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VOL. 36 | NO. 6 | Friday, February 10, 2012

Picking up where we left off

Middle Tennessee poised for new construction in rejuvenated office, residential, retail markets

Cranes, which lately have been an endangered species, are returning to Cool Springs. Not the kind that fly, but the kind that dot the skyline over construction sites and have made the Interstate 65 corridor south of Nashville the region’s most popular location for corporate offices.

Midstate retail trends toward mixed-use development

When it was announced in December that H.G. Hill Realty and Southeast Venture were teaming to build 12 South Lofts, a mixed-used building in the 12South neighborhood, there were mixed-reactions.

Empty big boxes answer the call

What do you do with big-box space when it stops being a big box store?

High-end rentals top residential trends

A surge of new or proposed apartment construction that includes more than 3,000 new units and 15 separate projects is sweeping across Nashville’s urban neighborhoods, as well as few suburban and small city locations in Middle Tennessee.

Free Will tries different approach for selling prime location

Free Will Baptist Bible College occupies eight and a-half of the most desirable – and hardest to sell – acres in Nashville. Now five years after the latest of many attempts to sell fell through, the private school is once again actively seeking a buyer so it can move to Gallatin.

Local Weather
Nashville, TN
Mostly Cloudy
Wind: Northeast at 3.5 mph
Humidity: 47%


International Business Council Breakfast. Featuring China Council for the Promotion of International Trade (CCPIT) Chairman Mr. Wan Jifei, along with a delegation of Chinese government officials and business leaders. Chairman Wan is one of the high-level officials accompanying Chinese Vice President Xi Jinping as he visits the United States the week of February 13. Thursday, 8:30-10 a.m., 211 Commerce Street, Suite 100. Information: 743-3115, nashvillechamber.com.

more events »

Top residential sales for January, 2012

Top residential sales for Davidson, Williamson, Rutherford and Wilson counties as compiled by Chandler Reports.


Realtors look to commercial sales for cues

Commercial real estate agents serve as the Punxsutawney Phils for those Realtors that practice on the residential side. When commercial real estate enjoys more activity, residential is soon to follow.


Both 9-7, NY is ‘super’ while Titans rebuilding

Another football season is in the books with the New York Giants’ 21-17 victory over the New England Patriots in Super Bowl XLVI.


Former Crosland executives form Stewart + Dossett

Ronn Stewart and Burgin Dossett have formed Stewart + Dossett, LLC, a development, construction and real estate services firm. A minority-owned and operated business enterprise, the company offers a wide range of project experience in the commercial, hospitality, mixed-use and residential sectors.


Super Bowl MVPs: Some ads on fire, others up in flames

Would you write a check for $116,000 for one second of TV airtime?


Quirky lawyer always entertaining

In a recent Under Analysis column, Mark Levison wrote that he finds lawyers “interesting, entertaining and quite often a bit quirky.” He then describes some of the quirky lawyers around him.


Culture club: Make your own yogurt

There have been many commercials lately about the health benefits of yogurt. And I agree that it is very healthy for several different digestive ailments.


Dierks Bentley puts in OT in search for 'Home'

NASHVILLE (AP) - Dierks Bentley has rarely worked this hard on an album.


New rules to quickly clear crashes announced

NASHVILLE (AP) - State safety and transportation officials have unveiled new protocols aimed at getting major highways reopened more quickly after crashes.


Bill to close grant records stalls again in Senate

NASHVILLE (AP) — Senate Speaker Ron Ramsey says ownership records of companies seeking economic development grants should be available to the public.

Tenn.'s 'Don't Say Gay' bill advances in House

NASHVILLE (AP) - A proposal that seeks to ban Tennessee public schools from teaching about gay issues advanced in the House on Wednesday despite opponents who say the measure could be harmful to gays.

Occupy Nashville bill passes House

NASHVILLE (AP) — A Republican-backed proposal aimed at stopping Occupy Nashville protesters from staying overnight on the Capitol complex passed the House on Thursday despite opposition from Democrats who say the legislation's penalty is excessive.

Wildlife commission may be saved by Legislature

NASHVILLE (AP) - A legislative impasse that threatened existence of the Tennessee Wildlife Resources Commission may have been eliminated.


Guitar plays second fiddle as Nashville symbol

NASHVILLE (AP) - The guitar, an iconic symbol of Nashville's music scene, is beginning to play second fiddle as a visual icon for the city.

Nashville paper sues TSSAA over records

NASHVILLE (AP) - The Nashville City Paper has sued the Tennessee Secondary Schools Athletic Association demanding access to files that were part of an investigation that led to sanctions against an elite private school in Nashville.

Workshops to help Tenn farmers with harvest

SPRING HILL (AP) - Workshops beginning Thursday across Tennessee are designed to help farmers with harvesting, storage, direct marketing and merchandising.

Track gets nod to add more instant racing machines

LEXINGTON, Ky. (AP) — Kentucky Downs has won approval to boost its stakes in a game that offers wagering on past horse races.


Stocks move higher as unemployment claims drop

NEW YORK (AP) — The stock market built a big rally on the strength of the American job market Thursday and barreled toward its highest levels of the year. The Dow Jones industrial average pushed to within 100 points of 13,000.

US housing starts rise modestly to start new year

WASHINGTON (AP) — Construction of single-family homes in the U.S. cooled off slightly in January after surging in the final month last year. But a rise in permits suggests builders are growing more confident that more buyers are ready to come off the sidelines.

Unemployment applications drop to a 4-year low

WASHINGTON (AP) — The number of people seeking unemployment benefits in the U.S. fell to the lowest point in almost four years last week, the latest signal that the job market is steadily improving.

Wholesale prices move up 0.1 percent last month

WASHINGTON (AP) — Wholesale prices moved up slightly last month, held back by cheaper energy and food costs. The modest increase signals that inflation is largely in check.

Bernanke says community banks have strengthened

WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke says the health of the nation's community banks has strengthened, despite what he calls a frustratingly slow economic recovery.

GM records its highest profit ever: $7.6 billion

DETROIT (AP) — General Motors earned its largest profit ever in 2011, two years after it nearly collapsed.

Foreclosure activity edges higher in January

LOS ANGELES (AP) — Banks took back more U.S. homes in January than in the previous month, the latest sign that foreclosures are accelerating after slowing sharply last year while lenders sorted out foreclosure-abuse claims.

Moody's may cut ratings of some of biggest banks

NEW YORK (AP) — Moody's Investors Service may lower the ratings of some of the world's largest banks as well as those of some securities firms because their long-term prospects for profitability and growth are shrinking.

Reports: More Chinese cities seize iPads

BEIJING (AP) — Authorities have seized iPads from retailers in more Chinese cities in an escalating dispute between Apple Inc. and a struggling local company over the trademark for the popular tablet computer, news reports said Thursday.


Top bargainers announce payroll tax cut deal

WASHINGTON (AP) — Relieved congressional bargainers say they've reached agreement on compromise legislation extending payroll tax cuts and benefits for the long-term unemployed through 2012, edging a white-hot political battle a major step closer to finally being resolved.

Santorum's tax returns show rise in wealth

WASHINGTON (AP) — Republican presidential candidate Rick Santorum released four years of federal income tax returns on Wednesday night, showing a sharp rise in his personal wealth spurred by his growing work as Washington-based corporate consultant and media commentator.


Gov. Haslam abandons Tenn. class size proposal

NASHVILLE (AP) - Gov. Bill Haslam said Wednesday that he's abandoning his proposal to do away with average class size restrictions in Tennessee.

Federal judge dismisses 14-year-old TennCare suit

NASHVILLE (AP) — A federal judge on Tuesday dismissed a long-running lawsuit over medical and dental treatment for the 750,000 children on TennCare, more than a third of all children in the state.

Early voting gets under way for Tenn. primary

NASHVILLE (AP) - Early voting for Tennessee's Super Tuesday presidential primary is under way, with Republican leaders lining up behind their respective choices for the nomination.


Some Occupy Nashville protesters remove tents

NASHVILLE (AP) - About half of the Occupy Nashville protesters that were encamped on the Capitol complex for nearly five months have removed their tents.


Sontany not seeking re-election in 2012

NASHVILLE (AP) - State Rep. Janis Sontany said Wednesday that she will not seek re-election in 2012.

Bill to crackdown on domestic assault advancing

NASHVILLE (AP) - A proposal to crackdown on domestic violence is advancing in the Senate despite its financial impact on local governments.

Guns in parking lots bill delayed in Senate panel

NASHVILLE (AP) - The sponsor of a bill seeking to guarantee workers' rights to store firearms in vehicles parked on company lots has delayed a committee vote on the measure until next month.


GM plans to freeze salaried workers' pensions

DETROIT (AP) — General Motors Co. says it plans to freeze its U.S. pension plan for longtime white-collar workers and give all salaried employees annual bonuses instead of pay raises in an effort to hold down expenses.

Fed minutes: Members divided over more bond buys

WASHINGTON (AP) — The Federal Reserve isn't about to launch another bond-buying program to boost the economy — at least not anytime soon.

World Bank president leaving

WASHINGTON (AP) — The president of the World Bank says he is stepping down.

Lexus tops as survey finds more auto dependability

DETROIT (AP) — Lexus is the top performer in a survey of vehicle dependability released Wednesday, but most other brands also showed improvement in an industry that has reached historically high dependability levels.

US factory output jumps 0.7 percent in January

WASHINGTON (AP) — U.S. factories boosted output last month and December ended up being their best month of growth in five years.

Dow falls 97 points, worst showing this year

NEW YORK (AP) — Stocks slumped Wednesday in one of their worst showings this year as Greece, slogging through negotiations with other countries over a bailout, once again cast a long shadow over the financial markets.

Comcast subscribers almost stop cancelling cable

NEW YORK (AP) — It's become the routine in the cable industry that subscribers stream out the door every quarter, hanging up on cable in favor of service from satellite or phone companies. But in the October to December quarter, Comcast Corp. nearly managed to stop that flow.

Kellogg to buy Pringles; P&G, Diamond end deal

NEW YORK (AP) — Kellogg has popped up to buy the Pringles chip brand from Procter & Gamble for $2.7 billion after a similar deal with Diamond Foods was derailed by accounting problems and an executive shakeup at Diamond.


Spending cuts trump farm subsidies for many voters

WASHINGTON (AP) — Promoting farm subsidies was once a no-brainer for rural members of Congress seeking re-election. This year, it's a bit trickier.

House leaders praise emerging payroll tax cut deal

WASHINGTON (AP) — Congressional leaders of both parties praised an emerging deal Wednesday to extend a payroll tax cut and extra jobless benefits through 2012, but cautioned that bargainers still had to nail down final details.


Beach Boys, Radiohead, Chili Peppers play Bonnaroo

NASHVILLE (AP) - The reunited Beach Boys will celebrate sunshine and summer at the 2012 Bonnaroo Music and Arts Festival with Radiohead, Red Hot Chili Peppers, Phish and Bon Iver.

Kenny Rogers sues Capitol Records over royalties

NASHVILLE (AP) - Kenny Rogers is suing Capitol Records, claiming the company has not properly paid him for digital downloads, ringtones and other uses of his songs.


Civil service protection talks end

NASHVILLE (AP) - The Tennessee State Employees Association said Tuesday it has ended discussions with Gov. Bill Haslam's administration about legislation that would eliminate most civil service protections for state workers.

Bill requiring monoxide detectors in RVs advances

NASHVILLE (AP) - A bill that would require working carbon monoxide detectors in leased recreational vehicles has been named after five people who died from carbon monoxide poisoning last year at a bike rally in Clarksville.

Police tell protesters to leave city hall campout

NASHVILLE (AP) - An attempt to move the Occupy Nashville protest from the state Capitol to the city's Public Square was short-lived.

Some Occupy Nashville protesters brace for arrest

NASHVILLE (AP) — Some Occupy Nashville protesters are vowing to stay camped out on the grounds of the Capitol complex and face arrest if a law is passed that makes it illegal for them to sleep on the grounds in protest.

GOP cool to possibility of Rep. Bass party switch

NASHVILLE (AP) - Democratic state Rep. Eddie Bass may be considering a party switch before the candidate filing deadline in April, but Republicans don't appear overly eager to have him

Haslam drug bills advance in Senate

NASHVILLE (AP) - Gov. Bill Haslam's proposals to crack down on the sale or manufacture of certain drugs are advancing in the Senate.

Bill to close grant records stalls in Senate

NASHVILLE (AP) - Republicans have backed off - at least temporarily - of Gov. Bill Haslam's proposal to seal off information about companies seeking economic development grants after an impassioned debate between supporters and Democratic Sen. Roy Herron, who demanded to know why ownership records would not be made available to the public.


Romney names Gov. Haslam chair of Tenn. campaign

NASHVILLE (AP) - Republican presidential candidate Mitt Romney has named Gov. Bill Haslam his campaign chairman in Tennessee.

TDEC chief: Staff shakeup won't weaken enforcement

NASHVILLE (AP) - A leadership shakeup at the state Department of Environment and Conservation doesn't indicate the agency is downgrading pollution enforcement efforts, Commissioner Robert Martineau said Monday.


Job help for veterans this week in Nashville

NASHVILLE (AP) - An employment assistance workshop will be Tuesday through Thursday in Nashville for National Guard members, reservists and all veterans and their spouses.


January retail sales gain points to modest growth

WASHINGTON (AP) — Americans rebounded from a weak holiday season and stepped up spending on retail goods in January. The latest government report on retail sales pointed to a slowly improving economy.

Stocks stage late rally and finish flat

NEW YORK (AP) — Stocks are finishing roughly flat after a rally at the end of trading.

Businesses boosted stockpiles 0.4 percent

WASHINGTON (AP) — Companies restocked at a faster pace in December, a positive sign that they expect consumers to step up spending.

Chinese company to seek ban on iPad import, export

BEIJING (AP) — A Chinese company said Tuesday it will ask customs officials to ban imports and exports of Apple's iPads due to a dispute over ownership of the trademark.

Goodyear posts 4Q profit, but misses Street view

AKRON, Ohio (AP) — Goodyear Tire & Rubber Co. returned to profitability in its fourth quarter partly due to higher tire prices after reporting a loss a year ago that included hefty costs tied to a plant closing.

Avon posts 4Q loss as sales slump, costs rise

NEW YORK (AP) — Avon Products Inc. posted a fourth-quarter net loss as sales slumped and costs rose.


Capitol Hill weighs GOP payroll tax gambit

WASHINGTON (AP) — House lawmakers are returning to Capitol Hill to weigh a proposal by GOP leaders to extend the 2-percentage-point cut in the payroll tax through the end of the year and add the approximately $100 billion cost to the nation's $15 trillion-plus debt instead of scrounging around the budget for ways to pay for it.

Transportation boosted to top of political agenda

WASHINGTON (AP) — After years of procrastination, the White House and Congress have suddenly boosted a long-term plan to improve the nation's roads, bridges and transit systems to the top of the political agenda.

Panetta defends military budget plan

WASHINGTON (AP) — Defense Secretary Leon Panetta is defending his department's slimmed-down, $614 billion budget plan, telling senators it's time to step up and show they are serious about reducing the deficit.


Occupy protesters seek apology from bill sponsor

NASHVILLE (AP) - Occupy Nashville protesters are demanding an apology from the sponsor of legislation aimed at stopping them from staying overnight on the Capitol complex. The demand comes as some protesters are vowing to remain camped out and bracing to be arrested if the proposed legislation passes.


New music on the way from late Waylon Jennings

NASHVILLE (AP) - The family of Waylon Jennings will soon release songs the country music icon recorded shortly before his death 10 years ago.


Apple stock breaks $500 level, continuing rally

NEW YORK (AP) — Apple's stock broke above $500 for the first time Monday. It was the latest step in a rally that began more than two weeks ago, when the company reported staggering sales and profits for the holiday quarter.

Independent group inspecting Apple suppliers

NEW YORK (AP) — Apple said Monday that an independent group, the Fair Labor Association, has started inspecting the working conditions in the Chinese factories where its iPads and iPhones are assembled.

Google says EU OKs $12.5B Motorola Mobility deal

SAN FRANCISCO (AP) — Google says European regulators have approved its $12.5 billion acquisition of cellphone maker Motorola Mobility Holdings.

US stocks gain following latest Greek debt deal

U.S. stocks rose Monday after Greece's parliament voted for spending cuts so it can get a bailout to save the country from bankruptcy.

GE to hire 5,000 veterans over next 5 years

WASHINGTON (AP) — General Electric Co. plans to hire 5,000 veterans over the next five years and invest $580 million to expand its aviation business.

AT&T customers surprised by 'unlimited data' limit

NEW YORK (AP) — Mike Trang likes to use his iPhone 4 as a GPS device, helping him get around in his job. Now and then, his younger cousins get ahold of it, and play some YouTube videos and games.

Going offshore: Your money can live like a millionaire's

WASHINGTON (AP) — Movie super spies James Bond and Jason Bourne use them. So do real-life presidential candidate Mitt Romney, who says he pays his taxes, and untold numbers of Americans who don't. Swiss banks and their secretive counterparts around the globe may sound like the exclusive province of the wealthy, the mysterious or the shady, but anybody can legally open an offshore account.


The fight begins: Obama's budget goes to Congress

WASHINGTON (AP) — President Barack Obama on Monday was selling a a $3.8 trillion election-year budget — a spending outline designed to cut $4 trillion from the deficit in 10 years through spending restraints and higher taxes on the wealthy. Republicans said the plan fails to tackle the nation's deep fiscal problems.

Obama to promote job training at community college

WASHINGTON (AP) — President Barack Obama wants community colleges and businesses to work together to train 2 million workers in high-growth industries, and on Monday will request $8 billion to create a fund to encourage the effort.


Country music disappears from Grammy spotlight

NASHVILLE (AP) - Lady Antebellum landed an unexpected knockout of Eminem and took the night with five Grammys last year, including record and song of the year for "Need You Now." Taylor Swift and Zac Brown Band broke through in the general categories the year before.

Loss leads The Band Perry to all-genre Grammy nod

NASHVILLE (AP) - Losing has never felt better to The Band Perry.

Jason Aldean looking for a 'cool' Grammys moment

NASHVILLE (AP) - Jason Aldean usually maintains a fairly steely demeanor, yet country music's hottest new male star admits to being more than a little excited about his three Grammy nominations.

Bret Michaels celebrates music at Grammy concert

LOS ANGELES (AP) - Bret Michaels isn't above stealing a Grammy.


Tennessee revenue collections more than budgeted

NASHVILLE (AP) - Tennessee's January revenue collections were $37.1 million more than budgeted.

Tenn. and Ky. beef profits hit historic highs

NASHVILLE (AP) — There's reason for optimism at beef cattle operations in Tennessee or Kentucky.

State looking for environmental leaders

NASHVILLE (AP) - The Department of Environment and Conservation is accepting nominations for the Governor's 2012 Environmental Stewardship Awards.

Foreclosure Deal Nets $146M for Tennessee

The state of Tennessee is participating in a $25 billion settlement announced Thursday, Feb. 9, between 49 states – all but Oklahoma – over foreclosure abuses from some of the nation’s biggest lenders.

Tennessee Granted NCLB Waiver

Tennessee made another cut in the changing federal education reform scene: The state is one of 10 granted a waiver from No Child Left Behind standards.

Haslam hopes waiver will boost morale of teachers

NASHVILLE (AP) - Gov. Bill Haslam said Thursday that he hopes Tennessee's waiver from the No Child Left Behind education law boosts the morale of teachers and other educators frustrated by the federal measure's strict and sweeping requirements.

Haslam class size plan getting 'mixed reviews'

NASHVILLE (AP) - Gov. Bill Haslam acknowledged Thursday that his class size proposal has received with "mixed reviews," but vowed to press ahead with the measure intended to help schools fill high-priority teaching positions.


Bernanke: Weak housing has hurt consumer spending

WASHINGTON (AP) — Ben Bernanke said declines in home prices have forced many Americans to cut back sharply on spending and warned that the trend could continue to weigh on the U.S. economy for years.

Trade deficit widens to $48.8 billion in December

WASHINGTON (AP) — Monthly U.S. exports to Europe grew in December, a hopeful sign after a steep decline the previous month. But, some economists remain concerned that the region's debt crisis will still weigh on the U.S. economy this year.

Stocks fall sharply as Greek deal is held up

NEW YORK (AP) — Stocks are having their worst day this year Friday after Greece hit a roadblock on its way to a critical international bailout.

Obama call for manufacturing revival a tough goal

WASHINGTON (AP) — President Barack Obama is making a strong election-year push for an economic revival "built on American manufacturing." But he faces an uphill slog, with little consensus even within his own party on how to do it.

$25B settlement reached over foreclosure abuses

WASHINGTON (AP) — A landmark $25 billion settlement with the nation's top mortgage lenders was hailed by government officials Thursday as long-overdue relief for victims of foreclosure abuses. But consumer advocates countered that far too few people will benefit.

LinkedIn's 4Q earnings strong, revenue doubles

SAN FRANCISCO (AP) — LinkedIn reported a strong fourth quarter as the online professional-networking service added 14 million members. Its net income and revenue beat Wall Street's expectations.

2 Key leaders in Ford's renaissance will retire

DETROIT (AP) — Two key leaders in Ford's remarkable turnaround are retiring.


Budget deficit drops to $27 billion in January

WASHINGTON (AP) — The federal budget deficit fell sharply in January compared to a year earlier, as an improving economy lifts income tax revenue.

Obama: Birth control policy meets everyone's needs

WASHINGTON (AP) — President Barack Obama declared Friday he's found a solution to a birth-control uproar that will protect religious liberty but also ensure that women have access to free contraception, as he rushed to defuse an election-year issue that threatened to overtake his administration.

Catholic group backs Obama birth control policy

WASHINGTON (AP) — The White House has support from a key Catholic health group on its compromise birth control policy.

Foreign donations are a risk in super PAC setting

WASHINGTON (AP) — Money pouring into the presidential election from super political action committees and nonprofit campaign groups appears so far to be strictly American in origin, donated by U.S. companies, unions and millionaires. But it's easier than ever to conceal the source of money and the identities of contributors, making conditions ripe for illegal donations from foreigners, overseas companies or governments attempting to help a favored candidate for the White House.

Obama praises Italian leader's economic efforts

WASHINGTON (AP) — Eager for Europe to contain its economic troubles, President Barack Obama praised Italian Premier Mario Monti on Thursday for his efforts to lead Italy out of its fiscal quagmire. The president said Monti has boosted confidence in Italy throughout Europe and in the marketplace.

House bans federal lawmakers from insider trading

WASHINGTON (AP) — The House on Thursday joined the Senate in voting to explicitly prohibit members of Congress and other top officials from making investments on insider information. But an effort to bridle purveyors of Capitol Hill political intelligence could delay the bill's enactment.

Conservatives: Romney's OK if Obama is alternative

WASHINGTON (AP) — If Mitt Romney needs some good news in an otherwise lousy week, he might find it in an improbable place: the packed hallways of the Conservative Political Action Conference in Washington.

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