Auction Buyer Snaps Up Developable Downtown Parcels For $9M
Developable land is fairly rare in Downtown Nashville, so the rush was on last week among the 30 attendees of an auction in Nashville to sell two adjacent parcels on the James Robertson Parkway. The land is especially attractive because it is zoned for a variety of uses. In the end, the roughly two acres sold for nearly $9M.
The winning bidder will be disclosed after closing of the sale, probably in early August. The seller was the State of Tennessee, which used the auction to dispose of surplus land in a way that would take advantage of the…
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Major Entertainment Venue Planned For Nashville Yards Redevelopment
AEG, one of the country's largest live entertainment companies, is planning a 4,000-seat indoor music venue as part of the Nashville Yards redevelopment project near Downtown by master developer Southwest Value Partners. The LA-based AEG's venue would anchor a four-acre,…
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Whiskey Maker Acquires Wedgewood-Houston Property
Whiskey maker Darek Bell, who owns Corsair Distillery, bought 429 Houston St. in the Wedgewood-Houston neighborhood of Nashville for $4M. The site is home to a warehouse occupied by Outdoor Lighting Perspectives.
The deal comes on the heels of Corsair's…
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Property Owners Reap Cost Savings With Green Building
Eco-friendly features are cropping up on buildings around the country. In addition to green roofs and solar panels, private-public partnerships are increasingly building more efficient and cost-effective stormwater systems.
And owners are reaping major monetary rewards for their efforts.
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6 Fast Facts About Retail That Defy The Sector's Negative Image
While the retail industry experiences growing pains during this seismic shift in favor of e-commerce, not all retail real estate is struggling. These six facts signal continued strength in the sector during its evolution.
1. National Retail Rents Reached A Nine-Year High In Q1
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