• For Immediate Release 11/13/2009:

    Brentwood based Cumberland Commercial Partners, LLC has acquired the right to lease the 85,000 square foot Wachovia Building in downtown Nashville. Cumberland Commercial has named Christopher (Chris) Hancock as lead leasing representative for the project. Hancock anchors the company’s urban investment and leasing division, one of the fastest growing divisions in the company. Hancock will soon announce the lease rates and availability for the 9 story Class B office tower located in Nashville’s Central Business District.

    Chris Hancock can be reached via 615-574-3611 or email Chris@CumberlandCommercial.com

  • RSS Nashville Commercial Business News

    • Nashville should expect answers on Amazon HQ2 later rather than sooner
      Nashville and other finalists for Amazon’s second headquarters should expect an announcement from the company after the midterm elections, a top global site selector said Monday. John Boyd, principal of The Boyd Co. Inc. location consultants, said it’s increasingly looking like the company’s announcement will come after the midterm elections if the news does […]
    • The Boss: United Way's Brian Hassett was a juvenile delinquent in a family of sports royalty
      Growing up in the Bronx, Hassett is a product of many of the programs he funds today. Now he’s the boss of giving back. […]
    • Metro Council pushes forward on reshaping developer incentives
      Metro Council approved a series of bills Tuesday targeting one of the city's most common forms of developer incentives. Sponsored by At-large Councilman Bob Mendes, the bills come as city officials face greater scrutiny and public pushback over the Metropolitan Development and Housing Authority's continued use of tax-increment financing, or TIF, to […]
    • Five Points building fetches $4M, while another hits the market
      A Charlotte developer has bought into East Nashville’s Five Points area. Nashville Post reports that Crosland Southeast paid $4.31 million for the building at 1000 Main St. Among other tenants, the 0.41-acre property is home to Marche Artisan Foods. The Post reports that Crosland, which most recently developed One Bellevue Place, “is expected to maintain the […]
    • Don't mess with Texas: Sounds to team with Rangers
      The Nashville Sounds have a new Major League Baseball affiliate: The Texas Rangers. The partnership, announced Tuesday in tweets and a media advisory, is consistent with earlier speculation on who the Sounds would team with after the end of their deal with the Oakland Athletics. Executives from both the Sounds and the Rangers are set to speak about the deal […]
    • Group that helps oversee Nashville’s marquee park makes leadership changes
      The Conservancy for the Parthenon and Centennial Park is changing its leadership structure. According to a Tuesday news release, Vice President John Tumminello will become executive director, while longtime President Sylvia Rapoport will become founding president. The changes take effect in January. According to the release, Tumminello will oversee the day-t […]
  • RSS Nashville Real Estate Deals

    • With Sales Booming, Small-Town Apartment Brokers Benefit
      The 331-unit Elliston 23 in Nashville.Brett Kingman is too busy to talk about how busy he is. That's because he's an apartment real estate broker in a smaller city, where investors are flocking these days in search for more upside than major markets like New York. Kingman’s a senior vice president at brokerage CBRE, specializing in apartment proper […]
    • Dallas-Based Firm Pays $26.5M for Cedar Pointe Near Nashville
      The 210-unit Cedar Pointe apartment complex in Antioch, Tennessee. Dallas-based NexPoint Residential Trust purchased a 210-unit apartment complex in Antioch, Tennessee, from New York-based Wharton Equity Partners. Cedar Pointe sold for $26.5 million, or about $126,000 per unit. The garden-style complex at 1157 Bell Road comprises studio, one-, two- and three […]
    • Speculative Construction Continues to Rise Downtown Nashville
      Rendering of the 330,000-square-foot Gulch Union development in Nashville. Downtown has been the busiest submarket in Nashville for total deliveries this cycle, with a handful of towers being erected in the past couple of decades, mainly build-to- suit. Companies are extremely attracted to this high-growth area. Hospital Corporation of America and Bridgeston […]
    • Multifamily Rent Growth in Nashville by Submarket
      The Edison at Peytona apartment complex under construction in Gallatin, Tennessee. While rent growth in Nashville is still below the national average, it has improved in 2018. Strong net migration and a slowdown in deliveries have fueled rent gains across the metro. While most submarkets h […]
    • Why Brookfield Embraces Airbnb: It Wants $1 of Every $4 in Rent Tenants Earn
      The Olmsted apartments in Nashville, Tennessee, purchased by Newgard Development Group last month and rebranded as an Airbnb rental building. Some landlords across the U.S. and Canada may discourage tenants from subletting on Airbnb. But not Toronto-based Brookfield Asset Management, which figures it can reap as much as an extra 3 percentage points in return […]