Commercial Real Estate
Shmerling buys food processor’s building
Nashville entrepreneur and real estate investor Michael Shmerling bought the 40,000-square-foot building occupied by Chairman’s Choice Foods, a company that is part of the food distribution and manufacturing company he helped co-found, Choice Food Group. …
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Snoop: LockMart Ghost, Jackson National TI, IRS Gets Cheap
Lockheed Martin isn’t close. Jackson National selects an architect. The IRS scores on Cool Springs property.
Word that Bethesda, Md.-based Lockheed Martin was looking at downtown came with a thud.
Why? The answer is that the deal has been floating around for months and isn’t considered a sure thing. It’s not even clear that the company has [...]
Leasing: Airways Plaza adds tenant
Dallas-based HomeTelos signed an 11,384-square-foot lease in Airways Plaza at 1283 Murfreesboro Road.
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Former Werthan Developer Takes on Milky Way Farms
Charles Jones, the man who kicked off redeveloping the old Werthan packaging plant in Germantown years ago, now is taking on a larger task – Milky Way Farms outside Pulaski, Tenn.
Jones is the second developer to take on the 1,100-acre property that includes horse barns, a 25,000-square-foot manor house, a horse track, a polo field [...]
Under the radar: Greyhound acquires necessary property
Property owners around Greyhound’s SoBro site can jump up and down all they want in opposition to the bus station but it may not matter.…
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Snoop: Rolling Mill Hill, 5th & Main and Hillsboro Village Apartments
Rolling Mill Hill developments gets a new buyer, 5th & Main still troubled and Hillsboro Village apartments headed for perhaps a record sale.
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Wall Street Continues to Pound Pinnacle Stock
Wall Street continues to pummel Pinnacle Financial’s stock and has driven shares to a new 52-week low this morning.
Twice the average volume yesterday pushed the stock to a 52-week low of $9.12 before closing at $9.15. But this morning shares have traded for as little as $9.00.
In general, the broader market has been struggling to [...]
Greyhound Faces Heat from Property Owners
Greyhound Bus Lines can’t seem to avoid opposition no matter what location it chooses. Once word got out that Greyhound had chosen a Lafayette Street location, surrounding property owners and businesses became hopping mad and began to organize to figure how to keep the bus station out.
Metro Council Attorney sides with CM Hollin on legality of SP triggers
This afternoon’s Metro Planning Commission meeting could have a few fireworks over an amendment to the Gallatin Pike Specific Plan.
East Nashville Councilman Jamie Hollin has been beating the drum over the legality of triggers in the plan for non-conforming uses and now he has a legal opinion from the Metro Council attorney, Jon Cooper,
backing [...]
East Nashville Councilman: Gallatin SP triggers are illegal
Hollin
Councilman Jamie Hollin fired another salvo in an ensuing battle to revoke the portion of the Gallatin Pike Specific Plan in his district.
On his blog, he makes the argument that the triggers in the SP plan that limit expansion of non-conforming businesses along Gallatin Pike, other than what state law allows, is illegal and unenforceable.
“I [...]
