Nashville Real Estate Blog - Blog Archive: December, 2012

information relating to real estate in Nashville Tennessee

Nashville Real Estate Blog - Blog Archive: December, 2012 Close
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December 2012

Found 7 blog entries for December 2012.

The Baptist Healing Trust (BHT) in Nashville, Tennessee, is transferring its offices at 1919 Charlotte Ave to a building located at 2928 Sidco Drive.  BHT paid almost $1.25 million for the property which was owned by IKON Development LLC. The foundation for some time had been searching for a new office location, and the 6,600-square-foot building appears the right choice.

Chas. Hawkins Co. in Nashville helped BHT in the purchase negotiations. R. Stephen Prather, a broker from the company who represented the buyer, said that the building suits very well what the foundation is looking for. BHT had earlier considered relocating its offices to the Trolley Barns at Rolling Mill Hill.

Grant-giver Opts for Renovated Structure

The occupant of the

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According to statistics gathered from multiple organizations operating within the Nashville real estate industry, no significant changes have occurred in the retail market during the third quarter. Studies conducted by CoStar Group indicate that the vacancy rate went from eight percent of the last quarter to 8.1 percent of the third, reflecting a minimal 0.1 per cent improvement.

Research also shows a net negative absorption of 8,143 square feet, while vacant subleased space decreased by 1,723 square feet. Meanwhile, minor changes were noted in quoted rental rates, which increased to $13.59 per square foot from the $13.41 per square foot witnessed during the previous quarter.

While there are obviously numerous newer deals which have been made during this

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After successfully raising over $500,000 for President Obama’s re-election bid this year, real estate executive Bill Freeman is now considering a run for Nashville mayor in 2015.

While any candidate coming from the business sector may often be subjected to voter scrutiny due to their affiliations with numerous companies within their designated industries, Freeman still believes that he’d make a good mayor, but still hasn’t set any solid deadline as to when he’d make a final decision.

“I’ve not made any decisions on that, pro or con,” he said. “I’m intrigued by the possibility of a businessperson looking at it. But I’m also intrigued with the crop of candidates that are considering it.”

Metro lobbyist Joe Hall believes that Freeman’s move to run

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During the presidential campaign, both candidates ignored the issues about the housing market.  They never gave a clear position or statement about real estate.  But now that President Obama is back in the White House, here are some predictions on how the administration will handle the situation based on his administration’s previous actions.  Although his administration hasn’t released a definite policy the following actions are expected to take place:

Implementation of the Dodd-Frank Act

It’s now expected that the Dodd-Frank Act will be implemented to its full extent.  The set of difficult standards will be the normal process when it comes to lending.  More rules will be established under this act and they will include higher capital limits for

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It’s a great time to be a buyer in the Nashville, Tennessee area at the moment - or at least, it is if the US Census Bureau’s latest statistics are anything to go by. According to them, there are more than 62,640 vacant homes in the greater Nashville area, underlining a wealth of opportunity in the city for all prospective buyers.

The figure is by no means small, but nevertheless experts say that it isn’t an unhealthy one either. The Nashville-Davidson-Murfreesboro-Franklin metropolitan statistical areas’ total inventory stands at no less than 676,139 housing units according to Census data, which means that its current occupancy rate stands at a very healthy 90.74%. This puts the city 34th overall in the United States, according to survey firm On

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Nashville’s highly anticipated Omni Hotel is on track to meet its goal of opening in time for the fall of next year, with the news that the structure has topped out following 17 months of construction workers first broke ground.

Situated in Fifth Avenue in the downtown area of Nashville, the Omni Nashville Hotel is one of the most iconic elements of official’s plans to revitalize Music City, explained Mayor Karl Dean.

“Along with the expanded Country Music Hall of Fame and the new Music City Center, Omni Nashville Hotel will add a new vibrancy and energy to downtown, ensuring Nashville’s status as one of the most dynamic destinations in the country,” said the mayor.

“Reaching this construction milestone brings the city one step closer to the grand

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In partnership with Austin Peay State University, the Clarksville Community Concert Association (CCCA) had the Nashville Symphony Orchestra and Nashville Symphony Chorus perform the first concert at the university’s soon-to-be re-dedicated concert hall.

The Austin Peay State University Music/Mass Communication building concert hall is to be renamed after Dr. George and Sharon Mabry, two of the university faculty’s most notable members since the 1970’s. Together, the couple’s active participation in the community and school has made substantial impacts on both sectors throughout the years.

The George and Sharon Mabry Hall has gained popularity over the last decades, and was listed as one of the top ten concert halls across the country in the Robb

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