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Editorial Results (free)

1. French Quarter Deal Collapses -

A Texas-based group had inked a deal to purchase the long-vacant French Quarter Suites Hotel near Overton Square, but the proposed sale fell through the cracks.

Austin, Texas-based ASC Management had until Oct. 31 to close on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street but did not complete the sale.

2. French Quarter Suites Deal Hangs in Balance -

A planned deal to redevelop the long-vacant French Quarter Suites Hotel near Overton Square is nearing a critical deadline.

Austin, Texas-based ASC Management has until Oct. 31 to close on the purchase of the 105-room inn at the northeast corner of Madison Avenue and Cooper Street but has not yet done so, according to one of the property’s current owners.

3. French Quarter Deal Hangs in Balance -

A planned deal to redevelop the long-vacant French Quarter Suites Hotel near Overton Square is nearing a critical deadline.

Austin, Texas-based ASC Management has until Oct. 31 to close on the purchase of the 105-room inn at the northeast corner of Madison and Cooper Avenues but has not yet done so, according to one of the property’s current owners.

4. Center City Revenue Finance Corp. Passes Financing for Downtown Buildings -

The Downtown Memphis Commission’s Center City Revenue Finance Corp. passed several housekeeping items at its Tuesday, Nov. 13, board meeting, including assigning a payment-in-lieu-of-taxes (PILOT) lease agreement to Montreal-based Olymbec USA LLC for Brinkley Plaza, 80 Monroe Ave.

5. Loeb Makes Progress on Square Plan -

The blue banner that hung until recently at the curved building at Cooper Street and Madison Avenue and read “Returning in 2012” will soon ring true for Overton Square and its developer, Loeb Properties Inc.

6. Changes in Dining Scene Highlight Dynamic Year -

On Thanksgiving Eve, we drove to the airport to pick up my stepson, one of whose flights had been delayed, so it was after 10 by the time he emerged from baggage claim. All being hungry, I drove to Cooper-Young, thinking we could easily get in at the recently opened Alchemy at 10:30.

7. Hyneman Sells 3-acre Outparcel Of Lakeland’s Corner Shops -

2957 Canada Road
Lakeland, TN 38002
Sale Amount: $550,000

Sale Date: March 22, 2010
Buyer: A. Douglas Collins
Seller: Corner Shops LLC

8. Growth Continues for Resource Entertainment Group -

Howard Stovall and Mike Brocato, managing partners at Resource Entertainment Group, said they never imagined they would need to become legal specialists to work in the entertainment industry.

But they have spent the past couple of weeks doing just that. The entertainment services company, which just moved into its new office at 153 Monroe Ave. next to the Cadre building Downtown, recently signed a new client that required the company’s executives to learn about tort law and sovereign immunity among other things.

9. CCC Celebrates 30th Birthday With Clutch Of Downtown Redevelopment Plans -

One indicator of how successful the Center City Commission (CCC) has been in its 30-year run as the prime driver of growth in Downtown Memphis is a hefty price tag.

That price tag is $395,058, which represents the average price per acre of vacant land that was sold in Downtown's 38103 ZIP code from March 2006 through February 2007, according to real estate information company Chandler Reports, www.chandlerreports.com. During the same period one year earlier, the average price was $293,744. A year before that, an acre of vacant land went for an average price of $148,466.

10. Downtown Hotel FinancedFor $8.4 Million - Moody National Memphis RI S LLC and Moody National Memphis RI H LLC have financed the Residence Inn at 110 Monroe Ave. through Mortgage Electronic Registration Systems Inc. for $8.4 million. The 89-unit hotel was built in 1930. It is owned by Memphis