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Editorial Results (free)

1. Downtown May Get New 12-Story Boutique Hotel -

A plan to redevelop the former Tenoke Building into a hotel may be revived several years after a similar idea for the vacant Downtown office high-rise fell through.

Vibrant Hotels Inc., an affiliate of Batesville, Mississippi-based development company JVD Enterprises, is seeking a special use permit that would allow the conversion of the century-old Tenoke, located at 161 Jefferson Ave., and the adjacent one-story office at 191 Jefferson Ave. into an “upper-brand franchised full-service hotel,” according to an application filed with the city-county Office of Planning and Development in August.

2. Two More Boutique Hotels to Arrive Soon -

An out-of-town developer with one hotel planned for the Downtown market has purchased the former Memphis College of Art graduate school at 477 South Main for another hotel.

California-based Wessman Holdings was attracted to Downtown’s growth of boutique hotels and abundance of vacant buildings, said principal John Wessman.

3. Council Final Vote on Pot Ordinance Tuesday -

Memphis City Council members take a third and final vote Tuesday, Oct. 4, on an ordinance that would decriminalize possession of less than a half ounce of marijuana.

The proposal pits some council members who believe the measure will make the city’s problem with illegal drugs worse against council members who see the ordinance as an important statement about making even larger changes to the local criminal justice system.

4. Hotel Napoleon Joins Growing List of Unique Downtown Lodging -

A Downtown property’s ample windows, turn-of-the century architecture and an interesting backstory attracted hotel developer Suna Investments to the historic Winchester Building at 179 Madison Ave.

5. The Week Ahead: August 7-14 -

Happy Monday, Memphis. As many local students return to schools today, fans of The King are starting their pilgrimage to Graceland for the kickoff to Elvis Week. Here’s what else you need to know about this week…

6. Bank Building Set To Become Boutique Hotel -

158 Madison Ave.
Memphis, TN 38103

Sale Amount: $1.1 million

Sale Date: June 13, 2016

Buyer: Wessman Holdings

7. Last Word: The Greensward Deal, Pulpit to Protest Call and Leader Federal's HQ -

There is nothing quite like a deadline to produce results.

I’m not talking about this job, although it is more than a coincidence that the closer a deadline gets the more you start to figure out how to write something.

8. Boutique Hotel Planned For Downtown Bank Building -

The former Leader Federal headquarters will be converted into a boutique hotel.

Wessman Holdings, an out-of-town group, purchased the property at 158 Madison Ave. from 158 Madison LLC for $1.1 million, according to a June 13 warranty deed. The five-floor building was built in 1961 and bears more than 62,000 square feet.

9. Regions Brings New Format, Technology to New Branches -

When Regions Bank holds the grand opening for its new Downtown branch at 88 Union Ave. on March 17, one of the things on display will be a vision of what Regions sees as the future of banking.

10. Regions to Trade Two Downtown Branches for One -

Regions Bank is combining two of its Downtown branches into a new location at 88 Union Ave.

The new 3,500-square-foot location, at the northwest corner of Main Street and Union Avenue, will be renovated over the next few months.

11. Minority Business Development Agency Opens State’s First Business Center in Memphis -

The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) Friday officially opened its first business center in the state of Tennessee at 158 Madison Ave., Suite 101, in Downtown Memphis.

12. Minority Biz Council Receives Designation -

The U. S. Department of Commerce Minority Business Development Agency (MBDA) has named The Mid-South Minority Business Council Continuum (MMBC) the first MBDA Business Center in the state of Tennessee.

13. Minority Biz Council Hosts 'Strategic Fits' Seminar -

Memphis Minority Business Council (MMBC) will host a quarterly training seminar called “Strategic Fits: Building Successful Joint Ventures & Strategic Alliances,” Thursday, March 8, from 8 a.m. to 11 a.m. at its offices, 158 Madison Ave., suite 300.

14. Events -

The Memphis Minority Business Council will hold a seminar titled “Demystifying the RFP Process” Thursday, Oct. 13, from 8 a.m. to noon at the MMBC Continuum, 158 Madison Ave. Cost is free. For more information or to register, contact Yolanda Dillard at 525-6512 or ydillard@mmbc-memphis.org.

15. Events -

The Memphis Chapter of the Public Relations Society of America will hold a luncheon Wednesday, Oct. 12, at 11:45 a.m. at the Fogelman Executive Conference Center on the University of Memphis campus. Mary Kathryn Walker, American Cancer Society communications and marketing field strategy associate director, will speak. Deadline to register is Tuesday, Oct. 11, at noon. To register, call 754-9035 or visit www.prsamemphis.org.

16. Events -

The Memphis Chapter of the Public Relations Society of America will host a professional development seminar Tuesday, Aug. 2, from 9 a.m. to 11 a.m. at the Holiday Inn University of Memphis, 3700 Central Ave. Joe Incardona of Media Source will conduct a seminar titled “Monitoring, Measuring and Giving Value to Social Media.” To register, call 754-9035 or visit www.prsamemphis.org.

17. Events -

The Memphis Chapter of the Public Relations Society of America will host a professional development seminar Tuesday, Aug. 2, from 9 a.m. to 11 a.m. at the Holiday Inn University of Memphis, 3700 Central Ave. Joe Incardona of Media Source will conduct the seminar titled “Monitoring, Measuring and Giving Value to Social Media.” To register, call 754-9035 or visit www.prsamemphis.org.

18. Lynnfield Place Apartments Sell for $22.4 Million -

1400 Lynnfield Road
Memphis, TN 38119
Sale Amount: $22.4 million

Sale Date: June 14, 2011
Buyer: Lynnfield Holdings LLC
Seller: Lynnfield Place Tennessee LLC
Details: Lynnfield Place Apartments, on the east side of Lynnfield Road about halfway between Park Avenue to the north and Quince Road to the south, has sold for $22.4 million.

19. Hacks Cross Center Sells For $1 Million -

A shopping center in the Southeast submarket has traded hands. AAK Ventures LLC acquired the 10,500-square-foot Players Crossing Retail Center, 3285 Hacks Cross Road, from BancorpSouth for $1 million.

20. Madison Office Building Sells for $1 Million -

158 Madison LLC, a Tennessee limited liability company with a mailing address in Abbotsford, British Columbia, has bought a five-story vacant office building at 158 Madison Ave. from Centennial, Colo.-based CHITI LLC.
Built in 1961, the 62,377-square-foot Class C building is on 0.3 acres at the northeast corner of Madison Avenue and an alleyway between North Second and North Third streets to the west and east.
CHITI LLC bought the property in December for $695,000. The Shelby County Assessor of Property’s 2011 appraisal is $1.3 million. No financing documents were filed at the time of sale.

21. Events -

The Mid-South Minority Business Council will present the seminar “Strategies for Business Development” today from 8 a.m. to 11 a.m. at MMBC, 158 Madison Ave., Suite 300. Cost is $15 for members and $25 for nonmembers. To register, call 525-6512.

22. Events -

Baker, Donelson, Bearman, Caldwell & Berkowitz PC will present “Top Ten Ways to Reduce Your Wage and Hour Liability” today from 8:30 a.m. to 9:30 a.m. at the Holiday Inn, 280 Marathon Way in Southaven. The event is free. To register, contact Nicolette Thomas at 577-2328 or nthomas@bakerdonelson.com.

23. Hispanic Business Alliance Sets Open House for Office -

The Hispanic Business Alliance is celebrating its new Downtown location and a partnership it has formed with the Mid-South Minority Business Council (MMBC).

The Hispanic Business Alliance is now leasing space in the MMBC’s incubator at 158 Madison Ave., Suite 101. The shared space and partnership will allow the two organizations to team up on training programs and other development initiatives.

24. Latino Rights Leader To Speak at CBU -

Jose A. Velazquez, a former Memphian who now leads the nation’s largest Latino civil rights organization, will speak tonight at Christian Brothers University to kick off a community discussion on Hispanic issues.

25. Events -

The Memphis Regional Chamber will host its Regional Logistics Council Meeting today from 8 a.m. to 10 a.m. at the Memphis Marriot East, 2625 Thousand Oaks Blvd. Ross Bjella, president of DDN Pharmaceutical Logistics, will be the speaker. R.S.V.P. to Janelle Robinson at 543-3532 or jrobinson@memphischamber.com.

26. Old Union Planters Building Gets Major Facelift -

With the Center City Commission (CCC) listing 1,065 condominiums in the Downtown market and with more on the way, a Dallas-based residential development company has decided to go in a different direction.

27. Archived Article -

2670 Frayser Blvd.
Memphis, TN 38127
Cost: $2.5 million

Buyer: J. Paul McNamara and Donna Lynch Ayers, trustees
Seller: CP Rad Tonj LLC
Property: Property at 2670 Frayser Blvd. near Range Line Road.

28. Realty Trust PurchasesMadison Avenue Offices - First States Investors 4200 LLC has purchased a five-story, 49,701-square-foot office building at 158 Madison Ave. from Union Planters Bank NA for $1.5 million. The buyer is an affiliate of Pennsylvania-based American Financial Realty Trust. The buil