Lipscomb Academy breaks ground on $5M indoor athletics facility

Fall 2016 completion eyed for center honoring McCadams
Nov 25, 2015 11:15 AM

Quorum to take second Southeast Venture building in Brentwood

July 2016 completion eyed for Phase I of Mallory Park project
Nov 25, 2015 7:00 AM

Berry Hill parcels sell for $1.5M

Investors consider various options, including self-storage facility, for property
Nov 24, 2015 7:00 AM

First Tennessee among multiple future tenants at Hill Center Brentwood

Hill Realty also announces three restaurants, three retailers for project
Nov 23, 2015 6:45 PM

Downtown skyscraper to undergo upgrades, lands broker for new leases

Nashville City Center owner preps for GS&P departure
Nov 23, 2015 12:59 PM

Connector start stalls as Greyhound land acquisition not finalized

Completion of $25M Metro project in SoBro could be delayed
Nov 20, 2015 1:13 PM

MetroCenter eyed for apartment project

Texas-based developer seeks site plan approval
Nov 19, 2015 12:22 PM

Why one analyst isn't concerned about Cat Financial

Investors are starting to ask serious questions about the companies lending money to the post-peak energy and agriculture sectors, so it's natural that Barclays analyst Robert Wertheimer and his peers are being asked about Caterpillar Financial in addition to the Deere and CNH Industrial. But Wertheimer isn't concerned about the portfolio of West End-based Cat Financial, which is having to swallow some bitter medicine as its parent company retrenches. The lender, Wertheimer says, is growing market share and should benefit from its greater exposure to the construction sector. Read more of his thoughts here.

Nov 18, 2015 6:58 AM

Giarratana lands financing for 505 skyscraper

Giarratana Nashville is on track to close on a $93.3 million senior construction loan, thus concluding the financing portion for the company’s 505 skyscraper now under construction in the Central Business District.

Little Rock, Ark.-based Bank of the Ozarks is the lender, according to a Metro Development and Housing Agency letter addressed to Tony Giarratana.

The Bank of the Ozarks loan will be supplemented by a $37.6 million mezzanine loan LaSalle Property Fund REIT Inc. is providing.

Giarratana Investors and Chicago-based general contractor The Walsh Group are providing a total of $25 million of equity.

To stand about 545 feet tall and include a mix of ground-level retail space and apartments, 505 will be located at the southeast corner of the intersection of Church Street and Fifth Avenue North. If standing today, it would be Nashville’s tallest building consisting primarily of residential space. Viridian, the current tallest, is also a Giarratana development.

Nov 17, 2015 3:36 PM

Real estate notes: Fender Building set for upgrades after sale

The members of entertainment law firm Keller Turner Ruth Andrews & Ghanem plan upgrades for the Fender Building on Music Row after having acquire it for $1.84 million, according to a release.

The attorneys plan to begin renovation work soon and move their offices in 2016 from Terrazzo in The Gulch to the building, the address for which is 20 Music Square W. The two-story building spans 10,000 square feet and sits on a .34-acre lot.

Of note, Nashville-based Manuel Zeitlin Architects designed Terrazzo and is also designing the renovation of the Fender Building (pictured at left and below).

“We are excited about moving our entertainment and sports legal practice to the historic heart of Music City and to a building that has played such a central role in creating Nashville’s musical reputation,” firm partner Jennifer Ghanem said in the release. “We hope to capture the historical spirit of this structure, paying homage to the people and organizations it has housed over the years, and I believe we have the right architect for the job. We look forward to seeing Manuel’s vision take shape.”

KTRAG attorneys were represented on the sale by James Roscoe High and J.C. Darby of Southeast Venture. The seller, Brandon Liggett, of Titan Real Estate Group, represented himself in the transaction.

In addition to guitar maker Fender, the building (opened in 1967) housed ABC Records, and the record label operated a small recording studio there.

JLL to handle management of two Green Hills buildings

JLL announced today its Nashville office will handle leasing and property management for 20 Burton Hills and 40 Burton Hills. Archerd Bell Investments owns the property.

The two Class A office buildings span a collective 240,000 square feet, according to a release. With 49,000 square feet available, 20 Burton Hills has one of the largest blocks of vacant space in the Nashville market.

“We are excited about the opportunity to work with Archerd Bell Investments on the management and leasing of their office portfolio in Green Hills,” Bill Adair, JLL vice president, said in the release. “The vacancy at 20 Burton Hills is great space, which we feel will appeal to current tenant needs.”

The JLL team includes Bill Adair, vice president, and Jennifer Morris, general manager. The team will work closely with Chuck Archerd, managing partner and CFO of Archerd Bell Investments.

JLL leases and manages 33.1 million square feet of assets across the Tennessee market.

Hill Realty Five Points-area project lands permit

H.G. Hill Realty Co. has landed a permit for its Five Points-area project in East Nashville, according to a Metro document.

Dowdle Construction Group will handle the work, with the permit valued at about $1.24 million.

The building (read more here) will offer ground-level retail and offices on the second level. Its address will be 960 Woodland St.

Core drilling at Cambria site

Men were seen today on the SoBro site to accommodate a Cambria hotel.

Read more here.

Groundbreaking looms for 222

Jersey barriers have been installed at the SoBro site to accommodate mixed-use tower 222. Read more here.

MDHA OKs 505 amenities deck

The Metro Development and Housing Agency Design Review Committee Tuesday morning unanimously approved the amenities deck for the 505 mixed-use tower, construction for which is now underway at the southwest corner of the intersection of Fifth Avenue north and Church Street.

Read more here.

(Image courtesy KTRAG and MZA)

Nov 17, 2015 1:45 PM