airline found, it just takes a little work.” “We have to face facts. We’ve always to beef up its presence here. service, while at the same time valuing the He cites various online pricing search been the smallest market in the United “We’re having good discussions with fact that there is a hub here and Delta Air engines, flying on the weekends when- States to have an airline hub,” said Cox. Southwest,” Cox said, “and we hope their Lines is able to offer at least three flights ever possible and making plans as far in “Over time because of the price of fuel, service in the Memphis market will occur per day to more than 50 U.S. cities. advance as possible. because Atlanta is bigger than Memphis, sooner rather than later.”
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special emphasis: LOGISTICS You Teach SMALL BUSINESS SPOTLIGHT What You Allow
The next time you catch yourself complaining about co-workers’ behavior in TransOne Looks to Expand the workplace, pause and think, “Am I doing something to teach or encourage those around me to behave in this way?” In general, we teach what we allow. Just One Year After Opening Perhaps one of the most common forms of teaching what you allow is allowing people to frequently interrupt you when you are JONATHAN DEVIN | Special to The Memphis News trying to focus on your impor- tant priorities. I certainly am ew opportuni- not suggesting ties are arising that you treat for intermodal your co-workers N companies as America’s chris cRouch rudely; however, post-recession rail SMART STUFF it is totally ap- industry gets back on 4 WORK propriate to tell track. them you are One such com- busy at times and ask them to come back pany, TransOne in West later (your boss might be an exception to Memphis, celebrated its this rule – but maybe not). Otherwise you, in first anniversary April effect, teach people that it is fine to interrupt 20 by lining up plans you at any time for any reason. to expand its trucking One of the benefits of a little daily plan- fleet. ning is that it will help you be very specific “In the last year about why you cannot spend time with an intermodal volumes are interrupter. You can specifically point to the climbing back up as the project you are focusing on and ask them economy improves,” if what they need is more important. Their said Alex Blankenship, request for your attention might be more im- president and owner portant on rare occasions, but in most cases of TransOne. “In some a reasonable person will likely honor your weird way it created request and come back later, if at all. If you the opportunity that have no specific plans and do not clearly pri- allowed us to start as oritize your work, odds are you will be fighting TransOne. Any time Photo: Lance Murphey off squeakiest wheels or randomly handling you have a problem it’s Alex Blankenship is president of TransOne LLC, a West Memphis-based company that provides intermodal transportation services in the Mid-South, as well as maintenance and repair. things as they become more urgent. In this also an opportunity.” state of mind, you will almost always default Blankenship to the interruption. It will probably seem like worked for other intermodal companies steps in to fix it. TransOne looks for both domestic a welcome relief. If you are not careful with for the previous 20 years and built his The selling point for TransOne cli- and international clients in case the this teach what you allow stuff, you will teach company on existing relationships with ents, said Blankenship, is proximity to a manufacturing market swings again. people that it is fine to miss agreed upon truck drivers and clients. major railroad. The company has no specialty but deadlines, to show up late for your meetings “It’s a long sales cycle and it’s a “It’s about real estate – location, rather transports products for any and generally ignore other agreed upon com- relationship-driven business, so that location, location,” he said. “Any time industry. Still, Blankenship said clothes, mitments. 20 years of being in the industry helped that you’re talking about transportation, food products, electronics and house- the closer you can get to a major rail hold items are par for the course. Some people take things a step further me,” Blankenship said. “It would have been hard to start this without any terminal, and the amount of time you TransOne employs 30 staffers and and actually invite people to interrupt them. knowledge or relationships.” can reduce between the terminal and 30 truck owner/operators, and Blan- A candy dish or interesting trinket on your He said that the rise in fuel prices on a storage facility, you save the shipper kenship said he hopes those numbers desk within easy view of people passing by top of the 2008 recession caused many money.” continue to grow. serves as bait to some people. These things, of the small to mid-sized regional inter- TransOne leases 92 acres at the “It’s not a high-margin business, but in effect, invite people to come in, have a modal companies to weaken or close, terminal yard of the Union Pacific Corp. we do a substantial amount of container snack, play around with your trinket and visit leaving gaps in 2010 and 2011 as the railroad in neighboring Marion. Union volume for smaller to mid-size inter- with you. market slowly came back to life. Pacific is one of five Class 1 railroads op- modal companies in the region,” he All this becomes especially troubling “There’s a market correction that erating in the Memphis area, and several said. “We look to increase our fleet size when you take over new responsibilities. Pay happens when you have excess (busi- years ago the company invested about in the next year by about 20 percent.” close attention to what your predecessor nesses in the industry),” Blankenship $75 million in the Marion terminal. TransOne serves a radius of 150 allowed (tardiness, long lunches, excessive said. “When things level out, some of Coupled with West Memphis’ position miles around Memphis. Future expan- socializing, etc.). It is best to go ahead and the smaller guys don’t make it. Hope- at the intersection of Interstates 40 and sion will involve setting up in another clarify how you plan to operate differently fully you have better market share on 55 – two of the busiest in the U.S. – and major city, perhaps Atlanta, and secur- as soon as possible after you take over. It the other side.” it’s easy to see that TransOne has indeed ing the same size radius rather than probably will not help you win any popular- TransOne offers three services – found the right location. expanding its footprint in Memphis. ity contests if your predecessor was overly operating a container storage yard; pro- Blankenship first approached con- “You could take this model and lenient; however, after a few days of allowing viding trucking containers to and from tainer lines and trucking companies that expand it out to other geographic behavior that you disapprove of, most people intermodal yards and distributors; and needed overflow capacity, and found locations over time,” Blankenship said, will assume you are OK with it. Here is an in- repairing and maintaining equipment. that there was business to spare. mentioning Charleston, S.C., and Dallas teresting saying that a friend of mine shared Domestic and international goods Container volume by rail had as other possibilities. with me years ago, “Absence of criticism is shipped in containers by rail are of- decreased some 20 percent during the In the meantime, he’s got a birthday implied approval to most people.” floaded to TransOne’s container yard recession, but manufacturing, particu- cake to eat as the company celebrates No one wants to work in a draconian for storage until they are needed by larly international manufacturing, was one year in business. environment, so I am not implying that distributors or they are driven directly to beginning to rise. “Being a startup company, this is you should never socialize or that informal the distributors on arrival. Blankenship also got business from a significant milestone in an industry interactions are not important in the work- The empty containers are then regional distributors who were getting of this size,” Blankenship said. “We’ve place. As with most things in life, reasonable stored in the yard to await another ship- interested in relatively short rail runs of made it through the first year of opera- boundaries are important. ment going the opposite direction. only 300-500 miles, which would nor- tions with a healthy cash flow and we’ve When rail or trucking equipment mally have been run by truck before fuel positioned ourselves to take advantage breaks down or needs service, TransOne prices sky-rocketed. of the years to come.” www.thememphisnews.com April 28-May 4, 2012 19
special emphasis: LOGISTICS Delta Declines to Address Refinery Rumors
BILL DRIES | The Memphis News
hen it was time for questions on own refinery to obtain jet fuel … any more wide margin. Capacity cuts at Memphis this week’s earnings conference than it needs to own a peanut farm to sup- International started in August, and pas- Wcall by Delta Air Lines Inc., the ply in-air snacks.” senger traffic here was down more than company’s president evaded questions Delta on Wednesday, April 25, reported 20 percent in March compared to March a about reports that Delta is considering it had posted a net loss of $39 million in year ago. buying an oil refinery in Pennsylvania. the first quarter of 2012 including taxes, The cuts came while Delta expanded Ed Bastian said Atlanta-based Delta but thanks to fuel hedging gains the airline at LaGuardia and began preparing for the does not respond to “industry rumor and posted its best March quarter since 2000 opening of the new international terminal speculation.” (for more on the results, see Page 34). at Hartsfield-Jackson International Airport The report surfaced earlier this month Delta’s decision not to respond came in Atlanta, the Delta flagship hub in the that Delta is considering a bid to buy the on an earnings call in which company ex- city it calls home. ConocoPhillips refinery in Trainer, Pa. ecutives remained bullish on a philosophy These moves enforced Delta’s view of According to Reuters, the Delta board of permanently cutting capacity and pass- the smaller role Memphis International has met twice to discuss a potential bid for ing on fuel price increases to customers. plays in its relatively new and still-emerg- the refinery, which, when operating, was They also touted recent moves at ing system following the acquisition of turning out 185,000 barrels a day. Conoco LaGuardia Airport in New York aimed at Northwest Airlines that closed in 2009. extended its deadline for selling the plant increasing Delta’s share of the business Anderson and other Delta executives by two months, also according to the passenger market. usually don’t mention Memphis during Reuters report. “We like the trajectory we are on, so we earnings calls unless they are specifically The reaction has been mixed. will stay the course,” Delta CEO Richard asked about it. When they have been The “Motley Fool” syndicated column Anderson said of what he described as asked about Memphis, they have said by Navjot Kaur concluded the deal “has “very disciplined capacity management.” the airport’s role in their system is to take the potential to give Delta the winning “This plan is the same strategy we have overflow passengers from Atlanta. edge over its competitors.” discussed with our investors for the last Anderson and the rest of the Delta Bloomberg columnist Virginia Postrel three years. So, please expect the same.” team make the argument every quarter said it was vertical integration taken too The capacity decisions have negatively and at presentations to analysts at confer- far. affected Memphis International Airport, ences that the overall philosophy is the “Vertical integration fools a lot of where Delta operates one of its seven U.S. correct one given the company’s results people,” she wrote. “Delta doesn’t need its hubs and is the dominant carrier by a for investors.
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CPAs and Advisors throughout the Southern U.S. | dhgllp.com/manufacturing 20 April 28-May 4, 2012 www.thememphisnews.com
special emphasis: LOGISTICS
part of the conference’s broader discus- Last year, Memphis leaders signed a sion about how infrastructure connecting trade pact with Paris leaders during the Memphis International Airport to roads World Airport Cities Conference held in Aerotropolis Brand and rails and riverports can change the Memphis. Under the pact each city agreed alignment of Memphis businesses with to refer economic development prospects the rest of the world. to the other city and make specific con- Richard Smith, the chairman of the nections in those cities when prospects Slow to Catch On aerotropolis branding and marketing are in search of a place to do business in working group, said “America’s Distribu- Europe or the U.S. tion Center” – the slogan adopted by the Smith has been talking with Chinese BILL DRIES | The Memphis News city in the 1980s that is sometimes com- officials about joining the pact as FedEx pared to the aerotropolis efforts – is 20th seeks to better align the impact of its ma- century in its origins. jor hubs on all three continents. Because it doesn’t reflect the global “That stalled a little bit I think mainly precise definition of an aerotropolis as a nature of not only trade but of the com- because there are so many major ports China balks at term development plan centered on an airport, petition in trade and the possibilities, in China that maybe the Chinese gov- as depicted by University of North Caro- civic leaders recently adopted the more ernment is having a little trouble with as FedEx looks to label lina professor John Kasarda. modern tagline “Memphis: America’s the rationale with positioning one over Guangzhou airport in Berry said he sees Alliance – with its Aerotropolis. Where Runway, Road, Rail another as Asia’s aerotropolis,” he said. intermodal facility, rail lines and interstate and River Merge.” “Singapore’s another one we might look at three-hub strategy access complementing Fort Worth Alli- But many are realizing that branding a to do that type of partnership with.” ance Airport – as more of “an extension” of city as an aerotropolis is difficult in other Whether that shifts FedEx’s focus the aerotropolis idea. potential markets for a variety of reasons. remains to be seen, but it left little doubt he president of the company that “You can’t duplicate this model in a lot Smith, the managing director of life that the aerotropolis concept is still look- helped give Alliance, Texas, the of places,” he said. “But you can stack a lot sciences and specialty services for FedEx ing to take flight as more than a catch- Tcountry’s first 100 percent cargo of those factors side by side.” Express, noted there is hesitancy about phrase. Others at the conference sense airport said he and others in the project It took three years from concept to the aerotropolis concept elsewhere, nota- doubt or indifference in some quarters to had the advantage of working with a rela- concrete for the airport built specifically bly in China. aligning the Memphis civic identity to the tively blank slate. for distribution and logistics to open in Smith has encountered some hesitan- concept, albeit for different reasons. But Hillwood Properties president Mi- 1989. More than 20 years later, Berry said cy among Chinese officials to designate “What do we really believe? What do chael K. Berry told this month’s Mid-South Alliance has outgrown its initial infra- the airport and FedEx hub at Guangzhou we really think about this as an opportu- Aerotropolis Conference that Alliance structure as the area expands to include as an aerotropolis and form a trade tri- nity?” were the two questions Cushman – which sits in the middle of the Dallas- corporate campuses, hospitals, single- angle with Memphis International Airport & Wakefield/Commercial Advisors LLC Forth Worth Metroplex – was built on the family homes and a town center. and Charles DeGaulle Airport in Paris. president and CEO Larry Jensen posed. “I principles of how the FedEx Corp. Super With that growth, Berry described Alli- The trio of international airports sometimes think that we underestimate Hub operates in Memphis. ance as “the mothership” for a larger area. comprise FedEx’s so-called “three-hub what our opportunity is. We have the Berry told the gathering at the Univer- The idea that the concept of Alliance strategy” linking Asia, North America and Memphis mentality sometimes that I’m sity of Memphis that Alliance doesn’t fit a has conceptual roots in Memphis was Europe. not sure we can do that.”
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special emphasis: LOGISTICS Experience Helps Harckum Lead Versant, CSCMP
BILL DRIES | The Memphis News
hen supply chain executives to Southaven in 2009 after a tornado temperate weather. Because of the city’s from different businesses in destroyed its plant in Earle, Ark., so the stature as a logistics hub, Memphis has WMemphis get together, they talk company has first-hand experience of how become a hotbed for firms specializing in about each other, said Glen Harckum, vital backup can be. supply chain logistics and, more recently, chairman of the local Council of Supply “They did not have a disaster-recovery “lean supply chain logistics.” Chain Management Professionals. plan. They almost completely folded as a “We can reach two-thirds of the “What we try to do is promote supply company,” Harckum said. “He’s going to country overnight by virtue of where we’re chain education,” Harckum said of the tell the story of what happened to them. geographically located,” Harckum said. group, “so people can see companies best But also how they survived as a company “You have so many companies that are practices and maybe they can take some- by bringing in the right company that can either bringing their own operations in thing away from this particular company. help them through the disaster recovery or they’re using third-party logistics (3PL) How they did it and apply it to their own HARCKUM but also preparing them, should another companies to be in an area where they can company?” disaster happen. A lot of companies don’t be quickly responsive to their clients.” Harckum who is vice president of XL (Express) that is now Mode Transporta- have disaster recovery plans.” All of those companies see workforce business development at Versant Supply tion. I’ve been with companies like that Felsenthal’s story will be a familiar one development as a critical priority, ahead of Chain – formerly Katt Worldwide Logis- in various operations, sales and executive to several members of the council includ- infrastructure improvements like an im- tics – began his career in a management level positions throughout my career.” ing Harckum. When the company was proved Lamar Avenue corridor or a third training program at Roadway Express right His time with the CSCMP goes back still known as Katt, Versant Supply Chain’s bridge spanning the Mississippi River near out of college. The list of businesses on his to the days in the early 1990s when the Hickory Hill facility was heavily damaged Memphis. resume reflects the nature of the industry, group was called the Council of Logistics in the Super Tuesday tornado of February “Workforce development is just the in which the company names and job Management. The group, which meets reg- 2008 that also damaged Sharp Manufac- most critical one,” Harckum said. titles change to reflect consolidation and ularly to discuss industry trends, will hear turing Co., Hardy Bottling Co. and other But he pointed out that the industry the latest ideas about moving goods. from Peter Felsenthal, the CEO of Whitmor industrial and retail properties in the area. has evolved. While those outside logistics “I’ve been with brokerage companies Inc. of Southaven at its May 24 meeting The companies that were hit rebuilt and supply chain management might be- such as the Hub Group (Inc.). I’ve been about the necessity of having a backup or here because of the city’s location, which lieve it only involves basic blue-collar labor with Penske Logistics,” he said. “I’ve been disaster plan. has been a driving force in the local that can lift or operate basic machinery with homegrown companies and with Whitmor, a home storage and orga- economy because of Memphis’ proximity with little beyond on the job instruction, Mark Seven Transportation that became nization products distributor, relocated to other markets, transportation assets and that is no longer the case.
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COVER STORy
The American Queen steamboat arrived at Mem- phis for the first time April 26.
gather at the river Beale Street Landing and the American Queen set up shop on the Mississippi
Story by BILL DRIES // Photos by LANCE MURPHEY
bout a year ago Memphians were funding across two presidential adminis- changed as the project drifted, federal of Memphis for visitors and locals. “It’s got drawn to one spot in particular on trations and three Memphis mayors. The funds dried up and changes at City Hall to be able to shrink and grow and morph the city’s riverfront. landing is mostly completed but is still a in 2009 – three mayors in four months – into what it needs to be for a given period At the foot of Beale Street, the work in progress with its riverside restau- obscured it. of time.” Mississippi River had risen last May rant and a gift shop to open in July. The landing and the industry have Still to come is more of the park Ato a level where the muddy water covered “It culminates our vision that we emerged on the other side. around the landing and on the new hill the intersection of Riverside Drive and shared with the city and with our private The giant slabs that are the platforms that is the roof of the restaurant and gift Beale, offering a view of an uninterrupted investors,” said Jeff Krida, the CEO of allowing access to the river itself at its shop. Some of that may have to wait river stretching three miles from the inter- Memphis-based Great American Steam- varying levels were tested in McKellar awhile. section to the levees in West Memphis. boat Co., the operator of The American Lake, south of the Wolf River Harbor and The Memphis In May International Not quite a year later, the highest Queen. “We’re excited because it show- then brought up river for attachment to Festival opens May 4 with the Beale Street river level since the record flood of 1937 cases Memphis. It showcases the fact that the landing’s structure the weekend be- Music Festival, followed by the World is matched with the arrival of the world’s Beale Street Landing was a great idea from fore the American Queen’s arrival. Championship Barbecue Cooking Contest largest steamboat at the nearly completed the beginning.” Above those platforms is the restau- May 17-19 and the Sunset Symphony on Beale Street Landing. The 418-foot long, 89-foot wide rant that is to open in July with other May 26. Last May, the American Queen was steamboat with four levels for 436 passen- retail space as well. It will be run by the The fenced-off landing was already a riverboat without an industry and the gers skews the scale of its surroundings owners and operators of Blues City Café drawing plenty of sightseers in the weeks landing was a construction project adrift on the Memphis riverfront but not the on Beale Street with a plan that Riverfront before the American Queen’s arrival. and out of political favor. But in the past long-held and at times partially realized Development Corp. president Benny Len- “It was a hard fight,” RDC board chair- year, the fortunes of each rose as rapidly goal of a riverfront that is more of an en- dermon said realizes the different crowds man John Stokes said earlier this month. as the river levels during the flooding. trance to the city and America east of the that come to the river at different times of “We had our naysayers. I guess we still The world’s largest steamboat arrived Mississippi River. the day and seasons of the year. have our naysayers.” Thursday, April 26, at Beale Street Land- When the Beale Street Landing project “What it is in February is not what it And some of the critics had a point. ing, the stalled-then-restarted civic proj- began there was an overnight riverboat is in April,” Lendermon said in explaining “We had (cost) overruns,” Stokes ect years in the making with patchwork cruise industry on the Mississippi. That the concept of a restaurant that is a taste admitted. www.thememphisnews.com April 28-May 4, 2012 23
The $42.5 million project was original- ly budgeted at $20 million when it went on the drawing board around the turn of the century. That total includes $38.1 mil- lion for the construction. Memphis Mayor A C Wharton Jr. initially said the project would be scaled back. He quickly discovered that during the mayoral drift, the project had gone too far to be scaled back. He talked of finding private sources of funding. But the talk grew quiet and criticism of the project grew more vocal. The criticism of a riverfront construc- tion project isn’t new to Lendermon. As city public works director he oversaw construction of the bluffwalk overlooking Riverside Drive and Tom Lee Park that opened in 1999 during the administration of Mayor Willie Herenton. The project had some important backers. But it also had some determined and vocal critics, including protesters who climbed some of the seven magno- lia trees along the bluff to be cut down for the project, and for a time refused to come down. Last year, GASC executives were in talks with leaders in Tunica about making the North Mississippi county’s river park the American Queen’s home port. Tunica leaders, according to Krida, said no when GASC talked of stops in Memphis. It was a deal breaker. GASC execs reached out to Tennes- see Gov. Bill Haslam, who linked them up with Wharton. And Wharton immediately saw it as a life preserver for the landing project. It is the latest addition to Tom Lee Park. The park was expanded in the early 1990s in a U.S. Army Corps of Engineers project prompted by the large crowds attending the Memphis In May Festival which at that point didn’t yet feature the Beale Street Music Festival. The Sunset Symphony had become so popular that the Memphis Park Commis- sion had to enforce a rule banning over- night camping on the riverbluff overlook- ing the park. The expansion also leveled out a Riv- TOP: Staff of the American Queen wave to onlookers at Beale Street Landing erside Drive that had developed some un- as the steamboat pulls into Memphis on April 26. planned dips and hills over the decades ABOVE: The Mark Twain Gallery on the American Queen is one of the steam- since the Crump era when the drive was boat’s many rooms where guests can relax on their cruise up and down the created on what had been a city dumping Mississippi. ground. RIGHT: Passengers can dine in luxury in the J.M. White Dining Room, part of The 1990s expansion of the park took the 418-foot long, 89-foot wide American Queen steamboat. in what had been John B. Edgar Point, a tiny ramp north of the original park that was where overnight riverboat cruises places before and they remember how.” J.R. “Pitt” Hyde and the city’s $9 million they were doing than steamboats,” Lend- docked. The industry has a high turnover ownership stake in the American Queen ermon said. The cruises then featured some rate. But Wharton pushed for GASC to that were the keys to the deal. Krida agreed. He said veterans of sightseeing in Memphis during the stop hire more Memphians with the idea that The city’s money is an advance of fed- the collapsed industry saw a market for and even an event or two at The Peabody the training they get will be applicable eral funding the city gets. It is to be repaid bringing back the cruises because of a hotel. And those who worked the boats to other jobs as the hospitality industry through the $89 boarding fee passengers river cruise industry in Europe that never were a part of the Memphis economy. grows in Memphis. pay not only at Memphis but at other went away. Krida is one of those veterans. But when GASC set up its headquar- “What’s been more complicated is all river ports on the journeys. He was president of Delta Queen Steam- ters at One Commerce Square last year, of the wonderful positive people from The deal was part of a third comeback boat in the mid-1990s when the company including a call center, the cruise busi- Memphis we hired that never did some in less than a decade for an industry hit commissioned the construction of the ness became a bigger employer with a of the jobs we had them in before,” Krida hard by the recession as well as the acqui- American Queen at a cost of $60 million. bigger presence. said. “That’s taking a little while and a lot sition of most of the cruise market by one Memphis was one of the stops of the Krida said the two years off the river of hard work.” carrier. then-new boat in 1995. hurt but didn’t permanently damage the Then-Memphis Mayor Dick Hackett Majestic America Line bought up “The fastest growing segment of the workforce along the river. also set a goal in the late 1980s and early most of the industry, including Delta travel industry for mature adults in North In New Orleans, the company has 1990s of relocating the headquarters of Queen Steamboat, in 2006. Less than two America in the last decade has been been working this month on a smoother Delta Queen Steamboat Co. to the city years later Majestic got out of the cruise European river cruising,” Krida said. “It’s and faster route from two of that city’s with Mud Island becoming a center for business taking down not only the 85 partly because Eastern Europe became hotels to the boat. boarding the boats. The talks didn’t pan percent of the Mississippi River cruises available. It’s been just huge. People look “It’s a little bit complicated in New Or- out. it had but the rest of the overnight cruise around and say, ‘Why can’t I cruise on leans because it’s so busy there,” he said. Three mayors and 28 years later when industry on the river. America’s rivers without having to be on “Some of our key staff that came from the discussions did work out, it was a “The prior company had issues that a $1,200, 14-hour red-eye flight and all of there did it for 15 or 20 years at all of these local investment by Pittco Management’s had a lot more to do with other things that.” 24 April 28-May 4, 2012 www.thememphisnews.com
SPORTS TICKER: Former U of M and NBA star Anfernee “Penny” Hardaway is partnering with Methodist University Hospital to host a basketball court for kids. Penny’s FastBreak Courts will hold sports training programs in a hospital gym. sports
sports
THE PRESS BOX DON WADE Grizzlies Shift Focus Nicest AD In the World To Playoff Grit, Grind Steps Down
ixteen years ago R.C. Johnson became the University of Memphis Sathletic director and he started the tradition of an annual media appreciation luncheon. John Calipari, among others, would have choked on the idea. On Wednesday, April 25, with John- son’s retirement just weeks away, he played host for a final time. He joked that his motives were not pure, saying he hoped these luncheons would prevent people from writing “bad things” about him and making fun of his hair. “It didn’t work out so well,” he said, deadpan. It was the one moment when the elephant in the room was acknowledged amid polite applause and R.C.’s easy, friendly way. He welcomed me and shook my hand before I could even get a lettuce leaf on my plate (forgive me, oh father, for I too have made fun of R.C.’s hair and questioned if he napped through confer- ence realignment). In the end, R.C. got the Tigers into the Big East. He got Calipari here to resurrect Memphis basketball. Of course, he also let Cal pull his strings all the way to a new job and eventual national title at Kentucky. The supposed firing of Larry Finch at the hot dog stand was a bum rap, but his quote about the Memphis airport being a AP Photo: Danny Johnston draw is an enduring punch line. Memphis Grizzlies forward Rudy Gay, right, and guard Tony Allen will be two big factors as the team prepares for the 2012 R.C. was good at fundraising (really postseason with a first-round matchup against the Los Angeles Clippers. The Clippers won two of three against the Griz- good), and not so good at shepherding a zlies this season, but Memphis won the most recent game with a 94-85 victory at home on April 9. football program that has yet another new coach. Longtime Commercial Appeal colum- Memphis must address key areas on the court to match last season’s nist Geoff Calkins criticized Johnson as much as anyone – “I called him bumbling success and make a deep run in the postseason. fairly frequently,” he said – but Johnson never held a grudge. He was gracious. DON WADE | Special to The Memphis News “He treated me better than I deserved,” Calkins said, “better than I treated him.” Chris Vernon hosts an afternoon show s the shortened but grueling NBA season was winding Rudy. Is it unfair to start this analysis by singling out one on 730 AM Yahoo! Sports Radio. His take itself down into so many ugly wins over mere Hornets, player? Maybe, but Gay is a 6-8 small forward averaging 19 on R.C.: “There’s people in this town that Bobcats and Cavaliers, the Grizzlies’ Rudy Gay looked points per game and in the words of center Marc Gasol: “His think he’s great and there’s people in this A back and summed up the journey. athleticism is unique. Nobody else on the team can do what town that think he’s terrible. I’m probably “We’ve played strong,” he said. “We’ve survived.” he can do.” in the middle because I like him. I think The challenges, especially the injuries, are well-docu- Which is one reason he has a five-year $84 million con- he’s a nice guy and that goes a long way.” mented, so there’s no sense in rehashing all of that again. tract. In the end, that’s probably why he Beginning this weekend, it’s all about the postseason – win or “It’s the one thing I’ve been waiting to do my whole ca- lasted 16 years. Even when he was way wait till next year. reer,” Gay said, noting he missed the playoffs last year with a wrong – six years of Rip Scherer and the Guard O.J. Mayo is not inclined to wait. He remembers shoulder injury. “I’m anxious to get the jitters out.” hiring of Tic Price to name two coaching too vividly that in the Western Conference semifinals against So are Grizzlies fans. mistakes too easily forgotten – R.C. never the Oklahoma City Thunder the Grizzlies were on the verge of Pounding the paint. It worked in last year’s playoffs when quit extending his hand and making you advancing another round. power forward Zach Randolph became a postseason star. It feel like you mattered. “Last year we stole home court in OKC and then we gave worked when Randolph went down with a knee injury early If I’d had any money, I’d have written it away in the triple-overtime (loss),” Mayo said. “That’s this season and the Grizzlies made Gasol the go-to guy; he the university a check myself. haunted me.” responded by putting up numbers that earned a spot on the Don Wade is a former sports reporter What lies ahead this time? Well, that’s why they play the Western Conference’s All-Star team. for The Commercial Appeal. His column games – to find out. As the Grizzlies prepare to face the Los But the Grizzlies also discovered they couldn’t rely on the appears weekly in The Memphis News. Angeles Clippers in a matchup of the No. 4 and 5 seeds, paint quite as much. They adapted by often playing a faster, there are several keys to the Grizzlies advancing past the first more free-flowing, style and sometimes that turned into get- round. ting away from their inside game. www.thememphisnews.com April 28-May 4, 2012 25
sports
A few games ago Gasol said they had to and Zach will be featured and at times it’ll “Where they get you is on the hustle delphia, has played well as a starter but is be careful to not become “so predictable be Rudy.” points,” said Dallas guard Jason Terry. still inclined to pout when confronted with offensively.” That comment came after Have plenty of Juice. Mayo hasn’t start- “The thing that really carries them is adversity. Gasol took just three shots and scored six ed a game all season, but it doesn’t matter their opportunity to get steals, which leads And there will be adversity. Cunning- points against New Orleans. His message because he has become the fourth-quarter to fast-break points,” said the Lakers’ Kobe ham has been the best energy source this closer and is the team’s most dangerous Bryant. side of Allen, and Pondexter has quietly 3-point shooter. The new guys. Namely, the guys that become an effective role player. “O.J. has embraced his role to the hilt general manager Chris Wallace brought Even holdover backup center Hamed and has played outstanding,” said coach in as the season was just getting started: Haddadi has contributed here and there. Lionel Hollins. forwards Dante Cunningham and Mar- So, is the roster better than last season? That role has included logging minutes reese Speights, and swingman Quincy “I would say maybe,” Hollins said, “but at point guard, but this is a delicate bal- Pondexter. that doesn’t guarantee anything. We have ance for Hollins. The late-season signing of Speights, considered a bust with Phila- to go out there and do it.” Memphis native Lester Hudson may allow We still want to get the ball Hollins to give Mayo maximum offensive inside, dominate the paint. freedom, but if there are times the choice redbirds prep for homestand Teams try to make us play is having Mayo run the team from the point or living with a few minutes of rook- from the outside, not let The Memphis Redbirds are back at AutoZone Park with a pair of ies Jeremy Pargo or Josh Selby, well, that’s home series against the Omaha Storm Chasers and Iowa Cubs. After starting the season the bigs touch the ball. At no choice at all. times, Marc and“ Zach will Defend, defend, defend. Elementary, 1-9, the Redbirds rallied to win six of their next nine. Here’s their upcoming schedule. be featured and at times right? But the intensity required to do it it’ll be Rudy.” well tends to ebb and flow. When the Grizz DATE OPPONENT TIME have that intensity, “you can really see the April 28 Omaha 6:05 p.m. – Mike Conley face of this team,” Gasol said. Grizzlies guard Especially on the wild-eyed face that is April 29 Omaha 1:35 p.m. Tony Allen, who could be asked to man-up April 30 Iowa 7:05 p.m. on Clippers’ explosive point guard Chris isn’t lost on point guard Mike Conley. Paul (a tough matchup for Conley). May 1 Iowa 7:05 p.m. “We still want to get the ball inside, While Hollins likes to downplay the May 2 Iowa 7:05 p.m. dominate the paint,” Conley said. “Teams Grizzlies’ league-leading steals, opponents try to make us play from the outside, not say the defensive energy and steals sepa- May 3 Iowa 12:05 p.m. let the bigs touch the ball. At times, Marc rate the Grizzlies from other teams.
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Contact Ed Rains today to talk about how we might help your Web and IT efforts. Call 901.351.9391 or email him at [email protected]. 26 April 28-May 4, 2012 www.thememphisnews.com
arts & culture
arts Plantation Setting for Fundraiser
JONATHAN DEVIN | The Memphis News
he glory of the past and the art of the present collide along the Missis- Tsippi River as West Memphis-based DeltaARTS unveils a first-time event. “Art on the Levee at Waverly Planta- tion” will showcase one of the few remain- ing Antebellum homes on the Mississippi River levee in Eastern Arkansas, on Satur- day, April 28. “What I’m impressed about is that they have preserved the old and added the con- temporary,” said Amelia Barton, executive director of DeltaARTS, referring to Jerri and Pat Crase, who own Waverly Plantation, about 20 minutes from Midtown Memphis. “It’s a perfect blend. They’ve guarded the integrity of the home and it’s absolute- ly charming. It has the really high ceilings and beautiful woodwork and exquisite pine floors. There’s lots of light and air.” The five-bedroom house was originally built in 1880 right alongside the Missis- sippi River, but in 1915 when the levee was built, the house was picked up and moved Photo: Courtesy of Sandy Kozik farther back onto the plantation. One of the few “Most of his pieces are very large and very “After that, it’s amazing that the house remaining Antebel- expressive. I think his work is very similar lum homes in the is in such wonderful shape,” Barton said. to David Comstock’s.” Mississippi Delta, The Crases bought the house not long Waverly Plantation, And the juxtaposition of modern art ago and found that it needed only a minor will be host to a inside a pre-20th century home is no acci- cosmetic renovation. Structurally it was new fundraiser by dent. The event, said Barton, was designed DeltaARTS called as strong as it ever had been. A swimming to appeal to history buffs and modern art “Art on the Levee.” pool was added later. The house has never in which a historic aficionados alike, in a setting that supports been opened for a public tour before. home tour will be both. She hopes the event will raise at least Barton credits DeltaARTS’ develop- combined with $15,000, which will support DeltaARTS’ more modern forms ment coordinator Becky Bland for creating Wolf Trap program, which integrates mu- of art. The Snake an event around the house. Doctors, right, will sic, theatre, and dance into the curricula “A really good friend of (Bland’s), Jerri perform at the char- of kindergarten and Pre-K students, and Crase, bought the house,” Barton said. ity event. their Lincoln Center Imaginative Learning “Becky visited and thought this would be Photo: Courtesy of The Snake Doctors program, which offers arts programming a wonderful event to have there. We don’t party band The Snake Doctors will play a Hughes Smith, Twin, Melissa Dunn, Tim for grades K-12. have any other fundraising events like this, danceable mix of rock and blues. Andrews, David Comstock, Anne Davey, DeltaARTS was formerly known as the and we were looking for something very The Snake Doctors have been regular Gail Fogelman, Sherri Reid and home- Arts Council of Crittendon County, but special.” performers at DeltaARTS’ annual Blues in owner Pat Crase. changed its name when their programs The tour will be unstructured – guests the Park event for the last three years. Barton said she expects mostly paint- reached across the river in to North Missis- will be able to stroll through the home as Inside the house, a silent art auction ing in the auction though some of the sippi and West Tennessee. they like with an informational booklet will offer works from a host of local artists artists do sculpture as well. Tickets for “Art on the Levee at Waverly as their guide. Outside, a seated catfish including Dolph Smith, Jimpsie Ayres, “He’s very contemporary, and he works Plantation” are $75 and can be purchased dinner and drinks will be served, and the Betsy Brackin, Mary Long Postal, Sally in very bold colors,” Barton said of Crase. by calling 870-732-6260 or at the door. happenings
»Community The 2012 Puppy Up! Walk will be held Visit seminars.memphisdaily- Seminar Wednesday, May 2, members, $160 for nonmem- news.com for more informa- from 2 p.m. to 3 p.m. at the bers and $65 for students. The Tour de Cure to benefit Sunday, April 29, at noon at Rainbow Lake tion or to register. MAAR Computer Lab, 6393 Visit npexcellence.org or email the American Diabetes Asso- Pavilion in Overton Park. The two-mile walk Poplar Ave. The RegionPlus [email protected]. ciation will be held Saturday, Dr. Kenneth T. Whalum Jr., West Tennessee Residential April 28, at Mud Island River » in support of cancer research for dogs and Shelby County Schools board Service Training Seminar will TThe American Heart Asso- Park. Registration begins at humans will begin at 1:45 p.m. Registration commissioner, will hold the be held from 3:30 p.m. to 4:30 ciation will host “Girls Night 7 a.m. The 62 and 35-mile second annual countywide p.m. at the MAAR Computer Out,” its annual Go Red for rides begin at 8 a.m. The cost is $20 before April 27 and $25 after. Visit town hall meeting for teach- Lab. Visit seminars.mem- Women fundraiser, Thursday, 10-mile ride begins at 9 a.m. www.2milliondogs.org to register. ers, parents, students and phisdailynews.com for more May 3, from 5 p.m. to 9 p.m. Registration is $15. Visit www. community stakeholders information or to register. at Hilton Memphis, 939 Ridge diabetes.org/tourmemphis to Tuesday, May 1, at 6 p.m. at Lake Blvd. The guest speaker register. New Olivet Baptist Church, The Alliance for Nonprofit is Jenna Bush-Hager. Cost is campus. Proceeds benefit free seminar Tuesday, May 1, 3084 Southern Ave. Doors Excellence will hold its annual $100. For more information, The National Association the Memphis branch of the from 3:30 p.m. to 4:30 p.m. at open at 5:30 p.m. Contact conference Wednesday, May contact Dianna Dawson at for the Advancement of NAACP ACT-SO Youth Pro- The Germantown Great Hall Tiffany Newby at tnewby@ 2, from 8 a.m. to 4 p.m. at [email protected] or Colored People will hold gram. Cost is $20. For details and Conference Center, 1900 olivetbc.com. Clark Opera Memphis Center, 825-4281. Memphis Gospel Fest Satur- and where to buy tickets, visit S. Germantown Road. The 6745 Wolf River Blvd. The day, April 28, at 7 p.m. at the gettothis.com. seminar will discuss how to Chandler Reports will topic is “Powerful Networks: Michael D. Rose Theatre on effectively use The Daily News present the Shelby County Nonprofits, Social Media and HAPPENINGS, CONTINUED the University of Memphis The Daily News will hold a Online’s features and tools. Residential Service Training Community.” Cost is $120 for ON PAGE 27 www.thememphisnews.com April 28-May 4, 2012 27
Week of 4/16/12 - 4/22/12 crosswords The Weekly happenings HAPPENINGS, CONTINUED FROM PAGE 26 Crossword Edited by Margie E. Burke Cooper Young Night Out will be held Thurs- balletmemphis.org or call 737-7322. The Weekly Crossword by Margie E. Burke day, May 3, from 5 p.m. to 9 p.m. at business- 1 2 3 4 5 6 7 8 9 10 11 12 13 es in the Cooper-Young neighborhood. Visit Lin Workman is holding an art sale to raise ACROSS cooperyoung.biz for a list of activities. money for The Orpheum’s planned Perform- 1 Lowe of "Pretty 14 15 16 ing Arts and Leadership Center through Little Liars" Mothers of the NILE, a program of the Na- Sunday, April 29, during “The Addams 5 Composed, as a 17 18 19 tional Institute for Law & Equity, will hold its Family” shows at the theater, 203 S. Main St. fifth annual banquet Thursday, May 3, at 5:30 Twenty percent of proceeds will benefit the letter 20 21 22 23 10 If all ___ fails... at First Baptist Church – Broad, 2849 Broad center, expected to break ground in 2013. For 24 25 Ave. The theme is “Mothers on the Move – showtimes and tickets, visit www.orpheum- 14 Honolulu's home What’s Going On?” Cost is $30. Call 272-3819 memphis.com or call 525-3000. 15 Macho guys 26 27 28 29 30 31 32 33 34 for details and reservations. 16 Hatfield/McCoy Gallery Ten Ninety One presents the Mem- affair 35 36 37 38 39 The Madison Hotel will continue its 2012 phis Camera Club’s exhibit “Put Your Best Sunset Atop the Madison series Thursday, Foot Forward” at the WKNO Digital Media 17 Barrel of laughs 40 41 42 43 18 Pole vault, e.g. May 3, from 7 p.m. to 11 p.m. at the hotel, 79 Center, 7151 Cherry Road, through April 30. 44 45 46 Madison Ave. Deering & Down will perform. For more information, call 458-2521. 19 Repel, with "off" Cost is $7. For details, call 333-1200. 20 Clothing tag 47 48 49 50 51 52 ArtsMemphis will hold the Orange Mound instruction Pop Up ArtsFest Sunday, April 29, from 1 p.m. 22 Department 53 54 55 56 »Arts to 5 p.m. at the Melrose High School stadium, 3870 Deadrick Ave. The event will include a created by 57 58 59 60 61 62 63 The Germantown Performing Arts Centre Carter will hold Viva La GPAC Saturday, April 28, at performance by hip-hop/rap artist Al Kapone with the Memphis Symphony Orchestra 24 Ship captain's 64 65 66 67 6:30 p.m. at GPAC, 1801 Exeter Road. The event will include dinner, music, and live and and U Dig Dance Academy, as well as other post 68 69 70 silent auctions. Cost is $150 per person or concerts and activity booths. Cost is free. For 25 Fox follower $1,500 per table of 10. R.S.V.P. to Deni Hirsh details, contact Julia McDonald at jmcdon- 26 Muslim holy city 71 72 73 at [email protected] or 751-7505. [email protected] or 578-2787. 29 Part of mph Copyright 2012 by The Puzzle Syndicate 31 Kind of coffee Playhouse on the Square will hold its 35th The Orpheum Theatre will present “The 35 Horror-stricken DOWN 34 Milestone 56 Say "not guilty" Annual Original Art Auction Saturday, April Addams Family” through Sunday, April 29, at the theater, 203 S. Main St. For showtimes 37 Michele of "Glee" 1 Firewood birthday 57 Hence 28, at 6:30 p.m. at Playhouse, 66 S. Cooper St. A silent auction begins at 10 a.m. Cost and tickets, visit www.orpheum-memphis. 39 In the past quantity 36 ___ for tat 58 Daybreak, is $25. For more information, visit playhou- com or call 525-3000. 40 One with an 2 Samson's pride 38 Blind-bat link poetically seonthesquare.org or call 725-0776. artistic career 3 Sailor's shout 41 Pan handler? 59 Voting group The Stax Museum of American Soul Music 44 Chess pieces 4 Holland hat 42 Magazine edition 60 Snowman Ballet Memphis will host its 25th Anniversa- will hold Stax to the Max: A Soulsville Street 45 "We ___ 5 Potter's device 43 Gorbachev accessory ry Gala Saturday, April 28, at The Columns at Festival Saturday, April 28, from noon to 7 p.m. at the museum, 926 E. McLemore Ave. People..." 6 Overhaul policy 61 At any time One Commerce Square. The cocktail dinner will begin at 7 p.m. and the performance will Cost to the festival is free; admission to Stax 46 At an angle 7 Warning sign 48 Make a claim 62 Indian garment begin at 8 p.m. Individual tickets are $300. is $1 from noon to 5 p.m. Visit staxmuseum. 47 Rose oil 8 Hamilton's bill 49 Caviar source 63 High-five sound For more information or tickets, visit www. com for details. 50 Bungle 9 Computer key 51 Band tour toter 66 Make a wager 52 Like most chips 10 Worn out 54 Stockpile 53 Bread purchase 11 Lascivious look Answer to Last Week's Crossword 55 1995 film, "Mr. 12 Like an aria LETUP BOGUS BOT Holland's ____" 13 Circular current ARISE AVERT ODE 57 Insignia 21 Canine line GREEN SEDGE SOP 60 Lack of color 23 Sign of approval NADIR ENDURE 64 Actor's part 25 Genealogy chart ECHELON INCENSE 65 Put up with 26 Underground CHATTY ANTIC 67 Elliptical shape lava LEI YEAST LAPSE 68 Pirate's drink 27 Plumed wading AERY NISEI FLEX 69 Old photo color bird TRYON SERGE AVE 70 "Will be", in a 28 Monk's monotone DEALT LATTER Doris Day song 30 1965 film, "The RESERVE TORRENT 71 At one time Sons of Katie EVOLVE BIOME 72 Trusty mount ____" PAL ORBIT UMBRA 73 Game show 32 Erie or Panama ADO USUAL FORAY prize, often 33 FBI operative YEN SENSE FRAME
Sudoku Edited by Margie E. Burke Edited by Margie E. Burke Difficulty : Easy HOW TO PLAY Each row must contain the numbers 1 to 9; each column must contain the numbers 1 to 9; and each set of 3 by 3 boxes must contain the numbers 1 to 9. Answer to Last Week's Sudoku Copyright 2012 by The Puzzle Syndicate 28 April 28-May 4, 2012 www.thememphisnews.com
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real estate & development Chandler Event to Examine Q1 Data
SARAH BAKER | The Memphis News sures and rentals, said HUD’s portfolio also with Memphis Mayor A C Wharton comes out of an agent in Memphis,” Spake of foreclosures are drifting downward, a Jr.’s efforts around blight reduction. said. trend he attributes to underwriting stan- “We’re looking particularly at the Trends Spake is seeing right now are dards going up. kind of partnerships that exist between that people aren’t moving unless they have helby County home sales increased “Most foreclosures happen fairly close multifamily operators – management to, such as for a job relocation. In short, if 20 percent in first quarter com- to the origin of the loan, and the things companies and owners and social service sellers have to bring money to the closing S pared to last year, but that number that we’ve been doing over the last few providers,” Gemmill said. “That’s some- table, they’re staying put. requires some reading between the lines. years are holding up pretty well, so our thing that we’re kind of ramping up; one of That, coupled with investors picking That’s why real estate information REO (real estate-owned) portfolio is way the key goals of HUD is to try to promote up low-end properties in bulk, are keeping company Chandler Reports is hosting down from what it used to be,” Gemmill efforts that use our multifamily housing as inventory levels at historic lows. its “Master Your Market: First Quarter said. “We used to have more than the a platform for improving tenant’s quality “When the inventory was high, lots Update” event for local agents, appraisers, banks privately held, and now we’re kind of life.” of houses were selling, so there’s lots of builders, investors and bankers Thursday, of more of a minor player, which is I guess Following Gemmill’s presentation people that bought into the bubble,” Spake May 3. Topics of discussion include Shelby good news.” will be a panel discussion with Joe Spake said. “Now, even though they might have a County residential and commercial sales, One piece he plans to expand on is the of inCity Realty and David Umsted, vice great house, it’s not worth what they paid mortgages, foreclosures and new housing recent $25 billion U.S. Attorney General president of Merchants and Planters Bank for it.” inventory. settlement and how that impacts the state. Home Loans. Spake said a hot topic for The cost to attend the seminar is $10 The event is slated for Thursday from 3 “The settlement is a big deal and we his business right now is the impact of syn- for Chandler Reports subscribers and p.m. to 4:30 p.m. at The Great Hall of Ger- hope it might be turning the tide on some dicated websites like Zillow and Trulia on $15 for non-subscribers. Cost includes a mantown’s Media Room, 1900 S. German- of the foreclosure prevention efforts,” consumer confidence. Pricing on Trulia, copy of the presentation and first quarter town Road, behind City Hall next to the Gemmill said. “The state got $141 million for instance, only reflects one tax rather market trend reports. Anyone interested tennis courts. The keynote presentation that they’re putting into mostly going into than including both county and city taxes, in attending can contact Wendy Greenlaw, will be from John Gemmill, director of the the Tennessee HUD agency, a lot of which which can skew out-of-town homebuyers’ Chandler Reports business development Memphis field office of the U.S. Depart- is going to go to housing counseling and perception of pricing. manager, at 528-5273 or wendy@chandler- ment of Housing and Urban Development. foreclosure prevention.” “The information that the consumer is reports.com. Gemmill, who will update the crowd on Gemmill will also touch on the mul- getting and something that comes out of a Chandler Reports is a division of The HUD housing, mortgage activity, foreclo- tifamily situation in HUD’s portfolio, and computer in Seattle versus something that Daily News Publishing Co. Inc.
INKED XSE Group Leases 40,214 Square Feet on Airpark Street
SARAH BAKER | The Memphis News
A Middletown, Conn.-based office supply printing Bartlett at 7585 A E Beaty Drive. The flex industrial facility Stan Myers represented the landlord in house. company has entered the local industrial scene, taking was previously occupied by ATMGurus and is made up of advantage of Memphis’ centralized logistical capabilities. half office and half warehouse space. And Highland Meadows, a 600-unit apartment com- XSE Group Inc. has leased 40,214 square feet in XMC is the second largest Xerox dealer in the U.S., munity at 5045 Airways Blvd., sold to New York-based Building 14 of Airport Distribution Center, 4006 Airpark with nine locations in four states. The company was for- Highland Meadows Partners LLC, for $5.5 million, or St., owned by San Francisco-based ProLogis Inc. merly in Cordova at 823 Exocet Drive, suite 109. $9,233 per unit. Tommy Bronson and Blake Pera with Bobby Daush with CB Richard Ellis Memphis repre- Cates, Thomas and Driscoll represented the tenant. CBRE’s Multifamily Division represented the lender, sented the tenant. Colliers’ J. Hickman represented the landlord, Weston Paradigm Credit Corp., in the sale. “They’re expanding into Memphis because they’re Cos. Built in 1975, Highland Meadows contains one- and expanding their national footprint,” Daush said. “They’re “We’re tickled to death to have XMC as a tenant,” two-bedroom units with an average unit size of 894 expanding westward from Connecticut to the Memphis Hickman said. “We think they’re a great fit, not only in the square feet. Amenities include a swimming pool, lighted area because of the old adage of trying to reach more of size of tenant for the development, but also the class of tennis courts, fitness center, clubhouse, walking track the U.S. in a quicker amount of time from a central loca- user. They’ll be a great fit for our tenant mix and for the and picnic area. The Class C complex spans 475,884 tion.” development itself. Those buildings are pretty new build- square feet and had a 2011 appraisal from the Shelby The Colliers International industrial team of Andy ing still.” County Assessor of Property of $7.2 million. Cates, Preston Thomas and Mike Driscoll represented Bronson said in a release that this is the second the landlord. Meanwhile, Nestle DSD Co. has signed a lease for acquisition for the purchaser in the West Winchester/ “It’s a great tenant because it was an older building, 5,625 square feet of flex space in Belz Enterpris- Memphis International Airport area. but it had really good clear height,” Cates said. “The es’ Shelby Oaks Industrial, 1691 Shelby Oaks “Highland Meadows … should provide them building was 28-foot clear, and they were able to get a Drive. excellent economies of scale,” Bronson said. really good price on a building that had tons of clear Daush, who represented the tenant, said “Similar to their first acquisition, this is a value- height, which is pretty unique for the market.” the Northeast submarket is in proximity to add opportunity that provides plenty of upside Cates and his team placed Ewing Moving Service Inc. Nestle’s customer base. to a good operator that is willing to re-capi- & Storage into Airport Distribution Center Building 14 “This location was trying to get quicker talize that asset. The sale demonstrates their earlier this year for 81,000 square feet. With XSE’s new access to Nashville and West Tennessee, belief in the Memphis market.” lease, the 121,689-square-foot industrial warehouse is rather than a tri-state region to where they’re now 100 percent leased. trying to serve Arkansas and Mississippi,” Send commercial lease announce- Daush said. ments to Sarah Baker, who can be In other deals, XMC Inc. has relocated and expanded “They’re trying to stay on the east- reached at 521-2464 or sbaker@ its corporate headquarters into 15,000 square feet in ern side of Memphis.” memphisdailynews.com. www.thememphisnews.com April 28-May 4, 2012 29
news
Appraisals Institute Shares Tips on Appeals
With the June 30 deadline for achieve market valuation for the property. credible, reliable opinions of value. Also, is where the difference of opinion usu- Shelby County 2012 tax appeals quickly The assessor is not interested in seeing a many appraisers collaborate with prop- ally arises. That is why it is always best to approaching, here are some suggestions consumer bring in reams of data to sup- erty tax consultants and attorneys who start with an appraisal. for homeowners considering an appeal. port their position, as too much informa- specialize in tax appeal matters, which The consumer should keep in mind Don’t assume that the assessor is “out tion will usually leave everyone confused. could provide the best opportunity for a that assessors are usually adept at spot- to get” the property owner. In a perfect Sometime the assessor’s value is higher property owner to increase the chances ting faulty appraisals and “hired gun” world, the assessor’s value of a particular than market value, but the public should of a successful tax appeal. appraisals, which appear to be unreason- property would match market know that sometimes the There can be different stages of tax ably low. value. ERIC A. TROTZ assessor’s value is lower than appeals based on the municipality, and That is why it is very important to However, the assessor is Guest column market value, and the public property owners should check with an choose an appraiser whose work not only not able to look at each prop- should treat the assessor experienced local appraiser, a property conforms to accepted industry standards, erty individually as an appraiser would. as if they are a partner more so than an tax consultant or their assessor’s office but to a strict code of ethics such as the The assessor applies a value model to adversary. who can shed light on the local appeals one governing the actions of Appraisal produce what is called a mass appraisal. Property owners can be emotional process. Institute-designated members and as- This differs from an individual appraisal about their homes, and that can get in the Assessors’ offices have generally be- sociates. performed for a client, which focuses only way of allowing the assessor to generate come more precise lately due to their use on a particular property. Naturally, a mass an agreeable value. It is preferable to have of technology, which allows them to gain Trotz is president of the Memphis appraisal is often less precise. an independent appraisal prepared and access to the same data as a property Chapter of the Appraisal Institute. For Most assessors’ offices will work present that to the assessor, as apprais- owner, appraiser, tax appeal consultant or more information, visit www.aimemphis. with an individual or company to try and ers are third-party experts who provide attorney. However, how the data is used org or www.appraisalinstitute.org .
8037 waterford circle Capital LP, working under the name memphis, tn 38125 Memphis Villas LLC, has bought REAL ESTATE RECAP sale amount: $21.5 million The Villas at Cordova apartments for $19.3 million – $5 million more Sale Date: April 11, 2012 than the complex sold for in foreclo- Buyer: WRT-Waterford Place LLC sure last year. Former Mall Acreage to Be Seller: GECMC 2006-C1 Waterford Seller GECMC 2006-C1 Prestine Circle LLC Loop LLC, an affiliate of special ser- Details: The 320-unit Waterford vice lender LNR Partners LLC, paid Industrial Development Place Apartments in Southeast $14.2 million in May for the Class A Shelby County has sold for $21.5 complex at 8546 Prestine Loop. KATE SIMONE | The Memphis News million, $3 million more than an af- Built in 2003, the Villas at Cor- filiate of special service lender LNR dova – which the Shelby County Partners LLC paid for it at a May Assessor of Property lists at 8341 foreclosure sale. Macon Road – contains 256 units
240 S Perkins Rd Avron B. Fogelman Expy WRT-Waterford Place LLC, a and 345,883 square feet, and sits on entity related to Boston-based real 17.29 acres at the intersection of Ma- estate investment trust Winthrop con and Cully roads. The assessor’s James C Bridger Way American Way Realty Trust, closed the deal April 2011 appraisal was $18.1 million. 11 for the Class A property at 8037 Former Mall Waterford Circle. 1688 jackson ave.
Colony Park Dr Park Colony of Memphis site Built in 2001, Waterford Place memphis, tn 38107 is situated on 27.9 acres on the east sale amount: $337,500 side of Hacks Cross Road north of the street’s intersection with Tenn. Sale Date: April 5, 2012 385. The Shelby County Assessor of Buyer: Marketplace Development
Cherry Rd Property, which lists the complex at LLC 4280 Hacks Cross Road, appraised Seller: The Bornblum Foundation Cottonwood Rd it in 2011 at $21.9 million. Winthrop Loan Amount: $1.2 million Realty Trust is a publicly traded Loan Date: April 5, 2012 address here REIT that operates in four business Maturity Date: April 15, 2018 segments: operating properties, real Lender: Iberiabank ACREAGE ON FORMER MALL OF MEMPHIS SITE estate securities, loans and existing Details: Marketplace Development SALE AMOUNT: $2.7 million tenant-in-common interests. LLC has bought a strip shopping center at 1688 Jackson Ave. from The Sale Date: April 18, 2012 8456 Prestine loop Bornblum Foundation for $337,500, Buyer: Memphis Industrial Properties LLC cordova, tn 38018 financing it with a $1.2 million loan Seller: Memphis Mall Holdings LLC sale Amount: $19.3 million through Iberiabank. Details: Johnson Development Associates Inc. has closed on its acquisition of more Built in 1920, the 10,761-square- than 100 acres on the former Mall of Memphis site that the company plans to develop Sale Date: April 13, 2012 foot, Class C center is on 0.6 acres into an industrial park. South Carolina-based Johnson, working under the name Buyer: Memphis Villas LLC on the north side of Jackson Avenue, Memphis Industrial Properties LLC, bought the property from Memphis Mall Hold- Seller: GECMC 2006-C1 Prestine bounded by North Evergreen Street ings LLC for $2.7 million. Loop LLC on the east and Henry Avenue on The industrial park – which will be on the northeast corner of Cherry Road and Loan Amount: $15.7 million the north, and east of North Belve- American Way Boulevard near Perkins Road and Interstate 240 – will include three Loan Date: April 17, 2012 dere Boulevard. The Shelby County office/warehouse and distribution buildings with loading docks spanning about 1 Maturity Date: N/A Assessor of Property’s 2011 appraisal million square feet. The plan, passed by the Memphis City Council March 20, will Lender: Keybank NA was $180,400. Both Marketplace De- likely entail build-to-suit activity rather than spec. Details: Los Angeles-based invest- velopment and Bornblum are based For more details on this development, see Page 32. ment fund QVT Mount Auburn in Memphis. 30 April 28-May 4, 2012 www.thememphisnews.com
Examples of Beat Memphis Law Talk Poetry at its Finest Family Ties Inspired Last week we took a peek at the police blotter work of Sgt. Jennifer Shockley of the Unal- aska, Alaska, police department. Sgt. Shockley has been featured on NPR, on Baptist to Pursue Law KTUU-TV, in Anchorage and on KUCB radio in Unalaska. Shockley is clearly a wry and witty word wizard, if not, as the TV piece suggested, a frustrat- ANDY MEEK | The Memphis News ed writer. From the sites of NPR, KTUU and KUCB, here are a few more examples of her work: “Caller reported a middle-aged Beagle had walked into her home and stayed there for the last hour. Officers tried unsuccessfully to capture the errant canine, which was retrieved by his owner about three hours later.” “A twitchy bunkhouse VIC FLEMING resident claimed ... his I SWEAR housemates have been removing his fingerprints from framed photographs in order to incriminate him in nefarious crimes. An officer advised the man to better secure his personal belongings and suggested that reducing illicit drug use might also reduce his paranoia.” “A grocery store patron demanded that she be given a bag of shrimp for which she claimed to have already paid. The patron stalked off with the shrimp after an employee, believing something fishy might be going on, took the matter to a supervisor.” “Captain reported a crewman had not returned to the vessel. The missing crewman, who had been enjoying the company of a lady friend, returned about an hour later.” “Of- ficer assis- I Swear Crossword tance was Fleming’s weekly puzzle Page 27 requested at what appeared to be a fight at the Harbor View Bar, but which was in fact a drunken man and woman falling down, getting up, falling down again and then getting up baptist with assistance which was clearly needed but not appreciated.” “Officers responded to a residence after receiv- hsaki Baptist, an associate in name on the proverbial shingle. She She also enjoys pro bono work, ing a garbled phone call about an emergency at that the Memphis office of Wyatt wanted, in essence, a big-firm feel in and is proud of Wyatt Tarrant’s focus location, and found a man and his son in the midst Tarrant & Combs LLP who’s a relatively small city. Wyatt Tarrant on it. of a wrestling match. The two were fighting about A been with the firm for five years, was is a regional firm that’s in several cit- “When I first started, I got in- the son having had some alcohol earlier in the day, surrounded by the law growing up. ies across multiple states. volved with Memphis Area Legal and the son began throwing things about the house. The profession runs through her The firm traces its history back Services and got a pro bono case,” Officers were able to defuse the situation.” family. She watched and loved fic- 200 years, to the frontier days of she said. “I think a lot of times you “Apparently unable to stay away, a grown man tional heroes like Matlock and Perry 1812. So there is a storied legacy, a don’t realize how special lawyers returned to his parents’ home and began banging Mason. deep bench of talent – and plenty are, in the fact that we have a special on the front door. J*** L. M***, 27, was arrested for “I have a lot of lawyers and judges of room to grow for a lawyer like skill that can help people. Criminal Trespass II.” in my family, so they had a huge Baptist. In its history, Wyatt Tarrant “The fact that I was able to help “Drunken boarding house tenant reported that influence on me growing up,” said attorneys have served as counsel to one of my pro bono clients that his equally drunken nemesis had taken his cell Baptist, a member of the firm’s litiga- some of the region’s landmark real wouldn’t otherwise have been able phone, and he wanted it back. Officers told both tion and dispute resolution service estate developments, including Fe- to get legal assistance – I think that sots they would go to jail if they continued behaving team who concentrates her practice dExForum. really brings home why I’m doing toward one another in such a fashion.” mostly in commercial litigation. In her practice, Baptist handles what I’m doing.” “An exasperated, exhausted immature eagle “Just seeing the work they do and work related to real estate matters, Something else she’s passionate which had entrapped itself inside a crab pot was their progression in their careers, I litigation, governmental affairs and about is her work with the Tennes- able to fly to safety after an officer climbed a stack knew that was something I wanted bankruptcy/creditors’ rights. see Bar Association. She’s the chair of crab pots and cut a raptor-sized hole in the net- to do.” It’s a panoply of work that’s led of the TBA’s Diversity Leadership In- ting.” Baptist also has an aunt who’s a her to do everything from help pub- stitute, which focuses on leadership “Caller asked officers to check on two men who judge and another aunt with a law lic and private commercial real es- and diversity in the legal field. were inhaling nitrous oxide from Whippit canisters office in Southaven that does a lot of tate developers develop and lease She encourages young attorneys in the Safeway parking lot. An officer contacted the tax work. commercial properties around the or those thinking about entering the two men, who claimed they would not be driving “They paved the way for me,” country to helping municipal bond field to stay the course. after inhaling and would cause no problems this Baptist said. “And I’m just following counsel to representing lenders and “I have a younger brother, and I evening.” in their footsteps.” businesses in bankruptcy actions. tell him this all the time,” she said. Got a favorite police blotter story or memory? Following those footsteps took “A lot of the time is spent behind “Don’t be afraid to try and fail. Be- Share it with me. the Southaven native to law school the desk, preparing motions, for ex- cause I’d rather try and fail than not at Ole Miss. After graduating, she ample,” she said. “If you do your job to have tried at all. It’s OK, you don’t Vic Fleming is a district court judge in Little Rock, wanted to be in Memphis to stay right, you may not end up in court. A have to know everything. When Ark. Contact him at [email protected]. near home, but she also wanted to lot of it is strategy, client interaction I started, I didn’t know what I do find a firm that had more than one – a large motion practice.” now.” www.thememphisnews.com April 28-May 4, 2012 31
Memphis STANDOUT Wilson’s Biz Tackles Workplace Danger
ANDY MEEK | The Memphis News you have that mentality, your It’s a 90-day program that culminates in culture is about starting to pitches to potential investors on Investor take shortcuts. You do things Day next week on Thursday, May 3, (for quicker, faster. And that gets more on the event, see Page 13). Editor’s note: This is the sixth in a six- dangerous.” This is the sixth and final article in a part series on entrepreneurs in the current Wilson first began forming series of profiles that have appeared in round of the Seed Hatchery boot camp. the concept of the venture he’s The Memphis News over the past several now developed when he was weeks profiling the CEOs behind the six pple Inc.’s China-based supplier working at a 1 million-square- startups in the latest Seed Hatchery co- Foxconn attracted some major foot warehouse that he says hort. Wilson said participation in Seed Aheat recently over health and safe- had 28 forklifts and shipped Hatchery has been invaluable to his ef- ty conditions at the plants where it cranks 150 trucks a day on its busiest forts, partly through keeping his product out products like iPhones and iPads. WILSON day. and his efforts always moving. Here in Memphis, meanwhile, Clifton “While I was there, it be- “There’s no more – what am I going to Photo: Lance Murphey Wilson has launched a factory safety-fo- came obvious that the fast, have at the end of 90 days?” he said. “It’s, cused startup with the belief that there’s He’s been the guy on the floor, as well as fast, fast mentality led up to things like what am I going to have on Monday?” a simple way to keep situations like that the guy behind the desk. And just like the safety,” he said. “And one of the things Safety Hound is starting in the logis- to a minimum – to keep corners from be- quiet writer in an office making notes I’ve often described as very crucial to why tics and manufacturing fields, because ing cut, workers from getting hurt and here and there for the Great American I care so much – I’ve had many coworkers that’s the language Wilson speaks. productivity and morale from taking a Novel, Wilson has always kept a notebook I’ve had to watch leave in an ambulance.” “We’re not replacing anyone’s safety hit. filled with his thoughts about things he’s His venture has developed a tool program. We’re not cutting into anyone’s All that’s required is to unleash the seen and what he’d do differently if he called Safety Hound, an automated sys- turf,” he said. “We’re just putting teeth hound. The Safety Hound, that is. ever got the chance. tem that will track down the people in a behind it. That’s the name of his company and “At many companies, not necessar- facility who aren’t current on their safety “We’re trying to empower manag- his signature product, which at its core ily by design, but because you’re looking training. ers and employees to actually have the is a compliance tracking tool that auto- at things against the bottom line and To help get the venture off the ground, things in place to keep everything on mates the process of checking safety pro- not realizing how other things affect Wilson is participating in the latest round schedule. If you have a company that’s tocols and facilitates record-keeping. that, productivity becomes the biggest of Seed Hatchery, a boot camp-style en- willing to take shortcuts in places like Wilson has spent 20 years in the logis- thing,” Wilson said. “Things like quality trepreneurship program run out of the this, where else are they willing to take tics industry – on both sides of the fence. and safety kind of trickle down. When EmergeMemphis building Downtown. shortcuts?”
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&RIDAY¬AT¬PM¬7+./ &RIDAY¬AT¬PM¬7+./ 3UNDAY¬AT¬AM¬7+./ 32 April 28-May 4, 2012 www.thememphisnews.com
health care & biotech New Procedure Gives Hope Percutaneous aortic valve replacement was approved by FDA last November
AISLING MAKI | The Memphis News
pen-heart surgery – the con- catheterization.” ogy in at least the last decade.” ventional procedure for treating The minimally Many patients who undergo the Oheart valve disease – typically isn’t invasive approach procedure are in their 80s and 90s. Paulus an option for many older and more fragile is performed said a 102-year-old patient in New York patients, leaving them to live with symp- without cracking successfully underwent this type of valve toms that diminish their quality of life. open the chest replacement. But an innovative procedure called or stopping or However, as of now, he says, there’s percutaneous aortic valve replacement, exposing the no long-term data on the survival rates of approved by the U.S. Food & Drug Admin- heart. Instead, an patients who’ve undergone percutaneous istration in November, is giving hope to incision is made aortic valve replacements. patients who previously would have been in the femoral – “We think it will last for five to 10 years, considered too high risk to undergo open- or groin – artery, but we don’t know that for sure,” Paulus heart surgery. where a small, said. “We’re trying to save this more for Disease of the heart valve affects mil- hollow, plastic people who are higher risk, but eventually lions of people, most of them elderly. tube is placed and we’re thinking that this is really going to “This disease is such a debilitating wire is threaded change the way we treat valve disease.” disease,” said Dr. Basil Paulus of the Stern up to the heart. But, he said, there will always be a Cardiovascular Center in Memphis. “The “We use it to need for open-heart surgery for some life expectancy, once you develop symp- get across the patients. tomatic aortic stenosis, is worse than it really tight valve, “It’s like bypass surgery; we’re do- is for almost any cancer. People develop and we basi- ing a lot less than we used to do because chest pains, dizziness, shortness of cally go across we’ve got stents now,” Paulus said. “This breath, they start passing out sometimes. the valve with a is similar to that. We’ll probably do a lot Usually people say they can’t do anything balloon, open up less of the old-fashioned valve surgery as anymore because they get really short the balloon, and this gets better, but there are certain cases of breath. I’ve had people who were out crack the valve where bypass surgery is still better than there playing golf and now they can’t walk open a little to Illustration: Shutterstock stents.” from the front porch to the mailbox.” make room for the But, he said, percutaneous aortic new valve that we’re getting ready to put valve replacement is giving patients a new in there.” lease on life, allowing them to return to Recovery time associated with the their normal activities with more energy procedure is much shorter than that of FINANCIAL SERVICES and without chest pains or shortness of open-heart surgery. breath. Thousands of patients in Europe have “It’s completely transforming the way undergone the valve replacement proce- we treat people who have valve disease,” dure, and the number of clinical sites of- Iberiabank Moves Cordova said Paulus, who in February performed fering the procedure in the U.S. – includ- the Memphis area’s first successful ing the Memphis area – is growing. percutaneous aortic valve repair. “Tradi- Paulus said surgeons and cardiologists Branch to Better Locale tionally, when you have a problem with working in concert with the Baptist Heart the valves in your heart, you have to have Institute at Baptist Memorial Hospital- open-heart surgery. … This is basically Memphis have so far performed 18 percu- ANDY MEEK | The Memphis News the equivalent of what stenting is for the taneous aortic valve replacements. heart arteries. It’s using that same kind of “We think it’s a huge, huge step,” he technology and doing valve replacement, said. “There was an article in one of the with that minimally-invasive cut or a hole cardiology journals that called it the big- beriabank is moving its Cordova ness in early May. in the artery just like you do with a heart gest technology breakthrough in cardiol- branch out from behind the shadow “It’s a great time if you’re wanting to Iof a rival – literally. buy real estate or lease real estate,” he The Iberiabank branch at 1605 said. “This is one of our three branches.” Germantown Parkway is being relocated In other news, Metropolitan Bank Contact us for a little more than a mile south of that has opened its new Mississippi head- information on how location into a vacant space formerly oc- quarters. Special to advertise your cupied by Trust One Bank, which closed It’s in a newly built 15,500-square- business. several of its locations recently. foot building that’s home to the bank’s 901-528-5283 Greg Smithers, Iberiabank’s Mem- executive officers, including commercial Emphasis Issues phis-area market president, said the and personal banking and mortgage bank’s lease was up and he wanted to lending. The new office has a total of 19 MAY 5 move the branch to a more prominent associates. EDUCATION space. Metropolitan – which is co-head- What’s “At the old site, we were behind a quartered in Ridgeland, Miss., and in MAY 19 Bank of America and beside a wings Memphis – used design and construc- Coming Up FINANCIAL SERVICES shop,” he said. “When you tell people tion firms local to the Jackson, Miss., where to find you and you start out with, metro area for the new space. Artwork JUN 9 ‘Do you know where Bank of America from several Jackson-area artists also OFFICE, INDUSTRIAL & RETAIL is? We’re behind them,’ obviously that’s decorates the space inside. not ideal. This way, we now have front- “When clients walk into this office, JUN age and we’ll be right on Germantown we want it to feel different from any 23 Road.” other bank —from any other building, ARCHITECTS & ENGINEERS Smithers said construction is already in fact,” said Metropolitan president and finished and it should re-open for busi- CEO Curt Gabardi. www.thememphisnews.com April 28-May 4, 2012 33
Memphis NEWSMAKERS How to Spot White Joins BankTennessee Great Sales Talent KATE SIMONE | The Memphis News
Sales skills can be taught. The idea that successful salespeople are “born that way” is simply a myth. Few are. It’s a Judy Sulton White has joined BankTennessee as a mortgage loan learned skill – one crafted and honed through specialist. White has worked in the mortgage industry for 30 years and years of practice. But there are inherent per- will focus on new-home financing options, mortgage refinances and cus- sonality traits that predispose a sales rep for tom construction loans. possible greatness. When interviewing sales Home: Atoka, Tenn. community, and I see that at Bank- reps, look for these traits. The rest – closing Tennessee. skills, the ability to overcome objections, con- Education: Frayser High School ducting an effective needs assessment – can What are your goals? My goals are be taught. Work experience: I have been in the to make the mortgage department a Determination: mortgage industry for more than 30 comfortable place to get a loan. We Having the ability to years. I originally came to work for want to make our loans simple and focus on and pursue BankTennessee in the Ripley branch understandable for our customers. objectives with inner from 2000 to 2008. In 2008, I moved white drive is essential in to Knoxville and worked for Y-12 Fed- What do you consider your great- sales. This is a skill eral Credit Union for two years before est professional accomplishment? Dr. Wiley T. Robinson has taught through child- coming back to the Memphis area. It is an accomplishment just to be able been named president of the Ten- hood and adoles- Lori turner- cence and can be to stay in this business for this length nessee Medical Association. Rob- wilson Who has had the greatest influence of time. The mortgage industry is al- inson is an internal medicine spe- guerrilla sales challenging to undo on you? That would be my mother. ways changing, and keeping up with cialist and hospitalist. Dr. Keith G. and marketing when poor habits are She passed away a few years ago, but the changes is challenging. Anderson has been named chair- formed. she still is with me every day. She was man of the TMA board of trust- Listening: Top-performing salespeople a real estate agent for about 25 years, What do you enjoy most about ees. Anderson is a cardiovascular have extraordinary listening skills. Not only and she influenced me in my career your work? When families get into disease specialist and president of do they recognize the importance of encour- decision. their first home or their dream home. Sutherland Cardiology Clinic. aging a prospect to open up, but they also I see a lot of happy faces, and over pick up on nonverbal cues. Able to see where What attracted you to BankTennes- the years have had a lot of hugs from Norma Cole Meadows has a prospect’s hesitation lies, their powers of see? BankTennessee is a local bank. happy customers. I have made life- been named executive director of intuition are strong. Allow the conversation I love working with people who have time friends from associates and cus- the Memphis chapter of the Lupus in your interview to lapse and see how they compassion for their customers and tomers. Foundation of America. handle the silence. If they ramble to fill the void, they aren’t for you. Dr. Lisa K. Jennings, director Financial motivation: Top salespeople of Vascular Biology and profes- are motivated by money. If they ask financial sor in three departments at the questions, it’s a good sign. University of Tennessee Health Preparation: Good salespeople embrace Science Center – Internal Medi- the value of preparation in life. During your cine; Microbiology, Immunology interview, check to see if they did their home- and Biochemistry; and Surgery work. If they didn’t, move on to your next – has been named a 2012 Women candidate. If they aren’t disciplined enough of Achievement in Memphis hon- to prep for a job interview, what are the odds PRESENTS oree. they will do it on the job? Rapport: When the candidate walked into THE BACK STORY TO THE BIG STORY Nine attorneys from the Mem- your office, did they establish a connection phis office of Baker, Donelson, with you? Did they work to uncover a com- AN EXCITING CONVERSATION WITH Bearman, Caldwell & Berkowitz mon interest? If they didn’t, they aren’t likely PC have been ranked as lead- to on a sales call either, as a job interview is ing practitioners in their practice the ultimate sales call. ALAN GRAF BRAD MARTIN areas by Chambers USA. They Confidence: Top sales performers are are: Jackie Prester, banking and unlikely to feel self-conscious about much on finance; Robert J. DelPriore and JUSTIN FUENTE a sales call or interview. Matthew S. Heiter, corporate/ Humility: Though confidence is key, it mergers & acquisitions; Edward must be balanced with a sense of modesty. Moderated by Cato Johnson R. Young, labor and employment; Without it, a condescending tone may trans- E. Franklin Childress Jr., litiga- fer to prospects, killing the deal. tion (bankruptcy); Leo Bearman Achievement Oriented: Great salespeople Jr., litigation (general commer- MONDAY, APRIL 30, 2012 like to exceed targets. Give them a goal and cial); Buckner Wellford, litigation the tools to achieve it, and let them go. Noon - 1:30pm (medical malpractice defense); Moderate Friendliness – Top sales per- The University of Memphis Holiday Inn and Mary L. Aranov and Robert C. Liddon Jr., real estate. formers are not typically the most gregari- 3700 Central Ave 38111 ous in the bunch. An extreme high degree of The Memphis Rotary Club has friendliness may actually work against a sales Purchase tickets at www.leadershipacademy.org elected officers for 2012-2013. They rep that needs to be listening to a prospect are: Berje Yacoubian, president- and patiently driving him toward a sale. elect; Pierre Landaiche, vice Sense of Duty – Successful sales pros president; Jim Eikner, secretary; have an unwavering sense of duty toward Dick Phillips, treasurer; Otis San- their work and generating results. ford, assistant treasurer; and Fred Hiring the right sales talent is perhaps Spikner, sergeant-at-arms. Direc- the most challenging yet vital of all recruit- tors elected for 2012-2014 are John ing tasks. There’s an art to making the right Coats, David Cox, Gaylon Hall, pick, and to improve your odds, analyze how Karen Hill, Richard Kuhn, Tony a candidate aligns with the top sales traits Martini, Tom Panagon and Mi- outlined here. chael Peeler. 34 April 28-May 4, 2012 www.thememphisnews.com
Delta Confident EDUCATION Despite Q1 Loss
BILL DRIES | The Memphis News
elta Air Lines Inc. posted a net loss of $39 million in the first quar- Dter of 2012 including taxes, but thanks to fuel hedging gains the Atlanta- based airline posted its best March quarter since 2000. “Our pre-tax results were an improve- ment from the prior year,” said Delta Presi- dent Ed Bastian, who attributed the $36 million pre-tax loss to Delta’s philosophy of cutting capacity, including cuts in regional flights at Memphis International Airport. “So, clearly our plan is working.” Delta’s net income was $124 million, or 15 cents per share. Revenue rose 9 percent to $8.41 billion. The first quarter is the three-month pe- riod in which the company pays its taxes. Atlanta-based Delta’s income tax expense increased $75 million from a Photo: Courtesy of KIPP Memphis year ago, mostly reflecting the $71 million Jenna Molinski, fifth grade reading teacher, checks for understanding.A t KIPP Memphis Collegiate Middle, students take benefit Delta had in the previous year from reading in addition to English language arts, granting students double the instructional time each day. tax credits. Delta’s passenger revenue for the March quarter increased by $651 million, a 10 percent increase from a year ago. Bastian said monthly revenue fig- ures for June compared to a year earlier Ambitious Educators are likely to be “tough” because of fare increases then that increased revenue for the month. Delta’s fuel expense rose $250 million KIPP Memphis embarks on massive expansion plan or 14 percent compared to a year ago dur- ing the March quarter. AISLING MAKI | The Memphis News on placing economically disadvantaged year KIPP opened its collegiate high The combination of a fuel expense students on the path to college. There school – which shares the Henry Avenue offset to the tune of $45 million by reduced are currently about 100 KIPP schools in facilities with the middle school – with consumption from Delta’s reduced capac- 20 states and Washington. Although en- an inaugural ninth-grade class of 100 ity as well as its fuel hedging program IPP Memphis, which currently rollment is open to all children, 80 to 90 students. prompted Delta CEO Richard Anderson educates 500 students in grades percent of students served by KIPP are KIPP is now preparing to open a to tout the company’s plan of reducing Kfive through nine at two schools, from underserved, under-resourced or second middle school with 100 fifth capacity and passing on higher fuel costs has embarked on an ambitious expan- low-performing schools, and 93 percent graders, as well as its first elementary to consumers. sion plan that will include opening 10 qualify for free or reduced lunch. school with 100 kindergarteners. Delta’s capacity for the first three collegiate schools educating roughly Among the aspects KIPP says sets “I think we’re in a great place just to months of this year was down 3 percent 4,500 students in North and South its model apart from other schools are expand on what’s already been hap- from the year before. Memphis by 2016. high expectations, a focus on personal pening with KIPP Memphis Collegiate “Our revenue performance outpaced “We’re currently operating two responsibility and results, and parental Schools,” said Andy Bobowski, who will the industry and we saw margin improve- schools, and we definitely felt like we and student commitment – with each lead the new middle school as principal. ment in every region and in every hub needed to broaden our impact based stakeholder required to sign a “Com- “We’ve obviously seen quite a bit of suc- across our global network,” Anderson told on the need here in Memphis,” said mitment to Excellence” contract that cess with KIPP Memphis Collegiate Mid- analysts in a Wednesday, April 25, earn- KIPP Memphis executive director Jamal ensures they will do whatever it takes to dle. We’ve had the opportunity to serve ings call. “This plan is the same strategy we McCall. help every student learn and succeed. 400 students for the last 10 years with have discussed with our investors for the KIPP (Knowledge is Power Program) KIPP also has a longer school year, that school, and now we’re just excited last three years. So, please expect the same. currently operates a middle and high as well as extended school days that to be able to open up a second middle … We like the trajectory we are on, so we school, and in late summer will open a last from 7:15 a.m. to 4:45 p.m., giving school. We’ll start with the fifth grade will stay the course.” second middle school as well as its first students more time in the classroom and we’ll add 100 students pretty much Staying the course is having negative elementary school, with new schools to prepare them for competitive high every year. I think that’s just another op- effects on passenger traffic at Memphis slated to open at the start of each school schools and colleges, as well as expose portunity to expand our impact.” International, where Delta operates one of year through 2016. When the expansion them to a diversity of extracurricular Bobowski is a Teach for America its seven U.S. hubs. is complete, KIPP will have two elemen- experiences. KIPP Memphis opened its alumnus who built strong community Memphis International Airport num- tary, two middle and one high school in first school, KIPP Memphis Collegiate relationships during his tenure. His bers from last month and March 2011 tell North Memphis, each with a counter- Middle School, formerly KIPP Diamond school’s model is unique in its commit- the story of the impact of the Memphis part in South Memphis. Academy, in 2002 north of Downtown. ment to foreign language; students are capacity cuts that began last August. KIPP is also partnering with Porter- The school was ranked as the required to take Spanish starting in the Delta Airlines had 44 daily mainline Leath – a Memphis nonprofit organiza- third-highest performing public middle fifth grade. As part of the school’s enroll- scheduled flights a year earlier compared tion serving at-risk children and families school in Tennessee for academic ment outreach, Bobowski has been to 34 last month, not counting regional – to open a preschool inside KIPP’s growth from 2008 to 2010, and data going door to door – often accompanied flights under the Delta brand. The 295,959 collegiate middle school at 230 Henry showed that in just two years, KIPP by a current KIPP parent – in under- passengers a year ago compares to 236,154 Ave. Porter-Leath employees, who will Memphis Collegiate Middle School stu- served neighborhoods, telling parents for this march. prepare 100 4-year-olds for kindergar- dents made sizable gains in reading and about KIPP’s unique educational pro- The passenger count for all flights at ten, will staff the preschool, slated to math improvement. gram. Also canvassing the community Memphis International last month was open in August. In addition, KIPP Memphis says its in an effort to recruit students is prin- a 22 percent drop from the same count a KIPP Memphis is affiliated with a students outperformed other district cipal Grace Williams, another alumna year ago. The scheduled flights were down national network of free charter schools, students in 75 percent of tested subjects. of Teach For America, who will lead the 23 percent from the year before. founded in Texas in 1994, that focuses At the start of the 2011-2012 school city’s first KIPP elementary school. www.thememphisnews.com April 28-May 4, 2012 35
RESTAURANT BUSINESS Food Truck Alliance in Works YoLo owner Taylor Berger plans to organize food truck operators; also looking to open new venture
SARAH BAKER | The Memphis News
s if owning and operating the city’s “There are a lot of us and none of us “It’s kind of like a little mini chamber cept called Chiwawa in the old Chicago fastest growing self-serve frozen are really in communication with each of commerce for the food trucks,” Berger Pizza Factory space near Overton Square Ayogurt business isn’t enough, Taylor other,” Berger said. “There’s no way for said. “While each of us has our own little at 2075 Madison Ave. Those other part- Berger is about to add two more hospital- our average customer to know where we following, this whole group of us could ners are J.D. Sledd, Frank Adcock, Daniel ity titles to his resume. reach a whole lot more people, really Flanagan, his sister Katherine Flanagan, The 32-year-old attorney turned res- create a destination and ultimately be all and Michael and Rachel Hasselle. taurateur is behind two big Memphis food much better by coordinating events.” The concept is to have two sepa- industry projects – organizing a food truck Also, as new rules and regulations rate cuisines under one roof. The first is alliance and filling the old Chicago Pizza come up – such as the county looking gourmet hotdogs of different varieties like Factory in Midtown with a new gourmet into adopting an ordinance similar to the Chicago style and a Memphis style, which hotdog and Mexican eatery called Chi- city’s – interested parties would be able to will be topped with in-house smoked pork wawa. contact the association and get broader and “special barbecue sauce.” This time last year, Memphis City answers to its interests and concerns The second part of the cuisine will be Council passed the food truck ordinance It’s kind of like a little mini regarding proposed legislation. “simple, fresh,” a la carte Mexican dishes drafted by Jim Strickland and Shea Flinn, Other member benefits would be such as tacos, tostadas, appetizers and allowing self-contained mobile food chamber of commerce for sharing best practices, such as how to salads. preparation vehicles to operate in the city the food trucks. While each market themselves on sites like Twitter and “There are great places to go in of Memphis. Yet a year later, there’s still no of us has our own little Facebook. Midtown to get enchiladas with rice and formal trade group to represent those food following, this group of us “Some of these guys might be awe- beans and stuff, but that’s not really our truck vendors. could reach ... more people.” some cooks, but might not be up to speed approach,” Berger said. “My goal here is to Berger, partner in YoLo Frozen Yogurt & “ on social media,” Berger said. really to keep our price point low and to Gelato who added the sixth Memphis and – Taylor Berger The first meeting of the Memphis Food really have a range on the menu of $2 to $6 Owner, YoLo Frozen Yogurt & Gelato 11th regional location to his portfolio in Truck Association is slated for May 7 at a items.” March, has a YoLo Mobile food truck avail- location to be determined in the Broad Chiwawa’s partners signed the lease able for catering events, outdoor functions Avenue Arts District at 6 p.m. The group last week with landlord Taylor Caruthers, and festivals. YoLo is one of 45 operating are all operating and where we plan to be hopes to formally form the association and who was represented by Alex Turley of CB food trucks in the city that have been operating.” plan its goals for the year. The inaugural Richard Ellis Memphis. The restaurant is authorized by the Shelby County Health That’s why he’s helping form the meeting is timely, considering the group’s 3,000 square feet, and the adjoining patio Department, with more than 30 pending Memphis Food Truck Association, similar first “food truck rodeo” is set for May 10 at is 1,800 square feet. They’re shooting for a applications. While the 38103 and 38104 to the Memphis Restaurant Association or Downtown’s Court Square. It’s similar to late summer/early fall opening. ZIP codes are familiar with food trucks like the way the Greater Memphis Chamber what was organized last year on the day Chicago Pizza Factory closed its doors YoLo, Revival Southern Food Co., Fuel Café represents small businesses. It’s similar to of the City Council’s food truck ordinance in the late-1980s and has been vacant and Central BBQ, there’s an entire market the alliance taking shape in Nashville, and vote, yet on a bigger scale. since. It’s just a few blocks west of Berger’s of operators across the city, and the total “basically every other city that has food Meanwhile, Berger, along with six other highest performing YoLo location at 66 S. amount even surprised Berger. trucks,” Berger said. partners, is preparing to open a new con- Cooper St.
COMMUNITY U of M Adds Iconic Symbols to Campus
BILL DRIES | The Memphis News
s workers began adding the platforms the conversion of The Pyramid to a Bass vice president for student affairs. “We hope “Memphis has been wonderful to me. to the Beale Street Landing project on Pro Shops superstore with other attrac- to start a lot of new traditions. … Let TOM The people are so open. … It just makes Athe city’s riverfront over the weekend, tions as well as an effort by the univer- give you some good luck. I think this Tiger me feel special,” he said before talking of on the other end of the riverfront, workers sity to add some symbolism and rallying will help bond us all.” his attention to detail, which in the case prepared to move the Ramesses statue from points to the campus. The sculpture is different than the mul- of the tiger statue involved a meeting with the front of The Pyramid. The statue will be the second icon tiple tiger statues around the city that are TOM 3. The pattern of stripes on the statue The 20-year old replica of the icon to dedicated on campus in less than a week. part of the university’s centennial. matches the stripe pattern on the living the ancient Egyptian pharaoh was moved Last week, the university unveiled a “It’s really rare that a university of this TOM. to the University of Memphis campus Tiger statue just outside the west entrance caliber does not have representation on “We got plenty of video and lots of Monday, April 23, and a dedication on of the University Center as part of ongoing campus,” said David Alan Clark, the sculp- photographs I could take back to the stu- campus was held Tuesday, April 24. 100th anniversary activities that included tor who modeled his work on TOM 3, the dio with me,” Clark said. “I did a lot of put- It was created from a mold of the origi- an alumni gathering on campus this past live tiger whose name stands for “Tigers ting on clay and taking off clay to where we nal icon that was the centerpiece of the weekend. The tiger has been the univer- of Memphis” that until now had been the got a nice portrait of the animal and also a 1987 Wonders exhibit on ancient Egyptian sity’s official mascot since 1939. But until school’s sole representation of its mascot. kind of archetypal rendition of a lot of the culture. The items from Egypt were select- last week, there wasn’t what most major “It was a big challenge and it was a chal- intangibles of the University of Memphis – ed and curated by the university’s Institute colleges and universities have somewhere lenge I took very seriously.” strength, power, confidence.” of Egyptian Art and Archaeology. on campus – an iconic representation and Clark is from Wyoming but he is no University president Dr. Shirley Raines The replica will stand in the plaza at talisman of the school’s mascot. stranger to the city. He is the sculptor of echoed the sentiments. Central Avenue by the campus crosswalk, “We’ve been waiting for this for so the Tom Lee statue unveiled in 2006 in “I like the strength and the fact that he’s near the institute. Its move is both part of long,” said Rosie Phillips Bingham, U of M Tom Lee Park. looking out, not down,” she said. 36 April 28-May 4, 2012 www.thememphisnews.com
State Road Projects real estate & development Should Increase Megasite’s Profile S.C. Developer Finds BILL DRIES | The Memphis News Right Spot at Mall Site
hen state and local leaders SARAH BAKER | The Memphis News formally opened the West Ten- Wnessee Solar Farm in Haywood County earlier this month, Tennessee Transportation Commissioner John ocal industrial brokers are well here and now we’re starting to play to pability, 32 feet, 6 inches of clear height, Schroer had one of the biggest applause aware of the city’s taxes and its our strengths.” a 50-foot-by-52-foot column spacing lines of the day. Limpact on putting together a The development will include three with 60-foot interior staging bays, and “We just rolled out our three-year competitive proposal for a potential office/warehouse and distribution 150-foot deep truck courts with 50 feet building program today,” he said as he user. buildings for build-to-suit users that of opposing trailer storage. announced the highly anticipated short But occasionally, developers are Memphis will be the farthest indus- list of 96 road projects costing $1.5 billion able to snatch up property for such a trial market west for Johnson with the over the next three fiscal years including value that helps offset some of those exception of Houston. Scott said com- reconstruction of the Interstate 40 inter- tax issues. pared to other peer industrial markets, change near the solar farm and the nearby Johnson Development Associates Memphis was an attractive one to enter megasite still awaiting an industrial tenant. Inc. closed last week on more than 100 due to the logistical advantages that the “We also as part of that will expand that acres at the former Mall of Memphis city maintains – listing proximity to the road through the megasite,” Schroer said site for just $2.7 million – more than FedEx Super Hub and BNSF Railway of the construction that will begin west- $1 million less than the site had been Co. line and intermodal yard as prime bound on the interstate. “We’re excited listed for a year ago. Any time you have examples. about that. I think it will bring a lot of jobs “You’ve got to be competitive, and someone coming to town “We think we’ve got a great site, to Tennessee and this area, which I know is the development world is very com- that’s new to the city great access, proximity to the trans- definitely needed. … There’s no way to get petitive, especially when we have the saying they want to invest portation infrastructure on which our development schemes and our client’s here at the moment.” taxes that we have in Memphis and upwards of $65 million and One of those applauding with the Shelby County as compared to not very needs revolve,” Scott said. “We don’t most vigor was Haywood County Mayor far south of here,” said Jeb Fields, vice put in place what“ could be take going into any community lightly Franklin Smith who has been pushing for president with Cushman & Wakefield/ a significant job creator and have felt very comfortable working development of the last of the state’s three Commercial Advisors LLC who repre- is a great thing. Memphis in Memphis and look forward to the megasites. sented Johnson Development in the should be proud of that.” successes which we are sure will follow.” “To begin with it will be just westbound deal. “We hope that what they bought The dominant land use in the for- only, like a rest area. You just pull on to see that site at will help offset some of that. Jeb Fields mer Mall of Memphis area is small retail Vice president with Cushman & Wakefied/ what you want to see and go right back on With the infrastructure that’s already in Commercial Advisors LLC commercial establishments, but Fields the interstate,” he said. “Hopefully at some place and the location it is, they believe said the access roads from the mall that point in time it will be a full-fledged exit.” they’ll be very competitive.” were already in place are “perfect” for With the exit and a more direct way to Spartanburg, S.C.-based Johnson the use of the site as an industrial park. what is now called the Memphis Regional Development plans to develop the are yet to be determined, said Garrett “Because of the way that the site is Megasite as well as the solar farm, Smith space on the northeast corner of Cherry Scott, president of Johnson’s Industrial isolated by its northern border being says talks with several prospects should Road and American Way Boulevard near Division. Nonconnah (Creek) and then it’s im- become more concrete. Perkins Road and Interstate 240 into a “We plan to market it to a wide array mediate east border is Perkins with a The Tennessee Department of Trans- 1.2 million-square-foot industrial park. of users and our plan at this point is to large interchange, the west interchange portation’s three-year work program Fields said Johnson is the first de- not go speculative,” Scott said. “It would would be Getwell – I don’t see that includes 14.1 miles of roadwork in Shelby veloper to come to Memphis and show be our hopes that we land one of the there’s going to be a significant increase County, from paving to right-of-way acqui- interest in doing business in “a long larger build-to-suits, but we do not have in traffic that’s not already there,” Fields sition to construction. time.” a deal in hand that would take the site said. In fiscal year 2013, which begins later “Any time you have someone com- right now. It would be our thoughts that “Now, there is some talk of maybe this calendar year, state transportation ing to town that’s new to the city saying it would be for someone there to take putting in some longer turn lanes or officials have slated construction work to they want to invest upwards of $65 advantage of the logistical advantages deceleration along American Way and begin on the I-40 interchange at Canada million and put in place what could be that that location offers.” improving some of the entrances, but Road in Lakeland. And the state will begin a significant job creator is a great thing,” A typical Johnson cross-dock facility other than that, the infrastructure of right-of-way acquisition at Interstate 55 Fields said. “Memphis should be proud consists of tilt-wall concrete panels, a what’s there from the mall is really well- and Crump Boulevard south of Downtown. of that. The environment is changing glass office feature with mezzanine ca- suited.”
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public notices
Misc. Notices BOXES, CLOTHES, AND APPLIANCES. age reserves the right to refuse any bid. SPACE STORAGE FACILITY LOCATED RELATED INFO JACQUELINE FIELDS #723, SHARON Sale is subject to adjournment. AT: 8000 AUTUMN CREEK DR. COR- Shelby County BARNES #778, LAVERN POINTER Apr. 28, 2012 Mhn11247 DOVA, TN 38016, 901-759-5691. THE Also read our daily edition, The Daily #C3206, JASMINE CROWELL #B8305, PERSONAL GOODS STORED THEREIN News, in print or online every business KEEDRA SMITH #B8910, DAVID PIPKIN PUBLIC NOTICE BY THE FOLLOWING MAY INCLUDE, day for public notices for Memphis & NOTICE OF PUBLIC SALE OF JR. #B9109. PURCHASES MUST BE NOTICE IS HEREBY GIVEN THAT THE BUT ARE NOT LIMITED TO GENERAL Shelby County. PERSONAL PROPERTY MADE WITH CASH ONLY AND PAID AT UNDERSIGNED WILL SELL, TO SATISFY HOUSEHOLD, FURNITURE, BOXES, Go to www.memphisdailynews.com or Notice is hereby given that the under- THE TIME OF SALE. ALL GOODS ARE LIEN OF THE OWNER, AT PUBLIC SALE CLOTHES AND APPLIANCES. THE PROP- call 683.NEWS for more information. signed will sell, to satisfy lien of the SOLD AS IS AND MUST BE REMOVED BY COMPETITIVE BIDDING ON MAY 8, ERTY OF: SIERRA WARD 352, NORMA owner, at public sale by competitive AT THE TIME OF PURCHASE. EXTRA 2012 AT 11:45 AM AT THE EXTRA SPACE MARTINEZ 125, SCOTT MORTON 167, bidding on 05/08/2012 at 11:30 SPACE STORAGE RESERVES THE RIGHT STORAGE FACILITY LOCATED AT: WILLIAM HOPSON 289, SALLY RENE A.M. at the Extra Space Storage facility TO REFUSE ANY BID. SALE IS SUBJECT 4994 RALEIGH-LAGRANGE BROTHERS 250, AND JAMES GRAHAM located at: TO ADJOURNMENT. MEMPHIS, TN. 38128 159. PURCHASES MUST BE MADE WITH 4961 Covington Way Apr. 28, 2012 Mhn11243 901-388-9272 CASH ONLY AND PAID AT THE TIME OF Memphis, TN. 38128 THE PERSONAL GOODS STORED SALE. ALL GOODS ARE SOLD AS IS AND ADJOURNMENT. 901-372-0864 NOTICE OF PUBLIC SALE OF THEREIN BY THE FOLLOWING MAY MUST BE REMOVED AT THE TIME OF Apr. 29, 2012 Mhn11241 The personal goods stored therein by the PERSONAL PROPERTY INCLUDE, BUT ARE NOT LIMITED TO PURCHASE. EXTRA SPACE STORAGE following may include, but are not limited Notice is hereby given that the under- GENERAL HOUSEHOLD, FURNITURE, RESERVES THE RIGHT TO BID. SALE IS NOTICE OF PUBLIC SALE OF to general household, furniture, boxes, signed will sell, to satisfy lien of the BOXES, CLOTHES, AND APPLIANCES. SUBJECT TO ADJOURNMENT. PERSONAL PROPERTY clothes, and appliances. #101 Trinetta owner, at public sale by competitive A003B CHARLENE SPIKES, B044 Apr. 29, 2012 Mhn11238 Notice is hereby given that the under- Boyland, #263 David Sullivan, #362 bidding on May 8, 2012 at 11:00 AM at DOMINIQUE DAVIS, C016 MICHAEL signed will sell, to satisfy lien of the Terra Handy, #431 Ebony Vales, #439 the Extra Space Storage facility located AUTRY, C037 NAOMI NEVILLES, C050 PUBLIC NOTICE owner, at public sale by competitive Stacy Morrow, #550 Tamera Drake. at: 5675 Summer Ave Memphis TN ALEXANDER SMITH, D009B KIMBER NOTICE IS HEREBY GIVEN THAT THE bidding on MAY 09, 2012 at 11:00AM Purchases must be made with cash only 38134 901-372-6180 GORDON, D010 KEITH HINES, D011H UNDERSIGNED WILL SELL, TO SATISFY at the Extra Space Storage facility and paid at the time of sale. All goods The personal goods stored therein by the STACEY MORROW, E003 SANDRA M. LIEN OF THE OWNER, AT PUBLIC SALE located at: are sold as is and must be removed at following may include, but are not limited DOWDY, E032 NEKILA JONES. BY COMPETITIVE BIDDING ON MAY 09, 900 N. GERMANTOWN the time of purchase. Extra Space Stor- to general household, furniture, boxes, PURCHASES MUST BE MADE WITH 2012 AT 10:45 A.M. AT THE EXTRA PKWY age reserves the right to refuse any bid. clothes, and appliances. NATASHA CASH ONLY AND PAID AT THE TIME SPACE STORAGE FACILITY LOCATED CORDOVA, TN 38018 Sale is subject to adjournment. HENDERSON #B005E, CHASITY JONES OF SALE. ALL GOODS ARE SOLD AS IS AT: 381 N GERMANTOWN PKWY, COR- 901-757-8988 Apr. 28, 2012 Mhn11239 #B009A, MARSHA LINDSEY # C047, AND MUST BE REMOVED AT THE TIME DOVA, TN 38018 901-758-0344. The personal goods stored therein by DEBORA LYNN WATTS #D010, JALICIA OF PURCHASE. EXTRA SPACE STORAGE THE PERSONAL GOODS STORED the following may include, but are not NOTICE OF PUBLIC SALE OF JOHNSON #D029, NICHOLAS REDMOND RESERVES THE RIGHT TO BID. SALE IS THEREIN BY THE FOLLOWING MAY limited to general household, furniture, PERSONAL PROPERTY #F075. Purchases must be made with SUBJECT TO ADJOURNMENT. INCLUDE, BUT ARE NOT LIMITED TO boxes, clothes, and appliances. Notice is hereby given that the under- cash only and paid at the time of sale. Apr. 28, 2012 Mhn11248 GENERAL HOUSEHOLD, FURNITURE, 83-BEN HOMOLKA 77-COREY OWENS signed will sell, to satisfy lien of the All goods are sold as is and must be BOXES, CLOTHES, AND APPLIANCES. 498-REGINALD SMITH 90-LATARSHA owner, at public sale by competitive removed at the time of purchase. Ex- NOTICE OF PUBLIC SALE OF #443 JIMMY WAGNER, #188 IFTIKAR JONES 268-ZACHARY JOHNSON bidding on
SURGEON GENERAL’S WARNING: Cigarette Smoking Causes Lung Cancer.
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opinion
Our River Reflects Feeding the Mid-South Need Last week we discussed the youth and seniors, who live in inner-city food Jubilee Schools, which are educating deserts. Disaster Relief is offered as a first City’s Past, Future children in urban areas of Memphis, afford- response to supply emergency shelters with ing opportunities for them to learn, grow food when disaster strikes. or decades, redevelop- view from a windshield. and succeed in a faith-based environment Helping the efforts of Mid-South Food ment of the city’s river- It should be about a sense of regardless of their socioeconomic status. Bank is easy and critical, as they currently front has been an elusive place to gather at the river as we have This week, let us spotlight an organization face dire shortages. Coordinate or partici- goal. Look at it over the since before this land was staked off, that is fighting hunger through the efficient pate in a food drive. We have an LPBC food years and you can see mapped and named Memphis. collection and distribution of drive going on now and are ask- movesF toward a goal of a riverfront Whatever we build as an attrac- wholesome food, and through ing businesses to place a box in that is once again busy – but busy for tion should work with that concept education and advocacy: Mid- their office where you and your reasons different than those when as its anchor. South Food Bank. team can contribute most-need- the cobblestones represented the Visit Tom Lee Park and watch Mid-South Food Bank is an ed items. Most-needed items gateway to a 19th century logistics children making their first riverside independent, nondenomina- include canned meats (tuna, hub. visit. Sometimes they run to its edge. tional nonprofit that was founded stews, chicken and dumplings, The steps that led us to this Sometimes they walk cautiously. in 1981 with the vision of creat- chili, Spam), soups, peanut but- week’s arrival of the American Queen Some skip across the grass. Others Jeremy Park ing a hunger-free community. ter, canned fruits, canned vege- in its new homeport at Beale Street cling. But none can look away from giving back Their programs impact 200,000 tables, canned 100 percent fruit Landing began during the adminis- a current that has always been most individuals in 31 counties in juice, and any non-perishable tration of Mayor Dick Hackett and of the undefinable and unspeakable West Tennessee, North Mississippi, and East items (no glass containers). Collect these continued during the terms of office sense of this place. Arkansas. More than one-third are children items at your office, then call Yuletide Office of Mayor Willie Herenton. We all see different things in a and 10 percent are seniors. All of them need Solutions, which has graciously offered the Then, as now, there were steps river, and in Memphis there is plenty food to meet basic nutrition needs, in order services of their trucks and team, to sched- backward and forward. of room for all of those things in the to lead healthy, productive lives. ule a pick-up time on Monday, April 30, or On the north end of the river- Mississippi’s rising ridges and form- Mid-South Food Bank has four primary Monday, May 7. Sherry Favre is scheduling front, which was the city’s original ing valleys and moving stillness. hunger fighting programs: Hunger’s Hope, pick-ups and may be reached at 372-8588 or river port pre-Mud Island, work When it rises as it did about a Feeding Children, Mobile Pantry and Disaster [email protected]. continues on The Pyramid and its year ago, we come to watch and post-arena life to come. form stories for those who will come Relief. Hunger’s Hope distributes food and Financial contributions are powerful, as Memphis Mayor A C Wharton later. When it drops, we marvel at the groceries through a network of 225 agencies every dollar donated translates to $4 worth Jr. has described The Pyramid and artifacts of those who came before us with 332 feeding programs. These include of food, due to their partnerships. Take a Beale Street Landing as the bookends revealed where the waters will surely food pantries, soup kitchens, shelters, youth tour of their facility or consider volunteering. for a band of riverfront develop- run again. and senior programs, rehabilitation and Cast a daily Facebook vote at http://apps. ment that will make this part of our It is a way to mark more than the residential centers. Last year, these agen- facebook.com/walmartfighthunger/ (con- western border more of a front door span of lives we can see and touch cies distributed 10.3 million pounds of food test ends April 30) and Mid-South Food Bank to the city. every day. – the equivalent of 8 million meals. Feeding could win $1 million to fight hunger. Learn Memphis is already a pretty What we see in our river even Children addresses the nutritional needs of more and help feed those in need by visiting impressive sight coming eastbound with its muddy water will always be approximately 136,000 children. Last year, www.midsouthfoodbank.org. across the Hernando DeSoto Bridge a reflection of who we are and who for example, 206,500 backpack meals were enjoyed by children who might not otherwise as our Downtown skyline rises on the we were. Jeremy Park, director of the Lipscomb Pitts horizon. Our development along its banks have had a nutritious meal to eat. Mobile Breakfast Club, www.lpbreakfastclub.com, can But this next stage of develop- should always remember that and do Pantry provides truckloads of food for distri- be reached at [email protected] or ment that seems to have taken root what it can to add a sense of who we bution in 20 rural and underserved counties. followed on Twitter at @lpbreakfastclub or @ shouldn’t be about an impressive can be together. Mobile Pantry also provides fresh produce to jeremycpark.
More Monkey Business From State Officials
EVOLVING RESPONSE. Unfortunately, you can. They’re do- key trials. I have spent the better part of The anachronistic Tennessee ing it every day in Nashville. 40 years trying to live down the Scopes Legislature has awarded creationism “Leave the science in the science trial, but now we seem to have gone full equal scientific weight to evolution and class and the philosophy in the philoso- circle. Lord help me through these trying declared that the prevailing religious phy class. Mixing them will just dilute times.” – Radford belief of that body be offered as viable them both.” – Steve Amen, Radford, amen. MEMPHASIS explanation to our school children for dan conaway You’re right, and this kind of mixing is “This needs to be published across the order, formation and timing of the obviously diluting the state’s legislative Tennessee – after all, this is much more universe. called religious folks are so afraid of pool as well. important than adequately funding Scientific method, empirical data, knowledge.’ Ironically, he was named for “I’m not saying that some things education, transportation, health care, the conflicting doctrines of other world Williams Jennings Bryan. Keep ‘em com- have not evolved over time but the etc.” – Bert religions past and present, the accu- ing. Would love to ghost write if you get theory of evolution is just that...a theory.” They’d much rather monkey around mulated understanding of thousands constipated.” – Jay – Guy with moralistic posturing like this than of years and simple reason are notwith- As many of my readers would prob- Perhaps the legislature itself is the face real issues. standing. Who knows? The burning of ably agree, this column is often the very best argument against evolution. “How embarrassing … will the gover- books, and witches, might be making a opposite of constipation. “Why are you so frightened by the nor veto this?” – Richard comeback in this part of our flat Earth. “When did science become just Word of God?” – Curt No. What the legislature did was em- When I made fun of all that sad another alternative way to look at the Because people who claim to hear barrassing and irresponsible. What the monkey business in last week’s column, universe?” – Myron it often do really scary things in God’s governor failed to do was gutless. it seemed to rattle my fellow primates For most of the civilized world, that name. I’m a Memphian, and, beyond simply a bit. was several centuries ago. For Tennes- “When I went to basic training I embarrassed, we should be outraged. “When these flurries, or – in our see, it was just the other day. became best friends with a guy from case – storms occurred, my dad would “You can’t make this stuff up.” – Jersey. He, after finding out I was from Dan Conaway can be reached at say, ‘I can’t understand why these so Karen Tennessee, inquired if we still had mon- [email protected]. www.thememphisnews.com April 28-May 4, 2012 39
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