retail real estate | nashvillepost.com

Franklin grocer family to open downtown store

Andy Marshall, who runs Puckett's Grocery Store in Franklin, will open another outlet in downtown Nashville this fall, less than a block from the H.G. Hill Urban Market in the Viridian tower. The store will open in the former Amy's Restaurant space at Fifth and Church.

Mar 23, 2010 2:01 PM

Watermark owners head into 12South

Hospitality Development Group, the local umbrella company for the Watermark and Miro restaurants, has acquired Mirror, the 12South eatery made popular over the past decade by Michael and Colleen DeGregory.

Mar 12, 2010 4:22 PM

Pinnacle merges Green Hills offices

Pinnacle National Bank last week relocated the staff of its former Richard Jones Road office to other area branches. The largest bank headquartered in Nashville, which also runs an office on nearby Crestmoor, decided not to renew a lease it took on when it acquired Mid-America Bancshares in late 2007. Office Manager Mickey Keith has relocated to Pinnacle’s West End office, while the Crestmoor office will get some interior renovations this spring that will expand its client service area, workspaces and conference room.

Mar 8, 2010 12:37 PM

Pedal power for Midtown

Former professional cyclist Todd Nordmeyer (pictured here) has opened Endeavor Performance, a high-tech training facility, on Hayes Street. The indoor center uses simulation technology to let riders train in groups on their own bikes.

The series' formats are designed to improve athletic performance by varying the training stresses, using wattage, heart rate and cadence to accurately gauge individual effort. Nordmeyer tailors each series to work on specific cycling abilities and skills, and regular performance testing gauges and evaluates improvement.

Mar 8, 2010 7:42 AM

A dividend rebound play in our backyard

Analyst David Fick at Stifel Nicolaus says that retail real estate investment trusts, having weathered the worst of the financial storm, now have the ability to boost their cash payouts big time. Chattanooga's CBL & Associates, which runs four malls in the Nashville area, could triple its dividend this year, he says.

I don't think that's really recognized in the market. The last two years were characterized by what we call "the wall of shame." We sold the market the idea that REIT dividends were safe and stable in the long term, and it turned out that when stressed, that really that was not true.

Feb 17, 2010 8:04 AM

Nashville in 2010 expansion plans for Mexican chain

North Carolina-based Salsarita's says Middle Tennessee is a key market for its growth plan in the coming 12 months. The chain, which opened a Murfreesboro store last year and has outlets in Mt. Juliet and Hendersonville, now has about 80 locations in 17 states.

Feb 15, 2010 10:20 AM

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Hickory Hollow owner slashes its value by 88%

In reporting its fourth-quarter results, CBL & Associates — which owns the CoolSprings Galleria, RiverGate Mall and Hickory Hollow Mall — says the last of those three will generate a lot less cash going forward, which requires an adjustment of its book value. The 1.1 million-square-foot center's new "appropriate" value for Chattanooga-based CBL: $12.6 million, down from more than $107 million. The small piece of good news:

Currently Hickory Hollow Mall generates insufficient NOI to cover debt service on its $33.4 million recourse loan. CBL plans to continue to service the loan, which is self-liquidating, over the remaining eight year term.

SEE ALSO: Shopping shuffle from one our recent print editions

Feb 4, 2010 8:03 AM

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Bellevue Center High School?

Council Member Charlie Tygard has met with community groups to discuss if and how Bellevue Center might be converted into a magnet school. Joey Garrison has the details.

Jan 26, 2010 8:48 AM

O'Charley's division shutting stores

The Ninety Nine chain owned by O'Charley's is closing three Connecticut restaurants this month and could shut down others later this year because of weak consumer spending. Ninety Nine runs about 100 eateries in the Northeast and accounts for about 30 percent of O'Charley's sales.

Jan 25, 2010 8:32 AM

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Opry Mills lands two tenants

Clothing retailers J. Crew Factory Store and Clarks Bostonian have signed up for space at Opry Mills, their first in the Nashville area. Both stores will be open by June.

Jan 21, 2010 10:49 AM