MarketStreet buys Grassmere Business Park buildings for $25.94M

Gulch developer takes over portion of suburban office complex
Jun 12, 2015 12:32 PM

Women's clothing boutique plans Brentwood store

A Charleston-based upscale women's apparel and footwear boutique plans to soon open its first store in Tennessee in the CityPark development on Franklin Road in Brentwood. Copper Penny will take up space in Building E of CityPark's 40,000-square-foot retail section, sitting close to the Hilton Garden Inn being built adjacent to the Mooreland historic home. The CityPark site will be the ninth location for Copper Penny, which first opened its doors about 25 years ago.

 

Jun 12, 2015 7:34 AM

Germantown brewery owners land permit

The owners of Germantown-based Bearded Iris Brewing Co. have landed a permit for interior renovations to the building from which they will operate, according to a Metro Codes Department document.

The Carter Group will handle the work, with the permit valued at $140,000.

The building is located at 101 Van Buren St., with Bearded Iris to be the fast-changing mixed-use district’s first micro brewery.

Jun 12, 2015 7:00 AM

Hattie B's eyes Germantown

Nashville-based Hattie B's Hot Chicken is targeting a Germantown location, The Tennessean reports.

According to the morning daily, father and son owners Nick Bishop Sr. and Nick Bishop Jr. will operate what will be their third local eatery from a proposed mixed-use development to be located at the southeast corner of the intersection of Rosa L. Parks Boulevard and Monroe Street. In addition to restaurant and retail space, the building will include three stories of apartments.

The Bishops are hoping to open in late 2016 or early 2017, The Tennessean reports.

Jun 11, 2015 10:41 AM

Council kills contentious capital projects

In a meeting fraught with contretemps, the Metro Council removed funding for all three big Dean Administration projects — the flood wall, the relocation of the jail and the new police headquarters.

Tuesday's meeting turned particularly heated on two occasions. Dominy, as he interrogated Metro Finance Director Rich Riebeling on the jail plan, appeared to accuse the finance director of lying about the proposal. That prompted Riebeling to point from across the council chambers toward Dominy and say, "You don't call me a liar."

Earlier, Councilman Todd charged that "backroom" trades had taken place by the administration. Mayor's Office of Economic and Community Development Director Matt Wiltshire responded to that accusation by storming out of the council chambers.

Jun 10, 2015 6:56 AM

Is the clock ticking for a big Brookdale REIT deal?

Ronald Orol at The Street says activist investor Sandell Asset Management appears to hold a strong hand in its dealings with Brookdale Senior Living, which it wants to spin off its real estate. The New York-based investment firm, Orol writes, plans to add to its board presence next spring to try to force such a transaction unless Brookdale's directors act before then. And the pieces are in place for such action — as are two deep-pocketed potential buyers.

For HCP and Ventas, an acquisition of Brookdale or its assets would prevent the formation of a new rival. Any move by Brookdale to spin off its massive real estate holdings into a free-standing REIT would create new competition for HCP and Ventas in the health care REIT industry, people familiar with Sandell argue.

Jun 8, 2015 7:20 AM

Permit Patrol: 8 June 2015

Germantown project progresses, oneC1TY build-out, VUMC vaccine program space to get upgrade, and more...
Jun 8, 2015 7:00 AM

Bank adding to West End space

Memphis-based lender moved into market in '11
Jun 5, 2015 12:42 PM

Supreme Court to hear Metro, BOZA billboard dispute Wednesday

Court to settle standing issue in bizarre case
Jun 2, 2015 7:20 AM

Real estate notes: Giarratana buys in Midtown

Also: Covenant Capital sells Florida properties for almost $100M
Jun 1, 2015 12:18 PM