Nashnville-Knoxville
Yardi Matrix: Music City’s Diverse Economy
Multifamily Summer Report 2016: Driven by a diversified economy, the Nashville/Knoxville metro is becoming one of the nation’s most attractive secondary markets for developers and investors.
Music City Looking Forward to Three New Zaxby’s Restaurants
After launching a successful first Zaxby’s restaurant at 915 Bell Road in Nashville four years ago, franchisee Robert Ward is now planning to open not one, but three new locations in the area.
Heritage Medical Buys Office Building for $5.4M
Heritage Medical Development Group LLC is expanding its portfolio with the acquisition of a health-centered office building.
Market Snapshot: People Want to Live in Nashville
Apartment-sales numbers don’t lie–Nashville is on fire.
Market Snapshot: Nashville Retail Rocks!
Retail growth in Music City is coming up roses.
MARKET SNAPSHOT: Nashville’s Booming Economy
By Eliza Theiss, Associate Editor Nashville—Exceeding the national job growth average for a fifth year in a row, with a 2.4 percent expansion accounting for 20,000 new jobs, Nashville is an increasingly attractive market for both multifamily and commercial investors, Marcus & Millichap data shows. Music City’s strong economic growth, lower entry costs and higher than average first-year ROIs are sparking robust interest from out of state buyers, many of which are transposing capital from getaway markets. Targeted properties are generally worth $10 million with 80 to 100 units. The dearth in these types of properties is further sharpened…
Duke Fills Metro Nashville Distribution Center with Big Lease
Duke Realty Corp. has signed B&G Foods to a new lease for 445,942 square feet in its Park 840 Logistics Center in Lebanon, Tenn.
Executive Insights: Michael McNally, Southern Land Co.
Southern Land Co. recently rocked the Nashville real estate market with the $95.1 million sale of Elliston 23 Apartments, a mixed-use luxury multi-family development, which it owned in a joint venture with institutional investors advised by J.P. Morgan Asset Management. Vice president of mixed-use development Michael McNally Jr. talks about what the sale means for the company and for the white-hot Nashville apartment market.
Vista Germantown Sold for Record $53M
Nashville’s apartment market is reaching for the stars, with two record-breaking sales inked just a few days apart.