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VOL. 37 | NO. 17 | Friday, April 26, 2013

Boom with a view

From Sylvan Heights to East Nashville and surrounding counties, real estate is looking up

Motorists on Interstate 440 are sharing a disorienting experience. A glance at the city’s skyline confirms they are in Nashville, but the startling appearance of a dozen sleek, ultra-modern homes on the hillside above may convince them they are in L.A.

Reappraisal confirms East Nashville’s appeal

Barbara and Mark Sherrell were prepared for the worst when they sold their home in Antioch, a Nashville suburb that experienced some of the steepest declines in property values during the city’s recently completed reappraisal.

Robertson County expects little change in property values

The total value of property in Robertson County will barely change as a result of this year’s reappraisal, says Chris Traughber, assessor of property.

Clarksville 2nd-fastest growing area in US

The latest U.S. Census numbers, released last month, showed the rest of the country what Clarksville residents already suspected. The multi-county Metropolitan Statistical Area of Clarksville is officially the second fastest-growing city in the country, with a 3.7 percent boost from July 2011 to July 2012.

Local Weather
Nashville, TN
A Few Clouds
Wind: Northwest at 3.5 mph
Humidity: 61%


Heritage Foundation of Franklin & Williamson County. 46th annual meeting, election of board and officers, and presentation of preservation awards today. Reception at 5:30 p.m., program at 6. Franklin Theatre, 419 Main Street. RSVP by April 26: 591-8500 ext. 20, tbarnhill@historicfranklin.com.

more events »

Williamson County homebuyers look to east, south

Realtor Jeremy Pittman had an experience in January he hadn’t had since the housing boom of the mid-2000s. He put a house on the market in the Spring Hill area that immediately received multiple offers and sold within a week.

Population, incomes, options rise in Wilson County

When Realtor Judy Rockensock moved to Mt. Juliet with her young family in 1984, she recalls having to plan her shopping days around trips to the Hermitage Kroger.

The ‘double-edged sword’ of infill

There are certain things about Sylvan Park that lured resident Steve Swartz away from Belle Meade seven years ago, like the variety in architecture and diversity in character of the neighbors.


4th & Monroe rebirth boosts Germantown

Nashten, LLC is invading Nashville. This venture, allegedly consisting of a two-headed partnership, has purchased the condominium development at 4th and Monroe in Germantown, which is conveniently located at 4th and Monroe.

Top Midstate residential real estate transactions for March 2013

Top March 2013 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.


Barge Waggoner promotes quartet of vice presidents

Award-winning architecture and engineering firm Barge Waggoner Sumner and Cannon, Inc. appointed four new vice presidents at its recent annual stockholders’ meeting:


Don’t let your zeal kill the deal

Passion is a vital skill for entrepreneurs, but did you know it can actually kill a sales call?


Rotten golden apples in a can

It has been a particularly tough stretch for sage taxicab investors. My recent taxi tips have centered on three clear winners. Gold, Apple and Cash. Let’s evaluate.


Deal with the stress before the mess

When I get curious, I read a lot. Last week I got very curious about a form of ineffective behavior that seems all too common these days.


Please, please, punch in country code for Belize!

A decade ago in this space, I told a story about receiving multiple hang-up phone calls between midnight and dawn over a period of several weeks.


A healthier breakfast option

Breakfast is the healthiest and best meal of the day, but if you stopped and asked the people around you if they eat breakfast, I’ll bet half of them don’t.


Music City mourns country legend George Jones

NASHVILLE (AP) - Thousands of fans who had been waiting in line since the wee hours joined some of country's biggest stars Thursday to pay their respects to George Jones at the Grand Ole Opry House in Nashville.


Appeals court says Metro owes $30 million for land

NASHVILLE (AP) — The Tennessee Court of Appeals has upheld a jury verdict that forces Metro Nashville to pay $30 million for the city's use of a piece of property that is located at the site of the new convention center. The ruling involves 5.7 acres that was owned by Tower Investments.


Gov. Haslam's former boss to oversee Pilot probe

NASHVILLE (AP) — Brad Martin, the newly appointed interim president of the University of Memphis who once hired Gov. Bill Haslam as an executive at Saks Inc., was named Wednesday by Pilot Flying J to oversee an internal investigation into FBI allegations of fraudulent business practices involving rebates to trucking customers.

DCS disciplines 3 high-ranking workers

NASHVILLE (AP) - The Tennessee Department of Children's Services has disciplined three high-ranking employees over child death record-keeping.

Tennessee is No.2 bicycle-friendly state in Southeast

NASHVILLE (AP) — Tennessee has been recognized as the second bike friendliest state in the Southeast.


Carr joins bid to oust DesJarlais in GOP primary

MURFREESBORO (AP) - State Rep. Joe Carr of Murfreesboro is joining the race to oust embattled U.S. Rep. Scott DesJarlais in next year's Republican primary.

Viam Manufacturing expanding in Coffee County

NASHVILLE (AP) — State officials say a company that makes floor and trunk mats for automobiles is expanding its facility in Manchester, adding 75 jobs in the process.


GM profit falls 14 pct in 1Q; Europe loss narrows

DETROIT (AP) — General Motors' net income fell 14 percent in the first quarter, as it earned less money in North America while preparing to launch a redesigned version of its best-selling vehicle, the Silverado pickup.

National Mall overhaul draws $10M gift from Volkswagen

WASHINGTON (AP) — Plans to overhaul neglected sites on Washington's National Mall with lakeside gardens, grassy amphitheaters and restaurants with views of the nation's memorials are getting a boost from a German carmaker.

Ford adding 2,000 workers to Missouri plant

DETROIT (AP) — Ford Motor Co. said Thursday that it's adding 2,000 workers to the Missouri plant that makes the F-150 pickup because of surging U.S. truck demand.

Alabama's Honda plant celebrates start of MDX

LINCOLN, Ala. (AP) — Gov. Robert Bentley is joining Honda officials in Lincoln to celebrate the start of production for the 2014 Acura MDX sports utility vehicle.


US rate on 15-year mortgage at record 2.56 pct.

WASHINGTON (AP) — The average U.S. rate on the 15-year fixed mortgage fell to a new record low last week, and the rate on the 30-year fixed loan declined. Cheaper mortgages have encouraged more home-buying and refinancing.

US jobless claims fall to 5-year low of 324K

WASHINGTON (AP) — The number of Americans seeking unemployment aid fell last week to seasonally adjusted 324,000, the lowest since January 2008. The drop points to fewer layoffs and possibly more hiring.

US trade deficit falls to $38.8 billion in March

WASHINGTON (AP) — The U.S. trade deficit narrowed in March for a second month as the daily flow of imported crude oil dropped to the lowest level in 17 years. The deficit with China hit a three-year low.

US worker productivity rises just 0.7 pct. in Q1

WASHINGTON (AP) — U.S. worker productivity barely grew from January through March after shrinking in the final three months of 2012. Weak productivity growth could prompt employers to hire more if consumers and businesses continue to increase spending.

Stocks gain after unemployment claims fall

NEW YORK (AP) — Encouraging news about the job market and higher profits from CBS, Facebook and other companies lifted stocks Thursday.

Oil price stabilizes near $91 after big drop

BANGKOK (AP) — The price of oil stabilized near $91 per barrel Thursday after a big fall as traders digested an increase in U.S. crude inventories that suggested weak demand for fuel.

YouTube: The battle with TV is already over

NEW YORK (AP) — YouTube vs. TV? YouTube says the battle — if there ever was one — is over.


Obama to tap Pritzker, Froman for economic jobs

WASHINGTON (AP) — President Barack Obama on Thursday will nominate longtime fundraiser and philanthropist Penny Pritzker to run the Commerce Department and economic adviser Micahel Froman as the next U.S. Trade Representative.


Legislature leaves open question about judges

NASHVILLE (AP) - When the legislature failed to extend the life of the Judicial Nominating Commission, it effectively ended merit-based selection of judges in Tennessee. It also left open the question of whether there is any mechanism to replace a Tennessee judge who steps down, retires or dies.


TWRA won't enforce ban on fishing below dams

NASHVILLE (AP) - State and federal agencies are at odds as the U.S. Army Corps of Engineers presses ahead with a ban on fishing from boats both above and below Cumberland River watershed dams.


Detroit boosted by truck sales; Honda, Nissan gain

DETROIT (AP) — Ford, GM, Chrysler and Nissan all reported double-digit U.S. sales increases last month, signaling the best April for car and truck sales in six years.

Nissan cuts prices on 7 US models

DETROIT (AP) — Nissan is cutting prices on seven of its 18 models in the U.S., hoping its cars and trucks will show up in more Internet searches by shoppers.

Chrysler US sales up 11 percent in April

DETROIT (AP) — Strong demand for the Ram pickup truck helped drive Chrysler's sales up 11 percent last month as the company posted its best April in six years.


Fed keeps stimulus, says taxes and cuts have hurt

WASHINGTON (AP) — The Federal Reserve cautioned America's political leaders Wednesday that their policies are hurting the economy.

Stocks sink as economic outlook dims; Dow off 138

NEW YORK (AP) — The stock market fell the most in two weeks as the outlook for the economy grew dimmer.

Oil sinks on China manufacturing and US supplies

NEW YORK (AP) — The price of oil dropped more than 2 percent Wednesday, following disappointing economic news from the world's two biggest oil-consuming nations and a large increase in U.S. crude supplies.

US construction spending down 1.7 percent in March

WASHINGTON (AP) — Spending on U.S. construction projects fell in March as the biggest drop in government projects in more than a decade overwhelmed strength in home building.

US manufacturing grows in April at slower pace

WASHINGTON (AP) — U.S. factory activity expanded at a slower pace in April, held back by weaker hiring and less company stockpiling. The report is the latest sign that economic growth may be slowing this spring.

Survey: Private employers add just 119K in April

WASHINGTON (AP) — A private survey shows U.S. companies added just 119,000 jobs in April, the fewest in seven months.

Comcast profit rises 17 percent in 1Q

NEW YORK (AP) — Comcast Corp., the nation's largest cable company and owner of NBCUniversal, on Wednesday said its net income rose 17 percent in the latest quarter, powered by continued strong results from its cable operations.

Time Warner 1Q earnings climb, beats Street

NEW YORK (AP) — Earnings at Time Warner Inc. grew 24 percent in the first three months of the year despite a slight drop in revenue, as the company benefited from strength in its television networks.


Officials: Obama naming NC's Watt for housing post

WASHINGTON (AP) — President Barack Obama intends to nominate Rep. Melvin Watt to head the Federal Housing Finance Agency, the government regulator that oversees lending giants Fannie Mae and Freddie Mac, and he has chosen a former cable and wireless industry lobbyist to head the Federal Communications Commission, according to White House officials.


Haslam unswayed by celebrities opposing 'ag-gag'

SMYRNA (AP) - Gov. Bill Haslam said Tuesday he was not swayed by celebrities opposing a bill that would make it a crime to video record animal abuse if it isn't turned over to law enforcement authorities within 48 hours.


Kenny Chesney starts fund to help bombing victims

NASHVILLE (AP) - Country star Kenny Chesney is starting a fund to help those who lost limbs in the Boston Marathon bombing.

Curb Records sues Tim McGraw in federal court

NASHVILLE (AP) - Curb Records is suing Tim McGraw. Again.


Cooper and Durbin talk immigration and sales tax

NASHVILLE (AP) - U.S. Sen. Dick Durbin was in Nashville with U.S. Rep. Jim Cooper Tuesday to drum up support for Internet sales tax collection and an immigration overhaul.

Convention center offers new spotlight for Nashville

NASHVILLE (AP) - A new convention center in Nashville is transforming the look of downtown with a wavy roof dominating six city blocks, but tourism officials hope the eye-catching facility will also show business travelers a revitalized Music City.

TSU professor wins $334K military grant

NASHVILLE (AP) — A Tennessee State University professor has won a $334,000 grant to explore developing technology that would improve the capability of automated surveillance systems.


Team that helped laid off workers being eliminated

NASHVILLE (AP) - Tennessee is shutting down a rapid response team that has been sent to aid workers in mass layoffs.

24 Main Street cities generate $82 million

NASHVILLE (AP) — State officials say a program that aims to revitalize downtown commercial districts in communities across Tennessee generated more than $82 million in private and public investment last year.


Stocks edge higher; IBM pulls up the Dow

NEW YORK (AP) — The stock market overcame a morning slide to finish modestly higher, giving the Standard & Poor's 500 index another record close and its sixth straight month of gains.

Oil price falls, ends April down 4 percent

NEW YORK (AP) — The price of oil fell about 1 percent Tuesday on anticipation of another increase in U.S. crude supplies.

Report: Apple selling record amount in bonds

NEW YORK (AP) — The Wall Street Journal says Apple Inc. is selling $17 billion in bonds on Tuesday. That would make it the largest corporate bond issue ever.

Shoppers face hurdles in finding ethical clothing

NEW YORK (AP) — You can recycle your waste, grow your own food and drive a fuel-efficient car. But being socially responsible isn't so easy when it comes to the clothes on your back.

Online poker back: Legal website launches in Nevada

LAS VEGAS (AP) — Poker devotees can now skip the smoky casino and legally gamble their dollars away on the couch — at least in the state of Nevada.

Brighter view on jobs and pay lifts US confidence

WASHINGTON (AP) — Americans are more optimistic the job market is healing and will deliver higher pay later this year. That brighter outlook, along with rising home prices, cheaper gasoline and a surging stock market, could offset some of the drag from the recent tax increases and government spending cuts.

US home prices up 9.3 pct., most in nearly 7 years

WASHINGTON (AP) — U.S. home prices rose 9.3 percent in February compared with a year ago, the most in nearly seven years. The gains were driven by a growing number of buyers who bid on a limited supply of homes.

US employment compensation up 0.3 percent in Q1

WASHINGTON (AP) — Americans' wages increased at a faster rate from January through March than the previous quarter, a trend that helped boost economic growth. But their benefits barely grew.

Fed likely to stick with low-rate stance this week

WASHINGTON (AP) — A combination of scant inflation and still-modest U.S. economic growth will likely lead the Federal Reserve this week to maintain its drive to keep borrowing costs at record lows indefinitely.

Best Buy exits Europe, selling joint venture stake

NEW YORK (AP) — Best Buy is looking to exit Europe, selling its stake in its joint venture there to partner Carphone Warehouse Group PLC in a cash-and-stock deal valued at 500 million pounds (about $775 million).

Eurozone inflation falls to 3-year low in April

LONDON (AP) — Pressure is mounting on the European Central Bank to cut interest rates this week after figures Tuesday showed inflation in the euro area at a three-year low and unemployment at another record high.


Obama says his health care law mostly in place

WASHINGTON (AP) — President Barack Obama argues that his signature health care law is already benefiting most Americans even if they don't know it.

Obama: House immigration bill must meet 'criteria'

WASHINGTON (AP) — President Barack Obama says he is open-minded about immigration legislation being fashioned in the House. But he says he won't support it if it doesn't meet his criteria, including a "pathway to citizenship."


Opry to hold public funeral for George Jones

NASHVILLE (AP) — A public funeral will be held at the Grand Ole Opry House in Nashville for country music superstar George Jones, who died Friday at the age of 81.

Country star Jason Aldean files for divorce

NASHVILLE (AP) - Jason Aldean has filed for divorce. The country music star filed the complaint for divorce against his wife Jessica on Friday afternoon in Williamson County, citing irreconcilable differences.


Federal judge more upbeat on DCS at hearing

NASHVILLE (AP) - A federal judge overseeing changes at the state Department of Children's Services expressed cautious optimism Monday that the agency's new leadership can resolve some of its problems.

Pilot lauds denial of witness tampering claim

NASHVILLE (AP) — A Knoxville judge on Monday rejected a claim that Pilot Flying J CEO Jimmy Haslam is tampering with potential witnesses in a lawsuit stemming from an FBI raid on the country's largest diesel retailer.

Preparations continue to drug-test for welfare

NASHVILLE (AP) - Tennessee authorities are preparing to test welfare recipients for drug abuse.

FBI court documents recount 'gray side' of Pilot

NASHVILLE (AP) — When federal agents descended on the Knoxville headquarters of Pilot Flying J on April 15, it was the first inkling the public and company executives had of an FBI and Internal Revenue Service investigation that began nearly two years ago.


Middle Tennesseans more optimistic about economy

MURFREESBORO (AP) - A recent survey says Middle Tennessee consumers are becoming more optimistic about the local economy and are increasingly upbeat about the future.


Victims' rights group honors Davidson County D.A.

NASHVILLE (AP) - Victims' rights group You Have the Power is celebrating its 20-year anniversary and will be honoring Nashville District Attorney General Torry Johnson with the first annual Powerhouse Award.


Hospitals see surge of superbug-fighting products

NEW YORK (AP) — They sweep. They swab. They sterilize. And still the germs persist.


Chrysler profit falls 65 pct. on lower shipments

DETROIT (AP) — Chrysler's first-quarter profit tumbled 65 percent as shipments of cars and trucks fell while it prepared to launch several key new vehicles.

Subaru recalls more than 10,000 Forester wagons

DETROIT (AP) — Subaru is recalling just over 10,000 of its 2014 Forester wagons because the floor mats can interfere with the clutch, brake or gas pedals.


S&P 500 reaches new high, led by tech

NEW YORK (AP) — Technology companies are leading the stock market higher, pushing the Standard & Poor's 500 index to another record high.

Oil above $94 on US data, hope of EU rate cut

The price of oil rose above $94 per barrel Monday as positive U.S. economic data added to optimism for a rate cut in Europe.

Pending US home sales reach 3-year high in March

WASHINGTON (AP) — The number of Americans who signed contracts to buy homes rose in March to the highest level in three years, pointing to higher sales this spring.

US consumers keep spending despite reduced pay

WASHINGTON (AP) — This year got off to a sour start for U.S. workers: Their pay, already gasping to keep pace with inflation, was suddenly shrunk by a Social Security tax increase.

Google's virtual assistant invades Siri's turf

SAN FRANCISCO (AP) — Google is trying to upstage Siri, the sometimes droll assistant that answers questions and helps people manage their lives on Apple's iPhone and iPad.

James Bond studio to open 1st US facility in Georgia

ATLANTA (AP) — The British film studio that's home to the James Bond movie franchise announced plans Monday for its first U.S. film production facility, at a site near Atlanta.


Army says no to more tanks, Congress insists

WASHINGTON (AP) — Built to dominate the enemy in combat, the Army's hulking Abrams tank is proving equally hard to beat in a budget battle.

Per-student pre-K spending lowest in decade

WASHINGTON (AP) — State funding for pre-kindergarten programs had its largest drop ever last year and states are now spending less per child than they did a decade ago, according to a report released Monday.

Economic gains may not help Democrats much in 2014

WASHINGTON (AP) — Presidents like to take credit for economic recoveries, just as President Barack Obama is angling to do now.


George Jones, country superstar, has died at 81

NASHVILLE (AP) - When it comes to country music, George Jones was The Voice.

5 things to know about country legend George Jones

NASHVILLE (AP) - Five things to know about country music superstar George Jones, who died Friday at 81:

Jones called 'greatest country singer of all time'

NASHVILLE (AP) - The country music world reacted with deep emotion upon learning of the death of legendary singer George Jones. Here's a sampling of quotes and tweets about Jones:

Accidental outlaw Willie Nelson celebrates 80th

NASHVILLE (AP) — America loves its outlaws, and few are as admired and lionized as Willie Nelson.


Review of Nashville voting says 2 races marred

NASHVILLE (AP) - A state review of election problems in Davidson County has concluded the outcomes of two 2012 primary elections could have been influenced by voting technology bungling.

TBI participates in prescription drug take-back

NASHVILLE (AP) — The Tennessee Bureau of Investigation is participating in an initiative Saturday sponsored by the Drug Enforcement Administration.

Southern Baptist site blocked on military bases

NASHVILLE (AP) - Some military chaplains trying to access the Southern Baptist Convention website this week were surprised to find it blocked with a message that it contained "hostile content."


DCS adopts new plan for reviewing child deaths

NASHVILLE (AP) - Tennessee's Department of Children's Services has adopted a new plan for investigating child deaths that it says will be faster and more effective.


Michigan contractor killed at Nissan's Smyrna plant

SMYRNA (AP) — Nissan officials say an employee of a supplier died in a fatal accident at its vehicle assembly plant in Smyrna.

Rutherford County teachers file state complaint

MURFREESBORO (AP) — The Rutherford County teachers group has filed a formal complaint over the way the state now allows bargaining over pay.


TN GOP says infighting typical of supermajority

NASHVILLE (AP) — Republicans, positioned to make major changes to state law with the governorship and a supermajority in the General Assembly, ended the session with some high-profile measures derailed by infighting.

Judge dismisses libel case against Sen. Campfield

NASHVILLE (AP) — A judge in northeast Tennessee is dismissing a $750,000 libel lawsuit against state Republican Sen. Stacey Campfield for publishing false information online about a Democratic candidate for the state House in 2008.


Settlement with nonprofits could bring $40 million

NASHVILLE (AP) - A long-standing legal dispute between two publicly traded healthcare companies and the receiver for two Tennessee non-profit corporations could ultimately result in $40 million going to charities in the Volunteer State.


New Corvette to start around $52,000, GM says

DETROIT (AP) — General Motors said Friday that a base model of the 2014 Corvette Stingray will start at just under $52,000.

Honda's quarterly profit rises despite China woes

TOKYO (AP) — Honda's fiscal fourth quarter profit rose nearly 6 percent as the Japanese automaker's recovery from floods in Thailand the previous year offset recent sales losses in China.


US economy accelerates at 2.5 percent rate in Q1

WASHINGTON (AP) — Americans shrugged off higher taxes to lift the U.S. economy at the start of the year. Government spending fell, though, and the impact of the tax increases along with federal budget cuts could slow growth later this year.

Stocks stall on tepid US economic growth

NEW YORK (AP) — The stock market stalled Friday after the U.S. economy didn't grow as much as hoped and earnings from a handful of big companies failed to rev up investors.

Oil has biggest weekly gain this year

NEW YORK (AP) — Oil rose more than 5 percent this week, even with a decline on Friday, as traders concluded last week's dive to a low for the year was overdone.

AT&T to sell home automation, security packages

NEW YORK (AP) — AT&T Inc. is launching its home security and automation service in 15 cities Friday, with an eye toward getting customers hooked on security cameras, thermostats and locks they can control from phones and tablets.

US rate on 15-year loan at record-low 2.61 pct.

WASHINGTON (AP) — The average U.S. rate on the 15-year fixed mortgage fell last week to its lowest level on record, making refinancing and home-buying more attractive to those who can qualify.

New York Times posts sharp 1Q profit decline

NEW YORK (AP) — The New York Times Co. reported a sharp decline in its first-quarter earnings on Thursday mainly because businesses it sold last year were not included in the latest results.


Internet sales tax bill to hit roadblock in House

WASHINGTON (AP) — A bill to require Internet shoppers to pay sales taxes for online purchases may be cruising through the Senate but it will soon hit a roadblock in the House.

Spending cuts may deep-six crucial flood gauges

WASHINGTON (AP) — More than 100 crucial gauges that warn of imminent flooding or lack of needed water will be shut down starting next month as part of the federal government's automatic budget cuts.

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