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Editorial Results (free)

1. State Lease Bolsters One Commerce Square -

F. Scott Fitzgerald once said there were no second acts in American lives.

But One Commerce Square, the towering Downtown office building at Union Avenue and Main Street, is preparing for its third act.

2. Fuente Keenly Aware of Job’s Ups, Downs -

It was a postmortem that sounded like a lot of other postmortems from Liberty Bowl Memorial Stadium.

“Our guys battled their tails off,” University of Memphis coach Justin Fuente said after his team lost, 34-21, to Cincinnati on Wednesday, Oct. 30. “Again, our margin for error is not very big.”

3. Tigers See Bye Week as Advantage -

Most of the college football world is in the midst of game week. The University of Memphis is not, having to wait until 3:30 p.m. Sept. 7 at Liberty Bowl Memorial Stadium to play Duke.

“I’d rather be playing as soon as possible,” Tigers defensive end Terry Redden said.

4. Optimism Reigns as Tigers Prep for Season -

There is no reliable way to determine if a losing football program is on the precipice of becoming a winning football program. If there was, we’d all be getting rich betting the games.

But there is something to be said about change starting at the top. Second-year University of Memphis coach Justin Fuente and several players – all members of the team’s Leadership Council – met with the media on Wednesday, Aug. 7, the official reporting date; the first of four helmet-and-shorts practices was to begin the next day, and then on Tuesday, Aug. 13, the first practice in full pads.

5. Removing Barriers -

While enjoying a meal near the Eiffel Tower in Paris, Terry Lynch reminisced on the wilting but salvageable Chisca Hotel in Downtown Memphis.

6. ‘All Options Open’ -

It’s been almost two years since Pinnacle Airlines moved more than 600 employees into the One Commerce Square building Downtown.

Hailed as a victory in the long-running battle to revive Downtown, Pinnacle’s move to the 29-story building at Union Avenue and Main Street was hailed by city, county and business leaders as a signature event that would spur more investment and development in the city’s core.

7. Core Focus -

The Great Recession silenced construction crews throughout the Memphis area, and that was especially evident Downtown, where ambitious, skyline-changing projects were put on hold, reconfigured or scrapped altogether.

8. Carlisle Corp. Solidifies Development of Chisca -

Paul Morris hesitated when he started organizing the project launch two weeks ago for the renovation and conversion of the old Chisca hotel into an apartment building.

9. Chisca Rebirth -

“Memphis: The Musical” meets the real life setting Friday, April 26, for the fictional story of a Memphis radio announcer in the 1950s.

Actor Bryan Fenkart will walk about a block on South Main Street from The Orpheum Theater to the old Chisca hotel to perform at the project’s launch party. The party in the hotel’s garage space kicks off the $24 million renovation of the hotel as an apartment building.

10. Lynch Looks Ahead to Chisca’s Possibilities -

When the cast of “Memphis: The Musical” opens its run at The Orpheum Theatre later this month, they will include an extra performance the afternoon of April 26.

Cast members will sing several selections at the formal opening of the redevelopment of the old Chisca hotel, the real-life setting for the story of a Memphis disc jockey that is the basis for the fictional story line.

11. South Main’s New Life -

The history of the South Main Historic Arts District is as colorful as its present-day users, an alternating rhythm of sorts in Memphis’ songbook.

The area has oscillated from its ritzy suburban roots of the 1800s to the industrial era ghost town of the 20th century and now to its current status as Downtown’s flourishing arts and boutique district and the subject of some $100 million in investment. And it’s all due to stakeholders who braved the status quo in distinguishing the southern end of the Central Business District as that funky place with an indescribable vibe.

12. Filling the Voids -

Last year was a banner year for adaptive reuse projects in Midtown and Downtown.

Developers announced plans for the Sears Crosstown building, Overton Square, Hotel Chisca, James Lee House and old United Warehouse in the South Main Historic Arts District. Construction began on The Pyramid, turning it into a 220,000-square-foot mega-Bass Pro Shop Outdoor World, and Memphis in May moved into its new headquarters at 56 S. Front St., a 14,600-square-foot building that’s on the National Register of Historic Places.

13. Rheumatology Clinic Buys Germantown Office Building -

7660 Poplar Pike Germantown, TN 38138

Sale Amount: $986,850

Sale Date: Nov. 14, 2012

14. Southland Development Sells 53 Lots in Wesley Forest -

Southland Development Partners of Memphis sold 53 lots in the Wesley Forest Subdivision for $1.1 million to a partnership called Windsor Pointe 2011 LP.

The sale occurred Nov. 15. It included all but 12 lots in the 18.35-acre subdivision that sits along the west side of Neely Road, north of East Raines Road, in Westwood’s 38109 ZIP code.

15. Hotel Chisca Gets New Owners, Art Facelift -

The chain-link fence surrounding the dilapidated Hotel Chisca in Downtown Memphis is a little bit easier on the eyes as of Saturday, Oct. 27.

That’s because it now boasts 30 colorful banners created by students of St. Louis Catholic School, under the leadership of art teacher Robin Durden. The art exhibit, “Memphis Music Icons,” pays tribute to the Hotel Chisca’s legacy of being the location where Elvis Presley was first played on Dewey Phillips’ “Red, Hot and Blue” radio show from the WHBQ studios in 1954.

16. Hotel Chisca Gets New Owners, Art Facelift -

The chain link fence surrounding the dilapidated Hotel Chisca in Downtown Memphis is a little bit easier on the eyes as of Saturday, Oct. 27.

That’s because it now boasts 30 colorful banners created by students of St. Louis Catholic School, under the leadership of art teacher Robin Durden. The art exhibit, “Memphis Music Icons,” pays tribute to the Hotel Chisca’s legacy of being the location where Elvis Presley was first played on Dewey Phillips’ “Red, Hot and Blue” radio show from the WHBQ studios in 1954.

17. Main Connector -

The attention Downtown Memphis’ South Main Historic Arts District and its surrounding areas has received this year has far-reaching implications for future development.

Recent high-profile deals the community has seen get the green light include the Chisca Hotel redevelopment, Storefront Improvement Grant Program, branding efforts with North Star Destination Strategies, growth at The Orpheum Theatre Memphis and Memphis Central Station, a flurry of apartment and loft rehabs, and retail activity with a new athletic club and restaurants.

18. Visionary Project -

The reversal of fate for the blighted Chisca Hotel at the intersection of South Main Street and Dr. Martin Luther King Jr. Avenue, plagued by passive out-of-town ownership and environmental hazards, was set in motion during a phone call about 18 months ago.

19. Chisca Hotel Project Faces Crucial Votes -

Three organizations crucial to the redevelopment of the Chisca Hotel will vote this week on blight remediation and development incentives for the historic Downtown property that has been in dilapidated condition for more than 20 years.

20. Chisca Blight Remediation, Development Incentives Up for Vote -

Three organizations crucial to the redevelopment of the Chisca Hotel will vote next week on blight remediation and development incentives for the historic Downtown property that has been in dilapidated condition for the more than 20 years.

21. CCRFC Approves Chisca Hotel Tax Break -

Memphis Center City Revenue Finance Corp. at its Tuesday, June 12, board meeting approved a 20-year PILOT (payment-in-lieu-of-taxes) program for the restoration of the Chisca Hotel led by Main Street Apartment Partners LLC.

22. CCRFC Approves Chisca Hotel Tax Break -

Memphis Center City Revenue Finance Corp. at its Tuesday, June 12, board meeting approved a 20-year PILOT (payment-in-lieu-of-taxes) program for the restoration of the Chisca Hotel led by Main Street Apartment Partners LLC.

23. CCRFC to Consider Chisca PILOT -

A group of local investors spearheading the restoration of the Chisca Hotel will go before the Memphis Center City Revenue Finance Corp. Tuesday, June 12, seeking a pair of incentives as part of the $19.6 million project.

24. Southland Sells Parcels To Bank For $1 Million -

A Downtown property that real estate investor Terry Lynch once planned for residential and retail space was sold back to the lender for slightly less than $1 million.

25. New York Co. Buys Medical Office Buildings -

1333 Poplar Ave.
Memphis, TN 38104
Sale Amount: $2.9 million

Sale Date: Aug. 26, 2011

26. ‘New Day’ at Downtown’s One Commerce -

Downtown Memphis got an early Christmas present in the form of ownership of One Commerce Square officially changing hands in the wake of Pinnacle Airlines Corp. signing a lease at the tower earlier this month.

27. "New Day" at Downtown's One Commerce Square -

Downtown Memphis got an early Christmas present in the form of ownership of One Commerce Square officially changing hands in the wake of Pinnacle Airlines Corp. signing a lease at the tower earlier this month.

28. Pinnacle Performs Well in November -

Taking advantage of increased holiday travel, Memphis-based Pinnacle Airlines Corp. saw solid passenger activity for its three subsidiaries in November, the company announced Tuesday.

29. One Commerce Investors Get Longer PILOT -

The Center City Revenue Finance Corp. has agreed to tack five years onto the 15-year tax freeze the board awarded to a group of investors that’s buying One Commerce Square and negotiating to bring Pinnacle Airlines Corp. to the Downtown tower.

30. Downtown Touchdown -

Many of the dominoes that fell into place in advance of Pinnacle Airlines Corp. deciding to move its Memphis corporate headquarters to the landmark Downtown tower One Commerce Square happened in the public eye.

31. Pinnacle Chooses One Commerce Square -

Pinnacle Airlines Corp. has decided to shift its Memphis headquarters from Memphis International Airport to a landmark Downtown tower, capping months of study by Pinnacle and intense lobbying of the regional air carrier by state and local governments.

32. Morris Issues SOS: ‘Save Our Skyline’ -

Center City Commission president Paul Morris has called it a campaign to save the city skyline.

“Right now, Memphis’ skyline is in jeopardy,” Morris told Shelby County Commissioners this week before the commission approved the latest of several economic incentives designed to bring the Pinnacle Airlines Corp. headquarters to One Commerce Square, 40 S. Main St.

33. CCRFC Plans Package to Woo Pinnacle -

The Center City Revenue Finance Corp. will take several key steps at its meeting Thursday toward assembling the incentive package city leaders and an investor group hope will convince Pinnacle Airlines Corp. to bring its Memphis headquarters Downtown.

34. Pinnacle Board Gets Downtown Hard Sell -

Pinnacle Airlines Corp. executives, after listening to a coordinated, Downtown-focused pitch from developers, businessmen and political leaders, will now take about a month to finish deciding where to relocate their corporate headquarters.

They’re considering sites Downtown, near Memphis International Airport as well as beyond the city. Mississippi has made what Pinnacle acknowledged is a “generous” offer for the company to move to Olive Branch.

Pinnacle executives are in town this week for the Memphis-based regional air carrier’s regular board meeting. Backers of the proposal to make Pinnacle the anchor tenant at Downtown’s One Commerce Square took that opportunity to make their case directly to the company in a private meeting Tuesday evening on the 29th floor of the landmark tower.

After about an hour, Pinnacle executives descended to the One Commerce lobby, where Memphis’ business elite were gathered, refreshments were served, and projected onto a screen were the words “Pinnacle Land Here” against a backdrop of the city.

Guests included a handful of political leaders, representatives of the Greater Memphis Chamber, EmergeMemphis, the Center City Commission and the heads of Memphis two largest locally-based banks, First Tennessee and Independent Bank, among other people.

Contrasting with the traditional nametags everyone else wore, the nametags of Pinnacle board members were brightly colored. All the better, Downtown supporters pointed out, for identifying them and laying on the charm.

“We’re going to fill this building,” exclaimed Karl Schledwitz, one of the partners with Southland Capital president Terry Lynch involved in buying the tower and working to lease a significant portion of it to Pinnacle.

As guests mingled, a marketing video produced by the Center City Commission was played on one wall that featured Downtown workers talking up the neighborhood. The same video was shown earlier that evening during the private pitch to Pinnacle’s board.

Making the case to the board were Memphis Mayor A C Wharton Jr.; incoming Shelby County Mayor Mark Luttrell and representatives of the investors buying One Commerce, as well as the Center City Commission and the Looney Ricks Kiss architectural firm.

Pinnacle Airlines Corp.’s board of directors participated in a walk-through of One Commerce Square, hosted by members of the Center City Commission, the investors who are buying the building, and key business and government leaders,” said Phil Trenary, Pinnacle’s president and CEO, in a statement released Tuesday night. “This visit gave our board an opportunity to get a firsthand look at the building.

“Pinnacle has not selected a new site and still has to complete an in-depth analysis on this and other sites. We appreciate the interest and enthusiasm that the City of Memphis, the CCC, the Chamber and the ownership group have shown as we move through this process.”

Tuesday was the culmination of a months-long synchronized attempt at deal-making among several entities working to keep Pinnacle from being lured away from Memphis.

Details of the multimillion-dollar incentive package business and civic leaders have pieced together to cement the Downtown location for Pinnacle also began to trickle out Tuesday.

Coupled with that, a series of well-timed dominoes still needs to fall into place before a deal sweetened with a variety of incentives comes together.

Lynch confirmed Tuesday afternoon that several things have to happen more or less simultaneously.

The city, or perhaps an entity like one of the Center City Commission’s affiliated boards, would need to buy a nearby parking garage at the same time the investors buy One Commerce Square and at the same time Pinnacle signs a lease. Plans in the works now call for leasing the nearby parking garage back to One Commerce Square's new owners and giving Pinnacle parking there. More Pinnacle parking would be available at 250 Peabody Place.

Lynch said a memorandum of understanding has already been making its way around to various people involved in the deal. Wharton, outgoing Shelby County Mayor Joe Ford and CCC President Paul Morris have all signed a memo outlining the proposed incentives.

Lynch said U.S. Bank, the current owner of One Commerce Square, has accepted the investment group’s bid, but plenty more moving pieces need to fall into place.

“We have a letter of intent and we’re working through a contract right now. We’re just going back and forth. That’s the status of it right now,” Lynch said.

He said the timeline for next steps is fluid.

“If we don’t get past the first one, we can’t get to the second one,” Lynch said. “There’s various steps we have to get to.”

Wharton said Tuesday the city would like to commit $3 million from the $5 million economic development fund Wharton recently asked for the City Council’s approval to establish.

Wharton also mentioned Tuesday the possibility of applying for $15 million in American Recovery and Reinvestment Act bond allocations from the state to add to the pot of financing for the Pinnacle deal.

Another facet of the issue is how to pay for and fit into the package the acquisition of a nearby parking garage for Pinnacle’s use. The importance of that topic was discussed by Downtown officials with Pinnacle’s board Tuesday night.

“Landing Pinnacle Downtown would be a big boost in all kinds of ways,” said council member Bill Boyd.

U.S. Bancorp recently accepted the bid to buy One Commerce Square tower from a group of investors that includes Lynch; Schledwitz; and Gary Prosterman.

Lynch’s group is committing $25 million to $30 million on the building, which includes the purchase price and improvements to the building in the coming months. The group is now teeing up a deal to make Pinnacle the building's anchor tenant, something that Wharton has said will be an attraction to other businesses that have expressed interest in following suit if Pinnacle inks a deal.

Lynch wasn’t able to disclose the building's formal purchase price, but One Commerce Square was listed for $12 million.

Look for updates at The Daily News Online, www.memphisdailynews.com.

...

35. Multimillion Dollar Incentive Package on Tap for Pinnacle -

The city and other partners have pieced together a multimillion-dollar incentive package to help cement a new Downtown location for Pinnacle Airlines Corp.

36. Local Investors to Buy One Commerce -

U.S. Bancorp has accepted the bid from a local investment group to buy One Commerce Square at 40 S. Main St.

The group, which includes Southland Capital president Terry Lynch, his partner Karl Schledwitz and also Gary Prosterman, submitted its bid last week.

37. Local Investors to Buy One Commerce -

U.S. Bancorp has accepted the bid from a local investment group to buy One Commerce Square at 40 S. Main St.

The group, which includes Southland Capital president Terry Lynch, his partner Karl Schledwitz and also Gary Prosterman, submitted its bid last week.

38. Events -

The Small Business Chamber will host a breakfast forum titled “Doing Business with City & County Government” Tuesday from 7:30 a.m. to 9 a.m. at The Crescent Club, 6075 Poplar Ave. Guest speakers are Memphis Mayor A C Wharton Jr. and Shelby County Mayor Joe Ford. Cost is $20.

39. Events -

The Madison Hotel will host Smoking Up High: High-Class, Low-Key, a monthly rooftop cigar event, Monday from 5:30 p.m. to 7:30 p.m. on the rooftop of the hotel, 79 Madison Ave. The event will feature a selection of cigars from the Mix Cigar Emporium, a cash bar and tapas. For reservations, call 333-1224.

40. Events -

The Memphis Rotary Club will meet today at noon at the University Club of Memphis, 1346 Central Ave. Sister Maureen Griner, co-director of Dorothy Day House, will speak on the topic “Understanding Poverty.” Cost is $18. To register, e-mail Taylor Hughes at taylor@memphisrotary.org.

41. Inside The Priest Files: Documents reveal 50 years of abuse, cover-ups in Memphis diocese -

John Doe and his family watched 1999 change to the year 2000 in Memphis.

They were visitors to the city, here for a family medical emergency.

Looking back on it seven years later, Doe would remember “mentally trying to see if the world was going to end because everybody was scared something was going to happen.”

42. 2004 Accusation Not Beginning of Local Abuse Claims -

When an 18-year-old man filed a John Doe lawsuit in Shelby County Circuit Court in 2004 accusing the Rev. Juan Carlos Duran of sexually abusing him four years earlier, it was a milestone.

43. Housing Divided -

A couple of years ago, when Clay Thompson of Memphis decided it was time to stop renting, he set his sights on the Downtown condominium market. He was especially interested in the old warehouses in the South Main Historic Arts District that had been converted to condos.

44. Southland Development Invests in State Place -

The unsold units in State Place condominium development have a new owner, and soon it will have new amenities and even a new neighbor.

Terry Lynch, whose company Southland Development Partners originally developed the 665 Tennessee St. property that became State Place, has bought the unsold units from its builder, Atlanta-based Beazer Corp.

45. Beazer Homes Tries To Weather Housing Slowdown Storm -

When oh when, executives probably are wondering over at Beazer Homes USA Inc., will things get back to normal?

In one sense, the recent performance of the sixth-largest home-building company in the nation has mirrored that of other home builders, hammered by the subprime loan fallout that's weakening investor confidence in the housing market. But over at Atlanta-based Beazer, which significantly downsized its Memphis presence last year, things have been especially bad of late, at least on a national scale.

46. First Pocket ParkOpens in South End -      A ribbon-cutting ceremony will be held today at 3 p.m. for the first South End "pocket park" at the corner of Tennessee Street and Georgia Avenue.
     Pocket parks are open spaces tucked al

47. South End's Cummins-MidsouthSoon to Receive Makeover -      The Cummins-Midsouth Building at the corner of Georgia Avenue and Riverside Drive in Downtown soon will undergo a makeover that will include façade changes, renovations to the existing building and a three-story addition

48. New Uptown Townhouse ProjectTargets St. Jude Employees -

Developer James Rasberry wants to turn North Main into more than just a street.

Rasberry - who's created upscale condominiums in the Cooper-Young area, developed scores of Downtown
spaces, renovated, converted and built from the ground up many others - is part of a development team that's bringing new townhouses to a previously forlorn stretch of the Uptown neighborhood.

49. Top of the Heap -

When it opened with a bang in 1935, the parade of dignitaries, airplanes overhead and boats drifting along the Mississippi River no doubt made for quite a spectacle.

Today, something similar is occurring along Riverside Drive, which remains an upscale, well-maintained "front door" of the city some 70 years after its unveiling. Several real estate projects are bringing new townhomes, condominiums and streetscape improvements to the area.

50. King of the Road: Burger King, Big Box to Dress Up Millbranch/Shelby Intersection -

40 acres at Shelby Drive
And Millbranch Road
Loan Amount: $1 million

Loan Date: Dec. 5, 2006

Maturity Date: Dec. 5, 2007

51. Commercial Advisors' Jensen Voted Commercial Broker of the Year -

Larry Jensen has received the 2005 Pinnacle Award for Commercial Broker of the Year from the Memphis Area Association of Realtors' Commercial Council. Jensen is president and CEO of Commercial Advisors LLC. He has more than 30 years of experience in real estate.

52. Southland FinancesDowntown Property - Southland Development Partners has filed a $1.5 million mortgage for a Downtown property near Florida Street and Carolina Avenue. The 3.7-acre parcel is slated to become a development of 57 single-family homes and townhouses, said Terry Lynch, managi

53. Events -

The Collierville Chamber of Commerce holds its monthly general membership meeting today at 11:15 a.m. at Ridgeway Country Club, 9800 Poplar Ave. "Business Before Lunch" begins at 11:15, followed by the lunch meeting at noon. Cost is $15. Call 853-1949 for reservations.

54. Events -

The Memphis Area Association of Realtors presents "Professional Standards in the 21st Century" Wednesday from 9 a.m. to noon at MAAR, 6393 Poplar Ave. Cost is $30 for members and $50 for non-members. Visit www.maar.org for more information.

55. 100 Black Women Coalition Shows How to Fine-Tune Finances -

Feb. 7

National Seminars Training presents "How to Motivate, Manage and Lead a Team" from 9 a.m. to 4 p.m. at the Marriott East Hotel, 2625 Thousand Oaks Blvd. Cost to attend is $199. Call (800) 258-7246 or visit www.nationalseminarstraining.com to register.

56. Events -

The Peabody Place Museum hosts a family day celebration for the Chinese New Year Saturday from 10 a.m. to 4 p.m. at the museum, 119 S. Main St. The event features traditional Chinese dancing, singing and arts and crafts projects for children. Cost is $3. For more information, call 523-ARTS.

57. Downtown Developers Look Beyond South End -

Ten years ago, few people could have imagined the growth taking place in the South Main Arts District in Downtown Memphis. Five years ago, observers probably couldn't see past the distressed neighborhoods and run-down Hurt Village and Lauderdale Courts public housing projects to envision the revitalization that is now under way in Uptown.

58. Events -

The Center City Commission park committee meets at 4:30 p.m. today in the CCC boardroom, 114 N. Main St. Call 575-0540.

The South Main Association meets at 6:30 p.m. today at Jay Etkin Gallery, 409 S. Main St. Terry Lynch of the Southland Cos. discusses plans for South End development. Visit www.southmainmemphis.org.

59. Federalist Society Presents Legislative Update -

July 11

The Memphis Lawyers' chapter of the Federalist Society presents "A Tennessee Legislative Update" from 11:45 a.m. to 1:15 p.m. at Grille 83, 83 Madison Ave. State Rep. Brian K. Kelsey, R-Germantown, is the featured speaker. Cost is free. Call 526-0431.

60. Archived Article: South (lead) - Industrial gives way to South End homes

Homes Replace Industry in Downtowns South End

Developers predict population will exceed Mud Island

ANDREW BELL

The Daily News

Almost a century ago, in an area of Downtown south of The Orpheum an...

61. Archived Article: Benchmark - Building in deadly Chicago

Building in deadly Chicago

club stampede ordered closed

The building housing a Chicago nightclub where 21 people died in a panicked rush for the exit was ordered closed Tuesday as city lawyers sought to jail the o...

62. Archived Article: Pg. 2 (ccrfc) - CCRFC grants two tax freezes

CCRFC grants two tax freezes

By SUE PEASE

The Daily News

The Center City Revenue Finance Corp. granted tax abatements Tuesday to two developers who plan to invest more than $14 million in Downtown projects. <...

63. Archived Article: Marketplace - Industrial market becoming faded memory in Downtowns south end Industry becoming faded memory in Downtowns south end By SUE PEASE The Daily News Its been decades since the Orgill Brothers warehouse in Downtowns south end distributed hardware or the ...

64. Archived Article: Arlington Freezer Lj - By LAURIE JOHNSON Construction starts on Arlington freezer facility By LAURIE JOHNSON The Daily News A local investment group has started construction on a 53,000-square-foot freezer warehouse facility in Arlington Industrial Park, the groups third ...

65. Archived Article: Appling Way Shop Lj - lj 10/5 cates Two commercial projects to begin soon in Wolfchase area By LAURIE JOHNSON The Daily News As construction on the Wolfchase Galleria Mall continues in high gear through the summer building season, commercial development also progresses a...

66. Archived Article: Inv Focus - 1/29 jts investment focus New York Cotton Exchange posts record year Options volume exploded in 1995; trading increase driven by lower production and high demand in developing world By JAMES SNYDER The Daily News The New York Cotton Exchanges 125th ...