Commercial Real Estate
Nashville’s Newest Would-Be Corporate Citizen Declares Bankruptcy
IQT Solutions, the company Mayor Karl Dean’s administration courted to downtown, filed bankruptcy in Canada before laying off 1,200 employees there and is blowing up in the mayor’s face.
The New York-based company announced in early June it would bring 900 jobs to downtown office space south of Broadway for a call center. Dean’s administration had [...]
Fair Board’s Ping Pong Match with State Fair
What was a circus has become a ping pong match on who will operate this year’s Tennessee State Fair.
Earlier today, the Metro Fair Board gave the contract back to the Tennessee State Fair Association after pulling it away from the non-profit last month and awarding the job to Delta Agribusiness. It turns out Delta Ag [...]
Call Center Headed to Downtown
UPDATE: The company confirmed in an announcement today that Nashville would be the headquarters location for the company. IQT has operations in Canada as well. The company said it will create 900 jobs over five years, which exceeds the necessary job creation targets to obtain a local incentives package.
As originally reported: Well, it’s out. The [...]
Fifth Third Buys a Belle Meade Branch
Fifth Third Bank has bought the old First State Bank location in the Belle Meade area, a spot Starbucks had considered for a location.
First State bought the property 4329 Harding Pike in 2006 from Regions Bank after the shuffle following Regions buying Union Planters. Regions moved down Harding to the former Union Planters location, which [...]
Condo Project Goes Back to Bank
Even the small condominium projects are having difficulty selling units, trouble that has ended up with banks owning the development.
The Maxwell, a 12-unit project built four years ago, is the latest has to back to the bank. Accord Properties, the borrower, signed over the property located at 3210 West End Circle to GreenBank in a [...]
Analysis: Regionalism's Challenge in Economic Development
Since Mayor Karl Dean took office, regionalism on economic development has taken a substantial hit. But it’s not entirely his fault.
You could argue economic development related regionalism took a hit under his predecessor Bill Purcell as Williamson County lured companies from Nashville, in part by putting a development zone with tax incentives near where Nissan [...]
Fifth & Main Condos Headed Back to Market
The Chicago-based company that bought Fifth & Main late last week now plans to take the condominiums back to market next month.
ACG Equities paid a little over $11 million for the residential and commercial development. More than $9 million covered the condo portion of the project in which 60 of the 129 were leased. Nine [...]
Idea of Studying Best BallPark site Draws Eye Rolling
Studies, studies and more studies. They are almost becoming cliché as a way to decide how to pursue a particular development.
News that Mayor Karl Dean wants to hire a consultant to study the best location for a new Nashville Sounds ballpark drew some eye rolling last week. In some quarters, studying a streetcar up Broadway [...]
Streetcars could be Dean's Economic Engine
Mayor Karl Dean took a lot of heat with the Tennessee State Fairgrounds, not only losing in Metro Council but also engendering a general view that the issue had been botched from the start.
That brought grumbling behind about the lack of vision and strategy on economic development. But what the mayor isn’t getting enough credit [...]
Nashville Enters Game of Paying to Keep Jobs
Asurion, indeed, is getting the job growth incentive Mayor Karl Dean is pushing through Metro Council. As Gomer Pyle used to say, “Surprise, surprise, surprise.”
Not really. You could see this coming from a mile away. The announcement comes on the heels of Asurion announcing its intent to stay in Nashville and grow here and an [...]
Enclave
- Metro Nashville Public Schools Director caught on tape saying modestly paid MNPS employees have sense of "entitlement" he intends to change
- Brentwood council member arrested in close proximity to North Nashville public schools, but not charged with the proximity code violation
- Planning staff recommends approval of 6th & Garfield development, calls location "West Nashville"
- Gail Kerr with the talking points on the "self-mutilation" of Brady Banks
- Despite an unforgiving political context, the council's resident reverend preaches forbearance for Brady Banks
- Crime alert: this one involves a council member
- Crime Alert: home invasion in the Buena Vista neighborhood
- Metro Police shut down single Occupy Nashville tent protest on the Courthouse Square
- Stand for Children - Tennessee brings in big gun from bygone Bredesen days to lobby its "education reform" cause
- Facebook is not a good neighbor, which is not good business
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