Property Tax Bite For CRE Might Be Especially Hard This Time Around
The four-year cycle of property taxes in Davidson County is never pleasant, but this year the reassessment has the potential to be quite a shock, even though various officials deny that. We spoke with property tax expert Will Clark, a senior manager at Altus Group, about what might happen.
Bisnow: What is your outlook for Davidson County property taxes?
Clark: We've seen robust increases in commercial property valuations in the last few years. We were projecting increases between 30% to 40%, but they've been higher than that for a…
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Co-Working Space Coming To SoBro District
A building that was the longtime home of Nashville Carpet Center will soon have another use: co-working space. The 13.5K SF property at 515 Fourth Ave. S will be known as SoBro Biz Center and will offer offices and conference…
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Experts Say Dual-Branded Hotels Are In, And '800-Room Marriotts' Are Out
As the hotel industry learns to streamline costs and position itself to be more competitive against entities like Airbnb, many of the world's leading hotel owners have taken to combining multiple concepts under one roof in a trend known as dual-brand hotels.
“When was the last time you saw a new 800-room Marriott? That day is over,” said Tom Engel, head of Boston-based hotel advisory and asset management firm T.R. Engel Group. “They're white elephants.”
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Indiana Musician Becomes SoBro Development's First Artist-In-Residence
Indiana-based singer-songwriter Jay Filson recently won The SoBro's first artist-in-residence competition, which the property's developer, Magellan Development Group, called "The SoBro Star." Filson will move to Nashville to pursue his music while living rent-free at The SoBro for a year, though…
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Continued Strength In Suburban Office Markets Dispels Myths
The narrative surrounding the U.S. suburban office market is quickly changing. As municipalities build more walkable, amenity-rich neighborhoods with strong live/work/play synergy that appeals to young professionals, it is blurring the line between urban metros and suburban markets. The industry has dubbed these markets “hipsturbias” or “urban burbs.”
Suburban office has seen positive absorption for several years now, with vacancy rates hovering near pre-recession lows, CBRE Americas head of office research Andrea Cross said — a testament to the health of the industry being stronger than the common perception.
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We're Looking For A New Head Of Sales!
Bisnow Media is seeking an energetic, enthusiastic and metric/results-oriented head of sales to lead a team of passionate sales professionals through the next phase of Bisnow's growth. The head of sales will report directly to the CEO and chief operating…
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